Apple's competitive strategy is primarily based on the differentiation, with a focus on offering high-quality and innovative products to its customers.
What is a competitive strategy?Competitive strategy is a plan of action that businesses use to achieve a competitive advantage over their rivals. It involves analyzing the strengths and weaknesses of both the business and its competitors, identifying opportunities and threats in the market, and developing a strategy that will allow the business to outperform its competitors. This can include focusing on cost leadership, differentiation, or niche strategies. Cost leadership involves producing products or services at a lower cost than competitors, while differentiation involves creating unique products or services that customers perceive as valuable. Niche strategies focus on serving a specific segment of the market that is not well served by competitors. Overall, competitive strategy is essential for businesses to succeed in today's highly competitive marketplaces.
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astoria company had the following transactions during the month of august year 1: (1) cash received from bank loans was $20,000. (2) dividends of $9,500 were paid to stockholders in cash. (3) revenues earned and received in cash amounted to $33,500 (4) expenses incurred and paid were $26,000. what amount of net income will be reported on an income statement for the month of august?
The net income that will be reported on an income statement for the month of August will be $-2,000. The negative sign indicates that the company incurred a loss instead of making a profit.
The net income that will be reported on an income statement for the month of August can be calculated as follows:
Revenue: $33,500Expenses: $26,000Dividends: $9,500Net Income = Revenue - Expenses - Dividends
Net Income = $33,500 - $26,000 - $9,500
Net Income = $-2,000
Therefore, the net income reported on an income statement for the month of August will be $-2,000. The negative sign indicates that the company incurred a loss instead of making a profit.
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contractionary monetary policy attempts to aggregate demand by interest rates. a. decrease b. increase c. decrease d. increase e. increase increasing decreasing decreasing increasing maintaining
Contractionary monetary policy attempts to aggregate demand by increasing interest rates. The correct option is (d) increase. Monetary policy is the process of regulating the money supply and controlling the interest rates in an economy.
Central banks usually control monetary policy in order to stimulate economic development, reduce inflation, and stabilize the economy. Monetary policy can be either contractionary or expansionary. Contractionary policy aims to reduce inflation by reducing the supply of money or increasing the cost of borrowing. While expansionary policy aims to boost the economy by increasing the money supply and lowering interest rates.
The goal of contractionary monetary policy is to reduce inflation and stimulate economic growth. Contractionary monetary policy can be used in various ways such as raising the cost of borrowing, lowering money supply, and decreasing the demand for goods and services. By increasing the interest rates, businesses and individuals are discouraged from borrowing, which in turn decreases spending and aggregate demand. Therefore, the correct answer to the question is option (d) increase.
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1. Governments all over the world have been criticized for being
short-sighted in their decision-making perspectives.
Evaluate this statement. (10MKS)
Governments all over the world have been criticized for being short-sighted in their decision-making perspectives. This is because governments often make decisions based on immediate objectives or short-term gains, without considering long-term consequences. This can lead to decisions that don't always benefit the public in the long run.
The decision-making process of governments typically involves research and analysis, followed by policy formation and decision-making. This process can take place at the local, state, national, or international level depending on the issue. First, policymakers need to identify and analyze a problem, followed by creating various policy options to address it. Next, the options must be evaluated, including the costs and benefits associated with each. Finally, the chosen policy option is put into action, either through legislation, regulation, or other means.
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which of the following is true regarding shift work? a. shift work is considered a welcome change of pace by those workers who normally don't do it. b. studies have shown that employees who work irregular shifts are more efficient and less likely to have an accident on the job than employees working regular shifts. c. shift work often leads to severe depression d. shifts must be assigned to accommodate workflow.
Option D is correct regarding the following question; Shifts must be assigned to accommodate workflow.
Shift work refers to a work schedule in which an employee works outside of the usual 9 a.m. to 5 p.m. hours. Depending on the work environment, shift work maybe 24 hours a day, seven days a week, or only at specific times throughout the week, such as overnight or on weekends to accomodtae workflow.
A wide range of people, from nurses to customer service representatives, work in shift work. When companies or industries require workers to work in shifts, they typically do so to cover the demands of a 24-hour business.
For example, a hospital may need nurses and doctors to work overnight shifts to ensure that patient care is available 24 hours a day.
Shifts must be assigned to accommodate workflow, and this statement is correct regarding the question. To adjust or make changes to something to make it work better is to accommodate.
This means that shifts must be assigned to accommodate workflow, which means that scheduling should be completed based on the organization's business operations or demands.
Shift work can have a significant impact on workers' daily lives and can cause health problems such as insomnia, depression, and stress due to the irregularity of their working hours.
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Suppose that the demand per ounce of a rare type of chocolate , QD, is represented by the following equation, where P is the price of chocolate and QDis the quantity of chocolate sold:QD = 2200 - 24PThe supply of chocolate, QS, is represented by the equation:QS = -500 + 79P
The equations presented represent the demand and supply of a rare type of chocolate, where demand is expressed as a function of price (QD = 2200 - 24P) and supply is expressed as a function of price (QS = -500 + 79P).
Demand is an economic concept that describes how much of a product or service people are willing and able to purchase at different prices. In the equation for the demand of this rare type of chocolate, we see that demand decreases as price increases. This means that, as the price of the chocolate increases, people are less likely to buy it. This concept is known as the law of demand, which states that people generally purchase more of a good when its price decreases.
Supply is an economic concept that describes how much of a product or service suppliers are willing and able to provide at different prices. In the equation for the supply of this rare type of chocolate, we see that supply increases as price increases. This means that, as the price of the chocolate increases, suppliers are more likely to produce and offer it. This concept is known as the law of supply, which states that suppliers generally produce more of a good when its price increases.
Together, the law of demand and the law of supply determine the equilibrium price and quantity of a product or service. At the equilibrium price, the quantity demanded by buyers is equal to the quantity supplied by sellers. The price at which this occurs can be calculated using the demand and supply equations, as well as the concept of supply and demand curves.
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Sumi is known for her inability to be on time for group meetings. When she is late, her boss nags her about it. When she is on time, her boss says nothing. This is an example of
a timetable for reinforcement, specifically an intermittent reinforcement schedule for partial reinforcement. Even when the reinforcement is random or irregular, this intermittent reinforcement schedule can be quite effective since it can result in persistent behaviour.
Which of the following best reflects ethical workplace behaviour?Which of the following best reflects ethical workplace behaviour? A person must act in a way that is compatible with their personal values, society's values, and the values of the organisation.
Which of the following statements best describes people who are failure-oriented?Which of the following statements about failure-focused people is accurate? They blame their mistakes on a lack of skill, which may lead them to feel incompetent. Which of the following best describes how behavior-based personality measures? They look at a person's
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A bond with a coupon rate of 8 percent sells at a yield to maturity of 9 percent. If the bond matures in 10 years, what is the Macaulay duration of the bond? What is the modified duration?
Assume the bond in the previous problem has a yield to maturity of 7 percent. What is the Macaulay duration now? What does this tell you about the relationship between duration and yield to maturity?
Macaulay duration of the bond, we need to find the present value of each coupon payment and the principal payment using the yield to maturity of 9 percent. Let's assume the face value of the bond is $1,000 and the coupon is paid semi-annually.
What is maturity ?In finance, maturity refers to the period of time until a debt security or financial instrument must be repaid to the investor. It is the date on which the principal amount of a bond, note, certificate of deposit (CD), or other fixed-income security becomes due and payable to the investor. The maturity of a security can range from a few days to several decades, depending on the type of security and the terms of the issuance. The maturity date is also used to calculate the yield to maturity, which is the total return anticipated on a bond if it is held until its maturity date and all interest payments are made in full and reinvested at the same rate.
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Assume that $3. 2 million is deposited into a bank with a reserve requirement of 9 percent. Instructions: Round your answer to two decimal places. A. What is the money supply as a result? b. If the government decides to raise the reserve requirement to 18 percent, what is the value of the money supply in this case?
The increase in money supply =$ 17.78 million as per the given details about the money supply.
a. Deposit in a bank = $3.2 million
Reserve requirement = 9%
Money multiplier = 1 / Reserve requirement
= 1 / 0.09
= 11.11
Therefore increase in money supply = $(11.11*3.20) million
= $ 35.55 million
(B). New change in money supply:
Deposit in bank = $3.2 million
Reserve requirement = 18% = 0.18
Money multiplier = 1 / reserve requirement
= 1 / 0.18
= 5.56
Therefore increase in money supply = $(5.56 * 3.2) million = $ 17.78 million
The amount of money in circulation at any given time is called the money supply. The total amount of currency in circulation, such as banknotes, coins, and bank balances, is called the money supply.
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which of the following types of institutions has historically been the largest purchaser of residential mortgages? a. government-sponsored enterprises b. savings and loans c. insurance companies d. commercial banks
The largest purchaser of residential mortgages has historically been commercial banks. (D)
Commercial banks are financial institutions that accept deposits and make loans to businesses and individuals, and they are the most likely to offer mortgage services to the public.
They are also one of the most accessible mortgage providers, offering customers the ability to go in-person to apply for a loan or get advice. Commercial banks usually have the lowest interest rates, making them the most attractive option for homeowners.
The process of buying a mortgage through a commercial bank is also relatively straightforward and requires only a few documents.
Additionally, commercial banks have the widest range of loan products and services, meaning they can provide a variety of mortgage products to meet the needs of their customers.(D)
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match the following types of test markets to the correct description. standard test market standard test market drop zone empty. controlled test market controlled test market drop zone empty. simulated test market
The three types of test markets, and their respective descriptions, are as follows:
Standard Test Market - A standard test market is a test conducted in a real-world environment with a test area similar to the target market. The business will use this kind of market test when it has the financial resources to test the product's performance in a test area similar to the real market.
Controlled Test Market - Controlled test markets are test environments created by the business in which the test area is strictly monitored, and all extraneous factors are kept to a minimum. The goal of this type of test market is to create an environment in which the product can be tested without interference from outside sources.
Simulated Test Market - Simulated test markets are computer-generated test markets in which a group of people are simulated to represent the target market. Businesses use simulated test markets to assess how well their product will perform in a particular market before launching it.
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a taxpayer's rights are explained in: a.publication 556. b.publication 17. c.publication 1. d.publication 5. e.none of these choices are correct.
The taxpayer's rights are explained in the Publication 1. The correct option is c.
What is Publication 1?The Publication 1 is one of the most essential guides that informs taxpayers of their rights when dealing with the Internal Revenue Service (IRS). Publication 1 also lays out the taxpayer's obligations, provides a roadmap for handling disputes, and guides taxpayers in their interactions with the IRS.Purpose of Publication 1The publication 1 serves as a compass for individuals and businesses to navigate their dealings with the IRS.
It includes information on numerous topics, including the following:The right to be informedThe right to confidentialityThe right to a fair and impartial hearingThe right to an appeal in tax disputes and disagreementsThe right to representationMoreover, Publication 1 is also know n as Your Rights as a Taxpayer, and it's a crucial document that taxpayers must understand.
Hence the correct option is c
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how could a thief get your credit card statement sent to his address instead of yours? group of answer choices
If a thief managed to get a person's credit card statement sent to their address instead of the legitimate recipient's address.
There are many ways as it is possible that they may have accomplished this by changing the address on the account through fraudulent means. This could involve stealing the person's identity and contacting the credit card company to request a change of address, or by intercepting the statement in transit and redirecting it to their own address.
It is also possible that the thief may have gained access to the person's credit card account through password hacking, phishing scams, or other forms of fraud. Once they have access to the account, they may be able to change the address on file and redirect the statement to their own address.
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The complete question is:
How could a thief get a person's credit card statement which was sent to the thief address instead of yours?
(In 500 words) Define the Disruptive Technology and
Innovations of Sumitomo Mitsui Financial Group and their
competitors
Disruptive Technology is defined as the technology that creates a new market and disrupts the existing market. It is a new technology that dramatically changes the way things work, rendering the old technology obsolete.
Sumitomo Mitsui Financial Group (SMFG) is a Japanese banking and financial services company. Sumitomo Mitsui Banking Corporation is the company's main banking subsidiary. It is the second-largest banking institution in Japan in terms of assets and market capitalization, behind Mitsubishi UFJ Financial Group.
Sumitomo Mitsui Financial Group is also one of the largest financial services companies in the world in terms of market capitalization.
Sumitomo Mitsui Financial Group's major innovations are as follows:
1. Artificial intelligence and blockchain technology have been combined by the company.
2. SMFG and Nippon Wealth have formed a joint venture called WealthNavi to offer digital investment advice.
3. SMFG's asset management subsidiary, Sumitomo Mitsui DS Asset Management, has launched an exchange-traded fund (ETF) tracking the JPX-Nikkei Index 400 with a focus on companies with strong corporate governance.
The competitors of Sumitomo Mitsui Financial Group are Mitsubishi UFJ Financial Group, Inc., Mizuho Financial Group, Inc., Shinsei Bank, Ltd., Resona Holdings, Inc., Sumitomo Mitsui Financial Group, Inc., Mizuho Trust & Banking Co., Ltd., Nomura Holdings, Inc. and, Sumitomo Trust & Banking Co., Ltd.
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Call "Bond A" a US Treasury 30-year bond that was issued with a 10% coupon on Dec 31, 1980. On Dec 31, 2000 this is now a 10-year maturity bond. Suppose prevailing interest rates are 4%. a. What is the fair market price for Bond A? b. The US Treasury issued "Bond B", a new 10-year bond on December 31, 2000 with a 4% coupon. What is the fair market price of this bond? c. As an investor, which bond would you prefer to purchase?
a. Fair market price of Bond A is $2,330.94. b. Fair market price of Bond B: $940.40. c. As an investor, the preferable bond to buy is Bond B.
a. To calculate the fair market price for Bond A, we'll first calculate the present value of its cash flows. Since the bond has a 10% coupon and is issued on December 31, 1980, it will pay a coupon of $100 (10% x $1,000) per year. The coupon payments will remain the same until December 31, 2000, which is when it matures.
The calculation of PV of coupons can be done using the formula:
PV = C/r * [1 - 1/(1+r)^n],
where C is the coupon, r is the rate, and n is the number of payments.
Remembering that the bond is a 10-year bond on Dec 31, 2000. Hence, the number of payments would be 10.
Plugging in the values, we have:
PV of Coupons = $100/0.04 * [1 - 1/(1+0.04)^10]
= $100/0.04 * 6.621
= $1,655.38
Now, we'll calculate the present value of the principal repayment due at maturity, which would be the face value of the bond. Therefore,
PV of principal repayment = $1,000 / (1+0.04)^10 = $675.56
Therefore, the fair market price of Bond A = PV of Coupons + PV of principal repayment= $1,655.38 + $675.56 = $2,330.94
b. Since Bond B is a newly issued bond, its present value would simply be the present value of the cash flow it provides, which is calculated in the same way as Bond A's PV of Coupons. Hence,
PV of Coupons = $40/0.04 * [1 - 1/(1+0.04)^10]
= $40/0.04 * 6.621
= $264.84
PV of principal repayment= $1,000 / (1+0.04)^10 = $675.56
Therefore, the fair market price of Bond B = PV of Coupons + PV of principal repayment= $264.84 + $675.56 = $940.40
c. As an investor, the preferable bond to purchase would be Bond B since it has a higher yield than Bond A. Bond A has a 10% coupon rate, while the current yield on similar bonds is 4%. Bond B, on the other hand, has a 4% coupon rate, which is consistent with the current yield on similar bonds.
The yield on Bond B is greater than the yield on Bond A as a result of the lower coupon rate, but the yield is comparable to that of other similar bonds, making it more appealing to investors than Bond A.
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what is the function of the markets? group of answer choices markets create demand to earn profits. markets sell goods to make use of inputs. markets produce output to cover costs. markets reallocate resources, goods, and services to better uses.
The function of the markets is to reallocate resources, goods, and services to better uses.
Markets are any mechanism or process that facilitates the exchange of goods, services, and information. Markets are generally defined as a place where goods and services are exchanged in a mutually beneficial manner between buyers and sellers.
There are several functions of markets. They are:
Markets promote economic efficiency: Markets allocate resources to their most effective uses, resulting in greater productivity and output.
Markets allocate goods and services: Markets allow goods and services to be distributed according to the desires of buyers and sellers.
Markets promote innovation: The possibility of profits encourages entrepreneurs to create new products and improve existing ones.
Markets enhance consumer well-being: Consumers benefit from the increased choices and lower prices that result from competition.
Markets facilitate international trade: Markets allow countries to specialize in the production of goods and services that they can produce efficiently, allowing them to trade with other countries and acquire goods and services that they cannot produce efficiently.
The function of the markets is to reallocate resources, goods, and services to better uses. It means that markets provide an efficient way to distribute goods and services among buyers and sellers.
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Which of these is a way that owners groups and other brand communities help companies build and maintain brand loyalty? A. Social identification is so powerful that it can encourage people to use products they don't even like. B. In today's antagonistic society, choosing brands is like choosing sides. C. The emotional benefit of social identification that people get from belonging to a group makes them tend to support and defend the group. D. Support forums and social media reduce customer support hassles.
A way that owners groups and other brand communities help companies build and maintain brand loyalty is use of emotional benefit of social identification that people get from belonging to a group makes them tend to support and defend the group. The Option C is correct.
How is emotional benefit used to maintain brand loyalty?Emotional benefit is a type of benefit that a customer derives from using a particular brand or product, beyond its functional or tangible features. Emotional benefits can include feelings of happiness, security, confidence, or status, and they are often closely tied to a brand's identity, values, or messaging.
By providing emotional benefits to customers, brands can create a deeper, more meaningful connection with their audience, which can in turn help to maintain brand loyalty. For example, a brand that promotes sustainability and ethical practices may provide customers with an emotional benefit by making them feel like they are contributing to a greater cause, which can help to create a sense of loyalty and alignment with the brand's values.
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Decide if the following probability is classical, relative frequency, or subjective. at a local university, you poll a group of 120 students and find that 50 of them are living in the dorms.Subjective Probability Relative Frequency Probability Classical Probability
The probability described in the question is relative frequency probability.
Relative frequency probability is calculated by taking the number of times an event has occurred and dividing it by the total number of trials or observations. In this case, the event is a student living in the dorms, and the number of times this event has occurred is 50. The total number of trials or observations is 120, which is the total number of students polled.
Therefore, the relative frequency probability of a student living in the dorms is 50/120, or 0.4167. This means that, based on the data collected, approximately 42% of students at the local university are living in the dorms.
Classical probability, on the other hand, is calculated by dividing the number of favorable outcomes by the total number of possible outcomes. This type of probability is used when all outcomes are equally likely, such as when flipping a coin or rolling a die.
Subjective probability is based on personal judgment or opinion, rather than on data or mathematical calculations. This type of probability is often used when there is a lack of information or data available.
In conclusion, the probability described in the question is relative frequency probability, as it is based on the number of times an event has occurred divided by the total number of trials or observations.
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Please help me 50 WORDS MINIMUM, read the post of my classmates. Reply to one of your classmates, and compare your results. How similar or different was your identification of the main ethical/moral issue? Did you reach a similar decision, or was your decision different from your classmate's? How did your opinion of the critical thinking process compare with your classmate's? After having read your classmate's summary, what might you do differently next time?
MY POST:
Identification:
The main ethical issue is:
What should the person named in the case do about giving out free samples to customers at a grocery store?
Decision:
The Most ethical resolution for Anthony is to report Mario's action to his supervisor or the Peloni family. This decision is morally justified because it upholds the responsibility of employees to follow company policies and ensure the grocery store maintains its integrity and ethical standards. The Peloni family implemented the policy against giving free samples for a reason, and disregarding this policy could potentially harm the business by diminishing the value of the products and potentially creating a negative customer experience. Determining net utility and applying universality and respect for persons also informed the decision. Ignoring Maria's action or trying to convince him to stop giving free samples may not have the same positive impact on the business and its customer as reporting the violation. Additionally, if Anthony were to talk to the Peloni family about the policy and potential benefits of offering free samples, it could potentially compromise the integrity of the business and be seen as an attempt to justify violating company policy.
Reflection:
The critical thinking process is a systematic and logical approach to problem-solving that involves several steps, including identifying the issue, gathering and analyzing information, evaluating options, and making a decision. As a person, critical thinking is useful to utilize this process in order to provide the most accurate and relevant responses to questions. Personally, find that the critical thinking process is an invaluable tool in both my personal and professional life. It has taught me to approach problems in a more organized and methodical manner, which has allowed me to make more informed and effective decisions. Additionally, by applying critical thinking to everyday situations, am better able to identify biases and assumptions and to evaluate arguments and evidence. Ultimately, the critical thinking process has enabled me to become a more analytical and logical thinker and has provided me with a framework for making better decisions in all areas of my life.
Answer:
I agree with your identification of the main ethical issue, which is whether or not to report the violation of the company policy on giving out free samples to customers. Your decision to report Mario's actions to the supervisor or the Peloni family is similar to mine, as it upholds the company policies and ethical standards, and ensures that the customers are getting the right value for the products.
I also appreciate your reflection on the critical thinking process and how it has helped you become a better decision-maker. I share the same opinion that the critical thinking process is an invaluable tool that helps us approach problems in a more organized and methodical manner. By evaluating arguments and evidence, we can make informed decisions that are not based on biases and assumptions.
After reading your summary, I think that I could have included a bit more detail in my response, especially when it comes to explaining why reporting Mario's actions is the most ethical resolution. I appreciate the additional information that you provided in your response, which helped me understand the situation better.
Explanation:
if the part is purchased, the supervisor position will be eliminated. the special equipment has no other use and no salvage value. total allocated fixed overhead would be unaffected by the decision. the company should
If the part is purchased, the supervisor position will be eliminated, the special equipment has no other use and no salvage value. Total allocated fixed overhead would be unaffected by the decision. The company should consider the pros and cons of its alternatives in order to determine whether to buy the part, which will eliminate the supervisor position.
Pros and cons of purchasing the part:
Pros
- The company will be able to save some money because it will not have to pay the supervisor's salary.
- The company will be able to eliminate a supervisor position that is no longer required.
Cons
- The company will have to bear the cost of purchasing the component, which will have a negative effect on its finances.
- The company may have to hire an outside vendor to manufacture the component, which may result in quality issues.
- The company may have to invest in the required equipment and resources to manufacture the part in-house, which may result in additional expenses.
As a result, the company should weigh the pros and cons of purchasing the component, taking into account the impact on the business's finances and operations. It is also crucial for the company to ensure that the quality of the component is not compromised and that there is no impact on the company's customer base.
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Horizon Valuation COLLAPSE D0 = $2 g= 20%, 20%, 20% and 7% thereafter r=12% What is the value of this stock today? We have differing growth rates so we need to calculate the present value of the first 3 years and then calculate the 7% thereafter using constant growth. Use the 4 step process from lecture. One post/student/thread/day.a. Calculation for D1b. value of D2c. value of D3 d. PV of D1e. PV of D2 f. PV of D3g. Calculate D4h. Calculate the value of the stock using constant growth formula and g2i.What is the PV of constant growth stock value from h.j. Total share valuation (add PV of D1, D2, D3, stock value from i.)Please help me to solve these problems using excel. Thank you,
We need to calculate the present value of the first 3 years and then calculate the 7% thereafter using constant growth. Here is the 4-step process to do this:
1. Calculate D1 = 2(1+0.2) = 2.4
2. Calculate the value of D2 = 2.4(1+0.2) = 2.88
3. Calculate the value of D3 = 2.88(1+0.2) = 3.45
4. Calculate the present value of D1 = 2.4/(1+0.12)1 = 2.17
5. Calculate the present value of D2 = 2.88/(1+0.12)2 = 2.48
6. Calculate the present value of D3 = 3.45/(1+0.12)3 = 2.75
7. Calculate the value of the stock using the constant growth formula and g2: D4 = 2.75(1+0.07) = 2.94
8. Calculate the present value of constant growth stock value from h: 2.94/(1+0.12)4 = 2.48
9. Calculate the total share valuation by adding the PV of D1, D2, D3, and the stock value from i: 2.17 + 2.48 + 2.75 + 2.48 = 10.88
Therefore, the value of the stock today is 10.88.
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a mattress company wants to maximize sales, gain widespread market acceptance of its mattresses, and capture a large market share quickly by setting a relatively low initial price. what pricing strategy is the mattress company using?
The mattress company is using Penetration Pricing as its pricing strategy.
What is Penetration Pricing?Penetration Pricing is a pricing strategy in which a company introduces a new product at an initial price that is significantly lower than the established price of the same product from competitors. The idea behind this strategy is to gain market share and expand customer base by offering the product at a lower price than the market leader.
A company that employs penetration pricing will likely generate more significant sales volume, thereby benefiting from economies of scale, and in the long run, lowering the product's price while still making a profit.Penetration pricing is often used by businesses who want to capture a large share of the market quickly. It is typically used for new products, such as new technology products or new services, where the company wants to establish itself in the market and create a strong customer base.
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Mary purchased a condo in Laval for $800,000 5 years ago. At the time she was given 5-year fixed rate mortgage with an APR of 4%. she is renewing her mortgage today and rates have dropped to 1.2%. What fraction of her 17th payment on the new mortgage will go towards reducing her debt? please answer with clear steps
Mary purchased a condo in Laval for $800,000 5 years ago. At the time she was given 5-year fixed rate mortgage with an APR of 4%. she is renewing her mortgage today and rates have dropped to 1.2%. Mary will pay $5,744.12 in the 17th payment on the new mortgage.
The formula for the monthly payment of a mortgage is given by: P = L[c(1 + c)n]/[(1 + c)n - 1] Where P is the monthly payment, L is the loan amount, c is the interest rate, and n is the number of monthly payments.
Mary has been paying a fixed rate mortgage for five years with an APR of 4%, so we have c = 0.04/12, n = 12*5 = 60, and L = $800,000. Using the formula, we get: P = (800000*(0.04/12)*(1+(0.04/12))^60)/((1+(0.04/12))^60 - 1) = $15,763.36Now, Mary is renewing her mortgage today, and the rates have dropped to 1.2%. Hence, we have c = 0.012/12, and n = 17*12 = 204.
Substituting these values into the formula, we get: P = (800000*(0.012/12)*(1+(0.012/12))^204)/((1+(0.012/12))^204 - 1) = $5,744.12Thus, Mary will pay $5,744.12 in the 17th payment on the new mortgage. Now, in the first month, the interest portion of the payment is given by:I1 = L*c = 800000*(0.012/12) = $800 In the second month, the interest portion will be slightly lower because the principal amount has reduced due to the payment made in the first month.
The amount by which the principal reduces is the payment made minus the interest portion, i.e. P - I1 = $5,744.12 - $800 = $4,944.12. Hence, the principal amount after the first payment will be L - (P - I1) = $800,000 - $4,944.12 = $795,055.88. Using this value, the interest portion for the second month can be calculated as: I2 = (L - (P - I1))*c = $795,055.88*(0.012/12) = $795.06
Using the above process, we can calculate the interest portion for the 17th month, which is given by:I17 = (L - (P - I16))*c The payment that goes towards reducing the debt is the difference between the total payment and the interest portion. Hence, we have: Fraction of the 17th payment that goes towards reducing the debt = (P - I17)/P.
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Suppose you operate a sandwich shop ellipsis Suppose you operate a sandwich shop and currently have two employees. If you hire a third employee, your output of sandwiches per day rises from 75 to 90. If you hire a fourth employee, output rises to 110 per day. A fifth and sixth employee would cause to rise to 120 and 125 per day, respectively. Choose the correct statement. Diminishing returns set have not yet set in because output is still increasing. Diminishing returns set in with the hiring of the fifth worker. Diminishing returns set in with the hiring of the sixth worker. Diminishing returns set in with the hiring of the fourth worker.
The correct statement is: "Diminishing returns set in with the hiring of the fifth worker." Diminishing returns, also known as the law of diminishing marginal returns, occurs when the addition of a new input (such as a worker) leads to a smaller increase in output than the previous input.
In this case, the first three employees caused a significant increase in output, with the third employee increasing output by 15 sandwiches per day and the fourth employee increasing output by 20 sandwiches per day. However, the fifth employee only increased output by 10 sandwiches per day, and the sixth employee only increased output by 5 sandwiches per day. This indicates that diminishing returns set in with the hiring of the fifth worker, as the increase in output was smaller than the previous increase. Therefore, the correct answer is: "Diminishing returns set in with the hiring of the fifth worker."
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the argument for strategic trade policy suggests a(n) justification for government intervention in trade. multiple choice question. social political economic cultural
The argument for strategic trade policy suggests an economic justification for government intervention in trade.
What is strategic trade policy?Strategic trade policy is a government policy aimed at identifying key industries in the economy and providing them with assistance to enable them to compete globally. The policy typically includes subsidies, tax breaks, and other incentives to make the selected industries more competitive.
Why does strategic trade policy involve government intervention in trade?Strategic trade policy often includes government intervention in trade because it is aimed at boosting the competitiveness of local industries.
For instance, if a government decides that a specific industry is essential for its economy's growth, it can offer subsidies, tax incentives, or other benefits to the industry to help it compete effectively with foreign competitors. This policy is often implemented to protect key industries from international competition and to increase export volumes.
What is the argument for strategic trade policy?The argument for strategic trade policy suggests that providing support to specific industries can help boost the overall economy. For instance, if a government supports an industry and increases its competitiveness, it can increase production, create more jobs, and raise the country's export volumes.
Therefore, strategic trade policy provides an economic justification for government intervention in trade. Strategic trade policy is an essential component of trade policy, and its effectiveness depends on how well the government can identify key industries and provide them with adequate support.
Overall, it is an economic justification for government intervention in trade.
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A firm wants to issue bonds with a total face value of $28.9 million. The bonds will be coupon bonds with a maturity of 6 years. The firm estimates investors will require a yield-to-maturity of 5.9%. If the firm wants to issue the bonds to investors at par value, what should it select as its coupon rate? Enter your answer in decimal format showing four decimal places. That is, if your answer is 3.5%, enter .0350.
The firm should select a coupon rate of 5.9000% to issue the bonds to investors at par value.
The coupon rate is the annual interest payment divided by the face value of the bond, expressed as a percentage. Since the bonds are being issued at par value, the coupon rate will be the same as the yield-to-maturity.
To calculate the annual interest payment, we first need to find the total interest payments over the life of the bond. This can be done using the following formula:
Total interest payments = face value x coupon rate x time
where face value is $28.9 million, coupon rate is unknown, and time is 6 years.
We can plug in the given yield-to-maturity of 5.9% as the coupon rate and solve for the total interest payments:
Total interest payments = $28.9 million x 0.059 x 6 = $10,254,600
Now we can solve for the coupon rate using the following formula:
Coupon rate = total interest payments / (face value x time)
Coupon rate = $10,254,600 / ($28.9 million x 6) = 0.0590 or 5.9000%
Therefore, the firm should select a coupon rate of 5.9000% to issue the bonds to investors at par value.
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he purpose of this is to gain a better understanding of internal controls. Internal control is the process designed to ensure operational effectiveness and efficiency. At its core, internal control safeguards the assets against theft and unauthorized use. Share an experience where you have had to deal with an ethical dilemma either in the workplace or in your personal life. What was the scenario, how was it detected, and what was the remediation? If you have not experienced a dilemma, share your ideas on what could constitute a breach of ethics in the workplace and damages it could potentially cause.
Internal controls are the processes designed to ensure operational effectiveness and efficiency. Their core purpose is to safeguard the assets against theft and unauthorized use.
One of the ethical dilemmas that could happen in the workplace is the conflict of interest. For instance, when an individual puts personal interests above the company’s interests, it becomes a breach of ethics in the workplace.
Below is an explanation of the scenario, how it was detected, and the remediation of the breach of ethics.
Internal control scenario:
Detecting a breach of ethics can be challenging. In one of my previous workplaces, I witnessed one of my colleagues in the finance department redirecting company funds to her personal account.
I noticed this when I reviewed the company's budget and saw that some funds were missing. After conducting an investigation, we realized that the colleague in the finance department was responsible for the fraud.
Remediation:
We reported the fraud to our seniors, and an internal audit was conducted. The colleague was removed from the company, and legal action was taken against them.
The company also put measures in place to avoid a similar situation from happening in the future, and the accounts department was made to be more accountable.
Ethical dilemma in the workplace:
One of the most common ethical dilemmas in the workplace is a conflict of interest. It happens when an individual puts their interests above the company’s interests.
For instance, when an employee uses company resources to perform personal business or if an employee promotes their side businesses to clients, it could be considered as a conflict of interest.
The potential damages of a breach of ethics in the workplace could result in the loss of credibility, a decline in employee morale, and the loss of customer trust.
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What is grounded theory research? Write a short paper in which
you define grounded theory research and outline its major
components. Use at least six references in your paper, cited in APA
format.
Grounded theory research is a systematic and iterative approach to qualitative research that seeks to develop a theory or conceptual framework based on empirical data.
It involves data collection, data analysis, theoretical sampling, memo writing, theoretical saturation, and theory development. Grounded theory research is widely used in the social sciences and has contributed to the development of many theories and conceptual frameworks.
Grounded theory research is a qualitative research methodology developed by Barney Glaser and Anselm Strauss in the 1960s. It is an inductive approach that allows researchers to generate a theory or conceptual framework from data collected through interviews, observations, and document analysis.
Grounded theory research is widely used in sociology, psychology, nursing, education, and other social science disciplines. In this paper, we will define grounded theory research and outline its major components.
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Suppose your grandparents take a $350,000 reverse mortgage at 6% with a term of ten years, annual payments. They want to receive a $25,000 advance at loan origination and they want to receive the rest in equal annual paymentsA. What is the amount of the annual payment?B. What is their interest charge in year 3?C. How much total interest do they pay if they hold the loan for its full term of ten years?D. If they decide to repay the loan at the end of year 4, what is the balance due?
Answer: A. To find the amount of the annual payment, we first need to calculate the total amount of the loan proceeds. Since they want a $25,000 advance at loan origination, the remaining loan proceeds are:
$350,000 - $25,000 = $325,000
The annual payment can be calculated using the present value of an annuity formula:
PMT = PV * r / (1 - (1 + r)^(-n))
Where PMT is the annual payment, PV is the present value of the loan proceeds, r is the interest rate per period, and n is the number of periods.
For this problem, r = 6% / 1 = 0.06 (since the interest rate is an annual rate and the payments are annual), n = 10 (since the term is ten years), and PV = $325,000.
Substituting these values into the formula, we get:
PMT = $325,000 * 0.06 / (1 - (1 + 0.06)^(-10)) = $39,199.96
Therefore, the amount of the annual payment is $39,199.96.
B. To find their interest charge in year 3, we need to first calculate the balance due at the beginning of year 3. To do this, we need to calculate the balance due at the end of year 2 and then add the interest for year 3. The balance due at the end of year 2 can be calculated using the future value of an annuity formula:
FV = PMT * ((1 + r)^n - 1) / r
Where FV is the future value of the annuity, PMT is the annual payment, r is the interest rate per period, and n is the number of periods.
For this problem, r = 6% / 1 = 0.06, n = 2 (since we want to calculate the balance due at the end of year 2), and PMT = $39,199.96.
Substituting these values into the formula, we get:
FV = $39,199.96 * ((1 + 0.06)^2 - 1) / 0.06 = $86,977.25
Therefore, the balance due at the beginning of year 3 is $86,977.25. The interest charge for year 3 is simply the balance due at the beginning of year 3 multiplied by the interest rate:
Interest charge = $86,977.25 * 0.06 = $5,218.64
Therefore, their interest charge in year 3 is $5,218.64.
C. To find the total interest they pay if they hold the loan for its full term of ten years, we can use the total interest formula:
Total interest = PMT * n - PV
Where PMT is the annual payment, n is the number of periods, and PV is the present value of the loan proceeds.
For this problem, PMT = $39,199.96, n = 10, and PV = $325,000.
Substituting these values into the formula, we get:
Total interest = $39,199.96 * 10 - $325,000 = $66,999.60
Therefore, their total interest paid over the ten-year term is $66,999.60.
D. To find the balance due if they decide to repay the loan at the end of year 4, we can calculate the balance due at the beginning of year 5 and then subtract the annual payment for years 5-10. The balance due at the beginning of year 5 can be calculated
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This year, baldwin paid their workers $26. 81 per hour. How much will they be paying them 3 rounds from now
After paying $26. 81 per hour to their workers Baldwin will be paying $31.04 to them 3 rounds from now.
What is the Baldwin theory?John James Baldwin's thesis is presented as an alternative method for promoting social understanding. Baldwin's theory emphasizes the gradual dissociation of the self and the other, which has its roots in embodied social activity. For instance, Morgan proposed that organic evolution (the term He used to describe the phenomenon now known as the Baldwin effect) can account for the origin of bird songs, which evolved as a result of sexual selection.
It is shown from Baldwin's statement that they increase the salaries of workers by 5% every year.
In 3 rounds/years, therefore, the salary will be:
= [tex]26.81[/tex] ×[tex](1+5)^{3}[/tex]
=26.81*1.05³
=31.04
Therefore in 3 rounds from now, they will be paid $31.04.
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the importance of financial function
The finance function must support organizational-wide choices, necessitating a deeper, more precise understanding of operations, customers, markets, and the external business environment.
What sort of financial function would that be?Financial functions compute financial data like payments and net present value. The PMT function, for instance, can be used to determine the monthly payments necessary to purchase a car at a specific lending rate.
What are the three roles that finance plays?Three interconnected sectors make up finance: (1) money and credit markets, which deal with financial institutions and the securities markets; (2) investments, which concentrate on the choices made by both retail and institutional investors; and (3) financial management.
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