Answer:
The answer is D, the grievance is brought before a court which decides the case.
Explanation:
A grievance procedure is a process adopted within an organisation for the purpose of resolving conflicts. Most of the time, it is meant to resolve conflict between individuals of lower cadre or hierarchy in an organisation and people in the top management position.
There are about six different procedure in the grievance process and taking a grievance to the court to decide on a case is not one of them. However, it is worthy to note that when all necessary grievance procedure have been utilized and there seem not to be a resolution in sight, a third part arbitrator in invited into the scene which mostly is between high management personnel.
In the union or labor grievance process, an issue is not typically brought before a court as a standard step. The process usually entails discussing the grievance with a union or management rep, submitting a formal written complaint if it's deemed valid, and attempting to resolve the issue through discussions between union and management representatives.
Explanation:The fourth option, 'The grievance is brought before a court, which decides the case', is not typically a step in a traditional labor grievance process.
Typically, the grievance process within a labor or union environment follows these general stages:
The employee discusses the issue with a union rep/steward or reports directly to a supervisor. This step ensures that the grievance is properly identified and understood.If the union representative and the employee agree the grievance has merit, a formal written grievance is submitted. This step formalizes the complaint or issue.The union representative and a management representative may attempt to resolve the grievance through discussion and negotiation. This is often the final step, with the hope of resolution.While it's possible that a grievance could eventually end up in court if it's not resolved, this is typically a last resort and not a standard step in the grievance process.
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A firm using the perpetual inventory method returned defective merchandise costing P2,000 to one of its suppliers. The entry to record this transaction will include a debit to a. Accounts Receivable. b. Inventory. c. Purchase Returns and Allowances. d. Accounts Payable.
Answer:
Correct option is (d)
Explanation:
Purchase returns is a contra account which is related to purchases. Some part of purchases are returned due to many reasons such as receipt of defective goods or goods are not needed anymore. In such cases, a contra journal entry is passed in the books of both supplier and purchaser.
Following entry is passed in the books of the purchaser if goods were purchased on account:
Particulars Debit Credit
Accounts payable P2,000
Purchase returns and P2,000
allowances
(To record purchase returns)
The initial entry passed when purchases were made was"
Particulars Debit Credit
Purchases P2,000
Accounts payable P2,000
(To record purchases made
on account)
The above is reversed when purchases are returned.
So, the firm will debit accounts payable.
Misty Cumbie worked as a waitress at the Vita Café in Portland, Oregon. The café was owned and operated by Woody Woo, Inc. Woody Woo paid its servers an hourly wage that was higher than the state’s minimum wage (which was higher than the federal minimum wage), but the servers were required to contribute their tips to a "tip pool." Approximately one-third of the tip-pool funds went to the servers, and the rest was distributed to kitchen staff members, who otherwise are not considered tipped employees. Misty sued the employer and alleged that the tip-pooling arrangement violated the minimum wage provisions of the Fair Labor Standards Act. Does it? Explain.
1. The Fair Labor Standards Act is involved in this case, because the case involved questions about the: minimum wage,
maximum hours.
2. The minimum wage can be changed by: Congress, the Department of Labor, the Fair Labor Standards Board
3. States: are, are not allowed to establish a: higher, lower wage than the federal minimum wage.
4. If a state minimum wage is higher than the federal minimum wage, an employee must receive: the state minimum wage,
the federal minimum wage
5. The government can establish a lower minimum wage for employees who make tips, but all employees are: entitled,not entitled to receive at least the minimum wage.
6. If an employee who makes tips earns less than the minimum wage, the employer: is, is not required to make up the difference so that the employee makes at least minimum wage.
7. In this case, the servers earned a wage: higher, the same as, lower than the state minimum wage, which was: higher,
the same as, lower than the federal minimum wage.
8. If the servers donate all of their tips to the "tip pool" and don’t receive any back, they: do, do not earn at least the minimum wage.
9. If the servers donate all of their tips to the "tip pool" and receive a portion of those back, they earn: more than, the same as, less than the minimum wage.
10. In this case, the court likely will find for: Woody Woo, Inc., Misty Cumbie, kitchen staff members
11. WHAT IF THE FACTS WERE DIFFERENT?
Assume Woody Woo decided to pay its servers and kitchen staff the legal minimum wage for a tipped employee (which is less than the required state minimum wage) plus tips received from the tip-pool funds. Under the Fair Labor Standards Act, employers can require employees to pool their tips for "redistribution" among tipped employees to ensure that all tipped employees make at least the minimum wage and are treated fairly.
If Woody Woo, Inc. pays the lower salary plus tips and then creates a tip pool where the servers’ tips are split among the servers and kitchen staff, this: does not violate, violates the FLSA.
12. With these facts, the court most likely would find for: Woody Woo, Inc., Misty Cumbie, kitchen staff members
To add on...here is a good article concerning Restaurant Tip Pooling + Tip Sharing Best Practices & Laws by state:
https://medium.com/@hello_5766/the-new-tip-pooling-laws-for-restaurants-what-you-need-to-know-in-2018-fec8e898b522
(Note: If you are using Excel (or Pen & Paper) for Restaurant Tips Distribution, check out https://tipmetric.com/ to learn how to automate the process, eliminate mistakes & save time processing payroll)
Marlow Company purchased a point of sale system on January 1 for $7,000. This system has a useful life of 5 years and a salvage value of $1,200. What would be the depreciation expense for the second year of its useful life using the double-declining-balance method?
Answer:
$1,680
Explanation:
Data provided in the question:
Purchasing cost = $7,000
Useful life = 5 years
Salvage value = $1,200
Now,
Rate of depreciation using double declining method
= 2 × [ 1 ÷ Useful life ]
= 2 × [ 1 ÷ 5 ]
= 0.4
Therefore,
Depreciation expense for the year 1 = Rate of depreciation × Purchase cost
= 0.4 × $7,000
= $2,800
Thus,
Book value for the year 2 = cost - Depreciation expense for the year 1
= $7,000 - $2,800
= $4,200
Thus,
Depreciation expense for the year 2
= Rate of depreciation × Book value for the year 2
= 0.4 × $4,200
= $1,680
To calculate the second year's depreciation expense using the double-declining-balance method, double the straight-line rate (40%) and apply it to the book value at the beginning of the second year ($4,200). This results in a depreciation expense of $1,680 for the second year.
Calculating Depreciation Using Double-Declining-Balance Method
To calculate the depreciation expense for the second year using the double-declining-balance method for Marlow Company's point of sale system, we first need to determine the depreciation rate. The double-declining-balance method involves doubling the straight-line depreciation rate. Since the point of sale system has a useful life of 5 years, the straight-line depreciation rate is 1 / 5, or 20%. Accordingly, the double-declining rate is 40%.
Next, we calculate the second year's depreciation. In the first year, the depreciation would be 40% of $7,000, which equals $2,800. The book value at the end of the first year would then be the original cost minus the first year's depreciation ($7,000 - $2,800 = $4,200). For the second year, we again apply the 40% rate, but this time to the book value at the beginning of the second year, which is $4,200. The second year's depreciation would therefore be 40% of $4,200, or $1,680.
It is important to note that the salvage value is not considered in the annual calculation of depreciation expense using the double-declining method until the book value reaches the salvage value. At that point, depreciation stops to ensure that the book value does not fall below the salvage value.
in a mass production of machining the cutting speeds are 100,200, 300 ft./minute and the corresponding production rates (P) are 8,12 and 10 parts per hour respectively. Calculate the best cutting speed and the corresponding maximum number of parts per hour
Answer:
The best production speed = 300ft/minute
18000/10 = 1800ft/part hr
Explanation:
Cut Speed A = 100ft/minute
Cut speed B = 200ft/minute
Cut speed C = 300ft/minute
Since 60 minutes = 1 hour
Machine works for one hour
Total length with cut for speed A = 60* 100 = 6000ft
Total length with cut speed B = 200 *60 = 12000ft
Total length with cut speed C = 300 * 60 = 18000ft
Number of 8 part in length A = 6000/8 = 750ft/part hr
Number of 12 parts in length B = 12000/12 = 1000ft/part hr
Number of 10 parts in length C =
18000/10 = 1800ft/part hr
According to the chart, which country has an absolute advantage over the other countries in oil production?A. BrazilB. MexicoC. ArgentinaD. United States
The country that has an absolute advantage over the other countries in oil production is D. United States.
The United States has an absolute advantage in oil production compared to the other three countries. An absolute advantage is when a country can produce a good or service using fewer resources than any other country. The United States has an absolute advantage in oil production based on the number of worker hours required.
So, In this case, the United States can produce one unit of oil using only 6 worker hours, while the other countries all require more worker hours to produce the same amount of oil. For example, it takes Argentina 10 worker hours to produce one unit of oil, which is almost twice as long as the United States.
Last year, Joan bought 50 pounds of hamburger when her household income was $40,000. This year, her household income was only $30,000 and Joan bought 60 pounds of hamburger. Holding everything else constant, Joan's income elasticity of demand for hamburger is ____ .a) positive, so joan considers hamburger to be an inferior good.b) negative, so joan considers hamburger to be an inferior good.c) negative, so joan considers hamburger to be a normal good.
Answer:
The answer is b) negative, so Joan considers hamburger to be an inferior good.
Explanation:
Le re-visit the concepts of inferior goods and normal goods before we applying them to answer the questions.
* Inferior goods are goods whose demand increases when consumer's incomes declines which is because these goods are considered to be more affordable, yet, more economical than normal goods.
* Normal good offers more values/pleasures than inferior goods. As a result, once consumers incomes increases, demand for normal goods will be increased subsequently.
In the question, Joan income has decreased and her hamburger demand has decreased. This can be interpreted as hamburger is a inferior goods which is cheaper and thus Joan substitutes hamburger for other normal goods ( such as pizza, proper meal at local food stall).
As a result, b is the correct answer.
The question is about elasticity of demand
Joan bought 50 pounds of Hamburger when her household income was $40,000
While she bought 60 pounds of Hamburger when her household income was $30,000.
This pattern suggests that Joan considers Hamburger a necessity and increasing the consumption even when her household income is reducing
Hamburger is an inferior good but Joan is taking an inverse i.e negative effect.
Therefore the correct answer to the given question is B. Negative, so Joan considers hamburger to be an inferior good.
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The positively-sloped part of the long-run average total cost curve is due to which of the following?
a) Diseconomies of scale
b) Diminishing returns
c) The firm being able to take advantage of large-scale production techniques as it expands its output
d) The increase in productivity that results from specialization
Answer:
a) Diseconomies of scale
Explanation:
As output increases, the overall increase in unit cost is increased.This concept is know as Diseconomies of scale.These are often a result of managers/ staff losing control/ motivation as production gets greater. There can also be strains on local infrastructure which come with scale.
Generally the average total cost curve is negatively- sloped which means that the total average cost decreases when the production decreases thus decreasing the overall unit cost but in long run the average total cost curve become positively sloped due to diseconomies of scale, which means that total average cost increases with increase in the production as a result of which overall unit cost is increased.
so the answer is a) Diseconomies of scale
Every day during lunch, customers of the Tran Asian restaurant flock to the restaurant. Tran cannot afford to build a larger facility. To spread out demand, Tran should consider:
a. serving food in lesser quantities to encourage customers to eat more quickly.
b. charging a higher price for its cuisine to cut down the number of the customers.
c. prohibiting more customers from entering the restaurant once the seating capacity is full.
d. offering customers an incentive to come to the restaurant during off-peak hours.
Answer:
Correct option is (d)
Explanation:
It is observed that Tran Asian restaurant is flooded with customers during lunch and rest of the time it is not that crowded. So, adding more space is not a viable option since restaurant is crowded only during lunch hours. Cost would be more than revenue in this case. Serving less food will not increase customer satisfaction. It might lose existing customers in this case.
Charging higher price is not an appropriate strategy as it will again lose customers this way. The only appropriate strategy is offering incentive to the customers to visit restaurant at off-peak hours in the form of reduced prices or special offers. This will increase revenue as well as fully utilize existing capacity.
Suppose the price of tires increases from $70 per tire to $80. In response, the quantity of tires supplied increases from 35 comma 000 to 45 comma 000 tires. What is the price elasticity of supply for tires?
Answer:
1.875
Explanation:
Data provided in the question:
Initial price, P₁ = $70
Final price, P₂ = $80
Initial supply quantity = $35,000
Final supply quantity = $45,000
Now,
Price elasticity of supply for tires = [tex]\frac{(\frac{Q_2-Q_1}{\frac{Q_2+Q_1}{2}})}{(\frac{P_2-P_1}{\frac{P_2+P_1}{2}})}[/tex]
on substituting the respective values, we get
Price elasticity of supply for tires = [tex]\frac{(\frac{45,000-35,000}{\frac{45,000+35,000}{2}})}{(\frac{80-70}{\frac{80+70}{2}})}[/tex]
or
Price elasticity of supply for tires = [tex]\frac{\frac{10,000}{\frac{80,000}{2}}}{\frac{10}{\frac{150}{2}}}[/tex]
or
Price elasticity of supply for tires = [ 0.25 ÷ 0.1333 ]
= 1.875
The price elasticity of supply for tires is calculated to be approximately 1.81, indicating that the supply for tires is elastic, meaning quantity supplied changes significantly with price changes.
Explanation:The question at hand is asking to calculate the price elasticity of supply for tires based on given changes in the price and quantity supplied. To do this, we use the formula: Price Elasticity of Supply (PES) = (% Change in Quantity Supplied) / (% Change in Price).
First, find the percentage change in the quantity supplied: [(45,000 - 35,000) / ((45,000 + 35,000) / 2)] × 100 = 25%. Then, calculate the percentage change in price: [($80 - $70) / (($80 + $70) / 2)] × 100 = approximately 13.79%. Now, divide the percentage change in quantity supplied by the percentage change in price: 25% / 13.79% ≈ 1.81.
Therefore, the price elasticity of supply for tires is approximately 1.81, indicating an elastic supply curve where the quantity supplied is responsive to changes in price.
Obtain the relevant authoritative literature on accounting for accounts receivable using the fasb's codification research system at the fasb website (www.fasb.org). what is the specific citation that describes the information about loans and trade receivables that is to be disclosed in the summary of significant accounting policies
Answer:
FASB: Financial Accounting Standards Board (FASB) is the board that governs GAAP by setting guidelines for financial accounting.
Explanation:
Requirement 1:
The specific citation that specifies these disclosure policies is FASB ACS 310-10-50-9: "Receivables—Overall—Disclosure—Accounting Policies for Credit Losses and Doubtful Accounts."
Requirement 2:
FASB ACS 310-10-50-9 — Disclosures:
"In addition to disclosures required by this Subsection and Subtopic 450-20, an entity shall disclose a description of the accounting policies and methodology the entity used to estimate its allowance for loan losses, allowance for doubtful accounts, and any liability for off-balance-sheet credit losses and related charges for loan, trade receivable or other credit losses in the notes to
The financial statements. Such a description shall identify the factors that influenced management's judgment (for example, historical losses and existing economic conditions) and may also include discussion of risk elements relevant to particular categories of financial instruments."
How has the number of farms in the United States changed over the past few decades?
Answer:
The number of farms in the United States have decreased over the past few decades.
Explanation:
The number of farms in the United States has reduced greatly over the past decades due to the inability of most farmers to keep the farm operations going. This is as a result of cuts in funding from states to farmers which left most farmers struggling and ultimately packing up the farm.
cheers.
Coronado Company purchased land for $80,000. The company also paid $12,000 in accrued taxes on the property, incurred $5,000 to remove an old building, and received $2,000 from the salvage of the old building. At what amount will the land be recorded in the accounting records
Final answer:
The land will be recorded in the accounting records at $95,000, which is calculated by adding the purchase price, accrued taxes, and removal costs, and then subtracting the salvage revenue received.
Explanation:
The amount at which the land will be recorded in the accounting records is based on the total costs incurred to prepare the land for its intended use. The land will be recorded by adding the purchase price of the land ($80,000) to the accrued taxes paid ($12,000) and to the costs incurred ($5,000) to remove the old building. From this total cost, we deduct the amount received from the salvage of the old building ($2,000).
The calculation can be summarized as follows:
Purchase price of the land: $80,000
+ Accrued taxes paid: $12,000
+ Cost to remove building: $5,000
- Salvage received: $2,000
Total recorded amount: $95,000
"The __________ provision specifies what an insured must do, if a policy has lapsed, in order to put it back in force."
Answer:
The correct answer is Reinstatement.
Explanation:
The Reinstatement provision specifies what an insured must do, if a policy has lapsed, in order to put it back in force.
A reinstatement clause is a clause in insurance policy which grants the policy owner the right to reinstate a lapsed policy for specified reasons, such as non-payment of premiums, by furnishing satisfactory evidence of insurability and paying all unpaid premiums.which grants the policy owner the right to reinstate a lapsed policy for specified reasons, such as non-payment of premiums, by furnishing satisfactory evidence of insurability and paying all unpaid premiums.
The reinstatement provision in insurance contracts specifies the steps a policy holder must take to put a lapsed policy back into effect, typically involving repayment of overdue premiums, proof of insurability, and sometimes interest payments.
Explanation:The reinstatement provision specifies what an insured must do, if a policy has lapsed, in order to put it back in force. To regain the coverage, the policy holder must pay all overdue premiums, provide proof of insurability, and may be required to pay interest on the unpaid premium. This is an important provision in insurance contracts, helping to protect both the insurance company and the policy holder. The reinstatement provision in insurance contracts specifies the steps a policy holder must take to put a lapsed policy back into effect, typically involving repayment of overdue premiums, proof of insurability, and sometimes interest payments.
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During recessions investment
a. falls by about the same percentage as GDP.
b. falls by a smaller percentage than GDP.
c. falls by a larger percentage than GDP.
d. falls but the percentage change is sometimes much larger and sometimes much smaller.
During recessions investment falls by a smaller percentage than GDP.
Answer: Option B
Explanation:
GDP is the gross domestic product of the country which talks about the growth rate of the country. During the time of recession in the trade cycle, the GDP of a country falls down.
The recession also sees the falling down of the demand, income, investment and so on. But during the time of recession, the fall in investment by the citizens of the country in various assets is less than the fall in the GDP of the country.
A company that sells dairy products purchases large quantities of milk from the local dairy farms. Since the quantity purchased is very high, the company is able to demand and get price concessions from the dairy farms. The company prices its dairy products at a lower rate than its competitors. The greater quantity of products sold compensates for the low price. This is an example of
Answer: Economics of scale
Explanation:
The economics of scale is one of the advantage of the cost which typically measure the total output produced by the the given operation. With the increase in the economics of scale then the per unit cost of the output gets automatically decreases.
The main goals of this economics of scale is that it developed various types of unique goods and the services so that they can attract the consumers for increase the productivity in an organization.
According to the question, the economics of scale is one of the example of given situation in which the companies start selling the products in large quantity for compensating the low prices products.
Therefore, Economics of scale is the correct answer.
A tax rate on a building with a $530,000 taxable value is 4.5 mills per thousand dollars of assessed valuation. What is the annual tax liability?
A: $23,850
B: $1,590
C: $2,385
D: $15,900
Answer:
C: $2,385
Explanation:
A tax liability by definition is basically known as debt owed by a corporation or an individual to a tax authority like the Internal Revenue Service(IRS). To solve this question, set it up like this;
If $1,000 pays 4.5mills in taxable value, then 530,000 would pay how much?
If $1000 = 4.5
then tax liability on $530,000 would be= (530,000 *4.5) / 1,000
= 2,385,000/ 1000
= $2,385
Pauline wants to develop a line of flatware and pottery. She is experimenting with various names and symbols to develop a trademark. Pauline's three-year-old daughter tells a neighbor that "mommy makes Fatware and Potty." Pauline laughs so hard that she decides to design a trademark of a large, obese, pink pig sitting on a toilet, with the letters FP (initials for the term Fat-Potty) written underneath the pig.
What is the best argument that Pauline's trademark is valid?
a. The mark is fanciful.
b. The mark is arbitrary.
c. The mark has a secondary meaning.
d. The mark is suggestive
Adelle is a department manager at a large corporation. She has made a conscious choice to lead in ways that enrich the lives of her subordinates, to help them develop and perform to their greatest capacity. Adelle’s attitudes and behaviors are most consistent with which stage of moral development?
Answer:
Adelle’s attitudes and behaviors are most consistent with the post-conventional stage of moral development.
Explanation:
According to Kohlberg's theory of moral development, there are three stages of moral development. They are the pre-conventional, conventional and post-conventional stages.
Adelle's behavior is consistent with the post-conventional stage. In this stage a person develops his/her own sense of morality and make conscious decisions, not just relying on what the society believes to be right or wrong.
A government has the following liabilities at the end of the year:
General obligation bonds $1,500,000
Compensated absences 120,000
Salaries payable 40,000
What amount of liabilities should be reported in the governmental activities column of the
government-wide statement of net position?
A. $40,000
B. $160,000
C. $1,540,000
D. $1,660,000
Answer:
option (D) $1,660,000
Explanation:
Data provided in the question:
General obligation bonds = $1,500,000
Compensated absences = $120,000
Salaries payable = $40,000
Now,
The amount of liabilities that should be reported in the governmental activities column of the government-wide statement of net position
= General obligation bonds + Compensated absences + Salaries payable
= $1,500,000 + $120,000 + $40,000
= $1,660,000
Hence,
The answer is option (D) $1,660,000
Ordinary and necessary business expenses are deductible only to the extent they are also reasonable in amount.
Answer:
True
Explanation:
According to the IRS:
ordinary expenses are expenses that are common and accepted in a company's trade or industry.necessary expenses are expenses that help your company carry on its normal business.Tax deductible expenses must be ordinary, necessary, and reasonable.
Ordinary and necessary business expenses are deductible only to the extent they are also reasonable in amount. Here option A is correct.
In the realm of taxation, the principle that ordinary and necessary business expenses are deductible to the extent that they are also reasonable in amount holds true.
This concept is rooted in the idea that businesses should be allowed to deduct expenses incurred in the normal course of operations that are deemed essential and appropriate.
The Internal Revenue Service (IRS) defines ordinary expenses as those that are common and accepted in a specific trade or business, while necessary expenses are considered helpful and appropriate.
However, the reasonableness of the amount is a critical factor. The IRS expects businesses to exercise prudence and avoid excessive or extravagant expenditures. Deductions for business expenses must align with industry norms and the specific needs of the business.
If an expense is deemed excessive or unreasonable, it may be disallowed. This principle underscores the balance between allowing businesses to offset income with legitimate expenses and preventing abuse of the tax system through inflated or unjustifiable deductions. Here option A is correct.
Complete question:
Ordinary and necessary business expenses are deductible only to the extent they are also reasonable in amount.
A - True
B - False
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New real estate disclosure regulations require sellers and their agents to tell prospective buyers about any existing problems with the property. Previously, they were expected only to answer buyers' questions. The new regulation addressed the marketing ethical problem of
A. deceptive pricing tactics.
B. misleading advertising.
C. withholding information.
D. high-pressure sales techniques.
Answer: (C) Withholding information
Explanation:
The withholding information is one of the type of holding information in which we easily hold the various types of data or information deliberately in order to showing more power as compared to others.
According to the question, the agent of the real estate are withholding the data or information from the buyers and the various types of new regulations are addressing to the specific withholding information ethical problem in the market.
Therefore, Option (C) is correct.
The correct answer is C. withholding information.
Earlier the real estate agent could withhold information from buyer unless the buyer explicitly asked for it. But now, keeping in mind the benefit of the buyer regulations have changed against withholding information. It has become a mandate now to disclose existing problems of the property with the buyer so that they can make a well informed decision from their end.
A client has a bone marrow aspiration performed. After the procedure, what is the first nursing action?
Answer:
apply pressure over the aspiration site
Explanation:
Bone marrow aspiration is a difficult and delegate procedure which is performed inside bigger bones which generate red blood cells, white blood cells and platelets. After bone marrow aspiration, the first nursing action must be to apply pressure over the aspiration site to help circulate the blood. A small bandage area is the aspiration site where the needle went to operate the affected area.
Venus Inc. paid $5,000 for account payable. How does this transaction affect the accounting equation of Venus?
A) Assets decrease by $5,000 and equity increases by $5,000
B) Assets decrease by $5,000 and liabilities decrease by $5,000
C) Assets increase by $5,000 and equity decreases by $5,000
D) Assets increase by $5,000 and liabilities increase by $5,000
Answer:
B) Assets decrease by $5,000 and liabilities decrease by $5,000
Explanation:
Account equation of any entity can be represented by following equation:
Assets=Equity+Liabilities
When the entity pays for any account payable, its current liabilities in balance sheet are decreased and at the same time the cash included in the current assets of the balance sheet is also decreased.
In this case, the $5,000 paid by Venus Inc. will decrease the liabilities and assets section of Venus's balance sheet by $5,000.
So based on the above discussion, the answer shall be B) Assets decrease by $5,000 and liabilities decrease by $5,000
KL Airlines paid an annual dividend of $1.18 a share last month. The company is planning on paying $1.50, $1.75, and $1.80 a share over the next 3 years, respectively. After that, the dividend will be constant at $1.50 per share per year. What is the market price of this stock if the market rate of return is 10.5 percent?
Final answer:
The market price of KL Airlines stock can be calculated by discounting its expected dividends by the market rate of return of 10.5%. This includes the specific dividends for the first three years and a constant dividend thereafter as a perpetuity.
Explanation:
The market price of a stock can be determined by calculating the present value of expected future dividends. In the case of KL Airlines, which has a varying dividend for the next three years before settling into a constant dividend, we must calculate the present value of each dividend separately and then use the Gordon Growth Model to find the present value of all future dividends after the period of changing dividends.
To calculate the present value of the dividends paid in the first three years, we discount each dividend by the market rate of return, which is 10.5% in this case. Then, for the constant dividend that begins in year 4, we use the formula for a perpetuity:
Present Value of Constant Dividend = Dividend per share / Market rate of return
Since the dividend will be $1.50 starting in year 4 indefinitely, we calculate the present value of the constant dividends beginning at year 4, which also needs to be discounted back to present value using the same market rate of return.
Finally, we sum up the present values of all dividends to find the current market price of the stock. It's important to remember when you're doing these calculations, that the dividends expected in the future are not the same as actual cash in hand today. Due to the time value of money, a dollar received in the future is worth less than a dollar received today. Therefore, we must adjust or discount the future dividends to reflect their present value.
Which stage of the selling process deals with the actual point of sale where the customer agrees to buy? Which stage relates to the post-sale interaction with the customer?
The ______ A.approach B.closing C.pre-approach stage relates to the point where the customer actually agrees to buy. The ______ A.overcoming objections B.follow-ups C.presentation stage relates to the post-sale interaction with the customer.
Answer:
B.closing
B.follow-ups
Explanation:
You should know as a real estate buyer or seller that the actual point of sale where the customer agrees to buy the property is the closing stage. At this stage, everything is finalized, and the buyer is now ready to buy the property.
Also, you should know that the stage that relates to the post-sale interaction with the customer is the follow-ups. All the processes that are required to be completed after the closing stage, is being done during the follow-ups. And if you want to become a real estate agent, you should learn these by heart for your whole life.
Answer:
B.closing
B.follow-ups
Explanation:
You manage a popular nightclub, and lately revenues have been disappointing Your bouncer suggests that raising drink prices will increase revenues. Your bartender suggests that decreasing drink prices will increase revenues. You aren't sure who is right, but you do know that:
a) Your bouncer thinks the demand for drinks is elastic and the bartender thinks the demand for drinks is inelastic.
b) Your bouncer thinks the demand for drinks is inelastic and the bartender thinks the demand for drinks is elastic.
c) Both the bouncer and bartender think the demand for drinks is elastic.
d) Both the bouncer and bartender think the demand for drinks is inelastic.
Answer:
The correct answer is option b.
Explanation:
The manager of a nightclub wants to increase the revenues. The bouncer suggests increasing the price of drinks while the barender suggests decreasing the price.
An increase in the price of drinks will cause the revenues to increase if the demand for drinks is inelastic. The increase in the price will cause a less than proportionate decrease in the quantity demanded. In this situation, a price rise will increase revenues as well.
While a decrease in the price of a product will cause the revenues to increase if the demand is elastic. In this situation a decrease in the price will cause a more than proportionate increase in the quantity demanded. As a result, the revenues will increase.
This implies that the biuncer thinks the demand for drinks is inelastic while bartender thinks it is elastic.
To maximize revenues, a nightclub manager should understand the price elasticity of demand for drinks and adjust prices accordingly. If demand is elastic, lowering prices should increase total revenue, whereas if demand is inelastic, raising prices should lead to higher total revenue.
The question focuses on the concept of price elasticity of demand, which is crucial in determining how to maximize revenues from drink sales in a nightclub setting. The decision to either raise or lower drink prices should be based on whether the demand for drinks is elastic or inelastic.
If the demand for drinks is elastic, lowering prices would lead to a proportionately larger increase in the quantity sold, thus increasing total revenue. This is because consumers are more responsive to price changes when demand is elastic, and a lower price encourages more purchases. On the other hand, if the demand is inelastic, an increase in drink prices would lead to a smaller percentage decrease in the quantity sold, resulting in higher total revenue. In this scenario, consumers are less responsive to price alterations, and the higher price does not substantially deter sales.
Given the differing opinions between the bouncer and the bartender, the club manager must determine the elasticity of demand for drinks to make an informed pricing decision. If demand is elastic, as the bartender suggests, decrease in drink prices could be the right strategy. If demand is inelastic as the bouncer argues, increasing drink prices may be more appropriate to boost revenues.
What are two things you need to maintain if you assist a person with banking and bill paying?
Answer:
transaction record and a reconciliation of the transactions
An adequate bank balance and a budget.
Legal guardianship of the person and power of attorney
Your documentation as payee for the person you support and the bankbook
Using a neoclassical model, what will the level of cyclical unemployment be when an economy is producing at potential GDP?
A. zero
B. never 0%
C. 1% - 3%
D. 3% - 5%
Answer:
Zero
Explanation:
There are three(3) types of unemployment recognized by economists;
Structural unemployment: This occurs where innovation and technological improvement render workers unemployable because their is a mismatch between the available jobs and the skills possessed by willing workers. For example, the introduction of online classes might reduce the number of teachers needed by a school.
Frictional unemployment: This is used to describe the number of people looking for jobs because they are transiting from one job to another.The addition of the structural and frictional is know as the natural rate of of unemployment.
Cyclical unemployment: this is caused by fluctuation in real GDP around the potentila GDP. For example, when the real GDP falls significantly for a sustained period of six month. At a time like this, the economy is contracting and it is evident by a negative growth rate in real output, firms do lay off workers because the business climate is not favorable.This is called recession. The cyclical unemployment is the difference between the actual rate of unemployment and natural rate. During recession, the actual is always greater thant the natural; and the balance is cyclical unemployement
Full employment output and cyclical unemployment
The potential GDP is the level of real GDP achieved where an economy has fully employed all of its resources ( land, labour, capital and entrepreneur). It is also called full employment GDP. An economy operating at its potential GDP level will still record some level of unemployment which is known as natural unemployment. And its actual rate of unemployment will be equal to the natural rate.
In other words, at the full employment output level, the actual rate of unemployment is the same the natural rate of unemployement. So there is zero cyclical unemployment rate
Personal selling can take place in all situations except when
Answer:
Through the newspaper ads.
Explanation:
Personal selling is one of the ways of selling of products by various businesses where the seller and the customers come in direct contact or face to face in order to discuss the features, benefits, and worthiness of any product that the seller is interested in selling This can be done through direct face to face interaction, on telephones, through video conferencing, and also on the internet but not through newspaper ads.
Limpuntof Heritage Festival is an annual cultural event held in the country of Pompottis. A number of domestic companies extend their sponsorships for this event as part of their corporate social responsibility activities to preserve the heritage of the country. Which of the following marketing strategies does this scenario best illustrate.
Answer: Event marketing
Explanation: Event marketing is experiential marketing via special events of a company, facility or product. This generally involves direct communication with associates of a company.
It must not be mistaken with event management, that is a method under which activities are coordinated, supported and performed. Experiential branding incorporates the company communication model which seeks to connect with the audience additionally.
Experimental embraces a simple method that blends the image of a brand with interactive elements. This marketing style puts the intended audience in a live setting that might promote the intended result.
The scenario best illustrates Cause-Related Marketing, a strategy where a company associates itself with a social cause to promote its business and make a positive contribution to society.
Explanation:The scenario presented—domestic companies sponsoring the Limpuntof Heritage Festival in Pompottis as part of their corporate social responsibility activities—best illustrates the marketing strategy known as Cause-Related Marketing.
This strategy is used when a company associates itself with a social cause or issue in an effort to promote its business and benefit the cause. In this scenario, the cause is the preservation of the country's heritage. Such tactics serve various purposes: they help enhance a company's image, attract conscious consumers, and contribute positively to the community. Other examples of this can be found in celebrations like the Diwali festival, Saint Patrick's Day, and Cinco de Mayo where sponsors assist in preserving cultural identity, much like the Limpuntof Heritage Festival
Learn more about Cause-Related Marketing here:https://brainly.com/question/33721312
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