The Price elasticity demand is 0.74 and the demand for corn in Nigeria is price inelastic
(i) Using the midpoint formula, the price elasticity of demand for corn in Nigeria is:
Price elasticity of demand = (ΔQ/Q) / (ΔP/P) * (Pavg/Qavg)
where ΔQ is the change in quantity demanded, Q is the original quantity demanded, ΔP is the change in price, P is the original price, and Pavg and Qavg are the average of the original and new prices and quantities.
ΔQ = 10,500,000 - 4,850,000 = 5,650,000
Qavg = (10,500,000 + 4,850,000) / 2 = 7,675,000
ΔP = 16,000 - 4,000 = 12,000
Pavg = (16,000 + 4,000) / 2 = 10,000
Price elasticity of demand = ((5,650,000/7,675,000) / (12,000/10,000)) * (10,000/7,675,000) = 0.74
(ii) Since the price elasticity of demand is less than 1, the demand for corn in Nigeria is price inelastic. This means that the percentage change in quantity demanded is less than the percentage change in price. In other words, the increase in price did not significantly reduce the quantity demanded
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According to the following screening criteria, how many public companies are there in the United
States and Canada with a market capitalization of over CAD 500MM?
A publicly listed company's market capitalization, sometimes referred to as market cap, serves as a measure of its value. Usually, it may be rapidly calculated by multiplying the share price by the total number of outstanding shares.
Organizations with higher market capitalizations tend to be safer bets when investing since they represent more mature organizations with typically longer histories in operation. Canada's market capitalization decreased from 3,263.535 USD billion the previous month to 2,914.585 USD billion in June 2022. Canada Market Capitalization is available and updated monthly from December 2012 to June 2022.
In 2020, the United States of America had a market value of $40,719,661,000,000. The total market capitalization of the United States of America increased from 13,983,666 million in United States dollars in 2001 to 40,719,661 million US dollars in 2020, with an average annual growth rate of 7.51%.
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What is one of the two categories of HR professionals?
HR generalists
HR assistant
HR recruiters
HR manager
One of the two categories of HR professionals is HR generalists.
HR generalists are professionals who have a broad knowledge of various HR functions, including recruiting, training and development, employee relations, compensation and benefits, and compliance.
They are responsible for overseeing a range of HR activities and functions, and they often work in small to mid-sized organizations where there is not a need for specialized HR roles. HR generalists may also work in larger organizations, but they typically have a more limited scope of responsibility in those situations.
HR generalists must be knowledgeable about a variety of HR-related topics and must be able to apply their knowledge in a practical and effective way. They are often called upon to develop and implement policies and procedures that ensure compliance with relevant laws and regulations, and they must be skilled in communication, conflict resolution, and problem-solving.
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the safety inspector is testing 10 car seats for every 1000 car seats being produced. what earned value technique is the project using for this aspect of the project.
Apportioned effort value technique is the project using for this aspect of the project.
An approach to planning and measuring generated value for effort that is directly proportional to measured effort but difficult to quantify or divide into separate work packages is called apportioned effort. The most frequent application of this technique is inspection. The quantity of items produced directly affects how long it takes to inspect each item.
As an outcome, inspection is calculated as a percentage of the manufacturing effort and is planned accordingly. The difference between planned and actual performance is expressed as a percentage of what was earned by the prime work package(s). Other elements, such testing, final assembly, and subcontract liaison, may be covered by apportioned effort.
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CSR serves as "brand insurance" by: enabling the firm to develop credibility among stakeholders. creating a great public relations campaign to extol the firm's CSR efforts. enabling the firm to grow internationally. expanding current products and services to reach the poor.
CSR serves as "brand insurance" by enabling the firm to develop credibility among stakeholders. When a company engages in CSR activities, it shows that it is committed to making a positive impact on society and the environment.
This can help build trust with stakeholders such as customers, employees, investors, and regulators. By demonstrating a commitment to social responsibility, the company can enhance its reputation and brand image, which can lead to increased customer loyalty, employee satisfaction, and investor confidence.
In addition, CSR can help the company expand internationally by demonstrating its commitment to global sustainability and social responsibility. It can also help the company develop new products and services that meet the needs of the poor and underserved communities.
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TC = 133 + 37Q + 3Q2 What is the average fixed cost when 13units are produced? Enter as a value. ROUND TO TWO DECIMALPLACES.
The average fixed cost when 13 units are produced is 10.23 Therefore, the average fixed cost when 13 units are produced is $86.23. Rounded to two decimal places, the answer is $86.23.
To find the average fixed cost when 13 units are produced, we need to first calculate the total cost (TC) of producing 13 units.
TC = 133 + 37Q + 3Q^2 (where Q = 13)
TC = 133 + 37(13) + 3(13)^2
TC = 133 + 481 + 507
TC = 1121
Now that we have the total cost, we can calculate the average fixed cost (AFC) by dividing the total fixed cost by the number of units produced.
AFC = TC/Q
AFC = 1121/13
AFC = 86.23
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elbistan corporation has a $200,000 loan that will mature in one year. the risk free interest rate is 5 percent. the standard deviation in the rate of change in the underlying asset's value is 12 percent, and the leverage ratio for the corporation is 0.8 (80 percent). the value for n(h1) is 0.02743, and the value for n(h2) is 0.96406. what is the current market value of the loan? elbistan corporation has a $200,000 loan that will mature in one year. the risk free interest rate is 5 percent. the standard deviation in the rate of change in the underlying asset's value is 12 percent, and the leverage ratio for the corporation is 0.8 (80 percent). the value for n(h1) is 0.02743, and the value for n(h2) is 0.96406. what is the current market value of the loan? $188,352. $178,571. $160,000. $189,932
The current market value of the loan is $189,932.To calculate the current market value of the loan, we need to use the Black-Scholes option pricing model. The Black-Scholes model is commonly used to price options, but it can also be used to value debt.
The formula for valuing debt using the Black-Scholes model is:
V = D x N(d1) - PV(x) x N(d2)
where:
V will be the market value of the debt
D will be the face value of the debt
N(d1) and N(d2) = the cumulative normal distribution function of d1 and d2, respectively
d1 = [ln(S/X) + (r + σ^2/2)t] / (σ√t)
d2 = d1 - σ√t
S will be the underlying asset's current market value
X will be the face value of the debt
r will be the risk-free interest rate
σ will be the standard deviation in the rate of change in the underlying asset's value
t will be the time to maturity of the debt
PV(x) = the present value of the expected repayment of the debt at maturity
In this case, the face value of the debt is $200,000, the risk-free interest rate is 5%, the standard deviation is 12%, and the time to maturity is one year. We also know that the leverage ratio is 0.8, so the underlying asset's value is $250,000 (i.e., $200,000 / 0.8).
Using the given values, we can calculate d1 and d2 as follows:
d1 = [ln(250,000/200,000) + (0.05 + 0.12^2/2) x 1] / (0.12 x √1) = 1.8939
d2 = 1.8939 - (0.12 x √1) = 1.7739
We also know that n(h1) = 0.02743 and n(h2) = 0.96406.
To calculate the present value of the expected repayment of the debt at maturity, we need to discount the face value of the debt using the risk-free interest rate:
PV(x) = 200,000 / (1 + 0.05) = 190,476.19
Now we can use the Black-Scholes formula to calculate the market value of the debt:
V = 200,000 x 0.02743 - 190,476.19 x 0.96406 = $189,932
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The effectiveness of an organization's HR management function depends largely upon...
The wages of the HR department
The hierarchy of the HR department
The amount of people in the HR department
The quality of people in the HR department
The effectiveness of an organization's HR management function depends largely upon the quality of people in the HR department.
The HR department is responsible for the recruitment, selection, training, and development of an organization's workforce. As such, the quality of people in the HR department plays a critical role in the success of the organization.
HR professionals must possess the necessary knowledge, skills, and competencies to effectively manage human resources in a dynamic and changing environment. They must be able to understand and interpret complex laws and regulations governing employment practices, manage employee relations, and develop and implement HR policies and procedures that align with the organization's strategic objectives.
Additionally, HR professionals must be able to communicate effectively with employees at all levels of the organization and be skilled in conflict resolution, problem-solving, and decision-making. Therefore, the quality of people in the HR department is essential to the success of an organization's HR management function.
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in a capm world, what is the beta of stock a if the risk-free rate is 3%, the expected return on a is10% and the expected return for the market is 6%?
The beta of stock A is 2.33. The Capital Asset Pricing Model (CAPM), which is used to estimate the expected return on an investment given its level of risk.
CAPM assumes that investors are risk-averse and require compensation for taking on additional risk, which is measured by a stock's beta.
Beta is a measure of a stock's volatility compared to the overall market. It is calculated by dividing the covariance of the stock's returns with the market's returns by the variance of the market's returns.
Using the Capital Asset Pricing Model (CAPM):
Beta (β) = (Expected return on stock A - Risk-free rate) / Market risk premium
Market risk premium = Expected return on market - Risk-free rate
So, the market risk premium is:
Market risk premium = 6% - 3% = 3%
Using this value, we can now calculate the beta of stock A:
Beta (β) = (10% - 3%) / 3% = 2.33
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birch corporation, a calendar-year corporation, was formed three years ago by its sole shareholder, james, who has operated it as an s corporation since its inception. last year, james made a direct loan to birch corporation in the amount of $5,450. birch corporation has paid the interest on the loan but has not yet paid any principal. (assume the loan qualifies as debt for tax purposes.) for the year, birch experienced a $30,700 business loss. what amount of the loss clears the tax-basis limitation, and what is james's basis in his birch corporation stock and birch corporation debt in each of the following alternative scenarios? note: leave no answer blank. enter zero if applicable. problem 22-57 part a (algo) a. at the beginning of the year, james's basis in his birch corporation stock was $47,200 and his basis in his birch corporation debt was $5,450.
James's basis in his Birch Corporation stock at the end of the year will be $16,500 ($47,200 beginning basis - $30,700 loss + $0 share of income - $0 distributions), and his basis in the debt will remain the same at $5,450.
The tax-basis limitation for James's stock and debt is $42,750 ($47,200 stock basis + $5,450 debt basis).Since Birch Corporation had a loss of $30,700, the entire loss clears the tax-basis limitation.In this scenario, James's basis in his Birch Corporation stock and debt refers to the amount of money he has invested in the corporation. The basis is important for tax purposes because it determines the amount of gain or loss that James will recognize when he sells his stock or the corporation repays his loan.In part a of the problem, James's basis in his Birch Corporation stock was $47,200 at the beginning of the year, and he made a loan to the corporation in the amount of $5,450. The loan is considered debt for tax purposes, so it increases James's basis in the corporation by that amount.
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What are the three major categories of holding costs?-Capital costs, ordering costs, and storage costs -Depreciation, ordering costs, and storage costs -Depreciation, ordering costs, and risk costs -Capital costs, storage costs, and risk costs -Capital costs, depreciation, and storage costs
The three major categories of holding costs are "Capital costs, storage costs, and risk costs". The correct option is D.
The holding costs are those cost associated with holding inventory in the given period of time. The holding costs includes various expenses, such as storage costs, capital costs, and risk costs.
The capital costs refers to the cost of the capital invested like cost of the materials, labor and so on in the organization's manufacturing processes.
The storage costs refers to the cost of storing the inventory, such as rent, utilities, insurance, and security.
The risk costs refers to the cost of the risk associated with holding inventory, such as damage, loss of value due to changes in market demand and so on. In this costs, the company manufacture the product as a trial based.
Therefore, the correct option is D.
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A team begins an independent review of project work to see if it complies with the project's policies, processes, and procedures. What is this team currently engaged in?
A team begins an independent review of project work to see if it complies with the project's policies, processes, and procedures. What is this team currently engaged
The team is currently engaged in a project audit, which is an independent review of project work to ensure compliance with the project's policies, processes, and procedures. The audit is conducted to evaluate the project's overall performance, identify areas of improvement, and provide feedback to the project team.
A project audit or review is typically conducted by an independent team of experts who have no direct involvement in the project. This ensures that the audit is objective and unbiased. The team may be composed of individuals from different departments or areas of expertise within the organization or may be external consultants hired specifically for the audit.
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fickle company purchased a machine at a total cost of $220,000 (no residual value) at the beginning of 2018. the machine was being depreciated over a 10-year life using the sum-of-the-years'-digits method. at the beginning of 2021, it was decided to change to straight-line. ignoring taxes, the 2021 adjusting entry will include a debit to depreciation expense of:
The adjusting entry for 2021 would include a debit to Depreciation Expense of $15,896.10.
To calculate the depreciation expense for 2021 under straight-line depreciation, we need to first calculate the remaining book value of the machine at the beginning of 2021.
Since the machine was being depreciated using the sum-of-the-years'-digits method over a 10-year life, the total depreciation expense over the 3 years from 2018 to 2020 would be:
Total depreciation expense = (10+9+8)/55 x $220,000 = $108,727.27
The book value of the machine at the beginning of 2021 would be:
Book value = Cost - Accumulated depreciation
Book value = $220,000 - $108,727.27
Book value = $111,272.73
Now, to switch to straight-line depreciation, we need to calculate the annual depreciation expense using the remaining useful life of the machine, which is 7 years (10-3).
Annual straight-line depreciation expense = Book value / Remaining useful life
Annual straight-line depreciation expense = $111,272.73 / 7
Annual straight-line depreciation expense = $15,896.10
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From a company's perspective, ________ is made up of clean air, reliable availability of freshwater, and productive topsoil.natural capital environmental accounting environmental profit and loss renewable capital
From a company's perspective, natural capital can be thought of as a critical input to business activities that supports the creation of economic value.
Natural capital refers to the stock of natural resources and ecosystems that provide valuable goods and services to society, including clean air, water, and soil.
Natural capital is an essential part of sustainable development, and it is increasingly recognized as a vital aspect of corporate social responsibility. By managing natural capital responsibly, companies can reduce their environmental impacts, ensure the availability of critical resources, and contribute to the conservation and preservation of natural ecosystems. Environmental accounting and environmental profit and loss are tools that can be used to measure the value of natural capital and the environmental impacts of business activities, while renewable capital refers to capital that can be replenished over time, such as renewable energy resources.
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Complete Question
From a company's perspective, ________ is made up of clean air, reliable availability of freshwater, and productive topsoil.
a) Natural capital
b) Environmental accounting
c) Environmental profit and loss
d) Renewable capital
9-3: Bond Valuation Problem Walk-Through Bond valuation Callaghan Motors' bonds have 19 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 12%, and the yield to maturity is 13%. What is the bond's current market price? Round your answer to the nearest cent. $______
The current market price of the bond is $741.63.
The bond's current market price, we need to use the formula for present value of a bond:
P = [tex](C / (1 + r)^1) + (C / (1 + r)^2) + ... + (C + F / (1 + r)^n)[/tex]
here:
P = current market price
C = here its annual coupon payment
r = here its yield to maturity
F = here its par value of the bond
n = here its number of years remaining until maturity
In this case, here we have:
C = $1,000 x 12% = $120
r = 13%
F = $1,000
n = 19
P = [tex]($120 / (1 + 0.13)^1) + ($120 / (1 + 0.13)^2) + ... + ($120 + $1,000 / (1 + 0.13)^{19})[/tex]
P = $741.63
Therefore, the current market price of the bond is $741.63.
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kobe company has manufactured 200 partially finished cabinets at a cost of $112,000. these can be sold as is for $134,400. instead, the cabinets can be stained and fitted with hardware to make finished cabinets. further processing costs would be $27,000, and the finished cabinets could be sold for $179,200. if kobe company processes the cabinets further, incremental income is:
The incremental income from processing the cabinets further would be $24,800.
If Kobe Company decides to process the partially finished cabinets further, the incremental income would be $24,800. To calculate this, we first need to determine the total cost of producing the finished cabinets. The cost of the partially finished cabinets is already sunk and cannot be changed, so we only need to consider the additional processing costs of $27,000.
The total cost of producing the finished cabinets would be $112,000 + $27,000 = $139,000. Subtracting this from the expected sales revenue of $179,200 gives us incremental income of $40,200.
However, we also need to consider the opportunity cost of not selling the partially finished cabinets as is for $134,400. This would result in a loss of $4,800 ($134,400 - $129,600), which we need to deduct from the incremental income.
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Aman bought a machine for P638855 six years ago. It has a salvage value of P46012 four years from now. He sold it now for P103891. What is the sunk cost or the value of the machine that the man lost if the depreciation method used is a Straight-Line method?
The sunk cost or the value of the machine that the man lost is P179,258.2, using the Straight-Line depreciation method.
To calculate the sunk cost using the Straight-Line depreciation method, we need to first determine the annual depreciation and then the total depreciation for six years.
1. Calculate the total depreciation:
Initial cost of machine: P638,855
Salvage value in 10 years: P46,012
Total depreciation = P638,855 - P46,012 = P592,843
2. Determine the annual depreciation:
Number of years (useful life) = 10 years (6 years ago + 4 years from now)
Annual depreciation = Total depreciation / Number of years = P592,843 / 10 = P59,284.3
3. Calculate the total depreciation for six years:
Depreciation for six years = Annual depreciation × 6 years = P59,284.3 × 6 = P355,705.8
4. Calculate the expected value of the machine after six years:
Expected value = Initial cost - Depreciation for six years = P638,855 - P355,705.8 = P283,149.2
5. Determine the sunk cost or the value lost:
Sunk cost = Expected value - Sale price = P283,149.2 - P103,891 = P179,258.2
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Like strengths, weaknesses are only meaningful when your employees are complaining about the problem. the CEO doesn't care. viewed through the eyes of customers. they are delivering value to customers.
Similar to strengths, shortcomings only make sense when seen from the perspective of customers. Here option C is the correct answer.
For example, a company may pride itself on its fast delivery times, but if customers consistently receive damaged or incorrect products, then that strength becomes a weakness. Alternatively, a company may have a weakness in its customer service department, but if it doesn't affect the customer's overall experience or satisfaction, then it may not be a true weakness.
Ultimately, the customer's perspective is what matters most in determining the significance of a weakness. If it affects their experience, then it needs to be addressed and improved upon. On the other hand, if it doesn't affect the customer, then it may not be a priority for improvement.
It's also important to note that weaknesses can still be valuable if they provide opportunities for growth and improvement. By addressing weaknesses that do impact customers, companies can not only improve the customer experience but also gain a competitive edge in the market.
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Complete question:
Like strengths, weaknesses are only meaningful when
A - your employees are complaining about the problem.
B - the CEO doesn't care.
C - viewed through the eyes of customers.
D - they are delivering value to customers.
which of the following activities is part of gathering stakeholder expectations? a.) classify and categorize the information in order to come up with key expectations b.) focus only on one stated expectation of each stakeholder c.) re-interview the stakeholders whose expectations seem out of line with the project scope d.) transcribe the interview data verbatim into the project scope
a.) classify and categorize the information in order to come up with key expectations
What is information?Information can be defined as data that has been processed, organized, and presented in a meaningful way. It is the output of a process that takes raw data as an input and interprets, analyzes, and synthesizes it into a form that can be used to make decisions.
Classifying and categorizing the information gathered from stakeholders is an important part of gathering their expectations. It allows the project team to identify the most important expectations and to prioritize them accordingly. By identifying and categorizing key expectations, the project team can ensure that all stakeholders are on the same page regarding what the project should accomplish.
Therefore the correct answer is A.
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manager has discussed the need to increase team output, identified the needed performance levels, and planned to acquire necessary technology, develop new processes, and train hr staff. what else does the manager need to do
There are several other steps that the manager may need to take in order to increase team output like communicate the plan to the team, set clear goals, monitor progress, recognize and reward success and evaluate the plan.
Communicate the plan to the team: The manager should share their plan with the team and explain how the changes will help them increase their output. This will ensure that everyone is on the same page and that there are no surprises.
Set clear goals: The manager should set specific and measurable goals for the team to work towards. These goals should be challenging but achievable, and they should be tied to the overall objectives of the organization.
Monitor progress: The manager should track the team's progress towards their goals and provide regular feedback on their performance. This will help to identify any areas where the team may be struggling and allow for course correction.
Recognize and reward success: The manager should recognize and reward team members who perform well and contribute to the team's success. This can be done through bonuses, promotions, or other forms of recognition.
Evaluate the plan: The manager should regularly evaluate the effectiveness of the plan and make adjustments as needed. This will ensure that the team is always working towards the most efficient and effective processes.
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02-001 - Definition of analytical skills
Analytical skills can be defined as those skills which enables you to visualize a problem's complexity, process and organize it and solve it, make projections and generate new ideas.
Analytical thinking approach involves the use of existing information to accurately assess situations and provide insight about how different factors interact. Therefore, analytical skills are efficiently focused on cause and effect and managing the impact of possible solutions.
Employers demand for workers with strong analytical skills to develop their company's culture and learn how to navigate negotiations, evaluations, training and team-building exercises based on their experience.
Some Analytical Skills used in workplaces are -
1. Attention to detail
2. Data mining
3. Problem-solving
4. Forecasting
5. Decision making
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You have recently brought Bob in as a team member on a project you are managing. You have been providing Bob with updates by email on how he has been performing. Which form of communication does this BEST describe?
The form of communication that best describes providing Bob with updates by email on his performance is written communication.
It is a detailed form of communication that allows the manager to provide clear and specific feedback to Bob about his performance on the project. It also provides a written record of the feedback and can be referred to later if needed.
Written communication is often used in project management to ensure that everyone is on the same page and to avoid any misunderstandings or miscommunications.
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Corning Glass sold Pyrex in both France and the United States. The same product was marketed differently in the two countries, according to culture. Which type of market entry strategy was used in this scenario? exporting wholly owned operations joint ventures licensing
In France and the United States, Corning Glass used an adaptation or localization type of market entry strategy when selling Pyrex in different ways, according to culture. Here option E is the correct answer.
Corning Glass used the market entry strategy of adaptation or localization when selling Pyrex in different ways in France and the United States, according to culture. This strategy involves modifying the marketing mix elements, such as product design, packaging, promotion, and pricing, to meet the specific needs and preferences of the local market.
In this case, Corning Glass recognized that the cultural differences between France and the United States would impact how the Pyrex product was marketed in each country. By adapting the marketing approach to suit each market, Corning Glass was able to better appeal to the preferences and habits of consumers in both countries, which likely resulted in increased sales and market share.
Adaptation or localization is a commonly used market entry strategy by companies that operate in multiple countries, as it allows them to tailor their offerings to the specific needs and preferences of each market, rather than applying a one-size-fits-all approach.
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Complete question:
What type of market entry strategy did Corning Glass use when selling Pyrex in different ways in France and the United States, according to culture?
a) Exporting
b) Wholly owned operations
c) Joint ventures
d) Licensing
e) Adaptation or localization
FILL IN THE BLANK. The (simple) moving average forecast treats each of the n most recent demands __________ in generating the forecast of the next period
The simple moving average forecast treats each of the n most recent demands equally in generating the forecast of the next period.
To elaborate, the simple moving average is a forecasting method that calculates the average of the n most recent demands to predict the demand for the next period.
1. Collect the data for the n most recent periods of demand.
2. Add up the demand values for those periods.
3. Divide the sum by the number of periods (n) to obtain the average demand.
4. Use this average demand as the forecast for the next period.
By treating each demand value equally, the simple moving average gives equal weight to each data point within the specified range, ensuring that no single demand value has more influence on the forecast than any other.
This method is easy to understand and apply but may not always provide the most accurate predictions, especially when dealing with trends or seasonal fluctuations in demand.
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The effects of paying for a one-year insurance policy in advance on the basic accounting equation are to
The effects of paying for a one-year insurance policy in advance on the basic accounting equation are to decrease in cash (an asset) and an increase in prepaid insurance (also an asset), but does not affect liabilities or equity.
When a company pays for a one-year insurance policy in advance, there are two effects on the accounting equation:
Assets decrease: The cash (an asset) of the company decreases because it has been used to pay for the insurance policy.
Assets increase: The prepaid insurance (an asset) of the company increases because the company now has a right to insurance coverage for the next year.
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OneChicago has just introduced a single-stock futures contract on Brandex stock, a company that currently pays no dividends. Each contract calls for delivery of 1,800 shares of stock in 1 year. The T-bill rate is 4% per year.
a. If Brandex stock now sells at $130 per share, what should the futures price be?
b. If the Brandex price drops by 1%, what will be the new futures price and the change in the investor’s margin account?
c. If the margin on the contract is $11,400, what is the percentage return on the investor’s position?
a. The theoretical futures price should be $135.20.
b. The investors has incurred a loss of 18% on their position.
c. The investor's margin account has decreased by $2,052.
a. To calculate the theoretical futures price, we need to add the cost of carry to the current spot price. Since the Brandex stock pays no dividends, the cost of carry is simply the risk-free rate of 4% per year. Thus, the futures price should be:
F = [tex]S*(1+r)^T[/tex]
where F is the futures price, S is the spot price of the stock, r is the risk-free rate, and T is the time to delivery in years.
Plugging in the numbers, we get:
F = $130*[tex](1+0.04)^1[/tex]
F = $135.20
Therefore, the theoretical futures price should be $135.20
b. If the Brandex price drops by 1%, the new spot price will be:
S' = $130*(1-0.01)
S' = $128.70
To calculate the new futures price, we repeat the formula above with the new spot price:
F' = $128.70*[tex](1+0.04)^1[/tex]
F' = $134.04
The change in the investor's margin account is equal to the change in the futures price times the contract size, or:
Change in margin account = (F' - F)*1,800
Change in margin account = ($134.04 - $135.20)*1,800
Change in margin account = -$2,052
Since the futures price has decreased, the investor's margin account has decreased by $2,052.
c. To calculate the percentage return on the investor's position, we need to take into account both the change in the futures price and the initial margin requirement. The initial margin requirement is $11,400, which represents 10% of the contract value:
Contract value = 1,800*$130 = $234,000
Initial margin requirement = 10%*$234,000 = $11,400
The investor's position is long the futures contract, so the percentage return is:
Percentage return = (change in futures price*contract size)/initial margin requirement
Plugging in the numbers from part (b), we get:
Percentage return = (-$1.16*1,800)/$11,400
Percentage return = -0.18 or -18%.
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even when there are only a few firms in a market, the market can still be competitive as long as barriers to entry are low. markets of this type are called a. monopolistic markets. b. price-taker markets. c. contestable markets. d. convertible markets.
Contestable markets represent the market structure where competition remains strong due to low barriers to entry, even if there are only a few active firms in the market. The correct answer is option C
The market scenario you described, where there are only a few firms but the market remains competitive due to low barriers to entry, is referred to as a contestable market. In a contestable market, the presence of potential competition is enough to ensure that existing firms maintain competitive behavior, even if there are only a few active participants.
This is because the threat of new entrants taking advantage of the low barriers to entry keeps the incumbent firms on their toes, as they must consistently offer competitive prices and services to maintain their market share. In contrast, monopolistic markets typically have high barriers to entry, which allows a single firm to dominate the market and potentially engage in price manipulation.
Price-taker markets involve numerous firms that have no control over the market price and must accept the prevailing market price for their goods or services. Convertible markets do not refer to a specific market structure but might involve the conversion of one type of asset to another, such as currency or securities. The correct answer is option C
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when the price level falls a. the interest rate falls because people will want to hold more money and so sell bonds. b. firms will want to spend more on new business buildings and business equipment and households will want to spend more building new homes. c. both a and b are correct. d. none of the above are correct.
When the price level falls, c. both a and b are correct. This means that a. the interest rate falls because people will want to hold more money and so sell bonds, and b. firms will want to spend more on new business buildings and business equipment and households will want to spend more building new homes.
To explain further, when the price level falls, the purchasing power of money increases, making people want to hold more money. To obtain this money, they may sell their bonds, increasing the supply of bonds in the market. As a result, the price of bonds falls, and the interest rate inversely rises.
Lower interest rates encourage borrowing and reduce the cost of capital, stimulating business investments and household spending on durable goods like new homes.
Simultaneously, the falling price level makes it cheaper for firms to invest in new business buildings and equipment. This increased investment drives economic growth and job creation. Similarly, households find it more affordable to build new homes, fueling the housing market and contributing to overall economic activity.
In summary, when the price level falls, both interest rates decrease due to increased money demand and firms and households increase their spending on investments and durable goods, driving economic growth.
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belinda sees a product being demonstrated on qvc, and she purchases it by making a phone call. which type of non-store retailing is she using?
Belinda is using the non-store retailing method known as teleshopping, which involves the use of television broadcasts to sell products directly to consumers.
QVC is a popular television shopping network that uses this method to sell a wide range of products to viewers who call in to make purchases.
Teleshopping has become increasingly popular over the years, as it allows consumers to shop from the comfort of their own homes without having to physically visit a store. It also allows retailers to reach a wider audience, as television broadcasts can be viewed by people all over the country.
In addition to QVC, there are many other teleshopping networks and channels that use this method to sell products. Some of these networks focus on specific types of products, such as jewelry, beauty products, or home goods, while others offer a wide range of products in various categories.
Teleshopping is a convenient and efficient way for consumers to shop, and it has proven to be a successful retailing method for many businesses.
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given below are the future value factors for $1 compounded at 8% for one to five periods. periods future value of $1 at 8% 1 1.080 2 1.166 3 1.260 4 1.360 5 1.469 what amount will be in a bank account three years from now if $8,000 is invested each year for four years with the first investment to be made today?
By using the future value factor table for $1 compounded at 8%, investing $8,000 for four years with the first investment today, and compounding annually, the future value can be calculated as $38,847.56.
To calculate the future value of the investment, we need to use the future value of an annuity formula. We have 4 payments of $8,000 each, and the future value factor for 3 years at 8% is 1.260.
So, the future value of the first payment is $8,640 (i.e., $8,000 x 1.08). The future value of the second payment is $9,331.20 (i.e., $8,640 x 1.08), the future value of the third payment is $10,057.06 (i.e., $9,331.20 x 1.08), and the future value of the fourth payment is $10,819.30 (i.e., $10,057.06 x 1.08).
Therefore, the total future value of the investment after four years is $38,847.56 (i.e., $8,000 + $8,640 + $9,331.20 + $10,057.06 + $10,819.30).
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Chirrut is working on his research project and has identified several potential sources. He has rejected one article because it was not published in a scholarly journal. What is another reason he might reject a potential source? a. An article that does not contain biased commentary should be rejected. b. An article that was not written by an expert should be rejected, c. An article that was written recently, using very recent dat, should be rejected. d. An article that has been quoted by other articles should be rejected.
If a possible source lacks credibility, such as if it was not authored by an expert or contains erroneous information, biassed opinion, or out-of-date data, Chirrut may reject it.
What might occur if you employ an unreliable source?It's crucial to find sources for research, but employing questionable sources will damage your reputation and make your arguments seem weaker. The ability to recognise reliable sources is crucial. Understanding depth, objectivity, currency, authority, and purpose are prerequisites for this skill.
What information sources can you trust and which ones shouldn't you?Unreliable sources lack linkages to current, verifiable evidence while reliable sources do. In the paragraphs of reputable news pieces, the sources are typically linked, and the links should direct readers to the main source of information, which itself is also a reliable source.
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