Table below shows the demand for haircuts from seniors and other customers on an average weekday in the local hairdressing shop.
| Price of Haircut | Quantity Demanded by Seniors | Quantity Demanded by Other Customers |
| $24 | 1 | 9 |
| 22 | 4 | 10 |
| 20 | 7 | 11 |
| 18 | 10 | 12 |
| 16 | 13 | 13 |
| 14 | 16 | 14 |
| 12 | 19 | 15 |
| 10 | 22 | 16 |
| 8 | 25 | 17 |
| 6 | 28 | 18 |
a) Between the prices of $20 and $24, which of the two demands is more elastic? Round your answers to 2 decimal places.
The price elasticity of demand for seniors is
The price elasticity of demand for other customers is
The elasticity of demand is greater for (Click to select) seniors other customers
b) What price would give the shop the greatest sales revenue?
In: Economics
1. Find an example of data analytics project that has published
its data publicly and state the source.
2. Explain about the project and why it is interesting to
you?
3. Identify and explain the objective of the data analytics.
4. Identify and explain the data types.
5. Explain the data mining techniques involved
6. State the insights discovered in the project.
In: Computer Science
1. Why is there not more awareness regarding unintended medical harm?
2. What is the level of public transparency on patient outcomes?
3. What are some of the barriers to decreasing medical errors?
4. What are some of the solutions to decreasing medical errors?
5. List publicly available website that reports out on medical errors. Describe the information the site provides.
In: Nursing
reflect on US fortune 500 companies that follow these commandments and work very hard to avoid marketing myopia as well.
The Ten Commandments of Marketing:
1. Treat your customers with love and your competitors with respect.
2. Be ready for transformation and change.
3. Make your values clear and support them.
4. Focus on the segment that can give you the greatest benefits.
5. Price fairly to convey your quality.
6. Help potential customers to connect with your company and its products.
7. Look upon your customers as customers for life.
8. View each business as a service. Because each product is tied to a service.
9. Improve your business process every day.
10. Consider various aspects and information—not just finance related—before making a decision.
In: Operations Management
On January 1, 2018, your company purchases a bond investment. The facts are as follows: Face amount $820,000 Cost of bonds $780,913 Stated rate 12% Term 3 years Market rate 14% Interest is recorded semi-annually June 30, 2018. Record the entry for the semi-annual interest revenue.
Date Account Debit Credit 6/30:
Cash
Discount on Bonds Investment
Interest Revenue
December 31, 2018 Record the entry for the semi-annual interest revenue. Date Account Debit Credit 12/31
Cash
Discount on Bonds Investment
Interest Revenue
In: Accounting
Choose a public traded company that you have access to their financial reports Collect the company’s major financial reports for the recent five fiscal years (5 years data).
: Compute Financial Ratios
Please do wal-mart
In: Finance
Quonset, Inc. is a public company whose shares are actively traded in the over-the-counter market. The company’s stockholders’ equity account balances at December 31, year 1, are on the following tab.
During the year ended December 31, year 2, transactions and other information relating to Quonset’s stockholders’ equity were as follows:
On February 1, year 2, Quonset issued 13,000 shares of common
stock to Carson Co. in exchange for land. On the date issued, the
stock had a market price of $13 per share. The land had a carrying
value on Carson’s books of $140,000 and an assessed value for
property taxes of $95,000.
On March 5, year 2, Quonset purchased 21,000 of its shares to hold
as treasury stock at $12 per share. The shares were originally
issued at $13 per share. Quonset uses the cost method to account
for treasury stock. Treasury stock is permitted in Quonset’s state
of incorporation.
On March 15, year 2, Quonset purchased a portfolio of marketable
debt securities to be held as available-for-sale securities.
On June 5, year 2, Quonset declared a property dividend of
inventory. The inventory had a $65,000 carrying value and a $55,000
fair market value.
On July 1, year 2, Quonset declared and issued a 15% stock
dividend.
On December 5, year 2, Quonset declared a cash dividend of $1 per
share to all common stockholders of record on December 15, year 2.
The dividend was paid on January 5, year 3.
Net income for year 2 was $1,443,000.
At December 31, year 2, unrealized gain on the portfolio of
marketable debt securities purchased during the year was $95,000,
net of tax.
Common stock: $1 par value; 1,650,000 shares
authorized; 850,000 shares issued and outstanding
$850,000
Additional paid-in capital
3,100,000
Retained earnings
3,700,000
Total stockholders' equity
$7,650,000
Using the stockholders’ equity balances as of December 31, year
1, and the transactions and other information relating to Quonset’s
stockholders’ equity during year 2, complete the following
worksheet analysis of stockholders’ equity for year 2. Ignore the
effect of income taxes.
For each item in column A:
Enter in column B the effect (if any) on the number of Quonset shares issued and outstanding.
Enter in columns C through G the dollar amount effect (if any) on the appropriate equity account(s).
Total stockholders’ equity values at column H and ending balance in row 10 will automatically calculate based on your entries.
Enter increases to stockholders’ equity as positive numbers and decreases to stockholders’ equity as negative numbers. If there is no amount to enter in a particular shaded cell, enter a value of zero (0).
|
A |
B |
C |
D |
E |
F |
G |
H |
|
|---|---|---|---|---|---|---|---|---|
|
1 |
Accounts | Number of shares issued and outstanding | Common stock | Additional paid-in capital | Retained earnings | Accumulated other comprehensive income (loss) | Treasury stock | Total stockholders' equity |
|
2 |
Beginning Balances | 0 | ||||||
|
3 |
Issuance of shares for property | 0 | ||||||
|
4 |
Purchase of treasury stock | 0 | ||||||
|
5 |
Property dividends distributed | 0 | ||||||
|
6 |
Stock dividend issued | 0 | ||||||
|
7 |
Cash dividend | 0 | ||||||
|
8 |
Net income for the year | 0 | ||||||
|
9 |
Unrealized gain (loss) on marketable debt securities available for sale | 0 | ||||||
|
10 |
Ending Balances | 0 | 0 | 0 | 0 | 0 |
0 |
In: Accounting
Choose a company traded on the New York Stock Exchange and analyze (i) how has it been financed (i.e. debt or equity) and (ii) which is the financing risk that may result from the company’s chosen debt ratio. This exercise assesses the following learning outcomes: • Outcome 1: Demonstrate a deep understanding of the theory and practices of financing a firm and its capital structure. • Outcome 2: Evaluate the financing risk that may result from the chosen debt ratio.
In: Finance
Star Products Company is a growing manufacturer of automobile accessories whose stock is actively traded on the over-the-counter (OTC) market. During 2016, the Dallas-based company experienced sharp increases in both sales and earnings. Because of this recent growth, Melissa Jen, the company’s treasurer, wants to make sure that available funds are being used to their fullest. Management policy is to maintain the current capital structure proportions of 30% long-term debt, 10% preferred stock, and 60% common stock equity for at least the next 3 years. The firm is in the 40% tax bracket.
To estimate the firm’s weighted average cost of capital (WACC), Jen contacted a leading investment banking firm, which provided the financing cost data below.
Long-term debt: The firm can raise $450,000 of additional debt by selling 15-year, $1,000-parvalue, 9% coupon interest rate bonds that pay semiannual interest. It expects to net $960 per bond after flotation costs. Any debt in excess of $450,000 will have a before-tax cost, rd, of 13%.
Preferred stock: Preferred stock, regardless of the amount sold, can be issued with a $70 par value and a 14% annual dividend rate and will net $65 per share after flotation costs.
Common stock equity: The firm expects dividends and earnings per share to be $0.96 and $3.20, respectively, in 2017 and to continue to grow at a constant rate fo 11% per year. The firm’s stock currently sells for $12 per share. Star expects to have $1,500,000 of retained earnings available in the coming year. Once the retained earnings have been exhausted, the firm can raise additional funds by selling new common stock, netting $9 per share after underpricing and flotation costs.
You are required to:
1. Calculate the cost of each source of financing, as specified:
a. Long-term debt, first $450,000.
b. Long-term debt, greater than $450,000.
c. Preferred stock, all amounts
d. Common stock equity, first $1,500,000.
e. Common stock equity, greater than $1,500,000.
2. Calculate the weighted average cost of capital (WACC).
In: Finance
Multiplex Inc., a public company whose stock is traded on a
national stock exchange, reported the following information on its
consolidated financial statements for 20X5:
| From the consolidated income statement: | |||
| Sales revenues | $ | 591,000,000 | |
| Rental revenues | 49,000,000 | ||
| Income before income taxes | 34,000,000 | ||
| Income taxes | 22,000,000 | ||
| From the consolidated balance sheet: | |||
| Total assets | $ | 571,000,000 | |
Multiplex management determined that it had the following operating
segments during 20X5: (1) car rental, (2) aerospace, (3)
communications, (4) health and fitness products, and (5) heavy
equipment manufacturing. The company assembled the following
information for these industry segments for 20X5 (dollar amounts
stated in millions):
| Item | Car Rental |
Aerospace | Communications | Health/ Fitness |
Heavy Equipment |
|||||||||||||||
| Sales | $ | 226 | $ | 60 | $ | 50 | $ | 270 | ||||||||||||
| Rentals | $ | 34 | ||||||||||||||||||
| Intersegment sales | 9 | 35 | ||||||||||||||||||
| Cost of goods sold | 139 | 179 | ||||||||||||||||||
| Selling expenses | 18 | 62 | 30 | 25 | 57 | |||||||||||||||
| Other traceable expenses | 6 | 10 | 13 | 7 | 30 | |||||||||||||||
| Allocation of common costs | 4 | 9 | 4 | 4 | 9 | |||||||||||||||
| Assets | 40 | 127 | 90 | 100 | 215 | |||||||||||||||
| Other information: | ||||||||||||||||||||
| Depreciation expense (included above) |
6 | 35 | 6 | 7 | 45 | |||||||||||||||
| Capital expenditures | 5 | 50 | 35 | 60 | ||||||||||||||||
Additional Information
Required:
a. Prepare schedules for each of the three 10 percent tests: (1)
the revenue test, (2) the profit-or-loss test, and (3) the assets
test. Each schedule should indicate which of Multiplex’s industry
segments are reportable segments for 20X5.
b. Do Multiplex’s reportable segments meet the 75 percent revenue test?
c. Prepare the information about the company’s operations in different industry segments as required by ASC 280.
In: Accounting