The following table depicts statistics on GDP per capita (ie, GDP/population) in column (1) and its growth rate for the country groups (column 2) defined by GDP levels (High-income, Middle-income and Low-income). They are all expressed as real (constant) GDP.
|
(1) |
(2) |
(3) |
|
|
Country group |
GDP per capita (Year 2010) |
Average annual growth rate of real GDP per capita (Year 2000-2010) |
GDP per capita (Year 2088) |
|
High-income |
38,293 |
0.9% |
? |
|
Middle-income |
3,980 |
4.8% |
? |
|
Low-income |
507 |
3.0% |
? |
Source: The World Bank,
http://databank.worldbank.org/data/reports.aspx?source=world-development-indicators
Throughout this question, assume constant growth rates for each of the country groups that are equal to their average value between year 2000 and 2010 (column 2 of Table). Answer the following questions (show all the calculation steps to get the partial marks):
Compute the ratio of GDP per capita of the different income groups in year 2010 (expressed in the one decimal point in %): (1.5 mark, 0.5 each)
Middle- to High-income group
Low- to High-income group
Low- to Middle income group
Compute the approximate number of years it will take the Low-income and Middle-income countries to double their GDP per capita. (1 mark)
Approximate the GDP per capita for High-income, Middle-income and Low-income groups for the year 2088, and fill in column 3 of the Table. (1.5 mark, 0.5 each)
Repeat part a) of the question with the computed GDP per capita in year 2088 (1.5 mark, 0.5 each)
Now compare your answers in part a) and part d). Comment on any changes occurred between year 2010 and 2088. (2 mark)
In: Economics
Hershey Company is one of the world’s leading producers of chocolates, candies, and confections. The company sells chocolates and candies, mints and gums, baking ingredients, toppings, and beverages. Hershey’s consolidated balance sheets for 2009 and 2010 follow:
|
Hershey: Consolidated Balance Sheets |
|||
|
(millions) |
2009 |
2010 |
|
|
Assets |
|||
|
Current Assets |
|||
|
Cash and Equivalents |
$ 253.6 |
$ 884.6 |
|
|
Accounts Receivable, Trade |
410.4 |
390.1 |
|
|
Inventories |
519.7 |
533.6 |
|
|
Deferred Income Taxes |
39.9 |
55.8 |
|
|
Prepaid Expenses and Other Assets |
161.8 |
141.1 |
|
|
Total Current Assets |
1,385.4 |
2,005.2 |
|
|
Property, Plant, and Equipment, net |
1,404.8 |
1,437.7 |
|
|
Goodwill and Intangible Assets |
571.6 |
524.1 |
|
|
Other Intangible Assets |
125.5 |
123.1 |
|
|
Deferred Income Taxes and Other Assets |
187.7 |
182.6 |
|
|
Total Assets |
$ 3,675.0 |
$ 4,272.7 |
|
|
Liabilities and Shareholders’ Equity |
|||
|
Current Liabilities |
|||
|
Accounts Payable |
$ 287.9 |
$ 410.7 |
|
|
Accrued Liabilities and Taxes |
583.4 |
602.7 |
|
|
Short-Term Debt |
24.1 |
24.1 |
|
|
Current Portion of Long-Term Debt |
15.2 |
261.4 |
|
|
Total Current Liabilities |
910.6 |
1,298.9 |
|
|
Long-Term Debt |
1,502.7 |
1,541.8 |
|
|
Other Long-Term Liabilities |
501.4 |
494.4 |
|
|
Total Liabilities |
2,914.7 |
3,335.1 |
|
|
Shareholders’ Equity |
|||
|
Common Stock |
359.9 |
359.9 |
|
|
Additional Paid-In Capital |
394.7 |
434.9 |
|
|
Retained Earnings |
4,148.3 |
4,374.7 |
|
|
Treasury Stock |
(3,979.6) |
(4,052.1) |
|
|
Accumulated Other Comprehensive Loss |
(202.9) |
(215.1) |
|
|
Noncontrolling Interests |
39.9 |
35.3 |
|
|
Total Shareholders’ Equity |
760.3 |
937.6 |
|
|
Total Liabilities and Shareholders’ Equity |
$ 3,675.0 |
$ 4,272.7 |
|
Additional information for 2010: Total sales $5,671.0
Costs of goods sold $3,255.8
Net income $ 509.8
REQUIRED:
In: Accounting
In early January 2010, you purchased $19 comma 000 worth of some high-grade corporate bonds. The bonds carried a coupon of 7 4/8% and mature in 2024.
You paid 95.463 when you bought the bonds. Over the five years from 2010 through 2014, the bonds were priced in the market as follows:
| Year | Beginning of the Year |
End of the Year |
Average Holding Period Return on High-Grade Corporate Bonds |
| 2010 | 95.463 | 104.824 | 7.30% |
| 2011 | 104.824 | 106.783 | 11.72% |
| 2012 | 106.783 | 108.567 | -6.89% |
| 2013 | 108.567 | 116.281 | 7.90% |
| 2014 | 116.281 | 128.181 | 9.11% |
Coupon payments were made on schedule throughout the 5-year period.
a. Find the annual holding period returns for 2010 through 2014.
b. Use the average return information in the given table to evaluate the investment performance of this bond. How do you think it stacks up against the market? Explain.
a. The holding period return for 2010 is nothing%. (Round to two decimal places.)
The holding period return for 2011 is nothing%. (Round to two decimal places.)
The holding period return for 2012 is nothing %. (Round to two decimal places.)
The holding period return for 2013 is nothing%. (Round to two decimal places.)
The holding period return for 2014 is nothing%. (Round to two decimal places.)
b. Use the average return information in the given table to evaluate the investment performance of this bond. How do you think it stacks up against the market? Explain.
The high-grade corporate bond investment has outperformed the market. The average rate of return for the investment is 13.21% versus the average market rate of 5.83%.
The market has outperformed the corporate bond investment. The average rate of return for the investment is 5.83% versus the average market rate of 13.21%.
In: Finance
| Ms. Beach has asked you to advise him on the long-term debt-paying ability of Aroshell Company. | |||
| She provides you with the following ratios: | |||
| 2016 | 2015 | 2014 | |
| Times interest earned | 8.2 | 7.0 | 4.5 |
| Debt ratio | 30% | 29% | 30% |
| Debt to tangible net worth | 70% | 71% | 71% |
| a. Give the implications and the limitations of each item separately and then the collective | |||
| influence that could be drawn from them about Aroshell Company's long-term debt position. | |||
| b. What warnings should you offer Ms. Beach about the limitations of ratio analysis for the purpose stated here? |
In: Accounting
You have recently been hired by a company that wants to “go global” and you have been selected to help research this possibility. The CEO has selected you to research your chosen country and report back. You must prepare a report on your country’s four cultural values and provide examples of how they relate to business transactions.
For your chosen country of France write a three-page paper on the following:
Individual and collective dimension of the country
Equality and hierarchy dimension of the country
Change orientation dimension of the country
Time orientation dimension of the country
Give examples of these dimensions and how they relate to global
business transactions
In: Operations Management
Think of the group experiences you have had at work, at home, at school, or in any formal or informal organizational environment. Think of “organizational environment” as simply meaning a group of individuals that get together to pursue a goal. Think of a specific example from those experiences, and see which one of the models of group dynamics best applies to that example. Choose specifically one from the following theories: the stages of group development, the punctuated-equilibrium model, collective efficacy, cohesion, or social loafing. You can choose an example where the group was highly effective, or an example where the group dynamics became an obstacle to performance.
In: Operations Management
Think of the group experiences you have had at work, at home, at school, or in any formal or informal organizational environment. Think of “organizational environment” as simply meaning a group of individuals that get together to pursue a goal. Think of a specific example from those experiences, and see which one of the models of group dynamics best applies to that example.
Choose specifically one from the following theories: the stages of group development, the punctuated-equilibrium model, collective efficacy, cohesion, or social loafing. You can choose an example where the group was highly effective, or an example where the group dynamics became an obstacle to performance.mics
In: Operations Management
: We will be looking closely at deontology this week, as well as utilitarianism, and we will be discussing the basis of morality. Deontology is just a means of understanding normative morality. You can do this by applying such things as Kantian Absolutism or Divine Command Theory to problems of a moral nature. This week I want you to use the readings for the week to help you create an argument for or against the culture of the N. discussed in Brockmeier's, "The Jesus Stories." What can you say of them as people and of their philosophy? What would be their collective sense of morality? What does Brockmeier hint that it is? **10 or so well-rounded sentences are required for your initial posting**
In: Psychology
define all these
Organizational structure -
Simple organizational structure -
Functional organizational structure -
Multidivisional organizational structure -
Matrix organizational structure -
International organizational structure -
Network structure -
Boundaryless organizational designs -
Barrier free organizations -
Modular organizations -
Virtual organizations -
Centralized decision making -
Decentralized decision making -
Informal organizational structure -
Building an organization for execution
Staffing the organization -
Managing resources and capabilities-
Structuring the organization -
Three approaches to building resources and capabilities
Developing capabilities internally -
Mergers and Acquisitions -
Collective partnerships -
Staffing the organization
Strong management team -
Recruit, train, retain -
Two signs of good strategy execution-
In: Operations Management
In: Economics