XYZ used an investment bank to do IPO. In IPO, XYZ sold 1 million shares at $60 each. The investment bank charged 7% spread. At the end of the 1st day of trading, XYZ stock price closed at $79. Calculate the total cost of IPO. That is, what is the sum of direct and indirect cost?
In: Finance
XYZ used an investment bank to do IPO. In IPO, XYZ sold 1 million shares at $66.52 each. The investment bank charged 7% spread. At the end of the 1st day of trading, XYZ stock price closed at $72.63. Calculate the total cost of IPO. That is, what is the sum of direct and indirect cost?
In: Finance
Laura Moore has recently left her job as a Graphic Designer to open her own Company; a Graphic Design Agency dedicated to the creation and design of apps for mobile devices. Laura has decided to be self-employed.
To do so, she will have her business premises, which belongs to her father, in downtown Barcelona and she will have to hire:
1. To hire the administrative assistant, Marta has decided to offer an indefinite contract. She is her first employee that Marta will hire and she has a recognized degree of disability of 37%. Explain to Marta what bonuses and reductions could be applied in the hiring of the administrative and what type of contract should she carry out, exposing its main characteristics. You must prepare the work contract of the Administrative Assistant according to the appropriate official model.
Once the contract has been drafted and completed according to Spanish regulations, you must specify in detail the differences it would have had it been made according to the regulations of the United Kingdom.
2. Knowing the salaries agreed upon with each of the two workers, prepare the payroll for each of them. Make sure you detail the steps you have taken and the financial nature of each of the items involved:
a. Administrative Assistant. Three months seniority. She has an indefinite work contract, base salary: € 1,500. Collective bargaining: € 50.
She has two extraordinary six-month accrual pays and receives them on 06/30 and 12/31 of each year for an amount equal to the base salary. She has a disability of 37% and is single without children. She has made two overtime hours that month at a rate of € 15/h.
b. Visual designer. 2 months seniority. He has a temporary contract.
Base salary: € 1,950. Collective bargaining: € 100. Productivity: € 6 / day. He has two extraordinary six-month accrual payments and receives them apportioned each month. He is married and has a 9-year-old son (his spouse receives an income of over € 1,500/year).
Once you have developed all the steps to follow in each case and the amount of the items, design and present the official payroll of the administrative assistant.
In: Operations Management
Laura Moore has recently left her job as a Graphic Designer to open her own Company; a Graphic Design Agency dedicated to the creation and design of apps for mobile devices. Laura has decided to be self-employed. To do so, she will have her business premises, which belongs to her father, in downtown Barcelona and she will have to hire: A visual designer A developer An administrative assistant 1. To hire the administrative assistant, Marta has decided to offer an indefinite contract. She is her first employee that Marta will hire and she has a recognized degree of disability of 37%. Explain to Marta what bonuses and reductions could be applied in the hiring of the administrative and what type of contract should she carry out, exposing its main characteristics. You must prepare the work contract of the Administrative Assistant according to the appropriate official model. Once the contract has been drafted and completed according to Spanish regulations, you must specify in detail the differences it would have had it been made according to the regulations of the United Kingdom. 2. Knowing the
salaries agreed upon with each of the two workers, prepare the payroll for each of them. Make sure you detail the steps you have taken and the financial nature of each of the items involved: a. Administrative Assistant. Three months seniority. She has an indefinite work contract, base salary: € 1,500. Collective bargaining: € 50. She has two extraordinary six-month accrual pays and receives them on 06/30 and 12/31 of each year for an amount equal to the base salary. She has a disability of 37% and is single without children. She has made two overtime hours that month at a rate of € 15/h. b. Visual designer. 2 months seniority. He has a temporary contract. Base salary: € 1,950. Collective bargaining: € 100. Productivity: € 6 / day. He has two extraordinary six-month accrual payments and receives them apportioned each month. He is married and has a 9-year-old son (his spouse receives an income of over € 1,500/year). Once you have developed all the steps to follow in each case and the amount of the items, design and present the official payroll of the administrative assistant.
In: Operations Management
In: Operations Management
CASE : Manuel Market opens first branch in Riyadh
Manuel Market, a Jeddah-based supermarket retailer, opened its first branch in Riyadh on Feb. 26, 2020.
The ninth and newest Manuel Market, located in Riyadh-Mercato, Prince Muqrin bin Abdul Aziz Street, An-Nuzhah district, aims to provide customers a luxurious shooping experience, the best service, and the finest healthy, natural and organic products at reasonable prices. The opening ceremony was attended by Khaled Al-Darwish, CEO of Manuel Market; Abdulelah Al-Darwish, chairman; Abdullah Al-Darwish; Abdulrazzaq Al-Darwish, general manager; Faisal Al-Darwish, deputy general manager; a group of businessmen and media representatives; and a gathering of Manuel’s customers.
The supermarket chain, which opened its first branch in Jeddah
in 2010, currently has seven branches in Jeddah, one in Jubail and
one in the Saudi capital.
CEO Al-Darwish said: “The Manuel Market chain offers the best and
widest selection of consumer goods and food products of the most
famous global brands. In addition to being a leader in the field of
organic and healthy natural foods, Manuel provides its customers
with outstanding national and international product options under
one roof.”
One of the most important goals of Manuel, Al-Darwish said, is to
“make a positive difference in people’s lives by paying attention
to their passion, understanding their needs, and meeting their
aspirations.” He also reiterated Manuel’s commitment to developing
and improving service levels to meet the demands of its
customers.
Question: Suggest your strategies to differentiate Manuel Market from other super markets in Riyadh
In: Operations Management
| Average Oil Prices | |
| Year | Price per Barrel |
| 1949 | $2.54 |
| 1950 | $2.51 |
| 1951 | $2.53 |
| 1952 | $2.53 |
| 1953 | $2.68 |
| 1954 | $2.78 |
| 1955 | $2.77 |
| 1956 | $2.79 |
| 1957 | $3.09 |
| 1958 | $3.01 |
| 1959 | $2.90 |
| 1960 | $2.88 |
| 1961 | $2.89 |
| 1962 | $2.90 |
| 1963 | $2.89 |
| 1964 | $2.88 |
| 1965 | $2.86 |
| 1966 | $2.88 |
| 1967 | $2.92 |
| 1968 | $2.94 |
| 1969 | $3.09 |
| 1970 | $3.18 |
| 1971 | $3.39 |
| 1972 | $3.39 |
| 1973 | $3.89 |
| 1974 | $6.87 |
| 1975 | $7.67 |
| 1976 | $8.19 |
| 1977 | $8.57 |
| 1978 | $9.00 |
| 1979 | $12.64 |
| 1980 | $21.59 |
| 1981 | $31.77 |
| 1982 | $28.52 |
| 1983 | $26.19 |
| 1984 | $25.88 |
| 1985 | $24.09 |
| 1986 | $12.51 |
| 1987 | $15.40 |
| 1988 | $12.58 |
| 1989 | $15.86 |
| 1990 | $20.03 |
| 1991 | $16.54 |
| 1992 | $15.99 |
| 1993 | $14.25 |
| 1994 | $13.19 |
| 1995 | $14.62 |
| 1996 | $18.46 |
| 1997 | $17.23 |
| 1998 | $10.87 |
| 1999 | $15.56 |
| 2000 | $26.72 |
| 2001 | $21.84 |
| 2002 | $22.51 |
| 2003 | $27.54 |
| 2004 | $38.93 |
| 2005 | $46.47 |
| 2006 | $58.30 |
| 2007 | $64.67 |
| 2008 | $91.48 |
| 2009 | $53.48 |
| 2010 | $71.21 |
| 2011 | $87.04 |
| 2012 | $93.02 |
| 2013 | $97.91 |
| 2014 | $93.26 |
| 2015 | $48.69 |
| 2016 | $43.14 |
| 2017 | $50.88 |
a) Using the 1949 oil price and the 1969 oil price, compute the annual growth rate in oil prices during the 20 yr period. b) Compute the growth rate between 1969 & 1989 and between 1989 & 2017. c) given the price in 2017 and your growth rate between 1989 and 2017 compute the future price of oil in 2020 & 2025.
In: Finance
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In: Accounting
Comprehensive Accounting Cycle Review
15.ACR Quigley Corporation's trial balance at December 31, 2020, is presented below. All 2020 transactions have been recorded except for the items described below.
| Debit | Credit | |
|---|---|---|
| Cash | $ 25,500 | |
| Accounts Receivable | 51,000 | |
| Inventory | 22,700 | |
| Land | 65,000 | |
| Buildings | 95,000 | |
| Equipment | 40,000 | |
| Allowance for Doubtful Accounts | $ 450 | |
| Accumulated Depreciation—Buildings | 30,000 | |
| Accumulated Depreciation—Equipment | 14,400 | |
| Accounts Payable | 19,300 | |
| Interest Payable | -0- | |
| Dividends Payable | -0- | |
| Unearned Rent Revenue | 8,000 | |
| Bonds Payable (10%) | 50,000 | |
| Common Stock ($10 par) | 30,000 | |
| Paid-in Capital in Excess of Par—Common Stock | 6,000 | |
| Preferred Stock ($20 par) | -0- | |
| Paid-in Capital in Excess of Par—Preferred Stock | -0- | |
| Retained Earnings | 75,050 | |
| Treasury Stock | -0- | |
| Cash Dividends | -0- | |
| Sales Revenue | 570,000 | |
| Rent Revenue | -0- | |
| Bad Debt Expense | -0- | |
| Interest Expense | -0- | |
| Cost of Goods Sold | 400,000 | |
| Depreciation Expense | -0- | |
| Other Operating Expenses | 39,000 | |
| Salaries and Wages Expense | 65,000 | |
| Total | $803,200 | $803,200 |
Unrecorded transactions and adjustments:
Instructions
(Ignore income taxes.)
(a)
Prepare journal entries for the transactions and adjustment listed above.
(b)
Prepare an updated December 31, 2020, trial balance, reflecting the journal entries in (a).
Total $871,200
In: Accounting
The market for Wolverine Root Beer is shown in the following demand and supply schedules:
Price (6-pack of Wolverine Root Beer) Quantity Demanded Quantity Supplied
5.00 300 300
4.50 400 250
4.00 600 200
3.50 900 150
3.00 1400 100
Draw a graph to illustrate the market demand and supply for Wolverine Root Beer. What is the equilibrium price and quantity? Describe the situation that would result if the price of Wolverine Root Beer was $4.00.
Gertrude loves both Wolverine Root Beer and Spartan Root Beer. What if she goes shopping and finds that Wolverine Root Beer's price has just risen from $3.00 to $4.00 a six-pack. What effect will this have on her demand for Spartan Root Beer? Why? Use words and graphs to show what will happen in both the Wolverine and Spartan root beer markets (use separate graphs for each product).
Gertrude enjoys eating hot dogs with her root beer (all brands of root beer). What effect would rise in the price of hot dogs have on her demand for root beer? Why? Again, use words and a graph for the root beer market to demonstrate your answer.
Wolverine and Spartan root beer are the best root beers according to the Root Beer Review. But to save money Gertrude usually buys the generic store brand root beer – People’s Choice brand- that is also sold where Gertrude shops. Suppose that Gertrude gets a promotion and a big pay raise at work. What will this do to her demand for generic root beer? Draw a graph of the generic root beer market and explain what happened and why.
A manufacturer can produce hot dog buns and hamburger buns using similar production technology. Suppose that, ceteris paribus, the price of hamburgers rises dramatically. How will this affect the production decisions of this manufacturer? Use a graph to show the effect on the hot dog bun market.
In Canada, the city government in Vancouver introduced rent controls in the rental housing market in after the New Democratic Party took over. Explain what kind of price control is rent control (floor or ceiling). Draw a graph and explain what the situation was like before and after the new government took over.
Hip urban coffee shops with wi-fi, comfy couches and spaces to socialize are found to increase productivity and innovation in a wide variety of local industries whether or not their employees actually go to the coffee shops. What type of externality (or spillover) does this create and what policy should be enacted? In words and a graph, explain how resources are misallocated (over- or under-allocated) and the action the government should take.
In: Economics