Grocery workers are one of the essential workers in the time of COVID19 pandemic. One of the grocery workers are Costco workers. Suppose that the Costco company wants to hire more workers due to COVID 19 and Costco workers want to work fewer hours due to COVID 19. What will happen to equilibrium wage per hour of Costco workers and equilibrium number of hours of Costco workers? Analyze how equilibrium wage and number of working hours will change due to COVID 19 in three graphs because there may be three cases depending on the relative size of change in labor demand and labor supply. Label clearly Y-axis, X-axis, and two equilibrium points as E0 before COVID 19 and as E1 after COVID 19 and labor demand and supply as LD0 and LS0before COVID 19 and labor demand and supply as LD1 and LS1 after COVID19. Show the change in equilibrium wage and working hours by arrows and summarize how these two (wage and working hours) changes in each case in words after drawing graphs.
In: Economics
Your company has earnings per share of $ 3.84. It has 1.1 million shares outstanding, each of which has a price of $ 38. You are thinking of buying TargetCo, which has earnings per share of $ 0.96, 1.4 million shares outstanding, and a price per share of $ 25. You will pay for TargetCo by issuing new shares. There are no expected synergies from the transaction.
a. If you pay no premium to buy TargetCo, what will your earnings per share be after the merger?
b. Suppose you offer an exchange ratio such that, at current pre-announcement share prices for both firms, the offer represents a 15 % premium to buy TargetCo. What will your earnings per share be after the merger?
c. What explains the change in earnings per share in part (a)? Are your shareholders any better or worse off? d. What will your price-earnings ratio be after the merger (if you pay no premium)? How does this compare to your P/E ratio before the merger? How does this compare to TargetCo's premerger P/E ratio?
In: Finance
24. What should you do when you have two records that represent
the same entity, but both entries have been
used in transactions?
a. Merge the two records.
b. Delete the two records.
c. Merge the transactions that use the entity.
d. Delete the transactions that use the entity.
25. Which statement reflects a valid reason for issuing a vendor
credit?
a. The vendor increases their bill.
b. The vendor reduces their prices.
c. The vendor owes the business for damages.
d. The vendor sent too much merchandise.
26. A customer advance payment occurs when
____________________________________________________________________.
a. a customer pays for merchandise after it is shipped and they are
invoiced
b. a customer returns merchandise after they are invoiced
c. a customer pays for merchandise before it is shipped and they
are invoiced
d. a customer cancels an order after the merchandise has been
shipped
27. If you want to enter an order only one time to record sales and
inventory, what form do you complete first?
a. Invoice
b. Bill
c. Purchase Order
d. Sales Order
In: Accounting
Suppose US (N) and Mexico (S) both can produce soccer balls (SB) and footballs (FB). The unit labor requirements for soccer balls and footballs in the US and Mexico are: a N SB = 10; a N FB = 2; a S SB = 10; a S FB = 10
After trade, if the world relative price pW FB pW SB = 1, which product the US decides to produce? Why? Show full derivation in algebra.
Draw and show the gains from trade for the US using the PPF/CPF graph again. (Use the quanity of Football as the X-axis, draw and label PPF, before and after budget constraints, indifference curves, imports and exports)
After trade, if the US relaxed the immigration policy which increased its population to 150 workers. Which product the US decides to produce then? Does the new immigration policy affect the comparative advantage of the US? Please explain.
If the world relative price pW FB pW SB = 1, would Mexico be better off, worse off, or no change, compared with autarky. Why?
In: Economics
In: Finance
Your company has earnings per share of $ 4.19. It has 1.2 million shares outstanding, each of which has a price of $ 42. You are thinking of buying TargetCo, which has earnings per share of $ 2.10, 1.7 million shares outstanding, and a price per share of $ 26. You will pay for TargetCo by issuing new shares. There are no expected synergies from the transaction.
a. If you pay no premium to buy TargetCo, what will your earnings per share be after the merger?
b. Suppose you offer an exchange ratio such that, at current pre-announcement share prices for both firms, the offer represents a 25 %premium to buy TargetCo. What will your earnings per share be after the merger?
c. What explains the change in earnings per share in part(a)?
Are your shareholders any better or worse off?
d. What will your price-earnings ratio be after the merger (if you pay no premium)? How does this compare to your P/E ratio before the merger? How does this compare to TargetCo's premerger P/E ratio?
In: Finance
Santa Fe Retailing purchased merchandise “as is” (with no
returns) from Mesa Wholesalers with credit terms of 3/10, n/60 and
an invoice price of $24,900. The merchandise had cost Mesa $16,982.
Assume that both buyer and seller use a perpetual inventory system
and the gross method.
1. Prepare entries that the buyer records for the
(a) purchase, (b) cash payment within the discount period, and (c)
cash payment after the discount period.
2. Prepare entries that the seller records for the
(a) sale, (b) cash collection within the discount period, and (c)
cash collection after the discount period.
Journal entry worksheet
Record Santa Fe Retailing purchased merchandise “as is” (with no returns) from Mesa Wholesalers with credit terms of 3/10, n/60 and an invoice price of $24,900.
Record the merchandise had cost Mesa $16,982.
Record cash received within discount period.
Record cash received after discount period.
Note: Enter debits before credits.
I need the answers.
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In: Accounting
Sandhill Co. has had 4 years of record earnings. Due to this success, the market price of its 455,000 shares of $4 par value common stock has increased from $14 per share to $54. During this period, paid-in capital remained the same at $5,460,000. Retained earnings increased from $4,095,000 to $27,300,000. CEO Don Ames is considering either (1) a 15% stock dividend or (2) a 2-for-1 stock split. He asks you to show the before-and-after effects of each option on (a) retained earnings, (b) total stockholders’ equity, and (c) par value per share.
(a)
| 1. | Stock dividend - retained earnings | $ | ||
| 2. | 2-for-1 stock split - retained earnings | $ |
(b)
|
Sandhill Co. |
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|---|---|---|---|---|---|---|
|
Original Balance |
After Dividend |
After Split |
||||
|
Paid-in capital |
$ |
$ |
||||
|
Retained earnings |
||||||
|
Total stockholder’s equity |
$ | $ | $ | |||
|
Shares outstanding |
||||||
(c)
| 1. | Stock dividend - par value per share | $ | ||
| 2. | 2-for-1 stock split - par value per share | $ |
In: Accounting
Assume that you will buy and operate a piece of equipment. The machine costs $25,000. You estimate that the equipment will generate $10,000 revenue, each year for six years. You also estimate that operating costs for the machine will be $4,500 each year for six years. These estimates are in constant 2019 dollars. The inflation rate for revenues is estimated to be 3.5%. The inflation rate for operating costs is estimated to be 5.0%. You will depreciate the machine using the MACRS method, and the 5-year category. The marginal tax rate = 34%. The salvage value = 0.
|
Year |
Revenues Actual $ |
Operating Costs Actual $ |
Before Tax Cash Flow Actual $ |
MACRS % |
Depreciation Amount (dt) |
Book Value |
Taxable Cash Flow |
Tax |
After Tax Cash Flow Actual $ |
|
0 |
NA |
NA |
NA |
NA |
NA |
NA |
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|
1 |
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|
2 |
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3 |
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4 |
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5 |
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6 |
In: Economics
A 121-kg astronaut (including space suit) acquires a speed of 2.20 m/s by pushing off with her legs from a 1600-kg space capsule. Use the reference frame in which the capsule is at rest before the push. Part A: What is the velocity of the space capsule after the push in the reference frame? Express your answer to two significant figures and include the appropriate units. Enter positive value if the direction of the velocity is in the direction of the velocity of the astronaut and negative value if the direction of the velocity is in the direction opposite to the velocity of the astronaut. Part B: If the push lasts 0.600 s , what is the magnitude of the average force exerted by each on the other? Express your answer to three significant figures and include the appropriate units. Part C: What is the kinetic energy of the astronaut after the push in the reference frame? Express your answer to three significant figures and include the appropriate units. Part D What is the kinetic energy of the capsule after the push in the reference frame? Express your answer to two significant figures and include the appropriate units.
In: Physics