Questions
Grocery workers are one of the essential workers in the time of COVID19 pandemic. One of...

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...

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...

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...

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

Lucky Buy Company’s stock has suffered due to several warranty-related lawsuits filed against the company. The...

  1. Lucky Buy Company’s stock has suffered due to several warranty-related lawsuits filed against the company. The company revamped their warranty program and introduced additional customer services to improve the customer experience. Yet, its stock price is only $13 per share. Management is planning a two-for-seven reverse stock split to increase the stock price and bring it closer to the average stock price in the industry. Assume that John Thornton, the last remaining co-founder of the firm, owns 420,000 shares. (7 points)
  1.    How many shares will he own after the reverse stock split?
  2. What is the anticipated price of the stock after the reverse stock split?
  3.    Because investors often have a negative reaction to a reverse stock split, assume the stock only goes up to 85 percent of the value computed in part b. What will the stock’s price be?
  4. How will the total value of John Thornton’s holdings change from before the reverse stock split to after the reverse stock split (based on the stock value computed in part c)?

In: Finance

Your company has earnings per share of $ 4.19. It has 1.2 million shares​ outstanding, each...

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...

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.

Transaction General Journal Debit Credit
a-1

In: Accounting

Sandhill Co. has had 4 years of record earnings. Due to this success, the market price...

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.

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...

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.

  1. Determine the after-tax cash flow, in actual $.
  2. Determine the book value of the machine for each year
  3. Determine the NPW of the actual-dollar, after-tax cash flow, if the MARR = 6%.

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

1

2

3

4

5

6

In: Economics

A 121-kg astronaut (including space suit) acquires a speed of 2.20 m/s by pushing off with...

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