Answer:
The answer is =5.91%
Explanation:
N(Number of periods) = 7 years
I/Y(Yield to maturity) = 6.6percent
PV(present value or market price) = $962
PMT( coupon payment) = ?
FV( Future value or par value) = $1,000.
We are using a Financial calculator for this.
N= 7; I/Y = 6.6; PV = -962; FV= $1,000; CPT PMT= $59.05
Therefore, the coupon rate of the bond is of the bond is $59.05/1000
=5.91%
B) Google and Apple are showing corporate social responsibility because they demonstrate concern for their investors,which is exactly where their focus should be.
C) Blackberry is acting philanthropically toward government.
D) Google and Apple are showing their distrust for big government,and their avoidance of contributing toward philanthropic causes.
Answer:
A) Laws represent the minimum guidelines that companies must follow,whereas a firm's ethical stance may venture beyond the minimum level of compliance.
Explanation:
In the given scenario there are laws that allows community and state police to set up sobriety check points that discourages drunk drivers and saves lives.
The inclusion or removal of applications that helps drunk drivers avoid these checkpoints is not covered by the law. So if a company decides to include such applications it is at their discretion.
Blackberry have chosen to remove applications that helps drunk drivers avoid checkpoints. This is an example of when a company has ventured beyond the minimum level of compliance because of their ethical stance.
Google and Apple however have only ventured beyond the minimum compliance level because they have refused to honour requests by legislators to remove apps that permit smartphone users to navigate around the checkpoints.
The statement that applies to this situation is : "Laws represent the minimum guidelines that companies must follow, whereas a firm's ethical stance may venture beyond the minimum level of compliance."
The correct answer is option A
In the scenario described, the companies are facing a situation where lawmakers have requested the removal of apps that allow users to navigate around sobriety checkpoints.
Option A is the most suitable because it reflects the fundamental distinction between legal compliance (following the law) and ethical behavior (going beyond what the law mandates). Let's break it down further:
Laws represent the minimum guidelines that companies must follow: This statement acknowledges that companies are legally obligated to comply with the laws and regulations of the jurisdictions in which they operate. In this case, lawmakers have made a request, but it's not legally mandated to remove these apps.
A firm's ethical stance may venture beyond the minimum level of compliance: This part of the statement highlights that ethical behavior goes beyond what is legally required.
Therefore, option A is correct.
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b. False.
The answer & explanation for this question is given in the attachment below.
b. A furnace repair team that services an average of 2 furnaces a day if the design capacity is 6 furnaces a day and the effective capacity is 5 furnaces a day.
c. Would you say that systems that have higher efficiency ratios than other systems will always have higher utilization ratios than those other systems
Answer:
a. Utilization= 30%
Efficiency= 42.85%
b. Utilization= 33.33%
Efficiency=40%
c. . Based on the calculations , the utilization will tend to relied on the design capacity and it may vary accordingly.
Explanation:
a. Calculation to Determine the utilization and efficiency for each
Calculation for utilization
Using this formula
Utilization = (Actual Output/Design Capacity)*100
Let plug in the formula
Utilization= (3/10)*100
Utilization= 30%
Using this formula to calculate for efficiency
Let plug in the formula
Efficiency = (Actual Output/Effective Capacity)*100
Efficiency= (3/7)*100
Efficiency= 42.85%
b. Calculation for utilization
Using this formula
Utilization = (Actual Output/Design Capacity)*100
Let plug in the formula
Utilization= (2/6)*100
Utilization= 33.33%
Using this formula to calculate for efficiency
Let plug in the formula
Efficiency = (Actual Output/Effective Capacity)*100
Efficiency= (2/5)*100
Efficiency=40%
c. In a situation where the design capacity is High this means that there is likelyhood that the utilization could be lesser despite the efficiency was high.
Therefore based on the above calculations , the utilization will tend to relied on the design capacity and it may vary accordingly.
Utilization and efficiency are calculated for loan processing and furnace repair operations. Higher efficiency does not always mean higher utilization.
a. To determine the utilization of the loan processing operation, we divide the average number of loans processed per day by the design capacity: 3 loans / 10 loans = 0.3 or 30%. The efficiency can be found by dividing the average number of loans processed per day by the effective capacity: 3 loans / 7 loans = 0.43 or 43%.
b. Utilization for the furnace repair team is found by dividing the average number of furnaces serviced per day by the design capacity: 2 furnaces / 6 furnaces = 0.33 or 33%. Efficiency is calculated by dividing the average number of furnaces serviced per day by the effective capacity: 2 furnaces / 5 furnaces = 0.4 or 40%.
c. No, systems with higher efficiency ratios do not always have higher utilization ratios. Efficiency measures how well resources are utilized, while utilization measures the percentage of available capacity being used. For example, a system with low efficiency may still have high utilization if it is operating at or near its design capacity. Conversely, a system with high efficiency may have low utilization if it is operating well below its design capacity.
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Answer: a. always declines with increased levels of output.
Explanation: the average fixed cost curve graphically illustrates or shows the relation between average fixed cost a firm incurs in the short-run production of a good or service, and the quantity produced. The average fixed cost curve always declines with increases in the level of output resulting in a negatively sloped curve. This is to say that the average fixed cost is relatively high at smaller quantities of output, which then declines as the level of production increases--the more output increases, the more average fixed cost declines. Why this occurs is that a given fixed cost is spread over an increasingly larger quantity of output and as such, firms can profitably charge a lower price with increased output.
Answer:
Instructions are below.
Explanation:
Giving the following information:
Unit sales price $ 30
Variable cost per unit 6
Fixed costs per year 360,000
To calculate the contribution margin ratio, we need to use the following formula:
Contribution margin ratio= contribution margin / selling price
Contribution margin ratio= (30 - 6) / 30
Contribution margin ratio= 0.8
The break-even point in dollars formula is:
Break-even point (dollars)= fixed costs/ contribution margin ratio
Break-even point in units= 360,000 / 0.8
Break-even point in units= $450,000
Now, the desired profit is $440,00:
Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio
Break-even point (dollars)= (360,000 + 440,000) / 0.8
Break-even point (dollars)= $1,000,000
Finally, the margin of safety:
Sales= 60,000*30= $18,000,000
Margin of safety= (current sales level - break-even point)
Margin of safety= 18,000,000 - 450,000
Margin of safety= $17,550,000
Answer:
$55,800
Explanation:
The computation of the net realizable value of accounts receivable is shown below:
Net realizable value of account receivable = Account receivable - Allowance for Uncollectible Accounts
= $62,300 - $6,500
= $55,800
By deducting the allowance for uncollectible accounts from the account receivable so that the net realizable value of the account receivable