A company has a $36 million portfolio with a beta of 1.2. The futures price for a contract on the S&P index is 900. Futures contracts on $250 times the index can be traded. What trade is necessary to achieve the following. (Indicate the number of contracts that should be traded and whether the position is long or short.)

a. Eliminate all systematic risk in the portfolio
b. Reduce the beta to 0.9
c. Increase beta to 1.8

Answer:

The correct answer is letter "B": the accounting data for the last five years.

Explanation:

A Business Plan is a written document that states how a company will achieve its goals. Few good companies last long without one. Business plans give direction to new companies, while established ones used them to determine new ventures. A business plan should paint a clear picture of the costs and drawbacks that come with each important decision.

Requesting and analyzing accounting data for the last five years is not included in the making of a business plan.

Final answer:

The accumulated depreciation of Vore Corp.’s equipment at December 31, 20X5, using the 150% declining balance method, is calculated by applying a 30% depreciation rate to the diminishing book value each year. After two years, the accumulated depreciation is $102,000.

Explanation:

To calculate the accumulated depreciation for Vore Corp.’s equipment at the end of two years using the 150% declining balance method, we need to apply the accelerated depreciation rate to the book value at the beginning of each year. As the equipment was purchased for $200,000 with a salvage value of $20,000, the depreciation base is $180,000. The annual depreciation rate is therefore 150% divided by the useful life of the equipment, which is 5 years, resulting in a 30% annual depreciation rate.

For the first year (20X4), the depreciation expense is 30% of $200,000, which is $60,000. The book value at the end of the first year will be $200,000 - $60,000 = $140,000. For the second year (20X5), we apply the 30% rate to the new book value of $140,000, resulting in a depreciation expense of $42,000 for that year. Therefore, the total accumulated depreciation at the end of 20X5 would be the sum of the two years’ depreciation expenses, which is $60,000 + $42,000 = $102,000.

Answer:All of these are correct.

Explanation:CRM(customer relations management) is a concept applied by Organisations to help them manage their relationship with their customers,it helps to know what customers need and do the necessary changes or actions to meet them.

Analytical customer relationship management has to do with the analysis(slicing and dicing)carried out on customer information in order to understand the values customer have for a given product or service, customer spending choices and customer segmentation. Analytical CRM is very useful in making effective customer satisfaction and customer relationship.

The email contains several areas where improvements can be made in grammar and sentence structure, including incomplete sentences, subject-verb agreement errors, apostrophe misuse, and informal language. Recommendations for improvement include revising incomplete sentences, ensuring subject-verb agreement, using apostrophes correctly, and replacing informal language with formal language.

In the email, there are several areas where improvements can be made in grammar and sentence estructur:

Recommendations for improvement:

https://brainly.com/question/33575274

#SPJ3

Answer:

Wages expense 240,000

  medicare payable          3,600 credit

  social security payable 14,400 credit

  wages payable          222,000 credit

payroll taxes         20,205‬ debit

   FUTA payable                  280  credit

   SUTA payable                1,925  credit

  medicare payable          3,600 credit

  social security payable 14,400 credit

Explanation:

                   MEDICARE 1.5% Social Security 6&

OASDI/HI    $ 240000 3600       14400

FUTA&SUTA $ 35000 SUTA: 5.5% = 1925 FUTA 0.8% = 280

NET WAGES:

240,000 - 3,600 - 14,400 =222,000

payroll taxes:

the employe pays the same amount for OASDI and HI and also pays FUTA and SUTA

14,400 + 3,600 + 1,925 + 280 = 20,205‬

Answer:

a) Average number of days in 2011 = 53 days

b) The days are lower than 2010, so it is better than 2010.

Explanation:

the question is to calculate the average number of days that receivables were outstanding in 2011

First, the formula

= (Accounts Receivable/The Net Credit Sales for the Period) x 365 days (days in a year)

Therefore:

1) The Net Sales for 2011 = $3,636 million

Accounts receivable for 2011=  $527.9 million

We then calculate the Receivable days outstanding for 2011 as follows

= 527.9 million  / 3,636 million x 365 = 53 days

2) The Net Sales for 2010= $3,359.1 million

Accounts receivable for 2010=  $501  million

We then calculate the Receivable days outstanding for 2010 as follows

= 501 million  / 3359.1 million x 365 = 54. 4 day

It should be noted that the higher the days of receivable were outstanding then the slower the revenue collection rate after sales. Therefore, a lower number of days is better.

Based on this, 2011 is better than 2010 because the number of days have reduced from 54.4 to 53 days.

Answer:

C. (0.323)

Explanation:

The computation of financial leverage is shown below:

= (Average net nonoperating obligations) ÷ ( average equity)

= ($4,033 million) ÷ ($12,483 million)

= (0.323)

In order to find out the financial leverage, we deduct the average net non-operating obligations by the average equity so that the financial leverage could come

The financial leverage (FLEV) for Nike Inc. in 2016 is approximately 1.91. None of the provided options in the choices accurately represents this ratio, as FLEV is typically a positive value.

To calculate the financial leverage (FLEV) for Nike Inc. in 2016, you can use the following formula:

[tex]\[FLEV = \frac{NOA}{NOA + NNO}\][/tex]

Where:

- NOA = Average Net Operating Assets

- NNO = Average Net Nonoperating Obligations

Plugging in the given values:

NOA = $8,450 million

NNO = $(4,033) million (note that this value is negative)

[tex]\[FLEV = \frac{8,450}{8,450 - 4,033} = \frac{8,450}{4,417} \approx 1.91\][/tex]

Since the result is positive, the correct answer is none of the provided options.

For more questions on  financial leverage:

https://brainly.com/question/24108637

#SPJ3

The balance sheet of the Bowler Corporation for 2021 includes total assets of $196,000 (cash, accounts receivable, inventory, and net equipment), total liabilities of $106,000 (accounts payable and salaries payable) and total equity of $90,000 (common stock and retained earnings). The sum of total liabilities and total equity equals the total assets, corroborating the fundamental accounting equation.

The Balance Sheet of Bowler Corporation for the year ending 2021 would look like this:

=$196,000

=$106,000

=$90,000

Do note that the Total Assets is equal to Total Liabilities plus Total Equity which satisfies the fundamental accounting equation.

https://brainly.com/question/34287613

#SPJ3

Answer:

0.06 per spike set sold

Explanation:

The computation of the variable marketing cost per spike set is shown below:

Variable cost per spike set  = (High total marketing cost - low total marketing cost) ÷ (High sales volume - low sales volume )

= ($83,092 - $72,871) ÷ (561,080 - 390,728)

= $10,221 ÷ 170,352

= 0.06 per spike set sold

Hence, the variable marketing cost per spike set is $0.06

Answer:

i.

a. Break-even volume: 70,423 units;

b. Unit cost if 100,000 units are made: $31;

c. Annual profit at 100,000 units made: $420,000.

ii.

The company should make this garment if the company should be able to manufacture and sell 105,634 units per year.

Explanation:

i.

a. Break-even volume:

Denote x is the break-even volume, then we have:

1,000,000 = 0.4* X * ( 28 - 21) + 0.6 * X * ( 40 -21) <=> 14.2X = 1,000,000 <=> X = 70,423 units;

b. Unit cost if 100,000 units are made:

Total cost if 100,000 units are made = 1,000,000 + 100,000 * 21 = $3,100,000;

Unit cost = 3,100,000 / 100,000 = $31.

c. Annual profit at 100,000 units made = Total revenue - Total cost = 100,000*0.4*28 + 100,000*0.6*40 - 3,100,000 = 3,520,000 - 3,100,000 = $420,000.

ii.

To meets the minimum expected profit given costs, selling price and sell structure remains the same, the company should be able to manufacture and sell Y units per year, with Y is calculated as below:

0.4 * Y * (28-21) + 0.6 * Y * (40-21) - 1,000,000 = 500,000 <=> 14.2Y - 1,000,000 = 500,000 <=> 14.2Y = 1,500,000 <=> Y = 105,634 units

So, it should make this garment if the company should be able to manufacture and sell 105,634 units per year.

Answer:

C. Stratified Sampling

Explanation:

Stratified  sampling is a form of sampling in which the populations in divided into sub groups called strata, each sub groups must be representative of all the elements found in the population. After this, a random sampling method is applied to select for study as seen in the study conducted in this question.

Answer:

C) Stratified

Explanation:

It is stratified sampling because you want to get information from groups that are mutually exclusive while also maintaining representative sample of the population.

Answer: D. Dollarization

Explanation: Ecuador officially changing its currency to the US dollar means that it has substituted its Sucre with the Dollar. This is termed dollarization, also known as currency substitution, a process whereby a country, officially, or its residents, unofficially, adopting the US dollar or other foreign currency in parallel to or instead of the domestic currency. It has its advantages as well as disadvantages. Some of the advantages include lower administrative costs, a firm basis for a sounder financial sector, and lower interest rates. Its disadvantages ranges from the loss of monetary autonomy, national symbol as well as greater vulnerability to foreign influence among others.

Answer:

The entries are prepared and explained in the explanations.

Explanation:

The question is to prepare the adjusting entries recorded by Yum! Brand

Number 1:

Account Items                                   Debit                   Credit

Cash                                               $60,000

Foreign Exchange loss                   $5,000

Accounts Receivable                                                  $65,000

(1,000,000 x 0.06= $60,000

65,000 - 60,000= $5,000 loss)

Number 2:

Account Items                                   Debit                   Credit

Cash                                              $168,750

Account Receivable                                                     $165,000

Foreign Exchange gain                                                $3,750

225,000 x 0.75= 168, 750

$168,750- $165,000 = $3,750

Number 3:

Account Items                                   Debit                   Credit

Accounts Payable                           $556,000

Foreign Exchange loss                    $8,000

Cash                                                                             $564,000

400,000 x $1.41 = $564,000

564,000-556,000= $8,000

Number 4:

Account Items                                   Debit                   Credit

Accounts Payable                          $56,000

Foreign Exchange gain                                                $2,000

Cash                                                                               $54,000                                

200,000 x $0.27= $54,000

56,000- 54,000=$4000

Answer:hahah

Explanation:u are so unsmart hahah lol

Answer:

d. may be involved with the sale of new marketing programs to clients.

Explanation:

A revenue center manager -

It refers to the person , who is responsible for the generation of the sales , is referred to as a revenue center manager .

A good revenue center manager is determined by his or her ability to generate the sales , not  by the cost incurred .

Hence , from the given question,

The correct option is d.

Relational integrity constraints ensure data quality and consistency in a relational database, while business rules are broader guidelines for organizational success. Relational integrity constraints focus on the database, while business rules consider the organization as a whole.

Relational integrity constraints are rules that are applied to the data in a relational database to ensure its quality and consistency. These constraints can include primary key constraints, foreign key constraints, and other rules that define the relationships between tables in the database. They ensure that data is correctly and consistently stored and manipulated.

On the other hand, business rules are specific rules or guidelines that are defined by an organization to ensure its success and operational efficiency. These rules can include policies, regulations, and best practices that govern the behavior and actions of the organization's members.

In comparison, while relational integrity constraints primarily focus on the data integrity and consistency within a database, business rules encompass a broader scope and consider the overall goals and requirements of the organization. Both are important for the success of an organization, but business rules often require more insight and knowledge specific to the organization.

https://brainly.com/question/32245938

#SPJ6

Answer:

D. 20 dogs walked and 4 dogs groomed

Explanation:

The point (20,4) comes inside of the PPF, if we place all the point on a graph paper then we get a graph where the point (20,4) is inside than the other points so it is not on the PPF .

Answer:

Real GDP (2014 price) = $ 250

Explanation:

GDP is the total value (PxQ) of goods & services, produced by an economy during a period of time. Real GDP is the value at constant base year prices.

Given [2015] : Fish Quantity =  5 , Computer Chip Quantity =  20

Base Year [2014] price : Fish = $10 , Computer Chip = $10

2015 Real GDP at 2014 base year price = Price 2014 x Quantity 2015

= (Fish PXQ) + (Computer Chip PXQ)

= (10 x 5) + (10 x 20)

= 50 + 200

= $ 250

The Real GDP in 2015 (at 2014 prices) is calculated by multiplying the quantities of goods produced in 2015 by their 2014 prices, resulting in a total of $250.

The student's question involves calculating the Real GDP in 2015 using 2014 prices. To find the Real GDP for 2015, we use the quantities of goods produced in 2015 and multiply them by the prices from 2014. For fish, in 2015, 5 pounds were produced, and the 2014 price was $10 per pound. For computer chips, 20 were produced in 2015, with the 2014 price being $10 each.

The Real GDP in 2015 at 2014 prices can be calculated as follows:

Real GDP from fish = Quantity in 2015 imes Price in 2014 = 5 pounds imes $10/pound = $50

Real GDP from computer chips = Quantity in 2015 imes Price in 2014 = 20 chips imes $10/chip = $200

Adding these values together gives:

Real GDP in 2015 (at 2014 prices) = $50 + $200 = $250 dollars.

Answer:

a. $537,300

b.            Aikman Company  

             Income Statement  

For the year ended December 31, 2022  

Sales Revenue                 $910,000

Less: Cost of goods sold  

Raw material, beginning               21,000

Add:Purchases                  150,000

Raw materials available    171,000

Less: Raw material, end    30,000

Cost of raw material used    141,000

Add: Direct labor                  220,000

Prime Cost                           361,000

Add: Factory overhead   180,000

Manufacturing cost            541,000

Add: Work in process, beginning   13,500

Less: Work in process, Ending     17,200

Cost of Goods Manufactured  537,300

Add: Finished Goods, beginning   27,000

Less: Finished Goods, Ending    21,000

Cost of Goods Sold          543,300

Gross Profit                 $366,700

c. Raw materials, ending $30,000

Work in process, ending $17,200

Finished goods, ending $21,000

Total inventory               $68,200

d. The difference in the balance sheet and income statement of Aikman Company to Merchandising company is that, Aikman income statement consists of expenses arising from the manufacturing of goods that the merchandising company never incur. In addition to that, Aikman Company has ending inventory of Raw materials, work in process and finished goods while the other merchandising company only has ending inventory of good purchased not yet sold.

Explanation:

a. Aikman's statement of goods manufactured is presented below.    

               Aikman Company

Statement of Cost of Goods Manufactured

For the year ended December 31, 2022

Raw material, beginning               21,000

Add:Purchases                  150,000

Raw materials available    171,000

Less: Raw material, end    30,000

Cost of raw material used    141,000

Add: Direct labor                  220,000

Prime Cost                           361,000

Add: Factory overhead   180,000

Manufacturing cost            541,000

Add: Work in process, beginning   13,500

Less: Work in process, Ending     17,200

Cost of Goods Manufactured  537,300

b. Income statement of Aikman starts from the sales revenue that the company incurs for the period and then deduct the cost of goods sold to arrive the gross profit.

c. Aikman's inventory balance consists of Raw materials, work in process and finished goods balances.

The cost of goods manufactured for Aikman Company is calculated by adding materials, labor, and overhead costs to the opening WIP inventory and subtracting the ending WIP inventory. This is deducted from sales revenue to reveal gross profit. A merchandising company’s financial statements differ in that their COGS does not involve production costs.

To calculate the Cost of Goods Manufactured (COGM) for Aikman Company, we need to add the costs of materials, labor, and manufacturing overhead to the beginning Work in Process (WIP) inventory, and then subtract the ending WIP inventory. The COGM is the total cost incurred to manufacture products and transfer them into finished goods inventory during a set time period.

To prepare an income statement through gross profit, we need to subtract the COGM from the sales revenue. The balance left is the gross profit. The ending inventories would be presented under the current assets section in the balance sheet dated December 31, 2022.

Comparatively, a Merchandising company's financial statements differ mainly in terms of cost calculation. These companies directly purchase finished goods, thus their Cost of Goods Sold (COGS) would not include production costs such as direct labor or manufacturing overhead that are common for manufacturing companies like Aikman.

Learn more about Cost of Goods Manufactured here:

https://brainly.com/question/34217201

#SPJ6

Answer:

correct option is a. common costs

Explanation:

solution

As common costs are  those associated with operating a facility shared by the two departments

and here One facility located in Iowa  and corn from the facility will be more further process into the corn for popping and the cornmeal

so as given cost at given costs at Iowa plant is common costs

so correct option is a. common costs

Answer:

Asynchronous Transfer Mode (ATM)

Explanation:

A middleware is a software that connects the frontend (user interface) with the backend (software core). For example when a user makes a request for data it passes throught the middleware before it gets to the backend where databases are stored.

Asynchronous transfer module (ATM) is a transfer protocol for transferring packets of data. Has more to do with networking.

'Asynchronous Transfer Mode (ATM)' is not an important middleware standard. Rather, it's a data transmission protocol. Therefore, it does not belong to the same category as CORBA, DCE, and ODBC, which are key middleware standards.

In the context of middleware standards, 'Asynchronous Transfer Mode (ATM)' is not regarded as an important middleware standard. Middleware allows applications to communicate with each other and work cohesively in an interconnected environment. Middleware standards like CORBA (Common Object Request Broker Architecture), DCE (Distributed Computed Environment), and ODBC (Open Database Connectivity) help in achieving this objective. However, 'Asynchronous Transfer Mode (ATM)' is actually a protocol used for data transmission and does not belong to the middleware category.

https://brainly.com/question/33165905

#SPJ12

Answer:

Price elasticity of demand using midpoint method is -1.1282

Explanation:

Formula of price elasticity of demand using midpoint method is as follows:

Price elasticity of demand = (Change in Demand / Average of demands) / (Change in Price / Average of Prices)

Price elasticity of demand = ( 12,500 - 7,000 ) / [( 12500 + 7000 ) /2 ] / ( 3 - 5 )/[( 3 + 5 ) /2]

Price elasticity of demand = (5500 / 9750) / ( -2 / 4)

Price elasticity of demand = 0.5641 / -0.5

Price elasticity of demand = -1.1282

The price elasticity of demand for fidget spinners is approximately 1.1282 using the midpoint method.

The price elasticity of demand measures how responsive the quantity demanded of a good is to changes in its price. To calculate the price elasticity of demand using the midpoint method, we use the formula:

Price Elasticity of Demand = [% Change in Quantity Demanded] / [% Change in Price]

In this case, the initial price is $5 and the final price is $3. The initial quantity demanded is 7,000 and the final quantity demanded is 12,500. Applying the formula, we can calculate the price elasticity of demand as:

Price Elasticity of Demand = [(12,500 - 7,000) / ((12,500 + 7,000) / 2)] / [(3 - 5) / ((3 + 5) / 2)]

Price Elasticity of Demand = [(5,500 / 9,750) / (-2 / 4)]

Price Elasticity of Demand = (-0.5641) / (-0.5)

Price Elasticity of Demand ≈ 1.1282

https://brainly.com/question/31452681

#SPJ3

Answer:

The correct answer is letter "C": How the bill is shared has no effect on what and how much people choose to eat.

Explanation:

Regardless of the price, the friend who likes steak, the other who drinks wine, and the vegetarian are unlikely to change their eating preferences. Just because the bill is to be shared it does not imply that the vegetarian will eat stake or that the friend who eats steak will prefer to choose wine.

Answer:

The answer is a. True.

Explanation:

During the initial stages, the members might be concerned that the project work might be difficult and this can act as a demotivating factor in the long run.

Because of this, if the manager can start the initial stages of planning of the operating methods, thus will be helpful to ease the tension and the doubts among the members.

Answer:

D) markets usually lead to efficiency.

Explanation:

The incentives built into the economy ensures that the efficiency is achieved in markets except in case of market failure.

Answer:

$1.0391

Explanation:

The question is asking for the calculation of the present value of a future sum.

First, the Future Value = $120,000 = FV

The number of years to achieve the value is = 23 years = N

and the earning interest rate per year is 66%= r

Based on these information, the formula for calculating the future value is as follows:

FV / (1/ (1+ r)∧)n)

Using the formula, we have the following:

$120,000/ [1/(1+0.66)∧23]

$120,000 /(1/115474.48258)

$120,000/ (0.0000086599)

=$1.0391

Using the compound interest formula and provided the interest is compounded annually, it's calculated that the grandfather deposited approximately $138.51 in the trust fund upon the student's birth.

This problem is about understanding compound interest. The formula for compound interest is A = P(1 + r/n)nt where:

Since we don’t have the details on how many times the interest is compounded, we’ll consider it compounded annually. So n = 1.

Plugging in the known values into the compound interest formula gives us:

120,000 = P(1 + 0.66)23

Solving for P, we find that the amount of money that your grandfather deposited on the day you were born would have been approximately $138.51.

https://brainly.com/question/34614903

#SPJ3

Answer:

correct option is a. 1.67%

Explanation:

given data

Total Assets at Year End = $650,000

Total Assets at Beginning =  $610,000

Total Liabilities at Year End = $235,000

Total Liabilities at Beginning = $240,000

Savings  = $25,000

Gross Income  = $120,000

Employer Match = $4,800

solution

we get here return on assets that is express as

return on assets = (Total Assets at at year end - ( Total Assets at Beginning + Savings + Employer Match  ) ) ÷ Total Assets at Beginning  .........................1

put here value and we get

return on assets = [tex]\frac{650000-610000+25000+4800}{610000}[/tex]  

return on assets =  0.016721

return on assets = 1.67 %

so correct option is a. 1.67%

The return on assets (ROA) for the year is approximately 30.51%.

To calculate the return on assets (ROA), we need to determine the change in investment assets and the average investment assets for the year. The change in investment assets is calculated by subtracting the investment assets at the beginning of the year from the investment assets at the end of the year. ($170,000 - $125,000 = $45,000)

The average investment assets for the year can be calculated by adding the investment assets at the beginning of the year to the investment assets at the end of the year and dividing by 2. (($125,000 + $170,000) / 2 = $147,500)

Now we can calculate the ROA by dividing the change in investment assets by the average investment assets and multiplying by 100 to express it as a percentage. (($45,000 / $147,500) * 100 = 30.51%)

Therefore, the return on assets (ROA) for the year is approximately 30.51%.

https://brainly.com/question/14288500

#SPJ3

Answer:

A. True

Explanation:

Gas and electricity are called necessity goods. They are deemed too important to do without. They are essential to life. These categories of goods are insensitive to changes in income level.

Two primary characteristics that define perfectly competitive markets that necessity goods deviate from are:

· Demand is elastic. In perfect competition demand is inelastic i.e. Increase in price will lead to a significant change in quantity demanded. This is not so in necessity goods because these goods are essential to life. So increase in price of these categories of goods or decrease in income level of households will not have effect on the consumption of the goods.

· Bargaining Power of Supplier is high. In perfect competition, bargaining power of supplier is low i.e. suppliers have little power in influencing the price of goods but for necessity goods, reverse is the case. The bargaining power of suppliers is a little bit higher. Suppliers can influence price while consumers adjust.

Answer:

D. I, II, III, IV. All of the above

Explanation:

Bond indentures are legal contracts between the issuer and the trustee that specifies the scope and responsibilities of everyone involved (borrower, trustee and lender) and also the features of the bond like maturity date and so on.

Things found in a bond indenture may include but not all

1. The name of the issuer.

2. Terms of the bond

3. Its features such as the principal value, coupon rate, dates when interest payments will be made, and maturity date.

4. Issuer’s obligations.

5. If the bonds are secured or not.

6. Protective Covenants details

7. call provisions.

8. Bondholders’ rights

9. Sinking fund arrangements.

Four of which are mentioned in the question, hence the answer given.

Answer:

                                            Trial balance for Yi Min

                                                on the May 31, YY

                                                                             Dr.                  Cr.

                                                                              $                     $

Cash                                                                  37,600

Office supplies                                                      890

Prepaid insurance                                             4,600

Office equipment                                             12,900

Dividends                                                            3,370

Rent expense                                                      7,540

Accounts payable                                                                    12,900

Common stock                                                                         18,000

Engineering fees earned                                                     36,000

                                                                           66,900         66,900

The trial balance includes all the accounts and balances. The total debit is $66,900 and total credit is $66,900, so the trial balance is balanced.

To prepare a trial balance, you list all the accounts titles and their balances. In trial balance, debits will be listed on the left and credits on the right. We start with assets accounts followed by liabilities, equity, revenue, and finally expenses. The sum of debit balance should be equal to the sum of credit balance.

Here is the trial balance for Min Engineering at the end of May:

Total Debit = $37,600 + $890 + $4,600 + $12,900 + $3,370 + $7,540 = $66,900

Total Credit = $12,900 + $18,000 + $36,000 = $66,900

The totals of debit and credit match, so the trial balance is balanced.

https://brainly.com/question/33006157

#SPJ3