Monster Tires is considering an expansion which involves opening a new location for its tires manufacturing. This new project is estimated to be the same level of risk as the firm's existing projects. For this new manufacturing project, the firm would need to raise money by selling $660,000 worth of new equity, $281,000 worth of new preferred stock shares, and borrow $364,000 by selling new corporate bonds. The annual costs of equity, preferred stock shares, and corporate debt equal 13%, 7%, and 3%, respectively. Monster Tires pays a 33% tax rate on its corporate income.

Calculate Monster Tires' average annual cost of running this new tire business, or the Weighted Average Cost of Capital.

Answers

Answer 1

WACC is calculated by considering weightings and costs of equity, preferred stock, and corporate bonds.

How is WACC calculated for financing sources?

To calculate Monster Tires' Weighted Average Cost of Capital (WACC) for the new tire manufacturing project, we need to determine the weightings and costs of each source of financing (equity, preferred stock, and corporate bonds) and calculate their weighted average.

First, calculate the weightings:

- Equity weighting: $660,000 / ($660,000 + $281,000 + $364,000)

- Preferred stock weighting: $281,000 / ($660,000 + $281,000 + $364,000)

- Corporate bonds weighting: $364,000 / ($660,000 + $281,000 + $364,000)

Next, calculate the costs:

- Cost of equity: 13%

- Cost of preferred stock: 7%

- Cost of corporate bonds: 3%

Finally, calculate the WACC using the formula:

WACC = (Equity weighting * Cost of equity) + (Preferred stock weighting * Cost of preferred stock) + (Corporate bonds weighting * Cost of corporate bonds) * (1 - Tax rate)

Substituting the values into the formula and performing the calculations will give us the average annual cost of running the new tire business, or the WACC for Monster Tires.

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Related Questions

Ted Predictions On Broussard Skateboard's sales are expected to increase by 15% from 57 million in 2019 to $9.43 million in 2020. Its assets totaled $5 million at the end of 2019. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 4%, and the forecasted payout ratio is 60%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. Enter your answer in dollars. For example, an answer of $1.2 million should be entered as $1,200,000. Do not round intermediate calculations. Round your answer to the nearest dollar. - Kroom Accessibility Good to ge hp E 100%

Answers

To forecast Broussard Skateboard's additional funds needed (AFN) for the coming year, we can use the AFN equation. The AFN equation calculates the difference between the company's projected assets and liabilities, taking into account the expected increase in sales and the requirement for assets to grow at the same rate.

Let's break down the information provided:

1. Sales growth: The sales are expected to increase by 15% from $57 million in 2019 to $9.43 million in 2020. This growth rate will be used to estimate the increase in assets.

2. Assets: At the end of 2019, Broussard Skateboard's assets totaled $5 million. Since the company is at full capacity, the assets must grow at the same rate as the projected sales growth of 15%.

3. Current liabilities: At the end of 2019, the current liabilities were $1.4 million, consisting of accounts payable, notes payable, and accruals.

4. After-tax profit margin: The forecasted after-tax profit margin is 4%. This will be used to estimate the retained earnings.

5. Payout ratio: The forecasted payout ratio is 60%. This indicates the portion of the after-tax profit that will be paid out as dividends.

Now let's calculate the AFN using the AFN equation:

AFN = (A*/S₀) × ΔS - (L*/S₀) × ΔS - MS₁(RR)

Where:

AFN = Additional Funds Needed

A* = Assets required as a function of sales

S₀ = Last year's sales

ΔS = Change in sales

L* = Liabilities that spontaneously increase with sales

MS₁ = Retained earnings multiplier (1 - payout ratio)

RR = Retained earnings ratio (After-tax profit margin)

First, we calculate A* (Assets required as a function of sales):

A* = (Assets/Sales) × ΔS

A* = ($5 million/$57 million) × 15%

A* ≈ $1,315,789

Next, we calculate L* (Liabilities that spontaneously increase with sales):

L* = (Liabilities/Sales) × ΔS

L* = ($1.4 million/$57 million) × 15%

L* ≈ $365,789

Now we calculate the retained earnings using the after-tax profit margin and the payout ratio:

Retained Earnings = After-tax profit × (1 - Payout ratio)

Retained Earnings = $57 million × 4% × (1 - 60%)

Retained Earnings ≈ $912,000

Finally, we can calculate the AFN:

AFN = A* - L* - Retained Earnings

AFN ≈ $1,315,789 - $365,789 - $912,000

AFN ≈ $37,000

Therefore, Broussard Skateboard's additional funds needed for the coming year is approximately $37,000.

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Suppose the closed economy is in long-run equilibrium. Immigration of skilled workers shifts the long- run aggregate supply curve $60 billion to the right. At the same time, government purchases increase by $40 billion. If the MPC equals 0.75 and the crowding-out effect is $160 billion, what would we expect to happen in the long-run to real GDP and the price level? Select one: a. Both real GDP and the price level would be higher. b. Both real GDP and the price level would be lower. c. Real GDP would be higher, but the price level would be lower. d. Real GDP would be higher, but the price level would be the same.

Answers

The correct option is c. Real GDP would be higher, but the price level would be lower. When skilled workers immigrate, the long-run aggregate supply curve shifts to the right, indicating an increase in potential output and the economy's productive capacity. As a result, real GDP would increase in the long run.

Additionally, an increase in government purchases would lead to an increase in aggregate demand. However, since the economy is already in long-run equilibrium, the increase in aggregate demand would be offset by the crowding-out effect. The crowding-out effect occurs when increased government spending leads to higher interest rates, reducing private investment and offsetting the increase in aggregate demand. Therefore, while real GDP would be higher due to the immigration of skilled workers, the price level would be lower or remain the same as the crowding-out effect counteracts the increase in government purchases.

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Which of the following is NOT a characteristic of market stabilization?
a. It may last up to 30 days.
b. It may be difficult to achieve.
c. It is often illegal.
d. It can protect the underwriting syndicate as well as investors.

Answers

Option c is correct. It is often illegal is NOT a characteristic of market stabilization.

Market stabilization is the steps taken by underwriters or market makers to reduce excessive volatility during the first few days of trading following an initial public offering (IPO) or to stabilize the price of a security.

It seeks to establish a market environment that is more controlled and organized. It could last up to 30 days: Market stabilization activities normally last a short time after the IPO, frequently up to 30 days.

The underwriters may take actions to support the security's price during this time. It could be tricky to accomplish: Particularly in extremely volatile or unpredictable market conditions, stabilizing a market can be difficult.

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Question 2 of 9 < 0.57/2 EI Prepare an incremental analysis showing whether the company should make or buy the switches. (Round per unit answers to 2 decimal places, eg 15.25. If an amount reduces the

Answers

It is more cost-effective for Windsor Company to buy the switches instead of making them.

Should Windsor Company make or buy the switches?

To know cost-effectiveness of making or buying the switches, we need to compare the incremental costs for each option.

Making the switches:

Direct materials cost: $30,243

Variable overhead cost: $53,370

Direct labor cost: $42,696

Fixed overhead cost: $60,486

Total cost of making 59,300 switches:

Total cost = Direct materials + Variable overhead + Direct labor + Fixed overhead

Total cost = $30,243 + $53,370 + $42,696 + $60,486

Total cost = $186,795

Cost per unit of making = Total cost / Number of units

Cost per unit of making = $186,795 / 59,300

Cost per unit of making = $3.15

Buying the switches:

Cost per unit of buying = $2.95

We will now compare the incremental costs:

Incremental cost per unit = Cost per unit of making - Cost per unit of buying

Incremental cost per unit = $3.15 - $2.95

Incremental cost per unit = $0.20

Conclusion: Since the incremental cost per unit of making the switches is $0.20 higher than buying the switches, it is more cost-effective for Windsor Company to buy the switches instead of making them.

Full question:

Windsor Company must decide whether to make or buy some of its components. The costs of producing 59,300 switches for its generators are as follows.

Direct materials $30,243  

Variable overhead $53,370

Direct labour 42,696  

Fixed overhead 60,486

Instead of making the switches at an average cost of $3.15 ($186,795 ÷ 59,300), the company has an opportunity to buy the switches at $2.95 per unit. If the company purchases the switches, all the variable costs and one-third of the fixed costs will be eliminated. Prepare an incremental analysis showing whether the company should make or buy the switches.

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What amount of money invested today at 3.63% compounded annually will have an accumulated value of $650,000 in 8 years from now. Round all answers to two decimal places if necessary. PAY = CY = N= 1/4 = % PV = $ PMT = $ FV = $

Answers

An amount of $489,896.07 needs to be invested today at a 3.63% interest rate compounded annually to have an accumulated value of $650,000 in 8 years.

To calculate the amount of money that needs to be invested today at a given interest rate to reach a specific accumulated value in the future, we can use the formula for the future value of a lump sum:

FV = PV × (1 + r/n)^(n*t)

Where:

FV = Future value

PV = Present value (amount to be calculated)

r = Annual interest rate (in decimal form)

n = Number of compounding periods per year

t = Number of years

Given:

FV = $650,000

r = 3.63% (0.0363 as a decimal)

n = 1 (compounded annually)

t = 8 years

Plugging in the given values into the formula, we have:

$650,000 = PV × (1 + 0.0363/1)^(1*8)

Simplifying the equation:

$650,000 = PV × (1 + 0.0363)^8

$650,000 = PV × (1.0363)^8

Dividing both sides of the equation by (1.0363)^8 to isolate PV:

PV = $650,000 / (1.0363)^8

Calculating the value:

PV = $650,000 / 1.32603296

PV ≈ $489,896.07

Therefore, an amount of approximately $489,896.07 needs to be invested today at a 3.63% interest rate compounded annually to have an accumulated value of $650,000 in 8 years.

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Assume that the economy in a particular period is characterized by the following data: Actual inflation rate: 1.8 percent Target inflation rate: 3.0 percent Neutral real interest rate: 1.8 percent Out

Answers

The real interest rate in this case is 3.0 percent.

The neutral real interest rate is 1.8 percent and the inflation rate is 1.8 percent. When the target inflation rate is 3.0 percent, we will calculate the real interest rate using the Fisher effect. To calculate the real interest rate, you must first understand what the Fisher effect is.

The Fisher effect is a theory that explains how the real interest rate is determined. The nominal interest rate minus the expected inflation rate equals the real interest rate. If the expected inflation rate is greater than the nominal interest rate, the real interest rate is negative. If the expected inflation rate is less than the nominal interest rate, the real interest rate is positive.  

The formula for calculating the Fisher effect is as follows:

Real Interest Rate = Nominal Interest Rate - Expected Inflation Rate

Using the above formula, we can calculate the real interest rate as follows:

3.0% (target inflation rate) - 1.8% (actual inflation rate) = 1.2% (expected inflation rate)1.8% (neutral real interest rate) + 1.2% (expected inflation rate) = 3.0%

Therefore, the real interest rate in this case is 3.0 percent.

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Below, you are provided with a consumer's income and the prices of two different goods. You will identify different combinations of the two goods that the consumer can afford and construct the consume

Answers

Suppose a consumer has an income of $100, and two different commodities, A and B, whose prices are $5 and $10, respectively. We will construct the consumer's budget constraint using this information.

The amount of good A that the consumer can purchase with $100 is $100/$5 = 20 units. Similarly, the amount of good B that the consumer can purchase with $100 is $100/$10 = 10 units.

We can construct the consumer's budget constraint graphically by plotting the quantities of goods A and B on the X-axis and Y-axis, respectively. The slope of the budget constraint is equal to the price ratio of the two goods, which is $5/$10 = 1/2.

To plot the budget constraint, we start with the X-intercept, which represents the quantity of good A the consumer can purchase when they spend all their income on good A, which is 20 units. Then we plot the Y-intercept, which represents the quantity of good B the consumer can purchase when they spend all their income on good B, which is 10 units.

In conclusion, a consumer with an income of $100 and prices of $5 and $10 for goods A and B, respectively, can afford different combinations of goods, and the budget constraint line represents these combinations graphically.

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Transportation/assignment problems are sparse or not fully interconnected. meaning that a. all the transitory nodes may not have arcs connecting them to supply nodes. b. the solutions are often infeasible. c. not all the supply nodes have arcs connecting them to all the demand nodes. O d. not all the demand nodes have arcs connecting them to all the origin nodes.

Answers

Transportation/assignment problems are said to be sparse or not fully interconnected, which means that not all the supply nodes have arcs connecting them to all the demand nodes (option C).

Transportation/assignment problems are characterized by the allocation of limited resources from supply nodes to demand nodes. In these problems, the network may not be fully interconnected, meaning that not all supply nodes have arcs connecting them to all demand nodes.

This lack of full interconnectivity can result in unallocated supply or unfulfilled demand for certain nodes. Some supply nodes may not have arcs connecting them to all the demand nodes, indicating that they cannot directly fulfill the demands of those specific nodes. Similarly, not all demand nodes have arcs connecting them to all the supply nodes, implying that certain supply sources cannot directly serve those particular demands.

This sparsity in connections can pose challenges in finding feasible solutions that satisfy all supply and demand requirements. The optimization models used for transportation/assignment problems need to consider these constraints and ensure that the allocation of resources takes into account the limited connectivity between supply and demand nodes.

In summary, transportation/assignment problems may exhibit sparse or non-fully interconnected networks, with some supply nodes lacking arcs to all demand nodes, and vice versa. This sparsity can impact the feasibility of solutions and requires careful consideration during the optimization process.

Therefore, option C is correct.

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How many different federal taxes are listed?

Answers

Answer:

There are two types of taxes namely, direct taxes and indirect taxes.

Explanation:

12 specific taxes, four within each main category—earn: individual income taxes, corporate income taxes, payroll taxes, and capital gains taxes; buy: sales taxes, gross receipts taxes, value-added taxes, and excise taxes; and own: property taxes, tangible personal property taxes, estate and inheritance taxes, and wealth taxes.

Answer:

2!

Explanation:

direct taxes and indirect taxes! hope this helps! plz mark as brainliest!

The income multiplier for taxes and transfer payments is. multiplier for government purchases. 1) equal to 2) one less than 3) one more than 4) none of the above.

Answers

The income multiplier for taxes and transfer payments is one less than the multiplier for government purchases.What is an income multiplier.

Income multiplier is the impact of an increase in aggregate demand on total income or gross domestic product (GDP). An increase in aggregate demand has a multiplied effect on national income through successive rounds of spending.The formula for income multiplier can be derived as the following:$$ \text{Income multiplier} = \frac{1}{1-MPC} $$where, MPC is the marginal propensity to consume.

Income multiplier for taxes and transfer paymentsLet us consider the impact of an increase in government spending by $10 billion. An increase in government spending will increase the aggregate demand in the economy. If there were no taxes, the whole $10 billion would have been spent. But, due to the presence of taxes and transfer payments, the entire amount may not be spent.

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Relative Purchasing power parity says that across countries
Inflation rates are the same
Growth rates are the same
Expressed in the same currency, price levels are the same
Expressed in the same currency, inflation rates are the same
None of the above

Answers

Relative purchasing power parity states that expressed in the same currency, price levels are the same across countries.

This theory is known as the purchasing power parity theory. When the purchasing power of a nation's currency is in equilibrium, that is, it has the same purchasing power domestically and internationally, then the exchange rate between that country's currency and other currencies would be considered "fair." This theory assumes that transport expenses, taxes, and other costs that affect the price of goods and services are the same in all countries. This is rarely the case in reality. Furthermore, while inflation rates are taken into consideration when calculating the relative purchasing power parity, this theory does not claim that inflation rates are the same across countries. As a result, the appropriate option is: Expressed in the same currency, price levels are the same.

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A portfolio's return is normally distributed. It is observed that 99% of the time, the portfolio return is likely to be between 7.1904% and 7.8096%. What is the mean return and standard error?

Answers

Given that the portfolio's return is usually distributed. It is observed that 99% of the time, the portfolio return is likely to be between 7.1904% and 7.8096%. 7.5% and 0.1548% are the mean return and standard error respectively.

The mean and standard deviation of the return can be calculated as follows:

Formulae: Z = (x-μ)/σ

Where Z is the z-score the observed value

μ is the mean of the probability distribution

σ is the standard deviation probability density

the function of a standard normal distribution can be given as P(x) = (1/σ*√2π)*e^(-1/2*[(x-μ)/σ]^2)

Let the mean of the portfolio return be μ and the standard deviation be σx1 is the lower limit of the return, which is 7.1904% x 2 is the upper limit of the return,

which is 7.8096%x1 = μ - z*σ7.1904% = μ - z*σx2

= μ + z*σ7.8096%

= μ + z*σ99% of the time,

the portfolio return is likely to be between

x1 and x2.So, the z-score corresponding to 99% probability is 2.33

Hence, substituting the values we have:

= 7.1904%

= μ - 2.33*σ7.8096%

= μ + 2.33*σSolving for μ,

we get:μ = (7.1904 + 7.8096)/2μ

= 7.5%Therefore, the mean return is 7.5%. The difference between the upper limit and the lower limit of the portfolio is the range of 0.6192%. Hence, the standard deviation can be calculated as follows: σ = Range/4σ = 0.6192/4σ = 0.1548%Therefore, the standard error is 0.1548%. Hence, the mean return and standard error are 7.5% and 0.1548%, respectively.

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What are the disadvantages of human capital approach in impact
valuation in CBA ?

Answers

The human capital approach is a fundamental component of cost-benefit analysis. This technique involves measuring the monetary value of an individual's production potential and integrating it into the accounting framework. The use of this approach has certain drawbacks, which are highlighted below:

1. Issues with the scope of evaluation: The human capital approach is dependent on future projections of earnings potential, which can be unreliable. These projections may be influenced by a variety of factors such as illness, disability, or retirement, which may or may not materialize. As a result, there is a risk that the evaluation may be excessively limited, resulting in a lack of depth or detail.

2. Disregards distributional concerns: The human capital approach assumes that all individuals have the same wage rates, benefits, and working conditions, which is untrue. This approach fails to consider the economic inequalities that exist among various groups and as a result, may not accurately reflect the net benefits of an intervention.

3. Not Inclusive of Non-economic Value: The human capital approach is solely concerned with economic productivity and does not take into account the intangible benefits of an intervention, such as environmental conservation, social welfare, and cultural preservation.

4. Problems with intergenerational comparison: The human capital approach prioritizes the present over the future, and as a result, future generations may suffer as a result of a decision made today.5. Does not account for the intrinsic worth of human life: It is difficult to quantify the worth of human life in monetary terms, and the human capital approach does not do this.

As a result, practitioners must remain cautious when utilizing this technique and ensure that it is used in conjunction with other approaches to obtain a comprehensive view of the net benefits of a particular intervention.

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Calculate the NPV for the following projects with a discount rate of 12%:

a.Project 1 costs $100,000 and earns $50,000 each year for three years.

b.Project 2 costs $200,000 and earns $150,000 in the first year, and then $75,000 for each of the next two years.

c.Project 3 costs $25,000 and earns $20,000 each year for three years.

d. If the projects are mutually exclusive, which should we accept?

e. If the projects are independent, which should we accept?

Answers

All three projects have a positive NPV value, which means all three should be accepted.

Project Analysis and Net Present Value (NPV) calculations for the following projects with a discount rate of 12% are mentioned below:

Project 1:

Net Cash Flows:

Year 1: $50,000

Year 2: $50,000

Year 3: $50,000

NPV Calculation:

N = 3; I/Y = 12;

PV = -100,000;

PMT = 50,000;

FV = 0;

NPV = $94,148.69

Project 2:

Net Cash Flows:

Year 1: $150,000

Year 2: $75,000

Year 3: $75,000

NPV Calculation:

N = 3;

I/Y = 12;

PV = -200,000;

PMT = 75,000;

FV = 0;

NPV = $100,262.31

Project 3:

Net Cash Flows:

Year 1: $20,000

Year 2: $20,000

Year 3: $20,000

NPV Calculation:

N = 3;

I/Y = 12;

PV = -25,000;

PMT = 20,000;

FV = 0;

NPV = $16,585.23

Project Acceptance:If the projects are mutually exclusive, then the project with the highest NPV value should be chosen:

Project 2 NPV = $100,262.31If the projects are independent, then all projects should be accepted whose NPV value is greater than zero. Here, all three projects have a positive NPV value, which means all three should be accepted.

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presto company purchased equipment and these costs were incurred: ch-9-q-75 presto will record the acquisition cost of the equipment as group of answer choices $45,000. $48,600. $49,240. $50,100.

Answers

The acquisition cost of the equipment recorded by Presto Company would be $49,240. This amount is calculated by adding up the purchase cost of $45,000 and the additional costs incurred, which total $4,240 ($48,600 - $45,000).

The acquisition cost of an asset includes not only the purchase price but also any additional costs directly attributable to acquiring and preparing the asset for use. In this case, the purchase cost of the equipment is given as $45,000. However, the question states that "these costs were incurred," suggesting there are additional expenses. The difference between the purchase price and the final cost ($48,600 - $45,000) is $3,600. To calculate the acquisition cost, this amount needs to be added to the purchase price. Hence, the total acquisition cost is $45,000 + $3,600 = $49,240.

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if its repeated repeat the answer i cant find it 4.[25 MARKS] Consider a market with one producer and two distributors competing with each other. Each distributor buys from the producer at a unit cost equals to h.The market price of the product equals to p=100-qiq,where qis the quantity purchased from the distributor i e {1,2}Producer receives h(marginal revenue for each unit sold to distributors and has constant marginal cost of production equals to 5 Suppose that first the producer decides on the price h and then the distributors decide simultaneously on the quantity q and q which,respectively.they buy from the producer a[15 MARKS] Calculate the best response function for each distributor for given price h b [10 MARKS] Calculate the price h and the equilibrium quantity Q=qi+q on this market.

Answers

(a) The best response function for each distributor for given price h are:

BR1(h, q2) = qi= (1/2)*(100-h-q2)

BR2(h, q1) = q2= (1/2)*(100-h-q1)

(b) The equilibrium quantity Q = qi + q2 = 2qi = 2q2 = 40 and the equilibrium price p = 40 - Q/2 = 20.

The producer should set the price h = 10 to achieve this equilibrium.

(a) Best response function for each distributor for given price h:

The market price of the product equals to p = 100 - qi-q2 where qi and q2 are the quantities purchased from distributor 1 and 2, respectively.

The Producer receives h (marginal revenue for each unit sold to distributors) and has a constant marginal cost of production equal to 5.

Calculating the best response function for Distributor 1:

Here, the profit for Distributor 1 will be equal to the revenue it receives from the product minus the cost of production, which is equal to the purchase price (h) multiplied by the quantity (qi) and cost of production (5) multiplied by the quantity (Q-qi-q2).

Therefore, the profit of distributor 1, π1= 100qi- qi2 - qi h -5 (Q-qi-q2)

As both distributors are trying to maximize their profits, distributor 1 will choose qi in such a way that its profit is maximized.

So, the best response function of distributor 1 will be:

BR1(h, q2) = arg max (π1)=qi= (1/2)*(100-h-q2)

Calculation of best response function for Distributor 2:

Here, the profit for Distributor 2 will be equal to the revenue it receives from the product minus the cost of production, which is equal to the purchase price (h) multiplied by the quantity (q2) and cost of production (5) multiplied by the quantity (Q-qi-q2).

Therefore, the profit of distributor 2, π2 = 100q2 - q1q2 - q2 h - 5(Q-q1-q2)

As both distributors are trying to maximize their profits, distributor 2 will choose q2 in such a way that its profit is maximized.

So, the best response function of distributor 2 will be:

BR2(h, q1) = arg max(π2)= q2= (1/2)*(100-h-q1)

(b) Calculation of price h and the equilibrium quantity Q=qi+q:

For Nash equilibrium, the quantity supplied by both distributors should be equal to the quantity demanded by the market.

Therefore, Q = qi + q2 = 2qi = 2q2p = 100 - qi - q2 = 50 - Q/2

Using the above two equations, we can calculate the value of Q and p as follows:

Q = 40 and p = 30

Now, to calculate the value of h, substitute the value of Q in any of the best response functions.

Let's use the best response function of distributor 1:

BR1(h, q2) = qi = (1/2)*(100-h-q2)

Substituting Q=40, we get:

20= (1/2)*(100-h-q2)

40-h-q2 = 0h = 60 - q2

Substituting the value of h in the market price equation, we get:

p = 100 - qi - q2

p = 100 - q2 - (60 - q2) = 40 - q2

Now, since the producer has a constant marginal cost of 5, the value of h should be equal to 5 + MC, where MC is the marginal cost of production and equals 5.

So, h = 5 + 5 = 10

Therefore, the equilibrium quantity Q = qi + q2 = 2qi = 2q2 = 40 and the equilibrium price p = 40 - Q/2 = 20.

The producer should set the price h = 10 to achieve this equilibrium.

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Utility Problem
f is Fettucine
c is Cabbage
here is the utility:
U(c,f) = cf + f.
1. derive demand curves for both products.
2. Based on your answer above, is fettucine a normal good or
inferior? Assu

Answers

U(c, f) = c f + f

To derive the demand curve, we have to first derive the marginal utility function. The marginal utility of f and c can be written as:

M U f = ∂U

∂f = c+1

MUC = ∂U

∂c = f

Thus the optimal consumption levels of f and c can be found by equating the marginal utilities to their prices:

p1/p2 = c/f + 1/f

Therefore,

f = -p1/p2

c = -p2/p1

Thus the demand curves are:

f = -p1/p2

c = -p2/p1

Since the coefficient of p1 in the demand function of f is negative, this means that f is an inferior good. the interest rate is 8% compounded annually. Let's assume that the principal amount is P. To find how many years would be required to triple an amount at 8% compounded annually, we need to use the compound interest formula for calculating the amount after a certain number of years: `

A = P(1 + r/n)^(nt)`

where A is the amount, P is the principal amount, r is the interest rate, n is the number of times interest is compounded per year, and t is the time in years.

Now, we need to find the time required to triple the amount. We know that the final amount is three times the principal amount. Therefore, the equation is:`

3P = P(1 + 0.08/1)^(1*t)`

Dividing by P on both sides, we get:

`3 = (1 + 0.08)^(t)`

Taking the log of both sides, we get:` log

(3) = t * log(1.08)`

Solving for t, we get:`

t = log(3) /

log(1.08) ≈ 14.3`

Therefore, it would take approximately 14.3 years to triple an amount at 8% compounded annually.

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Which figure (amount) should be larger?
A. Expenses
B. income
C. Extras
D. Needs

Answers

ANSWER:

Income

WHY:

The expenses and extras and needs should all add up to the income and the income should be over these expenses


MARK ME BRAINLIEST PLEASE

briefly discuss the three type/ components of investment.

Answers

The three type/ components of investment is physical investments, financial investments, and human investments

Investment is a term used to refer to the act of buying assets with the expectation of generating income in the future. Investments can come in three types which include physical investments, financial investments, and human investments. Physical investments refer to investments made in tangible assets such as real estate, machinery, and equipment. Physical investments are made in the hope of generating future income from these assets. Financial investments refer to investments made in financial assets such as stocks, bonds, and mutual funds.

Financial investments are made with the aim of generating future income from the dividends, interest, and capital gains that these investments may generate. Finally, human investments refer to investments made in oneself with the aim of increasing knowledge, skills, and abilities that can lead to future earnings. Human investments can come in the form of education, training, and skills development. So therefore physical investments, financial investments, and human investments are the three type/components of investments.

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Mr. Nicholas Sweet
President & CEO
SUGAR RUSH INC.
1234 Mary Jane Avenue
New York, NY 10000
Dear Mr. Sweet,
This letter is being sent in accordance and in compliance with Equal Employment Opportunity Commission (EEOC) Section: 0001. This correspondence is in response to a letter received, dated January 3, 2022, written by a Mr. Jeremy Smith.
EEOC Compliance Officer, Jenny Yang, has conducted a preliminary investigation in a compliant made by Mr. Smith in which the allegation is that Sugar Rush Inc. has violated Title VII of the Civil Rights by conducting recruitment activities which discriminate against a candidate’s race, ethnicity, national origin and sexual orientation.
ALLEGATION STATEMENT
On Monday, October 25, 2021, Mr. Jeremy Smith, a 35 year old African American Male, interviewed for the position entitled Customer Service Supervisor. During the interview process, it was conveyed to Mr. Smith that Sugar Rush Inc. had already interviewed a number of other candidates through the process of employee referrals. Mr. Smith contends that several of the questions pertained to his "outside" interests and asked if he belonged to any groups or associations that Sugar Rush Inc. would find interesting or want to learn more about. Mr. Smith claims to have informed Ms. Michelle Cocoa, Sr. Human Resources Manager that he belonged to the following groups: Association of Young Americans, ACLU, NAACP and the local LGBT Chapter. Mr. Smith further contends that his interview lasted two (2) hours in duration. On Wednesday, October 27, 2021, Mr. Smith received a letter from Sugar Rush Inc. indicating that he was not selected for the position.
It must be noted that the EEOC has since determined that the prior five (5) applicants for the same position were sourced through employee referrals and all were all Caucasian.
Thank you in advance for your cooperation and attention to this matter. We expect to receive your response no later than August 1, 2022. Please note that this letter is an informal discussion of the issues raised and should not be considered an official opinion of the EEOC.
Sincerely,
Carol Martin
Assistant Legal Counsel EEOC
Michael Munch Email. Please read through the email in the Final Project documentation found in the Assignment Section on BB. Please read and respond to the following:
a) As HR, how would you advise the CEO regarding the email?
b) In a response email to Michael, what would you say?

Answers

the response should convey the company's commitment to addressing the issue, conducting a thorough investigation, and taking necessary actions to ensure fair and equal treatment of all employees.

1. Acknowledge the seriousness of the allegations: Explain to the CEO that the email contains a formal complaint related to a potential violation of Title VII of the Civil Rights Act. Emphasize the need to address this matter promptly and thoroughly.

2. Initiate an internal investigation: Recommend launching an immediate investigation into the allegations made by Mr. Jeremy Smith. This investigation should involve gathering all relevant information, including interviews with parties involved, reviewing interview records, and examining the recruitment and selection process.

3. Maintain confidentiality: Stress the importance of handling the investigation with utmost confidentiality to protect the privacy and rights of all parties involved. Remind the CEO to ensure that information related to the investigation is only shared with individuals directly involved in the process.

4. Review company policies: Advise the CEO to review the company's equal employment opportunity policies and practices. Ensure they are aligned with federal and state regulations and promote a fair and inclusive work environment.

5. Take appropriate corrective actions: If the investigation reveals any discriminatory practices or violations, recommend taking appropriate corrective actions. These may include offering Mr. Smith a fair opportunity for reconsideration, revising recruitment procedures, providing additional training to employees involved in the selection process, or implementing diversity and inclusion initiatives.

b) In response to Michael's email, I would address the following points:

1. Express concern and appreciation: Begin by expressing gratitude for Michael bringing this matter to HR's attention and assuring him that the complaint will be taken seriously.

2. Confirm the initiation of an investigation: Inform Michael that the company has commenced an internal investigation into the allegations raised by Mr. Smith. Explain that the investigation will be conducted in a fair and objective manner.

3. Assure confidentiality: Reiterate the company's commitment to maintaining confidentiality throughout the investigation process. Emphasize that information related to the investigation will only be shared on a need-to-know basis to protect the privacy and rights of all individuals involved.    

4. Communicate next steps: Inform Michael that HR will thoroughly examine the interview records, conduct interviews with relevant parties, and review company policies and procedures to ensure compliance with equal employment opportunity regulations.

5. Commit to appropriate actions: Assure Michael that if any violations or discriminatory practices are found, the company will take appropriate corrective actions to address the situation. Highlight the company's commitment to fostering a fair and inclusive work environment.

6. Provide a timeline: Give Michael an approximate timeline for completing the investigation and inform him that HR will keep him informed of any significant developments or outcomes.

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WonderBurgers LLC, is a UK restaurant chain with more than 125 restaurants throughout mainland Britain. The firm positions itself as a 'hip' burger chain, attracting a premium customer segment. Restaurants operate mainly in large metropolitan areas. Recently the company acquired a small burger chain headquartered in France. WonderBurgers, LLC wants to expand operations further by acquiring other restaurant chains in Europe. WonderBurgers LLC decided to bring on a consultant (You) to advise them on how to best expand and set up operations in foreign markets.

Answers

Expanding a business into foreign markets is a significant undertaking, and WonderBurgers LLC must do so cautiously and deliberately. A successful expansion strategy includes understanding the market, adapting to the local environment, and adhering to cultural norms and regulations.

An effective expansion strategy requires a comprehensive market analysis. Before entering a new market, it's critical to understand the local culture, consumer behavior, and competitive landscape. This analysis should include gathering market intelligence on consumer preferences, regulatory requirements, and competitors' positioning and marketing strategies.

Understanding the cultural environment is also critical to success. Cultural differences between countries can have a significant impact on how products and services are perceived. Even minor cultural differences, such as language, customs, and social norms, can have an impact on business operations. It's critical to understand these differences and adapt the business accordingly.WonderBurgers LLC must also adapt to the local business environment. Different markets have different business practices and regulatory requirements. The firm must conduct a thorough review of the local laws and regulations to ensure compliance. Additionally, cultural differences may impact the supply chain, labor practices, and other operational aspects of the business.

A successful expansion strategy requires careful planning and execution. By conducting a comprehensive market analysis, adapting to the local environment, and adhering to cultural norms and regulations, WonderBurgers LLC can successfully expand operations into new markets and achieve long-term success.

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Which of the following roles does advertising potentially play? Choose any and all of the following that are correct. Incorrect choices will be penalized.

Select one or more:

__ a. it may be used to promote competitive outcomes by providing information

__ b. it may be used as a mechanism to solve the adverse selection problem

__ c. it may be used by firms to increase the price elasticity of demand for their products

__ d. it may be used as a mechanism for firms to gain market power

Answers

Options (a) and (d) are correct, while options (b) and (c) are incorrect. Following are the roles advertising potentially plays: It may be used to promote competitive outcomes by providing information. This statement is correct.

It may be used as a mechanism to solve the adverse selection problem. This statement is incorrect.

It may be used by firms to increase the price elasticity of demand for their products. This statement is incorrect.

It may be used as a mechanism for firms to gain market power. This statement is correct.

Therefore, options (a) and (d) are correct, while options (b) and (c) are incorrect.

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Many companies have cyclical operating cash needs due to: O The seasonality of sales O Delays in customer payments O Mergers and acquisitions Refinancing of debt

Answers

Many companies have cyclical operating cash needs due to seasonality of sales, option B) delays in customer payments, mergers and acquisitions, and refinancing of debt.

In order to understand how the cyclical operating cash needs of companies arise, we need to understand what these terms mean:

Seasonality of sales refers to the fluctuations in a company's sales that occur within a year. Many businesses are seasonal, meaning that their sales peak during specific times of the year. For example, retailers often have higher sales during the holiday season. This can lead to cyclical operating cash needs since a company may have higher cash inflows during peak periods and lower cash inflows during other periods.

Delays in customer payments refer to the length of time it takes for customers to pay for the goods or services they have received. This can cause a company to have lower cash inflows in the short term and can lead to cyclical operating cash needs if customer payment delays occur on a regular basis.

Mergers and acquisitions refer to the process of one company taking over or merging with another. This can lead to cyclical operating cash needs if the companies have different cash flow patterns that need to be aligned.

Refinancing of debt refers to the process of a company restructuring its existing debt. This can lead to cyclical operating cash needs if the company needs to borrow additional funds to pay off its existing debt and if the timing of the refinancing causes fluctuations in cash inflows and outflows.

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Which of the following statements about free markets is FALSE? a. We perceive the restrictions placed on markets as harmful regulations when we disagree with the moral values underlying them b. Government interventions that restrict what market actors can and cannot do will always result in a lack of investment and a drop in innovation c. All markets have some level of government intervention which restricts the actions of market entities in some manner d. The concept of a free market is political in nature and market boundaries are defined through political processes e. All of the above are true

Answers

Among the given options, the false statement about free markets is: b. Government interventions that restrict what market actors can and cannot do will always result in a lack of investment and a drop in innovation.

Explanation: Free market is a kind of economic system where the government does not interfere in the business activities of the market. The following are the statements about free markets:

a. We perceive the restrictions placed on markets as harmful regulations when we disagree with the moral values underlying them: This statement is true. Many times, restrictions and regulations are seen as a hurdle to the smooth functioning of markets.

b. Government interventions that restrict what market actors can and cannot do will always result in a lack of investment and a drop in innovation: This statement is false. Government interventions are required in free markets to ensure the well-being of society as a whole and to prevent market failures. Some regulations are important for businesses and industries to operate smoothly.

c. All markets have some level of government intervention that restricts the actions of market entities in some manner: This statement is true. Government intervention is necessary to maintain a balance between the interests of businesses and society as a whole.

d. The concept of a free market is political in nature, and market boundaries are defined through political processes: This statement is true. The concept of a free market is based on political ideology and has political implications.

e. All of the above are true: This statement is also false as option (b) is incorrect.

Therefore, the correct answer is option b.

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Check My Work eBook Over the years, Masterson Corporation's stockholders have provided $34,000,000 of capital when they purchased new issues of stock and allowed management to retain some of the firm's earnings. The firm now has 2,100,000 shares of common stock outstanding, and the shares sell at a price of $28 per share. How much value has Masterson's management added to stockholder wealth over the years, that is, what is Masterson's MVA? Round your answer to the nearest dollar, if necessary.

Answers

Masterson Corporation's Market Value Added (MVA) is $24,800,000, indicating the amount of stockholder wealth added by the company.

Market Value Added (MVA) can be defined as the difference between the market value of a company and the capital that was invested by the shareholders.

The formula for MVA is: MVA = Market Value of the Firm – Total Capital Invested by Shareholders

The given data in the question are as follows: Total Capital Invested by Shareholders = $34,000,000

Number of Outstanding Shares = 2,100,000

Share Price = $28

The market value of Masterson Corporation can be calculated by multiplying the number of outstanding shares by the current share price.

The market value of Masterson Corporation is: $28 * 2,100,000 = $58,800,000Now, we can calculate the MVA as follows: MVA = $58,800,000 - $34,000,000, MVA = $24,800,000

Therefore, Masterson's management has added $24,800,000 to stockholder wealth over the years, which is the company's MVA.

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A company's earnings are $4 per share, its dividend is $2 per share, and its stock price is $30 per share. Its P/E is O a. 7.5. O b. 5. O c. 15 percent. O d. 15. A conservative investor should only invest in a variety of bond mutual funds. Select one: O True O False

Answers

1. A company's earnings are $4 per share, its dividend is $2 per share, and its stock price is $30 per share. Its P/E will be 7.5.

To calculate the price-to-earnings ratio (P/E) of a company:

Earnings per share (EPS) = $4 (Given)

Stock price = $30 (Given)

P/E = Stock price / EPS

= $30 / $4

= 7.5

Therefore, the P/E ratio for the company is 7.5. Therefore, the correct option A.

2. The statement " A conservative investor should only invest in a variety of bond mutual funds. " is False.

Bonds are a relatively conservative investment option as compared to stocks, but conservative investors don't necessarily have to invest exclusively in bond or mutual funds. Investors might also consider other investment options such as cash, certificates of deposit (CDs), money market funds and dividend stocks.

Investment strategy is based on individual risk tolerance, goals and time horizon. Diversification across different asset classes is usually recommended to reduce risk. This may include a combination of bond funds and other conservative investment options. 

Overall, bond mutual funds are considered less risky than stock, there is no one size fits all investment strategy available. It is important to consult a financial advisor to determine best investment approach.

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If a small change in price creates a large change in demand, then we would say that the demand is elastic / inelastic.

Answers

If a small change in price creates a large change in demand, then we would say that the demand is elastic. Option A is correct answer.

We would describe the demand as being very elastic if a minor change in price resulted in a significant change in the amount required, i.e., being extremely sensitive to price changes. In contrast, we would state that the demand is inelastic if a significant change in price only causes a relatively minor change in the amount required.

The change in consumption of a product in response to a change in its price is gauged by the term "price elasticity of demand."  The good is elastic if price elasticity exceeds 1; it is inelastic if price elasticity is less than 1. A good is completely inelastic when the price elasticity is 0.

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The complete question is, "If a small change in price creates a large change in demand, then we would say that the demand is

A. elastic

B. inelastic"

Which of the following is not a defense to product liability: 1. Knowledgeable user 2. Commonly known dangers 3. Assumption of Od Suomitations 4. They are all defenses to product liability cases

Answers

Among the following options, "Assumption of Od Suomitations" is not a defense to product liability. The correct option is  3. Assumption of Od Suomitations

Product liability refers to a manufacturer or seller's legal responsibility for any injuries or damage caused by a faulty product they produce or sell. If an individual is hurt or suffers damages as a result of a defective product, they have the right to seek compensation from the producer or seller.

Product liability cases can be brought about in various ways, including:-Design defect- Manufacturing defect- Failure to warn- Breach of warranty Defenses to product liability cases: Here are some defenses to product liability cases.

Knowledgeable User: A defense to a claim of product liability is that the injured party was a knowledgeable user of the product. If the injured person is aware of the risks and dangers of using the product, they may not be able to sue for damages.

Commonly known dangers: Another defense is that the danger or risk is well-known, and the injured party should have been aware of it. For example, if someone is injured while operating a chainsaw and argues that they had no idea it was dangerous, they may not be able to sue.

Contributory negligence: This defense argues that the plaintiff contributed to their injury by failing to use the product safely. If a product has warning labels or instructions and the user fails to follow them, this defense can be utilized.- Assumption of risk: If the plaintiff knows of the risks associated with the product and proceeds to use it, the defense of assumption of risk can be utilized.

They will not be able to sue for damages if they are injured. However, if the risk was not clear or it was not well-known, this defense may not be effective. Assumption of Od Suomitations is not a defense to product liability cases. It seems to be a typographical error in the question, so the question does not provide four alternatives.  all the other three options are defenses to product liability. Therefore,  The correct option is  3.

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Pedro purchased a house and lot. A title was issued for the said property under the name of Pedro. The ICT was given to Juan, the duly authorized representative of Pedro. Unfortunately, Juan did not turnover the TCT to Pedro but instead it was use as a "prenda" (informal mortgage) and was given to Manuel. Pedro made demand but Manuel refused to surrender the same. How can Pedro recover the TCT from Manuel?

Answers

As Juan did not turnover the TCT to Pedro but instead it was use as a "prenda" informal mortgage, to recover the Transfer Certificate of Title (TCT) from Manuel, Pedro can take legal steps.

To recover the Transfer Certificate of Title (TCT) from Manuel, Pedro can take the following legal steps:

Consult an Attorney: Pedro should seek legal advice from an attorney specializing in property law or real estate. The attorney can guide Pedro through the legal process and provide specific advice based on the jurisdiction and applicable laws.Review Documentation and Evidence: Pedro should gather all relevant documents and evidence that establish his ownership of the property, such as the original purchase agreement, payment receipts, and any other relevant documents that prove his rightful ownership of the property.Demand Letter: Pedro's attorney can draft a formal demand letter addressed to Manuel, requesting the return of the TCT. The demand letter should outline Pedro's legal rights to the property, the fact that the TCT was unlawfully used as collateral, and the demand for its immediate return.Negotiation and Mediation: If the demand letter does not lead to the return of the TCT, Pedro's attorney may attempt negotiation or mediation between Pedro and Manuel. This can involve discussions and negotiations to resolve the matter amicably and avoid litigation.File a Lawsuit: If negotiation and mediation do not yield results, Pedro may need to file a lawsuit against Manuel to recover the TCT. Pedro's attorney will guide him through the legal process, including preparing the necessary legal documents, gathering evidence, and presenting the case in court.Court Proceedings: Pedro's attorney will present Pedro's case in court, arguing that the TCT rightfully belongs to Pedro and that its retention by Manuel is unlawful. The court will evaluate the evidence and legal arguments presented by both parties and make a decision based on the merits of the case.Court Order and Enforcement: If the court rules in favor of Pedro, it may issue a court order directing Manuel to return the TCT to Pedro. If Manuel continues to refuse, Pedro can seek legal assistance to enforce the court order, which may involve seeking assistance from law enforcement or engaging in further legal proceedings to compel compliance.

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kim co.'s profit center zee had year 5 operating income of $200,000 before a $50,000 imputed interest charge for using kim's assets. kim's aggregate net income from all of its profit centers was $2,000,000. during year 5, kim declared and paid dividends of $30,000 and $70,000 on its preferred and common stock, respectively. zee's year 5 residual income was

Answers

The residual income of Zee in year 5 was $50,000.

Kim Co.'s profit center Zee had year 5 operating income of $200,000 before a $50,000 imputed interest charge for using Kim's assets. Kim's aggregate net income from all of its profit centers was $2,000,000.

During year 5, Kim declared and paid dividends of $30,000 and $70,000 on its preferred and common stock, respectively. The residual income of Zee in year 5 was $80,000.Residual income refers to the earnings of a division or segment of an organization after deducting the cost of the capital employed.

It is calculated by taking the segment's operating income and subtracting a charge for the capital utilized. Residual income can assist in determining if a department is using its assets to create sufficient revenue to cover its expenses and satisfy investors

The formula for residual income is given below: Residual income = Operating income - (Cost of capital * Capital)

Where, Cost of capital = The required return on the capital employed in the division or segment Capital = The amount of capital used in the division or segment In this case, the operating income for Zee is given to be $200,000, and the imputed interest charge for using Kim's assets is $50,000.

Therefore, the operating income after the imputed interest charge = $200,000 - $50,000 = $150,000

Kim's aggregate net income from all of its profit centers was $2,000,000. During year 5, the dividends declared and paid were $30,000 and $70,000 on its preferred and common stock, respectively.

Hence, the total dividends paid = $30,000 + $70,000 = $100,000.The residual income for Zee in year 5 can be calculated as: Residual income = Operating income after imputed interest charge - (Cost of capital * Capital)We are not given the cost of capital and capital for Zee.

Therefore, we assume that the cost of capital is 10% and the capital employed is $1,000,000.Cost of capital * Capital = 0.10 * $1,000,000 = $100,000Residual income = $150,000 - $100,000 = $50,000

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A candy distributor wants to determine the average water content of bottles of maple syrup from a particular producer in Nebraska. The bottles contain 12 fluid ounces, and you decide to determine the water content of 40 of these bottles. What can the distributor say about the maximum error of the mean, with probability 0.95, if the highest possible standard deviation it intends to accept is = 2.0 ounces? if alice consumes two times as many calories as claire, and claire consumes 2,500 calories a day. how many calories does alice consume a week? Consider the relation R = {A, B, C, D, E, F, G, H, I, J} and functional dependencies {A,B} {C} {A} {D,E) {B} {F} {F} (G,H) {D} (I,J} What is the key for R? Decompose R into 2NF and then 3NF relations. Use the information provided below to prepare the Cash Flow Statement for the year ended 31 December 2021. (20 Marks) INFORMATION The information given below was obtained from the books of Libra Limited on 31 December 2021, the end of the financial year. STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER: 2021 2020 R R ASSETS Non-current assets 988 400 933 200 Property, plant and equipment 988 400 933 200 Current assets 576 200 446 000 Inventory 102 600 109 200 Accounts receivable 397 600 304 800 Bank 75 300 31 100 Cash Float 700 900 1 564 600 1 379 200 EQUITY AND LIABILITIES Equity 755 400 661 400 Ordinary share capital (issue price R1 each) 620 000 548 000 Retained income 135 400 113 400 Non-current liabilities 700 000 396 000 Mortgage bond (18% p.a.) 700 000 396 000 Current liabilities 109 200 321 800 Accounts payable 60 000 236 600 Company tax payable 43 000 37 600 Dividends payable 6 200 47 600 1 564 600 1 379 200 EXTRACT FROM THE STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021 R Sales 800 000 Cost of sales 320 000 Interest on Loan 93 600 Depreciation on Vehicles 82 200 Depreciation on Equipment 72 200 Operating profit 253 400 Profit before tax 159 800 Company tax 77 400 Profit after tax 82 400 EXTRACT FROM THE STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2021 Ordinary share dividends for the year: R60 400 EXTRACT FROM THE NOTES TO THE FINANCIAL STATEMENTS AS AT 31 DECEMBER: Property, plant and equipment 2021 2020 R R Vehicles (Cost) 490 000 556 000 Accumulated Depreciation on Vehicles 167 200 96 200 Equipment (Cost) 1 060 400 796 000 Accumulated Depreciation on Equipment 394 800 322 600 Note: A vehicle was sold for R54 800 during the year, but no new vehicles were bought. Equipment was purchased for cash but no equipment was sold. ADDITIONAL INFORMATION All purchases of inventories are on credit. Consider an L1 cache that has 8 sets, is direct-mapped (1-way), and supports a block size of 64 bytes. For the following memory access pattern (shown as byte addresses), show which accesses are hits and misses. For each hit, indicate the set that yields the hit. (30 points)0, 48, 84, 32, 96, 360, 560, 48, 84, 600, 84, 48.please explain answers Use the fact that the mean of a geometric dstribution is =1/p and the variance is =q/p^2- A daily number lottery chooses three balls numbered 0 to 9 The probability of winning the lattery is 1/1000. Let x be the number of times you play the lottery before winning the first time (a) Find the mean variance, and standard deviation (b) How many times would you expect to have to play the lottery before wnring? It costs $1 to play and winners are paid $300. Would you expect to make or lose money playing this lottery? Explain(a) The mean is ____ (Type an integer or a decimal) The variance is ____(Type an integer or a decimal) The standard deviation is _____ (Round to one decimal place as needed(b) You can expect to play the game _____ times before winning Would you expect to make or lose money playing this lottery? Explain