Johnson, Inc. has 4.0 million shares of common stock outstanding and is subject to a corporate tax rate of 21 percent. The firm currently has no debt. The expected annual earnings before taxes of $3.1 million in perpetuity and it distributes all of its earnings as dividends at the end of each year. The current required return on the firm’s equity is 9.5 percent. The firm is planning a recapitalization under which it will issue $6 million of perpetual 6 percent debt and use the proceeds to buy back shares. a. What is the price per share prior to announcement? (2 marks) b. What is the vlaue of the firm and price per share uder APV method after the recapitalization plan is announced? (2 + 1 marks) c. How may share will be repurchased? What is the price per share after the completion of the repurchase program?

a) Plot of real GDP for Canada, Alberta, and Ontario over the given time period:

It can be observed from the graph that all three provinces have shown a steady increase in real GDP. However, Canada has shown a higher real GDP than Ontario and Alberta.

Also, there was a dip in the economy around the years 2008 and 2009 due to the global financial crisis.b) Computation of the year-to-year percentage changes of real GDP for the period 1982-2020:

The arithmetic average growth rates for pre-2000 (1982-1999) and post-2000 (2000-2020) periods are as follows:

PeriodAverage Growth RatePre-2000 (1982-1999)3.3%Post-2000 (2000-2020)1.7%

From the above table, it can be observed that the average growth rate in the pre-2000 period is higher than that in the post-2000 period. Thus, we can say that the economy was more stable in the pre-2000 period than in the post-2000 period.c) Plot of GDP per capita for Canada, Alberta, and Ontario over the given time period:

It can be observed from the graph that all three provinces have shown a steady increase in GDP per capita.

However, Canada has shown a higher GDP per capita than Ontario and Alberta. Also, there was a dip in the economy around the years 2008 and 2009 due to the global financial crisis.d) Computation of the year-to-year GDP per capita growth rate for the period 1982-2020:

The arithmetic average growth rates for pre-2000 (1982-1999) and post-2000 (2000-2020) periods are as follows:

PeriodAverage Growth RatePre-2000 (1982-1999)2.1%Post-2000 (2000-2020)0.8%

From the above table, it can be observed that the average growth rate in the pre-2000 period is higher than that in the post-2000 period. Thus, we can say that the economy was more stable in the pre-2000 period than in the post-2000 period.

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Developing a sales presentation is part of the preparation step of a sales process.

The preparation step of a sales process is crucial in ensuring the success of the sales interaction. In this stage, the salesperson researches the potential client, their needs and preferences, and prepares a strategy for approaching them.

All these includes gathering information on the client's industry, competitors, and business objectives. The salesperson should also research the client's budget and purchasing power to ensure that the product or service they are offering is a good fit.

In addition, the salesperson should prepare a presentation or proposal that highlights the unique value proposition of their product or service and how it can meet the client's needs.

Full question "Fill in the blanks Domain 2 lesson 3. Developing a sales presentation is part of the ________ step of a sales process. [Elements of a Sales Process]

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With the arrival of the industrial revolution, the companies used to send their salespeople across the country to sell in order to find successful pitches to potential customers.

For a very long time, the salespeople worked like an old-fashioned craftsman, identifying who was likely to be a possible client, talking with that prospect, qualifying them, negotiating the contract, and then closing it.

They persuade clients to purchase a good or service as a salespeople. They direct the customer's journey from the first point of contact all the way up to the point of sale, utilizing one-on-one communication to match their product with their desires and requirements.

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We will make use of the available data to determine the depreciation for the machine under each of the suggested techniques. Let's resolve each component in turn:(a) (1) Linear projection for 2017 to 2021:The straight-line technique determines the annual depreciation expenditure as (Cost - Residual Value) / Useful Life.

The calculation is as follows:

d epreciation costs for 2017 are ($176,000 - $18,000) / 4 = $39,500.d epreciation costs for 2018 are ($176,000 - $18,000) / 4 = $39,500.

d epreciation costs for 2019 are ($176,000 - $18,000) / 4 = $39,500. preciation expenditure for 2020 is ($176,000 - $18,000) / 4 = $39,500.D epreciation costs in 2021 equal ($176,000 - $18,000) / 4 to $39,500.We deduct the cumulative d epreciation from the starting cost to determine the net book value. The straight-line rate multiplied by two is ($39,500 x 2), or $79,000.D epreciation costs for 2017 are $79,000 * (1 - 1/4) = $59,250.D epreciation costs for 2018 are $79,000 * (1 - 1/4) = $59,250.d epreciation costs for 2019 are $79,000 * (1 - 1/4) = $59,250.d epreciation costs for 2020 are $79,000 * (1 - 1/4) = $59,250.d epreciation costs for 2021 are $79,000 * (1 - 1/4) = $59,250.

The following are the depreciation costs for each method:

Straight-line (1)

2017 outlay: $39,000

Cost for 2018: $39,500

Cost for 2019: $39,500

Expense for 2020: $39,500

Cost for 2021: $39,500

(2) Decreasing-balance

Expense for 2017: $59,250

Expense for 2018: $59,250

Expense for 2019: $59,250

2020 cost: $59,000

Expense for 2021: $59,000

(3) Production units:

Cost for 2017: $25,600

Cost for 2018: $37,200

Cost for 2019: $38,300

Cost in 2020: $32,800

Cost for 2021: $31,300

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Intentional or reckless conduct that results in materially misleading financial statements is called fraudulent financial reporting.

Financial Statements describe whilst someone falsifies profits reports, stability sheets, and/or creates faux cash-go with the drift statements to misinform the folks that acquire them.  The motive of this interest is typically non-public profit.

Mis statements withinside the economic statements can get up from both fraud or blunders. The distinguishing issue among fraud and blunders is whether or not the un- derlying movement that consequences withinside the misstatement of the economic statements is intentional or unintentional.

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Answer:

Equivalent units of direct materials= $180 per tons

Equivalent units of conversion =$62 per tons

Explanation:

Calculation to Determine the direct materials and conversion costs per equivalent unit.

Using this formula

Equivalent units of direct materials=Cost of direct materials transferred/Total equivalent units for direct materials

Let plug in the formula

Equivalent units of direct materials= $432,000/2,400

Equivalent units of direct materials= $180 per tons

Therefore the direct materials cost per equivalent unit will be $180 per tons.

Calculation for Equivalent units of conversion using this formula

Equivalent units of conversion=Conversion cost /Total equivalent units for Conversion

Let plug in the formula

Equivalent units of conversion=$144,150/2,325

Equivalent units of conversion= $62 per tons

Therefore the conversion cost per equivalent unit will be $62 per tons.

Short commute is an example of a need. Anything a person needs or wants is a need. Here, a quick commute is a must, and finding a job close by is the objective.

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Action plans are useful for many reasons. By providing an outline of the steps to be taken and the timeline for completion, it helps managers to stay on track and keep their goals in sight.

It can also be used to measure progress and ensure that goals are being met in a timely manner. Action plans can also help to identify areas where further effort is needed in order to reach the desired outcome. Action plans are also useful in connecting goals across an organization. By breaking down individual objectives into smaller, achievable steps, managers can more easily identify how each department or unit contributes to the overall success of the organization.

This can help to ensure that everyone is working towards the same objective, and that resources are being used in the most effective way. Action plans can also be used to combine low-level goals into a higher-level goal. By identifying the major steps needed to reach the desired outcome, managers can more easily determine how to best allocate resources and which goals are the most important. This can help to ensure that efforts are being focused on the most impactful objectives, as well as helping to ensure that the organization remains competitive in the marketplace.

Finally, action plans can be used to develop a sustainable competitive advantage. By clearly outlining the steps to be taken to reach a goal, managers can more easily identify areas where their organization has an edge over competitors. This can help to ensure that the organization is able to stay ahead of the competition and remain competitive in the long run.

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Since the insurance company paid $1500 on the $2000 loss claim, the remaining $500 is the policyholder's responsibility to pay.

When an individual experiences a financial loss, it is common for them to file a claim with their insurance company to seek reimbursement for the damages incurred. In this scenario, the individual experienced a $2000 loss and filed a claim with their insurance company. However, the insurance company only paid $1500 on the claim, leaving the individual with a remaining balance of $500.

This remaining $500 balance that the insurance company did not pay can be referred to as the individual's deductible or out-of-pocket expense. Deductibles are a common feature of insurance policies, where the policyholder is responsible for paying a certain amount before the insurance company begins covering the remaining costs.

In this case, the individual's insurance policy likely had a $500 deductible, meaning that the policyholder is responsible for paying the first $500 of any claims made. Therefore, since the insurance company paid $1500 on the $2000 loss claim, the remaining $500 is the policyholder's responsibility to pay.
It is important for individuals to understand their insurance policies and the terms and conditions associated with them to ensure they are adequately covered and aware of their financial responsibilities in the event of a loss.

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The company follows this method as it has high unit volumes. The scenario best illustrates the C. pricing strategy.

Pricing strategies are the methods and methodologies that businesses use to determine the prices for their goods and services. If price is the amount you charge for your items, product pricing strategy is how you determine that number.

Many businesses focus on acquisition to develop their firm, yet studies have shown that little changes in pricing can increase or decrease revenue by 20-50%.

Despite this, fewer than 5% of Fortune 500 organizations have functions dedicated to determining the best pricing. In the corporate sector, there is a missing potential to achieve immediate success with little work. Hence, Lavender's this scenario illustrates pricing strategy.

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Correct question:

Lavender Inc., a computer manufacturing company, sells its products at costs that are lesser than its competitors as it wishes to gain profits in order to cover more of the competitive market. The company follows this method as it has high unit volumes. The scenario best illustrates the _____.

A. acquisition strategy

B. cost-management strategy

C. pricing strategy

D. investment strategy

Answer: A manage manages situation to come out well with people

Explanation:

As a manager the only thing that rings in your mind is how to get things done, how to bring people together, in their best way to meet the goals of the organization. Managers would have to understand that they can't do without people. When a manager starts doing jobs without people while they're there then there is no need having them around and he isn't fit to be called a manager. A manage manages situation to come out well with people.

Interview helps to select the best fit for a Job.

Interview is usually an interactive sessions between an intending employee and the human resources personnel.

The sessions is to know if the individual is the best fit for a job.

Therefore, Interview helps to select the best fit for a Job.

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Answer:

The Bodyguard is the bestselling movie soundtrack

Answer:

A. At the end of a loan the car belongs to you, but at the end of a lease, the car still belongs to the

lease company.

Explanation:

The following statement which explains the difference between a lease and a loan, at the end of a loan the car belongs to you, but at the end of a lease, the car still belongs to the lease company. Thus, statement 'A' is the correct statement.

A lease is a long-term leasing arrangement for the use of a certain piece of equipment, whereas a loan is the borrowing of money. Loans and leases both offer advantages as a form of finance. The following are some crucial factors influencing your choice.

Loan: Typically, rates are variable and dependent on the prime rate or another index, like LIBOR. The monthly payout changes in line with changes in the index. This is advantageous when interest rates are down and harmful when they are rising. Banks won't fund machinery they don't understand or that they believe has little value as collateral.

Lease: Payments are typically fixed for the duration of the lease, barring any unusual terms. Budgeting and cash flow management are greatly facilitated by fixed payments. Because of our own financial capacity, we can finance most types of equipment.

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Answer:

It is where she writes all of her expenses in order to keep her budget..

Explanation:

Because ATM withdrawal (plus surcharge) is charged to her checking account.

Explanation:

An informational interview is a wonderful way to network and a fantastic way to learn more about a career in which you are interested in possibly pursuing. And these types of interviews don't just provide solid information to those interested in corporate careers.

If what you are interested in most is starting your own business rather than working for someone else, an informational interviews is a way to find out what it takes to be a successful entrepreneur and learn more about what running your own business entails. These types of conversations can also help you make a well-informed decision about whether running your own business fits into your vision for your life and career.

Answer:

true

Explanation:

True because this is what makes the customer's experience better with the staff

Franchises will generally have higher direct financing but they offer ongoing support and training.

Finance is the study and practice of money, money-related instruments, and capital assets. It is associated with economics, which refers to the study of the creation, transfer, and consumption that money, assets, goods, and services, but it is not the same as economics.

The process of raising capital or finances for any type of spending is known as financing. It is the act of directing various financial resources—such as credit, loans, and invested capital—to those parts of the economy that need them most or can use them most effectively.

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If share price rises from $12 to $15 per share, and pays a dividend of $1 per share, the rate of return of shareholders is: 33.33%. The correct option is D.

The rate of return of shareholders can be calculated by adding the capital appreciation and dividend income and then dividing it by the initial share price. The formula for calculating the rate of return is:

Rate of Return = \(((Ending Share Price - Beginning Share Price) + Dividend) / Beginning Share Price\)

Given that the share price rises from $12 to $15 per share and pays a dividend of $1 per share, the rate of return of shareholders can be calculated as follows:

Rate of Return =\((($15 - $12) + $1) / $12\)

\(= ($3 + $1) / $12\)

\(= $4 / $12\)

= 0.3333 or 33.33%

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Complete question

If share price rises from $12 to $15 per share, and pays a dividend of $1 per share, what was the rate of return to shareholders?

a. 3%

b. 16.67%

c. 25%

d. 33.33%

The S&P 500 is an index that reflects the total market value of over 98% of all publicly traded stock in the US.

The S&P 500 is made up of 500 of the largest companies in the US and covers a wide range of sectors including technology, healthcare, energy, and consumer goods.

The companies are weighted based on their market capitalization, which is the total value of a company's outstanding shares of stock.

The S&P 500 is considered to be one of the most important benchmarks for the US stock market and is widely used by investors and financial professionals to track the performance of the US economy.

The index is calculated using a market capitalization-weighted formula, which means that larger companies have a greater impact on the overall index value.

Investors can use the S&P 500 to track the performance of their portfolio or to compare the performance of individual stocks or mutual funds against the broader market.

The index is also used as a benchmark for many mutual funds and exchange-traded funds (ETFs) that track the performance of the US stock market.

Overall, the S&P 500 provides a comprehensive view of the US stock market and is an important tool for investors and financial professionals to monitor the health of the economy and track the performance of their investments.

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Answer:

mcdonalds!!!!

Explanation:

!its right trust me those ppl who commented above are wrong, i put it in on od and it was right! on god bro.

Answer:

false

Explanation:

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Answer:

Increased wastage of food can prompt expanded quantities of one, which would then be able to place the second in the chain out of equilibrium. The frameworks in the chain are touchy, and even the littlest changes can have an expanding influence on a biological system, lessening its biodiversity.

Explanation:

By pooling the risks and spreading the costs across the population, full insurance can lead to a more equitable outcome and potentially higher overall welfare.

a. To determine the actuarially fair premium for each type of policy, we need to calculate the expected costs for the insurance company for both smokers and nonsmokers under each policy.

For the low deductible policy (L):

Joe, a smoker, has a 12% chance of needing medical attention, so the expected cost for the insurance company is 0.12 * $10,000 = $1,200.

Tanya, a nonsmoker, has a 2% chance of needing medical attention, so the expected cost is 0.02 * $10,000 = $200.

For the high deductible policy (H):

Joe's expected cost is 0.12 * ($10,000 - $8,000) = $240.

Tanya's expected cost is 0.02 * ($10,000 - $8,000) = $40.

The actuarially fair premium is the expected cost for the insurance company, so:

For the low deductible policy: Joe's premium should be $1,200, and Tanya's premium should be $200.

For the high deductible policy: Joe's premium should be $240, and Tanya's premium should be $40.

b. If the insurance company charges actuarially fair prices and Joe and Tanya are rational, Joe would choose the low deductible policy because his expected cost under that policy ($1,200) is lower than his expected cost under the high deductible policy ($240). Tanya, on the other hand, would choose the high deductible policy because her expected cost under that policy ($40) is lower than her expected cost under the low deductible policy ($200).

c. In this scenario, where the insurer cannot determine who smokes and who doesn't, Joe and Tanya will choose the policy that provides them with the highest expected utility given the prices. Let's calculate their expected utilities under each policy:

For Joe:

Under the low deductible policy: Expected utility = 0.88 * U($15,000 - $1,200) + 0.12 * U($15,000 - $3,000).

Under the high deductible policy: Expected utility = 0.88 * U($15,000 - $240) + 0.12 * U($15,000 - $8,000).

For Tanya:

Under the low deductible policy: Expected utility = 0.98 * U($15,000 - $200) + 0.02 * U($15,000 - $3,000).

Under the high deductible policy: Expected utility = 0.98 * U($15,000 - $40) + 0.02 * U($15,000 - $8,000).

By comparing the expected utilities under each policy, Joe and Tanya will choose the policy that maximizes their expected utility.

d. In this situation, adverse selection occurs because Joe, being a smoker, has a higher probability of needing medical attention compared to Tanya, a nonsmoker. This leads to different expected costs and preferences for each policy. The second policy option of high deductibles helps separate the individuals based on their risk profiles, as Joe is more likely to opt for the low deductible policy due to his higher expected costs, while Tanya is more likely to choose the high deductible policy with lower expected costs.

e. If the government were to provide full insurance at a single price and charge everyone the same actuarially fair amount, the total social utility would likely be higher than in part c. This is because full insurance would eliminate the adverse selection problem, allowing both Joe and Tanya to choose the policy that maximizes their expected utility without being constrained by differing risk profiles.

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Therefore, the company's average holding cost per pound for wax is approximately $0.01849.

To calculate the company's average holding cost per pound for wax, we need to consider the amount of wax held in the warehouse and the number of days it takes for the wax to arrive.

1. Find the total amount of wax held in the warehouse:
The company usually holds 370 pounds of wax in its warehouse.

2. Determine the number of days it takes for the wax to arrive:
It takes 2 days for the wax purchased from the supplier to arrive.

3. Calculate the total holding cost per day:
The holding cost for wax is $0.19 per pound per day.

To calculate the total holding cost per day, multiply the holding cost per pound ($0.19) by the amount of wax used per day (36 pounds):
Total holding cost per day = $0.19/pound * 36 pounds = $6.84

4. Calculate the average holding cost per pound for wax:
To find the average holding cost per pound, divide the total holding cost per day by the amount of wax held in the warehouse:
Average holding cost per pound = Total holding cost per day / Amount of wax held in the warehouse

Substituting the values:
Average holding cost per pound = $6.84 / 370 pounds

Calculating the value:
Average holding cost per pound = $0.01849 (rounded to 2 decimal places)

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Answer:

B

the environment

Explanation:

Answer:

A. $ 1,400

Explanation:

hope it helps

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Answer & Explanation: An origination fee is a payment associated with the establishment of an account with a bank, broker or other company providing services handling the processing associated with taking out a loan.