Answer:
a. You should be short on the 6 month forward contract.
Explanation:
Short forward contract is that when a trader agrees to sell the asset on the same date and for the same price. Long forward contract is one in which trader agrees to buy underlying asset on a specified date at a specified price in future.
The supply of aged cheddar cheese is inelastic, and the supply of bread is elastic. Both goods are considered to be normal goods by a majority of consumers. Suppose that a large income tax increase decreases the demand for both goods by 10%.
Refer to Scenario:The change in equilibrium price will be:_______.
a. greater in the aged cheddar cheese market than in the bread market.
b. greater in the bread market than in the aged cheddar cheese market.
c. the same in the aged cheddar cheese and bread markets.
d. any of the above could be correct.
Answer:
B
Explanation:
significant of working capital
Answer:
Working capital serves as a metric for how efficiently a company is operating and how financially stable it is in the short-term. The working capital ratio, which divides current assets by current liabilities, indicates whether a company has adequate cash flow to cover short-term debts and expenses.Explanation:
www.investopedia.com > answers#CARRYONLEARNINGdraw five sector of macroeconomic model
Answer:
Here's my Macroeconomic model.
Explanation:
Thus, the five-sector model includes (1) households, (2) firms, (3) government, (4) the rest of the world, and (5) the financial sector. The financial sector includes banks and non-bank intermediaries that engage in borrowing (savings from households) and lending (investments in firms).
what are the marketing channel distribution strategy
Answer:
The three types of distribution channels are wholesalers, retailers, and direct-to-consumer sales. ... Retailers are generally the customers of the wholesalers and offer high-touch customer service to the end customers.
Based on preliminary market research, management has decided that each pair of boots should be priced at $300. Furthermore, management believes that the profit margin should be 30 percent of sales revenue. What is the target cost?
Answer:
Lalalalalalla
Explanation:diisidjdjsjs:€%)€)
ABC Company is considering investing in new production equipment at a cost of $60,000 with a 10-year useful life and no salvage value. The following are estimated for Year 1 of the project:
Sales = $100,000 Production costs = $82,600 Depreciation expense = $6,000
Calculate the following for ABC Company for Year 1:
a. Operating income =
b. Average investment =
c. Accounting rate of return =
Answer:
a. Operating Income = Sales - Production Cost - Depreciation Expense
Operating Income = $100,000 - $82,600 - $6,000
Operating Income = $11,400
b. Average Investment = (Initial Equipment Cost + Residual Value) / 2
Average Investment = ($60,000 + $0) / 2
Average Investment = $60,000 / 2
Average Investment = $30,000
c. Accounting Rate of Return = (Operating Income / Average Investment) * 100
Accounting Rate of Return = ($11,400 / $30,000) * 100
Accounting Rate of Return = 0.38 * 100
Accounting Rate of Return = 38%
Dolan Company reports its income from investments under the equity method and recognized income of $25,000 from its investment in Moss Co. during the current year, even though no dividends were declared or paid by Moss during the year. On Dolan's statement of cash flows (indirect method), the $25,000 should:________. A) not be shown. B) be shown as cash inflow from investing activities. C) be shown as cash outflow from financing activities. D) be shown as a deduction from net income in the cash flows from operating activities section.
Answer:
The answer is B.
Explanation:
The correct option is B.
Dolan company has an investment in Moss which gave him an income(inflow) of $25,000. So on Dolan's statement of cash flow, this transaction will be under 'Cash flow from Investing Activities' and the line item will be:
Cash inflow from Investing Activities - $25,000.
It doesn't matter whether a cash flow is prepared in a direct or indirect manner for Investing Activities or Financing Activities, it only affect Operating Activities.
In economics, the cost of production is defined as the expenditures incurred to
obtain the factors of production such as labor, land, and capital that are
needed in the production process of a product. Explain the following in relation
the total cost in economics
i. A firm pays its accountant an annual allowance of $10,000. Is this an
economic cost? Explain AN, 5MARKS
Answer:
12
Explanation:
i know it
After all of the account balances have been extended to the Balance Sheet columns of the end-of-period spreadsheet, the totals of the debit and credit columns show debits of $28,480 and credits of $38,055. This indicates that a.the company has a net income of $9,575 for the period. b.neither net income or loss can be calculated because it is found on the income statement c.the amounts are out of balance and need to be corrected. d.the company has a net loss of $9,575 for the period.
Answer:
This indicates that
d.the company has a net loss of $9,575 for the period.
Explanation:
a) Data and Calculations:
Total debits of the balance sheet (assets) = $28,480
Total credits of the balance sheet (liabilities + equity) = $38,055
Difference (net loss) = $9,575 ($38,055 - $28,480)
b) With the determination of the net loss of $9,575, the two sides (debits and credits) of the balance sheet will equal. This is because the net loss of $9,575 will reduce the credits from $38,055 to $28,480.
You purchase a call option on Swiss Francs (SF) for a premium of $.02, with an exercise price of $1.0325. The option will not be exercised until the expiration date, if at all. If the spot rate on the expiration date is $1.0072, your net profit/loss on one contract containing 10,000 SF units. will be: Group of answer choices $53 -$53 $200 -$200 $530
Answer:
$53
Explanation:
Payoff of the option = Strike price - Stock price at end
Payoff of the option = $1.0325 - $1.0072
Payoff of the option = $0.0253
Profit from the option = Payoff - Premium paid
Profit from the option = $0.0253 - $0.02
Profit from the option = $0.0053
Net profit/loss on one contract containing 10,000 SF units will be:
= 10,000 SF units * $0.0053
= $53 Profit
Sales taxes, income taxes, and motor fuel taxes are examples of which class of nonexchange transactions
Answer:
Derived tax revenues.
Explanation:
Derived tax revenues lead from the assessment that are charged on the transactions i.e. exchanged like income tax, sales tax. It lead from the assessment that charged on non government entities except the assessment that imposed on the exchange transactions
So according to the given situation, the sales tax, income tax etc would be the examples of the derived tax revenues
Zordan Tools Corporation makes and sells brushes and combs. It can sell all of either product it can make. The following data are pertinent to each respective product: Brushes Combs Units of output per machine hour 8 20 Selling price per unit $12.00 $4.00 Product cost per unit Direct material $1.00 $1.20 Direct labor 2.00 0.10 Variable overhead 0.50 0.05 Total fixed overhead is $380,000. The company has 40,000 machine hours available for production. What sales mix will maximize profits
Answer:
Zordan Tools Corporation
Brushes Combs
The Sales mix that maximizes profits is 2,800 880
Explanation:
a) Data and Calculations:
Brush Comb
Units of output per machine hour 8 20
Selling price per unit $12.00 $4.00
Product cost per unit
Direct material $1.00 $1.20
Direct labor 2.00 0.10
Variable overhead 0.50 0.05
Total variable cost per unit $3.50 $1.35
Contribution margin per unit $8.50 $2.65
Contribution margin per hour $68 $53 ($2.65 * 20)
Contribution margin ratio = 0.56 0.44 ($53/$121)
Available machine hours for production = 40,000
Allocation of machine hours per
contribution margin = 22,400 17,600 (40,000 * 44%)
Units produced 2,800 880 (17,600/20)
The marginal propensity to expend is .85. Autonomous expenditures are $3,000. What is the level of equilibrium income in the economy
The level of equilibrium income in the economy is $20,000
Calculating the problem:
The level of equilibrium income in the economy:
Equilibrium (Y) = 3000+ 0.85 Y
Y - 0.85 Y = 3000
0.15 Y = 3000
Y = 3000 ÷ 0.15
Y = 20,000
The equilibrium income is 20,000.
How does the increase impact the income level at equilibrium?The ideal level of income is:
It describes a situation in which an economy's production and market demand are balanced. When the necessary aggregate demand for goods and services equals the necessary aggregate supply, the economy is at an equilibrium level of revenue and output.
In the income-expenditure model, the equilibrium occurs at the GDP level where total spending equals gross domestic product (or GDP). This equilibrium can be located graphically and algebraically.
At a certain interest rate, demand for money rises as income does. If there is a fixed supply of money, the interest rate must rise to reduce the demand for money and preserve equilibrium.
Learn more about Equilibrium here
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# SPJ 2
If sales increase from $460,000 to $520,260, and if the degree of operating leverage is 6.60, net operating income should increase by: (Do not round your intermediate calculations and round your final answer to 2 decimal places.)
Answer: $397,716
Explanation:
Degree of Operating Leverage = Change in Net Operating Income/ Change in Sales
6.60 = Change in Net Operating Income / (520,260 - 460,000)
(520,260 - 460,000) * 6.60 = Change in Net Operating Income
Change in Net Operating Income = 62,260 * 6.60
Change in Net Operating Income = $397,716
You are given the following information for Dawn Corp.:
Decrease in inventory $ 550
Decrease in accounts payable 225
Increase in notes payable 210
Increase in accounts receivable 240
Question Completion:
Did cash go up or down? By how much?
Answer:
Dawn Corp.
The cash increased by $295.
Explanation:
a) Data and Calculations:
Decrease in inventory $ 550
Decrease in accounts payable -225
Increase in notes payable 210
Increase in accounts receivable -240
Increase in cash balance = $295
b) A decrease in inventory and an increase in notes payable sources of cash inflow. On the other hand, a decrease in accounts payable and an increase in accounts receivable are sources of cash outflow.
Financial Math
Q197948
7 hours 18 min
Bonita intends to open a small fabric shop and borrows the money for it from her aunt Magda. Bonita feels that she will only be able to start repaying her debt after three years. Bonita will then pay aunt Magda R105 000 per year for five years. Money is worth 19,5% per year.
The present value of Bonita’s debt at the time she will start paying aunt Magda back is
[1] R408 978,93.
[2] R317 500,78.
[3] R222 924,04.
[4] R525 000,00.
[5] R436 649,07.
Start working$1
Archive Tasks & Questions are stored in archive for 14 days
Biochemistry
Q200749
Deadline passed
2) Why are the ratios of OD260/OD280 and OD260/OD280 for clean nucleic acids about 2.0? Show your answer by drawing and explaining a DNA absorbance spectrum from 200 to 300 nm. Which type of contaminations can you detect with these measurements?
Answer approved2$1
Finance
Q199880
Deadline passed
Walter and Gordon model analyse the impact of distribution of dividends on the valuation of the firm but the formula used in both the cases are different. Company
ABC Ltd wanted to evaluate the price of the share in both cases. The company earns ₹ 50 per share and expects the same for the next year. The cost of capital to the firm is 11%. The company earns return on investment of 15% and the firm is planning dividend payout ratio of 60%. Calculate:
a. Price of the share using Walter Model. Comment on the relationship between return on investment and cost of capital in the case above and decision of the firm whether dividend is to be declared or not.
b. Price of the share using Gordon model. Comment on the relationship between return on investment and cost of capital in the case above and decision of the firm whether
dividend is to be declared or not.
You are declined.Your offer: $1
Financial Math
Q196935
Deadline passed
A savings account pays interest at the rate of 5% per year, compounded semi-annually. The amount that should be deposited now so that R250 can be withdrawn at the end of every six months for the next ten years is
[1] R3 144,47.
[2] R6 386,16.
[3] R1 930,43.
[4] R3 897,29.
[5] none of the above
You are declined.3Your offer: $1
Financial Math
Q198898
Deadline passed
Mr Mahlangu invests R20000 to play lobola. After 48 months he receives 65000. The interest on the investment is compounded quarterly. Determine the yearly interest rate at which money was invested. Give your answer as a percentage rounded to two decimal places.
You are declined.3Your offer: $1
Biochemistry
Q198087
Deadline passed
11. Indicate which type of bonds are involved in the following
a. Formation of the primary structure of a protein
b. Stabilization of the alpha helix and beta pleated sheet structures of proteins
12.Identify the biomolecular composition of the following cells
a.Endoplasmic reticulum
b.Mitochondria
c.Cytoskeleton
d. Nucleus
13 Under aerobic catabolism of glucose ,in which compartment of the eukaryotic cell does the following reaction occurs?
a conversion of pyruvate to acetyl CoA
b.conversion of succinyl -CoA to succinate
c.conversion ofNADH to ATP.
d.conversion of phosphologlycerate to phosphoenolpyruvate.
14. Briefly outline how ATP is generated from glucose in the absence of oxygen. What is the importance of this pathway?
15. Briefly explain the process by which excess dietary carbohydrates and lipids are stored in the human body
Answer approved2$1
Financial Math
Q197948
Deadline: 03.06.21, 14:15
Bonita intends to open a small fabric shop and borrows the money for it from her aunt Magda. Bonita feels that she will only be able to start repaying her debt after three years. Bonita will then pay aunt Magda R105 000 per year for five years. Money is worth 19,5% per year.
The present value of Bonita’s debt at the time she will start paying aunt Magda back is
[1] R408 978,93.
[2] R317 500,78.
[3] R222 924,04.
[4] R525 000,00.
[5] R436 649,07.
Answer:
gggggggggggggggggggg
FIllmore Company began operations on Sept. 1 by purchasing $4,400 of inventory and $750 of cleaning supplies. During the month, the company generated $6,000 of sales revenue. On Sept. 30, the company had $1,800 of inventory remaining, along with $550 of cleaning supplies. What was FIllmore Company's gross profit for the month of September?
Answer: $3,400
Explanation:
Gross Profit = Sales revenue - Cost of Goods sold
Cost of good sold = Opening stock + Purchases of inventory - Closing stock of inventory
= 0 + 4,400 - 1,800
= $2,600
Gross Profit = 6,000 - 2,600
= $3,400
A company has net income of $25 million, interest expense of $2 million, depreciation expense of $4 million, and spent $12 million on capital expenditures. Net new borrowing for the year is $8 million, and the firm is in the 25% tax bracket. In addition, the firm made investments in working capital totaling $2 million. What is free cash flow to equity holders
Answer:
$23 million
Explanation:
Let free cash flow to equity holders be represented by 'FCFE"
FCFE = Net income - Net Capital expenditure - Change in working capital + Net Borrowing
FCFE = Net income - (Capital expenditure - Depreciation) - Change in working capital + Net Borrowing
FCFE = $25 million - ($12 million - $4 million) - $2 million + $8 million
FCFE = $23 million
So, the free cash flow to equity holders is $23 million.
In 2007, Gillette saw an opportunity to capture the market of 500 million Indians who used double edge razors with no protection between the blade and the skin. Gillette sought to make an inexpensive and safe disposable razor. Their first product, The Vector failed because it always clogs. What do you think went wrong
Answer:
Gillette in India
The failure of the Vector was caused by the fact that Indian men have longer and thicker hair, which the lack of earlier research in the targeted demographic segment did not discover.
Explanation:
Since Indian men have longer and thicker hair than the local consumers of Gillette's razor products in America, an earlier research would have uncovered the fact. Thereafter, the discovery would have been incorporated into the design and production of Vector for the Indian market. No wonder, with its Mach 3 Turbo razor, Gillette overcame its initial inertia and handicap and made a success of the razor business in India.
What is the present value of a perpetuity of $20,000 per month, if the first cash flow will be received exactly nine months from now, and the stated rate is 12% APR compounded monthly
Answer:
$1,828,679.65
Explanation:
The computation of the present value of the perpetuity is shown below;
The Present value of the perpetuity is
But before that as on the start of the perpetuity is determined using the formula,
= Perpetuity Amount ÷ Monthly rate
= $20,000 ÷ 1%
= $2,000,000
Now
Present value today is
= Present value of perpetuity as on the start of the perpetuity ÷ (1 + Monthly rate)^Months
= $2,000,000 ÷ (1 + 1%)^9
= $2,000,000 ÷ 1.093685273
= $1,828,679.65
Great Wall Pizzeria issued 10-year bonds one year ago at a coupon rate of 6.3 percent. If the YTM on these bonds is 8.5 percent, what is the current bond price
Answer:
the current bond price is $865.38
Explanation:
The computation of the current bond price is shown below:
Given that
NPER is = 10 - 1 = 9
RATE is 8.5%
We assume the future value be $1,000
SO, the coupon i.e. PMT is = $1,000 × 6.3%
the formula is shown below:
=-PV(RATE,NPER,PMT,FV,TYPE)
After applying the above formula, the current bond price is $865.38
Customers arrive at a suburban ticket outlet at the rate of 14 per hour on Monday mornings. This can be described by a Poisson distribution. Selling the tickets and providing general information takes an average of 3 minutes per customer, and varies exponentially. There is 1 ticket agent on duty on Mondays. Determine each of the following:______________(A) system utilization.(B) average number in line.(C) average time in line.(D) average time in the system.
Answer:
Following are the solution to the given points:
Explanation:
When the arrival rate matches the distribution of Poisson, the rate of delivery varies exponentially as well as the server exists. The paradigm, therefore, is W/M/I, an exponential time interval concept, and one server.
Arrival rate [tex](\lambda) = 14\ per\ hour[/tex]
Service rate[tex]( \mu) =\frac{3\ minutes}{customer} = \frac{60 minutes (1 hour)}{3 minutes}= 20 \ \frac{customers}{hour}[/tex]
For point A:
System utilization[tex]=\frac{\lambda}{\mu}=\frac{14}{20}=0.7[/tex]
For point B:
Average number in line:
[tex](L_q )=\frac{\lambda^2}{\mu \times (\mu-\lambda)}\\\\=\frac{14^2}{20\times (20-14)}\\\\= 1.633[/tex]
For point C:
Average time in line:
[tex](W_q)=\frac{L_q}{\lambda}\\\\=\frac{1.633}{14} \ hours\\\\=\frac{1.633}{14} \times 60 \ minutes\\\\= 7\ minutes[/tex]
For point D:
Average time in the system:
[tex](W_s)=w_q+\frac{1}{\mu}\\\\=7\ minutes + \frac{1}{20} \ hours\\\\=7 \ minutes + \frac{60}{20} \ hours\\\\= 7 \ minutes + 3\ minutes\\\\= 10 \ minutes\\[/tex]
3. How would you evaluate IMAX's international expansion to date?
Answer:
yes
Explanation:
yes
The best evaluation of the expansion of the IMAX is that there is a faster spread of the business internationally than domestically.
What is a Business Expansion?This refers to the period of growth peak when a business has to seek extra options to develop and generate more profit.
Hence, we can see that from the expansion of IMAX, there is the creation of more theatres in India as they have entered a business partnership with Inox to bring the total number of contracted theatres in India to 40
Read more about business expansion here:
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Asteroid Industries accumulated the following cost information for the year: Direct materials $ 15,100 Indirect materials 3,100 Indirect labor 7,600 Factory depreciation 11,900 Direct labor 36,100 Using the above information, total factory overhead costs equal:
Answer:
the total factory overhead cost is $22,600
Explanation:
The computation of the total factory overhead is shown below:
Factory overhead is
= Indirect material + Indirect labour + Factory depreciation
= $3,100 + $7,600 + $11,900
= $22,600
basically we added the above three items so that the total factory overhead cost could come
hence, the total factory overhead cost is $22,600
26 . Alpha Co. can produce a unit of Beta for the following costs: Direct Material $4 Direct Labor 12 Overhead 20 TOTAL $36 An outside supplier offers to provide Alpha with all the Beta units it needs at $30 per unit. If Alpha buys from the supplier, Alpha will still incur 50% of its overhead. The proper decision and the total relevant cost to compare with the $30 purchase price are:
Answer:
b. Make, $26
Explanation:
Options are "A. Buy, $26. B. Make, $26. C. Buy, $36. D. Make, $36 E. Buy, $40"
Calculation of total relevant cost
Direct materials $4
Direct labor $12
Overhead $10 ($20 * 50%)
Total relevant cost $26
Since the relevant cost is $26 when making, so the proper decision and the total relevant cost to compare with the $30 purchase price are "Make, $26".
21. Website: https://www.responsibletravel.com/
Responsibletravel.com (RT) was launched in April 2001, with backing from Anita Roddick (the
founder of the Body Shop). It is the first and largest business promoting and selling responsible
and eco-travel globally. RT likes to get the inside track on places, to discover travel secrets away
from the tourist crowds. It has found specialists who know places intimately to run the tours help
you to travel like a local'. RT wants to ensure the place its customers travel to remain special
unspoilt by tourism.
RT bases its entire operation on a socially and ecologically sustainability model that aims to help
rein invent the tourism industry for the long-term benefit of local people, the environment,
travelers and the tourism industry. The entire premise of RT's business is to market and distribute
more responsible holidays, thereby creating more jobs for local people, greater income for local
people and increased benefits for conservation, whilst at the same time minimizing negative
impacts on local environments and cultures.
A) Formulate a definition for the term 'social sustainability in your own words (RAK) *
Suppose that 57% of all people with credit records improve their credit rating within three years. Suppose that 22% of the population at large have poor creditratings within three years. What percentage of then people who will improve their credit records within the next three years are the ones who currently have good credit ratings? ratings, and of those only 25% will improve their credit
Answer:
(a) The percentage of people currently have poor credit ratings and will improve their credit records within the next three years is 12.54%.
(b) The percentage of the people who will improve their credit records within the next three years are the ones who currently have good credit ratings is 44.46%.
Explanation:
Note: This question is not properly arranged. It is therefore, properly rearranged before answering the question as follows:
Suppose that 57% of all people with credit records improve their credit ratings within three years. Suppose that 22% of the population at large have poor credit records, and of those only 25% will improve their credit ratings within three years. (a) What percentage of people currently have poor credit ratings and will improve their credit records within the next three years? (b) What percentage of the people who will improve their credit records within the next three years are the ones who currently have good credit ratings?
The explanation of the answers is now provided as follows:
Based on the question, we have:
Percentage that improve credit rating = 57%
Percentage that do NOT improve credit rating = 100% - Percentage that improve credit rating = 100% - 57% = 43%
Percentage with poor credit rating = 22%
Percentage with good credit rating = 100% - Percentage with poor credit rating = 100% - 22% = 78%
Therefore, we have:
(a) What percentage of people currently have poor credit ratings and will improve their credit records within the next three years?
Percentage with poor credit rating that will improve credit records = Percentage with poor credit rating * Percentage that improve credit rating = 57% * 22% = 12.54%
Therefore, the percentage of people currently have poor credit ratings and will improve their credit records within the next three years is 12.54%.
(b) What percentage of the people who will improve their credit records within the next three years are the ones who currently have good credit ratings?
Percentage with good credit rating that will improve credit rating = Percentage that improve credit rating * Percentage with good credit rating = 57% * 78% = 44.46%
Therefore. the percentage of the people who will improve their credit records within the next three years are the ones who currently have good credit ratings is 44.46%.
What should be the function of money? What do you mean by M2?
subject Macroeconomics, please please help...
Money is any object in which you can exchange for goods or services. We consider this currency. Money is also a store of value so that you can get those goods and services at a later time (so you don't have to immediately use up the currency right away if you don't need to).
If at some future date, the unit of money isn't able to purchase as much as it used to, then we say that inflation has occurred. For example, if a loaf of bread costs $1 today but then $5 ten years from now, then we say inflation has kicked in.
-------------------------
Before we talk about M2, it helps to start with M0. That's a zero and not the letter 'oh'. In economics, M0 is the total collection of all cash (bills and coins) that are in circulation. This means we're just talking about physical things people can touch. Building to M1, it involves everything M0 talks about plus things like travelers checks and demand deposits. So if you're talking about M1, then you involve all physical cash as well.
Then finally moving to M2, it involves everything M0 and M1 does, plus savings accounts and time deposits. By "time deposits", I mean things like mutual funds and money market accounts. Basically things you may hear about when talking about wall street.
In short, M2 involves all physical cash plus other electronic stores of value (this is a fairly vague definition but it may work in many settings). It does not involve large time deposits as that is what M3 handles.
A company provided the following GAAP and non-GAAP information:
Income Statement (GAAP)
($ in millions) 2019A
Revenue 732
Cost of goods sold (excl. SBC) 149
Gross profit 583
Research & development 121
Other operating expenses 406
Operating profit 56
Interest expense 145
Other expenses 17
Pretax profit (106)
Taxes (15)
Net income (91)
Non-GAAP Operating profit
($ in millions) 2019A
GAAP Operating profit 56
Amortization of purchased intangible assets 6
Stock based compensation 51
Restructuring expenses 184
non-GAAP operating profit 297
non-GAAP Net income
($ in millions) 2019A
GAAP Net income (91)
Amortization of purchased intangible assets 6
Stock based compensation 51
Restructuring expenses 184
Losses on investments 14
Tax impact of non-GAAP items (65)
non-GAAP Net income 99
Stock based compensation
($ in millions) 2019A
Cost of goods sold 16
Research & development 12
Other operating expenses 23
Stock based compensation 51
Amortization of purchased intangible assets
($ in millions) 2019A
Cost of goods sold 5
Other operating expenses 1
Amortization of purchased intangible assets 6
Cash flow statement
($ in millions) 2019A
GAAP net income 346
Depreciation and amortization 108
Stock based compensation 51
Changes in working capital 8
Other 9
Cash from operations 522
The company above defines adjusted EBITDA is defined as operating profit before depreciation and amortization and excluding non-GAAP items. Based on the information provided, what is 2019 adjusted EBITDA?
a. $414 million
b. $405 million
c. $399 million
d. $170 million
Answer: $399 Million
Explanation:
Based on the information provided, the 2019 adjusted EBITDA will be:
Operating profit = $56
Add: Depreciation and amortization = $108
Add: Stock based compensation = $51
Add: Restructuring expenses = $184
Adjusted EBITDA = $399 million
Miguel consumes only art classes and anthropology classes. Miguel prefers a bundle of art classes and anthropology classes (with not necessarily equal to ) over a bundle of art classes and anthropology classes if (and only if) and . If and then Miguel prefers , over , . If neither case is true, he is indifferent between the two bundles.
a. Miguel's preferences satisfy the completeness assumption
b. Miguel's preferences satisfy the transitivity assumption
c. Miguel's preferences satisfy the non-satiation assumption
Answer: A. Miguel's preferences satisfy the completeness assumption
Explanation:
Based on the information given, Miguel's preferences satisfy the completeness assumption.
According to the completeness axiom, an individual or firm must be able to make a choice whether the economic agent is either indifferent to, or maybe prefers, a particular set of options over other options.
This implies that consumers can rank the possibilities as better, good, bad, worse etc and an indifference curve can be assigned.
