The Awami League's victory in the 1970 general elections of Pakistan was a historic moment in the country's political history. The party won a majority in East Pakistan, which was later to become Bangladesh after a bloody civil war.
This victory was a clear indication of the growing sense of alienation felt by East Pakistanis, who felt that the West Pakistani elites had been neglecting their needs and aspirations.
The Awami League's victory was followed by a brutal crackdown by the Pakistani military on the East Pakistani population, which led to a widespread loss of life and property.
This crackdown, which came to be known as the Bangladesh Liberation War, ended with the intervention of India, which supported the Awami League's demand for an independent Bangladesh.
The aftermath of the Awami League's victory and the creation of Bangladesh was a period of great turmoil and uncertainty for the people of both countries.
In Pakistan, the military government that had taken over in a coup in 1969 faced a crisis of legitimacy, while in Bangladesh, the newly-formed government struggled to establish its authority and build a functional state.
In conclusion, the Awami League's victory in the 1970 general elections was a significant event in the history of Pakistan and Bangladesh. It was a reflection of the growing sense of alienation felt by East Pakistanis and the neglect of their needs and aspirations by the West Pakistani elites.
However, the aftermath of the victory was marred by violence and uncertainty, which had far-reaching consequences for both countries.
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As a project manager, you want to integrate change management into your project. you do this by ensuring stakeholders are aware of the upcoming changes. you introduce the deliverable to stakeholders by hosting a demonstration and a question and answer forum. these actions represent which change management best practice?
As a project manager, an action which ensuring stakeholders are aware of the upcoming changes, introducing the deliverable to stakeholders by hosting a demonstration and a question and answer forum would represent within the change management best practice is: a. Be proactive.
Who is a project manager?A project manager can be defined as an individual who is saddled with the responsibility of assembling a team that have common aims, goals, and objectives, in order to successfully execute and implement a project.
As a project manager, there are five best practices that used must adopt to change management on your projects and these include the following:
Be proactive.Communicate upcoming changes to stakeholders.Follow a consistent process.Show and practice empathyMake use of tools.In this context, we can reasonably infer and logically deduce that all project managers are expected to be proactive by ensuring their stakeholders are aware of any upcoming change.
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Complete Question:
As a project manager, you want to integrate change management into your project. You do this by ensuring stakeholders are aware of the upcoming changes. You introduce the deliverable to stakeholders by hosting a demonstration and a question and answer forum. These actions represent which change management best practice?
a. Be proactive
b. Practice empathy
c. Follow a consistent process
d. Use tools
Suppose the market price of chicken wings in a university town recently increased. Economics students studying at the university are discussing potential causes of the price increase. One group of students theorize that the price increased because several wing joints in the area have recently gone out of business. Others claim the increase in the price of chicken wings is because of a recent decrease in the price of beer.
Everyone agrees that the decrease in the price of beer was caused by a recent decrease in the price of hops, which are not generally used in making chicken wings.
The first group of students claim the increase in the price of chicken wings can be attributed to the fact that several wing joints in the area have recently gone out of business.
This may explain the price increase, as the decreased competition in the economics market could lead to an increase in price.
What is economics market?Economics market is an environment where buyers and sellers interact in order to exchange goods and services for money. It is the basis for the study of economics, which is the study of the production, distribution, and consumption of goods and services. Markets can be divided into different types depending on the nature of the product or service being exchanged. The two primary types of markets are the perfect competition market and the imperfect competition market. Perfect competition markets are those in which all buyers and sellers are equal and have access to the same information.
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Which portion would not be part of an investment portfolio? ( A ) A SAVINGS 529 PLAN ( B ) Equity investments in a company ( C ) a saving account ( D ) Commodities funds I picked ( A ) and it was wrong but when I checked 5.07 Unit Test: Saving and Investing Quiz flashcards it says ( a ) so where I go wrong. plus i got number 1 wrong to it says . ( 1 ) Which situation is a good reason to have a financial reserve that's larger than normal?
, having a large monthly car payment, ,
being able to find another job quickly if needed - I picked this one wrong again but the flash card said its this one
having mostly discretionary expenses
having an income that is fairly predictable
The portion that would not be part of an investment portfolio is : ( C ) a saving account
The situation that is a good reason to have a financial reserve that's larger than normal is: A. Having a large monthly car payment.
Which portion would not be part of an investment portfolio?1. Option C, a saving account, would not be part of an investment portfolio as it is a basic bank account that offers low interest rates and is typically used for saving money rather than investing.
The other options, A, B, and D, are all investment options that can be included in an investment portfolio
2. Having a large monthly car payment is a situation that would warrant having a financial reserve that's larger than normal. This is because the car payment is a fixed expense that must be paid every month, and in the event of a financial emergency or unexpected expense, having a larger financial reserve can provide a cushion and prevent defaulting on the car payment.
It is always a good idea to have a financial reserve that can cover at least three to six months of expenses, regardless of the specific situation.
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what would happen to output, employment, and the price level if the government increased spending on infrastructure, ceteris paribus? output would decrease, employment would decrease, and the price level would decrease. output would decrease, employment would decrease, and the price level would increase. output would decrease, employment would increase, and the price level would increase. output would increase, employment would increase, and the price level would decrease. output would increase, employment would increase, and the price level would increase.
If the he government increased spending on infrastructure, Output would decrease, employment would decrease. And for that, based on the ceteris paribus, the price level would decrease.
Ceteris paribus generally can be defined as a Latin phrase, meaning "other things equal". Ceteris paribus also generally can be defined by some other English translations of the phrase are "all other things being equal", "all else being equal", "other things held constant", and "all else unchanged".
The example of ceteris paribus in economic and business would be the economic law of supply. When keeping others factors constant or ceteris paribus, An increase in price results in an increase in quantity supplied.
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Answer:
E) Output would increase, employment would increase, and the price level would increase.
Which of the following would the social security tax pay for? a health insurance b pensions for the elderly and disabled that qualified c vacations d education
Which of the following are signs of a market failure?.
Answer:
Productive and allocative inefficiency.
Monopoly power.
Missing markets.
Incomplete markets.
De-merit goods.
Negative externalities.
What type of risk are equity investors rewarded for taking?
Why?
Equity investors are rewarded for taking market risk because they have the potential to earn higher returns by participating in the growth and success of companies.
Equity investors are rewarded for taking market risk. Market risk refers to the risk associated with investing in the overall market or a specific market segment. Equity investors are exposed to market risk because the value of their investments is influenced by various factors such as economic conditions, market fluctuations, industry performance, and company-specific events
Investing in equities involves the potential for both gains and losses. The reason equity investors are rewarded for taking market risk is that they have the potential to earn higher returns compared to other lower-risk investments such as fixed-income securities. The compensation for taking on market risk comes in the form of capital appreciation and dividends, which are the main sources of returns for equity investors.
The rationale behind this reward is that equity investors bear the uncertainty and volatility of the market and provide capital to businesses to grow and generate profits. By accepting the inherent risk, investors have the opportunity to participate in the potential growth and success of the companies they invest in, leading to potential higher returns over the long term.
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Electric power production and distribution is an industry that is dominated by natural monopolies. Companies are given a monopoly to operate in an area by local, county, or state government, and in return, they have a legal obligation to provide electricity on demand to all customers in a geographic area. As a result, state and federal agencies extensively regulate utility companies to ensure customers and businesses are treated fairly. At the state level, an elected or appointed commission sets the rate of use for consumers, based upon the request of the providers. By law, these rates must allow the utility company to recover its cost of service, as well as to make a profit on their investment. Which form of government regulation does this passage primarily describe? taking over a company to operate it placing price limitations on a producer requiring public ownership of an industry insisting on approval over decision making.
Answer:
placing price limitations on a producer
Explanation:
"these rates must allow the utility company to recover its cost of service"
A standard electricity supplier is the main integrated owner of production, transmission, and distribution. These are included under natural monopolies.
What are natural monopolies?One top line reduces both the high cost and the loss of electricity inputs per unit of carrying capacity, transmission and distribution are the only natural monopolies.
The freshly generated energy is transmitted at high voltage and distributed to residential and commercial users at low voltage. Two aspects of electrical power make resources different from many other industries.
First, both high voltage transmission and low-voltage distribution are most economically done in a single line or single line network.
Second, because electricity cannot be stored cheaply, it should be produced as soon as it is needed. Failure to adjust production to demand may result in blurring or darkening of a large area.
In view of these factors, a typical electricity supplier as a natural monopolist is the main integrated owner of production, transmission and distribution.
It holds the administrative mandate given to the government as a legal compensation as a public service to serve all customers in the area.
It (or a few resources) is responsible for the operation of the control area, where it must maintain integrity and deliver economic productivity.
Thus, a typical electricity supplier as a natural monopolist is the main integrated owner of production, transmission, and distribution.
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You are looking for a sales associate position in a retail store. You find an online job posting for a retail store that sells casual apparel for young men and women. What are some ways that you could find out more information about the company before you apply for the retail store position?
You can learn more about the position from a variety of sources, including job advertisements, career counselors, career profiles, and your network of friends.
What are some methods by which you could learn more about the business?
1. Career profiles: You can talk with people using these to learn more about jobs and obtain interview preparation advice.
2. Career counselors: They are the ideal people to assist you in finding a job.
3. Job Advertisement: This is a fairly straightforward technique to learn about the fundamental requirements and assess how well you meet them.
4. Network: Knowing the job and succeeding at it both depend on networking.
Here, you can learn more about the sales associate position in detail by reading the job description on the firm's website or in a job portal, browsing the website to get ready for the interview, and connecting with your friends to learn more about the profile in general.
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hi.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,,.,.,.,.,.,;]
Answer:
Hellllllllllllllllllllllllllllllllllllo
Explanation:
Explain the concept of an opportunity cost with an appropriate example
Answer:
Explanation:
Opportunity cost is an economics tool that is useful in the process of making a choice of goods and services in order to ensure that scarce resources are used efficiently.
The opportunity cost of a product or service is the name given to an income that could be earned when such product or service is put to an alternative use.
It can also be described as the cost of the alternative forgone to achieve a particular product or service
For an example , if a student decides to give up on watching a movie to study for his exam , the opportunity cost of the exam is the cost and pleasure related to the movie
Product enhancements
A) do not really change the basic product.
B) include guarantees and warranties.
C) include features and options
D) reduce the number of target markets one product can satisfy.
Answer:
C or A
Explanation:
I could answer better with more context
what most demonstrated consumers’ changing buying patterns during the covid-19 pandemic?
Due to extensive lockdowns, a volatile economy, and changes in lifestyle, the COVID-19 pandemic significantly altered consumers' purchasing habits.
The new coronavirus that started the COVID-19 pandemic, which has had an impact on almost every sphere of civilization, is a major worldwide health concern. Since its initial discovery in Wuhan, China in December 2019, it has spread quickly over the world, causing numerous lockdowns and travel restrictions. The epidemic has significantly impacted the world economy, resulting in significant employment losses, economic uncertainty, and supply chain disruptions. Businesses have been forced to shut down, and those that are still operating have had to change to comply with new health and safety regulations. Millions of people now work from home as a result of the epidemic, which has also transformed the way that people work and accelerated the transition to digital technology.
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What would happen if the government increases spending and taxes by equal amounts?
Consumption is a statistical measure of an economy's demand from its household sector. An economy's level of consumption is influenced by a number of variables, including consumer wealth, income, the need for savings, market interest rates, and more.
Let's say that a recessionary gap has developed in the economy as a result of insufficient overall demand. To calculate how much more the government should spend in order to bring the economy back to its potential GDP, which is full employment, we can utilize the spending multiplier's algebra.
Remember that the amount of GDP, or national income, equals aggregate spending, and this is where macro equilibrium in the income-expenditure model is found. The equation for the total expense is
Total Expenditure = = C + I + G + (X – M).
Finally, keep in mind that income taxes are included in this case, which means that people spend their available funds (or take-home pay). The consumption equation below, which subtracts taxes before spending, illustrates this.
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what is the depletion cost per ton if a newly discovered mineral deposit costs $3,800,000 to acquire, mining rights cost $825,000, and site preparation costs are $1,175,000? assume that the mine will yield 5,000,000 tons of ore and have no salvage value.
Assume that the mine will yield 5,000,000 tons of ore and have no salvage value.
Marine salvage is the method of improving a ship and its shipment after a shipwreck or other maritime casualty. Salvage may embody towing, re-floating a vessel, or effecting maintenance to a ship. Today, defending the coastal environment from spillage of oil or different contaminants is a high priority. Before the discovery of radio, salvage services would take delivery to a bothered vessel by any delivery that passed off to be passing via. In recent times, maximum salvage is done by means of expert salvage corporations with devoted crew and equipment. The felony significance of salvage is that a successful salvor is entitled to a reward, that is a percentage of the entire cost of the ship and its cargo.
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What is a disadvantage to online
banking?
security breaches can
happen and compromise
your personal information
it makes you use your
computer
it prevents you from
having to go to the
ATMto deposit
money
it is convenient
One major disadvantage of online banking is the potential for security breaches and the compromise of personal information. Since online banking involves transmitting sensitive information over the internet, such as account numbers, passwords, and social security numbers, there is always a risk of that information being intercepted by hackers or other unauthorized individuals.
Additionally, online banking may require the use of a computer or mobile device, which can be inconvenient for those who do not have easy access to such devices or who prefer to conduct their banking in person. Finally, while online banking may be convenient for many people, it does not allow for the same level of personal interaction with bank representatives as traditional banking methods, which can be a disadvantage for those who prefer to have a more personalized banking experience.
when riley, a physical therapist, prescribes stretches and exercises to his patients, he is communicating externally.
It is true that Riley, a physical therapist, prescribes stretches and exercises to his patients when he is communicating externally.
Who is a physical therapist?A physical therapist whose abbreviated form is PT is a health specialist who evaluates and treats human body disorders. They may help us to manage illnesses or injuries to our Musculoskeletal system (bones and muscles), Neurological systems (brain), Cardiopulmonary system (heart and lungs) and Integumentary system (skin). Some people visit a physical therapist for advice on becoming healthier and how to prevent future problems from occurring.
Physical therapists help people of all ages and at different life stages.
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A passive fund manager would be most likely to do which of the following ?A- Research the stocks in the benchmakr's portfolio extensively so as to align with itB- Align with both the market and individual funds by using competitive informationC- Beat the Benchmark Index performance by achivieng a higher returnD- Match the fund's performance to the benchmark index 's performance
A passive fund manager would be most likely to do Match the fund's performance to the benchmark index's performance. Thus the correct option is D.
What is a Passive fund?Funds that are managed passively stick to an index. High turnover may potentially be a problem for passively managed funds since the fund will experience it if the index experiences it. It results in lower risk, flexibility, effective tax rates, and ease of use.
An objective of a passive fund manager is to monitor the performance of a specific index or stock market. The index that passive managers are seeking to track and use to rebalance the fund are at odds with one another.
Therefore, option D is appropriate.
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In HVAC systems, sensors are one of the most important components. i. What is the main function of the sensors? ii. Based on different HVAC variables, what kind of sensors are normally used in the intelligent buildings? iii. Explain the different sensors with their advantages and disadvantages Resistance temperature devices ► Thermistors Thermocouples (14 marks)
In HVAC systems, sensors play a crucial role in regulating indoor climate control. They measure various environmental parameters and send signals to the system for effective control. Different types of sensors are used in intelligent buildings based on HVAC variables. These sensors include temperature sensors, occupancy sensors, humidity sensors, carbon monoxide sensors, light level sensors, and pressure sensors. Each sensor serves a specific function and contributes to optimizing HVAC performance.
1. Temperature Sensors:
Temperature sensors, such as Resistance Temperature Devices (RTDs), thermistors, and thermocouples, measure ambient temperature. RTDs offer high accuracy and repeatability, while thermistors are highly sensitive and cost-effective. Thermocouples have a wide temperature range but lower accuracy compared to RTDs and thermistors.
2. Occupancy Sensors:
Occupancy sensors detect the presence of occupants in a space and help control HVAC systems based on occupancy. They contribute to energy efficiency by optimizing HVAC usage.
3. Humidity Sensors:
Humidity sensors measure moisture content in the air. They assist in maintaining appropriate humidity levels for occupant comfort and preventing moisture-related issues.
4. Carbon Monoxide Sensors:
Carbon monoxide sensors detect harmful gas presence, ensuring indoor air quality and safety.
5. Light Level Sensors:
Light level sensors monitor light intensity in a space, enabling daylight harvesting and controlling artificial lighting systems to conserve energy.
6. Pressure Sensors:
Pressure sensors measure air pressure within the HVAC system. They help monitor and regulate airflow, ensuring proper ventilation and system performance.
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a store at the mall having a minimum age requirement for workers is an example of which category of employee rights?
A. employee polygraph protection
B. workers compensation
C. workplace safety and health
D. wages and hours
Answer:D
Explanation:
I believe !
An example of a category of employee rights is a store in a mall that has a minimum age restriction for employees. Another example is salaries and hours. Hence option D is correct.
What rights do workers have?You won't experience bullying or unjust treatment because of your race, colour, religion, sexual orientation, gender identity, national origin, handicap, age, or genetic information. Equal payment is made for comparable effort.
The Act establishes and makes clear three rights for employees: a "right to know" about the risks associated with their employment, a right to report workplace hazards to OSHA, and a right to protection against reprisals for exercising OSHA-protected rights.
Elimination of all forms of child labour, effective outlawing of forced or involuntary labour, and the abolition of discri mination based on unjust treatment employment and occupation, the right to associational freedom, and.
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catherine decides to think about retirement and invests at the age of 21. she invests $25,000 and hopes the investment will be worth $500,000 by the time she turns 65. if the interest compounds continuously, approximately what rate of growth will she need to achieve his goal?
Answer:6.8%
Explanation:
What is TRUE about non-depository financial institutions?
Non-Depository financial institutions are those institutions that provide various financial assistance. These institutions serves as an intermediaries between borrowers and savers. ... The non-depository financial institutions include commercial banks, credit unions, and saving banks. Therefore, option D is correct
Upload your Environmental Regulations project below.
Answer:
Environmental regulations are government policies and laws that aim to protect the environment and human health by controlling and minimizing the release of harmful pollutants and substances into the air, water, and land. These regulations can take the form of standards, guidelines, or restrictions that are designed to reduce the negative impacts of human activities on the environment.
Here are some examples of environmental regulations:
Clean Air Act: This act regulates the emissions of air pollutants from both stationary sources (such as factories and power plants) and mobile sources (such as cars and trucks). It also sets standards for air quality and requires the EPA to monitor and report on air pollution levels.
Clean Water Act: This act regulates the discharge of pollutants into the nation's surface waters, such as lakes, rivers, and streams, and sets water quality standards. It also requires permits for certain discharges and provides for enforcement of the standards.
Resource Conservation and Recovery Act (RCRA): This act regulates the management of hazardous and non-hazardous solid waste, including the treatment, storage, and disposal of these wastes.
Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA, or "Superfund"): This act provides for the cleanup of hazardous waste sites and holds responsible parties accountable for the costs of the cleanup.
Endangered Species Act: This act protects endangered and threatened species and their habitats by regulating activities that may harm them.
The implementation and enforcement of environmental regulations is usually the responsibility of environmental agencies, such as the Environmental Protection Agency (EPA) in the United States.
Overall, environmental regulations play a crucial role in protecting the environment and public health, and are essential for ensuring that human activities are carried out in a sustainable manner.
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE
Ivywood Country Club recently hired Spencer to find additional resources, make major decisions involving membership, and develop ideas for new swag to be sold in the pro shop. What unique skill did the club MOST likely need when they hired Spencer?
capital capacity
labor talent
entrepreneurial ability
Answer:
entrepreneurial ability
Explanation:
Entrepreneurial ability is the capacity to understand every aspect of a business. It entails combining a range of technical, management, and personal skills. Entrepreneurial ability incorporates creativity, ambition, determination, teamwork, risk management, and a sense of responsibility.
Spencer must have Entrepreneurial abilities; that's why the club hired him. The club believes that his creativity and determination will be useful in finding additional resources. Spencer can recognize, attract, and retain talent. Entrepreneurial abilities involve taking over a business that already exists and making it better.
Use either a shift in demand or a shift in supply to GRAPHICALLY represent each of the following situations. Also, label the graphs correctly and indicate the changes in equilibrium in each case. a) Avocado prices: Increased popularity of avocados as a health food. b) Gasoline prices: Interruption of oil supplies because of war in the Middle East. c) SUV market: Increased gasoline prices. d) Ipad market: Technology improvements reduce the cost of manufacturing. Four separate graphs please
Shift in demand in Avocado prices: Avocado prices will increase because of the increased popularity of avocados as a health food. The demand curve will shift to the right side because of the increased demand for avocados. The shift in demand is shown by a movement from point A to point B on the graph.
The equilibrium price and quantity will increase as shown in the graph. Shift in supply in Gasoline prices: The supply of oil has been interrupted because of the war in the Middle East. This will lead to a decrease in supply and the supply curve will shift to the left. The shift in supply is shown by a movement from point A to point B on the graph. As shown in the graph below, the equilibrium price will increase and the equilibrium quantity will decrease. Shift in demand in the SUV market: Increased gasoline prices will lead to a decrease in demand for SUVs.
The demand curve will shift to the left side because of the decreased demand for SUVs. The shift in demand is shown by a movement from point A to point B on the graph. As shown in the graph below, the equilibrium price and quantity will decrease. Shift in supply in the iPad market: Technology improvements will reduce the cost of manufacturing iPads. This will lead to an increase in supply and the supply curve will shift to the right. The shift in supply is shown by a movement from point A to point B on the graph. As shown in the graph below, the equilibrium price will decrease and the equilibrium quantity will increase.
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in a famous case, in 1990, a company was forced to honor a coupon from 1950 for a $5 car muffler. by 1990, such a new muffler retailed for $299. this was because:
In a well-known incident from 1990, a business was compelled to honor a voucher from 1950 for a $5 automobile exhaust. Such a modern exhaust sold for $299 in 1990. It was still theoretically valid because the original coupon did not have an expiration date.
What does it indicate when a coupon runs out of time?When a coupon has passed its expiration date, the retailer should no longer honor it as long as their store is open that day. If the store is open around-the-clock, the coupon's validity ends when the clock strikes midnight, making the date technically the following day.
Are coupons without an expiration date still valid?Because they can be checked at the register, it is unlikely—not impossible, but still very unlikely—that a retailer will take them. The register at the store is used to detect the coupon's value and connect it to the appropriate item being purchased.
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Allegra wants to purchase a cruise to alaska. in the search process, she discovers this purchase is different from an expenditure on a car in that the cruise ______.
What Allegra is going to discover is that this purchase is different from an expenditure on a car in that the cruise cannot be easily separated from the service providers such as the stewards and crew.
What is a purchase?
This is a term that is used to refer to the fact that a person has acquired a good or a commodity.
The purchase of this product is one that can not be differentiated from one that would have all the crew members intact.
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A bond that has a face value of $3,500 and coupon rate of 3.30% payable semi-annually was redeemable on July 1, 2021. Calculate the purchase price of the bond on February 10, 2015 when the yield was 3.80% compounded semi-annually.
The purchase price of the bond on February 10, 2015, with a face value of $3,500, a coupon rate of 3.30% payable semi-annually, and redeemable on July 1, 2021, when the yield was 3.80% compounded semi-annually, is approximately $3,259.19.
To calculate the purchase price of the bond, we need to determine the present value of the bond's future cash flows. The coupon payments and the redemption value are the cash flows associated with the bond.
First, we calculate the present value of the coupon payments. Since the coupon rate is stated as an annual rate, we divide it by two to account for semi-annual payments. Using the formula for present value of an annuity, we discount the semi-annual coupon payments at the yield rate of 3.80% compounded semi-annually for the remaining periods until the bond matures.
Next, we calculate the present value of the redemption value. The face value of the bond is discounted at the yield rate for the remaining periods until the bond matures.
Finally, we sum up the present values of the coupon payments and the redemption value to obtain the purchase price of the bond. Using the calculations, the purchase price on February 10, 2015, is approximately $3,259.19.
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In a natural monopoly, a. society would be better off if antitrust laws were used to create many different firms in the market. b. the marginal cost curve is positively sloped. c. if the government requires marginal cost pricing, it will likely have to subsidize the firm.
Answer:
C.
Explanation:
In a natural monopoly, if the government requires marginal cost pricing, it will likely have to subsidize the firm. That is because as a natural monopoly they do not have other firms that can provide assistance in order to lower the costs of producing additional units, therefore their only actual option is to finance the costs themselves.
calco inc. rents its store location. rent is $9,000 per month, payable quarterly in advance. on july 1, a check for $27,000 was issued to the landlord for the july–september quarter. required: prepare the horizontal model and journal entry for each of the following transactions. to record the payment on july 1, assuming that all $27,000 is initially recorded as rent expense. to record the adjustment that would be appropriate at july 31 if your entry in a had been made. to record the payment on july 1, assuming instead that all $27,000 is initially recorded as prepaid rent. to record the adjustment that would be appropriate at july 31 if your entry in c had been made. to record the adjustment that would be appropriate at august 31 and september 30, regardless of how the payment on july 1 had been initially recorded (and assuming that the july 31 adjustment had been made). indicate the financial statement effect. if you were supervising the bookkeeper, how would you suggest that the july 1 payment be recorded?
To record the payment on July 1, assuming that all $27,000 is initially recorded as rent expense, the journal entry would be:
Date: July 1
Rent Expense: $27,000
Cash: $27,000
To record the adjustment that would be appropriate at July 31 if the entry in a had been made, we need to recognize the portion of rent expense that relates to July. Since the payment was made for the July-September quarter, the adjustment for July 31 would be:
Date: July 31
Rent Expense: $9,000
Prepaid Rent: $9,000
To record the payment on July 1, assuming instead that all $27,000 is initially recorded as prepaid rent, the journal entry would be:
Date: July 1
Prepaid Rent: $27,000
Cash: $27,000
To record the adjustment that would be appropriate at July 31 if the entry in c had been made, we need to recognize the portion of prepaid rent that has been used up in July. The adjustment for July 31 would be:
Date: July 31
Rent Expense: $9,000
Prepaid Rent: $9,000
To record the adjustment that would be appropriate at August 31 and September 30, regardless of how the payment on July 1 had been initially recorded, we need to recognize the portion of prepaid rent that has been used up in each month. The adjustments for August 31 and September 30 would be:
Date: August 31
Rent Expense: $9,000
Prepaid Rent: $9,000
Date: September 30
Rent Expense: $9,000
Prepaid Rent: $9,000
The financial statement effect of these transactions would be a decrease in Prepaid Rent and an increase in Rent Expense on the income statement. On the balance sheet, there would be a decrease in Prepaid Rent and an increase in Rent Expense, resulting in a decrease in assets and an increase in expenses.
If I were supervising the bookkeeper, I would suggest that the July 1 payment be initially recorded as prepaid rent, since the payment is made in advance for the upcoming months. This would align with the accrual accounting principle of recognizing expenses when they are incurred.
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