Solomon's mines were not filled with gold - they were large copper smelters, which Gluck claimed were the true source of Solomon's wealth.
King Solomon's Mines (1885) is a popular novel by the English Victorian adventure writer and fabrist H. Ryder his Lord Haggard. It tells of a search by a group of adventurers led by Alan Quarte main in an unknown region of Africa for the missing brother of one of his fellow travelers. One of his first British adventure novels set in Africa, it is considered the origin of a lost genre of world literature.
The book was first published in September 1885 and was met with considerable fanfare when it was announced on billboards and posters all over London as "the most amazing book ever told". It became an instant bestseller. By the late 19th century, explorers around the world were discovering ancient civilizations and their remains, such as the Valley of the Kings in Egypt and the Assyrian Empire. Inland Africa remained largely unexplored, and his King Solomon's Mines, one of the first African adventure novels published in English, captured the public imagination.
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Even Better Products has come out with a new and improved product. As a result, the firm projects an ROE of 20%, and it will maintain a plowback ratio of 0.30. Its projected earnings are $2 per share. Investors expect a 14% rate of return on the stock.
a.
At what price and P/E ratio would you expect the firm to sell? (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Price $
P/E ratio
b.
What is the present value of growth opportunities? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
PVGO $
c.
What would be the P/E ratio and the present value of growth opportunities if the firm planned to reinvest only 20% of its earnings? (Do not round intermediate calculations. Round your answers to 2 decimal places.)
P/E ratio
PVGO $
Answer and Explanation:
The computation is shown below:
a. The price and P/E ratio is
Price = Current year dividend ÷ (Required rate of return - growth rate)
where,
Growth rate is
= ROE × plowback ratio
= 20% × 0.30
= 6%
And, the current year dividend is ×
= $2 × (1 - 0.30)
= $1.4
So, the price is
= $1.4 ÷ (0.14 - 0.06)
= $17.50
Now the P/E ratio is
= $17.50 ÷ 2
= 8.75
b) For the present value of growth opportunities, the formula and the computation is
= Price of the stock - earnings ÷ required rate of return
= $17.50 - $2 ÷ 0.14
= 3.21
c) The P/E ratio and the present value of growth opportunities is
But before that we need to find out the price which is
Price = Current year dividend ÷ (Required rate of return - growth rate)
where,
Growth rate is
= ROE × plowback ratio
= 20% × 0.20
= 4%
And, the current year dividend is
= $2 × (1 - 0.20)
= $1.6
So, the price is
= $1.6 ÷ (0.14 - 0.04)
= $16
Now the P/E ratio is
= $16 ÷ 2
= 8
And, the growth opportunities is
= Price of the stock - earnings ÷ required rate of return
= $16 - $2 ÷ 0.14
= 1.72
J. Jackson invested $1,000 in his business in exchange for common stock. Show how to use T-accounts to record this transaction by selecting the correct answer below. Multiple choice question. Debit Investments; credit Cash. Debit Cash; credit Revenue. Credit Cash; debit Common stock Debit Cash; credit Common stock
Based on the information given the transaction will be recorded T-accounts as: Debit Cash; credit Common stock.
T-accounts:
Since $1,000 was invested in the business in exchange for common stock which means that we are going to debit cash with the amount of $1,000 and credit common stock with the amount of $1,000.
Hence, the T-account will show:
Debit Cash $1,000
Credit Common stock $1,000
Inconclusion the transaction will be recorded T-accounts as: Debit Cash; credit Common stock.
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A corporation distributes a 10 percent common stock dividend on 30,000 shares issued when the market value of it's common stock is $24 per share and its par value is $2 per share. On the distribution date, a credit _ would be journalized
Answer:6,000
Explanation:
I just took the test
in what manner does depreciation expense affect investment projects?
Depreciation expense affects investment projects by "influencing cash flow, profitability, and capital budgeting decisions".
The depreciation expense reduces taxable income, leading to lower tax liabilities and increased cash flow available for investment.
The impact on profitability and return on investment depends on the extent of depreciation deductions.
The depreciation is considered a cost of doing business and affects capital budgeting by allocating the cost of an asset over its useful life. It also influences asset valuation and replacement decisions, as it reflects the decline in value over time.
And, also depreciation helps businesses assess the financial viability, cost recovery, and long-term sustainability of investment projects.
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depreciation expense affects investment projects by reducing taxable income, providing tax benefits, and impacting the financial statements. It is important to consider these effects when evaluating the profitability and viability of an investment project.
depreciation expense plays a significant role in the evaluation of investment projects. Let's explore the various ways in which it affects these projects:
tax benefits: Depreciation expense reduces the taxable income of an investment project. By deducting the depreciation expense from the revenues generated by the project, the taxable income is lowered. This, in turn, leads to lower tax liabilities for the project. The tax benefits of depreciation can increase the cash flows associated with the project, making it more attractive for investors.financial statements: Depreciation expense affects the financial statements of an investment project. It is recorded as an expense on the income statement, reducing the reported profit. This reduction in profit reflects the decrease in the value of the asset over time. Additionally, depreciation expense also reduces the value of the asset on the balance sheet, reflecting its decreasing worth.Investment Decision-making: Understanding the impact of depreciation expense is crucial for making informed investment decisions. Investors need to consider the tax benefits and the effect on financial statements when evaluating the profitability and viability of an investment project.Learn more:About depreciation expense here:
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In order to effectively use price competition as a sustainable competitive advantage, a firm must have _____. Group of answer choices
Answer:
the lowest cost
Explanation:
the lowest cost
the lowest cost Is correct answer
(Hope this helps can I pls have brainlist (crown)☺️)
Identify and explain one advantage and one disadvantage of leasing all the equipment used in the business.
Answer:
Advantage Is You Save Money, Disadvantage Is The Way That There's Not Enough Or Its Not Good Enough
Explanation:
Basically Yea
Lexi transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $27,500
On November 1, 2019, Lexi Martin established an interior decorating business, Heritage Designs.
To begin the business, Lexi transferred $50,000 in cash from her personal bank account to a new account established for the business in exchange for common stock.
This transaction would be recorded in the accounting records of Heritage Designs as a capital contribution. Specifically, the $50,000 cash received would be debited to the Cash account, while the Common Stock account would be credited for the same amount. This transaction would increase both the assets and equity of the business by $50,000.
It's important for Lexi to establish separate accounts for the business to keep her personal finances separate from the finances of the business. This will help her keep accurate financial records, and ensure that she can track the performance of the business and make informed decisions about its future.
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The complete question is
On November 1, 2019, Lexi Martin established an interior decorating business, Heritage Designs. During the month, Lexi completed the following transactions related to the business:
Nov.1 Lexi transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $50,000.
The current war in Ukraine has led to a curtailing of purchases of Russian oil and gas within the European Union (EU) as a matter of policy of which the EU member states are heavily dependent on for their economies and for day-to-day living. You are an economist, and part of an inter-disciplinary team set-up within the purview of the office of the Dutch Prime Ministership. Thus, your focus should be on the situation as it impacts on the Netherlands only.
Question (i) As a policy, what are the impacts of imposing price control on oil and gas in the Netherlands?
(ii) How does the price control policy affect consumer surplus?
(iii) How does the price control policy affect producer surplus?
(iiii) How does the price control policy affect the efficiency and consumption of oil and gas?
(iiiii) Will the policy help in making oil and gas cheaper and more accessible to Dutch consumers?
The price control policy effect in the Netherlands include:
Reduced supplyIncreased demandInefficiencyHow does the price control policy affect consumer surplus and producer surplus?The implementation of price control policies has a positive impact on consumer surplus as it enhances its magnitude. When price controls are enforced, setting the price below the equilibrium level determined by the market, consumer surplus experiences an augmentation. This occurs as consumers are enabled to procure the desired goods at a reduced price compared to what they would have paid under normal circumstances.
The implementation of price control policies exerts a negative influence on producer surplus as it diminishes its extent. When price controls are imposed, setting the price below the market equilibrium price, producer surplus experiences a decline. This occurs as producers are compelled to sell the goods at a lower price compared to what they would have received under normal market conditions.
The price control policy has an impact on the efficiency and consumption of oil and gas in the Netherlands, resulting in a reduction in both aspects. This is attributed to the price control policy creating a scarcity of oil and gas, leading to escalated prices and decreased consumption.
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The price control policy effect in the Netherlands include: Reduced supply, Increased demand, Inefficiency
The implementation of price control policies has a positive impact on consumer surplus as it enhances its magnitude. When price controls are enforced, setting the price below the equilibrium level determined by the market, consumer surplus experiences an augmentation. This occurs as consumers are enabled to procure the desired goods at a reduced price compared to what they would have paid under normal circumstances.
The implementation of price control policies exerts a negative influence on producer surplus as it diminishes its extent. When price controls are imposed, setting the price below the market equilibrium price, producer surplus experiences a decline. This occurs as producers are compelled to sell the goods at a lower price compared to what they would have received under normal market conditions.
The price control policy has an impact on the efficiency and consumption of oil and gas in the Netherlands, resulting in a reduction in both aspects. This is attributed to the price control policy creating a scarcity of oil and gas, leading to escalated prices and decreased consumption.
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Tax pyramiding . . .A) occurs when the sales tax is imposed on inputs to business and the tax is then embedded in the final price of the business's product.B) occurs under a value-added tax.C) results in an efficient sales tax structure.D) results in a neutral sales tax structure.E) All of the above.F) None of the above.
E) All of the above. Tax pyramiding occurs when the sales tax is imposed on inputs to a business and the tax is then embedded in the final price of the business's product. This typically occurs under a value-added tax system. Tax pyramiding can result in an inefficient sales tax structure and can also create a bias towards certain industries or production methods. A neutral and efficient sales tax structure would avoid tax pyramid.
Tax pyramiding:
A) occurs when the sales tax is imposed on inputs to a business and the tax is then embedded in the final price of the business's product.
This means that tax pyramiding happens when a sales tax is applied at multiple stages of production, causing the tax burden to accumulate and be passed on to the final consumer. This can lead to higher prices for consumers and potential inefficiencies in the market. The correct answer to your question is A.
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Choose a company you frequently buy from.
For example: Nike, McDonald's, Wawa
Now, identify that company's target market and marketing mix.
Most new jobs in the United States will be in the a manufacturing industries:
b. goods-producing industries
C. service-producing industries
d. agriculture-producing industries
Please select the best answer from the choices provided
Α
B
С
D
Answer:
d agriculture-producing industries
Most new jobs in the United States will be in manufacturing industries service producing industries. The correct option is c.
In the United States, manufacturing is an important economic sector. The United States is the world's third-biggest manufacturer (after the People's Republic of Chine and the European Union), with a record high real output of $2.00 trillion (adjusted for inflation in 2009 dollars) in Q1 2018, significantly above the $1.95 trillion peak before the Great Recession in 2007.The manufacturing industry in the United States employed 12.35 million people on December 2016 versus 12.56 million in December 2017, a 1.7% rise.
Manufacturing, while still a significant portion of the US economy, contributed less to GDP in Q1 2018 than the 'Finance, insurance, real estate, rental, other leasing' sector, the 'Government' sector, or the 'Professional and business services' sector.
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A freelancer’s pay may vary from year to year.
True
False
Answer:
True, it can be the same
Which agency is a division of the US Department of Labor quizlet?
Various labor laws and work place regulations are to be enforced by the Occupational Safety and Health Administration (OSHA), an organization that was established by legislation. The executive branch's Department of Labor includes OSHA, which deals with everything from dangerous chemicals to defective machinery.
What is found at work?
People undertake duties, jobs, and projects for their employer in a workplace, often known as their place of employment. The types of workplaces vary by industry and may be found inside or outside of a structure. Mobile workplaces are possible, and some employees might work in several locations on different days. Every SAP user can complete their portion of the enterprise's business and communication operations in the Business Workplace, which offers a uniform working environment.
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Calculate the GDP using the table and choose the correct answer.
A) $602
B) $584
C) 298
what is research analysis
Research analysis is the process of interpreting data that has been collected through research methods. It involves analyzing, interpreting, and evaluating the results of a research study to draw conclusions or develop insights.
Research analysis can be conducted using various methods such as qualitative and quantitative analysis. Qualitative analysis involves examining non-numerical data such as interviews, observations, and text, while quantitative analysis involves analyzing numerical data using statistical techniques. Both methods can provide valuable insights into a research question, and the choice of method depends on the research question, research design, and data collected.
Research analysis involves several steps such as cleaning and organizing data, identifying patterns, trends, and relationships within the data, and interpreting and drawing conclusions based on the data. It also involves identifying potential biases or limitations in the data and addressing them appropriately. In summary, research analysis is a critical component of the research process as it helps researchers to make sense of their data and draw meaningful conclusions from their findings.
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As an advertising manager of a company, you have been asked to write a proposal stating why the company should advertise and it's benefits to the company
Answer: Advertising helps expand the market of the company to have more people to know about the product
Explanation:
Proposal for advertising; My firm, xyz cooperation would love to handle the publicizing aspect of your product while you go ahead your business. We have been into these business for about 20years, so we understand the challenges that comes with the business and how they are tackled. We are creative and emerging with our services, as we offer them with reasonable and affordable prices, do read through our profile as we look forward working with you
Benefits;
1) We expand your market when we advertise for you
2) We brand your firm with a new look and make consumers get attracted
3) We offer a discount of 15% for new firms and subsequently 5% for consistent customers.
whenever dac opens a new sales office in another country, it transfers a manager from headquarters to head up the new office, believing that foreign managers lack the expertise and skills to make the best decisions for the operation. this reflects ________.
Without the knowledge and abilities to decide best for the operation, this shows an ethnocentric mindset.
By an ethnocentric mentality, what do you mean?A fundamental attitude known as ethnocentrism expresses the conviction that a particular ethnic group or culture is better to that of other ethnicities or civilizations, and that ones personal cultural norms may be universally applied.Consider the utensils that various civilizations favor as a common illustration of ethnocentrism. Some cultures think it is strange or wrong that some cultures customarily use chopsticks to eat, preferring instead for using forks, spoons, and knives.
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Lisa Richter made a one time deposit of $5,000 at 4% compounded semiannually for 5 years. What would her balance be at the end of five years assuming she is still earning 4% compounded semiannually
Lisa Richter made a one-time deposit of $5,000 at 4% compounded semiannually for 5 years. Lisa's balance at the end of five years assuming she is still earning 4% compounded semiannually would be $6,107.00.
To calculate Lisa Richter's balance at the end of five years, we need to use the formula for compound interest:
\(A = P(1 + r/n)^{(nt)}\)
Where:
A = the ending balance
P = the initial deposit
r = the interest rate
n = the number of times the interest is compounded per year
t = the number of years
In this case, Lisa made a one-time deposit of $5,000, and the interest rate is 4% compounded semiannually, which means n = 2. Therefore, we have:
\(A = 5000(1 + 0.04/2)^{(2\times5)}\)
\(A = 5000(1.02)^{10}\)
A = 5000(1.2214)
A = $6,107.00
Therefore, Lisa's balance at the end of five years assuming she is still earning 4% compounded semiannually would be $6,107.00.
In summary, to calculate the ending balance for Lisa Richter's one-time deposit of $5,000 at 4% compounded semiannually for 5 years, we use the formula for compound interest. The resulting balance at the end of five years is $6,107.00.
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Using the spell-checker feature of a word-processing program, you can be confident that it will find all of the errors. O True O False
Answer:
Theirs a chance that it will. But puncuation Im not sure
Explanation:
Answer:
Answer: False
Explanation:
Edge 2020
Why is it called Chick-Fil-A when a Fil-A (filet) is normally cooked with beef???
Select the best alternative for the following questions:
i. Which of the following transactions are not recorded in book keeping?
a) Sold Goods on Credit.
b)
Introduce capital in the business.
c) Resignation of marketing manager.
d) Drawing cash from business for personal use.
..
Answer:
c. the resignation
Explanation:
this would not affect the bottom line of the company and is therefore irrelevant
what is a milestone?
A milestone is a significant event or achievement in a particular development, project, or field that marks a notable progress or change. It serves as a benchmark, indicating that certain objectives have been met and that the next stages of progress can commence.
For example, in the field of technology, reaching a certain level of computing power can be considered a milestone, or in history, a country gaining independence can be considered a milestone in its political development.
In personal development, reaching a certain age or completing a specific education can also be considered milestones. Achieving a personal goal, such as running a marathon, can also be considered a milestone in one's physical and mental progress.
It is important to recognize milestones because they give us a sense of accomplishment and help us reflect on our progress. They can also provide us with motivation and inspiration to continue working towards our future goals.
Milestones can be small or large, and can happen at any stage of life or development. Regardless of their size, milestones are important markers of growth and should be celebrated and acknowledged.
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please help with this question :0
Answer:
darling, soes it have a read?
Explanation:
traditional kitchen created.when a special was absent, it was a problem. how does a morden kitchen use cross training to solve that problem?
Answer: In a modern kitchen, cross-training is a common solution to address the problem of staff shortage or absence.
Explanation: In a modern kitchen, cross-training is a common solution to address the problem of staff shortage or absence. Cross-training involves training staff members to be proficient in multiple roles within the kitchen. This allows for more flexibility in scheduling and ensures that the kitchen can continue to operate efficiently even when a key staff member is absent.
For example, if a chef is absent, a line cook who has been cross-trained can step up and take over the chef's responsibilities. Similarly, if a dishwasher is absent, a prep cook who has been cross-trained can take over the dishwashing duties. This helps to ensure that the kitchen runs smoothly and that service is not disrupted.
Cross-training also has other benefits for the kitchen. It can increase employee morale by giving staff members the opportunity to learn new skills and take on new challenges. It can also help to create a more cohesive team by breaking down barriers between different roles within the kitchen.
Overall, cross-training is a valuable tool for modern kitchens to address the problem of staff shortages or absences, and it can lead to a more efficient and productive kitchen environment.
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A financial institution that accepts deposits makes loans and provides other services as a nonprofit organization is called a:
A. Credit Union
B. Retail Bank
C. Title Pawn Lender
D. Payday Lender
Credit Unions are nonprofit financial institutions that accept deposits, provide loans, and offer other services. As a result, choice (A) is right.
What is meant by a nonprofit organization?A nonprofit organization (NPO) or non-profit organization is a legal entity organized and operated for a collective, public, or social benefit, as opposed to an entity that operates as a business with the goal of making a profit for its owners. It is also referred to as a non-business entity,[1] or nonprofit institution,
The non-distribution constraint applies to nonprofit organizations, which means that any surplus funds must be used to further their mission rather than being distributed to other parties.
A wide range of organizations, including certain political organizations, schools, business organisations, churches, social clubs, and consumer cooperatives, are nonprofit. Governments may grant tax-exempt status to nonprofit organizations, and some may be eligible for tax-deductible donations. However, an organization can establish as a nonprofit organization without obtaining tax-exempt status.
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Competence is staying true to commitments to stakeholders.a. Trueb. False
The given statement" Competence is staying true to commitments to stakeholders," is a. True because meaning that an individual or group is meeting the expectations of those stakeholders in terms of quality and speed of service, reliability of products or services, and other factors.
Stakeholders are those who are directly or indirectly affected by the actions of an individual or organization and include customers, employees, suppliers, shareholders, and the community. Staying true to these commitments means that organizations fulfill their promises, honor deadlines, and deliver results that meet the standards they have set. This can help to build trust and relationships with stakeholders, which are key to long-term success.
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Under the LIFO retail method, we determine that:__________.
a) a new layer of inventory has been added during the period if the ending inventory at retail is greater than the beginning inventory at cost.
b) the ending inventory at retail is greater than the beginning inventory at retail.
c) the ending inventory at retail is less than the beginning inventory at retail.
Answer: the ending inventory at retail is greater than the beginning inventory at retail
Explanation:
In the Last-In-First-Out(LIFO) method, it is assumed that the units that are sold are the ones that were recently bought.
Under the LIFO retail method, to determine a new layer at retail, the beginning inventory at the retail will have to be deducted from the ending inventory at retail.
This means that a new layer of inventory will be added when the ending inventory at retail is greater than the beginning inventory at retail.
Which presentation method combines the component unit's results into the primary government's financial results?
Discrete presentation merges the component unit's financial performance with those of the primary government financial results.
Financial data from the components unit are given in one or more columns separately from the financial data from the major government in a discrete presentation. Major component unit supporting information must be included in the reporting entity's basic financial statements as part of this presentation method.
This can be done in one of three ways:
(a) by separating each major component unit into its own column in the statements of net position and activities.
(b) by combining major component unit statements with the fund financial statements, or
(c) by presenting condensed financial statements.
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Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called Group of answer choices auditing. economics. finance. accounting.
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.
Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.
While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.
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Which education and qualifications are most helpful for Maintenance, Installation, and Repair careers? Check all that apply. apprenticeships knowledge of engines and machinery leadership physical strength persistence bachelor's degree
Answer:
1, 2, 4, 5
Explanation:
ty answer above meeeeee
The education and qualifications that are most helpful for Maintenance, Installation, and Repair careers are apprenticeships, knowledge of engines and machinery, physical strength, and persistence Thus, options 1st, 2nd, 4th, and 5th are correct.
What is a repair career?Repair specialists offer upkeep and maintenance services for computers, appliances, computers, machinery, and other systems and equipment. These services may be carried out in the shop or on-site at the client's place of business or house, depending on the type of item that needs repair.
The following degrees and credentials are most beneficial for employment in maintenance, installation, and repair apprenticeships; expertise with machines and engines; physical stamina; persistence.
The individual in question must have had some on-the-job training. Also, the worker has to be physically fit since they may need to move some big machines. Hence, options 1st, 2nd, 4th, and fifth are correct.
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