Isaiah is a Financial Quantitative Analyst for a major stock investment company. He assesses financial situations using mathematical models. Therefore Option B is correct.
What is a Financial Quantitative Analyst?A quantitative analyst, also known as a "quant," is a professional who uses statistical and mathematical techniques to solve financial and risk management issues. In order for businesses to make financial and business decisions on things like investments, pricing, and other things, they create and implement complicated models.
An expert in financial quantitative analysis advises organizations and people who are making investment decisions. In order to locate profitable investments for their clients, they examine and assess available investment alternatives.
To create trading algorithms and computer models, financial quantitative analysts process a wide range of data. They just use numbers to determine their investments.
Hence, He assesses financial situations using mathematical models.
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Suppose Alex and Becky are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix that follows shows the payoff each person will earn as a function of both of their choices. For example, the lower-right cell shows that if Alex chooses Right and Becky chooses Right, Alex will receive a payoff of 5 and Becky will receive a payoff of 5.
Becky
Left Right
Alex Left 6, 6 6, 3
Right 4, 3 5, 5
The only dominant strategy in this game is for___ to choose_____ .
The outcome reflecting the unique Nash equilibrium in this game is as follows:
Alex chooses______ and Becky chooses_______ .
Answer:
The only dominant strategy in this game is for__Alex_ to choose__Right___ .
The outcome reflecting the unique Nash equilibrium in this game is as follows:
Alex chooses__Right____ and Becky chooses__Left_____ .
Explanation:
The game theory of the Nash equilibrium achieves the optimal outcome of a game because Alex and Becky are not incentivized to deviate from their chosen strategies after considering the opponent's choice. Neither of these two players can increase their payoff by choosing an action different from their current strategic action. Thus, this action profile achieves a Nash equilibrium for the two players because there exists randomization in the game.
Journalize the following transactions of Trapper Jon’s Productions. Assume 360 days in a year. If an amount box does not require an entry, leave it blank.
June 23 Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account.
Sept. 21 The note is dishonored by Radon Express Co.
Oct. 21 Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Radon Express Co. on September 21.
Answer:
June 23 Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account.
Sept. 21 The note is dishonored by Radon Express Co.
Oct. 21 Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Radon Express Co. on September 21.
Explanation:
Sharon made a $160,000 interest-free loan to her son, Todd, who used the money to pay for his masters at Baruch. Todd’s only sources of income were $25,000 from a florist business he runs part time and $490 of interest on his checking account. The relevant Federal interest rate was 5%. Based on the above information:_____
a. Todd's business net profit will be reducod by $3,000 (0S x $60,000) of interest expense.
b. Sharon must recognize $3,000 (0.05 x $60,000) of imputed interest income on the below- market loan.
c. Todd's gross income must be increased by the $3,000 (05 × $60.000) imputed interest income on the below market loan.
d. Sharon does not recognize any imputed interest income and Todd does not recognize any imputed interest expense.
e. None of the above is correet.
Answer:
b. Sharon must recognize $3,000 (0.05 x $60,000) of imputed interest income on the below- market loan.
Explanation:
When a family member makes an interest free loan, the IRS will calculate imputed interest, and that is generally considered a gift. When someone makes a gift, they are responsible for paying any applicable taxes.
In this case, Sharon will have to pay gift taxed for the imputed interest resulting form the loan.
Multiple Choice Question 74 Crane Company prepared a fixed budget of 40000 direct labor hours, with estimated overhead costs of $200000 for variable overhead and $90000 for fixed overhead. Crane then prepared a flexible budget at 37000 labor hours. How much is total overhead costs at this level of activity
Answer:
$275,000
Explanation:
Please refer to the below for the computation of the total overhead cost
= Variable overhead cost + Fixed overhead cost
Where,
Variable overhead costs
= (Total estimated overhead cost ÷ Fixed direct labor hours) × Flexible budget labor hours
= ($200,000 ÷ 40,000) × 37,000
= $185,000
Recall that the fixed overhead cost is $90,000
Therefore,
Total overhead cost = $185,000 + $90,000
Total overhead cost = $275,000
In order to make sure that employees do not misuse equipment in a way that could harm personnel, assets, or the organization's legal standing, organizations will create ______________ Use Policies to govern employee behavior.
Answer:
Acceptable
Explanation:
The acceptable use policy is also known as fair use policy or the acceptable usage policy. It is a document or set of rules that is applied by the owner or by the management of nay organization or company that restricts and prevents the use of many equipment and other tools and machinery which could harm other coworker, other assets of the company or the legal standing of the company. It limits or restricts the usage of certain equipment and provides guidelines on how the equipment should be used and when to use.
A portfolio's beta is... Group of answer choices the weighted average of the individual stocks' betas, where the weights are determined by the market capitalizations of each stock. is close to zero if the portfolio is large. the same as the highest beta of all the stocks in the portfolio. the square root of the weighted average of the squares of the individual stocks' betas.
Answer:
a. the weighted average of the individual stocks beta, where the weights are determined by the market capitalization of each stock.
Explanation:
A portfolio betas is the weighted average of the individual stocks beta, where the weights are determined by the market capitalization of each stock. A portfolio betas is also known as weighted betas. Beta of the portfolio represent both the betas of the individual assets in the portfolio and their respective market value weights.
Which of the following is a characteristic of a task-oriented leader? staying accountable for assigning work ensuring everyone receives the work they are most comfortable doing focusing on employee motivation collaborating with employees on goal setting
Answer: staying accountable for assigning work
Explanation:
Task-oriented leaders are the kind of leaders that their main focus is on how a particular goal would be achieved or how a work would be completed.
These kind of leaders are motivated to complete a job and use the best resources that are available to achieve their goal. Such leaders are accountable for the work assigned.
Mo Meek, Lu Ling, and Barb Beck formed the MLB Partnership by making capital contributions of $79,200, $308,000, and $492,800, respectively. They predict annual partnership net income of $519,000 and are considering the following alternative plans of sharing income and loss: (a) equally; (b) in the ratio of their initial capital investments; or (c) salary allowances of $85,200 to Mo, $63,900 to Lu, and $96,500 to Barb; interest allowances of 10% on their initial capital investments; and the balance shared as follows: 20% to Mo, 40% to Lu, and 40% to Barb. Required:Use the table to show how to distribute net income of $519,000 for the calendar year under each of the alternative plans being considered. Income(Loss) Sharing PlanPlan (a) Mo Lu Barb Total $519,000Balance allocated equity 1/3 $173,000 1/3 519.000 1/3 173.000 519,000 Balance of income(loss) $0Shares to the partners $173,000 173 000 173000 519,000 Plan (b) Mo Lu Barb TotalNet Income (loss) $519,000Balance allocated in proportion to initial investments 1/2 $46,710 1/2 181,650 1/2 $290,640 $519,000Balance of income (loss) Shares to the partners 1/2 $46,710 1/2 181,650 1/2 $290,640 $519,000
Answer:
which subject questions
A financial analyst discovers that Stark Industries has been inappropriately capitalising R&D costs in each year and amortizing them completely over a three-year period on a straight-line basis, beginning in the year after the cost was incurred. A total of $24m, $30m and $36m was inappropriately capitalised for fiscal years 2017, 2018 and 2019, respectively. At the financial year end of 30 June 2019, it had total assets of $280m. Net income was $20m for fiscal 2019. Ignore tax effects for this question.
Required:
a. Compute the amount of total asset and expense misstatement (over or understatement) in each period and provide your answer in the boxes provided below. Show all workings in the spaces provided.
b. Which other account(s), if any, will be mis-stated as a result of the above accounting treatment at the end of fiscal 2019?
c. Prepare the journal entries for correcting the misstatements that arise from the inappropriate capitalisation of R&D at the end of fiscal 2019. Note: Extra space for the journal entries has been provided below
Answer:
a. Amount of total asset overstatement and expense understatement:
Total Asset and Expense Misstatements:
Assets Expenses
Overstatement Understatement
2017 $24m ($24m -$0) $24m
2018 $46m (24 -8 + 30)m $22m ($30m- $8m)
2019 $64m (46 -18 + 36)m $18m ($36m - $18m)
b. The Retained Earnings account will be misstated as a result of the above accounting treatment at the end of fiscal 2019.
c. Journal Entries:
June 30, 2019:
Debit R&D expense $82m
Credit Total assets $64m
Credit Amortization Expense $18m
To correct the R&D amortization and inappropriate capitalization.
Explanation:
a) Data and Calculations:
Amortization R&D Amount
Expense Costs Capitalized
2017 $0 $24m $24m ($24m - $0)
2018 $8m $30m $46m ($24m - $8m + $30m)
2019 $18m $36m $64m ($46m - $18m + $36m)
Calculation of amortization expenses:
2017 R&D costs = $24m/3 = $8m
2018 R&D costs = $30m/3 = $10m
2019 R&D costs = $36m/3 =$12m
30 June 2019:
Total assets = $280m
Net income = $20m
34. Universal Containers has made a decision to switch monthly sales performance reviews to quarterly sales reviews. Which feature of Collaborative Forecasts allows a System Administrator to ensure that Salesforce Collaborative Forecasting matches the company's new quarterly sales performance review?
Answer: Configure Forecast Types
Explanation:
The options include:
a)Enable Forecast Rollups
b)Configure Default Forecast Display
c)Enable Forecast Adjustments
d) Configure Forecast Types
A forecast type is a forecast which is configured in such a way that a particular type of data would be used such as overlay splits, product families, standard opportunity fields, opportunity splits, etc.
The revenue, measurement or quantity is being specified for every forecast. Therefore, a feature of Collaborative Forecasts allows a System Administrator to ensure that Salesforce Collaborative Forecasting matches the company's new quarterly sales performance review is called Configure Forecast Type.
Complete the sentence about course credit.
Amy is enrolled at the state university as well as at her high school, and she takes classes at both. She’ll get
for her courses, which will count as both high school and college classes.
Answer:
Articulated credit
Explanation:
Answer: concurrent enrollment
Explanation:
Because the efficiency wage is _____ the equilibrium wage, it may lead to a _____ of labor. below; surplus above; shortage below; shortage above; surplus
Answer: above; surplus
Explanation:
Because the efficiency wage is above the equilibrium wage, it may lead to a supply of labor.
Since the efficiency wage as given in th question is more than the equilibrium wages, this will lead to a surplus of labor as there will be more people that are willing to work due to the increase in wages. This will turn lead to increase in supply and this will lead to surplus of labor as supply is more than demand.
SartainC orporation is planning its annual budget and has the following beginning and ending inventory levels planned for the year.
Beginning Inventory Ending Inventory
Finished goods (units) 22,000 32,000
Raw material (grams) 52,000 42,000
Each unit of finished goods requires 3 grams of raw material. The company plans to sell 170,000 units during the year. How much of the raw material should the company purchase during the year?
a. 552,000 grams
b. 540,000 grams
c. 530,000 grams
d. 582,000 grams
Answer: c. 530,000 grams
Explanation:
Finished goods that should be produced in the year;
= Units to be sold + ending inventory - beginning inventory
= 170,000 + 32,000 - 22,000
= 180,000 units of finished goods.
Each unit of finished good requires 3 grams of raw material;
= 180,000 * 3
= 540,000 grams
Raw materials to be purchased;
= Raw materials needed + ending inventory - beginning inventory
= 540,000 + 42,000 - 52,000
= 530,000 grams
Explain what is meant by the phrase “ethical behavior”.
Answer:
Something is ethical if it does not cause harm and society considers it to be good.
Explanation:
Bob's new startup goes public and sells shares of future profits. Bob's startup is best described as a
Answer: borrower or as a demander of funds
Explanation:
Bob new startup goes public and sells shares of future profits. Bob startup is best described as a borrower or as a demander of funds.
This will be considered to be a borrower or a demander of bonds due to the fact that future profits are being provided to shareholders as shares.
The Blooming Flower Co. has earnings of $1.43 per share. a. If the benchmark PE for the company is 12, how much will you pay for the stock
Answer: One can pay $17.16 for stock
Explanation:
Stock price is referred to as The current market price which is the amount one can buy a share in a company. The P/E ratio gives investors the idea of what to expect in the current price at market level and amount to pay for current earnings per share.
PE (Price Earning ratio ) = Share Price/Stock Price per share / Earnings per Share
Therefore Price of Share = Earnings per Share x PE (Price Earning ratio )
= $1.43 x 12
$17.16
The variance that measures the amount of variable overhead that should have been saved (or incurred) because of the efficient (or inefficient) use of the measurement base is the
Answer: A)Variable overhead spending variance
Explanation:
The Variable Overhead spending variance shows the difference between the amount that was spent and the amount that should have been spent on a variable overhead.
In so doing it shows the variable overhead that should have been saved (incurred) due to efficient (inefficient) use of resources because a favorable (unfavorable) variance would mean that the company outperformed (underperformed) their estimates by being more efficient (inefficient).
Luke is an ordained minister. Luke's salary from his employing church last year was $31,000. The church did not designate any of his salary as housing allowance. Luke spent $10,000 to rent his home last year. How much of Luke's salary must be included when figuring net income for self-employment tax
Answer
$31,000
Explanation:
(c) $31,000
Explanation:
As per IRS for Earnings of Clergy, A licensed, commissioned, or ordained minister who performs ministerial services as an employee may be able to exclude from gross income the fair rental value of a home provided as part of compensation (a parsonage) or a housing allowance provided as compensation if it is used to rent or otherwise provide a home. In order to be able to exclude the housing allowance from income, the minister's employing organization must officially designate the housing allowance as such before paying it to the minister.The fair rental value of a parsonage or the housing allowance is excludable only for income tax purposes, and not for Self-employment tax purpose.
In the given case, the church did not designate any of Luke's salaries as a housing allowance. Hence it is not deductible from Gross Income for Income Tax Purposes and irrespective of designation or not, it is not deductible for self-employment tax.
Thus, Full salary of Luke i.e $31,000 must be included when figuring net income for self-employment tax.
$31,000 of Luke's salary must be included when figuring net income for self-employment tax.
What do you mean by Allowance?Allowance is the quantity of something that is authorized, particularly within a set of rules or for a specific purpose.
A licensed, commissioned, or ordained minister may be able to exclude from gross income the fair rental value of a home provided as part of compensation (a parsonage) or a housing allowance provided as compensation if it is used to rent or otherwise provide a home, according to IRS for Earnings of Clergy. Before distributing the housing allowance to the minister, the minister's employing organization must formally designate the housing allowance as an exclusion from income. Only for income taxes, not for self-employment taxes, is the fair rental value of a parsonage or the housing allowance excludable.
The church did not designate any of Luke's wages in the specific instance as a housing allowance. For income tax purposes, it cannot be deducted from gross income, and regardless of designation, it cannot be deducted from self-employment tax.
Therefore, when calculating net income for self-employment tax, Luke's full salary of $31,000 must be taken into account.
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If a business has a surplus of goods, what is something they can do to raise demand?
Answer:
They can lower the price.
Explanation:
When goods are more cheaper, more people will want to buy their products. Or they could just sabotage the entire market (just kidding) Brainliest maybe?
The process by which management allocates available investment funds among competing investment proposals is called
Answer: capital rationing
Explanation:
Capital rationing is the process by which management allocates available investment funds among competing investment proposals.
Capital rationing is a strategy that is used by a company so that such company can limit the number of projects that it can do at a particular time.
On April 15, 2019, Powell Inc. obtained a six-month working capital loan from its bank. The face amount of the note signed by the treasurer was $335,000. The interest rate charged by the bank was 7.00%. The bank made the loan on a discount basis. b. Calculate the amount of interest expense applicable to this loan during the fiscal year ended June 30, 2019.
Answer:
Missing question "a. Calculate the loan proceeds made available to Powell.
a. Loan proceeds made available = Loan amount - (Loan amount*Interest rate*6/12)
Loan proceeds made available = $335,000 - ($335,000 * 7.00% * 6/12)
Loan proceeds made available = $335,000 - $ 11,725
Loan proceeds made available = $323,275
b. For the fiscal year ended June 30,2019, the interest accrual period applicable is the day between April 15 - June 30 = 76 days
Interest expenses to be amortized = Discount interest * Accrual period / Loan period
Interest expenses to be amortized = ($335,000 * 7.00%) * 76/180
Interest expenses to be amortized = $23,450 * 0.4222
Interest expenses to be amortized = $9,900.59
Shale, a C corporation, made two liquidating distributions of $1,000 on January 9, 2020, and February 13, 2020, to shareholder Patricia. Shale must file Form 1099-DIV, Dividends and Distributions, with the Internal Revenue Service by
Answer:
February 28, 2018.
Explanation:
Shale, a C corporation, made two liquidating distributions of $1,000 on January 9, 2020, and February 13, 2020, to shareholder Patricia. Shale must file Form 1099-DIV, Dividends and Distributions, with the Internal Revenue Service by February 28, 2018.
Roman Knoze is considering two investments. Each will cost $20,000 initially. Project 1 will return annual cash flows of $10,000 in each of three years. Project 2 will return $5,000 in year 1, $10,000 in year 2, and $15,000 in year 3. Roman requires a minimum rate of return of 10%. What is the net present value of Project 2
Answer:
NPV= $4,079.63
Explanation:
Giving the following information:
Initial cost= -$20,000
Rate of return= 10%
To calculate the net present value, we need to use the following formula:
NPV= -Io + ∑[Cf/(1+i)^n]
First, we need to discount the cash flows:
PV= Cfn / (1+i)^n
Cf1= 5,000/1.1= 4,545.45
Cf2= 10,000/1.1^2= 8,264.46
Cf3= 15,000/1.1^3= 11,269.72
Total PV= $24,079.63
Now, the NPV:
NPV= -20,000 + 24,079.63
NPV= $4,079.63
A company bought new heating system for $64,000 and was given a trade-in of $3,400 on an old heating system, so the company paid $60,600 cash with the trade-in. The old system had an original cost of $57,800 and accumulated depreciation of $52,200. If the transaction has commercial substance, the company should record the new heating system at:
Answer:
$64,000
Explanation:
The Cost price of the item Acquired is measured at fair value. When the Fair Value of Both the Asset Acquired and Asset given up can be determined reliably, the fair value of the asset given up will be used. Unless, the fair value of the asset acquired is more evident, that value may be used.
Measurement of New Heating System :
Cash $60,600
Add Trade In Value $3,400
Total $64,000
The theory of constraints is a manufacturing strategy that focuses on reducing the influence of bottlenecks on a process. True False
Answer: True
Explanation:
The theory of constraints (TOC) is a manufacturing strategy that focuses on reducing the influence of bottlenecks on processes involved in production of goods and seevices.
According to the theory if constraint, constraints affects the performance of firms and thus brings about a reduction in capacity and also the production of the product.
Therefore, the answer is true.
DOES ANYONE HAVE A CAMERA?
Answer:
yes, why?
Explanation:
Answer:
indeed i do, i use a photography camera that my father gave me years ago after he retired from national geographic.
Explanation:
Use AutoCorrect options to expand the listed abbreviations, and then rewrite each abbreviation.
Dr.
Mr.
Ave.
On January 1, 2018, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2019. Expenditures on the project were as follows:
January 1, 2018 $334,000
September 1, 2018 $498,000
December 31, 2018 $498,000
March 31, 2019 $498,000
September 30, 2019 $334,000
Dreamworld had $6,600,000 in 12% bonds outstanding through both years. Dreamworld's average accumulated expenditures for 2018 was:________
a. 500,000
b. 668,000
c. 583,500
d. 334,000
Answer:
$500,000
Explanation:
weighted accumulated expenditures:
January 1, 2018 = $334,000 x 12/12 = $334,000
September 1, 2018 = $498,000 x 4/12 = $166,000
December 31, 2018 = $498,000 x 0/12 = $0
total weighted accumulated expenditures = $500,000
Weighted accumulated expenditures are used to calculate capitalized interests, which would equal = $500,000 x 12% = $60,000.
In the Sheridan Company, indirect labor is budgeted for $135000 and factory supervision is budgeted for $36000 at normal capacity of 200000 direct labor hours. If 180000 direct labor hours are worked, flexible budget total for these costs is: $148500. $157500. $153900. $171000.
Answer:
$153,900
Explanation:
With regards to the above, we need to first calculate the overhead per hour
Overhead cost per hour = ($135,000 + $36,000)/200,000 = $0.855
Now, we can calculate the total cost of 180,000 hours
Overhead cost = 180,000 × $0.855
Overhead cost = $153,900
Therefore, flexible budget for these total cost is $153,900
The Treasury bill rate is 3.5%, and the expected return on the market portfolio is 10.4%. Use the capital asset pricing model. a. What is the risk premium on the market?
Answer:
6.9%
Explanation:
Treasury bill rate is 3.5%
Market portfolio is 10.4%
Therefore the risk premium on the market can be calculated as follows
= 10.4%-3.5%
= 6.9%
Hence the risk premium is 6.9%
