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Vilka [71]
3 years ago
11

Assume that the resort town of Ocean View passed a law imposing an extra tax on boardwalk food businesses that used plastic cups

, plates or utensils. Plastic litter costs the town more to dispose of and it wants to pass this cost on to the merchants. Fran Fries, a boardwalk food vendor, claims that the law is denying her equal protection of the law. Which of the following tests will the court apply in deciding this case?a. Is the law rationally related to a legitimate government interest?b. Is the law necessary for a compelling state interest?c. Is the law substantially related to an important government interest?d. Is the law in violation of the dormant commerce clause?
Business
1 answer:
TEA [102]3 years ago
3 0

Answer:

The answer is: A) Is the law rationally related to a legitimate government interest?

Explanation:

A legitimate government interest applies when a government (in this case municipal government) passes a law to protect the health, safety, and economy of it's citizens.

This law will probably be reviewed using a rational basis, which is the least strict type of legal scrutiny.

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The Big Five Factor categories are referred to as _____. CLEAN OCEAN BFIVE BFPTC
pshichka [43]

Answer:

answer is normal

Explanation:

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7 0
2 years ago
Bond J has a coupon of 7.6 percent. Bond K has a coupon of 11.6 percent. Both bonds have 12 years to maturity and have a YTM of
elena55 [62]

Answer:

Bond J has a coupon of 7.6%  

Bond K has a coupon of 11.6%

12 years to maturity and YTM of 8.2%

first we must determine the current market price of both bonds using the yield to maturity formula:

YTM = {C + [(FV - PV) / n]} /  [(FV + PV) / 2]

  • YTM = 8.2%
  • C = coupon payment = $76 and $116
  • FV = face value or value at maturity = $1,000
  • PV = present value or current market value = ???
  • n = 12 years

current market value of Bond J:

0.082 = {76 + [(1,000 - PV) / 12]} /  [(1,000 + PV) / 2]

[(1,000 + PV) / 2]  x 0.082 = 76 + [(1,000 - PV) / 12]

41 + 0.041PV = 76 + 83.33 - 0.083PV

0.124PV = 118.33

PV = 118.33 / 0.124 = $954.27

current market value of Bond K:

41 + 0.041PV = 116 + 83.33 - 0.083PV

0.124PV = 158.33

PV = 158.33 / 0.124 = $1,276.85

a. If interest rates suddenly rise by 2.2 percent, what is the percentage price change of these bonds?

YTM = {C + [(FV - PV) / n]} /  [(FV + PV) / 2]

  • YTM = 8.2% + 2.2% = 10.4%
  • C = coupon payment = $76 and $116
  • FV = face value or value at maturity = $1,000
  • PV = present value or current market value = ???
  • n = 12 years

market value of Bond J:

0.102 = {76 + [(1,000 - PV) / 12]} /  [(1,000 + PV) / 2]

[(1,000 + PV) / 2]  x 0.102 = 76 + [(1,000 - PV) / 12]

102 + 0.051PV = 76 + 83.33 - 0.083PV

0.134PV = 157.33

PV = 57.33 / 0.134 = $427.84

market value of Bond K:

102 + 0.051PV = 116 + 83.33 - 0.083PV

0.134PV = 97.33

PV = 97.33 / 0.134 = $726.34

Bond J's market price will decrease by ($427.84 - $954.27) / $954.27 = -55.17%

Bond K's market price will decrease by ($726.34 - $1,276.85) / $1,276.85 = -43.11%

b. If interest rates suddenly fall by 2.2 percent, what is the percentage price change of these bonds?

YTM = {C + [(FV - PV) / n]} /  [(FV + PV) / 2]

  • YTM = 6%
  • C = coupon payment = $76 and $116
  • FV = face value or value at maturity = $1,000
  • PV = present value or current market value = ???
  • n = 12 years

current market value of Bond J:

0.06 = {76 + [(1,000 - PV) / 12]} /  [(1,000 + PV) / 2]

[(1,000 + PV) / 2]  x 0.06 = 76 + [(1,000 - PV) / 12]

30 + 0.030PV = 76 + 83.33 - 0.083PV

0.113PV = 129.33

PV = 129.33 / 0.113 = $1,144.51

current market value of Bond K:

30 + 0.030PV = 116 + 83.33 - 0.083PV

0.113PV = 169.33

PV = 169.33 / 0.113 = $1,498.50

Bond J's market price will increase by ($1,144.51 - $954.27) / $954.27 = 19.94%

Bond K's market price will increase by ($1,498.50 - $1,276.85) / $1,276.85 = 17.36%

8 0
3 years ago
Younes Inc. manufactures industrial components. One of its products, which is used in the construction of industrial air conditi
sashaice [31]

Answer:

Contribution margin= $169

Explanation:

<u>First, we need to calculate the total unitary variable cost:</u>

total unitary variable cost= direct material + direct labor + variable overhead + variable selling expense

total unitary variable cost= 38 + 1 + 8 + 4

total unitary variable cost= $51

<u>Now, the contribution margin:</u>

Contribution margin= 220 - 51

Contribution margin= $169

8 0
2 years ago
What is a conglomerate? a large corporation that produces and sells its goods and services throughout the world the combination
miskamm [114]

Answer:

A conglomerate is a business combination merging more than three businesses that make unrelated products.

Explanation:

A conglomerate is a group of companies with different activities. This business concept spread to Europe from the United States after World War II. The benefits were considered to increase the company's long-term profitability by spreading risk to various business areas.

However, conglomeration often led to an increase in administrative costs. Furthermore, the conglomerate's management rarely had the competence to handle a number of companies in different industries. The conglomerates that were listed on the stock exchange were regularly valued lower than the total market value of the subsidiaries, indicating that the stock market did not believe in the very idea of ​​creating such corporate groups. The risk diversification that the conglomerate was aiming for could equally well be achieved by the individual investor in his own equity portfolio. Therefore, since the 1970s, many conglomerates have split up, and most companies have instead focused on creating competitive advantages through their core business.

6 0
3 years ago
Read 2 more answers
Operations management personnel perform a variety of functions, including all of the following except ___________________. A. an
CaHeK987 [17]

Answer:

The correct answer is letter "A": analyzing potential mergers.

Explanation:

Operations managers are those in charge of planning, studying, and analyzing all the steps regarding the processes of production of a company. They supervise if the companies have enough raw materials for manufacturing, organize the labor responsible for the production, and evaluate any problem born because of the operational activities of the business.

<em>Analyzing potential mergers is an event likely to be evaluated by the Chief Executive Officer (CEO) of a firm along with the Board of Directors</em>.

6 0
3 years ago
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