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Bogdan [553]
3 years ago
12

Brenda and Louise are twin sisters who each married 20 years ago. Brenda and her husband run a small piano tuning business. They

have had a small, loyal customer base, and their modest but adequate income has not changed over time. Louise and her husband each work for a corporation, and their incomes have steadily increased over the last 20 years allowing them to increase their standard of living. Assuming that Brenda and Louise began their married lives equally happy, and based on their income histories alone, what would you predict about the subjective well-being of Brenda and Louise today
Business
1 answer:
NeX [460]3 years ago
5 0

Answer: Probably, still happy

Explanation:

People measure success differently, and what makes an individual happy may not be applicable to another, some person's gain satisfaction in doing their own business, while some prefer working for other people. This is why there isn't any specific measure for people's success. Concerning Brenda and Louise, there is a great possibility that they are happy in their various endeavors, having chosen a particular career part and stuck to it for years. This doesn't mean they won't have challenges but means they are happy where they are.

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Sunland Company has beginning work in process inventory of $134000 and total manufacturing costs of $686000. If cost of goods ma
Luda [366]

Answer:

The answer is $160,000

Explanation:

Please refer to the attached file

5 0
3 years ago
Mike’s Motors Corp. manufactures motors for dirt bikes. The company requires a minimum $30,000 cash balance at each month-end. I
Stolb23 [73]

Answer:

Mike's Motors Corp.

Cash Budget for July, August, and September:

                                          July           August        September       Total

Beginning balance        $32,000     $30,000         $30,000       $32,000

Cash receipts                  83,000      109,000          148,000       340,000

Bank borrowings            26,000           0                   0                  26,000

Total receipts                 141,000       139,000         178,000      $398,000

Cash Payments              111,000        97,900          125,400        334,300.00

Interest                                                    520                 308.40          828.40

Loan repayment                                 10,580            15,420          26,000.00

Total payments              111,000      109,000            141,128.40    361,128.40

Minimum cash balance 30,000       30,000             36,871.60     36,871.60

Explanation:

a) Data and Calculations:

            Cash  Receipts   Cash  Payments

July            $ 83,000        $ 111,000

August        109,000           97,900

September 148,000          125,400

Minimum cash balance = $30,000

Interest on borrowings = 2% per month

July ending:

Borrowing to maintain minimum cash balance = $26,000

Interest for August = $520 ($26,000 * 2%)

August ending:

Loan balance = $15,420 ($26,000 - $10,580)

Interest for September = $308.40 ($15,420 * 2%)

8 0
3 years ago
Period of time when unemployment rises and businesses begin to produce less and less
MakcuM [25]

Answer:

Cyclical unemployment

Explanation:

The process of this happening is known as Cyclical unemployment. This is something that is common in every country around the world and tends to happen due to many reasons. Each countries economic cycle is different and follows different ranges. The United States Economic Cycle tends to happen roughly every 8 years, although this is not 100% guaranteed. When it does happen Stock Markets tend to crash which is what causes a chain reaction that leads to unemployment rises and businesses producing less and less as there is less consumer spending.

5 0
3 years ago
Campbell's soups maintain a low-level of advertising during the entire year, but it advertises heavily during the winter months
melomori [17]

Answer: Pulsing

Explanation:

Campbell's soup are making use of pulsing advertising strategy, where businesses which offer products affected by seasonal sales vary their advertising intensity: from low-level advertising at a low sale season to high level advertising at a season of expected higher sales.

7 0
3 years ago
year was $2.78 and is expected to be $3 at the end of this year, the current stock price is $60, and the growth rate for dividen
TEA [102]

Answer:

The expected return is 13%.

Explanation:

Note: Before answering the question, the full question is first stated as follows:

A firm's stock cash dividend per share for last year was $2.78 and is expected to be $3 at the end of this year, the current stock price is $60, and the growth rate for dividends is 8 percent. Using the Gordon approach, what is the expected return?

The answer to the explanation of the answer is now as follows:

Gordon’s theory which is also known as ‘Bird-in-the-hand’ theory states that the importing factor to consider in determining the value of a firm are the current dividends.

Therefore, the Gordon growth model (GGM) formula which assumes that there will a stable dividend growth rate year after year forever is employed for this question as follows:

P = d1 / (r – g) ……………………………………… (1)

Where;

P = current stock price = $60

d1 = next dividend = $3

r = expected return = ?

g = growth rate of dividend = 8%, or 0.08

Substituting the values into equation (1) and solve for r, we have:

60 = 3 / (r - 0.08)

60(r - 0.08) = 3

60r - 4.80 = 3

60r = 3 + 4.80

r = 7.80 / 60

r = 0.13, or 13%

Therefore, the expected return is 13%.

7 0
4 years ago
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