Friday, May 22, 2020
Finance final - 2369 Words
BA 213 PRINCIPLES OF ACCOUNTING III INSTRUCTOR: USHA RAMANUJAM DEAR STUDENTS, HERE ARE THE TEST#2 REVIEW QUESTIONS. ANSWERS ARE HIGHLIGHTED. IF YOU WISH TO WORK THE QUESTIONS FIRST, I SUGGEST HIGHLIGHTING THE ENTIRE REVIEW SO YOU DON T KNOW WHICH IS THE ANSWER!! SEE YOU IN CLASS! USHA TEST 2 - REVIEW QUESTIONS. 1. Discretionary fixed costs: A) cannot be changed since they are fixed. B) have a long-term planning horizon, generally encompassing many years. C) are made up of facilities, equipment, and basic organization. D) responses b and c are both correct. E) NONE OF THESE. 2. Which of the following would usually be considered a committed fixed cost for a retail sales corporation? A) LEASE PAYMENTS MADE ON ITS STORE BUILDINGS†¦show more content†¦A) $132,000 B) $136,000 C) $168,000 D) $176,000 12. Black Company s sales are $600,000, its fixed expenses are $150,000, and its variable expenses are 60% of sales. Based on this information, the margin of safety is: A) $90,000 B) $190,000 C) $225,000 D) $240,000 13. During last year, Thor Lab supplied hospitals with a comprehensive diagnostic kit for $120. At a volume of 80,000 kits, Thor had fixed expenses of $1,000,000 and net operating income of $200,000. Because of an adverse legal decision, Thor s liability insurance expenses this year will be $1,200,000 more than they were last year. Assuming that the volume and other costs are unchanged, what should be the sales price this year if Thor is to make the same $200,000 net operating income? A) $120 B) $135 C) $150 D) $240 14. Mason Company s selling price was $20.00 per unit. Fixed expenses totaled $54,000, variable expenses were $14.00 per unit, and the company reported a profit of $9,000 for the year. The break-even point for Mason Company is: A) 10,500 units B) 4,500 units C) 8,500 units D) 9,000 UNITS 15. Garcia Veterinary Clinic expects the following operating results next year: Sales (total) $600,000 Variable expenses (total) $120,000 Fixed expenses (total) $300,000 What is Garcia s break-even point next year in sales dollars? A) $240,000 B) $375,000 C) $400,000 D) $420,000 16. Gamma Company has sales ofShow MoreRelatedFinance final study guide Essay2210 Words  | 9 Pagesa project with an initial cost of $38,000 and cash inflows of $29,000 a year for 2 years. This project is an extension of the firms current operations and thus is equally as risky as the current firm. The firm uses only debt and common stock to finance their operations and maintains a debt-equity ratio of 0.6. The pre-tax cost of debt is 11.0 percent and the cost of equity is 13.0 percent. The tax rate is 34 percent. What is the projected net present value of this project? (3) - Becker IndustriesRead MoreFinal Question Paper: Corporate Finance24063 Words  | 97 Pagesexpansion. Rockwood currently has 16 million shares outstanding and following the expansion announcement these shares are trading at $25 per share. Rockwood has the ability to borrow at a rate of 5% or to issue new equity at $25 per share. If Rockwood finances their expansion by issuing $100 million in debt at 5%, what will Rockwood s cost of equity capital be? | a. 11.25% | FIrst, since the project is already announced, any positive NPV is already reflected into Rockwoods current stock price.Read MoreApplied Corporate Finance - Final Questions Essay1586 Words  | 7 PagesSolutions to Practice Problems by Kyung Hwan Shim University of New South Wales Australian School of Business School of Banking Finance for FINS 3625 S1 2010 May 23, 2010 âˆâ€" These notes are preliminary and under development. They are made available for FINS 3625 S1 2010 students only and may not be distributed or used without the author’s written consent. âˆâ€" 1 Solution for Question 1 Summary Table of Cash Flows t=0 I II CF from Machinery ignoring depreciation Working Capital LevelRead MorePa 581 Final Exam Government Budget and Finance 100% Correct Keller872 Words  | 4 PagesPA 581 Final Exam Government Budget and Finance 100% Correct Keller PLEASE DOWNLOAD HERE! http://www.studentswithsolutions.com/view-tutorial.aspx?TutorialId=2110 Page 1: 1. (TCO A) One of our lectures discusses the budget execution stage of the budget cycle. Please identify and explain each of the major steps in the budget execution process. (Points : 25) 2. (TCO D) Property taxes receive a number of complaints from some taxpayers and many politicians. Please identify at least three ofRead MoreIntro to Finance Final Exam1002 Words  | 5 PagesMBA 600 FINAL EXAM 1. (20 POINTS) The accounting staff at Moonbeam Enterprises prepares monthly financial statements. At the end of April 2004 the company had the following account balances: Land $45,000 Notes payable $33,000 Merchandise inventory $12,480 Buildings $50,000 Cash $10,360 Capital Stock $38,770 Retained earnings, April 30 $46,070 Salary expense $15,050 Sales revenue $26,000 Supplies expense $Read MoreFinance 320 Final Exam2599 Words  | 11 PagesSampleFinal Finance 320 Finance Department Name___________________________________ Chapters: 1, 2, 3, 4, 5, 6, 7, 8, 9, 11, 12, and 13 1) A C corporation earns $4.50 per share before taxes. The corporate tax rate is 35%, the personal tax rate on dividends is 20%, and the personal tax rate on non-dividend income is 39%. What is the total amount of taxes paid if the company pays a $2.00 dividend? A) $2.48 B) $1.98 C) $0.90 D) $1.58 2) Why in general do financial managers make financialRead MoreFinance 486 Final Exam Essay1460 Words  | 6 Pagesï » ¿ Finance 486 Final Exam 1. EFN Calculation – 25 points The most recent Financial Information for Golf Pro Inc. are shown here: Income Statement Balance Sheet Sales $3,400 Current Assets $4,400 Current Liabilities $880 Costs 2,800 Fixed Assets 5,700 Long Term Debt 3,580 Taxable Income 600 Read MoreCapstone Project Finance (Final Project)9400 Words  | 38 Pages_______________________________________________ _______________________________________________ Abstract The need to encourage house or homeownership has been in the government’s strategic plan since 1934, however, the current financial policies and practices in the housing finance and the mortgage market has characterized by minimum flow of capital in the secondary mortgage market, confusion on the main control authority and various ill practices. This fact has necessitated various changes in the house and homeownership financialRead MoreEssay on Managerial Finance Final Exam1361 Words  | 6 PagesWhich of the following is NOT normally regarded as being a barrier to hostile takeovers? (Points : 5) |        Abnormally high executive compensation        Targeted share repurchases        Shareholder rights provisions        Restricted voting rights        Poison pills | 2. (TCO F) Which of the following statements is correct? (Points : 5) |        The MIRR and NPV decision criteria can never conflict.        The IRR method can never be subject to the multiple IRR problem, whileRead MoreFinance 301 Sample Final Exam1138 Words  | 5 PagesQuestion 1 - Bond Valuation Assume the following information for bonds A and B. Both bonds have the same YTM and have semi-annual coupon payments. Bond B is currently selling at par. Face Value Maturity Coupon Rate Bond A 1000 30 yrs 8% Bond B 1000 20 yrs 10% a) What is the price for Bond B (2 pts)? What is the current yield for Bond B (2 pts)? Bond A is selling at a ________(discount /par/
Thursday, May 7, 2020
Arthur Miller The Family Man - 1129 Words
The Family Man As we grow up in this world we are introduced to morals and values in which we all have some sense of in each and every one of us. We are born with a sense of protectiveness for our loved ones, a necessity to guide them to the right choices, and a need to provide for them. Arthur Miller a father of three children himself, has this deeply rooted into his mind and within his literary works. (Abbotson) Arthur Asher Miller a man of many very high esteemed novels was born in New York City on October 17, 1915. (Hadomi) A man who saw all the harshness of the Great Depression, and had many jobs including a clerk, and a delivery boy for a bakery before school. Arthur Miller began writing in 1934 while he attended Michigan†¦show more content†¦This deteriorates his pride and makes him very ashamed but this shows us that he puts his family before anything even his pride, which in this time is a mans image. Linda, Willys wife, appreciates him and loves him just as much as he does her ,by saying, â€Å"He drives seven hundred miles, and when he gets there no one knows him any more, no one welcomes him. And what goes through a mans mind, driving seven hundred miles home without having earned a cent? Why shouldnt he talk to himself? Why? When he has to go to Charleys and borrow fifty dollars a week and pretend to me that its his pay? How long can that go on? How long? You see what Im sitting here and waiting for? And you tell me he has no character? The man who never worked a day but for your benefit? When does he get the medal for that?..†(Miller 57) Some people such as Terry Thompson think that the theme is â€Å"Millers celebrated tragedy about an aging and mediocre salesman who will not grow up, but who will instead remain an impulsive and mercurial boy groping ineffectually for success in a world that pays him no heed (Miller 12). And that symbol is facial hair--who has it and who does not.†(Thompson) In this theme Willy is put against his brother in many aspects. Ben his older brother is a successful man with plenty of money and â€Å"facial hair which shows his maturity†(Thompson) as Willy has none of these things. In this case Willy is used to symbolize childish name as many begin to use William asShow MoreRelatedArthur Miller Research Essay1102 Words  | 5 Pages2012 Arthur Miller Research Essay Arthur Miller was an American playwright who wrote plays such as â€Å"The Crucible†and â€Å"Death of a Salesman†because he thought theatre could change the world. He wrote his works based on friends, his own life, and family. People believed he was a man of integrity and a hero because of the ways he portrayed himself. He was born in 1915 in Harlem, New York and raised in a very wealthy household by his parents, Isidore and Augusta Miller. After highRead MoreDeath of a salesman project769 Words  | 4 PagesDisraeli once said â€Å"Circumstances are beyond the control of man, but his conduct is in his own power.†This quote means that the extent of man’s control is only to himself and not the people nor things around him. This quote is true because people can only control their actions and not the actions of others or their surroundings. In both the plays Death of a Salesman written by Arthur Miller and Incident at Vichy written by Arthur Miller characters were faced with situations where they could controlRead MoreEssay about Arthur Miller1626 Words  | 7 PagesTheater Appreciation ARTHUR MILLER Of the list of American playwrights the one I thought I would find most interesting is Arthur Miller. Being relatively familiar with some of his work I wanted to learn more about him. Through the research I have done I have been able to find some very interesting information about Millers work as well as his personal life. Arthur Miller was born in New York on October 17, 1915. His father, Isidore Miller, was a ladies-wear manufacturer and shopkeeper whoseRead MoreArthur Miller And Elia Kazan815 Words  | 4 Pagescrazy to think how two people’s lives could be so intertwined. Arthur Miller and Elia Kazan, two completely different people with clashing personalities and morals, have one of the most complicated relationships in Hollywood history. With the same childhood, the same love interest, and same event that would make or break their career, the lives of these men were more intertwined than they had ever hoped or planned to be. Before Miller and Kazan had even met, their childhood proved to be somewhatRead MoreArthur Miller s Psychological And Social Magnitude Of His Characters1657 Words  | 7 Pagessee, we are doomed and challenged to seek the strength to see more, not less.†- Arthur Miller B. As a serious essayist and playwright who believed in the ability dramas had in bringing about change, Arthur Miller investigated the psychological and social magnitude of his characters. His plays attempted to go beyond trouble-free pieces in order to give an insight and deal in depth with ethical and moral issues. Miller was interested in how common people could live in harmony with others without surrenderingRead MoreArthur Miller s Death Of A Salesman1144 Words  | 5 Pages Arthur Miller: Death of a Salesman Life for many in America are missing the same elements that â€Å"Death of a Salesman†exposed. Those element are love and direction. Many people face these struggles at some point in their life, but don’t know what to do to progress. Arthur Miller devised a style whereby he could show how your past can continuously impact on your future. Each character highlights the powerlessness of a dream to give meaning and control to human life. I disagree with someRead MoreWilly Loman, the Modern Hero in Arthur Millers Death of a Salesman1739 Words  | 7 Pages In Arthur Miller’s essay â€Å"Tragedy and the Common Man†, a picture is painted of a â€Å"flaw-full†man, known as the modern hero of tragedies. Miller describes what characteristics the modern tragic hero possesses and how he differs from the heroes depicted by classic Greek playwrights such as Sophocles and Aristotle. In order to understand how drastically the modern hero has evolved, one must first understand the basic characteristics that the heroes created by Sophocles and Aristotle encompass. TheRead MoreA Detailed Analysis of Death of a Salesman1199 Words  | 5 Pagesis still relevant in today’s society. Arthur Asher Miller was born October 17, 1915 in Harlem, New York City. Miller was the son of Isadora and Augustus Miller, Polish Jewish immigrants who settled in Harlem in the early 1900’s. Arthur’s father owned a successful women’s clothing manufacturing company that employed hundreds of people. Although he was a figure of wealth and prominence in the community the Wall Street Crash of 1929 left the successful family in a financial struggle. They relocatedRead MoreAnalysis Of Arthur Miller s Life1268 Words  | 6 Pagesslim few have succeeded. Arthur Miller was an inventive, determined playwright who made a lasting impression on theatre in the 20th century. He was a head-strong, willful individual who conquered obstacles when they presented themselves. Through a brief examination of Arthur Miller’s personal life, career as a playwright, and influence on theatre, it is clear to see that he was a very innovative and impactful individual whose effects can still be seen today. Arthur Miller’s life began on OctoberRead MoreAll My Sons Critical Essay590 Words  | 3 PagesAll my Sons - Critical Essay All my sons written by Arthur Miller is a dramatic play which shows actions and consequences and morality and studies the theme of idealism verses realism, social responsibility and the American dream. This play takes place after World War II, in the year 1947. The play shows conflict between a Father and a son and how quickly a family can fall apart following a serious revelation. Arthur Miller uses techniques such as characterization, stage directions and a delayed
Wednesday, May 6, 2020
Did Racism Precede Slavery Free Essays
ESSAY There have been debates among scholars over whether racism preceded slavery or vice versa. Present an argument on this question using course materials (lectures, readings, film) While some argue that racism preceded slavery, I firmly believe that racism did not precede slavery. Before examining the reasons behind my opinion, it is important to note how race feeds into racism, and how slavery then latches on to racism. We will write a custom essay sample on Did Racism Precede Slavery? or any similar topic only for you Order Now Race is a socially constructed idea through which a hierarchy largely stemming from the fairness of skin color is formed. As a result, different racial groups are formed with the White race occupying the top position of this hierarchy. Because of this skin-color based hierarchy, White people developed a sense of superiority and dominance over the Black people who lie at the bottom of this hierarchy. This perception of being superior and dominant over another race based on this hierarchy is racism. A connection between slavery and racism can then be formed when the White elites decide to only enslave the Black people when they feel their dominance and superiority is jeopardized in one way or the other. Therefore, the components of racism and slavery together form racialized slavery. Holistically speaking, a three-part system involving race, racism and slavery is effectively formed. While keeping components of this system in mind, it is also necessary to consider how money, productivity and social relations influence my view. When British settlers entered the New World, among their priorities was to hire relatively inexpensive slave labor to generate profits for them. While the freely available, local Native Americans were auditioned, the White settlers realized they had to look elsewhere. Native Americans died via diseases contracted by White settlers, and as a result were neither fully adaptable to slave labor nor productive. Instead, White settlers turned to indentured servitude. As discussed in lecture, indentured servitude saw White settlers import fellow British people and ordered them to work like slaves on cheap, 5-7 year contracts. However, this method of labor was not entirely successful since indentured servants too contracted diseases from settlers and died in numbers, while settlers also couldn’t dictate work conditions once their contracts expired. At this point, the frustrated White settlers wanted to bring in a people on whom they could place unlimited workloads to maximize productivity. This was when the British settlers turned to the African market. While the first British colonialists arrived in 1607, the first Africans were not brought in until 1619. (Week 3 powerpoint, â€Å"slavery-1†, slide 7) It is thus wrong to say that racism prompted and preceded the enslavement of Africans, since it was instead the failure of the Native Americans along with high mortality rates and contract laws of indentured servants that preceded and induced the enslavement of Africans. Moreover, the desire to become wealthier, not racism, convinced White settlers to enslave Africans. After failing with indentured servitude, White settlers imported Africans in pursuit of maximizing productivity and consequently receiving higher profits. As we discussed in class, planters in Virginia were aware of the rewards they could reap by enslaving Africans. Unlike the indentured servants contracts that limited the duration of work summoned by White settlers, enslaving Africans meant that planters could put no limits on the amount of work and time they ordered of them. Therefore, the more work you assign to slaves for much longer periods, the more productivity you get, and the more money your plantation gets you. On top of this though, planters also wanted more slaves to increase the supply of money they ultimately received. Accordingly, â€Å"state laws adopted the principle of partus sequitur ventrem- the child follows the condition of the mother regardless of the race of the father. †(Cannon, 1993, p. 415) Thanks to this law, enslaved mothers gave birth to enslaved children who went on to become extra pairs of hands on plantations. In the case of children being enslaved because of their enslaved mothers, racism once again does not precede slavery. Since child enslavement holds â€Å"regardless of the race of the father†, (Cannon, 1993, p. 415) it is the mother’s status as a slave and not race that precedes and assigns the same title to her children. White settlers wanted enslavement to be cyclical, and it is for this reason why enslaved women were valuable; they produced and reproduced. Although African enslavement eventually became slavery as torture only applicable to Africans, racism does not precede slavery here. As more Africans were imported for enslavement purposes, the White elites’ fears exacerbated. Even though African enslavement was the principal answer to increased wealth for White planters, indentured servitude was not extinct. Friendships between Africans and lower-class Whites existed, and the White elites were concerned these alliances would undermine their summoning powers and provoke a class insurrection. It was at this juncture in 1660 that racialized slavery in Virginia (Week 3 powerpoint, â€Å"slavery-1†, slide 7), a product of components in the system, was only specific to the Africans. Not only did racialized slavery prevent a class conflict between Whites, but also brought racism to the fore. As a system component in this case, racism is a perception of superiority and dominance from the White elites’ to the Africans. Hence, racialized slavery again supports my view since it was the enslavement of Africans and their interactions with lower-class Whites that preceded and incited racism. One can easily get confused by racism and slavery, and claim that slavery would never have occurred without an onslaught of racism. However, the series of events involving White settlers, Native Americans, indentured servants and imported Africans are most logical when we argue that racism did not precede slavery. If the White settlers were racists ever since they arrived in the New World, indentured servitude would never have existed. Without the interaction of Africans and lower-class Whites, racialized slavery would not have been legitimatized, and Black people would not have been historically associated with slavery the most. How to cite Did Racism Precede Slavery?, Papers
Subscribe to:
Posts (Atom)