Answer: Expected Return = 0.47
Explanation:
Using the CAPM, The Capital Asset Pricing Model formulae , we have that
Expected Return = Risk Free Rate + Beta(Market Return - Risk Free Rate)
Where
market return is 0.19
Beta =2.67
risk-free asset= 0.02
Expected Return=0.02 +2.67 X (0.19 - 0.02)
=0.02 +2.67 X (0.17)
0.02 +0.4539
Required Return=0.47
Therefore Expected Return for Snap On Inc is 0.47
Answer: (a) Fair value changes are not recognized in the accounting records - Measurement principle (historical cost).
(b) Financial information is presented so that investors will not be misled - corresponds to full disclosure principle.
(c) Intangible assets are amortized over periods benefited - expense recognition principle.
(d) Agricultural companies use fair value for purposes of valuing crops - industry practices or fair value principle.
(e) Each enterprise is kept as a unit distinct from its owner or owners - economic entity assumption.
(f) All significant post-balance-sheet events are disclosed - full disclosure principle.
Answer:
a. Physical appearance
Explanation:
The Physical appearance of a person is as a result of the genetic make up of the individual. This factor barely has an influence on an individual’s core belief system.
Religious background is a key element of individual’s core belief system as it forms the basis of one's belief about God, life, fate and destiny.
Family upbringing forms the basis of one's belief as the individual grows. The influence of the members of a family forms a part of the individual's core belief.
Life experiences as well forms a key part of our belief system and the same goes for personality.
Answer:
$20,790,000
Explanation:
Since the estimated total costs to complete had not change, the Construction is Process can be estimated as follows:
Construction in Process = Estimated total completion cost - Total costs of completion to date = $38,500,000 - $17,710,000 = $20,790,000
Answer: Cash cycle =24.35 days
Explanation:
Cash cycle=Days in inventory+Days in receivables-Days in payables
Days in inventory=365/inventory turnover
=365/18.9
= 19.3121693 days
Days in receivables=365/receivables turnover
=365/9.7
=37.628866days
Days in payables=365/payables turnover
=365/11.2
=32.5892857 days
Therefore, Cash cycle=Days in inventory+Days in receivables-Days in payables
= 19.3121693 days+ 37.628866 days - -32.5892857days
=24.3517496days
Rounded up to 24.35 days
The cash cycle of Franklin, Inc., considering its inventory turnover, receivables turnover, and payables turnover, is approximately 24.35 days.
In order to calculate the cash conversion cycle for Franklin, Inc., we need to consider three aspects: Inventory turnover, payables turnover, and receivables turnover.
Firstly, we need to convert these turnovers into days. That's achieved by dividing 365 by the turnover ratio for each component.
The converted days for each component will be:
The Cash Conversion Cycle is then computed as follows: Cash Conversion Cycle = Inventory Days + Receivables Days - Payables Days = 19.31 + 37.63 - 32.59 ≈ 24.35 days
So, the cash cycle of Franklin, Inc. is approximately 24.35 days.
the cover-up of complex procedures. Abstraction allows us to apply a function to each value in a list and produce a new list of the results by getting rid of unnecessary or repetitive code.
Abstraction is a method used in computer science to control the complexity of computer systems. It functions by setting a threshold for complexity beyond which a user cannot interact with the system, concealing the more intricate elements below the threshold.
When we write code parts (referred to as "procedures" or, in Java, "static methods") that are generalized by having variable parameters, we are using procedural abstraction. The concept is that we have code that, depending on how its parameters are configured when it is called, can handle a range of different circumstances.
Read more about abstraction enables at
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The answer is "alternative evaluation".
During the evaluation of alternatives stage, the buyer assesses every one of the items accessible on a size of specific properties.
Evaluation of alternatives is the third stage in the Consumer Buying Decision process. Amid this stage, shoppers assess the majority of their item and brand choices on a size of properties which can convey the advantage that the client is looking for. The brands and items that purchasers analyze – their evoked set – speak to the options being considered by buyers amid the critical thinking process.