Business High School
Answers
Answer 1
Memo
Date: [Date]
To: [Your Name]
From: [Your Name]
Subject: Conversion Funnel Analysis for Marriott Hotels Website
In analyzing the conversion funnel for the Marriott Hotels website, we have calculated the conversion rate as requested. The conversion rate is typically defined as the percentage of sessions that result in a conversion. In this case, we will calculate the percentage of hotel searches that result in a conversion.
Conversion Rate Calculation:
Conversion Rate = (Number of Conversions / Number of Hotel Searches) * 100
Given the data provided:
Number of Hotel Searches = 2,347,892
Number of Conversions (Confirmation) = 72,498
Using the above formula, we can calculate the conversion rate as follows:
Conversion Rate = (72,498 / 2,347,892) * 100
Conversion Rate ≈ 3.09%
Therefore, the conversion rate for the Marriott Hotels website, based on the given data, is approximately 3.09%.
The conversion rate provides an important metric to evaluate the effectiveness of the website in converting hotel searches into confirmed bookings. A higher conversion rate indicates that a larger percentage of users who search for hotel rooms successfully complete the booking process. Conversely, a lower conversion rate may suggest potential areas for improvement in the user experience, booking flow, or marketing strategies.
Please let me know if you require any further information or analysis.
Thank you.
Sincerely,
[Your Name]
Know more about Conversion here:
https://brainly.com/question/9414705
#SPJ11
Related Questions
Who was the last queen of the hawaiian islands, deposed because american business interests wanted to annex hawaii to the u. S. ?.
Answers
The last queen of the Hawaiian Islands, who was deposed because American business interests wanted to annex Hawaii to the U.S, was Queen Liliuokalani.
She was overthrown on January 17, 1893, and was replaced by a provisional government that was led by American businessmen, Sanford B. Dole. A group of American businessmen, backed by U.S. Marines, deposed Queen Liliuokalani and established a provisional government. Sanford B. Dole, a lawyer and politician from the Kingdom of Hawaii, was named the first president of the Republic of Hawaii. The Kingdom of Hawaii had been an independent monarchy for more than eight decades.
However, American missionaries, who arrived in Hawaii in the early 19th century, gained influence over the islands, and their descendants became wealthy sugar and pineapple plantation owners. These American planters wished to annex Hawaii to the United States to avoid tariffs that were levied on foreign sugar imports. In 1898, Hawaii was annexed by the United States through the Newlands Resolution. However, it was not until 1959 that Hawaii became a state in the Union. Liliuokalani never regained the throne and died in 1917, but she remains a symbol of Hawaiian resistance and pride.
Learn more about Hawaiian Islands:
https://brainly.com/question/5605743
#SPJ11
Badger Corporation expects to have net income next year of $20.5 million and Bad- ger's invested projects expect to generate free cash flows of $23 million in the same year. Its marginal corporate tax rate is 20%. If Badger Corporation increases its leverage so that its interest expenses rise by $1 million for next year, would its net income or free cash flow be affected more? By how much?
Answers
To determine whether Badger Corporation's net income or free cash flow would be affected more by increasing its leverage, we need to consider the impact of interest expenses on both measures.
Net Income:Increasing leverage and incurring additional interest expenses will reduce er Corporation's net income. The tax-deductible interest expenses will lower the taxable income, resulting in a lower net income after accounting for the marginal corporate tax rate.
The impact on net income can be calculated as follows:
Impact on Net Income = Change in Interest Expenses * (1 - Tax Rate)
Impact on Net Income = $1 million * (1 - 20%)
Impact on Net Income = $1 million * 0.8
Impact on Net Income = $800,000
, increasing leverage by $1 million in interest expenses would reduce Badger Corporation's net income by $800,000.Free Cash Flow:Free cash flow is calculated by subtracting capital expenditures from the operating cash flow. In this case, since the question provides information about the expected net income and free cash flows, we can assume that the increase in interest expenses does not directly affect the operating cash flow. Therefore, the free cash flow would not be affected by the increase in leverage.In summary, the net income would be affected more by increasing leverage, with a reduction of $800,000, while the free cash flow would remain unaffected.
To learn more about Corporation's click on the link below:
brainly.com/question/18649511
#SPJ11
What must be the price of a $2000 bond with a 5.5% coupon rate, annual coupons, and 15 years to maturity if the YTM is 8.1% ? a. 2180.66 b. $1869.13 c. $1246.09 d. $1557.61
Answers
The price of a $2000 bond with a 5.5% coupon rate, annual coupons, and 15 years to maturity if the YTM is 8.1% is $1557.61
YTM (yield to maturity) is the overall rate of return anticipated on a bond if it is held until maturity and all interest payments are reinvested at the same interest rate. It's the most accurate measure of a bond's anticipated return, but it can be difficult to calculate. A bond's YTM may be greater or lesser than its coupon rate, depending on a variety of variables, such as current market interest rates, the bond's term to maturity, and the bond's credit quality. Therefore, in this case, we must find the present value of cash flows from the bond, discounting at the YTM, and then add up these present values. The formula for the present value is given below: PV=C1/ [tex](1+r)^1+C2/ (1+r)^2+C3/ (1+r)^3+...+Cn/ (1+r)^n[/tex] Where, PV = Present ValueC1, C2, C3,..., Cn = cash flows at different time periods r = yield to maturity (YTM)n = a number of cash flows Putting all the given values in the formula above we get: PV=[tex]$2000*(0.055*1-0.081)/1+(0.055*1-0.081)/ (1+0.081)^2+...+(0.055*1-0.081)/ (1+0.081)^{15}[/tex] = $1557.61 Therefore, the price of a $2000 bond with a 5.5% coupon rate, annual coupons, and 15 years to maturity if the YTM is 8.1% is $1557.61.
Learn more about anticipated here:
https://brainly.com/question/31556627
#SPJ11
The following data are accumulated by Geddes Company in evaluating the purchase of $140,100 of equipment, having a four-year useful life:
Net Income Net Cash Flow
Year 1 $32,000 $54,000
Year 2 20,000 42,000
Year 3 9,000 31,000
Year 4 (1,000) 21,000
Present Value of $1 at Compound Interest:
Year 6% 10% 12% 15% 20%
1 0.943 0.909 0.893 0.870 0.833
2 0.890 0.826 0.797 0.756 0.694
3 0.840 0.751 0.712 0.658 0.579
4 0.792 0.683 0.636 0.572 0.482
5 0.747 0.621 0.567 0.497 0.402
6 0.705 0.564 0.507 0.432 0.335
7 0.665 0.513 0.452 0.376 0.279
8 0.627 0.467 0.404 0.327 0.233
9 0.592 0.424 0.361 0.284 0.194
10 0.558 0.386 0.322 0.247 0.162
a. Assuming that the desired rate of return is 6%, determine the net present value for the proposal.
b. Would management be likely to look with favor on the proposal?
Answers
a. The net present value (NPV) of the proposal, assuming a desired rate of return of 6%, is -$9,126. This means that the discounted cash flows from the project do not cover the initial investment and desired rate of return.
b. Management would be less likely to look favorably upon the proposal due to its negative net present value.
a. To calculate the net present value (NPV) for the proposal, we need to discount the net cash flows at the desired rate of return and subtract the initial investment:
Using a 6% discount rate:
Year 1: $54,000 * 0.943 = $50,922
Year 2: $42,000 * 0.890 = $37,380
Year 3: $31,000 * 0.840 = $26,040
Year 4: $21,000 * 0.792 = $16,632
Initial Investment: -$140,100
Net Present Value (NPV) = Sum of discounted cash flows - Initial investment
NPV = $50,922 + $37,380 + $26,040 + $16,632 - $140,100
NPV = $-9,126
b. With a negative net present value, management would be less likely to look with favor on the proposal. A negative NPV indicates that the project's cash flows do not generate enough value to cover the initial investment and desired rate of return.
Learn more about net present value here:-
https://brainly.com/question/13912953
#SPJ11
. On January 1, 2013 DEF Company had issued $5,000,000 of 10-year bonds with a 6% coupon rate and interest to be paid annually each December 31st. The market rate in effect when the bonds were issued was 7%. Assume the bonds were issued at 96 and have been amortized using the effective interest method through December 31, 2019. At that time, after recording the 12/31/19 interest payment, assume the balance in the bond discount account was $130,000. On June 30, 2020, DEF retired all the bonds by exercising the call feature. The call price was 101.
Required:
Prepare the journal entry for the call of the bonds on June 30, 2020. (Show your calculations).
Type or paste question here
Answers
Journal entry for the call of the bonds on June 30, 2020, is given as shown and explained below.
How to Prepare Journal Entry?
To prepare the journal entry for the call of the bonds on June 30, 2020, we need to calculate the necessary amounts.
Calculate the carrying value of the bonds on December 31, 2019:
Carrying value = Face value of bonds - Accumulated amortization
Face value of bonds = $5,000,000
Accumulated amortization = Bond discount account balance = $130,000
Carrying value = $5,000,000 - $130,000 = $4,870,000
Calculate the gain or loss on retirement:
Gain or loss = Call price - Carrying value
Call price = $5,000,000 * 1.01 (101% of the face value) = $5,050,000
Gain or loss = $5,050,000 - $4,870,000 = $180,000 (Gain)
Prepare the journal entry:
Dr. Bonds Payable - Call Price ($5,050,000)
Dr. Bond Discount ($130,000)
Dr. Gain on Retirement of Bonds ($180,000)
Cr. Cash ($5,050,000)
The journal entry for the call of the bonds on June 30, 2020, would be as follows:
Dr. Bonds Payable - Call Price $5,050,000
Dr. Bond Discount $130,000
Dr. Gain on Retirement of Bonds $180,000
Cr. Cash $5,050,000
Learn more about Journal Entry on:
https://brainly.com/question/14279491
#SPJ4
The General Mills Company (GMC) purchased a milling machine for $100,000, which it intends to use for the next five years. This machine is expected to save GMC $35,000 during the first operating year. Then the annual savings are expected to decrease by 4% each subsequent year over the previous year due to increased maintenance costs. Assuming that GMC would operate the machine for an average of 5,000 hours per year and that it would have no appreciable salvage value at the end of the five-year period, determine the equivalent dollar savings per operating hour at 8% interest compounded annually.
The equivalent net savings are $_____ per operating hour. (Round to the nearest cent.)
Answers
The equivalent annual cost of the milling machine is $23,918.89. The equivalent net savings are $5.40 per operating hour.
The equivalent dollar savings per operating hour can be calculated as follows:
The equivalent annual cost (EAC) of the milling machine can be found using the annuity formula as:
[tex]$$\text{EAC}=P\frac{i(1+i)^n}{(1+i)^n-1}$$[/tex]
Where, P is the present value of the machine, i is the interest rate, and n is the number of years.
Substituting, we have:
[tex]$${\text{EAC}}=100000\frac{0.08(1+0.08)^5}{(1+0.08)^5-1}= $23,918.89$$[/tex]
Therefore, the equivalent annual cost of the milling machine is $23,918.89.
The savings in the first year is $35,000 while the savings in the subsequent years decreases by 4% of the previous year's savings. Therefore, the savings in the subsequent years are as follows:
Year 2: $35,000(1 - 0.04) = $33,600
Year 3: $33,600(1 - 0.04) = $32,256
Year 4: $32,256(1 - 0.04) = $30,976.64
Year 5: $30,976.64(1 - 0.04) = $29,757.12
The present value of this stream of savings can be found using the present value of a growing annuity formula as:
[tex]$$PV = C\frac{(1 - G^n)(1+i)^{-1}}{i-G}$$[/tex]
Where, C is the cash flow in the first year, G is the growth rate, i is the interest rate, and n is the number of years. Substituting, we have:
[tex]$$\text{PV}=\frac{35000(1-(1-0.04)^5)(1+0.08)^{-1}}{0.08-0.04}= $135,112.81$$[/tex]
Therefore, the present value of the savings is $135,112.81.
The equivalent dollar savings per operating hour can be found by dividing the present value of the savings by the total operating hours as follows:
[tex]$$\text{Equivalent dollar savings per operating hour} = \frac{\text{Present value of savings}}{\text{Total operating hours}}$$$$= \frac{135112.81}{5000(5)}$$$$= $5.40451$$$$\approx $5.40.$$[/tex]
Therefore, the equivalent net savings are $5.40 per operating hour.
Learn more about interest rate, :
https://brainly.com/question/30393144
#SPJ11
Please discuss the value wedge (willingness to pay and opportunity costs) of Starbucks as compared with their rivals, more specifically local premium coffee shops and McCafe, and justify your definition on their levels.
Answers
Starbucks offers a higher value wedge compared to their rivals, including local premium coffee shops and McCafe.
Starbucks excels in creating a strong value proposition through a combination of factors. Firstly, their willingness to pay is higher, meaning that customers are willing to pay a premium price for Starbucks products. This is mainly due to Starbucks' strong brand image, which is built on quality, consistency, and a unique coffee experience. Customers are willing to pay more for the assurance of a certain level of quality and the overall Starbucks experience.
Secondly, Starbucks understands the concept of opportunity costs and effectively leverages it to their advantage. The opportunity cost of choosing Starbucks over a local premium coffee shop is the experience and ambiance that Starbucks provides, along with the convenience of having a widespread global presence. Starbucks invests heavily in creating a cozy and inviting atmosphere in their stores, offering free Wi-Fi, comfortable seating, and a consistent ambiance across all locations. This attracts customers who are willing to trade off the potentially superior taste or craftsmanship of a local premium coffee shop for the overall experience that Starbucks offers. In comparison to McCafe, Starbucks differentiates itself by positioning as a premium coffee brand, appealing to consumers who value quality and are willing to pay more for it.
Learn more about Starbucks:
brainly.com/question/32307211
#SPJ11
Moving to another question will save this response Question 22 Any manufacturing company with so many possible combinations of products, can utilize the process of repetitive-focused strategy. O True O False
Answers
The statement is False. The repetitive-focused strategy is more suitable for manufacturing companies that produce standardized or highly repetitive products.
The repetitive-focused strategy, also known as the repetitive manufacturing strategy, is a production approach that emphasizes efficiency and consistency in manufacturing processes. It is most effective for companies that produce standardized or highly repetitive products with minimal customization or variation. Manufacturing companies that have a wide range of possible combinations of products, such as customizable or highly differentiated products, are better suited to other strategies, such as the product-focused or process-focused strategies. These strategies allow for greater flexibility and adaptability to meet diverse customer requirements and handle the complexity of varied product offerings. In summary, the repetitive-focused strategy is not suitable for manufacturing companies with a multitude of possible combinations of products. The nature of the product portfolio plays a crucial role in determining the most appropriate manufacturing strategy, and companies with diverse and customizable products are more likely to benefit from other strategies that offer greater flexibility and customization capabilities.
Learn more about customizable products here:
https://brainly.com/question/32695385
#SPJ11
Why target date funds might be inappropriate for most investors?.
Answers
Target date funds might be inappropriate for most investors because they may not consider individual needs and risk tolerance.
Target-date funds (TDFs) are mutual funds that are aimed at minimizing investors' risk by automatically changing the allocation of their portfolio assets from high risk to low risk as they approach their target retirement date. The funds typically blend a mix of stocks, bonds, and cash equivalents. Target-date funds have become increasingly popular in recent years, particularly among younger workers, as they are meant to provide a "set it and forget it" investment solution.
However, there are certain reasons why target date funds might be inappropriate for most investors:
1. The funds are not personalized. Target date funds are developed based on the assumption that most investors will retire at the target date, and the fund will adjust their investments accordingly. However, each investor's retirement needs are unique, and target-date funds may not be suitable for everyone.
2. High fees. Investors must pay fees for mutual fund management, and target-date funds are no different. Target date funds usually charge higher fees than other mutual funds, which can be detrimental to investors' net returns over time.
3. Inflexibility. Target-date funds are not very flexible. They tend to be structured, which means that investors must invest all of their assets in the fund, and they may have little control over the asset allocation or rebalancing decisions made by the fund manager.
4. Less control. Investors may not have as much control over their portfolios as they would if they were selecting their investments individually. Target date funds, like most mutual funds, are subject to management decisions, which may result in less control over asset allocation and investment decisions than investors might have in other types of accounts.
Learn more about Target date funds:
https://brainly.com/question/31974639
#SPJ11
As a general concept, ...... involves influencing others to take the actions required to achieve a goal.
a. management
b. leadership
Answers
b. leadership: Influencing others towards achieving goals.
Leadership involves influencing others to take the actions necessary to achieve a specific goal. It encompasses the ability to inspire and motivate individuals or a team toward a common objective. Leaders provide guidance, direction, and support, fostering an environment where individuals feel empowered to contribute and excel.
Effective leadership encompasses various skills, such as communication, decision-making, problem-solving, and interpersonal skills. Through their influence and example, leaders inspire and guide others toward the achievement of organizational or team goals. So the correct option is A.
For more questions like Leadership click the link below:
https://brainly.com/question/31138185
#SPJ11
Management is a process designed to achieve an organization's objectives by using its resources effectively and efficiently. Match the term to its definition.
Efficiently
Effectively
having the intended result.
accomplishing the objectives with a minimum resources.
Answers
Management is a process designed to achieve an organization's objectives by using its resources effectively and efficiently.
Efficiently Accomplishing the objectives with a minimum of resources.
Efficiency in management refers to the ability to accomplish organizational goals using the least amount of resources possible. It involves optimizing resource allocation, minimizing waste, and maximizing productivity. When managers focus on efficiency, they strive to streamline processes, eliminate redundancies, and make the most effective use of available resources such as time, money, and manpower.
Efficiency is crucial in management because it allows organizations to achieve their objectives in a cost-effective manner. By reducing unnecessary expenditures and avoiding resource wastage, efficiency helps organizations to improve their profitability and competitiveness. Efficient management ensures that resources are allocated appropriately, tasks are completed promptly, and operations are streamlined for optimal performance.
For example, a manufacturing company aiming for efficiency may implement lean production techniques to minimize inventory levels, reduce production waste, and enhance productivity. This can lead to cost savings, improved delivery times, and increased customer satisfaction.
Learn more about Management
brainly.com/question/32216947
#SPJ11
Describe the structure of the Parliament of the United Kingdom.
B. Identify FOUR (4) functions of the U.K Parliament.
(8 marks) (Total 20 marks)
(4 marks) (4 marks)
C. Examine THREE (3) differences between the U.S Presidential System and the U.K
Parliamentary System of Government.
Answers
The Parliament of the United Kingdom consists of two houses: the House of Commons and the House of Lords, with functions including legislation, representation, scrutiny, and debate. Three differences between the U.S Presidential System and the U.K Parliamentary System are the distribution of executive power, separation of powers, and the role of the head of state.
The structure of the Parliament of the United Kingdom consists of two houses: the House of Commons and the House of Lords. The House of Commons is composed of Members of Parliament (MPs) who are elected by the public through general elections. The House of Lords, on the other hand, consists of appointed members, including life peers, hereditary peers, and bishops.
Four functions of the U.K Parliament include legislation, representation, scrutiny, and debate. Parliament is responsible for making and passing laws, ensuring the interests and concerns of the public are represented, scrutinizing the government's actions and policies, and providing a platform for open and informed debates on important issues.
Three key differences between the U.S Presidential System and the U.K Parliamentary System of Government are the executive power distribution, separation of powers, and the role of the head of state. In the U.S, executive power is vested in a separate branch, the President, who is elected independently of the legislative branch. In the U.K, executive power is concentrated in the Parliament, with the Prime Minister being a member of the legislature.
In terms of separation of powers, the U.S system emphasizes a clear separation between the legislative, executive, and judicial branches, with each branch having distinct powers and responsibilities. In contrast, the U.K system exhibits a fusion of powers, with the executive branch being part of the legislative branch.
Regarding the role of the head of state, the U.S has a directly elected President who serves as the head of state and government, while the U.K has a constitutional monarchy where the monarch (currently Queen Elizabeth II) serves as the symbolic head of state, with the Prime Minister holding the executive power and governing on behalf of the monarch.
These differences in power distribution, separation of powers, and the role of the head of state shape the functioning and dynamics of the U.S Presidential System and the U.K Parliamentary System of Government.
Know more about Parliamentary System of Government here:
https://brainly.com/question/6072070
#SPJ11
the phillips curve and inflation — end of chapter problem for each of the given situations, determine whether the phillips curve is affected, and if so, how.
Answers
The Phillips Curve is a concept in macroeconomics that shows the inverse relationship between the unemployment rate and the rate of inflation. It suggests that as unemployment decreases, inflation tends to increase, and vice versa.
To determine how the Phillips Curve is affected in different situations, we need to consider the factors that can influence the relationship between unemployment and inflation.
Situation 1: Increase in aggregate demand:
When there is an increase in aggregate demand, it can lead to a decrease in unemployment and potentially result in higher inflation. In this situation, the Phillips Curve would shift upward, indicating a higher level of inflation at any given level of unemployment.
Situation 2: Supply-side shocks:
Supply-side shocks, such as changes in production costs or availability of resources, can impact both unemployment and inflation. For example, if there is a significant increase in the price of oil, it can lead to higher production costs, reduced output, and potentially higher unemployment. This would cause the Phillips Curve to shift outward, indicating higher unemployment and lower inflation.
Know more about macroeconomics here:
https://brainly.com/question/28489802?
#SPJ11
general journal label options:
Accounts payable
Accounts receivable
Accumulated depreciation—Building
Accumulated depreciation—Equipment
Bax, Capital
Bax, Withdrawals
Building
Cash
Cost of goods sold
Depreciation expense—Building
Depreciation expense—Equipment
Equipment
Gain on sale of building
Gain on sale of equipment
Gain on sale of inventory
Income summary
Interest expense
Interest payable
Interest receivable
Interest revenue
Inventory
Land
Loss on sale of building
Loss on sale of equipment
Loss on sale of inventory
Note payable
Rent expense
Ries, Capital
Ries, Withdrawals
Salaries expense
Sales
Sales discounts
Sales returns and allowances
Supplies
Supplies expense
Thomas, Capital
Thomas, Withdrawals
Answers
The journal that would close the firm's income summary account as at December 31. would be:
Date Account title Debit Credit
Dec. 31 Income summary $ 430, 500
Ries, Capital $ 143, 000
Bax, Capital $ 143, 000
Thomas, Capital $ 143, 000
How to journalize the income summary for partners ?
When the partners do not agree on a plan, and the income is shared equally, then each of their capital accounts would be credited with an equal amount of income.
The equal amount would be :
= 430, 500 / 3
= $ 143, 000
Ries, Bax, and Thomas would therefore get the same income of $ 143, 000.
Find out more on capital balance at https://brainly.com/question/31712564
#SPJ4
Question is:
Required information The following information applies to the questions displayed below! Ries. Bax, and Thomas invested $54.000, $70,000, and $78.000, respectively, in a partnership During its first calendar year, the firm eamed $430,500 Required: Prepare the entry to close the firm's Income Summary account as of its December 31 year-end and to allocate the $430,500 net income under the assumption that the partners did not agree on a plan, and therefore share income equally,
lei corporation has bonds on the market with 12.5 years to maturity, a ytm of 7.3 percent, a par value of $1,000, and a current price of $1,057. the bonds make semiannual payments. what must the coupon rate be on these bonds? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answers
The coupon rate of the bond is 16.2%.
Maturity of the bond is 12.5 years.
The yield to maturity (YTM) of the bond is 7.3 percent.
The face value of the bond is $1,000.
The current market price of the bond is $1,057.
The bond makes semiannual payments.
Since the bond makes semi-annual payments, the number of periods will be 12.5 × 2 = 25 and the value of each payment will be 1/2 the annual coupon payment.
Formula: P = C/2 [1 − 1/(1 + r/2)^(n×2)] + F/(1 + r/2)^(n×2)
Where,
P = Price of the bond.
C = Annual coupon payment.
r = Yield to maturity.
n = Number of periods.
F = Face value of the bond
Substituting the given values in the formula,
we get: 1057 = C/2 [1 − 1/(1 + 7.3%/2)^(25)] + 1000/(1 + 7.3%/2)^(25)
We need to solve the above equation for C to get the bond's coupon rate.
C/2 [1 − 1/(1 + 7.3%/2)^(25)]
= 1057 − 1000/(1 + 7.3%/2)^(25)C/2 [1 − (1.0365)^(-25×2)]
= 1057 − 1000/1.0365^50C/2 [1 − 0.3482]
= 1057 − 528.6454C/2 = 528.6454/0.6518C
= $81
The semi-annual coupon payment is $81.
The annual coupon payment will be $81 × 2 = $162.
The bond's coupon rate is the annual coupon payment divided by the face value of the bond and multiplied by 100.
Coupon rate = (Annual coupon payment / Face value of the bond) × 100Coupon rate = ($162 / $1,000) × 100Coupon rate = 16.2%
Hence, the coupon rate of the bond is 16.2%.
To learn more about coupon rate click on the given link:
https://brainly.com/question/28528712
#SPJ11
the gross increases in retained earnings attributable to business activities are called
Answers
The gross increases in retained earnings attributable to business activities are called profit. The increase in a company's retained earnings for a period is calculated as follows: Profit or loss is determined by subtracting expenses from revenue.
Then, the taxes paid, dividends paid, and retained earnings change are all calculated separately.What is retained earnings?Retained earnings refer to the portion of a company's net income that is not distributed to its shareholders. Instead, the money is kept in the company as reserves, to be used for future growth and development. Retained earnings are a significant source of financing for a company, particularly for small and growing businesses.
Profit or loss is determined by subtracting expenses from revenue. Retained earnings refer to the portion of a company's net income that is not distributed to its shareholders. Instead, the money is kept in the company as reserves, to be used for future growth and development. Retained earnings are a significant source of financing for a company, particularly for small and growing businesses.
To know more about attributable visit:
https://brainly.com/question/7499720
#SPJ11
In one year, a firm will pay a common stock dividend of $6. 35. The dividends have been growing at 6% per year. Based on analysts’ forecasts, you predict that you will be able to sell your stock for $48 per share after one year. If you require a rate of return of 13 percent on your stock, how much would you be willing to pay now for a share of the stock?.
Answers
Therefore, if you require a rate of return of 13 percent on your stock and expect to sell it for $48 per share after one year, you should be willing to pay $90.71 now for a share of the stock.
A stock dividend is a dividend payment made to shareholders in the form of additional shares instead of cash.
To solve this problem, we need to use the dividend discount model. We will calculate the intrinsic value of the stock, which will be equal to the price we would be willing to pay for one share of the stock. The intrinsic value of a stock is the present value of all expected future dividends plus the expected sale price of the stock.
Using the formula for the constant growth dividend discount model, we can calculate the intrinsic value of the stock, as follows:
V₀ = D₁ / (r - g) + P₁ / (1 + r)¹
V₀ = $6.35 / (0.13 - 0.06) + $48 / (1 + 0.13)¹
V₀ = $6.35 / 0.07 + $48 / 1.13
V₀ = $90.71
To know more about stock visit: brainly.com/question/26128641
# SPJ11
A company is considering the purchase of a new machine for $111,300. Management predicts that the machine can produce sales of $24,500 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhead totaling $20,400 per year, including depreciation of $6,400 per year. What is the payback period for the new machine?
Multiple Choice 13.70 years. 7.70 years. 10.60 years. 21.70 years. 9.20 years.
Answers
The payback period for the new machine is 10.60 years. Thus, option (c) is correct.
Given information:
New machine for $111,300Produce sales of $24,50010 yearsFactory overhead $20,400Depreciation of $6,400 per year
Cash outflow = $111,300
Cash cost that is net of depreciation = factory overhead - depreciation
Cash cost that is net of depreciation = $20,400 - $6,400
Cash cost that is net of depreciation = 14000
Cash inflow for each period = Revenue - Cash cost that is net of depreciation
Cash inflow for each period = $24,500 - 14000
Cash inflow for each period = 10,500
The payback period = $111,300 ÷ 10,500
The payback period = 10.6
As a result, the significance of the payback period for the new machine are the aforementioned. Therefore, option (c) is correct.
Learn more about the payback period, here:
https://brainly.com/question/34913988
#SPJ12
Your question is incomplete, but most probably the full question was.
A company is considering the purchase of a new machine for $111,300. Management predicts that the machine can produce sales of $24,500 each year for the next 10 years. Expenses are expected to include direct materials, direct labour, and factory overhead totalling $20,400 per year, including depreciation of $6,400 per year. What is the payback period for the new machine?
Multiple Choice
A. 13.70 years. B. 7.70 years. C. 10.60 years. D. 21.70 years. E. 9.20 years.
The change of any element of the project, must not essentially be passed through a change control process?
Select one
True O False When doing a project estimate we do not need a project risk plan? Select one
True
False
In time estimation, there is no duration for a milestone it merely varies from project to project?
a Select one
True
False
Answers
1. False; 2. False; 3. False; The statement "The change of any element of the project must not essentially be passed through a change control process" is false.
Any change that occurs during a project must be evaluated and managed appropriately. The change control process is put in place to assess whether any proposed changes are necessary, relevant, and feasible and to keep track of all alterations.
Project risk management is essential to ensure the success of a project. A risk management plan is used to identify potential risks and create a plan to manage or avoid them. It is critical to prepare a project risk plan to help avoid the impact of any possible risks.
In the estimation of time, a milestone does have a duration, and it varies from project to project. The duration of a milestone must be decided in advance, and it must be tracked to ensure that the project is progressing in line with expectations. Thus, the statement "in time estimation, there is no duration for a milestone, it merely varies from project to project" is false.
To know more about control process visit:
https://brainly.com/question/32484032
#SPJ11
How long does it take for the irs to accept your return 2021.
Answers
The processing time for tax returns can vary depending on various factors, including the method of filing and the complexity of the return.
In general, the IRS aims to issue most tax refunds within 21 days of receiving an electronically filed return. However, the actual time it takes for the IRS to accept a return and process it can be shorter or longer. Factors such as errors on the return, incomplete information, or requests for additional documentation can delay the acceptance and processing of the return.
It's advisable to use the IRS's "Where's My Refund?" tool or consult with a tax professional for the most accurate and up-to-date information on your specific tax return.
Learn more about tax returns
https://brainly.com/question/30111603
#SPJ11
why do economic decisions vary from person to person even under the same circ*mstances? responses costs and benefits are subjective. costs and benefits are subjective. different people expect different returns. different people expect different returns. the value of money is generic. the value of money is generic. utility decreases differently for different people. utility decreases differently for different people.
Answers
Economic decisions vary from person to person even under the same circ*mstances because costs and benefits are subjective, different people expect different returns, and utility decreases differently for different people.
This means that the economic decisions taken by different individuals under the same circ*mstances may vary, as people assign different values to costs and benefits, depending on their personal preferences and needs. Economic decisions involve weighing the costs and benefits of different alternatives.
The costs and benefits of any decision are subjective as they depend on individual preferences and circ*mstances. Different people value the same things differently and so assign different subjective costs and benefits to any decision. Therefore, economic decisions vary from person to person even under the same circ*mstances.
Also, people expect different returns from their economic decisions. For example, some people may be willing to take higher risks and invest in high-risk ventures, while others prefer lower-risk ventures with a guaranteed return. Thus, different people will make different economic decisions based on their individual risk appetites.
Finally, the utility of a good decreases differently for different people. For example, a person who values a car for transportation will experience a decrease in utility once they have a car, while a person who values a car for its luxury may continue to derive utility from it for a longer period. Thus, the utility of a good will decrease at different rates for different people, influencing their economic decisions.
To learn more about economic decisions, visit here
https://brainly.com/question/30309563
#SPJ11
If a price floor is to be binding or effective, it must be set
A. at the equilibrium price.
B. very low.
C. at any disequilibrium price.
D. at a level such that there exists some excess demand.
E. above the equilibrium price.
Answers
E. above the equilibrium price.If a price floor is to be binding or effective, it must be set
binding or effective, a price floor must be set above the equilibrium price. The equilibrium price is the price at which the quantity demanded equals the quantity supplied in a market. When a price floor is set above the equilibrium price, it creates a minimum price that sellers are required to charge. At this higher price, the quantity supplied exceeds the quantity demanded, resulting in a situation of excess supply or surplus. In other words, there is a quantity of the good or service that suppliers are willing to sell but cannot find buyers for at the floor price. This excess supply is the key characteristic of a binding or effective price floor.
Learn more about suppliers here:
https://brainly.com/question/9379790
#SPJ11
A bond with 5 years to maturity is selling for $833.00 and has a yield to maturity of 5.4% percent. If this bond pays its coupon payments annually and par value is $1,000, what is the bond's annual coupon rate? Hint: Known N, i, PV, and FV, find PMT. Express it as a percentage of $1000 (par value). 1.50% 1.82% 1.45% 1.66%
Answers
Bond's annual coupon rate is approximately 7.48%. None of the given options exactly match this value.
To find the bond's annual coupon rate, we can use the formula for calculating the coupon payment (PMT) based on the given information.
[tex]PV = PMT / (1 + i) + PMT / (1 + i)^2 + ... + PMT / (1 + i)^N + FV / (1 + i)^N[/tex]
Where:
PV = Present Value ($833.00)
PMT = Coupon Payment
i = Yield to Maturity (5.4% or 0.054 as a decimal)
N = Number of years to maturity (5)
FV = Face Value ($1,000)
Substituting the known values into the equation, we have:
$833.00 = PMT / (1 + 0.054) + PMT / (1 + 0.054)² + PMT / (1 + 0.054)³ + PMT / [tex](1 + 0.054)^4[/tex] + PMT / [tex](1 + 0.054)^5[/tex] + $1,000 / [tex](1 + 0.054)^5[/tex]
Simplifying the equation, we get:
$833.00 = PMT / 1.054 + PMT / (1.054)² + PMT / (1.054)³ + PMT / [tex](1.054)^4[/tex]+ PMT / [tex](1.054)^5[/tex] + $1,000 / [tex](1.054)^5[/tex]
PMT, we can use a financial calculator or spreadsheet software. The calculated value for PMT is approximately $74.77.
The annual coupon rate is the coupon payment (PMT) divided by the par value ($1,000), multiplied by 100 to express it as a percentage. Therefore:
Annual Coupon Rate = ($74.77 / $1,000) * 100 ≈ 7.48%
To know more about annual coupon refer here
https://brainly.com/question/30102078#
#SPJ11
12. stock has a price of $32 and an annual return volatility of 45 percent. The risk-free rate is 3.0 percent. Perform calculations in Excel.
a. Calculate the European call and European put option prices with a strike price of $31.50 and a 90-day expiration. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places.)
Call premium______
Put premium ______
b. Calculate the deltas of the European call and European put. (Use 365 days in a year. A negative value should be indicated by a minus sign. Round your answers to 4 decimal places.)
Call delta_______
Put delta _______
Answers
With Stock price, S = $32Volatility, σ = 45% Risk-free rate, r = 3% Strike price, K = $31.50Time to maturity, t = 90/365 = 0.2466 years The call delta is 0.5831 and the put delta is -0.4169.
Given data are: Stock price, S = $32Volatility, σ = 45% Risk-free rate, r = 3% Strike price, K = $31.50Time to maturity, t = 90/365 = 0.2466 years Now, we can calculate the option prices using the Black-Scholes formula as follows: For call option: The Black-Scholes formula for a call option is as follows: C = SN(d1) − Ke−rtN(d2)where N(x) is the cumulative normal distribution, d1 and d2 are calculated as follows:d1 = (ln (S/K) + (r + σ²/2)t) / (σ√t)d2 = d1 − σ√tTherefore, substituting the given data in the above formula, we getC = 32N(0.5456) − 31.50e−0.03×0.2466N(0.3974)C = 26.27 − 30.50 × 0.6739C = $4.41
For put option: The Black-Scholes formula for a put option is as follows: P = Ke−rtN(−d2) − SN(−d1)Therefore, substituting the given data in the above formula, we get: P = 31.50e−0.03×0.2466N(−0.3974) − 32N(−0.5456)P = 31.19 × 0.3496 − 22.52P = $4.49Therefore, the call premium is $4.41 and the put premium is $4.49.Now, we can calculate the delta of the call and put options using the Black-Scholes formula as follows: For call option: The delta of a call option is calculated as follows:Δ = N(d1) Therefore, substituting the given data in the above formula, we getΔ = N(0.5456)Δ = 0.5831For put option: The delta of a put option is calculated as follows:Δ = N(d1) − 1Therefore, substituting the given data in the above formula, we getΔ = N(−0.5456) − 1Δ = −0.4169
Learn more about Stock price here:
https://brainly.com/question/18366763
#SPJ11
should media outlets be punished for false information brainly
Answers
Media outlets should not be punished for false information as it raises concerns about free speech and press freedom while potentially discouraging investigative journalism and critical analysis.
Should media outlets face consequences for spreading false information?
Holding media outlets accountable for disseminating false information is a complex issue with implications for free speech and press freedom. While it is crucial to combat the spread of misinformation, imposing punitive measures on media outlets can have unintended consequences.
Firstly, determining what constitutes false information can be a subjective and challenging task. Differentiating between genuine mistakes, biased reporting, and deliberate falsehoods requires careful examination and judgment. Imposing punishment without clear guidelines and standards could potentially infringe upon the principle of freedom of the press, a cornerstone of democratic societies.
Secondly, penalizing media outlets for false information may lead to a chilling effect on journalism. Fear of retribution could discourage investigative reporting and critical analysis, hindering the media's ability to fulfill its watchdog role. This could undermine the public's access to vital information and limit the checks and balances necessary in a democratic society.
Instead of punitive measures, a more constructive approach would involve enhancing media literacy education and promoting fact-checking initiatives. By equipping individuals with the skills to critically evaluate information, we empower them to make informed decisions and navigate the increasingly complex media landscape. Encouraging media outlets to adopt transparent editorial practices and ethical guidelines can also contribute to fostering trust and credibility.
Learn more about media outlets
brainly.com/question/29991301
#SPJ11
Question 1511 peint A drink normally consumed after-dinner, preferred for medicinal purpose. Aged in oak barrels with and ABV of 35- 65% is 0. Ob Whiskey Oc Brandy Od Port O. Sherry
Answers
The drink normally consumed after dinner, preferred for medicinal purposes, which is aged in oak barrels with an ABV of 35- 65% is Brandy.
A distilled alcoholic drink made from fermented fruit juice, primarily grapes, but also peaches, apples (calvados), or other fruit, is Brandy.
Brandy is a drink that is produced by distilling wine, which may be made from grapes, apples, pears, plums, or other fruits. Brandy is distilled in copper stills and then aged in oak barrels, giving it a deep color and a rich, complex flavor.The ABV of brandy ranges from 35% to 65%, depending on the type and style. Brandy is traditionally served as a digestif after a meal, and it is said to have medicinal properties that can aid in digestion.
For more details about Brandy
https://brainly.com/question/911986
#SPJ11
Several years ago, two parties litigated whether a contract between them had been breached. The defendant was a student who had, like many of us, borrowed money to complete his education. The legal documents spelling out his legal obligation to repay the lender (the plaintiff, as I'm sure you guessed) included this curious typographical error:
The student must "remit no less than $600 monthly with each payment arriving . . . not less more than 30 days apart . . . ."
When the student failed to make payments not more than 30 days apart, the lender initiated the lawsuit. The student's defense? That he was not required to do so according to the terms of the contract. Instead, the student argued, he was obligated to make payments not less than 30 days apart (i.e., at least 30 days apart). He argued his sporadic efforts to repay complied with this interpretation of the contract.
For this week's post, put yourself in the shoes of the judge deciding this dispute. Where might you look to determine what the parties intended? Would you rule for the lender or the student? Why?
Answers
The judge's decision in the lawsuit depends on interpretation and contextual understanding.
The phrase "not less more than 30 days apart" seems to have been a typographical error. While it's important to consider the literal wording, it's also crucial to comprehend the intended meaning within the contract's context. In this scenario, the judge would need to consider the intention of the contract, which appears to be regular repayment with intervals not exceeding 30 days. To find this intention, the judge might examine other contract clauses, past payments, and standard practices in similar contracts. While the student's interpretation is creative, it seems unlikely it would hold up in court given the contract's apparent intention.
Learn more about lawsuit here:
https://brainly.com/question/31259041
#SPJ11
identify three risks, then describe mitigation measures you would take to prevent each risk from occurring (or lessening their impact). use at least 200 words for each risk
Answers
three common risks and the mitigation measures that can be taken to prevent them from occurring or lessen their impact.1. Cybersecurity 2.Financial Risks 3.Project Risks
Risk management is crucial to avoid negative consequences that may result from a particular hazard. This process involves identifying and analyzing potential risks and implementing mitigation measures to minimize or eliminate their impact. In this post, we will discuss three common risks and the mitigation measures that can be taken to prevent them from occurring or lessen their impact.1. Cybersecurity RisksThe advancement of technology has led to an increase in the number of cyber-attacks worldwide. Cybersecurity risks can range from minor issues such as phishing scams to severe cases of data breaches. The mitigation measures that can be taken to prevent these risks from occurring are:Regular Backups: Ensure that you back up your files regularly to avoid data loss in the event of an attack. This can be done manually or through automated backup tools.Network Security: Implement a strong firewall and anti-virus software to protect your network from malicious attacks. Limit employee access to sensitive information and use strong passwords.Monitoring: Regularly monitor your network for suspicious activity and set up alerts to notify you of potential threats.
2. Financial RisksFinancial risks are those that affect a company's finances. This may include fluctuations in exchange rates, interest rates, or commodity prices. The mitigation measures that can be taken to prevent these risks from occurring are:Cash Flow Management: Monitor your company's cash flow regularly to ensure that it is stable. This can be done by reviewing your financial statements regularly, creating a budget, and reducing expenses where possible.Hedging: Hedge against financial risks by investing in instruments that help to protect your business against currency fluctuations. This can include options, futures, and other derivatives. Insurance: Take out insurance policies that cover potential financial risks such as theft, fire, or other damage. This will help to mitigate the impact of such events on your business.
3. Project RisksProject risks are those that occur during the course of a project. These risks can be due to factors such as poor planning, inadequate resources, or unforeseen circ*mstances. The mitigation measures that can be taken to prevent these risks from occurring are:Risk Management: Conduct a thorough risk assessment at the beginning of the project to identify potential risks. Develop a risk management plan that outlines how to mitigate and manage these risks.Project Planning: Develop a detailed project plan that outlines the tasks, resources, and timelines for each phase of the project. This will help to ensure that the project is completed on time and within budget.Stakeholder Management: Engage with stakeholders to ensure that their needs are met throughout the project. Keep them informed of any issues that arise and involve them in the decision-making process. ConclusionRisks are inevitable in any business or project. However, by identifying and analyzing potential risks, businesses can develop mitigation measures to lessen their impact. Regularly monitoring and updating your risk management plan is essential to ensure that your business is protected against potential risks.
Learn more about Mitigation:
https://brainly.in/question/1222271
#SPJ11
Part 1. State your company, it must be:
B2C
Existing
Canadian or operates in Canada
State your business question – same for all groups – your client (company) wants to expand and increase sales and considers opening a new location in a GTA area (specify, i.e. Mississauga, Vaughan, etc.)
Answer the following questions:
Copy and paste the following questions to your document and answer each of them sequentially:
Based on the online sources found/used (also watch Video - Economic Indicators posted on Moodle), students will identify and write definition for 4 indicators and present the numbers for the last 2 years of key economic indicators for Canada. Say what they mean from business and economy perspective. (e.g., GDP, 2020, 2021).
Instructions of what needs to be learned:
Prepare accurate and appropriate tables and/or charts that present detailed information in a visual format.
Create infographics that display numerical and categorical information in a visually-appealing manner.
Develop proficiency using Word and Excel software.
Prepared a high-quality written report with accurate references and citations that demonstrates professional and ethical standar
Answers
Company Name: Lululemon Athletica Type: B2CExisting: Yes Operating in Canada: Yes Business Question: Lululemon Athletica wants to expand and increase sales and considers opening a new location in the Mississauga GTA area. Economic indicators refer to statistics that offer insight into the overall health and well-being of an economy.
The following are four key economic indicators for Canada, along with their definitions and numerical values from the last two years: Gross Domestic Product (GDP):Gross domestic product (GDP) is a measure of the economic value of all goods and services produced within a country's borders over a particular period, usually annually. In 2020, Canada's GDP was $1.63 trillion, while in 2021 it was $1.77 trillion.
GDP is a measure of a country's economic output, and it reflects the overall health of its economy. Inflation Rate: The inflation rate is a measure of the rate at which prices for goods and services are increasing over time. In 2020, the inflation rate in Canada was 0.7%, while in 2021 it was 2.2%. Inflation is an essential economic indicator because it reflects the overall cost of living for consumers, which can affect their buying habits .Employment Rate :The employment rate is a measure of the percentage of the labor force that is employed. In 2020, Canada's employment rate was 57.6%, while in 2021 it was 61.6%. A high employment rate is generally seen as a positive economic indicator because it means that more people are employed and contributing to the economy.
To know more about Operating visit :
https://brainly.com/question/30581198
#SPJ11
Command Economies: What is socialism? What are the advantages and disadvantages of socialism? How does it differ from communism? In a command economy who determines what is produced; how much is produced; and what the prices are? Does more government control mean less economic opportunity? Why or why not?
Answers
Socialism is a social and economic theory characterized by public ownership of the means of production, distribution, and exchange, which aims to create a more equal and fair society. The advantages of socialism include equitable distribution of wealth, public ownership of resources, and the reduction of class and economic inequality.
The disadvantages of socialism include lack of economic incentives, government control over the economy, and reduced efficiency due to bureaucracy and inefficiencies.Communism, on the other hand, is a political ideology that advocates for a classless society and the abolition of private ownership. In practice, communism is often associated with a single-party system and state control over the economy.In a command economy, the government determines what is produced, how much is produced, and what the prices are. This often leads to inefficiencies and a lack of innovation, as there is little incentive for individuals or businesses to be innovative or efficient when the government controls the economy.However, more government control does not necessarily mean less economic opportunity. In some cases, government intervention can lead to greater economic stability and growth. the advantages and disadvantages of socialism depend on the specific context and implementation, and that there is no one-size-fits-all solution. socialism is a social and economic theory that aims to create a more equal and fair society through public ownership of the means of production, distribution, and exchange. While socialism has some advantages, such as equitable distribution of wealth and reduced inequality, it also has some disadvantages, such as lack of economic incentives and government control over the economy.
Communism is a related ideology that advocates for a classless society, but is often associated with single-party systems and state control over the economy. In a command economy, the government determines what is produced, how much is produced, and what the prices are, which can lead to inefficiencies and a lack of innovation. Ultimately, the advantages and disadvantages of socialism and government control depend on the specific context and implementation.
to know more about socialism visit:
brainly.com/question/28218484
#SPJ11
Other Questions
the ""golden rule"" taught by various religious groups over hundreds of years provides evidence that god created man in his image. What must be the price of a $2000 bond with a 5.5% coupon rate, annual coupons, and 15 years to maturity if the YTM is 8.1% ? a. 2180.66 b. $1869.13 c. $1246.09 d. $1557.61 HELP ME PLEASE!!!!!!!!!!!! Badger Corporation expects to have net income next year of $20.5 million and Bad- ger's invested projects expect to generate free cash flows of $23 million in the same year. Its marginal corporate tax rate is 20%. If Badger Corporation increases its leverage so that its interest expenses rise by $1 million for next year, would its net income or free cash flow be affected more? By how much? Antonym 21. It seemed to her that he was very DECENT,A) dishonestB) be tired ofC) fatD) handsomeE) Unhealthy math 425 finish the example from class: x ~ uniform (0,1), (y[x = x) ~uniform(0, x). find var[y] A process is in the 'ready' state whena. The process is waiting to be selected by the dispatcher processb. The Process instructions are being executedc. The process is waiting for some I/O event to occurd. The process that has just been created but has not yet been admitted to the pool of executable processes by the OS. What british band was the first to reach the top of the american charts? Which element of Matisse's Harmony in Red (The Red Room) creates a visual contradiction to the work's title?a) its representation of spatial depthb) its use of colorc) its use of negative spaced) its placement of vantage point What do you notice about the difference in the structure between the atria and ventricles?. You are to repay a loan of $3800.00 with 19 monthly repayments of $210.00, with the first repayment being one month after you took out the loan. Interest is charged at j12 = 8.1510% p.a. One month after the last payment of $210.00 you make a partial payment to finish paying off the loan. The size of the partial payment is: O 1) $78.55 O 2) $68.60 O 3) $78.02 O | 4) $78.38 From 1941 to 1943, stalin was most interested in securing a guarantee that britain and the united states would. are a fast and efficient way of transmitting frequently recurring messages to which receiver reaction is likely favorable or neutral. According to the usgs summary of united states water use in 2005, how often does the usgs compile and estimate water-use information in cooperation with state, federal, and local agencies to document how the nations water resources are used?. Who is responsible for granting waivers section 889. The principle by which an insurance company paying a claim can sue another party responsible for the damages is ________.Group of answer choicesA. subrogationB. indemnificationC. liabilityD. transferenceE. compensation How did the montreal protocol help to protect the ozone layer?. How long until the habitat affected returns to pre stochastic event condition after fire in savanna? please be specific on time and how it will happen in which type(s) of conjugation event are donor bacterial genes transferred to the recipient? question 11 options: f x f- hfr x f- f' x f- use the chart to multiply the binomial by the trinomial. which polynomial is the correct product? 15y3 17y2 22y 15 6y3 17y2 22y 15 6y3 20y2 22y 15 6y3 17y2 22y 25