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Day fines are fines that are based on a sliding scale. The amount of money a person actually pays for an offense is based on their income. The term “day fine” refers to a fine that is equivalent to a certain number of days of work for the offender. Note that day fines are not progressive like income tax- people with higher incomes do not pay a higher percentage of their income. Also not that day fines are based on income and may not account for wealth. Two individuals with the same income would likely pay the same amount as a day fine, even if one owned millions of dollars of assets and the other owned no assets. What are your thoughts on day fines? Are day fines fair? Would they work in the US?
Winston Enterprises would like to buy some additional land and build a new factory. The anticipated total cost is $139.65 million. The owner of the firm is quite conservative and will only do this when the company has sufficient funds to pay cash for..
How much more money is required to fund an ordinary perpetuity than a 35-year ordinary annuity, if the funds can earn 8% compounded quarterly, and both pay $700 monthly? (Do not round intermediate calculations and round your final answer to 2 decimal..
Assume a Canadian firm iniates direct foreign investment in the U. S. the Canadian dollar is expected to depreciate against the U. S. dollar. The C$ dollar value of earnings remitted to the parent Canadian company should:
The _____ is the time period that elapses from the point when the firm uses the raw materials in manufacturing a finished good to the point when the finished good is sold. In the EOQ model, if carrying costs increase while all other costs remain unch..
A 1987 advertisement in the New Yorker solicited offers on a 1967 Mercury Cougar XR7 (Motor Trend's 1967 car of the year) that had been stored un-driven in a climate controlled environment for 20 years. If the original owner paid $4000 for this car i..
Ward Corp. is expected to have an EBIT of $2,400,000 next year. Depreciation, the increase in net working capital, and capital spending are expected to be $175,000, $105,000, and $125,000, respectively. All are expected to grow at 18 percent per year..
The Losers company has sales of 19,500, costs of 17,300, depreciation expense of 1650 and interest expense of 1460. If the tax rate is 35 percent, what is the operating cash flow or OCF?
Kindle Fire Prevention Corp. has a profit margin of 4.8 percent, total asset turnover of 2.0, and ROE of 19.34 percent. What is this firm’s debt–equity ratio?
Explain where in the consolidated Financial Statements of Group X would you find evidence of a S i Non Controlling Interest (NCI) using AASB - provide the relevant paragraphs of the AASB Standards for all of the following requirements:
Computing annuity payment: John Harper has borrowed $17,400 to pay for his new truck. The annual interest rate on the loan is 9.4 percent, and the loan needs to be repaid in four payments. What will be his annual payment if he begins his payment begi..
Using the P/E ratio approach to valuation, calculate the value of a share of stock.
Lintron Inc issued corporate bonds to finance the purchase of a new plasma die cutting machine. The bonds are currently selling for $1035.50 and have 8 years remaining until maturity. The market interest rate is 5.4% annually. Calculate the semi-annu..
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