To calculate the equivalent uniform annual cost of the grinding machine, we need to take into account its initial cost, salvage value, annual maintenance expenses, and the interest rate.
Using the formula for equivalent uniform annual cost (EUAC), we have:
EUAC = (P - S + A*(P/A,i,n)) / (P/A,i,n)
where:
P = initial cost = $24,000
S = salvage value = $8,000
A = annual maintenance expenses = $350
i = interest rate = 8% or 0.08
n = useful life = 13 years
First, let's calculate the factor (P/A,i,n):
(P/A,i,n) = (1 - (1+i)^-n) / i
(P/A,0.08,13) = (1 - (1+0.08)^-13) / 0.08
(P/A,0.08,13) = 6.4247
Now we can substitute the values in the EUAC formula:
EUAC = (24000 - 8000 + 350*(24000/6.4247)) / (24000/6.4247)
EUAC = $4,206.25 per year
Therefore, the equivalent uniform annual cost of the grinding machine is $4,206.25 per year.
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A contract to sell pry bars (used to open locked doors) and screwdrivers to a buyer who intends to use them as burglar's tools will not be void as illegal in State X even if the seller knows of the buyer's unlawful intention before the sale. (Assume that the sale of pry bars and screwdrivers is legal in State X.)
True
False
The statement "A contract to sell pry bars (used to open locked doors) and screwdrivers to a buyer who intends to use them as burglar's tools will not be void as illegal in State X even if the seller knows of the buyer's unlawful intention before the sale." is true.
In State X, the sale of pry bars and screwdrivers is legal, regardless of the buyer's intention to use them as burglar's tools. Therefore, the contract to sell these items is not void as illegal, even if the seller is aware of the buyer's unlawful intention.
However, if the seller actively participates in or encourages the buyer's illegal activities, they may still be held liable. It is important for sellers to be cautious and not knowingly contribute to illegal activities, but they are not responsible for the actions of the buyer once the sale is complete.
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control is a(n) cybernetic process that requires continual attention and process improvement from managers to stay on course.
The control is a cybernetic process that needs ongoing management oversight and process improvement to stay on track. Cybernetics is the study of control and communication in machines and living organisms.
In management, control refers to the process of monitoring and regulating organizational activities to ensure that they align with the goals and objectives of the organization. This process requires continual attention and process improvement from managers to ensure that the organization stays on course and achieves its desired outcomes. Without proper control, the organization may deviate from its intended course and fail to achieve its goals.
In the context of management, control refers to the process of monitoring and regulating organizational activities to ensure that goals are achieved efficiently and effectively. Cybernetic control is a feedback-based approach that allows managers to adjust their actions based on the information received about the performance of the organization. This continual attention to the feedback loop enables managers to identify any deviations from the desired course and make necessary adjustments to keep the organization on track.
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wildhorse co. accepted a visa card in payment of a $375 lunch bill. the bank charges a 4ee. what entry should wildhorse make?
The journal entry would be Dr. Accounts Receivable/Cash $360; Cr. Sales/Service Revenue $375; Dr. Bank Charges/Credit Card Fees $15; and Cr. Accounts Receivable/Cash $15.
To record the transaction where Wildhorse Co. accepted a Visa card in payment of a $375 lunch bill and the bank charges a fee, Wildhorse should make the following journal entry:
1. Debit "Accounts Receivable" or "Cash" for the net amount received, which is the lunch bill amount minus the bank fee.
2. Credit "Sales" or "Service Revenue" for the total lunch bill amount of $375.
3. Debit "Bank Charges" or "Credit Card Fees" for the bank fee amount.
4. Credit "Accounts Receivable" or "Cash" for the bank fee amount.
To calculate the net amount received, you will need to know the percentage of the bank fee. For example, if the bank charges a 4% fee, the calculation would be:
Bank fee amount = $375 * 0.04 = $15
Net amount received = $375 - $15 = $360
So, the journal entry Wildhorse should make would be:
1. Debit "Accounts Receivable" or "Cash" for $360.
2. Credit "Sales" or "Service Revenue" for $375.
3. Debit "Bank Charges" or "Credit Card Fees" for $15.
4. Credit "Accounts Receivable" or "Cash" for $15.
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What is the multiplier if an increase in investment spending of $20 million results in a $200 million increase in equilibrium real gdp?
The multiplier (also known as the investment multiplier) is the ratio of the change in equilibrium real GDP to the change in investment spending. In this case, the increase in equilibrium real GDP is $200 million, and the increase in investment spending is $20 million. To calculate the multiplier, you can use the formula:
The multiplier i can be calculated using the formula:
multiplier i = (change in equilibrium real gdp) / (change in investment spending)
In this case, the change in equilibrium real gdp is $200 million and the change in investment spending is $20 million.
So, the multiplier i would be:
multiplier i = $200 million / $20 million = 10
Therefore, the multiplier i is 10.
So, the multiplier is 10. This means that an increase in investment spending of $20 million results in a $200 million increase in equilibrium real GDP.
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The ratio of the change in equilibrium real GDP to increase in equilibrium real the change in investment spending is known as the multiplier, or investment multiplier.
In this instance, the rise in investment spending is $20 million, whereas the increase in equilibrium real GDP is $200 million. You can use the following formula to determine the multiplier:
The following formula can be used to determine the multiplier multiplier i is equal to the difference between the equilibrium real GDP and the investment spending.In this instance, the change in investment spending is $20 million, but the change in equilibrium real GDP is $200 million. Therefore, multiplier i would be as follows: multiplier i= $200,000,000 / $20,000,000 = 10.Consequently, i's multiplier is 10. The multiplier is therefore 10. This implies that a rise in a $20 million investment expenditure raises equilibrium real GDP by $200 million.
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An investment will pay you $100,000 in 9 years. Assume the appropriate discount rate is 5.5 percent compounded daily. What is the present value? (Use 365 days in a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value ____
Using the formula for present value of a single sum:
PV = FV / (1 + r/n)^(n*t)
PV = 100,000 / (1 + 0.055/365)^(365*9)
PV = 100,000 / (1.057484)^(3285)
PV = 100,000 / 0.573077
PV = $174,401.08
Therefore, the present value of the investment is $174,401.08.
To find the present value of an investment that will pay you $100,000 in 9 years, with a 5.5% discount rate compounded daily, you'll need to use the following formula:
Present Value = Future Value / (1 + (Discount Rate / Number of Compounding Periods))^(Years * Number of Compounding Periods)
Here are the steps to calculate the present value:
1. Convert the discount rate to a decimal: 5.5% = 0.055
2. Divide the discount rate by the number of compounding periods in a year (365 days): 0.055 / 365 ≈ 0.000150684
3. Add 1 to the result from step 2: 1 + 0.000150684 ≈ 1.000150684
4. Calculate the exponent, which is the number of years (9) multiplied by the number of compounding periods in a year (365 days): 9 * 365 = 3285
5. Raise the result from step 3 to the power of the exponent from step 4: 1.000150684^3285 ≈ 1.668858
6. Finally, divide the future value ($100,000) by the result from step 5: $100,000 / 1.668858 ≈ $59,881.45
So, the present value of the investment is $59,881.45.
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Some countries' philosophy of financial reporting differs from GAAP because their financial reports are required to conform to tax law.true/false
The given statement "Some countries' philosophy of financial reporting differs from GAAP because their financial reports are required to conform to tax law." is true because some countries have financial reporting requirements that differ from generally accepted accounting principles (GAAP) because their financial reports are required to conform to tax laws.
In these countries, financial statements must comply with tax regulations, which may differ from GAAP. This is particularly true for countries that have a tax-based system of accounting, where the tax rules determine the timing and recognition of revenues and expenses. As a result, financial reports prepared in these countries may have significant differences from those prepared under GAAP.
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a company purchased inventory as follows: 200 units at $6.00 300 units at $6.60 the average unit cost for inventory is group of answer choices $6.00. $6.30. $6.36. $6.60.
The average unit cost of inventory is an important metric used in accounting to determine the cost of goods sold and the value of inventory on a company's balance sheet. In this particular scenario, the company purchased 200 units of inventory at $6.00 each and 300 units at $6.60 each.
To determine the average unit cost of the inventory, the total cost of all units purchased needs to be divided by the total number of units purchased.
The total cost of the inventory purchased can be calculated by multiplying the number of units purchased by their respective prices and then adding those values together. In this case, the total cost of the 200 units purchased at $6.00 each is $1,200 ($6.00 x 200).
The total cost of the 300 units purchased at $6.60 each is $1,980 ($6.60 x 300). Adding those two values together, the total cost of all inventory purchased is $3,180.
To determine the average unit cost of the inventory, the total cost of all units purchased ($3,180) needs to be divided by the total number of units purchased (200 + 300 = 500). The result is an average unit cost of $6.36.
Therefore, the correct answer choice is $6.36. This information can be used by the company to accurately calculate the cost of goods sold and the value of inventory on their balance sheet. It is important for companies to keep track of their average unit cost to ensure they are pricing their products appropriately and maintaining profitability.
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1.) You own $1 million par amount of the UST 3 1/4 30 year bond. What is the dollar value of this holding?2.) Off of question #1m if the UST yields fall 25 bps... What is the new dollar value of the 3 1/4, 30-year bond?3.) You buy a municipal bond with a tax-free YTM of 2.50%. If your effective tax rate is 35%, what is the taxable-equivalent YTM on this municipal bond?
1. The dollar value of the holding is $1,000,000.
2. If the UST yields fall 25 bps, the new dollar value of the 3 1/4, 30-year bond would increase by approximately $25,900.
3. The taxable-equivalent YTM on the municipal bond would be 3.85%.
1. This is because the par amount of the bond is $1,000,000 and par value represents the face value of the bond.
2. This is because when yields fall, bond prices rise, and the increase in price can be calculated using bond pricing formulas.
3. This is because the tax-free YTM of 2.50% needs to be adjusted for the tax benefit of owning a municipal bond, which is exempt from federal income tax. The taxable-equivalent yield is calculated by dividing the tax-free yield by (1 - effective tax rate), which in this case is (1 - 0.35) = 0.65. Therefore, 2.50% / 0.65 = 3.85%.
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using the balance sheets for kellman company if net income is $117,600 and interest expense is 41,300 for year 2 what is the return on stockholders equity for Year 2?
a. 6.9% b. 14.5% c. 16.04% d. 13.8%
To calculate the return on stockholders equity (ROE), we need to use the following formula: ROE = Net Income / Average Stockholders' Equity. the closest answer choice to this calculation is option c. 16.04%.
We are given the net income for Year 2 as $117,600. However, we need to calculate the average stockholders' equity for Year 2 using the following formula: Average Stockholders' Equity = (Beginning Stockholders' Equity + Ending Stockholders' Equity) / 2
We can find the beginning and ending stockholders' equity from the balance sheets for Year 1 and Year 2: Year 1: Stockholders' Equity = $560,000
Year 2: Stockholders' Equity = $680,000
Now, we can calculate the average stockholders' equity:
Average Stockholders' Equity = ($560,000 + $680,000) / 2= $620,000
Therefore, we can calculate the return on stockholders' equity for Year 2:
ROE = Net Income / Average Stockholders' Equity
= $117,600 / $620,000
= 0.18935
Multiplying by 100 to convert to a percentage gives us: ROE = 18.935%
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The founders of Warby Parker were most concerned about disruption coming from:
a. Their major existing competitors
b. Copycat firms invading their market
c. Failing product quality
d. Three or four folks in a dorm room somewhere coming up with a better idea than theirs.
"Real, 'win' and waterline are all concepts we learned from:
a. The EpiPen Case
b. Matt Williams and Steve Jobs' thoughts on team effectiveness
c. Bill Gore
d. Warby Parker
Darwin's most well known theory says that 'survival of the fittest' determines what species lives or dies. But he also had another theory that is very applicable to capitalism as well. It says that failure to adapt to changing environmental conditions is threatening to life. BOTH of these Darwinian theories apply to strategies in today's highly competitive global business environment.
True
False
The founders of Warby Parker were most concerned about disruption coming from "Three or four folks in a dorm room somewhere coming up with a better idea than theirs." The statement is True.
Three or four folks in a dorm room somewhere coming up with a better idea than theirs., Warby Parker. These statements are True. This is because Warby Parker was founded on the premise of offering an innovative, disruptive solution to the traditional eyewear industry by selling affordable, stylish glasses online, and delivering them directly to customers' homes.
The concept of "real, win, and waterline" is a framework that Warby Parker co-founder Neil Blumenthal learned during his time at the Wharton School of Business. It refers to three levels of business success: achieving the baseline or "real" objectives, winning against the competition or "win" objectives, and reaching the aspirational or "waterline" objectives. The framework helps to align business goals and metrics across different functions and teams, and to prioritize strategic initiatives based on their potential impact on different levels of success.
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select all that apply a manufacturing cycle efficiency of 40% means that ___. multiple select question. 40% of the company's time is spent on non-value added activities the typical order is being worked on 40% of the time value-added activities are being performed 40% of the time value-added activities are being performed 60% of the time
A manufacturing cycle efficiency of 40% means that value-added activities are being performed only 40% of the time, while non-value added activities consume the remaining 60% of the time. Option A and D.
In other words, out of the total manufacturing cycle time, 40% is spent on activities that add value to the product or service, while 60% of the time is spent on activities that do not add value. This indicates that there is significant room for improvement in the manufacturing process.
To improve the efficiency of the manufacturing cycle, it is essential to identify and eliminate non-value added activities. Non-value added activities are those that do not directly contribute to the quality, functionality, or aesthetics of the product or service.
Examples of non-value added activities include waiting, excess motion, rework, inspection, and transportation. By eliminating these activities, the manufacturing cycle time can be reduced, and the efficiency can be improved.
Increasing the proportion of value-added activities in the manufacturing cycle is another way to improve efficiency. This can be achieved by streamlining the manufacturing process, improving the quality of raw materials and components, and optimizing the production line. By focusing on value-added activities, the company can maximize its productivity and profitability.
In conclusion, a manufacturing cycle efficiency of 40% indicates that there is a significant scope for improvement in the manufacturing process. By eliminating non-value added activities and increasing the proportion of value-added activities, the company can improve its efficiency, reduce costs, and enhance customer satisfaction. Option A and D.
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The accounting records of Marin Electronics show the following data. Beginning inventory 3,500 units at $4 Purchases 9,000 units at $6 Sales 9,700 units at $10 (a) Determine cost of goods sold during the period under a periodic inventory system using the FIFO method. (Round answer to 0 decimal places, e.g. 1,250.) FIFO Cost of goods sold during the period
Using the FIFO (First-In, First-Out) method the cost of goods sold will be calculated based on the cost of the first available units in inventory.
To calculate the cost of goods sold, first, we need to calculate the cost of goods available for sale: Initial inventory: 3500 units x $4 = $14 000, Purchases: 9000 units x $6 = $54 000. The total cost of goods available for sale: $14 000 + $54 000 = $68 000.
Next, we must determine the cost of goods sold: Of the 9700 units sold, we first assume that 3500 units of beginning inventory were sold, followed by 6200 units of purchases. Cost of beginning inventory: 3500 units x $4 = $14,000 Cost of purchases sold: 6200 units x $6 = $37,200 Total cost of goods sold: $14,000 + $37,200 = $51,200.
Therefore, using the FIFO method, the cost of goods sold during the period is $51,200.
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\2 Consider a bond with a 7% annual coupon and a face value of $1,000. Complete the following table.
years to maturity-3-3-6-9-9
yield to maturity-5-7-7-7-9
current price-x-x-x-x-x
just figure out current price please
Consider a bond with a 7% annual coupon and a face value of $1,000 can figure out the cost of this bond price using a financial calculator by entering the following information.
Bond maturity: N=3 Face value: FV=1000 Annual coupon payment: PMT=7% *1000=70 Yield to maturity: I/Y=6.69% next calculate the price; CPT PV=1,008182
Consequently, the current cost is $1,008.18.Current Yield is equal to 0.0642 or 6.42.
We will apply the bond price formula to determine the bond's current price. We presume that the specified interest rate is expressed in yearly terms. Due to the bond's semi-annual nature, the coupon payment, number of periods, and semi-annual yield target will be as follows: Coupon Payment (C) = 1000 * 0.06 * 6/12 = $30. Total periods (n) = 9*2 = 18, where ror YTM = 0.05 * 6/12 = 0.025 or 2.5%. The attached formula is used to get the current bond price.
Complete question:
\2 Consider a bond with a 7% annual coupon and a face value of $1,000. Complete the following table.
years to maturity-3-3-6-9-9
yield to maturity-5-7-7-7-9
current price-x-x-x-x-x
just figure out current price please.
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direct materials include factory supplies, hand tools and replacement parts is called?
Direct materials include factory supplies, hand tools and replacement parts is called. false
Direct materials refer to the raw materials or components that are directly used in the production process and become an integral part of the finished product. They can be physically and directly traced to the end product. Examples of direct materials include lumber for furniture production, steel for car manufacturing, and fabric for clothing production.
On the other hand, factory supplies, hand tools, and replacement parts are considered indirect materials as they do not directly become part of the finished product. Indirect materials are usually consumed in the production process but are not directly traceable to the end product.
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Full Question : direct materials include factory supplies, hand tools and replacement parts is called? True / false
Improvements in production technology leads to
Group of answer choices
PPC to shift downwards
PPC to shift upwards
Operate inside PPC
No change in PPC
Improvements in production technology typically lead to a shift upwards in the production possibility curve (PPC), as it allows for more efficient use of resources and increased productivity.
This means that with the same amount of resources, more goods and services can be produced. However, if the improvements in technology are not significant, there may be no noticeable change in the PPC. It is also possible for improvements in technology to enable production outside of the original PPC, expanding the possibilities for economic growth.
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Using a periodic inventory system, the buyer’s journal entry to record the payment for merchandise within the discount period includes a:
Select one:
A. Debit to Cost of Goods Sold
B. Credit to Purchase Discounts
C. Debit to Inventory
D. Credit to Accounts Payable
Using a periodic inventory system, the buyer’s journal entry to record the payment for merchandise within the discount period includes a debit to Accounts Payable. The Option D.
What is record for payment for merchandise?If you buy something for cash, the accounts involved in the transaction are the purchases account and the cash account. The cash account is credited and the purchases account is debited.
When a company sells merchandise inventory, two journal entries are required: the first entry records the revenue from the sale at the selling price, and the second entry decreases the inventory account and records the sale expense at cost.
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why is it not good to use a circuit protection devices to protect large motors from overload condditions
it is not advisable to use circuit protection devices such as fuses or circuit breakers to protect large motors from overload conditions because large motors have high starting currents that can temporarily exceed the normal operating current.
If the circuit protection device is too sensitive, it may trip or blow during start-up, even though the motor is operating normally. This can cause nuisance tripping and downtime, leading to increased maintenance costs and reduced productivity. Additionally, circuit protection devices may not be able to protect the motor from certain types of overloads, such as those caused by high ambient temperatures or sudden changes in load. Therefore, it is recommended to use overload protection devices specifically designed for large motors, such as overload relays or thermal protectors, which can provide more accurate and reliable protection.
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In Maslow's need hierarchy theory, providing a work environment where employees are not worried about physical or psychological harm fulfills what level? O physiological esteem O love safety self-actualization
In Maslow's hierarchy of needs , providing a work environment where employees are not worried about physical or psychological harm fulfills the "safety" level. Option d is answer.
Providing a work environment where employees are not worried about physical or psychological harm fulfills the safety needs level in Maslow's need hierarchy theory. This includes job security, a safe and healthy work environment, and protection from physical and emotional harm. Once the safety needs are met, individuals can move on to fulfilling their esteem and self-actualization needs.
Option d is answer.
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Suppose you know a company's stock currently sells for $60 per share and the required return on the stock is 14 percent. You also know that the total return on the stock is evenly divided between a capital gains yield and a dividend yield.
If it's the company's policy to always maintain a constant growth rate in its dividends, what is the current dividend per share?
Multiple Choice
$4.20 (Incorrect)
$3.73
$7.85
$3.93
$4.27
The current dividend (D0) multiplied by the dividend growth rate (g) will equal D1. The correct answer is $3.93.
Using the formula for steady growth, we can solve for the present dividend per share.
To solve this first, we need to find the component parts of the total return. We know that the required return is 14%, so the capital gains yield must be 7% (half of 14%).
Next, we can use the constant growth formula to find the dividend yield:
Dividend yield = (Required return - Capital gains yield) / Dividend growth rate
We know that the required return is 14% and the capital gains yield is 7%, so:
Dividend yield = (0.14 - 0.07) / Dividend growth rate
Simplifying:
Dividend yield = 0.07 / Dividend growth rate
We don't know the dividend growth rate yet, but we do know that the company maintains a constant growth rate in its dividends. This means we can use the dividend discount model (DDM) to solve for the dividend growth rate:
Stock price = D1 / (r - g)
Where:
- Stock price = $60
- D1 = Next year's dividend
- r = Required return = 14%
- g = Dividend growth rate
We're solving for g, so we can rearrange the formula:
g = (D1 / Stock price) - r
We know that D1 will be equal to the current dividend (D0) times the dividend growth rate (g):
D1 = D0 * (1 + g)
Substituting into the DDM formula:
60 = D0 * (1 + g) / (0.14 - g)
Simplifying:
8.4 - 0.6g = D0
Now we can substitute this expression for D0 into the dividend yield formula:
Dividend yield = 0.07 / (8.4 - 0.6g)
And we can substitute the given values for the capital gains yield and required return:
0.07 = (0.14 - 0.07) / (8.4 - 0.6g)
Simplifying:
0.07(8.4 - 0.6g) = 0.07
0.588 - 0.042g = 0.07
0.042g = 0.482
g = 0.482 / 0.042
g = 11.48%
Now that we know the dividend growth rate, we can solve for the current dividend per share using the constant growth formula:
D0 = D1 / (1 + g)
D0 = D1 / 1.1148
D0 = 0.07 / 1.1148
D0 = $0.0626 per share stock
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Basic on the general principle of entry modes for international expansion in Chapter 7, order the following in terms of the degree of ownership, control, and the extent of risk (which are correlated). Highest level of local ownership, control, and risk
A. When a restaurant chain, Sally's Salads, forges an agreement with local entities to run storefronts bearing the "Sally's Salads" restaurant name in order to sell its menu items to new markets
B. When a maker of playing cards begins to sell its products to a foreign market
C. When a pharmaceutical firm forms a partnership with another pharma firm to develop a medical intervention
D. When Walmart possesses ASDA in the United Kingdom as one of its portfolio companies Lowest level of local ownership, control, and risk
A. When a restaurant chain, Sally's Salads, forges an agreement with local entities to run storefronts bearing the "Sally's Salads" restaurant name in order to sell its menu items to new markets - This is an example of franchising, where the local entities have a high level of ownership and control over the operations, but also a higher level of risk as they are investing in the business.
C. When a pharmaceutical firm forms a partnership with another pharma firm to develop a medical intervention - This is an example of a joint venture, where both parties have a significant level of ownership and control over the venture, but also a higher level of risk due to the shared investment.
B. When a maker of playing cards begins to sell its products to a foreign market - This is an example of exporting, where the company has minimal ownership and control in the foreign market, but also a lower level of risk as they are not investing heavily in the market.
D. When Walmart possesses ASDA in the United Kingdom as one of its portfolio companies - This is an example of acquisition, where Walmart has a high level of ownership and control over ASDA, but also a lower level of risk as they are acquiring an established company with an existing customer base.
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complete the following table by identifying whether the demand for a good is unit elastic, inelastic, elastic, perfectly inelastic, or perfectly elastic in each of the following scenarios.Price rises by 10, and quantity demanded falls by 2% Price falls by 5%, and quantity demanded rises by 4% Price falls by 6%, and quantity demanded does not changes Prices by 29, and quantity demanded falls by 4. o
The demand of a good in each scenario is:
Price rises by 10, and quantity demanded falls by 2% - inelastic,
Price falls by 5%, and quantity demanded rises by 4% - elastic,
Price falls by 6%, and quantity demanded does not changes - unit elastic,
Prices by 29, and quantity demanded falls by 4 - inelastic.
The classification of the demand of a good in the given scenario is as follows:A) Price rises by 10, and quantity demanded falls by 2%. The demand is inelastic.
The percentage change in quantity demanded is less than the percentage change in price, indicating that demand is relatively unresponsive to changes in price, hence it is inelastic.
B) Price falls by 5%, and quantity demanded rises by 4%. The demand is elastic.
The percentage change in quantity demanded is greater than the percentage change in price, indicating that demand is relatively responsive to changes in price, hence it is elastic.
C) Price falls by 6%, and quantity demanded does not change. The demand is unit elastic.
The percentage change in quantity demanded is equal to the percentage change in price, indicating that demand is neither relatively responsive nor unresponsive to changes in price, hence it is unit elastic.
D) Prices by 29, and quantity demanded falls by 4%. The demand is inelastic.
The percentage change in quantity demanded is less than the percentage change in price, indicating that demand is relatively unresponsive to changes in price, hence it is inelastic.
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a used car dealership had sales revenues of $2 million last year. it spent $1.2 million on labor, $250,000 on capital and $400,000 on materials. what was the dealership’s accounting profit?
The accounting profit for the used car dealership is $150,000.
To find the dealership's accounting profit, we need to subtract its costs (labor, capital, and materials) from its sales revenues. The question states that the used car dealership had sales revenues of $2 million last year. It spent $1.2 million on labor, $250,000 on capital, and $400,000 on materials.
To calculate the accounting profit, follow these steps:1. Add the costs together:
$1,200,000 (labor) + $250,000 (capital) + $400,000 (materials) = $1,850,000 (total costs)
2. Subtract the total costs from the sales revenues:
$2,000,000 (sales revenues) - $1,850,000 (total costs) = $150,000
The dealership's accounting profit last year was $150,000.
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The accounting profit for the used car dealership is $150,000.
To find the dealership's accounting profit, we need to subtract its costs (labor, capital, and materials) from its sales revenues. The question states that the used car dealership had sales revenues of $2 million last year. It spent $1.2 million on labor, $250,000 on capital, and $400,000 on materials.
To calculate the accounting profit, follow these steps:1. Add the costs together:
$1,200,000 (labor) + $250,000 (capital) + $400,000 (materials) = $1,850,000 (total costs)
2. Subtract the total costs from the sales revenues:
$2,000,000 (sales revenues) - $1,850,000 (total costs) = $150,000
The dealership's accounting profit last year was $150,000.
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Find the compound in interest and amount on $35,000 for 1 year at 12 compounded quarterly at the rate 0f 12% p.a
The compound interest on $35,000 for 1 year at 12% compounded quarterly is $4,208.46.
To find the compound interest and amount on $35,000 for 1 year at 12% compounded quarterly, we can use the formula:
A = P(1 + r/n)^(nt)
where A is the amount, P is the principal (in this case, $35,000), r is the annual interest rate (12%), n is the number of times the interest is compounded per year (4 for quarterly), and t is the time in years (1).
First, let's calculate the quarterly interest rate:
i = r/n = 12%/4 = 3%
Now we can substitute the values into the formula:
A = 35,000(1 + 3%/4)^(4*1)
A = 35,000(1.03)^4
A = 39,208.46
So the amount after 1 year with quarterly compounding is $39,208.46.
To find the compound interest, we can subtract the principal from the amount:
Compound interest = A - P
Compound interest = 39,208.46 - 35,000
Compound interest = 4,208.46
Therefore, the compound interest on $35,000 for 1 year at 12% compounded quarterly is $4,208.46.
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Heloise and Abelard produce letters in a perfectly competitive industry. Heloise is much better at it than Abelard: On average, she can produce letters for half the cost of Abelard’s. True or False: if Heloise and Abelard are both maximizing profit, the last letter that Heloise produces will cost half as much as the last letter written by Abelard. Explain your answer.
It is false to say about perfectly competitive industry as, While Heloise can write letters more affordably than Abelard, the final letter she writes won't necessarily cost half as much as the final letter Abelard sent.
False. While it is true that Heloise can produce letters at a lower cost than Abelard, the last letter that Heloise produces will not necessarily cost half as much as the last letter written by Abelard. This is because in a perfectly competitive industry, both Heloise and Abelard will set their prices equal to their marginal costs. Marginal cost is the cost of producing one additional unit of a good, and it varies depending on the level of production. Even if Heloise's average cost is half that of Abelard's, her marginal cost may not be exactly half of Abelard's marginal cost. Therefore, the price of the last letter produced by Heloise and Abelard will depend on their respective marginal costs at that point, not just their average costs.
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Is the decrease in a bond's price corresponding to an increase in its yield to maturity more or less than the price increase resulting from a decrease in yield of equal magnitude? The increase will be smaller than the decrease in price. The increase will be larger than the decrease in price.
The decrease in a bond's price corresponding to an increase in its yield to maturity is typically larger than the price increase resulting from a decrease in yield of equal magnitude.
This is because as yields increase, investors demand a higher return on their investment, which means they are willing to pay less for the bond.
Conversely, as yields decrease, investors are willing to pay more for the bond, but the price increase is usually not as significant as the decrease in price resulting from an increase in yield
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when using 360-degree performance evaluation, in order to make this approach effective, the evaluation results should be always linked to pay raise or promotion decisions.(True/False)
False. While 360-degree performance evaluations can be useful for informing pay raise or promotion decisions, it is not necessary for the evaluation results to be directly linked to these decisions in order for the approach to be effective.
The primary goal of 360-degree evaluations is to provide comprehensive feedback on an employee's performance from multiple perspectives, which can be valuable in identifying strengths and weaknesses and informing professional development plans.
False. While 360-degree performance evaluations can provide valuable insight into an employee's performance, it is not necessary to always link the evaluation results directly to pay raises or promotion decisions. The primary purpose of this approach is to gather feedback from multiple sources to improve performance and foster professional development.
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47. What name was given to the family based industrial system of South Korea?
Answer: chaebols
Explanation:
The primary risk with this retirement capital needs analysis is the risk of outliving retirement assets. 1. Annuity Method 2. Capital Preservation Method 3. Purchasing Power Preservation Method 1 only 1 and 2 only 1, 2 and 3
Several methods exist to mitigate the risk of outliving retirement assets, including the Annuity Method, the Capital Preservation Method, and the Purchasing Power Preservation Method. Therefore the correct option is 1, 2, and 3.
By employing a combination of these methods (1, 2, and 3), individuals can work to reduce the risk of outliving their retirement assets.
The annuity method involves purchasing an annuity that provides a fixed income for life.
The capital preservation method involves investing in low-risk assets that preserve the initial principal, but may not provide a high return.
The purchasing power preservation method involves investing in assets that provide a return that keeps pace with inflation, preserving the purchasing power of retirement assets.
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Assume that there is a negative aggregate supply shift. The Fed wants to fight unemployment. They will carry out a A neither a dove or hawk policy
B both a dove or hawk policy C dove policy D hawk policy
The answer is C - dove policy.
When there is a negative aggregate supply shift, it means that the overall supply of goods and services in the economy has decreased, causing prices to rise. This can lead to higher unemployment rates as firms may need to lay off workers in response to the increased costs.
In order to combat this, the Fed can pursue expansionary monetary policies, which typically involve lowering interest rates and increasing the money supply in the economy. A dove policy is one that emphasizes expansionary policies to promote economic growth and reduce unemployment, while a hawk policy emphasizes controlling inflation and may involve tighter monetary policies.
In this scenario, since the Fed wants to fight unemployment, it would not pursue a hawk policy. Instead, it would likely choose a dove policy to stimulate economic activity and reduce unemployment.
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Which of the following is an example of vertical integration?
a. Department of Justice's filing of an antitrust suit against the merger
b. The competition between Dish Network and Comcast
c. The intention of Comcast and Time Warner to merge
d. Comcast's acquisition of NBC Universal
The correct answer is d.
Comcast's acquisition of NBC Universal is an example of vertical integration, as it involves the combination of a content provider (NBC Universal) with a distribution platform (Comcast).
The other options do not involve vertical integration - a is about antitrust regulation, b is about competition between two companies, and c is about the intention to merge, but not the actual integration.
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