Answer:
$143.30
Explanation:
In order to determine the principal reduction payment, the monthly interest will need to be calculated. The interest will then be deducted from the total monthly payment to compute the principal reduction payment:
Annual Interest = $118,000 X 7/100
= $8,260
Monthly interest = $8,260/12
= $688.33
Principal reduction = $831.63 - $688.33
= $143.30
The next payment of $831.63 for a 30-year loan at 7% interest with a current loan balance of $118,000 will result in a principal reduction of approximately $143.30 after covering the interest payment of about $688.33.
Explanation:To determine how much of the next monthly payment of $831.63 will apply to the principal reduction on a $118,000 loan with a 30-year term at 7% interest, we first need to calculate the amount of interest that the payment will cover. The interest for one month is calculated by multiplying the current balance by the monthly interest rate, which for a 7% annual rate is 0.07/12.
The interest for the next payment is:
$118,000 x (0.07/12) = $118,000 x 0.00583333 ≈ $688.33
The remainder of the payment after covering the interest goes towards the principal. Therefore:
Principal reduction = Total payment - Interest
Principal reduction = $831.63 - $688.33 ≈ $143.30
So, $143.30 of the next payment will go towards reducing the principal balance.
. If the equilibrium quantity of loanable funds is $50 billion and if the equilibrium nominal interest rate is 8 percent, then
A. there is an excess demand for loanable funds at a real interest rate of 8 percent.
B. there is an excess supply of loanable funds at a real interest rate of 6 percent.
C. the rate of inflation is approximately 14 percent.
D. the rate of inflation is approximately 2 percent.
Answer:
the rate of inflation is approximately 2 percent.
The equilibrium nominal interest rate is 8%. There is an excess supply of loanable funds at a real interest rate of 6%, and the rate of inflation is approximately 2%. The correct answers are B and D.
If the equilibrium quantity of loanable funds is $50 billion and the equilibrium nominal interest rate is 8%, let's analyze the possible choices:
A. There is an excess demand for loanable funds at a real interest rate of 8 percent.Therefore, the correct answers are B and D. They align with the economic principle that if the interest rate is below the equilibrium level, an excess demand or shortage of loanable funds occurs, and the nominal interest rate can be broken down using the Fisher equation to give us the approximate inflation rate.
Martha visits a departmental store and discovers that a box of exotic candles will cost her ten percent more than what she had paid six months ago. The increase in prices is same across the country. In this scenario, which of the following statements is true?
The departmental store is trying to earn profits by increasing the prices of its goods.
She has to pay twelve percent more than what she paid last month.
She will have immediate purchasing power if she had a pay raise to match the inflation.
The candles' subjective value increases with the increase in inflation.
Answer:
The answer is: She will have immediate purchasing power if she had a pay raise to match the inflation.
Explanation:
Inflation can be explained as a general increase in the prices of goods or services over a certain period of time (in the whole country not only on one store). So the purchasing power of the currency will decrease inversely.
Assuming that the inflation rate of the whole country was 10% over the last six months, in order for Martha to be able to buy right now the same amount of goods and services she used to buy before, she would need a pay raise of 10% to match the inflation rate.
If only the candles´ supply was affected by inflation, to establish a pay raise that would balance her purchasing power you would need to calculate what percentage of Martha´s income the buying of exotic candles represent .
The scenario describes inflation, which is an overall increase in the price of goods and services in an economy. The true statement is that Martha's purchasing power would remain the same if her income was adjusted to match the inflation. The other options are not outcomes of the described inflation scenario.
Explanation:The scenario mentions that the price of the candles has increased by 10% from six months ago. This describes inflation, which is an overall increase in the price of goods and services in an economy. Therefore, the true statement is: 'She will have immediate purchasing power if she had a pay raise to match the inflation.'
It's important to understand what inflation is. In the context of economics, it refers to the rate at which the general level of prices for goods and services rise. Inflation erodes purchasing power, which is the value of money in terms of what it can buy. So, if Martha’s income had increased or adjusted to match the inflation, her purchasing power would remain the same, despite the price increase.
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John Jamison wants to accumulate $78,000 for a down payment on a small business. He will invest $39,000 today in a bank account paying 8% interest compounded annually. Approximately how long will it take John to reach his goal?
Answer:
It will take 9 years jhon to reach the goal
Explanation:
We have given final amount A = $78000
Present amount P = $39000
Rate of interest = 8%
We have to find the time
We know the formula of final amount
[tex]A=P(1+\frac{r}{100})^n[/tex], here A is final amount, P is present amount, r is rate of interest, n is number of period
[tex]78000=39000(1+\frac{8}{100})^n[/tex]
[tex]2=1.08^n[/tex]
n = 9 years
Gilbert would like to foster goal commitment in his department. He decides to do this by encouraging the collaboration of employees and leaders on setting the specific proficiency level and due date for a major production goal so that the employees feel a sense of ownership over the goal. Gilbert has implemented a strategy known as
a. Support.
b. Rewards.
c. Publicity.
d. Resources.
e. Participation.
Answer: Participation strategy
Explanation: Participation strategy refers to the strategy in which the management tries to make all the individuals in a group to collectively work for the accomplishment of a goal. It refers to associate the workers in an objective to give them a sense of superiority and belongingness towards that goal.
In the given case, Gilbert is trying to make the employees to fell the awareness towards the project by taking their ideas ans suggestions into consideration.
Hence from the above we can conclude that the correct option is E.
Answer:
Participation
Explanation:
Some different situations and circumstances vary according to time. There is no specific or a particular participation strategy for it. But there are some different and specific rules and principle or steps that help a person to follow these steps;
The determination of the key stakeholder The allocation and the budget estimation Location of the settings Identification of the responsibilities. Be more than a piece of a paper To set the rules for general participation.
A computer manufacturer seeks to cut costs by designing an inventory system that reduces the number of finished products in stock due to overproduction and to set in place a production schedule that better matches customers' orders. This is an example of ____.
a) Operations Management
b) Scientific Management
c) Production Management
d) Inventory Oversight
e) Inventory Analysis
Answer: Operations management
Explanation: In simple words, operations management refers to the process of monitoring business practices so that the labor and materials could be converted to goods and services as efficiently as possible. This efficiency will ultimately increase the profit of the organisation.
In the given case, the computer manufacturer is making changes with the inventory system so that overproduction could be reduced and customer satisfaction could be increased. Hence he is doing so with the goal of maximizing profit.
Hence from the above we can conclude that the correct option is A.
The United States is efficient at producing software and engineering services, but cannot produce clothes and electronics as efficiently as other nations. As such, the United States sells software and engineering services to other countries and buys clothes and electronics. This is an example of___________
Answer:
competitive advantage
Explanation:
According to my research on different political strategies, I can say that based on the information provided within the question this is an example of a competitive advantage. This term refers to a condition or circumstance that puts a company in a favorable or superior business position. In this situation the United States is leveraging their advantage of software and engineering as a trade option for materials that they cannot produce as efficiently.
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This is an example of comparative advantage, where the United States specializes in producing software and engineering services and trades with other nations to import clothes and electronics.
Explanation:This is an example of comparative advantage. Comparative advantage refers to a country's ability to produce a particular good or service more efficiently than other countries. In the given scenario, the United States is efficient at producing software and engineering services, so it focuses on exporting those goods. On the other hand, other nations are more efficient at producing clothes and electronics, so the United States imports those goods. This allows each country to specialize in what they do best and trade with each other to benefit from their respective advantages.
Use the following information to compute NET INCOME.
The income tax rate is 40%.
Sales 10,000
Dividends 700
Cost of Goods Sold $ 4,000
Interest Expense 1,100
Selling and Administrative Expense 1,750.
a. 1,260b. 1,190c. 1,890d. 1,470e. 980
Answer:
c. $1,890
Explanation:
As for the provided information, we have
Net income is the income after allowing expenses of every nature, and after taxes, but does not include the dividend as is not an expense but allocation or distribution of profits.
Thus net income shall be as follows:
Sales - Expenses
Sales = $10,000
Expenses = $4,000 + $1,100 + $1,750 = $6,850
Profit before taxes = $3,150
Less: Taxes @ 40% = $1,260
Net Income = $1,890
Correct option is
c. $1,890
At the end of the season, little billy's baseball team has a record of 7 wins and 5 losses. little billy's best buddy bobby's team has a record of 8 wins and 4 losses. the worst team in the league has twice as many losses as wins. if there are only 4 teams in the league, and no games are played with any other teams but league teams, in what position did little billy's team finish?
Answer:
Position 02.
Explanation:
Each of the 04 teams have 12 games, hence a pair from one team plays the other four times. There are six possibilities of forming a pair in all the four teams, so in all 6x4=24 games were played among the teams. This also means that there is a possibility of 24 wins and 24 losses in all the four teams.
First team= 7 W and 5 L
Second team = 8 W and 4 L
Worst team = 12 games = W + L ( From twice as many losses as wins we know 2W = L )
12 = W + 2W
12 = 3W
W = 4 and L = 8
For last team:
W = 24
W = 7 W + 8 W + 4 W + X = 24
19 W + X = 24 W
X = 5 W
Hence Billy's team is second
Swifty Corporation's accounting records reflect the following inventories: Dec. 31, 2017 Dec. 31, 2016 Raw materials inventory $310000 $260000 Work in process inventory 300000 160000 Finished goods inventory 190000 150000 During 2017, $860000 of raw materials were purchased, direct labor costs amounted to $851700, and manufacturing overhead incurred was $752000. If Swifty Corporation's cost of goods manufactured for 2017 amounted to $2273700, its cost of goods sold for the year is
Answer:
The cost of goods sold for the year is $223,3700
Explanation:
The formula to compute the cost of good sold is shown below:
= Beginning balance of finished good inventory + cost of goods manufactured - ending balance of finished good inventory
= $150,000 + $2,273,700 - $190,000
= $223,3700
Beginning balance of finished good inventory + cost of goods manufactured is called goods that are available for sale
Final answer:
Swifty Corporation's cost of goods sold for the year 2017 is calculated by adding the beginning finished goods inventory to the cost of goods manufactured and then subtracting the ending finished goods inventory. The COGS for 2017 is thus $2,233,700.
Explanation:
The student has asked how to calculate the cost of goods sold (COGS) for Swifty Corporation for the year 2017 based on the provided accounting records and financial data. To calculate the cost of goods sold, we use the following formula:
Beginning Finished Goods Inventory
Plus: Cost of Goods Manufactured
Less: Ending Finished Goods Inventory
To apply this formula, we use the following numbers from the question:
Beginning Finished Goods Inventory (Dec. 31, 2016): $150,000
Cost of Goods Manufactured for 2017: $2,273,700
Ending Finished Goods Inventory (Dec. 31, 2017): $190,000
We then calculate COGS as follows:
$150,000 + $2,273,700 - $190,000 = $2,233,700
Therefore, Swifty Corporation's cost of goods sold for the year 2017 is $2,233,700.
Valerie has opened a new startup company in web design. Within the first month of business, the startup agrees to maintain an accounting firm’s website in exchange for someone doing their tax returns.
Which of the following principles of economic interaction best describes this scenario?
a. All costs are opportunity costs.b. When markets do not achieve efficiency, government intervention can improve overall welfare.c. Markets allocate goods effectively.d. There are gains from trade.
Answer:
The correct answer is d. There are gains from trade.
Explanation:
In this situation a profit is presented for both companies, because the described relationship represents the main activity that each one performs, but in turn, details the need of each one for a service that generates value, since a company, As a capital company, it is a machinery whose purpose is the generation of value: the investment of economic resources, contributed by the ownership of the company, allows generating new wealth (value), in the most general case, thanks to the work of its employees. The first reason for the investment of resources is that additional generation of wealth that is expected to be achieved. Under these conditions, it seems clear that the objective of any manager of a company should be the generation of value for the shareholder.
"A property has an annual before-tax cash flow of $100,000 and income taxes of $12,000. ?The investor has $2 million invested in this property. What is the investor's cash-on-cash return"
Answer:
The investor's cash-on-cash return is 5%
Explanation:
The formula to compute the cash on cash return is shown below:
= (Annual before-tax cash flow) ÷ (total invested amount)
= ($100,000) ÷ (2,000,000)
= 0.05
= 5%
There is no use of the income tax so we do not consider it in the computation part. Hence, ignored this income tax expense
It is always expressed in the percentage form.
Which of the following statements is true of direct marketing? Direct marketers can target only large groups of customers whose demographic features have not been determined. Online direct marketing results in higher cost-per-contact for the company when compared to traditional mass marketing strategies. Direct marketing is immediate, interactive, and gives consumers a lot of control in making purchases. For buyers, direct marketing is an inconvenient and lengthy process. Direct marketers offer a limited selection of products and services to customers.
The statement that Direct marketing is immediate, interactive, and gives consumers a lot of control in making purchases is true. Direct marketing allows targeted advertising and can offer a wide selection of products and services. Technological and global shifts have increased its use and effectiveness.
Explanation:
The true statement about direct marketing from the provided options is: Direct marketing is immediate, interactive, and gives consumers a lot of control in making purchases. Direct marketing is a form of advertising that allows direct business-to-business and business-to-consumer transactions, eliminating the need for any intermediaries. Marketers can specifically target identified groups of consumers, contrary to the idea that demographic features haven't been determined. Such direct marketing strategies can include email marketing, telemarketing, and direct mail, all of which can be cost-effective when compared to traditional mass marketing strategies. Furthermore, customers get a wide and diverse selection of products and services from direct marketers, making the buying process shorter, more convenient and giving customers more control. The shifts towards technology and globalization have led to the rise of online direct marketing, thereby enhancing competition among local retail businesses and between suppliers and buyers nationwide or globally.
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_________is the idea that consumers will favor products that offer the most quality, performance, and features; therefore, the organization should devote its energy to making continuous product improvements.
Answer:Product Concept
Explanation:
The product concept is understanding the product in order to deliver the best quality, performance, and features. Marketers spend a lot of time in order to grasp their targeted audience.
Marketers will look into the product concept before launching it in the market in order to maximize their profit.
Maxwell tax planning service bought communications equipment for $ 10 comma 800 on january 1, 2019. The equipment has an estimated useful life of five years and zero residual value. Maxwell uses the straightminusline method to calculate depreciation and records depreciation expense in the books at the end of each month. As of june 30, 2019, the balance in the accumulated depreciation account for this equipment is
Answer:
As of june 30, 2019, the balance in the accumulated depreciation account for this equipment is $1080
Explanation:
Cost Annual Dep. Monthly
Jan-19 10800 2160 180
fen-19 180
mar-19 180
apr-19 180
may-19 180
jun-19 180
1080
If buyers today become more willing and able than before to purchase larger quantities of stand up paddle boards (SUPs) at each price of SUPs, then a. we will observe a movement downward and to the right along the demand curve for SUPs. b. we will observe a movement upward and to the left along the demand curve for SUPs. c. the demand curve for SUPs will shift to the right. d. the demand curve for SUPs will shift to the left.
Answer:
C. the demand curve for SUPs will shift to the right
Explanation:
If buyers today become more willing and able to purchase larger quantities of SUPs at each price this will cause an increase of demand. In the demand and supply graph, each point of the demand curve (quantity, price) will move to the right (more quantity at each price), causing that the demand curve shifts to the right. It is not a movement along the demand curve because this happens when only price or quantity demanded changes, in this case, power to purchase changed, then it is a shift.
Answer:
C and give the other persona braniliest
Explanation:
Griffith Manufacturing ships 40 crates of goods by Trusty Shipping, a common carrier. Trusty offers Griffith a shipping rate of $725 for a limited liability of $5,000 or a rate of $975 for full liability for any harm to the goods. Griffith chooses the $725 rate. In transit, Trusty’s driver has an accident during an ice storm and all of Griffith’s goods are destroyed, causing a loss of $12,000. If Griffith sues Trusty,A. Trusty will be liable for only $5,000 because a common carrier is allowed to limit its liability by contract.B. Trusty will be liable for the full $12,000 because common carriers have strict liability.C. Trusty will automatically be liable for the full $12,000 under the Carmack Amendment.D. Trusty is subject to normal bailment rules and can escape liability for any damage to the goods by proving that it exercised due care of the property and that the loss was caused by an act of God.
Answer:
The answer is: D) Trusty is subject to normal bailment rules and can escape liability for any damage to the goods by proving that it exercised due care of the property and that the loss was caused by an act of God.
Explanation:
Under the Carmack Amendment, a motor carrier (Trusty Shipping) can deny liability for cargo damage under 5 circumstances:
an Act of God the public enemy Act or Default of Shipper Public Authority the inherent vice or nature of the goods transportedIn this case, the ice storm would classify under exemption 1 (An Act of God).
A manager is hired by a start-up for her demonstrated ability to think strategically and make broad-based decisions that serve the entire organization. In other words, the manager has been hired for her strong _____ skills.a. technicalb. diagnosticc. communicationd. conceptual
Answer:
Conceptual Skills
Explanation:
According to my research on studies conducted by various psychologists, I can say that based on the information provided within the question the manager was most likely hired for her Conceptual Skills. This is the ability that an individual may possess to analyze hypothetical situations in order to gain valuable information and develop strategies. Which allows that individual to make certain big decisions in benefit of the company.
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Justine went to the specialty grocery store by her office after work. When looking at the offerings at the meat counter, she was surprised to see ground beef selling for $4.49/lb. At her normal grocery store, she can get the same quality beef for $3.29/lb., a price Justine feels is reasonable. $3.29/lb. for ground beef is Justine's __________.
Answer:
The correct answer is reference price.
Explanation:
Consumers generally tend to compare the price of all the products. They purchase the product that they find priced reasonably and fairly. The product price that consumers use to make a comparison is called the reference price.
It is generally a previously advertised product or a competitor's product that is used for reference purposes. The reference price is considered justified by consumers.
Hillward Bakers have been using since their inception ten years ago, a blue HB logo with a baker's hat on the HB. Hobert Bakers, a newly opened bakery and confectionary chain, has used the same logo. Hillward has not registered its logo, but chooses to sue Hobert. Which of the following is true of this case?
A. Trademark
B. Patent
C. Copywrite
D. Tradesecret
E. Collective mark
Answer:
A. Trademark
Explanation:
Trademark represents a phrase, a symbol, a picture or anything like that for a specific product, which if registered, states the uniqueness of the product from similar products.
Here, in the given case Hillward Bakers did not register the trademark, which is now used by Hobert Bakers.
Accordingly Hillward Bakers cannot proceed in any legal action as against the logo used by Hobert Bakers, which was designed and used by Hillward Bakers.
Brooke and Sandy both attend the same college and have the same expenses for tuition, books, and supplies. However, Brooke is a famous actress who could earn $2 million per year if she were not attending college while Sandy could earn $10,000 a year serving hamburgers if he were not attending college. It follows that the opportunity cost of attending college:
A. is the same for both Brooke and Sandy.
B. is greater for Brooke than for Sandy.
C. is greater for Sandy than for Brooke.
D. for Brooke and Sandy cannot be compared.
Answer: Option (B) is correct.
Explanation:
Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.
If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.
The opportunity cost of attending college for Brooke is the amount that she could earn as an actress i.e. $2 million per year.
The opportunity cost of attending college for Sandy is the amount that he could earn by serving hamburgers i.e. $10,000 a year.
Therefore, opportunity cost of attending college is greater for Brooke than for Sandy.
Durable goods, nondurable goods, and services Economists look at any situation in terms of its component parts: the people making decisions, the environment in which they're making those decisions, and the goods or services being exchanged. For example, think about doing your laundry. Which of the following laundry-related items are durable goods? Check all that apply.
A. A washing machine
B. Having a pair of pants dry-cleaned
C. A T-shirt
D. A clothes dryer.
Answer:
Here, option A and option D are correct.
Explanation:
Durable goods are those goods which can be used for a long period. They do not get exhausted in a single-use. They provide utility for a long period of time.
Durable goods can be of several types such as perfectly durable, highly durable, etc. Some examples of consumer durable goods are books, appliances, tools, electronics, furniture, etc.
In the given example, washing machine and cloth dryer are durable goods as they can be used for a long time without being completely exhausted in single-use.
If a market produces a level of output that exceeds the competitive equilibrium output, then
a) producer surplus will be higher. b) social welfare will be higher. c) marginal cost will exceed price. d) All of the above.
Answer:
c) marginal cost will exceed price.
Explanation:
Marginal cost, the cost per additional unit sold, is calculated by dividing the change in total cost by the change in quantity. The formula for marginal cost is: Ordinarily, marginal cost changes as the firm produces a greater quantity
Final answer:
If a market produces more than the competitive equilibrium output, marginal cost will exceed price, meaning option c) is correct. Neither producer surplus nor social welfare is maximized when production is above equilibrium, making options a) and b) incorrect.
Explanation:
If a market produces a level of output that exceeds the competitive equilibrium output, then c) marginal cost will exceed price. When output exceeds the equilibrium level, additional units cost more to produce than what consumers are willing to pay, leading to inefficiencies and a potential deadweight loss. At the equilibrium level of output and price, conversely, the sum of consumer surplus and producer surplus is maximized, which is known as social surplus or economic surplus.
This demonstrates the economic efficiency of the market equilibrium. An output level beyond this equilibrium is not economically efficient, and the social welfare is not at its highest possible level because the market is not clearing at a price that balances consumer preferences with producer costs. Thus, options a) and b) are incorrect since neither producer surplus would be higher, nor would social welfare be increased by producing beyond the equilibrium level.
Price floors and price ceilings can also create inefficiencies by preventing a market from reaching its equilibrium; these controls can cause transfers of surplus between producers and consumers but do not increase the overall social surplus.
Platinum is a relatively rare metal vital to a wide variety of industries. Xagor Corporation, a major producer of platinum, has its production plant in a country that will soon begin imposing an export tax on platinum sold and shipped to customers abroad. As a consequence, the price of platinum on the world market is bound to rise.
Which of the following, if true, tends to confirm the conclusion above?A. An inexpensive substitute for platinum has been developed and will be available to industry for the first time this month.B. The largest of the industries that depend on platinum reported a drop in sales last month.C. The producers of platinum in other countries taken together cannot supply enough platinum to meet worldwide demand.D. Xagor produced more platinum last month than in any previous month.E. New deposits of platinum have been found in the country in which Xagor has its production plant.
Answer:
The correct answer is option C.
Explanation:
Platinum is a relatively rare metal vital to a wide variety of industries.
Xagor Corporation, a major producer of platinum, has its production plant in a country. The country is going to impose an export tax on platinum sold and shipped to customers abroad. This will cause the world price of platinum to increase.
This is possible because of the scarcity of platinum. The production and supply of platinum from other countries are not able to meet the global demand for platinum. An export tax will increase the price of platinum in the country. Since the other countries are taken together cannot meet the worldwide demand. The world price will rise as well.
The statement that platinum producers in other countries are unable to meet global demand tends to confirm the conclusion that the price of platinum is likely to increase following the imposition of an export tax.
The conclusion that the price of platinum on the world market is likely to rise due to the imposition of an export tax by Xagor Corporation's host country can be confirmed by Option C: 'The producers of platinum in other countries taken together cannot supply enough platinum to meet worldwide demand.'
This statement suggests that the supply of platinum from other producers is insufficient to cover the gap that would be created by the reduced availability of Xagor's platinum, as this would be affected by the new export tax. Such a constraint on supply, when coupled with steady or rising demand, typically results in an increase in prices.
Options A and E, which speak of an inexpensive substitute and new platinum deposits, respectively, would likely counter or mitigate the conclusion of rising prices, as they suggest alternate supplies or substitutes that could fulfill demand. Similarly, Option D, regarding Xagor's increased production, doesn't necessarily contribute to confirming rising prices without understanding how this increased supply compares to global demand pressures. Option B's information on a drop in sales for industries dependent on platinum could suggest a decrease in demand, which would generally lead to a stabilization or decrease in prices.
Zach has decided to start his own photography studio. To purchase the necessary equipment, Zach withdrew $10,000 from his savings account, which was earning 3% interest, and borrowed an additional $5,000 from the bank at an interest rate of 8%. What is Zach's annual opportunity cost of the financial capital(implicit + explicit)that has been invested in the business?
Answer:
Zach's annual opportunity cost of the financial capital(implicit + explicit)that has been invested in the business is $700.
Explanation:
opportunity cost = 3%($10,000) +8%($5,000)
= $300 + $400
= $700
Therefore, Zach's annual opportunity cost of the financial capital(implicit + explicit)that has been invested in the business is $700.
Zach's annual opportunity cost of the financial capital invested in his business is $700.
Explanation:To calculate Zach's annual opportunity cost of the financial capital invested in his business, we need to consider both the explicit and implicit costs. Explicit costs refer to the actual expenses incurred, while implicit costs include the opportunity cost of using the capital in another productive way.
For the explicit cost, Zach withdrew $10,000 from his savings account, which is not earning any interest in his business. This is the actual monetary cost incurred.For the implicit cost, the $5,000 borrowed from the bank at an 8% interest rate needs to be considered. This represents the opportunity cost of using that $5,000 in an alternative investment that could have earned a return.Therefore, Zach's annual opportunity cost would be the interest earned on the $10,000 savings account and the interest paid on the $5,000 bank loan. The calculation would be:
Opportunity Cost = (10,000 imes 0.03) + (5,000 imes 0.08)
Opportunity Cost = $300 + $400
Opportunity Cost = $700
Civil Code Section 1365.1 states that the homeowner association must distribute a written notice entitled, "NOTICE ASSESSMENTS AND FORECLOSURE" to EACH member of the common interest development association. How long immediately preceding the beginning of the association’s fiscal year must this notice be distributed?
A. 60 daysB. 90 daysC. 3 monthsD. 4 months
Answer:
60 days
Explanation:
Based on the information provided within the question it is stated that this notice must be distributed 60 days preceding the beginning of the association's fiscal year. This is strictly stated in the civil code which is cited as the following:
"The association shall distribute the written notice described in subdivision (b) to each member of the association during the 60-day period immediately preceding the beginning of the association s fiscal year."
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A company is a victim of a $414 million fraud. At that time its profit margin is 10%. How much additional revenue should the company generate in order to recover the effect on net income?
Answer:
The correct answer is $4.14 millions
Explanation:
The term profit margin represents what percentage of sales has turned into profits.
For example:
if the company reports that it achieved a 10% profit margin, it means that it had a net income of $0.10 for each dollar of sales generated.
"A company is a victim of a $414 million fraud"
$414 million x 10%= $4.14 millions
$4.14 million in additional revenue should the company generate in order to recover the effect on net income.
In March this year Mr. Monteagudo s restaurant achieved sales of $108,000.00. Mr. Monteagudo s menu prices are 5% are higher than they were last year. Last year s March sales were $100,000.00. After accounting for the increase in menu prices, what was the real change in revenue experienced by Mr. Monteagudo s restaurant?
Answer:
8%
Explanation:
108 000-100 000/100 000
=0.08
0.08×100=8%
The revenue in the previous ($100 000) and current year($108 000) for March was given so the increase percentage in menu price (5%) .So the real revenue of change from the previous to current year can be calcualted (see calculations above)
2 pts Paul and Michael sell magazine subscriptions by telephone. Paul is paid $1.00 for every 5 calls he makes, while Michael is paid $1.00 for each call that sells a subscription. Paul’s telephoning is reinforced on a _____ schedule, whereas Michael’s is reinforced on a _____ schedule.A. Variable-ratio; fixed-ratioB. Fixed-interval; variable-ratioC. Fixed-ratio; variable-intervalD. Fixed-ratio; variable-ratio
Answer:
D. Fixed-ratio; variable-ratio
Explanation:
Fixed ratio (FR) schedule, a specific or “fixed” number of behaviors must occur before you provide reinforcement.
Variable Ratio: In a variable ratio (VR) schedule, an average number of behaviors must occur before reinforcement is provided.
Paul’s telephoning is reinforced on a fixed-ratio schedule, whereas Michael’s is reinforced on a variable-ratio schedule. Th correct answer is option: C. Fixed-ratio; variable-interval.
A fixed-ratio schedule provides reinforcement after a set number of responses. In Paul's case, he receives $1.00 for every 5 calls, indicating a predictable pattern of reinforcement. On the other hand, a variable-ratio schedule provides reinforcement after an unpredictable number of responses. Michael's payment depends on selling subscriptions, which can vary and therefore is less predictable.
Fixed-ratio schedules, like Paul's, create a high rate of response followed by a brief pause after reinforcement, as individuals know exactly how many actions are required to receive a reward.Variable-ratio schedules, like Michael's, tend to produce a high and steady rate of response, as the unpredictability of reinforcement encourages continuous effort in the hope that the next response will result in a reward.After a restructuring at Sigma Corp. broadened managers’ jobs, some managers began experiencing role conflict and role ambiguity. To prevent dissatisfaction among these valued employees, the company asked the human resource department to help managers develop clearer and more balanced roles. The HR manager decided to use the role analysis technique. With this technique, who will meet to discuss the role of each manager affected by the restructuring?
Answer:
each manager affected and the people who directly interact with him or her.
Explanation:
According to my research on role analysis technique, I can say that based on the information provided within the question the people meeting would be each manager affected and the people who directly interact with him or her. This is because this technique focuses on demands and responsibilities of the role in question, and is done so by talking with the people who interact with the person performing that role.
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Suppose that a group of manufacturing firms is asked whether orders for their product have increased, remained about the same, or decreased during the last month. Suppose also that 40% report that orders increased, 40% report that orders decreased, while the remainder reported no change. What would the value of the diffusion index be?
Answer:
The answer is: The diffusion index of that group of manufacturing firms would be 0 (or remain the same if a previous diffusion index had been calculated)
Explanation:
A diffusion index is the common tendency within a group of numbers or statistics to either increase, decrease or remain the same.
The general formula for calculating the DI is:
Diffusion Index (DI) = (Increases−Decreases) + Previous DI Values
In this case, the diffusion index can be calculated by
Diffusion Index (DI) = (% orders increased - % orders decreased)
DI = 40% - 40% = 0