Answer:
$800
Explanation:
Price discrimination is a technique used by business owners and business in general that consists on chargin a certain group the maximum they are willing to pay for the product of service, in this case it would be $12 for adults and $8 for students, to know how much they will make we just multiply the cost of the tickets by the tickets bought, and the fmor that withdraw the cost of operation.
[tex]Tickets*Tickets cost=Earnings\\($12*100)+($8*200)=\\(1200)+(1600)=$2800[/tex]
Now we know the museum made $2800 in tickets, we take out the $2000 of the operational cost, and we are left with $800 wich would be the net profit for the museum.
All Bikes, Inc., a firm in Wisconsin, advertises on the Web. A court in Ohio would be most likely to exercise jurisdiction over All Bikes if the firm
a. only engaged in passive advertising on the Web.
b. did substantial business with Ohio residents over the Internet.
c. interacted with any Ohio resident through its Web site.
d. suddenly removed its ad from the Internet.
Answer:
b. did substantial business with Ohio residents over the Internet.
Explanation:
Based on the information provided within the question a court in Ohio would be most likely to exercise only if the company did substantial business with Ohio residents over the Internet. If a sales company does not do enough business with Ohio's residents then it will not affect the state's economy and therefore not be worth their time to exercise jurisdiction on the company.
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__________________encompasses all of the information contained within a single business process or unit of work and its primary purpose is to support daily operational tasks and repetitive decisions like analyzing daily sales reports and deciding how much inventory to carry.
Answer:
Transactional information.
Explanation:
For the valuing Organizational Information, there are three types of information:
-Transactional information.
Contained within a business process. Supports performing daily operations.
A strategic way to use IT to share information resources and improve both efficiency and effectiveness of business processes to help a business attain it´s strategic objectives.
Characteristics of information: Accuracy, completeness, consistency, uniqueness, timeliness.
Using the wrong information can lead to making the wrong decision. This can cost money, time, and even reputation.
-Analytical information.
Includes transactional information plus market and industry information.
-The value of timely information.
In real time, immediate, up to date. Within the decision makers time frame.
Brandon, the general manager of Pelantis International Hotel, promises Theodore, the director of marketing and sales of the hotel, a large bonus and a paid vacation if he can increase the hotel occupancy to 95 percent in the coming season. What type of leadership styles is Brandon using in this scenario?
Answer:
Transactional leadership
Explanation:
This leadership involves an exchange process whereby followers get immediate and tangible rewards for carrying out the leader’s orders. The leader can clarify what is expected of followers´ performance explaining how to meet such expectations and allocating rewards that are contingent on meeting objectives.
The primary principle that finance borrows from economics is ________. A. generally accepted accounting principles B. shareholder value maximization C. marginal costdashbenefit analysis D. cash is king
Answer:
C.marginal cost-benefit analysis
Explanation:
The primary principle that finance borrows from economics is _ C. marginal cost-benefit analysis.
Marginal cost and marginal benefit are the two measures of the how the cost or the value of the product changes. Marginal benefit is the measure of consumer side of the equation whereas the consumer side of the equation. Companies tend to calculate both side of the equation when marketing, manufacturing and prizing a product.
In his speech, George plans to convince his audience to buy a refillable water bottle instead of disposable water bottles. What is the general purpose of George’s speech?
Answer: Persuasion
Explanation: Persuasion can be define as the act of influencing someone or changing their mindset. In such case, the one persuading other must have his own mind set.
In the given case, George wants the audience to change their mindset of using plastic bottles as they are harmful for environment.
Thus, from the above we can conclude that the purpose of George behind his speech is persuasion.
Alexander, Inc., declared and distributed a 10 percent stock dividend on its 700,000 shares of outstanding $5 par value common stock when the stock was selling for $12 per share. The outstanding shares had originally been sold at $8 per share. The balance in retained earnings before the declaration of the stock dividend, but after the addition of the current year’s net income, was $995,000. Prepare the stockholders’ section of Alexander’s balance sheet to reflect these facts.
Common Stock ____________
Addt'nal paid-in capital-Common Stock ____________
________________________ ____________
Retained earnings ____________
Total stockholders' equity ____________
Answer:
Common Stock: 3,500,000 Additional paid-in capital-Common Stock: 2,100,000 Retained earnings: 995,000Total stockholders' equity: 6,595,000
Explanation:
Common Stock: Values at the common stocks par value. (3,500,000 = 700,000 * 5) Additional paid-in capital-Common Stock: Difference between the paid price by stockholders and par value. The negations made after the issue of the stocks are not taken into account because they don´t include the company. (2,100,000 = 700,000 * 3) Retained earnings: As the dividend are declared after the end of the accountable year they are not taken into account. So the retained earnings final balance include the beginning balance plus the net income of the accountable period. (995,000) Total stockholders' equity: Addition of the previous items.
To prepare the stockholders' section of Alexander's balance sheet, calculate the common stock, additional paid-in capital, and total stockholders' equity.
Explanation:Firstly, calculate the number of shares distributed as a stock dividend, which is 10% of 700,000, equaling 70,000 shares. The increase in common stock is the $5 par value times the new shares, equaling $350,000. The additional paid-in capital from common stock is the $7 difference between market price and par value times the new number of shares, which is $490,000.
The initial value of common stock was the $5 par value times the original number of shares (700,000), totaling $3,500,000. The additional paid-in capital was the $3 difference between the selling price and par value times the original number of shares, totaling $2,100,000.
To prepare the stockholders' section of Alexander's balance sheet, we need to calculate the additional paid-in capital and adjust the common stock and retained earnings accounts.
The common stock can be calculated by multiplying the number of shares outstanding by the par value per share: 700,000 shares * $5 par value = $3,500,000.The additional paid-in capital can be calculated by subtracting the common stock value from the total actual value of the stock dividend: ($12 market price - $8 original price) * 700,000 shares = $2,800,000.The total stockholders' equity is the sum of the common stock, additional paid-in capital, and retained earnings: $3,500,000 + $2,800,000 + $995,000 = $7,295,000.Learn more about Preparing a balance sheet for a stock dividend here:https://brainly.com/question/34519504
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The risk-free rate of interest is 4% and the market risk premium is 9%. Howard Corporation has a beta of 2.0, and last year generated a return of 16% with a standard deviation of returns of 27%. The required return on Howard Corporation stock? is:
A. 26%.
B. 22%.
C. 14%.
D. 36%.
Answer:
B. 22%.
Explanation:
Capital asset pricing model (CAPM) relates the required rate of return on an asset to its riskiness, as measured by the asset's beta. An asset's beta is the volatility of the asset's returns relative to the volatility of market returns. The expected return on the asset = risk-free rate + beta * market risk premium.
===> 4%+ 2x9% ===> 22%.
Using the Capital Asset Pricing Model, the required return on Howard Corporation stock is calculated to be 22%.
Explanation:The required return on the Howard Corporation stock can be calculated using the Capital Asset Pricing Model (CAPM), which is formulated as follows:
Required Return = Risk-free Rate + Beta*(Market Risk Premium)
In this case, the risk-free rate is 4%, Beta is 2.0, and the Market Risk Premium is 9%. Therefore, the required return can be calculated as:
Required Return = 4% + 2.0*9% = 4% + 18% = 22%
So the answer is B. 22%.
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Curzon International is a hospitality chain that has a wide range of hotels and motels. The company provides luxurious and outstanding service to its customers. The amenities given by the company are highly expensive; hence, it holds a very small share in the hospitality industry. The managers are not ready to forgo their dedication to providing great service to increase their market share. This shows that the company is based on the noble purpose of a. heroism b. discovery c. excellence d. altruism
Answer: Altruism
Explanation: It refers to the behavior when an individual considers the benefit of other more important than the self benefit.
In the given case, the hotel chain has the sole purpose of providing best services to its customers. They are not ready to forego their dedication towards service even if it results in loss of their market share.
It is not a case of excellence as they are not charging extra for the same service to increase their profits.
Hence from the above we can conclude that the correct option is D.
Recent regulation such as the Riegle-Neal Act of 1994 has removed some of the federal banking laws that formerly constrained profitable opportunities for commercial banks. The Riegle-Neal Act removes the major restrictions on banks' ability to _________________.
Answer:
The correct answer is diversify geographically.
Explanation:
Diversification is one of the strategies most used by companies when it comes to expanding their market horizon. In this sense, diversifying is synonymous with expansion, growth, investment and openness.
In general, companies that are committed to diversification seek new market niches or commercial possibilities. This may be motivated by several reasons, ranging from corporate growth opportunities to the implementation of internal restructuring plans.
In which level of linkage does a company’s strategic business planning function exist without any input from the HRM department?
a) One-way linkage
b) Executive linkage
c) Two-way linkage
d) Administrative linkage
e) Integrative linkage
Answer:
The correct answer is d) Administrative linkage
Explanation:
Business planning is one of the basic pillars on which the Business Plan is to be sustained: Commercial planning is a part of the strategic planning of the company, which aims to develop action programs to achieve the objectives of Company marketing .
For the objectives to be met, the company must organize all available means and establish the corresponding strategies.
There are several ways that governments can increase or decrease the money supply. Match the descriptions below with the corresponding policy tool. It is possible that a description does not apply to any of the terms.1. Open Market Operations 2. Reserve Requirement 3. Discount Rate a. A government printing more currency. b. An increase in the percentage of deposits that anks must keep on hand. c. An increase in the interest rate that a central bank charges commercial banks for loans. d. An increase in government spending e. A central bank purchasing existing bonds.
Answer:
1. Open Market Operations - A central bank purchasing existing bonds.
2. Reserve Requirement - An increase in the percentage of deposits that banks must keep on hand.
3. Discount Rate - An increase in the interest rate that a central bank charges commercial banks for loans.
Therefore, a government printing more currency or an increase in government spending, both are not a part of any monetary policy tools provided.
Open Market Operations (corresponding to the central bank purchasing existing bonds), Reserve Requirement (increasing the percentage of deposits banks must keep on hand), and Discount Rate (linked to the interest rate the central bank charges commercial banks for loans), are policies used by central banks to control the money supply.
Explanation:1. Open Market Operations corresponds with option E. 'A central bank purchasing existing bonds.' These operations involve a central bank buying and selling government bonds to influence the money supply. If they purchase bonds, this injects money into the economy, increasing the money supply.
2. Reserve Requirement can be matched with option B. 'An increase in the percentage of deposits that banks must keep on hand.' By changing the reserve requirements, the central bank adjusts how much money the banks can lend, influencing the money supply. A higher reserve requirement decreases the money supply as banks have less to lend out.
3. Discount Rate is related to option C. 'An increase in the interest rate that a central bank charges commercial banks for loans.' The discount rate is the interest rate at which commercial banks can borrow money from the central bank. A higher discount rate makes borrowing money more costly, resulting in less borrowing and a decrease in money supply.
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To be successful in a product liability action based on _____, the plaintiff must prove that the defendant breached a duty of due care to the plaintiff and thereby caused the plaintiff's injuries.
Answer:
negligence
Explanation:
In order to be successful in a product liability action based on negligence the following elements must be proved: Duty ,Breach of Duty ,Cause in Fact ,Proximate Cause and Damages(plaintiff)
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Manufacturing overhead is underallocated if the amount:
a.estimated for the period is less than the actual amount incurred.
b.allocated during the period is greater than the actual amount incurred.
c.estimated for the period is greater than the actual amount incurred.
d. allocated during the period is less than the actual amount incurred.
Answer:
D allocated during the period is less than the actual amount incurred
Explanation:
Manufacturing overhead is under allocated if the amount allocated during the period is less than the actual amount incurred. The company is under deficit of capital which cause the company a loss. This loss may occur due to shortage of capital. Therefore option D allocated during the period is less than the actual amount incurred is correct.
A defendant claimed he was forced to give robbers access to a company storage facility because they said his children would never be safe unless he cooperated. Is his claim to have been forced to commit an illegal act valid?
Answer:
no
Explanation:
According to my research on different hostage cases, I can say that based on the information provided within the question he does not have a valid claim. This is because even though the defendant was being coerced (threatened to do something against their will) the danger that his children were facing was not immediate or present. Therefore in the eyes of the law he had other options like going to the police.
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For 2016, NestorCompany had revenues in excess of expenses. Which statement describes Nestor’s closing entries at the end of 2016 (assume there is only one closing entry for both revenue and expenses)?
A. Revenues will be debited, expenses will be credited, and retained earnings will be debited.
B. Revenues will be debited, expenses will be credited, and retained earnings will be credited.
C. Revenues will be credited, expenses will be debited, and retained earnings will be credited.
D. Revenues will be credited, expenses will be debited, and retained earnings will be debited.
Answer:
Which statement describes Nestor’s closing entries at the end of 2016 (assume there is only one closing entry for both revenue and expenses)?
Explanation:
A. Revenues will be debited, expenses will be credited, and retained earnings will be debited.
Closing entries, also called closing journal entries, are entries made at the end of an accounting period to zero out all temporary accounts and transfer their balances to permanent accounts. In other words, the temporary accounts are closed or reset at the end of the year
James Frank has been put in charge of gathering marketing intelligence, disseminating it within his organization, and eventually directing action on the information. Mr. Frank's task is best described as part of the ________.A) market-sensing processB) new-offering realization processC) customer acquisition processD) customer relationship management processE) fulfillment management process
Answer:
option A
Explanation:
correct answer is option A
Gathering market information and spreading the information in the firm and eventually using the information into action is best described as market sensing.
Market sensing is one of the biggest tool for any company to succeed in future because if company know the future demand he can act according to it.
Final answer:
James Frank's role in gathering and actioning marketing intelligence is part of the market-sensing process, which is critical for understanding and responding to market dynamics.
Explanation:
James Frank's task of gathering marketing intelligence, disseminating it within his organization, and directing action based on the information, aligns with the market-sensing process. This process involves gathering information from customers and other stakeholders, finding expert information, and performing a root cause analysis to identify the real problems affecting the market. It is part of a broader marketing strategy to understand customer needs and market dynamics, which in turn helps in developing strategies for increasing sales, formulating targeted marketing initiatives, and improving product positioning. Therefore, the best description of Mr. Frank's role would be a part of option A) market-sensing process.
If a farmer sells 15 of his chickens, his stock of feed will last for 4 more days than planned, but if he buys 20 more chickens, he will run out of feed 3 days earlier than planned. If no chickens are sold or bought, the farmer will be exactly on schedule. How many chickens does the farmer have?
Answer:
300 chickens
Explanation:
Let number of chickens = x
Let number of scheduled days that the farmers stock will last = y
Story 1
Number of chicken=x-15
Number of days =y+4
(x-15)(y+4)=0
4x-15y-60=0
Story 2
Number of chickens =x+20
Number of days =y-3
(x+20)(y-3)=0
-3x+20y-60=0
Form (1) and (2)
4x-15=-3x+20
7x=35y
X=5y
Sub x= 5y into (1)
20y-15y-300=0
5y=300=x
In the short run A. most firms have short run supply curves that are the same as their long run supply curves. B. firms may choose to operate at a loss. C. firms will shut down if operating at a loss. D. profit maximizing firms have identical short run supply curves.
Answer:
The correct answer is option B.
Explanation:
In the short run, firms may have a loss if the price is lower than the average total cost. In the short run though firms cannot enter or exit the market. So, if the price level is higher than the average total cost, the firms will keep operating even after incurring a loss.
In the long run though, if the price level is still lower than the average total cost, the firm will no longer operate and will exit the market.
B. In the short run, firms may choose to operate at a loss if they can cover their average variable costs.
This is because some firms may continue producing as long as they can cover their average variable costs, even if they are making economic losses. This is a strategy to minimize overall losses rather than shutting down immediately, which would lead to incurring fixed costs without any revenue. This is typical in conditions where the price has fallen below the average cost but remains above the average variable cost.On the other hand, option C is incorrect because not all firms will shut down if they are operating at a loss; it depends on whether they can cover their variable costs. Firms that cannot cover their average variable costs will indeed shut down immediately. Options A and D are also incorrect as short-run and long-run supply curves can differ due to the presence of fixed costs in the short run and the variability of resources in the long run.The competitive moves and business approaches a company's management is using to grow the business, compete successfully, attract and please customers, conduct operations, respond to changing economic and market conditions, and achieve organizational objectives is referred to as its - mission statement -business model -strategy-strategic intent
Answer:
The answer is: Business strategy
Explanation:
A company´s business strategy is the combination of all the actions it takes and all the decisions it makes in order to accomplish its business goals and secure its position in the market.
Everyone needs a strategy in order to reach their objectives or goals. A company´s business plan sets its goal and objectives. While the company´s business strategy gives them a way (a roadmap) to fulfill those objectives.
The concept described is a company's strategy, which encompasses its plans and approaches to achieve competitive advantage, fulfill customer needs, conduct operations, and accomplish goals, distinct from its mission statement or business model.
The competitive moves and business approaches a company's management uses for various purposes such as growth, competition, customer satisfaction, operations, and adapting to changes are referred to as its strategy. A company's strategy encompasses its plan to achieve a competitive advantage, identify and meet customer needs, respond efficiently to changes in economic and market conditions, and reach organizational goals. Unlike a mission statement, which defines the company’s purpose and primary objectives, a strategy is concerned with how the company plans to achieve these goals. The business model describes how a company creates, delivers, and captures value, which is intrinsically linked to its strategy. It effectively combines the offering of products or services, operational processes, organizational structures, and trading practices aimed at generating income. In highly competitive markets, the importance of a carefully crafted strategy becomes even more critical as it guides companies to navigate competition, manage costs, and find unique positions in the marketplace to ensure survival and success.
Ralph Chase plans to sell a piece of property for $170000. He wants the money to be paid off in two ways monica short-term note at 9% interest and a long-term note at 7% interest. Find the amount of each note if the total annual interest paid is $13700.
Answer:
amount paid at a rate of 9% = 90000
amount paid at a rate of 7% = 170000-90000=80000
Explanation:
We have given total amount = $170000
Let amount paid at rate of 9% is x
Then amount paid at a rate of 7% = 170000-x
We know that sum of individual interest will be equal to total interest
So [tex]0.09\times x+(170000-x)0.07=13700[/tex]
[tex]9x+1190000-7x=1370000[/tex]
[tex]2x=180000[/tex]
[tex]x=90000[/tex]
So amount paid at a rate of 9% = 90000
And amount paid at a rate of 7% = 170000-90000=80000
During normal economic times, when there is not "excessive" unemployment or inflation, discretionary fiscal policy
A. is not used due to legal restrictions on the ability of Congress to make policy.
B. is a way of effectively spurring economic growth.
C. is used frequently to effectively fine-tune the economy.
D. is probably not very effective due to lags and the uncertainty created by repeated tax policy changes.
Answer:
The correct answer is D. is probably not very effective due to lags and the uncertainty created by repeated tax policy changes.
Explanation:
Discretionary fiscal policies: are those that governments intentionally apply to influence public revenues or expenses. They have the advantage that they can act directly on the problems but the drawback is that they are usually slow in their application due to the political and institutional procedures required for their implementation. In addition, these policies take time to achieve the objectives and are not always done effectively.
Sara's job includes dividing up the work and assigning tasks to each employee. She identifies people responsible for each task, decides the reporting structure, and decides employees' work relationships. Sarah is a part of the ________team in her company.a. financeb. public relationsc. controllingd. decentralizinge. organizing
Answer:
organizing team
Explanation:
According to my research on different organizational roles and responsibilities, I can say that based on the information provided within the question Sarah is part of the organizing team. This is because based on all the responsibilities and tasks that Sarah is doing, she is organizing everything in order for all aspects to be as efficient as possible and work in harmony.
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Without written permission, Phillip tells his buyer Tom, that his seller Mark is getting divorced and has to sell the property quickly. Phillip is representing both Mark and Tom as a transaction broker. Phillip has violated which agency duty?
Answer:
limited confidentiality
Explanation:
According to my research on broker rules and responsibilities, I can say that based on the information provided within the question Phillip has violated the limited confidentiality. This is an ethical duty within certain jobs such as a broker in which they cannot represent both sides of an opposing case or argument. This is because each side may have vital information that grants them a favorable advantage in a case, and this leads to the broker not being able to help one of the individuals win the case, in other words the broker needs to biased in this line of work.
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In a mixed market economy, government regulations are intended to both consumers and producers. Those who support regulation in the market argue that these laws ___________, while those who are against government regulation argue that these laws ___________.
Answer:
In a mixed market economy, government regulations are intended to protect both consumers and producers. Those who support regulation in the market argue that these laws protect everyone, while those who are against government regulation argue that these laws are costly.
Explanation:
Those who support regulation in the market argue that these laws protect everyone, while those who are against government regulation argue that these laws are costly.
What is a mixed market?This is a type of market that is made up of a free market and also has some elements of Government regulations in it.
In this type of market, the government can also set some rules that are meant to show government control.
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it is best to withhold unpopular opinions
(strongly agree or disagree
Answer:
disagree
Explanation:
because its your opinion not nobody else so you can say it
When it comes to unpopular opinions, it is best to talk about them, so I disagree.
What is an Opinion?This refers to a personal viewpoint about something which might not be factual and is usually sentimental.
Hence, we can see that expressing opinions is one way to understand people and because a person has a different opinion from others about something which makes it unpopular does not mean he should not express himself.
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Consider the impact of the following two events in the television market.First, people are using more tablets and fewer television sets. Second, new production techniques decrease the production cost of television sets. What is the effect of these events on the equilibrium price and quantity of television sets? Equilibrium Price Equilibrium Quantity
A. Decrease Increase
B. Decrease Decrease or increase
C. Decrease or increase Decrease
D. Increase Decrease or increase
Answer:
The correct answer is option B.
Explanation:
As people are using more tablets and fewer television sets, the demand for television sets will decline. This will cause the demand curve to shift to the left. As a result, the price level will decline.
Now, with new production technique the cost of production declines. As a result, there will be an increase in the supply as the firm will be able to produce more at the same cost. This will cause the supply curve to shift to the right. This rightward shift in the supply curve may lead to an increase or decrease in the quantity of output. It depends on the extent of change in supply.
The equilibrium price of television sets will decrease due to both a decrease in demand (shift left) and an increase in supply (shift right). The effect on equilibrium quantity is ambiguous without more information, as the decrease in demand suggests a lower quantity while the increase in supply suggests a higher quantity.
Explanation:To assess the impact of two events on the equilibrium price and quantity of television sets, we consider the shifts in demand and supply curves in the market. The first event indicates that people are using more tablets and fewer television sets, which means the demand for television sets decreases. This would shift the demand curve to the left, leading to a lower equilibrium quantity and price for television sets. The second event states that new production techniques decrease the production cost of television sets, which implies that the supply of television sets increases. An increased supply shifts the supply curve to the right, potentially increasing the equilibrium quantity and decreasing the equilibrium price of television sets.
When combining these two events, the overall effect on equilibrium price is unambiguously a decrease since both a decrease in demand and an increase in supply put downward pressure on price. However, the effect on equilibrium quantity is indeterminate without additional information since the decrease in demand would lead to a lower quantity, but the increase in supply suggests a higher quantity. In sum, the equilibrium price will decrease and the equilibrium quantity could either increase or decrease depending on the relative magnitude of the shifts in demand and supply curves.
Melissa, the hotel manager, knows that the number of guests at her hotel has significantly decreased. Therefore, corporate has made it clear that the amount each department can spend on certain items will need to be cut for the year. Melissa needs to work with the hotel department managers on how to cut costs, as a part of her ______ role.
monitor
disturbance handler
disseminator
resource allocator
entrepreneur
Answer:
resource allocator
Explanation:
Resource allocator
It is the process of managing and assigning the assets , such a way , which helps to support the strategic goals of an organization .
The resource allocation work includes , the management of the tangible assets like the hardware in order to make the best use of the soft assets like the human capital .
Hence , from the data , Melissa act as a resource allocator .
In Crawford Company, the predetermined overhead rate is 80% of direct labor cost. During the month, Crawford incurs $210,000 of factory labor costs, of which $180,000 is direct labor and $30,000 is indirect labor. The actual overhead incurred was $200,000. The amount of overhead debited to Work in Process Inventory should be:
a. $200,000
b. $168,000
c. $144,000
d. $160,000.
Answer:
c. $144000.
Explanation:
the predetermined overhead rate = 80% of direct labour costs
The amount of overhead debited to Work in Process Inventory is:
(80%)(180000)
= $ 144000
Therefore, The amount of overhead debited to Work in Process Inventory should be $144000.
The amount of overhead debited to Work in Process Inventory should be:c. $144,000.
Work in process inventoryUsing this formula
Work in process inventory= Predetermined overhead rate×Factory labor cost
Where:
Predetermined overhead rate=80%
Factory labor cost=$180,000
Let plug in the formula
Work in process inventory=.80×$180,000
Work in process inventory=$144,000
Inconclusion the amount of overhead debited to Work in Process Inventory should be:c. $144,000.
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Fred wants to take out a loan. Suppose he can afford to make monthly payments of 200 dollars and the bank charges interest at an annual rate of 5 percent, compounded monthly. What is the maximum amount that Fred could afford to borrow if the loan is to be paid off eventually?
The maximum amount Fred can borrow is approximately $3,754.64.
Explanation:To find the maximum amount that Fred could afford to borrow, we need to calculate the present value of his monthly payments using the formula for the present value of an annuity:
PV = P * (1 - (1 + r)^(-n)) / r
Where PV is the present value, P is the monthly payment, r is the monthly interest rate, and n is the total number of payments. In this case, P is $200, r is 0.05/12, and n is the number of months Fred will be making payments. We can rearrange the formula to solve for the loan amount:
Loan amount = PV * r / (1 - (1 + r)^(-n))
Substituting the given values, the loan amount Fred could afford to borrow is approximately $3,754.64.
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Sarasota Company manufactures pillows in the cutting and assembly process. Pillows are manufactured in 40-pillow batch sizes. The cutting time is 4 minutes per pillow. The assembly time is 8 minutes per pillow. It takes 10 minutes to move a batch of pillows from cutting to assembly. Compute the value-added ratio.
a.2.4%b.54.5%c.4.5%d.50%
Answer: Option (b) is correct.
Explanation:
Given that,
Pillows are manufactured in 40-pillow batch sizes
Cutting time = 4 minutes per pillow
Assembly time = 8 minutes per pillow
Takes 10 minutes to move a batch of pillows from cutting to assembly.
Value added lead time = Cutting time + Assembly time
= 4 + 8
= 12 minutes
Non-value added lead time = move time
= 10 minutes
Total lead time = Value added lead time + Non-value added lead time
= 12 + 10
= 22 minutes
value-added ratio = [tex]\frac{value\ added\ time}{total\ lead\ time}[/tex]
= [tex]\frac{12}{22}[/tex]
= 0.5454
= 54.5%