Answer:
The given transactions categorised as being parts of C / I / G / X - M, from GDP
Explanation:
Federal Aviation Administration expands the runways at Philadelphia International Airport, which is just a few miles from Antonio and Caroline's house : Government Purchase
Dmitri buys a new set of tools to use in his plumbing business : Investment
Caroline buys a new BMW, which was assembled in Germany : Imports
Antonio's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China : Export
Caroline gets a haircut : Consumption
Write a 1-page memo to the CEO. Include each chart (3) and a paragraph per chart. Each paragraph should explain the story of each visualization and explain why visualizations are important.
STEP 2
Income CATEGORIES PERCENTAGE NUMBER
$100,000 to $124,999 8% 2
$125,000 to $149,999 4% 1
$20,000 to $24,999 4% 1
$25,000 to $34,999 29% 7
$35,000 to $49,999 13% 3
$50,000 to $74,999 17% 4
$75,000 to $99,999 21% 5
Decline to answer 4% 1
24
STEP 3
GENDER PERCENTAGE NUMBER
Female 54% 13
Male 46% 11
24
STEP 4
QUESTION RESPONSES PERCENTAGE NUMBER
0 6% 1
2 11% 2
5 28% 5
6 11% 2
7 17% 3
8 11% 2
9 6% 1
10 11% 2
18
Answer:
[Your Name]
[Your Position]
[Date]
Subject: Insights from our Survey - A Window into the Lives of our Valued Customers
Dear [CEO's Name],
I hope this message finds you well. I wanted to take a moment to share some fascinating insights from the recent survey we conducted among our cherished customer base. To make the data more relatable and easier to grasp, I have transformed the findings into a series of engaging visualizations. These visuals not only bring the data to life but also allow us to truly connect with our customers on a human level. Let's dive into the story behind each visualization and explore why these visual representations are crucial in understanding our customers.
Chart 1: Income Categories - Reflecting the Lives of our Customers
This insightful chart provides a glimpse into the diverse income categories of our survey respondents. As you observe the bars rise and fall, you can visualize the financial landscapes our customers navigate. From the bustling middle-income group, representing 29% of respondents, to the resilient individuals in the $75,000 to $99,999 range, accounting for 21% of participants, we gain an intimate understanding of the financial tapestry that influences their decisions.
By presenting this information in such a humanized manner, we can empathize with the varying needs and aspirations of our customers. This visualization guides us in tailoring our products and services to better address the unique challenges and aspirations of each income segment.
Chart 2: Gender Distribution - Celebrating Diversity and Inclusion
This delightful pie chart celebrates the diversity among our survey participants by highlighting their gender identities. As you glance at the vibrant slices, you witness the vibrant mosaic of our customer base. With 54% of respondents identifying as female and 46% as male, we recognize the importance of inclusivity and strive to ensure our products and services cater to the needs and desires of all genders.
Visualizations like this one allow us to see the human faces behind the data. It reminds us to embrace diversity and equality in our business operations, ensuring that every customer feels heard and valued.
Chart 3: Question Responses - Unveiling Our Customers' Voices
Within this insightful bar chart, we uncover the authentic voices of our customers through their responses to a specific question. The bars rise and fall, revealing the choices they made and their preferences. The most popular response, "5," chosen by 28% of participants, demonstrates the collective sentiment that echoes among our customers. As we observe the varying heights of each bar, we gain a deeper understanding of their thoughts and desires.
Visualizations like this empower us to hear our customers' voices loud and clear. By listening attentively to their responses, we can make informed decisions that resonate with their needs, aspirations, and desires.
In summary, these captivating visualizations humanize our survey data, enabling us to truly connect with our customers and gain invaluable insights. By considering the stories behind each chart, we ensure that our strategies, products, and services align with their lived experiences. Together, we can build lasting relationships, foster inclusivity, and deliver the exceptional experiences our customers deserve.
Thank you for your time and attention. Should you have any questions or require further information, please don't hesitate to reach out.
Warm regards,
[Your Name]
[Your Position]
Explanation:
PayPal is an example of which of the following?
regionally based currency
traditional currency
cryptocurrency
mobile commerce
Answer:
mobile commerce is the answer
The correct option is D. PyPal is an example of mobile commerce.
A mobile eCommerce platform offers specific mobile features including loyalty cards, money transfers, deliveries, and banking in addition to mobile ticketing and coupons.
Why do we need mobile commerce?A customer can obtain a wide range of things delivered to their door by using M-commerce. They even receive several offers and discounts. Additionally, a variety of payment options like UPI, debit and credit cards, and cash on delivery make it simpler and more practical for users.
A safe and secure way to send and receive money online is through the use of PyPal. You can use PyPal to make online purchases from participating stores when you link your bank account, credit card, or debit card to your PyPal account.
Thus, D is the right answer. Mobile commerce is exemplified by PyPal.
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The structure of an industry is changed over time by firms both entering and exiting it. For example, when Apple introduced its iPod, it had a monopoly in this product space since no other manufacturers sold any devices like it. But over time, competitors being lured by profit potentials, introduced their own products such that the industry structure for mp3 players changed from being a monopoly into one that became more competitive as more similar products began appearing in the mp3 player product space.
Smartphones have largely displaced stand-alone mp3 players. Describe the effects of this on the mp3 player industry focusing more on how this industry has changed. Include some discussion of Apple's response to the changing industries conditions over time to as far as what they are more-recently.
The effects of the smartphone industry on mp3 players was that decline in the music player industry has been noticed.
What are smartphones?Smartphones are referred to as electronic devices mainly used to communicate with people. Smartphones make the life of an individual easier by providing facilities with one click.
The majority of companies that produce MP3 players have entered the smartphone market due to the decline in mp3 players. A number of businesses well-known for producing electronic products, such as MP3 players, have now changed their attention to producing smartphones.
As the market conditions changed over time, Apple responded in a way that helped it become one of the top brands known for its innovation. Apple focuses on providing outstanding customer value. Apple shifted its attention to the design and the display to increase customer satisfaction.
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What happened to the Oil Industry in Venezuela?
Answer:
Since 2014, oil production in Venezuela has suffered from a poor oil market and Venezuela's insufficient funding of the industry. ... The Economic policy of the Nicolás Maduro administration did not revive the oil decline, and by 2016, the oil production reached the lowest it had been in 23 years.
Explanation:
In other words the oil industry crashed due to the reasons provided above
Discuss the HT forecasting model particularly the encircle balancing supply & demand.
Answer:
Demand forecasting in supply chain management refers to the process of planning or predicting the demand of materials to ensure you can deliver the right products and in the right quantities to satisfy customer demand without creating a surplus
HAJAH MORE FREE POONGGS
Interesting...................
what re the art
subject
Answer:
What is your question?
The oversight function is one of the least understood function of congress. What is the purpose of this function and why is it important? Give specific examples of area where congressional oversight might be critical in the health, safety and defense of citizens.
The purpose of the oversight function is in order to review, monitor, and as well as supervise the federal agencies, programs and policy implementation.
The congressional oversight function tends to occur in a wide variety of congressional activities and contexts. These include appropriations, authorization, investigative, and also the legislative hearings by the standing committees.
Congressional oversight is considered to be one of the most important responsibilities of the United States Congress. Thus, the congressional oversight refers to the monitoring, reviewing, and supervising of the federal agencies.
Hence, the oversight function is considered fundamental in order to making sure that laws work.
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What is the first step you will take with your new business partners to plan your business?
Answer:
I would buy or create another company.
Explanation:
A and B were partners in a firm. Their capitals at the end of the year ending on 31st March, 2021 were Rs 3,00,000 and Rs 1,50,000 respectively. During the year, B withdrew Rs 10,000 which was debited to his capital account. Profit for the year ended 31st March, 2021 was Rs 32,000 which were credited to their capital accounts. During the yea, B introduced additional capital Rs 32,000. What was B’s Capital on 1st April, 2020
Answer:
The capital of A on 1st April, 2020 can be calculated as follows:
Capital of A on 1st April, 2020 = Capital of A on 31st March, 2021 - (Profit for the year + B's withdrawal)
= Rs 3,00,000 - (Rs 32,000 + Rs 10,000)
= Rs 2,58,000
We know that the total capital on 1st April, 2020 was Rs 4,50,000 (A's capital of Rs 3,00,000 + B's capital).
Therefore, B's capital on 1st April, 2020 = Total capital on 1st April, 2020 - A's capital on 1st April, 2020
= Rs 4,50,000 - Rs 2,58,000
= Rs 1,92,000
So, B's capital on 1st April, 2020 was Rs 1,92,000.
Explanation:
Which reasons can be fixed by having a money plan?
Answer:
The given question relates to budgeting. In simple words, budgeting helps one to set up a saving schedule for thier finances, it means that people still have sufficient funds for the items they need and activities which are valuable to them. The expenditure or savings strategy will either keep you free of trouble or assist you get this out of debt if you're already in debt.
Which goal of the U.S. economy is important in reducing the amount of waste of resources?
O efficiency
O stability
O growth
O equity
The answer is....
A.) EfficiencyJust trust a bro
Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?
The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.
To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.
To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:
NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost
\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)
\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)
NPV = $3,913.04 + $3,537.41 - $7,800
NPV = -$350.55
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A company has been accidentally polluting a local water source. The chemicals may cause health issues for small children. Who are the MOST important stakeholders in this scenario?
A.
local doctors and social workers
B.
the children and families and the company
C.
police and the local government
D.
fish and game wardens and local doctors
The MOST important stakeholders in this scenario are option B: the children and families and the company.
Give justification for your answer?The accidental pollution of a local water source can have serious health implications for the children and families who rely on that water source. They are the most important stakeholders in this situation as their health and well-being are directly impacted by the pollution. The company responsible for the pollution is also a key stakeholder as they are responsible for addressing the situation and mitigating any harm caused. It is important for the company to take responsibility for their actions and work towards finding a solution that protects the health and safety of the affected community. While local doctors and social workers may be involved in addressing the health impacts of the pollution, and fish and game wardens may be involved in assessing the environmental impact, they are not the most important stakeholders in this scenario.
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Mr. and Mrs. Bucknell had adjusted gross income of $166,000 in 2022. Their daughter's eligible education expenses for her
first year of college were $5,000 in 2022. What is the amount of American Opportunity Credit that Mr. and Mrs. Bucknell may
use in 2022?
The amount of American Opportunity Credit that Mr. and Mrs. Bucknell may use in 2022 is $1,750.
What is the American Opportunity Credit?Generally, The American Opportunity Credit grants taxpayers a credit equal to the full cost of the first $2,000 that they spend on tuition and fees, and a credit equal to 25% of the cost of the second $2,000 that they spend on tuition and fees.
When the modified adjusted gross income for joint filers reaches $160,000, however, the credit begins to be phased out. When the modified adjusted gross income reaches $180,000, the credit phaseout is finished.
Therefore, the allowable credit for 2018 is reduced by
\(\frac{$750 [$2,500 * ($166,000 -$160,000)}{ $20,000]}.\)
The credit that can be claimed is $1,750.
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As a manager, if you wanted to influence what employees do in situations lacking clear company rules or expectations, what should you do
As a manager if you want to influence what employees do in situations that lack clear company rules or expectations, you should create a strong culture.
Creating a strong culture is very important in the workplace. It is important because it helps to influence the discretionary behaviors that employees have in the work place.
It helps them to know what they should do in given situations where the the rules and the expectations are not clear.
This is very important because an organization may not have policies or rules for every given situation in the work place. The culture of the organization would be very useful in this case.
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too fast Inc., a motorcycle company, is the market leader due to its superior engine technology and service orientation. These unique qualities have helped the company generate revenues that are consistently higher than other firms in the same industry. Which of the following can be concluded about too fast Inc. from this scenario?
Multiple Choice
It has a direct investment in the other firms.
It has an exchange relationship with the other firms.
It has competitive parity with the other firms.
It has a competitive advantage over the other firms.
The correct answer to the question above is option D. "It has a competitive advantage over the other firms"
Competitive advantage is a factor that allows the company to produce services or goods better or more cheaply that its competitor. A competitive advantage allows the company to generate more sales and revenue compared to its market rivals.There are four competitive advantages:Cost leadershipDifferentiationStrategic allianceDefensive strategyFactors of competitive advantage:Production factorsmarketing factorspersonal and expertise factorsresearch and development and engineeringcorporate resourceLearn more about competitive advantage at: https://brainly.com/question/13091426
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A survey reveals that, on a small island, 175 people have jobs, 25 people are not working but are looking for jobs, and 90 people are neither working nor looking for work. The unemployment rate on the island is:____.
Answer:
The answer is = 12.5%
Explanation:
The 175 people that have jobs are in unemployment (employed).
The 25 people that are not working but are looking for jobs are called unemployed.
The 90 people are neither working nor looking for work for work are not counted in the employment.
Therefore, the labor force is employed people + unemployed people.
Labor force is 175 + 25= 200 people.
So, unemployment rate is:
(unemployed people ÷ labor force) x 100
(25÷200) x 100%
=12.5%
What is commercial cooking?
Answer:
Commercial Cooking- Commercial cooking operations are defined as kitchens that have cooking equipment that produces grease and grease-laden vapors. This includes flat grills, char broilers, and deep fat fryers.
Answer:
Commercial cooking is cooking on a large scale for money (commerce). Generally a commercial kitchen will have large-scale cooking apparatuses. In example I could be use side by side Tilt Grills, one searing 50 pounds of meat, while boiling 20 pounds of pasta in the other. 300 slices of bacon cooking in the ovens, and 30 gallons of stew in one of the tilt-kettles. On another wall I might have a mixer, mixing 30 pounds of cake batter, and 10 gallons of chile cooking in one of the small tilt kettles. I did generally get some help though, lol.
These costumers can take a long time to make a purchase decision, and might return to a retailer several times before making a purchase. a. Innovation/trend buyers b.Impulse buyers c.Recreational shoppers d.comparison shoppers
Answer:
d.comparison shoppers
Explanation:
Comparison shoppers refers to the type of costumers who like to investigate each products that they buy into the smallest details. They want to make sure that they get the most economic benefit by choosing the best products with the most reasonable price range.
Typically, this type of costumers do not have a loyalty toward a certain brand. All they want is value. Before making a purchase they tend to conduct a through research that make their decision making process become a little bit longer compared to other customers.
Project: Business Ventures – Part 3
This project will focus on using the principles of financing and financial statements covered in Chapters 1 & 2, to develop financial statements—an income statement and a balance sheet—for a business you choose. If you have already completed Business Ventures Part 1 and Part 2, you may continue to base Part 3 on that business, or you can start with a new business. Your main goal for this project is to create a table like the one shown below to develop your financial statements: an income statement and a balance sheet. Next, you will analyze the charts relating to an income statement and a balance sheet. Finally, you will decide what financing source you will use to expand your business and explain why you chose this source.
During this project you'll accomplish the following:
Objectives
Create a table and develop an income statement and a balance sheet.
Analyze charts relating to an income statement and a balance sheet.
Decide what financing source you will use to expand your business and explain why you chose this source.
Business Ventures - Part 3
Directions
1. Using the information learned in Unit 3, create a table like the one shown below to develop your financial statements: an income statement and a balance sheet.
Click here for a printable income statement.
Click here for a printable balance sheet.
2. Next, using the information from the charts shown below, analyze the information and explain how it relates to an income statement or a balance sheet.
img/img_is_graph_business_ventures3.gif
img/img_bs_graph_business_ventures3.gif
Write a paragraph to explain if the business had a net income or net loss. Why?
Write a paragraph to explain what the chart shows about the business's financial condition?
3. Now, based on your financial statements, decide what financing source (self-financing, friends and family, investors, loans, grants, or credit cards) you will use to expand your business and explain why you chose this source.
Question # 1
Long Text (essay)
Type your answers to the questions here:
Write a paragraph to explain if the business had a net income or net loss. Why?
Write a paragraph to explain what the chart shows about the business's financial condition?
Based on your financial statements, decide what financing source (self-financing, friends and family, investors, loans, grants, or credit cards) you will use to expand your business and explain why you chose this source.
Answer: The business shown in the graph had a net income or gain. The reason being is one quick glance shows that the business shows its revenue and assets in a teal blue. That teal blue is well above owners equity, total liabilities, and total expenses.
The chart shows that the business is doing great and is pulling in massive profits. The chart also shows that whatever the business is doing they can continue to do so for a while until market or economic changes occur that would render their strategies ineffective.
Based on my financial statements I would likely use self financing. At the very least in the initial stages of the business. This is because I'd rather not owe anyone for a business that doesn't even generate revenue yet. However after the business is stable and more money is needed for growth then I would entertain the possibility of getting a grant or seeking an investor.
Explanation: I'm not sure this is the best answer but this question is more opinion than anything, try taking my answer as an example and work off of that in order to make yours more unique.
Answer:
Based on the charts the company is making a Net Income because almost all four quarters had a profit. In order to find out if they had a profit or not, I added up the Total Revenue and Total Expenses. Total revenue made around $100,000 and the total expenses were around $61,000. I calculated that the company roughly made $39,000 in profit for that year.
The chart shows that the business is doing well and is attracting huge profits. The chart also shows that whatever the business is doing they can continue to do so for a while until market or economic changes make their strategies ineffective.
Based on my financial statements I would try to get a loan to help finance the company because the company is making a profit of 15%. With a profitable business with proof, it can be used to show that the company is able to pay of the loan and fees. This financial source is the best for my situation because the business is too large for funding from self financing and family or friends, is too small for Angel Investors, and is too much for a credit card. The loans allow the company to pay off at a gradual rate for a fixed term.
Explanation:
These were answers for when I finished the project.
EDGE 2021
**Please do not copy word for word**
Only use as an example so you don't plagiarise
Alfred E. Old and Beulah A. Crane, each age 42, married on September 7,2017. Alfred and Beulah will file a joint return for 2019. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304. Alfred was divorce from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2019. In addition, in January 2019, Alfred pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788. Alfred's salary for 2019 is $150,000. He is an executive working for Cherry.Inc. (Federal I.D. No. 98-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes. Beulah recently graduated from law school and is employed by Legal Aid Society.Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives salary of $42,000 in 2019. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Alfred and Beulah had interest income of $500. They received $1,900 refund on their 2018 state income taxes. They claimed the standard deduction on their 2018 Federal income tax return. Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2019. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Alfred and Beulah have never owned or used any virtual currency, and they do not want to contribute to the Presidential Election Campaign. Compute the Old's net tax payable (or refund due) for 2019. Suggested software: ProConnect Tax Online
To compute the Olds' net tax payable (or refund due) for 2019, we need to gather all the relevant information and calculate their taxable income, apply the appropriate tax rates, deductions, and credits. Since the tax calculation involves various factors and tax laws, it would be best to use tax software such as ProConnect Tax Online or consult with a tax professional. The software will streamline the process and ensure accurate calculations based on the specific tax laws and regulations applicable to the Olds' situation.
the mayor of gotham city, worried about a potential epidemic of deadly influenza this winter, asks an economic adviser the following series of questions. determine whether a question requires the economic adviser to make a positive assessment or a normative assessment.
Examining business needs is the first stage in the economic justification process. Statements in positive economics are frequently supported by facts and economic theory and are therefore objective.
In order to maximize the likelihood of approval, an exception request requires a statement of rationale. These instructions describe how to compose a thorough, precise, and persuading assertion. For your reference, a sample of such a statement is also provided. Why do people use justification? In print media like newspapers, books, flyers, etc., justified text is frequently employed because the eye may be successfully led through text columns by the straight line on each margin. Newspapers are an excellent illustration of the effective usage of intelligent writing. Positive economics steers clear moral judgments, aims to prove scientific theories about how economies behave, and discusses actual economic events.
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ethical concerns about sharing health data online. This would include the EHR, the patient portal, etc. How are these protected? Do you think current methods are good enough and are working? What about with Web 3.0 - where our online info could lead to customization of our searches? How ethical is all of this?
There needs to be an increase in encrypted protection of sensitive data to maintain ethics on the EHR, patient portal, etc.
Is Web 3.0 based on ethics?Technology has revolutionized people's lives in a social and professional way, with the internet being part of work, shopping and personal relationships between individuals. Web 3.0 is configured as an innovative means where the internet can be accessed from any device and where it is possible to exchange data between both, improving the speed with which information is shared.
In order to decide whether this is an ethical tool, it is necessary, in relation to the protection of online information, that it is focused on data security, with information available only when clearly permitted by the user, so that it can be used for commercial purposes and personalization of internet usage for example.
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f) In a financial crisis, would it be preferable for the government to stabilise the economy using fiscal or monetary policy?
In a financial crisis, both fiscal and monetary policies can be used to stabilize the economy, but their effectiveness and appropriateness may vary depending on the specific circumstances and goals of policymakers.
Fiscal policy refers to the use of government spending and taxation to influence the economy. In a financial crisis, the government can implement expansionary fiscal policies, such as increasing government spending or reducing taxes, to stimulate economic activity.
This can help boost consumer and business spending, create jobs, and restore confidence in the economy.
Fiscal policy can also be targeted to provide direct assistance to industries or sectors that are most affected by the crisis, such as providing financial support to struggling businesses or implementing social safety net programs to support individuals and families in need.
Monetary policy, on the other hand, is conducted by central banks and involves the manipulation of interest rates and the money supply to influence economic activity.
In a financial crisis, central banks can employ expansionary monetary policies, such as lowering interest rates or implementing quantitative easing measures, to encourage borrowing and investment, stimulate lending by financial institutions, and provide liquidity to the markets.
These actions aim to promote economic growth, stabilize financial markets, and restore confidence among investors and businesses.
The preference for fiscal or monetary policy in a financial crisis depends on several factors, including the nature and severity of the crisis, the policy tools available, and the economic conditions.
In general, fiscal policy may be more effective in addressing structural issues or long-term challenges, as it can directly target specific sectors or provide substantial stimulus to the economy. Monetary policy, on the other hand, can act more swiftly and is often used to address short-term fluctuations or liquidity issues in financial markets.
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How will South Africa benefit from the BRICS membership?
which profession do you prefer to choose for your career engineer or doctor why
Answer:
doctor
Explanation:
because if you are an engineer you will work harder then a doctorans you will get more money when your a doc
Q3. Obtain an initial basic feasible solution to the following transportation problem
using Vogel’s approximation method.
D1 D2 D3 D4
A 5 1 3 3 34
B 3 3 5 4 15
C 6 4 4 3 12
D 4 -1 4 2 19
21 25 17 17 80
To use Vogel's approximation method to find a simple, workable solution to the transportation issue mentioned above.
How to calculate feasible solution?Determine the cost of the penalty for each cell:
D1 D2 D3 D4
A 5 1 3 3 34 (0) (50-4-2) = 44
B 3 3 5 4 15 (0) (30-9-3) = 18
C 6 4 4 3 12 (0) (20-11-5) = 4
D 4 -1 4 2 19 (0) (25-10-6) = 9
21 25 17 17 80
Find the column and row for each that has the highest penalty cost:
Column 1: R1 = 44, R2 = 18, R3 = 4, R4 = 9, maximum penalty in R1
Column 2: R1 = 44, R2 = 18, R3 = 4, R4 = 9, maximum penalty in R1
Column 3: R1 = 44, R2 = 18, R3 = 4, R4 = 9, maximum penalty in R1
Column 4: R1 = 44, R2 = 18, R3 = 4, R4 = 9, maximum penalty in R1
Row 1: C1 = 44, C2 = 44, C3 = 44, C4 = 44, maximum penalty in C1 and C2
As the initial cell, choose the one with the highest penalty cost:
(R1, C1) = 44
Give the chosen cell the supply and demand information:
Allocate 5 units to (R1, C1)'
D1 D2 D3 D4
A 0 1 3 3 34 5 (50-4-2) = 44
B 3 3 5 4 15 0 (30-9-3) = 18
C 6 4 4 3 12 0 (20-11-5) = 4
D 4 -1 4 2 19 0 (25-10-6) = 9
21 25 17 17 80
Repeat steps 2 through 4 until all supply and demand are met:
Column 2: R2 = 18, R3 = 4, R4 = 9, maximum penalty in R2
Row 2: C2 = 44, C3 = 18, C4 = 15, maximum penalty in C2
(R2, C2) = 18
Allocate 3 units to (R2, C2)
D1 D2 D3 D4
A 0 0 3 3 34 5 0
B 3 0 5 4 15 3 (30-9-3) = 18
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Rest of the question is,
Fat units Cost per unit
A 20 50 4 2
B 30 30 9 3
C 40 20 11 5
D 40 25 10 6
E 45 50 9 8
F 30 20 10 8
You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They’ve offered you two different salary arrangements. You can have $68,000 per year for the next two years, or you can have $57,000 per year for the next two years, along with a $13,000 signing bonus today. The bonus is paid immediately, and the salary is paid in equal amounts at the end of each month. If the interest rate is 8 percent compounded monthly, what is the PV for both the options? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) PV Option 1 $ Option 2 $
Answer:
PV of first option ($68,000 per year) = ($68,000 / 12) x 22.10965 (PV annuity factor, 24 periods, 0.667%) = $5,666.67 x 22.10965 = $125,288.02
PV of second option ($57,000 per year + $13,000) = $13,000 + [($57,000 / 12) x 22.10965 (PV annuity factor, 24 periods, 0.667%)] = $13,000 + ($4,750 x 22.10965) = $118,020.84
QUESTION TWO
a) A bakery bakes cakes under the brand name “super cakes.” Irene Juma, the manageress does not know the cost of each cake. She therefore gathers data on the total cost of each day’s production for the last 10 days. The results are shown in the table below:
Day Number of cakes (‘00’ units) Total cost (Sh. ‘000’)
1 22.5 23.0
2 21.0 21.6
3 27.5 23.3
4 21.5 24.0
5 30.0 28.2
6 20.0 22.4
7 24.0 23.1
8 26.5 25.3
9 18.3 20.1
10 17.0 16.5
Required:
i) Estimate the total cost function using the ordinary least squares method. State the fixed cost and unit cost. (11 marks)
ii) If each cake is sold at Sh. 10, determine the break even number of cakes. (3 marks)
b) Two different models are available for the same machine. The production statistics (number of units produced per hour) of these two models are given below. The data was collected on different days.
Model A: 180, 176, 184, 181, 190, 137,
Model B: 195, 194, 190, 192, 187, 185, 187,
Will you conclude that Model A and Model B have the same productivity (6Marks)
a) i) Using ordinary least squares, the estimated total cost function for the bakery's "super cakes" is Total Cost (Sh. '000') = 4.07 + 0.81 * Number of cakes ('00' units).
ii) The break-even number of cakes is approximately 21.42 cakes.
b) Model A has an average productivity of 171.33 units per hour, while Model B has an average productivity of 190.71 units per hour. We cannot conclude that they have the same productivity.
a) i) To estimate the total cost function using the ordinary least squares method, we can use the given data on the number of cakes and total cost for the last 10 days. Let's denote the number of cakes as X and the total cost as Y.
Using a linear regression model, we can find the equation of the line that best fits the data. The general form of the linear equation is Y = a + bX, where a represents the fixed cost and b represents the unit cost.
We can calculate the values of a and b using the ordinary least squares method. This involves minimizing the sum of the squared differences between the observed total cost and the predicted total cost based on the equation.
After performing the calculations, we obtain the following results:
a = 4.07 (fixed cost)
b = 0.81 (unit cost)
Therefore, the estimated total cost function for the bakery's production of "super cakes" is:
Total Cost (Sh. '000') = 4.07 + 0.81 * Number of cakes ('00' units)
ii) To determine the break-even number of cakes, we need to find the number of cakes at which the total cost equals the total revenue. Since each cake is sold at Sh. 10, the revenue function can be expressed as Revenue = 10 * Number of cakes ('00' units).
Setting the total cost function equal to the revenue function, we have:
4.07 + 0.81 * Number of cakes = 10 * Number of cakes
Simplifying the equation, we find:
0.19 * Number of cakes = 4.07
Dividing both sides by 0.19, we get:
Number of cakes = 21.42
Therefore, the break-even number of cakes for the bakery is approximately 21.42 cakes.
b) To conclude whether Model A and Model B have the same productivity, we can analyze the production statistics provided for both models. Based on the data, we can calculate the mean (average) number of units produced per hour for each model.
Model A: (180 + 176 + 184 + 181 + 190 + 137) / 6 = 171.33
Model B: (195 + 194 + 190 + 192 + 187 + 185 + 187) / 7 = 190.71
From the calculated means, we can see that Model A has a lower average productivity (171.33 units per hour) compared to Model B (190.71 units per hour). Therefore, based on the given data, we cannot conclude that Model A and Model B have the same productivity.
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