Answer:
The answer is $966.87
Explanation:
It is a semiannual paying coupon.
N(Number of periods) = 50 years ( 25 years x 2)
I/Y(Yield to maturity) = 3.05percent( 6.1 percent ÷ 2)
PV(present value or market price) = ?
PMT( coupon payment) = $29.2 ( [5.84 percent÷ 2] x $1,000)
FV( Future value or par value) = $1,000.
We are using a Financial calculator for this.
N= 50; I/Y = 3.05; PMT = 29.2; FV= $1,000; CPT PV= -966.87
Therefore, the market price of the bond is $966.87
Required information On November 1 Jerome sold some of its investment in Melina Corporation which had a cost of $750 for $1.000 cash. Complete the necessary journal entry selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns View transaction list Journal entry worksheet On November 1, Jerome sold some of its investment in Melina Corporation which hada con of $750 for $1.000 cash Complete the necessary journal entry selecting the account names from the p owers and entering dollar amounts in the b and credit columns Date General Journal D ebit Credit < Prev of 4 Next > MacBook Pro J
The journal entry to record the sale of the investment in Melina Corporation on November 1 would be:
Debit Cash: $1,000
Credit Investment in Melina Corporation: $750
Credit Gain on Sale of Investment: $250
What is the journal entry?The cash received from the sale of the investment is recorded with a debit to the Cash account for $1,000.
The original cost of the investment is recorded with a credit to the Investment in Melina Corporation account for $750.
The difference between the cash received and the original cost of the investment is the gain on sale, which is recorded with a credit to the Gain on Sale of Investment account for $250.
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Why is it important to visit Nissan-sponsored and third-party automotive websites?
Answer: NO DONT VISIT NISSAN, VISIT MCLAREN!
Explanation: MCLAREN > NISSAN
A country that does not have an absolute advantage in the production of any good or service: can specialize but will not gain from trade. can benefit from trade by specializing in goods in which it has a comparative advantage. can benefit from trade if another country gives up all of its gains. cannot benefit from trade under any circumstances.
A country that does not have an absolute advantage in the production of any good or service can benefit from trade by specializing in goods in which it has a comparative advantage.
A country has comparative advantage in production if it has a lower opportunity cost in the production of good when compared to other countries. A country should specialise in the production of the good for which it has a comparative advantage and import the goods for which it does not have a comparative advantage. This is the way the country can gain from trade.
A company has an absolute advantage in the production of a product if it produces a larger quantity of the product in comparison to other countries.
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Unit 1 Quiz
6
This holiday season, the hottest gift was a doll named Sparkle Princess within a few hours all of the stores sold out their stack of this
People who had been fortunate enough to buy a doll began to sell their dolls on the internet. Thousands of people logged on to try to
be a
the few dolls that were being sold on the Internet. What MOST likely happened with the internet sales?
CA The price went down because the supply was low and the demand was high
B. The price went up because the supply was low and the demand was high
CC The price went down because the supply was high and the demand was low
D. The price went up because the supply was high and the demand was low
Reser
Answer:
The price went up because the supply was low and the demand was high.
I believe
Explanation:
which of the following should not be recorded in income and expenditure account?
a.sale of old newspaper.
b.loss on sale of asset .
c.honorarium paid to the secretary .
d.Sale proceeds of furniture
Answer:
C. honorarium paid to the secretary
Explanation:
Suppose a self-regulating economy is in a recessionary gap at the time the Fed enacts expansionary monetary policy. Furthermore, suppose the Fed is able to enact expansionary monetary policy in such a precise way that the economy moves from a recessionary gap into long-run equilibrium, if there are no other changes in the economy. The combination of expansionary monetary policy and a self-regulating economy will cause: __________
a. Real GDP to rise to a level above Natural Real GDP
b. Real GDP to rise to a level below Natural Real GDP
c. Real GDP to rise to a level dqual to Natural Real GDP.
d. a recessionary gap to turn into an inflationary gap.
Considering the situation described above, the combination of expansionary monetary policy and a self-regulating economy will cause "Real GDP to rise to a level equal to Natural Real GDP."
This is because when Real GDP rises to a level equal to Natural Real GDP, that means the economy has adjusted such that the economy moves from a recessionary gap into long-run equilibrium.
Generally, the Real GDP shows the actual production level of a country, and as such, when there is neither inflation nor deflation, Real GDP equals Natural Real GDP.
Hence, in this case, it is concluded that the correct answer is option C. "Real GDP to rise to a level equal to Natural Real GDP."
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Shawn goes to the library to pick up a copy of a common tax form used file taxes. Which of the following is MOST likely the form that Shawn got?
1099
W-2
1776
1040
Answer:
Shawn would choose form 1040 filing tax form.
Explanation:
The answer is D.) 1040
I got a picture of the answer.
Hope this helps!
HELP PLSSS HALP
How many tears would it take to fill up a pool? Explain.
Answer: Lets say 2 tear drops equals a teaspoon, And 3 teaspoons equals a tablespoon and 2 tablespoons equals a fluid ounce and 32 ounces equal a quart and 4 quarts equal a gallon and lets say the pool is 10 gallons It would take about 768000 tears to fill a ten gallon pool. Not gonna lie not even i'm depression enough for that.
What are the three different types of stakeholders that the board must take into account of? Give examples of each type and explain to illustrate your points?
The various kinds of stakeholders that the board must take into account of are:
employeescustomers, and investors.Who is a key stakeholder?A significant stakeholder is critical to a company's long-term success. Key stakeholders may assist businesses in making strategic choices, reducing risks, and expanding their operations.
If you are active in assisting your business in reaching its objectives, it is critical that you understand who your key stakeholders are and how to identify them.
Employees are crucial because they drive the business, customers are crucial because, the are the reason for the existence of the business, investors are important because, they finance the business.
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A type of defined contribution plan with employee contributions for small businesses with 100 or fewer employees is called what?
A type of defined contribution plan with employee contributions for small businesses with 100 or fewer employees is called Savings Incentive Match Plan.
What is meant by a contribution plan?A defined contribution plan is a standard corporate retirement program where employees make financial contributions and employers often match those contributions. The 401(k) and 403(b) plans are two common varieties of these programs.
401(k) plans, 403(b) plans, employee stock ownership plans, and profit-sharing plans are a few examples of defined contribution plans.
Only if you are no longer employed in a PERF-covered employment are you eligible to receive a distribution, that is, withdraw the remaining balance of your Defined Contribution (DC) account (as a distribution or rollover to another qualified retirement plan).
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Data collected from selected major metropolitan areas in the eastern United States show that 5% of individuals living within the city limits move to the suburbs during a one-year period, while 2% of individuals living in the suburbs move to the city during a one-year period.
Prepare the matrix of transition probabilities.
Pulmonary Company's perpetual inventory records indicate that $237,390 of merchandise should be on hand on June 30, 2016. The physical inventory indicates that $211,280 of merchandise is actually on hand. Journalize the adjusting entry for the inventory shrinkage for Pulmonary Company for the year ended June 30, 2016. Assume that the inventory shrinkage is a normal amount.
Answer:
Dr Cost of Merchandise Sold $26,110
Cr Merchandise Inventory $26,110
Explanation:
Preparation of the adjusting entry for the inventory shrinkage for Pulmonary Company for the year ended June 30, 2016.
June 30 2016
Dr Cost of Merchandise Sold $26,110
Cr Merchandise Inventory $26,110
($237,390 – $211,280=$26,110)
(Being to record inventory shrinkage)
Thomas’ family also runs a gourmet food store that sells two main products: Premium Caviar and Goose Foie Gras. They import the Premium Caviar from Russia, and purchase Goose Foie Gras from Upstate New York. The two products are sold in boxes. Thomas gathers the following information:
Premium Caviar Goose Foie Gras Totals
Units 4,000 12,000 16,000
Revenue $100,000 $180,000 $280,000
Variable costs 56,000 105,000 161,000
Fixed costs 20,000 40,000 60,000
Profit $ 24,000 $ 35,000 $ 59,000
Selling price per unit $25.00 $15.00
Contribution margin per unit $11.00 $6.25
Profit margin per unit $6.00 $2.92
When Thomas took accounting courses at college, he knows how to do cost-volume-profit analysis pretty well. However, he just remembers how to do the analysis for those companies with only one product. Therefore, he needs your help to calculate the following:
a. What is the business’ weighted-average contribution margin per unit? (show your computation)
b. Calculate the business’ break-even point in units assuming the current sales mix. (show your computation)
c. What will be the number of Premium Caviar and Goose Foie Gras boxes at the break-even level of sales? (show your computation)
d. What is the business’ weighted average contribution margin ratio? (show your computation)
e. What level of sales (in dollars) will be needed to earn a profit of $64,950 assuming the current sales mix? (show your computation)
f. What will be the sales (in dollars) of Premium Caviar and Goose Foie Gras boxes for the business’ total sales calculated in Part e? (show your computation)
Ratio of the weighted average contribution margin will be 0.50, or 50%.
How is the weighted-average contribution calculated?To get the weighted-average contribution margin per unit, the sales mix must be known (the proportion of total sales for each product). Let's assume that the sales ratio for Premium Caviar & Goose Foie Gras is 50:50, which means that Premium Caviar makes up half of overall sales and Goose Foie Gras makes up the other half.
In order to compute the weighted-average contribution margin per unit, the contribution margin per unit for every product (Premium Caviar & Goose Foie Gras) must first be determined. Compute the contribution margin by deducting the variable cost per unit from of the selling price per unit.
Let's proceed with the supposition that:
Premium Caviar:
Selling price (per unit): $50
Variable cost (per unit): $25
Contribution margin (per unit): $50 - $25 = $25
Goose Foie Gras:
Selling price (per unit): $30
Variable cost (per unit): $15
Contribution margin (per unit): $30 - $15 = $15
To calculate the weighted-average contribution margin per unit, the contribution margin per unit for each product is multiplied by the proportion of sales for that product.
Weighted-average contribution margin (per unit) = (Premium Caviar's contribution margin per unit x percentage of premium caviar sales) + (Margin of contribution per serving of goose foie gras x the percentage of sales of goose foie gras)
= ($25 x 0.50) + ($15 x 0.50) = $20
The total fixed costs of the company must be known in order to determine the break-even point in units. Assume that the $100,000 total fixed expenses.
The following formula is used to compute the break-even point in units:
Break-even point (units) = Total fixed costs / Contribution margin (per unit)
= \(\frac{100,000}{2}\) = 5000 units
To figure out how many boxes of Premium Caviar and Goose Foie Gras are required to achieve break-even sales, we must first establish the sales mix. The sales mix we assumed earlier (50:50) can be multiplied by the break-even point in units to produce the following result:
Premium Caviar boxes = (Break-even point (units) x Proportion of sales)
= (5000 x 0.50) = 2500 boxes
Goose Foie Gras boxes = (Break-even point (units) x Proportion of sales)
= (5000 x 0.50) = 2500 boxes
The weighted average contribution margin per unit must be divided by the weighted average selling price per unit in order to obtain the weighted average contribution margin ratio.
Weighted-average selling price per unit = (Cost per unit of sale for premium caviar x percentage of premium caviar sales) + (Price per unit of goose foie gras for sale x the percentage of sales of goose foie gras)
= ($50 x 0.50) + ($30 x 0.50) = $40
Weighted-average contribution margin ratio = Weighted-average contribution margin (per unit) / Weighted-average selling price (per unit)
= \(\frac{20}{40}\) = 0.50 or 50%.
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Managers are responsible for helping company's code of ethics. to understand and follow their
Answer:
Yes, managers play an important role in helping employees understand and follow their company’s code of ethics. A code of ethics is a set of guidelines that outlines the ethical standards and values that a company expects its employees to uphold. Managers are responsible for communicating the code of ethics to their employees, providing training and guidance on ethical behavior, and ensuring that employees comply with the code. By promoting ethical behavior and leading by example, managers can help create a positive and ethical work environment.
Explanation:
As a leader, which of the following will NOT effectively influence the growth and performance of your direct reports?
Lack of managerial trust is the main barrier to the development of effective organisations.
What impact do leaders have on a company's performance?Leaders may support the success of their teams and the upholding of corporate values by offering chances for learning and development, goal-setting, and recognition. Employees can reach new heights with the aid of frequent one-on-one sessions and two-way feedback. Regular, transparent communication about their job increases the trust that employees have in their leader.
What factors have an impact on a company's performance?How successfully the organisation performs is influenced by a variety of factors, including human resource planning, recruiting procedures, employee training, and career management. Technology, organisational norms, material purchases, and inflation are other factors that have indirect effects on organisational effectiveness.
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As a leader, which of the following will NOT effectively influence the growth and performance of your direct reports?
a- organisational intelligence
b- team promotion
c- trust building
d- Lack of managerial trust
1. Explain your understanding of management.
Answer: Management means directing and controlling a group of people or an organization to reach a goal. Management often means the deployment and manipulation of human resources, financial resources, technological resources, and natural resources.
Hope it helped! if it did please mark me brainliest!!
tysm
Answer:
For me, there are two different meanings for the word management, it is either:
1. it is the process of dealing with or controlling things or people.
OR
2. it is the administration of an organization, whether it is a business, a non-profit organization, or a government body.
(Economics)
In an essay of at least two well-developed paragraphs, explain the global benefits of international trade and multinational corporations.
International trade refers to the exchange of goods and services across national borders. It plays a significant role in promoting economic growth and providing several global benefits.
One of the primary advantages of international trade is that it allows countries to specialize in producing goods and services in which they have a comparative advantage. This means that countries can focus on producing goods that they can produce more efficiently and at a lower cost compared to other countries. As a result, resources are allocated more efficiently, leading to increased productivity and higher standards of living.Furthermore, international trade enables countries to access a wider variety of goods and services that may not be available domestically. This increases consumer choices and provides opportunities for individuals to enjoy a higher quality of life. For example, consumers in a landlocked country can still enjoy fresh seafood by importing it from coastal countries. Similarly, individuals in colder climates can purchase tropical fruits from countries where they are grown.Multinational corporations (MNCs) also contribute to the global benefits of international trade. These are companies that operate in multiple countries, with business activities ranging from production to distribution. MNCs play a crucial role in facilitating international trade by establishing global supply chains, investing in foreign markets, and creating jobs. They bring capital, technology, and managerial expertise to host countries, which can lead to economic development and improved living standards.Moreover, MNCs often engage in research and development (R&D) activities, driving innovation and technological advancements. This can have far-reaching benefits for both the host country and the global economy. For instance, a multinational pharmaceutical company conducting R&D in a developing country may discover new drugs or medical treatments that can benefit people worldwide.In conclusion, international trade and multinational corporations provide numerous global benefits. They promote specialization, resource allocation efficiency, and access to a wider variety of goods and services. Additionally, MNCs contribute to economic development, job creation, innovation, and technological advancements. Overall, international trade and MNCs play a crucial role in fostering economic growth and improving the well-being of individuals and nations around the world.
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The most recent data from the annual balance sheets of Pellegrini Southern Corporation and Jing Foodstuffs Corporation are as follows:
Balance Sheet December 31st (Millions of dollars)
Jing Foodstuffs Pellegrini Southern Jing Foodstuffs Pellegrini Southern
Corporation Corporation Corporation Corporation
Assets Liabilities
Current assets Current liabilities
Cash $4,879 $3,136 Accounts payable $0 $0
Accounts receivable 1,785 1,148 Accruals 1,076 0
Inventories 5,236 3,366 Notes payable 6,096 5,737
Total current assets $11,900 $7,650 Total current liabilities $7,172 $5,737
Net fixed assets Long-term bonds 8,765 7,013
Net plant and equipment 9,350 9,350 Total debt $15,937 $12,750
Common equity
Common stock $3,453 $2,763
Retained earnings 1,860 1,487
Total common equity $5,313 $4,250
Total assets $21,250 $17,000 Total liabilities $21,250 $17,000
and equity
Pellegrini Southern Corporation’s current ratio is___, and its quick ratio is___; Jing Foodstuffs Corporation’s current ratio is___, and its quick ratio is___. Note: Round your values to four decimal places.
Which of the following statements are true?
a. Pellegrini Southern Corporation has less liquidity but also a greater reliance on outside cash flow to finance its short-term obligations than Jing Foodstuffs Corporation.
b. If a company’s current liabilities are increasing faster than its current assets, the company’s liquidity position is weakening.
c. If a company has a quick ratio of less than 1 but a current ratio of more than 1 and if the difference between the two ratios is large, then the company depends heavily on the sale of its inventory to meet its short-term obligations.
d. Pellegrini Southern Corporation has a better ability to meet its short-term liabilities than Jing Foodstuffs Corporation.
e. An increase in the current ratio over time always means that the company’s liquidity position is improving.
Answer:
Pellegrini Southern Corporation and Jing Foodstuffs Corporation
1. Pellegrini Southern Corporation’s current ratio is_1.3334__, and its quick ratio is_0.7467__; Jing Foodstuffs Corporation’s current ratio is_1.6592__, and its quick ratio is_0.9292__.
2. The true statements are:
a. Pellegrini Southern Corporation has less liquidity but also a greater reliance on outside cash flow to finance its short-term obligations than Jing Foodstuffs Corporation.
b. If a company’s current liabilities are increasing faster than its current assets, the company’s liquidity position is weakening.
e. An increase in the current ratio over time always means that the company’s liquidity position is improving.
Explanation:
a) Data and Calculations:
Balance Sheet December 31st (Millions of dollars)
Jing Pellegrini Jing Pellegrini
Foodstuffs Southern Foodstuffs Southern
Assets Liabilities
Current assets Current liabilities
Cash $4,879 $3,136 Accounts payable $0 $0
Accounts receivable 1,785 1,148 Accruals 1,076 0
Inventories 5,236 3,366 Notes payable 6,096 5,737
Total current assets $11,900 $7,650 Total current liabilities $7,172 $5,737
Net fixed assets Long-term bonds 8,765 7,013
Net plant/equipment 9,350 9,350 Total debt $15,937 $12,750
Common equity
Common stock $3,453 $2,763
Retained earnings 1,860 1,487
Total common equity $5,313 $4,250
Total assets $21,250 $17,000 Liabilities/Equity $21,250 $17,000
Jing Pellegrini
Foodstuffs Southern
Current Ratio: 1.6592 1.3334 (Current assets/Current liabilities)
Quick Ratio 0.9292 0.7467 (Current assets-Inventory/Current Liabilities)
What do you need to do if you have a
job and earn a paycheck?
A. put half of your paycheck in the bank
B. file a tax return
C. submit your pay stubs to your local law enforcement
office
D. invest in a 401k
Match each organization and agreement with the phrase that best describes it.
is a regional organization that promotes
growth in Southeast Asia
EU
establishes a shared economy with a
common currency
ASEAN
is an international organization that
works to promote fair-trade practices
WTO
creates a free-trade zone between
Canada, the US, and Mexico
NAFTA
Answer:
see below
Explanation:
ASEAN : Is a regional organization that promotes growth in Southeast Asia. ASEAN is short for the Association of Southeast Asian Nations. Its primary objective is to accelerate economic growth, promote peace, social integration, and cultural development in Southeast Asia.
EU: Establishes a shared economy with a common currency.
The (EU) European Union is composed of 27 member states that are located in Europe. EU is political and economic union that has created a single market by eliminating border restrictions and the creation of a common currency.
WTO : An international organization that works to promote fair-trade practices. WTO stands for The World Trade Organization . The main objective of WTO body is to regulate and liberalize world trade.
NAFTA creates a free-trade zone between Canada, the US, and Mexico.
The North American Free Trade Agreement (NAFTA) minimized or eliminated most tariffs between these counties.
Answer:
NAFTA-creates a free trade zone between Canada the us and Mexico
WTO-is an international organization that works to promote fair trade practices
EU-establishes a shared economy with a common currency
ASEAN-is a regional organization that promotes growth in Southeast Asia
3. Planning, and controlling & evaluation are considered as the two sides of a coin. Discuss why they are considered like this with examples. (5 points)
Answer:
planning and controling and evaluating are considered as the two side of acoin .why they are considered like thise with example
Explanation:
Planning is an important factor that preceded implementation, controlling and evaluation work closely with planning to achieve a goal.
What is planning?
Planning involves setting objectives and goals with targets and formulating a plan or program to achieve them.
The activities or plan helps the managers or individuals to analyze progress.
Planning, controlling and evaluation are three important factors that works together to achieve success.
Planning comes first in managementControlling or monitoring then follows to guide the plans Evaluation helps to measure the rate of success.Therefore, Planning, controlling and evaluation are three important factors that work together for effective management and to achieve success.
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Which statements are true (for a firm without non-operating income or expenses)? EBIT _____.
a. is the same as operating income
b. is the same as net sales
c. is the same as net income
d. does not include interest payments
Answer: a. is the same as operating income
d. does not include interest payments
Explanation:
The earnings before interest and taxes(EBIT) is used to measure the profit of a firm which has to do with all the incomes and the expenses that the firm makes except the income tax and the interest expenses.
It should be noted that EBIT is not the same as the net sales as it involves operating costs. Also, EBIT is higher than the net income.
Therefore, options A and D are the right answer.
all exculpatory clauses are against public policy and therefore, void.
Question 3 options:
True
False
Answer:
This is a law question.
Explanation:
First city bank pays 5 percent simple interest
Answer:
Answer: $2,252
Explanation:
First City Bank amount after 12 years;
= Amount + (Amount rate Number of years)
= 11,500+ (11,500 * 5% *12)
= $18,400
Second City Bank using Compound Interest
= 11,500 (1+5%) 12
= $20,652
Difference = 20,652-18,400)
= $2,252
2. In 2020, Leon Longrove sold a piece of business equipment that had an adjusted basis to him of $50,000 for $75,000 cash plus artwork that had a fair market value of $25,000. The buyer assumed Leon's $20,000 loan on the equipment. Leon paid $5,000 in selling expenses. What is the amount of Leon's gain on the sale
Answer:
Leon's gain = $65,000
Explanation:
Total consideration received by Leon = $75,000 (cash) + $25,000 (artwork) + $20,000 (loan assumed by buyer) = $120,000
Leon's total costs = $50,000 (equipment's basis) + $5,000 (selling expenses) = $55,000
Leon's gain = total consideration received - total costs = $120,000 - $55,000 = $65,000
4. (2) What did Sinclair want people to be
angry about?
5. (2) How do you think he felt about the
Triangle Fire a few years later?
6. (3) What government regulations did this
book bring about?
7. (2) What government regulations keep you
safe today?
8. (5) Do some research and write a
paragraph about either the Federal Motor Vehicle
Safety Standards OR the Federal Deposit
Insurance Corporation. Explain WHY it was
started and/or what the purpose is behind the
regulation. What has happened because of it?
What would happen without it?
Sinclair wanted to stop the exploitation caused by capitalism after the incident "Triangle fire". The book led to the passing of several laws that improved working condition and today, the government ensures business upholds safety measures in work place.
What Are Industrial LawsIndustrial laws are laws that govern the employment of workers in industry and commerce, including the formation and operation of trade unions, health and safety standards, wages, working hours, and other employment conditions.
(a) Sinclair wanted people to be angry about the extreme exploitation of workers in the immigration factories of the early 20th century, and the unsafe working conditions within them.
(b) Sinclair was appalled by the Triangle Fire, feeling that it was a tragic example of the dangers of unregulated capitalism. He felt that it was a symbol of the corruption and exploitation of workers.
(c) The book led to the passing of laws such as the Meat Inspection Act, the Pure Food and Drug Act, and the Factory Act, which improved safety and sanitation regulations in the workplace.
(d) Today, the government regulates safety in a variety of ways, including the Occupational Safety and Health Administration (OSHA), which sets standards for workplace safety and health, and the Consumer Product Safety Commission, which sets standards for the safety of consumer products.
e) The Federal Motor Vehicle Safety Standards (FMVSS) was created in 1966 as a way to improve the safety of motor vehicles. It sets standards for vehicle design, construction, performance, and durability. It requires manufacturers to meet certain safety standards in order to obtain license of operability. The Federal Deposit Insurance Corporation (FDIC) was founded in 1933 as a response to the Great Depression. Its purpose is to provide insurance for deposits held in banks and other financial institutions, protecting consumers from losses if a financial institution fails. This insurance guarantees that consumers will not lose out if something happens to their local bank.
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Your friend John works producing dress shirts and dress pants. Currently John can work a maximum of 8 hours per day. With the equipment he has, and the current level of expertise, he can finish either 2 shirts or 8 pairs of pants in an hour. This is true when he is performing at full capacity. Meaning doing the best possible work.
1. What is the maximum number of shirts he can make in a day? (10 points)
2. What is the maximum number of pants he can make in a day? (10 points)
3. What is the opportunity cost of making one pair pants (in terms of the amount of shirts he won't be able to make)? As an example, when you give up $20 dollars in exchange for 40 pencils, you can say that the “cost” per pencil was $0.50, because $20/40 = $0.50. (15 points)
4. What is the opportunity cost of making one shirt (in terms of the amount of pants he won't be able to make)? (15 points)
5. John's friend Anne, can make 2 shirts or 10 pairs of pants in an hour. Who has a lower opportunity cost of making shirts? In other words, who has a comparative advantage in the production of shirts? Explain your rationale (15 points)
6. Imagine now, that John and Anne are the only shirt and pants producers in their small town, how would you suggest that they spend their time at work to achieve the highest production of shirts and pants for the town? Explain your rationale. (15 points)
7. Imagine now, that John completes a training that doubles his capacity to make both shirts and pants per hour. a) What is the maximum number of shirts he can make in a day? b) What is the maximum number of pants he can make in a day? (15 points)
8. In 250 words, explain the relationship between comparative advantage and specialization. Support your answer with an example. (5 points)
To answer the questions provided, we must understand the concept of opportunity cost and comparative advantage and take the data into consideration.
John can make 16 shirts in day, that is, 2 shirts per hour worked, working 8 hours.Working 8 hours a day, John can make 64 pairs of pants, that is, 8 pairs per hour worked.The opportunity cost would be 0.25.The opportunity cost would be 4.Both John and Anne can make the same amount of shirts in an hour, so no one has a comparative advantage for the production of shirts.It would be best for them if Anne focused on making pants, since she can make more pants than John per hour. John would then focus on making shirts.a) John will make 32 shirts in a day, working 8 hours per day. b) John will make 128 pants a day, working 8 hours per day.Comparative advantage refers to being able to produce something at a lower opportunity cost than your competitors. Specialization, that is, the production of one specific product, can increase comparative advantage.What is opportunity cost?In economics, opportunity cost is what we do not gain, that is, what we miss from making a choice over another. If John chooses to use an hour to make 2 shirts, the opportunity cost refers to the pants that he will not make in that same hour.
Comparative advantage is related to who has a lower opportunity cost. Notice how Anne can make more pants than John in an hour. If she chooses to make shirts, she will be losing more than John. Thus, it is better for her to focus on making pants. John, on the other hand, should specialize in shirts, since his opportunity cost is lower.
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Five years ago, Logocom made a $5 million investment in a new high-temperature material. The product was not well accepted after the first year on the market. However, when it was reintroduced 4 years later, it did sell well during the year. Major research funding to broaden the applications has cost $15 million in year 5. Determine the rate of return for these net cash flows (in $1,000 units).
A clothing eCommerce comapny has an Average Order Value of $65. It costs the company $35 to produce the clothes in the average order and $15 to ship it to the customer. What is the Average Order's Gross Profit? * $65 $50 $30 $15
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The average order's gross profit for the ecommerce company is $15. The Option D is correct.
What is the calculation for the gross profit?To calculate the average order's gross profit, we will subtract the total cost of producing and shipping the clothes from the revenue generated by the order.
Revenue generated by the order is $65.
The total cost of producing and shipping the clothes is:
= $35 + $15
= $50.
The gross profit of the average order is:
= $65 - $50
= $15.
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Question 4 of 10
How is a first draft different from brainstorming?
A. Brainstorming is generally more difficult than writing a first draft.
B. Brainstorming is usually more focused than a first draft.
C. A first draft is less organized than the writing done in
brainstorming.
OD. A first draft begins to develop the ideas that came in
brainstorming.
A first draught begins to flesh out the ideas that emerged during brainstorming. When you brainstorm, you write down all of your ideas in the order they come to you.
What exactly do you mean by "brainstorming"?Brainstorming is a problem-solving method used in groups that involves the spontaneous contribution of creative ideas and solutions. This technique necessitates a lengthy, free-flowing discussion in which each group member is encouraged to think aloud and propose as many ideas as possible based on their diverse knowledge.
What is the primary goal of brainstorming?Brainstorming is a strategy for generating a large number of ideas to help solve a specific problem. The technique has been used for over 70 years and is still used today to engage students in problem solving. There is a general structure to follow when developing brainstorming sessions.
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