If we assume 250 working days in a year, the maximum price that he should be willing to pay for the soft drink machine is 3150. The expected profit is 3150.
a)No people who buy soft drinks each day = 0.09 * 1402 = 126
profit per day = 126 * 0.1 = 12.6
profit in year = 12.6 * 250 = 3150
maximum price willing to pay for the machine is 3150
b) expected profit = 12.6* 250 = 3150
Jose is considering buying a soft drink machine & installing it in a business office. He knows there is a 9 per cent chance that someone walking by the machine would buy something from it, and he knows the profit on each soft drink sold is $0.10. If Jose anticipates 1,402 persons passing by the machine each day and expects a one-year return on investment, assuming a year of 250 working days, the highest amount he should be ready to spend for the soft drink machine is $3150. Profit is estimated to be $3150.
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Accrual basis accounting differs from cash basis accounting in that accrual basis accounting records ______. (Check all that apply.)
Accrual accounting records income and expenses when transactions occur,but before money is received or distributed.
Cash-based accounting records income and expenses when the cash related to those transactions is actually received or delivered.Cash-based accounting allows businesses to record income and expenses only when cash is actually received or paid.Accrual accounting involves keeping track of income and expenses as they are incurred when an invoice is sent or an invoice is received rather than when the money actually changes hands.In other words,the cash basis of accounting recognizes expenses incurred and income earned immediately,when money changes hands between two parties involved in the transaction.Whereas, the accrual basis of accounting recognizes the expenses.Accrual accounting recognizes income when earned and expenses when incurred,regardless of when the money actually changes hands.
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Required Information New Trade Theory and Aircraft Production You are about to read a short case detalling the aircraft manufacturing Industry. New Trade Theory helps to explain the pattern of trade in the Industry and how government can play an important role in supporting certain industries. You will be asked to answer questions linking your knowledge from the chapter to the situation detalled in the case. Review the text material on New Trade Theory, and then read the following short case. When you have finished reading the case, answer the questions below. Airbus, the European Union based producer of jet aircraft, manufacturers the largest commercial passenger aircraft available in the global marketplace. The alrcraft known as the Airbus 380 carries up to 835 passengers thanks to its unique double-decker seating design. The Airbus 380 is truly a global product. It is produced and assembled primarily in France, Germany, Switzerland, and the United Kingdom, with parts coming from around the world. In a blow to its revenue projections, Airbus recently announced that two commercial airline companies had cancelled orders for the Airbus 380. The news was significant, because the cancellations would have a serious Impact on Airbus's ability to recapture its Investment in developing the alrcraft and reaching its projected break even point. To break even in Its production, Airbus needed to fill orders of 250 aircraft worldwide. Airbus quickly rebounded, though, thanks to an order by Saudi Arabia's national airline, Emirates, which added two additional Airbus 380s to its Initial order. A spokesperson for the airline sald that Emirates likes the aircraft because of its size, which helps minimize congestion at peak times and locations. So far, Airbus's chief competitor. Boeing, has avoided head-to-head competition with Airbus in the high-capacity alrcraft sector. The Washington state-based company's largest aircraft is its distinctively designed 747. The very successful 747 was first flown in 1970 and while it offers double-level seating like the Airbus 380, its upper level space is considerably smaller than that of the Airbus 380. In fact, the Boeing 747 has about 40 percent less floor space than the Airbus 380. Production costs for the Boeing 747 are high and consequently, like the Airbus 380, there is a limited market for the 747. Until the introduction of the Airbus 380, Boeing's jumbo jet was virtually unchallenged in the global market place. The economies of scale and strategic advantage Boeing had accrued made it nearly Impossible for competitors to gain entry into the market. New Trade Theory would suggest that Boeing has stayed out of head-to-head competition with Airbus in the super large capacity alrcraft sector because Multiple Choice the Boeing 747 is more fuel efficient Airbus was first to market with the Airbus 380 aircraft. Airbus has better designers. Boeing already produces the 747. most buyers for the aircraft are located in markets closer to Airbus.
New Trade Theory would suggest that Boeing has stayed out of head-to-head competition with Airbus in the super large capacity aircraft sector because Boeing already produces the 747.
New Trade Theory suggests that firms can achieve economies of scale by specializing in the production of specific goods, leading to the emergence of dominant firms in certain industries. Boeing has been producing the 747 for several decades, which has given them a strategic advantage and allowed them to achieve economies of scale. However, with the emergence of the Airbus 380, which offers more floor space and can carry more passengers, Boeing has faced new competition in the super large capacity aircraft market. Despite this, Boeing has chosen to focus on other aircraft models and has not engaged in direct competition with Airbus in this market. This is likely because they already have an established product in the 747, which is still in demand, and because they have a strong market position in other aircraft sectors. By focusing on other products, Boeing can continue to maintain its economies of scale and strategic advantage in those markets.
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through which of the following marketing mix variables do companies capture value from consumers, resulting in the generation of revenue?
Companies capture value from consumers and generate revenue through the "price" variable of the marketing mix.
Price is the amount of money that a customer must pay to acquire a product or service, and it directly impacts the revenue that a company earns. The price charged by a company is often based on a variety of factors, such as the cost of production, the level of competition, and the perceived value of the product or service to the customer.
The other marketing mix variables - product, promotion, and place (distribution) - are also important in creating value for consumers and influencing purchasing behavior. However, it is the price that ultimately determines the revenue generated by a company.
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1. The level of prices and the value of money Suppose the price level reflects the number of doliars needed to buy a basket of goods containing one energy drink, one egg sandwich, and one bike rental. In year one, the basket costs
$15.00
. In year two, the price of the same basket is
$14.00
. From year one to year two, there is at an annual rate of In year one,
$120.00
will buy baskets, and in year two,
$120.00
will buy baskets. This example illustrates that, as the price level falls, the value of money Continue without saving
This means that the purchasing power of money increased by 100% from year one to year two.
The example illustrates that a decrease in the price level leads to an increase in the purchasing power of money. Mathematically, the rate of change in the purchasing power of money is equal to the inverse of the rate of change in the price level.
Thus, the rate of change in the purchasing power of money from year one to year two is equal to the inverse of the rate of change in the price level,
i.e., 1/($15.00–$14.00) = 1/1.00 = 100%.
This means that the purchasing power of money increased by 100% from year one to year two.
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Answer:
When the price of a commodity changes the tilt of the budget line of the consumer moves.
Explanation:
One opportunity cost families face is the time value of money. What does this refer to?
You Answered
the income one gets from a part-time job
the time spent with loved ones
the change in interest rates over a period of time
Correct Answer
the monetary increase found in earning interest
Your answer said it was option A. That was wrong, it is option D: the monetary increase found in earning interest.
The given statement “One opportunity cost families face is the time value of money” refers to the income one gets from a part-time job. Hence, Option A is correct.
What does money's opportunity cost entail?
What you lose while choosing between two or more options is measured in terms of opportunity cost. This fundamental idea applies to both investing and everyday life.
Opportunity cost is the amount of money you might have lost out on by buying one asset over another while making an investment.
What does opportunity cost mean exactly?
The opportunity cost of a decision is whatever must be given up in order to make it, hence it is the financial expense incurred while making a choice.
Opportunity cost is demonstrated by the fact that when someone chooses to attend college, they forfeit the chance to work and earn money during that time.
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Answer:
the monetary increase found in earning interest
Explanation:
What happens if an eyewitness gets subpoena and he decides not to go to court?
The average annual stock return is 11. 3%. If you begin your investment portfolio with $2,000, what will your portfolio be worth in 30 years if the average holds? a) $11,130 b) $12,675 c) $20,303 d) $49,646.
The portfolio will be worth of $20,303 in 30 years if the average holds and if the average annual stock return is 11. 3%. (Option C)
How do you calculate the future value of an investment?To calculate the future value of an investment with compound interest, we can use the formula:
FV = PV x (1 + r)^n
where FV is the future value, PV is the present value, r is the annual interest rate, and n is the number of years.
In this case, we have an annual interest rate of 11.3%, a present value of $2,000, and a time horizon of 30 years. So, plugging these values into the formula, we get:
FV = $2,000 x (1 + 0.113)^30
FV = $2,000 x 10.131
FV = $20,262
Therefore, the answer is c) $20,303 (rounded to the nearest dollar).
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HELP
Durring WWII, the British asked a statistician where they should add extra armor to their bombers to prevent them from being shot down.
Because fighting between planes is so chaotic, he reasonably assumed the bullets hit a random location on the bombers. But where are the
vunerable places Allies can armor to minimize the danger of an enemy's lucky shot? The statistician poured over their damage reports, which
indicated where each bomber was hit by gun fire after it returned from a bomber run According to his data, some areas of the plane were hit
regularly, some areas of the plane were hit occassionally, and some areas of the plane were never hit. Where you do put armor on the plane?
(HINT think about the accuracy of this sample)
The British sought statistician Abraham Wald to assist them in determining where to put armour on their bombers during World War II. He suggested increasing the armour in the areas with no damage after reviewing the records!
Where you do put armor on the plane?
At first glance, this looks backward, but Wald understood his data came from bombers that made it. In other words, the British could only examine the bombers that had made it back to England; those that had been shot down over hostile territory were not included in their sample. Where these bombers could afford to be hit is evident by their injuries. Or, to put it another way, because the planes that were attacked in those locations did not make it back from their missions, the undamaged areas on the survivors demonstrated where the lost planes must have been hit.
Wald thought that everyone was firing shots at random and that nobody could accurately aim for a specific area of the bomber. Instead, they attempted to hit the plane's general area and occasionally were successful. Wald, for instance, did not draw the conclusion that Nazis preferred to aim for the centre of wings when he noticed that more bombers in his sample had bullet wounds there. He reasoned that there must have been roughly the same number of bombers with holes in every other area of the aircraft, but that those bombers with holes in other locations were not included in his sample since they had been shot down.
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Which of the following is NOT a study myth?
None of the above is a study myth. Study has great importance in one's life.
What role does education have in our lives?Your self-worth, competence, and confidence can all rise thanks to effective study techniques. They can help lessen stress associated with deadlines and tests. By improving your study techniques, you might be able to reduce the amount of time you spend studying and free up more for other activities. Finding a peaceful place to study, having a break, creating goals, and taking practise exams are all examples of good study habits. Here is the whole list along with the psychological underpinnings of each. There is a learning curve. Critical abilities including decision-making, mental flexibility, dilemma, and logical thinking are developed through education. People experience difficulties in both their personal and professional lives.
The complete question is:
Which of the following is not a study myth?
You can multitask while you study.
Highlighting the main points of a text is useful.
Setting effectively is effortless.
All of the above.
None of the above.
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Today ______ countries generate average income levels that approach the earnings of free Americans on the eve of the revolution.
a. no
b. relatively few
Today relatively few countries generate average income levels that approach the earnings of free Americans on the eve of the revolution.
The average income per individual in a particular location (city, region, country, etc.) for a given year will be quantified by per capita income (PCI), also known as total income. The figure is established by dividing the region's overall income by its whole populations. It displays the national income divided by the population. The annual salary of a sector and indeed the wealth of various populations are likened using per capita income. The standard of life of a nation is mainly evaluated using per capita income. Typically, it is presented in terms of such a generally recognized foreign currency, like the euro or the US dollar.
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although global strategy is associated with business, the term globalization means the close integration of countries and people of the world.a. trueb. false
Although global strategy is associated with business, the term globalization means the close integration of countries and people of the world - True
Globalization is a more general and acceptable phenomenon that describes the growing interconnectedness and integration of individuals, nations, and economies across the globe, whereas global strategy is a marketing plan employed by a business or organization to be able to compete globally.
A number of causes, including developments in technology and transportation, trade liberalization, and the expansion of multinational corporations, have fueled globalization. Thus, now the cross-border movements of commodities, capital, and individuals is more extensive. There is also more intercultural interaction and communication. In this way, whereas global strategy is a corporate idea, globalization is a broad trend with effects on a variety of fields.
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Why’d you get into real estate?
Real estate is a profitable making business providing the basic need of people
What is real estate?Real estate refers to the business of buying, selling, or renting land, buildings, or housing. It encompasses a wide range of properties, including residential homes, commercial buildings, and industrial parks.
The real estate industry involves many professionals, including real estate agents, brokers, appraisers, and surveyors, who assist individuals and businesses in navigating the process of buying, selling, or renting properties.
The value of real estate can be influenced by a variety of factors, including location, local economic conditions, and the state of the housing market. Real estate is often considered a solid investment opportunity, as property values generally tend to appreciate over time.
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A former agent arranges a lease. The owner accepts rent under this lease. The owner cannot disaffirm the lease because there was
a. an agency by ratification
b. an agency by estoppel
c. a general agency
d. a universal agency
The owner cannot disaffirm the lease because there was an agency by ratification. According to Section 196 of the Indian Contract Act, an agency may be established through ratification. The answer is OPTION A.
It states that when an act is performed on behalf of someone without that person's knowledge or consent, that person may ratify the action. Ratification has the effect of binding the ratifier to the agency as if he had specifically given the individual permission to conduct business on his behalf. Ex post facto agency, or agency originating after the fact, is another name for an agency established by the ratification.
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1. List four principles of insurance. (4mks)
Insurable Interest
The right to insure arising out of a financial relationship, between the insured to the insured and legally recognized.
Utmost good faith
An action to disclose accurately and completely, all facts material (material fact) about something that will be insured is requested or not. The meaning is: the insurer must honestly explain everything clearly about the extent of the terms / conditions of the insurer and the insured must also provide a clear and correct for objects or interests of the insured.
Proximate cause
is an active cause, efficient cause that chain of events that lead to a result without the intervention of the start and working actively from a new and independent.
Indemnity
One mechanism by which the insurer provides financial compensation to place the insured in a financial position that he had prior to the loss
assuming a market is currently at the equilibrium price and quantity, what happens when a price ceiling is set above the equilibrium price
When a price ceiling is set above the equilibrium price in a market that is currently at the equilibrium price and quantity, it will have no immediate effect on the market.
Since the price ceiling is set above the equilibrium price, it is higher than the price that the market would naturally settle on. This means that the price ceiling will have no impact on the current market transactions, as buyers and sellers are already satisfied with the current price and quantity.
However, over time, the price ceiling can lead to market distortions. Since the price ceiling is below the market clearing price, it will cause a shortage in the market as the quantity demanded exceeds the quantity supplied at the price ceiling. This shortage can result in several negative outcomes such as black markets, rationing, long lines, and reduced product quality.
Additionally, producers may be discouraged from producing and supplying the good because they are not able to charge the price they need to cover their costs and make a profit. This can lead to a decrease in the quantity supplied and cause further market distortions.
In summary, while a price ceiling set above the equilibrium price in a market that is currently at the equilibrium price and quantity may have no immediate effect on the market, it can cause market distortions in the long run.
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The aggregate demand curve slopes downward in part because as the price level falls, foreigners will want to buy less of our goods as they are perceived to be inferior now for the same reasons why market demand curves slope downward in part because a falling price level reduces real wealth, and this induces people to increase their consumption spending in part because as the price level falls, the ability of households and firms to borrow more cheaply increases
The aggregate demand curve slopes downward due to the inverse relationship between price level and quantity demanded.
The aggregate demand curve is downward sloping due to three main reasons. Firstly, a fall in the price level reduces the real wealth of consumers, leading to a decrease in consumption spending. Secondly, a fall in the price level makes exports more expensive, reducing the quantity of exports demanded and resulting in a decrease in net exports. Thirdly, a fall in the price level reduces the cost of borrowing for households and firms, leading to an increase in investment spending. In addition, as the price level falls, consumers may delay their purchases in anticipation of even lower prices in the future, further reducing the quantity demanded. Overall, the downward slope of the aggregate demand curve represents the inverse relationship between the price level and the quantity of goods and services demanded by households, firms, and foreign buyers.
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Arc co. Purchased a piece of equipment for $25,000. At the end of the year, the book value of the equipment is $12,000. The salvage value is 0. How much is accumulated depreciation, using the straight-line method, at the end of the period?.
The equipment's book value at the end of the year is $12,000 There is no salvage value. How much depreciation has accrued throughout the course of the period?
What is the meaning of IT equipment?
IT equipment includes anything that is used to create, convert, or duplicate data or information, including computers, servers, ancillary equipment, phones, and other telecommunications devices. It also includes office supplies like photocopiers and fax machines. Equipment is a noncurrent asset, often known as a fixed asset. A long-term investment made by your organisation that is unlikely to or does not easily convert to cash within an accounting year is referred to as a noncurrent asset. In general, property, plant, and equipment are considered fixed assets (PP&E).
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Question # 10
Multiple Choice
A marketing research firm charges a client a low fee chiefly because they have been told they will be
getting additional business from the client within six months. That never happens. This is an example of
O client confidentiality
O misleading promises
seeking unnecessary bids
low-ball pricing
A marketing research firm charges a client a low fee chiefly because they have been told they will be getting additional business from the client within six months. That never happens. This is an example of misleading promises. Thus the correct option is B.
What are misleading promises?When an employer makes a claim about something it is doing or preventing, but is unable to do so or does not wish to, it is considered to have made a false promise.
The fact that a marketing research company charges a client a cheap rate in order because they have been assured that they would have new business from the client within six months signifies this trait in the specific scenario as well.
Therefore, option B is appropriate.
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Indicate whether each of the following statements is true or false,
& Country Als labour share is 60%, Country B's lebour shere is 70%, and labour is growing at a rate of 3% in both counties kosning
capital and technology are not growing in either country, Country has a higher growth rate of output
6. Country Als labour shere is 40%, Country B's labour shere is 70%, and labour is growing at a rate of 10% in country and in
country B. Assuming capital and technology are not growing in either country, Country A has a higher growth rate of org
c Labour is growing at a negative rate in country A and a positive rate in country B.so country must have a higher grow of
output o
d. Labour and capital are both growing more quickly in Country Athen in Country 8,so Country A must have a higher growth rate d
outour dans
The labor force is expanding at the same rate in both nations, but country B has a higher labor share of total production.
TrueFalseFalseFalseWhat is labour share?The portion of economic output that goes to workers as remuneration is known as the labor share. It is determined by dividing the remuneration received over a given time period by the amount of economic output generated during that same time.
The portion of national income or the income of a specific economic sector that is devoted to wages is known as the wage share or labor share in economics.
In country A growth rate = labour share * growth rate in labour = 40% *10% = 400/100 = 4
In country B growth rate = 70% *6% = 420/100 = 4.2
So growth rate in country B is higher.
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Manufacturing a shoe manufacturer spends $2. 50 to make sandals and $4 to make running shoes. During a typical month, they spend $2500 manufacturing sandals and running shoes. During the month of april, they double the pairs of sandals manufactured and spend a total of $3000.
MANUFACTURING Sandals cost $2.50 to create and $4 to make by a shoe manufacturer. The average monthly expenditure is $2500.
Which sandal is most suitable for everyday use?
Which sandal is the most suitable for daily use? Leather sandals can be worn every day and are incredibly durable. Additionally, some of the greatest leather sandals are constructed with premium leather that is comfortable for your feet. Flip flops and sandals frequently provide little to no ankle and arch support. This lack of support can cause pain to develop, and it may even increase your risk of accidents like ankle sprains.
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Available-for-sale Investment Problem
On Jan 1, 2020, Company A sold $500,000 of 8% bonds to Company B. The bonds mature on Dec 31, 2023. For bonds of similar risk and maturity, the market rate was 10%. Interest is paid semiannually on June 30 and Dec 31. Company B purchased the bonds for $467,684.20 as an investment and plans to hold them for 2 years. The fair value of bonds at 12/31/2020 was $450,000. Company B's fiscal year end is Dec 31 and 2019 was its first year of business.
1. record the fair-value adjusting entry for Company B as of 12/31/20.
2. Assume the fair value of these bonds is $487,000 at 12/31/21. Record the Journal entries Company B should make on 6/30/21 and on 12/31/21 related to this investment.
3. Assume Company B sells these bonds on 3/1/22 for $470,100. Prepare all journal entries required on 3/1/22 (accrue interest, adjust to fair value, reclassification entry, sale of the investment)
1. Record the Fair-Value Adjusting Entry for Company B as of 12/31/20:
Debit Investment in Bonds $33,315.80
Debit Investment in Bonds $33,315.80Credit Unrealized Loss on Available-for-Sale Investments $33,315.80
2. Journal Entries Company B Should Make on 6/30/21 and on 12/31/21:
6/30/21
6/30/21Debit Interest Expense $20,000
6/30/21Debit Interest Expense $20,000Credit Interest Payable $20,000
6/30/21Debit Interest Expense $20,000Credit Interest Payable $20,00012/31/21
6/30/21Debit Interest Expense $20,000Credit Interest Payable $20,00012/31/21Debit Investment in Bonds $37,315.80
6/30/21Debit Interest Expense $20,000Credit Interest Payable $20,00012/31/21Debit Investment in Bonds $37,315.80Credit Unrealized Gain on Available-for-Sale Investments $37,315.80
3. Journal Entries Required on 3/1/22:
Debit Interest Expense $1,500
Debit Interest Expense $1,500Credit Interest Payable $1,500
Debit Interest Expense $1,500Credit Interest Payable $1,500Debit Investment in Bonds $17,184.20
Debit Interest Expense $1,500Credit Interest Payable $1,500Debit Investment in Bonds $17,184.20Credit Unrealized Loss on Available-for-Sale Investments $17,184.20
Debit Interest Expense $1,500Credit Interest Payable $1,500Debit Investment in Bonds $17,184.20Credit Unrealized Loss on Available-for-Sale Investments $17,184.20Debit Cash $470,100
Debit Interest Expense $1,500Credit Interest Payable $1,500Debit Investment in Bonds $17,184.20Credit Unrealized Loss on Available-for-Sale Investments $17,184.20Debit Cash $470,100Credit Investment in Bonds $470,100
Debit Interest Expense $1,500Credit Interest Payable $1,500Debit Investment in Bonds $17,184.20Credit Unrealized Loss on Available-for-Sale Investments $17,184.20Debit Cash $470,100Credit Investment in Bonds $470,100Debit Gain on Sale of Investment $2,915.80
Debit Interest Expense $1,500Credit Interest Payable $1,500Debit Investment in Bonds $17,184.20Credit Unrealized Loss on Available-for-Sale Investments $17,184.20Debit Cash $470,100Credit Investment in Bonds $470,100Debit Gain on Sale of Investment $2,915.80Credit Unrealized Gain on Available-for-Sale Investments $2,915.80
Accounts Receivable
Building
Cash
Common Stock
Interest Receivable
Land
Prepaid Rent
Salaries Payable
Supplies
Unearned Fees
Wages Expense
Normally requires adjustment (AR).
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1. The type of return to scale is an increasing returns to scale.
2. The isoquant is concave to the origin which means it is convex to the input space (K,L).
What is the type of return to scale?a. To determine the type of return to scale, we can examine the impact of increasing all inputs in the long run. The long run production function is Q=6K^2L^2, so if we increase K and L by a factor of n, we get:
Q=6(nK)^2(nL)^2
Q=6n^2K^2L^2
The output has increased by a factor of 6n^2, which means that the production function exhibits increasing returns to scale.
Computation of isoquant equation and if it is negatively sloped and it is convex to the origin:To derive the isoquant equation, we can set the production function equal to a constant level of output, say Q0:
Q0=6K^2L^2
Solving for L, we get:
L = SQRT(Q0/6K^2)
This equation shows the combinations of capital and labor that produce a given level of output. To show that the isoquant is negatively sloped, we can take the partial derivative of L with respect to K:
dL/dK = (-SQRT(Q0/6))(4K^2)^(-3/2) = -SQRT(Q0/6)/(4K^2) < 0
This shows that as we increase the amount of capital (K), we need to decrease the amount of labor (L) to keep output constant. In other words, the isoquant is negatively sloped.
To show that the isoquant is convex to the origin, we can take the second derivative of L with respect to K:
=> d^2L/dK^2 = 3SQRT(Q0/6)(4K^2)^(-5/2)
= 3SQRT(Q0/6)/(16K^4) > 0.
This shows that the isoquant is concave to the origin, which is the same as saying that it is convex to the input space.
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A manufacturing firm has discontinued production of a certain unprofitable product
line. This created considerable excess production capacity. Management is considering to
devote this excess capacity to one or more of three product 1,2 and 3. The available capacity
on the machines which might limit output are given below:
Machine type Available time
(in machine hours per week)
Milling
machine
250
Lathe 150
Grinder 50
The number of machine hours required for each units of the respective product is given
below;
Machine type Productivity (in machine hours/unit)
Product 1 Product 2 Product 3
Milling 8 2 3
Lathe 4 3 0
Grinder 2 0 1
The unit profit would be 20 birr, 6 birr and 8 birr for products 1,2 and 3. Find how much of
each product the firm should produce in order to maximize profit ? Solve the problem by
simplex method.
The simplex method is a mathematical optimization technique used to solve linear programming problems.
What is simplex method ?To maximize profit in this case, we need to form a linear programming problem and then use the simplex method to find the optimal solution.
Here, the objective function is to maximize profit, which is equal to 20x1 + 6x2 + 8x3
where x1, x2 and x3 are the number of units of products 1, 2 and 3 produced respectively. The constraints are given by the available machine hours:
8x1 + 4x2 + 2x3 <= 250 (for milling machine)
3x1 + 3x2 <= 150 (for lathe)
x3 <= 50 (for grinder)
And non-negativity constraints: x1, x2, x3 >= 0
Once the LP problem is set up, the simplex method can be used to find the optimal solution by iteratively finding a feasible solution that improves the objective function until it reaches a maximum.
The optimal solution represents the number of units of each product that should be produced to maximize profit.
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Overview: The importance of compensation varies depending on the viewpoint, as stated by Barry Gerhart and Jerry Newman in Compensation. Society views compensation as a measure of justice; managers may view compensation as a major expense or a motivator; employees view compensation as an entitlement or as an incentive. Regardless of the viewpoint, fairness and equity are essential. Compensation must also be up-to-date, competitive in the market, and easy to understand. Aligned pay structures support the way the work gets done, fit the organization’s business strategy, and are fair to employees. Organizations typically task an in house human resource (HR) professional or hire an HR consultant to create and maintain the company’s pay structure. Prompt: In Milestone One, you will address the internal consistency component of a pay structure using the specially designed case scenario. Read the Final Project Case Study (linked to in your course) for detailed information on the requirements for this project. Specifically, you must address the critical elements listed below
c. Create job families for all the roles at the Rockville location. The families may be illustrated in a table or bullet format. List positions within each family based on the difficulty level. Provide a rationale for why jobs were assigned to the various families.
(in the final case study which is a url powerpoint presentation I cant attach, it says The positions needed for the new Rockville location fall into several different job families such as production, office support, and human resources.) hope the update helps.
Production Supervisor, Responsible for overseeing the production process, ensuring that all processes are running smoothly and efficiently.
Responsible for operating the production equipment, performing tasks to meet quality standards, and ensuring that production is meeting the company's goals. Responsible for operating and maintaining the production equipment and ensuring that it is running safely and efficiently. Responsible for inspecting products and ensuring that they meet the company's quality standards. Rationale, These jobs all require a knowledge of the production process, and the ability to operate and maintain production equipment. The Production Supervisor is responsible for overseeing the production process, while the Production Worker is responsible for operating the production equipment and meeting quality standards. The Machine Operator is responsible for operating and maintaining the production equipment, and the Quality Control Inspector is responsible for ensuring that the products meet the company's quality standards.
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Customer order processing, accounts receivable systems, and warranty claim processing are examples of what type of information system?
a. Transaction Processing Systems
b. transaction processing systems
Customer order processing, accounts receivable systems, and warranty claim processing are examples of transaction processing systems.
An information processing system for business dealings that collects, modifies, and retrieves all data collected is known as a transaction processing system (TPS). A TPS's attributes includes efficacy, dependability, and consistency. Real-time processing or event processing are other names for TPS. The outcomes of each transaction are readily available throughout payment services, there is no wait. Errors may happen during the batch processing delay. Whilst errors can happen through payment services, they are uncommon, acceptable, and does not call for the system to be shut down. Data must be readily accessible if performance, durability, and consistency are to be achieved.
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What is the benefit of having financial security?
Answer:
It keeps financial stress to a minimum and helps you feel in control of your future.
John Box Inc. has an annual interest expense of $30,000 and
pays income tax equal to 40 percent of taxable income (EBT).
John Box's times-interest-earned ratio is 4.2. What is John Box's
net income?
If John Box Inc. has an annual interest expense of $30,000 and
pays income tax equal to 40 percent . John Box's net income is; $56,700.
How to find the net income?To calculate John Box Inc.'s net income, we first need to find its earnings before interest and taxes (EBIT). We can use the times-interest-earned ratio to find EBIT.
The times-interest-earned ratio is calculated as:
EBIT / Interest Expense = Times-Interest-Earned Ratio
We can rearrange this formula to solve for EBIT:
EBIT = Times-Interest-Earned Ratio * Interest Expense
Plugging in the given values, we have:
EBIT = 4.2 * $30,000
EBIT = $126,000
Now that we know EBIT, we can calculate John Box Inc.'s taxable income by subtracting interest expense from EBIT:
Taxable Income (EBT) = EBIT - Interest Expense
Taxable Income (EBT) = $126,000 - $30,000
Taxable Income (EBT) = $96,000
Finally, we can calculate John Box Inc.'s net income by subtracting income tax from taxable income:
Net Income = Taxable Income (EBT) - Income Tax
Net Income = $96,000 - (40% * $96,000)
Net Income = $96,000 - $38,400
Net Income = $57,600
Therefore, John Box Inc.'s net income is $57,600.
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When consumers have more money to spend, how does the demand for burritos change?
Draw a chart like the one below. Compare your chart with a classmate's and analyze the differences in two supply-and-demand graphs. How does your classmate's chart compare with your supply-and-demand model?
When there is more money to spend the demand for Burritos would like have to increase as well.
When consumers have more money to spend, how does the demand for burritos change?When consumers have more money to spend, the demand for burritos is likely to increase. Burritos are a normal good, meaning that as consumers' incomes increase, they are more likely to purchase more burritos. With more disposable income, consumers are able to purchase more goods and services, including food items like burritos.
The increased demand for burritos may also be influenced by other factors, such as changes in consumer tastes and preferences, marketing efforts by burrito sellers, and availability and pricing of other food options. However, assuming that all other factors remain constant, an increase in consumer income would generally lead to an increase in demand for burritos. This in turn could lead to an increase in production of burritos by suppliers, as they seek to meet the increased demand, and possibly an increase in the price of burritos if the supply does not keep up with demand.
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