The above figure shows the market for DVDs. The government decides that all citizens deserve to watch affordable DVDs so a price ceiling of $12 per DVD is placed on DVDs. After this price ceiling is in effect, producer surplus equals ________.
$1,800,000
$900,000
$400,000
$200,000
$100,000
Answers
Producer surplus after = (1/2) x 80,000 units x $2 = $80,000. Therefore, the answer is C. $400,000.
To determine the producer surplus after the price ceiling is in effect, we first need to find the new equilibrium price and quantity.
Since the price ceiling is set at $12, the quantity demanded increases to 80,000 units, while the quantity supplied decreases to 80,000 units. At this price, there is excess demand, or a shortage of 20,000 units (100,000 units demanded - 80,000 units supplied).
The equilibrium price is determined by the intersection of the demand and supply curves, which occurs at a price of $15 and a quantity of 100,000 units before the price ceiling was imposed. With the price ceiling of $12, the quantity supplied decreases to 80,000 units, while the quantity demanded increases to 80,000 units.
The producer surplus before the price ceiling was imposed is the area above the supply curve and below the equilibrium price, which is a triangle with a base of 100,000 units and a height of ($15 - $10) = $5, as shown in the figure. Thus, the producer surplus before the price ceiling is:
Producer surplus before = (1/2) x 100,000 units x $5 = $250,000
After the price ceiling is imposed, the producer surplus is the area above the supply curve and below the price ceiling of $12, up to the quantity of 80,000 units. This is a triangle with a base of 80,000 units and a height of ($12 - $10) = $2, as shown in the figure. Thus, the producer surplus after the price ceiling is:
Producer surplus after = (1/2) x 80,000 units x $2 = $80,000
Therefore, the answer is C. $400,000.
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The above figure shows the market for DVDs. The government decides that all citizens deserve to watch affordable DVDs so a price ceiling of $12 per DVD is placed on DVDs. After this price ceiling is in effect, producer surplus equals ________.
A. $1,800,000
B. $900,000
C. $400,000
D. $200,000
E. $100,000
Related Questions
how do costanza and daly define development? increasing the amount of matter and energy that the economy converts into wealth increasing the human well-being that the economy produces from a given amount of matter and energy increasing the well-being that the economy provides to plants and animals
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Development is described as "raising the human well-being which the economy provides from the a given amount of matter and energy" by Costanza and Daly.
Explain about development.The set of procedures and equipment needed to create the code for a programme or piece of software constitutes a development environment. Development, staging, and production servers are all included in the infrastructure that aids the process in its whole. Promotes human well-being without jeopardizing the capacity of future generations to fulfill their own needs, which is the significance of sustainable development. They contend that, despite the fact that economic activity entails the conversion of energy and matter into riches, the long-term well-being of people and the world may suffer if material gain is the only goal. They therefore support a broader definition of progress that takes into account both the economic and social effects of economic activity.
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_____segmentation is a very specific form of behavioral segmentation by which segments are formed based on when a product or service is purchased or consumed.
Answers
Temporal segmentation is a very specific form of behavioral segmentation by which segments are formed based on when a product or service
What exactly is spatial segmentation?One type of behavioral segmentation is temporal segmentation, in which consumers are divided into groups based on when they buy or use a product or service.
Using this method, a market can be divided into groups based on how long customers spend using a product or service. Businesses that offer goods or services that are only available during specific times of the year, such as clothing for the holidays or other special occasions, can benefit greatly from this kind of segmentation.
Businesses can better target their marketing and sales efforts, optimize production schedules, and enhance the overall customer experience by comprehending the temporal patterns of customer behavior.
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suppose you live through age 90. how much money will you be able to bequeath (i.e. pass on in your will)?
Answers
It is impossible to answer this question as the amount of money you will be able to bequeath in your will depends on a variety of factors such as your income, savings, investments, and lifestyle.
The amount of money that you can bequeath depends on many factors such as your income, lifestyle, investments, and other sources of wealth. It is impossible to answer this question without knowing more information about your financial situation.
Depending on your resources, you may be able to leave a large sum or a small amount. Ultimately, the amount of money that you can bequeath will depend on your individual circumstances.
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a limited company forfeited 600 shares of 100 each (originally issued at 25%premium payable along with the application money)
Answers
1. Account titles Debit Credit
Share capital a/c $42000
To share allotment a/c $3000
To share first call a/c $18000
To share forfeiture a/c $21000
(Being 600 shares were forfeited)
2. Account titles Debit Credit
Bank a/c $39000
Share forfeiture a/c $3000
To share capital a/c $42000
(Being forfeited shares were reissued at 70 paid up)
3. Account titles Debit Credit
Share forfeiture a/c $18000
To capital reserve a/c $18000
(Being balance of forfeiture a/c is transferred to capital a/c)
Full question ". A limited company forfeited 600 shares of 100 each (originally issued at 25% premium which was payable along with application money) on which allotment money of 20 and first call money of 30 were not received; the final call money of 30 is not yet called. These shares were originally allotted on pro-rata basis in the ratio of 4 : 3. These shares were subsequently reissued at a discount of 5 per share, credited as 70 paid up. Pass necessary Journal entries for forfeiture and reissue of shares.
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horseshoe inc. has sales of $13100000, total assets of $11500000, and total debt of $4300000. if the net income is 700000, what is the return on assets? convert to a percent and round to two places past the decimal point.
Answers
Horseshoe Inc. has a return on assets of 6.09% as a result. This means that the corporation makes 6.09 cents in profit for every dollar it invests in assets.
What is Return on assets?In general, a ROA of over 5% is regarded as good, and one of over 20% as exceptional. However, companies in the same industry should always be compared when comparing ROAs.
The return on assets (ROA) is a metric used to determine how much profit a business makes on each dollar invested in assets. It is calculable as follows: ROA is calculated as Net Income / Total Assets.
By entering the specified values, we obtain:
ROA = $700,000 / $11,500,000
ROA = 0.0609
We may multiply this by 100 and round the result to two decimal places to get the percentage:
ROA = 6.09%
Horseshoe Inc. has a return on assets of 6.09% as a result. This means that the corporation makes 6.09 cents in profit for every dollar it invests in assets.
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True or False: investing activities involve the acquiring and disposing of liabilities that a company needs in order to finance its operating activities.
Answers
Financing activities are defined as the procurement and disposition of resources with the aim of marketing goods and services.
What different sorts of investment are there?
As part of investment activity, liabilities that a company needs to finance its operating costs are bought and sold.The phrase "investing activities" in accounting describes the purchase and sale of long-term assets as well as other company investments over a certain reporting period.
Which of the following actions falls under the definition of investing*?
Equipment purchase is the appropriate answer (a). The buying, selling, and long-term investing of fixed assets are all examples of investment activity. Equipment investment is a financial activity as a result.
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_______segmentation is a very specific form of behavioral segmentation by which segments are formed based on when a product or service is purchased or consumed.
Answers
Occasion segmentation is a very specific form of behavioral segmentation by which segments are formed based on when a product or service is purchased or consumed.
Occasion segmentation involves dividing the market into groups based on the specific occasions when customers are most likely to purchase or use a product or service. This approach allows marketers to develop targeted marketing campaigns that are tailored to the specific needs and preferences of each segment, and to time their marketing activities to coincide with key purchasing or usage occasions. Occasion segmentation can be used for a wide range of products and services, from consumer goods and personal care products to travel and entertainment services. By understanding the occasions that drive customer purchases, marketers can create more effective marketing strategies that resonate with their consumer target audience and drive higher levels of engagement and conversion.
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a us company that chooses to use suppliers outside of the united states to provide labor, goods, or services, is practicing _______.
Answers
Outsourcing occurs when a US company chooses to use suppliers from other countries to provide labor, goods, or services.
What is Outsourcing?The practice of employing a third party from outside a business to carry out tasks or produce commodities that were previously completed in-house by the business's own employees and personnel is known as outsourcing.
Foreign and domestic contracting are both included in outsourcing, which may also involve nearshoring or offshore (moving a corporate function to another country) (transferring a business process to a nearby country).
Outsourcing and offshoring are not mutually exclusive; either one can exist.
They can be combined (offshore outsourcing), reversed separately or collectively, in part or entirely, using techniques like reshoring, inshoring, and insourcing.
A US business that decides to hire suppliers from abroad to offer labor, products, or services is engaging in outsourcing.
Therefore, outsourcing occurs when a US company chooses to use suppliers from other countries to provide labor, goods, or services.
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the auto insurance industry estimates that it costs three times the original purchase price (in parts and labor) to reconstruct a wrecked automobile. why is there such a large discrepancy?
Answers
The high cost of reconstructing a wrecked automobile is due to the complexity and specialized nature of the work, as well as the cost of materials and labour.
The cost of reconstructing a wrecked automobile is often much higher than the original purchase price due to a number of factors. One of the main reasons is the complexity of the work involved, which often requires specialized skills and equipment. Additionally, the cost of replacement parts, especially for newer vehicles, can be significantly higher than the original cost of the parts. Another factor that contributes to the high cost of reconstructing a wrecked automobile is the cost of labour. Auto repair shops charge a premium for their services, as the work involved in reconstructing a vehicle is often time-consuming and requires a high level of expertise. Furthermore, there are also hidden costs associated with reconstructing a vehicle, such as storage fees, rental cars for the owner, and other expenses that can add up quickly. All of these factors combined contribute to the high cost of reconstructing a wrecked automobile, which can be three times or more than the original purchase price in parts and labour.
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if you were considering buying land and developing a farm in cimarron county today, what precautions would you want to take to protect yourself against the possibility of drought?
Answers
Conservation and reduced tillage involve mulching the soil with organic materials or crop waste to prevent evaporation and improve moisture retention.
Briefing:-With smaller, more concentrated, higher-value, water-efficient operations like tunnel and hydroponic production, there is dense planting.
What steps may be taken to lessen the effects of the drought?Conserving water is one of the simplest actions we can take to lessen the effects of the drought. When a drought strikes, we will have more water accessible to people and to plants and animals if we always use water properly.
What was one effect of the 1930s severe drought in the Great Plains?Due to farming techniques at the time, when a severe drought hit the Great Plains region in the 1930s, there was erosion and topsoil loss. The topsoil became friable and, in some areas, reduced to a powdery consistency as a result of the drought's drying effects.
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lowden company uses job order costing and applies overhead to each job at the rate of 160% of direct materials cost. during the current period, direct labor cost is $67,000 and direct materials cost is $73,000. how much overhead cost should lowden company apply in the current period? multiple choice $41,875. $73,000. $45,625. $67,000.
Answers
The direct material cost is the cost of the parts and raw materials required to manufacture a product. It must be simple to tell what ingredients are in the finished product.
What is direct material cost?Direct materials have a clear pricing that is directly correlated to the production unit. Materials are a variable cost that must be paid directly while manufacturing a good or service.
Materials are needed by a business to produce an item, hence these costs directly affect the price of the good. In a manufacturing corporation, direct costs are referred to as the cost of goods sold.
Direct materials cost 85000
X Predetermined overhead rate 160%
Overhead cost applied 136000
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the current yield curve for default-free zero-coupon bonds is as follows: maturity (years) ytm 1 9.3 % 2 10.3 3 11.3 a. what are the implied one-year forward rates? if you purchase a three-year zero-coupon bond now, what is the expected total rate of return over the next year? (hint: compute the current and expected future prices.) ignore taxes.
Answers
The expected total rate of return over the next year is 27.2%.
To calculate the implied one-year forward rates, we can use the formula:
(1 + YTM)n = (1 + f1) * (1 + f2) * ... * (1 + fn)
where YTM is the yield to maturity for each respective maturity, and f1, f2, ..., fn are the one-year forward rates for each respective year.
Using this formula, we can calculate the implied one-year forward rates as follows:
(1 + 0.093)^1 = (1 + f1)
(1 + 0.103)^2 = (1 + f1) * (1 + f2)
(1 + 0.113)^3 = (1 + f1) * (1 + f2) * (1 + f3)
Solving for f1, f2, and f3, we get:
f1 = 0.1028, f2 = 0.1153, f3 = 0.1291
Therefore, the implied one-year forward rates are 10.28%, 11.53%, and 12.91% for the first, second, and third years, respectively.
To calculate the expected total rate of return for a three-year zero-coupon bond over the next year, we need to first calculate the current price and expected future price.
The current price of the three-year bond can be calculated as:
P0 = FV / (1 + YTM)^n = 1000 / (1 + 0.113)^3 = $713.78
where FV is the face value of the bond.
To calculate the expected future price, we can use the one-year forward rates. The expected price in one year is the future value of the bond after one year at the prevailing one-year forward rate. Therefore, we can calculate the expected future price as:
P1 = FV / (1 + f1)^1 = 1000 / (1 + 0.1028)^1 = $908.04
where f1 is the one-year forward rate for the first year.
The total rate of return over the next year is then:
Expected total rate of return = (P1 - P0) / P0 = ($908.04 - $713.78) / $713.78 = 27.2%
Therefore, if you purchase a three-year zero-coupon bond now, the expected total rate of return over the next year is 27.2%.
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The pro-globalization argument from the mid-1940s until the early 2000s was based on the idea that free trade and open borders created a benefit for all countries. This argument is based on_________.A. the law of comparative advantageB. parochialismC. the law of competitive advantageD. uncertainty avoidanceE. social responsibility
Answers
The pro-globalization argument from the mid-1940s until the early 2000s was based on the idea that free trade and open borders created a benefit for all countries. This argument is based on: A. the law of comparative advantage.
What is the law of comparative advantage?The law of comparative advantage is a fundamental concept in economics that suggests that countries should specialize in producing goods and services in which they have a lower opportunity cost than other countries, and then trade with each other to maximize their overall economic welfare.
By allowing countries to specialize and trade freely with each other, the law of comparative advantage suggests that all countries can benefit and achieve greater levels of economic growth and prosperity.
Therefore the correct option is A.
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How would a manufacturer benefit by using fewer scarce resources?
The product would be less expensive to produce.
The product would better satisfy consumer needs.
The product would be popular and readily available.
The product would provide a more satisfactory profit.
Answers
The manufacturer would benefit because the product would be less expensive to produce.
How would a manufacturer benefit by using fewer scarce resources?A manufacturer would benefit by using fewer scarce resources in several ways:
Lower production costs: Using fewer scarce resources would result in lower production costs for the manufacturer. This would allow them to price their products more competitively, potentially leading to increased sales and market share.
Improved efficiency: Using fewer resources often requires manufacturers to find more efficient ways of producing their products. This could lead to improved production processes, reduced waste, and more streamlined supply chains.
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Answer:
The product would be less expensive to produce.
Explanation:
which factor(s) of work design was not listed as being highly motivating for project team member performance?
Answers
Organizations and project managers should take into account a wide range of variables that may affect team member engagement, productivity, and success. They should also try to build a good and encouraging work environment.
Autonomy and empowerment, opportunities for skill development and improvement, and a sense of belonging are some aspects that are frequently listed as being extremely motivating for project team member performance. goal-setting that is specific and meaningful, positive team dynamics and collaboration, feedback and acknowledgment Together with pay and benefits, job stability, and work-life balance, there may be other elements that are less motivating for some team members. The relative weight of these criteria can, however, change based on a person's tastes and situation, so it's crucial to keep that in mind.
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a ________ is a multinational company that has a global scope and does not consider any particular country as its base, home, or headquarters.
a. Foreign subsidiary
b. transnational organization
c. global company
Answers
b. transnational organization, a transnational organization is a multinational company that has a global scope and does not consider any particular country as its base, home, or headquarters.
A transnational organisation is a multinational company with a worldwide focus that does not regard any one nation as its base, residence, or headquarters. Instead of being bound to a single area or region, multinational corporations conduct activities across several nations and strive to function as a cohesive global organisation. This enables businesses to make the most of their global reach and operational effectiveness while also allowing them to adjust to local markets and laws. Although transnational organisations may have centralised management structures, they also permit a high level of local autonomy to cater to the particular requirements of each market.
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In order to fully leverage the talents of the best and brightest employees, a firm should be concerned with
Multiple Choice
·
rewards, training, and customer support.
·
hiring, retention, and training.
·
hiring, firing, and redistribution.
·
rewards, training, and customer support.
Answers
In order to fully leverage the talents of the best and brightest employees, a firm should be concerned with hiring, retention, and training.
In order to fully leverage the talents of the best and brightest employees, a firm must focus on attracting and hiring top talent, retaining them through effective employee engagement and development programs, and providing them with opportunities for continuous learning and skill development through training and career advancement programs. While rewards and customer support are important factors, they alone are not sufficient to attract and retain top talent. Firms must also create a supportive and inclusive workplace culture that encourages innovation, collaboration, and personal growth, and provide employees with opportunities to apply their skills and talents to meaningful and challenging projects. By focusing on these key sales areas, firms can create a motivated and high-performing workforce that can drive innovation, growth, and competitive advantage.
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Different amounts demanded at every price, causing the demand curve to shift to the left or the right.a. Change in demandb. Change in quantity demandedc. Complementsd. Income effecte. Substitutes
Answers
Option A. A change in demand is a shift of the entire demand curve to the left or right.
It occurs when the quantity demanded changes at every price level due to a factor other than price, such as a change in consumer preferences, income, or the availability of substitute goods or services.
In contrast, a change in quantity demanded (B) refers to a movement along the demand curve in response to a change in price, holding all other factors constant. Complements (C) are goods or services that are consumed together, so a change in the price of one good affects the demand for the other. The income effect (D) is the change in quantity demanded of a good or service resulting from a change in the consumer's purchasing power due to a change in income. Substitutes (E) are goods or services that can be used in place of one another, so a change in the price of one good affects the demand for the other.
Therefore, the correct answer is A. Change in demand.
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Different amounts demanded at every price, causing the demand curve to shift to the left or the right.
A. Change in demand
B. Change in quantity demanded
C. Complemented
D. Income effect
E. Substitutes
outside providers of market research, artwork, printing, photography, and other services or materials do not allow agencies to take a commission. to cover the cost of administering these services while making a reasonable profit for their efforts, agencies apply a mark-up called
Answers
To cover the cost of administering these services while making a reasonable profit for their efforts, agencies apply a mark-up called percentage charges.
Agencies add a markup known as percentage charges to the cost of providing these services in order to pay those costs and still make a profit that is fair for their work. A commission can't be taken by agencies from outside vendors of market research, artwork, printing, photography, or other goods or services. Percentage Charge is the sum of the amounts generated by dividing the following percentages by the total balances of the Funding Accounts as of the prior January 31. A percentage is a division by 100, also referred to as percent. A percentage, which is defined as "per 100," denotes a component of an overall amount. For instance, 45% represents the number 45 out of 100. Calculating a percentage is the process of finding the proportion of a whole in terms of 100. equally manual calculations.
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darlington company entered into the following business events during its first month of operations. the company uses the perpetual inventory system. 1) the company purchase $13,600 of merchandise on account under terms 2/10, n/30. 2) the company returned $3,100 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $21,200 cash. what is the gross margin that results from these four transactions?
Answers
The concept is the Perpetual Inventory System, a system for tracking and recording inventory levels. Gross margin is $10,910.
The Perpetual Inventory System is an inventory tracking and recording system that automatically and instantly records every purchase and sale of inventory. In this system, the software records the inventory change in real time for each transaction.
Given:
commercial purchases = $13,600 Discount
= 2/10 = 0.02%
returns = $3,100
cash flow from inventory sales = $21,200
A) Purchase Discount = (Current Purchase Price − Current Return Price) × Discount Percentage
Shopping Discount = ($13,600 - $3,100) × 0.02 = $210
B) Cash To Purchase Inventory = $13,600 - $3,100 - $210
withdrawals = $10,290
Net cash flow from operations = $21,200 -B
= $21,200 - $10,290 = $10,910
Therefore:
the company will have a gross profit of $10,910
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suppose leather riding boots cost only 25% of what they cost in the u.s. however, the obama administration, in an attempt to protect domestic producers of leather products, imposes a 400% import tariff on leather riding boots from canada. what is the result?
Answers
If the Obama administration imposes a 400% import tariff on leather riding boots from Canada, the result is that the price of the Canadian leather riding boots will increase significantly for American consumers.
What is the result of importing Tariff?Suppose a pair of leather riding boots costs $100 in the U.S., but only $25 in Canada without the tariff. After the tariff, the price of the Canadian boots would increase to $125, which is still cheaper than the U.S. price. However, the increased price of the Canadian boots may make them less competitive with U.S. boots, which could lead to a decline in demand for the Canadian boots.
In addition, the tariff could lead to retaliation by Canada, such as imposing tariffs on U.S. goods, which could harm U.S. exporters. This could result in a trade war between the two countries, with negative economic consequences for both sides.
Overall, while the tariff may provide some protection for domestic producers of leather products, it also has the potential to harm consumers, producers, and the overall economy through the effects of trade retaliation.
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what explains the rapid growth of ridesharing companies such as uber and lyft? do these same factors explain the growth of similar companies such as bird and lime (scooters)?
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The rapid growth of ridesharing companies ridesharing company also referred to as transportation network company or ride-hailing service matches customers with drivers of vehicles for hire that, unlike taxicabs, cannot be legally flagged down on the street via websites and mobile apps. These vehicles are referred to as app-taxis or e-taxis.
Depending on the jurisdiction, ridesharing businesses may or may not be allowed; in other places, they have been outlawed and are regarded as illegal taxicab operations.
Regulations can cover things like minimum salary requirements, fare limits, insurance regulations, license requirements, and background check specifications for drivers.
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costs capture the value of the alternative use of the resources employed. multiple choice threat; best opportunity; average opportunity; best opportunity; worst threat; worst
Answers
Opportunity costs capture the value of the best alternative use of the resources employed.
Employment is a two-person partnership that oversees the supply of paid employment services. One of the parties, the employer, which can be a firm, a nonprofit organization, a cooperative, or any other organization, pays the other party, the employee, according to the terms of the contract in exchange for executing the task allocated to them.
Employees conduct labor for money, which may take the shape of hourly wages, piece rates, or yearly earnings, depending on the nature of the job performed, industry circumstances, and the parties' negotiating strength.
Hence the correct option is C
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The above question is incomplete the complete question is-
________costs capture the value of the _______ alternative use of the resources employed.
a-Threat; worst
b-Opportunity; average
c-Opportunity; best
d-Opportunity; worst
the formal measure of u.s. gdp may tend to understate the actual size and value of the national economy due to the exclusion of which category of goods and services?
Answers
The formal measure of U.S. GDP tends to understate the actual size and value of the national economy due to the exclusion of non-market goods and services.
Non-market goods and services refer to goods and services that are not bought and sold in the marketplace, such as childcare and housework.
These goods and services are not included in the calculation of GDP, which means that the formal measure of GDP does not take into account the true size and value of the national economy.
This can lead to an inaccurate picture of the U.S. economy and can lead to policy decisions that are based on incorrect information.
Thus, the formal measure of U.S. GDP tends to understate the actual size and value of the national economy due to the exclusion of non-market goods and services.
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which of the following statements about enterprise resource planning (erp) is false? group of answer choices erp's origins can be traced back to finance and manufacturing. in recent years, erp vendors have begun to provide high-quality application-specific logistic capabilities. erp glitches often have a logistical component to them. erp implementation costs can easily reach tens of millions of dollars.
Answers
The false statement about enterprise resource planning (erp) is: "ERP glitches often have a logistical component to them."
A form of software known as enterprise resource planning (ERP) is used by enterprises to manage routine business operations including accounting, purchasing, project management, risk management and compliance, and supply chain management. While there may be a financial, manufacturing, or other element to ERP errors, there may not always be a distinct logistical one. ERP's main goal is to combine several business operations into a single system, therefore problems might arise in any area involved in that integration—not only logistics. Changing the behaviour of users and functional groups so they can cooperate with the new solution is one of the largest implementation issues for ERP. Strong project management and support from high leadership are necessary to drive this transition. ERP software is used by businesses to manage important aspects of their operations.
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taylor and lucy were divorced on september 24, 2021. neither has any dependents. neither has remarried. the correct filing status they should each use is:
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Taylor and Lucy were divorced on September 24, 2021. Neither has any dependents. Neither has remarried. The correct filing status they should each use is Single.
What is Filing Status?Because filing requirements, some credits and above-the-line deductions, tax brackets, and the standard deduction are dependent on filing status, tax law distinguishes between filing statuses.
The primary justification for categorizing taxpayers based on filing status is the assumption that, given an identical income, single people can afford to pay a higher tax rate than those with children, and that, by enabling joint filing, married couples can file their taxes more easily. Five filing statuses exist:
Single, Head of Household, Married Filing Jointly, Married Filing Separately (MFS), Qualifying Widow(er) with Dependent Chil
Therefore, The correct filing status they should each use is Single.
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derek can deposit $241.00 per month for the next 10 years into an account at bank a. the first deposit will be made next month. bank a pays 15.00% and compounds interest monthly. derek can deposit $2,568.00 per year for the next 10 years into an account at bank b. the first deposit will be made next year. bank b compounds interest annually. what rate must bank b pay for derek to have the same amount in both accounts after 10 years?
Answers
The Total Future Value of Bank A = $62435.61
The Annual Interest Rates of Bank B = 19.233 %
Bank A:
Monthly Deposits: $241;
Term of Deposits: 10 Years (10 x 12);
Interest Rate: 14%;
Monthly compounding at a monthly interest rate of 14/12 = 1.167%
Total Future Value of the monthly deposits = 241 x [tex](1.01167)^{119}[/tex] + 241 [tex](1.01167)^{118}[/tex] + ............... +241
Total Future Value = 241 x [{[tex](1.01167)^{120}[/tex]-1}/ {(1.01167) -1}]
Total Future Value = $62435.61
Bank B:
Target Future Value = $ 62435.61,
Annual Deposits = $ 2498,
Deposit Tenure = 10 Years,
Compounding frequency = Annual , and
Annual Interest Rates = y%
Thus, {2498 x [tex](1 + y)^{9}[/tex] }+ {2498 x [tex](1 + y)^{8}[/tex] }+ ........ + 2498 = 62435.61
2498 x [{[tex](1+y)^{10}[/tex]-1} /{(1+y)-1}] = 62435.61
[{[tex](1+y)^{10}[/tex]-1} /{(1+y)-1}] = 62435.61 / 2498
[{[tex](1+y)^{10}[/tex]-1} /{(1+y)-1}] = 24.9942
y = 0.19233 or 19.233 %
∴ Annual Interest Rates = 19.233 %
The return on an investment or the amount of interest due on a loan when compounding is taken into account is the effective Annual Interest Rate.
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the u.s. government limits the amount of sugar that can be purchased from foreign sugar producers. select the term that best fits the scenario.A. Black marketB. LicenseC. Price ceilingD. QuotaE. Price Floor
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The u.s. government restricts how much sugar that can be bought from foreign sugar producers. select the term that best fits the scenario by Quota. Imports of sugar into the US are administered by duty rate quantities. option (D) is correct.
The in-quota sums are designated to 40 outside nations based on earlier import designs. These limitations forestall cheaper unfamiliar sugar from coming down on U.S. costs. Sugar imports are at present confined to around 15% of the U.S. market.
Sugar strategy is contained in a regulation known as the Ranch Bill, which comes up for reauthorization like clockwork. The bill approves the U.S. Division of Horticulture (USDA) to offer credits for sugar being put away for customers by America's sugar makers.
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what are the economic benefits of the expansion of the oil industry in louisiana?
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While Louisiana's oil and gas sector supports more than 260,000 employments, it also helps to develop local economies and communities for both employees and their families.
What is meant by employment?In most cases, the term "employment" refers to the condition of having a paid job—of being employed. A person is paid to work when they are employed. Employees are employed by an employer. As in We're working to increase our employment of women., the term "employment" can also refer to the act of employing people.
What does "employee" mean to the IRS?According to common-law principles, if you can direct what will be done and how it will be done, anyone who provides services for you is your employee. Even when you allow the employee freedom of action, this is still the case. What important is that you have the power to decide exactly how the services will be provided.
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abc furniture company manufactures furniture at it's ohio factory. some of its costs from the past year include: deprecation on sales office $9,700 depreciation on factory equipment $16,500 factory supervisor salary $50,500 sales commissions $23,300 lubricants used in factory equipment $3,600 insurance costs for factory $21,200 fabric used to upholster furniture $10,000 freight-in (on raw materials) $3,200 costs of delivery to customers $9,000 wages paid to assembly line workers making the furniture $115,400 lumber used to build products $82,600 utilities in factory $54,600 utilities in sales office $26,600 what are total manufacturing overhead costs for this company?
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$9,700+$16,500+$23,300+$54,600 = utilities in sales office $26,600.The Answer is $ 473,200.abc furniture company manufactures furniture at it's ohio factory. some of its costs.
A company limited by shares is the most common type of corporate entity used for business endeavours. A limited company is described as "a company in which the liability of each shareholder is restricted to the amount individually invested" and corporations are "the most common sort. The ownership of a company with a share limit can be either private or public.a business whose share capital is restricted by a guarantee: When a business is founded for philanthropic purposes, but its activities are primarily backed by investors who expect financial gain, the organisation is often referred to as a hybrid one. It is no longer possible to incorporate this kind of technology in the UK.
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