Answer:
b. comparative advantage
Explanation:
Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
For example, if you decide to invest resources such as money in a food business (restaurant), your opportunity cost would be the profits you could have earned if you had invest the same amount of resources in a salon business or any other business as the case may be.
In this scenario, Farmer Jane's opportunity cost of producing corn is lower than Farmer John's, therefore, she has a comparative advantage in producing corn.
Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.
Hence, the comparative advantage gives an individual or country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.
Question 7 of 20
Daniel works at an electronics store and a customer walks in. The customer
looks around but doesn't seem interested in any one thing. What
interpersonal skill should Daniel use to make a sale?
A. Flexibility
B. Proactivity
C. Aloofness
O D. Positivity
Answer:
proactivity
Explanation:
The interpersonal skill should Daniel use to make a sale is a Proactivity. Thus the correct option is B.
What is a Customer?A customer is referred to as an individual who purchases a product or service. He may or may not be the consumer. A consumer refers to a person who utilizes or consume goods and service.
Interpersonal skills play a significant role in the process of communication which helps an individual to influence another individual or group of people with their unique skills.
In this case, it reflects that when a customer visits the electronic shop and does not find anything interesting the skills and proactiveness of the salesperson will be very useful here when he will communicate with the customer.
Here Salesperson will try to know the likeness of customers or to understand what he is looking for in the shop so that he can help customers with better service and satisfaction.
Therefore, option B is appropriate.
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The geometric average return answers the question What was your return in an average year over a particular period?
A. What was your average compounded return per year over a particular period?
B. What is the best method to use to calculate your average return?
C. What is the least amount of returns need to calculate an average?
D. What was your average return per year over a particular period
Answer: A. What was your average compounded return per year over a particular period?
Explanation:
Geometric return is calculated by the formula;
= [(1 + r1) * (1 + r2) * (1 + r3) *.... (1 + rn)] ^1/n
This allows for one to calculate the compounding effect over a period of time by showing the compounded annual growth rate which means that it tells what the average compounded return was per year in a particular period.
Favorable volume variances may be harmful when:
1) machine repairs cause work stoppages.
2) supervisors fail to maintain an even flow of work.
3) production in excess of normal capacity cannot be sold.
4) there are insufficient sales orders to keep the factory operating at normal capacity.
Answer: production in excess of normal capacity cannot be sold.
Explanation:
We say that there's a favorable volume variance in a situation whereby the production that's budgeted is less than the actual production.
Favorable volume variances may be harmful when production in excess of normal capacity cannot be sold. This is because since it can't be sold, this can bring about losses to the business.
Knowledge Check 01 An unfavorable variance of $5,000 in cost of goods sold is determined by comparing the actual results (10,000 units) and the flexible budget (10,000 units). What type of variance is described?a. Activity variance b. Spending variance c. Revenue variance
Answer:
The correct option is b. Spending variance.
Explanation:
Spending variance can be described as the difference between the actual cost and budgeted cost at the actual activity level.
Since cost of goods sold (COGS) is the direct costs incurred to produce the goods that is sold by a firm, it therefore implies that the amount of variance in cost of goods sold can be determined by comparing the actual results and the flexible budget at the actual activity level or actual units.
Based on the explanation above, the correct option is b. Spending variance. That is, Spending variance is an unfavorable variance of $5,000 in cost of goods sold is determined by comparing the actual results (10,000 units) and the flexible budget (10,000 units).
One way that investors can assess the direction of the market over time is by
Answer:
i do klnot know the answer
What would be the approximate expected price of a stock when dividends are expected to grow at a 25% rate in each of years 2 and 3, and then grow at a constant rate of 5% if the stock's required return is 13% and next year's dividend will be $4.00?
Answer:
$68.64
Explanation:
Div₁ = $4
Div₂ = $5
Div₃ = $6.25
Div₄ = $6.5625
the terminal value at year 3 = Div₄ / (Re - g) = $6.5625 / (13% - 5%) = $82.03
P₀ = $4/1.13 + $5/1.13² + ($6.25 + $82.03)/1.13³ = $88.28/1.13³ = $68.64
(Cost of debt) Sincere Stationery Corporation needs to raise $500,000 to improve its manufacturing plant. It has decided to issue a $1,000 par value bond with a 14 percent annual coupon rate and a 10-year maturity. The investors require a 9 percent rate of return. a. Compute the market value of the bonds. b. What will the net price be if flotation costs are 10.5 percent of the market price?
Answer:
a. $1,320.88
b. $1,182.19
Explanation:
The computation is shown below:
a. For market value of the bond
Given that
Rate = 9%
NPER = 10
PMT = $1,000 * 14% = $140
FV = $1,000
The formula is shown below:
= -PV(RATE;NPER;PMT;FV;TYPE)
After applying the above formula, the present value is $1,320.88 i.e. equivalent to the market value of the bonds
b. Now the net price be
= Market price × (1 - flotation cost)
= $1,320.88 × (1 - 0.105)
= $1,182.19
Cash receipts for January are expected to total $174,000. Cash disbursements for January are expected to be $159,500. The company's minimum desired cash balance is $13,000. It started the period with $38,000. What is the expected cash balance at the end of January?
Answer:
idek
Explanation:
Do you think your career goals will be the same 5 years from now? 10 years from now? Why or why not?
Answer:
It maybe differ from your age, if you are in middle school now then maybe it may change later. But if you are already a graduate student then the main subject u r focusing in may be your career
The career goals of an individual are definitely subject to change during any given period like 5 years or 10 years. These changes in career goals may occur due to the change in his or her surroundings and other external factors.
What is the significance of career goals?Career goals can be referred to or considered as such goals that an individual wishes to pursue in order to build his career and gain life and income opportunities. These career goals may be different for different individuals as per their choices.
In fact, the career goals may change for an individual as well over a span of any given period. The reasons for these changes may be unidentified in present. Some factors may be internal, such as change in desire; whereas the external factors include environmental and social changes.
Therefore, the significance regarding the change in career goals of an individual has been aforementioned.
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Printers today have many features that include improved quality, photo printing capabilities, digital camera connectivity, built-in flash memory card readers, wireless connectivity, and faster speed. Suppose you are in the market for a new personal printer. Make a list of the most important features needed to meet your needs, and then research printers to identify the best printer for your needs. Be sure to consider both the price of the printer and the price of consumables (such as paper and ink/toner) in your evaluation process
Answer:
A printer is a device that accepts text and graphic output from a computer and transfers the information to paper, usually to standard size sheets of paper. Printers vary in size, sophistication, speed, and cost. In general, more expensive printers are used for higher-resolution color printing.
Printers today have many features that include improved quality, photo printing capabilities, digital camera connectivity, built-in flash memory card readers, wireless connectivity, and faster speed.
The Six important printer qualities are:
Color: It is important for users who need to print pages for presentations or maps, photos and other pages where color is part of the information. Color printers can also be set to print only in black-and-white. Color printers are more expensive to operate since they use two ink cartridges (one color and one black ink, toner) that need to be replaced after a certain number of pages. Users who don't have a specific need for color and who print a lot of pages will find a black-and-white printer cheaper to operate. Resolution: Printer resolution (the sharpness of text and images on paper) is usually measured in dots per inch (dpi). Most inexpensive printers provide sufficient resolution for most purposes at 600 dpi. Speed: If you do much printing, the speed of the printer becomes important. Inexpensive printers print only about 3 to 6 sheets per minute. Color printing is slower. More expensive printers are much faster.Memory: Most printers come with a small amount of memory (for example, one megabyte) that can be expanded by the user. Having more than the minimum amount of memory is helpful and faster when printing out pages with large images or tables with lines around them (which the printer treats as a large image). Wireless connectivity : Specialized printer nowadays have wireless connectivity which allows user to communicate with the machine without physical operation. Like one can just give command to the printer to print their projects using their mobile phone while sitting on the couch. This feature might add extra bucks to the bill but its worth it. Printer languages The commands from the computer to the printer to tell the printer how to format the document being printed. These commands manage font size, graphics, compression of data sent to the printer, color, etc. The two most popular printer languages are Postscript and Printer Control Language.Conclusively the best printer will be the one which will provide pleasant color contrast, good resolution, enough memory, wireless connectivity and have better language settings.
A produce distributor uses 776 packing crates a month, which it purchases at a cost of $9 each. The manager has assigned an annual carrying cost of 36 percent of the purchase price per crate. Ordering costs are $31. Currently the manager orders once a month. How much could the firm save annually in ordering and carrying costs by using the EOQ? (Round intermediate calculations and final answer to 2 decimal places. Omit the "$" sign in your response.) Savings $_________ per year
Answer:
$261.42
Explanation:
economic order quantity (EOQ) = √(2SD/H)
S = cost per order = $31
D = annual demand = 776 x 12 = 9,312
H = holding cost = $9 x 36% = $3.24
EOQ = √[(2 x $31 x 9,312) / $3.24] = √178,192.59 = 422.13 ≈ 422
total ordering and holding costs considering EOQ:
ordering costs = (9,312 / 422) x $31 = $684.06
holding costs = $3.24 x (422/2) = $683.64
total = $1,367.70
current costs:
ordering costs = $31 x 12 = $372
holding costs = $3.24 x (776/2) = $1,257.12
total = $1,629.12
annual savings = $1,629.12 - $1,367.70 = $261.42
Omni Consumer Products (OCP) has equity with a market value of $900 million and debt with a value of $600 million. If OCP’s cost of equity is 18% and its weighted average cost of capital is 13%, what is OCP’s cost of debt? Assume no taxes.
a. 5.5%
b. 8.0%
c. 11.5%
d. 16.3%
e. 23.8%
Answer:
a. 5.5%
Explanation:
The computation of the cost of debt is shown below:
The Total market value is
= $900 + $600
= $1,500
Now
WACC = Cost of equity × Equity market value ÷ Total market value + Cost of debt × Market value of debt ÷ Total market value
13% = 18% × $900 ÷ $1,500 + Cost of debt × $600 ÷ $1,500
13% = 10.80% + Cost of debt × 0.4
Cost of debt = (13% - 10.80%) ÷ 0.4
= 5.5%
Hence, the cost of debt is 5.5%
Therefore the correct option is a.
If your nominal rate of return is 14.38 percent and your real rate of return is 4.97 percent, what is the inflation rate
Answer:
try 1.35Explanation:
Wood Company had the following inventory items on hand at the end of the year. Computing the lower of cost or net realizable value on an item-by-item basis, determine what amount would be reported on the balance sheet for inventory.
Quantity Cost per item Net realizable value per item Lower of cost or market Reported on the balance sheet
Item A 80 $87 $102
Item B 40 62 57
Total
Answer:
$9,240
Explanation:
Calculation for the amount that would be reported on the balance sheet for inventory
Using this formula
Quantity* Lower of cost or market= Amount to
be Reported on balance sheet
Let plug in the formula
Item A 80 *$87 =$6,960
Item B 40* 57=$2,280
Total $9,240
($6,960+$2,280)
Therefore the amount that would be reported on the balance sheet for inventory will be $9,240
Assuming a 360 day year, the interest charged by the bank at the rate of 6%, on a 90 day discounted note payable of 100,000 is:_______.A. $6,000 B. $1,500 C. $ 500 D. $ 3,000
Answer:B. $1,500
Explanation:
Interest revenue is money earned when an entity or individual loans money to another. it can also be regarded as money accrued from investments. IT is calculated as
Interest Revenue = Principal x Rate x Time
= $100,000 x 6% x 90/360
= $100,000 x 0.06 x 0.25
= $1,500
Therefore the interest charge by the bank is $1500.
The inverse market demand in a homogeneous product Cournot duopoly is P=100-2(Q1+Q2), and the costs are given by C(Q1) = 12Q1 and C(Q2) = 20Q2. The implied marginal costs are $12 for firm 1 and $20 for firm 2.
a. Determine the reaction function for firm 1.
b. Determine the reaction function for firm 2.
c. Calculate the Cournot equilibrium price and quantity.
d. Suppose firm 1 is a monopoly (firm 2 does not exist), what is firm 1's monopoly output and price?
e. How does the monopoly price and quantity comparing with Cournot equilibrium in part (c)?
Answer:
Following are the solution to the given points:
Explanation:
[tex]Q_1= 22-\frac{Q_2}{2}\\\\Q_2= 20-\frac{Q_1}{2}[/tex]
Replacing the [tex]Q_1[/tex] value in the equation mentioned above:
[tex]Q_2= 20- (\frac{(22-\frac{Q_2}{2})}{2})\\\\Q_2= 20-11+\frac{Q_2}{4}\\\\3\frac{Q_2}{4}=9\\\\Q_2= \frac{(9\times4)}{3}\\\\Q_2= 12[/tex]
Substituting the value of [tex]Q_2[/tex]:
[tex]Q_1= 22- \frac{Q_2}{2}\\\\Q_1= 22-6\\\\Q_1=16\\\\[/tex]
Now
[tex]P= 100-2(Q_1+Q_2)\\\\P= 100-2(16+12)\\\\P=100- 56\\\\P= 44\\\\[/tex]
In this firm a monopoly: (Q2 is 0 now)
Profit maximization is at MR=MC
as per the equation[tex]P= 100-2Q_1[/tex]
[tex]P.Q1= 100Q_1-2Q_1^{2}\\\\MR= 100-4Q_1\\\\MC= 12\\[/tex]
[tex]100-4Q_1=12\\\\4Q_1=88\\\\Q_1= 22\\\\and \ P= 100-2(22)= 56.[/tex]
If a one-year bond has a face value of $5,000 and is sold for $4,500, what is the interest rate on the bond?
Answer:
11.1%
Explanation:
The face value is $5000
It is sold for $4,500
Therefore the interest rate of this bond can be calculated as follows
$5000-$4500
= 500
500/4500 × 100
= 0.111 × 100
= 11.1%
Hence the interest rate is 11.1%
The separation of the ownership of the firm from the control of the firm leads to: ____________
a. debt financing.
b. an agency problem.
c. depreciation.
d. equity financing.
Answer:
D. Equity financing
Explanation:
Hope this helps!
How you can identify the market structures discussed in the coverage
Answer:
The main characteristics that determine a market structure are: the number of organizations in the market (selling and buying), their relative negotiation power in relation to the price setting, the degree of concentration among them; the level product of differentiation and uniqueness; and the entry and exit barriers ...
Explanation:
Please mark me as the brainliest answer
Despite Alisa’s request for a 7% wage increase for workers with seniority, Katherine flat out rejects the request and cites the fact that the company has a salary freeze for all employees. In this situation, Katherine is using which type of power to make this decision?
Answer:
Legitimate power.
Explanation:
Legitimate power is one that a person hold as a result of their position in an organisation.
They formally hold a position if authority that enables them exercise such power.
For example in the community the police has the authority to arrest law offenders.
This type of authority tends to be on official matters that have a set guideline.
In the given scenario Katherine rejects Alisa’s request for a 7% wage increase for workers with seniority and cites the fact that the company has a salary freeze for all employees.
The freeze is an official guideline in place within the organisation, and Katherine is enforcing it.
Situational analysis:_______.a. reviews the organization’s internal operations. b. explores the organization’s external environment. c. analyzes the organization’s situation. d. all of these are correct.
Answer:
d. all of these are correct.
Explanation:
Situational analysis is used by companies to try and understand how their environment (both external and external) affects business environment, customers, and the come with us.
Basically it is used to understand the situation and environment a business operates in.
For example a company can familiarise themselves with the political environment of a country in order effectively operate there. Maybe a government that allows foreign direct investment provides a conducive environment for businesses to come in
Bravo's complete assets and liabilities are Accounts Receivable $800, Equipment $10,000, Accounts Payable $4,200, Prepaid Rent $2,000, Supplies $400, Bank Loan $1,600, and Tools $300. Bravo's total assets are:_____.a. $11,100.b. $13,500.c. $11,500.d. $13,100.e. none of these.
Answer:
b $13,500
Explanation:
Assets are items that are used by a business organization for positive economic value .
Given that;
Accounts receivable = $800
Equipment = $10,000
Accounts payable = $4,200
Prepaid rent = $2,000
Supplies = $400
Bank loan = $1,600
Tools = $300
Total assets = Accounts receivable + Equipment + Prepaid rent + Supplies + Tools
Total assets = $800 + $10,000 + $2,000 + $400 + $300
Total assets = $13,500
Therefore, Bravo's total assets is $13,500.
To some extent, Disney produces a product and a service. When it went to Japan, it represented an innovation to the Japanese market. The fact that it did well speaks to the ___________ of that innovation and the role that the Japanese partner played in addressing the specific cultural issues.
Answer: diffusion
Explanation:
Diffusion of innovation has to do with the spread of a particular innovation. We should note that the innovation was successful in Japan, and the Japanese accepted it.
The fact that it did well speaks to the diffusion of that innovation and the role that the Japanese partner played in addressing the specific cultural issues.
Grady exchanges qualified property, basis of $21,833 and fair market value of $26,200, for 60% of the stock of Eadie Corporation. The other 40% of the stock is owned by Pedro, who acquired it five years ago. Calculate Grady's current income, gain, or loss and the basis he takes in his shares of Eadie stock as a result of this transaction.
Answer:
$26,200
Explanation:
Current gain = Fair market value of the property - Basis of qualified property = $26,200 - $21,833 = $4367. Thus, the amount of Grady current gain is $4,367
We now determine the basis that Gredy takes for the share of Eadie stock
Basis = Original basis of qualified property + Current gain
Basis = $21,833 + $4,367
Basis = $26,200
Thus, basis that Gredy takes for the share of Eadie stock is $26,200
Having determined that June's poor work performance is related to a lack of ability, what is the first question you should ask?A) Why does June have a poor attitude?B) Does June lack commitment?C) Does June have the resources to do the job?D) Why doesn't June try harder?
The contrast between those with and those without Internet access is known as the __________ divide.
A. technology
B. global digital
C. interspace
D. None of the above
Answer: It is 100% B. Global digital
Explanation: The answer is on Quizlet.
The contrast between those with and without Internet access is known as the Global Digital divide. Thus option (B) is correct.
What is the Digital Divide?The digital divide refers to the gap between demographics and regions that have access to modern information and communications technology and those that don't.
The digital divide encompasses the technical and financial ability to utilize available technology, along with access(or lack of access) to the internet. It exist between developed and developing, urban and rural populations.
The consequences of the digital divide include isolation, which can affect mental health, educational barriers as postsecondary education increasingly moves online, and worsening gender discrimination, also affects the human and economic development of a nation.
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Romboski, LLC, has identified the following two mutually exclusive projects:Year Cash Flow (A) Cash Flow (B)0 58,000 58,000 1 34,000 21,200 2 28,000 25,200 3 20,000 30,000 4 13,600 25,200Requirement1:a) What is the IRR for each of these projects? (Do not round intermediate calculations. Enter your answer as a percentage roundedto 2 decimal places (e.g., 32.16).)(b) If you apply the IRR decision rule, which project should the company accept?Requirement 2:(a) Assume the required return is 14 percent. What is the NPV for each of these projects? (Do not round intermediate calculations.Round your answers to 2 decimal places (e.g., 32.16).)(b) Which project will you choose if you apply the NPV decision rule?Requirement 3:(a) Over what range of discount rates would you choose Project A? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)(b) Over what range of discount rates would you choose Project B? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)(c) At what discount rate would you be indifferent between these two projects? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)
Answer:
Year Cash Flow (A) Cash Flow (B)
0 -58,000 -58,000
1 34,000 21,200
2 28,000 25,200
3 20,000 30,000
4 13,600 25,200
Requirement 1:
a) What is the IRR for each of these projects?
using an excel spreadsheet and the IRR function:
Project A's IRR = 28.3%
Project B's IRR = 25.7%
(b) If you apply the IRR decision rule, which project should the company accept?
Project A (its IRR is higher)
Requirement 2:
(a) Assume the required return is 14 percent. What is the NPV for each of these projects?
using an excel spreadsheet and the NPV function:
Project A's NPV = $14,921.37
Project B's NPV = $15,156.64
(b) Which project will you choose if you apply the NPV decision rule?
Project B (its NPV is higher)
Requirement 3:
(a) Over what range of discount rates would you choose Project A?
higher than 14.85%
(b) Over what range of discount rates would you choose Project B?
lower than 14.85%
(c) At what discount rate would you be indifferent between these two projects?
crossover rate calculation
Year Cash Flow (A) Cash Flow (B) differential amount
0 -58,000 -58,000 $0
1 34,000 21,200 $12,800
2 28,000 25,200 $2,800
3 20,000 30,000 -$10,000
4 13,600 25,200 -$11,600
using an excel spreadsheet and IRR function, the cross over rate = 14.85%
Suppose an increase in the demand for dollars has caused an appreciation of the dollar. According to the purchasing power parity theorem, the value of the dollar in the future will:
Answer:
Appreciate more
Explanation:
Suppose an increase in the demand for dollars has caused an appreciation of the dollar. According to the purchasing power parity theorem, the value of the dollar in the future will appreciate more. This is because the shift in demand and supply will cause an increase in the value of the dollar. Purchasing power parity (PPP) is a theory which states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries.
You bought a stock six months ago for $80.82 per share. The stock paid no dividends. The current share price is $86.59. Required:What is the APR and EAR of your investment? (Do not round intermediate calculations. Enter your answers as a percentage rounded to 2 decimal places (e.g., 32.16).) InvestmentAPR % EAR %
Answer:
APR = 14.28%
EAR = 14.7%
Explanation:
Stock price = $80.82
Current stock price = $86.59
The return will be as below since no dividend was stated
R = ($86.59 - $80.82) / 80.82
R = 0.0714
R = 7.14%
For six months, the return was 7.14%
Annual percentage yield (APR) = 2*(7.14%) = = 14.28%. Therefore, the value of APR = 14.28%
Effective Annual Return = [1 + (Annual Rate/ N )] ^N - 1
= [1 + (14.28% / 2]^2 - 1
= [1 + 0.071]^2 -1
= 1.147 - 1
= 0.147
= 14.7%
Suppose price decreases from $27.00 to 513.00. Using the mid-point formula, the percentage change in price is:_________ a) 0.7 - 70 percent b) 14 percent c) -0.7 - 70 percent. d) -0.35 -- 35 percent.
Answer: c) -0.7 - 70 percent.
Explanation:
Using the midpoint formula, the change will be;
[tex]= \frac{P_{2} - P_{1} }{\frac{P_{2} + P_{1}}{2} } \\\\= \frac{13 - 27 }{\frac{13 + 27}{2} }\\\\= -0.7[/tex]
= -70%