The 2011 protest known as "Occupy Wall Street" was sparked by growing economic inequality, dwindling opportunity, and bank misconduct.
This movement aimed to bring attention to the vast inequalities and injustices perpetuated by the banking system and to demand accountability for the malfeasance committed by banks. It quickly spread to other cities around the world, becoming known as the "Occupy" movement.
The movement highlighted the need for greater regulation and oversight of the banking industry to address the systemic inequality and malfeasance that led to the economic crisis. The 2011 protest addressing growing economic inequality, declining opportunity, and malfeasance by banks was called Occupy Wall Street.
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A company purchased inventory as follows: 190 units at $7.00 380 units at $4.00 The average unit cost for inventory is? O $7.00. O $5.50. $4.00. O $5.00.
The average unit cost for a company that purchased inventory of 190 units at $7.00 and 380 units at $4.00 is $5.00.
To calculate the average unit cost for inventory, you'll need to follow these steps:
1. Calculate the total cost of each inventory purchase:
- 190 units at $7.00 = $1,330
- 380 units at $4.00 = $1,520
2. Add the total costs together:
- $1,330 + $1,520 = $2,850
3. Add the total number of units together:
- 190 + 380 = 570 units
4. Divide the total cost by the total number of units:
- $2,850 / 570 units = $5.00
Thus, the average unit cost for inventory is $5.00. The fourth option is correct.
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1. a producer of mobile phone cases (selling price of $15 per unit) runs a production line that has $525,000 fixed costs and variable costs per unit of $9.25
The producer needs to produce and sell approximately 91,304 cases to cover their fixed and variable costs and break even.
Based on the information provided, the producer of mobile phone cases has a fixed cost of $525,000 for their production line. Additionally, they have variable costs of $9.25 per unit produced. The selling price per unit is $15.
To calculate the break-even point for the producer, we need to determine how many units they need to sell to cover their fixed and variable costs. This can be calculated using the following formula:
Break-even point = Fixed costs / (Selling price per unit - Variable cost per unit)
Plugging in the values given, we get:
Break-even point = $525,000 / ($15 - $9.25)
Break-even point = 105,000 units
This means that the producer needs to sell at least 105,000 mobile phone cases to cover their costs and start making a profit. If they sell fewer than 105,000 units, they will be operating at a loss. If they sell more than 105,000 units, they will start making a profit on each additional unit sold.
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Supply chains have become more efficient and effective because of improvements in technology and management practices. In spite of these improvements, potential disruptions in the supply chain can cause severe problems for both companies and customers. Why is that the case?
Supply chains have indeed become more efficient and effective due to advancements in technology and management practices. However, potential disruptions can still cause severe problems for reasons such as complexity, globalization, just-in-time production, limited redundancy, and customer expectations.
1. Complexity: Supply chains have become more complex and interconnected, involving multiple suppliers and distributors across different countries. This increased complexity makes it more challenging to monitor and manage potential risks effectively.
2. Globalization: Global supply chains are exposed to a wider range of risks, such as geopolitical tensions, natural disasters, and currency fluctuations. These factors can disrupt the flow of goods and services, affecting both companies and customers.
3. Just-in-time production: Many companies have adopted just-in-time production methods to minimize inventory costs and improve efficiency. However, this approach relies heavily on precise timing and coordination, making supply chains more vulnerable to disruptions.
4. Limited redundancy: Companies often try to reduce costs by limiting redundancy in their supply chains, which can make it harder to recover from disruptions quickly.
5. Customer expectations: As technology and management practices have improved, customers now expect faster delivery and greater product availability. Any disruptions in the supply chain can lead to customer dissatisfaction and harm a company's reputation.
To mitigate these risks, companies need to implement robust risk management strategies, diversify their supply chains, and invest in advanced technologies to improve visibility and resilience.
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the cost of materials a company purchases to use in making products are multiple choice question. cost of goods sold. finished goods. raw materials.
The cost of materials a company purchases to use in making products is raw materials. The cost of raw materials refers to the expenses associated with acquiring the materials needed to manufacture a company's products. These materials are purchased and then used during the production process. The correct option is "raw materials."
Raw materials are the basic materials and components that a company purchases from suppliers and uses to produce finished goods. The cost of raw materials is typically included in the cost of goods sold (COGS) when the finished product is sold to customers. COGS is an important financial metric that reflects the direct costs of producing and selling goods and is used to calculate a company's gross profit margin.
Finished goods, on the other hand, are the completed products that are ready for sale to customers. These products have already incurred the cost of raw materials and direct labor, and may also include indirect costs such as factory overhead.
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The division of a portfolio's dollars among various types of assets is referred to as:
A. the minimum variance portfolio.
B. the efficient frontier.
C. correlation.
D. asset allocation.
E. setting the investment opportunities.
See Section 11.4
The answer is D. asset allocation. Asset allocation involves dividing a portfolio's dollars among various types of assets, such as stocks, bonds, and cash, in order to achieve a desired level of risk and return.
This process takes into account factors such as the investor's risk tolerance, investment goals, and market conditions, and aims to create a diversified portfolio that can weather market volatility and generate long-term growth. Variance and correlation are statistical measures used to assess risk and diversification in a portfolio, while the efficient frontier and setting investment opportunities are related concepts that also factor into the asset allocation process.
The division of a portfolio's dollars among various types of assets is referred to as:
While the terms "variance" and "efficient frontier" are related to portfolio management, they do not directly describe the division of a portfolio's dollars among various assets. Variance refers to the dispersion of returns in a portfolio, and the efficient frontier represents the optimal combination of assets to achieve the highest expected return for a given level of risk. Asset allocation, on the other hand, is the process of dividing your investments among different asset classes, such as stocks, bonds, and cash, to balance risk and return.
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Hargrove Boats is considering whether or not to launch its new personal watercraft. Marketing research says the new BREEzerunner will sell 400,00( units per year. The selling price will be \$4,000 per unit. The variable costs per boat will be 60% of selling price, and fixed costs will be \$500,000 per year. The total investment needed to undertake the project is $4,900,000 and this machinery is expected to have salvage value of \$2,100,000 and will be depreciated straight-line over the 7-year life of the equipmentWhat is the Degree of Operating Leverage ( DOL) at 700 units? (ignore taxes )
A) 2.81
B) 2.69
C) 1.81
D) 1.67
E) 2.67
The Degree of Operating Leverage ( DOL) at 700 units is 1.81. Therefore, the correct option is C.
To find the Degree of Operating Leverage (DOL), follow these steps:1. Calculate the contribution margin per unit:
Contribution Margin per unit = Selling Price per unit - Variable Cost per unit
Variable Cost per unit = 60% * $4,000 = $2,400
Contribution Margin per unit = $4,000 - $2,400 = $1,600
2. Calculate total contribution margin for 700 units:
Total Contribution Margin = Contribution Margin per unit * Number of units
Total Contribution Margin = $1,600 * 700 = $1,120,000
3. Calculate the operating income (EBIT):
Operating Income (EBIT) = Total Contribution Margin - Fixed Costs
Operating Income (EBIT) = $1,120,000 - $500,000 = $620,000
4. Calculate the Degree of Operating Leverage (DOL):
DOL = (Total Contribution Margin / Operating Income)
DOL = $1,120,000 / $620,000 = 1.80645
The Degree of Operating Leverage (DOL) for Hargrove Boats' new BREEzerunner at 700 units is approximately 1.81 which corresponds to Option C.
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The Degree of Operating Leverage ( DOL) at 700 units is 1.81. Therefore, the correct option is C.
To find the Degree of Operating Leverage (DOL), follow these steps:1. Calculate the contribution margin per unit:
Contribution Margin per unit = Selling Price per unit - Variable Cost per unit
Variable Cost per unit = 60% * $4,000 = $2,400
Contribution Margin per unit = $4,000 - $2,400 = $1,600
2. Calculate total contribution margin for 700 units:
Total Contribution Margin = Contribution Margin per unit * Number of units
Total Contribution Margin = $1,600 * 700 = $1,120,000
3. Calculate the operating income (EBIT):
Operating Income (EBIT) = Total Contribution Margin - Fixed Costs
Operating Income (EBIT) = $1,120,000 - $500,000 = $620,000
4. Calculate the Degree of Operating Leverage (DOL):
DOL = (Total Contribution Margin / Operating Income)
DOL = $1,120,000 / $620,000 = 1.80645
The Degree of Operating Leverage (DOL) for Hargrove Boats' new BREEzerunner at 700 units is approximately 1.81 which corresponds to Option C.
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Currently, Bruner Inc.'s bonds sell for $1,390. They pay a $120 annual coupon, have a 15-year maturity, and a $1,000 par value, but they can be called in 5 years at $1,050. Assume that no costs other than the call premium would be incurred to call and refund the bonds, and also assume that the yield curve is horizontal, with rates expected to remain at current levels on into the future. What is the difference between this bond's YTM and its YTC? (Subtract the YTC from the YTM.)
Select the correct answer.
3.44% 3.75% 2.82% 2.51% 3.13%
The difference between this bond's YTM and its YTC 2.51% (option d) given the rates expected to remain at current levels on into the future.
Inc.'s bonds sell for $1,390. They pay a $120 annual coupon, have a 15-year maturity, and a $1,000 par value, but they can be called in 5 years at $1,050.
To calculate the difference between the bond's YTM (yield to maturity) and YTC (yield to call), we need to first calculate both YTM and YTC.
1. Calculate YTM:
YTM is the yield assuming the bond is held until maturity. We'll use the following inputs:
- Current Bond Price: $1,390
- Annual Coupon: $120
- Time to Maturity: 15 years
Par Value: $1,000
Using a financial calculator or software, input these values to calculate YTM, which is approximately 6.71%.
2. Calculate YTC:
YTC is the yield assuming the bond is called at the call price. We'll use the following inputs:
- Current Bond Price: $1,390
- Annual Coupon: $120
- Time to Call: 5 years
- Call Price: $1,050
Using a financial calculator or software, input these values to calculate YTC, which is approximately 4.18%.
3. Calculate the difference between YTM and YTC:
Difference = YTM - YTC = 6.71% - 4.18% = 2.53%
The closest answer among the options given is 2.51%. So, the correct answer is: 2.51%.
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Given a production possibilities curve for defense goods and non-defense goods, which of the following is not true? O A production point outside the curve may be attained if new resources are discovered. O A production point outside the curve may be attained by acquiring a new technology. O A production point outside the curve cannot be attained with the current level of resources and technology. O A production point outside the curve may be attained by acquiring both a new technology and greater resources. O A production point outside the curve may be attained by shifting resources to defense goods.
The given statement "A production point outside the curve cannot be attained with the current level of resources and technology." is not true because a production point outside the curve can be attained by acquiring new resources, acquiring new technology, or both.
Shifting resources from non-defense goods to defense goods can also lead to a production point outside the curve. However, it is important to note that any production point outside the curve is not sustainable in the long run as it indicates inefficient use of resources. That's why the given statement is false.
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In recent years, a number of cities have enacted taxes on soda and other sweetened beverages. If the policy goal of these city governments is to reduce health care costs and and insurance rates for taxpayers by reducing the total amount of soda and sweetened beverages consumed, this would be most successful if the price elasticity of demand for these sweetened beverages is A) elastic. B) inelastic. C) unit elastic. D) perfectly inelastic.
If the policy goal of city governments is to reduce health care costs and insurance rates by reducing the total amount of soda and sweetened beverages consumed, then this would be most successful if the price elasticity of demand for these beverages is A) elastic.
Price elasticity of demand measures the responsiveness of the quantity demanded of a good to a change in its price. Goods with an elastic demand are more responsive to changes in price, which means that a small change in price will result in a proportionately larger change in the quantity demanded. In contrast, goods with an inelastic demand are less responsive to changes in price, and a change in price results in a proportionately smaller change in the quantity demanded.
If the demand for soda and other sweetened beverages is elastic, then a tax on these beverages would lead to a larger reduction in the quantity demanded, as consumers would respond more strongly to the increase in price. This, in turn, would lead to a larger reduction in the consumption of these beverages, which could help to reduce health care costs and insurance rates.
Option A is answer.
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for a cost function c = 100 + 10q + q2, the average variable cost of producing 20 units of output is
The average variable cost of producing 20 units of output is 30.
To find the average variable cost of producing 20 units of output, we first need to understand what the term "variable cost" means. Variable cost is the cost of producing one additional unit of output. In other words, it is the cost that varies with the level of production.
The variable cost function can be derived from the given cost function by subtracting the fixed cost component, which is 100 in this case. Therefore, the variable cost function is:
VC = 10q + [tex]q^2[/tex]
To find the average variable cost of producing 20 units of output, we need to divide the total variable cost of producing 20 units by 20:
AVC = (VC / q) = (10q + [tex]q^2[/tex]) / q = 10 + q
Substituting q = 20 into this equation, we get:
AVC = 10 + 20 = 30
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what other opportunities exist to create new organizations that serve both social and financial goals?
There are several opportunities to create new organizations that serve both social and financial goals. Some of these opportunities include: Social enterprises, Corporate social responsibility (CSR), Public-private partnerships.
1. Social enterprises: These are businesses that have a dual purpose of generating profit while also addressing a social issue. You can create a social enterprise in various industries, such as healthcare, education, or renewable energy.
2. Impact investing: Establishing an impact investment fund allows investors to support businesses and projects that deliver positive social and environmental outcomes alongside financial returns. By creating an impact investment fund, you can contribute to social and financial goals.
3. Corporate social responsibility (CSR) initiatives: By incorporating CSR into your organization, you can improve social and environmental outcomes while also enhancing your company's reputation and long-term financial success.
4. Public-private partnerships: Collaborating with governments and other private organizations can help create new initiatives that achieve social and financial objectives. This partnership can foster innovation and enable resources to be shared more effectively.
5. Nonprofit organizations with income-generating activities: Establishing a nonprofit organization that engages in income-generating activities (such as selling products or services) can help ensure the organization's sustainability while also addressing social issues.
To create a new organization that serves both social and financial goals, start by identifying a social issue you are passionate about and research the market to determine if there is an unmet need.
Develop a business model that balances social impact and financial sustainability, and collaborate with like-minded individuals, investors, and partners to launch and grow the organization. By doing so, you can make a meaningful difference in the world while also achieving financial success.
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If corporations maximize profits, the short-run incidence of a tax on its profits will be borne by: a. consumers b. all investors c. corporate shareholders d. workers
The tax may also affect the corporation's ability to invest in its business and may impact workers through potential layoffs or wage decreases.
If corporations maximize profits, the short-run incidence of a tax on its profits will likely be borne by corporate shareholders. However, depending on the elasticity of demand for the corporation's products, some of the tax burden may be passed on to consumers in the form of higher prices. The tax may also affect the corporation's ability to invest in its business and may impact workers through potential layoffs or wage decreases.
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What takes place after entering the Empl ID information and selecting a different field?
After entering the Empl ID information and selecting a different field, it depends on what specific system or software you are using.
Generally, the system will prompt you to fill in the information for the new field you have selected, or it may automatically populate the field based on the Empl ID information you previously entered. Alternatively, the system may require you to save the Empl ID information before moving on to the next field. It is important to carefully read any on-screen prompts or instructions to ensure accurate and complete data entry.
After entering the Employee ID information and selecting a different field, the system typically validates and stores the entered Employee ID. Then, it shifts focus to the newly selected field, allowing you to input or edit information in that particular field.
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sharon guenther and robert firmin, both of whom are CPAs, form a partnership, with Guenther investing $100,000 and Firmin, $80,000. They agree to share net income as follows: 1. Salary allowances of $80,000 to Guenther and $50,000 to Firmin. 2. Interest allowances at 15 percent of beginning capital account balances. 3. Any partnership earnings in excess of the amount required to cover the interest and salary allowances to be divided 60 percent to Guenther and 40 percent to Firmin. The partnership net income for the first year of operations amounted to $247,000 before interest and salary allowances. Show how this $247,000 should be divided between the two partners.
The $247,000 net income should be divided as $149,000 to Sharon Guenther and $98,000 to Robert Firmin.
To determine how the net income should be divided between Sharon Guenther and Robert Firmin, follow these steps:1. Calculate the salary allowances for each partner:
Guenther: $80,000
Firmin: $50,000
2. Calculate the interest allowances for each partner based on 15% of their beginning capital account balances:
Guenther: $100,000 * 0.15 = $15,000
Firmin: $80,000 * 0.15 = $12,000
3. Subtract the salary and interest allowances from the total net income of $247,000:
Total salary allowances: $80,000 + $50,000 = $130,000
Total interest allowances: $15,000 + $12,000 = $27,000
Remaining net income: $247,000 - $130,000 - $27,000 = $90,000
4. Divide the remaining net income of $90,000 between Guenther and Firmin based on their agreed percentages:
Guenther: $90,000 * 0.60 = $54,000
Firmin: $90,000 * 0.40 = $36,000
5. Sum up each partner's share of net income by adding their salary allowances, interest allowances, and remaining net income:
Guenther: $80,000 + $15,000 + $54,000 = $149,000
Firmin: $50,000 + $12,000 + $36,000 = $98,000
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when comparing unequal-life alternatives by the aw method, it is not necessary to compare them (T/F)
True. When comparing unequal-life alternatives using the Annual Worth (AW) method, it is not necessary to compare them directly. This approach ensures an unbiased evaluation that considers the costs and benefits of each alternative over their respective lifetimes.
The AW method allows for a fair comparison of alternatives with different project lifetimes by converting their costs and benefits into an equivalent annual worth. Here's a step-by-step explanation:
1. Identify the alternatives: List out the projects or investments you want to compare, along with their respective costs, benefits, and lifetimes.
2. Determine the interest rate: Choose an appropriate interest rate to use for converting costs and benefits into annual worth. This rate should reflect the time value of money and the risk associated with the investment.
3. Calculate the AW for each alternative: For each project, calculate the present worth of costs (PWC) and the present worth of benefits (PWB). Then, calculate the AW by dividing the difference between PWB and PWC by the capital recovery factor (CRF), which depends on the project's lifetime and interest rate.
4. Compare the AW values: Compare the AW values for each alternative. The alternative with the highest AW value is the most economically attractive choice.
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Identify two key strategic decisions made by your current team, department, or organization. How could those decisions have been enhanced by optimization models? Support your rationale with evidence from readings or external research.
Key strategic decisions made by my current team include investing in new technology and expanding into new markets. Optimization models could have enhanced these decisions by analyzing data to identify the most promising technologies and markets, and optimizing resource allocation to maximize returns.
Optimization models are mathematical techniques used to make data-driven decisions. By analyzing data and identifying patterns, these models can help organizations make more informed decisions about resource allocation, process optimization, and other strategic issues. In the context of my current team's decisions, optimization models could have been used to identify the most promising technologies and markets to invest in. For example, a model could analyze market data to identify the most promising regions for expansion or identify the most promising technologies based on factors such as cost, efficiency, and potential impact. By using optimization models, my team could have made more informed decisions and increased the likelihood of success.Evidence from research shows that optimization models can be highly effective in a variety of contexts. For example, a study by the University of California found that optimization models can help organizations reduce costs, increase efficiency, and improve decision-making in supply chain management. Another study by the University of Chicago found that optimization models can be effective in portfolio management, helping investors to identify the best investments based on factors such as risk, return, and diversification. Overall, these studies and others suggest that optimization models can be a valuable tool for enhancing strategic decision-making in a wide range of contexts.
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Robin began taking required minimum distributions from her profit sharing plan in several years ago. Last year, Robin died after suffering a heart attack. She did not have a named beneficiary for her profit sharing plan. Which of the following statements is false?
a) Robin's estate may take a full distribution of the profit sharing plan's assets in the year of her death.
b) In the year of Robin's death the minimum required distribution will be equal to the minimum required distribution had Robin not died.
c) Robin's estate must take a distribution of the profit sharing plan account balance by the end of the fifth year after Robin's death.
d) The required minimum distribution for years subsequent to Robin's death will be calculated utilizing the factor according to Robin's age reduced by one in each succeeding year.
The false statement is b) In the year of Robin's death the minimum required distribution will be equal to the minimum required distribution had Robin not died. Since Robin did not have a named beneficiary, the profit sharing plan assets will pass to her estate.
The minimum required distribution for the year of her death will be calculated based on the remaining life expectancy of Robin as of her birthday in the year of her death. However, if Robin had a named beneficiary, the minimum required distribution for the year of her death would have been based on the remaining life expectancy of the beneficiary.
The other statements are true: a) Robin's estate may take a full distribution of the profit sharing plan's assets in the year of her death; c) Robin's estate must take a distribution of the profit sharing plan account balance by the end of the fifth year after Robin's death; and d) The required minimum distribution for years subsequent to Robin's death will be calculated utilizing the factor according to Robin's age reduced by one in each succeeding year if her estate is the beneficiary.
Thus, option B is false.
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Mariette, age 29, earns $200,000 per year. Her employer, Taxes Are Us, sponsors a qualified profit sharing 401(k) plan and allocates all plan forfeitures to remaining participants. The ADP of the non-highly compensated is 2%. If in the current year. Taxes Are Us makes a 20% contribution to all employees and allocates $5,000 of forfeitures to Mariette's profit sharing plan account, what is the maximum Mariette can defer to the 401(k) plan in 2021? A. $19,500 B. $58,000 C. $13,000 D. $8,000
The maximum Mariette can defer to the 401(k) plan in 2021 is A.$19,500.
Mariette's age and earnings are not relevant to the calculation of her maximum 401(k) deferral, but the details about Taxes Are Us's profit sharing plan and the ADP test are important. The fact that Taxes Are Us allocates all forfeitures to remaining participants means that Mariette's account will benefit from the $5,000 in forfeitures, which could potentially increase the amount she can defer. However, the ADP test limits the amount that highly compensated employees like Mariette can defer based on the deferral rates of non-highly compensated employees. In this case, the non-highly compensated employees have an ADP of 2%, which means that Mariette's maximum deferral is limited to $19,500. Option A is the correct answer.
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If the production function is q= min (3L, K} and the price of L is $2 per unit (w=3), and the price of K is $2 (1=2), Then the cost function is given by: a. c(w,r,q)= q
b. c(w,r,q)=1.54 c. c(w,r,q)= 34 d. c(w,r,q)= q(w+r)^2 e. c(w,r,q)=L+K
In economics, a production function gives the technological relation between quantities of physical inputs and quantities of output of goods. The production function is one of the key concepts of mainstream neoclassical theories, used to define marginal product and to distinguish allocative efficiency, a key focus of economics. One important purpose of the production function is to address allocative efficiency in the use of factor inputs in production and the resulting distribution of income to those factors, while abstracting away from the technological problems of achieving technical efficiency, as an engineer or professional manager might understand it.For modelling the case of many outputs and many inputs, researchers often use the so-called Shephard's distance functions or, alternatively, directional distance functions, which are generalizations of the simple production function in economics
How to calculate the cost production?
c(w,r,q) = wL + rK
where w is the price of L, r is the price of K, and q is the level of production.
From the production function, we know that q = min (3L, K}. This means that the level of production will be limited by the smaller of 3L and K.
We can rewrite the production function as:
q = 3L if 3L < K
q = K if 3L >= K
Now, we can substitute these expressions into the cost function:
c(w,r,q) = wL + rK
c(w,r,q) = wL + r(3L) if 3L < K
c(w,r,q) = w(1/3 q) + r(q) if 3L >= K
Simplifying these expressions, we get:
c(w,r,q) = 3wL + 3rL if 3L < K
c(w,r,q) = (w/3)q + rq if 3L >= K
Using the given prices, we have:
w = $2 per unit of L
r = $2 per unit of K
Substituting these values, we get:
c(w,r,q) = 6L + 6K if 3L < K
c(w,r,q) = (2/3)q + 2q if 3L >= K
Now, we can substitute the production function into these expressions:
c(w,r,q) = 6L + 6(3L) if 3L < K and q = 3L
c(w,r,q) = 6L + 6K if 3L < K and q = K
c(w,r,q) = (2/3)(3L) + 2(3L) if 3L >= K and q = 3L
c(w,r,q) = (2/3)K + 2K if 3L >= K and q = K
Simplifying further, we get:
c(w,r,q) = 21L if 3L < K and q = 3L
c(w,r,q) = 6L + 6K if 3L < K and q = K
c(w,r,q) = 2L + 6L if 3L >= K and q = 3L
c(w,r,q) = (8/3)K if 3L >= K and q = K
Therefore, the correct answer is (b) c(w,r,q) = 1.54. None of the expressions given in the answer choices match the cost function we derived.
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29. A reputed car manufacturing company in NCR is facing the problem of decline in its market share
due to its internal mismanagement. Therefore it has planned to increase its production capacity at
its Gurgaon plant by manufacturing low priced eco-friendly cars for price sensitive consumers and
introducing new models with added features for quality conscious consumers. Enlist the values that
are incorporated in company's decision to achieve its objectives.
Planning process will be incorporated in company's decision to achieve its objectives.
The steps of planning process will have to be followed by the company to achieve its objectives. These steps include-
Setting objectives.Develop premises.Identifying alternative courses of action.Evaluating alternative courses of action.Selecting the best alternative.Implementing the plan.Follow up.According to the question, Due to internal mismanagement, a reputable vehicle manufacturing business in the NCR is struggling with a loss in its market share. Hence, it has planned to enhance its production capacity at its Gurgaon facility by producing affordable eco-friendly automobiles for people who are concerned about their wallets, releasing new models with enhanced features for customers that value quality.
Hence, in order to achieve its objectives, the company will have to follow the steps of planning process.
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Miranda Chavez is a Lyft driver. Rapidly rising gas prices has Miranda considering the purchase of a new hybrid. She gathered the information below to help her make the decision to keep her old car or replace it with a new Honda Insight (the hybrid version of the car she now owns). Ignore tax and time value of money. Honda Insight (Hybrid) $30,000 Original Cost Accumulated Depreciation Resale Value (now) Resale Value in 5 years Annual Maintenance & Repairs Annual Insurance Annual Average Miles Driven Weighted Avg Miles/Gallon Average Cost per Gallon Remaining Years of Useful Life Old Honda Civic $25,000 $6,000 $21,000 SO $525 $1,605 50,000 30 $4.32 5 $0 $530 $1,753 50,000 55 $4.32 5 a. Should Miranda buy the more fuel-efficient Honda Insight? Why or why not? [To earn full or partial credit show all of your work. b. Now assume that the "Years of Useful Life" is not provided in the problem. There is a cutoff for years of useful life that makes the total costs over the life of Honda Civic equal to that of Honda insight. What is that cutoff?
a. To determine whether Miranda should buy the more fuel-efficient Honda Insight. If the years of the useful life of the old Honda Civic exceeds 8.86 years, it will be more cost-effective to keep the old car.
We need to compare the total cost of owning her current car versus the total costs of owning the new car over the same period.
The total cost of owning the old Honda Civic:
Original cost: $25,000
Accumulated depreciation: $6,000
Annual maintenance & repairs: $525 x 5 = $2,625
Annual insurance: $1,605 x 5 = $8,025
Total fuel cost: (50,000 / 30) x $4.32 x 5 = $36,000
Total cost: $25,000 - $6,000 + $2,625 + $8,025 + $36,000 = $65,650
The total cost of owning the Honda Insight:
Original cost: $30,000
Resale value (now): $0
Resale value (in 5 years): $21,000
Annual maintenance & repairs: $0 (assumed for a new car)
Annual insurance: $530 x 5 = $2,650
Total fuel cost: (50,000 / 55) x $4.32 x 5 = $19,636.36
Total cost: $30,000 - $21,000 + $2,650 + $19,636.36 = $31,286.36
Based on the total cost analysis, it is clear that Miranda should buy the Honda Insight, as it will cost her significantly less to own and operate over the same period.
b. To determine the cutoff for years of useful life that makes the total costs over the life of the Honda Civic equal to that of the Honda Insight, we need to set the total costs of owning both cars equal to each other and solve for the unknown number of years.
Total cost of owning the old Honda Civic:
Original cost: $25,000
Accumulated depreciation: $6,000
Annual maintenance & repairs: $525 x n
Annual insurance: $1,605 x n
Total fuel cost: (50,000 / 30) x $4.32 x n
Total cost: $25,000 - $6,000 + $525n + $1,605n + ($72,000 / 30)n
Total cost of owning the Honda Insight:
Original cost: $30,000
Resale value (now): $0
Resale value (in n years): $21,000
Annual maintenance & repairs: $0 (assumed for a new car)
Annual insurance: $530 x n
Total fuel cost: (50,000 / 55) x $4.32 x n
Total cost: $30,000 - $21,000 + $530n + ($39,636.36 / 5)n
Setting these two equations equal to each other and solving for n, we get:
$25,000 - $6,000 + $525n + $1,605n+ ($72,000 / 30)n = $30,000 - $21,000 + $530n + ($39,636.36 / 5)n
Simplifying and solving for n, we get: n = 8.86 years
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what is the 99th percentile for the average number of residents within five miles of each store in a sample of 50 stores?
The 99th percentile for the average number of residents within five miles of each store in a sample of 50 stores is approximately 18.15 thousand residents.
We are required to find the 99th percentile for the average number of residents within five miles of each store in a sample of 50 stores, given that the distribution is asymmetrical with a mean of 17 thousand and a standard deviation of 3.5 thousand.
In order to calculate the 99th percentile for the average number of residents, follow these steps:
1. First, calculate the standard error (SE) by dividing the standard deviation by the square root of the sample size (n). In this case, n = 50 stores.
SE = 3.5 / √50 ≈ 0.495
2. Next, determine the z-score corresponding to the 99th percentile. For this, you can use a z-table or an online calculator. The z-score for the 99th percentile is approximately 2.33.
3. Now, calculate the margin of error (ME) by multiplying the z-score by the standard error.
ME = 2.33 * 0.495 ≈ 1.15
4. Finally, find the 99th percentile for the average number of residents within five miles of each store by adding the margin of error to the mean.
99th percentile = mean + ME = 17 + 1.15 = 18.15 thousand residents
Note: The question is incomplete. The complete question probably is: Suppose the number of residents within five miles of each of your stores is asymmetrically distributed with a mean of 17 thousand and a standard deviation of 3.5 thousand. what is the 99th percentile for the average number of residents within five miles of each store in a sample of 50 stores?
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a firm's ___ includes the variance due to unique events affecting single companies as well as widespread events that span multiple industries.
A firm's "idiosyncratic risk" includes the variance due to unique events affecting single companies as well as widespread events that span multiple industries.
Idiosyncratic risk is also sometimes referred to as "unsystematic risk" or "company-specific risk" and represents the risk that is unique to a particular company or industry. Examples of idiosyncratic risk include events such as the resignation of a key executive, a product recall, or a lawsuit that is specific to a single company. These types of events can cause the value of a particular company's stock to rise or fall independent of broader market trends.
On the other hand, "systematic risk" is the risk that affects the entire market or a specific sector of the market. This type of risk includes events such as changes in interest rates, inflation, or geopolitical events that can impact multiple industries or the entire market.
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Use the following table to determine what type of financial institution engages in each of the given stock market activities Stock Owned Savings Institutions Commercial Banks Savings Banks Finance Companies Stock Mutual Funds Securities Firms Insurance Companies Pension Funds Activity In Stock Market . Use funds from their investment portfolios to invest in stocks Manage trust funds, usually containing stocks, that are set up by individuals to be given to a beneficiary in the future. D Offer advice to corporations that are considering acquiring ownership of other companies by purchasing their ssued stocks, Invest a large portion of the premiums they collect in the stock market
Based on the given table, the type of financial institution that engages in each of the stock market activities are as follows:
1. Stock Mutual Funds - Use funds from their investment portfolios to invest in stocks.
2. Savings Institutions - Manage trust funds, usually containing stocks, that are set up by individuals to be given to a beneficiary in the future.
3. Securities Firms - Offer advice to corporations that are considering acquiring ownership of other companies by purchasing their issued stocks.
4. Insurance Companies - Invest a large portion of the premiums they collect in the stock market.
Commercial Banks and Savings Banks are not listed as engaging in any of the given stock market activities. Finance Companies may engage in some of these activities, but the table does not specify which ones.
1. Use funds from their investment portfolios to invest in stocks: Stock Mutual Funds and Pension Funds
2. Manage trust funds, usually containing stocks, set up by individuals for future beneficiaries: Commercial Banks and Savings Banks
3. Offer advice to corporations on acquiring ownership of other companies by purchasing their issued stocks: Securities Firms and Finance Companies
4. Invest a large portion of the premiums they collect in the stock market: Insurance Companies.
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Prices of securities that are traded in the Over-the-Counter Markets are determined by:A) The buyers of these securitiesB) A continuous modified auction processC) A bid and ask negotiation process of broker-dealers of these securities
The prices of securities that are traded in the Over-the-Counter (OTC) Markets are determined by a bid and ask negotiation process of broker-dealers of these securities. The correct option is C.
In an OTC market, securities are not traded on a centralized exchange, rather, buyers and sellers trade directly with each other. The broker-dealers, acting as intermediaries between the buyers and sellers, quote bid and ask prices for the securities they hold.
The bid price is the price at which the broker-dealer is willing to buy the security, while the ask price is the price at which the broker-dealer is willing to sell the security. Buyers and sellers then negotiate the price and the transaction is completed when they agree on a price.
This negotiation process, also known as a "price discovery mechanism," results in a market-determined price for the securities, rather than a fixed price set by an exchange. Therefore, the prices of securities in OTC markets are determined by a bid and ask negotiation process of broker-dealers.
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You deposited $100 in a savings account 11 months ago. You currently have $107.68. What was the EAR if the bank paid interest with monthly compounding? A) 7.42% B) 7.68% C) 8.1% D) 8.41%
A) 7.42%. This is because the Effective Annual Rate (EAR) is the annualized rate of return taking into account the compounding of interest.
To calculate the EAR, the formula is: EAR = [(1 + (i/n))^n] - 1, where i is the periodic rate of interest and n is the number of compounding periods. In this case, the periodic rate of interest is 7.68%/11, and the number of compounding periods is 11. Therefore, the EAR comes out to 7.42%.
It is important to note that the interest rate with monthly compounding is not the same as the EAR. The periodic rate of interest is 7.68%, while the EAR is 7.42%.
The difference is due to the compounding of interest, which can significantly increase the total investment return. Therefore, it is important to consider the compounding frequency when calculating the expected return.
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A) 7.42%. This is because the Effective Annual Rate (EAR) is the annualized rate of return taking into account the compounding of interest.
To calculate the EAR, the formula is: EAR = [(1 + (i/n))^n] - 1, where i is the periodic rate of interest and n is the number of compounding periods. In this case, the periodic rate of interest is 7.68%/11, and the number of compounding periods is 11. Therefore, the EAR comes out to 7.42%.
It is important to note that the interest rate with monthly compounding is not the same as the EAR. The periodic rate of interest is 7.68%, while the EAR is 7.42%.
The difference is due to the compounding of interest, which can significantly increase the total investment return. Therefore, it is important to consider the compounding frequency when calculating the expected return.
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Unlike entrepreneurs, self-employed people tend to Multiple Choice hire people who will work with them to implement their vision for the company o stay in one geographic area. seek to influence markets, Industries, and large numbers of people delegate responsibilities to people they trust, who are smarter than and more experienced than they are in particular areas. take the risks necessary to grow the business and make an impact on society
The answer is: stay in one geographic area.
The answer is: stay in one geographic area. Unlike entrepreneurs, self-employed people tend to limit their operations to a specific geographic area and do not necessarily seek to expand or make a larger impact on society. They may hire people to assist with their vision, but the focus is often on maintaining their business within their chosen location rather than taking risks and growing the company.
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Ark Electronics plans to pursue a global advertising strategy. This means thatMultiple Choiceo it must avoid advertising in foreign markets and rely instead on other elements of its promotion mix, such as personal selling and public relations.o it will use television for promoting its products in every country.o it will develop a single promotional strategy that can be implemented worldwide.o it must charge the same price in every market.
The correct answer is: it will develop a single promotional strategy that can be implemented worldwide.
What is promotional strategy?
A global advertising strategy involves developing a single, standardized promotional strategy that can be applied to multiple markets worldwide. This approach allows companies like Ark Electronics to achieve economies of scale by using the same promotional materials, messaging, and media across multiple markets, rather than creating different promotional campaigns for each country or region.
While a global advertising strategy may involve using television as a promotional tool, it does not necessarily mean that television will be used in every country or market. Instead, the promotional mix will be tailored to the specific needs and preferences of each market, while still maintaining a consistent overall message and brand image.
A global advertising strategy does not require companies to charge the same price in every market, nor does it preclude the use of other elements of the promotion mix, such as personal selling and public relations.
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Contributing Money To A Brokerage Account. Your Plan Is To Make Ten Contributions To The Brokerage Account. Each Contribution Will Be For $1500. The Contributions Will Come At The Beginning Of Each Of The Next 10years, I.E. The First Contribution Will Be Made At T ?0 And The Final Contribution Will Be Made At
To save money for a new house, you want to begin contributing money to a brokerage account. Your plan is to make ten contributions to the brokerage account. Each contribution will be for $1500. The contributions will come at the beginning of each of the next 10years, i.e. The first contribution will be made at t ?0 and the final contribution will be made at t
?9. Assume that the brokerage account pays a 9% return with quarterly compounding. How much money do you expect to have in the brokerage accout nine years from now ( t ?9)
the expected amount of money in the brokerage account nine years from now is $123,529.41.
To calculate the amount of money expected to be in the brokerage account nine years from now (t=9), we can use the formula for future value of an annuity with quarterly compounding:
FV = Pmt x [tex][((1 + r/n)^(n*t) - 1)/(r/n)][/tex]
Where:
Pmt = the periodic payment (contribution) = $1500
r = the annual interest rate = 9%
n = the number of compounding periods per year = 4 (quarterly compounding)
t = the number of years until the future value is calculated = 9
Plugging in the values, we get:
[tex]FV = $1500 x [((1 + 0.09/4)^(4*9) - 1)/(0.09/4)][/tex]
FV = $1500 x [82.3529]
FV = $123,529.41
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Stocks A and B have the following returns in each of the states given below: Good Bad Ugly Stock A return 10% -1% -10% Stock B return 2% 0% -3% The probability of the good state is 0.4, the probability of the bad state is 0.3 and the probability of the ugly state is 0.3. What is the covariance between the returns of A and B? a. +1 b. +12.45 c. -17.01 d. 17.01
A return 10% -1% -10% Stock B return 2% 0% -3% The market probability of the good state we can use the following formula to determine asset A's expected return and covariance with market return. The correct answer is c. -17.01.
Expected return is equal to the product of (Probability of good state * Return in good state) and (Probability of bad state * Return in bad state).nReturn anticipated for asset A is equal to 10% (0.5 * 20% + 0.5 * 0%).
Covariance is calculated as follows: (Probability of good state * Return of asset A * Expected return of asset A * Expected market return) + (Probability of poor state * Return of asset A * Expected return of asset A * Expected market return).Expected market return is equal to 8% (0.5 * 16% + 0.5 * 0%). Covariance is equal to 2% and is calculated as (0.5* (20% -10%) * (169% - 8%) + (0.5* (0% - 10%) * (0% - 8%). As a result, asset A's expected return is 10% and its cOvariance with market return is 2%.
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