Financial management addresses how financial resources are obtained, allocated, and managed by a person, a business organization, or a governmental entity.
The goal of financial management is to maximize the value of the organization by making effective and efficient use of its financial resources. This involves making decisions about investments, financing, and the distribution of profits to stakeholders. Financial management plays a critical role in the long-term success of an organization and requires a strong understanding of financial markets, financial instruments, and the behavior of financial institutions.
To know more about financial management here
https://brainly.com/question/29221850
#SPJ4
Cesar is getting ready to move to campus for his freshman year of college. To get the products he needs for his dorm room, he goes to a store that sells household goods such as plastic containers, sheets, and towels. The store also sells items such as shampoo, deodorant, and toothpaste. Cesar has most likely gone to a
In preparation for his first year of college, Cesar is preparing to relocate to campus. He visits a shop that offers home furnishings like plastic containers, linens, and towels in order to purchase the things he needs for his dorm room. Additionally, toothpaste, deodorant, and shampoo are available in the store. Cesar has probably visited a Superstore.
A big-box store called a superstore combines a department store with a supermarket. As a result, a sizable retail space was created that houses a large variety of goods under one roof, including complete supermarket lines and general commodities. Theoretically, shoppers may complete all of their regular shopping needs at a hypermarket in a one trip. French commerce expert Jacques Pictet first used the term hypermarket in 1968.
Like other big-box businesses, superstore often feature business structures that priorities high volume, low profit sales. They often have more than 200,000 distinct brands of goods accessible at any given moment, covering an area of between 5,000 and 15,000 square metres. Many superstore select suburban or out-of-town locations that are easily accessible by car because to their vast footprints.
Learn more about Goods here:
https://brainly.com/question/25262030
#SPJ4
Data Byte Computer Repair has a clear hierarchy of authority and division of labor. The managers budget for anticipated changes in the market and they View teamwork as key to success. This is an example of a closed system True or False
The given statement "Data Byte Computer Repair has a clear hierarchy of authority and division of labor. The managers budget for anticipated changes in the market and they View teamwork as key to success. This is an example of a closed system" is True.
What is the system about?A closed system refers to an organizational structure that is isolated from its external environment. In such a system, there is a clear hierarchy of authority and division of labor, with decisions made at the top levels of management and little input from lower levels.
Therefore, In the case of Data Byte Computer Repair, the managers are responsible for budgeting for anticipated changes in the market, and they view teamwork as key to success. Based on these characteristics, it can be concluded that Data Byte Computer Repair operates as a closed system.
Learn more about teamwork from
https://brainly.com/question/10061787
#SPJ1
In a partnership liquidation proceeding, where a partnership converts its assets into cash and distributes the cash to creditors and partners, the partnership does which of the following?
A Gives priority to creditors on any distribution
B May hold each partner personally liable if a partner or other individual prematurely distributes cash to another partner whose capital account later shows a deficit, and the latter partner is unable to repay the premature distribution
C Is required to distribute the liquidation's proceeds to partners in a lump sum, after all assets have been sold and all creditors have been satisfied
D None of the above
In a partnership liquidation, on any distribution creditors became the priority for the first one who should be paid. The correct answer to the question above is option A. Gives Priority to creditors on any distribution.
A partnership liquidation process will involve many aspects of the company. the company needs to collect its business assets, settle its remaining debts, and distribute the remaining assets to the remaining partners.
Steps for the liquidation of the partnership process:
Sell non-cash assets into a cash Using the income ratio, the company should allocate their gain or loss on the sale of a non-cash asset to each partnersettling any liabilities of the partnershipdistribute the remaining cash to the partnersLearn more about partnership liquidation: https://brainly.com/question/28261253
#SPJ4
Economists in Funlandia, a closed economy, have collected the following information about the economy for a particular year: Y = 10,000
C = 6,000
T = 1,500
G = 1,700 The economists also estimate that the investment function is:
The equation used in this question is based on the Expenditure Approach to calculating Gross Domestic Product (GDP).
Calculate the Gross Domestic Product
I = 1000 + 0.8Y, The equation for the GDP in Funlandia for the year can be expressed as: GDP = C + I + G
GDP = 6,000 + (1,000 + 0.8 × 10,000) + 1,700, GDP = 19,700
In this case, the total expenditures are equal to total consumption (C), total investment (I), and total government spending (G).
The steps for this process are as follows
Step 1: Calculate total consumption (C):
C = 6,000
Step 2: Calculate total taxes (T):
T = 1,500
Step 3: Calculate total government spending (G):
G = 1,700
Step 4: Calculate the Investment (I):
I = 1000 + 0.8 × Y
= 1000 + 0.8 × 10,000
= 8,000
Step 5: Calculate the Gross Domestic Product (GDP):
GDP = C + I + G
= 6,000 + 8,000 + 1,700
= 19,700
According to this approach, GDP is calculated by summing up all the expenditures made by households, businesses, and the government in an economy in a given period of time.
To learn more about Gross Domestic Product refer :
https://brainly.com/question/1383956
#SPJ4
You looked into the fees of a credit union and found that it requires a $ 300 minimum balance and allows five ATM withdrawals without a feeEach ATM withdrawal beyond the allowed five costs $0.50. If you fall below the $300 minimum, there is a $5 monthly maintenance fee. This month you had a minimum balance of $300 and 15 ATM withdrawals . What did this cost you?
The Elkmont Corporation needs to raise $51.3 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. The offer price is $29 per share and the company's underwriters charge a spread of 8.5 percent. The SEC filing fee and associated administrative expenses of the offering are $1,453,000 Required: What are the required proceeds from the sale necessary for the company to pay the underwriter's spread and administrative costs?
The Elkmont Corporation needs to raise $51.3 million to raise the required money, the company will issue new shares of stock through a general cash offering the underwriter's spread and administrative costs.
The required amount is $72 million.
Underwriters fees equal 5%.
Cost of Filling = $70,000
95% of the total value is left after the underwriters' fees are subtracted. After deducting all costs, the company needs to raise exactly $72 million. As a result, this amount will be used as 95% of the total and will be grossed up to 100%.
Total amount to be raised is calculated as follows: ($72,000,000/100% - 5%) + ($700,000) = $76,489,474 Total amount to be raised is calculated as follows:
Share cost is $55
The number of shares is 1,390,718 divided by $76,489,474 ($55).
To know more about underwriter visit:
https://brainly.com/question/15575286
#SPJ4
The _____ principle reminds people that when they are deciding to spend their time, money, or anything else, they should also think about how else those resources could be used.
The opportunity cost principle serves as a reminder to people that they should consider all of their options before spending their time, money, or other resources.
How does the notion of opportunity cost operate?Opportunity cost is a concept from economics that refers to the values or benefits that a firm, business owners, or organizations forfeit when they select one alternative or an alternate option over another option when making business decisions.
When choosing to spend money, do people only consider opportunity cost?When making decisions, many businesses and individuals take opportunity costs into account. Businesses will take opportunity cost into consideration when determining how much to produce, how to use their time, and how to distribute their funds.
Learn more about opportunity cost principle: https://brainly.com/question/23403543
#SPJ4
________usually dictate what is right or wrong, acceptable or unacceptable.A)ConceptsB)TheoriesC)NormsD)Strategies
C) Norms usually dictate what is right or wrong, acceptable or unacceptable.
Norms are informal, unwritten rules and expectations that govern social behavior within a particular society, culture, or group. They provide a sense of stability and order, and they dictate what is considered appropriate or inappropriate behavior. For example, in many cultures, it is a norm to stand in line and wait your turn, to shake hands when meeting someone for the first time, or to say "please" and "thank you" when making a request or expressing gratitude. Violating norms can result in social consequences, such as disapproval, criticism, or exclusion from certain social activities. On the other hand, following norms is often rewarded with social approval, acceptance, and a sense of belonging. Norms can change over time, as societal values and beliefs evolve. For instance, attitudes towards same-sex relationships and marriage have undergone significant changes in many countries in recent decades. In summary, norms play a crucial role in shaping behavior and maintaining social order. They dictate what is right or wrong, acceptable or unacceptable, and they help to ensure that people are able to interact with each other in a predictable and harmonious way.
To know more about norms:
https://brainly.com/question/20972604
#SPJ4
Starfax, Inc., manufactures a small part that is widely used in various electronic products such as home computers. Operating results for the first three years of activity were as follows (absorption costing basis): Year 1 Year 2 Year 3 Sales $800,000 $640,000 $800,000 Cost of goods sold 580,000 400,000 620,000 Gross margin 220,000 240,000 180,000 Selling and administrative expenses 190,000 180,000 190,000 Net operating income (loss) $30,000 $60,000 $(10,000) In the latter part of Year 2, a competitor went out of business and in the process dumped a large number of units on the market. As a result, Starfax’s sales dropped by 20% during Year 2 even though production increased during the year. Management had expected sales to remain constant at 50,000 units; the increased production was designed to provide the company with a buffer of protection against unexpected spurts in demand. By the start of Year 3, management could see that inventory was excessive and that spurts in demand were unlikely. To reduce the excessive inventories, Starfax cut back production during Year 3, as shown below: Year 1 Year 2 Year 3 Production in units 50,000 60,000 40,000 Sales in units 50,000 40,000 50,000 Additional information about the company follows: a. The company's plant is highly automated. Variable manufacturing costs (direct materials, direct labor, and variable manufacturing overhead) total only $2 per unit, and fixed manufacturing overhead costs total 480,000 per year. b. Fixed manufacturing overhead costs are applied to units of product on the basis of each year's production. That is, a new fixed manufacturing overhead rate is computed each year. c. Variable selling and administrative expenses were $1 per unit sold in each year. Fixed selling and administrative expenses totaled $140,000 per year. d. The company uses a FIFO inventory flow assumption. Starfax’s management can't understand why profits doubled during Year 2 when sales drop
Explanation:
started business with cash 200000 and furnitur 500000
Started business with cash of 200000 and furniture of 500000.
An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. For-profit businesses operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.
Business refers to the activity of creating, purchasing, and reselling goods to support oneself financially. Additionally, it includes "any activity or enterprise undertaken for profit."
The sole proprietorship, partnership, corporation, and S corporation are the four most popular business structures. State law permits the use of the Limited Liability Corporation (LLC) as a corporate form. The choice of a firm structure takes into account legal and tax factors.
Learn more about the Business here:
https://brainly.com/question/15826771
#SPJ2
a piano manufacturer, wants to keep track of all the pianos it makes individually. each piano has an identifying serial number and a manufacturing completion date. each instrument represents exactly one piano model, all of which have an identification number and a name. in addition, the company wants to maintain information about the designer of the model. over time, the company often manufactures thousands of pianos of a certain model, and the model design is specified before any single piano exists.
It is a situation that would benefit from a database management system.a DBMS would provide the manufacturer with a powerful tool for managing the vast amount of information about its pianos, enabling it to make informed decisions and respond quickly to changing conditions.
A database management system (DBMS) is a software program that enables the creation, maintenance, and use of a database. In this scenario, the manufacturer could use a DBMS to store information about the pianos it produces. This information could include the piano's serial number, manufacturing completion date, model identification number, model name, and designer.
The DBMS would allow the manufacturer to easily store, retrieve, and manipulate this information.
For example, the company could search for all pianos of a particular model or designed by a specific designer. The DBMS would also ensure that the data is organized and consistent, reducing the risk of errors and making it easier to analyze the information. Additionally, the DBMS could be used to track changes over time, such as updates to the model information or the addition of new pianos.
"Ebony and Ivory, a piano manufacturer, wants to keep track of all the pianos it makes individually. Each piano has an identifying serial number and a manufacturing completion date. Each Instrument represents exactly one piano model, all of which have an identification number and a name. In addition, the company wants to maintain information about the designer of the model. Over time, the model, and the model design is specified before any single piano exists. Ebony and Ivory employs piano technicians who are responsible for inspecting the instruments before they are shipped to the customers. Each piano is inspected by at least two technicians (identified by their employee number). For each separate inspection, the company needs to record its date and a quality evaluation grade. The Piano technicians have a hierarchy of reporting relationships: some of them have supervisory responsibilities in addition to their inspection role and have multiple other technicians report to them. The supervisors themselves report to the chief technician of the company."
Overall, a DBMS would provide the manufacturer with a powerful tool for managing the vast amount of information about its pianos.
To know more about DBMS here
https://brainly.com/question/28813705
#SPJ4
Identify websites that feature a job board to assist designers in procuring their next job or project. Select all that apply. - Behance - LinkedIn - Dribbble
All three websites listed - A: Behance, B: LinkedIn, and C: Dribbble - feature job boards that assist designers in procuring their next job or project.
A job boards is a platform where employers can advertise job vacancies and job seekers can search and apply for job opportunities. It meant that a job board is a website used by people to advertise their job vacancies to job seekers individuals.
In the context of the given question, all three given websites such as Behance, LinkedIn, and Dribbble are job-boards that post jobs.
You can learn more about job-board at
https://brainly.com/question/15535525
#SPJ4
one approach to pollution control is incentive-based regulation. in this tactic: group of answer choices industries adopting specific pollution control methods recommended by the government will get reimbursed by the government for the cost of that pollution control device. industries are encouraged to emit an amount of pollution that is economically most desirable for that company pollution control laws establish emission targets and industries are provided enticements to reduce emissions pollution control laws establish emission requirements with which industries must comply or be forced out of business
The industries adopting specific pollution control methods recommended by the government will get reimbursed by the government for the cost of that pollution control device, is an approach to pollution control as a part of an incentive-based regulation. Therefore, the option A holds true.
The methods and techniques of pollution control are extremely essential to maintain the levels of pollution so that there is the least amount of environmental harm to the society. Providing subsidies and reimbursements are the ways in which the governments incentivize the organizations following pollution control.
Learn more about pollution control here:
https://brainly.com/question/29411279
#SPJ4
Interactions between financial market participants Financial markets facilitate the transfer of excess funds from those who have them to those who need them. In the following table, determine whether each financial market participant is a surplus unit or deficit unit. Financial Market Participant Surplus Unit Deficit Unit An angel investor O O A firm that issues debt securities to expand operations O O A household that saves money each month O O The typical college student O O Suppose Green Network Energy needs to raise money to finance its new manufacturing facility, but their CFO does not want to part with any of the firm's equity. In this case, Green Network Energy would likely issue securities to obtain the funding. Which of the following are ways that Green Network Energy could obtain funds to finance the expansion of its operations, given its stated preference in the previous question? Check all that apply. Issue corporate bonds O Issue common stocks Issue commercial paper Issue preferred stocks
The ways that Green Network Energy could obtain funds to finance the expansion of its operations:
Issue common stocksIssue preferred stocksIssue corporate bondsIssue commercial paperWhat Is Expansion Financing?Expansion finance may be defined as money used for either internal or external ways to increase a company's assets. Adding additional items or acquiring a wider clientele are two examples of expansion. Large-scale actions like mergers and acquisitions can also be included.
The business cycle stage known as expansion occurs when the real gross domestic product (GDP) increases for two or more consecutive quarters, going from a low point to a high point. Expansion, which is often known as an economic recovery, is frequently followed by an increase in employment, consumer confidence, and equities markets.
Learn more about Expansion Financing, here:
https://brainly.com/question/14703616
#SPJ1
Suppose you are committed to owning a 210000 ferrari if you believe your mutual fund can achieve an annual rate of return of 13% and you want to buy the car in 12 years on the day you turn 30, how much must you invest today
If you believe your mutual fund can achieve an annual rate of return of 13% and you want to buy the car in 12 years on the day you turn 30, $59,871.25 must you invest today.
Financial assets, bond funds, individual stocks, and targeted date funds are the four primary categories into which most mutual funds fit. Each variety has unique characteristics, dangers, and benefits.
A mutual fund is a collection of funds that are professionally managed by a fund manager. A trust that invests money in stocks, bonds, money market instruments, and/or other securities after collecting funds from a number of participants who have similar investing goals.
A shared collection of assets known as a mutual fund invests in stocks, bonds, and other securities. If you purchase a mutual fund and meet the minimum acquire, you will receive a more balanced holding than if you bought an individual security.
Learn more about the mutual funds here:
https://brainly.com/question/13247161
#SPJ4
users of accounting information can be divided into two main groups. these groups include: multiple choice question. production managers and purchasing managers customers and regulators internal and external lenders and shareholders
Users of accounting information can be divided into two main groups external lenders and shareholders which is option d.
What Does the Term Shareholder Mean?Anyone who holds at least one share of a company's stock or unit in a mutual fund is referred to as a shareholder. The firm is primarily owned by its shareholders, who also have specific rights and obligations. With this ownership structure, they can benefit from a company's success.
How do shareholders and stockholders differ?To go deeper into the concepts, the phrase "stockholder" actually refers to the owner of stock, which is akin to inventory, as opposed to shares. In contrast, "shareholder" refers to the person who owns shares, which can only refer to equity shares in a company.
To know more about Shareholders visit:
https://brainly.com/question/29803660
#SPJ1
Very often the actions of businesses to make profits result in outcomes that harm the environment. Many scholars recognize the importance of sustainable development, which is an economic development that
Multiple Choice
meets future needs without compromising present needs.
always generates greater profitability.
meets present needs without compromising the ability of future generations to meet their needs.
is the goal of most corporations.
Very often the actions of businesses to make profits result in outcomes that harm the environment. Many scholars recognize the importance of sustainable development, which is an economic development that:C. meets present needs without compromising the ability of future.
What is Sustainable development?Sustainable development can be defined as the development that help to meets the needs and want of people or the goals of people.
Sustainable development help to do the following:
It seeks to balance economic growthIt seeks social well-beingIt seeks environmental protection etcTherefore the correct option is C.
Learn more about Sustainable development here:https://brainly.com/question/12592934
#SPJ1
During the course of a​ year, the labor force consists of the same 925 people. Of​ these, 22 lack skills that employers desire and hence remain unemployed throughout the year. At the same​ time, every month during the​ year, 35 different people become​unemployed, and 35 other different people who were unemployed find jobs. There is no cyclical unemployment.
a.)Calculate thr frictional unemployment rate _____% (rounded to two decimal places)
b.) Calculate the unemployment rate ______% (rounded to two decimal places)
c) Suppose that a system of unemployment compensation is established each month, 35 new people (not including the 22 that lack required skills) continue to become unemployed, but each monthly group of newly unemployed now takes two months to find a job. Calculate the frictional unemployment rate after this change _____% (rounded to two decimal places)
d.) After the chang in part (c), calculate the unemployment rate _______% (rounded to two decimal places)
a) The frictional unemployment rate is (35 + 35)/925, which is 70/925, which is 0.0758, or 7.58%. (rounded to two decimal places). b) The unemployment rate is (22 + 35)/925, which equals 57/925.
When someone is actively looking for job but is unable to find it, they are said to be unemployed. The percentage of the labour force that is now unemployed but actively looking for work is used to compute the unemployment rate in an economy. Numerous factors can lead to unemployment, including cyclical unemployment, structural unemployment, and frictional unemployment. Frictional unemployment refers to temporary unemployment brought on by the time it takes for job seekers to locate new positions (unemployment that occurs during an economic recession). Since high unemployment rates can result in lower consumer spending and slower economic growth, they have a substantial impact on both individuals and the economy as a whole.
Learn more about Unemployment here:
https://brainly.com/question/13527268
#SPJ4
Which of the following are ways that Proton Lighting could obtain funds to finance the expansion of its operations, given its stated preference in the previous question? a.Issue common stocks
b.Issue preferred stocks
c.Issue commercial paper
d.Issue corporate bonds
Proton Lighting could receive money in any of the techniques mentioned above to finance the growth of its business.
Which are the ways that Proton Lighting could obtain funds to finance the expansion of its operations?
1. Bank Loan: Proton Lighting can apply for a loan from a bank, which will allow it to borrow money in exchange for a promise to pay back the loan with interest.
2. Equity Financing: Proton Lighting could issue shares of its company in exchange for investment capital.
3. Venture Capital: Proton Lighting could seek out venture capital firms to provide financing in exchange for a stake in the company.
4. Government Grants: Proton Lighting could also look into applying for grants from the government, which provide money for businesses that meet certain criteria.
5. Angel Investors: Proton Lighting could also look for individuals who are willing to invest in the company in exchange for a stake in the company.
6. Crowdfunding: Proton Lighting could also use crowdfunding platforms to raise money from a large pool of investors, with each investor contributing a small amount.
7. Business Loans: Proton Lighting could also apply for loans from businesses, which provide financing in exchange for a stake in the company.
8. Private Equity: Proton Lighting could also seek out private equity firms to provide financing in exchange for a stake in the company.
To learn more about Proton Lighting refer :
https://brainly.com/question/30311159
#SPJ4
Ben is very mad at his supervisor because of pay cuts. Ben plots to damage some equipment so his company will have to pay him overtime compensation to repair it. In which of these situations could Ben be found guilty? Choose 2 answer choices.
A. Ben has the sufficient mens rea and actus reus at the plotting stage to be convicted of the crime.
B. Ben has a change of heart and decides not to damage the equipment.
C. Ben carries out his plan, but there are no witnesses.
D. Ben walks over to the equipment holding a heavy sledgehammer he brought from home, but at the last minute, decides against hitting the equipment. Instead, he trips and falls, slamming the sledgehammer into a crucial part of the equipment, which ruins the machine.
A. Ben has the sufficient mens rea and actus reus at the plotting stage to be convicted of the crime.
D. Ben walked over to the equipment holding a heavy sledgehammer he brought from home, but ultimately decided against using it.
In regards to A, Ben has the necessary mental and physical elements to be convicted of a crime regarding A.
His mental intent to commit a crime, called mens rea, is established by his plotting to damage the equipment. Meanwhile, his physical element of the crime, actus reus, is present as he is planning to physically damage the equipment. Therefore, Ben has the sufficient elements to be held liable for the crime.
In regards to D, Ben had a sledgehammer that he brought from home and was intending to use it to damage the equipment. However, at the last minute, he changed his mind and instead tripped and fell, causing the sledgehammer to strike a crucial part of the equipment and ruining the machine.
Despite Ben's change of heart, he is still responsible for the damage he caused since he was in possession of the sledgehammer and in the vicinity of the equipment with the intention of damaging it.
To learn more about equipment visit:
https://brainly.com/question/22256755
#SPJ4
Corporate bonds have higher yields than T-bonds because of higher credit and liquidity risks?
a. True
b. False
Suppose countries Alphania and Betania produce electronics and apparel using identical resources. Which of the following is true if Alphania exports electronics to and imports apparel from Betania within a free-trade system ?A. The opportunity cost of producing electronics is higher in Alphania than in Betania.B. Betania has a comparative advantage in producing apparel, and Alphania has a comparative advantage in producing electronics.C. Alphania must be specializing in apparel, while Betania is specializing in electronics.D. Workers in Alphania can produce more apparel per hour than workers in Betania.E. Consumers in Betania buy more electronics than consumers in Alphania.
Betania has a comparative advantage in producing apparel, & alphania has a competitive advantage in producing electronics.
What is comparative advantage?A country has a comparative advantage if it can produce a good or service for a lower opportunity cost than other nations.
Opportunity cost quantifies a trade-off. A country with a comparative advantage will find the trade-off to be worthwhile. This means that the advantages of purchasing its good or service outweigh the drawbacks. Even though the nation may not be the best at producing a certain good or service, other nations can import it for a relatively low opportunity cost.
David Ricardo was the creator of this economic theory. Although it was initially used in international trade, it can be used at any level of business.
learn more about comparative advantage
https://brainly.com/question/14668211
#SPJ4
if an employee is not sure about a question a customer asks about an allergen, the employee should .
The employee should let the customer know that they are not sure about the answer to their question, and then offer to check with a manager or supervisor for more information.
What should you do if a customer ask about allergens?
If a customer is asking about allergens, it is important to provide accurate and honest information. The best way to do this is to provide the customer with a comprehensive list of ingredients, including any allergens, that are included in the product they are asking about. Additionally, it is important to make sure that the list is up to date and that any changes to the ingredients are noted. If there are any questions about the ingredients, it is important to provide detailed answers to those questions, including any warnings or precautions that should be taken.
Finally, it is important to inform the customer of any potential cross contamination that may occur in the preparation of the product.
To learn more about employees instructions refer :
https://brainly.com/question/27404382
#SPJ4
a. Suppose we have a three year fixed-payment loan with $300 payments made at the end of each year. Given a market interest rate of 6 percent, how much was initially borrowed?
The amount that has been initially borrowed is $802, having an annuity payment of $300 at the end of each year and a market interest rate of 6%.
What is annuity?An annuity is a series of payments made at regular intervals in the financial world. Regular savings account deposits, monthly home mortgage payments, monthly insurance payments, and pension payments are all examples of annuities. The frequency of payment dates distinguishes annuities.
The formula for calculating the present value of an annuity which is actually the sum borrowed is :
V= A/i {1-(1+i)^-n} , where,
A= fixed payment of annuity,
i= market rate of interest, and
n = number of years
V= 300/0.06{1-(1+0.06)^-3}
= 300/0.06{1-0.8396}
= 300/0.06 × 0.1604
= $802
Therefore, $802 was initially borrowed.
To learn more about annuity, click here:
https://brainly.com/question/23554766
#SPJ1
PC.61 Rider is a midsize manufacturing company that produces high-end customizable motorcycles. Last year they rolled out 180 bikes using the following inputs: 22400 hours of labor, 1200 square feet of various sheet metal, 360 tires, 460 gallons of paint, and 19995880 kW of energy.
Inputs Amount Cost
Labor hours 22400 $26.50
Sheet Metal (square feet) 1200 $2.18
Tires 360 $63.00
Paint (gallons) 460 $16.00
Energy (kWs) 19995880 $0.09
Assume the following price and cost information:
average sales price: $66000/bike, labor costs: $26.50/hour, sheet metal costs: $2.18/square foot, tire costs: $63.00/tire, paint costs: $16.00/gallon, and energy costs: $0.09/kW.
1. What was last year's single-factor productivity for Rider in terms of labor hours (not dollars)?
(Round your answer to four decimal places.)
2. What was last year's single-factor productivity for Rider in terms of sheet metal (square feet)?
(Round your answer to four decimal places.)
3. What was last year's single-factor productivity for Rider in terms of paint (gallons)?
(Round your answer to four decimal places.)
4. What was last year's multi-factor productivity for Rider in terms of dollars?
$ (Round your answer to two decimal places.)
The productivity of PC.61 Rider in terms of labor hours was 0.0080, in terms of sheet metal was 0.15, in terms of paint was 0.3913, and in terms of dollars was 18.13.
Productivity refers to the measure of efficiency in terms of output produced per unit of input used.
Labor hours productivity: To find the productivity in terms of labor hours, we divide the number of motorcycles produced by the number of labor hours used.
Productivity (labor hours) = Number of motorcycles produced / Number of labor hours used
Productivity (labor hours) = 180 / 22400
Productivity (labor hours) = 0.0080
This means that for every hour of labor used, 0.0080 motorcycles were produced.
Sheet metal productivity: To find the productivity in terms of sheet metal, we divide the number of motorcycles produced by the amount of sheet metal used.
Productivity (sheet metal) = Number of motorcycles produced / Amount of sheet metal used
Productivity (sheet metal) = 180 / 1200
Productivity (sheet metal) = 0.15
This means that for every square foot of sheet metal used, 0.15 motorcycles were produced.
Paint productivity: To find the productivity in terms of paint, we divide the number of motorcycles produced by the amount of paint used.
Productivity (paint) = Number of motorcycles produced / Amount of paint used
Productivity (paint) = 180 / 460
Productivity (paint) = 0.3913
This means that for every gallon of paint used, 0.3913 motorcycles were produced.
Multi-factor productivity (dollars): To find the multi-factor productivity in terms of dollars, we divide the total sales revenue by the total costs associated with all inputs.
Productivity (dollars) = Total sales revenue / Total costs of inputs
Productivity (dollars) = (180 * $66000) / (22400 * $26.50 + 1200 * $2.18 + 360 * $63.00 + 460 * $16.00 + 19995880 * $0.09)
Productivity (dollars) = $11,788,000 / $651,591.70
Productivity (dollars) = 18.13
This means that for every dollar spent on inputs, $18.13 worth of motorcycles were produced.
To know more about productivity here.
https://brainly.com/question/22852400
#SPJ4
Which of the following conventions can be used to include or assign host assets to a job? (choose 2) (Select all that apply)
(A) Asset Name
(B) Asset Group
(C) Business Unit
(D) Asset Tag
Asset name and asset tag of the following conventions can be used to include or assign host assets to a job. Thus, option (a) and (d) is correct.
What is job?
The term “job” refers to being employed by a particular company. The job creates an opportunity to build a career. A job provides financial support and allows you to gain experience. There are producers, builders, thinkers, and improvers.
According to the assets to a job are:
Asset name is an is just a human readable name is the easily acknowledged by consumers. Asset Tag is a unique numeric identifier is the affixing tags or labels to assets are the easy to searchable.As a result, the significance of the job are the aforementioned. Therefore, option (a) and (d) is correct.
Learn more about on job, here;
https://brainly.com/question/17205577
#SPJ1
An economic model is developed from a set of assumptions about consumer behavior and predicts that people will buy less of a good the higher the price of the good. Empirical testing of this model would involve
A. asking a lot of people if they think the model is correct.
B. the collection of data to evaluate the usefulness of the model.
C. checking the assumptions carefully to make sure that they realistically depict human behavior.
D. carefully tracing all steps from the assumptions to the implication to make sure there have been no errors in logic.
An economic model is developed from a set of assumptions about consumer behavior and predicts that people will buy less of a good the higher the price of the good. Empirical testing of this model would involve the collection of data to evaluate the usefulness of the model.
What is economic?The term economic refers to the process of production, distribution, and consumption activities. The main components of economies are products and services. The primary sector of the economy is the industrial sector. The family (consumption) and company (product sales) are both parts of the economy.
According to the economist, as the economic model was the collection of the data to the analysis of the market assumption. It was to predict the consumer behavior of the purchase of the high commodities and the less consumption.
As a result, the significance of the economic are the aforementioned. Therefore, option (b) is correct.
Learn more about on economic, here:
brainly.com/question/14787713
#SPJ1
Which of the statement(s) below define(s) an asset? (Check all that apply.) O An owner's claim O A creditor's claim O A resource owned O Resources with future benefits O Resources controlled by the business
The definitions of an asset include resources that are owned, resources that have potential advantages, and resources that the firm controls.
What exactly is an asset, according to IASB?According to the current IASB Framework, an asset is a resource that a corporation has access to as a result of past events and from which it anticipates gaining future financial benefits.
An asset is a valuable economic resource that is owned or controlled by a person, business, or government and is held with the hope that it may one day be useful. The assets of a company are listed on its balance sheet. They are developed or acquired in order to increase a business's value or improve its operations.
Learn more about economic resource: https://brainly.com/question/1503203
#SPJ1
Select the four principles that underlie the strategic marketing process.
Organizational resources are limited.
Customers are different.
Customers change.
Competitors change and react.
All of the options are the principles that make the strategic marketing process.
What is the strategic marketing process?The strategic marketing process involves 7 steps:
Conducting a market analysisDefining target audienceSetting marketing goalsDeveloping marketing strategiesSelecting tacticsImplementing marketing plansEvaluating and adjusting plans as needed.The process is ongoing, with regular evaluations of success and adjustments made to meet changing market conditions and reach goals.Read more on the marketing process here:https://brainly.com/question/25754149
#SPJ1
select all that apply the definition of revenues includes which of the following statements? (check all that apply.) multiple select question. revenues increase equity. revenues are the sales of products or services to customers by a business. revenues are creditor's claims against the company. revenues are resources owned or controlled by a company.
Revenues are the sales of products or services customers by a business.
What is it equity?The word "equity" is used to allude to fairness and equality and is different from the word "equality" in that equity acknowledges that we not all start with the same position and that inequities must be acknowledged and corrected.
How do resources work?A resource is an item or service that is utilized in economics to produce commodities and services that cater to the needs and desires of people. The definition of economics itself is the examination of how civilization manages and distributes its limited resources.
To know more about civilization visit:
https://brainly.com/question/6242921
#SPJ4
the economy of vsa produces three goods, apples, bananas and red tapes. the quantities and prices of 2019 and 2020 are listed in the following table. a typical consumer in vsa consumes apples and bananas, but she does not consume red tapes. if 2019 is chosen as the base year, the cpi inflation from 2019 to 2020 is 2019 2020 quantity price quantity price apples 5 $10 4 $12 bananas 2 $5 5 $10 red tapes 1 $1 2 $2
In 2019, the VSA economy produced 5 units of apples at a price of $10 each, 2 units of bananas at a price of $5 each, and 1 unit of red tapes at a price of $1.
In 2020, the VSA economy produced 4 units of apples at a price of $12 each, 5 units of bananas at a price of $10 each, and 2 units of red tapes at a price of $2.
Given that the consumer does not consume red tapes, the CPI inflation from 2019 to 2020 can be calculated by taking the weighted average of the price changes for apples and bananas. In this case, the CPI inflation from 2019 to 2020 is calculated as follows:
CPI Inflation = (4/7)(12-10) + (3/7)(10-5) = 4.8571%.Learn more the VSA economy :
https://brainly.com/question/1311866
#SPJ4
