Suzy's Leather Goods creates leather products that are supplied to businesses who turn them into wallets and purses, but their output is not counted in the GDP.
What is GDP?
The gross domestic product (GDP) is the total monetary or market value of all completed products produced within a country's borders over a specific time period (GDP). It provides a comprehensive evaluation of the status of the economy in a given country because it is a broad indicator of total domestic production.
Even while GDP estimates are often made on an annual basis, it can also be computed quarterly. For instance, both for the calendar year and each fiscal quarter, the US government estimates the annualized GDP. The information in this report is all given in real terms, which means that each piece of information has been adjusted for price fluctuations and is therefore net of inflation.
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which aspects of job satisfaction do the workers seem most dissatisfied with? think of the nine common job satisfaction facets to identify the source(s) of low job satisfaction (table 9.1 on page 217 in your book).
Some of the areas of job satisfaction that employees appear to be least satisfied with include low pay, an unsupportive or unreliable employer, and little room for career advancement.
What is job satisfaction?A worker's level of contentment with their job, including whether they enjoy all aspects of it or just certain parts, such as the nature of the work or the supervision, is measured by their job satisfaction, employee satisfaction, or work satisfaction.
Cognitive (or evaluative), affective (or emotional), and planned behavior can all be used to quantify job satisfaction. The extent to which job satisfaction reflects the job's feelings (affective job satisfaction) or thoughts about the job varies, according to researchers (cognitive job satisfaction).
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A clothes manufacturer has 10 yards of cotton material, 10 yards of wool material, and 6 yards of silk material. a pair of slacks requires 1 yard of cotton, 2 yards of wool, and 1 yard of silk. a skirt requires 2 yards of cotton, 1 yard of wool, and 1 yard of silk. the net profit on a pair of slacks is $3 and the net profit on a pair of skirt is $4. how many skirts and how many slacks should be made to maximize profit?
The skirts and slacks that should be made to maximize profit is 2 and 4 slacks respectively.
How to illustrate the information?From the information, the clothes manufacturer has 10 yards of cotton material, 10 yards of wool material, and 6 yards of silk material.
Let x = number of slacks
Let y = number of skirts.
Therefore, based on the information, the equation van be illustrated as:
x + 2y ≤ 10
x + y ≤ 6
This is subject to f = 3x + 4y
Solving this will give x as 4 and y as 2.
The number of skirts is 2 and slack is 4.
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When a company owner practices price discrimination, the marginal revenue of an extra unit sold.
The marginal cost is equal to the price of the product when a business owner implements price discrimination because the marginal revenue curve and the market demand curve are aligned.
What is marginal revenue, exactly?Marginal revenue is the additional income generated by selling one more unit of output. Although marginal revenue can remain constant at a given level of output, the law of diminishing returns eventually causes it to start declining as output level increases.
Are marginal profit and marginal revenue the same thing?Marginal refers to the additional cost or profit incurred when producing the next item. Marginal product is the additional revenue, whereas marginal cost is the additional cost for manufacturing one additional unit.
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A high school choir is holding a fundraiser for its spring contest trip. The amount each student needs to raise varies as the number of students who participate in the fundraiser. If 50 students participate in the fundraiser, each student needs to raise $275. Use this information to complete the statements. This proportional situation represents variation. The constant of variation, k, is equal to. If all 100 students in choir participate in the fundraiser, each will need to raise.
This proportional situation represents inverse variation. The constant of variation, k, is equal to $13,750. If all 100 students in the choir participate in the fundraiser, each will need to raise $137.5.
1. Inverse variation is represented by the proportional situation.
This is due to the fact that, regardless of the number of pupils, the total amount they want to raise is the same. In mathematics, inverse variation refers to the relationships between variables expressed as y = k/x, where x and y are two variables and k is a constant. If the value of one item rises, the value of the other quantity falls. A variable is said to be inversely changing when compared to another variable. It illustrates how two quantities are inversely related to one another. As a result, one variable has an inverse relationship to another.
2. The variational constant K has a value of $13,750.
K = SA k = 50 * 275
K=$13,750
3. Every one of the choir's 100 pupils would need to contribute $137.5 if they all participated in the fundraising.
K = SA
A = K/S
A = 13750/100
A = $137.5
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the marginal benefit minus the marginal cost equals: the efficiency balance. the consumer surplus minus the producer surplus. the economic surplus. the consumer surplus.
The marginal benefit minus the marginal cost equals the consumer surplus minus the producer surplus. The most a consumer will spend on one additional commodity or service is known as the marginal benefit. The marginal benefit typically declines with consumption.
The marginal cost of production is the price difference for producing one additional good or one unit of service. When a consumer consumes too much of a certain unit and the additional unit of the product has negative effects, there is a negative marginal surplus. For instance, becoming ill after eating the fifth slice of a sweet dessert. The utility or enjoyment that the consumer derives from consumption typically decreases as more units are consumed.
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Anita, a manager at a department store, needs to determine whether one of her employees is exempt or nonexempt under the Fair Labor Standards Act. Which of the following would be the best resource for Anita?A) organizational chartB) performance appraisalC) business planD) job description
The best resource for Anita in order to determine whether one of her employees is exempt or nonexempt under the Fair Labor Standards Act will be D) job description.
A job description can be described as an elaboration of the work a candidate will be doing if he is hired for a particular job. A job description also mentions the candidates that are eligible to apply for a job. A job description might also describe candidates who are exempted to apply for a job role.
In the scenario mentioned in the question, as Anita has to check whether employees are exempted or non-exempted to apply for a job under the Fair Labor Standards Act hence her best source should be the job description.
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assume that the market for a good is characterized by a downward-sloping demand curve and an upward-sloping supply curve and the market is in equilibrium at a price of $20 and a quantity of 100 units. after the government imposes a $5 per-unit excise tax on the good, the price that buyers pay for the good increases by $3. which of the following are possible values for the government tax revenue and deadweight loss in the market?
As per the given downward sloping, the government tax revenue and deadweight loss in the market is less than $500.
Downward sloping:
Downward sloping refers the demand curve means that as price decreases, demand will increase.
Given,
Here we need to find the the government tax revenue and deadweight loss in the market.
Here we have to solve this one through the process of elimination.
And we can rule out Options A and B because there is always a deadweight loss unless either demand or supply is perfectly inelastic.
WE know that if demand were perfectly inelastic, the buyer price would have increased by the amount of the tax and if supply were perfectly inelastic, the buyer price would not have increased at all.
Here the buyer price increased by $3 , we know that neither supply nor demand is perfectly inelastic, which rules out Options "A" and "B" . We can also rule out Options "D" and "E" .
Here the tax collected by the government could only be $500 if the equilibrium quantity did not change after the tax was implemented.
In this case in which the equilibrium quantity would not change after the tax is implemented is if either demand or supply is perfectly inelastic. Where as neither demand nor supply is perfectly inelastic.
So, the government revenue must increase by something less than $500. Therefore, the only option in which there is some deadweight loss and the tax revenue collected by the government is less than $500 is Option "C".
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Jethro Company, an accrual basis taxpayer, had a $10,000 overdue account payable to a major supplier. The supplier agreed to settle the account for $9,000 cash from Jethro. Which of the following statements is true?
Jethro recognizes $1,000 income because of the settlement.
The following statement is true Jethro recognizes $1,000 in income because of the settlement.
Jethro, also called Reuel or Hobab in the Old Testament, was a Midianite priest of the Kenite tribe who, after killing an Egyptian, sought refuge with Moses and married his daughter Moses (Exodus 3:1). After the Exodus, Jethro visited the Hebrews who were encamped on the "Mountain of God" and brought Moses' wife and her sons.
Jethro said to Moses, ``Choose out of all the people those who are capable, those who fear God, are worthy of trust, and hate unjust profit, and instruct them to appoint them as officials. .. They shall always serve as judges of the people” (vs. 21-22) In other words, Jethro advised Moses to the commission.
Jethro will come to Moses, bring Moses' wives and sons, and offer sacrifices to the Lord - Moses will sit in the courtroom and hear all the cases - Jethro to Moses teaches the law, appoints junior judges, and advises them on their powers.
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variable costs per unit: manufacturing: direct materials $ 24 direct labor $ 14 variable manufacturing overhead $ 2 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 800,000 fixed selling and administrative expense $ 496,000
The gross margin amounts is $304, 000
Margin:
Margin refers the current level of consumption or production of a good or service.
Given,
variable costs per unit: manufacturing:
direct materials $ 24
direct labor $ 14
variable manufacturing overhead $ 2
variable selling and administrative $ 4
fixed costs per year:
fixed manufacturing overhead $ 800,000
fixed selling and administrative expense $ 496,000
Here we need to find the gross margin amounts of the unit.
In order to calculate the gross margin amounts we have to subtract the manufacturing cost by the selling cost, then we get,
=> $800,000 - $496,000
=> $304,000
Therefore, the gross margin amounts of the units is $304,00.
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read each action red bull takes to communicate with its customers, then match the communication activity to the correct step in the communication process.
Brand loyalty, behavioral sequence modeling, and positioning with knowledge of the brand and product are the primary communication goals of the Red Bull company.
How does Red Bull interact with its audience?"Red Bull's content core revolves around the intersection of their audience's interest in extreme sports, festivals, and a fast-paced lifestyle, with their product's ability to keep people awake and provide them energy during those events," according to the company. They emphasize nightlife, music, dance, extreme sports, and many other topics.The four main components of a marketing strategy are product, pricing, place, and promotion, and together they make up the marketing mix, commonly referred to as the four P's of marketing.Brand loyalty, behavioral sequence modeling, and positioning with knowledge of the brand and product are the primary communication goals of the Red Bull company.To learn more about Communication goals refer to:
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analytical queuing models are classified mainly on the basis of the calling population characteristics and the queue discipline. True or False
False, analytical queuing models are not classified mainly on the basis of the calling population characteristics and the queue discipline.
A subfield of mathematics known as queuing theory investigates the formation, operation, and causes of queues. The arrival process, service process, number of servers, number of system locations, and the number of customers—who may be humans, data packets, cars, or anything else—are all aspects of queueing theory that are examined.
Queuing theory is used in a variety of real-world businesses. Its results may be used to call centers and data networks to speed up customer service, improve traffic flow, enhance order shipping from warehouses, and more.
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DFA techniques can help quantify which of the following?
The best location and method for assembly
Tolerance needed for assembly
Assembly time
Ease of assembly
Manufacturing cost
The skills required for assembly
DFA technique quantifies the Assembly time and Manufacturing cost.
DFA:
DFA refers a set of practices and principles that seek to tailor the conceptual and design phases of product development to the given manufacturing method and in such a way that ensures the ease and cost-effectiveness of production
Given,
Here we need to find the DFA technique that helps to quantifies which of the options.
As per the definition of DFA technique, DFA alias Design for assembly (DFA) is a process by which products are designed with ease of assembly in mind.
So, if a product contains fewer parts it will take less time to assemble, thereby reducing assembly costs.
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cost allocated to each division if the manager uses the incremental method: case i: assumed that carpet is primary user. case ii:assumed that tile is primary user. case iii:assumed that vinyl is primary user. .
Incremental method , is used by manger for cost allocation the primary user play a vital role.
The primary user is tile in this case and other comes in additional Units not primary.
The term incremental method refers to the approach used to attribute bulk sales to one or more security classes. If the market value of a security is unknown, the Incremental method must first allocate the sale proceeds to securities of known market value. The rest will be allocated to securities of unknown value.
Incremental cost is the total cost of producing additional units of the product. Incremental costs are calculated by adding additional costs associated with the production process, such as: B. Raw materials are analyzed for additional production units. Understanding incremental costs can help companies improve production efficiency and profitability.
Additional Cost Allocation: The basic method of allocating additional costs is to assign primary users and additional or incremental users of the total cost.
Looking at the example above, the main user is product 'X', which is already manufactured in the factory and uses machinery and equipment. The new product added an additional cost to define 'X' as the primary user and 'Y' as the incremental user.
To determine the additional cost, calculate the difference between the cost of producing one unit and the cost of producing two units.
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braden publicly praises his employees when they have achieved their goals. braden hopes this will increase the likelihood of goal achievement in the future. this is an example of
Bruce praising his employees publicly is an example of positive reinforcement that they have achieved their goals.
Describe the appearance of reinforcement.For illustration, praise is a type of reinforcement when it comes to rewarding a child for putting their toys away (the response). If praise is used to reinforce the desired behavior, the youngster will be more likely to repeat it in the future.
How does behavior modification work?Following a range of reactions, a person's behavior is reinforced. It involves compensating someone for carrying out the necessary conduct three, six, and finally merely two times.
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Which economic system relies most strongly on profit to motivate economic behavior.
Many people think of capitalism as an economic system in which private individuals own and control property according to their own interests and where supply and demand are allowed to freely set market prices in a way that can best serve the interests of society.
What is capitalism?An economy with a capitalist structure has its means of production owned privately and operated for profit. Capital accumulation, competitive markets, the price system, private property, recognition of property rights, voluntary exchange, and wage labor are key aspects of capitalism. In a market economy, owners of wealth, property, or the capacity to move capital or the ability to produce are the ones who decide on investments and decisions, whereas the competition in the markets for goods and services is largely responsible for setting prices and determining how things are distributed. Numerous viewpoints have been used in the analysis of capitalism by economists, historians, political economists, sociologists, and others. Different manifestations of capitalism have been seen in daily life. Among them are anarcho-capitalism, state capitalism, welfare capitalism, and laissez-faire or free-market capitalism.
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john has a strong desire to perform difficult tasks well. he is motivated by personal standards of excellence. john has a high need for . multiple choice question.
John has a strong desire to perform difficult tasks well. John has a high need for achievement.
What is achievement?Positive psychology views achievement as more than just receiving high grades. Students will feel a feeling of accomplishment when they can observe their own progress in learning and mastering a subject or skill.
Examples include a casual gardener trying to cultivate the ideal orchid, a youngster trying to improve their conversational skills, a politician trying to rise to the top of her state, and an old person worried about losing their skills and talents.
A person who wants to manage a sales organization is an example of someone motivated by achievement. This person is inclined to create monthly small, attainable goals. These objectives would outline practical methods for developing one's craft.
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during two recent years, perez construction, incorporated, disposed of the following plant and equipment:
The value of loss on sale equipment of 2 years is$16751 and $2436
How to calculate cash flow from the sale of property for each year ?Req 1
Cash flow from investing activities year 1 year 2
proceeds from sale of equipment $17864 $12163
The amount reported in the cash flow from investing activities section of the statement of cash flow is the total cash proceeds from the sale of the equipment regardless of the amount of any gain or loss
Req 2
Any gain on the sale of the equipment is subtracted from net income to avoid double counting of the gain .Any loss on the sale of the equipment is added to avoid double counting of the loss
Cash flow from operating activities year1 year2
Loss (gain)on sale equipment $16751 $2436
Computations :
Plant and machinery (at cost) 75000 13500
Accumulated depreciation 40385 3773
Net book value 34615 9727
Cash proceeds - Net book value 16751 2436
The complete question is : During two recent years Perez Construction, Inc., disposed of the following plant and equipment: Year 1 Year 2 Plant and equipment (at cost) $ 75,000 $13,500 Accumulated depreciation on equipment disposed of 40,385 3,773 Cash received 17,864 12,163 Gain (loss) on sale (16,751) 2,436
Required: 1. Determine the cash flow from the sale of property for each year that would be reported in the investing activities section of the cash flow statement.
2. Perez uses the indirect method for the operating activities section of the cash flow statement. What amounts related to the sales would be added or subtracted in the computation of Net Cash Flows from Operating Activities for each year?
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the hr director's performance appraisal allowed her supervisor to evaluate her performance, but also allowed peers and subordinates to provide feedback as well. this type of appraisal is called a (n):
The hr director's performance appraisal allowed her supervisor to evaluate her performance but also allowed peers and subordinates to provide feedback as well. this type of appraisal is called human resource management.
Assessments need to encompass an evaluation of what the executive director completed, how objectives were carried out, and whether the director modeled the center values of the business enterprise. The board ought to shape the criteria for comparing the executive director around the needs and desires of the company.
But, the subsequent are crucial for every director, no matter the industry: monetary acumen, verbal exchange skills, critical wondering talents, and a willingness to prepare for and participate in conferences. consequently, the first step to effectiveness is an assessment of the modern-day talent on the board.
Activities like strategic or succession planning, or enhancing chance oversight, help a business enterprise create its destiny. 2d, foster c debate amongst your fellow individuals. Actively are trying to find out extraordinary points of view, and make sure that everyone contributes their expertise so that you make considerate selections.
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one benefit to having an employee advocacy program is that social network algorithms generally .
One benefit to having employee advocacy program is that the social network algorithms generally prioritize the messages from individuals over those sent.
What is employee advocacy?Employee advocacy is generally understood to occur when a representative of the employer's brand is a member of the workforce. Anyone who works for the company is eligible to fill this position. The marketing division does not have to be the sole place where it occurs. By using a variety of strategies, such as hosting company events and providing benefits to current employees, savvy businesses make it a point to maintain a positive work environment. Encouragement from coworkers to discuss these benefits of working for the organization might inspire a standout applicant to submit an application for a position that is open.
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What do you understand by information?.
Knowledge by study, communication, research, or education is referred to as information.
What is information and examples?Information is defined as data that is understood, organised, organised, or displayed in a manner that is understandable or is meaningful. Information gives data context. For instance, with out information that makes the dates important, a list of dates, or data, is worthless (dates of holiday).
What is information easy answer?Knowledge by study, communication, research, or education is referred to as information. Information is, in essence, the outcome of the analysis and interpretation of data. Information is the interpretation of such pieces of knowledge, while data is the specific figures, numbers, or graphs.
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TRUE/FALSE. if a firm's projects differ in risk, then one way of handling this problem is to evaluate each project with the appropriate risk-adjusted discount rate
The assertion is True. If the correct risk-adjusted rate is not applied, the firm may reject low-risk projects while accepting high-risk projects.
What is risk-adjusted rate?A risk-adjusted discount rate is the rate obtained when calculating the present value of a risky investment by combining an expected risk premium with the risk-free rate. A risky investment is one that involves higher levels of risk, such as real estate or a business venture.It is calculated by taking the investment's return, subtracting the risk-free rate, and dividing the result by the standard deviation of the investment.It is used in Medicare Advantage to adjust the capitated payments made by the federal government to cover enrollees' expected medical costs.The risk-adjusted discount rate has two main advantages: it is simple to understand and it is a reasonable attempt to quantify risk.To learn more about risk-adjusted rate refer to :
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TRUE/FALSE when laying off employees, seniority is the fairest and safest means of determining who leaves and who remains.
This statement is True, when laying off employees, seniority is the fairest and safest means of determining who leaves and who remains.
Seniority is the country of being older or placed in a better role of status relative to another individual, group, or corporation. Many task titles indicate a person's expert seniority, consisting of a senior accountant or junior salesperson, but anyone has a courting to seniority at their company no matter their particular role. Seniority is the duration of time that a man or woman has served in a task or worked for an agency. Seniority can convey better status, rank, or priority to an employee who has served for a longer time frame.
The seniority system is the traditional exercise (12) within the house wherein certain prerogatives and positions are made available to the participants with the longest non-stop provider inside the house or on the committee. Seniority-primarily based pay structures are those wherein the number one basis for pay increases is the employee's tenure. It has to be stated that seniority-based totally pay structures can remember the performance, but the predominant thing is tenure.
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What are bonds How do bonds provide a return to investors ?.
A bond represents a promise by the borrower to pay the lender the principal and usually interest on the loan.
Bonds are typically issued to finance specific projects. In return, the bond issuer promises to repay the investment with interest over a period of time.
How do bonds help investors?A bond is an “IOU” of money lent by an investor to the bond issuer. In exchange for using this money, the issuer agrees to pay the investor interest at a set rate known as the "coupon rate." At the end of the agreed-upon term, when the bond is "maturity", the issuer repays the investor's principal.
What do bonds do?Bonds are issued when governments and companies want to raise money. By purchasing a bond, you are providing a loan to the issuer, who agrees to repay the face value of the loan by a specified date and make periodic interest payments, usually twice a year. do.
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How does an investor usually receive income ?.
Investor usually receives income in the form of dividend.
Numerous investment kinds offer multiple investment return options. Capital gains and dividends are both possible with common stocks. Dividend or interest income is added to capital gains (or subtracted from capital losses), and any tax savings are taken into account when calculating total return.
In addition to interest or dividend income, fixed-income securities may also generate capital gains, and partnerships may generate any or all of the aforementioned sources of income on a tax-advantaged basis.
Some investments offer income in the form of dividends or interest, while others have the potential to increase in value. Nevertheless, there are still several that provide tax benefits in addition to current income or capital gains. The sum of these elements makes up an investment's overall return.
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If there is no specialization of resources in the production of milk and cream, the production possibilities curve for an economy that produces these two goods are: _______
straight and downward-sloping
The production possibilities curve for an economy that produces milk and cream is straight and downward-sloping if there is no specialization of resources in their production.
What is a production possibility curve?In economics, a production possibilities curve measures the maximum output of two goods with the same input.Any combination of the four production factors constitutes the input: labor, capital goods, natural resources (including land), and entrepreneurship.What Effect Does the Production Possibilities Curve Have on the Economy?The production possibilities curve depicts the various combinations of fixed-resource production volumes for two goods.It is assumed that when one commodity's production increases, so does that of another.Points on the production curve indicate that an economy does not produce at its comparative advantage, and production outside the curve is impossible.The right proportion of the goods that can be produced is shown on the production possibilities curve.The production possibilities curve for an economy that produces milk and cream is straight and downward-sloping if there is no specialization of resources in their production.
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A stock is expected to pay a dividend of $0.75 at the end of the year. The required rate of return is r_s = 10.5%, and the expected constant growth rate is g = 6.4%. Required: What is the stock's current price?
By applying the Gordon Growth model, you may resolve this:
Price of stock = Next dividend / (Required rate of return - Growth rate)
Solving the equation would give:
= 0.75 / (10.5% - 6.4%)
= 0.75 / 4.1%
= $18.29
The price of the shares is about $18.29 based on the dividend due at the end of the year.
The stock's current price is $18.29
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neoliberalism has emerged as a guiding economic philosophy since the 1970s and has been promoted by large, worldwide institutions since the 1980s. identify the actions that a neoliberal worldview supports.
Out of the choices provided above, the actions that describe being supported by the worldview of neoliberalism, includes, a decrease in government spending, and privatization of public services and assets. Therefore, the options A and B hold true.
Neoliberalism can be referred to or considered as the term that has often been attached to the reformation policies related to the economic functioning of a society, which is based on the modern view of privatization of the economy, as well as a decrease in the spending done by the government authorities over the economic functions.
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Complete question
neoliberalism has emerged as a guiding economic philosophy since the 1970s and has been promoted by large, worldwide institutions since the 1980s. identify the actions that a neoliberal worldview supports.
decrease in government spending
privatization of public services and assets
increase in taxes and tariffs
establishment of more trade regulations
FILL IN THE BLANK. with regard to quality management systems, is a formal document that demonstrates a commitment to achieving high quality and meeting customer expectations.
Total quality control is a comprehensive collection of methods used to reduce mistakes across a company.
What is Total Quality Control?Total quality control is a broad range of methods used to reduce errors across an organization. An firm can significantly increase both its profitability and customer satisfaction by doing this. Employees from all departments who have the authority to make changes must participate. This strategy incorporates several ideas, such as:What counts is how the customer feels about the quality.Process enhancements are the primary focus of error reduction.There is no end to the overall quality control effort because processes must be continually improved.The objective of quality improvement must be closely integrated with ongoing feedback loops and motivational techniques.To Learn more About Total quality control refer to:
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Phoenix Motors wants to lock in the cost of 10,000 ounces of platinum to be used in next quarter's production of catalytic converters. It buys three-month futures contracts for 10,000 ounces at a price of $1,310 per ounce.
Suppose the spot price of platinum falls to $1,205 in three months' time, answer the following:
a-1. Calculate the profit or loss on the futures contract. (Enter the amount as a positive value.)
a-2. What is the total cost to Phoenix of buying the platinum?
Suppose the spot price of platinum increases to $1,455 after three months, answer the following:
b-1. Calculate the profit or loss on the futures contract. (Enter the amount as a positive value.)
b-2. What is the total cost to Phoenix of buying the platinum?
If Phoenix Motors buys three-month Futures Contract from its suppliers, suppose that the spot price of platinum falls to $1,205 in the three months' time:
Phoenix Motors will record $1,050,000 loss. The total cost to Phoenix of buying the platinum is $13,100,000Suppose that the spot price of platinum increases to $1,455 after three months' time:
Phoenix Motors will save $1,450,000 profitsThe total cost of Phoenix of buying the platinum is $13,100,000Future Contract is a legal agreement between 2 companies to buy or sell a particular commodity asset at a predetermined price at the specific time in the future. Future contract is a standardized contract and regulated under law.
Based on the future contract made between Phoenix Motors and its supplier, Phoenix Motors will purchase 10,000 ounces of platinum at a price of $1,310 per ounce. Phoenix Motors will have to purchase the platinum at the predetermined price regardless of the platinum price fluctuation in the future.
The total cost for Platinum Motors to purchase the platinum is:
TC = Q x P
TC = 10,000 x $1,310
TC = $13,100,000
Scenario 1If there is a fluctuation in the platinum's price and the price falls to $1,205 per ounce then Phoenix Motors will have to purchase the platinum at the predetermined price $1,310 per ounce and record loss.
The price that Phoenix Motors has to pay without Future Contract is:
TC' = Q x P
TC' = 10,000 x $1,205
TC' = $12,050,000
The loss recorded by Phoenix Motors because of the future contract is:
ΔTC = TC' - TC
ΔTC = $12,050,000 - $13,100,000
ΔTC = $1,050,000 (loss)
Scenario 2If there is a fluctuation in the platinum's price and the price rises to $1,455 per ounce then Phoenix Motors will have to purchase the platinum at the predetermined price $1,310 per ounce and save profits.
The price that Phoenix Motors has to pay without Future Contract is:
TC' = Q x P
TC' = 10,000 x $1,455
TC' = $14,550,000
The profits recorded by Phoenix Motors because of the future contract is:
ΔTC = TC' - TC
ΔTC = $14,550,000 - $13,100,000
ΔTC = $1,450,000 (profit)
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A woman has a total of $ 9 , 000 to invest. she invests part of the money in an account that pays 9 % per year and the rest in an account that pays 11 % per year. if the interest earned in the first year is $ 890 , how much did she invest in each account?
The final answer is 750 dollars. Simple interest could be a fast and simple technique of shrewd the interest charge on a loan. Interest is set by multiplying the daily rate by the principal by the amount of days that glide by between payments.
The rest of 9000-6000 = 3000 dollars is invested at 9%. Check, 0.08*6000 + 0.09*3000 = 480 + 270 = 750 dollars
Generally, interest paid or received over a precise amount may be a mounted proportion of the principal quantity that was borrowed or Lententide. Interest accrues and is side to the accumulated interest of previous periods, thus borrowers should pay interest on interest likewise as principal.
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