Business High School

## Answers

**Answer 1**

The **sale **of the equipment resulted in a loss of $10,000, and the book value of the equipment at the time of the sale was $8,000.

The correct option for question 14 is (a) and (b) for question 15.

To determine the book value of the equipment at the time of the sale:

The equipment was purchased for $20,000 and had a useful life of 10 years, so the annual **depreciation **expense is ($20,000 - $2,000) / 10 = $1,800.

After 6 years, the accumulated depreciation would be $1,800 * 6 = $10,800. The book value of the equipment at that time would be $20,000 - $10,800 = $9,200.

Since the equipment was sold for $6,000, which is less than the book value of $9,200, it resulted in a **loss **of

$9,200 - $6,000 = $3,200.

Therefore, the correct answer is b. $8,000.

In summary, the sale of the equipment resulted in a loss of (a) $10,000, and the book value of the equipment at the time of the sale was (b) $8,000.

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## Related Questions

A utilitarian government will pursue policies that redistribute income from the rich to the poor. One problem with these policies is that a) everyone has less incentive to work hard. b) the rich will work harder while the poor will not. c) the poor will work harder while the rich will not. d) everyone in the middle class ends up worse off.

### Answers

The problem with** income redistribution policies** pursued by a utilitarian government is option a) everyone has less incentive to work hard.

Income redistribution policies aim to reduce** income inequality** by taking resources from the rich and transferring them to the poor. While these policies may be well-intentioned, one potential problem is that they can create disincentives for individuals to work hard and be productive.

When a government implements income redistribution policies, it typically involves higher taxes on the rich and more generous welfare programs for the poor. This redistribution of wealth can create a situation where individuals perceive that their hard work and effort will result in a smaller** financial reward**. Consequently, some people may be less motivated to work hard and be productive, as they perceive that a significant portion of their earnings will be taken away through taxes or reduced benefits.

In an economic system where hard work and productivity are rewarded, reducing the incentive to work hard can have negative consequences. It can result in decreased overall economic output, lower productivity, and slower economic growth. This can ultimately harm the **economy **as a whole and potentially reduce the resources available for redistribution.

While income redistribution policies pursued by a utilitarian government aim to address income inequality, one problem is that they can reduce the incentive for individuals to work hard. Balancing the goal of reducing inequality with maintaining incentives for productivity and economic growth is a key challenge for policymakers.

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a. Binary variables are introduced in the model to account for qualitative variables being used within the research. However, there are a few issues that will arise without proper usage of these binary variables. List at least two consequences of improper usage of binary variables and how they can be corrected. (4 marks) b. Use the model below to answer the following questions: log(π)=8.58+1.93log( inc )+0.09nx+0.04nx 2

−2.01D e

(1.912)(0.145)(1.079)(1.677)

n=70R 2

=0.47

Durbin − Watson statistic =2.01

Where: π= Inflation Rate inc = Income nx= Net Exports D e

=I if the country is an emerging economy

The standard erors are in 0 . i. Interpret the constant and the coefficient of the dummy variable. (4 marks) ii. What is the optimal value of net exports? (2 mark) ii. Test the hypothesis, at the 5% level of significance, that a 1% increase in income causes the inflation rate to increase by 3%. Be sure to show all steps. (6 marks) iv. Is β

ˉ

3

unbiased? Show/provide all necessary working and assumptions. (2 marks) v. Are you able to determine if the residuals are autocorrelated' Explain. (2 marks)

### Answers

Improper usage of **binary variables** in a model can lead to two consequences: biased coefficient estimates and inaccurate interpretation of results. These issues can be corrected by ensuring proper coding and inclusion of all relevant variables in the model.

When binary variables are used improperly, it can result in **biased **coefficient estimates. This means that the effect of the qualitative variable on the outcome variable is not accurately captured. For example, if the binary variable is not coded correctly or omitted from the model, it can lead to incorrect conclusions about the relationship between the qualitative variable and the outcome. To correct this, it is essential to carefully code the binary variable, assigning appropriate values to represent the different categories or levels of the qualitative variable. Additionally, it is crucial to include all relevant binary variables in the model to capture their effects accurately.

Another consequence of improper usage of binary variables is the inaccurate interpretation of results. Binary variables are typically used to **represent **categorical or qualitative variables, such as the country being an emerging economy in this case. If the interpretation of the coefficient of the dummy variable is done incorrectly, it can lead to misleading conclusions. To interpret the coefficient of the dummy variable correctly, it is important to remember that it represents the average difference in the outcome variable between the reference category and the category represented by the dummy variable. In this case, the coefficient of the dummy variable represents the average difference in the inflation rate between emerging economies (represented by D e=1) and non-emerging economies (represented by D e=0).

In conclusion, proper usage of binary variables is **crucial **to obtain reliable and accurate results in statistical modeling. Biased coefficient estimates and misinterpretation of results are two significant consequences that can arise from improper usage. To address these issues, it is important to code binary variables correctly and include all relevant variables in the model.

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What do you think are the external forces within Omani context, impacting the degree program offered at Modern College of Business and Science (MCBS)? Use Michael Porter’s Five forces model OR PESTLE Analysis (choose any one only). Describe with real and specific examples.

### Answers

External forces in **Omani** context that impact the degree program offered at Modern College of Business and Science (MCBS) can be analyzed using Michael Porter’s Five Forces Model.Michael Porter's Five Forces Model helps businesses to evaluate their position in relation to the external forces that impact them. It is an analytical tool used to **measure** competition intensity within an industry and its profitability.

Potential new **entrants**, bargaining power of buyers, bargaining power of suppliers, the threat of substitute products or services, and competitive rivalry are the five forces that affect the degree **program** at MCBS in the Omani context.The following are the specific external forces of the five forces model that impact the degree program at MCBS in the Omani context:1. Potential new entrants: This force refers to the competition the **institution** may face from other universities or academic institutions who offer similar degree programs. The new universities may come up with new and innovative programs that could attract the students to their institutions.2. Bargaining power of buyers: Students have the power to **bargain** and influence the price and quality of education provided by the institution.

For instance, they may be able to obtain quality education from other universities or institutions at a lower cost than MCBS, or they may also demand high-quality education from MCBS at a lower price.3. Bargaining power of suppliers: In terms of education, the suppliers of MCBS are **professors**, administrative staff, and other relevant professionals who are involved in providing the educational experience.4. The threat of substitute products or services: The Omani government has a range of policies that promote public and private sector development, which may promote a similar educational program to what MCBS offers.

This may reduce the number of students attending the institution and hence reduce its profitability.5. Competitive rivalry: Other universities and institutions offering similar degree programs, such as accounting and finance, business management, and information technology, may pose a threat to MCBS. They may offer similar courses at a lower price or provide more advanced learning opportunities.MCBS may use the five forces model to evaluate the potential impact of external factors on the institution's profitability and operations. The college can plan and take steps to deal with the external forces in the Omani context that may affect its degree program.

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Explain the reasons why lags in fiscal policy can create statements such as this: The member of government should want the economy to perform better: however, the always seem to take too long to act.

### Answers

Fiscal policy refers to the government's decisions **optimal**** ****output** regarding spending, taxation, and borrowing. Lags in fiscal policy can create statements such as "The member of government should want the economy to perform better.

They always seem to take too long to act" because of the following reasons:1. Decision-making process: The decision-making process in the **government** is a lengthy process and involves a lot of bureaucracy. Hence, it takes a long time to implement a fiscal policy.

It takes time to implement fiscal policy since it has to go through different stages, such as budget allocation and **legislative** approval. Moreover, it takes time for the government to allocate funds and for the funds to be distributed.3. Economic Data Collection: It takes a long time to collect the necessary economic data to make informed decisions regarding fiscal policy. The government needs to collect data on the current economic situation, trends, and other **economic indicators **to make effective decisions.

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Fiaaning Defre Income Statement fer December 3, 201 14,000.000 200.000 100,00 KAIT te 120.000 10,000 Preg T 170,000 Net 110,000 LIOR Balance Sheet of December 31, 2019 Cask $100,000 A Exc TCA Food T Seppoon that 2020 sales $224.000 Foncast the A operated 19% Newing will be with len of ande Awill be a Cash don eary at income Enter de calculations Rond your w Garlington Terkelagies Inc. Pre Farms arome Statement Dec 31,282 Sale Ope IBIT des belove 13000 300,000 Land 130,000 A 200 000 5000 $340,000 TC 4000,000 Long bod 1,000,000 134000 Cam d 1,300,000 KE 230,000 Ta li 12000 ng the Secasted Bosscal method pevala De to 544 1 capacity in 2019. The long hoods have Teem (19% Ato Til 777777 Garlington Thalgies Inn, ProForm Bl Dec 31, 18 Fa T Lase of crede Ar Tod l LT C TLA 1 - Financing Deficit Gurlington Technologies Inc.'s 2019 financial statements are shown below: Income Statement for December 31, 2019 Sales $4,000,000 Operating costs 3,200.000 EBIT $300,000 Inst 120,000 Pre-tex easines 1.680.000 Tax(25%) 170,000 Net income $10,000 Dividends $100.000 Balance Sheet ai of December 31, 2019 Cali $ 160,000 Accounts payable $360,000 Receivables 0 360.000 Line of cred 320,000 Accruals Inventores 200,000 Total CA $1,240,000 Total CL 5560,000 Faxed amets 4,000,000 Long-term bonds 1,000,000 Total Assets $5,200,000 Common rock 1,100,000 RE 2,380,000 Total LAE $5,340,000 Suppose that in 2020 sa increase to urthed rate of crease to 544 million and that 2020 dividends will $224 000. Forecast the financial stateanots suring the freecasted financial statem Aase the firm operated at full capacity in 2009 The long-term bonda 13% New financing will be with a line of credit Ae it will be added at the end of the Cash does not earn any interest incoese Enter your answees as positive values. Do not sound intermediate calculations. Round your ans to the newest dollar Carlington Technologies In Pro Forma Income Statement December 31, 2020 Saire S Operat EDIT edictions: On LLL 5 S Accessibility: Investigate * Parag 40 I " 144 Interest Pre-tax es Taxes (25%) Net income Dividends Addition to RE Garlington Technologies Inc. Pre Forms Balance Statement December 31, 2020 S Cash Receivables Investies Total curent assets Fond st Total Accounts payable Line of cred Aconada Tablour Sabilities LT lood Common dock Retained in ToLAE DII S S 2 fo DDI (Ctr) fu from Focus 112

### Answers

Garlington Technologies Inc.'s forecasted **net income** for 2020 is $1,680,000. The retained earnings for the year will be $1,936,000.

The 2019 **financial statements **of Garlington Technologies Inc. show an operating profit of $300,000, a net income of $10,000, and **dividends **of $100,000. The firm’s balance sheet shows cash, accounts receivables, and **inventory **of $160,000, $360,000, and $200,000, respectively. The current **liabilities amount **to $560,000, whereas the total assets amount to $5,200,000.

The forecasted 2020 sales will increase to $4,544,000, and dividends will be $224,000. Long-term bonds have an interest rate of 13%, and new **financing **will be with a line of credit. The firm will operate at full capacity in 2020, and cash will not earn any **interest**. By using these assumptions and the percentage of sales method, the forecasted net income for 2020 is $1,680,000. The retained earnings for the year will be $1,936,000.

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As real GDP increases, how does the equilibrium point of aggregate demand (AD) and short-run aggregate supply (SRAS) move, with regard to long-run aggregate supply (LRAGS)?

a. The LRAGS moves to the right, and the AD and SRAS move up.

b. The LRAGS moves to the right, and the AD and SRAS move down.

c. The LRAGS moves to the left, and the AD and SRAS move down.

d. The LRAGS moves to the left, and the AD and SRAS move up.

### Answers

The **LRAGS curve** moves to the right to show the increase in potential output. As a result, the economy moves closer to its full employment level. Therefore, option (a) is the correct answer.

As real GDP increases, the equilibrium point of** aggregate demand **(AD) and short-run aggregate supply (SRAS) moves up with regard to long-run aggregate supply (LRAGS).

Option (a) The LRAGS moves to the right, and the AD and SRAS move up is the correct answer.

The long-run aggregate supply (LRAGS) is a measure of a country's potential output in the long run. It is dependent on factors such as capital, labor, technology, and innovation.

The equilibrium point of aggregate demand (AD) and short-run aggregate supply (SRAS) determine the economy's overall price level and level of output.

As real GDP increases, the equilibrium point of aggregate **demand **(AD) and short-run aggregate supply (SRAS) moves up with regard to long-run aggregate supply (LRAGS).

The movement is due to an increase in the production capacity of the economy, which is reflected in an increase in the country's potential output.

The LRAGS curve moves to the right to show the increase in potential output. As a result, the economy moves closer to its full employment level.

Therefore, option (a) is the correct answer.

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Blue Star Corporation has Net Income of 16,000, Sales of 200,000, Assets of 350,000, and Total Equity of 180,000. what is its ROE? Question 1 options: 7.1% 9.8% 12.4% 5.3% 8.9%

Green Fire, Inc., has sales of $60 million, total assets of $42 million, and total debt of $18 million. If the profit margin is 9 percent, what is the ROA? Question 4 options: 8.3% 20.7% 16.6% 14.5% 12.4%

### Answers

The ROE of **Blue Star **Corporation is approximately 9%. The ROA of **Green Fire**, Inc. is approximately 12.9%. Therefore, the answer to the given problem is option d) 14.5%.

Blue Star Corporation has **Net Income **of 16,000, Sales of 200,000, Assets of 350,000, and Total Equity of 180,000. what is its ROE?The formula to calculate the Return on Equity (ROE) is:

[tex]$$ROE = \frac{Net Income}{Total Equity} \times 100\%$$[/tex]

Given,Net Income = $16,000

**Total Equity **= $180,000

Substitute the values in the above formula, we get

[tex]$$ROE = \frac{16,000}{180,000} \times 100\% = 8.89\% \approx 9\%$$[/tex]

Hence, the ROE of Blue Star Corporation is approximately 9%.

Green Fire, Inc., has sales of $60 million, total assets of $42 million, and total debt of $18 million. If the profit margin is 9 percent, what is the ROA?The formula to calculate the Return on Assets (ROA) is:

[tex]$$ROA = \frac{Net Income}{Total Assets} \times 100\%$$[/tex]$$ROA = \frac{Net Income}{Total Assets} \times 100\%$$[/tex]

Given, Sales = 60$ million

Total Assets = 42$ million

Total Debt = 18$ million

**Profit Margin **= 9$%

We know that,

Profit Margin = [tex]$$\frac{Net Income}{Sales} \times 100\%$$[/tex]

Rearranging the above formula, we get

[tex]$$Net Income = \frac{Profit Margin \times Sales}{100\%}$$[/tex]

Substitute the values of Profit Margin and Sales in the above formula, we get

[tex]$$Net Income = \frac{9 \times 60}{100} = 5.4 \text{ million}$$[/tex]

The formula to calculate the Return on Assets (ROA) is:

[tex]$$ROA = \frac{Net Income}{Total Assets} \times 100\%$$[/tex]

Substitute the values of Net Income and Total Assets in the above formula, we get

[tex]$$ROA = \frac{5.4}{42} \times 100\% \approx 12.9\%$$[/tex]

Hence, the ROA of Green Fire, Inc. is approximately 12.9%. Therefore, the answer to the given problem is option d) 14.5%.

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a) Distinguish between the Population Regression Function (PRF) and the Sample Regression Function (SRF) using appropriate formula and specifications for each function.

b) Outline the Gauss-Markov assumptions associated with the Classical Linear Regression Model (CLRM) and discuss their significance. State any additional assumption that is required for hypotheses testing. Ensure to elaborate on BLUE properties of OLS estimators.

### Answers

**Answer:**

a) The Population Regression Function (PRF) and the Sample Regression Function (SRF) are two related concepts in **regression analysis**.b) The assumptions provide the necessary conditions for valid statistical inference, hypothesis testing, and constructing confidence intervals.

Population Regression Function (PRF):

The PRF represents the relationship between the **dependent variable** (Y) and the independent variables (Xs) in the population. It is denoted as E(Y|X) and represents the expected value of Y given a specific set of values for Xs. The PRF is typically expressed using mathematical notation and represents the true underlying relationship between the variables.

Sample Regression Function (SRF):

The SRF, on the other hand, is an estimate of the PRF based on a sample of observations. It is denoted as Ŷ and represents the predicted value of Y based on the estimated **regression coefficients **and the given values of Xs. The SRF is obtained using the Ordinary Least Squares (OLS) method, which minimizes the sum of squared differences between the observed and predicted values of Y.

Mathematically, the SRF is given by:

Ŷ = β0 + β1X1 + β2X2 + ... + βkXk

b) The **Gauss-Markov** assumptions associated with the Classical Linear Regression Model (CLRM) are as follows:

Linearity: The relationship between the dependent variable and the independent variables is linear in the population.

Random Sampling: The observations are drawn randomly from the population.

No Perfect Collinearity: There is no perfect linear relationship between the independent variables.

Zero Conditional Mean: The error term has a mean of zero conditional on the independent variables.

hom*oscedasticity: The error term has constant variance for all values of the independent variables.

No Autocorrelation: The error terms are not correlated with each other.

Normality: The error term follows a normal distribution.

These assumptions are significant because they ensure that the Ordinary Least Squares (OLS) estimators are unbiased, consistent, and efficient. The assumptions provide the necessary conditions for valid statistical inference, hypothesis testing, and constructing confidence intervals. Violations of these assumptions can lead to biased and inefficient estimators.

The BLUE (**Best Linear Unbiased Estimators)** properties of OLS estimators state that, under the Gauss-Markov assumptions, the OLS estimators are the best linear unbiased estimators. "Best" refers to their minimum variance among all unbiased linear estimators, while "unbiased" means that the estimators have an expected value equal to the true population parameters. These properties make OLS estimators optimal for estimating the parameters of the linear regression model.

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Briefly define your topic and give 4 outcomes of the training intervention (briefly discuss and state the purpose of each outcome.Briefly describe the different subheadings / sections that should be contained in the Learning and Development Manual? Provide examples of the administrative aspects of a Learning and Development intervention: a. Provide an example of 2 invitation letters sent to participants i. 1 letter should be inviting the participant to the learning and development intervention. ii. The other letter should confirm attendance, venue, dates, etc. b. Write a letter to the manager proposing a venue and the cost of the learning and development intervention Provide an example of an assessment to be used in the training intervention.

### Answers

A **training intervention** is designed to enhance specific skills or knowledge within a target group. It typically involves a structured program aimed at achieving specific outcomes. Four outcomes of a training intervention may include increased knowledge and understanding, improved skills and abilities, enhanced performance, and positive behavioral changes.

A** training intervention **is a purposeful initiative that focuses on developing certain skills or knowledge among individuals or a group of participants. The primary objective of such an intervention is to bring about positive changes and improvements in their performance or behavior. By participating in a well-designed training program, individuals can expect the following outcomes:

1. Increased knowledge and understanding: One of the key purposes of a training intervention is to provide participants with new information, concepts, or theories relevant to their field. Through **interactive sessions**, presentations, and discussions, participants acquire a deeper understanding of the subject matter, enabling them to expand their knowledge base.

2. Improved skills and abilities: Training interventions often aim to enhance specific skills or competencies required for effective job performance. By offering practical exercises, simulations, or hands-on training, participants can develop and refine their **skills**, such as communication, problem-solving, leadership, or technical expertise.

3. Enhanced performance: The ultimate goal of a training intervention is to improve participants' overall performance in their roles or responsibilities. By addressing areas of improvement and providing guidance on best practices, the intervention helps individuals become more competent and productive, leading to **enhanced performance **outcomes.

4. Positive behavioral changes: Training interventions can also influence participants' behavior, attitudes, and mindset. Through activities like role-playing, case studies, or real-life examples, individuals can develop new perspectives, adopt more **effective strategies**, and embrace positive behaviors that contribute to personal and professional growth.

The Learning and **Development Manual** should consist of several subheadings/sections, including:

1. Introduction: Provides an overview of the manual, its purpose, and objectives.

2. Training Needs Assessment: Discusses the process of identifying training needs, conducting assessments, and gathering data to inform the development of the intervention.

3. Training Objectives: Clearly defines the desired outcomes of the training intervention, aligning them with organizational goals and participant expectations.

4. Training Design and Content: Describes the instructional methods, content modules, and materials used in the intervention, ensuring they are relevant, engaging, and interactive.

5. Training Delivery: Explains how the training sessions will be conducted, including the use of facilitators, trainers, multimedia tools, and any virtual or in-person components.

6. Evaluation and Assessment: Outlines the methods and tools used to measure the effectiveness of the intervention, such as surveys, tests, observations, or feedback mechanisms.

7. Follow-up and Support: Describes post-training support mechanisms, such as coaching, mentoring, or additional resources, to reinforce learning and ensure long-term transfer of skills.

Administrative aspects of a Learning and Development intervention may include:

a. Invitation letters:

i. An invitation letter inviting the participant to the learning and development intervention should include details about the purpose, dates, location, and any preparatory requirements. It should convey the importance of their attendance and emphasize the benefits they will gain from participating.

ii. A confirmation letter should be sent to participants once they have confirmed their attendance. This letter should reiterate the details of the event, including the venue, dates, timings, and any additional information they need to know. It provides** reassurance** and serves as a reminder of their commitment.

b. Letter to the manager proposing a venue and cost:

In the letter to the manager, you would propose a suitable venue for the learning and development intervention, highlighting its amenities, accessibility, and cost-effectiveness. You would also provide a breakdown of the associated costs, including venue rental, catering, materials, and any additional expenses.

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On June 30, 2022, Company J had outstanding 5-year bonds with 4% coupon rate and $850,000 face value. The company pays interest semi-annually on June 30 and December 31. On June 30, 2022, Company J decided to call all of these bonds by paying 102 of par value. On that date, the unamortized bond discount had a remaining balance of $50,000. How much gain or loss should Company J record as result of retiring these bonds earlier?

A. $57,000 gain

B. $67,000 loss

C. $105,000 gain

D. $50,000 loss

### Answers

Company J should record a loss of $67,000 as a result of retiring the **bonds **earlier. This is calculated by comparing the carrying value of the bonds with the amount paid to retire them, resulting in a loss of $67,000. Option B is correct.

To calculate the gain or loss from retiring the **bonds **earlier, we need to compare the carrying value of the bonds (face value minus unamortized bond discount) with the amount paid to retire them.

The carrying value of the bonds is calculated as follows:

Carrying Value = Face Value - Unamortized Bond Discount

Carrying Value = $850,000 - $50,000

**Carrying Value **= $800,000

Since the company pays 102% of the par value to retire the bonds, the amount paid is:

Amount Paid = 102% of Face Value

Amount Paid = 102% of $850,000

Amount Paid = $867,000

To determine the gain or loss, we compare the carrying value with the **amount paid**:

Gain or Loss = Amount Paid - Carrying Value

Gain or Loss = $867,000 - $800,000

Gain or Loss = $67,000

Therefore, the correct option is B. $67,000 loss.

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What is the amount of interest to be paid in the first month of

a 15-year, 4.5%, $114 thousand conventional fixed-rate mortgage?

Round to the nearest penny ($.01).

### Answers

The amount of** interest** to be paid in the first month of a 15-year, 4.5%, $114 thousand **conventional fixed-rate mortgage is $427.50 **(rounded to the nearest penny).

**How to calculate the amount of interest to be paid in the first month of a mortgage?**

To calculate the amount of interest to be paid in the first month of a** mortgage,** you need to use the following formula: Interest = (Interest rate / number of payments per year) x Principal For this problem, the principal is $114,000, the interest rate is 4.5%, and the number of payments per year is 12 (since there are 12 months in a year). So the calculation is: Interest = (4.5% / 12) x $114,000= (0.045 / 12) x $114,000= 0.00375 x $114,000= $427.50Therefore, the amount of interest to be paid in the first month of a 15-year, 4.5%, $114 **thousand conventional fixed-rate mortgage** is $427.50 (rounded to the **nearest penny**).

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According to the principle of economic efficiency, scalping of tickets for admission to the World Series tends to

1. benefit the buyers of tickets but not the sellers.

2. decrease social well-being.

3. increase the likelihood that tickets will be used by those who value them most highly.

4. benefit sellers of the tickets but not the buyers.

5. maximize the difference between consumer and producer surplus.

### Answers

2. The scalping of tickets for admission to the** World Series **tends to decrease **social well-being.**

The principle of **economic **efficiency suggests that resources should be allocated in a way that maximizes social well-being.

Ticket scalping, which involves reselling tickets at inflated prices, often leads to higher prices and reduced access for **consumer **. This decreases social well-being as it creates inefficiencies in the market, reduces consumer surplus, and can result in unfair distribution of tickets. While scalping may benefit sellers of the tickets by allowing them to profit from the price difference, it generally harms buyers and decreases overall **social welfare.**

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Allied Electric Co. is developing a new design for its portable electric hair-dryer Test market data indicate a demand for the new hair-dryer as follows:

Q=30,000 – 1,000P

where Q is hair-dryer sales and P is its price.

a) How many hair-dryers could Allied sell at . 22.50 each?

b) What price would Allied have to charge to sell 12,000 hair-dryers?

c) At what price would hair-dryer sales be zero?

d) Calculate point price elasticity of demand at a price of 20. (2 x4 = 8)

### Answers

Allied Electric Co. can sell 7,500 hair-dryers at a price of $22.50 each. To sell 12,000 hair-dryers, they would need to charge $18. Sales would be zero at a price of $30. Point **price elasticity** calculation is incomplete.

a) To determine how many hair-dryers Allied could sell at a price of $22.50, we substitute P = $22.50 into the **demand **equation:

Q = 30,000 - 1,000P

Q = 30,000 - 1,000(22.50)

Q = 30,000 - 22,500

Q = 7,500

Allied could sell 7,500 hair-dryers at a price of $22.50 each.

b) To find the **price **at which Allied could sell 12,000 hair-dryers, we rearrange the demand equation to solve for P:

Q = 30,000 - 1,000P

12,000 = 30,000 - 1,000P

1,000P = 30,000 - 12,000

1,000P = 18,000

P = 18,000 / 1,000

P = $18

Allied would have to charge a price of $18 to sell 12,000 hair-dryers.

c) To find the price at which hair-dryer sales would be zero, we set Q = 0 in the **demand **equation:

0 = 30,000 - 1,000P

1,000P = 30,000

P = 30,000 / 1,000

P = $30

Hair-dryer sales would be zero at a price of $30.

d) Point price elasticity of demand can be calculated using the formula:

E = (dQ/dP) * (P/Q)

At a price of $20, we differentiate the demand equation with respect to P to find dQ/dP:

dQ/dP = -1,000

Then we substitute the values into the elasticity formula:

E = (-1,000) * (20 / Q)

To calculate the point elasticity, we need to know the **quantity **(Q) at a price of $20.

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bonus: From Chapter 10 (5pts) 7. The following cubic equation is a long-run production function for a firm: Q=-0.003K³L +7.2K²Ľ² Suppose the firm employs 5 units of capital. a. What are the equations for the total product, average product, and marginal product of labor curves? b. At what level of labor usage does the marginal product of labor begin to diminish? C. Calculate the marginal product and average product of labor when 12 units of labor are being employed. Now suppose the firm doubles capital usage to 10 units. d. What are the equations for the total product, average product, and marginal product of labor curves? e. What happened to the marginal and average product of labor curves when capital usage increased from 5 to 10 units? Calculate the marginal and average products of labor for 12 units of labor now that capital usage is 10 units. Compare your answer to part c. Did the increase in capital usage affect marginal and average product as you expected?

### Answers

a. The equations for the total **product **(TP), average product (AP), and **marginal **product (MP) of **labor **curves can be derived as follows:

Total Product (TP):

TP = -0.003K³L + 7.2K²L²

Average Product (AP):

AP = TP / L

AP = (-0.003K³L + 7.2K²L²) / L

AP = -0.003K³ + 7.2K²L

Marginal Product (MP):

MP = ∂TP / ∂L

MP = ∂(-0.003K³L + 7.2K²L²) / ∂L

MP = -0.003K³ + 14.4K²L

b. The marginal product of labor begins to diminish when the derivative of the marginal product with respect to labor (∂MP/∂L) is negative. To find this point, we can set ∂MP/∂L = 0 and solve for L:

-0.003K³ + 14.4K²L = 0

L = 0.003K / 14.4K²

L ≈ 0.000208K

c. To calculate the marginal product (MP) and average product (AP) of labor when 12 units of labor are being employed, we substitute L = 12 into the respective equations:

MP = -0.003K³ + 14.4K²L

MP = -0.003K³ + 14.4K²(12)

AP = -0.003K³ + 7.2K²L

AP = -0.003K³ + 7.2K²(12)

d. After doubling the capital usage to 10 units, the new equations for the total product (TP), average product (AP), and marginal product (MP) of labor curves can be derived by substituting K = 10 into the original equations:

Total Product (TP):

TP = -0.003(10)³L + 7.2(10)²L²

Average Product (AP):

AP = TP / L

AP = (-0.003(10)³L + 7.2(10)²L²) / L

Marginal Product (MP):

MP = -0.003(10)³ + 14.4(10)²L

e. When capital usage increased from 5 to 10 units, both the marginal product (MP) and average product (AP) of labor curves will be affected. To calculate the new values of MP and AP for 12 units of labor with capital usage at 10 units, we substitute L = 12 and K = 10 into the respective equations:

MP = -0.003(10)³ + 14.4(10)²(12)

AP = (-0.003(10)³L + 7.2(10)²L²) / L

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Income Statement accounts are closed at what stage of the accounting process?

Multiple Choice

As the last journal entries at the end of each accounting year.

After the Income Statement and the statement of retained earnings are prepared, but before the Balance Sheet is prepared.

At the time that adjustments are made.

After adjustments are made and before the Income Statement is prepared.

### Answers

The Income **Summary** account is then closed to the Retained Earnings account, which appears on the Statement of **Retained** Earnings.

Income Statement accounts are closed after adjustments are made and before the Income Statement is prepared.In **accounting**, an Income Statement,

also known as the Profit and Loss Statement, is one of the four most important financial statements, the other three being the Balance Sheet, Statement of Cash Flows, and Statement of Retained Earnings.

It reveals the company's revenue and **expenses** for a specified period, resulting in net profit or loss. The Income Statement accounts are temporary accounts that show the company's revenue and expenses for the accounting period. In contrast to the Balance Sheet accounts, which are permanent accounts that show the **company's** assets, liabilities

and equity, Income Statement accounts are only relevant for a specific time. At the end of the accounting period, these accounts must be closed to prepare for the next accounting period.Income Statement accounts are closed after **adjustments** are made and before the Income Statement is prepared.

These **temporary** accounts must be transferred to the Income Summary account, which serves as a clearinghouse for revenue and expense accounts. The Income Summary account is then closed to the Retained Earnings account, which appears on the Statement of Retained Earnings.

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Journal Entry

A three-year fire insurance policy was purchased on July 1, 2018, for $12,000. The company debited insurance expense for the entire amount.

Transaction General Journal DebitCredit

1Insurance expense 12,000Cash Prepaid insuranceWhat Is A Prepaid Expense:

A Prepaid Expense is a current asset presented in the balance sheet. A Prepaid Expense arises when a company decides to pay for future expenses immediately with cash. The Prepaid Expense is only transferred to the income statement when the service is actually incurred.

### Answers

The** journal entry** for a three-year fire insurance policy was purchased on July 1, 2018, for $12,000 would be Prepaid insurance 12,000 Cash 12,000.

**Prepaid expenses** are current assets that are shown on the balance sheet. A prepaid expense arises when a company decides to pay for future expenses immediately with cash. The prepaid expense is only transferred to the income statement when the service is actually incurred.

A journal entry is an accounting entry that is recorded in the general journal. The entry may be a debit or credit entry. The journal entry is used to record a transaction that has occurred in a business. The journal entry is recorded in the general journal, which is a record of all transactions that have been recorded in the business.A three-year fire insurance policy was purchased on July 1, 2018, for $12,000.

The company debited insurance expense for the entire amount. Here, the prepaid **insurance **will be reported as an asset on the company's** balance sheet** until the insurance is used or expired. A prepaid insurance journal entry is made at the time of purchase to record the purchase of insurance policy and payments made against insurance policy purchased.

The journal entry for the prepaid insurance purchase on July 1, 2018, is given below:

Prepaid insurance 12,000

Cash 12,000

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Main Topic: The Mexican Experience During U.S. Expansion, the 1840s and Beyond.

Side Topics:

The Second Great Awakening and its emphasis on individual spiritual success.

The Transcendental movement and its emphasis on individualism to create a better existence through experiencing nature.

Communal experiments, which were meant to create a more stable society.

Reforms to health, especially related to alcoholism, exercise and nutrition.

How abolitionists began addressing slavery and the resistance to it from supporters of slavery.

The early feminist movement, which came out of the abolitionist movement, and the beginning of the long fight for women's rights.

The Compromise of 1850 as a compromise on slavery and the Fugitive Slave Act worked to further divided the country politically.

The Kansa-Nebraska Act and the ensuing violence over whether there should be slavery in the territories.

The formation of the Republican Party.

The Dred Scott decision, it's declaration that African Americans could never be citizens, and that Congress couldn't interfere with the expansion of slavery into the territories.

The rise of Abraham Lincoln into the political arena as a Republican.

The John Brown raid and how be became a terrorist for Southerners and a hero to Northerners.

Lincoln's election to the presidency and the seceding of states from the Union.

The experiences of Mexicans and Mexican-Americans losing their territory as the U.S. finished expanding west.

Questions:

1. Explain how the U.S. government took over Mexican territory to continue westward expansion.

2. How does the take-over of Mexican territory tie into the concept of Manifest Destiny taking place during this time?

3. a. Explain the Mexican and Mexican-American experience of the Anglo conquest in the 1840s and 1850s?

b. What were the various ways they lost their land?

4. Explain expansionism as part of the American mentality. Do you think U.S. expansion is more positive or negative when we look back on how this occurred?

Please NUMBER and LETTER your answers. More detailed explanations are appreciated. Thank you!

### Answers

The **U.S. government** took over **Mexican territory** to continue **U.S. expansion **in several ways:

The first way was by asserting that the annexation of **Texas **was legitimate and that the Rio Grande was the southern border of Texas. This meant that the U.S. government could claim that the Mexican army had attacked U.S. territory, even though **Mexico **maintained that the Nueces River was the border.The second way was by sending troops into Mexican territory under the pretext of protecting **American citizens** and interests, which ultimately led to the **Mexican-American War**. Finally, the U.S. government negotiated the Treaty of Guadalupe Hidalgo in 1848, which ceded half of Mexico's territory to the United States.How does the take-over of Mexican territory tie into the concept of Manifest Destiny taking place during this time?

The take-over of Mexican territory ties into the concept of **Manifest Destiny** because it was based on the belief that the United States had a divine mission to expand westward. Manifest Destiny was the idea that it was America's destiny to expand across the continent and that it was God's will that Americans settle the West.

This idea was used to justify the U.S. government's aggressive policies towards **Mexico**, as well as its acquisition of other territories such as Oregon and California.

What was the Mexican and Mexican American experience of the Anglo-Saxon conquest in the 1840s and 1850s like?

The Mexican and Mexican-American experience of the Anglo conquest in the 1840s and 1850s was marked by violence, dispossession, and discrimination. Mexicans who had lived in Texas, California, and New Mexico for generations suddenly found themselves living in a country that didn't recognize their land titles or their rights. **Mexican Americans** were also subjected to **discrimination**, both legal and social, and were often relegated to the lowest rungs of society.

What were the various ways the Mexicans and Mexican Americans lost their land?

There were several ways in which Mexicans lost their land during this time. Some lost their land due to legal challenges to their land titles, while others were forced to sell their land to Americans at low prices. Still, others lost their land as a result of the **Treaty of Guadalupe Hidalgo**, which ceded half of Mexico's territory to the United States.

How was expansionism a part of the American mentality?

**Expansionism **was part of the American mentality because it was based on the belief that the United States had a manifest destiny to spread across the continent. This belief was rooted in American exceptionalism, which held that the United States was a unique and superior nation with a special role to play in the world.

The** U.S. expansion**, when we look back on how this occurred, is more negative than positive because it resulted in the displacement and dispossession of **Native Americans** and Mexicans, as well as the spread of slavery into new territories. While the idea of manifest destiny was used to justify **American expansionism**, it ultimately resulted in the violation of other people's rights and the perpetuation of inequality and injustice.

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Using the DD-AA model, analyze the output and balance of payments effects of the temporary contractionary fiscal policy under floating exchange rates. How about temporary fiscal expansions? (15%). Using the DD-AA model, analyze the output and balance of payments effects of the temporary contractionary monetary policy under floating exchange rates. How about temporary monetary expansions? (15%)

### Answers

The effects of fiscal and monetary policy on output and the balance of payments depend on whether the policies are contractionary or expansionary. Contractionary policies generally lead to a decrease in output and may have mixed effects on the balance of payments. **Expansionary** policies, on the other hand, tend to increase output but may have varied effects on the balance of payments. The DD-AA model helps analyze these effects and provides insights into the macroeconomic impacts of fiscal and monetary policies under floating exchange rates.

1. Temporary **Contractionary** Fiscal Policy:

A contractionary fiscal policy involves reducing government spending or increasing taxes to reduce aggregate demand. Under floating exchange rates, a temporary contractionary fiscal policy will have the following effects:

- Output: The contractionary fiscal policy will reduce government spending and aggregate demand, leading to a decrease in output or GDP.

- Balance of Payments: The reduction in output will result in lower imports, which will improve the trade balance. However, the decrease in output may also lead to a decrease in foreign investor confidence, potentially causing capital outflows and a deterioration in the financial account of the balance of payments.

2. Temporary Fiscal Expansions:

A fiscal expansion involves increasing government spending or reducing taxes to stimulate aggregate demand. Under floating exchange rates, a temporary fiscal expansion will have the following effects:

- Output: The fiscal expansion will increase government spending and aggregate demand, leading to an increase in output or GDP.

- Balance of Payments: The increase in output may lead to higher imports, which could worsen the trade balance. However, the expansionary fiscal policy may also attract foreign investors, resulting in capital inflows and an improvement in the financial account of the balance of payments.

3. Temporary Contractionary Monetary Policy:

A contractionary monetary policy involves reducing the money supply or increasing interest rates to reduce **aggregate** demand. Under floating exchange rates, a temporary contractionary monetary policy will have the following effects:

- Output: The contractionary monetary policy will increase borrowing costs and reduce investment and consumption, leading to a decrease in output or GDP.

- Balance of Payments: The decrease in output may lead to lower imports, improving the trade balance. However, the decrease in investment and consumption may also result in reduced foreign investor confidence, potentially causing capital outflows and a deterioration in the financial account of the balance of payments.

4. Temporary Monetary Expansions:

A monetary expansion involves increasing the money supply or reducing interest rates to stimulate aggregate demand. Under floating exchange rates, a temporary **monetary** expansion will have the following effects:

- Output: The monetary expansion will lower borrowing costs and increase investment and consumption, leading to an increase in output or GDP.

- Balance of Payments: The increase in output may lead to higher imports, which could worsen the trade balance. However, the expansionary monetary policy may also attract foreign investors, resulting in capital inflows and an improvement in the financial account of the balance of payments.

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The Container Corporation of America is considering replacing an

automatic painting machine purchased 9 years ago for $700,000. It

has a market value today of $40,000. The unit costs $350,000

annually

### Answers

The cost of the new machine, any expected changes in the annual **operating cost,** and any other **relevant details** about the potential benefits or drawbacks of replacing the machine.

To determine whether it is financially viable to replace the automatic painting machine, we need to compare the costs and benefits associated with the decision. Here's the analysis based on the given information:

Cost of the** current machine:**

The machine was purchased 9 years ago for $700,000. Its current market value is $40,000. Therefore, the cost of the current machine over the 9-year period can be calculated as follows:

Cost of the current machine = $700,000 - $40,000 = $660,000

Cost of the **new machine:**

The cost of the new machine is not provided in the given information. Without this information, it is not possible to make a direct cost comparison between the old and new machines. The cost of the new machine would need to be considered to evaluate its impact on the decision.

**Annual operating cost**:

The given information states that the current machine has an annual operating cost of $350,000. However, it's unclear whether this cost will change with the new machine or if it's specific to the current machine. Additional information would be required to assess the potential operating cost savings or increases associated with the replacement.

**Other considerations:**

Aside from costs, other factors may influence the decision, such as the performance, efficiency, and technological advancements of the new machine compared to the old one. These aspects, along with the expected lifespan of the new machine, should be evaluated to determine its overall value.

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What are the pricing issues that concern marketers,

distributors, and producers or manufacturers? In addition, explain

how companies determine their policies of "low prices" versus their

policies

### Answers

Pricing issues of **concern to marketers**, distributors, and producers/ manufacturers include pricing strategies, market competition, profit margins, customer perception, **cost analysis**, and price elasticity.

Companies determine their policies of "low prices" versus other pricing policies based on various factors. They consider their market positioning, target customers, competitive landscape,** cost structure**, and overall business objectives. A low-price policy can be used to gain market share, attract **price-sensitive** customers, or compete against competitors. However, it may also lead to lower profit margins. Alternatively, companies may adopt higher pricing policies to position themselves as premium brands, competitive advantage, and desired financial outcomes. Continuous analysis of **market dynamics** and consumer behavior helps companies adjust their pricing policies accordingly.

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Crane, Inc. makes computer bags that sell for $30 each. For the coming year, management expects fixed costs to be $237,990. Variable costs are $21 per unit: (a) Compute break-even sales in dollars using the mathematical equation. Compute break-even sales using the contribution margin ratio. Break-even sales $ eTextbook and Media Your answer is correct Compute margin of safety ratio assuming actual sales are $950.500. (Round answer to O decimal ploces, e.8. 20\%) Margin of Safety Ratio Compute the sales required to eam a net income of $163,000, using the mathematical equation. (Round answer to 0 decimal ploces, e. 8. 5.275.) Required sales

### Answers

a. **Break-even sales** in dollars using the mathematical equation: $486,900

b. Break-even sales using the contribution margin ratio: $525,900

c. Margin of safety ratio assuming actual sales are $950,500: 48.28%

d. Sales required to earn a net income of $163,000 using the mathematical equation: $1,241,273

a.** To calculate** the break-even sales in dollars using the mathematical equation, we can use the formula:

Break-even sales (in units) = Fixed costs / (Selling price per unit - Variable cost per unit)

Break-even sales (in dollars) = Break-even sales (in units) * Selling price per unit

Plugging in the given values:

Fixed costs = $237,990

Selling price per unit = $30

Variable cost per unit = $21

After calculating, the break-even sales in dollars using the **mathematical equation** is $486,900.

b. To calculate the break-even sales using the contribution margin ratio, we can use the formula:

Break-even sales = Fixed costs / Contribution margin ratio

Contribution margin ratio = (Selling price per unit - Variable cost per unit) / Selling price per unit

Plugging in the given values:

Fixed costs = $237,990

Selling price per unit = $30

Variable cost per unit = $21

After calculating, the break-even sales using the contribution margin ratio is $525,900.

c. To compute the margin of safety ratio, we use the formula:

Margin of Safety Ratio = (Actual sales - Break-even sales) / Actual sales * 100%

Plugging in the given values:

Actual sales = $950,500

Break-even sales = $486,900

After calculating, the margin of safety ratio assuming actual sales are $950,500 is 48.28%.

d. To determine the sales required to earn a net income of $163,000 using the mathematical equation, we can rearrange the formula for break-even sales:

Sales required = (Fixed costs + Net income) / Contribution margin ratio

Plugging in the given values:

Fixed costs = $237,990

Net income = $163,000

Contribution margin ratio = (Selling price per unit - Variable cost per unit) / Selling price per** unit**

After calculating, the sales required to earn a net income of $163,000 using the mathematical equation is $1,241,273.

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Application Assignment Background Select a Canadian company and evaluate it on the following OB criteria's: OB Application Criteria: (Marks 10) 1. Discuss the importance of valuing diversity and safety. 2. Describe the legality framework for improving organizational behavior at workplace in Canada. 3. Explain the importance of human rights and the implications for Organizational Behavior. 4. Discuss privacy, employment/labour standards, and pay equity and their relevance to Organizational Behavior. 5. Explain the context for workplace health and safety. Critical Thinking Criteria: (Marks 5) 1. "Organizations that value diversity is more likely to meet their employment equity goals." Do you agree or disagree with the statement? Why or why not? 2. On the basis of your knowledge of diverse religious practices, what types of accommodations might an employer be expected to provide.

### Answers

As an AI language model, I cannot evaluate specific companies or access **real-time information.** However, I can provide general **insights regarding** the OB criteria you mentioned.

1.** Valuing Diversity and Safety**: It is important for organizations to value diversity as it fosters a variety of perspectives, ideas, and talents, leading to innovation and better decision-making. Safety is crucial for maintaining a healthy work environment and ensuring the physical and psychological well-being of employees.

2. **Legal Framework for Improving** Organizational Behavior: In Canada, the legal framework includes various statutes and regulations addressing employment standards, human rights, labor relations, and workplace health and safety. These laws provide guidelines and protection for employees, promoting fair and ethical organizational behavior.

3**. Importance of Human Rights**: Human rights are fundamental to organizational behavior, emphasizing equality, dignity, and respect for all individuals. Organizations should strive to create inclusive environments that uphold human rights principles, fostering positive employee experiences and promoting a diverse and inclusive culture.

4. Privacy, Employment/Labour Standards, and Pay Equity: Privacy protection ensures the confidentiality of employee information. Employment and labor standards govern fair employment practices, such as working hours, wages, and benefits. Pay equity aims to eliminate gender-based pay gaps, promoting fairness and equality within organizations.

5.**Context for Workplace **Health and Safety: Workplace health and safety involves creating a safe and healthy work environment, preventing occupational injuries and illnesses, and promoting employee well-being. It includes measures like hazard identification, training, and implementing safety policies and procedures.

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Acme is thinking about the purchase of a new piece of capital equipment that will cost $500,000 and has a useful life of 4 years. The capital equipment will result in cost savings of $150,000 at the end of year 1, $150,000 at the end of year 2, $125,000 at the end of year 3 and $100,000 at the end of year 4. What is the Net Present Value of the capital equipment if ACME's internal cost of capital is 7.5%?

### Answers

The Net Present Value (**NPV**) of the capital equipment with an internal cost of capital of 7.5% is -$7,231.44.

The Net Present Value of the capital **equipment **with an internal cost of capital of 7.5% is -$7,231.44. Net Present Value (NPV) is used to calculate the difference between the present value of cash inflows and the present value of cash outflows over a period of time. It is utilized to assess the profitability of a project or **investment**. The formula for NPV is:NPV = (CF0 / (1 + r)^0) + (CF1 / (1 + r)^1) + (CF2 / (1 + r)^2) + .... + (CFn / (1 + r)^n) Where:CF = Cash Flowr = Internal rate of return (IRR)N = Time periodFor this case, we need to calculate NPV for four years, so n=4.Cash flows:

Year 1 cash inflow = $150,000Year 2 cash inflow = $150,000Year 3 cash inflow = $125,000Year 4 cash **inflow **= $100,000Cost of capital, r = 7.5%Cost of equipment = $500,000NPV = [(150,000 / (1 + 0.075)^1) + (150,000 / (1 + 0.075)^2) + (125,000 / (1 + 0.075)^3) + (100,000 / (1 + 0.075)^4)] - 500,000NPV = $495,369.61 - $502,601.05NPV = -$7,231.44. Therefore, the Net Present Value (NPV) of the capital equipment with an internal cost of capital of 7.5% is -$7,231.44.

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Use the following information for the next four questions. Assessment rate: 40% of market value Millage Rate: 6.5 mils 1. What is the market value of a house that pays a tax of $292.50? O $35,000 O $75,000 O $45,000 $112,500 Assessment rate: 40% of market value Millage Rate: 6.5 mils What is the assessed value of a house that pays a tax of $292.50? O $35,000 O $75,000 O $45,000 O $60,000 What is the tax on a $185,000 house? O $48.10 O $481.00 O $120.25 O $1,202.5 What is the tax on a $185,000 house with a homestead exemption of $10,000 (with the exemption applied to market value)? O $1,137.50 O $48,000 O $416 O $455

### Answers

The **market value** of a house that pays a tax of $292.50 is $45,000. The assessed value of a house that pays a **tax **of $292.50 is $60,000. The tax on a $185,000 house is $1,202.50. The tax on a $185,000 house with a $10,000 homestead exemption applied to market value is $1,137.50.

To calculate the **market value** of a house that pays a tax of $292.50, we need to divide the **tax **amount by the millage rate. In this case, $292.50 / 0.065 (6.5 mils) equals $4,500. However, since the assessment rate is 40% of the market value, we need to divide $4,500 by 0.40 to obtain the market value, which is $45,000.

To determine the **assessed value** of a house that pays a tax of $292.50, we divide the tax amount by the **millage rate**. In this case, $292.50 / 0.065 equals $4,500. Since the assessed value is equal to the market value multiplied by the assessment rate, we divide $4,500 by 0.40 to obtain the assessed value, which is $60,000.

To calculate the tax on a $185,000 house, we multiply the market value by the assessment rate to obtain the assessed value. In this case, $185,000 x 0.40 equals $74,000. Then, we multiply the assessed value by the millage rate. $74,000 x 0.065 equals $4,810. Thus, the tax on a $185,000 house is $1,202.50.

Finally, to determine the tax on a $185,000 house with a $10,000 homestead exemption applied to market value, we subtract the exemption amount from the market value. $185,000 - $10,000 equals $175,000. Then, we follow the same process as before to calculate the tax. $175,000 x 0.40 equals $70,000. $70,000 x 0.065 equals $4,550. Therefore, the tax on a $185,000 house with a $10,000 homestead exemption is $1,137.50.

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Milan realized that his investment from 5 years ago had

increased by 250%. Calculate the quarterly compounded interest rate

earned by his investment

### Answers

Milan's investment earned a quarterly **compounded interest **rate of approximately 4.79% over the 5-year period.

To calculate the quarterly compounded interest rate earned by Milan's investment, we'll use the formula for compound interest:

A = P(1 + r/n)^(nt)

Where:

A = Final amount (including interest)

P = Principal amount (initial investment)

r = Annual interest rate (unknown)

n = Number of compounding periods per year (quarterly compounding, so n = 4)

t = Number of years (5)

We know that the **investment** increased by 250%, which means the final amount (A) is 2.5 times the initial investment (P). So we have:

2.5P = P(1 + r/4)^(4*5)

To find the **quarterly** interest rate (r), we can rearrange the equation:

2.5 = (1 + r/4)^20

Next, we'll isolate the term (1 + r/4) by taking the 20th root of both sides:

(1 + r/4) = 2.5^(1/20)

Now we can solve for r by subtracting 1 and multiplying by 4:

r/4 = 2.5^(1/20) - 1

r = 4 * (2.5^(1/20) - 1)

Using a calculator, we find that r ≈ 0.0479, or 4.79%.

Therefore, Milan's investment earned a quarterly compounded interest rate of approximately 4.79% over the 5-year period.

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Suppose a monopolist is characterized as follows: P = 1200−5Q demand curve for the monopolist C = 8600 + 28Q + Q2 total cost function for the monopolist MC = 28 + 2Q marginal cost function for the monopolist To maximize its profit, the monopolist should produce enter your response here units of output. (Enter your response rounded to two decimal places.) Part 2 The company's profit-maximizing price is $enter your response here. (Enter your response rounded to two decimal places.) Part 3 The monopolist's profit is $enter your response here. (Enter your response rounded to two decimal places.) Part 4 Suppose the government imposes a specific tax of $100 per unit on the monopolist. To maximizeprofit, the monopolist should now produce enter your response here units of output. (Enter your response rounded to two decimalplaces.) Part 5 When the tax is imposed, the monopolist's profit-maximizing price becomes $enter your response here. (Enter your response rounded to two decimal places.) Part 6 As a result of the tax, the monopolist raises its price by ▼ The same amount as the tax More than the amount of tax less than the amount of the tax

### Answers

To maximize its profit, the **monopolist **should produce 239.57 units of output. The profit-maximizing price for the company is $820.86. The monopolist's profit, under these conditions, is $72,702.32. If the government imposes a specific tax of $100 per unit on the monopolist, the firm should now produce 231.31 units of output. The profit-maximizing price in this case becomes $821.31. As a result of the tax, the monopolist raises its price by less than the amount of the tax.

To maximize** profit**, a monopolist considers the relationship between marginal cost (MC) and marginal revenue (MR). In this scenario, the demand curve for the monopolist is given as P = 1200 - 5Q, where P represents price and Q represents quantity. The total cost function is C = 8600 + 28Q + Q^2, and the marginal cost function is MC = 28 + 2Q.

To determine the profit-maximizing level of output, the monopolist equates MR to MC. In this case, MR is the **derivative **of the demand curve, which is -5. Setting MR equal to MC = 28 + 2Q, we can solve for Q, which gives us 239.57 units of output.

To find the corresponding price, we substitute the value of Q into the **demand** curve equation. Therefore, the profit-maximizing price is $820.86.

To calculate the monopolist's profit, we subtract the total cost from the total revenue. Total revenue is given by the price multiplied by the quantity (P * Q), and the total cost is obtained from the total cost function. The resulting profit is $72,702.32.

If a specific tax of $100 per unit is imposed on the monopolist, the marginal cost function becomes MC = 28 + 2Q + 100. To determine the new **profit-maximizing **level of output, we set MR equal to the adjusted MC and solve for Q, which gives us 231.31 units.

The new price is obtained by substituting this value of Q into the demand curve equation, giving us $821.31 as the profit-maximizing price.

As a result of the tax, the monopolist raises its price by less than the amount of the tax. This is because the tax increases the marginal cost, and the monopolist adjusts the price to maintain the equilibrium between MR and MC.

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Laura used to earn $40,000 a year, selling real estate, but she now sells greeting cards, The return to entrepreneurship in the greeting cards industry is $15,000 a year. Over the year; Laura bought $10,000 worth of cards from manufacturers of greeting cards and sold these cards for $61,000. Laura rents a shop for $9,000 a year and spends $2,800 on utilities and office expenses. Laura owns a cash register, which she bought for $2,100 with funds from her savings account. The bank pays 4 percent a year on savings accounts. At the end of the year, Laura was offered $1,400 for her cash register. Laura has explicit costs of dollars.

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Laura incurred explicit costs of $21,828 in her greeting card **business**. Laura incurred **explicit costs** in her greeting card business

Can be calculated by summing up her expenses related to card purchases, shop rent, utilities, office expenses, and the opportunity cost of the cash register.

To calculate Laura's explicit costs, we need to consider the various **expenses** she incurred in her greeting card business:

1. Card Purchases: Laura spent $10,000 to purchase greeting cards from **manufacturers**.

2. Shop Rent: Laura paid $9,000 to rent a shop for her business.

3. Utilities and Office Expenses: Laura spent $2,800 on utilities and office expenses.

4. **Opportunity Cost** of Cash Register: The opportunity cost of using the cash register is the interest that Laura could have earned if she had kept the funds in her savings account. The cash register was purchased for $2,100, and Laura was offered $1,400 for it at the end of the year. Therefore, the opportunity cost is the difference between the **selling** **price** and the initial cost, which is $2,100 - $1,400 = $700. To calculate the interest earned on this amount, we can multiply it by the interest rate of 4 percent: $700 * 0.04 = $28.

Adding up these expenses, Laura's explicit costs can be calculated as follows:

Explicit Costs = Card Purchases + **Shop Rent** + Utilities and Office Expenses + Opportunity Cost of Cash Register

Explicit Costs = $10,000 + $9,000 + $2,800 + $28

Explicit Costs = $21,828

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Review and search online tools to elaborate one actual Company example that highlights the "Total Rewards" and describe in your own words how it is linked to the organization's strategy and success

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One actual **Company** example that highlights "Total Rewards" is Adobe. Adobe is a company that produces software for creative professionals. Total rewards are a set of programs, policies, and practices that companies use to attract, motivate, and retain **employees**.

Total rewards can include base pay, **bonuses**, employee benefits, and work-life programs. The total rewards program at Adobe is based on the company's core values of creativity, community, and sustainability. The program is designed to support the company's business strategy by providing employees with the incentives they need to innovate, collaborate, and produce high-quality products and services.

Adobe's total rewards program is also designed to help employees achieve their personal and professional goals, which is essential to the company's success.

Adobe's total rewards program includes a variety of benefits such as health and wellness programs, flexible work arrangements, education assistance,** employee recognition,** and performance-based incentives. One of the unique aspects of Adobe's program is the "time-off for creativity" policy.

This policy allows employees to take up to one week per year of paid time off to pursue creative endeavors that are not related to their job duties. This policy is designed to encourage employees to explore new creative endeavors, which can help them bring new ideas and insights to their work at Adobe.In conclusion, Adobe's total rewards program is a critical component of the company's **business strategy** and success. The program is designed to attract and retain top talent, support employee development and growth, and promote a culture of innovation and creativity. By investing in its employees, Adobe has created a workforce that is highly motivated, productive, and committed to the company's mission and goals.

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You are strongly of the opinion that interest rates are going to fall within the next six months. Consequently, you are considering investing in a twelve-year treasury bond that is currently trading at a yield to maturity of 3.25%. The bond has a coupon rate of 3.25% and pays coupon interest semi-annually. Your belief is that the yield to maturity on these bonds will fall by 50 basis points to 2.75% within the next six months. What percentage return will you earn if you buy the bonds now and sell them in six months, if your belief is realised? [Enter your answer as a percent with two decimal places. Do not use the percent sign. So, if your answer is 12.45 percent then just enter your answer as 12.45]

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Investing in a twelve-year treasury bond that is currently trading at a yield to **maturity **of 3.25% and pays coupon interest semi-annually and with a **coupon rate** of 3.25% will give a percentage return of 3.27% if yield to maturity falls by 50 basis points to 2.75% within the next six months.

**Yield to maturity **(YTM) is a method used to estimate the potential **return rate** for a bond if held until its maturity date. A fall of 50 basis points will make the YTM to be 2.75%. The **coupon rate** is the rate of interest that a bond issuer pays to a bondholder. The coupon rate of a bond is fixed at the time of issuance and remains constant throughout the bond's life. In this case, the bond has a coupon rate of 3.25% and pays coupon interest semi-annually. Hence, the bond will pay a coupon interest of (3.25/2)% or 1.625% per six months. Bond price can be calculated as the present value of all future coupon payments and the **face value** or the principal amount. Using the YTM formula and the bond's characteristics, the bond price can be calculated to be 107.71. In six months, the bond will have a maturity period of 11.5 years and will have a bond price of 109.85 if the yield falls to 2.75%. Hence, the percentage return from buying the bond now and selling it in six months will be [(109.85 - 107.71) / 107.71] * 100% = 1.99%. Adding the coupon interest of 1.625%, the total percentage return will be 3.27%.

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An investment firm is considering a portfolio of equal weighting in a cyclical stock, CDN and a countercyclical stock, NNP. The firm has $20,000 to invest. It is expected that there will be three economic states: Good, Average, and Bad, each with equal probability of occurrence. The table below shows the percentage return for stocks CDN and= NNP under the different economic states. Using this information please answer the following questions: State of economy Return for stock CDN 12% 5% 1% Good Average Bad Expected return Standard deviation ?? % 4.55% Return for stock NNP -8% 2% 14% 2.67% ?? % a. What is the expected return for stock CDN? b. What is the standard deviation of the returns of stock NNP? c. What is the expected return of this portfolio? Problem #5 You have $200,000 to invest in a portfolio containing Stock ABC and Stock DEF. Your goal is to create a portfolio that has an expected return of 10.4125 percent. If Stock ABC has an expected return of 13.5 percent and Stock DEF has an expected return of 8.75 percent, how much money will you invest in stock DEF?

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We cannot **determine **how much money should be invested in stock def to achieve a specific expected return of 10.

a. the expected return for **stock **cdn is 6%.

based on the given information, the expected return for stock cdn can be calculated by taking the average of the percentage returns for each economic state: (12% + 5% + 1%) / 3 = 6%.

b. the standard deviation of the returns of stock nnp is 9.50%.

the standard deviation **measures **the variability or volatility of the returns. to calculate the standard deviation for stock nnp, we need to find the average of the **squared **deviations from the expected return for each economic state and then take the square root. the calculations yield a standard deviation of 9.50%.

c. the expected return of this portfolio cannot be determined without knowing the weightage of each stock in the portfolio.

the expected return of a portfolio depends on the weightage or proportion of each stock in the portfolio. since the question does not provide the weightage **information**, we cannot determine the expected return of the portfolio.

regarding the second problem, the information provided does not specify any relationship between the expected return and the investment allocation between **stock **abc and stock def. 4125 percent.

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