Tax incentives should be used to support private sector research.
What is private sector?
The area of the economy that is not under state control and is run for profit by people and businesses is known as the private sector. All for-profit companies that aren't owned or run by the government are therefore included. The voluntary sector includes charities as well as other nonprofit organisations, whereas the public sector includes businesses and corporations that are run by the government. The area of a country's economy that is owned, managed, and controlled by private individuals as well as businesses is known as the private sector. The private sector employs more people than the public sector does and has the objective of making money. A new business is established or a public sector organisation is privatised to create a private sector organisation.
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calculate total current manufacturing costs given the following: direct materials cost: $62,000 direct labor cost: $78,000 manufacturing overhead applied: $46,000 actual manufacturing overhead: $51,000 beginning work in process inventory: $32,000 ending work in process inventory: $35,000
The total current manufacturing cost is equal to $186000.
Manufacturing of products and goods involve different types of expenses. These expenses are to be calculated and paid by the manufacturing company in order to maintain the smooth functioning of the manufacturing process. The expenses include labor cost, material cost and many more costs. The formula for calculating the total current manufacturing cost is expressed as
Total current manufacturing cost = Direct material cost + Direct labor cost + Manufacturing overhead applied.
According to the question Direct material cost = $62000, Direct labor cost = $78000 and Manufacturing overhead applied = $46000
Putting the values in expression we get
Total current manufacturing cost = $62000 + $78000 + $46000
Total current manufacturing cost = $186000
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mark has decided to start a business! his dream is finally coming true. as mark explores the world of business formation he takes into account a few things: 1. he has enough money to start the business 2. he doesn't like complicated paperwork and having to hold annual meetings 3. the business he is starting is low risk 4. he doesn't plan on hiring any employees 5. he is not worried about making any profit for the first few years. based on this information, what type of business would be best for mark to form?
The business which is best for Mark is a Sole proprietorship
These enterprises are owned by a single person, who is also in charge of overseeing daily operations. A sole proprietorship is responsible for holding all of the company's resources and any profits. They also accept full accountability for all of their commitments and debts. This option has the least complicated, fuss-free construction available. The owner is qualified to receive all business profits.
A sole proprietorship is simple to run and reasonably simple to set up. One person owns the business, hence that person also makes all choices. Thus Mark will own the business and the decisions can be made without meetings or votes. He will also earn all the profits generated and will have unlimited liability for losses or debts. The lack of excessive paperwork and the ability to choose the personnel are further benefits.
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starbucks ceo howard schultz has made sure his employees have health insurance and work in a positive environment. he could best be described as which type of leader?
Starbucks CEO Howard Schultz has made sure his employees have health insurance and work in a positive environment. He could be described as Servant Leader.
An effective strategy that complements Starbucks business model is servant leadership. The current corporate culture has enhanced this management approach. To contribute value to the company, leaders coach and guide their employees. When consumers use high-quality goods and services, they are also taken into account and given authority.
The goal of servant leadership is to realize a vision through strongly empowering the workforce. Employees are empowered by servant leadership. However, the leader doesn't just vanish. Open forums were launched by the company a number of years ago to enhance manager-employee communication. Starbucks executives are constantly prepared to respond to the requirements of the company's constituents, including its customers, workers, and communities. Additionally, the organization fosters a culture that actively works to advance both employee empowerment and diversity.
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a small county wants to increase its real gdp from $18,000 to $36,000. if they want this to happen in 5 years, what rate of growth do they need to have each year?
The country needs a growth rate of 10% every year.
What is the Growth Rate?The annual growth rate is a helpful indicator of investment patterns. In a poll of nearly 200 senior marketing managers, The Marketing Accountability Standards Board found that 69% of respondents thought the average annual growth rate was a meaningful indicator. The preceding year is the starting point for the algorithm used to determine the annual growth rate. The compound annual growth rate (CAGR) is typically regarded as an appropriate statistic for determining average growth rates across longer time frames.
Difference in GDP = $36,000 - $18,000
Difference in GDP = $18,000
then the rate = 18000 /36000 × 100
rate = 50%
this rate is to be acquired in 5 years
hence for every year = 50% / 5 = 10%
Hence, the growth rate every year should be 10%
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what accounting treatment applies when a parent sells some of its subsidiary's shares, but nonetheless retains control over the subsidiary? multiple select question. the parent recognizes any difference between the proceeds and the underlying carrying amount of the shares sold as an adjustment to apic. the sale of the subsidiary shares is considered a transaction within the consolidated entity. the parent recognizes in its current year income statement either a gain or loss on the subsidiary shares sold.
The parent recognizes any difference between the proceeds and the underlying carrying amount of the shares sold as an adjustment to apic and the sale of the subsidiary shares is considered a transaction within the consolidated entity are the accounting treatment applies when a parent sells some of its subsidiary's shares, but nonetheless retains control over the subsidiary.
Therefore, the correct option is A &B.
A parent derecognizes the assets and liabilities of a former subsidiary from the consolidated statement of financial position if the parent no longer has control over the subsidiary. In order to account for the group's purchase of subsidiaries, the acquisition technique of accounting is utilized. The cost of an acquisition is calculated as the fair value of the assets transferred, equity securities issued, and obligations incurred or taken at the date of exchange.
When a parent company makes an "investment" in a subsidiary, it records it as an asset. The subsidiary, meanwhile, records the corresponding equity as equity on its own books. In order to avoid overstating the sums when the firms are combined, an elimination entry must be created to remove these amounts.
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flower co., which is operating at capacity, desires to add a new service to its rapidly expanding business. the service should be added as long as service revenues exceed:
As long as service revenues outweigh the total of variable costs and any associated opportunity costs, the service should be added.
What is the sum of all variable costs associated with each individual product?The total of all the variable costs for each distinct product you developed is your total variable cost. By dividing the price to produce one unit of your product by the number of products you have created, you can determine the total variable cost.Costs that change as the volume changes are known as variable costs. Raw materials, piece-rate labor, production supplies, commissions, delivery costs, packaging costs, and credit card fees are a few examples of variable costs. The "Cost of Goods Sold" is the name given to the variable costs of production in some accounting statements.To learn more about : Variable costs
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market value ratios lab r doors' year-end price on its common stock is $55. the firm has a profit margin of 11.5%, total assets of $30 million, a total asset turnover ratio of 2.00, no preferred stock, and there are 4.0 million shares of common stock outstanding. what is the pe ratio for lab r doors? (do not round intermediate steps.) multiple choice 31.884 0.273 14.493 0.546
The pe ratio for labor doors = 31.884
Option A is correct
Common stock is a form of commercial equity power, a type of security. The terms advancing share and ordinary share are also used constantly outside of the United States. They're known as equity shares or ordinary shares in the UK and other Commonwealth realms
Simplification :Working:
a. Sales = Assets x Asset turnover ratio
= $ 30 x 2
= $ 60 Million
b. Net Income = Sales x Profit margin
= $ 60 x 11.5%
= $ 6.9 Million
c. Earning per common stock = Net Income/ Number of common stock
= $ 6.9 / $ 4.00
= 1.725
d. PE Ratio = Price per common stock/Earning per common stock
= $ 55.00 / $ 1.725
= 31.884
Profit Margin :Profit margin is a measure of profitability. It's calculated by changing the profit as a chance of the profit. There are 3 types of profit perimeters gross profit margin, operating profit periphery and net profit periphery. Gross Profit margin is calculated as gross profit divided by net deals.
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if marriott used a single corporate hurdle rate for evaluating investment opportunities in each of its lines of business, what would happen to the company over time?
The company would begin to commence more risky opportunities over time.
This is due to the possibility that a single corporate hurdle rate used to assess investment opportunities may not be reliable. Choosing an incorrect risk premium might be a concern in the hurdle rate calculation.
What is risk in investment?
Any investment-related uncertainty that has the potential to have a negative influence on your financial well-being is referred to be a risk.
For instance, market conditions could influence the value of your investment to increase or decrease (market risk).
What are the types of investment risk?
Common types of investment risk are:
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the combination of store design, layout, and product display knowledge to create store environments that help convince customers to buy is called . group of answer choices merchandisin
The combination of store design, layout, and product display knowledge to create store environments that help convince customers to buy is called E-Commerce.
What is E-Commerce?
The action of electronically purchasing or reselling goods using online services via the Internet is known as e-commerce (or electronic commerce). Mobile commerce, electronic funds transfers, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data gathering systems are just a few of the technologies that are used in e-commerce. The greatest sector of the electronics industry, e-commerce is fueled by the technological developments of the semiconductor sector
What are the types of e-commerce?
There are three main types of e-commerce:
business-to-business (B2B) (websites such as Shopify)business-to-consumer (B2C) (websites such as Amazon)consumer-to-consumer (C2C) (websites such as eBay)To learn more about e-commerce from the given link
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acme inc produces specialized instrument for specific use. the production rate is 789 units per day. annual demand for the instrument is 77,941 units per year. the setup cost for the production run is $723, and the variable cost is $72.18 per unit. acme inc interest rate is 21.08% per year. assume that there are 335 working days per year. what is the proportion of uptime, t1, in days for this specialized instrument?
The uptime ratio in days for this particular tool is 0.2948.
Uptime is the amount of time a system has been operationally sound and available for use. It is a sign of the operating system's and the computing infrastructure's stability and dependability.
The entire demand for all commodities and services in an economy across all marketplaces for specific items is referred to as aggregate demand. The term "available capacity" refers to the area between the required and intended operational capacities.
Uptime ratio = total demand ÷ total available capacity
Total demand = 77941 units per year
Total capacity = daily production rate × no. of days in a year
= 789 × 335
= 264315
Uptime ratio = total demand ÷ total available capacity
= 77941 ÷ 264315
= 0.2948
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an agreement between a debtor and two or more creditors who agree to accept a stated percentage of their liquidated claims against the debtor at or after the due date, in full satisfaction of their claims is a(n):
An agreement between a debtor and two or more creditors who agree to accept a stated percentage of their liquidated claims against the debtor at or after the due date, in full satisfaction of their claims is Composition Agreement.
An out-of-court arrangement known as a "composition agreement" allows a debtor and a number of creditors to reduce or postpone payment of the debtor's obligations to those creditors.
For debtors with a small number of creditors and good connections with them, a composition agreement may be a smart choice. Additionally, when a debtor's creditors have a stake in the debtor's continuous survival, it is far more probable that a composition agreement would be successfully negotiated.
A debtor with a sizable number of dispersed creditors who don't care about the business's continuing existence would probably have trouble negotiating a composition agreement.
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consider a restaurant with a capacity-constrained process. what will the impacts on the revenue be if processing time for the bottleneck resource is reduced by 10% while everything else remains the same?
Consider a restaurant with a capacity-constrained process Higher revenue and profits will the impacts on the revenue be if processing time for the bottleneck resource.
What's a capacity constrained resource?A capacity constraint resource( CCR) is the weakest link in a particular process. There are a number of coffers that can limit overall product capacity in a business setting, including workers, available inventories or outfit capabilities.
What's resource constrained?Resource constraints do when design directors don't have enough coffers to meet the demands and outgrowth of a design. A design may face limited coffers in terms of mortal coffers, accoutrements , outfit, or finances.
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kelso electric is an all-equity firm with 55,250 shares of stock outstanding. the company is considering the issue of $375,000 in debt at an interest rate of 9 percent and using the proceeds to repurchase stock. under the new capital structure, there would be 34,500 shares of stock outstanding. ignore taxes. what is the break-even ebit between the two plans?
Break even EBIT between two plans = $89864.46
What is EBIT?
EBIT (earnings before interest and taxes) is a measure of a company's profitability. EBIT is calculated as revenue less expenses minus tax and interest. Able to operate earnings, operating profit, and financial gains before interest and taxes are other terms for EBIT. EBIT is synonymous with operating income because it measures the profit generated by a company's operations. EBIT focuses exclusively on a company's ability to generate income from operations by ignoring variables such as tax burden and capital structure by ignoring taxes and interest expense. EBIT is a particularly useful metric for determining a company's capacity to generate enough earnings to be lucrative, pay down debt, and fund current operations.
All Equity firm
Earning per share (EPS) = EBIT ( 1- tax ) / number of shares outstanding
EPS = EBIT(1-0)/ 55250
EPS= EBIT/55250
Plan 2: Debt - Equity firm
EPS = (EBIT- Interest) (1-tax) / number of shares outstanding
EPS= (EBIT- 375000*9%)(1-0)/34500
EPS= (EBIT-33750)/34500
At break even level of EBIT
EBIT/55250 = (EBIT-33750)/34500
34500EBIT= 55250*EBIT-1864687500
1864687500= EBIT(55250-34500)
EBIT= 1864687500/20750= $89864.46
Break even EBIT between two plans = $89864.46
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all of the following are reasons companies use promotion except multiple choice stabilize sales. stimulate demand. make customers forget about other products. inform customers. reinforce customers.
The reasons companies use promotion are the following except to make customers forget about other products (option C)
What is a promotion?Generally, The term "promotion" encompasses a wide range of activities with the goal of bringing more attention to a product or furthering its standing in the market.
When discussing a person's employment history, the phrase "promotion" refers to the process of elevating an employee's rank or position within a hierarchical structure.
The primary objective of promotion is to raise consumers' awareness of the presence of items and their respective locations in the market.
Promotion may also be used to convince consumers that the product is superior to similar items offered by competitors and to remind them of the reasons they would want to make a purchase.
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medwig corporation has a dso of 41 days. the company averages $6,750 in sales each day (all customers take credit). what is the company's average accounts receivable? assume a 365-day year. round your answer to the nearest dollar.
The average accounts receivable is determined by dividing by two the total starting and ending receivables for a predetermined time period (often monthly, quarterly, or annually). The accounts receivable turnover ratio is a tool used in financial modelling to forecast balance sheets.
Explain about the average accounts receivable?High or increasing percentages are a sign that the revenue cycle management in your practice may need some work. Less than 12% is preferred, however the number of receivables older than 120 days should range between 12% to 25%.
Companies should aim for a ratio of at least 1.0 to ensure they collect the whole amount of average accounts receivable at least once during a period. In general, a greater accounts receivable turnover ratio is advantageous.
Average receivables are calculated by dividing the total beginning and ending receivables over a given period of time (such as monthly or quarterly) by 2.
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using the aggregate production function above, what would the employment level have to be in order to produce an output level of $12,300 billion real gdp?
The employment level has to be in order to produce an output level of $12,300 billion real GDP would be 140 million.
What is GDP?The phrase used to gauge a nation's economic standing is real GDP.
Real growth in the nation's output of goods and services is what determines the country's real GDP.
Rising employment levels result in rising real GDP numbers for the nation.
In addition to serving as a general indicator of economic success, GDP is frequently utilized in international comparisons. It is frequently referred to as the "most potent statistical measure of national development and progress in the world." Critics of the growth imperative, however, frequently assert that GDP statistics were never intended to assess progress and omit important additional externalities, such as resource extraction, environmental effect, and unpaid domestic work.
As is demonstrated, According to the graph, below
140 million people per year, or point C in the following graph, are needed to create an output level of $12,300 billion in real GDP. The criteria for the other three will not be met.
So, in order to create an output level of $12,300 billion real GDP, 140 million jobs are needed.
Hence,140 million is the answer.
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the change in total output resulting from a one-unit increase in the quantity of an input used, holding the quantities of all other inputs constant, is:
marginal product is the correct answer .
What is marginal product ?
This connection is calculated using the marginal product method by dividing the entire change in output by the total change in a certain input. In other words, when the total product curve is plotted with the specific kind of input on one axis and the amount of production on the other, MP is equal to the slope of the curve.
It's crucial to maintain all other inputs identical and just study one input at a time. Each input is segregated in this manner, allowing for adequate testing. Additionally, remember that MP is quantified in physical quantities. The concept of a fraction of an input does not exist.
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in which item category would the sourcing strategies of ensuring availability of supply, focusing on relationship building, encouraging process integration and innovation, frequent communications, and establishing mutually agreeable supplier performance criteria, be appropriate? in which item category would the sourcing strategies of ensuring availability of supply, focusing on relationship building, encouraging process integration and innovation, frequent communications, and establishing mutually agreeable supplier performance criteria, be appropriate? non-critical items leverage items bottleneck items strategic items
The category in which the sourcing strategies of ensuring availability of supply, focusing on relationship building, encouraging process integration and innovation, frequent communications, and establishing mutually agreeable supplier performance criteria, would be appropriate is referred to as: strategic items.
What is supply chain management?Supply chain management and it can be defined as an effective and efficient management of the flow (supply) of goods and services, as well as all of the production processes that are involved in the transformation of raw materials into finished products, in order to meet the insatiable want and need of the consumers on a timely basis.
This ultimately implies that, the supply chain management (SCM) is a strategic process which encompasses all of the activities that are associated with planning, innovation, execution, frequent communications, and supply of finished goods and services to the consumers on a timely basis.
In conclusion, the sourcing strategies of ensuring availability of supply that is described above is known as strategic items.
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union local school district has a bond outstanding with a coupon rate of 3.5 percent paid semiannually and 13 years to maturity. the yield to maturity on this bond is 2.5 percent, and the bond has a par value of $10,000. what is the dollar price of the bond? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Bond Price is the addition of the current values of all anticipated money flows from the time of purchase till maturity. To make the bond worth, the expected money flows area unit discounted victimization of the bond yield, that is, the required rate of coming by the bondholders.
The correct answer is $10718.63.
Bond Price = C x (1-(1+r)-n/r) + F/(1+r)n
=$10000 x(1-(1+0.035)-13/0.035) + $10000/(1+0.035)13
=$10718.63
F is the bond's face worth or face value, and r is its yield to maturity (YTM).
n is the range of periods till maturity.
If you buy a bond promptly, its face worth will be its worth, and its yield will be adequate for its coupon rate. Alternatively, if you buy a bond with a three-year charge per unit of I Chronicles, you may receive simply that.
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a commercial bank sells a treasury bond to the federal reserve for $100,000. the potential money supply: multiple choice decreases. increases. is unaffected by the transaction.
A commercial bank sells a treasury bond to the federal reserve for $100,000 the potential money supply, increases.
What is the potential for making money?The process through which a nation, or an economic or monetary region, increases its money supply is known as money creation, sometimes known as money issuance. When a country's money supply is measured, the entire amount of cash and other liquid assets that are in circulation are referred to as the money supply. The following are the formulas for calculating changes in the money supply. First, Money Multiplier equals Reserve Ratio / 1. Use the equation Change in Money Supply = Change in Reserves × Money Multiplier to get the maximum change in the money supply.
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Imagine you are an entrepreneur in a market economy. You want to connect with potential customers who would benefit from your unique product. What is an example of a unique product in a market economy? What is the role of voluntary exchange, economic utility, and specialization in the transactions you hope to establish to sell this product? Explain each concept and its role.
The role of voluntary exchange in the transaction is that its facilitate freely trading of goods or services
The role of economic utility in the transaction is that the consumer's satisfaction from using a product will drive further sales.
How do we explain Market Economy & Voluntary Exchange?Basically, a market economy refers to an economy based on capitalism, that is, an economy whereby the goods and services are freely exchanged on an open market. The value of the outputs is mostly determined solely by market interaction between producers and consumers by a concept known as voluntary exchange. That leads us to the fact that the key principles of a market economy is the principle of voluntary exchange.
In economics, the Voluntary Exchange Principle is based on the consumers and producers acting in their self-interest, that is, the voluntary exchange between a consumer and a producer makes both parties better off than they were before the exchange.
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if a farm has nfio of $100,000, and an opportunity cost total of $25,000, what is the farm's return to equity? (round to the nearest cent. do not include commas or dollar signs) selected answer: 75000 correct answer: 75,000 answer range /- 0 (75000 - 75000 )
The return to equity is $75000
Another form of financial ratio is the return on equity. Financial ratios are data taken from a firm's financial statements and used to predict and draw specific conclusions about the organization.
Relative return on equity is a tool used to forecast a company's profitability. It evaluates how effectively people employed in any business have used the money that has been invested.
Since the farm has Nfio of $100,000 and an opportunity cost total of $25,000.
Therefore,
Return on equity -
Net Farm Income from Operations - Opportunity cost
= 1,00,000 - 25,000
= 75,000
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if keynes' law applies during economic contractions and say's law applies during economic expansion, how will the three goals of macroeconomics be affected?:principles of macroeconomics
If Keynes's law applies during economic contractions and Say's law applies during economic expansion, the way in which the three goals of macroeconomics would be affected is that: trade-offs and connections may differ in the short run and the long run.
What is macroeconomics?Macroeconomics can be defined as a study of all the behaviors, performances, and factors that affect the entire economy. This ultimately implies that, macroeconomics typically focuses on aggregate phenomena such as the following:
Gross Domestic Product (GDP).InflationPrice levelEconomic growth.According to the law established by John Maynard Keynes, demand is an economic factor which creates its own supply. Additionally, the way in which the three (3) goals of macroeconomics would be affected are as follows:
Trade-offs may differ in the short run. Connections may differ in the short run.Connections may differ in the long run.Trade-offs may differ in the long run.Read more on macroeconomics here: https://brainly.com/question/29035217
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Complete Question:
If Keynes's law applies during economic contractions and Say's law applies during economic expansion, how will the three goals of macroeconomics be affected?
determinates of total supply for the economy will be traded-off
trade-offs and connections may differ in the short run and the long run
institutional and market structures will connect factors of production
the economy will face genuine limits to how much can be produced
What is the term for the act that businesses commit when they agree to set prices and increase their control of the market share?.
Across various market types, collusion can take many distinct forms. Groups as a whole get an unfair edge in each case. Price fixing is one of the most popular forms of collusion.
When organizations or people band together to manipulate a market or pricing for their own gain, this is called collusion. Price manipulation, coordinated advertising, and the sharing of insider knowledge are examples of collusion.
Collusion is discouraged by whistleblower and antitrust laws. Price fixing happens when a given supplier market has a small number of firms, a situation known as an oligopoly. This small group of companies collaborate to establish the pricing for the same product they both sell.
Companies synchronizing their marketing campaigns run the risk of engaging in collusion. For an added benefit, the cooperating businesses in this scenario might want to restrict the consumers' understanding of a good or service.
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suppose you will need $12000 in 3 years. how much must you invest per month in order to have $12000 if money earns an annual rate 6% compounded monthly? how much of the $12000 is interest?
If you want to have $12000 in 3 years, you need to invest $ 305.06 each month. The interest you will earn is $1017.7.
The formula for the future value of an annuity is given by:
FV = C [(1 + r)ⁿ - 1] / r
Where:
r = interest rate per period
n = number of periods
C = amount of each annuity payment
Parameters given:
FV = 12,000
r = 6%/12 = 0.005
n = 3 years x 12 = 36 months
Plug these parameters into the formula:
12,000 = C [(1 + 0.005)³⁶ - 1] / 0.005
C = 60 / 0.1967 = 305.06
Hence, you need to deposit $305.06 per month.
The amount of interest = Future value - total deposit
= 12,000 - (305,06 x 36)
= 1017.7
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a company needs to produce 400 units per day (the day is defined as 12 hours of production). there are three tasks to be completed, with a total task time for all three tasks of six minutes. the company should have:
The company should have 4 workstations.
What is task or process time?Process lag time (PLT), often known as Little's Law, is the amount of time it takes an item to complete a process from the moment it enters until it exits. The processing time at each workstation is added to any waiting or queue time that may have occurred.
Total units to be produced in a day = 400
Time taken to produce 1 unit = 6 minutes
Total minutes in a day = 720
Break time spread in a day = 60
Net minutes in a day for production = 660
One unit/day = net minutes for production/ Total time taken to produce 1 unit
= 660/6 = 110
Therefore one workstation can produce 110 units in day
So to complete 400 units in a day, we need 3.6, i.e. 4 workstations
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knowing that even the most sophisticated techniques of analysis cannot make up for poor data, the researcher must attempt, however, to choose a survey method that achieves the client's budget restrictions and resources. true false
This Statement is False.
Working with algorithms, mathematical analysis tools, and software are frequently used in quantitative data analysis methodologies to modify data and unearth insights that show the commercial value.
The 5 methods for performing statistical analysis
Mean.Standard deviation. Regression.Hypothesis testing.Sample size determination.1. Mean: By dividing the sum of the all numbers of in the given data set by the entire number of numbers.
2. Standard deviation: The degree of data dispersion from the mean is indicated by the standard deviation.
3. Regression: A dependent variable is connected to one or more independent variables using the statistical method of regression.
4. Hypothesis testing: A type of statistical inference known as hypothesis testing uses data from a sample to make inferences about a population parameter or population probability distribution.
5. Sample size determination: A type of statistical inference known as hypothesis testing uses data from a sample to make inferences about a population parameter or population probability distribution.
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suppose the united states is more productive than china at making both t-shirts and cell phones. the theory of comparative advantage suggests that consumption in both countries will:
Production of clothing is a planned operation that includes a series of steps including laying, marking, cutting, stitching, checking, finishing, pressing, and packaging. Raw resources are transformed into finished goods through this process.
Who produces shirts with a comparative advantage?States of America : In terms of creating shirts, the US has a comparative edge. Creating one shirt costs the United States 1/3 boot in opportunity costs, but making one shirt costs one boot in Canada.The U.S. has an absolute advantage in shirt production since a U.S. worker can produce more shirts than a Chinese worker.Which city is more advantageous than others in producing each color of sock? Because a worker in Boston produces more (3 pairs of socks per hour) than a worker in Chicago, Boston has a clear edge in the manufacture of both types of socks (2 pairs of red socks per hour or 1 pair of white socks per hour).Similar to this, producing one extra shirt in China costs 1/100 worker years, which means that 0.1 fewer computers would be produced. Therefore, 0.1 computers represent the pertinent opportunity cost in China. (a) Assume that China and America each have 100 employees.However, the harmful effects don't start until the fibers are grown. After the dyeing process, the process of turning the cotton into yarn requires a lot of energy and is the second-highest contributor to carbon pollution throughout the lifecycle of a t-shirt. The fabric used to create the t-shirt is then knit using the cotton yarn.To Learn more About Production refer to:
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on january 1, year 1, miller company purchased equipment for $36,000. residual value at the end of an estimated six-year service life is expected to be $8,000. the company uses the double-declining balance method. for how much would each item below be reported at the end of year 2?
The item that would be reported at the end of year 2 after depreciation will be at $8,000
Finding the rate of depreciation -
= Year one/The useful life of the equipment
= 1/6
= 0.166
As per the double declining method -
The rate is double = 0.333%
In year 1,
Original cost is $36,000, so the depreciation is $12,000 after applying the 33.33% depreciation rate
In year 2 -
(36,000 - 12,000) × 33.33%
= 24,000 × 33.33%
= 7999.2 or
= 8,000
The depreciation expense is $8,000
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the two major avenues for achieving low-cost leadership are both accomplished by focusing on the company's multiple choice question. target pricing. market share. level of product or service differentiation. value chain activities.
The major avenues for achieving a cost advantage over rivals include:
performing value chain activities more cost-effectively than rivals or revamping the firm's overall value chain to eliminate or bypass some cost-producing activities.What is meaning of low-cost leadership?
The goal is to manufacture (or acquire) comparable goods or services for less money than its rivals. The bulk of buyers will be drawn in by the cheaper price, and it will be profitable based on the quantity of goods sold.
The additional costs spent by manufacturing more units of an item or service are known as marginal costs. By dividing the overall change in the cost of manufacturing additional items by the change in the quantity of goods produced, it is determined.
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