For each of the following production functions and quantity wished to produce, given a fixed capital amount equal to 1, what is the amount of labor that minimizes costs? (Answer as a whole number, no decimals included; if impossible, answer NA)
A) q=K+L, 10:
B) q=min {20K, 10L), 10:
C) q=min (20K, 10L), 40:
D) q=K L. 5:

Answers

Answer 1

For each of the given production functions and quantity wished to produce, we need to find the amount of labor that minimizes costs.

A) The amount of labor that minimizes costs is 9.
B) The amount of labor that minimizes costs is 1.
C)The amount of labor that minimizes costs is 1.
D)the amount of labor that minimizes costs is 5.

A) q=K+L, 10:
In this production function, the quantity (q) is equal to the sum of the capital (K) and labor (L) inputs.

Given a fixed capital amount equal to 1, we want to find the amount of labor that minimizes costs when the quantity is 10.
Since the capital is fixed at 1, the equation becomes 10 = 1 + L.

Solving for L, we subtract 1 from both sides: L = 10 - 1 = 9.

Therefore, the amount of labor that minimizes costs is 9.

B) q=min {20K, 10L), 10:
In this production function, the quantity (q) is the minimum value between 20 times the capital (K) and 10 times the labor (L) inputs.

Given a fixed capital amount equal to 1, we want to find the amount of labor that minimizes costs when the quantity is 10.
Since the capital is fixed at 1, the equation becomes 10 = min {20 * 1, 10L}.

Simplifying, we have 10 = min {20, 10L}.


To minimize costs, we need the minimum value of 20 and 10L to be equal to 10.

Since 20 is greater than 10, the minimum value will be 10L.

Therefore, we have 10L = 10, and solving for L, we divide both sides by 10: L = 10/10 = 1. The amount of labor that minimizes costs is 1.

C) q=min (20K, 10L), 40:
In this production function, the quantity (q) is the minimum value between 20 times the capital (K) and 10 times the labor (L) inputs.

Given a fixed capital amount equal to 1, we want to find the amount of labor that minimizes costs when the quantity is 40.
Since the capital is fixed at 1, the equation becomes 40 = min (20 * 1, 10L).

Simplifying, we have 40 = min (20, 10L).
To minimize costs, we need the minimum value of 20 and 10L to be equal to 40.

Since 20 is less than 40, the minimum value will be 20. Therefore, we have 20 = 10L, and solving for L, we divide both sides by 10: L = 20/10 = 2.  

The amount of labor that minimizes costs is 2.

D) q=KL, 5:
In this production function, the quantity (q) is equal to the product of the capital (K) and labor (L) inputs.

Given a fixed capital amount equal to 1, we want to find the amount of labor that minimizes costs when the quantity is 5.
Since the capital is fixed at 1, the equation becomes 5 = 1 * L. Solving for L, we divide both sides by 1: L = 5.

Therefore, the amount of labor that minimizes costs is 5.

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Related Questions

2-3 paragraphs
Your assignment is to write an article that could be published in the paper about the good in family life today- not about one family in particular though. Your submission can take any form you would like a news article, sport story, personal column, Joe Blundo-type, even artsy.

Answers

Family life today: The Importance of Family in Society Family is the cornerstone of society, and it's no surprise that family life today is still an important aspect of our daily lives. With the ever-changing landscape of society, family life has also undergone significant changes. However, despite these changes, there are still many positive aspects of family life that continue to be relevant in today's society.

One of the most important aspects of family life today is the sense of belonging that it provides. Family life provides a sense of connection and belonging to an individual. It is a place where people can be themselves, and it provides a sense of stability in a world that is constantly changing. Family life today also provides a sense of support and comfort during challenging times. When someone is struggling, their family is often the first place they turn for help. The emotional support that a family provides is invaluable in helping someone overcome difficulties. Family life today also provides a sense of tradition and culture.

Families are often the keepers of family traditions and customs that are passed down from generation to generation. These traditions provide a sense of identity and belonging to the family members. They also help to strengthen the bond between family members as they participate in these traditions together.Another important aspect of family life today is the opportunity for personal growth and development. Families provide a safe and nurturing environment where individuals can learn and grow. Parents, in particular, play a crucial role in guiding their children's growth and development. They provide a framework for moral and ethical behavior, which helps children develop into responsible and productive members of society.In conclusion, family life today is an important aspect of society. It provides a sense of belonging, support, tradition, and personal growth.

Families are the building blocks of society, and they play a crucial role in shaping the future of our communities. As society continues to evolve, it's essential that we recognize the importance of family life and work to support and strengthen families in our communities.

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Approximately one week after the summer semester began, the Federal Reserve announced they were intending to increase the Federal Funds (FF) rate by 75 basis points, or 0.75% (e.g., 2% to 2.75%). In order to make this happen, they will need to position the IORB rate 1. (above or below) the current Federal Funds rate. This would entice banks to 2. (withdraw or deposit) funds into their account at the FED and 3. (lend or borrow) funds to/from the FF market. This would lead to a(n) 4. (increase or decrease) in consumption and investment and thus a(n) 5.(increase or decrease) in overall price level.

Answers

The overall effect on the price level is less clear and depends on various factors. Generally, an increase in interest rates can potentially lead to a decrease in overall price level due to reduced borrowing and spending, which can dampen inflationary pressures in the economy.

In order to make the Federal Funds (FF) rate increase happen, the Federal Reserve will need to position the IORB (Interest on Reserves) rate above the current Federal Funds rate.

This would entice banks to deposit funds into their account at the FED, as the IORB rate represents the interest they can earn on their reserves held at the central bank.

It would also lead banks to lend funds to the FF market, as the higher IORB rate makes it more attractive for them to keep excess reserves and lend them out to other banks.

As a result of the increase in the FF rate and the subsequent actions by banks, there would likely be a decrease in consumption and investment. Higher interest rates typically make borrowing more expensive, leading to reduced spending and investment.

However, the relationship between interest rates and prices is complex and influenced by other factors such as the state of the economy and monetary policy goals.

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Fujita, Incorporated, has no debt outstanding and a total market value of $180,000. Earnings before interest and taxes, EBIT, are projected to be $11,000 if economic conditions are normal. If there is strong expansion in the economy, then EBIT will be 10 percent higher. If there is a recession, then EBIT will be 20 percent lower. The company is considering a debt issue of $60,000 with an interest rate of 5 percent. The proceeds will be used to repurchase shares of stock. There are currently 6,000 shares outstanding. Ignore taxes for this problem. Assume the stock price is constant under all scenarios

Answers

The value per share of Fujita, Incorporated is $30, regardless of the economic conditions and the proposed debt issue and share repurchase.

Fujita, Incorporated has no debt outstanding and a total market value of $180,000. Considering the current number of outstanding shares at 6,000, the value per share is calculated as Market Value / Number of Shares, which is $180,000 / 6,000 = $30. Although different economic scenarios are provided, including normal conditions, strong expansion, and recession, the value per share remains constant at $30. The proposed debt issue of $60,000 with a 5% interest rate, along with the share repurchase, does not affect the value per share in this specific scenario. Therefore, regardless of economic conditions and the debt issue, the value per share for Fujita, Incorporated remains unchanged at $30.

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A taxpayer earned wages of $44,500, received $520 in interest from a savings account, and contributed $7100 to a tax -deferred retirement plan. He had itemized deductions totaling $6190, which is less than the standard deduction of $12,550 for his filing status.

Answers

The taxpayer should claim the standard deduction of $12,550 for his filing status.

To determine the taxpayer's taxable income, we need to calculate the adjusted gross income (AGI) and subtract the deductions.

The taxpayer's wages were $44,500, and he received $520 in interest from a savings account. Therefore, his AGI is $44,500 + $520 = $45,020.

The taxpayer also contributed $7,100 to a tax-deferred retirement plan. Contributions to such plans are deductible, which means they can be subtracted from the AGI to arrive at the taxable income.

To calculate the taxable income, we subtract the deductions from the AGI. In this case, the taxpayer had itemized deductions totaling $6,190, which is less than the standard deduction of $12,550 for his filing status.

Taxable income = AGI - Deductions

If the taxpayer's itemized deductions are less than the standard deduction, it is more beneficial for him to claim the standard deduction. Therefore, the taxpayer should claim the standard deduction of $12,550.

The taxpayer should claim the standard deduction of $12,550 for his filing status because his itemized deductions are less than the standard deduction amount. This will help reduce his taxable income and potentially lower his overall tax liability.

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The 2008 annual report of Bessemer Steel disclosed the following information relating to the company’s construction projects, debt, and interest cost (in thousands of dollars):
Construction in progress (relating to a component of property, plant, and equipment increased from P63,889 to P80,876 in 2008.Interest capitalized in 2008 of P5,674 was disclosed in the footnotes of the companies financial statements.Interest-bearing debt outstanding at the end of 2007: P190,000 of 9.5 percent notes, P135,000 of 11.125 percent notes, and P32,350 relating to a line of credit with an interest rate of 9%. Required:
Based on the information provided in the annual report, estimate the amount of interest to be capitalized in 2008. Give reasons why your estimate differs from the amount reported by the company. Assume that the construction payments were made uniformly during the year.

Answers

The company reported P5,674 of interest capitalized in 2008. The difference between our estimate and the reported amount could be due to several factors, such as rounding differences, different calculation methods, or adjustments made by the company based on specific accounting principles or policies.

To estimate the amount of interest to be capitalized in 2008, we need to calculate the weighted average interest rate for the interest-bearing debt outstanding at the end of 2007.

First, calculate the total interest-bearing debt outstanding at the end of 2007:
P190,000 + P135,000 + P32,350 = P357,350

Next, calculate the weighted average interest rate:
((P190,000 * 9.5%) + (P135,000 * 11.125%) + (P32,350 * 9%)) / P357,350 = 10.097%

Now, we can estimate the amount of interest to be capitalized in 2008 using the formula:
Interest capitalized = Construction in progress * Weighted average interest rate

Construction in progress increased from P63,889 to P80,876 in 2008, so the average construction in progress for the year is (P63,889 + P80,876) / 2 = P72,382.5

Interest capitalized in 2008 = P72,382.5 * 10.097% = P7,305.83

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the construction of hsr can increase the income level of urban residents and, thus, promote the rise in housing prices.

Answers

The construction of High-Speed Rail (HSR) can potentially have an impact on the income level of urban residents and housing prices.

As HSR infrastructure connects cities and improves transportation accessibility, it can attract economic activities and opportunities, leading to increased income levels for urban residents. Additionally, the development of HSR can stimulate economic growth and create employment opportunities, contributing to higher incomes in the region.

The rise in income levels and economic growth resulting from HSR development can also have an impact on housing prices. As people's incomes increase, the demand for housing may rise, leading to an upward pressure on housing prices. The improved connectivity and convenience provided by HSR can make certain areas more desirable for residential purposes, further driving up housing prices in those locations.

However, it's important to note that the relationship between HSR construction, income levels, and housing prices is complex and can be influenced by various factors such as market dynamics, regional development policies, and supply and demand conditions. It is crucial to carefully analyze the specific context and factors at play in each situation to fully understand the potential impact on income levels and housing prices.

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Which of the following is most likely incorrect about
holding period returns (HPR) when investing in a corporate
bond?
Group of answer choices
A. An investor has the investment horizon equal to the li

Answers

The incorrect statement about holding period returns (HPR) when investing in a corporate bond is "An investor has the investment horizon equal to the life of the bond".

Holding Period Return (HPR) is a common tool for evaluating investment returns over a specific period of time. It considers income from dividends or interest, as well as capital gains or losses from the selling of securities.The Holding Period Return (HPR) formula is:

HPR = (Ending Price - Beginning Price + Income) / Beginning Price

Holding Period Returns in Corporate Bonds:

When it comes to corporate bonds, holding period returns (HPR) differ from holding period returns for stocks because they are not as variable as stocks. Corporate bonds typically provide investors with a fixed income stream in the form of regular coupon payments, with the principal returned when the bond matures.Corporate bondholders can choose to sell their bonds at any time, but doing so may result in a capital gain or loss depending on market conditions. As a result, the holding period for a corporate bond is not the same as the bond's lifespan, which is when it matures and the investor receives the principal. Therefore, the statement "An investor has the investment horizon equal to the life of the bond" is incorrect.

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1. True / False / Uncertain. Answer with explanation. as The finacial market expects the Canadion - Us nominal exchange rate to appreciate, So the current nominal interest rate in Canada is high. 6) A temporary adverse supply shock will shift the LM Curve the left, resulting a higher interest rate and lover aggregate output temporarily. ир to c) The nominal exchange rate between the Canadian dollar and Brazilian real is 4 reais por dollar, So Coradions could visit Brazil quite chaper.

Answers

The financial market expects the Canadian-US nominal exchange rate to appreciate, so the current nominal interest rate in Canada is high - False.

The statement is incorrect. A rise in the expected exchange rate in the financial markets increases the demand for Canadian dollars, leading to an appreciation of the currency, resulting in lower interest rates in Canada

A temporary adverse supply shock will shift the LM Curve to the left, resulting in a higher interest rate and lower aggregate output temporarily - True.

A temporary adverse supply shock leads to a leftward shift in the LM curve, leading to a higher interest rate and lower aggregate output in the short term.

The nominal exchange rate between the Canadian dollar and the Brazilian real is 4 reais por dollar, so Canadians could visit Brazil quite cheaply: Uncertain.

The statement is uncertain because the purchasing power of a currency is determined by the relative prices of goods in two countries. Although the exchange rate between the Canadian dollar and the Brazilian real is 4 reais per dollar, it may not necessarily imply that Canadians could visit Brazil cheaply because the prices of goods and services in Brazil and Canada may vary.

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a. Assume two firms are currently competing in a market. If one of the two firms wants to try to eliminate the other firm as a competitor, should it undertake a strategy of limit pricing or predatory pricing? Why? In addition, describe the conditions under which the strategy you have selected will be most successful.
b. Is the profit-maximizing price-taking firm able to markup price above the marginal costs of production at the profit-maximizing level of output? Why or why not?

Answers

a. Predatory pricing is the strategy to eliminate a competitor by setting prices below costs, while limit pricing involves setting low prices to deter new entrants.

b. Price-taking firms cannot markup price above marginal costs in a perfectly competitive market.

a. In order to eliminate the other firm as a competitor, the firm should undertake a strategy of predatory pricing rather than limit pricing. Predatory pricing involves setting prices below the average variable cost or even the marginal cost in order to drive competitors out of the market. By doing so, the predatory firm aims to establish a monopoly or dominant market position once the competition is eliminated.

The success of a predatory pricing strategy depends on certain conditions. First, the predatory firm must have sufficient resources and financial capabilities to sustain losses in the short term. Second, it must possess the ability to accurately identify and target vulnerable competitors. Third, it should have the potential to recoup the losses incurred during the predatory phase by raising prices or maintaining higher market share once the competition is eliminated. Finally, it is essential that there are barriers to entry that prevent new competitors from easily entering the market and eroding the predatory firm's dominance.

b. No, the profit-maximizing price-taking firm is not able to markup price above the marginal costs of production at the profit-maximizing level of output. In a perfectly competitive market, firms are price takers, meaning they have no market power and must accept the prevailing market price. Each firm produces at the quantity where marginal cost equals marginal revenue, which is also equal to the market price.

Since marginal cost represents the additional cost of producing one more unit of output, firms cannot markup price above this cost without losing customers to lower-priced competitors. Therefore, in a perfectly competitive market, the profit-maximizing firm sets the price equal to its marginal cost of production. Hence, the profit-maximizing price-taking firm cannot markup price above the marginal costs of production because it lacks market power and faces intense competition.

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You have been re-assigned to supervise a technical production department.
The employees on this team are frontline workers who provide online technical support to consumers.
Describe how you would specify the department’s training needs? Describe how you would evaluate if the training met your needs. Explain what role you should play in delivering the training versus Human Resources. Explain what your preferred method of training would be.

Answers

To specify the department's training needs, I would assess employees' current skills, knowledge gaps, and customer feedback. To evaluate if the training met the needs, I would monitor performance, conduct assessments, and gather feedback from supervisors and customers.

To specify the department's training needs, I would conduct a comprehensive assessment by gathering information from multiple sources. This would include analyzing employees' current skill levels, knowledge gaps, and areas for improvement. Customer feedback and performance evaluations would provide valuable insights into the specific challenges faced by the employees in providing online technical support. By considering these factors, I can identify the training areas that require focus and development.

To evaluate if the training met the needs, I would utilize various methods to gauge its effectiveness. Monitoring employees' performance and productivity after the training would help assess their improvement in key areas. Customer satisfaction surveys and feedback would provide insights into whether the training has positively impacted the quality of technical support provided. Additionally, conducting post-training assessments or quizzes would allow me to measure employees' understanding and retention of the training material. By gathering feedback from supervisors and team leaders, I can gain valuable insights into the employees' progress and identify areas that may require further support or reinforcement.

In delivering the training, my role as a supervisor would involve providing guidance and support to the trainers or facilitators responsible for conducting the sessions. Collaborating with Human Resources would ensure the training aligns with department objectives and standards. Actively participating in the training sessions would allow me to observe employees' progress and provide ongoing feedback and coaching. By utilizing a combination of classroom-style sessions and practical exercises, I can create an engaging learning experience that enhances employees' technical skills, product knowledge, communication techniques, and customer service skills. Incorporating technology-based tools and resources would further enhance the learning experience and provide flexibility for self-paced learning. Regular follow-up sessions and refresher training would ensure continued improvement and address any evolving training needs.

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decision-making: research shows what happens when we wait for ""something better"" terrible at making decisions? a 2020 study reveals just how much our expectations drop while taking the time to decide on something.

Answers

Research indicates that waiting for something better can negatively impact decision-making. A 2020 study highlights how our expectations tend to decrease while we delay making a decision.

The 2020 study sheds light on the phenomenon known as "time-induced preference change" or "decision deferral effect." It suggests that as we wait and delay making a decision, our expectations about the available options tend to decline. This effect occurs due to a combination of factors such as uncertainty, regret aversion, and diminishing excitement.

When faced with multiple choices, the anticipation of something better can create a sense of dissatisfaction with the available options. This can lead to a cycle of postponing decisions, hoping for a more desirable  quantifiable outcome. However, as time passes, the initial options may appear less appealing, and the perceived value or quality of alternatives may decrease. This decline in expectations can eventually lead to a feeling of regret or dissatisfaction with the chosen option.

The study emphasizes the importance of being aware of this decision-making bias and the potential negative consequences of procrastination. It suggests that actively managing our expectations and considering the potential impact of delaying decisions can help mitigate the decision deferral effect and improve the quality of our choices.

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What is the present value of a perpetual stream of cash flows that pays
$80,000
at the end of year one and then grows at a rate of
5​%
per year​ indefinitely? The rate of interest used to discount the cash flows is
10​%.

Answers

The present value of the perpetual stream of cash flows is $1,600,000.

To calculate the present value of a perpetual stream of cash flows, we can use the formula:

PV = CF / (r - g)

where PV is the present value, CF is the cash flow, r is the discount rate, and g is the growth rate.

In this case, the cash flow is $80,000 at the end of year one, the discount rate is 10%, and the growth rate is 5%.

Using the formula, the present value can be calculated as:

PV = $80,000 / (0.10 - 0.05)
PV = $80,000 / 0.05
PV = $1,600,000

Therefore, the present value of the perpetual stream of cash flows is $1,600,000.

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Suppose banks require a real interest rate of 8 percent. If they
expect inflation to be 2 percent, what is the nominal interest
rate?
Multiple Choice
10 percent
6 percent
4 percent
16 percent

Answers

Suppose banks require a real interest rate of 8 percent. If they expect inflation to be 2 percent, In order to determine the nominal interest rate when the expected inflation rate is known, we can use the equation:

NOMINAL INTEREST RATE = REAL INTEREST RATE + EXPECTED INFLATION RATENow, we have:REAL INTEREST RATE = 8%EXPECTED INFLATION RATE = 2%By substituting the values into the equation, we get:

NOMINAL INTEREST RATE = 8% + 2% = 10%Hence, the nominal interest rate is 10 percent.Therefore, the correct answer is option A: 10 percent.

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Solve the following exercise, develop with the data, equation and the respective answer.
1) Responsibly your parents saved during your adolescence, so that you can study a university degree. To date, you have managed to accumulate the sum of 7,500,000.00, the Bank pays an interest rate of 10.50% capitalizable every four months and you must cancel the sum of 599,000.00 per quarter to the university in advance. How many quarters will you be able to cancel with the savings?

Answers

The given principal amount is P = 7,500,000.00.The interest rate is r = 10.50% capitalizable every four months.The amount to be paid to the university in advance is a = 599,000.00 per quarter.Let us find the number of quarters for which the payment to the university can be made using the savings.

To do this, we need to find the amount of interest earned in each quarter by the amount of savings accumulated at the end of the previous quarter.Additionally, we also need to subtract the amount paid to the university in advance during that quarter from the interest earned.Amount of interest earned in the first quarter = P × (1 + r/100/4) - P= P [(1 + r/100/4) - 1] = 7,500,000.00 [(1 + 10.50/100/4) - 1]= 7,817,537.50 - 7,500,000.00= 317,537.50Amount paid to the university in the first quarter = a = 599,000.00

The amount of savings at the end of the first quarter= P + interest earned in the first quarter - amount paid to the university in the first quarter= 7,500,000.00 + 317,537.50 - 599,000.00= 7,218,537.50We can repeat the above calculations for each subsequent quarter until the savings get exhausted. However, we can notice a pattern in the above calculations.

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International trade is a method which enables nations to specialize and increases the productivity of their resources. O True O False

Answers

The answer to the given statement, "International trade is a method which enables nations to specialize and increases the productivity of their resources" is true.

International trade is the trade of capital, goods, and services across international borders or territories. This kind of trade creates an opportunity for specialization. A country can concentrate on producing goods and services which are suited for them. They can export these products and import other products, which can be produced more economically by other countries.

Through international trade, nations can acquire new resources which can increase their productivity. For instance, the U.S might import crude oil from the Middle East because it has a vast amount of oil reserves and sell its aircraft to Middle Eastern countries. It would be quite challenging for the U.S to produce crude oil more cost-effectively than the Middle East. Similarly, Middle Eastern countries might not be able to manufacture aircraft more efficiently than the U.S. Through international trade, these countries are utilizing their resources effectively.

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It takes 200 days for a company to sell and replace its existing
inventory.
The company has:
Sales of $93,000,
Cost of goods sold of $68,000,
Cash of $16,000.
Total current liabilities are $135,000.

Answers

It takes 200 days for a company to sell and replace its existing inventory.The inventory turnover ratio for this company is 2.

To calculate the inventory turnover ratio:

We can use the formula:
Inventory turnover ratio = Cost of goods sold / Average inventory

First, let's find the average inventory. Since we know that it takes 200 days to sell and replace the inventory, we can assume that the average inventory is half of the cost of goods sold:

Average inventory = Cost of goods sold / 2
Average inventory = $68,000 / 2
Average inventory = $34,000

Now, we can calculate the inventory turnover ratio:

Inventory turnover ratio = Cost of goods sold / Average inventory
Inventory turnover ratio = $68,000 / $34,000
Inventory turnover ratio = 2

Therefore, the inventory turnover ratio for this company is 2.  

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Suppose Capital one is advertising a 60 month 5.72% APR
motorcycle loan. If you need to borrow $9,200 to purchase your
dream motorcycle , what will be your monthly payment ?

Answers

Capital one is offering a 60-month 5.72% APR motorcycle loan. In case you need to borrow $9,200 to purchase your dream motorcycle, what will be your monthly payment

Calculating the monthly payment on a loan requires a mathematical calculation, which is expressed in this formula:M = P [ r(1+r)^n / (1+r)^n – 1]

Where,M is the monthly paymentP is the principal or amount borrowedr is the monthly interest raten is the number of monthly paymentsNow, let's break it down and put in the values you have in the given problem:

[tex]M = 9200 [ (0.0477) (1 + 0.0477)^60 / (1 + 0.0477)^60 – 1]M = 9200 [0.009503 ] / 0.528074M = $165.34[/tex]Therefore, your monthly payment will be $165.34 if you borrow $9,200 to purchase a dream motorcycle from Capital One.

This is a competitive and reasonable interest rate and terms, making it an attractive financing option for anyone in need of motorcycle financing.

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There are two stocks in the market, Stock A and Stock B. The price of Stock A today is $68. The price of Stock A next year will be $56 if the economy is in a recession, $78 if the economy is normal, and $86 if the economy is expanding. The probabilities of recession, normal times, and expansion are 2,6 , and . 2, respectively. Stock A pays no dividends and has a correlation of 65 with the market portfolio. Stock B has an expected return of 13 percent, a standard deviation of 44 percent, a correlation with the market portfolio of 20 , and a correlation with Stock A of 38 . The market portfolio has a standard deviation of 19 percent. Assume the CAPM holds. a-1. What is the return for each state of the economy for Stock A ? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) a- What is the expected return of Stock A? (Do not round intermediate calculations 2. and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a- What is the variance of Stock A? (Do not round intermediate calculations and enter 3. your answer as a decimal (not as a percent) rounded to 4 decimal places, e.g., 1616.) a- What is the standard deviation of Stock A? (Do not round intermediate calculations 4. and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16:) a- What is the beta of Stock A? (Do not round intermediate calculations and round 5. your answer to 3 decimal places, e.g., 32.161.) a- What is the beta of Stock B? (Do not round intermediate calculations and round 6. your answer to 3 decimal places, e.g., 32.161.)

Answers

a-1. Return for each state of the economy for Stock A:

Given probabilities:

P(recession) = 0.2

P(normal) = 0.6

P(expansion) = 0.2

Returns for each state:

Return(recession) = -((Price next year - Price today) / Price today) = -((56 - 68) / 68) = -0.1765 or -17.65%

Return(normal) = ((Price next year - Price today) / Price today) = ((78 - 68) / 68) = 0.1471 or 14.71%

Return(expansion) = ((Price next year - Price today) / Price today) = ((86 - 68) / 68) = 0.2647 or 26.47%

a- Expected return of Stock A:

Expected Return = P(recession) * Return(recession) + P(normal) * Return(normal) + P(expansion) * Return(expansion)

Expected Return = 0.2 * (-0.1765) + 0.6 * 0.1471 + 0.2 * 0.2647

Expected Return = -0.0353 + 0.0883 + 0.0529

Expected Return = 0.1059 or 10.59%

a- Variance of Stock A:

Variance = P(recession) * (Return(recession) - Expected Return)^2 + P(normal) * (Return(normal) - Expected Return)^2 + P(expansion) * (Return(expansion) - Expected Return)^2

Variance = 0.2 * (-0.1765 - 0.1059)^2 + 0.6 * (0.1471 - 0.1059)^2 + 0.2 * (0.2647 - 0.1059)^2

Variance = 0.2 * (-0.2824)^2 + 0.6 * (0.0412)^2 + 0.2 * (0.1588)^2

Variance = 0.015968 + 0.000101 + 0.006361

Variance = 0.02243

a- Standard deviation of Stock A:

Standard Deviation = sqrt(Variance)

Standard Deviation = sqrt(0.02243)

Standard Deviation = 0.1498 or 14.98%

a- Beta of Stock A:

Beta(A) = Correlation(A, Market) * (Standard Deviation(A) / Standard Deviation(Market))

Beta(A) = 0.65 * (0.1498 / 0.19)

Beta(A) = 0.513

a- Beta of Stock B:

Beta(B) = Correlation(B, Market) * (Standard Deviation(B) / Standard Deviation(Market))

Beta(B) = 0.2 * (0.44 / 0.19)

Beta(B) = 0.459

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Accounts receivable is on the ______ and reports the amount ______. multiple choice question.

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Accounts receivable is on the balance sheet and reports the amount owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Accounts receivable is an asset account that appears on the balance sheet. It represents the amount owed to a company by its customers for goods or services that have been provided but have not been fully paid for. Accounts receivable serves as a record of the company's outstanding invoices and represents the amount of money that the company expects to receive from its customers in the future.

This asset reflects the credit extended to customers and their obligation to fulfill payment. As a balance sheet item, accounts receivable demonstrates the company's financial position by indicating the value of its outstanding receivables and the potential inflow of cash that it anticipates in the near term.

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Suppose a firm's total cost is C(q) = 8 +0.8q² When the price is 10, the firm's profit is

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The answer for the firm's profit when the price is 10 is $96.

The firm's profit, denoted by π(q), is the difference between its total revenue and total cost. At price 10, the firm's total revenue is R(q) = 10q.

Hence,π(q) = R(q) − C(q) = 10q − [8 + 0.8q²] = -0.8q² + 10q - 8.

The firm's profit-maximizing quantity is given by the first-order condition that sets the derivative of its profit with respect to q equal to zero:

π'(q) = -1.6q + 10 = 0 → q = 6.25.

The firm's profit is given by substituting the profit-maximizing quantity into the expression for its profit:

π(6.25) = -0.8(6.25)² + 10(6.25) - 8 = $96.

In the given situation, the formula for the total cost of the firm is given as:

C(q) = 8 + 0.8q²

At price 10, the formula for the total revenue of the firm is given as:

R(q) = 10q

The formula for profit (π(q)) is given as:

π(q) = R(q) − C(q)

By substituting the value of R(q) and C(q), we get:

π(q) = 10q − [8 + 0.8q²]π(q) = 10q − 8 - 0.8q²

Hence,

π(q) = -0.8q² + 10q - 8π(q) = -0.8(q² - 12.5q + 25) - 8 + 20π(q) = -0.8(q - 6.25)² + 12

The formula for profit-maximizing quantity is given by the first-order condition that sets the derivative of its profit with respect to q equal to zero:

π'(q) = -1.6q + 10 = 0 → q = 6.25.

By substituting the value of q, the firm's profit is given by:

π(q) = -0.8q² + 10q - 8π(6.25) = -0.8(6.25)² + 10(6.25) - 8π(6.25) = $96

Therefore, the firm's profit when the price is 10 is $96.

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Two mutually exclusive projects require the same $800,000 in initial investment. Afterwards, the first project provides the following cash flows over the next four years: $400,000, $250,000, $200,000, and $600,000. The second project provides the following cash flows over the next four years: $600,000, $200,000, $250,000, and $400,000. The target payback period is 3 years. Which project should you undertake? Explain with appropriate calculations.

Answers

The target payback period is three years, Project 1's payback period exceeds the target, whereas Project 2's payback period is less than the target, so Project 2 should be undertaken.

The Payback Period Method determines the time it takes to recover the initial investment of a project. Projects with shorter payback periods are preferred over those with longer payback periods. It is essential to consider whether or not a project's payback period falls within a company's acceptable range or is less than the anticipated useful life of the asset to be bought before determining whether or not to take the project. It is not ideal to have a payback period that exceeds the asset's useful life since the asset would not have produced any income during the last years of its useful life if the project's payback period exceeded the useful life of the asset.

Two mutually exclusive projects require the same $800,000 in initial investment. Afterward, the first project provides the following cash flows over the next four years: $400,000, $250,000, $200,000, and $600,000. The second project provides the following cash flows over the next four years: $600,000, $200,000, $250,000, and $400,000. The target payback period is 3 years. Now, we will calculate the payback period of both projects: Project 1:Year 1 = $400,000Year 2 = $250,000Year 3 = $200,000Year 4 = $600,000Total = $1,450,000Payback Period = 2 + ($350,000 / $600,000) = 2.58 years (approximately)Project 2:Year 1 = $600,000Year 2 = $200,000Year 3 = $250,000Year 4 = $400,000Total = $1,450,000Payback Period = 1 + ($200,000 / $250,000) = 1.8 years (approximately). Since the target payback period is three years, Project 1's payback period exceeds the target, whereas Project 2's payback period is less than the target, so Project 2 should be undertaken.

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Woolworths Group is an iconic Australian retail company. Whereas Coles group of Australia is a leading and Australian first supermarket.
Based on your research on the same firms, what is your findings and advise on these two firms in relation to their sustainability/CSR performance?

Answers

In terms of advice, I would suggest that both Woolworths and Coles continue to prioritize sustainability and CSR. They should set ambitious targets and regularly assess their progress. Collaboration with stakeholders, such as suppliers and customers, is essential for driving sustainable change. Both companies should also focus on transparency and regularly report on their sustainability performance to maintain accountability.

Based on my research, Woolworths Group and Coles Group of Australia have made significant efforts towards sustainability and corporate social responsibility (CSR).

Woolworths Group has set various sustainability goals, such as reducing carbon emissions, improving waste management, and promoting sustainable sourcing. They have implemented initiatives like the "Bag Ban" to reduce plastic waste, and the "Fresh Food Rescue Program" to donate surplus food to charities. Woolworths has also invested in renewable energy and aims to achieve 100% renewable electricity by 2025.

Similarly, Coles Group has prioritized sustainability and CSR. They have committed to reducing greenhouse gas emissions, minimizing food waste, and improving sustainable packaging. Coles has launched the "Better Together" sustainability strategy, which focuses on sustainable sourcing and responsible waste management. They have also collaborated with suppliers and farmers to promote sustainable practices.

Both companies have received recognition for their efforts. Woolworths Group has been included in the Dow Jones Sustainability Index, while Coles Group has been recognized by the Carbon Disclosure Project.

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The price of a 10% preferred stock issued by GS is selling for
$125 ($100 par value). What is the cost of this preferred
stock?
a. 10%
b. 5%
c. 25%
d. 12.5%
e. 8%

Answers

The cost of the preferred stock issued by GS is 8%.

To calculate the cost of the preferred stock, we need to determine the dividend yield, which is the annual dividend payment divided by the price of the preferred stock. In this case, the annual dividend payment is 10% of the par value, which is $100. Therefore, the dividend is $10. Dividend Yield = Dividend / Price of Preferred Stock, Dividend Yield = $10 / $125 = 0.08 or 8%. Hence, the cost of the preferred stock is 8%. Therefore, the correct answer is (e) 8%.

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You have just performed a Single Time Estimate CPM analysis and
have found that there is no path through the project network with
zero slack values. What can you conclude?

Answers

After performing a Single Time Estimate CPM (Critical Path Method) analysis, if you find that there is no path through the project network with zero slack values, it indicates flexibility in the project schedule.

Essentially, there are no tasks that are strictly time-bound, meaning delays in certain activities won't directly impact the project completion date.

The concept of slack, or float, in project management, refers to the total time that you can delay a task without causing a delay to the project's completion date or subsequent tasks. When all paths in a project network have slack, it implies that all tasks have some flexibility in when they can be scheduled without delaying the project. This could be a beneficial situation, providing room to manage resources efficiently and handle unexpected delays or issues. However, it's still crucial to managing these slacks efficiently to prevent procrastination or inefficient resource allocation that might risk the project's timely completion.

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You would like to accumulate $3,000,000 for retirement. You have determined that you can afford to save $50,000 per year toward your retirement goal, and you will be able to earn a return of 11 percent per year on your investments. Required: Assuming that your annual $50,000 deposits are made at the end of each year, how long will it take for you to accumulate the $3,000,000 you desire? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Period...... years

Answers

It will take approximately 24.91 years to accumulate $3,000,000 for retirement.

To calculate the time required to reach the retirement goal, we can use the formula for the future value of an ordinary annuity:

Future Value = Payment × [(1 + Interest Rate)^(Number of Periods) - 1] / Interest Rate

In this case, the annual payment is $50,000, the interest rate is 11% (or 0.11), and the future value is $3,000,000. We need to solve for the number of periods (years) it will take to reach the desired amount.

$3,000,000 = $50,000 × [(1 + 0.11)^N - 1] / 0.11

Simplifying the equation, we get:

[(1 + 0.11)^N - 1] / 0.11 = 60

(1 + 0.11)^N - 1 = 0.11 × 60

(1 + 0.11)^N = 1 + (0.11 × 60)

Taking the natural logarithm of both sides:

N × ln(1 + 0.11) = ln(1 + (0.11 × 60))

N = ln(1 + (0.11 × 60)) / ln(1.11)

Using a calculator, we find that N is approximately 24.91 years. Therefore, it will take about 24.91 years to accumulate $3,000,000 for retirement with annual deposits of $50,000 and an 11% annual return on investments.

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Social Media and Salesperson Credibility at Waleszonia Financial
This activity is important because it is essential that salespeople understand how social media tools can be used to enhance salesperson credibility. Jacob is a sales representative for Waleszonia Financial, who specialize in selling financial products in New Orleans. Jacob has been working to develop a buyer-centric social media profile, choosing the right photo, headline and summary, and utilizing recommendations to validate his trustworthiness to potential clients. Jacob’s sales manager Jodi wants him to explain to the new salespeople hired by the company how each of these things increases Jacob’s likelihood of sales success.
The goal of this exercise is to match the specific types of benefits that Jacob and other salespeople receive when they use specific social media strategies to enhance their credibility.
Select the appropriate social media action that Jacob has taken for each of the benefits listed below.
1. Demonstration of the reliability and integrity of the salesperson and the products they are selling
a. Develop a Buyer-Centric Social Profile
b. Choose the Right Photo, Headline, and Summary
c. Utilize Recommendations
2. Clearly communicates how a seller can add value to a customer's business
a. Develop a Buyer-Centric Social Profile
b. Choose the Right Photo, Headline, and Summary
c. Utilize Recommendations
3. Promotes salespeople's most important skills and achievements
a. Develop a Buyer-Centric Social Profile
b. Choose the Right Photo, Headline, and Summary
c. Utilize Recommendations
4. Third-party verification that the salesperson an be counted on to deliver on what they promised
a. Develop a Buyer-Centric Social Profile
b. Choose the Right Photo, Headline, and Summary
c. Utilize Recommendations
5. Explains how a salesperson can help customers solve specific problems
a. Develop a Buyer-Centric Social Profile
b. Choose the Right Photo, Headline, and Summary
c. Utilize Recommendations
6. Presents a professional and consistent message as to how a salesperson is positioning themselves
a. Develop a Buyer-Centric Social Profile
b. Choose the Right Photo, Headline, and Summary
c. Utilize Recommendations

Answers

To enhance salesperson credibility on social media at Waleszonia Financial, it is important to choose the right photo, headline, and summary for your social profile.

Your photo should be professional and approachable, creating a positive first impression. The headline should clearly convey your expertise and value proposition. In the summary, highlight your accomplishments, skills, and experience relevant to the financial industry.

Furthermore, developing a buyer-centric social profile is crucial. Understand your target audience and tailor your profile to their needs and interests. Share valuable content, such as industry insights and tips, to position yourself as a trusted resource.

Utilizing recommendations is another effective strategy. Request recommendations from satisfied clients or colleagues to showcase social proof and build credibility. These endorsements can provide potential clients with confidence in your abilities.

By following these steps, you can establish a strong online presence, increase salesperson credibility, and attract potential clients on social media at Waleszonia Financial.

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Project Crashing The following table gives data on normal time and cost and crash time and cost of project. Indirect cost is CAD 60 day A) Draw the network diagram Marks 3 B) Find Critical path Marks 2 C) Crash the relevant activities symmetrically and determine the optimum project time and cost Marks 10 Acitvity Name Normal Time Normal Cost Crash Time Crash Cost 1-2 A 9 640 6 700 1-3 B 8 500 5 575 1-4 C 15 400 10 550 2-4 D 5 100 3 120 3-4 E 10 200 6 260 4-5 F 2 100 1 140 Q2. Earned Value You’re a subcontractor responsible for managing the installation of 10,000 feet of fence around an elementary school. You estimate the cost of fence installation to be $10 per foot. You estimate that your crew can install 500 feet of fence per week. After 12 weeks, you have 50% of the job complete and you have spent $45,000. Determine the value for each of the terms below: Marks 10 Term Value 1 Budget at Completion (BAC) 2 Planned Value (PV) 3 Earned value (EV) 4 Actual Cost (AC) 5 Cost Variance (CV) 6 Schedule Variance (SV) 7 Cost Performance Index(CPI) 8 Schedule Performance Index (SPI) 9 Estimate at Completion 10 Estimate to Complete

Answers

The given information is insufficient to draw the network diagram or determine the critical path. The Earned Value terms cannot be calculated without additional data.

A) Drawing the network diagram based on the given data is not possible without the specific relationships between activities.

B) To find the critical path, the network diagram is required to determine the sequence of activities and their durations.

C) Crashing activities symmetrically involves reducing their durations to the crash time while increasing the costs. To determine the optimum project time and cost, the critical path and crashing costs for each activity need to be considered.

1) Budget at Completion (BAC): The total planned cost for the entire project. 2) Planned Value (PV): The estimated value of the work scheduled to be completed at a specific point in time.

3) Earned Value (EV): The value of the work actually completed at a specific point in time. 4) Actual Cost (AC): The total cost incurred for the work completed up to a specific point in time.

5) Cost Variance (CV): The difference between the earned value and the actual cost. 6) Schedule Variance (SV): The difference between the earned value and the planned value.

7) Cost Performance Index (CPI): The ratio of earned value to actual cost, indicating cost efficiency. 8) Schedule Performance Index (SPI): The ratio of earned value to planned value, indicating schedule efficiency.

9) Estimate at Completion (EAC): The projected total cost of the project based on performance. 10) Estimate to Complete (ETC): The estimated cost required to complete the remaining work.

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Controlling involves blank______. multiple choice question. measuring actual results

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Controlling involves measuring actual results. Controlling is a managerial function that encompasses the process of measuring and evaluating actual results against planned objectives.

It involves systematically monitoring performance and comparing it to predetermined standards or benchmarks.  By measuring actual results, managers can assess the effectiveness of their plans and strategies, identify any deviations or discrepancies, and take corrective actions if necessary. Through controlling, organizations can ensure that their operations are on track and aligned with their goals.

It provides valuable feedback and insights into performance, enabling managers to make informed decisions and adjustments to improve outcomes. Measuring actual results is a vital aspect of the controlling function as it enables organizations to stay accountable, maintain performance standards, and achieve continuous improvement.

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Complete Question:

Controlling involves ______.

putting the company's plan into action

measuring actual results

preparing annual budgets

establishing goals for the company

- Use The Data Below To Compute The Various Components Of National Income Accounting. - Government Expenditure. 577 - Indirect Business Taxes. - Personal Consumption Expenditure....................1810 - Depreciation. 307 Cont. - Imports. - Corporate Income Tax - Wages And Salaries. 722 - Government Transfer Payments. 320 - Dividend

Answers

To compute the various components of national income accounting using the given data, you would need the values for the following terms:

1. Government Expenditure: 577
2. Indirect Business Taxes: Not provided
3. Personal Consumption Expenditure: 1810
4. Depreciation: 307
5. B: Not provided
6. Corporate Income Tax: Not provided
7. Wages and Salaries: 722
8. Government Transfer Payments: 320
9. Dividends: Not provided

Government Expenditure: The given value of 577 represents the total amount spent by the government on goods and services. Government expenditure is a component of GDP and is included in the calculation of national income.

Indirect Business Taxes: Unfortunately, no specific value for indirect business taxes is provided. Indirect business taxes refer to taxes levied on businesses that are passed on to consumers in the form of higher prices. Examples include sales taxes or value-added taxes (VAT). These taxes are also part of GDP and should be considered in national income accounting.

Personal Consumption Expenditure: The given value of 1810 represents the total amount spent by individuals and households on consumption goods and services. Personal consumption expenditure is a significant component of GDP and is considered in the calculation of national income.

Depreciation: The given value of 307 represents the amount deducted for depreciation, which refers to the decline in value of capital goods over time. Depreciation is subtracted from GDP to arrive at net domestic product (NDP), which is a measure of national income.

B: Unfortunately, no specific information or value is provided for this term. Without additional data, it is not possible to determine its relevance to national income accounting.

Corporate Income Tax: Similar to indirect business taxes, no specific value is provided for corporate income tax. Corporate income tax represents the taxes paid by corporations on their profits. It is deducted from GDP to arrive at national income.

Wages and Salaries: The given value of 722 represents the total amount paid to employees as wages and salaries. Wages and salaries are a crucial component of GDP and are included in national income accounting.

Government Transfer Payments: The given value of 320 represents the total amount of payments made by the government to individuals or households, such as social security benefits or welfare payments. Government transfer payments are included in national income accounting as they affect individuals' disposable income.

Dividends: Unfortunately, no specific information or value is provided for dividends. Dividends represent the distribution of profits to shareholders of corporations. Depending on the context, dividends may or may not be considered in national income accounting.

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- Use the data below to compute the various components of National Income Accounting. - Government Expenditure. 577 - Indirect Business taxes. - Personal Consumption Expenditure....................1810 - Depreciation. 307 Cont. - Imports. - Corporate Income Tax - Wages and salaries. 722 - Government Transfer Payments. 320 - Dividend

Required information Exercise 13−9 (Static) Analyzing risk and capital structure LO P3 [Alternate Version] [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. The company's income statements for the current year and one year ago, follow. (1) Compute debt and equity ratio for the current year and one year ago. 2-a) Compute debt-to-equity ratio for the current year and one year ago. (2-b) Based on debt-to-equity ratio, does the company have more or less debt in the current year Complete this question by entering your answers in the tabs below. Compute debt-to-equity ratio for the current year and one year ago. (2-a) Compute debt-to-equity ratio for the current year and one year ago. (2-b) Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? Complete this question by entering your answers in the tabs below. Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? (3-a) Compute times interest earned for the current year and one year ago. (3-b) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Compute times interest eamed for the current year and one year ago. (3-a) Compute times interest earned for the current year and one year ago. (3-b) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago?

Answers

The company is less risky for creditors in the current year than one year ago.

Simon Company's year-end balance sheets and income statements.The debt-to-equity ratio is a measure of the company's financial leverage. It shows how much debt the company is using to finance its assets relative to equity. It can be calculated as follows:Debt-to-equity ratio = Total debt / Total equity.

To calculate the debt-to-equity ratio for Simon Company for the current year and one year ago:Debt-to-equity ratio for the Current Year = Total debt / Total equity = $590,000 / $1,000,000 = 0.59 Debt-to-equity ratio for 1 Year Ago = Total debt / Total equity = $600,000 / $900,000 = 0.67

Therefore, the company has less debt in the current year than one year ago, based on the debt-to-equity ratio.Times interest earned (TIE) ratio is used to measure the company's ability to pay its interest expenses on outstanding debt. It can be calculated as follows:

TIE ratio = EBIT / Interest expense. To calculate the TIE ratio for Simon Company for the current year and one year ago: TIE ratio for the Current Year = EBIT / Interest expense = $380,000 / $60,000 = 6.33 TIE ratio for 1 Year Ago = EBIT / Interest expense = $350,000 / $50,000 = 7.

Therefore, the company is less risky for creditors in the current year than one year ago, based on the TIE ratio. The TIE ratio has decreased from 7 to 6.33, indicating that the company's ability to pay its interest expenses has slightly declined. However, the TIE ratio is still high enough to indicate that the company is not at risk of defaulting on its debt.

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I first, and they later, but it will be the same for them. And now they are merry . . . the beasts!"Anger choked him and he was agonizingly, unbearably miserable. "It is impossible that all men have been doomed to suffer this awful horror!" He raised himself."Something must be wrong. I must calm myselfmust think it all over from the beginning." And he again began thinking. "Yes, the beginning of my illness: I knocked my side, but I was still quite well that day and the next. It hurt a little, then rather more. I saw the doctors, then followed despondency and anguish, more doctors, and I drew nearer to the abyss. My strength grew less and I kept coming nearer and nearer, and now I have wasted away and there is no light in my eyes. Completely describe the digestion and absorption of a potato, which is primarily composed of starch. Begin with the oral cavity and trace all the pertinent events until the nutrients are absorbed into the body. Be thorough and precise. Provide a rationale for why you have selectedAustralian's Indigenous community in relation toVaccination hesitancy. What are the various reason behind thisselection? 15. Let U be a unitary matrix. Prove that (a) U is normal. C". (b) ||Ux|| = ||x|| for all x E (c) if is an eigenvalue of U, then || = 1. 150wordsCreate an effective elevator speech. What percentage of students got a final grade higher than ? the percentage of students who got a final grade higher than is What is the value of x in equation 2/3(1/2x+12)=1/2(1/3x+14)-3 [The Supernatural, Science, and Truth] Now I want to return to the idea of the supernatural and explain why it can never offer us a true explanation of the things we see in the world and universe around us. Indeed, to claim a supernatural explanation of something is not to explain it at all and, even worse, to rule out any possibility of its ever being explained. Why do I say that? Because anything 'supernatural' must by definition be beyond the reach of a natural explanation. It must be beyond the reach of science and the well-established, tried and tested scientific method that has been responsible for the huge advances in knowledge we have enjoyed over the last 400 years or so. To say that something happened supernaturally is not just to say 'We don't understand it' but to say 'We will never understand it, so don't even try.' Science takes exactly the opposite approach. Science thrives on its ability - so far - to explain everything, and uses that as the spur to go on asking questions, creating possible models and testing them, so that we make our way, inch by inch, closer to the truth. If something were to happen that went against our current understanding of reality, scientists would see that as a challenge to our present model, requiring us to abandon or at least change it. It is through such adjustments and subsequent testing that we approach closer and closer to what is true. ... The whole history of science shows us that things once thought to be the result of the supernatural - caused by gods (both happy and angry), demons, witches, spirits, curses and spells - actually do have natural explanations: explanations that we can understand and test and have confidence in. Dawkins, Richard. The Magic of Reality: How We Know What's Really True. Free Press: 2011. 21-2. Answer the questions in one or two sentences each. 1. What is the thesis of the article? 2. What is the writer's purpose in writing: to inform or to persuade? Why do you think so? 3. Are Dawkins' key terms defined in the article? What are his key terms?4. Does the article have an agenda or political purpose, or is it fairly neutral in its point of view? In other words, does the writer seem to have anything to gain by us understanding his article? 5. Has the writer omitted any information that might make his point more clear or convincing, as far as you can tell?6. Do you find any logical fallacies in the article? 7. Do you agree with his point? Why or why not? Remember: it's perfectly alright to agree with a writer. develop a ratio scale of the age of employees?develop an interval scale on employee satisfaction with job? Steam Workshop Downloader