Liability for outstanding premiums for 675,000 boxes at cost per bowl $4 each should be recorded at the end of 2014 is equal to $3,540,000.
Number of boxes sold = 675,000
Number of boxtops redeemed = 330,000
Cost per bowl = $4 each
Number of boxtops that were expected to be redeemed based on the number of boxes sold,
Expected number of boxtops redeemed
= (60% redemption rate) x (3 boxtops per bowl) x (675,000 boxes sold)
⇒ Expected number of boxtops redeemed = 1,215,000
Actual number of boxtops redeemed = 330,000
Estimated number of boxtops that will be redeemed but have not yet been redeemed is,
Estimated number of boxtops outstanding
= Expected number of boxtops redeemed - Actual number of boxtops redeemed
= 1,215,000 - 330,000
= 885,000
Liability for outstanding premiums by multiplying the estimated number of boxtops outstanding by the cost per bowl ,
Liability for outstanding premiums
= Estimated number of boxtops outstanding x Cost per bowl
= 885,000 x $4
= $3,540,000
Therefore, the liability for outstanding premiums that should be recorded at the end of 2014 is $3,540,000.
learn more about liability here
brainly.com/question/14264770
#SPJ4
williams software has 11.8 percent coupon bonds on the market with 15 years to maturity. the bonds make semiannual payments and currently sell for 108.7 percent of par. a. what is the current yield on the bonds?
Williams Software has 11.8% coupon bonds on the market with 15 years to maturity. The bonds make semiannual payments and currently sell for 108.7% of par. The current yield on the bonds will be 26.50%.
Williams Software 11.8% coupon bonds have 15 years remaining to maturity. The bonds make semiannual payments and are currently selling for 108.7 percent of par value.
What is the current yield on the bonds?Given, Annual coupon rate (i) = 11.8%
Semi-annual coupon rate (i /2) = 11.8 / 2 = 5.9%
Time to maturity (n) = 15 years
Semi-annual interest payment = (i / 2) * Face value
Semi-annual interest payment = (5.9 / 100) * $1,000
Semi-annual interest payment = $59
PV = 108.7% of Par Value = 108.7% * $1,000 = $1087.00
Current Yield -: Current yield is defined as the ratio of the bond's annual coupon payment to its market price, multiplied by 100%. The formula for calculating the current yield of a bond is as follows:
Current yield = Annual coupon payment / Market price of bond * 100%
Annual coupon payment = Coupon rate * Par value
Annual coupon payment = 11.8% * $1,000 = $118
Market price of bond = PV of interest payment + PV of maturity value
PV of interest payment = Semi-annual interest payment / (1 + i / 2) ^ n * 2
PV of interest payment = $59 / (1 + 5.9 / 2) ^ (15 * 2)
PV of interest payment = $59 / (1.0295) ^ 30
PV of interest payment = $59 / 2.3812
PV of interest payment = $24.75
PV of maturity value = Par value / (1 + i / 2) ^ n
PV of maturity value = $1,000 / (1 + 5.9 / 2) ^ (15 * 2)
PV of maturity value = $1,000 / (1.0295) ^ 30
PV of maturity value = $1,000 / 2.3812
PV of maturity value = $420.51
Market price of bond = PV of interest payment + PV of maturity value
Market price of bond = $24.75 + $420.51
Market price of bond = $445.26
Current yield = Annual coupon payment / Market price of bond * 100%
Current yield = $118 / $445.26 * 100%
Current yield = 26.50%
Therefore, the current yield on the bond is 26.50%.
To know more about coupon bonds, visit:
https://brainly.com/question/14986873#
#SPJ11
assume that a $3,000,000 par value, semiannual coupon u.s. treasury note with five years to maturity has a coupon rate of 3%. the yield to maturity of the bond is 8.00%. using this information and ignoring the other costs involved, the value of the treasury note is
The value of the U.S. Treasury note is approximately $1,877,198.50.
To calculate the value of the U.S. Treasury note, we need to use the present value formula for a bond:
[tex]PV = (C / (1 + r/n)^nt) + (F / (1 + r/n)^nt)[/tex]
where PV is the present value, C is the coupon payment, r is the yield to maturity, n is the number of compounding periods per year, t is the number of years to maturity, and F is the face value (par value) of the bond.
In this case, the bond has a face value of $3,000,000, a coupon rate of 3%, semiannual payments (n=2), and a yield to maturity of 8%, which corresponds to a semiannual yield of 4% (8%/2).
We can now plug in the values:
PV = (0.03/2 * $3,000,000 / (1 + 0.04)^25) + ($3,000,000 / (1 + 0.04)^25)
PV = $1,877,198.50
Therefore, the value of the U.S. Treasury note is approximately $1,877,198.50.
To know more about coupon HERE
https://brainly.com/question/27123871
#SPJ4
susan manages a team eleven employees from all over the united states. the team met once at its inception but since then, all of the communication among team members has been through the use of technology. this is an example of a team. a. problem-solving b. self-managed work c. cross-functional d. virtual
The scenario described here is an example of a virtual team. So, correct option is D.
A virtual team is a group of people who work together on a common goal from different locations and rely heavily on communication technology to interact with each other. This type of team is becoming increasingly common in today's business environment due to advances in technology and globalization.
In this case, Susan manages a team of eleven employees who are located in different parts of the United States, and they interact solely through the use of technology.
This means that they may communicate via email, instant messaging, video conferencing, or other similar technologies. Despite the lack of face-to-face interaction, the team is still able to collaborate effectively and work towards achieving their common goals.
Virtual teams can offer several advantages, such as the ability to bring together diverse perspectives and expertise from different locations, increased flexibility in work schedules, and reduced travel costs.
However, they can also present challenges such as communication barriers, difficulties with building trust and relationships, and potential misinterpretation of messages due to lack of nonverbal cues.
Therefore, correct option is D.
To learn more about teams click on,
https://brainly.com/question/29558280
#SPJ4
A grinder can catch on rough material edges and shift around, especially when using rotary bits called,
abrasive bits
backing bits
kerf bits
burr bits
Burr bits are the preferred alternative in this situation.
Burr bits are what?Little cutting tools known as burrs or burs (also known as rotary files) should not be confused with the tiny metal fragments produced during the cutting process and used in die grinders, rotary tools, or dental drills.
When their tiny head, which has a shaft with a diameter of 3 mm, is compared to a bur (a fruit seed with hooks), or when their teeth are compared to metal burrs, the term might be regarded fitting.
Burrs are the rotary equivalent of linearly cutting files (hence their alternate name, rotary files). They are likewise similar to endmills and router bits in many aspects, with the exception that burrs are frequently handled freehand while router bits typically have their toolpath controlled by the machine.
To know about rotary bits visit:
https://brainly.com/question/31196586
#SPJ1
bally's cost of goods sold in the year of sale (2016) was $750,000 and 2015 cost of goods sold was $770,000. the inventory at the end of 2016 was $188,000 and at the end of 2015 the inventory was $208,000. bally's average number of days to sell its inventory during 2016 is closest to:
Bally’s average number of days to sell its inventory during 2016 is closest to 96.4 days.
The average number of days to sell inventory, also known as the days’ sales in inventory ratio, is calculated by dividing the average inventory by the cost of goods sold and then multiplying the result by the number of days in the period. In this case, the period is one year, so there are 365 days in the period.
First, we need to calculate Bally’s average inventory for 2016. This can be done by adding the inventory at the end of 2016 ($188,000) to the inventory at the end of 2015 ($208,000) and then dividing the result by 2: ($188,000 + $208,000) / 2 = $198,000.
Next, we can calculate Bally’s days’ sales in inventory ratio for 2016 by dividing the average inventory by the cost of goods sold and then multiplying the result by 365: ($198,000 / $750,000) × 365 = 96.4.
To learn more about sell inventory
https://brainly.com/question/18567448
#SPJ4
pete is the marketing director for an electric car company. he recently chose "leads" as his search campaign marketing goal. what did he hope to achieve by selecting "leads" as his goal?
Pete oversees marketing for a manufacturer of electric vehicles. He recently decided on "leads" as the marketing objective of his search effort to persuade clients to buy electric cars.
Instead of utilising fossil fuels like petrol or diesel to charge their batteries, electric vehicles use electricity. Due to their greater efficiency and the lower cost of power, charging an electric car is more affordable than purchasing fuel or diesel for your travel needs.
The key benefits are that it uses less petrol, produces less emissions, and is more economical. Longer recharge times, battery replacement, and fewer charging stations are its drawbacks.
Read more about marketing director at
https://brainly.com/question/14351794
#SPJ4
what type of interview questions present the candidate with a hypothetical situation and ask them how they would handle it?
Behavioral interview questions are the type of interview questions that present the candidate with a hypothetical situation and ask them how they would handle it.
Behavioral interview questions are a type of interview question that is frequently used in job interviews. These types of questions aim to elicit the candidate's prior behavior in a specific situation. The interviewer can gain insight into the candidate's personality, leadership abilities, and how they handle stress by asking behavioral interview questions. A hypothetical scenario or situation is often presented in behavioral interview questions, and the candidate is asked how they would handle it.
Candidates may be asked how they dealt with a particular situation in their past or how they would handle a situation in the future. Behavioral interview questions are a common interview technique used by interviewers to assess a candidate's problem-solving abilities and critical thinking skills. In order to prepare for behavioral interview questions, candidates should think about their previous work experience and be prepared to discuss it in detail during the interview.
Learn more about hypothetical situation here:https://brainly.com/question/875167
#SPJ11
consider the difference between positive and normative policy analysis. use this knowledge to complete the passages. economics involves describing what is happening or predicting what will happen. economics concerns what should occur and involves value judgments. b. classify each statement as reflecting either positive or normative analysis.
The statement "Economics involves describing what is happening or predicting what will happen" reflects positive analysis, while the statement "Economics concerns what should occur and involves value judgments" reflects normative analysis.
Positive policy analysis describes what is currently happening or what has happened in the past. Positive analysis is based on facts and evidence, and it is intended to provide objective data that can be used to make informed decisions.What is normative policy analysis?Normative policy analysis, on the other hand, is concerned with what ought to happen. Normative analysis is subjective because it is based on personal values, beliefs, and preferences rather than objective data. It seeks to make recommendations based on ethical and moral principles, as well as other social and political considerations.
Know more about policy scale here:
https://brainly.com/question/30047743
#SPJ11
the expected average rate of return for a proposed investment of $600,000 in a fixed asset, with a useful life of four years, straight-line depreciation, no residual value, and an expected total net income of $240,000 for the 4 years, is:
The expected average rate of return for the proposed investment is 8%.
The expected average rate of return is the ratio of the expected net income to the average investment. Here, the average investment is the initial investment divided by 2, since the asset has a useful life of 4 years and straight-line depreciation is being used.
Average investment = Initial investment / 2 = $600,000 / 2 = $300,000
Expected net income = $240,000
Expected average rate of return = (Expected net income / Average investment) x 100%
= ($240,000 / $300,000) x 100%
= 0.8 x 100%
= 10%
Therefore, the expected average rate of return for the proposed investment is 8%.
For more questions like Investment click the link below:
https://brainly.com/question/15105766
#SPJ11
which increment should be examined first in incremental rate of return analysis, if marr = 11.0%? do-nothing a b c d first cost 0 $9,000 $3,500 $9,000 $6,000 annual benefit 0 1,593 697 1,725 914 life 10 yrs ror 12.0% 15.0% 14.0% 8.5%
The increment should be examined first in incremental rate of return analysis, if marr = 11.0% is b first.
To determine which increment should be examined first in incremental rate of return analysis, we need to calculate the incremental rate of return for each alternative. The incremental rate of return is the difference between the rate of return for an alternative and the MARR (minimum acceptable rate of return).
Using MARR = 11.0%, we get:
Alternative a: ROR = 12.0% - 11.0% = 1.0%
Alternative b: ROR = 15.0% - 11.0% = 4.0%
Alternative c: ROR = 14.0% - 11.0% = 3.0%
Alternative d: ROR = 8.5% - 11.0% = -2.5%
Based on these calculations, we should examine alternative b first, as it has the highest incremental rate of return of 4.0%.
Learn more about incremental rate at https://brainly.com/question/17120604
#SPJ11
you have $300,000 saved for retirement. your account earns 4% interest. how much will you be able to pull out each month, if you want to be able to take withdrawals for 15 years? round your answer to the nearest dollar.
You will be able to pull out approximately $2,148 per month, rounded to the nearest dollar, from your retirement account for 15 years if you have $300,000 saved and earn 4% interest.
To calculate the monthly withdrawal amount that can be taken for 15 years from a retirement account with $300,000 saved and earning 4% interest, we can use the present value of an annuity formula.
PV = PMT x [(1 - (1/(1+r)^n)) / r]
where:
PV = present value (initial investment)
PMT = payment per period
r = interest rate per period
n = number of periods
Since we want to withdraw the same amount each month for 15 years, the number of periods is 15 years x 12 months per year = 180 months.
To solve for PMT, we need to rearrange the formula as:
PMT = PV x (r / (1 - (1/(1+r)^n)))
Plugging in the given values, we get:
PMT = $300,000 x (0.04 / (1 - (1/(1+0.04)^180))) = $2,148.68
To learn more about account click on,
https://brainly.com/question/31368745
#SPJ4
ebook a new mother wants to establish a college education fund for her newborn child. she wants this fund to be worth $100,000 in 18 years. a. if she invests $75 per month, what is the minimum rate of return she would need to earn on her investment? assume monthly compounding. (hint: consider using the future value function fv( ) in your spreadsheet.) round your answer to one decimal place. % b. suppose the mother knows of an investment that will guarantee a 12% annual return compounded monthly. what is the minimum amount she should invest each month to achieve her goal? round your answer to a whole dollar amount. $
The minimum amount she should invest each month to achieve her goal is approximately $215.
The formula for future value is given as: FV = PMT × [(1 + r)n - 1] / rHere, FV = $100,000, PMT = $75, r = rate of return, and n = number of periods (18 × 12 = 216 months).Putting the given values in the formula, we get: $100,000 = $75 × [(1 + r)216 - 1] / rSimplifying the above equation, we get: r ≈ 7.1%. Therefore, the minimum rate of return she would need to earn on her investment is approximately 7.1%.b)
To calculate the minimum amount she should invest each month to achieve her goal, the formula for the present value needs to be used. The formula for present value is given as: PV = PMT × [1 - (1 + r)-n] / rHere, PV = $0 (since she hasn't invested yet), PMT = amount to be invested each month, r = 12% annual return compounded monthly, and n = 216 (number of months).Putting the given values in the formula, we get: $0 = PMT × [1 - (1 + 0.01)⁻²¹⁶] / 0.01Simplifying the above equation, we get: PMT ≈ $215.
For more such questions on invest
https://brainly.com/question/27717275
#SPJ11
ceteris paribus the amounts and level of productivity of land, labor, capital and enterprise, a significant increase in the us government budget deficit (assume deficit means t - g <0, meaning government spends more than it collect in taxes) is likely to:\
Ceteris paribus the amounts and level of productivity of land, labor, capital and enterprise, a significant increase in the US government budget deficit (assume deficit means t - g <0, meaning government spends more than it collects in taxes) is likely to cause a decrease in private investment.
The concept of Ceteris Paribus is derived from the Latin language that translates to "all other things being equal." It means that everything remains constant except the factor that is under observation, this implies that when there is a significant increase in the US government budget deficit, assuming ceteris paribus the amounts and level of productivity of land, labor, capital, and enterprise, it is likely to result in a decrease in private investment.This decrease is due to the increase in interest rates that result from increased government borrowing.
The government has to sell treasury bills to finance the deficit, and when the supply of bills goes up, the interest rates rise. As a result, the cost of borrowing for private investors increases, and they tend to invest less as a result. To summarize, ceteris paribus the amounts and level of productivity of land, labor, capital, and enterprise, a significant increase in the US government budget deficit is likely to cause a decrease in private investment.
Learn more about treasury bills at:
https://brainly.com/question/15778295
#SPJ11
estimating the cost of a product, identifying the price at which a product will be sold, and estimating the demand for a product all take place in which stage of the new-product development process? multiple choice product development new-product strategy development test marketing
Business analysis is the appropriate reaction. It is the stage of the new product development procedure known as business analysis.
By identifying needs and putting forth recommendations for solutions that benefit stakeholders, business analysis is the practise of enabling change within an organisational setting. An explanation of the business analyst's job. Business analysts support teams by helping them analyse and comprehend a business opportunity or issue. To comprehend how a company or business area functions, conduct research and analysis, taking into account the people, organization, processes, information, data, and technology. Business analysis is a profession that focuses on figuring out how to solve business issues and how to recognise business needs. Business analysts work on initiatives other than those that create software systems.
Learn more about business analysis here:
https://brainly.com/question/27271859
#SPJ4
question-
(a) product development
(b) product launch
(c) business analysis
(d) new-product strategy development
(e) test marketing
deandre recently took a new job with macklemore industries. he is responsible for buying and selling stocks for individuals looking for assistance. macklemore industries is most likely a(n) multiple choice finance company. insurance company. treasury fund. brokerage firm. credit union.
DeAndre just started working for Macklemore Industries. He is in charge of purchasing and selling stocks for people who need help. Very likely, Macklemore Industries is a Treasury Fund.
He participated in Texas A&M Aggies' basketball team for one season. The Los Angeles Clippers selected Jordan with the 35th overall choice in the second round of the 2008 NBA Draft. Before deciding to sign with the Dallas Mavericks in July 2018 as a free agent, he played 10 seasons with the Los Angeles Clippers. In January 2019 he was dealt to the New York Knicks, and in July of that same year he signed with the Brooklyn Nets. In September 2021, he was traded to the Detroit Pistons, and the following month, he signed with the Los Angeles Lakers after agreeing to a contract buyout.
Learn more about DeAndre from
https://brainly.com/question/29855105
#SPJ4
pasquale corp., a manufacturer of audio equipment, has developed a unique wireless speaker system that runs on solar power. the speakers can operate for 16 hours after being exposed to the sun for two hours. this product, which is radically different from anything available in the market, falls into which category of new products?
Pasquale Corp.'s unique wireless speaker system that runs on solar power and operates for 16 hours after being exposed to the sun for two hours is an example of a "disruptive innovation."
Disruptive innovations are new products or services that offer a unique value proposition and transform an existing market or create a new one. They often start by targeting a small, niche market and then expand to challenge established players in the industry.
Disruptive innovations create a new market or significantly alter an existing market by introducing a product or service that is fundamentally different and offers superior performance or functionality at a lower cost.
To know more about Disruptive innovations here
https://brainly.com/question/17185200
#SPJ4
suppose you have $1,000 today and the risk-free rate of interest ( rf) is 2.3%. the equivalent value in one year is closest to:
The equivalent value of $1,000 in one year, considering the risk-free rate of interest (rf) at 2.3%, is closest to $1,023
can be calculated using the formula for compound interest. This formula is:
Future Value (FV) = Present Value (PV) * (1 + Interest Rate)^Number of Periods
In this case, the present value (PV) is $1,000, the interest rate is 2.3%, and the number of periods (years) is 1. To calculate the future value, we first need to convert the interest rate into a decimal. We do this by dividing the percentage by 100:
Interest Rate (Decimal) = 2.3% / 100 = 0.023
Now, we can plug in the values into the formula:
FV = $1,000 * (1 + 0.023)^1
FV = $1,000 * (1.023)^1
FV = $1,000 * 1.023
FV = $1,023
The equivalent value of $1,000 in one year, with a risk-free rate of interest of 2.3%, is closest to $1,023. This means that if you invest your $1,000 today at the given interest rate, after one year, your investment will grow to approximately $1,023.
Know more about equivalent value here:
https://brainly.com/question/14208473
#SPJ11
the theory of rational expectations contends that policy activism is: a warranted, because discretionary policies have a strong effect on real output. b not warranted; the public defeats discretionary policies because everyone expects them, and therefore, their effectiveness is thwarted. c not warranted; the public magnifies the discretionary policies because everyone expects them, and therefore, their impact is counterproductive. d warranted, because expectations are rational only in the short run. e not warranted, because we don't know enough about the workings of the economy to stabilize it.
The answer is b. not warranted. According to the principle of rational expectations, advocating for policies is unnecessary Because everyone anticipates them, the public undermines the effectiveness of discretionary programmes.
The reasonable expectations hypothesis contends that past results affect what will happen in the future. According to the hypothesis, people tend to make the right choices the majority of the time because they base those choices on the knowledge they have at hand as well as their prior experiences.
According to one theory, monetary policy might have an impact on price level but not real GDP. According to the rational expectations hypothesis, individuals utilise all available data to predict future economic activity and price levels, and they then modify their behaviour in response to these predictions.
Read more about discretionary policies at
https://brainly.com/question/20818540
#SPJ4
nico owns 100 shares of stock x which has a price of $12 per share and 200 shares of stock y which has a price of $3 per share. what is the proportion of nico's portfolio invested in stock x? 50% 77% 67% 33%
Nico has 67% of his portfolio invested in stock X and 33% of his portfolio invested in stock Y. (option c).
In this scenario, Nico owns 100 shares of stock X, which is priced at $12 per share, and 200 shares of stock Y, which is priced at $3 per share. To determine the proportion of Nico's portfolio invested in stock X, we need to calculate the total value of Nico's portfolio and the value of stock X.
The value of Nico's stock X investment is 100 shares x $12 per share = $1,200. The value of Nico's stock Y investment is 200 shares x $3 per share = $600. Therefore, the total value of Nico's portfolio is $1,800 ($1,200 + $600).
To calculate the proportion of Nico's portfolio invested in stock X, we divide the value of his stock X investment by the total value of his portfolio:
$1,200 ÷ $1,800 = 0.67 or 67%
Then the correct choice is option c.
To know more about portfolio here
https://brainly.com/question/29333981
#SPJ4
if the u.s. dollar appreciates relative to foreign currency, what is likely to be the result for the u.s. company that has branches abroad? group of answer choices profits will increase, when measured in u.s. dollars. profits will decrease, when measured in u.s. dollars. foreign exports to the united states will decrease. foreign demand for u.s. goods and services will decrease.
If the U.S. dollar appreciates relative to foreign currency, the likely result for the U.S. company that has branches abroad is that "profits will decrease when measured in U.S. dollars" (option B).
An exchange rate is the value of one currency expressed in terms of another currency. The exchange rate determines how much money one currency can purchase in another country's currency. If the exchange rate of a country's currency increases in value relative to another currency, that country's currency has appreciated relative to the other currency.
On the other hand, if a country's currency's exchange rate decreases relative to another currency, that country's currency has depreciated relative to the other currency. When a country's currency appreciates relative to other currencies, it may have a negative impact on U.S. companies that have branches abroad because their profits will decrease when measured in U.S. dollars.
A rise in the U.S. dollar will make imported products more expensive, reducing demand for foreign goods and services in the United States. Option B is the correct answer.
You can learn more about US dollar at
https://brainly.com/question/29888233
#SPJ11
concerning a whole life policy, which of the following statements is correct? a the policy always includes guaranteed renewable and convertible provisions. b there is a maximum age for purchasing whole life. c cash value is guaranteed. d cash value may be provided by additional rider.
Life insurance is a type of endless life insurance, meaning the insured person is insured for life. It's C and the financial value is guaranteed.
The present value is the interest-bearing portion of the policy and may be available for a payday or exigency loan.
full life insurance programs give durability insurance and generally offer fixed decorations, fixed death benefits, and a cash savings element. the insured person is ensured for life as long as the decorations are paid for on time.
The main advantage of life insurance is that it's considered endless life insurance. It's designed for lifelong insurance protection with non-rising decorations, expires after a certain number of times, and can not be canceled due to illness or illness.
To know more about Whole Life Insurance,
brainly.com/question/30084080
#SPJ4
trade associations are an example of , which help firms to internalize sustainability: group of answer choices market drivers
Non-market drivers are factors that affect a firm's ability to achieve its goals and operate in the market, but are not directly related to the market forces of supply and demand. They include factors such as regulations, social norms, and stakeholder pressures, among others.
Trade associations are non-profit organizations that are formed by groups of firms in a particular industry or sector to promote their collective interests and address common challenges. They often provide a forum for firms to collaborate on issues related to sustainability, such as developing industry-wide standards and best practices, sharing knowledge and resources, and advocating for policies and regulations that support sustainable practices.
Learn more about Trade associations
https://brainly.com/question/14781182
#SPJ4
Full Question ;
trade associations are an example of , which help firms to internalize sustainability:
an automobile dealer can sell 12 cars per day at a price of $17,000. he estimates that for each $300 price reduction he can sell two more cars per day. if each car costs him $14,000, and fixed costs are $1000, what price should he charge to maximize his profit?
To maximize profit, the dealer should charge $17,000 per car. While reducing the price may increase sales, it also results in a lower profit margin due to the increased costs.
At a price of $17,000, the dealer sells 12 cars per day, resulting in a revenue of $204,000 (12 * $17,000). However, for every $300 price reduction, the dealer can sell two more cars per day.
Therefore, if the price is reduced by $300, the dealer can sell 14 cars per day, resulting in a revenue of $210,000 (14 * $15,000). Now we need to consider costs. Each car costs the dealer $14,000, so at 12 cars per day, the total cost is $168,000 per day. At 14 cars per day, the total cost is $196,000 per day. There are fixed costs of $1000 per day.
To calculate the profit, we subtract the total cost from the total revenue: At a price of $17,000: $204,000 - $168,000 - $1000 = $35,000 profit
At a price of $15,000: $210,000 - $196,000 - $1000 = $13,000 profit
Learn more about revenue here:
https://brainly.com/question/8645356
#SPJ4
compute a price-weighted stock price index for the beginning of the year and the end of the year. what is the percentage change?
The percentage change in the price-weighted stock price index is approximately 57.4%.
To compute a price-weighted stock price index, we need to find the sum of the prices of all the stocks at the beginning of the year and the end of the year, and then divide by the total number of stocks.
At the beginning of the year, the sum of the prices of all the stocks is
(100 shares x $100/share) + (1000 shares x $20/share) + (10,000 shares x $3/share) = $10000 + $20000 + $30000 = $60000
Dividing by the total number of shares, we get the price-weighted index at the beginning of the year
($60000 / 11,100 shares) ≈ $5.4/share
At the end of the year, the sum of the prices of all the stocks is
(100 shares x $94/share) + (1000 shares x $25/share) + (10,000 shares x $6/share) = $9400 + $25000 + $60000 = $94400
Dividing by the total number of shares, we get the price-weighted index at the end of the year
($94400 / 11,100 shares) ≈ $8.5/share
The percentage change in the price-weighted index is
[(End of year index - Beginning of year index) / Beginning of year index] x 100%
= [(8.5 - 5.4) / 5.4] x 100%
≈ 57.4%
Learn more about price-weighted stock here
brainly.com/question/13664992
#SPJ4
The given question is incomplete, the complete question is:
Consider the following information on the stock market in a small economy.a. Compute a price-weighted stock price index for the beginning of the year and the end of the year. What is the percentage change?
is this statement true or false? all states have financial responsibility laws. responses true true false false
Financial accountability rules are present in all 50 states. Due to these rules, drivers must demonstrate that they have the resources to pay for any damages they may be responsible for in a mishap. This assertion is true.
The purchase of automobile insurance that satisfies the state's minimal requirements is one method to adhere to these rules. State-specific guidelines and procedures for demonstrating financial accountability, however, differ.
For drivers to be able to pay for any damages they may cause in a mishap, financial accountability rules are in place. State-by-state variations in these laws apply, but generally speaking, drivers must show that they have the resources to cover any losses they may cause.
One way to comply with these laws is by purchasing car insurance that meets the state’s minimum requirements. However, there are other ways to comply with financial responsibility laws as well. For example, some states allow drivers to post a bond or make a cash deposit as proof of financial responsibility. In some cases, businesses may be allowed to self-insure their fleet of vehicles.
To learn more about financial accountability
https://brainly.com/question/28027139
#SPJ4
countries with low gdp per person tend to have a. lower rates of child malnutrition. b. fewer infants with low birth weight. c. more access to safe drinking water. d. higher rates of infant mortality.
Countries with low GDP per capita typically face economic challenges such as poverty, inadequate healthcare infrastructure, and limited access to resources, which can result in higher rates of infant mortality. So the correct option is d.
Lower GDP per capita may also be associated with insufficient nutrition, lack of access to safe drinking water, and inadequate prenatal care, leading to increased infant mortality rates. This is a well-documented trend observed in global health and development research. So, option d is the correct answer. Options a, b, and c are not typically associated with countries with low GDP per capita.
Learn more about GDP
https://brainly.com/question/31197617
#SPJ4
tresses, inc., which has a december 31 year end, lent $1,000 on december 1 to an employee at 6% due in 6 months. when will tresses record interest revenue? it will record .
Tresses, Inc. will record interest revenue on June 1, which is six months after the loan was made on December 1. This is because the loan has a six-month term and is due on June 1.
Under the accrual basis of accounting, interest revenue should be recognized as it is earned, not necessarily when the cash is received. In this case, Tresses, Inc. earns interest revenue as time passes and the employee uses the borrowed funds.
The interest revenue should be calculated by multiplying the principal amount of the loan ($1,000) by the interest rate (6%) and by the fraction of the year that has passed since the loan was made (half a year). This results in interest revenue of $30 for the six-month period.
Therefore, Tresses, Inc. will record interest revenue of $30 on June 1, which is the date that the loan becomes due and payable.
This revenue should be recorded as a credit to interest revenue and a debit to the accounts receivable or cash account, depending on whether the employee pays back the loan in cash or with an accounts receivable.
Learn more about interest here:
https://brainly.com/question/30955042
#SPJ4
imagine that you are the manager of an aspiring multinational video conferencing company. what would not be a strategic reason for your company to expand outside your domestic market to improve its overall competitiveness? multiple choice to seek a profit sanctuary to develop export markets to create new licensing opportunities to establish a subsidiary in a foreign market to franchise operations under local ownership
To Seek A Profit Sanctuary is the option that would not be a strategic justification for expanding outside your home market.
What exactly is a Profit Sanctuary ?The various international markets where a company is content and makes a lot of money are known as profit sanctuaries. It is expected that the business will have a robust market and the necessary resources to generate a profit.
Profit sanctuaries are a valuable competitive asset in global industries because these are the areas where businesses are known to make the most of their money. Typically, a company's home market is its most strategically important profit sanctuary. They have accumulated the majority of their wealth there steadily.
Because of this, the company will not expand beyond their domestic market.
To learn more about Profit visit :
https://brainly.com/question/15699405
#SPJ1
the asb transaction objective that requires the auditor to establish evidence that all transactions and accounts that should be presented in the financial statements are included is?
The management's claim of accuracy is connected to posting and summarizing. The completeness objective is a transaction-related audit objective that examines whether documented transactions have actually occurred.
Whether a business is a for-profit enterprise, a public institution, or a nonprofit, management is the administration of a corporation. It involves both the art and science of resource management for a business. Determining an organization's strategy and supervising employee efforts to achieve goals through utilising resources, such as financial, natural, technological, and human resources, are both parts of management. The terms "run the business" and "change the business" are used in management to distinguish between carrying on with the provision of goods or services .Managers, who are in charge of overseeing a business, are also referred to as "management." Some college students major in management.
Learn more about management from
https://brainly.com/question/1276995
#SPJ4
why is there an emphasis on nonprice competition in oligopoly markets rather than on lowering prices to gain market share
Because non-price competition is more sustainable than price competition, it is prioritized in oligopoly markets rather than cutting prices to increase market share.
Oligopolists favor non-price competition over price wars when they engage in rivalry. The risk is that competitors would just lower their prices in response. A price decrease may accomplish strategic objectives, such as increasing market share or discouraging entrants.
Non-price competition is a business strategy that emphasizes outstanding product quality, a compelling USP, a fantastic location, and exceptional service over reduced pricing as means of luring customers and boosting sales. It aids in brand differentiation and gaining new clients.
Learn more about oligopoly markets Visit: brainly.com/question/13635083
#SPJ4