With compound interest on a principal of $5,000.00 at a rate of 8% per year compounded 1 time per year over 12 years is $12,590.85.
Compound interestGiven Data
Principal = $5,000 Time = 12 yearsRate = 8%Assuming a compounded interest approach
A = P + I where
P (principal) = $5,000.00
I (interest) = $7,590.85
Calculation Steps:
First, convert R as a percent to r as a decimal
r = R/100
r = 8/100
r = 0.08 rate per year,
Then solve the equation for A
A = P(1 + r/n)nt
A = 5,000.00(1 + 0.08/1)(1)(12)
A = 5,000.00(1 + 0.08)(12)
A = $12,590.85
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which of the following pieces of information will you find on the safety data sheet
walmart
Normally, the safety data sheet (SDS) for a product offered by Walmart will contain details regarding the risks associated with the product, including any potential physical risks or health impacts connected with its use or handling.
Additionally, it might contain details on the proper safety precautions or safeguards to use when utilizing the product, as well as first aid procedures to follow in the event of exposure or unintentional ingestion.
The SDS may also include details on the chemical makeup of the product, its characteristics, and any potential chemical interactions, as well as details on disposal and storage.
The specific information on the SDS will vary depending on the product in question and the laws governing its use and handling.
Here are some examples of the kinds of details you might discover on a safety data sheet:
A household cleaner might have a safety data sheet that details the product's chemical makeup, potential risks (including eye or skin irritation), and safety measures to take when using the product.
An SDS for a paint product may contain details on the chemicals used in the paint and any potential dangers.
An SDS for a product used in a laboratory setting may provide information on the possible health effects of the chemicals in the product and handling safety measures.
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the question is incomplete. the complete question is
What pieces of information will you find on the safety data sheet Walmart?
What number should be in E1 (based on the formula)?*
Answer: To sum up the following numbers in excel sheet : -
Explanation:
There are two ways :
You can use Auto Sum.You can use formula (for range) =SUM( FIRST CELL : LAST CELL )For your case, the formula in E1 you applied is : =SUM( A1 : C1 )
Hence, the answer will be 8.
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List excel formulas for n 20--, the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be withheld from each officer’s pay on (a) November 15 and (b) December 31.
Name and Title Annual Salary OASDI Taxable Earnings OASDI Tax HI Taxable Earnings HI Tax
Hanks,Timothy, President $168,000
Grath, John, VP Finance 144,000
James,Sally, VP Sales 69,600
Kimmel, Joan, VP Mfg. 54,000
Wie, Pam, VP Personnel 51,600
Grant, Mary, VP Secretary 49,200
To calculate FICA taxes to be withheld from each officer's pay, we need to first calculate their semi-monthly salaries and then their OASDI and HI taxable earnings.
Assuming there are 24 pay periods in a year (12 months * 2 pay periods per month).
The semi-monthly salaries for each officer are as follows:
Hanks, Timothy, President: 168,000 / 24 = $7,000
Grath, John, VP Finance: 144,000 / 24 = $6,000
James, Sally, VP Sales: 69,600 / 24 = $2,900
Kimmel, Joan, VP Mfg.: 54,000 / 24 = $2,250
Wie, Pam, VP Personnel: 51,600 / 24 = $2,150
Grant, Mary, VP Secretary: 49,200 / 24 = $2,050
To calculate OASDI taxable earnings, we need to know the wage base limit for the year. For 20--, the wage base limit is $142,800.
The OASDI taxable earnings for each officer are as follows:
Hanks, Timothy, President: Min($7,000, $142,800) = $7,000
Grath, John, VP Finance: Min($6,000, $142,800) = $6,000
James, Sally, VP Sales: Min($2,900, $142,800) = $2,900
Kimmel, Joan, VP Mfg.: Min($2,250, $142,800) = $2,250
Wie, Pam, VP Personnel: Min($2,150, $142,800) = $2,150
Grant, Mary, VP Secretary: Min($2,050, $142,800) = $2,050
To calculate HI taxable earnings, there is no wage base limit. All earnings are subject to HI tax.
The HI taxable earnings for each officer are as follows:
Hanks, Timothy, President: $7,000
Grath, John, VP Finance: $6,000
James, Sally, VP Sales: $2,900
Kimmel, Joan, VP Mfg.: $2,250
Wie, Pam, VP Personnel: $2,150
Grant, Mary, VP Secretary: $2,050
To calculate the FICA taxes to be withheld from each officer's pay, we need to use the following formulas:
OASDI Tax = OASDI Taxable Earnings * 6.2%
HI Tax = HI Taxable Earnings * 1.45%
Using these formulas, the FICA taxes to be withheld from each officer's pay on November 15 and December 31 are as follows:
Name and Title OASDI Tax (November 15) HI Tax (November 15) OASDI Tax (December 31) HI Tax (December 31)
Hanks, Timothy, President $434.00 $101.50 $434.00 $101.50
Grath, John, VP Finance $372.00 $87.00 $372.00 $87.00
James, Sally, VP Sales $179.80 $41.95 $179.80 $41.95
Kimmel, Joan, VP Mfg. $139.50 $32.33 $139.50 $32.33
Wie, Pam, VP Personnel $133.40 $31.03 $133.40 $31.03
Grant, Mary, VP Secretary $127.40 $29.68 $127.40 $29.68
Note that the OASDI tax rate is 6.2% and the HI tax rate is 1.45%, and these rates do not vary with the semi-monthly salaries of the officers.
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This incentive contract is based on a target price of $260,000 withexpected costs of $240,000 and target incentive of $5,000.Thecontract specifies a share ratio of 80/20. If the actual cost is $249,000, what is the seller's final fee?A.$5,000,B.$13,800,C.$11,000,D.$7,200
The seller's final fee is $7,200. which is option D. based on the incentive contract.
The seller's final fee can be calculated by subtracting the target cost from the actual cost and multiplying it by the share ratio.
First, let's calculate the difference between the actual cost and the target cost:
Actual cost - Target cost = $249,000 - $240,000 = $9,000
Next, we multiply the difference by the share ratio:
$9,000 * (80/100) = $7,200
Therefore, the seller's final fee is $7,200.
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Rodgers Corporation produces and sells football equipment. On July 1, 20Y1, Rodgers issued $26,500,000 of 10-year, 12% bonds at a market (effective) interest rate of 11%, receiving cash of $28,083,449. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year.
Required:
For all journal entries, if an amount box does not require an entry, leave it blank.
Question Content Area
1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, 20Y1.
The entry to record the cash proceeds from the issuance of the bonds on July 1, 20Y1 is:
Cash 28,083,449
Bonds Payable 26,500,000
Premium on Bonds Payable 1,583,449
The company received cash of $28,083,449 from the issuance of the bonds, which is the face value of $26,500,000 plus a premium of $1,583,449. The premium is the difference between the face value and the cash received, and represents the additional amount that investors are willing to pay for the bonds due to their higher interest rate compared to the market rate. The Premium on Bonds Payable account is a contra account to the Bonds Payable account, and reduces the carrying value of the bonds on the balance sheet.
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Which statement is true regarding monopolistic competition?
Answer:
AR>MR
--------------------------------------
WHERE ARE THE OPTIONS.
Suppose you are a human resource professional at a company setting up work
teams for production and sales. Explain at least four legal requirements which need
to be embedded in your pay structure to support this new work arrangement.
If I were a human resource professional at a company setting up work teams for production and sales, the four legal requirements that need to be embedded in my pay structure to support this new work arrangement are:
The nation's minimum yearly salary.State minimum wage is paid.Minimal wage for the employees.A flat wage for the position.What will the legal requirements be about?A group incentive plan is a form of compensation that bases pay on the collective performance of a team and emphasizes cost-cutting, productivity growth, and achieving organizational objectives.
I supposedly work in human resources for a company that organizes work teams for sales and production and I would suggest the below point to encourage this new work arrangement:
Teams that are unable to function independently are provided group incentive plans. They are only able to function in teams, and the job itself necessitates it.Learn more about human resource professional from
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On top of being responsible for the
physical resources in a project, a
construction manager is also
responsible for which of the following?
A. Coordination
B. Sales
C. Marketing
Answer:
A. CoordinationExplanation:
By comparing prices at different stores, consumers will:
By comparing prices at different stores, consumers will save money and make informed purchasing decisions.
How can comparing prices at different stores benefit consumers?Comparing prices at different stores allows consumers to make informed purchasing decisions and save money. By taking the time to research and compare prices, consumers can identify the best deals and discounts available for the products they intend to buy.
This practice helps them ensure that they are getting the most value for their money. It can also help consumers uncover any price discrepancies or inflated prices allowing them to avoid overpaying for goods and services.
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Think about the following situation and tell me what
things could possibly go wrong. Please provide at
least 2 possibilities.
A job interview
Should government raise the minimum wage?
or
• Should government set the price of gasoline?
ck out these tips for help with your research. You
e your sources of information.
Answer:
Minimum wage: The minimum wage is the lowest wage that an employer can legally pay their employees. The debate over raising the minimum wage revolves around whether it would benefit low-wage workers or harm employers and the economy. Proponents argue that a higher minimum wage would lift people out of poverty and reduce income inequality. Opponents argue that it would lead to job losses and increased costs for businesses, which could ultimately harm the economy. To research this topic, you can look at studies and reports from reputable sources on the economic impact of raising the minimum wage in different countries or regions.
Gasoline prices: The price of gasoline is determined by various factors, including supply and demand, production costs, and government policies. Setting the price of gasoline is a controversial issue, as it could affect the economy and consumers. Proponents argue that setting the price of gasoline could reduce the cost of living for consumers, while opponents argue that it could create inefficiencies in the market and distort supply and demand. To research this topic, you can look at reports and analyses from reputable sources on the effects of government intervention in setting gasoline prices in different countries or regions.
Which of the following hazards is most dangerous for agricultural workers?
O excessive noise
O joint injuries
O unclean conditions
O heat exposure
Innovate ways where you can prove the law of action-reaction.
The ways where you as a person can prove the law of action-reaction are:
When a player pushes the ball forward with force while holding it, the ball pushes back on the player's hand.Student tugs on desk, which tugs back on student (This is how you can "pull" yourself forward.)How can the law of action and reaction be proven?When a person pushes against a wall (action force), the wall pushes back with an equal and opposing force (reaction force). The Space Shuttle lifts (there is no slingshot involved!) because the hot gases push out hot gases (action force) and exert a force on the Space Shuttle engines (reaction force).
Therefore, it can also be shown through Swimming. With the use of the hands, a forward-swimming individual forces the water to move backward. A response force is created as a result of the action force that the individual is exerting.
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When should you use capitalization?
Answer:
you should use capitalization at the beginning of a sentence. you should also use capitalization for pronouns. names of things for example cities and states people names etc
In 2020, Cullumber Company reported net income of $585000. It declared and paid preferred stock dividends of $111000 and common stock dividends of $54000. During 2020, Cullumber had a weighted average of 300000 common shares outstanding. Compute Cullumber's 2020 earnings per share.
Answer: $1.58
Explanation:
Earnings per share is the amount of a company's earnings that is available to the common shareholders.
Formula is;
Earnings per share = (Net Income - Preferred dividends) / Weighted average common share outstanding
= (585,000 - 111,000) / 300,000
= $1.58
introduction of business presentation on investment: securities
Securities play a vital role in modern investment portfolios, providing individuals and organizations with opportunities to grow their wealth and achieve their financial goals.
Securities are financial instruments that represent ownership or a creditor relationship with a corporation, government, or other organizations. They are tradable assets, such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs).
The primary goal of investing in securities is to generate returns through capital appreciation, income generation, or a combination of both. By investing in securities, individuals and businesses can diversify their portfolios, mitigate risks, and potentially earn higher returns than traditional savings accounts.
Securities offer various advantages to investors. Stocks provide an ownership stake in a company, offering potential capital gains and dividend income. Bonds, on the other hand, represent loans made to governments or corporations and offer fixed interest payments. Mutual funds and ETFs enable investors to pool their money and gain exposure to a diversified portfolio managed by professionals.
Investing in securities requires careful consideration of individual risk tolerance, investment horizon, and financial objectives. It is crucial to conduct thorough research, analyze market trends, and seek professional advice when making investment decisions.
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Steps to follow when preparing a budget
Answer:
1. Assess your financial resources
The first step is to calculate how much money you have coming in each month. This might be investment income, government assistance, student loans, employment income, disability benefits, retirement pensions or money from other sources.
2. Determine your expenses
Next you need to determine how you spend your money by reviewing your financial records. If your records aren't clear, consider keeping a financial diary to track your spending.
Be sure to separate the fixed expenses that you must meet (mortgage, rent, car payments, insurance) from variable expenses (food, clothing, entertainment, charitable gifts). Once you see your spending patterns, you may be able to make adjustments to certain expenses.
3. Set goals
Establish a list of the goals you wish to achieve. These can be long-term goals like purchasing property or funding your retirement. Or they can be short-term goals such as home improvements or car maintenance.
4. Create a plan
Once you've figured out how much money is coming in and where it's going, you can put together a plan that matches your goals with your financial situation.
5. Pay yourself first
When you pay yourself first you simply set aside a certain amount of money each month to go into an account that you will not touch. You can set up a separate savings account for infrequent but anticipated expenses, such as property taxes, vacations, automobile insurance or car maintenance. Our Jumpstart® is specially designed for these types of savings plans.
6. Track your progress
At the end of each month, you should re-evaluate your budget. Compare your actual expenses and income to your budget and make appropriate adjustments.
Once your budget is done, things are bound to change. They always do. So stay flexible. And remember, a budget is only a guideline. It doesn't factor in non-financial considerations that can result from drastic changes in spending habits.
Discuss the pros and cons of BMWs selective target marketing? What has the firm done well over the years and where could it improve? (20 marks)
Selective target marketing allows BMW to focus on a specific market segment, offering tailored products and services that appeal to its target audience.
This approach has several pros and cons.
Pros:
1. Precise targeting: By focusing on a specific group, BMW can create customized offerings that cater to the unique preferences of its customers, leading to higher satisfaction and brand loyalty.
2. Efficient resource allocation: Concentrating on a specific segment enables BMW to allocate resources efficiently, ensuring better returns on investment.
3. Enhanced brand image: By offering high-quality products and services to a select clientele, BMW has built a strong, premium brand image over the years.
Cons:
1. Limited market reach: Selective targeting may limit BMW's customer base, restricting potential growth.
2. Vulnerability to market fluctuations: Focusing on a single segment makes BMW vulnerable to changes in market dynamics, affecting its overall performance.
3. Increased competition: BMW faces fierce competition within its target segment, as competitors vie for the same customers.
Over the years, BMW has excelled at creating innovative, high-performance vehicles and maintaining a strong brand image. To improve, the firm could explore new market segments, diversify its product range, and adopt a more flexible marketing approach to accommodate the evolving preferences of its target audience.
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Consider the following data representing the price of laptop computers (in dollars).
1365, 1240, 1371, 1052, 1238, 1293, 1043, 1393, 1416, 1035, 1092, 1428, 1288, 1175, 1098, 1083, 1313, 1300, 1060, 1120, 1116
Determine the class width of the classes listed in the frequency table.
Answer:
The class width is calculated by subtracting the lowest value from the highest value in the given data set. In this case, the lowest value is 1035 and the highest value is 1428, so the class width is 1428 - 1035 = 393.
Explanation:
Founded nearly 50 years ago by Alfred Lester-Smith, Beautiful Clocks specializes in developing and marketing a diverse line of large ornamental clocks for the finest homes. Tastes have changed over the years, but the company has prospered by continually updating its product line to satisfy its affluent clientele. The Lester-Smith family continues to own a majority share of the company and the grandchildren of Alfred Lestef-Smith now hold several of the top managerial positions. One of these grandchildren is Meredith Lestef-Smith, the new CEO of the company. Meredith feels a great responsibility to maintain the family heritage with the company. She realizes that the company needs to continue to develop and market exciting new products. Since the 50th anniversary of the founding of the company is rapidly approaching, she has decided to select a particularly special new product to launch with great fanfare on this anniversary. But what should it be?
Answer:
Beautiful Clocks
It should be a large Golden (50th Year) Anniversary Ornamental Clock with gold-tinted background.
Explanation:
This type of clock will be handy for those who want to celebrate their friends' 50th birthdays and other anniversaries. It will also immortalize the Beautiful Clock Company as an entity that lives with the time. This clock will be exciting to its affluent clientele, who are always in celebration moods.
what is paying divedends to stockholders do?
Dividends are paid out by companies as a strategy to reward present stockholders and lure in new ones.
Owners of one or more shares of a company's capital stock are referred to as stockholders or shareholders. As a result of being seen as distinct from the corporation, an investor is only partially liable for its debts. Common stockholder is a term used to describe a person who owns shares of common stock in a firm. The corporation's board of directors is chosen by the company's common investors, who also cast ballots on specific decisions like the company's merger with another corporation. When a business succeeds more and more, common stockholders typically benefit financially. Some businesses also issue preferred stock along with common stock. Preferred stockholders are the people who own shares of preferred stock.
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Determine the total expenses based on the following data
assets 72,000
owner's equity 70,000
revenues 20,000
liabilities 16,000
From the given data, it appears that the expenses result in a negative value of $-14,000. This indicates a deficit, which suggests that the company's liabilities and owner's equity exceed its assets.
To determine the total expenses based on the given data, we need to use the accounting equation: Assets = Liabilities + Owner's Equity. In this case, we are given the values of assets, owner's equity, and liabilities.
Assets = $72,000
Owner's Equity = $70,000
Liabilities = $16,000
Using the accounting equation, we can calculate the total expenses by rearranging the equation:
Expenses = Assets - Liabilities - Owner's Equity
Expenses = $72,000 - $16,000 - $70,000
Expenses = $-14,000
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Bacrometer, Inc., makes part no. 566 on one of its production lines. Each month Bacrometer makes 6,000 of part no. 566 at a variable cost of $4 per part. Bacrometer has been provided a bid for part no. 566 from another manufacturer that will make the part for $5 per part. Bacrometer knows the production line could be rented to another manufacturer for $8,000 per month. Fixed costs associated with the production line will remain unchanged regardless of the company's decision.
a. Compute the incremental cost to make with the incremental cost to buy. Remember the incremental cost to make includes the opportunity cost of the foregone rent revenue.b. Should Bacrometer continue to make part no. 566?
Answer:
A. Incremental cost to make $32,000
Incremental cost to buy $30,000
B. Bacrometer should NOT continue to make part no. 566
Explanation:
a. Computation for the incremental cost to make with the incremental cost to buy.
Calculation for Incremental cost to make
Using this formula
Incremental cost to make = Opportunity cost + Variable cost of making
Let plug in the formula
Incremental cost to make= $8,000 + (6,000 x $4)
Incremental cost to make=$8,000+$24,000
Incremental cost to make = $32,000
Therefore Incremental cost to make is $32,000
Calculation for Incremental cost to buy using this formula
Incremental cost to buy = Purchase price per unit x Number of units purchased
Let plug in the formula
Incremental cost to buy= $5 x 6,000
Incremental cost to buy= $30,000
Therefore Incremental cost to buy is $30,000
b. Based on the above calculation Bacrometer should NOT continue to make part no. 566 reason been that the incremental cost to make which has the amount of $32,000 is higher than the incremental cost to buy which has the amount of $30,000.
ACTIVITY 11 You have been asked to address a group of young people who will be travelling overseas. They will all need to give a short presentation to people in the countries where they are going. What advice would you give them about making such presentations? Explain fully.
Giving presentations is a skill that is useful in almost every profession. For young people traveling overseas, making presentations can be a daunting task.
Therefore, while addressing a group of young people who will be traveling overseas and who will need to give short presentations to people in the countries where they are going, the following advice can be helpful:
Be Prepared: It is important to be well-prepared before making a presentation. Therefore, one should always carry an extra copy of the presentation and practice it before presenting it to an audience. Additionally, one should ensure that all the equipment required for the presentation, such as projectors and laptops, are in good working condition. One should also make sure that the internet connection is working well to avoid any technical hitches that may interrupt the presentation.
Research the Culture: The young people traveling overseas should do their research on the countries they will be visiting, and their cultures. They should be aware of the cultural practices of the people they will be presenting to so that they can adapt their presentation to suit the audience's culture. For instance, if presenting to a culture that values eye contact, then one should maintain eye contact while speaking during the presentation.
Dress Code: It is important to be mindful of the dress code when making a presentation in a foreign country. Young people traveling overseas should find out about the dress code in the country they will be visiting, and they should dress appropriately. Wearing the appropriate clothing sends a message that one has respect for the culture and traditions of the country they are visiting. Therefore, one should avoid wearing clothing that may be considered offensive or inappropriate.
Flexibility: Young people traveling overseas should be flexible with their presentations. They should be prepared to adjust their presentations depending on the audience's response. If the audience does not respond well to a particular point in the presentation, then one should be prepared to move on to the next point or adjust the presentation accordingly. Being flexible during a presentation shows that one is sensitive to the needs of the audience and is willing to adapt to meet their needs.
In conclusion, making presentations in a foreign country can be challenging. However, with proper preparation and research, young people traveling overseas can make successful presentations.
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why is manufacturing becoming more competitive
The efficiency of the typist is known to be 50 words/minute with standard deviation 5 words/minute she is given a new training in 36 tests. She is scored an average of 52words/minute. Do you conclude that the training has improved her speed at 0.05?
Based on the given data, we can conclude that the training has significantly improved the typist's speed at a significance level of 0.05.
How to determine if the training has improved her speed at 0.05To determine whether the training has improved the typist's speed significantly, we can perform a hypothesis test using the given information. We will use a significance level of 0.05, which means that we are willing to accept a 5% chance of making a Type I error (incorrectly concluding that the training has improved the speed when it actually hasn't).
Let's set up the null and alternative hypotheses:
Null hypothesis (H0): The training has not improved the typist's speed. μ = 50 words/minute.
Alternative hypothesis (H1): The training has improved the typist's speed. μ > 50 words/minute.
To test these hypotheses, we can perform a one-sample t-test since we know the population standard deviation.
The test statistic for a one-sample t-test is given by:
t = (xbar - μ) / (s / √n),
where xbar is the sample mean, μ is the hypothesized population mean, s is the standard deviation, and n is the sample size.
In this case, xbar= 52 words/minute, μ = 50 words/minute, s = 5 words/minute, and n = 36.
Let's calculate the test statistic:
t = (52 - 50) / (5 / √36) = 2 / (5 / 6) = 2 * 6 / 5 = 12 / 5 = 2.4.
Next, we need to find the critical value corresponding to a significance level of 0.05. Since the alternative hypothesis is one-sided (μ > 50), we will find the critical value from the t-distribution with degrees of freedom (df) equal to n - 1 (36 - 1 = 35) and a one-tailed significance level of 0.05.
Using a t-table or a t-distribution calculator, the critical value for df = 35 and a one-tailed significance level of 0.05 is approximately 1.691.
Since the test statistic (2.4) is greater than the critical value (1.691), we reject the null hypothesis. This means we have sufficient evidence to conclude that the training has improved the typist's speed at a significance level of 0.05.
Therefore, based on the given data, we can conclude that the training has significantly improved the typist's speed at a significance level of 0.05.
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what are the three functions of money? which of the functions do the following items satisfy? which do they not satisfy? a. a.credit card b. a painting by rembrandt c. a subway token
Money serves as a unit of account, a means of exchange, and a store of value.
What exactly constitutes money, and what does it actually accomplish?To facilitate value-based transactions, a liquid asset, such as money, is used. It allows for communication between things and people. It serves as a unit of account and a store of value, and it can be used to determine the value of other objects.
A. A credit card - Because it is accepted as payment for goods and services, a credit card can function as a medium of exchange. A credit card could be considered a (negative) store of value because you can accumulate debt with one. A car, for example, doesn't cost 5 VISA cards, hence a credit card isn't an accounting unit.
B. A painting by Rembrandt - A Rembrandt painting is nothing more than a store of value. It is neither a tool for trade nor a measure of value.
C. A subway token - All three functions of money are served by a metro token in a subway system. Nonetheless, it is not a kind of money outside of the subway system because it is not frequently used as a unit of account or a medium of exchange.
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Consider total cost and total revenue, given in the following table:
In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)
Total Cost Marginal Cost
(Dollars)
Quantity (Dollars)
0
1
2
3
4
5
6
7
5
6
8
11
15
20
26
35
05
06
07
Total Revenue Marginal Revenue
(Dollars)
(Dollars)
0
6
12
18
24
30
36
42
AAAAAAA
Profit
(Dollars)
In order to maximize profit, how many units should the firm produce? Check all that apply.
04
The solution to the given question when we consider total cost and total revenue, given in the following table:
The Financial TableQuantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit
------- | -------- | -------- | -------- | -------- | --------
0 | 5 | 5 | 0 | 0 | -5
1 | 11 | 6 | 6 | 6 | 1
2 | 17 | 6 | 12 | 6 | 5
3 | 24 | 7 | 18 | 6 | 4
4 | 31 | 8 | 24 | 6 | -7
5 | 39 | 8 | 30 | 6 | -9
6 | 47 | 8 | 36 | 6 | -11
7 | 55 | 8 | 42 | 6 | -13
As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.
Therefore, the answer to the question is 3.
In summary:
The firm's profit is maximized at quantity 3.This is because the marginal revenue is equal to zero at this point.If the firm produces more units, it will start to lose money.Therefore, the answer to the question is 3.Read more about marginal revenue here:
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Consider the two key forces driving the new marketing realities. How are they likely to change in the future? What other major trends or forces might affect marketing? Discuss your choices.
Two key forces driving the new marketing realities are technology and globalization.
Globalization emerged from technological development and enabled greater social and economic interaction between countries in the world. This is therefore a significant force driving global trends in consumption and consumer behavior that drive new marketing realities.
The internet is also a technology capable of boosting marketing as it has revolutionized the way people communicate, consume and interact with companies through social media.
It is possible to observe the new consumption trends through the expressive growth of online commerce, which are essential indicators for companies to monitor consumer traffic on the internet and, through the monitoring of these indexes, predict their audience, its characteristics, tastes, online behavior, etc, to develop marketing strategies focused on online influence and consumer relationships.
A new marketing force that has been gaining more consistency is sustainability, as consumers are increasingly critical of companies whose activities negatively impact the environment, which has led to a change and adaptation of companies to be environmentally responsible and more accepted by more conscientious consumers.
Therefore, marketing trends are driven by current consumer habits and behavior, being modified from the new set of values established in society.
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100 POINTS PLEASE HELPPPPP A corporation can act as a human, in that it can sue. In what other way does a corporation have human characteristics?
A. Corporation can own property.
B. Corporation can liquidate owners' assets.
C. Corporation can be a sole proprietorship.