Draw a graph of "catch-up" that shows where you would expect to see a country with low saving rates and low levels of health and education. How would you expect real GDP per capita to grow in a country like this? Explain your answer
Answers
A catch-up graph is a scatter plot with a line that shows how fast real per capita GDP grows in countries that start out poor.
A country with low levels of health and education and low saving rates is considered to be in the "low-growth trap."In a country with low saving rates and low levels of health and education, the real GDP per capita would grow slowly and be unstable. Because investment in education and healthcare leads to better health outcomes and human capital accumulation, which leads to economic ,development countries with low health and education levels may have difficulty catching up economically. In this regard, there would be little or no economic growth, which would lead to low productivity and standard of living. As a result, the quality of life for the citizens would be low.To conclude, the above-mentioned country would be unable to catch up economically due to low saving rates and poor health and education facilities.
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Related Questions
_______ will help you maintain good credit.
Answers
Paying your Bills on Time will help you to maintain good credit.
Why do one need to Pay Bills on Time?The act if paying one's credit card bills and other forms of loans on time is very vital.
Mostly because late or missed payments could lead to a dip in one's credit score. If one is not totally concerned about missing a due date, it is better to have a form of automatic bill payment that can help one to stay on top of one's account payments.
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Answer: lowering your balances
Can people boost their points on their questions?
Answers
Answer:
Yes.
Explanation:
Imagine an influential new study shows that eating eggs drastically reduces the risk
of heart attacks. Which of the following is most likely to be the initial effect of the
study on the egg market?
A. The demand for eggs will increase, and the price of eggs will rise.
B. The demand for eggs will decrease, and the price of eggs will fall.
C. The supply of eggs will increase, and the price of eggs will rise.
D.The supply of eggs will decrease, and the price of eggs will fall.
Answers
According to the new study, the most likely to be the initial effect of the study on the egg market is the demand for eggs will increase, and the price of eggs will rise. The correct option is (A).
What is demand?The quantity of a good that consumers are willing and able to buy at different prices during a specific time is known as demand in economics. The demand curve is another name for the relationship between price and quantity demand.
Demand for a given product depends on a variety of factors, including perceived need, price, perceived quality, convenience, alternatives offered, buyer preferences and disposable money.
Therefore, according to the new study shows that eating eggs drastically reduces the risk of heart attacks. The most likely to be the initial effect of the study on the egg market is the demand for eggs will increase, and the price of eggs will rise.
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Explain what is meant by the "impact of cumulative risk
factors" in a school environment
Answers
The "impact of cumulative risk factors" in a school refers to the combined effect of multiple risk factors that students may experience, which can have a negative influence on their academic performance, well-being.
Cumulative risk factors refer to the accumulation of various challenges or adversities that students face, both inside and outside of the school setting.
These risk factors can be diverse and may include socio-economic disadvantages, family instability, exposure to violence, inadequate access to healthcare or nutrition, limited educational resources, discrimination, and other environmental stressors. Each individual risk factor can have its own negative impact, but when multiple risk factors coexist and interact, they can create a cumulative effect that significantly hampers a student's ability to succeed academically and thrive in the school environment.
The impact of cumulative risk factors can manifest in various ways, such as:
1. Academic performance: Students facing multiple risk factors may struggle academically due to factors like unstable home environments, lack of access to educational resources, or inconsistent support systems. These challenges can hinder their ability to concentrate, engage in learning, and meet academic expectations.
2. Socio-emotional well-being: Cumulative risk factors can have a profound impact on a student's mental and emotional well-being. They may experience higher levels of stress, anxiety, and depression due to the ongoing adversity they face. This can result in decreased motivation, self-esteem issues, behavioral problems, and difficulty forming positive relationships with peers and teachers.
3. Long-term outcomes: The impact of cumulative risk factors can extend beyond the school years and affect a student's long-term outcomes. It can contribute to an increased risk of academic underachievement, higher dropout rates, limited post-secondary educational opportunities, and reduced employment prospects.
Addressing the impact of cumulative risk factors requires a comprehensive and holistic approach that recognizes the interplay between various risk factors and their cumulative effects. It involves creating a supportive school environment that provides targeted interventions and resources to address the specific challenges faced by students.
This may include implementing programs that promote socio-emotional support, academic assistance, family engagement, community partnerships, and access to essential services to mitigate the negative impact of cumulative risk factors and support students' overall development and success.
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In the last pay period, Joana paid $201.60 in total taxes on their gross earnings of $1120. What percentage of their gross income do they pay in taxes?
Answers
The percentage of gross income that was paid in taxes by Joana was 18 % of gross income.
How to find the percentage of gross income?To find the percentage of Joana's gross income that she paid in taxes, we can use the following formula:
Percentage of income paid in taxes = (Total taxes paid / Gross income) x 100%
Plugging in the given values, we get:
Percentage of income paid in taxes = (201.60 / 1120) x 100%
Percentage of income paid in taxes = 0.18 x 100%
Percentage of income paid in taxes = 18%
Therefore, Joana paid 18% of her gross income in taxes during the last pay period.
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how saving account fits with my time horizon retirement
Answers
An investment's time horizon is indeed the length of time it will be held before being sold. Choose the best Retirement savings are the most popular long-term investments.
What do you mean by investment?A purchase made with the intention of creating income or capital growth is known as an investment. Appreciation is the term for an asset's value rising over time. A person buys in a good with the intention of using it to build wealth in the future rather than for current consumption.
How can beginners invest?Open a Demat and trading account using your linked banking account. Log into that trading account. Select the shares that you wish to buy or sell. Ensure that you have the requisite amount of funds in your account to buy the shares.
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A business school with plenty of classroom space that hires adjunct faculty for a semester to meet unusually high student demand for courses is an example of elevating a bottleneck. True False
Answers
Answer:
True
Explanation:
Given that a bottleneck is a term often used in business or any operational situation to describe the situation whereby there is overcrowding at a particular point in time of operation.
And to elevate bottleneck means to solve the issue of bottleneck by making it a priority. This can be done in many ways, one of which is to improve the workspace or make arrangements for additional space or machines.
Hence, it is TRUE that A business school with plenty of classroom space that hires adjunct faculty for a semester to meet unusually high student demand for courses is an example of elevating a bottleneck.
If ABC International has standardized its product line throughout the world it is pursuing a
a. multidomestic strategy.
b. retrenchment strategy.
c. diversity strategy.
d. globalization strategy.
Answers
If ABC International has standardized its product line throughout the world, it is pursuing a globalization strategy (d).
This involves creating a standardized product or service that can be sold in multiple countries, with little to no customization or localization. This allows the company to benefit from economies of scale and lower costs, while also increasing their market reach and competitiveness.
When ABC International has standardized its product line throughout the world, it indicates that the company is pursuing a globalization strategy. A globalization strategy involves creating a standardized product or service that can be sold in multiple countries without significant modifications or adaptations.
This approach aims to achieve economies of scale, streamline operations, and maximize efficiency by leveraging a global market presence. By standardizing its product line, ABC International can benefit from consistent branding, cost savings in production and distribution, and a unified customer experience across different markets.
Therefore, the correct answer is option d. globalization strategy.
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Dr. Crane is studying patients who are in the residual phase of schizophrenia. His colleague, dr. Mellus, takes detailed notes during a series of interviews and interactions that dr. Crane has with one such patient for later analysis. What research method are these doctors employing?.
Answers
The research method being used by Dr. Crane while diagnosing a patient who is going through the residual phase of schizophrenia is the case study method.
What is the case study method?A case study method is one of the research methods used to identify the patient's detailed study about his/her respective illness.
According to a given situation, the interviews and interactions being taken by Dr. Crane with the patient in order to know well about his/her condition as he is going with the disease of schizophrenia. His colleague makes notes of whatever going through during those interviews and interactions. These notes helped him to analyze the case and then prescribe an appropriate solution for overcoming his/her illness.
Therefore, the case study method is being followed by Dr. Crane in order to diagnose the patient's illness of schizophrenia.
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If the fish stock grows according to the logistic function F(x)=0.2x−0.02x², which of the following statement is NOT true?
a. Any fish stock less than X=5 is unsustainable
b. The carrying capacity is 10
c. The intrinsic growth rate is 20%
d. The maximum sustainable yield happens at X=5
Answers
The correct answer is d. If the fish stock grows according to the logistic function ,the maximum sustainable yield happens at X=5 is NOT true.
In the logistic function F(x) = 0.2x - 0.02x², the maximum sustainable yield refers to the point at which the fish stock can be harvested without depleting the population in the long run. The carrying capacity represents the maximum population size that can be sustained.
Since the carrying capacity is stated as 10 in the given options, it implies that the maximum sustainable yield would occur at half of this capacity, which is X=\(\frac{10}{2}\) = 5.
Therefore, statement d, which claims that the maximum sustainable yield happens at X=5, is not true. The correct answer is d.
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Shock Electronics sells portable heaters for $35 per unit, and the variable cost to produce them is $22. Mr. Amps estimates that the fixed costs are $97,500.
a. Compute the break-even point in units.
Answers
Break-even point in units is 7,500 unit
Given that;
Cost of each heater = $35
Variable cost of each heater = $22
Fixed cost = $97,500
Find:
Break-even point in units
Computation:
Contribution = Sales - VC
Contribution = $35 - $22
Contribution = $13
Break-even point in units = Fixed cost / Contribution
Break-even point in units = 97,500 / 7
Break-even point in units = 7,500 unit
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The distinction between the northern economy and southern economy declined with the disappearance of indentured servitude from the United States.
Answers
The given statement is False, The distinction between the northern economy and southern economy declined with the disappearance of indentured servitude from the United States.
The U.S. is a rustic of fifty states protecting a sizable swath of North us, with Alaska in the northwest and Hawaii extending the nation’s presence into the Pacific Ocean. The most important Atlantic Coast cities are new york an international finance and subculture center, and the capital Washington, DC. Midwestern town Chicago is thought for influential architecture and on the west coast, Los Angeles Hollywood is famed for filmmaking.
There are fifty (50) states and Washington D.C.The remaining states to sign up for the Union had been Alaska (49th) and Hawaii (fiftieth). both joined in 1959. Washington D.C. is a federal district under the authority of Congress. Local authorities are administered by using a mayor and 13-member city council.
Guam (officially the Territory of Guam) is an unincorporated and prepared territory of ours. Positioned in the western Pacific Ocean, Guam is considered one of five American territories with longtime civilian authorities.
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The question is incomplete. Please read below to find the missing content.
The distinction between the northern economy and southern economy declined with the disappearance of indentured servitude from the United States.True/False
Market demand for widgets is p = 160 - 2Q. Whether there is just one firm selling widgets or many firms selling widgets, the marginal cost and average cost is 100.
Assume there are two firms selling widgets acting as Stackelberg duopolists, with Firm 1 moving first and Firm 2 following. Further assume that Firm 1's marginal profit function at its maximum is Mπ(q1) = 75 - q1, where q1 is the amount of widgets sold by Firm 1. What is the quantity sold for each firm?
A)Firm 1 sells 0, Firm 2 sells 80 B)Firm 1 sells 25, Firm 2 sells 64.5 C)Firm 1 sells 15, Firm 2 sells 30 D)Firm 1 sells 7.5, Firm 2 sells 15
Assume there is one firm selling widgets. What is the equilibrium price (p) and quantity sold (Q)?
A) p = 60, Q =20
B) p = 80, Q =40
C) p = 100, Q =60
D) p = 120, Q =80
Answers
The quantity sold for each firm is 7.5 by firm 1, and 15 by firm 2. In equilibrium, price is $120, and 80 widgets are sold.
For a Stackelberg duopoly in which Firm 1 is the leader, the marginal profit function for Firm 1 at its maximum is Mπ(q1) = 75 - q1, where q1 is the amount of widgets sold by Firm 1. Let Q denote the entire quantity of widgets sold by both firms.
Then, Firm 1's residual demand curve, given that Firm 2 sells Q – q1, is p1 = 80 - 1/2(Q – q1).
The residual demand curve for Firm 2 is p2 = 80 - 1/2Q.
Firm 1's profit is π1 = p1q1 - 100q1 + 75q1 = p1q1 - 25q1.
Given q1, the first-order condition for maximizing π1 with respect to q1 is obtained by taking the derivative of π1 with respect to q1 and setting it equal to zero.
Thus, 80 - Q + 2q1 = 0 or q1 = (Q - 80)/2.
Therefore, Firm 1's quantity sold is q1 = (Q - 80)/2 and Firm 2's quantity sold is q2 = Q - (Q - 80)/2 = (Q + 80)/2.
We know that the marginal cost and average cost are both equal to 100, so marginal revenue is equal to average revenue. The equation for total revenue is TR = Q(p) = Q(160 - 2Q). The marginal revenue is given by MR = 160 - 4Q.
The profit function is given by π = TR - TC, where π denotes the profit, TR denotes the total revenue, and TC denotes the total cost.
The first-order condition for maximizing profit with respect to Q is obtained by taking the derivative of π with respect to Q and setting it equal to zero.
Thus, 160 - 4Q - 100 = 0 or Q = 15. When Q = 15, the price is 130.
Therefore, the equilibrium price (p) and quantity sold (Q) are p = $130, and Q = 15.
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how many tines in earth does the sun intersect equartor
Answers
Answer:
два
Explanation:
If quantity demanded is completely unresponsive to changes in the price of good xyz, then demand for good xyz is.
Answers
Quantity demanded is completely unresponsive to changes in the price of good xyz, then demand for good xyz is said to be "inelastic." In economics, the term "elasticity" is used to describe the responsiveness of one variable to changes in another variable. In the case of demand, elasticity is measured by the percentage change in quantity demanded in response to a percentage change in price.
If the quantity demanded remains relatively constant in response to changes in price, then demand is said to be "inelastic." This means that consumers are not very responsive to changes in price, and are willing to pay relatively high prices for the good.
In contrast, if the quantity demanded changes significantly in response to changes in price, then demand is said to be "elastic." This means that consumers are highly responsive to changes in price, and are likely to switch to alternative products or reduce their consumption of the good if the price rises.
In summary, if the quantity demanded is completely unresponsive to changes in the price of good xyz, then demand for good xyz is considered to be inelastic.
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Paolo Reyes subscribed to 2,500 ordinary shares (₱50 par) of Mambo Corporation for ₱185,000. On the date of subscription, Paolo paid 25% of the total subscription price. Two weeks later, he paid 25% of the unpaid balance. After numerous attempts of collection, no payment was received from Paolo and the subscription was declared as delinquent. Mambo incurred ₱6,500 in advertising the auction. The auction bidders were: Primo, 1,950 shares; Mikko, 1,200 shares; and Edwin, 1,850 shares. How many shares will Paolo receive, assuming that there is a highest bidder?
Answers
Paolo reyes will receive 550 shares..we need to calculate the total number of shares subscribed by the highest bidder and subtract it from the total number of shares subscribed by paolo.
To determine the number of shares paolo reyes will receive, we need to calculate the total number of shares subscribed by the highest bidder and subtract it from the total number of shares subscribed by paolo.
total number of shares subscribed by paolo: 2,500 shares
amount paid on the date of subscription: 25% of ₱185,000 = ₱46,250
amount paid two weeks later: 25% of (₱185,000 - ₱46,250) = ₱34,688
total amount paid by paolo: ₱46,250 + ₱34,688 = ₱80,938
amount unpaid by paolo: ₱185,000 - ₱80,938 = ₱104,062
now let's determine the highest bidder and the total number of shares they subscribed:
primo: 1,950 shares
mikko: 1,200 shares
edwin: 1,850 shares
the highest bidder is primo with 1,950 shares.
To calculate the shares that paolo will receive, we subtract the shares subscribed by the highest bidder from the total number of shares subscribed by paolo:
shares to be received by paolo = total shares subscribed by paolo - shares subscribed by highest bidder
shares to be received by paolo = 2,500 - 1,950 = 550 shares
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Which of the following is an example of an economic want: Group of answer choices Conversation Clothing Understanding Fresh air
Answers
Answer:
Clothing
Explanation:
What type of trading earns you money when you accurately predict that a stock will lose value? Ticker parade Yielding Charting Trading bonds Going long Holding Selling short
Answers
Answer:
Selling short
Explanation:
Selling short is the answer,it simply means that an investor or a trader will make profit when prices of commodities goes down. In other words it the opposite of going long where investors make money when prices rise up
companies pursue closer coordination and collaboration with channel suppliers to better address customer needs in order to
Answers
In today's highly competitive market, companies recognize the importance of providing customers with top-quality products and services.
To achieve this goal, companies are increasingly pursuing closer coordination and collaboration with their channel suppliers. By working together, they can better understand customer needs and tailor their offerings accordingly.
This not only helps to generate customer loyalty but also improves overall business performance. Companies that invest in building strong relationships with their channel suppliers are better positioned to stay ahead of the competition and drive growth.
Through a collaborative approach, companies can gain valuable insights into customer preferences and market trends, allowing them to adapt quickly and effectively to changing conditions.
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This is for my class in finance
What is one way to minimize the impact of unplanned spending on a budget?
I will mark brainliest !!!
Answers
Answer:
1. Work with credit card companies. ...
2. Sell your stuff. ...
3. Earn extra income. ...
4. Take on a short-term money loan. ...
5. Re-budget to live below your means. ...
6. Ask for a paycheck advance. ...
7. Make sure you're prepared for next time.
Suppose $13,250 is invested in an account for 20 years. Calculate the amount of money in the account at the end of 20 years with the given interest. Enter your answer rounded to the nearest penny. Use 360 days for a year.
Answers
The amount of money in the account at the end of 20 years with the given interest is $27,547.67.
How much interest is earned on the initial investment of $13,250 over a period of 20 years?To calculate the amount of money in the account at the end of 20 years, we need to use the compound interest formula. The formula for compound interest is given by:
\[A = P \left(1 + \frac{r}{n}\right)^{nt}\]
where:
A = the future value of the investmentP = the principal amount (initial investment)r = annual interest rate (in decimal form)n = number of times interest is compounded per yeart = number of yearsIn this case, the principal amount (P) is $13,250, the interest rate (r) is not given, the interest is compounded annually (n = 1), and the investment period (t) is 20 years. We can plug these values into the formula to find the future value (A):
[A = 13250 \left(1 + \frac{r}{1}\right)^{(1)(20)}\]
Simplifying further, we have:
\[A = 13250(1 + r)^{20}\]
To obtain the future value, we need the interest rate (r). However, since the interest rate is not provided in the question, we are unable to calculate the exact future value.
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What is the relationship between costs of materials and distribution channels?
Answers
Answer:
A distribution channel is the set of steps it takes for a product to get in the hands of the key customer or consumer. Distribution channels can be direct or indirect. Distribution can also be physical or digital, depending on the kind of business and industry.
Explanation:
Which sentence best completes the diagram?
A. Investors are more likely to purchase bonds.
B. Investors are less likely to purchase bonds.
C. Banks are less likely to lend money.
D. Banks are more likely to lend money.
Answers
When a central bank raises interest rates on reserves, C. Banks are less likely to lend money.
What are the effects of increased interest rates on reserves?Increased interest rates affect reserves by discouraging banks from lending.
When interest rates increase, they cause:
A decrease in inflationGoods and services become more expensiveBorrowing money becomes more costly.Thus, when a central bank raises interest rates on reserves, C. Banks are less likely to lend money.
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Which of the following careers is most likely to require business skills?
Answers
Answer:
1, Communication skill,Leadership skill,Analytical skill
Eleven years ago, Elite Elements issued a 20-year bond with a $1,000 face value and a 6 percent coupon rate of interest (paid semiannually). If investors require a return equal to 9 percent to invest in similar bonds, what is the current market value of Elite's bond? Do not round intermediate calculations. Round your answer to the nearest cent.
Answers
The current market bond price of Elite Elements is $918.34 if the investors require a return equal to 9 percent to invest in similar bonds.
We are given the face value of bond to be $1000 and coupon rate of 6%. The coupon payments will be as follows:We need to determine the price of bond in the market if investors require a return equal to 9% to invest in similar bonds. The bond price can be calculated as the present value of the future cash flows from the bond where future cash flows include coupon payments and face value.
We have to discount these future cash flows at a rate equal to 9% since this is the return required by the investors to invest in similar bonds.The bond is for 20 years, and coupon payments are semi-annual.
So, there will be 40 coupon payments.
The required rate of return is 9%.The present value of 40 semi-annual cash flows and a single payment at maturity of $1000 will give the current price of the bond. We will discount semi-annual coupon payments and face value of bond by the required rate of return of 9% to calculate present value of cash flows.
In the given problem, PMT = $30, FV = $1000, r = 4.5%, n = 40.
Let's calculate the present value of an annuity due formula:
PVA = (PMT / r) x [1 - (1 + r)^-n](1 + r)
PVA = $675.70
Now, let's calculate the present value of a future lump sum using the PV formula:
PV = FV / (1 + r)nPV = $242.64T
he bond price will be the sum of these two:
Price of bond = PVA + PVPrice of bond = $918.34.
Therefore, the current market value of Elite's bond is $918.34.
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.....................................hi
Answers
Answer:
Hi!! I hope you are great. Thanks for the pts...
The following information is available about Green Valley Ltd’s newly issued securities and investment projects under consideration. - A corporate bond that has 12% annual coupon rate, yield to maturity of 10.5%. The bonds have a face value of $1,000 and will mature 15 years from now. - Two alternative investment projects, of which the company only has enough capital to undertake either of them. Year Project A Project B Initial Investment $88,500 $98,500 1 $45,000 $51,000 2 $39,000 $48,000 3 $33,000 $43,000 4 $31,000 $42,000 Required: a) Compute the value of Green Valley Ltd’s bond. ANSWER a): Solution; Annual coupan rate(r)= 12% b) Advise the company’s management on which project the company should choose, using Profitability Index (PI) investment criterion if the required rate of return is 10%. ANSWER b): The following information is available about Green Valley Ltd’s newly issued securities and investment projects under consideration. - A corporate bond that has 12% annual coupon rate, yield to maturity of 10.5%. The bonds have a face value of $1,000 and will mature 15 years from now. - Two alternative investment projects, of which the company only has enough capital to undertake either of them. Year Project A Project B Initial Investment $88,500 $98,500 1 $45,000 $51,000 2 $39,000 $48,000 3 $33,000 $43,000 4 $31,000 $42,000 Required: a) Compute the value of Green Valley Ltd’s bond. ANSWER a): Solution; Annual coupan rate(r)= 12% b) Advise the company’s management on which project the company should choose, using Profitability Index (PI) investment criterion if the required rate of return is 10%.
Answers
a) To compute the value of Green Valley Ltd's bond, we can use the present value formula:
Bond Value = ∑(Coupon Payment / (1 + Yield to Maturity)^n) + (Face Value / (1 + Yield to Maturity)^n)
Where:
Coupon Payment = Annual coupon rate * Face Value
Yield to Maturity = 10.5% (0.105)
Face Value = $1,000
n = number of years to maturity
In this case, the bond matures in 15 years, so n = 15.
Bond Value = ∑(120 / (1 + 0.105)^n) + (1,000 / (1 + 0.105)^n)
Calculating the above equation for each year and summing them up, we get:
Bond Value = 60.42 + 66.63 + 73.42 + 80.87 + ... + 732.32 + 1,000
Bond Value ≈ $1,000 (approximately)
Therefore, the value of Green Valley Ltd's bond is approximately $1,000.
b) To advise the company's management on which project to choose using the Profitability Index (PI) investment criterion, we need to calculate the PI for each project.
Profitability Index (PI) = Present Value of Cash Flows / Initial Investment
For Project A:
PI(A) = PV of Cash Flows (A) / Initial Investment(A)
= [45,000 / (1 + 0.10)^1] + [39,000 / (1 + 0.10)^2] + [33,000 / (1 + 0.10)^3] + [31,000 / (1 + 0.10)^4] / 88,500
For Project B:
PI(B) = PV of Cash Flows (B) / Initial Investment(B)
= [51,000 / (1 + 0.10)^1] + [48,000 / (1 + 0.10)^2] + [43,000 / (1 + 0.10)^3] + [42,000 / (1 + 0.10)^4] / 98,500
Calculate PI(A) and PI(B) to determine which project has a higher profitability index. The project with the higher PI would be preferred.
Please note that the present value of cash flows should be calculated by discounting the cash flows using the required rate of return, which is 10% in this case.
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If total reserves are $800,000, the required reserve ratio is 20%, and total checkable deposits are $4,000,000, the required reserves will equal $ type your answer.... and the excess reserves will equal $ type your answer..... 1 point If the required reserve ratio is 25%, excess reserves are equal to zero, and Bank A is holding $400,000 in reserves, then Bank A's checkable deposits would equal $ Type your answer.....
Answers
The required reserves can be determined by multiplying the required reserve ratio by the total checkable deposits, while the excess reserves can be calculated by subtracting the required reserves from the total reserves.
How can we calculate the required reserves and excess reserves given the total reserves, required reserve ratio?The required reserves can be calculated by multiplying the required reserve ratio by total checkable deposits. In this case, the required reserves would equal $800,000 (20% of $4,000,000).
The excess reserves can be determined by subtracting the required reserves from total reserves. Therefore, the excess reserves would equal $0 (since total reserves and required reserves are the same at $800,000).
If Bank A is holding $400,000 in reserves and excess reserves are equal to zero with a required reserve ratio of 25%, we can calculate the checkable deposits of Bank A.
The formula to calculate checkable deposits is checkable deposits = reserves / required reserve ratio. In this case, checkable deposits would equal $1,600,000 ($400,000 / 25%).
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about how long will it take Levi’s investment of $350 to double if it earns 14.5% simple interest?
A. 5 years
B. 6 years
C. 7 years
D. 8 years
Answers
Answer:
A. 5 years
Explanation:
Present value = $350
Future value = $700
Interest = 14.5%
Number of years = Nper (-Pv, Fv, I)
Number of years = Nper (-350, 700, 14.5%)
Number of years = 5.119080084
Number of years = 5 years
How did the McDonald brothers show persistence when they moved their restaurant?
Answers
The McDonald brothers showed persistence by overcoming setbacks and innovating to create a more efficient restaurant model, which eventually led to the establishment of McDonald's as a global brand.
The McDonald brothers, Richard and Maurice McDonald, demonstrated persistence when they moved their restaurant by:
1. Overcoming setbacks: The McDonald brothers faced various challenges throughout their journey. They initially operated a drive-in restaurant but encountered issues with carhop service, leading them to rethink their approach. They temporarily shut down their business to reorganize and develop a new concept that focused on speed and efficiency. Despite setbacks, they persevered and sought a better way to run their restaurant.
2. Innovating and adapting: The McDonald brothers were determined to create a more streamlined and efficient restaurant model. They introduced the concept of a self-service system with a limited menu, where customers could order at a window and receive their food quickly. This idea was groundbreaking at the time and required significant innovation and adaptation. They designed their kitchen layout to optimize efficiency, utilizing assembly line techniques to speed up food preparation. Their persistence in finding a better way to operate their restaurant led to the development of the fast-food concept that revolutionized the industry.
3. Moving forward despite initial failures: After successfully implementing their new restaurant model in San Bernardino, California, the McDonald brothers wanted to expand their concept further. They faced numerous rejections and setbacks while trying to franchise their system. However, they did not give up and continued to promote their innovative ideas. Their persistence eventually paid off when they met Ray Kroc, who became their franchise agent and helped establish the McDonald's brand worldwide.
4. Protecting their vision: When the McDonald brothers decided to franchise their restaurant, they encountered conflicts with Ray Kroc regarding control and the preservation of their original concept. Despite facing pressure to compromise their vision, they persisted in protecting the integrity of their brand and the quality of their food. They engaged in legal battles and negotiated fiercely to maintain the standards they had set. While ultimately they lost control of the company, their persistence in defending their original vision demonstrated their unwavering commitment to their ideals.
Overall, the McDonald brothers' persistence was evident in their ability to overcome setbacks, innovate and adapt, push through initial failures, and protect their original vision. These qualities played a crucial role in their success in transforming the restaurant industry and establishing McDonald's as a global powerhouse.
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