The equilibrium price and the equilibrium quantity for the given demand and supply is approximately $6.67 and 66.65 units.
Demand of towels is ,
QD=100-5P
Supply of towels is,
QS=10P
To find the equilibrium price and quantity in the market,
Set the quantity demanded equal to the quantity supplied,
QD = QS
100 - 5P = 10P
To solve for the equilibrium price, we can rearrange the equation,
100 = 15P
⇒P = 100 / 15
⇒P ≈ 6.67
Rounded to the nearest one, the equilibrium price is approximately $6.67.
Substituting this price back into either the demand or supply equation, we can find the equilibrium quantity,
QD = 100 - 5P
⇒QD = 100 - 5(6.67)
⇒QD ≈ 100 - 33.35
⇒QD ≈ 66.65
Rounded to the nearest one, the equilibrium quantity is approximately 66.65 units.
Therefore, for the given demand the equilibrium price is approximately $6.67 and the equilibrium quantity is approximately 66.65 units.
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What caused the change in the yen's exchange rate? According to this graph, how has the yen's exchange rate changed?.
Answer: demand decreased
and
it has fallen
Explanation:
hope this helps <3
Decrease in demand has caused the change in the yen's exchange rate. Due to decrease in demand yen’s exchange rate has fallen.
What is exchange rate?The value of one country's currency in comparison to that of another or an economic region is known as the exchange rate. The majority of exchange rates are free-floating and fluctuate according to market supply and demand. There are some exchange rates that are restricted and not free-floating; instead, they are tied to the value of other currencies.
Exchange rates are typically either free-floating or set. Changes in the foreign currency market cause a free-floating exchange rate to rise and decrease. The value of one currency is linked to a set exchange rate. Spot rates, often known as cash values or market values, are one type of exchange rate that might exist. An exchange rate may also have a forward value, which is determined by predictions of the currency's future worth in relation to its current spot price.
Changes in the foreign currency market cause a free-floating exchange rate to rise and decrease. The value of one currency is linked to a set exchange rate. Spot rates, often known as cash values or market values, are one type of exchange rate that might exist. An exchange rate may also have a forward value, which is determined by predictions of the currency's future worth in relation to its current spot price. For example, USD stands for the United States dollar, while EUR stands for the Euro. EUR/USD is the currency pair that represents the dollar and the euro. It's USD/JPY, or dollar to yen, in the case of the Japanese yen. A conversion rate of 100 means that one dollar equals 100 yen.
One notable example of a nation with a restricted rate structure is China. The Chinese yuan is a currency that the government also controls. The Chinese government decides on a midpoint value for the currency each day, which gives the yuan a trading range of 2% from the midpoint.
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4.marshall, in another portion of his book, states that land is but a particular form of capital from the point of view of the manufacturer. is this a contradiction? explain.
According to Marshall, land being considered a particular form of capital from the perspective of a manufacturer may seem contradictory at first glance. However, it can be explained by understanding the different viewpoints and definitions of capital.
In economic terms, capital refers to assets that are used in the production process to generate goods and services. It includes physical assets like machinery, equipment, and buildings. Marshall's statement implies that from the perspective of a manufacturer, land can be seen as a type of capital because it contributes to the production process. Land is often used as a site for factories, offices, or other facilities, which are essential for manufacturing operations.
However, it is important to note that land is distinct from other forms of capital in certain ways. Unlike machinery or equipment, land is a fixed and immovable resource. Its availability and location can significantly impact production efficiency and costs. Additionally, the value of land can appreciate or depreciate over time due to factors unrelated to the manufacturer's activities, such as changes in market demand or urban development.
Therefore, while land can be viewed as a form of capital in the context of manufacturing, it possesses unique characteristics that differentiate it from other types of capital assets.
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Consider a second hand car market where three types of cars are being sold: High quality (H), medium quality (M) and low quality (L). Sellers value an H at $2000, an M at $1200 and an L at $800, whereas buyers value an H at $1800, an M at $1600 and an L at $1400. As discussed in the "Akerloff's Lemons Market", sellers are able to distinguish between different quality cars but buyers are not and a buyer believes that in this market 40% of the cars is an H, 30% of the cars is an M and 30% of the cars is an L. a) Determine which type of cars will be sold at the efficient allocation. b) Determine which type of cars will be sold at the market equilibrium.
Answer:
a) Determine which type of cars will be sold at the efficient allocation.
All cars would be sold in a Pareto efficient allocation.
In a Pareto efficient market, resources are all allocated in teh most efficient possible way. This is the reason why this is just a theoretical concept that does not necessarily apply in real life.
b) Determine which type of cars will be sold at the market equilibrium.
Since consumers are only willing to pay up to $1,620 for a used car, only medium quality and low quality cars will be sold. The price of high quality used cars is higher than the equilibrium price.
Explanation:
the most a buyer would be willing to pay for a used car is ($1,800 x 40%) + ($1,600 x 30%) + ($1,400 x 30%) = $720 + $480 + $420 = $1,620
a financial services company recently launched an initiative to improve the security of its aws resources and it had enabled aws shield advanced across multiple aws accounts owned by the company. upon analysis, the company has found that the costs incurred are much higher than expected.
Consolidated billing isn't enabled. All AWS accounts should be subject to a single consolidated billing in order for the monthly fee to be charged only once.
What exactly is AWS consolidated billing?
Consolidated billing in AWS Organizations allows you to combine invoicing and reimbursement for multiple AWS accounts or numerous Amazon Internet Services Pvt. Ltd (AISPL) accounts. Each entity in AWS Organizations has a management account that covers all of the member accounts' charges.
The benefit is that you only have to pay one bill for all of your organization's AWS accounts. It facilitates cost tracking. Discounts that are shared across accounts. The maximum number of accounts allowed per organization is four.
Here is the complete question-
A financial services company recently launched an initiative to improve the security of its AWS resources and it had enabled AWS Shield Advanced across multiple AWS accounts owned by the company. Upon analysis, the company has found that the costs incurred are much higher than expected.
Which of the following would you attribute as the underlying reason for the unexpectedly high costs for AWS Shield Advanced service?
A. AWS Shield Advanced is being used for custom servers, that are not part of AWS Cloud, thereby resulting in increased costs
B. Consolidated billing has not been enabled. All the AWS accounts should fall under a single consolidated billing for the monthly fee to be charged only once
C. AWS Shield Advanced also covers AWS Shield Standard plan, thereby resulting in increased costs
D. Savings Plans has not been enabled for the AWS Shield Advanced service across all the AWS accounts
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A bank can offer which of the following
Checking Account and a Savings Account
Tax Bills
Checking Account
Checking Account, Savings Account, Safety Deposit Box
Answer:
Checking Account, Savings Account, Safety Deposit Box
Explanation:
Banks are financial institutions that provide a wide variety of financial services to their customers. They accept customer deposits and issue loans. Commercial banks act as intermediaries between the supply side and demand side of credit.
Commercial banks are also known as deposit-taking institutions. Deposits facilities offered by banks include
Checking accounts, Savings accounts, Safety Deposit BoxMoney Markets accountsCertificated of Deposits accountsAnswer:
Checking Account, Savings Account, Safety Deposit Box
Explanation:
The person above was correct.
marketing started with companies selling whatever they produced without considering customer needs. this was called the ______ era of marketing.
The production era of marketing is the ear where companies sells whatever they produced without considering customer needs.
Basically, the 5 eras of marketing includes the production era, product era, selling era, marketing era and social marketing era.
The production era of marketing is one which started in the 1860s to 1920s during the Industrial Revolution.
During this era, companies produce goods in mass and at a low cost with the mindset that “if they produced, someone will buy, then make profit".
Therefore, the answer is production era of marketing because the marketing era is when companies sells whatever they produced without considering customer needs.
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The role of government affects entrepreneurs based on what their income is and what they would end up paying in taxes is as
an entrepreneurship
a supervisory body
one that reallocates income
a source of public good
Answer:
one that reallocates time
Explanation:
Entrepreneurs invest in their communities by contributing to the local economy and providing jobs. Many entrepreneurs create products to change the way people live in conduct business.
Is region of the world where a country is located associated with a country's GDP? Please address this question by using SPSS and a One-Way ANOVA to statistically analyze the following two variables"
To determine if the region of the world where a country is located is associated with a country's GDP, a One-Way ANOVA can be performed using SPSS. This statistical analysis will allow us to assess if there are significant differences in GDP among different regions.
To conduct the analysis, we need two variables: "Region of the World" and "GDP." The "Region of the World" variable should consist of categorical data indicating the region where each country is located (e.g., Americas, Europe, Asia). The "GDP" variable should contain numerical data representing the GDP values for each country.
Using SPSS, we can perform a One-Way ANOVA test, which will assess whether there are significant differences in GDP means across the different regions. The ANOVA test will generate an F-statistic and associated p-value. If the p-value is below a predetermined significance level (e.g., 0.05), we can conclude that the region of the world is associated with the country's GDP.
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write a journal post with three things you might be able to do to go to college (or any other option you are considering after high school) without student loan debt?
Answer:
You can apply for scholarships, work in high school, and receive grants.
Explanation:
You can possibly graduate college without debt or little money owed back to a bank.
The first option is a scholarship, this money is usually only offered from a range of $500-fully paid tuition. You may have to apply to hundreds before you are granted some but they are offered from freshmen in high school all the way to almost graduating college.
Your second option is working, sophomore year is when you'd be able to get a job the earliest. Every paycheck you save about 20%, work all the way through college and you can save enough to pay for your first year, possibly second year of college. You could also work while you're a full-time student, it'd be hard work but it can be done.
Your third option, but not last is to apply for grants. This is basically free money, they differ from scholarships though. You do not have to pay grants back, and you can get sponsored by companies to pay your way through college.
The management of Asteria Inc. is studying the financial reports and statements of the company for the current accounting period. Which
accounting head is a part of an off-balance sheet item?
A.
copyrights
В.
bank loan
C.
prepaid office rent
D.
operating lease
Answer:
В. bank loan
Explanation:
A balance sheet shows the total net worth of a business at the end of a financial year. It shows the assets of a business on one side and equity and liabilities on the other.
A balance shows the assets of a business and how they have been financed. On the liabilities, the balance sheet will indicate the short term and long term liabilities. A bank loan represents money obtained from the banks on credit. Bank loan will be a subheading on the liabilities side, especially if the business has loans from different banks.
Answer:
Its D operating Lease
Explanation:
____ is the process of gathering, storing, accessing, and analyzing data about a company in order to make better business decisions.
Every process that has to do with gathering, storing accessing and analyzing data for a company to make business decisions is referred to as: Business Intelligence.
The business world is faced with many vagaries such as risks and uncertainties. Every business intends to minimize cost and maximize profits. In order to do this, wise and better decisions must be made daily.
For business decisions to be made, predictive views, data mining, process analysis, descriptive analytics, and performance benching are all business intelligence entails.
Therefore, every process that has to do with gathering, storing accessing and analyzing data for a company to make business decisions is referred to as: Business Intelligence.Learn more here:
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Which of the metrics below represents the agreed upon time between the purchase of a product and the delivery of the product? Inventory cycle time back order Inventory turnover customer order cycle time
Customer order cycle time is a metric that represents the agreed upon time between the purchase of a product and the delivery of the product.
It is an essential measure in supply chain management and reflects the efficiency and responsiveness of a company's order fulfillment process. The customer order cycle time starts when the customer places an order and encompasses activities such as order processing, inventory allocation, picking and packing, shipping, and final delivery.
By tracking and analyzing this metric, organizations can assess their ability to meet customer demands and identify areas for improvement in their supply chain operations. A shorter customer order cycle time indicates faster order processing and delivery, leading to higher customer satisfaction and potentially gaining a competitive advantage in the market.
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Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company.
Explanation:
to eliminate their best efforts in the company
Answer:
"bureaucratic barriers"
Explanation:
i got it right on plato
What types of income do you have to report to social security disability?
When applying for social security disability, you are required to report all types of income including earned income, unearned income, and even in-kind support and maintenance.
Social Security Disability is a federal program in the United States that provides financial assistance to individuals who are unable to work due to a disability. The program is administered by the Social Security Administration (SSA) and is designed to help individuals who have a disability that is expected to last for at least one year or result in death. Earned income refers to wages and salary from employment while unearned income includes things like interest, dividends, and rental income. In-kind support and maintenance refers to food, shelter, or other items you receive for free or at a reduced cost. All of these forms of income can affect your eligibility for social security disability and the amount of benefits you receive. It is important to report all forms of income to the Social Security Administration to ensure you receive the appropriate benefits.
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Indique en su comunidad en qué proyectos se podrían realizar negociaciones entre diferentes actores (vecinos, empresas, iglesias, municipalidad).
Answer:
En toda comunidad se suscitan diferentes problemáticas que afectan directa o indirectamente a los diferentes actores que componen el medio social de la comunidad: por ejemplo, conflictos entre vecinos, o entre estos con empresas, la municipalidad, etc. Así, los intereses de estos actores se contraponen, y es necesario que se resuelvan mediante métodos pacíficos.
El método pacífico de resolución de conflictos más común e idóneo es la negociación, por la cual las partes hacen concesiones recíprocas en mayor o menor medida, con el objetivo de sortear el conflicto y resolverlo.
Así, por ejemplo, una negociación podría darse entre vecinos para resolver un conflicto de índole doméstico, por ejemplo, por la acumulación de basura en la vereda, donde ambas partes llegarían a un acuerdo para resolver la cuestión.
Suppose that Intel has a monopoly in the market for computer chips. In order to produce X computer chips, it costs Intel C(X) = 2X2. (i) Find the marginal cost of producing a computer chip for Intel. Ii) The demand for computer chips is X =12 − 0. 25P. Find the level of output that maximizes Intel’s profits. What price is Intel charging?
The marginal cost of producing a computer chip for Intel is 4X, and the level of output that maximizes Intel's profits is 6 computer chips.
(i) To find the marginal cost of producing a computer chip for Intel, we need to differentiate the cost function C(X) = 2X^2 with respect to X.
C(X) = 2X^2
Marginal Cost (MC) = dC(X)/dX
Differentiating the cost function with respect to X:
MC = dC(X)/dX = 4X
So, the marginal cost of producing a computer chip for Intel is 4X.
(ii) To find the level of output that maximizes Intel's profits and the corresponding price, we need to determine the profit function and maximize it.
Profit (π) = Revenue (R) - Cost (C)
Since Revenue (R) = Price (P) * Quantity (X) and Cost (C) = 2X^2, we have:
π = (P * X) - (2X^2)
To maximize profits, we need to find the quantity (X) that maximizes the profit function. Taking the derivative of the profit function with respect to X and setting it to zero will give us the critical point:
dπ/dX = d/dX (P * X - 2X^2) = P - 4X = 0
Solving for X:
P = 4X
Substituting the demand equation X = 12 - 0.25P into the equation P = 4X, we can solve for X:
P = 4(12 - 0.25P)
P = 48 - P
2P = 48
P = 24
So, the price Intel is charging to maximize profits is $24.
Substituting this price back into the demand equation to find the corresponding quantity:
X = 12 - 0.25P
X = 12 - 0.25(24)
X = 12 - 6
X = 6
Therefore, the level of output that maximizes Intel's profits is 6 computer chips.
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What is your primary source of investment funds?
A. Saving or personal income
B. Pension or retirement
C. Insurance payout
D. Inheritance
E. Gift
F. Sale of business or property
G. Something else
Answer:
A. Saving or personal income
Explanation:
what is the shortest duration required to complete an activity? part 2 a. pessimistic time b. optimistic time c. most likely time d. crash time
The shortest duration required to complete an activity is the optimistic time.
Optimistic time represents the best-case scenario or the minimum time needed to complete an activity. It assumes that all conditions are favorable, resources are readily available, and there are no delays, obstacles, or unexpected events that could impact the activity's progress. It is the shortest duration estimate for completing a task.
Optimistic time is a critical component in project management, particularly in techniques such as the Program Evaluation and Review Technique (PERT) or Critical Path Method (CPM). These techniques involve estimating the duration of activities to create project schedules and identify the critical path—the sequence of activities that determines the project's overall duration.
By considering the optimistic time, along with other estimates such as the pessimistic time and most likely time, project managers can calculate the expected duration and determine the probability of meeting project deadlines. The optimistic time provides a baseline for evaluating the project's feasibility and identifying potential areas for improvement or efficiency gains.
While the optimistic time represents the shortest duration, it is important to note that it is an idealistic estimate and may not account for potential risks, uncertainties, or variations in actual project execution. Project managers should consider a range of estimates and incorporate contingency plans to mitigate potential delays and disruptions.
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For each of the following companies, specify whether each company would be more likely to use job costing or process costing.
A. Janitorial services company
B. Soup manufacturer
C. Commercial plumbing contractor
D. Toothpaste manufacturer
E. Catering service
F. Shipbuilder
G. Company providing Web design services
H. Medical practice of six doctors and four physician assistants
I. Soft drink bottler
J. Movie studio
K. Plastic bottle manufacturer
L. Architect
M. Temporary staffing agency
N. Oil refinery.
Job costing is a method for estimating the costs of specific tasks performed in accordance with the client's requirements or instructions.
a. Janitorial services company : Job Costing
b. Soup manufacturer :Process Costing
c. Commercial plumbing contractor : Job Costing
d. Toothpaste manufacturer : Process Costing
e. Catering service :Job Costing
f. Shipbuilder : Job Costing
g. Job Costing is a company that offers web design services.
h. Medical practice of six doctors and four physician assistants : Job Costing
i. Soft drink bottler : Process Costing
J. Movie studio : Job Costing
k. Plastic bottle manufacturer : Process Costing
l. Architect : Job Costing
m. Temporary staffing agency : Job Costing
n. Oil refinery : Process Costing
Costing the process: Process costing is a method of costing used primarily in manufacturing, where units are continuously mass-produced through one or more processes. It is used to determine the cost of goods that require multiple processes to become finished goods. The production of chemicals, processed food, and erasers are all examples of this.
Why does process costing work?When similar products are produced in large quantities and the costs of each unit of output cannot be distinguished, process costing is utilized. To put it another way, it is assumed that the price of each product produced is the same as the price of each other product.
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ECO Jeans, Inc. had a mission to become the leading producer of environmentally friendly blue jeans, an emerging and in-demand category in the apparel industry. Its strategy involved leveraging a network of organic cotton farmers and suppliers of environmentally responsible synthetic materials to create a product that is durable, attractive, affordable, and 100% recyclable. However, because it did not upgrade its outdated production facilities, ECO Jeans could not assemble its products at a low-enough cost to offer the jeans at a price that was attractive to customers. ECO Jeans’ strategy failed because
Answer: it was not backed up with strategic commitments.
Explanation:
The reason why ECO Jeans’ strategy failed is because the strategy was not backed up with strategic commitments.
Strategic commitments refers to the decisions that are taken by a company which have a long-term impact on the company.
Since ECO jeans could not upgrade its outdated production facilities, the company could not assemble its products at a low-enough cost to offer the jeans at a price that was attractive to customers. This could have had a positive impact on the company for a long term.
Explain why the linear model can provide approximate estimates of VaR for a portfolio containing options
Because the change in the value of an option is not proportional to the percentage change in the underlying variable, the linear model can yield approximate estimates of VaR for a portfolio incorporating options.
The direct model posits that changes in the value of a portfolio are commensurable to changes in the underpinning variables. As a result, it's simply an approximation for a portfolio incorporating options.
A nonstop response variable is described as a function of one or further predictor variables in a direct model. They can help you in comprehending and vaticinating the geste of complicated systems, as well as assaying experimental, fiscal, and natural data.
The word direct model is used else in statistics depending on the environment. The most common operation is in relation to retrogression models, and the expression is constantly used interchangeably with direct retrogression models. still, the expression is also used with a different connotation in time series analysis.
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Question 2 of 10
Before taking the exam to receive CPA certification, a person must:
A. complete two years of professional education.
B. complete a one-to two-year supervised internship program.
C. gain two years of experience in financial management.
D. complete at least 120 credit hours of postsecondary education.
SUBMIT
what's the answer please
Before taking the exam to receive CPA certification, a person must complete at least 120 credit hours of postsecondary education.
What is a CPA certification?The CPA certification means the certified public accountant certification which is a designation given to those who meet education and experience requirements and pass an exam.
Hence, the requirement to take the exam to receive CPA certification, a person must complete at least 120 credit hours of postsecondary education.
Therefore, the Option D is correct.
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You own a large building with 300 small salon studio that you lease at a rate of $750 per month per unit. When the studios are 80% occupied, monthly operating costs total $150,000,$90,000 of which are variable costs. A nearby university is opening up and there is an expected demand increase for your studios. You expect to be able to operate at 90% capacity. Based on the cost behavior of the current studio rental business, what is the predicted monthly operating income when 90% of units are leased out? A. $30,000 B. $46,875 C. $41,250 D. $161,250 E. Cannot determine from information provided.
B. $46,875. With 80% occupancy, there are 240 units that are leased out, bringing in $180,000 a month in income (240 x $750).
There is an operational revenue of $30,000 per month ($180,000 - $150,000) once all running expenses at this level of occupancy are deducted.
With 90% occupancy, there would be 270 apartments that are leased out, bringing in $202,500 per month in revenue (270 x $750). With this level of occupancy, the total operating expenses would be $163,125 per month [($90,000/240 units) x 270 units + $60,000] based on the same cost behaviour assumptions. Due to this, the operational income would be $39,375 each month ($202,500 - $163,125). As a result, the monthly operating revenue forecast at 90% occupancy is $46,875 ($30,000 + $39,375).
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a policyowner provides a check to the producer for her initial premium. how soon from receiving the check must the producer remit it to the insurer?
When a policyowner provides a check to the producer for the initial premium, it is the producer's responsibility to remit the payment to the insurer in a timely manner. Generally, the producer should remit the payment as soon as possible after receiving it from the policyowner.
This ensures that the policy is put into effect without any delays or interruptions. It is important to note that the producer is acting as an agent for the insurer in this transaction and is responsible for properly handling the funds.
If there is a delay in remitting the payment, it could potentially cause issues with the policy and could result in cancellation or other complications. Therefore, it is important for both the policyowner and producer to ensure that the payment is processed in a timely manner to avoid any potential issues with the policy.
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The Government of Country Y owns and controls many businesses. "The public sector always produces goods and services more efficiently than privately owned businesses', a Government minister recently said. Other ministers disagree and want to privatize many state-owned businesses. The private sector businesses in Country Y produce 55 per cent of total output - mainly in services such as transport, tourism and finance. The secondary sector of industry produces 35 per cent of total output.
Answer:
what do i have to answer?
Explanation:
Company XYZ is expected to pay a dividend of $4 in 2 years and a dividend of $6 in 3 years after which you expect dividends to grow at 5% for the foreseeable future. What would you expect the price of a share of stock to be today if XYZ's cost of equity capital is 18%? 1 (round to the nearest penny)
Answer: The expected price of a share of stock to be today if XYZ's cost of equity capital is 18% is $55.28.
Given information:Company XYZ is expected to pay a dividend of $4 in 2 years and a dividend of $6 in 3 years after which you expect dividends to grow at 5% for the foreseeable future. Cost of equity capital is 18%.The price of a share of stock today is equal to the present value of all future dividends. In order to calculate the present value of the future dividends, we need to use the formula for the present value of a growing perpetuity.Present Value of a Growing Perpetuity formula:
PV = D / (k - g)
Where:PV = Present ValueD = Dividendk = Required Rate of Returng = Dividend Growth RateNow, let’s plug in the given values into the formula
PV = ($4 / (1 + 0.18)²) + ($6 / (1 + 0.18)³) + ($6.3 / (0.18 - 0.05))
(Rounded to the nearest penny)
PV = ($4 / 1.3244) + ($6 / 1.5774) + ($6.3 / 0.13)PV = $3.02 + $3.80 + $48.46PV = $55.28
Therefore, the price of a share of stock today is expected to be $55.28.
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ABC Company sold goods to XYZ traders on May 1, 2019. ABC company agreed to accept a Kshs.1,400,000 for 6 month, 12% note in payment for the goods. Interest is payable at maturity. Required: Prepare journal entries to record the above transactions
Answer: If you have ever taken out a payday loan, you may have experienced a situation where your living expenses temporarily exceeded your assets. You need enough money to cover your expenses until you get your next paycheck. Once you receive that paycheck, you can repay the lender the amount you borrowed, plus a little extra for the lender’s assistance.
There is an ebb and flow to business that can sometimes produce this same situation, where business expenses temporarily exceed revenues. Even if a company finds itself in this situation, bills still need to be paid. The company may consider a short-term note payable to cover the difference.
A short-term note payable is a debt created and due within a company’s operating period (less than a year). Some key characteristics of this written promise to pay (see (Figure)) include an established date for repayment, a specific payable amount, interest terms, and the possibility of debt resale to another party. A short-term note is classified as a current liability because it is wholly honored within a company’s operating period. This payable account would appear on the balance sheet under Current Liabilities.
Short-Term Promissory Note. A promissory note includes terms of repayment, such as the date and interest rate.
Explanation:
Suppose we are interested in tidding on a piece of land and we know one other bidder is interested. The seller announced that the highest bid in excess of $10,000 will be accepted. Assume that the competitor's bid x is a random variable that is uniformly distributed between $10,000 and $15,000. (a) Suppose you bid $12,000. What is the probability that your bid will be accepted? If required, round your answer to two decimai places. (b) Suppose you bid $14,000. What is the probability that your bid will be accepted? If required, round your answer to two decimal places. (c) What amount should you bid to maximize the probability that you get the property? (d) Suppose you know someone who is willing to pay you $16,000 for the property. Would you consider bidding less than the amount in part (c)7 Why or why not? the bid that maximizes expected profit is 3
The recommended bid amount to maximize the probability of winning the property is $15,000.
What is the recommended bid amount to maximize the probability of winning the property?(a) The probability that your bid of $12,000 will be accepted can be calculated by finding the proportion of the competitor's bid distribution that is greater than $12,000. Since the competitor's bid is uniformly distributed between $10,000 and $15,000, the length of the interval is $15,000 - $10,000 = $5,000. The portion of this interval that is greater than $12,000 is $15,000 - $12,000 = $3,000. Therefore, the probability can be calculated as $3,000/$5,000 = 0.6 or 60%.
(b) If you bid $14,000, the probability that your bid will be accepted is determined by the portion of the competitor's bid distribution that is greater than $14,000. In this case, the length of the interval greater than $14,000 is $15,000 - $14,000 = $1,000. Therefore, the probability is $1,000/$5,000 = 0.2 or 20%.
(c) To maximize the probability of winning the property, you should bid the highest amount within the range. In this case, you should bid $15,000, which is the upper limit. Bidding this amount ensures that no other bid can exceed it, giving you the highest probability of winning.
(d) If you have a guaranteed offer of $16,000 for the property, it would not be rational to bid higher than this amount. Bidding less than the amount in part (c) would still give you a chance to win the property, but you would secure a profit of at least $1,000 by accepting the $16,000 offer. Therefore, it would not be advisable to bid less than the amount in part (c) if you have a guaranteed offer higher than that bid.
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A business manager needs their subordinates to problem solve in an uncertain an changing environment. That manager might consider which emerging leadership approach?
a. Spiritual leadership
b. Servant leadership
c. Authentic leadership
d. Adaptive leadership
The correct answer is (d)Adaptive leadership. The emerging leadership approach that a business manager might consider for their subordinates to problem solve in an uncertain and changing environment is adaptive leadership.
Adaptive leadership is a relatively new approach that emphasizes the ability of leaders to adapt to changing circumstances and find innovative solutions to complex problems. It recognizes that in today's rapidly changing business environment, leaders cannot rely on traditional approaches to problem-solving but must be flexible and adaptable in their thinking and actions. Adaptive leadership requires leaders to have a deep understanding of the context in which they operate, including the organization's culture, values, and goals, as well as the external factors that may impact the business. They must be able to anticipate and respond quickly to changes in the market, technology, and other environmental factors. To be effective, adaptive leaders must also be skilled in communication, collaboration, and conflict resolution. They must be able to bring diverse perspectives together to find creative solutions to complex problems. In conclusion, if a business manager needs their subordinates to problem solve in an uncertain and changing environment, they should consider adopting an adaptive leadership approach. This will enable their team to navigate the challenges of the modern business environment with agility, innovation, and resilience.
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what are the importance of doctor
Answer:
to help people
Explanation:
Answer:
Doctors are responsible for increased life expectancy and improved well-being in society. People who survive diseases such as cancer usually owe their survival to doctors, whose skills and dedication are vital for their cure.
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