The problem only asks for the incremental EBIT in the first year, which is closest to $440.
To calculate the incremental EBIT (earnings before interest and taxes) in the first year for the Sisyphean Corporation's project: Sales: The cane manufacturing machine will result in sales of 2000 canes in year 1, and sales are estimated to grow by 10% per year each year through year three. Therefore, the total sales in year 1 will be: 2000 canes x $18 price per cane = $36,000
Cost of goods sold: The canes have a manufacturing cost of $9 each, so the total cost of goods sold in year 1 will be: 2000 canes x $9 cost per cane = $18,000. Depreciation: The cost of the machine is $30,000, and it will be depreciated straight line over its three-year life to a residual value of $0. Therefore, the annual depreciation expense will be: ($30,000 - $0) / 3 years = $10,000 per year.
Increase in net working capital accounts: The installation of the machine and the resulting increase in manufacturing capacity will require an increase in various net working capital accounts. It is estimated that the Sisyphean Corporation needs to hold 2% of its annual sales in cash, 4% of its annual sales in accounts receivable, 9% of its annual sales in inventory, and 6% of its annual sales in accounts payable.
Therefore, the increase in net working capital accounts will be: Cash: 2% x $36,000 = $720. Accounts receivable: 4% x $36,000 = $1,440. Inventory: 9% x $36,000 = $3,240. Accounts payable: 6% x $36,000 = $2,160. Total increase in net working capital accounts = $7,560. Tax rate: The firm is in the 21% tax bracket. Cost of capital: The Sisyphean Corporation has a cost of capital of 10%. Using this information, we can calculate the incremental EBIT in the first year as follows: Sales revenue = $36,000, Cost of goods sold = $18,000, Gross profit = $18,000, Depreciation = $10,000, Operating expenses = $7,560, EBIT = $18,000 - $10,000 - $7,560 = $440.
To calculate the incremental EBIT in the second and third years, we would need to repeat this calculation with the appropriate sales and net working capital account figures for those years. However, the problem only asks for the incremental EBIT in the first year, which is closest to $440.
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Discuss the implications of discarding the profit maximization assumption for the effectiveness and efficiency of the market system
The implications of discarding the profit maximization assumption for the effectiveness and efficiency of the market system relate to the imbalance of the economic laws of supply and demand, which is responsible for the sustainable functioning of the market.
What are profit maximization assumptions?It corresponds to the theory that the main purpose of a company is the maximization of profits, with decision making based on this purpose, identifying the best market opportunities and the strategy associated with this objective.
By developing a profit maximization strategy, companies become more competitive and aligned with demand and its characteristics, making the offer balanced, with the allocation of resources necessary for effective fulfillment of demand.
Therefore, the balance of supply and demand helps in sustainable production and pricing, developing the economy and the global market.
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Under which of the following antipoverty programs does the federal government give a fixed amount of money to each state?
A. ADFC
B. TANF
C. AFDC
D. TNAF
Under the antipoverty program, TANF (Temporary Assistance for Needy Families), the federal government gives a fixed amount of money to each state.
The correct answer is B. TANF (Temporary Assistance for Needy Families). TANF is a federal assistance program in the United States that provides cash assistance to low-income families with dependent children. Under TANF, the federal government allocates a fixed amount of money, known as a block grant, to each state. The states have flexibility in how they design and implement their own welfare programs within the framework of TANF guidelines.
The block grant provided to each state under TANF is not a fixed amount of money per se, but rather a fixed allocation determined by factors such as historical funding levels, state population, and poverty rates. States have the authority to determine how to use these funds to provide cash assistance, work opportunities, child care assistance, and other supportive services to eligible families in need.
TANF replaced the previous welfare program called AFDC (Aid to Families with Dependent Children). AFDC was a federal entitlement program that provided cash assistance to low-income families. However, with the implementation of TANF in 1996, AFDC was effectively replaced, and TANF introduced significant changes, including giving states more control over program design and implementation, setting work requirements, and imposing time limits on assistance. Therefore, option C, AFDC, is not the correct answer as it refers to the previous program that has been replaced by TANF. Options A (ADFC) and D (TNAF) are not recognized as valid antipoverty programs.
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when the fed reduces the discount rate, banks can obtain funds at a lower cost and use these funds to make more loans to their own customers. group of answer choices
When the Fed reduces the discount rate, banks can obtain funds at a lower cost and use these funds to make more loans to their own customers: True.
What is the Fed?The Fed is a short word for Federal Reserve and it can be defined as a federal government financial institution that was established by the Federal Reserve Act on the 23rd of December, 1913 by the U.S Congress.
Additionally, the Fed is just like all central banks in a country and as such, it is considered as a United States government agency that regulates banking activities, supervise and regulate banks, as well as control the issuance of currency in the United States of America.
In conclusion, banks in the United States of America are able to obtain funds at a lower cost and make more loans to their own customers when the discount rate is reduced or lowered by the Fed.
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Complete Question:
When the Fed reduces the discount rate, banks can obtain funds at a lower cost and use these funds to make more loans to their own customers.
group of answer choices
False
True
there are three important properties to remember about demand curves . describe these properties.
A.
It has a negative​ slope, which bisects the X​, or​ quantity, axis, and bisects the Y​, or​ price, axis.
B.
It has a positive​ slope, which intersects the X​, or​ quantity, axis, and asymptotically approaches the Y​, or​ price, axis.
C.
It has a negative​ slope, which asymptotically approaches the X​, or​ quantity, axis, and intersects the Y​, or​ price, axis.
D.
It has a negative​ slope, which intersects the X​, or​ quantity, axis, and intersects the Y​, or​ price, axis.
D.
It has a negative​ slope, which intersects the X​, or​ quantity, axis, and intersects the Y​, or​ price, axis.
How do eco
The three important properties of demand curves are that they have a negative slope, intersect the Y-axis at a price point, and intersect the X-axis at a quantity point.
Economists interpret these properties as follows:
The negative slope of the demand curve means that as the price of a good or service increases, the quantity demanded decreases, and vice versa. The point where the demand curve intersects the quantity and price axis is known as the equilibrium point, where the market clears and the quantity supplied equals the quantity demanded.
A positive slope of a curve is not a property of a demand curve, but of a supply curve. The intersection point of a supply curve and a demand curve determines the equilibrium price and quantity in a market.
A negative slope of a curve asymptotically approaching the X-axis and intersecting the Y-axis is not a property of a demand curve, but of a marginal cost curve.
The negative slope of the demand curve indicates the law of demand, which states that as the price of a good or service increases, the quantity demanded decreases, and vice versa. The point where the demand curve intersects the quantity and price axis is known as the equilibrium point, where the market clears and the quantity supplied equals the quantity demanded.
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--The complete question is, What is the interpretation of the three important properties of demand curves by economists, which are: (A) a negative slope intersecting both the quantity and price axes, (B) a positive slope intersecting the quantity axis and asymptotically approaching the price axis, and (C) a negative slope asymptotically approaching the quantity axis and intersecting the price axis?--
Which of the following are characteristics of a scarce resource?
Choose 1 answer:
Choose 1 answer:
(Choice A)
A
The supply of the resource exceeds the demand of the resource.
(Choice B)
B
There is a fixed quantity of the resource available but no demand for it.
(Choice C)
C
There is a demand for that resource with limited supply.
(Choice D)
D
There is limited supply of a resource with no demand for that resource.
(Choice E)
E
The resource has unlimited supply and limited demand.
There is a demand for that resource with limited supply are characteristics of a scarce resource. When the demand for a natural resource exceeds the supply, resource scarcity results, which causes the stock of those resources to decrease.
As a result of rising costs that make the demand resource less accessible to those who are least well-off, this might result in unsustainable supply growth and an increase in inequality. When there aren't enough resources to meet everyone's needs, there is scarce resource. Oil is among the most well-known instances of how resource scarcity affects the United States. Local gas prices will surely climb when oil prices around the world do.
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When Sam applied for a loan, he was assured that his rate would not change if he closed within 30 to 90 days. Sam had a(n) ______ on the interest rate.
Given that the interest rate would not change for a given period of time, we can say that Sam had a lock on the interest rate.
What is interest rate?This is the extra money that grows due to the fact that people are saving their money in the bank.
It is the rate at which the benefit that is accrued from saving or investment grew overtime.
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What are the roles of agriculture is to maximize the production in the agricultural sector ?
Agricultural modernization prepares conditions for industrialization by boosting labor productivity, increasing agricultural surplus to accumulate capital, and increasing foreign exchange via exports. ... As agriculture becomes more productive, excess labor moves from rural farm jobs to urban manufacturing jobs.
What are some of the similarities and differences between the CTSOs of HOSA and Educators Rising? Please describe what makes these two organizations differ from each other.
Answer:
Similarities and differences between CTSOs of HOSA and Educators Rising are in Educators Rising you work with children and HOSA is for people who are interested in health science. Another difference is and a similarity is that neither are clubs but EdRising is an organization and HOSA is a tool.
Explanation:
Julie has just retired. Her company’s retirement program has two options as to how retirement benefits can be received. Under the first option, Julie would receive a lump sum of $141,000 immediately as her full retirement benefit. Under the second option, she would receive $20,000 each year for 8 years plus a lump-sum payment of $60,000 at the end of the 8-year period.Required:1. Calculate the present value for the following assuming that the money can be invested at 9%. If she can invest money at 9%, which option would you recommend that she accept?
After considering the given data we conclude that option 1 has a greater present value than option 2, I advise Julie to choose it.
In order to evaluate the present value of money, we have to know the future value, the interest rate per period, and the number of periods.
We apply this formula:
\(PV = FV/ (1+r)^n,\)
Here we perform division regarding the future value by a factor of 1 plus the interest rate raised to the power of the number of periods.
For choice 1, Julie will get her whole retirement payout in a lump payment of $141,000 right now. Option 2 will conclude her with $20,000 a year for eight years along with a lump sum payout of $60,000 at the end of the eight years.
To evaluate which option is better for Julie assuming that she can invest money at 9%, we can calculate the present value for each option.
PV equals $141,000 for option 1 / (1+0.09)0 = $141,000
PV is $20,000 / (1+0.09) for option 2 + $20,000 / (1+0.09)² + $20,000 / (1+0.09)³ + $20,000 / (1+0.09)⁴ + $20,000 / (1+0.09)⁵ + $20,000 / (1+0.09)⁶ + $20,000 / (1+0.09)⁷ + ($60,000) / (1+0.09)⁸ = $128,591
As a result, because option 1 has a greater present value than option 2, I advise Julie to choose it.
In the field of finance and economics, interest is considered the amount paid over and above the principle amount (the amount borrowed) to a lender or depositor by a borrower or deposit-taking financial institution at a predetermined rate. It differentiates from a fee that the borrower have to pay to the lender or another organization.
It also distinguished from a dividend, which is cash distributed to shareholders (owners) by a business from its profit or reserve, but not at a predetermined rate or proportionally; rather, it is a portion of the reward received by risk-taking businesspeople when revenue is earned that exceeds all costs.
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What is one of the best ways to avoid credit problems? A. Use your credit as often as possible. B. Apply for as many credit cards as you can. C. Pay your credit bills on-time each month. D. All of the above
Answer:
d. all of the above
Explanation:
they all make sense
interview any business owner on impact of crime
Answer:
Businesses that had been affected by crime were found to be 17 to 22 percent less likely to increase employment. Almost half the businesses said that fear of crime among their clients or customers had had a negative impact on their businesses. This figure was particularly high in townships and inner city locations.
Explanation:
I hope this helps you sorry if it doesn’t
Business Math!
Your budget says that savings should be 11% of income. If you earn $1,500.00 a month, how much should
you save in a year?
$1.880.20
$1,880.00
$1,780.00
$1,980.00
Answer:
$1,980.00
Explanation:
$1,500.00 * 0.11 = $165.00
$165.00 * 12 months = $1,980.00
You should save $1,980.00 in a year.
a 12-month insurance policy was purchased on dec. 1 for $3,600 and the prepaid insurance account was increased for the payment. demonstrate the required adjusting journal entry on dec. 31 by selecting from the choices below. multiple choice question. insurance expense would be debited for $3,600. cash would be credited for $3,600. insurance expense would be debited for $300. prepaid insurance would be credited for $3,600.
The adjusting journal entry that needs to be made on December 31 for the 12-month insurance policy that was purchased on December 1 for $3,600 and was credited to the prepaid insurance account is to debit the insurance expense account for $300 and credit the prepaid insurance account for $300.
This is because the insurance policy covers a period of 12 months, and as of December 31, only one month has passed, which means that the company has used only one-twelfth of the prepaid insurance amount, which is $300.
By adjusting the prepaid insurance account and recognizing the expense for the month, the financial statements will reflect the correct amount of expenses incurred during the period. It's important to make these adjustments in a timely and accurate manner to ensure that the financial statements are reliable and useful for decision making.
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Answer:
insurance expense would be debited for $300.00.
Explanation:
You live in a rural area and don't have a nearby wired network to connect to. What could you use to connect to the Internet?
Answer;
Satellite
explanation;
7. Based on the following table which indicates expenditure of the household on a commodity, answer the questions that follow ( The price of the good is Br. 10 ) Income ( Br. / month) Quantity Demanded ( units / month ) 10,000 50 20,000 60 30,000 70 40,000 80 50,000 90 A) Calculate income elasticity of demand, if income increases from Br. 10, 000 to Br. 20,000 and if income increases from Br. 40, 000 to Br. 50,000. B) Is this a normal or an inferior or a luxury good? Justify. C) Does the proportion of household income spent on this good increase or decrease as income increases?. Why?
The income elasticity of demand is calculated for a good with an initial price of Br. 10 and different levels of income. The good is determined to be normal, and as income increases, the proportion of household income spent on the good decreases due to its income elasticity being less than 1.
The formula for income elasticity of demand is
% change in quantity demanded / % change in income
When income increases from Br. 10,000 to Br. 20,000, the percentage change in income is 100% [(20,000-10,000)/10,000]. The percentage change in quantity demanded is 20% [(60-50)/50]. Thus, income elasticity of demand is 0.2/1 = 0.2.
When income increases from Br. 40,000 to Br. 50,000, the percentage change in income is 25% [(50,000-40,000)/40,000]. The percentage change in quantity demanded is 12.5% [(90-80)/80]. Thus, income elasticity of demand is 0.125/0.25 = 0.5.
A good is considered normal if its income elasticity of demand is positive. In this case, the income elasticity of demand is positive (0.2 and 0.5), indicating that the good is a normal good.
The proportion of household income spent on this good will decrease as income increases.
This is because the demand for this good is increasing at a slower rate than the increase in income (income elasticity of demand is less than 1). As a result, the proportion of income spent on this good will decrease with an increase in income.
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Sean is an information security architect at a financial firm. As his first project, he must design and build an efficient, sure-shot, yet cost-effective solution to detect and prevent bank credit card fraud. How should Sean proceed?
Which of these headlines represents institutional advertising?
A. "We have new prom dresses on sale."
B. "We have the best cookies in town."
C. "Purchase our new software today."
D. "We are the best at accounting."
Answer:
D
Explanation:
they are promoting their value to the industry and not trying to inform about a specific product. the intent of institutional marketing is to build trust in the brand.
The headline that represents institutional advertising is "We are the best at accounting. Thus the correct option is D.
What is advertising?
Advertising is referred to as a tool of promotion used to create awareness about the product or services among the customers which persuade them to make a purcahse and increase the sale of teh company.
In institutional advertising, there is no advertisement to sell products instead they focus on selling their services through their values and ethics. They highlight their values to customers so that customers can give their attention which improves their reputation.
"We are the best at accounting" describes promoting the brand's value among customers which best appropriate example for institutional advertising where they reflect a positive image of the brand.
Therefore, option D is appropriate.
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Which occurs during disequilibrium? Check all that apply. Supply and demand meet. Supply is less than demand. Supply and demand set prices. Supply is greater than demand. Supply and demand set production.
Answer:
2 and 4
Explanation:
During desequilibrium supply is less than demand or supply is greater than demand.
The market is experiencing a disequilibrium when the market price is above or below the equilibrium price, so disequilibrium refers to the moment when the quantity of supply does not equal the quantity of demand. So that, during disequilibrium supply is less than demand, which would result in shortage or supply is greater than demand as well and would lead to surplus.
So, option 2 and 4 are the correct ones.
The economy can be in a state of disequilibrium. The options that occurs during disequilibrium are Supply is less than demand and Supply is greater than demand.
Disequilibrium is simply known as when external forces leads to a disruption in a market's supply and demand equilibrium. When this happens, the market is said to be in a state in which supply and demand do not matched.
It often happens if the price was below the market equilibrium price making demand to be greater than supply. This can lead to a shortage. It often occur due to government controls, non-profit maximizing decisions etc.
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Anyone have a good name for a sports media company?
andrea and jim were planning to list their home with cheryl, but just let her know they no longer wish to work with her. when cheryl mentioned that listing agreements are legally binding, andrea and jim reminded her that their agreement is not legally binding. what would be the reason for this?
The reason why the agreement is not binding is because they did not proceed to sign an agreement.
How to know if a project is bindingAndrea and Jim's agreement with Cheryl is not legally binding because a listing agreement is only legally binding if it meets certain criteria, such as including specific terms and being signed by all parties.
If Andrea and Jim did not sign a binding agreement, or if the agreement they signed did not meet legal requirements, then they may not be legally obligated to work with Cheryl.
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from lesson 2, the era of expertise was largely concerned with
The focus of the era of expertise discussed in Lesson 2 was primarily on the pursuit of specialized knowledge and skills. Here option B is the correct answer.
During this era, which can be traced back to the 18th and 19th centuries, there was a growing emphasis on expertise and the development of specialized fields of study. This period saw the rise of professionals in various disciplines who sought to deepen their understanding and mastery of specific subjects.
One significant aspect of this era was the establishment of formal educational institutions and systems, such as universities and professional training programs. These institutions provided individuals with opportunities to acquire specialized knowledge and skills, leading to the professionalization of various fields. The era of expertise was characterized by a belief in the value of education and the cultivation of expertise in specific areas.
Moreover, this focus on specialized knowledge and skills was driven by the recognition that expertise in a particular field could lead to advancements in technology, innovation, and overall societal progress. As individuals specialized in their respective domains, they contributed to the overall growth and development of society by pushing the boundaries of knowledge and applying it to practical problems.
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Complete question:
Which of the following best characterizes the focus of the era of expertise discussed in Lesson 2?
A) Technological advancements and their impact on society
B) The pursuit of specialized knowledge and skills
C) Social and political changes shaping the world
D) Economic growth and globalization
Which market structure is most prevalent in reality? Explain.
Answer:
Perfect competition is an ideal type of market structure where all producers and consumers have full and symmetric information, no transaction costs, where there are a large number of producers and consumers competing with one another. Perfect competition is theoretically the opposite of a monopolistic market.
Explanation:
Pls mark me the Brainliest..pls..
Let's review different market structures and their characteristics. Monopolistic competition is the most common market structure, characterized by brand name and slightly differentiated products with many substitutes.
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If a business is using factors of production 100% efficiently, the plot will be on the curve. However, most business efficiency falls inside the
curve. Why is this?
A. They are not making efficient use of their factors
of production.
B. They are making over 100% efficient use of their
factors of production.
C. They are making inequitable use of their factors
of production.
Answer: A. They are not making efficient use of their factors of production.
Explanation:
Production Possibilities Curve helps in capturing opportunity cost and scarcity when an economy produces two goods or services.
It should be noted that the points on the interior of the PPC simply means that the economy is inefficient. The points on the PPC implies that the economy is efficient, while the points beyond the PPC simoky means that they are unattainable.
Based on the question, the production points inside the curve simply implies that the economy isn't producing at its comparative advantage, and therefore, they are not making efficient use of their factors of production.
13. The directors of a firm have to discuss the following topics. Which topic is least likely to be directly affected by
the government's influence on the firm?
A) health and safety laws
B) the interest it pays on borrowed money
C) the minimum wage it must pay its workers
D) the replacement of the director of finance
Answer:
D) the replacement of the director of finance
Explanation:
The replacement of the director of finance is an internal affair on the company. It is not subject to any government regulations, unlike the other options. In choosing the director of finance, the company directors will select the best candidate for the job according to their judgment. In deciding who will the next director of finance, the directors don't need to consult any other person or regulations.
A) Health and safety laws, interest on loans, and the minimum wages are subject to regulation by government agencies such as OSHA for health and safety and the Federal Reserve for interest rates.
In the U.S., cash takes which two forms
its takes the form of paper money and coins
Choose a picture of a family member, a friend, or a person that you admire in business, political, sports entertainment and other industries that motivate you to achieve your dream
Mohammed Ali was a professional boxer, philanthropist, and social crusader whose passion, perseverance, and desire to be the greatest in his area motivates me.
He exemplifies self-actualization, the highest level of Maslow's Hierarchy of Needs, because he not only attained professional achievement but also used his position to promote social change and better the lives of others.
His uncompromising devotion to his ideas and tireless pursuit of greatness served as a continual reminder to never settle for mediocrity and to strive for perfection in all aspects of my life.
What is Abraham Maslow's Hierarchy of Needs Theory?Abraham Maslow's Hierarchy of Needs Theory is a psychological theory that discusses how humans have a certain set of needs that must be addressed in order to achieve the ultimate goal of self-actualization.
Maslow's thesis is based on the idea that we are driven by our basic human needs. Furthermore, if some of our most basic requirements are not addressed, we may be unable to advance and meet our other needs. This may explain why we feel "stuck" or uninspired.
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Full question:
Choose a picture of a family member, a friend, or a person that you admire in business, politics, sports entertainment and other industries that motivate you to achieve your dream. Be creative wrth your answer. You can send your answer online or you can paste a picture inside.
Describe that person and based on Maslow's Hierarchy of Needs Theory explain how he/she motivates you and your desire to fulfil your dreams needs. Write your answer below.
what do you think about women getting less salary than men?
Answer:
It's just unfair, men and women should get same amount of salary,
Salary gap is very very unfair.
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how does the government pay for roads, schools, and emergency services?
Answer:
Taxes
Explanation:
The government pays for the roads, schools, and emergency services by collecting taxes.
What are taxes?
Taxes are obligatory contributions made by individuals or organizations by a government agency — whether local, regional, or national.
Tax revenue supports government services, including public works and services such as roads and schools, or programs such as Community Safety and Medicare.
The Internal Revenue Service (IRS) is responsible for collecting income taxes in the United States.
The cost of building and maintaining highways is received from general taxes such as income and sales taxes as it comes from fuel taxes or other "consumer fees" on drivers.
Thus,the government pays for the roads, schools, and emergency services by collecting taxes.
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Which characteristic gives the term preference shareholder its distinct name?
Preferred shareholder gets its name from its unique feature that shareholders of such shares are given first preference in terms of payment in case the business_____.
Answer: dividends
Explanation:
Dividends are not liability of the firm. The preferred dividends are differed. The dividends and preferred dividends must be paid to the individual stakeholders so that equal share share can reach out to the individual owner before the common shareholders can receive any monetary gain. Dividends are the taxes that are not included in the business expenses but it is included as corporate tax. The dividends by the shareholders are included with the tax.
Answer:
shuts down
Explanation:
How can businesses entice Face book users to interact with them on Face book?
Answer:
i mean they could bribe or like start selling stiff on there to get peoples attention