The opportunity cost of production of a good falls as its output increases best describe what occurs along a bowed-out production possibilities curve. Thus, option b is correct.
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. Opportunity costs are by definition invisible, making it simple to ignore them. Making smarter decisions requires an understanding of the possible possibilities lost when a company or person chooses one investment over another.
Opportunity costs have a value that may help people and businesses make more lucrative decisions. Opportunity cost is a wholly internal expense that is only utilized for strategic consideration; it is not included in accounting profit and is not reported externally.
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Cms may eliminate any increase in payment due to the occurrence of selected post-admission complications, known as:.
Answer:Hospital Acquired Conditions
Explanation:
CMS may eliminate any increase in payment due to the occurrence of selected post-admission complications known as Hospital Acquired Complications.
What are hospital-acquired conditions?Illnesses that arise when a patient is in the hospital for another reason result in suffering from these conditions known as Hospital Acquired conditions.
To reduce the causes of these spreads, Hospitals have developed reduction programs that aim to promote hospitals to enhance patient safety by reducing the number of conditions associated with hospitalization of the patient.
These reduction programs help them to design better safety and security to restrict this kind of infection.
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When should you receive your w-2 form from your employer?.
Answer: January 31
Explanation: by January 31 each year or the next business day if the date falls on a weekend or holiday.
some writers deny that employees have any obligation of loyalty to the company, because
Some writers deny that employees have any obligation of loyalty to the company, because companies are not the kind of things that are properly objects of loyalty
Why is it important for employees to be loyal?Employees that are devoted to their employers are more likely to put more effort into their work, come up with novel solutions, and go above and beyond. After all, loyal workers are content workers, and as Forbes notes, content workers translate into "hefty earnings."
Almost all workers have a legal obligation to be loyal to their employers. This holds true whether the employment contract was made orally or in writing, and whether or not the need to perform the duty was specifically mentioned in the contract.
Hence, Loyalty is one of an employee's obligations to their employer. Every state's laws require employees to abstain from acting in a way that would be detrimental to their employer's interests; this requirement is frequently referred to as the "duty of loyalty."
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help me now please and thank you
Answer:
3000
Explanation:
What are the six basic step of the problem solving process?
Answer:
Step 1: Identify and define the problem.
Step 2: Generate possible solutions.
Step 3: Evaluate alternatives.
Step 4: Decide on a solution.
Step 5: Implement the solution.
Step 6: Evaluate the outcome.
Answer:
First step: You must identify AND define the problem.
Second Step: You must generate, or brainstorm, possible solutions to your problem.
Third Step: Evaluate your alternatives.
Fourth Step: You must decide on a solution.
Fifth Step: Implement the solution of your choice.
Sixth Step: Finally, evaluate the outcome.
which company used techniques such as a profit distribution system, fixing retail prices, and endorsements and licensing connections to establish itself as an industry standard?
The company uses such as profit, distribution system, fixing retail prices, endorsements and licensing connections to establish itself as an industry standard is Spalding.
What is Spalding?Spalding refers to an American sports equipment manufacturing company and it founded by Albert Spalding in Chicago, however it is now headquartered in Bowling Green, Kentucky. This company at present primarily focuses on basketball, mainly producing balls but also commercializing hoops, rims, nets and ball pump needles. It has softballs which are commercialized through its subsidiary Dudley Sports. It has manufactured balls for other sports, such as American football, baseball, soccer and volleyball.
For a short period in the 1980s Spalding was also a designer of aftermarket automotive wheels.
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why is askom regarded as a monopoly
Answer:
Because it has no substitute s
Doug offers to sell a computer router to Eve, but it is stolen before Eve accepts. Doug:
a. is not required to obtain a similar item for Eve, because it could take an unreasonable period of time to obtain a replacement.
b. is not required to obtain a similar item for Eve, because the theft of the original router terminated the offer.
c. must obtain a similar item for Eve, if Eve offers to pay before delivery.
d. must obtain a similar item for Eve, if Doug tells Eve that he accepts the offer.
Answer:
The answer is B
Explanation:
Since its been stolen he can't offer her anything anymore based on that transaction
Did the government know how the houses would act if there was a flood?
Answer:
no, because floods vary
Explanation:
1. crediting the estimated value of uncollectible accounts to a contra account.
When a company extends credit to its customers, there is always a possibility that some of them may not be able to pay their debts.
As a result, the company needs to estimate the amount of uncollectible accounts and record it as an expense in the income statement. However, instead of reducing the accounts receivable balance directly, the company credits the estimated value of uncollectible accounts to a contra account called the allowance for doubtful accounts.
The allowance for doubtful accounts is a balance sheet account that represents the company's best estimate of the amount of accounts receivable that may not be collected. By crediting this account, the company reduces the net accounts receivable balance and provides a more accurate picture of the company's financial position.
The use of the allowance for doubtful accounts is an important accounting principle because it ensures that the company's financial statements reflect the true value of accounts receivable. Without it, the company may overstate its accounts receivable balance and therefore overstate its profitability. By using this contra account, the company can accurately report its financial position and ensure that it is not misrepresenting its financial health.
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there are two key dimensions of organizational structure that are relevant for innovation. what are these two dimensions and how can they influence innovativeness in a business? explain clearly and provide some examples (250 words).
Answer:
The two key dimensions of organizational structure that are relevant for innovation are formalization and centralization.
Formalization refers to the extent to which an organization's processes, procedures, and rules are standardized and explicitly documented. Centralization, on the other hand, refers to the degree to which decision-making authority is concentrated at the top of the organizational hierarchy, rather than distributed throughout the organization.
Formalization can influence innovativeness in a business in several ways. On one hand, highly formalized organizations may have well-established processes and procedures that make it difficult to deviate from the status quo and pursue innovative ideas. However, formalization can also provide a framework for innovation by creating clear guidelines for experimentation and providing a structured approach to the development of new products or services. For example, a pharmaceutical company that follows strict protocols for testing new drugs may have a greater likelihood of successfully bringing a new product to market.
Centralization can also have an impact on innovativeness in a business. In highly centralized organizations, decision-making authority is concentrated at the top of the hierarchy, which may make it difficult for employees at lower levels to propose and implement innovative ideas. However, centralization can also provide a clear direction for innovation and facilitate the allocation of resources toward new initiatives. For example, a technology company that is highly centralized may be better able to focus its resources on a particular area of innovation, such as artificial intelligence.
In general, a balance between formalization and centralization may be ideal for promoting innovativeness in a business. By providing a structured approach to innovation while also empowering employees at all levels to propose and implement new ideas, organizations can create an environment that fosters creativity and experimentation while also maintaining a clear direction for the future.
why planning is important before starting a business?
Answer:
So you can get ready to know 'how to make your business good'
If you don't plan, then you'll forget to setup something is may be important
Explanation:
Hope this helps :)
Making good decisions is what market research is all about. False True
Answer:
True
.............................................
jaheem, who owns a hardware store, uses an income statement to show his revenue and expenses over the past three years to potential investors. t or f
True. An income statement is one of the main financial documents used to track a company's financial performance over a period of time.
What is financial documents?Financial documents are records that provide evidence of financial activities. They are used to track and monitor the financial transactions of a business, individual, or other entity. Examples of financial documents include bank statements, invoices, purchase orders, payroll records, payment records, tax documents, and loan documents. Financial documents provide information such as the amount of money spent, the source of money, and the purpose of the expenditure. They are essential for businesses and individuals to keep accurate records of their financial activities and to ensure that all financial transactions are properly reported and accounted for. Financial documents are also a critical tool for internal and external audits, as they provide an accurate and detailed account of all financial activities.
It summarizes a company's revenue and expenses, allowing investors to assess potential investments and compare the company's performance with others in the industry.
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If Japan has a comparative advantage in the production of microchips,how would that affect their international trade?
Answer: countries would purchase microchips from japan because they are cheaper
Explanation:
Answer:
C countries with purchase microchips from Japan because they are cheaper.
Explanation: USATestprep
Which is the first step in setting a financial goal?
a. setting aside leftover income
b. reducing your spending
c. tracking your spending
d. starting a second source of income
Answer:
All four actually.
Explanation:
In order to reach a financial goal you need to:
1. Save Money
2. Set and manage a budget (usually a monthly budget listing all your known expenses works)
3. Track your spending, and keep managing your budget.
4. Reduce your spending. If you are trying to reach a goal, a great line of thinking is “Only buy what you Need, Not what you Want”
5. If you are trying to reach a set financial goal quickly, then yes, it makes sense to find a secondary source of income, such as a part time job, or start a selling site on EBay, for items you don’t use anymore, etc.
Answer: B. reduce your spending.
Explanation: by not spending money this will allow you to save money for your financial goal.
Calculate the PV of cash flows below and the NPV of the project
now Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10 Y11
-250 -75 -75 -75 -75 -75 -75 -75 -75 -75 -75
300 300 300 300 300 300 300 300 300 300 resale price
Given:
for the your payments of -250,-75…,-75 the Discount rate is 10%(with ann. Compounding) ;
the discount factor for cash inflows the Discount rate is 20% (with ann. Compounding) ;
the estimated resale price is $1MM
Q.3 You have borrowed today $250K and have to pay for 30 years $1,000 monthly payments . What was your annual borrowing rate?(APR)
Q.4 You can afford to repay monthly $3000 for your dream car. If your APR borrowing rate is 8% (with monthly Compounding) , how much of a Porsche 911 can you buy , given that the loan has to be repaid in 60 months.
Q.5 Look up GameStop last Annual Report (summary in GameStop -Supplementary file)
and try to give a "fair" valuation of the stock
Given:Cash flow for Year 1 to Year 11: -250, -75, -75, -75, -75, -75, -75, -75, -75, -75, -75 Discount rate for cash outflows (year 1 to year 11) = 10%Discount rate for cash inflows = 20%Resale price = $1MM
Calculation of Discount Factor:Discount factor = 1/(1+rate)^nCash flow Discount factor (10%) Discounted cash flow (10%) Discount factor (20%) Discounted cash flow (20%)Year 1 -250 0.909 -227.25 0.8333 -208.33Year 2 -75 0.826 -61.95 0.6944 -52.08Year 3 -75 0.751 -56.33 0.5787 -43.40Year 4 -75 0.683 -51.22 0.4823 -36.17Year 5 -75 0.621 -46.58 0.4019 -30.09Year 6 -75 0.564 -42.30 0.3349 -25.11Year 7 -75 0.513 -38.49 0.2791 -20.93Year 8 -75 0.466 -35.00 0.2327 -17.45Year 9 -75 0.424 -31.81 0.1940 -14.55Year 10 -75 0.386 -28.95 0.1612 -12.09Year 11 -75 0.351 -26.33 0.1333 -10.00PV of cash flows = $746.76NPV of the project = PV of cash flows + Resale priceNPV of the project = $746.76 + $1,000,000NPV of the project = $1,000,746.76Q3: Annual Borrowing Rate (APR)Calculation of APR:Loan Amount (P) = $250,000Monthly Payment (M) = $1,000Number of Payments (n) = 30 x 12 = 360EMI formula: M = P x (r(1+r)^n/((1+r)^n-1))where r is the monthly interest rateThe above formula can be rearranged to find the value of r as:r = ((M x (1+r)^n)/((1+r)^n - 1)) / PAfter substituting the values:r = 0.00739Monthly interest rate = 0.739%Annual interest rate = 8.87%Therefore, the Annual Borrowing Rate (APR) is 8.87%.Q4: Calculation of Porsche 911 that can be purchasedLoan Amount (P) = ?Monthly Payment (M) = $3,000Number of Payments (n) = 60APR (r) = 8%/12 = 0.00667EMI formula: M = P x (r(1+r)^n/((1+r)^n-1))After substituting the values:$3,000 = P x (0.00667(1+0.00667)^60/((1+0.00667)^60-1))Porsche 911 that can be purchased = $164,773.14Therefore, a Porsche 911 worth $164,773.14 can be bought with an APR borrowing rate of 8% (with monthly compounding) and a monthly repayment capacity of $3,000.Q5: Valuation of GameStop StockGameStop is a video game and consumer electronics retailer with headquarters in the US. As of 2nd October 2021, the stock price of GameStop is $173.49 per share. The fair valuation of the stock will depend on various factors like the future growth prospects of the company, the profitability of the company, the strength of the industry, and the competitive landscape. As a result, it is not possible to give a fair valuation of the stock without analyzing these factors.
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cwhat is entury national bank>
Entry National Bank (ENB) is a financial institution that provides banking services to its customers.
Entry National Bank is a type of bank that offers various financial services, such as savings accounts, checking accounts, loans, credit cards, and other banking products to its customers. It operates under the supervision of the regulatory authorities, such as the central bank of the country.
The primary function of a bank is to collect funds from customers and use them to provide loans to other customers who need it. Banks make money by charging interest on the loans they provide and by charging fees for the services they offer.
Entry National Bank, like other banks, has a role in the economy. It helps to facilitate transactions between individuals and businesses, thereby promoting economic activity. Furthermore, banks can help customers to achieve their financial goals by providing them with loans and other financial products that meet their needs.
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Complete Question
What is entry national bank?
Cajamadrid, S.A. issued preferred stocks in 2009. A preferred stock is simply a constant and perpetual annuity. Assuming that you got EUR 37 each year in terms of dividend, compute the price of the preferred stock in the market. The rate of discount of the preferred stocks is 22% annual. a. EUR 12. b. EUR 280. C. EUR 75. d. None of the above.
The present value of the anticipated future dividends, discounted by 22%, is used to determine the preferred stock's price, which is set at EUR 168.18. The correct option is d.
To compute the price of the preferred stock, we need to use the formula for the present value of a perpetual annuity:
Price = Dividend / Rate of Discount
Given that the dividend is EUR 37 per year and the rate of discount is 22% annually, we can calculate the price of the preferred stock as:
Price = 37 / 0.22 = EUR 168.18
Therefore, none of the options provided (a, b, c) match the calculated price. The correct answer is d. None of the above.
To explain further, the price of the preferred stock is determined by the present value of its expected future dividends. Since the dividends are constant and perpetual, we can use the formula for the present value of a perpetuity.
In this case, the rate of discount is 22%, which reflects the opportunity cost of investing in this preferred stock instead of other investment opportunities that may yield a higher return. The higher the discount rate, the lower the present value of the preferred stock, and vice versa.
Using the formula, we can see that the price of the preferred stock is EUR 168.18, which is the present value of the expected future dividends discounted at 22%.
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Nowlin Pipe & Steel has projected sales of 9,800 pipes this year, an ordering cost of $6 per order, and carrying costs of $1.50 per pipe.
Answer: See explanation
Explanation:
Here is the complete question:
Nowlin Pipe & Steel has projected sales of 9,800 pipes this year, an ordering cost of $6 per order, and carrying costs of $1.50 per pipe.
a. What is the economic ordering quantity?
b. How many orders will be placed during the year?
c. What will the average inventory be?
a. Annual Demand = 9800 pipes
Cost per order = $6
Carrying cost per unit = $1.5
EOQ = ✓[(2 x Annual demand x cost per order)/carrying cost per order]
= ✓2 × 9800 × 6/1.5
= ✓78400
= 280 units
b. Number of orders orders placed would be:
= 9800/280
= 25 orders
c. Average inventory would be calculated as:
= 280/2
= 140 units
Governing efficiency
The balancing of efficiency and innovation in
governance.
Digitization requires organizations to balance the exploitation
of existing opportunities (efficiency) and the exploratio
Governing efficiency involves balancing efficiency and innovation in governance, particularly in the digital era, to optimize resources and drive progress.
Governing efficiency refers to the challenge of striking a balance between efficiency and innovation in the realm of governance. In an increasingly digital world, organizations and governments must navigate the complexities of digitization. On one hand, they need to exploit existing opportunities and optimize processes to achieve efficiency and cost-effectiveness. On the other hand, they must also foster an environment that encourages exploration and innovation to adapt to changing technologies and societal needs. Striking this delicate balance requires forward-thinking strategies, agile decision-making, and a willingness to embrace and leverage emerging technologies while mitigating potential risks. Effective governing efficiency ensures optimal use of resources while fostering innovation and progress.
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The ________ function allows for multiple criteria in multiple ranges to be evaluated and counted.
The COUNTIF function enables the evaluation and counting of many criteria across various ranges. Use the COUNTIF function if you want to use numerous criteria at one time. The COUNTIF function has the following syntax: =COUNTIF (range, criteria).
The range specifies which cells must be counted, and the criterion control specifies which cell values must be counted and which must not. Using Excel's COUNTIF function to count using the AND condition is quite simple. For counting cells with two or more criteria, use the COUNTIFS function.
For purposes of partial matching, the COUNTIF function's criteria can also incorporate a variety of logical operators and wildcards. Excel's COUNTIF function does not allow the use of arrays and always requires a range of cells.
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How's everyone's day? explain please
Answer:
You're asking how the people in a particular place or environment you are in on how their life was that day whether it was fun exciting sad or gloomy etc.
Answer:
I'm doing fin-e, just s-ad because I ca-n't get the New Toon Meo-wscles sk-in from fort-nite because my P-s4 br-oke and Now I ca-n't get the bundle which is at a good price. I wish I could get it.
Explanation:
Consider the production functions given below: a. Suppose that the production function faced by a 30-weight ball bearing producer is given by Q = 46°299 where MPX = 2K and MP, = 26" Do both labor and capital display diminishing marginal products? Find the marginal rate of technical substitution for this production function. (Hint: The MRTS MP/MP Does this production function display a diminishing marginal rate of substitution? 1. Suppose that the production function faced by a 40-weight hall bearing producer is given by Q = 42, where MPE-41 and MP, = 4K. Do both labor and capital display diminishing marginal products? Find the marginal rate of technical substitution for this production function. Does this production function display a diminishing marginal rate of substitution? c. Compare your answers to (a) and (b). Must labor and capital display diminishing marginal products in order for the MRTS to diminish?
Both production functions and determine if labor and capital display diminishing marginal products, find the marginal rate of technical substitution (MRTS), and see if there's a diminishing marginal rate of substitution.
a) Production function: Q = 46°299, MPx = 2K, MPy = 26°
Since MPx and MPy are constants, neither labor nor capital displays diminishing marginal products, as the marginal product of each input does not decrease as the quantity of the input increases.
MRTS = MPx/MPy = 2K / 26°
The MRTS is also constant, so this production function does not display a diminishing marginal rate of substitution.
b) Production function: Q = 42, MPx = 4K, MPy = 41
Since MPx is proportional to K and MPy is constant, labor does not display diminishing marginal products, but capital does.
MRTS = MPx/MPy = 4K / 41
In this case, the MRTS decreases as K increases, so this production function displays a diminishing marginal rate of substitution.
c) Comparing answers (a) and (b), we can see that it's not necessary for both labor and capital to display diminishing marginal products in order for the MRTS to diminish. In example (b), capital displayed diminishing marginal products, and the MRTS was diminishing.
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x rays from astronomical objects can only be detected from telescopes in space.
The statement given "x rays from astronomical objects can only be detected from telescopes in space. " is true because X-rays from astronomical objects can only be detected from telescopes in space.
This is because Earth's atmosphere absorbs most X-rays, preventing them from reaching the surface. X-rays have high energy and short wavelengths, making them more easily absorbed by the atmosphere compared to visible light or radio waves.
By placing telescopes in space, outside the atmosphere, scientists can capture and study X-rays emitted by celestial objects such as black holes, neutron stars, and active galaxies. Space-based X-ray telescopes, like NASA's Chandra X-ray Observatory, are specifically designed to detect and analyze X-rays, providing valuable insights into the nature of the universe. Therefore, the statement is true.
""
x rays from astronomical objects can only be detected from telescopes in space. true false
""
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One of the objectives of facility location analysis is to select a site with the lowest total cost. Which of the following are hidden costs that should be included in the analysis
One of the objectives of facility location analysis is to select a site with the lowest total cost. The hidden costs that should be included in the analysis is Product life cycle costs. the correc answer is E.
Costs connected with a product across its entire life cycle are referred to as product life cycle costs. It tracks the sales or expenses of every product over the course of the relevant calendar years or time frames.
So choosing a site with the lowest total cost is one of the goals of facility location analysis. Product life cycle costs are the hidden expenses that need to be taken into account in the analysis.
Your question is incomplete but most probably your full question was
One of the objectives of facility location analysis is to select a site with the lowest total cost.
Which of the following are hidden costs that should be included in the analysis?
A. Becoming less responsive to the customer
B. Supplier costs
C. Taxes
D. Construction costs
E. Product life cycle costs
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Suppose that you start off in long run equilibrium, where LRAS, SR, and AD meet altogether in one point. Explain what happens to price, real GDP, inflation, and unemployment in each of the following cases:
(a) The interest rate falls;
(b) Wage rate temporarily falls;
(c) The dollar appreciates relative to foreign currencies;
(d) Businesses temporarily expect higher resource prices in the future;
(e) Business taxes rise
(a) When the interest rate falls, it stimulates borrowing and investment, leading to an increase in aggregate demand (AD). As a result, both price levels and real GDP will rise. The increase in aggregate demand will lead to upward pressure on prices, causing inflation to increase. With increased investment and economic activity, unemployment is likely to decrease as businesses expand and create more job opportunities.
(b) If the wage rate temporarily falls, businesses' production costs decrease, leading to a decrease in their marginal cost (MC) and an increase in short-run aggregate supply (SRAS). As a result, both price levels and real GDP will increase. With lower production costs, businesses can lower their prices, which can lead to a decrease in inflation. However, the impact on unemployment depends on the elasticity of labor supply. If the wage decrease leads to a significant increase in labor supply, it could lead to an increase in employment and a decrease in unemployment.
(c) When the dollar appreciates relative to foreign currencies, it makes imports relatively cheaper and exports relatively more expensive. This leads to a decrease in net exports, reducing aggregate demand (AD). As a result, both price levels and real GDP will decrease. With decreased aggregate demand, inflation is likely to decrease. The decrease in economic activity can also lead to an increase in unemployment as businesses may reduce production and cut jobs.
(d) If businesses temporarily expect higher resource prices in the future, it can lead to an increase in their costs of production. This will result in a decrease in short-run aggregate supply (SRAS), leading to higher price levels and lower real GDP. With higher production costs, businesses may pass on the cost increases to consumers, leading to higher inflation. The impact on unemployment depends on the extent to which businesses adjust their production and hiring plans in response to the expected higher resource prices.
(e) When business taxes rise, it increases the cost of production for businesses. This leads to a decrease in short-run aggregate supply (SRAS), causing price levels to increase and real GDP to decrease. Higher production costs can lead to higher inflation as businesses pass on the tax burden to consumers. The increase in production costs may also result in businesses reducing their output and cutting jobs, leading to an increase in unemployment.
It's important to note that these are simplified explanations and the actual impact of these factors can be influenced by various other economic conditions and factors. Additionally, the magnitude and duration of the effects can vary depending on the specific circumstances and the overall state of the economy.
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Casey is looking to buy a new replacement set of golf clubs. After he settles on a particular set of callaway clubs, what are the next two choices casey has to make?
The next two choices Casey has to make are the type of shafts he wants in his clubs and the type of grips he wants on them. Shafts come in different materials such as steel, graphite, and titanium, and they come in varying flexes and weights.
What do you know about graphite?
Graphite is a dark gray to black mineral with a metallic luster and very low hardness on the Mohs scale. Graphite has a layered structure and is composed of very weakly bonded carbon atoms arranged in hexagonal lattices. Graphite is an excellent conductor of electricity and heat, though it is relatively soft and can easily be scratched. It is also very dense and has a high melting point. Graphite is used in a variety of applications from pencils to lubricants to electrodes in fuel cells. It is also an important material used in the manufacture of steel. Graphite is also a source of graphene, a two-dimensional form of carbon with a wide range of applications in electronics and nanotechnology.
Grips come in a variety of materials, textures, and sizes. Choosing the right shaft and grip can help maximize the performance of the clubs.
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what is the interest rate that would make $10,000 received in the first year equivalent to $3,500 received each year for 4 years?
SI = (P x R x T) / 100
SI = Simple Interest. P = Principal amount (invested or borrowed) R = Rate of interest. T = Time period (investment or loan repayment)
=($10,000*3,500 *4)/100=140000000
The interest rate that is determined over a year is the annual interest rate. Although some interest rates apply to shorter time frames, such a day or a month, they are often annualized. The preference for a dollar of now over a dollar of future has been characterized as an index of the interest rate. The borrower is willing to take the necessary steps. A person who deposits money in a bank or other financial institution also earns additional income in terms of the recipient, known as interest, taking into account the time value of money, if you are a borrower, the interest rate is the sum you pay for borrowing money and is expressed as a percentage of the overall loan amount.
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What is the break-even point for the American Division?
a. $360,000
b. $440,000
c. $600,000
d. $1,210,549
Answer:
The break-even point for the American Division is $440,000.
Explanation: