AYC Shoes just started to develop their own line of custom sneakers. The company has asked you, as a consultant, to prepare a financial plan that includes the following:
1. Variable and fixed expenses for the shoe manufacturing (you can find this information by researching other shoe companies, such as Nike, Adidas, Puma, etc.)
2. Based on the expenses that the organization will have, determine the price that they should sell the shoes for.
3. After deciding on the pricing scale and using the expenses you determined in Question #1, determine the break-even point for the organization.
Your submission should include the following:
1. Overview of what the break-even point is (include research)
2. Discuss how expenses are determined and analyzed (fixed and variable)
3. Provide the financial information as listed above for AYC Shoes
Answers
1. Overview of the break-even point:
The break-even point is a financial metric that indicates the level of sales or revenue needed for a company to cover all its expenses and generate zero profit or loss. At the break-even point, total revenue is equal to total expenses.
By determining the break-even point, a company can understand the minimum sales volume required to cover costs and make informed decisions regarding pricing, production levels, and profitability.
2. Determination and analysis of expenses (fixed and variable):
Expenses can be categorized into fixed and variable costs:
Fixed expenses: These costs remain constant regardless of the level of production or sales. They include items such as rent, salaries of permanent employees, insurance premiums, administrative costs, and depreciation of fixed assets. Fixed expenses do not change in the short term, but they can vary over time as business needs change.Variable expenses: These costs vary in direct proportion to the level of production or sales. They include raw materials, direct labor costs, packaging materials, shipping costs, sales commissions, and other costs directly related to the production or sale of goods. Variable expenses increase as production or sales increase and decrease as production or sales decrease.Analyzing expenses involves identifying and classifying each expense as either fixed or variable. This can be done through historical data, industry benchmarks, cost accounting methods, and analysis of the cost structure of similar businesses in the industry.
3. Financial information for AYC Shoes:
To provide specific financial information for AYC Shoes, such as variable and fixed expenses, and determine the break-even point, we would need access to detailed financial and operational data specific to the company. This information is not available to me as an AI language model. It would require an in-depth analysis of AYC Shoes' cost structure, production process, and pricing strategy.
Analysis of AYC Shoes' expenses, gathering cost data, estimating variable and fixed costs, and using financial modeling techniques to determine the break-even point based on the expense structure and desired pricing strategy. This analysis may involve studying industry benchmarks, conducting market research, and considering the target market and competitive landscape to arrive at an appropriate pricing strategy and break-even point for AYC Shoes.
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Related Questions
The manufacturing overhead budget at Franklyn Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 3,300 direct labor-hours will be required in January. The variable overhead rate is $8 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $43,170 per month, which includes depreciation of $3,590. All other fixed manufacturing overhead costs represent current cash flows. The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:
Answers
Answer:
$65,980
Explanation:
Calculation for what The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be
Using this formula
Cash disbursements for manufacturing overhead= Variable + Fixed
Let plug in the formula
Cash disbursements for manufacturing overhead=(3,300*$8) + ($43,170 - $3,590)
Cash disbursements for manufacturing overhead= $26,400 + $39,580
Cash disbursements for manufacturing overhead= $65,980
Therefore The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be $65,980
Florence deposits 6000 in an ordinary annuity at the end of each quarter in an account earning 6 percent interest coumpund
Answers
The future value of the account in 2 years will be $19,101.6. if Florence deposits $6000 in an ordinary annuity at the end of each quarter in an account earning 6% interest compound.
The given data is as follows:
deposits money = $6000
interest compound = 6%
Time peroid = 2Years
Future value also called Ordinary Annuity is a term used to explain at some coming date and with a shared interest rate, a sequence of normal prices will be worth it.
The Future Value is calculated by using the formula:
FV = C [{ (1+i)^n - 1}/i]
Future Value = 6000 [{ (1+i)²- 1}/0.06]
Future Value = 6000 [(1.06)² - 1]/0.06
Future Value = 6000 [1.191016 - 1]/0.06
Future Value = 6000 x (0.191016/0.06)
Future Value = 6000 x 3.1836
Future Value = $19,101.6
Therefore, we can conclude that the future value of the account in 2 years will be $19,101.6.
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The complete question is-
Florence deposits 6000 in an ordinary annuity at the end of each quarter in an account earning a 6 percent interest compound. What is the future value of the account in 2 years?
Answer:
$6021.60
Explanation:
6000+(6000×0.6^2)
=6000+21.6
=6021.
An agreement between countries to encourage free trade and promote thegroup's collective economic interests is an__
O A. comparative advantage
OB. trade bloc
O C. absolute advantage
D. trade barrier
Answers
Answer:
OB. trade bloc.
Explanation:
A trade bloc is when a group of countries come together and form or create an agreement that reduced or even eliminates any restrictions on trade between themselves. This type of intergovernmental agreement allows the participating countries to have cordial economic relationships with each other.
Through this type of agreement, the regional barriers to international trade are open or given fewer restrictions to allow or encourage free trade between themselves. Moreover, it also allows them to trade among themselves and prevent the non-members from participating in any economic trade with the member nations.
Thus, the correct answer is option B.
Donald Trump wanted to pull us out of the WTO because he thought China was cheating. Would you stay in or leave?
Answers
Answer: I hate Trump and would make him eat tortilla chip vertically :/
Explanation:
Between 2020 and 2021 , a small businessperson's income increased from $200,000 to $220,000. The annual state income taxes that she paid increased from $4,200 to $4,900. What was her marginal state income tax rate in 2021? Did this individual experience proportional, progressive, or regressive taxation? Explain briefly This small businessperson's marginal state income tax rate in 2021 was 3.5 percent. (Enter your response rounded to one decimal place.) Her average state income tax rate in 2021 was 2.2 percent. (Enter your response rounded to one decimal place.) This individual experienced taxation because her marginal tax rate was her average tax rate.
Answers
The average tax rate for the small business person in 2021 would be:$4900/$220000 × 100 = 2.2%Since the marginal tax rate of 3.5% is higher than the average tax rate of 2.2%, the small business person in question experienced progressive taxation.
Marginal state income tax rate in 2021:The marginal tax rate is the percentage of tax paid on an additional dollar of income. Therefore, the marginal tax rate for the small business person in 2021 would be:$4900 - $4200 = $700Therefore, the marginal tax rate would be:$700/$20000 × 100 = 3.5%Thus, her marginal state income tax rate in 2021 was 3.5 percent.
Progressive, Proportional, or Regressive taxation:The type of taxation experienced by the individual can be identified by comparing the marginal tax rate to the average tax rate. When the marginal tax rate exceeds the average tax rate, the taxation is progressive. If the marginal tax rate is less than the average tax rate, the taxation is regressive. When the marginal tax rate equals the average tax rate, the taxation is proportional.
Average state income tax rate in 2021: The average tax rate is the percentage of total income paid in taxes. Therefore, the average tax rate for the small business person in 2021 would be:$4900/$220000 × 100 = 2.2%Since the marginal tax rate of 3.5% is higher than the average tax rate of 2.2%, the small business person in question experienced progressive taxation.
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When firm 2 acts as a Stackelberg follower, firm 1's profit is less than its profit if it competed in a Cournot fashion. then neither does firm 1 produce a monopoly output, firm 1 have lower profit than it would if it competed in a Cournot fashion, nor firm 2 earn more if it competed in a Cournot fashion. firm 2 will earn more than if it competed in a Cournot fashion. firm 1 produces the monopoly output.
For a Nash equilibrium to exist, what conditions are required? the existence of a dominant strategy for one player and the existence of a secure strategy for another player neither the existence of dominant strategies or of a secure strategy for both players nor the existence of a dominant strategy for one player and a secure strategy for another player the existence of dominant strategies for both players the existence of a secure strategy for both players
Answers
A Nash equilibrium requires the existence of a dominant strategy for one player and a secure strategy for another player.
A Nash equilibrium requires the existence of a dominant strategy for one player and a secure strategy for another player. Neither the existence of dominant strategies nor a secure strategy for both players is sufficient for a Nash equilibrium to occur. In the given scenario, firm 1's profit is lower when acting as a Stackelberg follower compared to competing in a Cournot fashion, and firm 2 earns more when acting as a Stackelberg leader. However, firm 1 produces the monopoly output, indicating that firm 2's strategy as a follower is not dominant. Therefore, the conditions for a Nash equilibrium are not met in this case.
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what were the strategic challenges facing best buy in 2012? why was the company finding it hard to respond to?
Answers
The strategic challenges that Best Buy was the facing in 2012 include a change in consumer preferences in shopping, particularly online shopping and show-rooming, which resulted in declining sales.
This was a strategic challenge because the business was primarily a brick-and-mortar store. The company's inability to react to the change in technology and shopper preferences resulted in them losing their market position and losing consumers to other competitors such as Amazon and Walmart. Additionally, the company's the higher-priced items and less-efficient operations made it more difficult to compete in terms of pricing, which resulted in declining sales and reduced profits.
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A company can act ethically toward employees and meet their expectations by A. improving their products over time and providing guarantees to customers about the integrity of their products. B. selling customers quality products at a fair price and providing good after-sales service. C. maximizing the stockholders' return on investments. D. creating an occupational structure that fairly and equitably rewards organization members for their contributions. E. implementing a high-power distance culture and discouraging decentralized decision making.
Answers
Answer:
D. creating an occupational structure that fairly and equitably rewards organization members for their contributions
Explanation:
When the company acts ethically for the employees and meeting their expectations so this could be possible when the organization structure is properly developed that represent contribution made by the members of the organization is quite fair and equitable and for the same the rewards is also provided so that they feels motivated
Hence, the option d is correct
A sudden decrease in the market demand in a competitive industry leads to
a. demand creating supply.
b. new firms being attracted to the industry.
c. losses in the short run and average profits in the long run.
d. above-average profits in the short run and average profits in the long run.
Answers
A sudden decrease in the market demand in a competitive industry leads to losses in the short run and average profits in the long run. When market demand decreases, businesses in the industry experience a reduction in sales, leading to short-term losses.
In the short run, firms will not be able to quickly adjust their output levels to match the decreased demand, resulting in excess supply and lower prices. In other words, firms may continue to produce at their previous levels despite the decrease in demand. This will lead to losses for firms.
In the long run, some firms may exit the industry, reducing supply and allowing the remaining firms to earn average profits. Losses in the short run and average profits, in the long run, is a plausible outcomes.
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Is eating a tomato bias?
Answers
Answer:
hindi ko po maintindihan ang tinatanong nyo
Explanation:
sa susunod po kumpletuhin nyo para masagut ko ang tanong mo
July company currently outsources a relay switch that is a component in one of its products. The switches cost $20 each. The company is considering making the switches internally at the following projected annual production costs: unit-level material cost $ 3 unit-level labor cost $ 2 unit-level overhead $ 1 batch-level set-up cost (5,000 units per batch) $ 25,000 product-level supervisory salaries $ 37,500 allocated facility-level costs $ 20,000 the company expects an annual need for 5,000 switches. If the company makes the product, it will have to utilize factory space currently being leased to another company for $1,500 a month. Moreover the company would need to hire an additional supervisor. If the company decides to make the parts, total costs will be: a. $27,000 less than if the switches are purchased. B. $20,000 less than if the switches are purchased. C. $10,500 more than if the switches are purchased. D. $30,500 more than if the switches are purchased.
Answers
The total costs if the company decides to make the parts, given the cost of making the part versus purchasing it, will be C. $10,500 more than if the switches are purchased.
What are the costs of purchasing v. buying ?The cost of purchasing to July company would be :
= Number of switches x Cost of each switch
= 5, 000 x 20
= $ 100, 000
The cost to make the switches would be :
= Material cost + Labor cost + Overhead cost + Set up costs + Supervisor salary + Rent lost
= ( ( 3 + 2 + 1 ) x 5, 000 units ) + 25, 000 + 37, 500 + ( 1, 500 x 12 )
= $ 110, 500
Difference in cost :
= 110, 500 - 100, 000
= $ 10, 500
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A competitive firm maximizes profit by choosing the quantity at which.
Answers
Profit maximization can be achieved by a competitive corporation by choosing a quantity of output such that marginal revenue equals marginal cost.
How does a corporation maximize its profit?A corporation maximizes income via way of means of operating wherein marginal revenue equals marginal price. The corporation chooses quantity in order for that rate to equal marginal value so that it can maximize its profit.
Therefore, When the marginal revenue for an aggressive corporation equals the market rate, the firm maximizes its profit.
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an extranet is a private network, such as a school or company network, in which the devices and servers are available only to users connected to the internal network.
T
F
Answers
True. An extranet is a private network that allows authorized users to access specific resources or services from outside the organization.
It is usually set up for business partners, suppliers, or customers to access certain information or systems. However, access is still restricted and only available to those who have been granted permission by the organization.
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In its 20X5 income statement, Tow, Inc. reports proceeds from an officer's life-insurance policy of $90,000 and depreciation of $250,000. Tow was the owner and beneficiary of the life insurance on its officer. Tow deducted depreciation of $370,000 in its 20X5 income tax return when the tax rate was 30%. Data related to the reversal of the excess tax deduction for depreciation follow: Year Reversal of excess tax deduction Enacted tax rates 20X6 $50,000 35% 20X7 $40,000 35% 20X8 $20,000 25% 20X9 $10,000 25% There are no other temporary differences. In its December 31, 20X5 balance sheet, what amount should Tow report as a deferred income tax liability
Answers
Answer:
the deferred income tax liability is $25,200
Explanation:
The computation of the deferred income tax liability is given below:
= Excess of depreciation as per tax over books × Tax rate
= ($370,000 - $250,000) × 21%
= $25,200
Hence, the deferred income tax liability is $25,200
We simply applied the above formula so that the correct value could come
And, the same would be considered
How do I stop procrastinating
Answers
https://www.virtuemap.com/
Buffalo Inc. presented the following data. Net income Preferred stock: 45,000 shares outstanding, $100 par, 8% cumulative, not convertible Common stock: Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1
$2,740,000
4,500,000
714,000
291,600
135,600
2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. \$2.55.) Earnings per share $
Answers
Earnings per share: $0.02
Buffalo Inc. reported net income of $2,740,000. To calculate earnings per share, we need to consider the preferred stock and common stock. The preferred stock has 45,000 shares outstanding with a par value of $100, and it carries an 8% cumulative dividend. The common stock had some activity during the year, including the issuance of additional shares, acquisition of treasury stock, and a 2-for-1 stock split on October 1.
First, let's calculate the dividend on the preferred stock. The annual dividend per share is $100 * 8% = $8. Since the preferred stock is cumulative, we need to calculate the cumulative preferred dividends for the year. The cumulative dividend is $8 * 45,000 shares = $360,000.
Next, let's calculate the weighted average number of common shares outstanding. We start with the shares outstanding on January 1, which is $4,500,000. Then, on May 1, additional shares were issued for cash, but the specific number of shares is not provided. Therefore, we need to exclude those shares from the calculation. On August 1, the company acquired treasury stock for cash, reducing the number of shares outstanding by 714,000. Finally, on October 1, a 2-for-1 stock split occurred, doubling the number of shares outstanding.
To calculate the weighted average, we need to assign the appropriate weight to each period based on the time the shares were outstanding. Assuming the stock split occurred halfway through the year, we can calculate the weighted average as follows:
(1/1 shares * 12 months) + (8/1 shares * 4 months) + (10/1 shares * 3 months) = (4,500,000 * 12) + (3,786,000 * 4) + (7,572,000 * 3) = 69,000,000
Now, we can calculate earnings per share:
EPS = (Net Income - Preferred Dividends) / Weighted Average Number of Common Shares
EPS = ($2,740,000 - $360,000) / 69,000,000 ≈ $0.0388
Finally, we need to consider the stock split. After the 2-for-1 stock split, the number of shares outstanding doubled, resulting in a final weighted average number of common shares of 138,000,000. Therefore, the adjusted earnings per share is:
EPS = (Net Income - Preferred Dividends) / Adjusted Weighted Average Number of Common Shares
EPS = ($2,740,000 - $360,000) / 138,000,000 ≈ $0.0194
After rounding the adjusted EPS to two decimal places, we get $0.02 per share. Therefore, the earnings per share for Buffalo Inc. is $0.02.
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Please help--
Spending that is based on the purchase decisions you make that can vary from month to month is a ___
Answers
From a consumer’s perspective, what are the advantages and disadvantages of personal selling? Explain.
Answers
In the customer level, personal purchases are helpful because you know next or nothing whatsoever about what you want, other than when you purchase a vehicle and need guidance about items such as forms and prices. However when you felt like you're really there to offer your cash, it can be disappointing on the part of the customer, not to really get anything out of the deal.
Maria and Marisa are fixing up their basement. They need access to cash, so they visit their bank where they are pre-approved for $55,000. They can write checks for up to this amount, and they will repay this loan by making payments over time that include the amount borrowed and finance charges. Which type of credit are Maria and Marisa using? O A. a bank line of credit OB. an installment sales credit O C. an installment cash credit OD. a single lump-sum credit
Answers
Answer:
bank line of credit
Explanation:
i got it right
companies with an online presence sometimes send direct mail to customers to advertise sales. the direct marketing association has a website where consumers can state their preferences for what types of mail they do and do not wish to receive. this is an example of ___.
Answers
when the marketing concept was adopted, marketing became the work of one department-- the marketing department true or false
Answers
Answer:
When the marketing concept was adopted, marketing became the work of
one department—the marketing department. A company that relies on
promotion with brochures, advertisements, and public service
announcements probably has not adopted the marketing concept.
The degree of innovation and creative problem solving is typically at its highest during the: conceptualization phase. termination phase. execution phase. planning phase. none of the above.
Answers
The degree of innovation and creative problem solving is typically at its highest during the conceptualization phase.
The conceptualization phase is the stage where ideas are generated, concepts are developed, and the overall vision and direction of a project or initiative are established. It is during this phase that creativity and innovative thinking play a crucial role. This is the time when brainstorming sessions, idea generation, and exploration of new possibilities occur. The conceptualization phase allows for freedom of thought, exploration of different perspectives, and the generation of unique and novel ideas. As the project progresses through subsequent phases such as planning, execution, and termination, the focus shifts towards implementation, management, and evaluation, which may require more structured and practical approaches rather than purely creative problem solving.
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a call option on jupiter motors stock with an exercise price of $75 and one-year expiration is selling at $3. a put option on jupiter stock with an exercise price of $75 and one-year expiration is selling at $2.50. if the risk-free rate is 8% and jupiter pays no dividends, what should the stock price be? assume there is no dividends
Answers
To calculate the stock price, we need to use the put-call parity formula, which states that the price of a call option minus the price of a put option with the same exercise price and expiration date is equal to the stock price minus the present value of the exercise price. Therefore, the stock price should be $69.94.
C - P = S - (X / (1 + r)^t)
Where C is the price of the call option, P is the price of the put option, S is the stock price, X is the exercise price, r is the risk-free rate, and t is the time to expiration.
Plugging in the given values, we get:
3 - 2.5 = S - (75 / (1 + 0.08)^1)
0.5 = S - 69.44
S = 69.94
Therefore, the stock price should be $69.94.
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It is the function of the _____ to take the strategic plan and develop actionable short-term goals that a business can achieve.
A. tactical plan
B. mission statement
C. vision statement
D. operating plan
Answers
Option d: Operating plan. It is the function of the operating to take the strategic plan and develop actionable short-term goals that a business can achieve.
Operations planning (OP) is the process of planning from strategic goals and objectives to technical goals [must be explained] and objectives.
Describe milestones, conditions for success, and explain what and how parts of the strategic plan will be implemented during a specific period of operation, fiscal year of commercial use, or other specific budget period To do.
The Operating Plan is the basis and basis for the annual operating budget request. Therefore, a five-year strategic plan typically requires five operational plans funded by five operational budgets.
The operational plan should define the activities and budgets for each part of the organization for the next one to three years.
They relate the strategic plan to the activities the organization undertakes and the resources needed to do so.
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Jerry, the manager at Cayman's Inc., strongly believes that his subordinates prefer to be directed, avoid responsibility, and frequently need coercion to work toward company goals. Jerry is clearly a _____ manager.
Answers
Answer:
Theory X
Explanation:
Theory X is one of the types of management. In this type of management, the managers presume that the employees are not motivated towards their work. They step out with methods like remuneration and increments to motivate the employees. These additional benefits are provided to them when the employees show great responses in tangible forms. The managers hold the thought that the employees need to be controlled and threatened to bring the maximum output of them. They also assume that the employees need constant supervision at every stage of their work.
In the given excerpt, it is evident from the steps taken by Jerry that he is a Theory X manager.
Halfway houses are residential facilities for various types of offenders to include:
Paroled offenders,
probation violators,
pre-release offenders
Answers
Halfway houses are residential facilities designed to provide transitional housing for various types of offenders, including a)paroled offenders, b)probation violators, and c)pre-release offenders.
These facilities are intended to serve as a bridge between incarceration and reentry into society. The residents of halfway houses receive various types of support services, including counseling, job training, and assistance with finding employment and housing.
The goal of these services is to help offenders successfully reintegrate into society and reduce the likelihood of recidivism. Halfway houses are often operated by government agencies or nonprofit organizations and are subject to strict regulations and oversight to ensure the safety of both residents and the community.
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3M encourages its employees to think of creative solutions to problems. It uses what is called out of the box thinking, and no idea is thought to be too ridiculous or too petty if it will solve a problem. Jana did not feel as if she could make suggestions in front of people who had been members of her work team for many years, even though no one else seemed shy about sharing ideas. Eventually, due to a process called ____, Jana became comfortable with sharing her ideas.
Answers
Answer:
Socialisation
Explanation:
Socialisation is a sociological term that refers to the process by which an individual internalise the norms and cultures of a society.
The person learns the attitudes, values, and beliefs of the system in which they exist.
This makes them more effective contributors to the community.
In the given scenario Jana did not initially feel as if she could make suggestions in front of people who had been members of her work team for many years.
But by socialising she became comfortable with sharing her ideas.
Required:
Fill out the tables below. Show all necessary calculations, presented neatly.
Cost in total:
Production volume: 5,000 units Production volume: 5,000 units
Fixed costs $500,000 ?
Variable cost ? $560,000
Answers
At a production volume of 5,000 units, the variable costs are $60,000. The fixed costs at a production volume of 5,000 units are also $500,000.
To fill out the tables, we need to calculate the missing values for fixed costs and variable costs at a production volume of 5,000 units. To find the fixed costs, we know that at a production volume of 5,000 units, the cost in total is $500,000. This means that the fixed costs remain constant regardless of the production volume.
To find the variable costs, we know that at a production volume of 5,000 units, the cost in total is $560,000. The variable costs vary based on the production volume. So, we need to subtract the fixed costs from the total costs to find the variable costs.
Total costs = Fixed costs + Variable costs
$560,000 = $500,000 + Variable costs
Variable costs = $560,000 - $500,000
Variable costs = $60,000
To summarize:
- Fixed costs at a production volume of 5,000 units: $500,000
- Variable costs at a production volume of 5,000 units: $60,000
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3.08 free trade and barriers
Pls help
Answers
Free trade is a policy in which countries allow goods and services to move freely across borders without tariffs, quotas, or other barriers to trade.
Why do people argue for free trade ?Proponents of unrestricted commercial activity contend that it stimulates economic expansion, increases effectiveness, and lowers the prices for buyers. They acknowledge that permitting nations to concentrate on producing goods and services they can manufacture with maximum proficiency will heighten productivity and advance the standard of living.
Those who are in opposition to unrestrained trade claim that it precipitates unemployment, most notably within industries that cannot compete globally. They also assert that free trade causes environmental dilapidation and amplified inequity, specifically affecting developing countries, which may lack the means necessary to contest fairly.
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An account earned interest of 3% per year. The beginning balance was $150. The equation t=log1. 03e150 represents the situation, where t is the time in years and e is the ending balance. If the account was open for 8 years, what was the ending balance? round to the nearest cent and do not include '$' in your answer.
Answers
An account received 3% annual interest. Initial balance was $150. if the account was eight years old the ending balance is $ 190
What do you call interest that is earned?Interest is the payment a bank or other financial institution makes to a depositor in exchange for maintaining their funds in a savings account.
A bank effectively borrows money from its depositors by using the funds placed to lend money to other customers.
Accumulated interest increases together with your interest earnings; but, you cannot use it until it is paid at the conclusion of the term.
Given :
Interest rate = 3% annually.
Initial balance= $150
Equation: (E / 150) t = log1.03
Calculate E as 8 = log1.03 (E / 150).
E / 150 = (1.03) (1.03)
⁸\sE = (1.03)⁸ (150)\sE = 190 $
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