(a) The company should purchase the additional machine. As the current cost function is C(x)=5000+6x−0.002x^2, we need to calculate the new cost function to compare both.
For that, we will use the values of C(x) given for
x = 500 and x = 750. C(500) = 9000+6(500)−0.002(500)^2 = 10,000
and C(750) = 9000+6(750)−0.002(750)^2 = 11,625.
The new machine will give a lower cost of production, and it will result in a higher profit for the company. The additional cost of buying the machine is $4,000, but it will lead to a profit increase that is greater than the cost. Therefore, purchasing the additional machine will be a profitable investment.
(b) The level of production should be 625 units. To calculate the level of production, we need to find the x value that maximizes the profit function. The profit function is given by
P(x) = R(x) - C(x), where R(x)
We know that
R(x) = xp(x) = x(200-0.15x) = 200x - 0.15x^2.
We also know that C(x) = 5000 + 6x - 0.002x^2.
Substituting these values in the profit function, we get
P(x) = 200x - 0.15x^2 - (5000 + 6x - 0.002x^2) = 194x - 0.148x^2 - 5000.
To find the value of x that maximizes P(x), we take the derivative of P(x) and equate it to zero:
P'(x) = 194 - 0.296x = 0 => x = 656.08.
Since we can only produce whole units of chairs, we must round x down to 625.
To know more about additional visit:
https://brainly.com/question/29343800
#SPJ11
What does the big Mac index show
a nation whose value of imports exceeds its value of exports is said to have; a. a trade deficitb. a trade surplusc. hyperinflationd. price stability
A nation whose value of imports exceeds its value of exports is said to have a trade deficit. This means that the country is importing more goods and services than it is exporting. This situation can have negative economic effects on the country in the long run.
A trade deficit can result in an increase in the nation's debt, which can lead to a decrease in the value of its currency. This can result in hyperinflation, where the prices of goods and services increase rapidly, leading to a decrease in the purchasing power of the people.
To prevent hyperinflation, a nation with a trade deficit needs to balance its trade by increasing its exports or reducing its imports. This can be achieved by implementing trade policies that promote exports, such as subsidies and tax breaks, while discouraging imports through tariffs and quotas.
Price stability is another key factor that needs to be considered when dealing with a trade deficit. This refers to the stability of prices of goods and services over time. A high trade deficit can lead to inflation, which can result in a decrease in price stability.
In conclusion, a trade deficit can have significant economic effects on a nation, including hyperinflation and a decrease in price stability. To avoid these negative effects, a country should implement trade policies that promote exports and reduce imports. This will help to balance its trade and promote economic growth and stability.
To know more about nation refer here
https://brainly.com/question/1018147#
#SPJ11
A private limited company failed. It owed £60,000 in debt. Simon had
£10,000 invested in the company and he had personal assets worth
£100,000. How much could he lose because the company failed? Use
whole numbers only. No pound signs or commas.
Answer:
£10,000
Explanation:
Simon is a shareholder in a private limited company. As a shareholder, he enjoys limited liabilities to the debts of the company. Limited liabilities means that his obligations to the debts of the business are limited to the amount of capital invested. Should the company fail in meeting its obligations, Simon's liabilities to the company will be a maximum of $10,000, which is the amount he invested.
The limited liabilities feature protects shareholders and investors in private limited companies and corporations from losing more than their contributed capital in case a business fails. Simon's personal assets of $100,000 will not feature in any way.
(d) Which type of wholesalers operate on a self-service basis where other traders pick, pay and transport goods on their own
Answer:
i dont know how is it huh090889
You just borrowed money for four years to buy a car. The payments are $218 a month and the APR is 7 percent. How is the EAR computed?
Answer:
EAR= 0.072 = 7.2%
Explanation:
Giving the following information:
Nominal interest rate= 7%
Number of periods= 12 months
To calculate the Effective Annual Rate (EAR), we need to use the following formula:
EAR= (1 + nominal rate/number of periods)^number of periods
EAR= [(1 + 0.07/12)^12] - 1
EAR= 0.072 = 7.2%
define finance education for class 8
Amortizing a bond discount
Multiple Choice
o Decrease the Bonds Payable account
o Increases the market value of the Bonds Payable.
o Decreases Interest expense each period
o Allocates a portion of the tota discount to Interest expense each interest period.
o Increases cash fiows from tne bond
A disadvantage of bond financing is
Multiple Choice
o Interest on bonds is tax deductible
o Bonds do not affect owners control.
o It a ows irms to trade on the equlty.
o Bonds pay perodic Interest and the repayment of parva ue at maturity
o Bonds can Increase return on equity.
Amortizing a bond discount:
Decrease the Bonds Payable account; (Option A) and Increases the market value of the Bonds Payable. (Option B)The disadvantage of bond financing is that "Interest on bonds is tax deductible" (Option A)
What is bond financing?Bond financing is a sort of long-term borrowing that is widely used by state and municipal governments to obtain funds, mainly for long-lived infrastructure investments. This money is obtained by selling bonds to investors. In exchange, they offer to repay the funds with interest according to predetermined timelines.
Bonds provide greater interest rates or payments than deposits. Furthermore, the coupon is given on a regular basis during the bond's term. Bondholders can sell their debt to third parties. If you sell bonds for more than the purchase price, you receive what is known as a capital gain.
Learn more about bonds;
https://brainly.com/question/14064867
#SPJ1
Which of the following groups would be the LEAST LIKELY target market for a company producing canned food in single serving sizes?
]school kitchens
LEAST likely target market for a company producing canned food in single serving sizes would be families with multiple children. This is because single serving sizes are typically more expensive per unit of food compared to larger, family-sized cans. Additionally, families with multiple children would require larger portions of food to feed everyone in the household, making the single serving cans less convenient and cost-effective for them.
Additionally, the packaging for single serving cans is often designed to be compact and convenient for people on the go or for those who do not have access to a kitchen. These packaging considerations may not be as appealing or relevant to families who typically have a larger kitchen and might prefer to buy their food in bulk.
In summary, the LEAST likely target market for a company producing canned food in single serving sizes would be families with multiple children, as they would require larger portions of food and might prefer to buy in bulk, rather than paying more for smaller, single serving cans.
For more about LEAST:
https://brainly.com/question/29154426
#SPJ11
hey can u someone tell me about this app cause im new plzz
This app is brainly it can help you with school work homework or extra credit if you ask for help but you can also help other people with their work or questions.
You can mark people with a crown give them thanks by pressing the heart button and rate their answers.
How to negotiate with Portfolio Recovery Associates?
Negotiating with Portfolio Recovery Associates (PRA) can be a daunting process, but there are several strategies that can be used to increase your chances of success.
First, it is important to gather as much information as possible about your debt and your rights as a consumer. This can include reviewing your credit report, understanding the statute of limitations on debt collection in your state, and learning about the Fair Debt Collection Practices Act (FDCPA).
Next, consider reaching out to PRA to discuss your debt and explore potential options for repayment. Be prepared to negotiate and make an offer that is reasonable and realistic based on your financial situation. You can also ask PRA to provide a written agreement outlining the terms of any repayment plan.
It is important to remain calm and professional throughout the negotiation process, and to document all communication with PRA. If you feel that PRA is engaging in unfair or abusive practices, you can file a complaint with the Consumer Financial Protection Bureau or seek legal assistance.
Learn more about Portfolio here:
https://brainly.com/question/17165367
#SPJ4
seasonal inventory allows a firm to maintain a smooth production flow throughout the year. group of answer choices true false
The statement, "Seasonal inventory allows a firm to maintain a smooth production flow throughout the year" is True.
What is seasonal inventory?Seasonal inventory can be defined as the practice of storing items, such as consumer products, materials, or commodities when they are in high demand and then selling them off when demand decreases.
It is an inventory management technique used by businesses to ensure they have enough stock to meet demand during peak periods and avoid overstocking during low periods.
What is production flow?Production flow is the process of taking a raw material and transforming it into a final product. It involves a series of sequential steps and activities that lead to the manufacture of a finished product. It includes all the stages of production, from the procurement of raw materials to the delivery of finished goods to the customer.
Seasonal inventory allows a business to keep its production flow consistent throughout the year by ensuring that enough raw materials are available to meet demand during peak periods. It also prevents overstocking during low periods, ensuring that the business maintains its profitability.
As a result, seasonal inventory management can help companies maintain a more efficient and cost-effective production process.
Hence, The statement, "Seasonal inventory allows a firm to maintain a smooth production flow throughout the year" is True.
Read more about Inventory at https://brainly.com/question/15118949
#SPJ11
Gina has decided that she wants to be an auditor. What should she do in order to best prepare herself for this position?
A. Obtain experience in leadership and management
B. Gain a master of business administration degree
C. Gain a master of accountancy degree
D. Complete a one to two year supervised internship
Answer:obtain a bachelors degree in accounting
Explanation:
Brenda received a $15,000 college scholarship for the current year. She used the scholarship to pay the following fees: tuition $9,000, lab fees $60, parking fees $120, books $750, housing $4,000, and a meal plan $1,070. What can she exclude from gross income
Answer:
brenda income has gone because there is nothing money left
If a business has no answer to fight back against its competition, then the _____ risk has been encountered.
1. financial
2. strategic
3. compliance
4. operational
Why do we refer to fiscal policy as "Resource
Mobilization Policy"?
Fiscal policy is known as "Resource Mobilization Policy" because it mobilizes resources to finance government spending, as well as achieve economic objectives.
Governments all around the world, at one point or another, are required to mobilize resources in order to finance various government expenditures. The government's fiscal policy is the approach they take to achieve this. It is a technique of acquiring revenue to fund government operations and meet the needs of the public. The fiscal policy's primary goal is to stabilize the country's economy, create employment, and enhance economic growth. However, resource mobilization policy is an essential component of the government's fiscal policy.
The fiscal policy involves a variety of actions that the government takes to manage the economy, such as controlling taxation and expenditures. Fiscal policy encourages or discourages economic growth and ensures that the public budget is balanced by regulating government spending and revenue. It influences the level of spending by individuals and companies, as well as saving and borrowing decisions, and is an essential component of macroeconomic stabilization.To sum up, fiscal policy is referred to as "Resource Mobilization Policy" because it aims to mobilize the resources required to finance government spending and achieve economic goals. It involves various actions that the government takes to control the economy, such as regulating taxation and expenditures, which help the government to stabilize the economy.
To learn more about fiscal policy click:
https://brainly.com/question/29392243
#SPJ11
Susie asks you for investment advice as she's not sure if she should invest in a Roth IRA or a Traditional IRA She has a great job now and expects to have lower earnings and a lower marginal tax rate once she retires. Which would you recommend and why? Response should be a minimum of 100 words
Susie anticipates a pay cut and a regular IRA can be a wise retirement savings plan because she will have a lower marginal tax rate when she retires.
What are regular and Roth IRAs?
When you make an after-tax contribution to a Roth IRA, your money grows tax-free, and once you reach the age of 59 and a half, you can typically take your funds without incurring any taxes or penalties.
A Traditional IRA allows you to make pre-tax or post-tax contributions, and your funds grow tax-deferred until you are 59 and a half years old.
With a Roth IRA, you can make after-tax contributions, see your money grow tax-free, and generally take withdrawals after age 5912.
A Traditional IRA allows for pre- or post-tax contributions, tax-deferred growth of your funds, and current income tax on withdrawals.
To know more about Roth IRA visit:
https://brainly.com/question/26943998
#SPJ9
Q. Rakesh owns a garment shop. He wants to expand his business but he is confused whether to appoint a manager or go in for a partner. Which is the better option and why?
Answer:
He should appoint a manager.
Explanation:
Rakesh must appoint a manager if he wishes to expand his business of garment shop. The manager will constantly strive to attain the desired goals on behalf of Rakesh. It will give sufficient time to him which he can use in looking for new target markets and customers, new products or items which he can add on to his shop, and much more. Meanwhile, the manager will lead the work and keep ensuring that the employees are working efficiently by motivating them. He will take all the necessary decisions to ensure that the intended profits and goals are achieved.
The following information has been taken from the job order cost system, used by SALEEM CORPORATION:
Job No.
Balance March 1
Production Cost in March
15
Rs. 150,000
---
16
170,000
---
17
50,000
Rs. 130,000
18
70,000
150,000
19
----
240,000
20
----
150,000
21
----
90,000
During March Job No. 17, 18 & 19 were completed, and job No. 15, 16 and 17 were sold on account at 40% above cost.
REQUIRED:
i) Cost of finished goods inventory – beginning
ii) Cost of goods in process inventory – beginning
iii) Cost of finished goods inventory – ending
iv) Cost of goods in process inventory – ending
v) Cost of goods manufactured
vi) Cost of Goods sold
vii) Sales
Answer:
i) Details Amount Rs
Cost of Job No.15 150,000
Cost of Job No.16 170,000
Cost of finished goods inventory - beginning 320,000
ii) Details Amount Rs
Cost of Job No.17 50,000
Cost of Job No.18 70,000
Cost of goods in process inventory - beginning 120,000
iii) Details Amount Rs
Cost of Job No.18 220,000 (70000+150000)
Cost of Job No.19 240,000
Cost of finished goods inventory - ending 460,000
iv) Amount Rs
Cost of Job No.20 150,000
Cost of Job No.21 90,000
Cost of goods in process inventory - ending 240,000
v) Amount Rs
Total Production Cost incurred in March 760,000
(130000+150000+240000+150000+90000)
Add: Cost of goods in process inventory - beginning 120,000
Less: Cost of goods in process inventory - ending 240,000
Cost of goods manufactured 640,000
vi) Amount Rs
Cost of goods manufactured 640,000
Add: Cost of finished goods inventory - beginning 320,000
Less: Cost of finished goods inventory - ending 460,000
Cost of Goods sold 500,000
vii) Sales = Cost of goods sold * 140%
Sales = 500000*140%
Sales = Rs. 700,000
Why is a higher interest rate important when saving money?
A higher interest rate is important when saving money because it allows for greater growth of your savings over time.
Interest rates are the percentage of the principal (or original amount of money) that is added to your savings each year. With a higher interest rate, the amount of money you earn in interest will be greater, allowing you to accumulate more savings over time. This is especially important for long-term savings goals, such as retirement or saving for a down payment on a house.
By choosing a savings account or investment option with a higher interest rate, you can maximize the growth of your savings and reach your financial goals more quickly.
See more about saving money at https://brainly.com/question/27848516.
#SPJ11
Is a general decline in prices throughout an economy
Which of the following will be accomplished by efficient allocations of the factors of production?
guaranteeing economic success
understanding whether a product will fail
fulfilling many needs and wants of society
replenishment of limited resources
Answer:C
Explanation: Just took the test:)
What will be accomplished by efficient allocations of the factors of production is fulfilling many needs and wants of society
What are factors of production?factors of production can be regarded as those factor that make production possible such as capital and land.
Therefore, fulfilling many needs and wants of society is one of beauty of production.
Learn more about factors of production
https://brainly.com/question/13171394
Question 2
If Langston chooses to attend the small college in his town, what should be considered part of the
opportunity cost of this decision? Select all that apply.
the bachelor's degree in logistics he would earn after four years
the $4,000 housing fee for each year he attends the large university
the extensive national network of successful alumni from the large university
the valuable independent living skills he would learn by living away from home
the time and expense of traveling to and from his hometown during holiday
breaks
C
A
B
C
D
E
T
If Langston chooses to attend the small college in his town, the opportunity cost would be:
the extensive national network of successful alumni from the large universitythe valuable independent living skills he would learn by living away from homeWhat is meant by opportunity cost?The phrase "opportunity cost" in economics refers to the advantages lost while selecting one alternative over another.
The word "opportunity cost" describes what you have to forgo in terms of other products or services in order to get what you desire. Typically, opportunity cost is what economists mean when they use the word "cost." In conversation or the news, the word "cost" is frequently employed.
Read more on opportunity costs here: https://brainly.com/question/1549591
#SPJ1
1. Suppose we have obtained the following regression results: ý = 12 - 6x +0.5(Male x x) + 3Male - 2Rural + 1(Rural x Male) where Male is a dummy variable that takes one for males and zero for females and similarly Rural takes one if individual lives in a rural area and zero if urban. (a) What is the equation for a female that lives in a rural area? (b) What is the equation for a male that lives in an urban area? (c) What coefficient estimates would we get if we estimated the following model instead: y = Bo+3₁x+3₂(Femalexx)+B3Female+34Urban+35(Urbanx Female) + u where Female takes a value one for females and zero for males and Urban takes a value one if individual lives in an urban area and zero if rural? (d) Using the model in part a) explain how you would test the hypothe- sis that there is no differences across gender (while still allowing for differences across regions) in the relationship between y and x in the two areas, that is, explain how to do a Chow Test. Describe all the steps in performing this test, the hypothesis being tested, the models, the regressions you need to do, the test statistic used and how to get the corresponding critical value.
ý = 12 - 2Rural. ý = 12 + 0.5 + 3. Coefficient estimates would remain the same as in the original model. Perform separate regressions for rural and urban areas, calculate SSR, and use Chow Test statistic for hypothesis testing.
To test the hypothesis of no differences across gender in the relationship between y and x in the two areas, we would perform separate regressions for rural and urban areas. Then, calculate the sum of squared residuals (SSR) for each regression. The Chow Test statistic, which compares the SSR from the separate regressions to the SSR from the combined regression, can be used to test the hypothesis. The critical value for the test can be obtained from the F-distribution table. If we estimate the model y = Bo + 3₁x + 3₂(Femalexx) + B3Female + 34Urban + 35(Urbanx Female) + u, the coefficient estimates would remain the same as in the original model, as the coefficients represent the same relationships between the variables.
Learn more about coefficient estimates here:
https://brainly.com/question/28179755
#SPJ11
The role of the Federal Reserve Board of Governors is to:
A. loan money to multinational corporations.
B. set discount rates and reserve requirements.
O c. enforce monetary policy on Federal Reserve banks.
O D. establish new Federal Reserve districts.
The role of the Federal Reserve Board of Governors is to enforce monetary policy on Federal Reserve banks. Hence, Option C is correct.
What is monetary policy?In macroeconomics, there is a policy whose duty is to make sure that policies that are made by the Board of Governors have been applied to all the central banks. This policy is known as monetary policy, which manages the flow or supply of money to all the banks.
This policy also manages the interest rate. Just like other policies, monetary policy also has some tools, With the help of these tools, it is easy to manage the policy. Tools are named as operations for the open market, requirements of the reserve, and lastly rate of discount.
Therefore, Option C is correct.
Learn more about monetary policy from here:
https://brainly.com/question/28038989
#SPJ5
A strategy of ________ will be most beneficial for a firm to enhance its overall corporate performance.
Answer:
A strategy of related-linked diversification will be most beneficial for a firm to enhance its overall corporate performance.
to be more competitive, companies set a goal of in their production processes because it reduces costs due to wasted materials. t or f
To be more competitive, companies set a goal of zero defect in their production processes because it reduces costs due to wasted materials.
Companies setting a goal of zero defect have a clear vision and mission in mind. They understand the importance of quality and strive to achieve the highest standards possible. This goal encourages employees to take ownership of their work, and strive for excellence.
Furthermore, zero defect goals provide a competitive advantage, as they enable companies to produce products and services that are reliable and cost-effective. Finally, setting a goal of zero defect helps companies to build trust with their customers, as they demonstrate a commitment to delivering products and services that meet and exceed expectations.
--------The given question is incomplete, the complete question is:
"To be more competitive, companies set a goal of ___ ____ in their production processes because it reduces costs due to wasted materials."-----------
To know more about goal, click here.
https://brainly.com/question/21032773
#SPJ4
Companies that use job-sharing plans sometimes must _____ fringe benefits.
Companies that use job-sharing plans sometimes must prorate fringe benefits.
When two or more employees share a full-time job, their hours and pay are divided based on the percentage of time each works. Since they are not working full-time, they may not be eligible for the same level of fringe benefits as full-time employees. Therefore, companies may need to prorate their fringe benefits, such as health insurance, vacation time, and retirement benefits, based on the number of hours each employee works. This ensures that each employee receives a fair share of benefits proportional to their work hours.
Learn more about Companies ,
https://brainly.com/question/30007263
#SPJ4
when the fed wants to decrease the money supply, it will:
a. Conduct open market purchases.
b. Decrease the discount rate.
c. Decrease interest rates.
d. Conduct open market sales.
When the Federal Reserve (Fed) wants to decrease the money supply, it will conduct open market sales.
The Federal Reserve, the central bank of the United States, uses various tools to control the money supply in the economy and influence interest rates. One of these tools is open market operations, which involve buying or selling government securities in the open market.
When the Fed wants to decrease the money supply, it will conduct open market sales. In this process, the Fed sells government securities, such as Treasury bonds or bills, to banks, financial institutions, or the public. By selling these securities, the Fed reduces the reserves held by banks and decreases the amount of money available in the banking system. As a result, the overall money supply in the economy decreases.
Conducting open market sales helps the Fed to tighten monetary policy, as it reduces the liquidity and availability of funds. This can have an impact on interest rates, as the reduced money supply tends to increase the cost of borrowing, making it more expensive for businesses and individuals to obtain loans.
Learn more about economy here:
https://brainly.com/question/30131108
#SPJ11
buying the stocks of a company is a(n) ________ investment representing ________ of a business.
Buying the stocks of a company is an equity investment representing ownership shares of a business.
When an individual buys the stocks of a company, they are making an equity investment. Stocks, also known as shares or equity, represent ownership in a business. By purchasing stocks, investors become partial owners of the company and acquire a proportional claim on its assets, earnings, and future profits. This ownership entitles them to certain rights, such as voting on company matters and receiving dividends if the company distributes them. Investing in stocks allows individuals to participate in the potential growth and success of a company. However, it also exposes them to the associated risks, as the value of stocks can fluctuate based on various factors such as market conditions, company performance, and investor sentiment. Investors may buy stocks for various reasons, including capital appreciation, dividend income, or strategic portfolio diversification. Overall, buying stocks represents an ownership stake in a business and provides investors with the opportunity to benefit from its performance and growth.
learn more about stocks here:
https://brainly.com/question/31940696
#SPJ11
A private pilot wishes to insure his airplane for $200,000. The insurance company estimates that a total loss will occur with probability .002, a 50% loss with probability .01, and a 25% loss with probability .1. Ignoring all other partial losses, what premium should the insurance company charge each year to realize an average profit of $500?
The insurance company should charge an annual premium of $2,520 to realize an average profit of $500.
To determine the premium that the insurance company should charge, we need to calculate the expected value of the losses and add the desired profit margin.
Given that the private pilot wishes to insure the airplane for $200,000, and the insurance company estimates the probabilities of different loss scenarios, we can calculate the expected value of the losses.
The expected value of a loss is calculated by multiplying the loss amount by its corresponding probability and summing up all the expected losses.
Expected Loss = (Loss Amount) * (Probability)
Total Expected Loss = (0.002 * 200,000) + (0.01 * 0.5 * 200,000) + (0.1 * 0.25 * 200,000)
= 400 + 1,000 + 5,000
= 6,400
To realize an average profit of $500, the insurance company should charge a premium that covers this expected loss and includes the desired profit margin.
Premium = Expected Loss + Desired Profit
= 6,400 + 500
= 6,900
Therefore, the insurance company should charge an annual premium of $6,900 to achieve an average profit of $500.
Learn more about insurance here:
https://brainly.com/question/989103
#SPJ11