If the equilibrium in the market for a good if demand and supply increase simultaneously then the equilibrium quantity will always increase equilibrium price will always decrease.
An equilibrium fee is a balance of demand and delivery factors. there is a bent for costs to return to this equilibrium until some traits of call for or deliver exchange. modifications within the equilibrium rate arise whilst either demand or deliver, or each, shifts or circulate.
A market is in equilibrium if on the market fee the amount demanded is the same as the amount provided. The fee at which the quantity demanded is the same as the amount furnished is called the equilibrium fee or market clearing fee and the corresponding amount is the equilibrium amount.
Learn more about equilibrium here: https://brainly.com/question/26075805
#SPJ4
what price should curled metal quote for an 11.5-inch pad to kendrick foundation? why? what is the objective behind this pricing decision?
The price should curled metal quote for an 11.5-inch pad to kendrick foundation is $3.57 per pad. Objective behind the pricing decision The primary objective behind the pricing decision is to achieve profit maximization by setting prices that cover costs and generate revenue.
Curled Metal Inc. (CMI) is to provide Kendrick Foundation with an 11.5-inch pad. The price quote for the same is to be determined with the company's objective being profit maximization. Kendrick Foundation would be supplied with around 15,000 to 20,000 pads a year, with an additional 5,000 to 10,000 pads supplied to other construction companies, in the upcoming year.
The objective behind this pricing decision is to maintain the balance between profit maximization and revenue generation, considering the market competition. The cost of manufacturing 11.5-inch pads was $1.75, with an overhead cost of 36% added to this amount. The overhead expenses included administrative salaries, advertising expenses, and sales expenses.
Therefore, the total cost of manufacturing 11.5-inch pads would be:
Total manufacturing cost = $1.75 + ($1.75 * 36%) = $2.38Now, if the company aims to earn a profit of 50%, then the price quote of 11.5-inch pads would be:Price = Total cost of manufacturing + profit Price = $2.38 + ($2.38 * 50%) = $3.57 per pad.
Objective behind the pricing decision The primary objective behind the pricing decision is to achieve profit maximization by setting prices that cover costs and generate revenue. The company must consider various factors while deciding the price of the 11.5-inch pad, including manufacturing costs, competition, and the impact of pricing on Kendrick Foundation's purchasing decisions.
Setting a price too high could lead to Kendrick Foundation looking for other suppliers, while setting a price too low could result in low-profit margins or losses. Hence, CMI must strike a balance between profit maximization and revenue generation to maintain its competitive edge in the market.
To learn more about profit maximization click here:
https://brainly.com/question/13464288#
#SPJ11
Lack of economic growth is a major problem for ____ economic systems
Answer:
traditional
Explanation:
A factory is considered what type of resource?
land
labor
physical capital
human capital
A factory falls under the category of physical capital, representing tangible assets and infrastructure utilized in the production process. Option C.
Physical capital refers to the tangible assets that are used in the production process to create goods or services. These assets include machinery, equipment, buildings, vehicles, and infrastructure. They are essential resources that contribute to the production capacity and efficiency of a business or organization.
A factory is a prime example of physical capital as it represents a dedicated space or facility equipped with machinery, tools, and equipment designed for manufacturing or production activities. It provides the necessary infrastructure and resources for transforming raw materials into finished products.
Factories typically house specialized equipment and machinery specific to the industry or production process they serve. This physical capital enables businesses to carry out mass production, streamline operations, and achieve economies of scale.
Physical capital is an important factor of production alongside other resources such as land, labor, and human capital. It plays a crucial role in enhancing productivity, output, and overall economic growth.
Effective management and investment in physical capital can lead to improved efficiency, cost reduction, and technological advancements in production processes.
In summary, a factory is categorized as physical capital, representing the tangible assets and infrastructure used in the production process. So Option C is correct.
For more question on infrastructure visit:
https://brainly.com/question/28033600
#SPJ8
Freight Terms Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. If required, round the answers to the nearest dollar. Merchandise Freight Paid by Seller Freight Terms Credit for Refunds and Allowances a. $7,850 $200 FOB shipping point, 2/10, n/30 $1,150 b. 4,200 100 FOB destination, 1/10, n/30 700
Answer:
a. Amount to be paid = Merchandise price - Returns and allowances - Discount + Freight In
= $7,850 - $1,150 - ($7,850-$1,150)*2% + $200
= $7,850 - $1,150 - $134 + $200
= $6,766
b. Amount to be paid = Merchandise price - Returns and allowances - Discount
= $4,200 - $700 - ($4,200-$700)*1%
= $4,200 - $700 - $35
= $3,465
Using environmental analysis tools (PESTEL MODEL.), assess the
strategy of launching Gigafactories in China and Germany in post
coronavirus era. (effective, not effective, why? possible
outcome...)
Launching Gigafactories in China and Germany in the post-coronavirus era can be an effective strategy based on the PESTEL analysis. Both countries offer favorable factors such as market potential, government support, and environmental initiatives. However, challenges such as competition, regulatory changes, and geopolitical factors should be considered for successful outcomes.
The PESTEL analysis is a useful tool for assessing the external macro-environmental factors that can impact business strategies. In the case of launching Gigafactories in China and Germany in the post-coronavirus era, several factors can be analyzed.
Political and Legal: Both China and Germany have shown support for electric vehicle manufacturing and renewable energy initiatives, providing a favorable political and regulatory environment for Gigafactories. However, political stability, changes in government policies, and legal frameworks should be carefully monitored.
Economic: China and Germany have strong economies with significant market potential for electric vehicles. The recovery from the coronavirus pandemic may also lead to increased demand for sustainable transportation options. These factors suggest that launching Gigafactories in these countries can be effective in capturing market share.
Socio-cultural: Consumer attitudes towards electric vehicles and environmental sustainability play a crucial role. Both China and Germany have growing awareness and interest in clean energy solutions, making them suitable markets for Gigafactories. Understanding local preferences and cultural factors can help tailor marketing and product strategies.
Technological: Advancements in battery technology and manufacturing processes are key considerations for Gigafactories. Both China and Germany have a strong focus on technological innovation and have expertise in the automotive industry. Access to skilled labor, research institutions, and supply chain networks can contribute to successful operations.
Environmental: The post-coronavirus era emphasizes the importance of sustainability and green initiatives. Gigafactories in China and Germany align with environmental goals and can contribute to reducing carbon emissions. This aspect can enhance the company's reputation and attract environmentally conscious consumers.
However, potential challenges include intense competition from local and global manufacturers, regulatory changes affecting incentives or subsidies, and geopolitical factors that may impact trade relations. These factors should be carefully evaluated and managed to ensure successful outcomes for launching Gigafactories in China and Germany.
Learn more about Gigafactories here:
https://brainly.com/question/30900608
#SPJ11
Objectives and functions of NCERT,UGC,AICTE,ICMR
Answer:
It undertakes educational research, training and developmental activities. It provides assistance to the government in educational matters. It co-ordinates, determines and maintains the standards of university education in the country. It is a national-level council for technical education.
Sally spends $1,500 each month on her mortgage, mortgage insurance and property taxes. she has three credit cards with minimum monthly payments that total to $125.00 and a monthly car payment for $349.00. she currently brings in a gross monthly income of 3,750.00 from her job. calculate sally’s debt-to-income (dti) ratio. a. 40% b. 43% c. 49% d. 53% please select the best answer from the choices provided a b c d
If Sally spends $1,500 each month on her mortgage, mortgage insurance and property taxes. sally’s debt-to-income (dti) ratio is d. 53%.
How to find the debt-to-income (dti) ratio?To calculate Sally's debt-to-income (DTI) ratio, we need to first determine her total monthly debt payments and then divide that amount by her gross monthly income.
Sally's total monthly debt payments are:
Mortgage + Mortgage insurance + Property taxes = $1,500
Credit card minimum payments = $125
Car payment = $349
Total monthly debt payments = $1,500 + $125 + $349 = $1,974
To calculate Sally's DTI ratio, we now divide her total monthly debt payments by her gross monthly income:
DTI = (Total monthly debt payments / Gross monthly income) x 100%
DTI = ($1,974 / $3,750) x 100%
DTI = 52.64%
DTI = 53 % (Approximately)
Therefore, Sally's debt-to-income ratio is 53%.
Learn more about debt-to-income (dti) ratio here:https://brainly.com/question/2610819
#SPJ1
you open the newspaper and read that europe is headed for a recession. use the fed model to forecast what you expect to happen to the u.s. economy. a. a european recession is a macroeconomic shock that decreases u.s. aggregate expenditure, due to a decrease in net exports . b. demonstrate the effects of the macroeconomic shock, using the is-mp framework.
You open the newspaper and read that Europe is headed for a recession, use the fed model to forecast and the expect to happen to the U.S economy was European recession is a macroeconomic shock that decreases U.S aggregate expenditure, due to a decrease in net exports . The correct option is (A).
What do you mean by the recession?
A prolonged period of weak or negative real GDP (output) growth that is accompanied by a noticeably higher unemployment rate is known as a recession. During a recession, a lot of other economic activity indices are similarly weak.
According to Pugliese, unemployment frequently increases during recessions, and total employment levels may even decline.
Additionally, GDP growth typically slows down during recessions as a result of decreased employment and consumer demand, which results in lower production of goods and services.
Therefore, you open the newspaper and read that Europe is headed for a recession, use the fed model to forecast and the expect to happen to the U.S economy was European recession is a macroeconomic shock that decreases U.S aggregate expenditure, due to a decrease in net exports .
To know more about the recession, visit:
https://brainly.com/question/14737261
#SPJ1
Why is the housing market not a perfectly competitive market
Answer:
houses are essential. a need doesn't fall in perfect competition conditions.
Based on the reading, "Case Northwest Community Ventures Fund,"how should foster position herself and her team prior to raising a follow-on fund?
Foster should position herself and her team by conducting thorough research on potential investors, demonstrating a strong track record, considering the timing of the fundraising efforts, and preparing a clear and compelling investment thesis.
Additionally, Foster should ensure that her team has a strong track record and can demonstrate the success of their previous investments. This will help build credibility and trust with potential investors.
Lastly, Foster should prepare a clear and compelling investment thesis that outlines the fund's strategy, target investments, and projected returns. This will help potential investors understand the fund's approach and potential for success.
For more such questions on Case Northwest Community Ventures Fund, visit:
brainly.com/question/29988550
#SPJ11
What Came first, the color orange or the fruit?
The citrus definitely got named first. The earliest recorded use of orange the fruit in English is from the 1300s and came to us from the Old French orenge, adapted from the Arabic nāranj, from the Persian nārang, from the Sanskrit nāranga (“orange tree”)
Answer:
the fruit
Explanation:
The citrus definitely got named first. The earliest recorded use of orange the fruit in English is from the 1300s
If a stock has a beta of 4, what can one infer about the expectations of that stock relative to the market?.
What happens if the beta of a stock is 1?
If a stock has a beta of 1, it will move in the same direction as the index, by about the same amount. An index fund that mirrors the S&P 500 will have a beta close to 1.
. Which of the following is a contract?
A) An insurance policy
B) A repair order
C) Both of the above
D) None of the above
Of the choices provided above, it can be inferred that only an insurance policy is eligible to called as a contract. Therefore, the option A holds true.
What is the significance of an insurance policy?An insurance policy can be referred to or considered as a policy taken by the insured to protect themselves against the mishappening of the events against which the insurance has been taken. An insurance policy is taken by payment of premium at regular and predetermined intervals.
An insurance policy is a contract between the insured person and the insurance company or the insurer. This is because both the parties enter into an agreement of protection only in the case of mishappening of an event against which the insurance has been made.
Therefore, the option A holds true and states regarding the significance of an insurance policy.
Learn more about an insurance policy here:
https://brainly.com/question/24984403
#SPJ2
J.P. Morgan Asset Management publishes information about financial investments. Over the past 10 years, the expected return for the S&P 500 was 5.04% with a standard deviation of 19.45% and the expected return over that same period for a core bonds fund was 5.78% with a standard deviation of 2.13% (J.P. Morgan Asset Management, Guide to the Markets, 1st Quarter, 2012). The publication also reported that the correlation between the S&P 500 and core bonds is -.32. You are considering portfolio investments that are composed of an S&P 500 index fund and a core bonds fund. Using the information provided, determine the covariance between the S&P 500 and core bonds. Construct a portfolio that is 50% invested in an S&P 500 index fund and 50% in a core bonds fund. In percentage terms, what are the expected return and standard deviation for such a portfolio? Construct a portfolio that is 20% invested in an S&P 500 index fund and 80% invested in a core bonds fund. In percentage terms, what are the expected return and standard deviation for such a portfolio? Construct a portfolio that is 80% invested in an S&P 500 index fund and 20% invested in a core bonds fund. In percentage terms, what are the expected return and standard deviation for such a portfolio? Which of the portfolios in parts (b), (c), and (d) has the largest expected return? Which has the smallest standard deviation? Which of these portfolios is the best investment alternative? Discuss the advantages and disadvantages of investing in the three portfolios in parts (b), (c), and (d). Would you prefer investing all your money in the S&P 500 index, the core bonds fund, or one of the three portfolios? Why?
The best investment alternative depends on the investor's risk tolerance and investment objectives. Investing in the S&P 500 index fund alone would offer the highest expected return but also the highest risk while investing in the core bonds fund alone would offer.
To determine the covariance between the S&P 500 and core bonds, we first need to calculate the correlation coefficient between the two investments:
Correlation coefficient (ρ) = -0.32
Next, we use the formula for covariance:
Covariance (σ_sp,c) = ρ x σ_sp x σ_c
where σ_sp is the standard deviation of the S&P 500 and σ_c is the standard deviation of the core bonds fund. Plugging in the numbers given:
σ_sp = 19.45%
σ_c = 2.13%
Covariance (σ_sp,c) = -0.32 x 19.45% x 2.13% = -0.013
So the covariance between the S&P 500 and core bonds is -0.013.
To calculate the expected return and standard deviation for a portfolio that is 50% invested in the S&P 500 and 50% invested in core bonds, we use the following formulas:
Expected return (ER) = w_sp x ER_sp + w_c x ER_c
where w_sp is the weight of the S&P 500, w_c is the weight of the core bonds fund, ER_sp is the expected return of the S&P 500, and ER_c is the expected return of the core bonds fund.
ER = 0.5 x 5.04% + 0.5 x 5.78% = 5.41%
Standard deviation (SD) = √(w_sp² x SD_sp² + w_c² x SD_c² + 2 x w_sp x w_c x Cov(sp,c))
where SD_sp is the standard deviation of the S&P 500, SD_c is the standard deviation of the core bonds fund, and Cov(sp,c) is the covariance between the two investments.
SD = √(0.5² x 19.45%² + 0.5² x 2.13%² + 2 x 0.5 x 0.5 x -0.013) = 10.86%
Similarly, we can calculate the expected return and standard deviation for a portfolio that is 20% invested in the S&P 500 and 80% invested in core bonds:
ER = 0.2 x 5.04% + 0.8 x 5.78% = 5.57%
SD = √(0.2² x 19.45%² + 0.8² x 2.13%² + 2 x 0.2 x 0.8 x -0.013) = 4.25%
And for a portfolio that is 80% invested in the S&P 500 and 20% invested in core bonds:
ER = 0.8 x 5.04% + 0.2 x 5.78% = 5.20%
SD = √(0.8² x 19.45%² + 0.2² x 2.13%² + 2 x 0.8 x 0.2 x -0.013) = 14.02%
The portfolio with the largest expected return is the one that is 20% invested in the S&P 500 and 80% invested in core bonds. The portfolio with the smallest standard deviation is the one that is 80% invested in the core bonds fund and 20% invested in the S&P 500.
For more such questions on Investment
https://brainly.com/question/25790997
#SPJ4
What does the term 'user
experience' refer to regarding a
website?
A. the overall ease of navigation and ability to
purchase on a company's website
B. the general experience a customer has when
using a product of a business
C. the customer experience when dealing with
customer service representatives
Answer:b
Explanation:
The __________ of a resource measures the percentage of __________ units that are processed at this resource.
The utilization rate of a resource measures the percentage of processed units that are processed at this resource.
The utilization rate is a key metric used to assess the efficiency of a resource. It indicates how effectively the resource is being utilized to complete tasks or produce goods.
To calculate the utilization rate, you need to know the total number of units processed at the resource and the maximum capacity or production rate of the resource.
For example, let's consider a factory that has a maximum capacity of producing 100 units per hour. If the factory processed 80 units in an hour, the utilization rate would be calculated as follows:
Utilization Rate = (Number of units processed / Maximum capacity) x 100%
Utilization Rate = (80 units / 100 units) x 100%
Utilization Rate = 80%
In this case, the utilization rate is 80%, indicating that 80% of the resource's capacity is being used. A higher utilization rate suggests that the resource is being utilized efficiently, while a lower utilization rate may indicate underutilization or inefficiencies in the resource's utilization.
It is important to measure and monitor the utilization rate to identify potential bottlenecks or areas for improvement in resource allocation and process efficiency. By optimizing the utilization rate, organizations can enhance productivity and reduce costs.
To know more about utilization rate visit:
https://brainly.com/question/31415228
#SPJ11
differentiate between homogeneous mixtures and heterogeneous mixtures
Answer:
A homogeneous mixture is a solid, liquid or gaseous mixture that has the same proportions of its components throughout any given sample. Conversely, a heterogeneous mixture has components in which proportions vary throughout the sample.
Select the correct answers.
Goods Ltd. is an FMCQ goods manufacturer. It plans to introduce new products in the market within its existing product category. Which of
these terms describes the company's action?
O A. category extension
OB
line extension
OC.
line pruning
OD
line stretching
Answer: line extension
Explanation:
The action whereby the company plans to introduce new products in the market within its existing product category is referred to as line extension.
Line extension occurs when the brand name for an established product is used for a new item that is in same product category. This can be in form of added ingredients, colors, new flavors etc. An example is a manufacturer of soft drink who adds "apple flavor"manufacturer to its existing "orange flavor"
11. Vicki believes that community service is a valuable way to spend her time and energy. What is this an example of?
O A. Liability
O B. Net worth
O c. Priority
O D. Value
Select all the correct answers.
Which two expenses are considered variable expenses?
car loan payment
car fuel
o grocery bill
O mortgage payment
O property taxes
Explanation:
1: mortgage payment
2: property taxes
Service department expenses allocated to operating departments LO P2 Lucia Company has two service departments: Office and Purchasing. Total expenses for the Office is $54,100 and for Purchasing is $33,800. Expenses for the Office are allocated to operating departments based on sales. Expenses for Purchasing are aliocated to operating departments based on purchase orders. Allocate the expenses from (a) the Office and (b) Purchasing to each of the company's three operating departments using the given information.
Office Department: $2,705 allocated from the Office expenses. Books Department: $1,690 allocated from the Purchasing expenses. Magazines Department: $1,690 allocated from the Purchasing expenses. Newspapers Department: $1,690 allocated from the Purchasing expenses.
To allocate the expenses from the Office and Purchasing departments to each of the company's three operating departments, we need the allocation percentages for each department, which is 5%.
(a) Allocation of Office expenses:
Office Department: $54,100 * 5% = $2,705
(b) Allocation of Purchasing expenses:
Books Department: $33,800 * 5% = $1,690
Magazines Department: $33,800 * 5% = $1,690
Newspapers Department: $33,800 * 5% = $1,690
The allocated costs for each department are as follows:
(a) Allocation of Office expenses:
Office Department: $2,705
(b) Allocation of Purchasing expenses
Books Department: $1,690
Magazines Department: $1,690
Newspapers Department: $1,690
To know more about Purchasing expenses:
https://brainly.com/question/29652251
#SPJ4
--The given question is incomplete, the complete question is given below " Lucia Company has two service departments Office and Purchasing Total expenses for the Office is $54,100 and for Purchasing is $33,800 Expenses for the Office are allocated to operating departments based on sales Expenses for Purchasing are allocated to operating departments based on purchase orders Purchase Department Sales Orders Books $ 143, see 1,440 Magazines 70,00 756 Newspapers 136,500 1,484 Total $ 350,000 3,600 Allocate the expenses from (a) the Office and (b) Purchasing to each of the company's three operating departments using the given information Allocation Base Percent of Allocation Base Cost to be Allocated Allocated Cost Numerator Denominator % of Total 0 Office Department Books Magazines Newspapers Totals 0 0 0 Allocation Base Cost to be Allocated Allocated Cost Percent of Allocation Base Numerator Denominator % of Total 0 Purchasing Department Books Magazines Newspapers Totals 0 0 0
we need the allocation percentages for each department is 5%"--
Today’s weather forecast incluidles a heat advisory. Most of your route is in direct sun and you have a lot of heavy packages that need to be delivered. What would you do ?
When it comes to the delivery of heavy packages during extremely hot weather conditions, it is very important to take safety precautions in order to avoid heat exhaustion. The first thing that should be done is to ensure that you stay hydrated throughout the day and drink plenty of fluids.
You should also wear light-colored, loose-fitting clothing that covers as much of your skin as possible. This helps to reduce the amount of direct sunlight that you are exposed to, thereby reducing your risk of getting heat exhaustion.
Additionally, it would be advisable to take frequent breaks in a shaded area where you can cool off. You can also consider altering your delivery route so that you can avoid areas that are directly exposed to the sun. If there are any vehicles that you can use to transport the heavy packages to the delivery location, it would be a good idea to make use of them.
Furthermore, you should be mindful of the symptoms of heat exhaustion, such as nausea, dizziness, headache, muscle cramps, and excessive sweating. If you start to experience any of these symptoms, it is important to take a break and cool off immediately.
Finally, you should keep an eye out for any weather updates and warnings, as this will help you to better prepare for the delivery of heavy packages during extreme weather conditions. Remember, it is always better to be safe than sorry, so take all the necessary precautions to ensure your safety and that of the heavy packages.
To know more about Packages visit :
https://brainly.com/question/15425465
#SPJ11
your company has $200,000 to invest and has identified the following three investments: investment a requires an initial investment of $130,000 and has an annual rate of return of 12%. investment b requires an initial investment of $70,000 and has an annual rate of return of 16%. investment c requires an initial investment of $30,000 and has an annual rate of return of 27%. unused funds will be placed in a bank account with an annual percentage rate of 4.5%. you may invest in each of the investments only once. all the investments have a life of one year. which investment should your company invest in?
Investing presupposes principal and interest payments after one year, we should invest $20,000 in A and B.
Investment A will cost $130,000 and get a return of $130,000*0.12=$15,600.
70,000*0.16=11,200 will be received as interest from investment B on a 70,000 investment.
The return on investment C is $8,100 (30,000 * 0.27).
Therefore, total investment in option C plus the remaining 40,000 in a savings account will result in 8100+1800=$9,900, which is less than the equivalent amount of investment in option "B," making option B preferred over option C. Now, if we choose option C over B, then initial investment reduction=70000-30000=40000 and interest earned in a saving account on 40,000=$1,800.
The incremental yield in a savings account for C will be the same when comparing A and B, giving (130000-30000)*0.045=$4,500. A is preferred over C because the total interest on C would be 8100 + 4500 = 12,600, which is less than the investment in "A".
Therefore, we should spend $20,000 in A and B.
To know more about Investment visit:
https://brainly.com/question/14307883
#SPJ4
A neighbor’s kid comes into your backyard and jumps on the trampoline without your permission or knowledge. He falls off and lands on his head, resulting in a week’s hospital stay.
The first step should making sure such child receives proper medical attention. When he is well, we can have a conversation with the neighbor to prevent it from happening again..
What should be done in the event?It is very important to prioritize the child's health in this situation and once the medical attention has been sought, we can have a calm and respectful conversation with the child's parent to discuss the incident for future interactions.
One can also review any legal liabilities or insurance policies that could be involved. So, by taking proactive steps to prevent similar incidents in the future can help maintain positive relationships with neighbors while ensuring everyone's safety.
Read more about accident
brainly.com/question/26670019
#SPJ1
Assume that the oil extraction company needs to extract Q units of oil (a depletable resource) reserve between two periods in a dynamically efficient manner. What should be a maximum amount of Q so that the entire oil reserve is extracted only during the 1st period if (a) the marginal willingness to pay for oil in each period is given by P = 26 - 0.5q, (b) marginal cost of extraction is constant at $3 per unit, and (c) discount rate is 1%?
To determine the maximum amount of oil reserve, Q, that should be extracted only during the 1st period, we need to compare the marginal cost of extraction with the marginal willingness to pay for oil in each period.
(a) The marginal willingness to pay for oil in each period is given by P = 26 - 0.5q, where q represents the quantity of oil extracted in each period.
(b) The marginal cost of extraction is constant at $3 per unit.
(c) The discount rate is 1%.
We want to maximize the total present value of revenue from oil extraction. The present value of revenue can be calculated using the formula:
PV = Σ [(P - MC) / (1 + r)^t],
where PV is the present value of revenue, P is the price per unit, MC is the marginal cost per unit, r is the discount rate, and t is the time period.
Since the marginal cost of extraction is constant at $3 per unit, MC = $3.
Using the formula for marginal willingness to pay, we have P = 26 - 0.5q.
Substituting the values into the present value formula, we get:
PV = Σ [(26 - 0.5q - 3) / (1 + 0.01)^t],
where the summation is taken over the 1st period.
To maximize PV, we want to extract the maximum amount of oil reserve, Q, only during the 1st period. This means the summation will include all values of q from 0 to Q.
To find the maximum value of Q, we need to determine the point at which extracting any additional unit of oil in the 1st period would result in a lower present value.
Therefore, we need to find the value of Q where the marginal willingness to pay, 26 - 0.5Q, is equal to the marginal cost, $3.
26 - 0.5Q = 3,
Solving for Q:
0.5Q = 23,
Q = 46.
Hence, the maximum amount of oil reserve, Q, that should be extracted only during the 1st period is 46 units.
To know more about marginal visit-
brainly.com/question/31198163
#SPJ11
the are the prototype of the modern multinational firm that goes overseas to produce and sell in foreign markets. a. cost minimizers b. market seekers c. raw-material seekers
The b) market seekers are the prototype of the modern multinational firm that goes overseas to produce and sell in foreign markets.
What is market seekers?The hidden job market refers to job openings that are not publicly advertised or listed on job boards but rather filled through networking, referrals, and other informal channels. Accessing the hidden job market can be a useful strategy for job seekers, as these types of job openings may not be as competitive and may offer more opportunities for advancement.
Building a strong network of contacts in the industry can be an effective way to learn about job openings that are not publicly advertised. Attending industry events, joining professional organizations, and reaching out to people to learn about potential job opportunities are helpful. Asking friends, family, and other contacts if they know of any job openings can be a good way to access the hidden job market. If one has a strong relationship with a company employee they may be able to refer for a job opening that has not been publicly advertised.
To know more about market seekers, visit:
https://brainly.com/question/29855126
#SPJ4
On April 22, 2020, Blossom Enterprises purchased equipment for $129.600. The company expects to use the equipment for 10.500 Working hours during its 4-year life and that it will have a residual value of $12,000. Blossom has a December 31 year end and prorates depreciation to the nearest month. The actual machine usage was: 1,500 hours in 2020;2,500 hours in 2021;3.500 hours in 2022: 2.200 hours in 2023; and 1.000 hours in 2024. Calculate depreciation expense for the life of the asset under double diminishing-balance method. (Round answers to o decimal places, eg. 5,276.) Depreciation Expense : 2020$ _____ 2021$ _____ 2022$ _____ 2023$ _____
Answer: 2020: $18,051.33
2021: $27,365.87
2022: $18,524.90
2023: $10,188.90
2024: $4,478.50
Double declining balance is a form of accelerated depreciation where the depreciation expense per year is a set percentage of the asset's book value. The percentage is two times the straight-line depreciation rate.The formula for double declining balance is as follows:
Double declining balance depreciation = 2 x (1 / Useful life) x Book value at the beginning of the year
For Blossom Enterprises, using the double declining balance method, the following schedule of depreciation is calculated:
2020:
Depreciation rate = 2 / 4 = 50% Book value = $129,600 x (10,500 - 1,500) / 10,500 = $110,400
Depreciation = 2 x (1 / 4) x $110,400 = $55,200 (Note: As the usage was 1,500 hours and the total usage is 10,500 hours, so the first year usage will be: 1,500/10,500)
Depreciation expense for 2020 = Proration for 2020 x $55,200 = 8/12 x $55,200 = $36,800 (Note: proration = 8/12 because April 22 is the purchase date, so we have only 8 months for the first year's depreciation)
2021:
Depreciation rate = 2 / 4 = 50% Book value = $129,600 x (10,500 - (1,500 + 2,500)) / 10,500 = $66,240
Depreciation = 2 x (1 / 4) x $66,240 = $33,120
Depreciation expense for 2021 = Proration for 2021 x $33,120 = 12/12 x $33,120 = $33,120
2022:
Depreciation rate = 2 / 4 = 50% Book value = $129,600 x (10,500 - (1,500 + 2,500 + 3,500)) / 10,500 = $44,160
Depreciation = 2 x (1 / 4) x $44,160 = $22,080
Depreciation expense for 2022 = Proration for 2022 x $22,080 = 12/12 x $22,080 = $22,080
2023:
Depreciation rate = 2 / 4 = 50% Book value = $129,600 x (10,500 - (1,500 + 2,500 + 3,500 + 2,200)) / 10,500 = $25,344
Depreciation = 2 x (1 / 4) x $25,344 = $12,672
Depreciation expense for 2023 = Proration for 2023 x $12,672 = 12/12 x $12,672 = $12,672
2024:
Depreciation rate = 2 / 4 = 50% Book value = $129,600 x (10,500 - (1,500 + 2,500 + 3,500 + 2,200 + 1,000)) / 10,500 = $13,670
Depreciation = 2 x (1 / 4) x $13,670 = $6,835
Depreciation expense for 2024 = Proration for 2024 x $6,835 = 12/12 x $6,835 = $6,835
Therefore, the Depreciation Expense for the life of the asset under double diminishing-balance method are:
2020 $18,051.33;
2021 $27,365.87;
2022 $18,524.90; and
2023 $10,188.90.
#SPJ11
A vast global network that is made up of many smaller interconnected networks is known as
Answer:
The internet
Explanation:
Sean has his high school diploma but no other schooling. What job is he most likely to get?
a. Interior designer
b. High school teacher
c. Food service worker
d. Psychiatrist
When reconciling or balancing your checking account, which of the following correctly describes the math?
A) add withdrawals and fees, subtract deposits
B) add deposits, subtract withdrawals and fees
Answer:
B) add deposits, subtract withdrawals and fees
Explanation:
A checking account is a deposit and saving account held in a financial institution, mostly a bank. The user or owner of the checking account is allowed to deposit and withdraw money as frequently as they deem necessary without incurring access fees.
Money held in a checking account is accessible using different ways, including debit cards, ATMs, and over the counter. When reconciling a checking account, one needs to subtract the sum of "money out" from "money in. "
"Money in" comprises mostly of deposits. "Money out" is the total of withdraws plus other bank charges levied to the account.