Dingleberry operates a chain of 200 convenience stores. Dingleberry wants to install automated frozen yogurt dispensing equipment in its stores. Customers would get premeasured amounts of yogurt after prepaying the cashier or swiping their credit cards and entering the amount of their purchases on a keypad.
FroMacCo [FMC] develops and sells the necessary equipment for automated food dispensing and accounting. With modifications, FMC's equipment can be tailored for Dingleberry's business.
Dingleberry engages FMC to develop the dispensing and accounting equipment to meet its needs. Dingleberry agrees to pay FMC $1,400,000 to develop and install the equipment and train Dingleberry's staff.
FMC will also provide tech support for two years. The terms include a payment of $600,000 on contract signing [non-refundable] and $200,000 when training of Dingleberry staff is completed [one month before installation], and $600,000 when the system is installed.
FMC usually charges $1,200,000 for the equipment, $200,000 for training [which is not sold separately] and $600,000 for two years of tech support.
Answers
the agreement between Dingleberry and FMC will enable Dingleberry to offer automated frozen yogurt dispensing to its customers, while receiving tailored equipment, training, and tech support from FMC.
Dingleberry, a chain of 200 convenience stores, wants to install automated frozen yogurt dispensing equipment in its stores. To do this, they engage FroMacCo (FMC), a company that develops and sells equipment for automated food dispensing and accounting. FMC's equipment can be tailored to meet Dingleberry's needs.
Under the agreement, Dingleberry will pay FMC $1,400,000 to develop and install the equipment and train Dingleberry's staff. FMC will also provide tech support for two years. The payment terms include a non-refundable payment of $600,000 upon contract signing, $200,000 when training of Dingleberry staff is completed (one month before installation), and $600,000 when the system is installed.
Typically, FMC charges $1,200,000 for the equipment, $200,000 for training (which is not sold separately), and $600,000 for two years of tech support. Dingleberry's agreement with FMC provides a savings of $200,000 for training and $200,000 for tech support over FMC's typical pricing.
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Related Questions
Which of the following types of work would a company be most likely to preform through outsourcing?
A) Long- term work that requires close supervision
B) A consistent, predictable amount of work
C) Important tasks that the company wants control over
D) Specialized work that doesn’t require much supervision
Answers
Answer:
The answer is D.
Explanation:
Got it right on edg
The following types of work would a company be most likely to preform through outsourcing: Specialized work that doesn’t require much supervision. Thus option (D) is correct.
What is a company?A company is a legal entity formed by a group of people, known as shareholders, to conduct business. It is a separate legal entity from its owners, which means that it can enter into contracts, sue or be sued, and own property in its own name.
The primary goal of a company is to generate profits for its owners, but it can also have other objectives such as providing goods and services to customers, creating jobs, and contributing to the community.
The specialized work that doesn’t require much supervision would a company be most likely to preform through outsourcing. Therefore, option (D) is correct.
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If ashley worked for herself as a web designer and could get additional work that paid $18 per hour, how much would it be worth to her family (before taxes) each year, if she could free up 2 hours per week by having a washer and dryer at home?.
Answers
By having a washer and dryer at home, Ashley would be able to free up 2 hours per week that she could then use to take on additional work at $18 per hour, which would be worth $36 per week or $1,872 per year (before taxes) to her family.
The cost of an opportunity is the benefit that must be given up in order to pursue that opportunity. In this case, the opportunity is the additional work that Ashley could take on as a web designer, and the cost is the time she would have to spend on laundry if she didn't have a washer and dryer at home.
If Ashley worked for herself as a web designer and could get additional work that paid $18 per hour, and she could free up 2 hours per week by having a washer and dryer at home, it would be worth
$18 x 2 = $36 per week or
$36 x 52 = $1,872 per year (before taxes) to her family.
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What does it mean to use diverse marketing strategies?
Answers
Answer:
Diversity refers to the fact that there are various ethnic or cultural groups within society. By using diverse marketing strategies, you appreciate this societal makeup with all of its different talents, needs, interests, and skills. It also means tolerating different preferences and ways of life — even in religious or sexual orientation.
Explanation:
Evaluate each of the following costs and determine whether the cost is (a) a product cost or a period cost, (b) variable or fixed in terms of behavior, and (c) for the product costs only, whether the cost is properly classified as direct material, direct labor, or manufacturing overhead. For each period cost select NA for column (c).
Answers
Rent for a storefront, investments in stock replacement, and personnel salaries are a few examples of these expenses.
What do you meant by cost ?1. Product Cost; Variable; Direct Material
2. Period Cost, Varying, NA
3. Product Price, Variable, DM, or MOH
4. The fixed or variable cost of the product, MOH
5. Period Cost, Fixed, NA
6 .Period Cost, Fixed, 0 Cost of the Product, Fixed, MOH
7. Product Cost, Variable,
8. Direct Labor
9. Period Cost, Varying, NA
10 .Product Cost, Variable, and Direct Material
11. Fixed-cost, MOH product prices
12. Product Cost, Variable, Direct Material
The cost of a good or service is the sum of money that a business invests in its development or manufacturing. The profit margin is not included. Cost is defined as the sum of money used to manufacture a commodity or service from the perspective of the seller.
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Nola Potter earns a salary of $1,200 a month and a commission of 7.5% on all sales over $4,000. This month her sales were $21,400. Find her total earnings for the month.
Answers
Answer:
$ 2,805
Explanation:
Nora has a salary of $1200
The commission is paid on all sales above $4000 at 7.5%
Current month sales are $21,400.
Commissions to be paid will be 75% of $21,400
=7.5/100 x $21,400
=0.075 x 21,400
=$1,605
Nora's total earnings will be salary plus commissions
=$1,200 +$1,605
=$ 2,805
True or false?
The law of diminishing returns states that as more variable inputs are added to production, the productivity of these inputs increases.
Answers
Answer:
that would be true
Explanation:
initially, if a salesperson fails to earn the buyer's commitment, he/she should first?
Answers
If a salesperson fails to earn the buyer's commitment initially, the first step should be to ask the buyer for feedback and try to understand their concerns or objections.
In sales, earning a buyer's commitment is a crucial step in the sales process, and it can be challenging if the buyer has concerns or objections. If a salesperson fails to earn the buyer's commitment initially, the first step should be to ask the buyer for feedback and try to understand their concerns or objections. By actively listening to the buyer's feedback, the salesperson can gain insights into the buyer's needs and preferences, and can tailor their approach accordingly. Additionally, by addressing the buyer's concerns, the salesperson can build trust and credibility, which can lead to a stronger relationship and increased sales opportunities in the future. Overall, by focusing on understanding the buyer's perspective and addressing their concerns, a salesperson can increase their chances of earning the buyer's commitment and closing the sale.
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In preparing closing entries for a merchandising company, the income summary account will be credited for the balance of?
a. sales revenue. b. freight-out. c. sales discounts. d. inventory.
Answers
In preparing closing entries for a merchandising company, the income summary account will be credited for the balance of a. sales revenue.
Deals profit is the income entered by a company from its deals of goods or the provision of services. In account, the terms “ deals ” and “ profit ” can be, and frequently are, used interchangeably to mean the same thing.
It's important to note that profit doesn't inescapably mean cash received. In secretary, account, and fiscal accounts, net deals are operating earnings earned by a company for dealing with its products or rendering its services. Also appertained to as profit, they're reported directly on the income statement as Deals or Net deals.
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The average U.S. worker is MOST likely to hold about _____ jobs between the ages of 18 and 25. Please choose the correct answer from the following choices, and then select the submit answer button. three two seven five
Answers
Argentine Tears. The Argentine peso was fixed through a currency board at Ps1.00 /$ throughout the 1990s. In January 2002 the Argentine peso was floated. On January 29, 2003 it was trading at Ps3.19 /$. During that one year period Argentina's inflation rate was 19 % on an annualized basis. Inflation in the United States during that same period was 2.2 % annualized.
a. What should have been the exchange rate in January 2003 if PPP held?
b. By what percentage was the Argentine peso undervalued on an annualized basis?
c. What were the probable causes of undervaluation?
A. What should have been the exchange rate in January 2003 if PPP held?
The exchange rate in January 2003, if PPP held, should have been Ps_____/$ (Round to five decimal places)
B. By what percentage was the Argentine peso undervalued on an annualized basis?
On an annualized basis, the Argentine peso was undervalued by_____%. (Round to three decimal places and include a negative sign if needed)
Answers
A. To determine the exchange rate in January 2003 based on Purchasing Power Parity (PPP), the formula Exchange rate = Spot rate × (1 + inflation rate of domestic currency) / (1 + inflation rate of foreign currency) was used. The PPP-adjusted exchange rate would have been approximately Ps3.7056/$.
B. The Argentine peso was undervalued by around 13.91% on an annualized basis compared to the PPP-adjusted exchange rate of Ps3.7056/$.
C. Factors contributing to the undervaluation include market sentiment, economic and political uncertainties, and the high inflation rate in Argentina relative to the United States, impacting the perceived value of the peso.
a. To determine the exchange rate in January 2003 if Purchasing Power Parity (PPP) held, we can calculate it by taking into account the inflation rates of Argentina and the United States. According to PPP, the exchange rate should adjust based on the relative price levels in each country.
The formula to calculate the PPP-adjusted exchange rate is:
Exchange rate = Spot rate × (1 + inflation rate of domestic currency) / (1 + inflation rate of foreign currency)
In this case, the spot rate in January 2003 was Ps3.19/$, and the inflation rate in Argentina was 19% (0.19) while the inflation rate in the United States was 2.2% (0.022). Plugging these values into the formula:
Exchange rate = 3.19 × (1 + 0.19) / (1 + 0.022)
Exchange rate ≈ 3.19 × 1.19 / 1.022
Exchange rate ≈ 3.7056
Therefore, if PPP held, the exchange rate in January 2003 should have been approximately Ps3.7056/$.
b. To calculate the percentage by which the Argentine peso was undervalued on an annualized basis, we can compare the actual exchange rate of Ps3.19/$ with the PPP-adjusted exchange rate of Ps3.7056/$.
Undervaluation percentage = ((PPP-adjusted exchange rate - Actual exchange rate) / PPP-adjusted exchange rate) × 100
Undervaluation percentage = ((3.7056 - 3.19) / 3.7056) × 100
Undervaluation percentage ≈ (0.5156 / 3.7056) × 100
Undervaluation percentage ≈ 13.91%
On an annualized basis, the Argentine peso was undervalued by approximately 13.91%.
c. The probable causes of undervaluation can be attributed to various factors. One primary factor could be market expectations and investor sentiment. In the aftermath of the currency board system collapse and the subsequent floating of the Argentine peso, there might have been a lack of confidence in the currency's stability. This could have led to speculative pressures and a depreciated exchange rate.
Another factor contributing to undervaluation could be economic and political uncertainties in Argentina. During that period, Argentina faced significant economic challenges, including a deep recession, fiscal imbalances, and a debt crisis. Such conditions often lead to capital flight and currency depreciation.
Moreover, the high inflation rate in Argentina, which exceeded that of the United States by a significant margin, also contributed to the undervaluation. Inflation erodes the purchasing power of a currency, making it less desirable and reducing its value in international markets.
Overall, the undervaluation of the Argentine peso can be attributed to a combination of market sentiment, economic and political uncertainties, and high inflation rates, all of which affected the perceived value of the currency.
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This graph shows the marginal cost of producing each additional pair of running shoe inserts.
Based on the graph, which pair of shoes has a marginal cost of $3.00?
Pair 2
Pair 4
Pair 6
Pair 7
Answers
Answer:C
Explanation:
Answer:
Pair 6 or Answer: C
Explanation:
A company sold 300 shares of common stock with a par value of $10 at a price of $15 per share. What is the effect on the accounts of this transaction? a. Increase cash $4,500; increase retained earnings $4,500. b. Increase cash $3,000; increase common stock $3,000. c. Increase cash $4,500; increase common stock $3,000 and increase paid-in capital $1,500. d. Increase cash $4,500; increase common stock $1,500 and increase paid-in capital $3,000.
Answers
The effect on the accounts of the given transaction is increase cash $4,500; increase common stock $1,500 and increase paid-in capital $3,000. Option d is correct.
When a company sells shares of common stock, the cash account is increased by the amount of money received from the sale, which in this case is $4,500 (300 shares x $15 per share). The common stock account is increased by the par value of the shares sold, which is $3,000 (300 shares x $10 par value per share). The remaining $1,500 ($4,500 - $3,000) is recorded as an increase in paid-in capital, which represents the amount of money received from the sale of stock above and beyond its par value.
Thus, option d is correct regarding the effect on the accounts of the given transaction.
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Knowing the laws about protecting employees and the environment are, and following them, is an example of how to deal with this type of risk.
2 points
strategic risk
compliance risk
financial risk
operational ris
Answers
Answer: compliance risk
Explanation:edg2021
C- Compliance risk relates to following the appropriate laws applicable on the specific organisation and reporting them to the respected authority.
Laws are the most basic yet mandatory compliance and following them is important as misbehavior will lead to penalties and punishments. Laws also refer to the base of functioning of an organisation in a particular way.
A business is subject to various risks depending upon its scale and nature of business. Laws relating to employee protection refers to igloo the rights of employees and providing them aid at different aspects of life.Not only the employees but their families also need to be protected and taken care of by ways such as providing them insurances, education to their children, healthcare aid and timely salaries to the employees.It should also be noted that, protection of environment is equally important. The organisation should function as per the limits provided in the laws and comply with them. No harm shall be caused to the environment over and above the limit .Hence, the correct option is C compliance risk relates to protection of employees and the environment.
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***98 POINTS *** someone please help
Answers
Answer:
There are benefits and drawbacks to command economy structures. Command economy advantages include low levels of inequality and unemployment, and the common good replacing profit as the primary incentive of production. Command economy disadvantages include lack of competition and lack of efficiency.
Explanation:
what is the point estimate of the population proportion 0.50 1.77 0.56 0.19
Answers
To calculate the point estimate of the population proportion, we need to first understand what a population proportion is. A population proportion is the fraction or percentage of individuals in a population that have a particular characteristic or trait.
In this case, we are given a set of four numbers: 0.50, 1.77, 0.56, and 0.19. These numbers are not sufficient to calculate the population proportion, as we do not know what characteristic or trait we are looking at.
Assuming that we are looking at a binary characteristic (i.e. something that can either be present or absent), we can use the formula: p-hat = x/n
where p-hat is the point estimate of the population proportion, x is the number of individuals in the sample with the characteristic, and n is the total sample size.
Without more information, we cannot determine x or n, and therefore we cannot calculate the point estimate of the population proportion.
In summary, the given numbers are not enough to calculate the point estimate of the population proportion, as we do not know what characteristic or trait we are looking at and we do not have information on the sample size or number of individuals with the characteristic.
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On March 1st, Jared buys Matthew's car for $10,000 and they agree that Jared will pay Matthew the full amount by June 1st. Jared begins making payments to Matthew, but on May 1st, Jared still owes Matthew $5000. On May 1st, Jared sells Sarah his motorcycle for $5000. Jared and Sarah agree that Sarah will not pay Jared $5000, but Sarah will instead pay Matthew the $5000 Jared still owes him. Matthew agrees to receive the $5000 from Sarah. After making this agreement, Jared changes his mind and tells Sarah to pay him on May 1st and not Matthew. Can Jared do this
Answers
Answer: No, an assignment for consideration is irrevocable
Explanation:
The above scenario explains an assignment. An assignment simply occurs when an individual who is regarded as the assignor, transfers benefits to another person who is the assignee.
With regards to the situation in the question, it is not possible for Jared to change his mind and tells Sarah to pay him on May 1st and not Matthew. This is because this is an assignment for consideration which in this situation is irrevocable. The assignment will be deemed ineffective if the assignor doesn't receive consideration for the agreement.
When you finish your budget, you should have:
A: money left over
B: more bills to pay
c: a zero balance
D: All of the choices
Answers
Answer:
Zero balance
Explanation:
Because you finished all your money.
If there are two lawyers with similar experience and fees, you should make a decision by _____. a. asking other lawyers for recommendations b. comparing the clothing that the lawyers were wearing c. choosing the lawyer with higher fees d. flipping a coin and trusting fate and luck please select the best answer from the choices provided a b c d
Answers
If there are two lawyers with similar experience and fees, you should make a decision by asking other lawyers for recommendations. Option A is correct.
Comparing the clothing that the lawyers were wearing is not a reliable method for making a decision about which lawyer to hire. The clothing a lawyer wears does not necessarily reflect their level of skill or competence. In fact, choosing a lawyer based on their attire could be seen as discriminatory.Choosing the lawyer with higher fees is also not a good decision-making criterion.
A higher fee does not necessarily mean a better lawyer. It could simply reflect the location of the law firm, the lawyer's level of experience, or their personal preferences. It is important to consider the quality of the work the lawyer can provide, not just the cost.Flipping a coin and trusting fate and luck is not a rational or effective method for making a decision about hiring a lawyer.
It is important to base decisions on solid information and reliable criteria to ensure the best outcome. Therefore, asking other lawyers for recommendations is the best option for making a decision when two lawyers have similar experience and fees. Therefore option A is correct.
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The __________ persuasive strategy is particularly effective for a speech to actuate.
Answers
The Monroe's motivated sequence persuasive strategy is particularly effective for a speech to actuate.
Monroe's motivated sequence:
Alan Monroe created the Monroe's Motivated Sequence, a five-step progressive persuasion technique, in the middle of the 1930s. This technique is intended to motivate individuals to act and to have your audience ready to alter things right away.Many individuals utilize the motivated sequence introduced by Monroe in \(1935\) as a speech structure to efficiently organize persuasive messages. Attention, need, satisfaction, visualization, and action are the five fundamental phases of the pattern. A speaker draws an audience's attention in the opening phase.Monroe's Motivated Sequence (MMS) is a pattern of organizing used to create in the audience a sensation of WANT or NEED, satiate that WANT or NEED, and assist the audience in becoming enthusiastic about the benefits of that SOLUTION.Learn more about Monroe's motivated sequence here brainly.com/question/19815768
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ricky is allocating his budget in the way that maximizes total utility. how does ricky use the marginal utility per dollar for each good to maximize his total utility?
A. equal for expensive goods B. equal for all goods C. maximized for essential goods D. maximized for all goods
Answers
Ricky uses the concept of marginal utility per dollar to allocate his budget in a way that maximizes total utility. Marginal utility per dollar is the ratio of the marginal utility of a good to its price.
It represents the additional utility received per dollar spent on a good.To maximize his total utility, Ricky should allocate his budget in a way that equalizes the marginal utility per dollar for each good he consumes. This means that he should continue to allocate his budget across goods until the marginal utility per dollar for each good is equal.When the marginal utility per dollar is not equal across all goods, Ricky can increase his total utility by reallocating his budget across goods until the marginal utility per dollar is equal. If the marginal utility per dollar of a good is higher than the marginal utility per dollar of another good, Ricky should reallocate his budget to increase his consumption of the good with the higher marginal utility per dollar. This will increase his total utility until the marginal utility per dollar is equal for all goods.Therefore, option B, equal for all goods, is the correct answer. Ricky will maximize his total utility by allocating his budget in a way that b the marginal utility per dollar for each good.
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Ricky should aim to make the marginal utility per dollar equal for expensive goods.
The correct answer is option a.
Ricky is allocating his budget in a way that maximizes his total utility. In order to do this, he needs to use the concept of marginal utility per dollar for each good. Marginal utility per dollar is the additional satisfaction a consumer derives from spending an additional dollar on a particular good or service.
To maximize his total utility, Ricky should allocate his budget in such a way that the marginal utility per dollar is equal across all goods. This means that he should spend his money on goods that provide the most additional satisfaction per dollar spent. If he spends more money on goods that provide less additional satisfaction per dollar, he will not be maximizing his total utility.
By doing so, he will ensure that he is getting the most out of his budget and maximizing his total utility. This strategy will help him make the most efficient use of his resources and derive the most satisfaction from his purchases.
Therefore, the correct answer is option a.
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Engines for race cars are intricate machines with up to 30,000 unique parts. fast draft, an engine manufacturer, contracts with vendors to provide most of these specialty parts while fast draft focuses on assembly. by using this structure, fast draft does not depend too heavily on any one supplier, and can adapt quickly as engine technology changes
Answers
This is an example of a Hollow Structure since Fast Draft hired different vendors for the speciality parts and chose to concentrate on assembly.
What is a hollow structure?A hollow structure is a style of organizational structure where a company outsources certain of its operations while concentrating on others.Even though they are crucial to the company's ability to produce goods and services, pieces that are frequently outsourced are those that are not regarded as key components.The business then concentrates on the essential operations.Fast Draft outsources the specialized components for the race cars before concentrating on putting them together.They are consequently outsourcing the specialised pieces that are not core components.They proceed to the main task, which is assembly. Diesel engines are considered some of the most dependable and long-lasting of all engines, and they are a marvel of engineering.Diesel engines' endurance, toughness, and dependability are mostly due to three factors:a diesel engine's general construction: gear-driven, better lubrication, and less wear. systems necessary for the engine to run.An internal combustion engine requires three main engine systems to function.These three are the fuel system, lubrication system, and ignition system.To learn more about engine technology refer
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What is something that will not help you get a higher credit limit?
A: Paying off the balance of the credit card each month
B: Asking the banking company for a higher limit on your credit card
C: Maxing out the credit card and only making the minimum payment each month
D: Making more money at your job (More personal income)
Answers
Maxing out the credit card and only making the minimum payment each month is something that will not help you get a higher credit limit. A credit limit is the most money you are permitted to spend on a credit card or line of credit by a lender.
If a credit card company grants you a credit limit of $2,500, that is the most you may ever have charged to the card payment . If you charge $1,900 to your card, you will have $600 left over that you can use without paying a fee or being restricted from using the card limit further.
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list three ways you can find jobs in the hidden job market
Answers
Answer:
get active on social media use flex jobs and go to conferences
Answer:
networking, direct contact, and research.
Explanation:
edge 2021 ;)
Which of the following represents an aggressive approach to demand management in the service
sector when demand and capacity are not particularly well matched?
a. inexpensive rates for weekend phone calls
b. appointments
c. reservations
d. first-come, first-served
e. none of the above
Answers
Inexpensive rates for weekend phone calls represents an aggressive approach to demand management in the service sector when demand and capacity are not particularly well matched. So option a is correct option of the given statement.
Demand management: What does it mean?Planning technique called demand management. It is utilized by businesses to forecast and plan how to meet service and product demand. Connectivity between operations and marketing is improved via demand management. Customer demands, capacity, and strategy are better coordinated as a result.
What does demand management aim to achieve?In order to meet the market where it is, you must first understand the market and the demand chain. Only then can you build an operational strategy. You can develop project portfolios and use portfolio management to carry out your demand strategies after you have them.
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QUESTION 9/10
The opportunity cost of earning an advanced college degree is that
A. You will earn more income during your career.
C. There may be a low supply of jobs in your professional field.
6. Some fields require a professional degree before you can
begin working
D. You will earn less money during the years that you are in
college.
Answers
Answer:
The opportunity cost of earning an advanced college degree is that You will earn more income during your career and some fields require a professional degree before you can begin working.
Explanation:
Opportunity costs represent the potential benefits that an individual, investor, or business misses out on when choosing one alternative over another. Opportunity cost is the forgone benefit that would have been derived from an option not chosen.
In this case, it would be the benefit of earning an advanced college degree. It is something that may not be achievable yet aspirational to many, due to financial costs, personal situations, accessibility, etc., The cost of forgoing this opportunity would be either the ability to earn more income during your career or not having the opportunity to work in a desired field or advance significantly in a field due to lack of education.
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Computing real exchange rates Consider a basket of consumer goods that costs $100 in the United States. The same basket of goods costs 300 in Malaysia. Holding constant the cost of the basket in each country, compute the real exchange rates that would result from the two nominal exchange rates in the following table. Cost of Basket in Cost of Basket in Nominal Exchange U.S. Malaysla Rate Real Exchange Rate (Dollars) (Ringgit) (Ringgit per dollar) (Baskets of Malaysian goods per basket of U.S goods) 100 300 4.50 100 300 12.00
Answers
The real exchange rate is 4. The real exchange rate shows how the price of a basket of goods abroad has changed over time in comparison to the price of the same basket at home.
What is Real Exchange Rate?The nominal exchange rate (e) divided by the price-to-price ratio (P/P*) between the two nations is the real exchange rate (RER). As a result, the RER is eP*/P. Consider Germany's situation in relation to the United States.
The current price that consumers and businesses will pay to purchase a foreign product using their home currencies is known as the real exchange rate. For instance, if the current U.S.-Britain exchange rate was $138 U.S. dollars for one pound, an American consumer would require $1.38 to purchase one pound's worth of goods.
After conversion into a foreign currency, the real rate indicates how much more or fewer goods and services can be purchased abroad for a given amount than on the domestic market. In practice, changes in the real exchange rate are more important than changes in its absolute level.
the Formula of the real exchange rate is;
Nominal Exchange Rate ×Price prevailing in foreign country / Price prevailing in the domestic country
4.5 * 100/300= 1.5
So, 1.5 baskets of Malaysian goods per basket of U.S. goods.
When the nominal exchange rate is 12 Ringgit per dollar, the real exchange rate = 12 * 100/300 =4
Thus, 4 Malaysian goods per American goods basket.
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The question is as follows:
6. A full-service bank is also known as a__.
Answers
commercial bank
I just goggled the answer
What is the difference between a retail market and a wholesale market?
A.
Retail markets are in urban areas, whereas wholesale markets are in rural areas.
B.
Retail markets are at transport hubs, whereas wholesale markets are at central places in villages.
C.
Retail markets sell only organically grown produce, whereas wholesale markets sell all types of produce.
D.
Retail markets sell directly to consumers, whereas wholesale markets sell primarily to traders and retailers.
Answers
Answer:
D. Retail markets sell directly to consumers, whereas wholesale markets sell primarily to traders and retailers.
Explanation:
Retailers are the last traders in the distribution chain. They buy goods in bulk from wholesalers, break the bulk and sell the goods in small quantities to consumers. Retailers are found in all areas, including towns, estates, and rural areas. Large-scale retailers such as supermarkets buy directly from manufactures and sell to retailers.
Wholesalers are intermediaries in the distribution chains. Their primary customers are retailers. Wholesalers buy from manufacturers in bulk, break the bulk and sell to retailers. Some wholesalers have created channels for selling to consumers.
Answer:
D
Explanation:
Why is social service a more respectable job?
Answers
Answer:
they provide public services
Explanation:
Briefly explain two ethical values that are necessary for all accountants.
Answers
Objectivity and independence are important ethical values in the accounting profession. ... Accounting services include general accounting, auditing, tax and management advisory services. Accountants who perform more than one of these services for a client may compromise their objectivity and independence.