Nguyen manages a supply chain team. If she uses the concept of comparative advantage for assigning tasks to members of her team, then more can be accomplished. less will be accomplished. the team's output will vary more in quality. the team's output will consist of a wide range of goods
Answers
The correct option is more can be accomplished. If she uses the concept of comparative advantage for assigning tasks to members of her team, then more can be accomplished.
The ability of an economy to produce a specific good or service at a lower opportunity cost than its trading counterparts is known as comparative advantage. Opportunity cost is a new consideration in the idea of comparative advantage when comparing various manufacturing possibilities.
Opportunity cost is a new consideration in the idea of comparative advantage when comparing various manufacturing possibilities.
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Related Questions
When stock and other corporate securities are sold directly to insurance companies, pension funds, or large institutional investors it is said that a(n) ____ has been made.
Answers
Answer: private placement.
Explanation:
ong answer: right here right now, inc. sells streaming media subscriptionsthe company has grown alot recently and has noticed that it has been getting a larger number of complaints about customer service right here right now arranged for its customer service employees to recieve training on best practices and telephone customer service they have hired you to thoroughly evaluate the training you to arrange a meeting to go over your plans with customer service manager below create a brief meeting agenda including objectives discussion topics each with a estimated amount of time alotted to it and propose next steps your discussion topics should include brief descripters of the areas you plan to evaluate and soon those evaluations should take place include all four levels of evaluation discussed
Answers
Answer:
well i first would welcome everyone and thank you for coming
1. Training what is going well and what needs to change
2.Meeting ask anyone what they think that might help
3.Due times if any work that you assigned tell them if there is a due date
4.Plans to evaluate when the next meeting should be held
Explanation:
pls can someone buy me the upgrade i beg youuu :(
Answers
Answer:
no
Explanation:
For this activity, you will be developing a personal finance plan that demonstrates your ability to manage your money using appropriate financial strategies.
Activity Overview:
Part 1 Overview:
For the first part of this activity, you will be given a hypothetical monthly income, a list of your basic monthly bills, and a brief description of your living situation and daily life.
Based on that information, you will create a monthly budget and financial plan that allows you to pay all of the necessary bills while also having enough money left over to live for the month.
You will also need to take into consideration the details that are given about your life. You will need to weigh your options with these details and decide what is absolutely necessary to fit into your budget and what you can afford to live without.
You may use a spreadsheet program like Microsoft Excel to organize your monthly financial plan; however, this is not a requirement if you are not comfortable using this type of program. You can also create a table or chart in a word processing program like Microsoft Word, or you can come up with another way to creatively and effectively organize and display your monthly plan.
If you are completely stumped as to how to design and organize your monthly financial plan, do a bit of research! Try Googling ‘monthly financial plan’ or ‘monthly budget template’ to get some ideas.
Part 2 Overview:
After completing your monthly financial plan, you will write a brief reflection (one to three paragraphs) on this financial activity.
The following questions should be addressed in your reflection:
How easy or difficult was this activity?
What were some challenges that you encountered?
Were you able to pay for all of your bills and all of the additional expenses with your income?
If not, what did you eliminate or where did you cut back?
How did you decide what to eliminate or where to cut back?
How might this hypothetical financial plan differ from a future real-life financial plan?
Do you feel more or less comfortable with money management after completing this activity?
Your grade will be based on your ability to appropriately create a comprehensive and well-thought out monthly budget and your ability to write a thoughtful reflection that addresses the required questions. For more details on grading, please refer to the rubric below.
Please submit your monthly financial plan and your typed reflection to the dropbox when completed.
Part 1 Information:
You currently work as an elementary school teacher.
Your annual salary is $45,000
You bring home a weekly paycheck and your total monthly income, after taxes, is $2,850.00
You live alone in an apartment with the following bills:
Monthly rent: $1,000
Electric Bill: $82
Gas and Water: $44
Internet: $75
Other monthly bills include:
Cell Phone: $85
Student Loan: $200
Car Insurance: $130
Gym Membership: $20
Other details and expenses:
You live a pretty simple life. You are single and enjoy going out to dinner with friends once or twice a month.
You enjoy eating healthily and generally spend a good portion of your income on purchasing organic food. You like to grocery shop weekly and, on average, spend $100 per week.
You have a dog and he is due for a monthly check-up this month. You estimate this will cost around $150, but you have not scheduled the appointment yet.
You are relatively healthy and rarely visit the doctor, but you do have asthma that requires monthly inhalers. These are not covered by insurance and cost you $110 per month.
You love treating yourself to a movie. A movie ticket costs $10.
There is a concert that your friends have asked you to attend this month. Tickets are $250.
You opened a savings account several months ago and set a goal to deposit $200 into it each month.
Your Mom’s birthday is this month and you want to send her flowers. It will cost $75 to send her a beautiful bouquet.
The service light recently came on in your car. You have been avoiding taking it to the shop because you anticipate that it will cost anywhere from $150-$300. But if your car breaks down, you will not be able to get to work.
Answers
PART 1 Careful budgeting and prioritization are essential for creating a comprehensive monthly financial plan. Allocating funds to essential expenses and evaluating discretionary spending allows for effective income management.
PART2 The individual should write a brief reflection on the financial activity.
Creating a monthly financial plan based on the given information can be a challenging task, but with careful budgeting and prioritization, it is possible to manage the income effectively.
To start, the fixed monthly expenses such as rent, electric bill, gas and water, internet, cell phone, student loan, and car insurance should be allocated first. These expenses are essential and need to be paid regularly.
Next, the discretionary expenses can be evaluated and adjusted based on available funds. Considering the desire to eat healthily and purchase organic food, it is important to allocate a reasonable amount for groceries. It is recommended to plan meals and shop strategically to stay within the budgeted amount.
Regarding entertainment expenses, attending a movie and a concert can be considered, but it's crucial to assess their importance and affordability. It may be necessary to prioritize one over the other or find alternative, lower-cost activities to enjoy with friends.
Saving $200 per month as a goal is commendable, but it should be evaluated in the context of the overall financial situation. If it becomes difficult to allocate that amount while meeting all other expenses, it may be necessary to adjust the savings goal temporarily and increase it in the future when financial circumstances improve.
Considering the upcoming expenses, such as the dog's check-up, asthma inhalers, and sending flowers for your mom's birthday, it's important to set aside funds for these obligations. These expenses should be factored into the budget to ensure they can be paid without causing financial strain.
In the reflection, it is important to acknowledge the challenges faced while creating the financial plan. This may include balancing expenses, making decisions on discretionary spending, and adjusting expectations based on available income.
It is also important to consider how this hypothetical financial plan may differ from a real-life plan, as individual circumstances and financial goals can vary.
Completing this activity can enhance money management skills by providing practical experience in budgeting and decision-making. It helps in understanding the importance of prioritizing expenses and making informed financial choices.
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To examine
the weekly payroll of all employees, one would look at the:
Answers
To examine the weekly payroll of all employees, one would look at the: d. payroll register.
What is the payroll register?The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.
A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.
Options:
a. W-4
b. employee earnings record
c. W-2
d. payroll register.
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109. In 2005, the government of Bangladesh spent $8.59 billion on government programs, and hadrevenues of $5.993 billion.This indicates that Bangladesh like the United States can have a(n):
A. expansionary policy
B. low GDP
C. high CPI
D. low PPI
E. budget deficit
Answers
The government of Bangladesh, having spent more on government programs than its revenues in 2005, indicates that it experienced a budget deficit (Option E), similar to the United States.
A budget deficit occurs when a government's spending exceeds its revenue within a specific period. In the given scenario, the government of Bangladesh spent $8.59 billion on government programs but had revenues of only $5.993 billion. This difference indicates that the government had a budget deficit (Option E), meaning it spent more money than it collected in revenue during that year.
A budget deficit is a common occurrence for governments, including both developing and developed nations. It often arises due to various factors such as increased spending on public programs, economic downturns, or a decline in revenue sources. When a government faces a budget deficit, it typically needs to borrow funds or rely on other sources of financing to cover the shortfall.
In this case, since Bangladesh spent more on government programs than its revenues, it suggests that the government had a budget deficit. This implies that the government may need to address the deficit through measures such as reducing expenses, increasing revenues, or seeking external financial assistance to maintain fiscal stability.
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lazer co. is a u.s. firm that exports computers to belgium invoiced in euros and to italy invoiced in dollars. additionally, lazer co. has a subsidiary in south korea that produces computers and sells them there. lazer also has competitors in different countries. lazer co. is subject to: (lo 8.1) group of answer choices
Answers
Additionally, Lazer Co. has a subsidiary in Korea that produces computers in South Korea and sells them there. Lazer also has competitors in different countries. Lazer Co. is subject to translation exposure.
Translation publicity (also known as translation threat) is the risk that an employer's equities, assets, liabilities, or earnings will alternate in cost because of change fee adjustments. This happens whilst a firm denominates a part of its equities, assets, liabilities, or profits in overseas forex. Transaction publicity arises whilst a business enterprise enters into a transaction regarding overseas foreign money and commits to make or receive payment in foreign money aside from its domestic forex. Translation publicity arises on the stability sheet consolidation date and is on the give-up of a given monetary length (sector or yr). Translation exposure is a form of accounting chance that arises due to fluctuations in forex quotes. converting the values of a overseas subsidiary's holdings into the figure employer's domestic currency can lead to inconsistencies if trade rates trade constantly.
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Disclaimer: The question is incomplete. Please read below to find the missing content.
Lazer Co. is a U.S. firm that exports computers to Belgium invoiced in euros and to Italy invoiced in dollars. Additionally, Lazer Co. has a subsidiary in Korea that produces computers in South Korea and sells them there. Lazer also has competitors in different countries. Lazer Co. is subject to:
a.
transaction exposure.
b.
economic exposure.
c.
translation exposure.
d. all of these
activity management responsibility planning directing controlling a. management decides to increase sales growth by 20% next year. b. management analyzes the impact of a recent advertising campaign by comparing budgeted sales to actual sales. c. management reviews hourly sales reports to determine the level of staffing needed to staff the customer service desk. d. management uses information on product costs to determine sales prices. e. to lower production costs, management moves production to china.
Answers
The management's decision to increase sales growth by 20% next year is a planning activity. Setting goals and objectives and creating plans to attain them are both aspects of planning.
The management's analysis of the impact of a recent advertising campaign by comparing budgeted sales to actual sales is a controlling activity. Controlling involves monitoring and evaluating performance to ensure that goals are being met.
The management's review of hourly sales reports to determine the level of staffing needed to staff the customer service desk is a directed activity. Directing involves communicating and implementing plans, including assigning tasks and providing guidance to employees.
The management's use of information on product costs to determine sales prices is a planning activity. Planning involves setting prices based on the costs of production, the target market, and the competition.
To lower production costs, the management's decision to move production to China is a planning activity. Planning involves making decisions about where and how to produce goods in order to achieve cost savings.
Complete question:
Categorize each of the following activities as to which management responsibility it fulfills: planning, directing, or controlling. Some activities may fulfill more than one responsibility.
a. Management decides to increase sales growth by 20% next year.
b. Management analyzes the impact of a recent advertising campaign by comparing budgeted sales to actual sales.
c. Management reviews hourly sales reports to determine the level of staffing needed to staff the customer service desk.
d. Management uses information on product costs to determine sales prices.
e. To lower production costs, management moves production to China.
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ok, so actually im not here for my own answer. Im helping others who do need help right now so just reply if u need help<3
Answers
Answer:ok I need help
Explanation:
Which of the following is NOT a travel, hospitality, and tourism career?
A. Chef
B. Pilot
C. Curator
D. Truck Driver
Answers
chef is not a travel,hospitality, and tourism career
Answer:
Truck driver. that is the only one that doesn’t effect personal travel, vacations, etc
Explanation:
The Graves Corporation was incorporated in 2018 and incurred a net op-erating loss of $35,000. The company’s operating income in 2019 was $47,000. Because of a downturn in the local economy, the company suffers a net operating loss of $21,000 in 2020. What is the treatment of the 2020 loss? How would your answer change if Graves were an S corporation?
Answers
Answer:
The 2018 loss was carried forward and decreased the corporation's tax liability during 2019. The 2020 loss should also be carried forward to offset any future gains and reduce future tax liabilities. A company can carry forward a loss indefinitely, since it is allowed to deduct a maximum of 80% of a future year's net income.
If this was an S corporation, it would be pass through entity that is not taxed directly, instead, the owners are taxed. Therefore, this $21,000 loss will be distributed proportionally among all the stockholders, and they must deduct their taxes independently.
Match the following.
DONT ANSWER IF YOU DONT KNOW!
Answers
Based on the concept of marginal in economics and the available options, the right answer, in this case, includes: Marginal = Extra or Additional (in Economics)
What is Marginal in EconomicsMarginal is a term that is used to describe the position of having a little more or a little less of something.
Generally, Marginal is used to represent the effects of consuming and/or producing one extra unit of a good or service.
Therefore, in this case, we have the following:Marginal = Extra or Additional (in Economics)Marginal benefits = Change in total benefits resulting from an actionMarginal Cost = Change in total cost resulting from an actionMarginal Utility = Change in total utility resulting from an actionUtility = Happiness; SatisfactionHence, in this case, it is concluded that the Marginal concept applies to different segments.
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Question
Match the following:
Marginal
Marginal benefits
Marginal Cost
Marginal Utility
Utility
Change in total cost result from an action
Happiness; Satisfaction
Change in total utility resulting from an action
Extra or Additional (in Economics)
Change in total benefits resulting from an action
What would happen if you had $30 in your checking account and you tried to take out $45 at the grocery store using your debit card?
Answers
Answer:
I believe that the transaction would fail giving you some text similer to "Transaction failed, please try again." or "Insufficient funds."
The Porter family used an online family budget estimator to compare the costs of living in Baltimore and San Francisco for a family with two parents and two children. Where is the cost of living higher?
Baltimore
San Francisco
The cost of living is the same for both cities.
There is not enough information to determine which city has a higher cost of living.
Answers
Option (b), The Porter family compared the cost of living in Baltimore and San Francisco for a family of two adults and two kids using an online family budget estimator. In San Francisco, living expenses are higher.
What are the seven necessities for a family budget?Make a list of your household's monthly expenses, including your needs and wants while keeping in mind that every family has unique requirements and preferences. You're likely to include your requests like housing costs, child care costs, food costs, health insurance, travel costs or car payments, utilities, and phone/internet bills.
In other words, because the cost of living index for the majority of requirements is higher in California than it is in Baltimore, it will be more expensive to live there than it will in Baltimore. An apartment in Baltimore, for example, is more expensive to rent than one in California. California's income distribution, restaurant costs, the purchasing power parity rate, and other factors should also be considered. To augment their prior monthly budget and maintain their lifestyle in California, the family may need an extra $1000 each month.
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1. Give the three (3)
business resources
Answers
Answer:
Financial Resources
Human Resources
Educational Resources
Explanation:
The market for factors of production are Land, Labour, Capital,
Enterprise Question 1 options: True False
Answers
The market for factors of production consists of four primary factors: land, labor, capital, and enterprise. The statement is true.
These factors play crucial roles in the production process and contribute to economic output. Land refers to natural resources such as land itself, minerals, water, and other raw materials. Labor represents the human effort and skills employed in the production process. Capital refers to the machinery, equipment, tools, and infrastructure used in production. Enterprise refers to the entrepreneurial ability to organize and manage the other factors of production effectively.
In the market for factors of production, these four factors are bought and sold, allowing producers to access the necessary resources for their businesses. Landowners lease or sell land to businesses, while individuals offer their labor services in exchange for wages or salaries. Capital goods are acquired through purchases or investments, and enterprise involves the coordination and management of these factors to create value and generate profits.
The interaction of supply and demand determines the prices of these factors in the market. The availability and productivity of each factor influence their respective prices. Changes in technology, population, and government policies can also impact the demand and supply of factors of production, leading to fluctuations in their prices.
Overall, the market for factors of production provides a platform for the exchange of land, labor, capital, and enterprise, enabling businesses to acquire the necessary resources to produce goods and services and drive economic growth.
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a single dwi conviction can cost a driver up to ____.
Answers
an example of moral hazard is that group of answer choices borrowers who are less likely to repay loans are more likely to apply for them. those with health insurance visit the doctor every time they get a cold. reckless drivers buy cars with air bags. stores in high-crime areas buy theft insurance more often than stores in low-crime areas.
Answers
An example of moral hazard is: those with health insurance visit the doctor every time they get a cold.
This occurs because the insured party engages in riskier behavior, knowing they are protected by their insurance, which may lead to higher costs for the insurer. Moral hazard refers to the situation where one party engages in risky behavior because they know that they will not have to bear the full consequences of their actions.
In the context of borrowing, moral hazard arises when borrowers are more likely to default on their loans if they believe that they will not suffer any significant financial harm as a result. For example, if borrowers believe that they can walk away from their debts without facing any significant penalties or consequences, they may be more likely to take out loans that they cannot afford to repay.
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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
Answers
Answer:
brenda income has gone because there is nothing money left
Risk acceptance is a natural part of driving. Risks are always present, and the compensation involves: Recognizing _____________________ errors. Making appropriate adjustments A driver often makes ________________ decisions in city traffic driving Studies indicate that drivers who do not wear safety belts tend to make more risks while driving than drivers wearing seat belts. Driving behavior is based on risk ___________________ rather than _________________ risk. Factors that drivers cannot control in risk management are: _____________________________________ _____________________________________
Answers
Answer:
Balls
Explanation:
Balls
The correct answers for the blanks are as follows:
Recognizing and correcting errors.Split-second decisions.Risk perception rather than actual risk.External conditions such as weather, road conditions, and other drivers' actions.Correcting errors refers to the process of identifying and rectifying mistakes or faults in one's actions or behaviors. In the context of driving, it involves recognizing and addressing any errors or incorrect maneuvers made while operating a vehicle.
This can include correcting improper lane changes, adjusting speed to match road conditions, maintaining proper following distance, signaling turns accurately, and adhering to traffic rules and regulations.
Correcting errors requires attentiveness, self-awareness, and the ability to promptly take corrective actions to ensure safe and responsible driving. It plays a crucial role in mitigating risks and preventing potential accidents or hazards on the road.
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nternational finance works through many mechanisms. sometimes a corporation from one state will build a factory in another state, which is an example of
Answers
This is an example of foreign direct investment.
What is foreign direct investment?A foreign direct investment (FDI) is an investment made by a company based in another nation that takes a controlling interest in a company in another country. Because of the idea of direct control, it can be separated from a foreign portfolio investment. The origin of the investment has no bearing on whether it qualifies as an FDI; the investment may be made "inorganically" by purchasing a business in the target nation or "organically" by growing an already established company there. Foreign direct investment broadly refers to "mergers and acquisitions, the construction of new facilities, the reinvestment of profits from overseas businesses, and intra-company loans."
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if a governmental body acts in a way that permanently takes all of the economic value of a property or permanently physically invades the property, this is known as a(n)
Answers
The government is required to offer just compensation whenever it permanently physically enters a property or eliminates all of its economic value, known as Total taking.
What is Total taking?Complete Taking refers to any taking—permanent or temporary—that, in the reasonable opinion of the Beneficiary, will materially impede and adversely affect the Trustor's ability to utilize the Property in its intended manner, to the point where it is conceivable that it may have a Significant Adverse Effect.
Unless the government is preventing a nuisance or the regulation was legal under property law at the time the property was purchased, the government must provide just compensation if it permanently physically invades a property or removes all of its economic value.
Total taking is the term used to describe this kind of regulatory action.
Therefore, the government is required to offer just compensation whenever it permanently physically enters a property or eliminates all of its economic value, known as Total taking.
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Correct question:
If the government takes all of the economic value of a property or permanently physically invades the property, the taking requires just compensation unless the government is preventing a nuisance, or the regulation was permissible under property law at the time of the purchase of the property. This type of regulatory taking is referred to as ______.
essay on trade unions and labor restrictions
Answers
Answer:
A trade union is an association of workers from certain professions for the purpose of promoting common interests related to their work. The work of trade unions is thus usually about work-related issues such as wages, job security, leisure time, but also about things like education and job titles where applicable. Trade unions negotiate wages and conditions with employers in wage agreements they make on behalf of their unions. Thus, these unions seek to maximize the rights of workers in their work spaces, trying to ensure that employers respect the rights of their employees without restriction of any kind.
Waiting Lines: A drive thru car wash can process cars at a rate of one every 8
minutes. Customers arrive every 10 minutes to get their cars washed and always wait, regardless
of how long the line gets. Arrivals are governed by the Poisson distribution and service is
governed by the exponential distribution. Please round your final answers to two decimal
placesWhat is the average number of cars in the system (including waiting in line)?
Answers
The average number of cars in the system, including those waiting in line, is approximately 4 cars.
To find the average number of cars in the system, we need to use Little's Law which states that the average number of customers in a system (L) is equal to the average customer arrival rate (λ) multiplied by the average time a customer spends in the system (W).
We know that the arrival rate (λ) is 1 car every 10 minutes, and the service rate (μ) is 1 car every 8 minutes, so the utilization rate (ρ) is λ/μ = 10/8 = 1.25.
Using Little's Law, we can find the average time a customer spends in the system:
W = L/λ
W = (Lq + Ls)/λ where Lq is the average number of cars waiting in line and Ls is the average number of cars being serviced.
We can also use the formulas for an M/M/1 queue to find Lq and Ls:
Lq = (ρ^2)/(1-ρ) = (1.25^2)/(1-1.25) = 3.125 cars
Ls = ρ = 1.25 cars
Now we can plug in the values for W, Lq, and Ls into Little's Law:
L = λW
L = λ(Lq + Ls)/λ
L = Lq + Ls
L = 3.125 + 1.25
L = 4.375 cars
Therefore, the average number of cars in the system (including waiting in line) is 4.38 cars (rounded to two decimal places).
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7. Solve this two step equation:
3 x 5 – 7 = y
Answers
Answer:
y=8
Explanation:
15-7=y
8=y
y=8
Answer:
its 8
Explanation:
if u do 3 times 5 its 15, if u do 15-7 which equal 8 or y so y=8
A retirement or abandonment of an asset is different from a sale of an asset because?.
Answers
A retirement or abandonment of an asset is different from a sale of an asset because a loss should be recognized for the remaining book value.
A durable asset is considered to have been disposed of when it is no longer in use. The carrying amount that was in effect when the asset was retired or abandoned is deducted from its value. The resulting loss is then deducted from the asset's carrying value. The difference between retiring or abandoning an asset and selling it is that no money is transferred.
The remaining book value necessitates the recording of a loss. An asset is considered retired when it is permanently taken out of service. Disposing of an asset due to obsolescence or a sale to a third party are two examples of asset retirement procedures.
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What are Advantages of having good Credit Score? Choose the best three that apply.
Saving on Insurance rate
Car loan Interest rate
Getting in to a Good College
Getting a Good Cell phone Plan
Answers
-saving on insurance
-car loan
-getting good cell phone plan
ABC Company issued a bond with face value for $1000, paid annual 10% coupon and 3 years to maturity, what is the value of ABC bonds today if the required rate of return is 12%.
Answers
Answer:
The value of Bond = $951.963
Explanation:
The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV) discounted at the yield rate
Value of Bond = PV of interest + PV of RV
Th e PV of interest payment
A ×(1- (1+r)^(-n))/r
Interest payment = 10%× 1000 = 100
PV = 100× (1- 1.12^(-3))/0.1 = 240.183126
PV of redemption value
PV = RV× (1+r)^(-n)
PV = 1000× 1.12^(-3) = 711.7802
The value of bond = 240.18 + 711.78= 951.963
The value of Bond = $951.963
hiro was using the database to prepare information for a presentation to potential investors which tool is he likely to use
A. Queries
B. Reports
C. Sorts
D. Forms
Answers
Answer:
It's Reports
Explanation:
Answer:
B. Reports Hope this helps!
Suppose that imitation gemstones are an inferior good. If incomes increase, the demand for imitation gemstones will:
Answers
If imitation gemstones are an inferior good, then their demand will decrease as incomes increase.
As people's incomes increase, they will generally prefer to purchase higher quality and more expensive goods, such as genuine gemstones, rather than cheaper and lower quality imitations. Therefore, an increase in income will lead to a decrease in the demand for imitation gemstones, all other things being equal.
An inferior good is a type of good whose demand decreases as consumer income increases. This is because, as people's incomes rise, they tend to buy more expensive and higher quality goods, and avoid cheaper alternatives.
Therefore, if imitation gemstones are an inferior good, an increase in incomes will lead to a decrease in the demand for them, while a decrease in incomes will lead to an increase in demand for them.
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