Answer:
Time taken for loan (T) = 42 mount
Explanation:
Given:
Rate of interest (r) = 8% = 0.08
Loan amount (P) = $6,071
Interest amount (I) = $1,700
Find:
Time taken for loan (T)
Computation:
I = PRT
1,700 = [6,071][0.08][T]
T = 1700 / 485.68
T = 3.5 year
Time taken for loan (T) = 3.5 × 12
Time taken for loan (T) = 42 mount
Charlie, a production head at an automobile company, is reviewing along with his team the efficiency of the current production system. A few employees in his team have ideas about how the production cost can be reduced by modifying the assembly system. Which of the following statements made by Charlie would best act as an idea grower in this scenario? If the system is not broken, we do not have to fix it. The current production system is good enough. Though the current system is efficient, is it perfect? You may want to change the current system, but what about the costs?
Answer:
Though the current system is efficient, is it perfect
Explanation:
An idea grower is someone that is open to analyzing different ideas, possibilities, or options on how to improve the current production system. I'm not sure if anything can be considered to be perfect, since we all have flaws, and the things that we make all have flaws. The difference is that things or systems are those that have the least amount of flaws and work almost efficiently most of the time.
In this case, the production system might be very efficient, but it can always be improved. It is charlie's duty to try to find ways to continuously improve it.
A résumé style that highlights your previous work experiences related to the position you are seeking is which type of résumé?
Answer: Functional
Explanation:
In a job interview, a resume is a brief description of the candidate. Its motive is to create a favorable impression on the interviewer that can help the candidate to get the job.
To make it impressive there are some common styles such as functional (highlights your previous work experiences), chronological(arrange order of educational achievements and skills), skills, and targeted(arrange detals for a particular job role).
Hence, A functional style highlights your previous work experiences related to the position you are seeking.
"A customer has an account with a brokerage firm that is in receivership. The account holds $220,000 of securities and has a $90,000 debit. Which statement is TRUE regarding SIPC coverage?"
Answer: The account is covered for $130,000
Explanation:
The options to the questions are:
A. The customer must deposit $90,000 to receive the $220,000 of securities
B. The account is covered for $100,000
C. The account is covered for $130,000
D. The account is covered for $220,000
Based on the above question, it should be noted that the equity in the account of a customer is covered by SIPC and the coverage should not be more than $500,000 while for the cash coverage, there is a limit of $250,000.
Since the account has securities of $220,000 and a $90,000 debit, it simply means that the equity will be:
= $220,000 - $90,000
=$130,000.
The customer will then get securities worth of $130,000 in liquidation.
An oligopoly a. is a type of imperfectly competitive market. b. has a concentration ratio of less than 50 percent. c. is a price taker. d. has many firms rather than just one firm or a few firms.
Answer:
Option A
is a type of imperfectly competitive market
Explanation:
An oligopoly is a market arrangement where a few number of producer/sellers dominate and control the market.
Usually, in this type of imperfect ,market, firms would always need to collude to increase their prices for their products which are relatively differentiated products
These firm together have a concentration ratio of more than 50% i.e they control more than 50% of the entire market share.
Answer
is a type of imperfectly competitive market
When the marginal benefits of a decision is equal to the marginal costs, it is called _____________. (SSEF2) * 1 point equilibrium scarcity specialization a rational decision
Answer:
A rational decision
Explanation:
Marginal decision involves using more than or less than what you have by comparing the cost and benefits. Marginal cost is the additional cost as a result of making a different decision while the marginal benefit is the additional benefit as a result of making a different choice. A rational decision is a decision in which the marginal benefits as a result of taking that decision is greater or equal to the marginal cost of that decision.
People have unlimited desires but limited resources. Economics tries to understand how we make decisions in such a world of ______ resources.
Answer:
Scarcity, is the right answer.
Explanation:
Scarcity is the answer because economics refers to decision making when there is scarcity. Since we know that human wants are unlimited but the resources are limited. Thus, the scarcity of resources gives birth to the problem of choice. Basically, economics studies the social human behavior in relation to resource allocation. Therefore, economics is all about that is generated to understand the allocation or decisions in the case of scarce resources.
Jennie receives $12,000 (of which $2,000 is earnings) from a Qualified Tuition Program. She uses the funds to pay for new furniture for her apartment. What amount is taxable to Jennie
Answer: $2000
Explanation:
From the question, we are informed that Jennie receives $12,000 (of which $2,000 is earnings) from a Qualified Tuition Program and she uses the funds to pay for new furniture for her apartment.
The amount that is taxable to Jennie will be the amount of earnings she made who is $2000.
When assessing energy resources, it is helpful to use a measure called EROI, which is:__________
a) energy returned minus energy invested
b) energy returned plus energy invested
c) amount of energy invested minus heat released into the environment
d) money invested in extraction and processing minus money in sales
e) energy returned divided by energy invested
Answer:
e) energy returned divided by energy invested.
Explanation:
When assessing energy resources, it is helpful to use a measure called Energy Returned On Investment (EROI), which is energy returned divided by energy invested.
Energy Returned On Investment (EROI) is a means of measuring the quality of an energy source.
Generally, EROI can be defined as the ratio of the quantity of usable energy (exergy) gotten from a specific energy resource to the quantity of energy used to produce that energy resource.
Some examples of energy resources are fossil fuel, solar, hydropower, wind, nuclear, tidal, hydrogen, wave etc.
Any one duty of Human Resource Manager
Recruitment: Search for new qualified people
explanation: it means like to get new people to join company if there are vacancies
Stockton broker Dustin Giles has been asked by super-cautious sellers Frank and Carole Bellacera to find out the comparable sales for their property, since they aren't sure at what price they should list their property. When Dustin gives the information to them, they insist this is NOT what they want. They want to know what the actual value is that a lender will use to establish a loan amount. Someone is confused here, but which someone
Answer:
Frank and Carol Bellacera are confused
Explanation:
The fact that the couples are super -cautious in nature is getting them confused concerning what they actually wanted as they were trying to be extra careful.
They initially requested for a comparable sales price for their property towards listing, known as comparative market analysis which Dustin Giles provided. However , they went on to change their request to the actual value that a lender can be used to establish a loan which is appraisal .Dustin could have been able to do the appraisal if only he is an independent licensed appraiser practitioner.
Therefore from the scenario ,it is very obvious that Frank and Carole did not really know what they wanted or probably have not made up their mind concerning their decision on the property.
Royal Caribbean Cruise Lines contracts with ______ to manage the large movement of food, beverages, raw ingredients, and supplies so that these deliveries are coordinated with the freight schedules.
Answer:
Third-party logistics
Explanation:
Royal Caribbean Cruise Lines contracts with Third-party logistics (or 3PL). Like mentioned in the question, this refers to the outsourcing of e-commerce logistics processes, including inventory management, warehousing, and fulfillment in order for the merchant company to automate all of their order fulfillment and freight scheduling coordination so they can free up their time and accomplish more on their end.
What is the maximum loan amount a bank will provide a borrower under the following circumstances: LTV: 70% Appraised Value: $320,000 Contract Price: $330,000
Answer:
$231,000
Explanation:
The maximum loan amount that the borrower would get from a bank is the 70% of the contract price which is computed thus:
The understanding here is that the bank would provide 70% counterparty funds which is equivalent to 70% of $330,000 i.e $231,000(70%*$330,000).
In other words,the borrower should be willing to provide 30% of $330,000 while the bank complements the borrower's efforts withe balance of 70%
Henry and his girlfriend ate dinner at the new Thai restaurant that recently opened in his neighborhood. This expenditure would be included in:
Answer:
The bill.
Explanation:
Expenditure means the part of the action that has to do with money or spending money. In this case that would be the bill at the end of their meal.
______ occurs when people are hired or promoted, or denied hiring or promotion, for reasons not relevant to the job
Answer:
Workplace discrimination
Explanation:
Workplace discrimination is when someone is not treated well at work because of prejudices related to race, gender, religion, sexuality, among others. According to this, the answer is that workplace discrimination occurs when people are hired or promoted, or denied hiring or promotion, for reasons not relevant to the job because the person is treated differently because of prejudices.
Renee opened her business with the intention of importing goods from Brazil and selling them in the United States. We could say that this business is
Answer: Born global
Explanation:
Born global is described as businesses which start with the intention of main their business already an international, as they target to do business globally. Many organizations start up their activities with the intentions of doing business globally, they focus their market to the world at large than just doing trade locally.
s the initial transaction in a new margin account, a customer buys 1,000 shares of XYZ stock at $30. The market value increases to $50. Which statements are TRUE? I Equity increases by $10,000 II Equity increases by $20,000 III SMA increases by $5,000 IV SMA increases by $10,000
Answer:
Equity increases by $20,000 an SMA by $10,000
Explanation:
While equity is defined as the remaining value of an owner's interest in a business , the simple moving average is defined as the average of a selected range of prices , usually the closing prices by the number of periods in that range.
For every $1 increase in market value , the SMA increase by $0.5 and the equity by $1
Workings
1000 shares at $30 = $30,000
Market value = 1000* $50 = $50,000
Equity increase - 50,000-30,000 = 20,000
SMA = 20,000 *0.5 = 10,000
What is likely to happen to the labor market equilibrium for firemen as building codes change to require firewalls and sprinklers to be included in all new construction
Answer:
The number of firemen employed will decrease while the wage of firemen will decrease
Explanation:
In an economy when there is an alternative or substitute that enters the market it results in reduction of demand for that product because some consumers will go for the other good.
In this scenario where building codes change to require firewalls and sprinklers to be included in all new construction, there will be a reduction in the demand for firemen. So number of firemen employed will be less.
This is because there is an alternative to using firemen now (firewalls and sprinklers).
Supply of firemen will remain the same, so more people are now competing for less jobs.
They will be more willing to take less wages than before so wages will reduce.
Short-term price reductions like two-for-one commonly used to increase trial among potential customers or to retaliate against a competitor's actions are referred to as a
Answer:
Deal
Explanation:
The deal is the business term that is done between any two persons in order to generate the benefit for both the parties
Here in the question, the two for one rise the trial between the future customers or its is against the actions of a competitor
Just as example = short term price reductions
It benefits for both the parties i..e for the buyer it gets in less price and for selling one product is sold and get some margin on it
Therefore it is a deal situation
While establishing an overall picture of process output over time, the team plots a chart based on the data available. The plotted chart has seven consecutive data points on one side of the mean. What can be determined from the plotted chart
Answer: None of the answers
Explanation:
The options to the question are:
A) The control limits are too tight
(B) The control limits are acceptable
(C) The control limits are too loose
(D) None of the answers.
According to the seven run rule, a process is out of control in a control chart in a situation whereby there are seven consecutive data points that all fall on same side of mean. In such case an adjustment has to be made.
In the scenario in the question, none of the answers will be chosen because there has been a violation of the seven run rule as the answers provided are all incorrect.
Barney places his new extension ladder on a slippery surface when he leans it against the wall. He climbs up; the ladder slips out from under him and he falls. Which type of product liability may exist in this situation
Answer: C) Marketing if the manufacturer did not provide instructions on how to use the ladder.
Explanation:
The options to the question are:
A) Manufacturing since ladder may not have been intended for this use.
B) Design since the ladder may not have been made to specifications
C) Marketing if the manufacturer did not provide instructions on how to use the ladder.
D) There is no liability. The users assumes all risk in using any type of ladder.
From the question, we are informed that Barney places his new extension ladder on a slippery surface when he leans it against the wall and that as he climbs up; the ladder slips out from under him and he falls.
The type of product liability may exist in this situation is "Marketing if the manufacturer did not provide instructions on how to use the ladder".
Savannah Pecans is a fourth-generation family business. The company has concentrated on the U.S. market by selling its products primarily in the United States but now wants to sell abroad. The board of directors is hesitant about new markets because of their lack of knowledge regarding foreign legal systems and languages. What is the likely reason behind this hesitation
Answer:
A. a lack of trust
Explanation:
Since in the question it is mentioned that the Savannah Pecans is a fourth-generation family business and wants to focused on the U.S market by selling their main products in the U.S markets but as of now they wants to sell in abroad.
But the board of directors is hesitant because of their lack of knowledge with respect to the legal, language system
So the reason is a lack of trust whether they manage the things properly or not
A profit-maximizing, competitive firm will always hire an additional worker when the additional worker makes a positive contribution to
Answer:
Total profit
Explanation:
A profit maximising firm is one which marginal revenue exceeds marginal cost in its operations.
Price, inputs, and outputs are determined in such a way that they will realise highest profit.
So when a firm hires an additional worker they weigh the cost of getting his services (salary) against how much they can contribute to the total profit of the firm.
If contribution to total profit exceeds additional salary expense then the firm will go ahead and hire additional workers.
At the end of Year 2, retained earnings for the Baker Company was $2,650. Revenue earned by the company in Year 2 was $2,900, expenses paid during the period were $1,550, and dividends paid during the period were $950. Based on this information alone, what was the amount of retained earnings at the beginning of Year 2
Answer:
$2,250
Explanation:
Calculation for the amount of retained earnings at the beginning of Year 2
Using this formula
Beginning retained earning =Revenue earned- Expensee- Dividend Paid- Ending retained earnings
Let plug in the formula
Beginning retained earning =$2,900-$1,550-$950-$2,650
Beginning retained earning =$2,250
Therefore the amount of retained earnings at the beginning of Year 2 will be $2,250
What is a possible consequence of an employee’s being able to visit the safe-deposit box unaccompanied?
Answer:
Explanation:
Safe box is a secured container with locks and mostly fireproofed , used to store valuable properties and data for protection against theft , loss and misappropriation.
When an employee is allowed to visit a safe box unaccompanied , the safe box is exposed to a risk of violation.
The employee may not be able to steal any of the items contained in the box as it is expected that there must be a proper record keeping of such items , and if any get missing , it can be easily traced to him. However , he could use any of the item as security for personal short term bank loan as this may not easily be discovered as long as the item is still physically existing in the box , unless / until the loan terms eventually get violated.
Goods and services are purchased by businesses as well as by individuals. a. True o O b. False
Answer:
true
Explanation:
The market structure in which the behavior of any given firm depends on the behavior of the other firms in the industry is
Answer:
Oligopoly.
Explanation:
The market structure in which the behavior of any given firm depends on the behavior of the other firms in the industry is oligopoly.
An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.
Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
The characteristics of an oligopolistic market structure are;
1. Mutual interdependence between the firms.
2. Market control by many small firms.
3. Difficult entry to new firms.
Monica, a project manager at a software firm, learns during a status report meeting that a difference exists between the baseline scope and the actual project performance. What does Monica need to do next?
Answer:
analyze the variance
Explanation:
In this scenario, the next necessary step that Monica must take would be to analyze the variance of the scope. Analyzing the variance is done in order to effectively determine whether or not a change in scope is actually warranted, and must be done every time that there is a difference identified between the actual performance and the baseline scope such as in this scenario.
In the Keynesian-cross model with a given MPC >0, the government-expenditure multiplier ______ the tax multiplier.
Answer:
the government-expenditure multiplier _Is larger than_ the tax multiplier.
Is larger than
Explanation:
Keynesian Cross Model otherwise known as expenditure-output model is used to determine the point where total or aggregate expenditures in the economy are intercept the amount of output produced, i.e equilibrium level of real GDP. In economy, if MPC >0, the government-expenditure multiplier is larger than the tax multiplier.
You need $35,000 in cash to buy a car 15 years from today. You expect to earn 14 percent, compounded annually, on your savings. How much do you need to deposit today if this is the only money you save for this purpose
Answer:
PV= $4,903.38
Explanation:
Giving the following information:
FV= $35,000
n= 15 years
i= 14% compounded annually
To calculate the initial investment required, we need to use the following formula:
PV= FV/(1+i)^n
PV= present value
FV= future value
i= interest rate
n= number of years
PV= 35,000/(1.14^15)
PV= $4,903.38
Han Products manufactures 37000 units of part S-6 each year for use on its production line. A this level of activity, the ost per unit for part S-6 is:
Direct materials $3.60
Direct labor 9.00
Variable manufacturing overhead 2.40
Fixed manufacturing overhead 6.00
Total cost per part $21
An outside supplier has offered to sell 37,000 units of part S-6 each year to Han Products for $19 per part. If Han Products accepts this offer, the facilities now being used to manufacture part S-6 could be rented to another company at an annual rental of $87,000. However, Han Products has determined that two-thirds of the fixed manufacturing overhead being applied to part S-6 would continue even if part S-6 were purchased from the outside supplier.
Required:
What is the financial advantage (disadvantage) of accepting the outside supplier's offer?
Answer:
$13,000
Explanation:
The computation of the financial advantage (disadvantage) of accepting the outside supplier's offer is given below:
Making cost
Materials (37,000 × $3.60) $133,200
Direct Labour (37,000 × $9.00) $333,000
Overhead:
Variable (37,000 × $2.40) $88,800
Fixed (37000 × 6.00) $222,000
Total making cost $777,000
For buying cost
outside market purchase (37,000 × 19.00) $703,000
Unavoidable fixed overheads (37000 × 6 × 2÷3) $148,000
Less: Rentout of resources ($87,000)
Total Cost if buy $764,000
So, the Financial advantage of accepting the outside suppliers offer is
= $777,000 - $764,000
= $13,000