Answer:
A.$7.65
B. $17.65
C. $18.07
Explanation:
Calculation for the price of a 3-month put option on P.U.T.T. stock
Using this formula
P = C-S+[X/(1+r)T]
Where,
C represent call option price =$ 10
S represent spot price = $100
X represent exercise price =$100
T represent time period of put option =3 or 1/4months
R represent risk free return =10%
Let plug in the formula
P = C-S+[X/(1+r)T]
P = 10-100+[100/(1+0.10)1/4]
P = 10-100+[100/(1.10)1/4]
P = 10-100+[100/1.0241]
P = 10-100+97.65
P = 10-2.35
P = $7.65
Therefore the price of a 3 month put option stock will be $7.65
B. Calculation for What would be a simple options strategy .
The simple options strategy will be the straddle which will inturn enable the investor to buy one put option as well as one call option
Now let calculate for the The Total cost of straddle option
The Total cost of straddle option is = $10+$ 7.65
The Total cost of straddle option= $ 17.65.
The amount of amount of Total cost of straddle option will be $ 17.65.
C.Calculation for How far would it have to move in either direction inorder to make a profit ontl the initial investment
Inital investment Profit= $ 17.65×(1.10)^1/4
Initial investment Profit=$ 17.65×1.0241
Initial investment Profit= $ 18.07
A machine can be purchased for $202,000 and used for five years, yielding the following net incomes. In projecting net incomes, double-declining depreciation is applied, using a five-year life and a zero salvage value.
Year 1 Year 2 Year 3 Year 4 Year 5
Net incomes $18,000 $25,000 $53,000 $58,000 $108,000
Compute the machine’s payback period (ignore taxes).
Answer:
2.36 years
Explanation:
Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows.
To derive cash flows from net income, depreciation expenses should be added to net income.
Depreciation expense using the double declining method = Depreciation factor x cost of the asset
Depreciation factor = 2 x (1/useful life) = 2 / 5 = 0.4
Deprecation expense in year 1 = 0.4 x $202,000 = $80,800
Book value in year 2 = $202,000 - $80,800 = $121,200
Deprecation expense in year 2 = 0.4 x $121,200 = $48,480
Book value in year 3 = $121,200 - $48,480 = $72,720
Deprecation expense in year 3 = 0.4 x $72,720 = $29,088
Book value in year 4 = $72,720 - $29,088 = $43,632
Deprecation expense in year 4 = $43,632 x 0.4 = $17,452.80
Book value in year 5 = $43,632 x 0.4 - $17,452.80 = $26,179.20
Deprecation expense in year 5 = $26,179.20 x 0.4 = $10,471.68
Cash flow in year 1 = $18,000 + $80,800 = $98,800
Cash flow in year 2 = $25,000 + $48,480 = $73,480
Cash flow in year 3 = $53,000 + $29,088 = $82,088
Cash flow in year 4 = $58,000 + $17,452.80 = $75,452.80
Cash flow in year 5 = $108,000 + $10,471.68 = $118,471.68
Please check the attached image for how the payback period was calculated
Answer:
the machine’s payback period is 2 years and 3 months.
Explanation:
First remove the depreciation expense from the net income because this is a non-cash item.
Depreciation Expense (double-declining method) = 2 × SLDP × BVSLDP
SLDP = 100 ÷ Number of useful life
= 100 ÷ 5
= 20 %
Year 1
Depreciation Expense = 2 × 20% × $202,000
= $80,800
Year 2
Depreciation Expense = 2 × 20% × ($202,000 - $80,800)
= $48,480
Year 3
Depreciation Expense = 2 × 20% × ($202,000 - $48,480)
= $61,408
Year 4
Depreciation Expense = 2 × 20% × ($202,000 - $61,408)
= $56,237
Year 5
Depreciation Expense = 2 × 20% × ($202,000 - $56,237)
= $58,305
Summary of Cash flows will be :
Year 1 = $18,000 + $80,800 = $98,800
Year 2 = $25,000 + $48,480 = $72,480
Year 3 = $53,000 + $61,408 = $114,408
Year 4 = $58,000 + $56,237 = $114,237
Year 5 = $108,000 + $58,305 = $166,305
Payback period :
$202,000 = Year 1 ($98,800) + Year 2 ($72,480) + $30,720 / $114,408
= 2 years and 3 months
Diversity groups identified in the market today can include extroverts, introverts, atheists, and the religious.
a) true
b) false
Answer: True
Explanation:
It us true that the diversity groups identified in the market today can include extroverts, introverts, atheists, and the religious while the introverts are rather shy, reserved and not sociable.
The atheists don't believe in God while the religious believe there is a supreme being who is being worshipped.
Midyear on July 31st, the Chester Corporation's balance sheet reported: Total Liabilities of $77.152 million Cash of $6.030 million Total Assets of $125.703 million Retained Earnings of $27.859 million. What was the Chester Corporation's common stock? Select: 1Save Answer $26.722 million $20.692 million $76.410 million $82.440 million
Answer:
Chester Corporation's common stock is $20.692 million.
Explanation:
Use the Accounting Equation : Assets = Equity + Liabilities to determine Chester Corporation's common stock.
Let the value of Common Stock be Cs
Then,
Assets = Equity + Liabilities
$125.703 million = $27.859 million + $77.152 million + Cs
Cs = $125.703 million - ($27.859 million + $77.152 million)
= $20.692 million
Therefore,
Common Stock is $20.692 million
Discuss the following issues relating to Modigliani and Miller’s (MM) 1958 capital structure model.
A. What was the importance of the model?
B. What are the basic assumptions of the model?
Answer with Explanation:
Requirement 1:Modigliani & Miller's theorem helps understanding the value of the company, the factors that results in change in the value of the company and the financial risk that increases the firm's Weighted Average Cost of Capital.
M & M proposition 1:
The M & M proposition 1 (or M & M without Tax model) says that the value of the firm remains the same no matter what is the percentage of debt and equity in the capital structure hence the primary focus of the management must be to decrease cost and increase the return on the investment.
M & M proposition 2:
However later, due to increased critism of not considering the tax implications on the WACC, M & M presented a modified model which is also known as M & M With Tax Model. In it he acknowledges the importance of tax in calculating the WACC and he is of the opinion that the injection of the debt reduces the WACC. Hence the maximum level of debt must be used to exploit all the available investment opportunities.
The value of the company can be calculated using the following formula:
Value of the Company = Free Cash flow * (1 + g) / (WACC - g)
The changes in the capital structure results in changes to firm's WACC which changes the value of the company. This clearly shows that if the WACC can be reduced then the value of the firm would increased. Hence M & M model is useful in predicting the Optimal Capital structure that would give lowest WACC and thus highest value of the company.
Requirement 2:The basic assumptions of M & M proposition without tax Model are as under:
There are no transaction costs on trading of securitiesThere are no taxes.The market is perfect market which means that the investor and the corporation have same information which doesn't impacts the decision making of both entities.The Floatation costs are zero which means that their are no issuance costs, listing expenses, etc.The taxes on the Dividend distribution are also zero.The basic assumptions of M & M proposition with tax Model are as under:
There are no transaction costs on trading of securitiesThe capital market is perfect market which means that the investor and the corporation have same information which doesn't impacts the decision making of both entities.The Floatation costs are zero which means that their are no issuance costs, listing expenses, etc.Where has a company benefited through the competitive advantage that was gained through the implementation of an information systems technology related to an on-demand economy mega trend? Select one or more of the following on-demand economy mega trend topics on which to conduct your research: Connectivity Big data and data analytics Digitization Machine-to-machine technology
Answer:
For that kind of appropriate response, I am choosing Walmart as that of the obvious reasons.
Explanation:
Whenever it decides to integrate an available technology but mostly groundbreaking the strongest on-demand distribution network something which businesses could ever end up creating, Walmart could be regarded as being one of the most profitable businesses. Researchers can conclude that all of this contributes to something like the involvement of such a productive utilization BIG Information and statistical method for Walmart to many others accurately assess its eligibility criteria, stock control and production and consumption would need.With that same massive amounts of data, Walmart and after that needs to feed everything into everyone's information management that has used the data to sustain their probabilistic machine learning and statistical modeling techniques that enable Walmart to experience as a result that is not only complete and timely, and cover a wide range of products and everyone's availability triggered over a given period.They frequently include the use of another JIT inventory management system and that's why individuals could further automate their warehouse to purchase certain necessary ingredients anyway in preparation for all the distribution to have been produced to satisfy the expectations.The following cost and revenue information pertains to the new CD:
CD package and disc (direct material and labor): $2.50/CD
Songwriters' royalties: $0.70/CD
Recording Artists' royalties: $2.00/CD
Advertising & promotion: $380,000
Sony Records Inc.'s Overhead: $300,000
Selling price to CD Distributor: $10.00
Knowing they had been selling 100,000 CDs, what percent does this change in sales represent?
a. 25.36%
b. 12.43%
c.79.17%
d. 15.63%
e. None of the above
Answer:
Cost and Revenue information for the new CD
e. None of the above
Explanation:
a) Data and Calculations:
Variable cost:
Direct material and labor): $2.50/CD
Songwriters' royalties: $0.70/CD
Recording Artists' royalties: $2.00/CD
Total variable cost $5.20/CD
Selling price to CD Distributor: $10.00/CD
Contribution $4.80/CD
Fixed Costs:
Advertising & promotion: $380,000
Sony Records Inc.'s Overhead: $300,000
Total fixed costs $680,000
The break-even point = Fixed costs/Contribution per unit
= $680,000/$4.8 = 142,000 CDs
Knowing they had been selling 100,000 CDs
There is an increase of 42,000 (142,000 - 100,000)
This increase represents a change of 42% = (42,000/100,000 * 100)
The change in sales from 100,000 CDs to 142,000 CDs in order to break-even is a 42% increase. None of the given options from a to d has the answer.
The percentage that's represented by the change is E. None of the above.
Based on the information given, we'll segregate the cost into a fixed and variable cost. This will be:
Variable costDirect material and labor: = $2.50/CDSongwriters' royalties: = $0.70/CDRecording Artists' royalties: = $2.00/CDTotal variable cost = $5.20/CDSelling price to CD Distributor = $10.00/CDContribution = $4.80/CDFixed Costs:Advertising & promotion: = $380,000Sony Records Inc.'s Overhead: = $300,000Total fixed costs = $680,000The break-even point will then be calculated thus:
= Fixed costs/Contribution per unit
= $680,000/$4.8
= 142,000 CDs
The Percentage increase will be:
= (142000 - 100000) / 100000 × 100
= 42000/100000 × 100
= 42%
In conclusion, the correct option is None of the above.
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Accounts receivable balances are required to be reflected at net realizable value as of the balance sheet date. Use of the allowance method for estimating bad debit is the preferred method because it:________
A) is required by GAAP.
B) it provides for better matching of revenue with expenses.
C) A and B
D) None of the above
Answer:
Accounts receivable balances are required to be reflected at net realizable value as of the balance sheet date. Use of the allowance method for estimating bad debt is the preferred method because it:________
C) A and B
Explanation:
Company XYZ can use the allowance method which ensures that the Accounts receivable balances are stated at their gross amount and not the net realizable value. Therefore, the allowance account is a contrary account with normally a credit balance. The allowance method is required by GAAP and provides for better matching of revenue with expenses. Company XYZ can use two methods for estimating bad debt under the allowance method. The first is the percentage sales method and the accounts receivable aging method. Whichever method is chosen depends on the decision of management.
The market value of Firm L's debt is $200,000 and its yield is 9%. The firm's equity has a market value of $300,000, its earnings are growing at a 5% rate, and its tax rate is 40%. A similar firm with no debt has a cost of equity of 12%. Under the MM extension with growth, what would Firm L's total value be if it had no debt?
Answer:
14%
Explanation:
As we know that:
Firm's Cost of Equity = Ke + (Ke - Kd) * Market Value of Debt / Market Value of Equity
Here
Ke is 12%
Kd is 9%
MV of Debt is $200,000
MV of Equity is $300,000
By putting values, we have:
Firm's Cost of Equity = 12% - (12% - 9%) * $200,000 / $300,000
Firm's Cost of Equity = 14%
Direct Materials Variances
The following data relate to the direct materials cost for the production of 10,000 automobile tires:
Actual: 145,000 lbs. at $2.80 per lb.
Standard: 150,000 lbs. at $2.75 per lb.
a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Price variance $ Unfavorable
Quantity variance $ Favorable
Total direct materials cost variance $ Favorable
b. The direct materials price variance should normally be reported to the Purchasing Department . If lower amounts of direct materials had been used because of production efficiencies, the variance would be reported to the Production Supervisor . If the favorable use of raw materials had been caused by the purchase of higher-quality raw materials, the variance should be reported to the Purchasing Department .
Answer and Explanation:
The computation is shown below
a.
For Direct materials price variance is
= (Actual price - standard price) × actual quantity
= ($2.8 - $2.75) × 145000
= $7,250 unfavorable
For Direct materials quantity variance is
= (Actual quantity - standard quantity) × standard price
= (145,000 - 150,000) × $2.75
= $13,750 favorable
For Total direct material cost variance is
= $7,250 unfavarable + $13,750 favorable
= $6,500 favorable
b. The answers are purchasing department, production supervisor and the purchasing department
Which of the following is most integral to the task of leading the drive for good strategy execution and operating excellence?
A. Pushing lower-level managers and supervisors to practice MBWA
B. Being a good motivator and a decisive decision-maker
C. Staying on top of how well things are going, making sure the company has a good strategic plan, putting . constructive pressure on the organization to achieve good results, displaying ethical integrity, leading social responsibility initiatives, and pushing corrective actions to improve strategy execution and achieve the targeted results
D. Practicing enlightened empowerment of employees and using a decentralized approach to decision-making
E. Being good at designing a strategy-supportive reward structure
Answer:
C. Staying on top of how well things are going, making sure the company has a good strategic plan, putting . constructive pressure on the organization to achieve good results, displaying ethical integrity, leading social responsibility initiatives, and pushing corrective actions to improve strategy execution and achieve the targeted results
Explanation:
To accomplish the organization objective, the planning plays an important role with the help of planning, the company could able to make the strategy and according to that it will get to know the time frame in which the chances of achieving the objectives could be high
Good plans results good results that represent the ethical, social responsibilities, and if there is any mistaken done so corrective actions could be taken out
Therefore the correct option is c.
The total cost of Jurislon to be purchased in August is: Multiple Choice $1,839,600 $1,208,700 $1,014,300 $1,017,000
Answer: $1,014,300
Explanation:
The company wants to maintain 20% of the next month's needs as ending inventory.
One Miniwap requires 2.5 kg of Jurision to be made.
Materials purchased is;
= Ending inventory + Materials used - Begining inventory
Ending Inventory;
= 20% of September Jurision
= 20% * 21,300 * 2.5
= 10,650 kg
Materials used
= 2.5 kg * August Miniwaps
= 2.5 * 22,600
= 56,500 kg
Materials Purchased = 10,650 + 56,500 - 10,800
= 56,350 kg
Cost of Jurision is $18 per kilo
= 56,350 * 18
= $1,014,300
The Work section in QuickBooks Online Accountant is a great starting point for planning your new client engagement. What are the first step(s) in the client onboarding workflow?
Answer:
Meet the client and gather information
Explanation:
The first step in the client onboarding workflow is to meet the client and gather information about him or her. This is done by using new client engagement check lists to ask all the required questions in other to gather all necessary information about the client. This is to ensure that the client set objectives and expectations are properly planned for in the onboarding process.
Resnick Inc. is considering a project that has the following cash flow data. What is the project's payback?Year 0 1 2 3Cash flows -$325 $200 $200 $2001. 1.93 years2. 1.63 years3. 1.80 years4. 1.67 years5. 1.50 years
Answer:
1.63 years
Explanation:
Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows
Payback period = Amount invested / cash flow
= $325 / 200 = 1.625 years
Answer: 2. 1.63 years
Explanation;
Payback period is one way of checking to viability of a project by checking how long it will take for the project to pay back it's initial investment.
Payback Period = Year before Payback + (Amount remaining till payback/ Cash inflow in Year of Payback)
Cash inflow is $200 each so 2 years will bring in $400 which is more than the investment.
Year before payback is therefore 1 year.
Amount remaining till payback = 325 - 200 = 125
Cash inflow in Year of Payback being the second year is $200.
Payback Period = 1 + ( 125/200)
= 1 + 0.625
= 1.625
= 1.63 years
Suppose the price of gasoline decreases from $4.20 to $2.00, and in response quantity demanded increases from 10600 to 11200. Using the mid-point formula, what is the price elasticity of demand
Answer:
0.079
Explanation:
Price elasticity of demand using midpoint formula can be calculated as follows
Formula
Elasticity of demand = (change in quantity/average quantity)/(change in price/average price)
Calculation
Elasticity of demand = (600/10,900)/(-2.1/3.05)
Elasticity of demand =-0.055 / -0.688
Elasticity of demand =-0.079
working
Change in price (2-4.1) = -2.1
Average price (2+4.1)/2=3.05
Change in quantity (11,200-10600) = 600
average quantity (11,200+10,600)/2 = 10,900
The elasticity of demand is inelastic as the elasticity is below 1.
Account Title Debit Credit
Cash $7,800
Accounts receivable 15,500
Office supplies 6,160
Trucks 200,000
Accumulated depreciation—Trucks $36,256
Land 43,000
Accounts payable 10,100
Interest payable 20,000
Long-term notes payable 40,000
K. Wilson, Capital 171,525
K. Wilson, Withdrawals 45,000
Trucking fees earned 121,000
Depreciation expense
—Trucks 23,385
Salaries expense 56,046
Office supplies expense 9,000
Repairs expense—
Trucks 10,277
Totals $398,881 $398,881
Use the above adjusted trial balance to prepare Wilson Trucking Company’s classified balance sheet as of December 31, 2017.
Answer:
Wilson Trucking Company’s classified balance sheet as of December 31, 2017.
ASSETS
Non - Current Assets
Trucks 200,000
Accumulated depreciation—Trucks (36,256 ) 163,744
Land 43,000
Total Non - Current Assets 206,744
Current Assets
Office supplies 6,160
Accounts receivable 15,500
Cash 7,800
Total Current Assets 29,460
Total Assets 236,204
EQUITY AND LIABILITIES
Equity
K. Wilson, Capital 171,525
K. Wilson, Withdrawals (45,000)
Net Income 22,292
Total Equity 148,817
Liabilities
Non - Current Liabilities
Long-term notes payable 40,000
Total Non - Current Liabilities 40,000
Current Liabilities
Accounts payable 10,100
Interest payable 20,000
Total Current Liabilities 30,100
Total Equity and Liabilities 218,917
Explanation:
The Net Income for the year needs to be determined. This is included under the Equity section of the Balance Sheet.
Calculation of Net Income/(Loss) for the year
$ $
Trucking fees earned 121,000
Less Expenses :
Depreciation expense —Trucks 23,385
Salaries expense 56,046
Office supplies expense 9,000
Repairs expense— Trucks 10,277 (98,708)
Net Income / (loss) 22,292
Respass Corporation has provided the following data concerning an investment project that it is considering: Initial investment $ 160,000 Annual cash flow $ 54,000 per year Salvage value at the end of the project $ 11,000 Expected life of the project 4 years Discount rate 15 % Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided. The net present value of the project is closest to:
Answer:
$458.12
Explanation:
Net present value is the present value of after tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Cash flow in year 0 = $-160,000
Cash flow each year from year 1 to 3 = $54,000
cash flow in year 4 = $54,000 + $11,000 = $65,000
I = 15
NPV = $458.12
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
what does a scrum master support in order to help the team improve and take responsibility g
Answer:
The Scrum Master helps foster the culture of technical discipline and craftsmanship that is the hallmark of effective Agile teams. And, also, he builds a high-performing team – focusing on ever-improving team dynamics and performance.
Lastly, he helps the team manage interpersonal conflicts, challenges, and opportunities for growth.
Explanation:
. You are very bullish (optimistic) on stock EFG, much more so than the rest of the market. In each question, choose the portfolio strategy that will give you the biggest dollar profit if your bullish forecast turns out to be correct. Explain your answer.
Here's the full question;
You are very bullish (optimistic) on stock EFG, much more so than the rest of the market. In each question, choose the portfolio strategy that will give you the biggest dollar profit if your bullish forecast turns out to be correct. Explain your answer.
a. Choice A: $10,000 invested in calls with X = 50.Choice B: $10,000 invested in EFG stock.
b. Choice A: 10 call option contracts (for 100 shares each), with X = 50.
Choice B: 1,000 shares of EFG stock.
Answer:
Choice A
Explanation:
Remember, a bullish investor is one that is very optimistic as to the returns on investment despite the risk of such investments, and he goes for the biggest dollar profit investment option.
Thus, we note that among the listed investment options, the call options investment has the greatest profit potential this will be the first catch for a bullish investor.
Crane is a nonprofit organization that captures stray deer bewildered within residential communities. Fixed costs are $10000. The variable cost of capturing each deer is $10 each. Crane is funded by a local philanthropy in the amount of $54000 for 2020. How many deer can Crane capture during 2020?
Answer:
4,400 deer
Explanation:
Total fund received = Fixed cost + Variable cost
$54,000 = $10,000 + $10 × Variable cost
$44,000 = $10 × Variable cost
Therefore,
Variable cost = 4,400 deer
Honeycutt Co. is comparing two different capital structures. Plan I would result in 12,700 shares of stock and $109,250 in debt. Plan II would result in 9,800 shares of stock and $247,000 in debt. The interest rate on the debt is 10 percent. The all-equity plan would result in 15,000 shares of stock outstanding. Ignore taxes for this problem. a. What is the price per share of equity under Plan I
Answer: $47.50
Explanation:
The Price per share under Plan I can be calculated by the formula;
Price per share = Value of debt / (Number of shares under all-equity plan - Number of shares under Plan)
= 109,250 / ( 15,000 - 12,700)
= 109,250 / 2,300
= $47.50
Of the following efficient market hypotheses, researchers have stated that markets are somewhat efficient in the ____________ sense.
a) weak
b) semi-strong
c) semi-strong and strong
d) weak and semi-strong
Answer:
strong form
Explanation:
The efficient market hypotheses refers to a theory in which the prices of the assets depicts completely with respect to the information available
In this, the weak states that purchasing and the selling of the stock considered to be invalid also the stocks is either overvalued or undervalued. Also, it can be figure out with the fundamental analysis
The semi-strong states that it depicts all the information with related to the stock price also the investor could buy the stock but no benefit over and above could be taken
The strong states that all the information i.e. public or private with related to the stock price should be depicted also no profit should be considered if it is above the average investor even if the new information is also mentioned
Therefore this is a case of strong form
A company sells goods for $150,000 that cost $54,000 to manufacture. Which statement is true?
a. The company will recognize $96,000 gross profit on the balance sheet.
b. The company will decrease finished goods by $54,000.
c. The company will increase finished goods by $54,000.
d. The company will recognize sales on the balance sheet of $150,000.
Answer:
Option B is the correct answer.
Explanation:
The sale of finished goods worth $54000 for an amount of $150000 will require us to recognize a revenue of $150000 and a reduction in inventory of finished goods worth $54000.
Option a is incorrect as the gross profit is not recognized on balance sheet. The gross profit is an income statement item.
Option c is incorrect as the sale of finished goods will cause a reduction in the finished goods inventory for the amount of goods sold.
Option d is incorrect as the sale will be recognized in sales revenue on the profit and loss statement and not on the balance sheet as revenue is a profit and loss statement account.
Thus, option b is the correct answer as the sale of finished goods will be represented by a reduction in finished goods inventory by the cost of the goods sold which is $54000.
Which of the following statements is true about working in a CERT? A. CERT volunteers may be assigned to smaller teams for specific tasks. B. CERT teams are assigned based upon which team is on call that day. C. CERTs always operate as a single team. D. CERTs never operate as a single team; volunteers may be sent individually to assist others.
Answer:
D. CERTs never operate as a single team; volunteers may be sent individually to assist others.
Explanation:
CERT is a Community Emergency Response Team that educates volunteers about precaution and preparedness to take during hazards or disaster and train them in basic disaster response skills that includes light search, fire safety, medical operations, and rescue.
CERTs never operate as a single team and always sent volunteers individually to assist others, so that more people can learn about disaster management and if in case CERT team member is not available at that time of hazard, local people or people assisting them should know how to overcome the hazard situation.
Hence, the correct option is "D".
The statement i.e. true related to the CERT is D. CERTs never operate as a single team; volunteers may be sent individually to assist others.
The following information should be considered:
CERT is a Community Emergency Response Team that educates volunteers about precaution and preparedness to take during hazards or disaster and train them in basic disaster response skills that includes light search, fire safety, medical operations, and rescue. CERTs never operate as a single team and always sent volunteers individually to assist others, so that more people can learn about disaster managementLearn more: brainly.com/question/16911495
You win the million-dollar lottery and decide to quit working. How can you explain this decision using economics
Answer:
the income effect now groverns your behaviour as you demand more leisure and the opportunity cost of leisure goes down
Explanation:
In economics, the cost of opportunity refers to when one person or business chooses one advantage over another. When a person wins the lottery, the person's income increases. This increase in income motivates the person to choose more leisure at work. This means the person is ready to leave work for leisure. In this way, the potential cost of the holiday is reduced. And with an increase in a person's income, a person's purchasing power improves. Increasing purchasing power means the person seeks more rest. Therefore, choosing to retire at work with an increase in income indicates an income impact. Therefore, if a person decides to quit his job, that person's behavior will be controlled by the income effect.The president of Global Wholesalers would like to offer special sale prices to the firm's best customers under the following terms:______
1. The prices will apply only to units purchased in excess of the quantity normally purchased by a customer.
2. The units purchased must be paid for in cash at the time of sale.
3. The total quantity sold under these terms cannot exceed the excess capacity of the firm.
4. The net profit of the firm should not be affected.
5. The prices will be in effect for one week only.
Answer:
Correct Answer:
1. The prices will apply only to units purchased in excess of the quantity normally purchased by a customer.
Explanation:
This is because, the excess of the product purchased by the customer would be deemed eligible for special sales price. For example, Customer A use to purchase product B, 400 pieces each month.
In the month the sales prices started, he purchased 900 pieces of same product. Then, the special sales price would apply to 500 pieces of the product which was extra quantity he bought aside his regular quantity.
There are several economic explanations for why trade is so commonplace. Match each of the examples listed below with the economic concept that best explains the behavior or observation.
A. Swiss watch manufacturers producing high quality time pieces.
B. U.S. auto makers offering a great variety of makes and models of cars.
C. The ability of developing nations to export textiles to wealthier countries.
D. Doctors becoming experts in one type of medicine rather than becoming proficient in many areas.
E. Your economics professor paying a gardener to do work that he/she could do on their own.
1. Comparative Advantage
2. Specialization or Economies of Scale
Answer:
Explanation:
A. Swiss watch manufacturers producing high quality time pieces.
1. Comparative Advantage
B. U.S. auto makers offering a great variety of makes and models of cars.
2. Specialization or Economies of Scale
C. The ability of developing nations to export textiles to wealthier countries.
US auto makers manufacture on large scale so they have economies of scale . Moreover they are technically superior because of specialisation .
1. Comparative Advantage
wealthier nation too can export textile but that will be costlier so developing nation has comparative advantage of cheap labour.
D. Doctors becoming experts in one type of medicine rather than becoming proficient in many areas.
2. Specialization or Economies of Scale
E. Your economics professor paying a gardener to do work that he/she could do on their own.
1. Comparative Advantage
Professor can earn more by using his time as a professor so he has comparative advantage .
consider the following $1000 par value zeo coupon bonds the expect 1 year interest rate 2 years from no should be
Answer: 9.71%
Explanation:
The expected 1 year rate 2 years from now is given by;
[tex](1 + Rate_{2 years})^{2} * (1 + Rate_{1 year}) = (1 + Rate_{3 years})^{3}[/tex]
2 years rate = 8.20%
3 year rate = 8.7%
[tex](1 + Rate_{2 years})^{2} * (1 + Rate_{1 year}) = (1 + Rate_{3 years})^{3}[/tex]
[tex](1.082)^{2} * (1 + Rate_{1 year}) = (1.087)^{3}\\\\Rate_{1 year} = \frac{(1.087)^{3}}{(1.082)^{2}} - 1\\\\= \frac{1.284365503}{1.604588091037263424} - 1\\\\= 0.0971\\[/tex]
= 9.71%
As part of their sales training, the staff at Penny Stores is encouraged to build personal relationships with the store's patrons. Apart from receiving product training, the staff is taught to follow a scripted sales process wherein they must greet the customers, introduce themselves, and enquire about their purchase. They are also encouraged to engage in casual conversation with the customer. In a recent survey conducted by the marketing department, it was revealed that customers were dissatisfied with the level of service at Penny Stores. Which of the following, if true, best explains this situation?
A) Customers come to Penny Stores to make high-involvement purchases.
B) The training period for the staff is three weeks long.
C) Penny Stores offers an extensive range of consumer products.
D) Customers associate superior service with efficiency and not friendliness.
E) The staff at Penny Stores is friendly but not familiar.
Answer:
D) Customers associate superior service with efficiency and not friendliness.
Explanation:
In the given scenario of Penny Stores sales people are encouraged to build a relationship with the customer by following a scripted sales process.
They must greet the customer, introduce themselves and inquired about their purchase.
Staff are also encouraged to engage in casual conversation with customers.
The aim of this strategy is to create an atmosphere of friendliness.
However a survey conducted shows customers are dissatisfied.
It shows that customers do not appreciate the effort of staff at being friendly, but rather they prefer efficient service delivery.
Kate invests $500 at the beginning of each year for 12 years into a fund earning an effective annual interest rate of 5%. Interest is paid on the fund at the end of each year. Kate takes each interest payment and reinvests it in another fund earning a rate of 4%. Find the combined value of Kate's two funds at the end of year 12
Answer:
$7,888.55
Explanation:
we can prepare Katie's expected balance on her accounts:
end of year 1 = $500 x (1 + 5%) = $525
end of year 2 = $525 + [$525 x (1 + 4%)] = $1,071
end of year 3 = $525 + [$1,071 x (1 + 4%)] = $1,638.84
end of year 4 = $525 + [$1,638.84 x (1 + 4%)] = $2,229.39
end of year 5 = $525 + [$2,229.39 x (1 + 4%)] = $2,843.57
end of year 6 = $525 + [$2,843.57 x (1 + 4%)] = $3,482.31
end of year 7 = $525 + [$3,482.31 x (1 + 4%)] = $4,146.60
end of year 8 = $525 + [$4,146.60 x (1 + 4%)] = $4,837.47
end of year 9 = $525 + [$4,837.47 x (1 + 4%)] = $5,555.97
end of year 10 = $525 + [$5,555.97 x (1 + 4%)] = $6,303.21
end of year 11 = $525 + [$6,303.21 x (1 + 4%)] = $7,080.33
end of year 12 = $525 + [$7,080.33 x (1 + 4%)] = $7,888.55
Assume that at retirement you have accumulated $500,000 in a variable annuity contract. The assumed investment return is 6%, and your life expectancy is 15 years. What is the hypothetical constant-benefit payment?
Answer:
The hypothetical constant-benefit payment is $51,481.38.
Explanation:
This can be calculated using the formula for calculating the present value of an ordinary annuity as follows:
PV = P * [{1 - [1 / (1 + r)]^n} / r] …………………………………. (1)
Where;
PV = Present value accumulated retirement benefit = $500,000
P = Annual hypothetical constant-benefit payment = ?
r = investment return = 6%, or 0.06
n = life expectancy = 15
Substitute the values into equation (1) and solve for P, we have:
$500,000 = P * [{1 - [1 / (1 + 0.06)]^15} / 0.06]
$500,000 = P * [{1 - [1 / 1.06]^15} / 0.06]
$500,000 = P * 9.712248987741
P = $500,000 / 9.712248987741
P = $51,481.38
Therefore, the hypothetical constant-benefit payment is $51,481.38.