Answer:
Unemployed individuals are at a higher risk for depression, anxiety and other mental health issues than people with jobs
Explanation:
An economy produces three goods: cars, computers, and oranges. Quantities and prices per unit for years 2009 and 2010 are as follows:
2009 2009 2010 2010
Quantity Price Quantity Price
Cars 10 $2000 12 $3000
Computers 4 $1000 6 $500
Oranges 1000 $1 1000 $1
a. What is the nominal GDP in 2009 and in 2010? By what percentage does nominal GDP change from 2009 to 2010?
The nominal GDP increased by 60% from 2009 to 2010. The nominal GDP in 2009 can be calculated by multiplying the quantity of each good produced by its respective price and adding the results for each good.
For cars, the value in 2009 would be
10 * $2000 = $20,000
For computers, the value would be
4 * $1000 = $4,000
For oranges, the value would be
1000 * $1 = $1,000
Adding up the values for each good, the nominal GDP in 2009 would be $20,000 + $4,000 + $1,000 = $25,000.
The nominal GDP in 2010 can be calculated in the same manner.
For cars, the value in 2010 would be
12 * $3000 = $36,000
For computers, the value would be
6 * $500 = $3,000
The value of oranges would remain the same, at $1,000.
Adding up the values for each good, the nominal GDP in 2010 would be $36,000 + $3,000 + $1,000 = $40,000.
The percentage change in nominal GDP from 2009 to 2010 can be calculated by taking the difference between the two values and dividing by the value in 2009, multiplied by 100.
The change would be
($40,000 - $25,000) / $25,000 * 100 = 60%
So, nominal GDP increased by 60% from 2009 to 2010.
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A procedure in which the underwriter (investment bank) enters into a written agreement with the issuer of the securities to purchase the securities and then to resell them to the public is called _____ underwriting. 1. dutch auction2. prospectus3. seasoned equity offering4. firm commitment5. best efforts
A procedure in which the underwriter (investment bank) enters into a written agreement with the issuer of the securities to purchase the securities and then to resell them to the public is called D: "firm commitment" underwriting.
Firm commitment underwriting is a method of issuing securities in which an investment bank acts as the underwriter. The underwriter makes a firm commitment to purchase the securities from the issuer and then resell them to the public. This type of underwriting provides a guaranteed source of funds for the issuer and eliminates the risk of a failed sale, as the underwriter is responsible for selling the securities to the public.
However, this method also means that the underwriter takes on the risk of not being able to sell the securities and may be left with unsold securities, leading to potential losses. This method is typically used for large, established companies that need to raise significant funds.
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Corporations can be separated into two types :(a)Privately held (or closely held) corporation= does not offer its stock for public sale and usually has few stockholders.(b)Publicly held corporation= offers its stock for public sale and can have thousands id stockholders.True/False?
A private held corporation does not offer its stock for public sale and has fewer stakeholders than public corporation who offers its stock for public sale and may have thousands of shareholders is TRUE.
Private corporation has limited shareholders and is owned by its founders, management, or a group of private investors. Private corporation must rely on its own private funding since it cannot expect any external funding from public market.
Private corporation still can sell its limited shares without registering under the SEC and uses its share as the investor's attractions. However, private corporation does not have to prepare any disclosure statements to the SEC. Private corporation was chosen mostly to minimize tax bite.
Public corporation sell most of its shares to the public market with aims to raise its capital. While selling its shares on public market, public corporation will keep its ownership by keeping the biggest share proportion for its owner.
Public corporation also releases some bonds as a form of a public loan. Public corporation then has to pay the bonds and its interest. Bonds allow the public corporation to gain another funding income without risking its shares and ownerships.
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Why is Taking steps to protect your online reputation important?
susie has opted out of opening an escrow account with her mortgage lender, which means she has a lower monthly payment. she still needs to save up, though, to make sure she can pay for taxes and .
She still needs to save up, though, to make sure she can pay for taxes and insurance. Sales slips, paid bills, invoices, receipts, deposit slips, and cancelled cheques are examples of supporting documentation.
You can find the data you need to record in your books in these documents. These records should be preserved because they provide evidence for the entries made in your books and on your tax return. Salary professionals and employees must present investment proofs annually so that their company Sales can deduct the proper amount of TDS (Tax Deducted at Source). In India, employers are obligated to deduct TDS annually.
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The 1991 dissolution of the Soviet Union and the 2020 COVID-19 outbreak are both examples of which of the following types of events?
Options: 1. Black Swan. 2. Base of Pyramid. 3. Just-in-time. 4. Just-in-case
The dissolution of the Soviet Union in 1991 and the outbreak of Covid-19 in 2020 are both examples of Black Swan-type events. Here option 1 is the correct answer.
The most noteworthy instance of a black swan event prior to the COVID-19 outbreak was the Global Financial Crisis of 2008, which was brought on by the abrupt, catastrophic collapse of what had previously been a flourishing property market.
The development of the internet and the personal computer, the September 11 attacks, and World War I are examples of classic black swan occurrences. However, many other occurrences, like plagues, floods, and droughts, are either unlikely or unforeseen.
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Suppose that the demand and supply schedules for rental apartments in the city of Gotham are as given in the table below.
provided demand and supply schedule that the market reaches equilibrium at a monthly rent of $2000, where the number of apartments sought (Qd) and supplied (Qs) is equal to 12500 units.
Qd = 15000 units at $1500 per month rent.
The government must raise Qs to an identical level with Qd if it wants the equilibrium rent to be $1500 per month. The existing Qs equal 10,000 units at a rate of $1500 per month.
Qs must therefore be raised by (15000–10,000) or 5000 units in order to bring about market equilibrium. At each pricing level, the government must raise the Qs by 5000 units. In this manner, the supply curve for rental flats would move to the right, and equilibrium would be reached at a rate of $1500 per month.
Qd = 17,500 units and Qs = 7,500 apartments at a rent of $1,000 per month.
At every price level, Qs must be raised by (17500 - 7500) units, or 10000 units, in order to reduce the equilibrium rent to $1000.
Qd = 20,000 units and Qs = 5000 units at a $500 per month rent.
In order to cause the supply curve to move to the right and the equilibrium rent to rise to $500 per month, Qs of rental apartments must be increased by (20000-5000)=15000 units at each price level.
complete question:
Suppose that the demand and supply schedules for rental apartments in the city of Gotham are as given in the table below.
Monthly Rent $ Apartments Demanded Apartments Supplied
2500 10,000 15,000
2000 12,500 12,500
1500 15,000 10,000
1000 17,500 7,500
500 20,000 5,000
d. Suppose that the government wishes to decrease the market equilibrium monthly rent by increasing the supply of housing. Assuming that demand remains unchanged, by how many units of housing would the government have to increase the supply of housing in order to get the market equilibrium rental price to fall to $1500 per month? To $1000 per month? To $500 per month?
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which of the following has the greatest impact on how a person understands and acts in an organization?
The most significant influence on how someone perceives and behaves in an organization comes from how they employ expectations and beliefs to selectively filter sensory data.
Which behaviors are influenced by perception?How we see the people around us is influenced by our values, emotions, moods, and personalities, among other factors. Additionally, how we act will affect how the person we are engaging with behaves because it is influenced by how we see others. One of the things that skews our perspective is stereotyping.
What does selective perception have to do with organizational behavior?Selective perception occurs when a person only takes in the information they want to and ignores opposing viewpoints. It is an all-encompassing term to express how each person has a propensity to "see things" through the prism of their own particular frame of reference.
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OPEC was in the 1970's
TEAT अर्थात TERTS TAPI R The following information has been extracted from the purchase department of a c Minimum stock level in units.. Maximum stock level in units. ....... 800 ....... 2,800 ....... 130 Daily requirement of material in units.. Required lead time in days.. Required: Reorder level. ....... 15 200 units
Prior to using the safety stock, the minimum operational stock level (MOSL) represents the point of capital reduction at which products must be refilled.
How and why do we utilize buy?Additionally, when a noun form is required, you should use "buy," as in: We made a wise purchase when you obtained petrol before the price increased. Use "buy" for straightforward activities versus "purchase" for more transactions take place of money for products.
What is purchase definition in accounting?Procurement of goods and services, which exclude capital goods whose consumption is recorded as absorption of fixed capital, here include value of all commodities and services acquired during the accrual basis for selling or eating in the manufacturing process.
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which of the following likely caused demand to decrease for crude oil during the last recession? A. the price of oil substitutes decreased. B. the population decreased.C. the price of oil complements increased.D. consumer incomes decrease.
The following options that likely caused demand to decrease for crude oil during the last recession is C. the price of oil complements increased. It is because if the product is more expensive relative to other goods and the income effect is the decrease in quantity demanded.
In the term of business and financial economic, the substitution effect generally can be defined as one component of the effect of a change in the price of a good. The substitution effect is upon the amount of that good demanded by a consumer, the other being the income effect. One of the examples of substitutions effect is that if the yogurt prices rise and consumers respond by purchasing more milk.
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The proprietor of a men's shop contracted on May 1 with a wholesaler of shirts to buy 300 men's long-sleeve white cotton shirts for $4per shirt, or $1,200. The parties each signed a purchase order calling for delivery of the shirts to the proprietor's place of business and payment of the purchase price on July 1. Two days later, the wholesaler discovered that he had made a mistake in his price quote. He told the propri- etor that, unless the proprietor paid him $8 per shirt, or a total price of $2,400, he would not be able to deliver the shirts. The proprietor refused to pay anything more than $1,200. When the wholesaler failed to deliver the shirts on July 1, the proprietor purchased 300 comparable shirts for $8 per shirt and brought suit against the wholesaler for damages.What is the likely result of this lawsuit?(A) The wholesaler will prevail because he made a unilateral mistake.(B) The wholesaler will prevail because of the doctrine of mutual mistake.(C) The wholesaler will prevail if the propri- etor had reason to know on May 1 that the wholesaler made a mistake in quoting the price of $4 per shirt.(D) Theproprietorwillprevail.
When the wholesaler was sued by the proprietor, the wholesaler will prevail if the proprietor had reason to know on May 1 that the wholesaler made a mistake in quoting the price of $4 per shirt (C).
When the wholesaler and the proprietor have a contract, the contract can be annulled if one of the party make a unilateral mistake. Option C is correct because when one party makes a unilateral mistake regarding the basic assumption of a contract and the other party knew or had reason to know of the mistake, then the mistaken party is allowed to rescind the contract.
In this case, if the proprietor noticed that the different on price of shirt by $4 was made by the wholesaler, then the wholesaler can rescind the contract and will be prevail on the lawsuit charged to them.
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a merchant of an e-commerce website wants to accept credit cards as a form of payment. which of the following must the merchant follow to ensure safety of those payments?
PCI DSS must the merchant follow to ensure the safety of those payments. So a merchant of an e-commerce website wants to accept credit cards as a form of payment.
E-commerce or digital commerce is the trading of goods and offerings on the internet. it's miles your bustling metropolis center or brick-and-mortar keep translated into zeroes and ones on the net superhighway.
E-commerce (digital commerce) is the hobby of electronically shopping for or selling merchandise on online offerings or over the internet. E-commerce draws on technologies consisting of cellular trade, electronic budget switch, delivery chain control, net advertising and marketing, online transaction processing, digital records interchange (EDI), inventory control systems, and automatic data collection systems. E-trade is in flip driven by the technological advances of the semiconductor industry and is the largest sector of the electronics industry.
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A $1000-face-value 10-year bond has a 6% coupon rate, its current price is $980. a. What would be the price of this bond after one year if yield to maturity decreases to 3%. b. Continued from part a, calculate return for one-year investment, capital gain rate and current yield.
The price of the bond after one year would be $1056.48.
the return on the one-year investment would be 8.96%. the capital gain rate would be 7.82%. the current yield would be 6.12%.
The price of the bond after one year would be $1056.48.
Explanation:
The return is calculated as follows:
$1000*0.06+$980*0.03=$58+$29.40=$87.40
$87.40/$980=0.0896 or 8.96%
the return on the one-year investment would be 8.96%. the capital gain rate would be 7.82%. the current yield would be 6.12%.
Explanation:
The capital gain rate is calculated as follows: $1056.48-$980=$76.48 $76.48/$980=0.078163 or 7.82% The current yield is calculated as follows: $1000*0.06/$980=$60/$980=0.061224 or 6.12%
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Deflation refers to a period of falling average prices across an economy, which is a sign of economic trouble that goes hand-in-hand with very high unemployment. true or false
Deflation is defined as a period of starting to fall average cost throughout a financial system, that is indicator of economic difficulties and often occurs in conjunction with extremely high joblessness. This assertion is correct.
One disadvantage of communist rule, which again was embraced from some regions of the world in the 1900s, was indeed the incapability of individuals to reach basic decisions including where to collaborate or what they should buy.
Natural monopolies are free movement of goods in which one company supplies a commodity since this nature of such a good or service makes a single seller more effective than numerous different competing alternatives.
If the Fed lowers the margin requirements, a greater number of grants available.
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According to the inventionist theory, adolescence was not considered a distinct transitional period until:A. the publication of Seventeen magazine.B. the creation of child labor laws.C. the industrial revolution.D. It has always been recognized as a distinct part of development
According to the inventionist theory, adolescence was not considered a distinct transitional period until the C) industrial revolution.
The theory suggests that the concept of adolescence as a distinct period of development was created as a response to social, economic, and cultural changes brought about by the industrial revolution. Before the industrial revolution, children were expected to work and contribute to the family economy as soon as they were able.
However, with the rise of industrialization and the growth of the middle class, children were given more opportunities for education and leisure and were seen as having more potential for personal growth and development.
The concept of adolescence was created as a way to reflect this change and to provide a framework for understanding the new experiences and challenges that young people were facing.
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building customer awareness of the newcomer's product is very costly in the face of which of the following sources of barriers to entry?a) economies or scaleb) technological barriersc) administrative barriersd)government regulationse) brand loyalty
Correct alternative is brand loyalty.
Barriers to entry is an economics and enterprise time period describing factors that can forestall or hinder newbies into a market or enterprise sector, and so limit competition.
These can consist of excessive start-up costs, regulatory hurdles, or other boundaries that stop new competitors from without problems coming into a commercial enterprise sector.
What is a barrier to entry provide some examples?Barriers to entry are barriers that make it difficult to enter a given market. These hindrances may additionally consist of authorities law and patents, technological know-how challenges, start-up costs, or training and licensing requirements.
What is barrier and its types?Although the boundaries to high quality verbal exchange may also be special for distinctive situations, the following are some of the major barriers: Linguistic Barriers. Psychological Barriers. Emotional Barriers. Physical Barriers.
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https://brainly.com/question/2975624#SPJ4Match each investment classification with the proper accounting method. Accounting methods may be used more than once.1. Short-term held-to-maturity (HTM) debt securities : ___2. Long-term held-to-maturity (HTM) debt securities : ___3. Long-term held-to-maturity (HTM) debt securities : ___4. Trading debt securities : ___5. Equity securities with insignificant influence (both short-term and long-term) : ___6. Equity securities with significant influence : ___7. Equity securities with controlling influence : ___Answer ChooseConsolidation methodCost (without any discount or premium amortization)Fair (market)value (with adjustment to equity)Cost (with discount or premium amortization)Cost (with discount or premium amortization)value (with adjustment to income)
1) Short-term held-to-maturity (HTM) debt securities : reasonable market value with adjustment to income.
2) Long-term held-to-maturity (HTM) debt securities: Cost with a discount or premium amortization.
3) Long-term held-to-maturity (HTM) debt securities that are available for sale: reasonable market value with adjustment to equity.
4) Fair market value of debt securities traded with adjustment to income.
5) Equity securities with little influence (both short and long term): Cost without any discount or premium amortization
6) Significantly influential equity securities: Equity method
7) Controlling interest in equity securities: Consolidation method
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in order to train a logistic regression model, instead of minimizing rss, we find the weights that minimize the likelihood of the model. True or False
In logistic regression, some other method comes handy to work with imbalance distribution. This is to use class-weights in accordance with the classification distribution. Class-weights is the extent to which the algorithm is punished for any wrong prediction of that class.
Is logistic regression more often than not used for regression ?Logistic regression is one of the most popular Machine mastering algorithm that comes underneath Supervised Learning techniques. It can be used for Classification as well as for Regression problems, however primarily used for Classification problems.
The possibility characteristic is the probability that the located values of the based variable may be estimated from the located values of the independent variables. The probability varies from 0 to 1. The MLE is the cost that maximizes the chance of the determined data.
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https://brainly.com/question/28391630#SPJ4What is the value of a bond with a coupon rate of 6%, a par value of $1,000, maturing in 9 years, making semi-annual payments, if the appropriate discount rate is 8% per year?
The appropriate discount rate is 8% per year, the value of the bond would be lower than its par value of $1,000.
The value of a bond with a coupon rate of 6%, a par value of $1,000, maturing in 9 years, and making semi-annual payments, can be calculated using the present value formula. The present value of a bond is the sum of the present values of all future cash flows from the bond, discounted at the appropriate discount rate.
In this case, the semi-annual coupon payment is $30, which is 6% of the par value ($1,000 x 6% = $60, divided by 2 = $30). The present value of each coupon payment can be calculated as follows: $30 / (1 + 0.08/2)^(2n), where n is the number of semi-annual periods.
The present value of the final coupon payment in the 9th year can be calculated as $30 / (1 + 0.08/2)^(18), and the present value of the face value can be calculated as $1,000 / (1 + 0.08/2)^(18).
The sum of the present values of all coupon payments and the face value is the value of the bond.
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the 10k report includes . multiple select question. letter from the employees financial statements notes to the financial statements management discussion and analysis (md
The 10 k report includes: Management letter, Financial statements, Management discussion and Financial statement notes.
Hence, option (e) is correct choice.
Yes, a 10-K report is a thorough annual report mandated by the Securities and Exchange Commission (SEC) in the United States that offers a complete review of a company's financial performance, including financial statements and management discussion and analysis.
The following sections are frequently included in the 10-K report:
Management letter: This part gives a summary of the company's business activities, major accomplishments, and future objectives.
Financial statements: This section contains the balance sheet, income statement, and cash flow statement, as well as comments that give extra information about the company's financial situation and performance.
Management discussion and analysis (MD&A): This part includes a thorough examination of the company's financial performance, including a discussion of its operating results, liquidity, and capital resources.
Financial statement notes: This part contains thorough explanations and disclosures about the financial statements.
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The complete question may be:
The 10 k report includes:
(a) Management letter
(b) Financial statements
(c) Management discussion
(d) Financial statement notes
(e) All of the above
the knowledge and skills learned in business courses are seldom relevant to students who work for nonprofit organizations or volunteer groups. A) True B) False
The statement is True. The knowledge and skills learned in business courses are seldom relevant to students who work for nonprofit organizations or volunteer groups.
Commercial enterprise economics is an area in applied economics that makes use of monetary concepts and quantitative strategies to investigate business companies and the factors contributing to the range of organizational structures and the relationships of companies with labor, capital, and product markets.
Enterprise economics is a field of carried out economics that research the economic, organizational, market-related, and environmental troubles faced by businesses. commercial enterprise economics encompasses topics inclusive of the idea of scarcity, product factors, distribution, and intake. enterprise is likewise the efforts and activities of a person who is producing items or imparting offerings with the cause to sell them for earnings. commercial enterprise Definition. commercial enterprise refers to an enterprising entity or employer that contains professional sports. They can be business, commercial, or others.
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1. On the top of a memo, you should have; To, From, Date, and Subject. A. True B. False 2. There should be in letters. A. Your signature B. Your company's address or Letterhead C. Your reader's address D. All of the above 3. In a business block letter, you indent every paragraph, A. True B. False 4. A memo is an A. Internal Document (within your organization) B. External Document (outside your organization) 5. A letter is an A. Internal Document (within your organization) B. External Document (outside your organization)
1. The given sentence "On the top of a memo, you should have; To, From, Date, and Subject" is false because the truth is date, to, from, subject. (The answer is B).
2. There should be in letters: all of the above (your signature, your company's address or Letterhead, your reader's address). (The answer is D).
3. The given sentence "In a business block letter, you indent every paragraph" is false, because in busines block letter every paragraph is not indented. (The correct answer is B).
4. A memo is an internal document. (The correct answer is A).
5. A letter is an external document. (The correct answer is B).
A memorandum or memo serves many significant objectives. Bringing difficulties to light and assisting in a problem's resolution through clear and concise communication are two examples. Memos aid in decision-making and "assist (or occasionally persuade) a decision-maker to make a better decision in a given problem circumstance than he may otherwise have chosen without the analysis," according to one study. The briefing note can also be used for requesting something, answering a question, giving a proposal, presenting an informal report, suggesting a solution to a problem, or recording a reference for later use, among other things. Memo can be used to offer advice or make brief appeals.
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Since externalities tend to keep markets from reaching a socially optimal equilibrium, government action is always needed because private solutions can never be attained. is needed when private solutions fail to arise. will be needed only to correct for positive externalities. will be needed only to correct for negative externalities.
Option (b), Government intervention is required when private solutions are unable to materialize because externalities frequently prevent markets from achieving a socially optimal equilibrium.
Why does the need for government intervention arise when markets fail?Addressing issues with imperfect competition, external costs and benefits, and public goods that result in market failure is one of the responsibilities of the government. Government intervention in the market has a possibility to reduce deadweight losses and bring markets closer to workable solutions.
Why is market involvement by the government required?To encourage overall economic fairness, governments may also meddle in the markets. Increasing social welfare is one of the most popular and well-known justifications for government action. To do this, for instance, monopolies can be dismantled and negative externalities like pollution can be controlled.
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While the tactics used to execute marketing plans constantly evolve - for example, the emerging opportunities with digital marketing, artificial intelligence, social media, social influencers and mobile smartphone marketing are new tools still evolving - the strategies that lead to successful marketing plans have remained surprisingly consistent over time
The above statement is true.Although the approaches used to implement marketing plans are continuously changing, the strategies that lead to effective marketing.
Marketing is the process of identifying, creating, and delivering value to meet a target market's needs in terms of products and serviceshis may involve selecting a target market, running advertising campaigns, taking part in trade shows and public events, designing products and packaging that appeal to consumers, and defining the terms of sale, such as the price, discounts, warranty, and return policy. Marketing is the responsibility of the seller, who is frequently a retailer or manufacturer. On occasion, tasks are contracted.plans have stayed surprisingly similar throughout time (for instance, the emerging opportunities with digital marketing, artificial intelligence, social media, social influencers, and mobile smartphone marketing are new tools still evolving).
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Suppose that an oil well is expected to produce 100,000 barrels of oil during its first year in production. However, subsequent annual production is expected to decrease by 10% relative to each previous year's production. It is estimated currently that this oil well has a "proven" reserve of one million barrels, and the cost to produce this oil is $20 per barrel. We can assume that all of the oil that is produced is sold immediately.a) If the price of oil is assumed to be $60 per barrel for the foreseeable future, what is the present worth of the anticipated revenues over the next seven years using an interest rate of 12% compounded annually? (Hint: Revenues = Price times Quantity)
The present worth of the anticipated revenues over the next seven years would be $2,782,974.
This is calculated by multiplying the price of oil ($60) by the expected quantity of oil produced in each year and then discounting each year's revenue by the interest rate of 12% compounded annually.
The calculation is as follows:
Year 1: 100,000 * $60 = $6,000,000 Year 2: 90,000 * $60 = $5,400,000 Year 3: 81,000 * $60 = $4,860,000 Year 4: 72,900 * $60 = $4,374,000 Year 5: 65,610 * $60 = $3,936,600 Year 6: 59,049 * $60 = $3,542,940 Year 7: 53,144 * $60 = $3,188,640Discounted Present Worth: $2,782,974
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owner's equity is increased by group of answer choices cash revenue accounts receivable all are correcta. TRUEb. FALSE
Owner equity increases in value when the owner or owners increase the amount of their capital commitment. Owner's equity could potentially increase as a result of higher sales or fewer expenses. option d is the correct answer.
Your net worth is calculated after deducting all liabilities from your assets. The impact of investments, withdrawals, gains, and losses is also possible. Because they factor in the owner's equity, withdrawals reduce equity.
The owner's equity grows as they invest, and it shrinks when they withdraw money. Each transaction has an impact on one or more variables in the accounting equation, causing them to grow or shrink.
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The complete question is-
owner's equity is increased by
a. cash
b. revenue
c. accounts receivable
d. all are correct
In which of the following circumstances are competitive pressures associated with the bargaining power of buyers not relatively strong?
A) When buyer demand is growing rapidly
B) When buyers are relatively well informed about sellers’ products, prices, and costs
C) When buyers pose a major threat to integrate backward into the product market of sellers
D) When sellers’ products are weakly differentiated, making it easy for buyers to switch to competing brands
E) When buyers have considerable discretion over whether and when they purchase the product
The following situations are examples of how decreased buyer bargaining power might provide obstacles to the competition:
(A) When consumer demand is escalating quickly.
What is bargaining power?The ability of parties to exert influence over one another during a negotiation, contract negotiation, or agreement-making process is known as bargaining power.
In a discussion where both sides are on an equal footing, they will have the same amount of bargaining power, as would occur in a market with the perfect competition or between two equally powerful monopolies.
Game theory, labor economics, collective bargaining agreements, diplomatic talks, the resolution of legal disputes, the cost of insurance, and any negotiation, in general, are a few areas where the idea of bargaining power has proven essential to rational understanding.
Competition challenges linked to weaker bargaining power among purchasers include the following situations:
(A) When consumer demand is escalating quickly.
(B) When consumers are reasonably well-informed about the goods, costs, and prices offered by vendors.
(D) When a seller's items lack substantial differentiation, allowing customers to quickly switch to other brands.
(E) When customers have a lot of freedom in deciding whether and when to acquire the product.
Therefore, the following situations are examples of how decreased buyer bargaining power might provide obstacles to the competition:
(A) When consumer demand is escalating quickly.
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Assume a coundry prodrice apple and mango with inputs of labor.
The country has 1,000 hours of
Labor available. An apple requires
0.5 hour of labor. While a mango
requires 5 hours of labor.
Construct the country production-
possibility frontier. Use this
PPF to explain the concept
of production efficiency.
The Production Possibility Frontier (PPF) for the given situation can be represented as follows:
Apples (units) | 0 | 200 | 400 | 600 | 800 | 1000
Mangoes (units) | 1000 | 800 | 600 | 400 | 200 | 0
What is Production Possibility Frontier ?Generally, The PPF illustrates the maximum amount of apples and mangoes that can be produced when the given amount of labor (1000 hours) is used efficiently. It also implies that any combination of apples and mangoes that lie outside of the PPF (e.g. 1200 apples and 500 mangoes) is not achievable given the limited amount of labor.
The concept of production efficiency is illustrated by the PPF. To achieve production efficiency, the country should produce goods at the maximum level possible given the resources available. That is, the country should produce the combination of goods that lies on the PPF. This would be the most efficient use of the country's available labor and would result in the maximum level of production.
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An effective operations management effort must have a ___ so it knows where it's going and a ____ so it knows how to get there
Effective operations management requires a mission to know where you are going and a strategy to know how to get there.
The operations management team seeks to balance costs and revenues in order to achieve the highest possible net operating profit.
Operations management is concerned with converting materials and labor into goods and services as efficiently as possible.
Corporate operations management professionals seek to balance costs and revenues in order to maximize net operating income.
Operations management includes the use of resources from people, materials, equipment, and technology. Operations managers acquire, develop, and deliver products to customers based on customer needs and company capabilities.
Operations management deals with a variety of strategic issues, such as determining the size of production facilities, determining project management methods, and building information technology networks.
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