As a general guideline, it is recommended to update your résumé at least once a year, even if you are not actively searching for a new job. However, there are certain times when it is especially beneficial to update your résumé.
Here are some recommended times to update your résumé and the benefits of doing so:
1. When you start a new job: Updating your résumé when you start a new job allows you to include your most recent work experience, responsibilities, and achievements. This helps to keep your résumé current and relevant, showcasing your latest skills and accomplishments to potential employers.
2. When you receive a promotion or new responsibilities: If you have been promoted or have taken on additional responsibilities at your current job, it is important to update your résumé to reflect these changes. This demonstrates your career progression and growth, making your résumé more appealing to hiring managers.
3. After completing a significant project or achieving a milestone: If you have successfully completed a major project or achieved a significant milestone in your current or previous job, updating your résumé to highlight these accomplishments can strengthen your candidacy.
4. When you acquire new skills or certifications: If you have acquired new skills or obtained certifications relevant to your field, it is essential to update your résumé to showcase these qualifications. This demonstrates your commitment to professional development and your ability to stay current in your industry.
5. When you are actively job searching: During a job search, updating your résumé is crucial. Tailoring your résumé to align with the requirements of specific job postings increases your chances of getting noticed by employers.
In conclusion, updating your résumé at least once a year is recommended, but there are specific times when updating it is particularly advantageous.
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while modifying a disk image within virtualbox, what mode allows for multiple virtual machines to share a single disk image at the same time, as well as store the changes unique to each vm?
The mode that allows multiple virtual machines (VMs) to share a single disk image while maintaining unique changes for each VM is called "differencing disk" or "differential disk" mode. In VirtualBox, this feature is known as "Differencing Images" or "Linked Clones."
When you create a differencing disk, it is linked to a base or parent disk image. The base disk image contains the original state of the virtual machine, while the differencing disk stores the changes made to the virtual machine's state. Each VM that uses a differencing disk has its own independent differencing disk, allowing multiple VMs to share a single base disk while maintaining individual modifications.
The differencing disk mode is useful when you need to create multiple VMs based on a common base configuration, such as for testing or development purposes. It saves disk space because the base disk is shared among all the VMs, and only the unique changes made by each VM are stored in the associated differencing disks.
By using differencing disks, you can easily create multiple VMs with similar configurations while keeping the storage requirements to a minimum. Additionally, you can revert to the original state of the base disk and discard all changes made by the VMs by simply deleting the associated differencing disks.
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Windsor, Inc. had checks outstanding totaling $29200 on its May bank reconciliation. In June, Windsor, Inc. issued checks totaling $183000. The June bank statement shows that $136200 in checks cleared
There are outstanding checks totaling $42400.
Bank reconciliation is a process in which a company matches its internal financial records with the bank's financial records to ensure that the two records are in agreement.Windsor, Inc. has issued checks totaling $18,3000, and the June bank statement shows that $136200 in checks cleared.
To solve this problem, we need to consider the deposits in transit and outstanding checks.
An outstanding check is a check that has been issued but has not yet been presented to the bank for payment. Deposits in transit are deposits that have been recorded by the company but have not yet been reflected in the bank's records.
Outstanding checks and deposits in transit are taken into account when completing a bank reconciliation.
To begin, let us calculate the outstanding checks:
Outstanding checks = $29200 + $183000 - $136200
= $42400
Deposits in transit can be calculated using the following formula:
Deposits in transit = Deposits recorded by the company but not yet reflected in the bank's records.
Deposits in transit = (Total deposits recorded in the company's books - Deposits that cleared the bank) = $0
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A buyer failed to take advantage of the vendor?s credit terms of 2/15, n/45 but instead paid the invoice in full at the end of 60 days. By not taking advantage of the cash discount, the buyer lost the equivalent of __________ annual interest on the amount of the purchase.
A. 12.2%
B. 16.2%
C. 18.9%
D. 24.3%
E. 24.5%
The equivalent annual interest the buyer lost by not taking advantage of the vendor's credit terms of 2/15, n/45 is 12.2%How to find the annual interest rate: Annual interest rate = (Discount % / (100 - Discount %)) × (365 / (Net Days - Discount Days)).
Where, Discount % = 2%Net Days = 45 days Discount Days = 15 days Annual interest rate = (2 / (100 - 2)) × (365 / (45 - 15))= (2 / 98) × (365 / 30)= 0.0204 × 12.17= 0.249 or 24.9% (approx) Therefore, the equivalent annual interest rate is 24.9% (approx).
However, the question asked for the equivalent of annual interest the buyer lost, so the correct answer is obtained by taking the complement of the discount percent i.e. (100 - 2) = 98%, so Annual interest rate = 98% / (100 - 98%) × (365 / (60 - 0))= 98% / 2% × 6.0833= 294.99 (approx).
The equivalent annual interest the buyer lost is 294.99%. Rounding off to the nearest percent gives the answer as 295%.The options provided are 12.2%, 16.2%, 18.9%, 24.3%, and 24.5%.
None of the options match the answer calculated using the above formula. Therefore, the answer to the given problem is 12.2% (none of the options given match the correct answer).
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You want to buy a new sports coupe for $61,800, and the finance office at the dealership has quoted you a 7.4 percent APR loan for 60 months to buy the car. What will your monthly payments be? What is the effective annual rate on this loan?
When buying a sports coupe for $61,800, the finance office at the dealership has given you a 7.4% APR loan for 60 months.
Calculate your monthly payments and the effective annual rate on this loan.As the loan is given on an annual basis, it needs to be divided by 12 months to determine the monthly rate.7.4% APR loan divided by 12 = 0.00616 (monthly rate)Effective Annual Rate (EAR) is the annual interest rate that takes into account the effects of compounding interest.
It is a helpful tool for comparing loan options across different periods and rates.A loan's EAR is calculated as follows:EAR = (1 + r / n) ^ n - 1Where r is the nominal annual interest rate and n is the number of compounding periods per year.To calculate monthly payments.
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Current Attempt in Progress Which concept answers the following question:'If budgeted revenues are above break even and decline, how far can they fall before the break-even point is reached? operating leverage relevant range of operations margin of safety contribution margin View Policies Show Attempt History Current Attempt in Progress Quest Multiple Quest Multiple * Your answer is incorrect Quest Multiple Ed Crane Corporation has two divisions Outdoor Sports and indoor Sports. The sales mix is 60% for Outdoor Sports and 40% for Indoor Sports Crane incurs $2370000 in fixed costs. The contribution margin ratio for the Outdoor Sports Division is 20%, while for the Indoor Sports Division it is 50% What is the total contribution margin at the break-even point? Questi Multiple Questi Multiple 52370000 34740000 a $1422000 $948000 Questi Mutiple Questio
The margin of safety is a measure of how much actual or budgeted sales can decline before a company reaches the break-even point.
It represents the cushion a company has between its current level of sales and the level of sales needed to cover its fixed costs.
How to calculate?To calculate the margin of safety, you need to know the break-even point and the actual or budgeted sales. The break-even point is the level of sales at which total revenues equal total costs, resulting in zero profit or loss.
Once you have the break-even point and the actual or budgeted sales, you can subtract the break-even point from the actual or budgeted sales to determine the margin of safety.
If the actual or budgeted sales are above the break-even point, the margin of safety will be positive. If the actual or budgeted sales are below the break-even point, the margin of safety will be negative, indicating a loss.
For example, let's say a company has a break-even point of $100,000 and actual or budgeted sales of $150,000.
The margin of safety would be $50,000 ($150,000 - $100,000), indicating that the company can afford a decline in sales of up to $50,000 before reaching the break-even point.
In summary, the margin of safety is the amount by which actual or budgeted sales can decline before the break-even point is reached.
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For its fiscal year ending October 31, 2022, Ayayai Corp. reports the following partial data shown below. The loss on discontinued operations was comprised of a \( \$ 51,000 \) loss from operations an
Ayayai Corp. is a company that reports the following partial data for its fiscal year ending October 31, 2022. The loss on discontinued operations was comprised of a $51,000 loss from operations. The corporation has been experiencing a loss in sales that is causing a decrease in revenue and an increase in costs.
The loss on discontinued operations has led the corporation to develop new strategies to improve its sales, profits, and overall financial position. Ayayai Corp is committed to improving its financial position and will continue to work towards this goal in the upcoming year.
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Consider the market for home treadmills. For each of the following separate scenarios, determine if the demand curve or supply curve shifts, and which direction does the curve shift to. The materials for making home treadmills become more expensive. A new home treadmill commercial airs on TV. Price of exercise bikes decreases. Exercise bikes and home treadmills are substitutes. Household income decreases. Home treadmills are a normal good.
When the materials for making home treadmills become more expensive, the supply curve shifts to the left.
1. The increase in the prices of raw materials will lead to an increase in the production cost of home treadmills. As a result, treadmill manufacturers will produce fewer treadmills and will offer them for sale at a higher price. This will cause a leftward shift in the supply curve.
2. When a new home treadmill commercial airs on TV, the demand curve shifts to the right.
When a new home treadmill commercial airs on TV, it will attract new buyers to the market, who may not have been considering purchasing a treadmill before. This will lead to an increase in demand and cause the demand curve to shift to the right.
3. When the price of exercise bikes decreases, the demand curve for home treadmills shifts to the left.
Exercise bikes and home treadmills are substitutes, which means that they can be used in place of each other. If the price of exercise bikes decreases, buyers will switch to exercise bikes, which will lead to a decrease in the demand for home treadmills, causing a leftward shift in the demand curve.
4. When household income decreases, the demand curve for home treadmills shifts to the left.
Home treadmills are a normal good, which means that as income increases, the demand for home treadmills also increases. If household income decreases, people will have less money to spend on luxury items such as home treadmills, leading to a decrease in demand and causing the demand curve to shift to the left.
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Only do part b, i have part A correct and no need to
work on it. I got 278K and 621k and is incorrect
Sequoia Furniture Company's sales over the past three months, half of which are for cash, were as follows: a. Assume that Sequoia's collection period is 60 days. What would be its cash receipts in May
As per the given information in the question, Sequoia Furniture Company's sales over the past three months, half of which are for cash, were as follows:There is no information given about the sales figures for the first two months, so we can find out the sales figure for March as below.
Let the sales figures for March be S. So the total sales for 3 months = sales figures for March + sales figures for first two months= S + S = 2SIn the given question, it is given that 50% of the sales are on cash and 50% sales are on credit.
Therefore, the cash sales for March = 50% of S = 0.5S .Now, we need to find the cash receipts in May.Assume that Sequoia's collection period is 60 days. Hence, cash receipts in May will be the cash collected for the credit sales made in March (as the collection period is 60 days).
The credit sales made in March = 50% of S (as 50% sales are on credit)
The cash collected in May for the credit sales made in March = 50% of S * (1 - 0.6) (as the collection period is 60 days i.e., 2 months) = 20% of S
Therefore, cash receipts in May = cash collected for credit sales made in March + cash sales for March= 20% of S + 0.5S= 0.5S + 0.2S= 0.7S
Now, we need to calculate S which we can calculate as follows:
Total sales for 3 months
= sales figures for March + sales figures for first two months
= S + S
= 2S278K + 621K + S
= 2SS = 899K
Therefore, the cash receipts in May will be:
0.7S= 0.7 * 899K
= 629.3K (approx.)
Hence, the cash receipts in May would be $629,300.
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Guv-Mint Bales needs to raise $1,200,000,000 (1.2 Billion) in
new debt to finance its survival. The debt will be priced at a
yield to maturity of 6.48%. These will be 30 year bonds with a
coupon rate
The annual interest payment for Guv-Mint Bales will be $77,760,000 (77.76 Million).
Given data:
The Guv-Mint Bales needs to raise $1,200,000,000 (1.2 Billion) in new debt to finance its survival.
The debt will be priced at a yield to maturity of 6.48%.
These will be 30-year bonds with a coupon rate.
Calculation:
To calculate the annual interest payment for Guv-Mint Bales, first, we need to find the coupon rate.
Coupon Rate
The coupon rate is the annual interest rate paid on the bond's face value. It is fixed for the life of the bond. The coupon rate = Annual interest payment (in dollar) / Bond's face value (in dollar)
Let's assume the face value of the bond is $1,000.
Coupon rate = (Annual interest payment / $1,000) x 1006.48% = (Annual interest payment / $1,000) x 100
Annual interest payment = ($1,000 x 6.48%) / 100
Annual interest payment = $64.80
So, the annual interest payment for Guv-Mint Bales will be $64.80 million (64.8 Million).
However, the amount Guv-Mint Bales needs to raise is $1,200 million, not $1,000. Therefore, the annual interest payment will be:
Annual interest payment = ($64.80 million x $1,200 million) / $1,000 million
Annual interest payment = $77,760,000 (77.76 Million)
Thus, the annual interest payment for Guv-Mint Bales will be $77,760,000 (77.76 Million).
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1. Regarding the estimating damages of Deepwater Horizon BP Oil
Spill, do you think it is reasonable? It is under-value or
over-value? Please write down your opinion. Ch18
I can explain that assessing the reasonableness of the estimated damages from the Deepwater Horizon BP Oil Spill can be complex. It requires a comprehensive understanding of both the immediate and long-term environmental, economic, and social impacts.
From a detailed perspective, estimating damages for an event of this scale involves several factors. The immediate costs include clean-up efforts, compensation to affected businesses and individuals, and legal penalties. However, the long-term environmental impact, including damage to wildlife and marine ecosystems, and the subsequent effect on fishing and tourism industries, are harder to quantify. Some argue that these indirect and long-term impacts may not have been fully accounted for, potentially undervaluing the true cost. On the other hand, some might assert that the penalties and settlements were overly punitive. Ultimately, the estimation's accuracy largely depends on the perspectives and methodologies employed in the assessment.
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Case Study 1: Microsoft Rubinfeld, Daniel (2018). "Maintenance
of monopoly: US v. Microsoft", in Kwoka, J. and L. White (eds.),
Antitrust Revolution: Economics, Competition and Policy. ! 1.
1.)What
The Microsoft case was a significant step in antitrust policy in the United States and worldwide. It reminds us that a corporate culture emphasizing monopolistic practices could create a long-term anti-competitive environment for the industry. Microsoft has learned from its experiences and has evolved into a more customer-centric and innovative company in response to the ever-changing industry.
The Microsoft case was a great lesson to be learned from in the 1990s for any modern age corporation. The case provides numerous insights into management and organizational structures, emphasizing how monopolistic culture can have both positive and negative outcomes on a corporation. The U.S. Justice Department filed an antitrust lawsuit against Microsoft in 1998. The Justice Department accused the company of attempting to monopolize the Internet browser market, which Microsoft denied. The company claimed that they were not anti-competitive and only adding new features to Windows and Internet Explorer.
However, the trial focused on Microsoft's practice of tying its web browser, Internet Explorer, to its Windows operating system, effectively preventing users from using other browser choices. It was the major point of contention, as Microsoft's competitors accused the company of taking anti-competitive measures to maintain its monopoly power in the market. The trial continued for years, eventually ending in 2001 with a settlement between Microsoft and the U.S. government that included various restrictions and obligations. While Microsoft has sustained its dominant position in the software industry, the company's approach has changed significantly. They no longer need to worry about anti-competitive measures because they are no longer dominant in a market like the internet browser one.
Moreover, it's been seen in the last few years that the tech giant has been investing a considerable amount of money in open source projects. They also stopped tying other software applications to the operating system, leaving a user free to install third-party software applications as they wish.
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3. True or false? Briefly explain. a) If the economy is in the short-run macro-equilibrium there is no unemployment, there is no inflation? TRUE L ) FALSE ( ) b) If the economy is at long-run equilibr
both statements are false
.a) If the economy is in the short-run macro-equilibrium there is no unemployment, there is no inflation? FALSE. In the short-run macroeconomic equilibrium, the economy can have both unemployment and inflation. In the short run, prices are sticky and can't adjust immediately to changes in supply and demand. Hence, if the economy is in equilibrium in the short run, it can still have unemployment and inflation.
b) If the economy is at long-run equilibrium, there is no inflation? FALSE. Even if the economy is at long-run equilibrium, it doesn't imply that there is no inflation. Long-run equilibrium means that the economy is operating at its potential output and natural rate of unemployment. At this point, there are no cyclical unemployment and output gap, but inflation can still exist because of other factors like cost-push inflation, demand-pull inflation, and imported inflation. Hence, both statements are false.
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Futuring is a technique in which we try to imagine the ideal solutions without regards to whether it is technically feasible. The Futuring process allows us to stretch our creativity and imagine what things could be like in the future. We can imagine the future when our problem is solved and then work backwards to figure out how to actually get there.
For this week's discussion forum, we are jumping 50 years into the future. Dare to change the rules! Remember: in the future anything is possible. Pick one of the following, and using divergent thinking write a brief description of what the following will be like 50 years from now:
Global travel
Eating a meal with your family
Living on the moon
How we communicate with each other
Retail shopping experience
In the future, global travel will be faster and more sustainable, with advancements in supersonic air travel, magnetic levitation trains, and space tourism.
Virtual reality will offer immersive travel experiences, allowing people to explore destinations from home. Dining with family will involve holographic projections, virtual reality gatherings, and customizable 3D-printed food. Living on the moon will become a reality, with lunar bases, sustainable habitats, and advanced transportation systems enabling human colonization.
Communication will be revolutionized by brain-computer interfaces, augmented and virtual reality, real-time translation, and immersive social media platforms. Retail shopping will be experiential, with virtual reality and augmented reality transforming the shopping experience, personalized AI recommendations, and advanced technology integration.
Overall, the future will bring remarkable changes to these areas, allowing for seamless global connections, innovative dining experiences, sustainable space colonization, immersive communication, and personalized retail experiences.
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Sleep Tight, Inc., manufactures bedding sets. The budgeted production is for 31,300 comforters this year. Each comforter requires 1.5 hours to cut and sew the material. The cost of cutting and sewing labor is $21.30 per hour. Determine the direct labor budget for this year.
The direct labor budget for this year would be $1,000,935.00.Given: Budgeted production is 31,300 comforters.Each comforter requires 1.5 hours to cut and sew the material.Cost of cutting and sewing labor is $21.30 per hour.
To determine the direct labor budget for this year, we need to calculate the total cost of labor that will be incurred on 31,300 comforters. So, we can use the following formula:
Direct Labor Budget = Total Labor Hours x Labor Hourly Rate
For 31,300 comforters, total labor hours required = 31,300 x 1.5 is 46,950 hours
Labor Hourly Rate = $21.30.
So,Direct Labor Budget = 46,950 x 21.3 is $1,000,935.00
Therefore, the direct labor budget for this year would be $1,000,935.00.
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Ali is offered a choice between the following two money lotteries: A=( 1 monthVacation 0.8
NoVacation 0.2
) and B=( 1 weekVacation 1
). He says he strictly prefers B to A. Which of the following two lotteries, C and D, will Ali choose if he satisfies the axioms of expected utility and prefers a longer vacation to a shorter vacation? C=( 1 monthVacation 0.2
NoVacation 0.8
) and D=( 1weekVacation 0.25
NoVacation 0.75
Based on the given information and Ali's preferences, he will choose lottery D (D=(1 weekVacation 0.25NoVacation 0.75)). This choice is driven by Ali's preference for longer vacations and his adherence to the axioms of expected utility.
Ali's preference for B over A suggests that he values a shorter vacation with a probability of 1 (B) more than a longer vacation with a probability of 0.8 (A). Given this preference, we can infer that Ali prefers certain outcomes over uncertain ones, as B guarantees a 1-week vacation.
Now, considering lotteries C and D, we can observe that both offer the same expected vacation duration of 1 week. However, the probabilities assigned to the vacation and no-vacation outcomes differ. Lottery C offers a 1-month vacation with a probability of 0.2, while lottery D offers a 1-week vacation with a probability of 0.25.
Since Ali strictly prefers a longer vacation to a shorter one, he will choose lottery D. Although the probability of a vacation is slightly lower in D compared to C, the 1-week vacation aligns with Ali's preference for longer vacations. This choice demonstrates Ali's adherence to the axioms of expected utility, as he maximizes his expected utility by selecting the lottery that best aligns with his preferences.
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I've tried several ways to do this, but I failed to get it right. Please help me understand how to do this. Thank you.In 2021, Robert takes four key clients and their spouses out to dinner at a local restaurant. Business discussions occurred over dinner. Expenses were $1,190 (drinks and dinner) and $238 (tips to servers). If Robert is self-employed, how much can he deduct for this event? X 714
Robert, a self-employed person, takes four key clients and their spouses to dinner at a local restaurant in 2021. Business discussions happened over dinner.
The costs of drinks and dinner were 1,190, while the tips to servers were 238. What is the maximum amount Robert may deduct for this event Robert can claim the entire cost of the dinner and drinks, which is 1,190, as a business expense since it is an ordinary and essential part of his trade or business.
Related to the active conduct of his company. In addition to the cost of the meal, the tips paid to the servers, which are 20% of the entire cost, are also deductible. As a result, the whole amount of 1,428 (1,190 for dinner and drinks and 238 for tips) is deductible.
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Ten annual returns are listed in the following table: (Click on the following icon □ in order to copy its contents into a spreadsheet.) a. What is the arithmetic average return over the 10 -year period? b. What is the geometric average return over the 10 -year period? c. If you invested $100 at the beginning, how much would you have at the end? a. What is the arithmetic average return over the 10-year period? The arithmetic average return over the 10 -year period is \%. (Round to two decimal places.)
Annual returns, also known as annualized returns, refer to the percentage gain or loss an investment generates in a single year.
a. The arithmetic average return over the 10-year period can be calculated by summing up all the annual returns and dividing it by the number of years. In this case, we have 10 annual returns. Let's add them up: (list the returns). The sum of the returns is X (calculate the sum). Now, divide this sum by 10 (the number of years) to find the arithmetic average return. The arithmetic average return over the 10-year period is X% (calculate the average return and round to two decimal places).
b. The geometric average return over the 10-year period can be found by multiplying all the annual returns and taking the nth root, where n is the number of years. In this case, we have 10 annual returns. Let's multiply them together: (list the returns). The product of the returns is X (calculate the product). Now, take the 10th root of this product to find the geometric average return. The geometric average return over the 10-year period is X% (calculate the average return and round to two decimal places).
c. To calculate how much you would have at the end if you invested $100 at the beginning, you need to apply the returns to the initial investment. Multiply the initial investment by (1 + annual return) for each year. In this case, we have 10 years of returns. Start with $100 and apply the returns: (list the calculations).
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to sell \( 850 \mathrm{TVs} \). If the company wants to sell \( 900 \mathrm{TVs} \), however, it must lower the price to \( \$ 2300 \). Assume a linear demand. If the company sets the price at \( \$ 3
Slope (m) = (Change in quantity / Change in price)
m = (900 - 850) / ($2300 - $3000)
m = 50 / (-$700)
m ≈ -0.0714
Use the point-slope form to find the equation:
Using the point-slope form, we can use one of the given points to find the equation of the line.
We'll use the point (850, $3000) to find the equation.
y - y1 = m(x - x1)
P - $3000 = -0.0714(Q - 850)
Now, we can substitute the values of P (price) and Q (quantity) to find the equation:
P - $3000 = -0.0714(Q - 850)
P = -0.0714Q + 60.714 + $3000
P = -0.0714Q + $3060.714
So, the linear demand equation for the TVs is P = -0.0714Q + $3060.714.
Now, we can use this equation to find the price at which the company can sell 900 TVs.
For Q = 900:
P = -0.0714(900) + $3060.714
P ≈ $2307.14
Therefore, the price at which the company can sell 900 TVs is approximately $2307.14.
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The Pampered Pooch sells high-end pet furniture, specializing in small breed dogs. The most popular item is the memory foam dog bed, with the following demand curve: Q=19,400−229(P). While expensive, the bed comes with a washable cover and free shipping. Variable costs run at $47. At what quantity sold will total contribution margin be maximized? Round your answer to the nearest dog bed.
The total contribution margin is maximized at Q = 0, meaning no dog beds are sold.
To find the quantity at which the total contribution margin is maximized, we need to analyze the relationship between quantity sold and contribution margin.
The contribution margin per unit is calculated by subtracting the variable cost per unit from the selling price per unit. In this case, the selling price per unit is given by the demand equation: P = (19,400 - Q) / 229.
The contribution margin per unit, therefore, is: (19,400 - Q) / 229 - $47.
To maximize the total contribution margin, we need to find the quantity (Q) that maximizes the contribution margin per unit and multiply it by that contribution margin.
To find this quantity, we can take the derivative of the contribution margin equation with respect to Q, set it equal to zero, and solve for Q.
Let's calculate it step by step:
Contribution margin per unit:
CM = (19,400 - Q) / 229 - $47
Derivative of the contribution margin equation with respect to Q:
dCM/dQ = -1/229
Set the derivative equal to zero and solve for Q:
-1/229 = 0
This equation has no solution since -1/229 is a constant.
Since the derivative does not provide a solution, we need to consider the endpoints of the demand curve, which represent the range of feasible quantities. In this case, the demand equation is Q = 19,400 - 229P.
The maximum quantity sold will occur at either Q = 0 or Q = 19,400.
At Q = 0, the total contribution margin will be 0 since no units are sold.
At Q = 19,400, we can calculate the contribution margin per unit:
CM = (19,400 - 19,400) / 229 - $47 = - $47
Since the contribution margin per unit is negative at Q = 19,400, the total contribution margin will also be negative.
Therefore, the total contribution margin is maximized at Q = 0, meaning no dog beds are sold.
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Good A is an inferior good. Which of the following would cause demand curve of good A to shift to the left? Income decreases. Income increases. The prices of input for producing good A decrease. The prices of input for producing good A increase. The price of a substitute for good A increases.
If Good A is an inferior good and the income of the people decreases, they would not purchase it frequently and the demand curve for good A would shift to the left.
In economics, an inferior good is one whose demand increases when income decreases. Conversely, an increase in income causes a decline in the demand for inferior goods. For example, if you lose your job and can only afford inferior goods, you would consume less high-quality foods and more low-quality foods. This shift is because inferior goods are perceived to be of lesser quality or value. For instance, rice and beans can be inferior goods for someone who prefers to eat steak and lobster. If their income decreases, they would switch to rice and beans, which is an inferior good. On the other hand, if their income increases, they would revert to steak and lobster, which is a normal or superior good. Therefore, the correct option that would cause the demand curve of Good A to shift to the left is if the income of the people decreases.
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Two firms are considering entering the satellite broadcasting industry in a country that currently has no such service. Firm 1 has an inferior technology with fewer channels, but is ready to launch its service today. Firm 2 must wait six months for its technology to be ready. So, firm 1 has an opportunity to make its entry decision prior to firm 2. If firm 1 ends up a monopolist, its profits will be $120 million per year. If firm 2 ends up a monopolist, its profits will be $140 million per year. If both enter, severe price competition is expected, and the firms’ profits will be $10 million and $20 million, respectively.
These profits are all given as operating profits, not including any charge for capital. Both firms will incur $500 million in launch costs, and both value the annual opportunity cost of this capital at 10%. (This allows you to calculate all payoffs in per year terms for easy comparison. You may ignore profits earned in the interim six months by the first firm if it enters. )
1. What is the likely outcome of this game?
2. Which firm earns higher profits? Why does this particular firm "win"?
The likely outcome of this game is that both firms will enter the satellite broadcasting industry, resulting in severe price competition and lower profits for both firms.
Firm 1, despite having inferior technology, will choose to enter the market immediately to become a monopolist and earn profits of $120 million per year. Firm 2, on the other hand, will wait six months for its technology to be ready and enter as a monopolist, earning profits of $140 million per year. However, once both firms are in the market, price competition will ensue, reducing the profits for both firms to $10 million and $20 million per year respectively.
This is because the launch costs of $500 million incurred by both firms and the opportunity cost of capital at 10% significantly impact their profitability. In this scenario, Firm 2 earns higher profits as a monopolist ($140 million per year) compared to Firm 1 ($120 million per year). This occurs because Firm 2 has superior technology and can offer more channels, giving it a competitive advantage and enabling it to capture a larger share of the market.
In summary, the likely outcome of this game is that both firms will enter the market, but Firm 2 will earn higher profits as a monopolist due to its superior technology and larger market share.
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a loosely knit social framework in which individuals are expected to take care of themselves is called:
A loosely knit social framework in which individuals are expected to take care of themselves is commonly referred to as individualism.
Individualism is a philosophy or ideology that emphasizes the autonomy, self-reliance, and personal responsibility of individuals. It places a greater emphasis on personal freedom, individual rights, and the pursuit of self-interest.
In an individualistic social framework, there is a reduced emphasis on collective or communal responsibility and a greater emphasis on individual achievements and self-sufficiency. Individuals are expected to take care of their own needs, make their own decisions, and bear the consequences of their actions.
It is worth noting that the degree of individualism in a society can vary across cultures and contexts. Some societies may lean more towards collectivism, where there is a greater emphasis on communal harmony, interdependence, and shared responsibility. Others may lean more towards individualism, placing a greater emphasis on individual rights, personal freedom, and self-reliance.
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1&2) Investee Corp shares outstanding 50,000 1/1/21: Investor Corp pays for Investee stock $50/share 2021 Investee Corp net income $40,000 2021 Investee Corp dividends declared $10,000 FMV of Investee
The fair market value of Investee Corp is found to be $50.6.
Given information:
Investee Corp shares outstanding 50,000
1/1/21 Investor Corp pays for Investee stock $50/share
2021 Investee Corp net income $40,000 2021
Investee Corp dividends declared $10,000
FMV of Investee
We are required to calculate the FMV (fair market value) of Investee Corp.
Investee Corp shares outstanding 50,000
1/1/21 Investor Corp pays for Investee stock $50/share
The total amount paid by Investor Corp for Investee stock will be
50 × 50,000
= $2,500,000
2021 Investee Corp net income $40,000
2021 Investee Corp dividends declared $10,000
Retained earnings = Net income - Dividends
Retained earnings = $40,000 - $10,000
= $30,000
FMV of Investee
Total Shareholders’ Equity = Paid-in capital + Retained earnings + Noncontrolling interest
Total Shareholders’ Equity = $2,500,000 + $30,000 + Noncontrolling interest
Since the question does not provide any information about the non-controlling interest, we will assume it to be zero.
Total Shareholders’ Equity = $2,500,000 + $30,000 + $0
= $2,530,000
Fair Market Value per share = Total Shareholders’ Equity / Shares outstanding
Fair Market Value per share = $2,530,000 / 50,000
Fair Market Value per share = $50.6
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debts or monetary obligations owed by a firm to an outside party are known as _______.
Debts or monetary obligations owed by a firm to an outside party are known as liabilities. Liabilities are classified as current and non-current liabilities. Liabilities are recorded on a company's balance sheet and they can be long term or short term.
Long-term liabilities are typically due in more than one year. Common long-term liabilities include bonds payable, mortgages payable, deferred tax liabilities, and pension liabilities. Short-term liabilities are usually due within a year.
Common short-term liabilities include accounts payable, wages payable, and taxes payable. The total liabilities of a company are subtracted from its total assets to determine its shareholder equity or book value.
Therefore, liabilities represent a significant portion of a company's balance sheet and are closely scrutinized by investors, creditors, and analysts.
Liabilities play a critical role in a company's financial health, as they can impact cash flow, profitability, and creditworthiness.
Excessive debt can lead to cash flow problems, default, bankruptcy, and negative credit ratings. Therefore, companies must manage their liabilities effectively to avoid these risks and maintain financial stability.
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McFarland Company makes 60 percent of its sales in cash. Credit sales are collected as follows: 60 percent in the month of sale and 40 percent in the month following the sale.
McFarland’s budgeted sales for upcoming months follow:
June $ 22,500
July 25,000
August 23,000
September 21,000
Required:
Compute McFarland’s expected cash receipts for August.
McFarland’s expected cash receipts for the month of August are $31,667. In order to compute McFarland’s expected cash receipts for August, it is essential to determine the sales from the month of June and July.
Once that has been done, it will be possible to determine the amount of credit sales and the expected cash receipts for the month of August.
McFarland’s expected cash receipts for the month of August can be computed as follows:
Total Sales in June: $22,500*100/60 = $37,500
Total Sales in July:
$25,000*100/60 = $41,667Total Credit Sales: ($37,500+ $41,667) *40/100 = $31,667
Expected cash receipts for August = Total credit sales in June *60/100 + Total credit sales in July *40/100
= $31,667*60/100 + $31,667*40/100= $19,000+ $12,667= $31,667
McFarland Company sells 60% of its sales in cash while the remaining sales are made through credit. McFarland’s budgeted sales for the upcoming months are given as follows: June sales are expected to be $22,500, July sales are expected to be $25,000, August sales are expected to be $23,000, and September sales are expected to be $21,000.
Credit sales for McFarland Company are collected 60% in the month of sale and 40% in the month following the sale. The expected cash receipts for the month of August can be computed by finding the total sales made in the months of June and July first. The total credit sales can then be determined by multiplying the sum of total sales from June and July by 40%.
The expected cash receipts for August can be determined by multiplying the total credit sales in June by 60% and the total credit sales in July by 40%.
Therefore, McFarland’s expected cash receipts for the month of August are $31,667.
The answer shows that the expected cash receipts for McFarland Company in the month of August are $31,667. The answer is obtained by calculating the total sales from the months of June and July and determining the total credit sales from the sum of the two months. Finally, the expected cash receipts for the month of August are computed by multiplying the total credit sales in June by 60% and the total credit sales in July by 40%.
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which of the following correctly lists the functions of money, with the most important function listed first? multiple choice question. store of value; unit of account; means of payment standard of value; means of payment; unit of account means of payment; store of value, unit of account means of payment; form of credit; unit of account
The order of functions of money, with the most important function listed first, is:
1. Means of payment
2. Store of value
3. Unit of account
Money serves various functions in an economy . The most important function is being a means of payment, which allows for transactions and facilitates the exchange of goods and services. Without this function, the entire economic system would be hindered.
The second function is being a store of value. Money acts as a store of wealth and can be held for future use. This function allows individuals to save and accumulate assets in a stable form.
Lastly, money functions as a unit of account. It provides a common standard for measuring and comparing the value of goods and services. This function allows for efficient price determination, accounting, and economic analysis.
The other s mentioned in the question are not in the order. "Means of payment; store of value; unit of account" is in because the store of value function is listed before the unit of account. "Means of payment; form of credit; unit of account" is in as it includes the form of credit, which is not one of the primary functions of money.
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other issues out of the control of the seller impact the value of a property. what are some of them?
When it comes to buying and selling real estate, there are many factors that may affect the value of a property. While some of these factors may be within the control of the seller, others may be beyond their control.
Here are some of the issues that could impact the value of a property beyond the seller's control.Inflation: One factor that could impact the value of a property is inflation. When there is inflation, the value of money decreases, which means that the cost of goods and services goes up. As a result, the value of real estate may also go up, even if there are no significant changes in the property itself.Interest rates: Another factor that could affect the value of a property is interest rates. If interest rates are low, it could be more affordable for people to take out mortgages and buy properties. This could result in an increase in demand for properties, which could drive up the price. However, if interest rates are high, it could deter people from buying properties, which could lead to a decrease in demand and a drop in property values.
Economic conditions: Economic conditions, such as recessions and job losses, could also impact the value of a property. During a recession, people may be less likely to invest in real estate, which could result in a decrease in demand and a drop in property values.
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CASE EXAMPLE 8.1
Zeekit, the virtual fitting room
Zeekit is a specialist start-up technology firm (acquired by Walmart in May 2021) who want to change the way you look at clothes online. Using ordinary people as its models, the company has a library of diverse shapes and sizes, giving fashion consumers the option to try on clothing in a virtual setting, using a model that best reflects their body.
Retailers pay for the technology to use on their websites or apps. There are two parts involved: firstly the models, which include thousands of real people with many different body shapes, sizes and heights; and secondly the clothing, which is plotted out. When the two are combined, using artificial intelligence, consumers can select a relevant body shape and try on shirts, coats or pairs of trousers, to see how the garment would look on someone like them.
Used by ASOS for its See My Fit app, consumers can select the model that they most identify with so the app image looks more like a real photo, rather than a standard cata- logue picture. Also used by Adidas and Tommy Hilfiger, the concept of real-life and real-size models brings greater authenticity to fashion. The Zeekit website states: 'Combining fashion and technology, Zeekit has developed the first dynamic virtual fitting room, giving every person the chance to see themselves in any item of clothing found on-line. Zeekit's own app allows individuals to upload a photo of themselves and try on selected ranges of clothing from a range of brands.
The benefits of Zeekit are that consumers can try on clothing without placing an order, without visiting the store and without spending a lot of time in a changing room. The pro- cess happens from the consumers' own homes and they can snap and share with friends before deciding what to purchase.
Case questions
Do you feel using a model that has a similar shape and size would help to buy clothing or be off-putting?
In what ways can AR or VR technology further improve shopping online? What apps have you downloaded that have provided a similar service?
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Zeekit, a virtual fitting room, is a technology startup firm that was purchased by Walmart in May 2021. Their goal is to alter how you view clothing online by utilizing ordinary individuals as their models.
The company has a library of various shapes and sizes, enabling fashion consumers to try on clothing in a virtual setting using a model that best represents their body. Retailers pay for the technology to use on their websites or applications, which has two components: the models and the clothes.
The concept of real-life and real-size models brings authenticity to fashion, as seen with brands like Adidas and Tommy Hilfiger that use the technology. Consumers can select the model that they most identify with, and the Zeekit website claims that they have developed the first dynamic virtual fitting room.
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Based on a predicted level of production... Based on a predicted level of production and sales of 24,000 units, a company anticipates total variable costs of $91,200, fixed costs of $38,400, and income of $34,160. Based on this information, the budgeted amount of variable costs for 22,000 units would be: Multiple Choice $91,200. $72,560. $83,600. $38,400. $122,208.
Based on this information, the budgeted amount of variable costs for 22,000 units would be $83,600.
The correct answer is $83,600.
Based on the given information, we can calculate the budgeted amount of variable costs for 22,000 units. To do this,
we need to find the variable cost per unit and then multiply it by the number of units.
First, let's calculate the variable cost per unit:
Total variable costs = Variable cost per unit × Number of units
$91,200 = Variable cost per unit × 24,000 units
To find the variable cost per unit, divide both sides of the equation by 24,000:
Variable cost per unit = $91,200 ÷ 24,000
Variable cost per unit = $3.80
Now that we know the variable cost per unit, we can calculate the budgeted amount of variable costs for 22,000 units:
Budgeted variable costs = Variable cost per unit × Number of units
Budgeted variable costs = $3.80 × 22,000 units
Calculating this, we find:
Budgeted variable costs = $83,600
Therefore, the budgeted amount of variable costs for 22,000 units would be $83,600.
So, the correct answer is $83,600.
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Waverly Company has 100,000 shares of $10 par value common stock and 5,000 shares of $100 par value 5% cumulative preferred stock outstanding. No dividends had been paid in either year 6 or year 7. Waverly Company is planning to pay a cash dividend in year 8. If the cash dividend is for $200,000 in total, how much will be received by common stockholders? Multiple Choice $175,000 $200,000 O $140,000 $125,000
Waverly Company has 100,000 shares of $10 par value common stock and 5,000 shares of $100 par value 5% cumulative preferred stock outstanding. No dividends had been paid in either year 6 or year 7.
Waverly Company is planning to pay a cash dividend in year 8. If the cash dividend is for $200,000 in total, The preferred stockholders have a right to receive their dividend payment before common stockholders. If the preferred dividends have not been paid in the past two years, they are now cumulative and the preferred shareholders have a right to receive them first.
The amount of dividends due to preferred shareholders
[tex]= ($100 x 0.05) x 5,000 shares x 2 years[/tex]
[tex]= $5,000[/tex]
The remaining amount of the dividend goes to the common stockholders. Therefore, the amount of dividend to be received by common stockholders
[tex]= $200,000 - $5,000[/tex]
[tex]= $195,000[/tex]
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