The Work Breakdown Structure (WBS) is fundamental as a project tool because it provides a detailed scheduling/dependency map and serves as the foundation for other key project management tools. Option d is correct.
The WBS is a hierarchical decomposition of the project scope into smaller, manageable work packages. It breaks down the project deliverables into smaller components, allowing for better understanding, organization, and management of the project. Each work package in the WBS represents a specific task or activity that needs to be completed.
By creating a detailed scheduling/dependency map, the WBS helps in identifying the sequence of activities and their interdependencies. It enables project managers to understand the potential risks logical order of tasks, determine dependencies between activities, and develop a realistic project schedule. This information is crucial for effective project planning and resource allocation.
Additionally, the WBS serves as the basis for other key project management tools and processes. It forms the foundation for project cost estimation, resource allocation, risk management, and project monitoring and control. Other tools like the project schedule, budget, and risk register are dependent on the structure and organization provided by the WBS.
In summary, the WBS is fundamental as a project tool because it provides a detailed scheduling/dependency map and serves as the basis for other key project management tools and processes.
Learn more about potential risks here
https://brainly.com/question/31707460
#SPJ11
A monopolist faces a linear demand curve q = 23 – 4p + 2A, where p is the
per unit market price and A is the monopolist’s expenditure on advertising.
The monopolist has constant marginal cost of production given by MC=5, and
has no fixed costs.
(a) Write out the monopolist’s profit function.
(b) Solve for the zero-slope condition with respect to the market price p and
the level of advertising A.
(c) Use the two zero-slope conditions to solve for the monopolist’s profit-
maximizing price and level of advertising expenditure.
(d) Confirm that the advertising-to-sales ratio is equal to the ratio of the
advertising elasticity and the price elasticity of demand.
Profit function of the monopolist:The monopolist faces a linear demand curve given by the equation:q = 23 – 4p + 2Awhere p is the per unit market price and A is the monopolist’s expenditure on advertising.
The monopolist has constant marginal cost of production given by MC=5, and has no fixed costs. The profit function of the monopolist is given by the equation: π = TR – TC. This equation can be re-written as follows:π
= p(q)q – MCq – Awhere TR is the total revenue, TC is the total cost, and q is the level of output. Substituting the demand function into the profit function, we get:π
= (23 – 4p + 2A)(q) – 5q – A
Given,The demand curve of a monopolist is,q = 23 – 4p + 2AMarginal cost of production of monopolist is,MC
=5Fixed costs is 0.Then,Profit function of the monopolist is,π
= TR – TC.Substituting the value of TR and TC in the above expression, we get:π
= p(q)q – MCq – Aπ
= (23 – 4p + 2A)(q) – 5q – A(b)
To know more about monopolist visit:
https://brainly.com/question/32935991
#SPJ11
AP The local hardware store is considering a promotion in which it would sell preselected tools for $5 each. The managers are hoping that young adults will come into the store and equip themselves with "the basics," allowing the store's service-oriented staff to teach them how to use each tool. However, the company's profit goals require a contribution margin ratio of at least 60% before any new promotions are approved. The company's current variable cost per unit for these tools is $2.50, and its tax rate is 30%. Required a. Will the promotion be approved under the current conditions? Explain. b. What is the most this hardware store can pay per unit for these tools if it wants to move forward with this promotion? c. If the promotion is going to cost $1,920 in fixed costs, at what level of sales dollars will the hardware store break even on this deal? At what level of sales dollars will the store earn a target operating income of $4,980 on this deal? What will after-tax profit be at this level of operating income? d. Typical sales for these types of tools range from $500 to $2,000 in a comparable time period. Given your analysis thus far, does this promotion seem like a wise move? Explain.
A. the promotion will not be approved until the company finds a way to lower its variable cost or raise the selling price.
B. The maximum amount that the hardware store can pay per unit for the tools to move forward with this promotion is $6.25.
C. After-tax profit will be $3,486
D. The promotion is not likely to be a wise move.
a. Calculation of the contribution margin ratio is necessary to determine if the promotion will be approved under the current conditions.
Contribution Margin Ratio = (Selling Price – Variable Cost) / Selling Price × 100%
Given that the variable cost per unit is $2.5, and the store is considering selling preselected tools for $5 each, the contribution margin ratio can be calculated as follows:
Contribution Margin Ratio = ($5 - $2.5) / $5 × 100% = 50%
The contribution margin ratio is 50%, which is less than the 60% required for the promotion to be approved under the current conditions. Therefore, the promotion will not be approved until the company finds a way to lower its variable cost or raise the selling price.
b. Given that the contribution margin ratio required for the promotion to be approved is 60%, and the variable cost per unit is $2.50, the maximum selling price the hardware store can set can be calculated as follows:
Contribution Margin Ratio = (Selling Price – Variable Cost) / Selling Price × 100
60% = (Selling Price – $2.5) / Selling Price × 100%
Solving for the selling price, we have:
Selling Price = ($2.5 / (60 / 100)) + $2.5 = $6.25
The maximum amount that the hardware store can pay per unit for the tools to move forward with this promotion is $6.25.
c. Break-Even Point (BEP) can be calculated as follows:
BEP (in units) = Fixed Costs / Contribution Margin per Unit
BEP (in dollars) = BEP (in units) × Selling Price
Given that the fixed costs for the promotion are $1,920, and the contribution margin per unit is $2.50 - $1.50 = $1 per unit.
BEP (in units) = $1,920 / $1 = 1,920 units
To find the BEP in dollars, we multiply the BEP in units by the selling price per unit.
BEP (in dollars) = 1,920 units × $5 per unit = $9,600
To find the level of sales dollars the store will earn a target operating income of $4,980, we can use the following formula:
Sales = Fixed Costs + Target Operating Income / Contribution Margin Ratio
Sales = $1,920 + $4,980 / 0.4 = $14,955
The after-tax profit will be calculated by subtracting the income tax expense from the operating income. We can use the following formula to calculate the income tax expense:
Income Tax Expense = Tax Rate × Operating Income
Therefore, Income Tax Expense = 30% × $4,980 = $1,494
After-tax profit will be:
After-tax profit = Operating Income - Income Tax Expense
= $4,980 - $1,494 = $3,486
d. The promotion is not likely to be a wise move because the maximum amount the store can charge for these tools is $6.25, while the typical sales for these types of tools range from $500 to $2,000 in a comparable time period. This means that customers are not willing to pay the price the store requires to achieve a 60% contribution margin.
To learn more about promotion, refer below:
https://brainly.com/question/15331436
#SPJ11
What is the arithmetic average % return from the following series of year end portfolio values?
2018
2019
2020
$650,000
$637,000
$671,500
2.06% 3.7195 1.717 1.043 1.65%
The arithmetic average % return from the given series of year-end portfolio values is approximately 1.14%.The answer has been rounded to 2 decimal places as per the given requirement.
To calculate the arithmetic average % return from the given series of year-end portfolio values, follow these steps:
1. Calculate the % return for each year by using the formula:
% Return = ((Ending Value - Beginning Value) / Beginning Value) * 100
2. Apply the formula for each year using the given values:
For 2018: % Return = (($637,000 - $650,000) / $650,000) * 100 = -1.99999999999994%
For 2019: % Return = (($671,500 - $637,000) / $637,000) * 100 = 5.41740620146477%
For 2020: % Return = ((1.65% / 100) * $671,500) = 0.01 * $671,500 = $6,715
3. Add up all the % returns calculated in step 2:
-1.99999999999994% + 5.41740620146477% + 0.01 = 3.42740620146483%
4. Divide the sum by the number of years to find the average % return:
Average % Return = 3.42740620146483% / 3 = 1.14246873382161%
Learn more about arithmetic
https://brainly.com/question/16415816
#SPJ11
What are the two (2) major similarities between Tesla and Apple? [Your answers must be directly related to marketing.] Similarity 1: Similarity 2: Q6) What are the two (2) biggest challenges that Tesla will face in the next 10 years? How should Tesla address those challenges? [Your answers must be directly related to marketing.] Challenge 1: Challenge 2 :
Tesla and Apple have two major similarities in terms of marketing that is brand image and product differentiation. The biggest challenges that Tesla will face in the next 10 years, Competition and Market Expansion. By addressing these challenges, Tesla can maintain its competitive edge and continue to grow its market share in the coming years.
Similarity 1: Brand Image
Both Tesla and Apple have successfully created strong brand images that resonate with their target audience. They have positioned themselves as innovative, cutting-edge, and forward-thinking companies. This has helped them attract loyal customers and create a sense of desirability around their products.
Similarity 2: Product Differentiation
Both Tesla and Apple excel in product differentiation. They have managed to create unique and distinct offerings that stand out in the market. Tesla's electric vehicles are known for their advanced technology and environmental sustainability, while Apple's products are renowned for their sleek design and user-friendly interface. By focusing on differentiation, both companies have been able to carve out a niche and capture market share.
Tesla will face two major challenges in terms of marketing.
Challenge 1: Competition
As the electric vehicle market grows, Tesla will face increased competition from established automakers and new entrants. To address this challenge, Tesla should continue to invest in research and development to stay ahead in terms of technology and innovation. They should also focus on enhancing their brand reputation and customer loyalty through exceptional customer service and building a strong community of Tesla enthusiasts.
Challenge 2: Market Expansion
As Tesla looks to expand its market reach globally, it will face challenges related to infrastructure and regulations. Tesla should address this by collaborating with utility companies to expand the charging network infrastructure. Additionally, they should invest in localizing their marketing efforts to cater to the specific needs and preferences of different markets.
To know more about electric vehicles visit:
https://brainly.com/question/30714733
#SPJ11
if efficiency were to be the only criterion for the evaluation of administrative performance, would any other important values be diminished? Explain.
If efficiency were the sole criterion for evaluating administrative performance, it is likely that other important values would be diminished or overlooked.
If efficiency were the sole criterion for evaluating administrative performance, it is likely that other important values would be diminished or overlooked. Efficiency focuses on accomplishing tasks and goals in the most optimal and resource-effective manner. While efficiency is important for organizations to operate effectively, it should not be the sole measure of performance.
By solely prioritizing efficiency, other values such as effectiveness, equity, transparency, accountability, and ethical considerations may be diminished or disregarded. For instance:
Effectiveness: Efficiency alone may not guarantee that the organization is achieving its intended outcomes or meeting the needs of stakeholders. Emphasizing efficiency without considering effectiveness could result in the organization optimizing processes that ultimately produce subpar results.
Equity: Efficiency-focused approaches may unintentionally overlook considerations of fairness and equality. Allocating resources solely based on efficiency may lead to disparities or neglect the needs of marginalized or disadvantaged groups.
Transparency: While efficiency may streamline processes, it may also compromise transparency and decision-making visibility. Strict focus on efficiency might result in limited information sharing, lack of communication, and reduced opportunities for public or stakeholder engagement.
Accountability: Overemphasizing efficiency may undermine accountability mechanisms. If efficiency becomes the primary goal, there may be less emphasis on monitoring and evaluating performance, addressing potential ethical concerns, or holding individuals or organizations accountable for their actions.
Ethical considerations: Efficiency-focused approaches could inadvertently encourage shortcuts, compromise quality, or neglect ethical considerations. Ethical dilemmas and complex decision-making may require additional time and resources, which might conflict with efficiency goals.
To learn more about Equity
https://brainly.com/question/11556132
#SPJ11
from the two activities. If the selling price of bracelets increases from $12 to $24, then Jamal's opportunity cost of making earrings and making earrings is now profitable than making bracelets. Suppose that the earrings market consists of several suppliers like Jamal who are skilled at making both earrings and bracelets. Which of the following is likely to happen to the supply curve of earrings when the price of a bracelets increases? It does not change It shifts to the right It shifts to the left
According to the given activity, if the selling price of bracelets increases from 12 to 24, then Jamal's opportunity cost of making earrings and making earrings is now more profitable than making bracelets. Now, let's see which of the given options is likely to happen to the supply curve of earrings when the price of a bracelet increases.
The opportunity cost of making earrings over bracelets decreases when the price of bracelets increases. The reason for this is because it's become more profitable to make bracelets than earrings. Jamal, and other skilled makers, are likely to shift their focus to making bracelets instead of earrings. This means that they will supply fewer earrings to the market. The decrease in supply will shift the supply curve to the left. Hence, the correct option is "It shifts to the left."When the price of bracelets increases, the opportunity cost of making earrings over bracelets decreases.
It becomes more profitable to make bracelets than earrings. Skilled makers like Jamal are likely to focus their efforts on making bracelets. They will then supply fewer earrings to the market. This decrease in supply will shift the supply curve of earrings to the left.
To know more about bracelets visit :
https://brainly.com/question/16898240
#SPJ11
An Australian exporting company will receive 6.8m USD in 3 years’ time from sales. The current spot rate is AUD / USD 0.6594 / 0.6598. Australian interest rates are currently at 2.35% p.a. and U.S. interest rates are at 3.25% p.a. The net interest rate spread in both countries is 2.8% (read this as the borrowing rates are 2.8% higher than the given investment rates above). Design a money market hedge which will remove the FX risk faced by the company, yet not altering the timing of the receipt. Clearly show the AUD cash flow in the future.
The F X risk, the company can enter into a forward contract to sell 4.970934 million AUD in 3 years' time at the current spot rate of 0.6598 AUD/USD.
First, let's calculate the future value of 6.8 million USD after 3 years, considering the interest rates in both countries. [tex]Future Value = Present Value * (1 + interest rate)^number of years[/tex]
Using this formula, the future value of 6.8 million USD after 3 years is:
[tex]Future Value = 6.8 million USD * (1 + 3.25%)^3[/tex]
= 7.53 million USD.
Now, let's convert the future value from USD to AUD using the current spot rate:
AUD Future Value = 7.53 million USD * 0.6598 AUD/USD
= 4.970934 million AUD
This way, the company locks in the exchange rate and eliminates the risk of exchange rate fluctuations.
The company will receive 4.970934 million AUD in the future as a result of this money market hedge.
To know more about forward visit:
https://brainly.com/question/29241899
#SPJ11
Use the following table to determine the correct order of the given steps in the Federal Reserve's monetary policy decision-making process Step Order Step Description The FOMC issues a clear detailed statement that summarizes its decision about the selected target federal funds rate. If the FOMC determines that a change in its monetary policy is appropriate, its decision is forwarded to the Trading Desk at the New York Federal Reserve District Bank through a statement called the policy directive The minutes for the FOMC meeting are provided to the public and made accessible on Federal Reserve websites FOMC members receive expert analyses of the economy and economic forecasts. FOMC members, including both voting and nonvoting members, discuss what the Fed's monetary policy should be Gerado te now Grade it Now Save A Continue
The correct order of the steps in the Federal Reserve's monetary policy decision-making process is:
Gerado te now
FOMC members discuss the Fed's monetary policy.
FOMC members receive expert analyses and economic forecasts.
FOMC decision is forwarded to the Trading Desk through the policy directive.
The FOMC issues a statement summarizing the decision on the federal funds rate.
The minutes of the FOMC meeting are made public.
In this process, FOMC members engage in discussions and receive analyses and forecasts to inform their decision-making. Once a decision is reached, it is communicated through the policy directive to the Trading Desk. The FOMC then issues a statement that provides a clear summary of the decision regarding the target federal funds rate. Finally, the minutes of the FOMC meeting, which provide details of the discussions and decisions, are released to the public.
Learn more about decision-making here:
https://brainly.com/question/30697303
#SPJ11
Consider the case of a positive consumption externality. Suppose throughout this exercise that demand and supply curves are linear. a. Draw two graphs with the same demand (PMB) curve but one that has a fairly elastic (but not perfectly elastic) ind the other one with a fairly inelastic (but not perfectly inelastic) supply (PMC) curves, In which case would the (private) market equilibrium output be closer to the socially optimal level? b. Draw two additional graphs. This time use the same supply (PMC) curves in each graph, but with a fairly inelastic (but not perfectly inelastic) demand (PMB) curve and one with a fairly elastic (but not perfectly clastic) demand (PMB) curve. In which case would the (private) market equilibrium output be close the socially optimal level?
a. Consider the case of a positive consumption externality. Suppose throughout this exercise that demand and supply curves are linear. Draw two graphs with the same demand (PMB) curve but one that has a fairly elastic (but not perfectly elastic) and the other one with a fairly inelastic (but not perfectly inelastic) supply (PMC) curve. In which case would the (private) market equilibrium output be closer to the socially optimal level?
When demand (PMB) is the same but supply (PMC) is inelastic, and the consumption externality is positive, the market equilibrium output is far below the socially optimal level. The reason is that the market fails to account for the benefits of consumption in the equilibrium price and quantity. On the other hand, when supply is elastic, the market equilibrium output is closer to the socially optimal level.
The positive consumption externality is where the benefit to society exceeds the benefit to the consumers. In such circumstances, a market failure occurs when the market equilibrium output is less than the socially optimal level. A socially optimal level is the point at which social benefits equal social costs.
a) The graphs will look like this for inelastic supply and elastic supply:
Graph with Inelastic Supply:
PMC curves with a relatively inelastic supply curve will result in a market equilibrium output of Q1 at the price of P1. The socially optimal quantity is higher than the market equilibrium quantity. Graph with Elastic Supply:
PMC curves with a relatively elastic supply curve will result in a market equilibrium output of Q2 at the price of P2. In this scenario, the market equilibrium output is closer to the socially optimal level.
b) The graphs will look like this for elastic demand and inelastic demand:
Graph with Elastic Demand:
PMC curves with a relatively elastic demand curve will result in a market equilibrium output of Q2 at the price of P2. The market equilibrium output is near to the socially optimal level. Graph with Inelastic Demand:
PMC curves with a relatively inelastic demand curve will result in a market equilibrium output of Q1 at the price of P1. The market equilibrium output is below the socially optimal level.
Learn more about inelastic supply curve: https://brainly.com/question/30009398
#SPJ11
You plan to deposit $2,000 today, $4,000 in one year and $2,000
in two years into an account earning 4.6% interest. What will the
account balance be in 4 years? Round to the nearest dollar.
The account balance in 4 years can be calculated by compounding the interest earned on each deposit.
Here's how you can calculate it step-by-step:
1. First, calculate the interest earned on the first deposit of $2,000 today. The interest rate is 4.6%, so the interest earned will be:
$2,000 * 0.046 = $92
2. Add the interest earned to the initial deposit to get the new balance after one year:
$2,000 + $92 = $2,092
3. Now, calculate the interest earned on the second deposit of $4,000 after one year. The interest earned will be:
$4,000 * 0.046 = $184
4. Add the interest earned to the balance after one year to get the new balance after two years:
$2,092 + $184 = $2,276
5. Finally, calculate the interest earned on the third deposit of $2,000 after two years. The interest earned will be:
$2,000 * 0.046 = $92
6. Add the interest earned to the balance after two years to get the final account balance after four years:
$2,276 + $92 = $2,368
Therefore, the account balance in 4 years, rounded to the nearest dollar, will be $2,368.
In summary, the account balance after 4 years will be $2,368. This is calculated by adding the interest earned on each deposit to the previous balance. It is important to note that this calculation assumes the interest is compounded annually, meaning it is added to the account balance each year.
To learn more about balance:
https://brainly.com/question/27154367
#SPJ11
Do you think that there are business processes at Vermont Teddy Bear that could be improved? In considering the steps for achieving business Process improvement (see pp. 63-70), which would be the most important for VTB?
Vermont Teddy Bear is a company that designs, produces, and sells high-quality handmade teddy bears that are a popular gift option for special occasions. The business has been growing, and there might be business processes that need improvement in the company.
Process improvement might be achieved by following steps such as identifying processes that need improvement, assessing the processes, redesigning the process, piloting, and implementing the process improvements. For VTB, the most critical step in this process would be identifying the processes that need improvement.
In analyzing Vermont Teddy Bear, there could be processes that may need improvement. Improving business processes would help VTB to be more productive, increase quality, and provide better customer satisfaction. The company needs to carry out an analysis of its operations to determine which of its processes needs improvement. Identifying the weak areas of the company's business is an important step in the process improvement. This would provide insight into what can be done to improve and streamline operations.
Once the processes that require improvement have been identified, the next step would be assessing the processes to develop a plan to improve them. A plan would ensure that the company would avoid further problems and maintain its standards. The other steps such as redesigning the process, piloting the new design, and implementing the process improvements would follow the plan.
Therefore, identifying the weak processes is the most important step in the process improvement process. Vermont Teddy Bear can then follow the other steps to ensure that it streamlines its operations, maintain quality, and remain competitive.
Learn more about Vermont Teddy Bear:
https://brainly.com/question/13913953
#SPJ11
In the country of Hyrkania, the CPI in 2000 was 120 and the CPI in 2001 was 132 . Jake, a resident of Hyrkania, borrowed money in 2000 and repaid the loan in 2001 . If the nominal interest rate on the loan was 12 percent, then the real interest rate was (5 Điếm) 10 percent 12 percent impossible to determine without knowing the base year for the CPI 2 percent 20 Mavis Corporation has an agreement with its workers to completely index the wage of its employees to inflation in the CPI. Mavis currently pays its production line workers $7.50 an hour and is scheduled to index their wages today. If the CPI is currently about 130 and was 120 a year ago Mavis should increase the hourly wages of its workers by about (5 Diém). 50.56 50.10 soots soess
Real interest rate is the nominal interest rate adjusted for the effect of inflation. The real interest rate formula is nominal interest rate - inflation rate.
So, in the given situation, the CPI in 2000 was 120 and the CPI in 2001 was 132 and the nominal interest rate on the loan was 12 percent. Therefore, the real interest rate was 10%.Explanation:Given, CPI in 2000 was 120 and CPI in 2001 was 132.Nominal interest rate on the loan was 12%.Formula to calculate real interest rate = Nominal interest rate - Inflation rateReal interest rate = 12% - ((132-120)/120)*100= 10%Therefore, the real interest rate was 10%.Now, we have to calculate the hourly wages of its workers by using the formula: Hourly Wages (Current) = Hourly Wages (Base) * (CPI (Current)/CPI (Base))Given, Current CPI is 130 and the Base CPI is 120.
To know more about interest rate visit:
https://brainly.com/question/28236069
#SPJ11
A 30-year mortgage has an APR of 6% (compounded monthly). A new homeowner intends to borrow $400000 at this mortgage rate. Use your financial calculator to calculate the following: a) The monthly mortgage payment.
At the end of Year 10, using the AMORT function: b) "What is the mortgage's Ending Balance?"
c) "What is the mortgage's Principal component of the mortgage's payment?" 720.88
d) "What is the mortgage's Interest component of the mortgage's payment?" 1,677.32
e) What is the cumulative Interest paid during the first 10 years?
Please show me the problem solving process, thanks
a) Monthly mortgage payment is $2,398.20. b) Mortgage's ending balance is $291,381.07. c) Principal component of the mortgage's payment is $720.88. d) Interest component is $1,677.32. e) Cumulative interest paid is $155,684.94.
a) The monthly mortgage payment.
Using the financial calculator, the monthly mortgage payment is $2,398.20.
This is the PMT value for the following inputs:
n = 360 (30 years * 12 months per year),
i = 0.5% (6% APR / 12 months per year),
and PV = -$400,000 (negative because it represents a loan payment).
b) "At the end of year 10, the mortgage's ending balance is $291,381.07. This can be found using the AMORT function on the calculator. Inputs include:
P = $400,000 (original loan amount),
n = 120 (10 years * 12 months per year),
i = 0.5% (6% APR / 12 months per year), and
PMT = -$2,398.20 (negative because it represents a loan payment).
c) The principal component of the mortgage's payment is $720.88.
This is the difference between the total monthly payment of $2,398.20 and the interest component of $1,677.32.
d) The interest component of the mortgage's payment is $1,677.32.
This can be found by multiplying the monthly interest rate (0.5%) by the current balance of the loan (which changes each month as principal is paid off).
e) The cumulative interest paid during the first 10 years is $155,684.94.
This can be found by subtracting the original loan amount of $400,000 from the total amount paid in the first 10 years
(which is equal to the sum of the monthly payments made during that time).
This comes out to
$555,684.94 - $400,000 = $155,684.94.
Know more about the mortgage payment
https://brainly.com/question/30093812
#SPJ11
This problem involves calculations and the use of a financial calculator. The monthly mortgage payment is approximately $2398.20. The mortgage's ending balance at the end of Year 10 and the principal and interest components of the mortgage payment can be obtained using the AMORT function.
The cumulative interest paid during the first 10 years can be found by adding up the interest components for each year.
To calculate the monthly mortgage payment for a 30-year mortgage with an APR of 6% compounded monthly and a borrowed amount of $400,000, we can use the formula:
M = P * (r(1+r)^n) / ((1+r)^n - 1),
where M is the monthly payment, P is the principal amount borrowed, r is the monthly interest rate, and n is the total number of payments.
Substituting the given values into the formula, we get:
M = 400000 * (0.06/12 * (1+0.06/12)^(30*12)) / ((1+0.06/12)^(30*12) - 1) = $2398.20 (approximately).
To calculate the mortgage's ending balance at the end of Year 10, we can use the AMORT function. Plugging in the values into the function will give us the answer.
The principal component of the mortgage's payment can be calculated by subtracting the interest component from the monthly payment. In this case, it would be $2398.20 - $1677.32 = $720.88.
The interest component of the mortgage's payment can be calculated by multiplying the monthly interest rate by the remaining balance. In this case, it would be (0.06/12) * (remaining balance at the end of Year 9).
The cumulative interest paid during the first 10 years can be calculated by adding up the interest components for each year.
This problem involves calculations and the use of a financial calculator. The monthly mortgage payment is approximately $2398.20. The mortgage's ending balance at the end of Year 10 and the principal and interest components of the mortgage payment can be obtained using the AMORT function. The cumulative interest paid during the first 10 years can be found by adding up the interest components for each year.
to learn more about AMORT function.
https://brainly.com/question/32732448
#SPJ11
Jeremy (unmarried) earned $101,800 in salary and $7,800 in interest income during the year. Jeremy's employer withheld $10,000 of federal income taxes from Jeremy's paychecks during the year. Jeremy has one qualifying dependent child (age 14) who lives with him. Jeremy qualifies to file as head of household and has $24,800 in itemized deductions, including $2,000 of charitable contributions to his church. (Use the tax rate schedulesi) Required: a. Determine Jeremy's tax refund or taxes due. b. Assume that in addition to the original facts, Jeremy has a long-term capital gain of $12,550. What is Jeremy's tax refund or tax due including the tax on the capital gain? Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Complete this question by entering your answers in the tabs below. Determine Jeremy's tax refund or taxes due. Determine Jeremy's tax refund or taxes due.
a) Jeremy's federal income tax liability is $5,898 based on his taxable income of $80,600 after deductions and exemptions.
b) The tax on Jeremy's long-term capital gain of $12,550 is $1,883.25, resulting in a total tax liability of $7,781.25 including the capital gain.
a) The total income earned by Jeremy is $101,800 + $7,800 = $109,600
Total itemized deductions = $24,800, which is greater than the standard deduction for the head of household. Therefore, Jeremy will use itemized deductions to lower his taxable income.
Taxable income = Total income - itemized deductions- personal exemption = $109,600 - $24,800 - $4,200 (personal exemption for Jeremy and his child) = $80,600
From the tax tables, the federal income tax liability on $80,600 is $15,898. Subtracting the withheld taxes from the liability, we have the amount due, $15,898 - $10,000 = $5,898; therefore, Jeremy owes $5,898 in federal income taxes.
b) Long-term capital gain = $12,550Since it is long-term, the tax rate will be either 0%, 15%, or 20%. Because Jeremy's taxable income is $80,600 before including the capital gain, his capital gains tax rate is 15%.
The tax on the capital gain = $12,550 x 0.15 = $1,883.25Therefore, the total tax liability, including the capital gain is = $5,898 + $1,883.25 = $7,781.25 (rounded to the nearest dollar)
To know more about taxable income click on below link:
https://brainly.com/question/33053500#
#SPJ11
________ are payments, gifts, or special favors intended to influence the outcome of a decision.
Bribes are payments, gifts, or special favors intended to influence the outcome of a decision.
In order to influence the behavior of public officials, it is unlawful to trade something of value, such as money, in the form of a bribe. A bribe is when one party provides something of value or money unlawfully in order to influence a decision or procedure. Bribes are frequently offered to avoid prosecution or to get around laws or regulations.
Bribes can take on a variety of shapes, from small-scale transactions between individuals to significant agreements between businesses or governments. Additionally, bribes might pass for tips, presents, favors, donations, or other kinds of acceptable transactions. There is no one definition or categorization system for bribery because some countries accept and legalize certain business practices that are prohibited in other countries.
Learn more about Bribes here:
https://brainly.com/question/32972931
#SPJ4
Sunland Company had $255,800 of net income in 2019 when the selling price per unit was $150, the variable costs per unit were $90, and the fixed costs were $572,200. Management expects per unit data and total fixed costs to remain the same in 2020. The president of Sunland Company is under pressure from stockholders to increase net income by $82,800 in 2020. Your answer is correct. Compute the number of units sold in 2019. 13,800 units SHOW SOLUTIONSHOW ANSWER LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE Your answer is correct. Compute the number of units that would have to be sold in 2020 to reach the stockholders' desired profit level. 15,180 units Your answer is incorrect. Try again Assume that Sunland Company sells the same number of units in 2020 as it did in 2019. What would the selling price have to be in order to reach the stockholders' desired profit level? New selling price 165 Click if you would like to Show Work for this question: Open Show Work
To compute the number of units sold in 2019, we can use the contribution margin per unit.
The contribution margin per unit is calculated by subtracting the variable costs per unit from the selling price per unit.
Contribution margin per unit = Selling price per unit - Variable costs per unit
Contribution margin per unit = $150 - $90
Contribution margin per unit = $60
The contribution margin represents the amount that contributes to covering the fixed costs and generating profit. We can use this information to calculate the number of units sold in 2019:
Net income = (Selling price per unit - Variable costs per unit) * Number of units sold - Fixed costs
We know that the net income in 2019 was $255,800 and the fixed costs were $572,200. Let's calculate the number of units sold:
$255,800 = ($60 * Number of units sold) - $572,200
Rearranging the equation:
$60 * Number of units sold = $255,800 + $572,200
$60 * Number of units sold = $828,000
Number of units sold = $828,000 / $60
Number of units sold = 13,800 units
Therefore, the number of units sold in 2019 was 13,800 units.
Now, let's move on to the next question:
To compute the number of units that would have to be sold in 2020 to reach the stockholders' desired profit level, we need to determine the target net income. The desired profit increase is $82,800, so the target net income for 2020 would be:
Target net income = Net income in 2019 + Desired profit increase
Target net income = $255,800 + $82,800
Target net income = $338,600
Using the same contribution margin per unit ($60), we can calculate the number of units that need to be sold in 2020:
$338,600 = ($60 * Number of units sold in 2020) - $572,200
Rearranging the equation:
$60 * Number of units sold in 2020 = $338,600 + $572,200
$60 * Number of units sold in 2020 = $910,800
Number of units sold in 2020 = $910,800 / $60
Number of units sold in 2020 = 15,180 units
Therefore, the number of units that would have to be sold in 2020 to reach the stockholders' desired profit level is 15,180 units.
Moving on to the last question:
Assuming Sunland Company sells the same number of units in 2020 as it did in 2019 (13,800 units), we can calculate the new selling price that would be required to reach the stockholders' desired profit level.
Net income = (Selling price per unit - Variable costs per unit) * Number of units sold - Fixed costs
We know that the desired net income for 2020 is $338,600, the fixed costs are $572,200, and the number of units sold is 13,800. Let's calculate the new selling price:
$338,600 = (Selling price per unit - $90) * 13,800 - $572,200
Rearranging the equation:
(Selling price per unit - $90) * 13,800 = $338,600 + $572,200
(Selling price per unit - $90) * 13,800 = $910,800
Dividing both sides by 13,800:
Selling price per unit - $90 = $910,800 / 13
know more about contribution margin
https://brainly.com/question/31484547#
#SPJ11
Bridgeport Company buys merchandise on account from Sarasota Company for $655. Bridgeport sells the goods to Ellis for $1,350 cash. Use a tabular summary to record the transactions for Bridgeport Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g.
Using a perpetual inventory system, we can record the transactions for Bridgeport Company involving the purchase of merchandise from Sarasota Company and the subsequent sale of goods to Ellis. The tabular summary will help us track the changes in inventory, accounts payable, sales, and cash.
We will create a tabular summary to record the transactions for Bridgeport Company:
| Date | Account | Debit ($) | Credit ($) |
|----------- |--------------------- |-----------|------------|
| Date 1 | Inventory | 655 | |
| | Accounts Payable | | 655 |
| Date 2 | Accounts Receivable | | 1,350 |
| | Sales | | 1,350 |
| | Cash | 1,350 | |
| Date 3 | Cost of Goods Sold | 655 | |
| | Inventory | | 655 |
1. On Date 1, Bridgeport Company purchases merchandise from Sarasota Company on account for $655. We debit the Inventory account to increase the value of inventory, and credit the Accounts Payable account to record the liability.
2. On Date 2, Bridgeport Company sells the goods to Ellis for $1,350 in cash. We do not need to record an entry for Inventory in this transaction as it has already been recorded in the purchase. We debit the Accounts Receivable account to record the increase in accounts receivable from Ellis, and credit the Sales account to recognize the revenue. Finally, we debit the Cash account for the cash received.
3. On Date 3, we need to record the cost of goods sold. We debit the Cost of Goods Sold account to recognize the expense, and credit the Inventory account to reduce the value of inventory.
know more about inventory system :brainly.com/question/30245776
#SPJ11
Rushing had income of $154 million and average total assets of $1,820 million. its return on assets is:____.
Rushing had an income of $154 million and average total assets of $1,820 million. its return on assets is 8.46%.
To calculate the return on assets (ROA) for Rushing, we need to divide its income by its average total assets. Given that Rushing had an income of $154 million and average total assets of $1,820 million, we can calculate the ROA as follows:
ROA = (Income / Average Total Assets) * 100
ROA = (154 million / 1,820 million) * 100
ROA = 8.46%
Therefore, Rushing's return on assets is approximately 8.46%. This indicates that for every dollar of average total assets, the company generated approximately 8.46 cents of income. ROA is a measure of profitability and efficiency, providing insight into how effectively a company utilizes its assets to generate earnings.
Learn more about return on assets at
brainly.com/question/31080458
#SPJ4
A company produces and sells a product. The unit variable cost is $50 and the unit selling price is $79. The fixed cost associated with the product is $208,674 per year units per year in order to generate an The company must produce and sell income (or profit) $ 170,159 per year.
The company needs to produce and sell approximately 13,060 units in order to generate the desired income of $170,159 per year.
To find the number of units the company needs to produce and sell in order to generate the desired income of $170,159 per year, we can use the formula:
Desired income = (Selling price - Variable cost) * Number of units - Fixed cost
Substituting the given values, we have:
$170,159 = ($79 - $50) * Number of units - $208,674
Simplifying the equation, we get:
$170,159 + $208,674 = $29 * Number of units
$378,833 = $29 * Number of units
Dividing both sides by $29, we find:
Number of units = $378,833 / $29
Number of units ≈ 13,060
Therefore, the company needs to produce and sell approximately 13,060 units in order to generate the desired income of $170,159 per year.
To know more about Number visit:
https://brainly.com/question/3589540
#SPJ11
You have $400 and are comparing two savings accounts. One pays 5% simple interest and the other pays 5% compound interest. How much more money will you have after 9 years if you invest in the compound interest account as compared to the simple interest account?
You will have approximately $40.53 more money if you invest in the compound interest account compared to the simple interest account after 9 years.
To calculate the difference in the amount of money you will have after 9 years between the compound interest account and the simple interest account, we need to determine the interest earned by each account.
For the simple interest account, the formula to calculate the interest earned is:
Simple Interest = Principal (P) × Interest Rate (r) × Time (t)
In this case, the principal (P) is $400, the interest rate (r) is 5% (0.05 in decimal form), and the time (t) is 9 years. Plugging in these values:
Simple Interest = $400 × 0.05 × 9
= $180
Therefore, after 9 years, the simple interest account will earn $180 in interest.
For the compound interest account, the formula to calculate the future value is:
Future Value = Principal (P) × (1 + Interest Rate (r))^(Time (t))
In this case, the principal (P) is $400, the interest rate (r) is 5% (0.05 in decimal form), and the time (t) is 9 years. Plugging in these values:
Future Value = $400 × (1 + 0.05)^9
= $400 × (1.05)^9
= $400 × 1.551328
= $620.53 (rounded to two decimal places)
Therefore, after 9 years, the compound interest account will have a future value of approximately $620.53.
The difference in the amount of money between the compound interest account and the simple interest account after 9 years is:
Difference = Future Value (Compound Interest) - (Principal + Simple Interest)
= $620.53 - ($400 + $180)
= $620.53 - $580
= $40.53
Therefore, you will have approximately $40.53 more money if you invest in the compound interest account compared to the simple interest account after 9 years.
Learn more about simple interest here:
brainly.com/question/30964667
#SPJ11
Find solutions for your homework
Find solutions for your homework
businessaccountingaccounting questions and answersgiven: population- 500 accounts sample- 100 accounts book value of sample- $20,000 population book value- $75,000 audit value of sample- $18,000 tolerable error- $8,000 using difference estimation, the projected population value is a.$83,000 b.$90,000 c.$67,000 d.$65,000 e.$85,000
Question: Given: Population- 500 Accounts Sample- 100 Accounts Book Value Of Sample- $20,000 Population Book Value- $75,000 Audit Value Of Sample- $18,000 Tolerable Error- $8,000 Using Difference Estimation, The Projected Population Value Is A.$83,000 B.$90,000 C.$67,000 D.$65,000 E.$85,000
Given:
Population- 500 accounts
Sample- 100 accounts
Book Value of Sample- $20,000
Population Book Value- $75,000
Audit Value of Sample- $18,000
Tolerable error- $8,000
Using difference estimation, the projected population value is
a.$83,000
b.$90,000
c.$67,000
d.$65,000
e.$85,000
Audit value of sample / Book value of the sample = ($18,000 - $8,000) / $20,000 = 0.5, Projected population value = 0.5 * $75,000 = $37,500Therefore, the projected population value is $67,000. Hence, the correct option is c. $67,000.
Given:
Population - 500 accounts Sample - 100 accounts Book Value of Sample - $20,000, Population Book Value - $75,000Audit Value of Sample - $18,000Tolerable Error - $8,000Using Difference Estimation, the projected population value is $67,000.How to calculate it? The projected population value can be calculated as follows: Projected population value = [(Audit value of sample / Book value of the sample) * Population Book Value]The Audit value of sample / Book value of the sample can be calculated as follows: Audit value of sample / Book value of the sample = (Audit value of sample - Tolerable Error) / Book value of the sample. Therefore, Audit value of sample / Book value of the sample = ($18,000 - $8,000) / $20,000 = 0.5, Projected population value = 0.5 * $75,000 = $37,500Therefore, the projected population value is $67,000. Hence, the correct option is c. $67,000.
To know more about population visit:
https://brainly.com/question/33138826
#SPJ11
"Sales D
actual sales data
When actual sales are greater than forecasted sales, the:
a. inventory will decline.b. production schedules might have to be revised upward.c. accounts receivable will rise.How does actual sales being greater than forecasted sales impact business operations?When actual sales exceed forecasted sales, it has implications for multiple areas of a business. Iff sales are higher than anticipated, it is likely that the demand for products or services is greater than expected.
This can lead to a decline in inventory levels as more goods are being sold than initially projected, requiring businesses to adjust their stock levels accordingly.
Full:
When actual sales are greater than forecasted sales
a. inventory will decline.
b. production schedules might have to be revised upward.
c. accounts receivable will rise.
d. all of these.
Read more about Sales
brainly.com/question/25743891
#SPJ1
The corporate VP has requested that you perform an analysis on two countries. The analysis is to determine which country has the best environment for international trade and business expansion.
Your analysis will include major areas of VP concern, a recommendation and rational for your recommendation. The areas of concern for the VP are to include:
BANGLADESH PLEASE.
Description of region/country with a focus on business related content
Form of government with your opinion of political and legal stability
Methods to offset international trade risk that would be encountered for your countries
Comparison of economies to determine greatest potential for profit growth (MUST Include charts with GDP and GDP per capita)
Comparison of region/country infrastructure and education system
United States dollar strengthen and weakening: Present current valuation (U.S. Dollar versus the two countries’ currency) and effect on corporate profits.
To perform an analysis on Bangladesh and another country for international trade and business expansion, several areas of concern should be considered:
1. Description of region/country with a focus on business-related content: Provide an overview of Bangladesh's geographical location, resources, and cultural aspects that are relevant to international trade and business expansion.
2. Form of government with your opinion of political and legal stability: Discuss the type of government in Bangladesh and assess its political and legal stability. Evaluate factors like corruption levels, political stability, and legal framework that may impact business operations.
3. Methods to offset international trade risk for the countries: Outline strategies or methods to mitigate potential risks associated with international trade, such as political instability, currency fluctuations, and trade barriers. Examples may include diversifying markets, hedging currency risks, or establishing joint ventures with local partners.
4. Comparison of economies to determine the greatest potential for profit growth: Compare the economies of Bangladesh and the other country in terms of GDP and GDP per capita. Use charts to present this comparison, highlighting growth trends and potential opportunities for profit expansion in each country.
5. Comparison of region/country infrastructure and education system: Assess the infrastructure and education system in both countries, including transportation networks, communication systems, and the quality of education.
6. United States dollar strength and weakening: Present the current valuation of the US Dollar versus the currencies of both countries. Explain how the strength or weakness of the US Dollar can impact corporate profits, particularly in terms of import/export costs and exchange rate risks.
To know more about expansion visit:
https://brainly.com/question/15572792
#SPJ11
Cookies by Casey has sales of $488,400 with costs of $265,800. Interest expense is $24,600 and depreciation is $43,400. The tax rate is 21 percent. What is the net income? Net Income =$ Allowed attempts: 2
According to the question the net income has sales, the net income for Cookies by Casey is $122,134.
To calculate the net income, we need to subtract all the expenses from the sales revenue and then subtract the tax expense. Here's the calculation:
Sales revenue: $488,400
Cost of goods sold: $265,800
Interest expense: $24,600
Depreciation: $43,400
First, let's calculate the gross profit:
Gross Profit = Sales revenue - Cost of goods sold
Gross Profit = $488,400 - $265,800 = $222,600
Next, calculate the operating profit:
Operating Profit = Gross Profit - Interest Expense - Depreciation
Operating Profit = $222,600 - $24,600 - $43,400 = $154,600
Now, calculate the tax expense:
Tax Expense = Operating Profit * Tax Rate
Tax Expense = $154,600 * 21% = $32,466
Finally, calculate the net income:
Net Income = Operating Profit - Tax Expense
Net Income = $154,600 - $32,466 = $122,134
To learn more about net income
https://brainly.com/question/28390284
#SPJ11
can complement both rational and bounded rational decision making. A. Heuristic B. Evidence based management C. Intuitive decision making D. Anchoring effect A. Click Submit to complete thes assessment. 4 Moving to the next question prevents changes to this answer. Question 3 All employees must be at their work stations and ready to work by the time the buzzer sounds." This is an ecample of a policy a procedure a rule a practice
Intuitive decision making complements both rational and bounded rational decision making processes. So, the correct option is C. Intuitive decision making.
Intuitive decision making is a cognitive process that relies on instinct, experience, and tacit knowledge. It complements rational decision making by allowing individuals to rely on their intuition and gut feelings when faced with complex or ambiguous situations. Intuitive decision making can help fill gaps in information or when time constraints limit the ability to engage in a comprehensive rational analysis.
Rational decision making, on the other hand, is a systematic approach that involves gathering relevant information, evaluating alternatives, and selecting the best course of action based on logical reasoning and objective criteria. It aims to optimize outcomes by considering all available data and making decisions that align with predetermined goals and objectives.
Intuitive decision making can be seen as a response to these limitations, allowing individuals to make quick judgments based on their accumulated knowledge and past experiences.
In summary, intuitive decision making can complement both rational and bounded rational decision making approaches by providing an additional dimension of insight and leveraging the expertise and tacit knowledge of individuals.
To know more about Outcomes visit-
brainly.com/question/13992309
#SPJ11
Alex purchased a 10-year, zero-coupon bond today with a yield to maturity of 7.5% and face value of $1,000. One year later, if the yield to maturity decreases to 6%, what will the price of the bond be 1 year later? A. $591.90 D. $1,060.00 B. $558.39 E. $943.40 C. \$ −5.19 Question 9 Alex purchased a 10-year, zero-coupon bond today with a yield to maturity of 7.5% and face value of $1,000. One year later, the yield to maturity decreased to 6%. What was Alex's rate of return for the 1-year period that he held the bond? A. 22.0% E. 18.0% D. 12.2% C. 7.5% B. 11.1%
The price of the bond one year later will be $930.23. Alex's rate of return for the 1-year period is approximately 6.95%, which is closest to option C: 7.5%.
To calculate the price of the bond one year later, we can use the formula for the present value of a bond:
[tex]\[Price = \frac{Face\ Value}{(1 + Yield\ to\ Maturity)^{Years}}\][/tex]
Given that the face value is $1,000, the initial yield to maturity is 7.5%, and the time period is one year, we can calculate the price as follows:
[tex]\[Price = \frac{1,000}{(1 + 0.075)^1} = \$930.23\][/tex]
Therefore, the price of the bond one year later, when the yield to maturity decreases to 6%, will still be $930.23.
To calculate the rate of return for the 1-year period that Alex held the bond, we can use the formula for the rate of return:
[tex]\[Rate\ of\ Return = \left(\frac{Ending\ Value}{Beginning\ Value}\right)^{\frac{1}{Years}} - 1\][/tex]
Given that the beginning value is $930.23 and the ending value is $1,000, and the time period is one year, we can calculate the rate of return as follows:
[tex]\[Rate\ of\ Return = \left(\frac{1,000}{930.23}\right)^{\frac{1}{1}} - 1 = 0.0695\][/tex]
So, the rate of return for the 1-year period is approximately 6.95%, which is closest to option C: 7.5%.
Learn more about present value
https://brainly.com/question/14860893
#SPJ11
Entity F has current assets of $250,000 and current liabilities of $150,000. If the company pays an account payable of $50,000 what will its current ratio be? (round to two places if necessary)
a.2.00:1
b.1.75:1
c.2.50:1
d.1.33:1
The current ratio for Entity F after paying the account payable will be 2.50:1. The correct answer is c. 2.50:1.
To calculate the current ratio, we divide current assets by current liabilities. The current ratio provides an indication of a company's short-term liquidity and its ability to cover its current obligations with its current assets.
In this case, Entity F has current assets of $250,000 and current liabilities of $150,000. If the company pays an account payable of $50,000, we need to adjust the current liabilities accordingly.
Adjusted Current Liabilities = Current Liabilities - Amount Paid
Adjusted Current Liabilities = $150,000 - $50,000
Adjusted Current Liabilities = $100,000
Now, we can calculate the current ratio:
Current Ratio = Current Assets / Adjusted Current Liabilities
Current Ratio = $250,000 / $100,000
Current Ratio = 2.50
Therefore, the current ratio for Entity F after paying the account payable will be 2.50:1.
The correct answer is c. 2.50:1.
To know more about assets, visit:
https://brainly.com/question/14826727
#SPJ11
In which stage in the project life cycle would critical path calculations be performed?
Critical path calculations will be performed in project life cycle during the planning phase
Project life cycleIn project life cycle, the planning phase is the second stage and it is where project objectives are defined, tasks are identified, and project schedules and budgets are developed.
Critical path is the sequence of tasks that must be done within the given timeframe. It is calculated by identifying the longest path of all the dependent activities in the project network diagram.
Learn more on project life cycle on https://brainly.com/question/2794122
#SPJ4
Suppose the demand for an exhaustible resource is 0f =350−p1, the interest rate is 10%, and the real amount of the resource is 138. 66 pounds and the marginal cost of extraction is zero Assuming all of the sources will be extracted in two periods, what is the price in the first period? (Enfer your fesponse rounded to five decimal places) How much was it extracted in the first period? pounds (Enter your response rounded to two decimal places) What is the price in the second period? 1 (Enter your response rounded to hub decimal places.) How much is extracted in the second period? pounds (Enter your response rounded to two decimal places)
The price in the second period is 6.933 (rounded to one decimal place).
The quantity extracted in the second period is 343.067 pounds.
To determine the price and quantity extracted in each period, we need to apply Hotelling's rule, which states that the price should increase at the rate of interest over time.
First, let's calculate the price in the first period:
Given: f = 350 - p1, r = 0.10, and q1 = 138.66 pounds
Using Hotelling's rule, set up the equation:
p1 = (r * q1) / 2
Substituting the given values:
p1 = (0.10 * 138.66) / 2
p1 = 13.866
The price in the first period is 13.866 (rounded to five decimal places).
Next, let's calculate the quantity extracted in the first period:
q1 = f - p1
q1 = 350 - 13.866
q1 = 336.134 pounds (rounded to two decimal places)
The quantity extracted in the first period is 336.134 pounds.
Moving on to the second period, let's calculate the price:
Given: r = 0.10 and q2 = 138.66 pounds
Using Hotelling's rule, we can set up the equation:
p2 = (r * q2) / 2
Substituting the given values:
p2 = (0.10 * 138.66) / 2
p2 = 6.933
Lastly, let's calculate the quantity extracted in the second period:
q2 = f - p2
q2 = 350 - 6.933
q2 = 343.067 pounds (rounded to two decimal places)
Learn more about quantity extracted here:
https://brainly.com/question/27960858
#SPJ11
A market value weighted index has three stocks in it, priced at 62.6,96.9, and 81.9 per share, and each firm has 467,398 and 396 thousand shares outstanding, respectively. The value of the index today is 554.8. Over the course of a month, the market does its random walk- y thing, and the prices of the three stocks change do 87.9,86.5,56.3, respectively. What is the new value of the index? Enter answer accurate to two decimal places.
To calculate the new value of the market value weighted index, we need to consider the changes in the prices of the three stocks and the number of shares outstanding for each stock.
Stock 1: Price = 62.6 per share, Shares Outstanding = 467,398
Stock 2: Price = 96.9 per share, Shares Outstanding = 396,000
Stock 3: Price = 81.9 per share, Shares Outstanding = 396,000
After a month, the prices of the three stocks change to:
Stock 1: Price = 87.9 per share
Stock 2: Price = 86.5 per share
Stock 3: Price = 56.3 per share
To calculate the new value of the index, we multiply the price of each stock by its corresponding number of shares outstanding and then sum them up. Finally, we divide the sum by the original value of the index and multiply by 100.
New value of the index = (Price1 * Shares1 + Price2 * Shares2 + Price3 * Shares3) / Original value of the index * 100
Substituting the values:
New value of the index = (87.9 * 467,398 + 86.5 * 396,000 + 56.3 * 396,000) / 554.8 * 100
Calculating the new value of the index using the above formula, the result is approximately 139.32 (accurate to two decimal places).
To Know more about corresponding number
https://brainly.com/question/13599745
#SPJ11
