Buying pounds forward can hedge exchange rate risk for a US firm with £50 million in UK assets to be repatriated in six months. Thus the correct option is A.
By purchasing pounds in advance, a U.S. company with £50 million in assets in Britain may insure against currency rate risk. To safeguard against potential unfavourable currency rate swings, this entails deciding on a future exchange rate for the pound and locking it in.
Selling pounds in the future would expose the company to exchange rate risk, thus it is not a good idea. Additionally ineffective would be borrowing in pounds, which would expose the company to interest rate risk on top of currency rate risk. Combining borrowing and selling pounds forward wouldn't increase the benefits of hedging.
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A) buying pounds forward.
The US company should purchase pounds in the future in order to protect itself from the exchange rate risk associated with repatriating £50 million in six months. This entails deciding to buy pounds in the future at a set exchange rate. The company is able to insulate itself from the danger of unfavorable exchange rate changes by doing this and locking in a favorable exchange rate. Since the company wishes to repatriate the pounds rather than sell them, selling pounds forward is a poor plan. Additionally, borrowing pounds would not be a wise course of action because doing so would increase the firm's exposure to currency risk and increase the amount of time it would take to convert the borrowed pounds back to US dollars. Buying pounds forward is the most effective way to hedge against the currency risk associated with repatriating the £50 million.
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During an economic crisis, John Maynard Keynes would most likely encourage a government to:
A.
seize control of the country's largest businesses.
B.
cut government spending to avoid a budget deficit.
C.
allow businesses to freely develop a solution.
D.
borrow money to pay for economic relief programs.
Answer:
D. borrow money to pay for economic relief programs.
Explanation:
During an economic crisis, John Maynard Keynes, a renowned economist, would most likely encourage a government to increase spending and borrow money to stimulate demand and create jobs. This approach is known as Keynesian economics, which holds that during a recession or depression, the government should intervene in the economy to increase spending and provide economic relief. Keynes argued that in times of crisis, consumers and businesses may cut back on spending, which can exacerbate the economic downturn. By borrowing and spending money on infrastructure projects or other stimulus programs, the government can help to increase demand and stabilize the economy. Therefore, option D, borrow money to pay for economic relief programs, is the answer that best aligns with Keynesian economic principles.
A loan of $105,487.80 is to be amortized over a 10-year term at 6% interest compounded monthly with monthly payments and a $20,000 balloon payment at the end of the term. Calculate the monthly payment.
The monthly payment is $
(Do not round until the final answer. Then round to two decimal places as needed.)
Answer:
$1049.09
Explanation:
The present value of the balloon payment is ...
$20,000/(1 +.06/12)^(12·10)) = $10,992.65
So, the effective amount of the loan is ...
$105,487.80 -10,992.65 = $94,495.15
The amortization formula gives the payment as ...
A = P(r/n)/(1 -(1 +r/n)^(-nt)) = $94,495.15(.06/12)/(1 -(1 +.06/12)^(-12·10))
= $94,495.15(.005)/0.450367 = $1049.09
The monthly payment is $1049.09.
please help 15 points if right brainliest
The other forms and methods of startup capital—the ones that don’t use the money of outside investors—are collectively referred to as bootstrapping. False True
The other forms and methods of startup capital—the ones that don't use the money of outside investors—are collectively referred to as bootstrapping. Venture capitalists are ruthless; angel investors are kind-hearted.
Answer:
The other forms and methods of startup capital—the ones that don't use the money of outside investors—are collectively referred to as bootstrapping. True False
✓ true
Explanation:
Consider Robinson from Question 1. Suppose his technology for producing coconuts (x) changes to x = l 2/3. His utility function remains the same: u(l, x) = x − l/2.(a) Calculate the new Pareto efficient allocation.(b) Derive the competitive equilibrium of this economy. Find Robinson’s consumption of coconuts, his labor supply, the market wage rate, and the firm’s profits.
a) Using the new MRS, we can then derive Robinson's new indifference curve and find the point where it is tangent to the Pareto frontier. This will give us the new Pareto efficient allocation.
b) Robinson's utility function and the new production function to derive his optimal consumption of coconuts and labor supply.
(a) We are asked to calculate the new Pareto efficient allocation. Pareto efficiency refers to a situation where it is impossible to make someone better off without making someone else worse off. In other words, there is no way to redistribute resources among individuals to make at least one person better off without making someone else worse off.
To find the new Pareto efficient allocation, we need to find the allocation of labor and coconuts that maximizes Robinson's utility, subject to the constraint that the allocation is Pareto efficient.
We can use the new production function x = l 2/3 to derive Robinson's new marginal rate of substitution (MRS), which represents the rate at which Robinson is willing to trade off one good for another while keeping his utility constant.
(b) We are also asked to derive the competitive equilibrium of this economy.
In a competitive equilibrium, the market forces of supply and demand determine the prices of goods and services, and individuals make decisions based on these prices.
To find the competitive equilibrium, we need to derive the market demand and supply curves for coconuts and labor.
We can then find the point where these curves intersect, which represents the competitive equilibrium.
At the competitive equilibrium, the market wage rate and the price of coconuts are determined. We can also find the firm's profits by subtracting its production costs from its revenue.
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Technology has made our life easier. Justify the statement.
Tipton One-Stop Decorating sells paint and paint supplies, carpet, and wallpaper at a single-store location in suburban Des Moines. Although the company has been very profitable over the years, management has seen a significant decline in wallpaper sales and earnings. Much of this decline is attributable to the Internet and to companies that advertise deeply discounted prices in magazines and offer customers free shipping and toll-free telephone numbers. Recent figures follow.
Paint and
Supplies Carpeting Wallpaper Sales $ 380,000 $ 460,000 $ 140,000 Variable costs $ 228,000 $ 322,000 $ 112,000 Fixed costs 56,000 75,000 45,000 Total costs $ 284,000 $ 397,000 $ 157,000 Operating income (loss) $ 96,000 $ 63,000 $ (17,000 ) Tipton is studying whether to drop wallpaper because of the changing market and accompanying loss. If the line is dropped, the following changes are expected to occur:
The vacated space will be remodeled at a cost of $12,400 and will be devoted to an expanded line of high-end carpet. Sales of carpet are expected to increase by $120,000, and the line’s overall contribution margin ratio will rise by five percentage points.
Tipton can cut wallpaper’s fixed costs by 40 percent. Remaining fixed costs will continue to be incurred.
Customers who purchased wallpaper often bought paint and paint supplies. Sales of paint and paint supplies are expected to fall by 20 percent.
The firm will increase advertising expenditures by $25,000 to promote the expanded carpet line.
Required:
1-a. Calculate the income or loss if Tipton closes its wallpaper operation.
If Tipton closes its wallpaper operation, it would incur a loss of $22,000.
To calculate the income or loss if Tipton closes its wallpaper operation, we need to consider the changes that would occur as a result of this decision.
1. Reduction in Sales:
- Sales of wallpaper amount to $140,000. If Tipton closes its wallpaper operation, this revenue would be lost.
2. Variable Costs:
- Variable costs associated with wallpaper sales amount to $112,000. If Tipton closes its wallpaper operation, these costs would no longer be incurred.
3. Fixed Costs:
- Fixed costs associated with wallpaper amount to $45,000. Tipton can reduce these fixed costs by 40%, resulting in a savings of $18,000.
4. Carpet Sales Increase:
- If Tipton expands its line of high-end carpet into the vacated space, sales of carpet are expected to increase by $120,000.
5. Contribution Margin Ratio Increase:
- The line's overall contribution margin ratio is expected to rise by five percentage points. Since the contribution margin ratio is not provided in the given information, we'll assume it to be 25% before the change. With the five-percentage-point increase, the new contribution margin ratio would be 30%.
Now, let's calculate the income or loss if Tipton closes its wallpaper operation:
Sales:
- Carpet sales: $460,000 + $120,000 = $580,000
- Paint and paint supplies: $380,000 - (20% x $140,000) = $380,000 - $28,000 = $352,000
Variable Costs:
- Carpet variable costs: $322,000 (no change)
- Paint and paint supplies variable costs: $228,000 - (20% x $112,000) = $228,000 - $22,400 = $205,600
Fixed Costs:
- Wallpaper fixed costs: $45,000 - (40% x $45,000) = $45,000 - $18,000 = $27,000
- Carpet fixed costs: $75,000
Contribution Margin:
- Carpet contribution margin: $580,000 x 30% = $174,000
- Paint and paint supplies contribution margin: $352,000 x 25% = $88,000
Operating Income (Loss):
- Operating income = Contribution margin - Fixed costs
- Operating income = ($174,000 + $88,000) - ($27,000 + $75,000) = $235,000 - $102,000 = $133,000
Since the question asks for the income or loss if Tipton closes its wallpaper operation, we need to subtract the savings in fixed costs related to wallpaper from the operating income:
- Operating income - Savings in fixed costs = $133,000 - $18,000 = $115,000
However, the question states that there will be remodeling costs of $12,400 associated with the vacated space. Therefore, the final income or loss if Tipton closes its wallpaper operation would be:
- $115,000 - $12,400 = -$22,000 (loss)
Hence, if Tipton closes its wallpaper operation, it would incur a loss of $22,000.
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Calculate the FV for the following 3 scenarios. Investment scenario #1:
You invest $1,000 (PV) for 10 years (n) at an interest rate of 5% (r). What is the amount you would receive at
the end of 10 years (FV)?
Investment scenario #2:
You invest $5,000 (PV) for 20 years (n) at an interest rate of 8% (r). What is the amount you would receive at
the end of 20 years (FV)?
Investment scenario #3:
You invest $10,000 (PV) for 30 years (n) at an interest rate of 12% (r). What is the amount you would receive
at the end of 30 years (FV)?
PLEASE ANSWER WITH WORK SHOWN :)
Answer:
?
Explanation:
Answer:
$2191.12
Explanation:
We are asked to find the value of a bond after 10 years, if you invest $1000 in a savings bond that pays 4% interest, compounded semi-annually.
FV=C_0\times (1+r)^n, where,
C_0=\text{Initial amount},
r = Rate of return in decimal form.
n = Number of periods.
Since interest is compounded semi-annually, so 'n' will be 2 times 10 that is 20.
4\%=\frac{4}{100}=0.04
FV=\$1,000\times (1+0.04)^{20}
FV=\$1,000\times (1.04)^{20}
FV=\$1,000\times 2.1911231430334194
FV=\$2191.1231430334194
FV\approx \$2191.12
Therefore, the bond would be $2191.12 worth in 10 years.
) calculate the size of the labor force. show your work. (b) calculate the labor force participation rate. show your work. (c) given the state of the economy described in the table, is actual real output less than, greater than, or equal to potential real output? explain. (d) calculate what the cyclical unemployment rate would be if the actual rate of unemployment increased to 5 percent. show your work. (e) suppose discouraged workers reenter the labor force and find employment. will the actual rate of unemployment increase, decrease, or stay the same?
(a) Size of labor force: 220 people
(b) Official unemployment rate: 9.09%.
(c) Labor force participation rate: 55%.
Explain about the Labor Force?Individuals who have jobs and unemployed make up the labor force in a country. The rate of labor force participation, rate of unemployment, employment-to-population ratio, plus involuntary part-time rate are other labor market indicators.(a) Size of labor force:
Labor force = employed + unemployed
Given:
Employed = 200
Unemployed = 20
Thus,
Labor force = 200 + 20
Labor force = 220 people
(b) Official unemployment rate:
Official unemployment rate = (Number of Unemployed / Labor force)*100
Given:
Number of Unemployed = 20
Labor force = 220
Thus,
Official unemployment rate = (20 / 220) * 100
Official unemployment rate = 9.09%.
(c) Labor force participation rate:
Labor force participation rate = Labor force / working age population* 100
Given:
Labor force = 220
Working age population = 400
Thus,
Labor force participation rate = (220 / 400) * 100
Labor force participation rate = 55%.
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_____ is face-to-face selling away from a fixed retail location. A. Interactive commerce. B. Direct selling. C. Telemarketing D. Direct-response marketing
B. Direct selling is face-to-face selling away from a fixed retail location. This method involves sales representatives engaging with customers directly, often through door-to-door sales, in-home product demonstrations, or at events, rather than at a fixed retail location. In contrast, direct-response marketing (D) typically involves advertisements that prompt an immediate response from the consumer, while telemarketing (C) is conducted over the phone.
what does these symbols mean on a measuring tape' &"
which of the folwoiing statments is true? federal laws typically allow insurance companies and pension funds to purchase nopn-investment grade bonds.
The statement that federal laws typically allow insurance companies and pension funds to purchase non-investment-grade bonds is not entirely true.
While there are some limited circumstances in which these entities may be allowed to invest in lower-rated bonds, such investments are generally considered risky and not permitted under most federal regulations. Instead, insurance companies and pension funds are typically required to invest in higher-quality, investment-grade bonds in order to minimize risk and ensure the safety of their clients' funds.
Federal laws generally permit insurance companies and pension funds to purchase non-investment-grade bonds, which are also known as high-yield or junk bonds. These bonds carry a higher risk than investment-grade bonds but can offer higher returns. Insurance companies and pension funds may invest in them as part of a diversified portfolio to potentially enhance overall returns while managing risk exposure. However, it's important to note that specific regulations and investment policies may vary among different insurance companies and pension funds.
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An economics illiterate friend of yours with great technicalknowledge in space exploration wishes to start a new company in herarea of expertise. After reading a do-it-yourself entrepreneurmanual she finds out that the basic blueprint for a company’s profitability and survival involves three elements.(A) Find a starting niche from which the firm can expand.(B) Produce the product at scale(C) Create a sales-and-distribution network (3%)Which of the following statements provides the economic rationale for which stage in the above sequence?1. Minimisation of fixed costs of production2. Gaining access to stock exchange finance3. Exploitation of monopoly power to earn economic profits4. Reduction of average cost of production5. Securing long-run lease for the premises of the company6. Obtaining government subsidies
7. Reduction of transaction costs
8. Minimisation of profit tax
In starting a company, each stage in the sequence, starting from finding a starting niche, producing the product at scale, and creating a sales-and-distribution network involves some economic rationale.
Here are the economic rationale for each stage of starting a company:
(A) Find a starting niche from which the firm can expand:
The economic rationale for this stage is the "3. Exploitation of monopoly power to earn economic profits."
Finding a niche allows the company to specialize and potentially dominate a specific market, which may lead to monopoly power and the ability to earn higher profits.
(B) Produce the product at scale:
The economic rationale for this stage is "4. Reduction of average cost of production."
When a company produces its product at scale, it can take advantage of economies of scale. This means that the average cost of production decreases as the company produces more units, ultimately leading to higher profitability.
(C) Create a sales-and-distribution network:
The economic rationale for this stage is "7. Reduction of transaction costs."
By creating an efficient sales and distribution network, the company can reduce transaction costs associated with selling and distributing its products. Lower transaction costs can lead to increased profits for the company.
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In the month of September, 2015, the board of directors of Elem Inc. declares a $5 dividend to the holders of its 30,000 outstanding shares of common stock. Which account will be debited in the journal entry?
A.
cash in bank account
B.
dividend expenses account
C.
dividend payable account
D.
common stock account
E.
treasury stock account
B. The journal entry will debit the account for dividends payable.
The dividends payable account is what?The period between the declaration of dividends and the actual payment of those payouts is covered by the dividends payable account. There are no remaining separate dividend or dividend-related accounts on the balance sheet after cash dividend payments have been completed.
Do dividend payments qualify as accounts payable?The board of directors of a corporation may declare certain dividends payable to its shareholders. The cash amount of the dividend is recorded as a current liability in a dividends payable account until the corporation actually pays the shareholders.
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Consider the following balance sheet:
BestCare HMO
Balance Sheet
June 30, 2011
(in thousands)
Assets
Current Assets:
Cash $2,737
Net premiums receivable 821
Supplies 387
Total current assets $3,945
Net property and equipment $5,924
Total assets $9,869
Liabilities and Net Assets
Accounts payable—medical
Services $2,145
Accrued expenses 929
Notes payable 382
Total current liabilities $3,456
Long-term debt $4,295
Total liabilities $7,751
Net assets—unrestricted
(equity) $2,118
Total liabilities and net
Assets $9,869
a. How does this balance sheet differ from the one presented in Exhibit 4.1 for Sunnyvale?
b. What is BestCare’s net working capital for 2011?
c. What is BestCare’s debt ratio? How does it compare with Sunnyvale’s debt ratio?
a. The balance sheet for BestCare HMOB is different from the one presented in Exhibit 4.1 for Sunnyvale. b. BestCare’s net working capital for 2011 is $3,945 - $3,456 = $489 thousand. c. BestCare’s debt ratio is 78.9%.
Exhibit 4.1 for Sunnyvale in that it includes an entry for “Net premiums receivable” and “Notes payable”. It also includes a separate line item for “Net property and equipment” which was not present in Sunnyvale’s balance sheet.
BestCare’s debt ratio is 7,751/9,869 = 78.9% which is higher than Sunnyvale’s debt ratio of 71.2%, suggesting that BestCare has higher leverage and more debt than Sunnyvale. This is likely because BestCare is a larger organization and has more assets and liabilities than Sunnyvale.
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Example of derivative securities isA. return backed securityB. mortgage backed securityC. cash flow backed securityD. interest backed security
Mortgage-backed securities are an example of derivative securities. A derivative security is a financial instrument whose value is determined by another asset's value. Futures, forwards, options, and swaps are the four primary forms of derivatives.
Derivatives (also known as derivative assets or contingent claims) are securities whose value is determined by an underlying asset or benchmark (also known as the underlying) — another security, commodity, or some benchmark, such as a specific interest rate or the value of a financial index at a specified time. Derivatives are a sort of structured product that is based on a contract and involves the structuring of an asset or combination of assets to offer an investment or hedge with a risk and return profile that would otherwise be unavailable with simpler assets. Primitive securities are based on real assets or payments made by the issuer. Stocks, for example, reflect an ownership interest in a firm, but bonds are valued mostly on what the issuer promises to pay.
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Posttest
Your boss called you inta meeting this morning to tell you that he feels that you are not being as productive as you could be. He thinks you are wasting time on things that don't matter. What is the best strategy to address his concerns and to help you overcome whatever productivity issues you may have?
Approach your boss's concerns with an open mind, being transparent about your work activity, taking ownership of your progress, setting goals and deadlines, prioritizing your work, and using productivity tools can help to address any productivity issues you may be facing.
Tips that may help you approach the conversation with your boss in a productive manner:1. Listen carefully to your boss's concerns: Your boss's feedback is valuable, and it's important to listen to what they have to say about your productivity. Make sure to fully understand their concerns before responding.
2. Be transparent about your work:- Provide your boss with a detailed account of your work activities so that they can get a better sense of what you are spending your time on.
3.Take responsibility for improvement: As an employee, it's important to take ownership of your productivity issues and find solutions to any weaknesses that have been identified. Instead of blaming external factors, focus on what you can do differently to become more efficient and productive.
4. Set clear goals and deadlines: Work with your boss to set specific goals and deadlines for your work. This will help you stay focused and give you a clear sense of what you need to accomplish each day.
5. Prioritize your work: There are always going to be distractions and competing demands on your time, but it's important to prioritize your work based on what is most important and what will have the greatest impact on achieving your goals.
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what objects are necessary for the formation of shadows ?
Answer:
The following three things are required for a shadow to form:
a source of light.
an opaque object.
a screen or surface behind the object.
Marketing communications program are money spent on advertising does not necessarily have an instant impact on sales but can influence viewers to buy the advertised product at a later time. This phenomenon is called the
The carryover is the name for this occurrence. Any form of study where subjects are examined more than once may be biased by this so-called carryover effect.
What exactly does "carryover" mean?The transfer of undesired substance through one container or combination to another is referred to as the "carryover effect" in clinical chemistry. It describes how one sample affects subsequent ones. It could come from the washing media, a chemical, or even a sample. If a treatment's effects last even after it is stopped, the reaction to a subsequent treatment may very possibly be partially influenced by the first.
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Which type of leaders acts as an ""information centre and exercises minimum control?
The leader who acts as an "information center" and cardiovascular exercises minimal control is known as a Laissez-faire leader. A laissez-faire leader is a type of leader who acts as an "information center" and exercises minimum control.
A laissez-faire leader, also known as a delegative leader, is a type of leader who gives his subordinates a great deal of autonomy in their work.Such a leader only provides assistance and resources when requested by the subordinates.
The term "laissez-faire" is a French word that means "let them do as they please."This leadership style is particularly successful when the group is highly competent and self-motivated. When the leader is dealing with highly qualified individuals, a laissez-faire leadership style can result in an increase in creativity and innovation as well as an increase in group motivation and job satisfaction.In conclusion, a laissez-faire leader is a type of leader who acts as an "information center" and exercises minimal control.
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a sinking fund is established to discharge a debt of $60,000 in 5 years. if deposits are made at the end of each 6-month period and interest is paid at the rate of 5%, compounded semiannually, what is the amount of each deposit? (round your answer to the nearest cent.)
A sinking fund is established to discharge a debt of $60,000 in 5 years. if deposits are made at the end of each 6-month period and interest is paid at the rate of 5%, compounded semiannually, what is the amount of each deposit? (round your answer to the nearest cent.)
The required details for sinking fund in given paragraph
A sinking fund allows corporations which have floated debt within side the shape bonds steadily shop cash and keep away from a huge lump-sum price at maturity. Some bonds are issued with the attachment of a sinking fund feature. The prospectus for a bond of this kind will become aware of the dates that the company has the choice to redeem the bond early the usage of the sinking fund.
Given that debt = 60,000 dollars
Therefore present value of debt = 60,000 dollars
Rate of interest = 5%
compounded semi anually
semi anually value of interest = 5%
term = 5 years
since deposit is 6 month period
period = 10 years
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Elaborate a roadmap for a friend so that he approaches his
entrepreneurial journey in the best way possible (Starting a small
business)
Starting a small business can be a challenging task but with a proper roadmap and guidance, your friend can approach his entrepreneurial journey in the best possible way. Here is a roadmap that can help your friend to start his own small business.
Define the business idea: To start any business, the first step is to define the business idea that will set the direction of the business. Your friend should analyze his skills, passion, and market demand to come up with a unique and feasible business idea.
Conduct Market Research: After defining the business idea, the next step is to conduct market research to analyze the market demand, competitors, target customers, and pricing strategies. This will help your friend to understand the potential of his business idea and make necessary changes to his business plan.
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why it is important to prepare a bank reconciliation statement at the end of each month
Explanation:
The purpose of preparing a Bank Reconciliation Statement is to detect any discrepancies between the accounting records of the entity and the bank besides those due to normal timing differences. Such discrepancies might exist due to an error on the part of the company or the bank.
The volume of a cube is found with the formula V = s3, where s is the length of an edge of the cube. A container in the shape of a cube has a volume of 125 cm³. What is the depth of the container? Th
The depth of the container is 5 cm as the volume of a cube with 5 cm edge length is 125 cm³.
The given volume of the container is 125 cm³. We know that the volume of a cube is given by the formula V = s³, where s is the length of the cube. Therefore, we can use the formula to find the edge length of the container: V = s³ 125 = s³
Taking the cube root of both sides to solve for s, we have s = 5.
Therefore, the length of an edge of the container is 5 cm. Since the container is a cube, all three sides are of equal length. Therefore, the depth of the container is also 5 cm. Hence, the depth of the container is 5 cm.
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A minimum wage that is set below a market's equilibrium wage will result in
A. an excess demand for labor, that is unemployment.
B. an excess demand for labor, that is, a shortage of workers.
C. an excess supply of labor, that is unemployment.
D. None of the above is correct.
Usually, a minimum wage that is set below a market's equilibrium wage will result in an excess demand for labor, which is, a shortage of workers.
What is a market's equilibrium wage?The equilibrium market wage refers to an intersection of the supply and demand for labor wage.
The minimum wage means the ceiling wage that must be paid to the labor.
Hence, when a minimum wage is set below a market's equilibrium wage, it will result in an excess demand for labor, which is, a shortage of workers.
Therefore, the Option B is correct
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In the ______ stage of team development, members depend on the project manager to provide direction and structure.
Based on business management, in the Forming stage of team development, members depend on the project manager to provide direction and structure.
Stages of team developmentForming StormingNormingPerformingAdjourningGenerally, the forming stage forms the first or early stage of team development.
During this period, the rest of the project manager and the members depend on him to provide direction and structure.
Hence, in this case, it is concluded that the correct answer is "Forming stage."
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A new school building was recently built in the area. The entire cost of the project was $20,000,000. The city has put the project on a 20-year loan with an APR of 2.7%. There are 21,000 families that will be responsible for making monthly payments towards the loan. Determine the total amount that each family should be required to pay each year to cover the cost of the new school building. Round your answer to the nearest cent, if necessary.
Each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.
To determine the total amount that each family should be required to pay each year to cover the cost of the new school building, we can follow these steps:
Calculate the total loan amount.
The loan amount is the cost of the project, which is $20,000,000.
Calculate the annual interest payment.
The annual interest payment can be calculated using the formula:
Annual Interest Payment = Loan Amount * Annual Interest Rate
Annual Interest Rate = APR / 100
In this case, the annual interest rate is 2.7% or 0.027.
Annual Interest Payment = $20,000,000 * 0.027 = $540,000
Determine the number of families responsible for payments.
There are 21,000 families responsible for making monthly payments.
Calculate the total amount each family should pay each year.
Total Amount per Family = Annual Interest Payment / Number of Families
Total Amount per Family = $540,000 / 21,000
Rounding the result to the nearest cent, each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.
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Sparks Corporation uses a predetermined overhead application rate of $.30 per direct labor hour. During the year it incurred $345,000 dollars of actual overhead, but it planned to incur $360,000 of overhead. The company applied $363,000 of overhead during the year. How many direct labor hours did the company plan to incur
The number of direct labor hours the company planned to incur is 400,000 hours.
Predetermined overhead application rate = $0.30 per direct labor hour
Actual overhead incurred = $345,000 dollars
Overhead planned to be incurred = $360,000
Overhead applied during the year = $363,000
Let the number of direct labor hours Sparks Corporation planned to incur be 'x'.
Therefore, overhead planned per direct labor hour = $360,000/x
Overhead applied per direct labor hour = $0.30
Therefore, using the formula for overhead application, we can write:
Overhead applied = Overhead rate × Direct labor hours
or$363,000 = $0.30 × DLDL
= $363,000/$0.30
= 1,210,000/3
Thus, DL = 403,333.3333 hours
x = $360,000/$0.30
= 1,200,000/3
= 4,00000
Hence, the number of direct labor hours the company planned to incur 400,000 hours.
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Please post detailed answers to the following questions. Please use complete sentences.
You may have noticed that honesty and ethics are important in finance and business careers. Why is this so important?
Answer:
see below
Explanation:
Ethics are a set of regulations and that guide people's behaviors. They are a set of generally accepted behavior in society. Ethics in business refers to the deliberate efforts to do the right thing.
Honesty and ethics are important in finance and business careers due to the following reasons
Asset Protection and AssuranceFinance and business professionals deal with sensitive information. They have access to financial records, accounting records, and personal shareholders and employees' records. Honesty and integrity are essential to ensure that the reports they present are accurate and reliable.
The majority of fraudulent activities originate from finance and business departments. Having employees of high integrity in those units will help protect business assets and assure the reliability of financial data.
2. Public Image and Brand Value Increases
Honest and ethical workers add to the goods reputation of a company. Business partners and customers will feel more confident transactions with the company. The company's brand image and value increase in the eyes of the public.
3. Team Work develops:
Honest workers have a relatively easy time working with others. Teamwork increases when employees work responsibly and as expected.
A marketing manager considers pricing objectives and constraints to ______. Multiple choice question. estimate the changes to demand that will occur with a price increase reduce dependence on product revenues narrow the range of choices among the variety of pricing strategies determine what kinds of special adjustments to the list price will work best
Answer:
The answer is "Narrow the range of choices among the variety of pricing strategies".
Explanation:
The marketing director considers target price and limitations to limit the range of pricing strategies among them.
It actively manages the promotion and placement of a brand or even the items and services sold by a firm.
These are typically involved in attracting more customers to the business and boost brand awareness through marketing activities.
If the store where you purchased an item cannot or will not help you with a problem,
the next place to turn is to the manufacturer.
TRUE OR FALSE
Answer:
True
Explanation: