Answers
Answer:
TRUE
Explanation:
A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
In the short run, the firm would continue to operate if its revenue covers variable cost. if it doesn't it would shut down.
Related Questions
Which of the following is true if you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels?
Answers
If you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels, the Marriott’s Best Rate Guarantee policy comes into effect.
Marriott’s Best Rate Guarantee policy is a commitment to providing the lowest rate possible. If you find a lower rate within 24 hours of booking through one of Marriott’s direct channels, Marriott will match that rate and offer an additional discount of 25%.
This policy applies to any Marriott brand including Ritz-Carlton, St. Regis, Westin, Sheraton, Aloft, and othersYou need to first book your reservation through Marriott’s direct channels like Marriott.com, the Marriott Mobile app, Marriott Bonvoy app, the Marriott Reservation Center, or directly with the hotel.
After that, you should look for lower rates on other third-party websites. If you find a lower rate within 24 hours, contact Marriott’s Customer Care team, and they will match that rate plus an additional discount of 25%.The policy does come with some terms and conditions.
The lower rate you find on the third-party website must be for the same hotel, same room type, same dates, same number of guests, same currency, and with the same booking conditions. It also excludes rates that are only available to members of certain groups or organizations, package rates that include flights, car rentals, and other amenities, and rates that are not available to the general public
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How does low unemployment affect international trade?
Answers
Answer:
Impact of international trade on unemployment
In a relatively skill-abundant country, international trade increases the relative price of the skill-intensive products. This reduces the unemployment rate of skilled workers and increases the unemployment rate of unskilled workers.
Explanation:
Nakia is trying to decide how to structure her business. She knows that it is important for her to make money selling hair care products to people who care about the environment. Which of the following would you recommend based on her business goals?
a) Make hair products that hurt the environment, and donate any extra money to non-profits
b) Write a mission statement that says her hair care line is sustainable, even if it isn’t
c) Start a non-profit organization that helps the environment
d) Sell a sustainable hair care product and work to be certified as a benefit-corporation
Answers
Based on her business goals it is recommended that she should Sell a sustainable hair care product and work to be certified as a benefit corporation. Thus the correct option is D.
What is Business?An economic activity that involves the exchange of goods and services with teh help of buying and selling with the objective to gain some profit is called Business.
In the given case it is indicated that Nakia is trying to structure her business by selling hair care products to people who care about the environment which helps in making revenue.
In order to generate more revenue and better customer satisfaction she should sell a sustainable hair care product that does not cause any harm to the environment and succeed in the expectations of the customer.
Therefore, option D is appropriate.
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The department chain you work for has had numerous complaints about slow customer service.
Your colleague, a sales manager, informs you that this happened at a previous store she worked for,
and it was cleared up by hiring more sales representatives. Should you take her advice to solve this
problem? Why or why not? What techniques can you use in evaluating the problem?
Answers
Answer:
The advice should not be taken, as it is a rush to judgement, which could mean that the wrong solution is used, wasting time and resources. You should ask the colleague to employ critical thinking. Critical thinking is sustained suspension of judgement with an awareness of multiple perspectives and alternatives. It involves at least four elements:
•Maintaining doubt and suspending judgement
•Being aware of different perspectives
•Testing alternatives and letting experience guide
•Being aware of organizational and personal limitations
What are three advantages and three disadvantages of globalization
Answers
A bank wants to lend money to a new small business owner in a beach town, but does not believe the
business will survive the off-season. They decide not to include this loan in their portfolio as they believe the
owner to be
____
O a reputation risk
O a market risk
O an investment risk
O a liquidity risk
Answers
Answer:
C. An investment risk
hope this helped :)
Answer:no
Explanation:
because the banker knows in a market share economy you have to get the most of that thing whether it’s love or money.
The Reverend Petros receives an annual salary of 51,000 as full-time minister this includes 5000 designated as a rental allowance River and Pedro is not exempt from employment tax how much must he include figuring that income for self-employed tax
Answers
If the Reverend Petros receives an annual salary of 51,000 as full-time minister that includes 5000 designated as a rental allowance. The amount that must be include figuring that income for self-employed tax is : $51,000.
What is annual salary?Annual salary can be defined as the amount a person earn as salary per year.
On the other hand self employed tax can be defined as the tax a person that is solely working for his/her self without working for any other person remit to the government.
Therefore the amount that must be include figuring that income for self-employed tax is the amount of $51,000.
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For the year 2021, Jones Company budgeted $170,000 for direct labor and $360,000 for factory overhead. Jones also budgeted 9,000 direct labor hours. Jones applies overhead based on direct labor hours. What is the standard overhead rate per hour for 2021? Round answer to closest cent.
Answers
The standard overhead rate per hour for 2021 is $40.
A Company budget price range is a spending plan for your enterprise day-to-day in your income and expenses. It identifies your daily capital, estimates your spending, and enables you are expecting revenue. A budget will let you everyday plan your business activities and can act as a yardstick for setting up monetary desires.
A Company budget facilitates creating financial stability. through monitoring costs and following a plan, a price range makes it less difficult daily pay payments on time, construct an emergency fund, and store for most important prices which include a vehicle or domestic. standard, a budget puts someone on a stronger financial footing for both the and the long time.
It allows a business daily cut costs, reach enterprise goals and count on any operational modifications as had to aid the commercial enterprise. A price range facilitates an enterprise to recognize its running costs and may be used every day to tune overall performance.
The computation of the standard overhead rate per hour for 2021 is shown below:-
Standard overhead rate per hour for 2021 = Factory overhead / Direct labor hours
= budgeted $170,000
= $360,000 / 9,000
= $40 (Rounded to closest cent)
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The question that I want is 9 a and b
Answers
Answer:
wwwwwwwwwwwwwwwwwwwwhhhhhhhhhhhhhhhhaaaaaaaaaaaaaaaaaatttttttttttttttttttttttttt!!??????
Explanation:
Answer:
i dont know
Explanation:
is the answer
Travis can mow a lawn in two hours or he can trim a tree in one hour. Ricardo can mow a lawn in three hours or he can trim a tree in two hours. a. Travis has an absolute advantage over Ricardo in trimming trees. b. Travis has a comparative advantage over Ricardo in mowing lawns. c. Ricardo has a comparative advantage over Travis in trimming trees. d. All of the above are correct.
Answers
Answer:
The correct answer to the following question will be Option A.
Explanation:
Absolute advantage analyses or monitors the obvious differences in the cost of land as well as its productivity amongst countries of the world; whereas comparative advantage calculates the differences observed in the cost of labor between nation-states.Travis may chop down a garden in 2 hours, and that he might prune a tree through one hour. Ricardo could even chop down a lawn for 3 hours, and then he can cut a tree for 2 hours. So Travis seems to have an absolute advantage surrounded by Ricardo in the chopping of trees.Other given options are not related to the given situation. So that option A is appropriate.
David Ortiz Motors has a target capital structure of 45% debt and 55% equity. The yield to maturity on the company's outstanding bonds is 12%, and the company's tax rate is 40%. Ortiz's CFO has calculated the company's WACC as 11.35%. What is the company's cost of equity capital
Answers
Answer:
the company's cost of equity capital is 14.75 %.
Explanation:
WACC = ke × (E/V) + kd × (D/V)
Where,
ke = cost of equity
= this is unknown
E/V = Weight of Equity
= 55%
kd = cost of debt
= Interest × ( 1 - tax rate)
= 12% × ( 1 - 0.40)
= 7.20 %
D/V = Weight of Debt
= 45%
Therefore,
WACC = ke × (E/V) + kd × (D/V)
11.35% = 55%ke + 7.20 % × 45%
11.35% = 55%ke + 3.24 %
55%ke = 8.11 %
ke = 14.75 %
When bonds are converted into common stock____.
a. the market price of the stock and the bonds is ignored when recording the conversion.
b. gains or losses on the conversion are recognized.
c. the market price of the stock on the date of conversion is credited to the Common Stock account.
d. the market price of the bonds on the date of conversion is credited to the Common Stock account.
Answers
Answer:
When bonds are converted into common stock____.
a. the market price of the stock and the bonds is ignored when recording the conversion.
Explanation:
This is because the conversion price, which is the price at which the convertible bond is converted into the common stock of the entity, is usually set initially when the conversion ratio is first decided on. Therefore, the market prices of the stock and the bonds are not taken into account when the conversion recording is being done.
You are given the following information for Lightning Power Company. Assume the company’s tax rate is 24 percent.
Debt: 9,000 5.8 percent coupon bonds outstanding, $1,000 par value, 24 years to maturity, selling for 106 percent of par; the bonds make semiannual payments.
Common stock: 420,000 shares outstanding, selling for $60 per share; beta is 1.11.
Preferred stock: 18,000 shares of 3.6 percent preferred stock outstanding, a $100 par value, selling for $81 per share.
Market: 5 percent market risk premium and 4.6 percent risk-free rate.
What is the company's WACC?
Answers
The Weighted Average Cost of Capital (WACC) for Lightning Power Company is 9.84%.
To calculate the Weighted Average Cost of Capital (WACC) for Lightning Power Company, we need to determine the cost of each component of its capital structure and their respective weights. The WACC is the weighted average of these costs.
Cost of Debt:
The debt component consists of 9,000 bonds with a 5.8 percent coupon rate, a $1,000 par value, and selling for 106 percent of par. The semiannual coupon payment is calculated as (5.8% * $1,000) / 2 = $29.
The current market price of the bond is 106% of $1,000, which is $1,060. The yield to maturity (YTM) can be calculated using financial calculators or Excel. Let's assume the YTM is 4.5%. Therefore, the cost of debt is 4.5%.
Cost of Common Stock:
The cost of common stock is determined using the Capital Asset Pricing Model (CAPM). The risk-free rate is given as 4.6%, and the market risk premium is 5%. The beta for Lightning Power Company's common stock is 1.11.
Using the CAPM formula: Cost of equity = Risk-free rate + Beta * Market risk premium. Therefore, the cost of equity is 4.6% + 1.11 * 5% = 9.71%.
Cost of Preferred Stock:
The cost of preferred stock is the dividend yield, which is the preferred dividend divided by the market price per share. The preferred stock has a 3.6% dividend yield, and it is selling for $81 per share. Therefore, the cost of preferred stock is 3.6% / $81 = 4.44%.
Next, we need to determine the weights of each component based on their market values. The market value of debt is 9,000 * $1,060 = $9,540,000. The market value of common stock is 420,000 * $60 = $25,200,000.
The market value of preferred stock is 18,000 * $81 = $1,458,000. The total market value of the company's capital structure is $36,198,000.
Now we can calculate the WACC using the formula:
WACC = (Weight of Debt * Cost of Debt) + (Weight of Equity * Cost of Equity) + (Weight of Preferred Stock * Cost of Preferred Stock).
Weight of Debt = $9,540,000 / $36,198,000 = 0.2639 (26.39%)
Weight of Equity = $25,200,000 / $36,198,000 = 0.6961 (69.61%)
Weight of Preferred Stock = $1,458,000 / $36,198,000 = 0.0401 (4.01%)
Plugging in the values, we get:
WACC = (0.2639 * 4.5%) + (0.6961 * 9.71%) + (0.0401 * 4.44%) = 2.88% + 6.78% + 0.18% = 9.84%.
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Direct examples of the functions of a financial system include
(Select all that apply.) ?
1. a business owner accepting payments via PayPal
2. a bank hiring three new tellers when a new branch opens
3. ensuring that personal information entered electronically is safe
4. a financial institution extending a line of credit to a small business
Answers
What is the best way to manage interruptions and emergencies in my day?
Answers
put interruptions on hold and take care of emergencies. priority is challenging but it's worth the work
Answer:
Emergency
Explanation:
Emergency is more important that an interruption.Emergency are more life or death.An interruption is small and yes a bit agervating at time but are less import than a life or death emergency.
Suzy works for a company that markets timeshare condos on beach resorts in Mexico. Her job is to phone consumers and invite them to a free weekend at one of her employer's beach resorts. The only catch is that visitors are obliged to take a tour and listen to a presentation about investing in a timeshare. Which orientation is Suzy's company exhibiting?
Answers
Answer:
Sales orientation
Explanation:
Sales Orientation is a business approach of making profits by focusing on persuasion of people to buy the products instead of understanding the customer needs
Please answer and graph as instructed in the images.
Answers
1. The price and output at which the natural monopolist is regulated at the Fair return price is A($4, 9.3 unit).
2. The price and output at which the regulated monopolist is that mimics perfect competition is F($6, 6.5 unit).
3. The price and output of the unregulated monopoly is C($8, 3.5 units).
What is the difference between natural, regulated and unregulated monopolist?A natural monopolist is a company that operates in an industry where it is more efficient for one firm to provide the entire output of the market, due to economies of scale. A regulated monopolist is a company that operates in an industry that has been deemed to be a natural monopoly, and is subject to government regulation to ensure that it operates in the public interest. An unregulated monopolist is a company that operates in an industry where there are no barriers to entry, and it is free to operate as it chooses without any regulation.Read more about monopolist
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In 2022, Rogers & co. reported Net Income equal to $1,000. The company reported Depreciation Expense of $200. The company repurchased 10 shares of Treasury Stock for $500 (10 shares for $50 each). The stock had a par value of $5. The company also paid a dividend of $80 ($0.80 x 100 shares). What was the company's Cash from Financing Activities in 2022? (make the number negative if it is a net cash outflow)
Answers
The company's Cash from Financing Activities in 2022 a net cash outflow of $580.
The repurchase of treasury stock is a financing activity, while the net income and depreciation expense are not. The payment of dividends is also a financing activity, as it represents a distribution of profits to the shareholders. First, let's calculate the cash outflow from the repurchase of treasury stock. The company bought 10 shares for $50 each, which amounts to $500. Since this is a cash outflow, we will show it as a negative number.
Next, let's calculate the cash outflow from the payment of dividends. The company paid a dividend of $0.80 per share, and it has 100 shares outstanding. Therefore, the total dividend payment was $80. Again, since this is a cash outflow, we will show it as a negative number.
To calculate the Cash from Financing Activities, we need to add the cash outflows and subtract any cash inflows. In this case, there are no cash inflows, so we only need to add the two cash outflows.
Cash from Financing Activities = - $500 (repurchase of treasury stock) - $80 (payment of dividends) = - $580
Therefore, the company's Cash from Financing Activities in 2022 was a net cash outflow of $580.
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Even though the goal of a firm is to create wealth for its shareholders, there are times when ethical or strategic considerations outweigh the profit incentive, causing managers to reject investments with positive net present values. T/F
Answers
True. Even if a business's main goal is to maximize profits for its shareholders, there are occasions when ethical or strategic considerations trump the financial one, forcing management to forgo deals with good net present values.
Is a company's main goal to maximize profits or the wealth of its shareholders?The company's top priority is consistently increasing shareholder wealth, which produces earnings to increase the dividends paid on each ordinary share. A sign of greater shareholder wealth is the higher price of shares traded on the stock market.
Is it always morally right for a business to attempt to maximize profits for its shareholders?A corporation's desire to increase profits for the benefit of its stockholders is not always morally good. For some businesses, a commitment to morality is insufficient to boost earnings. For tiny enterprises or organizations that are dealing with particular issues, ethics is insufficient.
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Once you have explained how Emma is currently applying the five Ps to the products R&CC sells, identify at least one new way that each of the five Ps could be improved. When making your recommendations, be as specific as possible so that she can execute some of your ideas immediately.
Answers
The five Ps of marketing and potential applications Products should meet criteria, prices should be reasonable, staff should be informed, and promotional strategies should successfully communicate
The five Ps of marketing are described in detail, along with potential applications. Emma needs to make sure that the products from R&CC meet the criteria for Pricing should be comparable with those made available by rival merchants while still allowing for a profit margin. Along with making sure that their products are available to customers and that they have a promotional strategy that effectively communicates, Emma needs to make sure that R&CC's staff is knowledgeable, friendly, and offers good customer service.
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Need help please thanks!
Answers
Using the approximate doubling formula, we can find the population of the country in 2030:
P(t) = P(0) x 2^(t/d)
where P(t) is the population at time t, P(0) is the initial population, t is the time elapsed, and d is the doubling time.
What does magnitude imply?The definition of magnitude is "how much of a quantity." In order to compare the speeds of an automobile and a bicycle, for example, the magnitude can be utilized. It can also be used to describe how far an object has traveled or how much an object weighs in terms of its magnitude.
Given P(0) = 200 million, d = ln(2)/ln(1 + P) = ln(2)/ln(1 + 1.2%) = 57.78 years.
Therefore, P(30) = 200 million x 2^(30/57.78) = 446.36 million.
So, the predicted population of the country in 2030 is approximately 446.36 million.
The energy E released by an earthquake of magnitude M can be estimated using the formula:
log E = 1.5M + 9.1
For a magnitude 8 earthquake, we have:
log E = 1.5 x 8 + 9.1 = 21.1
Therefore, E = 10^21.1 joules.
Expressing this in scientific notation, we have E = 1.26 x 10^21 joules.
The difference between the energy released by a magnitude 8 earthquake and an explosive device that released 17 x 10^18 joules of energy is:
log E1 - log E2 = 1.5M - 1.5M' = 1.5(8 - M')
where E1 is the energy released by the earthquake of magnitude 8, E2 is the energy released by the explosive device, M' is the magnitude of the explosive device.
Solving for M', we get:
M' = 8 - (log E2 - log E1)/1.5 = 2.05
Therefore, the explosive device released the energy equivalent of a magnitude 2.05 earthquake.
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It is also why businesses which produce goods or services of a specialized kind,which appeal only to limited number of consumers such as very luxurious car or expensive fashion clothing _____?
Answers
Because business has always been an important part of the economy. And in the economy, both people who need luxury and who does not.
Who is a consumers?Consumers are those who buy products for their own needs and use or consume them. Although a customer cannot resell the good, product, or service, he or she may use it to support himself or herself and engage in self-employment.
The person who uses any goods or services on a daily basis is the consumer. Consumers are anyone who purchases goods or services and consumes them with the buyer's consent.
This includes anyone else. Consumers include any individual or group of individuals who purchase goods or services from the buyer but do so without the buyer's knowledge or consent. The consumer can also be referred to as the final user of the goods or services.
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A rational firm operating in a perfectly competitive market has its demand and total cost function given below.
TR=20Q-30Q2
TC=50+25Q-40Q2
Required
1.calculate Average fixed cost function)
2.Average variable cost function
3.Marginal cost function
4.Profit maximizing level of output
5.Maximum Profit
how do i tackel this
Answers
The average fixed cost function will be 50/Q.
How to calculate the cost?From the information given,
TR = 20Q - 30Q²
TC = 50 + 25Q - 40Q²
The average fixed cost will be:
= Fixed cost/Quantity
= 50/Q
The average variable cost will be:
= VC/Q
= (25Q - 40Q²)/Q
= 25 - 40Q
The marginal cost function will be:
TC = 50 + 25Q - 40Q²
We'll differentiate it. This will be:
MC = 25 - 80Q
The profit maximizing level of output will be:
MR = MC
20 - 60Q = 25 - 80Q
-60Q + 80Q = 25 - 20
20Q = 5
Q = 5/20 = 0.25
The profit will be:
= TR - TC
= 20Q - 30Q² - (50 + 25Q - 40Q²)
= [(20 × 0.25 - (30 × 0.25²)] - [(50 + (25 × 0.25) - (40 × 0.25²)
= [5 - 1.875] - [50 + 6.25 - 2.5]
= 3.125 - 53.75
= -50.625
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1
Select the correct answer.
Stuart, an accountant, has just created a list of all the major expenses that his firm incurred in the previous month. He wants to find the smallest
expense that the business incurred. If Stuart is using the spreadsheet program OpenOffice Calc, which Subtotals function should he use after
selecting the necessary cells?
А.
SUM
В.
COUNT
C. MIN
D.
AVERAGE
Reset
Next
Edmentum. All rights reserved.
Type here to search
DU
A9x
Answers
Answer:
count
Explanation:
no explanation i got it right
Answer:MIN
Explanation: trust me
Journalize the following transactions of Trapper Jon’s Productions. Assume 360 days in a year. If an amount box does not require an entry, leave it blank.
June 23 Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account.
Sept. 21 The note is dishonored by Radon Express Co.
Oct. 21 Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Radon Express Co. on September 21.
Answers
Answer:
June 23 Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account.
Sept. 21 The note is dishonored by Radon Express Co.
Oct. 21 Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Radon Express Co. on September 21.
Explanation:
LEARNING OUTCOMES Occupational learning materials are organized for efficient use. Layout and presentation of learning materials are understood and used effectively. Technical language/ terminology is engaged with, and clarification sought if needed. ACTIVITY 4 Explain how you will find information on the different languages that people speak in your town. State which research tools you will use to do research on this topic?
Answers
To find information on the different languages spoken in your town, you can use research tools such as census data, community surveys, or local government records.
Why are community surveys important?Surveys may assist local governments in understanding where citizens stand on critical issues, how happy they are with city services, how successful the government is in satisfying resident goals, and what those priorities are in the first place.
The census offers a sufficient database for demographic data comparisons and forecasts, as well as social and economic elements of society.
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What is the cost of Goods sold Percentage using Material cost $135; Labor Cost; $125; Merchandise sells for $689?
Answers
The cost of goods sold percentage is 37.72% approximately.
The cost of goods sold (COGS) could be a budgetary bookkeeping term that alludes to the coordinated costs related to creating or fabricating an item or conveying a benefit. COGS incorporates all of the costs that are straightforwardly related to the generation or procurement of merchandise that is sold by trade, such as the cost of crude materials, labour, and overhead costs.
To calculate the total cost of production we have to add material cost and labour cost.
Material cost = $\(135\)
Labour cost = $\(125\)
Therefore, total cost = material cost + labour cost.
= $\(135\) + $\(125\)
= $\(260\)
Merchandise sells = $\(689\)
Cost of goods sold percentage = (total cost/ revenue) ×\(100\)%
= ($\(260\)÷ $\(689\)) × \(100\)%
= \(37.72%\)%
Therefore, cost of goods sold percentage is 37.72% approximately.
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Which of the following statements is TRUE? *
4 points
Home equity loans or lines of credit are not available to renters
Home equity loans or lines of credit are only available to people who have paid for their home in full
Home equity loans or lines of credit are illegal in most states
Home equity loans or lines of credit are only useful for funding home improvement projects
Answers
The TRUE statement about Home Equity Loans is A. Home equity loans or lines of credit are not available to renters.
What is a home equity loan?A home equity loan is a line of credit, known as a HELOC, secured by an individual's homeownership which gives the individual a revolving credit line to use.
The homeowner can borrow up to 80% or more based on the home equity built up over the years.
Thus, the TRUE statement about Home Equity Loans is A. Home equity loans or lines of credit are not available to renters.
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1. A workshop prepared two articles A and B .The time required at different stages and profit per unit are shown below. Formulate the LP model Work center product Cutting Machine Packing Profit per unit($) A 2 1 1 50 B 1 2 0.5 60 Total capacity 80 100 50
Answers
This linear programming model maximizes the total profit (Z) obtained from articles A and B. The constraints ensure that the total capacity at each stage (Cutting Machine, Work center and Packing) is not exceeded.
What is linear programming model?Linear programming is a mathematical modelling technique used to optimize a certain outcome given a set of constraints. The objective of linear programming is to maximize or minimize a function subject to certain linear constraints.
LP Model: Maximize Z = 50x_A + 60x_B
Subject to:
2x_A + x_B ≤ 80 (Total capacity at Cutting Machine)
x_A + 2x_B ≤ 100 (Total capacity at Work center)
x_A + 0.5x_B ≤ 50 (Total capacity at Packing)
x_A, x_B ≥ 0 (Non-negativity)
This linear programming model maximizes the total profit (Z) obtained from articles A and B. The constraints ensure that the total capacity at each stage (Cutting Machine, Work center and Packing) is not exceeded.
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The balance sheets for Plasma Screens Corporation and additional information are provided below. PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 Assets Current assets: Cash $ 158,800 $ 123,000 Accounts receivable 84,000 95,000 Inventory 98,000 83,000 Investments 4,300 2,300 Long-term assets: Land 510,000 510,000 Equipment 820,000 700,000 Less: Accumulated depreciation (458,000 ) (298,000 ) Total assets $ 1,217,100 $ 1,215,300 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 102,000 $ 88,000 Interest payable 7,500 12,300 Income tax payable 9,500 5,300 Long-term liabilities: Notes payable 100,000 200,000 Stockholders' equity: Common stock 730,000 730,000 Retained earnings 268,100 179,700 Total liabilities and stockholders' equity $ 1,217,100 $ 1,215,300 Additional information for 2021: Net income is $88,400. Sales on account are $1,628,900. Cost of goods sold is $1,230,800. Required: 1. Calculate the following risk ratios for 2021: (Round your answers to 1 decimal place.)
Answers
Answer:
Missing word: "a. Receivables turnover ratio b. Inventory turnover ratio c. Current ratio d. Acid-test ratio d. Debt-equity ratio"
a. Receivable turover ratio = Net credit sales/ Average receivbles
= $1,628,900/ (($84000+$95000)/2)
= $1,628,900 / $89,500
= 18.2 Times
b) Inventory Turnover ratio = Cost of goods sold / Average inventory
= $1,230,800/ (($98,000+$83,000)/2)
= $1,230,800/$90,500
= 13.6 Times
c) Current ratio = Current assets / Current liabilities
= ($158,000+$84,000+$98,000+$4,300) / ($102,000+$7,500+$9,500
= $344,300/$119,000
= 2.893277311
= 2.89 to 1
d) Acid test ratio = ( Current assets - Inventory ) / Current liabilities
= ($344,300 - $98,000) / $119,000
= $246,300 / $119,000
= 2.0697478992
= 2.07
e) Debt-equity ratio = Total Liability (Current + Non-current) / Stockholders' equity
= ($119,000+$100,000) / ($730,000+$268,100)
= $219,000 / $998,100
= 0.2194169
= 22%