One thing a monopoly firm has to do that a perfectly competitive firm does not have to do is a.search for its profit-maximizing price b.advertise c.minimize its losses d.produce the quantity of output at which P=MC e. Produce a high-quality product
Answers
The correct answer is d.
A monopoly firm has to produce the quantity of output at which P=MC to maximize its profits.
This is because a monopoly has the power to control the market and set prices higher than the competitive level, which means that it can produce less output and charge a higher price. In contrast, a perfectly competitive firm has no market power and must accept the market price, producing at the point where P=MC to maximize profits.
Advertisements and high-quality products may be used by both types of firms to differentiate themselves and gain a competitive advantage, but they are not necessary actions for profit maximization. Minimizing losses is also important for both types of firms, but it is not a specific action that only a monopoly firm has to do.
What is called the monopoly firm?
In a market where there is just one dominant company, or monopoly, supply and demand for goods and services are completely controlled.
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Related Questions
gertrude quit her $40,000- per- year job to start her own own consulting firm. she withdrew her savings of $50,000 which was earning her an interest of $2000 in the bank and invested in her own consulting firm. at the end of her first year of operation, her total revenues were $208,000. her total explicit costs were $108,000. how much are her accounting profits from her own consulting firm? group of answer choices $30,000 $100,000 $50,000 $48,000
Answers
Gertrude's accounting profits from her consulting firm are $100,000, calculated by subtracting explicit costs ($108,000) from total revenues ($208,000).
To calculate Gertrude's accounting profits, we need to subtract her explicit costs from her total revenues.
Total revenues = $208,000
Explicit costs = $108,000
Accounting profits = Total revenues - Explicit costs
= $208,000 - $108,000
= $100,000
Hence, Gertrude's accounting profits from her own consulting firm are $100,000.
Therefore, Gertrude's decision to start her own consulting firm has resulted in a positive accounting profit of $100,000. This indicates that her firm's revenues from consulting services exceed the explicit costs incurred in running the business.
It is important to note that accounting profits do not take into account implicit costs, such as the opportunity cost of Gertrude quitting her job and the foregone interest income from her savings. However, based on the given information, her accounting profits alone amount to $100,000. Hence, Gertrude's accounting profits from her own consulting firm are $100,000.
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what are the basic requirements to become entrepreneur?Mention them
Answers
Answer:
Most entrepreneurs start their career with a business bachelor's degree or a specific bachelor's in entrepreneurship and then nourish their skills in an MBA program. In MBA programs, students are motivated to use their creative potential as they learn to build ventures.
Explanation:
hope it will help you have a great day bye and Mark brainlist if the answer is correct
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#carry on learning
Why is time an important factor in simple staining?
Answers
Answer:
It is important to allow the stain to stay in contact with cells for the minimum amount of time so that cells have sufficient time to absorb the stain. Leaving the stain on for a few additional seconds will not affect the result.
Explanation:
have a nice day.
Maple leaf production manufactures truck tires. the following information is available for the last operating period. maple leaf produced and sold 93,000 tires for $36 each. budgeted production was 97,000 tires. standard variable costs per tire follow. direct materials: 4 pounds at $2.00 $ 8.00 direct labor: 0.35 hours at $15.00 5.25 variable production overhead: 0.10 machine-hours at $15 per hour 1.50 total variable costs $ 14.75 fixed production overhead costs: monthly budget $1,458,000 fixed overhead is applied at the rate of $16.00 per tire. actual production costs: direct materials purchased and used: 397,000 pounds at $1.70 $ 674,900 direct labor: 28,500 hours at $15.30 436,050 variable overhead: 11,000 machine-hours at $15.70 per hour 172,700 fixed overhead 1,459,000 required: a. prepare a cost variance analysis for each variable cost for maple leaf productions. b. prepare a fixed overhead cost variance analysis. c. (appendix) prepare the journal entries to record the activity for the last period using standard costing. assume that all variances are closed to cost of goods sold at the end of the operating period.
Answers
Cost Variance Analysis for Maple Leaf Productions:
Direct Materials Variance:
Actual Direct Materials Cost = 397,000 pounds × $1.70 per pound = $674,900
Standard Direct Materials Cost = 93,000 tires × 4 pounds × $2.00 per pound = $744,000
Direct Materials Variance = Actual Direct Materials Cost - Standard Direct Materials Cost
Direct Materials Variance = $674,900 - $744,000 = -$69,100 (Favorable)
Direct Labor Variance:
Actual Direct Labor Cost = 28,500 hours × $15.30 per hour = $436,050
Standard Direct Labor Cost = 93,000 tires × 0.35 hours × $15.00 per hour = $484,050
Direct Labor Variance = Actual Direct Labor Cost - Standard Direct Labor Cost
Direct Labor Variance = $436,050 - $484,050 = -$48,000 (Favorable)
Variable Overhead Variance:
Actual Variable Overhead Cost = 11,000 machine-hours × $15.70 per hour = $172,700
Standard Variable Overhead Cost = 93,000 tires × 0.10 machine-hours × $15.00 per hour = $139,500
Variable Overhead Variance = Actual Variable Overhead Cost - Standard Variable Overhead Cost
Variable Overhead Variance = $172,700 - $139,500 = $33,200 (Unfavorable)
Fixed Overhead Cost Variance Analysis:
Fixed Overhead Applied = 93,000 tires × $16.00 per tire = $1,488,000
Fixed Overhead Budgeted = $1,458,000
Fixed Overhead Variance = Fixed Overhead Applied - Fixed Overhead Budgeted
Fixed Overhead Variance = $1,488,000 - $1,458,000 = $30,000 (Unfavorable)
c. Journal Entries for the Last Period (Using Standard Costing):
Direct Materials Purchased:
Debit: Direct Materials Inventory - $674,900
Credit: Accounts Payable - $674,900
Direct Materials Used in Production:
Debit: Work in Process Inventory - $744,000
Credit: Direct Materials Inventory - $744,000
Direct Labor:
Debit: Work in Process Inventory - $436,050
Credit: Wages Payable - $436,050
Variable Overhead:
Debit: Work in Process Inventory - $172,700
Credit: Variable Overhead Applied - $172,700
Fixed Overhead:
Debit: Work in Process Inventory - $1,488,000
Credit: Fixed Overhead Applied - $1,488,000
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QUICKLY PLEASE ITS TIMED!!!!
Which of the following approaches measures team performance by the team's ability to meet specific, predefined goals
O the results approach
the behaviors/process approach
the goals approach
the outcome approach
Answers
Answer:
the results approach.
Explanation:
This is because this approach emphasises on the results and outcomes produced by the team.
The approaches that measures team performance by the team's ability to meet specific, predefined goals is: results approach.
What is result approach?Result approach is a performance evaluation approach and can be defined as the type of approach that is used to determine a person perfomance based on the outcome of their tasks.
Most companies tend to make use of result approach to know how well an employee perform on the tasks they are assigned especially when the employee meet or achieved the set goals.
Therefore the approaches that measures team performance by the team's ability to meet specific, predefined goals is: results approach.
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you have been instructed to destroy several old hard drives that contained confidential information, so you take them to a local company that specializes in this process. the it director wants confirmation that the drives were properly destroyed. what do you need to provide him with?
Answers
you need to provide him with a certificate of destruction.
In 1982, the German thrash metal group Destruction was founded. They are frequently referred to as one of the "Big Four" bands of German thrash metal, together with Kreator, Sodom, and Tankard. Destruction was a part of the second wave of thrash metal in the mid- to late 1980s, alongside American bands like Testament, Sacred Reich, Death Angel, and Dark Angel, and contributed to the creation of black metal by containing various aspects that would later make up the genre. The band had to self-produce its albums for the most of the 1990s because it was not signed to a record label, and they did so until they entered into an agreement with Nuclear Blast in the early 2000s.
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Shelee is the owner of Racing Formula Inc., a local race track. Her employees are often impressed with how much she knows about individual drivers, automobile racing teams, racetrack operators, referees, and officiating crews. Shelee is the classic leader with ______.
Answers
Shelee is the classic leader with exceptional knowledge and expertise in the field of automobile racing. Her ability to understand and analyze the intricate details of individual drivers, racing teams, racetrack operators, referees, and officiating crews is a testament to her extensive experience and passion for the sport.
As a leader, Shelee's knowledge and expertise allow her to make informed decisions and provide valuable guidance to her employees. She is able to identify areas for improvement and implement strategies that enhance the overall performance and success of Racing Formula Inc.
Moreover, Shelee's expertise also enables her to establish strong relationships with her employees, clients, and partners in the racing industry. Her ability to communicate effectively and build trust and respect within the community contributes to the long-term success of the company.
Overall, Shelee's exceptional knowledge and expertise make her a valuable asset to Racing Formula Inc. and a classic example of a knowledgeable and effective leader in the automobile racing industry.
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What does the Federal Reserve help regulate?
A. The economy
Ο Ο Ο
B. Food
C. Clothing
O D. Music
Answers
hope this helped
Refer to the graph. Which area indicates a surplus?
(A)
(B)
(C)
(D)
Answers
Answer:
D
Explanation:
When Heinz introduced its ketchup globally, it first had to deal with the fact ketchup is not a household staple outside the United States. Heinz had to show foreign users how ketchup can be used. Globally, Heinz has had to rely primarily on _____ advertising to convince consumers to want the product.
Answers
Answer:
informative advertising :)
Explanation:
Heinz had to "inform" its customers about ketchup and how it's used
Why very few subsistence economies exist today
Answers
Answer:
As previously mentioned,
subsistence markets are
extremely vulnerable to
external influences.
Because of this
vulnerability, these economies are
becoming more scarce around the
world. In the past, for example, large
populations of indigenous peoples lived
throughout North America.
What is the risk you are taking when investing in bonds? How can you minimize this risk?
Answers
Answer:
Risk: The bonds you own will decline if interest rates rise, interest rate risk.
Minimalize:
- Don't buy bonds when interest rates are low or rising. Buy when stable.
- Stick to short term issues (3 - 5 years)
- Buy bond with different maturity dates
Explanation:
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PLZ HELP FOR A TEST!!
The level of competition least beneficial to consumers is:
pure competition
monopoly
oligopoly
monopolistic competition
Answers
Answer:
monopoly
Explanation:
In a monopoly market, a single firm sells a product with no close substitutes in a large market. It means that the single firm has no business competitors in the market. Without competition, the firm has the power to set prices, quality, and quantity without worrying about how customers will react.
In a monopoly market, customers have no choice since competition is absent. Customers have to do with high prices, limited varieties, and limited innovation, unlike in market structures that have business competition. Competition results in increased innovation, quality products, and a variety of products at fair prices.
Answer:
Monopoly
Explanation:
I took the test
The SmartArt icon will allow you to include which of the following on a slide?
Answers
I think the answer is Graphs, I hope this helps
Since water transportation is so much slower than other modes, why do companies choose it?
Water transportation is unaffected by delays for maintenance, scheduling, and weather, making it far more reliable.
Some companies might think it's worth the lost time when they are shipping potentially dangerous products.
The environmental impact of water transportation is lower, so companies can justify its use.
Some companies prioritize cost as their overriding concern for their shipping requirements.
Answers
Answer:
i think its d or maybe a
Explanation:
Answer:
ah
Explanation:
In a standard cost system, costs are assigned to all of the following, except for: a.fixed overhead. b.direct materials. c.direct labor. d.variable overhead. e.None of these choices are correct.
Answers
In a standard cost system, costs are assigned to fixed overheads, direct materials, direct labor, and variable overhead.
What do you mean by Standard costing?Standard costing refers to the practice of creating the estimates or standard costs for all the activities of a company.
The main reason for using standard costs is that there are many applications where it is considered very time-consuming to collect the actual costs so standard costs can be used as a close approximation to actual costs.
Therefore, E is the correct option.
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Acme enterprises issued shares of common stock for an amount in excess of par value. the journal entry to record this transactions includes a credit to?
Answers
The journal entry to record the issuance of shares of common stock for an amount in excess of par value includes a credit to Common Stock.
When a company like Acme Enterprises issues shares of common stock for an amount greater than the par value, it results in a situation known as "additional paid-in capital" or "share premium." The par value represents the nominal or stated value of the shares, while the amount in excess of par value is considered additional paid-in capital.
To record this transaction, the journal entry would typically involve debiting the Cash account to reflect the inflow of cash from the issuance of the shares. Simultaneously, a credit would be made to the Common Stock account to record the par value of the shares issued. Any excess amount received over the par value would be credited to the Additional Paid-in Capital or Share Premium account.
The above explanation provides a general understanding of how such a transaction would be recorded, but the actual journal entry may vary depending on the company's specific accounting policies and regulations.
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a high-rise office building consists of how many stories...?
Answers
A high-rise office building consists of more than 20 stories.
A skyscraper is a large, continually inhabited structure with several levels. There is no recognized definition of a skyscraper in modern times, however, most sources state that they must be at least 100 or 150 meters tall. Skyscrapers are extremely tall high-rise structures. When these kinds of structures initially started to be built in the 1880s, the term historically first applied to structures of between 10 and 20 stories. Offices, hotels, homes, and shops can all be found in skyscrapers. A steel frame that supports curtain walls is one characteristic of skyscrapers. Instead of resting on load-bearing walls like in traditional construction, these curtain walls either bear on the framework below or are suspended from the framework above. The steel frames of some early skyscrapers allow for the creation of load-bearing walls that are taller than those made of reinforced concrete.
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Carl owns a software firm, and mike owns a computer hardware manufacturing firm. they decide to create an alliance in order to manufacture laptops and desktops using the shared competencies of their respective firms. when creating the alliance, they make sure that each of them invests 50% capital and that they would each own a specified right to a percentage of the profits from the alliance. the collaborative relationship in this scenario is known as _____.
Answers
The collaborative relationship discussed in the passage is known as relational governance which facilitates growth and provides solutions.
What is a relational governance mechanism?The relational governance mechanism emphasis on equal distribution of roles and responsibilities along with financial investment to make the decision in any corporation. This is based on mutual understanding and trust.
In this scenario, Carl owns a software firm, whereas mike owns hardware manufacturing bringing equal investment with 50%capital. they also shared their skills and competencies to encourage better working in the organization.
Therefore, they implement a relational governance relationship where they share equal rights in the business.
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In which situation would fdi deteriorate the current account of the host country’s balance of payments?.
Answers
When a foreign subsidiary purchases a sizable portion of its raw materials.
Which could have a negative impact on a host country's balance of payments?The stated negative economic effects of FDI, particularly in the heavy industries, include balance of payments deficits, less domestic R&D, diminished competition, crowding out of domestic enterprises and lower employment.
Which of the following scenarios would an increase in FDI help the host country's current account and balance of payments?When jobs are created as a result of FDI in local suppliers as well as when employees of the MNE boost their local spending, these are considered indirect benefits of FDI.
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what will change on the balance sheet if bennett withdraws $200 from his checking account? check all that apply. group of answer choices outstanding liabilities increase by $200. outstanding liabilities decrease by $200. required reserves decrease by $20. required reserves decrease by $200.
Answers
When Bennett withdraws $200 from his checking account, the required reserves decrease by $20. The required reserves decrease by $200.
Banks are required to hold a percentage of their deposits in reserve, which is known as the required reserve. The amount of required reserves is determined by the reserve requirement ratio, which is set by the Federal Reserve.
The required reserve ratio is the percentage of deposits that a bank is required to hold in reserve. The reserve requirement ratio is currently set at 10%.
The amount that a bank is required to hold in reserve is determined by multiplying the deposit amount by the reserve requirement ratio. As a result, if Bennett withdraws $200 from his checking account, the bank will be required to hold $20 less in reserve.
If Bennett withdraws $200 from his checking account, the bank's liabilities decrease by $200. Since the bank owes Bennett $200 less, its liabilities decrease. Since the bank has less money to lend, its reserves also decrease. The bank's assets decrease as a result of this. Thus, the outstanding liabilities do not increase or decrease.
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QUESTION 7 of 20: Your savings account pays 2.5% interest per year. How much interest does the account pay per month.
a) .02%
b) 04%
c) 21%
d) 43%
Answers
Answer:
a) .02%
Explanation:
One year has 12 months.
The interest rate per year = 2.5%
Interest earned per month will be
=2.5% / 12
=0.02%
Answer:
c 21%
Explanation:
i got it right
Write a function called price_range that accepts a list of floating-point numbers representing prices as an argument and returns the the difference between the highest price and the lowest price. Do not use the built-in functions max or min in your solution. Assume that all prices are positive values and that none of them exceed 10,000. 0.
Answers
A function called def price range accepts a list of floating-point numbers representing prices as an argument and returns the difference between the highest price and the lowest price.
What is the price range?The range of a security or index over a specific time period is the difference between its low and high prices. The range is the distinction between the highest and lowest trading prices during a specific time frame, such as a day, month, or year. For a particular trading period, a candlestick or bar's high and low points are used to indicate the range on charts.
Ranges are closely monitored by technical analysts because they are helpful in identifying trade entry and exit locations. A range spanning many trading sessions is commonly referred to as a price range or trading range by investors and traders. Many market participants trying to implement range-bound trading methods may impact securities that move inside a defined range.
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A firm's current net property, plant and equipment is $45,000 and is 100% of current sales. The firm's current capacity utilization is 95%. The firm's sales are expected to grow by 13%. What is the projected net property, plant and equipment if the firm's sales grow by 6%.
Answers
The projected net property, plant and equipment is $47,700 if the firm's sales grow by 6%.
To calculate the projected net property, plant and equipment (PPE) if the firm's sales grow by 6%, we need to consider the relationship between sales and PPE.
Current PPE = $45,000 (100% of current sales)
Current capacity utilization = 95%
Sales growth rate = 13%
First, we need to determine the current sales by dividing the current PPE by the proportion of PPE to sales:
Current sales = Current PPE / (PPE as a proportion of sales)
Current sales = $45,000 / (100%)
Current sales = $45,000
Next, we can calculate the projected sales after a 6% growth:
Projected sales = Current sales * (1 + Sales growth rate)
Projected sales = $45,000 * (1 + 0.06)
Projected sales = $45,000 * 1.06
Projected sales = $47,700
Now, to calculate the projected PPE, we need to determine the proportion of PPE to sales:
PPE as a proportion of sales = Current PPE / Current sales
PPE as a proportion of sales = $45,000 / $45,000
PPE as a proportion of sales = 100%
Finally, we can calculate the projected PPE by multiplying the projected sales by the proportion of PPE to sales:
Projected PPE = Projected sales * (PPE as a proportion of sales)
Projected PPE = $47,700 * (100%)
Projected PPE = $47,700
Therefore, the projected net property, plant and equipment (PPE) if the firm's sales grow by 6% is $47,700.
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Owen is an hourly employee, and the line that models his total pay in dollars
as it relates to the number of hours he has worked has a slope of 25 and a y
intercept of 15. Which statement is true?
Answers
It is accurate to say this.
Owen makes $25 per hour, and it seems like he also got a $15 signing bonus.
How can I figure out a line's slope?Find the coordinates of each of the two locations you choose along the line. The y-coordinates of these two locations should be distinguished (rise). The difference between these two places' x-coordinates should be determined (run). Divided by the difference in x-coordinates (rise/run or slope), the difference in y-coordinates is determined.
What distinguishes salaried workers from hourly workers?Based on their total income, salaried employees typically receive the same amount each pay week. On the other hand, an hourly employee receives a defined wage for each hour that they work. For instance, if they work eight hours a day at $20 an hour, they would make $160 that day (before taxes).
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Do an online search on team members in the workplace. Identify several types of group members. From your experience, identify other types of group members not mentioned in your online search. In four or more paragraphs, illustrate how you, as facilitator, would deal with each type of member. You may use the types mentioned in your research as well as those you identified.
What other things would you do as facilitator to ensure the team ran smoothly and efficiently?
Answers
Explanation:
A Guide to Effective Facilitation.
...
A good facilitator will:
Develop a detailed agenda after discussion with organization leaders. ...
Use participants' names. ...
Call on people in the order in which they raise their hands. ...
Make eye contact. ...
Use the ground rules (mutually agreed upon meeting rules for participation) early on.
A competent moderator will:
Following a conversation with the organization's executives, create a thorough agenda.Identify participants by name.As people raise their hands, call on them in that order.Establish eye contact.Use the ground rules, which are shared participation guidelines for meetings, as soon as possible.What is an online search?Online search is the interactive process of looking for and obtaining information from online databases using a computer. With the introduction of quicker databases and smart terminals in the 1980s, interactive searches became feasible. On the other hand, automated batch searching was widely used in the 1960s and 1970s. The bulk of internet searches done now are done via search engines. Supplemental reference transactions are frequently conducted online.
Online search is the interactive process of looking for and obtaining information from online databases using a computer. With the introduction of quicker databases and smart terminals in the 1980s, interactive searches became feasible. On the other hand, automated batch searching was widely used in the 1960s and 1970s. Today, the bulk of queries are made via search engines.
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how does marmite use product differentiation
Answers
Marmite use product differentiation as viewed as having unique features, such as Marmite or the iPhone. It frequently referred to as a differentiator.
What do you mean by the product differentiation?
The feature or features that set your product or service apart from the competition for your target market are known as product differentiation.
It improves brand loyalty, sales, and growth by highlighting the differences between what you sell and what your rivals provide. These comprise vertical differentiation, mixed differentiation, and horizontal differentiation.
In the financial situation of today, product differentiation is crucial. It enables the seller to highlight the distinctive qualities that make their product outstanding by drawing comparisons between their own product and those of the market's rival products.
Therefore, Marmite use product differentiation as viewed as having unique features, such as Marmite or the iPhone. It frequently referred to as a differentiator.
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Explain the concept of market and market identification.
Identify communications channels used in sales promotion.
Explain types of advertising media.
Describe effective advertising layouts.
Write copy for advertisements.
Answers
Copywriting for advertisements should be concise and to the point, utilize descriptive language, use active voice, include an attention-grabbing headline, and provide a clear call-to-action.
What is Copywriting?Copywriting is the practice of crafting words and phrases in order to create promotional materials that are designed to sell products or services. It requires a great deal of creativity and an ability to write in an engaging and persuasive manner. Copywriting involves researching, understanding the target audience, creating attention-grabbing headlines and crafting persuasive copy to persuade readers to take action. It is an essential part of the marketing process and can be used to effectively reach potential customers and increase sales. Copywriters use a variety of techniques to create effective copy, such as using powerful words, creating vivid imagery, and making use of persuasive language. Copywriters must be able to understand the needs of their target audience, create compelling headlines and body copy, and be able to effectively target the right people. In addition, copywriters must be able to measure the success of their copy and make adjustments based on the results.
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T/F : the present worth of an alternative can be determined by dividing then-current dollars by the inflation rate and then using the inflated interest rate in the present worth formulas.
Answers
False. The present worth of an alternative can be determined by dividing then-current dollars by the inflation rate and then using the inflated interest rate in the present worth formulas is a wrong statement.
The statement is false because the process described is not the correct method for determining the present worth of an alternative. To determine the present worth of an alternative, you should follow these steps:
1. Identify the cash flows associated with the alternative, such as initial investment, recurring costs, and revenues.
2. Choose an appropriate discount rate, which accounts for the time value of money and may include considerations for inflation.
3. Calculate the present value of each cash flow by dividing it by (1 + discount rate) raised to the power of the number of periods into the future the cash flow occurs.
4. Sum the present values of all cash flows to obtain the present worth of the alternative.
By using this approach, you can accurately evaluate the present worth of an alternative, taking into account the time value of money, inflation, and other relevant factors.
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Use these graphics to answer the question.
An association of medical researchers examined exercise trends among adults.
pls help need an answer fast
Which ratio shows the relationship between the total percent of people who exercised in 2014 to the percent of adults ages 18–24 who exercised in 2016?
47:42
58:45
48:59
48:50
Answers
The ratio that represents the relationship between the total percent of people who did exercise in 2014 compared to the the percent of adults ages 18–24 who exercised in 2016 is 48:59.
What is a ratio?A ratio is the comparison of two figures, this can be done with the past data, or can be done with the budgeted or any competitor. In the example given the data is compared with the past data, base year is 2014 and the current year is 2016.
The ratio that is calculated represents that the total percentage of people were 48% in 2014 and the adults in 2016 as a total represents a percentage of 59% and therefore the ratio is 48:59.
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