The Fed's three main initiatives to boost the economy are a lower discount rate, the purchase of government assets, and a lower reserve ratio. Another weapon for monetary policy that central banks employ is quantitative easing.
What three tools does the Fed have at its disposal to carry out monetary policy?
The Federal Reserve's "administered rates"—interest on reserve balances, the Overnight Reverse Repurchase Agreement Facility, and the discount rate—are the main instruments of monetary policy. To make sure that these rates are efficient, a further technique known as open market operations is required.
What forms of expansionary policy does the Fed employ?
Reduced reserve requirements for banks, increased purchases of government assets, and lower interest rates are the three tools the Federal Reserve uses to conduct an expansionary monetary policy. The goal of expansionary monetary policy is to make it simpler for people and businesses to borrow money and spend it, both of which help to stimulate the economy.
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A rich relative has bequeathed you a growing perpetuity. The first payment will occur in a year and will be $5,000. Each year after that, you will receive a payment on the anniversary of the last payment that is 2% larger than the last payment. This pattern of payments will go on forever. Assume that the interest rate is 16% per year.
a. What is today's value of the bequest?
b. What is the value of the bequest immediately after the first payment is made?
a. The present value of the bequest is $35,714.29.
b. The value of the bequest immediately after the first payment is made is $40,714.29.
A growing perpetuity is a series of cash flows that grow at a constant rate and are received for an infinite amount of time. The present value of a growing perpetuity can be calculated using the formula:
PV = C / (r - g)
Where PV is the present value, C is the initial cash flow, r is the interest rate, and g is the growth rate.
a. To calculate the present value of the bequest, we can plug in the given values into the formula:
PV = 5000 / (0.16 - 0.02)
PV = 5000 / 0.14
PV = $35,714.29
b. To calculate the value of the bequest immediately after the first payment is made, we can simply add the first payment to the present value:
Value after first payment = PV + C
Value after first payment = 35,714.29 + 5000
Value after first payment = $40,714.29
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if you spend money you work for, are you taking out money from the economy?
What are examples of Human Services careers? Select four options. Chief Executive Receptionist Hairstylist Funeral Director Child Care Worker Reporter Mental Health Counselor.
The examples of Human Services careers include options C, D,E and F hairstylist, funeral director, child care worker, and mental health counselor
What is Human Services Careers about?Human services is refers to as the jobs that mainly include those employees who overcome the issues of people along with counseling and rehabilitation.
The main purpose of these services is to increase the lives of people in need. They closely examine the problems including providing helpful strategies that might help to other people to modify their behaviors.
Therefore, correct options are C,D, E and F.
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Answer:
CDEG
Explanation:
Just did the test
Economics!!
Which development would most likely reduce the standard of living in the
United States?
A. Wages increase for most American workers.
B. The U.S. government returns to the gold standard.
C. It becomes easier for U.S. citizens to get health care.
D. U.S. factories begin to
produce far fewer goods.
It's D. U.S. factories begin to
produce far fewer goods.
Discuss how scarcity of economic resources
leads to tradeoffs
Scarcity of economic resources requires individuals and societies to make tradeoffs by choosing between alternative uses of limited resources.
This scarcity necessitates making choices and tradeoffs. When resources are scarce, choosing to allocate them towards one particular use means sacrificing the opportunity to use them for alternative purposes.
For example, a government investing resources in building new infrastructure may have to reduce spending on healthcare or education. Individuals face tradeoffs as well, such as deciding between spending money on leisure activities or saving for the future.
These tradeoffs arise because resources are limited, and individuals and societies must make choices to allocate them in the most efficient and effective manner given their scarcity.
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What is profit in an economic system?
A. Profit is the investment a producer makes in the economy to achieve financial gain.
B. Profit is the net change in the value of the economy due to an exchange.
C. Profit is the financial gain resulting from an exchange.
D. Profit is the investment a consumer makes in the economy to achieve financial gain.
Answer:
I think D is correct answer
The profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
The information related to the profit is as follows:
It is the surplus that comes after deducting the cost from the revenue made. It is the investment that should be made by the consumer for attaining financial gain.Therefore all the other options are incorrect.
Thus we can conclude that profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
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Gratuitous Agent Definition
Refers to an agent who performs services without compensation but still owes their principal full fiduciary responsibility.
A gratuitous agent still must adhere to the customary duties of loyalty, obedience, and reasonable care that apply to all agents.
Gratuitous AgentIn certain cases, a gratuitous agent may be liable for the consequences of their actions.A gratuitous agent is an individual who performs services or duties on behalf of another person, known as the principal, without any payment or other compensation in return. Instead, the gratuitous agent typically acts in good faith, out of moral or ethical obligations, or from a sense of loyalty to the principal. While the gratuitous agent may not be paid for their services, they are still expected to uphold a full fiduciary responsibility to the principal. This includes duties of loyalty, care, diligence, and full disclosure of any relevant information. The gratuitous agent owes their principal a duty to act in their best interests, not their own. For example, the gratuitous agent should not accept any personal benefits or gifts from the principal’s clients or suppliers. The gratuitous agent should also refrain from taking any actions that may benefit themselves personally or financially, such as using their role as an agent to solicit business. In addition, the gratuitous agent must act honestly and with integrity in all matters relating to the principal. They should not make any false statements, conceal any facts, or engage in any fraudulent activities. Furthermore, the gratuitous agent is expected to provide the principal with regular reports and updates on their activities.
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3. Businesses not associated with the government are referred to as what type of jobs?
a. Public Sector
b. For Profit Sector
C. Private Sector
d. None of the above
Answer:
Private Sector
Explanation:
I'm fairly confident this is it, but I'm not too sure. Sorry to disappoint
A corporation’s decision-makers agreed with many of the recommendations brought out by a marketing research study and 50 words or less describe the next move
A corporation’s decision-makers agreed with many of the recommendations brought out by a marketing research study. They are Prioritization, Planning, Resource Allocation, Communication, Monitoring and Evaluation, Continuous Improvement.
The process may involve several steps:
1. Prioritization: The decision-makers would prioritize the recommendations based on their potential impact and feasibility. They would identify the most critical areas that require immediate attention and focus their efforts on those.
2. Planning: A detailed implementation plan would be developed, outlining specific actions, timelines, and responsibilities. This would ensure that everyone involved understands the steps to be taken and the expected outcomes.
3. Resource Allocation: Adequate resources, including financial, human, and technological resources, would be allocated to support the implementation process. This could involve budgeting for necessary investments, hiring additional staff, or training existing employees.
4. Communication: Effective communication would be key to ensure that all relevant stakeholders, both internal and external, are informed about the planned changes and their implications. This would help garner support, address concerns, and create buy-in for the implementation efforts.
5. Monitoring and Evaluation: The decision-makers would establish mechanisms to monitor the progress and evaluate the effectiveness of the implemented recommendations. This could involve tracking key performance indicators, gathering feedback from customers or employees, and making adjustments as needed.
6. Continuous Improvement: The corporation would embrace a culture of continuous improvement, using the results and insights gained from the implementation to refine their strategies further. This would involve ongoing analysis, learning, and adaptation to ensure long-term success.
By implementing the recommended changes, the corporation can expect to enhance its marketing efforts, improve customer satisfaction, increase market share, and achieve its business objectives more effectively. It is crucial to maintain a proactive and adaptive approach to address evolving market dynamics and capitalize on new opportunities.
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As the compounding rate becomes lower and lower, the future value of inflows approaches:
a. the present value of the inflows.
b. Need more information.
c. infinity.
d. 0.
As the compounding rate becomes lower and lower, the future value of inflows approaches the present value of the inflows.(A)
This is because a lower compounding rate means that interest is being earned at a slower rate, which results in a smaller increase in the future value of the inflows. Therefore, the future value of the inflows becomes closer to the present value as the compounding rate decreases. Option (a) is the correct answer. Option (b) is not applicable since there is enough information provided in the question to answer it. Options (c) and (d) are not correct because the future value of the inflows cannot approach infinity or 0 unless there are extreme circumstances that are not mentioned in the question.
So The correct answer is a.
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What is consider to be the top eight professional competencies required for Environmental Management? Explain why they are important individually and in relation to each other. Use a systems diagram to support your answer. up to 500 words + one diagram
The top eight professional competencies for Environmental Management are: Environmental Assessment, Sustainability Planning, Policy and Regulation, Risk Management, Stakeholder Engagement, Education and Training, Monitoring and Reporting, and Project Management.
In the field of Environmental Management, the top eight professional competencies are essential for successful practice. Environmental knowledge forms the foundation, while competencies such as risk assessment, sustainability, and policy and governance ensure informed decision-making. Environmental impact assessment and stakeholder engagement promote collaboration and inclusivity. Competencies in data analysis enable evidence-based decision-making, while project management ensures effective implementation. These competencies are interrelated and reinforce one another, contributing to comprehensive and sustainable environmental management practices.
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Which ofthe following accounts are usually transferred to the Income Statement? *
1 point
a. Rent, premises, drawings
b. Drawings, rent, purchases
c. Commission received, rent, purchases
d.Purchases, furniture, commission received
Answer:C
Explanation:It is C because to get your commission they need to transferred to your Income Statement and for rent they need to know that you can afford to live there.To purchase big stuff they gotta look at your income to buy it.
You have $100,000 to donate to your college. You want to endow a perpetual scholarship that makes its first payment in 1 year. If the college's discount rate is 5%, how large will the annual scholarship payment be?
Answer:
$5,000
Explanation:
Calculation for how large will the annual scholarship payment be
Using this formula
Cash Flow= Present Value x Rate
Where,
Present Value =$100,000
Rate=5%
Let plug in the formula
Cash Flow=$100,000*5%
Cash Flow=$5,000
Therefore how large will the annual scholarship payment be is $5,000.
Question 6 of 8 -/15 View Policies Current Attempt in Progress Fishing Designs has arranged to borrow $10,000 today at 13% interest. The loan is to be repaid with end-of-year payments of $3,000 at the end of years 1 through 4. At the end of year 5, the remainder will be paid. What is the year 5 payment? $ Round entry to the nearest dollar. Tolerance is ±4. Click here to access the TVM Factor Table Calculator Save for Later Attempts: 0 of 4 used Submit Answer ||| Question 7 of 8 < -/15 View Policies Current Attempt in Progress The Joshi Fish Farm (JFF), a saltwater aquarium company, is planning to expand its operations. It anticipates that an expansion will be undertaken in 4 years. In anticipation of the expansion, JFF invests money into a mutual fund that earns 6% compounded annually to finance the expansion. At the end of year 1, they invest $70,000. They increase the amount of their investment by $34,000 each year. How much will JFF have at the end of 4 years so that it can pay for the expansion? Click here to access the TVM Factor Table calculator. $ Carry all interim calculations to 5 decimal places and then round your final answer to a whole number. The tolerance is ±50. Save for Later Attempts: 0 of 4 used Submit Answer >
6) The value of the year 5 payment is $13,206.
7) The amount that JFF will have at the end of the fourth year to pay for the expansion is $305,618
Question 6: Given that,Fishing Designs has arranged to borrow $10,000 today at 13% interest. The loan is to be repaid with end-of-year payments of $3,000 at the end of years 1 through 4.
At the end of year 5, the remainder will be paid.The outstanding balance after the fourth payment can be calculated using the present value of an annuity formula as shown below;
PV = P * [(1 - (1+i)^-n)/i]
Where,
P = 3000
i = 13%/year
n = 4 years.
Substituting the values, we get;
PV = 3000[(1 - (1.13)^-4)/(0.13)]
PV = 9000.25
Therefore, the outstanding balance after the fourth payment is $9,000.25.
Then, we can find the payment that will be made at the end of year 5 using the present value formula.PV = FV/(1+i)^n
Where,FV = the future value that will be paid after the fifth year.
Substituting the values, we get;
9000.25 = FV/(1.13)^5
Therefore, the future value of the fifth-year payment is $13,205.88, which will be paid at the end of the fifth year.
Question 7: Given that,The Joshi Fish Farm (JFF), a saltwater aquarium company, is planning to expand its operations. It anticipates that an expansion will be undertaken in 4 years.
In anticipation of the expansion, JFF invests money into a mutual fund that earns 6% compounded annually to finance the expansion. At the end of year 1, they invest $70,000.
They increase the amount of their investment by $34,000 each year.
To find the amount that will be available at the end of the fourth year to finance the expansion, we can use the future value formula as shown below;
FV = PV(1+i)^n + PMT[((1+i)^n - 1)/i]
Where,PV = $70,000
i = 6%/year
n = 4 years
PMT = $34,000
Substituting the values, we get;
FV = 70000(1+0.06)^4 + 34000[((1+0.06)^4 - 1)/0.06]
FV = 305,617.64
Therefore, the amount that JFF will have at the end of the fourth year to pay for the expansion is $305,618 (rounded to the nearest dollar).
Hence, the answer is $305,618.
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Help!! 40pts!!
what role does jung hwa play in her educational institution?
jung hwa is the head of the college of sciences at a well-known university. she is responsible for overseeing the day to day running of the college of sciences. she also manages the running of other student services.
jung hwa is the _____ at her institution.
Jung Hwa, according to this scenario, is the Administrator at her institution.
Who is an administrator?An administrator is one who is responsible for overseeing the daily running of an institution.
It is the role of the administrator to set the overall goals and policies of the institution or company while leaving managers to handle the pragmatic implementation of strategies.
Thus, we can conclude that Jung Hwa, according to this scenario, is the Administrator at her institution.
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QUESTION TWO [25] AMBC (Pty Ltd) is considering investing in one of three potential projects. The details of the three projects being considered are summarised below: Year Project A Project B Project C 0 (R 38 000) (R 78 000) (R 25 000) 1 R 11 000 R 42 200 R 11 000 2 R 11 000 R 18 000 R 4 000 3 R 11 000 R 18 000 R 2 000 4 R 12 000 R 17 000 R 1 000 Present value factors based on 10 % cost of capital for the duration: Year 1 = 0.909 Year 2 = 0.826 Year 3 = 0.751 Year 4 = 0.683.
2.2 Determine which of the above projects has the shortest payback period. (9)
Payback period = Year 11 , Project C has the shortest payback period, which is less than 3 years. The payback period is a financial metric used to assess the time required to recover the initial investment in a project or investment. It represents the length of time it takes for the cash inflows from the investment to equal or exceed the initial cash outlay.
To determine the payback period for each project, we need to calculate the cumulative cash inflows until the initial investment is recovered. The project with the shortest payback period is the one that recovers the initial investment in the shortest amount of time.
For Project A:
Year 0: Initial investment = R 38,000
Year 1: Cash inflow = R 11,000
Year 2: Cash inflow = R 11,000
Year 3: Cash inflow = R 11,000
Year 4: Cash inflow = R 12,000
The cumulative cash inflows are as follows:
Year 1: R 11,000
Year 2: R 22,000
Year 3: R 33,000
Year 4: R 45,000
The payback period for Project A is less than 4 years, as the cumulative cash inflows exceed the initial investment of R 38,000. Therefore, we need to determine the exact payback period by interpolating between Year 3 and Year 4:
Payback period = Year 3 + (R 38,000 - R 33,000) / R 12,000
Payback period = Year 3 + 0.417
Payback period = Year 3.42 (rounded to two decimal places)
For Project B:
Year 0: Initial investment = R 78,000
Year 1: Cash inflow = R 42,200
Year 2: Cash inflow = R 18,000
Year 3: Cash inflow = R 18,000
Year 4: Cash inflow = R 17,000
The cumulative cash inflows are as follows:
Year 1: R 42,200
Year 2: R 60,200
Year 3: R 78,200
Year 4: R 95,200
The payback period for Project B is less than 4 years, as the cumulative cash inflows exceed the initial investment of R 78,000. Therefore, we need to determine the exact payback period by interpolating between Year 3 and Year 4:
Payback period = Year 3 + (R 78,000 - R 78,200) / R 17,000
Payback period = Year 3 + 0.012
Payback period = Year 3.01 (rounded to two decimal places)
For Project C:
Year 0: Initial investment = R 25,000
Year 1: Cash inflow = R 11,000
Year 2: Cash inflow = R 4,000
Year 3: Cash inflow = R 2,000
Year 4: Cash inflow = R 1,000
The cumulative cash inflows are as follows:
Year 1: R 11,000
Year 2: R 15,000
Year 3: R 17,000
Year 4: R 18,000
The payback period for Project C is less than 3 years, as the cumulative cash inflows exceed the initial investment of R 25,000. Therefore, we need to determine the exact payback period by interpolating between Year 3 and Year 4:
Payback period = Year 3 + (R 25,000 - R 17,000) / R 1,000
Payback period = Year 3 + 8
Payback period = Year 11
Based on the calculations, Project C has the shortest payback period, which is less than 3 years.
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when blood glucose levels fall, A. protein synthesis increases. B. peripheral cells take up more glucose. C. glucagon is released. D. calcitonin is secreted. E. insulin is released.
When blood glucose levels fall, the correct answer is C. Glucagon is released.
Glucagon is a hormone produced by the alpha cells of the pancreas and is released when blood glucose levels are low. Its main function is to stimulate the liver to convert stored glycogen into glucose and release it into the bloodstream, which helps to raise blood glucose levels.
Option A, protein synthesis increases, is not correct. This process is not directly related to blood glucose levels.
Option B, peripheral cells take up more glucose, is incorrect. When blood glucose levels are low, the body's priority is to maintain adequate glucose levels in the blood, so it does not typically allow peripheral cells to take up more glucose, as this would further decrease blood glucose levels.
Option D, calcitonin is secreted, is incorrect. Calcitonin is a hormone produced by the thyroid gland and is involved in regulating calcium levels in the body, but it is not directly related to blood glucose levels.
Option E, insulin is released, is incorrect. Insulin is released when blood glucose levels are high and its main function is to facilitate the uptake of glucose by peripheral cells, which helps to lower blood glucose levels. When blood glucose levels are low, insulin levels typically decrease to allow the body to use alternative energy sources and prevent blood glucose levels from dropping too low.
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A system has 5 servers. Customers arrive at a rate of 6 per hour and service time is 20 minutes. What is the system utilization (state your answer in proportion)
The system utilization, in this case, is 200%, indicating that the system is operating at twice its capacity due to the arrival rate of customers exceeding the service rate of the servers.
Step 1: Calculate the average service rate by taking the reciprocal of the average service time:
Average service rate = 1 / Average service time
In this case, the average service time is 20 minutes.
Average service rate = 1 / 20 = 0.05 per minute
Step 2: Convert the arrival rate from customers per hour to customers per minute:
Arrival rate = Customers per hour / 60
In this case, the arrival rate is given as 6 customers per hour.
Arrival rate = 6 / 60 = 0.1 customers per minute
Step 3: Calculate the system utilization by dividing the arrival rate by the service rate: System utilization = Arrival rate / Service rate
In this case, the arrival rate is 0.1 customers per minute and the service rate is 0.05 per minute. System utilization = 0.1 / 0.05 = 2
Therefore, the system utilization is 2, which means the system is operating at 200% utilization (as a proportion).
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Analyse why the social benefit of education exceed the private benefit
Answer:
dddddddddddd
Explanation:
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxs
your company is manufacturing a new product , you need to establish a product quality control process. what are three things you must do to create/ establish. your product quality control process? (choose 3). 1.) developing the product website and social media campaign ? 2.) setting up your test market strategy ? 3.) review the results of internal quality assurance testing ? 4.) establish the method to use or testing product quality ? 5.) determine what standards have to be met based on the product and industry ? 6.) publish your test results in a popular professional journal?
Answer:5,4,and1
Explanation:
Whenever a customer's check
bounces, what account is credited?
A. Cash Equivalents
B. Accounts Receivable
C. Checks
D. Cash
Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Suppose a country's real GDP is $16 trillion and the population is 400 million. Instructions: Enter your answers as a whole number. a. What Is this country's real GDP per caplta? $ b. Suppose that during the next 10 years, real GDP triples and the population doubles. At the end of this 10 -year perlod, what will be lts real GDP per caplta? $
a) The country's real GDP per capita is $40,000. b) At the end of the 10-year period, the country's real GDP per capita will be $60,000.
What is Real GDP per Capital?a. To calculate the country's real GDP per capita, we divide the real GDP by the population:
Real GDP per capita = Real GDP / Population
Real GDP = $16 trillion
Population = 400 million
Real GDP per capita = $16 trillion / 400 million
Now, let's perform the calculation:
Real GDP per capita = $40,000
b. In this scenario, we are given that the real GDP triples and the population doubles over a 10-year period.
Real GDP after 10 years = 3 * $16 trillion = $48 trillion
Population after 10 years = 2 * 400 million = 800 million
To calculate the real GDP per capita after 10 years, we divide the real GDP by the population:
Real GDP per capita after 10 years = Real GDP after 10 years / Population after 10 years
Real GDP after 10 years = $48 trillion
Population after 10 years = 800 million
Real GDP per capita after 10 years = $48 trillion / 800 million
Now, let's perform the calculation:
Real GDP per capita after 10 years = $60,000
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How important do you think focus groups are to the eventual success of a new product?
Answer:
Yes
Explanation:
Focus groups help businesses learn what their customers think, enabling strategic decision-making focused on their target market's true wants and needs
A payment of $950 scheduled to be paid today and a second payment of $1,240 to be paid in nine months from today are to be replaced by a single equivalent payment. What total payment made today would place the payee in the same financial position as the scheduled payments if money can earn 4.25%?
To determine the equivalent single payment that would place the payee in the same financial position as the scheduled payments, we need to calculate the present value of both payments and find their sum.
The payment today of $950 is already in present value form since it is scheduled to be paid today.
The payment of $1,240 to be paid in nine months from today needs to be converted to its present value. We can use the formula for present value (PV):
PV = FV / (1 + r)^t,
where PV is the present value, FV is the future value, r is the interest rate, and t is the time period.
In this case, the future value (FV) is $1,240, the interest rate (r) is 4.25%, and the time period (t) is 9 months.
Converting 9 months to years, we have t = 9/12 = 0.75 years.
Calculating the present value of the second payment:
PV2 = $1,240 / (1 + 0.0425)^0.75 ≈ $1,193.35.
To find the equivalent single payment that would place the payee in the same financial position, we add the present values of both payments:
Equivalent Single Payment = PV1 + PV2 = $950 + $1,193.35 = $2,143.35.
Therefore, a total payment of $2,143.35 made today would place the payee in the same financial position as the scheduled payments if money can earn 4.25%.
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Maya is concerned about her credit problems and is worried
about the debt she's accumulated throughout college. Which
of the following strategies is the most advisable for Maya?
automatically apply for bankruptcy
immediately consolidate her loans
look for a reputable credit counselor
Answer:
C!
Explanation:
Debts are often referred to as money owed by individuals and they have no way to pay for it. The
best strategy that is the most advisable for Maya is to look for a reputable credit counselor
A credit counselor often tells an individual the right steps to take concerning any credit be it debt or any other things.If you can't make a payment or meet the options given, it is better to discuss payment options, contact your lenders to explain your situation or a credit counselor.
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How is the focus group discussion (POD) used as a method of generating ideas?
Answer:
In a focus group, a moderator leads a group of people through an open, in-depth discussion rather than simply asking questions to solicit participant response. For a new product area, the moderator focuses the group discussion in either a directive or a nondirective manner.
Determining Unit Costs, Variance Analysis, and Interpretation Big Dog Company, a manufacturer of dog food, produces its product in 1,000-bag batches. The standard cost of each batch consists of 9,000 pounds of direct materials at $0. 40 per pound, 48 direct labor hours at $8. 50 per hour, and variable overhead cost (based on machine hours) at the rate of $10 per hour with 16 machine hours per batch. The following variable costs were incurred for the last 1,000-bag batch produced:
Direct materials
11,300 pounds costing $4,378 were purchased and used
Direct labor
45 hours costing $450
Variable overhead
$250
Machine hours used
20 hours
(a) Determine the actual and standard variable costs per bag of dog food produced, separated into direct materials, direct labor, and variable overhead
To determine the actual and standard variable costs per bag of dog food produced, Actual Variable Cost per Bag: Direct Materials: $0.3876, Direct Labor: $10, Variable Overhead: $0.25. Standard Variable Cost per Bag:, Direct Materials: $3.60, Direct Labor: $0.408, Variable Overhead: $0.16
1, Direct Materials:
The actual cost of direct materials used is $4,378 for 11,300 pounds, which gives us a cost of $0.3876 per pound.
The standard cost of direct materials per batch is 9,000 pounds at $0.40 per pound, which gives us a cost of $3,600 per batch. Dividing this by 1,000 bags, we get a standard cost of $3.60 per bag.
2. Direct Labor:
The actual cost of direct labour is $450 for 45 hours, which gives us a cost of $10 per hour.
The standard cost of direct labour per batch is 48 hours at $8.50 per hour, which gives us a cost of $408 per batch. Dividing this by 1,000 bags, we get a standard cost of $0.408 per bag.
3. Variable Overhead:
The actual variable overhead cost is $250.
The standard variable overhead cost per batch is 16 machine hours at $10 per hour, which gives us a cost of $160 per batch. Dividing this by 1,000 bags, we get a standard cost of $0.16 per bag.
Therefore, the actual and standard variable costs per bag of dog food produced, separated into direct materials, direct labour, and variable overhead are:
Actual Variable Cost per Bag:
Direct Materials: $0.3876
Direct Labor: $10
Variable Overhead: $0.25
Total Actual Variable Cost per Bag = $0.3876 + $10 + $0.25 = $10.6376
Standard Variable Cost per Bag:
Direct Materials: $3.60
Direct Labor: $0.408
Variable Overhead: $0.16
Total Standard Variable Cost per Bag = $3.60 + $0.408 + $0.16 = $4.168
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By law, an accountant must hold a CPA designation in order to
?
Answer:
The CPA designation isn't required to work in corporate accounting or for private companies. However, public accountants—which are individuals working for a firm, such as Deloitte or Ernst & Young, that provides accounting and tax-related services to businesses—must hold a CPA designation.
Explanation:
Answer:
Prepare audited or reviewed financial statements.
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QUESTIONS 4 66. - Neatness has great value Consider the following short run production function: Q=6L-0.4L (each a point) a. Find the value of L that maximizes output and maximum output b. Find the value of L that maximizes marginal product and maximum marginal product c. Find the value of L that maximizes average product and maximum average product Given a short run cost function as TC= 1/3Q¹-2Q²-6Q +100 a. Find the minimum value of AVC and MC (a point) A firm operates in a perfectly competitive market. The market price of its product is 4 birr and the total cost function is given by TC= 1/3Q - SQ+z0Q+50, where TC is the total cost and Q is the level of output. (each a point) a. What level of output should the firm produce to maximize its profit? b. Determine the level of profit at equilibrium. c. What minimum price is required by the firm to stay in the market Which Economic System is suit for Ethiopia? Discuss it? (4 point) Discuss the goals of macroeconomics and the measurement of economic performance of the country (6- the point) 6 6. What are problems and instruments of macroeconomics, Discuss it? (6-point)?
a. The value of L is 7.5 and the maximum output is 22.5.
b. The value of L is 7.5 and maximum marginal product is 0.
c. There is no value of L.
What is the value of L?a. To get value of L that maximizes output (Q), we need to differentiate the production function with respect to L:
\(Q = 6L - 0.4L^2\)
Taking derivative with respect to L:
dQ/dL = 6 - 0.8L
6 - 0.8L = 0
0.8L = 6
L = 6 / 0.8
L = 7.5
The value of L that maximizes output is 7.5 and maximum output (Q) will be:
\(Q = 6(7.5) - 0.4(7.5)^2\)
Q = 45 - 0.4(56.25)
Q = 45 - 22.5
Q = 22.5
To get value of L that maximizes marginal product (MP), we have to differentiate function:
MP = dQ/dL = 6 - 0.8L
Setting MP = 0:
6 - 0.8L = 0
0.8L = 6
L = 6 / 0.8
L = 7.5
The maximum marginal product is computed by substituting value into function:
MP = 6 - 0.8(7.5)
MP = 6 - 6
MP = 0
c. To find the value of L that maximizes average product (AP):
AP = Q / L = (6L - 0.4L^2) / L
Simplifying:
AP = 6 - 0.4L
Taking derivative:
dAP/dL = -0.4
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