what is the annual opportunity cost of a checking account that requires a $600 minimum balance to avoid service charges? assume an interest rate of 2 percent.
Answers
The annual opportunity cost of a checking account requiring a $600 minimum balance to avoid service charges can be calculated by multiplying the minimum balance by the interest rate. In this case, the opportunity cost would be $12.
The opportunity cost of a checking account refers to the potential return or benefit that could have been earned if the money in the account had been invested elsewhere. In this scenario, the account holder must maintain a minimum balance of $600 to avoid service charges.
Since the account does not generate any interest, the opportunity cost is the potential interest that could have been earned if the $600 had been invested elsewhere. Given an interest rate of 2 percent, the annual opportunity cost can be calculated by multiplying the minimum balance ($600) by the interest rate (2%): $600 * 0.02 = $12. Therefore, the annual opportunity cost of this checking account is $12.
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Related Questions
Answer the qwustion and show your work and provide a detailed
explanation as to why that answer is correct (letter d is wrong).
Answers
The question asks for an explanation of the given question.
The given question requests an explanation, which means providing a detailed account or description of the question. In this context, an explanation would involve breaking down the components of the question, examining its structure, and offering insights into its purpose and relevance.
Explaining a question typically involves analyzing its underlying concepts, identifying any key terms or assumptions, and providing a clear and comprehensive response that addresses the question's intent. It often requires breaking down complex ideas into simpler terms, providing examples or evidence to support the answer, and ensuring the response is logical and coherent.
By explaining the given question, we can enhance understanding, clarify any uncertainties, and provide a thorough response that satisfies the inquiry. It allows for a deeper exploration of the topic at hand and provides the necessary context for a meaningful and informed discussion.
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the direct labor hours required to produce the first two units of a new product are 2,000 and 1,800, respectively. using a 90% learning rate the company would estimate the direct labor hours for the fifth unit to be
Answers
The corporation would calculate the direct labor hours for the fifth unit to be 1566.0 hours, assuming a 90% learning rate.
Is direct labour wage-based?
A new product's first two units require 2,000 and 1,800 direct labor hours to produce, respectively. The hourly pay rate, the cost of fringe benefits, and your share of employee payroll taxes are all included in the direct labour hourly rate, commonly referred to as the labour rate standard. Divide that sum by the total number of hours worked during the pay period to determine the hourly value of employee taxes and fringe benefits. The amount of direct labour hours required to create one unit of a product is known as the direct labour hours.
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Describe the multinational structure and international presence of BHP and focusing on their physical presence and forms of entry, as well as their equity market listing(s).
The recent delisting from the London Stock Exchange (LSE) has changed the company standing on the ASX in terms of stock market presence. Explain how.
Answers
BHP has a multinational structure and an international presence. The firm has a large workforce and operates in a variety of locations worldwide, with the majority of its operations located in Australia and the Americas. BHP has used a variety of entry strategies to enter different markets, including acquisitions, joint ventures, and greenfield investment. BHP's equity market listing is dual-listed, and it is now only listed on the ASX following its delisting from the LSE.
BHP, one of the world's leading resource companies, has an international presence, a multinational structure, and operates across the world. It has a workforce of 80,000+ employees who work in multiple countries. BHP has an extensive physical presence worldwide, with the majority of its operations located in Australia and the Americas. BHP's global operations are divided into five groups: Petroleum, Minerals Australia, Minerals Americas, Steel, and Corporate. BHP has a diverse portfolio of assets, including minerals, oil, and gas, and it operates in a variety of locations. It's among the world's largest mining companies and has a global customer base.
BHP has a long history of international expansion and has used a variety of entry strategies to enter various markets. For example, in the case of its entry into the US, BHP used acquisitions. BHP's joint venture partnerships with other firms have aided its entry into several markets, such as those in Asia. In contrast, the company's entry into China was largely through greenfield investment, as it is prohibited from acquiring a majority stake in local companies.
BHP has a unique equity market listing in that it is dual-listed. BHP is listed on the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE). In November 2018, BHP's LSE-listed shares were delisted, leaving only the company's ASX listing, following a successful buyback. It is possible to purchase BHP shares on other stock exchanges, such as the Johannesburg Stock Exchange.
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Which of the following is used as the key determinant to signal to producers what
S.
to produce and how much to produce in a free-market economic system?
A) the market curve
B) trend
C) price
D) quantity
Answers
Answer:
i guess the answer is :- trend
Jamie is researching places to live after graduating college he asked you I keep coming across as phrase cost-of-living I’ve never heard of it before do you know what it means which of the following definitions would you choose to explain to Jamie about cost-of-living means
Answers
Answer:
The cost of living refers to the prices of goods and services needed to sustain an average level standard of living in an area
Explanation:
The cost of living refers to the cost of keeping up with a given standard of living. It is the amount Jamie would need to keep up with basic expenses such as food, housing, clothing and medical care. Cost of living compares the expense between living in two different areas. Jamie's cost of living is tied to his wages and it can be measured using what is called purchasing power parity.
Need help with now/ASAP!
Answers
Answer:
You can create the time line below or submit a separate Word or PowerPoint document containing the time line. If your tim
Explanation:
You can create the time line below or submit a separate Word or PowerPoint document containing the time line. If your tim
Which of the following statements describes GAAP?
A. GAAP standards are written and regulated by the government.
B. It is legally required that all companies meet GAAP standards.
C. Companies that meet GAAP standards usually use cash basis accounting.
D. GAAP recommends accrual basis accounting.
Answers
The statement that describes GAAP is that GAAP recommends accrual basis accounting.
Generally accepted accounting principles refers to the standards and accounting rules that are used for financial reporting.The four main principles of GAAP include consistency, objectivity, materiality and prudence. It should also be noted that Generally accepted accounting principles make use of the accrual basis accounting because sales are recorded at the time that they occur. This is vital in providing a better insight into the affairs and the performance of a company.
In conclusion, the correct option is D.
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Competition and prices act as regulators of production in HELP ASAP
a command economy
a democratic economy
a market economy
a traditional economy
Answers
Answer:
A market economy
Explanation:
A market economy is better, since you will have a lot of food to sell, naybe you go higher when its poular around the areas
which form of entry into a foreign market is more likely to provide a company with access to a local partner’s knowledge?
Answers
The form of entry into a foreign market that is more likely to provide a company with access to a local partner's knowledge is a joint venture.
A joint venture is a form of entry into a foreign market that can provide a company with access to a local partner's knowledge. When a company decides to enter a foreign market, it has several options for market entry, such as exporting, licensing, franchising, joint ventures, and wholly-owned subsidiaries. Among these options, a joint venture involves forming a partnership with a local company in the target market. In a joint venture, both parties share ownership, control, and profits. A joint venture provides a unique advantage in terms of accessing a local partner's knowledge. By partnering with a local company, the company can tap into the partner's understanding of the local market, including consumer preferences, cultural nuances, distribution channels, regulatory requirements, and business practices.
The local partner brings valuable insights, contacts, and expertise that can significantly enhance the company's market entry and operations. Through a joint venture, the company can leverage the local partner's knowledge to navigate the challenges and complexities of the foreign market more effectively. The collaboration allows for knowledge sharing, mutual learning, and synergistic utilization of each party's strengths. This access to a local partner's knowledge can be instrumental in developing effective strategies, adapting to the local market conditions, and achieving a competitive edge in the foreign market.
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Corcovado Pharmaceuticals. Corcovado Pharmaceutical's cost of debt is 6.70%. The risk-free rate of interest is 3.80%. The expected return on the market portfolio is 8.10%. Corcovado's effective tax rate is 25%. Its optimal capital structure is 70% debt and 30% equity.
a. If Corcovado's beta is estimated at 1.80, what is its weighted average cost of capital?
b. If Corcovado's beta is estimated at 1.30, significantly lower because of the continuing profit prospects in the global pharma sector, what is its weighted average cost of capital?
Answers
To calculate Corcovado Pharmaceutical's weighted average cost of capital (WACC) with a beta of 1.80, we need to consider both the cost of debt and the cost of equity.
According to the given information:The cost of debt is given as 6.70%, while the risk-free rate of interest is 3.80%. The difference between these two rates is the risk premium associated with the debt, which is 2.90% (6.70% - 3.80%).
Therefore, the WACC with a beta of 1.80 is (0.70 * 6.70%) + (0.30 * 9.52%) = 5.29% + 2.86% = 8.15%.
b. With a beta of 1.30, the WACC can be calculated using the same steps as in part a, but with the new beta value.
So, the cost of equity is 3.80% + (1.30 * (8.10% - 3.80%)) = 8.45%.
Using the optimal capital structure of 70% debt and 30% equity, the WACC with a beta of 1.30 is (0.70 * 6.70%) + (0.30 * 8.45%) = 4.69% + 2.53% = 7.22%.
Therefore, with a beta of 1.30, the weighted average cost of capital for Corcovado Pharmaceuticals is 7.22%.
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g when demand is elastic and supply is inelastic, the burden of a tax falls mainly on consumers.
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In the following question, among the conditions given, When demand is elastic and supply is inelastic, the burden of a tax falls mainly on consumers. This statement is "true."
What is tax incidence,Tax incidence is a study of who bears the burden of taxes. It refers to the percentage of tax burden imposed on producers and consumers by a tax on a good or service. Tax incidence can fall on either the consumer or the producer or be split between them.
When the demand is elastic and the supply is inelastic, the burden of a tax falls mainly on consumers. When demand is inelastic, the quantity demanded does not change much in response to price changes. In contrast, when supply is elastic, the quantity supplied changes a lot in response to changes in price.
When demand is elastic and supply is inelastic, the burden of a tax falls mainly on consumers. When the tax is imposed on producers, they may not be able to pass the tax onto consumers because they have little control over the quantity they sell.
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When looking at the purchase of accounting software, things to avoid include
Answers
Answer:
4) C) software that requires a high annual subscription whether you want the updates or not
Explanation:
_____ risks are risks that remain after all of the response strategies have been implemented.
Answers
The term that describes risks that remain after all of the response strategies have been implemented is residual risks. Residual risks are those risks that have not been fully mitigated or eliminated through risk response strategies.
It is important to recognize and address residual risks as they can potentially have a significant impact on project success. Therefore, residual risks should be monitored and managed throughout the project lifecycle to ensure that they are being effectively addressed and do not pose a threat to the project's objectives.
Residual risks are risks that remain after all of the response strategies have been implemented. These are risks that were not completely eliminated or mitigated by the implemented strategies, and may still pose a potential impact on a project or situation.
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An unstable government is one that __________.
A.
is democratically elected
B.
is authoritarian
C.
changes hands frequently
D.
provides for its citizens
Answers
Answer:
C
Explanation:
An unstable government is one that changes hand frequently.
When something is said to be unstable, it means that thing keeps fluctuating from one situation, value, or condition to another.
An unstable government is one in which those at the elms of affairs keep changing at frequent intervals. With each new administrator comes new policies. Hence, there are inconsistencies in policy formulation.
Correct option: C
Answer:
He is correct~
Explanation:
What can a boosted post help an advertiser achieve?
Answers
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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Kent works in the public relations department of his company. He sends a news release about a new product offering to several newspapers and television stations. Kent knows from past experience that even when the media use his news releases, they often release the information at inopportune times. They will also sometimes cut out what Kevin believes are the most important points to make the news fit. However, Kent accepts these disadvantages because free publicity offers the advantage of
Answers
Answer:
The answer is "credibility".
Explanation:
In this scenario, free advertising offers a reputation benefit. When this journal advertises openly, it's also considered reliable by the targeted customers like, it is in news form while charging something. Therefore, Kent finds that improper transmission of time information to be a drawback since it recognizes that its product and company would still be credible.
People are known to have different qualities. Kent accepts these disadvantages because free publicity offers the advantage of Credibility.
Credibility is known to be a characteristic of an individual who is said to be noted by others to be a trusted advisor, believable, and confident as they tend to show a high level of expertise in a specific field.A lot of traits are said to be of influential behaviors are known to be linked with with high credibility. Kent acceptance shows that free publicity gives some measure of Credibility.
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Sometimes a liquid can be sitting there and its molecules will become a gas. That’s called
___________________________________________.
Answers
Answer:
Una vez que toda la sustancia está en estado líquido, al continuar calentando vuelve a subir la temperatura y llega un momento en que las fuerzas intermoleculares ya son incapaces de mantener juntas las moléculas del líquido, por lo que éste hierve y se convierte en un gas, se produce la ebullición.
standard oil company was the empire of which business mogul?
Answers
The most common form of competition is ________blank, in which many firms compete for customers in a given market but with differentiated products.
Answers
The most common form of competition is monopolistic competition blank, in which many firms compete for customers in a given market but with differentiated products.
Monopolistic Competition Market
Monopolistic Competition is a competition with other manufacturers who have similar products, but there are differences between each of them.
This difference is the hallmark of the productsproducts sold by each manufacturer.
The activity of producing these goods is known as product differentiation or product differentiation. Because the products produced are almost similar, each producer will compete in terms of quality, price, and how to market their products.
Monopolistic Competition Market Characteristics
The characteristics of a monopolistically competitive market are as follows:
1. Has a very large number of producers
As in a perfectly competitive market, a monopolistic market has a large number of producers. Due to the large number of producers, each producer has a relatively small market share.
2. There is Product Differentiation
Product differentiation is when a manufacturer produces a product that is slightly different, but similar to the products of its competitors.
In a monopolistically competitive market, when the price of one producer rises while the price of the product of another producer is constant, the demand for that product will fall. Because, consumers will easily find substitute products from these products.
3. Each producer competes in terms of quality, price, and how to market their products
Because products in monopolistic markets tend to be similar, producers will compete in terms of quality, price, and how to market their respective products.
Manufacturers will compete to improve the quality of their products, such as through attractive product designs and services provided to consumers.
4. Producers are free to enter the market
Just like a perfectly competitive market, monopolistic market participants are also free to enter and leave the market.
The free entry and exit of the market means that there are no barriers for new producers who want to sell their products in the market or old producers who want to leave the market.
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How do you calculate simple interest on a loan?
Answers
Simply multiply the principle amount by the interest rate and the duration to compute simple interest. "Simple Interest = Principal x Interest Rate x Time," the formula says.
To calculate simple interest on a monthly basis, divide the yearly interest by 12. As a result, the formula for computing monthly simple interest is (P R T) / (100 12).
Simple interest equals principle multiplied by interest rate multiplied by number of years. So, if you borrow $100,000 for 15 years at 3% interest, your computation would be as follows:
$45,000 = 100,000 x 0.03 x 15.... APR = (((fees + interest) / principle / loan term days) x 365) x 100.
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What is an Individual Asynchronous Communicator? And provide 2 examples of people who are like that
Answers
Answer:
asynchronous communication is when you send a message without expecting an immediate response. For example, you send an email. I open and respond to the email several hours later. You can choose anyone you know for the example of people who are like that part. <3
Explanation:
sport directs and British Heart Foundation: mission, vision, and values.
Answers
Our British goal is to create a world without the worry of cardiovascular and Foundation circulation conditions. These illnesses destroy the hearts mission of millions of families and claim the lives of 1 in 4 people.
We intend to alter that. In order to permanently defeat sadness, we raise money for research into treatments and Foundation cures. According to the BBC's Royal Charter, its purpose is to act in the public interest mission while providing all audiences with objective, outstanding, and distinctive products and services that inform, educate, and amuse them. The British Heart Foundation Society seeks to promote the charity and raise funds for it.
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Transactions that don’t increase or decrease cash, but that result in significant investing and financing activities, are reported either directly after the cash flow statement or in a separate note to the financial statements as noncash activities.
a. True
b. False
Answers
Transactions that don’t increase or decrease cash, but that result in significant investing and financing activities, are reported either directly after the cash flow statement or in a separate note to the financial statements as noncash activities.
The above statement is True
What do you mean by transactions?
An agreement or communication between a buyer and a seller to trade products, services, or assets in exchange for money is a financial transaction. Any transaction involves a shift in the financial situation of two or more entities, whether they be people or businesses.In a firm, there are primarily four different sorts of financial transactions. Sales, purchases, receipts, and payments are the four categories of financial transactions that have an effect on the firm.To know more about Transactions here
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Who benefits the most from taxes?
Answers
The benefits of taxation are shared among both individuals and government entities.
Individuals benefit from taxes in a variety of ways, including the provision of public services that are funded through taxation. These services—such as roads, schools, police, fire departments, and other public infrastructure—are essential to the functioning of a healthy society, and are funded largely through taxes.
Taxation also helps to fund government programs that provide subsidies for education and health care, as well as Social Security, Medicare, and other social safety net programs that help to protect vulnerable individuals from poverty and hardship.
On the other hand, governments benefit from taxes in a few key ways. The most obvious is that taxation provides governments with the revenue they need to fund public services and programs. Taxation also helps governments to manage the economy. Taxation also helps governments to distribute the burden of paying for public services and programs more equitably, as those with higher incomes are taxed at a higher rate than those with lower incomes.
In conclusion, both individuals and governments benefit from taxation. Individuals benefit from the provision of public services and programs funded through taxes, while governments benefit from the revenue generated through taxation and the ability to influence economic activity.
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Which of the following is not a life role category?
O Risk Taker
O Worker
O Family Member
O Learner
Answers
Risk Taker is not a life role category.
A life role is a set of expectations, behaviors and attitudes that a society assigns to a person based on their gender, age, social status, race or other factors. For example, in many cultures women are expected to be loving, nurturing and care-givers, while men are expected to be strong, provider-types.
Life roles help to define how we see ourselves and how we are seen by others. They can be a source of satisfaction and fulfilment, but they can also be a source of stress and frustration if they do not fit with our own personal aspirations and identity.
Hence, the correct option is "First".
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If you were starting a new business describe at least three departments to the company that you would need right away why are these departments so important
Answers
Answer:
Explanation:
These departments are as follow:-
1) Admin
2) Administrative
3) HOD (Head Of Departments)
Burnem, Inc. manufactures blank CDs and sells them to a
distributor in packs of 500 CDs. Burnem's total cost and total
revenue (in dollars) for x packs of 500 CDs are given by the
following equations.
Answers
Burnem, Inc. manufactures blank CDs and sells them to a distributor in packs of 500 CDs. Burnem need to sell 441 packs to break even.
Let x be the number of packs Burnem need to sell to break even then
Total cost = Total revenue
5 x + 4851 = 16 x
=> 11 x = 4851
x = 441 packs
So Burnem need to sell 441 packs to break even.
The term "total cost" is used to describe the total cost of production, which includes both fixed and variable costs. The cost of producing a product is referred to as the total cost in economics. There are two components that make up the total cost: Cost per unit: The cost remains constant. In economics, total cost includes each factor of production's fixed or variable opportunity cost, or benefits received from the next best alternative. Marginal cost is the additional total cost of producing one more unit.
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Complete question as follows :
Burnem, Inc. manufactures blank CDs and sells them to a distributor in packs of 500 CDs. Burnem's total cost and total revenue (in dollars) for x packs of 500 CDs is shown below. Total cost = 5 x + 4851 and Total revenue = 16 x
How many packs of 500 CDs must Burnem sell to break even? x = packs
PLS HELPPP!!! FASTTT!!! A firm has three different investment options. Option A will give the firm $10 million at the end of one year, $10 million at the end of two years, and $10 million at the end of three years. Option B will give the firm $15 million at the end of one year, $10 million at the end of two years, and $5 million at the end of three years. Option C will give the firm $30 million at the end of one year, and nothing thereafter. Which of these options has the highest present value?
a. Option A
b. Option B
c. Option C
d. The answer depends on the rate of interest, which is not specified here.
Answers
Answer:
i would say d
Explanation:
A company sells a plant asset that originally
cost $528000 for $194000 on December
31, 2017. The accumulated depreciation
account had a balance of $264000 after
the current year's depreciation of $44000
had been recorded. The company should
recognize a
Answers
Answer:
The company should recognize a loss of $70,000
Explanation:
Here in this question, we shall be evaluating what should be recognized in the transaction books of the company as a result of the sales of one of its plant asset.
The first thing to do here is to calculate the book value of the plant asset.
Mathematically, the book value of the plant asset = Original cost of plant asset - Accumulated depreciation value
from the question; the original cost is $528,000
while the depreciation value is $264,000
Thus, the book value of the plant asset = $528,000 - $264,000 = $264,000
Now since the company sold the plant asset at a value of $194,000, which is less than the book value of the plant asset, the company should recognize a loss
The amount of the loss = Amount at which the sold - book value of the plant asset
= 194,000 -264,000 = -70,000
Thus the company should recognize a loss of $70,000
Jessie is designing a new style of bracelet to sell at school to raise money for fbla. She has sold so many bracelets that she has assigned other members of fbla to assist her in making the bracelets. Which production activity step is this?.
Answers
Answer:
recruiting/hiring
Explanation:
i dont know its just a guess