On 1 July 2021, Blue Sea Limited's balance sheet showed the values of non-current assets, including their cost and accumulated depreciation. However, specific details about the values and types of assets are missing from the provided information. To provide a comprehensive answer, it is necessary to know the specific assets and their corresponding values. Without this information, a detailed explanation cannot be provided.
The non-current assets section of a balance sheet typically includes long-term assets held by a company for more than one year, such as property, plant, and equipment (PPE), intangible assets, and investments. The cost represents the original purchase price or acquisition cost of the assets, while accumulated depreciation reflects the total depreciation expense recorded over the years since the assets were acquired.
To provide a more accurate and detailed explanation, it is crucial to know the specific assets and their respective cost and accumulated depreciation figures. With this information, it would be possible to analyze the depreciation expense, calculate the net book value of the assets, and assess the impact on the company's financial position.
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Prompt
What is liability?
Read More >>
Answer:
jobless
Explanation:
someone who depend on other people
PLEASE HELP I'LL GIVE YOU THE BRAINLIEST
Select the correct answer. All of the following describe a budget appropriately EXCEPT:
A. It is the best tool to help you get more for r your money.
B. it is setting limits and restrictions on your money and doesn't do anything else.
C. It helps keep track of your money so you know where it is going.
D. It helps you save for both short-term and long-term financial goals.
Answer:
B it us setting limits and restrictions on your money and doesnt do anything else.
Which descriptions offer examples of Consumer Services workers? Check all that apply.
Agatha helps people having a difficult time applying for loans.
Yasmine manages apartment buildings, and oversees their rentals to tenants.
Titus cares for young children in private homes.
Enrique responds to customers to resolve their complaints about items they purchased.
Deshawn organizes activities, programs, and events for a religious group.
Zoe organizes and oversees funeral services.
Answer:
Agatha helps people having a difficult time applying for loans.
Yasmine manages apartment buildings, and oversees their rentals to tenants.
Enrique responds to customers to resolve their complaints about items they purchased.
Explanation:
Just answered this question.
Answer:
abd
Explanation:
What is the stakeholder management process are interpersonal skills most important?
The stakeholder management process is the process of identifying, analyzing, and managing the relationships with various stakeholders involved in a project or business.
Interpersonal skills are most important in the stakeholder management process because they allow for effective communication and relationship-building with stakeholders. This includes the ability to listen, empathize, and collaborate with stakeholders in order to understand their needs and concerns, and to find mutually beneficial solutions.
Interpersonal skills also play a key role in managing conflicts and disagreements with stakeholders, and in building trust and support for the project or business. Therefore, having strong interpersonal skills is essential for successful stakeholder management.
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Which strategy makes use of summarizing to understand written documents?
A. Guessing from context
B. Previewing
C. Skimming
D. Taking notes
Answer:
See below
Explanation:
The strategy which makes use of summarizing to understand written documents is called paraphrasing. It is the act of writing an author's word in one's own word.
However, before one could paraphrase, the context or subject being discussed must be really understood. Here, the main contents in the discussed are preserved when paraphrasing in order not to lose relevance.
Guessing from contents means knowing the exact meaning of every words used in a context. The idea here is not to summarize the written document.
Previewing is when the summary of a content is being read inoder to have a general idea of the content. The whole summary of a passage or content are displayed at a glance.
Skimming. In skimming, one look out for certain key words and phrases rather than summarizing the whole contents.
Taking notes. Note taking involves writing down main ideas, summary and vocabulary in order to have full knowledge of what the whole contents entails.
An economist is interested in predicting the unemployment rate based on gross domestic product. Since the economist is interested in predicting unemployment, the independent variable is gross domestic product. True or false?.
The answer is true, because it is one of the most common indicators used to track the health of a country's economy. The calculation of a country's GDP takes into account a number of different factors about that country's economy, including its consumption and investment.
Gross domestic product (GDP) is the total monetary or market value of all finished goods and services produced within national borders within a certain period of time. As a broad measure of overall domestic production, it serves as a comprehensive scorecard of a particular country's economic health. GDP is perhaps one of the most closely watched and important economic indicators for economists and investors as it is a representation of the total dollar value of all goods and services produced by the economy over a given period of time.
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which intangible product is exchanged directly between the producer and the customer?
The intangible product which exchanged directly btwn the producer and customer is " service "
which of the following compares customer relationship management (crm) with customer service management (csm)?
The statement that compares customer relationship management (CRM) with customer service management (CSM) is option C : Whereas the CRM process is designed to identify and build relationships with good customers, the CSM process is designed to ensure that those customer relationships remain strong .
This means that CRM is more focused on acquiring and maintaining customer relationships, while CSM is more focused on providing excellent customer service to retain those relationships.
By understanding these differences, businesses can effectively implement both CRM and CSM strategies to improve customer satisfaction, loyalty, and overall business success. In summary, option C is the correct answer to the question, which compares CRM and CSM in terms of their respective goals and objectives. The response should be in 150 words.
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Complete Question:
Which of the following compares customer relationship management (CRM) with customer service management (CSM)?A : Whereas the CRM process is designed to analyze consumer feedback to understand trends, the CSM process is designed to ensure that marketing and advertising addresses those findings .B : Whereas the CSM process is designed to analyze consumer feedback to understand trends, the CRM process is designed to ensure that marketing and advertising addresses those findings. C : Whereas the CRM process is designed to identify and build relationships with good customers, the CSM process is designed to ensure that those customer relationships remain strong. D : Whereas the CSM process is designed to identify and build relationships with good customers, the CRM process is designed to ensure that those customer relationships remain strong
What is the interest owed on a loan of $100 at 10% for 3 months?
Answer:
$2.50
Explanation:
The information is somewhat incomplete. It does not state whether simple or compound interest which could make a difference
I am assuming simple interest
The formula for simple interest is
I = Prt
where I is interest
P is amount of loan
r is annual rate of interest expressed as a decimal
t = number of years
We are given
P = $100
r = 10$ = 10/100 = 0.10
t = 3 months = 3/12 year = 1/4 th of a year
I = 100 x 0.10 x 1/4 = $2.50
For each problem given, find (a) the present value of the lump-sum payment, (b) the present value of the payments, and (c) the fair market value of the bond.
Round each part of the answer to the nearest cent.
1. A company issues a 15-year $2,000 bond that pays $40 every six months. The current market interest rate is 6%.
2. A school board issues a 20-year $5,000 bond that pays $50 every six months. The current market interest rate is 4.5%.
a. The present value of the lump-sum payment is $766.24.
b. The present value of the payments is $919.31.
c. The fair market value of the bond is $3,996.01.
(a) To find the present value of the lump-sum payment, we need to calculate the present value of the face value of the bond (i.e., $2,000). We can use the formula:
PV = FV / (1 + r)^n
where PV is the present value, FV is the future value (or face value), r is the interest rate per period, and n is the number of periods.
In this case, n = 15 * 2 = 30 (since payments are made every six months), r = 6% / 2 = 0.03 (since it's a semi-annual rate), and FV = $2,000. Plugging these values into the formula, we get:
PV_lumpsum = $2,000 / (1 + 0.03)^30 = $766.24
Therefore, the present value of the lump-sum payment is $766.24.
(b) To find the present value of the payments, we can use the formula for the present value of an annuity:
PV = C x (1 - 1 / (1 + r)^n) / r
where PV is the present value, C is the periodic payment, r is the interest rate per period, and n is the number of periods.
In this case, n = 15 * 2 = 30 (since payments are made every six months), r = 6% / 2 = 0.03 (since it's a semi-annual rate), and C = $40. Plugging these values into the formula, we get:
PV_payments = $40 x (1 - 1 / (1 + 0.03)^30) / 0.03 = $919.31
Therefore, the present value of the payments is $919.31.
(c) To find the fair market value of the bond, we need to add the values of the lump-sum payment and the payments:
FMV = PV_lumpsum + PV_payments = $766.24 + $919.31 = $1,685.55
Therefore, the fair market value of the bond is $1,685.55.
(a) To find the present value of the lump-sum payment, we need to calculate the present value of the face value of the bond (i.e., $5,000). We can use the formula:
PV = FV / (1 + r)^n
where PV is the present value, FV is the future value (or face value), r is the interest rate per period, and n is the number of periods.
In this case, n = 20 * 2 = 40 (since payments are made every six months), r = 4.5% / 2 = 0.0225 (since it's a semi-annual rate), and FV = $5,000. Plugging these values into the formula, we get:
PV_lumpsum = $5,000 / (1 + 0.0225)^40 = $1,787.98
Therefore, the present value of the lump-sum payment is $1,787.98.
(b) To find the present value of the payments, we can use the formula for the present value of an annuity:
PV = C x (1 - 1 / (1 + r)^n) / r
where PV is the present value, C is the periodic payment, r is the interest rate per period, and n is the number of periods.
In this case, n = 20 * 2 = 40 (since payments are made every six months), r = 4.5% / 2 = 0.0225 (since it's a semi-annual rate), and C = $50. Plugging these values into the formula, we get:
PV_payments = $50 x (1 - 1 / (1 + 0.0225)^40) / 0.0225 = $2,208.03
Therefore, the present value of the payments is $2,208.03.
(c) To find the fair market value of the bond, we need to add the values of the lump-sum payment and the payments:
FMV = PV_lumpsum + PV_payments = $1,787.98 + $2,208.03 = $3,996.01
Therefore, the fair market value of the bond is $3,996.01.
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Why were the British able to crush the revolt
Answer: they saw through their plans
consider three scenarios: base case worst case best case % of members who do not show 25 % 50 % 15 % % of nonmembers who do not show 10 % 30 % 4 % number of nonmember registrants 135 110 155 all other inputs are the same as in part (a). use scenario manager to generate a summary report that gives the profit for each of these three scenarios. what is the highest profit? what is the lowest profit? if required, round your answers to two decimal places. for subtractive or negative numbers use a minus sign. the highest profit is $ . the lowest profit is $ .
Based on the case the highest profit is $ 5,390.00, and the lowest profit is $ -4,900.00
First, let's calculate the total revenue:
Total Revenue = (Number of Members x 5) x $0 + Number of Nonmembers x $75
Next, let's calculate the total costs:
Total Costs = Rental Cost + Registration Processing Cost + Speaker Costs + (Number of Members x 5 x Breakfast Cost) + (Number of Members x 5 x Lunch Cost) + (Number of Attendees x Parking Cost)
Finally, we can calculate the profit or loss:
Profit = Total Revenue - Total Cost
Summary of Profits for Different Cases
Scenario Manager Summary
Report on Profits $20,250.00
Scenario Base Case $15,150.00
Worst Case $24,420.00
Best Case Revenue
Expenses $19,850.00
$20,050.00
$19,030.00
Profit
$400.00($4,900.00)
$5,390.00
Highest Profit = $ 5,390.00
Lowest Profit = $ -4,900.00
Therefore, the highest profit is $ 5,390.00, and the lowest profit is $ -4,900.00
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Shroden is a consumer goods manufacturer. It manufactures cookies, batteries, toothpaste, and soap. In the context of operations management, the goods manufactured by Shroden are its _____.
Answer:
inventory
Explanation:
Every item that is produced or purchased by the business in order to resell it and earn profit through it as a normal purpose of business, is considered as inventory.
In the given instance, Shroden manufactures consumer goods, like cookies, batteries, etc:
And since he targets to sell them and earn profit, all these manufactured products is the inventory of his business.
lents for Chefs on O*NET
Click this link to view O*NET's Education section for Chefs. According to O*NET, what are the three most common
levels of education Chefs hold? Check all that apply.
O associate degree
master's degree
high-school diploma or equivalent
less than high-school diploma
bachelor's degree
doctoral degree
Intro
According to the O'NETS education sector, the degrees that chefs need to have are:
associate degreehigh-school diploma or equivalentless than high-school diplomaWho is a chef?A chef is a term that is used to refer to a cook that has been professionally trained on the ways to prepare several meals.
A chef is a person that is able to prepare different dishes and they are known to focus on one cuisine often times.
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Answer: The answer is 1 3 4
Explanation:
I got it right
This assignment if for International Marketing Course
The United States and Japan, the two largest developed economies in the world, and their imports and exports put together comprise only 20 to 30 percent of their GDPs. However, this percentage has not changed much over the last three decades for both of these countries. Does this imply that the corporations and the media may be overemphasizing globalization?
Discuss why you agree or do not agree with the last statement.
The statement "this percentage has not changed much over the last three decades for both of these countries" does not necessarily imply that corporations and the media are overemphasizing globalization.
This is because the percentage of imports and exports in a country's GDP is influenced by several factors other than globalization, including domestic production levels, economic policies, and technological advancements.
In addition, although the percentage of imports and exports has not changed significantly in the US and Japan, the value of global trade has increased over the years.
This suggests that globalization is indeed occurring and cannot be dismissed as overemphasized by corporations and the media.
However, it is worth noting that the degree of globalization varies by industry and country.
Some industries and countries may be more integrated into the global economy than others, and thus their level of globalization may be overemphasized in the media and by corporations.
It is important to recognize that globalization is a complex and multifaceted phenomenon that cannot be reduced to a single percentage.
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Consider an annuity with 20 payments. The first payment is $1000
and each subsequent payment is 3% less than the
previous payment. At an annual effective interest rate of 10%, find
the accumulated val
The accumulated value of the annuity can be calculated by summing up the present values of each individual payment. The first payment is $1000, and each subsequent payment is 3% less than the previous payment. The annuity has 20 payments, and the annual effective interest rate is 10%.
To find the accumulated value, we can use the formula for the present value of an annuity:
PV = Payment × ((1 - (1 + r)^(-n)) / r),
where PV is the present value, Payment is the payment amount, r is the interest rate, and n is the number of payments.
In this case, the payment amount is $1000, the interest rate is 10% (0.1), and there are 20 payments.
Using the formula, we can calculate the present value of each payment and sum them up to find the accumulated value of the annuity.
Unfortunately, without the specific details of each individual payment amount, it is not possible to provide the exact calculation or the accumulated value of the annuity.
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points on the production possibilities frontier are a. efficient. b. inefficient. c. unattainable. d. normative. e. none of the above.
Points on the production possibilities frontier are efficient. Option a is correct.
What is the Production Possibilities Curve?Known by the acronym CPP, this is a model capable of helping a company to identify the opportunity costs of producing two goods, being an advantageous method for analyzing production costs and shortages.
Therefore, when the points are on the production possibilities frontier, they are considered efficient, if they were beyond the frontier, they would be considered unattainable.
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Why isn’t the whole population surveyed in order to calculate the unemployment rate ?
It is not feasible or practical to survey the entire population to calculate the unemployment rate. Conducting a survey requires time, resources, and money, and it would be difficult to reach every person in the population.
What is unemployment rate?The unemployment rate is a measure of the percentage of the labor force that is currently without work but seeking employment. It is typically calculated by dividing the number of unemployed individuals by the total number of individuals in the labor force. It is often used as an indicator of the health of an economy and is monitored closely by policymakers, analysts, and businesses.
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dividend discount model. respond briefly to the following statement: "you say stock price equals the present value of future dividends?
The statement, "you say stock price equals the present value of future dividends?" is related to the Dividend Discount Model.
The Dividend Discount Model (DDM) is a financial method that calculates the intrinsic value of a company's stock by calculating the net present value of expected future dividends. The formula for calculating the intrinsic value of a stock is:
P = D / (r - g),
where P is the stock's intrinsic value,
D is the expected dividend payment,
r is the required rate of return, and
g is the dividend growth rate.
By discounting future dividends, we can assess the worth of the firm's stock.In conclusion, the statement is true since the Dividend Discount Model (DDM) estimates the worth of a stock by equating it to the present value of future dividends.
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Ricardo uses a stenotype machine for most of his typing. what is most likely his job?
A court reporter uses a stenograph machine, often known as a steno machine, to record a proceeding verbatim in writing. While court reporters may use recorded or live proceedings, accuracy and quickness are always crucial.so, Ricardo might be a court reporter.
A unique chorded keyboard or typewriter used by stenographers for shorthand is known as a steno machine, stenotype machine, shorthand machine, stenograph, or steno writer. A trained court reporter or closed captioner must write at speeds of about 225 words per minute (wpm) in the areas of literary, jury charge, and testimony, respectively, to pass the United States Registered Professional Reporter test. The word speed of certain stenographers can reach 300. The official record for American English is listed at 375 wpm on the website of the California(stenography) OfficialCourt Reporters Association. Demonstration Grandjean, Marc (1928)Compared to a standard alphanumeric keyboard, the stenotype keyboard has much fewer keys.
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Eli is buying a townhouse that costs $276,650. He has $28,000 in savings and earns $4,475 a month. Eli would like to spend no more than 30% of his income on his mortgage payment. Which loan option would you recommend to Eli? a. 30 year FHA, 3. 5% down at a fixed rate of 6. 5% b. 30 year fixed, 5% down at a fixed rate of 6. 25% c. 30 year fixed, 6. 5% down at a fixed rate of 5. 75% d. 30 year fixed, 10% down at a fixed rate of 5%.
The loan option which I would recommend to Eli is which there are 30 years fixed, 10% down at a fixed rate of 5%.
What is the interest rate?The quotient of a loan, that is charged as interest to the receiver, is typically expressed as an annual percentage of the loan outstanding.
Given data are:
Cost of buying a townhouse = $276,650
Savings = $28,000
Earns per month = $4,475
computation:When we take 10% down, fix rate than a cover for the down payment is:
cover for the down payment :
\(\text{Cover for the down payment}=\text{10\%}\times\text{Cost of House}\\\\\text{Cover for the down payment}=\dfrac{10}{100} \times\$276,650\\\\\text{Cover for the down payment}=\$27,665.\)
And, here monthly income is $4,475
So, the mortgage will be :
\(\text{Mortgage}=30\%\times\$4,475\\\\\text{Mortgage}= \$1,342.50.\)
So, by the balance of the mortgage is:
\(\$276,650 - \$27,665= \$248,985.\)
Hence, the total monthly repayment is:
Total monthly repayment:
\(\$248,985\times\dfrac{0.05}{12}+\dfrac{348985}{30\times12}\\\\=\$1729.08.\)
Therefore, option D is correct.
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What personnel records would you suggest for a small retailer with three employees?
Explanation:
For a small retailer with three employees, the ideal would be to keep personnel records well organized, because regardless of the size of the company, the records function as a perspective of the human resources department and a protection for the company, therefore it is essential that the company have registration forms, selection data, evaluation reports, disciplinary forms, job description, social security number, etc.
Logo and website design are
examples of start-up costs.
True: Logo and website design are examples of start-up costs. Operating costs include payroll. Building improvements should be calculated into start-up costs.
One of the core conceptual models we have considered this semester is Butler’s Destination Lifecycle. With reference to a tourism destination of your choice describe two reasons why it is sometimes difficult to determine a critical carrying capacity threshold.
However, the concept of carrying capacity is not always well defined or well understood. Some researchers define carrying capacity as the number of tourists that a destination can accommodate without causing environmental degradation,
One of the core conceptual models that are considered in tourism is Butler’s Destination Lifecycle. In relation to a tourism destination of your choice, there are two reasons why it is sometimes difficult to determine a critical carrying capacity threshold. These reasons are conceptual.The first reason is that carrying capacity is a conceptual term that is often difficult to determine. The carrying capacity of a destination depends on a range of factors such as the characteristics of the destination, the type of tourists that visit, and the tourist’s behavior. It is often difficult to determine the carrying capacity of a destination because of the complexity of these factors. The carrying capacity of a destination is not fixed; it can change over time due to changes in the destination’s environment.The second reason why it is sometimes difficult to determine a critical carrying capacity threshold is that carrying capacity is sometimes difficult to describe.
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A Web site's Terms of Use grants the Web site the right to do what?
0
use your personal information in its advertisements
O sell its users' personal information to third parties for them to market to specific customers
O use its users' posts and photographs to gather information about its consumers
o both the first and third answers
it might be d because b isnt correct and the A and c are correct so im thinking therfor the answer is d
Answer:
both the first and third answers
Explanation:
I tried answering "use its users' posts and photographs to gather information about its consumers" and it was wrong, and then I retook the quiz and answered "sell its users' personal information to third parties for them to market to specific customers" and it was wrong. I know they can sell your information to make targeted ads, so it must be the answer that says "both the first and third answers".
LETS DEBATE AB ABORTION.
Answer:
i dont like the idea of them but if you must get one to survive then do it
Explanation:
What are the effects of a war fought on home soil on long-run aggregate supply?
A. Increase in aggregate supply
B. Decrease in aggregate supply
C. No effect on aggregate supply
D. Uncertain effect on aggregate supply
The effects of a war fought on home soil on long-run aggregate supply would be: B. Decrease in aggregate supply.
A war fought on home soil can have significant negative effects on the economy, infrastructure, and production capacity of a country. The destruction caused by war can lead to damage or disruption of key industries, transportation systems, and resources necessary for production. This can result in a decrease in the overall productive capacity of the economy, leading to a decline in long-run aggregate supply.
Additionally, war often diverts resources away from productive activities towards military and defense-related expenditures. This allocation of resources away from productive sectors of the economy can further limit the long-run aggregate supply.
It's important to note that the specific effects of a war on long-run aggregate supply can depend on factors such as the scale and duration of the conflict, the level of destruction, the resilience of the economy, and post-war reconstruction efforts. Therefore, while a decrease in aggregate supply is a common outcome, the exact impact can vary and could potentially be influenced by other factors.
Therefore, the correct answer is B
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Uppose the market demand function (expressed in dollars) for a normal product is
P = 80 – q, and the marginal cost (in dollars) of producing it is MC = 1q, where P is the
price of the product and q is the quantity demanded and/or supplied. A. B. C. D. 3. 4. 5. Suppose you were asked to comment on a proposed policy to control oil spills. Since the
average cost of an oil spill has been computed as $X, the proposed policy would require
any firm responsible for a spill immediately to pay the government $X. Is this likely to
result in the efficient amount of precaution against oil spills? Why or why not?
"In environmental liability cases, courts have some discretion regarding the magnitude
of compensation polluters should be forced to pay for the environmental incidents they
cause. In general, however, the larger the required payments the better. " Discuss. Label each of the following propositions as descriptive or normative and defend your
choice:
a. B. C. D. E. 6. How much would be supplied by a competitive market?
Compute the consumer surplus and producer surplus. Show that their sum is
maximized. Compute the consumer surplus and the producer surplus assuming this same product
was supplied by a monopoly. (Hint: The marginal revenue curve has twice the slope
of the demand curve. )
Show that, when this market is controlled by a monopoly, producer surplus is larger,
consumer surplus is smaller, and the sum of the two surpluses is smaller than when
the market is controlled by competitive industry
The consumer surplus is 800 and the producer surplus is 1560. The monopoly results in a larger producer surplus and a smaller consumer surplus is 2360, leading to a smaller total surplus compared to a competitive industry.
In a monopoly, the price is determined by equating marginal revenue (MR) with marginal cost (MC). Since the marginal revenue is twice the slope of the demand curve,
MR = 80 - 2q.
Setting MR = MC = q gives the monopolist's output as q = 40.
Substituting this output into the demand function, we get the monopoly price as
P = 80 - 40 = 40.
Consumer surplus is the area between the demand curve and the price line up to the quantity demanded, which is
(1/2) x (80 - 40) x 40 = 800.
Producer surplus is the difference between the price and the marginal cost times the quantity supplied, which is
(40 - 1) x 40 = 1560.
Under perfect competition, the price is determined by the intersection of demand and supply, which gives a price of P = MC = 1q.
The competitive output is q = 40, the same as the monopolist's output. Consumer surplus is the same as before, but producer surplus is
(40 - 1) x 40 = 1560,
which is the same as the monopolist's producer surplus. The total surplus is the sum of consumer and producer surplus, which is
(1/2) x (80 - 1) x 40 = 1560 + 800 = 2360,
which is greater than the total surplus under monopoly. Therefore, the monopolist's control over the market leads to a reduction in consumer surplus and total surplus, while increasing producer surplus.
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--The given question is incomplete, the complete question is given
" Suppose the market demand function (expressed in dollars) for a normal product is P=80-q, and the marginal cost (in dollars) of producing it is MC=1q, where P is the price of the product and q is the quantity demanded and/or supplied.
(a) Compute the consumer surplus and the producer surplus assuming this same product was supplied by a monopoly. (Hint: The marginal revenue curve has twice the slope of the demand curve)
(b) Show that when this market is controlled by a monopoly, producer surplus is larger, consumer surplus is smaller, and the sum of the two surpluses is smaller than when the market is controlled by competitive industry."--
Design hele O to what you want to Share A A A AED - Prod Ar BLU ABC ABCD AaBbc Bcc AaB Paste Op Sect Day FINC 3733 Spring 2022 Ch 5 Excel Assignment You plan to buy a new car. The car loan will be so 000. The loan is for 5 years and Interest rate is 3.6% per year. Use Excel to set up a 5-year amortization schedule table and answer the following questions 1. How much is the monthly payment? 2 How much is the remaining balance after 3 years (36 months)? 2. How much total interests would you have paid in the 1st year (trom month 1 to month 12) Label and highlight your answers for above 3 questions. Your results should reflect the formula sed. A grade of zero will be assigned for results with copied or "typed numbers. Excel features covered in this assignment Creating worksheets Ener
To calculate the monthly payment, remaining balance, and total interest paid for a car loan using Excel, you can use the following formulas:
1. Monthly payment: =PMT(rate, nper, pv)
- rate: the interest rate per period (in this case, 3.6% per year / 12 months = 0.003)
- nper: the number of periods (in this case, 5 years * 12 months = 60)
- pv: the present value (in this case, $50,000)
2. Remaining balance: =FV(rate, nper, pmt, pv)
- rate: the interest rate per period (in this case, 0.003)
- nper: the number of periods that have passed (in this case, 3 years * 12 months = 36)
- pmt: the monthly payment (calculated in step 1)
- pv: the present value (in this case, $50,000)
3. Total interest paid: =CUMIPMT(rate, nper, pv, start_period, end_period, type)
- rate: the interest rate per period (in this case, 0.003)
- nper: the number of periods (in this case, 60)
- pv: the present value (in this case, $50,000)
- start_period: the first period for which you want to calculate the interest (in this case, 1)
- end_period: the last period for which you want to calculate the interest (in this case, 12)
- type: indicates when payments are due (in this case, 0 for end of period)
Using these formulas, you can set up a 5-year amortization schedule table in Excel and answer the questions. Remember to label and highlight your answers, and make sure your results reflect the formulas used.
To know more about Excel monthly payment, refer here:
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#SPJ11
Which should you finance first?
O your needs
O your wants
O your savings
O your investments
in my opinion, the last option. i would spell it out but it won’t let me lolz