Exercise 1 (30 points) Consider the Solow growth model andsuppose that the production function is given by Y = K0.2N0.8 whereK stands for aggregate capital and N stands for labor. Moreover thepopulation growth rate is equal to 2%, depreciation rate is 5% and marginal propensity to save is assumed to be equal to 21%.
a) What is the growth rate of K at the steady state?
What is the growth rate of k at the steady state?
b) calculate k ∗ , y ∗ and c ∗ for s = 0.25, s = 0.45, s = 0.65 and s = 0.85. Create a table summarizing your results.
Can you say anything about the golden rule consumption?
Answers
a) In the Solow growth model, the steady state occurs when the capital stock per worker (k) and output per worker (y) are constant over time.
At the steady state, the investment rate (s) equals the depreciation rate (δ) and the population growth rate (n), so the growth rate of capital per worker is zero. Thus, we can solve for the steady state capital stock per worker (k*) as follows:
\(sf(k*)^(0.2)\) = (n + δ)k*
\(0.21k*^(0.2)\)= 0.07k*
k* =\((0.07/0.21)^(5)\)= 1.228
The steady state output per worker (y*) can be found by substituting k* into the production function:
y* = \(k*^(0.2)(1)^(0.8) =\)\(1.228^(0.2)\)= 1.074
b) To calculate k*, y*, and c* for different values of s, we can use the following equations:
k* =\((s/(n + δ))^(1/1-α)\)
y* =\(k*^α(1)^(1-α)\)
c* = (1-s)y*
Using the given parameters and different values of s, we get:
s k* y* c*
0.25 1.644 1.189 0.892
0.45 2.127 1.404 0.703
0.65 2.473 1.603 0.561
0.85 2.781 1.790 0.419
c) The golden rule consumption is the level of consumption per worker that maximizes the steady state level of consumption. It can be found by setting the marginal product of capital equal to the depreciation rate and solving for the capital stock per worker that maximizes consumption per worker. In this case, since the production function exhibits decreasing returns to capital, the golden rule occurs where the investment rate (s) equals the rate of depreciation (δ). Thus, we can conclude that the golden rule level of consumption per worker is equal to (1-s*)y*, where s* = δ = 0.05 is the steady state investment rate.
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Related Questions
because life insurance companies carry a large amount of ____ securities, the market value of their asset portfolio can be ____ to interest rate fluctuations.
Answers
Because life insurance companies carry a large amount of fixed-income securities, the market value of their asset portfolio can be sensitive to interest rate fluctuations.
Fixed-income securities, such as bonds, have a fixed interest rate, and their market value is inversely related to changes in interest rates. When interest rates rise, the market value of existing fixed-income securities decreases, which can have an impact on the value of a life insurance company's asset portfolio. Since life insurance companies typically hold a significant portion of their investments in fixed-income securities to support policyholder liabilities, they are exposed to interest rate risk. Fluctuations in interest rates can affect the valuation of their asset portfolio and potentially impact their financial stability and profitability.
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Estimate the value of a loyal customer of a loyal Volvo automobile owner. Assume the contribution margin is 0.28, the purchase price is $68.000, the repurchase frequencr is every five years, and the customer defection rate is 30 percent. Do nct round intermediate calcudations. Found your answer to the nearest doliar.
Answers
The value of a loyal customer of a loyal Volvo automobile owner is $13,909.
Calculating the value of a loyal customer is the loyalty shown by regular customers toward a company.
VLC = P * RF * CM * BLC
Where:-
P is revenue per unit, RF is repurchase frequency, CM is contribution margin, BLC is buyer's life cycle
BLC = 1 / defection rate
Given
P = $68,000
RF = 1 / 6
CM = 0.27
BLC = 1 / 0.22
VLC = $68,000 * (1 / 6) * 0.27 * (1 / 0.22) = $18,360 / 1.32 = $13,909
The value of a loyal customer of a loyal Volvo automobile owner is $13,909.
The sum an investor pays for an investment is referred to as the purchase price, and that amount becomes the investor's cost basis for determining gain or loss when the investment is sold. Any commission or sales fees paid for the investment are included in the purchase price, and the weighted average cost is applied when buying the same asset more than once.
Investors compute realized gains or losses for tax purposes using the purchase price of an investment, and they record that activity on Schedule D of the IRS form 1040. If they sell all or a portion of their investment holdings, an investor must declare a realized gain. The investor has an unrealized gain or loss that is not recognized for tax reasons if they do not sell any securities.
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You are managing a project to build an urgent care clinic. Your company is expanding and has constructed 25 clinics so far. Which estimating technique makes the most sense to use in this situation?
Answers
Answer:
Delphi technique
Explanation:
The Delphi model is a technique of group communication in which a panel of experts reach consensus on a set of questions and discussions. This is used to predict or to forecast. First, choose an effective facilitator and experts with relevant expertise, and ensure that the issue is well established after that they reach with a decision
Therefore in the given case, the delphi technique is used
Who do you contact if youve already accepted more loan money than you need?.
Answers
Answer:
You should contact the lender so you can return the leftover loan, reducing the amount that you owe.
If we have already accepted more loan money than what we need in that situation we can do two things:
We can contact to our lender and can explain that we have taken more loan as we required so you can take the amount and can decrease our emi and rate of interest. Secondly, we can lend that more loan amount money to different person on more rate of interest and we can earn some profit in between.What is rate of interest?
The amount of money or the percentage according to which the lender charge the money from the borrower is called rate of interest.
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Suppose a certain home improvement outlet knows that the monthly demand for framing studs is 2,700 when the price is $4.19 each but that the demand is 3,500 when the price is $3.95 each. Assuming that the demand function is linear, write its equation. Use p for price (in dollars) and q for quantity
Answers
This is the equation for the linear demand function of framing studs.
To write the demand function equation, we can use the point-slope form of a linear equation, which is:
(q - q₁) = m(p - p₁)
Where:
q = Quantity demanded
p = Price
(q₁, p₁) = Given point on the demand curve
Given that the demand for framing studs is 2,700 when the price is $4.19 each (q₁ = 2700, p₁ = 4.19) and the demand is 3,500 when the price is $3.95 each (q₂ = 3500, p₂ = 3.95), we can substitute these values into the equation:
(q - 2700) = m(p - 4.19)
Now we can calculate the slope (m) using the two points:
m = (q₂ - q₁) / (p₂ - p₁)
= (3500 - 2700) / (3.95 - 4.19)
= 800 / (-0.24)
= -3333.33 (approximately)
Substituting the slope and one of the points back into the equation, we have:
(q - 2700) = -3333.33(p - 4.19)
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What is the MAIN reason why some stores want to close on Thanksgiving?
Workers want to be paid too much for holiday hours.
BRAINLIEST AND 50 POINTS FOR FREE IF YOU ANSWER THIS QUESTION
Retailers want to respect the holiday and allow families to spend time with one another.
The cost to be open on the holiday is higher than the profits stores make.
It is too difficult to compete with major retailers like Target and Best Buy.
Answers
\(\mathrm {Hey, there!}\)
Your answer is:
It is too difficult to compete with major retailers like Target and Best Buy.
When a lot of people buy things from a store, there is a lot of turbulence in many stores, espeically in big retailers. The answer will be It is too difficult to compete with major retailers like Target and Best Buy.
Best of Luck!
Answer:
they close stores either because the manager cant go because they wont to be with there families or because no one goes to work that day on purpose
Question 1 of 10
Why can consumers have influence over politicians?
O A. Government agencies are required to address consumer
complaints.
B. Consumers are able to boycott politicians' re-election campaigns.
C. Corporations use profits from consumers to lobby the
government.
D. Politicians rely on the votes of consumers to keep them in office.
SUBMIT
Answers
Answer:
it's most likely B or D. but you need to double check
Answer:
D. Politicians rely on the votes of consumers to keep them in office.
Explanation: i took the test.
At the beginning of the year, mitchum enterprises allows for estimated uncollectible accounts of $15,000. by the end of the year, actual bad debts total $17,000. Record the write-off to uncollectible accounts.
Answers
Record the write-off to uncollectible account as Allowance for uncollectible accounts 17,000Accounts receivable 17,000. Following the write-off, the balance of Allowance for Uncollectible Accounts is $2,000
At the beginning of the year, Mitchum enterprises allows for estimated uncollectible accounts of $15,000. By the end of the year, actual bad debts total $17,000.
The journal entry for Mitchum Enterprises
Allowance for uncollectible accounts 17,000
Accounts receivable 17,000
The balance of Allowance for Uncollectible Accounts would be
= Beginning balance of estimated uncollectible accounts - written off balance
= $15,000 - $17,000
= $2,000 debit
So, the balance of Allowance for Uncollectible Accounts is $2,000 debit
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The complete question is:
At the beginning of the year, Mitchum Enterprises allows for estimated uncollectible accounts of $15,000. By the end of the year, actual bad debts total $17,000. Record the writeoff to uncollectible accounts. Following the write-off, what is the balance of Allowance for Uncollectible Accounts?
the marginal revenue a seller receives can be expressed as mr= δδ× .
Answers
True. The marginal revenue a seller receives can be expressed as mr= δδ× .
Marginal revenue (MR) is the additional revenue a seller earns from selling one more unit of a good or service. It can be expressed as the derivative of the total revenue function with respect to the quantity sold, MR = δTR/δQ. In other words, it is the change in total revenue divided by the change in quantity sold. This means that MR can be calculated as the slope of the total revenue curve at a specific quantity sold. In a perfectly competitive market, the marginal revenue is equal to the market price of the good or service.
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1. As a manger, in accordance with the HR process, how would you work in tandem with HR to ensure that you retain quality employees, thus adding to the overall satisfaction of employee, and keeping turn over low?
Answers
Answer:
The first crucial guideline and ICT information that the management should be conscious of in order to be able to handle the many responsibilities all at once and achieve relevant achievement for the corporation's administration is to organize appropriately.
The second crucial talent that a manager must possess in order to effectively manage a firm is the ability to organise. This refers to the manager's capacity to delegate necessary duties, obligations, and responsibility to the subordinates.
Related to Checkpoint 9.2) (Yield to maturity) Abner Corporation's bonds mature in 21 years and pay 7 percent interest annually. If you purchase the bonds for $900, what is your yield to maturity? Your yield to maturity on the Abner bonds is%. (Round to two decimal places.) (
Answers
The yield to maturity on the Abner bonds is 0.78%.
The yield to maturity (YTM) is the amount an investor will receive in total return, taking into account interest, compound interest, and the bond's par value, or face value. The bond yield is the interest rate that an investor receives in exchange for purchasing a bond. The formula to calculate the yield to maturity is; Yield to maturity = [(Face value of the bond)/(Present value of the bond)](1/n) - 1 Where n = Number of years to maturity. For the given question, the bonds of the Abner Corporation mature in 21 years and pay 7% interest annually.
The bonds are bought for $900, therefore the face value of the bond can be calculated by; the Face value of the bond = Bond purchased price / Number of bonds. Face value of the bond = $900 / 1 = $900. Using the formula of YTM; Yield to maturity = [(Face value of the bond)/(Present value of the bond)] (1/n) - 1. Yield to maturity = [($900)/($900)](1/21) - 1 Yield to maturity = 0.007759 = 0.78%. Therefore, the yield to maturity on the Abner bonds is 0.78%.
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wich situation would cause the price of a product to fall the most
Answers
What are some positive and negative Impacts of globalization
Answers
Answer:
Globalization goal is 100% percent control of the people
Explanation:
Evidence of this is Charles Swab saying you will own nothing and be happy
Negative impacts are:
Outsourcing services, decrease in wages, workers' rights and interdependent economy.
Make a poster that could be used to educate people about why the
government needs to charge taxes. The poster should encourage private
individuals to pay their taxes by educating them about what the government
uses the taxes for.
Answers
Taxes are used by the government for carrying out various welfare schemes including employment programmes
What are the taxes collected by the government?It includes collections from income tax, corporation tax, customs, wealth tax, tax on land revenue, etc. Direct tax is the tax that is paid directly to the government by the person or company on whom it is levied. Income tax, wealth tax, corporation tax, and property tax are some examples of direct tax.The Central Government of India imposes taxes such as customs duty, central excise duty, income tax, and service tax. The state governments impose income tax on agricultural income, state excise duty, professional tax, land revenue and stamp dutyThe three main sources of federal tax revenue are individual income taxes, payroll taxes, and corporate income taxes. Other sources of tax revenue include excise taxes, the estate tax, and other taxes and feesTo learn more about taxes collected by the government refers to:
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Pays for everything from Social Security and Medicare to military equipment, highway maintenance, education, and more
Why does the government need to force individuals to pay taxes?We pay taxes to ensure that our federal, state, and local governments can function efficiently and deliver essential services. Each government has its own emphasis, with the federal government in charge of big-picture expenditures on items like military and Social Security. Spending by the federal government covers everything from Social Security and Medicare to military equipment, transportation repair, education, and more. The federal government spent the most on Social Security in 2022.
Taxation generates cash for federal, state, and municipal governments to support vital services like as defense, highways, police, and a judicial system, which benefit all residents who would be unable to provide such services successfully for themselves.
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How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Sophia and Victoria spend their day at a daycare center while their mother goes to workPicking up her children after 6:30 results in a late fee of $5 per child for every 10 minutes the mother late Due to traffic the mother expects to be 20 minutes late. How much would she be willing to pay for a toll road that would get her to the daycare center on time? A) Any price less than $10.
B) Any price less than 20
C) She would not be to pay out of pocket to avoid traffic.
D) Any price less than 5$
Answers
Considering the situation described above, Sophia and Victoria's Mother would be willing to pay anything below $20.
There is a late fee of $5 per child for every 10 minutes the mother is late.
Also, given that the estimated time to be late is 20 minutes, that is $5 × 2 per child => $10.
And since there are two children involved (Sophia and Victoria), should the mother be late for 20 minutes, she would pay $10 × 2 (Child) => $20.
Hence, the mother would be willing to pay a toll road of anything less than $20 to get her to the daycare center on time. Otherwise, if the toll is more than $20, and she spent 20 minutes late, that's not economically wise.
Therefore, in this case, it is concluded that the correct answer is option B. "Any price less than $20."
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Assume that the interest rate on borrowings in Japan is 3 percent while the interest rate on bank deposits in a U.S. bank is 5 percent. Laura, an active currency trader, borrows in Japanese yen, converts the money into U.S. dollars and deposits it in a U.S. bank. Laura is engaging in
Answers
Answer:
"Carry Trade", is the right answer.
Explanation:
Laura is engaged in "Carry Trade" because the carry trade refers to the process to borrow from the country where the interest rate is lower and deposit the borrowed money in other countries in which the person earns more interest. Therefore, the process for borrowings and deposits from low and high-interest rates respectively is called the carry trade.
t the end of the night, a pizza place had 9 1/2 pizzas left over. the 2 employees each took home the same amount of leftover pizza. how much pizza did each employee take home?
Answers
Each worker gets 1/4 x 6 = 1/24.
For 100 people, how many pizzas do I need?
38 pies Determine How Much Pizza You'll Need Thus, you would order 38 pies for 100 attendees (100 x 3/8 = 37.5).To ensure accuracy, round up any decimal numbers you arrive at.This calculation is based on the assumption that the typical pizza consumes three slices and is cut into eight slices.
How many orders are placed each day for pizza?
Pizza is very popular.In their lifetime, the average adult in the United States will consume nearly 6,000 pizza slices.Even more mind-boggling is the fact that the United States consumes 3 billion pizzas annually, or more than 8 million pizzas ordered each day.
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business
economics
economics questions and answers
a copy company wants to expand production. it currently has 20 workers who share eight copiers. two months ago, the firm added two copiers, and output increased by 40,000 pages per day. one month ago, the firm added five workers, and productivity also increased by 25,000 pages per day. a copier costs about three times as much as a worker. assume these
Question: A Copy Company Wants To Expand Production. It Currently Has 20 Workers Who Share Eight Copiers. Two Months Ago, The Firm Added Two Copiers, And Output Increased By 40,000 Pages Per Day. One Month Ago, The Firm Added Five Workers, And Productivity Also Increased By 25,000 Pages Per Day. A Copier Costs About Three Times As Much As A Worker. Assume These
Hire another worker or purchase a new printer?
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A copy company wants to expand production. It currently has 20 workers who share eight copiers. Two months ago, the firm added two copiers, and output increased by 40,000 pages per day. One month ago, the firm added five workers, and productivity also increased by 25,000 pages per day. A copier costs about three times as much as a worker. Assume these increases in productivity per worker and productivity per copier are good proxies for future increases in productivity when hiring additional workers or purchasing additional copiers. Based on this information, the copy company should hire another worker in order to expand output.
Answers
Based on the information provided, the copy company should hire another worker to expand output.
This conclusion is based on the fact that adding two copiers increased output by 40,000 pages per day, while adding five workers increased productivity by 25,000 pages per day.
Since the cost of a copier is about three times the cost of a worker, it would be more cost-effective to hire another worker rather than purchasing a new copier. By doing so, the company can further increase its output and productivity.
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HURRY IM TIMED. A BLANK
is capable of producing outcomes that surpass the scope and efficiency of many individual efforts
team
computer
temporary worker
none of the above
Answers
TEAM
Answer:
team
Explanation:
got it right on my quiz
Thinking and note-taking Discuss the effects of advertising on your day-to-day life with a partner.
Organize your ideas in the diagram. Use your notes from your brainstorming on topic vocabulary
about advertising in activities 1 and 2.
Opinions
Reasons
Education
Facts / Examples
Answers
The discussion of the effects of advertising on your day-to-day life with a partner is done below:
Opinions: Advertisers try to make people seem miserable if they do not make use of their product.
Reasons: This is seen in the types of ads that are used as bandwagon fallacy is one of the most popular which tells you that since a large number of people are using the product, why should you be left out?
Education: There are different ways of disseminating these adverts and they can be done through TV, billboards, social media, etc
Facts / Examples: A company selling toothpaste can make an advert with the caption, "If 20 million people trust our product, you should too" and then someone with pure white teeth flashes a smile.
What is Advertising?This refers to the creation of awareness for a particular product so that people would come and purchase the product.
Hence, we can see that the discussion of the effects of advertising on your day-to-day life with a partner is done above.
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Which of the following are characteristics of a premium bond?
I. coupon rate < yield-to-maturity
II. coupon rate > yield-to-maturity
III. coupon rate < current yield
IV. coupon rate > current yield
a) I only
b) I and III only
c) I and IV only
d) II and III only
e) II and IV only
Answers
The following are the characteristics of a premium bond are coupon rate > yield-to-maturity and coupon rate > current yield.
The option (E) is correct.
II. coupon rate > yield-to-maturity: A superior security has a coupon rate that is higher than its respect development. This implies that the security is estimated at a higher cost than expected over its presumptive worth, bringing about a lower successful yield for financial backers.
IV. coupon rate > current yield: The ongoing yield of a security is determined by separating the yearly premium installment (coupon) from the ongoing business sector cost of the security. On account of exceptional security, the market cost is higher than the presumptive worth, which prompts a lower current yield contrasted with the coupon rate.
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1. after watching the big short, do you have a clearer understanding of the wall street collapse of 2008? does the movie do a good job, or a poor one, of explaining the arcane financial devices and the ins and outs of the bond markets? did you find it interesting? or were you bored to tears?
Answers
Yes the movie big short gave a good explanation of the financial instruments that led to the wall street collapse in the year 2008.
How the movie relates to the happenings that led to the collapse of the wall street.The writer of this movie helped to tell the story of what happened in the year 2008. He focused on the people that were behind the crash.
He used good celebrities to keep the attention of the viewer on the happenings and helped to show in good perspective all that happened.
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Which is an advantage of leasing? A. A large down payment is usually not required B. Monthly payments exclude sales tax C. A lease can be cancelled by the lessee at any time D. Few additional fees or charges apply
Answers
A.) , "A large down payment is usually not required," accurately represents one of the advantages of leasing.
Leasing offers several advantages, and one of them is that a large down payment is typically not required. Unlike purchasing, where a significant upfront payment is often necessary, leasing allows individuals or businesses to acquire the use of an asset without making a substantial initial investment. Instead, lease agreements typically involve regular monthly payments over a specified period.
By eliminating the need for a large down payment, leasing provides greater flexibility and accessibility to individuals or businesses that may have limited funds available for upfront expenses. This can be particularly beneficial for those who prefer to conserve their cash flow or allocate their resources to other areas of their operations or investments.
It is worth noting that leasing arrangements may vary, and some leases may require a down payment or an upfront deposit, depending on the specific terms and conditions of the lease agreement. However, compared to purchasing an asset outright, leasing generally offers more flexibility and a reduced financial burden in terms of initial costs.
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What is the difference between a total and a subtotal?
Answers
Explanation:
SUB-TOTAL:
The total for a part of a list of numbers being summed.
TOTAL:
An amount obtained by addition of smaller amounts.
Answer:
subtotal is all the different parts being added together from different list.
total is the all items being added together plus tax.
Explanation:
QUESTION 9/10
The opportunity cost of earning an advanced college degree is that
A. You will earn more income during your career.
C. There may be a low supply of jobs in your professional field.
6. Some fields require a professional degree before you can
begin working
D. You will earn less money during the years that you are in
college.
Answers
Answer:
The opportunity cost of earning an advanced college degree is that You will earn more income during your career and some fields require a professional degree before you can begin working.
Explanation:
Opportunity costs represent the potential benefits that an individual, investor, or business misses out on when choosing one alternative over another. Opportunity cost is the forgone benefit that would have been derived from an option not chosen.
In this case, it would be the benefit of earning an advanced college degree. It is something that may not be achievable yet aspirational to many, due to financial costs, personal situations, accessibility, etc., The cost of forgoing this opportunity would be either the ability to earn more income during your career or not having the opportunity to work in a desired field or advance significantly in a field due to lack of education.
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- Define span on control and explain what this looks like in your organisation. - Explain 2 advantages and 2 disadvantages of this span of control when meeting the aims of your organisation. (be very specific on this as this will help gain a distinction.)
Answers
The span of control refers to the number of employees reporting directly to a supervisor. The advantages are improved communication, increased efficiency, enhanced motivation, and increased accountability. The disadvantages are reduced creativity, reduced resources, limited growth potential, and increased stress.
Span of control is a term used in management which describes the number of employees or subordinates that can be managed by a supervisor or manager. In other words, it's the maximum number of employees a single manager or supervisor can efficiently and effectively manage.
It is usually classified as narrow or wide. A narrow span of control refers to a small number of employees working under the direct supervision of a manager. A wide span of control refers to a large number of employees working under the direct supervision of a manager.
In my organisation, the span of control is typically 6-7 people per manager. Each manager is responsible for their team and ensuring that the team meets its goals and objectives.
Span of control offers several advantages and disadvantages in meeting organizational aims and objectives.
Advantages of Span of Control in Meeting the Aims of the Organisation1. Improved communication: Span of control allows for direct communication between managers and their employees, which can improve the overall communication of the organisation.
2. Increased efficiency: Having a small number of employees under each manager allows for more efficient decision-making and problem-solving.
3. Enhanced motivation: A manager that has a smaller team to manage can focus more on the individual needs of their employees, which can improve employee motivation and engagement.
4. Increased accountability: A small span of control allows managers to better monitor and assess the performance of their team, which can help increase accountability and reduce errors.
1. Reduced creativity: With a smaller span of control, the manager may be less open to suggestions and new ideas from their employees, which can reduce creativity and innovation.
2. Reduced resources: Having a small number of employees under a single manager can reduce the resources available to the team, which can make it difficult to reach organisational goals.
3. Limited growth potential: With a smaller span of control, there may be limited opportunities for growth and development, which can limit the team’s potential for success.
4. Increased stress: A manager with a smaller team can often feel more pressure to ensure that the team meets its objectives, which can lead to increased stress levels.
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How does a common-market agreement benefit citizens of a member country?
Answers
Rae Company purchased a new vehicle by paying $10,100 cash on the purchase date and agreeing to pay $3,100 every three months during the next five years. The first payment is due three months after the purchase date. Rae's incremental borrowing rate is 8%. The vehicle reported on the balance sheet as of the purchase date is closest to: a) 62,000 b) 72,100 c) 60,789 d) 50,689
Answers
The vehicle reported on the balance sheet as of the purchase date is closest to 60789. The correct option is c) 60789.
To determine the vehicle's value reported on the balance sheet as of the purchase date, we need to calculate the present value of the cash payment and the present value of the series of future payments.
1. The cash payment of $10,100 is already at present value.
2. To calculate the present value of the future payments, we'll use the present value of an ordinary annuity formula:
\(PV = PMT * [(1 - (1 + r)^{-n}) / r]\)
Where:
PV = Present Value
PMT = Periodic Payment ($3,100)
r = Periodic Interest Rate (8% annual rate / 4 quarters = 0.08 / 4 = 0.02)
n = Number of Payments (5 years * 4 quarters = 20 payments)
\(PV = 3,100 * [(1 - (1 + 0.02)^{-20}) / 0.02]\)
PV ≈ 50,689
Now, add the cash payment and the present value of future payments to get the vehicle's value on the balance sheet as of the purchase date:
Vehicle Value = Cash Payment + Present Value of Future Payments
Vehicle Value = 10,100 + 50,689
Vehicle Value ≈ 60,789
Therefore, the correct answer is c) 60,789.
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Please read the following case study carefully and answer the questions that follow.
When Stephanie Mayer first started working as an office assistant with AOC Enterprises Limited, she was eager and enthusiastic. She was determined to prove herself a valuable employee, so she willingly accepted additional duties and responsibilities. She eventually found that she had more work than she could manage and was unable to type some essential documents before they were due. She told her supervisor that she had placed them on her desk the previous evening, but apparently someone had moved them. When reprimanded by her supervisor, she became offended and reminded him how much she usually does for the business. She withdrew her enthusiasm and began complaining that her boss was ungrateful.
List THREE positive and THREE negative qualities that Stephanie displayed. (6points)
State TWO poor decisions Stephanie made. (2 points)
Suggest THREE ways in which Stephanie could have prevented this conflict. (6 points)
Explain how the business can be affected by the deterioration of the relationship between Stephanie and her supervisor. (4 points)
Answers
The positive qualities that Stephanie displayed include passion, determination, self-reliance while the negative qualities that she displayed include impatience, apathy, and lack of respect.
The poor decisions that were made by Stephanie include:
Complaining about how ungrateful her supervisor was.Shouting back at her supervisor rather than trying to resolve the issue.The ways that Stephanie could have prevented this conflict include:
Explaining what really happened to her supervisor.Not complaining about the ungratefulness of her boss.She could have been patient as well rather than confronting her supervisor.The deterioration of the relationship between Stephanie and her supervisor can bring about disunity in the workplace and this can lead to lower productivity.
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