PROBLEM 5-19A Break-Even Analysis; Pricing (LO5-I, LO5-4, LO5-5]
Minden Company introduced a new product last year for which it is trying to land an opumal selling price. Marketins studies suggest that the company can increase sales by 5.000 units for each S2 reduction in the selling price. the company’s present selling price as $70 per unit, and variable expenses are $40 per unit. Fixed expenses are 3340.000 per yeaf. The present annual sales volume (at the $70 selling price) is 15.000 units.
Required:
1. What is the present yearly net operating income or loss?
2. What is the present break-even point in unit sales and in dollar sales? 3. Assuming that the markeung studies are correct. what is the maximum annual proft that the company can earn? At how many units and at what selling price per unit would the company gencrate this profit
4. What would be the break -even point in unit sales and in dollar sales using the selling price you determined in (3) above (e.g.. the selling price at the level of maximum profits)? Why is this break-even point diflerent from the break-even point vou computed in (2) above?
Answers
1. The present yearly net operating income is $110,000. 2. The present break-even point is 11,333 units in unit sales and $791,946 in dollar sales. 3. The maximum annual profit the company can earn is $160,000 at a selling price of $75 per unit and 10,000 units sold. 4. The break-even point using the selling price of $75 per unit is 8,500 units in unit sales and $644,258 in dollar sales, which differs due to changes in the contribution margin.
1. Calculation of present yearly net operating income or loss is as follows:
Sales Revenue (15,000 units × $70 per unit) $1,050,000
Less: Variable Expenses (15,000 units × $40 per unit) 600,000
Contribution Margin 450,000
Less: Fixed Expenses 340,000
Net Operating Income $110,000
2. Calculation of present break-even point in unit sales and in dollar sales is as follows:
Unit sales break-even = Fixed Expenses / Unit contribution margin
= $340,000 / ($70 - $40) = 11,333 units
Dollar sales break-even = Fixed expenses / Contribution margin ratio
= $340,000 / 0.429 ($450,000 / $1,050,000) = $791,946
3. Computation of maximum annual profit and corresponding selling price and number of units is as follows:
$70-$x $70+$x
5,000 units 15,000 units
Selling price per unit $75 $65
Units sold 10,000 20,000
Sales Revenue (units × selling price) $750,000 $1,300,000
Less: Variable Expenses (units × $40) 400,000 800,000
Contribution Margin 350,000 500,000
Less: Fixed Expenses 340,000 340,000
Net Operating Income $10,000 $160,000
The maximum annual profit that the company can earn is $160,000.
At $75 selling price per unit and 10,000 units sold and at $65 selling price per unit and 20,000 units sold, the company can generate maximum profit.
4. The break-even point in unit sales and dollar sales using the selling price determined in (3) above are:
Unit sales break-even = Fixed Expenses / Unit contribution margin
= $340,000 / ($75 - $40) = 8,500 units
Dollar sales break-even = Fixed expenses / Contribution margin ratio
= $340,000 / 0.528 ($500,000 / $1,300,000) = $644,258
The break-even point is different because the unit contribution margin and the contribution margin ratio change with the change in selling price.
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Related Questions
4. Identify the accounts affected by the following transaction and show action to take in recording
the accounts in the double entry system.
Transaction
Account to be
credited
Account to be
debited
(i) Owner put cash into business.
(ii) Bought goods for cash.
(iii) Sold goods for cash.
(iv) Received cash for rent.
FDM
(v) Owner withdraws cash from business
for personal use.
Answers
Answer:
Explanation:
A debit entry represent an increase while a credit entry represents a decrease in an expense and asset account . but in a liability and capital account , a credit entry increases and a debit entry decreases the balance
1) Owner put cash into business
Account to be credited Account to be debited
Capital (increases ) Cash (increases)
2)Bought good for cash
Cash (decreases) Merchandise Inventory (increases)
3) Sold goods for cash
Merchandise inventory(decreases ) Cash (increases)
4)Received cash for rent
Rental income(increases) Cash ( increases)
5)Owners withdraw cash
Cash (reduces) Drawing (increases)
Which organ systems are used to help the body shiver?
circulatory and respiratory
nervous and muscular
circulatory and muscular
respiratory and nervous
Answers
The organ systems which are used to help the body shiver are: B. nervous and muscular.
What is a nervous system?A nervous system simply refers to a network that typically consist of nerve cells and fibers, which are primarily used for the transmission of neural impulses (signals) and control of the muscular system in the body of a living organism.
This ultimately implies that, the nervous system is saddled with the responsibility of controlling the muscular system within the body of all living organisms.
In conclusion, we can reasonably infer and logically deduce that the nervous and muscular system are organ systems that helps the body of a living organism shiver.
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Which statement best describes the relationship between credit and debt
when you use a credit card?
A. Your debt decreases as you use your credit card more.
B. Your credit decreases as you lower your debt.
C. Your credit stays the same as you lower your debt.
D. Your debt increases as you use your credit card more.
Answers
Answer:
D. Your debt increases as you use your credit card more
When you make a purchase something with a credit card, you are borrowing money from someone else. This puts you in debt. You will build up more debt from purchases until you pay the total amount due.
Hope this helps :)
Your debt increases as you use your credit card more is the statement best describes the relationship between credit and debt when you use a credit card. Thus, option (d) is correct.
What is credit card?
A bank will issue plastic or metal "credit cards" as forms of payment. When using a credit card, also known as a payment card, charges are made against a line of credit instead of the account holder's cash deposits. The credit card is more convenient as compare to cash.
By using credit card more frequently, the debt grows. They must pay the minimum amount due on credit card each month by the balance's due date in order to use one, at least.
Therefore, option (d) is correct.
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To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.
Answers
To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.
In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.
The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.
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A business executive feels the need to win in everything he does, from his business deals, to his golf, and even with his romantic partners. The executive's behavior illustrates a(n):
Answers
A business executive feels the need to win in everything he does, from his business deals, to his golf, and even with his romantic partners. The executive's behavior illustrates a(n):need for achievement.
What is need for achievement?Need for achievement can be defined as the way in which a person is determine to achieve their goals or when a person is always eager to achieve their set goals and objectives.
Hence, the personalities display by the business executives is called need for achievement as the executives feels the need to win in everything he does,.
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Equal monthly payments (starting end of first month) on a 6-year, $50,000 loan at a nominal annual interest rate of 10% compounded monthly are:A. $977.50 B. $956.71 C. $694.44 D. $926.20
Answers
The answer is A. $977.50.
To calculate equal monthly payments on a loan, you can use the formula:
P = (Pr(1+r)^n) / ((1+r)^n - 1)
Where P is the monthly payment, r is the nominal annual interest rate divided by 12 (since it's compounded monthly), and n is the total number of payments (in this case, 6 years times 12 months per year, or 72 months).
Plugging in the numbers, we get:
P = (50000(0.1/12)(1+0.1/12)^72) / ((1+0.1/12)^72 - 1)
P = $977.50
So the answer is A. $977.5
To answer your question, let's calculate the equal monthly payments on a 6-year, $50,000 loan at a nominal annual interest rate of 10% compounded monthly. We can use the loan payment formula:
P = (PV * r * (1 + r)^n) / ((1 + r)^n - 1)
Where:
P = monthly payment
PV = present value (loan amount) = $50,000
r = monthly interest rate (annual rate / 12) = 0.10 / 12 = 0.008333
n = total number of payments (years * 12) = 6 * 12 = 72
P = (50,000 * 0.008333 * (1 + 0.008333)^72) / ((1 + 0.008333)^72 - 1)
P ≈ 956.71
So, the equal monthly payments for this loan are approximately $956.71, which corresponds to option B.
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when must interest and principal payments on a Stafford Student Loan begin
Answers
Answer:
The interpretation of the issue is listed throughout the clarification section below.
Explanation:
As usual and when you get a subsidized mortgage, the economy amount to accrue, but perhaps the government will pay everything on someone's account. This seems to be the case for other education loans, individuals aren't encouraged to make additional cash receipts and cash contributions while being in education or even for 6 months after taking university or education center.
What does Déjà vu tell public relations professionals about the life cycle of strategic conflict
management?
A) It is ongoing.
B) It is reactive.
C) It is strategic.
D) It is difficult.
E) It is very French.
Answers
Déjà vu highlights the ongoing, strategic conflict management life cycle for public relations professionals. option (C) is the correct answer.
Déjà vu, which refers to the feeling of having experienced something before, implies a sense of familiarity or recurrence.
When applied to the life cycle of strategic conflict management, it suggests that conflicts are not isolated incidents but rather ongoing and recurring situations that require continuous attention and management.
The presence of déjà vu highlights the need for a strategic approach to conflict management.
Public relations professionals must develop long-term strategies to address conflicts, considering the potential for recurrence and the importance of maintaining a positive reputation and relationships with stakeholders.
Reactive approaches alone may not be sufficient in managing conflicts effectively.
Furthermore, the mention of déjà vu implies that managing conflicts can be challenging. It suggests that conflicts may have similarities or patterns that reoccur, making it necessary for public relations professionals to learn from past experiences, adapt strategies, and be proactive in addressing conflicts before they escalate.
In summary, the presence of déjà vu in the context of strategic conflict management indicates that conflicts are ongoing, strategic, and can be challenging for public relations professionals.
It emphasizes the need for continuous attention, long-term strategies, and proactive measures to effectively manage conflicts and maintain positive relationships with stakeholders.
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an experienced female crane operator just hired by a new firm was told it was company policy that crane operators urinate over the side of their cranes rather than stop work. the same policy applied to female crane operators. she objected to the policy, was offered alternative jobs, but none as a crane operator, and she quit. would she have a valid claim for sex discrimination?
Answers
Yes, the same policy applied to female crane operators because the practice amounted to disproportionate impact. She opposed to the policy, was given other career opportunities.
The only female crane teacher on the West Coast and a longshoreman agree that women make excellent crane operators. Maria Adame has over 20 years of experience as a longshoreman crane operator. One of the few women employed as longshoremen, Maria Adame advanced through the ranks in the ports of Long Beach and Los Angeles in California.
almost always work outside, although occasionally work indoors. Weather can affect temperature. Wear safety gear like steel-toe boots and hard hats on a regular basis. recurring contact with pollutants.
A mobile crane must be operated by a crane operator in order to lift, transport, place, and reposition various loads of materials. By depressing pedals, moving crane levers, and operating buttons, the operator operates various crane functions.
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Societies make decisions about what type of goods to produce by:
O A. determining which good is the scarcest.
O B. considering their people's wants and needs.
O c. differentiating between physical and human capital.
D. choosing which factor of production is most important.
Answers
Answer:considering their people wants and needs
Explanation:
Societies make decisions about what type of goods to produce by considering their people's wants and needs. The correct option is b.
What do you understand by the term goods?Goods are items that satisfy human wants and provide utility, for example, to a consumer purchasing a satisfying product. A common distinction is made between transferable goods, and services, which are not transferable.
A good is an economic good if it is useful to people but scarce about its demand so that the human effort is required to obtain it. In contrast, free goods, such as air, are naturally in abundant supply and need no conscious effort to obtain them. Private goods are things owned by people, such as televisions, living room furniture, wallets, cellular telephones, and almost anything owned or used daily that is not food-related.
A consumer good or final good is any item that is ultimately consumed, rather than used in the production of another good.
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If a study of past stock prices and volume to find mis-priced securities will not lead to gains in the market, then the market must be at least _____ efficient.
Answers
Hypothetical Balance Sheets Of Nike, Inc. Are Presented Here. NIKE, INC. Condensed Balance Sheet May 31 ($ In Millions) 2022 2021 Assets Current Assets $9,550 $8,900 Property, Plant, And Equipment (Net) 2,050 1,480 1,850 1.730 Other Assets Total Assets $13,080 $12,480 Liabilities And Stockholders' Equity Current Liabilities Long-Term Liabilities $3,230 1,270
Answers
The provided balance sheet information of Nike, Inc. includes the company's assets, liabilities, and stockholders' equity as of May 31, 2022 and 2021.
The balance sheet of Nike, Inc. reveals the financial position of the company as of May 31, 2022, and 2021. The balance sheet is divided into two main sections: assets and liabilities and stockholders' equity. In terms of assets, Nike, Inc. experienced an increase in current assets, which includes cash and other assets expected to be converted into cash within one year. The current assets rose from $8,900 million in 2021 to $9,550 million in 2022. Additionally, the property, plant, and equipment (net) also increased from $1,480 million to $2,050 million during the same period. Other assets, not specified in detail, also increased from $1,730 million to $1,850 million.
Moving on to liabilities, the balance sheet reports current liabilities and long-term liabilities. The current liabilities, which are obligations expected to be settled within one year, amounted to $3,230 million. The long-term liabilities, representing obligations with a maturity of more than one year, were reported at $1,270 million. The balance sheet does not provide specific information about stockholders' equity or additional details about the composition of assets and liabilities. To gain a comprehensive understanding of Nike, Inc.'s financial position and performance, further analysis of the income statement and additional balance sheet details would be required.
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an increase in government spending that is financed by an equal increase in taxes results in which of the following changes in aggregate demand (ad) and short-run aggregate supply (sras) curves?
ADAD Curve SRAS Curve
Shifts to the right . No change
Progressive income taxes
Thailand's Exports . Thailand's Aggregate Demand . Increase . Increase
Answers
An increase in government spending that is financed by an equal increase in taxes results in the following changes in aggregate demand (AD) and short-run aggregate supply (SRAS) curves:
AD Curve: Shifts to the right
SRAS Curve: No change
When government spending increases and is matched by an equal increase in taxes, the AD curve shifts to the right. This is because the government is injecting more money into the economy through its spending, increasing the overall demand for goods and services. The additional spending can boost the economy and lead to higher output and employment levels.
However, the SRAS curve does not change in this situation, as the increase in government spending is offset by the increase in taxes. Higher taxes can reduce the disposable income of households and businesses, potentially leading to a decrease in consumption and investment. Since the increase in government spending is financed by higher taxes, it does not put any additional upward pressure on the overall price level, and the SRAS curve remains unchanged.
Progressive income taxes and Thailand's exports are not directly related to the effects of an increase in government spending financed by an equal increase in taxes on the AD and SRAS curves. However, Thailand's aggregate demand would likely increase due to the increase in government spending, as mentioned earlier.
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After settling a legal dispute, Frank must chose one of two settlement
payment options. He can either receive an immediate lump sum payment of
$250,000, or he can receive an installment payment package with annual
payments of $25,500 spread out over a span of 10 years. Which would likely
be more beneficial to him, and why?
A. The installment package would be better because it would prevent
him from spending all of his money immediately.
B. The immediate payment would be better because it is more
money overall.
C. The immediate payment would be better because he could use the
money immediately to invest it in a safe, low return account.
D. The installment package would be better because he'll have more
money in 10 years than with the lump sum.
Answers
After settling a legal dispute, Frank must choose The immediate payment of $250,000, because it would be better as he could use the money immediately to invest it in a safe, low-return account. Therefore, option C is the correct option.
What is investing?
Investing or investment is a financial term. It is both a tool and a source to generate wealth and income. Investment means putting the money in respect of an object, as the value of the objects differs with time so the value of the money will also differ accordingly. This fact about investment makes it both, risky and profit-making at the same time.
Thus, after a legal dispute is resolved, Frank must select the $250,000 immediate payment because it would be preferable because he could use the money right away to invest it in a secure, low-return account. As a result, choice C is the best one.
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How might a customer react to a salesperson's
weak handshake?
Answers
Answer:
I think the customer will get upset.
The customer will think the salesperson is not ready to attend to him.
Sue says that customers are "expecting a whole lot more for their dollars so the level of customer service has to be that much better and the level of our offerings has to match their expectations". Sue decides to send an email survey to current customers to discover what additional services Camp Bow Wow might offer. Based on the results, Sue intends to implement new services. This is an example of: A. Applied research B. Basic research C. Fact finding D. Development and implementation
Answers
Answer:
A. Applied research
Explanation:
Applied research is defined as a study that is aimed at finding answers to specific practical problems. The information.gained from applied research is usually applied to business activity to improve a product, service, or process.
In the given scenario Sue sends an email survey to current customers to discover what additional services Camp Bow Wow might offer. Based on the results, Sue intends to implement new services.
She is using applied research to gain information that will improve customer service in the organisation
PLEASE HELP Question 21(Multiple Choice Worth 5 points) (04.09 LC) A paid position with specific duties, tasks, and responsibilities in a particular place of work. O Career Interests O Job O Values Question 22 Multiple Choice Worth 5 points) con. PLEASE HELP
Answers
Answer:
Job
Explanation:
A job is any regular and legal activity that one does to earn money. A job is a responsibility, position, or role assigned to a worker/ employee. Each job has a job description which details what duties the employer expects the employees to perform.
A job refers to employment, either full-time or part-time. It is also a piece of work to be performed.
Which best describes the types of indicators that the HDI measures?
O economic and industrial indicators
O infrastructure and social indicators
O social and economic indicators
O stability and social indicators
Answers
Answer:
O social and economic indicators
Explanation:
The Human Development Index (HDI) is a statistic used to measure a country's achievements in different aspects of its social and economic welfare. The united nations developed HDI to evaluate different dimensions of human development in a country. Dimensions of human development refer to people's health, educational level, and standards of living.
The HDI makes comparisons between countries by analyzing components such as average annual income and educational achievements.
Social and economic indicators is best describes the types of indicators that the HDI measures. The HDI analyzes factors such as average annual income and educational achievements to directly compare between countries.
What is HDI ?The Human Development Index is a metric that assesses a country's progress in various areas of social and economic development.
HDI was created by the United Nations to assess many aspects of a country's human development. Human development dimensions include people's health, educational attainment, and living conditions.
Thus, option C is correct.
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rob and mark are the same age. at age 22, rob began saving $5,000 a year while mark saved nothing. at age 45, mark realized that he needed money for retirement and started saving $20,000 per year, while rob kept saving $5,000. now they are both 62 years old. how much in retirement savings will mark and rob have accumulated at age 62, assuming an annual interest rate of 6%?
Answers
At age 22, Rob started saving $5,000 per year for retirement, while Mark saved nothing. At age 45, Mark realized the need for retirement savings and started saving $20,000 per year, while Rob continued to save $5,000 annually. Now both are 62 years old, and we want to determine their retirement savings at this age, assuming an annual interest rate of 6%.
To find out the retirement savings, we can break down the problem into two parts: 1. Rob's retirement savings:
Rob started saving $5,000 per year at age 22 and continued to save this amount until age 62. We need to calculate the total savings over these 40 years.
To find the future value of Rob's annual savings, we can use the formula for the future value of an ordinary annuity:
FV = PMT * [(1 + r)^n - 1] / r, where FV is the future value, PMT is the annual payment, r is the interest rate per period, and n is the number of periods.
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Advantages and Disadvantages of GMO and non modified pumpkins? One paragraph
Answers
Answer:
10 Advantages and Disadvantages of GMOs
They offer more useful knowledge for genetics. ...
They allow for more profit. ...
They add more value to crops. ...
They are known to decrease the prices of food. ...
They yield products that are found to be safe. ...
They would make plants that leave unwanted residual effects to remain in the soil for a long period of time.
a demand relationship in which any change of quantity demanded brings about no price adjustment.
T/F
Answers
The statement in the question is True. A demand relationship in which any change in quantity demanded does not result in a price adjustment is called a perfectly inelastic demand.
This means that the quantity demanded does not respond to changes in price, and consumers are willing to pay the same price regardless of the quantity demanded. For example, a medication that is critical to a patient's survival may have a perfectly inelastic demand. Even if the price of the medication increases, the patient will still demand the same quantity as they require it for their health. In this case, the demand is not influenced by the price, and the seller can set the price as they wish without any changes in quantity demanded. However, perfectly inelastic demand is relatively rare in the real world. Most products have some degree of elasticity, where changes in price influence the quantity demanded. Businesses need to understand the demand elasticity of their products to make informed pricing decisions and maximize their profits.
In conclusion, a demand relationship that brings about no price adjustment with any change in quantity demanded is known as a perfectly inelastic demand, which is true. Understanding the elasticity of demand is crucial for businesses to make pricing decisions that can lead to increased profits.
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marcus finds that a check written by a customer and deposited has not yet been posted
Answers
How do job seekers use the bureau of labor statistics occupational outlook handbook
Answers
Answer:
They explore general information about many types of jobs.
Explanation:
Job seekers use the Bureau of labor statistics occupational outlook handbook in order to gain information about the various jobs available.
What is the Bureau of labor statistics?A federal organization within the United States Department of Labour that collects, analyses, and publishes labor market data in the United States is recognized as The Bureau of Labour Statistics (BLS) which plays a crucial role in industry governance.
The Bureau of Labour Statistics is responsible to published the Occupational Outlook Handbook (OOH) published which is a great resource for job seekers seeking information on various jobs and industries.
This section contains thorough information on the education and training needs for various vocations, as well as any extra qualifications required for success in the sector.
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The special fund established to help compensate parties who have obtained a judgment against licensees that is uncollectible is called
Answers
The special fund established to help compensate parties who have obtained a judgment against licensees that are uncollectible is called the Guaranty Fund.
The Guaranty Fund is typically set up by regulatory bodies or professional organizations to provide a form of protection for clients or customers who suffer financial harm due to the actions or misconduct of licensed professionals. This fund acts as a safety net when a licensee is unable to fulfill their financial obligations resulting from a judgment or settlement.
When a licensee fails to meet their financial obligations, such as paying a court-ordered judgment, the affected party may seek compensation from the Guaranty Fund. The fund is designed to provide financial relief and reimburse the claimant for their losses up to a certain limit or within specific guidelines set by the regulatory authority.
The purpose of the Guaranty Fund is to enhance consumer confidence and protect the public interest. It helps ensure that injured parties have some recourse and are not left without any means of recovery when dealing with licensed professionals who are unable or unwilling to pay their obligations.
In conclusion, the Guaranty Fund serves as a safety net to compensate parties who have obtained an uncollectible judgment against licensees. It plays a vital role in protecting the interests of consumers and maintaining the integrity of licensed professions by providing financial recourse in cases where licensees are unable to fulfill their obligations.
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how does open book management benefit employees?
Answers
Answer: It helps your employees do their job better.
Explanation: Not only that but it will help all people who work there, know what the job is about and know the full meaning and whole of what it is. I hope this helps!
What are the costs and benefits of having
insurance.
Answers
Answer:
Improved Health Increases Savings Organized Consistent Check-Ups Safeguarding Finances
Explanation:
The bowed-outward shape of the production possibilities frontier can be explained by the fact that.
Answers
The bowed-outward shape of the production possibility frontier illustrates that the opportunity cost of one good in terms of the other depends on how much of each good the economy is producing.
What is Production Possibility Frontier?The production possibility frontier (PPF) is a curve in economics that depicts the maximum amounts that two goods can create if they both rely on the same limited resource for production.
From the attached picture below, Let's assume that:
The vertical product is: wineThe horizontal product is: cottonThe bowed-outward shape of the production possibility frontier illustrates that the opportunity cost of one good in terms of the other depends on how much of each good the economy is producing.
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Question 8 options: The caller times at a customer service center has an exponential distribution with an average of 22 seconds. Find the probability that a randomly selected call time will be less than 30 seconds
Answers
The given problem involves an exponential distribution with an average of 22 seconds. This means that the rate parameter, λ, is equal to 1/22.
To find the probability that a randomly selected call time will be less than 30 seconds, we need to use the cumulative distribution function (CDF) of the exponential distribution.
The CDF of an exponential distribution is given by F(x) = 1 - e^(-λx). Plugging in the values, we get F(30) = 1 - e^(-1/22 * 30) = 1 - e^(-30/22) = 0.6545.
Therefore, the probability that a randomly selected call time will be less than 30 seconds is 0.6545, or approximately 65.45%. This means that more than half of the calls are expected to be resolved within 30 seconds.
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what are the advantages and disadvantages of common stocks
Answers
Advantages:
You can invest in companies with limited liability. Common stocks offer a higher earning potential. You can easily purchase common stock on virtually any trading platform. Common stocks can provide dividends. You’ll get to take advantage of a growing economy.Disadvantages:
You are the last person to get paid during a company liquidation. You don’t have much control over your investment. Companies are not required to pay dividends on common stocks. It can take time to generate significant gains. You will face high levels of professional competition when investing in common stocks.Hopes this helps :)
Now that Amazon does collect sales tax in most states, what other loopholes has Amazon found to evade other taxes?
(In depth response)
Answers
Another area in which Amazon has found another tax loophole in order to evade taxes is:
They make use of foreign based companies to receive payments from customers in another country.What is a Tax Loophole?This refers to the legal clauses which the rich people and corporations exploit in order to evade paying tax or paying as much as other people.
One tax loophole which is being used by Amazon to evade tax is the use of foreign based companies to receive payments from customers in another country and bypass HMRC.
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