Answers
Answer:
Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources. ... The building blocks of economics are the studies of labor and trade.
Related Questions
13) Consider the following information for a particular economy. Total population = 60 million Number of employed 30 million Total labour force = 40 million Natural rate of unemployment = 12% a) Find the total unemployment rate b) Calculate the cyclical unemployment rate
Answers
Answer:
Explanation:
a) Find the total unemployment rate
Total labour force = 40 million
Number of employed = 30 million
Number of unemployed = 40 - 30 = 10 million
Unemployment rate = (unemployed / Labour force) × 100
Unemployment rate = (10 million / 40 million) × 100 = 25%
b) Calculate the cyclical unemployment rate
Cyclical unemployment rate = Unemployment rate - natural rate of unemployment
Unemployment rate = 25%
Natural rate of unemployment = 12%
Cyclical unemployment rate = 25 - 12 = 13%
Dale is a guitar teacher and Terrence is a tile layer. If Dale teaches Terrence's daughter to play the guitar in
exchange for Terrence tiling Dale's kitchen floor,
a. only Dale is made better off by trade.
O b. both Dale and Terrence are made better off by trade.
c. neither Dale nor Terrence are made better off by trade.
O d. only Terrence is made better off by trade.
Answers
If Dale teaches Terrence's daughter to play the guitar in exchange for Terrence tiling Dale's kitchen floor Option B. both Dale and Terrence are made better off by trade.
In this scenario, Dale is a guitar teacher and Terrence is a tile layer. Dale teaches Terrence's daughter how to play the guitar in return for Terrence tiling Dale's kitchen floor. It is a classic example of trade and bartering. Dale, the guitar teacher, would have had to pay for tile installation if he hadn't bartered with Terrence, the tile layer. Terrence, on the other hand, would have had to pay for guitar lessons if he hadn't traded with Dale.
Both Dale and Terrence, therefore, benefit from the trade, and they are both better off as a result. Because Dale receives tile installation in exchange for teaching guitar lessons, and Terrence receives guitar lessons in exchange for tile installation, both benefit.
In conclusion, the answer is (b) both Dale and Terrence are made better off by trade. When both parties are better off after a trade, it is known as a mutually beneficial trade. Trade, in general, promotes mutual gains by allowing people to concentrate on what they do best and exchange their output with others for goods and services that they desire. Therefore, the correct option is B.
Know more about Trade here:
https://brainly.com/question/24431310
#SPJ8
A POS merchant system is __
Answers
Answer:
POS means point of sale
Explanation:
The point of sale or point of purchase is the time and place where a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer, and indicates the options for the customer to make payment.
Which of the following is true of a good benefits plan?
a. It is generally inexpensive to buy and administer.
b. It will stimulate higher performance levels.
c. It will encourage people to join an organization.
d. It will include redundancies in coverage.
e. It allows for smaller pay increases.
Answers
Answer:
C
Explanation:
The following is true of a good benefits plan it will encourage people to join an organization. The correct option is c.
What are the benefits of motivated employees?There are several benefits to having a motivated workforce, including lower absenteeism rates, employee retention rates, low staff turnover rates, improved management-worker relationships, higher worker performance, improved quality, and enhanced customer service.
A good benefits plan is an essential part of an organization's compensation strategy. It can be used to attract and retain talented employees and can be a competitive advantage in the job market. A well-designed benefits plan can also help to improve employee morale, motivation, and job satisfaction. While it may require a significant investment, a good benefits plan can provide a good return on investment for the organization.
Thus, the ideal selection is option c.
Learn more about motivated employees here:
https://brainly.com/question/30290742
#SPJ2
What is the difference between final goods and intermediate goods?
Answers
A) Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use.
B) Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods.
Final goods and intermediate goods are terms used in economics to distinguish between different types of goods in the production process. Here's a breakdown of the difference between the two:
1. Final Goods:
Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use. These goods are ready for consumption and do not undergo further processing or transformation before reaching the final consumer. Examples of final goods include food products, clothing, electronics, furniture, and vehicles. Final goods are the end result of the production process and are intended for final consumption or use.
2. Intermediate Goods:
Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods. They are not intended for final consumption but are instead used as raw materials, components, or capital goods in the production process. Intermediate goods undergo further processing or transformation before being included in the final goods. Examples of intermediate goods include raw materials like steel or wood, components like circuit boards or engines, and machinery or equipment used in production.
The key distinction between final goods and intermediate goods lies in their purpose and stage in the production process. Final goods are produced for the ultimate satisfaction of consumers' needs and are ready for consumption, while intermediate goods are used in the production of other goods and undergo further processing.
It's important to note that when calculating a country's Gross Domestic Product (GDP), only the value of final goods is considered. Intermediate goods are excluded to avoid double-counting, as their value is already included in the final goods they contribute to. By focusing on final goods, GDP provides a measure of the value of goods and services produced for final consumption in an economy.
for more such question on goods visit
https://brainly.com/question/25262030
#SPJ8
Need help asap right now
Answers
Answer:
2. Sales forecasts $475,000
3. Ben needs 5 more hours
Explanation:
2.
The sales are $500,000. The trend is a 5% reduction in the current year sales figure for next year's performance.
The sales forecast for next year will be a decrease of 5% of this year sales.
next sales will be $500,000 less 5%
Therefore, the next sales forecast will be 95% of $500,000
=95/100 x $500,000
=0.95 x $500,000
=$475,000
Forecasts will be $475,000
3.
Ben requires 20 hours of continuous training.
So far, he has done 900 minutes.
900 minutes is equivalent to 900/60 hours
=15 hours.
To complete the study, Ben requires 20 hrs -15 hours
=5 more hours
explicate the irrelevance of learning styles
Answers
Learning styles are the best way to learn for a student has been debunked. However, learning styles are accepted in education as a way to promote the idea that student learns differently. Below is a further explanation.
The VARK ModelEducation continues to promote learning styles as a way for teachers to support students and differentiate lessons. The multiple models related to learning styles, the VARK model is among the most widely used since it sufficiently addresses learner diversity and needs.
The VARK model stands for:
VisualAuditoryReading/WritingKinestheticTherefore, anything devoid of the above will be irrelevant.
learn more about learning styles: https://brainly.com/question/3274282
02. Which of the following is not a general management function during staffing? (a) Employee training and development (b) Employee performance appraisal (c) Development of employee according to expertise (d) Follow-up by the manager who delegated the responsibility
Answers
Development of employee according to competence is not a generic management function during staffing.
What are the four objectives of performance reviews?y identifying employees' skills and weaknesses, put the right people in the right jobs. to maintain and assess a person's capacity for growth. to provide employees with feedback on their work and pertinent status.
What do supervisors often concentrate on the given statement?Managing a team is one of a supervisor's most crucial responsibilities. Supervisors frequently organise and lead the team's efforts to finish a task. Supervisors are responsible for setting goals, communicating them, and assessing team performance in which we describe everything.
To know more about management visit:-
https://brainly.com/question/29023210
#SPJ1
Which activity does the IRS allow nonprofit organizations to engage in?
advertising tax deductions for donations
compensating business owners based on profits
selling pharmaceuticals if it is a healthcare organization
increasing the value of shareholder’s investments
Will give brainliest to correct answer!
Answers
Answer: advertising tax deductions for donations
Explanation:
The activity does the IRS allow nonprofit organizations to engage in is
advertising tax deductions for donations.
What is IRS?It stands for Internal revenue service that administered the federal tax laws. In this, it contains the processing of tax return, tax payer service, and the enforcement.
So based on this, we can say that The activity does the IRS allow nonprofit organizations to engage in is advertising tax deductions for donations.
learn more about revenue here: https://brainly.com/question/24506060
Cindy is a single taxpayer with two dependent children, ages 10 and 12. Cindy pays $3,000 in
qualified childcare expenses during the year. If her adjusted gross income for the year is $20,200
and she takes the standard deduction, calculate Cindy's earned income credit and dependent
care credit for 2021.
Answers
Hello,
I hope you and your family are doing well!
Answer: Cindy's earned income credit for 2021 is $845.36 and her dependent care credit is $888.
(See below for the walk-through)! Consider giving this answer 5 stars and brainliest if you find it helpful.
To calculate Cindy's earned income credit and dependent care credit for 2021, we need to know the maximum amount of credit she is eligible for based on her adjusted gross income and the number of dependent children she has.
The maximum earned income credit for 2021 is:
$3,584 for one child
$5,728 for two children
The maximum dependent care credit for 2021 is:
$3,000 for one child
$6,000 for two children
Since Cindy has two dependent children and her adjusted gross income is $20,200, the maximum earned income credit she is eligible for is $5,728 and the maximum dependent care credit she is eligible for is $6,000.
To calculate the actual amount of credit Cindy will receive, we need to know the percentage of her adjusted gross income that she spends on qualified childcare expenses. Since Cindy spends $3,000 on qualified childcare expenses and her adjusted gross income is $20,200, the percentage of her income that she spends on childcare is:
$3,000 / $20,200 = 0.148
The earned income credit and dependent care credit are both calculated as a percentage of the maximum credit, with the percentage equal to the percentage of adjusted gross income spent on qualified childcare expenses.
Therefore, Cindy's earned income credit is:
$5,728 * 0.148 = $845.36
And her dependent care credit is:
$6,000 * 0.148 = $888
Happy Holidays!
How is business important to a nation?
Answers
Answer:
Business is extremely important to a country's economy because businesses provide both goods and services and jobs. ... Businesses are also the means by which many people get their jobs.
Explanation:
hope this helps
At 31 December 20X1, Tina owned equipment which had cost $168,500. At that date $66,500 had been charged in respect of depreciation. Tina's accounting policy is to charge depreciation on equipment at a rate of 25% on the reducing balance basis. What is the depreciation charge to be included in Tina's statement of profit or loss for the year ended 31 December 20X2?
Answers
The amount of depreciation charge to be included in Tina's statement of profit or loss for the year ended 31 December 20X2 is $25,500
We need to calculate the depreciation charge for the year using the accounting policy of charging depreciation at a rate of 25% on the reducing balance basis. The reducing balance method applies the depreciation rate to the carrying amount of the equipment at the beginning of the year, which means that the depreciation charge reduces each year as the carrying amount decreases.
Using this method, the depreciation charge for the year ended 31 December 20X2 can be calculated as follows:
Carrying amount at beginning of year: $102,000
Depreciation rate: 25%
Depreciation charge for the year: $25,500 ($102,000 x 25%)
Therefore, the depreciation charge to be included in Tina's statement of profit or loss for the year ended 31 December 20X2 is $25,500.
For more such question on depreciation
https://brainly.com/question/29999436
#SPJ11
Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:Selling price 156 Units in beginning inventory 0Units produced 9,500Units sold 9,100Units in ending inventory 400 Variable costs per unit: Direct materials 29Direct labor 71Variable manufacturing overhead 17Variable selling and administrative expense 21Fixed costs: Fixed manufacturing overhead 142,500Fixed selling and administrative expense 9,900What is the net operating income for the month under absorption costing?a. $35,400
b. $11,400
c. $17,400
d. $6,000
Answers
Answer:
c. $17,400
Explanation:
The computation of the net operating income under absorption costing is given below:
unit product cost under Absorption costing
direct materials $29
direct labor $71
variable manufacturing overhead $17
fixed manufacturing overhead ($142,500 ÷ 9,500) $15
unit product cost $132
Now
Sales (9,100 × 156) $1,419,600
less:Variable cost of good sold (9,100 × 132) $1,201,200
Gross profit $218,400
Selling and administrative expense
variable selling expens (9,100 × 21) $191,100
Fixed selling & adm expense $9,900
Net operating income $17,400
A mail-order house uses 16,025 boxes a year. Carrying costs are 46 cents per box a year, and ordering costs are $97. The following price schedule applies. Number of Boxes Price per Box 1,000 to 1,999 $1.35 2,000 to 4,999 1.25 5,000 to 9,999 1.15 10,000 or more 1.10 Click here for the Excel Data File a. Determine the optimal order quantity. (Round your answer to the nearest whole number.) b. Determine the number of orders per year. (Round your answer to 2 decimal places.)
Answers
Answer:
a. Optimal order quantity = 2,600 boxes
b. Number of orders per year = 6.16 orders per year
Explanation:
a. Determine the optimal order quantity. (Round your answer to the nearest whole number.)
D = Annual demand = 16,025
O = Ordering cost = $97
C = Carrying costs = 46 cents, or $0.46
Optimal order quantity = Economic order quantity = ((2 * D * O) / C)^0.5 = ((2 * 16,025 * 97 ) / 0.46)^0.5 = 2,600 boxes
b. Determine the number of orders per year. (Round your answer to 2 decimal places.)
Number of orders per year = Annual demand / Economic order quantity = 16,025 / 2,600 = 6.16 orders per year
Imagine the products are in decline and recommend an extension strategy for each one. Make sure you explain your
A Galaxy chocolate bar
Candy Crush mobile app.
Evian water
Ferrari world.
Answers
All of these products should use a rebranding extension strategy.
Once a product reaches maturity and the market is saturated, it gradually starts to decline.
Because of this, one approach to lengthen the life of a product strategy is to always seek out ways to make it better, different, and even stand out from similar products that have already hit the market.
Rebranding, offering discounts, and looking for new markets are all examples of extension strategy methods. Rebranding is the process of giving an existing product a fresh look and feel in order to set it apart from the competition. For instance, a cosmetics company might provide additional brushes, blenders, or sponges.
To learn more about product, click here.
https://brainly.com/question/22852400
#SPJ1
what does a buisness plan mean
Answers
Answer:
Sometimes, a new business plan is created for an established business that has decided to move in a new direction. A business plan is a written document describing a company's core business activities, objectives, and how it plans to achieve its goals. Startup companies use business plans to get off the ground and attract outside investors.
Explanation:
Answer:
buisness plan means
Explanation:
a document setting out a business's future objectives and strategies for achieving them.
Double declining balance
Answers
The double-declining balance method is an effective way to depreciate assets in the early years of their useful life and reduce the balance of the asset more quickly than the straight-line method. This helps companies to account for the asset's cost more accurately over time and to recognize its diminishing value as it ages.
Double-declining balance method is a method of depreciation that is an accelerated method.
The depreciation rate is twice as much as the straight-line method's depreciation rate.
This method begins with an asset's value at the beginning of its use and then decreases at a constant rate throughout its useful life until it reaches the asset's salvage value.
This depreciation method is most commonly used for assets that depreciate quickly at the beginning of their useful life and then slowly depreciate over time until they are scrapped or sold.
Assets such as computers, vehicles, and machinery are common examples of assets that use this method of depreciation.
Double-declining balance method can be calculated using the following formula:Annual depreciation = (2 / useful life in years) * book value at the beginning of the yearOrDepreciation rate = 2 / useful life in years.
For more such questions on depreciate
https://brainly.com/question/29894489
#SPJ8
How would you use the five-step decision-making process to
choose between the party and ushering? What criteria would you
use to evaluate the alternatives? What would be your choice?
Answers
To use the five step decision making process to make this choice
You first have to establish the goal. That is you have to know why you want to solve this problem. And also the reason why you have to make this choiceNow you have to weigh your choices between these two options. You have to weigh this option and make a choice based on the benefits that you may get from them.Next you have to consider the consequences of whatever option that you may pick. You have to check the advantages and the disadvantages.Next you have to make your decision. To do this, you have to trust your instincts to know if the best option that you would be picking would be the party or it would be ushering.The last step is the evaluation of the decision that have been made. This step would help to evaluate all the steps I have taken to make sure that things would work out. It would also help to create changes along the way.
Read more on https://brainly.com/question/14424235?referrer=searchResults
What is market environment
Answers
Answer:
The market environment is the combination of external and internal factors that affect a company's ability to establish a relationship with and serve its consumers.
Explanation:
The internal factors relate to the company itself, such as owners, workers, materials, components, etc.
The external factors are divided into macro and micro components. The macro component is the broad environment which includes societal forces that affect society as a whole. The micro component is task-related, which includes factors that influence the production, manufacturing and distribution of a product or service.
The average lifespan of a new battery is 2234 hours before burning out. The standard deviation is 412 hours and the lifespans are normally distributed. What percentage of batteries last between 2100 and 3100 hours?
Answers
Answer:
no clue I don't study battery's sorry
You are going on a trip and your neighbor agrees to let your dog stay with him. Your dog ends up destroying your neighbors carpet. What insurance covers this?
Answers
answer: home owners insurance
In this scenario, the insurance coverage that may apply to the damage caused by your dog to your neighbor's carpet is called "liability insurance" or "personal liability coverage."
Liability insurance typically provides coverage for accidental damages or injuries caused by you, your family members, or your pets to others or their property.
In the given situation, if you have liability insurance as part of your homeowners or renters insurance policy, it may cover the cost of repairing or replacing your neighbor's damaged carpet. Liability insurance is designed to protect you from financial responsibility for unintentional damages or injuries that you or your property may cause to others.
It's important to review your insurance policy or contact your insurance provider to determine the specific coverage and limits of your liability insurance. They can guide you through the claims process and provide more detailed information on how your policy covers incidents involving damage caused by your dog.
To know more about liability insurance
https://brainly.com/question/31855869
#SPJ2
identify one similarity and one difference between the uses and effects of the roman roads vs. the indian ocean trade network.
Answers
One similarity between the Roman roads and the Indian Ocean trade network is that both played a significant role in promoting trade and economic growth. One difference is that Roman roads were primarily built for military and administrative purposes, while the Indian Ocean trade network was primarily established for commercial purposes.
What did people trade through the Indian Ocean trade network?The Indian Ocean trade network was a complex web of trade routes that connected various regions and cultures around the Indian Ocean basin.The main goods traded through these routes included spices, textiles, precious metals, and ceramics.Spices like pepper, cinnamon and ginger were highly sought after in the Mediterranean and Middle East.Textiles like cotton and silk were in high demand in Southeast Asia and the Middle East.Precious metals like gold and silver were used as currency in Indian Ocean trade networks.Ceramics from China and other parts of Asia were also traded.These trade routes brought a significant economic boost to the regions involved, connecting different markets and facilitating the exchange of goods, culture and ideasBoth facilitated the movement of goods, people and ideas, and helped to connect different regions and trade.To learn more about the Indian Ocean trade network from the given link
https://brainly.com/question/28489428
#SPJ4
Sandra’s Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
October 1 Beginning inventory 6 $ 790 $ 4,740
October 4 Sale 4
October 10 Purchase 5 800 4,000
October 13 Sale 3
October 20 Purchase 4 810 3,240
October 28 Sale 7
October 30 Purchase 8 820 6,560
$ 18,540
3. Using LIFO, calculate ending inventory and cost of goods sold at October 31
Answers
The cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.
The LIFO method (last-in, first-out) of inventory valuation requires that the most recent purchases of inventory be used first in the cost of products sold and ending inventory calculations. The ending inventory and cost of products sold at the end of October will be calculated using the LIFO method, based on the data given in the table.Based on the data given, the total units sold is 14, and the total units purchased is 17. Here's how to calculate the ending inventory and cost of products sold using the LIFO method:Step 1: The last purchase of 8 units at a cost of $820 each on October 30 is deducted from the inventory count, leaving 9 units.Step 2: The previous purchase of 4 units at a cost of $810 each on October 20 is deducted from the inventory count, leaving 5 units.Step 3: The next purchase of 5 units at a cost of $800 each on October 10 is deducted from the inventory count, leaving 0 units.Step 4: Based on the LIFO method, the cost of the ending inventory is the sum of the cost of the oldest units remaining in stock, which is 4 units at a cost of $790 each on October 1, totaling $3,160.Step 5: Based on the LIFO method, the cost of goods sold (COGS) is calculated by adding the total cost of units sold, which is 14 units at a cost of $820 each on October 30, 4 units at a cost of $810 each on October 20, and 5 units at a cost of $800 each on October 10, totaling $17,260.Therefore, the cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.For more questions on cost of goods sold (COGS)
https://brainly.com/question/24561653
#SPJ8
Drivers must stop at red lights so that they do not get in car accidents. This is an example of
how rules create order.
a code of ethics.
O a mission statement.
O how rules are overreaching.
Answers
Answer:
A - How rules create order
Explanation:
Answer:
how rules create order
Explanation:
Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $63,000 loan at 8.5% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2)
Note: Round your answer to the nearest cent.
Answers
If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is : $3071.
What is monthly payment?Monthly payment can be defined as the amount a person received on a monthly basis.
First step is to convert the month to year
Month to year = 24 / 12
Month to year = 2 years
Second step is to find the interest using this formula
I = P × R×T
Where:
I = Interest
P = Principal
R = rate
T = time
Hence
I = 63,000 × 2 × 8.5%
I = 10,710
So,
P+ I = 63,000 + 10,710
P+I = 73,710
Now let find the monthly payment:
Monthly payment = 73,710 / 24 months
Monthly payment = $3,071.25.
Monthly payment = $3,071 (Approximately)
Therefore the monthly payment is the amount of $3071
Learn more about monthly payment here: https://brainly.com/question/25599836
#SPJ1
which of these statements is not true? opec strives to regulate the supply of oil to monitor the stability and prices of the petroleum market. opec members affect price by varying production. opec has no obligation to act in a certain way or keep prices within certain ranges. it exists to serve the interests of its members. opec was created to stop non-member countries from producing oil.
Answers
OPEC has no obligation to act in a certain way or keep prices within certain ranges these statements are not true. The correct option is C.
Why did OPEC fail to keep the price of oil?
OPEC was unable to keep oil prices high in the long run, in part because both supply and demand for oil are now more elastic in the long run than in the short run.
The goal of OPEC is to coordinate and unify petroleum policies among member countries in order to ensure fair and stable prices for petroleum producers, an efficient, economic, and consistent supply of petroleum to consuming nations, and a fair return on capital for those investing in the industry.
Thus, the ideal selection is option C.
Learn more about OPEC here:
https://brainly.com/question/30143768
#SPJ1
Answer:
The answer is opec was created to stop non-member countries from producing oil.
Explanation:
Renata works at a retail store in the mall. She has recently been promoted and is now in charge of opening and closing the store, which involves handling money. After counting the money from the register at the end of the day, she comes up with an extra $25 that somehow wasn't accounted for. Since the money isn't officially recorded, she wonders whether it would be okay to take the money or whether she should put the money in the bank and explain the situation to her boss in the morning. She decides that she deserves the extra money for her hard work and pockets the $25. Which of the following describes Renata's actions?
A.
Conflict of interest
B.
Ethical lapse
C.
Whistle-blowing
D.
Identity theft
E.
Ethical dilemma
Answers
The Converting Department of Toren Company had 19,200 units in work in process at the beginning of the period, which were 35% complete. During the period, 86,400 units were completed and transferred to the Packing Department. There were 15,200 units in process at the end of the period, which were 60% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0". Toren Company Number of Equivalent Units of Production Line Item Description Whole Units Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, beginning Inventory in process, beginning Inventory in process, beginning Inventory in process, beginning Started and completed Started and completed Started and completed Started and completed Transferred to Packing Department Transferred to Packing Department Transferred to Packing Department Transferred to Packing Department Inventory in process, ending Inventory in process, ending Inventory in process, ending Inventory in process, ending Total
Answers
16,800 units and 16,500 units
The computation of the number of equivalent units of production is shown below:
For Materials:
= Transferred units × Completion percentage + ending work in process units × completion percentage
= 14,800 units × 100% + 2,000 units × 100%
= 14,800 units + 2,000 units
= 16,800 units
For Conversion cost:
= Opening work in process units × remaining percentage + Transferred units × Completion percentage + ending work in process units × completion percentage
= 1,200 units × 75% + 14,800 units + 2,000 units × 40%
= 900 units + 14,800 units + 800 units
= 16,500 units
Transferred units is
= 16,000 units - 1,200 units
= 14,800 units
In mathematics, a percentage is known as more than a few or ratio which is expressed as a fraction of one hundred. It is often denoted by using the percentage sign, % even though the abbreviations "pct.", "pct" also and now "pc" is also used.
A percentage is also a dimensionless quantity which has a natural variety and it has no unit of measurement also .
To know more about percentage here:
https://brainly.com/question/24304697
#SPJ1
Assume that Botswana Life Insurance (BOTS LIFE) pays no cash dividends currently and is not expected to for the next 5 years. Its latest EPS was $10, all of which was reinvested in the company. The firm’s expected ROE for the next 5 years is 20% per year, and during this time, it is expected to continue to reinvest all of its earnings. Starting 6 years from now the firm’s ROE on new investment is expected to fall to 15% and the company is expected to start paying out 40% of its earning in cash dividends, which it will continue to do forever after. BOTS LIFE’s market capitalisation rate is 15% per year.
(a) Estimate the intrinsic value per share of the firm [7 Marks]
(b) Assuming its current market price is equal to its intrinsic value, using illustrations, what do you expect to happen to its price over the next year and the year after? [5 Marks]
(c) Illustrate, what effect would it have on your estimate of the intrinsic value if BOTS LIFE is expected to pay out only 20% of earnings starting in year 6? [5 Marks
Answers
The intrinsic value of company's share is $89.90
The share price is expected to rise in the incoming years
The intrinsic value of share remains the same when payout ratio reduces to 20%
What is the firm growth rate in each of the future years?
The growth rate of the company, which is also the growth rate for earnings per share in each of the first 5 years
Growth rate in the first 5 years=ROE*reinvestment rate
ROE=20%
reinvestment rate=100%(all earnings would be reinvested)
Growth rate in the first 5 years=100%*20%
Growth rate in the first 5 years=20%
Earnings in 5 years=current EPS*(1+growth rate)^5
Earnings in 5 years=$10*(1+20%)^5
Earnings in 5 years=$24.8832
Growth rate for year 6 and beyond=15%*(1-40%)
Growth rate for year 6 and beyond=9.00%
Earnings in year 6=$24.8832*(1+9%)
earnings in year 6=$27.122688
Out of the EPS, 40% would be paid as dividends
dividends in year 6=$27.122688*40%
dividends in year 6=$10.8490752
We can compute the share price at the end of year using the present value formula of perpetuity
share price in year 5=$10.8490752/(15%-9%)
share price in year 5=$180.81792
share price now=$180.81792/(1+15%)^5
share price now=$89.90
The fact that share price and the intrinsic value are the same implies that share price would increase over the next year and the year after because the dividends would continue to growth at a constant rate of 9%
Out of the EPS, 20% would be paid as dividends
dividends in year 6=$27.122688*20%
dividends in year 6=$5.4245376
growth rate=15%*(1-20%)=12.00%
We can compute the share price at the end of year using the present value formula of perpetuity
share price in year 5=$5.4245376/(15%-12%)
share price in year 5=$180.81792
share price now=$180.81792/(1+15%)^5
share price now=$89.90
The share price in payout ratio from 40% to 20% has no effect on the intrinsic value since the share prices are the same under the two scenarios
Find out more about intrinsic value on:https://brainly.com/question/14720349
#SPJ1
Carrie wants to open a boat shop right next to te beach. What type of utility is she implementing
Answers
Answer:place utility
Explanation: