when implementing the database from a uml class diagram, attributes should be mapped to which of the following? multiple choice tables. relationships. fields. indexes.
Answers
When implementing the database from a UML class diagram, attributes should be mapped to fields. The correct option is (b). What is UML?UML stands for the Unified Modeling Language, which is a graphical language used to define, visualize, and document software systems.
UML was developed by the Object Management Group (OMG) as a common language for building object-oriented systems, and it is now widely used in software development.UML class diagrams are a type of UML diagram that depict classes, interfaces, and their relationships. Class diagrams are a fundamental building block in object-oriented programming, and they are used to model the structure of a system's classes and their associations.Attributes are the properties of a class that describe the characteristics of an object. When mapping a UML class diagram to a database schema, attributes should be mapped to fields in the database.
A field is a specific type of data element that is used to store information in a database.Each attribute in a UML class diagram should be mapped to a field in the corresponding database table. The field's data type and constraints should be determined based on the attribute's data type and constraints. For example, an attribute that is represented as a string in the class diagram should be mapped to a varchar field in the database. Similarly, an attribute that is represented as an integer in the class diagram should be mapped to an integer field in the database.Relationships between classes should also be mapped to the appropriate database tables and fields.
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Related Questions
A VIP member is a customer with a VIP membership. All VIP members are offered a
discount based on two rates: the first rate applies when the price of the order is smaller or
equal to a threshold ($1000 by default), and the second rate applies when the order's price
exceeds this threshold. For example, with the threshold being 1000$, then, when a VIP
member named Sarah places an order that costs 800$, the discount rate for this order is the 1st
discount rate; when Sarah places an order that costs 1200$, the discount rate for this order is
the 2nd discount rate.
NOTE for all VIP members, the 2nd discount rate is always 5% more than the 1st discount
rate. The discount rates might be different among the VIP members. If not specified, the first
and second discount rates are set as 10% and 15%, respectively. On the other hand, the
threshold applies to all VIP members, i.e., all VIP members have the same threshold.
The class VIPMember should support the following components
i. Attributes to support the two discount rates and the threshold limit
ii. Necessary constructors
iii. Appropriate getter methods for the attributes of this class
iv. A method get_discount(self, price) that takes the price of the order and returns both
the discount rate and the price after the discount.
v. A method display_info that prints the values of the VIPMember attributes.
vi. A method set_rate to adjust the discount rates of each individual VIP member.
vii. A method set_threshold to adjust the threshold limit. This affects all VIP members.
Answers
The VIPMember class should have attributes for the two discount rates and the threshold limit.
The VIPMember class should have the following components to support the functionality described in the scenario: i. Attributes: The class should have attributes to store the two discount rates and the threshold limit. These attributes can be named as first_discount_rate, second_discount_rate, and threshold_limit. ii. Constructors: The class should include necessary constructors to initialize the attributes. The constructor can take parameters to set the initial values of the discount rates and the threshold limit. iii. Getter methods: Appropriate getter methods should be implemented to retrieve the values of the discount rates and the threshold limit. iv. get_discount() method: This method should take the price of an order as a parameter and calculate the discount rate and the price after the discount based on the given conditions.
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Hasty Manufacturing orders 86,000 annually. They order 6 times a year. They hold 6,468 units in safety stock. The minimum number of units Hasty Manufacturing holds throughout the year is:__________
Answers
Answer:
6,468 units
Explanation:
Based on the information given we were told that the Manufacturing company orders 86,000 per year which they order 6 times a year which means that if the manufacturing company HOLD 6,468 units in safety stock. The MINIMUM number of units the Manufacturing company will HOLDS throughout the year is:6,468 units which was HOLD in Safety stock.
In what kind of nation are members of a society most likely to have good educational opportunities?
a developing nation
a developed nation
a country emerging from an economic and political crisis
an underdeveloped nation
Answers
Answer:
a developed nation for states
Each of the following is a source of financial capital for a corporation EXCEPT O dividends. O reinvestment of profit or retained earnings. O issuing new stock. O issuing bonds or borrowing funds from a bank. D Question
Answers
Each of the following is a source of financial capital for a corporation EXCEPT dividends. The other options - reinvestment of profit or retained earnings, issuing new stock, and issuing bonds or borrowing funds from a bank - are all ways in which a corporation can raise financial capital. The correct option is Dividend.
Financial capital refers to the funds or monetary resources that are available for investment, production, or other economic activities. It represents the money or financial assets that individuals, businesses, or governments use to generate income, create wealth, or support their operations.
Dividends are cash payments made by a corporation to its shareholders as a distribution of profits. When a corporation earns profits, it can choose to distribute a portion of those profits to its shareholders in the form of dividends. Dividends are typically paid on a regular basis, such as quarterly or annually, but it ultimately depends on the corporation's dividend policy.
The decision to pay dividends is made by the corporation's board of directors, and it is influenced by various factors, including the financial performance of the company, its cash flow, capital requirements, growth opportunities, and the preferences of shareholders.
The correct option is Dividend.
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Which of the following is considered a fall prevention system because it stops a person from falling in the first place?
Select the best option.
Anchor
Guardrails
Personal fall arrest systems
Safety nets
Answers
Answer:
see the answer
Explanation:
I think it's safety nets
json-9237 has enough demand to sell 900 units of each product per month. each product requires the same direct materials in its production. the direct materials cost $4 per pound. the company will at most have 5,400 pounds of the direct materials available every month. what is the maximum contribution margin that json-9237 can earn per month using its 5,400 pounds of direct materials optimally?
Answers
We can calculate the maximum contribution margin by subtracting the total cost of direct materials (4 * x) from the revenue generated. So, the maximum contribution margin is y * (5,400 / x) - (4 * x).
To find the maximum contribution margin that json-9237 can earn per month using its 5,400 pounds of direct materials optimally, we need to consider a few factors.
Let's calculate the maximum contribution margin step by step:
Step 1: Calculate the cost of direct materials per unit.
Given that the direct materials cost $4 per pound, we need to determine the pounds of direct materials used per unit. Since this information is not provided in the question, we'll assume it's given. Let's say the direct materials usage per unit is x pounds. Then, the cost of direct materials per unit is 4 * x.
Step 2: Calculate the maximum number of units that can be produced.
To find the maximum number of units that can be produced, we divide the total pounds of direct materials available (5,400 pounds) by the pounds of direct materials used per unit (x pounds per unit). So, the maximum number of units that can be produced is 5,400 / x.
Step 3: Calculate the maximum contribution margin.
To calculate the revenue generated by selling the maximum number of units, we multiply the maximum number of units that can be produced (5,400 / x) by the selling price per unit. Let's say the selling price per unit is y dollars. Then, the revenue generated is y * (5,400 / x).
Finally, we can calculate the maximum contribution margin by subtracting the total cost of direct materials (4 * x) from the revenue generated. So, the maximum contribution margin is y * (5,400 / x) - (4 * x).
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kipper just got hired as a media liaison for RPA Mines. He will be communicating the mission of the company, as well as giving progress reports on the company's operations and environmental impact. Skipper will need to rely most heavily on his _______ abilities.
A. verbal
B. quentitetive
C. reesoning
D. spatial
E. perceptuel
Answers
Answer:
A. verbal
Explanation:
Communication can be defined as a process which typically involves the transfer of information from one person (sender) to another (recipient), through the use of semiotics, symbols and signs that are mutually understood by both parties.
Generally, there are four (4) main types of communication and these includes;
I. Verbal (oral) communication.
II. Non-verbal communication.
III. Written communication.
IV. Visual communication.
Verbal (oral) communication is a type of communication in which individuals engage in the use of spoken words and they are produced spontaneously. Some examples of verbal (oral) communication are speech presentations, singing, talking etc.
In this scenario, Skipper will need to rely most heavily on his verbal abilities to communicate the mission of the company, as well as giving progress reports on the company's operations and environmental impact.
Answer:
A. verbal
Explanation:
Skipper will need to rely most heavily on his verbal abilities.
Omega X _ Love me Like
Answers
A song by Omega X called Love me Like
Walmart can achieve a _____ using its relationships with suppliers to create an advantage that, ultimately, allows it to give customers low prices and good customer service.
Answers
Answer:
cost leadership/competitive advantage
______ angels are individuals who have already started and successfully operated their own businesses.
Answers
Jeramlah is working with a difficult client. After mixing up a paint order, the client says, "Of course you mixed up this paint order. You never listen
to me, and you're always picking out weird looking colors!" What type of communication is the client using?
A. passive
B. Aggressive
C. Non-aggressive
D. Assertive
Answers
Answer: i would say he is being aggressive towards the guy
Explanation:
Pharmacy technicians work in pharmacies that can be found where? Check all of the boxes that apply.
hospitals
drug stores
medical clinics
schools
manufacturing labs
Answers
Answer:
could be 3 of those answer choices
-hospitals
-drug stores
medical clinics
Explanation:
Answer:
1 2 3
Explanation:
An example of a poor study environment is a place with
Answers
Answer:
A place with a lot of noise, poorly lit, and distractions
Answer:
D
Explanation:
what are the four important decisions made when developing an advertising program? list them in order.a. Setting objectives, setting the budget, developing strategy, and evaluating effectivenessb.Setting objectives, setting the budget, determining the impact on sales and profits, and determining the return on investmentc.Setting the budget, setting objectives, developing strategy, and evaluating effectivenessd.Setting objectives, setting the budget, developing message strategy, and determining media timinge. Developing message strategy, developing message execution, selecting media, and determining media timing
Answers
these four choices made when creating an advertising campaign. establishing advertising goals, deciding on an advertising budget, creating an advertising plan, and assessing success of the advertising.
Advertising refers to the methods used to draw attention to a good or service. In order to attract consumers' attention, advertising seeks to highlight a good or service. It is often used to market a particular product or service, although there are many other applications as well, with commercial advertising being the most popular. Through "branding," which links a product name or image with particular traits in consumers' minds, commercial advertising frequently aim to boost consumption of their goods or services.
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Determine organizational structure? Explain why? 2-Discuss forward and backward scheduling based on the given main project( bundling an aircraft 3- Determine who should be on the seller selection committee 4- Discuss the most internal and external enterprise environmental factors. 5- If you were Mr. Jones, what action would you take now? Why?
Answers
Organizational structure refers to the hierarchy or arrangement of roles, responsibilities, and power within an organization. It dictates how decisions are made and how information flows within an organization.
1. Organizational structure refers to the hierarchy or arrangement of roles, responsibilities, and power within an organization. It dictates how decisions are made and how information flows within an organization. There are different types of organizational structures such as functional, divisional, matrix, network, and hybrid. The type of organizational structure depends on the size of the organization, its goals, and the nature of its work.
The project that is bundling an aircraft requires an efficient and effective organizational structure to ensure its success. The recommended organizational structure for this project is a matrix structure. A matrix structure is a hybrid structure that combines functional and divisional structures. It is suitable for complex and large projects that require specialized skills and resources from different departments.
2. Forward scheduling is a planning technique that involves starting a project as soon as possible and scheduling tasks based on their earliest start date. It ensures that a project is completed within the set time frame. Backward scheduling, on the other hand, involves setting a project completion date and scheduling tasks backward from the end date. It ensures that a project is completed on time.
3. The seller selection committee should be composed of individuals who have expertise in procurement, contract management, and technical knowledge about the product being purchased. The committee should also include representatives from different departments that will be affected by the purchase. The committee's role is to evaluate bids, assess the vendor's capabilities, and make recommendations on which vendor to choose.
4. The internal enterprise environmental factors include organizational culture, structure, resources, and policies. The external factors include market conditions, competition, technology, and legal regulations. These factors influence the project's success and should be considered when planning and executing the project.
5. If I were Mr. Jones, I would review the project plan and assess the status of the project to determine if it is on track. I would also communicate with the project team and stakeholders to ensure that everyone is aware of the project's progress. If there are any issues or risks, I would develop a plan to mitigate them and ensure that the project is completed on time and within budget.
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A person works as a cashier in a major supermarket. She sells vegetables to
customers, including local restaurants that use these ingredients to make
meals for their customers. The supermarket pays the cashier wages for her
work, which she uses to buy her own groceries and pay bills.
When the supermarket in the passage sells vegetables to restaurants, it takes
on which role in the circular flow of goods?
O A. Business market
O B. Resource market
O c. Product market
O D. Household market
Answers
Answer: IT B B
Explanation:
Trust the process
When the supermarket in the passage sells vegetables to restaurants, it takes a resource market role in the circular flow of goods. The correct option is b.
What is a resource market?Resource market definition formally refers to a market that furnishes companies, firms, and organizations with the factors of production in exchange for monetary benefits. Resource markets are those which provide businesses with the resources they need to provide the goods or services they offer. In this sense, these markets are more business-to-business than business-to-consumer.
A resource market may also be referred to as a factor market, which economists use to separately refer to all the resources that businesses employ to legally acquire what they need to undertake in the production of goods and services. It can also be termed the input market. Factors of production acquired in the concept or resource/factor markets include labor, capital, and land.
A simplistic definition is that a resource market is a market that provides businesses with the resources they need to produce goods and services.
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[Word limit: 300 words] In your own words but using concepts from this subject explain why a risk averse agent who makes decisions according to expected utility theory might purchase insurance but not a lottery ticket.
Answers
Expected Utility Theory is a method for decision-making under uncertainty, which proposes that people make decisions based on the expected utility of each possible outcome.
Utility is the satisfaction or pleasure people get from consuming a good or service. This satisfaction is subjective and varies from individual to individual.
Risk aversion is a tendency to prefer a certain outcome to an uncertain outcome with the same expected value. Risk-averse agents place a higher value on avoiding losses than on acquiring gains of the same magnitude. They are willing to pay a premium to avoid taking risks.
An insurance policy is a contract in which an individual pays a premium to an insurance company in exchange for protection against losses from certain risks. Insurance policies provide a way to transfer risk from an individual to a company, which has a larger pool of resources to cover potential losses.
Lotteries are games of chance in which participants pay a small amount of money for a chance to win a much larger prize. The odds of winning the lottery are very low, and most people who play the lottery end up losing money.
A risk-averse agent who makes decisions according to Expected Utility Theory might purchase insurance but not a lottery ticket because of the difference in expected utility between the two options.
When purchasing insurance, the agent knows that they will pay a premium upfront, but they will be protected against a specific risk. The expected utility of purchasing insurance is higher than the expected utility of not purchasing insurance, as the agent will have peace of mind knowing that they are protected against the risk.
On the other hand, when purchasing a lottery ticket, the agent knows that they have a very low chance of winning the prize, and they are likely to lose the money they spent on the ticket. The expected utility of purchasing a lottery ticket is lower than the expected utility of not purchasing a lottery ticket, as the agent is likely to experience disappointment and regret if they do not win the prize.
In conclusion, a risk-averse agent who makes decisions according to Expected Utility Theory might purchase insurance but not a lottery ticket because the expected utility of purchasing insurance is higher than the expected utility of purchasing a lottery ticket.
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maintenance that must be performed immediately to minimize damage to a hotel is referred to as:
Answers
Maintenance that must be performed immediately to minimize damage to a hotel is commonly referred to as emergency maintenance.
Emergency maintenance involves addressing urgent issues or situations that pose a threat to the safety, functionality, or integrity of the hotel's physical infrastructure or guest experience. Examples of emergency maintenance in a hotel may include: Plumbing or water-related issues: Addressing burst pipes, leaks, overflowing toilets, or malfunctioning sprinkler systems that can cause water damage and disrupt operations. Electrical failures: Responding to power outages, electrical shorts, or faulty wiring that may pose fire hazards or disrupt essential services. HVAC system breakdowns: Rectifying failures in heating, ventilation, and air conditioning systems to ensure guest comfort and prevent health or safety risks. Structural damage: Addressing issues such as roof leaks, foundation problems, or structural instability that can compromise the safety and integrity of the building. Security concerns: Resolving issues related to broken locks, malfunctioning security systems, or unauthorized access points to maintain guest safety and protect the property. Promptly addressing emergency maintenance needs is crucial to prevent further damage, ensure the safety of guests and staff, and minimize disruptions to hotel operations. Hotels typically have protocols in place to respond swiftly to emergency maintenance situations, often involving dedicated on-call staff or contractors to address urgent repairs as quickly as possible.
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Which of the following is an advantage of a two-tier wage system?a) It promotes equity and fairness among employees. b) It incentivizes workers to improve their performance. c) It allows for more flexibility in hiring and training. d) It reduces labor costs for the employer.
Answers
The advantage of a two-tier wage system is it reduces labor costs for the employer. The correct option is d.
In a two-tier wage structure, individuals who are hired recently are often paid less than those who have held the same position for longer. When a firm is having financial difficulties or is up against competition from other businesses, this enables them to minimize their labor costs by recruiting new employees at a reduced wage rate.
While a two-tier wage structure may encourage equity and fairness by giving current employees job security and greater pay, it may not encourage people to perform better because they do not perceive many opportunities for growth. Furthermore, while it would allow for more flexibility in hiring and training, it might also lead to conflict between younger and more seasoned workers, which might be detrimental to morale and output.
A two-tier wage system has the benefit of lowering labor costs for the business. The correct option is d.
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What term is used to identify a form of outsourcing in which services are provided by an organization whose employees are in a foreign country?.
Answers
Offshoring is the term used to identify a form of outsourcing in which services are provided by an organization whose employees are in a foreign country.
What is the meaning of Off-Shoring?Offshoring is the procedure by which a commercial operation, including manufacturing, or a supporting operation, such as accountancy, from one nation to another. Offshoring is typically associated with a corporation, though individual states may also use it.
Offshoring is the process of moving operations or ownership of an entire operation to a nation other than the one (or nations) in which the company requesting the services is based.
Offshoring is the process of outsourcing operations abroad, typically by businesses from rich nations to less developed nations, to lower operating costs.
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an owner invests $3,000 into her company. the company would record this transaction with a debit to the
Answers
The company would record this transaction with a debit to the Cash account.
A cash account is a type of brokerage account that requires that all transactions be payable in full on the settlement date with available cash.
When buying securities in a cash account, the investor must deposit enough cash to pay for the trade, or sell other securities on the same trading day so that cash is available to settle the buy order.Unlike margin accounts, cash accounts do not allow short selling or trading on margin.Therefore, the correct answer is Cash account.
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Firm-Specific Risk Definition
A firm-specific risk is the unsystematic risk associated with a specific investment in a firm that is completely diversifiable as per the theory of finance. Under this risk, the investor can lower their risk by increasing the number of investments they have in their portfolio.
Answers
Unsystematic risk is diversifiable, therefore you can reduce this risk in your investments by buying shares of numerous companies that operate in a range of industries.
What Is Unsystematic Risk: ?
Unsystematic risk is a sort of risk unique to a given industry or organization. Other names for it include nonsystematic risk, specific risk, diversifiable risk, and residual risk. In the context of an investment portfolio, diversification lowers unsystematic risk. Unsystematic risk, also referred to as company-specific risk, is an investment-related risk.
Unsystematic risk is also known as diversifiable risk because it can be diminished through diversification.
Even with diversification, investors still face systemic market risk.
Total risk is the sum of systematic and unsystematic risk.
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10.Is service and quality likely to be better in an industry dominated by a monopoly or in a perfectly competitive industry
Answers
The service and quality is likely to be better in an industry dominated by perfectly competitive industry.
What takes place in a perfectly competitive industry?In a perfect competition, a lot of firms do produce identical products and also majority of the firms are known to be price-takers.
This industry is one where all firms have a a part of small market share and the buyers are said to know the nature of the product that is said to being sold.
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A
The document shows a personal allowances worksheet.
Personal Allowances Worksheet (Keep for your records.)
A Enter "1" for yourself if no one else can claim you as a dependent.
• You are single and have only one job; or
B Enter "1" it: • You are married, have only one job, and your spouse does not work; or
• Your wages from a second job or your spouse's wages (or the total of both) are $1,500 or less.
с Enter "1" for your spouse. But, you may choose to enter --" if you are married and have either a working spouse or more
than one job. (Entering-0-" may help you avoid having too little tax withheld.) ..
D Enter number of dependents (other than your spouse or yourself) you will claim on your tax return.
This document is part of a
Answers
Answer: W-2 form
Explanation:
I’m not for sure but it looks like it
This document is a Personal Allowances Worksheet that helps individuals determine the number of allowances they can claim on their tax return.
What is W- 2 Form ?The worksheet has four sections, labeled A, B, C, and D.
Section A asks individuals to enter "1" if no one else can claim them as a dependent. This applies to individuals who are single and have only one job.
Section B instructs individuals to enter "1" if they are married and have only one job, and their spouse does not work, or if their wages from a second job or their spouse's wages (or the total of both) are $1,500 or less.
Section C asks individuals to enter "1" for their spouse, but they may choose to enter "0" if they are married and have a working spouse or more than one job. This can help individuals avoid having too little tax withheld.
Section D instructs individuals to enter the number of dependents they will claim on their tax return, other than their spouse or themselves.
Overall, the Personal Allowances Worksheet is an important tool for individuals to use when calculating the number of allowances they can claim on their tax return and avoid any potential tax withholding issues.
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the types of companies that make particularly attractive acquisition targets when employing an unrelated diversification strategy are
Answers
The types of companies that make particularly attractive acquisition targets when employing an unrelated diversification strategy
are those that operate in different industries or have diverse product/service offerings. These companies can bring complementary expertise, resources, and customer bases to the acquiring company, reducing its reliance on a single industry or market. By diversifying into unrelated industries, the acquiring company can mitigate risks associated with economic fluctuations or industry-specific challenges, and potentially unlock new growth opportunities. Additionally, acquiring companies with strong management teams, established brand recognition, and scalable business models can further enhance the attractiveness of such acquisition targets for unrelated diversification strategies.
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True or false: management must maintain evidential matter, including documentation, to provide reasonable support that it has established adequate internal control structures and procedures.
Answers
True. Management must maintain evidential matter, including documentation, to provide reasonable support that it has established adequate internal control structures and procedures.
Documentation serves as evidence of the design and implementation of internal controls, and it helps in assessing the effectiveness of those controls. It also provides a basis for evaluating compliance with policies and procedures, detecting errors or irregularities, and facilitating internal and external audits.
Documentation is crucial for demonstrating accountability, transparency, and the ability to mitigate risks within an organization's internal control framework.
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gill consulting wrote a check for $4,500 to pay for salaries. this transaction would be recorded with a debit to which account?
Answers
Gill consulting wrote a check for $4,500 to pay for salaries. This transaction would be recorded with a debit to Salaries Expense.
Employment contracts may contain salary clauses as a form of periodic payment from the employer to the employee. Piece wages, in contrast, are paid separately for each job, hour, or other unit rather than on a regular schedule.
Salaries can also be viewed from the perspective of running a business as the cost of attracting and retaining employees to perform their duties. This is called labor cost or payroll cost. Payroll accounts are used in accounting to record salaries.
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The market maker for stock X notices that at the current bid and ask prices, her inventory is getting too low. What should she do to correct this? a. Raise the bid and raise the ask. b. Raise the bid and lower the ask. c. Lower the bid and raise the ask. d. Lower the bid and lower the ask. e. None of the other options
Answers
a. Raise the bid and raise the ask.
The market maker for stock X needs to adjust the bid and ask prices in order to correct the low inventory. This will ensure that she is able to attract more buyers and increase her inventory.
In addition, by raising the ask, she will be able to generate more profit from the additional sales. This method of adjusting the bid and ask prices is the most effective way to ensure that the market maker’s inventory is balanced and that she is able to generate more profits.
By lowering the bid and lowering the ask, the market maker runs the risk of losing out on potential buyers, resulting in an even lower inventory. Therefore, the best option for the market maker is to raise the bid and raise the ask.
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suppose that intel (a monopoly computer chip maker) increases production from 10 microchips to 11 microchips, causing the market price to fall from $30 per unit to $29 per unit. marginal revenue from the 11th unit is:
Answers
The marginal revenue from the 11th unit is $19.
The marginal revenue (MR) of a monopoly firm is the change in total revenue (TR) resulting from a one-unit increase in output (Q). Mathematically, it can be expressed as:
MR = ΔTR / ΔQ
To calculate the marginal revenue of the 11th unit produced by Intel, we need to determine the change in total revenue resulting from the production of that unit. Since Intel is a monopoly, it faces the entire market demand for its product.
At the initial production level of 10 microchips, the market price was $30 per unit, and the total revenue for Intel was:
TR(10) = 10 x $30 = $300
When Intel increases production to 11 microchips, the market price falls to $29 per unit. To sell the 11th unit, Intel will need to lower the price of all units to $29. The new total revenue for Intel is:
TR(11) = 11 x $29 = $319
The change in total revenue resulting from the production of the 11th unit is:
ΔTR = TR(11) - TR(10) = $319 - $300 = $19
The change in output is:
ΔQ = 11 - 10 = 1
Therefore, the marginal revenue of the 11th unit produced by Intel is:
MR = ΔTR / ΔQ = $19 / 1 = $19
So, the marginal revenue from the 11th unit is $19.
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on october 1, 2024, green corporation loans one of its employees $26,000 and accepts a 12-month, 8% note receivable. calculate the amount of interest revenue green will recognize in 2024 and 2025.
Answers
The interest revenue Green will recognize in 2024 is $2,080 and in 2025 is is $1,040.
Interest income is the income a bank or other financial institution generates from its custody services, known as interest. Interest income is the income that a company or individual earns from the amount deposited in a bank.
On October 1, 2024, Green Corporation loans one of its employees $26,000 and accepts a 12-month, 8% note receivable. The interest revenue Green will recognize in 2024 is $2,080 ($26,000 x 8% x 10/12 months). The interest revenue Green will recognize in 2025 is $1,040 ($26,000 x 8% x 2/12 months).
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