If Deca Electronics Company uses a department rate based on direct labor hours for the Design department and machine hours for the Production department, the overhead department rates for the design and production departments in June were $100/DLH and $275/MH, respectively.
What is an overhead rate?An overhead rate is the predetermined rate at which overhead is allocated to production units based on the accepted cost driver.
The overhead rate may be departmental or plantwide.
The predetermined overhead rate is the quotient of the estimated total manufacturing overhead for the period divided by the total cost driver units.
Total manufacturing overhead = $42,000
Design Production Total
Manufacturing overhead $20,000 $22,000 $42,000
Direct labor hours 200 hours
Machine hours 80 hours
Overhead rates $100 per hour $275 per hour
($20,000/200) ($22,000/80)
Resistors Transistors
Units produced 100 100
Direct labor hours 150 150
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assume that one year ago you bought 100 shares of a mutual fund for $13.50 per share, you received $0.42 per share capital gain distribution during the past 12 months, and the market value of the fund is now $17. calculate the percent of total return for your investment.
Total return per share=Capital gain distribution +sale value-purchase value=$0.42+$17-$13.5
=$0.42+$3.5
=$3.92
total return for 100 shares=100*$3.92
=$392
return on investment=$392*100/$1,350
=29.04%
A share is a monetary tool that represents the part ownership of a business enterprise. A stock is a monetary device that represents element ownership in one or more corporations. The price of distinct shares of a business enterprise may be the same for each different.
Comparable Terminology. Of the two, "stocks" is the extra fashionable, commonplace term. It's miles regularly used to explain a slice of ownership of 1 or extra corporations. In assessment, in commonplace parlance, "stocks" have an extra unique which means: It often refers to the possession of a particular company.
A share fee – or an inventory fee – is the quantity it might value to shop for one proportion in a company. The rate of a proportion is not fixed, however, fluctuates according to marketplace situations. It will likely grow if the employer is given the impression to be doing nicely, or fall if the company isn't always meeting expectancies.
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what groups of contacts are most valuable as advisors for student-owned startups? select all that apply. group of answer choices employers from internships faculty classmates
A productive team in the workplace is one that is focused on outcomes. Your startup needs a team of individuals that are truly unconventional thinkers. These professionals ought to be prepared to offer answers that you as an entrepreneur as a person cannot.
What position in a startup is most crucial?The visionary is a common term used to describe the chief executive officer (CEO) of a business. the pack's ringleader the person who decides. Their talent consists in having ambitious goals and having a strong sense of what the business can accomplish in the future. A productive team in the workplace is one that is focused on outcomes. Your startup needs a team of individuals that are truly unconventional thinkers. These professionals ought to be prepared to offer answers that you as an entrepreneur as a person cannot. Bad leadership, poor planning, failing to differentiate a product or service from those already on the market, disregarding client demands, and failing to learn from mistakes are all common issues with startups.
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discuss the major barriers to entry inro an industry. explain how each barrier can foster either monoploy or oligopoly. which barriers, if any, do you feel give rise to monopoly that is socially justifiable
The major barriers to enter into industry are explained below descriptively
1) Economies of scale – Due to cost advantages brought on by economies of scale, the market may not always permit the operation of more than one enterprise. This can result in monopoly.
2) High fixed costs – Since the majority of manufacturing requires certain fixed costs, a new company may not have them.
3) Patents: When a company has patent rights for a certain sort of goods, monopoly is unavoidably the result.
4) Ownership of specific inputs is necessary since output requires input. However, occasionally, a single company is the exclusive owner of the input needed to make the output. Additionally, a market monopoly may result from this.
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frontier corporation sells units for $50, has unit variable costs of $20, and fixed costs of $300,000. if frontier sells 15,000 units, what is its degree of operating leverage?
Its degree of operating leverage is 3.00.
Define operating leverage.
The degree of operating leverage quantifies how much a company's operating income shifts in reaction to a shift in sales. Analysts can assess the effect of any change in sales on corporate earnings with the help of the DOL ratio. It is a metric for assessing the sensitivity of an organization's operational income to sales.
A percentage change in sales results in a proportional change in operating income, which is calculated by the degree of operating leverage. It is a reference to the financial ratio that calculates how changing sales affect operational income (EBIT).
Contribution margin is ($50 - $20) × 15,000 = $450,000.
Profit is $450,000 - $300,000 = $150,000.
Degree of operating leverage is $450,000/$150,000 = 3.
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multiple choice question which statement in true about business relationships in supply chains? multiple choice question. they are always close working partnerships. they must be between divisions of the same firm. they are based on meeting each other's needs. they must be between independent entities.
relationships in supply chains are based on meeting each other's needs.
A supply chain is a network made up of all the individuals, organizations, enterprises, assets, tasks, and technical developments involved in the manufacture and distribution of an item. A complete supply chain is included, from the transfer of raw materials from the supplier to the production to the last delivery to the customer. Supply chain activities include, among others, designing, farming, manufacturing, packaging, and transportation.
Anything can travel without incident thanks to supply chain management, even goods, and any unanticipated natural disaster. Global logistics management is the responsibility of supply chain managers. With skilled supply chain management, managers can promptly spot problems or interruptions in the smooth transportation of goods.
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which of the following is the most fundamental issue that economics addresses? responses choice of appropriate technology choice of appropriate technology reduction of unemployment reduction of unemployment reduction of budget deficit reduction of budget deficit promotion of privatization promotion of privatization use of scarce resources
The correct option is 'use of scarce resources'. This is the most fundamental issue that economics addresses.
Economics is the study of how economies function and the activities and interactions of economic agents. The study of microeconomics examines what are thought to be the fundamental components of the economy, such as individual agents, markets, and the relationships that result from those interactions. Examples of individual agents include homes, businesses, buyers, and sellers. Macroeconomics examines the economy as a system in which production, utilisation, saving, and investment coexist, as well as factors influencing it such as the employment of labour, capital, and land resources, monetary inflation, economic growth, and policy initiatives that have an effect on these components.
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xyz company goes public at a public offering price of $31. several days later, the stock has increased to $43. if the underwriters decides to exercise the greenshoe clause, what price will investors pay for those shares?
The amount investors will pay is $31.
What is Greenshoe clause ?An initial public offering (IPO) greenshoe option permits the consortium of investment banks to purchase and offer for sale 15% more shares at the same offering price than the issuing firm initially intended to sell. If there is greater than expected demand for shares and the stock is trading above the offering price on the secondary market, the clause comes into play. The syndicate does not exercise its option for additional shares if there is insufficient demand and the stock price drops below the offering price.
The Green Shoe Company, which was the first to agree to sell more shares when it went public in, gave its name to this contract clause, which may be used for up to 30 days following the IPO.
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client-side marketing researchers who are planning to conduct research on behalf of their own companies are often required to submit proposals prior to conducting research. true false
Client-side marketing researchers are frequently obliged to submit proposals before beginning research if they intend to carry out studies on behalf of their own companies is True
Explain about the Market research proposal?
The purpose of a market research proposal is to offer your services to potential clients by outlining the benefits of working with you on their project or research study.
Making crucial business decisions, obtaining investments and funding, identifying new company prospects, and even preventing business disasters are some of the broad objectives that market research may assist firms in achieving.
In roughly 3-5 pages, the proposal should cover the problem statement, objectives, research methodology, research activities, and a timetable. Here is a sample proposal that you can use as a guide. Every building project is different from the next, and each one has its own operating environment and set of technical specifications.
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under which of the following circumstances would unethical behaviour more likely occur? select one: a. when employees are not well paid b. when others engage in unethical behaviour c. when there is lack of enforcement of the rules that do exist d. when there are too many rules
Option c. when there is lack of enforcement of the rules that do exist would unethical behaviour more likely occur.
Unethical behaviour is an action that falls outside of what is considered morally right or right for a person, a profession, or an industry. people can behave unethically, as can corporations, experts, and politicians.
Unethical conduct may be described as movements which are towards social norms or acts which might be considered unacceptable to the general public. ethical behavior is the exact opposite of unethical conduct.
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what is the one overriding goal of a corporation in the secular sphere, according to lead attorneys representing the government in the hobby lobby case?
Contraceptive legislation enacted under the Patient Protection and Affordable Health Care Act violates commercial private companies' rights to religious liberty.
What is legislation?Making and enacting laws by legislation, local, state, or national legislative bodies gives religious liberty.In other contexts, legislation may be used to apply local ordinances and rules and regulations issued by administrative agencies in the exercise of delegated legislative functions. Act Enforcement. A bill that has passed both houses of Congress, been submitted for registration, ratification, signature by the Governor, or through the Office of the Governor, and has been printed. This is a permanent measure with legal effect until it is religious liberty. Primary Law - Law or Statute. Secondary Laws – Statutes (often called SI, Codes, Orders, Regulations, Regulations) To provide detailed rules, regulations or codes of conduct in a particular area of activity (e.g. Road Rules).To learn more about legislation from the given link :
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adorn, a designer boutique, extends a job offer in writing to jenna. the company requests for a written acknowledgement of the job offer from her. in this scenario, jenna should write a(n
Jenna should write a job acceptance letter.
What is job acceptance letter?Your job acceptance letter will contain important information about your new job. The correct spelling is: Kim Isaacs, Monster Resume Expert. He was professional and sent me a letter of acceptance. Writing an offer letter is a good guideline for job seekers who decide to accept a job offer. The Acceptance Letter is one of the final steps in the job application process and is important to confirm your acceptance of the position with your employer, including important terms and conditions of employment. Writing a professional acceptance letter is an important step in starting your career at a new company.A Letter of Acceptance is a letter from a university acknowledging that you have been admitted.Receiving your first letter of acceptance is exciting, but don't make any hasty decisions just yet.To learn more about job acceptance letter from the given link :
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which meeting format would a meeting planner set up a room if the delegates needed to take notes, use notebooks, and conduct a workshop type of meeting?
The meeting planner would set up the room in a workshop format.
What is meeting planner?
A meeting planner directs and manages the strategic, operational, and logistical operations associated with event production. Corporations, associations, governments, and other organisations can hire the planner on an as-needed basis. Although the United States Department of Labor and Employment and Training Administration's Occupational Information Network defined this occupation as "meeting and convention planner," alternative titles are more widely used. Event planner, meeting planner, and meeting manager are examples of these titles. In addition, titles relevant to the types of events produced, such as business planner and party planner, are utilised.
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use the data from the u.s. bureau of labor statistics to answer the questions. round your answers to two decimal places. type of worker number of individuals in 2009 number of individuals in 2018 working-age population 236 million 258 million unemployed 14 million 6 million employed 140 million 156 million a. what was the size of the labor force in each year? labor force in 2009: million pe
The size of Labor force in 2009: 154.3 million and The size of Labor force in 2018: 162.3 million.
The labor force includes the employed and the unemployed who are looking for work actively. The discouraged workers, retired population, and homemakers not working are excluded from this. The labor force participation rate determines the health of an economy. This rate is computed and published by the Bureau of Labor Statistics (BLS) in the US.
The unemployed individuals who want a job, but have not been looking for it in the previous month, are not included in the labor force. A nation’s productivity, competitiveness, and efficiency are highly dependent on the quantity and quality of its labor force.
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publix is attempting to forecast sales for a new ice cream cake. to come up with an accurate forecast, publix places the product in atlanta supermarkets for a period of four months. in this instance, publix is using which forecasting method?
For a new ice cream cake, Publix is attempting to predict sales. For a period of four months, Publix places the product at supermarkets in Atlanta. Publix use the market test forecasting technique.
Prior to the commercialization (launch) of a new product, an experiment called a "market test" is undertaken to ascertain information about the product, such as: Is the product the proper one? Does the product have a fair price? etc. The company can either accept or reject the product proposal in light of these facts.
One technique utilized as part of the market test is test marketing. Another technique for predicting sales is test marketing, in which a new product is introduced in specified geographic areas that are indicative of the final market in order to assess the viability of the offering and the level of interest among the target market.
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Vulcan, inc. , has 7 percent coupon bonds on the market that have 13 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the ytm on these bonds is 8. 4 percent, what is the current bond price?.
The cost of the bond right now is $891.74.
A zero-coupon bond is one in which the face value is paid back when the bond matures. Bonds with coupon values have annual interest payments.
Do safe coupon bonds exist?However, zero coupon bonds are not without risk. Zero coupon bonds are exposed to interest rate risk if you sell them before they mature, just like almost all other bonds are. If interest rates increase, your zero coupon bond's secondary market value is likely to decrease.
One explanation for the bond price is:
Given,
Discount rate is 7%.
Number of years till maturity (Nper) = 13
Par value is equal to $1,000 YTM, or 8.4%.
Annual coupon received (PMT):
PV of the coupon is calculated as follows: CP = $891.74
The bond's current value will be $891.74 as a result.
Bonds' recurring interest payments are represented by coupon rates, which are determined by market interest rates. The yield of a bond is the rate of return it produces. The annual interest rate that a bond pays is known as the coupon rate.
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the city of madison funded the redevelopment of a blighted area of the city with the objective of revitalizing it. funding was approved to clean up the site, build up flood zones, build water retention ponds, and run the sewer, water, and electric utilities to the site. five years into the project, it was clear that no commercial or residential developers were interested in developing on the site. what should the city of madison have done before funding and completing the redevelopment?
The city of madison performed an independent feasibility study early on before funding and completing the redevelopment.
Funding is the act of presenting assets to finance a need, program, or project. while this is normally inside the form of cash, it may also take the form of effort or time from an company or corporation.
And below equity funding, there are 3 types of investment that are project Capital price range, non-public equity funds, and Angel investors. while seeking out the proper types of investment and investors, the organisation ought to enhance price range from companies which have each the significant community and problem matter information within the enterprise.
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A monopolistically competitive firm earning profits in the short run will find the demand for its product decreasing and becoming more elastic in the long run as new firms move into the industry until?.
This same firm's demand curve is digression to its total cost curve.
What is demand?
Demand is an economic term that refers to a person's willingness to buy goods and services as well as their willingness to pay a certain price for them. When the price of a good as well as service rises, the quantity demanded falls. Similarly, lowering the price of a good as well as service raises the quantity demanded.
Demand is a concept that both consumers and businesses are familiar with as it makes perfect sense as well as occurs naturally throughout almost any day. For example, shoppers who have their eye on a product will buy more if the price is low. When prices rise, such as when the seasons change, shoppers buy fewer items, or none at all.
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wonder company manufactures one product that sells for $90 per unit and has a contribution margin ratio of 35%. the company's fixed expenses are $46,800. if wonder desires a monthly target net operating income equal to 15% of sales, the amount of sales in units will have to be (rounded):
wonder company manufactures one product that sells for $90 per unit and has a contribution margin ratio of 35%.
The steps are listed below.
Providing the following details:
Sales= $640,000 ($40)
Total variable costs = 448,000 (28)
Margin of contribution = 192,000 ($12).
Fixed costs = (145,200)
$46.800 in net operating income
1) Use the following calculations to get the break-even point in units and dollars:
Break-even point in units = contribution margin per unit minus fixed costs
Break-even point equals 145,200 units (40-28)
Break-even point equals 12,100 units in units.
Fix expenses divided by contribution margin ratio is the break-even point in dollars.
Break-even point (12/40) = 145,200 dollars
The break-even mark is equal to $484,000.
2) The break-even point is the quantity of units that must be sold to generate a zero net profit. Since fixed costs cannot be changed, the contribution margin must match them.
Margin of contribution = 145,200
3) Gain = $75,600
Break-even point in units = contribution margin per / (fixed expenses + targeted profit)unit
Break-even point is 220,800/12 in units.
Break-even point equals 18,400 units in units.
Sales= 18,400*40= 736,000
Total variable expenses are 18,400*28. (515,200)
Margin of contribution = 220,800
145,200 in fixed costs
75,600 is the net profit
4) The safety margin
Risk of error = (current sales level - break-even point)
Margin of safety is equal to 640,000 - 484,000, or $156,000.
Break-even point divided by current sales level is the margin of safety ratio manufacture.
Ratio of the safety margin = 156,000 to 640,000
0.244 times the margin of safety equals 24.4%.
5) Ratio of contribution margin: 12/40 = 0.3
Net growth equals 96,000*0.3, or $28,800.
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Find a government regulation imposed by the commonwealth of virginia that addresses a market failure. identify the agency that enforces the regulation and describe how it protects consumers, workers, or the environment.
The Virginia Consumer Protection Act was first proposed in 1977. The intent behind this act is to promote fair and ethical standards of dealings between suppliers and the consuming public. The Act covers a number of consumer transactions. It includes advertising, and the sale of goods and services for personal or household uses.
A consumer is a person who acquires and uses or consumes a product for their own use. Consumers cannot resell goods, products, or services, but they can consume them to earn a living or self-employment. Consumer definition. Consumers are the end users of goods and services.
Consumers in the food chain are animals that eat organisms from another population. Consumers are heterotrophs and producers are autotrophs. Both are organisms that draw energy from other organisms. Consumer means an individual or group who intends to order or use the purchased goods, products, or services primarily for personal, social, familial, domestic, and similar needs. Yes, and not directly related to entrepreneurial or business activities.
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First-stage allocation of overhead costs to each cost pool is accomplished using all of the following except________.
First-stage allocation of overhead costs to each cost pool is accomplished using all of the following except grouping batch and unit-level activities.
What is the first stage allocation?The process of allocating overhead costs to activities is known as a first-stage allocation. This allocation, which is used in an activity-based costing system, is the first step in the ultimate allocation of overhead expenses to cost objects.
Calculating the level of cost driver activity employed by the product by the specified overhead rate for each activity determined in step 4 and allocating overhead costs to goods. This procedure is frequently referred to as applied overhead.
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if the exchange rate between the u.s. dollar and the japanese yen were such that one u.s. dollar equals 100 yen, what would be the price in dollars of
1 yen is roughly equivalent to 1 cent; 5 yen is approximately 5 cents; 10 yen is approximately 10 cents; 50 yen is approximately 50 cents; $1.00 is equivalent to 100 yen; and $5.00 is equivalent to 500 yen.
How do you convert yen to USD?
The currency exchange rate for the Japanese yen and the United States dollar is known as USD/JPY.The currency pair depicts the quantity of Japanese yen (the quote currency) required to acquire one US dollar (the base currency).
How do I manually exchange yen for dollars?
Divide 500 by if you have 500 yen.01271.In this instance, 500 yen equals $6.35.Most cash trade locales have money trade mini-computers to figure it out for you.
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k owns a variable annuity with an assumed interest rate of 4%. if the actual performance of the separate account(s) is 3%, the effect on this month's income benefit check will be such
The effect on this month's income benefit check will be Same. A lower monthly annuity payment will be made if the actual return is less than the assumed interest rate (AIR). The monthly annuity payment will not change from the prior month if the actual return is equal to the AIR.
What is assumed annual rate ?The interest rate that an insurance company chooses is known as the assumed interest rate (AIR). The assumed interest rate is used to calculate the value of an annuity contract and, consequently, the annuitant's periodic income payment.
The AIR determines the monthly payment the annuitant will get and is combined with other criteria such the annuitant's age at annuitization, spousal coverage options, and the type of annuity coverage selected. The AIR is used by insurance companies to determine an annuity's value.
Knowing the AIR can assist annuitants plan financially for their retirement years because it informs them of the amount they can anticipate receiving from an annuity, which is how many investors utilise annuities to produce retirement income. The value of an annuity can be calculated to help investors plan future investments in different types of vehicles.
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congress created the federal reserve system question content area bottom part 1 a. to process the receipt of taxes received by the internal revenue service. b. to regulate the value of the u.s. dollar against foreign currencies. c. to provide a source of mortgage loans to the residential housing market. d. to serve as a lender of last resort.
Bank runs caused by a particularly bad crisis in 1907 wrecked havoc on the frail banking system and eventually prompted Congress to draft the Federal Reserve Act in 1913.
In order to deal with these banking panics, the Federal Reserve System was initially established. It was established by the Congress to give the country a more secure, adaptable, and stable financial and monetary system. On December 23, 1913, President Woodrow Wilson signed the Federal Reserve Act into law, thereby establishing the Federal Reserve. The Federal Reserve Act was approved by the Senate and signed by President Woodrow Wilson on December 23, 1913, after several months of deliberation and almost entirely party-line vote. To promote economic stability, President Woodrow Wilson signed the 1913 Federal Reserve Act, granting the 12 Federal Reserve banks the authority to manufacture money. 1 The dual mandate was established by the Federal Reserve System to increase employment and control inflation. In order to maintain public confidence in the banking system, oversee and regulate the banking sector, and serve as a lender of last resort in times of financial emergency, the Federal Reserve was established in 1913. It helps to build and stabilize the monetary systems across the country. It manages the payment system, enforces consumer protection laws, regulates financial institutions, offers financial services to the government, and sets monetary policy of Congress.
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which of the following statements is true of organizations that practice the entitlement approach? question 32 options: employee rewards are determined only on the basis of employee performance. employee rewards vary little from person to person and have little to do with differences in individual performance. employee rewards are determined on the basis of results and contributions made by employees. employee rewards vary significantly from person to person because of managers' biases.
Employee rewards are determined only on the basis of employee performance.
Employment is a courting between events regulating the availability of paid labor services. Normally primarily based on a contract, one party, the corporation, which might be an agency, a not-for-profit employer, a co-operative, or any other entity, pays the alternative, the worker, in return for sporting out assigned work. Employees paint in return for wages, which may be paid on the premise of an hourly price, via piecework or an annual income, relying on the form of paintings an employee does, the triumphing situations of the sector, and the bargaining power between the parties. Employees in some sectors may additionally obtain gratuities, bonus payments, or stock alternatives. In some sorts of employment, personnel may get hold of blessings further to price.
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what are the nominal and effective costs of trade credit under the credit terms of 1/20, net 40? assume a 365-day year. do not round intermediate calculations. round your answers to two decimal places. nominal cost of trade credit: % effective cost of trade credit: %
A product's value expressed in terms of money, such as dollars, French francs, or yen, is known as its nominal price.
0.18434343434% is the nominal cost of trade credit.
Effective trade credit cost: 18.25%
What is nominal credit cost?A product's value expressed in terms of money, such as dollars, French francs, or yen, is known as its nominal price. Its relative or actual price is determined by how valuable it is in comparison to another good, service, or group of goods.
nominal cost of credit cost
Discount rate/(1-discount rate)*(365/(full payment days -discount payment days))
=1%/(1-1%)*(365/(40-20))
0.18434343434
effective cost of trade cost
(1+discount rate/1-discount rate)365/(full payment day-discount payment days)
=[tex](1+1%/1-1%)365(40-20)[/tex]%/1-1%)365(40-20)
=-1=18.25
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candice is looking for a specific book for her macroeconomics research project. what is the first thing she should do to most effectively conduct her library search?
The first thing she should do to most effectively conduct her library search is ask a librarian.
What is library search?A search option for books, articles, periodicals, newspapers, and editorials ought to be included on the homepage. It typically sits at the very top of a website. The computers should be configured with the library's homepage as their default setting. If not, enter the online address for the library into your computer's internet browser. An overview of a topic can be found in a reference source, which is frequently a great place to start your study, especially if you are not familiar with the subject in-depth. To elucidate ideas and give context for a topic, reference materials can be obtained.The first thing she should do to most effectively conduct her library search is ask a librarian.To learn more about library search refer to:
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the change in total output resulting from a one-unit increase in the quantity of an input used, holding the quantities of all other inputs constant, is:
marginal product is the correct answer .
What is marginal product ?
This connection is calculated using the marginal product method by dividing the entire change in output by the total change in a certain input. In other words, when the total product curve is plotted with the specific kind of input on one axis and the amount of production on the other, MP is equal to the slope of the curve.
It's crucial to maintain all other inputs identical and just study one input at a time. Each input is segregated in this manner, allowing for adequate testing. Additionally, remember that MP is quantified in physical quantities. The concept of a fraction of an input does not exist.
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8. an airline sells 120 tickets for a flight that seats 100. each ticket is non-refundable and costs $250. the unit cost of flying a passenger (fuel, landing fees, etc.) is $110 and assumes that every flight is full. if the flight is overbooked, each person who does not get a seat is given $400 in cash. assume it is equally likely that any number of people between 91 and 120 show up for the flight. rounded to the nearest thousand, what is the average expected profit the flight will generate? $10,000 $14,000 $16,000 $22,000
The average expected profit the flight will generate = $14000
total ticket sell 120
per ticket cost $250
total earning by selling = 12*250 = $3000
unit cost of flying a passenger is $110
cost of flying for 100 passenger = $110*100 = $11,000
Let x represent the passenger count between 91 and 100.
if 91\leq x\leq 100 , therefore all passenger get the seat
hence profit of the airline is 11000 - 80×X
if 101≤X≤120 then (x-100) will not get the seat
therefore airline has to pay $400(x-100)
profit for the airline will be = 3000 - 11000 - 400(x-100)
= $12000 - $400x
Calculate the average airline profit by adding 91 to 120 and dividing by 120 to arrive at 92=1.
1÷30 (∑ (3000- 110x) + ∑ ($12000 - $400x)
after solving we get
= $14000
what is average expected profit?
The likelihood of making a profit is multiplied by the payoff's profit to determine expected profit, and the probability that specific costs will be incurred is multiplied by the cost to determine expected cost. By dividing the profit amount by the likelihood of realizing that profit, one can determine the expected profit under a probability demand distribution.
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joey realizes that he has charged too much on his credit card and has racked up $4,600 in debt. if he can pay $125 each month and the card charges 18 percent apr (compounded monthly), how long will it take him to pay off the debt?
Debt - Joey would take approximately 53.93 months.
What is Debt?
An obligation to pay money or another agreed-upon value to a third party, the creditor, is known as a debt. Debt differs from an immediate purchase in that payments are deferred or made in instalments. A sovereign state or nation, a local government, a business, or an individual may be liable for the debt. Contractual provisions governing the sum and schedule of principal and interest repayments typically apply to commercial debt. Debt includes mortgages, bonds, notes, and loans. Debt, as opposed to equity, is a type of financial transaction in financial accounting. The phrase could also be used metaphorically to refer to duties of a moral nature and other interactions without a monetary exchange.
Given : $4,600 in debt can pay $125 each month 18 percent Apr.
An obligation to pay money or another agreed-upon value to a third party, the creditor, is known as a debt. Debt differs from an immediate purchase in that payments are deferred or made in instalments.
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Which of the following can an ATM at your bank be used for?
To check your debit card with a bank teller is an ATM at your bank be used for. An automated teller machine, or ATM, is a customized computer that makes it simple for bank account holders to manage their money.
One can use it to print a statement of account activity or transactions, check account balances, withdraw or bank deposit money, and even buy stamps. ATMs come in two main categories. Customers only have access to cash withdrawals and account balance updates in basic units. The more sophisticated machines enable line of credit payments and transfers, receive or debit deposits, and access account data.
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