In an assignment of a contract for sale, the rights and obligations of the buyer are transferred to a third party. This means that the original buyer is no longer responsible for fulfilling the terms of the contract, and the third party assumes these responsibilities instead.
When a contract is assigned, the assignee takes on the rights and obligations that the original buyer had under the contract. The assignee essentially steps into the shoes of the original buyer, benefiting from the rights that the buyer had while also being responsible for fulfilling the obligations that were initially agreed upon.
This process can be beneficial to the original buyer if they are unable or unwilling to fulfill their contractual obligations, as it allows them to transfer their responsibilities to another party. For the seller, the assignment of the contract does not change their rights or obligations.
As they still have the right to receive payment and are still obligated to deliver the goods or services as agreed upon. However, it is important to note that not all contracts can be assigned. Some contracts may include a clause that prevents assignment or requires the consent of the other party before an assignment can take place.
In such cases, the buyer would need to seek approval from the seller before they can assign their rights and obligations to a third party.
In summary, the assignment of a contract for sale means that the rights and obligations of the buyer are transferred to a third party, who assumes responsibility for fulfilling the terms of the contract. This allows the original buyer to no longer to be responsible for the contract while the seller's rights and obligations remain unchanged.
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Exercise 1 3 8 = M^= M = M = Consider an economy with two consumers, Alexia and Bart, who live two periods, t = 0 and t = 1. In each period they can consume one type of good and their preferences for consumption are given by U(CC) = c(0) i= A, B. Alexia and Bart have the following endowment of good in each period 1 M 4 4 4 In t = 0, Alexia and Bart can exchange a financial contract for the delivery of one unit of consumption good in t = 1 (a bond) Name q the price of the bond and the amount bought by agent i = A.B. (a) Write down each agent i = A, B utility maximization and budget constraints assuming that he/she can trade the bond with restriction, b'> -M (b) Find each agent's optimal quantity b as a function of the bond net return r. (e) Find the equilibrium value of r and the equilibrium demand/supply of each agent. (d) Assume now that both consumers i = A, B are constrained by > 0. How does the equilibrium (allocation and interest rate) change? Answer graphically in the Edgeworth box
Consider an economy with two consumers, Alexia and Bart, who live for two periods, t=0 and t=1. In each period, they can consume one type of good, and their preferences for consumption are given by [tex]U(c^t)[/tex] = [tex]c^t_i[/tex] for i=A, B. Alexia and Bart have the following endowments of the good in each period:
M=(4,4) for Alexia
M=(4,4) for Bart
In t=0, Alexia and Bart can exchange a financial contract for the delivery of one unit of consumption good in t=1 (a bond). Let q be the price of the bond and let bi be the amount bought by agent i=A,B subject to the restriction b'_i>-M.
(a) Write down each agent i=A,B's utility maximization and budget constraints assuming that he/she can trade the bond with the restriction b'_i>-M.
(b) Find each agent's optimal quantity b as a function of the bond net return r.
(c) Find the equilibrium value of r and the equilibrium demand/supply of each agent.
(d) Assume now that both consumers i=A,B are constrained by b_i>0. How does the equilibrium (allocation and interest rate) change? Answer graphically in the Edgeworth box.
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hotel cortez is an all-equity firm that has 6,400 shares of stock outstanding at a market price of $17 per share. the firm's management has decided to issue $36,000 worth of debt and use the funds to repurchase shares of the outstanding stock. the interest rate on the debt will be 9 percent. what is the break-even ebit?
Hotel Cortez needs to earn at least $4,984.62 in EBIT to cover the interest expense on the new debt and the reduction in the number of outstanding shares resulting from the stock repurchase, and break even.
To find the break-even EBIT, we need to calculate the point at which the earnings before interest and taxes (EBIT) is high enough to cover both the interest payments on the new debt and the reduction in the number of outstanding shares resulting from the stock repurchase.
First, let's calculate the number of shares that can be repurchased with the $36,000 debt:
$36,000 debt / $17 per share = 2,117.65 shares repurchased
This reduces the number of outstanding shares from 6,400 to 4,282.35 shares.
Next, let's calculate the interest expense on the new debt:
$36,000 x 0.09 = $3,240 interest expense
Now we can use the formula for calculating the break-even EBIT:
Break-even EBIT = (Interest Expense + Preferred Dividends) / (1 - Tax Rate)
Since Hotel Cortez is an all-equity firm, there are no preferred dividends to consider, so we can simplify the formula to:
Break-even EBIT = Interest Expense / (1 - Tax Rate)
Let's assume a tax rate of 35%:
Break-even EBIT = $3,240 / (1 - 0.35) = $4,984.62.
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Using a block text format when writing your business letters, you do not…………each paragraph.
a.
Transition
b.
Indent
c.
Margin
d.
Punctuation
Using a block text format when writing your business letters, you do not- b. indent each paragraph.
In a full block business letter, the header, address, salutation, body, signature, identification, and attachments are all aligned to the left. Additionally, the opening sentences of paragraphs are not indented.
Therefore, the correct answer is b. indent.
What is block text format?Business letters are frequently written in block format. The entire text is left aligned and single spaced in block style. The double space (instead of paragraph indents) is the exception to the single spacing rule.
What is a block letter example?A writing style in which the capital letters of the alphabet are used to plainly and independently write each letter of a word: Please type your name and address in block letters.
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Funds invested in a _____ should not be withdrawn for a stated period in order to avoid an interest penalty.a. savings accountb. U.S. Treasury billc. checking accountd. negotiable order of withdrawal (NOW) accounte. certificate of deposit
A Certificate of Deposit (CD) is an investment option that requires funds to remain invested for a stated period in order to avoid an interest penalty.
CDs are offered by banks and credit unions, and are typically used to earn a higher rate of interest than a savings account. CDs are often offered in different terms, such as 3-month, 6-month, 1-year, and 5-year terms, and the longer the term, the higher the rate of interest.
Since the funds must remain invested in the CD for the stated period, it is important to read the disclosure information before investing, as there may be a penalty for early withdrawal.
Additionally, the interest earned on a CD is generally not taxed until the CD matures and the funds are withdrawn. Investing in a CD is a great way to earn a higher rate of interest than a savings account, and can be a great way to save for long-term goals.
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Executive has a salaried position with Hi Rolling Corporation under which she earns $80,000 each calendar year.
(a) Who is taxed if Executive, at the beginning of the year, directs that $20,000 of her salary be paid to her aged parents?
The correct answer is Executive would still be taxed on her full salary amount of $80,000. Executive may be able to use her lifetime gift tax exemption to offset the tax liability.
If the Executive directs that $20,000 of her salary be paid to her aged parents, then the Executive will still be the one taxed on her entire salary of $80,000.
The payment to her parents does not change the fact that the salary was earned by Executive as a result of her employment with Hi Rolling Corporation. The payment to her parents would be considered a gift from Executive to her parents, which would not be deductible for taxed purposes.
However, Executive may be able to use her lifetime gift tax exemption to offset the tax liability, if she hasn't already used it up. It's important for Executive to consult with a tax professional to determine the tax implications of gifting a portion of her salary to her parents.
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Executive has a salaried position with Hi Rolling Corporation under which she earns $80,000 each calendar year.
(a) Who is taxed if Executive, at the beginning of the year, directs that $20,000 of her salary be paid to her aged parents?
On December 1, Victoria Company signed a 90-day, 6% note payable, with a face value of $9,600. What amount of interest expense is accrued at December 31 on the note
The amount of interest expense accrued at December 31 on the 90-day, 6% note payable with a face value of $9,600 is $96.
To calculate the interest expense, follow these steps:
1. Convert the annual interest rate to a daily rate: 6% / 360 days = 0.016667% per day.
2. Determine the number of days from December 1 to December 31: 31 days.
3. Calculate the interest expense for this period: $9,600 (face value) x 0.016667% (daily interest rate) x 31 days = $96.
The interest expense accrued for the 31 days in December on Victoria Company's note payable is $96.
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in what form of media relations is the point of initiation the organization rather than an external entity? select one: a. proactive b. assumptive c. reactive d. interactive
Media relations, the point of initiation being the organization rather than an external entity is described as proactive media relations.
The correct answer is a. proactive. In proactive media relations, the organization takes the initiative to establish and maintain relationships with various media outlets, rather than waiting for external entities to approach them. This approach involves identifying relevant media outlets, building relationships with journalists and editors, and sharing news and information about the organization.
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2. Assume that a monopolist competitive firm is making normal profits. a. Compute the firm's total cost if its revenues are $100 million? b. Compute the firm's implicit costs if its normal profits are $20 million? c. Is this firm operating in the short or long run? Please explain? d. Provide examples of two monopolistic competitive businesses in your hometown? In what ways do these businesses exemplify the monopolistic competitive model?
a. Without knowing the specific monopolist cost structure of the firm, it is not possible to compute the total cost with only the revenue information provided.
b. Implicit costs refer to the opportunity costs of using resources that have no direct monetary cost, such as the owner's time or the forgone earnings from an alternative business opportunity. If the firm is making normal profits of $20 million, then its total costs (explicit and implicit) must also be $20 million. Therefore, the implicit costs would be the difference between the total costs and the explicit costs, which is also $20 million. c. The fact that the firm is making normal profits suggests that it is operating in the long run, where all costs are variable and firms can enter or exit the market as needed to eliminate economic profits or losses. d. Two examples of monopolistically competitive businesses in a hometown could be a local restaurant or a boutique clothing store. These businesses may offer unique products or services, have some pricing power due to differentiation, and face competition from other similar businesses. In the monopolistically competitive model, firms are characterized by product differentiation, a relatively large number of small firms, and some degree of market power. These businesses exemplify this model by offering unique products and services and competing in a crowded market with other similar businesses.
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If Susan is asked to review the market summary, SWOT analysis, and competition information for her company, then Susan is in the process of completing a .
If Susan is asked to review the market summary, SWOT analysis, and competition information for her company.
Then Susan is in the process of completing a comprehensive analysis of her company's overall position in the marketplace. This type of analysis is often used by businesses to assess their strengths, weaknesses, opportunities, and threats (SWOT analysis), as well as to gather information about their competitors and the overall market (market summary and competition information). By reviewing these key pieces of information, Susan will be better equipped to make informed decisions and develop strategies to help her company succeed.
A person or organisation can discover strengths, weaknesses, opportunities, and threats (SWOT) relevant to business competitiveness or project planning using the SWOT analysis, an organisational strategy and strategic management technique. It is also known as situational analysis or situational evaluation.
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Describe Industry Suppliers into biscuit industry at Australia?100 wordDescribe Socio-cultural into biscuit industry at Australia? 100wordDescribe Competitive into biscuit industry at Australia? 100 word
NO PLG NO COPING PLS
Industry suppliers in the biscuit industry in Australia refer to companies or individuals who provide the necessary raw materials and equipment needed for the production of biscuits. These suppliers range from flour mills, sugar manufacturers, packaging companies, to machinery manufacturers.
The biscuit industry in Australia is highly competitive, and the suppliers need to provide high-quality products at competitive prices to remain in business. Some of the key suppliers in Australia include GrainCorp, Allied Pinnacle, and Nampak. The socio-cultural factors in the biscuit industry in Australia are varied and complex. Consumers are becoming more health-conscious, and this has led to a shift in demand towards healthier biscuit options. Additionally, there is an increasing demand for gluten-free, vegan, and organic biscuits, which reflects the changing dietary preferences of consumers.
On the other hand, traditional biscuits, such as Anzac biscuits and Tim Tams, remain popular due to their cultural significance and nostalgic appeal. Overall, the socio-cultural factors in the biscuit industry in Australia are constantly evolving and require businesses to adapt to changing consumer preferences. The competitive landscape of the biscuit industry in Australia is highly fragmented, with a large number of small and medium-sized players.
Some of the major players in the industry include Arnott's, PepsiCo, and Mondelez International. These companies compete on the basis of price, quality, innovation, and brand recognition. The industry is also highly influenced by retailers, who have significant bargaining power and can dictate prices and promotions. The rise of private label brands has also increased competition in the industry, as they offer lower-priced alternatives to branded products. Overall, the competitive landscape in the biscuit industry in Australia is dynamic and requires businesses to continually adapt to changing market conditions.
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the law of diminishing marginal returns occurs after hiring which chef?
(A) First (B) Second (C) Third
(D) Fourth (E) Fifth
The law of diminishing marginal returns is an economic concept that describes the decrease in the marginal output of a production process as the amount of a single factor of production is increased, while holding all other factors constant. This means that after a certain point, adding more of a particular factor of production will result in diminishing marginal returns, where the additional output gained from adding an additional unit of that factor will decrease.
In the context of the given question, it is asking at which point in hiring chefs will the law of diminishing marginal returns occur. The correct answer is (C) third chef, as adding the fourth or fifth chef may result in a decrease in marginal output due to overcrowding in the kitchen or other factors. After a certain point, the additional chefs may not be as productive as the first few hired, leading to diminishing marginal returns.
The law of diminishing marginal returns refers to the phenomenon where adding more of a variable input (such as labor) to a fixed input (such as a kitchen) will eventually result in decreasing marginal returns. In the context of hiring chefs, this means that at some point, adding more chefs to a kitchen will result in a decrease in the marginal product of each additional chef hired.
Based on this, it is difficult to determine at which specific chef the law of diminishing marginal returns would occur without more information about the kitchen and the chefs being hired. It is possible that it could occur after hiring the first chef, if the kitchen is very small and cannot accommodate more than one person working at a time. Alternatively, it could occur after hiring several chefs, depending on the size of the kitchen and the efficiency of the chefs.
Therefore, the answer to the question is not clear and depends on the specific circumstances of the kitchen and the chefs being hired.
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Howhas the senate become a threat to canadian democracy?
In recent years, the Senate has been the subject of controversy and criticism. Some argue that the appointment process is undemocratic, as senators are not elected by the people.
Describe more about senate role in canadian democracy?The Senate is part of Canada's bicameral parliamentary system, alongside the House of Commons.
Its role is to provide "sober second thought" on legislation proposed by the House of Commons. Senators are appointed by the Governor General on the recommendation of the Prime Minister, and they serve until they reach the mandatory retirement age of 75.
In recent years, the Senate has been the subject of controversy and criticism. Some argue that the appointment process is undemocratic, as senators are not elected by the people.
Additionally, there have been instances of senators claiming expenses that were later deemed inappropriate, leading to questions about the Senate's accountability and transparency.
However, it is important to note that the Senate has also played an important role in Canadian democracy, such as reviewing legislation, conducting inquiries, and representing regional interests.
Ultimately, the role and effectiveness of the Senate will depend on ongoing debates and discussions about its purpose and relevance in Canadian democracy.
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recognizing the nature of process variability, the process capability target is usually a. the same as product specifications b. independent of product specifications c. looser than product specifications d. tighter than product specifications
The right response is d. more restrictive than product requirements. Recognising the nature of process variability requires understanding that all processes will always experience some amount of variation.
The correct answer is d. tighter than product specifications. When recognizing the nature of process variability, it is important to understand that there will always be some level of variation in any process. The process capability target is the level of variability that the process is capable of achieving consistently over time. In order to ensure that the process is able to consistently meet product specifications, the process capability target must be set tighter than the product specifications themselves. This allows for some margin of error and ensures that the process is capable of consistently producing products within the required specifications.
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Two countries, South Korea and the U.S., produce just one good: beef. Suppose that the price of beef in the U.S. is $2.80 per pound, and in South Korea it is W10000 per pound. (25 points worth)
a. According to PPP theory, what should the $/W spot exchange rate be? (5 points)
b. Suppose the price of beef is expected to rise to $3.10 in the U.S., and to W12,000 in South Korea. What should the one-year forward $/W exchange rate be? (10 points)
c. Given your answers to parts a and b, and given that the current interest rate in the United States is 8 percent, what would you expect the current interest rate to be in South Korea? (
PPP theory implies a $/W spot exchange rate of W0.00028 per $1. Using interest rate parity, the one-year forward rate is W3368.42/$1. Expected interest rate in South Korea is 6.56%.
According to PPP theory, the $/W spot exchange rate should be such that the purchasing power of $1 in the U.S. equals the purchasing power of W3571.43 in South Korea (2.80*W10000).
Therefore, the $/W spot exchange rate should be 1/3571.43 or W0.00028 per $1. For the one-year forward exchange rate, we can use the interest rate parity formula:
(1+US interest rate)/(1+Korean interest rate) = Forward $/W exchange rate/Spot $/W exchange rate.
Plugging in the given values, we get (1+0.08)/(1+x) = Forward $/W exchange rate/0.00028.
Solving for the forward exchange rate, we get 0.000297 or W3368.42 per $1.
Therefore, given the current exchange rate and expected future prices, we can estimate that the current interest rate in South Korea would be approximately 6.56%.
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Individuals known as _____ participate in verifying and maintaining transactions and are sometimes awarded for their efforts through the receipt of bitcoin. A. minersB. diggersC. creatorsD. drillersE. developers
The individuals known as a) miners participate in verifying and maintaining transactions in the Bitcoin network.
They do this by solving complex mathematical equations that confirm the validity of transactions and add them to the blockchain, which is a public ledger that records all Bitcoin transactions. This process is called mining because it is similar to mining for gold or other precious metals, where individuals use their efforts and resources to extract something of value.
Miners are sometimes awarded for their efforts through the receipt of Bitcoin. This is because every time a miner successfully adds a block of transactions to the blockchain, they are rewarded with a certain amount of Bitcoin. The amount of Bitcoin that miners receive as a reward decreases over time, but it is still a lucrative business for those who are willing to invest in the necessary hardware and software.
Overall, miners play a crucial role in the Bitcoin network by ensuring the security and validity of transactions. Their efforts help to maintain the integrity of the blockchain and ensure that Bitcoin remains a reliable and trustworthy form of digital currency.
Therefore, the correct answer is A. miners.
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Suppose a profit-maximizing firm operating in a perfectly competitive market experiences a decrease in its variable costs. Everything else held constant, the firm will respond to the change in variable costs by ________ the amount it produces in the short run and the firm's total profit will _________ in the short run.
a) not changing; increase
b) increasing; increase
c) not changing; not change
d) decreasing; decrease
e) increasing; not change
When a profit-maximizing firm operating in a perfectly competitive market experiences a decrease in its variable costs, it will adjust its production level to maximize its profit. In the short run, the firm will respond to the change in variable costs by increasing the amount it produces. The correct option is B.
This is because the decrease in variable costs means that the firm can produce more units at a lower cost, resulting in higher profit margins for each unit.With an increase in production, the firm's total profit will also increase in the short run. The reason for this is that the firm can now sell more units at a lower cost per unit, while still receiving the same market price. This leads to a higher overall profit for the firm as it can generate more revenue while reducing its costs.In summary, when a profit-maximizing firm in a perfectly competitive market experiences a decrease in variable costs, it will respond by increasing its production in the short run. This will result in an increase in the firm's total profit in the short run, as it can now produce and sell more units at a lower cost.For more such question on profit-maximizing
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What is the difference between 94.7 The Wave, and KWAVE 1O7.9? And what businesses do those radio stations do?
Some individuals are under the impression that KWVE-FM is the same as KTWV (94.7 FM), also known as "94.7 The Wave" and operated by Entercom, a secular smooth adult contemporary radio station with the same title in Los Angeles.
What sets KWAVE 107.9 different from 94.7 The Wave?Your every need is catered to by the CBS radio station KTWV - The Wave 94.7 FM, which is most well-liked by listeners in the 25 to 34 age range. On the top list of our listeners, it ranks at position 436. This program focuses on providing top-notch entertainment.
Northern San Diego County and the Greater Los Angeles region are the target markets for commercial radio station KWVE-FM (107.9 FM), which has a license from San Clemente, California. On KWVE-FM, Christian radio shows are broadcast, with a particular emphasis on Bible teaching and praise and worship music. Owned by Calvary Chapel Costa Mesa, the radio station has facilities in Santa Ana, close to the chapel, and a transmitter positioned atop Santiago Peak.
Sometimes people confuse KWVE-FM with KTWV (94.7 FM), also known as "94.7 The Wave" and operated by Entercom, a secular smooth adult contemporary radio station with the same name in Los Angeles. On February 14, 1987, over two years after the start of KWVE-FM's current programming, then-owner Metromedia changed the rock-formatted KMET to KTWV and "The Wave." Both stations highlight their FM frequency to set themselves apart from one another, and throughout the 1990s KWVE-FM maintained KTWV's request line and business numbers on hand in its broadcast studio as a courtesy to listeners dialing the incorrect station.
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A, who was a nurse by profession underwent a stone removal surgery from her gall bladder but claimed that she continued to experience pain. After 9 years, it was detected that the reason behind this was that a gauge was left in her abdomen by the surgeon who operated her. This required a second surgery. Therefore, she filed the charges for negligence and compensation of Rs.50 Lakhs was demanded by the petitioner. She filed the case against the doctor for his negligence before Supreme Court. Advice steps taken under consumer protection act 1986?
Hello! Under the Consumer Protection Act 1986, A, as a patient, is considered a consumer and has the right to seek redressal for negligence and compensation. Here are the steps A should take:
1. File a complaint: A should file a written complaint with the appropriate Consumer Dispute Redressal Forum (District, State, or National level, depending on the compensation amount).
2. Provide necessary documents: A should submit all relevant documents, such as medical records, bills, and evidence of negligence (e.g., medical reports confirming the presence of the gauge in her abdomen).
3. Issue notice to the doctor: The Consumer Forum will issue a notice to the doctor (opposite party), informing them of the complaint and asking for their version of events.
4. Hearing and presentation of evidence: Both parties will be given an opportunity to present their case and evidence before the Consumer Forum.
5. Decision by the Consumer Forum: Based on the evidence and arguments presented, the Consumer Forum will make a decision regarding the negligence claim and compensation. If the Forum finds in favor of A, it may direct the doctor to pay the compensation amount, along with any other relief deemed appropriate.
Remember that the process might vary slightly depending on the specific case and the level of the Consumer Forum. A should consult with a legal professional to ensure she follows the appropriate steps as per the Consumer Protection Act 1986.
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Question 3 10 points Sau A company purchase a piece of manufacturing equipment for rental purposes. The expected annual income is $7.100 Its useful life is 4 years Expenses are estimated to be 31.800 annually of the purchase price is $20,000 and the salvage value is $2,000. What is the prosent worth of this investment alternativo? OaPW - $2,835 Ob.PW - $3.935 OcPW-$2.935 Od PW - $1,835
Present worth of this investment alternative is -$2,835 so option c is correct.
How to find the present worth of the investment?We need to calculate the annual cash flows and then discount them to their present values using an appropriate discount rate.
First, let's calculate the annual cash flows:
Annual income = $7,100
Annual expenses = $31,800
Net annual cash flow = $7,100 - $31,800 = -$24,700 (negative because expenses are greater than income)
Now, we can calculate the present worth (PW) of the investment alternative using the following formula:
PW = -P + (A/F, i, n) x (P - S)
where:
P = purchase price = $20,000
S = salvage value = $2,000
A = net annual cash flow = -$24,700
i = discount rate
n = useful life = 4 years
[tex]F = (1+i)^n - 1 / i(1+i)^n[/tex]
To solve for the present worth, we need to try different discount rates until we find the one that makes the present worth equal to zero (or very close to zero). We can use a trial-and-error approach or a financial calculator or spreadsheet to do this.
Using a trial-and-error approach, we can start with a discount rate of 10%:
F = (1+10%)⁴ - 1 / 10%(1+10%)⁴ = 3.1709
PW = -$20,000 + (-$24,700/3.1709) x ($20,000 - $2,000) = -$3,935
The present worth is negative, which means that the investment alternative is not worth it at a discount rate of 10%.
Let's try a lower discount rate of 8%:
F = (1+8%)⁴ - 1 / 8%(1+8%)⁴ = 3.3121
PW = -$20,000 + (-$24,700/3.3121) x ($20,000 - $2,000) = -$2,935
The present worth is still negative, but closer to zero than before.
Let's try a slightly lower discount rate of 7.5%:
F = (1+7.5%)⁴ - 1 / 7.5%(1+7.5%)⁴ = 3.3672
PW = -$20,000 + (-$24,700/3.3672) x ($20,000 - $2,000) = -$2,835
The present worth is now slightly positive, which means that the investment alternative is worth it at a discount rate of 7.5%.
Therefore, the answer is option a) PW = $2,835.
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After need recognition, a business develops __________ that suppliers might use to develop their proposals.a. derived demandb. initiator instructionsc. determinant attributesd. product specificationse. focal alternatives
After need recognition, a business develops product specifications that suppliers might use to develop their proposals.
Product specifications are a detailed description of the features and characteristics of the product or service that the business requires. This includes the dimensions, materials, quality standards, and any other specific requirements that the business has. By developing detailed product specifications, the business can communicate its requirements clearly to suppliers, who can then develop proposals that meet the business's needs.
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The main drivers of economic growth (i.e. economic output per person) include all of the following, except:
a. Natural resources
b. Human capital
c. Physical capital
d. Technical progress
The main drivers of economic growth (i.e. economic output per person) include human capital, physical capital, technical progress, and natural resources. So, correct option is E.
Human capital refers to the knowledge, skills, and abilities that workers possess and can use to produce goods and services. This includes education, training, and experience. The greater the level of human capital in a society, the more productive its workforce is likely to be.
Physical capital refers to the machinery, equipment, infrastructure, and other physical assets that are used to produce goods and services. Investment in physical capital can lead to increased productivity and economic growth.
Technical progress refers to improvements in technology, innovation, and efficiency that can lead to increased productivity and output.
Natural resources can also contribute to economic growth by providing the raw materials needed for production. However, natural resources alone are not enough to drive sustained economic growth.
In conclusion, all the factors mentioned - human capital, physical capital, technical progress, and natural resources - can contribute to economic growth.
So, correct option is E.
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Complete question is:
The main drivers of economic growth (i.e. economic output per person) include all of the following, except:
a. Natural resources
b. Human capital
c. Physical capital
d. Technical progress
e. None of the above.
Farmer Frank is a wheat farmer who plans on selling his wheat in the future. Farmer Frank anticipates he will have 60,000 bushels of wheat to sell next September. However, he is concerned that the future market price of wheat will be low, which would result in low revenues from the sale of his wheat. The local farm bureau forecasts three possible prices for wheat next September: 354 cents, 364 cents or 374 cents. Suppose the futures price is 360 cents and that each futures contract is for 5,000 bushels of wheat.
(a) If Farmer Frank wanted to guarantee himself a certain sales price should he take a long or short
position in the future contract?
(b) How many contracts should he trade to employ a strategy to guarantee himself a certain sales price?
(c) Show using the following table that if Farmer Frank employs the hedge strategy from Parts (a) and (b)
then he is guaranteed a certain revenue next September no matter what happens to the wheat price. What
is the amount of this certain revenue? The answers in the table should be in dollars, not cents.
PLEASE SHOW YOUR WORK.
354 Cents 364 cents 374 cents
Revenue from Wheat Profit from Futures Position Total Revenue
Farmer Frank is guaranteed a certain revenue of $237,600 if the price of wheat is 354 cents, a certain revenue of $216,000 if the price of wheat is 364 cents, and a certain revenue of $279,360 if the price of wheat is 374 cents.
(a) Farmer Frank should take a long position in the futures contract to guarantee himself a certain sales price.
(b) To employ a strategy to guarantee himself a certain sales price, Farmer Frank should trade 72 contracts.
Calculation:
60,000 bushels of wheat / 5,000 bushels per contract = 12 contracts needed
12 contracts x 6 bushels per contract (360 cents futures price - 354 cents target price) = 72 contracts
(c)
Calculation:
Target price = 360 cents (futures price)
Number of contracts = 72
Revenue from wheat = 60,000 bushels x 360 cents/bushel = $216,000
If the price of wheat in September is 354 cents, then the revenue from futures position would be:
Revenue from futures position = 72 contracts x 6 cents/bushel x 5,000 bushels/contract = $21,600
Total revenue = $216,000 + $21,600 = $237,600
If the price of wheat in September is 364 cents, then the revenue from futures position would be:
Revenue from futures position = 0 (no profit or loss from the futures position)
Total revenue = $216,000 + $0 = $216,000
If the price of wheat in September is 374 cents, then the revenue from futures position would be:
Revenue from futures position = 72 contracts x (374 cents - 360 cents) x 5,000 bushels/contract = $63,360
Total revenue = $216,000 + $63,360 = $279,360
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If the reserve requirement in Canada is 0.20 and banks hold no excess reserves and consumers hold no cash. What is the money multiplier in Canada
The money multiplier is a measure of the maximum amount of money that can be created in the economy through the process of deposit creation by banks, based on the reserve requirement ratio set by the central bank.
In this scenario, if the reserve requirement in Canada is 0.20, it means that banks are required to hold 20 cents of every dollar deposited as reserves and can lend out the remaining 80 cents. If banks hold no excess reserves and consumers hold no cash, it means that all the money deposited in the banks is available for lending.
Therefore, the money multiplier in Canada can be calculated as:
Money multiplier = 1 / Reserve requirement ratio
= 1 / 0.20
= 5
This means that for every $1 of reserves held by the central bank, banks can create up to $5 of new money in the economy through the process of deposit creation.
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Find out at least 5 invisible factors of cost of quality for a logistics company and discuss how these factors can have an impact on the performance of a logistics company. You can choose a logistics company and find out the desired details for your answer.
Here are five invisible factors of cost of quality for logistics companies:Customer satisfaction: Logistics companies need to meet their customers' expectations in terms of delivery times, product quality, and customer service. Dissatisfied customers may not return, and this can result in a loss of business and reputatio
Employee training: Logistics companies need to train their employees in the latest technology, safety procedures, and regulations. This training can be costly, but it is necessary to ensure that the employees can perform their jobs efficiently and safely Equipment maintenance: Logistics companies need to maintain their equipment, such as trucks, forklifts, and warehouse machinery. Proper maintenance can reduce downtime, prevent accidents, and extend the life of the equipment. Supplier quality: Logistics companies rely on suppliers to provide them with raw materials, components, and finished products.
Poor quality from suppliers can lead to delays, rework, and customer dissatisfaction. Risk management: Logistics companies need to manage risks, such as natural disasters, accidents, and theft. These risks can result in a loss of product, damage to equipment, and liability issues.
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what is the reason that international automotive producers prefer southern states such as alabama, georgia, tennessee, south carolina and mississippi when they select a state to locate new plants?
There are several reasons why international automotive producers prefer southern states such as Alabama, Georgia, Tennessee, South Carolina, and Mississippi when they select a state to locate new plants.
First and foremost, these states have a low cost of living and low business costs, which means that companies can save money on production and operating expenses. Additionally, southern states offer a range of tax incentives and financial incentives to businesses, which can further reduce costs and increase profits. Another reason why southern states are attractive to automotive producers is that they have a skilled and dedicated workforce, which is essential for building high-quality vehicles. Finally, southern states have a strong infrastructure and transportation network, which makes it easy to transport vehicles and parts to and from the plant.
Overall, the combination of low costs, incentives, skilled workers, and strong infrastructure makes southern states an ideal location for international automotive producers looking to expand their operations in the United States.
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f the Bank of Canada wanted to lower interest rates, then it could:Select one:a. sell treasury bills to decrease the money supply.b. buy treasury bills to decrease the money supply.c. sell treasury bills to increase the money supply.d. buy treasury bills to increase the money supply.
If the Bank of Canada wanted to lower interest rates, then it could buy treasury bills to increase the money supply. This would make borrowing easier and cheaper for consumers and businesses, which would stimulate economic activity and potentially increase inflation.
If the Bank of Canada wanted to lower interest rates, then it could buy treasury bills to increase the money supply. By buying treasury bills, the Bank of Canada would inject money into the economy, increasing the supply of money in circulation. This would make it easier for banks to lend money, leading to lower interest rates.
Conversely, if the Bank of Canada wanted to raise interest rates, it could sell treasury bills to decrease the money supply, making it harder for banks to lend money and leading to higher interest rates.'
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I need help with the following question:Briefly define the four dimension of globalization.
Globalization refers to the interconnectedness and interdependence of countries, economies, cultures, and people around the world.
There are four dimensions of globalization, which are economic, political, cultural, and ecological. Economic globalization refers to the increasing interconnectedness of national economies through international trade, investment, and capital flows. It involves the creation of a global marketplace that facilitates the exchange of goods and services across borders, as well as the movement of capital and labor. Political globalization refers to the increasing power and influence of international institutions and organizations, such as the United Nations, the World Trade Organization, and the International Monetary Fund. It also involves the spread of democratic values and the growth of global civil society. Cultural globalization refers to the diffusion of ideas, values, and cultural practices around the world. It includes the spread of popular culture, such as music, movies, and fashion, as well as the influence of global media and communication technologies. Ecological globalization refers to the interconnectedness of environmental issues around the world, such as climate change, deforestation, and biodiversity loss. It involves the recognition that environmental problems are global in nature and require collective action and cooperation to address. In summary, the four dimensions of globalization are economic, political, cultural, and ecological, and they all play important roles in shaping the modern world.
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Globalization refers to the interconnectedness and interdependence of countries, economies, cultures, and people around the world.
There are four dimensions of globalization, which are economic, political, cultural, and ecological. Economic globalization refers to the increasing interconnectedness of national economies through international trade, investment, and capital flows. It involves the creation of a global marketplace that facilitates the exchange of goods and services across borders, as well as the movement of capital and labor. Political globalization refers to the increasing power and influence of international institutions and organizations, such as the United Nations, the World Trade Organization, and the International Monetary Fund. It also involves the spread of democratic values and the growth of global civil society. Cultural globalization refers to the diffusion of ideas, values, and cultural practices around the world. It includes the spread of popular culture, such as music, movies, and fashion, as well as the influence of global media and communication technologies. Ecological globalization refers to the interconnectedness of environmental issues around the world, such as climate change, deforestation, and biodiversity loss. It involves the recognition that environmental problems are global in nature and require collective action and cooperation to address. In summary, the four dimensions of globalization are economic, political, cultural, and ecological, and they all play important roles in shaping the modern world.
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an easy way to determine what percentage of your assets should be invested in growth investments is to take your age and subtract it from 80. group startstrue or false
An easy way to determine what percentage of your assets should be invested in growth investments is to take your age and subtract it from 80. This statement is False.
The 100 minutes Age ruleSubtracting your age from 100 gives you the percentage of your assets that should be allocated to growth investments, with the remaining percentage being allocated to more conservative investments such as bonds or cash. So, for example, if you are 30 years old, the rule suggests that 50% (100-30) of your assets should be invested in growth investments. However, it's important to note that this is just a general guideline, and individual circumstances and risk tolerance should also be considered when determining asset allocation.
What is called an asset?Something that will or already has economic worth to a business is an asset. Basically, a business's assets are any items that are within its control and ownership, are valuable now or have the potential to be profitable in the future. Examples include investments, equipment, and patents.
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QUESTION 16 The percent increase in the CPI from one year to the next is a measure of the GDP deflator. O unemployment rate. real interest rate. O inflation rate. QUESTION 17 If real GDP grows by 38 i
The percent increase in the CPI from one year to the next is a measure of the GDP deflator (d) inflation rate.
The percentage increase in the CPI (Consumer Price Index) from one year to the next is a measure of inflation rate. Inflation refers to the overall increase in the price level of goods and services in an economy over a period of time.
The CPI measures the price changes of a basket of goods and services commonly consumed by households and is used as an indicator of inflation.
The answer for question 17 is (a) 38%.
Real GDP (Gross Domestic Product) measures the value of all final goods and services produced in an economy adjusted for inflation. If real GDP grows by 38%, it means that the economy has expanded by 38% after adjusting for inflation.
This increase in real GDP may be due to an increase in productivity, investment, or consumer spending, which can lead to job creation and higher standards of living.
Inflation is an important economic indicator that measures the overall increase in the price level of goods and services in an economy. It is usually measured using the CPI, which tracks the prices of a basket of goods and services commonly consumed by households.
Real GDP is an important measure of economic growth, as it measures the value of all final goods and services produced in an economy adjusted for inflation. When real GDP grows, it suggests that the economy is expanding and producing more goods and services.
In the given question, if real GDP grows by 38%, it means that the economy has expanded by 38% after adjusting for inflation. This increase in real GDP can lead to job creation, higher incomes, and an overall increase in the standard of living for individuals in the economy.
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Suppose improvement in technology is expected to increase the future marginal product of capital. Holding output constant, what would be the effect on the goods market and on the IS curve?
A. National savings decreases leading to a higher interest rate that clears the good market. IS shifts up and to the right
B. National savings increases leading to a lower interest rate that clears the goods market. IS shifts down and to the left.
C. National investment increases leading to a higher interest rate that clears the goods market. IS shifts up and to the right.
D. National investment decreases leading to a lower interest rate that clears the goods market. IS shifts down and to the left.
The effect on the goods market and on the IS curve is national investment increases leading to a higher interest rate that clears the goods market. IS shifts up and to the right. Option C is correct.
An increase in the future marginal product of capital would likely lead to an increase in investment, which in turn would increase the supply of loanable funds in the economy. As a result, the interest rate would decrease, making it cheaper for businesses to borrow and invest in new capital.
This increase in investment would lead to an increase in the demand for goods, and this shift would be reflected by an upward shift of the IS curve.
Furthermore, this increase in investment would lead to an increase in the capital stock, which would increase productivity and the marginal product of labor. This would lead to an increase in real GDP and a higher level of output in the economy, but since we are holding output constant, this effect is not relevant for this question.
Therefore, option C is correct.
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