Real macromarketing views the complete supply and demand chain from a global perspective.
What is macro marketing?Macromarketing examines how the four Ps of marketing—product, pricing, place, and promotion—generate demand for products and services, which in turn influences what kinds of goods and services are produced and sold.
A manager of a small auto repair company may use macro-marketing to reach out to car owners through social media advertising platforms rather of waiting for customers at the store. Targeting a diverse group of clients will promote positive customer behaviour patterns.
You'll have a better understanding of how to grow your business if you understand the connection between marketing and society.
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who is GZStunterOnYT
Answer:
I think it's RG ASPHALT 8
Moorcroft Company’s budgeted sales and direct materials purchases are as follows:
Budgeted Sales Budgeted D.M. Purchases
April $301,000 $42,000
May 288,000 50,000
June 399,000 62,000
Moorcroft’s sales are 40% cash and 60% credit. Credit sales are collected 20% in the month of sale, 50% in the month following sale, and 26% in the second month following sale; 4% are uncollectible. Moorcroft’s purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month following the purchase and 60% in the second month following the purchase.
Instructions:
(a) Prepare a schedule of expected collections from customers for June.
Therefore, the schedule of expected collections from customers for June is:
April credit sales = $173,376May credit sales = $165,888June credit sales = $229,824Total expected collections = $569,088What does credit sales imply?Credit sales refer to the sale of goods or services where payment is deferred until a later date, typically with a payment term specified in the sales agreement. In other words, the buyer is allowed to purchase goods or services on credit and pay for them at a later date, rather than paying cash at the time of purchase. This is a common practice in many industries and can help businesses increase sales by allowing customers to purchase goods or services even if they do not have immediate access to funds.
To prepare a schedule of expected collections from customers for June, we need to determine the number of credit sales made in April, May, and June and then calculate the expected collections from each month's credit sales.
First, let's calculate the credit sales for each month:
April credit sales = $301,000 x 60% = $180,600May credit sales = $288,000 x 60% = $172,800June credit sales = $399,000 x 60% = $239,400Next, we need to determine the expected collections from each month's credit sales:
April credit sales:
20% collected in April = $180,600 x 20% = $36,12050% collected in May = $180,600 x 50% = $90,30026% collected in June = $180,600 x 26% = $46,9564% uncollectible = $180,600 x 4% = $7,224Total expected collections from April credit sales = $36,120 + $90,300 + $46,956 = $173,376May credit sales:
20% collected in May = $172,800 x 20% = $34,56050% collected in June = $172,800 x 50% = $86,40026% collected in July = $172,800 x 26% = $44,9284% uncollectible = $172,800 x 4% = $6,912Total expected collections from May credit sales = $34,560 + $86,400 + $44,928 = $165,888June credit sales:
20% collected in June = $239,400 x 20% = $47,88050% collected in July = $239,400 x 50% = $119,70026% collected in August = $239,400 x 26% = $62,2444% uncollectible = $239,400 x 4% = $9,576Total expected collections from June credit sales = $47,880 + $119,700 + $62,244 = $229,824Therefore, the schedule of expected collections from customers for June is:
April credit sales = $173,376May credit sales = $165,888June credit sales = $229,824Total expected collections = $569,088To learn more about the agreement, click
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HELPPPP MEEEEE
i need help writing this
Answer: To increase your total income, you can use your earning power in the following ways:Improve your skills: One way to increase your earning power is to acquire new skills or enhance the ones you already have. Consider taking courses, attending workshops or seminars, or pursuing a higher degree to become more valuable to your employer or clients.Negotiate your salary: If you believe you are being paid less than what you are worth, you can negotiate with your employer for a raise. Present a strong case for why you deserve a higher salary and demonstrate how your skills and performance have added value to the organization.Look for higher paying opportunities: If you feel that your current job is not paying you enough, you can explore other job opportunities that pay more. Conduct a job search, network with professionals in your industry, and apply to positions that offer a higher salary.Start a side business: You can also increase your total income by starting a side business. Identify your skills and interests and start a business that aligns with them. This can be a source of passive income or a full-time venture if it becomes successful.Invest your money: Investing your money can be another way to increase your total income. Research and invest in stocks, mutual funds, real estate, or other investments that offer a potential return on investment. However, it's important to remember that investing involves risk and you should always consult a financial advisor before making any investment decisions.
matthew and victoria are shopping for a new pair of running shoes. victoria is willing to pay $180 and matthew is willing to pay $120 for a new pair of shoes. what is the total gain in surplus when the price of shoes decreases from $175 to $120?
When the price of shoes declines, consumer surplus increases by $55.
What is the change in consumer surplus?
Consumer surplus is the difference between the price of a good or service and the amount the consumer is willing to pay for the good.
Consumer surplus = willingness to pay - price of the good
Consumer surplus for Matthew when the price is $175 = $180 - $175 = $5
Consumer surplus for Victoria when the price is $175 = 0
Total surplus = $5 + 0 = $5
Consumer surplus for Matthew when the price is $120 = $180 - $120 = $60
Consumer surplus for Victoria when the price is $120 = $120 - $120 = 0
Total surplus = $60 + 0 = $60
Increase in total surplus = $60 - $5 = $55
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Having money set aside for retirement is a common long-term financial goal. If your goal is to retire with at least $1 million, how long would it take—and how much would you need to invest each month—if your anticipated rate of return is 10%? At what age could you retire if you started investing at age 25?
ramsey classroom
Using present value formula, it will take a time of 40 years to have a future value of $1million
What age could one retire if he started saving at age of 25 years to have 1 million saved?To determine how long it would take to retire with at least $1 million and how much to invest each month, we need to use the present value formula, which can be rearranged as follows:
PV = PMT x [(1 - (1 + r/n)^(-nt)) / (r/n)]
where PV is the desired future value, PMT is the regular payment, r is the annual interest rate, n is the number of times interest is compounded per year, and t is the number of years.
If we plug in the given values, we get:
$1,000,000 = PMT x [(1 - (1 + 0.10/12)^(-12t)) / (0.10/12)]
Solving for PMT, we get:
PMT = $1,000,000 / [(1 - (1 + 0.10/12)^(-12t)) / (0.10/12)]
Using a financial calculator or spreadsheet, we can find that it would take approximately 38 years to reach $1 million if we invest $742.47 per month, assuming a 10% annual rate of return.
To determine at what age we could retire if we started investing at age 25, we can use the same formula and set PV equal to $1 million, PMT equal to $742.47, r equal to 10%, n equal to 12, and t equal to the number of years until retirement.
Assuming a retirement age of 65, we get:
$1,000,000 = $742.47 x [(1 - (1 + 0.10/12)^(-12t(65-25))) / (0.10/12)]
Solving for t, we get:
t = 40 years
Therefore, if we start investing at age 25, we could retire at age 65 and have at least $1 million if we invest $742.47 per month for 40 years with a 10% annual rate of return.
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how does a digital business manager increase the usage of intranet and extranet
Businesses are increasingly relying on intranets to deliver tools such as collaboration, scheduling, customer relationship management tools, and project management.
How can the internet intranet and extranet be used in the workplace?An intranet is a private, internal business network that allows your employees to share information, collaborate, and improve communication. An extranet allows your company to communicate and collaborate with selected business partners, suppliers, and customers more effectively.
How do businesses use extranets to manage information?einsteinerupload of. The software enables businesses to create a secure online environment for centrally sharing and storing information, saving time and allowing external users to access up-to-date and accurate information whenever they need it.
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What are the 3 primary Health Insurance
coverage areas?p
Answer:
life, health, long-term disability
Explanation:
The three main types of health insurance that the majority of financial professionals advise are life, health, auto , accident, and long-term disability.
HELPPPP
i need help with the base idea with this or whatever, help
One way to use your earning power to increase your total income is to take on additional jobs or side hustles.
What is jobs ?A job is a form of work or occupation, typically involving regular responsibilities and remuneration. Jobs are typically found in the public and private sector, with some positions requiring specialized skills or qualifications. Jobs can range from entry-level roles to professional positions, depending on the sector and the individual's experience and qualifications. Many people start their careers in entry-level positions and gradually progress to more senior roles over time. Working in a job can provide individuals with a sense of purpose, satisfaction, and financial security.
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What sport is part of both the ancient and modern Olympic games?
chariot racing
O
gymnastics
swimming
fencing
Answer: Fencing
Explanation:
The sport that is part of both the ancient and modern Olympic games is "fencing." Fencing has been part of the Olympic games since the first modern Olympics in 1896, and it was also included in the ancient Olympics as one of the five original sports.
Which of the following is the most accurate statement about a mentally impaired person's capacity to contract?
Multiple Choice
None of the parties to a contract can enforce the contract if, before they entered the contract, one of the parties was judged by a court (.e.,
adjudicated) to be mentally incompetent.
A person who suffers from a mental impairment can never have capacity to contract.
A person can disaffirm a contract if the other party to the contract suffers from a mental impairment.
A person with a mental impairment lacks the capacity to contract, even if the impairment does not affect their ability to understand and
evaluate the contract.
If a person has a mental impairment that deprives him of capacity at the time he enters into a contract, the person can never have capacity
to ratify the contract at a later time.
Correct answer is If a person has a mental impairment that deprives him of capacity at the time he enters into a contract, the person can never have capacity to ratify the contract at a later time.
Who are the mentally impaired?Being mentally handicapped refers to having any mental or psychological condition, including specific learning impairments, organic brain syndrome, developmental disabilities, and mental illnesses.
When a person's mind is damaged or not working properly, it is said that they have a mental impairment. A mental impairment, according to the policy, is a decline in mental capacity that requires close supervision in order to protect your safety and the protection of others.
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The work of both Herbert Simon "The Proverbs of Administration" shifts the approach to management from concerns with the structure to concerns with human behavior. What does this mean?
Herbert Simon's work "The Proverbs of Administration" shifts approach to management from focus on structural design to focus on human behavior.
What is management?Any organisation, including businesses, nonprofits, and political entities, can be controlled by management. To manage resources for a company effectively, art and science are needed. Management involves establishing the goals of an organisation and organising the efforts of its staff (or volunteers) to achieve those goals through the use of resources like money, the environment, technology, and people. In management, the terms "run the company" and "change the business" are used to distinguish between continuing to offer goods or services and tailoring the same goods or services to satisfy shifting customer needs. In addition to referring to the people in charge of a business, the term "management" can also be used to describe managers.
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Camille has started a photography business and is try8ng to decide between working toward mass ex0sure or a more exclusive appeal . she is thinnking about which of the 4p
Camille has launched a photography business and is debating whether to aim for widespread exposure or a more specialized audience. She is thinking about promotion.
Why do you call it "promotion"?The phrase "promotions" refers to the entire spectrum of activities carried out to educate people about a specific product, brand, or service. The goal is to pull in customers, raise consumer awareness, and convince them to pick this product over rivals. There are numerous variations of promotions.
What makes an exposure successful from a photographic standpoint?The right exposure has been employed if neither the highlights nor the shadows lose their detail. In other words, the exposure is what makes the most of the camera's sensor's ability to record as much information as it can from the scene, capturing detail in both the shadows and the highlights.
Whom does photography intend to appeal to?The majority of the markets consist of celebrations like weddings, anniversaries, graduations, parties, and professional events like conferences or award ceremonies. You may approach the subjects directly for this kind of work, or you could approach event planners like wedding planners, conference coordinators, or hotel managers.
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Creekside Corporation data is as follows: Selling price is $75 per unit; Variable expenses are $45 per unit (60% of sales), and contribution margin is $30 per unit (40% of sales). Fixed expenses are $75,000 per month and the company is selling 3,000 units per month.
a. The marketing manager believes that an $8,000 increase in the monthly advertising budget would increase monthly sales by $15,000. Should the advertising budget be increased?
According to the question of expenses, Yes, the advertising budget should be increased.
What is expenses?Expenses refer to the costs incurred by an individual or company in order to generate revenue and profit. Expenses can include a wide range of items, from the cost of raw materials used in production to rent, insurance, marketing, and other overhead costs. Expenses are typically divided into two categories: fixed expenses, which remain the same regardless of activity level, and variable expenses, which vary depending on the level of activity. Companies must carefully track and manage their expenses in order to maximize their profits.
This is because the increase in sales of $15,000 would result in an increase in contribution margin of $6,000 ($15,000 x 40%) which would exceed the additional advertising cost of $8,000. Therefore, the increase in advertising cost would result in a net increase of $2,000 in profits.
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which statement is prepared for only one date?
Answer:
The Balance Sheet is prepared at a particular date usually the end of the financial year, while the Profit and Loss account is prepared for a particular period.
using an IS-LM -BP model, describe the effects of currency devaluation and revaluation in an economy.
Currency devaluation is a deliberate downward adjustment of a currency's value relative to other currencies.
What is Currency devaluation?Currency devaluation is the intentional downward adjustment of a currency's value relative to other currencies.
When a currency is devalued, its purchasing power is weakened in comparison to other currencies. This makes exports from the devaluing country less expensive, while imports become more expensive. Devaluation is often seen as a tool to help stimulate a struggling economy.
Conversely, currency revaluation is an upward adjustment of the value of a currency relative to other currencies. Revaluation strengthens the purchasing power of a currency relative to other currencies, making exports more expensive and imports less expensive. Revaluation is often used to address inflationary pressures in an economy.
In an IS-LM-BP model, currency devaluation and revaluation can have a variety of effects. In the IS curve, currency devaluation will shift the curve to the right, as it increases net exports and therefore increases aggregate demand. This increases output and reduces unemployment, stimulating the economy. Conversely, currency revaluation will shift the IS curve to the left, decreasing aggregate demand and output.
In the LM curve, currency devaluation will shift the curve to the left, as it reduces the amount of money needed to purchase a given amount of output. This increases the money supply
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Priya is in charge of a building site, overseeing all the workers who are building a new elementary school. She receives deliveries of lumber and other supplies, and she makes sure that the work matches or exceeds the standards in state and local building codes. What is Priya’s job title MOST likely to be?
A.
General contractor
B.
Surveyor
C.
Architect
D.
Engineer
The correct answer is Priya's job title is MOST likely to be option A, a general contractor.A general contractor is responsible for overseeing and managing construction projects from start to finish.
They work with architects, engineers, and other professionals to ensure that projects are completed on time, within budget, and meet all necessary building codes and regulations.In Priya's case, she is overseeing the construction of a new elementary school and ensuring that the work meets the standards set by state and local building codes. This role requires a broad knowledge of construction and building practices, as well as strong project management and leadership skills.Option B, surveyor, is unlikely as their role is to measure and map out land boundaries and topography, and provide data to architects and engineers.
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With EA releasing a FIFA game every year, the company's
may look quite different from other games or industries.
This is true with the With EA releasing a FIFA game every year
What would happen as the EA releases games yearly?Yes, EA's approach to releasing a new FIFA game every year is quite unique and different from other games or industries. Most other games are typically released on a less frequent basis, often taking several years to develop and release a new title.
EA's strategy of releasing a new FIFA game every year is driven by a few key factors. Firstly, the game is based on real-world football, which is a constantly evolving sport. New players are added to teams, tactics change, and leagues are restructured. By releasing a new game every year, EA is able to keep up with these changes and provide players with the most up-to-date experience possible.
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Question
True / false. With EA releasing a FIFA game every year, the company's
may look quite different from other games or industries.
Identify the major advantages of automated materials handling systems versus manual or nonautomated systems.
Automated materials handling systems offer several advantages over the manual or non-automated systems, including Increased efficiency, Improved safety, higher throughput and better inventory control.
What is efficiency?Efficiency refers to the ability to achieve maximum output with minimum input, thereby minimizing waste and maximizing productivity. It is a measure of how well resources are utilized to achieve a specific goal. In the context of business, efficiency can be applied to various areas, such as production, logistics, and customer service. Improving efficiency can lead to increased profits, reduced costs, and improved customer satisfaction. Various techniques can be used to improve efficiency, such as automation, streamlining processes, and improving communication and collaboration between team members. Ultimately, achieving high efficiency requires a focus on continuous improvement and a willingness to adapt to changing circumstances and new technologies.
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Jill is a warehouse clerk at a big-box appliance store. Which step should Jill take first if she wants to transition into a management position?
Answer:
Jill should first research and understand the job requirements and responsibilities of a management position in the company. This will allow her to identify any gaps in her skills or knowledge that need to be addressed in order to be considered for a management role. She can also speak with current managers in the company to gain insights into their experiences and how they prepared for their positions
Answer:
Jill should look for opportunities to be promoted.
Explanation:
Gaining a promotion gives you the opportunity to take on a more significant job within your organization, earn a larger income, and feel more accomplished. You must perform well at work in order to get your supervisors' attention and improve your career inside your firm. While performance, experience, and abilities are frequently needed for a job promotion in many industries, you can go above and beyond to improve your chances of getting the job you want.
The Resource Based View (RBV) of the firm is a strategic management theory that explains the differences in firm’s prosperity and exposes the resource requirements that underlie competitive advantage. With the help of a diagram, discuss the main Postulates of RBV of the firm and the challenges they raise for organizations.
The Resource-Based View (RBV) is a collection of theories that contends businesses can create a competitive edge by utilizing internal resources that are valuable, uncommon, uncopyable, and structured for value capture.
What does "resource-based perspective" in strategic management (RBV) mean?According to the resource-based view (RBV), a company's capacity to preserve a competitive edge rests on its access to valuable, unusual, distinctive, and irreplaceable resources (Barney, 1991). The effectiveness and competitiveness of businesses in the marketplace are influenced by their capacity to develop or acquire these resources.
What role, in terms of the resource-based view (RBV), do resources and capabilities have in a company's ability to obtain a competitive advantage?In accordance with the resource-based theory of competitive advantage, innovations gain a long-term competitive advantage by accumulating and utilizing resources to satisfy customer requirements in ways that are difficult to duplicate or replace. It asserts that variables other than the innovation itself determine whether an invention is successful.
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Executive Summary Transaction Overview Davis Industries Corporation ("Davis Industries" Or The "Company"
Fill out the grey columns
The amounts shown in gray columns are as follows: 64.1, 21.2, and 126.0 make up the total of 211.3.
Why is it referred to as an executive summary?The report's most important points should be summarized in an executive summary. It ought to repeat the reason for the report, feature the significant marks of the report, and portray any outcomes, ends, or proposals from the report.
They are referred to as executive summaries because their intended audience is the busy executive who may be required to make decisions regarding funding, personnel, or policy based on project findings or recommendations. By using market research, project examples, independent data, testimonials, etc., but not generalizing or expressing opinions, The reader may be misled. Keep your audience from coming to an unintended conclusion or recommendation. Concentrate on the facts.
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which did not explain the theories of idealism A, human beings believed peace & harmony B, depicts optimism C, depicts pessimism D, war is not the means to solve conflicts
"War is not the means to solve conflicts" does not explain the theories of idealism.
Therefore, Option C is the correct option.
What is Theory of Idealism?Theories of idealism are philosophical ideas that emphasize the importance of ideas, values, and consciousness in shaping human experience and understanding of the world. While they may be related to beliefs about peace and harmony, they do not necessarily explain them.
Optimism and pessimism are attitudes or perspectives that reflect positive or negative expectations about the future, respectively. While idealism may be related to optimism, it does not necessarily depict it, nor does it necessarily depict pessimism.
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Ethiopia's incomes and expenditures are as follows (in billion bire) in 2009
Wages
at what approach 100
Social security contributions
7
Interest income
5
Personal taxes
20
Consumption expenditure by households
60
Government purchases of goods and services
150
50
Transfer payments
100
Corporate profit
30
Investment expenditures by business
20
Corporate Income taxes
50
Indirect business taxes
Undistributed corporate profit
90
Consumption of fixed capital( depreciation)
40
Non income charges
65
Expenditures by foreigners
25
Net foreign factor income earned domestically
25
a. Using expenditure approach, what is GDP?
The GDP of Ethiopia using the expenditure approach in 2009 was 205 billion bire.
What is Ethiopia's GDP?By adding up all of the expenditures on finished goods and services produced domestically, we may compute the GDP using the expenditure method. The following formula is used to determine GDP when utilizing the spending method:
GDP = C + I + G + (X - M)
where:
C = Consumption expenditure by households
I = Investment expenditures by business
G = Government purchases of goods and services
X = Expenditures by foreigners on domestically produced goods and services
M = Expenditures by domestic residents on foreign-produced goods and services
Using the given values for Ethiopia's incomes and expenditures in 2009, we can further input the values to calculate the GDP as;
GDP = C + I + G + (X - M)
= 60 + 20 + 150 + (25 - 25)
= 205 billion bire
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1. Which of the following is an example of
entrepreneurship?
A Jim is a salesperson for a large
electronics company.
B Jane is a door-to-door salesperson for a vacuum company.
C Janet runs a home restaurant business.
Answer: A. Jim is a salesperson for a large electronics company
2.3. Motivate how E-businesses benefit the entrepreneur?
Answer:
E-businesses, or businesses that conduct their operations online, can provide a wide range of benefits for entrepreneurs. Here are some of the ways e-businesses can benefit entrepreneurs:
Increased reach: By operating online, e-businesses can reach customers and clients from all over the world. This can significantly expand the potential customer base for entrepreneurs, giving them access to markets that may have been previously out of reach.
Lower overhead costs: E-businesses often have lower overhead costs compared to traditional brick-and-mortar businesses. Rent, utilities, and other expenses associated with physical storefronts can be significantly reduced or eliminated altogether with an e-business.
Greater flexibility: E-businesses can often be operated from anywhere with an internet connection, providing entrepreneurs with greater flexibility and freedom to work on their own terms.
Improved customer targeting: E-businesses can use data analytics and other tools to better understand and target their ideal customers. This can lead to more effective marketing campaigns and higher conversion rates.
Streamlined operations: E-businesses can automate many of their operations, such as inventory management and payment processing, reducing the need for manual labor and improving efficiency.
Overall, e-businesses can provide entrepreneurs with a range of benefits that can help them grow and succeed in today's digital age. By leveraging the power of the internet, entrepreneurs can expand their reach, reduce costs, and improve their operations, ultimately leading to greater success and profitability.
Explanation:
E-businesses, or companies that operate online, can offer a variety of advantages to business owners.
What are some of the ways e-businesses can benefit entrepreneurs?Reduced overhead expenses: When compared to conventional brick-and-mortar enterprises, e-businesses frequently have fewer overhead expenses. With an e-business, rent, utilities, and other costs related to physical storefronts can be drastically lowered or even eliminated.
More flexibility: E-businesses may frequently be run from any location with an internet connection, giving entrepreneurs more freedom and flexibility to work as they see fit.
Data analytics and other tools can be used by e-businesses to better understand and target their ideal clients. Higher conversion rates and more successful marketing strategies may result from this.
Streamlined operations: E-businesses may automate many of their processes, including payment processing and inventory management, which saves time and increases productivity.
Thus, E-businesses, or companies that operate online.
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2. Your firm invested $2,506,900 in 230-day commercial paper today. At the end of the investment period (in 230 days) the firm will receive $2,596,100.
a. What is the 230-day holding period rate of return on the investment?
b. How many 230-day periods are there in one year?
c. What is the annual percentage rate APR earned on the investment? d. What is the effective annual rate (EAR)?
a. The 230-day holding period rate of return on the investment is 3.66%. This is calculated by subtracting the initial investment ($2,506,900) from the return on the investment ($2,596,100), and then dividing by the initial investment ($2,506,900).
What is initial investment?Initial investment is the amount of money that is required to launch a business or other venture. It is often used to cover the cost of purchasing or leasing equipment, hiring staff, and obtaining materials for production. In addition, it is also used to cover the cost of marketing and advertising, as well as other expenses related to starting a business.
b. There are approximately 1.6 230-day periods in one year. To calculate this, divide 365 (the number of days in one year) by 230 (the number of days in the holding period).
c. The annual percentage rate (APR) earned on the investment is 5.86%. This is calculated by taking the 230-day holding period rate of return (3.66%) and multiplying it by the number of 230-day periods in one year (1.6).
d. The effective annual rate (EAR) for the investment is 6.08%. This is calculated by taking the APR (5.86%) and adjusting it for compounding.
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. This question relates to a small, open economy with fixed prices and a fixed exchange rate. The rate of interest in the rest of the world (1*) is 5% (Important: for your calculations use i*=5 not 0.05!), the exchange rate (E) is to be fixed at E=2 and the price level is p=1.. The IS- carve of this small, open economy is described by the function Y=100-i+2.5E, the LM curve is described by Y=2M/P+2i. a) Calculate the end dogenous nominal money supply.
In the given problem, the endogenous nominal money supply for this small, open economy is 48.75 - (i/2).
How to Calculate the Endogenous Nominal Money Supply?To calculate the endogenous nominal money supply, we need to use the LM curve equation and the given values for output (Y), price level (P), and interest rate (i).
From the LM curve equation:
Y = (2M/P) + 2i
We can rearrange it to solve for the nominal money supply (M):
M = (Y - 2i) * (P/2)
Substituting the given values for the price level (P=1) and the interest rate in the rest of the world (i*=5), we get:
M = (Y - 2i) * (P/2)
= (100 - i + 2.5E - 2i*) * (1/2)
= (100 - i + 2.5E - 2(5)) * (1/2)
= (100 - i + 2.5(2) - 10) * (1/2)
= (97.5 - i) * (1/2)
= 48.75 - (i/2)
Therefore, the endogenous nominal money supply for this small, open economy is 48.75 - (i/2). Note that the interest rate (i) used in the calculation is not the same as the interest rate in the rest of the world (i*=5).
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Cost of Quality Report
A quality control activity analysis indicated the following four activity costs of a hotel:
Inspecting cleanliness of rooms $41,600
Processing lost customer reservations 20,800
Rework incorrectly prepared room service meal 62,400
Employee training 83,200
Total $208,000
Sales are $1,300,000. Prepare a cost of quality report. Round percent of sales to one decimal place.
A Cost of Quality Report is a tool that identifies and analyzes the costs associated with producing goods or services with a focus on improving quality and reducing waste.
According to the given data:Prevention Costs (Employee Training) = $83,200
Appraisal Costs (Inspecting Cleanliness of Rooms) = $41,600
Internal Failure Costs (Rework of Room Service Meal) = $62,400
External Failure Costs (Processing Lost Reservations) = $20,800
Total Quality Costs = $208,000
Quality Cost as a percentage of Sales = Total Quality Costs / Sales * 100 = 16% (rounded to one decimal place)
What is the work of cost of Quality Report?The Cost of Quality Report helps organizations to identify the costs associated with producing products or services of acceptable quality, as well as those associated with poor quality, and to make informed decisions about quality improvement efforts. It can also be used to evaluate the effectiveness of quality control measures and to determine whether they are yielding the desired results.
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ECONOMICS PLEASE HELP
Economics is a social science that examines how products and services are produced, distributed, and consumed as well as the decisions that people, corporations, governments, and nations make when allocating resources.
What serves as economics' support?
Those who study economics are better able to comprehend their surroundings. It makes it possible for individuals to comprehend other people, organisations, markets, and governments, enabling them to better react to the challenges and possibilities that arise when circumstances change. Economics is the study of scarcity and how it affects how resources are used, how commodities and services are produced, how production and welfare increase over time, and a wide range of other complicated concerns that are extremely important to society.
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A bakery sells $31,000 worth of baked goods in a month. At the beginning of the month they purchased $3,000 worth of ingredients. After that they they pay their 6 workers $1,500 each. They pay $2,600 for rent, and $400 for utilities.
Without factoring in taxes, what is the bakery's profit for the month?
$31,000
$46,000
$16,000
$23,500
To calculate the bakery's profit, we need to subtract all of their expenses from their revenue.
Revenue = $31,000
Expenses:
Cost of ingredients = $3,000
Wages for 6 workers = 6 x $1,500 = $9,000
Rent = $2,600
Utilities = $400
Total Expenses = $3,000 + $9,000 + $2,600 + $400 = $15,000
Profit = Revenue - Expenses = $31,000 - $15,000 = $16,000
Therefore, the bakery's profit for the month is $16,000.