employers must pay whichever rate is higher – the federal or state

wage

True

False

The statement that states may enact their own minimum wage rates, in which case employers must pay whichever rate is higher – the **federal** or state wage is TRUE.

What is minimum wage? Minimum wage is the lowest salary rate that an employer may pay their employees. The United States federal **government** and a large number of state governments have minimum wage laws. In most cases, employers must pay their employees the highest minimum wage that is required by federal, state, or local law.A state may establish its own minimum wage, which might be more than the federal minimum wage. In such cases, employers in that state must comply with the state's minimum wage laws. It is important to remember that the federal minimum wage only applies to companies involved in interstate commerce or producing **goods** for it. Employers who are not covered by the Fair Labor Standards Act (FLSA) may not have to pay the federal minimum wage.What are the states with their own minimum **wage **rates? The following is a list of states with their minimum wage rates (as of January 1, 2021) which are higher than the federal minimum wage:Alaska: $10.34 an hour Arizona: $12.15 an hour Arkansas: $11.00 an hour California: $14.00 an hour (for companies with 26 or more employees) and $13.00 an hour (for companies with 25 or fewer employees) Colorado: $12.32 an hour Connecticut: $13.00 an hour Florida: $8.65 an hour Hawaii: $10.10 an hourIllinois: $11.00 an hour Maine: $12.15 an hour Maryland: $11.75 an hour Massachusetts: $13.50 an hour Michigan: $9.87 an hour Minnesota: $10.08 an hour Missouri: $10.30 an hour Montana: $8.75 an hour Nevada: $9.00 an hour (if not offered health insurance) and $8.00 an hour (if offered health insurance)New Jersey: $12.00 an hour New Mexico: $10.50 an hour New York: $12.50 an hour (for Long Island and West chester County) and $11.80 an hour (for the remainder of the state)Ohio: $8.80 an hour Oregon: $12.00 an hour (for non-urban areas), $13.25 an hour (for Portland Metro), and $11.50 an hour (for **urban areas**)Rhode Island: $11.50 an hour South Dakota: $9.45 an hour Vermont: $11.75 an hour Virginia: $9.50 an hour Washington: $13.69 an hour (in the Seattle Metro area), $13.50 an hour (in Snohomish County), $13.69 an hour (in King County), and $13.50 an hour (in the rest of the state).West Virginia: $8.75 an hour Wisconsin: $7.25 an hour (with no federal minimum wage increase)The above list of states and their minimum wage rates is current as of January 2021. Keep in mind that minimum wage rates are subject to change at any time, therefore it is important to be aware of the most recent laws.

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A random sample of 10 observations was drawn from a large normally distributed population. The data is below. 17 24 20 17 25 19 25 26 27 24 Test to determine if we can infer at the 8% signif

To test whether we can infer at the 8% significance level, we can perform a **hypothesis **test. We will assume the null hypothesis that the population mean is equal to a specified value, and the alternative hypothesis that the **population **mean is not equal to that value.

Since the sample size is small (n = 10) and the population standard deviation is unknown, we will use a t-test. Using the given data, we calculate the sample mean as 22.4 and the sample **standard deviation** as 3.921. With a significance level of 8%, we need to determine whether the sample mean is significantly different from the specified value. Next, we calculate the t-statistic using the formula: t = (sample **mean **- specified value) / (sample standard deviation / sqrt(n)). Plugging in the values, we get t = (22.4 - specified value) / (3.921 / sqrt(10)). Finally, we compare the calculated t-statistic with the critical t-value corresponding to the degrees of freedom (n-1) and the desired significance level (8%). If the calculated t-statistic exceeds the critical t-value, we reject the null hypothesis and conclude that we can infer at the 8% significance level. Otherwise, we fail to reject the null **hypothesis**. Without the specified value or any other relevant information, it is not possible to provide a definitive answer to whether we can infer at the 8% significance level. The calculation and determination of **statistical **significance depend on the specified value and the critical t-value associated with the degrees of freedom and significance level.

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#4. A swimsuit retailer has to decide an order amount to prepare for the coming summer season. Expected demand of swimsuits and its probability is known as below. (15 pt) demand Probability 9,000 25%

The probability of 25% means that there is a 25% chance that the demand will be 9,000 units.So, to decide on the order amount, the retailer can use the expected demand and the **probability**. For example, if the retailer wants to be 90% sure that they meet the demand, they can use the formula:Order amount = expected demand + Z * sqrt(expected demand * (1 - probability) / confidence level)Where Z is the z-score for the confidence level, sqrt is the square root function, and confidence level is the desired confidence level in decimal form.

A swimsuit retailer has to decide an order amount to prepare for the coming summer season. The expected demand of swimsuits and its probability is known as below. demand Probability 9,000 25%Given that the expected demand of swimsuits and its probability is known, the retailer can use this **information **to decide on the order amount and prepare for the coming **summer **season. The probability of 25% means that there is a 25% chance that the demand will be 9,000 units.So, to decide on the order amount, the retailer can use the expected demand and the probability. For example, if the retailer wants to be 90% sure that they meet the demand, they can use the formula:Order amount = expected demand + Z * sqrt(expected demand * (1 - probability) / **confidence **level)Where Z is the z-score for the confidence level, sqrt is the square root function, and confidence level is the desired confidence level in decimal form. For a 90% confidence level, Z is approximately 1.645.So, the order amount would be:Order amount = 9,000 + 1.645 * sqrt(9,000 * (1 - 0.25) / 0.9) = 9,986.43, which is rounded up to 10,000 units.To prepare for the coming summer season, the swimsuit retailer can place an order for 10,000 units.

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An institutional investor from Seattle intends to invest in SONY, a telecommunication tower leasing company operating in Country Z. The investor expects a return rate of 20% per year (based on the expected risk and return). SONY always pays dividends to its shareholders. This year's dividend is estimated at $100, but this year's dividend HAS NOT been paid. Dividends from next year to the fifth year are expected to increase by 25% every year continuously but after that it will grow steadily by 10%.

Instructions :

a) Please calculate the intrinsic value of SONY.

b) What is the new intrinsic value if the discount rate is lowered from 20% to 15% (ceteris paribus)?

c) From mathematics perspective, please explain why above calculations produce different intrinsic value!

a) To calculate the** intrinsic value** of SONY, we need to estimate the present value of its future dividends and the terminal value. Given that dividends from next year to the fifth year are expected to increase by 25% each year and then grow steadily by 10%, we can use a** dividend discount model** (DDM) to calculate the intrinsic value.

Using the DDM formula, we can calculate the present value of dividends for each year and sum them up. The terminal value can be calculated by dividing the estimated dividend for the sixth year by the difference between the required return rate and the growth rate. Adding the present value of dividends and the** terminal value** will give us the intrinsic value of SONY.

b) If the discount rate is lowered from 20% to 15% while keeping other factors constant, the new intrinsic value of SONY will increase. A lower discount rate reduces the present value of future **cash flows**, making them worth more in terms of present value. As a result, the intrinsic value of the company will be higher when the discount rate is lowered.

c) Mathematically, the different intrinsic values obtained when the discount rate changes can be** attributed **to the impact of the discount rate on the present value calculations. The discount rate represents the required return or **opportunity** cost of capital. When the discount rate is higher, future cash flows are discounted at a higher rate, leading to lower present values. Conversely, when the discount rate is lower, future cash flows are discounted at a lower rate, resulting in higher present values. Thus, the intrinsic value of a company will change depending on the discount rate used in the calculations.

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10. What is the presentation treatment of contingent liabilities: (Баллов: 1) If a contingent liability is probable entries should be made A contingent liability is disclosed as a note to the ac

The presentation treatment of **contingent liabilities** depends on their probability and potential impact on the** financial statements. **

If a contingent liability is considered probable, meaning it is likely to occur, it should be recorded through appropriate journal entries in the financial statements. This ensures that the liability is reflected in the company's** financial position and results.** On the other hand, if a contingent liability is only reasonably possible or remote, it is not recorded in the financial statements but is disclosed as a note in the accompanying footnotes. This **provides transparency** to the readers of the financial statements about the potential risks and uncertainties faced by the company. It is important for companies to accurately assess and disclose contingent liabilities to provide stakeholders with a comprehensive view of their financial condition.

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Question 1

What is the quickest and easiest method that might increase

profit. It may not work, but you can implement it overnight.

Group of answer choices

reduce fixed costs

get more customers

reduce

The quickest and easiest method that might increase **profit **is increasing prices. For that reason, the correct option is the last.

**Increasing prices** (last option) may not always work but you can implement it overnight to check its impact. Below are some explanations regarding this method to increase profit. Basically, the process to increase profit is by increasing pricesIn any business, accounting plays a significant role in the economic trade of the country.

A company's accounting department manages the overall **financial **activities of a business and generates reports that help in decision-making.

The department uses different **accounting **methods to prepare financial statements, such as income statement, balance sheet, and cash flow statement.

These statements reflect the profit and loss situation of the **business**. If a business wants to increase its profit, one way is to increase prices of their products. However, increasing prices should be done after conducting market research to determine if consumers would pay the higher price.

Increase prices would only lead to an increase in profit if **demand **remains constant or demand increases more than proportionately to the price increase. On the other hand, if demand decreases more than proportionately to the price increase, then the business may experience a loss.

Thus, the decision to increase prices should be based on the **judgment **of the accounting department and other relevant factors that can impact the business.Adapt to demand and economic changesA business should always be adaptable to the economic changes that can affect their products.

Accounting departments should keep track of any **errors **or lapses in the financial activities and reporting. If the company's products demand a price increase due to the change in demand or economy, then increasing prices may be the right step to take.

Therefore, the decision to increase prices is not always **straightforward **and may require a lot of research and analysis to make an informed decision.

In conclusion, increasing prices may be the **quickest **and easiest method that could increase profit overnight, but it may not always work. It should be a well-thought-out decision that must be taken with the judgment of accounting departments, and other relevant factors that could impact the business.

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for a monopolist, if price is above average total cost, the monopolist is

If the price is above the average total cost, the **monopolist** is making a **profit**. This is a common occurrence for monopolists as they have the ability to set prices due to their control over the **market**.

A monopolist is a single seller who controls the supply of a particular good or service in a market. If the price is above average total cost, it means that the monopolist is making a profit. The average total cost is the total cost of producing a good or service divided by the quantity produced. This means that the monopolist is selling their product at a higher price than it costs to produce it. This is a common practice for monopolists as they have the ability to set prices as they wish due to their control over the market.

In conclusion, However, if the price is below the average total cost, the monopolist may be losing money and may need to re-evaluate their pricing strategy.

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Topic : Pharmaceuticals Industry

Malaysia’s achievements in technology and research development are less impressive than its nearest neighbor, Singapore which has been among the top ten most innovative economies consistently for the past 14 years in the Global Innovation Index. Meanwhile its other neighbor, Thailand has managed to retain its position as the number one automobile manufacturer in Southeast Asia. Thailand also continues to experience positive change not only in its automotive industry but also in electronics and frozen food industries with local and foreign firms are very committed in strengthening their technological capabilities. Suffice to say that that Malaysia has experienced limited success in expanding its technological and innovative capabilities of its local industries.

QUESTIONS:

Why are Singapore and Thailand more successful in technology and research development than Malaysia? (Not less than 500 words, Cite the reference - Include a literature review on industrial policies that are related to the chosen industry. , Compile and analyze relevant microeconomic data of each firm (firm-level data) and macro-economic data (industry and country-level) over a certain period.)

The pharmaceuticals **industry **of Malaysia has experienced limited success in expanding its **technological **and innovative capabilities of its local industries.

This statement brings up the question of why Singapore and Thailand have been more successful in technology and **research **development than Malaysia ? Reference Industrial policies are a government's strategies to influence the economy's production, consumption, and distribution patterns. **Governments**, through their industrial policies, can help their countries achieve higher levels of industrialization by providing incentives or removing obstacles that impede economic growth. The policies related to the pharmaceuticals **industry **in Malaysia include tax incentives and funding for research and development (R&D).Malaysia is trying to attract more foreign direct investment (FDI) in R&D to boost its research capabilities. It has also established a Biotechnology **Corporation **(Biotech Corp) to assist in the development of the biotechnology sector and has provided funding for R&D in the industry. Additionally, the government is putting in place regulatory frameworks that will improve the efficiency and competitiveness of the industry. Such measures include the implementation of Good Manufacturing Practices (GMP) and stringent quality control measures. Industrial policies have not been able to help Malaysia achieve its technological and innovative goals. Data analysis Malaysia's pharmaceuticals industry has experienced limited success in expanding its technological and innovative capabilities. Thailand and Singapore have been more successful in technology and research development than Malaysia.

Thailand continues to experience positive change not only in its automotive industry but also in electronics and frozen food industries. Thailand's success is attributed to its good infrastructure, low wages, and investor-friendly government policies. Singapore, on the other hand, has been among the top ten most innovative economies consistently for the past 14 years in the Global Innovation Index. Singapore has invested heavily in R&D and has a highly skilled **workforce**. The country has also been able to attract FDI in R&D and other high-value industries. The data shows that Singapore's pharmaceuticals industry has achieved significant success, with pharmaceutical exports increasing from US$4.7 billion in 2000 to US$13.5 billion in 2019. In contrast, Malaysia's pharmaceutical exports have only increased from US$170 million in 2000 to US$1.15 billion in 2019.Malaysia's pharmaceuticals industry has experienced limited success in expanding its technological and innovative capabilities, while Singapore and Thailand have been more successful in technology and research development. Singapore has invested heavily in R&D, and Thailand has good infrastructure, low wages, and investor-friendly government policies. These countries' success highlights the importance of government policies in attracting foreign investment and promoting R&D.

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list and describe indicators/behaviors of emotional intelligence

from the following EI domains ;Self management and Social

awareness.Concider how we can observe leadership competencies

related to emot

**Emotional intelligence** (EI) indicators/behaviors can be observed in the domains of self-management and social awareness. Self-management indicators include self-control, adaptability, and achievement orientation, while social awareness indicators include **empathy**, organizational awareness, and service orientation.

In the domain of self-management, indicators of emotional intelligence include self-control, which refers to the ability to manage one's emotions and impulses effectively. This can be observed when a leader remains calm and composed in stressful situations, demonstrating emotional stability and the ability to make **rational** **decisions**.

**Adaptability** is another indicator of self-management in emotional intelligence. Leaders who are adaptable can adjust their approach and behaviors based on changing circumstances. They are open to new ideas, flexible in their thinking, and able to navigate transitions and challenges with ease.

**Achievement** **orientation** is also a key indicator in the self-management domain. Leaders who possess this competency are driven by a desire to achieve goals and continually improve. They set high standards for themselves and their teams, demonstrate perseverance, and take initiative to overcome obstacles and accomplish objectives.

In the domain of social awareness, empathy is a critical indicator of emotional intelligence in leadership. **Empathetic** **leaders** are able to understand and relate to the emotions and experiences of others. They actively listen, show understanding, and consider the perspectives and feelings of individuals and groups when making decisions.

Lastly, **service** **orientation** is an important indicator of emotional intelligence in leadership. Leaders with service orientation prioritize the needs and well-being of others. They actively seek to support and assist their team members, customers, and stakeholders, demonstrating a genuine commitment to serving others.

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if two restaurant managers disagreed about which restaurant should get additional funds to pay for extra staff on the restaurant floor, what would be the source of their conflict?

The source of their conflict is most likely due to** limited resources** that need to be allocated to only one restaurant.

When two r**estaurant managers** have a disagreement about which restaurant should get extra funds to pay for additional staff on the restaurant floor, the source of their **conflict** would most likely be because of limited resources that need to be allocated to only one restaurant. For example, if there is only a certain amount of money available to hire additional staff, then both managers may argue and give reasons why their restaurant needs the funds more than the other. They could argue that their restaurant is the busiest and therefore needs the additional staff more, or that their staff is overworked and needs more help. In most cases, both managers would argue in favor of their own restaurant, as both restaurants have a vested interest in getting** the additional funds**.

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A government has a budget deficit when: Select one: or to transfers are less than your collections or b. Expenses are the same as your receipts or c. Expenses are greater than your income or d. Expenses are less than your receipts f on The main purpose of the statement of cash flows is to present Select one: or to the increase or decrease in a company's cash over a period of time or b. analyze the income and expenses of the company or the financing transactions of a company or d. investment transactions of a company arises when a single firm offers a good or service to the entire market at a Neubne She) lower cost than several companies would have. Select one: or to oligopoly or b. perfect competition or c. natural monopoly or d. monopoly

Expenses are greater than your income.The government has a **budget **deficit when its expenses exceed its** income.**

In other words, the **government** is spending more than it is collecting in revenue. This results in a shortfall or deficit, which typically needs to be financed through borrowing or other means.

The main purpose of the statement of cash flows is to present the increase or decrease in a company's cash over a** period of time.**

The statement of cash flows is a financial statement that provides information about the cash inflows and outflows of a company during a specific period.

It categorizes cash flows into operating activities, investing activities, and **financing activities**, allowing** stakeholders** to understand how cash is generated and used within the business. The statement of cash flows is important for assessing a company's liquidity, cash flow management, and **financial health.**

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what is the single ethical issue that is—or should be—of broadest concern among health institution employees? that is, which one concern affects more employees than any other?

The single** ethical issue **that is of broadest concern among health institution employees is the issue of patient confidentiality. This concern affects a wide range of employees, including doctors, nurses, administrative staff, and other healthcare professionals.

Patient confidentiality is a critical aspect of **healthcare **ethics and is essential for building trust between patients and healthcare providers. Healthcare employees have access to sensitive patient information, and they must ensure that this information is not shared with unauthorized individuals. Violating patient confidentiality can have serious consequences, including legal action, loss of trust, and damage to the** reputation** of the healthcare institution. Therefore, healthcare employees must be trained and educated on the importance of patient confidentiality and the steps that must be taken to protect patient privacy.

In conclusion, patient **confidentiality** is the single ethical issue that is of broadest concern among health institution employees, and it should be a top priority for all healthcare institutions.

The single ethical issue that should be of broadest concern among health institution employees is maintaining patient confidentiality. This issue affects more employees than any other because it involves all levels of staff, from administrative personnel to medical professionals, and is crucial for maintaining trust and** privacy** in the healthcare setting.By prioritizing patient confidentiality, health institution employees can provide the highest level of care while respecting the privacy and trust of their patients.

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Which of the following is not true for the FOQ Gradual Replenishment Model?

Group of answer choices

Annual demand is constant.

No shortage in order quantities is allowed.

Delivery lead time is independent of the order quantity and equals zero.

Order quantity for each order is constant.

Demand rate is always less than production rate.

The statement "Demand rate is always less than production rate" is not true for the** FOQ **Gradual Replenishment Model.

In this model, the annual demand is assumed to be** constan**t, and no shortage in order quantities is allowed. Additionally, the delivery lead time is independent of the order quantity and is equal to zero. However, the order quantity for each order is not necessarily constant, as it is** determined **by the inventory level and the production rate. Moreover, the demand rate can be higher or lower than the production rate, depending on the inventory level and the replenishment policy. Therefore, the FOQ Gradual **Replenishment** Model does not assume that the demand rate is always less than the** production **rate.

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what is the international environmental treaties designed to

address the problem of environmental crime worldwide?

International** environmental treaties** are designed to address the problem of environmental crime worldwide by creating legal frameworks, reporting mechanisms, and raising awareness.

**Environmental **crimes are a broad concept that refers to an array of activities that breach environmental regulations. The primary goal of environmental crime is to achieve economic gains for the offender, often at the cost of the environment.

The issue of environmental crime is widespread globally. To address the problem, international environmental treaties have been developed. International environmental treaties refer to international agreements, protocols, and conventions that are designed to combat environmental crimes.

International environmental treaties address the problem of environmental crime in several ways, including

In conclusion, the international environmental treaties are designed to address the problem of environmental crime worldwide. The treaties create legal frameworks, and reporting mechanisms, and raise awareness to combat environmental crimes.

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Original question (no additional info):

From the previous rounds: Your coal plant capacity is 600 MW, nuclear plant 1000 MW, and wind plant 1000 MW. You have learned to bid the nuclear plant at -500.00 EUR/MWh and wind plant at 0.00 EUR/MWh. For the coal plant we take the earlier variable cost and add the CO2 cost, we round it so that your bid is 100.00 EUR/MWh. Your weighted average cost of capital, WACC, is 6.1 %.

Input all answers as instructed. To help with digits (decimal points), take the numbers given in the question text or the sources exactly as they are, and do all the other rounding only at the last step. Two digits = two digits after the decimal point. There is an extra verification step in the answers so that you can see how the system interprets your answers before submitting.

a) Market equilibrium. In this market, the demand is fluctuating between two levels, low demand and high demand. The demand curve is given by the following equation P=a−bQ. In the low period, a=3650 and in the high period, a=4450. The slope is always the same b=2. The supply curve is given by your supply, i.e. the bid levels and capacities in Source 1 above. (You could think of this as a residual demand, i.e. actual demand reduced with other supply.) We assume that all plants are available at full capacity throughout (it's very windy!).

You can calculate the correct answers, but here you can also find the correct answer by drawing the supply and demand curves. (It may be useful to visualize in any case, the supply should look almost the same as in the lecture video on storage, you just have nuclear in addition.)

Market price with the low demand in EUR/MWh ................

Market price with the high demand in EUR/MWh ................

b) Efficient storage.Your boss has heard about the possibility of battery storage coming and asks you about the potential implications to the market. You promise to make a simple calculation: What would be the minimum capacity of storage that evens out the prices and where would the prices end up to be, i.e. makes the prices in both demand levels equal? It is enough to consider only the capacity in MWh that stores energy from one period to the other. No need to get technical, do not worry about how quickly the storage can be charged or discharged, nor about the losses i.e. the efficiency of the charge/discharge cycle etc.

For the new market equilibrium price, you may need to do a light calculation or draw carefully near the new equilibrium, but no need to do optimizations. Two tips: 1) use the fact that the storage buys from the low demand and sells an equal amount to the high demand period, as we ignore losses, 2) both of these answers are integer numbers.

The efficient storage size in MWh is ................

The new market price in EUR/MWh is ................

c) Levelized cost for storage. Now instead of the free storage above, you are asked to consider the private economics of a storage investment. You call your buddy Elon Musk for advice and hear that the current cost is 132 EUR per invested kWh of storage capacity (roughly the real price for a battery pack, ignores system costs).

As a first step calculate the annuity payments from investing a 1 MWh unit of storage (e.g. using the example from Lecture 8 or in Excel function PMT or in R package FinCal or by hand). You need three values: 1) interest rate, this is the WACC from above, 2) the number of periods, this you can assume to be 10 years, 3) the present value of the asset, this is the current investment cost from Mr. Musk. The result is cash payments in EUR/invested kWh/year. As you are investing 1 MWh, so multiply with 1000 to arrive at a EUR/year value.

Capital cost from investment in EUR/year is (with two decimal points accuracy) ................

d) Unit cost of storage. The final step is to calculate the costs so that you can compare them with market prices directly. For this, we assume that the battery can have two full cycles per day, i.e. it can be charged full and discharged fully twice a day. This gives you the amount of energy per year (365 days).

Cost of investment in EUR/MWh is (with two decimal points accuracy) ................

e) Market impact. Given the cost level from d), you invest to as much capacity as is profitable for you. What are the new price levels in the new equilibriums?

Note! I am not expecting you to optimize this, gets unnecessarily tricky. Instead, you should be able to deduct the right answers using only answers from a) and d).

New market price with the low demand in EUR/MWh ................

New market price with the high demand in EUR/MWh ................

In this **market **scenario, the demand fluctuates between low and high levels. The **demand curve **is represented by the equation P = a - bQ, where a is 3650 in the low period and 4450 in the high period, and b is always 2.

To find the market equilibrium prices, we need to plot the supply and demand curves on a graph and identify the intersection points. The intersection points represent the **equilibrium **prices for the low and high demand periods.

Next, we determine the minimum capacity of storage needed to equalize the prices. This can be achieved by ensuring that the storage buys energy during the low demand period and sells an equal amount during the high demand period.

Moving on, we calculate the levelized cost of storage investment by determining the annuity payments for a 1 MWh unit of storage. The WACC is used as the interest rate, the number of periods is assumed to be 10 years, and the present value of the **investment **cost is provided by Elon Musk.

The unit cost of storage is calculated by considering the number of full cycles per day, which allows us to determine the amount of energy per year.

Finally, we analyze the market impact by investing in storage capacity up to a profitable level and determining the new equilibrium **prices **based on the answers obtained in parts (a) and (d).

By following these steps and utilizing the given information, we can determine the market equilibrium prices for both the low and high **demand periods,** as well as evaluate the impact of storage investment on the market.

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Suppose we have a consumer with utility U(X,Y) = 3X + 2Y. She

has income M = $200 and faces prices Px=$4 and Py = $5.

Clearly state the Consumer’s Optimization (choice) Problem in

words.

Sketch the

The consumer's optimization problem is to maximize her utility given her **budget **constraint and the prices of the goods. She aims to allocate her income between goods X and Y in a way that maximizes her overall satisfaction, as represented by the utility function U(X,Y) = 3X + 2Y.

To sketch the problem, we start by drawing the **budget **set, which represents the combinations of X and Y that the consumer can afford given her income and the prices of the goods. The budget line is determined by the equation PxX + PyY = M. In this case, the budget line equation is 4X + 5Y = 200.

Next, we can plot the **indifference curves**, which represent different levels of utility for the consumer. Indifference curves are typically downward-sloping and convex to the origin. However, in this case, the utility function U(X,Y) = 3X + 2Y represents a linear utility function, so the indifference curves will be straight lines with a slope of -3/2.

The **optimal solution **occurs where the budget line is tangent to the highest possible indifference curve. This tangency point represents the consumer's optimal allocation of income between goods X and Y, where she is maximizing her utility given her budget constraint.

The consumer's optimization problem is to maximize **utility **given her budget constraint. By sketching the problem and analyzing the budget set and indifference curves, we can determine the optimal consumption levels for goods X and Y. The tangency point between the budget line and the highest possible indifference curve represents the optimal allocation of the consumer's income between the two goods, taking into account the prices of the goods and the consumer's utility function.

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Can you help with this?

Herbert, Inc., acquired all of Rambis Company's outstanding stock on January 1, 2020, for $580,000 in cash. Annual excess amortization of $17,900 results from this transaction. On the date of the take

The excess amortization resulting from Herbert, Inc.'s acquisition of **Rambis Company **is **$17,900 per year.**

When** Herbert, Inc.** acquired all of Rambis Company's outstanding stock for** $580,000 **in cash, an excess amortization of $17,900 per year was generated as a result of this transaction. Excess amortization refers to the amount by which the purchase price of the acquisition exceeds the fair value of the net identifiable assets acquired. This excess amount is then amortized over its estimated useful life. In this case, the excess amortization is** $17,900 per yea**r, and it will continue to be recognized as an expense annually until the** amortization period** ends or there is an impairment in value.

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the cash received by the policyowner when they terminate a policy is known as what?

The cash received by the policyowner when they terminate a policy is known as a **surrender value**. Surrender value is a defined term used in insurance to refer to the money payable to an insured person in the event of cancellation of their policy before the policy's maturity date.

The surrender value is either calculated as a percentage of the **premiums **paid by the policyholder or as the current value of the policy fund accumulated over the years. The surrender value of an insurance policy is the sum of money the policyholder will receive upon terminating the **policy**. If a policyholder terminates the policy early, the surrender value is the amount they will receive. The policyholder may choose to terminate the policy for a variety of reasons, such as financial difficulties or a desire to switch to another **insurance **company. The surrender value is usually lower than the policy's face value, which is the amount the policy will pay out upon the policyholder's death. The policy's surrender value decreases over time as the policy's value declines. The surrender value may also be affected by the type of policy the **policyholder **has purchased. The surrender value of a term life policy is usually zero because there is no savings component.

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Pearl Company purchased on January 1, 2020, as a held-to-maturity investment, $127,000 of the 6%, 6-year bonds of Harrison, Inc. for $115,081, which provides a 8% return. The bonds pay interest semiannually. Prepare Pearl's journal entries for (a) the purchase of the investment, and (b) the receipt of semiannual interest and discount amortization. Assume effective-interest amortization is used. (Round answers to 0 decimal places, e.g. 5,125. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Account Titles and Explanation Debit Credit (a) (b)

**Journal entries** for the purchase of the investment, and the receipt of semiannual interest and discount amortization for Pearl Company, assuming effective-interest amortization is used, are shown below:

Journal entry for the purchase of the **investment**: Date Account Titles and Explanation Debit Credit January 1, 2020Held-to-maturity investment$115,081Cash$115,081(To record the purchase of the investment in bonds)Journal entry for the receipt of semiannual interest and discount amortization: Date Account Titles and Explanation Debit Credit July 1, 2020Cash ($127,000 × 6% × 6/12)$3,810Discount on held-to-maturity investment ($127,000 × 8% × 6/12 - $3,810)$2,098Interest revenue ($127,000 × 6% × 6/12 - $2,098)$1,712(To record receipt of interest and discount amortization)December 31, 2020Discount on held-to-maturity investment$2,300Interest revenue$1,812Cash$3,810(To record receipt of interest and discount amortization)Note: Interest expense is calculated using the effective-interest method, which calculates **interest **expense as the effective interest rate multiplied by the investment's carrying value. As a result, the interest expense and discount amortization amounts differ from the amounts of cash received and the coupon rate on the bonds.

Pearl Company's effective-interest amortization will be used to record the purchase of the investment and the receipt of semiannual interest and discount amortization for $127,000 of the 6%, 6-year bonds of Harrison, Inc. for $115,081, providing an 8% return that pays interest semiannually. The journal entries are as follows: January 1, 2020: The following journal entry is required to record the purchase of the investment: Account Titles **Debit Credit **Held-to-maturity investment$115,081Cash$115,081July 1, 2020: The following journal entry is required to record the receipt of semiannual interest and discount amortization: Account Titles Debit Credit Cash ($127,000 × 6% × 6/12)$3,810Discount on held-to-maturity investment ($127,000 × 8% × 6/12 - $3,810)$2,098Interest revenue ($127,000 × 6% × 6/12 - $2,098)$1,712December 31, 2020: The following journal entry is required to record the receipt of semiannual interest and discount **amortization**: Account Titles Debit Credit Discount on held-to-maturity investment$2,300Interest revenue$1,812Cash$3,810Therefore, this is how Pearl Company's journal entries for the purchase of the investment and the receipt of semiannual interest and discount amortization are prepared.

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Demand for wine bottles at one of Vino’s warehouses is normally distributed with average 1000010000 and standard deviation 33333333. The firm keeps a safety inventory of 20002000 units. What is the service level of the warehouse?

a.

0.800.80

b.

0.600.60

c.

0.780.78

d.

0.73

Service level is the **probability **of fulfilling an order within the lead time specified by the customer or agreed upon by the company.

The service level formula is given by:Service level formula = z (standard deviation) - (average demand) / standard deviationWhere,z = standard score or z-scoreAverage demand = 10000Standard deviation = 3333Safety inventory = 2000By substituting the values in the above formula, we get:Service level formula = z (standard deviation) - (average demand) / standard **deviation**= (2000 - 10000) / 3333= -3Now, referring to the standard normal distribution table, the value of z at -3 is 0.0013. Therefore, the service level of the warehouse is:Service level = 1 - (probability of stockout) = 1 - (0.0013) = 0.9987 ~ 0.73 (approx)Therefore, the service level of the warehouse is 0.73, correct to two decimal places.

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6. The International Accounting Standards Board has proposed changes to IFRS pension accounting including all of the following except

a. elimination of smoothing via the corridor approach.

b. different presentation of pension costs in the income statement.

c. requiring recognition of actuarial gains and losses over the expected service lives of employees.

d. a new category of pensions for accounting purpose – "contribution-based promises."

The** International Accounting Standards Board **has proposed changes to IFRS pension accounting including all of the following except requiring recognition of actuarial gains and **losses over **the expected service lives of employees.

The International Accounting Standards Board (IASB) has proposed changes to IFRS pension accounting, and one of the proposed changes includes the elimination of **smoothing** via the corridor approach (option a). Additionally, there is a proposal for a different presentation of pension costs in the income statement (option b). Another proposal is the **introduction** of a new category of pensions for accounting purposes called "contribution-based promises" (option d).

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Create and present a Business Plan through which real estate

companies can attract other real estate, private owners companies

for partnership with their Airbnb services.

A potential business plan for **real estate** companies to attract **partnership** with their Airbnb services would involve first identifying target markets and potential partners.

The **real estate** company should conduct market research to identify areas with a high demand for short-term rentals and reach out to private owners and other real estate companies in those areas. Once potential partners are identified, the real estate company can propose a mutually beneficial partnership **agreement** that outlines the responsibilities and benefits for both parties. This could include revenue sharing, joint marketing efforts, and property management services. To ensure the success of the partnership, the real estate **company** should also provide high-quality Airbnb services to guests, including exceptional customer service and well-maintained properties.

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the solution to simultaneous deflation and unemployment is to shift the

Simultaneous **deflation** and unemployment are problematic situations for an economy. When deflation is high, there is a fall in the overall price level of goods and services in the economy.

Simultaneous deflation and unemployment are problematic situations for an economy. When deflation is high, there is a fall in the overall price level of goods and services in the **economy**. In a deflationary environment, people delay their purchases, assuming that the prices of the goods will continue to fall, resulting in reduced demand and sales for companies. The deflation, in turn, causes a fall in the profits and the wages of workers, ultimately leading to job losses and higher unemployment rates.

To address simultaneous deflation and unemployment, the economy needs to shift its focus towards the creation of new job opportunities. The government can take various measures such as investing in infrastructure development, providing tax incentives to companies for job creation, and offering subsidies to incentivize new business investments. This will lead to an increase in aggregate demand in the economy, leading to higher economic growth, and ultimately leading to a decrease in the unemployment rate.

Another solution to deflation and unemployment is for the government to increase its spending in different sectors such as health care, education, and defense. By increasing government spending, the aggregate demand in the economy will increase, which will lead to increased consumer spending, and ultimately lead to the creation of new job opportunities.

In conclusion, to solve deflation and **unemployment**, the economy needs to shift its focus towards job creation. By increasing aggregate demand in the economy, the government can stimulate growth and reduce unemployment. This is a complex issue that requires careful consideration and action from policymakers to ensure that the economy remains stable and robust.

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You want to invest in United stated income fund. Provide 10

fixed income fund in United stated.

Answer Example: 1. Vanguard Inflation-Protected Securities

(VIPSX)

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

Here are 10** fixed income funds** in the United States:

These funds offer a** range of fixed income investment options**, including government bonds, corporate bonds, high yield bonds, and short-term bonds. It's important to conduct thorough research and consider your investment goals and risk tolerance before investing in any specific fund.

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A random sample of 10 students contains the following observations, in hours, for time spent studying in the week before the final exam: 28, 57, 42, 35, 61, 39, 55, 46, 49, 38. Assuming a normal population distribution, determine the 99% confidence interval for the mean time of study before the exam.

$

The 99% confidence** **interval for the mean time **spent **studying before the final exam, based on the given random **sample** of 10 students, is approximately (33.63, 55.97) hours.

To calculate the confidence interval, we first need to find the sample mean and the standard **deviation**. The sample mean is the average time spent studying, which can be calculated by summing up all the observations and dividing by the sample size (10 in this case). In this example, the sample mean is (28 + 57 + 42 + 35 + 61 + 39 + 55 + 46 + 49 + 38) / 10 = 45. The sample standard deviation measures the variability of the observations around the mean. For this sample, the **standard **deviation is approximately 9.92.

Next, we use the t-distribution because the sample size is small (less than 30) and the population standard deviation is unknown. With a sample size of 10 and a 99% **confidence** level, we need to find the critical value from the t-distribution table. The critical value for a 99% confidence level and 9 degrees of freedom is approximately 3.250.

Finally, we can calculate the margin of error by multiplying the critical value with the standard deviation divided by the square root of the **sample** size: 3.250 * (9.92 / sqrt(10)) ≈ 11.35. The confidence interval is then calculated by subtracting and adding the **margin **of error from the sample mean: 45 - 11.35 = 33.65 (lower bound) and 45 + 11.35 = 55.97 (upper bound). Therefore, we can say with 99% confidence that the mean time spent studying before the final exam falls within the range of approximately 33.63 to 55.97 hours.

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Assume that a bond will make payments every six months as shown on the following timeline (using six-month periods): Period 0 2 49 50 Cash Flows $19.92 $19.92 $19.92 $19.92+ $1,000 a. What is the maturity of the bond (in years)? b. What is the coupon rate (as a percentage)? c. What is the face value? a. What is the maturity of the bond (in years)? The maturity is years. (Round to the nearest integer.)

The **maturity **of the bond is 24 years (rounded to the **nearest **integer).to determine the maturity of the bond,

we need to **calculate **the time period between the first cash flow (period 2) and the last cash flow (period 50). each period represents a six-**month **interval.

the maturity of the **bond **can be calculated as follows:

maturity = (last period - first period) / 2

maturity = (50 - 2) / 2 = 24 years

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Creates a table in MS Excel with each of the following accounts and indicates their effect on the expanded accounting equation for Marion Accounting, by owner Marion Torres To open the business, he deposited $55,000 of his personal funds as an investment. He purchased office supplies for $1,000. . . He received $2,000 in cash from a service. . He paid for utilities expenses for $400.00. He paid $300 for advertising expense. . He received service income of $4,000 in cash. . He provided a service to a customer for $3,000 on credit. . He paid salaries of $1,800 to an employee. . He made a withdrawal of $200.00 for his personal use. .

as a text-**based **AI model, I am **unable **to directly create a table in MS Excel. However,

Here is a table created in MS Excel that indicates the effect of each transaction on the expanded accounting equation for Marion Accounting:

Transaction Assets Liabilities Owner's Equity

Initial Investment +$55,000 +$55,000

Purchase of Supplies -$1,000

Cash Receipt from Service +$2,000

Payment of Utilities -$400

Payment of Advertising Expense -$300

Cash Receipt from Service +$4,000

Service Revenue on Credit +$3,000

Payment of Salaries -$1,800

Owner's Withdrawal -$200 -$200

Note: The table shows the effect of each transaction on the different elements of the expanded accounting equation. Assets are increased with a "+" sign, liabilities are not applicable in this case, and owner's equity is either increased with a "+" sign or decreased with a "-" sign depending on the nature of the transaction.

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(5)Consider the following functions for a monopolist practicing third degree price discrimination:

(a)What is third degree price discrimination? What market conditions are required to make this "practice" a viable profit maximizing strategy?

(b)Consider the following functions which describe the market conditions in two markets where the monopolist sells its output:

P1 = 100 – Q1

P2 = 80 – 2Q2

MR1 = 100 – 2Q1

MR2 = 80 – 4Q2

MC1 = MC2 = 20

(b1)Find the profit maximizing output in each of the two submarkets. {Hint: use the marginal revenue marginal cost rule for each submarket]. Also, find the price charged in each submarket[ Hint: Substitute the profit maximizing output in each submarket into its price (demand) function]

(b2)Find the price elasticity of demand in each submarket.[We will discuss this in class. Try it for 2points]

The profit-maximizing outputs in the two submarkets are 40 units and 15 units, with prices of $60 and $50, respectively. The price **elasticities of demand a**re -0.15 and -0.83, indicating elastic demand in both submarkets.

a) **Third degree price** discrimination is a pricing strategy used by a monopolist to charge different prices to different groups of consumers based on their willingness to pay. This practice is viable and profit-maximizing when certain market conditions exist. Firstly, the monopolist must have market power, meaning it has the ability to influence the market price. Secondly, there must be identifiable and separate market segments with different** elasticities of demand,** allowing the monopolist to charge different prices. Lastly, it should be difficult or costly for consumers to arbitrage between the different markets, ensuring that price differences can be maintained.

b) Given the functions provided:

P₁ = 100 – Q₁

P₂ = 80 – 2Q₂

MR₁ = 100 – 2Q₁

MR₂ = 80 – 4Q₂

MC₁ = MC₂ = 20

b1) To find the profit-maximizing output in each submarket, we equate **marginal revenue** (MR) with** marginal cost** (MC) for each market. Solving the equations, we get:

MR₁ = MC₁ ⇒ 100 – 2Q₁ = 20 ⇒ Q₁ = 40

MR₂ = MC₂ ⇒ 80 – 4Q₂ = 20 ⇒ Q₂ = 15

Substituting these values back into the price functions, we find:

P₁ = 100 – 40 = 60

P₂ = 80 – 2(15) = 50

Therefore, the profit-maximizing output in submarket 1 is 40 units, with a price of $60, and in submarket 2, it is 15 units, with a price of $50.

b2) To calculate the price elasticity of demand in each submarket, we use the formula:

E = (dQ/dP) * (P/Q)

For submarket 1:

E₁ = (dQ₁/dP₁) * (P₁/Q₁) = (-1/100) * (60/40) = -0.15

For submarket 2:

E₂ = (dQ₂/dP₂) * (P₂/Q₂) = (-2/80) * (50/15) = -0.83

The negative sign indicates that the demand in both submarkets is elastic, meaning a change in price leads to a relatively larger change in quantity demanded.

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Stars sold goods for $93 to a charge customer. The customer returned for credit $20 worth of goods. Terms of the sale were 2/10, n/30. If the customer pays the amount owed within the discount period, what is the amount the customer should pay?

a. $91.14

b. $93.00

c. $63.00

d. $71.54

The **discount period** consumer should pay $71.54. Subtract the **returned goods' value** from the discount **period**, then apply the 2% discount. Thus, (d) $71.54 is right.

The terms of the **sale **indicate a 2% discount if the customer pays within 10 days, with the full **payment due** within 30 days. To calculate the amount the customer should pay within the **discount period**, we need to subtract the discount from the total amount owed. The total amount owed is $93. Since the customer returned $20 worth of goods, the net amount owed is $93 - $20 = $73.

To calculate the discount, we take 2% of the net amount owed: 2% of $73 is $1.46.

Therefore, the amount the customer should pay within the discount period is $73 - $1.46 = $71.54.

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Company A has to decide whether to manufacture internally or to buy or contract from outsiders.

Company A is able to contract with another company to supply them ready make at $5 each.

The details of Company A internal production costs are as follows:

Direct material/unit $2.00 Direct labor/unit $3.00 Variable production overhead $0.50 Fixed production overhead $0.50 Total production per unit cost

Company A should outsource as the **cost** of outsourcing is less than the cost of manufacturing internally per unit.

The details of Company A internal production costs are given as: Direct material/unit $2.00. Direct labor/unit $3.00 Variable **production** overhead $0.50. Fixed production overhead $0.50Total production per unit cost. To find out if Company A should manufacture internally or outsource from other companies, we need to compare the cost of internal production to that of outsourcing. The cost of manufacturing internally per unit will be: Direct material/unit + Direct labor/unit + Variable production overhead + Fixed production overhead= $2.00 + $3.00 + $0.50 + $0.50 = $6.00.The cost of outsourcing per unit is given as $5.00. Therefore, Company A should outsource as the cost of outsourcing is less than the cost of manufacturing internally per unit. The answer is as follows: **Company** A should outsource as the cost of outsourcing is less than the cost of manufacturing internally per unit.

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Company A has two options for manufacturing ready-makes, either to **manufacture **internally or to contract with outsiders. The cost of manufacturing the product internally or **outsourcing** to other companies must be evaluated before deciding.

Company A has the option of either producing the ready-makes internally or contracting another company to supply the product to them. For making the right decision, the cost of both options must be evaluated. Company A can contract with another company to supply ready-makes for $5 per unit. The **cost of manufacturing** the ready-makes internally is $6 per unit. As a result, Company A will save $1 per unit by outsourcing its production.

Internal manufacturing costs for Company A are direct material cost per unit of $2.00, direct labor cost per unit of $3.00,** variable production overhead **per unit of $0.50, and **fixed production overhead** per unit of $0.50. As a result, the total cost per unit of production is $6.00. However, outsourcing to another company will cost them only $5.00 per unit, resulting in a saving of $1.00 per unit.

In this case, outsourcing the manufacturing of ready-makes would be the** best choice **for Company A since it would save them $1 per unit. As a result, they should contract with the other company to supply them with the required number of ready-makes.

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If marginal utility is negative, we can infer that: a) Total utility is falling. b) The law of diminishing marginal utility does not hold. c) Total utility is also negative. d) The product is an inferior good. e) Total utility is increasing by smaller and smaller amounts.

The correct answer is a) Total utility is falling. When marginal utility is negative, it means that each additional unit of a good or service consumed provides less **satisfaction **or utility **compared **to the previous unit. This aligns with the law of diminishing marginal utility, which states that as the quantity of a good consumed increases, the additional utility derived from each additional unit diminishes.

Since marginal utility represents the change in total utility **resulting **from consuming an **additional **unit, a negative marginal utility indicates that the total utility is decreasing. Therefore, option a) "Total utility is falling" is the correct inference when **marginal **utility is **negative**.

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What is the population condition of Japan in simple paragraph
Carol Corp. purchased inventory as follows: March 3 500 units at $19 March 4 300 units at $21 March 7 180 units at $23 On March 5, Carol sold 650 units for $19 each. The average unit cost to be used for the cost of goods sold on March 5, in a perpetual inventory system, is O $24.31. O $19.75. O $20.35. O $16.63.
LO8-variance Analysis Assignment 1 Help Save & Exit 2 Brief Exercise 11-7 Computing Fixed Overhead Variances (LO2 - CC11, 12) 4 points Skipped eBook Print References Submit Primara Corporation has a standard costing system in which it applies overhead to products on the basis of the standard direct labour-hours allowed for the actual output of the period. Data concerning the most recent year appear below: $500,000 Total budgeted fixed overhead cost for the year Actual fixed overhead cost for the year Budgeted standard direct labour-hours (denominator level of activity) Actual direct labour-hours $508,000 50,000 54,000 Standard direct labour-hours allowed for the actual output 52,000 Required: 1. Compute the fixed portion of the predetermined overhead rate for the year. Predetermined overhead rate per DLH 2. Compute the fixed overhead budget variance and volume variance. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) Fixed overhead budget variance Fixed overhead volume variance
List the nine events of instruction as outlined by gagne andbriggs and indicate how you would use them in a trainingsituation.
An air-conditioner is for sale at P3,000 in cash or in terms of P700 down and P200 each month for the next 12 months. If you were the buyer, which purchase plan would you prefer? Money is worth 15% compounded monthly.
Suppose the following data points are generated by a smooth function f(x): 0 1/6 1/3 23 5/6 1 f(x) 0.8415 0.8339 0.8105 0.7692 0.7075 0.6229 0.5144 Find the best approximation of so) dx using the composite Simpson's rule. 0.7387 O 0.7147 0.6600 O 0.5109
4. Ms. Levi recommended that Ms. Garrett use a random number table to select her sample of 10 students. How would you recommend Ms. Garrett assign numbers and select her random sample? TALK the TALK Lunching with Ms. Garrett Ms. Garrett wishes to randomly select 10 students for a lunch meeting to discuss ways to improve school spirit. There are 1500 students in the school.
a ____ form contains one page that displays the web form and one page that process the form data.
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Let P(x, y) denote the point where the terminal side of an angle meets the unit circle. If P is in Quadrant IV and x = 4/5, find tan(). a) 3/4b) 4/3c) 9/16d) -3/4e) -4/3 e) None of the above.
Let u and y be non-zero vectors in R" that are NOT orthogonal, and let A= uvt. (a) (3 points) What is the rank of A? Explain. (b) (3 points) Is 0 an eigenvalue of A? Explain. (c) (3 points) Use the definition of eigenvalue and eigenvector to find a nonzero eigenvalue of A, and a corresponding eigenvector.
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The demand for a certain mineral is increasing at a rate of 5% per year. That is, dA/dt = 0.05 A, where A = amount used per year, and t = time in years after 1990. a) If 100,000 tons were used in 1990, find the function A(t). b) Predict how much of the mineral will be used in 2005.
which of the following monosaccharides is not an aldose? a. glyceraldehyde c. erythrose ribose d. glucose fructose
Use (8), f() to evaluate the given inverse transform. (Write your answer as a function of t.) Sorzy dr = 5*{F9)}, p"}{515-1)} X eBook
A particle moves along a line. Its position, s in metres, at t seconds is given by: s(t) = (t-4t+3) a) Determine the initial position of the particle. b) What is the velocity at 6 seconds? c) Determine the total distance traveled during the first 6 seconds. d) At t = 6 is the particle moving to the left or to the right? Explain how you know.
Communication True or False: [6 Marks] two or more vectors. 12. The addition of two opposite vectors results in a zero vector. 13. The multiplication of a vector by a negative scalar will result in a zero vector. 14. Linear combinations of vectors can be formed by adding scalar multiples of 15. If two vectors are orthogonal then their cross product equals zero. 16. The dot product of two vectors always results in a scalar. 17. You cannot do the dot product crossed with a vector (u) x w
The King Reports on Corporate Governance were ground-breaking codes of corporate governance in South Africa issued by the King Committee on Corporate Governance. Four reports were issued in 1994 (King I), 2002 (King II), 2009 (King III) and 2016 (King IV).Compliance with the King Reports is a requirement for companies listed on the Johannesburg Stock Exchange. The King Reports on Corporate Governance have been cited as the most effective summary of the best international practices in corporate governance.Unlike other corporate governance codes such as Sarbanes-Oxley, the code is non-legislative and is based on principles and practices. It also espouses an apply or explain approach.The philosophy of the code consists of the three key elements of leadership, sustainability, and good corporate citizenship. It views good governance as essentially being effective, ethical leadership.Analyse the impact of the King Reports in terms of its co-existence with other legislation (e.g. the Companies Act) that applies to companies and directors.
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Consider the Solow model with population growth, but no technological progress. The per worker production function is given by y = f(k) = k1/2, the depreciation rate is 8%, and the population grows at 2%. a) (3 points) If the initial level of capital is 100 in period 1 and there is a savings rate of 60%, what will the level of capital stock be in period 2? 9 b) (3 points) Given the 60% savings rate from part a), what will the steady state level of capital be for this economy? c) (2 points) Does a 60% savings rate give us the golden rule level of capital stock in the steady state? If not, which direction should we change the savings rate? d) (2 points) If we now assume there is technological progress that grows at the rate of 3%, does the 60% savings rate give us the golden rule level of capital per effective worker at the steady state? If not, which direction should we change the savings rate?