Answer:

Answer:

(ii) economic profits are zero

Explanation:

A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.

In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.

I hope my answer helps you

Use the following classification to determine which category each of the following goods falls into. Goods Private Good Club Good Common Resource Public Good Museums that require admission fees Public swimming pools with free admission during summer Metered parking at a municipal parking lot Flood control Public basketball courts

A learning rate of 0.9 means each __________ of the cumulative output reduces unit costs by __________.

When advertising a test product, should test locations in particular markets be isolated from media with a far reach, such as television?

A bank estimates that its profit next year is normally distributed with a mean of 0.8% of assets and the standard deviation of 2% of assets. How much equity (as a percentage of assets) does the company need to be (a) 99% sure that it will have a positive equity at the end of the year and (b) 99.9% sure that it will have positive equity at the end of the year

Vern's makes all sales on account, subject to the following collection pattern: 20% are collected in the month of sale; 70% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for October, November, and December were $70,000, $60,000, and $50,000, respectively, what was the budgeted receivables balance on December 31?A. $40,000.B. $46,000.C. $49,000.D. $59,000.E. Some other amount

A learning rate of 0.9 means each __________ of the cumulative output reduces unit costs by __________.

When advertising a test product, should test locations in particular markets be isolated from media with a far reach, such as television?

A bank estimates that its profit next year is normally distributed with a mean of 0.8% of assets and the standard deviation of 2% of assets. How much equity (as a percentage of assets) does the company need to be (a) 99% sure that it will have a positive equity at the end of the year and (b) 99.9% sure that it will have positive equity at the end of the year

Vern's makes all sales on account, subject to the following collection pattern: 20% are collected in the month of sale; 70% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for October, November, and December were $70,000, $60,000, and $50,000, respectively, what was the budgeted receivables balance on December 31?A. $40,000.B. $46,000.C. $49,000.D. $59,000.E. Some other amount

Answer:

The answer is =5.91%

Explanation:

N(Number of periods) = 7 years

I/Y(Yield to maturity) = 6.6percent

PV(present value or market price) = $962

PMT( coupon payment) = ?

FV( Future value or par value) = $1,000.

We are using a Financial calculator for this.

N= 7; I/Y = 6.6; PV = -962; FV= $1,000; CPT PMT= $59.05

Therefore, the coupon rate of the bond is of the bond is $59.05/1000

=5.91%

Economy of Economy Stock A Stock B

Recession .20 .010 – .35

Normal .55 .090 .25

Boom .25 .240 .48

a. Calculate the expected return for the two stocks.'

**Answer:**

** 11.15%**

**Explanation:**

The formula to compute the expected rate of return is shown below:

**Expected rate of return = (Recession probability× Possible Returns ) + (Normal Probability × Possible Returns ) + (Boom Probability × Possible Returns 3) **

= (0.20 × 0.010) + (0.55 × 0.090) + (0.25 × 0.240)

= 0.002+ 0.0495 + 0.06

=** 11.15%**

Simply we multiply the probability with its return so that accurate rate could come.

A 4 7

B 2 4

C 8 11

D 3 5

E 5 11

**Answer:**

Order of processing the jobs:

Job Critical Ratio

C 1.375

D 1.667

A 1.75

B 2.0

E 2.2

**Explanation:**

a) Data and Calculations:

Job Processing Job due Critical

Time (days) date (days) Ratio

A 4 7 1.75 (7/4)

B 2 4 2.0 (4/2)

C 8 11 1.375 (11/8)

D 3 5 1.667 (5/3)

E 5 11 2.2 (11/5)

b) The critical ratio (CR) dispatching indicates the priority sequencing that should be adopted to process work at a work center. The first process is to create the CR priority index number, which is obtained from the formula of due days divided by the processing days. Therefore, the job with the lowest CR is scheduled first.

To determine the order of processing using the critical ratio dispatching rule, the critical ratio for each job is calculated by dividing the time remaining until the job's due date by the processing time. The job with the highest critical ratio is processed first, followed by the job with the next **highest critical ratio.**

The critical ratio dispatching rule is used to determine the order in which jobs should be processed based on their due dates and processing times. The critical ratio is calculated by dividing the time remaining until the job's due date by the processing time. The job with the highest critical ratio should be processed first, followed by the job with the next highest critical ratio, and so on.

**Job C**has a critical ratio of 1.125 (8/7).**Job E**has a critical ratio of 1 (5/5).**Job D**has a critical ratio of 0.6667 (2/3).**Job A**has a critical ratio of 0.5714 (3/5).**Job B**has a critical ratio of 0.5 (2/4).

Therefore, the jobs should be processed in the following order: **C, E, D, A, B.**

#SPJ3

Solving a question by **financial calculator** method. I am using (Texas Instruments **BA II plus**)

The answer is Current value = $550

First, since it is Semiannual coupon, then we adjust the interest rate to semi-annual rate and also that multiply by 15 years by 2 since we have 2 semi annual periods per year.

*Also Note that: If using the same calculator as me, key in the numbers first before the function .*

Then the Total duration of investment ;N is = 15 * 2 = 30

Then Interest rate; I/Y = 16% / 2 = 8%

After that the Face value;** FV = 1000**

Now the **Semi annual** Coupon Payment ; PMT = (8%/2)*1000 = 40

then CPT PV = **$549.689**

Thus, the current value of this bond is $550 (rounded to whole number.)

Find out more information about **current value** here:

**Answer:**

Current value = $550

**Explanation:**

You can solve this question using a financial calculator. I am using (Texas Instruments BA II plus)

First, since it is Semiannual coupon, adjust the interest rate to semi-annual rate and multiply 15 years by 2 since we have 2 semi annual periods per year.

*Note: If using the same calculator as me, key in the numbers first before the function .*

Total duration of investment ;N = 15 * 2 = 30

Interest rate; I/Y = 16% / 2 = 8%

Face value; FV = 1000

Semi annual Coupon Payment ; PMT = (8%/2)*1000 = 40

then CPT PV = $549.689

Therefore the current value of this bond is **$550** (rounded to whole number.)

**Answer:**

**$38,851 approx**

**Explanation:**

As per the information provided in the question, the minimum annual rate of return would be at-least equal to the usual rate of return the investor (here uncle) earns. Here it is 9% per annum.

Anything earned below this rate of return will not satisfy the investor since this represents the minimum required rate of return.

A=

Where A= Amount

P= Principal

r= Annual Rate Of Interest

n= period of loan

Therefore, A=

A= $38,850.87 or **$38,851 approx.**

b. top-level managers still have to rely on the active support and cooperation of middle and lower-level managers in pushing needed changes in functional areas and operating units.

c. the pivotal and most decisive strategy-implementing actions are carried out by frontline supervisors who have the day-to-day responsibility of seeing that key activities are done properly.

d. the success or failure of the implementation/execution effort hinges chiefly on doing an effective job of empowering employees to make day-to-day operating decisions that support good strategy execution.

e. it is a company's employees who most determine whether the drive for good strategy execution will succeed or fail.

Answer: top-level managers still have to rely on the active support and cooperation of middle and lower-level managers in pushing needed changes in functional areas and operating units

Explanation:

The senior executives in organizations are responsible for the implementation and execution of directives to achieve organizational goals. For them to achieve this, top-level managers have to rely on the cooperation and active support of the middle and lower-level managers for organizational success.

The top level managers are in charge of planning and directing the group of individuals as they monitor their work and implement needed changes.