Answer:
price taker
Explanation:
A perfect competition is characterized 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.
Firms in a perfect competition are price takers. This means that they must accept the prevailing market price.
If a firm decides to set price above market price, it would lose all customers as customers would buy from firms that sell at the market price.
If a firm sells below market price, the firm would incur losses.
A cylindrical part of diameter d is loaded by an axial force p. this causes a stress of pya, where a 5 pd2y4. if the load is known with an uncertainty of 610 percent, the diameter is known within 65 percent (tolerances), and the stress that causes failure (strength) is known within 615 percent, determine the minimum design factor that will guarantee that the part will not fail.
Here is the correct question.
A cylindrical part of diameter d is loaded by an axial force p. this causes a stress of P/A, where A= πd²/4. if the load is known with an uncertainty of ±10 percent, the diameter is known within ±5 percent (tolerances), and the stress that causes failure (strength) is known within ±15 percent, determine the minimum design factor that will guarantee that the part will not fail.
Answer:
the minimum design factor that will guarantee that the part will not fail. = 1.434
Explanation:
Looking at the uncertainty; loss of strength must be raised to [tex]\dfrac{1}{0.85}[/tex] due to the stress that causes the failure (strength) is known within ±15% uncertainty.
Looking at the uncertainty; the maximum allowable load must be reduced to [tex]\dfrac{1}{1.1}[/tex] because the load is known with an uncertainty of ±10.
Looking at the uncertainty; the diameter must be raised to [tex]\dfrac{1}{0.95}[/tex] because the diameter is known within an uncertainty of ±5.
The decrease in the maximum allowable stress can be estimated as:
[tex]\sigma' = \dfrac{P'}{A'}[/tex]
where,
[tex]\sigma =[/tex] stress
P = load
A = cross-sectional area of the cylinder
∴
[tex]\sigma' = \dfrac{P'}{\dfrac{\pi}{4}(d')^2}[/tex]
replacing P' with [tex]\dfrac{1}{1.1}P[/tex] and d' with [tex]\dfrac{1}{0.95}d[/tex], we have:
[tex]\sigma' = \dfrac{(\dfrac{1}{1.1})\times p }{\dfrac{\pi}{4}(\dfrac{1}{0.95 } d)^2 }[/tex]
[tex]\sigma' =\dfrac{P}{\dfrac{\pi}{4}d^2} (\dfrac{\dfrac{1}{1.1} }{(\dfrac{1}{0.95})^2 }) }[/tex]
[tex]\sigma' =\sigma \times (\dfrac{\dfrac{1}{1.1} }{(\dfrac{1}{0.95})^2 }) }[/tex]
[tex]\sigma' =\sigma \times 0.82045[/tex]
[tex]\dfrac{\sigma' }{\sigma } =0.82045[/tex]
Thus, the uncertainty in diameter and the load of the allowable stress needs to decrease to 0.82045
Now, the minimum design factor that will ascertain that the part will not fail can be computed as:
[tex]n_d = \dfrac{loss \ of \ function \ parameter }{maximum \ allowable \ parameter}[/tex]
where;
the design factor = [tex]n_d[/tex]
[tex]n_d =\dfrac{\dfrac{1}{0.85} }{0.82045}[/tex]
the design factor [tex]n_d[/tex] = 1.434.
Thus, the minimum design factor that will guarantee that the part will not fail. = 1.434
FarCry Industries, a maker of telecommunications equipment, has 26 million shares of common stock outstanding, 1 million shares of preferred stock outstanding, and 10 thousand bonds. If the common shares sell for $15 per share, the preferred shares sell for $114.50 per share, and the bonds sell for 101 percent of par ($1,000), what weight should you use for preferred stock in the computation of FarCry's WACC
Answer:
wP = 114.5 / 514.6 = 0.2225 or 22.25%
Explanation:
The WACC or weighted average cost of capital is the cost of a firm's capital structure. The capital structure of a firm can be made up of one or more of the following components namely debt, preferred stock and common equity. The WACC is normally calculated using the market value of these components. The formula for WACC is,
WACC = wD * rD * (1-tax rate) + wP * rP + wE * rE
Where,
wD, wP and wE represents the weight of debt, preferred stock and common equity in the capital structure based on the market valuerD, rP and rE are the cost of debt, preferred stock and common equity respectively.To calculate the weight that should be assigned to the preferred stock in the calculation of WACC, we need to determine the market value of preferred stock and the market value of the capital structure.
Market Value - Debt = 10000 * 1000 * 1.01 = $10.1 million
Market Value - Preferred stock = 1 * 114.50 = $114.5 million
Market Value - Common equity = 26 * 15 = $390 million
Total MV of capital structure = 10.1 + 114.5 + 390 = $514.6
wP = 114.5 / 514.6 = 0.2225 or 22.25%
The price of increases. Which of the following is not part of the likely chain of events that follows from this price change? A. Some consumers of reduce their consumption of . B. The demand for increases. C. Producers of increase their production of . D. The manufacturers of lay off some workers.
Answer:
The manufacturers lay off some workers
Explanation:
Some of the factors that are likely to trigger a price increase are reduction in consumption, increase in demand , increase in production by the producers.
However , it is not likely that the lay off of some workers by the manufacturers causes price increase as lay of workers is a cost management move where workers that are less relevant to operation are relieved of their duties so that cost can be adjusted to accommodate a price reduction.
Therefore , workers lay off is more likely to bring a price reduction rather than price increment.
Natalie is a senior executive of a department store chain. Every week, she visits one of the stores and pretends to be a customer. She records her observations on the service provided by the store's sales associates and the manner in which her queries were handled. Sales associates who meet the service standards are awarded a small bonus. Therefore, Natalie is a(n) _____.
Answer: mystery shopper
Explanation:
From the question, we are informed that Natalie is a senior executive of a department store chain and that every week, she visits one of the stores and pretends to be a customer as she records her observations on the service provided by the store's sales associates and the manner in which her queries were handled.
We are further told that sales associates who meet the service standards are awarded a small bonus. This shows that Natalie is a mystery shopper. Mystery shoppers simply evaluate product quality, store presentation, cleanliness etc during their shopping experience.
Determine the gross income of the beneficiaries in the following cases:a.Justin’s employer was downsizing and offered employees an amount equal to one year’s salary if the employee would voluntarily retire.
Answer:
Justin's salary is not given here, but it doesn't matter. Any payments that Justin will receive as part of the compensation for voluntarily retiring will be included in his AGI. It doesn't matter if Justin is being paid for not working, he is still being paid by someone else and that counts as ordinary income.
Due to its unique distribution system where 98% of replacement parts can be available to customers through its dealer network, Caterpillar has a _______ advantage over Komatsu, one of its main competitors.
Answer:
Sustainable competitive advantage
Explanation:
In an economy where firms compete to gain market share, the ability of a firm to leverage on a unique capability and successfully gain more market share from other firms is called competitive advantage.
This can be in terms of quality, price, ease of delivery, and so on.
A competitive advantage is said to be sustainable when it enables a company to be more successful than its competitors over a long period of time.
In this scenario unique distribution system where 98% of replacement parts can be available to customers through its dealer network of Caterpillar is a sustainable competitive advantage that makes it more successful than Komatsu over a long period
What is the difference between a job, a career, and a profession?
Gugenheim, Inc., has a bond outstanding with a coupon rate of 5.7 percent and annual payments. The yield to maturity is 6.9 percent and the bond matures in 13 years. What is the market price if the bond has a par value of $2,000?
Answer:
Price of bond = $1,798.27
Explanation:
The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).
Value of Bond = PV of interest + PV of RV
The value of bond for Gugenheim, Inc.can be worked out as follows:
Step 1
PV of interest payments
annul interest payment
= 5.7% × 2000 = 138
annual yield = 6.9%
Total period to maturity = 13 years
PV of interest payment = 114 × (1- 069^-13)/0.069=958.19
Step 2
PV of Redemption Value
= 2,000 × (1.069)^(-13) = 840.078
Price of bond =958.196089 + 840.078 =1,798.27
Price of bond = $1,798.27
Scot and Vidia, married taxpayers, earn $90,400 in taxable income and $5,000 in interest from an investment in City of Tampa bonds. (Use the U.S. tax rate schedule for married filing jointly). (Do not round intermediate calculations. Round your answer to 2 decimal places.)a. If Scot and Vidia earn an additional $81,000 of taxable income, what is their marginal tax rate on this income?b. How would your answer differ if they, instead, had $81,000 of additional deductions?
Answer:
a) Since Scot and Vidia's ordinary income = $90,400 + $81,000 = $171,400, their marginal tax rate will be 24%, and they will owe $29,211 + [($171,400 - $171,500) x 24%] = $29,295 in taxes
They will also have to pay 15% of $5,000 (capital gains) = $750
b) Since Scot and Vidia's ordinary income = $90,400 - $81,000 = $9,400, their marginal tax rate will be 10%, and they will owe $9,400 in taxes
They will also have to pay 15% of $5,000 (capital gains) = $750
Green Company incurred $5,000 of accrued expenses during Year 1, but paid the cash associated with the payables in Year 2. Based on this information alone, under accrual accounting, the company would report a net loss of ______.
Answer:
net loss of $5,000 and cash outflow from operations of zero in Year 1
Explanation:
The accrual basis refers to the recording of the transactions when it is provided not when the cash is received
Since the accrued expenses is incurred for $5,000 in the year 1 but the cash is paid in the year 2
Based on the accrual accounting, the company would report a net loss for $5,000 and there is an outflow of cash that arise from the operations for the year 1
Therefore the same is to be considered
Brian manages his company's Google Search Ads campaign. He regularly reviews the optimization score to make his Google Search campaign as effective as possible. What is Brian's optimization score based upon?
Answer: Key aspects of his accounts, including statistics, settings, and industry trends.
Explanation:
The options to the question are:
a. Testing and reporting on the speed of Brian’s websites
b. Key aspects of his accounts, including statistics, settings, and industry trends.
c. Judging ad popularity on social media
d. Comparing Brian’s sales with ad serving data.
Optimization score simply runs from 0% to 100% and it is simply an estimate that'll tell am individual or firm how well their Google Ads account will perform. Having 100% means that the account will be able to perform at full potential.
Based on the information given in the question, Brian's optimization score is based upon Key aspects of his accounts, including statistics, settings, and industry trends.
Hugh has the choice between investing in a City of Heflin bond at 6 percent or investing in a Surething Inc. bond at 9 percent. Assuming that both bonds have the same nontax characteristics and that Hugh has a 40 percent marginal tax rate, what interest rate does Surething Inc. need to offer to make Hugh indifferent between investing in the two bonds
Answer: 10%
Explanation:
The City of Helfin bond is a municipal bond so it is tax exempt. The Surething bond is not however so the interest rate that would make Hugh indifferent is one that would equate the after tax return on the Surething bond to that of the City of Helfin.
6% = x ( 1 - Tax)
6% = x ( 1 - 0.4)
x = 6%/0.6
= 10%
You are the head of sales training for a major financial services firm in New York City. You are conducting a sales training class for a group of new trainees. You are a strong believer in using a structured approach to personal selling. Based on this information, which of the following personal selling process steps are you going to tell the trainees to perform first?
a. Develop a database of potential customers.
b. Develop an engaging sales presentation.
c. Practice closing the sale.
d. Develop a prospect follow-up checklist.
e. Analyze information about potential customers' needs.
Answer:
a. Develop a database of potential customers.
Explanation:
Analyzing the scenario of the question above, it can be understood that, a sales training manager who believes in a structured approach to personal sales as the best option, the ideal would be to tell trainees to perform the stages of the personal sales process first. will tell trainees to first develop a database of potential customers.
Because the first step in the personal selling process is prospecting for customers, so a database of potential customers will be the most structured process for prospecting potential customers and then reach the other stages of the sales process in an organized and effective way.
Harold works as head chef at the Italian Olive Restaurant in Macon, Georgia. When the management of the restaurant changed, Harold was asked to sign a non-compete agreement to keep his job. The non-compete agreement required Harold not to work as a chef for any other restaurant or open his own restaurant in the United States for the next 15 years if he decided to quit his job at the Italian Olive. A court would likely determine that this non-compete agreement:
Answer:
violates common law
Explanation:
A non compete is an agreement that restricts a previous employee from working for a competitor of his former company for a given period after disengagement.
This is a contract that aims to reduce to the rate at which company secrets are shared to competitors.
The rationale is that the employee's knowledge of the company's procedures will be obsolete after some years.
However non compete should not last for a very long time. Usually non compete of more than two to three years is not honoured by courts.
So in the given scenario where Harold the head chef at the Italian Olive Restaurant signed a non compete which restricts him from opening a restaurant for the next 15 years. The court will most likely not honour the non compete because the amount of time is not reasonable.
Which of the following is the formula for break-even point in sales dollars? A : Fixed costs divided by contribution margin ratio. B : Fixed costs divided by unit contribution margin. C : Contribution margin ratio divided by fixed costs. D : Unit contribution margin divided by fixed costs.
Answer:
B. Fixed costs divided by unit contribution margin
Explanation:
In sales dollars, Break-Even point = Fixed Costs ÷ Contribution Margin.
Break-Even point in (units) = Fixed Costs / (Sales price per unit - Variable costs per unit).
The Break even point is a measure of which a company can determine if when the product its manufactured or produced will start to be profitable.
"A pattern day trading account has a high market value during the day of $200,000 and has a "0" position at the end of the day. The minimum maintenance margin requirement is:"
Answer:
C. $50,000
Explanation:
These are options for the question;
maintenance margin requirement is:
A. 0
B. $25,000
C. $50,000
D. $100,000
From the question, we were told that a pattern day trading account has a high market value during the day of $200,000 and has a "0" position at the end of the day.
There is a standard of minimum margin rule by FINRA for market value and this minimum margin is either the same or more than 25% , or more than a value of $25,000,
But we are given a high market value of $200,000 thenThen the minimum maintenance margin requirement is:"
$200,000 x 25%
= $200,000×(25/100)
= $50,000
A bond issued by the state of Alabama is priced to yield 6.40%. If you are in the 30% tax bracket, this bond would provide you with an equivalent taxable yield of _________.
Answer:
9.14%
Explanation:
Tax exempt yield = 6.40% = 0.064
Marginal tax rate = 30% = 0.30
Equivalent taxable yield = Tax exempt yield / (1 - marginal tax rate)
Equivalent taxable yield = 0.064 / (1 - 0.30)
Equivalent taxable yield = 0.064 / 0.70
Equivalent taxable yield = 0.0914286
Equivalent taxable yield = 9.14%
A fundamental analysis is reviewing a corporation's income statement. For the period, the company reported net sales of $10 million, cost of goods sold of $6 million, depreciation expense of $1 million, interest on long-term debt of $1 million, and income taxes of $500,000. With this information, the analyst knows that the company's cash flow from operations was
Answer:
the company's cash flow from operations was $2,500,000.
Explanation:
Calculation of cash flow from operations :
Net Sales $10,000,000
Less Cost of Goods Sold ($6,000,000)
Gross Profit $4,000,000
Less Expenses :
Depreciation expense ($1,000,000)
Interest on long-term debt ($1,000,000)
Income tax expenses ($500,000)
Operating Profit / (Loss) $1,500,000
Add Back Depreciation $1,000,000
Operating Cash flow $2,500,000
Matthew is a new divisional manager. In reorganizing his division, he must make some decisions regarding the span of control for management within his division. The question of span of control determines ________. where decisions are made the number of levels and managers an organization has how jobs will be grouped how employees will be compensated the employee grievance policy of the organization
Answer: the number of levels and managers an organization has
Explanation:
From the question, we are informed that Matthew is a new divisional manager and that I reorganizing his division, he must make some decisions regarding the span of control for management within his division.
In this case, the span of control determines the number of levels and managers an organization has. It simply shows the activity area and number of people, functions, or things that a organization or individual is responsible for.
When an organization uses ______ as the primary criterion in selection, it often ends up not getting the best person for a particular job.
Answer:
Cultural fit
Explanation:
Cultural Fit refers to the attitude, values, beliefs of an individual that linked with the core values and the organization culture
Based on the cultural fit, the chances of the selection is high also its not ended by receiving the best person for some specific job
Therefore in the given situation, it is a cultural fit scenario
Scarcity implies that A. a way of rationing supplies of goods must be found. B. there can never be surpluses for long periods of time. C. middlemen perform no useful function in society. D. there will always be shortages.
Answer: A. a way of rationing supplies of goods must be found.
A formalized report that summarizes your current financial situation, analyzes your financial needs, and recommends future financial activities is a
Answer:
financial plan.
Explanation:
Evelyn has three children and is a stay-at-home mom. she is majoring in early childhood education at ashford. once my family and i were hosting an impromptu dinner to celebrate my sister's promotion at work. i enjoy cooking so i was more than willing to prepare dinner for my family and hers, a total of ten people. because i enjoy cooking, my kitchen is usually well-stocked. before preparing one of the dishes, i realized that i was missing a couple of the key ingredients. i wasn't sure what to do and decided to do some research for inspiration. i began carefully looking through other recipes on a couple of cooking websites that i use. i realized that i could make a couple of changes and adjustments to those recipes using what i had and prepare those. now, i feel as though i have invented new recipes! which learning patterns was evelyn using in field-fitting her plans?
Answer:
Everlyn is using Precision and Confluence learning pattern
Explanation:
Based on the information given about Evenly we can vividly say that she is using PRECISON and CONFLUENCE learning pattern.
PRECISION learning pattern can be defined as the type of learning pattern in which a person or an individual with precison personality wish or desire to have better explanation of a thing by gathering alot of information and they tend to as well ask alot of question which is why this type of people tend to feel great when the outcome of their finding is positive while CONFLUENCE learning pattern on the second hand can be defined as the way or process which help to describe the way in which a person or an individual which such personality make use of their imagination by trying to look at a things in a more unique way which in turn enable them to have a big picture of it such as in the case of Everly.
Therefore Everly was using PRECISION and CONFLUENCE learning pattern in field-fitting her plans.
What is the gain or loss from purchasing a put option on $100,000 face value Treasury bonds with a strike price of $90,000 (90 points) and a premium of 1.5 points ($1,500) with an expiration date at the end of July if the end-of-July selling price for the bonds is $80,000.
Answer:
Profit of $8,500
Explanation:
Strike Price = $90,000
Premium = $1,500
Break even point = Strike price - Premium
Break even point = $90,000 - $150
Break even point = $88500
Profit = Break even point - Share price
Profit = $88,500 - $80,000
Profit = $8,500
_____ tend to move in anticipation of the business cycle, turning up in anticipation of recovery and turning down at signs of economic weakness. a. Capital goods b. Financial stocks cyclical companies do. Consumer staples e. Consumer durable goods
B has a $100,000 Accidental Death and Dismemberment policy that pays triple indemnity for common carrier death. If B is killed from an accident on a commercial flight, what will the policy pay B's beneficiary
Answer:
$300,000
Explanation:
B's life insurance policy had a rider clause that established a triple indemnity in case he/she died in an accident using public transportation as long as B wasn't responsible for his/her death or caused the accident that resulted in his/her death. Triple indemnity means that if your policy covered $1, in case of death it will pay you $3.
A basketball coach is performing a cost/benefit analysis in order to determine if more hours of practice would help the team score more points. The coach's action is an example of
Answer:
Marginal thinking
Explanation:
Marginal thinking refers to the thinking of decision makers in which the one additional unit is more than its cost
Since in the question it is mentioned that the coach of basketball performed cost / benefit in order to achieve more points by doing more hours of practice
Therefore the given situation, it is an example of marginal thinking
A taxpayer, age 60, purchases an annuity from an insurance company for $90,000. She is to receive $500 per month for life. Assume that her life expectancy is 24.2 years from the annuity starting date. As a result, her expected return is _______________ and the exclusion amount is ____________________.
Answer and Explanation:
The computation of the expected return and the exclusion amount is shown below:
Expected return is
= Received amount on a monthly basis × total number of months in a year × life expectancy
= $500 × 12 × 24.2
= $145,200
Now the exclusion amount is
= Purchase value of an annuity × Purchase value of an annuity ÷ expected return
= $90,000 × $90,000 ÷ $145,200
= $55,785
What is the main purpose of a market?
To provide a method to raise government taxes
To allow for the exchange of products
To provide a place for buyers to spend time
To provide jobs for sellers
Can someone answer this for me pleaseeee
Answer:
let me doo it....
Explanation:
If you were to ask this question to 100 different business people, you would get a myriad of different answers. Some people would tell you that the purpose of marketing is to get your name out in the marketplace, and others will tell you marketing builds your brand name. A common response is that marketing assists in generating leads that are then passed over to the sales team and the others will say marketing generates sales. Then there are people that will say that marketing builds brand awareness.
The truth is that all of these answers are correct. They are results of what occurs when your marketing and advertising efforts are working.
The purpose of marketing however, cannot be answered simply. In this post, I break down three main objectives that successful marketing strategy should always aim to achieve.
Objective #1: Capture attention
Capture the attention of your target market/prospects. This seems simple enough to do, however, it requires strategic planning and implementation to do so. Most of the time, I see people doing this incorrectly. We ensure that you’re doing this the right way.
Objective #2: Educate prospects
Guide you prospects with educational information to help them make the best possible purchasing decision. Provide them with information to facilitate their buying decisions for your product or services.
People are searching for a solution that your provide. It’s important that you’re providing them with the information they’re looking for during their purchasing decision, or the “Buyer’s Journey” which is why you need to guide them through this process. You need to prove that you’re the expert at what you do, and if you’re not providing them with the right information, they’ll turn to your competition, as they are answering their burning questions. People trust brands that offer support, and provide them with relevant and educational content. Position yourself as the expert in your space and provide as much knowledge as you can that’s relevant to what you’re selling.
Objective #3: Convert
Give your customers a specific, low-risk, easy-to-take action that further facilitates their ability to make a good decision. Lower the risk of taking the next step in the buying process so you can further educate them.
You can’t cram everything that a person needs to know into one ad. You have to find a way to give them more information when and where they need it most. You need to provide reports, ebooks, case studies, blogs, and other marketing materials so that you’re reaching them the way they want to be reached.
well now its done!!!
Technician A says that employers must inform their employees about any hazardous chemicals used in the work place by using Safety Data Sheets. Technician B says that the work place Hazardous Materials Information Systems is the Canadian version of the Safety Data Sheets. Which technician is correct?
Answer:
Techican B
Explanation: