Why does an economy need a rationing​ mechanism?

Why does an economy need a rationing​ mechanism?

In: Economics

x = [0,1,2,3,4,5,6,7,8]; y = [0,10,23,28,25,13,6,2,-5]; Spline interpolation, Use Matlab code Write your own spline method...

x = [0,1,2,3,4,5,6,7,8];
y = [0,10,23,28,25,13,6,2,-5];

Spline interpolation, Use Matlab code
Write your own spline method to estimate the value of the function on x ∈ [0,8],Δx = 0.1. For your 2 degrees of freedom, set the first and second
derivatives at the left boundary to 0. Save your result, the interpolated y values.(do not use Matlab's built-in spline method

In: Computer Science

C++ Coding ****** Please read prompt carefully and include screenshots fro verification. Start with a Person...

C++ Coding ****** Please read prompt carefully and include screenshots fro verification.

Start with a Person class, and create a multiset to hold pointers to person objects. Define the multiset with the comparePersons function object, so it will be sorted automatically by names of person. Define a half-dozen persons, put them in the multiset, and display its contents. Several of the persons should have the same name, to verify that multiset stores multiple object with the same key. Also allow the user to search a person object by the last name and the first name.

In: Computer Science

Two point charges lie on the x-axis. A charge of 6 uc is at the origin...

Two point charges lie on the x-axis. A charge of 6 uc is at the origin and a charge -10 uc is at x=10cm.

A.) Find the magnitude and the direction of the force on the 6-uC charge.

B.) Find the mangnitude and the direction of the net electric field at a point x=4cm.

C.) Find the voltage at point x=4cm.

In: Physics

Suppose the demand functions facing a wireless telephone monopolist are QdL=100−200P for each low-demand consumer and...

Suppose the demand functions facing a wireless telephone monopolist are QdL=100−200P for each low-demand consumer and QdH=120−200P for each high-demand consumer, where P is the per-minute price in dollars. The marginal cost is $0.02 per minute. Suppose the monopolist offers a menu of two-part tariff plans, with one plan intended for each type of consumer. Suppose too that for any per-minute price PL in the low-demand plan, the fixed fee in the low-demand plan leaves a low-demand consumer with zero surplus; that the number of minutes in the low-demand plan is capped at the number of minutes desired by a low-demand consumer at that plan's per-minute price; and that the high-demand plan has a per-minute price of $0.02 per minute and a fixed fee that leaves the high-demand consumer approximately indifferent between the low- and high-demand plans. Suppose that there are 100 high-demand consumers and 400 low-demand consumers. Will the monopolist's profit be higher when the per-minute price in the low-demand plan is $0.07 or $0.12? Instructions: Round your answers to 2 decimal places as needed.

a. Suppose the monopolist's per-minute price in the low-demand plan is $0.07.

Profit = $.

b. Now suppose the monopolist's per-minute price in the low-demand plan is $0.12.

Profit = $.

Suppose the demand functions facing a wireless telephone monopolist are

          QdL=60−200P

for each low-demand consumer and

          QdH=160−200P

for each high-demand consumer, where P is the per-minute price in dollars. The marginal cost is $0.10 per minute. Suppose the monopolist offers a menu of two-part tariff plans, with one plan intended for each type of consumer. Suppose too that for any per-minute price PL in the low-demand plan, the fixed fee in the low-demand plan leaves a low-demand consumer with zero surplus; that the number of minutes in the low-demand plan is capped at the number of minutes desired by a low-demand consumer at that plan's per-minute price; and that the high-demand plan has a per-minute price of $0.10 per minute and a fixed fee that leaves the high-demand consumer approximately indifferent between the low- and high-demand plans. Suppose that there are 200 high-demand consumers and 400 low-demand consumers. Will the monopolist's profit be higher when the per-minute price in the low-demand plan is $0.15 or $0.20?

Instructions: Round your answers to 2 decimal places as needed.

a. Suppose the monopolist's per-minute price in the low-demand plan is $0.15.

    Profit = $.

b. Now suppose the monopolist's per-minute price in the low-demand plan is $0.20.

    Profit = $.

In: Economics

Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell one...

Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell one of two new products for a five-year period. His annual pay raises are determined by his division’s return on investment (ROI), which has exceeded 20% each of the last three years. He has computed the cost and revenue estimates for each product as follows:

Product A Product B
Initial investment:
Cost of equipment (zero salvage value) $ 260,000 $ 470,000
Annual revenues and costs:
Sales revenues $ 310,000 $ 410,000
Variable expenses $ 144,000 $ 194,000
Depreciation expense $ 52,000 $ 94,000
Fixed out-of-pocket operating costs $ 76,000 $ 58,000

The company’s discount rate is 18%.

Required:

1. Calculate the internal rate of return for each product.

2. Calculate the project profitability index for each product.

3. Calculate the simple rate of return for each product.

4a. For each measure, identify whether Product A or Product B is preferred.

Net Present Value Profitability Index Payback Period Internal Rate of Return Simple Rate of Return

4b. Based on the simple rate of return, Lou Barlow would likely:

a) Accept Product A
b) Accept Product B
c) Reject both products

In: Accounting

The milky way galaxy is a huge, flattened cloud of spiral arms radiating out from the...

The milky way galaxy is a huge, flattened cloud of spiral arms radiating out from the center. Why does it hae this shape?

In: Physics

JAVA LANGUAGE coding required. You are to take the payroll file called DeweyCheatemAndHow.txt to use as...

JAVA LANGUAGE coding required.

You are to take the payroll file called DeweyCheatemAndHow.txt to use as input to your program and produce a file that lists all the employee and their gross pay. At the end of the file you are to show the average gross pay for each type of employee.

In order to do this, you will need to create the following classes:

Employee:

            Attribues:

                        First name

                        Last name

                        Address

                        Phone

                        SSN

            Methods:

                        Appropriate constructors

                        Set methods for first name, last name, ssn

                        Get methods for last name, first name, ssn, address, phone

                        toString

                        Equals

                        

Salaried:  (Child of Employee)

            Attributes:

                        Salary

            Methods

                        Appropriate constructors

                        Set methods for Salary

                        Get methods for Salary

                        toString

                        Pay

Hourly:  (Child of Employee)

            Attributes:

                        Pay rate

                        Hours worked

            Methods

                        Appropriate constructors

                        Set methods for pay rate, hours worked

                        Get methods for pay rate, hours worked

                        toString

                        Pay

Piece:  (Child of Employee)

            Attributes:

                        Quantity

                        Piece rate

            Methods

                        Appropriate constructors

                        Set methods for Quantity, Piece rate

                        Get methods for Quantity, Piece rate

                        toString

                        Pay

Each line in the file start with a single letter that represents whether the employee is salaried, hourly or piece rate.    The letters are s for salaried, h for hourly and p for piece rate. Below is an example of what each line will look like:

Code ssn first name last name address phone salary

s 123-45-6789 William Tell 1313 Mockingbird lane 513-556-7058 500.75

Code ssn first name last name address phone pay rate hours worked

h 123-45-6789 Scott Tell 1313 Mockingbird lane 513-556-7058 10 40.0

Code ssn first name last name address phone pay per piece number of pieces

p 123-45-6789 Chris Stevens 1313 Mockingbird lane 513-556-7058 7.50 1000

You are to process all the entries provided in the file and produce output that looks like this:

Dewey, Cheatem and How Law Firm

Payroll Report

First Name Last Name SSN  Gross Pay $XXX.

First Name Last Name SSN  Gross Pay $XXX.

First Name Last Name SSN  Gross Pay $XXX.

First Name Last Name SSN  Gross Pay $XXX.

First Name Last Name SSN  Gross Pay $XXX.

First Name Last Name SSN  Gross Pay $XXX.

First Name Last Name SSN  Gross Pay $XXX.

.

.

.

Average salaried employee gross pay:    $XXX

Average hourly employee gross pay:     $XXX

Average pieces employee gross pay:    $XXX

Please note that for this assignment you are to use the data in the file below as the source to input into your program but that the inputting is to be handled by your program prompting the user to input the information. The next assignment will address inputting directly from a file.

s 028-13-3948 Andrew Smith 1313 Mockingbird Lane 513-556-7000 500.75
s 028-24-9971 Andrew Whaley 1776 Liberty Ave 513-556-7001 675
h 112-45-7867 Saif Altarouti 3427 Smith Rd 513-556-7002 20 40
s 123-45-6789 Nicholas Alonso 920 Ohio Ave 513-556-7003 900
s 123-94-3938 Abigail Smith 1600 Penn St 513-556-7004 1200
h 123-97-4556 Matthew Stewart 2925 Campus Green 513-556-7005 16.5 40
s 142-78-2367 Syeda Mullen 345 Ludlow Ave 513-556-7006 763
p 143-49-0923 Arianna Rhine 768 Stratford Dr 513-556-7007 7.5 1000
p 193-93-1283 Emmalese Nuerge 132 Greyfox Rd 513-556-7008 8.5 1010
p 211-54-823 Joshua Ayers 671 Buckwheat Rd 513-556-7009 5.5 500
h 258-29-9102 Nicholas Roth 734 Student Dr 513-556-7010 25 35

In: Computer Science

Nautical Creations is one of the largest producers of miniature ships in a bottle. An especially...

Nautical Creations is one of the largest producers of miniature ships in a bottle. An especially complex part of one of the ships needs special production equipment that is not useful for other products. The company purchased this equipment early in 2016 for $200,000. It is now early in 2020, and the manager of the Model Ships Division, Jeri Finley, is thinking about purchasing new equipment to make this part. The current equipment will last for six more years with zero disposal value at that time. It can be sold immediately for $30,000. The following are last year's total manufacturing costs, when production was 7,800 ships:

Direct materials $28,080
Direct labor 30,030
Variable overhead 12,480
Fixed overhead 34,320
Total $104,910

The cost of the new equipment is $135,000. It has a six year useful life with an estimated disposal value at that time of $50,000. The sales representative selling the new equipment stated, "The new equipment will allow direct labor and variable overhead combined to be reduced by a total of $2.05 per unit." Finley thinks this estimate is accurate, but also knows that a higher quality of direct material will be necessary with the new equipment, costing $0.23 more per unit. Fixed overhead costs will decrease by $4,700.

Finley expects production to be 8,350 ships in each of the next six years. Assume a discount rate of 5%.

REQUIRED

1. What is the difference in net present values if Nautical Creations buys the new equipment instead of keeping their current equipment?

Present Value of $1.00

Period 3% 4% 5% 6% 7% 8% 9% 10% 11% 12%
    1 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.901 0.893
    2 0.943 0.925 0.907 0.890 0.873 0.857 0.842 0.826 0.812 0.797
    3 0.915 0.889 0.864 0.840 0.816 0.794 0.772 0.751 0.731 0.712
    4 0.888 0.855 0.823 0.792 0.763 0.735 0.708 0.683 0.659 0.636
    5 0.863 0.822 0.784 0.747 0.713 0.681 0.650 0.621 0.593 0.567
    6 0.837 0.790 0.746 0.705 0.666 0.630 0.596 0.564 0.535 0.507
    7 0.813 0.760 0.711 0.665 0.623 0.583 0.547 0.513 0.482 0.452
    8 0.789 0.731 0.677 0.627 0.582 0.540 0.502 0.467 0.434 0.404

Present Value of an Annuity of $1.00

Period 3% 4% 5% 6% 7% 8% 9% 10% 11% 12%
    1 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.901 0.893
    2 1.913 1.886 1.859 1.833 1.808 1.783 1.759 1.736 1.713 1.690
    3 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2.444 2.402
    4 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.102 3.037
    5 4.580 4.452 4.329 4.212 4.100 3.993 3.890 3.791 3.696 3.605
    6 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355 4.231 4.111
    7 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.868 4.712 4.564
    8 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 5.146 4.968

In: Accounting

Explain the following observations: Carbon has two important oxides which are both gases at room temperature....

Explain the following observations: Carbon has two important oxides which are both gases at room temperature. In contrast, silicon dioxide (silica) is a solid with a very high melting point.

In: Chemistry

2 Builder Pattern java -set up builder pattern to run this RobotBuilder builder = new RobotBuilder();...

2 Builder Pattern
java
-set up builder pattern to run this 

RobotBuilder builder = new RobotBuilder();
builder.setRam(1000);
builder.setStorage(10000);
builder.setWheels(2);
builder.setName("Robo Ron");
Robot robot = builder.build();

builder = new RobotBuilder();
builder.setName("Robo Rene");
builder.setRam(500);
builder.setStorage(15000);
Robot robot2 = builder.build();

In: Computer Science

A small object with mass 3.70 kg moves counterclockwise with constant speed 1.70 rad/s in a...

A small object with mass 3.70 kg moves counterclockwise with constant speed 1.70 rad/s in a circle of radius 2.80 m centered at the origin. It starts at the point with position vector 2.80î m. Then it undergoes an angular displacement of 9.20 rad. (a) What is its new position vector? m (b) In what quadrant is the particle located and what angle does its position vector make with the positive x-axis? at ° (c) What is its velocity? m/s (d) In what direction is it moving? ° from the +x direction. (e) What is its acceleration? m/s2 (f) Make a sketch of its position, velocity, and acceleration vectors. This answer has not been graded yet. (g) What total force is exerted on the object? N

In: Physics

1) Quantitative Problem 1: Assume today is December 31, 2019. Barrington Industries expects that its 2020...

1) Quantitative Problem 1: Assume today is December 31, 2019. Barrington Industries expects that its 2020 after-tax operating income [EBIT(1 – T)] will be $430 million and its 2020 depreciation expense will be $60 million. Barrington's 2020 gross capital expenditures are expected to be $100 million and the change in its net operating working capital for 2020 will be $30 million. The firm's free cash flow is expected to grow at a constant rate of 6.5% annually. Assume that its free cash flow occurs at the end of each year. The firm's weighted average cost of capital is 8.9%; the market value of the company's debt is $2.8 billion; and the company has 190 million shares of common stock outstanding. The firm has no preferred stock on its balance sheet and has no plans to use it for future capital budgeting projects. Also, the firm has zero non-operating assets. Using the corporate valuation model, what should be the company's stock price today (December 31, 2019)? Do not round intermediate calculations. Round your answer to the nearest cent.
Q. $ ? per share

2) Quantitative Problem 2: Hadley Inc. forecasts the year-end free cash flows (in millions) shown below.

Year 1 2 3 4 5
FCF -$22.17 $38.7 $43.7 $51.4 $56.8

The weighted average cost of capital is 12%, and the FCFs are expected to continue growing at a 3% rate after Year 5. The firm has $26 million of market-value debt, but it has no preferred stock or any other outstanding claims. There are 20 million shares outstanding. Also, the firm has zero non-operating assets. What is the value of the stock price today (Year 0)? Round your answer to the nearest cent. Do not round intermediate calculations.
Q. $ ? per share

3) According to the valuation models developed in this chapter, the value that an investor assigns to a share of stock is dependent on the length of time the investor plans to hold the stock.

Q. The statement above is -Select-true/false

4) Quantitative Problem 3: Assume today is December 31, 2019. Imagine Works Inc. just paid a dividend of $1.20 per share at the end of 2019. The dividend is expected to grow at 18% per year for 3 years, after which time it is expected to grow at a constant rate of 6% annually. The company's cost of equity (rs) is 9%. Using the dividend growth model (allowing for nonconstant growth), what should be the price of the company's stock today (December 31, 2019)? Do not round intermediate calculations. Round your answer to the nearest cent.

Q. $ ? per share

In: Finance

QUESTION 3 On 1 January 2018, MM Bhd acquired a fast food franchise for RM300,000. The...

QUESTION 3

On 1 January 2018, MM Bhd acquired a fast food franchise for RM300,000. The legal life of the franchise is seven (7) years while the economic useful life is six (6) years. On 31 December 2018, the franchise was revalued at RM340,000. Due to the outbreak of the COVID-19 at the end of year 2019, sale of fast food from the franchise is declining. Impairment test conducted showed that the fair value of the franchise was RM250,000. At this date the current trend of the outbreak indicates further sale declining in the next six (6) months. The company adopts the revaluation model to record the franchise.

The company also has legal title to a soft drink brand which was acquired on 1 January 2019 at RM350,000. The brand product is expected to generate cash inflow indefintitely. However, there is no active market available for this type of soft drink. On 31 December 2019, impairment test conducted showed the recoverable amount of the brand was RM310,000.

Financial year end for the company is 31 December.

REQUIRED:

  1. Prepare journal entries to record the accounting treatment related to the franchise of MM Bhd on 31 December 2018 and 31 December 2019.
  2. Explain the accounting treatment for the soft drink brand of MM Bhd on 31 December 2019.

In: Accounting

asdf

asdf

In: Physics