Modern cars are built to improve the likelihood of surviving a crash. Older cars were made of out steel. Modern cars are made from fiber glass and unibodies. Explain how exactly modern cars have decreased injuries and fatalities?
In: Physics
13) T/F If the marginal revenue is less than the marginal cost, a profit-maximizing price taker should increase its output.
14) T/F When a firm is operating in a price-taker market, marginal revenue is always less than the market price.
15) T/F When an economist says a firm is earning zero economic profit, this implies that the firm will likely have to declare bankruptcy in the near future unless market conditions change.
16) T/F In the year 2008, nearly three out of four business firms in the United States were organized as corporations.
17) T/F The limited liability of stockholders in the corporate business structure makes it easier to raise equity capital.
In: Economics
The market for sandwiches consists of two sandwich shops operating in the local market that produce near identical products and that the inverse demand for sandwiches over the lunch hour is given by P = 280 − 2(Q1 + Q2). In this market each firm independently produces a quantity of output, and these quantities are then sold in the market at a price that is determined by the total amount produced by the two firms. The cost function for Shop 1 is C1(Q1) = 3Q1, and costs for Shop 2 is C2(Q2) = 2Q2. Given this information answer the following:
(a) Calculate the marginal revenue for each shop.
(b) Calculate the reaction function for each shop.
(c) Calculate the level of output each shop will produce if the market is in equilibrium.
(d) Calculate the equilibrium profits for each shop.
In: Economics
The market for sandwiches consists of two sandwich shops operating in the local market that produce near identical products and that the inverse demand for sandwiches over the lunch hour is given by P = 280 − 2(Q1 + Q2). In this market each firm independently produces a quantity of output, and these quantities are then sold in the market at a price that is determined by the total amount produced by the two firms. The cost function for Shop 1 is C1(Q1) = 3Q1, and costs for Shop 2 is C2(Q2) = 2Q2. Given this information answer the following:
(a) Calculate the marginal revenue for each shop.
(b) Calculate the reaction function for each shop.
(c) Calculate the level of output each shop will produce if the market is in equilibrium.
d) Calculate the equilibrium profits for each shop.
In: Economics
The market for sandwiches consists of two sandwich shops operating in the local market that produce near identical products and that the inverse demand for sandwiches over the lunch hour is given by P = 280 − 2(Q1 + Q2). In this market each firm independently produces a quantity of output, and these quantities are then sold in the market at a price that is determined by the total amount produced by the two firms. The cost function for Shop 1 is C1(Q1) = 3Q1, and costs for Shop 2 is C2(Q2) = 2Q2. Given this information answer the following:
(a) Calculate the marginal revenue for each shop.
(b) Calculate the reaction function for each shop.
(c) Calculate the level of output each shop will produce if the market is in equilibrium.
(d) Calculate the equilibrium profits for each shop.
In: Economics
Quantum Logistics, Inc., a wholesale distributor, is considering the construction of a new warehouse to serve the southeastern geographic region near the Alabama–Georgia border. There are three cities being considered. After site visits and a budget analysis, the expected income and costs associated with locating in each of the cities have been determined. The life of the warehouse is expected to be 12 years and MARR is 15%/year. City Initial Cost Net Annual Income Lagrange $1,260,000 $480,000 Auburn $1,000,000 $410,000 Anniston $1,620,000 $520,000 a. What is the present worth of each site? b. What is the decision rule for determining the preferred site based on present worth ranking? c. Which city should be recommended?
I need help for B and C if possible please
In: Finance
The Utah Mining Corporation is set to open a gold mine near Provo, Utah. According to the treasurer, Monty Goldstein, “This is a golden opportunity.” The mine will cost $2,700,000 to open and will have an economic life of 11 years. It will generate a cash inflow of $375,000 at the end of the first year, and the cash inflows are projected to grow at 8 percent per year for the next 10 years. After 11 years, the mine will be abandoned. Abandonment costs will be $430,000 at the end of Year 11. a. What is the IRR for the gold mine? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. The Utah Mining Corporation requires a return of 10 percent on such undertakings. Should the mine be opened? Yes No
In: Finance
|
The Utah Mining Corporation is set to open a gold mine near Provo, Utah. According to the treasurer, Monty Goldstein, “This is a golden opportunity.” The mine will cost $3,700,000 to open and will have an economic life of 11 years. It will generate a cash inflow of $475,000 at the end of the first year, and the cash inflows are projected to grow at 8 percent per year for the next 10 years. After 11 years, the mine will be abandoned. Abandonment costs will be $530,000 at the end of Year 11. |
| a. |
What is the IRR for the gold mine? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
| b. |
The Utah Mining Corporation requires a return of 11 percent on such undertakings. Should the mine be opened? |
|
In: Finance
John Hanning owns a small hotel. The following balances were taken from his books on 31 December 2016
Takings (Sales)
Premises, at Cost
Fixtures and Fittings at cost
Minibus
Provision for depreciation, 1 January 2016: Fixtures and
fittings
Minibus
Stock of wine, 1 January 2016 Debtors
Creditors
Bank overdraft
Cash in hand
Wages
Cleaning
Purchase of food and wine Running expenses of minibus Bank interest
(Dr Balance) Advertising
General expenses
Capital
Drawings
$
283,670.00 396,000.00 100,000.00
10,000.00
45,600.00 3,600.00 1,200.00 6,500.00 3,970.00
16,450.00 700.00 61,020.00 27,830.00 121,700.00 4,800.00 1,520.00 5,880.00 13,140.00 427,000.00 30,000.00
Page 2 of 6
Additional information:
Depreciation policies:
The fixtures and fittings should be depreciated at 15% on cost. The minibus should be depreciated at 20% of the written down value.
$3,000 of the total for the purchase of food and wine was in respect of food used by Larsen and his family.
Stock of wine at 31 December 2016 was $1,340.
Bank interest of $280 had accrued at 31 December 2016.
Advertising, costing $900, had been paid in December 2016. This was for advertising leaflets to be published in 2017.
Bad debts, $1,190, were to be written off.
REQUIRED
(a) Prepare the Income Statement for the year ended 31 December 2016.
[20 Marks]
(b) Prepare the Statement of Financial Position as at 31 December 2016.
[20 Marks]
In: Accounting
Which of the following is NOT an assumption of the traditional economic order quantity (EOQ) model?
a. Holding and ordering costs are stable and known.
b. Demand is constant and known.
c. Supply lead time is constant and known.
d. Quantity discounts are possible.
Kim’s Nail Salon uses a weighted moving average method to forecast demand. She assigns a weight of 5 to the previous month’s demand, 3 to demand two months ago, and 2 to demand three months ago. If demand was 800 customers in April, 900 customers in May, 1,200 customers in June, and 2,000 customers in July, what should her forecast for August be?
a. 1,540
b. 910
c. 1,400
d. 1,210
Statewide Insurers receives 600 applications per month. Currently, there are 60 applications in the Reception area and 140 applications with the Underwriting team. How long does Receiving take to process an application? Assume that there are 20 working days per month.
a. 2 days
b. 3 days
c. 7 days
d. 10 days
Based on experience, the manager at the Giraffe Hotel decides to accept a reservation for a party of 12 guests knowing that his hotel is sold out. He is accepting the reservation because:
a. he can cancel the reservations of the 12 lowest-paying guests and get more revenue from the new guests
b. he can make arrangements with the neighboring hotel to accept the 12 guests
c. he is using overbooking techniques and has determined that he can safely accept the 12 guests
d. he knows he will have 6 cancellations and 6 no-shows among the current reservations
A manufacturing firm finds a location using the center of gravity method but rejects that location because they are unable to efficiently transport the finished goods to market. The firm’s action illustrates the link between __________ and location.
a. proximity
b. clustering
c. infrastructure
d. globalization
In: Other