Suppose that consumer (retail) demand for a product is given by:
Q=100−P,
where Q is the quantity demanded and P is the price. The inverse demand curve (which gives the price as a function of the quantity demanded) is:
P=100−Q.
The marginal cost of production and average total cost of production are $26 per unit, and the marginal cost of distribution and average total cost of distribution are $10 per unit.
Suppose the retail distribution is monopolized by another firm.
The profit-maximizing wholesale price will be__?
and the profit-maximizing output will be__units?
The producer's profit will be__?
The retail quantity will be__units
and the retail price will be__?
The profit of the monopoly retailer will be__?
Should you vertically integrate? Which of the following statements explains your answer?
A.No, you should not integrate because your pre-merger combined profit is
$512
while your post-merger profit is
$256.
B.Yes, you should integrate because your pre-merger combined profit is
$512
while your post-merger profit is
$768.
C.Yes, you should integrate because your pre-merger combined profit is
$768
while your post-merger profit is
$1,024.
D.No, you should not integrate because your pre-merger combined profit is
$768
while your post-merger profit is
$256.
In: Economics
The goal is to reduce the size of the render method's return expression (and perhaps the render method itself) by moving some of the JSX expressions into separate blocks of code. You should use descriptive names for your JavaScript variables or functions.
import React, { Component } from 'react';
import styles from './App.module.scss';
function formatPrice(price) {
const dollars = Math.floor(price / 100)
let cents = `${price % 100}`.padEnd(2, '0')
return `$${dollars}.${cents}`
}
class App extends Component {
render() {
const { cart } = this.props;
return (
<section className={styles.App}>
<h1>Shopping Cart</h1>
<div className={styles['product-list']}>
<>
<div className={styles.product + ' ' + styles.header}>
<h3>Item</h3>
<h3>Description</h3>
<h3>Quantity</h3>
<h3>Price</h3>
<h3>Total</h3>
</div>
{
cart.map(item => (
<div key={item.id} className={styles.product}>
<p>{item.name}</p>
<p>{item.description}</p>
<p>{item.quantity}</p>
<p>{formatPrice(item.price)}</p>
<p>{formatPrice(item.quantity * item.price)}</p>
</div>
))
}
<hr />
<div className={styles.product + ' ' + styles.header}>
<p></p>
<p></p>
<p></p>
<h3>Total</h3>
<h3 style={{ color: "black"}}>
{formatPrice(cart.reduce((total, item) => total + item.quantity
* item.price, 0))}
</h3>
</div>
</>
</div>
</section>
);
}
}
export default App;
In: Computer Science
Use the following information to answer questions 23 to 30. In order to ascertain clarity on how much cash Musa (Pty) Ltd needs each month, complete the cash budget using the information below. Sales (in rand) are as follows:
|
:June |
July |
August |
September |
October |
November |
|
950 000 |
1 100 000 |
1 300 000 |
1 450 000 |
1 600 000 |
1 850 000 |
Of the company’s sales, 40% are done in cash. Credit sales are collected as follows:
40% during the month of sale
20% during the first month following the month of sale
20% during the second month following the month of sale
20% during the third month following the month of sale
Purchases are as follows:
|
June |
July |
August |
September |
October |
November |
|
530 000 |
600 000 |
300 000 |
715 000 |
880 000 |
1 000 000 |
All purchases are on credit and are paid as follows:
40% during the month of purchase
30% during the first month following the month of purchase
15% during the second month following the month of purchase
15% during the third month following the month of purchase
Other information
Salaries and wages of R100 000 are paid monthly
Rent of R50 000 on a monthly basis
Interest on debt of R4 000 each month
Major maintenance on machines and plant amounting to R1 500 000 in October was undertaken.
Depreciation costs of R20 000 is charged on a monthly basis
At the beginning of September, the business will have R50 000 in cash
The management of the company has a policy of maintaining R50 00 minimum cash balance.
Requirements:
Compile the cash budget for Musa (Pty) Ltd for the months of September, October and November. Also indicate the financing needed to maintain the minimum cash balance and meet the operational requirements.
Question 23
Calculate the total credit sales collected for October.
1. R846 000
2. R896 000
3. R950 000
4. R986 000
Question 24
Calculate the opening balance for October.
1. R430 000
2. R585 800
3. R680 500
4. R720 200
Question 25
Calculate the total credit purchases collected for September.
1. R360 000
2. R460 000
3. R520 500
4. R545 500
Question 26
Calculate the total credit sales collected for November.
1. R566 000
2. R700 000
3. R966 000
4. R975 000
Question 27
Calculate the financing required for October.
1. R239 000
2. R397 500
3. R405 000
4. R515 000
Question 28
Calculate the financing required for November.
1. R154 000
2. R297 500
3. R496 750
4. R515 000
Question 29 Calculate the cash sales for September. 1. R340 000 2. R580 000 3. R650 000 4. R700 000 .
Question 30 Calculate the credit purchases for June that were collected in September. 1. R114 000 2. R140 000 3. R160 000 4. R170 000
In: Finance
Two semiconductor factories are being compared to see if there is a difference in the average defect rates of the chips they produce. In the first factory, 250 chips are sampled. In the second factory, 350 chips are sampled. The proportions of defective chips are 4.0% and 6.0%, respectively.
Using a confidence level of 95%, which of the following statements is supported by the data?
Group of answer choices
There is not sufficient evidence to show a significant difference in the average defect rates of the two factories.
There is a significant difference in the average defect rates of the two factories.
The first factory's average defect rate is lower than the second factory's on 95 out of 100 days of operation.
None of the above.
In: Statistics and Probability
ANACOND is a construction company that is thought of creating a new residential block. Noted that the initial investment to buy land and build buildings is amounting to 55 billion. If the project is successful, net income results at the end of the first year amounted to 100 billion and nothing again afterwards. If this project fails, then net income results to be obtained is 20 billion at the end of the first year and 20 billion at the end of the second year. The annual effective interest is 15%. If ANACOND immediately carried out the construction process (they took bill of this project), then the project's chance of success is 50%. Dap- Attention: (a) NPV of this project.
(b) IRR if the project is unsuccessful.
In: Finance
Your start-up company needs capital. Right now, you own 100% of the firm with 10.4 million shares. You have received two offers from venture capitalists. The first offers to invest $2.97 million for 1.05 million new shares. The second offers $1.97 million for 461,000 new shares.
a. What is the first offer's post-money valuation of the firm?
b. What is the second offer's post-money valuation of the firm?
c. What is the difference in the percentage dilution caused by each offer?
d. What is the dilution per dollar invested for each offer?
(Round to the nearest dollar.)
In: Finance
Steam at 4800 lbf/ in.2, 1000°F enters the first
stage of a supercritical reheat cycle including two turbine stages.
The steam exiting the first-stage turbine at 600 lbf
/in.2 is reheated at constant pressure to 1000°F. Each
turbine stage and the pump has an isentropic efficiency of 91%. The
condenser pressure is 1 lbf/ in.2 If the net power
output of the cycle is 100 MW, determine
(a) the rate of heat transfer to the working fluid
passing through the steam generator, in MW.
(b) the rate of heat transfer from the working
fluid passing through the condenser, in MW.
(c) the cycle thermal efficiency.
In: Mechanical Engineering
You take out a mortgage loan from First Bank of Terlingua with the following characteristics:
-compounding period is monthly
-loan is for $200,000
-APR = 3.91%
-initial maturity is 30 years
-this mortgage loan has no points
Now suppose that First Bank allows you to accelerate your loan payments by paying an additional $100 each month. (We assume that the bank does not charge a fee for exercising this option.) When we take the acceleration into account, what is your effective annual rate?
Do not round at intermediate steps in your calculation. Report the rate in percent to three decimal places. Do not type the % symbol.
In: Finance
In: Finance
1. Suppose you just won the state lottery, and you have a choice between receiving $2,550,000 today or a 20-year annuity of $250,000, with the first payment coming one year from today. What rate of return is built into the annuity? Disregard taxes.
2. Your girlfriend just won the Florida lottery. She has the choice of $15,000,000 today or a 20-year annuity of $1,050,000, with the first payment coming one year from today. What rate of return is built into the annuity?
3. How much would $100, growing at 5% per year, be worth after 75 years?
In: Finance