You decide to use your department store charge card .. a lot! After seven weeks you have racked up $1,400 of debt. Your minimum monthly payment is $45, and is paid at the end of each month. If the APR is 16.80%, how long will it take you to pay the loan off? (Assume that you make the minimum payment until the debt is entirely paid off.)

Answers

Answer 1
Answer:

Answer:

41 months

Explanation:

For computing the time period we have to use the NPER formula i.e shown in the attachment

Given that,  

Present value = $0

Future value = $1,400

Rate of interest = 16.80% ÷ 12 months = 1.4%

PMT = $45

The formula is shown below:

= NPER(Rate;PMT;PV;-FV;type)

The future value come in negative

So, after applying the above formula, the time period is 41 months


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Over the next 14 years, inflation is expected to be 5 percent per year in Ectenia and 10 percent per year in Wiknam. If this inflation comes to pass, what will happen over this period to the price of Spam and the exchange rate?

Answers

Answer:

1.8pesos

2.Price of Spam in Ecteria as well as in Wiknam will increase

Explanation:

8 Pesos per dollar=16/2=8pesos

Ans for 2)

Price of Spam in Ecteria as well as in Wiknam will increase

Which of the following would help reduce the amount of frictional unemployment? Choose one or more: (A) Websites that advertise job openings across the country
(B) government policies to help promote a stagnant economy
(C) providing tax breaks to firms that engage in technological innovations
(D) interviewing a wide variety of candidates to ensure a diverse workforce
(E) government policies to limit outsourcing of jobs

Answers

Answer: Option A

               

Explanation: In simple words, it refers to the unemployment which occurs due to the employees shifting and moving from one job to another. This kind of unemployment is unavoidable and exist in every economy to some extent.

A website that advertises job will be helpful to employees for gaining information and awareness about new openings.

Hence from the above we can conclude that the correct option A.

Final answer:

Frictional unemployment could be reduced by enhancing job visibility, promoting economic growth, and limiting outsourcing. The best options for this are advertising job openings widely, implementing government policies to promote a stagnant economy, and creating policies to limit job outsourcing.

Explanation:

Frictional unemployment refers to the period of time when a worker is searching for, or transitioning from one job to another. It's a natural form of unemployment due to factors like workers' voluntary decisions to change jobs or the time lag involved in finding a new job.

Options (A) Websites that advertise job openings across the country, (B) Government policies to help promote a stagnant economy, and (E) Government policies to limit outsourcing of jobs would help reduce the amount of frictional unemployment. (A) would increase the visibility of job opportunities, enabling job seekers to find new roles more quickly. (B) would stimulate economic growth, creating more job opportunities. (E) would keep jobs within the country, increasing local employment opportunities.

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Edgerron Company is able to produce two products, G and B, with the same machine in its factory. The following information is available. Product G Product B
Selling price per unit $120 $160
Variable costs per unit 40 90
Contribution margin per unit $80 $70
Machine hours to produce 1 unit 0.4 hours 1.0 hours
Maximum unit sales per month 600 units 200 units

The company presently operates the machine for a single eight-hour shift for 22 working days each month. Management is thinking about operating the machine for two shifts, which will increase its productivity by another eight hours per day for 22 days per month. This change would require $15,000 additional fixed costs per month. (Round hours per unit answers to 1 decimal place. Enter operating losses, if any, as negative values.)

Required:
a. Determine the contribution margin per machine hour that each product generates.
b. How many units of Product G and Product B should the company produce if it continues to operate with only one shift" How much total contribution margin does this mix produce each month?
c. If the company adds another shift, how many units of Product G and Product B should it produce? How much total contribution margin would this mix produce each month?
d.Suppose that the company determines that it can increase Product GIs maximum sales to 700 units per month by spending S 12,000 per month in marketing efforts. Should the company pursue this strategy and the double shift?

Answers

Answer and Explanation:

a. The computation of total contribution margin is shown below:-

                                                       Product G           Product B  

Contribution margin per unit a             80                        70  

Machine hours per unit b                      0.4                       1  

Contribution margin per

machine hour a × b                                200                    70

b. The computation of total contribution margin is shown below:-

                                                        Product G           Product B      Total

Maximum number of units

to be sold                                                  600                  200  

Hours required to produce

maximum units                                         240                 200            440

c. The computation of units of Product G and Product B and total contribution margin is shown below:-

                                                   Product G       Product B         Total

Hours dedicated to the

production of each product         240                   112                 352

Units produced for most

profitable sales mix  a                      600                  112  

Contribution margin per unit b         $80                  $70  

Total contribution

margin-two shifts a × b                   $48,000           $7,840       $55,840

Hours dedicated to the

production of each product                                                         35,200

Difference                                                                                     $20,640

Change in fixed costs                                                                   $15,000

Change in operating income(loss)                                              $5,640

Therefore, the company add another shifts. So, Yes it will add another shift of the company because it it income.

4. The computation of company pursue this strategy and the double shift is shown below:-

                                            Product G       Product B          Total

Hours dedicated to the

production of each product   280                72                     352

Units produced for

most profitable sales mix        700              72  

Contribution margin per unit   80                 70

Total contribution margin  56,000        5,040             61,040

Contribution margin - two shifts

without marketing campaign                                            55,840

Change in contribution margin                                         5,200

Additional marketing costs                                                $12,000

Change in fixed costs                                                         15,000

Change in operating income(loss)                                   -$21,800

The company pursue the marketing campaign, So, No because the change in operating income is in loss.

Final answer:

a. The contribution margin per machine hour for Product G is $200 per hour and for Product B is $70 per hour. b. If the company continues to operate with only one shift, it should produce 600 units of Product G and 200 units of Product B, generating a total contribution margin of $62,000 per month. c. If the company adds another shift, it should produce 440 units of Product G and 176 units of Product B, generating a total contribution margin of $100,400 per month.

Explanation:

a. The contribution margin per machine hour for Product G can be calculated by dividing the contribution margin per unit by the machine hours required to produce 1 unit. For Product G, the contribution margin per machine hour is $80 / 0.4 hours = $200 per hour. Similarly, the contribution margin per machine hour for Product B is $70 / 1.0 hours = $70 per hour.

b. If the company continues to operate with only one shift, it should produce as many units of Product G and Product B as possible within the maximum unit sales per month. From the given information, the company can produce and sell 600 units of Product G and 200 units of Product B. The total contribution margin for this mix would be (600 units x $80) + (200 units x $70) = $62,000 per month.

c. If the company adds another shift, they should produce as many units of Product G and Product B as possible within the new machine hours available. With the extra 8 hours per day for 22 days per month, the company will have an additional 8 hours x 22 days = 176 machine hours. Using this additional time and the machine hours required to produce 1 unit, the company can produce (176 hours / 0.4 hours) = 440 units of Product G and (176 hours / 1.0 hour) = 176 units of Product B. The total contribution margin for this mix would be (440 units x $200) + (176 units x $70) = $100,400 per month.

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What are other roles of business in the economy?​

Answers

Answer:

i hope it helps u :)

Explanation:

In any market economy, business plays a huge role. Business is the engine of an economy. Business provides jobs that allow people to make money and goods and services that people can buy with the money they make. ... Most businesses provide people with jobs.

Answer:

Explanation:

In any market economy, business plays a huge role. Business is the engine of an economy. Business provides jobs that allow people to make money and goods and services that people can buy with the money they make. ... Most businesses provide people with jobs

Answer the question on the basis of the following production possibilities data for Gamma and Sigma. All data are in tons.On the basis of the given information

a. Gamma should export both tea and pots to Sigma
b. Sigma should export tea to Gamma and Gamma should export pots to Sigma
c. Gamma should export tea to Sigma and Sigma should export pots to Gamma
d. Gamma should export tea to Sigma, but it will not be profitable for the two nations to exchange pots

Answers

Answer:

The correct answer is "C"

Explanation:

Production prospects Frontier utilizes the idea of chance expense of creation. It is the measure of other great relinquished or not created so as to deliver a specific decent.  

For Gamma, the opportunity cost of delivering one unit of tea is 120/120 = 1 unit of pot. For Sigma, this open door cost is 120/40 = 3 units of pot. It shows that the open door cost of delivering tea is lower in Gamma. Consequently Gamma ought to represent considerable authority in the creation of tea and should trade it. Sigma ought to represent considerable authority underway of pots and fare it.

You’ve been asked to participate at a prestigious and well-attended annual conference within your industry. Your participation requires that you sit on a panel of experts during the keynote session of the conference. This session focuses on discussing key industry trends and challenges, and it is expected to draw a large and engaged crowd. The session will include brief presentations by each panelist, as well as a question-and-answer portion where you will respond to the audience. Which of the following aspects of effective communication should you give the most attention during the conference session?A. Establishing your credibility as an industry expert.
B. Linking your comments to comments made by other panelists.
C. Integrating evidence into your comments.
D. Making sure that your viewpoints are clearly heard.

Answers

Answer:

Making sure that your view points are clearly heard.

Explanation:

Effective communication can be defined as the process of passing out information in a clear and concise manner. It is a means of successfully conveying information to the listener.

Effective communication helps to improve productivity among employees in an organisation. This type of communication can be enhanced by a good body language.

In the scenario described above, an effective communication can be achieved by ensuring that your viewpoints are clearly understood by the audience.

Answer:

d

Explanation: