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xenn
2 months ago
7

Omega Instruments has budgeted $300,000 per year to pay for certain ceramic parts over the next 5 years. If the company expects

the cost of the parts to increase uniformly according to an arithmetic gradient of $10,000 per year, what is it expecting the cost to be in year 1, if the interest rate is 10% per year?
Business
1 answer:
marusya05 [3.7K]2 months ago
4 0

Answer:

281,281.28

Explanation:

The anticipated expense is 300,000 + 10,000 = 310,000

with an interest rate of 10%

the discounted value amounts to 281,281.28

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Leroy's credit card has an APR of 21%, calculated on the previous monthly
arsen [3447]

Answer:

38.76

Explanation:

7 0
2 months ago
Read 2 more answers
Crockin Corporation is considering a machine that will save $9,000 a year in cash operating costs each year for the next six yea
arsen [3447]

Answer:

The rate is 16%.

Explanation:

We need to note that the internal rate of return (IRR) is what makes the net present value (NPV) equal to zero.

In this scenario, we have an annuity of 9,000 for six years.

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 9,000.00

time 6.00

rate IRR

9000 \times \frac{1-(1+IRR)^{-6} }{tir} = PV\\

Where the present value is equal to the investment:

9000 \times \frac{1-(1+IRR)^{-6} }{tir} = 33,165\\

We can refer to the annuity factor table to find the closest value.

33165 / 9000 = 3.685

By looking up values for n = 6, we find the nearest match.

Then we can perform trial and error until we identify the correct one.

In this case, the IRR can be estimated just by consulting the table.

For n = 9 and a 16% rate, the factor is 3.685.

This figure corresponds to our annuity factor, hence it indicates the rate.

5 0
2 months ago
You’ve dreaded it for a while, but now you feel prepared. In 30 minutes you’ll have to terminate Tim, a 12-year employee who is
Nady [3600]

Answer: Tone of communication

Explanation: The tone of voice reflects the emotions underlying your message. Even if your vocal tone remains unchanged, the way you communicate with someone matters. For instance, if you’re frustrated, your tone may come off as harsh; when you are happy, your tone may convey delight.

In summary, tone represents the demeanor of speakers when addressing their audience. It reveals the speaker's maturity and manner of handling situations.

Thus, we can conclude that tone is crucial in this scenario, as the recipient of the message can be emotionally influenced by the conveyed information.

6 0
2 months ago
A customer, who needs to drive to work in a Wisconsin winter, has a critical need to use the product Ice Melt. For him as a cons
stepan [3596]

Answer:

The urgency or possibility of postponement results in an inelastic demand for ice melt by customers.

Explanation:

Demand elasticity indicates how much the demand for a product changes in response to a price shift. The formula is % change in demand / % change in price

Factors that influence the price elasticity of demand include the type of product, income level, availability of substitutes, time frame, urgency or potential for delay, and proportion of total spending.

Inelastic demand occurs when changes in demand are less proportional relative to price changes. % change in demand < % change in price

Case 'Customer urgently requires ice melt to commute to work': This situation reflects inelastic demand, meaning demand does not significantly change with price alterations (he will purchase it even at a higher cost). This is due to the pressing nature of the demand and limited possibilities for postponing it.

5 0
1 month ago
1. Identify and briefly discuss three factors which influence the choice of crops produced by commercial farmers?[ 2. What is th
marusya05 [3725]

Response:

1. a) Site,

    b) profits

    c) Whether it is feasible to grow the crop with available resources or not

Rationale:

Traders in farming regard the site as a vital factor for their crops, as it hinges on land quality and applicable taxes, and the site of their produce is crucial for transporting goods to ensure they reach markets in optimal condition.

Additionally, the farmer assesses the potential profit from the harvested crops, opting to grow those that yield the highest returns, and must ensure that they have sufficient labor and resources necessary for harvesting and bringing products to market.    

2. Producers of dairy must be mindful of how close their farms are to markets because these products have a short shelf life before they spoil.

Rationale:

Dairy goods are highly perishable and challenging to transport given their limited expiring time, which is a key reason why commercial farmers need to consider that their farms should not be too far from distribution points, allowing them to transport products securely and distribute without worrying about spoilage and loss of profits.

3. A commercial farmer focuses on two primary expenses, the transportation costs and the potential benefits of the crop.

Rationale:

For commercial farmers, during cultivation, there are two crucial expenses to consider: one is the cost of transporting their goods to distribution points, and they must ensure these costs remain manageable since the profit they can gain is also important; thus, farmers aim to minimize investment to enjoy substantial profits.

   

4. Von Thunen's theory posits that the distance to the market is a vital consideration for farmers. According to Von Thunen, a farmer's income is likely to diminish the further they are from the market at which their products are sold.

Rationale:

5.  1. One of the assumptions made by Von Thunen is the presence of only one single market that is self-sufficient without any external input.

    2. Another assumption is that the physical conditions are uniform, lacking rivers, mountains, etc.

    3. Lastly, it is assumed that all farmers aim to maximize their profits.

Rationale:

1. Von Thunen's initial assumption suggests only one market is available and is not influenced by outside factors, but this might not hold true since multiple markets exist due to consumer demand, as well as other farmers from various regions supply products, and cities necessitate external influences for development, which is essential for urban advancement.

2. In his hypothesis, Von Thunen indicates that the agricultural production environments are consistent, which is challenging given that land topographies influence terrain variations; this uniformity could only be realized if the lands were altered by human intervention.

3. Von Thunen's final assumption highlights an optimistic scenario wherein farmers take actions to maximize their profits, which means they will continue to strive for the best possible outcomes.

6. 1. At the core ring lies the market. This market serves as the focal point of the city, conveniently reached from nearby areas.

   2. The subsequent ring is made up of intensive farming and dairy. These items are located closer due to their higher demand and the quick spoilage of other products.

  3. Following that, the next ring is the forest. Wood was highly sought after because it was essential for heating and cooking, and its placement was determined by the fact that it was heavy and cumbersome to transport.

  4. The penultimate ring was designated for extensive crops like bread grains, which are lighter and therefore easier to transport and less costly.

  5. And ultimately, the outermost ring is used for livestock. Animals can be raised and bred farther from markets since they do not require transport expenses, thus saving money for farmers.

Rationale:

In his theory, Von Thunen discussed the significance of geographical positioning in agriculture, where commercial farmers could leverage land characteristics. For Thunen, a proper organization of land sites, from those most costly and challenging to transport to those easier, would foster the greatest yields; thus, he theorized how market rings should be established.

   

I trust this information proves useful to you.

5 0
1 month ago
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