Answer:
$48,840.00
Explanation:
With an average income of $37,000
A graduate is expected to earn 32% more than that amount.
The anticipated earnings for the graduate would be $37,000 + ( 32% of $37,000)
=$37,000 +(32/100 * 37,000)
=$37,000 + $11,840.00
= $48,840.00
Response:
The right choice is option b.
Analysis:
The equilibrium price and quantity for a product emerge from the interplay between its demand and supply curves.
An uptick in supply results in a rightward shift of the supply curve, whereas a decrease in demand results in a leftward move in the demand curve.
Consequently, the price of the product will decrease. Meanwhile, the alteration in quantity is contingent on the scale of changes in both demand and supply.
Answer:
The responses are listed as follows:
A. Increase the output
B. Decrease the output
C. Keep the output the same
D. Decrease the output
Explanation:
In the case of A.
If the maximum price consumers are ready to pay surpasses the minimum price acceptable, output should be increased because consumers’ willingness to pay a higher price translates into greater revenue, hence boosting profit.
For B.
When marginal cost exceeds marginal benefit (mc > mb), output should be reduced. This is because profit maximization occurs when marginal costs equate marginal benefits; therefore, exceeding marginal benefits will lead to losses, necessitating a reduction in output.
For C.
If total surplus is maximized, output should remain unchanged, as implementing additional outputs at this peak would result in diminishing returns on invested resources.
For D.
When the current output exceeds the equilibrium quantity in the market, the output should be decreased to prevent oversaturation of the market, which would lower prices.
The recorded amount for sales revenue at the initiation of the lease is $25,711.08.
To determine the present value of future cash flows from the lease, we apply the present value formula in excel as follows:
pv(rate,nper,pmt,fv)
where, rate is 7%, the rate embedded in the lease; nper denotes 3 years; pmt is the annual payment of $7,000; and fv remains unknown.
Using the formula, we find:
pv(6%,3,7000,0)=$18,711.08. Adding the $7,000 at commencement gives us:
$18,711.08 + $7,000 = $25,711.08.
