A firm in a competitive industry has a total cost function of:
TC = 0.3Q2 – 6Q + 60
Its corresponding marginal cost curve is:
MC = 0.6Q – 6
At what price is the firm in the long run equilibrium
Present a graphical representation of this case study and discuss about the profit maximising output under the different scenarios presented above. Would you introduce any policy intervention in this case? Under which circumstances?
Answers
In this case, the firm makes a loss as the total cost exceeds the total revenue. Therefore, the profit-maximizing level is Q1, where the firm makes profits without incurring any loss.
The long run equilibrium is achieved when the price is equal to the marginal cost.
Therefore, by equating the two functions and solving for Q, we get; MC = P0.6Q – 6 = P ⇒ Q = (P + 6) / 0.6
Substituting into the total cost function,
we get; TC = 0.3Q2 – 6Q + 60TC = 0.3[(P + 6) / 0.6]2 – 6[(P + 6) / 0.6] + 60
Simplifying; TC = 0.5P2 – 3.5P + 66At long run equilibrium; P = MC = 0.6Q – 6 = 0.6[(P + 6) / 0.6] – 6 = P,
we get;0.5P2 – 3.5P + 66 = P ⇒ P = 16
Therefore, at the long run equilibrium, the price is 16.Graphical representation of the case study In the graph below, the total cost curve (TC), marginal cost curve (MC), average cost curve (AC), and the revenue curve (TR) have been plotted. In the long run, the price (P) equals the marginal cost (MC),
where the two curves intersect at Q = 10 and P = 16.The firm's profit-maximizing output level can be established through different scenarios. The first scenario is where the firm produces at Q1. At this level, the firm makes profits, where the total revenue exceeds the total cost. If the firm produces below Q1, it will make losses, while if it produces above Q1, it will incur diminishing returns, leading to higher costs.
The second scenario involves the case where the firm is producing at No policy intervention is required in this case since the firm operates in a perfectly competitive market.
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Related Questions
What to do before creating a business plan an entrepreneur must research?
Answers
An entrepreneur needs to examine firms that have existed in the past before writing a business plan.
Before opening a business, an entrepreneur should do the following research:Researching rivals, evaluating the legal issues of your industry, taking into account your personal and business finances, being realistic about the risk involved, understanding timing, and hiring aid are all recommended as effective first steps in beginning a business, according to experts.
What kind of analysis is required for a company plan?Sort your research using the research plan's seven categories. These comprise the executive summary, business description, list of goods and services, market analysis, strategy and implementation, management structure, and budget and projections.
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Dioxin emission that results from the production of paper is a good example of a negative externality because.
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Dioxin emission that results from the production of paper is a good example of a negative externality because self-interested paper producers do not consider the full cost of the dioxin pollution they create.
Negative externality appears when the consumption or production of a good is having a harmful effect on a third party. These third parties include any individual, organization, property owner, or resource and all these are indirectly affected.
Different externalities are produced from production and consumption. Like from production carbon emissions from factories is a negative externality. Waste that arises from the consumption part is also a negative externality.
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MPUMI BOTTLE Manufacturers Identify the strengths and weakness
Answers
The Strengths:
Experience: MPUMI BOTTLE manufacturers may have extensive experience in the production and distribution of bottles, which can give them a competitive advantage in the market.
Quality Control: MPUMI BOTTLE manufacturers may have strict quality control processes in place to ensure that their products meet high standards of durability, safety, and functionality.
What is the Weaknesses?The Weaknesses:
Competition: MPUMI BOTTLE manufacturers may face intense competition from other bottle manufacturers, both domestic and foreign, which can make it difficult for them to maintain a competitive advantage.
Dependence on Raw Materials: MPUMI BOTTLE manufacturers may be heavily dependent on the availability and price of raw materials, such as plastic, glass, and metal, which can affect their production costs and competitiveness.
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A company earns $500,000 in revenue and has $100,000 in allowable expenses & depreciation. A) What is the State Tax owed using a 9% State Tax Rate? Same problem as above, what is the Federal Corporate Tax owed and no limit to state tax deductions, using the Tax Rate from Table 12-1 for 2018+ tax rate (i.e. flat 21%): Same problem as above, what is the Combined Incremental tax rate for the company? Enter your answer in decimal format to 4 decimal places (i.e. 15.25% would enter in as 0.1525)
Previous question
Answers
A) The State Tax owed can be calculated by multiplying the revenue minus allowable expenses and depreciation by the State Tax Rate. In this case, the State Tax owed is $36,000 (9% of $400,000).
B) The Federal Corporate Tax owed can be calculated by multiplying the revenue minus allowable expenses and depreciation by the Federal Tax Rate. In this case, the Federal Tax owed is $78,000 (21% of $400,000). C) The Combined Incremental tax rate for the company is the sum of the State Tax Rate and the Federal Tax Rate. In this case, the Combined Incremental tax rate is 0.3000 (9% + 21% = 30%). A) To calculate the State Tax owed, we multiply the taxable income (revenue minus allowable expenses and depreciation) by the State Tax Rate. In this case, the taxable income is $400,000 ($500,000 - $100,000) and the State Tax Rate is 9%. So, the State Tax owed is $36,000 (0.09 * $400,000). B) Similarly, to calculate the Federal Corporate Tax owed, we multiply the taxable income by the Federal Tax Rate. The taxable income remains the same at $400,000, and the Federal Tax Rate is 21% (as per the given information). So, the Federal Tax owed is $78,000 (0.21 * $400,000). C) The Combined Incremental tax rate is the sum of the State Tax Rate and the Federal Tax Rate. In this case, it is 0.3000 (9% + 21% = 30%). This represents the total tax burden on the company's taxable income.
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WILL GIVE BRAINLEST ASAP!!!!!! Good afternoon can someone answer this please
Answers
1. what you have noticed on the posted materials in
What manner did the advertisers promote their producter?
Answers
Answer:
Explanation:
Advertising is the lure that draws new customers to your business or product. Small businesses utilize several options to advertise a product or service. ... that receive heavy traffic is one way to get the word out about your business. ... venue with a stamp that bears your company logo; the attendees will then have your logo ...
Which is not a benefit of a checking account?
Answers
Answer:
no interest
Explanation:
A checking account is a type of account that enables comfortable deposits and withdrawal of money for regular trades.
It can include deposit and withdrawal of cash as well as cheque.
Getting no interest in a checking account is not a beneficial factor.
The benefits of the checking accounts are convenience, easy budgeting and safety.
As compared to the saving account having a proof of payment is the beneficial point of having checking account.
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advantage of transport
Answers
Door to Door Service:
Service in Rural Areas:
Flexible Service:
Suitable for Short Distance:
Lesser Risk of Damage in Transit:
Saving in Packing Cost:
Rapid Speed:
Cheyenne Corp. purchased land for a new parking lot for $135000. The paving cost $191000 and the lights to illuminate the new parking area cost $55000 Which of the following statements is true with respect to these additions?
O $382000 should be added to Land Improvements.
O $326000 should be added to the Land account.
O $382000 should be added to the Land account.
$247000 should be added to Land Improvements
Answers
Answer:
$247,000 should be added to Land Improvements.
Land Improvements are costs incurred to make land more suitable for its intended purpose. The paving and lighting costs are considered Land Improvements since they make the land more suitable for use as a parking lot.
Therefore, the total cost of the land and the improvements should be added to the Land Improvements account. The total cost of the land and the improvements is:
$135,000 (cost of land) + $191,000 (paving cost) + $55,000 (lighting cost) = $381,000
Therefore, $247,000 should be added to Land Improvements since $135,000 is already included in the cost of land. The correct answer is:
$247,000 should be added to Land Improvements.
The statements which is true with respect to these additions is that $247000 should be added to Land Improvements.
The additions made to the land, such as paving and installing lights, are considered to be improvements to the property. As a result, they should be recorded separately from the initial purchase of the land.
To determine the appropriate account to record these improvements in, it is necessary to look at their cost and useful life. In this case, the paving cost $191000 and the lights cost $55000.
Both of these items are considered to have a useful life of more than one year, which means they should be depreciated over time.
The cost of these improvements, $191000 and $55000, should be added together for a total of $246000. This amount should then be recorded in the Land Improvements account, which is a separate account from the Land account.
Therefore, the correct statement is: $247000 should be added to Land Improvements. This reflects the total cost of the improvements made to the land, which will then be depreciated over their useful life.
It is important to note that the Land account should not be adjusted for these additions, as it represents the initial purchase price of the land and not any improvements made to it.
By separating out the improvements into a separate account, the company can more accurately track the value of their assets over time and properly account for any depreciation expenses.
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Can someone hurry and help me please!! If you answer be at least 99% sure. Thank you!
What is a likely result of an increase in trade between nations?
A. It will provide consumers with more choice at lower prices.
B. It will increase the cost of goods due to increased competition.
C. It will lower the standard of living in the weaker trade nation.
D. It will restrict the market for domestic products.
Answers
Answer:
The answer is A. It will provide consumers with more choice at lower prices.
Explanation:
Option (a), which will give customers more choices at a reduced cost, is the best choice.
What is a likely outcome of an increase in international trade?Trade allows for the expansion of markets and access to products and services that might not otherwise be available locally. The competitiveness in the market has increased as a result of global trade. The cost of the final product for the consumer is reduced as a result of increased pricing competition.
Because it promotes market specialization, fosters innovation, and decreases the cost of commodities globally, trade is crucial for maintaining a competitive global economy. A further benefit of trade is having access to goods and services that may be more affordable and of higher quality than those that are provided domestically.
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...hype me up ayeeee
Answers
Answer:
Fact: Some fungi create zombies, then control their minds
Explanation:
The tropical fungus Ophiocordyceps infects ants’ central nervous systems. By the time the fungi been in the insect bodies for nine days, they have complete control over the host’s movements. They force the ants to climb trees, then convulse and fall into the cool, moist soil below, where fungi thrive. Once there, the fungus waits until exactly solar noon to force the ant to bite a leaf and kill it.
Answer:
yes
Explanation:
At year-end december 31, chan company estimates its bad debts as 0.80% of its annual credit sales of $976,000. chan records its bad debts expense for that estimate. on the following february 1, chan decides that the $488 account of p. park is uncollectible and writes it off as a bad debt. on june 5, park unexpectedly pays the amount previously written off. Prepare Chan's journal entries for the transactions.
Answers
By using the terms, Year-end, December 31 Chan Company, bad debts, 0.80%, annual credit sales, $976,000, bad debts expense, estimate, February 1, $488, P. Park, uncollectible, write-off, June 5, payment, journal entries are given below.
At years end on December 31, Chan Company estimated its bad debts at 0.80% of its annual credit sales of $976,000. To record the bad debt expense for that estimate, follow these steps:
Step 1: Calculate the bad debt expense.
Bad Debts Expense = 0.80% * $976,000
Bad Debts Expense = $7,808
Step 2: Prepare the journal entry for the estimated bad debt expense.
Debit Bad Debts Expense: $7,808
Credit Allowance for Doubtful Accounts: $7,808
On February 1, Chan decides that the $488 account of P. Park is uncollectible and writes it off as a bad debt. Prepare the journal entry for writing off the account:
Debit Allowance for Doubtful Accounts: $488
Credit Accounts Receivable - P. Park: $488
On June 5, Park unexpectedly pays the amount previously written off. Prepare the journal entries for the recovery of the account:
Step 1: Reversing the write-off
Debit Accounts Receivable - P. Park: $488
Credit Allowance for Doubtful Accounts: $488
Step 2: Recording the cash payment
Debit Cash: $488
Credit Accounts Receivable - P. Park: $488
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In 1931, President Herbert Hoover was paid a salary of $75,000. Government statistics show a consumer price index of 15.2 for 1931 and 237 for 2015. President Hoover’s 1931 salary was equivalent to a 2015 salary of about: a) $1,057,894. b) $16,080,001. c) $1,169,408. d) $4,965.
Answers
Answer: c) $1,169,408.
Explanation:
Given the following:
Consumer price index(CPI) :
Year 1 = 1931 = 15.2
Year 2 = 2015 = 237
Salary in 1931 = $75,000
Equivalent salary in 2015 Given the details above:
Salary in 1931 × (CPI for year 2(2015)/ CPI for year 1(1931))
$75,000 × ( 237 / 15.2)
= $75,000 × 15.592105
= $1,169,407.8
= $1,169,408
Which is a strategy for using technology to help stay fit?
a. going for a walk and guessing how many miles you walked
b. exercising when you feel inspired to do it
c. wearing a fitness bracelet that keeps track of your daily steps
d. watching Netflix or television after a long day of classes
Answers
A strategy for using technology to help stay fit is wearing a fitness bracelet that keeps track of your daily steps.
Wearable fitness technology uses a device that is worn at all times to measure physical activity such as steps walked, calories burn, and workout intensity.
Looking down at an electronic gadget for a long periods can lead to neck and back pain as well as pains in elbows, wrists and hands. To overcome these causes by using fitness technology is a great way for physical activities.
Pedometer-based walking programs were also associated with significant decreases in body mass index, etc.
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There is a growing movement in the United States led by the progressive wing of the Democratic Party to have the federal minimum wage raised to $15/hr. Some people agree with the $15/hr minimum wage for the United States, while others oppose raising the minimum wage. The arguments against raising the minimum wage range from the government should not dictate salaries to it will cause low wage workers to lose their jobs since businesses cannot afford a $15/hr minimum wage.
Do you agree with a $15/hr federal minimum wage? The current federal minimum wage in the United States is $7.25/hr. Fully explain your position on this issue in 2 - 3 paragraphs.
Source: Surviving an Unlivable Wage l Full Documentary (Financial Literacy)
Answers
In my opinion, minimum wage should be increased because an increase in minimum wage would reduce poverty, increase consumer spending, and promote economic growth.
Why Should Minimum Wage be Increased?Minimum wage has not kept pace with inflation, and that the current federal minimum wage of $7.25/hr is not a living wage in most parts of the United States. A $15/hr minimum wage would provide a more realistic living wage for many low-wage workers, but there is disagreement on whether this should be achieved through federal legislation or through individual state action.
Ultimately, whether or not to raise the minimum wage is a complex issue that involves balancing the needs of workers, businesses, and the overall economy. It is important for policymakers to carefully consider the potential impacts of any minimum wage increase and to find ways to support low-wage workers without unduly burdening businesses.
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A local government is managing ads aimed at improving public health awareness. The government pays a
social networking app to show its ads in users’ news feeds. The social networking app has a variety of adds
to show. If the government pays a fee, the app will guarantee that the ad will be shown, but that the add
will be randomly mixed with other ads. The government believes they will improve health outcomes if
users see two consecutive ads with health initiatives.
The app will show a user exactly one ad each minute. The apps algorithm also states that if an ad has been
shown then it will not be shown to the user again. The social media site shows all ads that it has been
contracted to display.
The app is currently contracted to display 5 health-related ads and 11 ads that are not health initiatives.
Every ad is considered ‘unique’, i.e. there are no repetitions.
i. How many ways can the app arrange these ads?
ii. How many ways can the app arrange these ads, where there are at least two health ads in a row?
iii. How many ads should the government have in their portfolio if they wish to ensure there is a probability
of at least 0.5 of a user seeing at least two of their ads in a row?
Answers
The app can arrange the ads in a total of 16!/(5!*11!) = 4368 ways. This is calculated using the formula for combinations.
where 16 represents the total number of ads and 5 and 11 represent the number of health-related ads and non-health ads, respectively. To calculate the number of ways the app can arrange the ads with at least two health ads in a row, we can consider the health ads as a single entity. Therefore, we have 12 entities (11 non-health ads + 1 group of health ads) to arrange. The number of ways to arrange these entities is 12!. However, within the group of health ads, there are 5! ways to arrange them. Hence, the total number of arrangements is 12!/5! = 95,040. To ensure a probability of at least 0.5 of a user seeing at least two ads in a row, the government should have a portfolio of at least 6 health-related ads. If they have 6 health-related ads, the probability of two consecutive health ads being shown is (6/16) * (5/15) = 1/8, which is greater than 0.5.
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if a company overstates its ending inventory for the current year, what are the effects on cost of goods sold and net income for the current year?
Answers
The understatement of cost of products sold and the overstatement of net income for the current year will result from the overstatement of ending inventory for the current year.
The value of the inventory represented on the balance sheet is higher than its real worth when a corporation overstates its ending inventory. In turn, this will result in a cheaper cost of goods sold because the cost of the inflated inventory won't be taken into account. The current year's net income of the company will be inflated because net income is determined by deducting cost of goods sold from revenue.
Essentially, an overstatement of closing inventory can falsely inflate a company's profits for the current year and, if the overstatement is not corrected, can have a cascade effect on future financial statements. To avoid such mistakes and maintain the integrity of their financial reporting, businesses must guarantee the accuracy of their inventory accounting.
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a.) Use the Change Management equation below to revisit the
case study and explain the change management equation in terms of
the case study provided. For example
explain where the Pressure for Change
Extract: Nearly 200 chief executives, including the leaders of Apple, Pepsi and Walmart, tried on Monday to redefine the role of business in society and how companies are perceived by an increasingly
Answers
The Change Management equation can be used to analyze the case study and understand the factors influencing change, such as the Pressure for Change.
What role does the Change Management equation play in analyzing the case study?The Change Management equation provides a framework for understanding and analyzing the factors that drive or influence change within an organization or a broader context, such as the case study mentioned. One important aspect of the equation is the Pressure for Change, which refers to the internal or external forces that create a need or urgency for change.
In the case study, the extract highlights the efforts of nearly 200 chief executives from prominent companies like Apple, Pepsi, and Walmart, who aimed to redefine the role of business in society and improve the public perception of companies. This collective action signifies a growing awareness and recognition of the need for change in how businesses operate and how they are perceived by various stakeholders.
The Pressure for Change can be understood as the external forces acting upon these chief executives, including societal expectations, evolving consumer preferences, and increasing scrutiny on corporate social responsibility. The extract implies that these pressures have prompted these leaders to come together and reconsider the role of business in society.
By using the Change Management equation, we can delve deeper into other elements of the equation, such as the Vision for Change, the Ability to Change, and the First Steps to initiate change. These elements will further shed light on how the chief executives in the case study are responding to the pressures for change and driving a transformational agenda within their respective organizations.
In summary, the Change Management equation serves as a valuable tool for analyzing the case study by examining the factors influencing change, particularly the Pressure for Change. By considering this equation and its various components, we can gain insights into how the chief executives in the case study are responding to external pressures and taking steps to redefine the role of business in society.
(Note: The given extract was incomplete, so the analysis is based on the information provided.)
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The adjusted trial balance of Novak Corp. At December 31, 2019, includes the following accounts: Common Stock $16,400, Dividends $7,300, Service Revenue $37,500, Salaries and Wages Expense $15,600, Insurance Expense $1,500, Rent Expense $3,900, Supplies Expense $1,300, and Depreciation Expense $1,500. Prepare an income statement for the year
Answers
The income statement would be as Revenue = $35,000; Salaries and Wages Expense= $13,000; Insurance Expense= $2,000: Retained Earnings as on December 31, 2013 is $17,600.
One of the three crucial financial information used to describe a company's financial performance throughout one certain accounting period is the revenue. The balance sheet and the cash flow statement are the other two important income statements. The revenue, costs, profits, and losses incurred by a corporation over a particular amount of time are the key points of the income statement. An net income, also did refer to as the profit and loss (P&L) remark or the statement of revenue and expenditures, offers important information about than a firm's operations, the effectiveness of its management, underperforming industries, and its performance in comparison to peers in the same industry.
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Currently, the price of good W is $50 and the quantity demanded is 35,000 units. In past studies, the price elasticity of demand for W was found to be -0.25. If the price of W is expected to increase to $60, calculate the resulting expected number of units that will be demanded.
Answers
The resulting change in the quantity demanded is a five percent decrease.
What is the elasticity of demand?Elasticity of demand measures the percentage change in quantity demanded in relation to the percentage change in price.
Elasticity of demand = percentage change in quantity demanded / percentage change in price.
percentage change in price = ($60 / $50) - 1 = 0.2 = 20%
percentage change in quantity demanded = -0.25 x 20% = -5%
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How many people work as box office managers?
Answers
Answer:
hmmm like in the world?
Explanation:
Answer: a valid amount of people
Explanation:
problem 2-21 (static) prepare an income statement, balance sheet, and statement of changes in stockholders' equity; analyze results lo 2-2, 2-3, 2-4 the information on the following page was obtained from the records of breanna incorporated: accounts receivable $ 40,000 accumulated depreciation 104,000 cost of goods sold 280,000 income tax expense 15,000 cash 130,000 net sales 420,000 equipment 240,000 selling, general, and administrative expenses 59,000 common stock (36,000 shares) 180,000 accounts payable 30,000 retained earnings, 1/1/22 34,000 interest expense 6,000 merchandise inventory 54,000 long-term debt 80,000 dividends declared and paid during 2022 24,000 except as otherwise indicated, assume that all balance sheet items reflect account balances at december 31, 2022, and that all income statement items reflect activities that occurred during the year ended december 31, 2022. there were no changes in paid-in capital during the year. required: prepare an income statement and statement of changes in stockholders' equity for the year ended december 31, 2022, and a balance sheet at december 31, 2022, for breanna incorporated. based on the financial statements that you have prepared for part a, answer the questions in parts b-e. what is the company's average income tax rate? what interest rate is charged on long-term debt? assume that the year-end balance of long-term debt is representative of the average long-term debt account balance throughout the year. what is the par value per share of common stock? what is the company's dividend policy (i.e., what proportion of the company's earnings is used for dividends)?
Answers
An summary of the company's financial performance for a certain time period is offered by the income statement.
What are an income statement and a balance sheet?The balance sheet provides a concise overview of a company's financial situation at a particular period. An summary of the company's financial performance for a certain time period is offered by the income statement. In order to offer correct information, it is further classified to include assets, liabilities, and shareholder's equity.cumulative depreciation of $40,000 on accounts receivable Cost of goods sold: 104,000; income tax expense: 280,000 15,000 cash Net sales of $130,000 240,000 in selling, general, and administrative costs, 420,000 in equipment 59,00 common shares (36,000 shares) $180,000 in payables Retained profits of $30,000. 1/1/22 34,000 in interest costs 6,000 items in the supply Long-term debt of 54,000 80,000 dividends announced and paid during 2022, excluding when specifically stated differently,To learn more about income statement refer to:
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Define careere pleaseeeeeeeeee
Answers
Answer:
a profession or occupation chosen by one's life work.
Having or following a career as specific career diplomat.
Explanation:
Hope this helps.. ;)
FYI I did research and I didn't copied and pasted..
Answer: an occupation undertaken for a significant period of a person's life and with opportunities for progress.
Like a police officer, fire fighter, cashier, fast food worker, teacher, principle, Etc....
Hope this helps... Stay safe and have a great Thanksgiving!!! :D
When you're selling a covered call, is it delta positive or negative?
Answers
When you're selling a covered call, it is considered delta positive. In a covered call strategy, you own the underlying asset (e.g., shares of a stock) and sell call options on the same asset. This generates additional income through the premium received from selling the call option.
Delta, in options trading, measures how the price of an option changes with respect to changes in the underlying asset's price. A positive delta indicates that the option's price will increase when the underlying asset's price increases, while a negative delta means the option's price will decrease when the underlying asset's price increases. In the case of a covered call, the long position in the underlying asset has a positive delta, as the asset's value increases when its price goes up. Meanwhile, the short call option has a negative delta, as its value decreases when the underlying asset's price goes up. However, since you own the underlying asset, the net position will be delta positive, as the positive delta from the asset outweighs the negative delta from the short call option. By selling a covered call, you can generate income and reduce the overall risk of your portfolio. However, the potential upside of your investment is limited, as you may be obligated to sell the underlying asset at the strike price if the call option is exercised.
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Tyrell bought a house for $186,500. He has a 30 year mortgage with a fixed rate of 6. 5%. Tyrell’s monthly payments are $1,060. 93. How much was Tyrell’s down payment? a. $12,120 b. $18,650 c. $27,975 d. $37,300.
Answers
Based on the information given the down payment is:b. $18,650.
Down payment:First step is to calculate the loan:
Laon=Monthly payment[1-(1+r)^-n]/r
Loan=$1,060.93[1-(1+0.065/12)^-360]/(0.065/12)
Loan=$1,060.93×158.210819537
Loan= 167,850
Second step is to calculate the down payment:
Down payment = House price - Mortgage
Down payment =$186,500 -$167,850
Down payment =$18,650
Inconclusion the down payment is: b. $18,650.
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~PLEASE HELP~
Why is it important to develop an idea of your potential career cluster now?
Answers
Answer:
It is important for you to get a idea what you would to be in because it is going to help you understand your purpose in life. It is going to help you choose the right college for you.
Explanation:
You just started your first full-time job, and one of the benefits is a retirement savings plan. Someone in the human resources department is going over your benefits and says that you have make choices about how the retirement savings plan is invested. She gives you some papers to read and asks you to stop by and let her know your choices when you come to work tomorrow. What must you consider as you read the information and make your choices? Answer in complete sentences.
Answers
I need to be aware that investment options and the market conditions can change over time, and I should regularly review and adjust my investment choices as to ensure I am on the track to meet my retirement goals.
What is retirement?Retirement is a phase in a person's life when they choose to stop working or reduce their work hours. It is a time when people typically have reached a certain age, have accumulated enough savings or investments, and are ready to leave the workforce. Retirement can be a voluntary decision or forced due to health issues or other reasons. During retirement, individuals can pursue hobbies, travel, spend time with family and friends, and engage in leisure activities they did not have time for while working. Retirement also involves careful financial planning to ensure that one's income will be sufficient to support their lifestyle and cover expenses, such as healthcare and housing. Many people also choose to seek advice from financial planners and other professionals to help them navigate this phase of life.
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Explain how the sneaker resale industry is an example of CAPITALISM at work (Include words : profit, free market, capital, competitive, supply and demand
Answers
The sneaker resale industry is an example of capitalism at work because it operates based on the principles of supply and demand.
What does the concept of capitalism means?In a capitalist system, individuals and businesses are free to buy and sell goods and services at prices that are determined by the market.
In the sneaker resale industry, people are willing to pay higher prices for limited-edition or rare sneakers, and the resale market responds to this demand by buying the sneakers at the original price and then reselling them for a profit.
The resale market creates value for its customers by providing them with access to hard-to-find sneakers, and the market operates efficiently by balancing supply and demand through the pricing mechan
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Michael Jordan, retired NBA superstar, used his successes as an athlete to become a billionaire. What gains are entrepreneurs looking to make with each venture? A) Charitable Donations B) Increased Cash Flow C) Trial and Error D) None of these
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Your email campaign has an open-rate of 9.6%, and you emailed 25,000 people. How many people opened your email?
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Answer:(25000 × 9.6) / 100
Explanation:
25000 mail is 100% of the email, so 9.6% of them will be the result of the answer i gave