Answer: Not enough information because the cost of each resource is not given.
Explanation:
With regards to the question, there's no enough information given in order to know the factor to hire next as a profit-maximizing firm.
Even though from the question given, the machine can make more churros per hour than the next unit of labor, the coat of both resources isn't given, therefore we cannot be certain on which one to choose.
Answer:
Outstanding checks in end of May = $36500
Explanation:
given data
outstanding totaling = $19,200
checks totaling = $64,900
checks cleared = $47,600
returned marked NSF = $300
to find out
amount of outstanding checks on Minor Company bank reconciliation
solution
we know here that outstanding checks in April = $19200
so Total checks in clearing is
Total checks in clearing = outstanding checks + Checks issued in may
Total checks in clearing = $19200 + $64900
Total checks in clearing = $84100
so
Outstanding checks at the end of May is
Outstanding checks in may = Total checks in clearing - Checks cleared in may
Outstanding checks in may = $84100 - $47600
Outstanding checks in end of May = $36500
Answer:
a. How long will the current bridge system work before a new bracing system is required?: 64.18 years or 64 years and 2 months.
b. What if the annual traffic rate increases at 8 % annually: The bracing system will last for 24.65 years or 24 years and 7 months.
c. At what traffic increase rate will the current system last only 12 years: 17.13%
Explanation:
a. Denote x is the time taken for the number of pedestrian to grow from 300 to 2000. The current pedestrian is 300, the grow rate per year is 3% or 1.03 times a year. Thus, to reach 2,000, we have the equation: 300 x 1.03^x = 2000. Show the equate, we have 1.03^x = 6.67 <=> x = 64.18
b. Denote x is the time taken for the number of pedestrian to grow from 300 to 2000. The current pedestrian is 300, the grow rate per year is 8% or 1.08 times a year. Thus, to reach 2,000, we have the equation: 300 x 1.08^x = 2000. Show the equate, we have 1.08^x = 6.67 <=> x = 24.65.
c. Denote x as traffic increase rate. The current pedestrian is 300, the grow rate per year is (1+x) times a year. Thus, to reach 2,000 after 12 years and thus a new bracing system to be in place, we have the equation: 300 x (1+x)^12 = 2000. Show the equate, we have (1+x)^12 = 6.67 <=> 1+x = 1.1713 <=> x = 17.13%.
A long-term purchase commitment to a supplier for items that are to be delivered against short-term releases to ship is called "blanket orders".
<h3>What are blanket orders?</h3>
A blanket order would be a purchase agreement that a customer issues to a supplier that specifies a number of delivery dates spread out over time, frequently arranged to take the advantage of fixed prices.
Some characteristics of blanket order are-
- When there is recurring requirement for consumable goods, it is typically used.
- Instead than filing a new purchase order (PO) every time supplies are required, things are procured under a single PO.
- By placing a blanket order, the client can avoid holding more stock than necessary, save on administrative costs associated with processing numerous purchase orders, and take advantage of bulk discounts or price cuts.
- A fixed rate contract is established for a certain length of time for a blanket order.
- The buyer compares competing supplier bids and seeks out the best price.
- Following the selection of the best candidate, the pricing of the goods are set, and the supplier is given the quantities of the each product to arrange stock for delivery as asked.
- The buyer provides the forecasted quantity as entire consumption quantity that has been historically recorded for a few years or as required for quantitative analysis.
To know more about the blanket purchase order (blanket order), here
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Answer:
b. 3%
Explanation:
The computation is shown below:
Risk premium = Expected rate of return - risk free rate of return
where,
Expected rate of return is
= Rate of return × probability + rate of return × probability
= 15% × 40% + 5% × 60%
= 6% + 3%
= 9%
And, the risk free rate of return is 6%
So, the risk premium on the risky investment is
= 9% - 6%
= 3%