A completely new business solution to solve marine pollution (which is caused by climate change is the production of a new organic material that can be used to clean marine bodies.
<h3>How will this organic material look like?</h3>
Chemicals and debris, the majority of which originates on land and is dumped or blown into the water, make up marine pollution. This pollution harms the ecosystem, the health of all living things, and global economic institutions.
Therefore, the organic material will be a combination of:
- Oysters
- Plants materials such as leaves, root or stems
- Coconut, etc.
Note that by working on the materials above, one can create an organic material that when scattered or place on top of water bodies, it will make all the pollutant to float upward and then they can be taken out of the water and also it can be taken by man as food as it is organic and would not be harmful to the body.
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Answer:
Profit of $3000
Explanation:
The exchange rate of a future contract is usually fixed at the time when the contract is buy 100,000 euros at a futures contract price of $1.22.
The Value in dollars at the time is: $122,000
At the maturity spot rate of the euro is $1.25.
The value of the contract is: $125,000
The difference:
$125,000-122,000
=$3000.
Since the maturity spot rate is higher, there is a profit of $3000 from speculating with the futures contract.
A profit maximizing competitive firm in a market with NO externalities will produce the quantity of output where
- price = marginal cost
- marginal revenue = marginal cost
- marginal benefit = marginal cost
Option D
<u>Explanation:
</u>
All of the options are true.
In a highly competitive market, companies set marginal incomes at marginal cost level (MR= MC) in order to make a profit. MR is the pitch of the profit curve, which represents the (D) and price (P) of the demand curve as well.
It is necessary to have positive, or negative economic benefits in the shorter term. The company profits whenever the price exceeds the total average cost. The company loses on the market if premiums are less than average total costs.
Answer:
$9,900
Explanation:
With regards to the above, the percentage of credit sales method estimates bad debt expense by multiplying historical percentage of bad debt losses by the current period's credit sales.
Bad debt expense = Net credit sales × Bad debt loss rate
Bad debt expense = $198,000 × 0.05
Bad debt expense = $9,900
Therefore, estimated bad debt expense for the year is $9,900
