Answer:
3.1781
Explanation:
here you go. I hope thats correct.
Answer:
a) ≈ 9.6 years
b) Modified duration is a better measure because Modified duration consider the concept of negative convexity
c) i) coupon of bond = 4%
Modified duration will increase since the coupon rate of payment decreased
ii) Maturity of bond = 7
Modified duration will decline as Maturity period has declined to 7 years
Explanation:
A) Calculate modified duration using the preceding information
modified duration = Macaulay duration / ( 1 + (yield to maturity / 2 ))
= 10 / ( 1 + ( 0.08 / 2 ))
= 9.615 years
B) Modified duration is a better measure because Modified duration consider the concept of negative convexity while Macaulay methods shows the inverse relationship between the duration of the bond and coupon payment .
<u>C) Determine Direction of change in modified duration if </u>
i) coupon of bond = 4%
Modified duration will increase since the coupon rate of payment decreased
ii) Maturity of bond = 7
Modified duration will decline as Maturity period has declined to 7 years
A monopolist will hire workers up to the point at which the wage equals to marginal revenue.
Given that monopolist will need to hire workers.
We are required to find the point up to which the monopolist will hire the workers.
Monopolist is the person or institution who has the largest power of the market means monopolist can change or influence the price according to him or his requirements.
From the definition of monopoly we can say that a monopolist will hire workers up to the point at which the wage equals the marginal revenue.
Wage is a part of cost and it is a variable cost. Variable cost is the cost which is not fixed for all the units. Variable cost increases with the increase in the units of the good.
Hence a monopolist will hire workers up to the point at which the wage equals to marginal revenue.
Learn more about monopoly at brainly.com/question/13113415
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Please see the complete question below.
Agnessa let the management of Acme Global know that she will retire next year. Agnessa job requires specialized skills. Rather than advertise the job, management has the human resource management department look through its files for people in the organization who have the needed skills. This recruitment method is known as ______.
A. open recruitment
B. employee referrals
C. closed recruitment
D. targeted recruitment
Answer:
The answer is closed recruitment (option C)
Explanation:
Closed Recruitment can be defined as the type of recruitment that takes place 'in house'. In other words, there is no need for an external advertisement of vacancy because candidates needed to fill in vacant job roles or positions of a firm are selected from the existing pool of employees in the firm. Firms carry out closed recruitment by looking into the files of people who have the skills needed to occupy the vacant role and selecting/appointing who is best fitted for the role.
Answer:
1. Calculation of the Cost of the Tramel Job
Particulars Amount
Direct material cost $2,300
Direct labor cost $500
Overhead applied <u>$650 (</u>500*130)
Total cost of job <u>$3,450</u>
<u></u>
2. Particulars Debit Credit
Overhead Cost $1,300
To materials $800
To Labour $500
3. The Cost of the Tramel Job will not be affected
