Answer:
Given:
Implicit Cost = $65,000
Total revenue = $150,000
Explicit cost = $85,000
Here, we'll compute the economic profit for the first year as :
<em>Economic profit = Total revenue - (Explicit cost + Implicit Cost)</em>
<em>Economic profit = </em>$150,000 - ($85,000 + $65,000)
<em>Economic profit = $0 </em>
<em></em>
<em>∴ </em><u><em>Tom’s economic profit for his first year in business will be $0</em></u>
<u><em>The correct option is (a).</em></u>
Answer: Option A
Explanation: The comprehensive resource management is the characteristic of NIMS management that includes maintaining accurate and up to date inventories of various assets. CRM standardizes the mechanism for various functions like order and acquire etc. in relation to inventories of personnel, equipment, teams and supplies.
Answer:
Amount of Grey tea = 100 pounds
Amount of Orange Pekoe tea = 300 pounds
Explanation:
let G = amount of Grey tea
let 400 - G = amount of Orange Pekoe tea
6G + 4 (400 - G) = 4.5 x 400
6G + 1,600 - 4G = 1,800
2G = 1,800 - 1,600 = 200
G = 200 / 2 = 100
400 - G = 400 - 100 = 300
Since the problem assumes annual compounding, then the
relationship of forward rate and spot rates is given in the equation:
f1,2 = ((s2^2 / s1) - 1)
Therefore,
f1,2 = ((1.069^2 / 1.063) - 1)
f1,2 = 0.075 = 7.5%
Forward rate is 7.5%.
