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Damm [24]
3 years ago
10

For example, electricity costs are $1,300 per month plus $0.08 per car washed. The company expected to wash 8,400 cars in August

and to collect an average of $6.40 per car washed. The company actually washed 8,500 cars in August.
Business
1 answer:
iren2701 [21]3 years ago
8 0

Answer:

Explanation:

Revenue ($6.40 × 8,500) = $54,400

Cleaning supplies ($0.80 × 8,500) = $6,800

Electricity ($1,300 + ($0.15 × 8,500)) = $2,575

Maintenance ($0.20 × 8,500) = $1,700

Wages and salaries ($5,000 + ($0.30 × 8,500)) = $7,550

Administrative expenses ($4,000 + ($0.10 × 8,500)) = $4,850

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Amber McClain. Amber McClain, the currency speculator we met in the chapter, sells eight June futures contracts for 500,000 peso
AnnyKZ [126]

Question Completion:

Note that the June Settlement Futures rate = $0.10773/Ps from the Exhibit 7.1 (not provided here).

Answer:

Amber McClain

a)  If spot rate = $0.12000/Ps:

The value of her position at maturity = -$49,000

b) If spot rate = $0.09800/Ps:

The value of her position at maturity = -$88,000

c) If spot rate = $0.11000/Ps:

The value of her position at maturity = -$40,000

Explanation:

a) Data and Calculations:

Notional selling price of June futures = 500,000 pesos

Number of contracts = 8

June Settlement Futures rate = $0.10773/Ps

a) If spot rate = $0.12000/Ps:

The value of her position at maturity = -Notional selling price * (Spot rate - Futures rate) * 8

= -500,000 * ($0.12000/Ps - $0.10773/Ps) * 8

= -500,000 * 0.01227 * 8

= -$49,000

b) If spot rate = $0.09800/Ps:

The value of her position at maturity = -Notional selling price * (Spot rate - Futures rate) * 8

= -500,000 * ($0.12000/Ps - $0.09800/Ps) * 8

= -500,000 * 0.022 * 8

= -$88,000

c) If spot rate = $0.11000/Ps:

The value of her position at maturity = -Notional selling price * (Spot rate - Futures rate) * 8

= -500,000 * ($0.12000/Ps - $0.11000/Ps) * 8

= -500,000 * 0.01 * 8

= -$40,000

6 0
3 years ago
The Homestead Strike of the Iron and Steel workers in Homestead, PA is representative of the struggle in the late 1800's between
denpristay [2]

Answer:

A) True

Explanation:

The Homestead strike was a combination of both a company lockout (the company didn't allow workers to work) and a union strike (where the workers did't want to work). It was a power struggle between one of the darkest and sinister monopolists of the 19th century, Carnegie Steel (led by Andrew Carnegie) and the most powerful workers' union in America, the Amalgamated Association of Iron and Steel Workers.

In 1889 the union won, but Carnegie wanted revenge, so in 1892, he demanded harsher conditions after the initial contract was over and when the union said no, a lockout started. It was bloody and messy, with 16 dead. Carnegie's private army of 300 guards faced 10,000 strikers and things turned ugly soon. The Pinkertons (Carnegie's troops) were "defeated" but too many lives were lost.

Since Carnegie's little was defeated, he asked a bigger fish to help him and the governor sent 8,000 soldiers to arrest any union striker that opposed Carnegie. Finally, Carnegie's millions and corrupt politicians won, and the workers were forced to accept lower wages and more working hours. Those who rejected the forced deal were sent to prison.

6 0
3 years ago
A monopoly A. ​doesn't lose any sales when it raises its price. B. must have a patent to protect its products. C. produces the m
Ugo [173]

Answer:

A. ​doesn't lose any sales when it raises its price

Explanation:

  • As monopoly is ruled by one set of prices and they are price makers thus even f the prices rise the price will be set above the marginal cost to maximize the profits. Thus a monopoly does not lose its market share as it acts as a single dominating factor in the supply and trade of the goods and services. And it stipulates the financial dealing through a single seller.
6 0
3 years ago
You are a student at ABC University. You recently read in the school's daily newspaper about a terrific investment opportunity t
Vlada [557]

Answer:

No

Explanation:

An investment that "promises" a 44 percent annual return is most likely a scam, because even the riskiest stocks rarely yield annual returns higher than 10% of the initial investment.

Besides, the option is described as very complicated, and you as a potential investor do not understand it well, which is a very difficult position to be in because it could even lead you to being scammed without realizing.

4 0
4 years ago
Which of the following would cause prices to drop? A. Increased production by business B. Increased taxes on business C. Higher
Ugo [173]
It would actually be an increased production by the business.

Haha, I had to think for a tiny bit and re-check my answer to make sure it was right before giving it. Would hate to see you get it wrong. 
8 0
3 years ago
Read 2 more answers
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