When did they stop making 2 dollar bills?

Jamal has owned his home for about 5 years. his refrigerator needs to be replaced and jamal is thinking about buying an energy s

ipn [44]

Answer - A (7 years)

WORKINGS

To calculate how long it would take for the new refrigerator to pay for itself in lower utility costs, the cost of new refrigerator will be divided by lower utility cost per year

Cost of new refrigerator = $598

TO CALCULATE LOWER UTILITY COST PER YEAR

At a cost of only 12 cents per day

Annual cost will be 12 X 365 = 4380 Cents ($43.8)

Cost saved annually = Cost of old refrigerator – Cost of new refrigerator.

Lower utility cost per year = $132 – $43.8

Lower utility cost per year = $88.2

How long would it take for the new refrigerator to pay for itself in lower utility costs?

$598 ÷ $88.2

= 6.78 years

Approximately 7 years

7 0

3 years ago

Read 2 more answers

Legal Forces Legal forces are important external forces that international managers need to understand. They are developed at th

torisob [31]

Answer:

1. per se application

U.S. Competition Law

This law checks whether certain parts of a contract or agreement have violated US antitrust laws.

2. Misuse of activity

EU Competition Law

This is part of the European Union's competition law that prohibits the use of activity to try to gain unfair advantges.

3. Extraterritoriality

US and EU

This is a provision in both US and EU anti-competition and anti-trust laws that states that the activities of foreign companies fall under the law if these activities influence the people within the jurisdiction of the US or the EU.

4. Trade obstacle, nontariff

France

These are a part of the French system.

5. Strict liability

U.S. Tort Law

A concept in US Tort law that states that a person is liable for an offence they committed and their state of mind or intent when they committed said offence is irrelevant.

6. Punitive damages

U.S. Product Liability Law

A concept in the US that allows for the extra punishment of the party in the wrong to dissuade others from doing so and to reward the party in the right more justly.

4 0

3 years ago

In december 1994 a man in ohio decided to deposit all of the 8 million pennies he’d been saving for nearly 65 years. (his deposi

Yakvenalex [24]

<span>If in December 1994 a man in Ohio decided to deposit all of the 8 million pennies he’d been saving for nearly 65 years, then his transactions deposits will be $8,000,000, his total reserves will be all in all 8 million pennies.</span>

4 0

3 years ago

When the domestic currency is strong or expected to become strong, eroding the competitive position of the firm, it can choose t

mylen [45]

Answer:

A. Operating exposure

Explanation:

The Operating exposure may be defined as the extent to which any particular company is exposed to the inflation risk and exchange risk. It is the exposure to the risk occurred in the exchange rate which may impact the revenue of the company.

It refers to he future cash flow of the firm or the company that gets affected because of the change in the exchange rate of the currencies.

It measures the change in the current value of the company that results from the unexpected changes in the currency exchange rates.

In the context, when a company opens up a production facility in a country where the costs are low and the currency of the parent country or the host country is expected to be strong, it is known as the Operating exposure strategy of the company to the increase the cash flow.

5 0

3 years ago

Mauro Products distributes a single product, a woven basket whose selling price is $16 per unit and whose variable expense is $1

Burka [1]

Answer:

1. 2,500 units

2. $40,000

3. Revised Unit Sales - 2,650 units & Revised dollar sales - $42,400

Explanation:

Break even Point : The break even point is that point in which the firm has no profit or no loss or we can say that total revenue is equal to total expenditure.

1. Computation of break-even point in unit sales:

Break even point in unit sales = Fixed cost ÷ (Sales per unit - variable cost per unit)

= $10,000 ÷ ($16 - $12)

= 2,500 units

where, contribution = Sales per unit - variable cost per unit

Thus, the break-even point in unit sales is 2,500 units.

2. Calculation of break-even point in dollar sales :

The formula is shown below:

= Fixed cost ÷ Profit volume ratio

where, Profit volume ratio = (Contribution ÷ Sales) × 100

= ($4 ÷ $16) × 100

= 25%

So, Break even point in dollar sales = $10,000 ÷ 25%

= $40,000

Thus, the Break even point in dollar sales is $40,000

3. Calculation of new break-even point in unit sales is shown below:

Revised Fixed cost = $10,000 +$600 = $10,600

And, contribution is same.

So, new break-even point in unit sales = Fixed cost ÷ Contribution per unit

= $10,600 ÷ $4

= 2,650 units

Thus, new break-even point in unit sales is 2,650 units.

By applying the formula, the calculation of new break-even point in dollar sales is shown below:

New break-even point (BEP) in dollar sales = Fixed cost ÷ Profit volume ratio

Since, the Profit volume ratio remains same.

So, break-even point (BEP) in dollar sales = $10600 ÷ 25%

= $42,400

Hence, New break-even point (BEP) in dollar sales is $42,400

5 0

3 years ago