Inefficient capitalism socialism or communism

Wells Company reports the following sales forecast: September, $55,000; October, $66,000; and November, $80,000. All sales are o

irakobra [83]

Answer:

Total= $65,100

Explanation:

Giving the following information:

Wells Company reports the following sales forecast: September, $55,000; October, $66,000; and November, $80,000.

Collections of credit sales are received as follows: 25% in the month of sale, 60% in the first month after sale, and 10% in the second month after sale. 5% of all credit sales are written off as uncollectible.

Cash collection November:

November= 80,000*0.25= 20,000

From October= 66,000*0.6= 39,600

From September= 55,000*0.10= 5,500

Total= $65,100

4 0

4 years ago

Suppose there are 1.000 identical firms producing diamonds. Let the total cost function for each firm be given by C(q, w) = q2 +

alexandr402 [8]

Answer:

For the price of $20 = $3,333.33

For the price of $21 = $3,500

Kindly go through the explanation for the other answers required.

Explanation:

(a)

C = q2 +wq = q2 + 10q

Firm's short run supply curve is its marginal cost (MC) schedule.

MC = dC / dq = 2q + 10

So, supply curve is: p = 2q + 10

Or,

q = (p - 10) / 2 = 0.5p - 5

Total industry supply, Q = 1,000 x q = 500p - 5,000

p = (Q + 5,000) / 500 [Industry supply curve]

When p = 20, Q = 500 x 20 - 5,000 = 5,000 [Number of diamonds supplied]

When p = 21, Q = 500 x 21 - 5,000 = 5,500

So, when P = 21, 500 more diamonds will be supplied.

(b)

(i)

If w = 0.002Q then

w = 0.002 x (1000q) [Since Q = 1000q]

w = 2q

C = q2 +wq = q2 + (2q)q = 3q2

So, MC = dC / dq = 6q

MC = 6 x (Q / 1000)

So, MC depends on Q.

(ii)

Long run supply schedule is when price = MC

p = 6q = 6 x (Q / 1000)

p = 3Q / 500 [Long run industry supply schedule]

(iii) When p = 20, Q = p x (500/3) = 20 x 500 / 3 = 3,333.33

(iv) When p = 21, Q = p x (500 / 3) = 21 x 500 / 3 = 3,500

(v) Short run supply curve is the positive part of MC.

p = 6q

Therefore, the SR supply curve is a straight line from origin, sloping upwards.

8 0

3 years ago

Incident Reports, such as Situation Reports and Status Reports enhance situational awareness and ensure that personnel can acces

Irina-Kira [14]

Answer:

The correct answer is True.

Explanation:

An incident report is a tool that records any event that could cause injury to people or damage to company assets. It should include almost accidents, damage to property and equipment, health and safety issues, safety violations and misconduct in the workplace.

Incident reports could be used to discover potential risks and hazards in the workplace and to raise awareness about these problems. That is why it is important to add an analysis of the causes and effects of any incident to avoid similar situations in the future.

7 0

3 years ago

Use the following information to answer the question: Stock’s Expected State of Probability of Return if this the Economy State

shutvik [7]

Answer:

The answer is 0.0707

Explanation:

Solution

Given that:

Probability Return Probability(return-expected return)^2

0.25 25 0.25(25-15)^2=25

0.5 15 0.5(15-15)^2=0

0.25 5 0.25(5-15)^2=25

Total = 25 +0 + 25

= 50

Thus

The next step is to find the standard deviation which is given below:

Standard deviation=[total probability (return-expected return)^2/total probability]^(1/2)

=(50)^(1/2)

=0.0707

Hence the standard deviation is 0.0707.

Note: The expected return is =15%

7 0

3 years ago

Think about how governments allocate their budgets. What might make government officials decide to spend additional money on Soc

Diano4ka-milaya [45]

Social security spending is what would help out everyone , not just the military . Additional money spent on social security would greatly help out

4 0

4 years ago

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