To get the total insurance premium, just add the three premiums:Total premium = liability + collision + comprehensivewhere:liability = $510collision = $220comprehensive = $ 130Total premium = $510+$220+$130 =$860
Answer:
Net Increase in cash = $124,200
Explanation:
Note: The correct value for Year 2021 inventory is $510,300 not $10,300.
Also note: See the attached excel file for the statement of cash flows for 2022.
In the attached excel file, the following workings are used:
Workings:
w.1: Increase in accounts receivable = Account receivable in 2022 - Account receivable in 2021 = $237,600 - $205,200 = $32,400
w.2: Decrease in inventory = Inventory in 2022 - Inventory in 2021 = $450,900 - $510,300 = -$59,400
w.3: Decrease in accounts payable = Accounts receivable 2022 - Accounts receivable 2021 = $105,300 - $116,100 = -$10,800
w.4: Disposal of land = Land in 2021 - Land in 2022 = $270,000 - $216,000 = $54,000
w.5: Purchase of equipment = Equipment in 2022 - Equipment in 2021 = $702,000 - $540,000 = $162,000
Answer:
(a) Work/leisure choice
(b) Marketing strategy
Explanation:
Microeconomic issues relate to those that are within the scope and power of individuals, households and firms which means that problems here will relate to decisions that these participants make in relation to resource allocation.
Choices relating to leisure or work have to do with the individual and the resources they would need or derive from either work or leisure and so are a microeconomic problem.
The marketing strategy that a firm should pursue is related to an individual firm and so is a microeconomic problem as well.
Answer:
The delivery cycle time was 26.9
Explanation:
The delivery cycle time is computed as:
Delivery cycle time = Wait time + Throughput time
where
Wait time is 13.6
The formula for computing the throughput time is as:
Throughput time = Move time + Process time + Queue time + Inspection time
where
Move time is 3.3
Process time is 2.7
Queue time is 7.0
Inspection time is 0.3
Putting values above:
Throughput time = 3.3 + 2.7 + 7.0 + 0.3
Throughput time = 13.3
Now, putting both the values above:
Delivery cycle time = 13.6 + 13.3
Delivery cycle time = 26.9
Answer:
Therefore the required time period is 3 years.
Explanation:
To calculate the number of period we are using the following formula of future value
Future value = ![C_0(1+r)^n](https://tex.z-dn.net/?f=C_0%281%2Br%29%5En)
is cash flow at period 0= $ 35,00
r = rate of interest = 8.00% = 0.08
n= number of periods = ?
Future value = $44,089.92
Substituting the values in the formula
![44,089.92= 35,000(1+0.08)^n](https://tex.z-dn.net/?f=44%2C089.92%3D%2035%2C000%281%2B0.08%29%5En)
![\Rightarrow (1+0.08)^n=\frac{44089.92}{35000}](https://tex.z-dn.net/?f=%5CRightarrow%20%281%2B0.08%29%5En%3D%5Cfrac%7B44089.92%7D%7B35000%7D)
![\Rightarrow(1.08)^n = 1.259712](https://tex.z-dn.net/?f=%5CRightarrow%281.08%29%5En%20%3D%201.259712)
![\Rightarrow (1.08)^n=(1.08)^3](https://tex.z-dn.net/?f=%5CRightarrow%20%281.08%29%5En%3D%281.08%29%5E3)
![\therefore n= 3](https://tex.z-dn.net/?f=%5Ctherefore%20n%3D%203)
Therefore the required time period is 3 years.