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Marysya12 [62]
3 years ago
8

Andrew is a financial planner and charges fees of 2% for every investment made. He made investments worth $500,000. What amount

will he receive as compensation? PLEASE ANSWER SOON
Business
1 answer:
eduard3 years ago
7 0
Fees charge = 2%
Investment worth = $500,000
Amount due = 2/100 * 500,000 = 10,000
The amount Andrew will receive as compensation is $10,000.
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A neighborhood sportswear store sells a pair of victoria sneakers for $40. due to the recent fitness craze, these shoes are in h
Anettt [7]

The current lot size of 235 is too large.

We use the given data to find the Economic Order Quantity or EOQ and then compare it to the lot size of 235.

Economic Order Quantity is used to arrive at the optimum purchase order for goods (in number of units) while minimizing ordering and handling costs.

The formula for calculating EOQ is:

Q = \sqrt{2DS/H},

where :

Q is the order lot in number of units

D is the annual demand for the product

S is ordering cost per order (in $)

H is holding cost per unit (in $)

We can arrive at the annual demand for the product as follows:

Annual Demand = No. of units sold per week * No. of weeks the store operates

Annual Demand = 50*52 = 2600 units

Order cost = $20

Holding Cost = Holding Cost (in %) * Selling Price

Holding Cost = 20%*$40 = $8

Substituting the above values in the EOQ formula, we get,

Q = \sqrt{(2*2600*20)/8} = 114.02 units.

Comparing the EOQ we just calculated and the given lot size, we arrive at the answer above.

8 0
3 years ago
"In the late summer of 2005 some regions of the country were suffering from drought. What effect would we expect this to have on
den301095 [7]

Answer:

The answer is: You would expect a lower stock price.

Explanation:

Since John Deere´s main business is manufacturing and selling farming equipment you would expect its sales to rise when farmers are having a successful business year. But when farmers are having a very harsh and bad economic year then you would also expect John Deere´s sales to fall.

If your clients are suffering from a drought that means they will probably lose money or in a best case scenario earn a smaller profit. So they will have less money to invest in new equipment which results in lower sales for companies like John Deere. If John Deere´s sales are lower, they themselves will have a bad economic year so it is logical to assume that their stock price will fall.  

3 0
3 years ago
A certain firm produces and sells staplers. Last year, it produced 7,000 staplers and sold each stapler for $6. In producing the
ahrayia [7]

Answer:

<u>Average total cost for 7000 staplers was= $2.43</u>

Explanation:

Total Cost=Fixed Cost +Variable Cost

Fixed Cost =$45000-$28000

Fixed Cost=$27000

Average total Cost= Fixed Cost/ Quantity

=17000/7000

=$2.43

4 0
3 years ago
You interview with an athletic footwear manufacturer that has annual advertising expenditures of $32 million and total sales rev
son4ous [18]

Answer:

elastic.

Explanation:

The advertising elasticity of demand measures how sensitive a market and sales are to marketing expenses. Advertising elasticity is calculated by dividing the change in quantity demanded by the percentage change in advertising expenses. Generally products with low advertising elasticity tend to have elastic demands.

8 0
2 years ago
Scot and Vidia, married taxpayers, earn $92,000 in taxable income and $5,000 in interest from an investment in City of Tampa bon
jok3333 [9.3K]

Answer:

a. Total Income=$152,500

Marginal Tax rate = 17.3%

Explanation:

Total Income=Taxable Income+Additional Income = $92,000+$60,500=$152,500

Marginal Tax rate = 17.3%

3 0
3 years ago
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