Answer:
c. $84,300.
Explanation:
The computation of the total cost of the land is shown below:
= Purchase cost of land + commission incurred + property taxes + title insurance
= $75,000 + $4,500 + $4,000 + $800
= $84,300
We simply added that costs which are related to the land i.e purchase cost, commission , property taxes ,and title insurance. The $1,000 cost should not be considered.
Answer: Productive means having been able to gain in large amounts.
Explanation: In the first paragraph of “The Effectiveness of Capital” the productive means having been able to produce in a huge quantity or large numbers. Here being able to gain profits in a large amount is considered productive.
Producing any kind of goods in large numbers is productivity. The productivity of any good depends upon many factors. Like a productive worker has a lot of capacity to do a lot of work and hence he is able to give productive results in the end. With a great number of profits.
Answer:
Ending Cash Balance:
January = $32,450
February = $23,600
Loan Balance End of Month
January = $0
February = $7,080
Explanation:
Note: See the attached excel file for the cash budget for January and February.
In the attached excel file, the following calculation is made:
Additional loan in February = Minimum monthly cash balance - Preliminary cash balance in February = $23,600 - $16,520 = $7,080
From the attached excel file, we have:
Ending Cash Balance:
January = $32,450
February = $23,600
Loan Balance End of Month
January = $0
February = $7,080
Answer:
<u>First mover advantage</u>
Explanation:
First mover advantage refers to the process wherein a company gains competitive advantage over it's competitors due to being the first in an industry for coming up with a product or service or being the first one to employ a certain management system or technique.
A first mover gains advantage since by the time other market participants enter the arena, such a firm has already reaped bulk of the advantage.
In the given case, the steel manufacturing company adopted a new supply chain management system courtesy of which it is able to reduce the procurement time of raw materials considerably thereby leading to efficient production. It has also lead to reduction of costs and thus, has increased profitability.
This represents a case of first mover advantage achieved by the company owing to which it has gained a competitive advantage currently.
Answer:
A) $10 per person
B) $15000000
C) $30000000
D) $15000000
Explanation:
A) Cost of corn subsidies per person in the United States in 2012 = 3 billion/300 million = 3000000000/300000000 = $10 per person
B) We are told that 10 percent of 300 million population are those willing to provide funding. Thus;
Number of people providing funding = 10% × 300 million = 30,000,000
Each of these 30,000,000 people are willing to only provide $0.50.
Thus;
total funding raised for their lobbying efforts = $0.50 × 30,000,000
total funding raised for their lobbying efforts = $15000000
C) We are told that the recipients of corn subsidies donated just 1% of the total amount which they received via subsidies. Thus;
Amount raise to support lobbying efforts to continue the corn subsidy =
1% × $3 billion = $30000000
D). the difference between which the amount raised by the recipients of the corn subsidy exceeds that of the amount raised by the opponents of the corn subsidy = $30000000 - $15000000 = $15000000
