Answer:
The correct answer is (A)
Explanation:
Product efficiency is a key aspect which every firm or organisation must achieve to improve revenue and profits. Product efficiency is a way to allocate resource to produce goods and service at the lowest average cot possible. Firms usually apply economist of scale to achieve product efficient. Product efficiency can only be achieved by using scarce resources efficiently and effectively.
<span>The most recent study was done on June 1, 2017, and all information is from that date. There are 673 US District court judgeships and four territorial ones. At the time of this study, there were 160 active circuit court judges and 19 vacant positions, while there were 570 district court judges and a whopping 103 vacant positions.
There are 59 female circuit court judges, 37%. Men, therefore, are in 63% of positions. Intesretingly, this number has actually improved, with only one woman serving in 1977.
Disregarding race, 75% of circuit court judges are white, 13% African American, 9% Hispanic, and only 3% Asian American. 12 courts have African American judges, nine have Hispanic, and five have Asian American. Overall, all three percentages have risen since 1977 (with some variability), but interestingly, Asian Americans have only recently begun to rise in presence., starting in about 2010.
Combining gender and race, white men make up 45.6% of all circuit court judges, while Asian American women only make up 0.6%. In all races, men overpower women in numbers by a large amount.
Looking at age, the average is 64.7 years old, with over 50% over 65 and only 2% under 45. The vast majority were appointed between 45 and 54, though many came slightly before or after.
It is worth noting that the first openly gay circuit court judge was Todd M. Hughes, appointed by Obama in 2013.
If we are considering race, Asian Americans are the lowest represented. If we are considering gender, women are less represented. Overall in race and gender, Asian American women are least represented. Looking at age, people under 40 are underrepresented. Overall, though, the least common demographic would be open members of the LGBT+ community.
As you can see, this is not a straightforward question! It is a hugely interesting topic and one I plan to explore further.</span>
Answer:
The the largest loan this buyer can afford is 14,533.75.
Explanation:
This can be determined using the formula for calculating the present value of an ordinary annuity as follows:
Step 1: Calculations of the present value or the loan the buyer can afford for a 30 year loan at 5 1/2%
PV30 = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)
Where;
PV30 = Present value or the loan the buyer can afford for a 30 year loan at 5 1/2% =?
P = monthly payment = 1000
r = interest rate = 5 1/2% = 5.50% = 0.055
n = number of years = 30
Substitute the values into equation (1) to have:
PV30 = 1000 * ((1 - (1 / (1 + 0.055))^30) / 0.055)
PV30 = 1000 * 14.5337451711221
PV30 = 14,533.75
Step 2: Calculation of the present value or the loan the buyer can afford for a 20 year loan at 4 1/2%
PV20 = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (2)
Where;
PV30 = Present value or the loan the buyer can afford for a 20 year loan at 4 1/2% =?
P = monthly payment = 1000
r = interest rate = 4 1/2% = 4.50% = 0.045
n = number of years = 20
Substitute the values into equation (1) to have:
PV20 = 1000 * ((1 - (1 / (1 + 0.045))^20) / 0.045)
PV20 = 1000 * 13.0079364514537
PV20 = 13,007.94
Conclusion
Since 14,533.75 which is the present value or the loan the buyer can afford for a 30 year loan at 5 1/2% is greater than the 13,007.94 which is the present value or the loan the buyer can afford for a 20 year loan at 4 1/2%, it therefore implies that the the largest loan this buyer can afford is 14,533.75.
Answer and Explanation:
The financial statement effects template to reflect the following events is shown below:-
Balance Sheet
Transaction Cash assets + Non Cash = Liabilities+Contributed assets capital Earned Capital
a. $400,000 $400,000
b. -$18,000
-$18,000
c. -$202,000 -$202,000
Income statement
Transaction Revenue - Expense = Net income
b. $18,000 -$18,000
c. $2,000 -$2,000
Answer:<u><em> Price per ticket should be charged in order to maximize revenue is $15.</em></u>
<u><em>70000 people will attend at this price.</em></u>
<u><em></em></u>
Explanation:
Let 'x' represent the decrease .
Using the given information,
Price per ticket = 24 - 3x
Average no. of people that watch the game = 40000 + 10000x
Additional money spent by every person = 6(40000 + 10000x)
Revenue [R(x)] = Price per ticket 
Average no. of people that watch the game + Additional money spent
Revenue [R(x)] = (24 - 3x)(40000 + 10000x) + 6(40000 + 10000x)
On solving the above equation we get ,
Revenue [R(x)] = -30000
+ 180000x + 1200000
In order to find the critical point we'll differentiate the following with respect to x;
R'(x) = -60000x + 180000
∵ R'(x) = 0
x = 3
<u><em>Thus, the price per ticket that should be charged in order to maximize revenue is (24 - 33 = 24 - 9 = $15)</em></u>
<u><em>People that will attend at this price = (40000 + 100003) = 70000</em></u>
