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Olin [163]
3 years ago
9

Ocean water contains 0.9 ounces of gold per ton. Method A costs $550 per ton of water processed and will recover 90% of the meta

l. Method B costs $400 per ton of water processed and will recover 60% of the metal. The two methods require the same capital investment and are capable of producing the same amount of gold each day. If the extracted gold can be sold for $1,750 per ounce, which method should be recommended? The supply of ocean water is essentially unlimited. Hint: Work this problem on the basis of profit per ounce of gold extracted.
Business
1 answer:
qwelly [4]3 years ago
5 0

Answer:

Method A should be recommended, because it produces a profit of $61.73 more than Method B

Explanation:

To determine, the recommended, method, let us calculate the amount needed to extract 1 ounce of gold using each method, then subtract these from the selling price to get the profit when each method is used.

Method A:

Recovery rate of metal = 90% = 90/100 = 0.9

Hence for 1 ton of water processed, amount of gold that can be recovered

= 0.9 × 0.9 = 0.81 ounces of gold.

Therefore, to produce 1 ounce of gold, we will solve as follows:

0.81 ounce of gold = 1 ton of water

∴ 1 ounce of gold = 1/0.81 = 1.2345679 ounces of water

Next, we are told that 1 ton of water costs $550 to process

∴ 1.2345679 tons of water = 550 × 1.2345679 = $679.01

Therefore, for method A, the effective amount in dollars used to extract 1 ounce of gold = $679.01

Calculating net income from this method is as follows

profit per ounce = selling price per ounce -  cost price per ounce

profit per ounce = 1,750 - 679.01 = $1,070.99

Method B:

recovery rate of metal = 60% = 60/100 = 0.6

Hence for 1 ton of water processed, amount of gold that can be recovered

= 0.6 × 0.9 = 0.54 ounces of gold.

Therefore, to produce 1 ounce of gold, we will solve as follows:

0.54 ounce of gold = 1 ton of water

∴ 1 ounce of gold = 1/0.54 = 1.8518519 ounces of water

Next, we are told that 1 ton of water costs $400 to process

∴ 1.8518519 tons of water = 400 × 1.2345679 = $740.7

Therefore, for method B, the effective amount in dollars used to extract 1 ounce of gold = $740.74

Calculating net income from this method is as follows

profit per ounce = selling price per ounce -  cost price per ounce

profit per ounce = 1,750 - 740.74 = $1,009.26

Since the net income from method A ($1070.99) is more than the net income from method B ($1,009.25), method A is recommended

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uysha [10]

Answer:

D. Franchisee

Explanation:

A franchisee can be defined as an individual who is a small business owner who operates a franchise. A franchisee is given license by the franchisor to run a business under the franchisor's trade mark, trade name and method of operations. A franchise is a business in which the owners sell the rights to their business trade mark, trade name, logo and method of operations to a third party outlet or individuals owned separately by who we refer to as the franchisee. In this case, Andrea wants to become a franchisee by opening the same type of popular coffee chain in her town that is found in a nearby town.

6 0
3 years ago
Do you think most employers are serious about the development of their employees or are they only concerned with productivity?
Mandarinka [93]

Answer:

Productivity is the phenomena of the world economies. It is important for the development and growth.

Explanation:

There are many international and national organization that take care about their employees growth. But many of organization are there which is only think about the productivity not about their employees. The industrial organization psychology worked on this concepts. Many research has been done just because to find out about the employees condition and productivity in an organization.

It is very important for employers if they think about the mental, physical health of their employees it affects the productivity. If employees are satisfied with the environment and policy of a company then productivity will also increase side by side.

3 0
2 years ago
Fargo Company's outstanding stock consists of 400 shares of noncumulative 5% preferred stock with a $10 par value and 3,000 shar
kifflom [539]

Answer: Option (a) is correct.

Explanation:

Given that,

Dividend in 2016 = $20,000

Preferred Shares = 400

Par Value of Preferred Stock = 400 × 10 = $4000

Rate of Dividend of Preferred Stock = 5%

(a) Dividend to preferred Shareholders:

= Par Value of Preferred Stock × Rate of Dividend

= $4000  × 5%

= $200

(b) Dividend to Common Shareholders:

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= $20,000  - $200

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6 0
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What+is+the+required+monthly+payment+on+a+$350,000+mortgage?+assume+a+standard+mortgage+(360+months)+with+monthly+payments.+use+
notka56 [123]

Divide the hobby fee you're being charged by means of the number of bills you'll make each year, commonly twelve months. Multiply that discern with the aid of the initial balance of your loan.

Solution:

EMI or Equated monthly payment

= P x R x (1+R)^N]/[(1+R)^N-1]

Where,

P = Principal = $350,000

R = Monthly rate of interest = Annual rate / 12

= 6.9 %/ 12

= 0.575% or 0.00575

N = Number of installments = 360

So, EMI

= $350,000 x 0.00575 x [(1.00575) ^ 360] / [(1.00575) ^ (360-1)]  

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The monthly price is the quantity paid according to a month to pay off the loan within the term of the mortgage. while a mortgage is taken out it isn't always only the primary amount, or the authentic quantity loaned out, that wishes to be repaid, but additionally, the hobby that accumulates. Your month-to-month payment on a 600k loan could be $three,477. which is your general estimated monthly price which includes the most important interest, taxes, and loan coverage.

Disclaimer:- your question is not in a correct format, please see below for the correct question format.

What is the required monthly payment on a+$350,000 mortgage?assume a standard mortgage (360 months) with monthly payments.+use+a+nominal+rate+of+6.90%.

Learn more about Monthly payments here:-brainly.com/question/11965695

#SPJ4

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BigorU [14]

Answer:

its c

Explanation:

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