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fomenos
3 years ago
5

Johnny is a sophomore in college and has a 1.5 cumulative grade point average (GPA). Johnny's cumulative GPA will fall even furt

her next semester if he performs worse than (i) his cumulative GPA. (ii) he ever performed before. (iii) he did last semester. A. (ii) and (iii) only B. (i) and (ii) only C. (i) and (iii) only D. (i), (ii), and (iii)
Business
1 answer:
Debora [2.8K]3 years ago
6 0

Answer: B

Explanation:

With the options given, Johnny can only perform worse if he performs worse than his cumulative GPA and also if he performed less than he ever performed before. The last option about Johnny's performing worse than last semester might not necessarily have an effect on his GPA. A cumulative GPA is the total GPA Johnny has gotten since he started school. The last semester might be one of his best semesters and probably had a good result so getting a result slightly lower than his last semester might not necessarily mean there will be a reduction in his cumulative GPA. So option B is correct.

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Suppose the Federal Reserve sets the reserve requirement at 12 percent, banks hold no excess reserves, and no additional currenc
Naily [24]

Answer:

See below.

Explanation:

For a)

The money multiplier or the credit multiplier can be calculated as follows,

Money multiplier = 1 / reserve ratio

Multiplier = 1 / 0.12 = 8.33 times

For b)

For a negative $80 million change by the Fed there will be a total change in the economy of 80 * 8.33 = $666.4 million.

A -80 million change will contract money supply by $666.4 million in the economy.

For c)

This can be calculated by dividing the target by the money multiplier.

So to achieve a change of $500m the Fed will expand the money supply by

= 500 / 8.33 = $60.02m.

Hope that helps.

8 0
3 years ago
Enterprises buys a warehouse for $ 570 comma 000$570,000 to use for its East Coast distribution operations. On the date of theâp
Nitella [24]

Answer:

$570,000

Explanation:

At the time of recording of the fixed assets, the fixed assets should be reported at purchase cost or historical price  or originally cost or acquiring cost, whether all other values are given i.e appraisal value, the seller purchased value, similar warehouse book value, etc

So, in the given case, it would be recorded at $570,000 as the buyer purchase the building at this cost only.  

7 0
2 years ago
2. Sally Medavoy will invest $8,000 a year for 3 years in a fund that will earn 10% annual interest. If the first payment into t
ipn [44]

Answer: $10,746

Explanation:

Using Compound interest formula

A= p(1+r/n) *nt

A= final amount =?

P= initial principal =$8, 000

r = interest rate = 0.1

n= nob of times interest applied(3)

t=nob of times period elapsed (3)

A = 8,000 (1+0.1/3) *9

A = 8000 (3+0.1/3) *9

A= 8000 (3.1/3) *9

A = 8000 (1.0333) *9

A = 8000 × 1.34327

A= $10,746

5 0
3 years ago
Kasten, Inc budgeted 10,000 widgets for production during 2013. Kasten has capacity to produce 12,000 units. Fied factory overhe
Vlada [557]

Answer:

Check the following calculations

Explanation:

1.  Received an order for 1,000 units

Cost per unit = $46

now

Incremental revenue per widget = $43

Incremental cost per widget: =( Direct material + Direct Labor + Vairable manufacturing overhead) =

$7 + ($15 × 2) + $4 = 41

Incremental profit per unit = 43 - 41 = $2

Total incremental profit = $2 × 1,000 = $2,000

Kasten can make an extra $2,000

2.  Cost to buy per widget = $39

Cost to make per widget: = ( Direct material + Direct Labor + Vairable manufacturing overhead) =

$7 + ($15 × 2) + $4 = 41

Incremental savings per widget if purchased =41 - 39 = $2

Total incremental savings if purchased = $2 × 10,000 = $20,000

Thus we can say  Kasten will save $20,000 if it buys instead of makes

5 0
3 years ago
Assume that you are a vending machine dealer. You plan to purchase a vending machine for $200,000. One year later, you are expec
stepladder [879]

Answer:

1) 22%

2) YES as the return in the investment is 12% while the average cost of capital in this case; is of 8% hence there is a gain above the minimum accepted return.

Explanation:

-200,000 + \frac{224,000}{1+ IRR}  = 0

IRR = 12%

weighted-average cost of capital:

DEBT      80,000 x 5%   =   4,000

EQUITY 120,000 x 10% =<u> 12,000</u>

VALUE  200,000             16,000

16,000 / 200,000 = 8%

4 0
3 years ago
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