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Yuri [45]
4 years ago
8

Raymond estimates that the fixed costs associated with opening a new bank branch are $500,000. he expects the branch to attract

1,000 new customer accounts in the first year, each of which will cost $50 per year to service. he also expects to generate $100,000 per year in revenue. for raymond, the total cost of opening the new branch and remaining open for one year will be
Business
1 answer:
Gnesinka [82]4 years ago
4 0
Raymond's assets:$500.000 in cash
Raymond's revenue: $100.000 per year (revenue is not need in calculation as it's the aftermath.)
1,000 customers * $50 per year

Raymond's assets

1.000 customers * $50 per year
= $50.000 + net: $500.000 = $550.000 (for opening new branch and remaining open for one year)

The is $550.000


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An agent gives a conditional receipt to a client for an insurance policy after collecting the initial premium. when will the pol
ExtremeBDS [4]
If the insurer takes the policy as applied for the coverage will take effect when the conditions of the receipt are met and from the date of the application or medical exam. The two types of conditional receipts are insurability and approval. The insurability receipt provides interim coverage as the applicant is insurable while the approval receipt will not begin until the insurer will approve the claim. However, conditional receipts will provide the coverage if the applicant is insurable as applied for and coverage will not be delivered until the applicant accepts the coverage if the insurer concerns a counter-offer because the applicant is substandard risk. 
4 0
3 years ago
Raw materials inventory was $27,000 at the beginning of the year and $25,000 at the end of the year. During the year, $100,000 i
tatuchka [14]

Answer:

c. $74,000

Explanation:

Raw Material Ending Inventory = Raw Material Beginning Inventory + Purchases - Cost of material for the year

Raw Material Ending Inventory = Raw Material Beginning Inventory + (Total Purchases- Indirect material purchased) - Cost of material for the year

$25,000 = $27,000 + ( $100,000 - $28,000 ) - Cost of material for the year

$25,000 = $27,000 + 72,000 - Cost of material for the year

$25,000 = $99,000 - Cost of material for the year

Cost of material for the year = $99,000 - $25,000

Cost of material for the year = $74,000

4 0
3 years ago
What is the yield to maturity on a​ one-year, $1,000 Treasury bill with a current price of​ $900?
schepotkina [342]

Answer:

So yield to maturity will be 11.1 %

Explanation:

We have given final value FV = $1000

Current price = $900

Time is given t = 1 year

We have to find the rate of interest

Future value is given by

A=P(1+\frac{r}{100})^n, here A is future value and P is current price

So 1000=900(1+\frac{r}{100})^1

1.111=1+0.01r

0.111=0.01r

r = 11.1 %

8 0
4 years ago
Bertha runs a fashion boutique. She prefers to personally interact with her customers to gauge the styles that would suit their
kvv77 [185]

Answer:

The correct answer is letter "A": providing personal customer service.

Explanation:

Customer service is a key feature that allows boosting the permanency of clients in selecting one product or service over the competitors. The more <em>personalized </em>the customer's experience is, the longer they will prefer to remain to purchase the goods of the entity or using their services.

3 0
4 years ago
Number of WorkersUnits of Output 00 110 290 3126 4150 5165 6180Refer to above data. Diminishing marginal returns become evident
kakasveta [241]

Answer:

The answer is "The third worker".

Explanation:

Please find the correct question in the attachment file.

\text{Number of Workers}      \ Units \ of \ Out-put          \text{marginal Product}\\\\      1\ \ \ \ \ \ \ \ \ \ \ \ \ \   40\ \ \ \ \ \ \ \ \ \ \ \  \ \  40  \\\\2 \ \ \ \ \ \ \ \ \ \ \ \  \ \ 90 \ \ \ \ \ \ \ \ \ \ \ \  \ \ 50\\\\  3 \ \ \ \ \ \ \ \ \ \ \ \  \ \ 126 \ \ \ \ \ \ \ \ \ \ \ \  \ \ 36\\\\  4 \ \ \ \ \ \ \ \ \ \ \ \  \ \ 150\ \ \ \ \ \ \ \ \ \ \ \  \ \ 24\\\\  5 \ \ \ \ \ \ \ \ \ \ \ \  \ \ 165 \ \ \ \ \ \ \ \ \ \ \ \  \ \ 15\\\\  6\ \ \ \ \ \ \ \ \ \ \ \  \ \ 180\ \ \ \ \ \ \ \ \ \ \ \  \ \ 15

from 50 units down to 36 units.

3 0
3 years ago
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