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3 years ago

What is the relationship between the Employee class and the Manager class? What concept does this demonstrate

Business

1 answer:

FrozenT [24]3 years ago

8 0

Answer:

Here, The Manager class is a child class of Employee class. There is an “Is-A” relationship between the manager and employee classes. Here Manager class extends from Employee class. That means Manager “is an” Employee.

It means Manager class objects will have the fields of the Employee class but it cannot access them on its own as my Name, my Title and my Age are declared private. It has to use super keyword and super class methods and constructors to access those fields. But, Manager class can access mySalary on its own because it is declared protected. As a sub class object can call super class methods ( which are public and protected ), the sub class objects can access those field indirectly by using super class constructors and methods. It means the Manager class cannot directly control the Employee class fields without using Employee class constructors and methods.

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As the operations manager, you prefer to keep a constant workforce and production level, absorbing variations in demand through

podryga [215]

Answer:

Shortage cost for May is $71,000

Explanation:

The expected demand for the month of May is 5000 units.

Shortages for month are carried to next month.

Shortage cost is $10 per month.

(Working days per month x hrs/day x # of workers)

20 days * 8 hours * 23 workers = 3680

Jan : 3680 - 3500 = +180

Feb : 3680 + 180 - 4500 = -640

Mar : 3680 - 640 -6000 = -2980

Apr : 3680 - 2980 -6500 = 5780

May : 3680 - 5780 -5000 = 7100

4 0

3 years ago

(Bond valuation relationships) Stanley, Inc. issues 15-year $1 comma 000 bonds that pay $85 annually. The market price for

BaLLatris [955]

Answer:

a) The value of the bond (to you) is 959.6965579

if the value of the market's required yield to maturity on a comparable-risk bond increases to 11 percent ; we have the value to be 820.2282606
if the market's required yield to maturity on a comparable-risk bond decreases to 7 percent; we have the value to be 1136. 61871

c) Yield to maturity is the expected return on holding the bond till maturity

Thus, Bonds should be purchased when the yield to maturity is the highest ; As such!, if the yield to maturity on a comparable - risk bond decrease to 7%.

You should purchase the Stanley bonds at the current market price of $960.

Explanation:

Given that:

Par Value (F) = $1000

Interest Rate ( annual coupon rate) = $85

Market demand return ( yield to maturity) = 9% = 0.09

Time of maturity = 15 years

a. What is the value of the bond to you?

The value of the bond can be calculated as follows:

= $\frac{annual coupon}{yield}*(1-\frac{1}{(1+yield)^t} )(\frac{Par Value}{(1+yield)^t} )$

= $\frac{85}{0.09}*(1-\frac{1}{(1+0.09)^{15}} )(\frac{1000}{(1+0.09)^{15}} )$

= 959.6965579

Thus, the value of the bond to you = 959.6965579

b. What happens to the value if the market's required yield to maturity on a comparable-risk bond increases to 11 percent .

If increase to 11 % occurs:

we have :

= $\frac{85}{0.11}*(1-\frac{1}{(1+0.11)^{15}} )(\frac{1000}{(1+0.11)^{15}} )$

= $\frac{85}{0.11}*(1-\frac{1}{(1.11)^{15}} )(\frac{1000}{(1.11)^{15}} )$

= 820. 2282606

Hence, if the value of the market's required yield to maturity on a comparable-risk bond increases to 11 percent ; we have the value to be 820. 2282606

What happens to the value if the market's required yield to maturity on a comparable-risk bond decreases to 7 percent?

If decrease to 7% occurs:

= $\frac{85}{0.07}*(1-\frac{1}{(1+0.07)^{15}} )(\frac{1000}{(1+0.07)^{15}} )$

= $\frac{85}{0.07}*(1-\frac{1}{(1.07)^{15}} )(\frac{1000}{(1.07)^{15}} )$

= 1136. 61871

c) Under which of the circumstances in part b should you purchase the bond?

Yield to maturity is the expected return on holding the bond till maturity

Thus, Bonds should be purchased when the yield to maturity is the highest ; As such!, if the yield to maturity on a comparable - risk bond decrease to 7%.

You should purchase the Stanley bonds at the current market price of $960.

8 0

4 years ago

A tariff is a A. tax on an exported good. B. limit on how much of a good can be imported. C. tax on an imported good. D. limit o

tatyana61 [14]

Answer:

Explanation:

5 0

4 years ago

Read 2 more answers

What output quantity will the monopolistically competitive firm produce to maximize profits?

saveliy_v [14]

The output quantity which the monopolistically competitive firm produce to maximize profits is when, "the marginal cost equals the marginal revenue."

In the monopolistically competitive firm, a monopolist can determine its profit-maximizing price and quantity by analyzing the marginal revenue and marginal costs of producing an extra unit. If the marginal revenue exceeds the marginal cost, then the firm should produce the extra unit.

The profit-maximizing quantity is the one at which the marginal revenue of the last unit was exactly equal to the marginal cost. Thus, producing any more or less would decrease profits.

Hence, the monopolistically competitive firm produce output quantity when the marginal cost equals the marginal revenue.

To learn more about the marginal cost and marginal revenue here:

brainly.com/question/14156745

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2 years ago

Escanaba purchased five-year debt securities on 1/1/21, which it plans to hold until maturity. At 12/31/21, the market value is

Sliva [168]

Answer:

Escanaba should report their investment as held to maturity securities, therefore, they must be reported as non-current assets (since they mature in more than 1 year). Generally HTM securities are reported at their amortized cost.

This means that any change in their market price (gains or losses) will not be reported in the balance sheet nor the income statement.

7 0

3 years ago