One year
7000×1.03^1 = $7210.00
two year
7000×1.03^2 = $7426.30
Answer:
$33,630
Explanation:
Given that the company's collection history shows that 43% of credit sales are collected in month of sale and the remainder (57%) is collected in the following month then, in the month of January, Cash collections in January from December credit sales would be equivalent to 57% of December Credit sales. Using the actual figures,
Cash collections in January from December credit sales would be
= 57% * 59,000
= $33,630
The profit-maximizing price and combined quantity of output is indicated in the demand curve by using a black point (plus symbol).
<h3>What is a cartel?</h3>
A cartel can be defined as a formal agreement between two or more business firms (producers) of a particular product or service, that's formed to control production, sales and pricing in an oligopolistic industry.
At equilibrium in a cartel, marginal revenue is equal to marginal cost (MR = MC). Thus, the profit-maximizing price and combined quantity of output should be calculated from the demand curve as illustrated in the image attached below.
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<u>Complete Question:</u>
Mays and McCovey are beer-brewing companies that operate in a duopoly (two-firm oligopoly). The daily marginal cost (MC) of producing a can of beer is constant and equals $0.40 per can. Assume that neither firm had any startup costs, so marginal cost equals average total cost (ATC) for each firm.
Suppose that Mays and McCovey form a cartel, and the firms divide the output evenly. (Note: This is only for convenience; nothing in this model requires that the two companies must equally share the output.)
Place the black point (plus symbol) on the following graph to indicate the profit-maximizing price and combined quantity of output if Mays and McCovey choose to work together.
I believe that the kind of example that Yohann is setting is the importance of financial planning. So before Yohann lost his job, he was thinking ahead and set a lot of money aside throughout his working years for a rainy day. He couldn't predict that something bad like a recession was going to happen, but he was still prepared for it nevertheless. The other answers do not apply here.
The effective annual yield of the treasury bill will equal 15.55%.
<h3>What is an
effective annual yield?</h3>
The effective annual yield means profit or returns that an investor will receive on a bond.
Three months Yield = (Par value - Current value) / Current value
Three months Yield = (100,000 - 96,454) / 96,454
Three months Yield = 0.03676363862
Three months Yield = 3.68%
Effective annual yield = (1+I)^n-1
Effective annual yield = (1+0.0368)^4 - 1
Effective annual yield = 1.15552661809 - 1
Effective annual yield = 0.15552661809
Effective annual yield = 15.55%
In conclusion, the effective annual yield of the treasury bill will equal 15.55%.
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