Please helpppppppp (sorry Need to get the word limit in)

Compute the current output of the economy. round your answer to at least three decimal places. do not include commas, dollar sig

Molodets [167]

Current output Y = AK^(alfal)L^(1- alfa)

Here A = 100

K= 50,000

L = 100

a ( Alfa) =o.33

Y= 100*(50,000)^0.33*(100)^0.66= 5642.296

Calculus. The analysis is the most common type of mathematics in economics. Calculus uses a variety of formulas to measure limits, functions, and derivatives. Many economists use calculus in measuring economic information.

Mathematics and Economics are complementary fields. Most areas of modern economics make extensive use of mathematics and statistics, and several important areas of mathematical research have been motivated by economic problems.

No. Economics Mathematics is not difficult. Economics is not a particularly difficult undergraduate subject. ...but the most prepared economics majors choose to take mathematics courses at roughly the same level as mathematics majors, and many even choose to double major.

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8 0

2 years ago

A liquid company produces hand sanitizer which has demand of 300,000 units per year.

jarptica [38.1K]

Answer:

EOQ = = 15,491.93 units

Optimal order interval 18.8 days (19.36 orders in year)

Total cost = $150,774.60

Explanation:

The Economic Order Quantity (EOQ) is the order size that minimizes the balance of ordering cost and holding cost. At the EOQ, the carrying cost is equal to the holding cost.

It is computed using he formulae below

EOQ = √ (2× Co× D)/Ch

Co- ordering cost per order- 20,

Ch -Holding cost per unit per annum- 10%× $0.5= 0.05

Annual demand: D- 300,000

EOQ = √(2× 20 * 2,580)/(10%× 0.5)

= 15,491.93 units

Assuming 365 days, the optimal order interval in dates

Number of orders per year

= annual demand/EOQ

= 300,000/ 15,491.93

= 19.36 times

in days:

= EOQ/300,000 × 365 days

= (15,491.93/ 300,000) × 365 days

= 18.8 days

Total annual cost =

Total cost Purchase cost + Carrying cost + ordering cost 

$

Purchase cost = $0.5 × 300,000 = 150,000

Carrying cost = (15,491.93/2) * 10%*0.5 = 387.29

Ordering cost = (300,000/15,491.93 ) × 20 = 387.29

Total cost 150,774.60

5 0

3 years ago

Planning goals is a large part of self-management.

Paladinen [302]

Answer:

True.

Explanation:

Planning can be defined as the process of developing individual or organizational aims, goals and objectives and translating them into action plans or courses of action.

Goals generally refers to the outcome statements that describe what an individual is hoping to achieve (accomplish), where he or she hopes to be in the nearest future, and the purpose for an action plan.

Planning goals is a large part of self-management because it sets the direction an individual should follow to achieve his or her objectives, mission or plans.

3 0

3 years ago

Connie works in the Human Resource department of a company and is

GenaCL600 [577]

Answer:

Explanation:

A This scenario describes a payroll fraud ; This is a form of fraud where an employee or an employer manipulates the payroll system in order to fraudulently receive an un earned wages.

B The employees that Connie was paying to their account that she controls are called Ghost employees. These are fictitious person put on a payroll for fraud purposes.

C The fact that it took the company 5 years to discover the fraudulent practice indicates a weak internal control environment

D

Some of the actions that the company failed to do are
No proper authorization in place before employees are added to payroll
No segregation of duties as Connies appears to have been the person that add employees to payroll , approve and also disburse salary
There has been no headcount of employees for a long time
The entire payroll system has not been audited and reviewed for a long time

8 0

3 years ago

Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserv

Svetllana [295]

Answer and Explanation:

a. The completion of the following table to reflect any changes in First Main Street Bank's T-account is shown below:-

First Main Street Bank's Balance Sheet

Assets Amount Liabilities Amount

Reserves $750,000 Checkable Deposits $750,000

b. The completion of the following table to show the effect of a new deposit on excess and required reserves is shown below:-

Amount deposited Change in excess Change in required

reserves reserves

$750,000 $600,000 $150,000

($750,000 - $150,000) ($750,000 × 20%)

3 0

3 years ago