Answer:
You need to have in mind that you are looking at the present value because the lump sum is worth $50,000 today. You need to compare the present for 10 years of your life would be worth today.
So:
FV=0
N=10 X 12=120
PMT= 641
I=6.5% / 12= 0.5417%
Solve for PV= $56,451.91 (is larger than $50,000)
Answer: the firm does not have sufficient time to change the size of its plant the firm
Explanation:
In the short run a company is unable to change the size of its plant along with other fixed costs so the production capacity is limited. This is why in the short run, there is a limit to how much supply can increase in response to an increase in demand.
In the long run however, the company would have been able to increase its plant and its production capacity by extension as it would have had enough time to do so.
Job order production is most likely used by companies that produce customized wedding cakes.
What is Job order production?
Job order production is used to producing customized products for a specific customer. Because each order or job is a personalized order submitted by the customer.
Producing bespoke wedding cakes to order for particular occasions or to fulfill the needs and desires of customers. The product is custom-ordered by the consumer, and the manufacturer develops and manufactures it.
As a result, Job order production is producing designed product to fulfill the customer needs such as customized wedding cakes.
Learn about more on Job order production, here:
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Answer:
A neutral third party from outside the organization will hear the case via a nonbinding process.
Explanation:
Assuming in an alternative dispute resolution program (ADR), the concerned employee and supervisor have finished the peer review stage and have not reached a settlement.
The most likely next stage in the ADR process would be to invite a neutral third party such as a mediator or negotiator from outside the organization, who will hear the case via a nonbinding process.
According to the Bureau of Economic Analysis (BEA), a greenfield investment is a project “where foreign investors establish a new business or expand an existing business on U.S. soil.”
