if the money multiplier is equal to 7.5 and banks hold no excess reserves and consumers hold no cash, then calculate the reserve requirement. round your answer to the nearest thousandth.

To know the total cost for sales of 500,000 pairs of eyeglasses for Warby Parker, given that the materials cost per pair is $6.

Labor cost is $5 each, production overhead is $1,000,000, and advertising and promotion costs are $1,000,000. Let's calculate the total cost step by step:

1. Calculate the cost per pair of glasses: $6 (materials) + $5 (labor) = $11 per pair. 2. Multiply the cost per pair by the number of pairs sold: $11 x 500,000 = $5,500,000

3. Add production overhead: $5,500,000 + $1,000,000 = $6,500,000
4. Add advertising and promotion costs: $6,500,000 + $1,000,000 = $7,500,000

The total cost for sales of 500,000 pairs of these eyeglasses is $7,500,000.

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you would need to deposit approximately $65.73 each week from your paycheck into the account that earns 4.68% compounded weekly in order to save $23,000 in 5 years for a down payment on a house.

To calculate how much you must deposit each week to save $23,000 in 5 years, you need to use the formula for compound interest:A = P(1 + r/n)^(n*t)

Where A is the future value, P is the present value, r is the interest rate, n is the number of times the interest is compounded per year, and t is the number of years.In this case, we want to solve for P, which is the amount you need to deposit each week.

We know that:A = $23,000 r = 4.68% (or 0.0468 as a decimal) n = 52 (since there are 52 weeks in a year)t = 5 years
Plugging in these values, we get:$23,000 = P(1 + 0.0468/52)^(52*5).Simplifying the exponent, we get:$23,000 = P(1.004496)^260

Dividing both sides by (1.004496)^260, we get:P = $23,000 / (1.004496)^260.Using a calculator, we get:P ≈ $65.73.So you would need to deposit approximately $65.73 each week from your paycheck into the account that earns 4.68% compounded weekly in order to save $23,000 in 5 years for a down payment on a house.

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The journal entry records the credit sales, along with the sales tax that Interstate Farm Equipment Company is liable to pay to the state and local authorities.

1. December 15:
Cash - $12,000
Unearned Revenue - $12,000
2. December (multiple entries):
Cash - $32,000
Refundable Deposits Liability - $32,000
3. December (summary entry):
Accounts Receivable - $888,000
Sales Revenue - $840,000
State Sales Tax Payable - $44,400
Local Sales Tax Payable - $17,760

The Sales revenue is calculated as ($888,000 / 1.07 = $840,000), where 1.07 is the total tax rate of 7%. The state sales tax payable is calculated as ($840,000 * 5%) = $44,400, and the local sales tax payable is calculated as ($840,000 * 2%) = $17,760.

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If you open a pizza restaurant and assume that all potential customers have similar needs and wants, you are using a mass marketing approach to define your target market.

In mass marketing, businesses assume that all customers have similar needs and wants and design a product or service to appeal to a broad range of customers. This approach is generally used for products or services that are considered to be basic necessities and have a large potential customer base.

However, in reality, customers have different needs and preferences, and a mass marketing approach may not be effective in attracting and retaining customers.

A more effective approach is to use market segmentation, which involves dividing the market into smaller groups with similar needs and preferences and targeting these groups with a tailored marketing mix.

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The demand curve in the fish market will shift to the right.(B)

If chicken farms experience a significant increase in the price of chicken feeds, the cost of producing chicken will rise. As a result, the price of chicken in the market will likely increase, making it less attractive to consumers.

Since fish and chicken are substitutes, consumers will turn to fish as an alternative. This increase in demand for fish will cause the demand curve in the fish market to shift to the right, as more consumers are now willing to buy fish at any given price.(B)

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There are two plausible explanations for why Company B's labour productivity is lower than Company A's: low morale throughout your entire crew. Employees do not want to feel that their time is being wasted.

staff productivity is usually higher and turnover is decreased when staff morale is strong. Employee productivity suffers and turnover rates increase when morale is low, on the other hand. This makes sense because disgruntled workers are less inclined to give their best effort.

The general productivity and market competitiveness of your business are directly associated with employee morale, which, in turn.

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The minimum price at which the business should sell the machine after the adaptations have been made is 15,776.

we need to consider the cost of the adaptations and the opportunity cost of selling the machine to the agricultural supplier.

The cost of the adaptations will involve the cost of the four components and the cost of the skilled labor required to fit them.

The cost of the four components will be 4 x 800 = 3,200.

The cost of the skilled labor will be 16 x 2 x 18 = 576.

The opportunity cost of selling the machine to the agricultural supplier is the difference between the minimum price at which the business should sell the machine and the offer from the supplier.

Therefore, the minimum price at which the business should sell the machine after the adaptations have been made is:

Minimum price = Cost of adaptations + Opportunity cost

Minimum price = 3,200 + 576 + (22,000 - 10,000)

Minimum price = 3,776 + 12,000

Minimum price = 15,776

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Given a stock had returns of 40%, -18%, and 36% in each of the past three years, and the arithmetic average annual return for the stock was 21.00% over the past four years, the geometric return for the stock over the past four years is 16.01% (plus or minus 0.02 percentage points).

The formula for calculating the geometric return is:

[(1 + r1) x (1 + r2) x (1 + r3) x (1 + r4)] ^ (1/n) - 1

where r1, r2, r3, and r4 are the returns for each year and n is the number of years (4 in this case).

Since we only have returns for the past three years, we need to assume a return for the fourth year. One way to do this is to use the arithmetic average return of 21% and assume that the fourth year's return is also 21%.

Using this assumption, the calculation becomes:

[(1 + 0.4) x (1 - 0.18) x (1 + 0.36) x (1 + 0.21)] ^ (1/4) - 1

= [1.22 x 0.82 x 1.36 x 1.21] ^ 0.25 - 1

= 1.414 ^ 0.25 - 1

= 0.1641

So the geometric return for the stock over the past four years, assuming a 21% return for the fourth year, is 16.41%.

Thus, the closest answer choice within 0.02 percentage points is 16.01%, so that is the correct answer.

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The answer is c. Durability.

Durability is the most important characteristic for the OUTDOOR ENTHUSIAST segment, according to the measure of FEATURE DESIRABILITY.

Rachel, the Director of Product Development, mentions that achieving 85% FEATURE DESIRABILITY is important for developing a product that aligns with the segment's preferences. She then poses a question about the most important characteristic for the OUTDOOR ENTHUSIAST segment, and the correct answer is c. Durability, as this segment is likely to use the backpack in rugged outdoor environments and needs a product that can withstand such conditions.

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The shift of the aggregate demand curve to the right can be caused by a decrease in interest rates as it stimulates consumption and investment.

This leads to an increase in demand for goods and services, causing the AD curve to shift to the right. A fall in the price level or falling exports, on the other hand, can lead to a shift in the aggregate demand curve to the left, as it reduces the demand for goods and services.
Lower interest rates can shift the aggregate demand curve to the right. This is because lower interest rates lead to cheaper borrowing costs, which encourages consumer spending and business investment, ultimately increasing the overall demand for goods and services in the economy.

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When interest rates increase, making bonds more attractive, the demand for stocks will typically decrease and the price of stocks will also decrease.

This is because investors may shift their investments from stocks to bonds, as bonds become a more attractive investment option due to higher interest rates.

As interest rates rise, bonds offer higher returns, which make them more appealing to investors. Consequently, the demand for stocks decreases as more investors move their money from stocks to bonds. With a lower demand for stocks, the prices of stocks are likely to fall, as there is less buying pressure to drive up stock prices. This is known as the inverse relationship between interest rates and stock prices.

In summary, when interest rates increase and make bonds more attractive, the demand for stocks decreases, and the price of stocks decreases as well.

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we used the normal distribution and the "z" value to calculate the probability of Lester losing a certain percentage or more in any given year. We then rearranged the formula to solve for the percentage of loss that has a one percent probability, which is -38.87 percent.

we need to use the information given about Lester's portfolio. The average return of 13.5 percent and standard deviation of 14.5 percent are measures of the portfolio's historical performance and volatility.
To calculate the probability of Lester losing a certain percentage or more in any given year, we need to use the normal distribution and the "z" value associated with that probability. The "z" value is a measure of how many standard deviations away from the mean (average return) the loss would be.
Using the table provided, we can find the "z" value associated with a one percent probability of loss to be 2.326. We can then use this "z" value and the formula: => Loss = (z value x standard deviation) - average return
Plugging in the values given for Lester's portfolio, we get:
Loss = (2.326 x 14.5) - 13.5
Loss = 21.69 - 13.5
Loss = 8.19
This means that there is a one percent probability of Lester losing 8.19 percent or more in any given year.  the percentage of loss that has a one percent probability, not the other way around. To find this, we can rearrange the formula to solve for the "z" value:
z value = (loss + average return) / standard deviation
Plugging in the probability of loss given in the table (2.5), we get:
z value = (-38.87 + 13.5) / 14.5
z value = -25.37 / 14.5
z value = -1.75
This means that a loss of -38.87 percent has a one percent probability, as represented by the "z" value of -1.75. Therefore, the main answer to this question is option B (-38.87).

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The equilibrium price is a key concept in economics that refers to the point where the demand and supply curves intersect, and the quantity demanded and supplied are equal.

This price is established when the quantity purchased is the same as the quantity offered or supplied. In other words, the market is balanced, and there is no excess demand or supply.

At the equilibrium price, the quantity demanded is the same as the quantity supplied, and there is no shortage or surplus. This means that buyers and sellers are able to trade at a mutually agreeable price, and both parties benefit.

In contrast, if the price is too high, buyers may not be able to afford the product, and if the price is too low, sellers may not be able to cover their costs.

In some cases, the amount of raw materials available may also affect the equilibrium price. If the quantity supplied is more than the amount of raw materials available, the price may be driven down as suppliers try to clear their inventory.

On the other hand, if the demand is more than the amount of raw materials available, the price may be driven up due to scarcity.

Overall, the equilibrium price is an important concept in understanding how markets function and how prices are determined. By balancing supply and demand, it ensures that goods and services are allocated efficiently and that both buyers and sellers can benefit from trade.

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The role of multinational corporations has increased over the years due to several reasons, including globalization, technological advancements, and the pursuit of market expansion. These factors have led to an increase in international market portfolios, which serve as a source of risk diversification for many companies. This diversification helps reduce the impact of economic downturns in individual countries, ensuring more stable growth and profitability for multinational corporations.

The role of multinational corporations (MNCs) has increased over the years due to several factors. Firstly, advancements in technology and transportation have made it easier for MNCs to expand their operations globally. Secondly, liberalization of trade policies by governments has created more opportunities for MNCs to operate in foreign markets. Thirdly, MNCs are able to take advantage of economies of scale by producing and selling their products in multiple countries. Fourthly, access to new resources and talent pool in foreign countries has helped MNCs improve their productivity and competitiveness. Additionally, MNCs are able to diversify their risks by expanding their operations in different countries, allowing them to hedge against any economic or political instability in a particular country. In conclusion, the international market portfolio serves as a source of risk diversification for many companies, and MNCs have been able to take advantage of this to expand their global presence.

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a. The linear programming model for this problem can be formulated as:

Maximize:

7R + 12C

Subject to:

3R + 2C ≤ 900 (cutting and sewing department constraint)

2R + 2C ≤ 300 (finishing department constraint)

1R + 3C ≤ 100 (packaging and shipping department constraint)

R, C ≥ 0 (non-negativity constraints)

b. The optimal solution using Excel Solver is to manufacture 200 regular gloves and 100 catcher's gloves.

c. The total profit contribution Kelson can earn with the optimal production quantities is $2,700.

d. The hours of production time scheduled in each department are as follows:

Cutting and sewing department: 750 hours

Finishing department: 150 hours

Packaging and shipping department: 100 hours

e. The slack time in each department is as follows:

Cutting and sewing department: 150 hours

Finishing department: 150 hours

Packaging and shipping department: 0 hours

The cutting and sewing department has the most idle time, which means that it has the most capacity available to produce additional gloves if demand increases. The packaging and shipping department is fully utilized, meaning that any increase in demand will require additional capacity in this department.

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Tt is important to note that Chindo, as a book dealer, has the right to refuse to sell his books to any customer, regardless of their reason for wanting to buy the book. However, if the reason for refusing the sale is based on discriminatory or unlawful grounds, such as race or gender, then Chindo's actions would be deemed illegal.

In this case, it is not clear why Chindo refused to sell the book on Contract Law to Judy, even though she had the exact amount of money needed to purchase it. If Judy suspects that Chindo's refusal was based on unlawful grounds, then she may want to consult with a lawyer to see if she has any legal options.

However, if Chindo managed a self-service grocery and refused to sell after Judy had removed a packet of sugar from the shelf and rendered the correct price of this to him at the cash desk, then Chindo would be in the wrong. Once a customer has taken an item and paid for it, the store is legally obligated to sell it to them.

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According to the concept of product life cycle management, Coca-Cola should consider deleting the Fruitopia beverage from their product line.

When Coca-Cola introduced Fruitopia, they had high expectations for its success, investing $30 million and setting achievable sales goals. However, the product failed to meet these goals and has been losing money for the company.

Product life cycle management focuses on effectively managing a product through its various stages, from introduction to growth, maturity, and decline. It helps businesses make strategic decisions about how to invest resources and when to phase out a product if it is not performing well. In Fruitopia's case, it appears to be in the decline stage, as it is not generating the desired sales and profits.

Considering the concept of product life cycle management, it would be in Coca-Cola's best interest to delete Fruitopia from their product offerings. This would allow the company to focus on more successful products, allocate resources more efficiently, and ultimately improve their overall profitability. Deleting a poorly performing product like Fruitopia can also help maintain the company's brand reputation by ensuring that they continue to offer high-quality products that meet consumer demands.

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To assess competitors marketing to the high-performance running shoe segment, Nike should:

1. Identify key competitors: Determine which companies are targeting the same consumer segment with similar products, such as Adidas, Asics, or New Balance.

2. Analyze product offerings: Compare features, technology, and pricing of competitor shoes to the Zoom Vaporfly, identifying strengths and weaknesses.

3. Monitor marketing strategies: Observe how competitors promote their products, including advertising, endorsements, and sponsorships.

4. Evaluate consumer perceptions: Research customer reviews and feedback to understand consumer preferences and satisfaction levels with competitor products.

5. Assess market share: Determine competitors' market share and growth trends in the high-performance running shoe segment.

6. Benchmark performance: Compare key performance indicators (KPIs), such as sales, profitability, and customer satisfaction, to measure Nike's position relative to competitors.

This comprehensive assessment will help Nike understand its competitive landscape, enabling the company to make informed decisions and strengthen its market position.

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Based on the information provided, the $50,000 receipt for supplying business suits to the reality TV show constitutes ordinary income as it is a payment received in the course of Suits Pty Ltd's business operations of selling men's suits.

The $10,000 receipt for providing a list of importers to someone opening up a similar business in Sydney may also constitute ordinary income if it is considered to be part of Suits Pty Ltd's regular business operations. However, if this is a one-time payment that is not related to the company's normal business activities, it may not be considered ordinary income. It would be important to consider the specific circumstances surrounding this payment to determine whether it constitutes ordinary income or not.

Regarding the receipts earned by Suits Pty Ltd:

1. $50,000 for supplying business suits to the reality TV show 'The Office Professional': This receipt constitutes ordinary income. It is derived from the company's usual business operations, which involve selling men's business suits.

2. $10,000 paid by someone opening up a similar business in Sydney for the list of importers: This receipt also constitutes ordinary income. It is derived from sharing business-related information, which can be considered part of the company's general business activities. Though it might not be a regular transaction, it is still connected to the company's main income-producing activities.

In conclusion, both receipts mentioned ($50,000 and $10,000) can be considered as ordinary income for Suits Pty Ltd, as they are related to the company's primary business activities.

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Answer: (A) Choosing segments to target and allocating resources.

The market-attractiveness/competitive-position matrix is plotted during the step of choosing segments to target and allocating resources. This matrix helps determine the best opportunities by evaluating the attractiveness of potential target markets and the competitive position of the company within those markets. It helps in identifying which segments are most attractive and where the company should allocate its resources to maximize profitability.

External factors of market attractiveness that affect a business include market size, market growth, entry barriers, segmentation, and overall risk.

Internal factors of competitive strength include assets, competencies, brand strength, profit margins, innovation, and quality.

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If the price of salmon feed decreases, it will lead to a decrease in the price of farm-raised salmon. As a result, the consumer will likely increase their consumption of salmon because it now provides a greater level of utility for the same price.

The scientific study revealing that tuna is less healthy than previously thought will decrease the utility that the consumer derives from consuming tuna. As a utility-maximizing consumer, they will likely decrease their consumption of tuna since it now provides a lower level of utility. Therefore, the consumer is likely to increase their consumption of salmon and decrease their consumption of tuna in response to the changes in price and health information.

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Answer:

To weaken the dollar using a sterilized intervention, the Fed will sell U.S. dollars and simultaneously buy Treasury securities.

Explanation:

A sterilized intervention is a type of monetary policy intervention where a central bank intervenes in the foreign exchange market to influence the value of its currency without affecting domestic interest rates or money supply.

To weaken the dollar using a sterilized intervention, the Fed would sell U.S. dollars and simultaneously purchase Treasury securities.

When the Fed sells dollars, it increases the supply of dollars in the foreign exchange market, which reduces the value of the dollar relative to other currencies.

This makes U.S. goods and services cheaper for foreign buyers and stimulates exports. At the same time, the Fed purchases Treasury securities, which removes dollars from the economy and offsets the impact of the increased supply of dollars in the foreign exchange market.

This helps to prevent any inflationary pressure that could result from the increase in money supply.

However, the effectiveness of sterilized intervention is often limited, as it relies on market participants' willingness to adjust their positions in response to the intervention.

If market participants do not believe that the intervention will have a lasting effect, they may not change their behavior, and the intervention may fail to achieve its desired effect.

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Regarding the first question, other employees may participate in marketing planning because they can offer valuable insights and perspectives from their areas of expertise.

For example, sales staff may provide input on customer needs and preferences, while technical staff may provide input on product features and capabilities. Additionally, involving a diverse group of employees in the planning process can help build support and buy-in for the marketing plan.

The most important part of a marketing plan is the target market and positioning strategy. This is because it sets the foundation for all other aspects of the plan, such as product development, pricing, promotion, and distribution.

If the target market and positioning strategy are not well-defined and aligned with customer needs and preferences, the rest of the plan may not be effective.

The least important part of a marketing plan may vary depending on the specific situation, but it could be argued that some of the tactical details such as specific advertising messages or social media tactics are less important than the overall strategy and customer insights.

The most important part of a marketing audit is the evaluation of customer needs and preferences. This is because marketing ultimately exists to create value for customers, so understanding their needs and preferences is essential to developing effective marketing strategies.

Additionally, customer insights can help identify opportunities for innovation and differentiation.

The least important part of a marketing audit may be the evaluation of internal processes and procedures, as these may not have as direct an impact on customer satisfaction and value creation.

However, these factors can still be important for ensuring efficiency and effectiveness in the organization's marketing efforts.

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The new media channels that are used by businesses in the Saudi market and do the communication and savonda should get in touch with the book's owner in this situation. The correct answer is c. You can create a table for establishing the comparisons.

As that would be the moral thing to do Stephen decided to post this message, someone from the HR division he oversaw at work would interpret it. Language barrier is a potential communication issue that Veronica can experience on this multicultural, international business trip. It is important to remember that communication is merely the sharing of information between parties. Because the communication was poor after Marisa's presentation, her coworkers might not have understood the new email programme in this instance. Due of this, the coworkers missed the message.

Complete question:

Select one of the new media channels that are used by businesses in the Saudi market and do the following:Discuss its characteristics.

a. Provide as many relevant details as possible.

b. New media channelsTraditional media channels

c. You can create a table for establishing the comparisons.

What is your level of engagement with this new media channel?*answers don't need to be long*?

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The statement "The reason Carlos Ghosn was fired from Nissan is that he failed to set a clear direction for the firm but did maintain an ethical culture." is false.

Carlos Ghosn was fired from Nissan due to allegations of financial misconduct, including underreporting his income and misusing company funds. It was not related to his ability to set a clear direction or maintain an ethical culture at the firm.

Carlos Ghosn was fired from Nissan primarily due to allegations of financial misconduct and not properly disclosing his compensation, rather than a failure to set a clear direction for the firm or maintaining an ethical culture.

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The policy choice that represents a combination of fiscal and monetary policies designed to bring the economy out of a recession is a stimulus package. This involves a mix of government spending  and central bank interventions.

A combination of fiscal and monetary policies designed to bring the economy out of a recession typically includes expansionary fiscal policies, such as increased government spending and tax cuts, along with expansionary monetary policies, like lowering interest rates and increasing the money supply. such as interest rate cuts or quantitative easing (monetary policy) to increase aggregate demand and stimulate economic . These measures aim to stimulate economic growth and reduce unemployment during a recession.

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The journal entry to record the sale for Red Wing & Co. would be: Accounts Receivable: $150,000, Sales Revenue: $150,000
This is because Red Wing & Co. sold goods for $150,000 and accepted a note from Shoreline Inc. for the same amount, which is considered an account receivable.

The journal entry is recording the sale, which is the revenue earned by Red Wing & Co. The accounts receivable account is debited for the amount of the sale because the company is now owed $150,000 from Shoreline Inc. The sales revenue account is credited for the same amount to reflect the revenue earned by the company.
It is important to note that the cost of goods sold is ignored in this transaction as it is not relevant to the journal entry for the sale.
The 8% interest rate on the note is not considered in this journal entry as it will be recorded separately in future periods when interest payments are made.
In conclusion, the journal entry to record the sale for Red Wing & Co. is:
Accounts Receivable: $150,000
Sales Revenue: $150,000
This journal entry reflects the revenue earned by the company from the sale of goods and the account receivable created by accepting a note from Shoreline Inc.

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Eric will have approximately $48,690.64 in his retirement account when he retires. This is calculated using the formula for compound interest: FV = PV * (1 + r/n)^(n*t). Eric plans to invest $15,000 in a retirement account that compounds 4% monthly for 20 years.

To calculate the future value of Eric's retirement account, we can use the formula for compound interest:

FV = PV * (1 + r/n)^(n*t)

Where:

FV = Future value

PV = Present value (initial investment)

r = Annual interest rate (as a decimal)

n = Number of times the interest is compounded per year

t = Number of years

In this case, Eric plans to invest $15,000 in a retirement account that compounds 4% monthly, so the annual interest rate is 4% * 12 = 48%, the number of times the interest is compounded per year is 12, and the number of years until he retires is 20.

Plugging these values into the formula, we get:

FV = $15,000 * (1 + 0.48/12)^(12*20)

FV = $15,000 * (1.004)^240

FV = $15,000 * 3.246

FV = $48,690.64

Therefore, Eric will have approximately $48,690.64 in the account when he retires.

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In Colombia, it takes three workers to produce 2 pounds of coffee. in Mexico, it takes four workers to produce 1 pound of coffee. therefore: Columbia has a comparative advantage in the production of coffee.

Comparative advantage refers to a country's ability to produce a particular good or service at a lower opportunity cost than other countries.

In this case, Columbia can produce two pounds of coffee using three workers, while Mexico can produce one pound of coffee using four workers.

To determine which country has a comparative advantage, we need to compare the opportunity cost of producing one unit of the good in each country.

In Columbia, the opportunity cost of producing one pound of coffee is 1.5 workers (since it takes 3 workers to produce 2 pounds of coffee), while in Mexico the opportunity cost is 4 workers per pound.

Therefore, Columbia has a lower opportunity cost of producing coffee than Mexico, and hence has a comparative advantage in coffee production.

In summary, Columbia has a comparative advantage in the production of coffee because it can produce coffee at a lower opportunity cost (in terms of labor) than Mexico.

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Complete Question:

In Columbia, it takes three workers to produce two pounds of coffee. In Mexico, it takes four workers to produce one pound of coffee, Therefore _____.

a. Columbia has a comparative advantage in the production of coffee

b. Mexico has a comparative advantage in the production of coffee

c. in Columbia, the opportunity cost of producing one pound of coffee is two-thirds

d. Columbia has an absolute advantage in the production of coffee

In Colombia, it takes three workers to produce 2 pounds of coffee. In Mexico, it takes four workers to produce 1 pound of coffee.

Therefore, we can compare the productivity of workers in these two countries by calculating the amount of coffee produced by each worker.

Step 1: Determine the coffee production per worker in Colombia.

Since three workers produce 2 pounds of coffee, we can find the coffee production per worker by dividing the total coffee produced (2 pounds) by the number of workers (3).

Coffee production per worker in Colombia = 2 pounds / 3 workers = 2/3 pound per worker.

Step 2: Determine the coffee production per worker in Mexico.

In Mexico, four workers produce 1 pound of coffee. Similar to the previous step, divide the total coffee produced (1 pound) by the number of workers (4).

Coffee production per worker in Mexico = 1 pound / 4 workers = 1/4 pound per worker.

Step 3: Compare the coffee production per worker in Colombia and Mexico.

We now have the coffee production per worker for both countries: 2/3 pound per worker in Colombia and 1/4 pound per worker in Mexico.

Comparing these values, we can see that Colombian workers are more productive than Mexican workers in terms of coffee production.

In conclusion, it takes fewer workers to produce the same amount of coffee in Colombia compared to Mexico, making Colombian workers more productive in the coffee production process.

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Based on the mentioned informations, it will take Kelly and Deandre Browne approximately 13 months to recover the cost of refinancing.

To determine how long it will take for Kelly and Deandre Browne to recover the cost of refinancing, we need to calculate the break-even point.

The break-even point is the point in time when the savings from the reduced mortgage payment equals the cost of refinancing, including the closing costs.

Let's call the current monthly mortgage payment "P" and the new monthly mortgage payment "Q."

The reduction in the mortgage payment is given as $164 a month. Therefore, we have:

Q = P - $164

The cost of refinancing is $2,130.

To determine the break-even point, we need to calculate how many months it will take for the savings in the monthly mortgage payment to equal the cost of refinancing.

The amount of monthly savings is equal to the difference between the old and new monthly mortgage payments, or:

S = P - Q = P - (P - $164) = $164

Now we can set up an equation to solve for the break-even point, "t," in months:

$2,130 = $164 x t

Dividing both sides by $164, we get:

t = $2,130 / $164

t ≈ 13

Therefore, it will take Kelly and Deandre Browne approximately 13 months to recover the cost of refinancing.

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