In 2009, Corny Company grows and sells $2 million worth of corn to Tasty Cereal Company, which makes corn flakes. Tasty Cereal Company produces $6 million worth of corn flakes in 2009, with sales to households during the year of $4.5 million. The unsold $1.5 million worth of corn flakes remains in Tasty Cereal Company's inventory at the end of 2009. The transactions just described contribute how much to GDP for 2009? Select one: O a. $6 million O b. $4.5 million Oc. $6.5 million O d. $8 million
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- A poker company assembles three different poker sets. Each Royal Flush poker set contains 1000 poker chips, 10 decks of cards, 4 dice, and 2 dealer buttons. ← Each Deluxe Diamond poker set contains 600 poker chips, 5 decks of cards, 2 dice, and one dealer button. The Full House poker set contains 300 poker chips, 5 decks of cards, 2 dice, and one dealer button. The company has 2,700,000 poker chips, 25,000 decks of cards, 10,000 dice, and 7000 dealer buttons in stock They earn a profit of $38 for each Royal Flush poker set, $22 for each Deluxe Diamond poker set, and $12 for each Full House poker set. Complete parts (a) and (b) below CIE (a) How many of each type of poker set should they assemble to maximize profit? What is the maximum profit? Begin by finding the objective function. Let x, be the number of Royal Flush poker sets, let x, be the number of Deluxe Diamond poker sets, and let x, be the number of Full House poker sets What is the objective function? (Do not include the $…Sean lives in San Diego and runs a business that sells pianos. In an average year, he receives $724,000 in revenue from selling pianos. Of this sales revenue, he must pay the manufacturer a wholesale cost of $424,000; he also pays wages and utility bills totaling $266,000. He owns his showroom; if he chooses to rent it out, he will receive $4,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Sean does not operate this piano business, he can work as a paralegal and receive an annual salary of $21,000 with no additional monetary costs. No other costs are incurred in running this piano business. Identify each of Sean's costs in the following table as either an implicit cost or an explicit cost of selling pianos. Implicit Cost Explicit Cost The wages and utility bills that Sean pays The rental income Sean could receive if he chose to rent out his showroom The salary Sean could earn if he worked as a paralegal The wholesale cost for the…Time left 1:11:57 In 2009, Corny Company grows and sells $2, million worth of corn to Tasty Cereal Company, which makes corn flakes. Tasty Cereal Company produces $6 million worth of corn flakes in 2009, with sales to households during the year of $4.5 million. The unsold $1.5 million worth of corn flakes remains in Tasty Cereal Company's inventory at the end of 2009. The transactions just described contribute how much to GDP for 20097 Select one: $6 million Ob. $8 million $6.5 million d. $45 mition. Next page us page Rour on this page O Type here to search |道
- Firm XYZ sells calculators. It operates in a plant worth $1,000,000 and maintains production equipment worth $5,000,000. Currently, it has 175,000 calculators in reserved inventory that it plans to sell next month to retail stores for $70 each. Its board of directors has $1.62 million in government bonds and $115,000 in savings for use as payroll and emergency funds. In addition, XYZ employs several workers whose collective worth in terms of skill and knowledge is equal to $275,000. The capital stock of firm XYZ is S. (Enter your response rounded to the nearest dollar.)Hubert lives in Denver and runs a business that sells boats. In an average year, he receives $842,000 from selling boats. Of this sales revenue, he must pay the manufacturer a wholesale cost of $452,000; he also pays wages and utility bills totaling $301,000. He owns his showroom; if he chooses to rent it out, he will receive $38,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Hubert does not operate this boat business, he can work as an accountant and receive an annual salary of $48,000 with no additional monetary costs. No other costs are incurred in running this boat business. Identify each of Hubert's costs in the following table as either an implicit cost or an explicit cost of selling boats. Implicit Cost Explicit Cost The wholesale cost for the boats that Hubert pays the manufacturer The salary Hubert could earn if he worked as an accountant The wages and utility bills that Hubert pays The rental income Hubert could…Bob lives in Toronto and runs a business that sells guitars. In an average year, he receives $701,000 from selling guitars. Of this sales revenue, he must pay the manufacturer a wholesale cost of $420,000; he also pays wages and utility bills totalling $247,000. He owns his show room; if he chooses to rent it out, he will receive $9,000 in rent per year. Assume that the value of this show room does not depreciate over the year. Also, if Bob does not operate this guitar business, he can work as a financial advisor, receive an annual salary of $32,000 with no additional monetary costs, and rent out his show room at the $9,000 per year rate. No other costs are incurred in running this guitar business.
- 1)Use the following information to answer the question(s) below. Rearden Metals is considering opening a strip mining operation to provide some of the raw materials needed in producing Rearden metal. The initial purchase of the land and the associated costs of opening up mining operations will cost $100 million today. The mine is expected to generate $16 million worth of ore per year for the next 12 years. At the end of the 12th year Rearden will need to spend $20 million to restore the land to its original pristine nature appearance.The payback period for Rearden's mining operation is closest to: 2) Which of the following statements is false/true? If you believe that it is incorrect explain with its reasons. A-Future dividend payments and stock prices are not known with certainty; rather these values are based on the investor’s expectations at the time the stock is purchased. T/F…………………………………………………………………………………………………………………………………………………………………………… B-The capital gain…Tanim quits his engineering job, where he was earning a salary of $70,000 per year, to start his own computer software business. He owns a building and was renting out for $20,000 per year. Tanim hires a new building for his company and pays a non-refundable advance fee of $10,000 today. Later on, after a few days, he decides to go back to his own building and for that he cancels his contract with his tenant. Find the sunk cost associated with Tanim's computer software business. There is no sunk cost It is $20,000 It is $10,000 It is $30,000 Which one is correct?Antonio lives in Denver and runs a business that sells boats. In an average year, he receives $842,000 from selling boats. Of this sales revenue, he must pay the manufacturer a wholesale cost of $452,000; he also pays wages and utility bills totaling $301,000. He owns his showroom; if he chooses to rent it out, he will receive $38,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Antonio does not operate this boat business, he can work as an accountant, receive an annual salary of $48,000 with no additional monetary costs, and rent out his showroom at the $38,000 per year rate. No other costs are incurred in running this boat business. Identify each of Antonio's costs in the following table as either an implicit cost or an explicit cost of selling boats. Implicit Cost Explicit Cost The wholesale cost for the boats that Antonio pays the manufacturer The wages and utility bills that Antonio pays The rental income Antonio could…
- Felix lives in San Francisco and runs a business that sells pianos. In an average year, he receives $711,000 from selling pianos. Of this sales revenue, he must pay the manufacturer a wholesale cost of $411,000; he also pays wages and utility bills totaling $279,000. He owns his showroom; if he chooses to rent it out, he will receive $1,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Felix does not operate this piano business, he can work as a financial advisor and receive an annual salary of $31,000 with no additional monetary costs. No other costs are incurred in running this piano business. Identify each of Felix's costs in the following table as either an implicit cost or an explicit cost of selling pianos. Implicit Cost Explicit Cost The salary Felix could earn if he worked as a financial advisor The wages and utility bills that Felix pays The rental income Felix could receive if he chose to rent out his showroom The…Exercise 4 (Basic Net Present Value Analysis) On January 2, Pebbles Cruz paid P18,000 for 900 ordinary shares of Rainbow Company. Ms. Cruz received an P0.80 per share dividend on the shares at the end of each year for four years. At the end of four years, she sold the share for P22,500. Ms. Cruz has a goal of earning a minimum return of 12% on all of her investments. Required: (Ignore income taxes.) Did Ms. Cruz earn a 12% return on the share? Use he net present value method and the general format. Round all computations t the nearest whole peso.Paolo lives in New York City and runs a business that sells boats. In an average year, he receives $723,000 in revenue from selling boats. Of this sales revenue, he must pay the manufacturer a wholesale cost of $423.000; he also pays wages and utility bills totaling $267.000. He owns his showroom; if he chooses to rent it out, he will receive $2.000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Paolo does not operate this boat business, he can work as a financial advisor and receive an annual salary of $20,000 with no additional monetary costs. No other costs are incurred in running this boat business. Identify each of Paolo's costs in the following table as either an implicit cost or an explicit cost of selling boats. Implicit Cost Explicit Cost The rental income Paolo could receive if he chose to rent out his showroom The wholesale cost for the boats that Paolo pays the manufacturer The salary Paolo could earn if he worked as a…