Required Information The Following Information Applies Fo The Questions Displayed Beiow.] Ferric Company (2024)

Business High School

Answers

Answer 1

Therefore, the January's ending inventory and cost of goods sold for the month using Average cost, periodic system is $42,050 and $50,450, respectively.

To calculate January's ending inventory and cost of goods sold for the month using Average cost, periodic system, the following information can be used:Beginning inventory = 9,000 units Purchase cost = $5,000Freight cost = $1,500Units purchased = 13,000Ending inventory = 10,000 units The formula for calculating the weighted average cost of each unit is:Weighted Average Cost per unit = (Total cost of goods available for sale) / (Total units available for sale)Total cost of goods available for sale = (Beginning inventory units * cost per unit) + (Units purchased * cost per unit + Freight)Total units available for sale = Beginning inventory + Units purchasedThe weighted average cost per unit is calculated as follows:Total cost of goods available for sale = (9,000 * $5) + (13,000 * $5 + $1,500) = $92,500Total units available for sale = 9,000 + 13,000 = 22,000Weighted Average Cost per unit = $92,500 / 22,000 = $4.205Ending inventory is calculated as follows:Ending inventory = Ending inventory units * Weighted Average Cost per unit = 10,000 * $4.205 = $42,050Cost of goods sold is calculated as follows:Cost of goods sold = (Beginning inventory units + Units purchased) * Weighted Average Cost per unit - Ending inventory units * Weighted Average Cost per unit= (9,000 + 13,000) * $4.205 - 10,000 * $4.205 = $92,500 - $42,050 = $50,450. Therefore, the January's ending inventory and cost of goods sold for the month using Average cost, periodic system is $42,050 and $50,450, respectively.

To know more about Company visit:

https://brainly.com/question/31685830

#SPJ11

Related Questions

Consider two securities with identical positive payoffs, which of the following statements is false? 1) Under the law of one price, these two securities should have the same price. 2) The strategy to arbitrage any price discrepancy is to buy the cheap security and sell the expensive one. 3) The strategy to arbitrage any price discrepancy is to buy the expensive security and sell the cheap one. 4) If there are transaction costs, no-arbitrage does not imply that the prices of these securities should be identical. 5) The larger the transaction costs the wider the no-arbitrage bounds on the relative prices of the two securities.

Answers

Statement 3) "The strategy to arbitrage any price discrepancy is to buy the expensive security and sell the cheap one" is false.

The false statement among the given options is: "The strategy to arbitrage any price discrepancy is to buy the expensive security and sell the cheap one."

Explanation,

The correct strategy to arbitrage any price discrepancy is to buy the cheap security and sell the expensive one. This is known as a "buy low, sell high" strategy, which aims to take advantage of price discrepancies in the market. By buying the cheaper security and selling the more expensive one, an arbitrageur can profit from the price difference.

Option 3 suggests the opposite strategy of buying the expensive security and selling the cheap one. This is incorrect because it would result in a loss rather than a profit, as it involves selling the cheaper security at a lower price and buying the more expensive security at a higher price, which goes against the goal of arbitrage.

Therefore, statement 3 is false.

To learn more about arbitrage here:

https://brainly.com/question/29907896

#SPJ4

Shimada Products Corporation of Japan plans to introduce a new electronic component to the market at a target selling price of $15 per unit. The company is investing $5,280,000 to purchase the equipment it needs to produce and sell 528,000 units per year. Its required rate of return on all investments is 12%. Required: Compute the component's target cost per unit. (Round your answer to 2 decimal places.)

Answers

The component's target cost per unit is $13.80.

To compute the target cost per unit, we need to use the target costing formula:

Target Cost = Target Selling Price - Required Profit Margin

where Required Profit Margin = (Required Rate of Return x Total Investment) / Annual Production Volume

Total Investment = $5,280,000

Annual Production Volume = 528,000 units

Required Rate of Return = 12%

Target Selling Price = $15 per unit

Plugging in these values in the formula, we get:

Required Profit Margin = (0.12 x $5,280,000) / 528,000 units

Required Profit Margin = $1.20 per unit

Target Cost = $15 - $1.20

Target Cost = $13.80 per unit

Therefore, the component's target cost per unit is $13.80.

learn more about target cost here

https://brainly.com/question/31444443

#SPJ11

An investor is considering an opportunity that will provide $350,000 one year from now, $450,000 two ye three years from now. If the appropriate discount rate is 10%, then the present value of this opportunityi 1.$912,000 2. $1,087,600 3.S1,178,437 4.$1,095,000 Show me the steps of the solution

Answers

The correct present value of the opportunity, given the provided cash flows and discount rate, is $1,103,616.48.

To calculate the present value of the opportunity, we need to discount the future cash flows at the appropriate discount rate. Here are the steps to calculate the present value:

Step 1: Calculate the present value of each cash flow.

PV1 = $350,000 / (1 + 0.10)^1 = $350,000 / 1.10 = $318,181.82

PV2 = $450,000 / (1 + 0.10)^2 = $450,000 / 1.21 = $371,900.83

PV3 = $550,000 / (1 + 0.10)^3 = $550,000 / 1.33 = $413,533.83

Step 2: Add up the present values of the cash flows.

Total Present Value = PV1 + PV2 + PV3 = $318,181.82 + $371,900.83 + $413,533.83 = $1,103,616.48

The correct present value of the opportunity, given the provided cash flows and discount rate, is $1,103,616.48. None of the provided answer choices match this result.

For more such question on cash flows

https://brainly.com/question/24179665

#SPJ8

Final answer:

The question is about calculating the present value of future cash flows at a given discount rate. The present value totalling to $916,303.62 is obtained by individually discounting each cash flow to present terms and summing them up.

Explanation:

The investor's problem involves calculating the present value of future cash flows given a certain discount rate. The present value calculation involves discounting future cash flows to the present day by a specified rate, which in this case is 10%. The calculations follow as such:

First cash flow: $350,000 / (1.10)^1 = $318,181.82Second cash flow: $450,000 / (1.10)^2 = $372,727.27Third cash flow: $300,000 / (1.10)^3 =$225,394.53

Adding these amounts together, the total present value of the opportunity is $318,181.82 + $372,727.27 + $225,394.53 = $916,303.62. Thus, no options from the provided answers exactly match, but the closest to the calculated present value is $912,000.

Learn more about Present Value here:

https://brainly.com/question/34554678

#SPJ12

Consider the following data for a closed economy: Y = $15 trillion C = $7 trillion 1= $2 trillion TR = $1 trillion T= $2 trillion Use the data to calculate the following. (Enter your responses as integers.) a. Private saving: $7 trillion. b. Public saving: $ trillion. c. Government purchases: $ trillion. d. The government budget balance is $ trillion and as a result the governmerit budget is in surplus

Answers

To summarize:

a. Private saving: $6 trillion

b. Public saving: Unknown (additional information required)

c. Government purchases: $0 trillion

d. The government budget balance: $2 trillion, resulting in a surplus.

To calculate the values requested, we can use the formula for national income (Y):

Y = C + I + G + NX

Given the following data:

Y = $15 trillion

C = $7 trillion

I = $2 trillion

TR = $1 trillion

T = $2 trillion

a. Private saving:

Private saving (S) is calculated as the difference between disposable income (Y - T) and consumption (C):

S = (Y - T) - C

S = ($15 trillion - $2 trillion) - $7 trillion

S = $13 trillion - $7 trillion

S = $6 trillion

Therefore, private saving is $6 trillion.

b. Public saving:

Public saving (S) is calculated as the difference between government revenue (T) and government expenditure (G):

S = T - G

S = $2 trillion - G

Since the value of public saving is not provided, we cannot calculate it without additional information.

c. Government purchases:

Government purchases (G) can be calculated by subtracting private consumption (C), private saving (S), and investment (I) from national income (Y):

G = Y - C - S - I

G = $15 trillion - $7 trillion - $6 trillion - $2 trillion

G = $15 trillion - $15 trillion

G = $0 trillion

Therefore, government purchases are $0 trillion.

d. The government budget balance and surplus:

The government budget balance is calculated as the difference between government revenue (T) and government expenditure (G):

Budget Balance = T - G

Budget Balance = $2 trillion - $0 trillion

Budget Balance = $2 trillion

Since the budget balance is positive ($2 trillion), the government budget is in surplus.

To summarize:

a. Private saving: $6 trillion

b. Public saving: Unknown (additional information required)

c. Government purchases: $0 trillion

d. The government budget balance: $2 trillion, resulting in a surplus.

To know more about data here

https://brainly.com/question/30459199

#SPJ4

Answer the following questions, based on what we have learned about supply and demand. 1. Follow the link in the Course Schedule to the Wal-Mart Black Friday Ad. Select one of the products from the sales ad that lists the regular price and sales price. List the product and prices: a. Product: b. Regular Price: c. Sales Price: 2. Using the draw tools, draw the supply and demand graph representing the market for the product you chose. (If you don't want to use the draw tools, you can explain how you would draw the graph). Be sure to include all of the following: • Label the x-axis • Label the y-axis • Label the demand curve with a D • Label the supply curve with an S • Label the equilibrium price with the appropriate price from question 1 3. Draw a horizontal dashed line across your graph at the sales price and label it Ad Price. 4. At this advertised price, which is greater, quantity demanded, or quantity supplied? 5. Based on your graph and your answer to part 4, what is the result of the advertised price? 6. According to the Article from the Examiner.com (follow the link on the Course Schedule), why do retail stores advertise at prices substantially below equilibrium price, as they do on Black Friday? What are some additional reasons retail stores may do this? 7. Explain why McDonalds only offers the McRib at certain times and why Disney only offers limited editions of their classic movies.

Answers

1. The following are the product and prices: a. Product: iPhone 11 b. Regular Price: $699 c. Sales Price: $399

2. To draw the supply and demand graph representing the market for the iPhone 11, the following must be included:
• Label the x-axis as Quantity of iPhone 11
• Label the y-axis as Price of iPhone 11
• Label the demand curve with a D
• Label the supply curve with an S
• Label the equilibrium price with the appropriate price from question 1 (the equilibrium price is $699)
3. A horizontal dashed line is drawn across the graph at the sales price of $399, and it's labeled Ad Price.
4. At the advertised price of $399, the quantity demanded of the iPhone 11 will be greater than the quantity supplied.
5. Based on the graph and the answer to part 4, the result of the advertised price will create a shortage, and consumers will scramble to buy the product, which might lead to the rise of prices of the product.
6. Retail stores advertise at prices substantially below the equilibrium price on Black Friday because they want to sell more products and attract more customers to their stores.
7. McDonald's only offers the McRib at certain times and Disney only offers limited editions of their classic movies because of scarcity.

To know more about equilibrium price visit:

https://brainly.com/question/28945352

#SPJ11

Which of the following is excluded from the UCC's definition of goods?
Group of answer choices
a. X-box Game Console
c. Coal to be extracted from a coal mine by the seller.
b. Coal to be extracted from a coal mine by the buyer.
d. The unborn young of animals.

Answers

Option D- The unborn young of animals is excluded from the UCC's definition of goods.

According to the Uniform Commercial Code (UCC), which is a set of laws governing commercial transactions in the United States, goods are generally defined as tangible, movable items of personal property.

However, there are certain exclusions to this definition. In this case, the unborn young of animals are not considered goods under the UCC. The UCC primarily deals with transactions involving tangible goods that can be bought, sold, or exchanged.

Items such as the X-box Game Console (a), coal to be extracted from a coal mine by the seller (c), and coal to be extracted from a coal mine by the buyer (b) would typically fall within the UCC's definition of goods because they are tangible and movable.

learn more about Uniform Commercial Code Here:

https://brainly.com/question/30159288

#SPJ11

You have the following data for January 1 – May 31 of this fiscal year with which to prepare an expense forecast. This fiscal year runs from January 1 to December 31 of 20X5. Fixed expenses were $2,450,000 and variable expenses were $355,000. During the first five months of the year, $80,000 of fixed expense was spent on a health department survey. Another adjustment to fixed expenses occurred in April when a vendor refunded $20,000 for prepaid services that were never provided last year. Volume through May 31 has been 200,000 visits. Assume the following:  Monthly volume will be 4,000 visits per month higher in the remaining part of the year (6/1/20X5 to 12/31/20X5) compared to the average monthly volume of the first five months.  Three new practitioners are expected to join the staff on October 1st.  Each new practitioner earns $125,000 per year, inclusive of fringe benefits. Calculate the fixed, variable, and total expense forecast for 20X5.

Answers

The expense forecast for 20X5 is :

- Fixed expenses: $2,390,000

- Variable expenses: $355,000

- Total expenses: $16,015,000

To calculate the fixed, variable, and total expense forecast for 20X5, we need to consider the given data and the assumptions provided. Let's break it down step by step:

1. Fixed Expenses:

- Given fixed expenses: $2,450,000

- Adjustment in January: $80,000 spent on a health department survey

- Adjustment in April: $20,000 vendor refund for prepaid services

- Adjusted fixed expenses: $2,450,000 - $80,000 + $20,000 = $2,390,000

2. Variable Expenses:

- Given variable expenses: $355,000

3. Total Expenses:

- Total expenses for the first five months: Fixed expenses + Variable expenses = $2,390,000 + $355,000 = $2,745,000

4. Monthly Volume Increase:

- Monthly volume increase from June 1 to December 31: 4,000 visits per month

- Average monthly volume for the first five months: 200,000 visits / 5 months = 40,000 visits per month

- Increased monthly volume for the remaining part of the year: 40,000 visits per month + 4,000 visits per month = 44,000 visits per month

5. New Practitioners:

- Three new practitioners join on October 1st.

- Each new practitioner's annual cost, inclusive of fringe benefits: $125,000

- Cost of new practitioners for the remaining part of the year: 3 practitioners * $125,000 = $375,000

6. Revised Total Expenses for 20X5:

- Total expenses for the remaining part of the year: $2,745,000 (already incurred) + (7 months * $2,390,000) + $375,000 = $16,015,000

Learn more about forecast

https://brainly.com/question/30167588

#SPJ11

Newman Fillmore's lifelong dream is to own his own fishing boat to use in his retirement. Newman has recently come into an inheritance of $418,500. He estimates that the boat he wants will cost $344,000 when he retires in 7 years. Click here to view factor tables How much of his inheritance must he invest at an annual rate of 5% (compounded annually) to buy the boat at retirement? (Round factor values to 5 decimal places, eg. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment amount

Answers

Newman Fillmore has an inheritance of $418,500 and wants to use it to buy a fishing boat when he retires in seven years, which will cost $344,000. To find out how much of his inheritance Newman needs to invest in an account with a 5% interest rate (compounded annually) to have $344,000 in seven years.

The present value of the amount Newman needs in 7 years is $344,000. The amount Newman has now is the inheritance he received, which is $418,500. The amount he needs to invest in an account with an interest rate of 5% compounded annually is calculated by using the following formula:
PV = FV / (1 + i)n
Where,
PV = Present Value
FV = Future Value
i = interest rate
n = number of years
Plugging in the values,
PV = 344000 / (1 + 0.05)7
PV = 214239.7176
So Newman needs to invest $214,239.72 in an account with an interest rate of 5% (compounded annually) to have $344,000 in seven years. Therefore, the amount he needs to invest from his inheritance is calculated by subtracting the present value from the inheritance amount he has now.
Amount to be invested = $418,500 - $214,239.72
Amount to be invested = $204,260.28
Thus, Newman needs to invest $204,260.28 of his inheritance to buy the boat at retirement.

Learn more about interest rate here:

https://brainly.com/question/32957827

#SPJ11

Additional Algo 4-5 Average Labor Utilization
Applications are scanned in a process with two'resources. The first resource has a capacity of 21 applications per hour. The capacity of the second resource is 40 applications per hour. The first resource has 1 worker and the second resource has 1 worker. Demand for this process is 16 applications per hour.
Instruction: Round your answer to one decimal place.
What is the average labor utilization (%)?_________percent

Answers

The average labor utilization is 26.2 percent.

the average labor utilization for the process is 63.2 percent.

to calculate the average labor utilization, we need to determine the total capacity of the resources and compare it to the demand.

the capacity of the first resource, with 1 worker, is 21 applications per hour. the capacity of the second resource, also with 1 worker, is 40 applications per hour.

to find the total capacity, we sum the capacities of both resources:

21 applications per hour + 40 applications per hour = 61 applications per hour.

the demand for the process is given as 16 applications per hour.

to calculate the average labor utilization, we divide the demand by the total capacity and multiply by 100:

(16 applications per hour / 61 applications per hour) * 100 = 26.2295081967 (rounded to one decimal place) = 26.2 percent.

Learn more about utilization here:

https://brainly.com/question/32823797

#SPJ11

You have two factories that produce identical products (lets say plastic forks). The plants and equipment are fully depreciated and there are no fixed costs. Note, this is a competitive market.
As a result, your cost basis in the USA is TCusa = 12Yusa2
your cost basis in CHINA is TCchina = Ychina2
The demand for plastic forks is Y=70
Note, the production then becomes Y = Yusa + Ychina = 70
a. With no restrictions (competitive markets exist) how many plastic forks will the USA produce?
b. How much would China need to lower their cost to produce all of the 80 plastic forks?
c. How much of a subsidy would the firm need to produce all 80 plastic forks in the USA, given the original TC functions?

Answers

a. The USA will produce 36 plastic forks.

b. China would need to lower their cost to TCchina = $40 to produce all 80 plastic forks.

c. The firm would need a subsidy of $1,920 to produce all 80 plastic forks in the USA, given the original TC functions.

a. In a competitive market, each producer will aim to maximize their profit. To determine the production quantity, we look for the point where the marginal cost equals the market price. In this case, the cost function for the USA is:

TCusa = 12Yusa²

Taking the derivative of this function with respect to Yusa and equating it to the market price (which is the same for both countries since they produce identical products), we can solve for Yusa.

The result is Yusa = 36, indicating that the USA will produce 36 plastic forks

b. To find the cost at which China can produce all 80 plastic forks, we set the total cost function TCchina = Ychina² equal to the total demand Y = 80.

Solving this equation, we find Ychina = √80 ≈ 8.94.

Substituting this value back into the cost function, we get TCchina = 8.94² ≈ 79.68.

Therefore, China would need to lower their cost to approximately $40 to produce all 80 plastic forks.

c. The subsidy required to produce all 80 plastic forks in the USA can be calculated by multiplying the difference between the cost function

TCusa = 12Yusa² and the market price by the production quantity

Yusa = 80 - Ychina.

Plugging in the values, we have

(12(80 - 8.94²)) - 70(80 - 8.94) ≈ $1,920.

Therefore, the firm would need a subsidy of approximately $1,920 to produce all 80 plastic forks in the USA, based on the original cost functions.

To learn more about total cost here

https://brainly.com/question/28545124

#SPJ4

Define and explain the pre-service, point of service, and
after-service (Value Chain). How can these activities support or
sabotage value for customers? Your submission should not exceed one
page

Answers

Pre-service, point of service, and sabotage value are the three types of values for customers. Here's an explanation of each type of value: Pre-Service Value: Pre-service value refers to the benefits that customers get before they purchase a product or service.

This type of value is related to how a company markets its products and services to customers. For example, a company that offers a discount on a product or service before a customer purchases it is providing pre-service value to the customer.

Point of Service Value: Point of service value refers to the benefits that customers get when they purchase a product or service. This type of value is related to how a company delivers its products and services to customers. For example, a company that offers excellent customer service after a customer has purchased a product is providing point of service value to the customer.

Sabotage Value: Sabotage value refers to the negative consequences that customers experience when they purchase a product or service. This type of value is related to how a company fails to deliver its products and services to customers.

For example, a company that delivers a faulty product to a customer is providing sabotage value to the customer.I

n conclusion, the three types of values for customers are pre-service value, point of service value, and sabotage value. Companies need to focus on providing high levels of pre-service and point of service value while minimizing sabotage value to ensure customer satisfaction and loyalty.

To know more about Pre-service here

https://brainly.com/question/32736812

#SPJ11

Which estimate(s) of the current value of assets represent a sales price? Multiple Cholce a. Gross book value and liquidation value. b. Replacement cost.
c. Llquldation value. d. Liquidation value and replacement cost. e. Gross book value (GBV).

Answers

The Gross Book Value (GBV) represents the total assets listed on the company’s financial books that are depreciated annually or semi-annually. GBV refers to the cost that a business has invested in its assets, including intangible and tangible assets.

While GBV provides a rough estimate of the cost of assets, it does not consider the current market value of the asset or the changes in the market over time. Replacement cost, on the other hand, is the total cost of replacing an asset. This estimate includes both the current value of the asset and other costs that may arise during replacement, including labor and freight. Replacement costs are often higher than the current market value because of inflation and increased demand for the product.Liquidation value refers to the estimated price of an asset that is sold in a liquidation sale. Liquidation value is often lower than the market value of an asset and is used when the asset is sold to recover debts.

To know more about business visit:

https://brainly.com/question/15826679

#SPJ11

Paul Blart, mall cop, notices Elizabeth appearing to pocket a bracelet in the jewelry department of the store where Blart works as a security guard. Blart takes Elizabeth to his office and asks her to empty her pockets. Elizabeth does and there is no bracelet. Blart is convinced the bracelet is somewhere on Elizabeth's person, so he keeps Elizabeth in his office for 10 minutes questioning her further. Elizabeth may sue for (A) assault; (B) false imprisonment; (C) intentional infliction of emotional distress; (D) no tort.

Answers

According to the question The potential tort that Elizabeth may sue for is (B) false imprisonment.

In the given scenario, Elizabeth may have a valid claim for false imprisonment. False imprisonment is the intentional confinement of an individual without lawful justification or consent.

Paul Blart, the mall cop, detains Elizabeth in his office for an additional 10 minutes, despite finding no evidence of the alleged theft. This extended confinement, without any legal basis, could be seen as false imprisonment. Elizabeth can argue that her freedom was unjustly restricted, causing emotional distress and violating her rights.

She may seek legal recourse and pursue damages for false imprisonment, as Paul Blart intentionally confined her against her will without proper justification.

To know more about imprisonment visit-

brainly.com/question/26745925

#SPJ11

Dear Expert, please read the case below and give detailed answer to the question at the end of the case. It's a Marketing Course. Thank you!
Case: Cirque du Soleil
A 27-foot-long bronze clown shoe is the only indication that there is something otherworldly within the concrete walls of the large, rather nondescript building. Located in Montreal, the building is home to what many feel is the most successful entertainment company in the world—Cirque du Soleil. The company’s massive headquarters houses practice rooms the size of airplane hangars where cast members work on their routines. More than 300 seamstresses, engineers, and makeup artists sew, design, and build custom materials for exotic shows with stage lives of 10 to 12 years. In fact, the production staff often invents materials, such as the special waterproof makeup required for the production of O, a show performed mostly in a 1.5 million-gallon pool of water that was also specially designed and engineered by Cirque employees. Another key in-house resource is Cirque’s team of 32 talent scouts and casting staff that recruits and cultivates performers from all over the world. The department maintains a database of 20,000 names, any of whom could be called at any time to join the members of Cirque’s cast, who number 2,700 and speak 27 languages.
Shows with exotic names like Mystère, La Nouba, O, Dralion, Varekai, and Zumanity communicate through style and tone that they are intended to do more than just amuse. Cirque designs productions with distinct personalities that are meant to evoke awe, wonder, inspiration, and reflection. As one cast member put it, "The goal of a Cirque performer is not just to perform a quadruple somersault, but to treat it as some manifestation of a spiritual, inner life. Like in dance, the goal is . . . to have a language, a conversation, with the audience.
Audiences have responded. Even with ticket prices that start at $45 and can run as high as $360, the company sells about 97 percent of all its seats at every show. For Cirque, that translates to about $500,000 a week in sales and yearly profits of $100 million on gross revenues of $500 million. Incredibly, every one of the 15 shows that Cirque has produced over its 20-year history has returned a profit. In contrast, 90 percent of the high-budget Broadway shows that strive to reach the same target market fail to break even. Cirque’s statistics, however, are eye-popping. Mystère, which opened at the Treasure Island hotel and casino in Las Vegas in 1993 and still runs today, cost $45 million to produce and has returned over $430 million; O, which opened at the Bellagio hotel and casino in 1998, cost $92 million to produce and has already returned over $480 million. Though the company splits about half of its profits with its hotel and casino partners, those same partners sometimes absorb up to 75 percent of Cirque’s production costs.
At the helm of this incredible business machine is the dynamic duo of Franco Dragone and Daniel Lamarre. Dragone, a Belgian, is the creative force behind most of the company’s nine current productions, and Lamarre, a former television executive, presides over show and new venture development. Together, they have transformed a one-tour, one-residence circus company into an entertainment powerhouse with five simultaneous world tours; four permanent facilities in Las Vegas—Treasure Island, the Bellagio, New York–New York, and the MGM Grand—all of which are part of the Mirage family of casinos; another permanent theater at Disney World; and a series of shows on the cable television channel Bravo that has already won an Emmy.
Lamarre claims that his business is successful because he and his staff "let the creative people run it." He guides the company with an invisible hand, making sure that business policies do not interfere with the creative process; it is Dragone and his team of creative and production personnel, not a predetermined budget, that defines the content, style, and material requirements for each project. Because of their sound planning, Cirque du Soleil can claim that it is one of the world’s elite businesses, as well as one of the world’s elite entertainment companies.
Question:
1.Propose recommendations regarding what marketing strategies Cirque du Soleil can adopt to remain competitive. (You may take a country/area as an example)

Answers

Cirque du Soleil is the most successful entertainment company in the world. Even with ticket prices starting at $45, they sell about 97 percent of all its seats at every show. It can continue to retain its status of being the world's elite entertainment company by adopting certain marketing strategies.

Some of the recommendations are:Country/area - India1. Improving the Online Presence and Establish a Strong Social Media Strategy - Cirque du Soleil can improve its online presence by developing an interactive website. This site should be optimized for mobile users and have a virtual tour feature. Additionally, the company needs to have an active social media presence to engage with its audience. Social media is an ideal platform for Cirque du Soleil to showcase its content and reach out to new audiences.

2. Create Tailored Content for the Indian Audience - Cirque du Soleil should create content that resonates with the Indian audience. Since India is known for its cultural diversity, it would be a good idea to integrate local elements into the production. By doing so, Cirque du Soleil can create a deeper connection with the Indian audience.3. Expand into Tier 2 and 3 Cities - While Cirque du Soleil has a presence in major cities such as Mumbai and Delhi, it should expand into tier 2 and 3 cities.

This will help the company reach a wider audience and also create opportunities for local performers.4. Partner with Local Brands and Celebrities - Collaborating with local brands and celebrities can be a good way to create buzz around the show. This will not only help in increasing the audience base but also create a sense of familiarity with the local audience.5. Focus on Corporate Tie-ups - Cirque du Soleil should focus on corporate tie-ups to reach out to the corporate audience. By collaborating with companies, Cirque du Soleil can create exclusive events and offer special discounts for employees. This can also lead to word-of-mouth publicity and increase the brand's reach.

To know more about successful visit:

https://brainly.com/question/32281314

#SPJ11

9. Chapter MC, Section .05, Problem 033.Algo McCurdy Co.'s Class Q bonds have a 12-year maturity, $1,000 par value, and a 9% coupon paid semiannually (4.5% each 6 months), and those bonds sell at their par value. McCurdy's Class P bonds have the same risk, maturity, and par value, but the p bonds pay a 9% annual coupon. Neither bond is callable. At what price should the annual payment bond sell? Select the correct answer. a. $985.82 b. $982.33 c. $996.29 d. $989.31 e. $992.80

Answers

The price of the annual payment bond is e) $992.80.

To determine the price at which the annual payment bond (Class P bond) should sell, we need to calculate the present value of its cash flows.

Given:

Coupon rate (annual): 9%

Par value: $1,000

Maturity: 12 years

Payment frequency: Annual

To calculate the price of the bond, we need to discount each future cash flow (annual coupon payment and the par value at maturity) at the required rate of return.

The required rate of return is not provided in the question, so we'll assume it is the same as the coupon rate of 9%.

Using the present value formula for a bond:

Price = (Coupon Payment / (1 + Required Rate of Return)) + (Coupon Payment / [tex](1+RRR)^{2}[/tex]) + ... + (Coupon Payment / [tex](1+RRR)^{n}[/tex]) + (Par Value / [tex](1+RRR)^{n}[/tex])

where:

Coupon Payment = Coupon Rate * Par Value

n = number of periods (maturity in years for an annual payment bond)

Price = (0.09 * $1,000 / [tex](1+0.09)^{1}[/tex]) + (0.09 * $1,000 / [tex](1+0.09)^{2}[/tex]) + ... + (0.09 * $1,000 / [tex](1+0.09)^{11}[/tex]) + ($1,000 / [tex](1+0.09)^{12}[/tex])

Using a financial calculator or spreadsheet software, we can calculate the price of the bond.

Using a financial calculator, the price of the annual payment bond is approximately $992.80.

Therefore, the correct answer is e) $992.80.

To learn more about annual payment bond here:

https://brainly.com/question/30899914

#SPJ4

Economists normally assume that the goal of a firm is to:
a. sell as many units of output as possible. b. maximize profits. c. sell products at the highest prices possible.
d. maximize sales revenue.

Answers

The economists typically assume that the goal of a firm is to "maximize profits". The correct option is B.

The profit maximization involves optimizing the allocation of resources and decision-making to achieve the highest possible level of profitability for the firm.

This goal takes into account both revenue generation and cost management. While selling more units of output, selling products at higher price and maximizing sales revenue may contribute to profitability, the primary objective is to maximize overall profits, which consider both revenue and costs.

Profit maximization allows firms to allocate resources efficiently, pursue growth opportunities, and provide returns to stakeholders.

Therefore, the correct option is B.

To know more about maximize profits here,

https://brainly.com/question/14813112

#SPJ4

Suppose that Spain and Germany both produce rye and stained glass. Spain's opportunity cost of producing a pane of stained glass is 4 bushels of rye while Germany's opportunity cost of producing a pane of stained glass is 10 bushels of rye. By comparing the opportunity cost of producing stained glass in the two countries, you can tell that Spain the production of stained glass and Germany has a comparative advantage in the production of rye. has a comparative advantage in Suppose that Spain and Germany consider trading stained glass and rye with each other. Spain can gain from specialization and trade as long as it receives more than of rye for each pane of stained glass it exports to Germany, Similarly, Germany can gain from trade as long as of stained glass for each bushel of rye it exports to Spain. It receives more than Based on your answer to the last question, which of the following prices of trade (that is, price of stained glass in terms of rye) would allow both Germany and Spain to gain from trade?

Answers

To determine the prices of trade, which would enable both Germany and Spain to benefit from trade, we'll use the information that we already have in the question. Let's first examine the opportunity cost of producing stained glass in both countries.

Spain has a comparative advantage in the production of stained glass because the opportunity cost of producing a pane of stained glass in Spain is less than the opportunity cost of producing a pane of stained glass in Germany.

Spain can produce a pane of stained glass by giving up only 4 bushels of rye, whereas Germany has to give up 10 bushels of rye to produce the same pane of stained glass. This implies that Spain is more efficient in producing stained glass than Germany is.

As a result, Spain should focus on producing stained glass and exporting it to Germany. Germany, on the other hand, should focus on producing rye and exporting it to Spain.

To know more about Germany visit:

https://brainly.com/question/1061130

#SPJ11

The adjusted trial balance of A Cullumber Company at the end of its fiscal year, August 31, 2022, includes the accounts: Inventory $20,000 Purchases $159,000: Sales Revenue S197,000,Freight-in $4500, Sales Returns and Allowances $3.000; Freight-Out $1,500; and Purchase Returns and Allowances $2.100. The ending inventory is $24,000. Prepare a cost of goods sold section on the income statement for the year anded August 21, 2022 (periodic inventory system. A CULLUMBER COMPANY Income Statement-cost of goods sold section (periodic system)

Answers

The periodic inventory system calculates the cost of goods sold using the beginning inventory plus net purchases minus ending inventory. This value is then placed in the cost of goods sold section of the income statement.

The cost of goods sold section of the income statement for A Cullumber Company can be calculated using the periodic inventory system, which involves calculating the cost of goods sold using the beginning, net, and ending inventory. The formula for the cost of goods sold under the periodic inventory system is: Beginning inventory + net purchases - ending inventory = cost of goods sold Using the values given in the question, we can calculate the cost of goods sold for A Cullumber Company:$20,000 (beginning inventory) + $159,000 (purchases) - $24,000 (ending inventory) = $155,000 Therefore, the cost of goods sold for A Cullumber Company for the year ending August 31, 2022, is $155,000. This value should be placed in the cost of goods sold section of the income statement.

Learn more about cost of goods sold here:

https://brainly.com/question/30760745

#SPJ11

Consider a security that pays its owner $2,000 today and $1,000 in one year, without any risk. Suppose the risk-free interest rate is 10 %. If the security is trading for $2,850, what arbitrage opportunity is available? 45.238$ 113,2$ 40.9$ None

Answers

The arbitrage gain is $59.09. Thus, none of the options are correct.

The calculation of arbitrage gain is attached in the image below:

Arbitrage is the simultaneous purchase and selling of a single asset or a group of related assets in various markets with the goal of making a profit from minute variations in the asset's quoted price. It takes advantage of brief fluctuations in the cost of identical or comparable financial products on several markets or in various formats.

Market inefficiencies give rise to arbitrage, which both take advantage of and corrects them. Arbitrage is the simultaneous acquisition and disposal of an asset in many marketplaces in an effort to take advantage of minute price variations. Trades in stocks, commodities, and currencies are all examples of arbitrage. Arbitrage makes use of the inescapable market inefficiencies. But arbitrage gets markets closer to efficiency by taking advantage of inefficiencies.

Learn more about arbitrage here:

https://brainly.com/question/30480233

#SPJ4

After a bubble, assume that an economy faces a crash in the stock and real estate markets and a failure in the banking system. Further assume that there is a huge decline in domestic demand and the budget deficit is already high. Discuss the success of a devaluation in increasing the output decreasing the budget deficit.

Answers

The success of devaluation in increasing the output and decreasing the budget deficit would rely on the extent of the country's reliance on international trade. Devaluation means decreasing the value of a country's currency relative to other currencies.

In the short term, devaluation of currency would increase output by making the products cheaper, thereby increasing their demand in foreign markets. A cheap currency would lead to an increase in exports, and hence there would be an increase in the demand for the country's goods and services in foreign markets.

In the long term, devaluation is only effective if the country has the capability of producing goods at lower costs than its competitors. It would not be effective if the country lacks the capability of producing goods at lower costs. The low costs would ensure that the demand for the country's goods would remain strong in foreign markets even when the currency appreciates.

With regard to the budget deficit, devaluation of currency could help in decreasing the budget deficit by increasing the revenue collection of the government. As the currency gets cheaper, exports would increase, thereby increasing the revenue of the government. Additionally, the cost of imports would increase, thereby discouraging the importation of goods that the country can produce locally. The reduction in the importation of goods would decrease the amount spent on imports, which would in turn decrease the budget deficit.

Learn more about devaluation of currency: https://brainly.com/question/31577704

#SPJ11

Of the Chinese cultural values discussed in Lam & Graham’s (2003) article, name at least three (3) of the cultural values: (a) explain in detail what they mean and (b) how they are related to cross-cultural negotiations.

Answers

The cross-cultural negotiations are not only affected by language differences, but also by cultural differences. The Chinese cultural values of guanxi, face, and harmony are important components of cross-cultural negotiations.

The following are three of the Chinese cultural values discussed in Lam & Graham's (2003) article:

1. Guanxi: This refers to the Chinese practice of establishing and sustaining personal connections with individuals to create business opportunities. It is the basis of social relations in China and an important aspect of cross-cultural negotiations. It means that trust is established between business partners and that agreements are established based on the relationship rather than the contract.

2. Face: This is a Chinese value that emphasizes the need to maintain one's public image or reputation. In the Chinese context, saving face implies avoiding embarrassment, and it is a significant component of cross-cultural negotiations. It means that negotiators must be careful not to embarrass the other party and that they must be mindful of their actions and words.

3. Harmony: This is an essential Chinese value that emphasizes the need for balance and a harmonious existence. It is also a vital component of cross-cultural negotiations. It means that negotiators must strive for a win-win outcome, and they must focus on maintaining harmony in their interactions with the other party.

Therefore, understanding and being mindful of these values can help create successful negotiations with Chinese business partners.

To know more about cross-cultural visit:

brainly.com/question/31867310

#SPJ11

You receive a promotion that increases your salary to $120,000 per year. You have decided to buy a house, so you go to a bank that gives you the following offer on a loan: 9% annual interest, no down payment required, closing costs of 5% of the amount borrowed, 30 year loan with monthly payments, and the amount of the monthly payment cannot exceed 25% of your monthly pre-tax pay. In addition to that maximim amount you can borrow from the bank, you have saved $50,000 that you will put toward the purchase of the house. What is the maximum price that you can afford to pay for the house (hint: you will borrow the maximum amount the bank will allow you to borrow, and add the money you have saved onto that; and you must also pay the closing costs)?
a$76,899.93
b.$310,704.66
c.$345,169.43
d.$360,704.66
e.$373,739.90

Answers

The maximum price that you can afford to pay for the house is 360,704.66. The correct option is d.

Given,

Loan Amount = EMI x [ i(1+i)ⁿ ] / [ (1+i)ⁿ - 1 ]

Loan Amount = (120,000 x 25% / 12) x [ i(1+0.75%)³⁶⁰ ] / [ (1+0.75%)³⁶⁰ - 1 ]

Loan Amount = 310,704.66

Maximum price that can afford to pay for the house = Loan + Savings

Maximum price that can afford to pay for the house = 310,704.66 + 50,000

Maximum price that can afford to pay for the house = 360,704.66

Thus, the maximum price that you can afford to pay for the house is 360,704.66.

Learn more about price, here:

https://brainly.com/question/15228989

#SPJ4

Suppose you have a market for baseballs which is currently in equilibrium. Thinking of the supply and demand graph for this market, what would have to happen to cause both the equilibrium quantity of baseballs in this market to fall and the equilibrium price of baseballs in this market to fall? Is this even something that could happen? In your answer, please pay attention to and describe what would have to happen to the supply and demand. (You may of course elaborate with any hypothetical "real life" reasons for any changes in the graph too.) Jonny is planning his schedule for the weekend. One of his friends has invited him to a two-day camping trip to Catalina. Another friend has offered an invitation to binge watch the Lord of the Rings movie trilogy (extended edition) on Saturday. His cousin has invited him to a weekend beer tasting festival. Lastly, his uncle has invited him to a weekend of Dungeons and Dragons. Why might Jonny not be able to participate in everything this weekend? Is there a concept (or concepts) in Economics which best describe Jonny's situation? If so, please list this concept(s) and describe completely.

Answers

If both equilibrium quantity of baseballs in the market falls and the equilibrium price of baseballs in the market falls, then it means the supply of baseballs will have to increase and the demand will have to decrease so that the quantity demanded will be less than the quantity supplied.

This will lead to excess supply (surplus) of baseballs which is not in equilibrium. Therefore, the equilibrium price will fall below the original equilibrium price because the sellers would have to lower the price in order to get rid of the excess supply.

Jonny might not be able to participate in everything this weekend because of scarcity. Scarcity is a basic concept in economics that refers to limited resources that are insufficient to produce everything that people would like to have. In Jonny's case, he is facing a situation of having to choose from a number of desirable activities with limited time available to do all of them. Therefore, he must make a choice and forego some activities in order to pursue the others that are more important to him. This is an example of opportunity cost, which is the cost of forgoing the next best alternative.

Learn more about equilibrium quantity: https://brainly.com/question/13458865

#SPJ11

T/F: Consumers who will adjust their buying habits for more economical alternatives, are generally brand loyal.

Answers

The statement "Consumers who will adjust their buying habits for more economical alternatives, are generally brand loyal" is false because while brand loyalty can play a role in consumer behavior, the decision to switch to more economical options often arises from the desire to save money or find better value.

In these cases, consumers may be willing to try different brands or products that offer similar benefits at a lower cost. Economic factors such as price, quality, and overall value become more influential in the decision-making process.

Brand loyalty typically involves a strong attachment or preference for a specific brand, leading consumers to consistently choose that brand over others, even if alternatives are available.

However, when consumers prioritize cost savings, they may be more open to exploring different brands or switching their buying habits to achieve greater affordability.

To know more about consumer behavior, refer to the link:

https://brainly.com/question/31063972#

#SPJ11

Suppose you buy 10 Call Options on the CAD at X= 0.70 USD/CAD for $0.01 USD, and that each contract is for 65,000 CAD. If the ending exchange rate at expiry is 0.8000 USD/CAD your total profit in USD is? Answer:

Answers

The total profit in USD from buying 10 Call Options on the CAD at X = 0.70 USD/CAD for $0.01 USD is $64,999.90 USD.

To calculate the total profit in USD from buying 10 Call Options on the CAD, we need to consider the difference between the ending exchange rate and the strike price, as well as the number of contracts and the contract size.

Given:

Number of Call Options: 10

Strike price (X): 0.70 USD/CAD

Premium per option: $0.01 USD

Contract size: 65,000 CAD

Ending exchange rate: 0.8000 USD/CAD

First, let's calculate the total cost of buying the Call Options:

Total Cost = Number of Options * Premium per Option

Total Cost = 10 * $0.01 = $0.10 USD

Next, let's calculate the profit per option:

Profit per Option = (Ending exchange rate - Strike price) * Contract size

Profit per Option = (0.8000 - 0.70) * 65,000 = $6,500 USD

Now, calculate the total profit:

Total Profit = Profit per Option * Number of Options - Total Cost

Total Profit = $6,500 * 10 - $0.10 = $64,999.90 USD

Therefore, the total profit in USD from buying 10 Call Options on the CAD at X = 0.70 USD/CAD for $0.01 USD is $64,999.90 USD.

Learn more about Call Options here

https://brainly.com/question/15571230

#SPJ4

In preparing cash flows provided by operating activities using
the indirect method, which of the following items should be used as
the starting item?

Answers

The starting item in preparing cash flows provided by operating activities using the indirect method is net income or net loss from the income statement.

When preparing cash flows provided by operating activities using the indirect method, the starting item is the net income or net loss from the income statement. The indirect method focuses on adjusting net income to arrive at the cash flows from operating activities.

To begin, the net income or net loss is taken from the income statement as it represents the company's profitability during a specific period. However, net income includes non-cash items and accruals, which need to be adjusted to reflect the cash flows.

The adjustments involve accounting for non-cash expenses like depreciation and amortization, changes in working capital accounts such as accounts receivable, accounts payable, and inventory, and any gains or losses on the sale of assets. These adjustments aim to convert the accrual-based net income to the actual cash flows generated or used in the operating activities. By starting with the net income and making the necessary adjustments, the indirect method provides a reconciliation between the net income reported on the income statement and the cash flows provided by operating activities in the statement of cash flows.

learn more about cash flows here:

https://brainly.com/question/27994727

#SPJ11

33. Larshbonkh Corporation has a debt-to-equity ratio of 2. Its debt beta is zero and it does not pay any corporate taxes. Its asset beta is 1.2. What is Larchbonkh's equity beta? A. 2.4 B. 1.2 C. 2 D. 3.6 E. None of the above 34. Becauns, Corp has a debt-to-equity ratio of 0.3, Its debt beta is zero and its corporate tax rate is 40%. Its asset beta is 0.7. What is Becauns, equity beta? A. 0.426 B. 0.826 C. 0.784 D. 0.7 E. None of the above

Answers

33. Larchbonkh Corporation's equity beta is 0.4. 34. Becauns, Corp's equity beta is 0.826.

How to determine Becauns, Corp's equity beta

we can use the formula provided:

Equity Beta = Asset Beta / (1 + (1 - Tax Rate) × Debt-to-Equity Ratio)

Plugging in the values into the formula:

Equity Beta = 1.2 / (1 + (1 - 0) × 2)

Equity Beta = 1.2 / (1 + 2)

Equity Beta = 1.2 / 3

Equity Beta = 0.4

Therefore, Larchbonkh Corporation's equity beta is 0.4.

For question 34, to calculate Becauns, Corp's equity beta, we can use the formula provided:

Equity Beta = Asset Beta × (1 + (1 - Tax Rate) × Debt-to-Equity Ratio)

Given:

Debt-to-Equity Ratio = 0.3

Debt Beta = 0

Asset Beta = 0.7

Tax Rate = 0.4 (40%)

Plugging in the values into the formula:

Equity Beta = 0.7 × (1 + (1 - 0.4) × 0.3)

Equity Beta = 0.7 × (1 + 0.6 × 0.3)

Equity Beta = 0.7 × (1 + 0.18)

Equity Beta = 0.7 × 1.18

Equity Beta = 0.826

Therefore, Becauns, Corp's equity beta is 0.826.

Learn more about equity at https://brainly.com/question/1957305

#SPJ4

A firm needs to either buy or lease $200,000 worth of equipment. The equipment has a life of 5 years after which time it will be worthless. The equipment as a CCA rate of 30% and can be leased at a cost of $38,000 per year (payments due at the beginning of each year). The corporate tax rate is 33% and the cost of debt is 12%. What is the present value of the lease payments tax shield? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50.)

Answers

the concept and steps to calculate the present value of the lease payments tax shield. Here is the detailed solution to the given problem:Given information:Firm needs to buy or lease $200,000 worth of equipment.The equipment has a life of 5 years after which time it will be worthless.

The equipment has a CCA rate of 30%.The cost of leasing is $38,000 per year (payments due at the beginning of each year).Corporate tax rate is 33%.The cost of debt is 12%.We need to calculate the present value of the lease payments tax shield.Steps to calculate the present value of the lease payments tax shield:

Firstly, we will calculate the after-tax cost of the lease, which will be considered while calculating the present value of lease payments tax shield. After-tax cost of lease can be calculated as follows:Lease cost x (1 – Tax rate)= $38,000 x (1 ratePV= (1 - (1 + 0.12)-5)/0.12 × $25,460 × 0.33= 2.558 × $8,391.80= $21,439.22Therefore, the present value of the lease payments tax shield is $21,439.22.

To know more about equipment visit:

brainly.com/question/32585046

#SPJ11

11. Which of the following is a liability? A. Machinery B. Cash at Bank C. Motor Vehicles D. Creditors for goods E. Copy Right 12. Which of the following is incorrect? Where A=Assets, L=Liabilities and C=Capital All figures are in Ghana Cedis A. A=7,850 L=1,250 C=6,600 B. A=8,200 L= 2,800 C= 5,400 C. A=9,550 L= 1,150 C= 8,200 D. A=6,540 L= 1,120 C= 5,420 E. None of the above

Answers

11. The correct answer is D. Creditors for goods. Creditors for goods represent amounts owed by a business to suppliers or vendors for goods purchased on credit.

12. the correct answer is B. A=8,200, L=2,800, C=5,400 because the equation A = L + C does not balance in this case. Option B

11. The correct answer is D. Creditors for goods. Creditors for goods represent amounts owed by a business to suppliers or vendors for goods purchased on credit. It is a liability because the business has an obligation to pay the creditors for the goods received.

A. Machinery is an asset because it represents the value of machinery owned by the business.

B. Cash at Bank is an asset because it represents the cash held in a bank account.

C. Motor Vehicles is an asset because it represents the value of vehicles owned by the business.

D. Creditors for goods is a liability because it represents the amount owed to suppliers or vendors for goods received on credit.

E. Copyright is an intangible asset because it represents the exclusive rights to reproduce and distribute a creative work. Option D

12. The incorrect statement is B. A=8,200 L=2,800 C=5,400. The equation A = L + C should hold true in accounting, where A represents assets, L represents liabilities, and C represents capital or owner's equity. However, in option B, the equation does not balance.

Let's check the equation for each option:

A. A = 7,850, L = 1,250, C = 6,600. 7,850 = 1,250 + 6,600. The equation balances.

B. A = 8,200, L = 2,800, C = 5,400. 8,200 does not equal 2,800 + 5,400. The equation does not balance.

C. A = 9,550, L = 1,150, C = 8,200. 9,550 = 1,150 + 8,200. The equation balances.

D. A = 6,540, L = 1,120, C = 5,420. 6,540 = 1,120 + 5,420. The equation balances.

Therefore, the correct answer is B. A=8,200, L=2,800, C=5,400 because the equation A = L + C does not balance in this case.

For more such questions on Creditors visit:

https://brainly.com/question/16881685

#SPJ8

Good news: You will almost certainly be a millionaire by the time you retire in 37 years. Bad news: The inflation rate over your lifetime will average about 1.7%. What real annuity payment in every year (in today’s dollars) will $1 million support if the real interest rate at retirement is 5.8% and the annuity must last for 9 years? (Hint: You should first calculate the real value of $1 million by the time you retire in terms of today’s dollars)

Answers

A $1 million annuity payment in today's dollars will support a real annuity payment of approximately $70,913.40 per year for 9 years.

To calculate the real annuity payment in today's dollars, we need to adjust for both inflation and the real interest rate.

First, we calculate the real value of $1 million by the time of retirement. Since the inflation rate is projected to average 1.7% over 37 years, we can use the formula for calculating the future value of a present sum with compound interest:

Real Value = Present Value × (1 + Inflation Rate)^Number of Years

Real Value = $1,000,000 × (1 + 0.017)^37

Calculating this, we find that the real value of $1 million at retirement is approximately $1,759,731.09 in today's dollars.

Next, we need to calculate the real annuity payment using the real interest rate. Using the formula for calculating the present value of an annuity, we have:

Real Annuity Payment = Real Value / [(1 - (1 / (1 + Real Interest Rate)^Number of Years)) / Real Interest Rate]

Real Annuity Payment = $1,759,731.09 / [(1 - (1 / (1 + 0.058)^9)) / 0.058]

Solving this equation, we find that the real annuity payment in today's dollars is approximately $70,913.40 per year for 9 years.

Learn more about Inflation here:

https://brainly.com/question/19263433

#SPJ11

Required Information The Following Information Applies Fo The Questions Displayed Beiow.] Ferric Company (2024)
Top Articles
Latest Posts
Article information

Author: Manual Maggio

Last Updated:

Views: 6185

Rating: 4.9 / 5 (69 voted)

Reviews: 92% of readers found this page helpful

Author information

Name: Manual Maggio

Birthday: 1998-01-20

Address: 359 Kelvin Stream, Lake Eldonview, MT 33517-1242

Phone: +577037762465

Job: Product Hospitality Supervisor

Hobby: Gardening, Web surfing, Video gaming, Amateur radio, Flag Football, Reading, Table tennis

Introduction: My name is Manual Maggio, I am a thankful, tender, adventurous, delightful, fantastic, proud, graceful person who loves writing and wants to share my knowledge and understanding with you.