The Sons of Knute had a hunting lodge up on Loon Lake which burned down last winter. They plan to rebuild it this summer and are trying to decide how large the new lodge should be. The organization has 50 members. The marginal rate of substitution of each of them between square feet of hunting lodge and money for other goods is 1.2-.0004y where y is the size of the hunting lodge in square feet. What is the ecient size for the new hunting lodge?

Answers

Answer 1

Answer:

y = 2,250 sq.ft  

Hence, 2,250 sq.ft is the efficient size for the new hunting lodge.

Note: It can vary according to the cost per sq.ft. In this problem, we have assumed it as $15.

Explanation:

Data Given:

Organization members = 50

Equation given = 1.2 - 0.0004y = for the goods and size of the lodge.

where, y is the size of the hunting lodge in sq.ft.

Required = What is the efficient size for the new hunting lodge? = So, we need to find the value of y.

Solution:

First of all, we need to assume the cost for each sq.ft required to build this hunting lodge. As we have not given the cost. If we do not put the value then we will get a general answer in terms of variables. So, it is better to assume some value.

Let's assume the value = $15 per sq.ft

And we have 50 members in the organization so, multiply it with the equation given above.

X = 50 x (1.2 - 0.0004y)

X = 60 - 0.02y

So in order to find y, we need to equate this X to our assumed value of $15.

60 - 0.02y = 15

60 - 15 = 0.02y

45 = 0.02y

y = 2,250 sq.ft  

Hence, 2,250 sq.ft is the efficient size for the new hunting lodge.

Note: It can vary according to the cost per sq.ft. In this problem, we have assumed it as $15.


Related Questions

Imagine that you work for the city of Fresno, California during the summer, and you are a union employee, just like the other 2000 employees of Fresno. As a union member you are:__________

a. the agent of your union
b. the principal of your union
c. the independent contractor of the union
d. the employee for your union
e. none of the above

Answers

Answer: b. the principal of your union

Explanation:

Union members are principals of the Union because in joining a union, they are giving the union the power to represent them in matters of labor with management.

This Power of Agency which is given to the Union therefore makes the Union the agent and the member , the Principal. The principal (member) will pay fees (union dues) to the agent for this representation as well.

if the government wants to maintain the same growth trajectory what should they do?

Answers

Answer: Government should employ a neutral policy

Explanation:

It should be noted that applying a monetary policy is typically used to raise or lower the money supply in an economy and this will in turn affect the economic growth of such economy.

Also, using a contractionary or expensionary policy also either raises or lowers economic growth depending on what yeh government wants to achieve. Therefore, in order to maintain the same growth trajectory, the government should use a neutral policy.

A single-stock futures contract on a non-dividend-paying stock with current price $250 has a maturity of 1 year. If the T-bill rate is 4%, what should the futures price be

Answers

Answer: $260

Explanation:

From the question, we are informed that a single-stock futures contract on a non-dividend-paying stock with current price $250 has a maturity of 1 year and that the T-bill rate is 4%.

The futures price would be:

= Current price (1 + 4%)^1

= $250 (1 + 0.04)

= $250 × 1.04

= $260

Parvati is a single taxpayer. Her AGI is $74,098, she does not own a home, and she contributed the following charitable donations to qualified charitable organizations:
04/01/20 $250 04/16/20 $50 05/20/20 $350
What amount can she deduct on her 2020 tax return?
a) $0
b) $650
c) $350
d) $300

Answers

Answer: $300

Explanation:

According to the Coronavirus Aid, Relief, and Economic Security (CARES Act), individual taxpayers can claim about $300 deduction in taxes as charitable donations.

Therefore, it should be noted that despite the standard deduction that Parvati has to pay, she would still have to pay $300 which would be deducted on her 2020 tax return.

what present sum would need to be put in a savings account now to provide a $1000 annual withdrawl for the next 50 years

Answers

Answer:

the present sum that required to put in a saving account is $15,761.90

Explanation:

The computation of the present sum that required to put in a saving account is as follows

The present sum is

= $1,000 × P/A(6%, 50)

= $1,000 × 15.7619

= $15,761.90

Refer to the P/A factor table

hence, the present sum that required to put in a saving account is $15,761.90

The same is to be considered

At an annual effective interest rate of 6.3%, an annuity immediate with 4N level annual payments of 1,000 has a present value of 14,113. Determine the fraction (in percentage) of the total present value represented by the first set of N payments and the third set otâ…£ payments combined.

Answers

Answer:

$8,949.22

Explanation:

PV = annual payment x PV annuity factor

PV annuity factor = 14,133 / 1,000 = 14.133

PV annuity factor = [1 - 1/(1 + 0.063)ⁿ ] / 0.063

14.133 x 0.063 = 1 - 1/(1 + 0.063)ⁿ

0.890379 = 1 - 1/(1 + 0.063)ⁿ

1/(1 + 0.063)ⁿ = 0.109621

1 / 0.109621 = 1.063ⁿ

9.12234 = 1.063ⁿ

n = log 9.12234 / log 1.063 = 0.96010624 / 0.0265333 = 36

the present value of the first 36/4 = 9 payments = $1,000 x 6.71376 (PV annuity factor, 9 periods, 6.3%) = $6,713.76

the present value of the third set of 9 payments = $6,713.76 / (1 + 6.3%)¹⁸ = $2,235.46

present value of the first and third sets = $8,949.22

Which of the following reflects the order of operations when the Fed buys bonds on the open market?a. Money supply increases, interest rates decrease, investment spending increases, AS shifts right.b. Money supply decreases, interest rates increase, investment spending decreases, AD shifts left.c. Money supply increases, interest rates increase, investment spending increases, AD shifts right.d. Money supply decreases, interest rates increase, investment spending decreases, AS shifts left.e. Money supply increases, interest rates decrease, investment spending increases, AD shifts right.

Answers

Answer:

Reflection of order of operations when the Fed buys bonds on the open market:

a. Money supply increases, interest rates decrease, investment spending increases, AS shifts right.

Explanation:

When the Federal Reserve buys bonds on the open market, the action increases the money supply in the banks.  This allows banks to increase loans, and investors will increase investments.  It also increases the price of government securities and effectively reduces their interest rates, thereby decreasing the overall interest rates while promoting investments.

Nora is completing her 2019 California tax return. She was a resident of California for all prior years and has a California capital loss carryover of $1,000. What amount should she enter on her California tax return for the California capital loss carryover

Answers

Answer: $1,000

Explanation:

If Nora had not been a resident of California in the prior years that contributed to her $1,000 capital loss carryover, she would have had to recalculate her capital loss carryover using California standards.

This is not the case however as she was a resident in California for previous years so her capital loss carryover already conforms to California standards. She can therefore enter the entire $1,000 as her capital loss carryover.

what is effect of interest charged on capital on accounting system​

Answers

The amount of interest charged on capital is an indirect expense of the business and on the other hand, it is an income of the owner. Interest on Capital has the following two effects on final accounts: It is an expense of the business, therefore; it will be recorded on the debit side of Profit and Loss Account.

Answer:

The amount of interest charged on capital is an indirect expense of the business and on the other hand, it is an income of the owner. Interest on Capital has the following two effects on final accounts: It is an expense of the business, therefore; it will be recorded on the debit side of Profit and Loss Account.

A balance sheet is a financial statement that shows _____ on a specific date. assets liabilities and owner's equity assets, liabilities, and owner's equity none of the above

Answers

Answer: the second to last option, owner's equity

Explanation:

i took the business class earlier this semester on edge :)

Answer:

Owners Equity

Explanation:

2021 EDGE :D

A positive result that stems from the use of return on investment (ROI) is that it encourages managers to focus on the efficient use of resources in generating income. operating asset efficiency. cost efficiency. the relationship among sales, expenses, and investment. All of these.

Answers

Answer:

All of these.

Explanation:

The formula to compute the return on investment is as follows:

Return on investment = Net operating income ÷ Average operating assets

Here the return on investment means it calculates the manager performance that motivates them to rise the net operating income via cost efficiency also at the same time the average operating assets could be maintained at the normal level so that the operational efficiency could be accomplished

Therefore the last option is correct

If expectations of inflation are formed rationally, the sacrifice ratio for an unexpected change in the money supply _____. Group of answer choices is the same as for an expected change in the money supply is bigger than the sacrifice ratio for an expected change in the money supply is smaller than the sacrifice ratio for an expected change in the money supply would also be unexpected

Answers

Answer:

b. is bigger than the sacrifice ratio for an expected change in the money supply

Explanation:

If expectations of inflation are formed rationally, the sacrifice ratio for an unexpected change in the money supply is bigger than the sacrifice ratio for an expected change in the money supply.

The sacrifice ratio is an economic ratio which aims to measures the effect of rise and fall of inflation on the country's total production and output. When prices fall, companies are less incentivized to produce goods and may cut back on production. If people do form their expectations rationally, then the inflation inertia will be less intense than it appeared initially. But, if unexpected change happens (i.e. like an unexpected change in the money supply), then inflation inertia will be more intense. Therefore, the change in sacrifice ratio would be bigger.

Managerial accounting is applicable to service entities. manufacturing entities. not-for-profit entities. all of these.

Answers

Answer:

all of these

Explanation:

Managerial accounting is aimed at achieving organisational goals by managers. It is the method of measuring, identifying, analysing, interpreting and communicating financial data in such a way that the manager can use for day to day decisions.

Since all the organisations: service entities, manufacturing entities, and not for.profit organisations have managers that make decisions aimed at meeting organisation goals, they all need managerial accounting

The discount rate is the: multiple choice 1 interest rate at which banks can borrow reserves from other banks. lowest interest rate that banks can charge for loans to their most creditworthy customers. lowest interest rate that banks can charge for lending reserves to other banks or financial institutions. interest rate at which banks can borrow reserves from the Federal Reserve. b. If the Fed were to decrease the discount rate, banks will borrow: multiple choice 2 fewer reserves, causing an increase in lending and the money supply. more reserves, causing an increase in lending and the money supply. more reserves, causing a decrease in lending and the money supply. fewer reserves, causing a decrease in lending and the money supply.

Answers

Answer:

a. The discount rate is the

interest rate at which banks can borrow reserves from the Federal Reserve.

The discount rate is the interest rate that the FED charges commercial banks, credit unions, or other financial institutions for lending them money.

b. If the Fed were to decrease the discount rate, banks will borrow

more reserves, causing an increase in lending and the money supply.

Lowering the discount rate is considered part of an expansionary monetary policy since banks will borrow more money and lend more money to the public, increasing the money supply.

On November 19, Nicholson Company receives a $18,600, 60-day, 10% note from a customer as payment on account. What adjusting entry should be made on the December 31 year-end

Answers

Answer and Explanation:

The adjusting entry is as follows

Interest receivable Dr ($18,600 × 10% × 42 days ÷ 360 days) $217

       To Interest revenue $217

(being the interest revenue is recorded)

Here the interest receivable is debited as it increased the assets and credited the interest revenue as it also increased the revenue

The 42 days are calculated from Nov 19 to Dec 31

Hunter is going to receive $3,000 in one year and he wants to know its equivalent value today. The process of determining the answer is called:_______

a. discounting
b. compounding
c. pricing
d. rating

Answers

Answer:

a. discounting

Explanation:

We arrive at the Present Value from Future Value through the discounting process using the the appropriate discount rate. Likewise we arrive to the Future Value by compounding the Present Value using the appropriate discount rate.

What are the two types of agencies and where do they receive their power and duties? a. International agencies receive their power directly from the president and Congress. Domestic agencies also receive delegated power and authority from the president and Congress. b. Executive agencies receive their power delegated from the executive branch (the president). Independent agencies receive their power as delegated from Congress. c. Economic agencies receive their power as delegated from the president and Congress. Independent agencies also receive their power as delegated from the president and Congress.

Answers

Answer: b. Executive agencies receive their power delegated from the executive branch (the president). Independent agencies receive their power as delegated from Congress.

Explanation:

There are two types of Administrative agencies in the United States: Executive and Independent.

Executive agencies are created by the Presidency and are therefore answerable to the president. They usually have a single leader who sits on the President's cabinet.

Independent agencies are created by an Act of Congress to manage complex areas of operation. They do not usually have a single leader but rather a board or commission with leaders that do not sit on the President's cabinet. An example is the Environmental Protection Agency(EPA).

A borrower asks the notary Signing agent for the contact information for the closing agent and the lenders representative. The notary signing agent should respond by

Answers

Answer: a. Providing the borrower with the information for both contacts.  

Explanation:

There is no legal precedent that states that the Notary should not provide the borrower with information to the closing agent and the lender's representative so in this case the Notary should provide the borrower with the information on both contacts.

give at least five
skills using shatong?​

Answers

Answer:

1) Batting

2) Couting

3) Running

4) Striking

5) Catching

Explanation:

All up there. :)

. In terms of the leadership style Taylorism is: a. People Oriented b. Task Oriented c. Neither People nor Task d. Sustainability oriented

Answers

Answer:

b. Task Oriented

Explanation:

As we know that the scientific management approach was established by FW taylor where he focused on work not the worker. Hee finds the ways for doing the work in effective and efficient way via scientific research

So in term of the leadership style, taylorism would be task oriented

Therefore the option b is correct

Alan's employer maintains a long-term disability income plan on which it pays all premiums. Last year, Alan received $40,000 in benefits under the plan during his period of disability. How much of the benefits received, if any, must Alan include in his income

Answers

Answer:

$40,000

Explanation:

If Alan had paid the disability insurance himself, then disability income would not be taxable. But since Alan's employer paid the disability insurance premiums, then any disability payments that Alan received must be included in his gross income and are taxable.

The amount of the benefit received if any must Alan include in his income should be $40,000.

The following information should be considered:

In the case when Alan had paid the disability insurance himself, then disability income would not be taxable. But since Alan's employer paid the disability insurance premiums, then any disability payments that Alan received must be included in his gross income and are taxable.

Learn more: brainly.com/question/16911495

Zhang Company reported Cost of goods sold of $835,000 and ending Inventory of $41,750. The Days' sales in inventory (rounded to whole days) is:_______

a. 7 days.
b. 418 days.
c. 56 days.
d. 18 days.
e. 20 days.

Answers

Answer:

d. 18 days.

Explanation:

The Days' sales in inventory measures the number of days taken to sell inventory in a period.

The Days' sales in inventory formula is provided below:

Days Sales of Inventory = (Ending Inventory / Cost of Goods Sold) x 365

Ending inventory=$41,750

cost of goods sold =$835,000

Days Sales of inventory=($41,750/$835,000)*365

Days Sales of inventory=18.25 (18 when rounded to whole day)

Determine the monthly mortgage payments on a $200,000 home with a 20% down payment at 4.25% interest for 30 years.

Answers

Answer:

I'm also stuck on the same question

Please help ASAP

Is an interior design company a industry business or service businesses?​

Answers

Answer:

Both

Explanation:

Interior design business combines both elements of service and product business. A majority of businesses in the interior design sector will offer their clients consulting services and also sell furniture and other products required to achieve the intended look.  Almost all the store that sells decor and other interior designs product will offer consultation services on interior design.

The interior design business is more of a practice than a theory sector. Customers want to see, feel, and experience the final product before they can commit. Most start-ups will begin by providing consulting services only. As they grow, they set up a showroom where they exhibit and sell interior design products.

You estimate that by the time you retire in 35 years, you will have accumulated savings of $2.9 million. a. If the interest rate is 8.0% and you live 15 years after retirement, what annual level of expenditure will those savings support

Answers

Answer:

$338,805.68

Explanation:

The computation of the amount of annual level of expenditure is shown below

Here we use the PMT formula

Given that

NPER = 15

RATE = 8%

FV = $0

PV = $2,900,000

The formula is shown below:

= PMT(RATE, NPER,-PV,FV,TYPE)

The present value comes in negative

After applying the above formula, the amount of annual level of expenditure is $338,805.68

Swifty Inc. and Blossom Co. have an exchange with no commercial substance. The asset given up by Swifty Inc. has a book value of $57000 and a fair value of $92000. The asset given up by Blossom Co. has a book value of $122000 and a fair value of $107000. Boot of $27000 is received by Blossom Co. What amount should Swifty Inc. record for the asset received

Answers

Answer:

$84,000

Explanation:

Calculation for What amount should Swifty Inc. record for the asset received

Using this formula

Assets received=Book value+ Boot received

Let plug in the formula

Assets received= $57,000+ $27,000

Assets received=$84,000

Therefore the amount that Swifty Inc. should record for the asset received is $84,000

If the reserve requirement is 20% and commercial bankers decide to hold additional excess reserves equal to 5% of any newly acquired checkable deposits, then the effective monetary multiplier for the banking system will be

Answers

Answer: 4

Explanation:

Based on the information provided in the question, the effective monetary multiplier for the banking system will be calculated as:

= 1/Reserve ratio

= 1 / (20 + 5%)

=1/(0.20+0.05)

= 1/0.25

= 4

Therefore, the effective monetary multiplier for the banking system is 4.

A contact center manager is looking for ways to overall cost per case.
What Salesforce metrics should the contact center manager evaluate? (Choose 2)

A. Average number of activities per case
B. Average number of articles attached to a case
C. Total number of cases by origin
D. Average customer satisfaction score by case

Answers

The correct answer is A and C

An average number of activities per case and a Total number of cases by origin  Salesforce metrics should the contact center manager evaluate. Therefore option A and C is correct.


What is the cost?

A cost is a sum of money that was used during the production or delivery of a service or item that is therefore no longer accessible for use. In the case of an asset value, the money spent on the acquisition is considered the cost. In this instance,

Money is the input used to obtain the item. This acquisition cost may include both additional transaction expenses incurred by the acquirer over and beyond the price given to the producer, as well as the manufacturing costs as borne by the original producer. Typically, there is a profit margin added to the price over the cost of manufacturing.

Cost is a measure that adds up as a result of a procedure or as a difference in the outcome of a decision, to put it more broadly in the context of economics.  Cost is hence the metric employed in the common modeling paradigm for economic processes.

To learn more about cost follow the link.

https://brainly.com/question/14094934

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Use the three Ts of fiscal policy to explain the challenges faced when using discretionary fiscal policy to counter a recession.
a) The policy must be used only for as long as needed to avoid crowding out.
b) target the specific regions and groups of workers who need help the most.
c) be implemented before economic conditions have severely worsened.
d) be implemented slowly, so that it works properly.

Answers

Answer:

The three Ts of fiscal policy used to counter a recession state that:

a) The policy must be used only for as long as needed to avoid crowding out.

b) target the specific regions and groups of workers who need help the most.

c) be implemented before economic conditions have severely worsened.

Explanation:

Keynesians who support stimulus policies argue that discretionary fiscal policies need to be “timely, targeted, and temporary” for them to be successful.  The temporary component argues that discretionary fiscal policies should not be used for too long a period to avoid crowding out the market forces.  The targeted component states that fiscal policies, which are marshaled out to counter a recession, should only provide help to those who require them most, and not to everybody, across the board.  The last component is that there should not be delays in implementing counter-recession measures because the economy will be worst off if the policies are implemented when economic conditions have become severe.

Select the statement that correctly explains the relationship between interest rates and present or future value.

a. Assuming other variables stay the same, if the interest rate increases, the present value of an investment decreases.
b. The interest rate and the present value of an investment are directly related.
c. Assuming other variables stay the same, if the interest rate increases, the future value of an investment decreases.
d. Assuming other variables stay the same, if the interest rate decreases, the present value of an investment decreases.

Answers

Answer:

a. Assuming other variables stay the same, if the interest rate increases, the present value of an investment decreases.

Explanation:

As the Interest rate increases, the Future Cash Flows have to be discounted back by large amounts of interest this gives a smaller Present Value.

Therefore,

The correct relationship is a. Assuming other variables stay the same, if the interest rate increases, the present value of an investment decreases.

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