Maximum increase in the money supply = (1 + 0.10) x 192 x 4Maximum increase in the money supply = 1.10 x 192 x 4Maximum increase in the money supply = $844.80
The Federal Reserve purchases of $48 million in treasury securities will boost the economy by injecting the same amount of money into the banking system.
The maximum increase in the money supply is determined by the deposit multiplier formula which is given by 1/RRR, where RRR is the required reserve ratio. Given that RRR is 25%, the deposit multiplier is 1/0.25 = 4. With the assumption that banks hold excess reserves of 10%, the formula becomes:
Maximum increase in the money supply = (1 + ER) x reserves x deposit multiplier where ER is the excess reserve ratio and in this case, it is 10%. Reserves are determined by the deposit multiplier,
Therefore: Reserves = 48 x deposit multiplier Reserves = 48 x 4Reserves = $192 million, million Rounding this value to two decimal places gives the maximum increase in the money supply as $844.80 million or $844.80 million.
Learn more about Federal Reserve here,
https://brainly.com/question/14700070
#SPJ11
TB MC Qu. 01-58 If inflation is increasing at... If inflation is increasing at 14.4 percent per year, and your salary increases at the same rate, how long will it take your salary to double? Note: Round up your answer to the next whole number. Multiple Choice 7 years 5 years 3 years ✔
If inflation is increasing at 14.4 percent per year and your salary increases at the same rate, you can use the rule of 72 to determine how long it will take for your salary to double.
The rule of 72 states that you can approximate the number of years it takes for an investment (or in this case, your salary) to double by dividing 72 by the annual growth rate.
In this case, the annual growth rate is 14.4 percent. Using the rule of 72:
Number of years to double = 72 / Annual growth rate
Number of years to double = 72 / 14.4
Number of years to double = 5
Therefore, it will take approximately 5 years for your salary to double if inflation and your salary both increase at a rate of 14.4 percent per year.
To know more about rate visit-
brainly.com/question/13981340
#SPJ11
FILL THE BLANK. "27 Specialty stores carry ___ but not ___.
Group of answer choices
depth; breadth
goods; services
variety; customization
services; goods"
"27 Specialty stores carry goods but not services."
Specialty stores are known for their focus on specific types of products or categories. In this case, the sentence indicates that these specialty stores carry goods, which refers to tangible products that can be bought and sold. However, they do not offer services, which are non-material activities provided to fulfill specific needs or desires of customers.
The statement highlights the distinction between goods and services and implies that specialty stores specialize in offering a specific range of products but do not provide services. This differentiation allows customers to find a concentrated selection of goods within their area of interest or expertise.
To know more about goods , visit :
https://brainly.com/question/29426090
#SPJ11
Under President Nicolas Maduro, Venezuela has suffered from severe hyperinflation. For example, the Caracas, Venezuela Stock Market (IBCV) rose roughly 600% in 2017, which sounds amazing! However, there is one severe problem- this was due to inflation and 'money printing' by the Venezuelan government. In fact, the World Bank estimates inflation in Venezuela in 2017 was 43,000%. Assume both the above figures are accurate and that a Venezuelan citizen invested one Bolivar (one Venezuelan dollar) into the Caracas (IBCV) Stock Market on Jan 1, 2017. What was this 1 bolivar investment into the Venezuelan stock market worth as of the end of 2017 in real terms (after adjusting for inflation)? (Hint: To solve, solve for the present value of a lump- sum received in 1-yr, using the 600% rate of growth in the market as the investment's growth rate or rate of return over the period, and then use the inflation rate as the discount rate). (a) Around .982 bolivar (b) Around .256 bolivar
(c) Around .086 bolivar (d) Around .016 bolivar (e) Around .00031 bolivar
The 1 bolivar investment into the Venezuelan stock market at the end of 2017, adjusted for inflation, would be worth around 4.895 bolivars. The correct closest option is a.
To calculate the real value of the 1 bolivar investment in the Venezuelan stock market at the end of 2017, we need to adjust for the inflation rate.
First, let's calculate the nominal value of the investment after the 600% rate of growth in the market. To do this, we can use the formula for compound interest:
Nominal Value = Initial Investment * (1 + Growth Rate)
Nominal Value = 1 bolivar * (1 + 600%) = 1 bolivar * 7 = 7 bolivars
Now, let's adjust this nominal value for inflation using the discount rate of 43,000%. To find the real value, we need to discount the nominal value using the following formula:
Real Value = Nominal Value / (1 + Inflation Rate)
Real Value = 7 bolivars / (1 + 43,000%) = 7 bolivars / (1 + 0.43) = 7 bolivars / 1.43
Real Value ≈ 4.895 bolivars
Therefore, the 1 bolivar investment into the Venezuelan stock market at the end of 2017, adjusted for inflation, would be worth around 4.895 bolivars.
Since none of the answer choices exactly match the calculated value, the closest option is (a) Around 0.982 bolivar.
To know more about compound interest, refer to the link below:
https://brainly.com/question/14295570#
#SPJ11
Equity comprises of 70% of total capital (Total Capital = D+E). The firm does not have preferred stock. The firm’s bonds yield 9% before taxes. Tax rate is 40%. Next time period dividend is forecasted at $ 0.80 per share and is expected to grow at a constant rate of 9% per year for a considerable period. Current stock price is $25. Find the WACC.
2. Fama’s Llamas has a WACC of 11.20%. Cost of equity is 15%, cost of debt is 8%, tax rate is 35%: Find the Debt-Equity ratio for Fama’s Llamas.
The dividend discount model (DDM), also known as the Gordon growth model or the constant growth model, is a technique for calculating a stock's intrinsic value based on anticipated future payments. It makes the supposition that dividend growth will continue unabatedly.
Growth rate = 9% Current market price of stock = $ 25 The price of stock is also known as P0. Using the constant growth model for dividend discounting:
$$P_0 = \frac{D_1}{(k_E - g)}$$ Where,
D1 = next year's dividend = D0 * (1+g) = $0.80*(1+9%) = $0.872kE = cost of equity g = growth rate= 0.15 = $ 0.872 / (kE - 0.09)kE - 0.09 = 0.872 / 0.15kE = 0.15 + (0.872 / 0.15) = 0.15 + 5.81 = 5.96% Cost of equity is 5.96%.Calculation of cost of debt:
Given, Bonds yield = 9%Tax rate = 40%After tax cost of debt = Yield * (1-Tax rate)= 0.09*(1-0.4) = 0.054 = 5.4% Calculation of Weighted Average Cost of Capital:
Given, Total capital (D+E) = 100% Equity (E) = 70% Debt (D) = 30% Cost of equity = 5.96%
Cost of debt = 5.4%Tax rate = 40%WACC = (E/100)*kE + (D/100)*kD*(1-tax rate)
WACC = (70/100)*5.96% + (30/100)*5.4%*(1-40%) WACC = 4.172%+1.944% WACC = 6.116%
Therefore, the WACC for the given company is 6.116%.
2. Calculation of Debt-Equity Ratio:
We know that Weighted Average Cost of Capital (WACC) = (E/100)*kE + (D/100)*kD*(1-tax rate) Where, E = Equity D = Debtk E = Cost of equity kD = Cost of debt= 11.20% kE = 15% kD = 8%
Tax rate = 35%D/(D+E) = D/V and E/(D+E) = E/V, where V = D + ED/(D+E) = 1 - E/(D+E)
Now,Substitute the given values:11.20% = (E/100)*15% + (D/100)*8%*(1-35%)11.20% = 0.15E + 0.052D0.052D = 11.20% - 0.15E ...........(1)Also,D/E = D/(D+E) * (1/E/D) => D/E = (0.052D/0.15E)*(1/E/D)D/E = 0.347...........(2)
Solving equations (1) and (2):0.052D = 11.20% - 0.15E0.15E = 11.20% - 0.052DD/E = (0.052D/0.15E) = (11.20%-0.052D)/0.15E0.15E2 = 11.20% * 0.15E - 0.052D0.0225E2 + 0.052D - 1.68 = 0
Using the quadratic formula we get:
$$E = \frac{0.181}{0.045} = 4.02$$ Now, we can calculate D/E ratio:
D/E = 0.052D/0.15ED/E = 0.052D/0.15(4.02)D/E = 0.347.
Therefore, the Debt-Equity ratio for Fama’s Llamas is 0.347.
To know more about the Constant Growth Model visit:
https://brainly.com/question/15567560
#SPJ11
Blue Corporation acquires a coal mine at a cost of $488,000. Intangible development costs total $122,000. After extraction has occurred, Blue must restore the property (estimated fair value of the obligation is $97,600), after which it can be sold for $195,200. Blue estimates that 4,880 tons of coal can be extracted.
If 854 tons are extracted the first year, prepare the journal entry to record depletion. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation Debit Credit
enter an account title enter a debit amount enter a credit amount
enter an account title enter a debit amount enter a credit amount
The journal entry to record depletion for Blue Corporation after extracting 854 tons of coal in the first year would be as follows:
Depletion Expense $488,000
Accumulated Depletion $4,880
In the journal entry, Depletion Expense is debited with the amount of depletion cost incurred, and Accumulated Depletion is credited with the same amount.
Depletion is an accounting method used to allocate the cost of natural resources, such as coal, over the period in which they are extracted and used. The depletion expense represents the portion of the cost of the coal mine that is expensed based on the amount of coal extracted. Accumulated Depletion is a contra-asset account that tracks the total amount of depletion incurred over time.
To calculate the depletion expense, the cost of the coal mine ($488,000) is divided by the estimated total tons of coal that can be extracted (4,880 tons). This gives us a depletion cost per ton. Multiplying this cost per ton by the tons of coal extracted (854 tons) gives us the depletion expense for the first year.
By recording the depletion expense, Blue Corporation recognizes the reduction in the value of the coal mine as a result of the extraction of coal.
Learn more about Corporation here:
https://brainly.com/question/29098875
#SPJ11
You are in charge of a project at the local community center. The center needs to remodel one of the rooms in time for the start of a new program. Delays in the project mean that the center must rent other space at a nearby church at additional cost. Time and cost data for your project are contained in the table below. Your interest is in minimizing the cost of the project to the community center. Activity Normal Cost (S) Crash Time (days) Crash Cost (5) Immediate Predecessorfs) (days) START 50 40 70 20 30 80 50 60 290 360 460 110 30 410 140 100 START START A, C A, C 10 E,F G.H FINISH
To minimize the cost of the project for the community center, the critical path needs to be determined and activities with the highest crash cost should be considered for crashing.
By analyzing the time and cost data in the table, the critical path can be identified as follows: START - A - E - G - H - FINISH. The total duration on the critical path is 140 days. To minimize costs, activities on the critical path with the highest crash cost should be considered for crashing. In this case, activity G has the highest crash cost of 460. By crashing activity G, the project duration can be reduced from 140 to 110 days, resulting in cost savings for the community center.
To minimize the cost of the project for the community center, focus on crashing activity G, which has the highest crash cost. By reducing the project duration from 140 to 110 days, the community center can save costs associated with renting additional space at the nearby church due to project delays.
To know more about community center click here:
https://brainly.com/question/29897836
#SPJ11
u₁(x11, X12) = x11×12, W₁ = (10,0); u₂(x21,×₂2) = X21+x22, W₂ = (5,10) Individual 1's consumption in a Pareto efficient allocation with u₁=100: (A) (10,0) (B) (15,100/15)
(C) (10,10) (D) (12,25/3)
In a Pareto efficient allocation with utility function u₁(x11, x12) = x11 × 12 and initial endowment W₁ = (10, 0), the individual's consumption is determined. The correct answer is (D) (12, 25/3).
To find the individual's consumption in a Pareto efficient allocation, we need to compare the utility levels of each option to the desired utility level of 100. The utility function for individual 1 is u₁(x11, x12) = x11 × 12.
Let's evaluate the utility level for each option:
(A) u₁(10, 0) = 10 × 12 = 120
(B) u₁(15, 100/15) = 15 × (100/15) = 100
(C) u₁(10, 10) = 10 × 12 = 120
(D) u₁(12, 25/3) = 12 × (25/3) = 100
Among the options provided, options (B) and (D) have a utility level of 100, which matches the desired utility level. However, option (B) has a higher consumption level of (15, 100/15) compared to option (D) with a consumption level of (12, 25/3). Thus, the correct answer is (D) (12, 25/3), as it represents an allocation that is Pareto efficient and achieves the desired utility level of 100.
To learn more about Pareto efficient allocation, click here: brainly.com/question/32535497
#SPJ11
Nightwish Corporation shows the following information on its 2021 income statement: Sales $251,000; Costs $156,000; Other expenses = $7,900; Depreciation expense = $18,400; Interest expense = $14,400; Taxes = $19,005; Dividends = $11,500. In addition, you're told that the firm issued $5,900 in new equity during 2021 and redeemed $4,400 in outstanding long-term debt. a. What is the 2021 operating cash flow? (Do not round intermediate calculations.) b. What is the 2021 cash flow to creditors? (Do not round intermediate calculations.) c. What is the 2021 cash flow to stockholders? (Do not round intermediate calculations.)
d. If net fixed assets increased by $25,000 during the year, what was the addition to NWC? (Do not round intermediate calculations.)
The operating cash flow of Nightwish Corporation for 2021 is $108,400. This is calculated by adding the net income, depreciation expense, interest expense, and taxes. The net income is obtained by subtracting costs, other expenses, taxes, and dividends from the sales revenue.
The depreciation expense and interest expense are added as non-cash expenses, while taxes represent the tax obligations of the company. The operating cash flow reflects the cash generated from the core operations of the business and is an important indicator of its financial health. Therefore, the 2021 operating cash flow for Nightwish Corporation is $108,400.
Learn more about cash flow here : brainly.com/question/27994727
#SPJ11
marketing strategy ...... 1000 words
URGENTLLLYYYYY
Discuss various pricing strategies in Marketing and evaluate which pricing strategies may be adopted to achieve various pricing objectives. Illustrate your answer with examples.
The pricing strategy is the decision of a company to set the price of its product or service. It is a crucial part of the marketing mix and a fundamental driver of profits. The pricing strategy may be aimed at increasing sales, increasing profits, or entering a new market. The objective of pricing is to generate revenue for the company.
There are various pricing strategies that a company can use to achieve pricing objectives. Cost-plus pricing: It is a pricing strategy where the company adds a markup to the cost of production of a product to set the price. The markup can be a percentage of the cost or a fixed amount. This pricing strategy is common in the manufacturing sector.Skimming pricing: It is a pricing strategy where the company sets a high price for its product or service initially and then gradually reduces the price. This pricing strategy is used by companies that offer innovative products. Penetration pricing: It is a pricing strategy where the company sets a low price for its product or service initially to enter a new market. This pricing strategy is used by companies that are looking to capture market share.Psychological pricing: It is a pricing strategy that takes advantage of the consumer's perception of the price. This pricing strategy is used to make the price of a product or service more attractive to consumers.Premium pricing: It is a pricing strategy where the company sets a high price for its product or service to convey a sense of quality. This pricing strategy is used by luxury brands.. Promotional pricing: It is a pricing strategy where the company sets a low price for its product or service for a limited time to increase sales. This pricing strategy is used during festive seasons.
In conclusion, companies adopt different pricing strategies to achieve different pricing objectives. Each pricing strategy has its advantages and disadvantages. The main answer to which pricing strategy to adopt depends on the company's pricing objective, competition, consumer behavior, and the product's life cycle. Therefore, companies need to evaluate each pricing strategy before deciding which one to adopt. For example, a company that wants to enter a new market with an innovative product may use skimming pricing. Apple used skimming pricing for the iPhone when it was first launched. The company set a high price for the iPhone initially and then gradually reduced the price as the product became more mainstream. On the other hand, a company that wants to capture market share may use penetration pricing. For instance, Xiaomi used penetration pricing when it entered the Indian smartphone market. The company offered smartphones at a low price initially to capture market share.
To know more about new market visit:
https://brainly.com/question/28455548
#SPJ11
In a small open economy, a decrease in the money supply produces a ___ shift in aggregate demand curve if the exchange rate is ___ than if it is ___
Select one:
a. larger / flexible / fixed b. larger / fixed / flexible. c. smaller /fixed / flexible d. zero / fixed / flexible
e. Both A and C are correct.
The answer is a. larger / flexible / fixed. A decrease in the money supply will lead to a decrease in aggregate demand. This is because a decrease in the money supply will lead to an increase in interest rates, which will discourage investment and consumption.
In a small open economy, the exchange rate is flexible, which means that it can change in response to changes in the demand for and supply of foreign currency. If the exchange rate is flexible, then a decrease in the money supply will lead to a depreciation of the domestic currency. This depreciation will make exports cheaper and imports more expensive, which will boost exports and reduce imports. This will offset some of the negative effects of the decrease in aggregate demand, and will lead to a smaller decrease in output.
If the exchange rate is fixed, then the depreciation of the domestic currency cannot occur. This means that the decrease in aggregate demand will not be offset by an increase in exports and a decrease in imports. This will lead to a larger decrease in output.
To know more about small open economy, click here:-
https://brainly.com/question/32170818
#SPJ11
Monica invested an amount of $10,000 in a mutual fund. After 4 years and 9 months the accumulated value of his investment was $11,850.64. What is the monthly compounded nominal interest rate of the investment?
The monthly compounded nominal interest rate of the investment is approximately 0.0196, or 1.96%.
To find the monthly compounded nominal interest rate, we can use the formula for compound interest:
A = P(1 + r/n)^(nt)
A = Accumulated value
P = Principal (initial investment)
r = Nominal interest rate
P = $10,000
A = $11,850.64
t = 4 years and 9 months, which is approximately 4.75 years
solve for r.
Substituting the given values into the formula, we have:
$11,850.64 = $10,000(1 + r/12)^(12*4.75)
Dividing both sides of the equation by $10,000:
1.185064 = (1 + r/12)^(12*4.75)
Taking the natural logarithm (ln) of both sides:
ln(1.185064) = ln[(1 + r/12)^(12*4.75)]
Using logarithmic properties, simplify the equation:
ln(1.185064) = (12*4.75)ln(1 + r/12)
solve for r by isolating it:
ln(1 + r/12) = ln(1.185064) / (12*4.75)
Dividing both sides by 12:
r/12 = [ln(1.185064) / (12*4.75)]
Multiplying both sides by 12:
r = 12 * [ln(1.185064) / (12*4.75)]
Calculating the value on the right side of the equation:
r ≈ 12 * [0.019626 / (12*4.75)]
r ≈ 0.019626
Learn more about compound interest here:
https://brainly.com/question/14295570
#SPJ11
Sokolov Office Decor produces commercial office furnishing for educational institutions, hospitals, and offices. The company uses a job costing system to record its costs. A recent order for 2,500 sections of wall units had the following costs per unit:
Direct materials $300
Direct labour $200
Manufacturing overhead allocated $100
$600
Refer to the original data. Inspectors at the company rejected 200 of the 2,500 wall units due to dents and scratches. The wall units were sold to a local contractor at a discount for $40,000. The contractor used the units to furnish a building. Assume this rejection rate is considered normal.
Prepare the journal entry and calculate the unit cost if the rejection is attributable to this particular job. Cost per unit - $634.78
Prepare the journal entry and calculate the unit cost if the rejection is common to all jobs.
As a result, the unit cost would be $623.53 if the rejection is universal to all jobs and $634.78 if it is specific to this particular project. Journal entry is the record of a business transaction in the general ledger.
A journal entry consists of the accounts affected, the debited account, the credited account, the date of the transaction, a description of the transaction, and the amounts debited and credited. Journal entries are usually made to record transactions and to adjust accounting records.
In the case of Sokolov Office Decor, the entry to be prepared if the rejection is attributable to this particular job is:
Inventory - Wall Units (2,500 units x $634.78) = $1,586,950
Credit Direct Materials = $750,000
Credit Direct Labor = $500,000
Credit Manufacturing Overhead = $250,000
(To record the total cost of the order. The cost of rejected units is included in the calculation because it is attributable to this job.)
If the 200 units were not rejected, the journal entry would have been:
Inventory - Wall Units (2,500 units x $600) = $1,500,000
Credit Direct Materials = $750,000Credit Direct Labor = $500,000
Credit Manufacturing Overhead = $250,000
(To record the total cost of the order.)
If the rejection is common to all jobs, the journal entry to be prepared is:
Cost of Goods Sold = $40,000
Credit Inventory - Wall Units = $40,000(To record the sale of the rejected units)
The unit cost of this particular job would be calculated as follows:
Cost of the order - Cost of rejected units / Number of good units produced
(1,500,000 - 40,000) / 2,300 = $630.43
The unit cost of all jobs would be calculated as follows:
Total cost of goods produced / Total number of good units produced
($1,500,000 - $40,000) / (2,500 - 200) = $623.53
Therefore, if the rejection is common to all jobs, the unit cost would be $623.53, and if the rejection is attributable to this particular job, the unit cost would be $634.78.
Learn more about business transaction: https://brainly.com/question/31803823
#SPJ11
Sullivan Company uses 240,000 of units of product per year. The ordering cost of the product is $55 per order and the carrying cost is $3 per unit per year. Given that the company orders 15,000 units per order. What is the annual ordering cost?
a. $48
b. $880
c. $412,500
d. $825,000
The annual ordering cost for Sullivan Company is $880.
To calculate the annual ordering cost, we need to determine the number of orders placed per year. Given that the company uses 240,000 units of the product per year and orders 15,000 units per order, we can divide the total units used by the units ordered per order:
240,000 units / 15,000 units per order = 16 orders per year.
Now, we can calculate the annual ordering cost by multiplying the number of orders by the ordering cost per order:
16 orders * $55 per order = $880.
Therefore, the annual ordering cost for Sullivan Company is $880.
In conclusion, the annual ordering cost for Sullivan Company is $880, as calculated by multiplying the number of orders per year by the ordering cost per order.
To learn more about Ordering cost, visit:
https://brainly.com/question/29664722
#SPJ11
Using his TightWad(R) database, Stu's MileageMiser has developed a new GPS based service to certify drivers for insurance discounts. He tracks their speeds, locations, and braking activity and delivers reports to insurance companies. January 1, 2009 he had 5,300 paying customers. Of that group, a year later, 3,200 were still customers. He spent $15,900 on programs designed to keep current customers happy and $35,000 on marketing to acquire new customers. His total number of customers on January 1, 2010 was 7,500. His revenue per customer is $31 per year and variable costs before marketing per customer are $8 per year. How many new customers did Stu acquire in 2009?
Stu acquired 4,300 new customers in 2009.
Hiow to get the customersGiven information:
January 1, 2009, paying customers: 5,300
January 1, 2010, paying customers: 7,500
Customers still with Stu after a year (January 1, 2009, to January 1, 2010): 3,200
Revenue per customer: $31 per year
Variable costs per customer (before marketing): $8 per year
To calculate the net increase in customers, we can subtract the number of customers remaining after a year from the total number of customers on January 1, 2010:
Net increase in customers = Total customers on January 1, 2010 - Customers still with Stu after a year
Net increase in customers = 7,500 - 3,200
Net increase in customers = 4,300
Therefore, Stu acquired 4,300 new customers in 2009.
Read mofe on database here:https://brainly.com/question/518894
#SPJ4
How will scientific research output respond to a policy-induced increase in its demand? Today's knowledge-based globalized economies rely heavily on scientific research output to ensure continuing high productivity growth. Seeking to promote growth in their domestic economies, governments around the world subsidize scientific research in many different ways. One way to increase scientific research would be to implement policies designed to increase demand for scientific research - for example, by paying a subsidy to purchasers. Such an increase in demand would be expected to lead to an increase in quantity supplied of scientific research and its market price. But how successful would such a policy be? Would the price rise caused by an increase in demand be associated with a relatively large or relatively small increase in scientific research output? In other words, is the elasticity supply of scientific research high or low? Some clues to the answer to this question can be found in the estimate, contained in a US study, that a 100 percent increase in the number of research scientists would give little more than a 50 percent increase in research output. Further increases in the number of scientists would increase output by an even smaller proportion. The fundamental argument is that the best research scientists are already in the industry - any increase in the number of scientists would involve employment of researchers with lower skills than those already employed. Using the above clues and assuming that the wage rate paid to all research scientists is the same, answer the following questions: i. If, as the demand for scientific research output increases, the companies and institutes undertaking this research respond to this increase in demand by employing more researchers, is the supply of research output likely to be elastic or inelastic? Explain ii. As output increases further, does supply elasticity become smaller or larger? iii. Is the elasticity of supply of scientific research output likely to increase over a six month period? Over a 10-year period? Explain
i. If the companies and institutes undertaking scientific research respond to an increase in demand by employing more researchers, the supply of research output is likely to be elastic. This means that the quantity supplied of scientific research output will be responsive to changes in demand.
The clue provided in the question suggests that a 100 percent increase in the number of research scientists leads to only a 50 percent increase in research output. This indicates diminishing returns to labor in scientific research. Hiring additional researchers with lower skills than those already employed implies that the productivity of these new researchers may be lower. Therefore, the increase in research output would be relatively smaller compared to the increase in the number of researchers.
ii. As output increases further, the supply elasticity of scientific research output is likely to become smaller. This is because, as more researchers are hired, the pool of available skilled researchers diminishes. The new researchers being employed may have lower skills and productivity compared to the initial researchers. This leads to diminishing returns to labor, resulting in a smaller increase in research output for each additional researcher employed. As a result, the supply becomes less responsive to changes in demand, indicating a decrease in supply elasticity.
iii. The elasticity of supply of scientific research output is unlikely to increase over a six-month period or even a 10-year period. The reason is that the best research scientists are already in the industry, as mentioned in the question. Any increase in the number of scientists would involve employing researchers with lower skills. This implies that the pool of highly skilled researchers available for hiring is limited, and there may be a scarcity of such researchers in the market. Therefore, the supply of scientific research output is unlikely to become more elastic over time, as it would be challenging to attract highly skilled researchers in significantly larger numbers within a short period.
To know more about elasticity click this link-
https://brainly.com/question/30999432
#SPJ11
he Dollar to Euro spot exchange rate is $1.2725/€1.00, the Dollar to Yen spot exchange rate is $0.008547/¥1.00, and the Euro to Yen spot exchange rate is €0.006925/¥1.00. Determine the triangular arbitrage profit that is possible if you have $3,000,000 ? a. $143,277 b.$93,037 c.$4,866 d.$5,491 e.$90,239
The triangular arbitrage profit that is possible with $3,000,000 is $36,801,207.29.so all of the Options are incorrect.
To determine the triangular arbitrage profit, we need to check if there is an opportunity for risk-free profit by taking advantage of exchange rate discrepancies. In this case, we can calculate the cross exchange rate between the Dollar (USD), Euro (EUR), and Yen (JPY).
First, convert the Dollar to Euro:
$3,000,000 * (1/1.2725) = €2,358,491.57
Then, convert the Euro to Yen:
€2,358,491.57 * (1/0.006925) = ¥340,161,660.31
Finally, convert the Yen back to Dollar:
¥340,161,660.31 * (1/0.008547) = $39,801,207.29
The profit is calculated by subtracting the initial amount ($3,000,000) from the final amount ($39,801,207.29):
$39,801,207.29 - $3,000,000 = $36,801,207.29
Learn more about arbitrage profit here :-
https://brainly.com/question/1372721
#SPJ11
RMS Group company wants to develop High-quality, premium leather handbags and accessories targeting the high-end fashion industry. All products are crafted from leather (animal-based), hand-made and adorned with the company’s signature logo made with Swarovski-crystals in a united state market.
based on the analysis of the market environment, explain how this could provide opportunities for the company (in terms of the value chain) ?
Answer:
Based on this analysis of the market environment, RMS Group company could benefit from opportunities in the value chain such as :
- Sourcing high-quality leather from reputable suppliers.
- Developing relationships with high-end fashion retailers.
- Creating a strong brand identity that resonates with consumers.
- Offering unique designs that stand out in the market.
Explanation:
The high-end fashion industry is a growing market with a lot of potential for companies that offer high-quality, premium leather handbags and accessories. According to a report by Fortune Business Insights, the global handbag market size was valued at USD 63.4 billion in 2020 and is expected to reach USD 78.9 billion by 2028. Leather is the primary raw material for luxury handbags and accessories. The market for leather handbags is primarily driven by luxury consumer spending in developed as well as developing economies.
I hope this helps.
Which of the following clause is associated with major medical coverage/ PPO?
A) subrogation B)mortgage c) replacement cost d) deductible
B). An annuity 5 years certain pays for 5 years or the death benefit of the annuitant, whichever comes first . true oR FALSE
C).John is injured in a car accident while driving his own vehicle. His injury is covered by his auto insurance policy under the medical payment ( part B) coverage , TRUE OR FALSE
The following clause is associated with major medical coverage/PPO is 'Deductible.'A deductible is an amount that you must pay before the insurance company will pay for your covered medical expenses.
This amount can vary depending on the insurance policy you have chosen.There are generally two types of deductibles:Individual Deductibles: These are the amounts that you must pay before your insurance company begins to pay for your medical expenses.Family Deductibles: These are the amounts that you must pay before your insurance company begins to pay for the medical expenses of your family.An annuity 5 years certain pays for 5 years or the death benefit of the annuitant, whichever comes first is True.John is injured in a car accident while driving his vehicle. His injury is covered by his auto insurance policy under the medical payment (part B) coverage, is True.
To know more about insurance policies visit:
https://brainly.com/question/24984403
#SPJ11
Please talk about Ford's choice. What hurdles and potential issues do you foresee?
According to the report, none of the two units will be spun off by Ford. At this point in time, how would you assess this decision?
Please answer from a strategy point of view
Ford's decision not to spin off the two units is a strategic choice that can have both benefits and challenges. From a strategic point of view, the decision could allow Ford to leverage synergies between the units and maintain control over key assets. By keeping the units within the organization, Ford may be able to streamline operations, optimize resource allocation, and drive efficiencies through shared capabilities. Additionally, retaining the units can help preserve Ford's brand reputation and customer loyalty.
However, potential hurdles and issues may arise from this decision. Managing diverse business units within a single organization can be challenging, as each unit may have different operational requirements and growth trajectories. Aligning strategic objectives and allocating resources effectively across the units can be complex. Furthermore, without spinning off the units, Ford may need to invest in restructuring and realigning its operations to optimize performance.
Additionally, market competitiveness should be considered. If the units have distinct market dynamics or require unique strategic approaches, the lack of focus and dedicated resources on each unit may hinder their ability to compete effectively against specialized competitors. Ford would need to develop strategies to address this challenge and differentiate its offerings in the market.
Overall, Ford's decision not to spin off the units should be assessed considering the potential synergies, operational complexities, and competitive landscape. A comprehensive analysis of each unit's strategic fit, growth potential, and resource requirements would be necessary to determine the long-term viability and success of this decision.
Learn more about competitiveness here:
brainly.com/question/2570802
#SPJ11
Ford's decision not to spin off the two units is a strategic choice that can have both benefits and challenges.
From a strategic point of view, the decision could allow Ford to leverage synergies between the units and maintain control over key assets. By keeping the units within the organization, Ford may be able to streamline operations, optimize resource allocation, and drive efficiencies through shared capabilities. Additionally, retaining the units can help preserve Ford's brand reputation and customer loyalty.
Overall, Ford's decision not to spin off the units should be assessed considering the potential synergies, operational complexities, and competitive landscape. A comprehensive analysis of each unit's strategic fit, growth potential, and resource requirements would be necessary to determine the long-term viability and success of this decision.
Learn more about Ford's decision here:
https://brainly.com/question/10179020
#SPJ11
Gruber and Shyft are ridesharing companies that have a duopoly in Teslandia. They compete over quantity, which is the number of rides per day. The daily demand for rides in Teslandia is given by Q = 80,000 – 1000p, where p is the price per ride. The marginal cost per ride is the same for both companies at $20.
(1) What is the Cournot equilibrium quantity for Gruber?
(2) What is the Cournot equilibrium price?
(3) Assume the firms offer a homogenous product (ride), and suppose instead of competing over quantity they compete over price. What is the Bertrand equilibrium price?
(4) If they could form a cartel and split the profits, what price would they charge?
Answer:
Check below :)
Explanation:
(1) The Cournot equilibrium quantity for Gruber would be half of the market demand, so QG = 40,000.
(2) The Cournot equilibrium price can be found by substituting the Cournot equilibrium quantity (QG) into the demand equation. So, when QG = 40,000:
Q = 80,000 - 1000p
40,000 = 80,000 - 1000p
1000p = 40,000
p = $40
Therefore, the Cournot equilibrium price is $40.
(3) In the Bertrand competition model, where the firms compete over price, the equilibrium price will be equal to the marginal cost since both firms have the same marginal cost of $20. Therefore, the Bertrand equilibrium price is $20.
(4) If Gruber and Shyft were able to form a cartel and split the profits, they would jointly maximize their profits by setting the price above the marginal cost. Since the marginal cost is $20, the cartel price could be higher, such as $30 or any other price that maximizes their joint profits.
Mark me brainliest!
Reasonable
entry level annual income/salary : An entry level salon manager
(1-3 years of experience) earns an average salary of $45,878.
Why is this figure is reasonable?
The figure of $45,878 as the average salary for an entry-level salon manager with 1-3 years of experience can be considered reasonable for several reasons:
Experience Level: The salary is specific to entry-level salon managers, indicating that individuals in this role have limited professional experience in managing a salon. As such, their salary is typically lower compared to more experienced managers or individuals in higher-level positions within the industry.
Industry Norms: The salary figure is likely based on industry norms and market conditions. It takes into account factors such as the average salaries of similar roles within the salon industry, regional differences in salary levels, and the supply and demand for salon managers in the job market. Skill Requirements: Entry-level salon managers are expected to have a certain level of knowledge and skills in areas basic business practices. The salary reflects the value placed on thessuch as salon operations, customer service, staff management, and e skills at the entry level.
Career Progression: The salary figure represents the starting point for salon managers, and as they gain more experience and expertise in their role, they can expect their salary to increase over time. This indicates a potential career progression within the industry, with opportunities for higher earnings as they advance in their careers.
It's important to note that salary figures can vary based on factors such as location, the size of the salon, and the specific responsibilities of the role. It's always recommended to research salary ranges in your specific region and industry to get a more accurate understanding of what would be considered reasonable for a particular role.
learn more about entry-level salon here:
https://brainly.com/question/30737366
#SPJ11
Journal Entries-Speculation Using a Forward Contract LO 5
Use the data given in Exercise 12-9, except assume that on November 1, Sitco Products entered into a 90-day forward contract to buy 900,000 Swedish kronas on January 30 for $.5085 per krona. Required: Prepare all necessary journal entries in regard to the forward contract.
The necessary journal entries for the forward contract are as follows:
1. On November 1:
No journal entry is required as the forward contract is entered into.
2. On January 30:
Accounts Payable (or Forward Contract Payable) $457,650
Unrealized Gain or Loss on Forward Contract $457,650
- On November 1, when Sitco Products enters into the forward contract, no journal entry is made as there is no immediate impact on the financial statements.
- On January 30, when the settlement date arrives, a journal entry is recorded to reflect the settlement of the forward contract. The amount payable is calculated by multiplying the contracted amount of 900,000 Swedish kronas by the forward rate of $.5085 per krona. The Accounts Payable (or Forward Contract Payable) account is debited for the amount payable, and the Unrealized Gain or Loss on Forward Contract account is credited for the same amount. The Unrealized Gain or Loss on Forward Contract account captures the change in the fair value of the contract from the inception to the settlement date.
It's important to note that without additional information, we cannot determine the specific values of the Accounts Payable and Unrealized Gain or Loss on Forward Contract. The values will depend on the exchange rate on January 30 and any fluctuations in the forward rate since the inception of the contract.
Learn more about journal entry
https://brainly.com/question/30499005
#SPJ11
If a U.S. exporter agrees to receive payment in 60 days in pounds, the British importer has assumed the exchange rate risk in the transaction.
a. true
b. false
It is a true statement that if a U.S. exporter agrees to receive payment in 60 days in pounds, the British importer has assumed the exchange rate risk in the transaction.
This is because when a U.S. exporter agrees to receive payment in 60 days in pounds, the British importer has the responsibility to exchange the equivalent amount of pounds to the U.S. dollars to pay the exporter after 60 days. So, the British importer is the one who has to bear the risk associated with the exchange rate between the U.S. dollar and British pound after 60 days. This implies that the British importer is responsible for the payment, and in case there is a change in the exchange rate within the 60 days payment period, it will affect the amount that the British importer will pay. Therefore, the British importer bears the exchange rate risk.
To know more about Exchange Rate Risk visit:
https://brainly.com/question/31810864
#SPJ11
1-Which federal trial court(s) require payment of tax prior to filing a petition?
2-Which federal trial court(s) require petitioning within 90 days of the statutory notice of deficiency?
3-The U.S. Circuit Court of Appeals (Regional) hears cases from which two federal trial courts?
4-List the three the categories for primary source of tax law and provide at least one example for each category.
5-Describe the rules on the taxation of cancellation of debt
6-Provide a list of the categories of expenses that are deductible as itemized deductions.
7-Describe the taxation of damages for physical injury and non-physical injury.
1-The federal trial court that requires payment of tax prior to filing a petition is the United States Tax Court.
2-The federal trial court that requires petitioning within 90 days of the statutory notice of deficiency is also the United States Tax Court.
The United States Tax court requires taxpayers to pay the disputed tax amount in full before they can file a petition challenging the IRS's deficiency determination.
Taxpayers who receive a statutory notice of deficiency have 90 days from the date of the notice to file a petition with the Tax Court to contest the IRS's determination.
3- The U.S. Circuit Court of Appeals (Regional) hears cases from the U.S. District Court and U.S. Bankruptcy Court.
4-The three categories for primary sources of tax law are: Statutory authority; Administrative authority and Judicial authority.
5-The rules on the taxation of cancellation of debt (COD) are as follows: When a debt is canceled or forgiven, it is generally considered taxable income to the debtor, unless an exception applies. The debtor must include the canceled amount as income on their tax return, which could result in a tax liability.
6-Categories of expenses that are deductible as itemized deductions include: Medical and dental expenses; State and local taxes; Mortgage interest and Charitable contributions.
7- Generally, damages received for personal physical injuries or physical sickness are not taxable.
Learn more about Tax Court here:
https://brainly.com/question/8052639
#SPJ4
What are the advantages of establishing time standards
using standard data rather than taking individual
studies?
The term "standard of time" refers to a commonly accepted and widely used reference for measuring and expressing time. It provides a consistent framework for synchronizing clocks, establishing time zones, conducting scientific research, coordinating global activities, and facilitating communication across different regions and countries.
Establishing time standards using standard data instead of individual studies offers several advantages:
1. Consistency: Standard data provides a consistent and reliable basis for establishing time standards. Individual studies may vary in methodology, sample size, and data collection techniques, leading to inconsistent results. Standard data ensures that time standards are based on a standardized and consistent approach, promoting reliability and accuracy.
2. Objectivity: Standard data is typically collected and maintained by neutral and independent organizations, such as industry associations or government agencies. By using such data, time standards are derived objectively, reducing biases that can be present in individual studies. This objectivity enhances the credibility and trustworthiness of the established time standards.
3. Representative sample: Standard data often represents a larger and more diverse sample size than individual studies. This broader representation helps capture variations in different contexts, work settings, and populations. It reduces the risk of basing time standards on limited or skewed data, resulting in more realistic and applicable standards.
4. Cost-efficiency: Conducting individual studies to establish time standards can be time-consuming and expensive. Utilizing standard data eliminates the need to replicate research efforts, saving resources and costs. Organizations can access existing data that has already been collected, validated, and refined, accelerating the process of establishing time standards.
5. Industry-wide benchmarking: Standard data often encompasses multiple industries or sectors, allowing for benchmarking and comparison across different organizations. This facilitates performance evaluation, process improvement, and identification of best practices. By using standard data, organizations can align their time standards with industry norms and promote competitiveness.
6. Long-term stability: Standard data is often periodically updated and maintained, ensuring that time standards remain relevant over time. Individual studies may become outdated or insufficient as industry practices and technologies evolve. Standard data is more likely to be continuously reviewed and updated, providing organizations with reliable benchmarks for their ongoing operations.
Overall, using standard data to establish time standards enhances consistency, objectivity, representativeness, cost-efficiency, benchmarking capabilities, and long-term stability. It contributes to better decision-making, improved productivity, and enhanced performance in various industries and sectors.
To know more about the standard of time visit:
https://brainly.com/question/31953475
#SPJ11
Retton Corporation has a Debt-to-Total Assets Ratio of 20.0%;
and a Return on Assets of 12.0%. What is the ROE of Retton
Corporation?
A) 48%
B) 37%
C) 16%
D) 15%
E) 10%
The ROE of Retton Corporation is 15.0% (option d).
The Return on Equity (ROE) can be calculated using the formula:
ROE = (Net Income / Average Shareholders' Equity) * 100
Since the information provided doesn't include the net income or shareholders' equity, we'll have to use another formula to calculate ROE:
ROE = Return on Assets (ROA) * Equity Multiplier
The Equity Multiplier is calculated as:
Equity Multiplier = Total Assets / Shareholders' Equity
Given that the Debt-to-Total Assets Ratio is 20.0%, the Equity Multiplier can be expressed as:
Equity Multiplier = 1 / (1 - Debt-to-Total Assets Ratio)
Let's calculate the Equity Multiplier:
Equity Multiplier = 1 / (1 - 0.20) = 1 / 0.80 = 1.25
Now, we'll calculate the ROE:
ROE = ROA * Equity Multiplier
= 12.0% * 1.25
= 15.0%
Therefore, the ROE of Retton Corporation is 15.0%.
The correct answer is option D) 15%.
Learn more about assets:-
https://brainly.com/question/11556132
#SPJ11
Which of the following is not a function of money? Commodity backing OA store of value O A means of exchange of goods and services O A unit of account
The option that is not a function of money is the first one - commodity backing.
Money is a medium of exchange in the economy, and it serves four essential functions of money. The following are the functions of money that explain the reasons for its acceptance: Means of exchange Money serves as a means of exchange in the economy, where it acts as a medium of exchange to buy and sell goods and services in the market. It is the primary function of money and refers to the ability to exchange money for goods and services. Store of valueMoney can store purchasing power and wealth over time, making it a store of value. People can store their money in banks or other financial institutions and earn an interest rate, providing a hedge against inflation. Unit of account Money is a standard measure of value, as it acts as a unit of account in the economy. It provides a common measuring scale to express the value of goods and services easily. Commodity backing It is not a function of money. It was practiced earlier where money was backed up by some valuable commodity, like gold. However, this system is no longer in practice.
To know more about function of money visit:
https://brainly.com/question/29750481
#SPJ11
Question 3- A two-product firm faces the following demand and cost functions: Q₁ = 40-2P₁-P2 Q2 = 35-P₁-P2 C = Q² +2Q2 + 10 (a) Find the output levels and prices that satisfy the first-order condition for maximum profit. (Use fractions instead of decimals.) (b) Check the second-order sufficient condition. Can you conclude that this problem possesses a unique absolute maximum? (c) What is the maximal profit?
(a) To find the output levels and prices that satisfy the first-order condition for maximum profit, we can use the following method:
We know that profit (π) is given by:
π = TR - TC
where
TR is total revenue,
TC is total cost.
Using the demand functions, we can find the expressions for TR in terms of Q₁ and Q₂:
TR₁ = P₁Q₁ = P₁(40 - 2P₁ - P₂)
TR₂ = P₂Q₂ = P₂(35 - P₁ - P₂)
Using the cost function, we can find the expression for TC in terms of Q₁ and Q₂:
TC = Q₁² + 2Q₂ + 10
Now, the profit function is given by:
π = TR - TC
π = (P₁(40 - 2P₁ - P₂) + P₂(35 - P₁ - P₂)) - (Q₁² + 2Q₂ + 10)
π = 40P₁ - 2P₁² - P₁P₂ + 35P₂ - P₂² - Q₁² - 2Q₂ - 10
We need to find the output levels and prices that satisfy the first-order condition for maximum profit.
To do this, we need to take the partial derivatives of the profit function with respect to P₁ and P₂, and set them equal to zero.
Then we solve for Q₁ and Q₂.
∂π/∂P₁ = 40 - 4P₁ - P₂ = 0
∂π/∂P₂ = 35 - P₁ - 2P₂ = 0
From the first equation, we get:
40 - 4P₁ - P₂ = 0P₂ = 40 - 4P₁
Substituting this into the second equation, we get:
35 - P₁ - 2P₂ = 0
35 - P₁ - 2(40 - 4P₁) = 0
3P₁ = 45P₁ = 15/π₂ = 40 - 4P₁
π₂ = 40 - 4(15/π₂)π₂² + 2π₂(35 - 15/π₂ - π₂) + 10 - (15/π₂)² - 2(35 - 15/π₂ - π₂) - 10
= π40π₂³ - 1560π₂² + 15160π₂ - 50000 = 0
π₂ = 10
Using the first-order conditions, we have found that the output levels and prices that satisfy the first-order condition for maximum profit are:
Q₁ = 10,
P₁ = 10
Q₂ = 15,
P₂ = 10
(b) To check the second-order sufficient condition, we need to find the second partial derivatives of the profit function with respect to P₁ and P₂, and
evaluate them at the critical point (Q₁, Q₂, P₁, P₂)
= (10, 15, 10, 10).∂²π/∂P₁²
= -4∂²π/∂P₁∂P₂
= -1∂²π/∂P₂²
= -2
The determinant of the Hessian matrix is:
|-4 -1| |-1 -2| = 7
Since the determinant is positive, and ∂²π/∂P₁² = -4 < 0, we can conclude that this problem possesses a unique absolute maximum.
(c) To find the maximal profit, we substitute the values of Q₁, Q₂, P₁, and P₂ into the profit function:
π = 40P₁ - 2P₁² - P₁P₂ + 35P₂ - P₂² - Q₁² - 2Q₂ - 10
π = 40(10) - 2(10)² - (10)(10) + 35(10) - (10)² - 2(15) - 10
π = 50
The maximal profit is $50.
Learn more about the Hessian matrix:
brainly.com/question/30451879
#SPJ11
Think of 3 favorite technology today and describe the advantage
and disadvantage of this.
Here are three of my favorite technology today along with their advantages and disadvantages: Smartphones Advantages, Wireless Headphones Advantages, and Smart Home Devices Advantages.
1. Smartphone Advantages: Smartphones can perform multiple functions such as calling, texting, browsing the internet, social media, video calling, music, and GPS navigation. They offer convenience and flexibility, and users can carry them anywhere.
Disadvantages: Smartphone addiction is a growing concern that leads to decreased social interaction and increased isolation. It is also a major distraction in classrooms, workplaces, and while driving. The blue light emitted by smartphone screens can affect sleep patterns and cause eye strain.
2. Wireless Headphones Advantages: Wireless headphones offer freedom of movement, as users can listen to music, watch videos, or make calls without being tethered to a device. They are lightweight, portable, and comfortable to wear, making them ideal for travel and exercise.
Disadvantages: Wireless headphones are relatively expensive compared to wired headphones, and they require regular charging. The sound quality may not be as good as wired headphones, and they may experience connectivity issues with certain devices.
3. Smart Home Devices Advantages: Smart home devices, such as smart thermostats, lights, and security systems, can automate household tasks, save energy, and improve safety. They are easy to use and can be controlled from a smartphone or tablet.
Disadvantages: Smart home devices can be expensive and may require professional installation. They may also raise privacy and security concerns, as they collect personal data and may be vulnerable to hacking. They also require a stable and reliable internet connection to function properly.
To know more about technology please refer:
https://brainly.com/question/28384339
#SPJ11
Crane Company has invested $3,120,000 in assets to produce 10,400 units of its finished product. Crane’s budget for the year is as follows: net income, $436,800; variable costs, $2,496,000; fixed costs, $416,000.
Compute each of the following: (Round answers to 1 decimal place, e.g. 15.2%.)
1.
Budgeted ROI
enter percentages rounded to 1 decimal place %
2.
Markup percentage using the total cost approach
enter percentages rounded to 1 decimal place %
Therefore, the budgeted ROI is 14.0% and the Markup Percentage using the total cost approach is 75.7%.
ROI is the return on investment. It is the amount of return on investment expressed as a percentage of the investment. The formula for computing ROI is as follows:
ROI = Net Income / Total Investment * 100
We are given the net income and total investment; therefore, we can use the formula above to compute the budgeted ROI.Budgeted ROI
= Net Income / Total Investment * 100
Substituting the values from the given information, we have Budgeted ROI = $436,800 / $3,120,000 * 100 = 14.0%
Markup is the difference between the cost of producing an item and the selling price of that item. We can compute the markup percentage using either the cost approach or the selling price approach.Cost Approach: Markup Percentage
= (Selling Price – Cost Price) / Cost Price * 100
We are given the total cost of producing an item and the markup. Therefore, we can use the formula above to compute the markup percentage. Markup percentage is calculated using the total cost approach.Using the total cost approach: Selling Price
= Total Cost / (1 – Markup Percentage / 100)
From the given information, we can compute the total cost of producing one item by dividing the total investment by the number of units produced.Total cost per unit
= Total Investment / Number of Units Produced
= $3,120,000 / 10,400
= $300Using the formula above and the given information, we can solve for the markup percentage.
$300 / (1 – Markup Percentage / 100)
= $300 + Markup Markup Percentage
= 75.7%Therefore, the budgeted ROI is 14.0% and the Markup Percentage using the total cost approach is 75.7%.
To know more about product visit;
brainly.com/question/31815585
#SPJ11