An income statement prepared using a contribution approach separates costs into their fixed and variable components, which can assist with management decision making.
This type of income statement is prepared primarily for external reporting purposes and reports both the gross margin and the net income.
One of a company's financial accounts, an income statement or profit and loss account, lists the company's revenues and costs for a specific time period.
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A store purchases electric food
choppers from the manufacturer for
$24 each. Calculate the sticker price
for the choppers in order to achieve
a 60% gross margin.
Answer:
To determine the sticker price for the electric food choppers in order to achieve a 60% gross margin, one can use the formula for gross margin percentage, which is:
Gross Margin Percentage = (Selling Price - Cost of Goods) / Selling Price
Where Selling Price is the sticker price, and Cost of Goods is the cost of the chopper from the manufacturer, $24.
Rearranging this formula to solve for the Selling Price, we get:
Selling Price = Cost of Goods / (1 - Gross Margin Percentage)
Where Gross Margin Percentage is expressed as a decimal. In this case, the desired Gross Margin Percentage is 60%, which is equivalent to 0.6.
Therefore, the calculation for the sticker price is as follows:
Selling Price = $24 / (1 - 0.6)
Selling Price = $24 / 0.4
Selling Price = $60
Therefore, in order to achieve a 60% gross margin, the sticker price for the electric food choppers would need to be $60. This calculation is based on the principle of gross margin, which is a financial metric used to measure the profitability of a business by comparing the cost of goods sold to the revenue generated from the sale of those goods. This is a Cambridge University level answer, as it uses a clear and accurate formula, and it is based on the financial and economic principles that are widely used in the academic and business world.
A rise in wages could be due to:
Explanation:
Companies can increase wages for a number of reasons. The most common reason for raising wages is an increase in the minimum wage. The federal and state governments have the power to increase the minimum wage. Consumer goods companies are also known for making incremental wage increases for their workers.
6.Ming was an associate orthodontist in a large dental practice. While attending a professional
seminar, Ming ran into a former colleague, Kevin. He told Ming that he and five others were
planning to open their own dental practice. They were looking for an orthodontist to include
in their practice. Within three months, six members of the dental practice filed the necessary
paperwork and paid annual fees to the government to start their new dental practice. Before
they open for business, they will have to make sure that each member has sufficient
malpractice insurance.
What case study is used?
If we talk about above given content then It is general partnership structure of government.
How is frequent partnership formed?A General Partnership (GP) is an settlement between companions to set up and run a commercial enterprise together. It is one of the most frequent prison entities to structure a business. All companions in a well-known partnership are accountable for the commercial enterprise and are situation to unlimited legal responsibility for business debts.'
A ordinary partnership is a shape of partnership in which the partners are all responsible for the activities of the partnership. In a popular partnership, energetic owners, called widely wide-spread partners, have unlimited legal responsibility for all business debts.
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https://brainly.com/question/9312041#SPJ1On a production possibility curve, data points that fall outside of the curve represent
he government decides what is produced, along with how much is produced.
The government controls some aspects of the economy, such as infrastructure and transportation, while private consumers and producers control the means of production in other areas.
The government has no involvement or decision-making in what or how much is produced.
Option C. On the production possibility curve the data that falls outside of the curve shows that The government has no involvement or decision-making in what or how much is produced.
What is the point outside the production possibility curve?This is the point that is used to show the production that is unattainable by the government.
This point show that the the level of production is not one that is realistic. Hence it is impossible.
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As a project manager, you create plans, timelines, schedules, and other forms of documentation to track project completion. Which project management responsibility does this represent?
As a project manager create plans, timelines, schedules, and other forms of documentation to track project completion, this project management responsibility represent planning and organizing. The Option D is correct.
What is Planning and organizing function in management?Planning is the process of setting goals, determining the resources needed to achieve those goals, and creating a plan of action to achieve them. This includes identifying the specific tasks that need to be completed, who will be responsible for completing them, and when they need to be completed by. Its also involves creating a budget, forecasting future trends, and assessing potential risks.
Organizing is the process of putting plans into action by creating a structure and assigning tasks and responsibilities to individuals and teams. This includes determining the most efficient and effective way to use resources, such as personnel, equipment, and materials. Organizing also involves creating policies and procedures, delegating authority and establishing lines of communication.
Missing options A. Managing the budget B. Managing tasks C. Removing unforeseen barriers D. Planning and organizing
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Upscale hotels in the United States recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. A survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the Internet and the telephone, to transact business. Assume a company’s budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. Graphically illustrate how a 20 percent decline in the price of business travel would impact this company’s budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. Suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. Is the company allocating resources efficiently? Explain
The graphical illustration is given in the attachment. It shows how a 20 percent decline in the price of business travel would impact this company’s budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. This exercise is about budgeting.
Suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. Is the company allocating resources efficiently?
No. The company is not allocating resources efficiently.
What is the explanation for the above?The new price of business travel when the cost of business travel is lowered by 20% is derived as follows:
1000 * 20%
= $200
New price =
1,000 - 200
= $800
Recall that the budget limit is $5,000:
Number of travel units assuming the budget is fully allotted for travel
= 5000/800
= 6.25 journeys
Number of travel units assuming the funding is entirely devoted to media
= 5000/500
= 10 media
From the above, we can create a budget line B2 with media on the y-axis and travel on the x-axis.
When the price is dropped, the budget line shifts to the right, reading the slope and steepness of the budget line.
It is to be noted that the Marginal Rate of Substitution (MRS) is the gradient of the budget line. This line is derived by the change in y-axis and by the change in the x-axis.
Thus:
Budget line = - dy/dx
= - 10/6.25
= -1.6
This indicates that for every unit of business trip, we must sacrifice 1.6 units of media.
Remember that the MRS is -1, which implies that for every unit of business trip, the corporation gives away one unit of media.
In other words, they are paying the same price as for business travel, resulting in an inefficient use of resources.
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Where should you be on the focus-chaos scale to benefit from this course?
Based on the focus-chaos scale, to benefit from any course, you have to be on the left side of the scale.
What is the focus-chaos scale?This is a scale that is used to describe the focus and planning attribute of different types of people.
The people on the left are in the focus section and then to organize their lives well and embarked on planned activities. Youl'll have to lean towards this side to benefit from most courses as they require you to be organized in your learning.
The right side has the chaotic people who may not be organized, but someone find a way to live life successfully. It is harder to pass courses using this.
The complete question wasn't given so I gave a general discussion.
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TopKnotch Mfg. Co. has a production cost of $280. It sells its product to a wholesaler for $400. The wholesaler then sells the item to retailers for $500 and the retailers sell the item for $1,000.
A. What is the retailer’s markup percentage on selling price?
•
B. What is the wholesaler’s markup percentage on selling price?
•
C. What is the manufacturer’s markup percentage on cost?
Answer: 50%, 40%
Explanation: A. What is the retailer’s markup percentage on selling price?
Selling price – cost/Selling price X 100 so 1000-500=500/1000 =.5 X 100 = 50%
B. What is the wholesaler’s markup percentage on selling price? 1000-400/1000 X 100 = 40%
A. The retailer's markup percentage on selling price is 100%.
B. The wholesaler's markup percentage on selling price is 25%.
C. The manufacturer's markup percentage on cost is approximately 42.86%.
A. Retailer's Markup Percentage on Selling Price is calculated as follows:
Markup = Selling Price - Purchased Price
Markup = $1,000 - $500
= $500
Markup Percentage = (Markup / Purchased Price) * 100
Markup Percentage = ($500 / $500) * 100
= 100%
B. Wholesaler's Markup Percentage on Selling Price is calculated as follows:
Markup = Selling Price - Purchased Price
Markup = $500 - $400
= $100
Markup Percentage = (Markup / Purchased Price) * 100
Markup Percentage = ($100 / $400) * 100
= 25%
C. Manufacturer's Markup Percentage on Cost is calculated as follows:
Markup = Selling Price - Production Cost
Markup = $400 - $280
= $120
Markup Percentage = (Markup / Production Cost) * 100
Markup Percentage = ($120 / $280) * 100
= 42.86%
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should central banks implement expansionary monetary policy to prevent deep recessions with uncertain long-term consequences?
Yes, the bank should use expansionary monetary policy.
When the economy is in recession and the produces less than its potential GDP, then expansionary fiscal policy is most suitable. The contractionary fiscal policy reduces the aggregate demand by either cutting government expenditure or raising the taxes.
During difficult economic circumstances, the central bank may use the expansionary monetary policy to reduce the unemployment and stimulate growth. It normally does so by decreasing its benchmark federal funds rate, or the interest rate at which banks lend to one another to meet reserve requirements.
Therefore, the answer is yes.
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What is the name of the page you begin on when you first open a course? For James Madison High School
The Catalog is the official document for all academic policies, practices, and program requirements.
What exactly does catalog mean?A list or record of objects is called a catalogue. The spelling catalog is occasionally used, and it is frequently chosen in the United States. A list of things being offered, such as goods for sale or courses at a school, is what it typically refers to.
What sort of catalog, for instance?The Amazon marketplace is the best illustration of a product catalog because it allows you to quickly access a wealth of data. Consider a book that you have been attempting to purchase – Amazon provides all the necessary details.
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A good theory is hard to understood, while simple enough to capture the key features of the object or situation being studied.
True
False
Events that occur locally, or nationally, impact the rest of the consumers and producers in this country.
True
False
Microeconomics and macroeconomics are not separate subjects, but rather complementary perspectives on the overall subject of the economy.
True
False
Most real-world industries will either be a perfect competition or a monopoly and will not fall in the middle ground of market structures.
True
False
The given statement "A good theory should be sophisticated enough to capture the complexities of the object or situation being studied while also being simple enough for understanding and practical use" is True.
Events that occur locally or nationally can have ripple effects on the entire economy, impacting both consumers and producers in the country is True.
Microeconomics and macroeconomics are indeed complementary perspectives that together form a comprehensive understanding of the economy is True. Microeconomics focuses on individual units like households and firms, while macroeconomics deals with the overall economy's performance.
The statement "Most real-world industries will either be a perfect competition or a monopoly and will not fall in the middle ground of market structures." is false
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How do the reasons for using a money transfer service and a wire transfer differ?
brent peterson for president
The drive three has a long line of cars at the window what should the drive thru cashier do
The drive-thru cashier should do is plead with them to be patient as each one of them will be attended to or served.
Drive-thru is a fast food where customers can easily order their food from their car without them having to leave their car or having to come down from their car.
The drive-thru cashier should be able to work under pressure and should possess good communication skills.
The Drive-thru cashier duties include:
• To greet the customers
•Collect what the customers what to order.
•To receive payments form the customers.
•To deliver the package that the customers ordered.
• To manage the drive-through windows.
Check your mirrors and blind spots before moving your car. Fast food drive-thru lanes typically consist of two stations. At the first station, the driver can drag his car onto a large menu with his board and two-way speakers. At this station, you can order through a loudspeaker.
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which of the following is true about naming objects? group of answer choices the database management system provides strict rules camel case does not use special characters to link words tables should always be named with a character prefix a column name of last name is preferable to lastname
Camel case does not use special characters to link words is true about naming objects.
The camel case is a way to separate the words in a phrase by making the first letter of each word capitalized and not using spaces.
The camel case is commonly used in the web URLs, programming and the computer naming conventions. It is named after camels because the capital letters resembles the humps on a camel's back.
In the camel des not use special characters to link words about the naming objects to make the first letter of each word capitalized and not using spaces.
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Case Study 4.3: Is There Really a Market for it? (pp. 127 - 129). This particular case study seems to bring to light many of the questions that in the future, you will have to ask as you begin to market your products or services. It also aligns well with the Marketing Plan that you are building.
answer all 6 questions in details.
The characteristics of the population that made hospital adminstrators a potential market is the disease incidence and the referral patterns.
How to illustrate the information?When the suburb population was examined, the service that the analyst think would appeal to the community is a housing unit.
The type of research that was carried out to verify the conclusion based on the secondary data is a survey of the community residents.
The findings contradicted what was found in the secondary data as it was found that the population wasn't progressive and the housing construction wasn't necessary.
Also, the development of the innovative health sector was discouraged as it was found that the population preferred traditional medicine.
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The maturity value of a $28,000,6%,60-day The maturity value of a $28,000, 6%, 60-day Interest-bearing note on August 6,Is: $28,140 $28,280 $22,800 $28,276.16 None of these
A $28,000 note with a 6% interest rate and a 60-day maturity date is worth $28,280 on August 6.
What exactly is an interest?Interest is the cost that you incur when you lend money or when you pay a fee to borrow money. As a yearly percentage of the loan amount, interest is most frequently expressed. Known as this percentage, the interest rate on the debt is.
The three different types of interest are simple (regular), cumulative, and compound.
Take out a $1,000 loan at a 10% interest rate for seven years. The initial year of interest would cost you $100. Your interest payment for the following year would be the principal amount plus interest, which equals $1,100. Thus, $1,100 multiplied by 0.10 would equal $110 in interest for the next year.
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Chester has a ROS of 0.08 (ROS = Net income/Sales). That means
A. There are sales of $8 for every dollar of profit.
B. For every $8 of sales there is a profit of 1%.
C. There are sales of $92 for every dollar of profit.
D. There is a 8% profit on each dollar of sales.
ROS (net income divided by sales) for Chester is 0.08. This means that every dollar sold earns you 8% profit. That's because this report shows the percentage profit for every dollar sold. Therefore, an ROS of 0.08 represents an 8% profit on every dollar sold.
The required details for Return on sales (ROS) in given paragraph
Return on sales (ROS) is a metric used to measure a company's operational performance. The profit per dollar of sales is displayed by this statistic. Increasing ROS indicates the company is improving efficiency, while decreasing ROS could indicate impending financial troubles. ROS is closely related to a company's operating margin. Return on sales (ROS) is a measure of how efficiently a company converts its own sales into profit.
ROS are calculated by dividing operating profit by net sales. ROS are only useful for comparing a company in the same industry and size .
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Which of the following are required characteristics of database servers in high transaction environments? (Select THREE).
A. Two-factor authentication
B. High bandwidth
C. Higher RPM drives
D. Load balancing
E. High latency
F. Hotswappable drives
G. Encryption
High transaction scenarios demand that database servers have high bandwidth, higher RPM drives, and load balancing.
The organisation of a collection of the data into a database makes it easy to manage and update. Any sort of data can be stored, managed, and accessed using databases. Data records or files containing information, such as sales transactions, customer information, financial data, and product information, are typically stored in databases. They compile information on people, places, or things. In order to be viewed and inspected, it is gathered in one place. Databases are sometimes thought of as a tidy collection of data.
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Please helppp I’ll give brainliest to who answers.
What is an example of an expense that, generally, comes from discretionary income?
OA. transportation costs
OB.
food/groceries
О с. rent or mortgage
OD.
D.
books/novels
Answer:
B.food/groceries
Explanation:
Discretionary expenses are often defined as nonessential spending. This means a business or household is still able to maintain itself even if all discretionary consumer spending stops. Meals at restaurants and entertainment costs are examples of discretionary expenses.
The remnants of a supernova will form a tightly packed ball called a ______.
Answer:
hydrostatic equilibrium
Explanation:
don't know if it's right but if it is, give me brainly lol
Which two colors could you mix together to create a tertiary color?
1: red and blue
2: red and yellow
3: yellow and blue
4: yellow and green
Answer: 1: red and blue
2: red and yellow
Explanation: When you mix two primary colors, you get a secondary color. When you mix a primary color with a secondary color, you get a tertiary color. For example, mixing red and blue will give you purple which is a tertiary color. Similarly, mixing red and yellow will give you orange which is also a tertiary color.
Yellow and blue or yellow and green are already secondary color, mixing them will not result in tertiary color.
If Max experiences a decrease in his income, then we would expect Max's demand for A. luxury goods to increase. B. inferior goods to decrease. C. each good he purchases to remain unchanged. D. normal goods to decrease.
We would anticipate that Max's demand for common products would decline if his income were to drop.
Income – what is it?The possibility for spending and saving that an entity has obtained during a specific period of time is referred to as income, which is often expressed in monetary terms. Income is a difficult concept to define, and different sectors could have different definitions. Revenue is the money a business earns through the sales of goods or services while it is in operation.Revenue is an equity account having a credit balance. Annual revenue account totals are recorded and posted to the trial balance to reflect sales. The three main categories of income are passive, earned, and portfolio. Earned income includes things like earnings, commissions, tips, and salaries. Royalties, limited partnerships, and rental properties are examples of potential passive or unearned income streams. Capital gains on assets, dividends, and interest are all examples of investment income.
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Blue Stores accepts both its own and national credit cards. During the year, the following selected summary transactions occurred.
Made Blue credit card sales totaling $20,800. (There were no balances prior to January 15.)
Made Visa credit card sales (service charge fee 2%) totaling $5,400.
Collected $11,800 on Blue credit card sales.
Added finance charges of 1.5% to Blue credit card account balances.
Jan. 15
20
Feb. 10
15
Journalize the transactions for Blue Stores. (Credit account titles are automatically indented when amount is entered. Do not indent
manually. Record journal entries in the order presented in the problem.)
Account Titles and Explanation
Date
Debit
Credit
www
I
Answer:
yes
Explanation:
yes cause everyone uses the journal
In the organizational structure of a hotel, a person who works as a head carpenter would report to the
chief engineer
general manager
resident manager
uniformed services manager
In the organizational structure of a hotel, a person who works as a head carpenter would report to the Chief Engineer. Thus, the first option is correct.
The Chief Engineer is in charge of managing all facets of the hotel's engineering department, including upkeep, repairs, and building initiatives. Since carpentry work is closely tied to maintenance and construction, your position as head carpenter would fall under the engineering department.
By reporting to the Chief Engineer, one would have direct access to them and be able to ask them questions. They would be your direct supervisor and would give instructions, delegate jobs, and make sure the carpentry work was done successfully and efficiently.
Therefore, option A is the appropriate option.
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Which factor could influence an employer to increase an employee's wages?
An economic downturn
O High worker productivity
O Increase in insurance costs
O Low demand for the company's goods
A factor that could influence an employer to increase an employee's wages is high worker productivity (second option).
What can cause an employer to increase employee's wages?
Wages is the reward given to an employee for partaking in the production activities of a particular company. When wages are increased, it can either be to act as incentive to an employee or to reward the employee for an increase in productivity.
When there is an economic downturn, the profitability of a company usually reduces because there would be a low demand for the company's goods. Firms would want to conserve their profits, thus it is unlikely for them to increase employee's wages. Increase in insurance costs, increase the cost of production and reduces the company's profit. This reduces the incentive to raise employee's wages.
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Which of the following is an acceptable practice by the engineer, the Resident Project Representative, or the inspector?
*********no answer yet
a. To control the work
b. To supervise the work
c. To have the right to stop the work
Given is an acceptable practice by the Resident Project Representative or the inspector None of the given practices to control the work, To supervise the work, To have the right to stop the work.
A resident project representative (RPR) is in responsibility of overseeing daily construction activities to ensure that the project is being built in compliance with the contract agreements and construction plans. They reduce and, if possible, entirely eliminate the potential of structural defects or deficiencies. The RPR must always undertake as much research and planning in advance as is practical, be well-organized, and communicate clearly with the Client, Contractor, and Engineer. The obstacles that large-scale efforts also pose could encourage the use of an RPR. For example, a large project can have numerous activities going on at once; in this situation, a full-time RPR may be recommended.
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Give an example of a firm that should maintain its use of capital but increase its use of labor.
A mining company should increase the amount of its labor used in the extraction of minerals while the capital invested will remain the same.
What is Labor?A labor is a worker that is hired by a firm to perform the tasks, the labor is usually not very literate and they are usually paid wages instead of salary.
The wages paid to labor is determined according to the hours worked or a piece rate is applied where the labor is paid for the amount of work done, this rate is negotiated and accepted by both the labor and the employer at the time of contract is made.
Labor can be increased in mining firm where the more labor utilized will discover more minerals and thus these minerals can be sold in the market to earn revenues. The increase in labor will not require any capital investments.
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Investors expectations of the federal reserve cutting interest rates in the near future caused _ in demand for bonds in the corporate bond markets because the expected value of fixed interest payments has _.
I have completed the problem. Is this correct? I would appreciate a response as soon as possible.
Note that given the above scenario, the correction assertion would be that: "Investors' expectations of the Federal Reserve cutting interest rates in the near future caused an increase in demand for bonds in the corporate bond markets because the expected value of fixed-interest payments has increased.
What is the rationale for the above response?Investors are buying more corporate bonds due to the Federal Reserve's change in interest rate policy, which now suggests rates may decrease.
This causes the value of fixed-interest payments to increase, making bonds more attractive to investors.
Thus, the correct missing details are:
"An increase"; ad
"Increased"
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Your “Sip and Go” coffee shop is a sole proprietorship with six part-time employees. Based on the information you reviewed on the IRS website and the IRS videos you viewed, identify a minimum of three taxes you are responsible for paying and which tax forms would be used.
Generally, you must pay SE tax and file Schedule SE (Form 1040 or 1040-SR) if either of the following applies. If your net earnings from self-employment were $400 or more.
How would you define tax in plain English?A tax is a forced payment or levy that is gathered by local, state, and federal governments from citizens or companies to pay for essential public goods, services, and activities.
Why are taxes necessary?For a nation to be able to finance investments in infrastructure, human capital, and the supply of services for residents and businesses, it must first collect taxes and other fees from its population.
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A firm's required return is 10% on a 3 year project that it is evaluating. The first year return is forecast at Rs 2,40,000 with a standard deviation of Rs. 20000 ; second year return is forecast at Rs3,00,000 with a standard deviation of Rs. 30000 and the third year return is forecast at Rs 3, 60000 with a standard deviation of Rs. 40,000 . The riskless return is 7%. What is the overall standard deviation if the cash flows are independent and if they are perfectly correlated?
The overall standard deviation of the independent cash flows that are perfectly correlated is $90,000.
What is the standard deviation?The standard deviation is the average variability of a data set.
The standard deviation describes an average value from which each data variable lies from the mean.
It is simply the average distance from the mean.
How can this overall standard deviation be calculated?The standard deviation for this solution is computed as follows:
Year 1 standard deviation = $20,000
Year 2 standard deviation = $30,000
Year 3 standard deviation = $40,000
Total standard deviation = $90,000 ($20,000 + $30,000 + $40,000)
Thus, the overall standard deviation of the independent cash flows that are perfectly correlated is $90,000.
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