Smith's argument that American producers cannot compete with foreign producers because wages are lower in foreign countries than in the United States is based on the concept of comparative advantage.
Smith is suggesting that lower wages in foreign countries give them a competitive edge over American producers. Comparative advantage is a theory in economics that states that countries should specialize in producing goods or services in which they have a lower opportunity cost compared to other countries. In this case, Smith argues that foreign countries have a comparative advantage in producing certain goods because their lower wages allow them to produce those goods more efficiently and at a lower cost. As a result, American producers find it difficult to compete with their foreign counterparts because they cannot match the lower production costs.
To illustrate this concept, let's consider an example. Imagine there are two countries, Country A and Country B. Country A has higher wages compared to Country B. In Country A, it may cost $10 to produce a product, while in Country B, it only costs $5 due to lower wages. As a result, Country B can produce the product at a lower cost, making it more competitive in the global market. Smith's argument highlights the impact of lower wages in foreign countries on the competitiveness of American producers. However, it is important to note that there are other factors involved in international trade, such as technology, quality, transportation costs, and government policies, that can also affect a country's ability to compete.
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Harry’s shoe store has noticed a significant increase of revenue of $123,000. The manager has also determined that the total expenses equal to $128,000. Will this business net a profit or loss? _____ How much of a profit or loss?_____
Answer:
Net loss; $5,000
Explanation:
$123,000 (income)
- 128,000 (expenses)
_________________
-5,000
Which of the following is NOT one of the three things you need to define in order to analyze a strategic interaction as a 'game' in game theory?
A. The payoffs for each strategy combination
B. The moves/interactions available
C. The type of good being produced
D. The players involved in the game
The answer is C. The type of good being produced is not one of the three things you need to define in order to analyze a strategic interaction as a 'game' in game theory.
The three things you need to define are: the payoffs for each strategy combination, the moves/interactions available, and the players involved in the game. Payoffs refer to the rewards or outcomes that each player receives based on the strategies they choose. Moves or interactions refer to the actions or decisions that players can make in the game. Players are the individuals or groups that participate in the game and make decisions based on their interests. Understanding these three elements helps in analyzing the strategic behavior of the players and predicting the outcomes of the game. Game theory is used in various fields, including economics, political science, and psychology, to analyze decision-making in situations where there is interdependence among individuals or groups.
In order to analyze a strategic interaction as a 'game' in game theory, there are three essential elements that need to be defined: the players involved in the game (D), the moves/interactions available (B), and the payoffs for each strategy combination (A). These components allow for the analysis and understanding of how each player's decisions impact the outcome of the game.
The answer you are looking for is C. The type of good being produced. While the type of good may have an effect on the strategies and interactions of the players, it is not one of the core elements required to define a game in game theory. The main focus in game theory is the strategic decisions and outcomes of the players involved, and this can be applied across various scenarios regardless of the specific good being produced.
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ashburn corporation issued 20-year bonds 2 years ago at a coupon rate of 7.2 percent. the bonds make semiannual payments. if these bonds currently sell for 95 percent of par value, what is the ytm?
If the price of these bonds is currently 95% of their par value, The YTM of these bonds is approximately 7.5%.
What is the YTM?
YTM (Yield to Maturity) is the total return expected on a bond if it is held until the maturity date. It is the internal rate of return of the bond, taking into account all coupon payments and the face value of the bond. In this question the answer in the step by step order given below
Calculate the present value of the bond.
The present value of the bond can be calculated by multiplying the face value of the bond (also known as par value) by the current market price of the bond (in this case, 95%).
Present Value = Par Value x Market Price
Present Value = 100 x 0.95
Present Value = 95
Calculate the present value of the coupon payments.
The present value of the coupon payments can be calculated by multiplying the coupon payment amount by the present value of an annuity factor.
The annuity factor can be found using a financial calculator or by using the following formula:
Annuity Factor = [1 - (1/(1+r)^n)] / r
Where r is the interest rate (in this case, 7.2%) and n is the number of payments (in this case, 40).
Annuity Factor = [1 - (1/(1+0.072)^40)] / 0.072
Annuity Factor = 37.3
The present value of the coupon payments can then be calculated by multiplying the coupon payment amount (7.2% of par value) by the annuity factor.
Present Value of Coupon Payments = Coupon Payment Amount x Annuity Factor
Present Value of Coupon Payments = 0.072 x 100 x 37.3
Present Value of Coupon Payments = 267.2
Calculate the YTM.
The YTM can be calculated by solving for the interest rate that makes the present value of the bond equal to the present value of the coupon payments. This can be done using a financial calculator or by trial and error.
For this example, the YTM is approximately 7.5%.
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The roles of ___, ___, and ___ are critical for managers in nonprofit organizations.
The roles of spokesperson, leader, and resource allocator are critical for managers in non-profit organizations.
What are management's responsibilities in non-profit organizations?The four main areas of planning, organizing, leading, and controlling are how management gurus have divided up management's tasks. The management of nonprofits requires special attention to each area.
How are non-profit organizations run?The nonprofit industry, by definition, works toward humanitarian ends. Because they lack formal hierarchies and managerial structures, many nonprofit organizations are loosely structured and frequently volunteer-driven.
Which managers are critical to advancing innovation?Middle managers are essential for fostering innovation and empowering businesses to adapt quickly to changing conditions. a manager who is in charge of a certain project at work that brings together staff from different levels and functions of the company.
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1. Organization charts help managers understand the financial situation of the company.
a. True
b. False
What organizational & technical failures led to the data breach
at Equifax? (Please put where you got your sources from, thank
you!)
The organizational and technical failures that led to the Equifax data breach in 2017 have been extensively discussed and investigated. Sources such as the U.S. House of Representatives Committee on Oversight and Government Reform Report highlight the key failures.
These include the company's failure to patch a known vulnerability in a timely manner, inadequate security practices such as weak passwords and lack of encryption, poor communication and response to the breach, insufficient monitoring and detection systems, and issues with executive leadership and governance.
These failures collectively allowed hackers to exploit vulnerabilities, gain unauthorized access to sensitive data, and compromised the personal information of millions of individuals.
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When the price of chocolate chip cookies increased to $3 per package, Samantha began to buy oatmeal cookies
instead. This situation is an example of the
The supply curve slopes upward because at a higher price, producers have
to produce more.
The price of shirts declines dramatically. Javier now feels richer and buys more shirts than he normally would. This
situation is an example of the
substitution effect The supply curve slopes upward because at a higher price, producers have an incentive to produce more.
Answer: Here go the right answer and I got it right
Explanation:
When the price of chocolate chip cookies increased to $3 per package, Samantha began to buy oatmeal cookies instead. This situation is an example of the substitution effect.
The supply curve slopes upward because at a higher price, producers have an incentive to produce more.
The price of shirts declines dramatically. Javier now feels richer and buys more shirts than he normally would. This situation is an example of the
income effect.
in the adjusted trial balance, the balance of the retained earnings account is its balance at the end of the accounting period—the balance after all revenue, expense, and dividend transactions.
The given statement “In the adjusted trial balance, the balance of the Retained Earnings account is its balance at the end of the accounting period—the balance after all revenue, expense, and dividend transactions” is false as the retaining earnings account in adjusted trial balance is it's beginning balance.
An adjusted trial balance refers to the listing of the account balances in the general ledger after adjusting entries have been made. The adjustments generally include those for prepaid and accrued expenses as well as non-cash expenses. It is completed to guarantee that the period ending financial statements are accurate and in balance.
Retained earnings refers to the amount of profit which is left over after the company pays all its direct costs, indirect costs, income taxes and its dividends to shareholders. Hence, in the adjusted trial balance, the balance of the Retained Earnings account is its beginning balance.
Note: The question is incomplete. The complete question probably is: In the adjusted trial balance, the balance of the Retained Earnings account is its balance at the end of the accounting period—the balance after all revenue, expense, and dividend transactions. True of false.
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according to human resource professionals, what is the most effective source for external recruiting?
According to human resource professionals, employee referrals are the most effective source for external recruiting.
What is external recruiting?
External recruiting refers to the process of hiring new employees from outside the company. It's used when the company can't fill the position with existing employees. In the recruitment process, there are two primary sources of job candidates:
Internal recruiting refers to the hiring of candidates who already work within the company. Employees who are interested in a new job or who have shown promise in their current role can apply for internal vacancies. External recruiting refers to the hiring of new staff from outside the organization.
It's used when the company can't fill the position with existing employees. According to human resource professionals,
what is the most effective source for external recruiting?
According to human resource professionals, employee referrals are the most effective source for external recruiting. They are considered a reliable and cost-effective way to find new talent, as current employees are well-placed to recommend individuals who would be a good fit for the company.
Job candidates who are referred by current employees are often of high quality because they are more likely to have the necessary skills and experience to succeed in the role. Employee referrals are also more likely to be a good fit for the company's culture, which is important for long-term success.
Referrals are not only cost-effective, but they also help to reduce the time and resources spent on screening and interviewing candidates. As a result, employee referrals are preferred by most HR professionals when it comes to external recruiting.
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Which of these is a titled estate? Fee Simple Absolute Fee Simple Conditional Conventional Life Estate and Legal Life Estate.
Fee Simple Absolute and Fee Simple Conditional are examples of titled estate.
Real estate is a term that refers to land and any improvements or buildings on it. When someone owns real estate, they hold what is known as an estate in land. There are different types of estates in land, and one way to classify them is by whether they are titled estates or not.
A titled estate is a type of real estate ownership that grants the owner full and complete legal control over the property. This means that the owner has the right to use the property as they see fit, and can sell or transfer ownership to another party.
Out of the options given, Fee Simple Absolute and Fee Simple Conditional are both examples of titled estates. Fee Simple Absolute is the most common type of estate in land and is the highest form of ownership interest that one can have in a property.
This means that the owner has the right to use and dispose of the property as they see fit during their lifetime, and that ownership rights can be passed on to their heirs upon their death.
Fee Simple Conditional, on the other hand, is a type of titled estate that grants the owner the same rights as Fee Simple Absolute, but with certain conditions or limitations. For example, a property owner may be required to use the property for a specific purpose or to maintain certain conditions in order to retain ownership.
Conventional Life Estate and Legal Life Estate are both types of non-titled estates. In a life estate, the owner only has the right to use the property for the duration of their life, after which ownership reverts to another party. The difference between a conventional and a legal life estate is in the way they are created, with the latter typically established by law or court order.
In summary, a titled estate is a type of real estate ownership that grants the owner full and complete legal control over the property, with Fee Simple Absolute and Fee Simple Conditional being examples of titled estates.
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Click this link to view the OOH educational information for Roofers. According to the OOH, what are some educational, training, certification, or licensing options required or helpful for Roofers? Check all that apply. bachelor’s degrees on-the-job training apprenticeships high-school biology, chemistry, and physics classes high-school math, shop, mechanical drawing, and blueprint-reading classes an associate degree specializing in writing
Answer:
2,3,5
Explanation:
I had the same thing and got it right (one wrong)
Answer:
2 3 5
Explanation:
Which group is legally responsible for implementing
protection and controls that ensure your workplace
meets safety standards?
A. Employers
B. Unions
C. Employees
D. Government
Answer:
A
Explanation:
Answer:
It SHOULD be employers but i may be wrong... if i'm not CAN I PLES HAVE BRAINLYIEST
Explanation:
Also, if i'm right there is no need to thank me unless you want too
In the consumption function, an individual household's consumer spending: a) is positively related to the interest rate. O b) is positively related to its current disposable income. c. is negatively related to its autonomous consumption and its marginal propensity to consume. d) is determined by the accelerator principle.
Option B: In the consumption function, an individual household's consumer spending is positively related to its current disposable income.
The relationship between household consumption and numerous factors is represented by the consumption function. While the impact of the interest rate on borrowing costs and savings can have an indirect impact on consumer spending, there is no direct connection between the interest rate and consumer spending in the consumption function.
The term "autonomous consumption" refers to the basic level of consumer spending that is independent of income. The percentage of additional income that a household decides to spend on consuming is known as the marginal propensity to consume (MPC). Spending by consumers has a favorable relationship with both autonomous consumption and the MPC.
However, the acceleration principle is more of an idea for investment spending than for consumer purchasing. It implies that variations in the pace of aggregate demand growth are what affect investment levels.
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In the consumption function, an individual household's consumer spending is influenced by the interest rate, current disposable income, autonomous consumption, and the marginal propensity to consume.
In the consumption function, an individual household's consumer spending is influenced by several factors.
Firstly, the interest rate plays a significant role. When the interest rate is low, it becomes cheaper for households to borrow money, leading to increased consumer spending. Conversely, when the interest rate is high, borrowing becomes more expensive, and households tend to save rather than spend.
Secondly, the household's current disposable income also affects consumer spending. When disposable income increases, households have more money available for spending, which leads to an increase in consumer spending. On the other hand, when disposable income decreases, households have less money to spend, resulting in a decrease in consumer spending.
Additionally, consumer spending is influenced by autonomous consumption and the marginal propensity to consume. Autonomous consumption refers to the minimum level of consumption that households engage in even when they have no income. If autonomous consumption is high, consumer spending tends to be higher. The marginal propensity to consume represents the proportion of additional income that households spend. If the marginal propensity to consume is high, consumer spending will increase as income increases.
However, the accelerator principle does not directly determine an individual household's consumer spending. The accelerator principle relates changes in consumer spending to changes in investment, rather than being a direct determinant of consumer spending.
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when individuals make deliberate choices about the media they expose themselves to, they are considered what type of consumers?
People are seen as active consumers when they consciously choose the media they expose themselves to.
A consumer who has made at least one purchase of goods from a business entity within a year is considered an active customer.
In relation to an Aggregation Service Company, an "Active Consumer" is defined as a Consumer who uses the Aggregation Service Company's services to pay at least one household bill during the applicable calendar month.
To ensure quality, promote best practices, and keep services focused on how to best support positive outcomes for individuals, consumer input is crucial. State and federal criteria include participation to guarantee that services uphold our rights to human dignity and safe, dependable assistance.
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answers for question 12!!!!
Answer:
i think it may be A
Explanation:
Culture, demand and competition impose saturation limits above which no amount of advertising spending can increase sales. True or false.
True that culture, demand, and competition impose saturation limits above which no amount of advertising spending can increase sales.
It is true that culture, demand, and competition impose saturation limits above which no amount of advertising spending can increase sales. Advertising can help increase brand awareness, familiarity, and preference among consumers, but there comes a point where the market becomes saturated, and additional advertising spending does not lead to significant increases in sales. The saturation limit may vary depending on the product or service, the industry, and the target audience. Therefore, it is crucial for businesses to understand their market and determine the optimal advertising budget to achieve their sales goals.
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A survey was conducted to determine whether a charging station needs to be built in a community. 73% of all the residents in the community favored building the charging station. If 14 residents are chosen, find the probability that exactly 8 of them favor the building of the charging substation.
In a study to ascertain whether a charging station is required in a community, 73% of all inhabitants supported the construction of the charging station. The probability that exactly 8 of them favor the building of the charging substation is 0.2279.
We have to find the probability of exactly 8 people in the sample of 14 people who favor building the charging station. The given probability is a binomial distribution problem where,
n = 14 (number of trials)p = 0.73 (probability of success)
favour = 8 (number of favorable outcomes)
The probability of exactly k successes in n independent Bernoulli trials is given by the formula:
P(k) = nCk * pk * (1-p)n-k
Where nCk is the binomial coefficient.
In this case, the probability of exactly 8 of them favor building the charging substation is:
P(8) = 14C8 * (0.73)8 * (1-0.73)14-8= 3003 * 0.73^8 * 0.27^6≈ 0.2279
Therefore, the probability that exactly 8 of them favor the building of the charging substation is approximately 0.2279.
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What is cash flow?...................................
Answer:
Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company's ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow
Explanation:
Based on the details of the scenario, determine what will most likely occur. Jillian and Chase are making a contract in which Jillian ships beaver pelts to Chase, who then makes the pelts into hats to sell. A year into their contract, it becomes illegal to buy or sell beaver pelts in the U.S.
Answer: Contract is voided
Explanation:
From the question, we are informed that Jillian and Chase are making a contract in which Jillian ships beaver pelts to Chase, who will then makes the pelts into hats to sell.
We are further told that a year into their contract, it becomes illegal to buy or sell beaver pelts in the United States. Based on the scenario explained, the contact will be voided.
A void contract is referred to as a formal agreement that cannot be enforceable and is not legitimate. Since it is illegal to either purchase or sell beaver pelts, it means that the context cannot be carried out anymore and should the be void.
Nathan wants a formula to return "YES" if the value in cell A1 is less than the value in cell B1, and to return "No" otherwise. Which of the following functions should he use?
Answer:
IF function
Explanation:
The options to the question are missing; however, I'll assume the question related to Microsoft Office Excel.
To do the task in the question, Nathan can only make use of the IF function.
This is so, because the question relates to conditional statement.
The full if statement is:.
=IF(A1 < B1, "YES","NO")
what is the standard tax deduction for senior citizens in 2021?
Answer:
Taxpayers who are at least 65 years old or blind can claim an additional 2021 standard deduction of $1,350 ($1,700 if using the single or head of household filing status). For anyone who is both 65 and blind, the additional deduction amount is doubled.
how long does it take for tax refund to show in bank account after approved
Answer:
Assuming no issues, IRS issues tax refunds in less than 21 calendar days after IRS receives the tax return. IRS has an on-line tool, "Where's My Tax Refund", at www.irs.gov that will provide the status of a tax refund using the taxpayer's SSN, filing status, and refund amount.
Explanation:
at a fast-food restaurant we might observe the law of diminishing marginal returns because
At a fast-food restaurant, we might observe the law of diminishing marginal returns because of the following reasons:1.
Production Capacity: Fast-food restaurants have a finite production capacity, including limited kitchen space, staff, and equipment. As more workers or resources are added to the production process, there is initially an increase in output. However, beyond a certain point, adding more workers or resources may lead to overcrowding, congestion, or inefficiencies, resulting in diminishing returns. For example, adding too many employees to a small kitchen can lead to reduced productivity and slower service.
2. Time Constraints: Fast-food restaurants typically aim to provide quick service to meet customer demands. There is a limited amount of time available to prepare and serve each order. Initially, as more workers or resources are allocated to the production process, the output may increase. However, beyond a certain point, adding more resources may not significantly speed up the production process, leading to diminishing marginal returns
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Help ASAP!!!! most possible answer
Answer:
The administration prosses a public and and AVAILIBLE TO ANYONE to review.
Explanation:
That is the most open administration because its available to anyone-(the public).
explain the role perception plays in communication in the workplace
Perception refers to the process through which individuals interpret and make sense of sensory data from their environment. Perception is a crucial aspect of communication in the workplace because it influences how individuals interpret and respond to messages. It can influence the way that people understand a message, the way they interpret nonverbal cues, and the way they respond to various situations. In the workplace,
perception plays an essential role in communication because people who have different perceptions of a situation will have different reactions. For example, if a manager is perceived as friendly, then employees may be more likely to approach that person with questions or concerns. Conversely, if the manager is perceived as unfriendly, employees may avoid interaction with that person and look for other ways to address their issues.Perception also plays a role in communication when it comes to nonverbal cues. Nonverbal cues such as facial expressions, tone of voice, and body language can all influence how a message is perceived. For example, if a speaker is delivering a message with a monotone voice and expressionless face, the listener may perceive the message as boring or unimportant.
On the other hand, if the speaker delivers the same message with a lively tone and animated facial expressions, the listener may be more engaged and perceive the message as important. Perception can also influence how people respond to different situations. For example, if an employee is constantly being praised by their manager, they may perceive that their work is valuable and important. This can lead to increased motivation and job satisfaction. Conversely, if an employee is consistently criticized, they may perceive that their work is not valued, and this can lead to decreased motivation and job satisfaction.In conclusion, perception plays a vital role in communication in the workplace. It influences how people interpret messages, how they respond to nonverbal cues, and how they respond to different situations. To be effective communicators in the workplace, individuals must be aware of their own perceptions and those of others and strive to understand and communicate effectively with others despite any potential differences in perception.
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The uses and gratification approach emphasizes that consumers:.
Answer:
are more likely to be excited to buy your product
Explanation:
the uses and gratification mean that you are proud and/or excited about something which in this case would be buying the product.
while the five process groups are typically completed in order, they often overlap with each other throughout the project. which two process groups do not overlap unless a project is canceled?
The five process groups in project management are initiation, planning, execution, monitoring and controlling, and closing.
While they are typically completed in order, they can overlap with each other throughout the project. This is because project management is a dynamic and iterative process, and each process group may require revisiting and refining as the project progresses.
However, there are two process groups that do not overlap unless a project is canceled. These are the initiation and closing process groups. Initiation is the first process group, where the project is defined, stakeholders are identified, and a business case is developed. Once the project is initiated, the planning process group follows, where the project plan is developed in detail.
Execution is the next process group, where the actual work of the project is carried out. Monitoring and controlling follows, where the project progress is tracked and corrective actions are taken if necessary. Finally, the closing process group is where the project is formally closed out and evaluated.
Initiation and closing are distinct from the other process groups because they are more focused on the project's bookends rather than its day-to-day operations. Initiation sets the foundation for the project, and closing brings it to a conclusion. While there may be some overlap between initiation and planning or between closing and monitoring and controlling, these two process groups are generally not completed concurrently unless a project is canceled.
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Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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which of the following procedures would an auditor most likely include in establishing the overall audit strategy of a financial statement audit? a. Obtain an understanding of the entity's risk assessment process
b. Identify specific internal control activities designed to prevent fraud
c. Evaluate the reasonableness of the entity's accounting estimates
d. Perform cutoff tests of the entity's sales and purchases
An auditor would most likely include " A) Obtain an understanding of the entity's risk assessment process" procedure in establishing the overall audit strategy of a financial statement audit.
What is an auditor?An auditor is an independent public accounting firm or an individual auditor who examines the financial statements of a company to ensure that the financial statements are prepared in accordance with applicable financial reporting standards.Audit strategy can be defined as the overall approach and direction of the audit.
Before beginning the audit, the auditor should establish an audit strategy. The audit strategy should be established to ensure that the audit is performed in a structured and systematic manner. The audit strategy should be tailored to the specifics of the audit to ensure that the audit is effective and efficient.
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Paulette, Camille, and Hortense each own wineries in France. They produce inexpensive, mass-market wines. Over the last few years, such wines sold for 7 euros per bottle, but with a global recession, the price has fallen to 5 euros per bottle. Given the information below, calculate each winemaker's profit. Winemaker Fixed Costs Variable Costs Recession Revenues Profits Paulette 50,000 80,000 120,000 Camille 100,000 40,000 70,000 Hortense 200,000 250,000 200,000
The each winemaker's profit is 70000 and -250000 for Camille and Hortense respectively and Paulette's profit is - 10000.
Profit is the amount that the company earns over the cost of the production they have used in the business
Elaborating:For Paulette it is 120000-50000-80000= -10000
So this is calculated by deducting fixed and variable cost from revenue
Same will be for other two mentioned.
-70000 and -250000 for Camille and Hortense respectively
Variable costs:Costs that fluctuate in response to changes in the quantity of a product or service produced by a company are referred to as variable costs.The sum of marginal costs for all units produced constitutes variable costs. They can also be regarded as standard expenses. The total cost is made up of two parts: fixed costs and variable costs.
Costs that do not change when production or sales volumes increase or decrease are known as fixed costs. This is on the grounds that they are not straightforwardly connected with assembling an item or conveying a help. Consequently, fixed costs are regarded as indirect costs.
Question incomplete:Paulette, Camille, and Hortense each own wineries in France. They produce inexpensive, mass-market wines. Over the last few years, such wines sold for 7 euros per bottle, but with a global recession, the price has fallen to 5 euros per bottle. Given the information below, calculate each winemaker's profit. Winemaker Fixed Costs Variable Costs Recession Revenues Profits Paulette 50,000 80,000 120,000 Camille 100,000 40,000 70,000 Hortense 200,000 250,000 200,000
A. Paulette -10,000, Camille = -70,000, Hortense = -250,000
B. Paulette 40,000, Camille = 30,000, Hortense = -50,000
C. Paulette 70,000, Camille = -30,000, Hortense = 0
D. Paulette = 90,000, Camille = 10,000, Hortense = 150,000
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