The maximum allowable shortage is 224. Hence, option (a) can be considered as the relevant answer.
Give a brief account on Economic Order Quantity.Economic Order Quantity (EOQ), often referred to as Economic Buying Quantity (EPQ), is the order quantity used in inventory management that minimises both total holding costs and ordering expenses. It's one of the earliest forms of conventional production scheduling. Only when a product's demand is steady throughout the year and every new order is fully fulfilled when the inventory level drops to zero does EOQ apply. No matter how many units are ordered, each order has a fixed cost; orders are considered to contain just one item. There is also a charge for each unit kept in storage, which is known as the holding cost and is occasionally represented as a percentage of the item's purchase price. Although the EOQ formulation is simple, there are other considerations to take into account when applying it, such as transportation costs and quantity discounts.
To solve the question :
D = 2500 units / year
S = $500 / order
H = $50 / unit / year
n = 300 days
LT = 12 days
EOQ = √2DS/H
= √2 × 2500 × 500 / 50
= 223.60 = 224
Hence, the maximum allowable shortage is 224.
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Final Assessment: Question 1 of 10
Which of the following is NOT one of the Principles of the Global
Principles of Business Conduct (Global Code)?
Select the best answer.
? Professional development and support
? Social responsibility
? Respect, diversity, and fair treatment
?) Accountability
Respect, diversity, and fair treatment are NOT one of the Principles of the Global Principles of Business Conduct. Thus option C is correct.
What is the global code of the product?A defined set of guidelines for our professional behavior is provided through our global code of conduct. It offers the moral and social guidelines as to which we based our informed decision. All of what we do is supported by the Code, which is rooted in our values and principles.
The Global Business Standards do not list the Self-Respect Principle as one of their leading concepts. There are a number of fundamental ethical precepts on which there is broad agreement, including honesty, honoring promises, avoiding harm, helping those who are in need, respecting human and civil rights, and ideals of justice and equality. Therefore, option C is the correct option.
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in kaluli society, men and women have a clear division of labor. women tend gardens, look after pigs, hunt, and gather, while men:
In Kaluli society, men and women have a clear division of labor. women tend gardens, look after pigs, hunt, and gather, while men use their networks of reciprocity to organize labor-intensive activities.
labor is any planned movement humans have interaction in to aid their very own needs, the ones of others, or the necessities of a bigger community. Work may be understood withinside the context of economics as human hobby that contributes to the commodities and offerings interior an economy.
Work is important to all communities, however it may range significantly inside and throughout them, from manually acquiring herbal sources to the usage of state-of-the-art era that cast off the want for lots humans to exert bodily or maybe intellectual effort. All however the handiest responsibilities additionally name for a selected set of abilities, sources, and tools.
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identify and explain limiting factors (density-dependent and density-independent), population growth, and growth curves.
A population's per capita growth rate changes—typically declines—with rising population density due to density-dependent limiting constraints.
What is limiting factor?Different growth patterns are produced by factors that depend on density to control population expansion. Others have diminishing patterns, while others have S-shaped growth patterns.
A population of elephants living in a forest can be used as a basic example to show population dynamics and the impact of density-dependent factors.
Examples of limiting factors that depend on density include:
Negative association-Predation: Predators are drawn to populations with lots of people in them.
Competition between individuals belonging to the same community is known as negative association-intraspecific competition.
Negative association - parasitism: This condition results from the host-parasite relationship, which develops in a population of more people.
Production of toxic (waste) materials: In a population of many people, toxic waste materials build up and impede each person's ability to grow and reproduce.
Thus, these are some of the limiting factors.
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. terms of trade suppose that france and austria both produce rye and shoes. france's opportunity cost of producing a pair of shoes is 5 bushels of rye while austria's opportunity cost of producing a pair of shoes is 11 bushels of rye. by comparing the opportunity cost of producing shoes in the two countries, you can tell that has a comparative advantage in the production of shoes and has a comparative advantage in the production of rye. suppose that france and austria consider trading shoes and rye with each other. france can gain from specialization and trade as long as it receives more than of rye for each pair of shoes it exports to austria. similarly, austria can gain from trade as long as it receives more than of shoes for each bushel of rye it exports to france. based on your answer to the last question, which of the following terms of trade (that is, price of shoes in terms of rye) would allow both austria and france to gain from trade? check all that apply. 9 bushels of rye per pair of shoes 2 bushels of rye per pair of shoes 1 bushel of rye per pair of shoes 10 bushels of rye per pair of shoes
France has a comparative advantage when it comes to wine production. When it comes to producing rye, Austria has a competitive edge.
What exactly does trade in business mean?Any action conducted to generate income from the sale of goods or the provision of services falls under the definition of commerce or business. It is not restricted to integrated averages of resources, operations, and goodwill that constitute businesses for the purposes of other Internal Revenue Code sections.
What is the primary reason for trade?Trade is crucial for maintaining a competitive and globalized economy because it promotes innovation and supports the specialization of markets while also driving down international pricing for goods. Exposure to services and goods that might be cheaper and of greater quality than their domestic alternatives is another benefit of being able to trade.
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Suppose the production of DVDs generates sulfur dioxide, an air pollutant. Then the market price for DVDs:
a. is less than the marginal cost to society of producing DVDs
b. is more than the marginal cost to society of producing DVDs
c. equals the marginal cost to society of producing DVDs
d. may be more than, less than, or equal to the marginal cost of society producing DVDs
D. The market price for DVDs may be more than, less than, or equal to the marginal cost to society of producing DVDs.
This is because the market price of a DVD does not take into account the externalities associated with its production, such as the cost of emitting sulfur dioxide. The marginal cost to society of producing a DVD takes into account the externalities, including the cost of air pollution.
If the cost of air pollution is higher than the market price of the DVD, then the marginal cost to society of producing the DVD will be higher than the market price. Conversely, if the cost of air pollution is lower than the market price of the DVD, then the marginal cost to society of producing the DVD will be lower than the market price.
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Rashid retired from active duty in 2020 and began taking disbursements from the traditional thrift savings plan (TSP). His contributions over the years included $12,000 of combat pay. Which of the following statements are True about his distributions?
A)All his distributions are now nontaxable because the contributions were made post-tax.
B)The $12,000 he contributed and the earnings from that money are tax-exempt; his other contributions and earnings are taxable.
C)All his distributions are now taxable because the contributions were made pre-tax.
D)The $12,000 he contributed will not be taxable when it is distributed, but the other contributions and all his earnings are taxable.
In 2020, Rashid left the military and started receiving payments through the conventional thrift savings plan (TSP). His pre-tax contributions over the years included $12,000 in battle pay; hence, (c) all of his distributions are now taxable.
What is the difference of taxable and non-taxable?Unless specifically exempted by law, any amount that is included in your income is typically subject to taxation. Taxes must be paid on taxable income, which must be recorded on your return. Even though it is not taxable, nontaxable income may need to be reported on your tax return. The amount remaining after subtracting TDS and any other appropriate deductions is the tax amount you owe the Income Tax Department. If your entire income is less than £250,000, you are exempt from paying income tax. You must pay income tax based on your income band if you earn more than 2,50,000.
What does non-taxable mean?Nontaxable income won't be taxed regardless of whether you report it on your tax return or not. The IRS considers the following items to be nontaxable: Bequests, gifts, and inherited property. rebates in cash for goods you buy from a store, manufacturer, or dealer. The required minimum income varies by age and filing status. For single filers who are younger than 65 in 2022, the required minimum income is $12,950. If your income falls below that threshold, you normally do not have to file a federal tax return. For a complete list of filing ages and statuses, see below.
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Which of the following accurately describes the difference between how open market operations are used in a banking system with limited reserves compared to a banking system with ample reserves?
Open market operations are used to maintain adequate reserves in a banking system with large reserves
They are used to indirectly affect the nominal interest rate in a banking system with low reserves by altering the money supply. The Federal Reserve uses open market operations (OMOs), which are central banks' purchases and sales of assets on the open market, as a key tool for carrying out monetary policy.
The Federal Open Market Committee establishes the short-term goal for open market operations (FOMC).
In order to keep the federal funds rate, which is the interest rate at which depository institutions lend reserve balances to other depository institutions overnight, close to the target set by the FOMC before the global financial crisis, the Federal Reserve used OMOs to modify the supply of reserve balances.
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Wyman corporation uses a process costing system. the company manufactured certain goods at a cost of $880 and sold them on credit to percy corporation for $1,235. the complete journal entry to be made by wyman at the time of this sale is:
The journal entry to be made by Wyman Corporation at the time of the sale is as follows:
Debit: Accounts Receivable (Percy Corporation) $1,235
Credit: Sales $1,235
Credit: Cost of Goods Sold $880
The first thing to note is that the sale was made on credit, so Accounts Receivable are debited for the full sale amount of $1,235. This is because the company has not yet received payment from Percy Corporation and therefore the amount is still owed to them.
The second part of the entry is to credit the Sales account for the same $1,235, as this account will be used to track the amount of money generated from sales.
The last part of the entry is to credit the Cost of Goods Sold account for $880, as this account will be used to track the cost of the goods that were sold to Percy Corporation. This amount is subtracted from the sale amount to calculate the company's profits.
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Michelangelo. Raphael, Leonardo, and Donatello have decided to terminate their partnership. The partnership's balance sheet at the time they decide to wind up is as follows Duning the winding up of the partnership, the other assets are sold for
$160,000
, and the accounts payable are paid. Michelangelo and Donatello Complete the Statement of Partnership Realization and Distribution on the following page Show calculations below.
The complete statement amount of partnership realization and distribution is $400,000
Michelangelo 's = $45,000
Rapheal's = $30,000
Leonardo's = $15,000
Donetello's = $60,000
PARTICULAR AMOUNT PARTICULAR AMOUNT
Noncash assets. $300,000 Accounts payable $100,000
Cash (Account payable)$100,000 Cash (assets sold) $150,000
Loss transferred to partner's capital accounts:
Michelanglo $45,000
Rapheal $30,000
Leopardo $15,000
Donatello $60,000
TOTAL $400,00 TOTAL $400,000
LOSS TRANSFERRED TO PARTNER'S CAPITAL ACCOUNT:
Ratio of profit or loss = 3:2:1:4
Loss on realization = $150,000
Michelangelo's share of loss = 150,000 x 3/10 = $45,000
Rapheal's share of loss = 150,000x2/10 = $30,000
Leonardo's share of loss = 150,000 x 1/10 = $15,000
Donatello's share of loss = 150,000 x 4/10 = $60,000
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Kameko, the CEO of an oil drilling company, and her top management team recently discovered that their facilities are damaging a beach in Asia and the local Wildlife Apply Bagley ethical decision tree to help Komeko decide temporarily closing or not doing the facilities is the right thing to do Assumingitis legal to close the facilities, which of the following would you advise Kameko when she asks you. Should we close the facilities?" Mr Choice Yes, close the facts because not taking action would be unethical Yes, close the facilities because stopping business maximizes shareholder value No, keep the foliis open because that maxines shareholder value No, keep the facilities open because environmental damage is not a big deal
Yes, shut down the facilities since delaying would be unethical is the proper response.
What does the term "company" mean?A organization is a legal person that a group of people to conduct and manage a business venture, whether it be corporate or industrial. Depending here on corporate legislation of its country, a corporation may be set up in a variety of ways including tax and financial responsibility reasons.
Briefing:It is immoral to take no action after evaluating the damages done to the environment, as per Bagley's ethical decision tree. It is advised to temporarily shut down the amenities and make the necessary preparations so that the beach and animals are not harmed even if the amenities are open. Even harming the infrastructure and keeping them open still wouldn't enhance shareholder profit. The wisest course of action is to shut the facility.
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T/F in the tuckman model, storming occurs when team members have different opinions for how the team should operate.
In the Tuckman model, storming occurs when team members have different opinions for how the team should operate is true.
Describe Tuckman's Theory.Psychotherapist Bruce Tuckman originally put forth Tuckman's idea in 1965. The five stages of team development were listed as follows: forming, storming, norming, performing, and adjourning. These phases are said to last from the first group meeting until the project is completed.
Why is the Tuckman model used?Tuckman's Model: Importance. The model describes how a team's maturity and capacity grow, and relationships form as a leader's style shifts. The development of groups is explained by Tuckman's hypothesis. It helps prepare people for group work and helps them reach their maximum potential.
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T/F the scheduler establishes the order in which the operations within concurrent transactions are executed.
The scheduler establishes the order in which the operations within concurrent transactions are executed is true.
How Do Transactions Work?An agreement that has been fulfilled between a buyer and a seller to trade goods, services, or financial assets in exchange for cash is referred to as a transaction. In corporate accounting, the phrase is also frequently used.
A cash transaction is what?A cash transaction is when you pay for something with cash right away. A few days may pass before the trade settles, yet some market stock transactions are still regarded as cash transactions. Futures contracts are not thought of as cash transactions.
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Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables.
April 1Sold merchandise on account to Jim Dobbs, $9,600. The cost of goods sold is $6,400.
June 10Received payment for one-third of the receivable from Jim Dobbs and wrote off the remainder.
Oct. 11Reinstated the account of Jim Dobbs and received cash in full payment.
If an amount box does not require an entry, leave it blank.
April 1
April 1
June 10
Oct. 11
Oct. 11
The transactions sold merchandise on account to Jim Dobbs, $9,600, the cost of goods sold is $6,400 are journalised below.
Give a brief account on account receivables.The term "accounts receivable," also regarded as "AR" or "A/R," refers to legally enforceable claims for payment that are held by a business for goods or services that have been given upon request from customers but have not yet been paid for. They typically take the form of invoices that companies produce and send to clients for payment within set time constraints. Accounts receivable is a balance sheet item that represents an asset.It is one of several accounting transactions that deal with charging a customer for the goods and services they have requested. These can be differentiated from notes receivable, which are debts made through formal legal documents called promissory notes.
To solve the question :
Date Particulars Debit Credit
April 1 Account receivable-
Jim Dobbs A/c Dr. $9,600
To Sales A/c $9,600
(To record sale of merchandise
on account to Jim Dobbs)
April 1 Cost of goods sold A/c Dr. $6,400
To Merchandise Inventory A/c $6,400
(To record cost of goods sold)
June 10 Cash A/c Dr.
(1/3 of Inventory sold = 1/3 × $9,600) $3,200
Allowance for doubtful
accounts (Bad debts) A/c Dr.
($9,600 - $3,200) $6,400
To Account Receivable
Jim Dobbs A/c $9,600
(To record Received payment
for 1/3 of the receivable
and wrote off the remainder )
Oct. 11 Account Receivable- Jim Dobbs A/c Dr. $6,400
To Allowance for doubtful accounts A/c $6,400
(To record the reinstating
Account of Jim Dobbs)
Oct. 11 Cash A/c Dr. $6,400
To Account Receivable - Jim Dobbs A/c $6,400
(To record cash collection in full payment )
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a contract of selling merchandise with the condition that title will remain with the seller until the purchase price has been paid is a:
A conditional sales contract is a means to sell goods with the restriction that title will go to the buyer up until the full payment of the purchase price.
Explain about the sales contract?A sales contract between a buyer and a seller is a binding legal document. The document contains information on the transaction in detail, as well as terms of sale and detailed descriptions of the goods or services. A strong sales contract should make it clear to both parties of their rights and responsibilities throughout a transaction.
Because it details the precise items or services that the buyer is paying for, this is often the most crucial part of a sales contract. For this reason, essential information about a product, such as the model number, should be included.
A legally binding and enforceable agreement is a valid contract. All parties are obligated by law to carry out the terms of a valid contract.
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sales personnel employed by companies, such as ibm and microsoft, who offer technical assistance through consulting in order to promote goodwill for their employers are primarily involved in .
Sales personnel employed by companies, such as IBM and microdot, who offer technical assistance through consulting in order to promote goodwill for their employers are primarily involved in missionary Selling.
What comes first in the process of creating a marketing strategy?Beginning a Marketing Strategy
Establish goals. Start by establishing marketing goals.
Conduct research. Your marketing plan decisions will be influenced by the market research you conduct.
Make choices.
Put it in writing.
Summary.
Which of the following is a part of the marketing quillet's four Ps?The marketing mix's four Ps are: product, pricing, promotion, and place.
Which of the following factors influencing purchasing behavior is psychological?Consumer behavior is influenced by four psychological factors: attitude or belief system, motivation, perception, and learning.
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on march 15, viking office supply agrees to accept $1,200 in cash along with a $2,800, 60-day, 15 percent note from one of its customers to settle his $4,000 past-due account.
-$1,200 in credit cash -$2,800 in credit notes receivable -$4,000 in debit accounts receivable On March 15, Viking Office Supply agreed to take $1,200 in cash and a $2,800, 60-day payment plan.
Viking Direct, business as Viking, is a British office supplies mail order catalogue firm and a division of Office Depot Europe. Its headquarters are in Leicester, England. Viking, which was founded in Los Angeles, California in 1960, now operates in over eleven nations and employs 1,300 people in the United Kingdom. The company sells office products to small and medium-sized businesses via mail order. Viking started as a tiny office supply company in Los Angeles, California in 1960. Rolf Ostern started the business on January 7, 1960. Ostern complemented the retail operation with a catalogue, which would become the company's principal marketing tool.
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scientific management did which of the following?O decreased productivity O increased the monotony of work O gave workers control O over how they did their jobs was readily accepted by workers
Scientific management b) increased the monotony of work.
Federick W. Taylor was the first to promote scientific management, sometimes referred to as Taylorism. In order to boost productivity, it employs scientific techniques to examine the most effective production process.
According to Taylor's scientific management theory, it is the responsibility of workplace managers to create the best production system in order to maximize economic efficiency.
Taylorism was the earliest type of scientific management, despite the fact that the phrases "scientific management" and "Taylorism" are frequently used interchangeably.
The scientific management philosophy places a strong emphasis on personal effectiveness and productivity. Scientific management theory encouraged specialization, which led to repetitious and boring work. Increased boredom at work is the answer to this question.
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The following assets in Jack’s business were sold in 2017: Asset Holding Period Gain/(Loss) Office Equipment 6 years $1,100 Automobile 8 months ($ 800) ABC Stock (capital asset) 2 years $1,400 The office equipment had a zero adjusted basis and was purchased for $8,000. The automobile was purchased for $2,000 and sold for $1,200. The ABC stock was purchased for $1,800 and sold for $3,200. In 2017 (the year of sale), Jack should report what amount of net capital gain and net ordinary income? a. $1,700 LTCG. b. $600 LTCG and $300 ordinary gain. c. $1,400 LTCG and $300 ordinary gain. d. $2,500 LTCG and $800 ordinary loss. e. None of the above.
Jack needs to provide his net ordinary income and net capital gain amounts is $1,400 LTCG and $300 ordinary gain.
How do capital gains and ordinary income differ?Simply stated: Wages, tips, and interest income are typical examples of ordinary income. When you sell a capital asset, such as a stock, house, condo, or apartment, for more than its original cost or taxable basis, you make a profit.Capital gain over the long term (LTCG) = $1,400. Normal gain equals the sum of the gains and losses on office equipment and autos. Average gain = 1,100 Plus (800).At the federal, state, and local tax rates, ordinary income is taxed. By investing in an asset and then selling it for more than you paid for it, you can generate capital gains. For instance, you might buy a building and sell it for more money later.To learn more about Net ordinary income refer to:
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The actual inventory holding cost incurred by an item depends on how long it actually spends in inventory. True or False ? Explain.
Inventory Holding Costs
Inventory Holding Costs are the costs that businesses have associated with storing inventory. They include the cost of financing, insuring, risk of loss and obsolescence, space used, logistics, handling, depreciation. It is important for companies to know their inventory holding costs so they can optimize it and make informed business decissions.
Within a single supply chain, inventory holding expenses are measured as a portion of overall inventory expenses. The cost of inventory loss, depreciation, labor, shipping, and warehousing is included.
How may the price of keeping inventory be calculated?Determine your storage, employee salaries, inventory depreciation, and opportunity expenses before you can evaluate the costs of holding your inventory. The total of your annual inventory value is equal to the sum of these sums. Your inventory holding cost is the resulting figure, given as a percentage.
Are there expenses associated with keeping inventory in storage?A company's carrying cost is the sum it pays keeping inventories on hand over time. It is the price of owning, retaining, and stocking the products.
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When considering triple-bottom-line accounting, currently most businesses measure
A. the economic impact of their activities and ignore the social and environmental.
B. their market share in economic terms but not social or environmental terms.
C. economic and environmental impacts, but not their social impacts.
D. none of their impacts, because economic measures are aggregated.
When considering triple-bottom-line accounting, currently most businesses measure their market share in economic terms but not social or environmental terms. So, the correct answer is Option B. Their market share in economic terms but not social or environmental terms.
According to the triple-bottom-line approach, businesses should give social and environmental concerns the same amount of consideration as they do financial ones.
According to TBL theory, a business cannot accurately account for all costs of conducting business if it only focuses on economics and ignores how it interacts with its stakeholders on a social level.
TBL suggests that businesses should focus on these three bottom lines concurrently:
Profit: The profit and loss (P&L) account is the conventional way of measuring a company's profit.
People: This gauges how socially conscious a company has been over the years.
Planet: This assesses a company's environmental stewardship.
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Which of the following represents an infrastructural factor that firms must consider when selecting an FDI location?
A) size and growth of national market
B) political stability
C) availability and quality of local manufacturing
D) stability of currency
C) availability and quality of local manufacturing represents an infrastructural factor that firms must consider when selecting an FDI location
A person who temporarily lives and/or works outside of their place of citizenship for professional reasons is referred to as an expatriate. Another way to describe it is as a person who moved from their nation of origin to another permanently or for a prolonged period of time. An allowance is a predetermined amount of money given by employers to employees to cover expenses above and beyond basic wage. It can also be described as an amount that is allowed or permitted in accordance with some quality rules or for a particular purpose.
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The two major newspapers in the city, Daily Voice and Town Herald, are considering whether to raise the subscription price. The first entries in the matrix above show the profits of Daily Voice, and the second entries show the profits of Town Herald. Which of the following is consistent with the above payoff matrix. O "Do not change subscription price" is a dominant strategy of Daily Voice O "Increase subscription price" is a dominant strategy for Town Herald O "Increase subscription price" is a dominant strategy for Daily Voice O "Do not change subscription price" is a dominant strategy of Town Herald O There are no dominant strategies in the above payoff matrix
There are no dominant strategies in the above payoff matrix consistent with the mentioned payoff matrix. Hence, option (e) can be regarded as the relevant choice of answer.
Give a brief account on payoff matrix.In game theory, a payoff matrix is a table where one player's strategies are written in rows and the other player's strategies are stated in columns. The cells in the matrix show the rewards for each player, with the row player's rewards appearing first. A player's incremental gain, profit, or loss, depending on whether they execute their strategy in response to the other player's strategy, is the game's payoff. The outcome is based on the game's circumstances. Businesses who are deciding on their advertising budgets, for instance, are concerned with their revenue, whereas businesses that are making new investments in machinery and plant are looking to determine their rate of return. Because it condenses the necessary data and enables us to assess whether a dominant strategy and/or Nash equilibrium exist, a payoff matrix is a crucial tool in game theory. It can be used in oligopoly models, among others.
To solve the question :
a) Payoff matrix
Do Not Change Increase Subscription
Subscription Price Price
Do Not Change Subscription
Price $500 $400 $200 $700
Increase Subscription Price $600 $300 $300 $100
The Daily Voice and Town Herald are the players in the matrix payoff game.
b) In this matrix, there isn't a dominant strategy that unquestionably benefits Daily Voice or Town Herald. If one party constantly benefits from a specific strategy, regardless of the plan the other party choose, then that strategy is said to be dominant.
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The complete question is mentioned below :
Do Not Change Subscription Price Increase Subscription Price
DailyVoice Do Not Change Subscription Price $500, $400 $200, $700
Increase Subscription Price $600, $300 $300, $100
The two major newspapers in a city, Daily Voice and Town Herald, are considering whether to raise the subscription price. The first entries in the matrix above show the profits to Daily Voice, and the second entries show the profits to Town Herald. Which of the following is consistent with the above payoff matrix?
a. Do Not Change Subscription Price is a dominant strategy forDaily Voice.
b. Do Not Change Subscription Price is a dominant strategy forTown Herald.
c. Increase Subscription Price is a dominant strategy forDaily Voice.
d. Increase Subscription Price is a dominant strategy forTown Herald.
e. There are no dominant strategies in the above payoff matrix
suppose that the banking system in an economy has ample reserves, and the economy has entered a recession. which of the following is a monetary policy action the central bank can take to restore full-employment output in the short run? responses selling government bonds selling government bonds decreasing government spending decreasing government spending decreasing administered interest rates decreasing administered interest rates increasing the policy rate increasing the policy rate increasing the required reserve ratio
The monetary policy action the central bank can take to restore full-employment output in the short run is decreasing administered interest rates. Option (c) is correct.
Reduced discount rates will encourage commercial banks to take out new loans and borrow money from the central bank, increasing the amount of money in circulation. This is a form of expansionary monetary policy. By lowering nominal interest rates and raising interest-sensitive spending, increasing the money supply will help the economy return to full employment.
Therefore, Option (c) is correct.
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In 2021, David, age 66, had adjusted gross income of $32,000. During the year he paid the following medical expenses Prescription medicines Doctors Medical care insurance Over-the-counter hair growth tonic $200 $2,500 $1,400 $250 What amount can David deduct as medical expenses (after the adjusted gross income limitation) in calculating his itemized deductions for 2021? O a. $1,700 O b. None of these is correct O c. $4,100 Od.s0 O e. $900
Therefore, David can deduct (a) $1,700 as medical expenditures when figuring his itemized deductions for 2021.
What do you mean by the income?The amount of money, property, and other transfers of value obtained over a predetermined period of time in return for services or goods are often referred to as "income." There is no single, accepted meaning of income; rather, it depends on the context in which the term is used. Income is the money received by an individual or organisation in exchange for labouring, producing a good or service, or using capital. While businesses often make money by selling goods or services for more than it costs to produce them, people typically earn money through wages or salaries.
What are sources of income?In a straightforward economy, there are only two sources of revenue. the corporate sector, and the latter, the household sector. respectively. These get money through trading with one another. The home sectors possess the production factors and provide them to the businesses. Earned income includes things like wages, salaries, commissions, and tips. Potential passive or unearned income sources include limited partnerships, rental properties, and royalties. Investment income can come in the form of interest, dividends, or capital gains on assets.
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true or false: when a monopsonist pays a higher wage to attract an additional worker it must then pay that new higher wage to all the workers it is currently employing as well.
Answer:
False. When a monopsonist pays a higher wage to attract an additional worker, it does not necessarily have to pay the new higher wage to all the workers it is currently employing. The monopsonist may choose to only pay the higher wage to the new worker and not to the workers it is currently employing.
David Davis is reviewing a capital budgeting proposal from TA, Inc. TA is considering investing in a new machine. The details of the proposal are as follows: . O The machine costs $460,000 and installation costs $40,000. O The machine will be depreciated using the straight-line method to zero over a five-year life. O During the life of the machine, an inventory investment of $80,000 is required. O The machine is expected to generate additional revenues of $350,000 per year. O The machine is expected to reduce TA's cash operating expenses by $20,000 per year O After five years, the machine will be sold for $90,000. O TA is in the 35% tax bracket and its cost of capital is 12%. TA's net investment outlay is closest to: A. $500,000 B. $540,000 C. $580,000
B. TA's net investment outlay is closest to $540,000.
To arrive at the net investment outlay, we need to consider the initial costs of the machine and installation, as well as the expected cash operating expenses and the expected resale value of the machine.
The initial investment is $500,000 which is the sum of machine costs of $460,000 and installation costs of $40,000.
The cash operating expenses are $20,000 per year, for a total of $100,000 over the 5-year life of the machine ($20,000 x 5). The expected resale value is $90,000.
Therefore, the net investment outlay is
Net investment outlay=initial investment-5-year life of the machine+xpected resale value
$500,000 - $100,000 + $90,000 = $540,000.
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Hiram is a computer engineer and, while unemployed, invents a switching device for computer networks. He patents the device, but does not reduce it to practice. Hiram has a zero tax basis for the patent. In consideration of $800,000 plus a $1 royalty per device sold, Hiram assigns the patent to a computer manufacturing company. Hiram assigned all substantial rights in the patent. Which of the following is correct?
Hiram automatically has long-term capital gain from both the lump sum payment and the royalty payments.
A royalty contribution is a sum of money given to another party who is the owner of a certain asset in exchange for the obligation to continue using that asset. Although there are numerous ways and metrics of compensation, royalties are generally agreed upon as a percent of the gross or net revenues received through the use of a particular asset or a fixed per unit price supplied of an item of such.
Possible forms of compensation include royalties from quasi resources, patents, logos, franchises, copyrighted content, publication royalties, audio royalties, and art royalties. Prominent clothing designers have had the right to request royalties from companies who use their names and designs without permission.
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When a consumer buys a magazine for either information or fort entertainment looking to purchase items for their own use, then this magazine content is classified as _______. industrial professional farm business consumer
Readers working in specific industries are the target audience for professional magazines, often known as trade magazines or business-to-business journals.
How are consumer publications typically categorized?Consumer magazines can also be categorized according to how they are distributed, whether that is through subscription, circulation, shop distribution, or a combination of these. They can also be divided into categories based on frequency; the most popular categories are weekly, monthly, and bimonthly.
What three categories of magazines are there?Consumer magazines, trade magazines, and organization publications are the three different categories of magazines. There are a range of well-liked subcategories and genres for each kind of magazine.
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assume the banking system in zenobia has ample reserves. which of the following reserve market graphs demonstrates the effect of the central bank of zenobia increasing its administered interest rates?
Assume the banking system in Zenobia has ample reserves. of the following reserve market graphs demonstrates the effect of the central bank of Zenobia increasing its administered interest rates2nd table increase in Policy Rate.
Test your knowledge of reserves in the financial system.Currency deposits held in bank reserves are those that are not lent to customers of the bank. A minor portion of the total deposits are kept on bank property, either in cash vaults or with the central bank.
What branch of the Federal Reserve determines the rules for buying and selling government securities?The Federal Reserve uses open market operations (OMOs), or the buying and selling of assets by a central bank on the open market, as a key tool for carrying out monetary policy. The Federal Open Market Committee establishes the open market operations' short-term goal (FOMC).
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Hulio and Helena work for Corporate Enterprise. Both see what they believe to be unethical treatment of a certain group of employees. The employees do not complain and do not say anything about this treatment. Hulio and Helena are not sure whether to report the potential violation. This is an example of an ethical________
A moral (ethical) dilemma is a situation that involves a choice, decision, act/action, solution that may include an unpleasant problem or situation where you feel you simply do not know what to do or which way to turn.
What is an example of a dilemma?A moral dilemma is a conflict situation in which the choice one makes causes a moral harm, which cannot be restlessly repaired. Take the example of how to respond when a fellow researcher needs help, but refuses your assistance.In LDRS 111 you were introduced to four different ethical dilemma paradigms: truth vs loyalty, short-term vs long-term, individual vs community, and justice vs mercy.A situation in which a difficult choice has to be made between two different things you could do: The president is clearly in a dilemma about/over how to tackle the crisis. She faces the dilemma of disobeying her father or losing the man she loves.A moral dilemma is also called an ethical dilemma and refers to a situation where an individual needs to make a choice but faces a conflicting situation between one or more alternatives.A person who faces a dilemma must decide which moral duty to prioritize; “whichever action is taken.Will offend an important moral value” (Maclagan, 2003, p. 23). In a moral dilemma, it is impossible to live up to all of one's moral convictions and beliefs regarding how one should behave in that situation.
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