If an industry is producing the socially efficient output level, a tax placed on the industry will result in inefficiency because the market will produce. c) too few units, giving up some units that have more consumer value than productive costs.
What is consumer value?Consumer value can be defined as the way in a company tend to produce or manufactures goods that meets a consumer preference during this may enables consumer derived satisfaction from the use of the product.
Based on the scenario the tax may have a negative effect on the company as they may start producing goods or product that does not have more consumer value.
Therefore the correct option is C.
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The complete question is:
Given an industry is producing the socially efficient output level, a tax placed on the industry will result in inefficiency because the market will produce
a) too many units, as some units produced will have more productive costs than consumer value.
b) too many units, as some units produced will have more consumer value than productive costs.
c) too few units, giving up some units that have more consumer value than productive costs.
d) too few units, giving up some units that have more productive costs than consumer value.
your company has hired a third-party auditing firm to conduct a penetration test against your network. the firm wasn’t given any information related to the company’s network. what type of test is the company performing?
The company is performing Black Box test. Black-box penetration testing is a type of penetration testing in which an outsider attempts to find and exploit vulnerabilities in a system.
A black box penetration test provides no information to the tester. In this case, the pen tester takes the path of a socially disadvantaged attacker, from initial access and execution to exploitation. The Black-Box penetration test timeframe is 7-10 days. The rescan takes three days after the vulnerabilities have been fixed. The timetable may vary a bit based on the extent of the test.
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according to the classical view, if consumer demand slowed down: group of answer choices prices would decrease and the economy would return to its long-term growth trend prices would increase and the economy would return to its long-term growth trend wages would increase and the economy would return to its long-term growth trend investment and government demand would increase and the economy would return to its long-term growth trend
According to the classical view, if consumer demand slowed down Prices would decrease and the economy would return to its long-term growth trend.
The goal of the long-term growth (LTG) investing strategy is to raise a portfolio's value over a number of years.Long-term growth is typically intended to produce above-market returns over a period of ten years or more. However, long-term is relevant to an investor's time horizons and individual style.Long-term growth portfolios may be more aggressive and comprise an 80% stock to 20% bond ratio.Long-term investing (LTI) is often intended to provide above-market returns over a period of ten years or more, while LTI is relative to an investor's time horizons and individual style.Due to the longer time horizon, Long-term growth portfolios can be more aggressive, containing a higher proportion of equities compared to fixed-income securities like bonds.Learn more about Long-term growth, here
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you are employed by atramento, a maker of fountain pen ink, as the purchasing executive with the authority of approving the purchase of supplies. one of the suppliers being considered by atramento is a company owned by your spouse. this situation is an example of:
As the purchasing executive with the authority of approving the purchase of supplies. one of the suppliers being considered by atramentous is a company owned by your spouse. this situation is an example of a conflict of interest.
Atramentum or atrament commonly means a totally black, usually liquid, substance. For instance, an octopus might also emit a gasp of atrament (see cephalopod ink). In historic Rome, the time period Sacramentum signified any black coloring substance used for any cause. The Romans prominent 3 major varieties of Sacramentum, one called librarian (or scriptorium), any other called deuterium, and the 0.33 tectorium. Atramentum librarian was the writing ink of Roman times, Sacramentum auditorium was used by shoemakers for dyeing leather-based, and Sacramentum tectorium (or pidorium) was utilized by painters for some functions, seemingly as a type of varnish.
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owns a catering business, and he has put all his savings into running this business. during the busy holiday season, he realizes that he needs short-term help financing the business' operations, so he goes to the bank to request $25,000. the bank agrees to lend mauricio this amount of money. what type of bank loans does this scenario best describe?
The type of bank loan that best describes this scenario is
an unsecured loana secured loana trade credita certificate of deposita line of creditBank loans can be described as an amount of money loaned at interest by a bank to a borrower, usually on collateral security, for a certain period of time. Bank loans also can be described as a common form of finance, like trade credit and overdraft facilities.
Bank loans can be divided into several types, such as:
Personal Loan.Gold Loan.Rental Deposit Loan.Loan Against Property.Two & Three Wheeler Loan.Business Loan.Home Loan.Personal Loan for Self-employed Individuals.Learn more about bank loans here https://brainly.com/question/28234496
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a data analyst receives an email from the vice president of marketing. the vice president is upset because the report they want from the analyst is late. select the best course of action.
The best course of action is: The analyst should respond saying they understand the vice president's concerns, provide a status update, and let the vice president know when to expect the completed report.
Who is a data analyst?A data analyst can be defined as an expert or professional who is saddled with the responsibility of inspecting, transforming, analyzing, and modelling data with the sole aim of discovering useful information, providing insights, and creating informed conclusions, so as to support decision-making and create a completed report.
In this context, we can reasonably infer and logically deduce that this data analyst should inform the vice president that his or her concerns are acknowledged, while providing a status update on when the completed report should be expected.
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Complete Question:
A data analyst receives an email from the vice president of marketing. the vice president is upset because the report they want from the analyst is late. select the best course of action.
The analyst should apologize for the delay and inform the vice president that the marketing managers caused the delay.
The analyst should call the vice president and ask them how important it really is to their marketing efforts.
The analyst should respond saying they understand the vice president's concerns, provide a status update, and let the vice president know when to expect the completed report.
The analyst should send the report immediately, even if it's not completely finished. This will make the vice president happy.
the premium on a pound put option is $.03 per unit. the exercise price is $1.60. the break-even point is for the buyer of the put, and for the seller of the put. (assume zero transactions costs and that the buyer and seller of the put option are speculators.) a. none of these are correct. b. $1.63; $1.60 c. $1.57; $1.63 d. $1.63; $1.63 e. $1.63; $1.57
The break even points for the buyer and seller are $1.63 and $1.57 respectively.The break-even point for your small business is essentially the moment at which total costs and total revenues are equal; there is simply no loss or gain.
On the other hand, you have now reached the point in production where a product’s sales are equal to its production costs.
Exercise cost plus premium = break-even point Buyers’ break-even point is 1.60 + 0.03 = $1.63.Calculating the seller’s break event point:Breakeven point is equal to exercise price minus premium (1.60-0.03 = $1.57).Seller’s break-even point is $1.57.Revenues for a product are equivalent to production.
Exercise cost plus premium = break-even point buyers’ break-even threshold is 1.60 plus 0.03 calculation of seller’s break event point: = $1.63 breakeven point is equal to exercise price minus premium (1.60-0.03 = $1.57).An owner is defined by the BEP as having the revenue necessary to pay for all costs, including fixed costs. If properly applied, the BEP could reduce expenditures.Controlling fixed costs and recognizing when to expect future increases in fixed costs.
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What decision support strategy uses a technique based on a non-linear predictive model that creates a hidden-layer analysis of input information that is defined using training and observed behaviors?.
Using a method based on a non-linear predictive model, the decision tree support strategy generates a hidden-layer analysis of the input data.
A decision tree is a tool for simulating prospective outcomes, resource costs, utility costs, and outcomes that are likely to occur. Its structure is similar to a tree. Using decision trees, it is possible to construct algorithms that include conditional control statements. They have branches that symbolize decisions that could lead to positive outcomes.
Predictive modeling entails using results that are known to produce a model that can predict values for unanticipated events. It employs historical data to predict upcoming events.
Strategy is crucial because there are typically few resources available to accomplish goals. Setting priorities and goals, choosing the best course of action to take to get there, and allocating resources to carry it out are all part of strategy.
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cameron corp. started business in 2016 and uses the fifo method. during 2016, it purchased 45,000 units of inventory at €10 each and sold 40,000 units for €20 each. in 2017, it purchased another 50,000 units at €11 each and sold 45,000 units at €22 each. its 2017 ending inventory balance (€ thousands) was closest to:
Since the beginning inventory of the company in 2016 is €0, its ending inventory balance in 2017 is €110,000
The formula of Ending Inventory is given by:
Ending Inventory = Beginning Inventory + Net Purchases – COGS
COGS = cost of good sales
FIFO is "first in first out" method which means the first item to be sold is the one that is purchased first.
Information from the problem:
Year 2016.
Beginning Inventory = €0
Purchases = 45,000 units × €10 = €450,000
COGS = 40,000 units × €10 = €400,000
Ending inventory = €450,000 - €400,000 = €50,000
There remaining 5,000 units at the end of 2016.
Year 2017
Beginning Inventory = €50,000
Purchases = 50,000 units × €11 = €550,000
COGS = (5,000 units × €10) + (40,000 units × €11) = €490,000
Ending inventory = €50,000 + €550,000 - €490,000 = €110,000
Hence, at the end of 2017 in the inventory, there are remaining 10,000 unit at €11 each and worth for €110,000
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ter visiting several automobile dealerships, Richard selects the car he wants. He likes its $13,000 price, but financing through the dealer is no bargain. He has $2,600 cash for a down payment, so he needs a loan of $10,400. In shopping at several banks for an installment loan, he learns that interest on most automobile loans is quoted at add-on rates. That is, during the life of the loan, interest is paid on the full amount borrowed even though a portion of the principal has been paid back. Richard borrows $10,400 for a period of four years at an add-on interest rate of 8 percent.
APR = 21.55%
- I = Prt
- I = (8000)(.11)(4) = 3520
- Total Cost = Down Payment + Principal Borrowed + Interest
- Total Cost = 2000 + 8000 + 3520 = 13520
- Monthly Payment = (Principal Borrowed + Total interest) / Total number of payments
- Monthly Payment = (8000 + 3520) / 48
- APR= (2 × n × I) / [P × (N + 1)]
where:
N= Total number of payments
- APR = (2 × 12 × 3520) / [8000 × (48+1)] = 21.55%
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Annual percentage rate is 21.55%.
Simple Interest(I) = Principle ×rate× time/100
Principle = $8000
Rate = 11%
time = 4 years.
I = (8000)(.11)(4) = 3520
Total Cost = Down Payment + Principal Borrowed + Interest
Total Cost = 2000 + 8000 + 3520 = 13520
Monthly Payment = (Principal Borrowed + Total interest) / Total number of payments
Monthly Payment = (8000 + 3520) / 48
Annual percentage rate = (2 × n × I) / [P × (N + 1)]
where:
N= Total number of payments = 48
I = interest = $3520
P = principle = $8000
Annual percentage rate = (2 × 12 × 3520) / [8000 × (48+1)] = 21.55%
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suppose a state passes a minimum wage law that increases the minimum wage from $5/hour to $20/hour. the equilibrium wage prior to the minimum wage hike was $10/hour. quizlet
Some employers and workers will agree on a wage less than $20 and not report the wages to the government, or the black market.
Paid on an hourly basis, earnings for wage workers are determined by the number of hours worked during the pay period. Regardless of the number of hours they worked within a pay period, salaried employees receive a certain sum. As a result of reduced "decision fatigue" and improved physical and mental health, greater pay has been linked by economists to increased productivity.
The term "black market" refers to illegal trading that occurs in secrecy or under cover of darkness. Black market trade is an entire sector of an economy that cannot be precisely assessed since it takes place "off the books," so to speak.
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Which of the following factors do businesses consider
Meanwhile, productivity rose as a result of new technology. What will be the businesses economy's most likely short-term factors effects. A higher output level and an unspecified price level emerge from a rightward shift.
In both the short-run aggregate supply (SRAS) and aggregate demand (AD) curves. The SRAS curve shifts to the left as the price factors of these inputs rises, indicating that, at each level of output price, a higher input price will discourage production because it will make it more difficult to turn a businesses profit. The real wage rate declines and employment rises when the price level rises and the money wage rate remains constant.
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the marginal product of labor in the production of computer chips is 50 chips per hour. the marginal rate of technical substitution of hours of labor for hours of machine capital is 1/4. what is the marginal product of capital?
The marginal product of capital is 250 chips .
Marginal product = Changed output ÷ changed input.
In another ways, we can say marginal product leads to an increase of total product output with the help of additional workers or input.
Evaluating :Step 1 : The marginal rate of technical substitution is defined as the ratio of marginal productivity of each input.
For instance, suppose the marginal productivity of capital is 50 units, and the marginal productivity of labor is 25 units. Then the value of MRTS is 0.5.
Step 2: The computation of MRTS
The formula for marginal rate of technical substitution is:
MRTS = MPL ÷ MPK
Here,
MRTS = [tex]\frac{MPL}{MPK}[/tex]
[tex]\frac{1}{5} = \frac{50}{MPK}[/tex]
MPK = 5 × 50
MPK = 250
The marginal product of capital is 250 chips.
Marginal Rate of Technical Substitution:The marginal rate of specialized negotiation( MRTS) is an profitable proposition that illustrates the rate at which one factor must drop so that the same position of productivity can be maintained when another factor is increased.
Marginal product :
The marginal product of an input, say labour, is defined as the redundant affair that results from adding one unit of the input to the being combination of productive factors. Marginal product is pertained to as the change in affair seen with per unit change of an input while keeping all other factors of input constant. Example : Labour, accoutrements etc.
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the leadership team of popso soda company includes a president and vice presidents of operations, marketing, human resources, and finance. popso seems to utilize which type of organizational structure?
Popso seems to utilize functional type of organizational structure .
A functional structure is a business structure that's grounded on the function of each position within the business and the knowledge and chops of the platoon members that perform each part.
Functional organizational structure:Functional structure is having positions with the highest rank of responsibility at the top level and goes down from there. A functional organizational structure is a structure used to organize workers. They're grouped grounded on their specific chops and knowledge. It vertically structures each department with places from the chairman to finance and deals departments, to client service, to workers assigned to one product or service.
What are the characteristics of functional organizational structure?A functional type is a perpendicular scale. The company is divided into different functional departments with workers who specialize in specific tasks. Functional departments generally operate in silos because each group has its own independent perpendicular operation structure.
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which of the following is true of coordinated management of meaning (cmm)? group of answer choices it focuses on the effects of conflict in relationships. all of these answers are correct. it focuses on how individuals establish rules for creating and interpreting meaning. it focuses on the linear nature of communication and its influences.
Coordinated Management of Meaning (CMM) focuses on how individuals establish rules for creating and interpreting meaning.
The Coordinated Management of Meaning (CMM) adopts a communication approach grounded in social constructionism, contending that our ability to interact with one another shapes the social contexts in which we live. It's a useful theory with a number of proven models and applications.
The CMM is a theory that describes the method through which we generate meaning and control social reality through social communication. This CMM idea encourages people to articulate a process for producing prepositions in response to a scenario. The steps are taken in the right order to display the proper action or reaction.
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assume the annual cost of a college education will be $30,000 when your child goes to college in 18 years. you now have $6,500 to invest. what annual rate of interest must you earn on your investment to cover your child's first year cost? [10 pts]
If the annual cost of a college education is expected to be $30,000 when your child enrolls in college in 18 years, you must earn 8.87% in annual rate on your investment to cover the cost of their first year.
Let's assume your child has just been born.
So time t = 18 years
Future value (annual cost) = $30,000
Present Value P = $6500
rate of interest r=?
F=P*(1+r)^t
30000 = 6500* (1+r)^18
(1+r)^18 = 30000/6500
(1+r)^18 = 300/65
1+r = (4.615)^(1/18)
1+r = 1.08868
r = 0.08868
r = 8.87%
hence annual rate should be 8.87%
The term annual rate describes the annual interest that is produced by a payment that is owed to investors or levied to borrowers. The annual percentage rate, or APR, is a measure of the real cost of borrowing money over the course of a investment loan or the income generated by an investment. This includes any fees or other expenditures related to the transaction, but does not account for compounding. Consumers may investment compare lenders, credit cards, and investment goods using the annual rate which gives them a concrete number to work with.
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lauryn’s doll co. had ebit last year of $45 million, which is net of a depreciation expense of $4.5 million. in addition, lauryn’s made $4.25 million in capital expenditures and increased net working capital by $4.1 million. assume that lauryn’s has a reported equity beta of 1.5, a debt-to-equity ratio of .3, and a tax rate of 21 percent. what is lauryn’s fcf for the year?(do not round intermediate calculations. enter your answer in millions rounded to 2 decimal places.)
If Lauryn's has a reported equity beta of 1.5, a debt-to-equity ratio of .3, and a tax rate of 21 percent.. The Free Cash Flow (FCF) of Lauryn's for the year is 20.45
FCF = (EBIT -Depreciation)× ( 1- Tax rate) + Depreciation - Capital expenditure - Working Capital investment = (45 -4.5 ) × ( 1 - 40%) + 4.5 - 4.25 -4.1 = 20.45
Beta Asset = Beta Equity /( 1 + (1-tax rate)×D/E) = 1.5/( 1 + ( 1-40%)× 0.3) = 1.2712
According To Capm WACC = Risk free rate + Betaasset × Market Risk Premium = 4% + 1.2712 × 12% = 19.2544%
Value of The firm = FCFF × ( 1+growth)/(Return - Growth) = 20.45 × 1.02/(19.2544% - 2%) = 120.89 million
Free cash flow (FCF) is the money a business makes after subtracting the cash it must spend to run its business and maintain its capital assets. Or to put it another way, free cash flow is the money that remains after a business pays its operating expenses (OpEx) and capital expenditures (CapEx).A corporation may do whatever it wants with FCF, which is the money that is left over after paying for expenses like labor, rent, and taxes. A company's cash management will be aided by knowing how to compute and analyze free cash flow. Investors can improve their investment choices by using the FCF calculation to get insight into a company's financials.Learn more about Free cash flow (FCF), here
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on june 30, 2021, plaster, inc., paid $812,000 for 80 percent of stucco company's outstanding stock. plaster assessed the acquisition-date fair value of the 20 percent noncontrolling interest at $203,000. at acquisition date, stucco reported the following book values for its assets and liabilities:
Stucco reported the following book values for its assets and liabilities at 92800.
Decrease in accounts receivable = (320800+112700) - 429900 = 3600
Increase in Inventory = (367700+180000) - 637800 = -90100
Decrease in accounts payable = (70800+31100) - 94700 = 7200
Purchase of Stucco Company assets = Cash paid - cash in stucco books
= 812000 - 53300 = 758700
Dividend paid = Dividend paid by Plaster + 20% of dividend paid by
Stucco = 84000 + 8800 = 92800.
The property you buy is a long-term asset that you can grow in value over the time you enjoy it. The cost of the property is spread out over time rather than one time. On the other hand, the mortgage for the property is a liability in your books. A mortgage loan is a long-term debt you owe to a lender.
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what three tasks must be done before an approximate price level can be selected? multiple select question. estimate demand and revenue identify pricing objectives and constraints make special adjustments to list or quoted price assess competitors' pricing determine cost, volume, and profit relationships
Three tasks that need to be done before approximating price levels include estimating demand and revenue, identifying pricing objectives and constraints, and determining cost, volume, and profit relationships. Thus, the correct options are (a), (b), and (e).
Pricing level refers to the way of setting the price of goods and services that manufacturers receive in exchange for selling them to consumers. Fixing appropriate price levels is an integral part of the marketing process as the right price levels can generate more sales and the wrong one can have an adverse effect on potential customers.
So, whenever pricing for products is set, it is vital to first identify pricing objectives and constraints; next estimate demands, and revenues; and then determine relationships between cost, volume, and profit.
Other options are not selected because:
Although both options (c) i.e. make special adjustments to list or quoted price and (d) i.e. assess competitors' pricing are also tasks of the process of price level fixing, but it is mentioned in the question to select only three tasks which we have selected on prioritization basis.
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on january 2, 2018, moser, inc., purchased equipment for $100,000. the equipment was expected to have a $10,000 salvage value at the end of its estimated six-year useful life. straight-line depreciation has been recorded. before adjusting the accounts for 2022, moser decided that the useful life of the equipment should be extended by three years and the salvage value decreased to $8,000.
A) Debit Depreciation expense of $6,400
Credit Accumulated depreciation $6,400
B) The book value is $33,600.
A non-cash business expense called depreciation is assessed throughout the time that an asset is valuable to your company. By removing the cost of using up a portion of an asset's worth from taxable revenue, every organization can benefit from depreciation.
A) Debit Depreciation expenses-Equipment $6,400
Credit Accumulated Depreciation-Equipment $6,400
(To record depreciation expense )
Depreciation =($100,000 - $10,000) / 6 years
Depreciation=$15,000
Carrying value of equipment =$100,000 - ($15,000×4)
Carrying value of equipment =$40,000
Remaining revised useful life =9 years - 4 years
Remaining revised useful life=5 years
Revised Depreciation on equipment =($40,000 - $8,000) / 5 years
Revised Depreciation on equipment =$6,400
B) Book value of equipment
Book value =$40,000 - $6,400
Book value=$33,600
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The complete question is:
On January 2, 2018, Moser, Inc., purchased equipment for $100,000. The equipment was expected to have a $10,000 salvage value at the end of its estimated six-year useful life. Straight-line depreciation has been recorded. Before adjusting the accounts for 2022, Moser decided that the useful life of the equipment should be extended by three years and the salvage value decreased to $8,000.
a. Prepare a journal entry to record the depreciation expense on the equipment for 2019. Round your answer to the nearest dollar.
b. What is the book value of the equipment at the end of 2019 (after recording the depreciation expense for 2019)?
drew is a salesperson who is almost always successful during the initial sales dialogue. prospects usually respond to all of the questions that drew asks, but he is rarely successful at closing the sale and getting a commitment from them. drew's failure is most likely due to:
Drew is a salesperson who is almost always successful during the initial sales dialogue. prospects usually respond to all of the questions that drew asks, but he is rarely successful at closing the sale and getting a commitment from them.
Drew's failure is most likely due to Most customers count on a salesman to invite for dedication and recognize the attempt if it's far made at the ideal time withinside the income talk.
A high-quality cost proposition demonstrates what a logo has to provide a purchaser that no different competitor has and the way a product or service fulfills a want that no different enterprise is capable of fill. Business conversations among customers and dealers that arise as salespeople attempt to initiate, develop, and decorate purchaser relationships. Sales talk happens over the years and consists of income calls and different types of buyer-vendor communication.
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unilever reduced the number of popsicles in each package from 24 to 20 without changing the package price. the tactic unilever is using here is called multiple choice market modification. product extension. rebranding. trading up. shrinkflation.
As Unilever firm has reduced the number of popsicles in each package from 24 to 20 without changing the package price, the tactic that the firm is using here is called a shrinkflation.
What is known as shrinkflation in marketing?Basically, a shrinkflation refers to the reduction in the size of a product in response to rising production costs or market competition. The practice involves the reduction of the size of a product while maintaining its sticker price. By raising the price per given amount is a strategy employed by companies to stealthily boost profit margins or maintain them in the face of rising input costs.
Furthermore, the strategy is often referred to as package downsizing in business and academic research. The less common usage of this term may refer to a macroeconomic situation where the economy is contracting while also experiencing a rising price level. Therefore, rather than the firm increasing the price of a product, its simply offers a smaller package for the same sticker price.
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suppose the economy is initially in long-run equilibrium. then suppose there is a drought that destroys much of the wheat crop. according to the model of aggregate demand and aggregate supply, what happens to prices and output in the short run? a. prices rise; output rises. b. prices rise; output falls. c. prices fall; output rises. d. prices fall; output falls.
Initial long-term equilibrium exists in the economy. Output decreases when prices rise.
What takes place when the economy reaches long-term equilibrium?
When an economy is said to be in long-run equilibrium, real GDP is at its maximum potential output, the natural rate of unemployment (about 6%) is equal to the actual rate, and the actual price level is equal to the anticipated price level.
What does it mean for an economy to be in long- and short-term equilibrium?
When the total amount of output and demand are equal, this is known as short-run equilibrium. When the economy is operating at its maximum potential and prices are adjusted to reflect changes in the market, this is long-run equilibrium.
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How many categories for personality traits are in the hexaco personality inventory.
There are basically Six dimensions for personality traits are in the hexaco personality inventory.
What is the Hexaco Personality Inventory?
Hexaco personality inventory is an instrument that assesses the six major dimensions of personality given below :
Honesty-Humility. Emotionality. Extraversion. Agreeableness (versus Anger)Why is Hexaco important?Since it was early development in the early 2000s, the Hexaco model has been used to investigate various areas of psychology, permitting behavioural testing and prediction to rely less on prosocial behaviour. Studies using the Hexaco model have been found supportive for the relationships between social and ethical behaviour.
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Suppose you put $350 into a bank account today. Interest is paid annually and the annual interest rate is 6 percent. The future value of the $350 after 4 years is.
The future value of $350 put in the bank account after 4 years is $441.87
The future value of a current asset can be described as its value at a date in the future depending on its assumed rate of growth.
The future value of $350 put in the bank account after 4 years can be determined using the formula;
FV = PV (1 + r)^n
Here r represents the annual interest rate, n represents the number of periods interest held, and FV and PV represent the future value and present value respectively.
Substituting the given values;
FV = 350 (1 + 0.06)^4
FV = 350 (1.06)^4
FV = 350 (1.26248)
FV = 441.87
Therefore, the future value of the $350 after 4 years is calculated to be $441.87
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The minimum wage in California is higher than required by law and should remain at its current level or increase! Do you agree with this statement? Why or why not?
The minimum wage in California is higher than required by law and should remain at its current level or increase. I agree with this statement why because according to the minimum wage law, the rate of adjustment must be equal to 50 cents (3.5% of $15), which is less than the inflation rate, which was 7.9% during the relevant period. Employees who are now paid at or close to the state minimum wage will not be the only ones impacted by the change in the minimum wage rate.
In response to inflation, Gov. Gavin Newsom predicted on Thursday that California's minimum wage would likely increase to $15.50 an hour in January. Some corporate executives have said that they are trying to keep up with escalating prices and cannot afford an additional 50 cents per hour. According to labor groups, the hike is required to counteract growing prices. From the agricultural regions to almost every industry, California leads the country in the demand for higher minimum wages.
The California Legislature, as well as federal and state courts, has placed a lot of emphasis on raising salaries, so companies there could expect a bigger salary increase than usual in 2019. By January 1, 2023, the Golden State's minimum wage was intended to be $15 per hour for all employers. However, Governor Gavin Newsom has predicted that owing to record-high inflation, the rate will jump to $15.50.
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brussels enterprises issues bonds at par dated january 1, 2021, that have a $3,100,000 par value, mature in four years, and pay 6% interest semiannually on june 30 and december 31.
1. 1 Jan 2019
Cash 2100000 Dr
Bonds Payable 2100000 Cr
2.
30 June 2019
Interest expense 73500 Dr
Cash 73500 Cr
31 Dec 2019
Interest expense 73500 Dr
Cash 73500 Cr
1.Because no market interest rate is given, the bonds are assumed to be issued at par value, which is the same as the interest rate on bonds of 7%. The issuance of bonds at par results in a debit to the cash received account and a credit to the bonds payable account.
2. The semi-annual bond interest payment is,
Semi-annual bond interest = 2100000 * 0.07 * 6/12 = 73500
The given interest rate is a 7% annual interest rate. As a result, we multiply it by 6/12 to get the semi-annual interest.
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Brussels Enterprises issues bonds at par dated January 1, 2019, that have a $2,100,000 par value, mature in four years, and pay 7% interest semiannually on June 30 and December 31. 1. Record the entry for the issuance of bonds for cash on January 1. 2. Record the entry for the first semiannual interest payment and the second semiannual interest payment.
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on january 2, 2021, germane, inc. bought 30% of the outstanding common stock of quality, inc. for $56 million cash. at the date of acquisition of the stock, quality’s net assets had a book value and fair value of $120 million. quality’s net income for the year ended december 31, 2021, was $30 million. during 2021, quality declared and paid cash dividends of $10 million. on december 31, 2021, germane’s should report investment revenue of:
After all the transactions Germane inc. should report investment revenue of $9 Million.
As on January 2 2021 Germane inc. bought 30% of the outstanding common stock, qualities net income for year ended Dec 31 2021 was $30 million. On december 31, 2021, Germane should report investment revenue of 30% × $30 million = $9 million.
Investment revenues are the earnings from invested capital. Typically, this is the interest or dividends received on debt or equity securities. When compared to the revenues produced by a business's activities, investment income are typically seen as incidental revenues, and as such, they are kept separate in a separate account.
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3. (2 points) noah took out $20,000 in private student loans at 16% apr. his cousin ava took out the same amount of student loans, but she got a federal student loan with an apr of 4.66% what is the difference in the amounts noah and ava will pay for their student loans (over 10 years), assuming interest starts accumulating on the same day?
We divide that rate by 365 to arrive at a daily students loan interest rate, so Noah's rate is 16÷100 = 0.16÷365 = 0.0004383, 0.0004383× 20000 = 8.7671 Ava's rate is 4.66÷100= 0.0466 ÷ 365 = 0.0001276 × 20000 = 2.5534
Although they have a cost, student loans can be a beneficial solution to cover economic gaps when financing for higher education costs. To calculate the amount of interest that is accrued daily, divide the annualized return on your loan by 365.
Take the example of a $10,000 loan with a 5% annual interest rate. To get a regular interest rate of 0.000137, divide that figure by 365 (i.e., 0.05 365). It's critical to understand our interest rate and how it relates to our loans because student loan interest rates decide how much money you'll ultimately owe.
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small athletic shoe manufacturers such as vans target niche markets like street culture or action sports enthusiasts, making shoes designed to satisfy the needs of these different specific groups of customers. this strategy is an example of
This strategy is an example of market segmentation as manufacturer is trying to design shoes for different groups of people such as for sports enthusiast and for street culture.
Market segmentation is the technique of separating a large customer or company market into several smaller customer base (regarded to as segments) relying on some a kind of common characteristics. Generally, this method involves existing and prospective customers.
Market segmentation help the marketers to design product and services based on the requirement of each group/segment. Market segmentation is crucial because it strives to make a firm's promotional strategies more influential and centered, as contrasted to generally catering to all prospective consumers. A company can enhance its likelihood of generating sales while also being more resource-efficient by providing customized plans for particular product lines with intended audience in mind.
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in los angeles, the value of land is high compared to phoenix (an acre of land in l.a. is about 3-6 times as expensive as in phoenix, depending on the exact area). most other things are about the same price in l.a. as in phoenix. this situation explains why
The story above tell us why shopping centers in LA are more likely to have multilevel parking structures than those in phoenix.
Price can be described as the value that is put to a product or service and is the result of a complex set of calculations, research and understanding and risk taking ability. A pricing strategy takes into account segments, ability to pay, trade margins and input costs, market conditions, competitor actions, amongst others.
World price is the price of a service or good in any other country, except one's own. World price affects international trade, and generally countries export goods with local prices lower than their world price, and import goods where the local price is higher than the world price.
The price is different around the world. They vary due to taxes, currency exchange rates, tariffs, cost structures, local market needs, differences in competitive situations and a myriad of other reasons.
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