suppose the market for used canoes has 100 sellers with canoes in good condition and 100 sellers with canoes in bad condition. there are an unlimited number of potential buyers. buyers are willing to pay $400 for canoes in good condition while the sellers value these canoes at $300. buyers are willing to pay $100 for canoes in bad condition while the sellers value these canoes at $50. only the sellers know the condition of their canoe.

Answers

Answer 1

The answers to the question a and b are : A) Both sorts of canoes should be sold at a reasonable price in order to achieve efficiency because there are both types of sellers and a limitless number of purchasers.

B) Buyers will buy more good condition canoes as they are more efficient to the customers and they will be sold at $400 as there are unlimited potential buyers, sellers has to maintain efficiency balance.  

A canoe is a lightweight, narrow water craft that is open on top and usually pointed at both ends. It is driven by one or more paddlers who are kneeling or sitting and facing the direction in which they are traveling.

Canoes are known as Canadian or open canoes to distinguish them from kayaks in British English, where the name "canoe" can also refer to a kayak.

Question:

suppose that in addition to good and bad canoes, there are also 100 sellers with canoes in great condition. Buyers are willing to pay $1000 for canoes in great condition while the sellers value these canoe before, only the sellers know the condition of their canoe.

a) Which canoes should sell to achieve efficiency?

b) Which canoes actually sell in the market, and at what prices?

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Related Questions

to determine that a value is not present in an unordered array of 50 items, linear search must examine a number of ____values.

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A number of the 50 values in an unsorted array containing 50 items must be examined by linear search in order to conclude that an item is absent.

What sort of array would that be?

Any set of rows or columns is referred to as an array. Examples of arrays include rows of seats for a recital, rows of cards laid out for the game of Memory, and rows of numbers in an Excel spreadsheet.

How would one describe an array?

A technique to arrange items in columns and rows is with an array. When you purchase something like a package of eggs, a pack on toy cars, or a box of cookies, the objects inside the container are arranged in an array. There are always rows and columns in an array.

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which of the following would cause a bond's price to go up? the central bank increases the prime rate moody's credit rating agency increased their rating for this company from a to aa the inflation rate goes down all of these will cause a bond's price to fall

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Bond values will rise as a result of changes in interest rates, inflation, and credit ratings.

The present value of the coupon payments and the face value of the bonds are used to compute bond values. The present value of the coupons will increase with increasing coupon size. Bond prices and interest rates are unrelated. Accordingly, bond prices decrease as interest rates rise and increase when interest rates fall.

In essence, a bond's price fluctuates according to the value of the income given by its coupon payments in comparison to general interest rates. Bonds lose all of their appeals if market interest rates rise beyond their coupon rate.

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If the real GDP in a country is at a higher output level than full employment output, then which of the following is true?A. The unemployment rate is greater than the natural rate.B. The unemployment rate is lower than the natural rate.C. The cyclical unemployment rate is positive.

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If the real GDP in a country is at a higher output level than full employment output, then of the following is true  The unemployment rate is lower than the natural rate.

What changes in real GDP occur as unemployment increases?

The relationship between unemployment and GDP is the focus of a different interpretation of Okun's law, which states that a 2% decline in GDP results from a 1% increase in unemployment.

What will occur if a country's real GDP is higher than it is at full employment?

An economy is in a recession if the present real GDP is lower than the output at full employment. A boom in the economy can be seen if the real GDP at the moment is higher than the output at full employment. We argue that the economy is in long-run equilibrium if present output is equivalent to full employment output.

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thomas, cpa, has audited the consolidated financial statements of kass corporation. jones, cpa, has audited the financial statements of its sole subsidiary, which is significant in relation to the total audited by thomas. it would be appropriate for thomas to serve as the group auditor, but it is impracticable for thomas to review the work of jones. assuming an unmodified opinion is expressed by jones, thomas should

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D. Provide an unaltered assessment of the consolidated financial statements and make reference to Jones' work. Financial statements are documents that describe a company's operations and financial performance.  

Government organizations, accounting companies, etc. frequently audit financial accounts to guarantee accuracy and for tax, financing, or investment purposes. The balance sheet, income statement, statement of cash flow, and statement of changes in equity are the four basic financial statements for for-profit entities. A comparable but distinct set of financial statements is used by nonprofit organizations. Financial information is used by investors and financial analysts to assess a company's performance and forecast where the stock price will go in the future. The annual report, which includes the company's financial statements, is one of the most significant sources of trustworthy and audited financial information.

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FILL IN THE BLANK. in the context of barriers to international communication,___refers to the amount of other messages competing for a potential consumer's attention.

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In the context of barriers to international communication, noise refers to the amount of other messages competing for a potential consumer's attention.

Any obstacle that prevents effective communication might be referred to as communication noise. Communication noise is any noise that interferes with the transmission of information from the transmitter to the receiver.

The recipient can become distracted by the noise and be unable to clearly hear the sender's message. Or it could divert the sender, making it challenging for them to convey the information clearly. In either case, noise prevents communication. In practically every context and environment, including face-to-face interactions, group settings, and organizational settings, communication noise is present. According to studies, corporations have wasted billions of dollars as a result of communication noise, particularly in organizational settings.

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he following units of an inventory item were available for sale during the year. line item description units and cost beginning inventory 10 units at $55 first purchase 25 units at $60 second purchase 30 units at $65 third purchase 15 units at $70 the firm uses the periodic inventory system. during the year, 60 units of the item were sold. the ending inventory cost rounded to the nearest dollar using weighted average cost is a.$1,353 b.$1,375 c.$1,150 d.$1,263

Answers

Option (b) The weighted average cost results in an ending inventory cost of $1,375.

What is the weighted average cost calculation formula?

The Weighted Average Cost (WAC) technique of accounting inventory valuation uses a weighted average to establish the COGS and inventory levels. In the weighted average cost technique, the cost of the goods being sold is divided by the number of items being sold.

To get the weighted average cost, divide the total cost of the products by the number of stockpile units. The cost of the items that are currently for sale must be calculated based on the amount of beginning inventory and most recent acquisitions.

When Is First In, First Out (FIFO) Used?

The FIFO approach is used to determine cost flow assumptions. When a product advances through subsequent stages of development and is sold, the accompanying expenditures for that product must be reported as a manufacturing expense.

The following graph illustrates how FIFO was used to calculate the value of ending inventory:

However, we must first calculate the ending inventory units.

= Total purchase units - sales units

= 80 units - 60 units

= 20 units

Total units purchased are:

= 10 units + 25 units + 30 units + 15 units

= 80 units

The final inventory is so

= 15 units × $70 + 5 units × $65

= $1,050 + $325

= $1,375

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13. liam plans to print parts of the loan calculator workbook. prepare for printing as follows: a. set row 3 as the print titles for the worksheet. b. set the range f3:i11 as the print area.

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1. Update the defined names in the worksheet as follows:

Search for "name manager" in the "tell me what you want to do" tab, select it and delete the Loan Calculator name

Select cell B8, and change the defined name to Loan Amount in the tab to the left of the formula bar.

In cell B8, calculate the loan amount by entering a formula without using a function that subtracts the Down_Payment from the Price

Use the formula (1-B7/B6)*B6

A worksheet in its number one which means is certainly a chunk of paper this is used to work on. this may be to finish a task, to log or accompany paintings, and they're usually utilized in faculty, finance, and tax.

In Microsoft Excel, a sheet, sheet tab, or worksheet tab is used to display the worksheet that a person is currently editing. By clicking a worksheet tab (positioned at the bottom of the window), users can also move between the diverse worksheets. every Excel file can also have more than one worksheet, however, the default quantity is three.

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TRUE/FALSE. This information indicates that ____________________ has the highest level of productivity when it comes to comparing hours worked and number of parts packaged.

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This information indicates that Alyssa has the highest level of productivity when it comes to comparing hours worked and number of parts packaged.

Alyssa (she has a extensive better production fee of packaged goods versus hours as compared to the others - you can locate the hourly production amount by using dividing the packaged goods by using hours)

This facts indicates that Alyssa has the very best degree of productivity. productiveness is measured by means of the quantity of inputs it takes to create an output, that's represented by way of the subsequent equation:

The greater the output from one enter, the better the productiveness. In this case, quantity of hours worked is the input, and range of parts packaged is the output. (The pounds of packaging used isn't applicable to the evaluation.) Alyssa produced one hundred sixty packaged parts consistent with hour, Darnell produced fifty five packaged parts per hour, and Jamal produced 89 packaged parts in line with hour. due to the fact Alyssa produced the maximum output (components packaged) from one enter (one hour of labor), she has the highest level of productivity.

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A U.S. bank borrowed dollars, converted them to euros, and invested in euro-denominated CDs to take advantage of interest rate differentials. To cover the currency risk the investor should
A. sell dollars forward.
B. sell euros forward.
C. buy euros forward.
D. sell euros spot.
E. none of the above

Answers

As per the concept of interest rate, to cover the currency risk the investor should Sell Euros forward.

What is meant by interest rate?

In general terms, interest rate refers the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Here we know that A U.S. bank borrowed dollars, converted them to euros, and invested in euro-denominated CDs to take advantage of interest rate differentials.

And we need to find what should the the investor should do over the currency risk.

Here we know that the currency exchange rate of US dollar is comparatively higher than the euro. So, the solution to this one is to sell them.

Therefore, option (B) is correct.

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A 2015 Wells​ Fargo/Gallup Small Business Index survey found that only​ ____ percent of business owners have a formal business plan.
A. 92
B. 84
C. 11
D. 55
E. 33

Answers

Small Business Index survey found that only 33 business owners have a formal Business plan.

The Small Business Index consists of small-business possessors' conditions of their business' current situation and their prospects for the coming 12 months. It revealed that most business owners start a business without any proper plan and tend to have losses.

A business plan is a document that contains details about the company's goals and objectives. A business plan lays out a written road chart for the establishment from marketing, fiscal, and functional slants.

A strong, detailed plan will give a road chart for the business's coming three to five times, and you can partake in it with implicit investors, lenders, or other important mates. This helps us decide which route the business will go.

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True or False : accurate and timely information is the foundation of effective marketing, especially of the marketing concept.

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The cornerstone of successful marketing, specifically of the marketing idea, is accurate and timely information. It is accurate to say this.

How would you define marketing?

The process of developing, conveying, delivering, and trading services that are valuable to consumers, clients, partners, and the wider society collectively is known as marketing.

Which four sorts of marketing are there?

When selling a good or service, the six Ps are a "marketing mix" made up of four essential components: product, pricing, location, and promotion. The four Ps are typically taken into account by firms when developing advertising and promotions to reach their target audience.

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The Wall Street Journal receiving funding through digital and print advertisers, as well as subscriptions, is an example of ________.
a. dual revenue streams
b. transaction payment
c. crowdfunding
d. refinancing

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The Wall Street Journal receiving funding through digital and print advertisers, as well as subscriptions, is an example of a. dual revenue streams.

In the field of business, when revenue is generated from two different places then such a field of revenue generation will be referred to as dual revenue streams.

In the scenario mentioned in the question, The Wall Street Journal is receiving its funding from two different places. One of them is the digital and print advertisers whereas the other is the revenue from subscriptions. Hence, the Wall Street General is making revenue through dual revenue streams.

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Cost of goods sold is $240,000. accounts payable increased by $2,000. inventory increased by $6,000. cash paid to suppliers is:a. $107,000.b. $103,000.c. $100,000.d. $93,000.

Answers

Additional costs that may be incurred include material, overhead and labor costs associated with the actual closing process.  Incremental costs simply mean the total costs incurred to produce an additional unit of product.

Cash paid to supplier = Cost pf goods sold + Increase in inventory - Increase in accounts payable

Cash paid to supplier = 100,000 + 5,000 - 2,000

Cash paid to supplier = 103,000

This is simply calculated by analyzing the additional costs of the company. These are the materials, overhead and labor costs associated with the actual closing process. In manufacturing, research, retail, and accounting, an expense is the value of money that was used to produce something or provide a service and is therefore no longer available. In business, the cost can be the purchase price, in which case the cost is the amount of money used for the purchase.

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speculation in the stock market unequal distribution of wealth increasing demand for goods runaway inflation overproduction

Answers

The following factors led to a weakening economy in the United States

A .speculation in the stock market

B. unequal distribution of wealth

E. overproduction

A. Speculation in the stock market: Speculation in the stock market can lead to a weakening economy due to excessive and often risky investments that can lead to a crash in the stock market, resulting in a loss of consumer confidence and a decrease in investment in the economy.

B. Unequal distribution of wealth: Unequal distribution of wealth can lead to decreased consumer purchasing power, which can lead to a weakening economy due to decreased demand for goods and services.

E. Overproduction: Overproduction can lead to a weakening economy due to decreased demand for goods and services due to a decrease in consumer purchasing power.

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The complete question is given here:

Which factors led to a weakening economy in the United States? Check all that apply.

A. speculation in the stock market

B. unequal distribution of wealth

C. increasing demand for goods

D. runaway inflation

E. overproduction

a licensee has completed an on-time renewal and payment of license fee but has not satisfied the ce requirement. all of the following are true except

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A further $250 fee ensures the licensee's continued operation after 60 days. A licensee who is required to do CE has renewed their license and paid all associated fees on time, but they still hasn't finished their CE.

If the terms of the incentive payment are spelled out in the sales contract and the brokerage handles the transaction, the licensee is free to accept it. Without making reasonable attempts, an agent may be judged negligent in representing his client.

If the licensee does not voluntarily make arrangements to renew the license before the end of the license period, the license will expire and become inactive. After that time, the licensee is no longer allowed to conduct business and must either apply for a new license or renew the existing one within 24 months.

A licensee who has had their status changed to "inactive" must do the following to have it changed back to "active": Get your required hours of continuing education in. Get ready to fork up the stipulated alteration fee.

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a starch test uses which of these to score an advertisement? multiple choice the percentage that would recommend the product to a friend the percentage who plan to purchase the product after seeing the ad the percentage of those are familiar with the product or brand the percentage that find the advertisement appealing the percentage of those who remember seeing a specific ad

Answers

A starch test uses which of these to score an advertisement percentage of those who remember seeing a specific ad. Last option.

What is meant by an advertisement?

Advertising is defined as a practice in which the public is drawn to something, usually a good or service. A product, brand, or service is advertised to a viewership through the use of an advertisement to pique their attention, encourage interaction, and increase sales.

A marketing strategy known as advertising involves purchasing real estate to advertise a good, bad, or intangible idea. Ads, as they are commonly known, are the real advertising messaging.

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seamus had $16,000 of net short-term capital loss in 2021. in 2022, he has $17,000 of long-term capital loss and $26,000 of long-term capital gain. which of the following statements is correct?

Answers

"Seamus had a $13,000 short-term capital loss carryover to 2017" and "Seamus has a $4,000 2017 net short-term capital loss".

Because it is not specified $16000 Short term capital loss (STCL) is a carry-over amount. Therefore, it is just net short-term loss. As per section 12 (2)a and b, the maximum capital loss deduction is limited to the maximum of $3000 and unsued amount to be carry forward.

Hence, (16000-3000) = $13,000 is the carryover amount to 2017.

In 2017, (Net Short term capital loss - Net long term capital gain)

(13000)-(26000-17000) = $ 4,000 Net Short term capital loss in 2017

Quick-term capital assets talk to any asset owned by a taxpayer for below than 36 months from date of the preliminary switch. for instance, omit Rita buys a construction in January 2018 and sells it in January 2019, preserving it for just a yr. here, her building might be taken into consideration as a short time period capital asset.

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Capilla Company experienced an unfavorable sales volume variance and an unfavorable sales price flexible budget variance. Which of the following is a logical explanation for these variances?
The company was unable to sell its products and was forced to reduce its sales price.
The company reduced its sales price and therefore sold more items that it expected to sell.
The sales volume and the sales price were higher than expected.
None of the answers is correct.The company was unable to sell its products and was forced to reduce its sales price. (An unfavorable sales volume variance indicates that sales volume was lower than expected. An unfavorable sales price flexible budget variance means that company had to sell products for less than expected. The lower than expected sales volume may have forced the company to lower its sales price in an effort to improve the sales volume.)

Answers

The company reduced its sales price and therefore sold more items than it expected to sell. The favorable volume variance indicates that sales volume was higher than expected. The unfavorable sales price flexible budget variance means that the company had to sell products for less than it expected. The lower-than-expected sales price may have motivated the higher-than-expected sales volume.

Volume is the degree of the capacity that an item holds. for example, if a cup can hold one hundred ml of water up to the brim, its volume is said to be one hundred ml. extent also can be defined as the quantity of space occupied by a three-dimensional object.

Extent is the quantity of space a three-dimensional object occupies and it is measured in cubic units. two examples of cubic gadgets are cm3 or in3. Mass however is a measure of ways plenty remember is in an item. Mass is regularly measured by using how a good deal something weighs (in units like pounds or kilograms).

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FILL IN THE BLANK basic activities in every accounting department, including sales order processing, accounts receivable, inventory and purchasing, accounts payable, and payroll, are recorded in the ______

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Basic activities in every accounting department, including sales order processing, accounts receivable, inventory and purchasing, accounts payable, and payroll, are recorded in the general ledger.

Define a general ledger

A general ledger (GL) is a collection of numbered accounts that a company uses to record its financial activities and generate financial reports. Each account is a distinct record that includes a summary of a particular class of asset, liability, equity, revenue, or expense. All transaction information is contained in general ledger accounts, which are used to create the income statement, balance sheet, and other financial reports.

Transactions done to sub-ledger accounts as journal entries are summarized in general ledger transactions. The total debits must be subtracted from the total credit to balance a general ledger. The left side of a ledger should always contain debit accounts, and the right side should always have credits.

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during information extraction, entity recognition (the recognition of names of people and organizations) takes place after relationship extraction. t/f

Answers

It is false that in information extraction, entity recognition (recognition of person names and organization names) is performed after relationship extraction.

What is named entity recognition used for?

NER is a variant of natural language processing (NLP), a branch of artificial intelligence in computer science that is concerned with identifying and classifying named entities in text. The goal of NER is to automatically extract information from unstructured text such as: Names of people, organizations, places, etc.

Which model is more effective at identifying named entities?

To do this, ontology-based models and deep learning-based models are the two main approaches. Ontology-based Named Entity Recognition makes conclusions based on lists of datasets, such as a list of firm names for the company category, and employs a knowledge-based recognition procedure

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meg o'brien received a gift of some small-scale jewelry manufacturing equipment that her father had used for personal purposes for many years. her father originally purchased the equipment for $1,500. because the equipment is out of production and no longer available, the property is currently worth $4,000. meg has decided to begin a new jewelry manufacturing trade or business. points What is her depreciable basis for depreciating the equipment?

Answers

şince Cost basiş i.c. $1500 iş eşşer than the fair market value i.e $4000. Therefore M's Depreciable basis for jewelry Equipment would be $1500.

The price an asset would sell for in the market, or the value the investment community assigns to a certain equity or company, is known as market value (also known as OMV, or "open market valuation").

The term "market value" is also frequently used to describe a publicly traded company's market capitalization, which is derived by dividing the number of outstanding shares by the current share price.

Since exchange-traded instruments' market prices are widely distributed and readily accessible, determining market value for securities like stocks and futures is the simplest. The hardest part of figuring out market value, however, is assessing the worth of illiquid assets like real estate and enterprises, which may call for the help of real estate appraisers and company valuation specialists, respectively.

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jillian runs a cupcake shop where she sells cupcakes for $1 each. she employs five people, each of whom worked a total of 500 hours last year; she paid them $10 per hour. her costs of equipment and raw materials add up to $75,000. her business ability is legendary, and other companies have offered to pay jillian $100,000 to come to work for them. she also knows she could sell her cupcake shop for $150,000. the bank in town pays an annual interest rate of 3% on all funds deposited with it.

Answers

$2,000. When a person makes a quick decision without taking the time to compare the opportunity cost of all possible options, he or she is using: the status quo.

If the accounting profit for a firm is negative, the: The correct answer is d) firm will not owe any taxes to the government. Firms do not owe taxes when operating at profit loss.

What if the accounting profit is negative?

A negative net income means a company has a loss, and not a profit, over a given accounting period. While a company may have positive sales, its expenses and other costs will have exceeded the amount of money taken in as revenue.

Accounting profit is greater than or equal to economic profit. Accounting profit is determined by total income minus the business costs that are indicated in the ledger accounts.

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multiple choice questiona meeting designed to convert a prospect into a customer by creating a desire for the product is known as the blank stage of the personal selling process.

Answers

A meeting designed to convert a prospect into a customer by creating a desire for the product is known as the presentation stage of the personal selling process.

One of the most important steps in the personal selling process is the sales presentation. A sales presentation is a pitch given by a salesman to persuade customers to make a purchase. The salesman will go over the benefits of the products and why clients should buy them during the pitch.

The sales staff will introduce the product or service and may even give a possible demonstration. Using the data obtained during the pre-approach and approach stages, sales staff should concentrate on how the product or service benefits the prospect throughout the presentation.

The question is incomplete. The complete question is:

A meeting designed to convert a prospect into a customer by creating a desire for the product is known as the ___ stage of the personal selling process.

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Suppose the nation of Canada forbids international trade. In Canada, you can obtain a hockey stick by trading 5 baseball bats. In other countries, you can obtain a hockey stick by trading 8 baseball bats. These facts indicate that
if Canada were to allow trade, it would export hockey sticks.

Answers

The nation of Canada forbids international trade. In Canada, you can obtain a hockey stick by trading 5 baseball bats. In other countries, you can obtain a hockey stick by trading 8 baseball bats. These facts indicate that if Canada were to allow trade, it would export hockey sticks.

International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, scramble for Africa, Atlantic slave trade, salt roads), its economic, social, and political importance has been on the rise in recent centuries.

Carrying out trade at an international level is a complex process when compared to domestic trade. When trade takes place between two or more states factors like currency, government policies, economy, judicial system, laws, and markets influence trade.

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Complete question: Suppose the nation of Canada forbids international trade. In Canada, you can obtain a hockey stick by trading 5 baseball bats. In other countries, you can obtain a hockey stick by trading 8 baseball bats. What does these facts indicate ?

Assume there are external benefits associated with the production of good X. Without
government regulation, the market will:
A) produce too much of good X.
B) price good X less than the marginal social cost.
C) price good X less than the marginal social benefit.
D) price good X greater than the marginal cost.

Answers

There are external benefits which are associated with the production of good X. Without government regulation, the market will price good X less than the marginal social benefit.

Government regulations are effectively rules which tend to define the bounds of the legal behavior. So, most of the regulations are seen to be expressed in a natural language.

However, when the negative externalities which of consumption such as pollution are seen to be created, the marginal social benefits will then be less than the marginal private benefits. Marginal benefit is considered to be the change in benefits resulting from the consumption of one additional unit.

Hence, option C is correct.

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The economic model of consumer behavior predicts that consumers will choose to buy the combination of goods and services that makes them as well off as possible from among all the combinations that their budgets allow them to buy.
The Economic Model of Consumer Behavior

Answers

The economic model of consumer behavior predicts that consumers will choose to buy the combination of goods and services that makes them as well off as possible from among all the combinations that their budgets allow them to buy.

The economic model, one of the oldest models of consumer behaviour tries to explains what a person is likely to buy and in what quantity. This model takes into consideration the behaviour of an economic man, who would give foremost importance to the monetary or financial considerations while making a decision. The ultimate objective of an individual, as per this model, is the maximization of satisfaction by investing the minimum money resources for the satisfaction of needs and wants.

Despite having certain limitations, it is one of the widely used models of consumer behaviour and is a must know for all the students of marketing and business management. The economic model of consumer behavior predicts that consumers will choose to buy the combination of goods and services that makes them as well off as possible from among all the combinations that their budgets allow them to buy.

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Complete question: Fill in the blanks. _______ predicts that consumers will choose to buy the combination of goods and services that makes them as well off as possible from among all the combinations that their budgets allow them to buy.

TRUE/FALSE. when more and more factories move out of the cities each year, manufacturing jobs, historically the first step into the job market for the urban poor

Answers

The Civil War sparked US industrialization. Industry, urbanization, and the mass urban workforce developed from the rapid spread of the railroad across the nation and the surpluses from mechanized agriculture. The industry grew steadily in the US labor force from 1840 to the early 1950s, interrupted only by the Great Depression.

This business spurred city building in Philadelphia, New York, Detroit, Chicago, and St. Louis. After the Second World War, suburbanization halted this development. Because of deindustrialization, the United States is no longer able to sustain a stable urbanized working class, which has led to the social and physical deterioration of metropolitan areas that have been only somewhat mitigated by the more recent urban gentrification and the concomitant service sector jobs.

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The right question is:

When more and more factories move out of the cities each year, manufacturing jobs, historically the first step into the job market for the urban poor, have become fewer and fewer.

(A) When more and more factories move out of the cities each year, manufacturing jobs, historically the first step into the job market for the urban poor, have become fewer and fewer.

(B) At the time that more and more factories move out of the cities each year, manufacturing jobs, historically the first step into the job market for the urban poor, become less and less.

(C) When more and more factories move out of the cities each year, then manufacturing jobs, historically the first step into the job market for the urban poor, become less and less.

(D) Since more and more factories have moved out of the cities each year, manufacturing jobs, historically the first step into the job market for the urban poor, have become less and less.

(E) As more and more factories move out of the cities each year, manufacturing jobs, historically the first step into the job market for the urban poor, become fewer and fewer.

Washington County Airport (WCA) faces three potential contingency situations, described below. The end of the fiscal year is December 31, 2021.1. WCA is suing a national airline. WCA's lawyers confirm that it is probable WCA will be awarded damages of $500,000 in the case.2. In June, 2021 a worker was injured in an accident and has sued the company for $200,000. Legal counsel believes it is reasonably possible, but not probable, that the outcome of the suit will be unfavorable, and that the settlement would cost the company from $100,000 to $200,000.3. A suit for $1.5 million was filed by an airline on November 3, 2021. Legal counsel believes an unfavorable outcome is probable. A reasonable estimate of the award payment to the airline is between $500,000 and $1 million. No amount within this range is a better estimate of potential damages than any other amount.Required:Determine the appropriate means of reporting each situation for the year ended December 31, 2021 and record any necessary entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e. $5 should be entered as $5,000,000).)

Answers

Answer: answers below

Explanation:1.) No entry required. The same can be disclosed in notes to financial statements so as to give information of this case of all the stakeholders. This is due to conservative approach. Contingent Assets are recorded to ledgers only if they are certain. As there is no certainty to win the case, same can not be posted to General Ledger.

2.) of all the stakeholders. The contingent liability should not be accrued because the loss in not probable. The note should indicate the range of the possible loss.

3.) Loss Dr 5

Contingent Liability Cr 5

Note: Disclose the nature of liability, amount of suit, nature of contingency, reason and range of the possible loss. Liability should be recorded as it is probable to incur and amount of loss can be reasonably estimated. In case of range of possible loss, provision should be made of lower amount.

Nataro, Incorporated, has sales of $680,000, costs of $342,000, depreciation expense of $86,000, interest expense of $53,000, a tax rate of 23 percent, and paid out $40,000 in cash dividends. The firm has 29,800 shares of common stock outstanding.
a. What is the earnings per share, or EPS, figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. What is the dividends per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

Part a:  Earnings Per Share (EPS) = $5.14

Part b: Dividend per share = $1.67

Earnings Per Share (EPS) refers to the earnings of each shareholder of company

Earnings Per Share (EPS) = Net income of company/ Number of common shares outstanding

Calculation of Earnings Per Share (EPS):

Particulars           Amount

Sales                 $680,000

Less: Costs         $342,000

Depreciation      $86,000

Interest expense $53000

Earnings before tax $199,000

Less:  Tax at 23%  $45,770

Net income (A) $1,53,230

Number of common shares outstanding (B) 29800

Earnings Per Share (C) = (A) / (B) = 5.14

Hence, earnings Per Share (EPS) = $5.14 (round off)

Part b:

We know, dividend per share = Total amount of dividends paid/ Number of common shares outstanding

So, Dividend per share = $40000 / 29800

So, the Dividend per share = $1.34

Hence, dividend per share = $1.67 (round off)

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the administrator is permitted to initiate a disciplinary proceeding against an agent for all of the following reasons except if he or she: a finds that the agent has engaged in dishonest practices 6 months after that individual's registration has been terminated b finds that the agent has engaged in dishonest practices 6 months after that individual's registration has expired

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The administrator is permitted to initiate a disciplinary actions against an agent for all of the following reasons except if he or she:  knew of facts at the time that the agent was granted the license, but did not deny the license based upon those facts.

Before any unfavorable or disciplinary action is  taken against the agent by a federal agency, the agents are entitled to due process. Both Chapter 75 of Title 5 of the United States Code and Part 752 of Title 5 of the Code of Federal Regulations provide for these types of activities (CFR). Disciplinary actions by the administrator can be in  the form of dismissals, promotions, grade reductions, or more-than-14-day suspensions. Letters of warning, verbal or written counseling, letters of reprimand, or suspensions of less  than 15 days are the few examples of disciplinary actions which can be taken by the administrators against the agents.

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