Write an essay about the effect of cost and production on our economy.

Answers

Answer 1

Answer:

Costs and production are both very important for the economy.

Explanation:

Costs are the values of the goods and services used for the production of other goods and services. For example, for the production of a chair, we must factor the cost of the raw material: wood, and the cost of direct labor: the wage of the carpenter.

Costs therefore, are crucial in determining the amount of output in an economy.

Cost also determine help determine the market structure of the economy. In general terms, when costs are high, profits are lower, which attracts less firms to the sector, and results in less competitive market structures such as oligopoly or monopoly.

The opposite is true when costs are low, because in this situation profits are likely to be higher, which attracts more firms to the sector, resulting in more competitive market structures like perfect competition or monopolistic competition.

Finally, we can say that the production of goods and services is important because it is the most important factor in determining the living standars of people in an economy. When many goods and services are produced, people obtain higher incomes because they are paid for the production of these goods and services.


Related Questions

Hello thank you so much for your help so kinda a long question here (multiple parts).
2. The Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio is 20 percent. Households deposit $5000 in currency into the bank and that currency is added to reserves.
Recall, to calculate checkable deposits you have to add the original checkable deposits to the new deposit. To calculate required reserves for the deposits, you have to multiply the required reserve ratio (decimal from) by checkable deposits. To calculate excess reserves, you will subtract required reserves from actual reserves.
2.1. What level of excess reserves does the bank now have?



2.2. Complete the table below for the Third National Bank. You have to distinguish between a bank's assets and bank's liabilities.
The figures in the table below are for the Third National Bank. All figures are in thousands of dollars. (Table/chart/graph) normally goes here)

2.3. What is the total assets of this bank? Explain the basics of this bank’s balance sheet.

2.4.If the required reserve ratio for the Third National Bank is 10 percent, what is the monetary multiplier?
(helpful stuff)Recall, to calculate you have to use the formula: Monetary Multiplier = 1÷Required Reserve Ratio. The money multiplier is a key measure in banking that helps to predict the money supply that will be available to drive economic growth. As you can see from the formula, if the reserve requirement is 20%, the money multiplier will be 1 divided by 0.2, which is 5. We can then use the money multiplier multiplied by the excess reserves to determine the maximum checkable-deposit creation that will be provided by the new money entering the system.




2.5. If the monetary multiplier is 4, what is the required reserve ratio? Describe how and identify by what amount the Third National Bank can create money in the economy.
(helpful stuff)Recall that, generally, bank creates money in a typical economy by making loans. The Fed sets the reserve requirement (the required reserve ratio) that directly affects the amount of money creation.

Answers

Answer:

it is too long don't understand sorry

Trout Lumber Yard has a current accounts receivable balance of $447,516. Credit sales for the year just ended were $8,105,305. a. What is the receivables turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the days’ sales in receivables? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. How long did it take on average for credit customers to pay off their accounts during the past year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

Answer:

Trout Lumber Yard

a. The receivables turnover = Net Credit Sales/Average Receivables

= $8,105,305/$447,516

= 18 times per year

b. The Days' Sales in Receivables = Average Receivables/Credit Sales * 365

= $447,516/$8,105,305 * 365

= 20.15 days

c. On the average, it took 20.15 days (365/18.11) for credit customers to pay off their accounts during the past year.

Explanation:

a) Data and Calculations:

Accounts receivable balance = $447,516

Credit sales for the year just ended = $8,105,305

The receivables turnover = Net Credit Sales/Average Receivables

= $8,105,305/$447,516

= 18.11 times

The Days' Sales in Receivables = Average Receivables/Credit Sales * 365

= $447,516/$8,105,305 * 365

= 20.15 days

Noncompensatory stock option plans have all of the following characteristics except:__________

a. participation by substantially all full-time employees who meet limited employment qualifications.
b. equal offers of stock to all eligible employees.
c. a limited amount of time permitted to exercise the option.
d. a provision related to the achievement of certain performance criteria.

Answers

Answer: d. A provision related to the achievement of certain performance criteria

Explanation:

While compensatory plans are used in order to compensate the employees of a particular company, the noncompensatory stock option is one whereby the employees of a company are allowed to purchase the stock of that company at a particular price t a specific price and at a particular time period.

Some of its characteristics include:

• participation by substantially all full-time employees who meet limited employment qualifications.

• equal offers of stock to all eligible employees.

• a limited amount of time permitted to exercise the option.

Option D that "provision related to the achievement of certain performance criteria" isn't a characteristics. Therefore, D is the answer.

How many times did Donald trump declare bankruptcy

Answers

Six times is the answer
The person above it correct.....6

Foreign persons, including foreign governments, may sue under U.S. antitrust laws in U.S. courts.

a. True
b. False

Answers

Answer:

a. True

Explanation:

An antitrust law can be defined as a statute or legal framework developed by the federal and state government of the United States of America, which regulates the actions and conducts of business entities so as to protect end users (customers) from predatory business activities and to boost competitiveness among businesses.

In the United States of America, an example of an antitrust law is the Sherman Act of 1890.

Generally, foreign persons, including foreign governments, may sue under U.S. antitrust laws in U.S. courts.

Which statement describes how borrowers will most likely benefit when the Fed reduces reserve requirements? Loan requirements will likely be relaxed. Interest rates will likely decrease. Housing prices will likely decrease. Investment opportunities will likely improve.

Answers

Answer:

B. Interest rates will likely decrease.

Explanation:

The statement describes how borrowers will most likely benefit when the Fed reduces reserve requirements is that interest rates will likely decrease.

How does Fed respond to recessions?

In the time of recessions, the Fed do uses different monetary policy tools in order to reduce unemployment rates and re-inflate prices.

These tools are said to be open market asset purchases, reserve regulation, etc. Borrowers will most likely benefit when the Fed reduces reserve requirements when interest rates will likely decrease.

Learn more about interest  rates from

https://brainly.com/question/2294792

Sienna Manufacturing uses a two-step process to make a metal part. The first step involves cutting with a machine that requires a 40-minute setup time before the production of each batch. The cutting takes 30 minutes per part. The second step is polishing the parts from cutting. The polishing takes 40 minutes per part, and the polishing machine requires no setup. Assume demand is unlimited. What is the ideal batch size of the parts?

a. 10
b. 8
c. 4
d. 2

Answers

The correct answer is:

c. 4

Cash flows from operating activities include:__________.a) paying principal to lenders. b) changes in accounts receivable. c) purchases of equipment. d) proceeds from stock issuance.

Answers

Answer:

it is flowatational

Explanation:

Cash flows from operating activities include:flowatational.a) paying principal to lenders. b) changes in accounts receivable. c) purchases of equipment. d) proceeds from stock issuance.

your newest coworker is not as productive as other members on your team

Answers

Fire them then or give them more training and lower pay

Assume that Cram Sales Company completed the following note payable transactions:_______.2016July 1 Purchased delivery truck costing $57,000 by issuing a one-year, 6% note payable. Dec 31 Accrued interest on the note payable. 2017 Jul 1 Paid the note payable at maturity. Read the requirements. Requirement 1. How much interest expense must be accrued at December 31, 2016? Round your answer to the nearest whole dollar. The interest expense accrued at December 31, 2016 is $ Requirement 2. Determine the amount of Cram Sales' final payment on October 1, 2017. The amount of Cram Sales final payment on October 1, 2017 is $ Requirement 3. How much interest expense will Cram Sales report for 2016 and for 2017? (Round your answers to the nearest whole dollar) The company will report interest expense of $ in 2016 and $ in 2017.

Answers

Answer:

1. How much interest expense must be accrued at December 31, 2016? $1,710

2. Determine the amount of Cram Sales' final payment on July 1, 2017.

$60,420

3. How much interest expense will Cram Sales report for 2016 and for 2017?

interest expense 2016 = $1,710

interest expense 2017 = $1,710

Explanation:

July 1 Purchased delivery truck costing $57,000 by issuing a one-year, 6% note payable.

Dr Vehicles 57,000

    Cr Notes payable 57,000

Dec 31 Accrued interest on the note payable. 2017

Dr Interest expense 1,710

    Cr Interest payable 1,710

Jul 1 Paid the note payable at maturity.

Dr Notes payable 57,000

Dr Interest payable 1,710

Dr Interest expense 1,710

    Cr Cash 60,420

If you could vote today who would you vote for Trump/ Biden or someone else. I would vote for someone else.

Answers

Answer:

Lauren boebert

Explanation:

Mullis Company sold merchandise on account to a customer for $1,045, terms n/30. The journal entry to record this sale transaction would be: ________

Answers

Answer:

Debit Accounts Receivable $1,045 and credit Sales $1,045.

Explanation:

Date  Account Titles              Debit    Credit

          Accounts Receivable    $1,045

              Sales                                        $1,045

What is global trade?
A. When products, services, and money are exchanged between the United States and Canada
B. When products, services, and money are exchanged between different countries
C. When products, services, and money are exchanged within a single country
D. When products, services, and money are exchanged only between different cities in one state

Answers

Answer:

Answer letter B

When products,services,money are exchanged between different countries.

Answer:

B. When products, services, and money are exchanged between different countries

Why do we practice making associations with simple and mundane problems and resources

Answers

Question Completion with options:

Select all that apply.

A. To bring some light-hearted humor to practicing a rather difficult behavior.

B. Things like losing your keys and empty ink cartridges are actually more important of a problem than expected.

C. Due to their simplicity, there is a “right” or “perfect” solution to be identified.

D. Removes the risk associated with trying to find the “right” or “perfect” solution.

E. They are problems and resources that most people have experience with or can relate to.

Answer:

We practice making associations with simple and mundane problems and resources because:

E. They are problems and resources that most people have experience with or can relate to.

Explanation:

Such problems and resources are malleable to daily practice and association because they are simple and commonplace.  Most people can also relate to the given problems and resources, having acquired the experience before or they have been associated with the resources for solving the particular problems.  So making them a subject of practice, it becomes easier to use them as anecdotes for teaching and enlightenment.  Experience, some claim, is a good teacher.

Jacob works as a researcher for a car showroom. He's going to collect data about consumers' changing preferences, Interests, and demands. He
doesn't plan to select a sample or conduct a survey. Instead, he wants to analyze the behavior of random consumers on his own. He wants to
study their reactions without letting them know that they are a part of the research study. He has decided to go to car showrooms and check
how consumers react to various car models. The notes that he plans to record during the process will form the basis of the market research
data. Which method of primary market research does Jacob plan to use?

Answers

Answer:

Visits to competitors' locations

Explanation:

Analyzing the information obtained in the scenario of the question above, it is correct to state that Jacob plans to use the primary market research method of visits to competing locations.

This method consists of gathering essential data and information for his research collected directly in a place that can serve as a parameter as a real scenario, that is, when visiting competing places, Jacob will be able to achieve his goal of collecting information, which is to analyze through of a real situation as is the behavior of random consumers on their own and understand their reactions.

This method can be effective because it eliminates biased behaviors by research participants, so that it can identify a real consumption situation without any type of interference, and it can be ideal to identify patterns of behavior that help to identify data about changes in consumer preferences, interests and demands, which is the goal of your research.

Answer:

behavior observation

Explanation:

If you were a loan officer evaluating a small business credit application for a loan and you wanted to ensure that the applicant had more than sufficient cash flow to pay off its existing debt, the applicant's cash-flow-to-debt ratio would have to be greater than:_______

a. the TIE ratio.
b. peer average ratio.
c. the interest rate on the debt.
d. zero.
e. one.

Answers

Answer:

c. the interest rate on the debt.

Explanation:

The rate of interest on the debt is the amount i.e. payable to the firm on the regular basis. Also the firm have the more balance so that it ensures that they are free fro any default risk

Therefore according to the given situation, it is mentioned that the applicant had more than the enough cash flow so that he pay off the existing debt

Therefore the cash flow to debt ratio would be higher than the interest rate on the debt

hence, the option c is correct

On January 1, 2017, Ellison Co. issued eight-year bonds with a face value of $6,000,000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31. The bonds were sold to yield 8%.

Present value of 1 for 8 periods at 6% 0.627
Present value of 1 for 8 periods at 8% 0.540
Present value of 1 for 16 periods at 3% 0.623
Present value of 1 for 16 periods at 4% 0.534
Present value of annuity for 8 periods at 6% 6.210
Present value of annuity for 8 periods at 8% 5.747
Present value of annuity for 16 periods at 3% 12.561
Present value of annuity for 16 periods at 4% 11.652

The issue price of the bonds is:_________

a. $5,337,360.
b. $5,997,600.
c. $5,301,360.
d. $5,308,920.

Answers

Answer:

Bond Price = $5,300,862.264 rounded off to $5,300,862.26

Explanation:

To calculate the price of the bond today, we will use the formula for the price of the bond. Assuming the bond is an annual bond, the semi coupon payment, number of periods and semi annual YTM will be,

Coupon Payment (C) = 6,000,000 * 0.06 * 6/12 = 180 ,000

Total periods (n) = 8 * 2 = 16

r or YTM = 0.08 * 6/12 = 0.04 or 4%

The formula to calculate the price of the bonds today is attached.

Bond Price = 180000 * [( 1 - (1+0.04)^-16) / 0.04]  + 6000000 / (1+0.04)^16

Bond Price = $5,300,862.264 rounded off to $5,300,862.26

Sand Point Corporation's common stock recently paid a dividend of $1.50. Investors require a 16% rate of return on this stock. Sand Point earns a 30% return on equity. The firm pays 60% of its earnings as dividends, and reinvests 40% of earnings in the firm. What is the value of the stock

Answers

Answer: $42

Explanation:

Value can be found using the Gordon Growth model;

= (Current dividend * (1 + Growth rate)) / ( required return - growth rate)

Growth rate =  Retention ratio * Return on equity

= 40% * 30%

= 12%

Value = (1.50 * 1.12)/ ( 16% - 12%)

= $42

A project has an initial cost of $480,000, projected cash inflows of $311,500, cash costs of $214,650, a tax rate of 35 percent, and a weighted average cost of capital of 13.8 percent. What is the net present value of the project

Answers

Answer:

The net present value of the project is -$23,822.46.

Explanation:

Gross profit = Cash inflow - Cash cost = $311,500 - $214,650 = $96,850

Tax = Gross profit * Tax rate = $96,850 * 35% = $33,897.50

Net profit = Gross profit - Tax = $96,850 - $33,897.50 = $62,952.50

The net profit which is an annual income is a type of perpetuity and its present value can be calculated as follows:

Present value of perpetuity = Annual net profit or income / weighted average cost of capital = $62,952.50 / 0.138 = $456,177.54

The net present value of the project can now be calculated as follows:

Net present value of the project = Present value of perpetuity - Initial cost = $456,177.54 - $480,000 = -$23,822.46

Therefore, the net present value of the project is -$23,822.46.

Jim earns $100,000 a year at his job. He owes $20,000 a year for his home mortgage payment, and $30,000 a year for his combined cabin, boat, and car payments. What is Jim's yearly accumulated wealth before he spends anything on himself or his family?

Answers

Answer: $50,000

Explanation:

From the question, we are informed that Jim earns $100,000 a year at his job and that he owes $20,000 a year for his home mortgage payment, and $30,000 a year for his combined cabin, boat, and car payments.

Jim's yearly accumulated wealth before he spends anything on himself or his family will be his earnings less the amount owed. This will be:

= $100,000 - ($20,000 + $30,000)

= $100,000 - $50,000

= $50,000

The MRP input storing information on the status of each item by time period (e.g., scheduled receipts, lead time, lot size) is the:

Answers

Answer:

inventory records

Explanation:

The development and application of MRP was based upon on the recognition of the difference between independent and dependent demand, and computers.

The output of MRP is a schedule of requirements for all parts and end items.

Inventory records is simply known to be a form used during a periodic inventory to record information about each item of merchandise on hand or in store.

Assume that the standard cost to make one finished unit includes 2 hour of direct labor at $8 per hour. During April, 22,000 direct labor-hours were worked, 10,500 units of product were manufactured, and total direct labor cost was $160,000. What is the labor rate variance for April

Answers

Answer:

the labor rate variance is $16,000 unfavorable

Explanation:

The computation of the labor rate variance is shown below:

As we know that

Labour Rate Variance = ( Actual Rate - Standard Rate) ×Actual Hours Worked

= ($160,000 ÷ 22,000 direct labor hours - $8) × 22000  direct labor hours

= ($7.27 - $8) × 22000  direct labor hours

= $16,000 Unfavorable

hence, the labor rate variance is $16,000 unfavorable

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

When looking at developing a particular residential project in a market, the most important factors in figuring out the market area are ___________

Answers

Answer: employment opportunities and commuting ranges.

Explanation:

When looking at developing a particular residential project in a market, the most important factors in figuring out the market area are employment opportunities and commuting ranges.

One should look at the employment opportunities that such project will bring as this is vital to improving the standard of living of the people in the area. One should also look at the commuting ranges as that is vital too.

You would like to start a cellular telephone equipment service business. you are considering organizing the business as a sole proprietorship. Identify the advantages and disadvantages of owning a sole proprietorship

Answers

Answer:

A business with two or more owners and not organized as a corporation.

Explanation:

Yields on short-term bonds tend to be more volatile than yields on long-term bonds. Suppose that you have estimated that the yield on 20-year bonds changes by 10 basis points for every 21-basis-point move in the yield on 5-year bonds. You hold a $2.1 million portfolio of 5-year maturity bonds with modified duration 4 years and desire to hedge your interest rate exposure with T-bond futures, which currently have modified duration 9 years and sell at F0 = $70. How many futures contracts should you sell? (Do not round intermediate calculations. Round your final answer to the nearest whole number.)

Answers

Answer:

67

Explanation:

thebyield is good

. What do you think the purpose of standardized testing is? ​

Answers

Answer:

Explanation:

The purpose of standerdized testing is to allow teachers and administrators to ajust teaching procedures to better educate the students in that School/Area/State.

Answer:

Its for teachers and the school know how you are doing in school. Don't stress about tests. :D

Explanation:

Suppose on Monday June 1, you long and I short the futures contract on 1000 units of commodity, for December delivery. We enter the positions when the futures price is $15 per unit. We are required to post margins equal to 12% of the contract amount. On Tuesday June 2, the December contract settles at $15.75. Between Monday and Tuesday, my return will be what percentage?

a. -4.2%
b. 50%
c. -42%
d. 5%

Answers

Answer: -42%

Explanation:

Based on the scenario in the question, the initial investment will be:

= 15 × 1000 × 12%

= 15 × 1000 × 0.12

= $1,800

We then calculate the return. This will be:

=[(15 - 15.75) × 1,000]/1,800

= -750/1,800

= -0.4166666667

Return = -42%

Ralph has a balance of $1350 on his credit card, which he plans to pay off by
making a payment of the same amount each month. Which of these monthly
amounts will allow Ralph to pay off his balance the fastest?
O A. $40
B. $35
C. $25
O D. $30

Answers

Answer:

d

Explanation:

what is confidential information​

Answers

Answer:

Information that is top secret vip your eyes only

Answer:

"Confidential Information" means all material, non-public, business-related information, written or oral, whether or not it is marked as such, that is disclosed or made available to the receiving party, directly or indirectly, through any means of communication or observation!

Hope it helps!

Please mark as Brainliest

Largo Company has unit costs of $10 for materials and $30 for conversion costs. If there are 2,500 units in ending work in process, 40% complete as to conversion costs, and fully complete as to materials cost, the total cost assignable to the ending work in process inventory is:_________

Answers

Answer:

$55,000

Explanation:

Calculation for the total cost assignable to the ending work in process inventory

First step is to calculate the ending Materials Cost:

Ending Materials Cost = [(2,500 units × $10]

Ending Materials Cost = $25,000

Second Step is to calculate the ending Conversion Cost:

Ending Conversion Cost = [(2,500 units × 40%) × $30]

Ending Conversion Cost = [(1,000) × $30]

Ending Conversion Cost = $30,000

Last step is to calculate the total cost assignable to the Ending work in process inventory cost using this formula

Ending work in process inventory cost = Ending Materials Cost + Ending Conversion Cost

Let plug in the formula

Ending work in process inventory cost = $25,000 + $30,000

Ending work in process inventory cost = $55,000

Therefore the total cost assignable to the ending work in process inventory is $55,000

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