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For the past several decades in the united states, disposable income has been most closely linked with
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Final answer:
Disposable income in the United States has been most closely linked with consumption, as seen from historical data between 1962 and 2010, with consumption being approximately 91% of the disposable income.
Explanation:
For the past several decades in the United States, disposable income has been most closely linked with consumption. This is evident from the historical data that shows both consumption and disposable income grew substantially from 1962 to 2010. The close relationship between the two is highlighted by the fact that consumption expenditures are, on average, about 91 percent of disposable income. Additionally, empirical evidence from this period shows consumption generally changes in the same direction as disposable personal income.
Instances like the tax cut in February 1964, which led to an increased disposable income, resulted in a corresponding rise in consumption expenditures. With these historical patterns, it is understood that economic policies affecting disposable income can have significant impacts on consumption behavior.
Employees earn vacation pay at the rate of one day per month. during the month of july, 32 employees qualify for one vacation day each. their average daily wage is $107 per day. what is the amount of vacation benefit expense to be recorded for the month of july?
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The equation that allows us to answer this question is,
x = (32 employees) x ($107 / employees)
x = $3,424
The amount of vacation benefit expense to be recorded for the month of July is equal to $3,424.
Part of vicky's job as a production supervisor is to instruct each department on what work to do and the time in which they have to complete their work assignments. this part of her job is known as
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Dispatching refers to splitting all the task required to do into several pieces and distribute it to all of the workers to the task could be finished faster.
In order to do this, vicky need to know the time availability of her team members and each of their capabilities
The part of Vicky's job as a production supervisor that involves instructing each department on work assignments and deadlines is known as work planning and scheduling.
Explanation:The part of Vicky's job as a production supervisor that involves instructing each department on work assignments and deadlines is known as work planning and scheduling. It is crucial for Vicky to ensure that all departments are aware of their tasks and the timeframe within which they need to be completed to ensure a smooth workflow and timely completion of the overall production.
When a relational expression is false, it has the value ________?
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True or false: if a company with low automation wanted to invest in a single area that exclusively lowers labor costs, they would select qit (quality initiative training).
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TRUE. The TQM are permits teams with an established policy to venture in areas which will convenience them the most. For example, if a team produces a policy that offers labor cost so it can complete R&D projects faster, it would want to invest in Quality Initiative Training, which reduces labor cost.
Refer to redbox. redbox offers dvds from several production studios, such as disney, sony, and paramount. consumers just have to rent from redbox instead of obtaining the dvd from the various production studios if they want a children’s movie from disney and an action movie from paramount. thus, one kiosk provides _____ for both consumers and the production studios.
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In this case, contact efficiency refers to how easy customers could communicate with the producers. Usually, this being done by cutting the number of transactions for the goods to arrive at customers' hands.
Two key components of corporate profitability are _________ and _________.
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Problem 10-3 eastman publishing company is considering publishing an electronic textbook about spreadsheet applications for business. the fixed cost of manuscript preparation, textbook design, and web-site construction is estimated to be $160,000. variable processing costs are estimated to be $6 per book. the publisher plans to sell single-user access to the book for $46. (a) build a spreadsheet model in excel to calculate the profit/loss for a given demand. what profit can be anticipated with a demand of 3,500 copies? for subtractive or negative numbers use a minus sign.
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Fixed cost = $160,000
Variable cost = $6 per book
Selling price = $46 per book
First, we have to establish an equation to know the profit or loss of the company.
Total cost = Fixed cost + Variable Cost (number of books)
Total sales = Selling price (number of books)
The profit is calculated by subtracting the total cost from the total sales.
Profit = Total sales - total cost
The following equations are useful:
let x = number of books produced
y = number of books sold
Total cost = $160,000 + $6x
Total sales = $46y
The value of x can be changed according to the actual number of books produced. y can be changed according to the actual number of books sold
Profit = $46y - ($160,000 + $6x)
If x = y = 3500
Profit = $22,000 for 3500 books
Given a demand of 3,500 copies, Eastman Publishing Company is expected to incur a loss of $20,000 according to our calculation.
Explanation:The question involves a fundamental concept in cost accounting and business management, requiring us to calculate the profit or loss for Eastman Publishing Company. In this case, we use the equation for Profit: Profit = Total Revenue - Total Cost. Total Revenue is calculated by multiplying the price per book ($46) by the quantity sold (in this question we are considering a demand of 3,500 copies). Total cost is calculated by adding the fixed costs ($160,000) and the variable costs (which are the product of the variable cost per book ($6) and the quantity sold).
So, the calculation would be: Profit = ($46 * 3,500) - ($160,000 + $6 * 3,500).
Profit = $161,000 - $160,000 - $21,000.
Therefore, the expected profit given a demand for 3,500 copies would be -$20,000. Consequently, the company would incur a loss with this level of demand.
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A _____________ allows for an mtu as high as 9198 bytes.â
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mtu stands for maximum transmission unit, which is the size of the largest network layer. A jumbo frame is an Ethernet (most widely installed local area network, LAN technology) frame. It has payload greater than the standard MTU (maximum transmission unit).
Disability income policies usually have a(n) _____, which is a time delay from the date of the issuance of the policy until benefit privileges are activated.
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if jason’s fixed cost totals $800 with variable cost per unit of $10 at a quantity of 100 units, what would his average total cost equal?
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A conventional cash flow pattern associated with capital investment projects consists of an initial ________.
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"reducing taxes in response to a recession is an example of _____ policy."
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The answer to this question is a Fiscal Policy. Fiscal policy is the ability of the Government to use taxes and its capacity to spend or expenditures to give an impact in the economy of the country. Fiscal policy is a tool that influenced or affects the economic activity of a country.
The fedâs three basic tools operate by adjusting interest rates (rental price of money) and the __________ of money.
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Supply
The FEDAS three basic tools operate by adjusting interest rates (rental price of money) and the supply of money.
What are Interest rates?The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rates. The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing was made.
The amount that the lender charges the borrower over and beyond the principal amount is referred to as the interest rates. A person who deposits money in a bank or other financial institution also earns additional income in terms of the recipient, known as interest, taking into account the time value of money.
Therefore the interest rates affected by the economy's health and people's propensity to save money. In a free market where supply and demand are in play, interest rates are set. the inflation rate, the borrower's level of risk and the interest's tax treatment.
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In 2003, several investment banking firms were fined $1.4 billion for ethics abuse related to the underwriting process. will this be a deterrent for ethical lapses?
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Knowing that they could be fined large amount of money if found to be engaging in acts that ethically incorrect will serves to discourage investment banking firms from such acts.
The sea wharf restaurant would like to determine the best way to allocate a monthly advertising budget of $1000 between newspaper advertising and radio advertising. management decided that at least 25 percent of the budget must be spent on each type of media and that the amount of money spent on local newspaper advertising must be
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If local newspaper advertising is one of the four types, then:
$1000(25%) = $250
It would get $250 from the overall budget.
Suppose the baldwin company expands to other markets with good designs, high awareness and easy accessibility, what strategy would they be implementing
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Since you mentioned that Baldwin compamny will expand to another company with better edge (products etc.) to appear on top, that simply means they are actively competing against the company they are expanding to while employing blue ocean strategy.
Therefore, the strategy they are using is none other than BLUE OCEAN STRATEGY.
British airways employed _____ when it used product placement to make sure that viewers of the movie die another day knew that james bond flies first class on a british airways plane. (the scene occurs late in the movie.) the airline ran advertising campaign based around the slogan, "save your pennies, fly like bond," referring to the secretary that bond flirts with in each film. british airways also paid for the rights to screen the film on its flights before the movie was available at video stores.
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British airways employed integrated marketing communications when it used product placement to make sure that viewers of the movie die another day knew that james bond flies first class on british airways. The airline ran advertising campaign based around the slogan, save your penny’s fly like bond referring to the secretary that bond flirts with in each film. British airways also paid for the rights to screen the film on its flights before the movie was available at video stores. Integrated marketing communications is the usage of marketing approaches to improve the communication of a reliable message of the company's products to stakeholders.
British Airways utilized product placement and advertising to associate their first-class service with the prestigious image of James Bond, further promoted by exclusive in-flight screenings before release at video stores.
Explanation:British Airways employed marketing strategies when it used product placement in the movie Die Another Day to convey that James Bond flies first class on a British Airways plane. This form of advertising also included a campaign with the slogan, "Save your pennies, fly like Bond," capitalizing on the prestige associated with the James Bond character. Moreover, securing the rights to screen the movie on their flights before it was available at video stores was part of their exclusive promotional activities.
One of the shortcomings of direct marketing is that the firm cannot easily measure the response.
a. True
b. False
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Monopolistic competitors in the food industry will often include a recyclable symbol on packaging used for their product as a means to
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Harmony under monopolistic competition. In the short run, supernormal benefits are conceivable, however, over the long haul, new firms are pulled in into the business, as a result of low boundaries to the passage, great learning and a chance to separate.
In terms of the evolution of payment and exchange, wage labor is more developed than piecework payment because under wage labor:
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One consequence of providing an inaccurate operational definition of the properties we intend to measure is that the measurement will be:
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What would happen to your net worth if you sold a tangible asset you owned for $1,000 and used the money to pay off your credit card balance for $1,000?
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If you sold a tangible asset you owned for $1,000 and used the money to pay off your credit card balance for $1,000, then your net worth would remain the same.
To add, the concept applicable to individuals and businesses as a key measure of how much an entity is worth is called net worth.
A sole proprietor of a farm implement store sold a truck for $15,000 that had been used to make service calls. the truck cost $30,000 three years ago, and $21,360 depreciation was taken. what is the appropriate classification of the $6,360 gain for tax purposes?
a. section 1231 gain.
b. long-term capital gain.
c. ordinary gain.
d. short-term capital gain
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The $6,360 gain from the sale of a truck used in a farm implement store is classified as a Section 1231 gain since it's from a business asset held for more than one year. The correct option is a.
The gain on the sale of the truck used for service calls in a farm implement store would be classified as a Section 1231 gain. The truck was a business asset that was held for more than one year, originally costing $30,000 with $21,360 in depreciation taken. Upon selling the truck for $15,000, the sole proprietor realized a gain of $6,360. Since the asset was used in a trade or business and was held for longer than one year, the gain is treated as Section 1231 gain, which is subject to preferential tax treatment and may be taxed at long-term capital gains rates if positive Section 1231 gains exceed Section 1231 losses for the tax year.
Midyear on july 31st, the baldwin corporation's balance sheet reported: total assets of $166.859 million total common stock of $5.080 million cash of $8.040 million retained earnings of $36.411 million. what were the baldwin corporation's total liabilities?
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NW = As - Li
where NW is the networth, As is the asset, and Li is liabilities.
From the given above, the total asset (As) is given to be $166.859M. The net worth is equal to the sum of the common stock, cash, and retained earnings.
Networth = ($5.080 M) + ($8.040 M) + ($36.411 M)
Networth = $49.531
The the equation above, we may derive the equation for liability by transposing,
Li = Asset - Networth
Li = ($166.859 M) - ($49.531 M)
Li = $117.328
Hence, the total liability is equal to $117.328.
A machine with a cost of $65,000 has an estimated residual value of $5,000 and an estimated life of 5 years or 15,000 hours. it is to be depreciated by the units-of-production method. what is the amount of depreciation for the second full year, during which the machine was used 5,000 hours? $8,000 $12,000 $20,000 $21,667
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A company's inventory balance at 12/31/16 was $191,600 and $204,000 at 12/31/15. its accounts payable balance at 12/31/16 was $88,000 and $83,600 at 12/31/15, and its cost of goods sold for 2016 was $724,000. the company's total amount of cash payments for merchandise in 2016 equals:
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Dec. 31. 2016
Assets
Cash- $191,600
Dec. 31. 2015
Assets
Cash- $204,000
Goods sold for 2016- $724,000
Liabilities
Dec. 31.2016
Accounts Payable- $88,000
Liabilities
Dec. 31. 2015
Accounts payable- $83,600
In order to find the company's total amount of cash payments for 2016, you find the minus the previous assets with the new assets..
Ex. $191,600 - $204,000 = -12,400
Then minus your answer with Goods Sold in 2016
Ex. $724,000 - $12,400 = $711,600
Then, minus the pervious amount of Accounts payable with the new Accounts Payable
Ex. $88,000 - $83,600 = $4,400
New payments for 2016-
Ex. Add $88,000 + $83,600 = $171,600
Then, $171,600 - $4,400 = $167,200
Thus, $167,200 equals the company's total amount of cash payments 2016.
A high-ranking manager who advocates the project and uses her or his influence to gain approval of the project is a project
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If cherries cost twice as much as dates, and the last cherry consumed provides twice as much utility as the last date consumed, the consumer is maximizing utility.
a. True
b. False
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MUc=2*MUd
The price of the cherries is Pc and of the dates Pd: Pc=2*Pd.
According the utility maximization: MUc/Pc=MUd/Pd
2*MUd/2*Pd=MUd/Pd
So, yes the consumer is maximizing utility.
Suppose that disposable income, consumption, and saving in some country are $800 billion, $700 billion, and $100 billion, respectively. next, assume that disposable income increases by $80 billion, consumption rises by $56 billion, and saving goes up by $24 billion.
a. what is the economy’s mpc?
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The economy's MPC is calculated as the increase in consumption divided by the increase in disposable income, which is 0.7 in this scenario. The MPS is the remainder after accounting for consumption, which is 0.3, given MPC + MPS = 1.
Explanation:The marginal propensity to consume (MPC) is a key concept in economics that describes the proportion of additional income that is spent on consumption. According to the information provided, the economy's MPC can be calculated by dividing the increase in consumption by the increase in disposable income. With a consumption increase of $56 billion and an income increase of $80 billion, the MPC would be 0.7 (56/80). Similarly, the marginal propensity to save (MPS) describes the proportion of additional income that is saved. Since the MPS must be the remainder of the additional income that is not consumed, and given that MPC + MPS = 1, the MPS in this scenario would be 0.3 (24/80).
Understanding the MPC is crucial as it plays a role in predicting how consumption will change as income changes. If, hypothetically, income starts at zero, there should be some base level of consumption due to the necessity of sustaining life. Based on the assumption of $600 billion of consumption at zero income, this example shows us how the consumption function operates as income levels rise.
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