Answer:
The level of wages that maximize tge profit is $61.257
And the correspond value for the profit is:
[tex]p(61.257)=50(61.257)-0.5(61.257)^2 + .001(61.257)^3 + 200=1616.502[/tex]
Explanation:
For this case we have the following function:
[tex] p(x)= 50x -0.5x^2 +0.001x^3 +200[/tex]
Where x represent the daily wages paid [tex]0 \leq x \leq 500[/tex], and p(x) the profit, the objective is maximize this function, and in order to do this the first step is derivate the function respect to x and we got this:
[tex]\frac{dp}{dx}=50-x+0.003x^2[/tex]
As we can see we have a quadratic equation now we need to set up equal the derivate obtained to 0 and then solve for the critical points, like this:
[tex]\frac{dp}{dx}=0.003x^2 -x +50 =0[/tex]
We can use the quadratic formula given by:
[tex]x =\frac{-b \pm \sqrt{b^2 -4ac}}{2a}[/tex]
And for this case a=0.003 , b=-1 , c =50
Replacing this we got :
[tex]x =\frac{-(-1) \pm \sqrt{(-1)^2 -4(0.003)(50)}}{2(0.003)}[/tex]
[tex] x = \frac{1 \pm \frac{\sqrt{10}}{5}}{0.006}[/tex]
And we got:
[tex] x_1 =61.257 , x_2= 272.076[/tex]
Now we need to find the second derivate, like this:
[tex] \frac{d^2p}{dx^2}=0.006x-1[/tex]
And we can replace the values obtained:
[tex]0.006(61.257)-1 =-0.632 <0[/tex]
So then 61.257 is a maximum.
[tex]0.006(272.076)-1 =0.632 >0[/tex]
So then 272.076 is a minimum.
So then the level of wages that maximize tge profit is $61.257
And the correspond value for the profit is:
[tex]p(61.257)=50(61.257)-0.5(61.257)^2 + .001(61.257)^3 + 200=1616.502[/tex]
Final answer:
The student should calculate the derivative of the profit function, set it to zero to find critical points, and identify which of these maximizes the profit under the given wage constraint.
Explanation:
The student is tasked with finding the level of daily wages that will maximize the company's profit, given the profit function Profit = 50x - 0.5x2 + 0.001x3 + 200, where x represents the daily wage between $0 to $500. To find the wage that maximizes profit, we need to calculate the derivative of the profit function with respect to x and set it to zero to find the critical points. Then we can examine these points within the context of the wage constraints to determine the optimal wage level.
Calculate the derivative of the profit function: d(Profit)/dx = 50 - x + 0.003x2.Set the derivative equal to zero: 0 = 50 - x + 0.003x2.Solve for x to find critical points that fall within the wage range of $0 to $500.Analyze the critical points and choose the one that maximizes profit, considering the constraint.Tasteequik Food markets one line of food products to consumers looking for meals that are very simple and quick to prepare. Tasteequik also offers another line of food targeted to people interested in low-fat, high-nutrition foods.
Tasteequik's strategy of dividing the market into groups that want similar things from the products they buy is an example of:A) benefit segmentation.
B) demographic segmentation.
C) volume segmentation.
D) target segmentation.
Answer:
Letter A is correct. Benefit segmentation.
Explanation:
Benefit segmentation is a marketing strategy that consists of dividing your audience according to the benefits or advantages perceived by the consumer when purchasing a product or service. Segmentation can occur according to various variables such as performance, customer service, special features, quality, and more.
There are several benefits added to this benefit segmentation strategy, especially the conversion of interest in the product or service into new customers, as well as customer retention and satisfaction.
To be successful and achieve the benefits described, segmentation must be designed and targeted to create marketing and advertising that engages the customer and assists in building brand value.
Employees performed services in 2016, but got paid in 2017. Apply the matching concept to this example. In which year would the wage expense be reported on the income statement under [a] the cash basis or [b] the accrual basis? Why?
Answer:
a) Cash basis - 2017
b) Accrual basis - 2016
Explanation:
Requirement a)
The wage expense would be reported in 2017 on the income statement under the cash basis. According to the cash basis accounting, the expenses have occurred only when the cash is paid. Therefore, whatever the employees did in 2016 would not be reported as an expense if they did not get the payment in 2016. Managers cannot apply the matching principle in Cash basis accounting.
Requirement b)
The wage expense would be reported in 2016 on the income statement under the cash basis. It matches with the matching principle. It is a matching concept example. According to the accrual basis accounting, the expenses would be reported whenever the employees performed for the company regardless of getting paid on that year or not.
Human capital:
a. is the same as the quantity of labor.
b. is an input in the production of goods and services.
c. is more tangible than physical capital.
d. can be thought of, metaphorically, as the quality of society’s textbooks, whereas technological knowledge can be thought of as the time that the population has devoted to reading textbooks.
Explanation:
this is the knowledge, skills added to labor to promote production
On December 31, 2019, Ling Co. estimated that 2% of its net accounts receivable of $450,000 will become uncollectible. The company recorded this amount as an addition to Allowance for Doubtful Accounts. The allowance account had a zero balance before adjustment on December 31, 2019. On May 11, 2020, Ling Co. determined that the Jeff Shoemaker account was uncollectible and written off $1,100. On June 12, 2020, Shoemaker paid the amount previously written off. Prepare the journal entries on December 31, 2019, May 11, 2020, and June 12, 2020.
Instructions
Prepare the journal entries on December 31, 2019, May 11, 2020, and June 12, 2020.
Journalize entries for the sale of accounts receivable. LO 2)
Answer:
December 31 2019
Dr Bad Debt Expenses 9,000
Cr Allowance for uncollectible debt 9,000
(to record bad debt expenses at year end 2019)
May 11 2020
Dr Allowance for Doubtful Debt 1,100
Cr Account Receivable 1,100
(to record written-off of Receivable from Jeff Shoemaker)
June 12 2020
Dr Account Receivable 1,100
Cr Allowance for Doubtful Debt 1,100
(to reverse the written-off of Receivable from Jeff)
Dr Cash 1,100
Cr Account Receivable 1,100
(to record collection of Receivable from Jeff).
Explanation:
Further calculation note for journal entry in 31 December 2019: As the allowance for doubtful debt account is zero in 31st Dec 2019, the increase in this account balance is calculated as Net Account Receivable at the time x Uncollectible Estimation = 450,000 x 2% = $9,000.
On Dec. 31, 2019, Ling Co. recorded it expected $9,000 of its accounts receivable to be uncollectible. It then wrote off $1,100 from Shoemaker's account on May 11, 2020, and finally, recorded the recovery of the same amount on June 12, 2020, when Shoemaker cleared his debt.
Explanation:The question pertains to accounting for doubtful accounts and journal entries for write-offs and recoveries. Here are the steps:
December 31, 20191) The estimated uncollectible accounts at the end of 2019 equal 2% of $450,000 = $9,000. This is recorded by debiting (increasing) Bad Debt Expenses and crediting (increasing) Allowance for Doubtful Accounts:
Bad Debt Expense...9,000Allowance for Doubtful Accounts...9,000May 11, 20202) The company determines Jeff Shoemaker's account ($1,100) is uncollectible. This is recorded by debiting Allowance for Doubtful Accounts and crediting Accounts Receivable:
Allowance for Doubtful Accounts...1,100Accounts Receivable–Shoemaker...1,100June 12, 20203) Shoemaker pays off his previously written-off account. First, reinstate the account by debiting Accounts Receivable and crediting Allowance for Doubtful Accounts. Then, record the payment by debiting Cash and crediting Accounts Receivable:
Accounts receivable–Shoemaker...1,100Allowance for Doubtful Accounts...1,100Cash...1,100Accounts Receivable–Shoemaker...1,100Learn more about Accounting for Doubtful Accounts here:https://brainly.com/question/39534128
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Lower-of-cost-or-market as it applies to inventory is best described as the:
a. drop of future utility below its original cost.
b. method of determining cost of goods sold.
c. assumption to determine inventory flow.
d. change in inventory value to market value.
Answer:
The correct answer is A
Explanation:
Lower of market or cost rule is the one which states or describe that a business or firm need to record the inventory cost at lower, that means whichever cost or the current market price is lower.
It is the term which is best illustrated as the drop or decrease of future utility below the original or the actual cost of the inventory.
The twin economic problems of the U.S. health care industry are the rising health care costs and the moral hazard problem in health care services. declining rate of immunization rates and the rising malpractice insurance costs. rising health care costs and the rising malpractice insurance costs. rising health care costs and the declining quality of health care services.
Answer:
Rising health care costs and the rising malpractice insurance costs.
Explanation:
The twin economic problems of US health care industry are rising in prices of health care and limited access(lack of insurance). These two problems are related as rising cost make insurance unaffordable for many families.
Final answer:
The twin economic problems of the U.S. healthcare industry are the rising costs and the moral hazard problem. The moral hazard problem arises when people with insurance demand more care, leading to increased costs. Shifting to health maintenance organizations (HMOs) and utilizing managed care can help mitigate the moral hazard issue.
Explanation:
The twin economic problems of the U.S. healthcare industry are the rising healthcare costs and the moral hazard problem in healthcare services. The moral hazard problem with health insurance is that when people have insurance, they will demand higher quantities of health care. Private healthcare insurance in the United States tends to encourage an ever-greater demand for healthcare services, resulting in rising costs. Additionally, the U.S. healthcare system spends significantly more on medical care compared to other countries, but the health outcomes, such as life expectancy and childhood mortality rates, tend to be lower.
A way to address the moral hazard problem is to focus on healthcare provider incentives. Shifting the emphasis to health maintenance organizations (HMOs), which receive a fixed amount per person enrolled in the plan regardless of the services provided, can help reduce the quantity of care provided while still ensuring good health outcomes. Many healthcare providers are now paid with a combination of managed care and fee-for-service, where they receive a flat amount per patient with additional payments for the treatment of certain health conditions.
A country that trades internationally imports a good at a price ______ than the price of the good in the domestic market before the country began to trade internationally. And it exports a good at a price ______ than the price of the good in the domestic market before the country began to trade internationally. A. higher; higher B. higher; lower C. lower; higher D. lower; lower
Answer:
C. lower; higher
Explanation:
A country that trades internationally, imports a good at a price lower than what domestic producers could produce the good for before the country began to trade internationally and exports a good at a price higher than what domestic producers could sell a good for before the country began to trade internationally.
During 2017 the inflation rate increased slightly but remained in the "comfort zone" and the unemployment rate was low. Why might the Fed decide to try to lower interest rates (or stimulate in other ways) in this situation? In this situation, the Fed might lower the interest rate if _______.
A. it thought that the rising inflation rate was a greater problem than unemployment
B. it thought that unemployment was a greater problem than the rising inflation rate
C. the quantity of loanable funds demanded exceeded the quantity of loanable funds supplied
D. the quantity of money was growing too quickly
Answer:B It thought that unemployment was a greater problem than the rising inflation rate
Explanation:
Inflation is the continuous rise in price of goods and services which is as a result of large volume of money in circulation used for the few available goods and services.
Unemployment is a situation where all that are willing and capable of being employed are unable to get employment.
In the above scenario lowering Interest rates will increase the volume of money in circulation which will invariably increase inflation and we equally increase level of investment as the cost of fund will be cheaper thereby lowering unemployment.
This action means unemployment is of greater problem than rising inflation.
It does not mean inflation is of more concern than unemployment otherwise it will have increase the interest rate, it will make loanable fund demanded to exceed supply and the quantity of money in supply will increase.
Excerpts from Dowling Company's December 31, 2018 and 2017, financial statements and key ratios are presented below (all numbers are in millions):2018 2017Accounts receivable (net) $ 20 $ 16Net sales $ 115 100Cost of goods sold 60 55Net income 20 17Inventory turnover 5.22Return on assets 10.3 %Equity Multiple 2.36Dowling's average inventory balance for 2018 is (rounded):
(A) 11.(B) 12.5.(C) 12.(D) 11.5.
Answer:
Option (D) is correct.
Explanation:
Given that,
2018:
Inventory turnover = 5.22
Cost of goods sold = $60
Net sales = $115
Return on assets = 10.3%
Net income = $20
Inventory turnover = Cost of goods sold ÷ Average inventory
Average inventory = Cost of goods sold ÷ Inventory turnover
Average inventory = $60 ÷ 5.22
= 11.49 or 11.5(Approx)
Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, $5 par value. During the first year, the company earned $330,000 of net income, declared no dividends, and the following selected transactions occurred in the order given: Issued 120,000 shares of the common stock at $48 cash per share. Reacquired 18,000 shares at $43 cash per share. Reissued 6,500 shares from treasury for $44 per share. Reissued 6,500 shares from treasury for $42 per share.
Answer:
cash 5,760,000 debit
common stock 600,000 credit
additional paid-in 5,160,000 credit
--to record issuance of shares---
Treasury Stock 774,000 debit
Cash 774,000 credit
--to purchase treasury stock--
Cash 286,000 debit
retained earnings 35,500 debit
Treasury Stock 318,500 credit
--to record reissuance of treasury stock--
Explanation:
We debit cash and credit the equity account, common stok at par value and additional paid in for hte difference
For the purchase of treasury stock is done at cost, we credit the cash disbursement.
For the third as we are selling for a lesser amount we are "lossing" but as the accouting do not allow to record gain/loss on the trade of own stock we use additional paid in when positive and we decrease retained earnings when negative.
Net profit from stock transactions is calculated by subtracting the total purchase price and any transaction fees from the total sales price. Examples provided include transactions for Nike, Panda Express, and Wal Mart stocks.
Explanation:The student is asking about transactions related to stock issuance, treasury stock transactions, and calculating net profit from buying and selling shares of stock from different companies.
To calculate net profit from stock transactions, one must consider the initial purchase price, the selling price, and any transaction fees. The net profit is determined by subtracting the total purchase price and the transaction fees from the total sales price.
For example, if you bought 1000 shares of Nike at $24.50 per share and sold them at $39.75 per share, your gross profit would be (1000 shares x $39.75) - (1000 shares x $24.50). Then, you need to subtract the transaction fees from the gross profit to get the net profit. Following this method, you can calculate the net profit for each stock purchase and sale provided in the question.
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The district magistrate of a city has decided to reconstruct the most frequented street of the city. He plans to block the street for the duration of the work, which will cause considerable inconvenience to the people of the city. The project has three parallel paths defined as the following:
Path A-B-C-H will take 16 days.
Path A-D-E-H will take 22 days.
Path A-F-G-H will take 30 days.
In the given scenario, which of the following statements is true?
a.
The expected duration of the project is 68 days.
b.
Activities B, D, and F have an earliest starting time of 0.
c.
Path A-D-E-H has the largest slack time.
d.
Path A-F-G-H is the critical path.
Sunway Megamall is a planned shopping center in Cebu city with nearly 400,000 square feet of shopping space, and it serves around 300,000 people who stay within 30 minutes driving time from the shopping center. It contains many department stores that provide a wide assortment of convenience, shopping, and specialty goods, plus many personal service facilities. Sunway Megamall is most likely to be an example of a:
Answer: regional shopping center
Explanation: Simply put, a regional shopping center refers to the major retail shopping center covering a city or state's separate geographic area, containing at least one large full-line department store, as well as a variety of other merchants and service companies.
It is designed along at least one complete-size department store and sometimes several; there are several specialty shops and boutiques, and typically there are several establishments.
Hence from the above we can conclude that the given case depicts regional shopping center.
The stockholders’ equity section of Indigo Corporation’s balance sheet at December 31 is presented here.INDIGO CORPORATIONBalance Sheet (partial)Stockholders’ equity Paid-in capital Preferred stock, cumulative, 11,833 shares authorized, 7,100 shares issued and outstanding $ 710,000 Common stock, no par, 717,672 shares authorized, 555,000 shares issued 1,665,000 Total paid-in capital 2,375,000 Retained earnings 1,151,000 Total paid-in capital and retained earnings 3,526,000 Less: Treasury stock (7,000 common shares) 37,333Total stockholders’ equity $3,488,667From a review of the stockholders’ equity section, answer the following questions.(a) How many shares of common stock are outstanding?Common stock outstanding shares(b) Assuming there is a stated value, what is the stated value of the common stock?The stated value of the common stock $per share(c) What is the par value of the preferred stock?The par value of the preferred stock $per share(d) If the annual dividend on preferred stock is $49,700, what is the dividend rate on preferred stock?The dividend rate %(e) If dividends of $71,400 were in arrears on preferred stock, what would be the balance reported for retained earnings?The Retained Earnings balance $
Answer:
a) shares outstanding: 548,000
b) $3 per share
c) $10 per share
d) 7% return
e) zero as if there were retained earnings they should be used to pay the dividends in arrears to preferred stock
Explanation:
issued shares: 555,000
treasury stock: (7,000)
outstanding 548,000
b)
common stock balance: $ 1,665,000
shares issued: 555,000
face value per share: $3
c) 710,000 preferred stock blaance / 7,100 shares = 100
d)
dividend/face value of preferred stock:
49,700 / 710,000 = 0.07
What are consumer motives?
Explanation:
The motivation for consumption comes from individual needs and desires, which may occur consciously and unconsciously. To meet their needs and wants, people identify and buy products and services that are compatible with their satisfaction.
There are several surveys and studies that seek to identify consumer behavior and explain how the purchasing decision process occurs. One of the most widespread theories in the world is Maslow's theory, which presented a hierarchy of needs that aims to identify a priority system of human needs satisfaction, divided into five parts, which are arranged in order of importance:
physiological, safety, love, esteem and self-actualizationThis theory is of great relevance to help marketers target their strategy according to the priority and need of individuals, including in their campaigns messages that send the consumer a sense of urgency for the product or service, directing marketing communication to the bottom of the hierarchy, which is the consumer's priority.
Answer:
sonk
Explanation:
The motivation for consumption comes from individual needs and desires, which may occur consciously and unconsciously. To meet their needs and wants, people identify and buy products and services that are compatible with their satisfaction.
There are several surveys and studies that seek to identify consumer behavior and explain how the purchasing decision process occurs. One of the most widespread theories in the world is Maslow's theory, which presented a hierarchy of needs that aims to identify a priority system of human needs satisfaction, divided into five parts, which are arranged in order of importance:
physiological,
safety,
love,
esteem and
self-actualization
This theory is of great relevance to help marketers target their strategy according to the priority and need of individuals, including in their campaigns messages that send the consumer a sense of urgency for the product or service, directing marketing communication to the bottom of the hierarchy, which is the consumer's priority.
if technology improves in producing computers, what will happen to the eualibrillim price and quantity of computers?
(A) Both the equilibrium price and quantity will increase.
(B) Both the equilibrium price and quantity will decrease.
(C) The equilibrium price will increase and the equilibrium quantity will decrease.
(D) the equilibrium price will decrease and the equilibrium quantity will increase
Answer:
(D) the equilibrium price will decrease and the equilibrium quantity will increase
Explanation:
Since the technology improvement will lead to a decrease in the cost of production and an increase in the ability to produce computers. The firm can produce more computers at a lower cost so there are more computers in the market. The supply curve shifts right. The consumer demand more computer as a result of the lower price. In conclusion, the equilibrium price will decrease, the equilibrium quantity will increase.
During the recession of 2007-2009, the U.S. economy was experiencing a decrease in home prices and consumer wealth, a credit crisis in the financial markets, and declining consumer and business confidence. What components of aggregate demand were affected and what was the impact on real output?What were the policy options?
Answer:
Explanation:
It has been given that during recession of 2007-2009, the US economy was experiencing a decrease in home prices and consumer wealth, a credit crisis in the financial markets, and declining consumer and business confidence.
Decrease in home prices and consumer wealth implies that purchasing power of households was declining. In addition to this consumer confidence was also decreasing. Both these factors had result in deceased consumption spending by households during 2007-2009.
Business confidence was also decreasing. This means that during 2007-2009, businesses believed that future economic scenario will be worse than present economic scenario. As businesses were not seeing the improvement in economic scenario coupled with credit crisis in financial markets, they had put on hold the new investment with respect to new projects as well expansion of existing production capabilities. This means businesses had reduced their investment spending during 2007-2009.
Consumption and investment are component of aggregate demand.
So, consumption and investment component of aggregate demand were affected by the recession of 2007-2009.
Both consumption and investment component of aggregate demand were declining during recession of 2007-2009. This decline has brought a decline in aggregate demand as well. Decline in aggregate demand, in result, has led to decline in real output as well during recession of 2007-2009.
The policy options were as follows –
1. Government spending had to be increased. This will prop up the aggregate demand as government spending is a component of aggregate demand. This will induce the businesses to increase production to cater to increased demand being made by government. This will lead to increase in real output and elimination of recession.
2. Tax rebates had to be extended to households as this will prop up their income and there by uplift their purchasing power. This will induce them to consume more there by uplifting aggregate demand and economy out of recession.
3. Rule tightening with respect to housing market and financial markets should be undertaken so that crisis can be arrested and consumer and business confidence can be uplifted. This will prop up aggregate demand and thereby pull the economy out of recession.
The owner of a hair salon spends $1,000,000 to renovate its premises, estimating that this will increase her cash flow by $220,000 per year. She constructs the above graph, which shows the net present value (NPV) as a function of the discount rate. At what dollar value should the NPV profile cross the vertical axis?A) $1,000,000B) $780,000C) Cannot be determined because inadequate information is given.D) The vertical axis crossing point cannot be calculated since the cash inflows are in perpetuity
Answer:
correct option is D) The vertical axis crossing point cannot be calculated since the cash inflows are in perpetuity
Explanation:
given data
hair salon spends = $1,000,000
increase cash flow = $220,000 per year
to find out
what dollar value should the NPV profile cross the vertical axis
solution
we know that discount rate is = 0 %
as sum of cash flow is infinite
because cash flow = $220000
cash flow is here perpetual
so we can say that correct option is D) The vertical axis crossing point cannot be calculated since the cash inflows are in perpetuity
Which of the following is NOT a limitation of the payback rule?A) It is difficult to calculate.B) It does not consider the time value of money.C) It does not consider cash flows occurring after the payback period.D) Lacks a decision criterion that is economically based.
Answer:
C) It does not consider cash flows occurring after the payback period
Explanation:
Although the payback period (payback rule) is a convenient and easy way of determining the break-even point of an investment (when will the cash inflows cover the initial expenditure), the truth is that it does not take into consideration what happens with the cash flows after the payback period.
For example, when comparing two investments with a similar payback period. It would be a mistake to immediately opt for the one with a lower payback period without assessing and determining the cash flows after the payback period for both of them.
Firm A and Firm B have debt-total asset ratios of 65 percent and 45 percent, respectively, and returns on total assets of 5 percent and 9 percent, respectively. What is the return on equity for Firm A and Firm B?
Answer:
Firm A = 14.29%
Firm B = 16.36%
Explanation:
Firm A:
Debt-total asset ratio = 65 percent
= 0.65
Therefore,
Equity-total asset ratio = 1 - 0.65
= 0.35
Returns on total assets = (Net Income ÷ Total assets) × 100
= 5 percent
= 0.05
Return on Equity:
= (Net Income ÷ Equity) × 100
= (0.05 ÷ 0.35) × 100
= 0.1429 × 100
= 14.29%
Firm B:
Debt-total asset ratio = 45 percent
= 0.45
Therefore,
Equity-total asset ratio = 1 - 0.45
= 0.55
Returns on total assets = (Net Income ÷ Total assets) × 100
= 9 percent
= 0.09
Return on Equity:
= (Net Income ÷ Equity) × 100
= (0.09 ÷ 0.55) × 100
= 0.1636 × 100
= 16.36%
To calculate Return on Equity (ROE), one would require information on net income and shareholder's equity. Despite knowing the debt-to-asset ratio and the return on total assets (ROTA) for both companies, it is not enough to compute ROE. Hence, we cannot calculate the ROE for Firm A and Firm B with the information provided.
Explanation:The question asks for the return on equity (ROE) for two firms given their debt-to-asset ratio and the return on total assets (ROTA). To calculate ROE, you would use the formula: ROE = Net Income/Shareholder's Equity. However, you are not provided with net income for either firm.
Instead, you are provided with the debt-to-asset ratio and the return on total assets. The return on total assets is an efficiency measure that shows how profitably a firm uses its assets. In this case, firm A and B have a ROTA of 5 percent and 9 percent, respectively. The debt-to-asset ratio indicates the extent to which the firm is financed by debt. Firm A's debt-to-asset ratio is 65 percent, and Firm B's is 45 percent.
Even with these values, we are missing information necessary to directly calculate ROE. While these values can provide insight into each company's financial health and efficiency, without net income or shareholder's equity value figures, we wouldn't be able to calculate an exact return on equity for either firm.
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Jerome, who files as head of household, received the following income: Wages (box 1 of Form W-2) $50,000; Interest income $1,000; Christmas ham (FMV) $22; and DCB, box 10 of Form W-2 $2,000 (Spent $1,500 for childcare). How much gross income must Jerome report?
Answer:
$51,022
Explanation:
Gross income is the aggregate of wages income, interest income, and FMV only.
Given that,
Wages (box 1 of Form W-2) = $50,000;
Interest income = $1,000;
Christmas ham (FMV) = $22;
DCB, box 10 of Form W-2 = $2,000 (Spent $1,500 for childcare)
Gross income:
= Wages + Interest + FMV
= 50,000 + 1,000 + 22
= $51,022
Therefore, the gross income must Jerome report is $51,022.
Huong has been saving money for two years in order to make a down payment on her first new car. She has looked at several different makes and models of both foreign and domestic cars. She finally located the "car of her dreams." Unfortunately her "dream car" is a foreign-made car and will cost her substantially more than a domestic-made car because the car is imported into the United States. In order to control the flow of products imported into the country, what does the US government and other governments impose on some imports?
Answer: Import restrictions
Explanation: Import restrictions are methods used to control the types, quantity and value of goods being imported into a country from other countries.
There are various types of import restrictions and they are:
1. Import duties: import duties are tariffs or taxes imposed on imported goods to make them more expensive thereby discouraging the purchase and use of imported goods.
2. Import quota: this is a restriction on the volume of imported goods that would be allowed into the country at a particular period of time or from a particular country.
3. Currency restrictions: this is used to restrict the amount of foreign currency used in the settlement of imported goods.
4. Prevention of the entry of illegal or harmful items into the country.
The U.S. and other governments control imports by imposing tariffs, quotas, and sometimes outright bans. Tariffs increase the cost of imports to protect domestic industries, while quotas limit the quantity of imports. These measures can protect jobs but may also limit consumer choices and competition.
Explanation:The United States government, as well as other governments around the world, impose a variety of measures to control the flow of products imported into their countries. One such measure is the imposition of tariffs, which are taxes added on imported goods. These tariffs increase the cost of imports, making them more expensive than domestic products and thus protecting local industries. For example, in 2009, President Obama and Congress enacted a tariff on tires imported from China, which increased their price significantly over a three-year period. This decision was influenced by political interest groups like the United Steelworkers union, which saw jobs in the tire industry affected by imports.
Another measure that can be used is quotas, which are limitations on the quantity of goods that can be imported. Governments may also opt to ban the importation of certain goods entirely. Additionally, international trade allows for competition and variety, which leads to innovation and improved products, as in the case of the U.S. automobile industry facing competition from foreign carmakers.
It's important to understand the impact of international trade on local economies and how measures like tariffs and quotas can protect domestic industries while potentially limiting consumer choices and affecting prices.
Buy Nothing Day and TV Turnoff Week events designed to discourage rampant commercialism. These are examples of:_________a. cultural terrorismb. consumerismc. anticonsumptiond. culture jamming
Answer: Option D
Explanation: Culture jamming refers to a strategy that is used by non-consumer social protests to undermine or suppress media environment and its dominant public institutions, namely corporate propaganda.
Culture jamming refers to a method of subvertising. Many cultural jams are meant to disclose the advertisement tradition to debatable political assertions. Culture jamming utilizes the tactic of diversion, which thinks in terms and imagery of the dominant model or heritage to attack the framework or heritage in a provocative way.
Thus, from the above we can conclude that the correct option is D.
Which of the following is not an accurate statement about culture?Although most cultural variables are universal, the forms these variables take differ from culture to culture.Most cultural variables are not superficial and can not be easily influenced by environmental factors.Cultural variables can not be easily isolated from other factors such as economic and political conditions.Within a culture, everyone responds to particular cultural variables the same way.
Answer:
The answer is the last one, "Within a culture, everyone responds to particular cultural variables the same way."
Explanation:
Why don't everyone in a culture respond the same way to particular variables?
The answer is actually simple.
Its because all though culture can be seen as a collective conscious and a set of values, not every one shares it!
at the individual level, different individuals may have different opinions, values, opinions and perceptions. These individual characteristics are heavily influenced by the family, economic conditions, upbringing, education level and even the political atmosphere.
Because of this we can not say 100% that a everyone responds to particular cultural variables the same way.
The inaccurate statement about culture is that everyone within a culture responds to cultural variables the same way. Culture is dynamic, with variables influenced by various factors and expressed differently among individuals within a society. Cultural universals, like the family unit, though common to all societies, may differ significantly in their practice.
Explanation:The statement "Within a culture, everyone responds to particular cultural variables the same way" is not an accurate depiction of culture. Culture is not a monolith; individuals within a particular culture may respond to cultural variables differently based on their personal experiences, identities, and social positions. Culture is dynamic, and while it can influence individuals, they also have agency and can influence culture in return.
Cultural variables are an interplay of many facets of human life including economic, political, and social elements. They are not isolated and evolve continually in response to both internal and external factors. Moreover, variability within a culture can sometimes be as significant as the differences between cultures.
One example of a cultural universal is the concept of the family, which is recognized in all societies, although its definition and function can vary significantly between different cultures. This illustrates that while certain cultural aspects are widely shared, they can also differ greatly in their expressions from one society to the next.
An auto-parts company is deciding whether to sponsor a racing team for a cost of $1 million. The sponsorship would last for three years and is expected to increase cash flows by $570,000 per year. If the discount rate is 6.9 %, what will be the change in the value of the company if it chooses to go ahead with the sponsorship?A) $747,896B) $797,756C) $847,615D) $498,597
Answer:
$498,597
Explanation:
The company's' worth would be increased by as much as the net present value of the sponsorship.
We calculate the Present value of cash flows @ 6.9%
Year 1 = 570,000 * (1/1+0.069) = 533,209 (rounded)
Year 2 = 570,000 * (1/(1+0.069)^2) = 498,792 (rounded)
Year 3 = 570,000 * (1/(1+0.069)^3) = 466,597 (rounded)
NPV = (533209 + 498792 + 466,597) - 1,000,000
NPV = $498,598
This is the net increase in value of the company.
Hope that helps.
In an economy with no government and no foreign sectors, autonomous consumer spending is $250 billion, plannedinvestment spending is $350 billion, and the marginal propensity to consume is 2/3.a. Plot the aggregate consumption function and planned aggregate spending.b. What is unplanned inventory investment when real GDP equals $600 billion?c. What is Y*, income–expenditure equilibrium GDP?d. What is the value of the multiplier?e. If planned investment spending rises to $450 billion, what will be the new Y*?
Answer:
Please see attachment
Explanation:
Please see attachment
Worthington Chandler Company purchased equipment for $12,000. Sales tax on the purchase was $800. Other costs incurred were freight charges of $200, repairs of $350 for damage during installation, and installation costs of $225.
What is the cost of the equipment?
a. $12,000b. $12,800c. $13,225d. $13,575
Answer:
d. $13,575
Explanation:
The cost of the equipment includes all the cost incurred to bring the equipment to a state where it becomes available for use.
These costs are the cost of the equipment, sales tax, freight, repairs during installation and installation cost.
Therefore,
Cost of the equipment = $12,000 + $800 + $200 + $350 + $225
= $13,575
The right option is d. $13,575.
Which of the following should not be considered as an opportunity cost of attending college?
(A) money spent on living expenses that are the same wether or not you attend the college
(B) lost salaries
(C) Business lunches
(D) Interest that could have been earned on your money had you put the money into a saving account instead of spending it on tuition
(E) opportunities sacrificed in the decision to attend college.
Answer:
Option (A) is correct.
Explanation:
Opportunity cost refers to the cost that is incurred by selecting some other alternative. It is the benefit that is foregone from the next best alternative.
Therefore, the opportunity of attending college is as follows:
(a) Salary amount that could have been earned from the job.
(b) Interest income from depositing money into savings account
(c) The satisfaction obtained from the business lunches.
(d) Opportunities that were sacrificed for attending college.
Bobby purchased a new machine for use in his business. He incurred the following costs with the purchase: $3,300 cash paid, $12,500 financed, a $450 delivery charge, and a $330 installation charge. Bobby's basis in the machine is __________.
Answer:
$16,580
Explanation:
Bobby's basis in the machine is the amount of cash paid by Bobby for the machine.
Given that,
incurred costs with the purchase:
$3,300 cash paid
$12,500 financed
$450 delivery charge
$330 installation charge
Bobby's basis in the machine:
= Cash paid + Amount financed + Delivery charge + Installation charge
= $3,300 + $12,500 + $450 + $330
= $16,580
d. Suppose a fourth investment, W, is available. It offers an expected return of 15%, and it has a standard deviation of 9%. If Sharon is risk averse, can you say which investment she will choose? Why or why not? Are there any investments that you are certain she will not choose? (Select the best answer below.)
Answer:
See below.
Explanation:
A risk averse investor always chooses lower returns and lower risks as compared to higher risk and higher returns. Standard deviation being the risk, Sharon will chose an investment that gives a better relationship between return an the risk factor. In a risk return trade off scenario, which associates probabilities to returns, a risk averse investor will chose an investment that gives a higher probability of smaller but more secure return than the opposite. For example if there was an other investment with 12% return but SD of 4%, Sharon would have opted for this as it provides more security.
Since the information is limited as per the question, Hope this helps.
Complete the following statement with the correct answer. ___________ is a supply chain strategy which recognizes that all items are not the same, and that different item and market characteristics require different procurement and support strategies, as well as different relationships with suppliers
Explanation:
supply chain types: efficient, fast, continuous-flow, agile, custom-configured, and flexible
Supply chain management is a supply chain strategy recognizing different item and market characteristics require different procurement and support strategies.
Explanation:Supply chain management is a supply chain strategy which recognizes that all items are not the same, and that different item and market characteristics require different procurement and support strategies, as well as different relationships with suppliers. This strategy helps businesses optimize their supply chain processes by tailoring their approach to each specific product or market.
For example, perishable goods like fruits and vegetables require a shorter supply chain with faster delivery times, while durable goods like furniture may have a longer supply chain with more emphasis on quality control and supplier relationships. By understanding the unique characteristics of each item and market, businesses can make strategic decisions that improve efficiency and customer satisfaction.
Learn more about Supply chain management here:https://brainly.com/question/32556129
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