Answer:
Loggers are much more likely to supply wood to the market if property rights are not enforced.
When property rights are not well enforced, ownership of the resource is not well defined either. This will lead to more people taking advantage of the resource like the loggers above. They will supply more wood because the ownership of their resource source is not well defined.
Options for the 2 questions below are Market Failure or Externality.
a. A house party plays music at a very high volume, disturbing other residents in the neighborhood. EXTERNALITY.
This is a negative externality. Negative externalities are when third parties suffer negative consequences as a result of transactions that they are not a party to. The neighbors are not playing music but it is disturbing them.
b. A single public utilities company is responsible for supplying electricity for an entire state. As a result, the utilities company can set the price of electricity. MARKET POWER.
The Utility company is not facing competition in this state and so can set the price it wants. This can lead to market failure simply because the company would have too much market power.
There are four resources and four jobs to be done. Assume there must be one-to-one matching between jobs and resources. The time required for each resource to do each job is as follows:
Job (Hours)
Resource A B C D
1 5 8 7 7
2 4 9 5 9
3 6 9 8 7
4 7 6 6 9
What is the optimal assignment of resources to jobs?
Multiple Choice
1 to A; 2 to C; 3 to B; 4 to D
1 to B; 2 to D; 3 to C; 4 to A
1 to C; 2 to B; 3 to A; 4 to D
1 to D; 2 to B; 3 to C; 4 to A
1 to A; 2 to C; 3 to D; 4 to B
Answer:
1 → A ; 2 → C ; 3 → D ; 4 → B
Explanation:
From the given information, the table can be better structured as follows:
Job (Hours)
Resource A B C D
1 5 8 7 7
2 4 9 5 9
3 6 9 8 7
4 7 6 6 9
From the table, the allocation of resources is based on the minimum number of jobs i.e. time(hours) required to do all four tasks appropriately.
These are 1 → A ; 2 → C ; 3 → D ; 4 → B
Then, the time taken by this process is = (5 + 5 + 7 + 6)
= 23 hours
Which type of team rarely has the
authority to unilaterally implement
any of their suggestions?
= Problem-Solving Teams
Explanation:
Problem-Solving Teams is the right one hahahahahahahabaha
On June 1 of the current year, Chad Wilson established a business to manage rental property. He completed the following transactions during June:
a. Opened a business bank account with a deposit of $30,000 from personal funds.
b. Purchased office supplies on account, $1,800.
c. Received cash from fees earned for managing rental property, $10,000.
d. Paid rent on office and equipment for the month, $4,500.
e. Paid creditors on account, $1,250.
f. Billed customers for fees earned for managing rental property, $16,800.
g. Paid automobile expenses (including rental charges) for the month, $750, and miscellaneous expenses, $980.
h. Paid office salaries, $4,000.
i. Determined that the cost of supplies on hand was $680; therefore, the cost of supplies used was $1,120.
j. Withdrew cash for personal use, $7,500.
Required:
Indicate the effect of each transaction and the balances after each transaction.
Answer:
a.
Assets = Increase $30,000
Liability = No effect
Equity = Increase $30,000
Balances : Cash = $30,000 , Capital = $30,000
b.
Assets = Increase $1,800
Liability = Increase $1,800
Equity = No effect
Balances : Office Supplies $1,800, Trade Payables $1,800
c.
Assets = Increase $10,000
Liability = No effect
Equity = Increase $10,000
Balances : Cash = $40,000, Revenue Earned $10,000
d.
Assets = Decrease $4,500
Liability = No effect
Equity = Decrease $4,500
Balances : Rent Expense $4,500, Cash $35,000
e.
Assets = Decrease $1,250
Liability = Decrease $1,250
Equity = No effect
Balances : Trade Payables $550, Cash $33,750
f.
Assets = Increase $16,800
Liability = No effect
Equity = Increase $16,800
Balances : Revenue Earned $26,800 , Trade Receivables $16,800
g.
Assets = Decrease $1,730
Liability = No effect
Equity = Decrease $1,730
Balances : Automobile expenses $750 , Miscellaneous expenses $980, cash $33,000
h.
Assets = Decrease $4,000
Liability = No effect
Equity = Decrease $4,000
Balances : Office salaries $4,000, cash $29,000
i.
Assets = Decrease $1,120
Liability = No effect
Equity = Decrease $1,120
Balances : Office Supplies $680, Supplies expenses $1,120
j.
Assets = Decrease $7,500
Liability = No effect
Equity = Decrease $7,500
Balances : Cash $21,500, Drawings $7,500
Explanation:
When required to give the effect of transactions, always remember the Accounting Equation : Assets = Equity + Liability
Transactions will affect one or more elements of the this equation. Here is a simple approach to arrive at the effects :
Step 1 : The initial step is to identify the Accounts affected.
Step 2 : Classify the Accounts as either Assets, Liabilities or Equity (Capital and Profit)
Step 3 : Give the Effect (Increase, Decrease or No Effect) on the Elements of the equation.
How many miles is 64km?
Answer:
The Answer is 39.769 miles
Warner Clothing is considering the introduction of a new baseball cap for sales by local vendors. The company has collected the following price and cost characteristics.
Sales price $15 per unit
Variable costs 5 per unit
Fixed costs 50,000 per month
Required:
a. What number must Warner sell per month to break even?
b. What number must Warner sell per month to make an operating profit of $34,000 and $8,400. Assume that the company plans to sell 9,000 units per month. Consider requirements (b), (c), and (d) independently of each other.
c. What will be the operating profit?
d. What is the impact on operating profit if the sales price decreases by 10 percent? Increases by 20 percent?
Answer:
a. 5,000 units
b. 8,400 units and 5,840 units
c. $40,000
d. decrease of operating profit by 22.50 % and increase of operating profit by 45.00%
Explanation:
Breakeven point is level at which a firm makes neither profit nor loss
Break even units = Fixed Costs ÷ Contribution per unit
Break even units = 5,000 units
Units to achieve target profit = Target Profit + Fixed Costs ÷ Contribution per unit
Units to achieve profit of $34,000 = 8,400 units
Units to achieve profit of $8,400 = 5,840 units
Operating Profit = Contribution - Fixed Costs
= $40,000
The effect on change of operating profit can be best shown by calculation of the Degree of Operating Leverage (DOL)
DOL = Contribution ÷ Profit
= 2.25
Sales decreases of 10 percent = decrease of operating profit by 22.50 % (10 % × 2.25)
Sales Increases of 20 percent = increase of operating profit by 45.00% (20%× 2.25)
Stevenson Corporation acquires a one-year old building at a cost of $500,000 at the beginning of Year 2. The building has an estimated useful life of 50 years. However, based on reliable historical data, the company believes the carpeting will need to be replaced in 5 years, the roof will need to be replaced in 15 years, and the HVAC system will need to be replaced in 10 years. On the date of acquisition, the cost to replace these items would have been carpeting, $10,000; roof, $15,000; HVAC system, $30,000. Assume no residual value.
Required:
Determine the amount to be recognized as depreciation expense in Year 2 related to this building.
Answer:
$14,900
Explanation:
The computation of the amount recognized as a depreciation expense for the year 2 is shown below;
= Carpenting + roof + hvac system + building
= ($10,000 ÷ 5 years) + ($15,000 ÷ 15 years) + ($30,000 ÷ 10 years) + ($500,000 - $10,000 - $15,000 - $30,000) ÷ (50 years)
= $2,000 + $1,000 + $3,000 + $8,900
= $14,900
if quantity demamded is completely unresponsive to changes in price ,demand is what?
Answer:
If quantity demanded is completely unresponsive to changes in price, demand is Perfectly inelastic.
Explanation:
Perfectly inelastic demand means that quantity demanded remains the same when price increases or decreases. Consumers are completely unresponsive to changes in price.
I hope it's helpful
Assume the economy of Ucheland is currently at full employment. The government of Ucheland reduces the tax rate on household interest earnings.
a. What will happen to private savings in Ucheland?
b. Draw a correctly labeled graph of the loanable funds market, and show the effect of the change in private savings identified in part (a) on the equilibrium real interest rate.
Answer:
a) since the tax rate oh household interest earnings increases, the number of households that will save money will increase, and the households that were already saving money might increase the amount saved. As a result, private savings will increase in Ucheland.
b) see attached image
Which professional has helped Jennifer in this example?
Jennifer bought a new smart phone from a local store that sells electronic products. After a week, she started experiencing problems with the
phone's display screen. She went back to the store and spoke to its ___
representative, who replaced the product and
apologized for the inconvenience.
Answer:
would it be sales representative since they were only able to replace the device and apologize
Answer:
customer service
Explanation:
I'm smart and got it right on my test
Which of the following is/are inconsistent with the semi-strong form of the efficient market hypothesis? [I] Significant non-random price movements [II] Price overreaction to the public release of new information [III] Superior performance of professional traders [IV] Abnormal profits from illegal insider trading
A. I and III
B. II and IV
C. I and II
D. All are inconsistent with the semi-strong form of the EMH
Answer:
C. I and II
Explanation:
Semi strong form of efficient market hypothesis is a situation where stock prices adjust quickly to any new public information that circulates in the market. It assumes that stock prices incorporates the effect of all information which is publicly available in the market.
Breakthrough innovations account for ___% in the golden ratio on innovation
Group of answer choices
a. 20
b. 10
c. 5
d. 15
e. 25
When making replacement decisions, the development of relevant cash flows is complicated when compared to expansion decisions.
a. True
b. False
Answer: True
Explanation:
Decision regarding an asset replacement is usually based on both the internal rate of return and the net present value of the incremental cash flows.
Therefore, it should be noted that this brings about the complications when comparing the development of relevant cash flows to the expansion decisions.
During 2018, Raines Umbrella Corp. had sales of $810,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $580,000, $90,000, and $135,000, respectively. In addition, the company had an interest expense of $91,000 and a tax rate of 21 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully deductible.) Suppose the company paid out $55,000 in cash dividends. If net capital spending and net working capital was zero, and if no new stock was issued during the year, what is the net new long-term debt
Answer:
$6,000
Explanation:
The computation of the net new long term debt is as follows:
But before that following calculations to be done:
Sales $810,000
Less: COGS ($580,000)
Less: S&A Expenses ($90,000)
Less: Depreciation ($135,000)
EBIT $5,000
Less: Interest ($91,000)
Taxable Income ($86,000)
Less: Taxes(21%) $0
Net Income(loss) ($86,000)
Now
OCF = EBIT + Depreciation - Taxes
= $5,000 + $135,000 - $0
= $140,000
Change in NWC = Net capital spending = Net new equity = 0
Cash flow from assets = OCF - Change in NWC - Net capital spending
= $140,000 - $0 - $0
= $140,000
Cash flow to stockholders = Dividends - Net New Equity
= $55,000 - $0
= $55,000
Cash flow to creditors = Cash flow from assets - Cash flow to stockholders
= $140,000 - $55,000
= $85,000
Cash flow to creditors = Interest - Net new LTD
$85,000 = $91,000 - Net new LTD
So,
Net new LTD is
= $91,000 - $85,000
= $6,000
The difference between the income
received from abroad for rendering factor services by the normal residents of the country to the rest of the world and income paid for the factor services rendered by
nonresidents in the domestic territory of a country is known as:
Select one:
a. Net Factor Income from Abroad
b. Capital consumption allowances
c. Depreciation
d. Subsidy
= Net Factor Income from Abroad
The difference between the income received from abroad for rendering factor services and income paid for the factor services rendered by nonresidents is known as Net Factor Income from Abroad. Thus the correct option is (B).
What is Income?Income refers to the money received by the individual over a period of time. In Business, income refers to the revenue generated after selling the goods and services to the customers.
Net factor Income from abroad refers to the income received from aboard after providing the services by the residents of the country to the rest of the world minus income paid for taking services from the domestic country.
Thus the correct option is (B).
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Can someone plz and answer this, I’m giving 100 points and brainliest!!
1.) What benefits are created when a business exports and sells products globally?
2.) Name the condition created when a nation has more exports than imports.
3.) What are some factors that can influence the exchange rate of currency?
4.) Identify three types of trade barriers used by governments.
5.) What is NAFTA?
Explanation:
5)The North American Free Trade Agreement was an agreement signed by Canada, Mexico, and the United States that created a trilateral trade bloc in North America. Th6e agreement came into force on January 1, 1994, and superseded the 1988 Canada–United States Free Trade Agreement between the United States and Canada...
4)Trade barriers are restrictions on international trade imposed by the government. They either impose additional costs or limits on imports and/or exports in order to protect local industries. There are three types of trade barriers: Tariffs, Non-Tariffs, and Quotas.......
3)Inflation Rates. Changes in market inflation cause changes in currency exchange rates. ...
Interest Rates. Changes in interest rate affect currency value and dollar exchange rate. ...
Country's Current Account / Balance of Payments. ...
Government Debt. ...
Terms of Trade. ...
Political Stability & Performance. ...
Recession. ...
Speculation.
2)A country that imports more goods and services than it exports in terms of value has a trade deficit or a negative trade balance. Conversely, a country that exports more goods and services than it imports has a trade surplus or a positive trade balance..
1)Increasing your sales potential
While importing products can help businesses reduce costs, exporting products can ensure increasing sales and sales potential in general. Businesses that focus on exporting expand their vision and markets regionally, internationally or even globally...
dont forget your promis....I’m giving 100 points and brainliest!!
Answer:
Inflation rates, is the 3rd one I think.
Explanation: I did this is class so I know.
If the velocity of money is 3 and the amount of narrow money is $1.56 billion, what would be the nominal GDP?
Select one:
a. $8.5 trillion
b. $4.68 billion
c. $4.68 trillion
d. $5.68 billion
= 4.68 billion
Answer:
c. $4.68 trillion
Explanation:
Narrow money refers to the physical money coins and notes within an economy. It is a way of measuring the money that is available for immediate spending in the economy.
The velocity of money is the rate at which money circulates in the economy. Therefore, the velocity of money is a measure of the number of times narrow money circulates in the economy per period.
If the velocity of money is 3, narrow money circulates three times, meaning the value of GDP will be the velocity of money multiplied by narrow money
=3 x 1.56 billion
=4.68 billion
Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow:
Division
Osaka Yokohama
Sales $3,000,000 $9,000,000
Net operating expenses $210,000 $720,000
Average operating assets $1,000,000 $4,000,000
Required:
a. For each divisions, compute the return on investment (ROI) in terms of margin and turnover. (Do not round intermediate calculations.)
b. Assume that the company evaluates performance using residual income and that the minimum required rate of return for any division is 15%. Compute the residual income for each division.
Answer:
1. Rate of Interest = Net operating expenses/Average operating assets
Osaka = $210000/$1000000 = 0.21 = 21%
Yokohama = $720000 / $4000000 = 0.18 = 18%
2. Osaka Yokohama
Average operating assets $1,000,000 $4,000,000
M. required return at 15% $150,000 $600,000
Net operating income $210,000 $720,000
Minimum required return $150,000 $600,000
Residual income $60,000 $120,000
The board of directors of Chestnut Inc. approved a restructuring plan on November 1, Year 1. On December 1, Year 1, Chestnut publicly announced its plan to close a manufacturing division in New Jersey and move it to China, and the company's New Jersey employees were notified that their jobs would be eliminated. Also on December 1, Year 1, to ensure an orderly transition, management promised a termination bonus of $10,000 to any employee who remains with the company until his or her position is terminated in the fourth quarter of Year 2. Chestnut estimates it will pay termination bonuses to 120 employees at the end of Year 2, for a total of $1,200,000. The present value of the estimated termination bonus is $1,000,000.
Required:
Determine the provision that should be recognized for Chestnut's restructuring plan. Identify the dates on which journal entries should be made and the amounts to be recorded.
Answer:
Company by informing employees about termination is creating constructive obligation. Company should therefore provide for restructuring costs calculated as PV of estimated termination bonus which is based on number of employees would accept the offers. The provision for expenses should be recognized on December 1 of year 1
Journal entry to record provision for restructuring costs
Date General Journal Debit Credit
01/Dec/Year 1 Restructuring expenses $1,000,000
Provision for termination of benefits $1,000,000
(To record provision for restructuring costs)
This question examines the market for mangos. You will use a demand function to construct the demand schedule, calculate the price elasticity of demand at different points along a linear demand curve, and identify the likely effects of price changes on total revenue.
Below, you are provided with the demand function for mangos. If you plug any price into the formula for the demand function, you get the quantity demanded at that price.
Q = 150 – 25P
Task 1. Use the table below to find the quantity of mangos demanded at each price.
Price Quantity of Mangos Demanded
$1
2
3
4
5
Task 2. Calculate the price elasticity of demand when the price falls from $5 to $4.
Task 3. When the price of a mango falls from $5 to $4, does total revenue fall or rise? How do you know?
Task 4. When the price of a mango falls from $3 to $2, does total revenue fall or rise?
Answer:
Task 1. Use the table below to find the quantity of mangos demanded at each price.
For a price of $1, the quantity demanded of mangos is:
Q = 150 - 25 ($1)
Q = 125
For $2:
Q = 150 - 25 ($2)
Q = 150 - 50
Q = 100
For $3
Q = 150 - 25 ($3)
Q = 150 - 75
Q = 75
For $4
Q = 150 - 25 ($4)
Q = 150 - 100
Q = 50
For $5
Q = 150 - 25 ($5)
Q = 150 - 125
Q = 25
Task 2. Calculate the price elasticity of demand when the price falls from $5 to $4.
The formula is
Price Elasiticy of Demand (PED) = ((Q2 - Q1) / (Q2 + Q1) / 2 ) / ((P2 - P1) / ((P2 + P1) / 2)
Now, we plug the amounts into the formula
PED = ((50 - 25) / (50 + 25) / 2) / ((4 - 5) / (4 + 5) / 2)
PED = 0.1666 / -0.0556
PED = -3
We take the absolute value, 3, which is a PED higher than 1, meaning that demand is elastic: the quantity demanded in this case increased more than the price.
Task 3. When the price of a mango falls from $5 to $4, does total revenue fall or rise? How do you know?
Revenue = Price x Quantity
Under the first scenario, revenue = $5 x 25 = $125
Under the second scenario, revenue = $4 x 50 = $200
So revenue increased by $75.
Task 4. When the price of a mango falls from $3 to $2, does total revenue fall or rise?
First scenario = $3 x 75 = $225
Second scenario = $2 x 100 = 200
So revenue actually falls by $25.
ICOT Industries issued 15 million of its $1 par common shares for $424 million on April 11, 2012. Legal, promotional, and accounting services necessary to effect the sale cost $2 million.
Required: Show the journal entry to record the issuance. How does this treatment compare to debt issue costs we talked about in chapter 14?
Answer:
Date Account title and Explanation Debit Credit
Apr 11 Cash ($424 million - $2 million) $422,000,000
Common stock $15,000,000
Paid in capital in excess of par value $407,000,000
($422,000,000 - $15,000,000)
(To record the issue of common Stock)
On January 1, 2018, Legion Company sold $200,000 of 10% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $177,000, priced to yield 12%. Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2018, in the amount of:
Answer:
$10,620
Explanation:
Calculation for what Legion should report bond interest expense for the six months ended June 30, 2018,
Bond interest expense=(12%/2 semiannually*$177,000)
Bond interest expense=6% × $177,000
Bond interest expense=$10,620
Therefore Legion should report bond interest expense for the six months ended June 30, 2018, in the amount of:$10,620
Suppose that there are only two firms in the automobile industry in a particular country. Which term describes the country's automobile market?
Use letters in alphabetical order to select options
A monopolistic competition
B duopoly
C double monopoly
D Nash equilibrium
Answer:
Duopoly ( B )
Explanation:
The term that describes a country's market whereby there are only two firms in any industry is ; Duopoly
A Duopoly economy is a type of economy whereby the entirety of an Economy is solely controlled/owned by a not more than two industries/companies, this type of economy can be said to be a form of Oligopoly in its simplest form. while a monopolistic competition involves just one company or industry controlling the economy
Which of the following provides a statistical representation of survey data?
O diagram
O table
O graph
O chart
Answer:
it is diagram
Explanation:
The answer is:
table(Trust me)
An internal study by the Technology Services department at Lahey Electronics revealed company employees receive an average of two emails per hour. Assume the arrival of these emails is approximated by the Poisson distribution.
a. What is the probability Linda Lahey, company president, received exactly 1 email between 4 P.M. and 5 P.M. yesterday?
b. What is the probability she received 5 or more emails during the same period?
c. What is the probability she did not receive any emails during the period?
Answer:
0.2706 ; 0.05265 ; 0.1353
Explanation:
Given that :
λ = 2
According to the poisson distribution formula :
P(x = x) = (λ^x * e^-λ) / x!
P(x = 1) = (2^1 *e^-2) / 1!
P(x = 1) = (2 * 0.1353352) = 0.2706
P(x ≥ 5) = 1 - P(x < 5)
1 - P(x < 5) = 1 - [p(x = 0) + p(x = 1) + p(x = 2) + p(x = 3) + p(x = 4)]
We obtain and add the individual probabilities. To save computation time, we can use a poisson distribution calculator :
1 - P(x < 5) = 1 - (0.13534+0.27067+0.27067+0.18045+0.09022)
1 - P(x < 5) = 1 - 0.94735 = 0.05265
P(x ≥ 5) = 1 - P(x < 5) = 0.05265
Probability that no emails was received :
x = 0
P(x = 0) = (2^0 *e^-2) / 0!
P(x = 0) = (1 * 0.1353352) / 1 = 0.1353
Communication may account for as much as. Of a hiring decision
a 25%
b. 40%
C65%
d. 80%
Answer:
A) 25%
Explanation:
Just got it right on edge
. Based on the Empirical Rule, what percent of the observations will lie between plus or minus two standard deviations from the mean?
Answer:
Empirical Rule or 68-95-99.7% Rule
Approximately 95% of the data fall within two standard deviations of the mean.
The situation in which expansionary fiscal policy does not lead to a rise in aggregate output is referred to as
Select one:
a. Fiscal neutrality.
b. Inflation.
c. Complete crowding out
d. A recession.
= Complete crowding out
Answer: The situation in which expansionary fiscal policy does not lead to a rise in aggregate output is referred to as
Select one:
a. Fiscal neutrality.
b. Inflation.
c. Complete crowding out
d. A recession.
Explanation:
The situation in which expansionary fiscal policy does not lead to a rise in aggregate output is referred to as complete crowding out.
What is fiscal policy?A fiscal policy refers to the use of government spending and policies for influencing economic conditions.
The situation in which expansionary fiscal policies do not lead to a rise in aggregate output is referred to as complete crowding out.
Therefore, C is the correct option.
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The job satisfaction of an employee
is depending on the
Select one:
a. Behaviour
b. Attitude
c. Employer
d. Personality
= Attitude
Answer:
Job satisfaction depends on several different factors such as satisfaction with pay, promotion opportunities, fringe benefits, job security, relationship with co-workers and supervisors, etc. ... Factors affecting the level of job satisfaction are; Working Environment.
ATTITUDE
Job satisfaction and also organizational responsibility are two key attitudes that are considered applicable to important outcomes. The Correct option is 'B'.
What is Job Satisfaction?
Job Satisfaction is the essential segment of employee motivation and motivation towards more satisfactory interpretation.
Many people have determined job satisfaction and memorialized that most employees have issues with their leader who is not presenting them the consideration they deserve.
Supervisors also conduct harsh behaviors toward workers due to which they are not satisfied sharing good and creative ideas with their leaders.
Job satisfaction relies on several different elements such as satisfaction with pay, fringe benefits, promotion opportunities, relationship with co-workers job security, supervisors, etc.
Elements affecting the status of job satisfaction are; Working Environment.
Therefore, The correct option is 'B' ATTITUDE.
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While managing political
behaviours
in organization, the manager
requires discouraging:
Select one:
a. Dialogue
b. Negotiation
c. Relationships
d. Self interest
= Self interest
Answer:
You are right it is D
Explanation:
Having Self Intrest will cause selfishnes while doing political things.
Why is it important for the business owner to
understand the market they are selling to?
Answer:
So they can advertise to the correct demographic
Explanation:
