Answer: 3 computers per hour
Explanation: Marginal physical product is the extra output produced by increasing a unit of the variable input keeping other factors constant.
It could simply be explained as the contribution of the additional variable factor to the total production.
Here, hiring an additional worker who his capable of assembling 3 computers per hour means a plus 3 increase in total production per hour.
The CEO of Ridgeway, Inc., realizes that the company’s survival depends on developing and acquiringknowledge. Which of the following actions by the CEO would be most consistent with this need?
a.ensuring that all current unique knowledge of the firm is protected by patents
b.planning extensive employee training and recruiting programs
c.investing in sophisticated databases in relevant knowledge areas
d.establishing a system of organizational intelligence gathering
Answer:
The correct answer is B
Explanation:
When the company want that their employees, need to have the knowledge and develop their knowledge as well, they need to arrange or conduct the program of the training as well as programs of the recruiting.
As the CEO, realizes and states that the firm or the business survival grounded on the acquiring as well as the developing the knowledge. So, in order to follow what the CEO said, one must go through the proper training as well as the programs of the recruiting.
Which of the following refers to private, company-owned social media, software, platforms, or apps specially designed for use by business leaders and employees to fulfill the strategic mission_____________.
Answer:
enterprise social
Explanation:
Enterprise social networks (ESN) refer to an internal privately owned social network that includes only the members of an organization. E.g. a F@cebook only for people that work on F@cebook.
The purpose of having an enterprise social network is to improve communication and networking among the organization's members. ESN were popular a few years ago, but lately they have been set aside and they lost a lot popularity. People are too busy on their normal social networks to also have to worry about their work social networks. The only exception to this failure is probably Wh@tsapp that continues to be extremely popular within work groups.
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1- What are the two primary ways you can make tax payments?
2- What is one other way you can pay?
3- If you can’t pay immediately, what is one course of action you can take? What are the criteria?
Answer:
What are the two primary ways you can make tax payments? You can make tax payments by having it set up to be automatically withdrawn from your bank account, or you can pay your taxes directly by sending in a check or calling to set up a payment arrangement on the taxes owed.
What is one other way you can pay? The other way to pay your taxes is to have your refund directly sent to them until your balance is paid in full.
3- If you can’t pay immediately, what is one course of action you can take? What are the criteria?
Again, one course of action to pay your taxes is to have your refund directly sent to bureau that you owe. The criteria is that you get penalized and the state can charge you extra interest rate fees if not paid by a certain time
Explanation:
1. The two primary ways of making tax payments by having it set up to be automatically withdrawn from our bank account, or we can pay our taxes directly by sending in a check or calling to set up a payment arrangement on the taxes owed.
What is a tax?A tax is a sum of money that a government requires people to pay based on their income, the value of their property, and other factors, and that is used to pay for government services.
Another option for paying our taxes is to have our refund sent directly to them until your balance is paid in full.
If we are unable to pay our taxes immediately, one option is to have your refund sent directly to the bureau that we owe. If we do not pay by a certain date, we will be penalized, and the state may charge us additional interest rates.
Therefore, automatic withdrawal of tax and sending a check or payment reminder are the primary ways for tax payments.
To learn more about tax, click here:
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your vessel is is in distress and the order was given to abandon ship .if you must enter the water which of the following would aide in preventign hypothermia?
Answer: The heat escape lessening posture (HELP)
Explanation: Hypothermia is the effect of long immersion in cold water thereby losing body heat faster.
The heat escape lessening posture helps to combats hypothermia and can be a lifesaver to people in cold water.
The huddle position can also help in preserving the body heat especially when there are two or more people in the water at the same time. Making sure they huddle together keeps them warm.
Final answer:
To prevent hypothermia when abandoning a ship into the water, remove wet clothing, put on insulating layers that slow heat transfer, and stay active to generate body heat. Insulating layers like wetsuits are crucial in these situations. Also, keeping hydrated is important during the survival process.
Explanation:
If a vessel is in distress and the order has been given to abandon ship, to prevent hypothermia after entering the water, it is essential that you use materials designed to slow the heat transfer rate, or thermal insulation. To combat hypothermia effectively, one must remove wet clothing immediately, redress in warm materials, and attempt to maintain physical movement to generate body heat. These measures are critical because they contribute to retaining the body's heat, which is crucial for survival in cold water situations. Additionally, it is important to understand that heat escapes the body through conduction, convection, and radiation, following the Second Law of Thermodynamics. Wearing insulating layers, such as a wetsuit or drysuit, can provide vital protection against the cold. Furthermore, staying hydrated is crucial during any survival situation.
Jeff Semenchuk, chief innovation officer for Hyatt hotels, is deciding how to check in customers who have iPads? He is thinking about installing self-service kiosks in nearly 500 hotels.
Answer:
Following situation is a example of "Planning"
Explanation:
Planning is the method of focusing on the actions required to achieve a specific goal. Achieving expected results is the first and probably most important task. It involves creating and maintaining a plan, such as practical aspects that require conceptual competencies.
Planning is also a strategic mechanism that is associated with identifying expectations for the strategic direction of an organization and deciding the tasks and tools for achieving those goals. Managers can create strategies for achieving goals, including a marketing plan or a strategic plan.Which of the following is the principle of management dedicated to the structuring of resources to support the accomplishment of objectives? a. organization b. controlling c. leading d. planning
Answer:
a. organization
Explanation:
There are basic five principal of Management:
PlanningOrganization.ControllingleadingStaffingThese basic five principal make an average manager to a successful manager.
Planning in management play a vital role as it is about choosing the right process and active objective of organization.
Organization is about structuring of resources and managing relationship with worker to acchieve organization´s goal.
Leading is about inspiring and motivating others in the organization to make vision of organization realistic and achievable.
Staffing is about recuiting and allocating right person at a right job.
Controlling is about evaluating the process and goal of organization.
Belarus has a comparative advantage in the production of linen, but Russia has an absolute advantage in the production of linen. If these two countries decide to tradeA. Belarus should export linen to Russia.B. Russia should export linen to Belarus.C. For these two countries, trading linen would be a "stand-off" so they should trade another product.D. Without additional information about Russia, this question cannot be answered.
Answer:
A. Belarus should export linen to Russia
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared with other countries.
A country has absolute advantage in the production of goods and services when it produces more quantity of goods and services when compared with other countries.
A country should produce goods for which it has comparative advantage in its production because cost of production is lower when compared with other countries.
Russia should stop producing linen because it doesn't have comparative advantage in its production and Belarus should export linen to Russia
You are the owner of a small catering company and have recently hired a skilled baker to complement your staff. When business is slow, however, you need the baker to help prepare other kinds of foods. Some of the processes (like deboning fish and preparing soup stock) are complicated and require detailed training. What style should you use under these circumstances?
A. Style 1
B. Style 2
C. Style 3
D. Style 4
Answer: Style 1 should be used
Explanation: Because this is a directing approach. it is high directive and low supportive. It focuses on communication for goal achievement and is less supporting.
Nolan can mow 10 lawns per day or trim 20 bushes per day. Meanwhile, John can mow 12 lawns in a day or trim 16 bushes per day. Which of the following is true?
a. Nolan has an absolute advantage over John in terms of mowing lawns
b. John has a comparative advantage over Nolan in terms of mowing lawns
c. John's opportunity cost of mowing one lawn is trimming 3/4 of a bush
d. Nolan's opportunity cost of trimming one bush is mowing 2 lawns
Answer:
Answer is B John has a comparative advantage over Nolan in terms of mowing lawns because John can mow 12 lawns in 1 day while Nolan can mow 10 lawns in 1 day. so it is better for John to mow land and Nolan to trim bushes because Nolan can trim more bushes than John.
The elements required to begin the ____ process are a planning methodology; a policy environment to enable the planning process; an understanding of the causes and effects of core precursor activities, and access to financial and other resources.
Answer: Contingency Planning
Explanation:
The contingency planning is one of the type process for establishing the various types of programmes approach, objective and the procedure.
The main objective of the contingency planning is that it helps in protecting the various types of resources and also reduce the inconvenience of the consumer in this type of methodology.
According to the given question, the contingency planning is the one of the type of environmental policy that enables the planning process for properly understanding the various types of effects and the causes of the financial resources.
Therefore, Contingency Planning is the correct answer.
Companies HD and LD have the same sales, tax rate, interest rate and their debt, total assets, and basic earning power. Both companies have positive net income. Company HD has a higher debt ratio and, therefore, a higher interest expense. Which of the following statements is correct?
a) Company HD pays less in taxes.
b) Company HD has lower equity multiplier.
c) Company has a higher ROA.
d) Company HD has a higher times-interest-earned (TIE) ratio.
e) Company HD has mor
Answer:
A) company HD pays less in Tax
Explanation:
Because interest is deducted before tax in income statement. Higher interest means less Earning before tax, and less amount of Tax be deducted.
HD and LD both have same Earning before interest and tax.
Let suppose both have EBIT of $1000,
Not HD has interest expense of 150, and LD has interest expense of $100
Now HD Earning before tax would be 850, and LD EBT would be 900.
Let's say tax is 40%
so,
HD tax would be 850*0.4=340
LD tax would be 900*0.4=360
So, HD pays higher interest, it benefit company in paying lower tax amount. bacause interest is tax saving.
HD saves $20 in this hypothetical example.
This document summarizes why the project is important by describing the benefits of a selected component, and is used as a basis for authorizing further project management activities:_______.a. program management planb. business casec. SWOT analysisd. guiding principle
Answer:
B. Business Case
Explanation:
The program management plan is a document that updates the progress of any project. So, option A is wrong.
SWOT analysis provides the internal and external strengths and opportunities of any corporation. So, this is also incorrect.
The guiding principle gives a company to adhere to the rules and responsibilities. Therefore, it is not correct.
The business case summarizes the project by describing the benefits of a selected component. It also emphasizes to initiate a project. So, it is the right answer.
Final answer:
A business case is the document that describes the benefits of a project component, providing the basis for authorizing further management activities, including a cost/benefit analysis, and aligning with overall strategy to ensure the project's success.
Explanation:
The document in question that summarizes why a project is important by describing the benefits of a selected component, and is used as a basis for authorizing further project management activities is called a business case. A business case outlines the justification for undertaking a project or task. It is the assessment of the full lifecycle of a project including a cost/benefit analysis and typically includes the reasons why the project is needed and expected to be profitable or beneficial.
Forming a solid business case can include a detailed decision making process, considering constraints and criteria for the project, and understanding the audience it is intended to serve. This enables stakeholders to make informed decisions regarding the project's feasibility and potential for success. Moreover, it sets the foundation for additional elements such as program management and ensures alignment with the overall strategy.
A successful business case plays a crucial role in obtaining the necessary approvals and funding to move a project forward. The investment of effort in crafting a thorough and persuasive business case can lead to more effective project management and ultimately a more successful outcome.
Which of the following questions is inappropriate on an internal control questionnaire concerning purchase transactions?
A. Are an approved purchase requisition and a signed purchase order required for each purchase?
B. Are intact cash receipts deposited daily in the bank?
C. Are prenumbered purchase orders and receiving reports used and accounted for?
D. Are all goods received in a centralized receiving department and counted, inspected, and compared with purchase orders on receipt?
The question that is in appropriate is that are intact cash receipts deposited daily in the bank?
Explanation:
In a company before performing the audit the document that is provided to the employers of the company before the audit is the internal control questionnaire
Intact cash receipts can be deposited daily in the bank and there will be major need for a company to deposit the money in the bank and hence this question is inappropriate
The Super Widget Corporation has 20,000 shares of stock outstanding. A. If it declares dividends of $42,500, what is the dividend per share of stock?B. What is Kevin Rainey's share of the declared dividend if he owns 50 shares?
The dividend per share of stock for Super Widget Corporation is $2.125, and Kevin Rainey's share of the declared dividend, for the 50 shares he owns, amounts to $106.25.
Explanation:The dividend per share of stock that Super Widget Corporation declares can be calculated by dividing the total declared dividends by the number of shares outstanding. In this case, if Super Widget Corporation declares dividends of $42,500 and has 20,000 shares of stock outstanding, the dividend per share would be calculated as follows:
Dividend per share = Total Dividends ÷ Number of Shares
Dividend per share = $42,500 ÷ 20,000
Dividend per share = $2.125
As to the second part, Kevin Rainey's share of the dividends can be determined by multiplying the dividend per share by the number of shares he owns, which in this case is 50 shares:
Kevin Rainey's dividend = Dividend per share × Number of shares Kevin owns
Kevin Rainey's dividend = $2.125 × 50
Kevin Rainey's dividend = $106.25
Therefore, the dividend per share of stock for Super Widget Corporation is $2.125, and Kevin Rainey's share of the declared dividend is $106.25.
Researchers must submit their research proposal to an ______ review board that evaluates the ethical nature of research conducted at their college or university.
Answer: Institutional
Explanation:
The Institutional Review Board (IRB) is an administrative body created to protect the rights and welfare of human research subjects recruited to take part in research activities conducted under the auspices of the institution with which it is affiliated.
Final answer:
Researchers are required to submit their proposals to an Institutional Review Board (IRB), a committee that oversees the ethical aspects of research involving human subjects to protect their rights and well-being.
Explanation:
Researchers must submit their research proposal to an Institutional Review Board (IRB) that evaluates the ethical nature of research conducted at their college or university. IRBs are vital in protecting the rights and well-being of human participants in research. Comprising a committee of administrators, scientists, and community members, IRBs review and approve research proposals to ensure they are ethically sound. Additionally, IRBs assess potential conflicts of interest and emotional distress caused to subjects. The existence of IRBs is a result of historical developments aimed at preventing unethical research practices.
_____ tends to appear in specialized trade publications or professional journals, in direct-mail pieces sent to businesses, or in trade shows.
Answer: The correct answer is "business advertising".
Explanation: Business advertising tends to appear in specialized trade publications or professional journals, in direct-mail pieces sent to businesses, or in trade shows.
Through business advertising, companies seek to reach people who can potentially buy or specify goods and services for business use.
Sharon, a new manager in the Finance Department, found ways to inspire and motivate employees with meeting project goals, in turn, increasing work productivity. She focused on the managerial function of __________.
Answer:
CONTROLLING
Explanation:
Controlling can be described as a manager's main functions. A manager needs to develop and maintain effective control over all the respondents ' practices in order to achieve expected outcomes from the underlings.
In other terms, the purpose of the role controlling can be interpreted as maintaining that an institution's operations are carried out as per the schedules.
Controlling also guarantees that the facilities of an institution are used collaboratively to accomplish predetermined objectives.It shouldn't be overlooked the regulating role is the last administration role. It is a process that takes the management swing back to the role of planning.
You invested in a $5,000 bond in 2012 with a coupon rate of 6%. What will be its value in 2018 if the required rate of return is now 8%?
Answer:
$4540.19
Explanation:
Step 1: Get the formula for the value of the bond in 2018
Formula= P * (1+r)n
P= Investment = $5000
r= Coupon rate=6%
n= Period or number of years = 6 years
Step 2: Calculate the value of the bond in 2018
Value of the bond in 2018= 5000 * (1+ 0.06)6
= 7092.60
Step 3: Calculate the Present value of the bond
Formula= (P x Present Value Factor) + (Interest x The present value interest factor of an annuity (PVIFA))
(P x Present Value Factor) = (5000 x 1\(1+r)^n)
where r= rate of return= 8%
n= years = 6
(Interest x The present value interest factor of an annuity (PVIFA) =
Interest = (Coupon rate x Investment)
PVIFA= 1\(1+r)^n}
where r= rate of return= 8%
n= years = 6
= (5000 x 0.6307) + (300 x 4.6223 )
=4540.19
An extremely lucrative severance package that is guaranteed to a firm's senior managers in the event that the firm is taken over and the managers are let go is called a:__________
Answer: A golden parachute.
Explanation:
A very large financial compensation paid to top members of management in a company in the event of a merger or company sales, is known as a golden parachute. A golden parachute is done to discourage buyers from buying over a company and also to help ease the effect of top staff losing their jobs.
Answer:
A Golden Parachute
Explanation:
A lucrative severance package guaranteed to a firm's senior managers in the event that there is a hostile takeover and they are let go is called a golden parachute.
A golden parachute often includes, alongside the severance package, company shares and other forms of compensation. It provides some sort of safety net for the senior managers of the firm in the event of a takeover and they are left without a job.
A registered representative in your office wants to sell an issue of a private offering for another firm. This would be allowed if all of the following provisions are met except(A)written notice is filed with FINRA(B)the member firm provides written approval for the transactions(C)the private offering has satisfied SEC and state requirements(D)information related to the offering is provided to the RR's broker/dealer upon request
Answer:
A) written notice is filed with FINRA
Explanation:
FINRA doesn't get involved in this level of transactions.
The Financial Industry Regulatory Authority (FINRA) regulates member brokerage firms and exchange markets. FINRA is regulated and overseen by the SEC. They issue licences to individuals and admits companies into the financial trading industry.
Space travel is expensive! For their trip to the Moon, the Apollo astronauts' living quarters were only 213 cubic feet (that's smaller than a typical small bathroom in a house). How many dollar bills could fit in there?
Answer:
5341288
Explanation:
Data provided in the question:
Volume of the living quarters = 213 cubic feet
Now,
The dimensions of the US dollar bills are
width = 2.61 inches
Length = 6.14 inches
Thickness = 0.0043 inches
Thus,
Volume of a single dollar bill = 2.61 × 6.14 × 0.0043
= 0.06890922 cubic inches
Also,
Volume of quarter in cubic inches = 213 × 12³
[ ∵ 1 ft = 12 inches ; 1 ft³ = 12³ cubic inches]
Thus,
Volume of quarter in cubic inches = 368064 cubic inches.
Thus,
Number of dollar bills that can fit in there
= [ Volume of quarter in cubic inches ] ÷ Volume of a single dollar bill
= 368064 ÷ 0.06890922
= 5341288.15 ≈ 5341288
To answer how many dollar bills could fit in the Apollo astronauts' living quarters of 213 cubic feet, we calculate the volume of a dollar bill and find that approximately 5,412,000 bills could theoretically fit in that space, ignoring real-world constraints in stacking.
Explanation:The student is asking about a volume calculation problem. To determine how many dollar bills could fit in a space of 213 cubic feet, we need the dimensions of a dollar bill. A US dollar bill measures 2.61 inches by 6.14 inches and is 0.0043 inches thick. Therefore, the volume of a single dollar bill is approximately 0.068 cubic inches. To find out how many dollar bills can fit in the astronauts' living quarters, we convert the volume from cubic feet to cubic inches since the bill measurements are in inches (there are 1,728 cubic inches in a cubic foot). So, 213 cubic feet equals 368,064 cubic inches. Now, we divide the total available volume by the volume of a single dollar bill: 368,064 cubic inches ÷ 0.068 cubic inches equals approximately 5,412,000 dollar bills that could theoretically fit in the 213 cubic feet space.
However, this calculation ignores practical constraints such as the way the bills would need to be stacked without any wasted space, which is unrealistic in practice. Therefore, the actual number that could fit would be somewhat less, but this gives us a theoretical maximum.
26. As mentioned in the text, managers in companies, with no foreign operations of any kind still need a global perspective, for all of the following reasons except:
Answer:
Enable them to be productive as well as effective leaders across different political and cultures systems.
Explanation:
Global perspective is something which someone could think regarding a situation as it related to the rest of the world or economy. It is that the person or an individual have a thinking or a perspective which relates to the world.
So, the managers with no operations of foreign of any type, still require a global perspective except which enable them to be productive leaders across the different cultures as well as political systems.
NOTE: Text is missing, but I am providing the direct answer.
C) Complying with local laws and regulations within their home country, as this is not directly related to having a global perspective.
Even for managers in companies without foreign operations, a global perspective is crucial. It helps them understand the global factors that affect local markets and allows them to anticipate and react to international trends. The reasons include:
Understanding international competition that could impact their market.Learning global best practices and innovations.Meeting diverse customer expectations influenced by global trends.Managing supply chains that have global components.Recruiting and training employees with a global mindset.The only exception would be if they focus solely on domestic issues and ignore global influences, which could be detrimental in the long run.
Complete Question:
Managers in companies with no foreign operations of any kind still need a global perspective for all of the following reasons except:
A) Understanding international market trends that could impact domestic business.
B) Navigating global supply chain issues that affect product availability.
C) Complying with local laws and regulations within their home country.
D) Recognizing the competitive landscape influenced by international firms.
Over the past five years, Teen Clothing stock produced returns of 18.7, 5.8, 7.9, 10.8, and 11.6 percent,respectively. For the same five years, the risk-free rate 5.2, 3.4, 2.8, 3.4, and 3.9 percent, respectively.What is the arithmetic average risk premium on Teen Clothing stock for this time period?A. 6.89 percentB. 7.01 percentC. 7.22 percentD. 7.34 percentE. 7.57 percent
Answer:
The correct answer is C. 7.22 percent
Explanation:
To find the arithmetic risk premium for the 5 year period, the formula is
Average risk premium for the period = Sum of risk premium for each year / number of years = ∑ra(i) - rf(i) / n
ra = asset or investment return / 100
rf = risk free return / 100
Where i represents each year.
Sum of risk premium for each year = (0.187 - 0.052) + (0.058 - 0.034) + (0.079 - 0.028) + (0.108 - 0.034) + (0.116 - 0.039) = 0.361
Average risk premium = 0.361 / 5 = 0.0722 = 7.22 / 100 = 7.22 percent
The owner of a used car dealership and his business had been under investigation by the IRS for several months because of suspected fraudulent tax returns. In addition, a police detective who had been investigating a stolen car ring uncovered evidence indicating that the car dealer might be a part of the ring. The detective went to the car lot and found evidence indicating that the ring was operating through there. The car dealer then agreed to accompany the detective to the station to make a statement on the evidence. On the way he voluntarily informed the detective about the fraudulently filed tax returns, because he believed that by revealing these facts he might receive a lighter sentence for his involvement in the stolen car ring.At his trial for filing false tax returns, the car dealer's attorney moved to exclude the statement he made. The best argument for admitting the statement is that:
Answer:
The best argument for admitting the statement is that: the statement was volunteered by the car dealer.
A clause in an international contract that designates which nation’s court has jurisdiction to hear a case arising out of the contract is called a ________.
Answer:
Jurisdiction Clause
Explanation:
Jurisdiction clause is a clause in the agreement between two nations as to which country's court can hear any cases that occurs from the agreement.
This means that if for example, France and Germany have an agreement on a certain issue, let's say watch business, France and German will then decide which country's court(maybe French court or German court) can hear any issue that arises from the watch business ; but not the two.
Cheers.
Answer:
A Jurisdiction Clause
Explanation:
A clause in an international contract that designates which country's court has jurisdiction to hear a case arising out of the contract is called a jurisdiction clause.
International contracts between parties usually involve more than one country as the various parties might come from different countries. In situations such as this, it is reasonable to know beforehand, which country's courts should hear cases that arise from disputes regarding the contract. Jurisdiction clause saves time and money in the event of disputes that tend to arise from such contracts.
Jurisdiction clauses can either be exclusive or non-exclusive.
Exclusive; only the court listed on the jurisdiction clause can hear a case.
Non-exclusive; in this instance, the court listed can hear the case as well as other courts.
If the price of good X rises and the demand for good X is elastic, then the percentage __________ in quantity demanded is __________ the percentage rise in price, and total revenue __________.a. fall; greater than; risesb. fall; less than; fallsc. fall; equal to; remains constantd. rise; greater than; fallse. fall; greater than; falls
Answer:
e. fall; greater than; falls
Explanation:
Demand is price elastic if a small change in price has a greater effect on the quantity demanded. The coefficient of elasticity is usually greater than one which indicates that the percentage change in quantity demanded is greater than the percentage change in price.
Elasticity of demand = percentage change in quantity demanded/ percentage change in price
If demand is elastic, an increase in price leads to a fall in quantity demanded and total revenue falls.
I hope my answer helps you
Consumer behavior can best be defined as the study of the processes individuals, groups, or organizations go through in order to _______________
Answer:
Consumer behavior can be best defined as the study of the processes individuals, groups, or organizations go through in order to make buying decisions.
Explanation:
Consumer behavior is the study that analyzes the behavior of any consumer, be it individual, groups, or organizations, that they exhibit while going through the process of buying behavior. It is used to study the tastes and preferences of the consumer and thus make their products in accordance with the needs and demands of the consumer.
Consumer behavior is the study of how individuals, groups, or organizations make choices to satisfy their needs by selecting, securing, and disposing of products, services, experiences, or ideas. It encompasses understanding the decision-making processes of buyers and the factors that influence their choices.
Explanation:Consumer behavior can be defined as the study of the processes individuals, groups, or organizations go through in order to select, secure, and dispose of products, services, experiences, or ideas to satisfy their needs. It involves understanding the decision-making processes of buyers, the factors that influence their choices, and the impacts that these processes have on consumers and society. Consumer behavior is a multidisciplinary field that draws from psychology, sociology, marketing, economics, and other disciplines to gain insights into consumer motivations and behaviors.
A recent news story reported that OPEC is expected to decrease the supply of oil next summer. Summer is traditionally a time of increased demand for oil because of the many families driving and flying to vacation sites. What would be the combined effect of these two events on the summer market for gasoline?
a. an increase in the price and an unpredictable change in the quantity
b. an unpredictable change in both the price and the quantity
c. an unpredictable change in the price and a decrease in the quantity
d. an increase in the price and the quantity
Answer:
Option "A" is the correct answer to the following statement.
Explanation:
A current news article reported that next year, OPEC is expected to reduce oil supply.
Summer is typically a period of higher demand for oil owing to the many families traveling and going to the holiday sites.
Then it is a price increase and an unexpected amount shift.The up-sloping demand curve, where there is little incentive to sell for increased prices, is moved to the right, since more vendors are willing to supply at a lower price, allowing volumes to increase for a particular price.
Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions.Category - ValueCompensation of employees - $194.2U.S. exports of goods and services - 17.8Consumption of fixed capital - 11.8Government purchases - 59.4Taxes on production and imports - 14.4Net private domestic investment - 52.1Transfer payments - 13.9U.S. imports of goods and services - 16.5Personal taxes - 40.5Net foreign income - 2.2Personal consumption expenditures - 219.1Statistical discrepancy - 0Instructions: Round your answers to one decimal place.
Answer:
a. $343.7 billion
b. $331.9 billion
c. $334.1 billion
Explanation:
The computation is shown below:
a. For GDP
GDP = Personal consumption expenditures + Government purchases + Net private domestic investment + Consumption of fixed capital + net exports
where,
Net exports = U.S. exports of goods and services - U.S. imports of goods and services
= $17.8 - $16.5
= $1.3 billion
So, the GDP would be
= $219.1 + $59.4 + $52.1 + $11.8 + $1.3
= $343.7 billion
b. For NDP
NDP = GDP - Consumption of fixed capital or depreciation
= $343.7 - $11.8
= $331.9 billion
c. For NI
NI = GDP + Net foreign income
= $331.9 billion + 2.2 billion
= $334.1 billion
All values are in billions
To compute GDP, add up the given components. To find NDP, subtract consumption of fixed capital from GDP. To find NI, subtract taxes on production and imports from NDP and add net foreign income.
Explanation:To compute GDP, we need to add up the following components:
Compensation of employees: $194.2BU.S. exports of goods and services: $17.8BConsumption of fixed capital: $11.8BGovernment purchases: $59.4BTaxes on production and imports: $14.4BNet private domestic investment: $52.1BTransfer payments: $13.9BU.S. imports of goods and services: $16.5BAdding these components together gives us: $194.2B + $17.8B + $11.8B + $59.4B + $14.4B + $52.1B + $13.9B - $16.5B = $346.1B
This is the value of GDP.
To calculate NDP, we need to subtract consumption of fixed capital from GDP. So, NDP = GDP - Consumption of fixed capital = $346.1B - $11.8B = $334.3B
Finally, to compute NI, we need to subtract taxes on production and imports from NDP and add net foreign income: NI = NDP - Taxes on production and imports + Net foreign income = $334.3B - $14.4B + $2.2B = $322.1B
Assume Metro Corporation had a net income of $2,400 for the year ending December 2018. Its beginning and ending total assets were $30,000 and $19,000, respectively. Calculate Metro's return on assets (ROA). (Round your percentage answer to two decimal places.)
A. 12.63%
B. 4.9%
C. 8%
D. 9.8%
Answer:
9.8%
Explanation:
The return on assets ratio( ROA ) measures the efficiently in which a business manages its assets to generate profits during a period.
The formula for calculating Return on assets is as follows.
return of asset ratio = Net income/ Average Total Assets x 100
For metro corporation:
net income: $ 2,400
Average total assets : = $30,000 +$19,000/2
=$24,500
ROA= $2400/$24500x100
=0.098 x100
=9.8%