Answer:
The answer is d. Property Rights
Explanation:
The correct answer is Property Rights because strong economy of a country requires good incentive and support by powerful institutions. The important incentives include Property Rights, competition and open market instead of monopolies, dependable legal system instead of legal limits on excessive profits, honest and stable government.
The following transactions were completed by Daws Company during the current fiscal year ended December 31:
Jan. 29. Received 35% of the $9,000 balance owed by Kovar Co., a bankrupt business, and wrote off the remainder as uncollectible.
Apr. 18. Reinstated the account of Spencer Clark, which had been written off in the preceding year as uncollectible. Journalized the receipt of $4,000 cash in full payment of Clark's account.
Aug. 9. Wrote off the $11,850 balance owed by Iron Horse Co., which has no assets.
Nov. 7. Reinstated the account of Vinyl Co., which had been written off in the preceding year as uncollectible. Journalized the receipt of $7,000 cash in full payment of the account.
Dec. 31. Wrote off the following accounts as uncollectible (one entry): Beth Connelly Inc., $12,100; DeVine Co., $8,110; Moser Distributors, $21,950; Oceanic Optics, $10,000.
Dec 31 Based on an analysis of the $1,450,000 of accounts receivable, it was estimated that $60,000 will be uncollectible.
Record the January 1 credit balance of $54,200 in a T account for Allowance for Doubtful Accounts.
Answer:
Explanation:
The T account is presented below:
Allowance for Doubtful Debts
Jan 29 $5,850 Jan 1 Beginning balance $54,200
Aug 9 $11,850 April 18 $4,000
Dec 31 $52,160 Nov 7 $7,000
Dec 31 Unadjusted
balance $4,660
Dec 31 Adjusting entry $64,660
Dec 31 Adjusted balance $60,000
A Six sigma (6s) approach to quality focuses on preventing defects by using customer feedback to reduce variation and waste. Group of answer choices True False
Answer:
False
Explanation:
Six sigma is a tool used by organizations to improve their processes and reduce defects, to improve quality of their products or services.
It focuses on reducing variation in the business processes (from manufacturing, sales, delivery, to customer service), to reduce defects and increase the quality of goods and services. It also generally improves organizational performance and increases profit.
Six sigma does NOT focus on customers feedback to reduce variation and waste.
Dacosta Corporation had only one job in process on May 1. The job had been charged with $2,550 of direct materials, $6,990 of direct labor, and $10,146 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $19.90 per direct labor-hour.
During May, the following activity was recorded:
Raw materials (all direct materials):
Beginning balance $ 9,250
Purchased during the month $ 38,750
Used in production $ 40,050
Labor:
Direct labor-hours worked during the month 2,650
Direct labor cost incurred $ 25,260
Actual manufacturing overhead costs incurred $ 34,050
Inventories:
Raw materials, May 30 ?
Work in process, May 30 $ 17,132
Work in process inventory on May 30 contains $3,876 of direct labor cost. Raw materials consist solely of items that are classified as direct materials.
The balance in the raw materials inventory account on May 30 was:
Answer:
The balance in the raw materials inventory account on May 30 was $ 7,950.
Explanation:
This question requires us to calculate the balance in the raw materials inventory account on May 30. The detail about inventory purchase during the period, inventory consumed in production and opening inventory balance is given in the problem. We can easily calculate closing balance using following equation.
opening inventory + purchase = closing balance + inventory cosumed
9,250 + 38,750 = closing balance + 40,050
closing balance = $ 7,950
Compare and contrast Borealis’old financial plan-ning and control system with its new system.
Answer:
Old: Budget controlled by financial controller
New: Budget not controlled by financial controller
Old: Budget provide control over cost structure
New: Set target for variable and fixed costs by benchmarking competitors
Old: No freedom to spend money
New: Freedom to spend money to meet benchmark.
Nathan has just begun his informative speech when jackhammers start making a racket in a nearby parking lot. This bothers both Nathan and the audience. The jack hammer noise is an example of a/an:
a. Environmental distraction
b. Noise pollution
c. Psychological problem
d. Active noise
Answer:
The correct answer is letter "B": Noise pollution.
Explanation:
Noise pollution refers to all sounds produced by man because of his daily activities that create discomfort or damage somehow the natural environment. The noise is causing the pollution comes from honking horns, motor vehicles, manufacturing plants, and construction works just to mention a few.
Find the following values for the lump sum assuming annual compounding:The future value of $500 invested at 8 percent for one year.Future Value=$500 * (1+0.08) ^1Future Value=$540The future value of $500 invested at 8 percent for five years.Future Value=$500 * (1+0.08) ^5Future Value=$734.66The present value of $500 to be received in one year when the opportunity cost rate is 8 percent.Present Value=$500/(1+0.08) ^1Present Value =$462.96The present value of $500 to be received in five years when the opportunity cost rate is 8 percent.Present Value=$500/(1+0.08) ^5Present Value =$340.29
Answer:
a) 540
b) 734.66
c) 462.96
d) 340.29
Explanation:
Here is the formula and explanation for each case:
a) FV of 500 invested at 8% during a year:
[tex]Principal \: (1+ r)^{time} = Amount[/tex]
Principal 500.00
time 1.00
rate 0.08000
[tex]500 \: (1+ 0.08)^{1} = Amount[/tex]
Amount 540.00
b) FV of 500 invested at 8% during a five years:
[tex]Principal \: (1+ r)^{time} = Amount[/tex]
Principal 500.00
time 5.00
rate 0.08000
[tex]500 \: (1+ 0.08)^{5} = Amount[/tex]
Amount 734.66
c) PV of 500 at 8% discount rate within a year
[tex]\frac{Maturity}{(1 + rate)^{time} } = PV[/tex]
Maturity 500.00
time 1.00
rate 0.08000
[tex]\frac{500}{(1 + 0.08)^{1} } = PV[/tex]
PV 462.9630
d) PV of 500 at 8% discount rate in 5 years
[tex]\frac{Maturity}{(1 + rate)^{time} } = PV[/tex]
Maturity 500.00
time 5.00
rate 0.08000
[tex]\frac{500}{(1 + 0.08)^{5} } = PV[/tex]
PV 340.2916
The future value and present value calculations for a lump sum investment at a given interest rate.
Explanation:To find the future value of $500 invested at 8 percent for one year, use the formula Future Value = Present Value * (1 + Rate)^Time. In this case, Future Value = $500 * (1 + 0.08)^1 = $540.
To find the future value of $500 invested at 8 percent for five years, use the same formula. Future Value = $500 * (1 + 0.08)^5 = $734.66.
To find the present value of $500 to be received in one year when the opportunity cost rate is 8 percent, use the formula Present Value = Future Value / (1 + Rate)^Time. So, Present Value = $500 / (1 + 0.08)^1 = $462.96.
To find the present value of $500 to be received in five years when the opportunity cost rate is 8 percent, use the same formula. Present Value = $500 / (1 + 0.08)^5 = $340.29.
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Pick 2 of the business drivers that impact organizational security policies and explain why?
Answer:
loss of money and customer loyalty
Explanation:
security breach can lead to fraud on the company resulting in heavy financial losses. This can make customers feel unsafe about the company and not patronize the company. Most companies design their security policies such that they will not lose money resulting from hacking or glitches. The basic fundamental that drives profitability is also customer loyalty hence firms/companies design water tight security policies to ensure their customers feel safe with them. When there is data breach, customers get worried that their personal information may have been leaked to the public.
Amber Corporation donated inventory of clothing (basis of $136,000, fair market value of $170,000) to a qualified charitable organization that operates homeless shelters.
Compute the charitable contribution deduction (ignoring the percentage limitation) for the C-corporation.
Answer:
charitable contribution deduction = $153000
Explanation:
given data
basis = $136,000
fair market value = $170,000
solution
we get here charitable contribution deduction that is express as
charitable contribution deduction = Basis + 50% of (Fair - basis) .......................1
put here value and we get
charitable contribution deduction = $136,000 + 0.50 ($170,000 - $136,000 )
charitable contribution deduction = $153000
Milena has a gross biweekly income of $2,200. She pays 18% in federal and state taxes, puts aside 10% of her income to pay off her school loan, and puts 5% of her income aside for savings. She is considering an apartment that rents for $1,200 per month. Based on her expenses, can she make the monthly payments?
Answer:
2,2000* 26/12=4,776.67
4776.67-18%*4766,67-10%*4776.67-5%*4776.67=3193.67
Explanation:
The following information has been extracted from the financial statements of a company. Use it to answer the 7 questions that follow it. When answering the questions (filling in the blanks), DO NOT use dollar signs, USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign and place it in front of first digit of your answer when your answer is a negative number. Round to the nearest dollar. Total Current Assets in 2016 = $20,000 Net Fixed Assets in 2016 = $150,000 Total Current Liabilities in 2016 = $10,000 Net Income in 2016 = $10,000 Common dividends in 2016 = $2,000 Retained earnings in Balance Sheet 2015 = $20,000 Common Stock in 2015 = $70,000 There is no other items in the stock owners section in the balance sheets of 2015 and 2016. There is no issuance of equity in 2016. 1. What is the amount for Total Assets in 2016?
Answer:
$170,000
Explanation:
Given that,
Total Current Assets in 2016 = $20,000
Net Fixed Assets in 2016 = $150,000
Total Current Liabilities in 2016 = $10,000
Net Income in 2016 = $10,000
Common dividends in 2016 = $2,000
Retained earnings in Balance Sheet 2015 = $20,000
Common Stock in 2015 = $70,000
Total Assets in 2016:
= Total current assets in 2016 + Net Fixed Assets in 2016
= $20,000 + $150,000
= $170,000
Therefore, the amount for Total Assets in 2016 is $170,000.
Interview Notes ⢠Gail is single and earned $28,000 as a cashier, her only income. ⢠Gail's son Tony is 17 years old and a full-time student in high school. ⢠Tony received Social Security survivor benefits of $5,000 in 2019. None of those benefits were taxable. He earned $10,000 during the summer working as a website developer. Tony had no withholding in box 2 of his Form W-2. ⢠He used his Social Security survivor benefits and wages to provide over half of his own support. ⢠Gail and Tony lived together all of 2019 and are U.S. citizens with valid Social Security numbers. 6. Which of the following statements is true?
OA. Tony is not required to file a tax return because his gross income is below the filing requirement.
OB. Tony is required to file because his total income is over $12,200.
C. Tony is required to file because Gail can claim him as a dependent and his income is over $4,200.
OD. Tony is not required to file because his Social Security benefits are reported on Gail's return.
Answer:
Tony is not required to file a tax return because his gross income is below the filing requirement.
Explanation:
As per 2019 tax rules, the tax filing is not mandatory toa single filer if the gross income is below $12,200, it is standardized.
A fire has destroyed many of the financial records at Anderson Associates. You are assigned to piece together information to prepare a financial report. You have found that the firm’s return on equity is 12% and its equity multiplier is 1.6667. Anderson has no preferred stock, its total current liabilities equal $250,000, and its total assets equal $2,500,000. The firm has no short-term debt. What is the firm’s total debt to total capital ratio if its ROE is 15%, its ROA is 10%, and its total current liabilities and total assets remain constant?
Answer:
25.9%
Explanation:
The firm’s total debt to total capital ratio is 25.9%
During the current year, the Jules Company incurred the following product costs:Direct materials used in production $250,000Direct labor $185,000Manufacturing overhead $245,500The Jules Company's beginning Work in Process Inventory was $20,000 and its ending Work in Process Inventory amounted to $30,000. What is the company's cost of finished goods manufactured for the year? A) $700,500. B) $690,500. C) $430,500. D) $670,500
Answer:
Option (D) is correct.
Explanation:
Given that,
Direct materials used in production = $250,000
Direct labor = $185,000
Manufacturing overhead = $245,500
Beginning Work in Process Inventory = $20,000
Ending Work in Process Inventory = $30,000
Cost of finished goods manufactured for the year:
= Direct materials used in production + Direct labor + Manufacturing overhead + Beginning Work in Process Inventory
= $250,000 + $185,000 + $245,500 + $20,000 - $30,000
= $670,500
Assume that you contribute $150 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $350 per month for the next 25 years. Given an 8 percent interest rate, what is the value of your retirement plan after the 40 years?
Final answer:
To calculate the future value of a retirement plan with differing contributions over 40 years and an 8% interest rate, we use two separate calculations for the 15-year and 25-year contribution periods. The future value for each period is found using compound interest formulas, which include adjusting for the changing monthly contribution amounts.
Explanation:
To calculate the value of the retirement plan after 40 years, we will separate the calculation into two different periods due to the change in monthly contribution. For the first 15 years with a monthly contribution of $150 and an 8% annual interest rate, we use the future value of a series formula for compound interest:
FV = P \times \frac{[(1 + r)^n - 1]}{r}
Where:
FV is the future value of the investment.
P is the monthly contribution.
r is the monthly interest rate.
n is the total number of contributions.
For the first period:
P = $150
r = 0.08/12 (since 8% is the annual rate, we divide by 12)
n = 15 \times 12
The future value for the first period (FV1) will then be:
FV1 = 150 \times \frac{[(1 + 0.08/12)^(15 \times 12) - 1]}{0.08/12}
For the second period of 25 years with a monthly contribution of $350, we not only calculate the FV of these contributions (FV2) but also the compounded value of FV1 over the additional 25 years. Therefore we use:
FV2 = P \times \frac{[(1 + r)^n - 1]}{r} + FV1 \times (1 + r)^n
Where:
P = $350
n = 25 \times 12
Calculating FV2 gives us the total value of the retirement plan after 40 years.
West Company had the following account balances at December 31, 2016, before recording bad debt expense for the year: Accounts receivable $ 900,000 Allowance for uncollectible accounts (credit balance) 16,000 Credit sales for 2016 1,750,000 West is considering the following methods of estimating bad debts for 2016: ⢠Based on 2% of credit sales ⢠Based on 5% of year-end accounts receivable What amount should West charge to bad debt expense at the end of 2016 under each method? Percentage of Credit Sales Percentage of Accounts Receivable Multiple Choice $35,000 $29,000 $35,000 $45,000 $51,000 $29,000 $51,000 $45,000
Answer:
The amount reported must be on two simple rules that is as under:
1. The provision must reflect the bad debts of current year receivables only.
2. The provision must not reflect the bad debts of previous year receivables.
Now there are two ways we can solve this problem. One is using 2% of $1,750,000 of credit sales which is $35000 and the other one is 5% of $900,000 of the receivable amount which is $45,000.
Now we have to adjust the amount $45,000 for the bad debts already recorded in the accounts for the previous year, which is $16,000 for the year. So the net amount that we have to record is $29,000.
Dr Bad debt expense $29,000
Cr Provision for bad debts $29,000
In the case of Credit Sales percentage we just calculate the figure and pass the entry of bad debt as under:
Dr Bad debt expense $35,000
Cr Provision for bad debts $35,000
The manager of Dukey’s Shoe Station estimates operating costs for the year will include $360,000 in fixed costs.
Required:
a. Find the break-even point in sales dollars with a contribution margin ratio of 40 percent.
b. Find the break-even point in sales dollars with a contribution margin ratio of 25 percent.
c. Find the sales dollars required to generate a profit of $100,000 for the year assuming a contribution margin ratio of 40 percent.
Answer:
(a) $900,000
(b) $1,440,000
(c) $1,150,000
Explanation:
a) Break-even point($):
= Fixed cost ÷ Contribution Margin ratio
= $360,000 ÷ 0.40
= $900,000
b)Break-even point($):
= Fixed cost ÷ Contribution Margin ratio
= $360,000 ÷ 0.25
= $1,440,000
C)Target sales ($):
= [Fixed cost + desired profit ] ÷ Contribution Margin ratio
= [$360,000 + $100,000] ÷ 0.40
= $ 1,150,000
Using the break-even point formula, the sales required for Dukey’s Shoe Station to cover fixed costs with a 40% contribution margin is $900,000, $1,440,000 with a 25% contribution, and $1,150,000 to achieve a profit of $100,000 with a 40% contribution margin.
Explanation:This problem is solved by using the break-even point formula in sales dollars which is the Fixed Costs / Contribution Margin Ratio.
To find the break-even point in sales dollars with a contribution margin ratio of 40 percent, the calculation would be $360,000 / 0.40 = $900,000. So, Dukey’s Shoe Station would have to make $900,000 in sales to cover the fixed costs.The break-even point in sales dollars with a contribution margin ratio of 25 percent is $360,000 / 0.25 = $1,440,000. This means the company needs to make $1,440,000 in sales to break even.To find the sales dollars required to generate a profit of $100,000 for the year, given a contribution margin ratio of 40 percent, you'll simply add the desired profit to the fixed costs and divide by the contribution margin ratio. This equals ($360,000 + $100,000) / 0.40 = $1,150,000.Learn more about Break-Even Analysis here:https://brainly.com/question/31319621
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A company's beta (from the CAPM) is affected by its capital structure. a. True b. False
Answer:
True
Explanation:
We know that
Risk-free rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)
where,
The Market rate of return - Risk-free rate of return) is also known as the market risk premium and the same is applied.
Plus we know that the capital structure is composed of debt and equity. If the debt is increasing, the market risk is also increased, and therefore the volatility is also increasing.
The beta is the volatility which can affect due to market movements so it automatically affect the capital structure
Which statements would economist Robert J. possibilities frontier? Gordon agree with regarding the effect of technology investment on the production Choose one or more A. In the twenty-first century, investment in technology is an especially effective way to increase long-run production possibilities. As a booster of long-run production possibilities, investment in the technology of the twenty-first century is overrated e C. Technology investment had a bigger impact on long-run production possibilities a hundred years ago than it does today . Technology investment has a bigser impact on long-run production possiblities today than it did a hundred years ag
Answer:
The correct options are B and C
B. As a booster of long-run production possibilities, investment in the technology of the twenty- first century is overrated.
C. Technology investment had a bigger impact on long-run production possibilities a hundred years ago than it does today.
Reason-
In twenty-first century production increases because of technology investment. Technology investment means development in production technologies. Conversely In twenty-first century technology change rapidly hence production also rises rapidly. Hundred years back means in nineteen century influence of technology investment on PPF is greater than today because today technology changing is normal.
Final answer:
Robert J. Gordon may agree that technology investment had a bigger impact on long-run production possibilities a hundred years ago compared to today. While technology still contributes to economic growth, its transformative power on the production possibilities frontier may vary over time as per his perspective.
Explanation:
Regarding the views of economist Robert J. Gordon on the impact of technology investment on the production possibilities frontier (PPF), it's important to understand the context of his work. Gordon has been skeptical about the current technology's ability to boost productivity as significantly as past innovations, such as electricity and internal combustion engine, did. Therefore, he might agree more with the statement that the impact of technology investment had a bigger effect on long-run production possibilities a hundred years ago than it does today. This is because technological advancements in the past fundamentally transformed economies, leading to massive expansions in the PPF, whereas current technology investments, while still causing growth, may not incite such dramatic changes in economic productivity.
Overall, this does not negate the principle that an increase in the quantity or quality of factors of production or improvements in technology can shift the PPF outward, leading to economic growth. Over time, as we have seen, continuously improving technology does enable an economy to produce more goods and services, thus expanding consumption and the PPF. However, the rate of this expansion and the transformative impact of technology may differ between periods and is a subject of debate among economists like Gordon.
Carly is applying for a position at a multinational corporation that will require her to work with people in other countries. Fortunately, she has experience doing this. To prepare for her interview, she is reviewing instances when she demonstrated a global mindset at her previous job. She knows that she will show the interviewer she has a global mindset by telling about times she has appreciated and influenced individuals, groups, organizations, and systems with different social, cultural, political, institutional, intellectual, and psychological characteristics.
Carly could best show the interviewer that she possesses the psychological dimension of the global mindset by discussing:
A) how fluent she is in german and how knowledgeable she is about german literature, film, and music
B) how much she enjoyed improving her conversational german by living with a host family for one semester in college how she was able to build strong, mutually trusting relationships with colleagues at manufacturing facilities in the Ruhr in Germany
Carly could best show the interviewer that she possesses the psychological dimension of the global mindset by discussing how much she enjoyed improving her conversational german and how she was able to build strong, manually trusting relationships with colleagues at manufacturing facilities in the Ruhr in Germany.
Explanation:
This is because this shows the qualities that the person to be selected has the required qualities and this will help Carly show the interviewer she has a global mindset by giving her real life experience examples like telling about the times she has appreciated and influenzed individuals and groups of people and it is the right way in which Carly can express her qualities with the interviewer and have a positive impact.
You have found an asset with a 13.60 percent arithmetic average return and a 10.44 percent geometric return. Your observation period is 30 years. What is your best estimate of the return of the asset over the next 5 years? 10 years? 20 years?
Answer:
Return on assets = 10.87 %
Return on assets = 11.42%
Return on assets = 12.51 %
Explanation:
given data
arithmetic average return = 13.60 percent = 0.1360
geometric return = 10.44 percent = 0.1044
observation period N = 30 years
solution
we will use here Blume formula for return of the asset for 5 , 10 and 20 year
Return on assets = Arithmetic average return × (N - T) ÷ (N - 1) + Geometric average × (T - 1) ÷ (N - 1) ....................1
here N is observation period and t is time period i.e 5, 10 and 20
put here value for all 3 we get
Return on assets = [tex]\frac{5-1}{30-1}*0.1360 +\frac{30-5}{30-1}*0.1044[/tex]
Return on assets = 0.108759 = 10.87 %
and
Return on assets = [tex]\frac{10-1}{30-1}*0.1360 +\frac{30-10}{30-1}*0.1044[/tex]
Return on assets = 0.114207 = 11.42%
and
Return on assets = [tex]\frac{20-1}{30-1}*0.1360 +\frac{30-20}{30-1}*0.1044[/tex]
Return on assets = 0.125103 = 12.51 %
The Stone Company has observed that its utility cost is $5,000 when operating at a level of 20,000 machine hours per period. The utility cost drops to $4,000 when the operating level drops to 15,000 machine hours.
Required:
Estimate the utility cost for an operating level of 18,000 machine hours.
Answer:
$4,600
Explanation:
Data provided in the question:
Utility cost = $5,000
Operating level = 20,000 machine hours per period
Final utility cost = $4,000
Final operating level = 15,000
Now,
Variable cost per machine hour
= [Total cost at highest level-Total cost at lowest level] ÷ [ Highest level-Lowest level) ]
=[ 5000 - 4000 ] ÷ [ 20,000 - 15,000 ]
= $0.2 per machine hour
Therefore,
Fixed costs = $5,000 - [ 0.2 × 20,000 ]
= $1000
Total cost for 18000 machine hours
= [ 0.2 × 18,000 ] + 1000
= $4,600
A CPA can accept a contingent fee in providing tax services for an attest client if:
a. The CPA discloses this fact to the tax client
b. The CPA receives the permission of the client to accept such a form of payment
c. The CPA's tax services will be reviewed by a taxing authority
d. All of the above
Answer:
c. The CPA's tax services will be reviewed by a taxing authority.
Explanation:
The requirement of the commissions and contingent fees rule is that, the CPA is prohibited from accepting such a form of payment when engaged in attest services for a client.
Therefore, The CPA’s tax services will be reviewed by a taxing authority.
A CPA can accept a contingent fee in providing tax services for an attest client if the CPA's tax services will be reviewed by a taxing authority. The correct answer is option C.
According to the AICPA Code of Professional Conduct, contingent fees are generally prohibited for attest clients. However, an exception exists for tax services that are reviewed by a taxing authority. This ensures that the CPA's independence is not compromised, as the fee depends on the outcome of the taxing authority's review rather than the client's preferences.
Contingent fees generally prohibited for attest clients.Exception for tax services reviewed by a taxing authority.Ensures CPA's independence and objectivity.This rule helps maintain the integrity of the CPA's work and adherence to professional standards, particularly when dealing with attest clients.
Which of the following is not a product cost?
(A) Property tax on the factory building
(B) Advertising
(C) Factory workers' salaries
(D) Indirect materials used in production
Explanation:
d indirect materials used in production hope it's right
On April 1, 2014, Cyclone's Backhoe Co. purchases a trencher for $280,000. The machine is expected to last five years and have a salvage value of $40,000.
1. Compute depreciation expense for both 2014 and 2015 assuming the company uses the straight-line method.
Answer:
2014 - $ 36,000
2015 - $ 48,000
Explanation:
Depreciation Basis
Cost $ 280,000
Salvage Value $ 40,000
Depreciable Basis $ 240,000
Useful Life 5 years
Annual depreciation charge = $ 48,000 ( 240,000/5)
Charge for 9 months of 2014 $ 36,000
Charge for full year 2015 $ 48,000
Suppose the level of real GDP supplied by firms is $10.5 trillion and the price level is 105. In this case, the quantity of real GDP supplied is the real GDP demanded at a price level of 105, and firms will experience an unplanned in inventories. Firms will respond to the change in inventories by producing output until the economy reaches macroeconomic equilibrium at a price level of and real GDP of . Suppose consumers and businesses become less optimistic about future economic conditions, causing the aggregate demand curve to decrease by $1.5 trillion at each price level. Use the green line (triangle symbols) to show the new aggregate demand curve (AD2). Be sure that AD2 is parallel to AD1 (you can click on AD1 to see its slope). Then use the purple drop lines (diamond symbol) to indicate the new macroeconomic equilibrium after the shift of aggregate demand. The decrease in aggregate demand leads to a movement along the range of the aggregate supply curve, causing the equilibrium price level to and the equilibrium level of real GDP to .
Answer:
The new equilibrium will have a lower level of price and the GDP will be $9 trillion
Explanation:
The law of the demand explain the movements of the aggregate demand, the new equilibriun will have a lower level of price and the real GPD of $9 trillion. The change in the level of price depends on elasticities of the agregate demand and the agragate supply.
A decrease in aggregate demand leads to a shift in the aggregate demand curve and a new equilibrium with lower GDP and price levels. Lower wages during high unemployment can shift the short-run aggregate supply to the right, creating a new equilibrium at the initial GDP level but a lower price level.
Explanation:The student's question pertains to a decrease in aggregate demand within the Aggregate Demand/Aggregate Supply Model. To understand this, it's essential to recognize that the intersection of the aggregate supply and aggregate demand curves represents the equilibrium level of real GDP and the equilibrium price level in the economy. Initially, if real GDP supplied is $10.5 trillion and the price level is 105, that's the point of macroeconomic equilibrium. However, if aggregate demand decreases due to less optimism about future economic conditions, this decreases by $1.5 trillion at each price level. This decrease in aggregate demand causes a movement or shift to the left on the aggregate demand curve (from AD1 to AD2).
The result of this decrease is a new equilibrium with a lower GDP and downward pressure on the price level. For instance, a decrease in aggregate demand might shift the equilibrium from an output level of 500 and a price level of 120, to a lower output level of 450 and a price level of 115. During such times where unemployment rates may increase, wages might be held back. This lower wage can be viewed as a decrease in the price of a key input, which then shifts the short-run aggregate supply to the right, inducing a new equilibrium with the original GDP but at a lower price level.
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The liquidity of a company with significant amounts of obsolete inventory is best measured by the ______ ratio.
Answer:
The liquidity of a company with significant amounts of obsolete inventory is best measured by the inventory turnover ratio.
Explanation:
Depending on how functional the inventories are, the ratios of inventory turnover would bulk or shrink. To have a clear picture of the amounts of obsolete inventory, an examination of the inventory turnover ratio would help greatly as it would dispense the necessary comparative data related to all the inventories. The functionality of the inventories can thus be clearly devised from the inventory turnover ratio.Suppose that Greece and Switzerland both produce rye and stained glass. Greece's opportunity cost of producing a pane of stained glass is 4 bushels of rye while Switzerland's opportunity cost of producing a pane of stained glass is 10 bushels of rye. By comparing the opportunity cost of producing stained glass in the two countries, you can tell that _____ (Germany, France) has a comparative advantage in the production of stained glass and ____ (Germany, France) has a comparative advantage in the production of rye.
Answer:
Greece; Switzerland
Explanation:
Greece:
Opportunity cost of producing a pane of stained glass = 4 bushels of rye
Opportunity cost of producing a bushel of rye = (1 ÷ 4)
= 0.25 pane of stained glass
Switzerland:
Opportunity cost of producing a pane of stained glass = 10 bushels of rye
Opportunity cost of producing a bushel of rye = (1 ÷ 10)
= 0.1 pane of stained glass
Therefore,
Greece has a comparative advantage in producing pain of stained glass because the opportunity cost of producing stained glass is lower than the Switzerland.
Switzerland has a comparative advantage in producing bushel of rye because the opportunity cost of producing a bushel of rye is lower than the Greece.
Greece has a comparative advantage in producing stained glass because it has a lower opportunity cost. In contrast, Switzerland has a comparative advantage in producing rye, due to having a lower opportunity cost in that field.
Explanation:In economics, the comparative advantage is developed when a country can produce a certain good at a lower opportunity cost than another country. From the information given, we can see that Greece has to give up 4 bushels of rye to produce a pane of stained glass, whereas Switzerland has to give up 10 bushels of rye to produce the same unit of stained glass.
Considering these opportunity costs, we can say that Greece has a comparative advantage in producing stained glass because it has to give up less rye (a lower opportunity cost) in comparison to Switzerland. Conversely, Switzerland has a comparative advantage in the production of rye because it can retain more rye than Greece by choosing not to produce stained glass.
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When team members take direction from both the project and line managers, the type of project manager is usually:________a. Lightweight team leader b. Heavyweight team leader c. Tiger team leader d. Leopard team leader
When team members take direction from both the project and line managers, the type of project manager is usually Heavyweight team leader.
Explanation:
The project manager has direct links to and responsibility for the work of all project participants, usually senior managers in the organization, within a heavyweight team structure. The responsive managers are at the same stage or overridden.
They do indeed have expertise, experience and major corporate influence. In addition, these managers primarily influence public opinion working on the development work and directly monitor their work through key staff members of the core teams.
Often, the fundamental teams (their functional working fields) are committed and physically co-located with that heavy weight project leader.
The type of project manager when team members take direction from both the project and line managers is usually a Matrix Project Manager, a term not listed in the question's options. This relates to sociological studies of leadership styles such as democratic and authoritarian leaders.
Explanation:When team members take direction from both the project and line managers, the type of project manager is usually a Matrix Project Manager, which is not listed in the provided options (Lightweight team leader, Heavyweight team leader, Tiger team leader, Leopard team leader). The matrix management system involves team members reporting to two bosses: the project manager and the functional or line manager. This approach can often lead to shared responsibilities and collaborative problem-solving.
This management style is related to what is known in sociological studies as different leadership styles. For instance, democratic leaders encourage group participation and consensus in decision making, possibly resembling a collaborative work style in a matrix environment. On the other hand, authoritarian leaders, like some entrepreneurs, issue orders and assign tasks with a top-down communication pattern, which is more likely to be found in traditional, hierarchical organizational structures.
___ is the process of examining, documenting, and assessing the security posture of an organization’s information technology and the risks it faces. Select one: a. Risk identification b. Data classification c. Security clearance d. DR
Answer:
The correct answer is letter "A": Risk identification.
Explanation:
Risk identification is one of the steps used in the risk management process. Risks are determined through the measurement of the parameters that define them, the size of the loss or possible damage, and the possibility that the loss or damage eventually takes place.
In a business, risk supervision is a means to manage possible dangers and harm the business may suffer if the steps for security is not implemented.
Cyber attacks, compromise of data, safety violations are some of the risks an organization may face.
The correct answer is:
Option A. Risk Identification.
The explanation for this is:
A system that can determine the possible threat and can block the threat from affecting the business, investment and plans from attaining its purpose is known as risk identification.Data organisation is a system that organizes the information according to the data or file type.Security Allowance is the approval given to an individual or an organization to access the classified records.Therefore, Risk identification is a process of examining, documenting, and assessing the security of an organization's technology and the potential threats it can face.
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Consider the market for cars. Which determinant of demand is affected by each of the following events? Choose from: consumer preferences, prices of related goods, incomes, expectations, and the number of buyers. a. Environmentalists launch a successful One Family, One Car campaign.b. A baby boom occurred 16 years ago.c. Layoffs increase as the economy sheds millions of jobs.d. An oil shortage causes the price of gasoline to soar.e. The government offers tax rebates in return for the purchase of commuter rail tickets.f. The government announces a massive plan to bail out the auto industry and subsidize production costs.
Answer:
a. consumer preferences
b. number of buyers
c. incomes
d. price of related goods
e. price of related goods
f. expectations
Explanation:
a. consumer preferences : It is characterized as the qualitative of the numerous bundles of products, as calculated by utility.
b. number of buyers : The number of buyers willing and capable to purchase goods is presumed to be continuous when building a demand curve.
c. incomes : Income is funds earned by an external party in return for the purchase of a product or service or through the expenditure of cash.
d. price of related goods : Cost and demand for the products. Fits are resources that are used together.
e. same as D.
f. expectations: A firm belief that anything is going to happen or be done in the future.
Consumer preferences, the number of buyers, incomes, prices of related goods, expectations, and the number of buyers are all determinants of demand that can be affected by various events in the car market.
Explanation:a. Consumer preferences
b. The number of buyers
c. Incomes
d. Prices of related goods
e. Prices of related goods
f. Expectations
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