Answer:
If consumers began eating more chicken and less beef, the cattle population would decrease.
Explanation:
Once the consumers shift to consuming more chicken than beef, the demand for beef would automatically go down. With an initiated increase in the consumption of chicken, the price of chicken would go up owing to the increase in demand and limited supply. Hence, people would look for alternatives to chicken and turn back to beef as the chicken would be unaffordable.Final answer:
Consumers eating more chicken and less beef would likely lead to a decrease in the cattle population.
Explanation:
Consumers eating more chicken and less beef would likely lead to a decrease in the cattle population. This is because the demand for beef would decrease, causing a shift in the demand curve for beef to the left. As a result, farmers would produce less beef, leading to a decrease in the number of cattle being raised.
Match the below mention information to the given below situation. While some have more than one match. a. Demand decreases and supply increases. b. Demand increases and supply decreases. c. Demand and supply both increase. d. Demand and supply both decrease. i. Gasoline: a new housing development goes up. Several new gas stations are built nearbyii. Taxis: public transit workers at a popular tourist attraction go on strike as a holiday weekend approachesiii. Pumpkins: an early frost destroyed much of the pumpkin crop. A newspaper reports zucchini is better for pie than pumpkin.iv. Corn:news media run stories about people with corn allergies. The corn crop is unusually large.
Answer:
A. iv
B. ii
C. i
D. iii
Explanation:
A. Demand decreases and supply increases. iv. Corn:news media run stories about people with corn allergies. The corn crop is unusually large.
B. Demand increases and supply decreases. ii.Taxis: public transit workers at a popular tourist attraction go on strike as a holiday weekend approaches
C. Demand and supply both increase. i. Gasoline: a new housing development goes up. Several new gas stations are built nearby.
D. Demand and supply both decrease. . iii.Pumpkins: an early frost destroyed much of the pumpkin crop A newspaper reports zucchini is better for pie than pumpkin.
If Van's Fire Engines were a competitive firm instead and $100,000 were the market price for an engine, increasing its production would not affect the price at which he can sell engines.A. True
B. False
Answer:
The given statement is False.
Explanation:
If Van's Fire Engines was a competitive firm and would have increased the production of engines, the fixed costs associated will be allocated to more units and will result in a lower cost per engine produced as compared to the less production of units. Therefore Van’s Fire Engines will be able to sell engines at a lower price.
Final answer:
In a perfectly competitive market, increasing production does not affect the price at which a firm can sell its products.
Explanation:
Perfect competition is a market structure where numerous small firms offer identical products, with no single entity having significant market control. Characteristics include a large number of buyers and sellers, homogeneous products, easy entry and exit, perfect information, and no pricing power for individual firms. It serves as an idealized benchmark for economic analysis but is rarely found in reality.
In a perfectly competitive market, the price is determined by the market and is beyond the control of individual firms. Therefore, if Van's Fire Engines were a competitive firm, increasing its production would not affect the price at which it can sell engines. This is because in perfect competition, firms are price takers and must accept the market price.
While building the ancient pyramids, the Egyptians performed several management functions. They submitted written requests and consulted staff for advice before making decisions. The Egyptians performed which of the following functions of management? Check all that apply.
a. Organizing
b. Controlling
c. Planning
d. Leading
Answer:
It is Planning
Explanation:
Planning involves deciding beforehand, what is to be done, when is it to be done, how it is to be done and who is going to do it.
It is a fundamental management function that lays down organizational objectives (i.e short-term, medium-term and long-term) and develop different courses of actions by which those objectives can be achieved.
Depending on the organizational approach to planning, sometimes a bottom-up or top-down approach is used in the planning processes.
The essence of planning cannot be overemphasized; it helps to improve future performance by having a clear written-out objectives, it helps to minimize future risk and uncertainty and it helps to uncover future opportunities and threats.
Suppose there are seven coffee shops located on the same busy street. Iftwo of the coffee shops close, which of the following will occur, holding all else fixed? Correct Answer(s) Drag appropriate answer(s) here The supply of coffee will increase, since the remaining shops will sell more than before The supply of coffee will d The demand for coffee will decrease. The price of coffee will increase
Closing two of seven coffee shops will decrease the supply of coffee. With the demand remaining stable (inelastic), this will likely lead to an increase in the price of coffee.
Explanation:If two of the seven coffee shops on a busy street close, holding all else constant, the supply of coffee will decrease due to fewer sellers in the market. This could, in turn, cause the price of coffee to increase because of the scenario formed by the combination of inelastic demand for coffee and a decrease in supply. Let's consider the elasticity of coffee demand, which is approximate 0.3. This means a 10% rise in the price of coffee would lead only to a decline of about 3% in the quantity of coffee consumed, due to the inelastic demand curve.
Historical examples can help illustrate this: when a major frost hit the Brazilian coffee crop in 1994, coffee supply shifted to the left with an inelastic demand, and prices rose. However, the demand for coffee will probably not decrease with the closure of two coffee shops; rather, the coffee-seeking customers will likely just go to the remaining shops.
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Describe the graphical relationship between ticket prices and the number of people choosing to visit amusement parks. Is that relationship consistent with the fact that, historically, park attendance and ticket prices have both risen? Explain.
Answer:
Please refer the detail answer below
Explanation:
(a) Relationship between ticket prices and the number of people choosing to visit amusement parks.
There is an inverse relationship (Law of Demand) between ticket prices and the number (Quantity) of people visiting amusement parks which means that as the ticket prices increase, people will reduce the quantity demanded of amusement park tickets, and spend their income on other goods. For example, they may decide to go to the movies instead of visiting the now more expensive amusement park.
b) Is that relationship consistent with the fact that, historically, park attendance and ticket prices have both risen?
The fact that, historically, park attendance and ticket prices have both risen over time does not invalidate the Law of Demand. The increase in park attendance maybe due to a change in demand (other factors), not a change in quantity demanded, shifting to the right.
The interest and dividends paid by a corporation are considered to be deductible operating expenses, hence they decrease the firm's tax liability.True or false?
Answer:
The correct answer is false
Explanation:
Interest payment is an expense incurred by a business as a cost of borrowing money to finance the business. It is an allowable expense for tax purposes. Hence it is deducted from revenue before tax liability is computed.
Interest expense is a tax shield as it helps the business to reduce its tax liability.
Dividends are portion of a company profit paid to shareholders. Dividends are paid from profit after tax. Therefore cannot be used to reduce tax liability.
The correct answer is false
Which PESTEL factors are the most salient for the electric vehicle segment of the car industry? Which PESTEL factors are the most salient for the battery industry? Compare and contrast these two industries with respect to each of the PESTEL factors to determine which industry is positioned to take advantage of the changes in the environment better. Explain
Answer:
PESTEL factors that are most salient for the electric vehicle segment of the car industry are economical, technological, and ecological.
PESTEL factors that are most salient for the battery industry are technological, social and economic
Explanation:
PESTEL factors that are most salient for the electric vehicle segment of the car industry are economical, technological, and ecological.
PESTEL factors that are most salient for the battery industry are technological, social and economic.
Electric cars would be economic as compared to gas and other forms of energy used to run a car or any other vehicle.
Final answer:
The most salient PESTEL factors for the electric vehicle industry are environmental, technological, and economic, while for the battery industry, technology, environmental, and legal factors stand out. The battery industry has a direct impact on the electric vehicle industry, with advancements in battery tech driving improvements in electric vehicles. Both industries are well-positioned to capitalize on environmental changes, but the battery industry may have a slight edge.
Explanation:
When examining the most salient PESTEL factors for the electric vehicle segment of the car industry, environmental considerations are extremely important due to the push for reducing emissions and combating climate change. Technological advances are critical in improving the range, battery life, and safety of electric vehicles. Economical factors also play a role as subsidies and tax incentives improve affordability for consumers, thereby driving market growth. In contrast, for the battery industry, technological advancement is even more critical as it is directly linked to the performance and cost-effectiveness of batteries which are essential for electric vehicles. Environmental and legal factors are also significant due to the need for sustainable battery disposal and recycling methods, along with regulatory standards related to safety and environmental impact.
Comparing the two industries, both are poised to benefit from changes in the PESTEL environment but in different ways. The battery industry, with its focus on technological innovation and performance, significantly impacts the electric vehicle segment since advancements in battery technology translate directly into improvements in vehicle range and efficiency. Overall, while the electric vehicle industry benefits from environmental policies and consumer trends, the battery industry is crucial in enabling these vehicles to be competitive with conventional cars through technological improvements and cost reductions.
Given the current market dynamics and technological advancements, both industries are experiencing rapid growth, but the battery industry may have a slightly better position due to its fundamental role in the electric vehicle supply chain and the ongoing focus on improving battery technology and production.
Wesson Company sold 10,000 units of its only product in the first half of the year. If sales decrease by 15% in the second half of the year, which cost will not change?
A. Direct materials
B. Direct labor
C. Sales commissions
D. Factory supplies
E. Depreciation on equipment
Answer:
so here correct option is E Depreciation on equipment
Explanation:
given data
no of unit sold = 10000 units
sales decrease = 15%
solution
Depreciation on equipment cost will not change because
Depreciation on equipment is assumed to be fixed in nature
and it is not change with increase or decrease in sales
and all other cost given here is variable in nature and it depend upon sales or an production
so here correct option is E. Depreciation on equipment
In the context of the perspectives on management, the _____ is a subfield of the classical perspective that focuses on the total organization rather than the individual worker and delineates the management functions of planning, organizing, commanding, coordinating, and controlling. a. behavioral sciences approach b. human resources perspective c. administrative principles approach d. humanistic perspective
Answer:
The correct answer is letter "C": administrative principles approach.
Explanation:
According to Turkish engineer and theorist of business Henri Fayol (1841-1925), the administrative approach is a top-down practice by which more focus is placed on the efficiency of the overall organization rather than individuals. Managers must be in charge of controlling, coordinating, planning, organizing and directing the work with employees.
The 'administrative principles' approach, a subfield of the classical perspective on management, emphasizes the total organization rather than individual workers, focusing on management functions like planning, organizing, commanding, coordinating, and controlling.
Explanation:The answer to the student's question is 'c. administrative principles approach'. In the context of the perspectives on management, the administrative principles approach is a subfield of the classical perspective that concentrates on the total organization rather than the individual worker. This approach underlines the management functions of planning, organizing, commanding, coordinating, and controlling. For instance, it would focus on creating an overall strategic plan, structuring the organization to support its goals, directing employees, harmonizing all activities, and monitoring performance against goals.
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Grannyâs Restaurant sells apple pies. Granny knows that the demand curve for her pies does not shift over time, but she wants to learn more about that demand. She has tested the market for her pies by charging different prices. When she charges $4 per pie, she sells 30 pies per week. When she charges $5, she sells 24 pies per week. If she charges $4.50, she sells 27 apple pies per week.
a. Is the apple pie market perfectly competitive? Why or why not?
b. With this data, draw a graph of the linear demand curve for Grannyâs apple pies.
c. Find the price elasticity of demand at each of of the three prices.
Answer:
A. Apple Pie Market Not perfectly competitive
B. Demand Curve Equation : q = 8.84 - 0.16p
C. Price Elasticity of Demand : 0.8 , 1.25
Explanation:
A. The Apple pie market is not perfectly competitive because the perfectly competitive market has large no of buyers & sellers, the demand is perfectly inelastic (infinite demand at given constant prices). However in this market , apple pie demand (sales) are responding to price change , so its not perfectly competitive
B. Demand curve is the graphical representation of price, demand. The Demand curve function : q = a - bp ; where q = quantity, p = price, a = autonomous demand , b = represents price demand relationship & is negative because of negative price demand relationship (Law of Demand).
Putting q & p given values : 4 = a - 30b ; 5 = a - 24 b. Solving these two equations for a & b , we get : a = 8.84 , b = 0.16 . So, the demand curve equation becomes : q = 8.84 - 0.16p & plotting this equation , we get demand curve.
C. Price Elasticity of Demand is responsiveness of demand to price change. Formula : %change in demand/ %change in price = ∆Q /∆P X P/Q
P Q
4 30 (*)
5 24 (**)
4.5 27 (***)
Ped (*, **) = ∆Q /∆P X P/Q = (6 / 1) x (4/30) = 0.8
Ped (*, **) = (3 / 0.5) x (4/30) = 0.8
Ped (**, ***) = (3 / 0.5) x (5/24) = 1.25
Based on the information given, the apple pie market is not perfectly competitive.
A perfect competition simply occurs when the companies sell identical products and the market share doesn't influence the price. Since the market responds to price changes, it's not perfectly competitive.
In order to find the demand equation, the quantity demanded will be:
= A - 6P
When p = 5, the quantity demanded at 5 units will be:
= A - 6P
24 = A - 30
A = 24 + 30 = 54
The demand equation will be:
Qd = 54 - 6P
The price elasticity of demand when P = 5 will be:
= -6 × 5/24 = -1.25
When p = 4.50, the price elasticity of demand will be:
= -6 × 4.50/27 = -1
When p= 4, the price elasticity of demand will be:
= -6 × 4/30 = -0.8
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Which of the following actions is likely to have the highest initialcost in terms of its impact on other parts of the organization?
O Lay off a portion of your workforce and then try to motivate everyone who’s left to work harder. This option also means selecting future hires from a lower-skill labor pool and paying lower wages.
O Begin buying slightly lower-grade materials, including hardwood, aluminum, vinyl, and nylon.
O Replace existing equipment with newer, more efficient equipment. Although this option entails substantial up-front investment, you’re sure that you can more than make up the difference in lower production costs.
O Replace existing equipment with newer, more efficient equipment. Although this option entails substantial up-front investment, you’re sure that you can more than make up the difference in lower production costs.
Answer:
Replace existing equipment with newer, more efficient equipment. Although this option entails substantial up-front investment, you’re sure that you can more than make up the difference in lower production costs.
Explanation:
The action that is likely to have the highest initial cost in terms of its impact on other parts of the organization is to replace existing equipment with newer, more efficient equipment. Although this option entails substantial up-front investment, you’re sure that you can more than make up the difference in lower production costs. This because buying new equipment will require a big investment from the company at the beginning to cover its costs but this will later generate more productivity and lower production costs which will compensate the initial high cost.
The other options are not right because buying slightly lower-grade materials, including hardwood, aluminum, vinyl, and nylon can decrease the cost at the beginning but the company can have problems with the quality of the products which could be really costly. Also, lay off a portion of your workforce and then try to motivate everyone who’s left to work harder and this option also means selecting future hires from a lower-skill labor pool and paying lower wages will decrease labor costs at the beginning but can require a big investment later with the costs of the process to hire new people, compensations to the employees that were laid off and can also result on low quality job and productivity from lower-skill labor.
In 2020, the Merkel Company had revenues of $2,600,000 and costs of $2,100,000. During 2021, Merkel will be introducing a new product line that is expected to increase sales revenue by $260,000 and costs by $172,000. Assuming no changes are expected for the other products, the operating profits are expected to increase by:
Answer:
$88,000
Explanation:
We know that
The operating profit = Revenues - cost
= $2,600,000 - $2,100,000
= $500,000
If there is increase, so the operating profit would be
= Revenues - cost
where
Revenues = $2,600,000 + $260,000
= $2,860,000
Cost = $2,100,000 + $172,000
= $2,272,000
So, operating profit is
= $2,860,000 - $2,272,000
= $588,000
So, the increase in operating profit would be
= $588,000 - $500,000
= $88,000
Mines in Colombia produce emeralds and sell them to jewelers in the United States. To Colombia miners, emeralds are an export.True or false?
Answer:
True
Explanation:
Colombia miners sell emeralds to jewelers in the United States. This cross border trade is regarded as an export. Exports are goods and services produced in one country and sold in another country.
Mines in Colombia produce emeralds and sell them to jewelers in the United States, making emeralds an export for Colombia.
Explanation:True. Mines in Colombia produce emeralds and sell them to jewelers in the United States, making emeralds an export for Colombia.
Emeralds are an export for Colombian miners. They produce these emeralds and sell them to other countries, constituting an export in terms of international trade.
True, to Colombian miners, emeralds are indeed an export. Considering that Colombian mines produce emeralds and sell them to jewelers in other countries, like the United States, this act of selling goods to other countries is classified as exporting. As such, within the scope of international trade, emeralds are an export commodity for Colombia.
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Given the following information, would it be better for Illinois resident Salem Marcos to itemize her sales tax or her state income tax on her federal tax return?
Federal taxable income $52,100.00
Federal marginal income tax rate 25%
State taxable income $42,810.00
State income tax rate 3%
Total sales tax paid $1,375.80
Assume that Salem has sufficient itemized deductions to choose itemization method over the standard deduction.
Q1- It would be better for Illinois resident Salem Marcosto: (Select best answer below.)
A.Itemize state income tax.
B.No difference between the two.
C.Itemize sales tax.
Answer:
C.Itemize sales tax.
Explanation:
Salem Marcos state taxable income is $42,810.00
State income tax rate is 3%
State income tax = state taxable income * state income tax rate
=$42,810.00 * 3%
=$1,284.30
Total sales tax paid $1,375.80
It would be better to itemize sales tax paid as the amount is higher than state income tax.
Hope this helps!
Final answer:
Calculations show that C. itemizing sales tax would result in greater tax savings for Salem Marcos than itemizing state income tax on her federal tax return since the amount paid for sales tax ($1,375.80) is greater than the state income tax ($1,284.30).
Explanation:
When deciding whether it would be better for Illinois resident Salem Marcos to itemize her sales tax or her state income tax on her federal tax return, one must calculate which deduction provides the greater tax saving. Salem has a state taxable income of $42,810.00 and a state income tax rate of 3%, leading to a state income tax of $1,284.30. Conversely, the total sales tax paid is $1,375.80.
Illinois resident Salem Marcos would benefit more from itemizing her state income tax on her federal tax return based on the deductible expenses.Therefore, based on the numbers given, it would be better to itemize the sales tax, as it is a larger amount and would provide a greater deduction on her federal tax return, assuming Salem has met the criteria to choose itemization over the standard deduction.
You have a client who needs a QuickBooks Online solution that includes tracking for sales and sales tax.
Any subscription level, including QuickBooks Self-Employed
QuickBooks Online offers a solution for tracking sales and sales tax with various subscription levels. You can track sales using the sales receipt feature and calculate and record sales tax with built-in tools.
Explanation:QuickBooks Online Solution for Tracking Sales and Sales TaxQuickBooks Online offers a variety of subscription levels, including QuickBooks Self-Employed, that can meet the needs of your client. With QuickBooks Online, you can easily track sales and sales tax.
To track sales, you can use the sales receipt feature in QuickBooks Online. This allows you to record the details of each sale, such as the customer, item sold, quantity, and price. You can also generate reports to analyze your sales data.
For sales tax tracking, QuickBooks Online offers built-in tools to help you accurately calculate and record sales tax. You can set up sales tax rates based on your business location and apply them to each sales transaction. The system will automatically calculate the sales tax amount and generate reports to help you with your sales tax returns.
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What characteristics of the board of directors usually lead to effective corporate governance?
Answer and explanation:
Several characteristics could allow the Board of Directors to lead corporate governance effectively but the most important are making good decisions for the overall company, determination to impose the firm's objectives and having others set their mind to them, and dedication to be part of the organization's work towards reaching those goals.
Purchase investment in bonds for $115,000. Sell land costing $40,000 for only $31,000, resulting in a $9,000 loss on sale of land. Purchase $70,000 in equipment by issuing a $70,000 long-term note payable to the seller. No cash is exchanged in the transaction. Declare and pay a cash dividend of $30,000. Required Prepare the statement of cash flows using the indirect method.
Answer:
net cash flow 26,800
Explanation:
NOTE: missing information attached.
Operating
net income 104,000
removal of non-monetary terms
depreciation expense 37,000
loss on sale of land 9,000
adjusted net income 150,000
Changes in working capital:
Increase in AR (22,000)
Decrease in Inventory 40,000
Prepaid increase (7,200)
Decrease in AP (16,000)
decrease interest paayble (5,000)
increase in tax payable 1,000
net change in working capital (9,200)
net cash generated from operating 140,800
investing
sale of land 31,000
purchase of debt securities (115,000)
cash used in investing activities 84,000
financing
cash dividends (30,000)
cash used in financing activites 30,000
net cash flow 26,800
beginning cash 227,800
ending cash 254,600
To prepare the statement of cash flows using the indirect method, analyze the cash flows from operating, investing, and financing activities and make adjustments as necessary.
Explanation:To prepare the statement of cash flows using the indirect method, we need to analyze the cash flows from various activities. Here is a step-by-step approach:
Operating Activities: Start with net income and adjust for non-cash items (such as depreciation) and changes in working capital (such as accounts receivable and accounts payable).Investing Activities: Include the purchase and sale of investments like bonds, as well as the purchase or sale of property, plant, and equipment.Financing Activities: Include changes in long-term liabilities, such as issuing or repaying debt, and payments of dividends.Once you have calculated the cash flows from these activities, you can summarize them to prepare the statement of cash flows.
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A firm that must invest in new information systems capabilities in order to comply with federal legislation can be said to be investing to achieve which business objective?
Answer:
Survival
Explanation:
One of the main goals or objectives of a business today is to survive. Survival as a goal can be as a result of legislation or business and environmental demands.
Survival is the ability of an organisation to maintain its share of the maket, competitveness as well as its earning capacity.
Other organisational objectives include: Growth and diversification, stability, organisational efficiency, prestige and recognition.
For an organisation to survive, it must strive to be different, positively different and this will include compliance to legislation (as stated in the question), continous market (SWOT) analysis and execution of new plans. This strategies will require if the need be, investment in new equipment, assets or even the training and recruitment of worker.
The Dodd-Frank Act, enacted in the United States in the aftermath of the 2007-2009 financial crisis, includes provisions aimed at enhancing the coordination of various regulatory agencies. Which two core principles might best explain these reforms?
Answer:
Explanation:
These 2 core principles are:
Core Principle 3 - Information is the basis for decisions. In order to achieve better decision making, the flow of information among regulatory agencies should be improved by enabling coordination.
Core Principle 5 - Stability improves welfare. Improved coordination leads to Improved regulation. This should bring greater stability to the financial system and so improve welfare.
Paula considers herself to be a responsible person. She upholds moral and legal laws and conforms to the expectations of others. Paula is functioning at what level of moral development?
Answer:
The correct answer is: conventional.
Explanation:
Conventional moral development is the stage in which individuals accept moral laws conceived by society or by entities who rule them. At this stage, even if there is a reason for not following those regulations, individuals opt for keeping a sense of morality in the situation and stand for those rules.
Businesses that operate on the Web must comply with the same laws and regulations that govern the operations of all businesses.A. TrueB. False
Answer:
True
Explanation:
Businesses operating on the web are entities that do their business transactions with their customers through the internet. They have no geographical limitation as they can reach their customers and potential customers via the web.
All businesses, whether on the web or on a specific geographical location
have the same goal of operating with the aim of making profit. therefore, they must work within the same legal framework.
a profit, that their are expected to operate
Answer:
B. False
Explanation:
it is the answer on ed 2020
If an economy moves from a point on a production possibility frontier line to a point to the right of that production possibility frontier, what event might have occurred?
Explanation:
If an economy moves from a point on a production possibility frontier line to a point to the right of that production possibility frontier, there must have been a discovery of new technology that might expand production possibilities.
Moving to a point to the right of the production possibility frontier indicates an improvement in the economy's productive capacity.
Explanation:When an economy moves from a point on the production possibility frontier line to a point to the right of that frontier, it indicates an improvement in the economy's productive capacity or resources. This could be due to factors such as technological advancements, an increase in the quantity and quality of resources, or improvements in production efficiency.
For example, if a country invests in research and development to develop new technologies, it may be able to produce more goods and services with the same amount of resources, causing the production possibility frontier to shift to the right.
This event illustrates economic growth and the ability to produce more goods and services than before, which is generally a positive development for an economy.
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In order to defer deductions for manufacturing costs until the finished products are sold, Congress enacted rules specifying that the cost of raw materials, shipping costs, and any other indirect costs of manufacturing must be added to the cost of inventory. What are these rules called?
Answer:
Uniform cost capitalization rules
Explanation:
Uniform capitalization rules of the Internal Revenue Code Section 263A specifies certain cost of labor, material, other direct and indirect cost to be capitalized and reported as inventory cost. Under this rule, all cost incurred in producing an asset, whether direct cost or indirect cost must be capitalized. The rule is to address the differences in assessment between those that manufacture their assets and those that buy outright.
The opportunity cost of attending college is likely to be highest for a high school graduate Choose one: A who is very intelligent B. who can immediately take over the family business. C. who has access to student loans. O D. whose family is extremely wealthy
Answer:
B. who can immediately take over the family business
Explanation:
Option A is wrong because opportunity cost is not related to intelligence.
Option C is not correct because a high school graduate and a college attending student can access to student loans.
The family's wealth can not be a factor in terms of opportunity cost of attending college or a high school graduate. Therefore, option D is incorrect.
Option B is correct as a college attending student cannot take over the family business. So, it is his opportunity cost. On the other hand, a high school graduate can take over the business.
The highest opportunity cost of attending college is likely for a student who could immediately take over their family business, as they would give up the immediate financial and professional benefits of that opportunity.
Explanation:The opportunity cost of attending college is likely to be highest for a high school graduate who can immediately take over the family business. Opportunity cost refers to the potential benefits an individual misses out on when choosing one alternative over another. In this case, if the student decides to attend college, they would give up the immediate benefits of running the family business, which could potentially be substantial.
This scenario doesn’t necessarily mean that they shouldn’t attend college, but it does mean that their opportunity cost, or the value of what they are giving up, is likely to be higher than that of the other options. The intelligence of the student, access to student loans, or wealth of the family is not directly relevant to the opportunity cost in this context.
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What are the primary goals of financial management for not-for-profit health care organizations?
Explanation:
The main objectives of financial management in non-profit healthcare organizations is to plan the resources available so that there is the financial organization of debts and credits that is necessary for the institution to continue to fulfill its main commitments. For in a non-profit organization there is limited and variable income, although withdrawals occur frequently. That is why effective financial management is necessary, so that there is also a financial statement and transparency in the provision of services, so that the institution is recognized and reliable, which also guarantees an increase in the raising of external resources for the entry of capital that helps the survival of the institution.
Bitcoin fails to satisfy which two of the three functions of money? Question 3 options: A) medium of exchange and unit of account B) medium of exchange and store of value C) bitcoin satisfies all of the functions of money D) unit of account and store of value
Answer:
The correct answer is letter "D": unit of account and store of value.
Explanation:
Bitcoin is the first decentralized digital currency. It is also referred to as a virtual currency or a crypto-currency. Bitcoins are held in a digital wallet and can be sent over the internet. Bitcoin transactions are authorized using a digital signature. The transactions are verified usually within minutes by a network of miners. Once verified, the transaction is permanently stored on a public ledger known as The BlockChain.
Three are the functions of money: medium of exchange, store of value, and unit of account. In order to boost its use, a few merchants have started to accept Bitcoin as a medium of exchange but it still is not considered a unit of account since most items in the real world are valued in monetary terms. Also, it is not considered a store of value because, unlike money, Bitcoin cannot be saved in bank accounts earning interest. Bitcoins must be sold (at profit) to provide the holder revenues.
A digital coin that can be transferred without any control or bank is called Bitcoin. Bitcoins can be purchased with real currency and can be sent through networks.
It is computer-generated data that can be put in digital wallets.
The correct answer is:
Option D. unit of account and store of value.
The explanation for this is:
Bitcoin is an electric payment method whose transaction data can be cached as documentation on a computer.Currency transactions serve purposes like value, account and mode of trade.However, bitcoin does not fulfill the roles that money as a currency serves.Although many people have started using Bitcoin, it cannot be accepted as a primary currency style because in everyday life the articles are prized by money only.It cannot be deposited in banks to earn credit.Therefore the bitcoins fails to satisfy the functions as a unit of account and store of value.
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Rembrandt Paint Company had the following income statement items for the year ended December 31 ($ in 000s)
Net sales $ 18,000
Interest income 200
Interest expense 350
Cost of goods sold 10,500
Selling and administrative expenses 2,500
Restructuring costs 800
Loss from operations on plastics business $1,600,000
Gain on disposal of component's assets $2,000,000
Shares of common stock outstanding in 2016 500,000
Income tax rate 30%
Prepare a multiple stem income statement, including EPS disclosures.
Earnings per share= 6.60. Earnings Per Share (EPS) quantifies company profit distributed to each outstanding share, aiding investors in assessing profitability and growth.
Loss from operations of plastic business= -$1600
Add: gain on disposal of the components assets= $2000
income from operations of discontinued component=$400(in thousands)
Income statement for the year ended 31 December 2021
particulars
Amount($)
(in thousands, except eps)
Net sales 18000
cost of goods sold (10500)
gross profit 7500
operating expenses
Selling and administrative expenses (2500)
restructuring costs (800) (3300)
Operating income 4200
Interest income(expense){100-300} (200)
income from continuing operations before income tax
4000
income tax expense (1000)
income from continuing operations 3000
Discontinue operations:
income from operations of discontinued operations 400
income tax expense (100)
income from discontinued operations 300
Net income{ income from continuing + Income from Discontinued operations} 3,300
Earnings per share
income from continuing operations(3000000/500000) $6.00
income from discontinuing operations(300000/500000) $0.60
net income(3300000/500000) $6.60
Net income= $3300000
Earnings per share= 6.60
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Final answer:
The Rembrandt Paint Company's multi-step income statement includes various revenues and expenses to arrive at a Net Income of $3,815,000 for the year, with an Earnings Per Share of $7.63.
Explanation:
Rembrandt Paint Company Income Statement for the Year Ended December 31
(All figures in $1000s except EPS)
Net Sales: $18,000Interest Income: $200Interest Expense: ($350)Cost of Goods Sold: ($10,500)Selling and Administrative Expenses: ($2,500)Restructuring Costs: ($800)Loss from Operations on Plastics Business: ($1,600)Gain on Disposal of Component's Assets: $2,000Income Before Taxes: $5,450Income Tax Expense (30%): ($1,635)Net Income: $3,815Earnings Per Share (EPS): $7.63 (Net Income of $3,815,000 / 500,000 shares)
Suppose you had a large unpaid balance on your credit card and were paying a high rate of interest. You then received a one-time tax rebate from the government and decided to pay down the balance on your credit card. If there were many others like you in the economy, would the tax cut be an effective stimulus?
Answer:
The answer is NO.
Explanation:
The answer is NO since the tax cut does not equate or rather would not be an effective stimulus due to the fact that debt reduction would not stimulate or increase consumption.
To properly understand the narrative of the question and the answer herein, let us define what effective stimulus is.
Effective stimulus or as preferably known as An economic stimulus is the utilization of funds or design of that helps agitate growth during downtime or recession in a country. The decision makers of a country mostly utilize the tactics of giving rebates and increasing government expenses to name a few.
Now relating it back to the question, since the intention of the rebate is to ease payment on tax does not equate to increase in consumption, the answer is a NO.
The following information relates to the manufacturing operations of the IMH Publishing Corporation for the year:Beginning EndingRaw materials inventory $ 47,000 $ 50,000Finished goods 58,000 50,000The raw materials used in manufacturing during the year totaled $108,000. Raw materials purchased during the year amount to:_________.
Answer:
Raw materials purchased = $111,000
Explanation:
given data
Beginning Ending
Raw materials inventory $47,000 $50,000
Finished goods 58,000 50,000
raw materials use manufacturing = $108,000
solution
we get here Raw materials purchased that is express as
Raw materials purchased + beginning raw material = ending Raw materials + Raw materials used ...................1
put here value and we get
Raw materials purchased = $50,000 + $108,000 - $47,000
Raw materials purchased = $111,000
A 12-year, 5 percent coupon bond pays interest annually. The bond has a face value of $1,000. What is the percentage change in the price of this bond if the market yield rises to 6 percent from the current level of 5.5 percent?
Answer:
Percentage change in price = 1.54%
Explanation:
The price of a bond is the present value (PV) of its interest payments and redemption value.
Note that interest payment = Coupon (%) × Face value
The coupon rate is 12% in this question
The redemption value is the amount payable upon maturity of the bond. Here, it is the face value.
So we discount these cash flows- interest payments and face value
Price of the bond at a yield of 6%
Interest rate payment = 6% × 1000 = 60
PV of interest payments = (1 - (1+r)^(-n))/r
r = yield, n = number of years
PV of interest:
60 × (1 - (1+0.06)^(-12))/0.06
= 60 × 8.3838
=$530.30
PV of redemption value = 1000 × (1+0.06)^(-12)
= 496.96
Price of Bond = 530.30 + 496.96 = $1027.26
Price of bond when yield is 5.5%
= 60 × (1 - (1+0.055)^(-12))/0.055
= 60 × 8.6185
=$517.11
PV of redemption value = 1000 × (1+0.055)^(-12)
= 525.98
Price of Bond = 517.11+ 525,98 = $1043.09
Percentage change in price =
=( (1043.09-1027.26)/1027.26) × 100
= 1.54%