Answer:
B. negative, positive
Explanation:
Substitution effect : Price rise of a good makes it relatively expensive, decreases its demand. Price fall of a good makes it relatively cheap, increases its demand.
So: Substitution Effect is always negative as per above explanation.
Income Effect : Price rise of a good decreases real income/ real purchasing power of consumer & reduces demand of all goods. Price fall increases real purchasing power & increases demand of all goods.
Income effect is positive in case of Normal Goods, normal good demand is positively related to income. The effect is negative in case of inferior goods, inferior good demand is negatively related to income.
Hence: Price rise of rice - Substitution effect results in negative change in rice consumption. {∵substitution effect always negative}
Income Effect leads to positive change in rice consumption {∵price rise reduces real income & income effect is negative for inferior goods}
Answer:
Suppose the price of rice increases and you view rice as an inferior good. The substitution effect results in a ________ change in rice consumption, and the income effect leads to a ________ change in rice consumption.
B. negative, positive
Explanation:
The substitution effect in economics represents the relation between the prince change in a product with the consumption rate. So, in our case, it would result in a negative effect if it is considered as an inferior good. while the income effect is the concept that explains the consumption change thanks to the acquisitive power available for the consumer. Resulting in a positive change in rice consumption due to the lower price of rice.
In which of the following phases of the new products process is the first full test-of-fit with manufacturing made? The launch phase The opportunity identification phase The concept generation phase The development phase
Answer:
The development phase
Explanation:
Every product goes through different phases till is manufactured and available for sale. Among these phases are identification phase, concept generation phase, development phase, launch phase, etc.
All of these phases have specific process that happen within them but for the purpose of this question, let's stick to the development phase.
The development phase of a product is the phase in which the product is designed and manufactured. The development starts with the manufacturing of a prototype and then it is tested for performance, etc The testing could be in the market or in a created environment, etc.
The results of this test is then put into consideration and its effect is taken into account. This helps to determine if the product should be redesigned or should have some parts of it removed or added, etc and ultimately decide whether to start full scale production of the product.
I hope this helps.
The following information pertains to Grey Co. on December 31, 17: Checkbook balance $12,000 Bank statement balance 16,000 Check drawn on Grey's account, payable to a vendor, dated and recorded 12/31/17 but not mailed until 1/10/18 1,800 On Grey's December 31, 17 balance sheet, what amount should be reported as cash?
Answer:
$13,800
Explanation:
Given that
Checkbook balance = $12,000
Bank statement balance = $16,000
Payable made to vendor = $1,800 but not mailed
So, the amount that is to be reported as a cash balance is shown below:
= Checkbook balance + Payable made to the vendor
= $12,000 + $1,800
= $13,800
As we have to find out the cash balance so we ignored the bank statement balance
Suppose the government requires each firm to reduce sulfur dioxide emissions by an equal amount such that total emissions are reduced by 7.0 million tons per year. Is this approach necessarily economically efficient? This command-and-control approach is efficient because reducing sulfur dioxide pollution by 7.0 million tons per year is where the marginal cost and marginal benefit of pollution reduction are equal. is efficient because each firm is reducing pollution by the same amount. is not efficient because some firms may still be generating pollution. is not efficient because firms can have different costs of reducing pollution. is efficient because it does not require the government to know the firms' cost of reducing pollution.
Answer:
is not efficient because firms can have different costs of reducing pollution.
Explanation:
Economic efficiency is the way a business maximises the use of factors of production (land, labor, capital) to produce output at a reduced cost. Efficiency aims to improve output and reduce cost to the barest minimum.
In this instance to individual cost required to reduce sulfur dioxide emissions is not considered by the government.
Since reduction of sulfur dioxide is equal among firms, some smaller ones may incur cost that will financially impair them and put them out of business.
While bigger firms will easily bear the cost.
During the year you own Nike stock earn a dividend of 1.25 per share. You own 720 shares.How much did you earn in dividends? How did you arrive at your answer?
Answer:
900 shares
Explanation:
Given that
Dividend per share = 1.25
Number of shares owned = 720 shares
So, the earning made due to dividend would be
= Number of shares owned × Dividend per share
= 720 shares × 1.25 per share
= 900 shares
We simply multiplied the number of shares with the dividend per share so that the correct value could come
When Kendra's manager asked the team to come up with new ideas for attracting people to their trade show booth, Kendra suggested installing a video game in the booth. Which part of the rational decision making process does Kendra's idea exemplify?
a. Implement the solution.
b. Identify the problem.
c. Evaluate alternatives.
d. Think up alternative solutions.
Think up alternative solutions can be exemplified by Kendra.
Explanation:A multiple step process of making some important decisions based oin the evaluation of many alternatives refers to the rational decision making process. This process involves choosing an alternative based on the logic, analysis and the objectivity.
There will be many alternatives for a problem and choosing a best one after a deep analysis of all the alternatives is the important thing that is considered by a rational decision making process. In the example given, many ideas are invited by the manager of Kendra and the idea of Kendra that must exemplified should be thinking about the alternative solutions as they can be evaluated and best one can be selected from it.
a. A detailed record of all increases and decreases that have occurred in a particular asset, liability, or equity during a period
b. The record holding all the accounts of a business, the changes in those accounts, and their balances
c. A journal entry that is characterized by having multiple debits and/or multiple credits
d. A record of transactions in date order
e. Left side of a T-account
f. Side of an account where increases are recorded
g. Transferring amounts from the journal to the ledger
h. Right side of a T-account
i. A list of all accounts with their balances at a point in time
j. A list of all accounts with their account numbers
Answer and Explanation:
Account
In commerce, an account is a record that has a list and store business transactions.
Ledger
ledger is a document that includes records in which the recorded and compiled information material is recorded as debits and credits.
Compound Journal Entry
A compound journal entry is a financial reporting entry that contains more than one debit and one credit.
Journal
The location where journal entries are registered before they are added to the ledger accounts.
Debit side
A debit is a left-hand entry of a dual-entry bookkeeping scheme that reflects the increase of an asset or cost or a decrease in debt.
Normal balance
It is part of the book-keeping procedure for double entries. Each account has the balance either of credit or debit. To order to increase the amount of an account with a credit balance, one would be crediting the account.
Posting
Posting is the process of transferring debit and credit balances to their respective ledgers.
The right side of the t-chart
The credit side is always the right-hand side of the T account
Trial balance
A trial balance is a collection of all the ledger accounts included in a company's ledger of accounts
Chart of accounts
it is a generated collection of the accounts that a company uses to describe each type of items that pay or receive money or its relative for.
The subject of this question is Business, and it relates to accounting and bookkeeping terms. The student is asking for definitions, and the answer provides explanations and examples for terms such as ledger, compound entry, journal, T-account, posting, trial balance, and chart of accounts.
Explanation:The subject of this question is Business. The student is asking for definitions related to accounting and bookkeeping. Let's define each term:
A detailed record of all increases and decreases that have occurred in a particular asset, liability, or equity during a period is called a ledger.The record holding all the accounts of a business, the changes in those accounts, and their balances is also referred to as a ledger.A journal entry that is characterized by having multiple debits and/or multiple credits is known as a compound entry.A record of transactions in date order is called a journal.The left side of a T-account is called the debit side.The side of an account where increases are recorded is referred to as the credit side.Transferring amounts from the journal to the ledger is known as posting.The right side of a T-account is called the credit side.A list of all accounts with their balances at a point in time is called a trial balance.A list of all accounts with their account numbers is referred to as a chart of accounts.Learn more about Accounting and Bookkeeping here:https://brainly.com/question/31628212
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Amanda, the sales manager at an e-commerce fashion site, decides the annual, monthly, and weekly targets of all the salespersons in the company. She sets these targets in such a way that the salespersons work toward achieving the organizational goals. In this scenario, which of the following management functions is best illustrated in Amanda's work?
A) Organizing.
B) Controlling.
C) Leading.
D) Planning.
Answer:
n this scenario, which of the following management functions is best illustrated in Amanda's work?
D) Planning.
Explanation:
Planning
Planning can be defined as the act of formulating strategies to achieve a goal. Managers often use planning to lay out procedure that are to be followed in order to attain a certain goal. It involves the decisions on how to achieve set goals beforehand. It is a way that involves the consideration of future events and making a decision in advance on how to go about the specific future events. Planning has the following features;
1. Serves as a major managerial functions. Before performing other managerial functions like controlling, organizing and leading, a plan has to be set out to determine the best way of performing them. Thus planning serves as the foundation on for other managerial functions.
2. Goal oriented
A plan always stipulates the organizations goals. The plan has to be in line with the achievement of the goals, thus it helps drive the organization in a direction where there is high possibility of the fulfillment of the goals.
You go to an all-you-can-eat buffet. Once you pay the price to enter the buffet, you can fill your plate as much as you want at no additional cost. If you maximize utility, the marginal utility of the last bite that you eat will be _______
Answer:
Zero
Explanation:
Marginal utility refers to the extra satisfaction derived, which is expressed in utils, when an additional unit of a commodity is consumed.
Total utility reaches it's maximum point when marginal utility is zero. As total utility begins to fall, the marginal utility becomes negative.
Alfred Marshall cited the law of diminishing marginal utility, which states, as more and more units of a commodity are consumed, the successive utility derived must fall.
In the given case, if utility is maximized, the marginal utility derived from the last bite eaten would be zero.
Which of the following statementsis CORRECT?a.While the distinctions are becoming blurred, investment banks generally specialize in lending money, whereas commercial banks generally help companies raise capital from other parties.b.The NYSE operates as an auction market, whereasNasdaq is an example of a dealer market.c.Money market mutual funds usually invest theirmoney in a well-diversified portfolio of liquid common stocks.d.Money markets are markets for long-term debtand common stocks.e.A liquid security is a security whose valueis derived from the price of some other "underlying" asset.
Answer:
b.The NYSE operates as an auction market, whereas Nasdaq is an example of a dealer market.
Explanation:
There are major types of market: auction market and dealer market.
Auction market is a type of market where the seller and buyers simultaneously trade the offer price and the bid price for security. The offer price represents the lowest price a seller want for security while the bid price represents the highest price a buyer intends to purchase. The matching of the two prices will make transaction work.
NYSE represents avenue for this type of security trading. It provides platform for buyer and seller to simultaneously trade once the bid price matches the offer price.
On the hand, dealer market is platform whereby many seller or buyers can relay the price at they want to sell or buy a security and any intending seller or buyer can come to the market sell or buy at that price. In a dealer market, there are multiple dealers involves in a trading a security and the market maker provides transparency and liquidity to ensure a smooth running of the market. Nasdaq is a potent example of a dealer market.
So option B is correct.
Other options are contradictory.
Information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision-making
a) true
b) false
Answer:
A. True
Explanation:
The term business intelligence refers to the plans, process through which the raw data is to be converted into meaningful information that became relevant for the ethical decision making so that the goals and the objectives of the company could be accomplished.
Data + Process = Information
Collection of information through internal and external parties would also help to analyze the trends, patterns for better decision making.
Therefore, the given statement is true.
At the center of consumer __________ is the purchase and use of a product, though this field of study also examines mental and social processes that come before and after these actions.
Answer: Behavior
Explanation:
The consumer behavior is the process of studying the various types of individual customers ideas about the products and the services for satisfying the actual requirement of the customers.
The consumer behavior plays an important role in recognizing the actual purpose of purchasing the products and also the purchasing behavior of customers.
According to the given question, the consumer behavior is basically refers to the thoughts of the customers that helps in examining the social and the mental process.
Therefore, Behavior is the correct answer.
In the 1950s, the economist Bela Balassa compared 28 manufacturing industries in the United States and Britain. In every one of the 28 industries, Balassa found that the United States had an absolute advantageLOADING.... In these circumstances, would there have been any gain to the United States from importing any of these products from Britain? Explain. A. Since the United States had an absolute advantage in all 28 industries, it also had a comparative advantage in each industry and would not have gained anything from importing any of these products from Britain. B. Even with an absolute advantage, the United States would have benefited from importing those products for which Britain had the same opportunity cost. C. Since the United States had an absolute advantage in all 28 industries, it had more bargaining power and would have gained from importing all of these products from Britain. D. Even with an absolute advantage, the United States would have benefited from importing those products for which Britain had a comparative advantage. E. Even with an absolute advantage, the United States would have benefited from importing those products that Britain could have produced at lower total cost.
Answer:
D) Even with an absolute advantage, the United States would have benefited from importing those products for which Britain had a comparative advantage.
Explanation:
The basis for foreign trade are comparative advantages, not absolute advantages. You must remember that in order for trade to be effective and long lasting, both sides must benefit from it, not just one side.
Resources are limited, and that applies to everyone, to every corporation and to every country. You might have an absolute advantage at producing everything, but your production possibilities frontier sets you a limit on what products or combination of products you can produce. Sometimes it might be beneficial to trade and receive some products that you could produce more efficiently, but their opportunity costs might be too high. Probably you can get them at lower costs from foreign suppliers and use those resources for producing something else.
Suppose at $10 the quantity demanded is 100. When the price falls to $8, the quantity demanded increases to 130. The price elasticity of demand (using the midpoint formula) between $10 and $8 is approximately:
Answer:
-$1.17
Explanation:
The computation of the price elasticity of demand using mid point formula is presented below:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of quantity demanded)
where,
Change in quantity demanded is
= Q2 - Q1
= 130 - 100
= 30
And, an average of quantity demanded is
= (130+ 100) ÷ 2
= 115
Change in price is
= P2 - P1
= $8 - $10
= -$2
And, the average of price is
= ($8+ $10) ÷ 2
= 9
So, after solving this, the price is -$1.17
A current asset is __________.a. the last asset purchased by a business. b. an asset which is currently being used to produce a product or service. c. usually found as a separate classification in the income statement. d. an asset that a company expects to convert to cash or use up within one year or the ope
Answer:
Right answer:
d. an asset that a company expects to convert to cash or use up within one year .
Explanation:
Current assests are expected to be sold , used, exhausted through the normal process of business operations. There´s an expectation that they can be converted to cash value over the next year period. They are short term assets for a company.
Paul Davis wants to deposit a lump sum of money today for a vacation that he plans to take to Asia after he graduates from Graduate School. Which formula should he use to determine the amount of money he will have available for his vacation?
Paul Davis should use the compound interest formula, A = P(1 + r/n)^(NT), to determine how much money he will have for his vacation. This formula allows for the calculation of the future value of an investment taking into account the initial deposit, interest rate, compounding frequency, and time.
Explanation:Paul Davis should use the compound interest formula to determine the amount of money he will have available for his vacation. The compound interest formula is A = P(1 + r/n)^(NT), where A represents the amount of money accumulated after n years, including interest, P is the principal amount (the initial amount of money), r is the annual interest rate (in decimal form), n is the number of times that interest is compounded per year, and t is the time the money is invested for in years.
For instance, if he deposits $10,000 with an annual interest rate of 5% compounded annually for 3 years, he can substitute these values into the formula like so: A = $10,000(1 + 0.05/1)^(1*3). Solving this will give him the amount of money he will have after 3 years.
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1. cosystems include hydrothermal vent communities in the deep ocean bottom.
2. Rocky shorelines that are home to sea stars, mussels, crabs, and anemones and experience fluctuating water levels are ecosystems.
3. ecosystems are being affected by the process of ocean acidification, which threatens their long-term existence.
4. Floating brown algae that provide food and shelter for a diversity of animals characterize ecosystems.
5. ecosystems occur where fresh water from rivers mixes with saltier marine waters to produce a highly productive ecosystem with varying salinity levels.
6. Salt-tolerant grasses and shrubs dominate ecosystems, which occur on the coast at temperate latitudes.
Ecosystems come in diverse forms, from extreme deep-sea vents to dynamic rocky shorelines, and they face various challenges, including ocean acidification. Understanding and protecting these ecosystems is crucial for preserving biodiversity and maintaining the health of our planet.
Ecosystems are complex, interconnected communities of organisms and their physical environments. The statements provided encompass various examples of ecosystems and the challenges they face:
1. Hydrothermal vent communities in the deep ocean bottom represent extreme ecosystems. These are characterized by high-pressure, high-temperature conditions and rely on chemosynthetic bacteria to convert minerals and chemicals into energy, forming the base of the food chain. These ecosystems are unique and support remarkable biodiversity.
2. Rocky shorelines are dynamic ecosystems that endure fluctuating water levels due to tides. They are home to a diverse array of species, including sea stars, mussels, crabs, and anemones. The constant changes in water levels create selective pressures that shape the adaptations of the organisms living there.
3. Ocean acidification is a serious threat to marine ecosystems. Increased atmospheric CO2 levels are causing the oceans to become more acidic, which can harm calcifying organisms like corals and shellfish. This disrupts the balance of marine ecosystems and affects the long-term survival of many species.
4. Floating brown algae play a crucial role in supporting marine ecosystems. They provide food and shelter for various animals, including fish and invertebrates. These kelp forests are vital for maintaining biodiversity in coastal areas.
5. Estuarine ecosystems occur at the interface of freshwater and saltwater, creating a unique environment with varying salinity levels. These ecosystems are highly productive and serve as nurseries for many marine species.
6. Salt-tolerant grasses and shrubs dominate coastal ecosystems in temperate latitudes. These ecosystems are vital for stabilizing coastlines, providing habitat for wildlife, and protecting against erosion.
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Ecosystems are a subject in biology that involve communities of organisms interacting with each other and their environment. They can occur in various locations and are affected by processes like ocean acidification. Floating brown algae and salt-tolerant grasses and shrubs are examples of organisms that can characterize ecosystems.
Explanation:Ecosystems are a subject in biology that refer to a community of organisms interacting with each other and their environment. They can be diverse and can range from hydrothermal vent communities in the deep ocean bottom to rocky shorelines, from freshwater-saltwater mixing zones to coastal areas dominated by salt-tolerant grasses and shrubs. Ocean acidification is a process that affects ecosystems, threatening their long-term existence. Floating brown algae can also characterize ecosystems by providing food and shelter for a variety of animals.
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The demand schedule for a good Group of answer choices
1. indicates the relationship between the price of the good and the price of other goods.
2. indicates the quantities of the good that people will buy at various prices.
3. illustrates the quantity producers will provide at alternative prices.
4. is determined primarily by the cost of producing the good.
Answer:
2. indicates the quantities of the good that people will buy at various prices.
Explanation:
Demand refers to an individual's willingness to buy a product in consideration for a price.
The law of demand states that more of a good is demanded at a lesser price and vice versa. When price of a good changes with other factors affecting demand remaining constant, the quantity demanded for that good changes which is termed as movement along the demand curve.
A demand schedule for a good represents the tabular relationship which shows the quantity demanded by customers at different price levels.
A demand schedule when represented graphically creates a downward sloping demand curve depicting inverse relationship between price of a good and it's quantity demanded.
A demand schedule indicates the quantities of a good people are willing to buy at different price levels. It's not primarily determined by the cost of producing the good or by the price of other goods. An example provided highlights the inverse relationship between price and demand.
Explanation:The demand schedule for a good Group from the given choices primarily indicates the quantities of the good that people are willing to buy at various prices. It doesn't primarily indicate the relationship between the costs of other goods, nor is it determined by the cost of producing the good itself. Instead, it shows a direct relationship between price and quantity. The higher the price, the less people are willing to purchase, and vice versa.
For instance, if the price of an apple is $1, maybe 100 people are willing to buy. But if the price rises to $2, the number of people willing to buy may decrease to 80. This is depicted by a demand schedule and the corresponding demand curve in economics.
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A study examined the employment benefits of getting a PhD degree.PhD degree. The researchers made inferences based on employment rate data collected for a sample of individuals who took graduate entrance examinations required for PhD program admission.PhD program admission. All those who took exam in any of four selected periods were mailed a questionnaire.Those who responded to thequestionnaire were then sent three follow dash up surveys. The final sample of 3 ,853,785 represents only those individuals who responded to all four surveys. (For example, about 6,000 took the exam on one occasion: of these, only about only about 700 responded to to all four surveys.)a. For this study, describe the population of interest.A.All people who have a PhD.All people who have a PhD.B.All 3 comma 785 people who responded to all four surveys.All 3,785 people who responded to all four surveys.C.All people who are employed.D.All those who took the exam during the selected time period.All those who took the exam during the selected time period.
Answer:
Option D
Explanation:
This is the group whom the researcher wants to know more about and to draw inference from.
You live in a community with many teenagers, and you work during the summer bagging groceries for a low hourly wage. How might living in a community with fewer teenagers looking for grocery bagging jobs affect your hourly wage?
A. Your wages would probably be lower because demand for baggers would be higher.
B. Your wages would probably be higher because the supply of baggers would be higher.
C. Your wages would probably be lower because the supply of baggers would be higher.
D. Your wages would probably be higher because demand for baggers would be higher.
Answer:
D. Your wages would probably be higher because demand for baggers would be higher.
Explanation:
If I live in a community with fewer teenagers looking for grocery bagging jobs, the supply of labour would be lower. This would lead to an excess of demand over supply, wages would rise as a result.
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Assume that apples cost $0.50 in 2002 and $1 in 2009, whereas oranges cost $1 in 2002 and $1.50 in 2009. If 4 apples were produced in 2002 and 5 in 2009, whereas 3 oranges were produced in 2002 and 5 in 2009, then the GDP deflator in 2009, using a base year of 2002, was approximately _________.
Answer:
The value of GDP deflator was 1.67.
Explanation:
GDP deflator measures the inflation or change in price level. It is measured by calculating the ratio of nominal GDP and real GDP.
Nominal GDP is based on current market prices, whereas real GDP is based on constant or base prices.
The price of apples in 2002 is $0.5 and quantity is 4.
The price of oranges in 2002 is $1 and quantity is 3.
The price of apples in 2009 is $1 and quantity is 5.
The price of oranges in 2009 is $1.50 and quantity is 5.
Nominal GDP in 2009
= [tex](\$1\times 5) + (\$1.50\times 5)[/tex]
= $5 + $7.5
= $12.5
Real GDP on 2002 prices
= [tex](\$ 0.5 \times 5) + (\$1 \times 5)[/tex]
= $2.5 + $5
= $7.5
GDP deflator
= [tex]\frac{Nominal/ GDP}{Real/ GDP}[/tex]
= [tex]\frac{\$12.5}{\$7.5}[/tex]
=1.67
The GDP deflator for 2009, using a base year of 2002, is approximately 133.33. This is calculated by dividing the nominal GDP by the real GDP for the year 2009 and then multiplying the result by 100.
Explanation:To calculate the GDP deflator for the year 2009, we firstly need to calculate the nominal GDP and the real GDP. Nominal GDP is the market value of all final goods and services produced in the current year using the current year's prices, whereas real GDP uses the base year's prices.
In this case:
For 2009, the nominal GDP would be: 5 apples * $1/apple + 5 oranges * $1.50/orange = $10. The real GDP for 2009, using 2002 prices would be: 5 apples * $0.50/apple + 5 oranges * $1/orange = $7.5.
The GDP deflator then is given by the relation Nominal GDP/Real GDP * 100. Hence, the GDP deflator for 2009 using the base year 2002 would be $10/$7.5 * 100 = 133.33 (approximately). The GDP deflator essentially reflects the overall increase in prices when compared to the base year.
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Vision Tech’s stock price is currently trading at $17 per share. The consensus among analysts is that the intrinsic value of Vision Tech’s stock is $27 per share. Is Vision Tech more or less likely to receive a hostile takeover bid?a. Less likely b. More likely
Answer:
b. More likely
Explanation:
Vision Tech's stock is currently being undertraded and investors will see this as an opportunity to take over the company at a cheaper cost ($17 per share) and make a profit at the higher intrinsic value ($27 per share).
Gaining $10 per share on Vision Tech is a very high return on prospective investor's funds. So it is more likely that a hostile takeover bid will be received by Vision Tech.
Which of these best describes the tax rates shown in the graph?
As income increases, the percentage of tax paid decreases.
As income increases, the percentage of tax paid increases.
For all income levels, the percentage of tax paid is about 20 percent.
For all income levels, the percentage of tax paid is less than 20 percent.
Answer:
As income increases, the percentage of tax paid increases.
Explanation:
Which of these best describes the tax rates shown in the graph?
As income increases, the percentage of tax paid decreases.
As income increases, the percentage of tax paid increases.
For all income levels, the percentage of tax paid is about 20 percent.
For all income levels, the percentage of tax paid is less than 20 percent.
Leonore's Luxury Leather Footwear Corp. conducted a SWOT analysis and determined that at least 57% of consumers would demand high-end footwear and their sales should increase by 18% in the next year. This vision of what could happen is known as a _____.
Answer: Forecast.
Explanation:
The predicted increase in sales of of the Leonore's Luxury Leather footware is an example of a forecast of future events. A forecast is an estimation of an event or trend that would possibly occur in the future.
In which case is velocity the highest?
a. the price level equals 4, the money supply equals 5,000, and output equals 20,000.
b. the price level equals 4, the money supply equals 20,000 and output equals 5,000.
c. the price level equals 2, the money supply equals 5,000, and output equals 20,000.
d. the price level equals 2, the money supply equals 20,000 and output equals 5,000
Answer:
a. the price level equals 4, the money supply equals 5,000, and output equals 20,000.
Explanation:
Velocity = (price × output) / money supply
A. (4 × 20,000) / 5000 = 16
B. (4 × 5000) / 20000 = 1
C. (2 × 20,000) / 5000 = 8
D. (2 × 5000) / 10000 = 0.5
The highest velocity is option A.
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Baxter Company's merchandise inventory at the start of 2014 was $85,000. The company purchased inventory during 2014 in the amount of $323,000, and its inventory at the end of the year was $102,000. What was Baxter's Cost of Goods Sold for 2014?
Answer:
$306,000
Explanation:
The formula and the computation of the cost of good sold is shown below:
Cost of goods sold = Opening balance of merchandise inventory + Purchase made - ending balance of merchandise inventory
= $85,000 + $323,000 - $102,000
= $306,000
Basically we have applied the above formula to find out the cost of goods sold
The difference between absorption costing net operating income and variable costing net operating income can be explained by the way these two methods account for ________. a. all overhead costs b. fixed overhead costs c. selling and administrative expenses d. variable overhead costs
Answer:
B) fixed overhead costs
Explanation:
Variable and fixed costs are considered the same for absorption costing net operating income, no difference is made between each type of cost.
On the other hand, variable costing net operating income does separate variable and fixed costs, that is why this system is more appropriate for cost-volume profit analysis.
An investment advisor has decided to purchase gold, real estate, stocks, and bonds in equal amounts. This decision reflects which part of the investment process? 1. Asset allocation 2. Investment analysis 3. Portfolio analysis 4. Security selection
Answer:
1. Asset allocation
Explanation:
By allocating assets the investment advisor has found a way to balance risk and reward for its investors by considering their risk tolerance, goals and objectives towards the investments and the investment time frame with which the investors are to recieve their Return on Investment (ROI) or also called Profit.
Athena Company's salaried employees earn two weeks of vacation per year. It pays $858,000 in total employee salaries for 52 weeks but its employees work only 50. Record Athena Company's weekly journal entry to record the vacation expense:a. Debit Vacation Benefits Expense $16.500: credit Vacation Benefits Payable $16,500 b. Debit Vacation Benefits Expense $17,160, credit Vacation Benefits Payable $17,160c. Debit Vacation Benefits Expense $17.875: credit Vacation Benefits Payable $17,875 d. None of the above
Answer:
a. Debit Vacation Benefits Expense $16.500: credit Vacation Benefits Payable $16,500
Explanation:
858,000 wages per year / 52 weeks per year = 16,500 per week
The weekly wages for our employees are 16,500 dollars
For each of the two weeks of vacations we will do an adjusting entry by this amount.
When the _____ value of debt is the same as its face value, it is said to be selling at _____ value.
Answer:
When the market value of debt is the same as its face value, it is said to be selling at par value.
Explanation:
Face value and par value is same. When market price of the bond is same as the face value of the bond it is said that this debt is trading on its par value. Par or face value is the value on which bond is initially issued and the value mentioned on the face of the bond. So, When the market value of debt is the same as its face value, it is said to be selling at par value.
On July 1, 2018, Nall Co. issued 2,500 shares of its $10 par common stock and 5,000 shares of its $10 par convertible preferred stock for a lump sum of $140,000. At this date Nall's common stock was selling for $24 per share and the convertible preferred stock for $18 per share. The amount of the proceeds allocated to Nall's preferred stock should be __________.a. $70,000.
b. $84,000.
c. $90,000.
d. $77,000.
Answer:
B) $84,000.
Explanation:
2,500 common stock x $24 market price per stock = $60,000
5,000 preferred stock x $18 market price per stock = $90,000
total market price = $150,000
since only $140,000 was received, the stock price must be adjusted by $140,000 / $150,000 = 93.33%
common stock = $60,000 x 93.33% = $56,000preferred stock = $90,000 x 93.33% = $84,000