Answer:
A) gross income includes wages, tips, bonuses, overtime pay and reimbursements. So Aurora had to include the $25,000 in her gross income in 2015.
B) Since Aurora had to pay 35% taxes on the complete 25,000, she can claim a deduction equivalent to 35% of $8,000 = $2,800. Therefore, Aurora's taxes will be reduced by $2,800 in 2016.
Individuals pay income taxes depending on their marginal tax rate, that is probably why the $25,000 raised Aurora's tax bracket to 35% from a lower tax bracket. So when she claims a deduction she must calculate it based on her marginal tax rate of the previous year (35%).
Final answer:
In 2015, Aurora is required to include the full bonus of $25,000 as income, and in 2016, she can claim a deduction of $8,000. The reduction in taxes for 2016 as a result of the deduction is $1,200.
Explanation:
To calculate the tax implications for Aurora related to the bonus refund, we must consider the corresponding tax brackets for 2015 and 2016.
2015 Tax Implications
Aurora's income inclusion for 2015 is the full amount of the bonus, which is $25,000. Since she's in the 35% tax bracket for that year, the tax on the bonus would be 35% of $25,000, which equals $8,750.
2016 Tax Implications
In 2016, when Aurora has to refund $8,000 of her bonus, she can claim this as a deduction. Aurora's new tax bracket is 15%. The tax reduction is 15% of the $8,000 deduction, calculating to $1,200.
Physical capital is the: a. productive knowledge and skills that workers acquire through education, training, and experience. b. stock of tools, including machines, structures, and equipment, used to produce output. c. knowledge about how the world works that is used to produce goods and services. d. financial resources available to business owners.
Answer:
b. stock of tools, including machines, structures, and equipment, used to produce output.
Explanation:
Physical capital -
It is one of the 3 main factors of production , which are tangible , man - made goods , which helps for the production of the goods and services , is referred to as the physical capital .
It consists of the tools , machinery , equipments etc . that are needed to prepare the goods and services .
Hence , from the given information of the question ,
The correct option ia b.
At the end of the year, the unadjusted balance in the Allowance for Uncollectible Accounts is $951 credit and Accounts Receivable $97,250 debit balance. What is the amount should be debited to Bad Debt Expense, assuming 6% of outstanding accounts receivable at the end of the year is uncollectable?
Answer:
The correct answer is $4,884.
Explanation:
According to the scenario, the given data are as follows:
Account Receivable ( debit) = $97,250
Uncollectable accounts (credit) = $951
Uncollectable percentage = 6%
So, the amount of bad debt can be calculated using the following formula:
Firstly, we calculate the amount that will be uncollectable at the end of the year:
= Account Receivable ( debit) × uncollectable percentage
= $97,250 × 6%
= $5,835
As uncollectable accounts have the credit of $951, then
= $5,835 - $951
= $4,884
Hence, the amount should be debited to Bad Debt Expense is $4,884
To find the amount to debit to Bad Debt Expense, calculate 6% of the Accounts Receivable and adjust the existing allowance balance. The resulting debit is the difference between the desired allowance balance and the existing balance.
Explanation:To calculate the amount to be debited to Bad Debt Expense, we need to determine the desired balance in the Allowance for Uncollectible Accounts and then adjust the existing balance to match that figure. With 6% of the Accounts Receivable being deemed uncollectible, we first calculate 6% of $97,250 (the total Accounts Receivable) which gives us an amount of $5,835 (0.06 × $97,250). Since the current credit balance in the Allowance for Uncollectible Accounts is $951, we subtract this from the calculated amount of $5,835. The result is $4,884 ($5,835 - $951) which is the amount that should be debited to Bad Debt Expense.
The owners of Speed-EZ, a new bike messenger service, are concerned about how they will manage their messengers once the messengers have left the office. This is a business problem that falls into the:a. management dimensionb. technology dimensionc. people dimensiond. organizational dimension
Answer:
Correct option is (c)
Explanation:
There are three categories of business problems, namely, organizational, technological and people.
People or human resources is one of the key resources in an organizational especially those organizations that require their people to deal with customers directly. Issues related with people could be inadequate training, poor motivational factors and ineffective evaluation of performances.
Speed EZ provides bike messenger service and they are are concerned about how to manage and control messengers once they leave the company premises. This falls under business problem related to people.
If a taxpayer takes a trip within the United States which is primarily for business, the cost of travel to and from the destination need not be prorated between the business and personal portion of the trip.True / False.
Answer:
The statement is true
Explanation:
Business expenses are deductible to the extent that they are incurred outside the tax home. Expenses related to business purpose are deductible. For example, meals and lodging expenses. Personal expenses are not deductible.
However, for cost incurred on travel to and from destination within tax home is considered business expenses and is not required to be prorated between business and personal expenses. IRS keeps a close eye on any business travel outside tax home as in this case expenses need to be prorated between business and personal use.
You've been tasked with marketing a new line of plumbing services, but you have a set budget you can't exceed. Why is Google Ads a viable option? a. Google Ads allows you to cap the number of ads you pay for, based on your business. b. Google Ads offers separate auctions for low budgets. c. Google Ads guarantees phone calls to your business. d. Google Ads gives you control over your budget.
Answer:
d. Google Ads gives you control over your budget.
Explanation:
As the services work with daily budget the company can chose every day to change the amount of advertizement into the campain Making more ads at lauch and then decreasing overe the following days.
This is not posible in other methods as the radio fee or TV fee are purchase per broadcast or per month thus, the company either pays the fee or the product doesn't get the add.
On gogle add the company decide the amount. Which clearly is a better deal for small and medium firm and even larger firm as well.
G o o gle Ads presents a viable option for marketing a new line of plumbing services within a set budget due to its unique features. Option D is correct.
How to explainThe correct answer is d. G o o gle Ads provides precise control over your budget, allowing you to set spending limits that align with your financial capacity.
This flexibility enables you to manage costs effectively while reaching potential customers through targeted ads. Unlike guaranteed phone calls (c) or separate auctions for low budgets (b), G o o g le Ads empowers businesses by allowing them to cap expenses, ensuring efficient allocation of resources and maximizing the impact of advertising efforts within the defined budget constraints.
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Suppose the civilian non-institutional population equals 250,000; there are 132,500 employed persons and 10,000 unemployed persons. How many people are not in the labor force?
Answer:
107,500
Explanation:
The civilian non-institutional population can be divided into two groups;
1)Individuals in the labor force
11) Those not in the labor force
Those in the labor force will include the employed and the unemployed.
In the scenario, those in the labor force will be 132,500 employed persons and 10,000 unemployed persons.
I.e., 132,500 + 10,000 = $42,500
Those not in the labor force will be the population - those in the labor force.
I.e., 250,000-142,500= 107,500
Those not in the labor force will be 107,500
Felix Corp. is a cookware manufacturer. It conducts market testing for a new appliance. JK Corp., a competitor of Felix, reduces its prices during the market test to prevent Felix from collecting accurate information. In this scenario, JK Corp. is engaging in a practice called _____.
A. scaling
B. pretesting
C. clustering
D. jamming
E. positioning
Answer:
This practice is called JAMMING.The answer is D.
Explanation:
Your professor loves her work, teaching economics. She has been offered other positions in the corporate world that would increase her income by 25 percent, but she has decided to continue working as a professor. Her decision would not change unless
a. the marginal benefit of a corporate job decreased.
b. cost of a corporate job increased.
c. the cost of teaching increased.
d. the benefit of teaching increased.
Answer:
c. the cost of teaching increased.
Explanation:
The increase in marginal cost of teaching will decrease overall benefits for her. And when the cost become so high that it is better to have corporate job, she will leave teaching.
Answer:
c. the cost of teaching increased.
Explanation:
If the marginal benefit of the corporta job decrease, then is less attractive to change job.
if the cost of corporate job increase, there is less gain thus, less attractive to move to this kind of job.
Last, if the benefit of teaching increased; with more reasons now, he professor will continue with their teaching activity.
From the given options: Only if the cost of teaching increase enought it may reconsider changing job.
Ruben, the owner of Fitstem, a popular gym, analyzes the competition that the gym faces and understands the changing needs of its customers. To tackle competition, he tries to get all the latest equipment installed in the gym. He also takes frequent feedback related to service improvement from the gym's regular clients. In this scenario, which of the followings skills is Ruben most likely to possess?
Answer:
Conceptual skills
Explanation:
Conceptual skills is the term which is defined as the skill set that comprise of the communication skills, analytical and creative thinking. These skills are specifically vital for the managers as well as the leaders.
Under this situation, the owner analyze the competition which the gym faces and understands the needs of the customers. He also take the feedback as well. So, he is most likely possess the conceptual skills as he knows what is to be done in that situation.
As one of the top managers at DropLabs, Henry ensures that all his employees are given the right to speak freely with their managers and higher-ups to voice their concerns. He also ensures that employees are not monitored on days they are not at work. Henry believes that employees are most productive when they are allowed to choose the projects they want to work on, provided they have the skill set and the experience to perform the job. In the context of the various ethical decision-making approaches, Henry's beliefs and actions are consistent with those asserted by the:
Answer:
The Common Good Ethics Approach.
Explanation:
It is been argued that the best society is been guided by the people's general will.This was postulated by a French philosopher by name Jean Jacques Rousseau who lived in the year 1712 to 1778.
This approach to Ethics empathizes respect and compassion for others,most especially those vulnerable.
The employers ability to voice out their grievances,suggestions and contributions to the daily running of the organisation coupled alongside the mangers compassion and respect for all individuals confirms to my first statement which says 'The best society is been guided by the people's will ' and that supports the common good Approach.
Answer:
moral-rights approach.
Explanation:
The moral rights approach states that in order for management actions and decisions to be ethical, they must not coerce or interfere with the fundamental rights and liberties of their employees, e.g. right to express your ideas, right to privacy, right to be treated equally, right to training, etc.
When Kirk and Elisa formed their general partnership, Kirk contributed 90 percent of the capital, and Elisa contributed 10 percent. In the partnership agreement, they did not specify the percentage of the profits each partner would receive. In the first year of their partnership, they earned $35,000 in profits. Elisa's share of the profits is ________.a. $3,500.
b. $10,000.
c. $17,500.
d. $35,000.
Answer:
C. $17,500
Explanation:
Elise's share of the profit would be half the amount of profit earned. This is because in business, in an absent of an agreement, the partners share the profit and losses equally. The emphasis here is placed on the partners not specifying the percentages of profits to be received by each partner in the agreement.
In a situation where the partner who contributed more to the business wants to earn just as much from the profit, he or she must put in place AN AGREEMENT stating the percentages of profit each of the partner would receive.
Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most balanced picture of how prices fluctuate in the economy. Two of the most commonly used price indexes are the consumer price index (CPI) and the GDP deflator.
The GDP deflator for this year is calculated by dividing the 1) ________ (A) Value of all goods and services produced in the economy in the base year (B) Value of all goods and services produced in the economy this year (C) cost of a given market basket of goods and services using 2) ______ (A) the base year's prices (B) this year's prices by the 3) ________ A) Value of all goods and services produced in the economy in the base year (B) Value of all goods and services produced in the economy this year (C) cost of a given market basket of goods and services using 4) ______ (A) the base year's prices (B) this year's prices
the CPI reflects only the prices of all goods and services 5) _______ (A) produced domestically (B)bought by consumers
Which does an increase in the price of a Chinese-made car that is popular among U.S. consumers show up in?
(a) GDP Deflator
(b) CPI
Which does a decrease in the price of a Treewood Equipment feller buncher, which is a commercial forestry machine that cuts and stacks trees show up in?
(a) GDP Deflator
(b) CPI
Answer:
1) The GDP deflator for this year is calculated by dividing the - (B) Value of all goods and services produced in the economy this year - using - (B) this year's prices - by the - A) Value of all goods and services produced in the economy in the base year - using - (A) the base year's prices
To calculate the GDP deflator, we divide the nominal GDP for the selected year, by the Real GDP of the base year, and we multiply the result by one hundred.
2) The CPI reflects only the prices of all goods and services - (B)bought by consumers
The CPI is a measure of the change in price of a selected basket of goods and services, usually those goods and services that consumers buy the most, whether they are produced domestically or not.
3) Which does an increase in the price of a Chinese-made car that is popular among U.S. consumers show up in? - (b) CPI
As explained above, the CPI measures the price of goods and services that are commonly bought by consumers. It does not matter if the good is produced in the U.S. or China.
4) Which does a decrease in the price of a Treewood Equipment feller buncher, which is a commercial forestry machine that cuts and stacks trees show up in? - (a) GDP Deflator
It shows up in the GDP Deflator because the good is not a common good purchased by consumers. It is a good only consumed by those involved in the tree cutting business.
Lly wants to maximize her benefit of consuming apples and bananas, given her fixed budget of $10 for these two fruits. The price of an apple is $1, and the price of a banana is $0.50. In order to derive Lily's demand curve for bananas, we need to- O A. draw a downward sloping line with slope of -2 O B. sove the buyer's problem for her multiple times and ind the optimal number of bananas, when price of a bananasia a a ifferent lovel ach time O C. solve the buyer's problem for her once, and find the optimal number of bananas, when price of a bananas is $0.50 O D. draw a downward sloping line with slope of -1 rial Economics: Applications, Strategy, and Tactics PDF Free
Answer:
C. solve the buyer's problem for her multiple times and find the optimal number of bananas, when price of a bananas is at a different level each time
Explanation:
Sam, a citizen of Tennessee, files a suit in a Tennessee state court against United Sales Corporation, a Wyoming company that does business in Tennessee. The court has original jurisdiction, which means that
a. the case is being heard for the first time.
b. the court does not have concurrent jurisdiction.
c. the court has standing.
d. the court has venue.
Answer: .The correct answer is a). the case is being heard for the first time.
Explanation: A court has original jurisdiction over a case when a case is being heard for the first time.
This cases are heard directly without any intermediary or appellate review.
Answer: A. The case is being heard for the first time.
Explanation: when a court has original jurisdiction, according to common law systems, the e said court has the power to hear the case for the first time. It refers to the court which first hears the case. Having the authority to try a case, it is the court's authority to hear the claim/case in the first instance, rather than on appeal. This in contrast to appellate jurisdiction wherein a higher court hears and reviews the decision of a lower court.
Tech firms are among the best performing firms in the world. According to the chapter, which firm is the most valuable firm in the United States, and has also posted some of the most profitable quarters of any business in any industry.
A. Amazon
B. Apple
C. Google
D. IBM
Answer:
B, Apple
Explanation:
Apple is an American Tech company founded by the late Steve Jobs and two other partners in April 1976, with its headquarters in California. The company is popular for its mobile phones and tablet (iphone, ipads).
Over the years, Apple has gone on to expand its business frontiers by establishing Apple TV, Apple watch, Air pods, etc. Apple alongside other tech firms have competed to take the top spot in the Tech industry but Apple has always been above the pack.
The company has been the most valuable firm for a while now and has posted record earnings in profits than any other firm in other industries. It is registered on the Stock Exchange and enjoyed phenomenal rise in stock values.
Cheers.
Digital Analytics, Inc, considers the impact of its corporate decisions on various groups and often acts in the interest of a group that has a greater stake in a decision than Digital's shareholders. This approach is most likely to attract potential employees who are
a. investors focused on short-term profits.
b. older professionals.
c. information technology specialists.
d. recent college graduates.
Answer: (D) Recent college graduates
Explanation:
According to the given scenario, the digital analytics is basically considering the various types of corporate impacts and this approach is basically used to attract the employees potential for the recent graduates fro the college.
There are basically various types of factors that helps in making various types of decisions in an organization for the purpose of higher stake and it also acts in the form of interest of the groups.
It also helps in managing all the activities in a organization and the recent graduates have more enthusiasms and passion. Therefore, Option (D) is correct answer.
Car manufacturers have a large lead time on new products. If an idea for a feature on a vehicle is developed, it will likely be two years before consumers know about it and can decide if they want to buy it. Consumer trends are sometimes short lived as they are always evolving. Which external analysis element is a primary focus of car manufacturers?
a. Scanning
b. Monitoring
c. Forecasting
d. Assessing
Answer:
d. Assessing
Explanation:
External analysis refers to monitoring the environment of the industry to be able to identify opportunites and threats and take the necessary measures. This helps you to find out about events that may affect your company and that you can't control.
Scanning refers to gathering data about events.
Monitoring refers to observing an event over a period of time.
Forecasting is predicting changes in trends.
Assessing is evaluating the environment to find trends that can have consequences on your company.
According to this, the external analysis element that is a primary focus of car manufacturers is assessing because it allows them to find out about the trends in the market and make the right decisions to take advantage of them.
Tara works as a senior manager at TechWin Software Inc. As part of her improvement program, she asked her team members to state what they felt was a demerit in her leadership style. Nobody criticized her because they knew that she liked being praised by her peers and friends. In this scenario, the team members were engaged in _______.
Answer: Filtering
Explanation:
The filtering is one of the process that is used for eliminating the actual values and also manipulating the data or information for favoring the recipient.
In the filtering process we deliberately doing this for making more acceptable to other people and it is also known as the selective presentation.
According to the given question, the team members in an organization filtering their actual feelings and thoughts in front of their senior manager as they all know that the manager only likes the praising by the people.
Therefore, Filtering is the correct answer.
Final answer:
The team members likely engaged in impression management to avoid giving negative feedback to their manager, who preferred praise. This behavior could limit constructive criticism but aligns with providing positive feedback that managers often appreciate. Effective management requires a balance of both praise and constructive feedback.
Explanation:
The team members at TechWin Software Inc. not providing critical feedback about Tara's leadership style were likely engaged in impression management. This phenomenon occurs when individuals aim to influence the perceptions of others, in this case, by not criticizing a manager who favors praise. Instead of risking potential disapproval, they may choose to compliment the manager on work-related achievements, following Tara's actions. This approach aligns with the understanding that providing positive feedback and showing support is generally appreciated. However, this scenario did not encourage open and honest communication that could lead to constructive changes and improvement in her management style.
Applying the principles of management effectively involves a balance of positive and negative feedback to enhance team performance and personal development. In some organizations, members may feel more pressure from peer monitoring in a team-based environment, demonstrating the complexity of team dynamics and the need for skilled management. A similar balance should be maintained in recognizing efforts and achievements across the team, treating everyone equally regardless of background, and focusing on ideas rather than personal judgments when offering criticism.
Over the course of 50 years, Dexter grew his company to eight package shipping stores. With his retirement approaching and the increased competition, he decided to reduce the number of locations to three. Dexter's reduction of effort represents a
a. fixed plan.
b. defensive strategy.
c. merger approach.
d. stability strategy.
e. growth strategy.
Answer:
B. Defensive Strategy
Explanation:
One thing that is inevitable in business is competition. Dexter decided to use a defensive strategy for his business with his retirement coming in and competition becoming even stronger.
Defensive strategies are management techniques used to "fend off attacks" from competitors. It helps the decision maker hold on to shares of the market. Some companies do this to lower the risk of being attacked when they perceive attacks coming from competitors so in turn, those competitors can focus on other competitors in the market.
Consider the following three items of spending by the government:_____
(1) the federal government pays a $500 unemployment benefit to an unemployed person;
(2) the federal government makes a $2,000 salary payment to a Navy lieutenant;
(3) the city of Bozeman, Montana makes a $10,000 payment to ABC Lighting Company for street lights in
Bozeman. Which of these payments contributes directly to government purchases in the national income accounts?
a. only item (1)
b. only item (2)
c. only items (1) and (2)
d. only items (2) and (3)
Answer:
D) only items (2) and (3)
Explanation:
Unemployment benefit is a transfer payment, it does not generate any goods or services to the government, but it is a donation to the unemployed person or redistribution of income by the government, so it does not contribute anything to National Income Account.
Whilst salaries are paid to the employees in exchange of their skills utilized and service fee to ABC lighting is for productive services rendered by the business entity because they are paid for services or goods rendered or sold, or simply a productive activity being done.
So, both options 2 and 3 contribute directly into National Income Accounts because of their productive contribution to economy.
Which of the following fundamental archetypes of leadership is most likely to take risks and action in a crisis? a. The Visionary–Alchemist archetype b. The Teacher–Mentor archetype c. The Revolutionary–Crusader archetype d. The Warrior–Knight archetype
Answer:
The warrior-knight archetype
Explanation:
The idea of an archetype occurs Throughout fields relevant to actions, historical psychology philosophy, and literature research.
The Warrior-Knight stereotype applies to a ruler, who goes against the opponent and directs change, as per the basic leader archetypes.
warriors also posses great leadership qualities with great might.
The Revolutionary–Crusader archetype is the most likely to take risks and act decisively in a crisis situation due to their continual drive for change, embrace of new ideas, and willingness to challenge the status quo.
Explanation:Among the given options, the Revolutionary–Crusader archetype is the one most likely to take risks and action during a crisis. This type of leader is characterized by their continual drive for change and improvement, their embrace of new ideas, and their willingness to take on challenges head-on. They have the capability to change the course of an organization's trajectory, especially in crisis situations.
In contrast, the Visionary-Alchemist archetype emphasizes vision and long-term transformation, the Warrior-Knight archetype focuses on protection and service, and the Teacher-Mentor archetype promotes learning and development. While all these archetypes have valuable traits, it is the Revolutionary-Crusader who is most inclined to risk-taking and decisive action in a moment of crisis.
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A monthly water bill (in dollars) is a linear function of the amount of water the hose uses (in hundreds of cubic feet, HCF) the function uses the slope of 1.45
If the monthly cost for 17 HCF is $44.39, what is the monthly cost for 11 HCF ?
Answer:
The monthly cost for 11 HCF would be $ 35.69.
Explanation:
Consider the linear function that represents the amount of water ( in dollars ) for x HCF of used water,
y = mx + c
Where, m is the slope of the function,
We have, m = 1.45,
So, the function would be,
y = 1.45x + c
If y = $ 44.39 and x = 17,
This implies,
44.39 = 1.45(17) + c
44.39 = 24.65 + c
44.39 - 24.65 = c
19.74 = c
Thus, the required equation that shows the amount of water for x HCF of water is,
y = 1.45x + 19.74
For x = 11 HCF,
The amount of water for 11 HCF of water,
y = 1.45(11) + 19.74
y = 15.95 + 19.74
y = 35.69
Hence, the monthly cost for 11 HCF would be $ 35.69.
If a nation has a balance of payments deficit and exchange rates are flexible, the price or value of that nation's currency in the foreign exchange markets will rise. true or false
Answer:
False
Explanation:
A nation's currency strength is dependent on how much it's goods are in demand. If there is high demand for a countrie's goods it also follows that there will be high demand for its currency so it will be stronger.
When there is a balance of payment deficit a country is importing more and borrowing from other countries to buy imports. So it's currency will weaken.
Bottom trawling is a type of deep-sea fishing that involves dragging a large net along the bottom of the ocean, and it results in catching and killing many unintended species, some of which are endangered. Environmental advocates, concerned for these endangered marine species, have recommended that commercial fishers use a new set of nets, each designed specifically for the size and shape and pheromones (chemical attractors) of an individual marine species targeted by the commercial fishers. Environmentalists hope use of these new nets will protect the endangered marine species without interrupting commercial deep-sea fishing.
Which of the following, if true, most strongly supports the claim that use of the new nets will have the intended effects?
(A) The pheromones that would most attract the food species sought by commercial fishers indicate the presence of a dangerous threat to most of the endangered marine species.
(B) Some endangered marine species are particularly large, as large any species targeted by commercial deep-sea fishing.
(C) Most of the newly design nets are not significantly more expensive than a typical bottom trawling system.
(D) Catching unintended, endangered species adds nothing to the profits of a commercial deep-sea fishing company.
(E) Freshwater fishers often increase the odds of catching a desired fish, and avoid catching unintended species, by the specific design of the fishing hook.
Answer:
(A) The pheromones that would most attract the food species sought by commercial fishers indicate the presence of a dangerous threat to most of the endangered marine species.
Explanation:
The pheromones in the new nets will serve two purpose: attract target fish commercial fishers want, and at the same time releases and indicator that warns endangered species of a threat.
The result of this is commercial fishers will only catch their target fish, and endangered species will tend to go away from fishing areas because of the indicator warning them of danger.
Dividends received for equity securities in which the investor lacks the ability to participate in the decisions of the investee company are recorded with a debit to the Dividend Revenue account.A.TrueB.False
Answer:
False.
Explanation:
When the investor does not have decision- making power in the business, his dividend payment process is not different from any other shareholder.
When profits are declared the company debits Retained Earnings (profits) for the divedend amount, and credited to Dividends Payable.
Dividend Payable is then debitted and Cash will be credited to show money has gone out.
A company wants to decrease their energy use by 14%. If their electric bill is currently $2,800 a month, what will their bill be if they are successful? Give your answer accurate to at least the nearest dollar.
Answer:
$2,408
Explanation:
The computation is shown below:
Data provided in the question
Decreasing percentage = 14%
Current electricity bill for a month = $2,800
So, the value of the bill in case of the successful is
= Current electricity bill for a month - Current electricity bill for a month × Decreasing percentage
= $2,800 - $2,800 × 14%
= $2,800 - $392
= $2,408
Bobby is speaking to his friend and says, "this musical is going to cost me $60 when I buy the ticket." His friend corrects him and says, "actually, this concert will cost you more than $60 since you have to miss work." His friend is referring to the _________________.
Select the correct answer below:
a)economies of scale
b)budget constraint
c)opportunity cost
d)opportunity set
Answer:
c)opportunity cost
Explanation:
As Bobby is missing the job, it has to add up to the ticket cost the amount of labor wages lost during the concert and going bach and forth from his workplace.
That's because if Bobby didn't attend the concert it may have worked therefore, it will end with more han 60 dollars in his pocket.
The difinition for opportunity cost is the best alternative rejected. In this case is the wages against going to the musical
Assume that strawberries cost $1 and apples cost $2. If a consumer has $16, the bundle of goods that would maximize his utility per dollar and remain within his budget would be:________
a. 6 strawberries and 5 apples.
b. 2 strawberries and 3 apples.
c. 6 strawberries and 1 apples.
d. 0 strawberries and 4 apples.
Answer:
a. 6 strawberries and 5 apples.
Explanation:
$16 = 1s + 2a
Where s = strawberry and a = Apple
The above equation represents a budget constraint.
The bundle that would maximise utility:
$16 = 1(6) + 2(5)
16 = 6 + 10
I hope my answer helps you
Answer:
A) 6 strawberries and 5 apples.
Explanation:
If you have $16, your consumption possibilities frontier would be 8 apples or 16 strawberries, but other possible combinations include:
apples strawberries
8 0
7 2
6 4
5 6
4 8
3 10
2 12
1 14
0 16
Any of the above combinations should maximize the consumer's utility and remain within his budget.
Mary Nabholz travels the same way to work every day. She notices advertisements in store windows when the ads first go up. However, after a few days, Mary no longer pays any attention to these ads because they have become familiar. Which of the following is affecting Mary's response to the ads?
a. perceptual vigilance
b. perceptual defense
c. perceptual selection
d. adaptation
Answer:
The answer is D.This is called adaptation.
Explanation:
Answer:
Adaptation
Explanation:
Mary has seen the advertisements several times, so she has subconsciously adapted to them. She is no longer conciously seeing the advertisements.
Processing of the information is done automatically now by mind .
suppose, due to favorable weather, the crop in 2012 is 330 tons. in percentage terms, how much bigger is the 2012 crop over the 2007-2011 average?
Answer:
32%
Explanation:
Year Production (in tons)
2007 200
2008 240
2009 260
2010 300
2011 250
The average crops during 2007-2011 = (200 + 240 + 260 + 300 + 250) / 5 = 1,250 / 5 = 250 tons per year
If the 2012 crop is 330, it is 32% percentage larger [= (330 - 250) / 250] than the average crops between 2007-2011.
The crop of 2012 would be 32 percent greater than the crop over the 2007-2011 average.
How the difference in crop percentage would be calculated?
The average crops that were produced during 2007-2011:
[tex]\frac{200 + 240 + 260 + 300 + 250}{5} \\=250[/tex]
The crop in the year 2012 is 330, then average production of crops between 2007-2011 would be:
[tex]\frac{330 - 250}{250} \\=0.32*100\\=32[/tex]
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