Answer:
D. the economy as a whole, including topics such as inflation, unemployment, and economic growth.
Explanation:
Macro Economics is the study of economy as a whole. It focuses on economic participants - buyers, sellers as a huge aggregate group. It deals with Aggregate factors of Economy like - Aggregate Demand, Aggregate Supply, General Price Level, over all economic growth.
Will and Lyndsey are married with no dependents and file a joint tax return. In 2019, they paid $3,000 in qualified student loan interest in addition to $22,550 in itemized deductions. What is the total of their "FROM AGI" deductions in 2019?
O $22,250
O $27,400
O $24,400
O $25,250
Answer:
The FROM AGI deductions for year 2019 are $24,400.
Explanation:
FROM AGI deduction for a year are the maximum of the following two items
itemized deductions standardized deductionsHere itemized deduction is given as $22,550 where as value of standardized deduction is $24,400 (for 2019)
Thus as the maximum of two is valid thus the FROM AGI deductions for year 2019 are $24,400.
The Terrence Co. manufactures two products, Baubles and Trinkets. The following are projections for the coming year: Baubles Trinkets 16,000 units 8,000 units Sales $16,000 $16,000 Costs: Fixed$3,600 $11,520 Variable 6,400 10,000 3,200 14,720 Income before taxes $6,000 $1,280 How many Baubles will be sold at the break-even point, assuming that the facilities are jointly used with the sales mix remaining constant
Answer:
Bauble to be sold for break even = 5484
Explanation:
Sales Mixture = 16000 : 8000 = 2:1 2 : 1
Bauble Trinkets
Selling Price P.u (16/16) : (16/8) = 1 2
Variable Cost (6400/16000) : ( 11520/16000) = (0.4) (0.72)
Contribution margin Per unit (Sp-Vc) = 0.6 1.28
Com-posit Cm 2 baubles 1 trinkets = 0.6*2+1.28*1 = 2.48
Fix Cost Total = 3200+3600 = 6800
Break-Even units = 6800/2.48 = 2741
Baubles 2742*2 = 5484*0.6 = 3290.4
Trinkets 2742*1 = 2742*1.28 = 3509.7
The Terrence Co. must sell 6000 units of Baubles to reach their break-even point assuming the sales mix remains constant. This was calculated using the information given about fixed costs, variable costs and selling price for this product.
Explanation:In order to find the break-even point for Baubles, you first have to understand how the costs for this product are distributed. Fixed costs for Baubles are $3,600 and variable costs (per unit) are $6,400 / 16,000 = $0.4. The selling price per unit of Baubles is $16,000 / 16,000 = $1.
The contribution margin per unit, which is selling price per unit minus variable cost per unit, is hence $1 - $0.4 = $0.6. Break-even point can be found using the formula: Fixed Costs / Contribution Margin per Unit, which translates to $3,600/$0.6 = 6000 units. Therefore, Terrance Co. needs to sell 6000 Baubles to reach the break-even point, assuming the sales mix remains constant.
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Percentage change is calculated as Group of answer choices the change in elasticity divided by the quantity. quantity divided by the change in quantity. the change in quantity divided by the quantity. g
Answer:
the change in quantity divided by the quantity.
Explanation:
Percentage Change in any variable is calculated by :
(Change in Variable / Variable old value ) x 100 ; where
Change in Variable = Variable New Value - Variable Old Value
Example : If Price change from 10 to 15
Percentage change in price = (Change in Price / Old Price) x 100
= [(15-10) / 10] x 100
= [ 5/10 ] x 100
= 50%
2.5 If the nominal rate of interest is 4.25 percent and the expected rate of inflation is 1.75 percent, what is the real rate of interest?
Answer:
2.5
Explanation:
Real interest rate is the interest rate that has been adjusted for the effect inflation.
Nominal interest rate hasn't been adjusted for the effects of inflation. It is the one more popularly quoted .
Inflation is the rise in general price level.
Real interest rate = nominal interest rate - expected inflation rate
4.25 - 1.75 = 2.5
I hope my answer helps you
England and Scotland both produce scones and sweaters. Suppose that an English worker can produce 50 scones per hour or 1 sweater per hour. Suppose that a Scottish worker can produce 40 scones per hour or 2 sweaters per hour. a. Which country has the absolute advantage in the production of each good? Which country has the comparative advantage? b. If England and Scotland decide to trade, which commodity will Scotland trade to England? Explain. c. If a Scottish worker could produce only 1 sweater per hour, would Scotland still gain from trade? Would England still gain from trade? Explain.
Answer:
200 water
Explanation:
the water must be 200 degrees celecus
Qualitative research methods __________.
a. focus on media ratings
b. are the best form of audience measurement
c. often use statistics to measure effects
d. provides non-numerical knowledge about communication
e. all of the above
Answer: d. provides non-numerical knowledge about communication
Explanation:
Qualitative research Methods mainly provide numerical information about what we are investigating, these are important because they bring us a little closer to knowing about the Target of the target market we want to reach.
An example of the qualitative information method could be the information of preferences about a product, such as a shampoo or soap, asking women in households according to the area that they want to hang and by asking these questions through a survey we can obtain the Information we want to know.
Final answer:
Qualitative research methods provide non-numerical knowledge about communication through techniques like interviews and focus groups, aimed at understanding people's opinions and experiences without the use of statistics.
Explanation:
Qualitative research methods provide non-numerical knowledge about communication(option d). This includes gaining insights into people's opinions, motivations, and experiences through methods such as in-depth interviews, focus groups, and content analysis. Qualitative methods allow researchers to explore concepts and phenomena in detail but do not typically involve statistical analysis.
Instead, they yield results such as words, pictures, and objects, which are then interpreted to understand their meaning within the context of the study. Some common qualitative techniques include conducting intensive interviews, engaging in participant observation, or holding focus groups. These methods are rooted in social sciences like anthropology, sociology, and psychology.
Crandall Oil has total sales of $1,349,800 and costs of $903,500. Depreciation is $42,700 and the tax rate is 34 percent. The firm does not have any interest expense. What is the operating cash flow?
Answer:
Operating Cash flow = $309,076
Explanation:
Operating Cash flow
Sales = $1,349,800
-Costs = $903,500
-Depreciation = $42,700
Operating Income = $403,600
-Tax = $137,224
Net Income = $266,376
Operating Cash Flow = Net Income + Non-Cash Expenses – Increase in Working Capital
Operating Cash flow = $266,376 + $42,700 - 0
Operating Cash flow = $309,076
Final answer:
The operating cash flow for Crandall Oil is calculated by subtracting total costs and taxes from total sales and adding back depreciation. The operating cash flow is $322,740.
Explanation:
To calculate the operating cash flow for Crandall Oil, we need to begin with the total sales and then subtract the costs. We add back the depreciation since it's a non-cash expense and then subtract taxes paid. The formula for operating cash flow (OCF) is OCF = (Sales - Costs + Depreciation)*(1 - Tax Rate).
Following the formula:
Sales = $1,349,800
Costs (excluding depreciation) = $903,500
Depreciation = $42,700
Tax rate = 34%
The operating income before tax is Sales - Costs + Depreciation = $1,349,800 - $903,500 + $42,700 = $489,000.
Now we need to calculate the tax, which is Operating Income before Tax * Tax Rate = $489,000 * 34% = $166,260.
Finally, we calculate the operating cash flow by subtracting the tax from the operating income before tax:
OCF = $489,000 - $166,260 = $322,740.
Social recognition, in which social media is used to recognize employee performance on a daily basis, has not yet been found to be as effective as the one-on-one performance review or 360-degree feedback. A) True B) False
Answer:
The correct answer is letter "A": True.
Explanation:
Social media can be useful for different purposes but is not the best platform through which executives should provide employee appraisal because of its informal character. There are some other dynamic approaches such as 360-degree feedback in which not employers but also coworkers can rate employees' performance in their work frame, being this one of the most effective methods to boost their efficiency.
Assume that the company produces and sells 92,000 units during the year at a selling price of $7.37 per unit. Prepare a contribution format income statement for the year.
Answer:
1. MS Excel File is attached for the solution. Please find that.
2. Contribution income statement for the year
$
Sales (45000 x 16 ) 720,000
Less: Variable Cost (45,000 x 6) 270,000
Contribution Margin 450,000
Less: Fixed Cost 300,000
Net Income 150,000
The following December 31, 2016 fiscal year end account balance information is available for the Stonebridge Corporation:
Cash and cash equivalents $5,000
Accounts receivable (net) 20,000
Inventories 60,000
Property, plant and equipment (net) 120,000
Accounts payable 44,000
Wages payable 15,000
Paid in capital 100,000
The only asset not listed is short term investments.
The only liabilities not listed are a $30,000 note payable due in two years and related accrued interest of $1,000 due in four months.
The current ratio at year end is 1.5:1.
Required:
Determine the following at December 31, 2016:
a) Total current assets.
b) Short term investments.
c) Retained earnings.
Answer:
a) Total Current Assets $ 90,000
b) Short Term Investments $ 5,000
c) Retained Earnings $ 20,000
Explanation:
To determine the total current assets we have to work with the current ratio information provided in the question.
The current assets are:
Cash and cash equivalents $ 5,000
Accounts receivable (net) $ 20,000
Inventories $ 60,000
Current assets excluding Short term investments $ 85,000
The current liabilities are:
Accounts Payable $ 44,000
Wages Payable $ 15,000
Accrued interest due in 4 months $ 1,000
Total current liabilities $ 60,000
The current ratio at year end is 1.5 : 1
The total current assets is 1.5 * $ 60,000 = $ 90,000
The short term investments is calculated as
Total Current assets - Current assets excluding short term investments
$ 90,000 - $ 85,000 = $ 5,000 Short Term Investments
For determining the retained earnings, we have to use the balance sheet equation.
Total assets = Total liabilities + Stockholders Equity
Total assets = Current assets + Fixed Assets
Total assets = $ 90,000 + 120,000 ( Net Property Plant & Equipment)
Total assets = $ 210,000
Total liabilities = Current Liabilities + Long term Liabilities
$ 60,000 + 30,000 (Note Payable ) = $ 90,000
Using the balance sheet equation
$ 210,000 ( Total assets) - $ 90,000 (Total Liabilities) + Shareholders Equity
$ 120,000 = Shareholders equity
Shareholders equity = Capital + Retained earnings
$ 120,000 = $ 100,000 + Retained earnings
Retained Earnings = $ 20,000
a) Total current assets: $85,000. b) Short term investments cannot be determined. c) Retained earnings cannot be determined.
Explanation:a) Total current assets can be calculated by adding together the Cash and cash equivalents, Accounts receivable (net), and Inventories. In this case, the total current assets would be $5,000 + $20,000 + $60,000 = $85,000.
b) Short term investments are not explicitly mentioned in the information provided. Therefore, we cannot determine the value of short term investments.
c) Retained earnings cannot be determined with the information provided. Retained earnings represents the accumulated profits or losses of a company since its inception. To calculate retained earnings, we would need additional information such as net income, dividends, and any previous year's retained earnings.
Blake eats two bags of potato chips each day. Blake's hourly wage increases from $9 to $15, and he decides to stop eating generic chips and instead eats a name brand potato chip. Use the midpoint method to calculate Blake's income elasticity of demand for generic potato chips.
The income elasticity of demand describes how demand for a good changes with income, using positive values for normal goods (demand rises as income rises). As Blake consumes more name-brand chips after a salary bump, those can be classified as normal goods. The midpoint method used for calculations require two sets of quantities and incomes, rendering a specific numerical answer impossible in this case.
Explanation:The student's question is about calculating the income elasticity of demand using the midpoint method. Elasticity of demand is a measure of how much the quantity demanded of a good changes when the income changes. In the case of Blake, he stops eating generic chips and starts eating name-brand chips when his wage increases. This is an example of a normal good, as consumption increases with an increase in income.
However, when calculating the income elasticity of demand using the midpoint method, we need two sets of quantities and two sets of incomes. As only one set is provided in the question (Blake's switch to name-brand chips), it's impossible to provide a numerical answer.
However, what we can say is that if the income elasticity of demand is positive, then the good is a normal good: demand for it increases as income increases. Therefore, we could describe name-brand chips as a normal good for Blake.
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Blake's income elasticity of demand for generic potato chips is calculated as -4, indicating that these chips are an inferior good for him.
Income Elasticity of Demand for Generic Potato Chips
To determine Blake's income elasticity of demand for generic potato chips, we need to use the midpoint method. The formula for income elasticity of demand (E) is:
[tex]E = \frac{Delta Q }{Q_{avg} } * \frac{Delta I}{I_{avg}}[/tex]
Here, Delta Q is the change in quantity demanded, Q_avg is the average quantity demanded, ΔI is the change in income, and I_avg is the average income.
Initial quantity of generic chips (Q1): 2 bags per dayFinal quantity of generic chips (Q2): 0 bags per day (since Blake switched to name brand)Initial income (I1): $9/hourFinal income (I2): $15/hourCalculate the changes and averages:
Change in Q = Q₂ - Q₁ = 0 - 2 = -2
Q_avg = (Q₁ + Q₂) / 2
Q_avg = (2 + 0) / 2 = 1
Change in I = I₂ - I₁ = 15 - 9 = 6
I_avg = (I₁ + I₂) / 2
I_avg = (9 + 15) / 2 = 12
Plug these values into the formula:
[tex]E = \frac{-2}{1} * \frac{6}{12}[/tex]
E = -2 / 0.5 = -4
Since the elasticity is negative, generic potato chips are an inferior good for Blake, meaning that as his income increases, his demand for generic potato chips decreases.
Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the rupee. The government purchases: 2.60 trillions of rupees. Individuals consume: 9.30 trillions of rupees. Individuals save: 5.18 trillions of rupees. Businesses invest: 1.80 trillions of rupees. Foreigners spend: 0.61 trillions of rupees to purchase Pakistani firms. Pakistan imports: 2.08 trillions of rupees. Pakistan exports: 1.29 trillions of rupees. Calculate Pakistan's GDP. Assume that the values are all current and no conversions need to be made. Give your answer in terms of trillions of rupees, and round to two decimals. g
Answer:
= 12.91 trillion rupees.
Explanation:
The question is to Calculate Pakistan's GDP based on the provided information
First, the formula to calculate the Gross Domestic Product is as follows:
GDP= C + I +G+ (X - M)
Where C= Individual Consumption= 9.30 trillion rupees
I = The investment = Business Investment = 1.80 trillion rupees
G= Government Purchases = 2.60 trillion rupees
X= Exports= 1.29 trillion rupees
M= Imports = 2.08 trillion rupees
Using the formula therefore,
Pakistan's GDP
= 9.30 trillion rupees + 1.8 trillion rupees + 2.6 trillion rupees + (1.29 trillion rupees - 2.08 trillion rupees)
= 12.91 trillion rupees.
To calculate Pakistan's GDP, we add up the government purchases, individuals' consumption, individuals' savings, businesses' investments, foreigners' spending on Pakistani firms, and Pakistan's exports, and subtract the imports. The GDP of Pakistan is 18.70 trillion rupees.
Explanation:To calculate Pakistan's GDP, we need to sum up the government purchases, individuals' consumption, individuals' savings, businesses' investments, foreigners' spending on Pakistani firms, and Pakistan's exports. We then subtract Pakistan's imports. The GDP can be calculated as follows:
GDP = Government purchases + Individuals' consumption + Individuals' savings + Businesses' investments + Foreigners' spending on Pakistani firms + Pakistan's exports - Pakistan's imports
Using the given values, we can calculate the GDP as:
GDP = 2.60 + 9.30 + 5.18 + 1.80 + 0.61 + 1.29 - 2.08 = 18.70 trillion rupees
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On college campuses, hiking and biking groups, service organizations, and intramural sports teams are prime examples of ______________ organizations. Select one: a. utilitarian b. mortification c. coercive d. voluntary
Answer:
The correct answer is letter "D": voluntary.
Explanation:
Voluntary organizations are non-profit associations with a mission and vision. On colleges, it is very common to find these groups of students who usually get together to share their experiences with activities of interest such as sports, dance, community service or cultural exchange.
The market supply of cigarettes is shown in the table below.
Supply of Cigarettes
Quantity of Cigarettes Supplied (packs)
Price (dollars) Pre-Tax Post-Tax
$1.00 100
1.50 150
2.00 200
2.50 250
3.00 300
Imagine that, in order to discourage people from smoking, the government decides to place an excise tax on every pack of cigarettes sold directly affecting suppliers. As a result of the tax, the supply of cigarettes decreases by 150 packs of cigarettes at each price.
Graph the pre-tax market supply curve and graph the after-tax market supply curve.
2. Managers at a local home improvement store see that new home sales in their area have increased. They order more refrigerators for their store. They likely do this because they assume that:
a. new homes and refrigerators are complements
b. new homes and refrigerators are substitutes
c. refrigerators are inferior goods
d. refrigerators are normal goods
The answer & explanation for this question is given in the attachment below.
Productivity can be improved by: A. decreasing outputs while holding inputs steady. B. increasing inputs while holding outputs steady. C. decreasing inputs while holding outputs steady. D. increasing inputs and outputs in the same proportion. E. None of the above.
Answer and Explanation:
C. decreasing inputs while holding outputs steady
Productivity can be improved by decreasing inputs while holding outputs steady.
Explanation:The correct answer to the question is option C: decreasing inputs while holding outputs steady.
Productivity can be improved by decreasing inputs while holding outputs steady. This means finding ways to produce the same or better outputs with fewer resources, such as reducing waste, streamlining processes, or implementing more efficient technologies.
For example, a manufacturing company may invest in new machines or equipment that require less energy or manpower to produce the same number of products. By reducing the inputs required, they can improve their productivity without affecting the outputs.
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Any activity that results in the conversion of resources into products that can be used in consumption is called A. production. B. transformation. C. derived demand. D. substitution.
Answer:
A. production
Explanation:
The production or manufacturing process is when the raw materials are converted into a finished good ready for use for the population who compose the economy of hte given region.
The other economic activities are extraction which is take the resource from the land (mining, argiculture and other)
and services which provides services to citizen without the exchange of good
The termed used to describe the process of converting resources into products that can be consumed is 'production'. The terms transformation, derived demand and substitution, while related, do not exactly define this process.
Explanation:The correct answer to the question, 'What is any activity that results in the conversion of resources into products that can be used in consumption?' is A. production. In the context of business and economics, production refers to the processes and methods used to transform tangible inputs (raw materials, semi-finished goods, or subassemblies) and intangible inputs (ideas, information, knowledge) into goods or services. B. transformation, C. derived demand, and D. substitution are related terms, but they don't have the exact meaning mentioned in the question. Thus, the activity of converting resources into usable products is called production, not transformation, derived demand, or substitution.
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Art is in the 24% marginal tax bracket for 2019. He owes a $10,000 bill for business expenses. Because he reports taxable income on a cash basis, he can deduct the $10,000 in either 2019 or 2020, depending on when he makes the payment. He can pay the bill at any time before January 31, 2020, without incurring the normal 8% interest charge. If he expects to be in a 32% marginal tax bracket for 2020, he should pay the bill and claim the deduction in 2020 . How much tax saving will Art realize by claiming the deduction in the year you answered above if the present value factor for 1 period at 8% equals 0.926?
Answer:
$740.8
Explanation:
To answer this question the following steps are undertaken
1) We consider the Marginal tax bracket Art falls within. And it becomes obvious that his bracket in 2020 is higher than that of 2019. The implication of this discovery is that claiming expenses in 2020 will save more taxes for Art than in 2019.
2) What is his tax savings in 2020 = $10,000 x (0.32-0.24) = $800
Finally, since the present value of tax savings is 0.926
Then the tax savings to realize for 2020 is
$800 x 0.926 = $740.8
In the long run, will Enviromax produce the allocatively and productively efficient level of output? Explain.
Enviromax achieves productive and allocative efficiency by operating on the PPF, reflecting the optimal balance between economic output and environmental protection as preferred by society.
Explanation:In the long run, Enviromax will produce the allocatively and productively efficient level of output if it operates on the production possibility frontier (PPF). Productive efficiency is achieved when Enviromax operates at a point on the PPF curve where it cannot produce more of one good without giving up some other good. Allocative efficiency means Enviromax is producing at a point on the PPF that reflects society’s preferences, with the optimal tradeoff between economic output and environmental protection.
Choices on the PPF like point P, with a high level of economic output and lower environmental protection, or point T, with high environmental protection and lower economic output, represent different allocative efficiencies. These choices involve an opportunity cost, which is the cost of forgoing the next best alternative when making a decision. To be allocatively efficient, Enviromax’s output level should reflect society’s preferred balance between economic goods and environmental quality.
Morgan Sondgeroth Inc. began operations in January 2018 and reported the following results for each of its 3 years of operations. 2018 $260,000 net loss 2019 $40,000 net loss 2020 $800,000 net income At December 31, 2020, Morgan Sondgeroth Inc. capital accounts were as follows. 8% cumulative preferred stock, par value $100; authorized, issued, and outstanding 5,000 shares $500,000 Common stock, par value $1.00; authorized 1,000,000 shares; issued and outstanding 750,000 shares $750,000 Morgan Sondgeroth Inc. has never paid a cash or stock dividend. There has been no change in the capital accounts since Sondgeroth began operations. The state law permits dividends only from retained earnings. Instructions a. Compute the book value of the common stock at December 31, 2020. b. Compute the book value of the common stock at December 31, 2020, assuming that the preferred stock has a liquidating value of $106 per share.
Final answer:
To compute the book value of the common stock at December 31, 2020, subtract the net losses from the net income to determine retained earnings. Divide the retained earnings by the number of outstanding common shares to get the book value per share. If the preferred stock has a liquidating value, add it to the retained earnings before dividing.
Explanation:
To compute the book value of the common stock at December 31, 2020, we need to determine the retained earnings of Morgan Sondgeroth Inc. Retained earnings can be calculated by subtracting the net income from the net losses of the previous years. So, for Morgan Sondgeroth Inc., retained earnings at December 31, 2020, would be:
$800,000 (2020 net income) - $260,000 (2018 net loss) - $40,000 (2019 net loss) = $500,000
The book value of the common stock can be calculated by taking the retained earnings and dividing it by the number of outstanding common shares. In this case, the book value would be:
$500,000 (retained earnings) / 750,000 (outstanding common shares) = $0.67 per share
If we assume that the preferred stock has a liquidating value of $106 per share, then the book value of the common stock at December 31, 2020 would be:
$500,000 (retained earnings) + ($106 x 5,000) (preferred stock liquidating value) / 750,000 (outstanding common shares) = $0.93 per share
What are some of the unintended effects of rent control?
a. Rent-control laws incentivize the development of upscale housing instead of low-income units.
b. Rent-controlled units have a high ownership turnover rate. c. More low-income residents are able to find more housing in rent-controlled cities in the long term.
d. Rent control decreases landlords’ profits and subsequently lower their incentive to invest in property upkeep.
Rent control, though intended to keep housing affordable, can result in incentives for the development of upscale housing over low-income units, high turnover of rent-controlled units and decreased property upkeep due to lower profits.
Explanation:Rent control is a form of government regulation that restricts the amount landlords can increase rent for housing. Unintended effects of rent control include:
Rent-control laws can incentivize the development of upscale housing instead of low-income units, which could potentially lead to affordable housing shortages. There's a high ownership turnover rate in rent-controlled units. This happens because, as rents are restrained by control laws, landlords may choose to sell their properties instead of renting them out at a reduced rate. Rent control can decrease landlords’ profits and subsequently lower their incentives to invest in property upkeep, leading to a deterioration in the quality of rental units over time.Learn more about Rent Control here:
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Suppose that Spain and Denmark both produce jeans and olives. Spain's opportunity cost of producing a crate of olives is 3 pairs of jeans while Denmark's opportunity cost of producing a crate of olives is 11 pairs of jeans.
By comparing the opportunity cost of producing olives in the two countries, you can tell that Spain has a comparative advantage in the production of olives and Denmark has a comparative advantage in the production of jeans.
Suppose that Spain and Denmark consider trading olives and jeans with each other. Spain can gain from specialization and trade as long as it receives more than 3 pairs of jeans for each crate of olives it exports to Denmark. Similarly, Denmark can gain from trade as long as it receives more than 1/11 crate of olives for each pair of jeans it exports to Spain.
Based on your answer to the last question, which of the following prices of trade (that is, price of olives in terms of jeans) would allow both Denmark and Spain to gain from trade? Check all that apply.
a. 2 pairs of jeans per crate of olives
b. 6 pairs of jeans per crate of olives
c. 4 pairs of jeans per crate of olives
d. 13 pairs of jeans per crate of olives
Answer:
b. 6 pairs of jeans per crate of olives; and
c. 4 pairs of jeans per crate of olives
Explanation:
Olives Jeans Trade off Ratio (Olives:Jeans)
Spain 1 3 1:3 or 0.33:1 (1/3 = 0.33)
Denmark 1 11 1:11 or 0.09:1 (1/11= 0.09)
Spain & Denmark have less opportunity cost & hence comparative advantage than each other, in Olive & Jeans respectively.
Spain will export Olives to Denmark (importer). Denmark will export Jeans to Spain (Importer). Trade will be gainful if they get exchange ratio better than domestic exchange ratio.
'2 jeans pairs per olive crate' not gainful trade ratio for Spain, as it is getting more i.e 3 jeans pair per olive crate at its own domestic ratio. '13 jeans per olive' not gainful for Denmark, as 0.07 = (1/13) olive per jeans is worse than its own domestic ratio i.e 0.09 = (1/11) olive per jeans'4 jeans pairs per olive crate' is gaining trade ratio for:
Spain: As it gets 4 i.e more than 3 pairs of jeans per olive crate Denmark : As it gets 0.25 = (1/4) i.e more than 0.09 olive crates per pair of jeans'6 jeans pairs per olive crate' is gaining trade ratio for:
Spain: As it gets 6 i.e more than 3 pairs of jeans per olive crate Denmark : As it gets 0.16 = (1/6) i.e more than 0.09 olive crates per pair of jeansBoth of them are gainful trade ratios, but:
1olive:4 jeans is more gainful for Denmark, as it is gaining relatively more than domestic exchange rate (0.25 is more > 0.09 than 4 > 3). 1olive:6jeans is more gainful for Spain as it is gaining relatively more than domestic exchange rate (6 is more > 3 than 0.16 > 0.09)The trade rates that would allow both countries to gain from trade are 6 pairs of jeans per crate of olives and 4 pairs of jeans per crate of olives. This is because these rates fall between the opportunity costs of both countries.
Explanation:In the given scenario, for both Spain and Denmark to gain from trade, the trade rate should fall between both countries' opportunity costs. Hence, Spain's opportunity costs for producing olives, which is 3 pairs of jeans, and Denmark's opportunity cost of producing olives which is 11 pairs of jeans, would determine the trade rate. Therefore, the trade rates that would benefit both countries are:
6 pairs of jeans per crate of olives4 pairs of jeans per crate of olivesThis is because for Spain to gain, it should receive more than 3 pairs of jeans for each crate of olives it exports, and for Denmark to gain, it should receive more than 1/11 crate of olives for each pair of jeans it exports.
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George invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 16.35 percent in 2012, 31.50 percent in 2013, 13.85 percent in 2014, and 2.90 percent in 2015. What return did he earn in the average year during the 2012–2015 period?
Answer:
$161.50
Explanation:
Amount Invested = $1,000
Number of years = 4
Return for each year = Amount Invested × Interest rate
= $1,000 × Interest rate
For 2012:
Interest rate = 16.35% = 0.1635
Therefore,
Return for 2012 = $1,000 × 0.1635
= $163.50
For 2013:
Interest rate = 31.50% = 0.3150
Therefore,
Return for 2013 = $1,000 × 0.3150
= $315.00
For 2014:
Interest rate = 13.85% = 0.1385
Therefore,
Return for 2014 = $1,000 × 0.1385
= $138.50
For 2015:
Interest rate = 2.90% = 0.029
Therefore,
Return for 2015 = $1,000 × 0.029
= $29.00
Average for 2012-2015
To get this, we add the returns for the 4 years, i.e. 2012-2015, and then divide it by the number of years which 4 as follows:
Average for 2012-2015 = ($163.50 + $315.00 + $138.50 + $29.00) ÷ 4
= $646.00 ÷ 4
= $161.50
Therefore, George's average return for the period is $161.50.
I wish you all the best.
Refer to Exhibit 2-2. If PPF2 is the relevant production possibilities frontier, then point __________ illustrates inefficiency.
Answer: F
Explanation:
Production possibility frontier checks the alternative combination of products that is possible based on available resources and useful technology.
NOTE: Exhibit 2-2 is curved.
Although, in reality most PPF2 are curved, which means that there is an increase in opportunity costs due to the commensurate increase in the number of goods produced. And this is so in most cases.
Therefore, with reference to Exhibit 2-2, if PPF2 is the relevant Production Possibilities Frontier, then point F illustrates inefficiency.
Transanomics Corp recently issued at par value 5-year bonds with a par value of $500,000, dated January 1, 2015 and bearing an interest at an annual rate of 10% payable quarterly on March 31, June 30, September 30 and December 31st. The initial journal entry made by Transanomics Corp. was:
Answer:
Issued Bond was the liabilities for Transanomics Corp. It receives cash against the issuance of bonds.
Initial Journal Entry by Transanomics Corp.
Dr. Cr.
January 1, 2015
Cash $500,000
Note Payable $500,000
The screening process involves . A. choosing a setting to have group B. deciding how to publicize C. choosing a co-leader D. interviewing potential group members
Answer:
The correct answer is D
Explanation:
Screening process is the procedure which is used to evaluate the applicant qualifications for the job and the potential job fit for the position to which the person applied for. It involves or a variety of the elements like the skills grounded assessments, pre employment testing and interviewing candidate.
Under this process, the applicant profile is evaluated in order to check the eligibility of the applicant for the job. So, it involves interviewing the potential group members.
The screening process in group formation includes selecting potential leaders, making key decisions, and maintaining group member behavior, with leaders emerging based on communicative behaviors and contributions.
The screening process for group formation involves various stages, including choosing leaders, making decisions, and controlling the behaviors of group members. A group leader may be formally designated or may emerge naturally during early group meetings. When interviewing potential group members, it's important to recruit people who are culturally sensitive and have good social skills to ensure participants feel at ease.
During the first stage of leadership emergence, communicative behaviors are key in determining who will continue to be considered for a leadership role. This stage involves a level of formality and guarded interaction as participants navigate the early dynamics of group formation. Ultimately, the goal is to establish group boundaries, define roles, and set the direction for task accomplishment.
Suppose a wet and sunny year increases the nation's sweetcorn crop by 20%. How will this affect the market for frozen peas,a substitute for sweet corn?
a) increase in demand
b) decrease in supply
c) increase in supply
d) decrease in demand
Answer:
d) decease in demand
Explanation:
When the produce of sweet corn crop rises by 20%, this would lead to an increase in supply. With increase in supply, the price of sweet corn shall fall, which would lead to an increase in demand as now consumers will consume more of sweet corn.
Since the relationship between price of a good and demand for it's substitute is positive, the demand for the substitute shall fall.
Thus, demand for frozen peas shall decrease as demand for sweet corn has increased.
Companies A and B each have the same level of total assets, the same tax rate, and the same earnings before interest and taxes (EBIT). Company A, however, has a higher debt ratio. Which of the following statements is most correct?a.Company A has a lower return on assets (ROA).b.Company A has a lower basic earning power (BEP).c.Company A has a lower times interest earned (TIE) ratio.d.Answers a and c are correct.e.All of the answers above are correct
Answer:
a.Company A has a lower return on assets (ROA).
c.Company A has a lower times interest earned (TIE) ratio.
That is options a and c
Explanation:
For company A to have high debt ratio means it has a higher debt which will reduce earnings. Company A's earnings will be less than Company B's.
ROA= Net income/Total assets
Since Company A's income is less than Company B's ROA for Company A will be less than that for Company B.
TIE = Earnings before Interest and Tax/Interest
Due to higher debt of company A it's interest will be higher resulting in low TIE.
Final answer:
The correct statement is that Company A, with a higher debt ratio than Company B, has a lower times interest earned (TIE) ratio since they have the same EBIT and total assets, but Company A has higher interest obligations.
Explanation:
When considering companies with the same level of total assets, tax rates, and earnings before interest and taxes (EBIT), the company with a higher debt ratio is Company A. The debt ratio is a measure of financial leverage. The effect of a higher debt ratio on Company A might result in a lower times interest earned (TIE) ratio compared to Company B, due to the higher interest obligations inherent in a higher level of debt. Since the return on assets (ROA) formula does not include interest expenses and both have the same EBIT and total assets, ROA would not be different between Company A and B. Similarly, basic earning power (BEP) would not be impacted since it factors in EBIT relative to total assets, and these are the same for both companies. Therefore, the most correct statement is that Company A has a lower TIE ratio.
The TIE ratio is crucial for assessing a company's ability to meet its interest obligations and indicates how many times a company can cover its interest charges with its pre-tax earnings. A lower TIE ratio implies decreased financial stability and increased risk of default.
Since George is a shift manager, ________. a. he need not have any empirical skills b. his interpersonal skills are not important c. his conceptual skills are of the utmost priority d. his technical skills are of the utmost priority
Answer:
The correct answer is letter "D": his technical skills are of the utmost priority.
Explanation:
Shift managers require technical and conceptual skills. However, most of their job implies being in permanent interaction with subordinates in helping them perform their day-to-day duties efficiently. Then, the technical skills are likely to be more necessary for this type of job.
Bramble Gravity Grips produces spike sets for track shoes. CEO Brittany Bramble has gathered the following information about the company’s sales volume and marketing cost for the past six months: Sales Volume Total Marketing Costs January 550,836 $82,736 February 390,836 $74,527 March 561,496 $83,060 April 543,000 $82,320 May 546,928 $82,520 June 552,808 $82,888Compute the total fixed marketing cost. (For computation puposes round variable cost to 2 decimal places, e.g. 52.75 and final answer to 0 decmial places, e.g. 5,275.)
Final answer:
To calculate the total fixed marketing cost, sum up the marketing costs for each month which equals $488,051.
Explanation:
To calculate the total fixed marketing cost, you need to sum up the marketing costs for each month. In this case, the marketing costs for the past six months are:
January: $82,736February: $74,527March: $83,060April: $82,320May: $82,520June: $82,888Add the above values together to get the total fixed marketing cost:
Total fixed marketing cost = $82,736 + $74,527 + $83,060 + $82,320 + $82,520 + $82,888 = $488,051.
Flounder Company had the following stockholders’ equity as of January 1, 2020. Common stock, $5 par value, 20,700 shares issued $103,500 Paid-in capital in excess of par—common stock 299,000 Retained earnings 323,000 Total stockholders’ equity $725,500 During 2020, the following transactions occurred. Feb. 1 Flounder repurchased 2,000 shares of treasury stock at a price of $19 per share. Mar. 1 870 shares of treasury stock repurchased above were reissued at $17 per share. Mar. 18 530 shares of treasury stock repurchased above were reissued at $13 per share. Apr. 22 510 shares of treasury stock repurchased above were reissued at $21 per share.
Prepare the journal entries to record the treasury stock transactions in 2020, assuming Flounder uses the cost method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Answer and Explanation:
Date Account Title and Explanation Debit Credit
Feb 1 Treasury Stock (2000*$19) $38,000
Cash (2000*$19) $38,000
(Repurchased 2,000 treasury stock @ $19 per)
Mar 1 Cash (870*$17) $14,790
Retained Earning {870*($19-$17)} $1,740
Treasury Stock(870*$19) $16,530
(Reissued 870 out of 2000 treasury stock @ $17 per)
Mar 18 Cash (530*$13) $6,890
Retained Earning {530*($19-$13)} $3,180
Treasury Stock(530*$19) $10,070
(Reissued 530 out of 2000 treasury stock @ $13 per)
Apr 22 Cash (510*$21) $10,710
Treasury Stock(510*$19) $9,690
Paid in Capital from Treasury Stock{510*($21-$19)} $1,020
(Reissued 510 out of 2000 treasury stock @ $17 per)
NOTE : loss of sale should be charges from Retained Earning.