Answer:
Retained earnings statement
Explanation:
A company's retained earnings statement is a financial statement that shows information regarding changes in retained earnings over a given period.
Retained earning are the company's profits that have not been distributed to its shareholders, and instead held in reserve for financing existing or future projects.
Laura mentions that employees will come back from tea break on time because they know it will let down their fellow work mates if they don't. What consideration in building a group into an effective team does this example most closely embody
Laura's example represents peer pressure, social loafing, and the Hawthorne effect. The team is effective because peer influence prevents social loafing and members are observant of each other's behaviors.
Explanation:The example provided by Laura most closely aligns with the concept of peer pressure, which operates substantially in building an effective team in a work setting. Because the process of group formation in the workplace often involves peer influence, the fear of disappointing coworkers can encourage team members to be punctual and comply with the norms of the team.
Furthermore, this example also hints at aspects of social loafing, a tendency for individuals to exert less effort in a group because of reduced pressure. However, in Laura's case, the potential for social loafing seems to be mitigated by the presence of a responsible group ethos. Individuals are held accountable to their peers, creating an environment where employees are less likely to slack off, even when the possibility for individual performance evaluation is not present.
Lastly, these considerations resonate with the research encapsulated in the Hawthorne effect. This dynamic suggests that employees alter their behavior positively when they know they are being observed, and might apply to a situation where colleagues expect each other to return promptly from breaks.
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The multiplier effect amplifies the effects of an increase in government expenditures, while the crowding-out effect diminishes the effect is called______________.
Answer:
The answer is the dampening effect
Explanation:
The multiplier effect amplifies the effects of an increase in government expenditures, while the crowding-out effect diminishes the effect is called__the dampening effect____________.
Wilson Co. has three segments -- Tennis, Golf, and Fishing. The Tennis segment is currently producing 2,000 units annually. The units sell for $200 each. The cost of each unit is $110. The Tennis segment spends $100,000 on product design each year. The segment also is allocated $200,000 of annual facility-level costs. Calculate the avoidable cost if Wilson Co. were to eliminate the Tennis segment.
What can be considered relevant costs?
Final answer:
The avoidable cost of eliminating the Tennis segment at Wilson Co. is $520,000 annually. This includes direct production costs, product design costs, and allocated facility-level costs, which are all relevant costs related to the segment.
Explanation:
To calculate the avoidable cost of eliminating the Tennis segment at Wilson Co., we need to consider only the relevant costs related to the production and maintenance of the segment. Relevant costs are costs that would disappear if the segment were eliminated.
In this case, the relevant costs include:
The direct cost of producing each unit, which is $110.The product design cost, which is a fixed cost of $100,000 annually.The allocated facility-level costs of $200,000 annually.Hence, the avoidable cost for the Tennis segment is:
Direct production costs: $110 × 2,000 units = $220,000Product design costs: $100,000Facility-level costs: $200,000The total avoidable cost of eliminating the Tennis segment would be $520,000 annually.
When James sold protective window bars for a nursing home complex, he specified in the contract that the bars would be shipped FOB factory. According to the UCC, this means that:
a. the bars will not leave the manufacturer until payment had been received in full.
b. the seller does not expect payment for the bars until they are installed.
c. the seller has full title to the bars until the nursing home director receives them.
d. the buyer assumes responsibility, cost, and risk for shipping of the bars.
e. the delivering company assumes title for the bars while they are in transit.
FOB factory means the buyer assumes responsibility, cost, and risk for shipping as per UCC, indicating responsibility for the goods shifts once shipped, not related to payment terms or the delivering company assuming title.
Explanation:When James specified in the contract that the protective window bars for a nursing home complex were to be shipped FOB (Free On Board) factory, it implicates a specific meaning in terms of shipping terms as per the Uniform Commercial Code (UCC). The correct answer to what FOB factory means according to the UCC is that the buyer assumes responsibility, cost, and risk for shipping of the bars. This term indicates that once the seller ships the goods, the buyer is responsible for any damage or loss that may occur during transportation. It does not pertain to the payment terms regarding when the seller expects to be paid, nor does it indicate that the delivering company assumes title of the goods during transit.
Mr. Bundy believes that women make poor shoe salespersons, but hires a woman to sell his shoes anyway and treats them the same as his male employees. Based on this information, which of the following is TRUE regarding Mr. Bundy?
Answer:
The correct answer is He is prejudiced, but does not discriminate against women.
Explanation:
A prejudice (from lat. Praeiudicium, ‘judged beforehand’) is the process of forming a concept or judgment on some person, object or idea in advance. In psychological terms, it is an unconscious mental activity that distorts perception.
Prejudice refers to the unfounded judgment and the affective tone. Allport notes that the phrase "think badly of other people" should be understood as "an elliptical expression, which includes feelings of contempt or dislike, fear and aversion, as well as various forms of hostile behavior, such as speaking against certain people. , practice some kind of discrimination against them or attack them with violence ». In the daily practices of the subjects, the prejudice operates from valuation budgets based on customs, traditions, myths and other lessons learned throughout the processes of identity formation. Allport does not include the possibility of positive rating in its definition. His essay was written in order to serve as teaching material for university students and the general public regarding the issue of ethnic discrimination, particularly that suffered by Jews and black Americans, which is why it is considered an important text in psychology social, because it states that racism is produced by "imaginary fears", which leads us to a positive vision that it is possible to eradicate prejudice in order to live in a more harmonious society.
Desktop management__________.a. increases the cost of configuration management over the long termb. requires managers to install software manually on client computersc. automatically produces documentation of software installed on each client computerd. can not maintain documentation of software installed on each client computere. decreases costs in the short term
Answer:
C) automatically produces documentation of software installed on each client computer
Explanation:
Desktop management refers to managing all the company's computers. Even though the word desktop is used, it includes managing and overseeing all the devices of the organization including laptops, tablets and even smartphones. Desktop management is a part of systems management.
Using information to design a marketing strategy to acquire/retain clientele is known as:_____.A) Behavioral targetingB) Customer value managementC) Permission marketingD) Terminal marketingE) Customer relationship management
Answer:
Customer relationship management
Explanation:
Customer relationship management is a strategy used in most organisation in which official make plan to retain their customers. They analyse the data about the customer, their professional history, their gross profit, nature of business etc. These all process help to boost the growth of company to the next level.
Answer:
thnx!
Explanation:
Which of the following is the set of all cost components that make up the fixed-order quantity total cost (TC) function?a. Annual holding cost, annual ordering cost, unit costb. Annual holding cost, annual ordering cost, annual purchasing costc. Annual lead time cost, annual holding cost, annual purchasing costd. Annual purchasing cost, annual ordering cost, fixed coste. Annual unit cost, annual set up cost, annual purchasing cost
Answer:
b. Annual holding cost, annual ordering cost, annual purchasing cost
Explanation:
The fixed order quantity total cost function is an economic order quantity model which comprises of annual holding cost, annual ordering cost and the purchasing cost
The formula to compute economic order quantity is shown below:
= [tex]\sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}[/tex]
The number of orders would be equal to
= Annual demand ÷ economic order quantity
The average inventory would equal to
= Economic order quantity ÷ 2
d. The total cost of ordering cost and carrying cost equals to
Ordering cost = Number of orders × ordering cost per order
Carrying cost = average inventory × carrying cost per unit
Purchasing cost = Annual demand × price per unit
Thus, the b option is correct
Final answer:
The fixed-order quantity total cost function is composed of annual holding cost, annual ordering cost, and annual purchasing cost.
Explanation:
The set of all cost components that make up the fixed-order quantity total cost (TC) function includes the annual holding cost, annual ordering cost, and the annual purchasing cost of the inventory. The annual holding cost represents the cost of storing the inventory over a year. The annual ordering cost accounts for the expenses associated with placing orders for inventory replenishment. Lastly, the annual purchasing cost is the cost of the actual items being purchased for inventory, which can also be referred to as the unit cost, and is calculated as the price per unit multiplied by the quantity. Option b is correct among the given following options .
What is a business requirement?
A. The nonspecific business requests the system must meet to be successfulB. The specific business requests the system must meet to be successfulC. The nonspecific methodology the system must meet to be successfulD. The specific methodology the system must meet to be successful
Answer: The specific business requests the system must meet to be successful
Explanation: In order for two organizations/parties to successfully carryout business a set of request must be fulfilled beforehand, these needed requirements are known as business requirements.
Requirements such as: type of product to be sold, cost at which product is to be sold, number of product to be sold, shipping and handling etc.
Lake Norman Corporation offered detachable 5-year warrants to buy one share of common stock (par value $5) at $20 (at a time when the stock was selling for $32). The price paid for 2,000, $1,000 bonds with the warrants attached was $205,000. The market price of the Lake Norman bonds without the warrants was $180,000, and the market price of the warrants without the bonds was $20,000. What amount should be allocated to the warrants?
a.$24,000
b.$20,000
c.$20,500
d.$25,000
Answer:
Option (C) is correct.
Explanation:
Given that,
Share of common stock (par value $5) = $20 (at a time when the stock was selling for $32)
Price paid for 2,000, $1,000 bonds with the warrants attached = $205,000
Market price of the Lake = $180,000
Market price of the warrants = $20,000
The amount allocated to the warrants should be:
= [Market price of warrants ÷ (Market price of warrants + Market price of Lake)] × Price paid
= [$20,000 ÷ ($20,000 + $180,000)] × $205,000
= $20,500
Hirshfeld Corporation's stock has a required rate of return of 10.25%, and it sells for $57.50 per share. The dividend is expected to grow at a constant rate of 6.00% per year. What is the expected year-end dividend, D1?
Answer:
expected year-end dividend is 2.44
Explanation:
given data
rate of return = 10.25% = 0.1025
sells price = $57.50 per share
constant rate = 6.00% per year = 0.06
to find out
What is the expected year-end dividend, D1
solution
we will apply here sells price formula that is express as
sells price = Dividend in 1 year ÷ ( cost of equity - growth rate ) ................1
put here value we get
57.5 = [tex]\frac{D1}{0.1025 - 0.06}[/tex]
solve it we get
D1 = 2.44
so expected year-end dividend is 2.44
Question 36
A production possibilities graph can show the effects of industrialization on the environment.
True
False
Question 37
Land, labor, and capital are three factors of production.
True
False
Question 38
Any intersection of points inside the line (to the left of the line) on a production possibilities graph shows that the economy is growing.
True
False
Question 39
If a business chooses to make one product over another there is always a trade-off involved because resources are limited.
True
False
Question 40
Competition ensures that consumers will be able to purchase products at the lowest possible price.
True
False
Question 41
In centrally planned economies, the people own most of the factors of production.
True
False
Question 42
In a circular flow of money of a mixed economy, the government puts money into the economy by purchasing goods and services that are needed to run the government and help society.
True
False
Question 43
In a free market economy, producers take the money they earn from selling products and use it to buy the things they want and need.
True
False
Question 44
When there is a shortage, producers raise the price of the good so that demand will be lowered.
True
False
Question 45
Medicare is one redistribution program.
True
False
Question 46
The U.S. Treasury conducts check clearing services for all banks in the country.
True
False
Question 47
Expansionary polices involve increasing spending and cutting taxes.
True
False
Question 48
When a market is in equilibrium, the quantity demanded and the quantity supplied is equal.
True
False
Question 49
When the quantity demanded for a good is elastic, it means the demand for the product is not influenced by price changes.
True
False
Question 50
Some corporations sell shares of stock to the public.
True
False
Question 51
The structural approach is used to calculate Gross Domestic Product.
True
False
Question 52
Unemployment has no effect on the economy.
True
False
Question 53
Unemployment rates nearest zero are not desirable in the economy.
True
False
Question 54
Nominal GDP is calculated using unchanging prices.
True
False
Question 55
Unemployment can force the economy into an expansion.
True
False
Answer:
false,true,false,true,true,true
36. True
37. True
38. False
39. True
40. False
41. False
42. True
43. True
44. True
45. True
46. False
47. True
48. True
49. False
50. True
51. False
52. False
53. True
54. False
55. False
36.
A production possibilities graph can indeed show the effects of industrialization on the environment by depicting the trade-offs between producing goods and services and preserving the environment.
37.
Land, labor, and capital are indeed three factors of production that are essential for producing goods and services in an economy.
38.
Any intersection of points inside the line (to the left of the line) on a production possibilities graph does not necessarily indicate that the economy is growing. It may indicate underutilization of resources or inefficiency in production.
39.
When a business chooses to make one product over another, there is indeed always a trade-off involved because resources are limited. This reflects the concept of opportunity cost.
40.
Competition does not always ensure that consumers will be able to purchase products at the lowest possible price. Factors such as market power, supply, and demand dynamics also influence prices.
41.
In centrally planned economies, the government typically owns most of the factors of production, rather than the people.
42.
In a circular flow of money of a mixed economy, the government does indeed put money into the economy by purchasing goods and services that are needed to run the government and help society.
43.
In a free market economy, producers do take the money they earn from selling products and use it to buy the things they want and need.
44.
When there is a shortage, producers often raise the price of the good so that demand will be lowered, helping to alleviate the shortage.
45.
Medicare is indeed one redistribution program implemented by the government to redistribute income to provide healthcare benefits to the elderly and certain disabled individuals.
46.
The U.S. Treasury does not conduct check clearing services for all banks in the country. This task is typically performed by the Federal Reserve.
47.
Expansionary policies do indeed involve increasing government spending and cutting taxes to stimulate economic growth.
48.
When a market is in equilibrium, the quantity demanded and the quantity supplied are indeed equal, resulting in no shortage or surplus.
49.
When the quantity demanded for a good is elastic, it means the demand for the product is influenced by price changes, not that it is unaffected by them.
50.
Some corporations do sell shares of stock to the public as a means of raising capital for investment and growth.
51.
The structural approach is not used to calculate Gross Domestic Product (GDP). GDP is typically calculated using the expenditure approach, income approach, or production approach.
52.
Unemployment does have significant effects on the economy, including reduced consumer spending, lower economic output, and social costs.
53.
Unemployment rates nearest zero are not desirable in the economy because they can lead to labor shortages, inflationary pressures, and potential inefficiencies in resource allocation.
54.
Nominal GDP is calculated using current prices, not unchanging prices. Real GDP adjusts for inflation and is calculated using constant prices.
55.
Unemployment typically indicates economic contraction rather than expansion, as it reflects underutilization of labor resources and reduced economic output.
Which of the followinDiffusion Research Company specializes in conducting market research for various firms. When it receives a new research proposal, its management first estimates the cost of conducting the research and delivering the final research report. The management then attempts to reduce the costs through efficient operations. In this scenario, Diffusion Research Company has a _____ pricing objective. is a limitation of break-even analysis?
Answer: Profit oriented
Explanation: Profit orientated strategies aims to set prices that will earn the company a profit. Companies do this by setting a price that is higher than the cost of goods or services they sell, and selling it at this price to customers. In this way they earn a profit on each sale that they make.
In this case Diffusion Research company first estimates the cost of conducting and delivering the research and then uses efficient operations to lower these costs. Operational efficiency entails delivering quality goods or services to consumers in the most cost effective way, and in this way maximising the profits earned on these goods and services. This indicates that a profit orientated pricing objective is used.
Billy told his boss, Gwen, that he is going to start training for the upcoming marathon to be healthier and to have more energy for work. When Gwen asked him about his running history, Billy said, "I really have never run before and don't exercise much. I just know I need to do something." Gwen told Billy, "You should start slowly, maybe setting smaller, realistic exercise goals that are achievable." Gwen is helping Billy set a:__________A. single-use plan.B. smart goal.C. standing plan.D. simplistic goal.E. focal point.
Answer:
B. smart goal.
Explanation:
SMART goal -
The word SMART is the an acronym -
S = Specific ,
M = Measurable ,
A = Achievable ,
R = Realistic ,
T = Timely .
These are the goals of any business organisation in order to motivate and direct the employees to do well and give new ideas or new resources for the success of the company .
It enables the people to focus and make efforts to achieve the goal and to make company successful .
In the similar way ,
Gwen is helping Billy to get SMART goals for the company .
In preparing its August 31, 2010 bank reconciliation, Adel Corp. has available the following information:
Balance per bank statement, 8/31/10 $21,650
Deposit in transit, 8/31/10 3,900
Return of customer's check for insufficient funds, 8/30/10 600
Outstanding checks, 8/31/10 2,750
Bank service charges for August 100
At August 31, 2010, Adel's correct cash balance is
A.$22,800.
B.$22,200.
C.$22,100.
Answer: C $22,100
Explanation: Bank Reconciliation
8/31/10 Bank Balance $21,650
Add:
8/31/10 Deposit in transit. $3,900
Less:
8/31/10 Outstanding Chq. $2,750
8/30/10 Rtd Chq. $600
8/31/10 Bank Charges. $100
Cash book balance $22,100
Which of the following items is not included in either M1 or M2?
a. Money market mutual fund balances
b. Currency held by banks Savings deposits
c. Checkable deposits
d. Currency held by the public
Money market mutual fund balances are not included in either M1 or M2.
Explanation:The item not included in either M1 or M2 is a. Money market mutual fund balances. M1 and M2 are measures of money supply in an economy. M1 includes currency held by the public, checkable deposits, and traveler's checks, while M2 includes M1 plus savings deposits, small-denomination time deposits, and retail money market mutual fund balances.
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In the context of M1 and M2, which are classifications of money supply, money market mutual fund balances do not fall under either category as they are considered investments, not liquid forms of money.
Explanation:In the context of economics and finance, the money supply (M1 and M2) represents different classifications of money based on liquidity. M1 includes the most liquid forms of money such as currency in circulation and checking deposits. M2 includes all components of M1, as well as those that are slightly less liquid such as savings accounts and non-institutional money-market funds.
In the list of items provided, money market mutual fund balances are not included in either M1 or M2. This is because this specific type of fund is considered an investment and does not possess the same liquidity as cash, checking deposits, or savings deposits, which are all considered forms of money in M1 or M2.
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Hemingway Corporation has 100,000 shares of common stock issued and outstanding. At the meeting of the board of directors on December 1, 2018, the board voted to declare a cash dividend of $5 per share to be paid on December 31, 2018, to shareholders of record as of December 16, 2018. Complete the necessary journal entry on the date of declaration by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
Answer:
The journal entry for the same is shown below:
Explanation:
Retained earnings A/c.............Dr $500,000
Dividends payableA/c..........Cr $ 500,000
Cash dividend is declared by the board on 100,000 shares, therefore, the account of retained earnings is debited whereas the account of dividend payable is credited.
Working Note:
Amount = Shares × Price per share
where
Shares is 100,000
Price is $5 per share
= 100,000 × $5
= $500,000
Debit Credit
Cash 100,000 x 5 $ 100,000
Common Stock (100,000 x $ 5) $ 500,000
Paid Up Capital Exceeds the Value Set (100,000 x $ 5) $ 500,000
Further Explanation
Shares are securities or books which are a sign of ownership or equity participation in a company.
Stocks usually take the form of a piece of paper as proof. Shares can be obtained from the company concerned directly or from previous parties through the stock exchange (stock market).
Book Value of Shares
The book value of shares is the value of shares according to the company's books. The book value of the shares is obtained from the value of the remaining assets after deducting the company's liability if the shares are distributed. The book value shows the guarantee or how big the function of shares owned by investors. Some values related to book values include:
Nominal value is the value determined by the company for its shares. Agio share is the difference in price from an investor's payment to the company minus the nominal price of the stock. Capital value is the total amount paid by shareholders to the company, in the form of nominal value + share capital. Retained earnings are profits not distributed to shareholders which are used for investment as a source of internal company funds.Cash Flow for Shareholders:
If you buy shares, you can get cash in two ways, namely:
The company pays dividends We sell shares (to other investors in the capital market or to issuers/companies that sell their shares to the public) Like bonds, stock prices are the present value of expected cash flows.
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Common Stock brainly.com/question/13513598
Values of Shares brainly.com/question/13024270
Detail
Class: College
Subject: Business
Keyword: Stock, Journal, Debt-Credit
Max purchased a guitar for a total of $624, which consisted of the price of the guitar and the sales tax. Was the sales tax rate greater than 3 percent? The price of the guitar that Max purchased was less than $602. The sales tax for the guitar that Max purchased was less than $30.
Answer:
Yes the sales tax is higher than 3%, it is actually 3.65%.
Explanation:
If the price of the guitar that Max bought was $602 (without taxes) and he ended up paying $624 with taxes, then the taxes were $22 (= $624 - $602). The $22 represent 3.65% [= ($22 / $602) x 100] of the guitar's price, and yes it is less than $30.
Miller’s Dairy produces 960 gallons of milk per day. Each milker at the dairy works 8 hours per day and produces the same number of gallons of milk per hour. If the Dairy’s productivity is 12 gallons of milk per hour of labor, then how many milkers does the shop employ?a. 8b. 10c. 80d. 120
Answer:
The correct answer is option b.
Explanation:
A dairy is producing 960 gallons of milk per day.
Each milker works 8 hours and produces the same amount of milk.
For per hour of labor the diary produces 12 gallons of milk.
Quantity of milk produced by a labor in 8 hours
= [tex]Production\ in\ one\ hour\times No.\ of\ hours[/tex]
= [tex]12\times 8[/tex]
= 96 gallons
The number of workers required to produce 960 gallons per day
= [tex]\frac{Total\ daily\ Production}{Daily\ production\ by\ each\ labor}[/tex]
= [tex]\frac{960}{96}[/tex]
= 10 workers
To determine the number of milkers employed at Miller's Dairy, divide the total daily milk production by the productivity per hour, and then divide the result by the number of hours each milker works. The calculation yields 10 milkers as the correct answer.
Explanation:To calculate the number of milkers employed by Miller's Dairy, you can use the information given about the dairy's productivity and the total production. Miller's Dairy produces 960 gallons of milk per day. With each milker working 8 hours per day, and the dairy's productivity being 12 gallons of milk per hour of labor, we can find the total number of hours of labor required to produce 960 gallons in a day:
960 gallons per day / 12 gallons per hour = 80 hours of labor per day
Now, since each milker works for 8 hours a day, we can find the number of milkers by dividing the total hours of labor by the number of hours each milker works:
80 hours of labor per day / 8 hours per milker per day = 10 milkers
Therefore, the correct answer is b. 10 milkers.
The Federal Reserve uses various measures to change the money supply and encourage economic activity. This is referred to as
A) fiscal policy.
B) monetary policy.
C) demand economics.
D) supply side economics.
Answer:
B) monetary policy.
Explanation:
The federal reserve is a central bank and whenever a central bank uses various measures to change the quantity of money or money supply it is regarded as monetary policy. The fed can change money supply by changing interest rates or quantitative easing and all of this comes under monetary policy.
Answer:
Monetary policy
Explanation:
Alpha Colony and Beta Colony both manufacture textiles and technology. Alpha Colony always produces higher quality textiles and technology with fewer raw materials and in less time than Beta Colony. Which statement would explain the reason why Alpha Colony has an advantage over Beta Colony?
A. Alpha Colony has a comparative advantage because it chooses not to export its manufactured goods to other colonies.B. Alpha Colony has a comparative advantage because it chooses to ignore the opportunity cost of using more raw materials.C. Alpha Colony has an absolute advantage because it has an established manufacturing infrastructure and trained workers.D. Alpha Colony has an absolute advantage because it has more farms and mines to produce raw materials needed for its products.
Answer:
C. Alpha Colony has an absolute advantage because it has an established manufacturing infrastructure and trained workers
Explanation:
Absolute advantage is when a country produces more efficiently than its trading partners.
Comparative advantage is when a country has a lower opportunity cost in production when compared with its trading partners.
Alpha Colony always produces higher quality textiles and technology with fewer raw materials and in less time than Beta Colony. Therefore, alpha colony has an absolute advantage because it produces more efficiently than beta colony.
Established manufacturing infrastructure and trained worker explain the absolute advantage because these factors ensures efficient use of materials and lessens production time.
I hope my answer helps you.
All the best
Use the following example to answer the following questions: Imagine that Stella deposits $25,000 in currency (which she had been storing in her closet) into her checking account at the bank. Assume that thisinstitution has a required reserve ratio of 25 percent. As a result of this deposit, by how much will the bank's excess reserves increase?
A) $31,250
B) $100,000
C) $25,000
D) $18,750
Answer:
Excess reserves = $18750
so correct option is D) $18,750
Explanation:
given data
Stella deposits = $25,000
reserve ratio = 25 percent
to find out
how much will the bank's excess reserves increase
solution
we get here first required reserves that is express as
required reserves = deposits × reserve ratio ....................1
put here value we get
required reserves = $25000 × 25%
required reserves = $25000 × 0.25
required reserves = $6250
and
excess reserve will be here as
Excess reserves = deposits - required reserves ......................2
put here value
Excess reserves = $25000 - $6250
Excess reserves = $18750
so correct option is D) $18,750
Frictional unemployment is the result of
a. a slowdown in the economy.
b. the ups and downs in inflation.
c. a persistent mismatch between the skills and characteristics of workers and the requirements of the jobs.
d. the search process of matching workers with jobs.
Answer:
d. the search process of matching workers with jobs.
Explanation:
Frictional unemployment is also called "Search Unemployement" is base on the individual's circumstances and is independent of the economy. Commonly is the time "between jobs" when the person is searching for a new job or transitioning from one job to another. This is a temporary unemployement and it can be though like a good sign for the economy since it idemonstrates that people are looking a better job that the one they had before.
Frictional unemployment is the result of a persistent mismatch between the skills and characteristics of workers and the requirements of the jobs. It is caused by the search process of matching workers with jobs.
Explanation:Frictional unemployment is caused by a persistent mismatch between the skills and characteristics of workers and the requirements of the jobs. It occurs when individuals are in the process of changing jobs or entering the workforce. Frictional unemployment is a natural part of any healthy economy and can result from individuals searching for better job opportunities or gaining new skills.
For example, if a worker decides to leave their current job to explore a better opportunity, they might experience a period of frictional unemployment. During this time, they are actively searching for a new job that aligns with their skills and interests.
In summary, frictional unemployment is caused by the search process of matching workers with jobs. It is not necessarily a negative aspect of the economy and can be seen as a sign of a dynamic job market where individuals have opportunities to find better matches for their skills and interests.
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Kyrie expects to receive a $650,000 cash benefit when he retires 10 years from today. His employer has offered an early retirement package to Kyrie. If Kyrie retires immediately the company will pay him $340,000 today. Assume an appropriate discount rate is 6%. What is the present value of the future retirement benefit and should he accept the offer to retire immediately?
Answer: If he retires 10 years from now he will receive a retirement benefit of $650,000 and if he retires today he will receive $340,000 today, we need to find out if 650,000 is discounted at 6% for 10 years will its present value be more or less than 340,000. If the present value of 650,000 10 years from now discounted at 6% will be more than 340,000 he should not retire immediately and if the present value is less than 340,000 he should retire immediately.
Present Value = Future Value/(1+Rate)^Number of periods
Future Value = 650,000
Number of periods = 10
Rate = 6%
Present Value = 650,000/1.06^10
Present Value=362956
The present Value of 650,000 is more than 340,000 which means that Kyrie should not retire immediately.
Explanation:
The CPI for this year is calculated by dividing thevalue of all goods and services produced in the economy this year using this year’s prices by thevalue of all goods and services produced in the economy this year using the base year’s prices and multiplying by 100. However, the GDP deflator reflects only the prices of all goods and servicesbought by consumers .
The CPI is a measure of inflation based on a basket of goods and services that the average consumer purchases. On the other hand, the GDP deflator is an economic measure that observes the average prices of all goods and services included in the economy and accounts for what is actually purchased in a given year.
Explanation:The Consumer Price Index (CPI) is a measure of inflation calculated based on the price level from a fixed basket of goods and services that represents the average consumer's purchases. The CPI is used to observe the price changes of a typical basket of goods and services over time, providing a measure of the cost of living. This value is calculated by dividing the value of all goods and services produced in the economy for the current year, using current year’s prices, by the value of all those goods and services but using the base year’s prices, and it multiplied by 100.
Contrarily, the GDP deflator is an economic metric that converts output measured at current prices into constant-dollar GDP. This Price Index measures the average prices of all goods and services included in the economy. The GDP deflator picks up prices of what is actually purchased in that year, making it unbiased. This reflects prices for all goods and services produced domestically, not just those bought by consumers, thereby providing a broader measure of price changes in an economy.
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The GDP deflator measures inflation by averaging prices of all domestically produced goods and services, while the CPI focuses on a fixed basket of goods and services consumed by households, including imported items. The different scopes of these two indices make them suitable for different economic analyses and policy-making.
GDP Deflator vs CPI
The GDP deflator and the Consumer Price Index (CPI) are both important economic indicators used to measure inflation. While the CPI calculates the change in the price of a basket of goods and services purchased by households, including imported goods, the GDP deflator reflects average prices of all new, domestically produced, final goods and services in an economy. The GDP deflator is calculated using the formula where Nominal GDP is divided by Real GDP and multiplied by 100, thus tracking inflation by considering the goods and services that compose the Gross Domestic Product (GDP).
The CPI is the more familiar measure to the general public and tends to capture the day-to-day inflation experienced by consumers. However, some items, such as military equipment like stealth bombers, do not affect the CPI because they are not typically purchased by households, yet they do influence the GDP deflator. Conversely, imported goods count towards the CPI but not the GDP deflator.
Both indices are useful for measuring inflation, but they have different applications with the CPI adjusting for the real value of wages and pensions, while the GDP deflator providing a broader indication of inflation within an economy by encompassing all goods and services produced domestically.
Lenny has just finished writing a news release about a new product that his firm has developed. He intends to send it to all of the local radio stations as well as the newspapers in several nearby towns and cities, in hopes that some of them will find the information newsworthy and run a story about the product. Lenny's efforts indicate that he is involved in a form of _______.
Answer:
public relations known as publicity.
Explanation:
Based on the information provided within the question it can be said that Lenny's efforts indicate that he is involved in a form of public relations known as publicity. This basically refers to a company's presence in the media. This can include television news outlets, newspapers, or even radio. The last of which is the case in this scenario since Lenny sent the news release about the new product to all the local radio stations.
Cheyenne has a home insured for $300,000. It would cost $320,000 to rebuild her home. If she has home insurance that provides personal property coverage at 70% of value, how much of her household belongings would be covered?a $320,000
b $224,000
c $300,000
d $120,000
e $210,000
Final answer:
Cheyenne's home insurance provides personal property coverage at 70% of the $300,000 insured value. The calculation is 0.70 multiplied by $300,000, giving a coverage of $210,000 for personal belongings.
Explanation:
Cheyenne's home insurance policy offers personal property coverage at 70% of the home's insured value. To calculate the personal property coverage amount, we will use the insurance value of the home, which is $300,000, rather than the rebuild cost ($320,000).
The calculation for Cheyenne's personal property coverage is as follows:
Coverage percentage: 70% Home's insurance value: $300,000 Covered personal property amount = 0.70 * $300,000Let's do the math:
Covered personal property amount = 0.70 * $300,000
= $210,000
Therefore, the amount of Cheyenne's household belongings that would be covered by the insurance policy is $210,000. The correct answer is (e) $210,000.
John belongs to a labor union. He believes a few key people run the union by meeting secretly and making decisions without informing other members or allowing them to fully participate in the meetings. If John's suspicions are correct, the union is violating provisions of the __________ Act.
A) Landrum-Griffin
B) Fair Labor Standards
C) Taft-Hartley
D) Wagner
Answer:
The correct answer is A) Landrum-Griffin .
Explanation:
U.S. Law Against union corruption. With the official title of the Labor-Employer Information and Disclosure Law, you will have federal laws for union representatives that will embezzle the organization's funds or prevent union members from exercising their legal rights. The law was requested in response to Senate investigations that highlighted links between workers and organized crime. Among its provisions was the strict prohibition of exercising the secondary boycott (trade union initiative aimed at preventing an employer from dealing with another employer who is in turn subject to a strike or boycott) and greater freedom for each state in the country set the conditions of labor relations within its limits.
Bramble Inc. reported total assets of $2405000 and net income of $331000 for the current year. Bramble determined that inventory was overstated by $23500 at the beginning of the year (this was not corrected). What is the corrected amount for total assets and net income for the year?
With an inventory overstatement of $23,500, the corrected total assets for Bramble Inc. would be $2,381,500, and the corrected net income would be $307,500 for the current year.
Explanation:When correcting for an overstatement of inventory, both total assets and net income must be adjusted. Given that Bramble Inc. initially reported total assets of $2,405,000 and net income of $331,000, we must subtract the amount by which inventory was overstated at the beginning of the year, which is $23,500.
Therefore, the corrected total assets amount would be $2,405,000 - $23,500 = $2,381,500.
Similarly, an overstatement of inventory would have resulted in an overstatement of net income since the cost of goods sold would have been understated. As such, the corrected net income would be $331,000 - $23,500 = $307,500.
At year end, Smith Corporation has Cash of $12,000, current Accounts Receivable of $24,000, Merchandise Inventory of $3,000, and Prepaid Expenses totaling $5,000. Liabilities of $20,000 must be paid next year.
What is the acid-test ratio?
Answer:
1.8
Explanation:
Financial Statements depicts the financial position of a firm at a particular point of time or specified date. The users of financial statements use various types of analysis to understand or compare the current financial statements of the company to prior years or with those of the competitors.
‘Ratio Analysis’ is used to analyze the performance of a company. It is used to analyze the liquidity, profitability, solvency and operational efficiency of the company.
Given:
Cash = $12,000
Accounts receivable = $24,000
Current liabilities = $20,000
Acid test ratio is also known as quick ratio. It is the ratio of quick assets to current liabilities.
Quick assets = Cash + Accounts receivable
Quick assets = $12,000 + $24,000
Quick assets = $36,000
Now, acid test ratio or quick ratio can be calculated as:
Quick ratio = [tex]\frac{Quick assets}{Current liabilities}[/tex]
Quick ratio = [tex]\frac{36,000}{20,000}[/tex]
Quick ratio = 1.8