Answer: Option (B) is correct.
Explanation:
If the price of a commodity decreases, as a result purchasing power of a consumer increases. This is one of the reasons why the AD curve slopes downward.
Suppose there is a fall in the price of a commodity, this will increase the demand for that commodity as well as the purchasing power of the consumer.
Because with a lower price of the commodity, individuals can buy more quantity of goods with the same level of income.
The AD curve, or Aggregate Demand curve, slopes downward Price level falls, purchasing power rises
Explanation:The correct answer to your question is B. Price level falls, purchasing power rises. In economics, the AD curve, or Aggregate Demand curve, slopes downward. This occurs due to the wealth effect, which suggests that as price levels decrease, the real value or purchasing power of money held by consumers increases, leading to increased consumption, and thereby increasing aggregate demand.
Simply stated, when the price levels fall, consumers are able to buy more goods and services with the same amount of money. This means the purchasing power increases as they can now afford more things than they could before.
It's important to note that other elements such as interest rates and the exchange rate effect also play a role in the downward slope of the AD curve, but purchasing power is one of the key factors.
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If the budget deficit increases, then a. U.S. residents will want to purchase fewer foreign assets and foreign residents will want to purchase fewer U.S. assets b. U.S. residents will want to purchase more foreign assets and foreign residents will want to purchase more U.S. assets c. U.S. residents will want to purchase fewer foreign assets and foreign residents will want to purchase more U.S. assets d. U.S. residents will want to purchase more foreign assets and foreign residents will want to purchase fewer U.S. assets
Answer: Option (c) is correct.
Explanation:
If the budget deficit increases, then U.S residents will want to purchase fewer foreign assets and foreign residents wants to buy more of U.S assets.
The budget deficit in the economy has to be financed either by borrowing or by increasing taxes. This budget deficit occurred because of the tax cuts and higher government spending.
If a country running a budget deficit, which lead to reduction in national saving. We all know that interest rate is determined in the loan market, where savers supply the loans to the private borrowers.
So, if there is a fall in the national saving, this will also impact the supply of loans from savers, which raises the interest rate in an economy.
This will attract the foreign flow of capital. This means that demand for domestic assets increases because of the higher interest rate.
Therefore, U.S. residents will want to purchase fewer foreign assets and foreign residents will want to purchase more U.S. assets.
Final answer:
If the budget deficit increases, U.S. residents will want to purchase fewer foreign assets and foreign residents will want to purchase more U.S. assets due to higher domestic interest rates, attracting foreign financial capital and appreciating the U.S. dollar.
Explanation:
When a government's budget deficit increases, it typically raises the domestic interest rate due to increased demand for financial capital. This, in turn, attracts foreign financial capital and appreciates the exchange rate due to an increased demand for U.S. dollars by foreign investors and reduced supply of U.S. dollars. Consequently, U.S. residents will find U.S. bonds more attractive and purchase fewer foreign assets, while foreign residents, attracted by higher interest rates, will want to purchase more U.S. assets.
Therefore, the correct answer to the question 'If the budget deficit increases, then...' is c. U.S. residents will want to purchase fewer foreign assets and foreign residents will want to purchase more U.S. assets.
This is because the increased budget deficit leads to higher demand for domestic financial capital, resulting in increased interest rates, which then stimulates inflows of foreign investment and changes in the exchange rate — appreciating the U.S. dollar and potentially leading to a larger trade deficit.
How much is it to open a checking account
Your question asks how much is it to open a checking account.
Answer: You usually don't pay to open a checking account, but mostly would need to put in a minimum deposit.Most of the time, banks don't charge a customer to open up their own checking account, due to the fact that people are going to use that account to make deposits and withdrawals anyways. If banks were to charge people to open an checking account, people would not choose that bank to hold their money.
Most of the time, banks do not charge customers to open a checking account, but they require customers to put a minimum deposit in the account. The minimum deposit could be around $25 or higher. Banks do this in order to maker sure that the customer has funds in the account so they're technically using it, rather than having a customer open up a checking account and not use it at all.
I hope this helps!Best regards,MasterInvestorDow Corp. bought a truck for $80,000 on January 1, 2018. They installed a rear hydraulic lift for $10,000 and paid sales tax of $4,000. In addition, Dow Corp. paid $3,000 for a one-year insurance policy. They estimate the useful life of the truck to be 10 years and its residual value $12,000. If Dow uses the double declining method of depreciation, what is the depreciation expense for 2019?
The depreciation expense for 2019 for Dow Corp.'s truck using the double declining method is $15,040. This is calculated by applying a 20% depreciation rate on the book value of the truck at the beginning of 2019, which is $75,200 after accounting for the first year's depreciation in 2018.
Explanation:The subject of this question is related to accounting in a business context, specifically focusing on the calculation of depreciation expense using the double declining balance method. The calculation involves determining the book value of the asset at the beginning of the year and then applying the double declining balance depreciation rate.
To calculate the depreciation expense for 2019 for Dow Corp.'s truck, we first need to determine the depreciable base, which includes the cost of the truck, the hydraulic lift, and the sales tax, but not the insurance as it is an expense, not a capital improvement. The total depreciable base is $80,000 (cost of the truck) + $10,000 (cost of hydraulic lift) + $4,000 (sales tax) = $94,000. The double declining method involves doubling the straight-line depreciation rate, which is 1 divided by the useful life of the asset. The straight-line rate for a 10-year useful life is 10%, so the double declining rate is 20%.
First-year depreciation for 2018 would be 20% of $94,000, which equates to $18,800. The book value at the beginning of 2019 is thus $94,000 - $18,800 = $75,200. The depreciation expense for 2019 is 20% of $75,200, which is $15,040.
Note that we subtract the salvage value at the end of the asset's useful life, not during annual depreciation calculations. Therefore, the depreciation expense for 2019 for the truck is $15,040.
Stephanie would like to study abroad for a year before graduating from college. She would like to live someplace that is close to her native country of Ireland in terms of development because she will need to use the Internet for many of her classes. She can choose from programs in three countries. What could she use to measure the economic performance of the three countries?A. Productivity and Gross Domestic Productivity.B. Marketing measures.C. Gross Domestic Product.D. Accounting processes.
Answer:
C. Gross Domestic
Explanation:
To study the level of development of a nation it is necessary to observe its main economic and social indicators. The main indicator is GDP, which measures the sum of a nation's wealth produced over a given period of time. She could also analyze the HDI, as this indicator measures the quality of life in the country.
Kingston anticipates total sales for June and July of $420,000 and $398,000, respectively. Cash sales are normally 60% of total sales. Of the credit sales, 20% are collected in the same month as the sale, 70% are collected during the first month after the sale, and the remaining 10% are collected in the second month after the sale. Determine the amount of accounts receivable reported on the company’s budgeted balance sheet as of July 31.
Answer:
Accounts Receivable reported on the company’s budgeted balance sheet as of July 31 = $144,160
Explanation:
Credit sales = 40% of Total sales for the month.
Provided the accounts receivable shall be collected as follows:
20% in the same month
70% in next month
10% in the second next month
Now balance outstanding at the end of July of accounts receivable shall be:
Credit Sales for June = $420,000 X 40% = $168,000
Out of which 20% is collected in June itself.
70% in July and only 10% is outstanding = $168,000 X 10% = $16,800
From the sale of July we have
20% paid in the month itself
Remaining 80% is outstanding
Credit sales = $398,000 X 40% = $159,200
Outstanding at month end = $159,200 X 80% = $127,360
Net outstanding at 31 July = $16,800 + $127,360 = $144,160
The amount of accounts receivable reported on Kingston's budgeted balance sheet as of July 31 is calculated by considering the percentage of credit sales and time taken to pay. After calculation, Kingston anticipates reporting $177,760 in accounts receivable as of July 31.
Explanation:To determine the amount of accounts receivable reported on the company’s budgeted balance sheet as of July 31, we need to figure out the uncollected money from credit sales.
The total sales in June and July are $420,000 and $398,000, respectively. First, we find the credit sales which are 40% of the total. For June, it is $168,000 (40% of $420,000). For July, it is $159,200 (40% of $398,000).
Now, let's find the uncollected amounts:
For June's sales, 30% is still uncollected in July (10% to be collected in the second month after the sale). This is $50,400 ($168,000 * 30%). For July's sales, 80% remains uncollected at the end of July (70% for the first month after the sale and 10% for the second month). This is $127,360 ($159,200 * 80%).Adding these, we find that Kingston anticipates reporting $177,760 in accounts receivable as of July 31 ( $50,400 + $127,360 ).
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Thyme, Inc. owns 16,000 of Sage Co.'s 20,000 outstanding common shares. The carrying value of Sage's equity is $500,000. Sage subsequently issues an additional 5,000 previously unissued shares for $200,000 to an outside party that is unrelated to either Thyme or Sage. What is the total noncontrolling interest after the additional shares are issued?
Answer:
The total non controlling interest after the additional shares are issued is equal to $252,000.
Explanation:
Before the issue Sage co's had 20,000 shares with total equity value of $500,000. After the issue of 5000 shares worth $200,000, the total number of shares and equity would be -
Total number of shares = 25,000 ( 20,0000 + 5000 )
Total equity value = $700,000
Now Thyme inc owns 16,000 number of shares , which means that minority holds 9000 number of shares . Now the price per share would be =
TOTAL EQUITY / NUMBER OF SHARES
$700,000 / 25,000
= $28
NON CONTROLLING INTEREST = Minority shares x Price per shares
= 9000 x $28
= $252,000
The noncontrolling interest of Sage Co. after Thyme Inc.'s ownership is diluted by the issuance of new shares remains at 20%, which translates to 5,000 of the total 25,000 shares.
The noncontrolling interest in a company represents the ownership stake of the minority shareholders who do not have control over the company's operations, which is usually anyone owning less than 50% of the company's equity. To calculate noncontrolling interest after new shares are issued, we look at the percentage of the company that is owned by the minority shareholders.
In this scenario, Thyme, Inc. owns 16,000 of Sage Co.'s original 20,000 common shares, or 80%. After Sage issues 5,000 new shares to an outside party, the total number of shares becomes 25,000. Thyme's ownership is diluted to 16,000/25,000 = 64%. Noncontrolling interest initially owned 4,000 out of 20,000 shares which is 20%. But since new shares are issued to other parties and not noncontrolling interests, the percentage interest of the noncontrolling interest remains the same but the denominator now changes to the new total of 25,000 shares.
Therefore, the total noncontrolling interest after the additional shares are issued would be 20% of Sage Co., which translates to (25,000 shares * 20%) = 5,000 shares.
Real estate agents promoting a new recreational development offer a free breakfast and the opportunity to win a trip to Hawaii for attending a short sales promotion meeting. It would appear they are using the _______________ persuasion technique.
Answer:
Here the real estate gents are using the rule of reciprocity persuasion technique.
Explanation:
Reciprocity is one of the persuasion technique , and reciprocity is also know a s one of the important principles of influence. According to the rule of reciprocity, people usually hates it when they feel indebted to others, so when people receives any favors from others they feel obliged to return those favors.
Same thing is happening here as real estate agents are trying to return favor to the people who are going to attend their sales promotion meeting.
Global Company purchased merchandise on account from Planet Company for $56,000 with terms 1/15, net 45. Global Company returned $6,000 of the merchandise and received full credit from Planet Company. What will be included in the journal entry for the payment (assume that the amount due was paid within the discount period)?
Answer:
cash 49,500 debit
discount 500 debit
account receivable 50,000 credit
Explanation:
account receivable 56,000
sales revenue 56,000
to record sales
returns 6,000
account receivable 6,000
to record return of goods
56,000
-6,000 return
50,000 account receivable
x1% discount 500 (payment within discount period)
50,000 - 500= 49,500 cash proceed
Carla just started her new job working at the Department of Commerce. In order to see whether Carla “knows her stuff,” her boss asks her to put together a presentation on the current state of the economy. What is one of the economic indicators Carla could look at?
Answer: one key indicator that Carla could look at is the inflation rate.
Explanation:
The inflation rate is a really important factor when economists want to assess the economic state of a nation.
Carla can use the unemployment rate as an economic indicator to evaluate the state of the economy. This data, along with other factors like production and prices, can be found in the work of the Bureau of Labor Statistics.
Explanation:One economic indicator that Carla could look at is the unemployment rate. The unemployment rate measures the percentage of the total labor force that is unemployed but actively seeking employment. In terms of macroeconomics, this indicator can give Carla insights into the state of the economy as a whole.
Economic researchers at the Bureau of Labor Statistics publish a wide array of surveys and reports that provide a more nuanced and complete view of the labor market, notwithstanding certain imperfections. While the unemployment rate gets most public attention, the Bureau also collects data on factors such as production and prices which cumulatively provide necessary insights into the state of the national economy.
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Which of the following could not prevent a market from becoming perfectly competitive?
excessive information
problems accessing necessary technology
high start-up costs
lack of technological know-how
Answer:
The answer is excessive information.
Explanation:
Excessive information is the only option in the question that does not lead to a market from becoming perfectly competitive. If anything, lack of information on how to enter the market creates this problem - since business firms would have difficulties entering the market if they don't know how to get the needed products or how to acquire the market segment. High start-up costs, lack of technological know-how, and problems accessing necessary technology, on the other hand, might lead a market to become more monopolistic, or even an oligopoly.
Providing worker training on the safe use of the equipment being operated is the responsibility of the:
O A. Employer
O B. Worker
O C. State OSHA consultation
O D. Qualified person
Answer:
Providing worker training on the safe use of the equipment being operated is the responsibility of the: employer - A.
The three contemporary management perspectives are the ______ viewpoints. Multiple Choice quality management, behavioral, and customer systems, scientific, and contingency systems, contingency, and quality management diversity, quantitative, and qualitative contemporary, noncontemporary, and behavioral
Answer:
B) systems, contingency, and quality management
Explanation:
The three contemporary management perspectives are the systems, contingency, and quality management viewpoints.
The three contemporary management perspectives are the functional perspective, symbolic interactionist perspective, and conflict perspective.
Explanation:The three contemporary management perspectives are the functional perspective, symbolic interactionist perspective, and conflict perspective.
The functional perspective focuses on hierarchical roles within an organization, while the symbolic interactionist perspective takes a more holistic view. The conflict perspective addresses large-scale issues facing groups, while also examining more detailed aspects.
These perspectives provide different viewpoints and frameworks for understanding management and organizational behavior.
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Hannah is an HR specialist at an investment firm, and she is responsible for conflict management. She believes that conflicts should be resolved in a way that is beneficial to all involved. Therefore, when a conflict arose between the heads of the finance department and the legal department over the shared use of an employee, she came up with a schedule that allowed both the departments to use the expertise of the employee without hindering each other's schedules. In the context of the various ethical decision-making approaches, Hannah's beliefs and actions are consistent with those asserted by the ___.
Answer:
Utilitarian approach
Explanation:
José, the sales manager for a software development firm, is working on the problem of increasing sales by using the rational model of decision making. In the first step he identified the problem of his employees needing more training. In the second step he thought of alternative solutions; and in the third step he evaluated alternatives and selected a solution. José needs to _____ in the fourth and final step.
Answer:
Implement the selected alternatives
Explanation:
The decision making process is divided in 4 rational steps:
1. Identify the existing problem: know what is the difficulty that is being presented, it involves all what is being affected.
2. List possible solutions for the existing problem: here the person lookfl for all the possible ways to solve a problem and the different variables that are being affected.
3. evaluate and select the most beneficial alternative: in this step the person foresee the results of each alternative and choose the once that would work in the best way.
4. Implement the alternative that was selected: it implies the work of every person involved in the results, follow the plan and the improvement of the initial problem.
Sometimes it is added a 5th step, the feedback and evaluation of the implemented alternative to know if the problem was fully solved.
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Zelda’s day consists of checking her e-mail, holding meetings, and organizing and reviewing text. Which Arts, A/V Technology, and Communication career pathway is Zelda working in?
A.Printing Technology: a career that focuses on performing for and communicating with others
B.Journalism: a career that combines technologies to make video recordings possible
C.Journalism: a career that reports information to the public
D.Printing Technology: a career that allows people to express themselves through art
Answer:
B.Journalism: a career that combines technologies to make video recordings possible
Answer:
B. Journalism: a career that combines technologies to make video recordings possible
Explanation:
Zelda’s day consists of checking her e-mail, holding meetings, and organizing and reviewing text. Zelda is working in Journalism and it is Arts, A/V Technology, and Communication career pathway. Jounalism is a career that combines technologies to make video recordings possible.
Which dr. Seuss book has sold the most copies worldwide?
Answer:
Green eggs and ham
Explanation:
he sold over 8,100,000 coppies
KAM Corp. has identified two sets of codes for its employees—a code of conduct that all employees are expected to follow in action, and a code of ethics, which consists of the core values of the company. Which of the following is likely to be included in the code of ethics and not in the code of conduct?
Answer: Expectations of loyalty and integrity
Explanation:
A Code of Ethics is a guide of principles designed to help professionals manage their businesses.
Suppose you must estimate the cost of equity for a firm, and you have the following data: rRF = 5.5%; rM – rRF = 6%; b = 0.8; D1 = $1.00; P0 = $25.00; g = 6%; and rd = the firm's bond yield = 6.5%. What is this firm's cost of equity using the bond-yield-+-risk-premium approach? Use a 4% judgmental risk premium in your calculation.
Answer:
rd+premium = 10.5%
using CAPM = 10.3%
Explanation:
Under bond-yield+ risk-premium approach
This method simply propose to add the bond yield with the estmated risk premium:
0.065 + 0.04 risk premium = 0.105
[tex]Ke= r_f + \beta (r_m-r_f)\\\\Where:\\r_f =$ risk free rate\\r_m= $ market rate\\\beta =non-diversifiable \:risk[/tex]
r_f = 0.055
β = 0.8
(r_m-r_f) = 0.06
0.055 + 0.8(0.06) = 0.103 cost of capital using CAPM
Barclay enterprises manufactures and sells three distinct styles of bicycles: the youth model sells for $600 and has a unit contribution margin of $390; the adult model sells for $980 and has a unit contribution margin of $637; and the recreational model sells for $1,380 and has a unit contribution margin of $897. the company's sales mix includes: 5 youth models; 9 adult models; and 6 recreational models. if the firm's annual fixed costs total $9,360,000, calculate the firm's break-even point in total sales dollars.
Answer:
$14,400,000
Explanation:
For that sales mix, the total contribution margin will be ...
5($390) +9(637) +6(897) = $13,065
The selling price of that mix is ...
5($600) +9(980) +6(1380) = $20,100
Then the sales required to produce a contribution margin of $9,360,000 will be ...
20,100/13065 × $9,360,000 = $14,400,000
International flows of funds can affect the Fed's monetary policy. For example, suppose that interest rates are trending lower than the Fed desires. If this downward pressure on U.S. interest rates may be offset by ____ of foreign funds, the Fed may not feel compelled to use a ____ monetary policy.
Answer:
International flows of funds can affect the Fed's monetary policy. For example, suppose that interest rates are trending lower than the Fed desires. If this downward pressure on U.S. interest rates may be offset by outflows of foreign funds, the Fed may not feel compelled to use a tight monetary policy.
Explanation:
A Tight Monetary Policy is when the central bank tightens policy or makes money tight by raising short-term interest rates through policy changes to the discount rate, also known as the federal funds rate. Boosting interest rates increases the cost of borrowing and effectively reduces its attractiveness.
Outflows of foreign funds or the flight of assets occurs when foreign and domestic investors sell off their holdings in a particular country because of perceived weakness in the nation's economy and the belief that better opportunities exist abroad.
The reasoning is as follows, the rate is down in the USA so holders of assets look for better rates abroad as a consequence there is less money in the US domestic economy and automatically the rate tend to rise (remember that interest rate is the price of money). If there is less supply of something the price of that something will go up (ceteris paribus). The same thing will happen to the interest rate without the intervention of the FED.
Which of the following statements best represents the fact that I cannot put in extra hours of work because of scarcity?
a. I don’t have enough time for additional work because I need to spend time with my family and there are only so many hours in the day.
b. I don’t like going to work, so why would I work more than I have to?
c. I don’t think that overtime pay is high enough.
d. I am worried that if I work extra hours, I will get bored with my job.
e. I don’t want my coworkers to feel pressure to work more because I am working additional hours.
Answer:
Either A. or C.
Explanation:
B. is kind of rude so I wouldn't say that
D. is one of those things that "sounds like a personal problem"
E. sounds really fake
A. is really honest and thus a good plausible answer
C. is a real problem because bosses understand that you need a certain amount of money to make a living and you may not feel that the amount your getting is worth your effort.
Channels of distribution: Select one: a. that include intermediaries result in higher distribution costs than channels without intermediaries. b. should be designed to increase discrepancies of quantity between producers and consumers. c. usually do not involve conflicts as long as each channel member has profit as a goal. d. usually require longer-term planning than other market mix elements because channel decisions are more difficult to change quickly. e. are always characterized by conflict among channel members.
Answer:
d. usually require longer-term planning than other market mix elements because channel decisions are more difficult to change quickly.
Explanation:
IF you decide to use your own truck to move your product, you can't go back from that after 2 weeks, you invest time picking which truck to buy, time hiring drivers, time chequing routes, now you can just go back and make a third party do it because, you are running a lot of costs.
The channel of distribution must be set as a long-term strategy that will yield benefit through time.
Suppose you win a small lottery and have the choice of two ways to be paid: You can accept the money in a lump sum or in a series of payments over time. If you pick the lump sum, you get $2,850 today. If you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. At an interest rate of 9% per year, the winner would be better off accepting the , since that choice has the greater present value. At an interest rate of 11% per year, the winner would be better off accepting , since it has the greater present value. Years after you win the lottery, a friend in another country calls to ask your advice. By wild coincidence, she has just won another lottery with the same payout schemes. She must make a quick decision about whether to collect her money under the lump sum or the payments over time. What is the best advice to give your friend? The lump sum is always better. The payments over time are always better. It will depend on the interest rate; advise her to get a calculator. None of these answers is good advice.
Answer:
The correct answer would be option A, The lump sum is always better.
Explanation:
If I would have to give advice to my friend who is in the same situation as i was in some time back, I would recommend him to go for the Lump sum choice. This is because of the fact that the interest rate compounded in three years payment schedule will result in the less value of what I am getting today. Accepting the lump sum value in contrast with accepting the yearly payments on 9% interest rate would be better off because it has more value at present.
Which of the following statements is correct? a. Internalizing a negative externality will cause an industry to decrease the quantity it supplies to the market and decrease the price of the good produced. b. Internalizing a negative externality will cause an industry to decrease the quantity it supplies to the market and increase the price of the good produced. c. Internalizing a negative externality will cause an industry to increase the quantity it supplies to the market and decrease the price of the good produced. d. Internalizing a negative externality will cause an industry to increase the quantity it supplies to the market and increase the price of the good produced.
Answer:
The answer is (A) Internalizing a negative externality will cause an industry to decrease the quantity it supplies to the market and decrease the price of the good produced.
Explanation:
A negative externality is commonly defined as the cost that a third party (also known as consumers) must pay when they chose to be involved in a transaction. This cost is not directly incurred – rather, it is a side effect of the transaction the consumers chose to engage in. An example would be – by choosing to purchase gasoline, the consumers create an additional cost of air pollution when using the product. When an economic firm chose to internalize a negative externality – they would choose to decrease the production of the product, and the price of the goods.
United Trans Service jet costs $ 55.000.000 and is expected to fly 500.000.000 miles during its 8-year life. Residual value is expected to be zero because the plane was used when acquired. If the plane travels 50.000.000 miles the first year, how much depreciation should United Trans Service record under the units-of-production method? (Round the depreciation per unit to two decimal places.)
Answer:
Depreciation for first year = $5,500.00
Explanation:
Cost of Jet = $55,000
It is expected to fly 500,000 miles in 8 years.
There is no salvage value.
Now, since the capacity in miles is provided the depreciation expense shall be based on such capacity only, that is units of production method and straight line method shall not be followed until specified.
Provided plane travels 50,000 miles in current year
Depreciation rate = $55,000/500,000 miles = $0.11 per mile
Depreciation for current year = $0.11 X 50,000 miles = $5,500.00
Which of the following statements is correct? Federal deficits were larger in the early 2000s than in the late 2000s. Deep tax cuts always expand tax revenues and reduce the public debt. The public debt has usually declined during wartime. There is a tendency for the public debt to grow during recessions.
Answer: The correct answer is "There is a tendency for the public debt to grow during recessions."
Explanation:
When the economy of a country is in recession it indicates that economic activity decreases. When this happens, the country stops producing and selling enough goods and services to pay its debts without incurring more debt.
Final answer:
The statement that public debt tends to grow during recessions is correct, as evidenced by larger budget deficits during the early and late 2000s crises.
Explanation:
The correct statement among the options provided is: There is a tendency for the public debt to grow during recessions. This is supported by historical evidence that shows during the early 2000s, tax revenues decreased due to a recession that started in March 2001. Subsequent tax cuts and increased government spending on defense, healthcare, and social programs contributed to the return of budget deficits. Significantly large deficits were recorded during the severe recession of 2007-2009 when spending increased further, and tax revenues fell to notably low levels.
Brittany Furniture manufactures two products: Couches and Beds. The following data are available: Couches Beds Sales price $700.00 $900.00 Variable costs $350.00 $400.00 The company can manufacture two couches per machine hour and one bed per machine hour. The company's production capacity is 900 machine hours per month. What is the contribution margin per machine hour for couches based on the company's product mix?
Answer:
Contribution margin for couches is $700 per machine hour
Explanation:
Contribution = Sales Price - Variable Cost
Contribution per unit of Couches = $700 - $350 = $350
Total units in one hour = 2
Contribution per unit of Bed = $900 - $400 = $500
Total units in one hour = 1
Contribution per machine hour for couches = Contribution per unit of couches X number of units in one hour = $350 X 2 = $700 per machine hour.
Contribution margin for couches is $700 per machine hour.
The correct option is D., "$700", as the contribution margin per machine hour for couches is calculated by multiplying the contribution margin per unit by the number of units produced per machine hour.
For couches, this results in a contribution margin of $700 per machine hour, making the correct answer option D.
To determine the contribution margin per machine hour for couches, we need to understand the basic elements of contribution margin. The contribution margin for a product is calculated as the sales price minus the variable costs.For couches:
Sales price: $700.00Variable costs: $350.00The contribution margin per unit for couches is calculated as:
Contribution Margin per Unit = Sales Price - Variable CostsContribution Margin per Unit = $700.00 - $350.00 = $350.00The next step is to calculate the contribution margin per machine hour. Since the company can manufacture two couches per machine hour, we multiply the contribution margin per unit by the number of units produced per machine hour.Contribution Margin per Machine Hour = Contribution Margin per Unit * Units per Machine HourContribution Margin per Machine Hour = $350 * 2 = $700.00Therefore, the contribution margin per machine hour for couches is option D: $700.Full Question:
Brittany Furniture manufactures two products: Couches and Beds. The following data are available Sales price Variable costs Couches $700.00 $350.00 Beds $900 00 $400 00 The company can manufacture two couches per machine hour and one bed per machine hour. The company's production capacity is 900 machine hours per month What is the contribution margin per machine hour for couches based on the company's product mx?
A. $650
B. $500
C. $1,000
D. $700
Janette goes into an electronics superstore to buy a new computer. The salesperson works with her to find the right model, and she agrees to buy a new computer for $500 and a floor-model 18-inch monitor for $100. Just when she is ready to pay, the salesperson walks away for a minute and then comes back to inform her that the monitor she was ready to purchase can’t be sold for less than $125. She agrees to the extra $25 even though they had initially agreed on the $100 selling price. Janette has fallen for the ________ technique of gaining compliance. a. low-balling b. door-in-the-face c. bait-and-switch d. foot-in-the-door
Suppose your credit card issuer states that it charges a 15.00% nominal annual rate, but you must make weekly payments, which amounts to weekly compounding. what is the effective annual rate? 15.27% 16.08% 16.16% 16.56% 18.61%
Answer:
16.16%
Explanation:
The multiplier each week is ...
1 + 15%/52
So the multiplier after 52 weeks is ...
(1 +.15/52)^52 ≈ 1.1615834
This corresponds to an effective annual interest rate of 16.16%.
Answer:
16.16%
Explanation:
Given that:
A credit card issuer states that it charges a 15.00% nominal annual rate = 0.15
And which you must make weekly payments i.e weekly compounding, Therefore, there are 52 periods in a year.
The Effective annual rate (EAR) can be calculated by the formula;
[tex](EAR) = (1+\frac{annual rate}{number of periods})^{number of periods} -1[/tex]
= [tex](1+\frac{0.15}{12})^{52} -1[/tex]
∴ we have;
= (1 + 0.002885)⁵² - 1
= (1.002885)⁵² - 1
= 1.16160656 - 1
= 0.16160656
= 16.160656 %
≅ 16.16 %
∴ The effective annual rate (EAR) = 16.16%
A well-known Hollywood actress owns a home in Beverly Hills and another one on the French Riviera. She owns her own movie production company along with a large stock portfolio. The total of the different things she owns is considered her
Answer:
All these things that she owns will be considered as her wealth
Explanation:
An individual's material possessions such as land, savings, stocks and other such property is categorized as his/her wealth.
Here, the two houses, production company and portfolio stocks, all will be considered her wealth.
The salaries and wages of the person, on the other hand is considered his/her income.
A person with lot of wealth is considered wealthy.
The total of different things the actress owns, including her homes, movie production company, and stock portfolio, is considered her net worth. Net worth is the value of all assets minus any debts or liabilities.
Explanation:The total value of the different things the actress owns is considered her net worth. This includes her real estate properties in Beverly Hills and the French Riviera, the total value of her movie production company, and her stock portfolio. In general, a person's net worth is the total assets they own (such as houses, cars, companies, and stocks) minus any debts or liabilities they may have.
Learn more about Net worth here:https://brainly.com/question/12294231
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