Answer: Dead weight loss=[tex]\frac{1}{2}\times(5)\times(50)[/tex]=$ 125.
Explanation:
Dead weight loss from the tax= [tex]\frac{1}{2}\times(P_{2} - P_{1})\times(Q_{0} - Q_{1})[/tex]
where
[tex](P_{2} - P_{1})[/tex]= Amount of tax imposed per unit.
[tex]Q_{0}[/tex] = Quantity demanded before tax
[tex]Q_{0}[/tex] = Quantity demanded after tax
∵ [tex](P_{2} - P_{1})[/tex] =$5
[tex]Q_{0}[/tex] = $ 200.
[tex]Q_{1}[/tex] is computed as: [tex]\frac{total tax raised}{tax per unit}[/tex]
=[tex]\frac{750}{5}[/tex]
=$150.
∴ Dead weight loss=[tex]\frac{1}{2}\times(5)\times(50)[/tex]=$ 125.
The deadweight loss from the tax is the reduction in economic welfare as a result of fewer transactions occurring due to the tax, but the question lacks specific data to calculate the exact amount. We know that the government's tax revenue is $750 per month, indicating 150 widgets are sold after the tax. However, to find the deadweight loss, information on the changes in surplus and the specific quantity reduction is needed.
Explanation:The concept in question deals with the economic impact of taxes, focusing specifically on how a tax affects market equilibrium and the distribution of the tax burden between buyers and sellers. When a tax is imposed on widgets, it creates a wedge between the price consumers pay (Pc) and the price sellers receive (Pp). The deadweight loss refers to the reduction in total surplus resulting from the tax, which is the result of a decline in transactions in the taxed market.
The government raises revenue from the tax, but at the same time, the tax causes a deadweight loss by discouraging mutually beneficial trades that would have occurred without the tax. The quantity of widgets sold decreases, and the tax revenue is represented by the shaded area in the supply and demand diagram, calculated by multiplying the tax per unit by the quantity sold after the tax is applied.
To find the deadweight loss, we need to look at the change in surplus for both consumers and producers that results from the tax. Unfortunately, the question does not provide enough information to directly compute the deadweight loss, as information about the shapes or slopes of the supply and demand curves and the precise change in quantity sold due to the tax is necessary. However, we know that the government revenue is $750, which means that the quantity sold at the tax rate of $5 per widget is 150 widgets (since $750 divided by $5 equals 150).
In the aftermath of the 2007–2009 recession, the U.S. national debt rose to record levels as the federal government used expansionary fiscal policy to speed up the economic recovery. This led some politicians to propose a significant reduction in the size of government in order to balance the budget. Would such a policy be expansionary or contractionary in nature? What factors would determine whether or not such a policy would harm economic growth?
First, we must classify fiscal policy, which may be contractionary when the government wants to cool the economy, or expansionary when the government wants to stimulate the economy.
In the 2008 crisis, the government increased its spending to stimulate the economy, so the government adopted an expansionary fiscal policy.
However, rising spending has made the state swell. The purpose of reducing the size of the state to balance the budget is a contractionary policy aimed at reducing the state's spending.
Both policies can stimulate the economy if done at the right time. In the context of the crisis, it makes sense to increase government spending. However, after the economy improves, to stimulate the economy, the state must have a balanced budget. This is essential for attracting private investment and increasing the economy's productivity.
What is the difference between a code of ethics and a code of conduct? Question 1 options: A) A code of conduct consists of general statements that serve as principles and as the basis for rules of conduct. B) A code of ethics consists of formal statements that describe what an organization expects of its employees. C) A code of ethics is more comprehensive than a code of conduct. D) A code of conduct serves the general public. E) A code of ethics tends to elicit less debate about specific actions.
Answer:
B. A code of ethics tends to elicit less debate about specific actions.
Explanation:
A code of ethics is shorter than a code of conduct, it establishes the general principles and values that a company has. the employees of the company have to act according to this principles. The code of conduct establishes the actions and decisions that are taken according to the employees and company conducts. In general cases, the codes of ethics is the general document that gives the bases for the code of conduct.
A code of conduct is more comprehensive because it includes the rules for every specific situation that may happen in the company, but it does not serve to the general public, it is about internal procedures.
Having this in mind, when there is a problem inside the company, the ethics code does not include the kind of decision that will be taken so it elicit less debate about specific actions; the code of conduct includes the rules and procedures for the specific actions.
Please help! Will give brainliest
Megan, Uma, and Ricardo all work for the same car insurance company. Megan is a Sales Agent, Uma is an Underwriter, and Ricardo is an Accident Investigator. Which tasks do all three employees perform?
A.selling insurance policies to customers and using math and statistics to judge the level of risk a customer represents
B.using math and statistics to judge the level of risk a customer represents and using computers and other office technology
C.maintaining and organizing customer information and using computers and other office technology
D.gathering, analyzing, and documenting information about incidents and maintaining and organizing customer information
Answer:
D.gathering, analyzing, and documenting information about incidents and maintaining and organizing customer information
Answer:
DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD
DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD
DDDDDDD
DDDDDDD
DDDDDD
DDDDDD
DDDDQ
DDDD
DDDDDDDD
DDDDDDDDDDD
Explanation:
You are the Vice-President of Operations and Organizational Development. Your organization is undergoing various changes. Which approach would you use to minimize resistance to change? How could this approach increase and decrease resistance to change?
Answer: Communication approach
Explanation: Usually the employees resist change for various reasons like fear of loosing the job or superiority they enjoy in the job but most of the time it is found that the core problem is that they don't fully understand the change that is going to happen.
As the vice president, I will take full responsibility to make my employees understand what changes are coming in and how they are going to affect their jobs. I will also make provisions for their feedback, suggestions or complaints.
By communicating the aspects of changes and asking for their suggestions employees will feel participated in the change program and i might help them accepting the change.
It costs a meat-processing company $50,000 to produce 5,000 pounds of steak. The company’s cost will be $50,009 if it produces an additional pound of steak. If the company produces 5,001 pounds of steak then a. its average cost is greater than its marginal cost. b. its average cost and its marginal cost are equal. c. its average cost is less than its marginal cost. d. there is insufficient information to compute average and marginal costs.
Answer:
a. its average cost is greater than its marginal cost
Explanation:
On July 9, you purchased 600 shares of Blue Water stock for $32 a share. On August 4, you sold 100 shares of this stock for $33 a share. You sold an additional 100 shares on August 14 at a price of $34.50 a share. The company declared a dividend of $.76 per share on August 3 to holders of record as of Monday, August 17. This dividend is payable on September 15. How much dividend income will you receive on September 15? a. $304 b. $418 c. $380 d. $360 e. $456
Answer:Dividend received = $380
Explanation:
Given:
Dividend declared= $0.76
Shares purchased= 600
Shares sold= 100
The dividend income we will receive on September 15 can be computed using the following formula:
Dividend received = Dividend declared×( Shares purchased- Shares sold)
= 0.76×(600-100)
= $380.
If there is a surplus in the market for loanable funds, the resulting change in the real interest rate a. raises the quantity of loanable funds supplied and reduces the quantity of loanable funds demanded. b. reduces the quantity of loanable funds supplied and raises the quantity of loanable funds demanded c. raises both the quantity of loanable funds supplied and the quantity of loanable funds demanded. d. reduces both the quantity of loanable funds supplied and the quantity of loanable funds demanded.
Answer:
The correct answer is option b.
Explanation:
A surplus in the market for loanable funds is likely to cause a fall in the interest rate. At lower interest rate, people who need credit will demand more loanable funds. While the suppliers will provide less funds. So, the demand of loanable funds will increase and the supply will decrease.
This process will continue till excess demand will cause the interest rate to rise. The initial equilibrium will be restored eventually.
In the presence of a surplus in the loanable funds market, the real interest rate decreases, which reduces the supply of and increases the demand for loanable funds, addressing option b.
Explanation:If there is a surplus in the market for loanable funds, the resulting change in the real interest rate reduces the quantity of loanable funds supplied and raises the quantity of loanable funds demanded. This answer corresponds with option b. In an open market, when there is a surplus of loanable funds, this typically exerts downward pressure on the real interest rate.
As the real interest rate decreases, the cost of borrowing becomes cheaper, which, in turn, increases the demand for loanable funds. Conversely, the incentive for saving decreases due to lower returns on savings, which reduces the supply of loanable funds. This mechanism is how the market moves towards equilibrium, balancing supply and demand through adjustments in the real interest rate.
An American executive goes to Yemen to finalize a business deal. He hands over his documents to his Yemeni host with his left hand, which Muslims in Yemen consider unclean. Moreover, he refuses to accept the dry fruits that he is offered, a behavior that deeply offends his host. As a result, the American loses the business deal to his Australian counterpart who was better versed in Yemeni ways. The lack of understanding of _____ is most likely to have resulted in the loss of business for the American executive.
A. the business laws in Yemen
B. Yemeni ethics
C. the business trends in Yemen
D. the banking system in Yemeni
E. Yemeni culture
Answer: YEMENI ETHICS
Explanation: Ethics can be defined as the philosophical behavior of an individual governing his understanding towards moral and immoral activities.
In this case the american executive failed to understand and abide the behavior that is considered ethical in the Yemeni society. Shaking hands with left hand and not accepting dry fruits as gifts is not an illegal activity but it does resulted as an offensive action in the eyes of his host.
Answer: Its E im yemeni
Explanation:
Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of 8,638. The FICA tax for social security is 6.2% of the first $118,500 of employee earnings each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The FUTA tax rate of 0.6% and the SUTA tax rate of 5.4% are applied to the first $7,000 of an employee's pay. The amount of federal income tax withheld from her earnings was $1,433.27. Her net pay for the month is ________.
Answer:
Net Pay = Gross Pay - Federal Income Tax - FICA-SS Tax - FICA-Medicare Tax
Net Pay = $8,260.00 - $1,325.17- $512.12 - $119.77* = $6,302.94
Explanation:
To calculate Portia Grant's net pay for the month of January, deduct the various taxes from her total earnings. The net pay for the month is $5,124.62.
Portia Grant's net pay for the month of January, we need to deduct the various taxes from her total earnings. Let's break it down step by step:
Calculate the FICA tax for social security by multiplying the earnings by 6.2% (0.062). This is done on the first $118,500 of employee earnings each year. So, ($8,638 * 0.062) = $534.78.Calculate the FICA tax for Medicare by multiplying the earnings by 1.45% (0.0145). This is applied to all earnings. So, ($8,638 × 0.0145) = $125.33.Calculate the federal income tax withheld from her earnings, which is given as $1,433.27.Calculate the FUTA tax by multiplying her earnings by 0.6% (0.006) on the first $7,000 of pay. So, ($7,000 × 0.006) = $42.Calculate the SUTA tax by multiplying her earnings by 5.4% (0.054) on the first $7,000 of pay. So, ($7,000 × 0.054) = $378.Finally, calculate her net pay by subtracting the total taxes (FICA, federal income tax, FUTA, and SUTA) from her total earnings. Net pay = Total earnings - Total taxes = $8,638 - ($534.78 + $125.33 + $1,433.27 + $42 + $378).Calculating the net pay gives us $5,124.62 for the month of January.
For similar question on net pay
https://brainly.com/question/1601906
#SPJ3
Question Help After suffering two years of staggering hyperinflation, the African nation of Zimbabwe officially abandoned its currency, the Zimbabwean dollar, in April 2009 and made the U.S. dollar its official currency. Someone in Zimbabwe would have been willing to accept U.S. dollars in exchange for goods and services because A. the exchange rate was low. B. U.S. dollars were a good store of value. C. it was too expensive to keep producing a local currency. D. U.S. dollars had a lower price level.
Answer: Someone in Zimbabwe would have been willing to accept U.S. dollars in exchange for goods and services because U.S. dollars were a good store of value.
A store of value can be stated as an entity that keep its value without disparaging over the period of time.
On January 1, Ozone Inc. sells bonds with a face value of $1,000,000 and a contractual interest rate of 10% for $800,000. The bonds will mature in 10 years. Using the straight-line method of amortization, how much interest expense will be recognized in the first year?
Answer:
Interest expense for the year = $80,000
Since the contractual interest rate is of 10% on $800,000. Therefore, annual interest cost = $80,000, amortization is done on cost of bonds that is $800,000 here though the face value is $1,000,000 but since issue price is $800,000 that cost only shall be amortized in the entire period.
Interest cost is not amortized and charged every year, as an expense in income statement. And it will not depend on book value of bonds after amortization.
Therefore interest expense for the year = $80,000
According to the Huff Gravity Model, the two factors which attract consumers to a store location are: travel time for customer to get to location and the number of customers in a trade area. the attractiveness of the store's location and the time it takes to travel to the store. the size of the store and the number of customers in a trade area. travel time for customer to get to location and the distance between a customer's location and store location. the distance between customer location and store location and the number of customers in a trade area.
Answer:
The correct answer would be option B, The attractiveness of the store's location and the time it takes to travel to the store.
Explanation:
According to the Huff Gravity Model, The two factors which attract customers to a store location are the attractiveness of that store's location and the time it takes to travel to the store.
This means that according to the Huff theory, people will likely to purchase from a store which is present at a more attractive location and also the time taken to reach at that specific store is less. For example, I myself prefer going to Lulu Hypermarket over Panda Hypermarket because of the difference in the location of both the stores and also Lulu Hypermarket is more near to me than Panda Hypermarket. The location of Lulu is more attractive.
With increased access to wireless technology and lighter weight, the demand for tablet computers has increased substantially. Tablets have also become easier and cheaper to produce as new technology becomes available. 1) When consumers purchase tablet computers, the interaction and exchange occurs in the (product/factor) market, 2) while the resources used to produce the tablets are bought and sold in the (product/factor) market.
Answer: The answer is as follows:
Explanation:
(1) When the consumers buy tablet computers, so this exchange will be occurs in the product market because there is a exchange of goods and services between the two parties that the buyer of tablet computers and seller of the same. Product market refers to the market at which there is a buying and selling of goods and services.
(2) Whereas the resources that are used to produce the tablet computers are bought and sold in the factor market. Factor market refers to the market in which there is a buying and selling of inputs that are used to produce certain products.
Some people want healthy cereal that will help them lose weight or possibly prevent certain kinds of cancer. Some want presweetened cereal. Some want fruits and nuts in their cereal. Some people want whole wheat cereal while others want rice cereal. There are some who like hot cereal and others who like to eat their cereal right out of the box. The diversity of consumers for cereal is an example of ________.
Answer:
Some people want healthy cereal that will help them lose weight or possibly prevent certain kinds of cancer. Some want presweetened cereal. Some want fruits and nuts in their cereal. Some people want whole wheat cereal while others want rice cereal. There are some who like hot cereal and others who like to eat their cereal right out of the box. The diversity of consumers for cereal is an example of Market Fragmentation.
The diversity in cereal consumer preferences exemplifies market differentiation. Claims that cereal consumption causes healthy weight can be misleading without experimental evidence to show causation. Income and advertising also influence consumer demand and preferences.
Explanation:The diversity of consumers for cereal is an example of market differentiation and consumer preferences. Companies may claim a correlation between eating cereal and weight as a causation for healthy weight to promote their products. This can be a misleading cause-and-effect claim because correlations do not prove causation. Other factors may contribute to a person's weight, such as lifestyle choices or the likelihood that someone at a healthy weight may choose cereal regularly. It's essential to conduct an experiment to establish causality rather than rely on correlational studies.
Preferences are influenced by many factors such as advertising, social trends, or new experiences. Additionally, a person's income affects their demand for goods. As income increases, so typically does demand. Moreover, the role of advertising in promoting product differentiation in a market-oriented economy is a point of debate among economists. While some view the extensive variety as socially wasteful, others argue that differentiated products provide substantial benefits to consumers.
Learn more about Market Differentiation here:
https://brainly.com/question/34801836
#SPJ11
What effect will each of the following have on the demand for small automobiles such as the Mini-Cooper and Fiat 500?A. Small automobiles become more fashionable: IncreaseB. The price of large automobiles rises (with the price of small autos remaining the same): IncreaseC. Income declines and small autos are an inferior good: IncreaseD. Consumers anticipate that the price of small autos will greatly come down in the near future: decreaseE. The price of gasoline substantially drops: Cannot be determined
Answer: The explanation are as follows:
Explanation:
(A) If small automobiles become more fashionable then this will attract the consumers attention towards small automobiles. So, this will increase the demand for the small automobiles.
(B) If the price of large automobiles rises and the price of small automobiles remains the same. They both are substitute goods. So, the demand for small automobiles increases as the price of its substitute goods increases.
(C) If small automobiles are inferior good and there is reduction in the income of consumers. This will increase the demand for small automobiles as the income of the consumers decreases.
(D) If consumers anticipate that the price of small autos will greatly come down in the near future then they stop buying small automobiles today. So, the demand for small automobiles decreases because consumers waiting for the lower price in the near future.
(E) Gasoline and small automobiles are complementary goods, therefore, if the price of gasoline substantially drops, as a result demand for small automobiles increases.
The effects of change in demand for small automobiles such as Mini-Cooper and Fiat 500 in each of the following cases will be as -
When there is a change in the tastes and preferences of the consumer to consume fashionable goods, the demand for small automobiles in fashion will ultimately increase for the period. Small and large automobiles are substitute goods. If the prices of substitute increase, which is large automobiles in this case, there will be an increase in the demand for the small automobiles. Lowered consumer income will shift consumer's mentality to consume more inferior goods. Here, the demand for small autos being an inferior good will increase. If there is a mental bias in the minds of a rational consumer that the prices for small autos will be decreased in the near future then, in such case, a rational consumer will wait for prices to decrease and the demand for the current period will be lowered. Automobiles run on gasoline fuels. So, they are complimentary goods. If the costs of driving small autos is decreased, this will lead to an increase in demand for small autos. How does a change in demand for a commodity take place?A change in demand for a product is dependent on a change in various external factors like consumer's income, preferences, prices of substitutes and complimentary goods and many such factors.
In the above example, we have seen either an increase or decrease in the demand for the small autos in different conditions when it is assumed that there is no change in the prices of small autos in the current market.
Learn more about change in demand here:
https://brainly.com/question/13320101
Aiden just landed a new full time job with a great salary. He currently lives in Virginia, but his new job is in Oregon. One of the advantages of his new job, is that he will receive relocation assistance from the new company. This eases the price of moving across the country and has Aiden excited to start fresh on the West coast. This is an example of a:
Answer:
benefit in terms of monetary assistance for relocating as there will be huge cost incurred by Aiden in relocation, as this is also important to relocate as the distance is too much that daily travelling is not possible, and for him Oregon is a new city and finding an accommodation is itself challenging therefore, when company at-least reimburses such cost of relocation it turns easy and removes a burden for relocation. Further this cannot be considered as wage or perk as this is not regular in nature and will not occur permanently.
Relocation assistance is the subject of this question, which is an example of a company offering support to an employee for moving to a new location for a job.
Explanation:This is an example of relocation assistance. It is a benefit provided by a company to its employees to help cover the costs of moving to a new location for work. In this case, Aiden's new job in Oregon is offering relocation assistance to help him with the expenses of moving from Virginia to Oregon.
Learn more about Relocation Assistance here:https://brainly.com/question/34374858
#SPJ3
Please help! Will mark brainliest answer. No guesses please.
Janice is unsure about her future career path. She has grown up on her family farm, but she is also interested in medicine. Janice becomes a member of the FFA and SkillsUSA to try to learn more about the fields and decide between them. What would be more helpful to Janice?
A.not joining SkillsUSA and joining HOSA instead
B.not joining SkillsUSA and joining BPA instead
C.not joining FFA and joining BPA instead
D.not joining FFA and joining HOSA instead
Answer:
D.not joining FFA and joining HOSA instead
Answer:
D. not joining FFA and joining HOSA instead
Explanation:
Janice is unsure about her future career path. She has grown up on her family farm, but she is also interested in medicine. Janice becomes a member of the FFA and SkillsUSA to try to learn more about the fields and decide between them. Not joining FFA and joining HOSA instead would be more helpful to Janice.
In versioning, the firm makes a high-quality product, version A, and sets a high price for one market segment. The firm also degrades this product to produce version B. It offers version B for a lower price to a different segment of customers. Is there an ethical issue here
Answer:
Pricing products of different versions is not an ethical issue, but an economic one.
Explanation:
When a company decides to price a product, there are a number of factors that lead to the value that will be added to that product. In short, when pricing a product, the company will consider the costs of producing and transporting it, the quality of the product, the raw material used, the demand for that product, and the audience for which it is intended. Pricing is a strategic retail activity, especially for those dealing with a large number of products.
In the case of the company that degraded version A of a product, with the objective of launching a version B of the same product in lower quality and lower price, we can say that what happened there was a sales strategy that does not necessarily involve an ethical issue. .
The company has degraded version A of the product, to offer the same product to a less economical audience, as the version B of the product has a lower quality its price will also be lower and more accessible to the entire population, but this does not prohibit no one to buy version A, which is more expensive and with higher quality.
Bittner Company borrows $88,500 on November 1, from Harrington State Bank by signing an $88,500, 12%, 18-month note. How much interest expense should Bittner Company record on December 31 if the company uses a calendar year-end and records adjusting entries only at year-end?
Answer: the correct answer is $1,770
Explanation: Interest is calculated by multiplying the principal times the time period the note is redeemable. It is important to bear in mind that all interest are annual unless it is stated differently. This note renders 12 % annually. At December 31 two months of interests are payable and must be recognized as interest expense. Having said that the calculation is as follows:
December 31 : $88,500 * 12% *(2/12) = $1,770
Which of the following is TRUE about comparative advantage? A. Comparative advantage explains trade within nations and among nations. B. Comparative advantage explains trade among nations, but not within nations. C. Comparative advantage has nothing to do with trade among nations; it only is concerned with specialization within a firm. D. Comparative advantage explains trade within nations, but not among nations.
Answer: (A.) Comparative advantage explains trade within nations and among nations.
Explanation:
Comparative advantage refers to an economy's power to produce commodities and services at a lower opportunity cost than their trade partners. A comparative advantage gives a institution the power to sell goods and services at a lower price than its competitors.
Comparative advantage explains trade both within and among nations by suggesting specialization based on lower opportunity costs, leading to gains from trade. So, option A is correct.
The correct answer is A. Comparative advantage explains trade within nations and among nations. Comparative advantage is the principle that suggests countries or individuals should produce the goods and services for which they have a lower opportunity cost compared to others. This allows them to specialize and maximizes efficiency and productivity, leading to gains from trade. These gains are not limited to international trade but also apply to trade within a nation's borders. Therefore, comparative advantage supports the understanding of both domestic and global trade patterns, influencing decisions on whether to produce or trade for certain goods.
An open economy is one that engages in international trade through imports and exports, while a closed economy does not trade with other nations. The theory of comparative advantage is fundamental for understanding why an open economy might import bananas from Costa Rica if it is more efficient for Canada to specialize in wheat production, as an example. Each country focuses on producing goods where they have a comparative advantage, and then trading for other needed or desired goods.
Entertainment Tonight, Inc. manufactures and sells stereo systems that include an assurance-type warranty for the first 90 days. Entertainment Tonight also offers an optional extended coverage plan under which it will repair or replace any defective part for 2 years beyond the expiration of the assurance-type warranty. The total transaction price for the sale of the stereo system and the extended warranty is $3,000. The standalone price of each is $2,300 and $900, respectively. The estimated cost of the assurance-warranty is $350. The accounting for warranty wil include a
Select one:
1. debit to Warranty Expense, $900.
2. debit to Warranty Liability, $350
3. credit to Warranty Liability, $900
4. credit to Unearned Warranty Revenue, $900
Answer:
Given:
The total transaction price for the sale of the stereo system and the extended warranty is $3,000.
The standalone price of each is $2,300 and $900, respectively.
The estimated cost of the assurance-warranty is $350.
Here, in this case the warranty expenses against sale of stereo is on basis of expected expenses .
Expected expenses in future is for certainty and sum collected against this expenses. Therefore, $ 900 is gathered under assurance-warranty while no cost is incurred. Therefore, they will credit the unearned warranty revenue of $ 900
Option (4) is correct.
Sunny Pines campground, located in the Midwest, promotes the months of September and October as its value camping months. During this time, it offers reduced rates on camper rentals and campgrounds. It does this, in part, because the weather is not as favorable for camping at this time. The pricing tactic Sunny Pines is using to encourage camping during these months is most likely ______ .
Answer:
The pricing tactic used by Sunny pines to encourage camping during the months of September and October is SEASONAL DISCOUNTS.
Explanation:
Seasonal discounts are also a type of discount where customers are offered products and services at a reduced or lower price. Various business use this type of discount to boost the sale of their products and services. Sunny pines is also doing the same thing , they're offering seasonal discounts to customer for the month of September and October , when the weather is not favorable for camping, so by doing this they are trying to increase sale of their products and services in a time when usually there is not that much of customers available.
Sunny Pines campground, located in the Midwest, promotes the months of September and October as its value camping months. During this time, it offers reduced rates on camper rentals and campgrounds. It does this, in part, because the weather is not as favorable for camping at this time. The pricing tactic Sunny Pines is using to encourage camping during these months is most likely seasonal pricing.
The pricing tactic that Sunny Pines campground is using to encourage camping during the months of September and October is most likely seasonal pricing. Seasonal pricing involves adjusting prices based on the time of year, reflecting changes in demand due to factors like weather.
During September and October, the weather is less favorable for camping, which typically reduces demand. By offering reduced rates, Sunny Pines can attract more campers during this off-peak period, making it a win-win situation for both the campground and the campers looking for **value camping** opportunities.
Examples of seasonal pricing can also be seen in other industries, such as retail sales during the holidays or travel discounts during the off-season. These strategies help businesses maximize occupancy and sales throughout the year.
The following information is available for Forever Fragrance Company's Southern Territory by salesperson: Garcia Jones Total Sales $30,000 $40,000 $70,000 Variable cost of goods sold 3,600 4,800 8,400 Variable selling expenses: Promotion costs 5,000 8,000 13,000 Sales commissions 4,500 6,000 10,500 What is the contribution margin for Jones? a. $21,200 b. $35,200 c. $40,000 d. $27,200
Answer:
a. Contribution Margin = $21,200
Explanation:
Contribution margin = Sales Value - Variable Expenses
Here it is provided that
Sales for Jones = $40,000
Less: Variable Expenses
Cost of goods sols = ($4,800)
Variable Promotion costs = ($8,000)
Variable Sales Commission = ($6,000)
Net Variable Expenses = ($18,800)
Contribution Margin = $40,000 - $18,800 = $21,200
The contribution margin for Jones is calculated by subtracting the total variable costs from the total sales, resulting in $21,200. The option (A) is correct.
To calculate the contribution margin for Jones, you need to subtract the total variable cost from the total sales. For Jones, the total sales are $40,000. The variable costs include variable cost of goods sold and variable selling expenses such as promotion costs and sales commissions. Jones's costs are $4,800 for the cost of goods sold, $8,000 for promotion costs, and $6,000 for sales commissions, which totals $18,800 in variable costs.
Therefore, Jones's contribution margin can be calculated as follows:
Total Sales - Total Variable Cost = Contribution Margin
$40,000 - $18,800 = $21,200.
This means the correct answer for the contribution margin for Jones is $21,200.
Jennifer, a talented photography student, started a corporate photography business. She planned to solicit jobs from large corporations which needed pictures for their annual reports and websites. Although filling a unique niche, Jennifer needed the security that the business would thrive and that she would earn enough to support herself and her child. She also hoped that she would spend less time each day calling on potential clients and more time doing the actual shoots. As her small business consultant, which of the following suggestions would you have for Jennifer?
Jennifer should either take the risk necessary to develop a small business, or go to work for someone else.
In the beginning, it's doubtful that Jennifer will realize ease of entry, security, and good profits. She needs to make plans in the event that one or more of these does not materialize quickly.
Photographers can take pictures of a multitude of things. It's probably not good strategy to limit her business to only photographing the needs of large corporations.
Jennifer should definitely make time for herself each day so that she does not experience burn-out. If she plans well, leaping into her own business will provide her with several hours of unstructured time each day where she can perfect her craft even more.
Answer:
Photographers can take pictures of a multitude of things. It's probably not good strategy to limit her business to only photographing the needs of large corporations.
Explanation:
The specualization on a market niche is the way a company can specialize when it has enough profits or a financial support. However, starting a new business when the economical resources are not big, it is better to start working for all the potential client, in her case she should take different projects, such as parties, movie makers or any job. Then when she has enough capital, she can specialize in the big companies biche.
Demand curves slope downward because, other things held equal, A. a decrease in a product's price lowers MU. B. a decrease in a product's price raises MU per dollar and makes consumers wish to purchase more units. C. an increase in a product's price raises MU per dollar and makes consumers wish to purchase more units. D. an increase in a product's price lowers MU.
Answer: Option (B) a decrease in a product's price raises MU per dollar and makes consumers wish to purchase more units is correct.
Explanation:
If the price of a commodity decreases, as a result purchasing power of a consumer increases as well as raises the MU per dollar. 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 as well as its marginal utility from an extra unit also increases.
The demand curve slopes downward because a decrease in a product's price raises the Marginal Utility per dollar, encouraging consumers to purchase more units. This can be attributed to the substitution and income effects.
Explanation:The subject of this question lies in the realm of Economics, specifically focusing on the behavior of the demand curve due to changes in price level. The correct option from the student's question would be B. a decrease in a product's price raises Marginal Utility per dollar and makes consumers wish to purchase more units.
In terms of economics, the demand curve typically slopes downward indicating that as the price of a good decreases, the quantity demanded by consumers will increase. This is due to two effects: substitution effect and the income effect. The substitution effect emphasizes that when the price of a product is lower relative to other goods, consumers tend to purchase more of it. The income effect suggests that if the price of a product declines, consumers could purchase the same amount as before and still have money left over to purchase additional units, thereby increasing the quantity demanded.
Learn more about Demand Curve here:https://brainly.com/question/13131242
#SPJ6
A 79-year old widowed client telephones you, her representative, telling you the following: “I just received a phone call telling me that I have won the Mega Millions International Lottery, and that in order to release my winnings, I must wire $10,000 to pay for the international taxes due.” She gives you the international wiring instructions and directs you to send out the wire. What action should you take? A Follow the customer’s instructions B Do not follow the customer’s instructions and freeze the account from all transactions or removal of assets C Notify the trusted contact person on the account, who is listed as the client’s daughter, and place a hold on the requested wire transfer D Close the account and reopen a new account in the name of the trusted contact person, who is listed as the client’s daughter
Answer:
The correct answer is option C.
Explanation:
The phone call regarding the lottery here is most likely a fraud and scam to dupe elderly client.
The most appropriate action in this regard would be not to put a hold on sending the wire, and inform a trusted contact person, in this case, the client's daughter.
There is high chances that following client's instructions can lead to loss of $10,000.
Freezing account can cause inconvenience to the client.
So, the most appropriate action is option C.
The purpose of sobriety checkpoints that are set up by community and state police is to deter drunk driving and ultimately save lives. While not mandated, the makers of Blackberry have complied with the public request of several legislators and have obediently removed apps that permit smartphone users to navigate around the checkpoints. Google and Apple have elected not to honor such requests. After studying about ethics and social responsibility, which of the following statements applies to this situation?A.Laws represent the minimum guidelines that companies must follow, whereas a firm’s ethical stance may venture beyond the minimum level of compliance.B.Google and Apple are showing corporate social responsibility because they demonstrate concern for their investors, which is exactly where their focus should be.C.Blackberry is acting philanthropically toward government.D.Google and Apple are showing their distrust for big government, and their avoidance of contributing toward philanthropic causes.
Answer: After studying about ethics and social responsibility, the following statements applies that Google and Apple are showing corporate social responsibility because they demonstrate concern for their investors, which is exactly where their focus should be.
i.e. Corporate social responsibility is vital, self-regulating model that further eases and helps an organization be socially responsible to itself, its stakeholders, and the public.
The common shares of the Hiboux Ltd have a book value of $21.60 and a market value of $28.60. The company pays $0.28 in dividends each quarter. What is the dividend yield? A. 1.0% B. 1.3% C. 3.9% D. 5.2%
Answer: Option (c) is correct.
Explanation:
Shares book value = $21.60
market value = $28.60
Pays dividend in each quarter = $0.28
Annual dividend = Dividend in each quarter × 4
= $0.28 × 4 ⇒ $1.12
Therefore,
Dividend yield = [tex]\frac{Annual\ Dividend}{Current\ Price}[/tex]
= [tex]\frac{1.12}{28.60}[/tex]
= 3.9% (approx.)
Hence, dividend yield is 3.9%.
The dividend yield for the common shares of Hiboux Ltd is 3.9%.
Explanation:To calculate the dividend yield, we need to divide the annual dividends by the market value of the stock. Since the company pays $0.28 in dividends each quarter, the annual dividends would be $0.28 x 4 = $1.12. The dividend yield is then calculated as $1.12 divided by the market value of $28.60, multiplied by 100 to get the percentage. Therefore, the dividend yield is (1.12 / 28.60) x 100 = 3.9%. Therefore, the correct answer is C. 3.9%.
Learn more about Dividend Yield here:https://brainly.com/question/28044310
#SPJ3
For a restaurant, the logical activity base for wages expense would be a. number of customers. b. number of employees. c. number of restaurants in town. d. None of these choices are activity bases.
Answer: The answer is B, the logical activity base for salary expenses is Number of employees.
Explanation:
For a restaurant, the logical activity base for salary expenses is the number of employees because the more employees you have, the more salary expenses the company will have.
Kitchen magazine plans to license the use of its name by a line of cookware. For a magazine, licensing the use of its name for products involves some danger, since if the products disappoint consumers, the magazine's reputation suffers, with consequent reduction in circulation and advertising. However, experts have evaluated the cookware and found it superior to all other cookware advertised in Kitchen. Therefore, Kitchen can collect its licensing fees without endangering its other revenues.The argument above assumes which of the following?(A) No other line of cookware is superior to that which will carry the Kitchen name.(B) Kitchen will not license the use of its name for any products other than the line of cookware.(C) Makers of cookware will not find Kitchen a less attractive advertising vehicle because the magazine's name is associated with a competing product.(D) Consumers who are not regular readers of Kitchen magazine will be attracted to the cookware by the Kitchen name.(E) Kitchen is one of the most prestigious cooking-related magazines.
Answer: Option C
Explanation:
A. In the above case the statement stating superiority of cookware is stated by the experts themselves thus it cannot be considered an assumption.
B. The above case clearly states that the magazine generates revenues from advertising thus it is not an assumption made, actually its a fact stated in the case that magazine will do so.
C. Nothing has been stats about the perspective of the cookware company as they might find the magazine unsuitable as there would be commercials for their competitors. Thus, we can say that it is an assumption.