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.
During the current year, Esterhazy, Inc. estimated manufacturing overhead for the year to be $896,000. The company uses direct labor hours to apply manufacturing overhead to Work-in-Process. The budgeted direct labor hours for the current year totaled 80,000 hours and the actual hours worked were 82,000. The actual overhead incurred during the year was $924,000. What is the amount of overapplied or underapplied overhead?
Answer:
Overheads are over-applied by $5,600
Explanation:
Company's expected manufacturing overhead = $896,000
Budgeted labor hours = 80,000 hours
Rate per hour = $896,000/80,000 = $11.2 per labor hour
Actual overheads incurred = $924,000
Actual labor hours = 82,000
Actual rate per hour =$924,000/82,000 = $11.268
Actual overheads at budgeted rate for actual hours = 82,000 X $11.2 = $918,400
Since actual overheads are higher by $924,000 - $918,400 = $5,600
Overheads are over-applied by $5,600
The value of money falls as the price level a. falls, because the number of dollars needed to buy a representative basket of goods falls. b. rises, because the number of dollars needed to buy a representative basket of goods rises. c. falls, because the number of dollars needed to buy a representative basket of goods rises. d. rises, because the number of dollars needed to buy a representative basket of goods falls.
The value of money decreases when price levels rise, as more dollars are needed to buy the same goods- this is associated with inflation and fall in purchasing power.
Explanation:The value of money falls as the price level b. rises, because the number of dollars needed to buy a representative basket of goods rises. This concept is directly related to purchasing power and inflation. Inflation is a scenario where the price level of goods and services increases over a period of time. When the price level rises, more dollars are needed to buy the same goods and services, which implies the value of money, or purchasing power, has fallen.
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________ are both government sources of information that might be helpful in gathering the information needed to start a business. Mergent and The Industrial monitor The Euromonitor and Business Source Complete Business Source Complete and Small Business News NAICS and SIC codes
Answer: NAICS and SIC codes
Explanation: Standard industrial classification are 4 digit codes, these are generally used for identification of industries. Whereas, NAICS, that is, North american industry classification is a six digit code which has recently came into existence and is being used as a replacement for SIC.
Final answer:
NAICS and SIC codes are government sources of information that are valuable for gathering industry-specific data when starting a business.
Explanation:
The correct answer to the question is NAICS and SIC codes. These are both government sources of information useful for gathering information needed to start a business. NAICS (North American Industry Classification System) and SIC (Standard Industrial Classification) codes are numerical systems used to classify industries. These codes can provide you with a wealth of industry-specific data including market size, number of competitors, and industry growth rates which can be particularly valuable when starting a new business or analyzing a target market for business expansion. Government information, typically available without a subscription, includes statistics, technical reports, economic data, scientific and medical research, and legislative information which are all useful for business planning and market research.
In the late 1940s, the Communists under Mao Zedong were defeating the government of China in a civil war. The paper currency issued by the Chinese government was losing much of its value, and most businesses refused to accept it. At the same time, there was a paper shortage in Japan. During these years, Japan was still under military occupation by the United States. Some U.S. troops in Japan realized that they could use dollars to buy up vast amounts of paper currency in China, ship it to Japan to be recycled into paper, and make a substantial profit. Under these circumstances, was the Chinese paper currency a commodity money or a fiat money?
The Chinese paper currency during the late 1940s civil war acted more like a commodity due to its material value as opposed to its intended role as fiat money, which is legal tender by government decree.
In the late 1940s, the Chinese paper currency issued by the Chinese government during the civil war with the Communists was losing value, implying that the currency was not being treated as a strong store of value or medium of exchange. Given the circumstances described, the currency acted more like a commodity that was being repurposed for its material value rather than its value as legal tender. However, theoretically, the Chinese paper currency was meant to be fiat money, as it was government-issued currency that wasn't backed by a physical commodity, such as gold or silver, but rather relied on government decree and the faith of the people in its value.
Fiat money's value comes from the trust and faith that people place in the issuing government, and it is considered legal tender for all debts, public and private, by the government's decree. The situation in China, with U.S. troops buying up the devalued currency and shipping it to Japan to be recycled, shows that in practice, the currency had transitioned from its intended role as fiat money to being used as a commodity due to its loss of purchasing power and acceptance for transactions.
Every year since 2010 Jersey Mike's has hosted an annual one-day-event where 100% of their sales are donated to a charity of the store owner's choice. In 2016, 180+ charities were supported nationwide by raising more than $4 million from the sales of the store's 1,500 locations. These events that Jersey Mike's funds every year are best described as which of the following?(A) Cause Marketing (B) Direct Selling. (C) Cobranding and Affinity Marketing (D) Point-of-Purchase Marketing
Answer: Option A
Explanation: Cause marketing is the method of fulfilling corporate social responsibility by the organisation under this approach a campaign is initiated for the dual purpose of increasing profitability and social welfare.
In the given case Jersey mike's one day event profit distribution will result in social welfare to the charities fulfilling the corporate social responsibility and it will boost the image of the company in the society resulting in a higher and strong customer base which will further result in higher profits.
Final answer:
Jersey Mike's annual event where sales are donated to charity is an example of (A) Cause Marketing, where companies support a charitable cause while promoting their products.
Explanation:
The events that Jersey Mike's funds each year, where 100% of their sales are donated to a charity, are best described as (A) Cause Marketing. This type of marketing involves a corporation associating the sales of its products or services with a charitable cause. An example of cause marketing is the famous Red campaign or the pink ribbon symbol for breast cancer awareness, where corporations donate a portion of their profits from specific products to related charities. With Jersey Mike's annual event supporting various charities, they promote awareness and raise funds while also marketing their brand.
what are some things that allow people to communicate without having to be in the same area (economics)
Explanation:
Science has made huge progress in every field. If we talk about the ways of communication between people who are not in the same area, it was considered insane few years back; but now this is a reality that people who are not at the same place can communicate with each other just like they are sitting in front of each other.
There are different methods or ways through which people who are not at the same place can communication easily.
The most simplest and conventional method is the use of Telephone. But now, with the progress in Technology and with the use of Internet, there are a lot of communication devices that uses different apps to talk to each other. They are used to talk either through the audio or with the Video as well. Using your mobile phone, or laptops, or other communication gadgets, you can even see the other person while talking to him. So Telephones, Telegraphs, Internet, Cell phones, etc are used to communication without having to be in the same area.
The directors of a company decide to offer shares of the company from the company's unissued stock directly to company employees. The proceeds of the sale go to the company, but the directors take a commission from the employees on these sales. All of the following statements are true EXCEPT: A this is a non-issuer transaction B the directors are defined as agents of the issuer C the directors must be registered D the securities must be registered
Answer:
All of the following statements are true except A) this is a non issuer transaction.
Explanation:
here director of a company is issuing common stock to company's employees , and here the proceeds are going to the issuer that means this is definitely a issuer transaction.
Also according to law it is mandatory for the securities to be registered before company can offer them to public. A director should also be registered before they can act as an agent of the company and can have any effect on security transaction on behalf of issuer.
Antonio is ready to move out of his parent's house and live on his own. He found a great apartment that has all utilities included. His job as an assistant plumber requires him to have a car, but his hours are flexible enough to give him time on the weekends to have fun with his friends. What is the best way Antonio's budget can be modified to help him save enough for the $200 down payment and make the $500 monthly rental payment?
a. Antonio could keep his budget the same and hope he gets a raise at work.
b. Antonio could reduce his monthly entertainment expenses by $100 to pay the monthly rent. he could take $200 out of savings once for the deposit.
c. Antonio could live at his parent’s house for one more month and save his net income. after one month of living at home, he would have enough additional money for the deposit and one year’s rent at the apartment.
d. Antonio could reduce his monthly entertainment expenses by $75 and his food expenses by $50 to pay the monthly rent. he could take $200 out of savings once for the deposit.
Answer: The best way Antonio's budget can be modified to help him save enough for the $200 down payment and make the $500 monthly rental payment is that, if Antonio could reduce his monthly entertainment expenses by $75 and his food expenses by $50 to pay the monthly rent. He could take $200 out of savings once for the deposit.
It's necessary for Antonio to reduce his total expense by $125 in order for him to accommodate himself and take $200 out of savings.
Answer:
d. Antonio could reduce his monthly entertainment expenses by $75 and his food expenses by $50 to pay the monthly rent. He could take $200 out of savings once for the deposit.
Explanation:
edge
Which is most true of an annual rate of 4% compounded quarterly? A) It is equivalent to 4.4% paid annually. B) It is equivalent to 16.99% paid annually. C) It is equivalent to 1% simple interest paid quarterly D) It is equivalent to 4.06% paid annually. Answer: D
Answer:
D) It is equivalent to 4.06% paid annually
Explanation:
Since it is not talking about annuity and simple compound interest, therefore assuming investment value = $100 then interest will be as follows:
Interest for each quarter = [tex]\frac{4}{100} \times \frac{3}{12}[/tex] = 1%
But this 1% will be paid on the compounded value
Interest at end of Quarter 1 = $100 X 1% = $1
Compounded value at end of Quarter 1 = $100 + $1 = $101
Interest at end of Quarter 2 = $101 X 1% = $1.01
Compounded value at end of Quarter 2 = $101 + $1.01 = $102.01
Interest at end of Quarter 3 = $102.01 X 1% = $1.0201
Compounded value at end of Quarter 3 = $102.01 + $1.0201 = $103.0301
Interest at end of Quarter 4 = $103.0301 X 1% = $1.030301
Compounded value at end of Quarter 4 = $103.0301 + $1.030301 = $104.060401
Now net return annually = $4.060401/$100 = 4.06%
Final Answer
D) It is equivalent to 4.06% paid annually
Each month you spend $500 buying coffee. If the price of coffee increases from $2 to $3, what happens to your purchasing power?A.) UnchangedB.) IncreasesC.) Decreases
purchasing power C.) Decreases
Consumer purchasing power is determined by the Consumer Price Index, which surveys changes in the prices of goods and services over a period of months or years.
What is high purchasing power?A higher real income means a higher purchasing power since real income refers to the income adjusted for inflation. Traditionally, the purchasing power of money depended heavily upon the local value of gold and silver, but was also made subject to the availability and demand of certain goods on the market.
How can we increase purchasing power?Provide Value to Your Vendors. Retailers typically set their prices according to the gross margin made on every saleConsolidate Purchase Orders.Open New Markets. The Power of Many.To learn more about purchasing power, refer
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Which career would benefit from an apprenticeship?
Art Direction
Visual Arts
Telecommunications
Broadcasting
Answer:
Art Direction - first choice
Answer:
Art Direction
Explanation:
Art Direction is the career that would benefit from an apprenticeship.
Sebastian decides to open a tree farm. When deciding to open his own business, he turned down two separate job offers of $25,000 and $30,000 and withdrew $20,000 from his savings. Sebastian’s savings account paid 3 percent interest. He also borrowed $20,000 from his brother, whom he pays 2 percent interest per year. He spent $15,000 to purchase supplies and earned $50,000 in revenue during his first year. Which of the following statements is correct?a. Sebastian’s economic profit is $16,000, and his accounting profit is $14,600.b. Sebastian’s economic profit is $4,600, and his accounting profit is $35,000.c. Sebastian’s economic profit is $4,000, and his accounting profit is $34,600.d. Sebastian’s economic profit is $16,000, and his accounting profit is $34,600.
Answer:
c. Sebastian’s economic profit is $4,000, and his accounting profit is $34,600
Explanation:
Note: Accounting profit is actual profit earned
Here, revenue = $50,000
Expense = $15,000 + $interest cost paid on loan
= $15,000 + $20,000 X 2% = $15,000 + $400 = $15,400
Accounting profit = $50,000 - $15,400 = $34,600
Economic Profit = Accounting profit - Opportunity cost
Opportunity cost is the second best opportunity foregone, for choosing the current option.
Here best opportunity foregone = $30,000 to be earned on job.
Now also interest foregone in addition to the above = $20,000 X 3% = $600
Total opportunity cost = $30,000 +$600 = $30,600
Thus Economic Profit = $34,600 (Accounting Profit) - $30,600 (Opportunity Cost)
= $4,000
Final Answer
c. Sebastian’s economic profit is $4,000, and his accounting profit is $34,600
Sebastian's accounting profit is $34,600 after subtracting explicit costs from revenue. His economic profit, which also accounts for opportunity costs like forgone salary and interest, is $4,000.
Explanation:To calculate Sebastian’s economic profit and accounting profit, we must consider both explicit and implicit costs. Accounting profit is calculated by subtracting explicit costs from total revenue, whereas economic profit also subtracts opportunity costs, which include forgone income and interest.
Sebastian’s accounting profit is calculated as follows:
Total Revenue: $50,000Explicit Costs (Supplies): $15,000Interest on Borrowed Money: $400 (2% of $20,000)Total Explicit Costs: $15,400Accounting Profit: $50,000 - $15,400 = $34,600For the economic profit, we consider opportunity costs:
Forgone Salary (Opportunity Cost): $30,000 (the higher of the two job offers)Interest Forgone on Savings: $600 (3% of $20,000)Total Opportunity Costs: $30,600Economic Profit: $34,600 (Accounting Profit) - $30,600 (Opportunity Costs) = $4,000Therefore, the correct statement is:
c. Sebastian’s economic profit is $4,000, and his accounting profit is $34,600.
Elite Coffee and Bakery, a café that offers a relaxing environment to enjoy quality coffees, teas, soups, and other menu items, has a poster in the front of its restaurants that reads, "We will always provide a quality product to help our customers better meet the challenges of their day and always take the time to offer caring service one person at a time." This statement is Elite's ______.
Answer:
Mission
Explanation:
The mission is the statement that establishes the main objective of the company and the purposes. Commonly in the mission the businesses include what they expect to being for their consumers. In this case, the mission includes their commitment with the customers and their satisfaction
Many critics argue that government efforts to regulate industries have caused which of the following?
collusion
inefficiencies
insufficient supply
predatory pricing
Answer:
inefficiencies
Explanation:
The competitive market is characterized by competition between companies for market share according to sales price. This is beneficial to the consumer, who will pay a lower price. The government acts as a market regulator to curb collusion and to ensure the origin and quality of products.
Critics of regulation complain that regulation removes market efficiency mechanisms, as companies have to comply with a series of regulatory criteria that raise production and marketing costs, which makes markets less efficient. This is a fragile argument, as history is full of cases of collusion and abusive practices that harm consumers. Regulation is necessary for companies to be compelled to always act in an appropriate manner. An example of the importance of regulation is the requirement for nutritional composition on food labels so that consumers have the information about what they are consuming.
The Harris State Bank has $2000 in total assets (all of which are earning assets), $500 of which will be repriced in the next 90 days. This bank also has $1600 in total liabilities, $1000 of which will be repriced in 90 days. The bank currently earns 9% on its assets and pays 4% on its liabilities. If interest rates on both assets and liabilities rise by 2% in the next 90 days, what would be this bank's net interest margin?
Answer:
The banks net interest margin would be 8%.
Explanation:
FORMULA FOR NET INTEREST MARGIN =
INTEREST ON ASSETS - INTEREST ON LIABILITY / EARNING ASSET
Here earning asset = $2000
interest on assets = 11% of 500 + 9% of 1500
NOTE* ( it is given in the question that after 90 days assets worth $500 would be repriced and interest rate on it would rise by 2% , which means for $1500 which won't be repriced will give 9% interest rate and $500 would give 9% + 2% = 11% interest rate )
= $55 + $135
= $190
interest on liability = 6% of $1000 + 4% of 600
NOTE* ( it is given in the question that after 90 days liability worth $1000 would be repriced and interest rate on it would rise by 2% , which means for $600 which won't be repriced will give 4% interest rate and $1000 would give 4% + 2% = 6% interest rate )
= $6 + $24
= $30
FORMULA FOR NET INTEREST MARGIN =
INTEREST ON ASSETS - INTEREST ON LIABILITY / EARNING ASSET
= $190 - $30 / $2000
= .8 x 100 ( multiplying by 100 to get answer in percentage )
= 8%
Final answer:
The net interest margin of the Harris State Bank will decrease to 5.3% after considering the 2% interest rate rise on both the $500 of assets and the $1000 of liabilities that are due for repricing in the next 90 days.
Explanation:
The question involves calculating the net interest margin for Harris State Bank after a rise in interest rates on both assets and liabilities. To compute the net interest margin, we must consider the interest the bank earns on its assets and the interest it pays on its liabilities, along with the impact of the repricing that is scheduled to occur in the next 90 days.
Initially, the bank earns 9% on its $2000 of earning assets, which results in $180 of interest income (0.09 ×$2000). It pays 4% on its $1600 of liabilities, which amounts to $64 of interest expense (0.04 ×$1600). This makes the initial net interest income $116 ($180 - $64).
If interest rates rise by 2% for both assets and liabilities, the interest rate on repriced assets will be 11% and 6% on repriced liabilities. However, we only need to calculate the change related to the repriced amounts. The newly repriced assets ($500) will yield an additional $10 of interest (0.02 × $500), while the additional interest on the repriced liabilities ($1000) will cost an extra $20 (0.02 ×$1000). Thus, after the rate change, net interest income will be $106 ($116 + $10 - $20).
The net interest margin is calculated as follows:
Initial net interest margin: $116 / $2000 = 5.8%
Revised net interest margin: $106 / $2000 = 5.3%
Therefore, after the interest rate increase, the bank's net interest margin will decrease to 5.3%.
Which statement is true? A. Bonds are generally called at par value.B. A current list of all bondholders is maintained whenever a firm issues bearer bonds. C. An indenture is a contract between a bond's issuer and its holders. D. Collateralized bonds are called debentures. E. A bondholder has the right to determine when his or her bond is called.
Answer: Option C
Explanation:
A. Bonds can be called at discount or premium depending upon the interest rate availing in market and the coupon interest rate.
B. In case of bearer bonds no transactions and ownership records are maintained.
C. Indenture is the contract between issuer and holder specifying the duties and obligations of issuer and the rights of holders.
D. Collateralized bonds are backed by a pool of assets while debentures are unsecured bonds .
E. A bondholder can have the right to determine it only when he have the put option with him otherwise the right to call bond lies with the issuer.
One eoc function is to provide coordinated support to incident command. True or False
Answer:
One eoc function is to provide coordinated support to incident command. - True ( first choice)
Which of the following statements is FALSE of the dividend-discount model?
A. We cannot use the dividend-discount model to value the stock of a firm with rapid or changing growth.
B. The simplest forecast for the firm's future dividends states that they will grow at a constant rate, i.e., forever.
C. As firms mature, their growth slows to rates more typical of established companies.
D. The dividend-discount model values the stock based on a forecast of the future dividends paid to shareholders.
Answer: The following statements is false of the dividend-discount model: We cannot use the dividend-discount model to value the stock of a firm with rapid or changing growth.
The model is a technique of evaluating a institution stock price i.e. there on the concept that the organizations stock is equal to the total of all of its dividend payments. It is used to evaluate stocks based on the NPV of the dividends.
At a specific point on the demand curve for backpacks, the elasticity of demand is calculated to be -0.5.a. At that point, we would describe demand as ( inelastic / elastic / unit elastic / fully supplied ).b. If the price of backpacks fell by 10%, the quantity demanded would rise by (10% /5% / 50% / 0% ) and revenue for the backpack industry would ( fall / rise) remain the same .c. If the price of backpacks rose by 20% the quantity demanded would fall by ( 20% / 10% / 25% / 40%) and revenue for the backpack industry would ( fall / rise) remain the same
Answer:
Inelastic; 5%; fall; 10%; rise
Explanation:
Price elasticity of demand is always negative for normal goods. This happens because of the law of demand, that demand falls with rise in price.
Price elasticity between 0 and 1 shows inelastic demand.
This means that there is smaller change in demand due to a greater change in price level.
Price elasticity of demand is -0.5.
If the price falls by 10%, demand will increase by 5%.
The revenue will fall, because of greater fall in price.
If the price increases by 20%, demand will fall by 10%.
Revenue will increase because of greater increase in price.
Answer: A. Elastic , B. 5% Rise , C. 10% fall
Explanation:
the price elasticity for a normal good is negative. wen price increases demand decreases.
demand is elastic a change in price will cause a change in demand
a 10% decrease in in the price of backpacks will cause a 5% increase in demand and the revenue will rise.
a 20% increase in the price will cause a 10% decrease/fall in demand and revenue will fall
workings
change in demand when price decrease by 10% = -0.5(-10%) = 5%
change in demand when price increase by 20% = -0.5(20) = 10%
Which of the following is an example of part-time business? a. Tabatha, who works from home for a fashion website for a minimum of 40 hours a week b. Raul, who works as an intern in a law firm for more than 35 hours a week c. Dorothy, who works in her small bakery for less than 30 hours a week d. Joshua, who teaches piano to children for 40 hours a week
Answer: The answer is C. Dorothy, who works in her small bakery for less than 30 hours a week.
Explanation: A part-time business can't exceed 35 hours a week.
Answer:
The correct answer would be option C, Dorothy, who works in her small bakery for less than 30 hours a week.
Explanation:
A part time business is a job which a person does as a side business. He does not give full time to do this business. A full time business is something when you give this business more than 35 hours of your weekly schedule. If you give less than this, it would be considered as a part time work. So in this question, Dorothy is doing her bakery business as a part time business because she spends less than 30 hours in her small bakery.
_______ are people who take it upon themselves to handle the pain and stressors that are part of everyday life in organizations. Stress handlers Dystress handlers Eustress handlers Scapegoats Toxin handlers
Answer:
The correct option here is toxin handlers.
Explanation:
Toxin handler can be anyone in the organization like a manager, employee or anyone else, they can be founded in any or might be at every level of an organization , these are the people who will listen to an person( he/she can be anyone ) when they burst in the workplace with anger and frustration, these toxin handlers will not only listen but also give advice to that person or help them in solving their problems. Toxin handlers will help others by easing their pain, without even any knowledge to the person who is suffering, they will also help others in getting their confidence back.
The term 'Toxin handlers' refers to individuals who manage stress and pressure amidst heavy workload and job control scenarios within organizations. These individuals are integral to an organization, as they help absorb and manage stress, ultimately promoting a healthier work environment. This eases job strain and can help prevent job burnout.
Explanation:The individuals who are adept at managing the pressures and stressors in an organizational setting are known as Toxin handlers. Stress, which can be seen as the perception and response to events regarded as overwhelming, arises from various occupational stressors like a heavy workload and insufficient job control. The role of toxin handlers is critical in these situations as they help to absorb this anxiety and tension, creating a healthier work environment.
Organizations often have certain roles that are subject to a high degree of stress due to the nature of their work, like postal clerks, supermarket cashiers, or taxi drivers. Such roles frequently involve a high workload coupled with low control formalities, which contribute to job strain. Job strain can lead to chronic occupational stress, linking to job dissatisfaction and job burnout, which is a sense of emotional exhaustion and cynicism towards the job.
Despite this, certain individuals excel in navigating and effectively managing these stress factors. These are the people we refer to as toxin handlers. They are usually at various levels in an organization, where they help manage, absorb, or counter the effects of stressors to maintain balance in the organizational environment.
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A government agency that promotes competition in the marketplace is the
Answer: Federal Trade Commission (FTC)
Explanation:
Federal Trade Commission (FTC) was established by the US federal government in 1914 to safeguard consumers and businesses. It was created to promote healthy competition among businesses in the marketplace by putting a stop to anticompetitive practices. It also keeps consumers safe against illegal business transaction by providing information to them about how to recognise and avoid fraudulent business deals. Thus, Federal Trade Commission (FTC) educates consumers and businesses through the establishment of programs which are educative and beneficial to them.
The supply curve and the demand curve for widgets are straight lines. Suppose the equilibrium quantity in the market for widgets is 200 per month when there is no tax. Then a tax of $5 per widget is imposed. The price paid by buyers increase by $2 and the after-tax price received by sellers falls by $3. The government is able to raise $750 per month in revenue from the tax. The deadweight loss from the tax is…
Answer: Dead weight loss=[tex]\frac{1}{2}\times(5)\times(50)[/tex]=$ 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).
Which statement below best describes George Waring's approach to solving the problems of water-borne illness? a. Waring is going with his "gut," because he believes that instincts and emotions are the best guides for action. b. Waring efficiently and thoroughly lays out the case for why the problems are too large and overwhelming to be solved: people should just move out of cities back to their farms. c. Waring has gathered the testimonies of people who live in densely populated areas in order to learn how they themselves have solved their problems. d. Waring exhibits the Industrial Age's increased respect for and reliance on science and the scientific method.
Answer:
Waring exhibits the Industrial Age's increased respect for and reliance on science and the scientific method. -d.
Answer:
d. Waring exhibits the Industrial Age's increased respect for and reliance on science and the scientific method.
Explanation:
A particularly dire situation arose in Memphis, Tennessee, by the late 1870s, after outbreaks of cholera (1873) and yellow fever (1878 and 1879) killed more than 10,000 people. Memphis’ troubles drew the sympathy of the nation, and helps to drive the creation of the National Board of Health, which sent George A. Waring, Jr. to Memphis after the 1878 yellow fever epidemic.
George A. Waring Jr. A native of Pound Ridge, New York, had developed his skills as an agricultural and drainage engineer for New York City’s Central Park beginning in 1857. He was commissioned as a major in the Union Army during the Civil War and rose to attain the rank of colonel. In the years following the war, Waring managed Ogden Farm in Rhode Island before devoting himself full-time to drainage engineering. In Memphis, during the period of the water borne disease,
The method and approach Waring used exhibits the Industrial Age's increased respect for and reliance on science and the scientific method because Waring designed a new system that separated sewage from regular storm water runoff, a scientific innovation that before then had not been implemented on a large scale in the United States. The system became the basis for that of many other communities around the country, earning Waring a national reputation.
Jonas had a great résumé and a glowing recommendation from his previous employer. Impressed by his qualifications and expertise, Vizion Tech Inc. hired him for the position of quality analyst. However, he engaged in blatant sexual harassment at Vizion after a couple of weeks on the job. During its investigation of the harassment, Vizion Tech learned that Jonas had been fired for sexual harassment at his previous employer. If the management of Vizion Tech wanted to hold Jonas's previous employer accountable, they could sue the company for
Answer: Misrepresentation
Explanation:
Misrepresentation is known to be incorrect information or declaration about someone or something which a company or someone made to another company. The incorrect information thereby brings about a contract between the other company and the person. If the other company finds out about the incorrect information, the contract will be terminated and the company which gave untrue information might be sued for damages.
Thus, Jonas previous employer gave a false recommendation about him to Vizion Tech Inc.
Vizion Tech can sue Jonas's previous employer for negligent referral or negligent misrepresentation for failing to disclose his history of sexual harassment. Employers have a duty to provide accurate information, the breach of which can lead to legal liability if it causes harm to another party.
Explanation:If the management of Vizion Tech wants to hold Jonas's previous employer accountable for not disclosing his history of sexual harassment when providing a recommendation, they could consider suing for negligent referral or negligent misrepresentation. Negligent referral could be claimed if the previous employer failed to disclose critical information about Jonas's behavior that could foreseeably lead to harm in the workplace. Negligent misrepresentation could be applicable if they gave false information about his employment history. Both claims require Vizion Tech to prove that the previous employer owed a duty to provide accurate information, that the duty was breached, and that the breach caused harm to Vizion Tech.
It is essential for employers to maintain a harassment-free workplace, which is supported by various court decisions such as Meritor Savings Bank v. Vinson and Farragher v. City of Boca Raton. Adequate and truthful pre-employment disclosures can help companies in making informed hiring decisions and preventing workplace harassment.
Icon International, a software company, incorporated on January 1, 2013 is planning to convert to IFRS. The company decided to present its first IFRS statements for the year ended December 31, 2015. What is the transition date of Icon International? A. December 31, 2015 B. January 1, 2015 C. January 1, 2013 D. December 31, 2013
Answer:
The correct transition date which Icon international will show is B) January 1, 2015.
Explanation:
Icon international which was incorporated on January 1, 2013, wants to convert to IFRS( International financial reporting standards ) , which provides a similar international language for business affairs, which would help making company accounts comparable and understandable across the global boundaries.
The correct transition date would be the year starting date ( 1 January ) , as the year in which company starts adopting to IFRS standards and making IFRS statements , so here the January 1, 2015 would be the correct transition date.
The transition date for Icon International, a company converting to IFRS, would be the start of the earliest period for which it presents full comparative information under IFRS. In this case, the transition date is January 1, 2015.
Explanation:The transition date for a company converting to IFRS (International Financial Reporting Standards) is the beginning of the earliest period for which the company presents full comparative information under IFRS in its first IFRS financial statements. For Icon International, this date would be the start of the preceding year from when it first starts presenting its statements under IFRS. Given Icon International decided to present its first IFRS statements for the year ended December 31, 2015, its transition date would be January 1, 2015 (Option B).
Learn more about IFRS Transition Date here:https://brainly.com/question/32260747
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The governor has proposed to clean up all the trash on the side of the highway. The project is estimated to cost the tax payers and additional$15,000. The city will benefit by having a clean highway which will entice tourists to stop along their routes. The project is estimated to bring in$12,000 of revenue from the highway being cleaned. Should the governor continue with the project?
A. Yes, the project will have $12,000 of benefits to the city folks.
B. No, the project will not bring in enough benefit to cover the costs.
C. Yes, the tax payers wanted the highway cleaned up.
D. No, the benefit from the project will only be $3000.
Answer: The governor should not continue with the project because it will not bring in enough benefit to cover the costs.
Here, the project is estimated to cost the tax payers and additional $15,000. The city will benefit by having a clean highway which will entice tourists to stop along their routes. The project is estimated to bring in$12,000 of revenue from the highway being cleaned.
Although the project is in goodwill but it won't generate enough revenue and thus shouldn't be continued with.
Final answer:
While the highway cleaning project's direct revenue doesn't cover the cost, considering the social benefits may justify the expenditure. The decision should factor in intangible benefits as well as direct revenue.
Explanation:
The question pertains to whether a governor should proceed with a highway cleaning project that costs taxpayers $15,000, but is expected to generate $12,000 in revenue. When deciding on public projects, it is crucial to consider total costs and total benefits, including intangible benefits like environmental, recreational, health, and industrial benefits. While the project does not cover its costs in direct revenue, social benefits may make the project worthwhile if they exceed the shortfall. In this case, benefits such as a cleaner environment, potential to attract tourists, and improved aesthetics should be considered in addition to tangible revenue.
Select the FALSE statement from below: A. The National Response Framework explains how, at all levels, the nation effectively manages all-hazards response. B. The National Response Framework describes specific authorities. C. The National Response Framework mandates that the private-sector entities responsible for critical infrastructure and key resources develop and exercise contingency plans. D. The National Response Framework describes best practices for managing all types of disasters and emergencies.
Answer: The Statement A. is FALSE.
Explanation: The National Response Framework explains how, at all levels, the nation effectively manages the all-hazards response, is the FALSE statement.
The United States National Response Framework is essential to the National National Security Strategy, it helps to give all domestic response partners a response to disasters and emergencies.
Answer:
A) The National Response Framework explains how, at all levels, the nation effectively manages all-hazards response.
Explanation:
The National Response Framework (NRF) is a guide to how the government should prepare and respond to terrorist attacks, natural disasters and emergency situations. It was developed based on the NIMS concepts. The NRF started to be developed in the aftermath of the 9-11 terrorist attacks and was finished by January 2005.
In the late 1800s, Cecil Rhodes took the money he made from renting water pumps to miners and used it to buy up the claims of small mining operations. In time, and with the help of funding from the Rothschild family, he formed De Beers, which would become the largest diamond mining company in the world. Which of the following best describes the role Cecil Rhodes played for De Beers?
A. Capital
B. Land
C. Entrepreneurial ability
D. Labor
Answer: Entrepreneurial ability
Explanation:
A. Capital in the business can be defined as the money invested for the operations of business to earn profits. Capital can be in form of any kind of money like shares and debt but a human can never be a capital.
B. Land can be defined as the capital investment of the business for the place where which the operations of the business will be maintained.
C. Entrepreneurial ability is the brain behind the business entity . In a business an entrepreneur is the person who collects capital, purchase land and maintains the operations.
D. Labor is the human capital invested in the business, that is, hiring of individuals for different types of operations.
Hence we can conclude that Cecil Rhodes played entrepreneurial ability.
In a negligence action in a jurisdiction that had adopted comparative negligence, a jury rendered a verdict that the plaintiff suffered $90,000 in damages and was 10 percent at fault. The plaintiff’s attorney had presented evidence and argued in his closing argument that the plaintiff’s damages were $100,000. Immediately after the verdict, the plaintiff, with permission from the court, discussed the case with all six of the jurors together before they left the courtroom. The plaintiff discovered that each of the jurors thought, contrary to the court’s instructions, that the damage amount was the amount that the plaintiff would receive, rather than the amount from which 10 percent would be deducted. The plaintiff seeks to offer testimony from each juror to that effect in order to increase the amount of the verdict to $100,000. Is the testimony of the jurors admissible?A. Yes, because a mistake was made by the jury in rendering its verdict.B. Yes, because the jury misunderstanding was related to the applicable law, rather than the facts.C. No, because a juror cannot be questioned about a verdict in the presence of the other jurors.D. No, because a juror cannot testify as to any juror’s mental processes concerning a verdict.
Answer: The testimony of the jurors is not admissible, because a juror cannot testify as to any juror’s mental processes concerning a verdict.
Juror needs to follow a basic rule i.e. he/she can't impeach their own verdict. He/she cannot take the stand due to the mental activity that he/she or other juror used in concluding a verdict..