According to the Stolper-Samuelson theorem, when a relatively
labour-abundant country opens up for free trade, we would expect
workers to become relatively better off
Answers
The Stolper-Samuelson theorem is a theoretical hypothesis that attempts to explain the connection between the relative prices of goods and the factor prices of labour and capital.
It is named after the American economists Wolfgang Stolper and Paul Samuelson. It states that if a country specializes in the production and export of goods that use its abundant factor, such as labour in the case of a labour-abundant country, it will experience an increase in the relative price of its exports compared to its imports. This increase in the price of exports will lead to an increase in the demand for the country's abundant factor, leading to an increase in its price. As a result, workers in the country's abundant factor industry will experience an increase in their wages, and they will become relatively better off. On the other hand, the owners of the scarce factor will experience a decline in their earnings, as the price of their factor falls. The Stolper-Samuelson theorem suggests that free trade can have distributional effects on a country's economy, and these effects can be influenced by the factors of production and their relative abundance. Thus, it can be concluded that when a relatively labour-abundant country opens up for free trade, we would expect workers to become relatively better off, and the owners of the scarce factor of production will experience a decline in their earnings.
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According to the Stolper-Samuelson theorem, when a relatively labour-abundant country opens up for free trade, we would expect workers to become relatively better off.
In the case of a labor-rich economy that expands its trade relations with the outside world, the Stolper-Samuelson Theorem predicts that labour will benefit relative to capital owners. The Stolper-Samuelson Theorem, named after Wolfgang Stolper and Paul Samuelson, both American economists, was first published in 1941 and represents a significant theoretical contribution to the analysis of trade and labor markets in economics.
The Stolper-Samuelson Theorem predicts that free trade will result in a rise in the price of the labor-intensive commodity and a reduction in the price of the capital-intensive commodity in a labor-abundant economy. The theorem establishes a connection between the distribution of resources within an economy and the price of traded goods, which determines the relative returns of the factors of production in the economy.
The Stolper Samuelson Theorem also highlights the potential for trade to have distributional consequences across the various factors of production, particularly labour and capital. This is particularly relevant for developing countries that depend heavily on labor-intensive exports as a source of income. It is anticipated that opening up trade with other countries would raise demand for labor-intensive products, leading to an increase in the demand for labor, and, as a result, an increase in wages and a reduction in inequality. In conclusion, the Stolper-Samuelson Theorem predicts that opening up trade can have distributional consequences for the factors of production, particularly labor and capital.
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Related Questions
Madrid Company has provided the following data (ignore income taxes):
2014 revenues were $77,500.
2014 net income was $33,900.
Dividends declared and paid during 2014 totaled $5,700. Total assets at December 31, 2014 were $217,000. Total stockholders' equity at December 31, 2014 was $123,000. Retained earnings at December 31, 2014 were $83,000.
Which of the following is not correct? a.2014 expenses were $43,600.
b.Total liabilities at December 31, 2014 were $94,000.
c.Retained earnings increased $33,900 during 2014.
d.Common stock at December 31, 2014 was $40,000.
Answers
The incorrect statement is a. 2014 expenses were $43,600. To calculate expenses, we need to know the net income and any changes in retained earnings.
However, we only have the net income and retained earnings at the end of the year, not the beginning. Therefore, we cannot calculate the expenses for the year.
b. Total liabilities at December 31, 2014 were $94,000 is a possible statement, but we do not have enough information to confirm or deny it. c. Retained earnings increased $33,900 during 2014 is a correct statement based on the data given. d. Common stock at December 31, 2014 was $40,000 is a possible statement, but we do not have enough information to confirm or deny it.
In summary, the statement that cannot be determined from the data given is a. 2014 expenses were $43,600.
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Why don't many developing countries benefit from the spread of free trade?
O A. They don't possess important natural resources.
O B. They cannot afford to give foreign aid.
C. They have large trade deficits.
O D. They have weak domestic industries.
Answers
Import and export restrictions are not present in a free trade system. It can also be seen as the free market concept implemented in global trade. Hence option A is correct .
What is Free Trade ?Political parties with economic liberal stances are more likely to support free trade than economic nationalist and left-wing parties, who typically support protectionism, which is the antithesis of free trade.
Today, the majority of countries participate in multilateral trade agreements through the World Trade Organization. The unilateral action of Great Britain, which from the middle of the 19th century through the 1920s decreased import and export controls and levies, served as the best example of free trade.
An alternate strategy is to establish free trade zones between groups of nations through agreements, like the European Economic Area and the open markets of Mercosur.separates that free trade zone from the rest of the world by building a protectionist wall. Most governments continue to enact protectionist measures like charging tariffs to imports or providing export subsidies in an effort to support local jobs.
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Suppose in a country you're given the following information:
- the number unemployed is 83
- the total population is 1,515
- the number employed is 870
- the number of discouraged workers is 52.
The unemployment rate is equal to __________ **Enter your answer with one (only one!) decimal place. Even if your answer is a whole number you must report it with 1 decimal place. For example, 12.0 or 15.0.
Answers
Therefore, the unemployment rate is equal to 8.7%.
The total labor force in the country is equal to the sum of the employed and unemployed individuals.
Therefore, the labor force in this country is equal to:
Employed + Unemployed = 870 + 83 = 953
We can calculate the labor force participation rate (LFPR) by dividing the labor force by the total population:
LFPR = (Employed + Unemployed) / Total Population
= 953 / 1515
= 0.63 or 63%
The unemployment rate (UER) can be calculated by dividing the number of unemployed individuals by the labor force:
= Unemployed / (Employed + Unemployed) x 100%
= 83 / 953 x 100%= 8.7%
However, the question asked for the answer to be reported with one decimal place.
Therefore, the unemployment rate is equal to 8.7% which rounded to one decimal place is 8.7%.
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Ashleigh hires a group of security staff. Each worker works an average of 80 hours per month at $14/hour. If her monthly labor cost for security workers is $23,520, how many security workers did Ashleigh hire? a) 15 b) 21 c) 36 d) 47
Answers
Answer:
b) 21
Explanation:
Each worker works an average of 80 hours per month and earns $14 per hour.
Each employee will earn 80 hours multiplied by $14
=80 x $14
=$1,120
If the monthly labor cost for security worked is $23,520, she has hired
=$23,520/$1,120
=21 security workers
Answer: 21 workers
Explanation:
What is the name for the process that marketers use to plan, develop, execute, and evaluate coordinated, measurable, persuasive brand communication programs over time to target audiences?
Answers
Answer:
Integrated Marketing Communication
Explanation:
As the name implies, the concept of integrated marketing communication is aimed at leveraging the power that comes with the synergy between different marketing and communication tools and services such as consistent and repetitive advert placement, sales and promotional offers, coordinated and friendly marketing campaigns, and son on, all these carefully and strategically tailored towards the gradual and steady capture of a specific target audience over a certain period of time. These integrated marketing strategy or procedure is aimed towards such audience so that it would cover all aspects of the consumers wants in other to ultimately impact their deciak making and adoption of the product or services.
when the price of labor rises, firms have a tendency to use
Answers
When the price of labor rises, firms have a tendency to use alternative inputs to produce goods or services, such as automation, outsourcing, or subcontracting.
This is because an increase in the cost of labor makes it more expensive for firms to hire workers, which can lead to higher production costs and lower profit margins.
One common alternative to hiring more workers is to invest in automation technologies, such as robotics or software, which can perform tasks previously done by human workers. This can help firms reduce their reliance on labor and increase their efficiency and productivity.
Another option is to outsource certain tasks or activities to other companies or locations where labor costs are lower. This allows firms to take advantage of lower wages and other cost savings, while still maintaining control over their production process and quality standards.
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in january 2024, summit department store sells a gift card for $85 and receives cash. in february 2024, the customer comes back and spends $55 of the gift card to purchase a water bottle. what is the financial statement effect of the sale of the gift card in january?
Answers
Increase assets by $85 and increase liabilities by $85 as Summit Department Store sells a gift card for $85 and receives cash, here cash increases by $85 and liability to the customer as a gift card also increases by $85.
Liabilities show a net loss in value while assets show a net gain in value and investors use the ratio of assets to liabilities to value a firm by comparing the total assets and liabilities of the company in a conventional accounting equation.
Any goods or resources that helps an individual, a government, or a business produce cash flow, cut costs, or give future economic advantages is considered as an asset it have an economic value and can improve corporate operations, boost a company's value, or increase a person's net worth.
Physical or intangible assets are those that can be sold now or in the future, as well as those that are used in day-to-day operations of a firm, these all can be classified as assets.
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Question 23
In which of the following occasions would formal rulemaking be used by a federal agency?
In all circumstances when rules are made.
In no circumstances when rules are made.
O When Congress has specifically indicated in the enabling statute that agency rules must be made off the record before a hearing.
When Congress has specifically indicated in the enabling statute that agency rules must be made on the record after a hearing.
Answers
When Congress has specifically indicated in the enabling statute that agency rules must be made on the record after a hearing, formal rulemaking would be used by a federal agency.
Formal rulemaking is a process that involves a public hearing, where interested parties are given an opportunity to present evidence and arguments for or against the proposed rule. The agency must also provide a detailed explanation for its decision and must consider all relevant information and comments submitted during the hearing.
This process is generally used when Congress has mandated that the agency follow a specific rulemaking process for a particular rule or when the rule will have a significant impact on the public or industry. In contrast, informal rulemaking is a more flexible process that involves notice and comment rulemaking, where the agency publishes a proposed rule and invites public comments before issuing a final rule.
This process is typically used for less controversial or technical rules. In summary, formal rulemaking is used when Congress requires it or when a rule is likely to have a significant impact on the public, while informal rulemaking is used for less controversial or technical rules.
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Question 24 (4 Marks)
If South Africa has very high debt to GDP levels, which of the following statements about this debt is INCORRECT?
a. If all the debt was financed domestically, then this debt would not be a burden for future generations.
b. If all the debt was financed domestically, then it would attract interest
c. Very debt levels place a country at a risk of defaulting on repayments
d. Very high debt levels restrict a government’s ability to address
Answers
If South Africa has very high debt to GDP levels, the statement that is INCORRECT about this debt is: "If all the debt was financed domestically, then this debt would not be a burden for future generations".
Debt is the amount of money that is borrowed and owed by one party to another. In the case of South Africa, the debt-to-GDP ratio is very high. GDP means Gross Domestic Product, the total value of goods produced and services provided in a country during one year. South Africa's debt to GDP ratio increased due to lower tax collection, as well as financial support to Eskom, a state-owned electricity provider, and other SOEs, i.e., State-Owned Enterprises. South Africa's high debt level increases the risk of default on repayments, as the debt increases so do the repayment amounts.
Debt is often financed through loans and bonds, which attract interest. Thus, it is incorrect to say that if all the debt was financed domestically, then this debt would not be a burden for future generations. The interest rate would have to be paid, which would restrict the government's ability to address other issues of the country. In short, option A is incorrect about South Africa's high debt level.
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If the liabilities of a business increased $85.000 during a period of time and the equity in the business decreased $35,000 during the same period, the assets of the business must have: Muitiple Choice O Decreased $120,000 O Increased $35,000 O ncreased $50,000 O Decreased $50.000 O Iincreased $120,000
Answers
Liabilities increased by $85,000 and Equity decreased by $35,000, so Assets must have increased by $50,000 to keep the equation balanced.
Assets are economic resources owned or controlled by a business entity that can provide future economic benefits. Assets can be tangible, such as physical property and equipment, or intangible, such as patents and trademarks.
Assets are important because they can generate revenue and help a company achieve its business objectives. They are also used to calculate important financial ratios such as return on assets and asset turnover, which provide insight into a company's financial performance and efficiency.
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Businesses are usually interested in promoting growth because it:
A. expands the frontier on their production possibilities curves.
B. weakens productivity for competing businesses.
C. reduces their need to pay a large staff of employees.
D. creates additional marketing value without extra investment.
Answers
Answer: A - expands the frontier on their production possibilities curves
Explanation:
It was correct when checked
Businesses are usually interested in promoting growth because it expands the frontier on their production possibilities curve. Hence, option A holds true regarding business growth.
What is business growth?An expansion in the scope of business, which gives business an opportunity to improve the productivity and increase the sales exponentially, ultimately leading to increased profitability, is known as business growth.
Increased productivity at a constant rate enables a business to assume expanding its production capacities on the production possibilities curve, which can be determined through graphical representation.
Hence, option A holds true regarding the business growth.
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- You own a 40 ha forest stand that you inherited from your parents, which you lease to a moose hunter for 50 years, and receive $20/ha at the end of each year. The discount rate is 5%. [15] 1. What is the present value of this income, if the hunter makes annual payment of $20/ha ? 2. What is the present value of this income, if the hunters makes $100/ ha payment at the end of every 5 years? 3. If the hunter offered to buy the land from you for $20000, would you accept their offer? Defend your decision. [Assume that due to certain environmental regulations land cannot be converted to any other use and can only be used for Moose hunting. While taking your decision you also take into the income stream that your coming generation may get, if land remains with the family forever.]
Answers
The present value of the income from leasing the forest stand with $100/ha payment every 5 years is approximately $3,559.11.
Based solely on these figures, it would not be advisable to accept the offer of $20,000.
To calculate the present value of the income from leasing the forest stand, we can use the formula for the present value of an annuity:
PV = PMT × (1 - (1 + r)⁽⁻ⁿ⁾) / r
Where PV is the present value, PMT is the annual payment, r is the discount rate, and n is the number of years.
In this case, the annual payment is $20/ha, the discount rate is 5% (or 0.05), and the lease period is 50 years.
The forest stand is 40 ha in size.
PV = $20 × 40 × (1 - (1 + 0.05)⁽⁻⁵⁰⁾) / 0.05
PV ≈ $617.57
Therefore, the present value of the income from leasing the forest stand is approximately $617.57.
If the hunter makes a payment of $100/ha at the end of every 5 years, we need to calculate the present value using the same formula, but adjusted for the different payment schedule.
PV = PMT × [(1 - (1 + r)⁽⁻ⁿ⁾) / r] ×\((1 - (1 + r)^{(-m)}\))
Where m is the number of years between payments (in this case, 5 years).
Using the given values:
PMT = $100/ha,
r = 0.05,
n = 50 years, and
m = 5 years:
PV = $100 × 40 × [(1 - (1 + 0.05)⁽⁻⁵⁰⁾) / 0.05] × (1 - (1 + 0.05)⁽⁻⁵⁾)
PV ≈ $3,559.11
Therefore, the present value of the income from leasing the forest stand with $100/ha payment every 5 years is approximately $3,559.11.
To evaluate whether to accept the hunter's offer to buy the land for $20,000, we need to compare the present value of the income from leasing the land to the offer price.
Considering the income stream from leasing the land is expected to continue for 50 years, and assuming no other factors affecting the decision, we can compare the present value of the income from the lease to the offer price:
PV of leasing income (annual $20/ha payment) ≈ $617.57
Offer price = $20,000
Based solely on these figures, it would not be advisable to accept the offer of $20,000.
The present value of the leasing income is significantly lower than the offer price.
Additionally, considering the land has value for future generations, retaining ownership and continuing to receive annual income may provide more long-term benefits compared to a one-time sale.
However, it's important to consider other factors and potential future changes in circumstances, such as inflation, the financial needs of the current owner, and any potential risks or uncertainties associated with leasing the land.
These factors should be carefully evaluated before making a final decision.
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Which industry is the second-largest employer of teens
and young people?
What percentage of employed teens are employed by
the government?
I got it
is retail trade
and 7%
Answers
Answer:
I. Retail industry
ii. 7%
Explanation:
Retail industry is the second largest employers of teen and young people next to health sector which is the largest employer.
Retailing involves buying goods either from the producers or wholesaler and selling them to the final consumers. Some services are also offered in these retailing such as call center representative, those who work in innovation lab. etc
In the United States, about 7% of teens and young people are in the employment of government , while retail industry is the largest employer of teen and young people because it provides flexibility and also do not involve much academic qualifications.
Example of these retail jobs are those who work in call center, sales representatives and those who works in stores.
Answer:
Retail Trade
7%
Explanation:
Edge 2020
which is a common use for minerals
Answers
Answer:
in food they provide day-to-day nutrients that the body needs in order to function
Explanation:
Answer:
Apple sauce!
Explanation:
Hope this helps sorry if it does not! :0
Prepaid expenses require what type of adjusting entry? Question options: Matched Accumulated Accrued Deferral
Answers
Answer:
deferral
Explanation:
Adjusting entries are when changes are made to already recorded journal entries.
Categories of adjusting entries :
accrued revenuesaccrued expensesunearned revenuesprepaid expensesdepreciation.Prepaid expenses are payments made for services yet to be delivered.
For example, paying for a year's worth of subscription on your streaming service
Prepaid expenses is an example of deferred payment, so the adjustment should be a deferral
Help this is super confusing
Answers
Answer: Reasons
Explanation: Crystals are collected for jewelry, sugar, salt, computer chips. So if it shows you all those examples it would be collected for many reasons. I hope this helped!
Who are office chief , sectional chief and assistant in school ?
Answers
Answer:
Post of the principle : A principal in a company is typically the owner, founder or chief executive officer (CEO) of a company. In some situations, the principal might be someone who owns most of the company's equity and is responsible for making big business decisions.
Post of the teacher : Teaching post means any post in a school or institution occupied by a teacher for the purpose of teaching. teaching post means a post, the duties of which involve teaching and training the students and other academic responsibilities.
Post of the counter worker : They call the childs parents if anything is wrong at school and is responsible of collecting the school fees and payment
Explanation:
Answer:
Sectional chief is the bridge between top and low level chiefs. One of the most important functions of a sectional chief is to report the performance, problems and achievements of the department to the office chief. Office Assistant: They are those personnel who work at lower level in an organization.
Teacher's post: Teaching post means any post in a school or institution occupied by a teacher for the purpose of teaching. teaching post means a post, the duties of which involve teaching and training the students and other academic responsibilities.
Under B, subsection 6. HEATING VENTILATION AND AIR CONDITIONING SYSTEMS, changes to energy efficiency regulations impact the installation, replacement, and some repairs of heating and air conditioning units (HVAC). Which level of government are responsible for these regulations?
Answers
Answer:
State and federal government.
Explanation:
According to the Building Energy Efficiency standards;
Under B, subsection 6. HEATING VENTILATION AND AIR CONDITIONING SYSTEMS, changes to energy efficiency regulations impact the installation, replacement, and some repairs of heating and air conditioning units (HVAC). The level of government that are responsible for these regulations are both state and federal government.
This ultimately implies that, state and federal government are saddled with the responsibility of ensuring project managers, building engineers and other professionals abide by the regulations or standards with respect to HEATING VENTILATION AND AIR CONDITIONING SYSTEMS (HVAC).
3. The owner of a specialty delicatessen buys baskets, decorates and fills them with food items, and
sells them as one of the products in the shop. The entrepreneur sells an average of 130 baskets a
month The basket supplier charges $0.50 per basket. The entrepreneur would like to reduce his
variable costs and has found a basket supplier who will charge only $0.40 per basket. How much
will the delicatessen owner save in a year by changing suppliers?
Answers
Answer:
$156
Explanation:
he old price per basket is $0.50 per basket
the new supplier has a price of $0.40 per basket
Savings per basket is $0.10 ($.50- $0.40)
The average sales per month are 130 baskets.
The average savings per months will be
=$0.10 x 130
=$13
yearly savings will be
=$13 x 12 months
=$156
Suppose the city of Austin, TX chooses to regulate the number of street vendors operating near the University of Texas by requiring each vendor to own a permit in order to operate. The city gives free permits to all existing vendors and announces that no new permits will ever be issued. Prior to regulation, the costs (including implicit costs) of operating were $85,000 and revenues were $150,000. The city ordinance allows the permits to be bought and sold without restriction. The permits have no expiration date. The interest rate is 10 percent. After regulation, existing street vendors earn an
A. accounting profit of zero.
B. economic profit of $130,000.
C. economic rent of $65,000
D. economic loss.
Answers
Answer:
economic rent of $65,000
Explanation:
Economic rent is the amount of money paid in excess to a factor of production in excess of what is socially optimum
Economic rent = $150,000 - $85,000 = $65,000
Accounting profit= total revenue - explicit cost
Total revenue =price x quantity sold
Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials
Economic profit = accounting profit - implicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives
Without the regulation, economic profit would be driven to zero.
A. what percent of new yorkâs state high school teachers earn between $70,000 and $75,000? (round intermediate calculations to 2 decimal places and final answer to 2 decimal places.)
Answers
a. Approximately 4.78% of New York's state high school teachers earn between $70,000 and $75,000.
b. Approximately 81.84% of New York's state high school teachers earn between $75,000 and $90,000.
c. Approximately 9.86% of New York's state high school teachers earn less than $60,000.
To determine the percentage of high school teachers in New York State who fall within certain salary ranges, we can utilize the mean salary and standard deviation provided. We'll assume that the salaries follow a normal distribution, which is a common assumption when dealing with large datasets. By using properties of the normal distribution, we can calculate the probabilities associated with different salary ranges.
a. To find the percentage of New York's state high school teachers who earn between $70,000 and $75,000, we need to calculate the area under the normal distribution curve between these two values. First, we convert these values to z-scores by subtracting the mean and dividing by the standard deviation:
Z₁1 = (70,000 - 81,410) / 9,500 ≈ -1.19
Z₂ = (75,000 - 81,410) / 9,500 ≈ -0.68
Using a standard normal distribution table or a statistical calculator, we can find the area between these z-scores, which corresponds to the percentage of teachers in the specified salary range. The difference between the cumulative probabilities is:
P(Z < -0.68) - P(Z < -1.19) ≈ 0.4129 - 0.3641 ≈ 0.0488
So, approximately 4.88% (rounded to 2 decimal places) of New York's state high school teachers earn between $70,000 and $75,000.
b. Similarly, to find the percentage of teachers who earn between $75,000 and $90,000, we calculate the z-scores:
Z₁ = (75,000 - 81,410) / 9,500 ≈ -0.68
Z₂ = (90,000 - 81,410) / 9,500 ≈ 0.90
The difference between the cumulative probabilities is:
P(Z < 0.90) - P(Z < -0.68) ≈ 0.8159 - 0.4129 ≈ 0.403
Approximately 40.3% (rounded to 2 decimal places) of New York's state high school teachers earn between $75,000 and $90,000.
c. To determine the percentage of teachers earning less than $60,000, we calculate the z-score for this value:
Z = (60,000 - 81,410) / 9,500 ≈ -2.25
We find the cumulative probability for this z-score:
P(Z < -2.25) ≈ 0.0122
Approximately 1.22% (rounded to 2 decimal places) of New York's state high school teachers earn less than $60,000.
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Complete Question
In New York State, the mean salary for high school teachers in 2017 was $81,410 with a standard deviation of $9,500. Only Alaska's mean salary was higher! Assume New York's state salaries follow a normal distribution.
a. What percent of New York's state high school teachers earn between $70,000 and $75,000? (Round intermediate calculations to 2 decimal places and final answer to 2 decimal places.) Percent %
b. What percent of New York's state high school teachers earn between $75,000 and $90,000? (Round intermediate calculations to 2 decimal places and final answer to 2 decimal places.) Percent %
c. What percent of New York's state high school teachers earn less than $60,000? (Round intermediate calculations to 2 decimal places and final answer to 2 decimal places.) Percent %
What's the difference between a checking account and a savings account?
A. A checking account has fewer fees.
B. A savings account comes with a debit card.
C. A savings account earns interest.
D. A checking account comes with a credit card.
Answers
Answer:
D. A checking account comes with a credit card.
Explanation:
A checking account is opened to facilitate regular bank transactions such as deposits, withdraws, cash transfers, payments, among others. There are no limits to the number of transactions that one can perform per period. Bank's fee and charges are applicable per transaction. To facilitate payments, withdrawals, and deposits, banks provide debit cards to customers.
Savings accounts are designed to help customers accumulate funds for future use. Banks limit withdrawals and offer interest payments to encourage customers to save. Savings accounts have fewer charges and don't come with debit cards.
Why do all businesses need to consider the kind of packaging they use?
Answers
MacDonald's Farm, Green Acres, and Mickey's Farm sell wheat in a pure-competition environment which means that no
business sells endugh of the product to influence the price.
O true
O false
Answers
Different sellers of wheat like MacDonald's farm and Mickey's Farm where they do not have an influence on the price marks the existence of pure competition in the economy.
What is pure competition?Pure competition refers to a market where there is free entry and exit of buyers and sellers in the market selling exactly the same product with, no buyer or seller can influence the price.
Hence, if there is a pure competition in the wheat market, none from the aforementioned sellers would be able to sell enough so that they can influence the price.
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What do the clothing designers Rag & Bone and Eileen Fisher have in common?
A.
Both have extensive mentorship programs for young designers.
B.
They both have pledged that all their retail shops will be barrier free.
C.
Both companies make most of their clothing from banana fibers.
D.
They both encourage customers to return worn-out clothes for reuse
Answers
Answer: They both encourage customers to return worn-out clothes for reuse
Explanation:
Clothing designers Rag & Bone and Eileen Fisher are similar due to the fact that one can recycle old clothes and shoes and get rewarded. By bringing an Eileen Fisher cloth to their renew store, the person will get $5.
Also, when one beings an old denim to Rag & Bones, the person will get a discount the next time he or she buys a cloth from Rag & Bones.
The government is concerned that the high inflation rate is threatening the sustainability of recent economic growth. What is the best way for the government to reduce the inflation rate?
Answers
Answer:
both raising taxes and reducing government spending, reduce the amount of money in the economy and reduce inflationary pressure on prices
Explanation:
Inflation is a situation where prices of goods and services become high. It can be caused by increased sand where consumers are willing to spend more on goods, or by an increase in production cost forcing suppliers to increase price.
The government can take various measures to control price increase during an inflation.
If money supply is reduced by less government spending and increased tax, there will be less tendency for price to increase.
Consumers will not be able to buy at the high price so suppliers are forced to reduce their prices
Why miscommunication and misunderstanding happen
Answers
Answer:
misunderstanding happens due to the distance . misunderstanding happen due to lack of time to solve problem . misunderstanding happens due to third person between two persons . misunderstanding happens due to the virtual world .
Quality Improvement and Profitability Objective due to a quality improvement program. Required: 1. Compute the quality costs for all four years. By how much did net income increase from Year 1 to Year
Answers
The quality costs for the four years are as follows:
Year 1: $10,000,000Year 2: $9,680,000Year 3: $7,920,000Year 4: $6,720,000The net income increase from Year 1 to Year 2 due to quality improvements is determined.
To compute the quality costs for each year, we multiply the sales revenues by the respective quality costs as a percentage of revenues.
Quality Costs for each year:
Year 1: $40,000,000 × 25% = $10,000,000
Year 2: $44,000,000 × 22% = $9,680,000
Year 3: $44,000,000 × 18% = $7,920,000
Year 4: $48,000,000 × 14% = $6,720,000
To calculate the net income increase from Year 1 to Year 2 due to quality improvements, we need to compare the net incomes for both years. However, the net income values are not provided in the given information. Without the net income values, we cannot determine the exact increase in net income. Additional information or data is required to calculate the net income increase specifically caused by quality improvements.
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The complete question is:
Question: Quality Improvement And Profitability Objective Ming Company Reported The Following Sales And Quality Costs For The Past Four Years. Assume That All Quality Costs Are Variable And That All Changes In The Quality Cost Ratios Are Due To A Quality Improvement Program. Year
Quality Improvement and Profitability Objective
Ming Company reported the following sales and quality costs for the past four years. Assume that all quality costs are variable and that all changes in the quality cost ratios are due to a quality improvement program.
Year
Sales Revenues
Quality Costs as a Percent of Revenues
1
$40,000,000
25%
2
44,000,000
22
3
44,000,000
18
4
48,000,000
14
Required:
1. Compute the quality costs for all four years.
Quality Cost
Year 1
$fill in the blank 1
Year 2
$fill in the blank 2
Year 3
$fill in the blank 3
Year 4
$fill in the blank 4
By how much did net income increase from Year 1 to Year 2 because of quality improvements?
a systemic approach to creating and ensuring channel fluidity in the flows of goods and services through shared information, communications and technologies is best described as:
Answers
The systemic approach to creating and ensuring channel fluidity in the flows of goods and services through shared information, communications and technologies is known as supply chain management.
Supply chain management involves the coordination of all activities involved in the production and delivery of goods and services, from the sourcing of raw materials to the delivery of finished products to customers.
This includes managing relationships with suppliers, optimizing inventory levels, streamlining logistics processes, and ensuring timely and efficient delivery. Effective supply chain management can result in lower costs, increased efficiency, improved customer satisfaction, and ultimately, increased profitability for a business.
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Alternative methods exist for the measurement of the pension obligation (liability). Which measure requires the use of future salaries in its computation
Answers
Answer: Projected benefit obligation
Explanation: The projected benefit obligation is a method employed in the calculation of pension liability or expenses. The projected benefit obligation determines the amount an organization will have to sidea side into a pension benefit scheme or plan which will be adequate enough to cater for the pension or entitlement of the company's employees while also incorporating expected Increment in salaries of workers in it's computation. In preparing a projected benefit obligation, factors which are considered and incorporated in the calculation includes but not limited to ; future rise in employees salaries, estimated years of service.
In accounting, the measure that requires the use of future salaries in its computation is projected benefit obligation.
What is projected benefit obligation?
A projected benefit obligation can be regarded as an actuarial measurement of the nerds of a company so as as to cover future pension liabilities at that time.
It should be noted that projected benefit obligation always take an assumption that there wont be a terminated plan in foreseeable future.
Therefore, Alternative methods exist for the measurement of the pension obligation can be regarded as projected benefit obligation.
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