ECON 1-Final Project For the final project, students will write a 4-6-page paper (cover and reference page included). Students w two topics: (a) Poverty trap or (b) Income inequality. Assignments would need to be written in Times New double spaced with cover and reference pages. Paragraphs would need to be included and indented. Stude allowed to submit their final project in one of two forms: a paper or a video presentation. Using MS Word or any media sources include phone video. Voice Thread, Kaltura, Prezi, Adobe Spark Vide video apps like "I can present", explain one of these two topics using microeconomics concept. TOPIC 1: POVERTY TRAP a. What is poverty trap in economics? Explain in detail giving some historical precedent. b. What are some of the factors that lead to poverty trap? c. Give at least two examples of poverty trap or a government program that has aided poverty trap. d. Provide rationale on why you consider your examples poverty trap. e. What government programs are useful in reducing poverty? f. What are the shortcomings of these government programs g. Provide solutions/recommendations to overcome poverty trap

The association between the age of a car and the total amount spent on maintenance since its purchase can vary and is influenced by several factors. In general, one would expect a positive association between these variables.

As a car gets older, it is more likely to require additional maintenance and repairs due to wear and tear, potential mechanical issues, and the aging of its components. Older cars may also be more susceptible to breakdowns and may need more frequent maintenance to keep them in good working condition. Consequently, the total amount spent on maintenance tends to increase as the car's age increases.

However, it is important to note that the association may not be entirely linear or consistent for all cases. The specific condition of the car, its make and model, maintenance history, and the driving habits of the owner can all influence the maintenance costs. Additionally, well-maintained older cars may still have lower maintenance costs compared to poorly maintained newer cars.

Therefore, while a positive association is generally expected between the age of a car and the total amount spent on maintenance, it is essential to consider individual circumstances and factors that can influence this relationship.

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App campaigns are a strategy used to promote and increase the visibility of mobile apps. This can be done through various channels, such as app store optimization, social media advertising, influencer marketing, email marketing, and more.

Roberto should highlight the following three main benefits of app campaigns for app promotion:

Increased Visibility: An app campaign can increase the visibility of the app by reaching a large and targeted audience. This can help the app get noticed by potential users and result in more downloads.

Better Targeting: App campaigns allow for better targeting of specific demographics, such as age, gender, and interests. This helps ensure that the app is being marketed to users who are more likely to be interested in downloading and using it.

Cost-Effective: App campaigns can be a cost-effective way to promote an app, as they allow for precise targeting and can be optimized for cost efficiency. This means that the campaign can reach its intended audience with less wasted ad spend.

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The overhead rate for each activity in Morgana Company's manufacturing process is as follows:

- Machine setups: $60 per setup

- Machining: $15 per machine hour

- Inspections: $50 per inspection

To calculate the overhead rate for each activity, we divide the estimated annual overhead cost by the estimated annual usage of the cost driver for that activity.

For machine setups, the estimated annual overhead cost is $150,000 and the estimated annual usage is 2,500 setups. Therefore, the overhead rate for machine setups is calculated as follows:

Overhead rate for machine setups = $150,000 / 2,500 = $60 per setup

For machining, the estimated annual overhead cost is $375,000 and the estimated annual usage is 25,000 machine hours. Thus, the overhead rate for machining is:

Overhead rate for machining = $375,000 / 25,000 = $15 per machine hour

Lastly, for inspections, the estimated annual overhead cost is $87,500 and the estimated annual usage is 1,750 inspections. Thus, the overhead rate for inspections is:

Overhead rate for inspections = $87,500 / 1,750 = $50 per inspection

These overhead rates allow Morgana Company to allocate the overhead costs of each activity based on the actual usage of the cost drivers, providing a more accurate representation of the overhead costs associated with each activity.

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Answer:

You can distribute samples to local makeup artists, launch a promotional blog, send press releases to publications that cover beauty products, or open social networking accounts to introduce your company to new people. invest in beauty and cosmetics brands invest in cosmetics business.

Explanation:

The value of the return as a percent is 21.09%.

In this scenario, we have to calculate the return as a percentage if we purchase a stock that pays no dividend at the beginning of the year for $204.60 and then sells it at the end of the year for $247.72.

The formula to calculate the return on an investment in percentage is given by;

Return on Investment (ROI) = [(Net Profit / Cost of Investment) * 100]

Given, the cost of investment at the beginning of the year = $204.60

Selling price of the stock at the end of the year = $247.72

Net Profit = Selling Price - Cost of Investment = $247.72 - $204.60 = $43.12

Now, putting the values in the ROI formula;

Return on Investment (ROI) = [(Net Profit / Cost of Investment) * 100]= [(43.12 / 204.60) * 100]= 21.09%

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The sales price from one unit of products less the variable manufacturing expenses is the financial aspect per unit.

The profit margin, which is typically represented as a percentage, is the margin by which a company's sales revenue exceeds its costs. Additionally, it can be expressed as net profit or profit divided by the sales. For instance, a profit margin of 30% indicates that for every $100 in revenue, $30 is made in net income.

Start with your net income, which is the disparity between revenue and COGS, to figure out your profit margin. Next, determine what proportion of the revenue is the gross income. Divide your gross margin by your revenue to get this.

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The demand for rental apartments and flats would increase, rent would go to an all-time high, and let's assume that average earnings in Los Angeles increased by around 10%.

The imposed maximum price a seller is allowed to keep for a good or service is known as a price ceiling. Price ceilings are often imposed to necessities like food and energy supplies when they become unaffordable for average customers. Price ceilings are typically established by law. In short, a price cap is a form of pricing control.

The product will benefit those who are able to purchase it at the reduced price set by the price ceiling, but suppliers of will be in loss.

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In the process of determining, it is important to accomplish three things, the problem, gathering relevant information, and analyzing the information to make a decision.

Determining involves making a decision or arriving at a conclusion by analyzing available information. To do so effectively, there are three key things that need to be accomplished.                                                   Firstly, it is crucial to define the problem clearly and accurately. This involves identifying the issue or challenge that needs to be addressed, as well as understanding the context in which it occurs. Without a clear problem statement, it is difficult to gather relevant information or make informed decisions.                                                                           Secondly, gathering relevant information is necessary to make an informed decision. This involves collecting and analyzing data, researching best practices, and seeking input from stakeholders. The quality of the decision-making process is largely dependent on the quality of the information that is used.                                                  Lastly, analyzing the information gathered is crucial in making an effective decision. This involves critically examining the information to identify patterns, insights, and potential solutions. It also involves considering potential consequences and weighing the costs and benefits of different options before arriving at a decision. By completing these three steps, one can make a well-informed and effective decision.

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Answer:

True

Explanation:

1. The process flow diagram illustrates the steps involved in Kristen's Cookie Company's cookie-making process, from order placement to the final delivery. 2. Approximately 26 dozen one dozen orders can be filled in a night, assuming the business is open for 4 hours. 3. It is recommended to incorporate a capacity cushion in the ongoing capacity planning for KCC.

1. Process Flow Diagram:

The process flow diagram for Kristen's Cookie Company's cookie-making process can be represented as follows:

Order -> Wash and mix ingredients -> Spoon cookies onto tray -> Oven baking -> Cool cookies -> Pack cookies -> Accept payment

2.Calculation of One Dozen Orders:

To calculate the number of one dozen orders that can be filled in a night, we need to consider the time required for each step of the process and the available operating hours.

Washing and mixing ingredients: 6 minutes

Spooning cookies onto tray: 2 minutes per tray (each tray holds one dozen cookies)

Oven baking: 10 minutes per tray (each tray holds one dozen cookies)

Cooling cookies: 5 minutes

Packing cookies: 2 minutes per dozen

Accepting payment: 1 minute per dozen

Operating hours: 4 hours

Let's calculate the time required to fulfill one dozen orders:

Washing and mixing ingredients: 6 minutes

Spooning cookies onto tray: 2 minutes

Oven baking: 10 minutes

Cooling cookies: 5 minutes

Packing cookies: 2 minutes

Accepting payment: 1 minute

Total time required per dozen: 6 + 2 + 10 + 5 + 2 + 1 = 26 minutes

Now, we need to calculate how many batches of one dozen cookies can be made in 4 hours:

Number of minutes in 4 hours = 4 hours * 60 minutes/hour = 240 minutes

Number of one dozen orders = 240 minutes / 26 minutes per dozen ≈ 9.23 dozen

Therefore, approximately 9 dozen (or 26 dozen) orders can be filled in a night, assuming the business is open for 4 hours each night.

Bottleneck: The bottleneck in the process is the oven baking step, which takes 10 minutes per tray. As the oven can only hold one tray at a time, this step limits the overall production capacity.

3. Capacity Cushion

In planning for the ongoing capacity of Kristen's Cookie Company (KCC), it is advisable to incorporate a capacity cushion. A capacity cushion is an additional capacity beyond the expected demand that allows for flexibility, accommodates fluctuations in demand, and provides a buffer for unexpected events.

Factors to consider when determining the capacity cushion for KCC:

Variability in demand: If the demand for cookies fluctuates significantly, a larger capacity cushion may be needed to meet peak demand periods.

Flexibility and responsiveness: A smaller capacity cushion allows for quicker response to changing customer orders and reduces the risk of inventory spoilage or obsolescence.

Cost considerations: A larger capacity cushion incurs higher fixed costs due to the need for additional resources, such as equipment and labor.

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The production function exhibits increasing returns to scale. This means that when the inputs, labor and capital, are increased proportionately, output will increase more than proportionately.

Increasing returns to scale is a situation where the increase in output is greater than the increase in the inputs. This occurs when doubling the inputs results in more than double the output. In the given production function, when labor and capital are both doubled, the output increases more than twice as much.

This indicates increasing returns to scale and is characteristic of production functions with the property of increasing returns to scale. As the technical rate of substitution is constant, increasing returns to scale means that the production function exhibits increasing returns for low levels of inputs and decreasing returns for high levels of inputs.

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Answer:

knowing how to play on emotions but also not make people feel like terrible human beings?

Explanation:

Answer:4

Explanation:The total in 4 months would equal 360

4 months will it take you to save enough money to buy your North Face jacket.

What information do we have?

Amount save per paycheck = $45

Amount of jacket = 350 (Missing data)

Amount save per month = 2 × Amount save per paycheck

Amount save per month = 2 × 45

Amount save per month = $90

Number of months need = 350 / 90

Number of months need = 3.88

Number of months need = 4 months

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Depreciation is typically reported on the tax return before it is reported on the income statement. Depreciation is an accounting method used to allocate the cost of an asset over its useful life.

While the concept of depreciation is the same for both tax and financial reporting purposes, the timing of when it is reported can differ. In general, for tax purposes, depreciation is reported earlier on the tax return compared to its reporting on the income statement. This is because tax regulations allow businesses to claim depreciation deductions to reduce taxable income and the associated tax liability. By reporting depreciation on the tax return, businesses can benefit from tax savings in the earlier years of an asset's useful life.

On the other hand, for financial reporting purposes, depreciation is reported on the income statement over the asset's useful life as an expense. This gradual recognition of depreciation expense reflects the matching principle in accounting, which aims to align expenses with the revenues generated from the asset.

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When a country's production mix becomes more specialized due to increased international trade based on comparative advantage, some industries in the country will shrink and possibly disappear.

Comparative advantage is when a country specializes in producing a good or service more effectively than other countries. As a result, countries will trade the goods they can produce more effectively with each other for mutual benefit.

The "production mix" of a country refers to the blend of goods and services that it produces. The production mix of a country becomes more specialized as a result of increased international trade based on comparative advantage. When this happens, some industries in the country will shrink and possibly disappear. This is because the country may choose to focus on producing goods and services in which it has a comparative advantage and import other goods that it cannot produce as efficiently.

This doesn't mean that all industries in the country will disappear. Some industries may still exist because they have a comparative advantage over other countries in producing those goods or services. The economy of the country will grow from the trade, but there may be losses in industries without a comparative advantage that could offset the gains from trade.

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Answer:

the number of codes for cover the coding is 3,200,000

Explanation:

The computation of the number of codes for cover the coding is as follows:

= (Number of coders × number of years × cost per year) ÷ (0.25)

= (4 coders × 2 years × 100,000 per year) ÷ (0.25)

= 3,200,000

Hence, the number of codes for cover the coding is 3,200,000

We simply applied the above formula

A college graduate has a job with a monthly gross pay of 4000. He takes home less than 4000 because his net pay is lower than gross pay.

Gross pay refers to the amount received by the employee without any tax deductions.

A college graduate has a job with a monthly gross pay of 4000. He takes home less than 4000 because his net pay is lower than the gross pay.

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In a closed economy, what remains after paying for consumption and government purchases is the gross domestic investment.

A closed economy is one that does not engage in international trade, meaning there are no imports or exports. In this context, the Gross Domestic Product (GDP) can be represented by the equation:

GDP = Consumption (C) + Government Purchases (G) + Gross Domestic Investment (I)

Consumption (C) refers to the total amount of goods and services consumed by households. Government Purchases (G) are the total amount of goods and services purchased by the government. Gross Domestic Investment (I) represents the sum of all investments made within the economy, including spending on capital goods, residential properties, and changes in business inventories.In a closed economy, the total output produced must be equal to the total spending. Therefore, after paying for consumption and government purchases, the remaining portion of GDP will be the gross domestic investment.

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The break-even point is the point where the profit is equal to .

Therefore to find the break-even point equates the profit function to be equal to 0.

P(x)=300x−25x²

300x−25x²=0

300x/x=25x²/x

300=25x

300/25=x

x=12Units

The break-even point is the point at which total revenue is equal to total cost. At this point, the profit is zero.

What is break-even point?

Breakeven points (BEPs) can be used in a wide range of situations. For example, the breakeven point in a property is the amount of money that the homeowner would need to generate from a sale to exactly offset the net purchase price, which includes closing costs, taxes, fees, insurance, and mortgage interest—as well as costs associated with maintenance and home improvements. At that price, the homeowner would break even, meaning he would not make or lose any money. BEPs are also used by traders to determine what price a security must reach in order to cover all costs associated with a trade, such as taxes, commissions, management fees, and so on.

A company's breakeven point is calculated similarly by taking fixed costs and dividing them by the percentage of gross profit margin.

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Answer:

Chain stores and department stores are two distinct ideas. Department stores have a long history of providing a wide range of products for retail sale, whereas chain shops are retail establishments with the same name and management in numerous locations. Contrary to popular belief, not all department shops are part of a chain. There are numerous chains that aren't thought of as department stores, including eateries and speciality shops. One of the most well-known chained department shops is Macy's, located on Herald Square in New York City.

A department store is often a sizable retail space that provides a wide range of products divided into distinct sections. Retail establishments that are part of a chain share a brand and centralised management. They frequently include standardised corporate procedures.

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Option(A) is the correct answer. Krishna will receive a disability benefit of $660 under the CPP.

To determine the disability benefit that Krishna will receive under the CPP, we need to consider a few factors. First, let's calculate the disability benefit based on the provided information:

The flat-rate disability amount is $496.36 per month.

The maximum monthly disability benefit is $1362.30.

Krishna's entitlement to a CPP retirement benefit is $660 per month.

To calculate the disability benefit, we compare the retirement benefit to the flat-rate disability amount and the maximum monthly disability benefit:

The disability benefit will be the lesser of:

Let's calculate the disability benefit based on the above formula:

Disability benefit = min(retirement benefit, flat-rate disability amount + retirement benefit - flat-rate disability amount)

= min($660, $496.36 + $660 - $496.36)

= min($660, $660)

= $660

Therefore, Krishna will receive a disability benefit of $660 under the CPP.

Option (a) 50, option (b) $865.94, option (c) $991.36, and option (d) $1156.36 are not correct based on the given information. The correct answer is that Krishna will receive a disability benefit of $660 under the CPP.

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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) $660 b) $865.94 C) $991.36 d) $1156.36

Learning rate is the amount of time it takes for someone to complete a task or learn a new skill, as well as the rate at which they progress.

Tina Rock, the operations manager at ProtoBuilders Inc., wants to estimate the learning rate for a new task her company will undertake. Tina has obtained completion time estimates for the first eight assignments performed by six workers for this new task and would like to utilize them to estimate the learning rate.Based on the data provided, the learning rate can be determined by using linear regression to compute the slope of the time required for each task. In this case, the learning rate will be estimated using a scatter plot of completion time versus the task number (from 1 to 8). The slope of the regression line will give an estimate of the learning rate. A higher slope implies a quicker learning rate, whereas a lower slope implies a slower learning rate.

The completion time for each task performed by each worker is plotted on the scatter plot. The regression line of the scatter plot is then generated. The slope of the regression line represents the learning rate. If the slope is high, it suggests a quick learning rate, while a low slope implies a slower learning rate.

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Answer:

hyrufyigkjbhvtdu

Explanation:

fxhdrye75rgikjbhvtdu5ertyhinjbhvcutdbcgjtdlu5et

Answer:

A Money Market Deposit Account is similar to regular savings account, but offers a higher rate of interest in exchange for larger than normal deposits. A Money Market Fund invests in low risk securities

Money market is the account option offers a higher rate of return in exchange for deposits that are larger than normal. Hence, option D is correct.

A money market deposit account offers a greater rate of interest in exchange for larger deposits than usual, Similar to a standard savings account. A money market fund makes low-risk investments.

Commercial paper, call money, bills of exchange, promissory notes, trade credit, and certificates of deposit are the examples.

Thus, option D is correct.

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When comparing the direct write-off and allowance methods, the statement that applies to the direct write-off method is B) the expense is recognized when the account is written off rather than in the period of sale.

The direct write-off method and allowance method are both used for accounting for uncollectible accounts. However, they have different approaches when it comes to recognizing the bad debt expense.

The direct write-off method, as mentioned, recognizes the expense when the account is deemed uncollectible and written off. This means that the bad debt expense is recorded only when the company is sure that the receivable cannot be collected. This method is typically used by small businesses or those with a limited number of receivables.

On the other hand, the allowance method is based on either (1) a percentage of sales or (2) an analysis of receivables. This method creates an allowance for doubtful accounts, which is a contra-asset account that reduces the total receivables on the balance sheet. Under this method, the bad debt expense is estimated and recorded in the same period as the sale, adhering to the matching principle in accounting. This method is primarily used by large companies and those with a large amount of receivables.

In summary, the main difference between the direct write-off method and the allowance method is the timing of recognizing the bad debt expense. The direct write-off method recognizes the expense when the account is written off, while the allowance method recognizes the expense in the same period as the sale. The allowance method is more widely used, especially by large companies with a significant amount of receivables.

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Answer:

2 years

Explanation:

Rate = rate per period = 18%/12 = 1.5%

PV = 3,000

PMT = 150

Number of a payment period = NPER(Rate, PMT, -PV, FV)

Number of a payment period = NPER(18%/12, 150, -3000)

Number of a payment period = 23.96 months

Time to payoff loan = 23.96/12

Time to payoff loan = 1.99667

Time to payoff loan = 2 years

Answer:

It drives companies to push themselves to increase their market value, and make sure all the companies news is relevant and important.

Explanation:

The stock market is an online exchange where prices are put together and people make different trades. The stock market drives them to increase their earnings and ultimately the price per share of their stock.

Answer :

Promotion is the P of marketing Henry may focus on to differentiate his retail shop.

Explanation :

In marketing, there are seven (7) P's that make up the marketing mix. The four (4) most important P's in the marketing mix are P-product, P-price, and P-place. P-promotion According to the text, Henry cannot utilize the first P, which stands for product, because he is aware that his store offers the same quality as the others.

Henry can't utilize the second P, Price, as a marketing technique since he knows that other business owners are already charging the bare minimum to stay competitive. Henry can't utilize the third P, which stands for Place, because his business is on the same street as the other retail stores, and he can't improve on that. Henry's lone marketing tool for beating the competition is the fourth P, which stands for Promotion.

This is because word-of-mouth knowledge established by other business owners is insufficient to create widespread awareness; word-of-mouth can only reach friends and relatives. As a result, the P in marketing that Henry may use is Promotion. He may achieve this by creating global awareness through advertisements on television, radio, social media, printing handbills, and sales promotions such as lottery draws, festive sales, clearance discounts, and offering consumers bonuses such as the buy three, get one free promotion.

Answer:

B)

Explanation:

Makes the most sense considering the scenario.