In 2010, many high-income countries will be focused on the short-term economic horizon due to aggressive and often controversial steps governments took to jump-start these economies out of severe recession. Considering the economic challenges that result from these policies, which of the following actions would be most advisable?
A. extricate themselves from the recession and the policies adopted in fighting that recessionB. to continue to temporarily disregard the foundations for future long-term growthC. find niches that they are well-suited to fill in the global networks of economic productionD. build upon or copy technologies and industries developed by other technology leaders
Answers
Answer:
A. extricate themselves from the recession and the policies adopted in fighting that recession
Explanation:
The United States, Western Europe, and Japan had great financial crisis and deep recession, and suffered from the after-effects of the recession. These effects included increased unemployment rates which could linger for several years. These countries had to focus on the short term rather than the long term. Some of the economies took aggressive and controversial steps by running very big deficit budget as part of expansionary fiscal policy. The countries adopted combination of lower government spending and higher taxes.
The action most advisable would be to
extricate themselves from the recession and the policies adopted in fighting that recession
Related Questions
Identify one supply or demand shifting factor that the community could have some control over or do something about
Answers
One supply or demand shifting factor that the community could have some control over is consumer preferences and behaviors.
1. Consumer Education: The community can actively engage in educating consumers about the benefits of certain products or services. By providing information on the positive impacts of choosing certain goods or services, consumers may shift their preferences towards those options, influencing the demand.
2. Marketing and Advertising: Local businesses and organizations can collaborate to promote goods and services that align with the values and preferences of the community. Effective marketing strategies can influence consumer demand and encourage them to choose specific products, thereby shifting the demand curve.
3. Support for Local Producers: Community members can actively support local producers and businesses by purchasing their goods and services. By creating a demand for locally sourced products, the community can influence supply chain dynamics and encourage businesses to cater to their preferences.
4. Sustainable Practices: Promoting sustainable practices within the community can also have an impact on supply and demand. By advocating for eco-friendly products and services, such as renewable energy or ethically sourced goods, the community can create a shift in consumer demand, influencing businesses to adjust their supply accordingly.
5. Collaboration with Local Authorities: The community can collaborate with local authorities to enact policies that align with their preferences. For example, advocating for stricter environmental regulations or supporting initiatives that promote fair trade can influence both supply and demand factors.
By actively engaging in these steps, the community can exert some control over consumer preferences and behaviors, thereby shifting the supply and demand dynamics in their favor.
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Reintegrative Shaming Theory
What is the difference between reintegrative and stigmatizing
shaming? How does each impact crime?
Answers
According to Reintegrative Shaming Theory, shaming can be either reintegrative or stigmatizing. Reintegrative shaming involves disapproving of a person's behavior but not rejecting the person themselves. This type of shaming seeks to reintegrate the person back into society and encourages them to take responsibility for their actions and make amends.
On the other hand, stigmatizing shaming involves labeling and stigmatizing the person themselves, rather than just their behavior. This type of shaming can lead to the person feeling isolated and rejected from society, potentially increasing their likelihood of committing future crimes.
Research has shown that reintegrative shaming can be effective in reducing crime, as it focuses on changing behavior and promoting accountability. Stigmatizing shaming, on the other hand, may have unintended negative consequences, such as increased resentment and further criminal behavior.
Therefore, it is important for society to focus on promoting reintegrative shaming and avoiding stigmatizing shaming practices.
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Anita wants to start an online business and not use her real name. What type of form
will Anita need to complete when opening a business? Choose the answer.
corporation
franchise
DBA (doing business as)
trademark
Answers
Answer:
trademark
Explanation:
Which of the following statements are true about the 3x3 metrics? Select all that apply
Answers
Based on the information given, the following statements are true about the 3x3 metrics:
It does not include the Service-level Agreements (SLAs) of the process.It includes metrics that are static over a period of time.What is 3x3metrics?3x3 metrics is a process improvement methodology that involves identifying and tracking three critical success measures (CSMs) across three levels of a process. The goal of this methodology is to simplify the measurement and analysis of process performance, while also providing a clear focus on the most important measures of success.
The three levels of the process are typically defined as input, throughput, and output, and the three CSMs are chosen based on their importance to the overall success of the process. By tracking these metrics over time, teams can identify areas for improvement and implement changes to drive better performance.
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complete question
Which of the following statements are true about the 3x3 metrics? Select all that apply. Question 2 options: It includes the three most vital metrics (speed, cost and quality) for our customer outputs. It does not include the Service-level Agreements (SLAs) of the process. It includes metrics that are static over a period of time. It helps the client understand the scope of improvement in a process. It helps the Delivery team focus on the critical success measures
LA Company has a beginning cash balance of $6,000, cash receipts of $12,000, cash payments of $7,200 and an outstanding loan balance of $1,500. Their preliminary cash balance is $
Answers
Based on the information given their preliminary cash balance is $9,300.
Preliminary cash balanceUsing this formula
Preliminary cash balance= Beginning cash balance + cash receipts- cash payment -outstanding loan balance
Let plug in the formula
Preliminary cash balance=$6,000+$12,000-$7,200-$1,500
Preliminary cash balance=$9,300
Inconclusion their preliminary cash balance is $9,300.
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Answer:
10800
Explanation:
1. The executive summary of a project report shall concentrate on a: Major project inputs and outputs: b. The degree of reliability of the data c. The margin of error in terms of uncertainty and risk The project design c/ All of the following
Answers
All the given options are part of the project management that happens in the company or a firm.
What is an executive summary of a project?An executive summary in the project the executives is a synopsis of the most basic data of your undertaking proposition. It's beginning and end that administration has to know when they land on your undertaking before they audit venture plan.
The management included "triangle" of extension, time, and cost has been illuminating undertakings starting from the primary colleague employed to achieve a task. In the essential arrangement of a triple limitation, one of three components can oblige an undertaking.
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PLs, HELP URGENT! Will give brainiest for a proper answer!
Answers
Answer:
D. Has more money for research and development
Explanation:
Answer:
d
Explanation:
Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity: Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value 01/01/2021 $ 379,697 06/30/2021 $ 16,000 $ 18,985 $ 2,985 382,682 12/31/2021 16,000 19,134 3,134 385,816 06/30/2022 16,000 19,291 3,291 389,107 12/31/2022 16,000 19,455 3,455 392,562 06/30/2023 16,000 19,628 3,628 396,190 12/31/2023 16,000 19,810 3,810 400,000 THA buys back the bonds for $384,446 immediately after the interest payment on 12/31/2021 and retires them. What gain or loss, if any, would THA record on this date
Answers
Answer:
THA would record a gain of $1,370 on 12/31/2021
Explanation:
Particulars Amount ($)
Carrying value of bonds after the interest payment on 12/31/2021 385,816
Less: Amount paid on redemption on 12/31/2021 (384,446)
Gain on redemption of bonds 1,370
Entry would be-
Date Account titles and Explanation Debit ($) Credit ($)
12/31/2021 Bonds payable 385,816
Cash 384,446
Gain on redemption of bonds 1,370
(To record redemption of bonds)
Softwind Manufacturing anticipates annual sales of 40,000 units and has the following information regarding one of its products: Annual unit sales 40,000 Fixed manufacturing costs $ 22 Variable manufacturing costs 44 Variable selling and administrative costs 16 Fixed selling and administrative costs 8 Desired profit per unit 18 If Softwind uses cost-plus pricing based on absorption manufacturing cost, what is the sales price Softwind will charge for this product
Answers
Answer:
Selling price= $84
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).
Unitary cost= varaible manufacturing cost + fixed manufacturing cost
Unitary cost= 44 + 22= $66
Selling price= 66 + 18
Selling price= $84
A company wants to have $20,000 at the end of a ten-year period by investing a single sum now. How much needs to be invested in order to have the desired sum in ten years, if the money can be invested at 12%? (Ignore income taxes.) Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.
Answers
Answer:
$6,439.56
Explanation:
The computation is shown below:
As we know that
Future value = Present Value × Future Value Interest Factor
where,
Future value interest factor = ( 1 + r )^10
= ( 1.12 )^10
= 3.1058
Now
Present value of the future sum is
= $20,000 ÷ 3.1058
= $6,439.56
Wiset Company completes these transactions during April of the current year (the terms of all its credit sales are 2/10, n/30)
Apr. 2 Purchased $14,300 of merchandise on credit from Noth Company, terms 2/10, n/60. 3 (a) Sold merchandise on credit to Page Alistair, Invoice No. 760, for $4,000 (cost is $3,000). 3 (b) Purchased $1,480 of office supplies on credit from Custer, Inc. terms n/30. 4 Issued Check No. 587 to World View for advertising expense of $899. 5 Sold merchandise on credit to Paula Kohr, Invoice No. 761, for $8,000 (cost is $6,500). 6 Received an $80 credit memorandum from Custer, Inc., for the return of some of the office supplies received on April 3
9 Purchased $12,125 of store equipment on credit from Hal's Supply, invoice dated April 9, terms n/10 EOM
11 Sold merchandise on credit to Nick Nelson, Invoice No. 762, for $10,500 (cost is $7,000)
12 Issued Check No. 588 to Noth Company in payment of its April 2 invoice less the discount.
13 Received payment from Page Alistair for the April 3 sale less the discount.
13 Sold $5,100 of merchandise on credit to Page Alistair (cost is $3,600), Invoice No. 763
14 Received payment from Paula Kohr for the April 5 sale less the discount.
16 Issued Check No. 589, payable to Payroll, in payment of sales salaries expense for the first half of the month, $10,750. Cashed the check and paid employees
16 Cash sales for the first half of the month are $52,840 (cost is $35,880). (Cash sales are recorded daily from cash register data but are recorded only twice in this problem to reduce repetitive entries.)Page 331
17 Purchased $13,750 of merchandise on credit from Grant Company, invoice dated April 17, terms 2/10, n/30
18 Borrowed $60,000 cash from First State Bank by signing a long-term note payable
20 Received payment from Nic Nelson for the April 11 sale less the discount.
20 Purchased $830 of store supplies on credit from Hal's Supply, invoice dated April 19, terms n/10 EOM
23 Received a $750 credit memorandum from Grant Company for the return of defective merchandise received on April 17
23 Received payment from Page Alistair for the April 13 sale less the discount.
25 Purchased $11,375 of merchandise on credit from Noth Company, invoice dated April 24, terms 2/10 n/60
26 Issued Check No. 590 to Grant Company in payment of its April 17 invoice less the return and the discount.
27 sold $3,170 0f merchandise on credit to Paula Kohr, invoice No 764(cost is 2,520)
27 sold $6,700 of merchandise on credit to Nick Nelson, invoice No 765(cost is $4,305)
30 issued check No 591, payable to payroll, in payment of the sale salaries expense for the last half of the month,$10,750
30 Cash sales for the last half of the month are $73,975 (cost is$58,900)
Required:
Journalize the above transactions.
Answers
The journal entries for the April transactions of Wiset Company are as follows:
Journal Entries:Apr. 2 Debit Inventory $14,300
Credit Accounts Payable (Noth Company) $14,300
Apr. 3 (a) Debit Accounts Receivable (Page Alistair) $4,000
Credit Sales Revenue $4,000
Debit Cost of goods sold $3,000
Credit Inventory $3,000
Apr. 3 (b) Debit Office Supplies $1,480
Credit Accounts Payable (Custer, Inc.) $1,480
Apr. 4 Debit Advertising Expense $899
Credit Cash $899
Apr. 5 Debit Accounts Receivable (Paula Kohr) $8,000
Credit Sales Revenue $8,000
Debit Cost of goods sold $6,500
Credit Inventory $6,500
Apr. 6 Debit Accounts Payable (Custer, Inc.) $80
Credit Inventory $80
Apr. 9 Debit Store Equipment $12,125
Credit Accounts Payable (Hal's Supply) $12,125
Apr. 11 Debit Accounts Receivable (Nick Nelson) $10,500
Credit Sales Revenue $10,500
Debit Cost of goods sold $7,000
Credit Inventory $7,000
Apr. 12 Debit Accounts Payable (Noth Company) $14,300
Credit Cash Discounts $286
Credit Cash $14,014
Apr. 13 Debit Cash $3,920
Debit Cash Discounts $80
Credit Accounts Receivable (Page Alistair) $4,000
Apr. 13 Debit Accounts Receivable (Page Alistair) $5,100
Credit Sales Revenue $5,100
Debit Cost of goods sold $3,600
Credit Inventory $3,600
Apr. 14 Debit Cash $7,840
Debit Cash Discounts $160
Credit Accounts Receivable (Paula Kohr) $8,000
Apr. 16 Debit Sales Salaries Expense $10,750
Credit Cash $10,750
Apr. 16 Debit Cash sales $52,840
Credit Sales Revenue $52,840
Debit Cost of goods sold $35,880
Credit Inventory $35,880
Apr. 17 Debit Inventory $13,750
Credit Accounts Payable (Grant Company) $13,750
Apr. 18 Debit Cash $60,000
Credit Long-term Note Payable (First State Bank) $60,000
Apr. 20 Debit Cash $10,290
Debit Cash Discount $210
Credit Accounts Receivable (Nick Nelson) $10,500
Apr. 20 Debit Store Supplies $830
Credit Accounts Payable (Hal's Supply) $830
Apr. 23 Debit Accounts Payable (Grant Company) $750
Credit Inventory $750
Apr. 23 Debit Cash $4,998
Debit Cash Discounts $102
Credit Accounts Receivable (Page Alistair) $5,100
Apr. 25 Debit Inventory $11,375
Credit Accounts Payable (Noth Company) $11,375
Apr. 26 Debit Accounts Payable (Grant Company) $13,000
Credit Cash $12,740
Credit Cash Discounts $260
Apr. 27 Debit Accounts Receivable (Paula Kohr) $3,170
Credit Sales Revenue $3,170
Debit Cost of goods $2,520
Credit Inventory $2,520
Apr. 27 Debit Accounts Receivable (Nick Nelson) $6,700
Credit Sales Revenue $6,700
Invoice No 765 Terms 2/10, n/30
Debit Cost of goods sold $4,305
Credit Inventory $4,305
Apr. 30 Debit Sales Salaries Expense $10,750
Credit Cash $10,750
Apr. 30 Debit Cash $73,975
Credit Sales Revenue $73,975
Debit Cost of goods $58,900
Credit Inventory $58,900
The Transaction Analysis is attached as a word doc. (5,000 characters limit).
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Carlota and Dave formed an S corporation; Carlota owns 75% of the out-standing shares, and Dave owns the rest. When the entity’s AAA balance is $1,000,000, it distributes an asset to each shareholder; the basis of each asset to the corporation is $152,500. Carlota’s asset is worth $213,500, and Dave’s is worth $183,000.
a. How much gain, if any, does the corporation recognize as a result of the distribution? $______
b. By how much, if any, does the distribution increase Dave’s gross income? $_____
c. By how much, if any, does the distribution increase Carlota’s gross income? $_____
Answers
The corporation recognized gain is $26000.Mark recognized is $34600 and basis in land is fair market value is $70,400
How much profit, if any, does the company realize from the distribution?we get here recognized is express as
recognized is = fair market value - tax basis
recognized is =$70400 - $44400
recognized gain is = $26000and
Gain raised his stock's basis from $35,800 to $61,800 (26,000 + 35,800).
so we recognized gain allocated is = $70400 - $61800 = $8600
here mark recognized is = gain allocated + recognized gain
mark recognized is = $8600 + $26000
mark recognized is = $34600
basis in land is fair market value = $70,400
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What are the responsibilities of the chairperson in a meeting and how does this affect group dynamics?
Answers
Answer:
The chairperson might make a speaker's list to keep discussion orderly.
It is important for the chairperson to pay attention to the group dynamics that are just as important and that underpin every discussion, every meeting to make sure the meeting runs effectively and efficiently.
Explanation:
If stock prices go up then investors____.
Answers
If stock prices go up then investors make higher profits or gains. Strong earnings typically lead to an increase in the stock price (and vice versa).
However, the stock price of some businesses that aren't doing all that well is nonetheless skyrocketing. Investor hopes that the firm would become profitable in the future are reflected in this growing price. There are, however, no assurances that a firm will live up to the current aspirations of investors to become a high-earning corporation in the future, regardless of the stock price.
The price of a stock can also be impacted by business-specific news, such as the publishing of an earnings report, especially if the firm is posting after a weak quarter.
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How do people who volunteering/organizing at a fundraiser use donated items
Answers
People who volunteer or organize fundraisers typically use donated items in several ways to maximize their impact providing both financial and experiential value, while fostering community involvement and support for the cause.
Firstly, they assess the donated items to determine their suitability for the event's goals. If the items align with the fundraiser's purpose, they may include them in auctions, raffles, or silent auctions to generate funds. High-value items or unique experiences are often reserved for live auctions to attract higher bids.
In addition to generating revenue, donated items can serve as incentives to encourage donations. Volunteers may offer them as rewards for specific donation thresholds or use them as prizes for fundraising challenges. By leveraging the donated items in this way, organizers motivate participants to contribute more generously.
Moreover, donated items can be used to enhance the overall atmosphere of the fundraiser. They may be displayed to create visually appealing setups, reinforcing the cause and encouraging attendees to engage with the event. For example, art pieces or crafts can be showcased, generating interest and potentially leading to additional donations.
Overall, donated items play a crucial role in fundraising events, providing both financial and experiential value, while fostering community involvement and support for the cause.
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Interpersonal communication skills are necessary because they allow people _ and weigh the pros and cons of alternatives before coming up with the final solution.
to discuss problems
to make agreement between co-workers easier
to delegate work responsibilities
to resolve legal issues in the company before they hit the media
Answers
What is considered a liability in finance and why is it being used?
Answers
A liability is something a person or company owes, usually a sum of money. ... In the world of accounting, a financial liability is also an obligation but is more defined by previous business transactions, events, sales, exchange of assets or services, or anything that would provide economic benefit at a later date
Answer:
A liability is something a person or company owes, usually a sum of money. In the world of accounting, a financial liability is also an obligation but is more defined by previous business transactions, events, sales, exchange of assets or services, or anything that would provide economic benefit at a later date.
Explanation:
2. Adama Garment which is operating in Adama currently has opened four new stores in Ethiopia. Data on monthly sales volume and labor hours are given below for each town. Which store location has the highest labor productivity?
Store
Bale-robe
Hawassa
Nekemt
Dahirdar
Sales volume
12000birr
60000birr
40000birr
25000birr
Labor hours
60
500
250
200
3. Adama Garment accountant (from Problem 2) suggests that monthly rent and hourly wage rate also be factored into the productivity calculations.
Hawassa pays the highest average wage at birr 6.75 an hour. Bale-Robe pays birr
6.50 an hour, Nekemte birr 6, and Bahirdar birr 5.50. The cost to rent store space
is birr 2000 a month in Hawassa, birr 800 a month in Nekemte, birr 1200 a month
in Bale-Robe, and birr 1500 a month in Bahirdar.
Which store is most productive?
Adama garment general manager is not sure it can keep all four stores open. Based on multifactor productivity, which store would you close? What other factors should be considered?
Answers
Adama Garment's Bale-robe store has the highest labor productivity. It generates 200 birr per labor hour, followed by Hawassa (40 birr/hour), Nekemt (16 birr/hour), and Dahirdar (12.5 birr/hour).
How to solveTo calculate labor productivity, we divide the monthly sales volume by the labor hours. Bale-robe has the highest labor productivity because it generates the most sales per labor hour.
Here is the table showing the labor productivity of each store:
Store Sales volume (birr) Labor hours Labor productivity (birr/hour)
Bale-robe 12,000 60 200
Hawassa 60,000 500 40
Nekemt 40,000 250 16
Dahirdar 25,000 200 12.5
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what is your analysis on walmart financial health as of january 2021 compare to 2022
Answers
I think the analysis is good compared to the year of 2021
What advice would you give The Container Store on how to hire people who fit the
organization ?
Answers
One important piece of advice that I would give The Container Store on how to hire people who fit the organization is to prioritize cultural fit. This means that they should look for candidates who share the company's values, beliefs, and work ethic. It is important for the candidate to fit in with the company culture, as this can help ensure that they are a good match for the organization and will be more likely to stay with the company long-term.
Another piece of advice is to use behavioral interview questions to assess how a candidate will fit in with the company culture. These types of questions focus on how a candidate has behaved in past work situations, and can provide insight into how they will likely behave in future situations. For example, asking a candidate to describe a time when they had to deal with a difficult customer can give an idea of how they will handle similar situations in the future.
Finally, it is important for The Container Store to involve current employees in the hiring process. This can help ensure that the candidate is a good fit for the team and the company culture. Current employees can provide valuable insight into what it is like to work at the company, and can help assess whether a candidate would be a good fit.
In conclusion, The Container Store should prioritize cultural fit, use behavioral interview questions, and involve current employees in the hiring process in order to hire people who fit the organization.
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QUESTION 2 of 10: You plan on using cost-based pricing. The cost of your product is $10, and you are planning a 30% mark-up. What
should the price of your product be?
a) $12.52
b) $12.94
c) $13.00
d) $13.57
Answers
Plan to use cost-based pricing: The product costs 10 on a 30% markup. The price of product should be = $13. [Selling price = 10 * 1.3 = $13]. The price of a product is calculated by adding certain percentage to the manufacturing cost.
What is cost-based pricing and why is it used?Cost-based pricing is calculate the cost of a product or service and adding a standard margin to the cost. For example, if a widget costs $2.50 to manufacture, a standard margin of 50% means the widget costs $5.00.
Cost-based pricing is one of the few pricing strategies that can guarantee profits. Regardless of the state of the industry, revenue is generated when the price of a good or service is compared to its cost of production.
What is a cost-based strategy?A cost-based strategy refers to a business decision that bases the price of a product on the cost of production rather than on external factors such as competition or the economic environment. This is the traditional approach to good pricing in a stable market with moderate competition.
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Suppose that Markus Braun has a set of steps that Wirecard takes each time they acquire a new company. This _ is known as a _ .
Answers
As Markus Braun has a set of steps that Wirecard takes each time they acquire a new company This is known as a strategic goal.
What is the goal?A goal is a target or objective that someone is attempting to reach. The goal can also refer to the finish line of a race or the object that a player is attempting to insert as part of a game. As a noun, "goal" has other meanings.
The term strategic goals are referred to the specific and the financial as well as the non-financial objectives, There aims to achieve the goals in a specific period of time is there in it.
Therefore, As a result, The Wirecard takes each time they acquire a new company is known as strategic goals.
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The average job is now only —— years in length
Answers
The average job is now only 2 years in Job.
What is meant by the term average job?This is the term that has to do with the job that employees are willing to do in order to receive pay for the services that that they render to those that have employed them. The average job based on data and statistics gathered has been said to only be of about 2 years for the person that is carrying out the duty.
This means that the average worker can have as m aby other jobs that they want in their lifetime.
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Suppose that a worker in Caninia can produce either 2 blankets or 8 meals per day, and a worker in Felinia can produce either 5 blankets or 1 meal per day. Each nation has 10 workers. For many years, the two countries traded, each completely specializing according to their respective comparative advantages. Now war has broken out between them and all trade has stopped. Without trade, Caninia produces and consumes 10 blankets and 40 meals per day and Felinia produces and consumes 25 blankets and 5 meals per day. The war has caused the combined daily output of the two countries to decline by
a. 25 blankets and 40 meals.
b. 50 blankets and 80 meals.
c. 15 blankets and 35 meals.
d. 35 blankets and 45 meals.
Answers
Answer:
c. 15 blankets and 35 meals
Explanation:
Based on the information given the war has caused the combined daily output of both the two countries to decline by 15 blankets and 35 meals which is calculated as:
Calculation for Declined in combined daily output for both countries
Countries Production Consumption
Caninia 10 blankets 40 meals per day
Felinia 25 blankets 5 meals per day
=Declined 15 blankets and 35 meals per day
Therefore the combined daily output of both the two countries will decline by 15 blankets and 35 meals per day
If the property is worth $150,000 and assessed at 80%, with a mill levy of 8.2 percent, each payment would be
Answers
Answer:
Explanation:
To calculate the payment, we need to determine the assessed value of the property, the taxable value, and then apply the mill levy.
Assessed value = 80% of $150,000 = 0.8 x $150,000 = $120,000
Taxable value = assessed value = $120,000
Tax due = taxable value x (mill levy/100) = $120,000 x (8.2/100) = $9,840
Therefore, each payment would be $9,840.
7.Economic Value Added helps firms avoid the hidden-cost fallacy a.By ignoring the opportunity costs of using capital. b.By differentiating between sunk and fixed costs. c.By taking all capital costs into account, including the cost of equity. d.None of the above.
Answers
The economic value added policy will help avoid the hidden-cost fallacy c.By taking all capital costs into account, including the cost of equity.
What is the Economic Value Added policy?This involves a means of calculating profit that caters for all capital costs including the cost of equity.
This is important because the cost of equity shows the opportunity cost of investing in a project and so will enable the company to measure the true cost of an investment.
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manzo produces shirts and jeans. his production possibility frontier for a particular amount of time is displayed below. what is the opportunity cost of producing an additional shirt?
Answers
Half a pair of jeans is the opportunity cost of producing an additional shirt, when manzo produces shirts and jeans.
The overall expense a company incurs to either create a good or provide a service is known as the cost of producing. Expenditures associated with production usually include labour costs, as well as the supplies and raw materials used during production. According to the cost-of-production theory of value in economics, the price of a good or service is defined by the total cost of the resources used to produce it. Production and tax elements might both be included in the cost. If there is only one non-produced factor of production and constant returns to scale, the theory makes the most sense.
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This chapter is all about trade--imports and exports and the balance of payments.
Answers
Which economic system allows for private ownership of property and resources?
Question 1 options:
Free Market
Command
Traditional
Restrictive
Answers
The economic system that allows for private ownership of property and resources is the Free Market system.
What is difference between free market system and traditional system ?
"Free market", "traditional", and "restrictive" are three different terms that describe different economic systems or policies.
A free market system is an economic system in which the prices of goods and services are determined by supply and demand without significant government intervention. In a free market, individuals and businesses have the freedom to own and control property, resources, and means of production, and are free to produce, sell, and consume goods and services as they see fit.
A traditional economic system is an economic system that relies on customs, traditions, and beliefs to allocate resources and determine economic activity. In a traditional economy, production and distribution of goods and services is based on inherited customs and traditions, with little room for innovation or change.
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Shop A charges $275.00 for an oil change and has a gross oil profit percent of 39.1% for its total oil gross profit %. Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4% for its total oil gross profit %. Both shops pay $21.25 per gallon of oil. What is the Profit per Lube for Shop A?
Answers
The profit per Lube for Shop A is $8.31.
What is the profit per unit?The profit per unit can be obtained by subtracting the cost of the product from the sale price.
Data and Calculations:Sales price per oil change = $275
Gross profit percent per oil = 39.1%
Cost of oil per gallon = $21.25
Selling price per gallon = $29.56 ($21.25 x 1.391)
Gross profit = $8.31 ($29.56 - $21.25)
Thus, the profit per Lube for Shop A is $8.31.
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