in 2022 you contribute $12,000 into a 401k plan. your employer matches 25% of your contribution. you expect the fund to yield 10.5%. you are currently in the 35% bracket, what is your one year return (percentage)?
Answers
Answer:
Your one year return (percentage) would be approximately 18.50%.
What is 401k plan?
A 401(k) plan is a type of employer-sponsored retirement plan in the United States in which employees can save and invest for their own retirement. It is an employer-sponsored retirement plan that allows a worker to save for retirement by deferring taxes on the money saved until it is withdrawn. Employers may match their employee's contributions to the plan, providing additional financial incentives for the employee to save. The 401(k) plan is named after a section of the Internal Revenue Code.
Solution:
This is calculated as follows: Your contribution of $12,000 x 25% employer match = $3,000.
Total contribution = $15,000.
10.5% return on $15,000 = $1,575. 35%
tax bracket = $548.75.
Net return = $1,026.25.
Percentage return = ($1,026.25/$15,000) x 100 = 6.84%.
Total return = 6.84% + (6.84% x 35%) = 18.50%.
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Related Questions
what is entrepreneur
Answers
Answer: An entrepreneur is a person who creates a new business venture with all the possible risks. He is the person who brings an idea to the table for a new business. Then he acquires resources, labor, and capital to set up the business, produce goods and services
Explanation: Hope this was helpful
Paying for the right to buy a stock at a given price is known as a ________________.
Answers
ANSWER
strike price
Explanation:
call option give the holder the right to buy 100 shares of a company at a specific price known as the strike price
Scenario #2 You are the Training Co-ordinator. You have been
arrangements for a half-day seminar at the Conference Centre. The sem
25 Division Chiefs from various departments. Write a memo to the director of
Conference Centre, Mary-Ann Downs, making arrangements for sale
audio-visual equipment, and refreshments
und
unting departme
department for a large com
Answers
Memo
To: Mary-Ann Downs, Director, Conference Centre
From: [Your Name], Training Co-ordinator
Date: [Date of Memo]
Subject: Half-day seminar arrangements
Dear Mary-Ann,
I am writing to request your assistance in making arrangements for a half-day seminar that I am organizing on behalf of our organization. The seminar is scheduled to take place on [Date of Seminar] at the Conference Centre, and will be attended by 25 Division Chiefs from various departments.
I would appreciate it if you could arrange for the following:
1. Audio-visual equipment: We will require a projector and screen, microphones, speakers and a laptop for presentations. Please confirm if the Conference Centre can provide this equipment or if we need to arrange for it externally.
2. Refreshments: We would like to provide light refreshments during the seminar, such as tea, coffee, water and some snacks. Please let us know the options available and their costs.
3. Sales arrangements: We would like to have a sales table set up at the venue, where participants can purchase books, manuals and other resources related to the seminar. Please advise on the arrangements we need to make for this.
I would be grateful if you could confirm the availability of the equipment and services as soon as possible, and provide us with a quote for the total cost of the arrangements. Please do not hesitate to contact me if you require any further information or have any questions.
Thank you for your attention to this matter.
Sincerely,
[Your Name]
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To make cost allocation easier and less tedious, managers often combine several costs into a(n):________
Answers
To make cost allocation easier and less tedious, managers often combine several costs into a Cost Pool.
What is Cost Pool?A type of cost strategy used to track costs incurred by various departments or service areas within a company organization is called a cost pool. It assists in calculating the overall costs associated with producing goods and in assigning those costs to the various departments or service sectors in accordance with some justifiable indicator known as a cost driver.
Additionally, activity-based costing can make use of Cost Pool.
to calculate the expense involved in carrying out particular company procedures. By doing this, it makes it easier to accurately allocate spending to the various departments in accordance with the cost drivers.
Cost drivers, such as the quantity produced, the quantity of power needed, the number of labor hours consumed, etc., are the criteria used to divide expenses among various departments and industries.
Thus, combining various costs together leads to cost pools.
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what is considered a correction in the stock market
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3) Bill weighs 220 pounds and is losing 4 pounds each month. Phil weigh 250 pounds and is losing 10 pounds each month. How many months, m, will it take for Bill to weigh the same as Phil? How much will they weigh?
Answers
5 months and 200 pounds
4x5 = 20
220-20
200
10x5 = 50
250-50
200
Mia doesn't have any credit history, so she's going to open a secured credit card to begin building her credit. She puts down an $800 security deposit. What feature of an unsecured credit card is Mia's security deposit most like?
the APR
the term
the credit limit
the annual fee
Answers
Answer:
i think it will be A OR C
Explanation:
The APR feature of an unsecured credit card is Mia's security deposit most like. If the new card doesn't offer a cheaper annual percentage rate, there is no benefit in transferring his credit card balance from one to the other.
What ways does a secured credit card aid in building credit history?
If you consistently make on-time payments, stay out of late fees, and maintain a low balance on your secured credit card, you might be able to create or improve your credit score. Most secured credit cards will notify the three credit reporting bureaus of your payment activity.
You won't have a credit score if you haven't used credit yet. After you open your first credit line, such as a credit card or student loan, you start to develop your credit score. At that time, how you use that first credit account affects your credit score.
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Why might a wealthy society not have as much staying power as another wealthy society with highly skilled labor force
Answers
Accumulation of the capital stock is one of three primary variables that stimulate society economic growth. An economy's human capital can help it grow.
Improvements in participation rates, social wellbeing, and productivity result from increases in human capital in areas like research, education, and management, all of which support economic growth. The information, skills, and health that people invest in and amass throughout the course of their life give them the opportunity to realize their potential as contributing members of society.
Human capital development raises labor productivity, encourages technological advancements, boosts returns on investment, and makes growth society more sustainable—all of which contribute to reducing poverty.
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a service provided by -e-government that requires access to the Internet is _____.
A. RFID tags
B. E-tax returns
C. Radio programming
D. CCTV (Closed circuit TV)
Answers
Answer:
B. E-tax returns
Explanation:
E-tax returns is the electronic filing of tax returns via the internet. It entails online submission of pre-approved tax return forms available on the tax authority's website.
In recent years, governments have put measures to facilitate e-returns. It has simplified the process making it popular among taxpayers. Electronic tax filing has have contributed to having a high number of citizens registering as taxpayers.
Suppose that you start off in long run equilibrium, where LRAS, SR, and AD meet altogether in one point. Explain what happens to price, real GDP, inflation, and unemployment in each of the following cases:
(a) The interest rate falls;
(b) Wage rate temporarily falls;
(c) The dollar appreciates relative to foreign currencies;
(d) Businesses temporarily expect higher resource prices in the future;
(e) Business taxes rise
Answers
(a) When the interest rate falls, it stimulates borrowing and investment, leading to an increase in aggregate demand (AD). As a result, both price levels and real GDP will rise. The increase in aggregate demand will lead to upward pressure on prices, causing inflation to increase. With increased investment and economic activity, unemployment is likely to decrease as businesses expand and create more job opportunities.
(b) If the wage rate temporarily falls, businesses' production costs decrease, leading to a decrease in their marginal cost (MC) and an increase in short-run aggregate supply (SRAS). As a result, both price levels and real GDP will increase. With lower production costs, businesses can lower their prices, which can lead to a decrease in inflation. However, the impact on unemployment depends on the elasticity of labor supply. If the wage decrease leads to a significant increase in labor supply, it could lead to an increase in employment and a decrease in unemployment.
(c) When the dollar appreciates relative to foreign currencies, it makes imports relatively cheaper and exports relatively more expensive. This leads to a decrease in net exports, reducing aggregate demand (AD). As a result, both price levels and real GDP will decrease. With decreased aggregate demand, inflation is likely to decrease. The decrease in economic activity can also lead to an increase in unemployment as businesses may reduce production and cut jobs.
(d) If businesses temporarily expect higher resource prices in the future, it can lead to an increase in their costs of production. This will result in a decrease in short-run aggregate supply (SRAS), leading to higher price levels and lower real GDP. With higher production costs, businesses may pass on the cost increases to consumers, leading to higher inflation. The impact on unemployment depends on the extent to which businesses adjust their production and hiring plans in response to the expected higher resource prices.
(e) When business taxes rise, it increases the cost of production for businesses. This leads to a decrease in short-run aggregate supply (SRAS), causing price levels to increase and real GDP to decrease. Higher production costs can lead to higher inflation as businesses pass on the tax burden to consumers. The increase in production costs may also result in businesses reducing their output and cutting jobs, leading to an increase in unemployment.
It's important to note that these are simplified explanations and the actual impact of these factors can be influenced by various other economic conditions and factors. Additionally, the magnitude and duration of the effects can vary depending on the specific circumstances and the overall state of the economy.
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The U.S. Armed Forces will provide financial aid if you haven't served in exchange for
Answers
The U.S. Armed Forces will provide financial aid if someone hasn't served, in exchange for a grant after their enlistment.
What is a financial aid?A help or support granted to people or groups of people for a predefined purpose without any intention of gaining any monetary returns over such grants is known as a financial aid.
In case of the U.S. Armed Forces, a person is entitled to receive such financial aid in case they have not served in exchange for their enlistment in the records.
Hence, option C holds true regarding financial aid.
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How does a secured credit card benefit someone new to using credit while also reducing the risk taken by the card issuer?.
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company A had an engineering job to be given to a subcontracting company. The subcontracting took the iob and a formal contract was signed between the two parties. While the project was ongoing. some technical diticulties faced by the subcontracting company forced the project to be stopped for a period of 1 month. Since the project was stalled for 1 month the company A couldn't complete the project, and couldn't deliver the project to the client. The client levied a fine on the contracting company. Company A asked for compensation for the delay of work by the subcontracting company wherein in the formal contract there is no mention that the fine can be levied on any delay of work. The two companies had a dispute and company A had refused to conclude the contract. Apply applicable two Bahrain contract laws in this scenario to have a dispute resolution and come up with an appropriate conclusion to the case
Answers
In Bahrain, the applicable laws for resolving contract disputes can include: Bahrain Commercial Companies Law: This law governs the formation and operation of commercial companies, including subcontracting companies.
Bahrain Civil Code: The Civil Code contains provisions related to contracts, obligations, and liabilities. It may cover aspects such as breach of contract, compensation for damages, and principles of contractual interpretation. In order to resolve the dispute and come to an appropriate conclusion, the parties involved can consider the following steps: Contractual Interpretation: Review the terms and conditions of the formal contract signed between the two parties to determine if there are any clauses or provisions that address the issue of compensation for delays or unforeseen circumstances. It is important to carefully examine the contract language to understand the rights and obligations of each party.
Negotiation and Mediation: The parties can attempt to negotiate a mutually acceptable resolution through direct discussions or mediation. Mediation involves the intervention of a neutral third party who facilitates communication and assists the parties in reaching a settlement.
Arbitration: If negotiation or mediation fails to resolve the dispute, the parties can consider arbitration. Bahrain has established the Bahrain Chamber for Dispute Resolution (BCDR-AAA) to handle commercial disputes through arbitration and other alternative dispute resolution mechanisms. Legal Action: If all other avenues fail, the parties can resort to legal action by filing a lawsuit in the appropriate Bahraini court. The court will consider the relevant contract laws and evidence presented by both parties to determine the outcome of the case. It is important to consult with a legal professional to understand the specific details of the case, review the contract terms, and receive advice tailored to the Bahraini legal system and circumstances involved.
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Suppose $6,500 is invested in an account that earns interest at a rate of 2% compounded quarterly for 10 years. describe and correct the error a student made when finding the value of the account
Answers
Let's say $6,500 is deposited in an account with a 10-year interest rate of 2% compounded quarterly. After ten years, the account is worth $7,935.
What is the interest?In the fields of finance and economics, interest is the payment of a sum over and above the principal amount (the amount borrowed) to a lender or depositor at a set rate by a borrower or deposit-taking financial institution.It differs from a charge the borrower could pay the lender or another entity.interest also differs from a dividend, which is money given to shareholders (owners) by a company from its profit or reserve, but not at a set rate predetermined in advance, but rather on a pro rata basis as a portion of the rewards received by risk-takers who take on risks in order to generate revenue.To know more about interest, refer to the following link:
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Jennifer is in charge of her company's mail room. Henry, one of her employees, is late to work one or two days a week. What should Jennifer say to him in order to change the situation?
Answers
Jennifer should use different tactics to control the employee like
disciplinary actionask for reasons for coming lateand try to understand and solve the situationHow to manage employee lateness?
Step 1: Make sure it’s not just a short-term thing
Before you jump to any conclusions, take a look at a longer period of time – a month or a year – to see whether this employee has had lateness issues before. Maybe the person is going through some changes and needs some time to get adjusted.
Step 2: Request a meeting with your absent employee.
To start, ask the person to a one-on-one conversation to explain your expectations and let them know you've noticed this behavior. Listen to the employee's explanation
Step 3: Specify objectives and outcomes
Once you've heard whatever the employee has to say about being frequently late, come to an agreement on a solution and establish goals for improvement. The reasons for being late are, of course, varied, and occasionally you may need to make concessions
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develop a list of sales tools you could use in a job interview situation. what tools could you use to demonstrate your skills and capabilities?
Answers
A list of sales tools that you could use in a job interview situation to demonstrate your skills and capabilities are Sales Portfolio,Sales Presentations,CRM Experience,Certifications and Trainings,Sales Metrics,Problem-solving Scenarios,Role-play Exercise.
1. Sales Portfolio: Compile a comprehensive sales portfolio showcasing your previous work, accomplishments, and client testimonials. This can help demonstrate your sales skills and capabilities.
2. Sales Presentations: Prepare a well-designed sales presentation that highlights your expertise in creating persuasive and engaging presentations. This can serve as a visual aid during your interview.
3. CRM Experience: Share your experience with Customer Relationship Management (CRM) tools like Salesforce, HubSpot, or Zoho. This can demonstrate your capabilities in managing sales processes and tracking customer interactions.
4. Certifications and Trainings: Mention any sales-related certifications and trainings you have completed, such as the Certified Sales Professional (CSP) or a sales training course. This will show your dedication to improving your sales skills.
5. Sales Metrics: Provide quantifiable results from your previous sales roles, such as meeting or exceeding sales targets, customer retention rates, or average deal size. These metrics will illustrate your sales capabilities.
6. Problem-solving Scenarios: Prepare examples of situations where you've utilized your sales skills to overcome challenges and close deals. This will demonstrate your problem-solving capabilities in a sales context.
7. Role-play Exercise: Offer to engage in a role-play exercise with the interviewer to demonstrate your sales skills in action. This could involve pitching a product or service, handling objections, or negotiating terms.
By using these sales tools in your job interview, you'll effectively showcase your sales skills and capabilities to potential employers.
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calculate the monthly payment on a $55,000, 7 year loan assuming an apr of 5 percent compounded monthly. (needs: nper, rate, pv)
Answers
The monthly payment for a $55,000 loan with a 7-year term and a monthly compounded APR of 5% is $765.71.
We must apply the present value of an annuity formula to get the monthly loan payment:
PMT is calculated as PV * (r * (1 + r)n) / ((1 + r)n - 1).
Where PMT stands for the monthly payment, PV for the loan's principle or present value, r for the interest rate, and n for the number of payments each month.
In this instance, the loan's current value or principle is $55,000, its annual percentage rate is 5% compounded on a monthly basis, and its duration is 7 years, or 84 months.
We divide the APR by 12 to get the monthly interest rate:
r = 0.05 / 12 = 0.004167
We multiply the number of years by 12 to get the total number of monthly payments:
n = 7 * 12 = 84
We can now solve for PMT by entering these values into the formula:
PMT = 55,000 * (0.004167 * (1 + 0.004167)^84) / ((1 + 0.004167)^84 - 1) = $765.71
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To calculate the monthly payment on a $55,000, 7-year loan assuming an APR of 5% compounded monthly, we can use the PMT function in Excel or a financial calculator.
The nper (number of periods) is 7 years * 12 months per year = 84 months. The rate is 5% / 12 = 0.004167 per month. The pv (present value) is $55,000. Using these values, we can calculate the monthly payment as: =PMT(0.004167, 84, -55000) . This gives us a monthly payment of approximately $785.15. Therefore, the borrower would need to make monthly payments of $785.15 for 84 months to fully pay off the loan.
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Which group is legally responsible for implementing
protection and controls that ensure your workplace
meets safety standards?
A. Employers
B. Unions
C. Employees
D. Government
Answers
Answer:
A
Explanation:
Answer:
It SHOULD be employers but i may be wrong... if i'm not CAN I PLES HAVE BRAINLYIEST
Explanation:
Also, if i'm right there is no need to thank me unless you want too
where does the client initiate the setup of quickbooks payments
Answers
The clients can initiate the setup of QuickBooks payments from within their QuickBooks Online account. Within the account, they can navigate to the "Settings" menu and select "Payments" to begin the setup process.
An QuickBooks Online offers a payment processing service that allows clients to easily accept credit card payments from their customers. Setting up QuickBooks payments requires linking a bank account, verifying business information, and completing an application process.
Clients can initiate the setup of QuickBooks payments directly from their QuickBooks Online account by navigating to the "Settings" menu and selecting "Payments". This process involves linking a bank account, verifying business information, and completing an application process.
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Answer:
The payments tab in account and settings
Explanation:
the following information is available for the year ended december 31: beginning raw materials inventory $ 12,600 raw materials purchases 89,200 ending raw materials inventory 12,000 advertising expense 740 the amount of raw materials used in production for the year is: multiple choice
Answers
The amount of raw materials used in production for the year is $90,800.
To calculate the amount of raw materials used in production for the year, we need to subtract the change in raw materials inventory from the sum of beginning raw materials inventory and raw materials purchases.
Beginning raw materials inventory: $12,600
Raw materials purchases: $89,200
Ending raw materials inventory: $12,000
Raw materials used in production = (Beginning raw materials inventory + Raw materials purchases) - Ending raw materials inventory
Raw materials used in production = ($12,600 + $89,200) - $12,000
Raw materials used in production = $102,800 - $12,000
Raw materials used in production = $90,800
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Larry Davis borrows $83,000 at 10 percent interest toward the purchase of a home. His mortgage is for 20 years. Use Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods.a. How much will his annual payments be? (Although home payments are usually on a monthly basis, we shall do our analysis on an annual basis for ease of computation. We will get a reasonably accurate answer.) (Do not round intermediate calculations. Round your final answer to 2 decimal places.)b. How much interest will he pay over the life of the loan? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)c. How much should he be willing to pay to get out of a 10 percent mortgage and into a 8 percent mortgage with 20 years remaining on the mortgage? Assume current interest rates are 8 percent. Carefully consider the time value of money. Disregard taxes. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Answers
a. Annual payments on a $83,000 mortgage at 10% interest for 20 years would be $8,640.95. b. Total interest paid over the loan's life would be $90,819.11. c. The amount to switch from a 10% to 8% .
a. Larry Davis's annual payments on the $83,000 mortgage at 10 percent interest for 20 years would be approximately $8,640.95.
To calculate the annual payment, we can use the formula for the present value of an ordinary annuity:
PMT = PV * (r * (1 + r)^n) / ((1 + r)^n - 1),
where PMT is the annual payment, PV is the loan amount, r is the interest rate per period, and n is the number of periods.
In this case, PV = $83,000, r = 10% = 0.10, and n = 20.
Plugging these values into the formula, we get:
PMT = $83,000 * (0.10 * (1 + 0.10)^20) / ((1 + 0.10)^20 - 1),
PMT ≈ $8,640.95.
b. The total interest paid over the life of the loan would be approximately $90,819.11.
To calculate the total interest paid, we can subtract the loan amount from the total payments:
Total Interest = (PMT * n) - PV,
Total Interest = ($8,640.95 * 20) - $83,000,
Total Interest ≈ $90,819.11.
c. To determine how much Larry should be willing to pay to switch from a 10 percent mortgage to an 8 percent mortgage, we need to compare the present values of the remaining mortgage payments under the two interest rates.
Using the present value formula, we can calculate the present value of the remaining mortgage payments at 10 percent and 8 percent interest rates, respectively. The difference between these two present values would be the amount Larry should be willing to pay to switch.
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john promised the other co-owners of the ship sea fairy that he would insure the ship for an upcoming voyage. however, john fails to insure the ship. the ship is shipwrecked in a turbulent sea. the co-owners sue john for breach of contract. will they succeed?
Answers
The co-owners of the ship Sea Fairy are likely to succeed in their lawsuit against John for breach of contract due to his failure to insure the ship as promised.
In this scenario, John made a promise to the other co-owners of the ship Sea Fairy to insure the vessel for an upcoming voyage. However, he failed to fulfill his promise and did not obtain the necessary insurance coverage. As a result, when the ship is shipwrecked in a turbulent sea, the co-owners have grounds to sue John for breach of contract.
Breach of contract occurs when one party fails to fulfill their contractual obligations without a valid excuse. In this case, John's promise to insure the ship can be considered a contractual obligation. By neglecting to obtain the insurance, he has violated the terms of the agreement made with the co-owners. As a result of John's breach, the co-owners have suffered damages in the form of the loss of the ship.
To succeed in their lawsuit, the co-owners would need to provide evidence of the contract, demonstrate that John made the promise to insure the ship, and show that his failure to do so directly caused the shipwreck and subsequent loss. If they can establish these elements, it is likely that the court will find John liable for breaching the contract and may award damages to the co-owners to compensate for their loss.
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Leo Co. uses the allowance method to account for bad debts. At the end of the year, Leo Co.'s accounts receivable balance is $25,000; allowance for doubtful accounts balance of $100 (credit); and sales of $500,000. Based on history, Leo estimates that bad debts will be 2% of accounts receivable. The entry to record estimated bad debts will include a debit to Bad Debts Expense in the amount of:
Answers
The bad debts expense for the year to be debited will be $600.
Adjusted balance of the Allowance for Doubtful Accounts = Accounts receivable * 2%
Adjusted balance of the Allowance for Doubtful Accounts = $25,000 x 2%
Adjusted balance of the Allowance for Doubtful Accounts = $500
Unadjusted balance of the Allowance for Doubtful Accounts = $100
Amount of bad debt expenses = Adjusted balance of the Allowance for Doubtful Accounts + Unadjusted balance of the Allowance for Doubtful Accounts
Amount of bad debt expenses = $500 + $100
Amount of bad debt expenses = $600
Therefore, the bad debts expense for the year to be debited will be $600.
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Answer:$400
Explanation:
3. Describe the difference between transaction accounts and non-transaction accounts.
Answers
Transactional account :Traditionally used for daily costs, a transaction account frequently includes a debit card or Keycard that can be used to make purchases or withdraw cash.
Non Transactional account : An account that isn't made to handle a lot of transactions is referred to as a non-transaction account, also known as a non-payment account. Non-transaction accounts frequently feature monthly transfer caps or need waiting periods before money may be withdrawn.
An agreement that has been fulfilled between a buyer and a seller to trade goods, services, or financial assets in exchange for cash is referred to as a transaction. In corporate accounting, the phrase is also frequently used. This simple definition can be difficult to apply in business bookkeeping. Depending on whether a corporation employs accrual accounting or cash accounting, a transaction may be recorded by it sooner or later. Regardless of when payment is paid or received, a transaction is recognised by accrual accounting as soon as it is completed. Only when money is received or dispersed is a transaction recorded in cash accounting, which is primarily utilised by smaller businesses. Transactions with other parties can frequently make things more difficult.
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During a storm a tree falls on your parked vehicle. What insurance is going to cover the damage to your vehicle
Answers
Answer:
Car insurance might help for the tree damage while comprehensive coverage might help for the damages and to repair.
Answer: Well flex tape can't fix that one so auto insurance will fix it...
Explanation:
ess als Question 17 5 pts If Brazil opens up their coffee market to trade with the rest of the world and the global price of total surplus. coffee is lower than the equilibrium price of coffee in Brazil, then Brazil will__________ coffee, which will consumer surplus, producer surplus, and O import, increase; decrease; increase i O import; decrease; increase; increase O export, increase; decrease; increase export: decrease; increase; decrease O export; decrease; increase; increase
Answers
If Brazil opens up their coffee market to trade with the rest of the world and the global price of coffee is lower than the equilibrium price of coffee in Brazil, then Brazil will increase coffee imports, which will increase consumer surplus, decrease producer surplus, and increase overall welfare.
When the global price of coffee is lower than the equilibrium price of coffee in Brazil, it becomes cheaper for foreign countries to produce coffee. This means that they can sell coffee to Brazil at a lower price than what domestic producers are willing to sell for, which leads to an increase in coffee imports.
As a result, consumers in Brazil will benefit from lower coffee prices, leading to an increase in consumer surplus. However, domestic coffee producers will suffer from lower revenues, causing a decrease in producer surplus. Overall, there will be an increase in welfare because the gains from a larger consumer surplus outweigh the losses from a smaller producer surplus.
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Explain the term "marginal rate of technical substitution." (Assume a two-input production function.) A. The MRTS gives the amount by which the quantity of one input can be reduced when one extra unit of another input is used, so that output remains constant. B. The MRTS gives the amount by which the quantity of one input must be increased when one extra unit of another input is used to keep output constant. C. The MRTS gives the amount by which the quantity of one input must be increased when one extra unit of another input is used to increase output by one unit. D. The MRTS gives the amount by which the quantity of one input can be reduced when one extra unit of another input is used, so that output increases.
Answers
Answer:
A
Explanation:
The Marginal rate of technical substitution gives the amount by which the quantity of one input can be reduced when one extra unit of another input is used, so that output remains constant.
what hotellings dilemma proof?
Answers
Hotelling's lemma is the pace of an expansion in maximized profits concerning a cost increment that is equivalent to the net supply of the good.
Hotelling's lemma is an economic concept that describes the relationship between the first and second derivatives of a profit function with respect to a factor input. The lemma is named after the American economist Harold Hotelling, who first proposed it in 1938.
In its simplest form, Hotelling's lemma states that the partial derivative of the profit function with respect to a factor input is equal to the product of the marginal product of that input and its price. the lemma shows that the rate of change of profit with respect to a factor input is equal to the product of the marginal productivity of that input and its price. This relationship has important implications for optimal input choices and pricing decisions in firms, as it provides a way to calculate the optimal input quantities and prices that maximize profit.
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Correct Question -
What is Hotelling's lemma?
5. A number with the addition of itself becomes 38. What
is the number?
Answers
Answer:
19+19=38
...........................
Fennick Company reports net income of $92,000 in 2022. However, ending inventory was understated by $7,000. What is the correct net income for 2022
Answers
The correct net income for 2022 is $99,000.
Given,
In 2022, the Fennick Company reported a net income of $92,000.
Nevertheless, ending inventory was $7000 underestimated.
Since it is given that the closing inventory was understated.
It would mean that the net income will also be understated by the same amount.
Therefore to calculate the amount of correct net income we will add $7,000 which is the amount by which inventory was understated to the incorrect net income,
Which means, correct net income = incorrect net income + understated amount of ending inventory
correct net income = $92,000 + $7,000
= $99,000
Hence, the correct net income for the year 2022 is $99,000.
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