The assumption of constant returns to scale in the Solow growth model means d)the number of workers in an economy does not affect the relationship between output per worker and capital per worker.
It means that increasing the amount of capital per worker by a certain percentage will result in the same percentage increase in output per worker.
It does not imply that all economies have the same amount of capital per worker, but rather that the relationship between capital and output per worker is constant across different levels of capital per worker. Therefore, the number of workers in an economy does not affect this relationship.
The steady-state level of output is not constant, but rather determined by the savings rate, the population growth rate, and the rate of technological progress. The saving rate equals the rate of depreciation only in the special case where the economy is in steady state.
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Kwang Ltd purchased equipment on 1 January 2015 for $100,000. It had an estimated useful life of 5 years and an estimated residual value of $20,000. Each year $800 is spent on the maintenance of the equipment. On 1 July 2017, $10,000 was spent on a major overhaul of the equipment after which it will have an expected useful life of 4 years and zero residual value. The entity's reporting period ends on 30 June and it uses straight-line depreciation method. Note: Ignore GST Required: a) Calculate the depreciation expense for 2015 and 2016. (2 marks) (3 marks) b) Prepare the journal entry for the $10,000 overhaul of the equipment. Calculate depreciation expense for 2018. c) (3 marks) Part B Solomon Ltd has disclosed the following non-current assets as at 30 June 2021.
a)Depreciation for 2016 = Depreciation for 2015= $16,000
b)Journal entry:Equipment (Asset Account) 10,000 Cash/Bank (Expense Account) 10,000 Depreciation for 2018 = $27,500
c)Total non-current assets = $320,000
a) Calculation of depreciation expense for 2015 and 2016
Depreciation for the first year can be calculated using the following formula:
Depreciation for 2015 = (Cost of the asset - Residual value) / Useful life= (100,000 - 20,000) / 5= $16,000
Depreciation expense for 2016 will be the same as the first year because the straight-line depreciation method is being used, which means depreciation is constant every year.
Depreciation for 2016 = Depreciation for 2015= $16,000
b) Journal entry for the $10,000 overhaul of the equipment and calculation of depreciation expense for 2018
The cost of the overhaul will be added to the asset's carrying value, and the useful life and residual value will be adjusted accordingly.
Journal entry:Equipment (Asset Account) 10,000 Cash/Bank (Expense Account) 10,000 Depreciation for 2018 = (Carrying value - Residual value) / Remaining useful life= (100,000 + 10,000 - 0) / 4= $27,500
c) Calculation of total non-current assets
Cost of all the assets = $320,000
Land = $80,000
Buildings = $100,000
Equipment = $120,000
Intangible assets = $20,000
Total non-current assets = $320,000
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there is a surplus of a new brand of cereal on the market. what will likely happen to the price of the cereal?
Answer:
The price of the cereal would fall.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
When there is a surplus of a new brand of cereal in the market. What will likely happen to the price of the cereal is that the its price would fall.
1. Assume that Alice wants to send Bob a message with the confidence that Bob will know the message was not altered while in transit. What goal of cryptography is Alice trying to achieve? And how can it be achieved?
Alice is trying to achieve the goal of ensuring message integrity through cryptography. Message integrity ensures that the message remains intact and has not been altered during transit.
To achieve message integrity, Alice can use a cryptographic technique called message authentication codes (MACs) or digital signatures.
Message Authentication Codes (MACs): Alice can generate a MAC for the message using a symmetric key shared with Bob. The MAC is a small piece of data generated using a cryptographic hash function and the shared key. Alice appends the MAC to the message before sending it to Bob. Upon receiving the message, Bob recalculates the MAC using the same key and verifies that it matches the MAC sent by Alice. If the MACs match, Bob can be confident that the message has not been tampered with.
Digital Signatures: Alternatively, Alice can use digital signatures, which provide message integrity along with authentication. Alice generates a digital signature for the message using her private key (part of a public-private key pair). The signature is unique to the message and provides a cryptographic proof of its integrity. Alice sends both the message and the digital signature to Bob. Upon receiving the message, Bob uses Alice's public key to verify the signature's authenticity and integrity. If the signature is valid, Bob can be confident that the message is unaltered and originated from Alice.
Both MACs and digital signatures provide cryptographic mechanisms to achieve message integrity and assure Bob that the message has not been modified during transit. The choice between MACs and digital signatures depends on the specific requirements and security context of the communication scenario.
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Paul had total gross sales of $25,000 of which $5,350 were nontaxable sales for resale $8,137 was nontaxable labor and 3,513 nontaxable sales of food. This business is located in the city of Sacramento which has a sales tax rate of 8.75%. How many sales taxes does he owe?
Paul owes $700 in sales tax. Sales tax is the amount that consumers pay on top of the retail price of a good or service. The sales tax is usually a percentage of the retail price and is imposed by the government.
Paul had total gross sales of $25,000 of which $5,350 were nontaxable sales for resale $8,137 was nontaxable labor and 3,513 nontaxable sales of food.
This business is located in the city of Sacramento which has a sales tax rate of 8.75%. Paul's taxable sales can be calculated by subtracting the nontaxable sales from his total gross sales:
$25,000 - $5,350 - $8,137 - $3,513 = $8,000
Paul's taxable sales are $8,000. The sales tax he owes can be calculated by multiplying the taxable sales by the sales tax rate of 8.75%:
Sales tax = $8,000 x 8.75%
Sales tax = $700. Therefore, Paul owes $700 in sales tax.
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N3 Corporation has assets of $4,200,000, common stock of $1,092,000, and retained earnings of $665,000. What are the creditors' claims on their assets?a. $3,773,000b. $1,757,000c. $2,443,000d. $4,627,000
The found liabilities for the creditors' claims on the assets of N3 Corporation is found as $2,443,000. The crrect option is C.
The creditors' claims on the assets of N3 Corporation can be determined by subtracting the total liabilities from the total assets. However, the question only provides information about the assets, common stock, and retained earnings, but not about the liabilities. Therefore, we need to use the accounting equation to solve for the liabilities.
The accounting equation is: Assets = Liabilities + Equity
In this case, the equity includes both common stock and retained earnings. We can rearrange the equation to solve for liabilities:
Liabilities = Assets - Equity
Liabilities = $4,200,000 - ($1,092,000 + $665,000)
Liabilities = $4,200,000 - $1,757,000
Liabilities = $2,443,000
Therefore, the correct option is (c) $2,443,000. This represents the total amount of money owed to the creditors by N3 Corporation. It is important to note that the common stock and retained earnings belong to the shareholders, not the creditors, and do not affect the amount owed to the creditors.
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studies of import-substituting industrialization (isi) and related policies show that income growth is
Import-substituting industrialization (ISI) is an economic policy that focuses on promoting domestic industries and reducing reliance on imports. This approach has shown mixed results when it comes to income growth. On one hand, ISI can lead to increased domestic production and employment opportunities, which may boost overall income levels.
One of the primary advantages of ISI is the creation of employment opportunities within the domestic market. By encouraging local industries, the policy can stimulate job creation, which in turn, can lead to higher income levels for the workforce. Additionally, the growth of domestic industries can promote economic development and contribute to a country's GDP, which can positively impact income levels.
However, ISI can also have negative effects on income growth. By focusing on domestic industries, countries may limit their exposure to international markets and miss out on opportunities for trade and investment. This could lead to inefficiencies and higher production costs, which may ultimately be passed on to consumers in the form of higher prices. Moreover, ISI policies can sometimes encourage the growth of uncompetitive industries, which can stifle innovation and hamper long-term economic growth.
In conclusion, studies of import-substituting industrialization and related policies show that income growth can be positively or negatively impacted depending on the specific situation and implementation of the policy. While ISI has the potential to stimulate domestic industries and create employment opportunities, it can also lead to economic inefficiencies and uncompetitive markets that may hinder long-term income growth.
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Why is it not a good idea to make early withdrawals from your 401(k)
Answer:
- Fees
-Early termination cost
-Loss of interest
taylor tobacco company is concerned that the company may be held liable in a court of law and ordered to pay a large damage award. the characteristics of the judicial system that increase the frequency and severity of loss are known as
Legal risk Taylor Tobacco Company is worried that it could be found accountable in court and have to cover a sizable damage award. Legal hazard refers to the features of the judicial system that make losses more likely and severe.
What is the judicial system?
The term "judiciary system" can also refer to the court system. The court has the authority to make rulings, uphold the law, and settle disputes. Judges and other magistrates make up the bench or core of the judicial system, also known as the judiciary. The judiciary is the system of courts that decides legal issues and interprets, defends, and applies the law in legal proceedings. It is often referred to as the judicial system, judicial branch, court, or judiciary system.
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What are cover letters also called?
Letter of appreciation
Letter of preparation
Letter of anticipation
Letter of application
Answer:
A
Explanation:
because they are good
Organizational goals and plans should include quality. True False
True. Organizational goals and plans should include quality because ensuring quality in products, services, and processes is crucial for customer satisfaction, reputation, and long-term success.
Quality goals help define performance standards, establish benchmarks, and guide improvement efforts. Incorporating quality into organizational objectives promotes a culture of excellence, continuous improvement, and customer-centricity, leading to enhanced competitiveness and stakeholder satisfaction. It also helps in identifying areas for improvement, reducing waste, and increasing efficiency and effectiveness within the organization.
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LEFRANC, M. N., AND B. A. MILLSAP. 1984. A summary of state and federal agency raptor management programs. Wildl. Soc. Bull. 12:274-282.
In conclusion, this article is a valuable resource for understanding the efforts made by state and federal agencies to manage and conserve raptors. It provides insights into the various strategies employed and the importance of collaboration between different organizations in preserving these species.
The citation "LEFRANC, M. N., AND B. A. MILLSAP. 1984. A summary of state and federal agency raptor management programs. Wildl. Soc. Bull. 12:274-282" refers to a research article published in the Wildlife Society Bulletin in 1984.
The article, authored by Lefranc and Millsap, provides a summary of raptor management programs implemented by state and federal agencies. The goal of these programs is to conserve and protect raptor populations and their habitats.
The provides an explanation of the different management strategies used, such as nest management, habitat protection, and captive breeding programs. It also discusses the challenges faced by these agencies, including habitat loss and human-wildlife conflicts.
In conclusion, this article is a valuable resource for understanding the efforts made by state and federal agencies to manage and conserve raptors. It provides insights into the various strategies employed and the importance of collaboration between different organizations in preserving these species.
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Cost-push inflation corresponds to ________ output and demand-pull inflation corresponds to ________ output.
It should be noted that Cost-push inflation corresponds to lower output and demand-pull inflation corresponds to higher output.
What Is Cost-Push Inflation?Cost-push inflation serves as inflation that do take place when overall prices increase as a result of increases in the cost of wages and raw materials
Demand-pull inflation on the other hand describes the effects of an imbalance in aggregate supply and demand.
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Name a form of ownership that is represented by the South African broadcasting corporation (sABC) and outline four characteristics of this form of ownership
Answer:
State-Owned Enterprise (SOE)
Explanation:
South African broadcasting corporation (SABC) is a form of a state-owned enterprise. Characteristics of a state-owned enterprise include,
1. Financing
The government funds State-owned enterprises. It means that state corporations such as SABC are founded and run using public funds. A corporation is state-owned when fully financed by the government or where the state is the majority shareholder.
2. Managed by The Government
Government appointees manage State-owned enterprises. In some cases, state corporations are controlled and report directly to a government department.
3. Service objectives
A majority of state opened enterprises are formed to offer a specific service to the public. Although they have profit objectives, they differ from private enterprises in that the later are formed primarily for-profit motives.
4. Monopoly tendencies
Many state-owned corporations tend to operate as monopolies. They dominate the industry while denying or restricting private sector participation.
The form of ownership that is represented by the South African broadcasting corporation (sABC) is a public enterprise or state owned enterprise.
The characteristics of this firm of ownership include:
State ownership: The enterprises are managed by the government.Such companies are financed through the government.The main objective of such companies isn't profit making but to provide services for the people.Such companies are usually monopoly enterprises.Read related link on:
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with the given information, what is the value of the first in, first out (fifo) periodic ending inventory of the replicated 1960s lava lamp that has become the hottest item in the store?
The value of the FIFO periodic ending inventory of the replicated 1960s lava lamp is $3,000.
In order to calculate the value of the first in, first out (FIFO) periodic ending inventory of the replicated 1960s lava lamp, we need to understand the concept of FIFO. FIFO assumes that the first items purchased or produced are the first items sold, so the inventory that is left at the end of the period is the inventory that was purchased or produced most recently.
To calculate the value of the ending inventory using FIFO, we need to know the cost of the replicated 1960s lava lamp and the number of lamps sold during the period. Let's assume that the cost of each lava lamp is $25, and the store sold 100 lamps during the period.
If the store purchased 200 lamps at different times during the period, we need to identify which 100 lamps were sold first. Let's assume that the store purchased 50 lamps at $20 each and 150 lamps at $30 each.
Using FIFO, we assume that the first 50 lamps sold were the ones purchased at $20 each. The cost of goods sold for these lamps is 50 x $20 = $1,000.
For the remaining 50 lamps sold, we assume that they were purchased at $30 each. The cost of goods sold for these lamps is 50 x $30 = $1,500.
To calculate the ending inventory using FIFO, we take the cost of the 100 lamps that were purchased most recently. In this case, the 100 lamps purchased at $30 each have a value of 100 x $30 = $3,000.
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a) Explain different types of professions related to financial sector.
Answer:
Positions in the commercial banking sector include bank tellers, loan officers, operations, marketing, and branch managers
what is a compounding period?
Answer:
Compounding periods are the time intervals between when interest is added to the account.
Explanation:
Interest can be compounded annually, semi-annually, quarterly, monthly, daily, continuously, or on any other basis.
A company manufactures guitars. Identify each of the following costs as either a prime cost, a conversion cost, or both. 1. Wood used to build the guitar body. 2. Glue used to bind the guitar wood. 3. Wages paid to assembly workers. 4. Depreciation on factory equipment. 5. Rent on factory building 6. Wood to build the guitar bridge
In the context of manufacturing guitars, let's identify each cost as either a prime cost, a conversion cost, or both:
The wood used to build the guitar body - Prime costThe glue used to bind the guitar wood - Prime costWages paid to assembly workers - Conversion costDepreciation on factory equipment - Conversion costRent on the factory building - Conversion costWood to build the guitar bridge - Prime cost1. Wood used to build the guitar body - Prime cost
The wood used to build the guitar body is a prime cost as it is a direct material cost directly involved in the production of guitars.
2. Glue used to bind the guitar wood - Prime cost
The glue used to bind the guitar wood is a prime cost as it is also a direct material cost used in the guitar manufacturing process.
3. Wages paid to assembly workers - Conversion cost
Wages paid to assembly workers are a conversion cost as they are part of the direct labor costs involved in the conversion of raw materials (wood and glue) into finished guitars.
4. Depreciation on factory equipment - Conversion cost
Depreciation on factory equipment is a conversion cost as it is an overhead cost associated with the manufacturing process.
5. Rent on the factory building - Conversion cost
Rent on the factory building is a conversion cost as it is an overhead cost incurred during the manufacturing process.
6. Wood to build the guitar bridge - Prime cost
Wood to build the guitar bridge is a prime cost as it is a direct material cost used in the production of guitars.
Therefore,
Prime costs: Wood is used to build the guitar body, Glue is used to bind the guitar wood, and Wood to build the guitar bridge.
Conversion costs: Wages paid to assembly workers, Depreciation on factory equipment, Rent on factory building.
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How is product placement different from a commercial?
business sucks!
Answer:
Product placements in music videos range from 3-5 minutes whereas product placement in movies can range in 12 minutes-1.5 hours or more in length. A commercial is specifically geared specifically toward interrupted television with a 5-30 sec ad placed in between TV shows.
Product Placement is when a trademark is seamlessly incorporated into the story and plot, of video production.
What is Product Placement?
The significant kinds of product placement are either visual, verbal, signage, or usefulness.
Product placements in theme videos vary from 3-to 5 minutes whereas product placement in movies can meander from 12 minutes-1.5 hours or more in length.
A commercial is geared especially toward interrupted television with a 5-30 sec ad established in between TV shows.
A commercial is especially geared toward interrupted television with a 5-30 sec ad established in between TV exhibitions.
The expenditures of each of these can vary which depend on the reach, demographics of viewership, target markets, time of day, and more additional variables.
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Hola! En este grupo, estare subiendo muchos datos interesantes sobre la sag de peliculas ''Harry Potter''. ''Harry Potter'', Es una saga de peliculas conformadas por:
1.-Harry Potter y la piedra filosofal
2.-Harry Potter y la camara secreta
3.-Harry Potter y el prisionero de askaban
4.-Harry Potter y el caliz de fuego
5.- Harry Potter y la orden del fenix
6.-Harry Potter y el misterio del principe
7.-Harry Potter y las reliquias de la muerte-Parte 1
8.-Harry Potter y las reliquias de la muerte-Parte 2
Siganme! Asi de enteraran de todos los datos que no sabian de Harry Potter (Se recomienda a ver visto todas las peliculas de ''Harry Potter'' para que no te haga spoiler)
Wizard Man info? Count me in! I'll be sure to give you a follow. ;)
Answer:ghj
Explanation:
Provide an example of Red Bull’s promotional material that appeals to its target audience.
Answer:
Energy
Explanation:
This information relates to Sheffield Corp. For the year 2017. Retained earnings, January 1, 2017 $88,440 Advertising expense 2,376 Dividends 7,920 Rent expense 13,728 Service revenue 76,560 Utilities expense 3,168 Salaries and wages expense 39,600
Answer:
Net Income $ 17688
Retained earnings, December 31, 2017 $ 98,208
Explanation:
Sheffield Corp.
Income Statement
For the year 2017
Service revenue 76,560
Advertising expense 2,376
Rent expense 13,728
Utilities expense 3,168
Salaries and wages expense 39,600
Total Expenses 58,872
Net Income $ 17688
To make an income statement the total expenses are deducted from total revenues.
Sheffield Corp.
For the year 2017
Statement Of Retained earnings
Retained earnings, January 1, 2017 $88,440
Add Net Income 17688
Less Dividends 7,920
Retained earnings, December 31, 2017 $ 98,208
Denisha and Carlton report their manager to HR because they feel that they were denied a promotion because of their age. They are both 28 and Denton was promoted and he is 47. They are claiming age discrimination. HR informs them that the law does not apply to them based solely on their age, because it does not
a. permit business necessity as a ground to avoid a guilty verdict.
b. protect younger workers
c. allow for jury trials.
d. allow punitive damages
e. permit promotions based on performance.
The HR informs them that the law does not apply based on their age because it does not protect younger workers.
What is age discrimination?This is a type of discrimination that exists in the society where people are denied opportunities such as jobs and other benefits on account of their age.
The HR here is informing the workers that age is not what the law concerning the promotion is based on.
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Suppose that the local daily demand for iced coffee drinks is given by the demand function: Q=300-25P, where P is the price of an iced coffee drink.
a. Construct this demand curve in black. Place the quantity of iced coffee drinks demanded on the horizontal axis and the price of an iced coffee drink on the vertical axis.
b. Suppose that iced coffee drinks are a normal good, and that consumers’ incomes fall. The demand for iced coffee drinks decreases by 50 units at every price. What is the new demand function (i.e., equation)?
c. Suppose that iced coffee drinks are a normal good, and that consumers’ incomes fall. The demand for iced coffee drinks decreases by 50 units at every price. Construct the new demand function in blue.
a. To construct the demand curve, we can first use the demand function provided, Q=300-25P. To plot this on a graph, we can plug in different values of P to find the corresponding values of Q. For example:
When P = 0, Q = 300-25(0) = 300
When P = 1, Q = 300-25(1) = 275
When P = 2, Q = 300-25(2) = 250
We can plot these points on a graph with Q on the horizontal axis and P on the vertical axis, and connect them to form the demand curve.
b. The new demand function would be Q = 250-25P.
c. To construct the new demand function in blue, we can start with the same process as before, using the new demand function, Q = 250-25P.
For example:
When P = 0, Q = 250-25(0) = 250
When P = 1, Q = 250-25(1) = 225
When P = 2, Q = 250-25(2) = 200
We can plot these points on the same graph as before, but this time use blue color to distinguish it from the previous demand function.
Describe an example of an equity investment that can also produce income. (1-3 sentences)
The most prevalent sort of equity income investing is stocks. Companies typically pay dividends to reward shareholders, attract investor money, and boost share prices when they have limited investment alternatives and extra cash.
I NEED HELPPPP! I need a 5 paragraph essay thats due on nov 17 2022 about finance. Word limit is 900
who do yall want president let me know i choose biden..
Answer:
TRUMP MAKE AMERICA GREAT AGAIN !!!!!!!!!
Explanation:
if a transaction says started a business with cash 80000 Rands in bank is it a contra entry?
Answer:
yes
Explanation:
because, Contra entries are those entries in which same account can be debited and credited in contrary situation. For example we debit Bank account when depositing cash.At the same time we credit bank account when withdrawing money from bank.
debit balance with binod rs.50000
Answer:
what?
Explanation:
What country borders the caspian sea, the persian gulf, and the gulf of oman?.
Iran, is the country that borders the Caspian sea, the Persian gulf, and the gulf of Oman.
Which countries lie along the Caspian sea, the Persian gulf and the gulf of Oman?Iran country lies in the Middle-East of the Iraq and Pakistan, that borders the Caspian sea, the Persian gulf, and the gulf of Oman.
The inland sea is connected to the Gulf of Oman from the East and the countries that lie along the Persian Gulf and the Gulf of Oman are Oman, Iraq, Kuwait, Saudi Arabia, etc.
Strait of Hormuz connects the the Persian Gulf to the Arabian Sea.
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Every business begins with a(n)
O a. customer.
b. profit.
O c. idea.
O d. inverton.
Answer:
c an idea
Explanation:
can't have a business without an idea