suppose sue and joe agreed to collude and jointly maximize their profits. if sue and joe were to be able to repeatedly play the game shown earlier and they agreed on a penalty for defecting from their agreement, what is the likely outcome of the game?
Answers
The likely outcome of the game is that Sue and Joe will cooperate and maintain their agreement to maximize their profits.
By colluding and jointly maximizing their profits, Sue and Joe have a strong incentive to cooperate with each other. The agreed-upon penalty for defecting serves as a deterrent, as it creates a negative consequence for betraying the agreement. This penalty helps sustain their cooperation, as both players would prefer to avoid the negative outcome. Therefore, the likely outcome of the game is that Sue and Joe will consistently cooperate and uphold their agreement, leading to a mutually beneficial outcome for both parties.
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Related Questions
name the liability under which the private assets minus the private liabilities of a partner are liable to pay the liabilities of the firm
Answers
Answer:
Limited Liability
Explanation:
One of the disadvantages of forming a Partnership is the issue of Limited Liability.
Limited Liability means that Partners are liable for the debts of the company to the extent of their investment in a partnership arrangement.
1 debt 10. 0% 1 wACCE 11. 20% asset 15. 0% tax rate 34%. Equity 24. 9% 1 Tee 2%
Tiger Towers, Inc. Is considering an expansion of their existing business, student apartments. The new project will be built on some vacant land that the firm has just contracted to buy. The land cost $1,000,000 and the payment is due today. Construction of a 20-unit office building will cost $3 million; this expense will be depreciated straight-line over 30 years to zero salvage value; the pretax value of the land and building in year 30 will be $18,000,000. The $3,000,000 construction cost is to be paid today. The project will not change the risk level of the firm. The firm will lease 20 offices suites at $20,000 per suite per year; payment is due at the start of the year; occupancy will begin in one year. Variable cost is $3,500 per suite. Fixed costs, excluding depreciation, are $75,000 per year. The project will require a $10,000 investment in net working capital.
What is the unlevered after-tax incremental cash flow for Year 0? What is the unlevered after-tax incremental cash flow for Year 2? What is the unlevered after-tax incremental cash flow for Year 30?
Answers
Therefore, the unlevered after-tax incremental cash flow for Year 30 is: $11,883,400
The depreciation expense for each year and adjust for the change in net working capital.
Year 0:
The cash outflow for Year 0 is the cost of the land and the construction cost, which is $1,000,000 + $3,000,000 = $4,000,000. There are no cash inflows in Year 0.
The depreciation expense for Year 0 is $3,000,000/30 = $100,000.
The change in net working capital for Year 0 is -$10,000.
Therefore, the unlevered after-tax incremental cash flow for Year 0 is:
Cash flow = (Cash inflow - Cash outflow - Depreciation) * (1 - Tax rate) + Depreciation - Change in net working capital
Cash flow = (0 - $4,000,000 - $100,000) * (1 - 0.34) + $100,000 - (-$10,000)
Cash flow = -$2,636,000
Year 2:
The cash inflow for Year 2 is the lease payments for 20 office suites, which is 20 * $20,000 = $400,000. The variable cost for 20 office suites is 20 * $3,500 = $70,000. The fixed cost for Year 2 is $75,000.
The depreciation expense for Year 2 is $3,000,000/30 = $100,000.
The change in net working capital for Year 2 is 0 (assumed).
Therefore, the unlevered after-tax incremental cash flow for Year 2 is:
Cash flow = (Cash inflow - Cash outflow - Depreciation) * (1 - Tax rate) + Depreciation - Change in net working capital
Cash flow = ($400,000 - $70,000 - $75,000 - $100,000) * (1 - 0.34) + $100,000 - 0
Cash flow = $110,900
Year 30:
The cash inflow for Year 30 is the pretax value of the land and building, which is $18,000,000. The variable cost for 20 office suites is 20 * $3,500 = $70,000. The fixed cost for Year 30 is $75,000.
The depreciation expense for Year 30 is $3,000,000/30 = $100,000.
The change in net working capital for Year 30 is 0 (assumed).
Therefore, the unlevered after-tax incremental cash flow for Year 30 is:
Cash flow = (Cash inflow - Cash outflow - Depreciation) * (1 - Tax rate) + Depreciation - Change in net working capital
Cash flow = ($18,000,000 - $70,000 - $75,000 - $100,000) * (1 - 0.34) + $100,000 - 0
Cash flow = $11,883,400
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Which advice will help Luke, a bank employee, advance in his career?
ОА. Don't waste too much time on academic learning.
OB. Spend as much time as you can socializing with your colleagues.
OC. Agree with everything your manager says.
OD. Maintain a positive attitude toward learning.
Answers
D. Maintain a positive attitude towards learning.
Answer:
D. Maintain a positive attitude towards learning.
Explanation:
Problem analysis identifies which of the following? A. The potential target of a risk
B. The effect of a risk
C. Whether the risk is internal or external
D. How to avoid a risk
Answers
How to avoid a risk identifies a problem analysis. The correct option is D. Understanding real-world issues and user needs, then putting forward solutions to address those needs, is the process of problem analysis.
What is a problem analysis?Understanding real-world issues and user needs, then putting forward solutions to address those needs, is the process of problem analysis. Prior to developing a solution, problem analysis aims to gain a deeper understanding of the issue at hand.
In order to analyze a problem, it is necessary to first identify the main issue and then determine its causes and effects. This analysis' main goal is to find the "root causes," not just the symptoms of the issue so that they can be addressed in the project design.
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The new CEO of Roile Manufacturing has asked for a variety of information about the operations of the firm from last year. The CEO is given the following information, but with some data missing (Click the icon to view the variety of operations information.) Read the requirements Requirement 1. Find (a) total sales revenue, (b) selling price, (c) rate of return on investment, and (d) markup percentage on full cost for this product Begin by calculating the (a) total sales revenue Rearrange the income statement formula to solve for the amount Sales revenue Data table Total sales revenues Number of units produced and sold Selling price Operating income Total investment in assets Variable cost per unit Fixed costs for the year ? 500,000 units ? 195,000 2,000,000 3.75 3,000,000 59 $ $ $ $ EA XT or 4 Requirements 1. Find (a) total sales revenue, (b) selling price, (c) rate of return on investment, and (d) markup percentage on full cost for this product. 2. The new CEO has a plan to reduce fixed costs by $200,000 and variable costs by $0.60 per unit while continuing to produce and sell 500,000 units. Using the same markup percentage as in requirement 1, calculate the new selling price. 3. Assume the CEO institutes the changes in requirement 2 including the new selling price. However, the reduction in variable cost has resulted in lower product quality resulting in 15% fewer units being sold compared to before the change. Calculate operating income (loss). 4. What concerns, if any, other than the quality problem described in requirement 3, do you see in implementing the CEO's plan? Explain briefly.
Answers
Requirement 1:
To calculate the total sales revenue, we multiply the number of units produced and sold by the selling price of each unit. The formula is:
Total sales revenue = Number of units produced and sold x Selling price
Using the given values:
Number of units produced and sold = 500,000
Selling price = $3.75
Therefore:
Total sales revenue = 500,000 x $3.75
Total sales revenue = $1,875,000
Requirement 2:
The new CEO plans to reduce the fixed costs by $200,000 and the variable costs by $0.60 per unit. This results in a new variable cost per unit of $2.15. We can calculate the new selling price using the following formula:
New selling price = (Variable cost per unit + Full cost per unit) x Markup percentage on full cost
To calculate the full cost per unit, we divide the fixed cost for the year by the number of units produced and sold:
Full cost per unit = Fixed cost for the year / Number of units produced and sold
Given:
Fixed cost for the year = $2,000,000
Number of units produced and sold = 500,000
Therefore:
Full cost per unit = $2,000,000 / 500,000
Full cost per unit = $4
Now we can calculate the new selling price:
New selling price = ($2.15 + $4) x 59%
New selling price = $3.88
Requirement 3:
The CEO's plan to reduce the variable cost per unit leads to a lower product quality, resulting in 15% fewer units sold. Therefore, the new number of units produced and sold will be 425,000 (500,000 - 15% of 500,000).
To calculate the new operating income (loss), we use the formula:
Operating income (loss) = Total sales revenue - Total investment in assets - Total variable costs - Fixed costs for the year
Given:
Total sales revenue = (425,000 x $3.88)
Total investment in assets = $3,000,000
Total variable costs = (425,000 x $2.15)
Fixed costs for the year = $1,800,000
Therefore:
Operating income (loss) = (425,000 x $3.88) - $3,000,000 - (425,000 x $2.15) - $1,800,000
Operating income (loss) = $217,000
Requirement 4:
One of the concerns of implementing the CEO's plan is the potential impact on the quality of the product. By reducing the variable cost per unit, there might be a compromise in product quality, which could lead to a decrease in sales revenue.
Another concern is the potential impact of reducing fixed costs on the quality of production and distribution of the product. The cost reduction may compromise the resources allocated to maintaining high-quality production processes and efficient distribution channels.
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Outline four functions of advertising firms to the producers
Answers
Answer:
Here are four functions of advertising firms to producers:
Market research: Advertising firms can help producers understand the needs and preferences of their target market through market research. This can involve collecting and analyzing data about consumer behavior, demographics, and competition.
Campaign planning: Advertising firms can help producers develop and implement advertising campaigns that effectively promote their products or services. This can include creating advertisements, choosing media outlets, and setting budgets.
Advertising design: Advertising firms can help producers create compelling and effective advertisements for their products or services. This can involve developing slogans, creating visual designs, and writing copy.
Media planning: Advertising firms can help producers choose the most appropriate media outlets for their advertisements, based on the target market and budget. This can include selecting television, radio, print, or online media.
Answer: The four functions are:
1. attracting clients
2. account management
3.researchers
4. coordination between advertiser media and distributor
Explanation:
Sarah needs to transfer money from one of her bank accounts to another. She would call someone from the Banking Services pathway of the Finance career cluster to help her do this.
A. True
B. False
Answers
The Answer is: A. True
She would need to call someone from the Banking Services pathway of the Finance career cluster to help her.
Other things the same, a decrease in the price level makes the dollars people hold worth
Select one:
a. less, so they are willing to spend less.
b. more, so they are willing to spend more.
c. more, so they are willing to spend less.
d. less, so they are willing to spend more.
Answers
Your answer: b. more, so they are willing to spend more.In economics, the concept of willingness to pay refers to the maximum amount of money that a consumer is willing to spend on a product or service. The willingness to pay is determined by the perceived value of the product or service to the consumer. When consumers perceive a higher value in a product, they are willing to pay more for it.
For example, luxury goods are often priced higher than their counterparts due to the perception of higher quality and prestige. Consumers who value these aspects of a product will be willing to pay a higher price for it. This is why luxury automakers are able to charge premium prices for their vehicles. Consumers who value the luxury features, performance, and status associated with these brands are willing to pay more for them.
Overall, the willingness to pay is influenced by a variety of factors, including personal preferences, income level, and the perceived value of the product or service. As a result, companies that can create high perceived value for their products are often able to charge higher prices and generate greater profits.
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In the Promotion Budget Resource, teams can select which of the following media areas.
A. Print Media and Television.
B. Email and Telephone Contact.
C. Trade and Road Shows.
D. Web Media and Direct Mail.
Answers
In the Promotion Budget Resource, teams can select from four different media areas to allocate their promotional budget: Print Media and Television, Email and Telephone Contact, Trade and Road Shows, and Web Media and Direct Mail.
Promotion is an essential component of marketing that involves communicating information about a product or service to potential customers. To do so, companies allocate a budget to promote their products or services. The Promotion Budget Resource offers teams a selection of four media areas to allocate their promotional budget: Print Media and Television, Email and Telephone Contact, Trade and Road Shows, and Web Media and Direct Mail.
Print Media and Television involve traditional media platforms such as newspapers, magazines, and television ads. Email and Telephone Contact includes targeted email campaigns and telemarketing. Trade and Road Shows are face-to-face promotional events where companies can showcase their products to potential customers. Finally, Web Media and Direct Mail includes digital marketing efforts such as online ads, social media, and direct mail campaigns.
By offering these different media areas, the Promotion Budget Resource allows teams to choose the most effective channels to reach their target audience and allocate their promotional budget accordingly. Depending on the product or service, some media areas may be more effective than others, and it's essential to choose the most suitable options to ensure the success of the promotion.
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Peter Samuels owns and manages his single-member LLC that provides a wide variety of financial services to his clients. He is married and will file a joint tax return with his spouse, Amy. His LLC reports $300,000 of qualified business income, W–2 wages of $120,000, with qualified property with an unadjusted basis of $75,000. Their taxable income before the QBI deduction is $285,000 (this is also their modified taxable income). Determine their QBI deduction for 2019.
Answers
Answer:
$60,000
Explanation:
Since Peter's taxable income before the QBI is $285,000, he can claim the maximum QBI deduction. The current phase out starts at $326,600 for married filing jointly or $163,300 for single filers.
Maximum QBI deduction = 20% x qualified business income (QBI) = 20% x $300,000 = $60,000
Earning a degree can be expensive but which example shows why it might be worth it?
(financing higher education)
Answers
Answer:
Earning a degree can be expensive but it can almost guarantee you great job opportunities and great job opportunities can provide great income, and other benefits.
Explanation:
What is characteristic of an organization in which salespeople do most or all of their own marketing?
independent
small size
nonprofit
private
Answers
Answer:
private
Explanation:
people are doing private marketing to earn money for themselves
If Doria needs a short-term loan, what type of loan would you recommend she seek and from what type of financial institution? Justify your recommendation.
Answers
Explanation:
Short term loans are loans which are normally needed in order to take care of an emergency.
Doria can get short term loans from banks. To get this she has to be an already existing member of this bank.
She can also get from credit unions. Their rate of interest is usually smaller than the banks own and to access a loan she has to be an already existing customer of the union.
Also there are payday loans that she can lend from and pay back on her next pay day.
I would recommend borrowing from the credit union and the reason is simple, the interest rate is lower. So what she would be paying back in addition to her loan amount is going to be low.
a declining stock market index due to lower share prices
Answers
It is essential to analyze the reasons behind a declining stock market index and take measures to mitigate the losses to prevent further damage.
A stock market index reflects the performance of several selected companies listed on the stock exchange. It is a measure of the overall stock market, a decline in stock prices would lead to a decrease in stock market index value. This means that the share prices of these listed companies are decreasing and investors are experiencing losses. A declining stock market index due to lower share prices might be attributed to various reasons like overall weak economic conditions, high-interest rates, or political unrest.
The decreasing value of the stock market index would result in negative sentiment among investors, which would lead to panic selling and further decrease the value of the index. Furthermore, a decline in the stock market index would lead to a decrease in the net worth of companies listed in the stock exchange, causing them to reduce their investment in new projects and lay off employees. This can create a ripple effect in the economy, leading to decreased consumer spending and slower economic growth.
Therefore, it is essential to analyze the reasons behind a declining stock market index and take measures to mitigate the losses to prevent further damage.
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xiu li has found several properties to show marco, owner of the upcycled dog, who is looking for a new storefront for his business. at which point in the personal selling process does xiu li show her properties? multiple choice sales presentation pre-approach approach prospecting and qualifying closing the sale
Answers
Based on the fact that Xi li has found several properties to show Marco, owner of the upcycled dog, who is looking for a new storefront for his business, the point in the personal selling process Xiu li shows her properties is known as the presentation.
What is Buying and Selling?This refers to the term that is used to show a process of market that involves the movement of commodities between sellers and buyers where value is exchanged for a product.
Hence, it can be seen that when it comes to showing a buyer a piece of pieces of properties, the point in the personal selling process the seller shows her properties is the presentation where the buyer sees and views exactly what is being offered to him to buy.
With this in mind, we can see and easily deduce that the correct answer has been given above and well explained.
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9. Search costs are
(1) The point at which quantity demanded
and quantity supplied are equal.
(2) The financial and opportunity costs
consumers pay when looking for a good or
service.
(3) A situation in which quantity supplied is
greater than quantity demanded; also
known as excess supply.
(4) A situation in which quantity demanded
is greater than quantity supplied; also
known as excess demand.
Answers
Answer:
The answer is the second one
Explanation:
Hopes this helps
have my points uf7ttg vgh
Answers
Answer:
thanks
Explanation:
In July 1999, the average price of gasoline was $1.197 per gallon in the U.S. By July 2008, the average price of gasoline was $4.114 per gallon. Assuming the price continues to increase linearly, determine an appropriate model for the price per gallon of gasoline x years after July 1999. Interpret the y-intercept, then use the model to predict the price of gasoline per gallon in July 2025.
Answers
Using this linear model, the predicted price of gasoline per gallon in July 2025 would be approximately $9.613.
To determine an appropriate model for the price per gallon of gasoline x years after July 1999, we can use the linear equation:
price = mx + b
where x represents the number of years after July 1999, m is the slope (rate of increase), and b is the y-intercept.
We can calculate the slope (m) using the given data:
m = (price2 - price1) / (year2 - year1)
= ($4.114 - $1.197) / (2008 - 1999)
= $2.917 / 9
= $0.3241
Using the slope, we can determine the equation for the price per gallon of gasoline:
price = 0.3241x + b
To find the y-intercept (b), we can substitute one of the data points:
$1.197 = 0.3241(0) + b
b = $1.197
The equation for the price per gallon of gasoline x years after July 1999 is:
price = 0.3241x + $1.197
To predict the price of gasoline per gallon in July 2025, we need to calculate the number of years since July 1999 (x = 2025 - 1999 = 26):
price = 0.3241(26) + $1.197
price = $8.4166 + $1.197
price ≈ $9.613
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What are some of the reasons that management purchases its own stock? b. Explain how earnings per share might be affected by treasury stock transactions. c. Calculate the debt to assets ratio for the current year and the prior year, and discuss the implications of the change.
Answers
Answer:
a) first of all, in order for a company to repurchase their stock they must have extra cash available that will not be used for financing either existing or future projects. Also, corporations tend to repurchase stocks when they believe that their market price is too low (or lower than their own calculations). When corporations start to repurchase stocks, generally the market price tends to increase.
b) since treasury stocks decrease the company's total outstanding stocks, the earnings per share will increase. EPS = (net income - preferred dividends) / weighted average outstanding common stocks. If the denominator decreases, then the total result should increase.
c) the information is missing, so there is no way to calculate the debt to assets ratio. But if we analyze the formula:
debt to assets ratio = total debt / total assets
when equity decreases (treasury stocks decrease equity), total assets will also decrease, but debt remains the same. Therefore, an increase in treasury stocks will result in a higher debt to assets ratio which means that the company's risk is higher than before.
2.2. Briefly describe how you would set up an annual
budget for your department. Explain how you would control
performance against this
budget. (10)
Answers
Remember, effective budgeting requires regular monitoring, flexibility, and adaptation. Keep in mind that the budget should align with the department's goals and reflect the available resources.
To set up an annual budget for your department, follow these steps:
1. Identify the financial goals
: Determine the objectives and priorities for your department for the upcoming year.
This could include revenue targets, cost reduction goals, or investment plans.
2. Estimate revenues:
Evaluate the potential income sources for your department.
Consider factors such as sales, subscriptions, grants, or any other sources of revenue.
3. Estimate expenses: Identify all the costs associated with running your department. This includes salaries, benefits,supplies, equipment, marketing expenses, and any other relevant expenditures.
4. Calculate the budget: Subtract the estimated expenses from the estimated revenues to arrive at your department's budget.
Ensure that the expenses are within the allocated budget.
5. Monitor performance: Regularly review and compare actual performance against the budget.
This will help you track any deviations and take necessary corrective actions.
Use financial reports, expense tracking software, or other tools to monitor spending and revenue generation.
6. Analyze variances: Analyze any differences between the budgeted and actual figures.
Identify the reasons behind the variances and adjust future plans accordingly.
This could involve reallocating resources, revising budgets, or implementing cost-saving measures.
7. Communicate and collaborate: Share the budget and performance reports with your team.
Encourage their input and involve them in decision-making processes.
This will foster accountability and ownership.
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Zane works out in the ocean installing huge wind turbines to provide the coastal communities with clean energy. The Energy cluster pathway that Zane works in is _____.
Answers
Answer: energy and power technology.
Explanation: trust me i took the quiz
Zane works out in the ocean installing huge wind turbines to provide the coastal communities with clean energy. The Energy cluster pathway that Zane works in is energy and power technology.
What is energy?The phrase energy means the ability to accomplish work, which is the ability to apply a force that causes an item to move. Potential energy and kinetic energy are the two forms of energy. Each form can be converted or altered to another. Energy is what causes things to alter and move.
Zane is employed by the Energy cluster program, which trains students for employment in energy planning, generation, planning, maintenance, and distribution. Students are prepared for employment in the energy sector, especially those involving renewable energy sources like wind turbines, through the Energy Career Cluster.
As a result, the significance of the Energy cluster pathway that Zane works are the aforementioned.
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The ________ dimension of quality asks how long a product can go between failures or the need for maintenance.
Answers
The reliability dimension of quality asks how long a product can go between failures or the need for maintenance.
In facts and psychometrics, reliability is the overall consistency of a measure.[1] A degree is said to have high reliability if it produces comparable effects underneath steady situations:
"it's miles the function of a set of take a look at rankings that pertains to the number of random blunders from the measurement procedure that is probably embedded inside the scores.
ratings which can be exceedingly dependable are precise, reproducible, and constant from one testing event to any other. that is, if the testing procedure has been repeated with a collection of check takers, basically equal results would be obtained. various varieties of reliability coefficients, with values ranging between zero.00 (tons errors) and 1.00 (no error), are commonly used to suggest the quantity of error within the ratings."Learn more about reliability here: https://brainly.com/question/24716030
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State four ways in which the post office helps traders communicate to one another.
Answers
Answer:
The post office helps traders to keep in touch with each other quickly. The Post office also provides express delivery by local urgent mail.
Answer:
he
Explanation:
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#10 During June 2022, your company recorded depreciation of $8,000 on equipment in your factory. What effect did this have on your company’s accounting system? (select only one option from below)
The balance in the factory overhead account will decrease, and the balance in the Accumulated Depreciation account will increase.
The balance in the depreciation expense account will increase, and the balance in the Factory Overhead account will decrease.
The balance in the factory overhead account will increase, and the balance in the Accumulated Depreciation account will decrease.
The balance in the factory overhead account will increase, and the balance in the Accumulated Depreciation account will increase.
The balance in the depreciation expense account will increase, and the balance in the Accumulated Depreciation account will decrease.
The balance in the factory overhead account will decrease, and the balance in the Accumulated Depreciation account will decrease.
The balance in the depreciation expense account will increase, and the balance in the Factory Overhead account will increase.
The balance in the depreciation expense account will increase, and the balance in the Accumulated Depreciation account will increase.
Answers
The balance in the Depreciation Expense account will increase, and the balance in the Accumulated Depreciation account will increase. During June 2022, when your company recorded depreciation of $8,000 on equipment in your factory, the effect this had on your company's accounting system is the balance in the Depreciation Expense account will increase, and the balance in the Accumulated Depreciation account will increase.
Depreciation refers to the allocation of the cost of a tangible asset over its useful life. Each accounting period, a portion of the asset's cost is expensed, and the remainder is reported on the balance sheet as a contra asset account known as Accumulated Depreciation. The Depreciation Expense account reflects the total amount of depreciation cost that has been expensed since the asset was acquired.
The balance in the Depreciation Expense account increases whenever depreciation is recorded. The Accumulated Depreciation account reflects the total amount of depreciation expense that has been recorded and reduces the carrying value of the asset. The balance in the Accumulated Depreciation account increases whenever depreciation is recorded. To summarize, when a company records depreciation, it increases the balance in the Depreciation Expense account and the Accumulated Depreciation account.
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Which type of interest is charged on both the original amount borrowed and
the interest that has already accumulated?
A. Corporate interest
B. Bankruptcy interest
C. Simple interest
D. Compound interest
Answers
Answer: compound interest broski
Why is it important to review your checking account statement? what fees might this help you avoid? explain your answer.
Answers
It is important to review your checking account statement it contains useful information, where your money is manipulated, or the credits and debits are ongoing in your account.
Regularly checking your account gives you information and reminders about the bank charges, such as overdraft charges, transaction fees and the minimum amount charges. By regular seeing your bank statement can also provide past transaction by which you can provide a proof whenever it is required. And this feature also helps you in preventing from fraudulent activities.
If your spending patterns do not match your earning potential, seeing the closing balance on your accounts at the conclusion of your statement cycle can be a frightening experience.
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What are some ways that overpopulation could be stopped?
Answers
Answer:
Educating the general public, Promote family planning, government incentives
Explanation:
Some ways that could stop overpopulation is by having more incentives for people who don't have as many kids and by promoting family planning. People will be more educated and know the consequences of having to many children. The more educated they are the less likely they are to have mulitple children because they will know that having children is expensive.
You can conclude that a country is better off if you know that the (nominal, real) value of its production has gone (up, down) Select one: a real, down b. nominal, down. c. real, up d nominal, up. Kamisha is planning her activities for a hot summer day. She would like to go both to the swimming pool and to see the latest blockbuster movie, but because she can only get tickets to the movie for the same time that the pool is open she can only choose one activity This illustrates the basic principle that Select one: a. Exchange is mutually beneficial b. Real values matter. c. Returns eventually diminish d. Resources are scarce e. People respond to incentives. Marginal utility is defined as the satisfaction derived from consuming Select one a a good for the first time b. a good you don't have to pay for c the first unit of a good d. the total available amount of a good c an additonal unit of a good
Answers
1. You can conclude that a country is better off if you know that the real value of its production has gone up.Real values reflect the current value of a commodity, whereas nominal values reflect the face value of a commodity, unaffected by the changing prices of commodities.
In the absence of price changes, nominal values are useful, but when the prices of commodities fluctuate, real values are more helpful.The real values of goods and services are used to assess a country's economy's growth or decline over time. The real value of production is calculated by subtracting inflation or price rises from the nominal value of production.2. This illustrates the basic principle that people respond to incentives.People are motivated by incentives, which are things that encourage or discourage them from acting in a certain way. When faced with two mutually exclusive choices, Kamisha responds to incentives by selecting the option that gives her the most satisfaction or the least discomfort. People's incentives differ from one person to the next, and their reactions to incentives are based on their individual preferences, beliefs, and goals.3. Marginal utility is defined as the satisfaction derived from consuming an additional unit of a good.Marginal utility is the benefit or satisfaction gained from consuming one more unit of a good or service. The first unit of a good or service does not yield any satisfaction, but the second and subsequent units produce a decreasing level of satisfaction.
This concept is used to determine the optimal level of consumption for a given commodity. Marginal utility is used to quantify how much a good or service is worth to a consumer, and it decreases as the amount of consumption increases.
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Sharon is opening a new pizza restaurant that will use a combination of workers and ovens to produce pizzas. Sharon knows from experience that the total number of pizzas she can produce in an hour is given by the function q=4K0.5L0.5 , where q is the number of pizzas per hour, K is the number of ovens, and L is the number of workers. Suppose another pizza restaurant in the same town can produce 19 pizzas per hour. Being an extremely competitive person, Sharon wants to produce 20 pizzas per hour. Therefore, his total hourly cost function is given by ____
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Answer:
Q+X = [4K^1/2L^1/2] + X
Explanation:
L = labour = workers
K = capital = ovens
You don't have the exact value of Q since the values of K and L are not given.
You should however note that Q is less than or equal to 19 pizzas/hour, since Sharon sought to stretch his capacity by producing up to 20 pizzas/hour owing to the presence of a competitor.
Assuming the distance/difference between 20 and Q is X (a positive number).
Sharon's new hourly cost function will be:
\(Q+X = [4K^1/2L^1/2] + X\)
Q+X = 20 and the law of mathematics states that whatever you add to the left hand side must be added to the right hand side, hence the addition of X to both sides of the equation instead of the left hand side alone.
The function can now be rewritten as 20 = [4K^1/2L^1/2] + X
where X = 20 - Q
During 1995, the yen went from $0.07 to $0.15. By how much did the dollar change in value against the yen? Please answer as a. aportion (Le., 16% increase in value of the dollar is entered as .16)
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The dollar's value against the yen increased by 1.14.Therefore, as a proportion, the increase in value of the dollar against the yen is entered as .114 (i.e., 114 percent increase in value of the dollar is entered as .114).
During 1995, the yen went from $0.07 to $0.15. By how much did the dollar change in value against the yen?The starting value of the dollar was $0.07.The final value of the dollar was $0.15.The formula for calculating the percentage increase between the dollar's starting and final values is:($0.15 - $0.07)/$0.07
= 1.14That means the dollar's value increased by 114 percent during 1995. The dollar's value against the yen increased by 1.14.Therefore, as a proportion, the increase in value of the dollar against the yen is entered as .114 (i.e., 114 percent increase in value of the dollar is entered as .114).
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