Suppose, that after a successful career, a worker retired precisely as planned with precisely the amount saved that they intended. Upon retirement, they reduced their consumption and spent much less, living a much more simple life. Is this behavior consistent with the permanent income hypothesis?
Answers
Answer: Yes it is
Explanation:
The Permanent Income Hypothesis posits that human expenditure in the short term is based on the amount of income they expect to get as income over the long term.
If a person for instance, knows that they will receive a pay cut at the end of the year, they will probably spend less today to survive the pay cut.
Same goes for the worker in this scenario. They know that the amount they saved is all they have now and into the future so they are adjusting their expenses to ensure they survive on that saving.
Related Questions
If a business invests in stocks or another business, what is its goal?
A. to create a mutual fund
B. to earn revenue for the company
C. to help expand business products
D. to decrease the amount of taxes a business pays
Answers
Answer:
B. to earn revenue for the company
Explanation:
The purpose of investing in stocks is to profit from dividend payments or capital gains. When a company invests in stocks of another business, it becomes a shareholder in that business. It is entitled to share in the profits of the business like any other stakeholder. An increase in the share price will results in profits when the shares are sold. A company will invest in the shares of another business earn more revenue.
Business transactions
Answers
Answer:
A business transaction is a financial transaction between two or more parties that involves the exchange of goods, money, or services
Which of the following statements regarding the differences between managerial accounting applications for manufacturing and service companies is not true?
a. Overhead is an indirect cost incurred in serving customers in a service company.
b. Labor may be a direct cost to customers for a service firm.
c. Service companies require a physical production site.
d. Service companies may use cost of services on the income statement rather than cost of goods sold.
Answers
Answer:
Option C) Service companies require a physical production site is not a true statement.
Explanation:
Service companies require a physical production site is not a true statement.This is because service companies are engaged in providing service to their customers/clients.Providing services does not require a physical production site, because no production is generally involved in relation to the rendering of the services.Learn more about service company, refer :
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Does a depression always follow a recession?
Yes, the trough is always considered a depression.
No, a depression is indicated when the recession is exceptionally long.
Yes, for recovery to occur, the trough must be reached.
No, the economy could decline quickly and bypass recession.
Answers
Answer: No, a depression is indicated when the recession is exceptionally long.
Explanation:
Explain I don’t know js copied
Africanisation (how will you incorporate the learners culture or heritage into the contemporary socio-economic issues lesson
Answers
By incorporating culturally relevant examples, guest speakers, local data, cross-cultural comparisons, a multilingual approach, and artistic expressions, we can incorporate learners' culture or heritage into the contemporary socio-economic issues lesson.
To incorporate the learners' culture or heritage into a contemporary socio-economic issues lesson, it is important to create a culturally responsive and inclusive learning environment that recognizes and values the African context. Here are some strategies to achieve this:
Culturally Relevant Examples: Use examples and case studies from African countries or communities that relate to the socio-economic issues being discussed. This helps students connect with the content on a personal and cultural level, fostering engagement and understanding.
Guest Speakers and Community Involvement: Invite guest speakers from diverse African backgrounds who can share their experiences and perspectives on the socio-economic issues being studied. This provides authentic and firsthand insights into how these issues manifest in different African contexts.
Local Data and Research: Incorporate local data and research from African sources to illustrate the impact of socio-economic issues. This helps students see the relevance of these issues within their own communities and promotes a sense of ownership and empowerment.
Cross-Cultural Comparisons: Encourage students to explore and compare socio-economic issues between African countries, as well as with other regions of the world. This broadens their perspective, promotes critical thinking, and encourages understanding of global interconnections.
Multilingual Approach: Recognize and embrace the diversity of languages spoken by students. Incorporate key terms, discussions, and resources in various African languages, ensuring that students can engage with the content in their native languages and feel valued.
Art, Music, and Literature: Incorporate African art, music, and literature that address socio-economic issues. This helps students explore these topics through creative expressions that resonate with their cultural heritage.
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If an analyst would like to develop a trailing MA forecast that incorporates more variability of historical data, she/he can apply:
a.
trailing MA with a small window width.
b.
trailing MA with a large window width.
c.
trailing MA with any window width.
d.
all of the above.
e.
none of the above.
Answers
If an analyst would like to develop a trailing MA forecast that incorporates more variability of historical data, she/he can apply: b. trailing MA with a large window width.
A larger window width means that more historical data will be used to calculate the moving average, which will result in a forecast that takes into account a wider range of variability in the data. A smaller window width, on the other hand, will result in a forecast that is less variable and more responsive to recent changes in the data. Therefore, option b is the correct answer.
What is forecast ?
A forecast is a prediction or estimate of future events, conditions, or trends based on historical data, statistical analysis, mathematical models, expert judgment, or a combination of these methods. Forecasts are used in many fields, including economics, finance, business, weather, sports, and engineering, to anticipate future developments and make informed decisions based on expected outcomes. A forecast can be short-term or long-term, and can involve a range of different techniques and methods. The accuracy and reliability of a forecast depend on the quality of the data, the appropriateness of the methods used, and the assumptions made about future conditions.
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Complete question is: If an analyst would like to develop a trailing MA forecast that incorporates more variability of historical data, she/he can apply, trailing MA with a large window width.
Select the correct answer.
John is in his late thirties, and works as a senior manager in a marketing firm. Despite achieving professional success, he likes to keep educating
himself. He enrolls in vocational courses and apprenticeship programs so that he can add value to his career. Which skills does John seem to
possess?
OA
interpersonal skills
ОВ.
resourcefulness
OC. lifelong learning skills
OD
creativity
OE.
task management skills
Reser
Next
Reset
Next
Answers
Answer:
Lifelong Learning
Explanation:
What are the disadvantages of centralization of authority
Answers
Answer:
abuse of authority.
not smooth functioning.
What is persecution
Answers
Answer:
: to harass or punish in a manner designed to injure, grieve, or afflict specifically : to cause to suffer because of belief.
Explanation:
Jennings Co. has total assets of $433.0 million. Its total liabilities are $114.5 million. Its equity is $318 million. Calculate the debt ratio. (Round your answer to 1 decimal place.)
Answers
Answer: 26.4%
Explanation:
The debt ratio is used to show how much of the company's assets is funded by debt.
It is calculated by the formula:
= Total liabilities / Total assets
= 114.5 / 433.0
= 0.2644
= 26.4%
Price controls on rents are frequently implemented by governments in an effort to protect renters from high housing prices. Differentiate the type of price control used from other potential price controls, and then formulate reasons as to why governments should be careful when implementing these types of controls.
Answers
The two primary varieties of price restrictions are known as price ceilings and price floors respectively.
What exactly are these pricing controls?Price control is a technique that the government uses to guarantee that the price of a product or service on the market does not become too high or cheap.
Price controls may be broken down into two categories: price ceilings and price floors. Price floors and ceilings are used to determine the lowest and maximum amounts of a product's price, respectively. Price ceilings are used to determine the maximum amount of a product's price.
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Type the correct answer in the box. Spell all words correctly. Which option in a presentation program contains the formatting and placeholders for all of the items that appear on a slide? The ____ option contains the formatting and placeholders for all of the items that appear on a slide.
Answers
The "Slide Master option contains the formatting and placeholders for all of the items that appear on a slide.
The Slide Master is a feature available in presentation software, such as Microsoft PowerPoint or Slides, that allows users to define and apply consistent formatting and layout to all slides in a presentation. It serves as a template or blueprint for the design and structure of each slide.
By accessing the Slide Master, users can customize the background, fonts, colors, and other design elements that will be applied to all slides in the presentation. It also contains placeholders for various items commonly found on slides, such as titles, text boxes, images, logos, and footer information.
The advantage of using the Slide Master is that it ensures consistency and efficiency when creating and editing slides. Instead of manually applying formatting and placeholders to each slide individually, users can make changes to the Slide Master, and those changes will be reflected across all slides in the presentation.
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Reducing an employee’s compensation because of poor performance is known as negative reinforcement.
Answers
Answer:
Explanation:
True
1.6. Explain strategies that can be used to ensure development.
Answers
Answer:
A good strategy takes advantage of current resources and assets, such as people's willingness to act or a tradition of self-help and community pride. It also embraces new opportunities such as an emerging public concern for neighborhood safety or parallel economic development efforts in the business community.
Explanation:
Development means any process which creates growth, progress and positive change to the physical, economic, environmental structure or components.
The needs for development in a nation for example are:
To ensure creation of job Business retention and expansionIncreased tax revenue.To Improved quality of life.Some strategies used to ensure development are
Serious engagement with stakeholders.Setting goals and commitments.Establishment of systems and processes.Effectively track progress.Learn more about development here
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Today you earn a salary of $28,500. What will be your annual salary fifteen years from
now if you earn annual raises of 3.5 percent?
Answers
Answer:
$47.747.44
Explanation:
After 14 years, the salary will be equivalent to the future value of $28,500 at 3.5% compound interest.
The formula for calculating compound interest is as follows.
FV = PV × (1+r)n
where FV = Future Value
PV = Present Value... 28,500
r = annual interest rate.... 3.5%
n = number of periods...15
Fv = $28,500 x ( 1+ 3.5/100)15
Fv = $28,500 x ( 1+0.035)15
Fv =$28,500 x 1. 67534883
Fv =$47.747.44
Contribution margin per unit. Number of units that Ender must sell to break even. Sales level in units that Ender must reach to earn a profit of $240,000. Determine the margin of safety in units, sales dollars, and as a percentage.
Answers
Answer:
a. $120
b. 5,000 units
c. 7,000 units
Explanation:
Hi, your question is incomplete, I found the full question online and uploaded text and image below.
Workings and explanations :
Contribution margin per unit = Sales - Variable Cots
= $200 - $80
= $120
Break even (units) = Fixed Costs ÷ Contribution margin per unit
= $600,000 ÷ $120
= 5,000 units
Unit Sales to achieve a target profit = (Targeted Profit + Fixed Costs) ÷ Contribution margin per unit
= ($240,000 + $600,000) ÷ $120
= 7,000 units
Margin of Safety = Expected sales - Break even Sales
Note : There is no much details about the current sales level
FULL DETAILS OF THE QUESTION IS AS FOLLOWS :
Information concerning a product produced by Ender Company appears here: Sales price per unit $ 200 Variable cost per unit $ 80 Total annual fixed manufacturing and operating costs $ 600,000
It is generally recognized that the spending habits of individuals changes over their lives. In general, young adults tend to spend__________ than they earn, while older adults tend to spend_________. To accommodate their spending habits, young adults tend to rely on funds raised from__________. Retired adults, in contrast, tend to rely on_________ to cover the frequent shortage between their current expenditures and their current incomes.
Answers
Answer:
1. more
2. less
3. borrowing
4. past savings
Explanation:
It is generally recognized that the spending habits of individuals changes over their lives. In general, young adults tend to spend more than they earn, while older adults tend to spend less. To accommodate their spending habits, young adults tend to rely on funds raised from borrowing . Retired adults, in contrast, tend to rely on past savings to cover the frequent shortage between their current expenditures and their current incomes.
I NEED IT ASAP!!!!!!!
a) Search for a "family budget estimator" and calculate the monthly expenses for a family living in your city.
Insert a screenshot of the calculator you used, as well as all of the information you entered into it. If you are unable to insert a screenshot, then list the information below
b) State the minimum monthly income and hourly wage per worker needed to cover monthly expenses for the family you used in part a. Then, explain how to calculate the hourly wage based on the monthly income and state the hourly wage. Assume that each full-time worker works four 40-hour work weeks per month, and each part-time worker works two 40-hour weeks per month
c) Keeping all other criteria the same, add a child to the family you used in part a to determine the monthly expenses. How does an additional child impact the family budget and hourly wage? Which category was least affected by this change? Explain why you think there was little impact to this category
Answers
The main significance of a family budget estimator is that it helps to effectively manage money and helps the family to spend their money wisely on the things they needs.
What is a family budget estimator?This budget estimator helps to measures the income that a family needs in order to attain a modest yet adequate standard of living. The budgets also estimate the community-specific costs for 10 family types (one or two adults with zero to four children) in all counties and metro areas in the United States.
Based on the attached image:
MONTHLY COSTS
••• adults and ••• children
••• 2 adults and 4 children
Union County, NJ
HOUSING ••• $1,731
FOOD ••• $1,142
CHILD CARE ••• $1,723
Transportation ••• $1,173
HEALTH CARE ••• $1,528
OTHER NECESSITIES ••• $1,159
TAXES ••• $1,411
Monthly Total ••• $9,865
Annual Total ••• $118,386
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Prepare the journal entries to record the following transactions of Wildhorse Company's books under a perpetual inventory system. Clarify which are debit and which are credit.
(a) On March 2nd, Windsor Company sold $854,200 of merchandise to Wildhorse Company on account, terms 2/10, n/30. The cost of merchandise sold was $517800.
(b) On March 6th, Wildhorse Company returned $109800 of the merchandise purchased on March 2nd. The cost of the merchandise returned was $66800.
(c) On March 12th, Windsor Company received the balance due from Wildhorse Company.
Answers
a) Credit Inventory for $517,800
b) Debit Inventory for $66,800
c) Credit Accounts Receivable (or Trade Receivables) for the same amount
(a) The journal entry to record the sale of merchandise from Windsor Company to Wildhorse Company on March 2nd would be:
Debit Accounts Receivable (or Trade Receivables) for $854,200
Credit Sales Revenue for $854,200
Debit Cost of Goods Sold for $517,800
Credit Inventory for $517,800
The debit to Accounts Receivable represents the amount owed by Wildhorse Company for the merchandise purchased on account. The credit to Sales Revenue recognizes the revenue generated from the sale. The debit to Cost of Goods Sold recognizes the cost of the merchandise sold, and the credit to Inventory reduces the inventory balance as the goods are no longer in stock.
(b) The journal entry to record the return of merchandise by Wildhorse Company on March 6th would be:
Debit Sales Returns and Allowances for $109,800
Credit Accounts Receivable (or Trade Receivables) for $109,800
Debit Inventory for $66,800
Credit Cost of Goods Sold for $66,800
The debit to Sales Returns and Allowances reduces the revenue from the original sale. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company for the returned merchandise. The debit to Inventory increases the inventory balance as the goods are returned to stock, and the credit to Cost of Goods Sold reduces the cost of the merchandise originally sold.
(c) The journal entry to record the payment received by Windsor Company on March 12th would be:
Debit Cash (or Bank) for the amount received from Wildhorse Company
Credit Accounts Receivable (or Trade Receivables) for the same amount
The debit to Cash represents the inflow of funds from the customer's payment. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company, reflecting the settlement of the outstanding balance.
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.Capital, a business magazine, collected $480,000 in subscription revenue on May 31. Capital earns a minimum of $351,000 from the buyers who are not the subscribers. Each subscriber will receive an issue of the magazine for each of the next 12 months, beginning with the June issue. The company uses the accrual method of accounting. What is the balance in the Unearned Revenue account on December 31?
Answers
Answer:
the balance in the unearned revenue as on Dec 31 is $200,000
Explanation:
The computation of the balance in the unearned revenue as on Dec 31 is as follows
= Yearly subscription revenue collected ÷ total number of months in a year × given number of months
= $480,000 ÷ 12 months × 5 months
= $200,000
The five month is calculated from Dec 31 to May 31
Hence, the balance in the unearned revenue as on Dec 31 is $200,000
type of advance medical directive does the AMA recommend? a) Euthanasia b) Living will c) Durable power of attorney O d) Undue-burden test
Answers
Answer:
C) Durable power of attorney
Explanation:
Logic and Common Sense....
Stephanie hires Jeff to provide and plant three lemon trees at her house in one week. Jeff agrees in writing to do the job for $400. Jeff never does it. Stephanie hires Elaine to do the exact same job but Elaine charges $1,000 and completes the work. Stephanie sues Jeff in Superior Court. How much compensatory damages will Stephanie be awarded?
Group of answer choices
A) $0
B) $1,000
C) $400
D) $600
Answers
The amount of the compensatory damages that Stephanie be awarded is: D) $600.
Compensatory damagesUsing this formula
Compensatory damages=Amount elaine charges-Amount that Jeff charges
Let plug in the formula
Compensatory damages=$1,000-$400
Compensatory damages=$600
Therefore the correct option is D.
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Academic Vocabulary
What is meant by a confederation?
Answers
an agent that is employed by merrill lynch believes that the stock of the parent company (bank of america), which has been trading at new lows on the nyse, is ready for a rebound. she wants to recommend it to her customers. which statement is true about doing so? a this is an unethical business practice and is prohibited b this is permitted only if the agent discloses the existence of the relationship verbally when making the recommendation c this is permitted only if existence of the relationship is disclosed in writing on the confirmation d both choices b and c above
Answers
Option (d), both choices b and c above are correct about the agent's recommendation the customers. Hence this is a conflict of interest that must be disclosed to clients when making a recommendation.
What is meant by a business relationship?All entities that conduct business are connected to one another through business relationships. Included in this are the connections between different parties in a given business networks, such as those between employers and workers, employers and business partners, and all the organizations a business associates with.
The success of your company depends on having positive working relationships with both your staff and one another. Relationships go through four stages as they develop: pre-contact, first contact, development, and maturity. Both orally when making the suggestion and in writing before the transaction is finalized, the existence of the relationship must be revealed.
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Ryan is preparing his business plan for his new business venture. He wants to add the sales forecast in his short-term financial plan. How can he go about doing it? A. B. C. D. E. directly add a targeted sales figure to show the business as profitable exaggerate the sales figure to make it impressive show low sales to invite more help from investors research and analyze the sales of his competitors with the help of trade magazines and salespeople copy the sales figure of the competitors and highlight it
Answers
Answer:
D
Explanation:
D. Research and analyze the sales of his competitors with the help of trade magazines and salespeople.
Please Help!!!!
What are some reasons that companies might not be addressing Gen Y leadership development programs? Discuss
Answers
Due to the way they were taught, Generation Y really has a propensity to struggle with problem solving, failing, accepting and learning from errors, and having realistic expectations. Independence, accountability, and responsibility are all reduced.
What tactics should managers take when interacting with Generation Y workers?What Every Manager Needs to Know About Managing Generation Y
Help them get used to working there without alarming or insulting them.Provide them trustworthy educational experiences that will enable them to be successful in their careers.Prevent them from self-destructing.What can be a drawback for Gen Y workers?The stereotypes about millennials include being too relaxed, impatient, and lazy. Employers of Generation Y workers say that these people have low standards for pay, a poor work ethic, and difficulty focusing and concentrating. They seem to be hopping jobs in an outrageous manner.
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A potentially huge hurricane is forming in the Caribbean, and there is some chance that it might make a direct hit on Hilton Head Island, South Carolina, where you are in charge of emergency preparedness. You have made plans for evacuating everyone from the island, but such an evacuation is obviously costly and upsetting for all involved, so the decision to evacuate shouldn’t be made lightly. Discuss how you would make such a decision. Is EMV a relevant concept in this situation? How would you evaluate the consequences of uncertain outcomes?
Answers
It can be deduced that the expected monetary value (EMV) is relevant in the given situation and the way that will be used evaluate the consequences of uncertain outcomes.
What is expected monetary value?The expected monetary value means how much money you can expect to make from a certain decision. Decision-making under uncertainty is to make a decision without knowing the possible outcome of the situation.
In this case, the decision-makers estimate the possible chance of a hurricane hitting the island and the probability distribution of the damage that will be caused by it if in case it really happens.
These are extremely difficult probabilities to estimate as the damage estimation can be both damages to property as well as damage to human beings.
In a situation such as this, it is impossible to avoid difficult trade-offs between the losses incurred by monetary losses and the losses incurred by human losses.
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Barton Corporation acquires a coal mine at a cost of $1,800,000. Intangible development costs total $360,000. After extraction has occurred, Barton must restore the property (estimated fair value of the obligation is $180,000). Barton estimates that 6,000 tons of coal can be extracted. What is the amount of depletion per ton
Answers
Answer: $390 per ton
Explanation:
The depletion per ton is:
= Total cost of acquiring the coal mine / Number of tons that can be extracted
= (Acquisition cost + intangible development cost + Fair value of restoration) / Number of tons that can be extracted
= (1,800,000 + 360,000 + 180,000) / 6,000
= $390 per ton
ECON 100 01 Question:
In the economy of Mungo, there is a person called Ike. Ike has a red income of 82 and a blue income of 25. Recall that blue prices are 1 bcu (blue currency unit) per unit of ambrosia and 1 bcu per unit of bubble gum. Red prices are 2 rcus (red currency units) per unit of ambrosia and 6 rcus per unit of bubble gum. You have to pay twice for what you buy, once in red currency, once in blue currency. If Ike spends all of his blue income but not all of his red income he must consume (This is a “tough” question! Don’t spend more than 30 minutes trying to figure it out)
A. at least 8 units of bubble gum.
B. at least 17 units of ambrosia.
C. exactly twice as much bubble gum as ambrosia.
D. at least 13 units of bubble gum.
E. equal amounts of ambrosia and bubble gum
Answers
The correct answer is D. Ike must spend all of his blue income, but not all of his red income. Since blue prices are 1 bcu per unit of ambrosia and 1 bcu per unit of bubble gum, he must spend 25 bcus of his blue income.
What is income?Income is money or other types of compensation received in exchange for goods or services. It can come from a variety of sources, including wages from an employer, profits from a business, dividends from investments, and rent from a property. Income can also be generated from government benefits and pensions, and from annuities. Income is an important factor in determining an individual or family's standard of living and can be used to measure the economic well-being of a country or region.
Since red prices are 2 rcus per unit of ambrosia and 6 rcus per unit of bubble gum, he must spend at least 12 rcus of his red income for every 6 bcus he spends of his blue income. Therefore, Ike must spend at least 13 units of bubble gum to spend all of his blue income, but not all of his red income.
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29.
An operation was closed because of an extended electricity failure. When can it
begin service again?
Answers
It can begin service again approval is obtained from the regulatory authority.
When can service startThe duration for an organization to recommence its services after enduring a foremost electricity malfunction relies on several elements, such as the character of the operation, the magnitude of destruction caused by the power cut-off, as well as the accessibility of supplies requisite to renew operations.
For instance, if the establishment is a minor retail outlet, it can possibly resume working once the power source is restituted and various necessary safeguards have been established. Conversely, if the business is a major production concern or informatics server, it could take longer to reinstate tasks due to the meticulously intricate facilities and networks entailed.
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