Suppose that elementary education creates a positive externality. If the government subsidizes education by an amount equal to the per-unit externality it creates, then a. the equilibrium quantity of education will equal the socially optimal quantity of education b. the equilibrium quantity of education will be greater than the socially optimal quantity of education. c. the equilibrium quantity of education will be less than the socially optimal quantity of education d. There is not enough information to answer the question.
Answers
a. If the government subsidizes education by an amount equal to the per-unit externality it creates, the cost of education will decrease for individuals, leading to an increase in the quantity demanded of education.
This increase in education will lead to positive externalities such as a more educated workforce, better informed citizens, and reduced social costs associated with lower crime rates and improved health outcomes.
The socially optimal quantity of education is the quantity where the marginal social benefit equals the marginal social cost.
By subsidizing education, the government is essentially internalizing the positive externality, leading to the equilibrium quantity of education being equal to the socially optimal quantity of education.
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Related Questions
collaborative work management tools help people accomplish or mange gorup work activities. which of hte following is not a collaborative work mangement tool?
Answers
C) Microsoft Word, it lacks comprehensive project management functionalities found in dedicated collaborative work management tools.
Collaborative work management tools are designed to facilitate and streamline group work activities. Let's analyze each option to determine which one is not a collaborative work management tool:
A) Trello: Trello is a widely used collaborative work management tool that allows users to create boards, lists, and cards to organize and track tasks. It enables team members to collaborate on projects, assign tasks, and monitor progress.
B) Slack: Slack is a popular communication and collaboration platform that facilitates real-time messaging, file sharing, and integration with other tools. It promotes team collaboration and improves communication efficiency.
C) Microsoft Word: While Microsoft Word is a powerful word processing software, it is not primarily designed for collaborative work management. Although it offers some collaboration features like track changes and comments.
D) Asana: Asana is a leading collaborative work management tool used for project and task management. It allows teams to create projects, assign tasks, set due dates, and track progress. Asana enables seamless collaboration and coordination among team members.
In conclusion, the answer is C) Microsoft Word, as it does not primarily function as a collaborative work management tool compared to Trello, Slack, and Asana, which are specifically designed for managing group work activities.
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The probable question may be:
Collaborative work management tools help people accomplish or manage group work activities. Which of the following is not a collaborative work management tool?"
A) Trello
B) Slack
C) Microsoft Word
D) Asana
A company estimates that warranty expense will be 2% of sales. The company's sales for the current period are $146,000. The current period's entry to record the warranty expense is:___.
Answers
The current period's entry to record the warranty expense can be calculated by multiplying the sales amount by the estimated warranty expense percentage.
Estimated warranty expense = Sales * Warranty expense percentage
Given:
Sales = $146,000
Warranty expense percentage = 2% (or 0.02)
Warranty expense = $146,000 * 0.02 = $2,920
Therefore, the current period's entry to record the warranty expense would be:
Debit: Warranty Expense $2,920
Credit: Accrued Warranty Liability $2,920
This entry records the expense for the estimated warranty costs and creates a corresponding liability on the balance sheet to account for future warranty claims.
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How many trade schools are there for Avionics Technicians?
Answers
Answer:
Hi...
Explanation:
Expand Your Critical Thinking 13-3 (Part Level Submission) The Coca-Cola Company and PepsiCo, Inc. provide refreshments to every corner of the world. Suppose selected data from recent consolidated financial statements for The Coca-Cola Company and for PepsiCo, Inc. are presented here (in millions) Coca- Cola Total current assets Total current liabilities Net sales Cost of goods sold Net income Average (net) accounts receivable for the year Average inventories for the year Average total assets Average common stockholders' equity Average current liabilities Average total liabilities Total assets Total liabilities Income taxes Interest expense Net cash provided by operating activities Capital expenditures PepsiCo $17,551$12,571 8,756 43,232 20,099 5,946 4,654 2,570 37,921 14,556 8,772 23,466 39,848 23,044 2,100 397 6,796 2,128 2,732 13,721 30,990 11,088 6,824 3,424 2,271 44,595 22,636 13,355 21,960 48,671 23,872 2,040 355 8,186 1,993 3,800 ash dividends
Answers
An asset is considered a resource of the business that has an economic value in the future to the business which helps business activities to take place smoothly.
The Calculation for a current ratio
1. Current ratio = total current assets ÷ total current liabilities
Coca-cola: = $17,551 ÷ 13,721
= 1.28
Pepsi : = $12,571 ÷ $8,756
= 1.44
2. calculation for Accounts receivable turnover = Net sales ÷ average (net) accounts receivable
Coca-cola: = $30,990 ÷ $3,424
= 9.1
Pepsi : = $43,232 ÷ $4,654
= 9.3
3. calculation for Average collection period = (Accounts Receivable ÷ Net sales ) x 365 days
coca-cola: = ($3,424 ÷ 30,990) x 365 days
=40.3 days
Pepsi: = ($4,654 ÷ $43,232) x 365 days
= 39.3 days
4. calculation for Inventory turnover times = Sales ÷ Inventory
Coca-cola: =$30,990 ÷ $2,271
=13.6
For Pepsi: = $43,232 ÷ $2,570
=16.8
5. Calculation for Days in inventory days = (Average Inventory ÷ Cost of sales) x 365 days
Coca-cola: = ($2,271 ÷ $11,088 ) x365 days
=74.8 days
For Pepsi: = ($2,570 ÷ $20,099 ) x365 days
=46.7days
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The complete question is probably
The Coca-Cola Company and PepsiCo, Inc. provide refreshments to every corner of the world. Suppose selected data from recent consolidated financial statements for The Coca-Cola Company and for PepsiCo, Inc. are presented here (in millions).
Coca-Cola PepsiCo
Total current assets $17,551 $12,571
Total current liabilities 13,721 8,756
Net sales 30,990 43,232
Cost of goods sold 11,088 20,099
Net income 6,824 5,946
Average (net) accounts
receivable for the year 3,424 4,654
Average inventories
for the year 2,271 2,570
Average total assets 44,595 37,921
Average common
stockholders’ equity 22,636 14,556
Average current liabilities 13,355 8,772
Average total liabilities 21,960 23,466
Total assets 48,671 39,848
Total liabilities 23,872 23,044
Income taxes 2,040 2,100
Interest expense 355 397
Net cash provided by
operating activities 8,186 6,796
Capital expenditures 1,993 2,128
Cash dividends 3,800 2,732
Collapse question part
(a1)
Compute the following liquidity ratios for Coca-Cola and for PepsiCo. (Round current ratio to 2 decimal places, e.g. 6.25 and all other answers to 1 decimal place, e.g. 15.1.)
Coca-Cola PepsiCo
(1) Current ratio : 1 : 1
(2) Accounts receivable turnover times times
(3) Average collection period days days
(4) Inventory turnover times times
(5) Days in inventory days days
What does the quantitative evidence tell us about when the Great Divergencehappened? In your answer make reference to the debate between the traditionalists and the revisionists.(Apply knowledge of the global economy)
Answers
The quantitative evidence tells us that the Great Divergence started around the late 18th century, but there is a debate among traditionalists and revisionists regarding the exact timing and causes of this divergence.
The Great Divergence refers to the period between the 18th and 20th centuries when some countries, particularly in the West, experienced significant economic growth and prosperity while others, primarily in Asia, remained relatively stagnant. Traditionalists argue that the Great Divergence was caused by Europe's industrial revolution, which led to significant technological advancements and increased productivity. Revisionists, on the other hand, point to factors such as European imperialism and the exploitation of resources from other parts of the world, which they argue allowed for the accumulation of wealth that fueled Europe's economic growth.
Quantitative evidence shows that from the mid-18th century to the mid-19th century, European countries experienced a significant increase in per capita income, while Asian countries saw little to no growth. However, revisionists argue that this growth was not due to any inherent superiority of Western societies but rather was the result of a combination of factors, including imperialism and exploitation.
In conclusion, the quantitative evidence tells us that the Great Divergence started in the late 18th century, but there is a debate among traditionalists and revisionists regarding the exact causes and timing of this divergence. Regardless of the specific causes, it is clear that the Great Divergence had a significant impact on the global economy and contributed to the current distribution of wealth and power around the world.
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Why corporations can raise large amounts of money ?
Answers
Corporations can collect a lot of cash Since most companies sell proprietorship through public stock, they can undoubtedly raise assets by selling stock. This admittance to financing is an extravagance that other substance types don't have.
It is extraordinary for growing a business as well as for saving an enterprise from failing amid hardship. companies frequently need to raise outside subsidizing or capital to grow their organizations into new business sectors or areas.
Companies can raise capital through one or the other obligation or value funding. Obligation support requires getting cash from a bank or other moneylender or giving corporate securities.
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a pound is how many dollars
Answers
As of February 21, 2023, the exchange rate between the British pound and the US dollar is approximately 1 pound to 1.39 US dollars. This means that one pound is equivalent to 1.39 US dollars.
The exchange rate between the British pound and the US dollar is constantly fluctuating due to various economic and political factors. To determine the current exchange rate between the two currencies, you can use an online currency converter or consult financial news sources.
However, it's essential to keep in mind that exchange rates are subject to fluctuations and can change rapidly. The exchange rate can be influenced by various factors such as global events, interest rates, and government policies.
When converting large sums of money or engaging in international trade, it's crucial to monitor exchange rates regularly and consult with financial professionals to get the most favorable and accurate exchange rate.
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Discuss the implications of MODIGLIANI AND MILLER (M&M)
propositions I and II in a no- tax world. Then,
discuss MM propositions I and II after introducing
corporate taxation
Answers
Modigliani and Miller (M&M) Propositions I and II in a no-tax world have some implications. According to M&M, a company's worth or value depends solely on the net cash flow that it generates over time.
The source of financing does not matter, according to the first M&M proposition. The cost of capital for a company, according to the second M&M proposition, is determined by the company's investments and risk and not by the means used to finance it.
When corporate tax is introduced, it has significant effects on MM propositions I and II.MM Proposition I implies that the net cash flow received by the shareholders is not influenced by the firm's financial structure or capital structure. This means that, in the absence of tax, the value of the company should remain constant even if its debt-equity ratio changes.
In a world with taxes, however, the interest paid on debt is deductible, while dividends paid on equity are not. This means that firms with more debt are more tax-efficient than firms with more equity.MM Proposition II implies that the cost of equity is directly proportional to the company's leverage.
This indicates that in a no-tax world, the WACC is constant regardless of the company's debt-equity ratio. In the presence of tax, however, the WACC increases linearly as the company's debt-equity ratio rises. This means that the firm's value decreases as the cost of equity and WACC increases.
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How do you calculate budgeted fixed overhead per month if a
company is operating at 90% of its normal capacity
Answers
Fixed overhead refers to the costs that remain constant irrespective of the output of the company.
Budgeted fixed overhead per month can be calculated using the following formula: Budgeted Fixed Overhead = Total Fixed Overhead / Normal Capacity (units)If a company is operating at 90% of its normal capacity, then the budgeted fixed overhead per month can be calculated as follows: Budgeted Fixed Overhead = Total Fixed Overhead / Normal Capacity (units) * Actual Capacity (units) / Normal Capacity (units)Budgeted Fixed Overhead = Total Fixed Overhead * Actual Capacity (units) / Normal Capacity (units)2. 90% can be written as 0.9 Budgeted Fixed Overhead = Total Fixed Overhead * 0.9
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what is stakeholders
Answers
Answer:
A stakeholder is a party that has an interest in a company and can either affect or be affected by the business.
Hope this helped you!
Explanation:
1. Antitrust laws are designed to
Answers
Answer:
Antitrust laws are statutes developed by governments to protect consumers from predatory business practices and ensure fair competition. Antitrust laws are applied to a wide range of questionable business activities, including market allocation, bid rigging, price fixing, and monopolies
Explanation:
may i have brainliest please and thank you
Question 8 of 20 Which of the following reasons for writing a formal business document would lead you to write a proposal?
A. To tell your manager a project is on budget and on schedule
B. To summarize what happened during a meeting
C. To convince your manager to use a new meeting organization tool
D. To describe what tasks you completed during the week
Answers
Answer: i say A
Explanation:
Answer:
cc just did it
Explanation:
The before-tax cost of debt for a firm which has a 40 percent marginal tax rate is 12 percent. The after-tax cost of debt is.
Answers
Answer:
7.2 percent
Explanation:
In which year did gross national product first exceed $11 trillion?
a. 2002
b. 2003
c. 2004
d. 2005
Answers
Answer:
2003
Explanation:
Just took Quiz this was correct
In
, people invest money in a company in exchange for the company’s
.
Answers
Answer:
In equity crowdfunding, people invest money in a company in exchange for the company’s shares
Explanation:
Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.
Startups and early-stage companies use this method to raise capital.
please help
Why is engaging communication a two-way process?
Answers
Answer:
Two-way communication allows both participants to exchange ideas, they can develop a sense of mutual understanding. The result is a better relationship between them. Increase effectiveness
Effective communication depends on the proper understanding of the message by the sender and receiver.
Explanation:
Hope you can helpWhat does it mean to negotiate? Why do you think it is so uncommon for people in our culture to negotiate? Do you think you would be a good negotiator? Why or why not?
Answers
who here from K12? (sorry for asking this question)
Answers
Answer:
Explanation:
Answer:
Not I.
Explanation:
This is just constructive criticism, but I don't recommend listing your school here.
9. O O O O O O eBook Brandtly Industries Invests a large sum of money in R&D; as a result, it retains and reinvests all of its earnings. In other words, Brandtly does not pay any dividends, and it has no plans to pay dividends in the near future. A major pension fund is interested in purchasing Brandtly's stock. The pension fund manager has estimated Brandtly's free cash flows for the next 4 years as follows: $2 million, $6 million, $11 million, and $15 million. After the fourth year, free cash flow is projected to grow at a constant 3%. Brandtly's WACC is 11%, the market value of its debt and preferred stock totals $68 million, the firm has $12 million in nonoperating assets, and it has 10 million shares of common stock outstanding. a. What is the present value of the free cash flows projected during the next 4 years? Do not round intermediate calculations. Round your answer to the nearest dollar. Write out your answers completely. For example, 13 million should be entered as 13,000,000. $ b. What is the firm's horizon, or continuing, value? Round your answer to the nearest dollar. Write out your answers completely. For example, 13 million should be entered as 13,000,000. $ c. What is the market value of the company's operations? Do not round intermediate calculations. Round your answer to the nearest dollar. Write out your answers completely. For example, 13 million should be entered as 13,000,000. $ What is the firm's total market value today? Do not round intermediate calculations. Round your answer to the nearest dollar. Write out your answers completely. For example, 13 million should be entered as 13,000,000. $ d. What is an estimate of Brandtly's price per share? Do not round intermediate calculations. Round your answer to the nearest cent. $ B
Answers
a. To calculate the present value of the free cash flows projected for the next 4 years, we discount each cash flow using the firm's weighted average cost of capital (WACC) of 11%. The present values are as follows:
Year 1: PV = $2,000,000 / (1 + 0.11)^1 = $1,801,801
Year 2: PV = $6,000,000 / (1 + 0.11)^2 = $4,553,071
Year 3: PV = $11,000,000 / (1 + 0.11)^3 = $7,511,015
Year 4: PV = $15,000,000 / (1 + 0.11)^4 = $9,407,292
b. The firm's horizon, or continuing, value is the present value of the cash flows beyond the fourth year, which is expected to grow at a constant rate of 3%. We can calculate it using the formula: Horizon Value = Year 5 Cash Flow / (WACC - Growth Rate).
Year 5 Cash Flow = $15,000,000 * (1 + 0.03) = $15,450,000
Horizon Value = $15,450,000 / (0.11 - 0.03) = $193,125,000
c. The market value of the company's operations is the sum of the present values of the projected cash flows and the horizon value:
Market Value = $1,801,801 + $4,553,071 + $7,511,015 + $9,407,292 + $193,125,000 = $216,398,179
d. To calculate the estimate of Brandtly's price per share, we divide the total market value by the number of shares outstanding:
Price per Share = $216,398,179 / 10,000,000 = $21.64
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How much interest will an account earn if you deposited \( \$ 615 \) at the end of every six months for 10 years and the account earned \( 3.00 \% \) compounded semi-annually? Round to the nearest cen
Answers
A. The interest earned on the account can be calculated using the formula for compound interest.
B. The formula for compound interest is given by:
\[ A = P \left(1 + \frac{r}{n}\right)^{nt} - P \]
where:
- \( A \) is the final amount or balance in the account
- \( P \) is the principal amount or the initial deposit
- \( r \) is the interest rate (in decimal form)
- \( n \) is the number of compounding periods per year
- \( t \) is the number of years
In this case, the principal amount \( P \) is \$615, the interest rate \( r \) is 3.00% (or 0.03 in decimal form), the compounding periods per year \( n \) is 2 (since it is compounded semi-annually), and the number of years \( t \) is 10.
Substituting these values into the formula, we can calculate the final amount and then subtract the principal amount to find the interest earned.
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Why do so many people continue to use payday loans despite the
financial risk?
Answers
Answer:
As this would reduce the interest that they would be liable to pay after a period.
What is the term that refers to all aspects of business conduct: workplace issues, product and brand, corporate wrongdoing, professional ethics, and global business ethics.
A: Pressure
B: Ethics
C: Legalities
D: Principle
Answers
Caterer agrees with Bride to cater Bride's wedding reception for $12 per plate. On the wedding day, Caterer calls Bride saying that some things have come up, and she will have to charge $16 a plate in order to do the catering. Bride agrees. Which is true
Answers
The following graph presents the market for keyboards in 2016. Between 2016 and 2017, equilibrium quantity of keyboards remained constant, but the equilibrium price of keyboards increased. Given this information, you can conclude that between 2016 and 2017, the supply of keyboards ___ and the demand for keyboards ____.
Make changes to The graph to illustrate your answer by showing the positions of the supply and demand curves in 2017.
Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag get a little farther
Answers
Between 2016 and 2017, the supply of keyboards decreased and the demand for keyboards increased. This would result in an increase in the equilibrium price and a constant equilibrium quantity. The supply curve would shift leftwards and the demand curve would shift rightwards, both relative to the original positions in 2016.
What is equilibrium price?The term "equilibrium pricing" in economics refers to the price at which consumers' willingness and ability to buy an equal amount of an item or service as suppliers' willingness and ability to deliver that same amount. There is neither an excessive supply of goods nor an excessive demand, signalling a market in equilibrium where the forces of supply and demand are balanced. Since buyers and sellers may freely exchange goods and services at the equilibrium price, there are no market pressures to modify the price at that point. Up until a change occurs, such an increase or reduction in supply or demand, the market will continue in an equilibrium condition until it adjusts and finds a new equilibrium price.
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mom???????????????????????
Answers
mom ??????????????????????
Answer:
Go back to bed sweetie, here some fruit snacks now go to sleep.There are no monsters under your bed honey.
Explanation:
Have a great day.
Please help:) if possible:)
Answers
Answer:
c
Explanation:
Being "501(c)(3)" means that a particular nonprofit organization has been approved by the Internal Revenue Service as a tax-exempt, charitable organization.
state five Forest reserve in Ghana
Answers
Answer:
Akrabong, Obotoumfo, Abasumba, Ahirasu Nos one and two
e. when an online real-time (olrt) it processing system is in use, internal control can be strengthened by:
Answers
The separation of roles between data input and error handling procedures can increase internal control when an online real-time (OLRT) IT processing system is in use.
Who was the pioneer of the social audit in India?In India, social audits were first carried out in 1979 by Tata Iron and Steel Firm Limited (TISCO), a company located in Jamshedpur. Social auditing gained more significance following the 73rd Amendment.
What is a real-time online data processing method?Data is processed almost instantly using a technology called real-time processing. There is no waiting or pause involved in this process. These systems process data as soon as it enters, and the processed data is produced. Real-time processing is therefore frequently required.
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The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
Answers
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
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To ______ means to make a good faith purchase of goods similar to those in the contract. a. reform b. expect c. cover d. resolve.
Answers
To "cover" means to make a good faith purchase of goods similar to those in the contract.
Explanation: In the context of contracts and commercial law, the term "cover" refers to a remedy available to a buyer when the seller breaches the contract by failing to deliver the agreed-upon goods. When the buyer covers, they make a reasonable and good faith purchase of substitute goods in order to fulfill the contract. By covering, the buyer aims to minimize their damages and mitigate any losses caused by the seller's breach. The buyer may then seek damages from the seller for the difference between the cost of cover and the contract price. The concept of cover provides a practical solution for buyers to fulfill their obligations and protect their interests when faced with a breach of contract by the seller.
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