The revenue recognition for Surf Ltd's sale of surfboards to P Mart will occur over a three-month period, from February to April 2021, as the surfboards are delivered to P Mart. The journal entries will involve recording the revenue and recognizing the discount given to P Mart.
The revenue recognition for this transaction will follow the revenue recognition principle, which states that revenue should be recognized when it is earned and realized or realizable. In this case, revenue will be recognized as the surfboards are delivered to P Mart over the three-month period.
Journal entries:
1. On 1 January 2021, when P Mart places the order:
Accounts Receivable 13,500
Sales Revenue 13,500
(To record the order for 180 surfboards at $75 each)
2. On 1 February 2021, when Surf Ltd delivers 60 surfboards:
Accounts Receivable 4,500
Sales Revenue 4,500
(To record the delivery of 60 surfboards)
Repeat the same entry on 1 March 2021 and 1 April 2021 when the remaining 60 surfboards are delivered.
3. On 15 January 2021, when P Mart pays for the goods:
Cash 13,500
Accounts Receivable 13,500
(To record the cash payment for the surfboards)
It's important to note that the discount of 7% for wholesale customers purchasing more than 50 surfboards per month is not explicitly mentioned in the information provided. If the discount is applicable, it should be recognized as a reduction in sales revenue in the respective journal entries for each delivery.
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On a personal level, as you begin looking for a job after you graduate, it will be critical for you to know how to
A) market value
B) communicate value.
C) deliver value
D) forecast value
E) explain value
Answer:
B) communicate value.
Explanation:
Employees are a cost to employers. An employer will consider hiring a new employee if they are convinced that the benefits from the employee outweigh the costs.
A fresh graduate will have to convince a potential employer that they are worth being hired. The graduates need to communicate the value they shall add to the business. The ability to communicate one's value is critical for a successful job hunting mission.
Tottenham's Top-Four Finish at Arsenal's Expense Could Result in
Tottenham's Top-Four Finish at Arsenal's Expense Could Result in Trouble In North London Tottenham's potential top-four finish, which could deny Arsenal a spot in the Champions League, could create more than just bragging rights.
It could also result in long-term consequences for the Gunners.The first and most significant consequence would be a reduction in revenue. Finishing fifth rather than fourth would imply that Arsenal would be excluded from the UEFA Champions League, which will result in a loss of revenue from broadcasting and ticket sales. In the short term, this isn't a significant issue, but in the long term, it may result in the club's ability to purchase new players in the transfer market.
Tottenham finishing above Arsenal in the Premier League table for the second season in a row would be a significant embarrassment. The loss of bragging rights and the potential impact on the club's fan base could be significant. While both clubs have strong fan bases, a disappointing season for Arsenal might see fans switching sides to Tottenham. It would take years for Arsenal to recover from the lost supporters, which might have a significant impact on the club's finances.
The third impact of Tottenham finishing in the top four would be the impact on Arsenal's transfer targets. Most players desire to play in the Champions League, and without that opportunity, Arsenal might find it challenging to attract top-class players to their club. This will result in a decline in the quality of players available to the Gunners. In the short term, Arsenal will be able to sign some players, but in the long term, a lack of success in Europe could have a significant impact on the club's finances and quality of players.
Finally, there is a possibility that Arsenal will fire their manager, Arsene Wenger. A disappointing season for Arsenal might force the club to consider a new manager. If Wenger leaves, Arsenal's fortunes may change dramatically, but this is entirely speculative. Despite this, the pressure on Wenger to succeed in Europe will only increase if Tottenham finishes ahead of Arsenal in the Premier League table.
SummaryIn conclusion, Tottenham's top-four finish at Arsenal's expense could result in a reduction of revenue, a decline in the quality of players available to the Gunners, and the potential for long-term consequences for the club. These consequences could have a significant impact on Arsenal's finances, fan base, and ability to compete at the highest level.
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When the government deregulates a product or service, what happens?
The product or service is available to more people.
The product or service becomes cheaper.
Some government regulations over the industry are eliminated.
Government control over the industry is stopped.
When the government deregulates a product or service, it means that some government regulations over the industry are eliminated. Hence, the correct answer is Option 3.
What are the effects of Deregulation on Products and Services?This can lead to the product or service becoming cheaper and more available to people as there are fewer restrictions on how it can be produced and sold.
However, it also means that there is less government control over the industry, which can lead to potential issues such as monopolies or a lack of consumer protections.
Overall, deregulation can have both positive and negative effects on the industry and consumers.
Therefore, When the government deregulates a product or service, it means that some government regulations over the industry are eliminated
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Q2. Perform a financial analysis for a project using the format provided in Book (Figure 4-5).(page 164) Assume that the projected costs and benefits for this project are spread over four years as fol
To perform a financial analysis for a project, the financial costs and benefits must be determined. The format provided in Book (Figure 4-5) page 164 is used for this purpose.The financial analysis is used to evaluate a project's viability, which requires examining the project's costs and benefits.
The costs are subtracted from the benefits to determine the net benefit or cash flow. If the net benefit is positive, the project is likely to be profitable, whereas if it is negative, the project may not be profitable.The financial analysis for a project using the format provided in Book (Figure 4-5) page 164 is done as follows:
Step 1: Determine the present value of the initial investment.The initial investment refers to the amount of money required to start the project. It is essential to determine its present value since its payment is often made at the beginning of the project. The present value of the initial investment is the current value of future cash flows discounted at a specified rate of return.
Step 2: Determine the present value of the project's cash inflows.The present value of the cash inflows is the sum of the discounted future cash flows resulting from the project. These cash inflows must be discounted to reflect their current value.
Step 3: Determine the present value of the project's cash outflows.The present value of the cash outflows is the sum of the discounted future cash outflows resulting from the project. These cash outflows must be discounted to reflect their current value.
Step 4: Determine the net present value of the project.The net present value (NPV) of a project is calculated by subtracting the present value of the project's cash outflows from the present value of its cash inflows. If the NPV is positive, the project is expected to be profitable. If it is negative, the project is expected to be unprofitable.
Step 5: Calculate the project's internal rate of return.The internal rate of return (IRR) is the discount rate that equates the present value of the project's cash inflows with the present value of its cash outflows. It is a measure of the project's expected rate of return. If the IRR is greater than the project's required rate of return, the project is expected to be profitable. If it is less than the project's required rate of return, the project is expected to be unprofitable.
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Greyson construction has the following account balances at the end of the year. Accountsbalances equipment$19,000 accounts payable1,600 salaries expense26,000 common stock12,000 land11,000 notes payable13,000 service revenue32,000 cash4,600 retained earnings?
Retained Earnings = $19,000 (equipment) + $11,000 (land) + $32,000 (service revenue) + $4,600 (cash) - $1,600 (accounts payable) - $13,000 (notes payable) - $12,000 (common stock) - $26,000 (salaries expense). Retained Earnings = $14,000.
What are retained earnings?Retained earnings are the amount of a company's net income that is not given out as dividends to shareholders but is instead retained by the firm for reinvestment in the business. Retained profits are a significant source of funding for businesses looking to grow, expand, or invest in new ventures. The retained earnings balance develops over time as the firm generates profits and reinvests a part of those profits back into the business. Retained earnings can also be utilised to pay down debt, repurchase stock, or make other strategic investments. The amount of retained earnings a firm has may be viewed on the balance sheet in the equity section.
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What is quality management.
Answer:
Quality management ensures that an organization, product or service is consistent. It has four main components: quality planning, quality assurance, quality control and quality improvement. Quality management is focused not only on product and service quality, but also on the means to achieve it.
Planet Fitness locations are permitted to close on all of the following holidays EXCEPT:
Select one:
a. Christmas
b. Easter
c. New Years Day
d. Thanksgiving
Planet Fitness locations are permitted to close on all of the listed holidays except for New Year's Day. This means that Planet Fitness locations may close on Christmas, Easter, and Thanksgiving, but they must remain open on New Year's Day. Option C
This policy may vary slightly from location to location, and some clubs may choose to remain open on certain holidays, while others may close. However, in general, the policy is designed to balance the needs of members with the needs of employees, and to provide a consistent and predictable experience for customers.
By closing on certain holidays, Planet Fitness can also demonstrate its commitment to work-life balance and employee well-being, and can foster a positive company culture based on respect and appreciation.
In summary, Planet Fitness locations are permitted to close on Christmas, Easter, and Thanksgiving, but they must remain open on New Year's Day. This policy is designed to balance the needs of members and employees, and to foster a positive company culture. Option C
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I'd:4846539230
passcode Q9opl
or
fco-tthv-dvt
Answer:
I'm guessing for a zoom?
Explanation:
The Concord Corporation is highly dependent on having a sufficient supply of labor to staff its growing manufacturing operations Senior management is seeking a strategy that it can implement to prevent a labor shortage in the future. Their hope is that it will be a strategy that implemented gradually and cannot be easily undone so that it is sustainable. Which strategy should the company use in this situation?
overtime
temporary employees
technoligical innovation
outsourcing
retained transfers
By investing in technological innovation, the Concord Corporation can gradually implement a sustainable strategy to prevent a labor shortage in the future. This strategy can increase efficiency, productivity, and reduce the company's reliance on a large workforce.
The strategy that the Concord Corporation should use to prevent a labor shortage in the future is technological innovation. By investing in technology, the company can automate certain tasks and processes, reducing the need for a large workforce. This strategy can be implemented gradually by identifying areas where technology can be implemented and gradually integrating it into the manufacturing operations.
For example, the company can invest in robotics and automation systems that can perform repetitive tasks, increasing efficiency and productivity. This would allow the company to maintain its manufacturing operations without relying solely on human labor. Additionally, implementing technology can also improve the quality and accuracy of the manufacturing processes.
Technological innovation is a sustainable strategy because once the technology is implemented, it can continue to operate efficiently without the need for constant supervision and maintenance. This reduces the risk of a labor shortage in the future as the company becomes less reliant on a large workforce.
Other strategies, such as overtime or temporary employees, may provide short-term solutions to address a labor shortage but may not be sustainable in the long run. Outsourcing or retained transfers could also be potential strategies, but they may not address the issue of preventing a labor shortage within the company itself.
In conclusion, by investing in technological innovation, the Concord Corporation can gradually implement a sustainable strategy to prevent a labor shortage in the future. This strategy can increase efficiency, productivity, and reduce the company's reliance on a large workforce.
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A small network is more effective than a large network.
Please select the best answer from the choices provided
ОТ
OF
Answer:
is
Explanation:
A small network is more efficient than a huge network is a false claim.
What do you meant by Wide area network?A telecommunications network that covers a significant amount of ground is called a wide area network (WAN). Often, leased telecommunications circuits are used to construct wide area networks.
Wide area networks are used by businesses, as well as by institutions of higher learning and governmental organizations, to transmit information to personnel, pupils, clients, customers, and suppliers located all over the world. In short, this form of communication makes it possible for a company to efficiently perform its regular tasks wherever it is.
A WAN could be thought of as the Internet. Yet, a lot of WANs are private and were created for a single enterprise. Given that LANs are networks that are physically close together, WANs can be distinguished from them.
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Wang Co. manufactures and sells a single product that sells for $420 per unit; variable costs are $231. Annual fixed costs are $909,000. Current sales volume is $4,220,000. Compute the break-even point in units. o 3,935. o 4,810. o 2164. o 6,482. o 874.
The break-even point in units for Wang Co., given its current sales volume, is 4,810.
The break-even point can be calculated using the following formula:
Break-even point (in units) = Total Fixed Costs / (Selling Price per Unit - Variable Cost per Unit)
Given the information in the question, we know:
Selling Price per Unit = $420
Variable Cost per Unit = $231
Total Fixed Costs = $909,000
Now, let's plug these values into the formula:
Break-even point (in units) = $909,000 / ($420 - $231)
Break-even point (in units) = $909,000 / $189
Break-even point (in units) = 4,810
So, the break-even point for Wang Co., given its current sales volume, fixed costs, and variable costs, is 4,810 units.
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personal selling to marketing channel members indicates a FITB strategy. multiple choice pull positioning pricing push test-marketing
Personal selling to marketing channel members indicates a push-pull strategy.
What is the push-pull strategy?
The goal of the push and pull distribution approach is to target your marketing campaign. Customers may draw the product through the retail chain towards them or the product may be pushed in their direction. For instance, the Texas-based textile manufacturer Cotton Incorporated employs a push/pull marketing approach. They continually produce new items, put them on the market, and draw buyers in with promotions and advertising in an effort to generate demand from the public. A push system starts production in anticipation of future demand, whereas a pull system starts production in response to the current need. A push system starts production regardless of needs, whereas a pull system is triggered by actual demands for finished goods.
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Which type of people are most likely to feel confident in their ability to succeed in tasks that they have set out to accomplish?.
According to Bandura's theory, people with high self-efficacy—that is, those who believe they can perform well—are more likely to view difficult tasks as something to be mastered rather than something to be avoided.
Albert Bandura's social learning theory suggests that observation and modeling play a major role in how and why people learn. Bandura's theory goes beyond the recognition that learning is the result of direct experience with the environment.
Observational learning is an important part of Bandura's theory of social learning. He also emphasized that observing and modeling any form of behavior requires four conditions: attention, retention, breeding, and motivation. Bandura's social learning theory examines how behavior is imitated by others, especially children. The importance of social learning theory can reveal new teaching methods. This helps explain how children imitate behaviors and identify and implement this hands-on learning strategy.Learn more about Bandura's theory here: https://brainly.com/question/9311395
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explain cross elasticity of demand for unrelated goods
Answer:
The cross elasticity of demand for substitute goods is always positive because the demand for one good increases when the price for the substitute good increases. ... Items with a coefficient of 0 are unrelated items and are goods independent of each other.
Human relations is concerned with all of the following except: A) employee motivation. B) the needs of employees. C) sales.
Human relations is concerned with all of the following except sales. The correct option is C.
Human relations refer to the study of people's behavior in a group and their interactions with one another. It is an essential topic of organizational behavior that focuses on creating and maintaining good relationships among employees.
Human relations are concerned with all the factors that affect employee relationships and employee satisfaction. It includes understanding employees’ needs, feelings, and motivations, developing trust, respect, and communication among the workforce.Human relations deal with the psychological aspects of the employees, creating an environment that motivates them to do their best, and helping them achieve their personal and professional goals.
This is done by identifying the needs of the employees and aligning them with the organizational objectives.Employee motivation is the process of energizing, directing, and sustaining employees' behavior towards the accomplishment of organizational goals. It is a process that influences employees to work hard and efficiently in achieving their goals. Employee motivation is achieved through various factors such as financial incentives, recognition, and employee satisfaction.Employee motivation is one of the factors that human relations deal with. Human relations experts help managers and organizations identify ways to motivate their employees, improve their work conditions, and improve their productivity.What are the needs of employees?The needs of employees refer to the essential needs that employees require in their work environment.
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Which statement best defines the term deductible? it is money a consumer receives after experiencing a loss. it is the amount a consumer pays before the insurance will start paying. it is money paid by a consumer to share the pool cost of a payout. it is a fee paid to an insurance company to purchase coverage.
Answer:
the answer is B
Explanation:
heheehehehe
The statement best defines the term deductible is that it is the amount a consumer pays before the insurance will start paying. Thus, option B is correct.
What is insurance?Renter’s insurance is a policy which covers the loss of people renting or subletting a property. It helps to protect against loss of properties within the insured apartment. The physical health and having a routine medical checkups can be described as the act of been fit and been healthy which can be seen as routine that involves engaging oneself in in physical activities such as jogging, running so as to improve the physical and mental look of the individuals.
It should be noted that the act of physical health involves the process of eating a good healthy diet so that it can improve the overall health of the body.
When the process of the physical health and having a routine medical checkups is been put on the check then it will reduce the premium that will be needed to maintain the process of the insurance incase there is a need for this.
Therefore, The statement best defines the term deductible is that it is the amount a consumer pays before the insurance will start paying. Thus, option B is correct.
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Felix opens a credit card with no annual fee, so he assumes that using the credit card regularly will be absolutely free for the next two years while he finishes grad school. Why is his assumption incorrect?.
If Felix opens a credit card with no annual fee, so he assumes that using the credit card regularly will be absolutely free for the next two years while he finishes grad school. His assumption is incorrect: A. Unless he pays the whole bill every month, he will pay interest according to his APR.
What is credit card?Credit card can be defined as the card that is issued by credit card merchant to borrower, and this card enables them to buy goods on credit in which they are expected to pay back the amount used to buy the goods and services.
Felix assumption is not correct as using a credit card regularly does not guarantee that the credit will be free unless he pays all the bill each month, he will have to pay the interest based on his annual percentage rate.
Therefore the correct option is A.
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The complete question is:
Felix opens a credit card with no annual fee, so he assumes that using the credit card regularly will be absolutely free for the next two years while he finishes grad school. Why is his assumption incorrect?.
a. Unless he pays the whole bill every month, he will pay interest according to his APR
b. He will automatically pay penalty fees if he uses his credit card for more than 3 consecutive months
c. If his grace period is any longer than 10 days, he will have to pay fees
d. He will need to pay a separate student fee because he still is in grad school
Betsy owned a speedboat that was not operating correctly. She hired Gail, a mechanic, to determine what needed to be repaired or replaced on the boat. Gail concluded that the boat needed over $5,000 of work to run safely. Upset by the news, Betsy decided to get a second opinion from Kathy, another mechanic. Kathy advised Betsy that the boat only needed a new fuel pump, which cost considerably less than $5,000. Betsy decides to sell her boat instead of repairing it. When a prospective buyer asks Betsy whether the boat has been inspected by a mechanic, she will:_________.
Answer:
Betsy should simply tell the truth: that the boat was actually inspected by two mechanics, but not only it was not repaired, but both mechanics had a very different diagnosis about what was wrong with the boat.
She should also warn the buyer that the boat likely needs at least a new fuel pump, and in case the diagnostic of the first mechanic (Gail) is true, the boat then would likely need an expensive repair.
true or false: a systems integrator is a company that specializes in installing and supporting information systems.
A systems integrator is a company that specializes in installing and supporting information systems is a true statement.
What is Information?Information is a general term for everything with the capacity to inform. Information is most fundamentally concerned with the interpretation of what may be sensed.
A systems integrator is a person or business that specializes in system integration, which is the discipline of combining component subsystems into a whole and ensuring that those subsystems work together. They also address issues with automation.
Therefore, The statement is true. A systems integrator is a company that specializes in installing and supporting information systems.
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4. There are two goods, X and Y. The absolute price of X rises and the
absolute price of Y does not change. Prove that the relative price of X rises in
terms of Y.
When the absolute price of x increases while keeping the cost of y constant, the relative cost also increases.
What does absolute price mean?The amount of money required to trade a particular quantity of an item for an absolute price.
Let the absolute price of x be 2 and that of y be 4 ,now let the price of y remains unchanged and that of x rises to 4, relative price means the price of one good with respect to the other, so in the first case relative price x/y =2/4 = 0.5
Now as it rises to 4,
new relative price =4/4 =1
1>0.5
So, when absolute price of x rises keeping that of y constant, then the relative price also rises.
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Registered Representatives would be liable for damages in the use of material, non-public information in all of the following situations except: (A) The representative decides not to share the information and does not trade based on the information (B) The representative decides not to share the information with others but does make trades in his personal only (C) The representative trades using the information after notifying officers of the firm (D) The representative decides not to trade using the information but shares the information with others who do use the information for trading purposes.
Answer: (A) The representative decides not to share the information and does not trade based on the information.
Explanation:
The use of material, non-public information in securities trade is called insider trading and creates an unfair advantage and so is illegal under any circumstances and considered a violation of the Insider and Trading Fraud Enforcement Act of 1988.
A Registered Representative would therefore only be liable for no damages if they never trade on material, non-public information because if they are found to, regardless of the reason, they will incur damages.
when there is an unrealized loss on trading debt investments, the ________ will decrease.
When there is an unrealized loss on trading debt investments, the fair value of the debt investments will decrease.An unrealized loss is a loss that occurs on paper when an asset's current market price is lower than its initial purchase price, but the asset hasn't been sold yet.
When there is an unrealized loss on trading debt investments, the fair value of the debt investments will decrease. An unrealized loss is a loss that occurs on paper when an asset's current market price is lower than its initial purchase price, but the asset hasn't been sold yet. Trading debt investments are financial assets that the investor plans to sell within a short time frame, usually less than a year. These investments are recognized as current assets on the investor's balance sheet, and any gains or losses resulting from their fluctuations in value are recorded in the investor's income statement.In the case of unrealized losses on trading debt investments, the fair value of the investments will decrease. The fair value of an asset is the price that the asset would fetch in an open and active market, in contrast to its book value, which is its value according to accounting records. A decrease in the fair value of an asset will result in a lower value for the asset on the investor's balance sheet, and hence, a decrease in the investor's equity.
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How should the headings of a resume be formatted so that they are clear and easy to find?
a. bold and italicized
b. capitalized and bold
c. underlined and italicized
d. capitalized and underlined
Answer:
B. capitalized and bold
Explanation:
Please mark my answer as the Brainiest!!!
Got it correct on Edge.
Why would a business prefer to keep an invention secret instead of applying for a patent
1: List three policy making groups of the Federal Reserve?
2: which banks are members of the fed?
3: the fed is owned by?
Answer:1- the board of governors, the federal reserve bank also know
as ( Reserve bank), And the federal open market committee
2- Approximately 38 percent of the 8,039 commercial banks in the United States are members of the Federal Reserve System.
3- The Federal Reserve System is not "owned" by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation's central bank.
Explanation:
idk answer might Be wrong
In which of the following situations will an individual's purchasing power be unaffected? options:
All absolute prices fall by 15%, and money income falls by 15%.
All relative prices remain constant, and money income rises by 15%.
All relative prices rise by 15%, and money income falls by 15%.
All absolute prices remain constant, and money income falls by 15%. All relative prices fall by 15%, and money income falls by 15%.
The situation in which an individual's purchasing power would be unaffected is: All relative prices remain constant, and money income rises by 15%. Option B is the correct answer.
When relative prices remain constant, it means that the prices of goods and services in relation to each other do not change. If the individual's money income rises by 15%, it means they have more purchasing power because they have more money to spend.
The relative prices remaining constant ensures that the purchasing power gained due to the increase in money income is not offset by price increases.
Therefore, the situation in which an individual's purchasing power would be unaffected is when all relative prices remain constant, and money income rises by 15%. Option B is the correct answer.
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Completing a(n ____ will help you identify things you are interested in
- aptitude test
- interest inventory
- personality survey
- skills assessment
Completing a interest inventory will help you identify things you are interested in. Therefore the correct option is option B.
Interest inventories are evaluations or examinations that assist people in identifying their passions, interests, and preferences. These usually take the form of a series of questions or statements that request respondents to rate their level of interest in various pursuits or subjects. An interest inventory's findings can guide people in choosing careers, pastimes, or educational paths that fit with their passions and interests.
An individual's capacity to learn or do a certain activity is measured by an aptitude test, whereas their characteristics, actions, and attitudes are evaluated by a personality survey. An evaluation of a person's skills or knowledge identifies their level of competence. Therefore the correct option is option B.
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The Greek government decides to introduce new austerity measures, which reduce government direct spending by $16 billion. Greece has a marginal propensity to consume of 0.6. What will be the final change in real GDP as a result of this decreased spending? Please give your answer as a whole number in billions of dollars.
Answer:
-$40 billion
Explanation:
Given that
Reduction in government spending = $16 billion
Marginal propensity to consume = 0.6
Change in spending = $16 billion
Based on the above information
As we know that
Multiplier = 1 ÷ (1 - MPC)
= 1 ÷ (1 - 0.06)
= 1 ÷ 0.4
= 2.5
Now
The final change in real GDP is
= Multiplier × Change in spending
= 2.5 × -$16 billion
= -$40 billion
moon and sons inc. earned $175 million last year and retained $145 million. what is the payout ratio?
The payout ratio for Moon and Sons Inc. is 17.14%. for earning $175 million last year and retained $145 million.
Money earned = $175 million
Money retained = $145 million
The payout ratio is calculated by dividing the number of dividends paid by the total earnings. It is the ratio of a company's profits that are paid to clients in the form of shares.
Dividends = Money Earned - Retained earnings
Dividends = $175 million - $145 million
Dividends = $30 million
Payout ratio = Dividends / Earnings
Payout ratio = $30 million / $175 million
Payout ratio = 17.14%
Therefore, we can conclude that the payout ratio for Moon and Sons Inc. is 17.14%.
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After a basketball tournament, nine of the team members go out to The Cheesecake Factory to celebrate your winning with a victory dinner. You all order dinner plus some people get dessert. When the check comes the waiters says it all has to be one ticket. What is the best option for this payment scenario?
The best option for this payment scenario is through credit card, a person may initially pay the whole amount while the rest of the team members can transfer their amount of dinner to the person who made the payment at the restaurant through P2P.
What is Credit Card?Credit card is the card that is issued by a bank and the card holder can avail the cash limit provided to him/her, without having an actual amount in the account. The credit card can be used for shopping and more and the bill for the credit card is generated at the end of the month and the payment by card holder is made, if the card holder delays the payment an interest is charged on the rate.
At the cheesecake Factory the payment can be made through a credit card and the other team members may transfer the amount to the person who makes the payment at restaurant with a credit card.
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