The retailer Persistent Corp. has budgeted its activity for June according to the following information: Sales at $650,000, all for cash. Merchandise inventory on May 31 was $250,000. The cash balance at June 1 was $25,000. Selling and administrative expenses are budgeted at $60,000 for June and are paid in cash. Budgeted depreciation expense (not part of selling and administrative expenses) for June is $35,000. The planned merchandise inventory on June 30 is $270,000. The cost of goods sold is 75% of the sales price. All purchases are paid for in cash. There is no interest expense or income tax expense. The budgeted cash disbursements for June are:
Answers
To calculate the budgeted cash disbursements for June, we'll consider the following factors: cost of goods sold, merchandise inventory, selling and administrative expenses, and depreciation expense. Here is a step-by-step explanation:
1. Calculate the cost of goods sold (COGS): Sales × COGS percentage
$650,000 × 75% = $487,500
2. Calculate the required purchases for June: (Ending merchandise inventory - Beginning merchandise inventory) + COGS
($270,000 - $250,000) + $487,500 = $20,000 + $487,500 = $507,500
3. Determine cash payments for purchases: Since all purchases are paid in cash, this amount is equal to the required purchases for June.
Cash payments for purchases = $507,500
4. Calculate total cash disbursements: Add cash payments for purchases, selling and administrative expenses, and depreciation expense.
$507,500 (purchases) + $60,000 (selling and administrative expenses) + $35,000 (depreciation expense) = $602,500
So, the budgeted cash disbursements for June are $602,500.
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Related Questions
plss someone give me a 3 examples of business objectives with timeframe (our product is reselling the shoes) plss i need it
Answers
Answer:
campaign
store
fundraising
all great examples of buisness objective
how can community participation benefits south african ?
Answers
Answer:
Participa- tory or community-driven development is advocated on the basis that, among other advantages, it can reduce information problems for development planners and beneficiaries, increase the resources available to poor people
What is the purpose of the Visual Basic for Applications feature?
O It allows users to create and edit macros.
It allows users to create templates for letters.
It allows users to check for errors in applications.
It allows users to fix any misspelled words quickly.
Answers
Answer:
A
Explanation:
it allows users to create and edit macros edge 2021
Purchased goods on credit Rs. 2,000 from hari at 10% trade discount
Answers
Answer:
SHE / HE HAS PURCHASED GOOD = 2000
CREDIT CARD
DISCOUNT = 10 %
\( \frac{10}{100} \times 2000 \: = \frac{10 \times 20}{1} = 200\)
DISCOUNT YOU GOT IS 200
The impact of Furman v. Georgia (1972) was that states had to
promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.
Answers
Answer: D.create clear standards to be applied fairly before imposing the death penalty.
Explanation: The answer it's right there
The impact of Furman v. Georgia (1972) was that states had to
create clear standards to be applied fairly before imposing the death penalty.The Furman v. Georgia caseThis was a case that had to do with the cruel and the unusual way that people faced in the death penalty.
The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.
It ruled that the eight amendment was being violated if used in this way.
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Can someone please help me!
Answers
Answer:
The awnser is the Nature of Business
Answer:
nature of business that's
Consider the following items on a commercial bank's balance sheet.
An auto loan to an individual is an ASSET to a commercial bank.
Funds borrowed from a credit union in the federal funds market is a LIABILITY to a commercial bank.
A customer's savings deposit is a LIABILITY to a commercial bank.
The bank's required reserve is an ASSET to a commercial bank.
Answers
In a commercial bank's balance sheet, an auto loan to an individual is classified as an asset, while funds borrowed from a credit union in the federal funds market are considered a liability. Similarly, a customer's savings deposit is a liability, while the bank's required reserve is an asset.
An Auto loan provided by a commercial bank to an individual is categorized as an asset. This is because the bank expects to receive regular payments and interest over the loan term, generating income for the bank. The auto loan represents a financial claim that the bank holds, which has a positive value and contributes to the bank's overall asset base. On the other hand, funds borrowed from a credit union in the federal funds market are considered a liability for the commercial bank. These borrowed funds represent an obligation for the bank to repay the credit union, typically with interest. Thus, it is recorded as a liability on the bank's balance sheet. A customer's savings deposit, such as a regular savings account, is also classified as a liability for the commercial bank. The bank holds these funds on behalf of the customer, and the customer has the right to withdraw the deposited amount. The bank is obligated to repay the customer upon request, making it a liability. Lastly, the bank's required reserve, which refers to the portion of customer deposits that must be held in reserve by the bank as mandated by regulatory requirements, is considered an asset. Although the bank cannot freely use these reserves, they are still recorded as an asset because they represent funds held by the bank, albeit with certain limitations on their usage.
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A context diagram of the Cargo Shipping Process from the perspective of the CArgo Section at CaribAir
Answers
The context diagram provides a high-level view of the cargo shipping process and the interactions between the Cargo department at CaribAir and its external entities. It helps to ensure that all stakeholders are accounted for and that the system operates effectively and efficiently to meet the needs of its customers.
A context diagram is a high-level view of a system that shows its interactions with external entities. In the context of the cargo shipping process from the perspective of the Cargo department at CaribAir, the context diagram would illustrate the external entities that interact with the department, including customers, shipping agents, freight forwarders, and other stakeholders.
The Cargo department at CaribAir is responsible for managing the shipment of goods via air transport. This involves receiving and processing orders from customers, coordinating with shipping agents and freight forwarders, preparing cargo for transport, and ensuring that it is delivered to its destination safely and on time.
The context diagram would show the external entities that interact with the Cargo department at CaribAir, including customers who place orders, shipping agents who provide information on cargo availability and transportation options, freight forwarders who coordinate the shipment of goods, and other stakeholders such as customs authorities and regulatory bodies.
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Complete question:
Describe the context diagram of the cargo shipping process from the perspective of the CArgo department at CaribAir and understand what CArgo is
What is the best definition of technology?
Technology is replacing human workers with mechanical or electronic devices.
Technology is applying scientific knowledge to find answers and fix problems.
Technology is using fewer resources to manufacture goods more efficiently.
Technology is hiring workers from all over the world to manufacture goods.
Answers
Answer:
technology is applying scientific knowledge to find answers and fix problems.
Explanation:
thats what i think. sorry if its wrong
Answer:
EDG: A-Technology is applying scientific knowledge to find answers and fix problems.
Explanation:
Hockley Brewing has produced a new craft lager beer that will be branded Hockley Classic Lager. The market for craft beer is about $20 million retail per year and the average retail price across all craft beer producers is $2. 50. The following information applies to Hockley’s new craft lager beer.
Factory production costs $1. 05 / can (Variable Cost)
Beer ingredients $0. 35 / can (Variable Cost)
Packaging $0. 20 / can (Variable Cost)
Advertising and promotion $60,000 (Fixed Cost)
Channel listing fees $30,000 (Fixed Cost)
Hockley’s wholesale price to retailers $2. 40 / can (Variable Cost)
(Hockley’s) manufacturer’s suggested retail price $2. 55 / can (Variable Cost)
a. What is Hockley’s unit contribution (measured in $ per can) and contribution margin (measured in percentage)?
b. What is the break-even point in cans? in dollars?
c. What is the necessary sales volume in cans to achieve a $150,000 (target) profit?
d. What will Hockley’s net profit be if 100,000 cans of the new lager are sold?
e. What will Hockley’s market share of craft beer be if they sell 100,000 cans?
f. Their largest competitor is Mill Street Brewery whose Original Organic Lager has 2. 5% market share of the craft beer market. Given Hockley’s market share calculated in part (e), what will Hockley’s relative market share (RMS) be for their Classic Lager?
g. The craft beer market is growing at 10% annually, higher than any other type of beer. With the RMS for Hockley Classic Lager calculated in part
(f), at the end of their first year, where in Hockley’s portfolio will Classic Lager be positioned and what recommendation would follow?
h. Calculate the price elasticity of demand if they raise the MSRP from $2. 55 to $2. 75 and demand falls from 100,000 cans to 95,000 cans. Is demand for this product price elastic or inelastic?
Answers
Hockley's unit contribution is $0.50 per can with a contribution margin of 19.6%. The break-even point is 180,000 cans or $432,000, and a sales volume of 480,000 cans is needed to achieve a target profit of $150,000.
a. Hockley's unit contribution is $0.50 per can ($2.55 - $2.05), and the contribution margin is 19.6% (($0.50 / $2.55) x 100).
b. The break-even point in cans can be calculated by dividing the total fixed costs ($60,000 + $30,000) by the contribution per can ($0.50). The break-even point is 180,000 cans. In dollars, the break-even point is $432,000 (180,000 cans x $2.40).
c. To achieve a target profit of $150,000, we need to calculate the necessary sales volume in cans. The formula is (Total Fixed Costs + Target Profit) / Contribution per can. Using the given numbers, the necessary sales volume is 480,000 cans.
d. If 100,000 cans of the new lager are sold, the net profit can be calculated as (Unit contribution x Sales volume) - Total Fixed Costs. With the given numbers, the net profit would be $10,000.
e. If Hockley sells 100,000 cans, their market share of craft beer can be calculated as (Sales volume / Total market size) x 100%. With a $20 million market size, their market share would be 0.5%.
f. Hockley's relative market share (RMS) for their Classic Lager can be calculated by dividing their market share by Mill Street Brewery's market share and multiplying by 100. With Hockley's market share of 0.5% and Mill Street Brewery's market share of 2.5%, Hockley's RMS would be 20%.
g. With an RMS of 20% for their Classic Lager, Hockley would be positioned as a significant player in the craft beer market. The recommendation would be to continue investing in and promoting the Classic Lager to further increase its market share.
h. The price elasticity of demand can be calculated using the formula: Percentage change in quantity demanded / Percentage change in price. In this case, the percentage change in quantity demanded is ((100,000 - 95,000) / 100,000) x 100% = 5%, and the percentage change in price is (($2.75 - $2.55) / $2.55) x 100% = 7.8%. Therefore, the price elasticity of demand is 0.64 (5% / 7.8%). With a price elasticity of less than 1, demand for this product is price inelastic, meaning that a price increase led to a proportionally smaller decrease in quantity demanded.
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Jesse got a job at a fitness center. He thought his first paycheck would be $200 for working 20 hours at $10 an hour. Instead, the paycheck was for $180. Which was most likely taken from his check?
A.) taxes
B.) interest
C.) profit
D.) dividends
Answers
Answer:
Taxes
Explanation:
The answer to the question is taxes.
Answer:
Hey there! It sounds like Jesse got a job at a fitness center and was expecting his first paycheck to be for $200, but it ended up being for $180 instead. That's a bummer!
Paychecks often have various deductions taken out, like taxes, insurance premiums, and retirement contributions. It's possible that some or all of these deductions were taken out of Jesse's paycheck, which is why it was for less than he expected.
Taxes are a common deduction from paychecks, so it's likely that some taxes were taken out. But don't worry, this is just part of the process of getting paid and is completely normal.
It's probably not interest, profit, or dividends, since those things are usually associated with investments or financial products, not employment.
According to conflict theory, how does the nuclear family facilitate exploitation? OA) through a sexual division of labor within the home OB) by making geographic mobility possible C) through the use of nannies and domestic workers
Answers
According to conflict theory, the nuclear family facilitates exploitation through the sexual division of labor within the home.
According to conflict theory, the nuclear family, which consists of a heterosexual couple and their dependent children, is seen as a social institution that perpetuates social inequalities and facilitates exploitation. One way in which this occurs is through the sexual division of labor within the home.
In the nuclear family, traditional gender roles often assign women the responsibility of performing unpaid domestic labor, such as housework, childcare, and emotional labor. This division of labor creates a power dynamic where women are primarily responsible for the care and maintenance of the family, while men are expected to be the primary earners and have more control over economic resources.
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Joyce works for kappa services corporation as an independent contractor, and not as an employee, if:_____.
Answers
Joyce works for kappa services corporation as an independent contractor, and not as an employee, if Kappa does not control Joyce's work.
According to the general rule, a person is considered to be an independent contractor if the party paying for their services has the authority to direct or control only the final product of their job, rather than the process of doing it.
You are considered self-employed if you work as an independent contractor. A person who works as an independent contractor must pay self-employment tax on their income. Visit the Self-Employed Individuals Tax Center to learn more about your tax requirements.
If your work may be controlled by your employer, you are not an independent contractor (what will be done and how it will be done). Even if you have complete freedom of movement, this still holds true. The legal authority of the employer to direct all aspects of the services' performance is what matters.
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his lesson starts on time (change into negative)
Answers
Answer:
His lesson started late
Explanation:
plssss help
what is india’s comparative advantage in global competition?
a. low cost labor
b. access to natural resources
c. production of agricultural commodities
d. open land for building growth
e. innovation and expertise in manufacturing
Answers
India's comparative advantage in the global competition will be "Low-cost labor".
Over the past couple of years, India however has preserved significant competitive advantages throughout the production of medicines as well as a variety of tradeable commodity manufactured goods.Despite the reality that the requirements for becoming a distribution center continuously improving, certain manufacturing investments are expected to somehow be untouched by technology.
Thus the above answer i.e., "option a" is the right answer.
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If a country did not participate in international trade, Group of answer choices it's production possibilities frontier is also its consumption possibilities frontier. interdependence is greater than would be the case with trade. it is better off because it will have to learn to be self-sufficient without trade. it can still benefit from international specialization.
Answers
Answer:
it's production possibilities frontier is also its consumption possibilities frontier
Explanation:
The production possibilities frontier shows the various combinations for the two goods an economy can produce when all its resources are fully employed.
The consumption possibility frontier, is the budget constraint where participants in international trade can consume. When a country doesn't participate in trade, it is this constraint identical to the the production–possibility frontier
Review the following sources and decide if they are reliable and relevant.
two books from a bookstore or library
a newspaper article in the business section
news or a program on TV
the following Web sites:
CNN Business
Fidelity Investments
Investing for Beginners
Answers
Answer:
CNN business is left wing( which means it will tilt the info to fit the party)
Try using something neutral
Monopolistic competition is a market condition with which major feature
Answers
Answer:
O C. Different businesses compete to sell similar products.
Explanation:
Here are the options :
A. Many businesses freely produce the same product.
O B. Only one business controls an entire industry.
O C. Different businesses compete to sell similar products.
O D. A few huge businesses control an industry.
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
Monopolistic competitive firms engage in advertising for their products
An example of monopolistic competition are restaurants
Answer:
A is correct
Explanation:
different businesses compete to sell similar products
What is the informal economy? how many people in the world's economy work in "system d"? what are some of the advantages of the informal economy? what are some of the disadvantages of the informal economy? does the united states have an informal economy? why or why not?
Answers
Answer:
Depending where you look for information, informal economy can cover a lot of different jobs and industries. The informal economy doesn't pay taxes and it is excluded in the gross domestic product. Some organizations include other industries under the informal economy, specially those that are not regulated or adequately controlled by the government. This includes many people who are self-employed or even employees that perform unprotected jobs. E.g. companies that hire poor or illegal immigrant workers and pay them on a daily basis.
According to the International Labor Organization, more than 61% of the world's population works under informal economies.
Some advantages of informal economies are:
higher income resulting from not paying taxes (even on a personal level, if you are able to work and earn a living but do not pay taxes, your personal net income will be higher than if you actually paid taxes). a lot of people are part of it, that means large scale employment.Informal economies tend to have serious disadvantages because the most powerful tend to abuse form the least powerful:
child labor or even forced labor unprotected jobs, e.g. no social security, no health care benefits, no safety at work, etc.Approximately 11-12% of the US economy is considered informal, and that represents almost $2.5 trillion per year. Some normal activities are included in the informal economy although we never think about them as being out of the system, e.g. babysitting, landscaping and cleaning services, etc. Other informal activities are more obvious, e.g. prostitution, drug dealing, theft, etc.
T/F? Given an optimistic economic and stock-market outlook for a country, the investor should underweight the allocation to this country in his/her portfolio.
Answers
The given statement “Given an optimistic economic and stock-market outlook for a country, the investor should underweight the allocation to this country in his/her portfolio” is false.
An optimistic economic and stock-market outlook for a country would typically indicate positive expectations for the country's economy and stock market performance, which could potentially lead to higher returns on investment
In such a scenario, an investor may consider overweighting, rather than underweighting, the allocation to this country in their portfolio. Overweighting means allocating a higher percentage of the portfolio to a particular investment or asset class compared to its benchmark or target allocation.
However, it's important to note that investment decisions should be based on a comprehensive analysis of various factors, including the investor's financial goals, risk tolerance, and diversification strategy, rather than solely relying on economic and stock market outlooks.
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When businesses sponsor
community events they are largely
fulfilling their
responsibility to:
Answers
When businesses sponsor community events they are largely fulfilling their responsibility in order to grow their customer base through the promotional benefits of the event.
A community event is an event which is based on the public property, and either has attendees over 50, or blocks or reserves which have access to public passages or the right of way. So, such events have direct and indirect impacts on communities.
These events tend to provide opportunities for skills development, participation, volunteering and social, cultural economic and environmental developments. Thus, this way they also grow their customer base through the promotional benefits.
Hence, such community events also attract the tourists.
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An agent's client calls on Monday to discuss the current market situation. They discuss how 100 shares of KAPCO common stock would be an appropriate addition to the client's portfolio. On Thursday, the client calls and tells the agent to place an order for the KAPCO stock at whatever price the agent feels is best. The agent waits until Friday, purchasing the stock at a price $2 per share below Thursday's low. In this case the agent acted A) improperly; the order should have been placed on Thursday B) properly because the agent used discretion as to price and time C) improperly; the order cannot be placed without prior written authorization allowing discretion D) properly because the agent saved the client money
Answers
Answer:
A) improperly; the order should have been placed on Thursday
Explanation:
An agent is someone that is contracted by a client to effectively manage his business interest and also to follow client instruction on time in order to make profit for the client.
In the given scenario the agent received instructions to place an order for the KAPCO stock at whatever price the agent feels is best.
Since they had initially discussed the suitability of the KAPCO stock before now, the agent should have placed the order immediately.
However his delay till Friday resulted in a loss of $2 per share below Thursday's low.
The agent acted improperly.
Walter opens a motorcycle repair shop where he will not only repair motorcycles, but will also offer custom paint jobs, accessories and some t-shirts. When Walter opened his business, his primary objective was to:
Answers
Machine has three speed settings, low medium fast the low setting produces 110 units with a 90% quality rating the medium setting produces 120 units with an 80% quality rating in the fast setting produces 140 units with a 70% quality rating if each unit sells for $20 what shutting makes the company the most money in sales win percentage not meeting quality standards cannot be sold
Answers
The low setting makes the company the most money in sales, with a total revenue of $1980
To determine which setting makes the company the most money, we need to calculate the total revenue generated by each setting while taking into account the quality rating. For the low setting, the company produces 110 units with a 90% quality rating, which means that 10% of the units are not sellable. So, the total number of sellable units is 110 x 0.9 = 99 units. The revenue generated from selling these units is 99 x $20 = $1980. For the medium setting, the company produces 120 units with an 80% quality rating, which means that 20% of the units are not sellable. So, the total number of sellable units is 120 x 0.8 = 96 units. The revenue generated from selling these units is 96 x $20 = $1920.
For the fast setting, the company produces 140 units with a 70% quality rating, which means that 30% of the units are not sellable. So, the total number of sellable units is 140 x 0.7 = 98 units. The revenue generated from selling these units is 98 x $20 = $1960.
Therefore, the low setting makes the company the most money in sales, with a total revenue of $1980
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2) Explain using welfare measures whether consumers prefer a single price monopoly or a perfectly price discriminating monopoly.
Answers
Welfare measures refer to measures used by the government to evaluate social welfare. Welfare measures could include consumer surplus, producer surplus, deadweight loss, and total surplus.A single-price monopoly is a market in which a single firm controls the entire market and sells at a single price.
A perfect price-discriminating monopoly is a market in which a single firm controls the entire market and charges different prices to different customers based on their willingness to pay. The price for each customer is equal to their marginal benefit.
Considering consumer surplus, a single-price monopoly will produce less of the good compared to a perfect price-discriminating monopoly. Consumers in a single-price monopoly market will experience a lower level of welfare as their surplus is reduced, while a perfect price-discriminating monopoly maximizes the consumer surplus.
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PLZ ANSWER ASAP WILL GIVE BRAINLIEST
Which area of intellectual property law did this case address?
copyright
trademark
trade secrets
right of publicity
A&M Records Inc. v. Napster Inc.
During the early 2000s, music fans freely shared their favorite songs online. Every day, they went to Napster and other peer-to-peer music sharing services to exchange thousands and thousands of MP3 files. They had access to almost every type of music and artist. There was just one problem. No one was paying for anything. Musicians, songwriters, producers, and record companies were losing millions of dollars.
So A&M Records and other companies affiliated with the Recording Industry Association of America filed a lawsuit against Napster and its creator Shawn Fanning. (Fanning was a college student at Northeastern University when he began the file-sharing service in 1999.) The suit accused Napster of contributory and vicarious copyright infringement. The case landed in the United States Court of Appeals for the Ninth Circuit. There, Napster was found guilty on both counts, and the site was forced to shut down in 2002. Several years later, a similar file-sharing service known as Grokster also had to cease operations when the Supreme Court ruled against it in MGM v. Grokster.
Answers
Answer:
Copyright it says so in the second paragraph
Answer:
copyright
Explanation:
edge 2020
A corporation reported the following during 2018: Net income $175,250 Sale of 10,000 shares of $5 par value common stock for $8. 75 per share A repurchase of shares as treasury stock, costing $24,750 A resale of treasury stock for $14,695; the shares cost $15,500 when repurchased. A declaration and distribution of a $39,000 cash dividend A declaration and distribution of a "small" stock dividend of 5,000 shares of $5 par value common stock at a total market value of $50,000. What was the increase in owners' equity during 2018?
Answers
$213,695 was the increase in owners' equity during 2018.
Equity is ownership of assets that may have debts or other liabilities attached to them in finance. Accounting equity is calculated by subtracting liabilities from the value of assets.
The amount of capital invested or owned by a company's owner is referred to as equity. The difference between a company's liabilities and assets on its balance sheet is used to calculate equity. The value of equity is determined by the current share price or a value set by valuation professionals or investors.
The most common types of equity compensation are incentive stock options (ISOs), non-qualified stock options (NSOs), restricted stock or restricted stock units (RSUs), and employee stock purchase plans.
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Lindex Company uses a process costing system. The following data are available for one department for October.
Units Materials Conversion
Work in Process, October 1 50,000 90% 60%
Work in Process, October 31 30,000 70% 50%
The department started 390,000 units into production during the month and transferred 410,000 completed units to the next department.
Required:
Compute the equivalent units of production for October, assuming that the company uses the weighted average method of accounting for units and cost.
The table required is as such:
Equivalent Units
Materials
Conversion
Equivalent units of production.........................
431,000
425,000
Answers
To compute the equivalent units of production for October using the weighted average method, we need to calculate the equivalent units for both materials and conversion costs.
Equivalent units of production for materials:
Work in Process, October 1:
Equivalent units = Units in process × Percentage of completion
Equivalent units = 50,000 units × 90% = 45,000 units
Units started and completed during October:
Equivalent units = Units completed
Equivalent units = 410,000 units
Work in Process, October 31:
Equivalent units = Units in process × Percentage of completion
Equivalent units = 30,000 units × 70% = 21,000 units
Total equivalent units for materials = Equivalent units from each stage
Total equivalent units for materials = 45,000 units + 410,000 units + 21,000 units = 476,000 units
Equivalent units of production for conversion:
Work in Process, October 1:
Equivalent units = Units in process × Percentage of completion
Equivalent units = 50,000 units × 60% = 30,000 units
Units started and completed during October:
Equivalent units = Units completed
Equivalent units = 410,000 units
Work in Process, October 31:
Equivalent units = Units in process × Percentage of completion
Equivalent units = 30,000 units × 50% = 15,000 units
Total equivalent units for conversion = Equivalent units from each stage
Total equivalent units for conversion = 30,000 units + 410,000 units + 15,000 units = 455,000 units
Therefore, the equivalent units of production for October using the weighted average method are as follows:
Equivalent units of production for materials = 476,000 units
Equivalent units of production for conversion = 455,000 units
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Which method of corporate finance is predominately used by "GROWTH companies"?
A-retained earnings
B-new stock issues
C-borrowing
D-none of these are used by “growth companies"
Answers
Answer:
The method of corporate finance that is predominately used by "GROWTH companies" is B: "new stock issues."
Explanation:
Growth companies are companies that are expanding rapidly and reinvesting their profits back into the business to fuel further growth. As such, they typically need to raise additional capital to support their expansion plans. One way they can do this is by issuing new stock, which allows them to sell ownership stakes in the company to investors in exchange for funding. This can be an attractive option for growth companies because it does not require them to take on debt, which can be costly and risky, and it also does not reduce their retained earnings, which they can continue to reinvest in the business. Retained earnings and borrowing are also commonly used methods of corporate finance, but they may not be as suitable for growth companies depending on their specific circumstances.
When a physician understands the treatment options better than the patient,a. this is an example of risk and uncertainty.b. this is an example of asymmetric information.c. this is an example of positive economics.d. this is an example of normative economics.
Answers
When a physician understands the treatment options better than the patient, this is an example of asymmetric information. Option b is Correct.
Asymmetric information refers to a situation in which one party in a transaction has more or better information than the other party. In this case, the physician has more knowledge and understanding of the treatment options available, which gives them an information advantage over the patient. This can lead to a situation where the patient may not be able to make informed decisions about their treatment options due to the information asymmetry.
Risk and uncertainty, positive economics, and normative economics are not directly related to this scenario. Risk and uncertainty refer to the possibility of an event occurring and the uncertainty associated with its outcome. Positive economics deals with the study of economic phenomena and their causes and consequences, while normative economics deals with the evaluation of economic policy and the determination of what economic outcomes are desirable. Option b is Correct.
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