Microeconomics is the study of decisions made by particular households, businesses, and levels of government.
The social science of microeconomics examines the effects of incentives and choices, particularly how they affect the allocation and use of resources. Microeconomics discusses how and why items have varied values, how people act and profit from efficient production and trade, and how individuals can cooperate and coordinate most effectively. Generally speaking, Microeconomics provides a more complete and in-depth understanding than Macroeconomics. The study of Microeconomics encompasses a number of fundamental concepts, including but not exclusive to:
Motivations and actions: How people or groups act in reaction to their surroundings.
Usefulness theory
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On November 1, 2020, Fashion Supplies, Inc. purchased 2,000 shares of Everyday Couture, Inc. for $30,000. Everyday Couture shares are actively traded. The per share stock prices were:
Share Price
November 1, 2020 $15.00
December 15, 2020 14.50
December 31, 2020 16.00
Fashion Supplies’ shares represent a 1% interest in Everyday Couture. Fashion Supplies does not have significant influence over Everyday Couture.
On December 15, 2020, Fashion sold 500 shares of Everyday Couture at the trading price. Fashion Supplies adjusts the Fair Value Adjustment Account at year-end only.
What is the net impact on the income statement for the year ended December 31, 2020, related to all of the Fashion Supplies’ investment activities?
Group of answer choices
O $1,250 gain
O $ 250 loss
O $1,000 gain
O $1,250 loss
The net impact on the income statement for the year ended December 31, 2020, related to all of Fashion Supplies' investment activities is a $1,250 gain, The correct option is A.
Determine the net impact on the income statement, we need to calculate the gain or loss from the sale of shares and adjust for the fair value adjustment.
On November 1, 2020, Fashion Supplies purchased 2,000 shares of Everyday Couture for $30,000, representing a 1% interest in the company.
On December 15, 2020, Fashion Supplies sold 500 shares of Everyday Couture. To calculate the gain or loss from the sale, we need to compare the selling price to the cost basis.
The selling price per share on December 15, 2020, was $14.50. Therefore, the proceeds from the sale of 500 shares would be 500 * $14.50 = $7,250.
The cost basis of the 500 shares sold is calculated based on the initial purchase price and the percentage interest owned. The cost per share is $30,000 / 2,000 = $15.
The cost basis of the 500 shares sold would be 500 * $15 = $7,500.
The gain or loss from the sale is the difference between the proceeds and the cost basis: $7,250 - $7,500 = -$250 (a loss of $250).
However, the question states that Fashion Supplies adjusts the Fair Value Adjustment Account at year-end only. Therefore, any change in the fair value of the remaining shares is not recognized on the income statement.
As a result, the net impact on the income statement is only the loss from the sale of shares, which is $250. Thus, the correct answer is that there is a $250 loss.
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which best deceived the nature of cause and effect in the context of the business cycle?
A. Each effect has other effects
B. Causes and effects cannot be easily defined
C. A cause has multiple independent effects
D. Each effect has a cause
How much should you deposit at the end of six months in an account paying 14% compounded semi-annually to receive semi-annual payments of P2,000 for the next 8 years?
The amount that you should deposit (present value) at the end of six months in an account paying 14% compounded sem-annually to receive semi-annual payments of P2,000 for the next 8 years is P18,893.30.
What is the present value?The present value is the future cash flows discounted at an interest rate to the current period.
Discounting is the opposite of compounding as the latter computes the future value while discounting computes the present value.
The present value is computed using the PV factor or an online finance calculator as follows:
N (# of periods) = 16 semiannual periods (8 years x 2)
I/Y (Interest per year) = 14%
PMT (Periodic Payment) = P-2000
FV (Future Value) = P0
Results:
PV (Present Value) = P18,893.30
Sum of all periodic withdrawals = P32,000.00 (P2,000 x 16)
Total Interest =P13,106.70
Thus, if you deposit P18,893.30 compounded at 14% in six months, you can withdraw P2,000 semiannually for 8 years.
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f Carlin can afford $350 per month, she could have just bought a more expensive house ($94,000 -- one of the nicest houses in her neighborhood!). Do you think she should pay off an expensive house in 30 years? Or, should she pay off a cheaper house in less time with less interest? Explain why you feel that way. How much total interest will she pay over the course of the mortgage for this house?
Answer: she should buy the cheaper house with interest because even with interest its still prob cheaper and you didnt give the interest amount
Explanation:
What is the best animal?
Answer: The answer is Dogs
Explanation: Dogs are the best animal because They're not just popular- historically, the symbiotic relationship between dogs and people helped both species survive.
in a periodic review system the order up to level equals
In a periodic review system, the order up to level equals the average demand during the review period plus the safety stock.
The order up to level is the level of inventory at which a new order is placed in a periodic review system. It is calculated by taking the average demand during the review period and adding the safety stock, which is a buffer inventory held to protect against stockouts due to unexpected demand or lead time variability.
To calculate the order up to level, you need to find the difference between the target inventory level and the current inventory level. This difference will determine the quantity of items you need to order to reach the desired inventory level.
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A forest was cleared for the building of a resort, but before construction began, secondary succession set in. Which of these describes why secondary succession appeared so rapidly?.
The soil components that remain after the forest is removed provide a nutritious substrate for rapid plant development.
The availability of nutrients in the soil causes a higher rate of secondary secession, which eventually boosts plant development. The soil components include roots, seeds, and other biotic creatures from previous plants that are degraded and offer nutrients to the plants.
The soil components that remain after the forest is removed provide a nutritious substrate for rapid plant development. The availability of nutrients in the soil causes a higher rate of secondary secession, which eventually boosts plant development.
The soil components include roots, seeds, and other biotic creatures from previous plants that are degraded and offer nutrients to the plants.
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PROFIT/LOSS = TOTAL REVENUE - TOTAL COSTS
lan set up a taxi firm one month ago. He has calculated that his total monthly revenue was £2400.
He has added his costs together for the first month and they came to £2800. However, he spent
£1000 on a car for the business that he will not need to spend again.
1) What was his profit/loss for the month?
For the month it was €
1
2) Next month, what will his profit/loss be?
3) List 2 things that could happen that would increase his costs?
Answer:
What's the question? :) I'm an econ major btw.
Explanation:
Which situation describes an oligopoly market structure? A. One company builds and sells all of the cars available in a developing country. B. Many different vendors sell the same few T-shirt designs to fans at a concert. C. Solar panels are only available from two companies operating in a country. D. A government gives one company full control over water treatment in a city.
Answer:
Answer C
Explanation:
Answer:C)
Explanation:just got it right<3
Norris has a deductible of $1,000. He damages his car in an accident and it will cost $3,300 to repair. How much does his insurance pay
Based on the information given the amount that the insurance pay is $2,300.
Using this formula
Insurance coverage=Cost of repair- Deductible
Where:
Cost of repair=$3,300
Deductible=$1,000
Let plug in the formula
Insurance coverage=$3,300-$1,000
Insurance coverage=$2,300
Inconclusion the amount that the insurance pay is $2,300.
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Sbj’s chris smith writes about institutional multiteam ownership as a closely watched trend in sports finance. Which major sports league is the last holdout for allowing this approach?.
Finance: CAZ Investments jumps into growing field of institutional ownership, and eyes last holdout league
One of the trends in the market that has received the most attention recently is institutional multiteam ownership. The top leagues in the country have long outlawed the practice, but barriers are starting to break down as a result of the pressing need for cash and soaring franchise prices that have priced out many potential purchasers.
Numerous early participants are testing the waters even though the market is still in its infancy. The Atlanta Hawks, Phoenix Suns, and Sacramento Kings are among the NBA teams in which Dial Capital's Home Court Partners has acquired small percentage stakes after becoming the first fund to get authorization to do so in 2019. Sacramento Kings and Suns. Over $1 billion is being raised by Dynasty, the pro team investment company founded by Jonathan Nelson of Providence Equity Partners and Don Cornwell of PJT Partners. Arctos Sports Partners is currently without a doubt the market leader. The company, led by managing partners Ian Charles and Doc O'Connor, has acquired stakes in more than a dozen teams in the NBA, NHL, MLS, and European soccer; its investments in MLB alone include the Boston Red Sox through a partnership with Fenway Sports Group, the Chicago Cubs, Houston Astros, Los Angeles Dodgers, and San Diego Padres. It announced $3.94 billion in assets under management earlier this year and is currently soliciting money for a second fund with a target size of $1 billion.
In collaboration with Bonaccord Capital Partners, CAZ Investments announces the successful closing of a $485 million private equity ownership fund.
The fund made it possible for the CAZ network of investors to purchase minority holdings in some of the best middle-market private investment managers.
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How can being smart, kind and generous make you a better person? Click to add to
Answer:
it will help you in life
Explanation:
when your kind and generous you can get a better job and to help you make friends and also you can be smart because you can apply to be a teacher or a tutor to help others
Jon is considering providing substantial funding to a new startup company called Ampére located in Spain. The company is planning to begin producing electric vehicles that are equipped with fully autonomous driving technology in two years. Jon is concerned that customers in Spain are not receptive to fully autonomous cars as recent country-wide research shows that the company ranks 17th (out of 20 countries surveyed) on the autonomous vehicle readiness index. Customers in Spain do not seem to be willing to adopt these technologies yet. Which of the following PESTEL dimensions should Jon most closely follow in order to assess whether customers' attitudes towards autonomous technologies will begin to change in the near future?
a) Technological
b) Economic
c) Sociocultural
d) Ecological
e) Legal
Answer:
c) Sociocultural
Explanation:
The attidudes of Spanish consumers towards autonomous cars are mainly influenced by sociological and cultural factors, in other words, they belong the sociocultural dimension of PESTEL.
Some of these factors may be: opennes to experience, education level of the population, demographic structure, income distribution, prevailing ideas or ideology in the populace, and so on.
These are the factors that Jon should look closely to in order to determine as objectively as possible the consumer attidue towards autonomous cars, so that he can decide whether or not to start this type of business.
Suppose that Papau New Guinea's potential GDP is equal to $950 trillion and that its real GDP is equal to $850 trillion.
In the given scenario, Papua New Guinea's potential GDP is $950 trillion, while its real GDP is $850 trillion. Potential GDP refers to the maximum output an economy can produce when utilizing all available resources efficiently and without causing excessive inflation.
Real GDP, on the other hand, represents the actual value of goods and services produced in an economy within a specific period, adjusted for inflation. The difference between potential and real GDP indicates an output gap, which, in this case, is $100 trillion. An output gap can be either positive or negative, depending on whether the economy is operating above or below its potential.
A negative output gap, like in Papua New Guinea's situation, suggests that the economy is not utilizing its resources to its full potential, and there may be factors such as unemployment or underutilized capital. This output gap could be a result of various factors, including structural issues, cyclical economic fluctuations, or external shocks.
Policymakers in Papua New Guinea can address this issue by implementing fiscal and monetary policies aimed at increasing investment, productivity, and labor force participation. By doing so, they can work towards closing the output gap and achieve a higher real GDP closer to the country's potential GDP.
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explain the meaning of personal account,real account and nominal account,give five examples each
Answer:
An example of a Real Account is a Bank Account. A Personal account is a General ledger account connected to all persons like individuals, firms and associations. ... A Nominal account is a General ledger account pertaining to all income, expenses, losses and gains. An example of a Nominal Account is an Interest AccountCost-volume-profit analysis is the study of the effects of.
Cost-volume-profit analysis simply means the study of the effects of change in costs and volume on the profit of a company.
What is Cost-volume-profit analysis?Cost-volume-profit analysis simply means a way to find out how changes in cost will affect the profit.
Cost-volume-profit analysis is the study of the effects of change in costs and volume on the profit of a company.
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Write down the steps of the marketing research approach in the correct order.
Answer:
Explanation:
The Marketing Research Process is comprised of 6 steps: 1: Problem Definition, 2: Development of an Approach to the Problem, 3: Research Design Formulation, 4: Field Work or Data Collection, 5: Data Preparation and Analysis, 6: Report Preparation and Presentation.
People who live entirely within an urban environment ________. People who live entirely within an urban environment ________. are never provided enough quality housing, even for those who can afford it have too many luxury goods at too expensive a price have insufficient choices for activities and lifestyles may become disconnected from nature and from the true costs of their needs and activities pay less for food and gasoline than rural areas
Answer: may become disconnected from nature and from the true costs of their needs and activities
Explanation:
People who live entirely within an urban environment may become disconnected from nature and from the true costs of their needs and activities.
Unlike those in the rural areas which are connected to nature, thus isn't thesame those lining entirely in an urban area such as a large city. Also, with regards to the prices of the goods being bought, there may be some hidden cost that can't be seen in the price of the good in the market.
Which one of the four factors of copyright is MOST important?
Answer:
the purpose and character of the use i think
Explanation:
Custom Motors' account with Widgets, Inc. Has an opening balance of $1,200. They make four purchases totaling $1,500, receive a $400 credit for returned widgets, and make a payment of $2,000. What amount will go into the schedule of accounts for Custom Motors? A. $300 B. $1,500 OC. $1,100 D. $2,000
Answer:
A. $300
Explanation:
The computation of the amount will go into the schedule of accounts for Custom Motors is shown below;
= Opening balance + purchase made - credit received - payment made
= $1,200 + $1,500 - $400 - $2,000
= $300
Hence, the amount will go into the schedule of accounts for Custom Motors is $300
Therefore the option a is correct
And, the same would be considered
Answer:
A 300
Explanation:
Which level of structural organization is considered to be the highest (most complex) level?
Organism is level of structural organization is considered to be the highest (most complex) level.
What is organismal level?The Organismal level can be described as the most complex level of organization which can be explained as the organismal level, an in this level all the eleven organ systems function in the human organism.
It can be considered as a complex level with full developed structure in the whole living person, hence Organism is level of structural organization is considered to be the highest (most complex) level.
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The benefits and services employees receive in exchange for their work are called: Multiple Choice pay level. pay.
The benefits and services employees receive in exchange for their work are called: Multiple Choice pay level. The benefits and services employees receive in exchange for their work are called "compensation."
Compensation refers to the total package of benefits and services that an employee receives from their employer in addition to their salary or wages. This can include health insurance, retirement plans, paid time off, bonuses, and other perks. Compensation is an important part of the employment agreement between the employer and employee and helps attract and retain talent. The benefits and services employees receive in exchange for their work are called "compensation." Compensation is a comprehensive term that encompasses various elements beyond just the salary or wages paid to an employee. It includes both monetary and non-monetary rewards provided by an employer.
Monetary benefits can include base salary, bonuses, profit-sharing, and commission payments. These are typically directly tied to the employee's performance or the company's performance. Non-monetary benefits, on the other hand, refer to perks and services that enhance an employee's overall work experience. Examples of non-monetary benefits include health insurance, retirement plans, paid time off, flexible work arrangements, employee assistance programs, and other fringe benefits. The purpose of providing compensation is to attract and retain qualified employees, motivate them to perform well, and ensure their overall well-being. Employers use compensation packages as a way to compete in the job market and differentiate themselves from other employers.
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1. on culture: suppose the education system of a given country teaches values that can make it very difficult to do business profitably in the country. is that an impossible barrier, or is there anything that can be done to change it? defend your answer.
Education plays an important role in carving the personality of an individual, but other factors such as religion, culture and traditions are also responsible in shaping individuals personality.
What is culture?Culture is an umbrella term that encompasses human societies' social behaviour, institutions, and norms, as well as the individuals' knowledge, beliefs, arts, laws, customs, capabilities, and habits. Culture is frequently attributed to or originated in a specific region or location.
Education is important in shaping an individual's personality, but other factors such as religion, culture, and traditions are equally important.
Aside from these factors, an individual's perception of a situation or environment plays an important role in the development of specific personality traits.
As a result, a value-based educational system is not an impassable barrier to doing business. Individuals' working styles are influenced by their operating experience and perception of the business environment.
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Currently, 3M Compary pays an annual dividend of $2.85 if the stock b weling for $75, what is the dividend yield? (Enter your answer os a percent rounded to 1 decimol place.) General Motors has a beta of 1.45. If the overall stock market increases by 4 percent, based on this information, how much should investors assume that General Motors will increase? (Enter your answer as a percent rounded to 2 decimal ploces.) Casper Energy Exploration reports that the corporation's assets are valued at $175,000,000, its liabilities are $60,000,000, and it has issued 11,500,000 shares of stock. What is the book value for a share of Casper stock? (Round your answer to 2 decimal places.)
The dividend yield for 3M Company is 3.8%.
Based on General Motors' beta of 1.45 and the overall stock market's increase of 4%, investors should assume that General Motors will increase by 5.8%.
The book value for a share of Casper stock is approximately $8.70.
To calculate the dividend yield, we divide the annual dividend by the stock price and then multiply the result by 100. In this case, the annual dividend is $2.85 and the stock price is $75.
Dividend yield = (Annual dividend / Stock price) * 100
Dividend yield = (2.85 / 75) * 100
Dividend yield ≈ 3.8%
The dividend yield for 3M Company is approximately 3.8%. This means that for every dollar invested in 3M stock, investors can expect a return of around 3.8 cents in the form of dividends.
The beta value of a stock measures its sensitivity to changes in the overall stock market. A beta of 1 indicates that the stock tends to move in line with the market, while a beta greater than 1 indicates a higher sensitivity.
To estimate the expected increase in General Motors' stock price, we multiply the market increase (4%) by the beta value (1.45).
Expected increase = Market increase * Beta value
Expected increase = 4% * 1.45
Expected increase ≈ 5.8%
Based on General Motors' beta of 1.45 and the overall stock market's increase of 4%, investors should assume that General Motors' stock price will increase by approximately 5.8%. This means that General Motors' stock is expected to outperform the market by around 1.8%.
To calculate the book value per share, we subtract the liabilities from the assets and then divide the result by the number of shares issued.
Book value per share = (Assets - Liabilities) / Number of shares issued
Book value per share = ($175,000,000 - $60,000,000) / 11,500,000
Book value per share ≈ $8.70
The book value per share for Casper stock is approximately $8.70. This represents the theoretical value of each share based on the company's assets and liabilities. It can serve as a benchmark for investors when evaluating the stock's potential value.
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on january 2 denny corp. enters into five-year finance lease for machinery with annual year-end payments of $15,000. the present value of the six annual lease payments is $65,000.
The journal entry is-
Right-of-use asset $65,000 debit
Lease liability $65,000 credit
What is a journal entry?All company transactions are documented in journal entries. Any financial activity that has an effect on the firm is a transaction, in the broadest sense. They encompass any transaction involving the exchange of money, including interest payments, depreciation, expenses, and payroll.
Every transaction is recorded in a journal entry with a debit and a credit, and in order for the basic accounting equation to remain balanced, the two amounts on either side of the entry must be equal.
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One major advantage of pure competition compared to a monopoly is that:
O A. businesses have more incentives to keep prices low.
B. economies of scale become less important.
C. consumers have to make fewer economic choices.
D. more capital is available for research and development.
Answer:businesses have more incentives to keep prices low
Explanation:apex
provide a defination of GAAP
Answer:
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Generally accepted accounting principles, or GAAP, are a set of rules that encompass the details, complexities, and legalities of business and corporate accounting. The Financial Accounting Standards Board (FASB) uses GAAP as the foundation for its comprehensive set of approved accounting methods and practices.
Which of the following influences the consumer when he or she is deciding wether to buy a product?
A. The stock market
B. Opinion factors
C. External factors
D. Multiple factors
Answer:
D.
Explanation:
The factors that infuence a consumer's decision of buying product are multiple. It can be internal, external, economic, cultural, etc.
These factors include psychological factor, social factor, cultural factor, situational factor, etc.
Many times it's psychological factors such as moods. If a person is in bad or good mood, it will affect his behavior to buy a product. Culture or social life also influences consumer's buying habit. Some buy under peer pressure or to have status in society.
Therefore, option D is correct.
Answer: External factors
Explanation:
What would a nonprofit organization hire a marketing team? What are some examples
Hand off marketing so you can focus on your mission. Bring on a greater number of donors and volunteers. Increase your organization's impact on the world.
What does non-profit marketing look like in practice?Consumers are urged to donate money to a cause or charitable cause in traditional fundraising. Some companies work with organizations to develop long-term fundraising campaigns for causes that are important to their workforce.
Which marketing tasks are carried out by charitable organizations?The techniques and plans employed by nonprofit organizations to increase donations and distribute their message are referred to as nonprofit marketing. Numerous activities fall under the category of nonprofit marketing, including social media marketing, content marketing, mobile marketing, and direct mail marketing.
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Suppose that the price of a kilo of bananas drops from $4.4 to $2, and as a resuit, the quantity sold increases from 50 to 80 kilos. a) What is the value of total revenue before and after the price change? Round your answers to 1 decimal place. $ and $ b) What is the percentage change in the price? c) What is the percentage change in the quantity? d) What is the value of the price elasticity of demand? Round your answer to 2 decimal places. e) Is the demand elastic or inelastic?
a) Total revenue before the price change: $220.0
Total revenue after the price change: $160.0
What are the changes in total revenue, price, quantity, elasticity, and demand?The total revenue before the price change can be calculated by multiplying the initial price ($4.4) by the quantity sold (50 kilos), resulting in $220.0.
After the price change to $2, the total revenue can be calculated by multiplying the new price by the new quantity sold, which is $160.0 (=$2 × 80 kilos).
To calculate the percentage change in the price, we use the formula: ((new price - initial price) / initial price) × 100. In this case, the percentage change in the price is ((2 - 4.4) / 4.4) × 100 = -54.55%.
Similarly, the percentage change in the quantity can be calculated using the formula: ((new quantity - initial quantity) / initial quantity) × 100. The percentage change in the quantity is ((80 - 50) / 50) × 100 = 60%.
To determine the value of the price elasticity of demand, we use the formula: (percentage change in quantity / percentage change in price). In this case, the price elasticity of demand is (60% / -54.55%) ≈ -1.10.
Based on the value of the price elasticity of demand, we can conclude that the demand for bananas is elastic.
The percentage change in quantity (60%) is greater than the percentage change in price (-54.55%), indicating that a change in price leads to a relatively larger change in quantity demanded.
Consumers are responsive to price changes, resulting in a greater than proportionate change in quantity demanded.
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