The statement "An example of a microeconomics question would be asking about the reasons for increases and decreases in the price of eggs" is true.
This type of question falls under the umbrella of microeconomics, which studies the behavior of individual consumers and producers in an economy.
What is microeconomics?Microeconomics is a branch of economics that studies the economic behavior of individuals, households, and firms in order to understand the decision-making processes of consumers and suppliers, as well as how these actions affect the supply and demand of goods and services in the market.
Microeconomics covers a wide range of topics such as supply and demand, production and costs, market structures, and the pricing of goods and service.
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when accounting for accounts receivable, a primary objective is to ______.
Collect the amounts owed by customers on credit sales and record them accurately in the accounting system.
When accounting for accounts receivable, a primary objective is to properly record and manage the amounts owed to a business by its customers or clients. This includes tracking the timing and amount of payments, monitoring overdue balances, and managing collections efforts to ensure the timely receipt of payments. Ultimately, the objective is to accurately reflect the value of the accounts receivable on the company's balance sheet and to ensure the company has the sufficient cash flow to meet its obligations and fund its operations. Proper accounting for accounts receivable can also provide insights into customer behavior and credit risk, which can inform future business decisions.
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according to chapter 2, which of the following is not a guideline for using social media legally and ethically. a. keep your private social-media accounts separate from those at work. b. avoid false endorsements. c. work efficiently by repurposing pieces of content you wrote for other workplace documents. d. avoid revealing unauthorized news about your own company.
According to Chapter 2, the option that is not a guideline for using social media legally and ethically is: c. work efficiently by repurposing pieces of content you wrote for other workplace documents. Therefore option C is correct.
To use social media legally and ethically, you should follow these guidelines:
a. Keep your private social-media accounts separate from those at work: This ensures that your personal opinions and activities do not interfere with your professional life and helps maintain a clear boundary between the two.
b. Avoid false endorsements: Always be honest and transparent when endorsing products or services on social media. False endorsements can mislead your audience and may also have legal consequences.
d. Avoid revealing unauthorized news about your own company: Sharing confidential or sensitive information about your company can result in negative consequences for the business and potentially for your employment. Always ensure that you have permission before sharing any internal news on social media.
By following these guidelines, you can ensure that you are using social media in a responsible and ethical manner. Remember to always be professional and respectful when interacting with others on social media platforms, and to think before you post to avoid any potential issues.Therefore option C is correct.
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annie would like to take out a loan to put a new playground in her yard for her kids. she offers her car which is worth $7,800 as collateral. the loan officer at the bank is permitted to loan annie 92% of the value of her collateral. how much will annie be able to borrow for the playground using her car as collateral?
To determine how much Annie may borrow using her automobile as collateral, multiply the value of her car by the percentage of the loan she is eligible for. In this situation,
Annie can borrow up to 92% of the value of her automobile from the loan officer. As a result, the computation will be:
Loan amount = vehicle value x loan percentage
Loan amount = $7,800 multiplied by 0.92
The loan amount is $7,176.
As a result, Annie will be able to borrow up to $7,176 for the playground, with her car serving as collateral. It is critical to realize that this is the maximum amount she may borrow based on the value of her vehicle, and the actual loan amount she obtains may be less.
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Monetary policy involves the use of money and credit controls toA) Move the economy along the aggregate supply curve.B) Shift the aggregate supply curve.C) Move the economy along the aggregate demand curve.D) Shift the aggregate demand curve
C.) Monetary policy moves the economy along the aggregate demand curve by adjusting money supply, interest rates, and credit availability. This influences demand for goods and services, impacting output and employment in the short run.
Monetary policy is a macroeconomic tool used by central banks to influence the overall health and growth of an economy. By adjusting the money supply, interest rates, and credit availability, central banks can either stimulate or cool down the economy. When the central bank wants to stimulate the economy, it can lower interest rates, increase the money supply, or make credit more accessible. These measures will reduce borrowing costs, encourage spending, and boost demand for goods and services, ultimately shifting the economy along the aggregate demand curve. This can result in increased output and employment in the short run. Conversely, when the central bank wants to cool down the economy, it can raise interest rates, reduce the money supply, or make credit less accessible, which can reduce demand for goods and services, impacting output and employment in the short run.
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which of the following is a strategic business unit (sbu) in the sony group summary chart? a. accounting b. mobile communications c. music d. entertainment
D. Entertainment. Sony Group Summary Chart divides Sony's business into four divisions, each of which is a strategic business unit (SBU): Mobile Communications, Music, Pictures, and Entertainment.
What is strategic business?Strategic business is the process of creating a vision for an organization's future, as well as developing a plan to achieve that vision. It involves setting goals and objectives, analyzing the competitive environment, and developing a plan to address opportunities and threats. Strategic business planning involves researching external and internal factors that will affect the business, analyzing the organization's current state and resources, and developing a path forward to achieve success. It also involves determining the company's competitive position in the market, setting financial goals, and creating strategies to reach those goals. Strategic business planning is essential for an organization to remain competitive and successful in the long-term.
These divisions are responsible for producing and selling consumer electronics, music, films, and video games, respectively.
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The metaphor for an invisible barrier preventing women and minorities from being promoted to top executive jobs is called the
a.) immovable barrier
b.) glass ceiling
c.) discrimination wall.
d.) invisible door
e.) steel curtain
The metaphor for an invisible barrier preventing women and minorities from being promoted to top executive jobs is called the "B) glass ceiling".
The term "B) glass ceiling" refers to a difficult-to-see barrier that prohibits women and minorities from advancing to senior management positions. These obstacles may be undetectable or hard to describe, making it difficult for women and minority workers to make sense of the discriminatory forces that are impeding their progress.
In business organizations, the glass ceiling is seen as a challenge that women and minority employees must face in order to succeed in high-level positions. Women and people of color are underrepresented in top management positions, which is seen as evidence that they have a more difficult time breaking through the ceiling. Although the glass ceiling has been identified as a major problem for women and people of color in the United States, its existence and magnitude are not yet fully understood. Some researchers argue that the concept of the glass ceiling is too broad and vague to be effective in guiding policy or practice.
The primary cause of the glass ceiling is bias, which can take many forms. Women and people of color are often given fewer opportunities to participate in decision-making, and they may not receive the same level of support and encouragement as their male and white counterparts. Another issue is that women and people of color are often given roles that are less critical or less influential, which limits their ability to gain experience and demonstrate their leadership abilities. Discrimination also occurs in hiring, promotions, and performance evaluations, with women and people of color receiving less favorable evaluations and less pay for the same work.
In order to break the glass ceiling, a concerted effort is required on many fronts. The following are some of the ways to break the glass ceiling:
Support women and minority employees at all levels of the organization, including mentoring and sponsorship programs.Encourage diversity in the hiring process, including diverse search committees, job postings, and outreach to underrepresented groups.Provide equal opportunities for promotion and advancement, including performance evaluations that are objective and unbiased.Reduce the impact of unconscious bias in decision-making by providing training and awareness-building activities for managers and employees.Provide flexible work arrangements to accommodate the needs of working parents and caregivers, including flexible schedules and remote work options.Limit the extent of occupational segregation by encouraging women and people of color to enter fields that are underrepresented by their respective groups.For similar question on "Glass Ceiling" :
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which country has been granted three bailout efforts by the eu in an attempt to prevent a sovereign debt crisis? group of answer choices greece france great britain belgium portugal
the correct option is Greece. The nation has been conceded three bailout endeavors by the EU trying to forestall a sovereign debt crisis in Greece.
Greece has gotten three bailout packages from the European Association and International Monetary Fund starting around 2010, adding up to €289bn (£259bn; $330bn). The first bailout bundle was endorsed for Greece in May 2010. The second bailout bundle was closed on July 21, 2011, which expanded more than €100 billion ($140 billion) in credits to Greece to balance out the Greek economy and contain the expected harm to the eurozone all in all. Financing costs for existing bailout credits were diminished, and the reimbursement time frames were stretched. The third bailout understanding was arrived at on July 12, 2015, where Greece would get a credit of up to €86 billion, which would be given to Greece step by step from 2015 until June 2018.
The bailout packages accompanied the cost of extreme gravity estimates 1. For some Greeks, particularly the youthful, the long periods of monetary difficulty were serious. Individuals' sadness moved toward riots in the city as they endured spending cuts, high charges, and over and again sliced pay rates and benefits. More than 400,000 individuals emigrated and in 2013 the joblessness rate topped at 27.5% - yet for those under 25, it was 58%. 3/4 of Greeks think the bailouts hurt the country.
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explain how credit scores are similar to grades on a report card?
Credit scores are similar to grades on a report card in the sense that they provide an assessment of how well a person has performed over time in terms of managing his or her finances.
Just as grades indicate academic performance, credit scores provide a numerical rating of a person's creditworthiness. Both grades and credit scores are based on a set of criteria that are used to determine an individual's overall performance. Grades are based on a student's performance in various subjects over a period of time, while credit scores are based on an individual's payment history, outstanding debts, length of credit history, and other financial factors.
Both grades and credit scores are used to evaluate a person's abilities and predict future performance. In addition, both grades and credit scores can have a significant impact on a person's life. Poor grades can limit a student's options for college and future employment, while a low credit score can make it difficult to obtain loans or credit cards, or result in higher interest rates. On the other hand, good grades and a high credit score can open up more opportunities and make it easier to obtain favorable financing terms.
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a share of stock is now selling for $70. it will pay a dividend of $8 per share at the end of the year. its beta is 1. what must investors expect the stock to sell for at the end of the year? assume the risk-free rate is 4% and the expected rate of return on the market is 15%
The expected stock price at the end of the year is $86.56.
This is calculated by adding the dividend of $8 to the present stock price of $70 and then applying the capital asset pricing model (CAPM). The CAPM takes the risk-free rate of 4%, the stock's beta of 1, and the expected rate of return on the market of 15% into account.
By using these figures, the expected rate of return on the stock is 11% (R = 4% + 1*(15% - 4%)).
When the expected rate of return of 11% is applied to the stock's current price of $70, we get an expected stock price of $86.56 ($70 + $8/(1+R)). Therefore, investors can expect the stock to sell for $86.56 at the end of the year.
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suppose a european put price exceeds the value predicted by put-call parity. how would an investor profit? demonstrate
An investor can profit by employing conversion arbitrage if the European put price exceeds the value predicted by put-call parity.
An investor could make a profit if the European put price exceeds the value predicted by put-call parity by employing a strategy known as conversion arbitrage. This strategy entails the following steps:
Step 1: Purchase an undervalued asset: The investor buys the underlying asset for the spot price.
Step 2: Short sell a call option: Simultaneously, the investor sells a call option with a strike price equal to the asset's price.
Step 3: Buy a put option: The investor buys a put option at a strike price equal to the call option's price.
Step 4: A net credit is received: The investor would be credited the difference between the put option and the call option since the put option costs more than the call option.
Step 5: Profits can be realized: The investor will make a profit as long as the stock price is less than the call option's strike price but higher than the combined premium value of the call and put options.
An investor can profit by employing conversion arbitrage if the European put price exceeds the value predicted by put-call parity.
What is Put-Call Parity?
Put-call parity is a basic concept in options pricing that defines the relationship between the prices of call and put options with the same underlying asset, strike price, and expiration date.
The principle of put-call parity is that options of the same underlying asset should be priced equally due to the risk-free arbitrage possibilities presented by the law of one price.
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the imposition of a domestic content requirement by the united states would cause consumer surplus for americans to
The imposition of a domestic content requirement by the United States would cause an increase in consumer surplus for Americans.
This is because domestic content requirements mandate that certain goods are produced domestically, rather than imported, which could reduce costs and increase quality.
As a result, American consumers would benefit from the increased competition and lower prices.
The increased competition would also mean increased jobs and wages, resulting in further benefits to the US economy.
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josh smith, the materials manager at a retail store, has determined that a particular product experienced 5 turns last year, with an annual sales volume of $15 million. what was the average inventory value for this product last year? question 28 options: $1 million $2.5 million $3 million $4.5 million
The average inventory value for the given product can be calculated as $3 million. It can be calculated by dividing the cost of the product by number of times it was sold. The correct option is C.
What is inventory management?
Inventory management is the practice of organizing the inventory of a business in a manner that maximizes profits. It refers to the process of managing the items that a company sells or uses in its operations, including raw materials, finished goods, and work-in-progress items.
Determining the average inventory value of a product is an essential part of inventory management as it helps the company optimize inventory levels and reduce costs. The formula for calculating the average inventory value is as follows:
Average inventory value = (Cost of goods sold/ Number of times the product was sold) × (Inventory turnover)
The product experienced five turns last year and had an annual sales volume of $15 million, we can calculate the average inventory value as follows:
Inventory turnover = (Annual sales volume/ Average inventory value)
5 = ($15 million / Average inventory value)
Average inventory value = $15 million / 5 = $3 million
Therefore, the average inventory value for the product last year was $3 million. Hence, the correct option is C.
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the rec consists of 10 members, eight of whom are in the real estate profession, and two other members who aren't affiliated with real estate. instead, how do they get on the rec?
The REC (Real Estate Committee) consists of 10 members, with eight being real estate professionals and two non-real estate affiliated members. To get on the REC as one of the non-real estate members, there are generally two main ways:
1. Nomination or appointment: The non-real estate affiliated members may be nominated or appointed by a governing body or organization overseeing the REC. This may include local or state government officials, professional organizations, or community stakeholders. These non-real estate members can bring a diverse perspective and valuable insights to the committee, contributing to a more comprehensive understanding of the real estate industry's impact on the community.
2. Application or volunteering: Individuals interested in participating in the REC who are not affiliated with the real estate profession can apply or volunteer to join the committee. In this process, they may need to submit an application, express their interest in the role, and demonstrate their relevant skills, knowledge, or experience that would be valuable to the REC.
In both cases, the main goal is to have a diverse and well-rounded committee that can address the various aspects of the real estate industry, including its impact on communities, local economies, and the environment. Non-real estate affiliated members can provide valuable input and help ensure the REC's decisions and policies are balanced and effective.
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Which one of the following would be the same total amount on a flexible budget and a static budget if the activity level is different for the two types of budgets?
a. Direct materials cost
b. Direct labor cost
c. Variable manufacturing overhead
d. Fixed manufacturing overhead
c.) If activity levels differ, variable manufacturing overhead costs, which change proportionately with production activity, would be the same on a flexible budget and a static budget.
Variable manufacturing overhead would be the same total amount on a flexible budget and a static budget if the activity level is different for the two types of budgets. This is because variable manufacturing overhead costs are directly related to the level of production activity and will therefore vary proportionately with changes in activity levels. The flexible budget adjusts for changes in activity levels, while the static budget remains fixed regardless of activity levels. As such, the total amount of variable manufacturing overhead costs will be the same for both types of budgets, even if the activity level differs. Direct materials cost, direct labor cost, and fixed manufacturing overhead are not directly tied to changes in activity levels and would therefore differ between the two types of budgets.
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ivan is starting his own pet store in his neighborhood. where should he go to obtain a business license and permits?
Ivan should go to his local city or county government office to obtain a business license and permits.
The specific office that handles business licensing and permits may vary depending on the location. In some cases, it may be the city clerk's office, while in others, it may be the county clerk's office or the department of revenue. Ivan can start by contacting his local government or searching their website to find out what licenses and permits he needs to operate a pet store in his neighborhood. Some of the licenses and permits that he may need include a business license, a tax ID number, a sales tax permit, and permits for building and health inspections.
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What are the key components of financial planning?
The key elements of financial planning are: Assess your financial situation, Set money goals, Create a detailed plan to reach your financial goals.
Execute Plan Daily/Regularly
Know Your Money/Transactions Personally
Monitor and review your financial plan frequently
Replace money myths with money truths
A financial plan is a document that describes/elucidates an individual's current financial situation and short- and long-term financial goals. It includes strategies for achieving these goals. A financial plan helps/assists you identify and plan for basic needs such as:
Managing/taking care life risks (such as those related to health and disability), income and expenses, and debt relief.
We provide financial advice so you are ready to meet your commitments and goals.We also help you track your progress towards financial well-being over the years. also helps.
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what are the two determinants of the growth rate in dividends? group of answer choices the earnings yield and operating margin the retention rate and return on equity the discount rate and the equity multiplier the interest rate and the current ratio
The two determinants of the growth rate in dividends are the earnings yield and the operating margin. The earnings yield is a measure of the profitability of a company and is calculated as the annual earnings divided by the market capitalization of the company.
This gives an indication of the amount of money the company is making for each dollar invested in the business. The operating margin is a measure of the efficiency of the company's operations and is calculated as the net income divided by the total sales.
This gives an indication of how much money the company is making for each dollar of sales. Both of these measures are important indicators of how well the company is doing and how much potential there is for dividend growth. Together, they provide an indication of the expected growth rate in dividends.
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freetown corporation budgeted fixed manufacturing costs of $34,000 during 2020. other information for 2020 includes: the budgeted denominator level is 2,400 units. units produced total 1,500 units. units sold total 1,300 units. beginning inventory was zero. the company uses absorption costing and the fixed manufacturing cost rate is based on the budgeted denominator level. manufacturing variances are closed to cost of goods sold. the production-volume variance is: (round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)
The production-volume variance is $2,834.
The production-volume variance is calculated as follows:
Budgeted fixed manufacturing cost rate per unit = Budgeted fixed manufacturing costs / Budgeted denominator level
= $34,000 / 2,400 units
= $14.17 per unit
Actual fixed manufacturing cost = Budgeted fixed manufacturing cost rate per unit x Units produced
= $14.17 per unit x 1,500 units
= $21,255
Fixed manufacturing cost applied to units produced = Budgeted fixed manufacturing cost rate per unit x Units sold
= $14.17 per unit x 1,300 units
= $18,421
Production-volume variance = Actual fixed manufacturing cost - Fixed manufacturing cost applied to units produced
= $21,255 - $18,421
= $2,834
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the single most important idea the company hopes to convey to its target audience about a product is the ________.
The single most important idea the company hopes to convey to its target audience about a product is the core message .
In content marketing, core message refers to the important elements you want your audience to remember about your business. It captures the core of who you are and what you do in a few syllables or phrases.
Your Core Message helps you to stand out by clearly stating your perspective. It enables you to passionately advocate for what you believe in. You may attract individuals who share your values and views if you convey your convictions through your Core Message. They understand you and wish to collaborate with you!
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which of the following would not be subtracted from the balance per books on a bank reconciliation? question 13 options: outstanding checks. nsf checks. check printing charge. service charges.
Check printing charge would not be subtracted from the balance per books on a bank reconciliation.
What is Bank Reconciliation? Bank Reconciliation is the process of matching the balances in a company's bank account records for a cash account to the equivalent information on a bank statement. Reconciliation is vital to ensuring that the account's actual cash balance matches the bank's reported balance, which is essential for preventing fraudulent activities.
Bank reconciliation is essential to ensure that the financial records are correct and up-to-date. It assists in detecting discrepancies such as unauthorized charges, unrecorded deposits, and more. With the help of bank reconciliation, any errors and issues can be addressed quickly, preventing significant problems in the future which can affect the overall financials of a company.
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the method of estimating bad debts uses both past and current receivables information to estimate the allowance amount. specifically, each receivable is classified by how long it is past its due date. multiple choice question. percentage of receivables aging of receivables percentage of sales
The method of estimating bad debts that uses both past and current receivables information to estimate the allowance amount is called the aging of receivables method.
Under the aging of receivables method, each receivable is classified by how long it is past its due date, such as 30 days, 60 days, 90 days, etc. Then, a percentage is applied to each age category based on historical experience to estimate the likelihood that the receivables will ultimately be collected.
The percentages are then multiplied by the respective amounts in each age category to calculate the estimated allowance for doubtful accounts.
Using this method, companies can better estimate the potential losses from uncollectible accounts and create an appropriate allowance for doubtful accounts. This allows them to accurately report their accounts receivable balances on their financial statements and avoid overestimating their net income.
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which one of the following is the most important source of risk from owning bonds?O Loss of a bond certificate O market interest rate fluctuationsO current market priceO Time to maturity
The most important source of risk from owning bonds is market interest rate fluctuations. option B is the correct answer.
Interest rate risk is one of the most important risks associated with bond ownership. When market interest rates rise, bond prices fall, and vice versa. When interest rates fall, bond prices rise because they become more valuable in the marketplace. Bond investors face two types of interest rate risk:
If you are a bondholder, you face two types of interest rate risk:If you have to sell your bond before it matures, you risk losing money because the price of the bond has decreased as interest rates have risen.If you keep your bond until it matures, you risk losing out on the opportunity to earn a higher interest rate on your money if interest rates rise in the future. When your bond matures, you will be forced to accept the interest rate that was agreed upon when it was issued, regardless of current market conditions.
Thus, option B is the correct answer.
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calculate the price of a zero-coupon bond that matures in 13 years if the market interest rate is 5.70 percent. assume semiannual compounding. (do not round intermediate calculations and round your final answer to 2 decimal places.)
To calculate the price of a zero-coupon bond that matures in 13 years if the market interest rate is 5.70 percent with semi-annual compounding, the price of the zero-coupon bond would be $408.17 (rounded to the nearest hundredth).
A zero-coupon bond is a type of bond that is sold at a discount from its face value, or par value. The bond pays no interest during its term, but the investor receives the face value of the bond when it matures.
To calculate the price of a zero-coupon bond, the following formula is used:
P = F / (1 + r)n
where:
P is the price of the bond
F is the face value of the bond
r is the interest rate
n is the number of periods until maturity
In this case, the face value of the bond is not provided, so it can be assumed to be $1.
Using this assumption, the formula for calculating the price of the bond is:
P = 1 / (1 + 0.0570/2)26P = $0.4081708365
The price of the zero-coupon bond, rounded to the nearest hundredth, would be $408.17.
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pip pop is an app development firm that prizes creativity and technical skills. if you were the chief people officer of pip pop, how would you ensure external fit of the hr system? multiple choice define job performance based on the number of lines coded per day. reward innovative ideas and continually train employees on the latest computer programming languages.
External match relates to activities, capabilities, and techniques that the employer develops to reply to the external environment; that is, to customers, competitors, and different exterior factors
What is exterior fit and inner in shape in HR?External suit relates to activities that the business enterprise develops to respond to the exterior environment. Internal suit focuses extra on how organisational and HRM structures are connected inside the organisation.
External in shape is indispensable to enhance the performance of the firm. It has been observed that companies which have better exterior suit between method and HR structures have better performance than companies which have a much less exterior fit.
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https://brainly.com/question/13159111#SPJ1which of the following would not be included in a nation's gross domestic product (gdp)? the inventory of paper towels goes up. in a poker game a student wins $500 that he does not report as income. a landlord rents an apartment. the government purchases 100 new trucks for the army.
The following would not be included in a nation's gross domestic product (GDP) among the given options: In a poker game, a student wins $500 that he does not report as income.
What is Gross Domestic Product (GDP)?Gross Domestic Product (GDP) is the total market value of all final products and services generated within a country's borders during a given period (typically a year). It calculates the overall market worth of all products produced within a country's borders. GDP also considers the purchase price of each product that consumers are willing to pay.
What is excluded from GDP?The following are the items that are not included in a nation's Gross Domestic Product (GDP):
Intermediate goods: These are goods and services that are utilized in the production of other goods and services that will be sold later. As a result, intermediate goods are not included in GDP.
Used goods: Items that have already been utilized and are being sold again (second-hand) are referred to as used products. As a result, their selling price is not included in GDP.
Transfer payments: These payments are intended to help disadvantaged groups of people, such as the unemployed or the elderly. Transfer payments are not included in GDP because they are not payments for any services or products currently produced.
Unreported income: Income that is not reported on income tax returns is not included in GDP.
Welfare benefits: These are not included in GDP because they are not payments made in exchange for goods or services.
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If the tax on a good is increased from $0.30 per unit to $0.90 per unit, the deadweight loss from the tax
Select one:
a. remains constant.
b. increases by a factor of 4.
c. increases by a factor of 9.
d. increases by a factor of 16.
If the tax on a good is increased from $0.30 per unit to $0.90 per unit, the deadweight loss from the tax increases by a factor of 16.
Hence, option (d) is correct choice.
Where P1 and Q1 are the price and quantity without the tax, and P2 and Q2 are the price and quantity with the tax.
Therefore, when the tax is increased from $0.30 to $0.90 per unit, there will be an increase in price, which will cause a decrease in quantity demanded.
This decrease in quantity demanded will cause an increase in deadweight loss.
Hence, the deadweight loss from the tax D) increases by a factor of 16.
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the u.s. federal minimum wage was first established by the multiple choice fair labor standards act. age discrimination in employment act. occupational safety and health act.
The U.S. Federal minimum wage was first established by the Fair Labor Standards Act (FLSA). So, the correct answer is fair labor standards act. Option A.
The Fair Labor Standards Act (FLSA) of 1938 was signed into law by President Franklin D. Roosevelt on June 25, 1938. This law established the federal minimum wage for employees engaged in interstate commerce and regulated working hours, including overtime, for employees in covered industries.
The minimum wage provision, known as Section 6, went into effect on October 24, 1938, and it established a minimum wage of 25 cents per hour. Since then, the federal minimum wage has been periodically adjusted through legislation. The Fair Labor Standards Act (FLSA) is a federal law that protects workers' rights by ensuring that they receive a fair wage and are not exploited.
The FLSA requires employers to pay employees the federal minimum wage, which is currently $7.25 per hour, and to pay overtime pay for hours worked over 40 hours per week. The FLSA also regulates child labor and establishes standards for record-keeping and work-related safety and health.
The FLSA covers most private sector employers and their employees, as well as federal, state, and local government employees. The FLSA, however, does not apply to certain groups of workers, such as independent contractors, volunteers, and employees of small businesses.
In addition, some states have enacted their own minimum wage laws that are higher than the federal minimum wage, and employers in those states must pay their employees at least the higher state minimum wage.
In conclusion, the U.S. Federal minimum wage was first established by the Fair Labor Standards Act (FLSA) in 1938, and it continues to protect workers' rights by ensuring that they receive a fair wage and are not exploited. So, the correct answer is fair labor standards act. Option A.
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value ventures, inc., contracts to buy umbrage corporation's assets. umbrage breaches the contract. value files a suit against the corporation, seeking various remedies. the doctrine of election of remedies has been eliminated in contracts involving sales of
In contracts involving sales of goods, "the doctrine of election of remedies has been eliminated". The given statement is true about the doctrine of election of remedies.
What are the election of remedies?Election of remedies is a legal concept that allows a party who has suffered harm to choose between different remedies to compensate for the damage done to them. It essentially enables the party to choose from different types of damages they may pursue when they have suffered an injury or breach of contract.In contracts involving sales of goods, the doctrine of election of remedies has been eliminated.
The Uniform Commercial Code (UCC) provides that in contracts that involve the sale of goods, the doctrine of election of remedies is not applicable. Instead, the UCC allows a party to pursue any remedy that is available under the Code. The UCC permits a buyer to seek remedies that are based on both contract and tort law, and the buyer is free to choose the remedy that best suits their needs. The Code provides the following remedies for buyers: Acceptance and keep the goods, Reject the goods and obtain a refund, Reject the goods and obtain a replacement.
The doctrine of election of remedies has been eliminated in contracts involving sales of goods under the UCC. The buyer is free to pursue any remedy available under the Code.
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a company has net sales of $795,800 and cost of goods sold of $574,800. its net income is $28,030. the company's gross margin and operating expenses, respectively, are:
The company's gross margin is $795,800 - $574,800 = $221,000 and the company's operating expenses are $221,000 - $28,030 = $192,970.
In more detail, the gross margin represents the total revenue that is left over after paying for the cost of goods sold. This amount can then be used to pay for other expenses associated with operating the business, such as advertising, payroll, and rent. Operating expenses are the costs that are incurred by the company in order to run the business on a daily basis. This includes all expenses related to running the business, such as employee wages, supplies, and taxes.
The gross margin and operating expenses are both important figures when it comes to understanding a company's financial health. By knowing these numbers, one can make informed decisions about the company's operations and how they are performing financially.
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capital budgeting includes which of the following? i. determining the amount of cash needed on a daily basis to operate a firm ii. identifying assets that produce value in excess of the cost to acquire those assets iii. evaluating the size and timing of future cash flows from a project iv. evaluating the risks associated with a proposed project
Capital budgeting includes identifying assets that produce value in excess of the cost to acquire those assets, evaluating the size and timing of future cash flows from a project, and evaluating the risks associated with a proposed project. Options 2, 3 and 4 are correct.
Determining the amount of cash needed on a daily basis to operate a firm is part of working capital management, which focuses on managing the day-to-day cash flow needs of a business. Capital budgeting, on the other hand, is a strategic process that involves assessing and selecting long-term investment opportunities that are expected to generate positive cash flows and create value for the business.
The main goal of capital budgeting is to identify investment opportunities that are expected to generate returns that exceed the cost of capital, which is the cost of obtaining the funds necessary to finance the investment. To achieve this goal, capital budgeting typically involves several steps, including:
1. Identifying potential investment opportunities: This involves evaluating the merits of different investment opportunities and selecting those that are most likely to generate positive returns.
2. Estimating the expected cash flows: This involves forecasting the size and timing of the expected cash flows from the investment over its useful life.
3. Evaluating the risks associated with the investment: This involves assessing the likelihood and potential impact of various risks that could impact the investment's performance.
4. Calculating the net present value (NPV) or other financial metrics: This involves using financial models to calculate the NPV, internal rate of return (IRR), or other financial metrics that can be used to assess the investment's potential returns and compare it to other investment opportunities.
Overall, capital budgeting is an important process that helps businesses to allocate their resources effectively and make strategic investment decisions that create value and generate positive returns over the long term. Options 2, 3 and 4 are correct.
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