2. the production function and economic growth the production function of a hypothetical economy is: q
Answers
Suppose the hypothetical economy's real GDP moves from point A to point B in the graph below, based on the production function Q = T (L,K), Hence:
location of point B is most likely at: Q2 = 0.5 (4,6) (C)This condition is plausibly caused by the rise of the amount of capital such as inreasing interest rates (C) which could attract more public and private investment and provide more capital for the economy.The production function demonstrates the relationsip between the amount of productive factors to the amount of output produced. The production factors are consisted of labor level, technology level, and capital level. The production function could measure an economy's marginal productivity of a particular factor.
Based on the case, we know that the production function of the hypothetical economy is:
Q = T(L,K)
We have point A with position Q = 0.5 (4,5). Point B is located right above the point A. This information shows that the amount of output at point B is higher than point A. However, point B is located in line with point A in the X-axis. It shows that the amount of labor in both scenarios stay the same.
This analysis could eliminate few options we have, and come into the right answer for point B's location where Q2 = 0.5(4,6) (C).
The movement of point A to point B, shows that there is an increase in the output of products in the economy. However, the straight vertical position of both points demonstrates the equal x-axis position. Knowing that the x-axis represents the labor force level, we could conclude that the amount of labor force level in both scenario did not change.
We need to find another reason why there is an increase in output when there is no change happen in the labor force level. Using the production function concept, we know that the labor force level is not the only production factor that could impact the output level. There are technology and capital factors as well.
However, considering the production function of both points, we notice that the only change happened in the capital factor. There are some scenarios caused the increase in the capital factor of an economy, such:
Increase in the interest rate. This condition may encourage public and private sector to save and invest more money to bank. Those money then could be lend to manufacturer to generate the production in a form of capital.Lower depreciation rate may encourage public and private sector to purchase and invest more in property and other fixed assets which allow bank to receive more money to be offered as loan for manufacturer use as capital.Learn more about Production Function here: https://brainly.com/question/14041523
#SPJ4
Complete Question
The production function of a hypothetical economy is:
Q = T(L,K)
The Q stands for real GDP; the T stands for the technology coefficient; the L stands for labor, and the K stads for capital. The graphical representation of this production function is given as follows.
Suppose that the economy is currently at point A, where:
Q1 = 0.5 (4,5)
Now suppose the economy moves to point B on the graph. Which of the following expression is most likely to represent the new real GDP?
a. Q2 = 0.5 (5,5)
b. Q2 = 0.5 (3,5)
c. Q2 = 0.5 (4,6)
d. Q2 = 0.5 (4,4)
Which of the following could plausibly cause the change you just observed?
a. A fall in interest rates
b. A fall in labor taxes
c. A rise in interest rates
d. A rise in labor taxes
Related Questions
Three scatter diagrams are given below. How many of the diagrams present data that can be described by a linear relationship and, therefore, justifiably summarized by the correlation coefficient?
a. Plot A
b. Plot B
c. Plot A and Plot B
d. Plot A and Plot C
d. Plot A and Plot C
Answers
Plot A and C can be described by a linear re-lationship and, therefore, justifiably summarized by the correlation coefficient.
The correlation coefficient is a measure of the statistical correlation or association between two variables, in numerical terms. Two columns of a given data set of observations, also known as samples, or two parts of a multivariable random variable with a known distribution can act as variables.
There are several types of correlation coefficients, each with its own definition, field of application, and characteristics. As analytical tools, correlation coefficients have significant drawbacks, such as the tendency for some types to be skewed by outliers and the abuse potential to infer causal re-lationships between variables.
The correct option is D.
The above question is incorrect, the correct question is-
Three scatter diagrams are given below. How many of the diagrams present data that can be described by a linear re-lationship and, therefore, justifiably summarized by the correlation coefficient?
a. Plot A
b. Plot B
c. Plot A and Plot B
d. Plot A and Plot C
To know more about Correlation coefficient here-
https://brainly.com/question/15577278
#SPJ4
"tuition at state university this year is $8,000. " which function of money does this statement best illustrate?.
Answers
This is best demonstrated by the unit of account forThis year, state university's stated tuition is $8,000 each semester.
Which SUNY has the best reputation?
As per U.S. News & World Report, which included Binghamton University in its yearly lists of top universities for more than three decades, Binghamton University is indeed the top-ranked SUNY for value.
Is ASU a reputable college?
according to a poll of more than 160,000 students, a top university in the United States for undergraduate education is listed in "The Best 388 Colleges 2023."The university was hailed by students for its "innovation," "capacity to tailor every student's experience," and "endless
To know more about State university Ranking visit:
https://brainly.com/question/14404430
#SPJ4
the two dollar store has a cost of equity of 12.9 percent, the ytm on the company's bonds is 5.2 percent, and the tax rate is 25 percent. if the company's debt-equity ratio is .64, what is the weighted average cost of capital?
Answers
If the tax rate is 25 percent. if the company's debt-equity ratio is .64, The weighted average cost of capital is 9.39%.
How to find the Weighted average cost of capital?Using this formula to find the weighted average cost of capital
Weighted average cost of capital = (bonds × (1 - tax rate) ] × (debt -equity ratio / (1+ debt equity ratio) + Cos to equity × (1/ debt-equity ratio)
Let plug in the formula
Weighted average cost of capital =[0.052 × (1-0.25) ]× (.64/1.64) + 0.129 × (1/1.64)
Weighted average cost of capital =[0.052 × (.75) ]× (.64/1.64) + 0.129 × (1/1.64)
Weighted average cost of capital =[0.039 × 0.39024 ]+0.0787
Weighted average cost of capital =0.01522 + 0.0787
Weighted average cost of capital =0.0939× 100
Weighted average cost of capital =9.39%
Therefore the Weighted average cost of capital is 9.39%.
Learn more about Weighted average cost of capital here:https://brainly.com/question/8287701
#SPJ1
Kitchen-Rite believes that by producing its small appliances in Canada, they can take advantage of lower wage rates in that country. By pursuing such a strategy, Kitchen-Rite hopes to realize
D) location economies.
Answers
Production of goods under the most optimum conditions can provide an additional cost advantage over competitors. This is referred to as the Location Economy.
In economics and geography, location theory is a theory concerned with the geographic location of economic activity; it has become an integral part of economic geography, regional science, and spatial economics. What economic activities are located where and why is addressed by location theory.
Economic activities can be located on a broad scale, such as a region or metropolitan area, or on a more specific scale, such as a zone, neighborhood, city block, or individual site. Over the plain, transportation costs are only proportional to the distance traveled and the volume shipped.
To learn more about location economies, please refer:
https://brainly.com/question/2824360
#SPJ4
true or false: based on the fact that both carlos and deborah increased production from the initial cartel quantity, you know that the output effect was larger than the price effect at that quantity.
Answers
The answer is false. The cost of a good or service in a market determines the quantity that customers want. When non-price factors are eliminated from the equation.
It is evident that higher prices cause a decrease in the quantity demanded while lower prices cause an increase in the quantity demanded. the effect that a change in value has on the market's customers demand for a given good or service. The substitution impact plus the income effect make up the pricing effect. The quantity effect is the drop in revenue as a result of the decrease in quantity required brought on by the price rise.
To learn more about price, click here.
https://brainly.com/question/19091385
#SPJ4
which of the following terms best describes a day trader? A. speculative long-term
B, perspective money market C. maker buy-and-hold D. mentality illegal gambler
Answers
The term which best describes a day trader is speculator, So, the correct option is (a).
A speculator tries to outperform conventional longer-term investors by using tactics and often a relatively short time horizon.The process that speculator perform is known as speculation. Speculators assume risk in the hopes of earning profits that are substantial enough just to outweigh the risk, particularly when predicting the future price changes.
Excessively risky traders often don't endure very long. By using a variety of tactics, including investing in stocks, stop - limit orders, and tracking the data of their trading success, speculators can minimize long-term risks. Speculators are often experienced risk-takers who have understanding of the market they are trading in. Generally, speculator assumer too much risk in the process of speculation.
Learn more about speculation here:
https://brainly.com/question/852688
#SPJ4
remuneration for referrals affects the quality of patient care by encouraging physicians to order services or supplies based on profit rather than the patients’ best medical interests, and is what? a. encouraged under the aca b. discouraged c. legal if done properly with a contract d. illegal
Answers
Payment for referrals is a form of compensation that affects patient care by incentivizing doctors to place orders for goods and services based on their ability to make a profit.
What aspects affect the payments made to physicians for their services and procedures?Reimbursement-Related Factors
policy type for insurance. The patient's insurance may be paid for by a privately run insurance plan or a publicly sponsored program like Medicare. . the nature of the disorder, the person conducting the evaluation, the necessity of the medical care, and the length of the treatment.
Do doctors gain from recommendations?A hospital makes an average of $2.13 million a year from admissions, referrals, and other services provided by a primary care physician, according to a Merritt Hawkins revenue survey.
To know more about compensation visit:
https://brainly.com/question/13755469
#SPJ4
Alexander Rocco Corporation, a large real estate management company in Maui, Hawaii, has contracted your computer consulting company to perform a penetration test on its computer network. Penetration testers are hired to attack an organization’s network, determine what vulnerabilities are present, and provide recommendations for securing the company’s information systems. The management company owns property that houses a five—star hotel, golf courses, tennis courts, and restaurants. Claudia Mae, the vice president, is your only contact at the company. To avoid undermining your tests, you will not be introduced to any IT staff or employees. Claudia wants to determine what you can find out about the company’s network infrastructure, network topology, and vulnerabilities without any assistance from her or company personnel. Based on this information, write a report outlining the steps you should take before beginning the penetration tests. Research applicable state and federal laws, and reference them in your report.
Answers
Federal law, (Legal Definition), A physique of law at the easiest or country wide stage of a federal government, consisting of a constitution, enacted laws and the court docket choices pertaining to them.
What are 5 examples of federal powers?These enumerated powers include, amongst other things, the strength to levy taxes, modify commerce, establish a uniform law of naturalization, set up federal courts (subordinate to the Supreme Court), set up and hold a military, and declare war.
What is the most vital federal law?The regulation of the United States includes many ranges of codified and uncodified types of law, of which the most essential is the nation's Constitution, which prescribes the foundation of the federal government of the United States, as properly as more than a few civil liberties.
Learn more about federal laws here:
https://brainly.com/question/25912245#SPJ4on average, an investor finds that their inflation premium is 2.8%, the coc is 5%, and their expected real return is 4.2%. assuming that the investment can be repeated with a failure rate of 25%, what should the risk premium be that is applied to the project to mitigate this risk of failure?"
Answers
The risk premium would be that is applied to project to mitigate this risk of failure is 2%.
What is risk premium?The amount of excess return needed by an individual to make up for being exposed to a higher risk level is known as a risk premium. The following sections will discuss how the application affects the inputs for each of these factors as well as how the risk premium value is ultimately interpreted. Regardless of the application, the market premium might be unpredictable because both of its constituent variables can be affected separately by cyclical and abrupt changes. Risks come in a variety of shapes and sizes, including reputational, physical, and financial risks. If the risk premium can be calculated, the notion of risk premium can be applied to all of these risks in order to calculate the expected payout from those risks.
Required return = Real rate of the return + Expected Inflation premium + the risk premium
5% = 4.2% + 2.8% + Risk premium
Risk premium = 2%
To learn more about risk premium, visit:
https://brainly.com/question/28235630
#SPJ4
One management responsibility is to identify when to create _______________, not simply when to mitigate it.
Answers
One of the responsibility of management responsibility is to identify when to create conflict, not simply when to mitigate it.
The goal of conflict management is to lessen its negative effects while enhancing its beneficial effects. Enhancing learning and group outcomes, as well as effectiveness or performance in an organisational environment, are the goals of conflict management.
Conflict management is the process of recognising issues and resolving them in a fair and efficient way. The objective is to raise the likelihood of a successful conclusion while minimising any potential negative effects that may result from conflicts.
To learn more about conflict management, refer
https://brainly.com/question/17744728
#SPJ4
he nation of ASilia spent $200 million on goods and services in 2010. In 2011 the country spent $220 million on goods and services, even though output decreased compared to 2010. What happened to real GDP and nominal GDP b/n these two years
Real GDP has decreased because less is being produced. Nominal GDP has increased because more was spent on these goods and services
Answers
Because fewer goods are being created, real GDP has declined. Because more money was spent on these products and services, nominal GDP increased.
Gross domestic product (GDP) that hasn't been adjusted for inflation is referred to as nominal GDP. By reflecting the values of all the goods and services produced during the current reporting period, current price estimates of GDP are created. Nominal GDP represents the raw data in current dollars without taking inflation into account. Real GDP eliminates any distortion brought on by inflation or deflation by adjusting the numbers by fixing the value of the currency. Given that the nominal GDP is determined using current market prices, an increase in the nominal GDP suggests an increase in prices rather than a rise in the quantity of products produced. The nominal GDP rises as a result of rising inflation. Nominal refers to a statistic that is published using the currency's current value, i.e., no inflation adjustment has been made. In contrast, real GDP takes into account how an economy is affected by inflation (or occasionally deflation).
Learn more about nominal GDP here
https://brainly.com/question/8151973
#SPJ4
When choosing between two mutually exclusive projects using the payback period method for evaluating capital projects, one would choose
either project if they both are more than managers' maximum payback period.
the project that pays back the soonest if it is equal to or less than managers' maximum payback period.
the project that pays back the soonest.
neither project if they both are less than managers' maximum payback period.
Answers
If the project's maximum payback period is equal to or less than that of the managers, it will be the one that pays off the quickest.
What precisely does a lengthy payback period involve?The time frame required for an investor to achieve break-even or recover their investment's cost is known as the payback period. The investment appeal of longer repayment terms is lower than that of shorter ones.
How does the payback period rule work?The Payback Period indicates how long it takes a company to recover an investment. With the use of this kind of study, businesses can assess potential investment options and select a venture that would maximize theinvestment in the shortest time if that criteria is important to them.O
To know more about payback period. visit:
https://brainly.com/question/13978071
#SPJ4
in which of the following types of presentations does a speaker deliver the presentation without deviation and function as an expert at the end?
a monologue presentation
Answers
In a monologue presentation, the speaker follows the script exactly and concludes by acting as an authority.
What is monologue presentation?Through a presentation, a speaker imparts knowledge to an audience. Demonstrations, introductions, speeches, or speeches are frequently used in presentations to inform, persuade, motivate, inspire, or introduce a novel idea or product.
The purpose of an interior monologue is to allow the audience to witness events that would otherwise be primarily internal. A dramatic monologue, on the other hand, features one character conversing with another. Active & narrative monologues are additional categories that can be used to separate out monologues. In an active monologue, a character uses speaking to accomplish a specific objective. A character merely tells a story in a narrative monologue, which is frequently distinguished by the use of the past tense.
To know more about monologue presentation, visit:
https://brainly.com/question/12654936
#SPJ1
each time a payment is made on an installment note, the portion of the next payment associated with interest expense increases. this statement is
Answers
False, When an installment note payment is made, the portion of the next payment associated with interest expense increases.
The cost of borrowing money is referred to as interest expense. It is the fee charged by a lender to a borrower for the use of the lender's funds. Interest expense on the income statement can represent the cost of borrowing money from banks, bond investors, and other sources.
An entity's interest expense is the cost of borrowing money. On the income statement, interest expense is a non-operating expense. It denotes the interest payable on all borrowings, including bonds, loans, convertible debt, and lines of credit.
To know more about interest expense, click here.
https://brainly.com/question/14185533
#SPJ4
Which structure is the following true for? ______ have a calling mechanism involving the EIP. Both Macros and Procedures .
Neither macros nor procedures
Marcos
Procedures
Answers
The EIP is used as the calling mechanism for procedures. D is the correct response.
Describe what is EIP and ESP?The instruction pointer is called EIP. The first byte of the following instruction to be executed is where it points to (holds the address of). The stack pointer is ESP. The most recently pushed value on the stack is where it points to (has the address of). These are typical registers used in architecture.
What does EIP have to offer?The address of the instruction the kernel was carrying out when the panic occurred is the EIP value. Join the register values for the Instruction Pointer (eip register) and the Code Segment (cs register) as a pair of numbers, separated by a colon, without the leading zeros, to determine the EIP value.
To know more about Extended Instruction Pointer visit: https://brainly.com/question/29670364
#SPJ4
Suppose the multiplier has a value that exceeds 1, and there are no crowding out effects. Which of the following would shift aggregate demand to the right by more than the increase in expenditures? an increase in investment spending an increase in government expenditures an increase in net exports All of the above are correct.
Answers
The shift in aggregate demand to the right by more than the increase in expenditures is All of the above correct.
Aggregate demand, however, reveals the total sum of the marketplace for every single product and service that a financial system produces and expresses it as a complete dollar value. as an example, a rustic may want to have a mixture of demand for goods and offerings equal to $1B according to year.
A combination call is a way of looking at the complete call for goods and offerings in any economic system. it is a tool of macroeconomists, used to assist decide or expecting typical financial strength within a rustic, in a given time frame -- normally 12 months.
Learn more about aggregate demand here https://brainly.com/question/29556592
#SPJ4
You buy 45 shares of evu confectioners at $63.12 apiece. unfortunately, the company falls on hard times and you end up selling the stock for $41.20 per share. how much money did you lose? a. $1,854.00 b. $986.40 c. $1,183.68 d. $2,840.40 please select the best answer from the choices provided a b c d
Answers
The money lost due to a hard time of the stock for company is $986.4.
What is a stock?Each share of ownership in a corporation or business is referred to as stock in the context of finance. This typically entitles the shareholder to that percentage of the company's earnings, money from the sale of company assets, or voting power, allocating these normally in accordance with the amount that each stockholder has invested. Stocks are not all created equal. For instance, certain classes of stock might be issued with enhanced voting rights, without voting rights, or with a particular priority to receive profits or liquidation proceeds before or after other classes of shareholders. In order to prevent fraud, protect investors, and advance the general economy, governments typically impose very strict regulations on the buying and selling of stock, whether done privately or through stock exchanges.
Difference between selling price and cost price = 2840.4 - 1854
So, difference between selling price and cost price = $986.4
To learn more about stock. visit
https://brainly.com/question/5583697
#SPJ4
robert has a monthly income of $1,650 his monthly mortgage payment is $675 what percentage of his income
Answers
Robert spends 40.91% of his income on his mortgage.
As stated,
Robert's monthly salary is $1650.00.
His mortgage payment is $675.00 per month.
Total cost = $1650
$ 675 for the part
Fill out the formula with all of the values.
40.91% is the percentage (Approx)
What is a mortgage?
A mortgage is used when a person borrows money from a lender (bank loans) and signs an agreement in which he/she receives cash in exchange for a real estate property as a guarantee with the bank until the entire amount is repaid.
As a result, Robert spends 40.91% of his income on his mortgage.
To learn more about Mortgage:
https://brainly.com/question/1318711
#SPJ4
Full Question: Robert has a monthly income of $1,650.00. His monthly mortgage payment is $675.00. What percentage of his income does Robert spend on his mortgage?
when the regular audit leading to an opinion on financial statements discloses specific circumstances that create suspicion that fraud may exist, and the auditor concludes that the results of such fraud, if any, could not be so material as to affect the opinion, (s)he should
Answers
When the regular audit leading to an opinion on financial statements discloses specific circumstances that create suspicion that fraud may exist, and the auditor concludes that the results of such fraud.
In order to acquire a reasonable assurance that the financial statements are free of substantial misstatement, whether brought on by fraud or error, the auditor has a duty to plan and carry out the audit. This section lays out the guidelines and procedures for carrying out that duty in an audit of financial statements with regard to fraud.
Despite the fact that the focus of this section is on the auditor's consideration of fraud in an audit of financial statements, it is management's duty to develop and execute policies and procedures to prevent, deter, and spot fraud. specifies that management is responsible for implementing good accounting policies and for creating and maintaining internal controls that will, among other things, initiate, record, process, and report transactions (as well as events).
To know more about Auditor visit:
https://brainly.com/question/28963221
#SPJ4
T/F. If the quantity demanded for good A increases from 40 to 60 when the price decreases from $9 to $7, the absolute value of the price elasticity of demand in this price range is 1.6.
Answers
If the quantity demanded for good A increases from 40 to 60 when the price decreases from $9 to $7, the absolute value of the price elasticity of demand in this price range is 1.6. This is a true statement.
What is price elasticity, using an example?Price Elasticity of Demand =% Change in Demanded Quantity /% Change in Price For instance, the price elasticity of demand would be 1.5 if the quantity sought for a product rose 15% in response to a 10% price cut.
If a price is elastic or inelastic, how do you know?The percentage change in quantity required divided by the percentage change in price is used to compute the price elasticity of demand. Demand is seen as being elastic if the quotient is larger than or equal to one. Demand is deemed inelastic if the value is lower than one.
To know more about price elasticity visit:
https://brainly.com/question/20630691
#SPJ4
Using technology is a way for a company to give itself a competitive edge. true or false
Answers
Technological Advancement helps an organization in order to achieve its goal and provide competitive age. This statement shall be true.
What is Technological Advancement for a company ?Technology advancement aids the business sector in understanding the factors that can satisfy their clients' requirements. Effective customer understanding allows business owners to provide clients with state of art products and services with their utmost satisfaction.
Currently all the organization works around the computers will found to be a suitable example of Technological advancement which led to the flexibility and dynamicity to maximize market share among competitors.
Therefore, invention of computers, internet usage, and e-commerce through smartphones and many more which help quickly for customer services & response.
To know more about Technological Advancement for a company refer:
https://brainly.com/question/13612564
#SPJ1
executives at megacorp refuse to promote nora, and then fire her, because of a preference to have only men in top leadership positions. nora files a lawsuit against megacorp claiming sex discrimination. during the lawsuit, megacorp learns that nora had been stealing company assets for five years. a possible outcome of this information may:
Answers
A possible outcome of this information may limit the amount of damages for which the employer is liable.
What is the strict liability standard for employers?
“Strict Liability” means that the employer's liability arises regardless of the employer's own lack of knowledge or the employer's attempts to remedy the situation, such as by publishing a policy against sexual harassment.
Who is liable for discriminatory actions by an employee?
In the event that you are discriminated against in the workplace, who can you file a claim against—the person who actually discriminated against you or your employer? While in some cases those two may be the same person, if they are different, then your employer is the one who is liable for the discriminatory conduct.
To know more about Harassment visit
https://brainly.in/question/19595577
#SPJ4
The TelePizza chain, which operates in Europe and Latin America, has copied Domino's service model but maintains differentiation in terms of location. TelePizza is an example of a(n) ________.A) counterfeiterB) adopterC) clonerD) imitatorE) adapter
Answers
The TelePizza chain, which operates in Europe and Latin America, has copied Domino's service model but maintains differentiation in terms of location. TelePizza is an example of a(n) counterfeiter.
A counterfeit is an item that uses someone else's trademark without their permission. by making or selling a counterfeit, criminals are looking to profit unfairly from the trademark owner's recognition. Counterfeiting is a fraudulent imitation (a forgery) of a dependent on an emblem and product, and it's miles a serious crime. Counterfeiting has a right away impact on authorities' fees and tax sales. It has an unfavorable impact on employment too, that is skilled by using the retailers, suppliers, and supply chain.
Those counterfeit goods commonly bear the trademark of a legitimate and trusted brand, however, they were produced by means of every other party and aren't made to the specifications of the authentic manufacturer. they're frequently produced illegally and offered as an income to fund other criminal sports.
To learn more about counterfeiters visit here:
brainly.com/question/27660961
#SPJ4
which of the following statements is incorrect? a person should consider investing after having adequate insurance coverage. a person should consider investing after paying off all his/her debts. a person should consider investing after establishing an adequate emergency fund. a person should consider investing after paying off his credit cards.
Answers
a person should consider investing after having adequate insurance coverage is the incorrect option.
Why investment is important?Investing is a successful approach to use your money and possibly increase your fortune. Your money may grow in value and outpace inflation if you make wise investment decisions. The power of compounding and the trade-off between risk and return are the main reasons investment has a higher growth potential.
What are five advantages of investing?#1. You Avoid Being Overtaken by Inflation.
#2 - Investing Will Aid in Your Wealth Development.
#3 - Investing Can Get You To Early Retirement Or Retirement...
#4. Investing can help you reduce your tax liability.
#5: Invest to achieve other financial objectives.
Learn more about investing here:
https://brainly.com/question/10908938
#SPJ4
in terms of the product life cycle (plc), what happens when the product category grows and is successful?
Answers
The product category enters the growth stage when it expands and becomes profitable. This is characterized by a rise in demand, an expansion in supply, and a rise in production.
The product gains in popularity and recognition throughout the growth phase. If a product is subject to intense competition, a corporation may nonetheless decide to invest extensively in advertising. However, marketing strategies will probably focus more on how to set their product apart from competitors than on how to get their products on the market.
Based on client input, a business may potentially improve the functioning of a product. Sales and revenue increase during the product life cycle's growth phase, which has a positive financial impact.
To learn more about the product life cycle, visit the link below:
brainly.com/question/28249920
#SPJ4
A company purchased land for $95,200 cash. Real estate brokers' commission was $4,600 and $8,300 was spent for demolishing an old building on the land before construction of a new building could start. Proceeds from salvage of the demolished building was $1,100. Under the historical cost principle, the cost of land would be recorded at?
Answers
The cost of land would be recorded at $ $107,000, according to the historical cost principle.
What exactly does historical cost accounting entail?The price or worth of an asset is recorded using either historical cost accounting or mark-to-market, or fair value, accounting. Mark-to-market assesses the asset's current market value, while historical cost assesses the asset's value at its original purchase price.
All expenses related to bringing and preparing the property for the planned use are included in the cost of the land. These expenses include the purchase price as well as any associated fees or commissions. The net cost of demolishing an old structure to make room for a new one is also included in the historical cost. Net cost in this context refers to the cost of destruction minus any ancillary proceeds from the previous structure.
Although land has an endless lifespan, keep in mind that it does not depreciate.
Therefore, based on the historical cost principle, the price of the land
=$95,200 + $4,600 + $8,300 - $1,100
= $107,000
Learn more about historical cost principle: https://brainly.com/question/15566705
#SPJ4
When events generated by a random process have deviated from the population average in a short run, individuals may erroneously believe that the opposite deviation becomes more likely. This summarizes the _____.Answers:illusion of controlgambler's fallacyswitching and double switchinginherent memory bias
Answers
When events generated by a random process have deviated from the population average in a short run, individuals may erroneously believe that the opposite deviation becomes more likely. This summarizes the Gambler’s fallacy.
This fallacy is a false belief that events in the past will influence events in the future, even though they are independent of each other.
Also known as Monte Carlo fallacy, it is a belief in the influence of a sequence of events independent of each other. This fallacy occurs when someone believes that because a particular event has occurred sequentially over some time, an opposite or alternate event will happen soon.
It is a logical fallacy in which an individual believes that any past event will influence the outcome of any future event.
It is important to emphasize that this fallacy does not apply when the probability of different events is not independent.
To learn more about the Gambler's fallacy, refer:
https://brainly.com/question/24142595
#SPJ4
A manufacturer of electronic components can use its manufacturing machines to produce many different components such as semiconductors, sensors, and capacitors. In this case, the firm benefits from an economy of __, reducing overall production costs by finding multiple uses for its components and facilities.
Answers
In this case, the firm benefits from an economy of Scope, reducing overall production costs by finding multiple uses for its components and facilities.
In this question, it is stated that a company that manufactures electronic components can use its manufacturing machines to produce many different components like semiconductors, sensors, etc. In this case, the company benefits from an economy of Scope.
This means that the company tends to gain a profit from having multiple purposes for the same machines. It reduces the overall production costs by finding multiple uses for its components and facilities. This explains the scope that the company has to make a profit out of it.
To know more about the Economy of Scope, Click here:
https://brainly.com/question/13844254
#SPJ4
Assume a company's Income Statement for Year 12 is as follows: Income Statement Data Net Revenues from Footwear Sales Cost of Pairs Sold Warehouse Expenses Marketing Expenses Administrative Expenses Operating Profit (Loss) Interest Income (Expense) Pre-tax Profit (Loss) Income Taxes Net Profit (Loss) Year 12 (in 000s) $ 600,000 370,000 55,000 100,000 15,000 60,000 (12,000) 48,000 14,400 $ 33,600 Based on the above income statement data and assuming the company has 20 million shares of common stock outstanding, the company's operating profit margin and EPS were O 5.60% and $3.00 O 8.0% and $2.40. O 10.0% and $1.68. 11.7% and $1.68. 10.0% and $3.00. alle
Answers
The company's operating profit margin and EPS, given the income statement and the values therein, can be found to be C. 10.0% and $1.68.
How to find the operating profit margin ?The operating profit margin can be found by the formula:
= Operating profit / total revenue x 100 %
= 60, 000 / 600, 000 x 100%
= 10 %
The Earnings per share ( EPS ) can be found by the formula:
= Total earnings or Net income / Outstanding share volume
= 33, 600, 000 / 20, 000, 000 shares
= 1 .68
Find out more on operating profit margin at https://brainly.com/question/28560987
#SPJ1
the us bankruptcy court has exclusive federal jurisdiction over core bankruptcy proceedings and state courts have exclusive state jurisdiction over all matters not subject to federal jurisdiction, including but not limited to, divorce and adoption cases.
Answers
Yes, it is true: us bankruptcy court has exclusive federal jurisdiction over core bankruptcy proceedings, and state courts have exclusive state jurisdiction over all matters not subject to federal jurisdiction, including but not limited to, divorce and adoption cases.
Bankruptcy courts are set up to deal with the issue of bankruptcy only. Each of the 94 federal judicial districts has jurisdiction over bankruptcy proceedings, and bankruptcy cases are filed in the bankruptcy court in practically every district. By selling up their possessions to pay off their obligations or by coming up with a repayment plan, those who are unable to pay their creditors can receive a fresh start thanks to bankruptcy rules. The High Court is extremely qualified to handle these claims, so the parties can rest easy knowing their case is in capable hands.
There may be other options for debt recovery depending on the type of transaction, such as the Rental Housing Tribunal or an Ombudsman.
Learn more about bankruptcy here: https://brainly.com/question/26392690
#SPJ4