A business has determined that vehicles will depreciate by $1,500 on December 31.A credit to vehicles' accumulated depreciation will be included in the entry that records this adjustment.
How is a journal entry for depreciation made?
The most fundamental journal entry for depreciation is a debit to the Depreciation Expense account, which is shown on the income statement, and a credit to the Accumulated Depreciation account, which is shown on the balance sheet as a contra account that lowers the number of fixed assets.
How are depreciation cost and accumulated depreciation recorded?
The expense of depreciation is shown as an expense or debit on the income statement, which lowers net income.On the balance sheet, accumulated depreciation is not recorded separately.Instead, it is recorded as a credit in a contra asset account, lowering the fixed asset value.
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which of the following statements is correct? group of answer choices monopolies are guaranteed to earn an economic profit. monopolies have perfectly inelastic demand for the product sold. because a monopoly is the only firm in the market, its marginal revenue curve must be the same as the market demand curve. the market demand and the firm's demand are the same for a monopoly. because a monopoly is the only firm in the market, its supply curve is the same as the market demand curve.
A monopolistic corporation must face the market demand curve because it controls the whole market. - monopolies have perfectly inelastic demand for the product sold.
A monopoly and a perfectly competitive firm's demand conditions are compared Perfect Competition Versus Monopoly." In Panel (a), the intersection of the demand and supply curves yields the equilibrium price for a firm operating in a completely competitive market. Simply adding the supply curves of various enterprises yields the market supply curve.
The portions of those marginal cost curves that are higher than the average variable cost curves make up those, in turn. A single firm's marginal cost curve, abbreviated MC, is shown. Take note of the horizontal axis' break, which shows that the amount produced by a single firm represents a trivially small fraction of the total.
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mastertech furniture company makes chairs. when walmart orders finished chairs from mastertech, it creates what type of demand on inventory?
When Walmart orders finished chairs from Master-Tech, it creates independent type of demand on inventory.
All the products, resources, and things that a company keeps on hand in anticipation of selling them to customers for a profit are referred to as inventory. In this case, just the newspaper will be regarded as inventory if the seller delivers newspapers to clients using a vehicle.
Because a business spends money on inventory, which it later sells to generate income, inventory is a form of asset. A liability may develop if inventory does not sell as rapidly as anticipated.
Inventory management's main goal is to prevent overstocking or excess inventory while making sure there are enough products or materials to satisfy demand.
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when analyzing the changes on a spreadsheet used to prepare a statement of cash flows, the cash flows from financing activities generally are affected by:
when analyzing the changes on a spreadsheet used to prepare a statement of cash flows, the cash flows from financing activities generally are affected by: cash flow
The amount that has been utilized or created through investments is shown by cashflow from investing activities. These include cashflow from the sale or purchase of non-current assets like real estate, machinery, and equipment.
The net quantity of money and money-equivalents coming into and going out of a firm is called cash flow. Positive cash flow shows that a company's liquid assets are growing, allowing it to pay off debts, reinvest in its operations, distribute profits to shareholders, cover expenditures, and act as a safety net against upcoming financial difficulties.
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sanjay, an industrial equipment sales rep, purchases a quick snack to eat on the way to work. he buys lunch while on the road visiting customers, and grabs bread and milk on the way home when he stops to buy gas. sanjay probably does most of this shopping at a
On his way to work, Sanjay, a sales agent for industrial equipment, stops for a quick snack. He makes an pit stop at the a convenience shop on the way home to purchase milk and bread before stopping for lunch while observing customers.
Which are the three subcategories of industrial?The main objective of the mining, agricultural, and fishing sectors is to get raw materials. In the secondary industry, manufacturing comprises the production of items like steel and vehicles. Tertiary industries that provide a service include teaching and nursing.
Describe an job in industrial as an example?1. Industry Sector. It includes those who actually produce goods or turn raw materials into finished or semi-finished items. The three categories of industrial occupations include
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with which type of organization did the trend toward privatization of sport facilities begin in the united states?
Professional team facilities type of organization did the trend toward privatization of sports facilities begin in the united states.
When did professional sports begin in America?
The Cincinnati Red Stockings assembled paid players from all around the nation to become the first professional club, which made its debut in 1869. From that point on, the number of professional clubs increased. In 1875, the National League and the American League were founded, respectively.
Sports complexes provide people with the tools they need to stay active all year long. Even outdoor facilities offer users court lines, netting, and smooth surfaces for gameplay. Indoor sports facilities, of course, allow you to play a sport in all weather conditions.
Therefore, The trend toward privatizing sports facilities started in the United States with the establishment of professional team facilities.
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marc and mikkel are married and earned salaries this year of $64,000 and $12,000, respectively. in addition to their salaries, they received interest of $350 from municipal bonds and $500 from corporate bonds. marc contributed $2,500 to a traditional individual retirement account, and marc paid alimony to a prior spouse in the amount of $1,500 (under a divorce decree effective june 1, 2006). marc and mikkel have a 10-year-old adopted son, mason, who lived with them throughout the entire year. thus, marc and mikkel are allowed to claim a $2,000 child tax credit for mason. marc and mikkel paid $6,000 of expenditures that qualify as itemized deductions, and they had a total of $2,500 in federal income taxes withheld from their paychecks during the year. What is Marc and Michelle’s taxes payable or refund due for the year (use the tax rate schedules) ?
If marc and mikkel are married and earned salaries this year of $64,000 and $12,000, respectively. Marc and Michelle’s taxes payable or refund due for the year is $210.
How to find the taxes payable?Gross Income: $76,500
Adjusted gross income AGI $4,000
Adjusted income $72,500
($76,500 - $4,000)
Greater standard item $25,100
Taxable income $47,400
($72,500 - $25,100)
Income tax liability $5,290
Credits ($3,000)
Prepayments ($2,500)
Taxes (refund) ($210)
Therefore the taxes payable is the amount of $210.
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assume that the standard cost to make one finished unit includes 1 hour of direct labor at $4 per hour. during october, 11,000 direct labor-hours were worked, 5,250 units of product were manufactured, and total direct labor cost was $40,000. what is the labor rate variance for october?
The labor rate variance for October is $39,820 and it is an unfavorable variance.
The labor rate variance is the difference between the actual rate and predicted labor costs. It is computed by
Labor rate variance = (Actual rate - Standard rate) x Actual hours
An unfavorable variance means that the cost of labor was higher than expected, whereas a favorable variance suggests that the cost of work was lower than planned. This data can be used in the establishment of future budgets for planning purposes.
Parameters given in the problem:
standard rate = $4 per hour
actual hours = 11,000
Since one finished unit needs 1 hour of direct labor, then
actual rate = $40,000/5,250 = $7.62 per hour
Hence,
Labor rate variance = (7.62 - 4) x 11,000 = $39,820
Since the actual rate is higher than the standard rate, the variance is unfavorable.
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Money represents anything that can be exchanged for goods and services or for the: a. return of defective goods. b. payment of debt. c. benefits of ownership. d. personal well-being of holders.
Money represents anything that can be exchanged for goods and services or for the payment of debt. Thus, option B is correct.
What is Money?
Any tangible object or indisputable account that is universally recognized as a purchase for items and services as well as the return of obligations, such as levies, in a certain nation or sociopolitical setting is referred to as money.
Any object or method of trade that is recognized by individuals as compensation for services and products or as a means of debt payments is referred to as money.
The universe revolves around money. Money is essential to nations because it enables trade and fuels financial expansion. Therefore, option B is the correct option.
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taking negative measures to shift the satisfaction level in the buyer-seller relationship may achieve long-term objectives, but may negatively affect the relationship in the short-term.
Taking negative measures to shift the satisfaction level in the buyer-seller relationship may achieve long-term objectives, but may negatively affect the relationship in the short-term True.
The layout technique and the advent of latest designs is quicker because of in advance dealer and shopping involvement. In this first, foundational step, the organization identifies all of its providers and categorizes them via way of means of their significance to the business, thereby making sure that the providers maximum vital to fulfillment get the proper quantity of attention.
The fundamental goal of deliver chain control is to make sure minimal price and most performance in each element of dealing with of uncooked material, element components and completed items as they flow from manufacturing center to the very last consumer.
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if the treasury pays a large bill to defense contractors and as a result its deposits with the fed fall, what defensive open market operations will the manager of the open market desk undertake?
When the Treasury pays a sizable bill to the defense contractors and its deposits with the Fed shrink, the manager of the open market desk will execute an open market sale of government securities.
The Federal Reserve uses open market operations (OMOs), which are central banks' Treasury purchases and sales of assets on the open market. The Federal Open Market Committee establishes the short-term goal for open market operations manager (FOMC). In most nations, the center of the financial markets is the market for government securities. It deals with tradable debt instruments that the government has issued to meet its funding needs.
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which term refers to the delivery of a completed project and its successful adoption by an organization?
When a project is delivered and successfully adopted by an organization, it is referred to as change management.
What exactly does change management entail?The transfer or conversion of an organization's objectives, procedures, or technological infrastructure is dealt with in a systematic manner through change management. The change management objective is to put strategies in place for bringing about change, managing change, and assisting individuals in adapting to change.
What are the three pillars of change management?You may solve this problem in change management by using the three-C principle. Managers need to make sure that the improvements they are making are convincing and credible.
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you bought 5 call option contracts on a stock when it is trading at $44.00. the exercise price of the call is $50 and the call was priced at $3.50. what is your profit or loss on this trade if the stock is trading at $52.00 at expiration date of the calls?
The solution:
What is your gain or loss on this transaction if the stock is trading at $52.00 on the call expiry date:
=(5*100*(52-50))-(5*100*3.50)
=-750
What is a stock?
All the shares by which ownership of a corporation or firm is split constitute stock (also known as capital stock) in the world of finance. (Stocks is another synonym for shares, especially in American English.) A single share of stock represents a percentage of the corporation's ownership in relation to the total number of shares. This typically confers the shareholder (stockholder) with the right to a certain percentage of the company's earnings, proceeds from the sale of company assets (after all senior claims, such as secured and unsecured debt, have been satisfied), or voting rights, with these rights frequently being distributed in accordance with the amount of money that each stockholder has invested. Not all stock is created equal. For instance, some classes of stock may be issued with improved voting rights, without voting rights, or with a specific priority to collect profits or proceeds from liquidation sooner or after other classes of shareholders.
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you bought 5 call option contracts on a stock when it is trading at $44.00. the exercise price of the call is $50 and the call was priced at $3.50. what is your profit or loss on this trade if the stock is trading at $52.00 at expiration date of the calls?
suppose the delta of a call is 0.75. approximately, how much will the price of the call change if the underlying stock increases in value by $1.00?
The term "delta" describes how much the price of an option will fluctuate for every $1 that the underlying stock's price changes. The call option will grow by 0.75$ if the underlying stock increases by $1. Option 5
What is the stock's price?
Generally, The cost of purchasing one individual share out of a company's total number of equity shares that are available for sale is referred to as the share price.
In terms that are more understandable to the average person, the price of a share of stock is the most money that someone is prepared to pay for that share or the least money that it can be acquired for.
The value of the delta indicates how much the price of an option will vary for every $1 change in the price of the stock that it is based on. If the underlying stock goes up by one dollar, the Call option price will go up by 0.75 dollars.
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CQ
Suppose the delta of a call is 0.75. Approximately, how much will the price of the call change if the underlying stock increases in value by $1.00?
1. $1.33
2. More Information Needed
3. $1.00
4. $1.75
5. $0.75
retail specialties just announced that its chief operating officer is retiring at the end of this month. this announcement will cause the firm's stock price to: group of answer choices increase. remain constant. either increase, decrease, or remain constant. either increase or remain constant.
Retail Specialties has announced that its chief operating officer will retire at the end of this month. The announcement could cause the company's stock price to rise, fall or remain constant.
How do you calculate your company's price?Company valuation by stock price: If a company's shares are already publicly traded, the easiest way to calculate market value is to multiply the number of shares outstanding by the current price at which the shares are sold on the relevant stock exchange.
What is a company's share price?The term stock price refers to the current price at which a stock is traded on the market. All publicly traded companies receive a price when they issue shares. This is a value attribution that ideally reflects the company's values.
Why is a company's stock price important?A company's stock price reflects investors' perception of its ability to generate profits and grow in the future. If shareholders are happy and the company is performing well, as reflected in the stock price, management is more likely to retain jobs and receive raises.
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Cultivation Theory is a critical theory because it
a. focuses on television viewing and the influence of television
b. is concerned with the way that communication perpetuates the dominance of one group over another
c. uses a causal argument
Because it is concerned with how communication upholds the dominance of one group over another, Cultivation Theory is a critical theory.
What is Cultivation Theory ?
The long-term consumption of media alters how people perceive the world and behave in daily life, according to the communications and sociological theory known as "cultivation."
According to this theory, people who are exposed to the media interpret social realities based on how those realities are portrayed in the media.
The ability of television to maintain and homogenize viewpoints within a society is an illustration of the cultivation theory. Compared to kids who don't watch commercial TV, kids who do have noticeably more sex-stereotypical views of women and men.
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which of the following is deducted from the total selling and administrative expense budget to determine the cash disbursements for selling and administrative expense budget?
The cash distribution for the selling and administrative expenditure budget is calculated by subtracting the depreciation expense from the total.
When an asset is depreciated for a specific period, the cost of the asset reflects how much of its value was used up during that year. The total amount of depreciation expenditure assigned for an asset after it was first used is known as accumulated depreciation.
Companies can recoup the cost of an item at the time it was acquired thanks to depreciation. Instead of recovering the full cost of an asset at the time of purchase, this technique enables businesses to do so during the asset's lifecycle. This enables businesses to replace current assets with the necessary quantity of income in the future.
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In the expression 2^5, what is the 2?
A. exponent
B. power
C. base
D. model
Answer:base
Explanation:
Explanation:
2 is the base while 5 is the exponent.
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which of the following market growth factors that accelerates customer demand allows customers to experiment with a new product during a hands-on trial basis?
The degree to which a new product is thought to be superior to the one it replaces in terms of satisfying customer requirements is referred to as its relative advantage.
Which of these processes is a definition of Emergent Strategy Making?Strategies that emerge as spontaneous responses to unanticipated events, serendipitous occurrences, and altered circumstances as a result of individual managers' autonomous actions.
What is an example of a new product?
Even though it may have been produced in the same form by others, a new product is one that is new to the company that introduces it.For instance, in the field of toilet soap, the various brands that each company introduces are new products because they are new to the company.
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what is the name of the computerized technique would be used to perform sentiment analysis on an annual accounting report?
The name of the computerized technique that would be used to perform sentiment analysis in an annual accounting report is text mining
What is Text Mining?It is a mathematical analysis to derive patterns and trends that exist in the data. These patterns can be uncovered by classical exploration because the relationships are very complex or because the volume of data is overwhelming.
These patterns and trends are collected and defined as a data mining model. Data Mining refers to the set of statistical methods that provide information when huge amounts of data are available.
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A shopper in a super market pushes a loaded acrt with a horizontal force of 12 n. how far will the cart move in 3.5 s starting from rest? how far will the cart move in 3.5s if the per places an 85 n child in the cart is pushing
The cart of the supermarket will move 2.296 m if per places an 85 n child in cart is pushing.
What is a supermarket?In a supermarket, customers can self-serve and choose from a variety of food, drink, and household item options. While this sort of store is bigger and has a wider selection of items than earlier grocery stores, it is smaller and provides a narrower range of products than a hypermarket or big-box retailer. Typically, the store will have fresh meat, veggies, dairy, deli foods, baked goods, etc. In addition, shelf space is allocated for canned and packaged foods as well as a variety of non-food items like cookware, pet supplies, cleaning supplies, and household cleaners. As well as selling common household things like clothing, wine, and medications, some supermarkets also carry a far wider selection of non-food items including DVDs, toys, seasonal goods, and sporting goods.
New distance=3.5*0.656=2.296m
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a firm should invest as long as the funds are available and the expected rate of return is greater than the interest rate. true false
False a firm should invest as long as the funds are available and the expected rate of return is greater than the interest rate.
What distinguishes the real interest rate that really occurs from that which is anticipated?Subtracting or calculating the difference between the inflation and nominal rates yields the actual real interest rate. By deducting anticipated inflation from the nominal interest rate, the predicted real interest rate is obtained.
What distinguishes the real return from the nominal return?Real or nominal interest rates are the two ways that interest rates can be expressed. Real rates are adjusted for inflation, as opposed to nominal rates, which are not. As a result, nominal rates are often higher, with the exception of the infrequent instances where deflation or negative inflation set in.
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ads was designed to deliver three things to every advertiser: relevance, control, and results. it provides relevance by connecting advertisers with the right people at the right time. it provides results by charging only when you get a click. how does ads provide control?
The main goal of advertising is to increase consumer awareness of the product. relevance, control, and results are designed.
What is an advertiser?
A business that makes transactions within the mobile advertising ecosystem is known as an advertiser. In mobile advertising, the advertiser is often an app or company that wants to promote a certain message about its goods. The advertiser is responsible for carrying out market research, collaborating with the sales and design teams to create targeted television ads, reviewing audiovisual ads to ensure a unified brand voice, and monitoring the success of ad campaigns to calculate return on investment and direct future marketing.
someone whose job it is to choose the price, target market, and advertising strategy in order to persuade consumers to purchase a certain company's goods. Advertising should ideally grab potential customers' attention and persuade them to use the product. Whatever the method, your company's unique positioning statement should be reflected in all of your marketing efforts.
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true or false: it does not make sense for some financial statement elements (such as goodwill or long-term debt) to be reported on a minute-by-minute basis.
True, it doesn't make sense to publish certain financial statement components (such asset or long-term debt) minute by minute.
Financial statements: what are they and examples?The records of a business's finances and operations over a specific time period are called financial statements. Financial statements display a company's financial health and success. The cash flow, cash flows, and the cash flow statement are the three primary financial statements.
Financial statements? What do you mean?Income accounts are a collection of records that demonstrate the financial standing of your business at a given period. They provide important information regarding the assets and debts of a business as well as its earnings and expenses.
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as a way to enter the foreign market, camille's company is considering purchasing a business in their target market rather than trying to build a subsidiary from scratch. they are considering a(n) blank strategy.
as a way to enter the foreign market, camille's company is considering purchasing a business in their target market rather than trying to build a subsidiary from scratch. they are considering Foreign direct investment strategy.
Foreign direct investment (FDI) is a type of cross-border investment in which a stake in and significant degree of control over an enterprise located in another country are established over time by an investor who resides in one economy.
Why is FDI crucial to economic growth?Through increasing domestic investment in host economies, FDI can support and supplement capital accumulation. However, FDI's ability to promote growth can extend beyond the acquisition of purely physical capital.
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other things the same, if reserve requirements are increased, the reserve ratio question 14 options: increases, the money multiplier increases, and the money supply increases. increases, the money multiplier decreases, and the money supply decreases. decreases, the money multiplier increases, and the money supply increases. decreases, the money multiplier decreases, and the money supply increases.
The reserve ratio, the money multiplier, and the money supply all fall as reserve requirements rise.
In the absence of additional measures, raising the reserve requirement ratio lowers the number of deposits that can be maintained by a certain level of reserves, lowers the money supply, and raises the cost of credit.
A greater reserve requirement denotes a contractionary monetary policy of the Federal Reserve. There will be less money available to lend to individuals and companies if banks have greater reserve requirements.
Lowering the reserve ratio is one way the central bank may expand the amount of money in the economy. As a result, commercial banks have more money available to lend out, which raises the amount of money in an economy.
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user-owned, nonprofit, cooperative financial institution that is organized for the benefit of its memberscredit union
A cooperative financial institution that is owned by its members and is not for profit. It is a credit union.
Because their members own and run them, credit unions are the most common type of financial cooperative.Only customers with accounts can use these financial institutions, which typically charge interest rates that are higher than the average.
What is the name of a financial institution that is owned by its members?
The people who use credit union services, or members, own and run the institutions.Every vote matters.Members elect a volunteer board of directors to run a credit union.
What does the term "cooperative credit union" mean?
Financial cooperatives known as credit unions are established by an organized group of people who share a common bond.In order to offer loans and other financial services to one another, credit union members pool their assets.
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does kraft foods bear the responsibility for the effects of their advertising on children, or does this responsibility fall mainly on the parents?
Kraft's advertising influences children's diets, but parents clearly make purchasing decisions and prepare/provide food for their children.
In order to advertise a good, service, or cause, advertising entails purchasing advertising space. Ads, as they are commonly known, are the real advertising messaging. The purpose of advertising is to persuade those who are most likely to be willing to pay for a company's goods or services to make a purchase.
A paid form of communication that promotes service, product, or brand is referred to as an advertisement. Advertisements are used by marketers to help businesses achieve their goals and increase revenue.
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the assumption that a company makes about its inventory cost flow has
a. no effect on the company's income b. statement an effect on the company's balance sheet c. an effect on the company's income statement d. no effect on the company's balance sheet
The income statement and balance sheet of a company are significantly impacted by an organization's assumption regarding its inventory cost flow.
The income statement's approximate Cost of Goods Sold and the balance sheet's value of ending inventory are both affected by the inventory cost flow assumptions.Each method of valuation has advantages, but the weighted average yields statements with the most consistent valuation.
What has an effect on the balance sheet and income statement?
Stockholders' equity on the balance sheet rises as a result of revenue and gain reports on the income statement.Additionally, stockholders' equity decreases on the income statement as a result of increases in expenses and losses.
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When the CPI goes below 1.0 or gradually gets smaller, corrective action should not be taken, the project is performing well.
When the CPI goes below 1.0 or gradually gets smaller, corrective action should not be taken, the project is performing well. False
The Consumer Price Index (CPI) is a gauge of how prices for a market basket of consumer goods and services have changed on average over time for urban consumers.
Consumer prices rise when the CPI does, and fall when it does, indicating a general decline in consumer prices. In essence, rising CPI values correspond to more inflation, while declining CPI values correspond to lower inflation or even deflation.
The project is over budget if the CPI is less than 1. Although it appears obvious, the definition above ignores the fact that the CPI will naturally fluctuate over time and that there is a reasonable range in which to anticipate this to happen.
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in the current labor market, suppose that the wage rate for accountants is significantly higher than the wage rate for economists. in the long run, if you observed that the wage rate for economists rose while the wage rate for accountants fell, which of the following would best explain your observation?
The best explanation for the increase in economist salaries and the decrease in accountant salaries must be that the supply of economists has decreased and the supply of accountants has increased. Option B is the correct answer here.
A commodity's price rises as its supply are reduced. Economist salaries increased as the number of available economists decreased. Whenever supply of something increases, the price goes down. Because of this, the salaries of accountants fell the number of available accountants increased.
This has raised concerns that these situations are self-reinforcing and could lead to wage-price spirals, long-running loops in which inflation drives higher wage growth, which in turn drives even higher inflation.
Complete question:
In the current labor market, suppose that the wage rate for accountants is significantly higher than the wage rate for economists. In the long run, if you observed that the wage rate for economists rose while the wage rate for accountants fell, which of the following would best explain your observation?
(A) The supply of economists must have increased, and the supply of accountants must have decreased.
(B) The supply of economists must have decreased, and the supply of accountants must have increased.
(C) The demand for economists must have increased, and the supply of accountants must have decreased.
(D) The demand for economists must have decreased, and the supply of accountants must have increased.
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