Complete/Correct Question:
In How Economics Saved Christmas, economist Art Carden retold the Dr. Seuss story of the Grinch who hated Christmas and stole the decorations, food, and presents from neighboring Whoville. Complete this passage from Carden's poem:
He reached for his textbooks; he knew what to do
He'd fight them with ideas from A.C. Pigou
This idea has merit, he thought in the frost
A ____ that was equal to _____ cost
A) subsidy, social
B) subsidy, private
C) tax, total
D) tax, external
Answer:
D. tax, external
Explanation:
He reached for his textboks; he knew what to do
He'd fight them with ideas from A.C. Pigou
This idea has merit, he thought to in the frost
A tax that was equal to external cost
Cheers
Q 9.42: A plant asset was purchased on January 1 for $80,000 with an estimated salvage value of $20,000 at the end of its useful life. The current year's Depreciation Expense is $10,000 calculated on the straight-line basis and the balance of the Accumulated Depreciation account at the end of the year is $20,000. The remaining useful life of the plant asset is ________ years.
Answer:
4 years
Explanation:
For calculation of remaining useful life of the plant asset first we need to find out the Straight Line Depreciation (annual), useful life and life end which is shown below:-
Straight Line Depreciation (annual) = (Cost – Salvage Value) ÷ Useful Life
$10,000 = ($80,000 - $20,000) ÷ Useful Life
$10,000 × Useful Life = $80,000 - $20,000
Useful Life = ($80,000 - $20,000) ÷ $10,000
Useful Life = 6 years
Life ended = Accumulated Depreciation ÷ Annual Depreciation
= $20,000 ÷ $10,000
= 2 years
Remaining Useful Life = Useful life - Life ended
= 6 years - 2 years
= 4 years
Consider the following payoff matrix facing two criminals. A: Confess A: Not Confess B: Confess A: 20yrs, B: 20yrs A: 50yrs, B: 2yrs B: Not Confess A: 2yrs, B: 50yrs A: 10yrs, B: 10yrs Their options are to confess or not to confess. Given this information:
Answer:
Both A and B have dominant strategies
Explanation:
Consider 2 players "A" and "B" in the specified game. Here, row player is "B" and column player is "A." If "B" chooses "Confess" then "Not Confess" is the optimal choice for "A," because 50 > 20, likewise if "B" chooses "Not Confess," then "Not Confess" is the optimal choice for "A," as 10 > 2. Therefore, we can see that the "Not Confess" is the dominant "A" strategy Similarly we can prove that the prevailing technique for "B" is "Not Confess" too.
Hence, we can see that both player 's approach is successful and from the above explanation, the 2nd option is correct.
You have just determined the actual number of workstations that will be used on an assembly line to be 8 using the assembly-line balancing procedure. The cycle time of the line is 600 seconds and the sum of all that tasks required on the line is 60 minutes. Which of the following is the correct value for the resulting line's efficiency?
a) 0.00125
b) 0.5
c) 0.650
d) 0.750
e) 0.835
Answer:
d) 0.750
Explanation:
The computation of the correct value for the resulting line's efficiency is shown below:
Efficiency = All task times sum ÷ (Actual number of workstations × cycle time)
where,
All task times sum is 60 minutes
The Actual number of workstations is 8
And, the cycle time is
Since 600 seconds = 10 minutes
And 1 minute = 60 seconds
So, the cycle time would be
= 600 ÷ 60
= 10 minutes
Now placing these values to the above formula
So, the resulting line's efficiency is
= 60 ÷ (8 × 10)
= 60 ÷ 80
= 0.750
The diminishing marginal utility effect states that as more of an item is consumed and the amount of additional satisfaction decreases, the seller must ________ price to induce the consumer to buy more.
Answer: decrease
Explanation: Marginal utility could be explained as the extra satisfaction derived from the consumption of one extra unit of an item. However, as consumption increases, the extra satisfaction (marginal utility) begins to decline. At this point, the demand for such product or item will tend to fall or drop due to the decline in satisfaction. When this happens, reduces the price of such item becomes paramount in other to fight the decline in demand of the product and induce consumers to buy more.
Tony borrrows $20 000. He aggrees to repay this loan with 15 equal annual payments with the first payment to commence at the end of 5 years. The annual effective rate of interest on the loan is 4%. calculate the amount of annual payments
Answer:
The amount of annual payments is $2,400.
Explanation:
Given that Tony has obtained a loan for $ 20,000 at an interest rate of 4% per year, and that he has agreed to pay said loan from 15 annual payments beginning after the end of 5 years, we can say that said interest rate will apply to 20 years (the initial 5 without payment, plus the 15 in which Tony will make annual payments). Thus, a final interest of 80% should be applied to the initial sum, which arises from the multiplication of the years by the annual interest rate (20 x 4).
Thus, to the initial amount of $ 20,000 will be added an interest of $ 16,000 (20,000 x 0.8), totaling an amount to be paid of $ 36,000. Then, since that amount will be paid in 15 annual payments, each of those payments will be made for a value of $ 2,400 (36,000 / 15).
TooEarly, Inc. is a calendar year corporation. On January 3rd of the current year at the request of TooEarly management, Grand Slam Inc., TooEarly's only corporate shareholder, sells all its shares of TooEarly stock to Bill Brady, an individual. On January 5th of the current year TooEarly files for S corporation status. What is the first year TooEarly will be eligible for S corporation treatment
Answer:
Next year
Explanation:
Since in the question, it is given that the only the corporate shareholder sells all of its shares to Bill Brady who is an individual and on the current year too early filed the S corporation status
Now the TooEarly will be eligible for the next year as the TooEarly has a non-qualified shareholder but the S corporation treatment is available for the following year
If the average amount of time a product goes without failing decreased by some amount, that product's availability could nevertheless be maintained at previous levels by __________ its __________.
Answer: reducing; time required for repair
Explanation:
The options to the question are:
A. increasing; reliability
B. reducing; time required for repair
C. reducing; reliability
D. reducing; reparability
E. increasing; time required for repair
If the average amount of time a product goes without failing decreased by some amount, that product's availability could nevertheless be maintained at previous levels by reducing its time required for repair.
When the time required for repair is reduced or at a minimal level, this will ensure that the product is always available.
Erin works for a dry-cleaning company that has a contract with the U.S. government. To save on cleaning fluid, her boss orders her to wash some clothes that are supposed to be dry-cleaned in a washing machine. When the courier hired to pick up the cleaned garments arrives, Erin tells him about her boss' actions. Erin tells no one else about what is going on and is later fired. Erin:
Answer: Erin is not protected by whistleblower statute
Explanation:
From the question, we are informed that Erin works for a dry-cleaning company that has a contract with the U.S. government and that in order to save on cleaning fluid, her boss orders her to wash some clothes that are supposed to be dry-cleaned in a washing machine.
We are further told that when the courier hired to pick up the cleaned garments arrives, Erin tells him about her boss' actions but Erin tells no one else about what is going on and is later fired.
This shows that the whistleblower statute didn't protect Erin because of her failure to inform the main party that was affected of the contract violation
Select all that apply GAAP and IFRS rules ______. require that the same method be used for both internal and external segment reporting create incentives for companies to use the contribution margin format in segment reporting require segmented financial data be included in annual reports create problems in reconciling internal and external reports
Answer:
The correct options are "A, C, and D".
Explanation:
GAAP becomes regarded as a relatively 'rules-based' management framework, seems to be the accounting technique used throughout the United StatesIFRS becomes quite 'principles-based', although this would be the accounting framework used in more than 110 countries throughout the globe.These allow the same approach being used for international and domestic section reporting, which generate reconciliation issues.
1. The design and management of seamless, value-added processes across organizational boundaries to meet the real needs of the end customer is called A. demand management. B. distribution channel management. C. supply chain management. D. logistics management.
Answer:
C. supply chain management.
Explanation:
The term that is being described is known as supply chain management. In other words, this term refers to the management of the flow of goods and services as well as all the processes involved in transforming raw materials into the final product. This is used by many large corporations in order to streamline the supply side activity in order to try and gain a competitive advantage in the marketplace.
Organizational culture refers to:_________.
a. the personal moral and ethical codes of ethics of its top management.
b. a written statement expressing its goals and objectives to be achieved through enacting a comprehensive strategic plan.
c. the fundamental, passionate, and enduring principles that guide its conduct over time.
d. the ethos of an organization that excludes its core values.
e. a set of values, ideas, attitudes, and norms of behavior that is learned and shared among the members of an organization.
Answer:
e.A set of values,ideas,attitudes and norms of behaviour that is learned and shared among the members of an organisation.
Organizational culture refers to a set of values, ideas, attitudes, and norms of behavior that is learned and shared among members of organization. The appropriate response is option E.
What is Organizational culture?The general definition of organizational culture is all of a company's beliefs, values, and attitudes, and how these affect how its people behave. Whatever it's like for a customer to purchase from a business or for a supplier to cooperate with it is influenced by culture.
The definition of organizational culture pertains to the structure, values, sociology, and psychology of an organization, such as a business or non-profit. Philosophy, beliefs, expectations, and experiences are a few examples of organizational culture.
Hence, the appropriate response is option E.
To learn more about Organizational culture
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A master budget ________. A. is only prepared for manufacturers as they are the only type of company with material purchases and work−in−process accounts. B. improves companies' market capitalization and evolves from both the investing and financing decisions C. is another name given to the financial budget D. is the initial plan of what the company intends to accomplish in the period and evolves from both the operating and financing decisions
Answer:
D. is the initial plan of what the company intends to accomplish in the period and evolves from both the operating and financing decisions.
Explanation:
Brayden is a general partner in a four-member limited partnership with two general and two limited partners. The partnership is silent with regard to the duration of the partnership, and Brayden wishes to retire.
A) Brayden may withdraw at any time, and the partnership continues.
B) Brayden must give six months' notice before being permitted to withdraw.
C) The other general partner and the limited partner with the largest liability must agree to his withdrawal.
D) The court must grant permission for Brayden to withdraw since the agreement was silent and the other partners and third-party customers of the partnership must be protected.
Answer:
A) Brayden may withdraw at any time, and the partnership continues.
Explanation:
A partnership is defined as a business venture where two or more people decide to pool their resources together in a business to achieve a particular objective.
Partnerships can be a complex relationship between participants where conflict may rise. To curtail this an agreement is usually written that states conditions for withdrawal, percentage of ownership, division of profit and loss, length of partnership, and partner authority.
In this scenario the partnership is silent on the duration of the partnership, so Brayden may withdraw at any time and the partnership will continue
Background Info: Tom finds a second personal loan option. This loan would also require him to repay the principal in one lump sum after three years.
Loan Option B
Principal: $9,000
Type of Interest: Compound Interest
Interest Rate: 8%
Rate of Accrual: Once per year
Use the formula for annual compound interest.
A = P (1 + StartFraction r Over n EndFraction)nt
Remember, A refers to the total amount owed.
Calculate the total amount that Tom would repay.
$10,337
$11,337
$12,337
$13,337
Answer: $11,337
Explanation:
Given formula for annual compound interest.:
[tex]A=P(1+\dfrac{r}{n})^{nt}[/tex]
Given: Principal(P): $9,000
Type of Interest: Compound Interest
Interest Rate(r): 8% = 0.08 [In decimal]
Rate of Accrual: Once per year , i.e. n=1
Time (t)= 3 years
Put all the values in the above formula , we get
[tex]A=9000(1+\dfrac{0.08}{1})^{1\times3}\\\\=9000\left(1.08\right)^{3}\\\\= 9000(1.259712)\\\\\approx\$11,337[/tex]
Hence, the total amount that Tom would repay : $11,337
Answer:
option B
Explanation:
A multiple-channel queuing system with a Poisson arrival rate and exponential service time has an average arrival rate of four customers per hour and an average service time of 18 minutes per customer. The minimum number of servers required to avoid an overloaded system is
Answer:
1.2
Explanation:
The computation of the minimum number of servers required to avoid an overloaded system is shown below:-
Average service time = Average service time ÷ number of minutes in a hour
18 min = 18 ÷ 60 per hr
= 0.3 hr per customer
Now for four customers, it would be
min servers = 4 × 0.3
= 1.2
So, the correct answer is min servers = 2 as servers cant be in fractions
Therefore we have applied the above formula.
You purchase a new car for $33,333. What is the outstanding balance on the loan after you make the second payment if you have a 5-year loan with monthly payments and an interest rate of 7.84% (compounded monthly)? (Round your answer to the nearest integer)
Answer:
$32,419
Explanation:
I prepared an amortization schedule using an excel spreadsheet. The monthly payment is $673.32:
year beginning scheduled principal interest ending
balance payment balance
1 $33,333 $673.32 $456 $218 $32,877 .45
2 $32,877 $673.32 $459 $215 $32,418.91
The outstanding balance after the second payment = $32,418.91 ≈ $32,419
Q 8.14: The financial statements of the Imagine Company report net sales of $1,000,000 and accounts receivable of $700,000 and $300,000 at the beginning of the year and end of year, respectively. What is the accounts receivable turnover for the Imagine Company
Answer:
2 times
Explanation:
The computation of accounts receivable turnover is shown below:-
Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable
where,
Net credit sales is $1,000,000
And, the Average accounts receivable is
= (Accounts receivable, beginning of year + Accounts receivable, end of year) ÷ 2
= ( $700,000 + $300,000) ÷ 2
= $500,000
Accounts receivable turnover = Net sales ÷ Average accounts receivable
= $1,000,000 ÷ $500,000
= 2 times
The listening gap is understood to be the difference between ________. Group of answer choices A. The speed of sound and the speed of reception B.A customer explaining a problem and a customer service representative understanding it C.The speed at which the brain can comprehend communication and the speed at which the average adult speaks D.The speech rate of 125 to 150 words per minute and the thought rate of 80 to 100 words per minute
Answer: the speed at which the brain can comprehend communication and speed at which the average adult speaks
Explanation:
Listening is a primary skill that is used by most individuals to gather information.
The listening gap is understood to be the difference between the speed at which the brain can comprehend communication and speed at which the average adult speaks.
In the long run, monopolistically competitive firms: Group of answer choices charge prices equal to marginal cost have excess capacity produce at the minimum of average total cost have excess capacity and produce at the minimum of average total cost
Answer:
have excess capacity
Explanation:
As we know that in the case of monopolistically competitive firms, the output produced is less efficient as compared to the other market in the long run
Also
P = ATC
But
ATC > ATC or ATC > MC
This ATC > MC arise when there are differentiated products due to which the demand curve is downward sloping
Hence, the second option is correct
Consider two perfectly negatively correlated risky securities A and B. A has an expected rate of return of 10% and a standard deviation of 16%. B has an expected rate of return of 8% and a standard deviation of 12%. What is the weight of Security A in the global minimum variance portfolio? Format your answer as a percent to 2 decimal places. (e.g. XX.XX% do not show % sign)
Answer:
0.43
Explanation:
The computation of the weight of Security A for the minimum variance portfolio is shown below:
Weight of security A is
= (Standard deviation of Security B) ÷ (Sum of the standard deviation of securities)
= (12%) ÷ (16% + 12%)
= (12%) ÷ (28%)
= 0.43
We simply applied the above formula so that the weight of Security A
In a producer/consumer relationship, the ________ portion of an application generates data and stores it in a shared object, and the ________ portion of an application reads data from the shared object.
A) consumer, producer
B) producer, consumer
C) outputter, inputter
D) None of the above.
Marcus is a self-employed marketing consultant. He is good at helping his clients with their marketing challenges; however, he is not keeping up with billing his clients regularly or keeping track of his hours. He feels like the time he spends on these functions is taking him away from activities where he has more talent and ability. His small business needs to bill clients quickly to keep the business running. What would you recommend Marcus do?
Answer:
To outsource the accounting function to another firm.
Explanation:
Outsourcing: Outsourcing refers to a process in which the business is able to perform its work with the help of an outside firm that means they provide the work to the other firm so that the company could able to save the cost and time
Since in the question it is given that Marcus spending much time and away him from that work where he has more talent and ability. So to fulfill the business needs the outsourcing option is the best recommended.
Which subjects does the Aspire test assess?
Answer:
five subject areas: English, mathematics, reading, science, and writing
There is a flexible exchange rate system and only two countries in the world, the United States and Mexico. If the inflation rate in the United States rises relative to the inflation rate in Mexico, it follows that:________.
Answer: If the inflation rate in the United States rises relative to the inflation rate in Mexico, it follows that: depreciation in the US dollars in terms of pesos.
Explanation:
Inflation is a rate at which the mean price level of a group of selected goods and services in an economy increases over a period of time.
A rise in inflation means that the cost of raw materials increases. Then, workers demand higher wages to survive with the higher cost of living. This rise in prices can also cause greater volatility and uncertainty.It cause the depreciation of the value of currency.If the inflation rate in the United States rises relative to the inflation rate in Mexico, it follows that depreciation in the value of US dollars in terms of pesos.
[Currency of Mexico = pesos]
Georgia was supposed to pay her premium by the 15th of the month. Which of the following provisions allows her to keep her coverage if she is a couple of weeks late with paying her premium (without penalty)?
a) Incontestability clause
b) Misstatement of age provision
c) Naming a beneficiary
d) Policy reinstatement
e) The grace period
Answer: The Grace period
Explanation:
From the question, we are informed that Georgia was supposed to pay her premium by the 15th of the month. The provision that allows her to keep her coverage even though she is a couple of weeks late with paying her premium without penalty is referred to as the grace period.
The grace period is a period of time which is after the due period of an obligation whereby a late fee or a penalty is waived. In this case, Georgia was in her grace period.
When Dave, Dan, and Darwin lost their jobs during the recent recession, they pooled their resources, borrowed a little more, and bought a couple of houses to renovate. Darwin was a single guy with two other residential properties that he rented out. Dan and Dave had families with college-age children; they owned their homes, and Dan had a wife who worked at a professional job. All three were concerned about the risk involved in owning their own business, particularly the risk of losing personal assets. As their advisor, which of the following forms of business ownership would you recommend?
a) Limited liability company
b) Sole proprietorship
c) General partnership
d) Master limited partnership
Answer:
a) Limited liability company
Explanation:
Limited liability company is one of the specific types of business structure that is followed in the United States. This structure excludes the partners or the owners to possess the liabilities of the debts and liabilities of the company. This will help the partners limiting the liabilities. An agreement is made which helps in the protection of the liabilities. The owners' personal assets are separated from the asset of the company thereby reducing the debts and liabilities.
In the given excerpt, the best advice to be given to the partners, Dave, Dan, and Darwin as an advisor would be to adopt a limited liability company. This would help them not to keep their personal assets in stake for their business.
Galena is a new agent for a financial services company. She decides to join the local chamber of commerce, the local association of businesswomen, and the local chapter of the United Way organization. Galena is attempting to use
Early settlers in the town of Dry Gulch drilled wells to pump as much water as they wanted from the single aquifer beneath the town. (An aquifer is an underground body of water.) As more people settled in Dry Gulch, the aquifer level fell and new wells had to be drilled deeper at higher cost. The residents of Dry Gulch will overuse water relative to the social optimum because:___________.
a. each resident will fail to adequately consider the external cost of his or her own water use
b. water is a scarce resource
c. each resident will fail to adequately consider the external benefit of his or her own water use
d. the marginal cost of water is increasing
Answer:
Dry Gulch Town
The residents of Dry Gulch will overuse water relative to the social optimum because:
a. each resident will fail to adequately consider the external cost of his or her own water use
Explanation:
When individual households in Dry Gulch dig their own wells, each household will usually overuse the water because they are not paying any incremental costs except for the maintenance of the well. Again, the aquifer level around the area usually falls due to overuse and this makes it difficult for new residents to find water unless they dig deeper wells at higher costs. So, there is always some social costs (sometimes immediately external to the households) for individual households to dig their own water wells instead of community or commercial wells that will help regulate water use.
Sandra has been working for six months at TUV Technologies. During that time she has compiled an impressively long list of names, addresses, phone numbers, and products purchased by customers. To access and search through this information quickly and efficiently, she could store it in a(n) _____.
Answer:
A query is a request for the database management software to search the database for data that match criteria specified by a user.
Explanation:
NEED HELP ASAP! Which of the following graphs represents the housing market with rent control in place?
Answer:
The first graph represents the housing market with rent control fully in place. In such a housing market, rent does not get out of hand before government intervention.
Explanation:
With the first graph, t the market could not reach the equilibrium point without the rent control stopping the market forces of supply and demand from exceeding a controlled price (rent). It shows the effect of price control on the market dynamics. With a control on the price (house rent by government), a certain price is imposed on the suppliers and consumers so that they do not go above the prescribed limit. This is what obtains in a controlled economy. On the other hand, in a free market, government does not intervene with control mechanisms, instead it allows the market forces to interact, enabling aggregate production and consumption of goods and services.