Soybeans and corn are both used as animal feed. (70% of Soybeans are used as animal feed, and Corn is the primary animal feed in the US.) Also, on many farms, farmers can grow either soybeans or corn. Ethanol is a fuel derived from corn. Ceteris parabus: If demand for ethanol fuel increases causing the equilibrium price of corn to increase, what will happen to the market for soybeans

Answer:

there would be a decrease in the equilibrium quantity and an increase in the equilibrium price of soybeans

Explanation:

if equilibrium price of corn increases, farmers would want to plant more corn. Due to the fact farmers  can grow either soybeans or corn, farmers would choose to grow corn. Thus the supply of soybeans would fall. this would shift the supply curve for soybeans to the left. As a result,  here would be a decrease in the equilibrium quantity and an increase in the equilibrium price of soybeans

It is important to understand your new company culture because _____. a. your boss will test you on it b. your pay will increase if you know it c. it is more ethical to know it d. it will help orient you to your workplace

Elijah, who is single, is employed as a full-time high school teacher. The school district where he works recently instituted a policy requiring all of its teachers to start working on a master’s degree. Pursuant to this new rule, Elijah spent most of the summer of 2015 taking graduate courses at an out-of-town university. His MAGI is $64,000 and expenses are as follows:
Tuition $6,600
Books and course materials 1,500
Lodging 1,700
Meals 2,200
Laundry and dry cleaning 200
Campus parking 300
In addition, Elijah drove his personal automobile 2,200 miles in connection with the education. He uses the automatic mileage method.
Click here to access Exhibit 9.1. Assume that the AGI limitations of § 222 are not exceeded.
a. Which of these expenses, if any, might qualify as deductions for AGI? Select "Yes" or "No" whichever is applicable.
Tuition (subject to limitation) SelectYesNoCorrect 1 of Item 1
Lodging SelectYesNoCorrect 2 of Item 1
Auto mileage SelectYesNoCorrect 3 of Item 1
Campus parking SelectYesNoCorrect 4 of Item 1
Books and course materials SelectYesNoCorrect 5 of Item 1
Laundry and dry cleaning SelectYesNoCorrect 6 of Item 1
Meals (subject to cutback adjustment) SelectYesNoCorrect 7 of Item 1
How much, if any, of these expenses might qualify as deductions for AGI?
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It is important to differentiate between deductible and nondeductible education expenses. In addition, deductible education expenses may be partly deducted for AGI and from AGI.
b. How much of these expenses might qualify as deductions from AGI? (Assume the amount from Part a is claimed.)??????

Comparison of two alternatives for breakeven An IE works in the automation department of a surgical equipment manufacturing company that produces specially ordered equipment for hospitals. To upgrade the quality of the assembly process of the camera used in laparoscopic surgery probes, two approaches are available: make and buy. The make alternative has an initial equipment cost of $175,000, a life of 5 years, a $25,000 salvage value, a processing cost of $3,000 per camera, and an M&O cost of $80,000. The buy alternative requires contracting the assembly operation externally at a cost of $6,750 per camera. If the MARR is 12% per year, how many cameras per year must be assembled to justify the make alternative?

Finishing Touches has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issues 100,000 shares of common stock for $24 per share. February 6 Issues 1,900 shares of 7% preferred stock for $13 per share. September 10 Purchases 12,000 shares of its own common stock for $29 per share. December 15 Resells 6,000 shares of treasury stock at $34 per share. In its first year of operations, Finishing Touches has net income of $149,000 and pays dividends at the end of the year of $94,000 ($1 per share) on all common shares outstanding and $1,330 on all preferred shares
Required:
Prepare the stockholders' equity section of the balance sheet for Finishing Touches as of December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.)

Cordner Corporation has two production departments, P1 and P2, and two service departments, S1 and S2. Direct costs for each department and the proportion of service costs used by the various departments for the month of July are as follows: Proportion of Services Used by: DepartmentDirect costsS1 S2 P1 P2 S1$66,000 0.70 0.10 0.20 S2$161,000 0.20 0.30 0.50 P1$166,000 P2$233,000 Under the step method of cost allocation, the amount of S2 costs allocated to S1 would be:

The following transactions were carried out during the month of May by Hagen and Associates, a firm of design architects. For each of the five transactions, state whether the transaction represented revenue to the firm during the month of May. Give reasons for your decision in each case. a. The firm received $300,000 cash by issuing additional shares of capital stock. b. Collected cash of $25,000 from an account receivable. The receivable originated in April from services rendered to a client. c. Borrowed $60,000 from Century Bank to be repaid in three months. d. Earned $250 interest on a company savings account during the month of May. No withdrawals were made from this account in May. e. Completed plans for a guesthouse, pool, and spa for a client. The $7,000 fee for this project was billed to the client in May, but will not be collected until June 25.

Which of the following are examples of possible fixed costs?
A. Rent
B. Property taxes
C. Both of the above
D. None of the above

Haste Enterprises issues 20-year, $1,000,000 bonds that pay semiannual interest of $50,000. If the effective annual rate of interest is 11%, what is the issue price of the bonds? Some relevant and irrelevant present value factors: * PV of ordinary annuity of $1: n = 20; i = 11% is 7.96333 **PV of $1: n = 20; i = 11% is 0.12403 * PV of ordinary annuity of $1: n = 40; i = 5.5% is 16.04612 **PV of $1: n = 40; i = 5.5% is 0.11746 Multiple Choice $1,000,000. $919,766. $1,802,306. $992,948.

recession definition economics​

Fig Garden is a popular chain of restaurants for authentic Italian food. Recently, a customer found a dead insect in the pasta he was served. The customer's negative review about the restaurant went viral. Fig Garden's chief executive officer (CEO) publicly apologized for the mishap and posted pictures of the restaurant's kitchen, after being fumigated, on several social networking websites. In this scenario, which of the following does Fig Garden's CEO demonstrate?
A. Audience control
B. Crisis management
C. Letharsy
D. Experiential selling

Fierce is a product of the Ferris Company. Ferris's sales forecast for Fierce is 1,150 units, and they currently have 186 units on hand. Chester wants to have an extra 10% on hand above their forecasted units in case sales are better than expected, to avoid stocking out. Taking current inventory into account, what will Fierce's Fulfillment After Adjustment have to be in order to have a 10% reserve of units available for sale

how can gdp per capita and poverty rates indicate standards of living in each system?​​

Which of the following statements regarding personal and/or rental use of a home is false? Multiple Choice A day for which a taxpayer rents a home to an unrelated party for less than the property's fair market value is considered to be a personal-use day. A day for which a taxpayer rents a home to a relative for full fair market value is considered to be a rental use day (home is not the relative’s principal residence). A day for which an unrelated nonowner stays in the home under a vacation exchange arrangement is considered to be a personal-use day. A day for which the home is available for rent but is not occupied does not count as a personal-use or a rental use day.

Which of the following best describes profit sharing? incentive pay in which payments are a percentage of the organization's profits and do not become part of the employees' base salary a gainsharing program in which employees receive a bonus if the ratio of labor costs to the sales value of production is below a set standard a group incentive program that measures improvements in productivity and effectiveness and distributes a portion of profit to employees an incentive plan where a percentage of the previous year's profits is provided to the employees as a part of their salary a combination of performance measures directed toward the company's profit and used as the basis for awarding incentive pay

Alpha First Company just began business and made the following four inventory purchases in June: June 1 150 units $1040 June 10 200 units 1560 June 15 200 units 1680 June 28 150 units 1320 $5600 A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is $1508. $1848. $1456. $1824.

What is the oldest form of money still in use today?

Jake Entertainment Corporation has three segments with revenue, operating income, and depreciation and amortization information (in millions) as follows: Segment Revenue Operating Income Depreciation and Amortization Film $5,000 $1,500 $525 Theme Park 1,000 320 112 Video Game 500 175 53 Totals $6,500 $1,995 $690 The EBITDA for the Theme Park segment is

Daniel, age 38, is single and has the following income and expenses in 2020:
Salary income $165,000
Net rent income 12,500
Dividend income 2,900
Payment of alimony (divorce finalized in March 2019) 20,000
Mortgage interest on residence 8,300
Property tax on residence 3,400
Contribution to traditional IRA (assume the amount is fully deductible) 4,800
Contribution to United Church 1,700
Loss on the sale of real estate (held for investment) 575
Medical expenses 5,300
State income tax 1,500
Federal income tax 4,400
Daniel's standard deduction for 2019 is $12,200.
a. Classify the following expenses as either "Deductible for AGI", "Deductible from AGI", or "Not deductible
Payment of alimony
Mortgage interest on residence
Property tax on residence
Contribution to traditional IRA (assume the amount is fully deductible)
Contribution to United Church
Loss on the sale of real estate (held for investment)
Medical expenses
State income tax
Federal income tax
What is Daniel's gross income and his AGI?
Gross income:
$ AGI:
b. Should Daniel itemize his deductions from AGI or take the standard deduction?

The local supermarket buys lettuce each day to ensure really fresh produce. Each morning any lettuce that is left from the previous day is sold to a dealer that resells it to farmers who use it to feed their animals. This week the supermarket can buy fresh lettuce for $6.00 a box. The lettuce is sold for $18.00 a box and the dealer that sells old lettuce is willing to pay $3.60 a box. Past history says that tomorrow's demand for lettuce averages 254 boxes with a standard deviation of 37 boxes. How many boxes of lettuce should the supermarket purchase tomorrow? (Use Excel's NORMSINV() function to find the Z-score. Round intermediate calculations to four decimal places. Round your answer to the nearest whole number.) Number of boxes

The supply and demand curves reflect the availability and cost of a new gaming system. If the gaming system market is currently at Demand and Supply 1, which change to the graph would have to occur to increase equilibrium price while lowering equilibrium quantity? (5 points)

Group of answer choices

Add Demand 1 to left of Demand.

Add Demand 1 to right of Demand.

Add Supply 2 to left of Supply 1.

Add Supply 2 to right of Supply 1.

When a group of people must decide whether to buy a shared public good or service, the free-rider problem frequently occurs because:

Imagine yourself sitting in your car in a campus parking lot that is currently full, waiting for someone to pull out so that you can park your car. Somebody pulls out, but at the same moment a driver who has just arrived overtakes you in an obvious attempt to park in the vacated spot before you can. Suppose this driver would be willing to pay up to $10 to park in that spot and up to $30 to avoid getting into an argument with you. (That is, the benefit of parking is $10 and the cost of an argument is $30.) At the same time he guesses, accurately, that you too would be willing to pay up to $30 to avoid a confrontation and up to $10 to park in the vacant spot.
a. Model this situation as a two-stage decision tree in which his bid to take the space is the opening move and your strategies are (1) to protest and (2) not to protest. If you protest (initiate an argument), the rules of the game specify that he has to let you take the space. Show the payoffs at the end of each branch of the tree.
b. What is the equilibrium outcome?
c. What would be the advantage of being able to communicate credibly to the other driver that your failure to protest would be a significant psychological cost to you?

If fixed costs are $270,000, the unit selling price is $70, and the unit variable costs are $45, what are the old and new break-even sales in units (rounded to a whole number) if the unit selling price increases by $6

In determining Blue Corporation's current earnings and profits (E & P) for 2019, how should taxable income be adjusted as a result of the following transactions?
Select either "Increase", "Decrease" or "Not be affected", whichever is applicable.
a. A capital loss carryover from 2018, fully used in 2019.
b. Nondeductible meal expenses in 2019.
c. Interest on municipal bonds received in 2019.
d. Nondeductible lobbying expenses in 2019.
e. Loss on a sale between related parties in 2019.
f. Federal income tax refund received in 2019.

All yearly government spending is broken up into two categories; Mandatory spending which is required by law and Discretionary spending which is spending that must be approved each year by Congress.

Mandatory spending is spending that is required by current law. Most federal mandatory spending is in the form of safety net and entitlement programs, including the Food Stamp program, Social Security, Medicaid, and Medicare. Safety net programs represent “transfer payments” by which the government redistributes the income of the taxpayers by collecting taxes and providing services for those less fortunate and who do not provide any type of good or service in return. Entitlement expenditures include Medicaid and Social Security in which money that has been collected from taxpayers is then given back to those that contributed once they reach a certain age or meet other requirements. Other forms of mandatory spending include veterans benefits. For example, being a veteran means that you have already provided a service for which you were guaranteed, by law, certain benefits and payments (salary once you served your term/retirement, college benefits once you served your term, health insurance after you served your term, etc.). Because the law requires that these benefits be paid once the military personnel has served their term, these expenditures are mandatory and are automatically included in the US budget each year. The amount included for these expenditures is based on the number of citizens who “qualify” for these payments whether safety net, entitlement, or veteran benefits. Many other mandatory expenditures fall under the US budget. Over half of the entire US budget is mandatory which means that it cannot be changed without a change to the law.

About one-third of federal spending is Discretionary. This means that while this spending is for programs that are considered necessary to the operation of the US, they must be re-approved each year by Congress through a vote. The largest category of Discretionary spending is National Defense which must be approved each year. Other categories of Discretionary spending include education assistance, Interstate transportation programs, national parks, the Justice / Court system, and science, space, and technology research programs.

An appropriation is an Act which congress passes to approve discretionary spending. For example, one category of spending on education may be mandatory but congress may want to increase spending through an appropriation (or a special vote) which places the extra spending under the discretionary piece of the budget. One example of an appropriation that increased mandatory spending in the US annual budget is that of the Veteran’s Choice program. Veteran’s health benefits are required by law (they have served and part of their payment for serving is free health care after they retire). However, to receive their health benefits veterans have historically been required to utilize specific Doctors and hospitals. This is the law and therefore part of the mandatory budget. However, an appropriation was passed in 2019 which added extra funding to allow veterans to visit any Doctor they chose and be treated at any hospital of their choosing. The funding for this change is part of the discretionary budget and had to be approved by congress.



Questions:



1) Name and define the two types of spending that are included in the US budget each year.




2) What does it mean that mandatory spending is spending required by law? Give an example.


3) How much of the US yearly budget is required by law?







4) Who must vote to approve additional (Discretionary) spending each year?





5) What is the largest category of spending that must be voted on each year?





6) What is appropriation? Give an example.

Suppose a firm is considering investing in a new product line which they expect to be obsolete in 5 years. They will need an initial investment in inventory of 540,000. They will also need inventory investment of 95,000 each year of the project. The firm expects to recover the full amount of the investment in NWC at the end of the project. What is their NWC in year 5

Please Help answering both questions

1. Think about the business cycle; What are the parts of the business cycle? How does each part of the business cycle impact employment?


2. Think about economic indicators; What is GDP and how does it show if an economy is doing well or poorly? Describe two ways that a GDP shows overall whether an economy is doing well or poorly.

Brown Corporation uses a job-order costing system with a single plant-wide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 40,000 Total fixed manufacturing overhead cost $344,000 Variable manufacturing overhead per machine-hour $3.9 Recently, Job M759 was completed. It required 60 machine-hours. The amount of overhead applied to Job M759 is closest to: (Round your intermediate calculations to 2 decimal places).

The forecasted requirements for an electric hand drill for the next 6 weeks are 15.40.10. 20.50, and 30 units. The marketing department has booked orders totaling 20.25, 10, and 20 units for delivery in the first (current). sec- ond, third, and fourth weeks. Currently. 30 hand drills are in stock. The policy is to order in lots of 60 units. Lead time is 1 week. a. Develop the MPS record for the hand drills. b. A distributor of the hand drills places an order for 15 units. What is the appropriate shipping date for the entire order?​

How can life expectancy and literacy rates affect the quality of labor in the economy?​