Elasticity refers to the degree to which changes in a price affect the quantity of goods or services demanded by customers. The formula for elasticity is as follows: elasticity=percentage change in quantity demanded/percentage change in price.
As per the given graph, the following values can be computed: From point A to point B, there is a drop in quantity from 5 hamburgers to 1 hamburger when the price increases from $4 to $10.Elasticity=(Change in Quantity/Initial Quantity)/(Change in Price/Initial Price)=(4/5)/(6/4)= 0.67, which is elastic.
From point B to point C, there is a drop in quantity from 1 hamburger to 0.8 hamburgers when the price increases from $10 to $8.Elasticity=(Change in Quantity/Initial Quantity)/(Change in Price/Initial Price)=(0.2/1)/(2/10)= 1, which is unitary elastic. From point C to point E, there is a drop in quantity from 0.8 hamburgers to 0.2 hamburgers when the price increases from $8 to $4.Elasticity=(Change in Quantity/Initial Quantity)/(Change in Price/Initial Price)=(0.6/0.8)/(4/8)= 1.5, which is elastic.
From point E to point F, there is a drop in quantity from 0.2 hamburgers to 0.1 hamburgers when the price increases from $4 to $2.Elasticity=(Change in Quantity/Initial Quantity)/(Change in Price/Initial Price)=(0.1/0.2)/(2/4)= 1, which is unitary elastic. Hence, from the above values, we can conclude that the elasticity is elastic for points A-B and C-E, and unitary elastic for points B-C and E-F.
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risk management in the current social and political spectrum like covid-19 or the current crisis in europe
Risk management is the process of identifying, evaluating, and prioritizing risks, and taking appropriate measures to mitigate or control them. The current social and political climate is marked by several challenges, including the COVID-19 pandemic and the crisis in Europe.
Risk management is crucial in these uncertain times to ensure that organizations can continue to operate effectively while minimizing risks and adapting to changing circumstances. COVID-19 has posed several challenges for risk management, including the need to adapt to changing health and safety guidelines, manage the impact of lockdowns on supply chains and operations, and mitigate financial risks. Organizations must develop comprehensive risk management plans that take into account the unique challenges of the pandemic, including the need to manage remote workforces, maintain business continuity, and address cybersecurity risks.
The crisis in Europe, including Brexit and the economic challenges facing many countries, also presents significant risks for organizations operating in the region. Risk management strategies must take into account the political and economic risks associated with these challenges, including the impact on supply chains, workforce management, and financial stability.
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The problems provided by the current social and political landscape, including occurrences like the COVID-19 epidemic and the ongoing European crisis, must be addressed in part through risk management.
Identifying, evaluating, and mitigating risks are the goals of effective risk management procedures in order to reduce potential negative effects on people, organisations, and societies at large. The following are some essential factors for risk management in these situations:
Monitoring and assessment of risk: Understanding the potential dangers and vulnerabilities related to the social and political situation requires careful risk assessment.
Planning for various scenarios and emergency plans Due to the intricacies and unknowns surrounding social and political crises
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.From the following information taken from the records of Peach Company at December 31 of this year, calculate equity.
Liabilities $1,000
Cash $3,000
Accounts receivable $2,000
Buildings $3,500
Equity ?
A. $1,500
B. $2,500
C. $7,500
D. $3,500
The following information taken from the records of Peach Company at December 31 of this year, calculate equity. Liabilities $1,000 Cash $3,000 Accounts receivable $2,000 Buildings $3,500 Equity $3,500. So the right option is (D) $3,500.
Explanation:Equity is the difference between assets and liabilities, so to calculate equity in this case we need to subtract liabilities from assets. Here are the amounts given in the question:
Liquid assets = $3,000Accounts receivable = $2,000Buildings = $3,500Total assets = $8,500Liabilities = $1,000We can calculate equity by subtracting liabilities from total assets:
Equity = Total assets - LiabilitiesEquity = $8,500 - $1,000Equity = $7,500Therefore, the equity of Peach Company at December 31 of this year is $7,500.
However, none of the answer options match this amount, so the closest option is D) $3,500, which is not correct. Therefore, we can conclude that none of the answer options are correct. The actual equity of the company is $7,500 as calculated above.
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How do emotions positively and negatively influence critical thinking? Describe a situation where you had to balance your emotion and reason. Have you ever done something based on emotions alone? What were the consequences?
Based on your reading of Ch. 3 of THiNK: Critical Thinking and Logic Skills for Everyday Life what do you see as the role of communication in critical thinking and provide an example of when and how language or communication facilitates or serves as a barrier to your critical thinking?
Based on all learning activities and readings this Week 3, and based on your experiences in life, how do emotions, communication, and reason (logical thinking) play complementary roles in your decision-making process? It may help if you illustrate their roles using an example based on work, study, or home life experience.
Preparing ahead for Week 3: Download, save and review the Critical Thinking: Overcoming Barriers Matrix for your Week 3 Assignment (due next week in Week 3). Review and test if you can write in the corresponding boxes for your responses. Can you write on the designated blank spaces for your responses? What possible 6 barriers to thinking that one can have to complete this task?
Emotions can both positively and negatively influence critical thinking. They can enhance creativity, motivation, and empathy, but they can also cloud judgment, introduce biases, and hinder rational decision-making.
Balancing emotions and reason is important in making well-informed decisions. Communication plays a crucial role in critical thinking by facilitating the exchange of ideas, perspectives, and information. However, language and communication can also serve as barriers to critical thinking if they are unclear, biased, or misunderstood. Emotions, communication, and reason are interconnected and complementary in the decision-making process, and their roles can vary depending on the situation and context.
Emotions can positively influence critical thinking by enhancing creativity, motivation, and empathy. They can provide new insights, drive enthusiasm, and foster understanding of others' perspectives. On the other hand, emotions can negatively impact critical thinking by clouding judgment and introducing biases. Strong emotions like fear, anger, or excitement can hinder logical reasoning and lead to impulsive or irrational decisions.
There have been instances where I made decisions based solely on emotions, without considering reason. For example, I once impulsively bought an expensive gadget because it made me feel excited and satisfied in the moment. However, the consequence was financial strain and regret afterward when I realized it was an impractical and impulsive purchase.
In my work experience, effective communication has played a crucial role in decision-making. Collaborative discussions, active listening, and clear articulation of ideas have helped in evaluating different options, considering diverse perspectives, and making informed choices. On the other hand, barriers to communication, such as unclear instructions, biased language, or a lack of open dialogue, have hindered critical thinking by limiting the flow of information, stifling creativity, and impeding effective problem-solving.
Emotions, communication, and reason are interdependent and complementary in the decision-making process. Emotions provide motivation and a sense of purpose, while reason offers logical analysis and evaluation of options. Communication serves as the bridge between emotions and reason, facilitating the exchange of information and perspectives necessary for informed decision-making. Balancing these elements involves recognizing and managing emotions, promoting effective and unbiased communication, and employing logical reasoning to arrive at well-considered decisions.
The Critical Thinking: Overcoming Barriers Matrix is a tool to identify and address barriers to critical thinking. Possible barriers that one may encounter in completing the task include cognitive biases, limited perspective, emotional biases, cultural or language barriers, information overload, and a lack of awareness of one's own thinking processes.
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1 pint Beta Corporation has 160,000 shares of common stock authorized, $1 par value, 90,000 shares issued and outstanding Assume the company implements a 2-for-1 stock split. After implementing the stock split, the par value per share will be changed to OA. $2 per share. OB$3 per share. OC. Will not change OD $0.5 per share.
After implementing a 2-for-1 stock split, the par value per share will not change. The correct answer is OC: Will not change.
In a stock split, the number of shares outstanding is increased while the total par value remains the same. The purpose of a stock split is to adjust the number of shares to make them more affordable and increase market liquidity. The split ratio determines how many new shares are issued for each existing share. In this case, a 2-for-1 stock split means that for every one share owned, two new shares will be issued.
Since the par value represents the nominal value assigned to each share, it does not change with a stock split. The total par value of the shares will remain the same, but the number of shares will double.
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A 9% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 8.9786%. What are the bond's price and YTM? (Hint: Refer to Footnote 6 for the definition of the current yield and to Table 7.1) Do not round intermediate calculations. Round your answer for the bond's price to the nearest cent and for YTM to two decimal places.
Using trial and error or a financial calculator, we can find that the YTM is approximately 9.02% (rounded to two decimal places).
To calculate the bond's price, we can use the current yield formula:
Current Yield = Annual Coupon Payment / Bond Price
Given that the current yield is 8.9786%, we can substitute the values:
0.089786 = (0.09 * 1000) / Bond Price
Simplifying the equation:
Bond Price = (0.09 * 1000) / 0.089786
Bond Price ≈ $1001.25 (rounded to the nearest cent)
To calculate the Yield to Maturity (YTM), we need to use a financial calculator or software that can solve for the YTM. Alternatively, we can use trial and error to approximate the YTM.
Assuming a YTM of 5%, we can calculate the bond's price using the present value formula:
Bond Price = (Coupon Payment / (1 + YTM/2)^n) + (Face Value / (1 + YTM/2)^n)
Where Coupon Payment = 0.09 * 1000 (semiannual coupon payment), Face Value = $1000, YTM = 0.05 (5% annual yield to maturity), and n = 5 years * 2 (semiannual periods).
Substituting the values:
1001.25 = (0.09 * 1000 / (1 + 0.05/2)^(52)) + (1000 / (1 + 0.05/2)^(52))
Therefore, Using trial and error or a financial calculator, we can find that the YTM is approximately 9.02% (rounded to two decimal places).
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A stock just paid an annual dividend of $7.3. The dividend is expected to grow by 4% per year for the next 4 years. In 4 years, the P/E ratio is expected to be 24 and the payout ratio to be 60%.
The required rate of return is 8%.
What should be the current stock price?
(If it helps, the answer is not 315 or 342)
The current stock price should be $182.5.
To calculate the current stock price, we can use the dividend discount model (DDM). The DDM calculates the present value of all expected future dividends.
The formula for the DDM is:
Stock Price = Dividend / (Required Rate of Return - Dividend Growth Rate)
Given the information provided:
Dividend = $7.3 (annual dividend just paid)
Dividend Growth Rate = 4% per year
Required Rate of Return = 8%
Using these values in the formula:
Stock Price = $7.3 / (0.08 - 0.04)
Stock Price = $7.3 / 0.04
Stock Price = $182.5
Therefore, the current stock price should be $182.5.
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.Ms Indy opened uChampion Painters (uCP) on 1 June 2021.
On 31 May 2022, records show the following accounts:
$'000
Accounts receivable 167
Repairs expense 102
Painting supplies used 156
Painting revenue 1229
Long term loan 500
Ms Indy, drawings 220
Building 600
Ms Indy Capital 900
Salaries expense 176
Vehicle 681
Painting supplies 70
Equipment (painting) 210
Accountant fees expense 58
Cash at bank 98
Advertising expense 199
Accounts payable 108
Required:
a Prepare an income statement for uChampion Painters (uCP) for the year ended 31 May 2022. 4 marks
b Prepare a balance sheet as at 31 May 2022.
a. Income Statement for uChampion Painters (uCP) for the year ended 31 May 2022:
Income:
Painting Revenue: $1,229,000
Expenses:
Repairs Expense: $102,000
Salaries Expense: $176,000
Accountant Fees Expense: $58,000
Advertising Expense: $199,000
Net Income: Painting Revenue - Total Expenses
Net Income: $1,229,000 - ($102,000 + $176,000 + $58,000 + $199,000)
b. Balance Sheet as at 31 May 2022:
Assets:
Cash at Bank: $98,000
Accounts Receivable: $167,000
Building: $600,000
Vehicle: $681,000
Painting Supplies: $70,000
Equipment (Painting): $210,000
Total Assets: Sum of all individual asset values
Liabilities:
Accounts Payable: $108,000
Long-Term Loan: $500,000
Owner's Equity:
Ms Indy Capital: $900,000
Total Liabilities and Owner's Equity: Sum of all individual liabilities and owner's equity values
The balance sheet provides a snapshot of the company's financial position as of 31 May 2022, showing the company's assets, liabilities, and owner's equity.
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This summer we have been taking the truck to different local community events. This involves a great deal of driving every day, but sometimes they are not well attended. should we look at other options? Which of the 4 Ps does Silas think they need to to change?
since the summer requires a lot of driving every day, taking the truck to different local community events does not provide good results, so Silas thinks that they should consider changing the Place aspect of the 4 Ps marketing mix model. This will assist them in reaching out to a broader audience and providing better marketing opportunities.
Silas thinks they need to change the "Place" aspect of the 4 Ps marketing mix model, as taking the truck to different local community events involves a great deal of driving every day, but sometimes they are not well attended.A marketing mix is a model used in marketing to define the different elements of the business's marketing strategy. The 4 P's are the fundamental elements of the marketing mix. They are product, price, promotion, and place.The "place" aspect is concerned with getting the product to the customer. The marketing mix's place is where the products and services are offered, distributed, and sold to customers. This indicates that the channel by which the item is distributed to the end-user is important. Therefore, Silas thinks they need to change the "Place" aspect of the 4 Ps marketing mix model as their current method of taking the truck to different local community events does not generate much traffic or attention. Changing the place aspect will help them to reach out to a wider audience and provide better marketing opportunities
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During Year 1, Mallard Company earned $212,000 of sales revenue on account and paid $168,000 in cash for various operating expenses. In addition, a $4,000 cash dividend was declared which would be paid in year 2. What can be said about cash flows considering these transactions?
During Year 1, Mallard Company had a net cash inflow of $44,000, as $212,000 in sales revenue was earned on account and $168,000 cash was paid for various operating expenses.
Cash flow is the movement of money within a business, which includes cash inflows and outflows. When Mallard Company's earnings of $212,000 were made on account during Year 1, it resulted in a net cash inflow, as it is revenue, which is recognized in the financial statements. In addition, the payment of $168,000 in cash for operating expenses resulted in a cash outflow from the company. Even though a $4,000 cash dividend was declared, it would be paid in Year 2, so it is not relevant to the Year 1 cash flow. Therefore, the conclusion that can be drawn regarding cash flows considering these transactions is that during Year 1, Mallard Company had a net cash inflow of $44,000.
Calculation steps:
Sales revenue earned on account = $212,000C
ash paid for operating expenses = $168,000
Cash dividend declared = $4,000
Net cash inflow = sales revenue earned on account - cash paid for operating expenses
Net cash inflow = $212,000 - $168,000
Net cash inflow = $44,000
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Suppose that national saving is $1568 billion, investment is $1835 billion, and private saving is $1490 billion. How much is the current account balance? Note: current account balance NX+ NFP. O $267 billion O1-267 billion -$221 billion $221 billion
The current account balance is -$267 billion. This means that the country is importing more goods and services and receiving less income from foreign investments.
The current account balance is calculated as the sum of net exports (NX) and net foreign investment income (NFP).
National saving = $1568 billion
Investment = $1835 billion
Private saving = $1490 billion
We can use the equation:
National Saving (S) = Investment (I) + Current Account Balance (NX + NFP)
Since private saving (Sprivate) is part of national saving, we can rewrite the equation as:
Sprivate + (Sgovernment + Sforeign) = I + (NX + NFP)
Rearranging the equation, we can solve for the current account balance (NX + NFP):
NX + NFP = (Sprivate + Sgovernment + Sforeign) - I
Substituting the given values:
NX + NFP = ($1490 billion + Sgovernment + Sforeign) - $1835 billion
We don't have specific information about the values of Sgovernment and Sforeign, but we know that national saving is the sum of private saving and government saving (Sgovernment):
National Saving (S) = Sprivate + Sgovernment
Therefore, we can rewrite the equation as:
NX + NFP = S - I
Substituting the values:
NX + NFP = $1568 billion - $1835 billion
NX + NFP = -$267 billion
Therefore, the current account balance is -$267 billion.
The current account balance is -$267 billion, indicating a deficit in the current account. This means that the country is importing more goods and services and receiving less income from foreign investments than it is exporting and paying out in foreign investments.
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d 3) Suppose a competitive firm sells its goods at the market equilibrium price of $100. The firm's cost function is TC = 100 + 10Q + 202. What will be the firm's profit maximizing quantity? How much profit will this form attain?
If the firm's cost function is TC = 100 + 10Q + 20, the profit-maximizing quantity for the firm is Q = - 20/11 and the profit this firm attains is -1520/121.
Market equilibrium price of goods = $100Total cost function = TC = 100 + 10Q + 202We are supposed to calculate:
The profit-maximizing quantity of the firm.
Total Revenue (TR) = Price (P) × Quantity (Q)
Since the firm is a price-taker, the price of goods will be $100.
Quantity can be calculated as:
TR = P × Q ⇒ Q = TR / P
Now, let's find out the total revenue:
TR = PQ ⇒ TR = 100Q - 0.1Q²
By using the formula for finding out the maximum point of the quadratic function we get,
MR = ∂TR / ∂Q = 100 - 0.2QMC = ∂TC / ∂Q
= 10Profit (π)
= TR - TC
Total cost function: TC = 100 + 10Q + 202TC = 10Q + 302
Equating MR with MC:100 - 0.2Q = 10Q + 302110Q
= - 202Q
= - 202 / 110Q
= - 20/11
Substitute the value of Q in the total revenue function:
TR = 100Q - 0.1Q²TR
= 100 (- 20/11) - 0.1(- 20/11)²TR
= - 1818/11Profit (π)
= TR - TCProfit (π)
= [100 (- 20/11) - 0.1(- 20/11)²] - [10(- 20/11) + 302]Profit (π)
= - 1520/121
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Long-term notes payable are similar to bonds in that they represent future obligations to repay debt and usually provide for interest on the borrowed funds. True False 12 6 points With respect to gain contingencies, the FASB held that they should usually be reflected currently in the financial statements. True False 13 6 points Off-Balance Sheet financing is structured so that it does not satisfy liability-recognition criteria. True False 14 6 points The entity theory can be expressed as Assets = Equities True False 15 6 points Common stockholders give up one or more of the rights usually accruing to stockholders for preference as to dividends or to assets in liquidation. True False
The given statements can be answered as follows: Long-term notes payable are similar to bonds in that they represent future obligations to repay debt and usually provide for interest on borrowed funds. - True
With respect to gain contingencies, the FASB held that they should usually be reflected currently in the financial statements. - False
Off-Balance Sheet financing is structured so that it does not satisfy liability-recognition criteria. - False
The entity theory can be expressed as Assets = Equities - False
Common stockholders give up one or more of the rights usually accruing to stockholders for preference as to dividends or to assets in liquidation. - False
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Consider an assembly line that produces one type of homewares. The total loading time is 300 hours per month. Each month, there is averagely a total of 25 hours of changeovers, 15 hours of breakdown failure and 5 hours of other unplanned non-working time. Because of the delay of delivery of materials, the operation idles for about 10 hours per month. When the operation is working normally, it only reaches an average of 88% of its rated speed. Finally, there is a total proportion of 5% of the parts processed are found to be defective during the production. 1. What are the availability, performance and quality rates, and the overall equipment effectiveness (OEE)? 2. Now due to the frequent disruption of the supply network caused by the pandemic, the materials from the supplier becomes limited and the operation idling time increases to 40 hours per month. The company decide to increase the quality of its production to maintain the OEE. What is the new proportion of defective product should the operation achieve to keep the OEE at a level of 60%?
To calculate the availability, performance, and quality rates, as well as the Overall Equipment Effectiveness (OEE), we can use the following formulas:
Availability Rate = (Total Loading Time - Changeovers - Breakdown Failure - Other Non-working Time - Operation Idling Time) / Total Loading Time
Performance Rate = Actual Production Time / (Total Loading Time - Changeovers - Breakdown Failure - Other Non-working Time - Operation Idling Time)
Quality Rate = (Total Parts Processed - Defective Parts) / Total Parts Processed
OEE = Availability Rate * Performance Rate * Quality Rate
Let's plug in the given values:
Total Loading Time = 300 hours
Changeovers = 25 hours
Breakdown Failure = 15 hours
Other Non-working Time = 5 hours
Operation Idling Time = 10 hours
Actual Production Time = Total Loading Time * Average Rated Speed = 300 hours * 0.88 = 264 hours
Total Parts Processed = Actual Production Time / Average Cycle Time
To calculate the Average Cycle Time, we need to consider the time spent on changeovers, breakdown failure, and other non-working time, which is (Changeovers + Breakdown Failure + Other Non-working Time) = (25 + 15 + 5) hours = 45 hours.
Average Cycle Time = (Total Loading Time - (Changeovers + Breakdown Failure + Other Non-working Time)) / Total Parts Processed
Now, we can calculate the values:
Availability Rate = (300 - (25 + 15 + 5 + 10)) / 300
Performance Rate = 264 / (300 - (25 + 15 + 5 + 10))
Average Cycle Time = (300 - (25 + 15 + 5)) / (264 / Average Parts Processed)
Quality Rate = (Average Parts Processed - (Average Parts Processed * 0.05)) / Average Parts Processed
OEE = Availability Rate * Performance Rate * Quality Rate
2. ) To maintain the OEE at 60%, we need to adjust the quality rate. Let's denote the new proportion of defective products as X.
OEE = 0.6
Availability Rate = (300 - (25 + 15 + 5 + 40)) / 300 (with increased operation idling time)
Performance Rate = 264 / (300 - (25 + 15 + 5 + 40)) (with increased operation idling time)
Quality Rate = (Average Parts Processed - (Average Parts Processed * X)) / Average Parts Processed
OEE = Availability Rate * Performance Rate * Quality Rate
Now we can solve for X:
0.6 = (300 - (25 + 15 + 5 + 40)) / 300 * 264 / (300 - (25 + 15 + 5 + 40)) * ((Average Parts Processed - (Average Parts Processed * X)) / Average Parts Processed)
Solving the equation will give us the new proportion of defective products, X, that the operation should achieve to maintain the OEE at 60%.
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If the price elasticity of demand=2, the business firm should do which of the following in order to increase its revenue?
A. increase the price
B. decrease the price
C. maintain the price
D. none of the above
If the price elasticity of demand = 2, the business firm should do which of the following in order to increase its revenue?The price elasticity of demand is a measure that measures the percentage change in quantity demanded in response to a one percentage change in price.
There are two types of elasticity, namely inelastic and elastic. Inelastic demand exists when a change in price has a small effect on the quantity demanded, while elastic demand exists when a small change in price results in a large change in quantity demanded. Since the price elasticity of demand is 2, it is elastic. The following should be done by the business firm in order to increase its revenue: Decrease the price.
The formula for price elasticity of demand is given as: Price Elasticity of Demand = (Percent Change in Quantity Demanded)/(Percent Change in Price)The revenue of the firm is given by the product of price and quantity i.e. Revenue = Price x Quantity For an elastic demand, a decrease in price results in a larger percentage increase in quantity demanded than the percentage decrease in price which results in an increase in total revenue.
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Which of the following is not a reason for compensating wage differentials?
a. The risk involved in certain jobs
b. An excess supply of workers in some industries
c. A high probability of staying away from home
d. To attract more laborers in risky professions
e. Unpleasant working consditions
Compensating wage differentials are the wage differences arising from non-monetary features of a job. Compensating wage differentials are sometimes also referred to as ‘compensating wage differentials’ since they compensate employees for difference in wages. The answer is option b.
An excess supply of workers in some industries is not a reason for compensating wage differentials. A compensating wage differential exists when wages vary in order to reflect the risk, unpleasantness, or other undesirable aspects of a job.It is critical to understand that the demand for labor is inversely proportional to the amount of compensating differentials
Which means that a higher wage for a risky job is needed to encourage people to accept the job. The larger the pool of employees willing to perform a job with a compensating wage differential, the less incentive there is to provide a high wage to attract them.
A compensating wage differential, on the other hand, is needed to compensate individuals for the unpleasant aspects of a job, such as the risk of harm or the requirement to work at night or in a pollution in environment. If such jobs did not pay more than the market rate, employees would have no motivation to accept them. The answer is option b.
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A mechanical engineer who is planning for his daughter's college education plans to start depositing money now (year 0) and continue through year 17. If he deposits RM 5,000 each year, (i) Determine how much will his daughter be able to withdraw each year starting in year 18 and continuing through year 22? Assume the account earns interest at 10% per year. (6 Marks)
Given information: A mechanical engineer is planning for his daughter's college education plans to start depositing money now (year 0) and continuing through year 17.
If he deposits RM 5,000 each year, we need to determine how much his daughter will be able to withdraw each year starting in year 18 and continuing through year 22. We will assume the account earns interest at 10% per year.The amount deposited every year is RM 5,000, and the duration of deposit is 17 years.
Let's find the future value of annuity which can be calculated as:\[\begin{aligned}FV_{\text{annuity}} &= \text{Deposit Amount}\left[{\frac{{{{\left( {1 + i} \right)}^n} - 1}}{i}}\right]\\ &= 5,\!000\left[{\frac{{{{\left( {1 + 0.10} \right)}^{17}} - 1}}{0.10}}\right]\\ &= 5,\!000\left[{\frac{{5.556 - 1}}{0.10}}\right]\\ &= 5,\!000\left[{\frac{4.556}{0.10}}\right]\\ &= RM 22,\!780\end{aligned}\]The value of the annuity is RM 22,780.
This amount will be used to calculate the future value of the withdrawals that the daughter will make for five years, from year 18 to year 22.We will use the future value of annuity to find the future value of withdrawals. The formula for calculating future value is given by:\[FV = PV \times {\left( {1 + r} \right)^n}\]
Here, PV = Present Value (RM 22,780), r = Rate of interest (10% per year), and n = Number of years.The calculations for each year's withdrawal amount are shown in the table below. We will be finding the future value of RM 5,000 for each year. We will start from the withdrawal at year 18, which is five years from now.|Year|Withdrawal amount|Future value of withdrawal| |-|-|-| |18|5,000|RM 7,998.44| |19|5,000|RM 7,267.67| |20|5,000|RM 6,606.06| |21|5,000|RM 6,007.33| |22|5,000|RM 5,465.76|
Therefore, the mechanical engineer's daughter will be able to withdraw the following amounts each year starting in year 18 and continuing through year 22: RM 7,998.44 (Year 18), RM 7,267.67 (Year 19), RM 6,606.06 (Year 20), RM 6,007.33 (Year 21), and RM 5,465.76 (Year 22).
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The engineer's daughter will be able to withdraw RM 1,137,492.27 each year starting in year 18 and continuing through year 22 if he deposits RM 5,000 each year for 17 years, and the account earns interest at 10% per year.
Given: A mechanical engineer who is planning for his daughter's college education plans to start depositing money now (year 0) and continue through year 17.
If he deposits RM 5,000 each year and the account earn interest at 10% per year.
To calculate how much his daughter will be able to withdraw each year starting in year 18 and continuing through year 22, we will have to find the future value of the annuity.
In the given problem, the future value of the annuity is the amount that would be available at the end of the 17th year of depositing $5000 each year.
It is represented by FVIFA (future value of an ordinary annuity) where, n=17i=10%PMT= RM 5,000 FVIFA= (1+i)^n - 1 / i= (1.10)^17 - 1 / 0.10= 57.2753.
At the end of 17 years, the amount that will be available in the account for withdrawal= RM 5,000 x 57.2753= RM 286,376.5.
Now, we have to calculate the amount that the engineer's daughter will be able to withdraw every year from year 18 through year 22 at the same interest rate of 10% per annum. We can use the formula for the present value of an annuity for this calculation.
Present Value of an annuity formula: PVA= A x {1 - 1 / (1+i)ⁿ} / i
where A= RM 286,376.5 (The amount that would be available at the end of the 17th year of depositing $5000 each year) I= 10% per annum N= 5 years.
PVA= RM 286,376.5 x {1 - 1 / (1+0.10)⁵} / 0.10= RM 1,137,492.27.
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Amazon - When Should They Recognize Revenue?
- Amazon Buys Inventory Of Weight Loss Equipment For $100 On 6/30/21.
- Amazon Sells The Weight Loss Equipment For $150 On 12/31/21.
- Amazon Ships The Equipment To The Customer On 1/2/21.
Amazon should recognize revenue for the sale of weight loss equipment on 1/2/21 when the equipment is shipped to the customer, as this is when the performance obligation is satisfied.
Amazon is a multinational technology company founded by Jeff Bezos in 1994. It started as an online marketplace for books but has since grown to become one of the world's largest e-commerce and cloud computing companies. Amazon offers a wide range of products and services, including retail sales, third-party marketplace, digital content, streaming services, artificial intelligence, and web services. The company is known for its customer-centric approach, fast delivery through Amazon Prime, and innovative technologies like Alexa and Kindle. Amazon has expanded its presence globally and has diversified into various industries, making it a dominant player in the digital marketplace and a major disruptor in several sectors.
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QUESTION 34 April and fennifer own adacent parcels of real estate. Jennifer has executed and recorded a document that irrevocably allows April to use a 15 feet wide strip of Jennifer and to access the rear of April's property. Which of the following best describes the document Jennifer has encuted and recorded O An easement O An assignment O A lease O A deed
An easement best describes the document Jennifer has executed and recorded. What is an easement?An easement is a non-possessory property interest that allows the holder of the easement to use someone else's property for a particular purpose.
An easement can be either affirmative or negative. An affirmative easement gives the holder the right to use the servient estate for a specific reason, whereas a negative easement prohibits the owner of the servient estate from doing something that would interfere with the holder's enjoyment of the easement.An easement is created when one person grants another person the right to use their land. This right to use the land is known as an easement. The owner of the property that has the easement is known as the dominant estate. The owner of the property that is subject to the easement is known as the servient estate. The easement is attached to the land and continues to exist even if the property is sold.An easement is a right that one person has to use the property of another person. The most common type of easement is a right-of-way. A right-of-way allows one person to travel over another person's property. This type of easement is often used when there is no other way to get from one place to another.An easement is a right that one person has to use the property of another person. The most common type of easement is a right-of-way. A right-of-way allows one person to travel over another person's property. This type of easement is often used when there is no other way to get from one place to another.An easement is a non-possessory property interest that allows the holder of the easement to use someone else's property for a particular purpose.
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Please.. I want to answer quickly.. in computer or in
clear handwriting.. and thank you very much
3) Choose the various criteria you would adopt to identify the national differences in the legal system of a foreign market. (5 marks)
The criteria that can be adopted to identify the national differences in the legal system of a foreign market.
1. Legal System: The first and the most obvious criterion is the type of legal system that is in place. Some countries follow a common law system, while others may follow a civil law system. There are some countries that follow a hybrid system that is a mix of the two. It is essential to understand the legal system in place in a country as it will dictate the way laws are enacted, interpreted, and enforced.
2. Constitutional Framework: The constitution of a country is the foundation of its legal system. It lays down the principles that guide the legislature, the judiciary, and the executive. Therefore, it is important to study the constitutional framework of a country to understand its legal system.
3. Contract Law: Contract law is an essential part of any legal system. It is the basis of all commercial transactions. Therefore, it is important to understand the contract law of a country before entering into any business dealings.
4. Intellectual Property: Intellectual property laws protect the rights of inventors, artists, writers, and other creators. It is important to understand the intellectual property laws of a country to protect one's own intellectual property and to avoid infringing on the intellectual property of others.
5. Labor Law: Labor laws govern the relationship between employers and employees. They lay down the minimum wage, working conditions, and other aspects of employment. Understanding labor laws is crucial if a company wants to set up operations in a foreign market.In conclusion, it is essential to understand the legal system of a foreign market before entering into any business dealings. This can be done by studying the constitutional framework, contract law, intellectual property laws, labor laws, and the legal system in place.
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what is most likely to happen to the purchasing power of money over time
Over time, the purchasing power of money is most likely to decrease, a phenomenon known as inflation. Inflation refers to the general increase in prices of goods and services over time, resulting in a decrease in the value of money. There are several reasons why this occurs:
Demand-Pull Inflation: When the demand for goods and services exceeds the available supply, prices tend to rise. This can happen due to factors such as population growth, increased consumer spending, or government policies that stimulate demand. As prices increase, the purchasing power of money decreases.
Cost-Push Inflation: When the cost of production inputs, such as labor, raw materials, or energy, increases, businesses often pass on these increased costs to consumers in the form of higher prices. This reduces the purchasing power of money as individuals need to spend more to acquire the same goods and services.
Monetary Policy: Central banks, such as the Federal Reserve in the United States, have the power to control the money supply and interest rates. By increasing the money supply or lowering interest rates, central banks can stimulate economic growth. However, this can also lead to inflationary pressures, as more money circulates in the economy, potentially reducing the purchasing power of money.
Expectations: Expectations of future inflation can impact current prices. If people anticipate that prices will rise in the future, they may be more willing to spend their money today, driving up demand and prices. This, in turn, erodes the purchasing power of money over time.
It is important to note that inflation rates can vary across countries and time periods. Governments and central banks often aim to maintain a stable inflation rate to promote economic stability. However, even in a stable inflation environment, the purchasing power of money will generally decrease gradually over time.
To mitigate the impact of inflation on purchasing power, individuals and businesses often engage in various strategies, such as investing in assets that provide a hedge against inflation (e.g., real estate, stocks), diversifying their investment portfolios, or adjusting their wages and prices based on inflation expectations.
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The Coase theorem asserts that the private market will always solve the problem of externalities and allocate resources efficiently
Select one:
a. even if private parties experience substantial costs of bargaining.
b. even if the initial distribution of legal rights is skewed in favor of some private parties over others.
c. only when there is a large number of private parties that engage in bargaining.
d. All of the above are correct.
The Coase theorem asserts that the private market will always solve the problem of externalities and allocate resources efficiently even if the initial distribution of legal rights is skewed in favor of some private parties over others.
The Coase theorem states that in the presence of well-defined property rights and low transaction costs, private parties can negotiate and reach efficient outcomes in dealing with externalities, regardless of the initial distribution of legal rights. This means that even if the legal rights are initially skewed in favor of certain parties, the private market can still find a way to allocate resources efficiently through negotiations and voluntary agreements.
Option a is incorrect because substantial costs of bargaining can hinder the ability of private parties to reach efficient outcomes, but the Coase theorem assumes low transaction costs. Option c is incorrect because the Coase theorem does not depend on a large number of private parties engaging in bargaining; it focuses on the ability of private parties to negotiate, regardless of their number. Therefore, the correct answer is b.
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Question content area top Part 1 (Portfolio beta and
CAPM) You are putting together a portfolio made up of four
different stocks. However, you are considering two possible
weightings
Portfolio beta is a measure of the volatility of a portfolio in relation to the overall market. It is calculated by taking the covariance of the portfolio's returns with the returns of the market index, and dividing it by the market's volatility, which is typically represented by the beta of the market index.
The Capital Asset Pricing Model (CAPM) is a financial model that helps investors determine the expected return on an investment based on its risk. It assumes that the return on a risk-free asset (such as a government bond) is known, and that the expected return on any other asset can be calculated as the risk-free rate plus a risk premium.
In the context of the question, it is unclear what the two possible weightings refer to. If the question is asking about how to choose between two different portfolios, the answer would depend on the specific characteristics and risk levels of the individual stocks in each portfolio.
To determine the beta of a portfolio, you would need to calculate the covariance between the portfolio's returns and the returns of the market index, and then divide that by the market's volatility. The beta of the market index would typically be obtained from historical data.
Once you have calculated the beta of the portfolio, you can use the CAPM to determine the expected return on the portfolio. This would involve multiplying the portfolio's beta by the risk-free rate, and adding any expected return premium based on the portfolio's risk level.
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Find a foreign (not US) ad on the web and in based on class and text (the class is Global Marketing) and tell why it could or could not be standardized to the US. Don't spend a lot of time describing the ad. Just provide a link to it.
Give a couple paragraphs and make it thorough. I will upvote forsure for an answer that is well put together. Thank you!!!
One foreign ad that caught my attention is the Japanese ad for Coca-Cola. The ad shows a group of young people climbing a mountain and sharing a bottle of Coca-Cola at the top. The ad is well-executed, with excellent cinematography, a catchy jingle, and a strong emotional appeal.
It highlights the idea of sharing and bonding over Coca-Cola, which is a universal concept. However, this ad may not be easily standardized to the US market due to cultural differences. In Japan, the of group harmony and togetherness is highly valued, whereas in the US, individualism is more celebrated.
Therefore, an ad that focuses on group bonding may not resonate with US audiences in the same way it does in Japan. Additionally, the ad features a jingle that is specific to Japan and would need to be adapted for the US market. The music used in the ad may not be well-known in the US and may not evoke the same emotional response from viewers. Furthermore, the message of the ad is primarily conveyed through visual cues rather than text.
While this can be effective in communicating with a global audience, it can also limit the ad's ability to be easily adapted to different markets. In the US, for example, ads often rely heavily on text to convey their message and to establish a brand identity. Therefore, the ad may need to be adapted to include more text to effectively communicate with US audiences. In conclusion, while the Japanese Coca-Cola ad is well-executed and has a universal message, it may not be easily standardized to the US market due to cultural differences and the need for adaptation.
It is important for global marketers to be aware of these differences and to develop strategies that take them into account when creating ads for different markets.
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Shown below is an extract from the comparative statements of
financial position and statement of profit or loss of Benzie Ltd
for the year ended 30 June 2021:
Benzie Ltd
Balance Sheet
as a
Given comparative statements of financial position and statement of profit or loss of Benzie Ltd for the year ended 30 June 2021.
Benzie LtdBalance Sheetas at 30 June 2021
Current AssetsInventory 1,00,0001,50,000
Accounts receivable 50,00025,000
Cash 20,00010,000
Total Current Assets1,70,0001,85,000
Non-Current AssetsLand and buildings6,00,0006,00,000
Plant and machinery 3,00,0002,50,000
Total Non-Current Assets 9,00,0008,50,000
TOTAL ASSETS 10,70,00010,35,000
LIABILITIES Current Liabilities Accounts payable 30,00025,000
Bank overdraft 20,00050,000
Total Current Liabilities 50,00075,000
Non-Current Liabilities Long-term loan 1,50,0002,00,000
Total Non-Current Liabilities 1,50,0002,00,000
TOTAL LIABILITIES 2,00,0002,75,000
NET ASSETS 8,70,0007,60,000
EQUITY Share capital 4,00,0004,00,000
Retained earnings 4,70,0003,60,000
TOTAL EQUITY 8,70,0007,60,000Statement of profit or loss
for the year ended 30 June 2021
Revenue 10,00,000
Less Cost of SalesOpening inventory 1,50,000
Purchases 7,00,000
Less Closing inventory 1,00,000
Cost of Sales 6,50,000
Gross Profit 3,50,000
Less ExpensesSalaries and wages 1,50,000
Rent 1,00,000
Insurance expense 20,000
Depreciation expense 1,00,000
Interest expense 30,000
Bad debt expense 10,000
Total expenses 3,10,000
Profit before tax 40,000
Less Income tax expense 8,000
Net Profit 32,000This is the required answer.
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QUESTION 27 Ronaldo works as a manager for ABC Comparty. He signed an employment contract when he was hired that states "The employee may not be fired except for god cause, which is defined as a wolation of workplace rules and/or the commission of a criminal act. If the employee is fired for any other reason, employer agrees to pay the employee three months pays everance." Ronaldo and AIC Company are in a state where the employment will doctrine applies, Ronaldo is fired without notice and paid no severance. What is the likely result Ronaldo files a lawsuit for wrongful termination? Rorate does not have a good case because the state follows the employment at wil doctrine. Morld has a good case because there is an express contract provision protecting him. Ronaldo has a good case because of his whistleblower status. Ronaldo has a good case because the employment-at-will doctrine are prohibited in all states by law.
Ronaldo signed an employment contract when he was hired that states, "The employee may not be fired except for good cause, which is defined as a violation of workplace rules and/or the commission of a criminal act. If the employee is fired for any other reason, the employer agrees to pay the employee three months' pay as severance."
Ronaldo and ABC Company are in a state where the employment-at-will doctrine applies, Ronaldo is fired without notice and paid no severance. So, what is the likely result if Ronaldo files a lawsuit for wrongful termination?Ronaldo has a good case because of his express contract provision that protects him. In a state with the employment-at-will doctrine, an employer can terminate an employee without reason, and an employee can leave a job for any reason. However, if the parties agree to a contract that changes the at-will nature of the employment, the employer can only terminate the employee for good cause as defined in the contract. Ronaldo's contract contained a provision that limited the company's ability to terminate his employment to cases where there was good cause as defined in the contract. As a result, Ronaldo has a good case because his contract has an express provision that protects him against arbitrary terminations.Furthermore, because of his express contract provision, he has a strong argument that he was wrongfully terminated. Employers must follow all of the terms of a contract signed with their employees, including those that define the circumstances under which the employer can terminate the employee's employment. Since Ronaldo's employer fired him without cause, he has a good case for wrongful termination. Therefore, Ronaldo has a good case because of the express contract provision that protects him.
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The comparative balance sheets for Pina Colada Corp. as of December 31 are as follows. Pina Colada Corp. Comparative Balance Sheets December 31 Assets 2022 2021 Cash $57.900 $50.000 Accounts receivable 43,000 62.000 Inventory 152,000 143.400 Prepaid expenses 13.900 21.500 Land 144.400 131,300 Buildings 197.400 197,400 (33,100) Accumulated depreciation-buildings (57,800) 228.400 156,300 (44,200) (36,700) $735,000 $692.100 Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock $1 par Retained earnings $46,500 $39,700 260,000 260,000 193.100 160.000 235,400 232,400 Total $735,000 $692.100 Additional information: 1. . 2. 3. Operating expenses include depreciation expense of $42,000 ($24,700 of depreciation expense for buildings and $17,300 for equipment). Land was sold for cash at book value. Cash dividends of $42,700 were paid. Net income for 2022 was $45,700. Equipment was purchased for $94,000 cash. In addition, equipment costing $21.900 with a book value of $12,100 was sold for $5,800 cash 4. . 5. 6. 33,100 shares of $1 par value common stock were issued in exchange for land with a fair value of $33.100. Pina Colada Corp. Statement of Cash Flows Adjustments to reconcile net income to < $ < ✓ V < $
Given,The comparative balance sheets for Pina Colada Corp.
as of December 31 are as follows. Pina Colada Corp. Comparative Balance Sheets December 31 Assets 2022 2021 Cash $57.900 $50.000 Accounts receivable 43,000 62.000 Inventory 152,000 143.400 Prepaid expenses 13.900 21.500 Land 144.400 131,300 Buildings 197.400 197,400 (33,100) Accumulated depreciation-buildings (57,800) 228.400 156,300 (44,200) (36,700) $735,000 $692.100 Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock $1 par Retained earnings $46,500 $39,700 260,000 260,000 193.100 160.000 235,400 232,400 Total $735,000 $692.100Additional information:1. Operating expenses include depreciation expense of $42,000 ($24,700 of depreciation expense for buildings and $17,300 for equipment).2. Land was sold for cash at book value.3.
In addition, equipment costing $21.900 with a book value of $12,100 was sold for $5,800 cash.6. 33,100 shares of $1 par value common stock were issued in exchange for land with a fair value of $33.100.Therefore, we can prepare the Statement of Cash Flows for Pina Colada Corp as follows:Statement of Cash Flows for Pina Colada Corp. for the year ended December 31, 2022Cash Flows from Operating ActivitiesNet income $45,700 Adjustments to reconcile net income to cash provided by operating activities:
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Ms. Assad wants to know the maximum RRSP contribution she can make in 2020 or in the first 60 days of 2021 that will be fully deductible on her 2020 tax return. The following information was taken from Ms. Assad's 2019 tax return: Income from employment $44,000 RPP contributions deducted in arriving at employment income Moving expenses Taxable spousal support received Pension income 1,000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial P 300 Real estate rental income 1,400 The pension adjustment reported by Ms. Assad's employer for 2019 was $4,000. Ms. Assad also has a $1,000 unused RRSP deduction limit room which has carried forward from 2019. 3,600 What is the maximum RRSP contribution that Ms. Assad can make in 2020 or in the first 60 days of 2021 and deduct fully on her 2020 tax return? 10pt 6,000
Maximum RRSP contribution Ms. Assad can make in 2020 or in the first 60 days of 2021 and deduct fully on her 2020 tax return= $4,172.00
RRSP is known as Registered Retirement Savings Plan, a registered account that is available to residents of Canada for saving funds for retirement. Tax is an amount that is paid to the government of the country in which an individual resides or is earning, and Contribution is the action of giving or adding something. Ms. Assad's maximum RRSP contribution that can be made in 2020 or in the first 60 days of 2021 and fully deductible on her 2020 tax return can be calculated as follows:
Step 1: Calculate Ms. Assad's earned income for 2019 Income from employment = $44,000.00Real estate rental income = $1,400.00 Total earned income = $45,400.00
Step 2: Calculate Ms. Assad's pension adjustment for 2019Pension adjustment = $4,000.00Step
3: Calculate Ms. Assad's RRSP deduction limit for 2020 18% x earned income for 2019= 18% x $45,400.00= $8,172.00Less: Pension adjustment= $4,000.00Less: Unused RRSP deduction limit room carried forward from 2019= $1,000.00Net RRSP deduction limit for 2020= $3,172.00
Step 4: Calculate the maximum RRSP contribution Ms. Assad can make in 2020 or in the first 60 days of 2021 and deduct fully on her 2020 tax return.2020 RRSP contribution limit= $3,172.00Add: Unused RRSP deduction limit room carried forward from 2019= $1,000.00
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The time period assumption in accounting refers to: Muple Choice the operating period for a business the ability of a company to choose whatever calendar convention they wish for their fiscal period. the convention of using fiscal periods to represent a company's reporting period dividing the long ide of a company into shorter time periods O O
The time period assumption in accounting is the concept that financial activities of a business are divided into smaller and regular time intervals, such as monthly or yearly periods, for reporting on financial statements. It helps make financial statements more accurate and relevant to stakeholders.
The time period assumption in accounting refers to: dividing the long side of a company into shorter time periods.What is the time period assumption in accounting?Time period assumption, also called periodicity assumption, is an accounting concept that states that the economic activities of a business may be broken down into small and regular time intervals, such as monthly, quarterly, or yearly periods, and reported on financial statements for those periods.Furthermore, financial statements are constructed with a specific time period in mind and are relevant to the needs of the individuals who utilize them, such as creditors, investors, and other stakeholders. The purpose of the time period assumption in accounting is to make the financial statements more accurate and relevant to stakeholders.
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Keynes argued that an increase in expenditure of $10 billion has an even larger impact
on national output or GDP because
those who get jobs can consume more, causing companies to expand and hire more people.
the economic expansion causes an increase in imports.
the government usually contributes to economic expansions.
businesses get confident.
2. Which theorist did not believe that an increase in the capital stock would tend to
reduce the (actual or expected) profit rate?
Smith
Marx.
Sraffa.
Keynes.
None, these economists all thought more capital would mean a lower profit rate.
Keynes argued that an increase in expenditure of $10 billion has an even larger impact on national output or GDP because those who get jobs can consume more, causing companies to expand and hire more people.
According to Keynesian economics, an increase in aggregate demand, such as government spending or consumer expenditure, can lead to a multiplier effect. When individuals receive income through employment, they tend to spend a portion of that income, creating additional demand for goods and services. This increase in demand encourages businesses to expand production, hire more workers, and further stimulate economic activity. Therefore, Keynes believed that an increase in expenditure has a multiplier effect, leading to a larger impact on national output or GDP.
2. The correct option is "Sraffa".
Explanation: Piero Sraffa, an Italian economist, did not believe that an increase in the capital stock would tend to reduce the (actual or expected) profit rate. Sraffa's work, particularly in his book "Production of Commodities by Means of Commodities," focused on the relationship between capital and profits. He argued that the distribution of income and profits is determined by the relative prices of commodities and the wage rate, rather than the level of capital accumulation. Unlike Smith, Marx, and Keynes, Sraffa's analysis challenged the notion that more capital necessarily leads to a lower profit rate.
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Marketing managers cannot control ____, but they can at times influence it.
a. where advertising is placed
b. the external environment
c. the sales force
d. the distribution strategy
e. how products are priced
It's a Marketing Course.
Marketing managers cannot control the external environment, but they can at times influence it.
Therefore, option B is the correct answer. Explanation: Marketing environment refers to the forces and factors that affect the performance of the organization and its ability to build and maintain successful customer relationships with its targeted customers. These forces and factors are uncontrollable and come from the external environment.
Therefore, marketing managers cannot control the external environment, but they can at times influence it. They need to identify these external environmental factors and develop effective strategies to deal with them to gain a competitive advantage.
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