Temporary policy interventions using increased government spending are generally more effective at counteracting demand-side shocks than supply-side shocks.
When the economy experiences a demand-side shock, increasing government spending can help boost demand and stimulate economic growth. This intervention involves injecting money into the economy, which can lead to increased consumption and investment.
On the other hand, supply-side shocks result from disruptions in the production of goods and services. In this case, increased government spending may not be as effective because it does not directly address the underlying issue of reduced production capacity.
Instead, interventions that focus on improving productivity, such as investment in infrastructure, education, or research and development, may be more suitable to address supply-side shocks.
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if a broker agrees to pay for remodeling of a home for the exclusive right to sell the home after the remodeling is completed, what type of agency exists?
If a broker agrees to pay for the remodelling of a home for the exclusive right to sell the home after the remodelling is completed, then a special agency exists.
This is because the broker is providing a special service to the homeowner by investing in the remodelling of the property. In this type of agency, the broker has a fiduciary duty to act in the best interest of the homeowner and must disclose any material facts or conflicts of interest that may arise during the transaction.
The homeowner still maintains ownership of the property and can choose to terminate the agency agreement at any time. This type of agency agreement can be beneficial for both parties as the homeowner receives the benefit of the remodelling without upfront costs, and the broker has a guaranteed listing after the remodelling is completed.
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When stock dividends are distributed, (Points : 3)Common Stock Dividends Distributable is decreased.Retained Earnings is decreased.Paid-in Capital in Excess of Par is debited if it is a small stock dividend.no entry is necessary if it is a large stock dividend.
When stock dividends are distributed, the impact on the financial statements depends on the size of the dividend.
If it is a small stock dividend, which typically involves distributing less than 20-25% of the company's outstanding shares, Common Stock Dividends Distributable is decreased. Retained Earnings is also decreased as the company transfers a portion of its retained earnings to common stock. Additionally, Paid-in Capital in Excess of Par is debited, as the value of the stock dividend is transferred from this account to common stock. However, if it is a large stock dividend, which typically involves distributing more than 20-25% of the company's outstanding shares, no entry is necessary, as the impact on the financial statements is considered minimal. It's important to note that accounting treatment for stock dividends may vary by jurisdiction and company-specific policies.
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During 2017, some Fed officials were concerned about potential increases to expected inflation. They wanted to find a way to fight it. Raising interest rates was a policy under consideration. if the public revised their expectations about future inflation upwards, would that affect the short run aggregate supply curve? How and why? 10pts. i) Use the aggregate demand and supply diagram to illustrate your answer.10pts.
Yes, if the public revised their expectations about future inflation upwards, it would affect the short run aggregate supply curve. This is because an increase in expected inflation would lead to an increase in input costs, such as wages and raw materials, for firms.
As a result, firms would have to increase their prices to maintain their profit margins, leading to a leftward shift of the short run aggregate supply curve.
In the aggregate demand and supply diagram, this would be illustrated as a leftward shift of the short run aggregate supply curve. This would result in a higher equilibrium price level and a lower equilibrium level of output.
The increase in expected inflation would also lead to a decrease in real wages, which would reduce consumer spending and decrease aggregate demand. This would lead to a further decrease in output and an increase in the price level.
Therefore, the Fed's policy of raising interest rates would be an attempt to curb inflation by reducing aggregate demand and slowing down economic growth. However, this policy could also lead to a decrease in investment and consumption, which could further decrease output in the short run.
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An economic benefit of non-toxic fly ash produced at a waste incinerator is the ash may:
A. be treated with a weak acid
B. be added to a landfill
C. be used in the production of cement blocks and cement flooring
D. require special toxic handling
E. be used in the production of plastic
An economic benefit of non-toxic fly ash produced at a waste incinerator is the ash may be used in the production of cement blocks and cement flooring. Thus, option C is correct.
What is fly ash?Fly ash, flue ash, cοal ash, οr pulverised fuel ash (in the UK) – plurale tantum: cοal cοmbustiοn residuals (CCRs) – is a cοal cοmbustiοn prοduct that is cοmpοsed οf the particulates (fine particles οf burned fuel) that are driven οut οf cοal-fired bοilers tοgether with the flue gases. Ash that falls tο the bοttοm οf the bοiler's cοmbustiοn chamber (cοmmοnly called a firebοx) is called bοttοm ash. In mοdern cοal-fired pοwer plants, fly ash is generally captured by electrοstatic precipitatοrs οr οther particle filtratiοn equipment befοre the flue gases reach the chimneys. Tοgether with bοttοm ash remοved frοm the bοttοm οf the bοiler, it is knοwn as cοal ash.
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classical marxist analysis argues that everything is ultimately determined by the economy, even if that process sometimes requires many complicated steps. can economic factors explain racism?
Classical Marxist analysis posits that economic factors are the ultimate determinants of social phenomena, including racism.
While racism may manifest in many different ways and be influenced by various factors such as culture and politics, classical Marxist analysis argues that economic factors play a crucial role in shaping racial attitudes and behaviors. Specifically, economic inequality and competition for resources can create divisions and tensions between different racial groups, leading to the development and perpetuation of racist attitudes and behaviors.
Additionally, economic factors can also influence the distribution of resources and opportunities, creating disparities and disadvantages for certain racial groups that can contribute to the persistence of racism over time. Overall, while economic factors may not be the only or even the primary cause of racism, they do play a significant role in shaping its development and perpetuation.
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nielsen compiles ratings of television shows and then sells the information to other firms. nielsen conducts ________.
Nielsen compiles ratings of television shows and then sells the information to other firms. In this context, Nielsen conducts market research.
Market research is the process of gathering, analyzing, and interpreting information about a specific market, including its consumers, competitors, and trends. This helps companies make informed decisions about marketing strategies and product development.In the case of Nielsen, the market research consists of tracking viewership data for various television shows. By analyzing this data, they can determine the popularity of different programs, demographics of viewers, and peak times for watching certain shows. Nielsen collects this information through various methods, including surveys and electronic monitoring devices.Once Nielsen has compiled this data, they sell it to other firms, such as advertisers and television networks. These companies use the information to make decisions about advertising placements, content development, and programming schedules. This helps them maximize their reach and target the most relevant audience for their products and services.In summary, Nielsen conducts market research by collecting and analyzing television viewership data. This information is then sold to other firms to help them make informed decisions about their marketing and content strategies.For more such question on market research
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Refer to graph below showing the market for New York Giants jerseys. $15 12 9 6 6 3 3 0 1 2 3 4 5 6 7 Quantity Suppose New York implements a 54.50 tax on each jersey sold. How much will the New York Giants receive for each jersey after the tax? $7.50 $4.50 $10.00 $9.00
The New York Giants will receive $9.00 for each jersey sold after the implementation of a $54.50 tax per jersey.
Assuming that the tax is imposed on the buyers, the market price of the jerseys will increase by the amount of the tax to $69.50 ($15 + $54.50). As a result, the quantity demanded of jerseys will decrease, leading to a shift along the demand curve. At the same time, the quantity supplied of jerseys will increase, leading to a shift along the supply curve. The new equilibrium price and quantity will be determined by the intersection of the new demand and supply curves. After the tax, the price received by the New York Giants for each jersey will be lower than the original market price of $15. The amount received by the Giants will depend on the new equilibrium price, which is likely to be lower due to the decrease in quantity demanded. Therefore, the Giants will receive less than $15 per jersey after the tax. Without knowing the new equilibrium price, it is not possible to determine the exact amount received by the Giants.
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The New York Giants receive for each jersey after the tax is given by $9.00 which is option D.
In the event that the tax is levied against the purchasers, the market price of the jerseys will rise to $69.50 ($15 + $54.50) as a result of the tax. As a result, the amount of jerseys requested will decline, causing a change in the demand curve. The supply of jerseys will grow concurrently, causing a change in the supply curve. The junction of the new demand and supply curves will establish the new equilibrium price and quantity. Each jersey will cost less to the New York Giants after the tax than it would at the $15 original market value.
The Giants' payout will be based on the new equilibrium price, which is probably going to be lower given the drop in quantity required. The Giants will thus get less than $15 for each shirt after the tax. The precise amount received by the Giants cannot be calculated without knowledge of the new equilibrium price.
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To profitably employ a best-cost provider strategy, a company must have the resources and capabilities to:
To profitably employ a best-cost provider strategy, a company must have the resources and capabilities to: optimize supply chain management, invest in innovation, market effectively, maintain high-quality control standards, and cultivate a culture of excellence.
To effectively implement a best-cost provider strategy, a company must possess the resources and capabilities to deliver a unique combination of value and affordability. The primary goal is to offer a product or service that meets or exceeds the quality and features of competitors, while maintaining a competitive pricing structure.
Firstly, a company must have a strong supply chain management system. This includes sourcing cost-effective materials, reducing production costs, and optimizing logistics. Efficient supply chain management can lead to lower overall expenses, enabling the company to maintain lower prices while still offering high-quality products.
Secondly, technological innovation and investment in research and development (R&D) are crucial. By staying at the forefront of industry advancements, a company can consistently offer improved products and services that surpass competitors. This can lead to increased customer satisfaction and loyalty, enhancing overall profitability.
Thirdly, a best-cost provider should focus on effective marketing and branding strategies to communicate their value proposition to customers. This includes targeting the right market segments and emphasizing the combination of quality and affordability in advertising campaigns.
Additionally, a company must maintain a robust quality control system to ensure that products and services meet the highest standards. This helps to build and sustain a positive reputation in the market, attracting and retaining customers.
Lastly, a strong organizational culture that promotes cost-consciousness and continuous improvement is vital. Employee training, efficient management, and a commitment to excellence are all essential elements in creating a workforce that consistently strives to achieve the goals of the best-cost provider strategy.
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quality charge capture ensures that payment and reimbursement rates are established for all of the following except _____. group of answer choices apcs drgs icd-10 hcpcs
All of the following, with the exception of ICD-10, which is a coding system for health conditions rather than a payment determination system, are covered by quality charge capture, which guarantees payment and reimbursement rates are established.
Quality charge capture is essential for ensuring accurate payment and reimbursement rates in healthcare settings. However, one of these options does not directly relate to establishing payment rates.
APCs (Ambulatory Payment Classifications) are used to determine the payment for outpatient services under the Medicare system. They group similar clinical services together to establish a standardized payment rate.
DRGs (Diagnosis-Related Groups) are a system for classifying hospital cases based on the diagnosis, treatments, and other factors. They help to determine the payment rate for inpatient hospital stays under the Medicare system.
ICD-10 (International Classification of Diseases, 10th revision) is a coding system used to classify and code diseases, symptoms, and other health conditions. While it helps with proper billing, it doesn't directly establish payment rates.
HCPCS (Healthcare Common Procedure Coding System) is a set of codes used to identify medical services and procedures for billing purposes. These codes are used in conjunction with other classification systems to establish payment rates.
In summary, quality charge capture ensures payment and reimbursement rates are established for all of the following except ICD-10, as it is a coding system for health conditions rather than a payment determination system.
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assume you win a $1,000,000 contest, and the prize will be paid in equal 10 equal installments over 10 years. the payments will be made on june 30 of each year beginning with june 30 this year. if the current rate of interest is 7 percent, what is the present value of your winnings? use the information in the table to determine your answer.
The present value of the $1,000,000 contest winnings to be paid in equal 10 installments over 10 years, beginning from June 30 of each year, at a 7% interest rate, is $671,011.69.
Using the present value of an annuity formula, we can find the present value of the winnings
PV = C x [(1 - (1 + r)^-n) / r]
where PV = present value, C = annual cash flow, r = discount rate, n = number of periods.
In this case, C = $100,000 (since the winnings are paid in 10 equal installments of $100,000), r = 7%, and n = 10.
Plugging in these values, we get:
PV = $100,000 x [(1 - (1 + 0.07)^-10) / 0.07] = $671,011.69
Therefore, the present value of the $1,000,000 winnings is $671,011.69.
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what are the trade-offs facing an investor who is considering buying a put option on an existing portfolio?
When an investor is considering buying a put option on an existing portfolio, there are trade-offs that need to be considered such as put option is a financial contract that gives buyer right, but not the obligation, to sell a particular asset at a predetermined price, known as strike price.
The primary benefit of buying a put option is that it provides downside protection to the portfolio, as it can be used to hedge against potential losses in the underlying assets. However, there are also some trade-offs that come with buying a put option.
One of the primary trade-offs is the cost of the put option. The premium paid for the option can eat into potential gains, particularly if the option expires without being exercised. Additionally, the investor will need to decide on the strike price and expiration date, which can be difficult to predict accurately.
Another trade-off to consider is the potential opportunity cost of holding the put option. If the underlying asset experiences significant gains, the investor will not benefit from those gains, as the put option limits their potential profits.
Overall, while buying a put option can provide downside protection for an existing portfolio, investors should carefully weigh the potential trade-offs before making a decision.
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an increase in demand in a perfectly competitive, increasing cost industry will ultimately result in a price that is ______________ the original price
higher than the original price. In a perfectly competitive, increasing cost industry, an increase in demand will lead to an increase in the price of the product.
This is because in a perfectly competitive market, where there are many buyers and sellers with no market power, the price is determined by the intersection of the industry's supply and demand curves.
As demand increases, the quantity demanded exceeds the quantity supplied at the original price. This creates a temporary shortage, which prompts firms to increase production to meet the higher demand. However, in an increasing cost industry, firms face higher costs of production as they increase output due to diminishing returns or other factors. As a result, firms may need to raise prices to cover the higher production costs, leading to an eventual increase in the price of the product above the original price.
Overall, an increase in demand in a perfectly competitive, increasing cost industry is likely to result in a price that is higher than the original price to restore equilibrium between supply and demand.
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beta co., during year 1, paid $14,000 for direct materials and $19,000 for production workers' wages. lease payments and utilities on the production facilities amounted to $17,000 while general, selling, and administrative expenses totaled $8,000. the company produced 5,000 units and sold 3,000 units at a price of $15.00 a unit. what is beta co.'s cost of goods sold for the year?
During the first year, $14,000 was spent on direct supplies and $19,000 was spent on pay for manufacturing staff. Beta Co.'s cost of goods sold for the year is $34,800.
To calculate Beta Co.'s cost of goods sold (COGS), we need to first determine the total production cost.
Total production cost = Direct materials + Direct labor + Overhead costs
Direct materials = $14,000
Direct labor = $19,000
Overhead costs = Lease payments and utilities on the production facilities + General, selling, and administrative expenses
= $17,000 + $8,000
= $25,000
Total production cost = $14,000 + $19,000 + $25,000
= $58,000
Next, we need to determine the cost of goods manufactured (COGM), which is the cost of the goods that were produced during the year.
COGM = Total production cost / Number of units produced
COGM = $58,000 / 5,000 units = $11.60 per unit
Finally, we can calculate the cost of goods sold (COGS) using the COGM and the number of units sold.
COGS = COGM × Number of units sold
COGS = $11.60 × 3,000 units
= $34,800
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A winning strategy is one that:
Select one:
a. builds strategic fit, is socially responsible, and maximizes shareholder wealth.
b. is highly profitable and boosts the company's market share.
c. fits the company's internal and external situation, builds sustainable competitive advantage, and improves company performance.
d. results in a company becoming the dominant industry leader.
e. can pass the ethical standards test, the strategic intent test, and the profitability test.
The correct answer is c. A winning strategy is one that fits the company's internal and external situation, builds sustainable competitive advantage, and improves company performance.
It is important for a strategy to consider the company's unique position and resources, while also creating a long-term advantage over competitors. This type of strategy focuses on creating value for all stakeholders, including shareholders, employees, customers, and the wider community.
It also takes into account ethical considerations and aligns with the company's values and purpose.
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Present value with multiple cash flows:Saul Cervantes has just purchased some equipment for his landscaping business. For this equipment he must pay the following amounts at the end of each of the next five years: $10,450, $8,500, $9,675, $12,500, and $11,635. If the appropriate discount rate is 10.875 percent, what is the cost in today's dollars of the equipment Saul purchased today?
The cost in today's dollars of the equipment Saul purchased today, with payments due at the end of each of the next 5 years, and a discount rate of 10.875 percent, is $38,652.76.
To calculate the present value of the equipment, we need to discount each payment to its present value and then sum up all of the present values. Using a financial calculator or spreadsheet program, we can input the following values:
N = 5 (number of payments)I/Y = 10.875% (discount rate)PMT = -10,450 (payment in year 1)PMT = -8,500 (payment in year 2)PMT = -9,675 (payment in year 3)PMT = -12,500 (payment in year 4)PMT = -11,635 (payment in year 5)By solving for the present value (PV) of each payment, we get:
PV1 = $9,364.90PV2 = $6,847.26PV3 = $7,432.62PV4 = $8,567.04PV5 = $6,441.94Finally, by summing up all of the present values, we get:
PV = $9,364.90 + $6,847.26 + $7,432.62 + $8,567.04 + $6,441.94 PV = $38,652.76Therefore, the cost in today's dollars of the equipment Saul purchased today is $38,652.76.
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given the following information, what are the values of m1 and m2? small time deposits $1,800 billion demand deposits and other checkable deposits $1,000 billion savings deposits $1,400 billion money market mutual funds $1,000 billion traveler's checks $50 billion large time deposits $600 billion currency $300 billion miscellaneous categories in m2 $50 billion a. m1
The values of M1 and M2 deposits through the information given is, M1 = $1, 350 billion, M2 = $5, 600 billion option B.
A deposit is money that needs to be transferred from one party to another and is kept in a bank account or with another financial organization. The sum of money used as security or collateral for the delivery of goods or services can also be referred to as a deposit.
We have,
Small-time deposits $1,800 billion
Demand deposits and other checkable deposits $1000 billion
Savings deposits $1,400 billion
Money market mutual funds $1,000 billion
Traveler's checks $50 billion
Large time deposits $600 billion
Currency $300 billion
Miscellaneous categories in M2 $50 billion.
Deposits are the sums of money that people choose to keep with financial organisations. There are several sorts of deposits, including time deposits, demand deposits, and others.
M1 can be computed as the sum of currency, traveler's check, and demand deposits, and other checkable deposits.
M1 = 300 + 50 + 1000 = 1350
The M1 is $1350 billion.
M2 can be computed as the sum of M1, small- and large time deposits, savings deposits, money market mutual funds, and, miscellaneous categories in M2.
M2 = 1350 + 1800 + 1400 + 1000 + 50
M2 = 5600.
The M2 is $5600 billion.
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Complete question';
given the following information, what are the values of m1 and m2? small time deposits $1,800 billion demand deposits and other checkable deposits $1,000 billion savings deposits $1,400 billion money market mutual funds $1,000 billion traveler's checks $50 billion large time deposits $600 billion currency $300 billion miscellaneous categories in m2 $50 billion.
a. M1 = $3, 150 billion, M2 = $6, 200 billion.
b. M1 = $1, 350 billion, M2 = $5, 600 billion.
c. M1 = $1, 400 billion, M2 = $6, 200billion.
d. Ml = $1, 300 billion, M2 = $5, 600 billion.
What does the duty to indemnify require a principal to pay?
The duty to indemnify is a legal obligation for a principal to pay for any losses, damages, or expenses incurred by an agent or third party due to the principal's actions or inactions
The duty to indemnify can arise in various situations, such as when a principal hires an agent to act on their behalf, or when a principal contracts with a third party to perform services for them. In these situations, the principal may be held responsible for any damages caused by the actions of their agent or third party contractor.For example, if a principal hires a contractor to build a new office building, and the contractor accidentally damages neighboring property during construction, the principal may be required to indemnify the property owner for any losses incurred as a result of the damage.
Overall, the duty to indemnify is an important legal requirement that helps ensure that principals take responsibility for the actions of their agents and contractors, and provides a mechanism for compensating those who are harmed by those actions.
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Formulating strategy, deciding how to allocate resources within a firm, and evaluating the performance of managers and giving feedback are examples of control systems.
True
False
The given statements "Formulating strategy, deciding how to allocate resources within a firm, and evaluating the performance of managers and giving feedback are examples of control systems" is False.
Formulating strategy and deciding how to allocate resources within a firm are examples of planning processes, while evaluating the performance of managers and giving feedback are examples of management processes.
Control systems are processes that help monitor and ensure that the plans and actions of the firm are aligned with its goals and objectives, and make necessary adjustments if there are deviations from the plan. Examples of control systems include budgeting, performance measurement, and internal controls.
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In a Relational Database, there are several vital rules in the creation of the RDBMS that must be met for a database to be well designed. The rule that a foreign key can be null or must represent the primary key of another tables is called:The Unique Foreign Key Rule
The Unique Attribute Rule
The Foreign Key Rule
The Entity Integrity Rule
The Referential Integrity Rule
The One Fact in One Place Rule
The rule that a foreign key can be null or must represent the primary key of another table is called the Referential Integrity Rule in a Relational Database.
The Referential Integrity Rule is one of the fundamental rules in database design. It ensures that the relationships between tables are maintained and that there are no orphaned records.
A foreign key is a field in a table that refers to the primary key of another table. This relationship is essential to maintain consistency and integrity in the database. The Referential Integrity Rule requires that the foreign key value must either be null or match a value in the primary key of the referenced table.
If a foreign key value is null, it indicates that there is no relationship between the tables. On the other hand, if the foreign key value is not null, it must match a value in the primary key of the referenced table.
If the referenced record is deleted or modified, the integrity of the relationship is maintained, and the referential integrity rule ensures that the dependent records are also deleted or modified accordingly.
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On December 31, 2016, Continuous Computing leased a set of servers from Harry’s Hardware with annual payments of $45,000 for 3 years. The servers are expected to have a useful life of 4 years and have an ordinary selling price of $140,000. Continuous Computing’s average borrowing rate is 6%. On January 1, 2018, the lease is renegotiated to be extended by two years and lease payments increase to $65,000 per year, effective immediately. Harry’s Hardware originally purchased the servers for $80,000 and depreciates all assets according to the straight-line method. PLEASE PLEASE SHOW ME WHERE ARE THE NUMBERS COMING FROM.
The numbers in this scenario come from the terms and conditions of the lease agreement between Continuous Computing and Harry's Hardware, and the accounting practices of both companies.
In this scenario, Continuous Computing leased servers from Harry's Hardware on December 31, 2016, for three years with annual payments of $45,000. The servers have an ordinary selling price of $140,000 and a useful life of four years. Continuous Computing's average borrowing rate is 6%. On January 1, 2018, the lease was renegotiated, extending it by two years, and the annual lease payments increased to $65,000.
To better understand the numbers, let's break it down:
1. Lease term: Initially, the lease was for three years, but it was extended by two years after renegotiation, making the total lease term five years.
2. Annual lease payments: Initially, the annual lease payment was $45,000. After renegotiation, it increased to $65,000.
3. Ordinary selling price: The servers have a selling price of $140,000.
4. Useful life: The servers are expected to be useful for four years.
5. Average borrowing rate: Continuous Computing has a 6% borrowing rate.
6. Harry's Hardware's purchase and depreciation: Harry's Hardware purchased the servers for $80,000 and uses the straight-line depreciation method.
The numbers in this scenario come from the terms and conditions of the lease agreement between Continuous Computing and Harry's Hardware, and the accounting practices of both companies. The initial annual lease payment of $45,000 and the renegotiated payment of $65,000 are agreed upon by both parties. The useful life of the servers and their ordinary selling price are determined by the manufacturer and market conditions. Finally, the depreciation method and original purchase price of the servers come from Harry's Hardware's financial records.
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if customers already have a positive attitude about a product, which promotional objective would you recommend?
If customers already have a positive attitude about a product, the promotional objective to recommend is reinforcement.
Reinforcement is a promotional strategy that is aimed at reminding customers of the benefits of a product or service they have already used or purchased, with the goal of encouraging repeat business.
This strategy is most effective when customers have already developed a positive attitude towards the product or service, as it helps to solidify their loyalty and reinforces their decision to purchase in the first place.
Some common tactics for reinforcement include loyalty programs, email newsletters, and personalized communications that highlight the unique benefits of the product or service.
By continuing to promote the product in this way, businesses can maintain their customers' positive attitudes and ensure that they remain loyal to the brand.
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franklin modems has excess production capacity and is considering the possibility of making and selling paging equipment. the following estimates are based on a production and sales volume of 1,700 pagers. unit-level manufacturing costs are expected to be $27. sales commissions will be established at $1.70 per unit. the current facility-level costs, including depreciation on manufacturing equipment ($67,000), rent on the manufacturing facility ($57,000), depreciation on the administrative equipment ($14,100), and other fixed administrative expenses ($75,450), will not be affected by the production of the pagers. the chief accountant has decided to allocate the facility-level costs to the existing product (modems) and to the new product (pagers) on the basis of the number of units of product made (i.e., 5,700 modems and 1,700 pagers). required a. determine the per-unit cost of making and selling 1,700 pagers. (do not round intermediate calculations. round your answer to 3 decimal places.) b. assuming the pagers could be sold at a price of $41 each, should franklin make the pagers?
a. The per-unit cost of making and selling 1,700 pagers is $37.82.
b. The profit per unit on selling 1,700 pagers is $3.18
a. Per-unit cost of making and selling 1,700 pagers
Total unit-level manufacturing costs = $27 per unit
Total sales commissions = $1.70 per unit
Total facility-level costs = ($67,000 + $57,000 + $14,100 + $75,450) = $213,550
Facility-level cost allocation to pagers = ($213,550 * 1,700) / (5,700 + 1,700) = $64,062
Total cost per unit = Unit-level manufacturing costs + Sales commissions + Facility-level costs per unit
= $27 + $1.70 + ($64,062 / 1,700)
= $37.82
Therefore, the per-unit cost of making and selling 1,700 pagers is $37.82.
b. Profit per unit on selling 1,700 pagers
Selling price per unit = $41
Profit per unit = Selling price per unit - Total cost per unit
= $41 - $37.82
= $3.18
The profit per unit on selling 1,700 pagers is $3.18.
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In terms of a pricing strategy, ________ adds value by reducing consumers search costs; consumers can spend less of their valuable time comparing prices, including sale prices, at different stores.
In terms of a pricing strategy, implementing a consistent and competitive pricing model adds value by reducing consumers' search costs.
Consumers often spend significant amounts of time comparing prices, including sale prices, at different stores in order to ensure they are getting the best deal possible.
By offering consistent and competitive pricing, retailers can eliminate the need for consumers to conduct extensive research in order to find the best deal. This not only saves consumers valuable time but also provides them with peace of mind, knowing that they are getting a fair price for the product they are purchasing.In addition to reducing search costs, a consistent and competitive pricing model can also help retailers build a loyal customer base.
Consumers who feel that they are consistently getting a good deal are more likely to return to the same store for future purchases, which can increase customer retention rates and drive long-term revenue growth.Overall, by reducing consumers' search costs and offering a fair and consistent pricing model, retailers can add significant value to their customers and build a strong and loyal customer base.
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if you invest $15,000 in a bank account that pays 6% interest. how much will you have in your account in 10 years g
After 10 years, $15,000 invested inside a bank account earning 6% interest will have grown to $24,964.27.
This is due to compound interest's strength. Compound interest is when interest is computed on a higher balance after the principal and interest on the initial investment have been added together.
Your initial $15,000 investment will have increased to $24,964.27 after 10 years if compounding at the a rate of 6%. It's vital to keep in mind that this is presuming that there be no further contributions or withdrawals during the 10-year term. Also, depending on how frequently the account is compounded, the actual amount gained may change.
To talk about your investing possibilities and goals, it is always a worthwhile endeavor to speak with a financial counsellor.
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the following graph shows the marginal and average product curves for labor, the firm's only variable input. the monthly wage for labor is $2,000. fixed cost is $120,000. when the firm uses 100 units of labor, what is marginal cost at this level of output?
$18.18 is the marginal cost at output level of 100 units
Marginal cost is the addition to TC or TVC when one more unit of output is produced .
MC = ∆TC/∆Q
Fixed cost is given $120,000.
Quantity and Total cost of labour at 60 units .
Q= L×APL
L = 60 , APL = 60
Q = 60×60
Q = 36,000.
Total cost = total variable cost + total fixed cost
TVC = Q × monthly wage of labour
TVC = 60× 2,000 = 120,000.
TC = 120,000+120,000. = 240,000.
Quantity and total cost of labor at 100 units .
Q = L ×APL = 100×80 = 8,000.
TVC = 2,000×100 = 200,000.
TC = 200,000+120,000=320,000.
MC at 100 units of labour = ∆TC /∆Q = (320,000-240,000)/8,000-3,600) = 80,000/4,400= $18.18.
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the complete question is :
The graph displayed illustrates both the marginal and average product curves for labor, which is the only variable input used by the firm. The labor is compensated with a monthly wage of $2,000 while the fixed cost is $120,000. At a labor utilization level of 100 units, what is the marginal cost for this level of output?
Opaque process is one which is easy to document and has imprecise metrics.
True
False
The given statement "An opaque process is one which is difficult to understand or see-through, and imprecise metrics are measurements that are not very accurate or exact" is False.
An opaque process is one that is difficult to understand or explain due to its complexity, lack of transparency, or lack of information. In contrast, a transparent process is one that is easily understood and can be explained clearly to others. The statement claims that an opaque process is easy to document, which contradicts the actual definition of an opaque process.
Therefore, the statement "Opaque process is one which is easy to document and has imprecise metrics" is incorrect. If a process is easy to document, it is likely to be transparent rather than opaque. Additionally, having imprecise metrics could make it difficult to understand and analyze the process, which would make it more opaque rather than transparent.
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marketing executives at duracell want to analyze the number of energizer customers who switch to its battery when duracell is offered at a deep discount. what data would likely show this information?
To analyze the number of Energizer customers who switch to Duracell batteries when offered at a deep discount, marketing executives at Duracell would likely need to gather and analyze the following data:
1. Pre-discount sales data: Obtain sales data for both Duracell and Energizer batteries before the discount period. This will provide a baseline to compare against the sales data during the discount period.
2. Discount period sales data: Collect sales data for Duracell and Energizer batteries during the discount period. This will help determine the change in sales for both brands.
3. Customer surveys or feedback: Conduct surveys or gather customer feedback to directly ask customers about their battery preferences and whether the discount influenced their decision to switch from Energizer to Duracell.
4. Market share analysis: Compare the market share of Duracell and Energizer before and after the discount period. An increase in Duracell's market share during the discount period may indicate a shift of customers from Energizer to Duracell.
By analyzing this data, marketing executives at Duracell can estimate the number of Energizer customers who switched to Duracell batteries due to the deep discount offer.
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If technological change increases the profitability of new investment for firms, then the ________ curve for loanable funds will shift to the ________ and the equilibrium real interest rate will ________.
If technological change increases the profitability of new investment for firms, then the "demand" curve for loanable funds will shift to the "right" and the equilibrium real interest rate will "increase".
Technological change that increases the profitability of new investments can lead to higher returns and increased profitability for firms. As a result, firms may seek to borrow more funds to finance these profitable investments, leading to an increase in demand for loanable funds. This increased demand for loanable funds would shift the demand curve to the right, indicating that firms are willing to borrow more at each given interest rate.
The shift in the demand curve to the right would result in an increase in the equilibrium real interest rate. This is because the higher demand for loanable funds would put upward pressure on interest rates as firms are willing to pay higher interest rates to obtain the funds they need for profitable investments.
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sales$ 700,000 variable cost of goods sold200,000 fixed overhead174,000 variable selling and administrative expenses66,000 fixed selling and administrative expenses64,000 compute contribution margin.
To compute the contribution margin, we need to subtract the variable costs from the sales revenue.
Variable costs = cost of goods sold + variable selling and administrative expenses
= $200,000 + $66,000
= $266,000
Contribution margin = Sales revenue - Variable costs
= $700,000 - $266,000
= $434,000
The contribution margin represents the amount of revenue that is available to cover the fixed overhead and fixed selling and administrative expenses, as well as generate profit. It is an important metric for businesses to track as it helps in decision-making related to pricing, production, and overall profitability.
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If $2,000 is withdrawn from the bank by a customer, the bank:________
If $2,000 is withdrawn from the bank by a customer, the bank will have less money in its reserves. This is because the bank keeps a certain amount of cash on hand to meet the demands of its customers, and when a customer withdraws money, the bank has to reduce its cash reserves accordingly.
In addition to reducing the bank's cash reserves, a withdrawal of $2,000 may also impact the customer's account balance. Depending on the type of account the customer has and their current balance, the withdrawal could result in a lower account balance, potential overdraft fees, or other account-related charges.To ensure that the bank can continue to meet the needs of its customers and maintain its financial stability, it is important for the bank to monitor its cash reserves and adjust them as necessary.
Banks also have various measures in place to manage the risks associated with withdrawals, such as limiting the amount that can be withdrawn in a single transaction or requiring advance notice for large withdrawals.Overall, while a $2,000 withdrawal from the bank by a customer may seem like a relatively small amount, it can have significant implications for both the customer and the bank. As such, it is important for both parties to carefully manage their finances and work together to ensure that all transactions are carried out smoothly and securely.
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