12 households earn $12, 4 households earn $2, and 4 households earn $4. What is the share of total income that the top 40% earns? (Write your answer with two decimal points in percentage. Type your answer as XX.xx, not as XX.xx%)
Answers
To find the share of total income that the top 40% earns, we need to calculate the total income and then determine the income threshold for the top 40%.
Let's calculate the total income:
Total income = (12 households × $12) + (4 households × $2) + (4 households × $4)
Total income = $144 + $8 + $16
Total income = $168
Next, we need to determine the income threshold for the top 40%. Since the households are sorted by income, we can calculate the cutoff point by finding the 40th percentile.
The 40th percentile is calculated as:
40% of total households = 0.4 × (12 households + 4 households + 4 households)
40% of total households = 0.4 × 20 households
40% of total households = 8 households
From the given data, we see that the top 8 households earn $12 each, totaling $96.
Finally, we can calculate the share of total income that the top 40% earns:
Share of total income = (Income of top 40% / Total income) × 100
Share of total income = ($96 / $168) × 100
Share of total income ≈ 57.14%
Therefore, the share of total income that the top 40% earns is approximately 57.14%.
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Related Questions
A group of sellers who agree to restrict their collective output in order to drive up prices above marginal costs is a:
Answers
The name which is given to a group of sellers who agree to restrict their collective output in order to drive up prices above marginal costs is known as a:
CartelAccording to the given question, we are asked to show the term which can be best used to describe a group of sellers who make an agreement to reduce their collective output so that price of goods would increase above their marginal costs.
As a result of this, we can see that this group of people in the business world are known as cartel because they behave unethically so that they could have increased profit on sales.
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This paragraph consists of simple sentences:
The company’s research team traveled to Japan last winter. The group wanted to study ancient techniques for preserving documents. The research team had heard a lot about Osaka silk films. The team members visited many places. They found some good examples of wax-coated scrolls. The scrolls were in a library in Osaka. They did not come across any of those traditional silk films.The team members came back to Chicago. They were disappointed. The research team had nothing to show for their efforts.
Revise the paragraph in the space below to vary the syntax.
Answers
Answer: Last winter, the company’s research team members visited Japan. They were eager to explore ancient Japanese techniques for preserving documents. After visiting many places, the team found some fine examples of wax-coated scrolls in a library in Osaka. However, they couldn’t find the famous silk films that they wanted to see. Disappointed, they returned to Chicago .
The given the sentence was the converted the simple sentence was the company as the visited into the Japan as the share the experiences to the last winter.
What is sentences?The term sentence is to define the proper meaning of, to clarify. The sentence is the completeness of to clarify the proper meaning. The grammatical arranged to the represent are the writing style. The language was to convey to the thoughts, ideas, and the share the preferences.
Members of the company's research team traveled to Japan last winter. They were keen to learn about old Japanese document preservation procedures. After investigating numerous locations, the crew discovered some beautiful examples of putty scrolls in an Osaka library. However, they were unable to locate the famed silk films that they desired to see. They returned to Chicago, dissatisfied.
As a result, the given the sentence was the converted the simple sentence was the company as the visited into the Japan as the share the experiences to the last winter.
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Suppose General Electric payed its line workers $12 per hour
Answers
The relevant answers with regard to real wages are as follows:
A) $10.08
B) 10.89
C) 19.05. See explanation below.
What is the computation justifying the above results?[A]
Recall that Real Wages are computed as follows;
Real Wages = (Nominal Wage/CPI in the Given Year) x CPI in the base year
12 = (N/84) x 100
= 10.08
[B]
The formula for real wage still stands:
Hence,
12 x 1.08 = (N/84) x 100
= 10.89
One thing to keep in mind is that the percentage rise in real wages is always equal to the percentage increase in nominal wages. The same may be demonstrated with other values.
[C]
It is to be noted that the real wage is pegged at $12 which is same from the prior year.
Hence, percentage increase = 0
But because $12 is Nominal in the incumbent year,
[(12 - 10.08)/10.08] x 100
= 92/10.08
= 19.05
What is real wages?Real wages are earnings adjusted for inflation, or pay expressed in terms of the quantity of goods and services that may be purchased. In contrast to nominal wages or unadjusted wages, this word is used.
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Full Question:
Suppose General Electric paid its line workers $12 per hour in 2015 when the Consumer Price Index was 100. Suppose that deflation occurred and the aggregate price level fell to 84 in 2016. Instructions: Round your answers to two decimal places. a. GE needed to pay its workers $ in 2016 in order to keep the real wage fixed at $12. b. GE needed to pay its workers $ in 2016 if it wanted to increase the real wage by 8 percent. c. If GE kept the wage fixed at $12 per hour in 2016, in real terms, its workers got a % increase in wages.
If the assets of a business stay the same from one month to the next and the liabilities increase, the
owner's equity will decrease.
True
False
Answers
Pam's business earns 33,000 per month. Pam's non-employee expenses are $13,500 per month. If Pam wants $4,500 in profit per month, how many employees can she employ if each employee costs $3,000 per month?
Answers
The number of employee that she can employ if each employee costs $3,000 per month is 5 employees.
Using this formula
Number of employee=Business amount earn per month-Non -employee expenses per month-Profit per month/Employee cost
Let plug in the formula
Number of employee=$33,000-$13,500-$4,500/3,000
Number of employee=$15,000/3,000
Number of employee=5 employees
Inconclusion the number of employee that she can employ if each employee costs $3,000 per month is 5 employees.
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what should you consider regarding auto insurance before buying a vehicle
Answers
Answer:both a and c
Explanation:
i did the quiz
What is the role of the third part in mediation?
A. Adversary
B.Advocate
C.Friend
D.Facilitator
Answers
Answer:
b
Explanation:
Answer:
facilitator
Explanation:
consider the relational schema for a company: employee(person_name, street, city) works(person_name, company_name, salary) company(company_name, city) manages(person name, manager name)
Answers
The relational schema for the company consists of four tables: employee, works, company, and manages.
The tables store information about employees, their work details, companies, and the managers of employees. The relational schema consists of the following tables:
Employee: This table contains information about employees, including their person name, street address, and city.Works: This table stores the work details of employees, including their person name, company name, and salary. It establishes a relationship between employees and the companies they work for.Company: This table contains information about companies, including the company name and the city where the company is located.Manages: This table represents the management relationship between employees. It stores the person name of an employee and the name of their manager.By using this relational schema, various queries and analyses can be performed to retrieve information about employees, their work details, companies, and the managerial relationships within the organization. The tables are linked through key attributes, such as person name, company name, and manager name, allowing for efficient retrieval and manipulation of data.
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in one paragraph, explain the pricing factor of competitor pricing. why does what the competitors charge affect pricing? consider that some companies charge more or less as the competition for the same product.
Answers
Competitive pricing means strategically pricing a product or service based on competitors' pricing in a market or niche, rather than pricing based solely on the cost of doing business or desired profit margins. It's the process of choosing.
The begining of statement: "Pricing is the most important aspect of your business." No other means has such a big impact on improving your bottom line. I elaborated on this claim in my previous pricing strategy post, and found that a 1% improvement in pricing optimization resulted in an 11.1% increase in average profit.
competitor-based pricing can help you get there if you get it right. Remember, pricing is a process intended to remove as much suspicion as possible for key stakeholders to make profit-maximizing decisions.
Competitors determines the market price because the higher the demand for the toy (competition among buyers), the higher the price of paid by consumers and the more profitable the manufacturer. .
For example, in November 2014, Amazon expects about 80 million items to have price fluctuations in preparation for the holiday season. Other retailers, including Walmart and Best Buy, have announced price-matching programs that allow Walmart and Best Buy customers to risk switching to his Amazon for price reasons alone. I was able to get the product at a lower price without it.
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kiwi interests is a partnership with a tax year that ends on september 30, 2021. during that year, kereru, a partner, received $2,000 per month as a guaranteed payment, and his share of partnership income after guaranteed payments was $14,000. for october through december of 2021, kereru received guaranteed payments of $3,000 per month. calculate the total amount of income from the partnership that kereru should report for the tax year ended december 31, 2021. $fill in the blank 1
Answers
The total amount of income from the partnership that Kereru should report for the tax year that ended December 31, 2021, is $19,000.
Add the guaranteed payments that Kereru has received from October to December 2021:
$3,000 + $3,000 + $3,000 = $9,000
Add Kereru's share of partnership income after guaranteed payments for the tax year ended September 30, 2021:
$14,000
Add the two amounts:
$9,000 + $14,000 = $23,000
Subtract the guaranteed payments that Kereru has received from January to September 2021:
$23,000 - $2,000 x 9 = $19,000
Therefore, the total amount of income from the partnership that Kereru should report for the tax year ended December 31, 2021, is $19,000.
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Once a marketing campaign is executed, it should be ________________ for effectiveness.
- evaluated
- created
- engineered
- designed
Answers
Answer:
evaluated
Explanation:
To evaluate is to carefully and skillful determine the merits, benefits, significance, nature, character, or relevance of something or someone. The process of evaluation highlights the strengths of the subject matter and reveals its weaknesses.
Evaluating a marketing campaign will determine its level of success and point out areas that need improvement.
the exponential form of 6×6×6×6 is 6 the base is 4 True or False?
Answers
Identify the following users as either external users (E) or internal users (I). a. Customers e. Managers i. Controllers b. Suppliers f. District attorney j. FBI and IRS c. Brokers g. Shareholders k. Consumer group d. Business press h. Lenders l. Directors
Answers
A. Customer, B. Suppliers, C. Brokers, D. Business press, F. District Attorney, H. Lenders, J. FBI and IRS, K. Consumer group, these all are external users and E. Managers, G. Shareholders, I. Controllers, L. Directors are internal users.
Internal and external users: what are they?
Managers and other staff who work internally are among the users of financial data who confirm prior outcomes and aid in making modifications for upcoming actions. External users are those outside the company who make choices or assess the performance of an institution using financial information. Internal and external parties use accounting data. Internal users include the company's owners, directors, managers, and employees. External users include creditors, investors, the government, trading partners, regulatory agencies, international standardisation organizations, and journalists.
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EXAMPLE 1: invests $500 at a simple
interest rate of 6%. How much interest will he earn in
one month? In six months? In one year?
Answers
Six months: $180
One year: $360
Suppose the U.S. dollar substantially depreciates against the Japanese yen. The change in the exchange rate:
a. Can have significant economic consequences for U.S. firms.
b. Can have significant economic consequences for Japanese firms.
c. Can have significant economic consequences for both U.S. and Japanese firms.
d. None of the above
Answers
A significant depreciation of the U.S. dollar against the Japanese yen can have significant economic consequences for both U.S. and Japanese firms. So, the correct answer is c.
U.S. firms exporting goods to Japan would find their products more expensive, making them less competitive in the Japanese market. This could lead to a decrease in demand for U.S. goods, which would ultimately impact the bottom line of U.S. firms.
On the other hand, Japanese firms exporting goods to the U.S. would find their products cheaper, making them more competitive in the U.S. market. This could lead to an increase in demand for Japanese goods, which would be beneficial for Japanese firms. However, the same depreciation could also make imports from Japan more expensive for U.S. consumers, leading to inflation and potentially hurting the overall economy.
Thus, it is safe to say that a significant change in the exchange rate between the U.S. dollar and the Japanese yen can have far-reaching economic consequences for both U.S. and Japanese firms.
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Quick! Suppose a local pizza place is hiring, with a big sign in the window saying HELP WANTED. You walk in, interested in the job. What would you say to convince them to hire you?
Answers
Free cash flow (FCF) and net income (NI) differ in the following ways:
I) Net income accrues to shareholders, calculated after interest expense; free cash flow is calculated before interest.
II) Net income is calculated after various noncash expenses, including depreciation; FCF adds back depreciation.
III) Capital expenditures and investments in working capital do not appear in net income calculations; however, they do reduce free cash flows.
IV) Net income is never negative; free cash flows can be negative for rapidly growing firms, even if the firm is profitable, because investments can exceed cash flows from operations.
a.
I only
b.
I and II only
c.
I, II, and III only
d.
I, II, III, and IV
Answers
Answer:
c. I, II, and III only
Explanation:
As we know that
Free cash flow = Earnings before Interest and Taxes × (1-Tax Rate) + Amortization and Depreciation expense - Change in Net Working Capital -Capital Expenditure
And, the Net income is determined after considering all cash and non cash expenses.
Therefore, I, II and III statements are considered
Hence, the option c is correct
Which of the following does NOT describe personalization implemented as a CRM program?
a. It helps retailers to convert their unprofitable customers in the lead segment in the customer pyramid to best customers.
b. It overcomes a limitation of CRM strategies which treat all customers in a platinum segment identical.
c. With the availability of customer-level data and analysis tools, retailers can now economically offer unique benefits and target messages to individual customers.
d. The Internet channel provides an opportunity for retailers to automate personalization and efficiently develop relationships similar to those that many small local retailers have with customers.
Answers
The answer is option d. Option d does not describe personalization implemented as a CRM program.
It states that the Internet channel provides an opportunity for retailers to automate personalization and develop relationships similar to those of small local retailers with customers.
However, personalization implemented as a CRM program goes beyond automation and focuses on leveraging customer-level data and analysis tools to offer unique benefits and target messages to individual customers.
It aims to create personalized experiences that treat customers as unique individuals, rather than treating them all the same based on a segment.
Personalization in CRM programs helps retailers convert unprofitable customers into their best customers and overcomes the limitation of treating all customers in a platinum segment identically. The answer is option d.
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Which of the following characteristics of tourism services explains which guests need to be present when the service is being performed?
Answers
outline 2 advantages to H&H of using secondary market research
Answers
Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable
What is your opinion on bankruptcy? If someone accumulates a great deal of debt, who should be responsible for that? What about if a business accumulates debt - does your answer change? If so, why? Who, ultimately, pays the bill when someone (or some entity) files bankruptcy?
Answers
Bankruptcy is a legal status of a person or an entity who cannot repay debts owed to creditors. This process begins when the debtor files for bankruptcy under the protection of the court to obtain relief from creditors. Bankruptcy is not the solution for everyone because it affects one's credit report for at least seven years and sometimes for up to ten years.
In my opinion, bankruptcy should be the last resort for people who have exhausted all possible options and have no means of paying off their debts. Bankruptcy should be utilized only when there is no other choice. When an individual accumulates a great deal of debt, they should take full responsibility for their actions.
On the other hand, if a business accumulates debt, the answer changes because the business is a separate legal entity. Therefore, the owners are not held personally responsible for the business's debts. In such cases, the business has to file for bankruptcy, and its assets are liquidated to repay the debts.
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One of the most aspects of investing is diversification and deciding on which assets the investments will be allocated, To address this need of asset allocation, the mutual fund industry also offers asset allocation funds. Which of the following feature about asset allocation funds is true? A. The managers of these funds establish a desired allocation mix but never change the mix based on the market conditions. B. The managers of these funds establish a desired allocation mix, and as market conditions change over time, the asset allocation mix also changes.
Answers
Option (a), The true feature of asset allocation funds is that the managers of these funds establish a desired allocation mix, and as market conditions change over time, the asset allocation mix also changes.
Asset allocation funds are designed to provide investors with a diversified portfolio of assets, which can help reduce risk and potentially increase returns. The managers of these funds will typically establish an initial allocation mix based on the fund's investment objectives and the investor's risk tolerance. However, as market conditions change over time, the managers may adjust the allocation mix to ensure that the fund continues to meet its investment objectives and provide appropriate levels of risk and return. This means that asset allocation funds can offer investors a convenient way to achieve diversification across a range of asset classes without having to actively manage their portfolios.
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1.
Control Account is known as
Answers
How do objectives make it more likely that you will reach your goals?
.A.Objectives are based on others' experiences.
.B.Objectives provide a step-by-step path to success.
.C.Objectives are the best way to assess your interests.
.D.Objectives help guide your career choices.
Answers
Answer:B.Objectives provide a step-by-step path to success.
Explanation:
What type of market model is wheat farm?
Answers
Answer:
competitive
Explanation:
The market for wheat is often taken as an example of a competitive market because there are many producers, and no individual producer can affect the market price by increasing or decreasing its output. For this reason, each farmer takes the market price as predetermined.
Answer:
Competitive
Explanation:
The market for wheat is often taken as an example of a competitive market, because there are many producers, and no individual producer can affect the market price by increasing or decreasing his output. For this reason, each farmer takes the market price as predetermined.
the key element of effective teamwork is commitment to ______.
Answers
The key element of effective teamwork is commitment to a shared goal. In any team, it is essential for all members to work together in harmony, understanding their individual roles and responsibilities, and contributing towards the collective objective.
A strong commitment to this shared goal helps in fostering a sense of unity, trust, and accountability within the team, enabling them to overcome challenges and achieve success. An effective team should also exhibit strong communication skills, ensuring that all members stay informed and aligned with the team's priorities. Open and honest communication helps prevent misunderstandings, facilitates the exchange of ideas, and encourages collaborative problem-solving. In addition, embracing diversity within a team brings together various skills, perspectives, and experiences, contributing to a more comprehensive and creative approach to achieving the shared goal. Acknowledging and respecting individual differences promotes inclusivity, which can strengthen team dynamics and boost overall performance. Lastly, effective teamwork thrives in an environment of mutual trust and support. Team members should be encouraged to rely on one another and seek help when needed, fostering a positive team culture where everyone feels valued and appreciated. In summary, the key element of effective teamwork is a commitment to a shared goal, which is supported by strong communication, embracing diversity, and fostering trust and support among team members. These elements, when combined, can create a highly productive and successful team environment.
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Read the factors of production for two businesses: In Case manufactures cases for smart phones, while Wrap It Up is a gift-wrapping service. In Case • $1,500 a month for rented building • Will need two new employees • $2,000 for inventory expenses • $4,500 for equipment expenses Wrap It Up • $1,500 a month for a rented store • Will need five new employees• $1,500 for inventory expenses • $2,500 for equipment expenses Which statement correctly compares the two businesses?
Answers
Answer:
In case is relatively more capital intensive & Wrap it up relatively more labour intensive.
Explanation:
Comparing 'In Case' cases for smart phones & 'Wrap it up' gift wrapping service
In case : 1500 rent, 2 employees, 2000 & 4500 inventory & equipment expenseWrap it up : 1500 rent, 5 employees, 1500 & 2500 inventory & equipment expenseLand fixed cost requirements for both are same. However, In case needs less labour & more inventories, equipment expense. Wrap it up needs more labour, less inventory, equipment expense.
So, In case is relatively more capital intensive & Wrap it up relatively more labour intensive.
Answer:
The correct answer is In Case will require a less costly investment in labor, while Wrap It Up will require less capital in the long term.
Explanation:
Explanation: They are comparing different things but in the same purpose. Which actually makes the comparison valid and correct.
please help and thanks :)
Answers
The company increases its capital without going into debt is the advantage of offering the sales of shares in a company.
What are shares?
A share, which can also apply to shares of mutual funds, limited partnerships, and real estate investment trusts, is a unit of equity ownership in the capital stock of a corporation in the financial markets. The term "share capital" describes all of an organization's assets. A shareholder of a corporation is someone who owns shares in the organization. A share represents the ownership relationship between the business and the shareholder and is an immovable unit of capital. A share's face value, which may not correspond to the market worth of those shares, is its denominated value.
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The statement says that you’ve triggered the penalty apr so that it has now increased to 28. 99%. What action triggered this?.
Answers
When the statement states that you have triggered the Penalty APR so that it has now increased to 28. 99%, the action that triggered this you failed to pay the minimum payment by the due date.
APR stands for the annual percentage rate which refers to the interest that is payable for borrowing money from the financial institution. A penalty APR (annual percentage rate) refers to an increase in the interest rate (high interest rate) that can be triggered if the cardholder is late with the minimum payment by due date. It can be as high as 29.99%. Returned or late payments can immediately trigger a penalty APR on new purchases indefinitely. After two missed payments and sufficient notice penalty APRs also apply to existing balances.
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pls help me I need it so pls Help me with this!
Answers
Answer:
list things like your goal for that certain class or what grade you want to achieve or what kind of school work you like doing in certain classes
Explanation: