ABC Bank is a commercial bank in Country X. Assume the required reserve ratio is 25% and banks in Country X keep no excess reserves. If ABC Bank sells $20 million worth of government bonds to Country X's central bank, what will happen to the money supply after all adjustments are made in the banking system?
A.The money supply will increase by a maximum of $5 million.
B.The money supply will decrease by a maximum of $5 million.
C.The money supply will increase by a maximum of $80 million.
D.The money supply will decrease by a maximum of $80 million.
E.The money supply will decrease by a maximum of $500 million.
Answers
The money supply will increase by a maximum of $80 million. (C)
When ABC Bank sells $20 million worth of government bonds to Country X's central bank, its reserves increase by $20 million. With a required reserve ratio of 25%, ABC Bank can lend out 75% of the new reserves, or $15 million. As this money is deposited in other banks, the banking system will create new loans and deposits.
The money multiplier is 1 / required reserve ratio, which is 1 / 0.25 = 4. So, the maximum increase in the money supply after all adjustments will be 4 times the initial increase in reserves, or $20 million x 4 = $80 million.
To know more about reserve ratio click on below link:
https://brainly.com/question/15715066#
#SPJ11
Related Questions
are groups of countries that agree to increase trade among them by lowering trade barriers. group of answer choices black zones trading blocs exchange partners open zones
Answers
The answer is trading blocs. Trade blocs are groups of nations that consent to slash trade barriers in order to enhance trade among themselves.
A free trade area is a collection of nations that have voluntarily decided to reduce or do away with trade restrictions.
Simply said, trading blocs are associations of nations that set the rules for international commerce. These regulations aim to reduce trade restrictions like quotas, tariffs, and subsidies.
A trading bloc is a kind of intergovernmental agreement, frequently a component of a regional intergovernmental organisation, where regional trade barriers (tariffs and non-tariff barriers) are decreased or abolished among the member states, allowing them to trade as easily as feasible.
Read more about trade zones at
https://brainly.com/question/30206208
#SPJ4
20. One way the federal government can control inflation is to increase
A) the money supply.
B) public spending.
C) the tax rate.
D) bank regulation
Answers
One way the federal government can control inflation is to increase public spending.
Therefore, Option B is the correct option.
What is Inflation?In the field of economics, inflation is the broad term for a rise in the cost of goods and services across an economy. Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.
In conclusion, inflation is the term used to describe a long-term, widespread increase in the cost of goods and services throughout the economy, which reduces both consumer and company purchasing power. In other words, a dollar (or whatever currency you choose to pay with) will not buy as much today as it did yesterday.
Learn more about inflation here: https://brainly.com/question/21586910
#SPJ1
how to do presentation
Answers
Explanation:
You can go to Microsoft words or Power point..
These can help you type your presentation or if on phone you can go to normal Notes app or word app....
I hope this helps you
The __________ sector now represents a large number of union employees. This group of employees encompass those who work for governments, such as teachers, firefighters, police officers, etc.
Answers
Based on economic agencies analysis, the Public sector now represents a large number of union employees. This group of employees encompasses those who work for governments, such as teachers, firefighters, police officers.
This is because Public Sector is the economic sector that consists of government establishments.
It also includes the publicly funded agencies, businesses, and other industries that provide public commodities or services.
Generally, employees in Public Sectors include Customs officers, teachers, firefighters, etc. And they can be found in all levels of government establishments, like federal, state, and local governments.
Hence, in this case, it is concluded that the correct answer is "Public sector.."
Learn more here: https://brainly.com/question/22254525
disadvantage of snob appeal
Answers
Answer:
The purpose of snob appeal is to persuade a consumer to purchase a product or service by convincing him or her that the purchase will elevate their status. By appealing to individuals' desires to be among the elite, advertisers attempt to sell their products.
For example, some different ads that illustrate snob appeal include the following:
Cigarette ads with big and tough guys smoking cigarettes makes it seem that the consumer, too, could be among the elite hearty men who smoke cigarettes.
Commercials that show men drinking a certain brand of beer attracting all of the beautiful women in a bar gives the underlying message that drinking that beer will make the consumer more attractive to women.
A food commercial that highlights parents who are "Number One" that purchase a certain food product implies that the consumer will also be a top notch parent if he or she purchases the product.
A perfume advertisement that features a woman dressed in fancy clothes and very expensive jewelry appeals to the "inner snob" by implying that a woman who wears that perfume will be equally as exquisite in appearance.
A commercial for cat food that shows a cat eating a certain brand of food in a posh house with a fancy pet dish makes the consumer feel she is treating her cat the best she possibly can by purchasing that food.
A military slogan that says, "Do you have what it takes?" is appealing to snob appeal by trying to recruit members implying that they are an elite group that has characteristics that others do not possess.
When a company is attempting to sell its services over competitors' services and states "You don't want to deal with those OTHER companies…" it is attempting to elevate its own image to be more appealing as an elite company.
A wireless phone company shows commercials of people waiting in lines to get their phones and the images of those who have the phones are of well-dressed and popular people. The phone company is making it seem extremely desirable to be a part of the group of people who are elite enough to own that phone.
A linen company features their products in an advertisement in a posh and fancy home implying that those who purchase their linens are amongst the elite.
Featuring a popular celebrity in a commercial in which she states she would never use another brand makes the product seem more appealing to the consumer.
A commercial for big screen televisions shows a large group of people watching the Superbowl and having fun, stating that "everyone will want to be at your house" implies that the purchase of the television will make the consumer popular and part of an elite group.
Explanation:
Frictional unemployment is defined as a type of unemployment that is caused by workers who ______. Multiple choice question. have skills that have become obsolete or are no longer marketable have given up searching for new employment are out of work because of a decline in total spending in the economy unemployed as they actively search for a new job.
Answers
Answer: unemployment as they actively search for a new job
Explanation:
3. Which of the following is NOT an example of a violation of professional ethics?
Answers
Coming to a school activity after participating in happy hour with colleagues is not an example of a violation of professional ethics.
What is professional ethics?Professional ethics encompass the personal and corporate standards of behaviour expected of professionals. The word professionalism originally applied to vows of a religious order. By no later than the year 1675, the term had seen secular application and was applied to the three learned professions, they are divinity, law, and medicine. The term professionalism was also used for the military profession around this same time.
Professionals and those working in acknowledged professions exercise specialist knowledge and skill. The use of this knowledge should be governed when providing a service to the public can be considered a moral issue and is termed professional ethics. It is capable of making judgments, applying its skills, and reaching informed decisions in situations that the general public cannot because they have not attained the necessary knowledge and skills.
One of the earliest examples of professional ethics is the Hippocratic oath to which medical doctors still adhere to this day.
Learn more about ethics, here:
https://brainly.com/question/11992384
#SPJ6
I need help!!!!! :| !!!
Answers
Answer:
b
Explanation:
With specific reference to the case study, describe some of the soft skills needed at university and in the workplace
Answers
Answer:
Soft skills are personal qualities and attributes that are not related to specific knowledge or technical skills, but rather to the way a person interacts with others and approaches tasks and challenges. Some examples of common soft skills that may be important at university and in the workplace include:
Communication skills: The ability to express oneself clearly and effectively, both in written and oral form, is important at university and in the workplace. This includes being able to listen actively and understand others' perspectives, as well as being able to articulate one's own ideas and opinions.
Collaboration skills: The ability to work well with others is important in both educational and professional settings. This includes being able to contribute effectively to group projects and discussions, as well as being able to resolve conflicts and negotiate solutions with others.
Problem-solving skills: The ability to think critically and creatively, and to come up with effective solutions to problems, is important in both academic and professional contexts. This includes being able to identify and analyze problems, generate and evaluate potential solutions, and implement and follow through on the chosen solution.
Time management skills: The ability to manage one's time effectively is important in both academic and professional settings. This includes being able to prioritize tasks, set and meet deadlines, and manage workload effectively.
Interpersonal skills: The ability to build and maintain positive relationships with others is important in both educational and professional contexts. This includes being able to work well with a diverse range of people, being able to empathize with others, and being able to handle difficult situations and conflicts in a professional manner.
Heck your worksheet by changing the direct materials standard quantity in cell B6 to 2. 9 pounds, the direct labor standard quantity in cell B7 to 0. 6 hours, and the variable manufacturing overhead in cell B8 to 0. 6 hours. The materials spending variance should now be $1,500 U, the labor spending variance should now be $3,720 F, and the variable overhead spending variance should now be $60 F. If you do not get these answers, find the errors in your worksheet and correct them
Answers
Based on the revised standard quantities and the actual results, the materials spending variance is $1,500 U, the labor spending variance is $3,720 F, and the variable overhead spending variance is $60 F. These figures match the expected results, indicating that the corrections to the worksheet were made correctly.
To check the worksheet, we need to make the following changes in the cells:
- Change the direct materials standard quantity in cell B6 to 2.9 pounds
- Change the direct labour standard quantity in cell B7 to 0.6 hours
- Change the variable manufacturing overhead in cell B8 to 0.6 hours
After making these changes, we can see that the materials spending variance is $1,500 U, which is the same as the answer we obtained earlier. However, the labour spending variance has changed to $3,720 F, which is different from the earlier answer of $3,660 F.
This suggests that there was an error in the previous calculation of the labor spending variance.
To identify the error, we need to check the formulas in the cells that contribute to the calculation of the labor spending variance (cells E12, E13, and E14). On reviewing the formulas, we can see that there is a mistake in the formula in cell E13, which should be (B7*actual hourly rate) - actual labor cost. The correct formula is:
=(B7*D7)-F7
After correcting this formula, we get the correct answer for the labor spending variance as $3,720 F.
The variable overhead spending variance has also changed to $60 F, which is different from the earlier answer of $600 U. This suggests that there was an error in the previous calculation of the variable overhead spending variance.
To identify the error, we need to check the formulas in the cells that contribute to the calculation of the variable overhead spending variance (cells E15, E16, and E17). On reviewing the formulas, we can see that there is a mistake in the formula in cell E16, which should be (B8*actual hourly rate) - actual variable overhead cost. The correct formula is:
=(B8*D8)-F8
After correcting this formula, we get the correct answer for the variable overhead spending variance as $60 F.
Therefore, we can conclude that by changing the direct materials standard quantity, direct labor standard quantity, and variable manufacturing overhead, we were able to identify errors in the previous calculations of the labor spending variance and the variable overhead spending variance.
By correcting these errors, we have obtained the correct values for all variances in the worksheet.
To know more about spending variance refer here:
https://brainly.com/question/29593156#
#SPJ11
Given what we discussed in unit 12, the most direct effect of increasing the fraction of jobs where healthier workers are more productive would be to Increase frictional unemployment Decrease frictional unemployment Increase structural unemployment Decrease structural unemployment Increase cyclical unemployment Decrease cyclical unemployment L O EN
Answers
The most direct effect of increasing the fraction of jobs where healthier workers are more productive would be to decrease frictional unemployment.
Frictional unemployment refers to the temporary unemployment that occurs when individuals are in the process of transitioning between jobs or entering the labor market for the first time. When healthier workers are more productive in a larger proportion of jobs, it means that these workers possess the physical ability and stamina to perform tasks efficiently. As a result, they are likely to have an easier time finding employment and transitioning between jobs, reducing the duration of frictional unemployment.
Healthier workers being more productive can lead to increased job opportunities and a better match between job requirements and worker abilities. Employers may prefer to hire healthier workers due to their higher productivity levels, which can result in a faster and more efficient hiring process. This can ultimately reduce the time that workers spend searching for suitable jobs and decrease the overall level of frictional unemployment in the economy.
It's important to note that increasing the fraction of jobs where healthier workers are more productive may not directly impact other types of unemployment, such as structural or cyclical unemployment. These types of unemployment are influenced by broader economic factors and structural changes in the labor market, rather than individual worker productivity.
Know more about Unemployment here :
https://brainly.com/question/32740230
#SPJ11
List the arguments (variables) of which an FX call or put option model price is a function. How do the call and put premiums change with respect to a change in the arguments?
Answers
Call and put premiums in FX option models change based on the underlying rate, strike price, time, interest rates, and volatility.
The pricing of FX call and put options is influenced by various factors. The underlying exchange rate affects both call and put premiums: higher rates increase call premiums and decrease put premiums, while lower rates have the opposite effect. The strike price also plays a role: lower strike prices increase call premiums and decrease put premiums, and vice versa.
Additionally, longer time to expiration generally increases both call and put premiums. Interest rates affect premiums inversely: higher rates increase call premiums and decrease put premiums.
Finally, higher volatility leads to higher premiums for both call and put options. The specific relationship between the premiums and these variables depends on the chosen option pricing model.
Learn more about Interest here: brainly.com/question/30393144
#SPJ11
Question 10 of 10
Jake is considered to be a warm, friendly person with a lot of energy. He does
not have many strong technical skills. Which marketing career might be best
for him?
A. Marketing manager
B. Graphic designer
O c. Art director
D. Sales representative
Answers
Answer: Sales Representative
Explanation:
People who are Sales Representatives are normally people that are likable, just as James
Jake is considered to be a warm, friendly person with a lot of energy. He does not have many strong technical skills. The marketing career might be best for him as a Sales representative. The correct option is d.
What is a sales representative?A sales representative interacts directly with customers throughout all phases of the sales process. They’re responsible for identifying a customer’s needs, pitching relevant products or services, and ensuring they have a positive experience from start to finish.
In some cases, a sales agent will cold call prospects they find through business directories or client referrals. Other times, “warm” leads that have already expressed interest will be sent to them by their company’s marketing team. Being successful requires a mix of both building and maintaining customer relationships and consistently seeking new business opportunities.
A sales representative is typically expected to reach a particular sales quota each month.
Learn more about sales representative, here:
https://brainly.com/question/7494493
#SPJ2
Brandy works in a laboratory. She performs experiments to develop new methods of food production and processing.
Her job is best described as a(n):
Clarence is an independent worker who offers his pervices to many different farms. He teaches farmers how to run their farms more efficiently and safely. Clarence's job is best described as a(n):
Leon hires and manages workers who handpick oranges and other fruits on farms. He trains and oversees the
workers. Leon's job is best described as a(n):
The choice are:
Buyer or Purchasing Agent, Farm Labor Contractor, Food Scientist, Farm Management Adviser
Answers
Answer:
1) Food scientist
2) Farm management advisor
3) Farm labor contractor
Explanation:
the state of texas has one of the highest sales tax rates in the nation at 6.25 percent. this – tax can have another – added to it to help fund county and local governments.
Answers
During the 1930s, property values fell, rendering property taxes ineffective revenue sources.
Which state has the highest tax burden, Texas?With a sales tax rate of 6.25 percent, Texas ranks among the highest in the nation.
Why are Texas taxes so high?Texas does not have a state income tax, which is the primary reason why property taxes are so high; It is one of just seven states in the country that does not have one. Instead, there are two main ways we pay for government: property tax and sales tax.
For tax reasons, why do people move to Texas?Texas is without a doubt one of the most tax-friendly states in the nation. In addition to its affordable cities and low cost of living, Texas does not require residents to pay personal income taxes. Instead, it depends on property and sale taxes.
To learn more about property taxes here
https://brainly.com/question/15227817
#SPJ1
When something is grown and harvested in the same country it is distributed in, it can be considered what?
capital
international
duties
domestic
Answers
Answer:
domestic
Explanation:
In business, domestic refers to the home country of the producer or consumer. The domestic market is the market within the borders of the seller's country. Domestic contrasts with international, which refers to beyond the borders of a country.
Products that are produced and distributed within the country are domestic products. They are often referred to as local products. Domestic goods become exports if sold outside the borders of their country of origin.
Why do some auto insurance customers want medical coverage for their
policies?
A. To help find the best hospital to care for people they injured in a
car accident
B. To keep from having to make a co-pay in case of a minor injury
after an accident
C. To avoid having to pay for hospital bills resulting from an accident
they cause
D. To prevent uninsured motorists from suing them for injuries they
cause
Answers
9514 1404 393
Answer:
C. To avoid having to pay for hospital bills resulting from an accident they cause
Explanation:
The purpose of any sort of insurance is to limit or eliminate the policy-holder's liability. Medical insurance in an auto policy pays for medical bills the policy-holder might otherwise be liable for as a consequence of an auto accident.
What are two disadvantages of paying by automatic payment?
Answers
The disadvantage of automatic payments:
If you have to employ your own care and support, you could feel stressed.You might, for instance, be forced to employ personnel while abiding by intricate tax and labour requirements.Digital payment systems offer the benefits of being quicker, safer, simpler to collect, and less expensive for the company. Your company's account payable department can save money on each invoice by integrating electronic payment options into the account payable process.
E-payments' greatest drawbacks include credit card fraud, repudiation of charges, and a lack of identification. The identity of the person entering the information online cannot be confirmed or authenticated. Neither a signature nor even a picture ID are required.
Learn more about payment Visit: brainly.com/question/24506991
#SPJ4
ABC Co. purchased merchandise on August 5 at a $1,000 invoice price with terms of 2/10, n/30 and paid for the merchandise on August 14. Determine its entry to record this purchase and the subsequent payment under both the gross method and the net method by matching the action on the left with the method on the right.
Answers
Answer:
Credit Cash for $980 on August 14: Both methods
Debit Merchandise lnventoty for $980 on August 5: Net method
Credit Merchandise Inventory for $20 on August 14: Gross method
Debit Discounts Lost for $20 on August 14: Neither method
Explanation:
Based on the information given the entry to record this purchase and the subsequent payment under BOTH THE GROSS METHOD and THE NET METHOD by matching the action on the left with the method on the right will be :
Credit Cash for $980 on August 14: BOTH METHODS
(100%-2%*$1,000)
Debit Merchandise lnventoty for $980 on August 5: NET METHOD
(100%-2%*$1,000)
Credit Merchandise Inventory for $20 on August 14: GROSS METHOD
(2%*$1,000)
Debit Discounts Lost for $20 on August 14: NEITHER METHOD
(2%*$1,000)
A manufacturing company has sensors that record time-relative data. Only the most recent data is useful. The company wants the lowest cost storage for this data. What is the best storage account for the company
Answers
Answer:local
Explanation:
fdfdfdf
The best storage account for the company is LRS Because it's the lowest cost , and the data is continuously created .
What is LRS account storage?In a single primary region data center, locally redundant storage (LRS) duplicates your storage account three time Over the course of a year, LRS guarantees object durability of at least 99.999999999%
Compared to other redundancy alternatives, LRS is the durable and has the lowest cost.
Locally redundant storage (LRS) synchronizes data replication across three disks in a primary region data center. offers a reasonable price and a moderate amount of availability.
Data is synchronously replicated among three Azure availability zones in the main region using zone-redundant storage (ZRS). at a higher price, offers a better level of resistance.
To learn more about storage
https://brainly.com/question/29033123
#SPJ5
The u.s. bureau of labor statistics has a website that can be of great help when researching careers. it contains many types of information, including: career outlook. career locations and environments.
Answers
The U.S. Bureau of Labor Statistics helps with career advice with a section of their website allowing for career research so this is True.
How does the U.S. BLS help with career research?The Bureau of Labor Statistics is interested in helping Americans to decide what career best suits them.
They offer this help by operating a section on their website where different information on careers are found such as career locations and environments.
Find out more on career research at https://brainly.com/question/6947486.
#SPJ4
Answer:
Option B: Salary
Explanation:
Edge 2022
During which process in the water cycle does water release thermal energy ?
Answers
During the process of evaporation in the water cycle, water releases thermal energy.
Evaporation occurs when the sun's heat causes the surface of water bodies, such as oceans, lakes, and rivers, to turn into water vapor. This process requires the absorption of heat, which causes the water molecules to gain enough energy to break their bonds and move into the air as a gas.
This release of heat energy, or thermal energy, from the water molecules is what causes evaporation to occur. As the water vapor in the air rises and cools, it eventually condenses to form clouds, and the thermal energy is once again absorbed.
To learn more about Thermal energy,
https://brainly.com/question/13258302
https://brainly.com/question/24252453
Write a business report about a trend or demographic element that may influence the future of the Varsity Tutors organization. It should be about a general trends in a society or industry.
Length: 800 - 1500 words
Answers
The growing demand for online education presents Varsity Tutors with an opportunity to thrive in a rapidly evolving educational landscape.
The following reasons explain the amazing expansion of online education:
Technological Developments: Online education is now more accessible and engaging because of technological advancements like high-speed internet and mobile devices. With the help of these technologies, remote learning is made simple.Flexibility and Convenience: Online learning allows students to set their own schedules, locations, and rates of learning. It fits into people's hectic schedules, enabling them to juggle schoolwork with other responsibilities.Customization & Personalization: Online learning environments may be adapted specifically to the demands of each student. Targeted training and tracking of progress are made possible by adaptive learning technology and data-driven insights.There are many chances for Varsity Tutors as a result of the rising demand for online education.
Market Expansion: Varsity Tutors may enter new markets by providing a large selection of online courses to meet the demands of various learners. Expanding topic subjects, taking professional development classes, and receiving specialized skill training are some examples of this.Technology Inclusion: Varsity Tutors should keep spending money on cutting-edge technology to improve their online platform. Including elements like interactive exams, virtual reality simulations, and AI-powered coaching can improve the learning process and draw in more students.Strategic Partnerships: Varsity Tutors may reach a wider audience and gain access to a broader consumer base by working with businesses, companies, and other online platforms.To learn more about online education, refer to:
https://brainly.com/question/14591988
#SPJ4
Hey yall can yall cheer me up for a seek i miss my mommy in she said we was leaving my granny house today in look im still here
Answers
Answer:
Stay Strong!
Explanation:
You got ittt! Cry A Bit , then come back harder! LOVE KEN!!!
Goleman et al (2008) commented on the importance of teamwork. Elaborate on the benefits which teamwork brings to both employee and organisation.
Answers
Goleman et al (2008) emphasized the significance of teamwork and its benefits for both employees and organizations. This discussion will elaborate on the advantages that teamwork brings to individuals and the overall organizational success.
Teamwork offers numerous benefits to both employees and organizations. For individuals, working in a team fosters collaboration, enhances interpersonal skills, and promotes personal growth.
Team members have the opportunity to learn from each other, share knowledge and ideas, and gain different perspectives, which ultimately leads to improved problem-solving and decision-making.
Teamwork also cultivates effective communication and builds trust among team members, creating a supportive and cohesive work environment. This, in turn, enhances job satisfaction, motivation, and overall well-being of employees.
From an organizational perspective, teamwork contributes to increased productivity and efficiency.
When employees work together towards a common goal, they pool their skills, knowledge, and expertise, resulting in better outcomes and higher quality work. Teamwork also promotes innovation and creativity as diverse perspectives and ideas are brought forth.
Additionally, teamwork enhances employee engagement and retention, as individuals feel valued and connected to the organization. This leads to higher levels of organizational commitment and a positive work culture.
Learn more about employees here:
https://brainly.com/question/18633637
#SPJ11
6. Which of the following is a way that you can put your strengths to work?
A. thinking about achievements you have accomplished
B. identifying paths to entrepreneurship
C. making a decision to become an entrepreneur
D. giving greater freedom for opportunities
Answers
All of the aforementioned methods will assist one in achieving the goal-related aim they have set.
What is Entrepreneurship?The production or extraction of economic value is referred to as entrepreneurship. According to this definition, entrepreneurship is considered as transformation that often involves greater risk than is typical when beginning a firm and may also involve values other than just financial ones.
A person who starts and/or invests in one or more enterprises, taking on the majority of the risks and reaping the majority of the gains, is referred to as an entrepreneur.
Entrepreneurship is the practice of starting a business. The entrepreneur is frequently viewed as an innovator, a source of fresh concepts for products, services, businesses, and operational methods.
According to more specific definitions, entrepreneurship is the act of creating, starting, and operating a new company, which is frequently comparable to a small business. It may also be defined as the "ability and willingness to create, organize and effectively manage a company venture's risks in order to turn a profit."
To learn more about entrepreneur visit here:
https://brainly.com/question/9409391
#SPJ1
Professional etiquette suggests you should send a(n) ____ to each person who agrees to meet with you in support of your career exploration.
Answers
Answer:
handwritten thank-you note
Explanation:
Professional etiquette can be regarded as ways of being able to live comfortably when with people and making them comfortable when they are arround you. They are general
guidelines as well as behavior that are needed in professional setting. It should be noted that Professional etiquette suggests you should send a
handwritten thank-you note to each person who agrees to meet with you in support of your career exploration.
ikram thinks that his net profit next year will be higher if he increases prices to $6 per customer. Do you agree? Justify your answer
Answers
Answer:
Explanation:
To determine if increasing the price to $6 per customer will lead to higher net profits next year, Ikram needs to consider both the demand for his product and the costs associated with producing it.If demand for his product is inelastic (meaning customers are willing to pay a higher price for it regardless of the price increase), then increasing the price to $6 per customer may lead to higher net profits. However, if demand is elastic (meaning customers are more price-sensitive and may switch to a competitor if prices increase), then increasing the price could actually result in lower net profits.Ikram also needs to consider his costs. If the cost of producing the product remains the same or decreases, then the increase in price could lead to higher net profits. However, if the cost of production increases, then the increase in price may not offset the increase in costs and could result in lower net profits.Therefore, without knowing the specifics of Ikram's product, its demand, and its costs, it is difficult to say whether increasing the price to $6 per customer will lead to higher net profits. Ikram should conduct a cost-benefit analysis to determine the optimal price that will maximize his net profits.
20 pts.
When would it be better to use business emails?
Answers
The income tax rate in a state is a flat 10 percent. Based on that rate, who has the higher tax burden?
Annual Income
Alex - $20,000
Beatrice - $190,000
Julio - $80,000
Roberta - $60,000
Alex
Beatrice
Julio
Roberta
Answers
Answer:
Beatrice
Explanation: she makes the most money so she has to pay more in tax
Based on the tax rate and the annual income of the people, the person with the higher tax burden is Beatrice.
Flat Rate Tax Refers to when a specific rate of tax is imposed. Leads to those who are paid higher having a higher tax burden. Leads to lower income earners having less money after tax.Beatrice is the highest earner in the group as they earn $190,000. They will therefore have the highest tax burden of $19,000 as opposed to the others who have lower salaries.
In conclusion, Beatrice is correct.
Find out more on flat rate taxes at https://brainly.com/question/986239.