Airlines, shipping, road and rail transportation, air freight and logistics, and transportation infrastructure are just a few of the sectors that make up the transportation industry.
Air freight and logistics, airlines, trains, truckers, airport services, highways and rail tracks, and marine ports and services are the sub-businesses that make up these main industries. Variations in corporate profits and the cost of transportation services have a significant impact on how well businesses in the transportation sector function.
Fuel prices, labor expenses, service demand, geopolitical events, and governmental regulations are the main variables influencing firm profits. Many of these elements work together. As an illustration, if the American government enacts rules that make it harder for people to obtain a commercial driver's license, this will cut into the supply of drivers and increase the cost of employing drivers.
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C. Now, provide short answers to the following questions. (18 marks)
i. Between 1929 and 1933, NNP measured in current prices fell from $96 billion to $48 billion. Over the same period, the relevant price index fell from 100 to 75. What was the percentage decline in nominal NNP from 1929 to1933? What was the percentage decline in real NNP from 1929 to 1933? Show your work.
ii. You find that your paycheck for the year is higher this year than last. Does that mean that your real income has increased? Explain carefully.
iii. U.S. real GDP is substantially higher today than it was 60 years ago. What does this tell us, and what does it not tell us, about the well-being of U.S. residents?
i. To calculate the percentage decline in nominal NNP between 1929 and 1933, we need to find the difference between the two nominal NNP values and divide it by the initial value (1929), then multiply by 100:
Percentage decline in nominal NNP = ((96 - 48) / 96) * 100 = 50%
To calculate the percentage decline in real NNP, we need to adjust the NNP values for inflation by using the given price index. For 1929, real NNP = (96 / 100) = 0.96. For 1933, real NNP = (48 / 75) = 0.64.
Percentage decline in real NNP = ((0.96 - 0.64) / 0.96) * 100 ≈ 33.33%
ii. If your paycheck is higher this year than last, it doesn't necessarily mean your real income has increased. This could be due to inflation, which may have increased the nominal value of your paycheck without an increase in your actual purchasing power. To determine if your real income has increased, you need to adjust your paycheck for inflation by using a price index or inflation rate.
iii. U.S. real GDP being substantially higher today than 60 years ago tells us that the overall production and output of goods and services have increased, which may indicate economic growth and development. However, this doesn't necessarily mean that the well-being of U.S. residents has improved. Factors such as income distribution, access to education and healthcare, and environmental quality are also crucial to well-being and are not captured by GDP alone.
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Landon jewelers uses the perpetual inventory system. on april 2, landon sold merchandise with a cost of $2,500 for $7,000 to a customer on account with terms of 3/15, n/30. the journal entry to record the cost of goods sold would be:
Answer:
Dr Cash $6,790
Dr Sales discount $210
Cr Accounts Receivable $7,000
Explanation:
Cost of goods sold by Landon Jewelers is $7,000
The cost is subject to 3/15, n/30 meaning that 3% will discount will be applicable if payment is made in 15 days. Where the balance is not paid within 15 days, it must however be paid within 30 days.
Since payment was made to Landon Jewelers within the 15 days grace, 3% deduction will be applicable to the payment.
Therefore Sales discount would be ;
= $7,000 × 3%
=$210
Balance paid in cash would be;
=$7,000 - $210
=$6,790
Journal entry for cost of goods sold would be;
Dr Cash $6,790
Dr Sales discount $210
Cr Accounts Receivable $7,000
Sales discount is an expense hence debited while the whole amount is credited to accounts receivable.
a person who is claimed as a dependent on someone else's tax return can claim ____ exemption(s) and at least a ____ standard deduction on his or her own tax return.
A person who is claimed as a dependent on someone else's tax return can claim zero exemptions and at least a reduced standard deduction on his or her own tax return.
When someone is claimed as a dependent on another person's tax return, they are not eligible to claim any personal exemptions on their own tax return. Personal exemptions are deductions that reduce taxable income and are typically claimed by individuals who are not claimed as dependents by someone else.
However, even though a dependent cannot claim personal exemptions, they may still be eligible for a standard deduction. The standard deduction is a fixed amount that reduces taxable income without the need for itemizing deductions. It is available to all taxpayers, including dependents. However, the standard deduction for dependents is usually lower than the standard deduction for individuals who are not claimed as dependents.
The specific amount of the standard deduction for a dependent may vary from year to year and is determined by the tax laws in effect. It is generally a lower amount compared to the standard deduction available to non-dependent taxpayers. The purpose of the reduced standard deduction for dependents is to reflect their status as dependents .
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a. An analysis of WTI's insurance policies shows that $2,674 of coverage has expired.
b. An inventory count shows that teaching supplies costing $2,318 are available at year-end.
c. Annual depreciation on the equipment is $10,698.
d. Annual depreciation on the professional library is $5,349.
e. On September 1, WTI agreed to do five courses for a client for $3,000 each. Two courses will start immediately and
finish before the end of the year. Three courses will not begin until next year. The client paid $15,000 cash in advance
for all five courses on September 1, and WTI credited Unearned Revenue.
f. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at
the end of the class. At December 31, $5,653 of the tuition revenue has been earned by WTI.
g. WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per
day for each employee.
h. The balance in the Prepaid Rent account represents rent for December.
The preparation of WTI Insurance Company's income statement for the year is as follows:
WTI Insurance Company
Income StatementFor the year ended December 31,
Tuition Fees $109,577
Training Fees 48,717
Total Revenue $154,694
Expenses:
Depreciation Expense -Professional Library $5,349
Deprecation Expense - Equipment 10,698
Salaries Expense 49,307
Insurance Expense 2,674
Rent Expense 24,468
Teaching Supplies Expense 7,869
Advertising Expense 7,132
Utility Expense 5,706
Total expenses $113,203
Net income $45,091
How do you prepare Income Statements from Unadjusted Trial Balance?To prepare an income statement from an unadjusted trial balance, you must take into consideration all the necessary end-of-period adjustments.
The adjustments ensure that the financial statements are prepared in accordance with the accrual basis. The accrual concept requires every expense and revenue for the period to be accounted for or recognized, whether received in cash or paid for.
Question Completion with Data from Unadjusted Trial Balance:Tuition Fees $103,924
Training Fees 38,717
Depreciation Expense -Professional Library $0
Deprecation Expense - Equipment $0
Salaries Expense $48,907
Insurance Expense $0
Rent Expense 22,429
Teaching Supplies Expense $0
Advertising Expense $7,132
Utility Expense $5,706
See attachment for more information.
Required: Prepare the income statement to show the net income.
Adjustments:a. Insurance Expense $2,674
b. Teaching Supplies Expense = $7,869 ($10,187 - $2,318)
c. Depreciation Expense - Equipment = $10,698
d. Depreciation Expense - Professional Library = $5,349
e. Training Fees = $48,717 ($38,717 + $10,000)
f. Tuition Fees $109,577 (103,924 + $5,653)
g. Salaries Expense $49,307 ($48,907 + $100 x 4)
h. Rent Expense = $24,468 ($22,429 + $2,039)
Thus, the income statement of WTI's Insurance shows a net income of $45,091.
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Which is an example of an accounting function for a business?
1.) Designing print advertisements
2.) Preparing a balance sheet
3.) Hiring employees
4.) Testing computer software
Identify whether the income below would be considered earned income, passive income, or portfolio income. Mychal’s parents bought a house, fixed it up, and sold it at a higher price.
Answer: Portfolio income is money received from investments, dividends, interest, and capital gains. It is one of three categories of income.
Explanation:
5. Consider the markets below. Summarize and show on a fully labeled S/D diagram what happens, all else equal, what
happens if the mentioned events occur. Be sure to indicate which curve changes, how it changes, why it changes and
what the effect is on P* and Q*. If the determinant (reason why) has a subcategory, be sure to name both the
determinant AND the subcategory involved. Start grey pencil/black pen, shifting curve changes color to blue.
a. Market for gasoline, all else equal, new oil reserves found in easily accessible fields in the US greatly reduce the
cost of crude oil.
b.
d.
c. Market for operating system software (i.e. Windows 11), all else equal, the price of computers increases.
Market for electric vehicles all else being equal, consumer marketing for electric vehicles becomes much more
effective in persuading people to ditch gasoline/diesel fueled vehicles.
Market for tropical fruit, all else equal, costs of labor, fertilizer and pesticides increase in countries that produce
tropical fruit.
Market for Home Computer Equipment: A pandemic requires a large number of people to work remotely from home.
What happens to the market for home computer equipment when a pandemic requires remote work?When a pandemic requires a large number of people to work remotely from home, the demand for home computer equipment increases. This shift in demand is due to the increased need for individuals to have their own personal computers and accessories to effectively carry out their work tasks from home.
As a result, the demand curve for home computer equipment shifts to the right, indicating a higher quantity demanded at each price level. This leads to an increase in both the equilibrium price (P*) and the equilibrium quantity (Q*) of home computer equipment in the market.
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lyft’s use of driver ratings helps to give passengers confidence in their knowledge of the drivers and to convey trust. this relates to which component of service quality?
Assurance to humans in terms of service delivery is very important. It tells if service delivered is acceptable or not. This relates to Assurance component of service quality.
In the various sector or the economy, there are various ways used to improve service quality. In the transportation sector, service quality is done through: The encouragement of agent feedback. The use of agents listen to calls. The sending of post-contact surveys after every interaction. etc.Conclusively, Service Assurance is the use of policies and processes by any firm to make sure that services rendered meet a pre-defined service quality level.
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a A rocket shoots up 123 meter
i. What is its initial velocity -
Answer:
Initial Velocity= 49 m/s
Time period= 5 secs
Explanation:
THIS IS THE COMPLETE QUESTION BELOW
A rocket shoots up 123 meters. What is it initial velocity?How long is it ascending
The initial velocity can be calculated using the expression below
u= √( 2gh)
Where g= Acceleration due to gravity= 98 m/s^2
h= height
Substitute the values we have
u = √(2*9.8*123)
u=√( 2410.8)
u = 49 m/s
the time period can be calculated as
(49/9.8)
= 5 sec
Hence time period is 5 secs
economists call the pursuit of a transfer of wealth through government at someone else's expense:
The term used by economists to describe the pursuit of a transfer of wealth through government at someone else's expense is "redistribution." Redistribution involves taking money from those who have more of it and using it to provide benefits to those who have less. The goal of redistribution is often to reduce inequality and ensure that everyone has a minimum standard of living.
There are different methods of redistribution, including progressive taxation, social welfare programs, and subsidies. Progressive taxation involves taxing higher-income earners at a higher rate than lower-income earners. Social welfare programs provide financial assistance to those in need, such as unemployment benefits, food stamps, and housing subsidies. Subsidies are payments made by the government to support certain industries or activities.
Critics of redistribution argue that it can disincentivize work and productivity, as people may feel that their efforts are not rewarded. They also argue that redistribution can be unfair, as it takes money from those who have earned it and gives it to those who have not. However, supporters of redistribution argue that it is necessary to reduce poverty and ensure that everyone has access to basic needs such as healthcare, education, and housing.
In summary, redistribution is the pursuit of a transfer of wealth through government at someone else's expense, and it is a contentious issue in economics and politics.
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a entry to a liability account decreases the account balance
Answer:
Asset accounts. A debit increases the balance and a credit decreases the balance. Liability accounts. A debit decreases the balance and a credit increases the balance.
Explanation:
Which savings tool has the potential to earn the most interest?
Certificates of Deposit (CDs), Open a high-interest online savings account, these things has the potential to earn the most interest.
What is Certificates of Deposit (CDs)?
In return for keeping the money on deposit for a certain amount of time, top-paying certificates of deposit (CDs) provide interest rates that are greater than those offered by the best savings and money market accounts.Compared to stocks and bonds, CDs provide a smaller potential for growth but a non-volatile, fixed rate of return. They are also a safer and more conservative investment.Almost all banks, credit unions, and brokerage companies provide a selection of CD choices.Shopping around offers major benefits because the best CD rates that are nationally available are often three to five times higher than the industry average for every term.When you start a CD, you lock into a period of length, but there are ways to end it sooner if something urgent comes up or your plans alter.To learn more about Certificates of Deposit (CDs)
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Greater rates: CDs often provide higher interest rates than standard savings accounts or money market accounts. No ongoing charges: To retain your money in a CD, there are no monthly costs.
A money market account is often more liquid than a CD. In actuality, money markets do not have early withdrawal penalties, although many CDs do. Despite this, a CD frequently offers a higher interest rate because to its illiquidity. Traditional savings accounts often don't offer as much interest as CDs, and the annual percentage yield (APY) is fixed. It's wise to create a CD ladder in a rising-rate environment so that all of your money isn't tied up at a lesser rate when yields climb. A minimum deposit is often needed to open a CD account.
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Pls help this is timed
Answer:
It's the first one Co-signer or gardien to make sure someone will repay
Answer:
The first one: Co-signer or Guaranteer to ensure someone else will repay.
Explanation:
This person is usually a parent of guardian but it's not required that they are. The bank just wants to make sure they'll get their money.
Jesse got a job at a fitness center. He thought his first paycheck would be $200 for working 20 hours at $10 an hour. Instead, the paycheck was for $180. Which was most likely taken from his check?
A.) taxes
B.) interest
C.) profit
D.) dividends
Answer:
Taxes
Explanation:
The answer to the question is taxes.
Answer:
Hey there! It sounds like Jesse got a job at a fitness center and was expecting his first paycheck to be for $200, but it ended up being for $180 instead. That's a bummer!
Paychecks often have various deductions taken out, like taxes, insurance premiums, and retirement contributions. It's possible that some or all of these deductions were taken out of Jesse's paycheck, which is why it was for less than he expected.
Taxes are a common deduction from paychecks, so it's likely that some taxes were taken out. But don't worry, this is just part of the process of getting paid and is completely normal.
It's probably not interest, profit, or dividends, since those things are usually associated with investments or financial products, not employment.
Which style of decision making will consumers who develop brand loyalty use?
A.extensive decision making
B.limited decision making
C.routine decision making
D.opportunity based decision making
To be more efficient in formatting tasks, it is important to follow best practices when designing type. Which scenarios
show the applications of best practices when designing type? Check all that apply.
Joe uses an 8-point font.
Angelo uses one type of font in his document.
Jeremiah underlines words for emphasis.
Akilah indents and adds space between her paragraphs.i
Amy uses the hyphenation feature in her justified paragraphs.
Answer:
2 and 5
Explanation:
Scenarios that show the applications of best practices when designing type is
Angelo uses one type of font in his document.Amy uses the hyphenation feature in her justified paragraphs.Thus the correct option is B and E.
What is formatting?Document formatting describes the way a document is set up. It involves requirements on how a document should look. Formatting makes documentation appear professional and appealing.
While making any document it is required to choose one type of font which makes it a structured and systematic manner. various styles of font may distract the focus of the reader while taking look at the document.
Use of the hyphenation feature in her justified paragraphs to make it more clear and more structured to achieve a more uniform line length, Word's hyphenation feature enables the insertion of line breaks and hyphens within words.
Therefore, options B and E are the appropriate answer.
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The underlying reason why trade benefits both sides of a trading arrangement is rooted in the concept of a) opportunity cost b) specialization c) absolute advantage d) maximum production
The underlying reason why trade benefits both sides of a trading arrangement is rooted in the concept of opportunity cost. Thus, option A is the correct option.
The value of the best alternative foregone when, due to limited resources, a decision must be made between numerous mutually incompatible alternatives is known as the opportunity cost in microeconomic theory. If the best option is chosen, the "cost" is the loss of the benefit that would have been gained from selecting the next-best option.
It includes all decision-related costs, both explicit and implicit. As a result, opportunity costs are not just limited to monetary or financial expenses; they also include the actual cost of renounced productivity, lost time, pleasure, or any other advantage that gives value.
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On January 1, 2019, management issued $1,000,000, ten-year bonds at 99. The bonds pay four percent interest on December 31. On January 1, 2021, management pays $ 987,000 to retire the bonds. Required: 1. Calculate the balance in the discount account on December 31, 2020. 2. Calculate the gain/loss on early retiremen
The balance in the discount account on December 31, 2020, would be $13,000.
The bonds were issued at a discount, as they were sold at 99% of their face value of $1,000,000, resulting in a discount of $10,000 ($1,000,000 - $990,000). the discount of $10,000 is amortized by allocating $5,000 each year ($10,000/2) as an additional interest expense. The gain on early retirement would be $13,000. Since the bonds were retired early, the company needs to compare the carrying value of the bonds on the retirement date ($987,000) with the sum of the face value of the bonds ($1,000,000) and any unamortized discount ($13,000). In this case, the carrying value is less than the sum, resulting in a gain of $13,000 ($1,000,000 + $13,000 - $987,000). The gain on early retirement is recognized because the company is paying less than the carrying value to retire the bonds.
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Of the following countries, the one that best exhibits the characteristics of a pure or free market economy is: Cuba. O North Korea United States. China.
The correct answer is United States. The free market economy, sometimes referred to as capitalism, is the type of economy in which most companies are owned and run by individuals.
The allocation of commodities and services in a free market economy is determined by competition. Government participation in business is more minimal, with regulations dictating how companies are allowed to function being the main focus. Private property rights are a fundamental component of a free market economy, which means that entrepreneurs can anticipate owning their properties (land, buildings, equipment, etc.) and keeping most of their profits (less taxes).
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Podunk tech university's office of student affairs would like to estimate the proportion of podunk tech's students who have smoked marijuana in the past month. the office of student affairs would like to estimate the population proportion p to within .04 with 95% confidence.
Answer:
600
Explanation:
Requirement "What sample size is required if the Office of Student Affairs has no knowledge of the approximate value of p? (Round your answer up to the next largest integer)."
Margin of error, m = 0.04
Confidence level, 1-∝=0.95
Assume that p = 0.5 as proportion is not given.
At 95% confidence(∝=0.05). the tabulated value from the z-table is 1.96
n = p(1-p)[z∝/m]^2
n = (0.5)(1-0.5)[1.96/0.04]^2
n = (0.5)(0.5)(2401)
n = 600.25
n = 600
So, the required samplesize would be 600
Salaries are an ____.
A. Asset
B. Expense
C. Neither
Thanks!
Answer:
c neither welcome have a great day
Municipal general obligation bonds are ____.
a. always subject to federal taxes; always exempt from state and local taxes.
b. supported by the municipal government's ability to tax; supported by the municipal government's ability to tax.
c. typically zero-coupon bonds; typically zero-coupon bonds.
d. supported by the municipal government's ability to tax; supported by revenue generated from the project.
The municipal obligation bond supported by the municipal government's ability to tax; supported by revenue generated from the project.
What is Municipal bond?Municipal bond can be define as a form of debt or tax security which is normally issued by either a state or country and even municipality in order to provide financial assistance to it's capital expenditure including schools, bridges or highways.
General obligation bondsare municipal bonds which provide a way for state and local governments finance projects that may not generate a revenue .
Therefore, The municipal obligation bond supported by the municipal government's ability to tax; supported by revenue generated from the project.
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Complete the sentence.
A(n) ____ should always behave responsibly and appropriately online.
Answer:on edge its digital citizen
Explanation:i got 100%
Answer: Below
Explanation:
If $560 is invested at an interest rate of 9% per year and is compounded continuously, how much will the investment be worth in 5 years? use the continuous compound interest formula a = pert.
a. $250
b. $685
c. $878
d. $1,026
c.$ 878 will the investment be worth in 5 times.
The interest you earn on interest is known as compound interest.compound interest, also known as interest on star and interest, is the practice of adding interest to the top amount of a loan or deposit. It occurs when interest is reinvested, or added to the advanced capital rather than paid out, or when the borrower is demanded to pay it, so that interest is generated the coming period on the top amount plus any accumulated interest. In finance and economics, emulsion interest is common.
Continuously compounded interest is A=Pe^(rt) or \(A=Pe^ r^t\)
where A is the final quantum,
P is the original quantum,
r is the interest rate, and t is the number of compounding.
Then, P = 560, r = 0.09, and t = 5.
A = 560e(0.09 × 5) = 560e(0.45) = 560 x 1.56831
A = 878.25
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A(n) _____ identifies how you feel about an activity or subject.
Answer:
Survey
it questions and identifies how you feel about an activity or subject.
Answer: interest theory
took it on edg.
what is the square root of 378
Which of the following is not one of the 3 major ways to save for retirement
that were discussed in class?
O a. Saving and investing throughout your life
O b. Getting paid via benefits from social security
O d. Liquidating the majority of your assets into cash
O c. Leveraging benefits from your previous job
The option that is not one of the 3 major ways to save for retirement discussed in class is option
(d) liquidating the majority of your assets into cash.
What is a better way to save for retirementThis is not a sustainable strategy for retirement savings as it involves selling off assets that could potentially generate income and growth over time.
The three major ways to save for retirement are:
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Converse, Hollister and more have been accused of using child labor so they can
increase profit. It's more expensive to produce items in North America or other
developed countries than elsewhere because they have higher minimum wages. For
example, instead of paying $10 to someone making clothes in Canada per hour,
companies can pay workers 10 cents (Canadian money) each week in India. It's easy
to replace workers if they like, it's also dependable because workers in India are
forced to work and they'd be abused if they refuse or disobey their orders. What is
this?
A. Trade Deficit
B. Sweatshop
C. Countertrade
D. Strategic Alliance
Answer:
B. Sweatshop
Explanation:
let me know if I'm wrong
mickey wants to buy a new 50-inch tv to put in his bedroom. he has already narrowed down his choices to sony, panasonic, and sharp. he compares these three on four attributes: picture brightness, resolution, weight, and sound quality. (his dad is going to pay for it, so price is no object.) he then develops the following table. (all ratings and importance weights are measured on 10-point rating scale like the example discussed in lecture.) which tv is mickey most likely to buy?
Mickey will most likely buy Panasonic TV. Using the multi-attribute model Mickey will choose to eat based on which restaurant has the highest total weighted rating.
Sony's total weighted rating = (3 x 8) + (9 x 10) + (8 x 4) + (8 x 5) = 24 + 90 + 32 + 40 =186 Panasonic's total weighted rating = (6 x 8) + (8 x 10) + (5 x 4) + (9 x 5) = 48 + 80 + 20 + 45 = 193 Sharp's total weighted rating = (9 x 8) + (6 x 10) + (5 x 4) + (7 x 5) = 72 + 60 + 20 + 35 = 187 Panasonic has the highest total weighted rating so the correct answer is B.
Consumers frequently go through a few steps while determining whether to buy anything before deciding. Discover the definition and hierarchy of the five stages of decision-making that every customer goes through when selecting a product.
Consumers choose products depending on which ones meet their needs the best, and to reduce the danger of making poor investments, they make sure there are no better choices available.
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Employment-at-will allows the employer to fire for any reason, but the employee cannot leave without notice.
True
False
Answer:
Very extremely true