Question 2 If X = 100,0 = 8 and n = 64, construct a 95% confidence interval estimate for the population mean, u.
Answers
The 95% confidence interval estimate for the population mean, u is (98.04, 101.96).
Given:X = 100,σ = 8n = 64Confidence level is 95%
We know that the confidence interval is given by:
CI = ( X - zα/2(σ/√n), X + zα/2(σ/√n))
Whereα is the level of significanceσ the standard deviation is the sample sizezα/2 is the z-score associated with the level of significance α/2 and it can be obtained from the standard normal distribution table.
At a 95% confidence level, α/2 = 0.025The value of z0.025 = 1.96
Therefore, the 95% confidence interval estimate for the population means, u is given as:
CI = ( 100 - 1.96(8/√64), 100 + 1.96(8/√64))CI
= ( 100 - 1.96, 100 + 1.96)CI
= ( 98.04, 101.96)
Therefore, the 95% confidence interval estimate for the population mean, u is (98.04, 101.96).
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Related Questions
business question below:)
Answers
Answer:
C
Explanation:
Answer:
The answer is C
Explanation:
the elements of consideration, in a bilateral contract for a sale of goods, are the sale and the goods. group of answer choices false true
Answers
In a bilateral contract for the sale of goods, consideration refers to the exchange of something of value between the parties involved.
Sale: The first element of consideration is the sale itself. This refers to the agreement between the buyer and the seller to transfer ownership of goods in exchange for some form of consideration. The sale establishes the intention of the parties to enter into a contractual relationship.
Goods: The second element of consideration is the goods that are the subject of the contract. Goods typically refer to tangible, movable items that are bought or sold, such as merchandise, equipment, or commodities. The specific nature and description of the goods should be clearly defined in the contract to avoid any ambiguity or misunderstanding.
Consideration is a fundamental requirement for the formation of a valid and enforceable contract. It ensures that each party is giving something of value and creates a mutual obligation to perform their respective duties under the contract. Without consideration, a contract may be considered gratuitous and lacking the necessary elements for enforceability.
It's important to note that these elements of consideration can vary depending on the jurisdiction and specific contractual terms. Legal advice from a qualified professional should always be sought for specific contract-related matters.
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Overview: One important topic that has been discussed this week has been managerial overconfidence, and whether this can have a positive effect overall.
For this week’s assignment, assume that you have been appointed to a corporate committee that is evaluating two mutually exclusive projects, Project A and Project B.
Each project is headed by a different manager. During the presentation of each project, the manager of A appears to be arrogant, and also mentions that the CEO of the company frequently plays golf and has dinner after work. In considering each of the project’s presentations, you find that you are leaning much more closely to Project A, despite both projects being extremely similar with regard to timing and magnitude of cash flows.
Instructions: For this week’s assignment write a 2-3 page account explaining what factors are at work influencing your managerial decision-making skills, along with an evaluation of whether these forces likely lead to better outcomes.
Answers
The factors that are influencing the decision-making skills of the manager are their own overconfidence, biased perceptions, and social comparisons that occur when they present their projects.The phenomenon of overconfidence in managers is one of the factors that can lead to poor decision-making.
Overconfidence is a state of mind where individuals think that they are smarter and more capable than they actually are. It can lead to bad decisions by overestimating the potential of a project, misinterpreting information, or ignoring potential risks.
Another factor that can influence the decision-making skills of a manager is biased perceptions. This can be seen in the case study, where the manager of Project A is perceived as arrogant, which may have influenced the perception of the project.
When managers compare their projects to others, they may overestimate the potential of their project because they believe that their work is superior to others'. This can lead to poor decision-making because managers may not consider the potential risks or weaknesses of their project because they believe that their work is superior.
To conclude, the factors that influence the decision-making skills of managers include overconfidence, biased perceptions, and social comparisons. These factors can lead to poor decision-making, and the potential risks of a project may be underestimated.
However, if the managers are aware of these factors, they can make better decisions and avoid potential risks.
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The major features of the U.S. free enterprise system include:
A. restrictions on the types of available consumer goods.
B. economic decisions made mainly to promote fairness.
C. limited competition between a small number of companies.
D. limits on the government's role in the economy.
ASAP !!!
Answers
Answer:
D. limits on the government's role in the economy.
Explanation:
Free market enterprise refers to the economic model where demand and supply forces determine the products and services in the market and their prices. In this model, sellers have the freedom to select what business they want to start. Buyers have the option of picking their preferred products or services from many competing suppliers.
In a free market enterprise like the USA economy, the government's role is limited to regulation. The government may get involved in the provision of essential services and public goods. To a large extent, the free market economy is in the profit-motivated, private sector.
Answer: D. Limits on the governments role in the economy
Explanation: I just took the test on a pe x
Question 2. Small Town Sweets—audit planning analytics (4%)
Small Town Sweets is based in Molong, NSW, and produces a range of high-quality confectionery for the East Coast market. Small Town Sweets operates in a low-margin environment, which typically means that large volumes are required to cover overhead costs and generate profits. It also means that overheads need to be kept under control to ensure that a net profit is generated from its operations. Debt is also kept to a minimum to ensure that interest costs are low and that there is sufficient margin to protect solvency during downturns.
The company did not reach industry profitability benchmarks in the previous year and budgeted to do better in the current year. It thought that it could do so by keeping its costs down in relation to sales while allowing its gross margin to drop, evidently planning to generate a larger volume of sales. The company also planned to better manage its working capital by reducing inventory and accounts receivable levels, indicating that it expected to produce a healthy cash flow to enable it to do so. As part of the planning process MCA has produced the following analytical information:
Ratio Actual Budgeted Prior Year Industry
Return on equity % 12.9 16.6 14.8 15.5
Return on total assets % 10.7 14.2 13.1 14.5
Gross margin % 8.5 9.0 9.5 9.0
Marketing expense/sales % 2.6 1.8 2.0 2.2
Admin expenses/sales % 1.6 1.6 1.8 2.0
Interest coverage ratio 5.4 8.1 6.4 6.0
Days in inventory 33.1 30.4 31.1 30.0
Days in accounts receivable 50.0 48.0 49.7 45.0
Current ratio 1.3 1.2 1.2 1.5
Quick asset ratio 0.81 0.77 0.77 1.0
Debt to equity ratio 0.51 0.33 0.41 0.40
Required
With reference to ASA 315 and the information above, identify and justify:
the three ratios that would be of most interest in the planning of the audit.
the account balance that is most at risk for each ratio identified in 1.
the assertion most at risk for each account balance identified in 2.
Answer this question using the following headings:
1. Ratio
2. Account balance
3. Assertion
Answers
Ratio:
a) Return on equity %
b) Days in inventory
c) Days in accounts receivable
Account balance:
a) Net income
b) Inventory
c) Accounts receivable
Assertion:
a) Existence
b) Valuation
c) Completeness
Justification:
Ratio:
a) Return on equity %: Return on equity is a key profitability ratio that measures the company's ability to generate profits for shareholders. It is of interest to auditors as it provides insight into the effectiveness of the company's management team in generating profits. A lower than expected return on equity could indicate mismanagement or fraudulent activity.
b) Days in inventory: Days in inventory is a ratio that measures the average number of days it takes for inventory to be sold. It is of interest to auditors as it provides insight into the efficiency of the company's inventory management system. A high number of days in inventory could indicate that inventory is not being managed efficiently, leading to potential overstatement of inventory and understatement of cost of sales.
c) Days in accounts receivable: Days in accounts receivable is a ratio that measures the average number of days it takes for customers to pay their bills. It is of interest to auditors as it provides insight into the efficiency of the company's accounts receivable management system. A high number of days in accounts receivable could indicate that the company is not collecting receivables in a timely manner, leading to potential overstatement of accounts receivable and understatement of bad debts.
Account balance:
a) Net income: Net income is the primary measure of a company's profitability. It is at risk if the return on equity ratio is lower than expected, as it may indicate mismanagement or fraudulent activity.
b) Inventory: Inventory is a major component of cost of sales and is at risk if the days in inventory ratio is higher than expected, as it may indicate potential overstatement of inventory and understatement of cost of sales.
c) Accounts receivable: Accounts receivable represent amounts owed to the company by customers. They are at risk if the days in accounts receivable ratio is higher than expected, as it may indicate potential overstatement of accounts receivable and understatement of bad debts.
Assertion:
a) Existence: The existence assertion is at risk for net income if the return on equity ratio is lower than expected, as it may indicate mismanagement or fraudulent activity.
b) Valuation: The valuation assertion is at risk for inventory if the days in inventory ratio is higher than expected, as it may indicate potential overstatement of inventory and understatement of cost of sales.
c) Completeness: The completeness assertion is at risk for accounts receivable if the days in accounts receivable ratio is higher than expected, as it may indicate potential overstatement of accounts receivable and understatement of bad debts.
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Kiran owns a T-shirt shop in a beach community. For many years, he owned the only T-shirt shop in the area. Recently, several other T-shirt shops have opened next to Kiran’s shop. What is likely to happen?
Answers
Answer:
most likely kiran is going to go out of business
Explanation:
so he has to step up his products and have something that makes his stuff look outstanding like ads and he might want to have someone with a lot of fame to represent his brand
when business owners look at leading economic indicators, they generally are doing this to help predict what will happen over the following___
three to nine weeks
there to six years
six to nine months
three to six months
Answers
Bird Enterprises has no debt. Its current total value is $48 million. Assume debt proceeds are used to repurchase equity. a. Ignoring taxes, what will the company’s value be if it sells $18.9 million in debt? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, round your answer to the nearest whole number, e.g., 1,234,567.) b. Suppose now that the company’s tax rate is 25 percent. What will its overall value be if it sells $18.9 million in debt? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.)
Answers
If Bird Enterprises sells $18.9 million in debt and ignores taxes, its value will increase to $66 million.
Currently, Bird Enterprises' total value is $48 million, and it has no debt. If it sells $18.9 million in debt, this will increase its value. To calculate the new value, we can use the formula:
New Value = Current Value + Debt Proceeds
New Value = $48 million + $18.9 million
New Value = $66.9 million
However, we need to round the answer to the nearest whole number, so the new value will be $66 million.
Now, if we consider taxes, the new value will be different. If the company's tax rate is 25%, it will have to pay taxes on the interest payments it makes on the debt. To calculate the new value, we can use the formula:
New Value = Current Value + (Debt Proceeds x (1 - Tax Rate))
New Value = $48 million + ($18.9 million x (1 - 0.25))
New Value = $48 million + $14.175 million
New Value = $62.175 million
Rounding the answer to the nearest whole number, the new value will be $62 million. So, with taxes taken into account, Bird Enterprises' value will increase to $62 million if it sells $18.9 million in debt.
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Which qualifications are most helpful for Foreign Service Careers? Check all that apply.
Foreign language skills
Stress management skills
Design skills
Independence
Math skills
Adaptability and flexibility
Answer: foreign language skills, stress management skills, and adaptability and flexibility
Answers
Answer:here's the right answer for this question
Explanation:edge2023
Whited Inc.'s stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 3.50% per year. The required rate of return on the stock, rs, is 11.50%. What is the stock's expected price 5 years from now? a. $41.87 b. $52.33 c. $46.89 d. $40.61 e. $36.42
Answers
The expected price of the stock after 5 years is $52.33.
Therefore, the answer is B.
The expected price of the stock after 5 years can be calculated using the Gordon growth model or the Dividend Discount Model (DDM).
According to DDM, the price of a share is calculated as the present value of the sum of the expected future dividends and the expected stock price at the end of the holding period.
The dividend expected after 1 year from now, D1 = Po(1 + g)
D1 = $35.25 × (1 + 0.035)
D1 = $36.50
The dividend expected after 2 years from now,
D2 = D1(1 + g)
D2 = $36.50 × (1 + 0.035)
D2 = $37.77
Similarly, the dividend expected after 3, 4 and 5 years are
D3 = $39.07
D4 = $40.42
D5 = $41.87
Now, using the dividend discount model formula we can calculate the price of the stock after 5 years:
P5 = D5 / (rs - g)
P5 = $41.87 / (0.1150 - 0.0350)
P5 = $52.33
Option (b)$52.33 is correct.
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The Family and Medical Leave Act: _____________
a. provides paid leave for women who choose to stay home with newborn infants.
b. was recently eliminated by the Supreme Court due to an employment shortage.
c. provides unpaid leave of up to 6 weeks for couples (male or female) who have a new baby.
d. provides unpaid leave of up to 12 weeks for men and women for the birth or adoption of infants, or in the case where it is necessary to care for an immediate family member who may be ill.
Answers
Answer:
Ddddddddddddddddddddd
what are the ources of information and communication?Describe
Answers
Answer:
One of the fundamental ideas in communication and information processing is the source or sender. Sources are objects that encode message data and transmit it to one or more observers over a channel (or receivers).
if there were no organized financial markets, how would an entrepreneur acquire resources to develop and produce a new product?
Answers
In the absence of organized financial markets, an entrepreneur seeking resources to develop and produce a new product would rely on alternative methods. Here's a step-by-step explanation of how they can acquire resources:
1. Personal Savings: The entrepreneur can use their own personal savings as an initial investment to finance the development and production of the new product.
2. Family and Friends: The entrepreneur can seek financial assistance from family members and friends who believe in the potential of the new product and are willing to support the venture. They can either provide loans or invest directly in the business.
3. Crowdfunding: The entrepreneur can use crowdfunding platforms to pitch their idea and gather small investments from a large number of people interested in supporting the project. This can be done through rewards-based or equity-based crowdfunding.
4. Angel Investors: The entrepreneur can approach individual investors, known as angel investors, who have a high net worth and are willing to provide financial support to promising start-ups in exchange for equity or convertible debt.
5. Venture Capital: The entrepreneur can seek funding from venture capital firms that invest in high-growth, high-potential start-ups in return for equity ownership. This often involves presenting a solid business plan and demonstrating the potential for significant returns on investment.
6. Business Grants and Competitions: The entrepreneur can apply for business grants offered by government agencies, foundations, or private organizations. They can also participate in business plan competitions that provide cash prizes and other resources to winners.
7. Trade Credit: The entrepreneur can negotiate favorable payment terms with suppliers, such as extended payment terms or deferred payments, to acquire the necessary resources for producing the new product without immediate financial outlays.
By exploring these options, an entrepreneur can secure the necessary resources to develop and produce a new product without relying on organized financial markets.
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If there were no organized financial markets, an entrepreneur would acquire resources to develop and produce a new product through personal savings, loans from friends and family, or by seeking out venture capitalists or angel investors who are willing to invest in their idea. Without organized financial markets, it may be more challenging for an
entrepreneur to secure the necessary capital to fund their venture. However, there are still options available that would allow them to raise the necessary funds to get started.The first step an entrepreneur would need to take is to identify
their funding needs. They would need to determine how much capital is needed to develop and produce their product, as well as cover any initial overhead costs. Once they have a clear understanding of their funding needs, they could
then begin to explore different funding options available to them. This could include seeking out investors or applying for loans through various lending institutions. Another option would be to explore crowdfunding, which has become an increasingly popular way for entrepreneurs to raise capital. Through crowdfunding, an entrepreneur can pitch their idea to a large group of individuals and ask them to contribute small amounts of money to help fund the venture.Overall, while the absence of organized financial markets may pose some challenges for entrepreneurs seeking to fund a new venture, there are still various options available to them. With careful planning and persistence, an entrepreneur can secure the necessary capital to turn their idea into a successful business venture.
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The sox act created the ______________________, which sets accounting and auditing standards.
a. Public company accounting oversight board (pcaob)
b. Committee of sponsoring organizations (coso)
c. Control objectives for information and related technology (cobit)
d. The family educational rights and privacy act (ferpa)
Answers
The SOX Act created the Public Company Accounting Oversight Board (PCAOB), which sets accounting and auditing standards.
The Family Educational Rights and Privacy Act (FERPA) is not related to the SOX Act. The SOX Act is also known as the Sarbanes-Oxley Act of 2002, which was enacted in response to major corporate accounting scandals.
The Sarbanes-Oxley Act of 2002 (SOX) is a US law that was enacted in response to major corporate accounting scandals. The Act aims to protect investors by requiring public companies to follow strict accounting and auditing standards. The SOX Act created the Public Company Accounting Oversight Board (PCAOB), which oversees public accounting firms that audit public companies. The PCAOB sets accounting and auditing standards that public companies and their auditors must follow.
The Act also requires public companies to establish internal controls over financial reporting to ensure the accuracy and completeness of their financial statements. Companies must also provide certification of their financial statements by their CEO and CFO. The Act aims to increase transparency and accountability in financial reporting by public companies.
The Sarbanes-Oxley Act of 2002 established the Public Company Accounting Oversight Board (also known as the PCAOB), a private, non-profit organization to oversee accounting professionals who provide independent audit reports for publicly traded companies.
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When you pay $8 for salad you ordered for lunch, you are using money as a(n)
A) store of value.
B) investment good.
C) medium of exchange.
D) unit of account.
Answers
Answer:
C) medium of exchange.
Explanation:
Exchange the money for a good. The physical paper does not represent anything, its value is only based on an exchange. This is why the Mongolian fish market is currently booming. Mongolian fish are BOTH a medium of exchange and also a physical good of an immense value. Make sure to write this down as your prof will likely ask you questions about it.
When two different messages produce the same hash value what has occurred?
Answers
When two different messages produce the same hash value, it is called a hash collision. This means that the hash function used to generate the hash value was unable to produce a unique output for each input, and two different messages ended up with the same output.
While hash collisions are rare, they can still occur in certain circumstances, such as when the hash function is not strong enough or when there is a deliberate attempt to create a collision.
Hash collisions can pose security risks in certain situations, such as when a malicious user attempts to create a fake message with the same hash value as a legitimate message. This is known as a hash collision attack and can be used to bypass security measures such as digital signatures or to create fake digital certificates.
To prevent hash collisions, it is important to use strong hash functions that are resistant to collisions and to regularly update them as new vulnerabilities are discovered. Additionally, using salted hashes, where a random value is added to the message before hashing, can make it more difficult for attackers to create hash collisions.
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OJT is best for large groups.
True
False
Answers
I think this is right
(5. From the age distribution, if a country has more workforce that fall between
56 years and above, what are the likely economic effect on such a country?
Answers
Answer & Explanation: Aging workforce refers to the part of working individuals that has reached a certain age and beyond often 40 years and above.
Having more aging workforce is HARMFUL for economic growth. This is so because an aging workforce will lead to a decline in labour participation rate due to the retirement age for kost countries. This will also lead to an increase in social security tax and eventually a decline in productivity.
Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
Answers
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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Ed lives in Merchantville , a state that has a so-called merchant protection statute (or shopkeeper's privilege). One day Ed goes to the grocery store to shoplift some steaks for dinner. The owner of the grocery store catches Ed red-handed in the act of shoplifting. He and an employee gently restrain Ed in the back room, feeding him gourmet food and wine until the local sheriff finally shows up three days later. If Ed sues the grocer for the tort of false imprisonment, he will win if he can prove that
Answers
Answer:
the gourmet food that he was fed was poorly prepared
Explanation:
Shopkeeper's priviledge is the law that allows United States shop owners detain people that shoplifted from their shop.
They must have proof that the person did the crime and also are only able to hold him for a reasonable time.
In the given scenario the shop owner catches Ed red-handed in the act of shoplifting. He and an employee gently restrain Ed in the back room, feeding him gourmet food and wine until the local sheriff finally shows up three days later.
Ed can win a tort of false imprisonment if the gourmet food that he was fed was poorly prepared.
There must be proper care given while the suspect is being detained. Being fed poorly prepared food means he was detained under conditions that could be detrimental to his health
Which of the following functions of money would be violated if inflation were high?a. unit of accountb. store of valuec. certificate of goldd. medium of exchange
Answers
The function of money that would be violated if inflation were high is the store of value. The correct option is b.
Money serves as a store of value when it can be held and saved to be used for future purchases or to preserve wealth. However, when inflation is high, the value of money decreases over time. This means that the purchasing power of money diminishes, and the ability to store value is compromised.
Inflation erodes the value of money by increasing the general price level of goods and services, leading to a decrease in the value of savings or stored money.
As a result, individuals may be less willing to hold onto money as a long-term store of value and may seek alternative assets or investments to protect their wealth from the effects of inflation. The correct option is b.
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in aggregate planning a firm tries to balance demand with inventories. a. false b. true
Answers
The answer is-True. In aggregate planning, a firm aims to balance the demand for its products or services with the available inventories.
Aggregate planning is a process of developing a comprehensive strategy that determines the production, inventory, and workforce levels required to meet the anticipated demand for the products or services of a firm. The objective of aggregate planning is to minimize the production costs while ensuring customer satisfaction and meeting the demand.
The planning process involves analyzing historical data, forecasting future demand, and adjusting production, inventory, and workforce levels accordingly. By doing so, a firm can avoid stockouts, reduce inventory holding costs, and maintain efficient production levels. Therefore, it is essential for firms to engage in aggregate planning to ensure a smooth production process.
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Type 2 paragraphs disscusing the importance of "Sharpening the saw"
Answers
Answer:Sharpening the saw" is a term that refers to the importance of regularly investing time and effort in self-improvement and personal growth
Explanation: "Sharpening the saw" is a term that refers to the importance of regularly investing time and effort in self-improvement and personal growth. This means taking a step back from the daily grind and investing in activities that help you improve your physical, mental, and emotional well-being, as well as your skills and knowledge. The importance of sharpening the saw cannot be overstated. When you take time to work on yourself, you become more efficient and effective in everything you do. You're better equipped to handle stress and challenges, and you have a clearer sense of purpose and direction in life. This, in turn, can help you achieve greater success in your personal and professional life.
Sharpening the saw also helps prevent burnout and promotes overall well-being. When you're constantly focused on work or other obligations, it's easy to neglect your own needs and become overwhelmed. This can lead to stress, anxiety, and even physical health problems. By regularly investing time in activities that help you recharge and refresh, you'll be better equipped to handle the demands of daily life. This might include activities like exercise, meditation, learning new skills, or pursuing hobbies and interests. Ultimately, sharpening the saw is an investment in yourself that pays dividends in all areas of your life.
Stephen Covey coined the metaphor "sharpening the saw" to stress the importance of continuous self-improvement.
Individuals must engage in their growth both personally and professionally in order to reach their full potential, just as a saw must be sharpened to cut effectively. This entails regularly evolution and optimising one's skills, knowledge, and habits. Individuals can improve their productivity, creativity, and well-being by doing so.
Sharpening the saw is important in both personal and professional situations. In personal life, it helps the individual lead a fulfilling life by improving their physical, emotional, and spiritual well-being.
To summarise, honing the saw is an ongoing endeavor that requires dedication, commitment, and discipline. By having skills, it not only benefits individuals but also helps organisations achieve their goals.
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according to keynes, the private sector (by itself)
Answers
According to Keynes, the private sector, by itself, may not always lead to effective economic outcomes. Government intervention and public policy are necessary to stabilize economies and promote growth.
Keynes believed that during recessions, the private sector could become stuck in a state of low investment and high unemployment, leading to a decline in overall economic activity. He advocated for government spending and monetary policies to stimulate demand, create jobs, and restore economic stability. By influencing aggregate demand and managing fluctuations, Keynes argued that the public sector can play a crucial role in ensuring full employment and preventing prolonged economic downturns.
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Imagine there are two countries: A and B. These countries have the same amount of resources and both produce two goods, pens and scissors. If country A dedicates all of it's resources to pens, it can produce 1000 pens. If country A dedicates all of it's resources to scissors, it can produce 3000 scissors. If country B dedicates all of it's resources to pens, it can produce 500 pens. If country B dedicates all of it's resources to scissors, it can produce 1000 scissors. Now try a different trade ratio.
Required:
Which country would accept and/or not accept a trade of 200 pens for 500 scissors (i.e. the trade would benefit them)?
Answers
Answer:
The American statesman Benjamin Franklin (1706–1790) once wrote: “No nation was ever ruined by trade.” Many economists would express their attitudes toward international trade in an even more positive manner. The evidence that international trade confers overall benefits on economies is pretty strong. Trade has accompanied economic growth in the United States and around the world. Many of the national economies that have shown the most rapid growth in the last few decades—for example, Japan, South Korea, China, and India—have done so by dramatically orienting their economies toward international trade. There is no modern example of a country that has shut itself off from world trade and yet prospered. To understand the benefits of trade, or why we trade in the first place, we need to understand the concepts of comparative and absolute advantage.
In 1817, David Ricardo, a businessman, economist, and member of the British Parliament, wrote a treatise called On the Principles of Political Economy and Taxation. In this treatise, Ricardo argued that specialization and free trade benefit all trading partners, even those that may be relatively inefficient. To see what he meant, we must be able to distinguish between absolute and comparative advantage.
A country has an absolute advantage in producing a good over another country if it uses fewer resources to produce that good. Absolute advantage can be the result of a country’s natural endowment. For example, extracting oil in Saudi Arabia is pretty much just a matter of “drilling a hole.” Producing oil in other countries can require considerable exploration and costly technologies for drilling and extraction—if indeed they have any oil at all. The United States has some of the richest farmland in the world, making it easier to grow corn and wheat than in many other countries. Guatemala and Colombia have climates especially suited for growing coffee. Chile and Zambia have some of the world’s richest copper mines. As some have argued, “geography is destiny.” Chile will provide copper and Guatemala will produce coffee, and they will trade. When each country has a product others need and it can be produced with fewer resources in one country over another, then it is easy to imagine all parties benefitting from trade. However, thinking about trade just in terms of geography and absolute advantage is incomplete. Trade really occurs because of comparative advantage.
Explanation:
The country that should accept trade 200 pens for 500 scissors is Country B.
What is comparative advantage?
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. If the country does not have a comparative advantage inthe production of a good, that goos should be imported.
Opportunity cost in producing 1 scissors:
For country A = 1000 / 3000 = 1/3
For country B = 500 /1000 = 1/2
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the frequent use of promotional pricing can encourage customers to only buy when a brand is on sale. group of answer choices true false
Answers
The frequent use of promotional pricing can encourage customers to only buy when a brand is on sale true.
Promotional pricing is a income approach wherein a dealer or a logo quickly reduces the rate of a product or a provider with the intention to draw greater customers. Promotional pricing works through growing the purchaser's urgency to buy with a limited-provide deal.
Promotional pricing can assist with purchaser acquisition through encouraging cost-aware buyers to buy. It can growth revenue, construct purchaser loyalty, and enhance short-time period coins flow.
A promotional pricing approach works fine withinside the short-time period. Value-based, competition-based, cost-plus, and dynamic pricing are all fashions which can be used frequently, relying at the enterprise and commercial enterprise version in question.
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at pottery barn, a thick $24 bath towel is icon of the company's aspiration--- design, quality, and price. this is an example of:
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Vision reflects high ideals, at pottery barn, a thick $24 bath towel is icon of the company's aspiration.
What are companies?An entity that is registered under the Companies Act and has a legal existence is referred to as a company. A limited liability company, an unlimited liability company, a private or public corporation, a company limited by guarantee, a company with a share capital, or a community interest company are all possible types of entities. During the registration phase, there are a number of steps, including: Agreement Memorandum: The company's founders must affix their signatures to a memorandum of association (MoA). A public business must have at least 7 members, while a private firm must have at least 2 members.
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Analyse, one way a country is likely to
benefit from the expansion of its
business
enterprises.
Answers
Answer:
earning of foreign and upliftment of the host country.
Explanation:
as a bussiness expands into other countries the profits it makes if it becomes successful are retained back to the host country as retained profits and this changes the economy as government earns part pf the revunue due to the tax earnings
Kyle is saving for a new computer. he has 878 eur, but he needs at least 929 eur to buy the computer he wants. he decides to invest his money in a savings scheme which offers 4. 23% annual interest compounded monthly. how many full months will it take him to save for his computer? give your answer as an integer with no units
Answers
It will take him 2 months on 4.23% annual interest compounded monthly to save for his computer.
The interest rate that is applied throughout a year is referred to as the annual interest rate. annual interest may be imposed monthly, quarterly, or biannually, among other time frames. However, interest rates are typically annualized. Compound interest is calculated as follows: CI = P(1 + (r/12)). 12t - P, where t is the time, P is the principle sum, and r is the interest rate expressed as a decimal. Savings account and Certificate of Deposit (CD) interest rates typically compound once every year. Credit card accounts, home equity loans, and mortgage loans typically compound regularly. Additionally, a compounded interest rate that occurs more frequently tends to look smaller.
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smashed pumpkins company paid $80 in dividends and $519 in interest over the past year. the company increased retained earnings by $432 and had accounts payable of $510. sales for the year were $16,020 and depreciation was $692. the tax rate was 35 percent. what was the company's ebit? multiple choice $1,307 $1,578 $5,607 $1,184 $788
Answers
The company's EBIT is approximately $522.08. None of te option is correct.
To determine the company's EBIT (Earnings Before Interest and Taxes), we need to subtract the interest expense and taxes from its operating income. Here's how we can calculate it step by step:
Start with the company's net income: Since the problem doesn't provide the net income directly, we can calculate it by considering the dividends paid, the increase in retained earnings, and the accounts payable. The formula is:
Net Income = Dividends + Increase in Retained Earnings - Accounts Payable
Plugging in the given values:
Net Income = $80 + $432 - $510
= $2
Calculate the taxable income: Taxable income is the net income before deducting taxes. Since the tax rate is 35 percent, we can use the formula:
Taxable Income = Net Income / (1 - Tax Rate)
Plugging in the values:
Taxable Income = $2 / (1 - 0.35)
= $2 / 0.65
= $3.08 (rounded to two decimal places)
Calculate the interest expense: The problem states that the company paid $519 in interest over the past year.
Calculate the EBIT: EBIT is calculated by adding interest expense and taxes to taxable income. The formula is:
EBIT = Taxable Income + Interest Expense
Plugging in the values:
EBIT = $3.08 + $519
= $522.08 (rounded to two decimal places)
Therefore, the company's EBIT is approximately $522.08. None of the provided answer choices match this value exactly. It's possible that there was an error in the answer choices or in the given information.
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