Answers
The relationship between a product's price and the quantity that a company will produce is shown graphically by the supply curve.
Because the graphical curve slopes upward, the supply curve is also known as an upward-sloping supply curve. This happens because businesses want to create more of a good as its price rises so they can sell it for more money.
The amount that businesses are willing to produce at various price levels is shown when a supply curve is graphed, creating a supply schedule. The supply curve will nearly always have an upward left-to-right slope. A sample supply schedule is shown below in the following image.
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CORRECT QUESTION FORMAT IS THE BELOW -------------
Q. What is Upward supply curve? Explain with help suitable table.
A demand curve is a graph of the same data, but a demand schedule is a table that depicts the relationship between a good's price and the amount demanded.
When there is an excess supply in a market with an upward sloping supply and a downward-sloping demand curve, the real price must be lower than the equilibrium price. The supply curve can be defined as a graphic representation of the relationship between a good's price and the amount delivered during a specific time period. It should be emphasized that when there is an excess supply, the real price must be lower than the equilibrium price in a market with an upward-sloping supply curve and a downward-sloping demand curve. The demand curve slopes downward because the quantity sought increases as the price decreases.
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Related Questions
how old can you be to work at a pet store
Answers
Answer:
16
Explanation:
i think its 16 because why now
Which of the following best describes a Trial Balance?
A. It is a list of balances in the book.
B. It is a special account.
C. It shows the financial position of the business.
D. It shows all the entries in the books.
Correct answers will be MARK AS BRAINLIEST
Don't answer if you don't know
Answers
It is list of balances in the book
Trial balance is recorded in form of listIt includes all the balances present at different accounts of any individualOption A is correct
how do you treat customer concern?
Answers
Answer: The important thing is to listen and try to offer solutions.
Explanation: The client who shows concern is looking for results, for solutions, and that is what you have to offer. In my case, when a client communicates his concern to me, I first let him express himself and let him know what causes him concern. After the client has expressed his concern, my focus is on finding a solution. I analyze all the aspects and try to finalize the attention to my client with ideas to work the problem.
Step 2. Search to find any summary about the company that mentions funds for starting the business. Try to find any information containing employee data in this section.
Step 3. Find the section where the product or service is detailed. Look to see what kinds of products or services will be involved with the business. Compare this with what other similar business plans are offering.
Record the information you found for steps 2 and 3. Make sure you discuss how the company got money to start the business, employee data, and what products or services the company provides in comparison with what other similar business plans are offering.
Answers
We can see here that such company gotten after searching for company that mentions funds for starting the business is Go-o-gle.
Funds for starting the business: $1 million in funding from Andy Bechtolsheim.
Employee data: over 160,000 employees worldwide.
What is a company?A company is a legal and organizational entity formed by individuals or a group of individuals with the purpose of conducting business activities. It is an association of individuals who come together to engage in commercial, industrial, or professional activities in order to generate revenue and make a profit.
Their products are digital and online services.
Comparing this company, we see Microsoft.
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what does a hanging indent look like?
Answers
How can events in a process costing system affect financial statements? Provide examples.
Answers
The inventory costing asset account, which shows up on the balance sheet, is where the costs associated with units produced or in production are financial recorded.
The cost is transferred to the cost of goods sold account when the goods are eventually sold, where it appears on the income statement. Financial Process costing is a type of costing that's primarily utilized costing in manufacturing, where products are mass-produced constantly using one or more processes. Examples of this include producing chemicals, erasers, or processed foods. Instead of tracking expenses for each individual item, organizations that use process costing follow the flow of costs from department to department.
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Which activity combines inventory management, order processing, warehousing, material handling, and transportation
Answers
Answer:
Physical distribution.
Explanation:
In Business marketing, physical distribution can be defined as all the series of activities with respect to the supply of finished goods from production line (factory) to the end users or consumers.
Physical distribution is an activity which combines inventory management, order processing, warehousing, material handling, customer service, packaging, market forecasting, logistics and transportation.
Basically, physical distribution deals with the planning, organizing, implementation and control of the movement of goods and services in order to meet the demands of consumers.
Finer Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the sales journal.
May 2 Sold merchandise costing $450 to B. Facer for $675 cash, invoice no. 5703.
5 Purchased $2,600 of merchandise on credit from Marchant Corp.
7 Sold merchandise costing $1,215 to J. Dryer for $1,762, terms 3/10, n/30, invoice no. 5704.
8 Borrowed $8,000 cash by signing a note payable to the bank.
12 Sold merchandise costing $304 to R. Lamb for $486, terms n/30, invoice no. 5705.
16 Received $1,709 cash from J. Dryer to pay for the purchase of May 7.
19 Sold used store equipment (noninventory) for $900 cash to Golf, Inc.
25 Sold merchandise costing $500 to T. Taylor for $785, terms n/30, invoice no. 5706.
Answers
Answer:
Date Customer Invoice Amount COGS
May 2 B. Facer 5703 $675 $450
May 7 J. Dryer 5704 $1,762 $1,215
May 12 R. Lamb 5705 $486 $304
May 25 T. Taylor 5706 $785 $500
The May 19 sale is a disposal of equipment, not a sale of merchandise.
What happens if you only make the minimum payment on your credit card statements
Answers
Yes, you can maintain the use of your credit card by making only the Minimum Payment Due each month. However, there won't be an interest-free time and you'll have to pay exorbitant interest rates.
What takes place when you only pay the minimum amount. Even though it's crucial to make at least the minimum payment each month, it's not recommended to carry a credit card balance from month to month because you'll accrue interest fees (unless you're taking advantage of an introductory 0% APR) and run the danger of going into debt. A minimum payment won't lower your credit score by itself because you aren't skipping a payment.
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what are the two most common levels of education for Urban and Regional Planners? Select two options. master's degree associate degree some college, no degree bachelor’s degree
Answers
The two most common levels of education for Urban and Regional Planners are:
c. college degreee. bachelor’s degreeWhat is the role of Urban and Regional Planners?Basically, an urban & regional planning refers to the art and science of ordering land use development for the social, economic and political benefits of the population. Its involves a technical and political process that is focused on the development and design of land use and the built environment including air, water and the infrastructure passing into and out of urban areas such as transportation, communications, distribution networks, accessibility etc.
Most of the urban and regional planners develop a land use plans and programs that help create communities, accommodate population growth and revitalize physical facilities in towns, cities, counties, and metropolitan areas.
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_Case Study_ -
*Factors for effective communication*
Nalisiwe is a community development facilitator. She wanted to help young people in her community by starting a support group. She asked a community leader to call a meeting for youth. The community leader called the meeting and asked youths to bring their identity documents to the meeting so that they may register for the project. Because the young people had been asked to bring their identity documents to the meeting, many youth came to the meeting, thinking that the meeting was about applying for a Job. Those who did not have identity documents did not attend the meeting. The youth were very frastrated when they heard that there were no Jobs on offer, and that the meeting was to discuss setting up a support group for youth.
Nalisiwe was frastrated because she felt that the community leader may have had other political intentions in asking the youth to bring their identity documents.
Questions:
1. What can you tell about the mental make - up of Nalisiwe?
2. What were the needs of the audience (the youth)?
3. What were the circumstantial Demands that influenced the communication?
4. How could Nalisiwe and the community leader have been clearer about the purpose of the meeting when they sent out the invitation to the youth?
5. The identity document became a distraction and a symbol for something different than what was intended. How could they have avoided this ambiguity?
6. How could Nalisiwe have worked towards a shared goal, despite the initial misunderstanding abou
Answers
1. Based on the given information, we can infer that Nalisiwe is a proactive and well-intentioned individual who is passionate about community development. She has a clear vision of helping young people in her community and is determined to start a support group for them. However, she may also be feeling frustrated and disappointed due to the misunderstanding that occurred during the meeting.
2. The needs of the audience (the youth) were initially misinterpreted due to the lack of clarity in the meeting invitation. They were looking for job opportunities and saw the meeting as a chance to apply for jobs. Their primary need was employment and the prospect of improving their livelihoods.
3. The circumstantial demands that influenced the communication include the community leader's involvement in organizing the meeting and the way the invitation was communicated. The request to bring identity documents created confusion and led the youth to believe that the meeting was about job applications.
4. To be clearer about the purpose of the meeting, Nalisiwe and the community leader could have clearly stated in the invitation that the meeting was for discussing the establishment of a support group for youth and not for job applications. They could have emphasized the importance of youth participation and highlighted the benefits and objectives of the support group.
5. To avoid the ambiguity surrounding the identity documents, Nalisiwe and the community leader could have explicitly stated that bringing identity documents was not a requirement for the meeting. Instead, they could have focused on conveying the purpose and benefits of the support group, addressing the specific needs and concerns of the youth, and highlighting opportunities for personal growth and community involvement.
6. Despite the initial misunderstanding, Nalisiwe could have worked towards a shared goal by actively engaging with the youth, listening to their concerns, and adapting the support group's objectives to address their needs. She could have facilitated open and transparent communication, clarified any misconceptions, and reassured the youth of the benefits and opportunities the support group could provide. Building trust and maintaining effective ongoing communication would be crucial in aligning everyone towards the shared goal of empowering and supporting the youth in the community.
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sophie works as a superior in the bakery at pick and pay. what level of management is she?
A. Middle manager
B. Top manager
C. Intermediate manager
D. First-line manager
Answers
Answer:
First-line manager.
Explanation:
Because Sophie is a "superior" instead of being called a "Restaurant Manager" or "Owner" she would be considered front-line.
Discuss why positive thinking is critical in starting the entrepreneurship journey
Answers
1. Motivation: Starting a business can be challenging, and there will be times when things don't go as planned. Positive thinking can help entrepreneurs stay motivated and focused on their goals, even when faced with obstacles.
2. Resilience: Entrepreneurship is a journey filled with ups and downs. Positive thinking helps entrepreneurs build resilience and bounce back from setbacks quickly. It enables them to focus on solutions rather than dwelling on the problems.
3. Creativity: Positive thinking encourages entrepreneurs to think creatively and come up with innovative solutions to problems. Positivity can help entrepreneurs see possibilities where others may only see challenges.
4. Confidence: A positive mindset can help entrepreneurs approach challenges with confidence, which can be critical when making important business decisions. It helps entrepreneurs believe in their abilities and their vision, which can be contagious and attract others to their business.
5. Networking: Positive thinking can also help entrepreneurs build strong relationships with others. People are naturally drawn to positive individuals, and this can help entrepreneurs build a strong network of supporters, mentors, and partners.
In summary, positive thinking is critical in the entrepreneurial journey because it helps entrepreneurs stay motivated, builds resilience, encourages creativity, boosts confidence, and enables entrepreneurs to build strong relationships with others.
Illustrate how according to you the nature of business is
changing in today's time in a paragraph.
Answers
Additionally, the rise of e-commerce and online shopping has disrupted traditional business models and forced companies to adapt to new ways of doing business. This has also led to the growth of new business models, such as the sharing economy and on-demand services, which are challenging traditional companies and changing the way goods and services are produced and consumed.
In today's time, businesses are also under greater pressure to address social and environmental issues, such as climate change and income inequality. Consumers and investors are increasingly demanding that companies take a responsible and sustainable approach to doing business, which is driving changes in corporate practices and policies.
Overall, the nature of business is changing rapidly in today's time and companies must be flexible, innovative, and proactive in order to succeed in this new business environment.
Hope this helps you, have a great day/night! :]
Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?
Answers
The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.
To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.
To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:
NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost
\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)
\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)
NPV = $3,913.04 + $3,537.41 - $7,800
NPV = -$350.55
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On January 1, 2020, Shay Company issues $700,000 of 10%, 15-year bonds. The bonds sell for $684,250. Six years later, on January 1, 2026, Shay retires these bonds by buying them on the open market for $731,500. All interest is accounted for and paid through December 31, 2025, the day before the purchase. The straight-line method is used to amortize any bond discount.
-What is the amount of the discount on the bonds at issuance?
-How much amortization of the discount is recorded on the bonds for the entire period from January 1, 2020, through December 31, 2025?
-What is the carrying (book) value of the bonds as of the close of business on December 31, 2025?
-Prepare the journal entry to record the bond retirement.
Answers
1. The amount of the bond discount at issuance is $15,750.
2. $6,300 amortization discount has been recorded on the bonds from January 1, 2020, through December 31, 2025.
3. The carrying (book) value of the bonds as of the close of business on December 31, 2025, is $690,550.
4. The journal entry to record the bond retirement at a loss is as follows:
Journal Entry:Account Titles Debit Credit
December 31, 2025:
Bonds Payable $700,000
Retirement Loss $40,950
Cash $731,500
Bond Discounts $9,450
Bonds' issuance date = January 1, 2020
Face value of bonds = $700,000
Sales proceeds = $684,250
Bond discounts at issuance = $15,750 ($700,000 - $684,250)
Period of bonds = 15 years
Coupon rate = 10%
Bond's retirement on Jan. 1, 2026 = $731,500
Bond discount amortization method = straight-line
Annual bond amortization = $1,050 ($15,750/15)
Bond amortized after 6 years = $6,300 ($1,050 x 6)
Carrying value of bonds on December 31, 2025 = $690,550 ($700,000 - $9,450)
Carrying value of bond discounts = $9,450 ($15,750 - $6,300)
Transaction Analysis:Bonds Payable $700,000 Retirement Loss $40,950 Cash $731,500 Bond Discounts $9,450
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Oceanic Company has 15,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends:
20Y1 $22,500
20Y2 7,500
20Y3 45,000
Need help understanding this problem!
Answers
The dividends per share for the cumulative preferred stock and the common stock is :
20Y1 20Y2 20Y3
Dividend per share:
Preferred Stock $1 $0.50 $1.50
Common Stock $0.15 $0 $0.45
What is dividend per share ?Dividend per share is the sum of declared dividends issued by a company for every ordinary share outstanding . It is calculated by dividing the total dividend by the number of shares in the issue for each class of stock.
However, the dividend is distributed to preferred stockholders first, followed by common stockholders.
In any year where the dividend is insufficient to cover the cumulative preferred stockholders, whatever is left over is distributed to the preferred stockholders, leaving common stockholders with nothing.
If there are sufficient dividends, the cumulative preferred dividend arrears must be settled in addition to the fixed dividend for the year
The dividend per share is calculated as:-
Cumulative Preferred 2% Stock = 15,000 shares
Par value = $50
Value of Cumulative preferred stock, 2% stock = $750,000 (15,000 x $50)
Fixed preferred dividend each year = $15,000
Common Stock = 50,000 shares
Dividend Distribution Preferred Common Stock
20Y1 $22,500 $15,000 $7,500 ($22,500-$15,000)
Dividend per share $1 $0.15 ($7,500/50,000)
20Y2 7,500 $7,500 $0
Dividend per share $0.50 $0
20Y3 45,000 $22,500 $22,500 ($45,000 - $22,500)
Dividend per share $1.50 $0.45
Preferred stock dividend for 20Y3 = $22,500 ($7,500 + $15,000)
Therefore, the dividend per share for Oceanic Company is calculated.
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Reggie, who is 55, had AGI of $35,200 in 2022. During the year, he paid the following medical expenses:
Drugs (prescribed by physicians)
Marijuana (prescribed by physicians)
Health insurance premiums-after taxes
Doctors' fees
Eyeglasses
Over-the-counter drugs
$ 570
1,470
1,280
1,320
445
270
Required:
Reggie received $570 in 2022 for a portion of the doctors' fees from his insurance. What is Reggie's medical expense deduction?
Answers
Reggie's medical expense deduction is $7,276.
AGI, or adjusted gross income, is a person's total income minus certain deductions and is used to calculate taxable income.
Reggie, who is 55 years old, had an AGI of $35,200 in 2022. During the year, he incurred the following medical expenses:
Drugs (prescribed by physicians): $5,701
Marijuana (prescribed by physicians): $1,470
Health insurance premiums-after taxes: $1,280
Doctors' fees: $1,320
Eyeglasses: $445
Over-the-counter drugs: $270
Reggie was reimbursed $570 by his insurance company for a portion of the doctors' fees. To calculate his medical expense deduction, we first need to subtract any reimbursements from his total medical expenses.
Total medical expenses: $5,701 + $1,470 + $1,280 + $1,320 + $445 + $270 = $10,486
Reimbursements: $570
Medical expenses after reimbursements: $10,486 - $570 = $9,916
To claim a medical expense deduction, the expenses must exceed a certain percentage of AGI, which varies depending on the taxpayer's age. For taxpayers who are 65 or younger, the threshold is 7.5% of AGI. For taxpayers who are over 65, the threshold is 7%.
Since Reggie is 55 years old, the threshold is 7.5% of his AGI or $35,200 x 0.075 = $2,640.
Therefore, Reggie can deduct the portion of his medical expenses that exceed $2,640.
Amount of medical expenses that exceed the threshold: $9,916 - $2,640 = $7,276
Therefore, Reggie's medical expense deduction is $7,276.
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Precision Systems manufactures CD burners and currently sells 18,500 units annually to producers of laptop computers. Jay Wilson, president of the company, anticipates a 15 percent increase in the cost per unit of direct labor on January 1 of next year. He expects all other costs and expenses to remain unchanged. Wilson has asked you to assist him in developing the information he needs to formulate a reasonable product strategy for next year.
You are satisfied that volume is the primary factor affecting costs and expenses and have separated the semivariable costs into their fixed and variable segments. Beginning and ending inventories remain at a level of 1,000 units. Current plant capacity is 20,000 units. The following are the current-year data assembled for your analysis.
Sales price per unit $100
Variable costs per unit:
Direct materials $10
Direct labor $20
Manufacturing overhead and selling and administrative expenses 30 60
Contribution margin per unit (40%) $40
Fixed costs $390,000
Required:
a. What increase in the selling price is necessary to cover the 15 percent increase in direct labor cost and still maintain the current contribution margin ratio of 40 percent?
b. How many units must be sold to maintain the current operating income of $350,000 if the sales price remains at $100 and the 15 percent wage increase goes into effect?
c. Wilson believes that an additional $700,000 of machinery (to be depreciated at 20 percent annually) will increase present capacity (20,000 units) by 25 percent. If all units produced can be sold at the present price of $100 per unit and the wage increase goes into effect, how would the estimated operating income before capacity is increased compare with the estimated operating income after capacity is increased? Prepare schedules of estimated operating income at full capacity before and after the expansion.
Answers
a. An increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.
b.The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The required sales volume is 18,500 units.
c. The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units
a. To maintain the current contribution margin ratio of 40 percent, the selling price per unit needs to be increased by 20 percent [(15 percent wage increase) / (current contribution margin ratio)].
Therefore, an increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.
b. To maintain the current operating income of $350,000, the number of units that must be sold can be calculated using the contribution margin ratio.
The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The formula for calculating the required sales volume is:
(Number of units) = (Fixed costs + Desired operating income) / Contribution margin per unit
Plugging in the values, we have:
(Number of units) = ($390,000 + $350,000) / $40 = 18,500 units
c. Before the capacity expansion, the estimated operating income can be calculated using the current production and sales volume of 18,500 units.
The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units.
The schedules of estimated operating income at full capacity before and after the expansion can be prepared by multiplying the respective sales volumes with the contribution margin per unit and subtracting the fixed costs and the wage increase.
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Charleston Corporation operates a branch operation in a foreign country. Although this branch operates in euros, the U.S. dollar is its functional currency. Thus, a remeasurement is necessary to produce financial information for external reporting purposes. The branch began the year with 528,000 euros in cash and no other assets or liabilities. However, the branch immediately used 300,000 euros to acquire a warehouse. On May 1, it purchased inventory costing 100,000 euros for cash that it sold on July 1 for 160,000 euros cash. The branch transferred 10,000 euros to the parent on October 1 and recorded depreciation on the warehouse of 10,000 euros for the year. Currency exchange rates for 1 euro follow:
January 1 . . . . . . . . . . $1.14 = 1 euro
May 1 . . . . . . . . . . . . . 1.18 = 1
July 1 . . . . . . . . . . .. . . 1.20 = 1
October 1 . . . . . . . . . . 1.18 = 1
December 31 . . . . . . . 1.08 = 1
Average for the year. . 1.16 = 1
What is the remeasurement gain or loss to be recognized in the consolidated income statement? Choose the correct.
a. $100 gain.
b. $200 gain.
c. $100 loss.
d. $200 loss.
Answers
Answer: Remeasurement loss of $21,970
Explanation:
The figures will have to be converted from Euros to US$ for the calculation.
The relevant exchange rate will be the rate on the date of the transaction.
Amount Exchange rate $Amount
Opening cash 528,000 1.14 601,920
Increase in Cash assets:
Sale of inventory 160,000 1.20 192,000
688,000 793,920
Decrease in cash assets:
Acquisition of warehouse 300,000 1.14 (342,000)
Purchase of inventory 100,000 1.18 (118,000)
Transfer to parent 10,000 1.18 (11,800)
Ending net cash assets 278,000 322,120
Remeasurement gain(loss) at 31 December = Ending net cash assets at current rate - Ending net cash assets
= (278,000 * 1.08) - 322,120
= 300,240 - 322,120
= ($21,970)
Options are not for this question.
Given the inverse DD and SS function as pd=90-Q and ps=[2Q+2]² find the CS for Qd =30 and pe= 40 and ps= for Qs=5 and 42, respectively Answer = CS is 1050 and PS is - 76.7
Answers
CS is 1050, representing the area between the demand curve and the price line. PS is -508322, indicating the producer's inability to cover costs.
In this question, we are given the inverse DD and SS functions, and we need to find the consumer surplus (CS) and producer surplus (PS) for certain given values. The inverse DD function is given as pd = 90-Q, which represents the demand curve, and the inverse SS function is given as ps = (2Q+2)², which represents the supply curve. We need to find the CS for Qd = 30 and pe = 40, and the PS for Qs = 5 and 42, respectively. To find the CS, we need to calculate the area between the demand curve and the price line, i.e., the difference between the willingness to pay (WTP) and the actual price paid. Here, the WTP is given by the demand function, which is pd = 90-Q. At Qd = 30, the WTP is pd = 90-30 = 60. The actual price paid is pe = 40. Therefore, the CS = WTP - price paid = 60 - 40 = 20. However, this is the value of the individual CS. To find the total CS, we need to integrate the CS over the entire demand curve, which gives us CS = ∫(90-Q-40)dQ = ∫50-QdQ = 50Q - (Q²/2) |\(_0^{30}\) = 1050.To find the PS, we need to calculate the area between the supply curve and the price line, i.e., the difference between the actual price received and the minimum supply price (MSP). The MSP is given by the supply function, which is ps = (2Q+2)². For Qs = 5, the MSP is ps = (2(5)+2)² = 98. For Qs = 42, the MSP is ps = (2(42)+2)² = 7396. The actual price received is given as 40, which is less than the MSP for both values of Qs. Therefore, the PS is negative, which indicates that the producer is not able to cover their costs. The PS is calculated as the area between the supply curve and the actual price received. Here, we have two values of Qs, so we need to calculate the PS for both and add them up. For Qs = 5, the PS = (40-98)(5) = -290. For Qs = 42, the PS = (40-7396)(42-5) = -508032. Therefore, the total PS = -290 - 508032 = -508322. Thus, the CS is 1050 and the PS is - 508322.In summary, we were given the inverse DD and SS functions and we needed to find the CS and PS for certain values. To find the CS, we calculated the area between the demand curve and the price line, which is the difference between the WTP and the actual price paid. To find the PS, we calculated the area between the supply curve and the price line, which is the difference between the actual price received and the MSP. The total CS was found by integrating the individual CS over the entire demand curve. The total PS was found by adding the PS for both values of Qs. The CS was found to be 1050 and the PS was found to be -508322.For more questions on demand curve
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Thirty-year-old Henry tells his wife that he has 51,000,000 saved already. She tells him they should go on a big vacation soon. Henry tells
her. "No. The $1,000,000 is in my 401k account." What is Henry MOST likely saving this $1,000,000 for?
А. to pay his current mortgage
B. to purchase bonds
C. to use during retirement
D. to pay for his education
Answers
Because the funds is in his 401k account, he is most likely saving the $1,000,000 therein for retirement purpose.
What is 401k account?A 401k account is an account related to retirement plan where an employees and employers can contribute income for retirement purpose.
Hence,he is most likely saving the $1,000,000 therein for retirement purpose.
Therefore, the Option C is correct.
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What resources are required to have a successful business?
Answers
Answer:
work nice be success in your life I don't know answer
Answer:
Labour - Finances - Time...
Explanation:
That is a very good question.
To start off, it is useful to understand what are resources.
Resources are assets that are required for you to function. (e.g. money)
In a business there are many resources that you need to function.
Think off owning a bookshop. Ask yourself, what do I need?
I need money, I need a place to display my books, I need books, I need people... These are resources you need to be successful.
Now, going back to my above answer: Labour, finances and time. These are a few resources you need to succeed. You need labour - people - to set up the business, manage the business, serve customers...
You need finances to set up the legalities of starting up a business. You need finances to buy materials, machinery (if it is a production business), stocks...
You need the time to do all of these things.
Lastly, I have purposefully, gave three resources for the answer. For sure there are more, though I want to keep the options you for open to add
as you see necessary. With no doubt the answer is incomplete, but I want to provoke you to right have your answer.
I hope the answer is clear.
Billy has received a mediocre evaluation for the second year in a row. He knows that he has made improvements, but his supervisor just does not seem to notice or in Billy’s opinion, care. Billy likes his job and wants to keep it. He listens to what his supervisor says and then his supervisor asks Billy to prepare a written response. Before Billy leaves the room to prepare the response, how should he respond to his supervisor?
Answers
Answer:
He could take deep breaths and then respond nonjudgmentally
Explanation:
From the question, we are informed about Billy who has received a mediocre evaluation for the second year in a row. He knows that he has made improvements, but his supervisor just does not seem to notice or in Billy’s opinion, care. Billy likes his job and wants to keep it. He listens to what his supervisor says and then his supervisor asks Billy to prepare a written response. Before Billy leaves the room to prepare the response, In this case should he respond to his supervisor by taking deep breaths and then respond non-judgmentally when addressing is supervisor.
QUESTION 10 of 10: You have been promoted to buyer for a mall-based fashion retailer. With your promotion, you will earn an additional
$4,000 per year. If you previously earned $58,000, what is the percentage increase in your salary?
Answers
6.9% or 14.5%
Explanation:
I did the math
I belive 6.9% is the correct answer tho
Beckett Rice submitted a new Form W-4 for 2022 as presented below. If Beckett is paid gross wages of $3,000 for the semimonthly period, determine Beckett’s income tax withholding using the percentage method and the wage bracket method.
Answers
For the semimonthly period, Beckett Rice's federal income tax withholding is zero according to the wage bracket approach.
What justifies the response given above?We can determine Beckett Rice's income tax withholding using the data given using both the percentage technique and the pay bracket method:
Using a percentage-
Step 1: Multiply the semimonthly salaries by the quantity of pay periods in a year to arrive at the annual wages.
Annual salaries are $3,000 multiplied by 24 to equal $72,000.
Step 2: To determine the taxable income, deduct the annual withholding allowances from the annual pay.
$72,000 - ($4,000 x 2) = $64,000 is the taxable income.
Step 3: Calculate the annual federal income tax withholding using the IRS tax tables. The annual federal income tax withholding for a married taxpayer filing jointly with $64,000 in taxable income is $8,392.
Step 4: To calculate the semimonthly federal income tax withholding, divide the yearly federal income tax withholding by the number of pay periods in a year.
federal income tax withheld on a bimonthly basis = $8,392 / 24 = $349.67
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What is your diagnosis of the situation at FAVI?
Answers
Answer:
Explanation:
FAvI is a small automotive parts manufacturer in Hallencourt, France. In addition to other products, it is the European leader in the production of key components for gearboxes (manual transmissions) in such cars as Renault, Peugeot, Citroen, Fiat, Opel, Audi, volvo, and volkswagen. Employing about 400 people, this société anonyme
Josh Alcazar, CFO of 888 Corp is analyzing two investments Investment A and Investment B. Fast
year, the investment & had a market value of $130,000, and Investment 8 of $180,000. During the
year investment A generated actual income of $6,000 and Investment 8 of $8,500. Today, the actuall
market values for the investments are, respectively, for A, $130,000 and for B, $182,000.
A. Calculate the expected rate of return on investments A and B for the year. (6 pts.)
Answers
The rate of return on Investment A is 4.6153% and the rate of return on Investment B is 5.8333%.
How to calculate the rate of return?Today actual market value of Investment A 130,000
Today actual market value of Investment B 182,000
Formula to calculate the expected rate of return on investment is:
Rate of Return in % = [((Current Value - Initial Value) + Actual return) / Initial Value] × 100
Rate of Return Investment A =
[((130,000-130,000)+6,000)/130,000]×100
= 4.6153%
Rate of Return Investment B =
Rate of Return in % = [((Current Value - Initial Value) + Actual return) / Initial Value] × 100
[(182,000-180,000)+8500)/180,000]×100
= 5.8333%
Return on Investment B is 5.8333%.
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Esmeralda promises to pay fiorello $400 because ""he does not have as much money as other people. "" esmeralda’s promise is not enforceable because:.
Answers
Esmeralda promises to pay Fiorello $400 because ""he does not have as much money as other people. "" Esmeralda's promise is not enforceable because: Fiorello has not given consideration in return.
INTERPRETATION-
Consideration is mutual i.e. both parties get something in the return for the performance of the contract. However, Esmeralda has not given consideration in exchange.
Esmeralda was given the chance to audition for the Performing Arts High School which she succeeded in. She then moved to New York and attended School, studying drama and dance.
Esmeralda Santiago wrote her autobiography "When I Was Puerto Rican" which narrates her and her family's life moving from Puerto Rico to America. The book also follows the Puerto Rican girl through the many obstacles that she had to endure and overcome to change her life.
Therefore, we can conclude that the correct option is A.
Your question is incomplete, but most probably your full question was:
Esmeralda promises to pay Fiorello $400 because “he does not have as much money as other people.” Esmeralda’s promise is not enforceable because
A. Fiorello has not given consideration in return.
B. Esmeralda could have paid more.
C. the redistribution of wealth on a one-to-one basis is not a valid social goal.
D. society does not want gifts cheapened by making them legally enforceable.
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Jones Company uses a job-order costing system with a predetermined overhead rate of 120% of direct labor cost. The job cost sheet for Job #420 showed that Jones Company spent $4,000 on direct materials and $5,000 on direct labor on the job. What is the total cost of Job #420? Smith, Inc. uses a job-order costing system with the predetermined overhead rate of $12 per machine-hour. The job cost sheet for Job #42A listed $12,000 in direct labor cost, $18,000 in direct materials cost, 1,200 direct labor-hours and 1,100 machine-hours. The total cost of Job #42A is $ (Enter your answer as a whole number.)
Answers
We may determine the overall cost of the work to be $15,000 based on the various charges involved.
How is the overhead rate determined?The amount your company is spending on producing goods or rendering client services is known as the factory overhead, often known as the overhead percentage. Divide these variable costs by the direct costs, then increase the result by 100 to get the overhead rate.
What is an illustration of an overheads rate?Overhead expenditures include things like rent, power, business permits, accounting fees, marketing costs, and payroll. While direct costs are directly related to the product or service you provide, such which are for raw ingredients or packaging supplies, these prices are often stable and predictable.
Direct labor x 120%
$6,000
Total cost of Job #420
= Direct labor + direct supplies + overhead
= 5,000 + 4,000 + 6,000
= $15,000
In conclusion, the total cost is $15,000.
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