You are given the following information about a consumer’s choices of product X and product Y: the price of X is 2 PLN, the price of Y is o, the consumer has I=100 PLN to spend and the consumer’s utility function is given by U(x,y) = 2*x^(2/3) + y^(2/3).
a. Derive an expression for the consumers demand for X and Y in terms of px, py and I and calculate the consumer’s optimal bundle at the current prices and income.
b. Now the price of a X drops to $1. By how much does the demand for X change?
c. Under the new prices, what level of income would allow the consumer to buy his old optimal bundle?
d. Calculate the change in demand for xylophones due to the income effect and the change in demand for xylophones due to the substitution effect.
Answers
The level of income that would allow the consumer to buy his old optimal bundle is 100 PLN. d)
Let, P x = price of X; P y = price of Y; x = units of good X; y= units of good Y;U(x, y) = 2*x^(2/3) + y^(2/3);ΔI = Change in income level;ΔPx = Change in price of good X. At new price Px' = $1 and income level I' = 100 PLN. The total effect of the change in price can be divided into two parts. Substitution effect: The substitution effect is the effect on the quantity demanded of good X due to the change in the relative price of the good X to good Y.ΔxS = (dx/d P x)S*ΔPx; where (dx/dPx)S is the substitution effect. The quantity demanded of good X increases as its price decreases, i.e., (dx/d P x)S > 0.Income effect: The income effect is the effect on the quantity demanded of good X due to the change in the consumer's purchasing power.ΔxI = (dx/dI)I*ΔI/Px; where (dx/dI)I is the income effect. The quantity demanded of good X increases as the income increases, i.e., (dx/dI)I > 0.The total effect is the sum of substitution and income effects i.e., Δx = ΔxS + ΔxI.
To know more about consumer's visit:-
https://brainly.com/question/32679665
#SPJ11
Related Questions
An expenditure for which of the following items would be considered a revenue expenditure? a. Plant asset. b. Ordinary repair. c. Addition. d. Improvements.
Answers
Ordinary repair is considered as a revenue expenditure.
Hence, Option B is correct
Short-term expenses are those consumed in the current time or often within a year. Revenue expenditures are essentially the same as operating expenses in that they cover the charges necessary to cover continuing firm operating expenses (OPEX). The term "revenue expenditure" refers to costs that a firm incurs during routine business operations and from which it will profit in the same period. Examples include rent, utilities, salaries, commissions, insurance, and manufacturing costs. The cost incurred everyday to operate your business is known as a revenue expenditure. It covers the expenses incurred for current repairs, maintenance, and other activities necessary to ensure the optimal performance of a fixed asset.To know more about revenue here
https://brainly.com/question/16232387
#SPJ4
Taking an assessment that has a long history of use is well respected and referenced by other credible sites helps ensure that you are taking a quality assessment.True or false
Answers
The given statement is true.
An assessment refers to the use of empirical data on the skills, and knowledge of the students in order to improve their learning.Assessment has to do with the design, selection, and interpretation of information to aid the development of students. It should be noted that when one takes an assessment from credible sites, this helps to ensure that the person is taking a quality assessment.In conclusion, the correct option is True.
Read related link on:
https://brainly.com/question/23960951
What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Answers
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
For more about Marginal revenue refer to the link:https://brainly.com/question/12231343
The Allen Export Company ships sugar to many overseas ports. Over the years the company has stacked large bags of sugar onto pallets for shipping. Because of a lumber shortage, pallets for export have become very difficult to obtain. The management of Allen Export has presented the dock manager with the challenge of reducing the number of wooden pallets used and/or to find a new way to supplement or change their stevedoring system.
Answers
Answer:
Throughout the given scenario following are the points, should be achieved to reduce the pallet crisis.
Explanation:
The export business faces the above-mentioned issue of that same lack of wooden pallets towards distribution.
The tightly packed sugar bags might be utilized easily, allowing for easy release of pallets and therefore also available for several other reasons or uses.Rather than just being placed throughout pallets the enterprise should contain sugar bags in what seems like different warehouses.11. ambiguities in the meaning and measurement of the money supply if there is a in the growth rate of the money supply, the direction of monetary policy is most likely to be restrictive. which of the following changes would likely lead to an increase in the m1 money supply in the united states? check all that apply. the fed sells financial assets to americans. the u.s. dollar has become more popular among developing countries, and citizens in those countries increasingly use the dollar in their daily transactions. the fed decreases the interest rate paid to banks on their reserve deposits with the fed.
Answers
Money supply would increase when U.S. dollar becoming more popular among developing countries and being increasingly used in daily transactions. The Fed decreases the interest rate paid to banks on their reserve deposits with the Fed.
To identify which of the given scenarios would likely lead to an increase in the M1 money supply in the United States.
1. The Fed sells financial assets to Americans: This action would decrease the M1 money supply because when the Fed sells financial assets, it takes money out of circulation as people exchange cash for these assets.
2. The U.S. dollar becomes more popular among developing countries and is increasingly used in daily transactions: This scenario would increase the M1 money supply because as demand for the dollar increases, the circulation of dollars in the economy increases as well.
3. The Fed decreases the interest rate paid to banks on their reserve deposits:
This action would increase the M1 money supply because when the Fed decreases the interest rate, banks have less incentive to hold onto their reserves and are more likely to lend out their money, increasing the amount of money circulating in the economy.
In conclusion, the scenarios that would likely lead to an increase in the M1 money supply in the United States are:
- The U.S. dollar becoming more popular among developing countries and being increasingly used in daily transactions.
- The Fed decreasing the interest rate paid to banks on their reserve deposits with the Fed.
For more such questions on Money supply , click on:
https://brainly.com/question/12654446
#SPJ11
Which of the following influences the price elasticity of demand?
1. percentage of a consumer's budget
2. amount of time available to adjust to price changes
3. number and availability of substitutes
4. all of the above
-
thank you!!
Answers
Explanation:
1. percentage of a consumer's budget
The given factor that determines the price elasticity of demand is 3. number and availability of substitutes.
What determines price elasticity of demand?The price elasticity of demand refers to how much demand can change as a result of a change in price.
If a good has several available substitutes, it would have a higher price elasticity of demand because people who switch to other products if prices rise.
Find out more on price elasticity of demand at https://brainly.com/question/5078326.
#SPJ2
Which of the following is not a property of all linear programming problems?
A) the presence of restrictions
B) optimization of some objective
C) a computer program
D) alternate courses of action to choose from
E) usage of only linear equations and inequalities
Answers
Linear programming is a mathematical technique that is used to find the optimal solution to problems that involve linear relationships and constraints. Linear programming problems involve the optimization of some objective function subject to a set of constraints. The answer is c.
The objective function is a linear function of the decision variables, and the constraints are linear equations or inequalities that restrict the values that the decision variables can take. However, not all linear programming problems share the same properties. One of the given options, C) a computer program, is not a property of all linear programming problems. While computer programs can be used to solve linear programming problems, they are not a necessary property of all such problems.
The presence of restrictions (option A) and the optimization of some objective (option B) are both essential properties of linear programming problems. Linear programming problems must have constraints that restrict the values that the decision variables can take, and an objective function that is optimized subject to those constraints.
Option D) alternate courses of action to choose from is not necessarily a property of all linear programming problems. While some linear programming problems may involve multiple decision variables that represent different courses of action, others may only have a single decision variable.
Option E) usage of only linear equations and inequalities is a necessary property of all linear programming problems. Linear programming problems must involve linear relationships and constraints that can be expressed as linear equations or inequalities.
To know more about Linear Programming Problems visit:
https://brainly.com/question/29405467
#SPJ11
20 points!
Which phrase best completes the table?
Monopoly
Benefits- has lower production costs
?
Drawbacks- allows for little competition between businesses
May lead to price fixing
A. Promotes innovation and entrepreneurship
B. Is less likely to be regulated by the government
C. Has more money for research and development
D. Makes a greater variety of products available to consumers
Answers
Monopoly has more money for research and development is the phase that best completes the table.
What is a monopoly?A monopoly is when one business holds a dominant position within an industry or a sector to the exclusion of all other serious competitors.
Monopolies are frequently discouraged in countries with free markets. They are viewed as causing price gouging and declining quality because consumers have few other options. They can also concentrate money, authority, and influence in the hands of a single person or a small group of people.
On the other hand, governments may support and even impose monopolies for some basic services like utilities.
The lack of competition that characterizes a monopoly can result in high costs for consumers, subpar goods and services, and dishonest corporate practices.
A business that controls a certain market or industry may take advantage of that status at the expense of its clients. It has the ability to control prices, fudge supply and demand, and produce fake scarcities. It may make it difficult for new competitors to enter the market and prevent experimentation or the creation of novel products. The consumer is at its mercy because they have no other option but to choose a competitor.
Markets that have been monopolized frequently turn unjust, uneven, and ineffective.
Because they either control the majority of the market for their product or are the only provider of it, monopolies often have an unfair advantage over their rivals. Monopolies may vary from one business to another, although they frequently have the following traits in common:
High entry barriers because a single company controls the market, competitors cannot enter it.There is only one seller in the market at this time.Price maker- The business with the monopoly can set the price for its goods without worrying that a rival will undercut it. Prices may be raised at will by a monopoly.A monopoly may purchase enormous quantities of the raw materials it requires at a volume discount thanks to economies of scale. Then, it can reduce its costs so drastically that smaller rivals won't be able to compete.
To learn more about monopoly, click here
https://brainly.com/question/13939056
#SPJ2
What would happen if you had $30 in your checking account and you tried to take out $45 at the grocery store using your debit card?
Answers
Answer:
I believe that the transaction would fail giving you some text similer to "Transaction failed, please try again." or "Insufficient funds."
Begin by preparing the performance report through the contribution margin line. Next, complete the report through the segment marginine, and then, finally complete the report through the operating income line. (Enter the variances as positive numbers. Round the variance percentages to the nearest hundredth percent, X30%) Performance Report Clifford - Pharmaceutical Segment For Fiscal Year Ending December 31 Actu Bugeted Variance Variance Sales Less Variable Expenses Variable Cost of Goods Sold Variable Operating Expenses Contribution Margin Less Direct Fired Expenses Fixed Manufacturing Overhead Foxed Operating Expenses Segment Marin Choose from any list or enter any number in the input fields and then continue to the next question Prepare a segment margin performance report for the pharmaceutical segment. Calculate a variance and a variance percentage for each line in the report. Round to the nearest hundredth for the variance percentages (for example, if your answer is 16.2384%, round it to 16.24%). Data Table ne pperating income line. (Enter the Sales Variable Cost of Goods Sold. Variable Operating Expenses .. Direct Fixed Manufacturing Overhead Direct Fixed Operating Expenses Common Fixed Expenses. $ 1,263,600 $ 283,500 $ 165,600 $ 92,020 16,320 25,750 $ $ Data Table - Х 9,000 130 30 Budgeted sales in units Budgeted average selling price per unit Variable Cost of Goods Sold per unit Variable Operating Expenses per unit Direct Fixed Manufacturing Overhead (in total) Direct Fixed Operating Expenses (in total) Common Fixed Expenses Allocated to the Pharmaceutical Segment 20 86,000 16,000 $ 25,000
Answers
To prepare the segment margin performance report for the pharmaceutical segment, you need to calculate the variances and variance percentages for each line in the report. Here are the steps to do that:
1. Sales Variance:
- Actual Sales - Budgeted Sales = Sales Variance
- Divide the Sales Variance by the Budgeted Sales and multiply by 100 to get the Sales Variance Percentage.
2. Variable Cost of Goods Sold Variance:
- Actual Variable Cost of Goods Sold - Budgeted Variable Cost of Goods Sold = Variable Cost of Goods Sold Variance
- Divide the Variable Cost of Goods Sold Variance by the Budgeted Variable Cost of Goods Sold and multiply by 100 to get the Variable Cost of Goods Sold Variance Percentage.
3. Variable Operating Expenses Variance:
- Actual Variable Operating Expenses - Budgeted Variable Operating Expenses = Variable Operating Expenses Variance
- Divide the Variable Operating Expenses Variance by the Budgeted Variable Operating Expenses and multiply by 100 to get the Variable Operating Expenses Variance Percentage.
4. Contribution Margin Variance:
- Contribution Margin - Budgeted Contribution Margin = Contribution Margin Variance
- Divide the Contribution Margin Variance by the Budgeted Contribution Margin and multiply by 100 to get the Contribution Margin Variance Percentage.
5. Direct Fixed Manufacturing Overhead Variance:
- Actual Direct Fixed Manufacturing Overhead - Budgeted Direct Fixed Manufacturing Overhead = Direct Fixed Manufacturing Overhead Variance
- Divide the Direct Fixed Manufacturing Overhead Variance by the Budgeted Direct Fixed Manufacturing Overhead and multiply by 100 to get the Direct Fixed Manufacturing Overhead Variance Percentage.
To know more about performance visit:
https://brainly.com/question/33454156
#SPJ11
primary demand is defined as group of answer choices demand for a particular brand. stimulating demand for any products. demand for a product category. consumer awareness of a product category. demand for a new produ
Answers
Primary demand is the demand for a product category, driven by consumer awareness. It encompasses the total demand for all brands within the category and can be stimulated by marketing activities and new product introductions.
Primary demand is defined as the demand for a product category. It is also referred to as general demand. This type of demand is driven by consumer awareness of a product category rather than demand for a particular brand. Primary demand is the total demand for all brands within a product category. This demand can be stimulated by various marketing activities, such as advertising, promotion, and pricing strategies.
When consumers become aware of a product category and its benefits, they are more likely to demand products within that category. This can lead to increased sales for all brands within the category, as consumers are more likely to consider multiple brands and products within the category rather than just one specific brand or product. Primary demand can also be influenced by new product introductions, as they can create excitement and interest in a product category.
The introduction of a new product can stimulate demand for the entire category, as consumers become aware of the category and its benefits.
Learn more about consumer awareness here:
https://brainly.com/question/32409717
#SPJ11
When banks have less money in required reserves they lend more money out to people and business. So Lower reserves usually help do what to the economy?
Answers
Answer:
Lower reserves increase the money supply in the economy.
Banks can either keep deposits in reserves or give them out as loans.
the lower the reserve ratio, the higher the money multiplier and the higher the money supply.
Lowering the reserves can be a form of expansionary monetary policy
Explanation:
Fractional banking is a banking system where a portion of customer's deposits is kept as reserves while remaining portion is lent out. The amount kept as reserves is determined by the required reserve ratio set by the Central bank.
If the required reserve ratio is 10% and $100 is deposited, reserves would be $10 and $90 would be lent out
Increase in the total value of checkable deposit is determined by the money multiplier
Money multiplier = 1 / reserve requirement
Increase in value of total deposit = amount deposited / reserve requirement
Assume 100 is deposited in a bank and the reserve requirement is 10%
Increase in value of total deposit = 100 / 0.1 = 1000
Imagine that the reserve is reduced to 5%
Increase in value of total deposit = 100 / 0.05 = 2000
reducing the reserve requirement increased the value of total deposit and thus the money supply in the economy
Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
Answers
They earn the most money since skills also follow the law of supply and demand, so consumers are willing to pay more due to low supply
which of the following cause a deferred tax liability to occur? (select all that apply.) multiple select question. revenue being reported on the tax return after the income statement. expense being reported on the tax return before the income statement. expense being reported on the tax return after the income statement. revenue being reported on the tax return before the income statement.
Answers
An amount that is deducted on the tax return but not included as an expense on the income statement. Revenue included on the income statement but not on the tax return.
What is tax?Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs.
A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer by a governmental organization to fund government spending and various public expenditures.
In 3000–2800 BC, the first recorded taxation was enacted in ancient Egypt. A violation of the law includes failing to pay on time and evading or resisting taxation.
Taxes can be paid in cash or in the work equivalent and can be either direct or indirect.
Learn more about tax, here
https://brainly.com/question/16423331
#SPJ1
Under what circumstance would a country have a comparative advantage in
the production of a certain good?
A. It has a lower opportunity cost for production of that good.
B. It has a more highly skilled work force.
C. It has well-developed industrial capacities.
D. It uses an assembly line to produce that good.
Ap3x
Answers
Answer: [A] It has a lower opportunity cost for production of that good.
Explanation: It has a lower opportunity cost for production of that good. Comparative advantage comes when a country gives up less than others to engage in a particular type of production.
Answer:
It has a lower opportunity cost for production of that good.
Explanation:
At the beginning of every shift, Cody records the amount of pizza sauce in inventory. At the end of every shift, he records the number of pizzas made and the amount of pizza sauce left in inventory. Why would he do this?A) So he can determine if employees are taking sauce home.B) So he can compare the quantity used with the budgeted amount.C) So he will know how much pizza sauce to order.D) So he will know how many customers visited his pizza parlor during his shift.
Answers
Answer:
B) So he can compare the quantity used with the budgeted amount
Explanation:
For a business to keep making profit it needs to ensure that the amount of materials it is using in its production process is within a defined limit. So it sets up a budget to guide the amount of raw materials to be used.
In this scenario Cody records the amount of pizza sauce in inventory. At the end of every shift, he records the number of pizzas made and the amount of pizza sauce left in inventory.
This is done to compare quantity of raw materials used to the given budget of the business.
This check will make sure that the business stays profitable.
An art director is an example of
A. a blue collar job
B. a white collar job
C. a production job
D. a market research job
pls i need help whoever can answer correctly will get 30 points
Answers
Answer:
A i guesssssss........
michelle works in retail and cant decide what products to include in the stores front window display what is the first step she should take to solve this problem
Answers
Michelle works in retail and can't decide what products to include in the store's front window display. What is the first step she should take to solve this problem?
A. List the options.
B. Evaluate the decision/choice.
C. State the problem.
D. Determine the pros and cons.
Answer:
C. State the problem.
Explanation:
To start with, Michelle must remember why he wants to put the product on the front window display. Next, he has to remember what he gains from displaying the products which are to advertise to potential customers.By stating this problem, Michelle now knows what products to include in the front window display because he can now sort the products that are likely to attract customers and display them.what is the approximate present value of receiving $5,000 per year for 10 years if the first receipt is 7 years from today and interest is discounted at 5% annually?
Answers
The approximate present value of receiving $5,000 per year for 10 years, with the first receipt 7 years from today and interest discounted at 5% annually, is $33,585.
Calculate the present value of each of the 10 annual payments using the formula for present value of an annuity.
PV = C × [(1 - (1 + r)^-n) / r]
where PV is the present value, C is the annual payment, r is the discount rate, and n is the number of periods.
In this case, C = $5,000, r = 5%, and n = 10.
Using the formula, the present value of each annual payment is:
PV = $5,000 × [(1 - (1 + 0.05)^-10) / 0.05] = $35,487.67
Calculate the present value of the annuity starting in year 7 by discounting each of the 10 annual payments to its present value at year 7.
To discount each annual payment to its present value at year 7, we need to use the formula for present value of a single amount:
PV = FV / (1 + r)^n
where FV is the future value, r is the discount rate, and n is the number of periods.
In this case, n is the number of years from the year of the payment to year 7.
The present value of each annual payment at year 7 is:
PV = $35,487.67 / (1 + 0.05)^7 = $22,281.73
Calculate the total present value by summing the present values of all 10 annual payments.
Since there are 10 annual payments, the total present value is:
Total PV = $22,281.73 × 10 = $222,817.33
However, this value is in year 7 dollars, so we need to convert it to present value in today's dollars by discounting it by 5% for 7 years using the same formula for present value of a single amount.
The present value in today's dollars is:
Present Value = $222,817.33 / (1 + 0.05)^7 = $33,585.08
Therefore, the approximate present value of receiving $5,000 per year for 10 years, with the first receipt 7 years from today and interest discounted at 5% annually, is $33,585.
For more questions like Payment click the link below:
https://brainly.com/question/15136793
#SPJ11
Match each law with its correct description.
Answers
Answer:
Not too sure but I think it goes 1.Fair credit billing act 2.Credit CARD act 3.Uniform commercial code 4.Truth in lending act.
Match the law terms and definition:
Truth in Lending Act - requires lenders to establish standardized disclosures regarding terms and how they calculate fees.
Through the meaningful disclosure of loan conditions, which enables customers to evaluate standardized credit terms more easily and intelligently, the Truth in Lending Act (TILA) aims to safeguard consumer protection and promote competition among financial institutions.
Match the law terms and definition:
Truth in Lending Act - requires lenders to establish standardized disclosures regarding terms and how they calculate fees.Fair Credit Billing Act: allows consumers to exercise their rights regarding disputes and billing errors.Uniform Commercial Code: a set of laws that govern US commercial transactions.Credit CARD Act: prohibits unfair and abusive credit practices and ensures the transparency of fees.As a result, the significance of the law terms and definition are the aforementioned.
Learn more about on Truth in Lending Act, here:
https://brainly.com/question/30386250
#SPJ5
an audit client has very few investment transactions but each one is relatively material. which audit strategy is most likely to be adopted?
Answers
When an audit client has very few investment transactions but each one is relatively material, the audit strategy that is most likely to be adopted is the substantive audit approach.
The substantive audit approach is an audit method that is concerned with the substantive or monetary aspect of transactions. This type of audit approach entails a more thorough examination of each transaction since there are only a few investment transactions that have been executed, as each transaction is material.
Therefore, when the client has few investments that are large, it is likely that the audit will focus more on testing the accuracy of those few investments to ensure they are accurate and material. The most suitable audit procedure to perform on investment transactions that are large and material is the substantive audit approach. This strategy entails a more in-depth examination of transactions that are financial in nature.
You can learn more about audit strategy at
https://brainly.com/question/20713734
#SPJ11
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
learn more about managers here
https://brainly.com/question/32150882
#SPJ11
why are improvement required in traditional technology? give two reason.
Answers
Answer:
Technology can be used to improve teaching and learning and help our students be successful. Instead of the teacher being the only source of help in a classroom, students can access web sites, online tutorials, and more to assist them
Explanation:
The improvement required in traditional technology is to bring it up to date. The reason behind improving or updating anything is to give it the latest version so that it will be as useful as it was earlier.
Another reason is to make it available for the usage of current consumers.
What is traditional technology?Traditional technology refers to technology that uses late designs in the process. They were designed according to that time, when they were demanded for use.
Therefore, with the change in time, it is also required to improve traditional technology.
Learn more about traditional technology from here:
https://brainly.com/question/24407009
#SPJ2
The operations vice president of security home bank has been interested in investigating the efficiency of the bank’s operations. She has been particularly concerned about the costs of handling routine transactions at the bank and would like to compare these costs at the bank’s various branches. If the branches with the most efficient operations can be identified, their methods can be studied and then replicated elsewhere. While the bank maintains meticulous records of wages and other costs, there has been no attempt thus far to show how those costs are related to the various services provided by the bank. The operations vice president has asked your help in conducting an activity-based costing study of bank operations. In particular, she would like to know the cost of opening an account, the cost of processing deposits and withdrawals, and the cost of processing other customer transactions.
Answers
The costing study of bank operation goes thus:
Opening accounts:Distribution of Resource Amount Percentage Amount
Teller wages $160,000 x 5% = $8,000
Asst. branch manager salary $75,000 x 15% = $11,250
Branch manager salary $80,000 x 5% = $4,000
Total $23,250
Activity rate of opening accounts = Total cost of opening accounts / new accounts opened
Activity rate = $23,250 / 500 = $46.50 per new account
Processing deposits and withdrawals:Distribution of Resource Amount Percentage Amount
Teller wages $160,000 x 65% = $104,000
Asst. branch manager salary $75,000 x 5% = $3,750
Branch manager salary $80,000 x 0% = $0
Total $107,750
Activity rate of opening accounts = Total cost of processing deposits and withdrawals / deposits and withdrawals processed
Activity rate = $107,750 / 100,000 = $1.08 per deposit and withdrawal processed
Processing other customer transactions:Distribution of Resource Amount Percentage Amount
Teller wages $160,000 x 20% = $32,000
Asst. branch manager salary $75,000 x 30% = $22,500
Branch manager salary $80,000 x 10% = $8,000
Total $62,500
Activity rate of opening accounts = Total cost of processing other customer transactions / other customer transactions processed
Activity rate = $62,500 / 5,000 = $12.50 per other customer transactions processed
learn more about costing of bank operation from here: https://brainly.com/question/988393
Karsten runs a forklift at work. She also uses hand tools to perform her tasks. Sometimes Karsten has to talk to customers about products and services they have ordered. She always documents any important information that may affect her job duties. Which careers could she most likely have?
Health, Safety, and Environmental Management and Logistics Planning and Management Services
Transportation Operations and Sales and Service
Facility and Mobile Equipment Maintenance and Warehousing and Distribution Center Operations
Sales and Service and Facility and Mobile Equipment Maintenance
Answers
Answer:
Facility and Mobile Equipment Maintenance and Warehousing and Distribution Center Operations.
Explanation:
Analyzing Karsten's roles in her current job, it is possible to identify that she could probably have careers in maintaining mobile facilities and equipment and storage and distribution center operations.
Karsten demonstrates that she is a responsible employee in her role by documenting important information that may affect her professional obligations, which gives her the ability to handle responsibilities for storage operations and distribution centers, tasks that require organization, as well as communication with customers about the products and services ordered, which is also essential for an organization’s distribution sector. From the information in the text it is also possible to identify aptitude for maintenance of mobile facilities and equipment, since she drives a forklift at work and sometimes uses hand tools to perform her tasks.
Answer:
Analyzing Karsten's roles in her current job, it is possible to identify that she could probably have careers in maintaining mobile facilities and equipment and storage and distribution center operations.
Explanation:
Analyzing Karsten's roles in her current job, it is possible to identify that she could probably have careers in maintaining mobile facilities and equipment and storage and distribution center operations.
Karsten demonstrates that she is a responsible employee in her role by documenting important information that may affect her professional obligations, which gives her the ability to handle responsibilities for storage operations and distribution centers, tasks that require organization, as well as communication with customers about the products and services ordered, which is also essential for an organization’s distribution sector. From the information in the text it is also possible to identify aptitude for maintenance of mobile facilities and equipment, since she drives a forklift at work and sometimes uses hand tools to perform her tasks.
An innovative business idea that no one has never had
Answers
An innovative business idea that no one has never had is Offering virtual assistance to other businesses.
What is innovative business idea ?innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.
It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.
Read more about business at:
https://brainly.com/question/26106218
#SPJ1
Complete question:
State An innovative business idea that no one has never had
Emma is trying to decide whether to buy a new laptop. As a student, she has a budget and wants to make sure this is the right financial decision. Which question should she ask herself in determining the opportunity cost of this purchase?
What will I have to sacrifice if I buy this laptop?
Can I use credit to buy this laptop?
Do I need this laptop for my studies?
Is there a less costly alternative to buying this laptop?
Answers
Emma is trying to decide whether to buy a new laptop. As a student, she has a budget and wants to make sure this is the right financial decision. The question should she ask herself in determining the opportunity cost of this purchase
What will I have to sacrifice if I buy this laptop?
When making a decision to buy a new laptop, it is important to consider the opportunity cost of that purchase. Opportunity cost refers to the potential benefits that will be foregone by choosing one option over another. In other words, what are the other options available to Emma, and what benefits would she miss out on if she chooses to buy a new laptop?
One question Emma should ask herself in determining the opportunity cost of this purchase is, "What will I have to sacrifice if I buy this laptop?"
This question can help her consider the trade-offs of spending her budget on a new laptop instead of using it for other purposes, such as paying for tuition or saving for a future expense.
By answering this question, she can better assess the value of buying a new laptop in the context of her overall financial goals and priorities.
For more questions on financial
https://brainly.com/question/989344
#SPJ11
A friend of yours has E-mailed their English paper to you so that you can proofread it. Explain the tools you would use to add your comments, and describe why this would be beneficial to your friend.
Answers
Answer:
you would have to use evidence from a different resource/source and let them know what resources you have used to answer the question from the english paper
Explanation:
thx make me brainliest :)
Exercise 9-14 Accounting for contingent liabilities LO C3 For each separate situation, indicate whether Cruz Company should (a) record a liability, (b) disclose in notes, or (C) have no disclosure. 1. Cruz Company guarantees the $100,000 debt of a supplier. It is not probable that the supplier will default on the debt. A disgruntled employee is suing Cruz Company. Legal advisers believe that the company will likely need to pay damages, but the amount cannot be reasonably estimated.
Answers
The Cruz Group stating whether to (a) record a liability, (b) disclose in notes, or (c) not disclose.
Transactional Remark
1. The debt guarantee of the supplier (c) is not disclosed
2. Compensation for a displeased employee (b) note
There is no need to disclose when it is unlikely that the supplier whose debt Cruz has guaranteed would fail to make payments because Cruz will not be liable in any case. Cruz ought to make the information known in a note nonetheless, as it relates to the legal case of a disgruntled worker. Only when the cost of the losses can be reasonably calculated can it be recorded as a liability.
To learn more about Compensation please click on the given link: https://brainly.com/question/24152521
#SPJ4
The ___ is the largest U.S. electronic stock trading market
Answers
Answer: The New York Stock Exchange (NYSE).
The New York Stock Exchange (NYSE) is the largest electronic stock trading market in the United States.
Established in 1792, it is the world's largest stock exchange by market capitalization. The NYSE lists more than 2,400 companies from around the world and has a total market capitalization of more than $20 trillion.
In order to be listed on the NYSE, companies must meet certain financial and operational standards that are set by the exchange. Companies must also pay listing fees to the NYSE and are subject to ongoing reporting and disclosure requirements. The NYSE also enforces rules that govern how companies can issue new shares of stock, as well as how they can repurchase shares of their own stock.
The NYSE is an electronic stock exchange, meaning that all transactions are executed electronically. It uses a continuous auction market, which means that orders are matched in real time. The NYSE has two trading floors in New York City, as well as a global network of electronic trading platforms that allow investors to trade stocks around the world.
The NYSE is regulated by the Securities and Exchange Commission (SEC). The SEC sets standards for how the exchange operates and enforces rules that protect investors from fraudulent or manipulative activities.
The NYSE is also a member of the Financial Industry Regulatory Authority (FINRA), which is responsible for ensuring that all investors receive fair and equitable treatment.
Learn more about NYSE stock trading market:
brainly.com/question/15729377