A mutual fund's performance is best measured by the total return. Total return takes into account both the fund's capital appreciation (or depreciation) and its income generation.
Capital appreciation refers to the increase in the fund's net asset value (NAV) over a period of time, while income generation refers to the interest or dividends paid by the fund's holdings.
Yield is a measure of the income generated by a fund's holdings relative to the fund's NAV, but it does not take into account the capital appreciation of the fund.
Income return is a measure of the income generated by a fund's holdings but does not include capital appreciation or depreciation. Capital gains refer to the profit realized when a security is sold for a higher price than it was purchased, but this alone does not capture the full performance of a mutual fund.
In summary, total return is the most comprehensive measure of a mutual fund's performance as it takes into account both the income generated and the capital appreciation of the fund.
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A mutual fund's performance is best measured by: group of answer choices - income return, total return, yield, and capital gains distribution.
To evaluate a mutual fund's performance, you should consider the following four factors:
1. Income return: This represents the interest and dividends earned by the securities in the mutual fund's portfolio. It's essential to examine the income return to understand how the fund generates income for its investors.
2. Total return: Total return takes into account both the income return and capital gains or losses on the securities in the portfolio.
It's a more comprehensive measure of a mutual fund's performance as it considers all sources of return. To calculate the total return, you need to add the income return and capital gains/losses and then divide it by the initial investment.
3. Yield: Yield is the income return expressed as a percentage of the fund's net asset value (NAV). It helps investors compare the income-generating potential of different mutual funds.
To calculate the yield, you need to divide the income return by the fund's NAV.
4. Capital gains distribution: This refers to the distribution of capital gains realized by the mutual fund when it sells the securities in its portfolio at a profit.
Investors should consider capital gains distribution as it can impact their overall returns and tax liabilities.
By considering these four factors - income return, total return, yield, and capital gains distribution - you can effectively measure a mutual fund's performance and make informed investment decisions.
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vance was served liquor while he was an intoxicated patron of a united states air force bar. he later injured himself as a result of his intoxication. an alaska state statute makes it a crime to give or to sell liquor to intoxicated persons. vance has brought an action seeking damages for the injuries he suffered. could vance successfully argue that the united states air force was negligent per se by its employee's violation of the statute? under 50 words
Yes, Vance could successfully argue that the United States Air Force was negligent per se by its employee's violation of the Alaska state statute that makes it a crime to give or sell liquor to intoxicated persons.
Negligence per se occurs when a defendant violates a statute or regulation that is designed to protect a specific class of people from a specific type of harm, and that violation results in the type of harm the statute was intended to prevent. In this case, the statute was designed to protect intoxicated persons from being served alcohol, and Vance's injury was the type of harm the statute was intended to prevent.
Therefore, the violation of the statute would be considered a breach of duty, making the United States Air Force negligent per se. However, Vance would still need to prove causation and damages in order to recover compensation for his injuries.
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How does the following contributed to capital marketa) Information disclosureb)Liberalisationc)Supervisory role
Information disclosure, liberalization, and the supervisory role all contribute to the development and functioning of capital markets by promoting transparency, competition, and investor protection.
The factors contributing to capital markets are:
a) Information disclosure: Information disclosure ensures that all market participants have equal access to relevant and timely data about companies and their financial performance. This transparency allows investors to make informed decisions and contributes to the efficient functioning of capital markets.
b) Liberalization: Liberalization refers to the reduction of government restrictions and regulations in the capital markets. By removing barriers to entry, liberalization encourages competition, attracts foreign investment, and fosters market growth.
c) Supervisory role: The supervisory role of regulatory bodies in capital markets is crucial for maintaining investor confidence and market stability. By monitoring and enforcing compliance with financial regulations, these authorities help prevent fraud and other malpractices, ensuring a fair and transparent market environment.
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Organizations made up of groups of people with similar interests that try to directly influence public policy through their members who seek and hold public office
a. True
b. False
The description in the question refers to interest groups or pressure groups, which are organizations made up of groups of people with similar interests that try to directly influence public policy through their members who seek and hold public office. Therefore, the statement is true.
In fact, many interest groups seek to influence public policy through a variety of means, including lobbying, grassroots organizing, public education campaigns, and media outreach. These organizations may not have members who hold public office, but they can still have a significant impact on policy decisions by mobilizing public support and putting pressure on elected officials.
Furthermore, not all interest groups are formed around specific policy issues. Some are based on demographic factors, such as race, gender, or age, while others are focused on broader social or economic concerns. These groups may also seek to influence public policy, but they may do so through different channels than policy-focused organizations.
Ultimately, the influence of interest groups on public policy is complex and multifaceted, and cannot be reduced to a single method or type of organization. While some groups may rely on members who hold public office, others may take a more indirect approach to advocacy and activism.
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what is the major difference between social responsibility and marketing ethics?
Social responsibility deals with the broader obligations of a business towards society and the environment, while marketing ethics specifically addresses the ethical aspects of marketing practices.
Social responsibility and marketing ethics are related concepts, but there is a fundamental difference between the two.
Social responsibility refers to the obligation of companies to act in the best interests of society, by contributing to economic development, improving the quality of life of employees and the community, and protecting the environment. In contrast, marketing ethics pertains specifically to the ethical principles and standards that companies must follow when promoting and selling their products or services. Marketing ethics requires companies to be truthful and transparent in their advertising, to respect the privacy and autonomy of consumers, and to avoid using deceptive or manipulative tactics to influence consumer behavior.In essence, social responsibility is a broader concept that encompasses marketing ethics as one aspect of corporate behavior.
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________ leadership model posits that an effective leader makes desirable rewards available, clarifies how employees can achieve objectives, and provides them support in doing so.
a- Greenleaf’s servant
b- Fiedler’s contingency
c- Stogdill’s trait-based
d- House’s path-goal
d- House’s path-goal.
This model emphasizes that leaders should adapt their style to help followers navigate through obstacles and achieve their goals. The theory was developed by Robert House and has its roots in the expectancy theory of motivation. The theory is based on the premise that an employee’s perception of expectancies between his effort and performance is greatly affected by a leader’s behavior.
The leaders help group members in attaining rewards by clarifying the paths to goals and removing obstacles to performance. They do so by providing the information, support, and other resources which are required by employees to complete the task. House’s theory advocates servant leadership. As per servant leadership theory, leadership is not viewed as a position of power. Rather, leaders act as coaches and facilitators to their subordinates.
According to House’s path-goal theory, a leader’s effectiveness depends on several employee and environmental contingent factors and certain leadership styles.
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one measure that would compensate the sending country for its public investments in emigrants could be a(n)
One measure that could potentially compensate the sending country for its public investments in emigrants is the concept of remittances.
Remittances are essentially the money that migrants send back to their home countries to support their families and communities.
These funds can be used for a variety of purposes, including education, healthcare, and infrastructure development.
In some cases, governments have implemented policies or programs to incentivize migrants to send remittances back to their home countries.
For example, some countries offer tax breaks or other financial incentives to encourage migrants to send money back home.
Additionally, some countries have established government-run remittance systems to facilitate the transfer of funds and reduce the costs associated with sending money internationally.
Overall, there are a variety of measures that could potentially compensate sending countries for their public investments in emigrants.
These measures may include remittances, circular migration, or other policies and programs that promote economic development and support the well-being of migrant communities.
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How is the concept of externalities related to the Tragedy of the Commons? Provide an example and brief discussion.
The concept of externalities is closely related to the Tragedy of the Commons because both deal with the idea that actions taken by one individual or group can have unintended consequences on others in the community. Externalities refer to the costs or benefits of a decision or action that are not borne by the decision-maker, but instead are shifted to others in the community. This can lead to market failures where the true costs of production or consumption are not reflected in the market price.
The Tragedy of the Commons refers to a situation where a common resource, such as a pasture or fishing ground, is overused and degraded because individuals act in their own self-interest rather than in the interest of the community. Each person has an incentive to use as much of the resource as possible, but this leads to overuse and depletion of the resource, which harms everyone in the community.
An example of the relationship between externalities and the Tragedy of the Commons is pollution. If a factory emits pollution into the air or water, this creates a negative externality that harms other individuals and the environment. However, the factory may not bear the full costs of this pollution, as it is often difficult to measure and quantify the damage caused. This creates an incentive for the factory to continue polluting, even if it harms others in the community. Over time, this can lead to a Tragedy of the Commons situation where the environment is degraded and everyone suffers the consequences.
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taskmaster enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. taskmaster has established the following standards for the prime costs of one unit of product. standard quantity standard price standard cost direct materials 8 pounds $ 2.90 per pound $ 23.20 direct labor 0.25 hour $ 10.20 per hour 2.55 $ 25.75 during november, taskmaster purchased 165,500 pounds of direct materials at a total cost of $463,400. the total factory wages for november were $53,000, 90% of which were for direct labor. taskmaster manufactured 19,500 units of product during november using 146,250 pounds of direct materials and 5,110 direct labor-hours. is the direct labor efficiency variance favorable or unfavorable?
To calculate the direct labor efficiency variance, we need to compare the actual hours worked to the standard hours allowed for the production of the 19,500 units of product.
Standard hours allowed = Standard labor hours per unit x Actual units produced
Standard labor hours per unit = 0.25
Actual units produced = 19,500
Standard hours allowed = 0.25 x 19,500 = 4,875
Actual hours worked = 5,110
Direct labor efficiency variance = (Standard hours allowed - Actual hours worked) x Standard labor rate
Direct labor efficiency variance = (4,875 - 5,110) x $10.20
Direct labor efficiency variance = -235 x $10.20
Direct labor efficiency variance = -$2,397
Since the variance is negative, it means that the actual hours worked exceeded the standard hours allowed, resulting in an unfavorable direct labor efficiency variance.
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https://brainly.com/question/27404735#SPJ11The lowest rate of output pre unit of time at which long-run average costs for a particular firm are at a minimum is:______
The lowest rate of output per unit of time at which long-run average costs for a particular firm are at a minimum is called the minimum efficient scale (MES).
This is the point where economies of scale are maximized and the costs of production are minimized. This is the optimal size of production for a firm to be most efficient and profitable.
The MES is determined by the cost and revenue structure of the firm. The cost structure includes the fixed costs such as capital and labor, as well as the variable costs associated with the production of each unit. The revenue structure takes into account the price that the firm can charge for its products and the quantity that it can sell.
The MES can be achieved through a combination of factors such as increasing the size of the firm, investing in technology, and introducing economies of scale. The size of the firm and the technology used for production will determine the cost of production and the quantity that can be produced at the MES.
Additionally, economies of scale allow the firm to reduce the average cost of production by spreading out the fixed costs over a larger output.
By maximizing the size of the firm, investing in technology, and introducing economies of scale, the firm can achieve the MES and maximize its profits. This will allow the firm to remain competitive and profitable in the long run.
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cavern company's output for the current period results in a $5,000 unfavorable direct material price variance. the actual price per pound is $56.00 and the standard price per pound is $54.00. how many pounds of material are used in the current period?
The company used 2,500 pounds of material in the current period.
To calculate the pounds of material used in the current period, we can use the formula:
Direct material price variance = (Actual price - Standard price) x Actual quantity
We are given that the direct material price variance is $5,000 unfavorable, the actual price per pound is $56.00, and the standard price per pound is $54.00. We can plug these values into the formula and solve for the actual quantity:
$5,000 = ($56.00 - $54.00) x Actual quantity
$5,000 = $2.00 x Actual quantity
Actual quantity = $5,000 ÷ $2.00
Actual quantity = 2,500 pounds
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Which savings option is best for Vincent? Use the PACED decision-making method and show your work
For Vincent, conducting online savings makes the most sense.Show your work and use the PACED decision-making process.
a resource that can assist managers in taking quick, sensible decisions. The problem, choices, criteria, evaluation, and decision stages make up the model. Even when the KPIs have distinct data formats, sizes, and/or seasonal trends, pace charts are a different bullet graph design that normalises progress to goal visualisations across KPIs. problem identification, information search, assessment of different options, choice of purchase, and post-purchase analysis.
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tbt stock pays a $3 dividend, semi-annually, and has earning per share of $9. if the stock is currently trading at $60, what is the dividend yield percentage? 5.00%. 33.33%. 10.00% 66.67%.
The dividend yield percentage is option c 10%.To calculate the dividend yield percentage, we need to divide the annual dividend payment by the current stock price and multiply by 100.
So, in this case, the calculation would be as follows:
The dividend yield percentage is a financial ratio that shows the percentage return an investor earns from dividend payments. In this case, we are given that TBT stock pays a $3 dividend semi-annually, which means that the annual dividend payment is $6 ($3 x 2). The earnings per share are $9, and the current stock price is $60.
Annual dividend = (Semi-annual dividend) x 2 = $3 x 2 = $6
The dividend yield percentage is the annual dividend per share divided by the current stock price, expressed as a percentage:
Dividend yield percentage = (Annual dividend per share / Stock price) x 100%
= ($6 / $60) x 100%
= 10%
Therefore, the dividend yield percentage is 10%.
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They pay a wage, w, of $40 per worker and rental rate of capital, r, of $640 per unit of capital. How many units of labor and capital should the firm hire to minimize the cost of producing 1,500 units? L=150; K=10 L=275; K=8.75 L=625; K=4 ✓L=200; K=12.5
To minimize the cost of producing 1,500 units, the firm needs to find the combination of labor and capital that gives the lowest cost. The cost of producing 1,500 units is the sum of the cost of labor and the cost of capital.
The cost of labour is the wage per worker, w, multiplied by the number of workers hired, L. Therefore, the cost of labour is 40L.
The cost of capital is the rental rate of capital, r, multiplied by the number of units of capital hired, K. Therefore, the cost of capital is 640K.
So the total cost, C, of producing 1,500 units is:
C = 40L + 640K
To minimize the cost, we need to take the partial derivatives of C with respect to L and K, and set them equal to zero.
∂C/∂L = 40 = 0
∂C/∂K = 640 = 0
These equations cannot be satisfied because 40 and 640 are not equal to zero. Therefore, we need to find the values of L and K that give the lowest cost.
To do this, we can try different combinations of L and K and calculate the corresponding cost. We can then compare the costs to find the minimum.
Using the given values of L and K, we can calculate the cost of producing 1,500 units:
For L=150 and K=10, C = 40(150) + 640(10) = 12,000
For L=275 and K=8.75, C = 40(275) + 640(8.75) = 12,000
For L=625 and K=4, C = 40(625) + 640(4) = 12,000
For L=200 and K=12.5, C = 40(200) + 640(12.5) = 12,500
Out of these combinations, the one that gives the lowest cost is L=150 and K=10, which gives a cost of $12,000. Therefore, the firm should hire 150 units of labor and 10 units of capital to minimize the cost of producing 1,500 units.
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Suppose the health department in a small country has been given a budget of $6 million to spend on new cancer treatments. They are considering the mutually independent treatments (including no treatment) shown in the table below, along with their costs and QALYs gained. Because the treatments are mutually independent, each treated individual can receive only one of the treatments.
Calculate the incremental cost, incremental QALYs and incremental cost- effectiveness ratios for all economically rational strategies.
Carefully graph all of the treatment options. Show which options are dominant options using both of our definitions of dominance (strictly and extended). Please draw the graph to scale using either a computer or graph paper.
Treatment QALYs Cost (in million $)
A 100 0.8
B 110 1.4
C 140 1.8
D 50 0.3
E 120 1.2
F 230 4.5
G 200 3.4
The most economically rational strategies are either to choose treatment option E or G. Treatment E costs $1.2 million and provides 120 QALYs, while treatment G costs $3.4 million and provides 200 QALYs.
To calculate the incremental cost, incremental QALYs, and incremental cost-effectiveness ratios, we need to compare each treatment option with the next best alternative.
To begin with, we will plot the data on a graph, where the x-axis represents the incremental cost and the y-axis represents the incremental QALYs gained. We can also label each point with its corresponding treatment.
The line connecting treatments A and B represents the incremental cost-effectiveness ratio (ICER) between the two treatments. We can calculate the ICER for each treatment option by dividing the difference in cost by the difference in QALYs gained between that treatment and the next best alternative. The results are as follows:
We cannot calculate the ICER for treatments A and D since they are the cheapest and the least effective treatments, respectively, and there is no next best alternative. Therefore, we mark these points as "dominated" on the graph.
Now, we can determine the dominant treatment options using both the strict and extended definitions of dominance.
According to the strict definition of dominance, a treatment option is considered dominant if it has a lower incremental cost and a higher incremental QALYs than another treatment option.
From the graph and the table, we can see that treatment option C is strictly dominant over treatment option B, and treatment option G is strictly dominant over treatment option F.
According to the extended definition of dominance, a treatment option is considered dominant if it has a lower or equal incremental cost and a higher incremental QALYs than another treatment option.
From the graph and the table, we can see that treatment option E is extendedly dominant over treatment option C, and treatment option G is extendedly dominant over treatment option B.
Therefore, the dominant treatment options are as follows:
A: dominated by all other optionsB: dominated by GC: dominated by ED: dominated by all other optionsE: dominantF: dominated by GG: dominantSo, the most economically rational strategies are either to choose treatment option E or G. Treatment E costs $1.2 million and provides 120 QALYs, while treatment G costs $3.4 million and provides 200 QALYs.
Therefore, the incremental cost-effectiveness ratio for treatment E is 10 thousand dollars per QALY gained, and for treatment G is 17 thousand dollars
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Unless some other written agreement has been made, the broker will usually receive the sales commission when a. The purchases takes possession b. The seller list the property c. The transaction is closed d. A ready, willing, & able buyer produces an offer
Unless some other written agreement has been made, the broker will usually receive the sales commission when the transaction is closed, option c.
This is because the sales commission is typically paid once the transaction is completed and both the buyer and seller have fulfilled their obligations in the property sale process. Unless there is a written agreement stating otherwise, the broker will typically receive their sales commission upon the successful closing of the transaction. This means that all parties involved have signed all necessary documents, the funds have been transferred, and the property has officially changed hands. It's important to have a clear and specific written agreement in place with your broker regarding their commission to avoid any confusion or disputes.
Therefore, the correct answer is option c.
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using this set of consumer preferences, which combination of goods doesn't make sense for a consumer to purchase if they maximize their utility? question 15 options: a consumer has a budget of $12 and buys 5 slices of pizza and 4 glasses of beer, if the price of pizza is $1 per slice and beer is $1 per glass a consumer has a budget of $9 and buys 3 slices of pizza and 3 glasses of beer, if the price of pizza is $2 per slice and beer is $1 per glass a consumer has a budget of $6 and buys 2 slices of pizza and 2 glasses of beer, if the price of pizza is $2 per slice and beer is $1 per glass a consumer has a budget of $6 and buys 4 slices of pizza and 2 glasses of beer, if the price of both are $1
To determine which combination of goods doesn't make sense for a consumer to purchase, we need to consider the concept of marginal utility. Marginal utility is the additional satisfaction or usefulness a consumer derives from consuming one more unit of a good or service. When a consumer maximizes their utility, they will allocate their budget in a way that maximizes their overall satisfaction.
In the first option, the consumer spends $5 on pizza and $4 on beer, resulting in a total expenditure of $9. In the second option, the consumer spends $6 on pizza and $3 on beer, also resulting in a total expenditure of $9. In the third option, the consumer spends $4 on pizza and $2 on beer, which adds up to a total expenditure of $6. In the fourth option, the consumer spends $4 on pizza and $2 on beer, with a total expenditure of $6.
Therefore, the combination of goods that doesn't make sense for a consumer to purchase if they maximize their utility is option 1, where the consumer spends $5 on pizza and $4 on beer. Since the price of both pizza and beer is $1, the consumer could have purchased 5 slices of pizza and 7 glasses of beer with their $12 budget. However, in option 1, the consumer only purchases 5 slices of pizza and 4 glasses of beer. This indicates that the consumer may not be maximizing their utility and could have potentially allocated their budget in a more efficient way.
In conclusion, understanding the concept of marginal utility and maximizing utility is crucial in making efficient consumption choices.
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On July 1, 2020, ABC Corporation invested in the stocks of XYZ foreign corporation, by acquiring 10,000 shares at P12/share. On December 20, 2020, XYZ declared a 20% stock dividend payable on January 15, 2021. On January 2, 2021, ABC Corporation sold 10,000 shares for P13/share. Compute the net capital gain to be included in regular income.
A. 30,000
B. 15,000
C. 10,000
D. Zero
The total cost of ABC Corporation's investment in XYZ foreign corporation was P120,000 (10,000 shares x P12/share). With the 20% stock dividend, ABC Corporation received an additional 2,000 shares (10,000 shares x 20%), bringing their total shares to 12,000.
The cost basis of the additional shares received from the stock dividend is zero, as they were acquired for free. Therefore, the total cost basis of ABC Corporation's 12,000 shares is still P120,000.
When ABC Corporation sold 10,000 shares for P13/share on January 2, 2021, they received P130,000. The total proceeds from the sale exceed the cost basis of P120,000, resulting in a net capital gain of P10,000 (P130,000 - P120,000).
Therefore, the correct answer is C. 10,000.
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JOURS CH6-11 Question 46 of 47 View Policies Current Attempt in Progress Sheridan Corporation produces snowboards. The following cost information per unit is available direct materials $16: direct labour $6: variable manufacturing overhead $3fixed manufacturing overhead $19: variable setting and administrative experises $3, and fixed selling and administrative expenses $16. Using a 20% markup bercentage on the total cost per unit, calculate the target selling price
The target selling price for Sheridan Corporation's snowboards is $75.60 per unit.
To calculate the target selling price, follow these steps:
1. Determine the total cost per unit by adding all given costs:
Direct Materials: $16
Direct Labor: $6
Variable Manufacturing Overhead: $3
Fixed Manufacturing Overhead: $19
Variable Selling & Administrative Expenses: $3
Fixed Selling & Administrative Expenses: $16
Total Cost per Unit = $16 + $6 + $3 + $19 + $3 + $16 = $63
2. Calculate the markup amount by multiplying the total cost per unit by the given markup percentage (20%):
Markup Amount = Total Cost per Unit × Markup Percentage
Markup Amount = $63 × 0.20 = $12.60
3. Determine the target selling price by adding the total cost per unit and the markup amount:
Target Selling Price = Total Cost per Unit + Markup Amount
Target Selling Price = $63 + $12.60 = $75.60
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Suppose a consumer who has a marginal rate of substitution of current consumption for future consumption that is a constant, b. Determine how this consumer’s choice of current consumption, future consumption, and savings depends on the market real interest rate r, and taxes and income in the current and future periods. Show this in diagrams.
The consumer's determine how there choice for the future consumption then the marginal rate decreases and also the curve slope also decrease.
The marginal rate is fixed by the variation in the price and needs of the customer, it is not constant because the consumers taste and preference changes accordingly. So as the consumer's choice changes there requirement for the supply, demand, savings and also the price of the product varies. The external forces like economical and political values also effects on the marginal rate of the present consumption like the tax, policies that are formed and also the current and the future income of an individual.
The marginal cost is equal to the price that is relative to the future cost of consumption that is the difference between the slope and the curve when the budget is consumed constraint and they are equal. The amount of savings also determine the marginal cost where the income amount can also be less and that reduces the savings for the up-coming month.
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The natural unemployment rate in the steady-state as a function of the job separation rate, s, and job finding rate, f, when both rates are constant, is given by:
In a steady-state, the natural unemployment rate is determined by the job separation rate, s, and the job finding rate, f.
The natural unemployment rate, also known as the non-accelerating inflation rate of unemployment (NAIRU), is a concept in macroeconomics that refers to the level of unemployment that exists in the economy when it is at its potential output or full employment.
The job separation rate, s, is the rate at which workers separate from their jobs, either voluntarily or involuntarily, such as through layoffs or dismissals. The job finding rate, f, is the rate at which unemployed workers find new jobs. When both rates are constant, the natural unemployment rate can be calculated as s/f.
For example, if the job separation rate is 5% and the job finding rate is 95%, then the natural unemployment rate would be 5.26% (5%/95%). This means that in the steady-state, there would be 5.26% of the labor force who are unemployed due to job separation or other factors, while the rest of the labor force is employed or actively seeking employment.
It is important to note that the natural unemployment rate is not a fixed number and can change over time due to various factors, such as changes in technology, demographics, and labor market policies. However, it serves as a benchmark for policymakers to determine the level of unemployment that is consistent with stable prices and a healthy economy.
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the malibu corporation has annual credit sales of $36 million. the average collection period is 38 days. what is the average investment in accounts receivable as shown on the balance sheet? (do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.)
The average investment in accounts receivable can be calculated using the formula:
Average Accounts Receivable = (Credit Sales / 365) x Average Collection Period
Substituting the given values:
Average Accounts Receivable = ($36,000,000 / 365) x 38
Average Accounts Receivable = $3,671,232.88
Therefore, the average investment in accounts receivable as shown on the balance sheet is $3,671,232.88.
1. First, we'll calculate the daily credit sales by dividing the annual credit sales by 365 days:
Daily credit sales = $36,000,000 / 365 days = $98,630.14
2. Then, we'll multiply the daily credit sales by the average collection period (38 days) to find the average investment in accounts receivable:
Average investment in accounts receivable = Daily credit sales * Average collection period
Average investment in accounts receivable = $98,630.14 * 38 days = $3,747,945.32
So, the average investment in accounts receivable as shown on the balance sheet is $3,747,945.32.
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A departmental contribution to overhead report is based on____________ service department allocations controllable costs uncontrollable costs
A departmental contribution to overhead report is based on service department allocations and controllable costs. This report helps in determining the profitability of each department by allocating indirect costs to each department.
The indirect costs include overhead expenses such as rent, utilities, and other expenses that cannot be directly attributed to a particular department.
The service department allocations are the cost of services provided by one department to another department within the organization. These costs are allocated based on the usage of the services. For example, the IT department may provide services to the marketing department, and the cost of these services will be allocated to the marketing department based on the usage.
Controllable costs are expenses that can be managed by the department managers, such as salaries, supplies, and materials. These costs can be controlled by making changes to the department's operations or by reducing expenses.
Uncontrollable costs are expenses that cannot be managed by the department managers, such as rent or property taxes. These costs are allocated to the departments based on a predetermined formula.
In summary, a departmental contribution to overhead report is based on service department allocations and controllable costs. This report helps in determining the profitability of each department and identifying areas where expenses can be reduced or managed.
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Rawls used what he called the veil of ignorance which led him to develop ______.
a. the difference principle in that economic and social equalities (or inequalities) should be arranged to provide the most benefit to the least-advantaged members of society b. five main principles of justice c. the equality principle in that economic and social equalities (or inequalities) should be arranged to provide the most benefit to the least-advantaged members of society d. the difference principle which states that each person has basic rights that are compatible to the basic liberties of others e. the Constitution principle
Rawls used what he called the veil of ignorance, which led him to develop the difference principle in that economic and social equalities (or inequalities) should be arranged to provide the most benefit to the least-advantaged members of society. Option a is correct.
The veil of ignorance requires individuals to imagine themselves as not knowing their social status, wealth, race, gender, religion, or any other characteristics that may affect their life chances. From this position of impartiality, Rawls believed that individuals would choose principles of justice that are fair to everyone.
The difference principle asserts that inequalities in society are just only if they benefit the least advantaged. This principle prioritizes the needs of the most vulnerable members of society and requires that any distribution of resources, opportunities, or privileges must be justifiable based on their impact on the least-advantaged group.
Rawls' theory of justice has been influential in political philosophy and has informed debates about social inequality and the role of government in promoting fairness and justice.
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Classify each statement or equation according to whether it describes average variable cost, marginal cost, or average (total) cost. (TC is total cost; VC is variable cost: Q is quantity.) a ATC AQ b. The amount by which total cost increases when an additional unit is produced: TC c d. The total cost divided by the quantity of output: e. The change in total cost divided by the change in output: va The sum of all costs that change as output changes divided by the number of units produced:
a. ATC = AQ describes average (total) cost.
b. The amount by which total cost increases when an additional unit is produced represents marginal cost.
c. TC/Q describes average (total) cost. d. ΔTC/ΔQ represents marginal cost.
e. VC/Q describes average variable cost.
Average (total) cost (ATC) is the total cost (TC) divided by the quantity of output (Q), as in ATC = TC/Q (statement c) and ATC = AQ (statement a).
Marginal cost (MC) is the change in total cost (ΔTC) resulting from producing an additional unit of output, which is represented by ΔTC/ΔQ (statement d) and "the amount by which total cost increases when an additional unit is produced" (statement b).
Average variable cost (AVC) refers to the variable cost (VC) per unit of output, which can be represented by VC/Q (statement e), or "the sum of all costs that change as output changes divided by the number of units produced" (statement e).
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Robin likes working with numbers and is interested in joining a large organization with a clearly defined career path. • Bookkeeper: • Customer
• None
• taco Monstrot
Suitable careers for number lovers seeking growth in a large org include accounting/finance. Bookkeeping may align; a customer service is an option. "Taco Monstrot" is unrelated.
A job in accounting or finance may be a good fit for someone who enjoys working with numbers and wants a clear career path in a large organisation. Particularly, bookkeeping could be in line with this desire and provide a clear career path inside a company.
If the person has great interpersonal abilities, further career opportunities include customer service or sales. Regarding "taco Monstrot," there is no obvious relationship to the query or potential career paths, thus it is not evident how it connects to the subject at issue.
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The correct question will be: What career options are suitable for someone who likes working with numbers and seeks a clear career path in a large organization? Does bookkeeping align with this interest? Is customer service a viable option? And how does "taco Monstrot" relate to the question?
Question 15 9 pts In the long run, economic profit earned by a monopolistically competitive firm: O is zero because of the lack of barriers to entry O is zero because of the production of homogenous goods. O may be positive because of strong barriers to entry O may be positive because of product differentiation. 0 may be positive because of advertising and product promotion.
In the long run, economic profit earned by a monopolistically competitive firm is zero because of the lack of barriers to entry. This allows other firms to enter the market easily, increasing competition and driving down prices until the economic profit reaches zero.
In the long run, economic profit earned by a monopolistically competitive firm may be positive because of product differentiation. This is because monopolistically competitive firms are able to differentiate their products in some way, whether it be through quality, design, or branding, which allows them to have some control over the price they charge.
However, over time, other firms may enter the market with similar products, reducing the firm's market power and ultimately leading to zero economic profit. The lack of barriers to entry and production of homogenous goods would make it difficult for a monopolistically competitive firm to earn economic profit in the long run. Advertising and product promotion may help a firm differentiate its product and potentially earn economic profit, but it is not the sole determinant.
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dan martin was the owner of martin's appliances. for years, he bought furniture from independent furnitures. when struthers appliances, inc. took over martin's appliances, martin was made manager of the struthers appliances stores in his district. however, the manager of independent furnitures was unaware of the ownership change. martin ordered some pieces of furniture from independent furnitures but never paid for them. independent furnitures sued martin for the amount due. however, martin claimed that he was only an agent for struthers appliances, inc., and so he could not be personally liable. is martin correct?
Martin is correct in asserting that he is not personally liable for the debt incurred due to the furniture order. As the manager of Struthers Appliances stores in his district, Martin acted as an agent for Struthers Appliances, Inc.
When the ownership of Martin's Appliances changed to Struthers Appliances, Inc., Martin's role shifted from being an owner to being an agent for the new company. An agent is an individual who acts on behalf of another party, in this case, Struthers Appliances, Inc.
Since Martin ordered the furniture from Independent Furnitures in his capacity as an agent for Struthers Appliances, Inc., the responsibility for payment should fall on the principal, which is Struthers Appliances, Inc., not Martin personally.
However, it is important to note that the manager of Independent Furnitures was unaware of the ownership change. For the agency relationship to be valid, there should be proper disclosure to the third party (Independent Furnitures) about the change in ownership and Martin's new role as an agent for Struthers Appliances, Inc. If the disclosure was not made, Independent Furnitures could argue that they were dealing with Martin as an individual, making him personally liable.
In summary, if proper disclosure was made about Martin's role as an agent for Struthers Appliances, Inc., then Martin is correct that he is not personally liable for the debt. Instead, the responsibility would fall on Struthers Appliances, Inc. as the principal.
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a korean petroleum company sets up a crude oil refining facility in thailand. this is an example of a greenfield investment. (True or False)
The given statement " A Korean petroleum company setting up a crude oil refining facility in Thailand is an example of a greenfield investment." is True. Greenfield investment occurs when a foreign company establishes operations in another country, than merging with an existing company.
This type of investment can provide several benefits for both the investing company and the host country. For the Korean petroleum company, they can take advantage of lower production costs, increased market access, and the potential for growth in the Thai market. Meanwhile, Thailand benefits from job creation, the transfer of technology and expertise, and an increase in economic activity.
However, greenfield investments can also pose some challenges and risks, such as navigating local regulations, cultural differences, and potential opposition from local communities. Nevertheless, greenfield investments can lead to significant long-term gains for both the foreign investor and the host country when managed properly.
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Suppose that the business cycle in the united states is best described by rbc theory and that a new technology increases productivity. question content area bottom left part 1
show the effect of the new technology in the market for loanable funds. draw a demand for loanable funds curve. label it dlf subscript 0. draw a supply of loanable funds curve. label it slf subscript 0. draw a point at the equilibrium quantity of loanable funds and real interest rate. label it 1. draw a curve that shows the effect of the increase in productivity. label it. d
raw a point at the new equilibrium quantity of loanable funds and real interest rate. label it 2.
The new technology that increases productivity would likely lead to an increase in investment, as businesses would want to take advantage of the new technology to produce more efficiently.
The effect of new technology on the market for loanable funds, taking into account the business cycle and RBC theory by the following steps:
Step 1. Start by drawing the initial demand for loanable funds curve (DLF0) and supply of loanable funds curve (SLF0) on a graph, with the real interest rate on the vertical axis and the quantity of loanable funds on the horizontal axis.
Step 2. Identify the point where DLF0 and SLF0 intersect. This point represents the initial equilibrium quantity of loanable funds and real interest rate. Label this point as point 1.
Step 3. According to the RBC theory, an increase in productivity due to new technology leads to higher output and income. This, in turn, leads to an increase in the supply of loanable funds as households save more from their increased income.
Step 4. Reflect this change by drawing a new supply of loanable funds curve (SLF1) that shifts to the right of the initial curve (SLF0).
Step 5. Identify the new point where the demand for loanable funds curve (DLF0) intersects with the new supply of loanable funds curve (SLF1). This point represents the new equilibrium quantity of loanable funds and real interest rate after the increase in productivity. Label this point as point 2.
In summary, when new technology increases productivity in an economy described by the RBC theory, the supply of loanable funds increases, leading to a new equilibrium quantity of loanable funds and real interest rate. This can be illustrated through the shift in the supply curve from SLF0 to SLF1 and the movement from point 1 to point 2 on the graph.
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In 2012, the Federal Reserve joined many other central banks by making explicit a numerical target for inflation. Explain how stating that an annual inflation rate of 2 percent over the long run is most consistent with its mandate can help the Federal Reserve fulfill that mandate.
Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click the option twice to empty the box.
check all that apply
The Fed statement on inflation expectations helps anchor inflationary expectations.unanswered
Inflation expectations inform firms' pricing and wage decisions, therefore firm decisions support the inflation target.unanswered
The Fed statement indicates the political leaders are supportive of the policy.unanswered
A credible central bank rarely keeps inflation near its target.unanswered
Announcing a target indicates the independence of the Fed.unanswered
Announcing a target raises the cost of reneging on the commitment, making the policy time consistent.
The Fed statement on inflation expectations helps anchor inflationary expectations: By stating a specific target for inflation, the Federal Reserve provides a clear goal for the economy.
1. This helps anchor expectations, as individuals and businesses can base their decisions on the assumption that the Fed will work towards maintaining that 2 percent inflation rate.
2. Inflation expectations inform firms' pricing and wage decisions, therefore firm decisions support the inflation target: When businesses have a clear understanding of the central bank's inflation target, they can make more informed decisions about pricing and wages. This, in turn, can contribute to overall price stability and support the Federal Reserve's efforts to achieve its inflation target.
5. Announcing a target indicates the independence of the Fed: By setting an explicit inflation target, the Federal Reserve demonstrates its commitment to making independent monetary policy decisions based on economic indicators, rather than political pressures.
6. Announcing a target raises the cost of reneging on the commitment, making the policy time consistent: When the Fed announces a specific inflation target, it creates a commitment to achieve that goal. This makes it more difficult for the central bank to change course, ensuring a consistent policy approach over time. This also helps reinforce the credibility of the Federal Reserve in managing inflation expectations.
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