The correct statements regarding income statements prepared under variable and absorption costing are that reported net income on the statements often differ, and both income statements include product and period costs.
Under variable costing, only variable production costs are included in product costs, while fixed production costs are treated as period costs and expensed in the income statement. Absorption costing, on the other hand, allocates both variable and fixed production costs to the product costs.
These different approaches result in differing net income figures on the income statements. When production levels are higher than sales levels, absorption costing typically results in higher net income because a portion of the fixed costs are deferred in inventory. Conversely, when sales levels exceed production levels, variable costing usually results in higher net income.
In both variable and absorption costing income statements, product costs are costs that can be traced directly to the production process, such as direct materials, direct labor, and manufacturing overhead. Period costs are costs that are not directly related to production, such as selling and administrative expenses.
In summary, the key differences between variable and absorption costing income statements are the way they handle fixed production costs and their impact on reported net income. Despite these differences, both types of income statements include product and period costs.
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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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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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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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The 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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organizing work shifts and rotating employees to minimize exposure to hazards is an example of which of the following?a.engineering controlsb.administrative controlsc.ergonomic safeguardsd.modifications of the work environmente.none of these is correct.a.recyclingb.incinerationcpostingd.leachinga.recyclingb.incinerationcpostingd.leachinga.an annual supply of renewable freshwater between 1,000 and 1,700 cubic meters per person.b.an annual supply of renewable freshwater less than 1,000 cubic meters per person.c.the water that is delivered to the distribution system after treatment.d.the natural cycle by which water evaporates from water bodies.e.a layer or section of earth that contains freshwater.
Organizing work shifts and rotating employees to minimize exposure to hazards is an example of an administrative control. Administrative controls are measures that are put in place to manage or reduce risk through work practices or policies. The corrcet answer is option (b).
They focus on changing the way work is done to reduce exposure to hazards, such as rotating employees or changing work schedules. Leaching is a process by which a solid material is dissolved and transported by a liquid. In the context of environmental science, leaching is often associated with pollutants that are released from waste materials and can contaminate soil and water. Hence, the right answer is option (b).
An annual supply of renewable freshwater less than 1,000 cubic meters per person is considered water scarcity. This is because it represents a limited availability of freshwater resources that can be used for human consumption, agriculture, and industrial purposes.
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suppose that households become pessimistic and begin to cut back on their spending to build up their cash reserves. as a result, the growth rate of the falls and the shifts to the left. please choose the correct answer from the following choices, and then select the submit answer button. answer choices a.money supply; solow growth
b.curve velocity of money; solow growth c.curve velocity of money; aggregate demand curve
d.money supply; aggregate demand curve
d. money supply; aggregate demand curve
The demand for products and services declines as households become gloomy and cut back on spending, which lowers the rate of economic growth. The aggregate demand curve has shifted to the left to reflect this. The aggregate demand curve can be impacted by the money supply, which is a measure of the quantity of money in circulation throughout the economy. The right response, however, pertains to the aggregate demand curve, not the money supply or velocity of money, because in this situation the reduction in spending is the primary cause of the move to the left in the aggregate demand curve.
What is rate of economic growth?
The economic growth rate of a nation is the percentage difference in value between all commodities and services produced during a given time period and those produced earlier in the same time period. An economy's comparative health over time is calculated using its growth rate.
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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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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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Why would someone choose to a franchise over another type of
business type (what are the specifications you should be looking
for)?
Display keyboard shortcuts
for Rich Content Editor
Someone might choose a franchise over another type of business due to several factors, such as brand recognition, established business systems, training and support, and reduced risk
The reason of choosing to start a franchiseThere are several reasons why someone might choose to start a franchise over another type of business.
First, franchises offer a proven business model and established brand recognition, which can be a huge advantage for entrepreneurs who may not have experience running their own business.
Additionally, franchises often come with support and training from the franchisor, which can be valuable for those who need guidance in getting started. When considering a franchise, there are several specifications that you should look for.
These include a strong and recognizable brand, a proven track record of success, a well-defined business model, comprehensive training and support, and a clear understanding of the franchise fees and ongoing costs.
It's also important to research the industry and market demand for the franchise's products or services to ensure that there is a viable customer base.
Overall, it's important to thoroughly evaluate a franchise opportunity before making a decision, to ensure that it aligns with your goals and expectations.
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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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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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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#SPJ11one 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 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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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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What are the implications of the economic transformation for the
agricultural sector?
The implications of economic transformation for the agricultural sector are complex and depend on a factors, including the specific nature of the transformation, the structure of the agricultural sector, and the policy environment.
How economic transformation affect the agricultural sector?The economic transformation can have significant implications for the agricultural sector, depending on the specific nature of the transformation. Here are some potential implications:
Shift in Demand: As a country undergoes economic transformation, the demand for agricultural products may change. For instance, as incomes rise and people move to urban areas, there may be a shift in demand towards more processed and convenience foods, which may reduce the demand for raw agricultural products. On the other hand, the demand for high-quality, niche products may increase.Changes in Technology: Economic transformation often involves the adoption of new technologies, which can have both positive and negative effects on the agricultural sector. For example, new machinery and equipment can increase productivity and efficiency, but may also displace labor and require significant investment.Land-use Changes: As economies transform, there may be changes in land use that affect the agricultural sector. For example, as urbanization increases, agricultural land may be converted to residential or commercial use, which could reduce the availability of land for farming.Trade and Globalization: Economic transformation often involves increased trade and globalization, which can create new opportunities and challenges for the agricultural sector. For example, increased trade can lead to greater access to new markets, but can also expose farmers to greater competition from overseas producers.Learn more about economic transformation
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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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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?
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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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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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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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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the income elasticity of money demand is 0.6 and the interest rate elasticity of money demand is -0.01. suppose that the central bank increases the money supply by 3%, real income increases by 2% and inflation is 2%. what is the percentage increase in the nominal interest rate? a. 5% b. 10% c. 20% d. 25%
The percentage increase in the nominal interest rate is approximately 0.585%. None of the given options (a. 5%, b. 10%, c. 20%, d. 25%) match this result.
To calculate the percentage increase in the nominal interest rate, we can use the following equation:
% change in nominal interest rate = [(Income elasticity of money demand * % change in real income) + (Interest rate elasticity of money demand * % change in money supply)] / Inflation rate
Plugging in the given values:
% change in nominal interest rate = [(0.6 * 2) + (-0.01 * 3)] / 2
% change in nominal interest rate = [(1.2) + (-0.03)] / 2
% change in nominal interest rate = 1.17 / 2
% change in nominal interest rate ≈ 0.585
The percentage increase in the nominal interest rate is approximately 0.585%. None of the given options (a. 5%, b. 10%, c. 20%, d. 25%) match this result.
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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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Even though Acme has a patent on its particular type of anvil, there are many other potential anvil makers out there. Which of the following is most likely to happen in the long run?
A. Other firms will simply take Acme's price as being the market price and sell as many anvils as they can at that price.
B. Other firms will copy Acme's anvils exactly and hope they do not get caught for violating Acme's patent.
C. Other firms will look for other innovations to try to capture some of Acme's profits.
D. Other firms will leave the market because of Acme's patent.
It is most likely that option C will happen in the long run. While option A and B may be tempting, they come with potential legal repercussions and may not be sustainable in the long term. Option D is also unlikely as there may still be a demand for anvils in the market. Instead, other firms will look for other innovations to try to capture some of Acme's profits.
This can include developing a different type of anvil or improving upon Acme's design to create a better product. In the body of the answer, it can be explained that competition often leads to innovation and improvements in products, which can benefit consumers.
Finally, in the conclusion, it can be stated that while Acme may have a patent on their anvil design, it does not necessarily mean that they will have a monopoly on the market as other firms will find ways to compete and capture some of the market share.
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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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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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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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which of the following statements describes how inflation affects the ability of money to serve as a store of value? check all that apply. inflation erodes money's purchasing power. inflation causes menu costs. in some countries with hyperinflation, prices are posted in terms of u.s. dollars rather than the local currency, even though the local currency is still used to purchase the good.
Inflation affects the ability of money to serve as a store of value A. inflation erodes money's purchasing power, B. inflation causes menu costs, and C. in some countries with hyperinflation, prices are posted in terms of u.s. dollars rather than the local currency, even though the local currency is still used to purchase the good.
Firstly, inflation erodes money's purchasing power (A). As the general price level increases over time, the value of money decreases, meaning that a given amount of money can buy fewer goods and services. This undermines its function as a store of value because the real value of savings or investments can be diminished by inflation.
Secondly, inflation can cause menu costs (B), which are the costs incurred by businesses when they have to change their prices due to inflation. This can make it more difficult for individuals to assess the true value of their money, as constantly changing prices can make comparisons between goods and services challenging. Menu costs also create inefficiencies for businesses, as they have to spend time and resources adjusting their pricing structures.
Lastly, in some countries experiencing hyperinflation, prices are posted in terms of U.S. dollars rather than the local currency, even though the local currency is still used to purchase goods (C). This practice reflects the decreasing trust in the local currency as a reliable store of value, and the use of the U.S. dollar as a more stable reference point can help consumers and businesses maintain some sense of value in their transactions.
In summary, inflation has multiple impacts on money's ability to serve as a store of value. It erodes purchasing power, causes menu costs, and can lead to the use of foreign currencies as a reference point for prices in cases of hyperinflation. Therefore, the correct option is A. B and C.
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which of the following statements describes how inflation affects the ability of money to serve as a store of value? check all that apply.
A. inflation erodes money's purchasing power.
B. inflation causes menu costs.
C. in some countries with hyperinflation, prices are posted in terms of u.s. dollars rather than the local currency, even though the local currency is still used to purchase the good.
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