The deadweight loss is $90.6.
How to calculate the loss?The study suggested that the average recipient's valuation of the gift received was approximately 90% of the actual purchase price of the gift.
This means there's a loss of 10% in value constitute the deadweight loss.
Average amount spent on gift = $906
Percentage loss in value = 10% or 0.10
Calculate the deadweight loss -
= Average amount spent on gifts * Percentage loss in value
DWL = $906 * 0.10
The deadweight loss would be $90.6.
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A study by university of minnesota economist, joel waldfogel, estimated the difference in the actual monetary value of gifts received and how much the recipients would have been willing to pay to buy them on their own. the study suggested that the average recipient’s valuation was approximately 90% of the actual purchase price.
Calculate the deadweight loss if the average amount is $906.
jaynet spends $30,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $110,000 per year, and the other was for $80,000. however, she turned both jobs down to continue a painting career. if jaynet sells 25 paintings per year at a price of $8,000 each:
Accounting profit is $170,000.
Economic profit is $60,000.
What is accounting and economic profit?
Accounting profit is total revenue less explicit cost. Economic profit is accounting profit less implicit cost.
Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials. Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Accounting profit = total revenue - explicit cost.
Total revenue =price x quantity sold
Accounting profit = ($8,000 x 25) - $30,000 = $170,000
Economic profit = accounting profit - implicit cost
Economic profit = $170,000 - $110,000 = $60,000
Here is the complete question:
jaynet spends $30,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $110,000 per year, and the other was for $80,000. however, she turned both jobs down to continue a painting career. if jaynet sells 25 paintings per year at a price of $8,000 each:
What are the accounting profit?
What are the economic profit?
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all of the following are forces in the marketing environment except and . (select two)
Political, Legal, Company Policy, and Employee are forces in the marketing environment, except history and genes.
The marketing environment of a company refers to the internal and external factors that affect an organization’s marketing activities. Knowledge of structural aspects and trends in the marketing environment is the key to devising and executing successful marketing strategies.
There are two broad types of marketing environments, namely internal and external marketing environments. The former includes factors within the control of a firm, such as employees, quality of product, and company policy. The latter are beyond its control, such as technological developments and regulatory shifts.
The external marketing environment further comprises a micromarketing and a macromarketing environment. Microenvironment are direct factors such as business partners and customers, while macroenvironment refers to political, social and other larger influences.
The question is incomplete. The complete question is:
All of the following are forces in the marketing environment except ___ and _____.
a) Political
b) Legal
c) History
d) Employee
e) Genes.
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preparing tywin company's statement of cash flows for the most recent year, the following information is available: purchase of equipment $ 260,000 proceeds from the sale of equipment 87,000 purchase of land 91,000
-$264,000
Explanation:
Below is a summary of the net cash flows from investing operations for the year.
flow of money from investments
Equipment purchase: $260,000
$87,000 was earned from the sale of equipment.
Land purchase: $91,000
-$264,000 in net cash flow was utilised for investing activities.
Sales are a cash inflow, so they would be added, whereas the purchase is a cash outflow, so it would be reflected as a minus sign.
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the value of toyota cars built in japan and the profits sent to japan for toyota cars assembled in germany are both components in japan's
The value of Toyota cars built in Japan and the profits sent to japan for Toyota cars assembled in Germany are both components in Japan's gross national income.
What do you suggest by using gross national income?
Gross national income (GNI) is defined as gross home product, plus internet receipts from overseas of reimbursement of personnel, belongings profits and net taxes less subsidies on production.
What is Gross national income and the way is it calculated?
Gross national income (GNI) is an alternative to gross home product (GDP) as a measure of wealth. It calculates earnings in preference to output. Gross national income can be calculated with the aid of adding profits from overseas sources to gross domestic product.
How is Gross national income one of a kind from GDP?
GDP is said to be the degree of a rustic's ordinary financial output. The Gross national income is the entire cost that is produced within a rustic, which accommodates of the Gross domestic Product together with the profits obtained from different international locations (dividends, interests).
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a home that was purchased for $440,000 with a $320,000 loan is now worth $530,000. the current loan balance is $280,000. what is the homeowner’s equity?
A home that was purchased for $440,000 with a $320,000 loan is now worth $530,000. The current loan balance is $280,000. The Homeowner's equity will be = $530,000 - $280,000 = $250,000.
In finance, equity is ownership of assets that may be associated with liabilities or other liabilities. Equity is determined for accounting purposes by subtracting liabilities from the value of assets.
What is the true meaning of equity?
Equity is defined as ,war "the state, quality, or ideal of being fair, impartial, or just." The concept of equity is synonymous with fairness and justice. It is helpful not to think of equity simply as a desirable state or a high value.
What is an example of equity?
Equity can be calculated by subtracting liabilities from assets and can refer to a single asset such as a company. B. Applies to real estate, or companies. For example, if someone owns a $400,000 house and has a mortgage of $300,000, the $100,000 difference is equity.
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dane, inc. purchased 10 shares of its own $5 par value common stock for $20 per share. the journal entry to record this transaction would include a (debit/credit)
dane, inc. purchased 10 shares of its own $5 par value common stock for $20 per share. the journal entry to record this transaction would include a (debit/credit) must be Cash $800
What is journal entry?
In order to document a business transaction in the accounting records of the company, a journal entry is employed. A journal entry is often made in the general ledger, but it can also be made in a subsidiary ledger and subsequently rolled forward into the general ledger after being summarized. After then, the general ledger is utilized to produce the company's financial statements.
Every business transaction should be recorded in at least two places, according to the reasoning behind a journal entry (known as double entry accounting). For instance, when you make a cash sale, the revenue account and the cash account are both increased. Alternatively, if you purchase items on credit, this raises both the accounts payable and inventory accounts.
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based on the recognition principle, revenue is recorded on the financial statements when the: payment is collected for the sale of a good or service. earnings process is virtually complete. value of a sale can be reliably determined. product is physically delivered to the buyer.
The recognition principle, revenue is recorded on the financial statements when the: (a)earnings process is virtually complete (b) value of a sale can be reliably determined.
What Are financial Statements?
Financial statements are written records that carry the enterprise activities and the financial performance of a enterprise. Financial statements are regularly audited via authorities companies, accountants, corporations, and many others. to make sure accuracy and for tax, financing, or making an investment functions.
What are the principle 3 financial statements?
The earnings declaration, stability sheet, and assertion of cash flows are required financial statements. These three statements are informative tools that investors can use to investigate a business enterprise's economic energy and offer a short photo of a enterprise's monetary fitness and underlying fee.
What are the four varieties of financial statements?
There are four fundamental financial statements. they're: (1) balance sheets; (2) earnings statements; (3) cash float statements; and (4) statements of shareholders' fairness. balance sheets display what a agency owns and what it owes at a fixed point in time.
What are the 6 basic financial statements?
The economic Accounting standards Board (FASB) has defined the following factors of financial statements of enterprise organizations: belongings, liabilities, equity, revenues, costs, gains, losses, funding with the aid of owners, distribution to proprietors, and complete earnings.
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according to the theory of money neutrality, money supply growth does not affect variables such as real output and employment in: a. the long run.
Although many modern economists continue to hold the view that neutrality is assumed in the long run once money has circulated throughout the economy, modern versions of the theory acknowledge that changes in the money supply might have an impact on output or unemployment levels in the short term.
What causes the money supply to increase?
People like to hold more money while interest rates are falling than when they are rising, and vice versa. Another method for bringing the money supply and demand into balance is through price changes. When people have more nominal money than they need, they spend it more quickly, driving up prices.
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will you now or in the future require sponsorship for employment visa status (e.g. h-1b visa status)? f1 student
The answer is yes if you require the employer to start (or "sponsor") an immigrant or cooperate with their system in order to hire you now or in the future.
What does it mean to need sponsorship for a Visa?
The willingness of a company to provide access sponsorship for highly qualified individuals outside the United States is captured. Employers deal with a difficult procedure. They must demonstrate that they would need to staff their entrances with qualified American workers in order to sponsor a ticket.
Almost all students should choose "yes" when asked if they currently or in the future plan to apply for job visa sponsorship. Most international grads will look for H-1B and maybe other work visa sponsorship because their CPT or OPT expires.
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individually identify what you consider to be the greatest achievements accomplished by mankind in the last five decades. now share your list with three to five other students in the class, and come up with an expanded list. review these accomplishments in terms of the definition of a project. what does your review suggest about the importance of project management?
The greatest achievements accomplished by mankind in the last five decades are- Mass production of personal computers: With the support of Steve Jobs' Apple and Bill Gates' Microsoft, personal computers became widely used in homes and offices in the early and middle 1990s, revolutionizing society and boosting productivity.
Internet: Although it wasn't created in the last fifty years, the internet started to become widely used in the late 1990s. Computers (and, in modern times, cellphones) wouldn't be as capable and significant without the internet. The way we communicate and conduct business has both altered as a result of the internet.
Project management refers to the process of breaking a project down into tasks and distributing those assignments to other team members. The achievement of these minor objectives results in the gradual realization of the main objective. that is, The Project. You would have trouble finishing the project on time without good project management. Making the team accountable would be challenging, and maintaining team unity would be even more difficult.
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when a store hires a new worker, which arena of exchange is involved—the factor market or the product market? explain.
Answer:
Factor Market
Explanation:
The factor market deals with all the resources that businesses use to purchase, rent, or hire what they need in order to produce goods or services. A new worker being hired falls under the factor market because they are being hired to produce goods or services for the store.
what positions are now more likely to be in the role of project manager as the result of increased focus on customer service? multiple select question. administrative assistants account executives c-level managers sales representatives
The positions that are more likely to be project managers thanks to increased focus on customer service are:
Account executive sales representativesWhich roles focus on customer service?An account executive is in charge of managing the account of a certain customer while sales representatives work to persuade customers to buy goods and services.
Both these roles therefore have increased focus on customer service which is why they can be in the role of project manager.
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the four major types of transactions that affect equity in a business are , , owner's withdrawals, and owner's investments. note: enter one word for each blank.
The four major types of transactions that affect equity in a business are revenues, expenses, owner's withdrawals, and owner's investments.
What is an equity account?An equity account can be defined as a financial portrayal of ownership interests in a business firm, which may come from the business's earnings or payments made by stockholders and owners such as:
Preferred stockContributed surplusAdditional paid-in capitalRetained earningsTreasury stockCommon stockIn Business management, there are four (4) major types of transactions that affect equity in a business and these include the following:
RevenuesExpensesOwner's withdrawalsOwner's investments.In conclusion, all financial transactions such as revenue and owner's investment, that increase equity also increases the profits and capital.
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the requirement that the economic activities of a business owner should be separated from the activities of the business is an example of which accounting assumption?
The economic activities of a business owner should be separated from the activities of the business is an example of Economic Entity accounting assumption.
What is Economic Entity?
One of the presumptions made by widely accepted accounting rules is that an economic entity exists. An enterprise can be almost any kind of social structure or unit. Hospitals, businesses, towns, and government organizations are some examples of monetary entities.One of the presumptions made by widely accepted accounting rules is that an economic entity exists.
Therefore,
The requirement that the economic activities of a business owner should be separated from the activities of the business is an example of Economic Entity accounting assumption.
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A decrease in the demand for soft drinks due to changes in consumer tastes, accompanied by an increase in the supply of soft drinks as a result of reductions in input prices, will result in.
A decrease in soft drink demand due to shifts in consumer tastes, combined with an increase in soft drink supply due to lower input prices, will lead to a decrease in soft drink equilibrium price; the equilibrium quantity might very well increase or decrease.
The equilibrium price is the only price at which consumers' and producers' plans coincide—that is, the amount consumers desire to purchase of the good or service, quantity demanded, equals the number producers want to sell, quantity supplied. The equilibrium quantity is the name given to this common quantity. In any other cost, the quantity demanded doesn't really equal the quantity supplied, indicating that the market is not in equilibrium.
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a high uncertainty avoidance ranking indicates that the country has a high tolerance for uncertainty and ambiguity.
A high uncertainty avoidance ranking indicates that u . s. a . has an excessive tolerance for uncertainty and ambiguity and a low tolerance for uncertainty and ambiguity.
Uncertainty refers to epistemic conditions related to imperfect or unknown statistics. It applies to predictions of destiny activities, to bodily measurements which can be already made, or to the unknown. Uncertainty arises in part observable or stochastic environments, as well as due to lack of expertise, indolence, or both.
Uncertainty is described as doubt. whilst you sense as in case you aren't positive in case you need to take a new process or not, this is an instance of uncertainty. while the economic system is going awful and causing all of us to fear about what's going to show up next, this is an example of uncertainty. Uncertainty is regularly targeted on issues approximately the destiny and all of the terrible matters you can assume occurring. it can leave you feeling hopeless and depressed approximately the times ahead, exaggerate the scope of the troubles you face, and even paralyze you from taking motion to overcome trouble.
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A company wishes to determine the eoq for an item that has an annual demand of 2,000 units, a cost per order of $75, and annual carrying cost of 7. 50 per unit. What is the eoq?.
The economic order quantity (EOQ) is found to be 200units.
Given here the Annual demand(D) = 2,000 Units, Cost per order(O) = $75 and Carrying cost(C) = $7.50.
Now, we calculate, Economic order quantity (EOC) by the formula,
EOC= [tex]\sqrt{}2DO/C[/tex]
= [tex]\sqrt{2 × 2000 Units × $75 / $7.50}[/tex]
= [tex]\sqrt{40000units\\}[/tex]
EOQ= 200 Units.
Thus, the economic order quantity (EOQ) is found to be 200units.
Companies determine their ideal order size by performing a calculation known as the economic order quantity (EOQ), which enables them to meet demand without going overboard. For the purpose of reducing holding costs and surplus inventory, inventory managers calculate EOQ.
EOQ can assist you in determining where to draw the line in situations when your vendors provide volume discounts and other inducements to make larger purchases.
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at a sales volume of 55,000 units, a certain company’s total fixed costs are $55,000 and total variable cost are $75,000. the relevant range of 50,000 and 80,000 units. if the company was to sell 59,000 units, the total expected cost would be: 135,240
If the company was to sell 59,000 units, the total expected cost would be $135,240 while total fixed costs are $55,000
What is total fixed costs?An expense that a business must incur and usually relates to time is referred to as a fixed cost. Rent for office space and/or manufacturing facilities that a business pays on a monthly basis is an excellent illustration of a fixed expense. Unless both landlords and tenants agree to re-negotiate a lease agreement, this is normally a contractually agreed-upon period that is fixed.
In the case of some rental properties, predetermined incremental annual rent increases may be present, where the lease calls for rent increases of a specific percentage from one year to the next. These price increases are, however, obvious and factored into the cost calculation.
Variable cost per unit = Total variable cost ÷ Units = $ 75000÷ 55,000 = $1.36 per unit
Total cost = Fixed cost + (Variable cost per unit × Units)
= $55,000 + ($1.36 per unit × 59,000 units)
= $135240
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Correct question
At a sales volume of 55,000 units, a certain company's total fixed costs are $55,000 and total variable costs are $75,000. The relevant range of 50,000 and 80,000 units.
If the company was to sell 59,000 units, the total expected cost would be:
A: 135,240
B: 160,160
C: 145,750
D: 150,470
organizations should scrutinize their appearance requirements to determine if they may result in religious discrimination.
This is a True and Firm Statement.
Organizations should carefully consider their dress codes to see if they might lead to religious prejudice.Rejecting a candidate for a job or promotion because they practice a certain faith. requiring an employee to perform more or different tasks because of their religious practices or beliefs. setting more stringent criteria for advancement for adherents of a certain faith
How does prejudice based on religion effect a person?The findings showed that melancholy and anxiety are impacted differently and specifically by perceived racial and religious prejudice. Racial discrimination, religious discrimination, and racial discrimination all predicted worse life satisfaction when measured concurrently. Racial discrimination also predicted despair and anxiety.To Learn more about Religious Discrimination in Organisation, Click the links.
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Correct Question - organizations should scrutinize their appearance requirements to determine if they may result in religious discrimination.
True or False?
a realistic and cost-effective starting point for emergency services in low-income countries could be: a. major expansion of emergency rooms in hospitals b. emergency transport c. training more trauma surgeons d. creating more level i hospitals
A realistic and cost-effective starting point for emergency services in low-income countries could be emergency transport.
Emergency transport is used to get a patient to a hospital quickly. Medical transport involves moving someone who needs or wants medical care during the journey. "Emergency care can make an important contribution to reducing avoidable death and disability in low- and middle-income countries."
The misconception that emergency transport cannot be cost effective in low-income settings is demonstrably inaccurate. "With better planning, the ongoing costs of emergency care can result in better outcomes and better cost-effectiveness. "
Hence the correct option is b) emergency transport.
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the city of springvale levies a tax on the value of real property located within its city limits. the tax equals 2 percent of the property’s assessed value up to $500,000 plus 4 percent of the value in excess of $500,000.
Tax increments are levied on the difference between the TID's base value and current value by all abutting taxing jurisdictions.
$415,00 x 2% = $8,300 in property tax.
$19,000 ($500,000 2% + $225,000 4%) is the property tax.
Compute the tax on real property valued at $415,000.
A tax is a mandatory financial charge or other sort of levy that is placed on a taxpayer by a government agency in order to pay for various public expenditures, taxes, and government spending in general. Value increment is the difference between the base value and the current value of the Tax Incremental District (TID). The amount of the property worth determines the tax increment.
Tax increments are levied on the difference between the TID's base value and current value by all abutting taxing jurisdictions. The taxes are paid to the municipality that manages the TID, and they must be used to cover the costs of the authorized project.
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Savings: $2,500 discretionary spending: $450 per month option a to buy has a total cost of 22,780 dollars, up-front cost of 2,500 dollars, monthly payment of 338 dollars for 60 months, and no mileage restriction. option b to lease has a total cost of 12,169 dollars, up-front cost of 3,925 dollars, monthly payment of 229 dollars for 36 months, and mileage restriction of 10,000 per year. compare the costs of buying and leasing a new vehicle. what are the advantages of buying the car? check all that apply. i have enough saved for the down payment. there are no mileage restrictions. the price of the car is less. the monthly payment is less. i will own the car in five years.
Answer: A,B,E
Explanation: EDGE
Answer: a,b,e
Explanation: edu
oct 8, 2022
growth of international business this activity examines the growth of international firms and international business, and addresses the key drivers that are leading firms to internationalize their operations. the size and number of international businesses have been increasing rapidly in recent years. it is useful to appreciate the extent to which businesses and markets have internationalized, as well as understand the driving forces underlying this internationalization.
The growth of international business table match up are:
Internet - TechnologyPolitical - PreferentialMarket - SaturatedCompetitiveness- privatizationCost - economy of scale What is International business?International business is known to be a term that connote the trade of goods, as well as services, technology, and others across a given national borders and this is said to be done on a global level.
Note that It involves cross-border transactions and as such, The growth of international business table match up are:
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which section of the policy analysis provides the overall content for the analysis by identifying key stakeholders and the factors that must be considered when analyzing the problem?
The Landscape section of the policy analysis provides the overall content for the analysis by identifying key stakeholders and the factors that must be considered when analyzing the problem.
What is the Landscape section?
The landscape provides the overall context of the analysis by identifying key stakeholders and the issues that must be considered when analyzing the problem Which stakeholders must be included depends on the issue at hand and the phrasing of the problem statement. Identifying key stakeholders: the policy analysis discussion focused on one.
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in the sales comparison method, quantitative adjustments are based on dollars, while qualitative adjustments are based on percentages.
To account for the variations between the topic and the comparable sales, quantitative adjustments are either percentage or monetary adjustments. The appraiser must rank the similar sales in terms of superiority/inferiority to the subject in order to make qualitative changes.
What are quantitative adjustments?Quantitative adjustments include percentage and/or monetary adjustments to account for differences between the property in question and its peers. This method of using quantitative adjustment has advantages and disadvantages. Quantitative adjustments are desirable because they can provide measurable and quantifiable adjustments. For this reason, it is considered a far more objective adjustment than a qualitative adjustment. This type of analysis/adjustment is mostly considered more accurate and reliable due to the scientific nature of the quantitative analysis. At the same time, finding the data necessary to validate a quantitative adjustment can be very difficult or even impossible. Let's explore some methods used in quantitative fitting.
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the ordinary business of life: a history of economics from the ancient world to the twenty-first century
Marshall established the basic economic activities taken out by a person to exist. Thus, by 'ordinary business of Life', he directed to the analysis of economic activities of man.
What does economics is an analysis of mankind in the ordinary business of life means?Political Economy or Economics is a breakdown of mankind in the ordinary business of life; it studies that part of individual and social action which is most near connected with the achievement and with the use of the material requisites of wellbeing. Economics impacts our daily lives in both prominent and subtle ways.
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quizlet what aspect of the control environment is affected by the company's decision to hire temporary workers?
Staffing agency employees are typically referred to as temporary or provided employees.
Whether or not the position is genuinely temporary, "temporary workers" are workers who are provided to a host employer and paid by a staffing agency. All employees have the right to a safe and healthy workplace, regardless of whether they are temporary or permanent.
Temporary Employee Protection: Employer Responsibilities
OSHA advises that the temporary staffing agency and the host employer outline their respective duties for compliance with applicable OSHA requirements in their contract to ensure that there is a clear understanding of each employer's duty in protecting employees.
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a company can only be concerned about its responsibilities once it has met its economic and legal responsibilities.
A company can only be concerned about its ethical responsibilities once it has met its economic and legal responsibilities. Option E
This is further explained below.
What are legal responsibilities?Generally, The term "legal responsibility" refers to the imposition of specific responsibilities onto a person, such as the duty to care for or provide for another person, in addition to the accountability for personal commitments that may be provided by a court order or a power of attorney.
In general, the term "legal responsibility" refers to the imposition of certain responsibilities onto a person.
One example of economically responsible behavior is when a corporation makes all of its financial decisions while maintaining its dedication to improving its performance in the aforementioned domains.
The ultimate goal is not just to maximize profits but also to have a positive impact on the people, society, and ecology of the whole planet. This is the ultimate aim.
In conclusion, After it has satisfied its financial and legal obligations, a firm may next turn its attention to the ethical duties that are its responsibility. Alternative E
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complete question
A company can only be concerned about its _____ responsibilities once it has met its economic and legal responsibilities.
A. stakeholder
B. societal
C. cultural
D. corporate
E. ethical
identify specific asset, liability, revenue, and expense accounts that cookie creations will likely use to record its business transactions.
Asset: unique properties that Cookie Creations will use are debts receivables and current assets. money owed receivable will get up whilst human beings have not but paid for the organization sessions and man or woman training. Cookie Creations may even have a few fixed properties within the form of equipment like mixers, ovens, and so on. with a view to being used to make cookies.
Liability: The enterprise could have to shop for substances like cream, dough, chocolate, etc. suppliers usually increase credit and so the enterprise may have modern liabilities in the shape of bills payable. The commercial enterprise may take financial institution loans for financing the commercial enterprise and this can be lengthy-term debt.
Revenue: Revenue can be generated through fees and charges charged for institution periods and man or woman lesions.
Expences: There might be the value of maintaining the periods, trendy and administrative expenses, and interest expenses on a financial institution loan if any. Depreciation might be charged on constant properties like ovens, mixers, and many others.
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if both producers decided to trade with each other to stock their toy stores, the terms of trade that would benefit both geppetto and lewis (1 puppet
They would be willing to trade in the range of 2 puzzles per puppet to 5 puzzles per puppet.
Trade between two agents or countries allows the countries to enjoy the next total output and level of consumption than what would be possible domestically. Canada and Mexico can each specialize in the great they need a comparative advantage in and exchange with each other.
The terms of trade are dependent as long as they're between the 2 countries' opportunity costs. As an example, any amount of greater than 1/3 and fewer than 1 traded for 1 cotton shirt would represent interdependent terms of trade. The gains from trade are only supported by comparative advantage, not absolute advantage.
A person can have an absolute advantage in both goods or activities, and yet still gain from trade by specializing within the good or activity during which it's a comparative advantage. The theory of comparative advantage holds that whether or not one nation can produce all goods more cheaply than can another nation, both nations can still trade under conditions where each benefits.
Under this theory, what matters is relative efficiency. Even when one country has an absolute advantage altogether products, trade can still benefit either side. This can be because gains from trade come from specializing in one's comparative advantage.
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Complete question: If both producers decided to trade with each other to stock their toy stores, which of the following is a range of terms of trade that would benefit both Geppetto and Lewis (1 puppet = x puzzles)?