Consumer surplus is equal to the difference between the value to buyers and the amount paid by buyers.
In other words, consumer surplus is equal to the value to buyers minus the amount paid by buyers.
It is also the difference between the amount paid by buyers and the costs of sellers, as well as the difference between the value to buyers and the willingness to pay of buyers.
Consumer surplus is the difference between the maximum amount a consumer is willing to pay for a good or service and the amount the consumer actually pays for it. This is the benefit consumers receive from a purchase, as they are able to pay less than the maximum amount they are willing to pay.
Consumer surplus is an important concept in economics because it captures the benefit that consumers receive from buying a good or service. This benefit is realized when a consumer is able to purchase a good or service for a price that is less than their maximum willingness to pay for it.
Consumer surplus allows for an efficient allocation of resources, since consumers are able to obtain goods and services at prices lower than they would have to pay if there were no consumer surplus.
Consumer surplus also creates incentives for consumers to purchase more of a good or service, which can benefit businesses and stimulate economic activity. Moreover, consumer surplus also helps to ensure that consumers are not overpaying for goods and services, which can help to reduce inequality and increase economic efficiency.
In conclusion, consumer surplus is an important concept in economics because it captures the benefit consumers receive from a purchase and can also help to stimulate economic activity.
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what pros and cons exist between structuring as either a) a single member llc or b) a multi-member llc that elects to be an s corporation with irs and film financing
When considering whether to structure as either a single-member LLC or a multi-member LLC that elects to be an S corporation for IRS and film financing, there are several pros and cons to consider.
Pros of structuring as a single-member LLC:
Cons of structuring as a single-member LLC:
Pros of structuring as a multi-member LLC that elects to be an S corporation for IRS and film financing:
Cons of structuring as a multi-member LLC that elects to be an S corporation for IRS and film financing:
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a risk analysis technique in which probable future events are simulated on a computer, generating estimated rates of return and risk indexes is called
The risk analysis technique in which probable future events are simulated on a computer, generating estimated rates of return and risk indexes is called Monte Carlo Simulation.
What is Monte Carlo simulation?
Monte Carlo simulation is a simulation approach that employs random sampling, statistical modeling, and artificial intelligence to generate probable outcomes for a system. It is a computational algorithmic approach that is used to solve a mathematical or statistical problem through a repeated sampling of random variables.
It is used in finance, engineering, and the natural sciences to forecast the possible outcomes of a system. The analysis is the method of dividing anything into parts and examining each of those parts to understand how they operate as a whole. The process of examining a problem to establish possible solutions is known as analysis.
Monte Carlo simulation is a statistical method that uses random sampling to produce probable outcomes for a model. By simulating the potential outcomes of a problem, Monte Carlo simulation allows analysts to obtain a better understanding of the degree of risk involved in a decision-making process.
A risk analysis technique in which probable future events are simulated on a computer, generating estimated rates of return and risk indexes is called Monte Carlo simulation.
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Winnebago Industries recorded an impairment loss of $462,000 on its corporate plane $2,350,000 and had accumulated depreciation of Winnebago Industries Assume that the plane originally cost the company $1,598,000 at the time of the impairment charge. (WGo) of the impaiment charge. a. Why did the company record an impairment loss on the plane? b. Explain how c. What was the plane's fair value at the end of 20152 MBC the company determined the amount of he impairment loss.
a. The company record an impairment loss on the plane due to higher carrying value of the plane than its fair value. b. Impairment loss is determined by comparing the carrying value to plane's fair value. c. The fair value at the end of 2015 was $ 710,000.
a. Winnebago Industries recorded an impairment loss on the plane because the carrying value of the plane (original cost minus accumulated depreciation) was higher than its fair value. This indicates that the plane has suffered a decline in its value, which needs to be recognized as a loss in the financial statements.
b. To determine the amount of the impairment loss, the company first calculated the carrying value of the plane by subtracting the accumulated depreciation from the original cost ($2,350,000 - $1,598,000). Then, they compared this carrying value to the plane's fair value. The difference between the carrying value and the fair value represents the impairment loss.
c. To find the plane's fair value at the end of 2015, we can use the impairment loss and the carrying value. Since the impairment loss was $462,000, we can add that to the carrying value ($2,350,000 - $1,598,000 + $462,000) to obtain the fair value. The plane's fair value at the end of 2015 was $710,000.
Note: The question is incomplete. The complete question probably is: Winnebago Industries recorded an impairment loss of $462,000 on its corporate plane. Assume that the plane originally cost the company $2,350,000 and had accumulated depreciation of $1,598,000 at the time of the impairment charge. a. Why did the company record an impairment loss on the plane? b. Explain how c. What was the plane's fair value at the end of 20152 MBC the company determined the amount of the impairment loss.
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a consumer electronics company and a telecommunications company establish a new company to jointly manufacture a new line of mobile phones. this is an example of a(n) group of answer choices joint venture. acquisition. wholly owned subsidiary. merger. hostile takeover.
A consumer electronics company and a telecommunications company establish a new company to jointly manufacture a new line of mobile phones. this is an example of a joint venture.
What does a joint venture means?A joint venture refers to the partnership between two or more parties to develop a single enterprise or project for profit while sharing the risks associated with its development. The joint venture must have at least two natural persons or entities as partners.
They are typically formed by two complementary businesses. To bring an innovative product to market, a technology company may form a partnership opens in new window with a marketing company opens in new window.
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tom has $10,000 in nominal savings which earns 5% interest each year. if inflation were to rise to 20%, what would happen to the real value of tom's savings by the end of one year? (hint: real savings
Tom has $10,000 in nominal savings which earns 5% interest each year. If inflation were to rise to 20%, the real value of Tom's savings would decrease by the end of the year.
This is because inflation reduces the buying power of money; when prices increase, the purchasing power of the same amount of money decreases. Therefore, the real value of Tom's savings would be lower than the nominal savings due to the rise in inflation.
Real savings refer to the portion of income or resources that are set aside and used for investment or productive purposes, rather than being immediately consumed. Real savings are typically measured in terms of the amount of goods or services that can be purchased with the saved income, adjusted for inflation.
Real savings are important because they provide the resources necessary for businesses and individuals to invest in new projects, create jobs, and grow the economy. Real savings can be used to purchase capital equipment, develop new products or services, or expand existing operations.
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you want to withdraw $ 16,830 from your account at the end of one year and $ 42,686 at the end of the second year. how much should you deposit in your account today so that you can make these withdrawals? your account pays 4 percent p.a.
To withdraw $16,830 at the end of the first year and $42,686 at the end of the second year, you would need to deposit $15,383.41 in your account today.
This is based on the assumption that your account pays 4% p.a. This is a time value of money problem, where we need to determine the present value of two future cash flows given a discount rate. We can use the present value formula to solve the problem:
/PV = FV / (1 + r)^n
/where:PV = present value
/FV = future value
/r = discount rate (in decimal)
/n = number of periods
/PV = present value
In this case, we have two future cash flows, one at the end of year 1 and the other at the end of year 2. The discount rate is 4% per year, and we want to find the amount to deposit today to fund these cash flows. Using the formula:
/PV1 = 16,830 / (1 + 0.04)^1 = 16,221.15
/PV2 = 42,686 / (1 + 0.04)^2 = 39,400.53
/The total present value of the two cash flows is:
/PV = PV1 + PV2 = 16,221.15 + 39,400.53 = 55,621.68
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the cost of production report may include all of the following except a.cost per unit. b.direct labor. c.advertising costs. d.direct materials.
The cost of production report may include all of the following except c. advertising costs. It may include direct materials, direct labor, overhead, and other indirect costs. However, it does not include advertising costs.
A cost of production report is a comprehensive record of all costs associated with the production of goods or services. The report is used to evaluate the performance of a production department or a business. It provides information on the actual cost of the goods produced or services rendered, as well as the costs incurred in the production process. Direct materials are the materials used in production. These materials are typically tracked in the inventory system, and the cost of production report will include their cost.
Direct labor refers to the labor needed to produce the product or service. This includes wages, benefits, and payroll taxes. The cost of production report will also include this cost.
Overhead costs are costs associated with running the business but not directly related to producing a product. These costs could include rent, insurance, and utilities. The cost of production report will include these costs.
Advertising costs are costs associated with marketing and promoting the product or service. These costs are not included in the cost of production report.
The cost of production report may include all of the following except advertising costs. Advertising costs are not included in the cost of production report. They are a separate expense and are recorded in the income statement. Advertising costs are expenses incurred to promote or market a product or service. These costs are usually considered to be period expenses and are not directly related to the production of goods or services. In conclusion, the cost of production report includes the cost per unit, direct labor costs, direct materials costs, and overhead costs. It does not include advertising costs.
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research has shown that if you invest in which of the following activities, you will end up with an attitude of continuous and constant improvement. a. respect every individual b. focus on the process c. seek perfection d. look out for your own team e. only a, b, and c
Research has shown that you will end up with an attitude of continuous and constant improvement, if you invest in e. only a, b, and c.
What does research say on gaining continuous and constant improvement?Respecting every individual means valuing and listening to the input and ideas of every person involved in a process, which can lead to a culture of collaboration and innovation. Focusing on the process means continually evaluating and refining the steps involved in a process to identify areas for improvement and optimize efficiency.
By investing in these activities, individuals and organizations can develop an attitude of continuous improvement, which involves a commitment to ongoing learning, experimentation, and refinement in order to achieve better results over time.
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product differentiation, low costs, and the development of new products or services are key to a company's success at which stage of the product life cycle?
Product differentiation, low costs, and the development of new products or services are key to a company's success at the Growth stage of the product life cycle.
Product differentiation, low costs, and the development of new products or services are key to a company's success at the Growth stage of the Product Life Cycle. During the Growth stage, a company must work to differentiate itself from competitors by creating unique products and services and by focusing on keeping costs low in order to maximize profits. It is also important to continue to innovate and develop new products and services in order to maintain market share and to stay competitive.
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longordia foods is expecting to generate after-tax income of $1,558,888, $2,933,312, and $3,261,712 for each of the next three years. the equipment used will have an average book value of $8,375,000 over that period. what is the accounting rate of return (arr)? select answer from the options below 34% 31% 46% 93%
the accounting rate of return (ARR) for Longordia Foods is approximately 26.9%, which is not one of the options provided in the question.
To calculate the accounting rate of return (ARR), we need to divide the average annual after-tax income by the average book value of the equipment used.
The average annual after-tax income for Longordia Foods is the sum of the expected after-tax income for each of the three years, divided by three:
Average annual after-tax income = ($1,558,888 + $2,933,312 + $3,261,712) / 3
Average annual after-tax income = $2,251,637.33
The average book value of the equipment used over the three years is given as $8,375,000.
Now we can calculate the ARR using the formula:
ARR = (Average annual after-tax income / Average book value of the equipment) x 100%
ARR = ($2,251,637.33 / $8,375,000) x 100%
ARR = 26.9%
Therefore, the accounting rate of return (ARR) for Longordia Foods is approximately 26.9%, which is not one of the options provided in the question. Therefore, we cannot select any answer from the given options.
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you need $1,800 to buy a new stereo for your car. if you have $400 to invest at 10% compounded annually, how long will you have to wait to buy the stereo?
$1,800 is needed to buy a new stereo for a car, if $400 is invested at 10% compounded annually, the time required to buy a new stereo for a car is 5.09 years.
The formula for compound interest is:
A = P(1 + r/n)^(n*t)
Where, A = final amount; P = principal; r = rate of interest; n = number of times compounded annually; t = time in years.
To find the time required to buy the stereo, we need to find t. So, we can rearrange the above formula as:
t = [ln(A/P)] / [n * ln(1 + r/n)]
On substituting the given values, we get: t = [ln(1800/400)] / [1 * ln(1 + 0.1/1)]t = 5.09 years (approximately)
Therefore, the time required to buy a new stereo for a car is 5.09 years (approximately) if $400 is invested at 10% compounded annually.
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the nurse is documenting a variance that has occurred during the shift. this report will be used for quality improvement to identify high-risk patterns and, potentially, to initiate in-service programs. this is an example of which type of report?
The report being used for quality improvement and potentially initiating in-service programs indicates that it is a variance report.
What is variance report?
The nurse is documenting a variance report, which is a type of incident report that documents any deviation or unexpected event from the expected standard of care. Variance reports are often used in healthcare settings to identify areas where quality improvement is needed and to develop interventions to prevent future occurrences of the same issue. Therefore, the report being used for quality improvement and potentially initiating in-service programs indicates that it is a variance report.
What is deviation ?
Deviation refers to a departure or deviation from a standard or expected norm. In various fields, such as statistics, engineering, or quality management, deviation is used to measure how much a particular observation differs from the expected value.
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Which of the following statements are true about the capabilities of a firm?They include managerial skills.They include organizational skills.They concern the deployment of resources.
The correct statement is that all of the options are correct when it comes to the capabilities of a firm, which include managerial skills, organizational skills, and the deployment of resources.
A firm's success is largely dependent on its ability to manage resources, including human, financial, and physical assets. The development of effective management and organizational skills are essential to achieving this. The deployment of resources is also a critical aspect, as it involves the allocation of resources to maximize efficiency and effectiveness.
Ultimately, a firm's capabilities determine its ability to adapt to changing market conditions, innovate, and achieve sustainable competitive advantage. Therefore, the development and cultivation of these capabilities is crucial for a firm's long-term success.
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in the 1960's, the annual supply of insulin was limited by: group of answer choices the number of chickens slaughtered each year. the number of cows and pigs slaughtered each year the supply of amino acids synthesized each year. nothing. the supply was unlimited
The second best option is the number of cows and pigs slaughtered each year divided by the supply of amino acids synthesised each year.
What exactly is insulin and why is it used?a hormone produced in the pancreas by the islets of Langerhans that regulates blood glucose levels. Diabetes is caused by either a defects in insulin secretion.. In addition to regulating blood glucose levels, insulin is also engaged in fat storage. Insulin is a hormone that regulates the metabolism of the body. Insulin controls the body's use and storage of glucose and fat. Many of the body's cells depend heavily on insulin to obtain energy from the blood.
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which of the following is a popular od activity today? team-building activities individual interview activities environmental change research force-field analysis
The correct answer is team-building activities.
One of the most common OD activities today is team-building activities. OD (Organizational Development) is a management approach that focuses on increasing organizational efficiency and performance through planned and systematic changes.
Team-building exercises are used to build relationships between employees, increase communication, and improve overall performance.
It may be conducted in the form of off-site retreats, day-long workshops, or regular team meetings. These activities encourage people to learn more about their colleagues, develop trust and mutual respect, and improve collaboration. They also help to create a positive work environment, which is important for maintaining a motivated and engaged workforce.
Therefore, team-building activities are one of the most popular OD activities today.
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Which of the following is a popular OD (Organizational Development) activity today: team-building activities, individual interview activities, environmental change research, or force-field analysis?
the principal reason for a company having a common stock split is to: group of answer choices decrease total owners' equity. capitalize retained earnings. decrease the market value per share of common stock. increase the total cash dividends pa
The principal reason for a company having a common stock split is to decrease the market value per share of common stock. Option 3 is correct.
The ownership of a company is represented by an asset known as common stock. Common stockholders choose the board of directors and determine corporate policy. Typically, this sort of stock ownership produces better long-term returns. Option 3 is correct.
Voting may be required to decide whether to combine with or buy a company, choose board members, or approve dividends or stock splits. Stocks should make up a sizable portion of every investor's portfolio. They are riskier than bonds, preferred stock, and certificates of deposit. But, in the event of a liquidation, common shareholders are not entitled to any assets until all bondholders, preferred shareholders, and other debt holders have received full payment. Option 3 is correct.
The complete question is "The principal reason for a company having a common stock split is to _________
decrease total owners' equity. capitalize retained earnings. decrease the market value per share of common stock. increase the total cash dividends paLearn more about Stocks here:
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(T/F) a startup adviser is an individual who provides advice on running your startup and holds decision-making control on the management team.
The given statement " A startup adviser is an individual who provides advice on running your startup and holds decision-making control on the management team " is False because they do not hold decision-making control on the management team.
Startup advisors have typically experienced professionals with knowledge in specific industries or business areas, and their role is to offer recommendations and share their insights based on their expertise. They can assist with various aspects of a startup, such as business strategy, marketing, technology, operations, or financial management.
However, the ultimate decision-making authority remains with the founders and the management team. Advisors are there to support and guide the startup's growth, but they are not directly involved in running the company. They serve as a sounding board for ideas and help entrepreneurs avoid common pitfalls, but the responsibility for the startup's success or failure lies with the founders and the management team.
Involving advisors can be beneficial for startups, as they can provide valuable connections, industry knowledge, and potential access to funding opportunities. When choosing advisors, it is crucial to select individuals who have experience and expertise relevant to the startup's industry, as well as a genuine interest in supporting the company's growth.
In summary, a startup advisor is an individual who offers advice and expertise to help a startup succeed but does not hold decision-making control over the management team. Their role is to guide and support the startup, while the ultimate responsibility for the company's decisions and performance lies with the founders and the management team.
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resale value considered a reduction in cost, not a benefit. a) using pw, calculate the b/c ratios of 3 building designs. [3 points]
The B/C ratio, also known as the benefit cost ratio, is a financial metric used to measure the financial feasibility of a project. It is calculated by dividing the total benefits of the project by its total costs. This metric is useful for comparing different building designs and determining which one is the most cost effective.
To calculate the B/C ratio of three building designs, one must first sum up the total benefits and the total costs of each design. The total benefits may include things such as increased energy efficiency, increased safety, and increased resale value.
The total costs may include things such as the cost of materials and labor, as well as any other costs associated with the design. Once the total benefits and costs have been calculated, the B/C ratio can be easily calculated by taking the total benefits and dividing them by the total costs. This ratio can then be compared across the three designs to determine which one is the most cost effective.
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malik is a mechanical engineer who works for a large paper manufacturing company. what would be one task that malik might perform as part of his job?
As a mechanical engineer working for a large paper manufacturing company, Malik might perform a variety of tasks related to the design, development, installation, operation, and maintenance of mechanical systems and equipment used in the paper production process.
Here are some examples of tasks that Malik might perform:
Designing and testing new mechanical equipment and systems for the paper production process, such as paper machines, rollers, drying cylinders, and boilers.Evaluating and improving the efficiency, reliability, and safety of existing mechanical equipment and systems to reduce downtime, increase productivity, and minimize risks.Collaborating with other engineers, technicians, and production personnel to identify and solve mechanical problems, optimize processes, and implement new technologies.Conducting research and development projects to explore new materials, methods, and technologies that could enhance the performance and sustainability of mechanical systems and equipment used in paper production.Providing technical support and guidance to other departments, such as maintenance, operations, and quality control, to ensure that mechanical equipment and systems are functioning properly and meeting the required standards.Keeping up-to-date with the latest industry trends, regulations, and best practices related to mechanical engineering and paper production, and applying this knowledge to improve the company's operations and competitiveness.Learn more about manufacturing company at: https://brainly.com/question/27099191
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a period of real economic growth, where production and employment are both moving higher is known as: answer unselected recession. unselected contraction. unselected expansion.
A period of real economic growth, where production and employment are both moving higher is known as Expansion.
Expansion is a stage in the business cycle where the economy is expanding, resulting in an increase in economic activity. Production, employment, income, and sales all increase during this period of time. As a result, expansion is often referred to as a period of economic growth. Economic growth is a measurement of a country's economic development. It refers to the amount of growth in the economy's real output, i.e., goods and services generated. A good example of economic growth is China's rapid economic expansion, which has catapulted the country to the second-largest economy globally.
Real economic growth can be measured in terms of Gross Domestic Product (GDP), which represents the total value of all goods and services produced in a country over a given period of time. GDP is frequently used to determine a country's economic strength and is frequently used to compare one country's economy to another's.
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true or false: if older people consume a market basket that includes more healthcare than other people, then social security would have an uncertain impact on their standard of living.
The given statement "If older people consume a market basket that includes more healthcare than other people, then social security would have an uncertain impact on their standard of living" is False because it provides a guaranteed income regardless of healthcare expenses.
Social Security provides a guaranteed income for people over the age of 65, regardless of their healthcare expenses. Therefore, an older person's standard of living would not be affected by an increased healthcare expense in a market basket. Social Security benefits are not determined by how much people pay in taxes or how much they spend on medical expenses, but rather by how many years they worked, how much they earned, and their age.
Social Security income helps seniors pay for basic necessities, such as food, housing, and medical care. The amount of the benefit depends on how much the recipient paid into the system during their working years. In some cases, Social Security may even provide extra income to supplement other savings.
While the size of a market basket can have an impact on a senior's standard of living, it would not be affected by Social Security. Social Security does not take into account the number of items a person buys, nor does it provide additional funds for more expensive items.
In conclusion, an older person's standard of living would not be affected by an increased healthcare expense in a market basket, as Social Security provides a guaranteed income regardless of healthcare expenses. Social Security benefits are determined by the recipient's work history and age.
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analysts forecast extreme disruption to the economic, political/legal, and technological environments over the next decade. the board would like to reassure investors that profits will remain relatively stable. based on this information, which corporate-level strategy would you lean toward?
The analysts forecast extreme disruption to the economic, political/legal, and technological environments over the next decade and the board would like to reassure investors that profits will remain relatively stable, is the stability strategy.
A stability strategy is a corporate-level strategy in which the organization maintains its present position by emphasizing stability in its operations, mainly through a focus on efficiency, consistency, and optimization. This strategy involves minimal risk-taking and is usually used in a stable and predictable environment that does not require rapid change or innovation. It is often employed in mature industries that are not growing rapidly or industries that are regulated.
Stability strategy is a strategy that companies use to keep the status quo. It means the organization would keep things as they are to ensure maximum efficiency. For example, by avoiding risks and maintaining current operations, companies can avoid potentially costly disruptions that would otherwise have a negative impact on profits.
The board should lean towards stability strategy as this strategy would allow the company to focus on efficiency, consistency, and optimization. This would enable the company to reduce risks and maintain the current operations. By using this strategy, the company can avoid costly disruptions that might occur due to changes in the economic, political/legal, and technological environments.
Therefore, the stability strategy is the most suitable strategy for the board to choose, based on the information given that the analysts forecast extreme disruption to the economic, political/legal, and technological environments over the next decade, and the board would like to reassure investors that profits will remain relatively stable.
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these institutions mainly make mortgage loans. these institutions generally offer higher interest rates than many other types of institutions because
The institutions that mainly make mortgage loans are the savings and loan associations (S&Ls). These institutions generally offer higher interest rates than many other types of institutions because they are taking higher risks.
What is a savings and loan association (S&L)?Savings and loan associations (S&Ls) are institutions that primarily make mortgage loans to homebuyers. These institutions are different from commercial banks in that they do not offer a wide range of services.
The primary function of S&Ls is to accept deposits from customers, pay interest on those deposits, and use the deposited funds to make mortgage loans. They provide a critical role in the economy by supplying funds to borrowers who want to purchase or refinance homes.
S&Ls were first established to provide savings and mortgage financing to consumers. These institutions operated under the premise that the deposits they received would be reinvested in the community in the form of mortgage loans.
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true or false: businesses and government care only about long-run economic forecasts, because they cannot adapt policy or output to accommodate short-run fluctuations.
False. Businesses and governments care about both short-run and long-run economic forecasts in order to make informed decisions. Short-run economic forecasts are used to assess current trends, such as GDP growth and unemployment rate, while long-run forecasts are used to anticipate potential changes, such as the effect of government policies. Both forecasts are important to businesses and governments when making decisions.
While long-term economic forecasts are important for businesses and governments to plan for the future, they also take into account short-run fluctuations and adjust their policies and output accordingly. Both businesses and governments need to be able to adapt to changes in the economic environment in the short-term in order to remain competitive and respond to economic shocks or crises. In fact, many economic policies are designed specifically to address short-run fluctuations and stabilize the economy during periods of volatility.
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what is the industry that hartung sees as being instrumental in understanding war? would his analysis fir propoerly within class system theory? why or why not?
Hartung sees the military-industrial complex as being instrumental in understanding war. His analysis does indeed fit properly within class system theory, as it demonstrates how elites hold the power to control nations and their citizens.
The military-industrial complex creates a system where powerful elites are able to control a country's resources and shape its political, economic, and military operations. This system of control is inherently unfair, as the powerful elites benefit while the general public faces the consequences of their decisions.
Furthermore, this complex creates a permanent war economy. It uses the public's resources to enrich the elites, create jobs, and expand the military-industrial complex's interests. This complex creates a self-perpetuating system, in which the powerful elites are able to control the economy and maintain their power. This system of control keeps the population in a state of subjugation and prevents social mobility.
In summary, Hartung's analysis of the military-industrial complex demonstrates how elites hold the power to control nations and their citizens. This system of control creates an inherently unfair and self-perpetuating system which keeps the population in a state of subjugation. It is within this context that class system theory is applicable.
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suppose instead that the equilibrium price of cream cheese has risen but the equilibrium quantity of bagels has fallen. what could be responsible for this pattern: a rise in the price of flour or a rise in the price of milk? illustrate and explain your answer.
The equilibrium price of cream cheese has risen but the equilibrium quantity of bagels has fallen, meaning that the relative demand for cream cheese has increased while the relative demand for bagels has decreased. It is likely that a rise in the price of milk is responsible for this pattern because cream cheese is produced by milk, while bagels are produced by flour.
Let's assume that the price of flour has risen. In this case, cream cheese producers would need to pay more for the same amount of flour and would thus raise the price of cream cheese in order to remain profitable. Consumers, being price sensitive, would then reduce the amount of cream cheese they buy.
As cream cheese is a relatively elastic good, this would result in a rise in the equilibrium price of cream cheese and a fall in the equilibrium quantity of bagels. On the other hand, if the price of milk were to rise, then bagel producers would need to pay more for the same amount of milk, leading to an increase in the price of bagels.
Consumers, being price sensitive, would then reduce the amount of bagels they buy. As bagels are a relatively elastic good, this would result in a fall in the equilibrium price of bagels and a rise in the equilibrium quantity of cream cheese.
Since cream cheese is produced from milk, and bagels are made from flour, a rise in the price of either of these inputs would lead to a shift in the supply curve of both products. A rise in the price of milk would lead to a decrease in the supply of milk, resulting in an increase in the cost of producing cream cheese.
This would cause the equilibrium price of cream cheese to rise. At the same time, the rise in the price of flour would result in a decrease in the supply of flour. This would increase the cost of producing bagels, leading to a decrease in the supply of bagels. This would cause the equilibrium quantity of bagels to fall.
Thus, it is likely that a rise in the price of milk is responsible for this pattern because cream cheese is produced by milk, while bagels are produced by flour.
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amortization is: multiple choice the allocation of the cost of an intangible asset to expense over its estimated useful life. also called depletion. the process of allocating the cost of natural resources to periods when they are consumed. an accelerated form of expensing an asset's cost. the process of allocating to expense the cost of a plant asset to the accounting periods benefiting from its use.
Amortization is the process of allocating to expense the cost of a plant asset to the accounting periods benefiting from its use.
What is Amortization? Amortization is an accounting technique used to gradually reduce the worth of a restricted-life intangible asset by allocating its cost over a fixed period.
It's similar to depreciation for tangible assets like buildings, machinery, and furniture, but it applies to assets that have no physical presence or are hard to measure or quantify, such as patents, copyrights, and goodwill.
The amount of amortization allocated to a particular accounting period is charged to the income statement as an operating expense, lowering profits and taxable income.
Amortization has a positive impact on a company's financial health since it reduces the value of an intangible asset over time, lowering the book value of assets on the balance sheet.
It also reflects the notion of consumption, implying that the intangible asset is gradually being used up, reducing its worth to the company, as well as the underlying concept of matching costs with benefits.
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assume only the specified parameters (that is, variables) change in a sensitivity analysis. if the contribution margin increases by $2 per unit, then operating profits will
If the contribution margin increases by $2 per unit, then operating profits will increase by $2 per unit sold.
Sensitivity Analysis : Sensitivity analysis is a method for determining how different variables affect an outcome in a specific model. A one-way sensitivity analysis determines the impact of changes in a single variable on the outcome.
Operating profits : Operating profit refers to the profit made by an organization after deducting operating expenses. Operating profit is derived by subtracting operating expenses, such as salaries and wages, rent, and utilities, from total revenue.
Contribution margin : Contribution margin is a business accounting term that describes how much revenue a company has left over after paying all variable expenses related to producing or selling a product. It is calculated by subtracting the total variable costs of producing or selling a product from the total sales revenue.
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Auditing:
a. has a logical conclusion
b. has a logical starting point
c. proceeds along established guidelines
d. is unplanned and unstructured
Answer: has a logical conclusion, proceeds along established guidelines.
has a logical starting point.
Explanation: No explanation for this :)
In an aggregate expenditures diagram, equal increases in government spending and in lump-sum taxes will
A)
shift the aggregate expenditures line upward.
B)
reduce the equilibrium GDP.
C)
leave the aggregate expenditures line unchanged.
D)
shift the aggregate expenditures line downward.
In an aggregate expenditures diagram, equal increases in government spending and in lump-sum taxes will leave the aggregate expenditures line unchanged. Option C is correct.
Aggregate expenditure refers to the total amount of goods and services demanded in the economy at any given price level. The aggregate expenditure is a type of demand in macroeconomics that reflects the total amount of goods and services that an economy's citizens want to purchase.
A lump-sum tax is a tax that is imposed at a fixed rate regardless of the taxpayer's income or assets. A lump-sum tax is also referred to as a head tax or a poll tax.
The impact of an increase in government spending and an equal increase in lump-sum taxes on the aggregate expenditures line is that it remains unchanged. Because an increase in government spending would increase the aggregate expenditures line while an increase in lump-sum taxes would decrease it, they balance each other out, resulting in no net change in the aggregate expenditures line.
Thus, option C is correct.
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