Answer:
Traditional MPA
Integrated MPA
ECON-MPA
Explanation:
The details of the three types of MPA program are mentioned below:
Traditional MPA
This is a one year program (Minimum) and is available to those who hold bachelor's degree in any discipline. This program does not require any prior work experience.
Integrated MPA
Program designed for McCombs undergraduates. in this pathway students earn their Bachelors and Masters (MPA) in just five years, saving them both time and money.
ECON-MPA
This program is developed for current UT undergraduates in economics. This helps them earn a Bachelors degree in economics and MPA degree within their period of study.
For each of the following, indicate whether the idea is most closely associated with the first industrial revolution, the second industrial revolution, neither, or both. Mechanization The possibility of traveling from coast to coast in the US in under a week Feedback loops
1. First Industrial Revolution The internet
2. Second Industrial Revolution The flying shuttle
3. Neither The steam engine
4. Both Railroads Telegraph A technological (as opposed to political) revolution
Answer:
The possibility of traveling from coast to coast in the US in under a week ⇒ SECOND INDUSTRIAL REVOLUTIONFeedback loops ⇒ BOTHThe internet ⇒ NEITHERThe flying shuttle ⇒ NEITHERThe steam engine ⇒ FIRST INDUSTRIAL REVOLUTIONRailroads ⇒ BOTHTelegraph ⇒ SECOND INDUSTRIAL REVOLUTION A technological (as opposed to political) revolution ⇒ SECOND INDUSTRIAL REVOLUTIONExplanation:
The first industrial revolution took place between 1760-1830 (roughly) and its main characteristics were the industrialization of production processes using stream power.
The second industrial revolution took place between 1870-1914 (beginning of WWI). Production processes were enhanced as well as the production of steel. Even though some systems were invented much earlier, during the second industrial revolution they became "popular" and were adopted in many places and became common things, e.g. railroad networks, telegraph and telephone, water systems, sewage, electricity, and even pencils.
Wyly Inc. produces and sells a single product. The selling price of the product is $215.00 per unit and its variable cost is $66.65 per unit. The fixed expense is $405,099 per month. The break-even in monthly dollar sales is closest to:______.
a. $1,306,771.
b. $901,672.
c. $587,100.
d. $405,099.
Answer:
c. $587,100.
Explanation:
The computation of the break even sales in dollars is shown below:
Break Even Sales = Fixed Cost ÷ Contribution Margin Ratio
where,
Fixed cost is $405,099
And, the contribution margin ratio is
= (sales price - variable cost) ÷ sales price
= ($215 - $66.65) ÷ $215
= 69%
Now placing these above formulae to the given formula
= $405,099 ÷ 0.69
= $587,100
Hene, the correct option is c. $587,100
The debt-to-equity ratio for your small business was 1.40 at the end of last year and 1.25 at the end of this year. Your debt-to-equity ratio is:_________
Answer:
The debt to equity ratio is 1.25
Explanation:
The computation of the debt to equity ratio is shown below:
Debt to equity ratio = Debt ÷ equity
Given that
Last year debt to equity ratio = 1.40
And, this year the debt to equity ratio = 1.25
Based on the above information, the debt to equity ratio is 1.25
As we can assume that the question ask for the current year so the debt to equity ratio is 1.25
It also shows the relationship between the debt and equity
A correlation coefficient of zero indicates Question 38 options: a) there is no correlation and no risk reduction when the projects are combined. b) the projects have the same expected value. c) there is no correlation, but there is some risk reduction when the projects are combined. d) the projects have the same standard deviation.
Answer: c) there is no correlation, but there is some risk reduction when the projects are combined.
Explanation:
The correlation coefficient measures the relationship between the movement of two assets. If they are positively correlated, the assets will move in the same direction. If they are negatively correlated, the assets will move in opposite directions.
When the correlation is zero though then there will be no correlation. That does not mean that there will be no risk attached however because investing in both can still lead to a loss if both assets are affected by the same event.
The only riskless investment would be those that are perfectly negatively correlated because then you would be sure that when one makes a loss in one, a gain will definitely be made in the other.
The practical definition of a marketing manager is one of a person focused entirely on finding enough customers to buy the company's current output.
Answer:False
Explanation:
Marketing managers are not entirely focused on just finding enough customers to buy a company's current output. They are to market the firm as a whole. Their purpose is to increase the brand awareness of the company such that they will attract more customers to purchase the goods that the company sells.
Select the best description of the incentive for each of the following participants based on the current U.S. health care system.Consumers will ______________a. request the fewest treatments to save timeb. have no incentive to consume more or less medical carec. request as much treatment as possible to maximize healthcare benefitsProducers will _______________a. have no incentive to consume more or less medical careb. prescribe as much treatment as possible to increase profitc. prescribe fewer visits and procedures to save timeIntermediaries will ______________a. have no incentive to consume more or less medical careb. allow as few treatments as possible to maximize profitc. allow any treatment that might be possibly help a patient
Answer:
Select the best description of the incentive for each of the following participants based on the current U.S. health-care system:
Consumers will ______________
c. request as much treatment as possible to maximize healthcare benefits
Producers will _______________
b. prescribe as much treatment as possible to increase profit
Intermediaries will ______________
b. allow as few treatments as possible to maximize profit.
Explanation:
The current US healthcare system is acclaimed worldwide as very expensive. It is controlled by capitalistic tendencies where healthcare providers are more interested in maximising their profits rather than maximizing healthcare benefits. Since the US government does not provide health benefits to citizens or visitors, the costs for rendering healthcare are not being monitored and controlled. Unfortunately, to see your primary care provider (PCP), it may take several days before you are attended to after booking an appointment with the organization. The only rescue available these days is the technological innovation provided by telemedicine.
A company purchased $9,700 of merchandise on June 15 with terms of 3/10, n/45. On June 20, it returned $485 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it was entitled to. The cash paid on June 24 equals:______.
a. $7,968.
b. $8,342.
c. $7,925.
d. $8,170.
e. $8,600.
Answer: answer is not in the option.
The cash paid on June 24 equals $8,939
Explanation:
Amount due to be paid = Cost of Goods purchased - Cost of goods returned on June 20
= 9,700 - 485
= $ 9,215
Discount 0f 3% in 10 days = amount due x Discount percentage
= 9,215 x 3% ( 0.03)
= $ 276.45
Payment to be made on June 24 = Cash amount due - Discount amount
= 9,215 - 276.45
= $ 8938.55 ≈$8,939
produces class rings. Its best-selling model has a direct materials standard of grams of a special alloy per ring. This special alloy has a standard cost of per gram. In the past month, the company purchased grams of this alloy at a total cost of . A total of grams were used last month to produce rings. Read the requirementsLOADING.... Requirement 1. What is the actual cost per gram of the special alloy that purchased last month? (Round your answer to the nearest cent.) The actual cost per gram of the special alloy that Collegiate Rings purchased last month is $
Complete Question:
Collegiate Rings produces class rings. Its best-selling model has a direct materials standard of 8 grams of a special alloy per ring. This special alloy has a standard cost of $65.40 per gram. In the past month, the company purchased 8,700 grams of this alloy at a total cost of $567,240. A total of 8,300 grams were used last month to produce 1,000 rings. Read the requirements. Requirement 1. What is the actual cost per gram of the special alloy that Collegiate Rings purchased last month? (Round your answer to the nearest cent.) The actual cost per gram of the special alloy that Collegiate Rings purchased last month is $
Answer:
Collegiate Rings
The actual cost per gram of the special alloy that Collegiate Rings purchased last month is $65.20
Explanation:
Calculations:
Actual Cost per gram of special alloy = Total Actual Cost/Total Actual Quantity
= 567,240/8,700 grams
= $65.2
This value represents the cost of the special alloy per gram. It is obtained as calculated above. Price or cost per unit is always equal to the actual cost divided by the total quantity. The actual cost will be equal to the price charged by the supplier less any discounts or special allowances.
Minor Electric has received a special one-time order for 600 light fixtures (units) at $8 per unit. Minor currently produces and sells 3,000 units at $9.00 each. This level represents 75% of its capacity. Production costs for these units are $9.00 per unit, which includes $6.00 variable cost and $3.00 fixed cost. To produce the special order, a new machine needs to be purchased at a cost of $550 with a zero salvage value. Management expects no other changes in costs as a result of the additional production. If Minor wishes to earn $850 on the special order, the size of the order would need to be:
Answer:
700 units
Explanation:
Calculation for the what the size of the order will be.
Using this formula
Unit to sell= Total additional fixed costs + desired profit / Contribution margin per unit=
Let plug in the formula
Units to sell=$550 + $850 / (8-6)
Units to sell= $1,400/2
Units to sell=700 units
Therefore the size of the order will be 700 units
"A couple wants to invest for the college education of their 2 children, currently ages 1 and 3. They estimate they will need to start using the funds to pay for college in 15 years. The BEST recommendation is to invest in:"
Answer: b. 10 year treasury notes
Explanation:
All options listed are backed by the US Government so the couple will not have to worry about any of these options not paying them in time for their kids to go for college.
The best option would be the 10 year Treasury notes because the other options either mature way sooner than the 15 required years ( treasury bills mature in a year) or after the required 15 years ( 20 and 30 year treasury bonds).
When the 10 year note matures in 10 years, the proceeds if not enough, can be further invested in a 5 year note thereby ensuring that the payment for college will be received in 15 years.
The last four years of returns for a stock are as follows: Year 1 2 3 4 Return −4.5% 28.1% 12.2% 3.7% a. What is the average annual return? b. What is the variance of the stock's returns? c. What is the standard deviation of the stock's returns?
Answer:
a. What is the average annual return?
average annual return (mean) = (-4.5% + 28.1% + 12.2% + 3.7%) / 4 = 9.875%
b. What is the variance of the stock's returns?
variance = [(-4.5% - 9.875%)² + (28.1% - 9.875%)² + (12.2% - 9.875%)²) + (3.7% - 9.875%)²] / 4 = (206.64 + 332.15 + 5.41 + 38.13) / 4 = 582.33 / 4 = 145.5825
c. What is the standard deviation of the stock's returns?
standard deviation = √145.5825 = 12.06%
g A machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $50,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is: Group of answer choices
Answer: $50,000
Explanation:
From the question, we are informed that a machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $50,000 cash.
The amount that should be reported as a source of cash under cash flows from investing activities will be $50,000. It should be noted that only cash effects of transaction has to be added to the cash flow statement.
Question 2 options: Use the following total product schedule as a resource to answer questions a, b, and c. Assume that the quantities of other resources the firm employs remain constant. Total Product Schedule Number of Workers Total Product 0 0 1 15 2 28 3 38 4 43 5 46 Instructions: Enter all values as whole numbers (no decimal places). a) If the firm's product sells for a constant $2 per unit, what is the marginal revenue product of the second worker
Answer:
The marginal revenue product (MRP) = $26 (13 x $2).
Explanation:
a) Data and Calculations:
Total Product Schedule
Number of Total Marginal Selling Total Marginal
Workers Product Product Price Revenue Revenue
0 0 0 $2 $0 $0
1 15 15 $2 $30 $30
2 28 13 $2 $56 $26
3 38 10 $2 $76 $20
4 43 5 $2 $86 $10
5 46 3 $2 $92 $6
b) The marginal revenue product is calculated by multiplying the marginal physical product (MPP) of the second worker by the marginal revenue (MR) $2 selling price.
Timberly Construction negotiates a lump-sum purchase of several assets from a company that is going out of business. The purchase is completed on January 1, 2015, at a total cash price of $820,000 for a building, land, land improvements, and four vehicles. The estimated market values of the assets are building, $492,900; land, $260,400; land improvements, $55,800; and four vehicles, $120,900. The company’s fiscal year ends on December 31. Required: 1.1 Prepare a table to allocate the lump-sum purchase price to the separate assets purchased. 1.2 Prepare the journal entry to record the purchase. 2. Compute the depreciation expense for year 2015 on the building using the straight-line method, assuming a 15-year life and a $32,000 salvage value. (Round your answers to the nearest whole dollar.) 3. Compute the depreciation expense for year 2015 on the land improvements assuming a five-year life and double-declining-balance depreciation.
1.1
Prepare a table to allocate the lump-sum purchase price to the separate assets purchased.
1.2
Prepare the journal entry to record the purchase.
2. Compute the depreciation expense for year 2015 on the building using the straight-line method, assuming a 15-year life and a $32,000 salvage value. (Round your answers to the nearest whole dollar.)
3.
Compute the depreciation expense for year 2015 on the land improvements assuming a five-year life and double-declining-balance depreciation.
Answer:
1.1) asset FMV purchase price
building $492,900 $434,600
land $260,400 $229,600
land improvements $55,800 $49,200
four vehicles $120,900 $106,600
total $930,000 $820,000
1.2) January 1, 2015, assets purchased
Dr Building 434,600
Dr Land 229,600
Dr Land improvements 49,200
Dr Vehicles 106,600
Cr Cash 820,000
2) depreciation expense (building) for 2015 = ($434,600 - $32,000) / 15 = $26,840 per year
3) depreciation expense (land improvements) for 2015 = $49,200 x 2 x 1/5 = $19,680
Explanation:
total cash $820,000:
FMV building $492,900, ($492,900/$930,000) x $820,000 = $434,600
FMV land $260,400, ($260,400/$930,000) x $820,000 = $229,600
FMV land improvements $55,800, ($55,800/$930,000) x $820,000 = $49,200
FMV four vehicles $120,900, ($120,900/$930,000) x $820,000 = $106,600
total FMV = $930,000
As a comparable, an expired listing can be a useful indicator of a listing period that was too short. a listing price that was too high for the market. a seller who was flexible. a property that was not as good as its competitors.
Answer: a listing price that was too high for the market.
Explanation:
An expired listing occurs when the house for sale was not sold in the time period that was allowed by the contract between the house owner and the sales agent.
If this was to happen then it could be because prospective buyers deemed the house to be worth less than it was being offered for and so did not buy it. Both the seller and the agent can learn from this as it very much could be an indicator that the listing price was too high for the market.
A student goes into Amazon to purchase a biology textbook that was published by McGraw-Hill Higher Education and then sold to Amazon through a book wholesaler. In this marketing channel, Amazon would best be classified as a
Answer:
Virtual retailer, is the right answer.
Explanation:
A virtual retailer is a correct answer because the supply chain includes that manufacturer manufacture the product and then the whole seller sells the product to the retailer. Here the same trend can be seen that the McGraw-Hill publish a book so this company is a manufacturer and the last step from where the consumer to buy the commodity is the amazon. So amazon is classified as a virtual retailer.
Mia has an outside basis of $50,000 in the Brimstone Partnership, including her share of liabilities of $25,000. In a liquidating distribution, she receives cash of $10,000 and inventory worth $8,000 (inside basis to Brimstone of $20,000). What is Mia's recognized gain or loss on the liquidation and basis in the property received
Answer:
No gain or loss, Cash basis $10,000, Inventory $15,000
Explanation:
Calculation for Mia’s recognized gain or loss
First step is to calculate for Mia outside adjusted basis
Using this formula
Outside adjusted basis=Outside basis - Liabilities
Let plug in the formula
Outside adjusted basis=$50,000 - $25,000
Outside adjusted basis= $25,000
Second step is to calculate for Mia Gain or loss
Using this formula
Gain/Loss=Outside adjusted basis- Cash received - Inside basis
Let plug in the formula
Gain/Loss =$25,000 -$10,000 -$20,000
Gain/Loss = ($5,000)
Since Mia had ($5,000) this means Mia has no gain or loss
Last step is to calculate for Mia Inventory
Using this formula
Inventory = Cash + Gain/Loss
Let plug in the formula
Inventory =$10,000 + $5,000
Inventory = $15,000
Therefore Mai has NO gain or loss, Cash basis amount of $10,000 and Inventory amount of $15,000
Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prior year were inventory, $52,900; total assets, $189,400; common stock, $89,000; and retained earnings, $37,429).
CABOT CORPORATION
Income Statement
For Current Year Ended December 31
Sales $449,600
Cost of goods sold 297,950
Gross profit 151,650
Operating expenses 98,800
Interest expense 4,000
Income before taxes 48,850
Income tax expense 19,679
Net income $29,171
CABOT CORPORATION
Balance Sheet December 31
Assets Liabilities and Equity
Cash $14,000 Accounts payable $17,500
Short-term investments 9,200 Accrued wages payable 4,000
Accounts receivable, net 32,600 Income taxes payable 4,700
Merchandise inventory 42,150 Long-term note payable, secured by
mortgage on plant assets 71,400
Prepaid expenses 2,950 Common stock 89,000
Plant assets, net 152,300 Retained earnings 66,600
Total assets $253,200 Total liabilities and equity $253,200
Required:
Compute the following:
1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventory, (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) return on common stockholders' equity.
Answer:
1) current ratio = current assets / current liabilities = $100,900 / $26,200 = 3.85
(2) acid-test ratio = (current assets - inventory) / current liabilities = $58,750 / $26,200 = 2.24
(3) days' sales uncollected = (average accounts receivable / net credit sales) x 365 days = ($32,600 / $449,600) x 365 days = 26.47 days
(4) inventory turnover = COGS / average inventory = $297,950 / $47,525 = 6.27
(5) days' sales in inventory = (average inventory / COGS) x 365 = ($47,525 / $297,950) x 365 = 58.22 days
(6) debt-to-equity ratio = debt / equity = $97,600 / $155,600 = 0.63
(7) times interest earned = EBIT / interest expenses = $52,850 / $4,000 = 13.21
(8) profit margin ratio = net income / total sales = $29,171 / $449,600 = 6.49%
(9) total asset turnover = net sales / average total assets = $449,600 / $221,600 = 2.03
(10) return on total assets = EBIT / average total assets = $52,850 / $221,600 = 23.85%
(11) return on common stockholders' equity = net income / average equity = $29,171 / $141,014.50 = 20.69%
Current year-end financial statements of Cabot Corporation follow :
1) Current ratio = Current Assets / Current Liabilities
Current Ratio = $100,900 / $26,200
Current Ratio= $ 3.85
(2) Acid Test Ratio = (Current Assets - Inventory) / Current Liabilities)
Acid Test Ratio = $58,750 / $26,200
Acid Test Ratio =$2.24
(3) Days' Sales Uncollected = (Average Accounts Receivable / Net Credit Sales) x 365 days
Days' Sales Uncollected = ($32,600 / $449,600) x 365 days
Day's Sales Uncollected = 26.47 days
(4) Inventory Turnover = COGS / Average Inventory
Inventory Turnover = $297,950 / $47,525
Inventory Turnover = $ 6.27
(5) Days' Sales in Inventory = (Average Inventory / COGS) x 365
Days' Sales Inventory = ($47,525 / $297,950) x 365
Days' Sales Inventory = 58.22 days
(6) Debt-to-Equity Ratio = Debt / Equity
Debt to Equity Ratio= $97,600 / $155,600
Debt to Equity Ratio = $ 0.63
(7) Times Interest Earned = EBIT / Interest Expenses
Times Interest Earned= $52,850 / $4,000
Times Interest Earned= $ 13.21
(8) Profit Margin Ratio = Net Income / Total Sales
Profit Margin Ratio = $29,171 / $449,600
Profit Margin Ratio= 6.49%
(9) Total Asset Turnover = Net Sales / Average Total Assets
Total Asset Turnover = $449,600 / $221,600
Total Asset Turnover= $ 2.03
(10) Return on Total Assets = EBIT / average total assets
Return on Total Assets = $52,850 / $221,600
Return on Total Assets = 23.85%
(11) Return on Common Stockholders' Equity = net income / average equity Return on Common Stockholders' Equity= $29,171 / $141,014.50
Return on Common Stockholders' Equity= 20.69%
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The manufacturing costs of Ackerman Industries for the first three months of the year follow:
Total Costs Units Produced
January $1,900,000 20,000 units
February 2,250,000 27,000
March 2,400,000 30,000
Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar.
a. Variable cost per unit $
b. Total fixed cost $
Answer:
a. $50
b. $500,000
Explanation:
The computation of the fixed cost and the variable cost per unit by using high low method is shown below:
a. Variable cost per unit = (High total cost - low total cost) ÷ (High number of units produced - low number of units produced)
= ($2,400,000 - $1,900,000) ÷ (30,000 units - 20,000 units )
= $500,000 ÷ 10,000 units
= $50
b. Now the fixed cost equal to
= High total cost - (High number of units produced × Variable cost per unit)
= $2,400,000 - (30,000 units × $50)
= $2,400,000 - $1,500,000
= $900,000
Which of the following is a condition that triggers the penalty for negligence or intentional disregard? 1) the taxpayer understates their tax by the larger of $5,000 or 10% of the correct tax. 2) the taxpayer shows negligence or disregard of the rules or regulations, causing an underpayment. 3)The taxpayer fails to pay the tax owed by the due date. 4) the taxpayer fails to file the return by the due date, and there is balance due.
Answer:
2) the taxpayer shows negligence or disregard of the rules or regulations, causing an underpayment.
Explanation:
When any taxpayer shows some negligence or if they disregard the rules and the regulations, causing an underpayment, then it leads to a penalty for the disregard or the negligence.
Also, when a taxpayer intentionally understates his or her tax by a larger of $5000 or a 10% of his / her correct tax, then it is an accuracy related penalty.
And, also the information related penalties which are levied for failure of taxpayer to pay the amount of tax owed by due date and also failure to filing the return by the due date.
Thus option (2) is correct.
A bond pays annual interest. Its coupon rate is 8.5%. Its value at maturity is $1,000. It matures in 4 years. Its yield to maturity is currently 5.5%. The duration of this bond is _______ years. Multiple Choice 4.00 3.39 3.58 3.17
Answer:
4.00
Explanation:
The duration of the bond is the length of time that it takes for the coupons and the price of bond to reach the value of the bond that is the bond maturity.
A bond issue with a face amount of $400,000 bears interest at the rate of 8%. The current market rate of interest is 9%. These bonds will sell at a price that is:
The question is incomplete. The complete question is,
A bond issue with a face amount of $400,000 bears interest at the rate of 8%. The current market rate of interest is 9%. These bonds will sell at a price that is:
More than $400,000.
Equal to $400,000.
Less than $400,000.
The answer cannot be determined from the information provided.
Answer:
The bond sells at a price less than $400000
Explanation:
The coupon rate of bonds is the interest rate at which the bond will pay the interest. When the coupon rate of a bond is less than the market interest rate or the Yield to Maturity (YTM), the bond sells at a discount in the market. On the other hand, if the coupon rate of bond is greater than the market interest rate, the bond sells at a premium.
As the coupon rate of the given bond is 8% which is less than the market interest rate of 9%, the bond sells at a discount. Thus, the price at which the bond sells is less than $400000.
a customer has invested 20000 in a variable annuity. in the first year nav increases to 21100 at what rate wsill 1100 gain be taxed
Answer: 0%
Explanation:
The $20,000 contribution to the variable annuity is not taxed and neither is the gain, at least not yet.
With the variable annuity, the gains/earnings will be tax-deferred and the customer will only have to pay taxes when they withdraw the contributions.
When this happens they will be charged at the normal income tax rate.
The amortization of bond premium on long-term debt should be presented in a statement of cash flows (using indirect approach for operating activities) as a(n):________.
A. Deduction from net income.
B. Addition to net income.
C. Financing activity.
D. Investing activity.
Answer:
Option A: deduction from net income
Explanation:
Bonds are usually known as loans and most times also as IOUs.
Most times, bonds when they are been sold at a discount or premium, the interest expense for that duration/ period will not be the same as it differ from the change in cash resulting from payment of interest expense.
And also, If premium is amortized, the interest expense that is been included in income determination is not that big like the interest paid or becoming payable in the period. Due to the cash outflow is larger than the deduction in arriving at net income, a deduction from net income is necessary to know cash provided by operating activities usually when using the indirect approach of presenting cash flows from operating activities.
The demand curve for the product of a firm in a competitive market is ________, and the demand curve for the product of a monopolist is ________. Group of answer choices
Answer: Perfectly elastic; Downward sloping
Explanation:
The demand curve for the product of a firm in a competitive market is Perfectly elastic, and the demand curve for the product of a monopolist is Downward sloping.
The demand curve for products in a perfectly competitive market is a horizontal line indicating that it is perfectly elastic. The reason for this being that the demand curve is also the price that the market has decided to sell a product at and if any seller was to deviate from this price, their demand would drop.
In a Monopoly however, the demand curve to downward sloping to indicate that customers will demand more products if prices are lower. This is why monopolies usually have to reduce prices to make more revenue.
The profit-maximizing output level is 4 units. 4.5 units. 2.5 units. 3 units. b. The profit-maximizing price is $14.30. $25. $40. $32.50. c. The firm has an economic profit of -$30.00. $0. $30.00. $45.50. $18.75. d. If the firm was forced to charge a price that resulted in allocative efficiency, this price would be $20. $14.30. $32.50. $25. e. If the firm was forced to charge a price that resulted in productive efficiency, the output level would be 4 units 2.5 units 0 units 4.5 units
Please see full Question attached Answer and Explanation:
A. Answer A : profit is maximised at output level 2.5 units where marginal revenue(MR) equal to marginal cost(MC)
B. Answer A: Profit is maximised at price $40 where the demand curve matches marginal revenue and marginal cost .
C. Answer C : Economic profit is equal to zero .
D. Answer D. Allocative efficiency is achieved where demand is equal to marginal cost. Level of output at this point is equal price at $25
E. Answer C. Efficient level of output is achieved where average total cost is lowest. From the diagram average total cost is lowest at output level 4.5 units.
The role of the government in establishing how private business can operate includes all of the following except:a)providing legal frameworkb)PROVIDING RAW MATERIAL TO BUSINESSc)protecting the environmentd)protecting consumers
Answer: providing raw material to business
Explanation:
It should be noted that the government of every economy plays a major role regarding the operations of businesses. The role of the government in establishing how private business can operate include providing legal framework, protecting the environment and also protecting th consumers.
It is not the role of the government to provide raw materials for industries.
McQuilkin and Copan adopt different positions toward capitalism and socialism. Which author is more favorable to free market capitalism
Answer:
Paul Copan
Explanation:
Dr. Robertson McQuilkin can be considered a very biblical man, and as such, would always favor socialism more than free market capitalism. His phrase "Capitalism is for freedom, socialism is for equality" and the fact that he believed in a strict following of the Bible, you make him a more socialist person.
Dr. Paul Copan is also a very religious man, but his views are less extreme than Dr. McQuilkin's. He is more pragmatic and argues in favor of religion from a more neutral or agnostic point of view. He even argues that religious beliefs and economics are not mutually exclusive.
As a preferred stockholder, you are entitled to numerous preferences and privileges over common stockholders. If you are a preferred stockholder of a company that has fallen on economic hardship and is likely to go bankrupt, which preference or privilege of preferred stock is going to be most useful to you
Answer:
asset distribution preference
Explanation:
In such a situation the preference or privilege that would be best for you is known as asset distribution preference or liquidation preference. This is a clause that dictates that the payout in case of a corporate liquidation (such as when they are about to go bankrupt) must first go to the preferred stockholders in order for them to get their money back first. Therefore, since you are a preferred stockholder this would be the biggest privilege for you, allowing you to recover your money quickly and move on to something else.
tahir owns and operates a gym. In 2020, he purchased and placed the following new assets into service for his business: March 17, a $1,700 sound system; July 4, a $500 desk; September 2, a $2,000 computer. He did not opt out of bonus depreciation. What is the total 2020 depreciation for the desk
Answer:
$500
Explanation:
Since the Cost of the desk is $500
Also Tahir did not pt out for the bonus depreciation so in this case the 100% cost to be claimed as the bonus depreciation for the year 2020 with respect to the qualifying assets that are purchased in the year 2020
Hence, the total depreciation for the desk in the year is $500 and the same is to be considered