After reading this chapter, my understanding of monopolies has deepened, particularly in terms of their creation and regulation.
Previously, I may have seen monopolies as inherently negative entities that restrict competition and potentially harm consumers.
However, now I recognize that there are instances where government intervention creates regulated monopolies for specific reasons.
An example of a regulated monopoly is a public utility company, such as an electricity provider. The government grants monopoly status to these firms due to the high initial costs associated with infrastructure development and the importance of ensuring a stable, reliable service for consumers.
By limiting the market to a single provider, the government can more effectively regulate the quality and price of the essential service.
In this case, granting monopoly status may be a good decision, as it allows for the efficient use of resources, avoids duplication of infrastructure, and enables more effective oversight.
However, one potential downside is the risk of complacency and lack of innovation due to the absence of competition.
If other firms were allowed to enter the market, it is possible that prices might initially fall as new competitors try to establish a customer base.
However, this could also lead to unsustainable price wars, compromised service quality, and increased costs associated with the redundant infrastructure.
In the long run, the best approach for maintaining affordable prices and high-quality service might be a well-regulated monopoly, as opposed to unrestricted competition in such an essential sector.
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3 Prepare an income statement for Jones Co. for the year ending December 31, 2018, using the following data.
Cash 8,000
Miscellaneous Expense 100
Wages Expense 150
Rent Expense 200
Fees Earned 11,000
Office Expense 200
Accounts Payable 3,000
The net income for Jones Co in 2018 equals $18,350.
What is income statement?The financial statement shows a company's revenues, expenses and profitability over a period of time. Its computes the revenue from selling products or services and expenses to generate the revenue and manage your business.
The income statement for the year ending December 31, 2018 is prepared as follows:
Income Statement
Revenue
Cash 8,000
Fees Earned 11,000
19,000
Expenses
Miscellaneous Expense 100
Wages Expense 150
Rent Expense 200
Office Expense 200 650
Net Income $18,350
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YALLL HELPPPP
In what ways would a balanced budget amendment affect mandatory spending ?
Answer:
i hope it helps you :)
Explanation:
A balanced budget amendment is a constitutional rule requiring that a state cannot spend more than its income. It requires a balance between the projected receipts and expenditures of the government. ... The Republican Party has advocated for the introduction of a balanced budget amendment to the U.S. Constitution.
Answer:
To answer this question, we must first understand that this would mean the US or a state is not allowed to spend more than its income. This means that the answer to this question is situational. Typically a balanced budget amendment would be used if a state or country seems like it is about to go into debt due to overspending; thus if you apply this information to the US's situation, then you will get your answer. This answer would most likely be that the US does not need to pass a balanced budget amendment since it doesn't seem to be showing signs of becoming in debt.
Which of these terms means "paying to communicate with potential clients about your company"? A. Customer support. B. Marketing. C. Advertising. D. Community outreach.
Marketing means "paying to communicate with potential clients about your company." The correct answer is option B.
Marketing is the action of selling a product or service. Marketing refers to all of the activities that a company does to increase customer demand for a product or service. This includes advertising, selling, and promoting. Businesses must constantly advertise their products to increase sales, attract new customers, and increase brand awareness. In a nutshell, marketing entails promoting a product or service to consumers.
Marketing is a significant aspect of any business because it helps in expanding the customer base and increasing profits. A company's success depends on how well they can market their products or services. To be effective, marketing must be well-targeted, relevant, and appealing to the target market. A company that markets its goods and services well has a better chance of gaining loyal customers and expanding its reach.
Marketing can take many forms, including advertising, direct marketing, public relations, and online marketing. Marketing activities must be aligned with a company's overall marketing strategy. A well-planned and executed marketing strategy can help businesses achieve their goals.
A strategy will assist you in identifying your target market and how best to communicate with them. In short, marketing is a set of strategies aimed at promoting products or services to consumers through various channels such as advertising, sales promotion, public relations, and direct marketing. Marketing is an essential part of any business, and it helps businesses reach new heights.
Hence, option B is the right choice.
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why do you think that 16 18 year old drivers pay so much more for auto insurance
Insurance companies typically charge higher rates for 16-18 year old drivers because they are considered high-risk drivers.
Statistics show that this age group is more likely to be involved in accidents and get traffic violations than older drivers. Inexperience, distraction, and reckless behavior behind the wheel are some of the reasons why young drivers are more prone to accidents. Insurance providers charge higher premiums to offset the potential cost of claims resulting from these incidents. Factors such as the type of vehicle driven and location also play a role in determining the cost of insurance. However, young drivers can reduce their premiums by maintaining a clean driving record, completing driver training courses, and driving a safe and practical vehicle. Additionally, parents can add their young drivers to their insurance policy to save money and ensure adequate coverage.
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Owners of coffee plantations in the country of Cantonica grow their own coffee beans and supply them to various stores and restaurants all over the country. There are many plantation owners supplying to a huge number of companies, and they are typically unable to differentiate their products from one another. They also do not have the power to fix their own prices in the industry. In addition, these suppliers can only achieve competitive parity and not a competitive advantage. Thus, the coffee bean industry in Cantonica best illustrates a(n) ________ structure.
Answer:
Perfectly competitive structure
Explanation:
Based on the information we can say that the coffee bean industry in Cantonica best illustrates a(n) PERFECTLY COMPETITIVE structure reason been that this type of competitive structure companies can easily produce their own products and as well supply this product to different stores which makes them to have many small firms .
Secondly PERFECTLY COMPETITIVE structure allow owners of plantation to easily supply their product to different companies which which makes it hard for people to easily differentiate these products from one another.
Thirdly in PERFECTLY COMPETITIVE structure the firm involve have little or no right to increase the price of the product.
Therefore the coffee bean industry in Cantonica best illustrates a(n) PERFECTLY COMPETITIVE structure .
born during the great depression, grew from a need to understand the entire economy and to provide guidance on how to manage it. That's the function of:
The function described is macroeconomics - to understand and manage the entire economy and provide guidance on its management.
The description provided suggests the function of a particular institution or framework, which is the field of macroeconomics. Macroeconomics is a branch of economics that studies the behavior and performance of an entire economy, rather than individual markets or businesses.
It emerged during the Great Depression, a period of severe economic downturn that affected many countries around the world, as a response to the need to understand the factors that led to the crisis and to develop policies to address it.
The main objective of macroeconomics is to provide guidance on how to manage the economy as a whole, by analyzing its key components, such as national income, inflation, unemployment, and international trade.
Macroeconomists use various models and theories to study the behavior of these variables and their interactions, and to develop policy recommendations to promote stable and sustainable economic growth.
The role of macroeconomics has become increasingly important in modern times, as economies have become more interconnected and complex, and as new challenges, such as climate change and technological disruption, have emerged.
By providing a framework for understanding and managing the economy, macroeconomics has helped to promote greater prosperity and stability, and to reduce the risk of future economic crises.
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Which principle of operational excellence refers to a long-term approach that favors quality and capabilities over short-term financial goals
Answer: The answer is Business Dictionary defines operational excellence as, “A philosophy of the workplace where problem-solving, teamwork, and leadership results in the ongoing improvement in an organization.
Explanation:
The business dictionary refers to a long-term approach that favors quality and capabilities over short-term financial goals.
What is the business dictionary?Business Dictionary is defined as a free, easy-to-use business vocabulary with over 30,000 definitions covering a wide range of key business issues such as entrepreneurship, management, small company, economics, human resources, recruiting, and corporate strategy.
A long-term approach that prioritizes quality and capability over short-term financial aims, Because your readers may have their own interpretation of the words, or may not be familiar with them at all, the “Definitions of Terms” section guarantees that they comprehend the components of your research in the manner in which you will deliver them.
Therefore, it is a business dictionary.
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A consumer is someone who _____. buys something to use buys from a particular store markets a product crates a product
Answer:
A consumer is one who is the decision maker whether or not to buy an item at the store, or someone who is influenced by advertisement and marketing.
A consumer is someone who decides and buys something to use buys from a particular store markets a product crates a product.
A consumer is a person or a group that is not directly involved in entrepreneurial or business activity and who wants to order or use purchased items, products, or services primarily for domestic, family, social, or personal purposes.
A consumer is anybody who makes use of a good or service. Customers and consumers frequently appear in the same sentence. This is not quite accurate. A buyer of goods or services is referred to as a customer. They might or might not eat them.
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Why is it important to keep your own financial records?
Answer:
You need good records to prepare accurate financial statements. These include income (profit and loss) statements and balance sheets. These statements can help you in dealing with your bank or creditors and help you manage your business
Explanation:
What do you think would happen if the Internet shut down or went away? How would it change the way people live their lives? Do you think this would be mostly positive or mostly negative?
Answer:
Honestly I think it would be mostly negative without the internet, because if the internet got shut down we would not be where we are now today
Explanation:
:)))
FILL THE BLANK. according to the principle of _____, a country that decides to specialize in the production of a particular product must sacrifice the production of another product.
According to the principle of comparative advantage, a country that decides to specialize in the production of a particular product must sacrifice the production of another product.
The principle of comparative advantage is an economic concept that suggests countries should specialize in producing goods or services in which they have a lower opportunity cost compared to other countries. Opportunity cost refers to the value of the next best alternative that must be given up in order to produce a particular good or service. When a country specializes in producing a specific product, it can allocate its resources more efficiently, leading to increased productivity and economic growth. However, this specialization comes at the cost of sacrificing the production of other goods or services for which the country may have had some comparative advantage but chooses not to pursue.
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Which of the following is the easiest and most effective way for a typical firm to decrease its WACC (doesn't mean it will always work, but would forthe median firm and the examples we have looked at)? (HINT: read overthe answers and then look over the WACC formula if you are lost) A. Issue more equity shares via a secondary share issuance and use the proceeds to buyback debt. B. Lowerthe company's risk and start ignoring positive NPV investment projects instead of investing in them. C. Buyback equity shares, and use the proceeds from the equity buyback to pay large executive bonuses. D. Buyback equity shares, and also issue more debt simultaneously.
The easiest and most effective way for a typical firm to decrease its WACC (Weighted Average Cost of Capital) would be option A: "Issue more equity shares via a secondary share issuance and use the proceeds to buyback debt."
Here's an explanation of why this option would be the best choice:
1. WACC is a measure of a company's cost of capital, which is the average rate of return required by investors. It is calculated by taking into account the company's cost of equity and cost of debt, weighted by their respective proportions in the capital structure.
2. By issuing more equity shares and using the proceeds to buyback debt, the firm can reduce its overall debt level. This reduces the cost of debt in the WACC calculation, as the interest expense decreases.
3. Additionally, buying back debt can lead to a decrease in the cost of equity. When a firm has a high debt burden, investors may perceive it as riskier. By reducing debt, the firm becomes less risky, and therefore, investors may require a lower rate of return on equity.
4. Lowering the cost of debt and equity in the WACC calculation will result in a decreased WACC. A lower WACC indicates that the firm can finance its projects at a lower overall cost, which can improve profitability and increase shareholder value.
It's important to note that options B, C, and D would not be effective ways to decrease WACC:
- Option B suggests ignoring positive NPV (Net Present Value) investment projects, which would not be a wise strategy as it could lead to missed growth opportunities and potential loss of profitability.
- Option C suggests using the proceeds from equity buybacks to pay large executive bonuses. This would not directly reduce the cost of capital and could lead to negative perceptions from investors.
- Option D, buying back equity shares and issuing more debt simultaneously, would not be effective in reducing WACC as it would maintain the same overall capital structure and potentially even increase the cost of capital.
In summary, option A (issuing more equity shares via a secondary share issuance and using the proceeds to buyback debt) is the most suitable choice for a typical firm to decrease its WACC.
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In addition to expected starting salary, what other factor(s) do you think are important to consider when making a decision about a college ...
The decisions to also make about a college include distance, extra curricular, accomodations, etc.
What decisions are vital before choosing a college?It should be noted that it's important for one to carefully analyze his options before choosing a college.
In this case, in addition to expected starting salary, decisions to also make about a college include distance, extra curricular, accomodations, etc.
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A lender might investigate a borrower’s personal assets if that borrower was part of which of the following organizations?
General partnership
Corporation
Limited partnership
REIT
In a general partnership, lender checks the personal assets of the borrower.
In a general partnership, the lender checks the personal assets of the borrower.
A general partnership is an organization in which two or more persons come together for the purpose of carrying on a legal business with a view to making a profit. In a general partnership, the lender checks the personal assets of the borrower. In a general partnership, the liability of each partner for the partnership's debts is unlimited. As a result, the lender will investigate the personal assets of all partners in a general partnership in order to determine if they can be used as collateral for the loan.
Personal assets are what the individual partner owns outside of the partnership, such as a car, house, or investments. By checking the personal assets of the borrower, the lender can see if the borrower is in a position to repay the loan if the business fails. This is a critical step in the lending process, as it helps the lender to make a more informed decision about whether or not to approve the loan.
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Please select the word from the list that best fits the definition Enjoy music in their free time
Answer:
Auditory Learners
Explanation:
I got it right on edge 2022.
Use the sum-of-year depreciation method to calculate the depreciation for the
following scenario. Company XYZ bought a new machine for $100,000 and
expects the machine will last for 10 years.
Answer:
20%
Explanation:
How to Calculate Straight Line Depreciation
The straight line calculation steps are:
Determine the cost of the asset.
Subtract the estimated salvage value of the asset from the cost of the asset to get the total depreciable amount.
Determine the useful life of the asset.
Divide the sum of step (2) by the number arrived at in step (3) to get the annual depreciation amount.
Straight Line Example
Company A purchases a machine for $100,000 with an estimated salvage value of $20,000 and a useful life of 5 years.
The straight line depreciation for the machine would be calculated as follows:
Cost of the asset: $100,000
Cost of the asset – Estimated salvage value: $100,000 – $20,000 = $80,000 total depreciable cost
Useful life of the asset: 5 years
Divide step (2) by step (3): $80,000 / 5 years = $16,000 annual depreciation amount
Therefore, Company A would depreciate the machine at the amount of $16,000 annually for 5 years.
The depreciation rate can also be calculated if the annual depreciation amount is known. The depreciation rate is the annual depreciation amount / total depreciable cost. In this case, the machine has a straight-line depreciation rate of $16,000 / $80,000 = 20%.
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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what kind of business organization are caleb and anna operating under now?
Answer:
Sole proprietorship
Explanation:
Sole proprietorship, general partnership or limited partnership
What does it mean return processing has been delayed beyond the normal timeframe?
If return processing has been delayed beyond the normal timeframe, it means that the processing of a returned item or product is taking longer than it typically would under normal circumstances.
The delay could be due to a variety of reasons, such as an unusually high volume of returns, staffing shortages or delays, or technical issues with processing systems.
In general, the normal timeframe for return processing depends on the policies of the retailer or business that the item was purchased from. This timeframe is typically outlined in the retailer's return policy, and can vary depending on factors such as the type of product being returned and the reason for the return.
If return processing is delayed beyond the normal timeframe, it may result in frustration and inconvenience for the customer who is waiting for a refund or replacement. In some cases, the delay may also be indicative of broader issues within the retailer's operations or supply chain, such as inventory management or quality control problems.
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write two differences between simple clock and atomic clock
Answer:
Simple clocks measure time by counting, quartz crystal vibrations or mechanical pendulum oscillations. Atomic clocks measure the oscillations in electron transitions by the radiation emitted in the form of microwave or higher frequency electro magnetic waves.
hope it helps.
Wildhorse Windows manufactures and sells custom storm windows for three-season porches. Wildhorse also provides installation service for the windows. The installation process does not involve changes in the windows, so this service can be performed by other vendors. Wildhorse enters into the following contract on July 1, 2020, with a local homeowner. The customer purchases windows for a price of $2,510 and chooses Wildhorse to do the installation. Wildhorse charges the same price for the windows irrespective of whether it does the installation or not. The customer pays Wildhorse $1,970 (which equals the standalone selling price of the windows, which have a cost of $1,100) upon delivery and the remaining balance upon installation of the windows. The windows are delivered on September 1, 2020, Wildhorse completes installation on October 15, 2020, and the customer pays the balance due. Wildhorse estimates the standalone selling price of the installation based on an estimated cost of $450 plus a margin of 30% on cost. Prepare the journal entries for Wildhorse in 2020.
In 2020, Wildhorse Windows’ journal entries for the given transaction are as follows:Journal entries for Wildhorse Windows Accounts Debit Credit Cash2,510 Sales revenue 2,510(To record sales made on July 1, 2020)
Cost of goods sold 1,100 Inventory1,100(To record the cost of goods sold on July 1, 2020)Cash 1,970 Unearned revenue1,970(To record the receipt of payment from the customer on September 1, 2020)Cost of goods sold1,350Inventory1,350(To record the sale of goods on October 15, 2020)Unearned revenue 900 Installation revenue900(To record the completion of the installation and recognition of revenue on October 15, 2020)
Installation expense 585 Estimated liability for installation 585(To record the estimated installation expenses on October 15, 2020)Accounts receivable 585 Estimated liability for installation 585(To record the billing of the customer for installation services on October 15, 2020)Therefore, the above journal entries represent the transaction that was done by Wildhorse Windows in 2020.
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What are three causes and effects of the haymarket square riot
which policy is appropriate when a rising aggregate price level is a concern but gdp is growing at an acceptable rate?
Contractionary or restrictive monetary policy is appropriate when a rising aggregate price level is a concern but gdp is growing at an acceptable rate.
In order to restrain the expansion of the money supply and slow the pace of the economy, restrictive monetary policy is used. Its primary goal is usually to lower inflation. The terms contractionary and tight monetary policy are also used to describe it. Consumers have a lot of confidence. Family incomes are generally higher. Some buy a brand-new house. Others could invest on a brand-new vehicle or treat themselves to a luxurious getaway. Debt, such as a mortgage, business loan, vehicle loan, or credit cards, is a common way for families and businesses to finance their purchases. Life is, after all, wonderful. They believe their incomes will continue to be high because of the rising aggregate demand in the economy. There is a business boom. Increasing demand for their products and services is their largest issue.
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April is worried that she is not a "good speller," so she plans to let the spelling
checker correct all her mistakes. What would be the most helpful advice for
April?
A. Use a grammar checker with the spelling checker so you do not
have to edit the report.
B. Use the spelling checker and have a co-worker read the report, but
do not try to correct it yourself.
C. Use the spelling checker but also practice editing and have a co-
worker read the report.
D. Do not use a spelling checker at all, because the software makes
too many mistakes.
Answer:
I think that the best advice there is use the spelling checker but also practice editing and have coworker read the report because when he or she reads the report should be able to correct yourself and learn from your mistakes
April can use a spelling checker but also practice editing and have a co-worker read the report. Thus, Option C is correct statement.
What is a spelling checker?
In software, spell checker is a software feature that detects incorrect spelling of text. It ensures that the number of spelling mistakes in the document decreases significantly.
Spell check features are often embedded in software or services, such as word processors, email clients, electronic dictionaries, or search engines.
Thus, April can use a spelling checker but also practice editing and have a co-worker read the report. Thus, Option C is correct statement.
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Problem 3. 1a (algo) using t accounts to record transactions involving assets, liabilities, and owner's equity. Lo 3-1 the following transactions occurred at several different businesses and are not related. Post the following transactions into the appropriate t accounts. Transactions: hunter thompson, an owner, made an additional investment of $23,000 in cash. A firm purchased equipment for $8,600 in cash. A firm sold some surplus office furniture for $1,900 in cash. A firm purchased a computer for $2,300, to be paid in 60 days. A firm purchased office equipment for $9,800 on credit. The amount is due in 60 days. Nancy fowler, owner of fowler travel agency, withdrew $4,600 of her original cash investment. A firm bought a delivery truck for $39,000 on credit; payment is due in 90 days. A firm issued a check for $2,100 to a supplier in partial payment of an open account balance
To record these transactions using T accounts, we need to identify which accounts are affected by each transaction and then record the transaction in the appropriate T account.
T accounts are used to represent the different accounts in a business, such as assets, liabilities, and owner's equity. Each T account has a debit side (left side) and a credit side (right side).
Here is how we would record the transactions mentioned in the question:
Transaction 1: Hunter Thompson made an additional investment of $23,000 in cash.
Cash (Asset) T Account:
Debit: $23,000
Credit: $0
Owner's Equity T Account:
Debit: $0
Credit: $23,000
Transaction 2: A firm purchased equipment for $8,600 in cash.
Cash (Asset) T Account:
Debit: $0
Credit: $8,600
Equipment (Asset) T Account:
Debit: $8,600
Credit: $0
Transaction 3: A firm sold some surplus office furniture for $1,900 in cash.
Cash (Asset) T Account:
Debit: $1,900
Credit: $0
Office Furniture (Asset) T Account:
Debit: $0
Credit: $1,900
Transaction 4: A firm purchased a computer for $2,300, to be paid in 60 days.
Computer (Asset) T Account:
Debit: $2,300
Credit: $0
Accounts Payable (Liability) T Account:
Debit: $0
Credit: $2,300
Transaction 5: A firm purchased office equipment for $9,800 on credit. The amount is due in 60 days.
Office Equipment (Asset) T Account:
Debit: $9,800
Credit: $0
Accounts Payable (Liability) T Account:
Debit: $0
Credit: $9,800
Transaction 6: Nancy Fowler withdrew $4,600 of her original cash investment.
Cash (Asset) T Account:
Debit: $0
Credit: $4,600
Owner's Equity T Account:
Debit: $4,600
Credit: $0
Transaction 7: A firm bought a delivery truck for $39,000 on credit; payment is due in 90 days.
Delivery Truck (Asset) T Account:
Debit: $39,000
Credit: $0
Accounts Payable (Liability) T Account:
Debit: $0
Credit: $39,000
Transaction 8: A firm issued a check for $2,100 to a supplier in partial payment of an open account balance.
Cash (Asset) T Account:
Debit: $0
Credit: $2,100
Accounts Payable (Liability) T Account:
Debit: $2,100
Credit: $0
By recording these transactions in the appropriate T accounts, we can see the changes in the different accounts and how they affect the overall financial position of the business.
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Fifty-five percent of the applications received for a particular credit card are accepted. Among the next twelve applications, what is the probability that exactly 4 will be accepted?
The probability that exactly 4 out of the next 12 applications will be accepted is approximately 0.1147.
The probability of exactly 4 out of the next 12 applications being accepted can be calculated using the binomial distribution. The binomial distribution is used to model the number of successes in a fixed number of independent trials, where each trial has only two possible outcomes (success or failure) and the probability of success is the same for each trial.
In this case, each application is a trial, and the outcome is either accepted (success) or not accepted (failure). The probability of success (an application being accepted) is 0.55. The number of trials is 12 (the next 12 applications).
The probability mass function for the binomial distribution is given by the formula: \(P(X = k) = \binom{n}{k} \cdot p^k \cdot (1 - p)^{n - k}\), where n is the number of trials, k is the number of successes, p is the probability of success, and (n choose k) = n! / (k! × (n - k)!).
Plugging in the values for this problem, we get: P(X = 4)
= \(\binom{12}{4} \cdot 0.55^4 \cdot (1-0.55)^{12-4}\)
= 0.1147.
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One benefit of a savings account is that you can earn interest on your deposits
O True
O False
Answer:
O True
Explanation:
A savings account offers a safe and secure platform for firms and households to save money. Savings accounts are offered by financial institutions such as banks and credit unions. When customers open savings accounts, they save by depositing money in their savings accounts.
Banks and credit unions require customer deposits to create loans for other customers. They encourage customers to save by offering interest on savings or deposits. It is true that banks pay interest on customer savings.
b brothers, Steven and Walter, each inherit $40000. Steven invests his inheritance in a savings account with an annual return of 2.8%, while Walter invests his heritance in a CD paying 5.9% annually. How much more money than Steven does Walter have after 1 year?
After 1 year, Walter will have more money than Steven. Assuming no additional contributions or withdrawals, with a 2.8% annual return, Steven's inheritance will grow to $41,120, while Walter's inheritance will grow to $42,360 with a 5.9% annual return.
Steven's inheritance, invested in a savings account with a 2.8% annual return, will grow over the course of 1 year. To calculate the final amount, we multiply the initial amount by 1 plus the interest rate:
Steven's Final Amount = $40,000 * (1 + 0.028)
Steven's Final Amount = $40,000 * 1.028
Steven's Final Amount = $41,120
Walter's inheritance, on the other hand, is invested in a CD with a 5.9% annual return. Similarly, we can calculate the final amount:
Walter's Final Amount = $40,000 * (1 + 0.059)
Walter's Final Amount = $40,000 * 1.059
Walter's Final Amount = $42,360
After 1 year, Walter will have $42,360, while Steven will have $41,120. Therefore, Walter will have $1,240 more than Steven.
It's important to note that this calculation assumes no additional contributions or withdrawals during the year and that the interest rates remain constant. Additionally, the actual returns may be subject to taxes or fees depending on the specific investment
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Which of the following will cause an increase in Supply for the Short-Run Macroeconomic model?
A. Lower prices will increase the demand.
B. Higher prices to encourage competition.
C. The addition of only highly skilled workers.
Higher Prices can encourage competition and cause an increase in the supply for the Short-run Macroeconomic model. Therefore, Option B is the correct choice.
How supply can be increased in the short run?In the marketplace model, supply slopes up due to the profit purpose of individual firms. If a corporation receives a better price, they'll make a higher profit via way of means of selling more, so the quantity supplied will increase while the price will increase.
Therefore, Higher Prices can encourage competition and cause an increase in the supply for the Short-run Macroeconomic model. Therefore, Option B is the correct choice.
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How do individuals & business benefit from
economic freedom?
Answer:
The benefit are
1. free markets,
2. rule of law,
3. protection of private property,
and
4. open trade—
that boost prosperity and reduce costs
Explanation:
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