On the graph, we will adjust the supply and demand curves to illustrate the decrease in the price of calzones by making the supply curve shifts to the right.
What happen when supply curve shifts to the right?When the supply curve shifts to the right, its means that there is an increase in the change in supply.
Hence, the increase in the change in supply makes price of product reduces at there is enough availability of the product.
In conclusion, we will adjust the supply and demand curves to illustrate the decrease in the price of calzones by making the supply curve shifts to the right.
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Dribbling in field hockey is when you.
Answer:
Dribbling is a technique used in field hockey to move the ball forward using small touches with a hockey stick.
(214) 1. Distinguish between technical efficiency and allocative efficiency. Use the two concepts of efficiency to compare a perfect market structure with a monopoly.
Technical efficiency refers to the ability to produce the maximum output from a given set of inputs or resources. It focuses on the production process and achieving the highest output level with the least amount of resources wasted. Technical efficiency emphasizes optimizing the production process to minimize costs and maximize productivity.
Allocative efficiency, on the other hand, relates to the allocation of resources in a way that maximizes overall social welfare. It refers to the ideal allocation of resources that matches consumers' preferences and demands. Allocative efficiency ensures that resources are allocated so that goods and services align with consumer preferences. This results in the best outcome for society.
When comparing an ideal market structure with a monopoly in terms of efficiency, there are significant differences. In an ideal market structure, characterized by complete competition, both technical and allocative efficiency is typically achieved. Many buyers and sellers exist, information is freely available, and no single entity controls the market. Competition drives firms to produce at the lowest cost and offer goods and services that match consumer preferences, leading to technical and economic efficiency.
In contrast, a monopoly represents a market structure where a single firm dominates the industry and has substantial market power. In terms of technical efficiency, a monopoly may not necessarily achieve the same level as a perfectly competitive market. Due to the lack of competition, a monopoly may not have the same incentive to minimize costs or innovate as efficiently as possible. This can result in higher production costs and lower technical efficiency.
Regarding allocation efficiency, monopolies often fail. Without competition, a monopolistic firm can set prices higher than the marginal cost of production, resulting in a suboptimal allocation of resources. The monopolist may prioritize maximizing profits rather than satisfying consumer preferences. This leads to a less efficient allocation of resources than in a perfectly competitive market.
Overall, an ideal market structure exhibits higher levels of technical and allocative efficiency than a monopoly. When true competition promotes resource optimization and consumer satisfaction, resulting in more efficient resource allocation.
You work as an athletics director for the University of Grand Rapids. Your lacrosse coach informs you that the student athlete who just submitted a National Letter of Intent signed by her parents will be competing next semester. Based the document, you can infer that the student athlete
Based on the document submitted by the new student-athlete and the national letter of intent being signed by the parents it got very clear that the student athelete has genuinely got a huge backing from the people concerned. Moreover, the student-athlete is a genuine sports personality.
What is a National Letter of Intent?The national letter of Intent is one of the most important things. It is very much taken into care by the government authorities. Moreover, an NLI is given a huge weightage in the whole of the United States.
A national letter of Intent is for the student-athletes who want to perform at the very highest levels. The NLI is a type of contract between the student-athletes with the institution it is non-binding. The NLI is very much possible to be characterized in its way.
The contract in the NLI is binding and the termination process will take some time inclusive of the penalties.
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Question 1
When Theo Chocolate’s managers meet to develop the company’s strategy, one of the first things they do is a SWOT analysis. Which of the following would be an opportunity for Theo? Check all that apply.
A.Joe Whinney pitches Theo Chocolate to an angel investor, who sees the company as a great opportunity and doubles its capitalization.
B.Theo is featured as one of Oprah Winfrey’s “Favorite Things List” in ”6 New Chocolate Bars We’re Crazy About” on Oprah.com.
C.Analysis of customer data allows Theo Chocolate to predict with great accuracy which flavors of chocolate bars will sell the most at which time of year and produce accordingly.
D. Theo partners with Ben Affleck’s Eastern Congo Initiative to launch a chocolate bar line, where a part of the proceeds are donated to help Congolese farmers and their families.
Question 2
Theo Chocolate is considering opening a cooking school which will teach students techniques for working with chocolate and recipes that feature Theo chocolate as an ingredient. This would be an example of:
A.Differentiation
B.Vertical integration
C.Unrelated diversification
D.Related diversification
Question 3
Theo Chocolate is just one of many high-end chocolate manufacturers today. They compete against brands such as Scharffen Berger, Valrhona, and Godiva. This means that it is easy for customers to choose a different chocolate, passing up the opportunity to buy a Theo Chocolate confection. This problem illustrates which of Porter’s five industry forces?
A.Bargaining power of buyers
B.Threat of new entrants
C.Threat of substitute products
D.Bargaining power of suppliers
Answer:B.Theo is featured as one of Oprah Winfrey’s “Favorite Things List” in ”6 New Chocolate Bars We’re Crazy About” on Oprah.com.
D. Theo partners with Ben Affleck’s Eastern Congo Initiative to launch a chocolate bar line, where a part of the proceeds are donated to help Congolese farmers and their families.
Explanation:
The Chocolate’s managers.
As er the question the manager of the cholate meet to develop the company and devise a strategy. The conduct a SWOT analysis which aims to fund the strength, weaknesses, and opportunities along with the threats of the company. It is quite helpful in the planning process of any company.
Thus answer is a Favorite Things List and they partner with Ben Affleck, Vertical integration and. The threat of new entrants
The SWOT is a method of telling the strengths and weaknesses of the manufacturers and helps in evaluating the good qualities and find the USP of the brands. The opportunities would be seen by the favorite list of things that they can get at Oprah.com. The Ben Affleck’s Eastern Congo to launch the bars is part of the help process.The process of Vertical integration includes the use of a supply chain to make different processes and services within different levels.The threats from the new entrants to the market can lead to weakness on the domestic companies and hence is a powerful force of the porters industrial forces.Learn more about the Chocolate’s managers.
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A small ice cream business earns $26538 profit during the two months of July and August. This represents 35% of the annual profit. Find the annual profit. Round to the nearest whole number.
Let the annual profit be x.
profit earned in July and August is 35% of the annual profit
=> $26538 = 35% of x
=> $26538 = (35/100) × x
=> $26538 × (100/35) = x
=> $2653800/35 = x
=> $530760/7 = x
So, the profit is $530760/7.
The annual profit is $75,823.
Given that,
Two months profit is $26,538.This two month profit represents 35% of annual profit.We need to find annual profit.According to the scenario, computation of the given data are as follows,
Let annual profit be X.
So, X \(\times\) 35% = 26,538
X = 26,538 \(\div\) 0.35
X = 75,822.86 or 75,823
Hence annual profit = $75,823.
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_Case Study_ -
*Factors for effective communication*
Nalisiwe is a community development facilitator. She wanted to help young people in her community by starting a support group. She asked a community leader to call a meeting for youth. The community leader called the meeting and asked youths to bring their identity documents to the meeting so that they may register for the project. Because the young people had been asked to bring their identity documents to the meeting, many youth came to the meeting, thinking that the meeting was about applying for a Job. Those who did not have identity documents did not attend the meeting. The youth were very frastrated when they heard that there were no Jobs on offer, and that the meeting was to discuss setting up a support group for youth.
Nalisiwe was frastrated because she felt that the community leader may have had other political intentions in asking the youth to bring their identity documents.
Questions:
1. What can you tell about the mental make - up of Nalisiwe?
2. What were the needs of the audience (the youth)?
3. What were the circumstantial Demands that influenced the communication?
4. How could Nalisiwe and the community leader have been clearer about the purpose of the meeting when they sent out the invitation to the youth?
5. The identity document became a distraction and a symbol for something different than what was intended. How could they have avoided this ambiguity?
6. How could Nalisiwe have worked towards a shared goal, despite the initial misunderstanding abou
1. Based on the given information, we can infer that Nalisiwe is a proactive and well-intentioned individual who is passionate about community development. She has a clear vision of helping young people in her community and is determined to start a support group for them. However, she may also be feeling frustrated and disappointed due to the misunderstanding that occurred during the meeting.
2. The needs of the audience (the youth) were initially misinterpreted due to the lack of clarity in the meeting invitation. They were looking for job opportunities and saw the meeting as a chance to apply for jobs. Their primary need was employment and the prospect of improving their livelihoods.
3. The circumstantial demands that influenced the communication include the community leader's involvement in organizing the meeting and the way the invitation was communicated. The request to bring identity documents created confusion and led the youth to believe that the meeting was about job applications.
4. To be clearer about the purpose of the meeting, Nalisiwe and the community leader could have clearly stated in the invitation that the meeting was for discussing the establishment of a support group for youth and not for job applications. They could have emphasized the importance of youth participation and highlighted the benefits and objectives of the support group.
5. To avoid the ambiguity surrounding the identity documents, Nalisiwe and the community leader could have explicitly stated that bringing identity documents was not a requirement for the meeting. Instead, they could have focused on conveying the purpose and benefits of the support group, addressing the specific needs and concerns of the youth, and highlighting opportunities for personal growth and community involvement.
6. Despite the initial misunderstanding, Nalisiwe could have worked towards a shared goal by actively engaging with the youth, listening to their concerns, and adapting the support group's objectives to address their needs. She could have facilitated open and transparent communication, clarified any misconceptions, and reassured the youth of the benefits and opportunities the support group could provide. Building trust and maintaining effective ongoing communication would be crucial in aligning everyone towards the shared goal of empowering and supporting the youth in the community.
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The Supply-Demand Condition of a specific perfectly competitive market is shown in the figure. At the equilibrium point, which of the following areas represents the producer surplus?
Answer:
the point between the supply intercept and equilibrium or total surplus minus consumer surplus
In which two ways can using critical-thinking skills help a person select a suitable career?
locating specific inventory tools to set achievable goals
identifying hobbies relevant to the process of exploring careers
evaluating the positive and negative aspects of a career choice
acquiring the training necessary to succeed in a specific career
setting specific, achievable career goals
Answer:
it's
Explanation:
evaluating the positive and negative aspects of a career choice cuz it hits you with a sentiment of your identity and the career you would fit in and makes you realize your choice
acquiring the training necessary to succeed in a specific career yeah it is true once you learn the skill it can be easy and you don't have to be tensed about what you're going in the job cause you know what skills in what time should you use
ÇIBIL sCore is not the only credit Score in India.
In India, there are actually multiple credit scoring systems that are used to evaluate an individual's creditworthiness.
While the CIBIL score is certainly one of the most well-known and widely used credit scores in India, it is not the only credit score that lenders and financial institutions rely on. Other credit bureaus such as Experian, Equifax, and CRIF High Mark also offer credit scores that are used by lenders to assess the creditworthiness of borrowers.
Each credit bureau may use a slightly different methodology to calculate credit scores, which is why it's important for individuals to check their credit scores from all relevant bureaus to get a complete picture of their creditworthiness. Additionally, lenders may have their own internal credit scoring systems that take into account other factors beyond just credit history, such as income and employment status.
Therefore, it's important for individuals to be aware of all the credit scoring systems that are used in India and to regularly monitor their credit scores from multiple sources to ensure they have a comprehensive understanding of their financial standing.
By maintaining a good credit score across multiple credit bureaus, individuals can increase their chances of being approved for loans, credit cards, and other financial products with favorable terms and interest rates.
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What is the budgeted cost of goods sold given the following for next budget
period (in $'000)? Sales 5,000; Fixed manufacturing costs 2,000; Variable
manufacturing costs are 40% of sales revenue. Inventory levels are expected to
remain constant.
Answer:
what is this i don't know hope I will understand plz don't be angry
The gap between what food handlers are required to know to perform their jobs and what they actually know
Answer:
training needs
Explanation:
Training can be regarded as
performance improvement tool that can be used when performance of employee is below the expectation or not meeting up to a required standard
It should be noted that training needs
The gap between what food handlers are required to know to perform their jobs and what they actually know
Explain how introducing an agile method will improve the outcomes of software development?
Answer:
In simple words, Agile architecture, in fact, speeds up the distribution of original market value and ensures that quality is maximized during the implementation system by a process of constant preparation and feedback.
Projects are finished in shorter iterations, rendering them more achievable, thanks to the incremental design of the agile process. It also makes it possible to roll out goods efficiently and make adjustments at any time throughout the phase
In late 2020, the Nicklaus Corporation was formed. The corporate charter authorizes the issuance of 6,000,000 shares of common stock carrying a $1 par value, and 2,000,000 shares of $5 par value, noncumulative, nonparticipating preferred stock. On January 2, 2021, 4,000,000 shares of the common stock are issued in exchange for cash at an average price of $10 per share. Also on January 2, all 2,000,000 shares of preferred stock are issued at $20 per share.
Required:
1. Prepare journal entries to record these transactions.
2. Prepare the shareholders' equity section of the Nicklaus balance sheet as of March 31, 2021. (Assume net income for the first quarter 2021 was $1,750,000.)
Part B
During 2021, the Nicklaus Corporation participated in three treasury stock transactions:
On June 30, 2021, the corporation reacquires 250,000 shares for the treasury at a price of $12 per share.
On July 31, 2021, 25,000 treasury shares are reissued at $15 per share.
On September 30, 2021, 25,000 treasury shares are reissued at $10 per share.
Required:
1. Prepare journal entries to record these transactions.
2. Prepare the Nicklaus Corporation shareholders' equity section as it would appear in a balance sheet prepared at September 30, 2021. (Assume net income for the second and third quarter was $3,250,000.)
Part C
On October 1, 2021, Nicklaus Corporation receives permission to replace its $1 par value common stock (6,000,000 shares authorized, 4,000,000 shares issued, and 3,800,000 shares outstanding) with a new common stock issue having a $0.50 par value. Since the new par value is one-half the amount of the old, this represents a 2-for-1 stock split. That is, the shareholders will receive two shares of the $0.50 par stock in exchange for each share of the $1 par stock they own. The $1 par stock will be collected and destroyed by the issuing corporation.
On November 1, 2021, the Nicklaus Corporation declares a $0.18 per share cash dividend on common stock and a $0.35 per share cash dividend on preferred stock. Payment is scheduled for December 1, 2021, to shareholders of record on November 15, 2021.
On December 2, 2021, the Nicklaus Corporation declares a 1% stock dividend payable on December 28, 2021, to shareholders of record on December 14. At the date of declaration, the common stock was selling in the open market at $10 per share. The dividend will result in 76,000 (0.01 Ã 7,600,000) additional shares being issued to shareholders.
Required:
1. Prepare journal entries to record the declaration and payment of these stock and cash dividends.
2. Prepare the December 31, 2021, shareholders' equity section of the balance sheet for the Nicklaus Corporation. (Assume net income for the fourth quarter was $2,750,000.)
3. Prepare a statement of shareholders' equity for Nicklaus Corporation for 2021.
Answer:
Nicklaus Corporation
1. Journal Entries:
Debit Cash $40 million
Credit Common Stock $4 million
Credit Additional paid-in capital- Common stock $36 million
To record the issue of 4 million shares at $10 each.
Debit Cash $40 million
Credit Preferred stock $10 million
Credit Additional paid-in capital - preferred $30 million
To record the issue of 2 million share at $20 per share.
2. Shareholders' equity as of March 31, 2021:
Capital
Authorized:
Common stock 6 million, $1 par value
Noncumulative, nonparticipating preferred stock, 2 million, $5 par value
Issued and outstanding:
Common stock 4 million, $1 par value $4 million
Additional paid in capital - common stock 36 million
Preferred stock 2 million, $5 par value 10 million
Additional paid in capital- preferred stock 30 million
Retained Earnings 1.75 million
3. Journal Entries:
June 30, 2021:
Debit Treasury stock $3 million
Credit Cash $3 million
To record the purchase of 250,ooo shares of treasury stock at $12.
July 31, 2021:
Debit Cash $375,000
Credit Treasury stock $375,000
To record the reissue of 25,000 shares of treasury stock at $15 per share.
Sept 30, 2021:
Debit Cash $250,000
Credit Treasury stock $250,000
To record the reissue of 25,000 shares of treasury stock at $10 per share.
2. Shareholders' equity as of September 30, 2021:
Capital
Authorized:
Common stock 6 million, $1 par value
Noncumulative, nonparticipating preferred stock, 2 million, $5 par value
Issued and outstanding:
Common stock 4 million, $1 par value $4 million
Additional paid in capital - common stock 36 million
Preferred stock 2 million, $5 par value 10 million
Additional paid in capital- preferred stock 30 million
Treasury stock - common stock, 200,000 ($2.375 million)
Retained Earnings 5 million
Part C:
1. Journal Entries:
Oct. 1, 2021: Memorandum record to note the change:
Stock-split Common stock, 8 million, $0.50 par value
Nov. 1, 2021:
Debit Cash Dividends:
Common stock = $1,368,000
Preferred stock = $700,000
Credit Cash $2,068,000
To record the payment of dividends.
Dec. 2, 2021:
Debit Stock dividend $38,000
Credit Common Stock $38,000
To record the issue of shares.
Debit Retained Earnings $38,000
Credit Stock dividends $38,000
To record the the declaration.
2. Shareholders' equity as of December 31, 2021:
Capital
Authorized:
Common stock 12 million, $0.50 par value
Noncumulative, nonparticipating preferred stock, 2 million, $5 par value
Issued and outstanding:
Common stock 8.076 million, $0.50 par value $4.038 million
Additional paid in capital - common stock 36 million
Preferred stock 2 million, $5 par value 10 million
Additional paid in capital- preferred stock 30 million
Treasury stock - common stock, 200,000 ($2.375 million)
Retained Earnings 5.644 million
3. Statement of Shareholders' equity:
Common stock 8.076 million, $0.50 par value $4.038 million
Additional paid in capital - common stock 36 million
Preferred stock 2 million, $5 par value 10 million
Additional paid in capital- preferred stock 30 million
Treasury stock - common stock, 200,000 ($2.375 million)
Retained Earnings $5,000,000
Net income 2,750,000
Dividends paid (2,068,000)
Stock dividends ($38,000) 5.644 million
Explanation:
a) Data and Calculations:
Capital
Authorized:
Common stock 6 million, $1 par value
Noncumulative, nonparticipating preferred stock, 2 million, $5 par value
Issued:
Common stock 4 million, $1 par value, issued at $10
Preferred stock 2 million, $5 par value, issued at $20
June 30, 2021 Treasury stock $3 million Cash $3 million
July 31, 2021 Cash $375,000 Treasury stock ($375,000)
Sept 30, 2021 Cash $250,000 Treasury stock ($250,000)
Oct. 1, 2021:
Stock-split Common stock, 8 million, $0.50 par value
Nov. 1, 2021:
Cash Dividends:
Common stock = $1,368,000 ($0.18 * 7,600,000)
Preferred stock = $700,000 ($0.35 * 2,000,000)
Dec. 2, 2021:
Stock dividends:
Additional shares issued = 76,000 (7,600,000 * 1%)
Issued at par $0.50
Stock dividend = $38,000
Discuss the FOUR (4) P’s of marketing by Alibaba.
Answer:
product, price, place, promotion
Explanation:
which product do your customers need
the price of the product
the place
the promotion for performance
According to the interactionist view of managing conflict, conflict is
Group of answer choices
a result of dysfunctional managerial behavior and therefore should be stopped at the source.
a natural part of human existence and should be accepted as a normal part of relationships.
inevitable, but maintaining a degree of tension can actually be helpful in keeping a group energized and creative.
always bad and should be avoided at all costs.
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a natural part of human existence and should be accepted as a normal part of relationships.
What is managing conflict?Managing conflict is a process of identifying and addressing disagreements between two or more parties in a professional and respectful manner. It involves communication, negotiation, and problem-solving in order to create a mutually beneficial outcome.It is important to manage conflicts in a timely manner to prevent them from escalating and to identify any underlying causes. Listening to the other parties involved and understanding their needs and perspectives is essential for successful conflict management. Additionally, having a clear plan for resolving the conflict is important for avoiding further issues. Functions of managing conflict include creating a safe space for all parties to express their views, setting ground rules for communication, and creating an agreement that all parties can accept.To learn more about conflict refer to:
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1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.
This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.
In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
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Select the correct text in the passage.
Read the following paragraph and determine which components highlight the purpose of personal protective equipment.
The food service manager of the restaurant San Lucas requests permission from the owner to buy personal protective equipment for some of the
kitchen staff. The owner comments that it is a good idea. She thinks that personal protective equipment would help the kitchen staff feel happier at
work. The staff would also look more professional when working in the open kitchen. The food service manager added that the personal protective
equipment would keep the employees safer, especially when working with extreme temperature items. He also informed the owner that the equipment
would allow the restaurant to comply with the latest government regulations on food service operations.
Reset
Next
The purpose of personal protective equipmentis that the personal protective equipment would keep the employees safer, especially when working with extreme temperature items.
What is personal protective equipment?Personal protective equipment can be described as the meausres that can help to prevent the employee from danger in broader sense oit can be described as the items such as gloves, safety glasses and shoes, earplugs or muffs, hard hats, as well as full body suits that can be used to ensure proper safety with theuse of personal protective equipment.
In conclusion, from the paragraph it can be seen that purpose of personal protective equipment is one that would keep the employees safer, especially when working with extreme temperature items which is the components that highlight the purpose of personal protective equipment.
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Suppose that the production function is y= 9k^0.5 N^0.5. With this production function, the marginal product of labor is MPN= 4.5K^0.5 N^-0.5. The capital stock is K= 25. The labor supply curve is NS= 100[(1-t)w]^2, where w is the real wage rate, t is the tax rate on labor income, and hence (1-t)w is the after-tax real wage rate.c.Suppose that a minimum wage of w=2 is imposed. If the tax rate on labor income, t, equals zero, what are the resulting values of employment and the real wage? Does the introduction of the minimum wage increase the total income of workers, taken as a group?
The resulting values for employment and the real wage are 70.3125 and $1.5811 per hour, respectively.
The introduction of the minimum wage does not increase the total income of workers taken as a group.
How to determine employment and real wageTo find the resulting values of employment and real wage, determine where the labor supply curve intersects the labor demand curve.
MPN =
\(4.5K^0.5 N^-0.5 = (9K N)^0.5 / (2KN)^0.5 = (9/2)^0.5 (K/N)^0.5 = w/P
\)
where P is the price of output, which we can assume is equal to 1.
This equation can be rearranged to solve for N:
N =
\((9/2) (K/w)^2\)
Plugging in K = 25 and w = 2, we get:
N =
\((9/2) (25/2^2) = 70.3125\)
To find the real wage, we can plug this value of N into the labor supply curve:
NS =
\(100[(1-t)w]^2 = 100(1-0)(2)^2\)
= 400
Since labor supply exceeds labor demand, the real wage will be bid down to the equilibrium level.
\((9/2)^0.5 (K/N)^0.5 = w/P
(9/2)^0.5 (25/N)^0.5 = 1/2
N = (9/2) (25/2^2) = 70.3125
w = 2(70.3125/100)^0.5 = 1.5811\)
The equilibrium real wage is $1.5811 per hour.
To determine whether the introduction of the minimum wage increases the total income of workers,
Total income before minimum wage = wN = 1.5811 x 70.3125 = $111.31
After the minimum wage of $2 is imposed, the real wage is fixed at $2, and the level of employment is determined by the intersection of the labor supply and demand curves at this wage:
N =
\((9/2) (25/2^2) / (2)^2 = 35.15625\)
Total income after minimum wage = wN = 2 x 35.15625 = $70.31
Since the total income of workers decreases from $111.31 to $70.31 after the minimum wage is imposed, the introduction of the minimum wage does not increase the total income of workers taken as a group.
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At year-end, a trial balance showed total credits exceeding total debits by $4,950. This difference could have been caused by: ______________
a. An error in the general journal where a $4,950 increase in Accounts Receivable was recorded as an increase in Cash.
b. A net income of $4,950.
c. An error in the general journal where a $4,950 increase in Accounts Payable was recorded as a decrease in Accounts Payable.
d. The balance of $5,500 in the Office Equipment account being entered on the trial balance as a debit of $550.
e. The balance of $49,500 in Accounts Payable being entered in the trial balance as $4,950.
There are ways to know the differences in account. This difference could have been caused by An error in the general journal where a $4,950 increase in Accounts Payable was recorded as a decrease in Accounts Payable.
What is a trial balance?A trial balance is a document that depicts all asset, liabilities etc. It is often prepared so as to ensure that posting of amounts and accounts are done well and right.
Here, the Total debits must equal total credits. The issue could have been caused by option d due to different factors.
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Annually, Monet Corp. awards each of its employees two weeks of paid vacation, which can be carried over if not used. As of December 31, Year 1, the company determined that there are 20 vacation weeks eligible for carryover. During Year 1, compensation averaged $1,000 per week. That average compensation amount is expected to increase to $1,030 during Year 2 when that vacation time will be taken. What is the liability that should be reported for vacation pay in the company’s balance sheet prepared as of December 31, Year 1?
Answer:
$20,000
Explanation:
Calculation for the liability that should be reported for vacation pay
Using this formula
Liability=Vacation weeks*Compensation averaged per week for Year 1
Let plug in the formula
Liability=20 weeks × $1,000 per week
Liability = $20,000
Therefore the amount of liability that should be reported for vacation pay will be $20,000
Like many students at college, Arturo struggles to find a parking space on campus. Every year he has to buy a parking permit, which allows him to park on campus. Unfortunately, buying a permit does not guarantee that he can find a parking spot. So he often gets to campus well before class starts, hoping to find a good parking spot, but ends up driving around until someone leaves. One day after his economics class, Arturo comes up with a potential solution to the problem. He suggests the following: Suppose the demand for parking is given by the following equation:Qo - 20,000 - 400P. At Arturo's school, there are 16,000 parking spaces for students. For the questions below, give all answers to the nearest whole number.
a. At most universities, students do not pay to park each day. They pay for a permit, which only allows them to park on campus. Therefore, the price students face each day is $ Unfortunately, this creates a of parking spaces.
b. The university, in order to prevent the shortage issue is changing from selling parking permits to charging a daily parking fee. Suppose parking spaces were allocated at Arturo's school using the market mechanism. In this case, students would have to pay $ each day to park
c. As his school gets larger, the demand for parking increases to Qo - 24,000 - 400P. If Arturo's university wanted to keep the market price (the price of daily parking) the same, it would have to provide more parking spaces
Answer:
a. 4,000 parking spaces
b. $10 per day
c. 4,000
Explanation:
a. If students pay for a permit, and not a daily fee:
the demand equation is Qd = 10,000 and Qs = 16,000
So, the shortage is
= 20,000 - 16,000
= 4,000 parking spaces
b. If the university charges a daily fee so the equation will be
Qd = Qs
20,000 - 400P = 16,000
4,000 = 400P
P = $10 per day
c. An increase in demand will be
Qd = 24,000 - 400P
To keep the price at $10
Qs = 24,000 - 400 × (10)
= 20,000
now,
More spaces required is
= 20,000 - 16,000
= 4,000
. Explain the role of money in specialisation and division of labour
Answer:Money plays a crucial role in the process of specialization and division of labor. As an economy grows, the division of labor becomes more complex, and people begin to specialize in specific skills and trades. Specialization and division of labor increase productivity and efficiency, which leads to economic growth. Money facilitates the exchange of goods and services between people who have specialized in different areas.When people specialize in specific skills or trades, they produce goods or services that are unique and valuable. Money allows them to exchange these goods and services with other people who have specialized in different areas. This exchange of goods and services is made possible by the use of money, which serves as a medium of exchange. Without money, people would have to rely on bartering, which would be difficult and inefficient.Moreover, money encourages further specialization and division of labor. When people are able to earn money by specializing in a particular skill or trade, they are more likely to continue doing so. This creates a positive feedback loop, leading to increased specialization, higher productivity, and economic growth.In summary, money plays a critical role in the process of specialization and division of labor by facilitating the exchange of goods and services between people who have specialized in different areas. Money encourages further specialization and division of labor, leading to higher productivity, efficiency, and economic growth.
Explanation:
.
7. A
relationship would include your co-workers and friends.
O A. mutually exclusive
O B. romantic
O C. companionate
OD. sporting
Your friends and coworkers would be considered in a mutually exclusive relationship.
What does mutually exclusive mean?Two events cannot occur simultaneously because they are mutually exclusive (also known as disjoint). If (A∩B) = 0, two occurrences A and B are mutually exclusive. A statistical term used to describe occurrences that cannot happen concurrently is "mutually exclusive." It is employed to describe a scenario in which the appearance of one occurrence is unaffected or unrelated to that of another. For instance, it is impossible to simultaneously roll a five and a three on the same die. If an occurrence of any of the events E1, E2,..., En indicates that none of the other n 1 events will occur, therefore the events are referred to as mutually exclusive in probability theory. Therefore, it is impossible for two occurrences that are mutually incompatible to occur simultaneously. A B = is the formal formula, which states that the intersection of any two of them is empty (the null event).
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Justine heard that an Australian newspaper has just published a very interesting article about the koala bear, her favorite animal. Justine is most likely to find this article online, as the internet allows for quick access to which type of news?
Select one:
a.
local news
b.
world news
c.
honest news
d.
entertainment news
Please answer in one minute will mark BRAINLIST
Answer:
it's b reckless. ... ...
Answer:
b
Explanation:
reckless
After the merger of two cable TV companies, the HR Department at the new company had to figure out which employees should be laid off, transferred to other units, or recruited and brought into the organization. The activity that the HR Department was engaged in is called:
Human Resource Planning is the term used to describe the activity the HR Department was involved in.
What does "human resource planning" mean?Planning for human resources (HRP) definition: A business may utilize human resource planning to balance its workforce flow and avoid issues like team member shortages of surpluses. This guarantees that the company has the proper individuals with the necessary abilities to develop a strong workforce.
What the importance of human resource planning?
It aids in carrying out the organization's long-term strategies for growth, diversification, and modernization. The organization's needs are met by having the appropriate number and type of people on hand when needed thanks to human resource planning.
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Which of these is an example of a monopoly? Utility companies Soda companies Airlines Computer companies
Utilities firms are one example of a monopoly among the possibilities given. When they are the exclusive provider of these necessary services in a certain region, utility firms, such as those that provide electricity, water, or natural gas, frequently act as Monopoly. As a result, customers are virtually forced to adopt the services offered by the local utility company since they have no other alternatives.
The Landlord's Game, which was developed by Lizzie Magie in the United States in 1903 to advance Henry George's economic theories, particularly his views on taxation, and to show that an economy that rewards Utilities individuals is preferable to one in which monopolies hold all the wealth, is the source of Monopoly.
The Landlord's Game originally featured two sets of rules, one that included taxes and another that serves as the foundation for the present regulations.
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Exercise 23-2 Make or buy LO P1 Gelb Company currently manufactures 43,000 units per year of a key component for its manufacturing process. Variable costs are $5.15 per unit, fixed costs related to making this component are $73,000 per year, and allocated fixed costs are $78,500 per year. The allocated fixed costs are unavoidable whether the company makes or buys this component. The company is considering buying this component from a supplier for $3.70 per unit. Calculate the total incremental cost of making 43,000 units and buying 43,000 units. Should it continue to manufacture the component, or should it buy this component from the outside supplier
Answer:
If the company buys the units, it will save $135,350.
Explanation:
Giving the following information:
Number of units= 43,000
Make in-house:
Variable costs are $5.15 per unit
Avoidable fixed costs= $73,000
Buy:
Unitary cost= $3.7
We will take into account only the incremental cost, therefore, the unavoidable fixed costs will not be taken into account.
Total cost of production= 43,000*5.15 + 73,000= $294,450
Total cost of purchase= 3.7*43,000= $159,100
If the company buys the units, it will save $135,350.
Brainstorm 3 people save money and 3 ways people invest money.
Three ways that people save money and three ways that people invest money include:
Ways to save money:
In savings accounts In savings schemes within the community Money market accountsWays to invest money:
Buying stocks and bonds Investing in Mutual and Hedge Funds Buying propertyHow can we save and invest money?There are several ways of saving money and some of them include putting it into savings accounts and money market accounts in banks. These will earn some interest.
There are also ways of investing money so that you can get a higher return. Some include buying stocks or bonds issued by companies or the government. There is also buying property and earning rent, and investing in mutual funds.
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Impact of Fast Fashion on consumer behaviour’s
Fast fashion has led to increased consumer demand, shorter product life cycles, and unsustainable consumption patterns, contributing to environmental and social impacts.
The impact of fast fashion on consumer behaviors can be significant and has several implications:
Increased Consumption: Fast fashion promotes a culture of constant buying and frequent clothing turnover. Consumers are encouraged to purchase more items due to low prices and the perception of fast-changing trends.Impulse Buying: Fast fashion relies on creating a sense of urgency and scarcity, leading to impulse purchases. Consumers may buy items they don't necessarily need or truly want.Disposability Mindset: Fast fashion contributes to a mindset of disposable clothing. Consumers may view garments as short-term, leading to a decrease in care and quality expectations.Environmental Impact: The high demand for fast fashion results in excessive resource consumption, pollution, and waste generation. The production processes and disposal of clothing have significant environmental consequences.Ethical Concerns: Fast fashion is associated with unethical labor practices, such as exploitation of workers in low-wage countries, poor working conditions, and human rights violations.These factors combined can lead to overconsumption, waste, environmental degradation, and social issues within the fashion industry.
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