Despite the fact that, according to accounting standards and regulations, the income for such an order arrives in January. The overtime wages should be expensed in the month of December
Overtime wages is the sum due to the employee for the additional time spent on extra or unfinished job.
According to the Factories Act's stipulations, overtime wages is double the regular rate of pay. There is an agreement between the employer and employee, thus the provisions of the Factories Act do not apply. For the overtime engagement, a higher salary rate is often compensated. All overtime labor must have the appropriate authorization. To oversee the employees' extra labor, a trustworthy person is chosen or assigned.Before making a payment, the relevant authority must first authorize a separate calculation of the overtime compensation. Each employee has an equal opportunity to complete the overtime labor.Learn more about Overtime wages, here
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high step shoes had annual revenues of $199,000, expenses of $110,700, and paid dividends of $23,600 during the current year. the retained earnings account before closing had a balance of $311,000. the net income for the year is:
The net income for the year is: $88,300
Revenues $199,000 − Expenses $110,700 = Net Income $88,300
What is Net income?Net income is the amount earned by an individual or business after deducting costs, allowances, and taxes. In business, net income is the amount of money left over after deducting all expenses, such as salaries and wages, the cost of goods or raw materials, and taxes. \Gross refers to before taxes, while net refers to after taxes. Net income is the amount of money you receive in your bank account. To summarize, gross annual income is the amount of money spent on you by your employer in a given year. The annual net income is the total amount you received for the year (after tax deduction). For an accounting period, net income is defined as an entity's income less cost of goods sold, expenses, depreciation and amortization, interest, and taxes.To learn more about Net income, refer to:
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what are the arithmetic and geometric average returns (answer in that order.) for a stock with annual returns of 4 percent, 9 percent, −6 percent, and 18 percent? multiple choice 5.89 percent; 6.25 percent 6.25 percent; 5.89 percent 6.25 percent; 8.33 percent 8.33 percent; 5.89 percent 8.33 percent; 8.33 percent
The arithmetic average return is 6.25 percent and the geometric average return is 5.89 percent
What is the arithmetic and geometric average return?The arithmetic average return can be determined by adding the stock returns together and dividing it by the total annual returns that is provided.
Arithmetic average return = sum of returns / total number of returns
(4 + 9 - 6 + 18) / 4
= 25 / 4 = 6.25 percent
The geometric average return is used to determine the compound growth rate.
Geometric average return= [(1 + return) x (1 + return) x (1 + return) + (1 + return)]^(1/n) -
Where:
n = number of returns provided
[(1.04) x (1.09) x (0.94) x (1.18)]^(1/4) - 1 = 0.0589 = 5.89%
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for journal entries 1 through 12, indicate the explanation that most closely describes it. you can use explanations more than once. to record receipt of unearned revenue. to record this period's earning of prior unearned revenue. to record payment of an accrued expense. to record receipt of an accrued revenue. to record an accrued expense. to record an accrued revenue. to record this period's use of a prepaid expense. to record payment of a prepaid expense. to record this period's depreciation expense.
Based on the journal entries numbered 1 through 12, the best explanations for the activity in the journal entry is:
To record this period's use of a prepaid expenseTo record payment of an accrued expenseTo record payment of a prepaid expenseTo record an accrued expenseTo record an accrued revenueTo record receipt of an accrued revenueTo record receipt of unearned revenueTo record receipt of an accrued revenueTo record this period's use of a prepaid expenseTo record an accrued expenseTo record this period's depreciation expenseTo record this period's earning of prior unearned revenueHow to explain journal entries?Journal entries are done to show the different transactions in a business. The explanations part of the journal entry shows why the accounts being debited are being debited, and why those being credited are credited.
When prepaid expenses are credited then it means that the expense have been recognized for the period. When cash is credited for salaries payable, then those salaries are being paid for. Cash credit for prepaid rent means that a payment is being made before it is due.
Salaries Payable being credited means that the company owes and accrued expense (salaries) and interest revenue credit records revenue to be accrued. Unearned professional fees are credited if a company receives revenue before earning it.
Prepaid rent is then credited if there is a need to recognize the prepaid rent in the current period and accumulated depreciation is credited when an asset is depreciated in the period.
The rest of the question is:
Journal Entries
Insurance Expense 1,900
Prepaid Insurance 1,900
Salaries Payable 3,900
Cash 3,900
Prepaid Rent 3,200
Cash 3,200
Salaries Expense 4,900
Salaries Payable 4,900
Interest Receivable 1,900
Interest Revenue 1,900
Cash 3,900
Accounts Receivable (from consulting) 3,900
Cash 5,900
Unearned Professional Fees 5,900
Cash 4,300
Interest Receivable 4,300
Rent Expense 8,000
Prepaid Rent 8,000
Interest Expense 6,300
Interest Payable 6,300
Depreciation Expense 1,300
Accumulated Depreciation 1,300
Unearned Professional Fees 1,900
Professional Fees Earned 1,900
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if a married couple with a long-term growth objective is considering a mutual fund, and they are concerned about the fund's annual expenses, they shou
If a married couple choosing a mutual fund has a long-term growth goal but is worried about the fund's annual fees, they should choose a common stock fund with a low portfolio turnover.
How much tax do you pay on withdrawals from mutual funds?Withdrawals are subject to ordinary income taxes, which may be greater than the preferential tax rates on long-term capital gains from the sale of assets in taxable accounts. Additionally, if they are made before turning age 5912, there may be a 10�deral tax penalty (barring certain exceptions).
What are the goals of mutual funds and what are their advantages?a range of investment goals: One benefit of investing in mutual funds is that you can achieve a variety of financial goals, such as income and capital growth. Debt mutual funds can provide you with income, whereas equity mutual funds can assist you in accumulating wealth through capital growth.
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question content area the average return for large-cap domestic stock funds over the three years 2009–2011 was 14.7%. assume the three-year returns were normally distributed across funds with a standard deviation of 4.7%. open spreadsheet what is the probability an individual large-cap domestic stock fund had a three-year return of at least 20% (to 4 decimals)? fill in the blank 2 what is the probability an individual large-cap domestic stock fund had a three-year return of 10% or less (to 4 decimals)? fill in the blank 3 how big does the return have to be to put a domestic stock fund in the top 10% for the three-year period (to 2 decimals)? fill in the blank 4 %
Using the normal distribution, it is found that:
There is a 0.1292 = 12.92% probability that an individual large-cap domestic stock fund had a three-year return of at least 20%.There is a 0.1587 = 15.87% probability that an individual large-cap domestic stock fund had a three-year return of 10% or less.To be in the top 10%, the return has to be of at least 20.72%.Normal Probability DistributionThe z-score of a measure X of a normally distributed variable that has mean represented by [tex]\mu[/tex] and standard deviation represented by [tex]\sigma[/tex] is given by the following rule:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
The z-score measures how many standard deviations the measure X is above or below the mean, depending if the z-score is positive or negative.From the z-score table, the p-value associated with the z-score is found, and it represents the percentile of the measure X.In the context of this problem, the mean and the standard deviation are given as follows:
[tex]\mu = 14.7, \sigma = 4.7[/tex]
For a return of at least 20%, the probability is one subtracted by the p-value of Z when X = 20, hence:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
Z = (20 - 14.7)/4.7
Z = 1.13
Z = 1.13 has a p-value of 0.8708
1 - 0.8708 = 0.1292.
For the return of 10% or less, the probability is the p-value of Z when X = 10, hence:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
Z = (10 - 14.7)/4.7
Z = -1
Z = -1 has a p-value of 0.1587.
To be in the top 10%, the return has to be of at least the 90th percentile, which is X when Z = 1.28, hence:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
1.28 = (X - 14.7)/4.7
X - 14.7 = 1.28 x 4.7
X = 20.72%.
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the principle of substitution is most centrally used in appraisal: select one: a. in the income approach b. when the shape of the lot is irregular c. in the cost approach d. in the market data approach
The principle of substitution is most centrally used in appraisal in the cost approach.
What is the principle of substitution?
The principle of substitution states that the upper limit of value tends to be set by the cost of acquiring an equally desirable substitute, assuming no untimely delays. It is an economic term used in real estate. A wise investor will not pay no more for an income-producing property than it would cost to build or purchase a similar property.
The cost approach in appraisal uses the principle of substitution. When developing the cost approach, the appraiser considers both the direct cost and indirect cost of a building
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default means that a borrower will not make scheduled interest or principal payments, and it affects the market interest rate on a bond. the -select- the bond's risk of default, the higher the market rate. the average default risk premium varies over time, and it tends to get -select- when the economy is weaker and borrowers are more likely to have a hard time paying off their debts.
The higher the bond's risk of default, the higher the market rate. The average default risk premium varies over time, and it tends to get larger when the economy is weaker and borrowers are more likely to have a hard time paying off their debts.
What is a loan default?Most time, a loan default occurs when a borrower fails to pay back a debt according to the initial arrangement. In consumer loans case, this loan default means that successive payments have been missed over the course of weeks or months.
But fortunately, both the lenders & loan servicers usually allow a grace period before penalizing the borrower after missing one payment. In conclusion, such period between missing a loan payment and having the loan default is known as delinquency.
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consider the following cash flows on two mutually exclusive projects for the bahamas recreation corporation. both projects require an annual return of 18 percent.
Based on the cash flows of the two mutually exclusive projects by the Bahamas Recreation Cooperation, the project that should be chosen based on the Net Present Value approach is the Deeper Fishing project.
How to use Net Present Value?The Net Present Value shows the present value of the cash inflows from a project less the present value of the cash outflows and initial investment.
The Net Present Value for the Deeper Fishing project is:
= -1,010,000 + 430,000 / 1.18 + 558,000 / 1.18² + 480,000 / 1.18³
= $47,296.51
The Net Present Value for New Submarine is:
= -1,970,000 + 1,020,000 / 1.18 + 860,000 / 1.18² + 870,000 / 1.18³
= $41,554.25
The company should therefore go with the Deeper Fishing project.
Rest of the question is:
Based on the NPV, which project should you choose?
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Which of the following is the best example of a mentor relationship?
A Mrs Lowell is a math teacher at a local high school who offers afterschool tutoring to her students
B philippa is a manager at a restaurant who creates the shift schedule each week and shares it with employees
C Simon Willis are high school students who have been assigned to work on a project together
D Regina is a CPA she meets once a month to give council and advice to Alex and accounting student
The following is the best example of a mentor relationship Regina is a CPA she meets once a month to give council and advice to Alex and accounting student
How do mentor and mentee relationships work well?Truth, trust, and honesty are the cornerstones of successful mentor-mentee relationships. Both the mentor and the mentee must be aware of and respect each other's different truths and views when it comes to communication.
What three things make up a successful mentoring relationship?Successful mentoring includes a mutually beneficial relationship characterized by open communication, assistance during a transfer in roles, and carefully planned mentoring activities, according to the protégés (White et al., 2010).
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what amount should be reported as "cash and cash equivalents"? prepare a classified balance sheet. do not show the components that add up to your answer in requirement 1, but rather show only the line "cash and cash equivalents."
The line item on the balance sheet that shows the value of a company's assets that are cash or can be instantly turned into cash is referred to as "cash and cash equivalents."
Bank accounts and marketable securities, or debt securities with maturities of fewer than 90 days, are examples of cash equivalents. The cash and equivalents do not include investments in liquid securities like stocks, bonds, and balance sheet. Such assets are omitted even though it is simple to convert them into cash (usually with a three-day settlement period). On the balance sheet, the assets are shown as the investments.
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the high cost of a pollution reduction program that increases access to cleaner water and reduces airborne industrial waste from factories could be offset by
The high cost of a pollution reduction program that increases access to cleaner water and reduces airborne industrial waste from factories could be offset by Environment Pollution Agency.
The goal of the Environmental Protection Agency, a federal government department in the United States, is to safeguard both environmental and human health.
The Environmental Protection Agency controls the production, transformation, use, and disposal of toxins and other pollution. Through penalties, sanctions, and other measures, the agency carries out its conclusions. It is in charge of initiatives that support clean air and water, sustainable development, environmental stewardship, and energy efficiency. Biodiversity, marshes, food hygiene, and nuclear waste are a few of the topics that the Environmental Protection Agency doesn't handle.
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a new era of prospective real-world safety evaluation primary report of xience v usa (xience v everolimus eluting coronary stent system condition-of-approval post-market study)
(Xience v everolimus eluting coronary stent system condition-of-approval post-market study) is performed below:
Objective:The XIENCE V USA (XIENCE V Everolimus Eluting Coronary Stent System Condition-of-Approval Post-Market study) sought to:
1) Analyse the safety and protection of everolimus-eluting coronary stent systems (EECSS) in a contemporary cohort of real-world subjects; and
2) prospectively tests the standard of event reporting with analysis of matched patients from the randomized SPIRIT IV (Clinical Evaluation of the XIENCE V Everolimus Eluting Coronary Stent System in the Treatment of Subjects With de Novo Native Coronary Artery Lesions) trial.
Methods:The XIENCE V USA trial was a prospective, multicenter, single-arm study conducted in unselected patients. The primary endpoint was Academic Research Consortium (ARC)-determines the definite and probable stent thrombosis (ST); the co-primary endpoint was defined as the composite of cardiac death and myocardial infarction at 1 year. Secondary analyses contains : 1) stratification by standard-risk and extended-risk cohorts; and 2) lateST after the dual antiplatelet therapy interruption.
Results:Out of 5,054 participants in the study (1,875 standard-risk; 3,179 extended-risk), 4,958 (98.1%) reached 1-year follow-up. The rate of ARC-determines definite and probable ST was 0.84% (95% confidence interval [CI]: 0.60% to 1.14%) in the total population and 0.33% (95% CI: 0.12% to 10.72%) and 1.14% (95% CI: 0.80% to 11.58%) in the standard-risk and extended-risk cohorts. In the study No late ST had been observed after dual antiplatelet therapy interruption in either cohort after 6 months.
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For each situation, select one option from below that you think will help increase profit.
These are answers for the question to put on
1.Avoid extra payroll expenses.
2. Get the best rates on advertising.
3.Change the product you provide.
4. Use resources wisely.
5. Beat the competition.
6. Get the best rates on supplier purchases.
7. Eliminate some free services.
8. Increase worker efficiency.
Four important elements can contribute to profitability. Costs are coming down, turnover is going up, production is going up, and efficiency is going up.
Choose the option from the list below that you believe will help enhance profit for each circumstance.1. Limit additional payroll costs- Increase
2. Find the best advertising prices- Increase
3. Modify the offering you make- decrease
4. Make good use of resources- Increase
5. Outperform the opposition- Increase
6. Find the most affordable supplier prices- Increase
7. Discontinue a few free services - No effects
8. Boost personnel effectiveness- Increase
What does "profit" mean?Profit is the term used to describe the financial gain experienced when the revenue from a commercial activity exceeds the costs, costs, and taxes associated with maintaining that activity.
In accounting, a profit is an income that is given to the owner throughout a successful market producing process. Profitability, which is the owner's primary interest in the income-formation process of market production, is measured by profit. There are various profit metrics that are frequently used.
How are earnings raised?Profitability may be boosted in four important areas. Costs are being cut, turnover is rising, productivity is up, and efficiency is up. You can also diversify into new market segments or create brand-new goods or services.
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Why are wages and salaries generally determined by the market for labor?
According to maximum economics textbooks, our wages and salaries are decided similar to another price: with the aid of using deliver and call for. People deliver their labor, and organizations call for it, growing a marketplace for labor.
Many dealers and shoppers of exertions services. Consequently, salary and salaries are decided by the intersection of the call for exertions and the deliver for exertions. A curve displaying the one-of-a-kind portions of exertions employers are inclined to lease at one-of-a-kind salary quotes in a given time period, ceteris paribus.
Wages are determined via way of means of deliver and demand, however they may be encouraged via way of means of an extensive kind of factors, along with the price of dwelling in a selected area, the presence of a union and the present-day minimal wage.
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Answer each of the following questions.
1)If a 10% increase in price leads to a 40% decrease in quantity demanded, what is the value of price elasticity of demand? Show your work.
2)Which of the following will cause the demand for a good or service inelastic?
Having few substitutes
A longer time period
Being a luxury
Being a large share of the consumer's budget
3)If the price elasticity of demand is equal to 0.5, is demand elastic, inelastic, or unitary elastic?
4)Will a perfectly elastic supply curve be vertical, horizontal, or upward-sloping?
5)What price elasticity of supply will lead to a smaller increase in quantity when price changes— elastic, inelastic, or unitary elastic?
1. The value of price elasticity of demand if there's a 10% increase in price leads to a 40% decrease in quantity demanded is 4
2. The cause of the demand for a good or service inelastic is "Being a large share of the consumer's budget". option D
3. If the price elasticity of demand is equal to 0.5, is demand to be "inelastic".
4. The perfectly elastic supply curve is horizontal.
5. The price elasticity of supply which will lead to a smaller increase in quantity when price changes is inelastic.
How to calculate price elasticity of demandPrice elasticity of demand = % change in demand / % change in price
= 40% / 10%
= 0.4 / 0.1
= 4
Inelastic demand refers to a situation in which consumers demand for goods and services does have a proportional change with a change in price.
A perfectly elastic supply curve is the curve in which the supply curve is horizontal.
In conclusion, the price elasticity of demand is the best degree of responsiveness of demand to a change in price.
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Sven, a research analyst for ikea, wants to segment the home furnishings market in europe based on differences in core benefits customers seek, usage situations, brand loyalty, usage rates, and price sensitivity. Which segmentation approach would sven use?.
The segmentation approach used by Sven is needs-based segmentation strategy.
The best marketing of some product or services begins with a focus on segmentation. Different groups of customers have different needs and therefore the company or sales need to be targeted with a specific marketing plan. So that, segmentation is a vital component of any successful marketing strategy.
Segmentation can be approached in three main ways, there are firmographic, behavioral, and needs-based segmentation strategy.
Firmographic segmentation can be defined as a grouping customers by aspects such as age, gender, company size, industry vertical, income and location.
Behavioral segmentation can be defined as a strategy that takes things up a notch, identifying how customers act and grouping them this way.
Thirdly, a needs-based approach can be defined as the best and most effective way of segmenting customers that identify specific customer needs, allowing products and services, and also marketing communications.
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the lanham act (also known as the trademark act) defines the use of a trademark, the process for obtaining a trademark, and the penalties associated with trademark infringement.
The Lanham act (also known as the trademark act) is used as a trademark, the penalties associated with trademark infringement, and the process for obtaining a trademark. So the statement above is true.
The Lanham Act (also known as the Trademark Act of 1946) can be defined as the federal statute that governs trademarks, service marks, and unfair competition. The Lanham Act was passed by Congress on July 5, 1946, and signed into law by President Harry Truman. The Lanham Act is named for Representative Fritz G. Lanham of Texas. It is protects intellectual property against such as trademark infringement, unfair competition, trademark dilution, and false advertising.
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world bank records indicate that in 2010, the total fertility rate in puerto rico was 1.6 and population size was 4,000,000. if the crude net migration rate was -1.0, then the best estimate of the population in 2012 is
The population in 2012 would be 3,960,000. The crude net migration rate is the number of people leaving the country per 1,000 people. This means that for every 1,000 people in Puerto Rico in 2010, 10 people left the country.
What is population?
A population is the entire set of individuals, if that group is a nation or a group of people who share a characteristic. A population in statistics is the group of people from whom a statistical sample is drawn for a study. As a result, any group of people who share a characteristic can be called a population. A sample can also refer to a statistically meaningful subset of a population, rather than the entire population. As a result, a statistical analysis of a sample must document the estimated standard deviation, or standard deviation, of its overall population results. Only a population-wide analysis had no standard error.
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in the stage of the buying process, the alert business marketer can help the buyers define their needs and provide information about the value of different product characteristics.
In the general needs description stage of the buying process, the alert industry marketer can help the buyers define their needs and provide details about the value of various product differentiae.
What is Business marketer?Individuals or organizations can engage in business marketing. It enables them to sell products or services to other businesses or organizations who resell them, incorporate them into their products or services, or use them to support their work. It is a method of promoting business and increasing profits. Marketers are in charge of creating and implementing strategies to promote brands, products, and services in order to maximize company profits. They keep an eye on trends and create pricing strategies and advertising campaigns. A marketer is someone who promotes the products and services of a company. They devise strategies to increase sales and revenue while ensuring that these strategies are in line with customer needs and market demand.To learn more about Business marketer, refer to:
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jones and hagen want to form a limited partnership. to do so, it is required that they multiple choice have a written partnership agreement. file a certificate of limited partnership with the federal government. merely evidence an intent to form a limited partnership. file a certificate of limited partnership with their state government.
For Jones and Hagen to form a limited partnership, it is required that they file a certificate of limited partnership with the state government.
What is a limited partnership?
A limited partnership is a kind of business partnership made up of two or more partners where one partner referred to as general partner runs and overseas the business while the limited partners do not partake in running or managing the business.
In the United States, partners that intend to form a limited partnersip must register the venture in their respective or applicable state.
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destani has a small business that is doing well, and she is ready to expand. before she does, she would like to meet with other female business owners and get their feedback. how might destani seek out information from other women to do this?
Distance seek information from other women by joining a networking group.
What is Networking group?Network Groups are groups made up of participants who meet to exchange information through activities such as workshops, seminars, and field trips. "Joint Industry Project (JIP)": a project funded by a group of FORCE participants who have decided to collaborate. In the offline world, social networks are the social ties that connect us to other people. These ties include family, friends, acquaintances, classmates, coworkers, neighbors, and so on. You broaden your knowledge. And the more you learn about your field, industry, or business, the more opportunities you'll have later on. By connecting with like-minded individuals on a professional and personal level, you gain access to a shared knowledge base.
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expense should be recorded to recognize the use of and benefit received from long-lived assets, such as equipment, during the accounting period. (enter one word per blank.)
Depreciation expense should be recorded to recognize the use of and benefit received from long-lived assets, such as equipment, during the accounting period. Companies are required by accounting regulations to depreciate these assets throughout the course of their useful lives.
As a result, the businesses must record accumulated depreciation, which is the total amount of depreciation expense recorded over an asset's lifetime. Expenses that are paid in cash and recorded as assets before they are utilized or consumed are known as accounting prepaid expenses. Once purchased, the cost of a long-lasting asset is typically amortized over the asset's anticipated useful life.
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depending on the product, there may be a person who acts as a(n) blank in the buyer center, often by providing specifications for the product being purchased or the vendor being considered.
Depending on the product, there could be a representative who serves as a consultant in the buyer center. They frequently accomplish this by giving details on the product being purchased or the vendor being considered.
The required details for consultative in given paragraph
Anything or anyone engaged in the business of offering guidance or advise can be described as consultative. It frequently refers to an official organization, as a committee that advises the government or a business that offers consulting services in a particular field of expertise.
Buying a car is a common situation where consultative selling is shown. Here, the salesperson for the car enquires as to the kind of vehicle you're looking for, tries to comprehend how you'll use it, learns what matters to you, and offers recommendations.
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safeco inc. has no debt, and maintains a policy of holding $10 million in excess cash reserves, invested in risk-free treasury securities. if safeco pays a corporate tax rate of 21%, what is the cost of permanently maintaining this $10 million reserve? (hint: what is the present value of the additional taxes that safeco will pay?)
The cost of permanently maintaining the $10 million reserve that is the present value of the additional taxes that Safeco will pay is -$2.1 million.
The present value will remain negative as long as the interest rate remains positive. (Interest rates are without exception always positive).
It can be defined as the current value of future or upcoming cash flows of an investment.
The present value which in this problem represents the cost of permanently maintaining the $10 million reserve can be determined using the formula;
PV = Tc × D
Here,
D = -$10 million (negative debt)
Tc = 21% = 21 ÷ 100 = 0.21
PV = 0.21 (-10 million) = -2100000 = -2.1 million
This is the present value of the additional taxes that Safeco will pay.
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What does Beshara say is important about the book
Answer:
what book there'S A LOT
RESEND IT THX
What does a company's customer service department do?
A.
Promote the company to new groups of potential customers.
B.
Interact with customers after they have purchased the product.
C.
Receive payments from customers and handle the company's money.
D.
Handle employee-related procedures.
What a company's customer service department do is: B. Interact with customers after they have purchased the product.
What is customer service?Customer service can be defined as the process of responding to customers inquires and developing a rapport with customers which in turn can help to increase a company customer base.
Customer service department must tend to often interact with their customers after a customer buy their product so as to know whether the customer is satisfy with the product and this can as well enables the customer to continue patronizing the company products.
Therefore what a company's customer service department do is: B. Interact with customers after they have purchased the product.
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as consumer demand for new homes increases, lumber, concrete, and steel suppliers may experience an increase in demand for their products, which is an example of blank demand.
When the consumer demand for new homes increases, lumber, concrete, which makes a steel suppliers to experience an increase in demand for their products, this is an example of a derived demand.
What is a derived demand?Basically, in economics, a demand refers to the quantity of a good that consumers are willing and able to purchase at various prices during a given time.
Under the demand topic, a derived demand means the demand for a good or service that results from the demand for a different or related, good or service. It is mainly related to the demand placed on a product or service for its ability to acquire or produce another good or service.
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the managers of simple sound manufacturing are struggling to meet their quota that was recently increased by upper management. they decide to eliminate two quality control steps in the manufacturing process. this is unethical behavior that was a result of
Since the managers have decide to eliminate two quality control steps in the manufacturing process because they are struggling to meet their quota that was recently increased by upper management, then, this is an unethical behavior that was a result of an unrealistic performance goals.
What is an unethical behavior?Basically, an unethical behavior means an action exhibited by someone, which are oppose to what is expected of such individual occupying such position to act in normal circumstance. These behavior may be exhibited by anyone in power ranging from the presidency to the grass-root public servant.
When we talk about an unethical behavior, we are referring to actions that do not conform to the acceptable standards of business operations or failing to do what is right in every situation. It can be an individual within a business who is unethical in the course of job and in corporate culture, it could be when the whole business is corrupt from the top down with disastrous results for society.
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The rlx co. Just paid a dividend of $3. 20 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year indefinitely. If investors require a return of 10. 5 percent on the company’s stock, what is the current price? what will the price be in 3 years in 15 years?.
If the company just paid a dividend of $3.20 per share on its stock and the investors require a return of 10.5% on stock, then the current price is equal to $51.2. The price in 3 years will be $57.54 and the price in 15 years will be $92.15.
If the rlx company just paid a dividend of $3.20 per share on its stock, then the current price can be determined by using the following formula;
Current price = Dividend ÷ (return % - change %)
Dividend can be calculated as follows;
D = 3.20 (1+0.04) = 3.20 (1.04) = 3.328
Substituting this value in the above formula;
Current price = 3.328 ÷ (0.105 - 0.04)
Current price = 3.328 ÷ 0.065 = $51.2
Now we calculate the price in the 3 years as follows;
3.328 (1+0.04)^3 = 3.74
Price (3 years) = 3.74 ÷ (0.105 - 0.04)
Price (3 years) = 3.74 ÷ 0.065
Price (3 years) = $57.54
Similarly, we can determine the price in 15 years as follows;
3.328 (1 + 0.04)^15 = 5.99
Price (15 years) = 5.99 ÷ (0.105 - 0.04)
Price (15 years) = 5.99 ÷ 0.065
Price (15 years) = $92.15
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suppose the price elasticity of demand is relatively elastic, and the price elasticity of supply is relatively inelastic in a specific market. if an excise tax is imposed on this good, who will bear the greater burden of the tax?
If an excise tax is imposed on goods when price elasticity of demand is relatively elastic and the the price elasticity of supply is relatively inelastic in a specific market, The producers will bear the greater burden.
In the scenario specified in the question, price elasticity of demand is relatively elastic and the price elasticity of supply is relatively inelastic. This means that the consumers are relatively more price sensitive compared to the suppliers in the market. Hence, consumers will be more reactive to any change in price of the good than the sellers in the market. if an excise tax is imposed especially on the consumers, the effect will be more on the producers because supply is inelastic and consumers can determine demand due to its elasticity.
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