Answer:
Deadweight loss
Explanation:
:D
g If Marjorie Wilcox borrows $300 for one year with an APR of 21% and an annual service fee of $6, what is her total cost of credit
Based on the information given her total cost of credit is $69.
Total cost of creditUsing this formula
Total cost of credit =(Amount borrowed×APR)+Annual service
Where:
Amount borrowed=$300
APR=21%
Annual service=$6
Let plug in the formula
Total cost of credit=($300×21%)+$6
Total cost of credit =$63+$6
Total cost of credit=$69
Inconclusions her total cost of credit is $69.
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A product has a selling price of $10 per unit, variable expenses of $6 per unit and total fixed costs of $35,000. If 10,000 units are sold, net operating income will be $_______.
The net operating income on a product sold for $10 per unit is $5,000.
What is the net operating income?Net operating income(NOI) is the profit margin of an income-producing asset before any financing or tax charges are factored in.
The net operating income is computed by Subtracting all operational expenditures from all money collected on a property.
Mathematically;
NOI = ($10 - $6) × 10,000 - $35,000
NOI = $5,000.
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When more firms enter an industry:_____.
a. the industry supply curve will shift right.
b. the amount produced by each of the new firms will be less than the amount produced by each of the original firms.
c. the amount produced by each of the new firms will be greater than the amount produced by each of the original firms.
d. the industry supply curve will shift left.
Answer:
A, the industry supply curve will shift to the right
Explanation:
due to the increase in firms, the suppliers will have to produce more product for these firms.
True or false: A company may use LIFO or weighted average for financial reporting even if its goods flow physically on a FIFO basis.
It is true to the claim that a company may use LIFO or weighted average for financial reporting even the needed goods flow physically via FIFO means.
What are LIFO and Weighted Average?The weighted average approach, which is primarily used to allocate the average cost of production to a certain product, is most usually used when inventory items are so interconnected that assigning a precise cost to an individual unit becomes problematic.
The first-in, first-out (FIFO) approach depends on a cost flow assumption that eliminates expenses from the inventory account.
The Last in, first-out (LIFO) accounting presupposes that the most recently purchased products are the first to be sold.
However, it is true to the claim that a company may use LIFO or weighted average for financial reporting even the needed goods flow physically via FIFO means.
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A free enterprise system refers to:______.
a. Economic assets that are privately owned and exchanged in an open market.
b. Property ownership by a centralized government.
c. A mix of privately owned and government controlled economic assets.
A free enterprise system refers to : Economic assets that are privately owned and exchanged in an open market.
What is a free enterprise system?A free enterprise system refers to an economy, where the market determines prices, products, and services as compared to the government. This means that businesses and services are free of government control.
The free enterprise system allows for the privilege of individual ownership of property and the means of production.
Hence, a free enterprise system refers to economic assets that are privately owned and exchanged in an open market.
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Describe your most recent customer service experience in detail and what skills do you think could be applied to this position?.
A recent customer service experience could be described as one in which the representative served a meal with a smile on his/her face. Skills that could be applied to this position are patience, kindness, and empathy.
What is Customer Service?Customer service refers to the measures that are employed in delivering optimum service to customers.
The quality of service rendered will determine if the customer will want to patronize the business again. Effective communication and empathy are some skills required for this role.
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According to Walt Rostow's modernization model, a country becomes developed when __________. A. it becomes agriculturally self-sufficient B. it mobilizes capital for business investments, thereby increasing its exports C. it has a high literacy rate and widespread access to education for people of all social classes D. it has an economy based on the production of goods and services demanded by the global economy Please select the best answer from the choices provided. A B C D
A country becomes developed according to Walt Rostow's when : An economy based on the production of goods and services demanded by the global economy.
What is economic development?Economic development can be defined as increase in the income and standard of living of people in a country. It means enhancing the prosperity and quality of life for all residents within a country.
According to Walt Rostow's, when there is global demand for a country's produce, there is an economic development.
Hence, a country becomes developed according to Walt Rostow's when an economy based on the production of goods and services demanded by the global economy.
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Answer:
D
Explanation:
it has an economy based on the production of goods and services demanded by the global economy
The financial records of Sheffield Inc. were destroyed by fire at the end of 2020. Fortunately, the controller had kept certain statistical data related to the income statement as follows. 1. The beginning merchandise inventory was $99,360 and decreased 20% during the current year. 2. Sales discounts amount to $18,700. 3. 19,090 shares of common stock were outstanding for the entire year. 4. Interest expense was $20,400. 5. The income tax rate is 30%. 6. Cost of goods sold amounts to $460,000. 7. Administrative expenses are 20% of cost of goods sold but only 8% of gross sales. 8. Four-fifths of the operating expenses relate to sales activities. From the foregoing information prepare an income statement for the year 2020 in single-step form. (Round earnings per share to 2 decimal places, e.g. 1.48.)
SHEFFIELD INC.
Income Statement
Based on the information given SHEFFIELD INC. income statement is $133,630.
Income statementSHEFFIELD INC. income statement for the year ended December 31 2020
Revenues
Net sales $1,131,300
[(20%×$460,000)÷8%-$18,700[]
Expenses
Cost of goods sold $460,000
Selling expenses $368,000
[(5×$92,000)-$92,000]
Administrative expenses $92,000
(20%×$460,000)
Interest expense $20,400
Total expense $940,400
Income before income tax $190,900
( $1,131,300-$940,400)
Income tax expense $57,270
(30%×$190,900)
Net income/Loss $133,630
($190,900-$57,270)
Earning per share $7
( $133,630/$19,090)
Inconclusion SHEFFIELD INC. income statement is $133,630.
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In 2022, Cooke Corporation had cash receipts of $46,000 and cash disbursements of $22,000. Cooke's ending cash balance at December 31, 2022, was $78,000. What was Cooke's beginning cash balance
Answer:
54,000,000
Explanation:
Straight to the point
Willow Corp. (a C corporation) reported taxable income before the net operating loss deduction (NOL) in the amount of $100,000 in 2020. Willow had an NOL carryover of $90,000 to 2020. How much tax will Willow Corp. pay in 2020, what is its NOL carryover to 2021, and when will the NOL expire under the following assumptions?
a. $50,000 of the NOL was generated in 2016 and $40,000 of the NOL was generated in 2017.
b. $50,000 of the NOL was generated in 2018 and $40,000 was generated in 2019. Assume that Willow elects to forgo the carryback period on all NOLs eligible for carryback.
Willow Corp NOL carryover to 2021 (year 4) is $10,000
How to calculate Willow Corp NOL carryover to year 4Year 3 income = $100,000Carry forward losses:
Year 1 = $50,000Year 2 = $40,000Total carry forward losses = $50,000 + $40,000
= $90,000
Eligible carry forward loss = $100,000 × 80%
= $100,000 × 0.8
= $80,000
Willow Corp tax liability in year 3 = $100,000 - $80,000 × 21%
= $20,000 × 21%
= 20,000 × 0.21
= $4,200
Willow Corp NOL carryover to year 4 = Total carry forward losses - Eligible carry forward loss
= $90,000 - $80,000
= $10,000
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Would you expect supply to play a more significant role in determining the price of a basic necessity like food or a luxury like perfume? Explain. Hint: Think about how the price elasticity of demand will differ between necessities and luxuries.
I would expect supply to play a more significant role in determining the price of a basic necessity.
Why would supply play a more significant role in determining the price of a basic necessity?
A basic necessity is a good that is needed by the population. For example, food is needed for survival. As a result, the demand for a basic necessity is usually inelastic. This means that the quantity demanded is not sensitive to price changes.
This means that supply would play a more significant role in determining the price of a basic necessity because of the inelasticity of demand for basic necessities.
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When interest rates are high, consumers have a greater incentive to ______ more, but when interest rates are low, consumer have a greater incentive to ______. M
a. buy; sell
b. borrow; save
c. sell; buy
d. save; borrow
When interest rates are high, then the consumers have a greater incentive to save more, but when interest rates are low, consumer have a greater incentive to borrow more.
What is Interest Rate?This refers to the charge which is given for a particular loan which is replayed after a certain time.
With this in mind, high interest rates are not appealing to customers so they rather save and then borrow when the interest rates are low.
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Help me with this one two , still not sure what to do here
Answer:
NEED CORRECT IN FORMATION BECAUS NOT EASY TO SOLVE
Explanation:
An organization's approach to reuse must be matched to its: objectives. strategic business goals. staffing. budget. business process.
It should be noted that an organization's approach to reuse must be matched to its strategic business goals.
What is strategic business goals?This are goals that is been set by the organization so that the organization can achieve their task.
Strategic goal can as well be regarded as long-term objective for a business,this is because it addresses long term challenge rather than a short-term tactic.
With theses strategies the business can improve the way it operates.
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Social considerations beyond GDP are important, but they are difficult to quantify and they do involve __________value judgments.
Answer:
Snow fell from 6:30 a.m. to 11:00 a.m, accumulating at a constant rate. At 8:00 a.m., the snow was 8 inches deep. By 11:00 a.m., it was 20 inches deep.
How much snow fell each hour?
inches
How much snow was already on the ground at 6:30 a.m.?
Explanation:
Use the information in the table to decide which of the following statements is true. A. The payment amount changes each month. B. The amount applied to the principal is decreasing each month. C. The amount applied to the principal is increasing each month. D. The amount applied to interest is increasing each month.
Loan amortization schedule shows the summary regarding periodic loan payment. The given statment shows that the amount applied to the principal is increasing each month.
What is Loan Amortization Schedule?The loan amortization schedule is a schedule that shows the periodic loan payment of principal along with the interest after the end of each period.
The amount of payment for each month is same whereas the amount of principal and interest may vary.
The given schedule is a loan amortization schedule for three years. The principal amount in the 13th month is $325.82, 14th month is $328.19, 15th month is $330.57 and it keeps on increasing till the 19th month.
Therefore the correct statement is C.
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Answer: C The amount applied to the principal is increasing each month.
Explanation:
100% Edge
The strategic target of a best-cost provider is:____________
a) extremely price-conscious buyers in a lower market range.
b) value-conscious buyers in a high-end market range.
c) value-conscious buyers in a middle-market range.
d) value-conscious buyers in a lower market range.
e) a narrow market niche where buyers' needs and preferences are distinctively different.
It should be noted that the strategic target of a best-cost provider is c) value-conscious buyers in a middle-market range.
What is best-cost strategy all about?A best-cost strategy can be regarded as one where there is an offering of customers a better value for money and this done by pay attention on low cost and upscale difference.
The purpose of best-cost strategy is to keep costs and prices lower.
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if i have a 38% on my final grade and i get a 100% on an assigment what will my grade be now!?
If you saw an advertisement for an electric car that boasted 500 miles between battery charges, what form of non-price competition would that be?.
Non-price competition is a marketing strategy in which one firm tries to distinguish its product or service from competing products on the basis of attributes like design and workmanship. Consequently, the answer is:
advertisement- physical characteristicsAdvertisingThe most common or basic form of non-price competition is advertising. Non-price competition in economics consists of expenditures that are promotional such as sales promotion, coupons, advertising, and others. It also consists of the development of the new products, marketing research, and costs of brand management.
Therefore, the correct answer is given above.
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In one sentence, explain what would happen to the market value of professional baseball players if fewer fans watched baseball games.
If fewer fans watch baseball games, the market value of professional baseball players would fall.
What is the impact of fewer fans watching baseball games?If fewer fans watch baseball games, the income earned from selling baseball tickets would decline as less tickets would be sold.
As a result of the reduced income from the sales of baseball tickets, the income that processional baseball players would earn would decline. This would decline their market value.
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The production possibilities frontier will shift outward Part 8 A. if resources are not used in production. B. . C. if resources are used to produce consumption goods. D. . E. if production occurs outside the production possibilities frontier.
The production possibilities frontier will shift outward if resources are used to produce capital goods.
What makes the production possibilities curve to shift outward?The Outward or inward shifts in the PPF is known to be influenced by a lot of changes in the full amount of the needed production factors. It can also be due to advancements in technology.
When the total amount of production factors like labor or capital is known to go up, then the economy is said to be able to make more goods at any point.
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When people from the United States travel to countries in Europe, they might check to see how the U.S. dollar compares to the euro. In doing so, they are checking ______.
People often travel a lot. In doing the above, they are checking the currency exchange rate.
What is the currency exchange rate?An exchange rate is known to be the value of a country's currency versus. that of any other country or economic zone.
A lot of exchange rates are said to be free-floating and will sometimes rise or fall due to supply and demand in the market.
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Jeff drives his car and travels 60 km east, then comes
back and travels 30 km west all in 2 hours. Find the –
´ Total
distance covered,
´ Average
speed,
´ Total
displacement, and
´ Average
Velocity
wrong or nonsense = report
Answer:
Average speed
Explanation:
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Dr. Gonzales is concerned that including income, education, and occupational status, but not wealth, into a measure of socioeconomic status is problematic. Which type of validity is Dr. Gonzales concerned with?
The type of validity is Dr. Gonzales concerned wit is known as Content validity.
What is Content validity?Content validity is known to be one that is interested in coverage, or how well a specific element is taking all the different meanings of a single idea.
A multidimensional concept is one that is based on a key challenge to valid measurement..
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The president of the Northwoods University student body made a formal request to the IT department for additional computers in the main computer lab. The student body president is the ________ in the buying center.
A. initiator
B. gatekeeper
C. decider
D. buyer
E. gateway
Because of the formal request made, the President of the University is the:
A. initiatorWho is an Initiator?This refers to a person who makes the first offer for a thing or starts off negotiations or requests.
With this in mind and from the given question, we can see that because the president of the University made the formal request for additional computers, then he is the initiator.
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Which of the following describes the
situation in which a business cannot sell all of
the products it has produced?
A. consumer surplus
B. producer surplus
D. profit surplus
C. demand surplus
Answer:
consumer surplussurplussurplus
Explanation:
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The global market is a chain of u. S. Grocery stores where customers can purchase foods, beverages, and canned goods from other countries. Global market is an example of a company that:.
Global market is an example of a company that: Imports.
What is Importation?Importation is a business model that is focused on buying goods and services from other nations to resell in one's own country.
Given the business structure of Global Market, we can infer that they are a business that is focused on imports.
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Over the next few years, many organization will be collecting vast amounts of data on their employees ranging from engagement to
Over the next few years, many organizations will be collecting vast amounts of data on their employees ranging from engagement to well-being.
How is Big Data Collected?Much of the big data that employees, persons, organizations generate come from three major sources:
Machine DataTransactional DataSocial DataData collection and analysis provide insights that are useful for strategic decision-making. This is why organizations are looking to collect and analyze them.
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Which statistical function will be most helpful to a cost accountant trying to determine the best cost driver for an activity?.
The statistical function that will help to determine the best cost driver for an activity is called Activity Cost Driver.
What is an Activity Cost Driver?This is an accounting term. It describes the factor which increases or decreases the cost of specific business activity such as labor, maintenance, and other variable costs.
Examples of Activity Cost Drivers are:
Machine setupspower consumedquality inspectionsproduction orders etc.See the link below for more about Activity Cost Driver:
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A hailstorm destroys almost all of the wheat in Minnesota. What will happen to the price and quantity of wheat sold in the U.S.
As a result of the hailstorm, the price of wheat will increase and the quantity of wheat sold would decrease.
What would be the impact of the hailstorm on the supply of wheat?As a result of the hailstorm, wheat farms would be negatively affected. The hailstorm would most likely destroy wheat farms. As a result, the supply of wheat would decline and the price of wheat would increase.
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