Taking reservations can be used by service providers to manage demand efficiently so that it meets but does not exceed capacity.
The quantity of a product that customers are ready and able to buy at different prices during a specific period is known as demand in economics. The demand curve is another name for the relationship between price and amount desired. Demand for a given product depends on a variety of factors, including perceived need, price, perceived quality, ease, alternatives offered, buyer preferences, and discretionary income. A good's possible prices and the quantities that would be bought at those rates make up the fundamental connection between supply and demand. The association is typically negative, indicating that raising the price will result in consumers buying less of something.
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a(n) is a contract in which the seller has not transferred the goods or services to the customer nor has it received, or is entitled to receive, consideration in exchange for the promised goods or services.
A contract in which the seller has not transferred the goods or services to the customer nor has it received, or is entitled to receive, consideration in exchange for the promised goods or services is known as an executory contract.
An executory contract is a legally binding agreement between two parties in which one party has promised to deliver goods or services, while the other party has promised to pay for them. However, at the time the contract was entered into, neither party has yet fulfilled their obligations.
This means that the contract is still in progress and the transaction has not been completed. Until the goods or services have been delivered and payment received, the contract remains executory.
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which of the following statements regarding the simple eoq model is true? question 24 options: orders are placed after a fixed review period. if an order quantity is larger than the eoq, the annual ordering cost exceed the annual holding cost. the simply eoq model assumes demand to be known and constant. the simple eoq model allows for price discounts.
The following statement regarding the simple EOQ model is true
The simple EOQ model is an inventory control model that aims to determine the optimal quantity of inventory to order to minimize the total cost of inventory.
The model includes two types of costs, which are the ordering cost and the holding cost. The ordering cost is the cost associated with placing an order for inventory, while the holding cost is the cost of holding inventory in stock.The Simple EOQ Model is suitable for companies with a continuous demand for a product, which means that the demand for the product is constant and known.
It also assumes that the lead time to receive the inventory is constant and known. Orders are placed at fixed intervals, which are determined by the review period. The model is optimal when the ordering cost and the holding cost are minimized.
The following assumptions are made in the Simple EOQ Model:
Demand for the product is constant and known.The lead time to receive the inventory is constant and known.Orders are placed at fixed intervals, which are determined by the review period. The review period is equal to the sum of the lead time and the safety stock.The safety stock is the amount of inventory held to protect against stockouts.The price of the product does not change.The costs associated with ordering and holding inventory are known and constant.
The Simple EOQ Model allows for price discounts. If an order quantity is larger than the EOQ, the annual ordering cost exceeds the annual holding cost. Therefore, the model helps determine the optimal order quantity to minimize the total cost of inventory.
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lane is using the model of decision making. which of the following represents the primary assumption of this model? decision making is done logically by reviewing all of the alternatives possible and considering the consequences of each. decision making is not a logical process because constraints force people to be less than logical. people have different preferences in decision making, and the best decisions are made by multiple people with different preferences
Ligeia is using the option (c) bounded rationality model of decision-making
Bounded rationality is a decision-making model that suggests that individuals, when making decisions, often face limitations in their ability to gather and process information. Therefore, they rely on heuristics or rules of thumb to simplify the decision-making process. In the case of Ligeia, she had a specific set of criteria in mind for her new car: bright blue color and a manual transmission.
She only test drove one car that met those criteria, and since it was the first one she found, she bought it without looking at any other options. This decision-making process can be seen as an example of bounded rationality because Ligeia did not explore all of her options before making a decision, but instead relied on a simplified decision-making process based on her specific criteria.
Therefore, the correct option is (c) Bounded rationality
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The given question is incomplete, the complete question is:
Ligeia has to make a decision NOW. She’s been looking for a new car and she knows there are two dozen different manufacturers of small hatchbacks, but she’s only going to have time to look at a few of them. She wants a car that is bright blue and has a manual transmission. On Tuesday she test drove a Honda Civic. Since the car was the first one Ligeia saw that had the two things she cared about, she bought the car without looking anymore.
1. Ligeia is using the ... model of decision-making.
a. rational
b. z
c. bounded rationality
ursa major solar uses data from the grand total of a custom report to create their dashboard. which two components will populate the grand total properly?
The two components that will properly populate the total for Ursa Major Solar's custom report are the sum of all individual solar energy production data and the total energy usage data.
The two components that will properly populate the total are "energy generated" and "energy consumed." What is Ursa Major? Ursa Major Solar is a software company that produces solar monitoring and control software. Their web-based software, SunSite, is one of the most advanced and comprehensive solar monitoring platforms available. It includes monitoring and control software for solar panels, inverters, and other equipment. What is the total? The Grand Total is a type of custom report that is used in SunSites and Ursa Major Solar's solar monitoring software. This report calculates the energy generated and consumed over a given period. The report can be customized to show data for a specific period, location, or piece of equipment. This report is then used to populate the data on the SunSite dashboard. What two components will properly populate the total? The two components that will properly populate the total are "energy generated" and "energy consumed." These two components are used to calculate the energy balance for a given period. The energy generated is the total amount of energy produced by the solar panels, while the energy consumed is the total amount of energy used by the equipment that is connected to the solar panels. By subtracting the energy consumed from the energy generated, you can calculate the net energy produced by the solar panels. This data is then used to populate the total on the SunSite dashboard.
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consider the market for teslas. the price of gasoline increases and the cost of producing tesla batteries rise. how will the market for teslas respond?
The price of gasoline increases and the cost of producing Tesla batteries rise prices will rise and the equilibrium quantity will increase. Option (b)
If the price of gasoline increases and the cost of producing Tesla batteries rises, the market for Teslas is likely to respond as follows:
Increase in demand for Teslas: As the price of gasoline increases, consumers are more likely to look for alternatives to gas-powered vehicles, such as electric vehicles like Teslas. This could lead to an increase in demand for Teslas.
Decrease in supply of Teslas: If the cost of producing Tesla batteries rises, it could lead to a decrease in the supply of Teslas. This is because Tesla may have to increase the price of their vehicles to cover the higher production costs or reduce the number of vehicles produced due to the higher cost.
Increase in price of Teslas: With an increase in demand and a decrease in supply, the price of Teslas is likely to increase. This could make Teslas less affordable to some consumers, which may result in a reduction in demand over time.
Overall, the market for Teslas is likely to experience both an increase in demand due to the increase in gasoline prices and a decrease in supply due to the rise in production costs. The net effect on the price of Teslas is uncertain and will depend on the relative magnitude of these factors.
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Full Question: The price of gasoline increases and the cost of producing Tesla batteries rise. How will the market for Teslas respond? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.
a) prices will rise and the equilibrium quantity may or may not change.
b) prices will rise and the equilibrium quantity will increase.
с )prices will rise and the equilibrium quantity will decrease.
d) There is not enough information to answer the question
25 employees of an organization are seated on the same floor. if true, which of the following would strengthen the perception of entitativity among the employees? a. when employees' performances are not dependent on each other b. when interactions between employees are limited c. when employees share the same values and beliefs d. when each employee on the floor performs different tasks
Option C, "when employees share the same values and beliefs", would strengthen the perception of entitativity among the employees.
Entitativity is a concept that refers to the degree to which a group of individuals are perceived as being a single entity or having a sense of unity. The degree to which a group of individuals is seen as a single entity is influenced by several factors, including similarity, proximity, and common goals.
When employees share the same values and beliefs, they are more likely to have similar goals and work toward achieving them together. This sense of common purpose and shared identity would, therefore, strengthen the perception of entitativity among the employees.
Interactions between employees are also another factor that would strengthen the perception of entitlement among the employees. Interactions between employees would enable them to communicate more effectively, form relationships, and build trust.
Thus, it would help to promote a sense of unity and belonging among the employees. The correct answer is option C.
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you want to be able to withdraw $50,000 each year for 15 years. your account earns 5% interest. how much do you need in your account at the beginning?
To withdraw $50,000 each year for 15 years at an interest rate of 5%, a total amount of $921,964.56 is needed in the account at the beginning.How to calculate how much to withdraw per year:
the annuity formula: PV = PMT x [(1 - (1 / (1 + r)n)) / r]
Where PV = present value, PMT = payment, r = interest rate, and n = number of periods.
We can rearrange the formula to find PMT:
PMT = PV / [(1 - (1 / (1 + r)n)) / r]
For the given scenario:
PMT = $50,000n = 15r = 5% = 0.05PV = ?
Now substitute the values into the formula and solve for PV:
PMT = PV / [(1 - (1 / (1 + r)n)) / r]$50,000 = PV / [(1 - (1 / (1 + 0.05)15)) / 0.05]
$50,000 = PV / [(1 - (1 / 1.9561214)) / 0.05]
$50,000 = PV / [(0.4882639) / 0.05
]$50,000 = PV / 9.765278
$50,000 x 9.765278 = PV
$488,263.9 = PV
So, the amount that needs to be in the account at the beginning is $488,263.9, but this is not the final answer. This is the present value of the total amount needed to withdraw for 15 years. We need to find the future value of this amount to know the total amount needed at the beginning, which will include the interest earned over 15 years.
To find the future value, we can use the compound interest formula:FV = PV x (1 + r)nFV = $488,263.9 x (1 + 0.05)15FV = $921,964.56Therefore, the final answer is $921,964.56.
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if the fixed cost of alex's engraving business is $100, and the variable cost of each engraving job is $20, what is the marginal cost of the second engraving job?
If the fixed cost of Alex's engraving business is $100, and the variable cost of each engraving job is $20, $20 is the marginal cost of the second engraving job
The marginal cost is the additional cost of producing one more unit of output, which in this case is one more engraving job.
Since the fixed cost does not change with the number of engraving jobs produced, the only cost that varies with each job is the variable cost of $20.
Therefore, the marginal cost of the second engraving job would be the same as the variable cost of $20, because that is the additional cost of producing the second engraving job.
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3d printing has many benefits for businesses. suggest three products that cbi might print instead of procure with traditional means and three that your university might print. which procurement objectives does 3d printing support?
Three products that CBI might print instead of procuring with traditional means that: Manufacturing tools that are unique to your company's requirements can be created by 3D printing.
Which procurement objectives does 3D printing support?3D printing has the potential to support many procurement objectives, including:
1. Price reduction: 3D printing can save companies money by reducing material waste and transportation expenses.
2. Supply Chain Efficiency: 3D printing may help businesses manage their inventory and reduce lead times by providing a digital supply chain.
3. Quality Improvement: With 3D printing, components may be produced with a high degree of precision, resulting in better quality products.
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during the year, eugene had the four property transactions summarized below. eugene is a collector of antique glassware and occasionally sells a piece to get funds to buy another. property date acquired date sold adjusted basis sales price antique vase 06/18/11 05/23/22 $37,000 $42,000 blue growth fund 12/23/13 11/22/22 22,000 38,000 (100 shares) orange bonds 02/12/14 04/11/22 34,000 42,000* green stock 02/14/22 11/23/22 11,000 13,000 (100 shares) *the sales price included $750 of accrued interest income. a. what are the amount and nature of the gain or loss from each of these transactions? property type of gain or loss amount antique vase $fill in the blank 2 blue growth fund $fill in the blank 4 orange bonds $fill in the blank 6 green stock $fill in the blank 8 b. how is the accrued interest on the orange bonds treated by eugene for tax purposes? the amount is reported as
a. Antique vase: $5,000 long-term capital gain
b. Accrued interest on orange bonds is reported as taxable interest income.
a. The sum and nature of the increase or misfortune from every one of the exchanges are:
Classical jar: Long haul capital increase of $5,000 ($42,000 - $37,000)
Blue development reserve: Long haul capital addition of $16,000 ($38,000 - $22,000)
Orange bonds: Long haul capital increase of $8,750 ($42,000 - $34,000 - $750)
Green stock: Transient capital increase of $2,000 ($13,000 - $11,000)
b. The gathered interest on the orange bonds is treated as interest pay for charge purposes. Eugene should report the $750 of accumulated interest pay as available pay on his government form for the time of offer, despite the fact that he didn't really get the interest installment prior to selling the bonds. The purchaser of the bonds would get the interest installment for the period from the last installment date to the date of offer.
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jack enters into a contract with jill to sell her 600 posters at $12. the posters are to be completed and delivered to jill starting in june and ending in december 2020. on october 1, 2019, after 400 posters have been delivered, jack and jill modify the agreement to sell an additional 100 posters for $600 ($6 per poster). the new price is less than the stand-alone price as of october 1, 2020. jack regularly sells the posters separately. what amount of revenue per poster will jack recognize during october through december 2020?
The amount of revenue per poster will jack recognize during october through december 2020 is calculated to be $15.60.
To determine the amount of revenue per poster that Jack will recognize during October through December 2020, we need to calculate the total revenue and total number of posters for the modified agreement.
The original agreement was for 600 posters at $12 each, for a total of $7,200. After 400 posters were delivered, the modified agreement was for an additional 100 posters at $6 each, for a total of $600. The total revenue from both agreements is therefore:
Total revenue = $7,200 + $600
Total revenue = $7,800
The total number of posters is 400 from the original agreement plus 100 from the modified agreement, for a total of 500 posters.
To determine the revenue per poster, we divide the total revenue by the total number of posters:
Revenue per poster = Total revenue / Total number of posters
Revenue per poster = $7,800 / 500
Revenue per poster = $15.60
Therefore, Jack will recognize revenue of $15.60 per poster during October through December 2020.
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owns 50,000 shares of stock in lmn corporation. she receives a dividend on the stock of $1 per share. how does kim report this $50,000 dividend payment?
Kim should report the $50,000 dividend payment on her tax return as taxable income. Dividends are considered taxable income by the Internal Revenue Service (IRS) and must be reported on an individual's tax return.
The amount of tax owed on the dividend payment will depend on Kim's tax bracket. If she is in a higher tax bracket, she may owe more in taxes on the dividend income.
Additionally, if the stock was held for less than 61 days before the ex-dividend date, the dividend income may be considered a short-term capital gain, which is taxed at a higher rate than long-term capital gains.
It's important to note that the corporation should have already withheld taxes on the dividend payment. Kim should receive a Form 1099-DIV from the corporation that shows the total amount of dividends paid to her during the tax year.
This information should be reported on her tax return using Form 1040, Schedule B. Kim should consult with a tax professional if she has questions or concerns about reporting her dividend income.
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which of the following criteria need not apply in order for a company to apply the revenue recognition standard to a contract? a.each party's rights regarding the goods or services to be transferred are identifiable. by.all parties of the contract must approve the contract and commit to performing their obligations under the contract. c.it is possible that the company will collect the consideration to which it is entitled in exchange for the goods or services that it will transfer to the customer. d.the contract has commercial substance.
Option C is correct, The criteria are that the company may collect the consideration to which it is entitled in exchange for the goods or services that it will transfer to the customer.
According to the accounting principle of revenue recognition, revenue must be recorded as it is earned. The delivery of the goods to the customer is an example of a significant event that triggers the recognition of revenue. Along with the matching principle, the revenue recognition concept forms the basis of accrual accounting.
They both decide when income and expenses are recorded in the accounting period. No matter when cash is received, according to the principle, revenues are recognized whenever they are generated and realized (often when goods are transferred or services are delivered). Contrarily, in cash accounting, regardless of when products or services are sold, revenues are recognized when cash is received.
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if a $6 tax were levied in this market, which areas would represent the portion of the tax burden that sellers bear?
If a $6 tax were levied in this market, the portion of the tax burden that sellers bear would depend on the price elasticity of demand and supply.
If the demand for the product is highly elastic and the supply is relatively inelastic, then the sellers would bear most of the tax burden. This is because buyers are highly responsive to changes in price and would be willing to reduce their quantity demanded significantly when faced with a price increase due to the tax.
The sellers, on the other hand, would not be able to adjust their quantity supplied as easily and would have to bear most of the tax burden by reducing their profit margin.
However, if the demand is relatively inelastic and the supply is highly elastic, then the buyers would bear most of the tax burden. This is because even though the sellers would have to reduce their quantity supplied due to the tax, the buyers would still be willing to pay a higher price to obtain the product, since their demand for it is relatively inelastic.
Overall, the allocation of the tax burden between sellers and buyers would depend on the relative elasticity of demand and supply in the market.
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which answer reflects (in this order) a good, a service, and an idea that can be marketed? multiple choice a toothbrush, laser teeth whitening, and dental hygiene an iphone, an ipad, and an apple watch a cd, a concert, and a souvenir t-shirt a political candidate, democracy, and freedom a candy bar, a wastepaper basket, and a vending machine
A toothbrush, laser teeth whitening, and dental hygiene reflect a good, a service, and an idea that can be marketed.
The correct option is A .
In general , good is a tangible physical product which are bought and sold, is toothbrush. A service is an intangible offering that is performed for a customer, such as laser teeth whitening or dental hygiene services.
Also we can say that any idea or a concept or belief that can be marketed, such as a political candidate's campaign platform centered around democracy and freedom. so we can say that A toothbrush, laser teeth whitening, and dental hygiene reflects a good product , a good service , and an idea can be marketed.
Hence, A is the correct option
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dex is the cfo for trask enterprises. he is meeting with the ceo and other members of the leadership team to create a formal plan for helping trask to meet its financial objectives. dex is most likely assisting with a multiple choice balance sheet. capital budget. financial plan. treasury index. credit index.
The Correct Answer is option A. A financial plan is a comprehensive evaluation of an individual or organization’s current and future financial state.
It is a well-organized strategy to assist in achieving a number of monetary objectives. Dex is probably helping Trask Enterprises with a financial plan to help it achieve its financial goals. The financial plan will outline ways to attain the targeted objectives after accounting for the company's present financial status.
This entails examining the present budget, projecting future costs, examining potential investments, and weighing the risks and potential returns of each. Strategies to cut expenses and boost revenue may also be included in the financial strategy.
The financial strategy will also give the organisation instructions on how to optimise its financial potential. Upon completion of the financial plan, to make sure the business achieves its financial objectives, Dex and the leadership team may track the development and make adjustments as necessary.
Complete Question:
Dex is the CFO for Trask Enterprises. He is meeting with the CEO and other members of the leadership team to create a formal plan for helping Trask to meet its financial objectives. Dex is most likely assisting with a
Multiple Choice
A. financial plan.
B. credit index.
C. balance sheet.
D. treasury index.
E. capital budget.
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which social media outlet has seen incredible growth, such that the company grows by 8 people per second? multiple choice question.
Face-book is the social media outlet or platform that has been recorded an incredible company growth- at a rate of 8 people per second.
A social media outlet or platform is a broad technology which has made it easier to interact with the people all over the world, share the ideas, interests, and other expressions with them. It has also become a common stage of entertainment for all.
Most of the social media users either directly use browsers or run these technologies through the websites. While others use downloaded applications in their respective mobiles. This is the way people interact with others on the platform and share their respective ideas and interests among themselves through a content published online.
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he document that assists an entrepreneur and the management team in focusing on important issues and activities is a. the business plan. b. the sales analysis.
The document that assists an entrepreneur and the management team in focusing on important issues and activities is the business plan.
The correct option is A .
In general ,business plan generally includes a description of the company, their products, market terms, strategies, financial projections, and managing team. They also consists of a section on operational plans, including production processes and distribution channels.
Also , Business plan is known as the written document that helps to generate a company's goals, strategies, and operations for achieving success. It provides a roadmap for the company and helps entrepreneurs and management teams to focus on important issues and activities.
Hence, A is the correct option
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balance the assembly line shown below for (a) a shift output of 60 pieces and (b) a shift output of 45 pieces. assume an 6-hour shift, and use the rule: choose the assignable task with the longest processing time. compute the line efficiency for each case.
a) Line efficiency for a shift output of 60 pieces is 16.67%.
b) Line efficiency for a shift output of 45 pieces is 15.63%.
To balance the assembly line, we need to determine the cycle time and the number of workers needed for each scenario. To produce 60 pieces in an 6-hour shift, we need to produce 10 pieces per hour or 1 piece every 6 minutes. The longest processing time is 2.5 minutes for Task C. Therefore, the cycle time is 2.5 minutes.
Station Task Processing Time (minutes) Number of Workers
1 A 1 2
2 B 1.5 1
3 C 2.5 2
The theoretical output of the line is 24 pieces per hour, so to achieve 60 pieces in 6 hours, we need 15 workers (60/24 = 2.5 workers per hour x 6 hours = 15 workers).
The line efficiency is (actual output / theoretical output) x 100% = (60 / (24 x 15)) x 100% = 16.67%.
To produce 45 pieces in an 6-hour shift, we need to produce 7.5 pieces per hour or 1 piece every 8 minutes. The longest processing time is 2.5 minutes for Task C. Therefore, the cycle time is 2.5 minutes.
Station Task Processing Time (minutes) Number of Workers
1 A 1 1
2 B 1.5 1
3 C 2.5 1
The theoretical output of the line is 24 pieces per hour, so to achieve 45 pieces in 6 hours, we need 11.25 workers (45/24 = 1.875 workers per hour x 6 hours = 11.25 workers). Since we cannot have a fraction of a worker, we will round up to 12 workers. The line efficiency is (actual output / theoretical output) x 100% = (45 / (24 x 12)) x 100% = 15.63%.
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mc corporation produces headphones that have a selling price of $200 and a current contribution margin ratio of 40%. variable costs include cost of goods sold and sales commissions. next year, cost of goods sold will be $120 per unit, and sales commissions will be 5% of sales. there will be no change in unit selling price. calculate the contribution margin ratio for next year.
The contribution margin ratio for next year will be 35%.
To calculate the contribution margin ratio for next year, follow these steps:
1. Calculate the total variable costs per unit: $120 (cost of goods sold) + $10 (5% of $200 sales commission) = $130.
2. Subtract the total variable costs per unit from the selling price: $200 - $130 = $70.
3. Divide the difference by the selling price: $70 / $200 = 0.35 or 35%.
Next year's contribution margin ratio will be 35% due to the increase in variable costs (cost of goods sold and sales commissions). The selling price remains unchanged, but the increased costs reduce the contribution margin ratio.
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under the epa, an employer is required to not discriminate in pay against a specific gender if the jobs performed are: blank . multiple choice question.
Employers must comply with the Equal Pay Act enforced by the EPA which guarantees that employees performing equal work are paid equally regardless of gender therefore the correct option is A.
This means an employer should not pay someone differently based on their s-ex or gender if they are doing the same job with similar skill and responsibility. The wages must also be comparable in terms of quality, quantity, and frequency of payment as well.
Non-discriminatory practices must be applied to ensure that all employees receive fair compensation for their work regardless of gender. In addition, employers should provide a transparent system for evaluating qualifications and setting levels of pay that everyone can access.
Hence the correct option is A.
Question is incomplete the complete question is
under the epa, an employer is required to not discriminate in pay against a specific gender if the jobs performed are:
A equal work are paid equally regardless of gender.
B equal work are paid equally .
C Not equal work are paid equally regardless of gender.
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in 2021, the additional child tax credit of $1,600 (child under 6) or $1,000 available to married taxpayers filing jointly is phased out, beginning at: a.$150,000 b.$400,000 c.$200,000 d.$406,750
In 2021, the additional child tax credit of $1,600 (child under 6) or $1,000 available to married taxpayers filing jointly is phased out, beginning at $400,000. Therefore, the correct option is B.
In order to determine when additional child tax credit available to married taxpayers filing jointly is phased out is as follows:1. Identify the available options: a.$150,000, b.$400,000, c.$200,000, d.$406,750
2. Recall that the question is asking for the phase-out threshold for the additional child tax credit in 2021 for married taxpayers filing jointly.
3. Research or check the current tax law for the correct threshold.
4. The correct phase-out threshold for the additional child tax credit in 2021 is $400,000 for married taxpayers filing jointly.
So, the correct answer is Option B: $400,000.
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we know that a lorenz curve plots income versus its distribution to total population. what value is typically represented as the curve bows away from the 45 degree axis? select the correct answer below: income distribution inequality. an increase in income distributiuon equality. income accumulates in the higher decile population distribution
Option a: Income distribution inequality is the value which is typically represented as the curve bows away from the 45 degree axis.
In economics, the Lorentz curve is a graphical representation/portrayl of the distribution of income or wealth. Developed by Max O. Lorenz in 1905 to show inequality in the distribution of wealth.
This curve is a graph of the percentage of total income or wealth contained in the bottom x% of the population, which is not necessarily true for a finite population. It is often used to show the distribution of income, showing what percentage (y%) of total income the bottom x% of households have. The X-axis shows household percentages and the Y-axis shows income percentages. It can also be used to show wealth distribution. Used in this way, many economists see it as a measure of social inequality.
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a small economy increased its capital per hour worked (k/l) from $40,000 to $50,000. as a result, real gdp per worker (y/l) grew from $20,000 to $25,000. if the economy increases its capital per hour worked by another $10,000 to $60,000, but there is no change in technology, by how much more and in what direction will output per worker change? group of answer choices
If the economy increases its capital per hour worked by another $10,000 to $60,000 with no change in technology, the output per worker will increase by less than $5,000, So, option D is correct.
If a small economy increases its capital per hour worked (k/l) from $40,000 to $50,000 and its real GDP per worker (y/l) grew from $20,000 to $25,000, we can analyze the changes to predict the impact of an additional $10,000 increase in capital per hour worked by following steps:
Step 1: Calculate the ratio of the changes in capital per hour worked and real GDP per worker in the initial scenario.
- Initial change in capital per hour worked: $50,000 - $40,000 = $10,000
- Initial change in real GDP per worker: $25,000 - $20,000 = $5,000
- Ratio of changes: $5,000 / $10,000 = 0.5
Step 2: Apply the ratio to the new increase in capital per hour worked.
- New increase in capital per hour worked: $10,000
- Predicted change in real GDP per worker: $10,000 * 0.5 = $5,000
Step 3: Determine the direction of the change in output per worker.
- Since the predicted change in real GDP per worker is positive, the direction of the change is an increase.
In conclusion, if the economy increases its capital per hour worked by another $10,000 to $60,000 with no change in technology, the output per worker will increase by less than $5,000. Hence, the correct answer is D. output per worker will increase by less than $5000.
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Complete Question
a small economy increased its capital per hour worked (k/l ) from $40,000 to $50,000. As a result, real GDP per worker (Y/L) grew from $20,000 to $25,000. If the economy increases its capital per hour worked from $50,000 to $60,000, but there is no change in technology, by how much more and in what direction will output per worker change?
A. output per worker will fall by more than $5000
B. output per worker will increase by more than $5000
C. output per worker will increase by exactly $5000
D. output per worker will increase by less than $5000
at the beginning of the year, mitchum enterprises allows for estimated uncollectible accounts of $21,000. by the end of the year, actual bad debts total $24,500. required: 1. record the write-off to uncollectible accounts.
The write-off of uncollectible accounts is Debit Allowance for Doubtful Accounts as $24,500 and Credit Accounts Receivable as $24,500
To record the write-off to uncollectible accounts, we need to use the allowance method for accounting for bad debts. Under this method, we estimate and record a provision for doubtful accounts at the beginning of the accounting period. At the end of the period, we adjust this estimate for any actual bad debts that occurred during the period.
In this case, Mitchum Enterprises estimated uncollectible accounts of $21,000 at the beginning of the year. This means that they recorded a provision for doubtful accounts of $21,000 as an expense in their income statement and also created a corresponding allowance for doubtful accounts on their balance sheet.
At the end of the year, actual bad debts totaled $24,500. To record the write-off of this amount, we need to remove the corresponding amount from the allowance for doubtful accounts on the balance sheet. This is done by debiting the allowance for doubtful accounts and crediting accounts receivable for the same amount.
The journal entry to record the write-off of uncollectible accounts is:
Debit Allowance for Doubtful Accounts $24,500
Credit Accounts Receivable $24,500
After this write-off, the balance in the allowance for doubtful accounts should be adjusted to reflect the estimated uncollectible accounts for the next accounting period.
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if interest rates in country x increase, will the immediate consequence be a current account deficit, surplus, or no change for country x? explain.
The immediate consequence of an increase in interest rates in country X on its current account balance cannot be determined without considering the specific characteristics of its economy, including the sensitivity of its exports and imports to price changes
An increase in interest rates in a country can have various effects on its economy, including its current account balance. However, the direction of the effect depends on various factors and is not always straightforward.
In general, an increase in interest rates is likely to lead to an appreciation of the country's currency. This is because higher interest rates make the country's assets more attractive to foreign investors, leading to an increase in demand for the currency. As a result, the exchange rate of the country's currency is likely to rise, making exports more expensive and imports cheaper.
If the country's exports are relatively price-sensitive, the appreciation of the currency may cause a decline in export demand, leading to a current account deficit. Conversely, if the country's imports are relatively price-sensitive, the depreciation of the currency may lead to an increase in import demand, leading to a current account deficit.
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if the research and development efforts of a firm have ended in failure, then group of answer choices the firm could experience a and/or b. r
The firm could experience A and/or B. The correct option is D.
If a firm's research and development (R&D) efforts end in failure, it could experience significant financial losses and may be forced out of business. R&D projects often require significant investment and can be very risky, with no guarantee of success. Even if the firm has had some success in the past, there is always the possibility of a project failing and causing financial difficulties for the firm.
While it is true that R&D projects rarely end in total failure, even partial failures can be costly and disruptive to a firm's operations. Therefore, it is important for firms to carefully manage their R&D projects and mitigate risks to ensure that they are not overly exposed to the possibility of failure.
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complete question-
If the research and development efforts of a firm have ended in failure, then
A. the firm could be driven out of business.
B. the firm will suffer losses.
C. R & D projects rarely end in total failure.
D. the firm could experience a and/or b.
following is a partial production cost report for mitchell manufacturing's canning department. equivalent units of production (eup) direct materials conversion units percent complete eup percent complete eup completed and transferred out 44,000 100% 44,000 100% 44,000 ending work in process 9,000 100% 9,000 70% 6,300 53,000 50,300 cost per eup direct materials conversation cost of beginning work in process $ 43,400 $ 63,700 costs added this period 145,100 195,100 total costs $ 188,500 $ 258,800 % eup from part (a) 53,000 50,300 cost per eup $ 3.56 per eup $ 5.15 per eup the total direct materials costs transferred out of the canning department equals:
The total direct materials costs transferred out of the canning department is $156,640.
To calculate the total direct materials costs transferred out, we need to find out the direct materials cost per equivalent unit (EUP) and the total EUP transferred out. From the given information, the direct materials cost per EUP is $3.56.
To calculate the total EUP transferred out, we can simply use the completed and transferred out EUP, which is 44,000. Therefore, the total direct materials costs transferred out can be calculated as follows:
Total direct materials costs transferred out = Direct materials cost per EUP x Completed and transferred out EUP
= $3.56 x 44,000
= $156,640
Hence, the total direct materials costs transferred out of the canning department is $156,640.
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a product line should not be discontinued if the contribution margin lost is question content area bottom part 1 a. less than the variable costs saved. b. more than the fixed costs saved. c. more than the variable costs saved. d. less than the fixed costs saved.
A product line should not be discontinued if the contribution margin lost is c. more than the variable costs saved.
Product line represents the strategy that involves adding more products to the current range. The income that remains after subtracting a product line's variable expenses is known as the contribution margin. Consider whether the contribution margin loss is higher than the expenses saved when choosing whether to discontinue a product line.
It may still be advantageous to terminate the product line if the contribution margin lost is less than the variable costs saved because the variable costs saved would be greater than the lost contribution margin. However, ending the product line would result in a net loss if the contribution margin lost was higher than the variable expenses saved.
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what is the purpose of the adjusted trial balance? group of answer choices to verify that all of the adjusting entries have been posted to verify that the net income (loss) is correctly reported to verify that no adjusting journal entry has been omitted to verify that the debits and credits balance
The purpose of the adjusted trial balance is to verify that the debits and credits balance. (option d).
Adjusting entries are journal entries made at the end of an accounting period to update accounts that have not been accurately recorded during the period. These entries include accruals, deferrals, and estimates.
By creating an adjusted trial balance, the accountant can verify that the accounts are up to date and that the net income or loss is correctly reported.
The adjusted trial balance is also used to ensure that the debits and credits balance after adjusting entries have been made. If the debits and credits do not balance, this indicates an error that needs to be corrected before final financial statements can be prepared.
This is an important step in the accounting cycle and ensures that financial statements are accurate and reliable.
So, the correct option is (d).
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