The discrepancy between the account balance and cumulative depreciation is referred to as the book value of the equipment account. As part of numerous financial assessments, book values and market values of assets are frequently contrasted.
The equipment is projected to have lost value by $16,430,000 during the course of its useful life so far ($28,650,000 - $16,430,000 = a) $1,220,000 b) The balance in Accumulated Depreciation; however, this number may be more or lower than the actual loss in value. The business will account for the actual value reduction when the equipment is disposed away. Depreciation is utilised by businesses to align their operating expenses with their period-by-period revenue.
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auro Products distributes a single product, a woven basket whose selling price is $15 per unit and whose variable expense is $12 per unit. The company's monthly fixed expense is $4,200 Required: 1. Calculate the company's break-even point in unit sales. 2 Calculate the company's break-even point in dollar sales3. If the company's fixed expenses increase by $600, what would become the new break-even point in unit sales? In dollar sales? Answer is complete but not entirely correct. 1. Break-even point in unit sales 1,400 baskets2. Break-even point in dollar sales $ 21,0003. Break-even point in unit sales 4,200 baskets4. Break-even point in dollar sales $ 21,000
When the Fixed costs changes it's necessary to find a new break even point: -$ 4.800 for Annual Fixed Costs.
Calculate the break-even point of the company's unit sales. We need to sell 1,400 units.
Calculate the company's breakeven point in sales. You need to sell an amount of $21,000.
If the company's fixed costs increase by $600, what will be the break-even point for new unit sales?
With 1,400 units sold, the breakeven point for dollar sales is $24,000.
explanation:
The first break-even point indicates:
woven basket
Quantity 1,400
TOTAL Income Statement Unit
$21,000 Total Net Sales $15
-$16,800 variable cost -$12
$4,200 Contribution Margin $3
-$4,200 annual fixed cost
As your fixed costs change, you'll need to find a new break-even point.
TOTAL Income Statement Unit
$24,000 Total Net Sales $15
-$19,200 Variable cost -$12
$4,800 Contribution Margin $3
-$4,800 annual fixed cost
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What factors affect GDP of a country?
The computation of a nation's GDP takes into account both private and public consumption, government expenditures, investments, increases in private inventories, paid-in building expenses, and the international trade balance.
The foreign trade balance is the most crucial of all the factors that go into calculating a nation's GDP. When the value of domestic manufacturers' exports to international markets exceeds the value of imports that local consumers purchase, the gross domestic product (GDP) of that nation tends to rise. A nation is said to have a trade surplus if this circumstance exists. If, on the other hand, domestic customers spend more on imported goods than the sum of everything that domestic producers can sell to consumers abroad,
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Separation of duties and E-commerce controls are examples of ______ controls.
Answer: Preventive
Explanation:
In the Blank Question To compute net income for a merchandiser, you will start with net sales, subtract cost of goods sold and subtract other Confidence Level Rate your confidence to submit your answer. High Medium Low Concept Resources Read 2020 Mc Education All Reserved Privacy | Terms of Use Type here to search
Starting with net sales, you will deduct the cost of products sold and other costs to arrive at net income for a merchandiser.
What are expenses?An expense requires the transfer of money or wealth in general from one person or organization to another in order to pay for a good, service, or another kind of cost.
Rent is a cost to a tenant.
Tuition is a cost shared by parents and students.
Rent, utilities, salaries, wages, maintenance, depreciation, insurance, and the cost of provided goods are a few examples of expenses.
A payment paid to another person or business to cover the cost of a good or service is referred to as an expense.
It is free to produce attractive invoices with SumUp Invoices.
An expense is a sum of money that a business pays to suppliers or uses to buy goods or services.
Therefore, starting with net sales, you will deduct the cost of products sold and other costs to arrive at net income for a merchandiser.
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Complete question:
To compute net income for a merchandiser, you will start with net sales, subtract the cost of goods sold and subtract other _____.
what indviduals/groups decide what is produced in a market system A. Company B. Consumers C. Distributors
In a market system, what is produced is determined by the interaction of several groups of individuals and organizations, including companies, consumers, and distributors. Correct option is D.
Firstly, companies decide what to produce based on their assessment of consumer demand and their own production capabilities. They consider factors such as market trends, competitor offerings, and their own expertise and resources to determine what products or services to offer.
Secondly, consumers have a significant influence on what is produced in a market system. They express their preferences and needs through their purchasing decisions, and companies respond by producing goods and services that meet their demands.
Consumer feedback and reviews also help companies to improve their offerings and develop new products.
Finally, distributors play a crucial role in the market system by facilitating the flow of goods and services between producers and consumers. They help to determine what products are available to consumers by selecting which products to stock and distribute.
In conclusion, what is produced in a market system is the result of the interaction between companies, consumers, and distributors. Companies assess demand and produce goods and services that meet consumer needs, while consumers express their preferences through their purchasing decisions.
Distributors help to facilitate this process by connecting producers with consumers. Ultimately, the market system operates through the interplay of these groups, with each contributing to the determination of what is produced. So, the correct option is D (all of the above).
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Complete question is:
What individuals /groups decide what is produced in a market system
A. Company
B. Consumers
C. Distributors
D. All of the above.
How is enterprise value calculated?
Enterprise value is calculated by adding the market value of a company's equity, outstanding debt, and any other long-term liabilities, and then subtracting the cash and cash equivalents held by the company.
Enterprise value (EV) is a measure of a company's total value and is used in financial analysis to determine the overall worth of a business.
The formula for enterprise value is:
EV = Market value of equity + Total debt and long-term liabilities - Cash and cash equivalents
The market value of equity is calculated by multiplying the current market price per share by the total number of outstanding shares. The total debt and long-term liabilities include any loans or other debts owed by the company, such as bonds, bank loans, and other long-term obligations.
Cash and cash equivalents include the money held in checking and savings accounts, short-term investments, and any other liquid assets that the company has available.
By calculating enterprise value, investors and analysts can get a more accurate picture of a company's overall value and its ability to generate cash flow. This is important when evaluating potential investments, mergers and acquisitions, or other financial decisions.
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the number-one cause of divorce in north america today is stress and disagreements over money.. true or false ?
The given statement that "The number-one cause of divorce in North America today is stress and disagreements over money." is true because debts and poor communication leads to stress and arguments in marriages which often lead to divorce.
Money arguments are currently considered as a major cause for most of the divorces which are currently happening in the North America. The high levels of debt as well as the poor communication between the spouses basically ends up leading to stress as well as anxiety when it comes to finances.
It has been found that near about half of couples who were having $50,000 or more in debt said that money is basically their top reason for arguing.
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The government decides to implement a tax on turnips. what will be the effect on the turnip market?
Answer: The demand for Turnips will go down as with an increased tax, More people will decide not to get them as well as prices. The buisness that grows them may charge more as they have to pay taxes on them too.
Explanation:
Can you use pig intestines for sausage casing?
Yes, pig intestines are commonly used as a natural casing for sausages. In fact, pig intestines are one of the most popular types of natural casings used in sausage making, due to their availability, durability, and versatility.
Natural casings are the traditional choice for making sausages, as they provide a natural, tender texture and allow for better flavor diffusion during cooking. Pig intestines are ideal for making sausages because they have a uniform shape and size, and can be easily cleaned and prepared for use.
However, it is important to note that some people may not consume sausages made with pig intestines for religious or cultural reasons. In such cases, alternative casings such as collagen or cellulose casings can be used instead. One advantage of using pig intestines as sausage casings is their natural shape and elasticity, which allows them to expand and contract during cooking without bursting. They also provide a traditional, artisanal look and feel to sausages, which can enhance the appeal of the finished product.
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What are the highest and the lowest priced commodities in matrixville? list the inhabitants of this charming town in order of increasing income. If our friend bob makes $40,000 per year, what are the incomes for the rest of the inhabitants? with all the moonshine that bob drinks, do you think he will live long enough to enjoy his good life?
With all the moonshine Bob consumes, his health will suffer and he will not be able to live a happy life. The other residents will receive the quantity according to the ratio determined by the organisation.
It illustrates how your business is using its resources and paying for its expenses in order to generate profits. Because it demonstrates how well the organisation is doing, the profitability ratio should be as high as it can be. Among the profitability ratios, profit margin and return on assets and equity are two examples. Ratio analysis looks at line-item data from a company's balance sheet to provide insights on profitability, liquidity, operational performance, and solvency. Ratio analysis enables you to compare businesses within the same industry or market and follow the evolution of one particular business.
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The corporate valuation model cannot be used unless a company pays dividends. True or false?
The corporate valuation model is applicable to both businesses that pay dividends and businesses that do not.
False is the statement that "The corporate valuation model can only be employed when a corporation doesn't pay dividends." This corporate valuation model can be utilised in both situations where a firm pays dividends and even in situations when a corporation does not pay dividends, hence the correct answer is "False." Finding the worth of your current assets is where the corporation valuation model starts. It also includes any supplies or inventory, as well as any property, cars, and machinery. Items that you really utilise in your ongoing activities are referred to as "assets-in-place."
The distinction is that only "dividends" are recognised by dividend discount models as valid cash flows. As a result, if
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In october 2005, the u.s. fish and wildlife service banned the importation of beluga caviar, the most prized of caviars, from the caspian sea. what happened in the market for caviar in the united states?
The ban on the importation of beluga caviar from the Caspian Sea by the US Fish and Wildlife Service would have likely resulted in the following ways 1) reduced the supply of beluga caviar in the US market. 2) the ban on beluga caviar may have led to increased demand for other types of caviar. 3) ban on beluga caviar may have also led to a shift in the market towards the production and sale of domestic caviar
The ban on the importation of beluga caviar from the Caspian Sea by the US Fish and Wildlife Service in October 2005 would have likely resulted in several market effects in the United States.
Firstly, the ban would have reduced the supply of beluga caviar in the US market, as it was no longer being imported from the Caspian Sea. This reduction in supply could have led to an increase in the price of beluga caviar in the US market, as consumers would still demand it but there was less of it available.
Secondly, the ban on beluga caviar from the Caspian Sea may have led to increased demand for other types of caviar that were not subject to the ban. This substitution effect could have increased the prices of these substitute caviars as well.
Lastly, the ban on beluga caviar may have also led to a shift in the market towards the production and sale of domestic caviar. Domestic caviar producers may have seen an increase in demand for their products as a result of the ban on imported beluga caviar.
Overall, the ban on the importation of beluga caviar from the Caspian Sea by the US Fish and Wildlife Service in October 2005 would have likely led to changes in the supply, demand, and prices of caviar in the United States.
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a common-law principle stating that officers, directors, and managers of a corporation are not liable for losses incurred when the evidence demonstrates that decisions were reasonable and made in good faith, is known as?
A common-law principle stating that officers, directors, and managers of a corporation are not liable for losses incurred when the evidence demonstrates that decisions were reasonable and made in good faith, is known as business judgment rule.
What is business judgment rule?
According to the business judgment rule, a corporate law doctrine derived from case law, courts should give company executives' business judgments weight. The foundation of it is the idea that "directors of a corporation are clothed with presumption, which the law gives to them, of being in their conduct by a bona fide regard for the interests of the corporation whose affairs the stockholders have entrusted to their charge." The business judgment rule recognizes the uncertainty of all commercial decisions and actions. Therefore, even choices made with the best of intentions sometimes lead to failure and financial hardship.
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why does the price of roses increase in the days leading up to valentine’s day?A) demand was increasedB) demand was decreasedC) not both of all
The price of roses increased in the days leading up to valentine’s day because demand increased. Option A.
Demand in economics refers to a consumer's willingness to pay a particular price for products and services as well as their desire to buy them. Demand for a product or service typically declines when its price goes up. The quantity requested will rise when a product's price drops, in a similar manner.
Consumers and businesses are very acquainted with the idea of demand because it makes sense and happens naturally throughout the course of almost any day. For instance, when a product's price is low, shoppers who are keeping an eye on it will purchase more of it.
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9) net investment is equal to: a) the change in the stock of capital b) gross investment plus depreciation c) replacement investment d) the change in the capital stock plus gross investment
Net investment is equal to gross investment plus depreciation. The correct option is b.
What is net investment equal to?Net investment is the total amount of money spent by a company on capital assets less the cost of depreciation on those assets. This figure represents the actual expenditure on durable goods used in the company's operations, such as plants, equipment, and software.
Gross investment is the total amount of investment in new capital goods, such as buildings, equipment, and software, that is made in a given period. Depreciation, on the other hand, refers to the decrease in the value of existing capital goods over time due to wear and tear, obsolescence, or other factors.
Net investment, therefore, is the amount by which the stock of capital increases in a given period, after accounting for the decrease in the value of existing capital goods due to depreciation.
Thus, the ideal selection is option b.
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from the study of behavioral finance, we have learned that limited attention bias can explain why minority groups face frictions in accessing financial resources. group of answer choices true false
From the study of behavioral finance, we have learned that limited attention bias can explain why minority groups face frictions in accessing financial resources is true.
What is behavioral finance?Limited attention bias is a cognitive bias that can affect how people make decisions, particularly when they are faced with a lot of information or choices.
In the context of accessing financial resources, limited attention bias can manifest as a tendency to overlook or underestimate the financial needs of certain groups, particularly minority groups who may face systemic or structural barriers to financial resources.
Therefore, This can lead to unequal access to financial services and resources, and can perpetuate economic inequality.
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the nominal interest rate on a risk-free investment is approximately equal to the sum of the real rate of interest plus an inflation premium. true/false
'The nominal interest rate on a risk-free investment is approximately equal to the sum of the real rate of interest plus an inflation premium. True.
Interest rates act as a stand-in for the expense of borrowing as well as the return on savings and investments. They are shown as a share of the total debt or investment amount. They could be the overall return that lenders get from their loan portfolios or the return that people get on their savings and investments.
Real or nominal interest rates may be used to express them. Nominal interest rates are the sum of real interest rates and the anticipated rate of inflation. Real interest rates reflect both the true expense of borrowing money for the borrower and the true return on investment for the lender or investor.
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a car retailer who sells 750 cars last year keeps on an average 50 cars in his/her show room. what is the inventory turnover ratio last year. assume the cost of all cars in the show room are same.
Below is the basic equation. Cost of Goods Sold divided by Average Inventory Value is the c turnover ratio.
(Sum of Inventory Values for Time Period / Number of Values) Equals Average Inventory Value.
Days' Sales of Inventory = 365 / Turnover Ratio of Inventory.
Finding your inventory turnover is a simple math problem because it is expressed as a ratio.
In other words, it's the number of times you would need to buy the normal inventory you keep each year. The ratio is typically used to assist you determine how often your inventory fully turns over in a year. Below is the basic equation. Average Inventory Value / Cost of Items Sold is the inventory turnover ratio.
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small businesses often have advantages in international markets. one advantage is multiple choice a greater expertise in managing the paperwork required to sell goods in international markets. a better understanding of the cultural differences involved. individualized customer service as opposed to impersonal corporate bureaucracies. the ability to obtain financing through the international monetary fund.
One advantage that small business have in international markets is B. a better understanding of the cultural differences involved.
What is an advantage that small business have ?Small businesses are often more flexible and adaptable to different cultural contexts, and may have a deeper understanding of local customs, preferences, and business practices. This can give them an advantage over larger, more impersonal corporate bureaucracies that may struggle to adapt to local markets.
Small businesses may also be able to provide more individualized customer service and build stronger relationships with customers in international markets, which can help to build trust and loyalty.
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HELPPPPPPPPPPPPPP its really important
The steps can be found below
What is The Marketing Research Process?Step 1: Defining the Problem
The problem we are facing is identifying the potential customers for our new e-commerce company, which sells accessories for personal MP3 players. We need to determine the size of the market, identify the target audience, and understand the competition to establish a unique value proposition for our business.
Step 2: Conducting Research
We will conduct primary research by surveying potential customers and analyzing their preferences for MP3 player accessories, including what types of products they are looking for, how much they are willing to pay, and which brands they trust. We will also conduct secondary research by analyzing data from online marketplaces, such as Amazon and eBay, and researching our competitors' products, prices, and marketing strategies.
Step 3: Analyzing Data
Based on the data we collect, we will create a customer profile that includes demographics, psychographics, and behaviors. This will help us better understand our target audience and their preferences. We will also analyze the data to identify trends and opportunities in the market and to identify any gaps in our competitors' offerings.
Step 4: Developing a Plan
Based on the insights we gain from our research, we will develop a marketing plan that focuses on targeting our identified customer segments, creating a unique value proposition, and establishing a strong online presence. This plan will include strategies for pricing, product promotion, and distribution. We will also identify key performance indicators and establish a system for tracking and evaluating the success of our marketing efforts.
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Making the buying and selling of a good illegal shifts the demand curve ________ and shifts the supply curve ________.a.rightward; rightward. b.leftward; leftward. c.leftward; rightward. d.rightward; leftward
'Making the buying and selling of a good illegal shifts the demand curve leftward and shifts the supply curve leftward.’
When both the supply and demand curves move to the left, the equilibrium quantity decreases, but the equilibrium price may move in either direction based on how much the two curves shift.
In addition to the variables that affect the market equilibrium intermittently, certain events may result in long-term adjustments to the market equilibrium. As an illustration, there is likely to be either a persistent decline in the quantity consumed of the existing good or a decrease in the market price for the existing good if a new product that is a feasible substitute for the existing product becomes available.
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Project management can be defined as planning, directing, and controlling resources to meet the technical, cost, and time constraints of the project.True or False
Answer:
True
Explanation:
Project management is defined as a collection of proven techniques for proposing, planning, implementing, managing, and evaluating projects, combined with the art of managing people. It is the application of knowledge, skills, tools, and techniques to a broad range of activities to meet the specified requirements of a particular project.
what function is part of the marketing process?
Promotion is part of the marketing process.
The marketing process is a series of activities that organizations undertake to identify and satisfy customer needs. It involves several key functions, including market research, product development, pricing, distribution, and promotion.
Promotion is a critical part of the marketing process, as it is the way in which organizations communicate with their customers and potential customers about their products and services. Promotion can take many forms, including advertising, sales promotions, personal selling, and public relations.
The goal of promotion is to create awareness and interest in the organization's products or services, and to persuade customers to make a purchase. Promotion can also help to build and maintain the organization's brand and reputation, and to differentiate its products or services from those of its competitors.
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--The question is incomplete, answering to the question below--
"Which function is part of the marketing process?
A) Finance
B) Human resources
C) Production
D) Promotion"
does superdry have one or more capabilities that are valuable, rare, costly to imitate, and nonsubstitutable? if so, what are they? if not, on which criteria do they fall short?
The capability that Superdry has that is both costly to imitate and valuable is to ignite the brand's image or brand value.
What do you mean by the brand value?A good way to visualize brand value definition is the value of a brand in the eyes of its consumers - after all, it is their opinion that counts the most.
Your brand's identity, message, and personality are determined by its brand values. These brand principles guide the narrative, actions, behaviors, and decision-making processes.
Here, Company has several abilities that are difficult for competitors to replicate, such as brand value, competitiveness, ethnic culture connection, and customer brand loyalty. However, there are some areas where the company's ability falls short, such as its connection with the younger generation.
Therefore, the capability that Superdry has that is both costly to imitate and valuable is to ignite the brand's image or brand value.
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The threat posed by the suppliers of businesses is low when the suppliers' industry is dominated by small number of firms. True or false?
The correct option is false.when the threat posed by the supplier of businesses is low when the suppliers industry is dominated by small number of firms.
The number of enterprises in the supplier's sedulity is just one of multitudinous factors that can affect their dealing power.However, they may be suitable to charge advanced prices or offer less favorable terms because the business has numerous options, adding the trouble they pose, If there are only a numerous suppliers of a critical input for a business.
On the other hand, if there are multitudinous suppliers in an sedulity and they are all contending for business, this could reduce their bargain power and therefore drop the trouble they pose to a business.
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Fill The Blank! ecosystem is the level of organization that is best described as including _____.
Ecosystem is the level of organization that is best described as including all the living things in an area interacting. An ecosystem is a place where plants, animals, and other organisms interact with the environment—including the climate, the landscape, and other elements—to create a bubble of life.
In ecosystems, biotic and abiotic factors—or nonliving elements—coexist. Healthy ecosystems keep our soil in good condition, purify the air, regulate the climate, recycle nutrients, and provide us with food. For the production of medicines and other items, they provide resources and raw materials. They are the backbone of all civilizations and the drivers of our economies. Biotic factors include plants, animals, and other living things. An ecosystem is a collection of living things in a particular area.
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Senlo Co., which uses a one-year operating cycle, recognized profits for both financial statement and tax purposes during its two years of operation. depreciation for tax purposes exceeded depreciation for financial statement purposes in each year. These temporary differences are expected to reverse in Years 3, 4, and . At the end of Year 2, the deferred tax liability shown as a non-current liability based on the _____________?
At the end of Year 2, the deferred tax liability shown as a non-current liability on Senlo Co.'s balance sheet should be based on the temporary differences between the tax and financial accounting treatment of its profits and depreciation expenses.
There are no transient variances in earnings that would cause deferred tax obligations as Senlo Co. recorded gains for financial statement and tax purposes in Years 1 and 2.
Senlo Co. would have recognised smaller profits for tax reasons than for financial statement purposes, nevertheless, because depreciation for tax purposes outweighed depreciation for financial statement purposes in each year. The larger profits reported for financial statement purposes will eventually be taxed in future periods when the tax depreciation catches up to the financial statement depreciation, causing a temporary discrepancy that results in a deferred tax obligation.
As a result, at the conclusion of Year 2, Senlo Co.'s balance sheet's non-current obligation for deferred taxes should be based on transitory differences.
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At the end of Year 2, the deferred tax liability shown as a non-current liability on Senlo Co.'s balance sheet should be based on the temporary differences between the tax and financial accounting treatment of its profits and depreciation expenses.
There are no transient variances in earnings that would cause deferred tax obligations as Senlo Co. recorded gains for financial statement and tax purposes in Years 1 and 2.
Senlo Co. would have recognised smaller profits for tax reasons than for financial statement purposes, nevertheless, because depreciation for tax purposes outweighed depreciation for financial statement purposes in each year. The larger profits reported for financial statement purposes will eventually be taxed in future periods when the tax depreciation catches up to the financial statement depreciation, causing a temporary discrepancy that results in a deferred tax obligation.
As a result, at the conclusion of Year 2, Senlo Co.'s balance sheet's non-current obligation for deferred taxes should be based on transitory differences.
Financial statements are reports that provide information about the financial position, performance, and cash flows of a company. These statements are prepared at the end of each accounting period and include the balance sheet, income statement, and cash flow statement. They are used by investors, creditors, and other stakeholders to evaluate a company's financial health and make informed decisions.
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Suppose sellers of gasoline are required to send $0.50 to the government for every gallon of gasoline they sell. Further, suppose this tax causes the price paid by buyers of gasoline to rise by $0.40 per gallon. Which of the following statements is correct? a. Ten percent of the burden of the tax falls on sellers.
b. This tax causes the demand curve for gasoline to shift downward by $0.50 at each quantity of gasoline.
c. Demand is relatively inelastic compared to supply of gasoline.
d. The effective price received by sellers is $0.40 per gallon less than it was before the tax.
The correct statement among the options is d. The effective price received by sellers is $0.40 per gallon less than it was before the tax.
The imposition of a tax on sellers of gasoline causes the supply curve to shift upward and to the left, resulting in a new equilibrium price and quantity of gasoline. The tax on sellers increases their cost of production by $0.50 per gallon, leading to a decrease in the quantity supplied of gasoline. The price paid by buyers of gasoline will rise to reflect the increased cost of production.
Given that the price paid by buyers of gasoline has risen by $0.40 per gallon, this means that sellers are effectively receiving $0.40 per gallon less than the pre-tax price they used to receive. This implies that the burden of the tax is shared between buyers and sellers, with sellers bearing the larger portion of the tax burden. The exact share of the tax burden borne by sellers will depend on the price elasticity of demand and supply for gasoline.
Option a is incorrect because the tax burden on sellers is greater than 10%. Option b is incorrect because the demand curve does not shift downward by $0.50 at each quantity of gasoline, but rather shifts downward by a smaller amount due to the price elasticity of demand. Option c is also incorrect because the relative elasticity of demand and supply cannot be determined from the information provided.
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Where is American Management Association?
American Management Association is based in New York City, United States.
Based in New York City, the American Management Association (AMA) is a non-profit educational membership organisation dedicated to the advancement of management in America. Along with having a main office there, it also has regional offices all around the world. The National Association of Corporate Schools and other organisations.
To be the premier organisation in the world, offering a wide range of high-quality management development and educational services that have been well thought out to benefit people, businesses, and society at large.
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What is a money market account simple definition?
A money market account is a type of deposit account that typically offers higher interest rates than traditional savings accounts.
These accounts are offered by banks and credit unions and require a minimum balance to be maintained. The interest rate on a money market account is variable and is based on the current market rates. Money market accounts are considered to be low-risk investments because they are insured by the FDIC or NCUA up to a certain amount, which provides added security for the account holder.
However, they are not the same as money market funds, which are investment products and are not insured by the government. Money market accounts are a good option for those who want to earn higher interest on their savings while still having easy access to their funds.
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