Answer:
1. The disagreement between these economists is most likely due to .
scientific judgments.
2. Two economists chosen at random most likely are likely to agree on:
Lawyers make up an excessive percentage of elected officials.
Explanation:
Economists will disagree with each other regarding the appropriate size of the government, the power of trade unions, the adverse effects of unemployment and inflation, the equitable distribution of income, and whether a policy of tax cut is desirable or not. When economists disagree due to differences in scientific judgments, they disagree about a factual matter: the type of tax policy that would lower the budget deficit. In contrast, disagreements due to the differences in values reflect differing assessments on fairness or equity.
Which of the following combinations best describe a universal life insurance policy?
A universal life insurance policy is best described by option D. A flexible premium deposit fund and a monthly renewable term insurance policy.
Universal life insurance is a type of permanent life insurance that combines a savings component with a death benefit. It offers flexibility in premium payments and death benefit coverage. The policyholder can adjust the premium payments and death benefit amount within certain limits, making it a flexible and customizable insurance option.
Option D describes the key features of a universal life insurance policy:
Flexible-Premium Deposit Fund: Universal life insurance allows policyholders to adjust the premium payments based on their financial circumstances. They can pay higher premiums to accumulate more cash value or lower premiums when they face financial constraints. The flexible premium deposit fund in option D reflects this feature of universal life insurance.
Monthly Renewable Term Insurance Policy: Universal life insurance typically includes a cost of insurance charge, which covers the mortality risk. This cost of insurance can be based on a monthly renewable term insurance policy. The policyholder pays a monthly cost of insurance charge that provides the death benefit coverage.
By combining a flexible premium deposit fund with a monthly renewable term insurance policy, option D captures the essence of a universal life insurance policy. It highlights the flexibility in premium payments and the inclusion of a cost of insurance component that provides the death benefit coverage.
It's important to note that universal life insurance policies can vary in their specific features and options offered by different insurance companies. Therefore, while option D represents a general description of a universal life insurance policy, it's essential to review the specific terms and conditions of the policy being considered to fully understand its features and benefits. Therefore, the correct option is D.
The question was incomplete, Find the full content below:
Which of the following combinations best describes a universal life insurance policy?
A. A mutual fund and an endowment policy
B. A term insurance policy and a whole life policy
C. A modified endowment policy and an annual term insurance policy
D. A flexible premium deposit fund and a monthly renewable term insurance policy
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A long-term incentive is a type of
incentive given to employees that
is designed to be paid over
or longer.??
Terra Mesa Manufacturing uses a job order cost system to account for its production of specialty patio furniture. On June 30, the company had the following balances in its inventory accounts. Raw Materials: $142,630 Work in Pprocess: $612,320 Finished Goods: $744,350 On June 30, the total of all open job order cost sheets would be A :
Answer:
$612,230
Explanation:
Since in the question it is mentioned that the company used the job order cost system for production of specialty patio furniture
Also there is various balances mentioned in the question
Now the total of all open job order cost is equivalent to the work in process amount i.e. $612,230 and the same is to be considered
Hence, the total is $612,230
PLEASE HELP!
Things of value provided by employers in addition to wages are ______. *
Answer:
Employee Benefits
Explanation:
PLEASEEEE HELP!! 20 POINT ASSIGNMENT
Answer:
Stocks for number 2
i dont know for number 3
Explanation:
This section is based on the case study titled: Maximising Media Relations for Effective Program Execution: UNICEF in Nigeria. This case study is found under the lesson 3 folder, and copies are under the additional resources folder. Please answer all these questions and ensure that you use the correct numbering as given in the question itself.
1. According to the case study, what is the role of public relations? [4]
2. Who are the stakeholders in this case study and their interests [5]
3. What were the strategic tactics and techniques used in the campaign [6]
4. What research methodology was used to develop this plan and discuss whether the programme was successful or not successful in your perspective. Provide evidence from the case study to support your argument. [10]
5. “For effective media relations, the public relations practitioner must understand how the media function and how reporters work” – (Baskin et al, pp:179). As a public relations practitioner what is your assessment of the use of mass media
in this programme and was the use of mass media the best option vs social media in
the programme? (We want to see the student present their own argument here) [5]
6. What did you learn in this case study? [5]
UNICEF in Nigeria uses strategic strategies and approaches for stakeholder engagement to maximize media relations for effective program execution. Here are the responses to the prompts.
What about the case study?This case study highlights how essential public relations is when it comes to creating a positive image for an organization while building meaningful relationships with important stakeholders.
In this instance UNICEF was determined to raise awareness regarding their programs in Nigeria by engaging local community leaders while effectively communicating their message to citizens via media outlets. Conversely Nigerias government prioritized developing strategies which addressed citizens' needs coupled with enhancing its reputation. The stakeholders involved included: UNICEF representatives; Nigerian government officials; members of various influential media organizations; respected community leaders; as well as concerned members of society at large.
To implement effective strategies required tactical thinking alongside techniques such as holding press conferences/ interviews with key players in local/the national press corps; partnering with appropriate organizations/media personalities across identified relevant industries: e.g governance/community activism or where its most needed. Various research methods were employed inclusive of conducting situational analyses regarding media trends in Nigeria.
Also stakeholder analysis was crucial to identify key targets that helped achieve desired outcomes. The UNICEF program gained excellent traction among its target audience through effective outreach and significant coverage.
As a practitioner involved in public relations work I believe that incorporating mass communication was instrumental in broadening the scope for the advocacy messages and amplifying visibility around necessary programs run by UNICEF globally. Moreover using social media channels served as a valuable medium through which younger demographics could be successfully engaged while receiving personalized insights.
The case study has several vital implications regarding understanding regional media landscapes and establishing relationships with important players operating within the regions.
Collaborative partnerships between local communities alongside other organizations pursuing common goals can result in expanded outreach capacity leading towards new opportunities for positive change. Finally this multifaceted approach utilizing various channels became pivotal not only for generating better visibility but also raising awareness on issues championed by UNICEF globally.
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Theories of Work Motivation Your Company provides diversity training programs to ensure that employees realize the importance of working with a diverse workforce, are aware of the equal employment opportunity legislation, and are capable of addressing the challenges of working in a multicultural workforce. Participation in these programs is mandatory, and employees are required to take the training as many times as needed until they pass. The training program lasts one day and is usually conducted in a nice hotel outside the workplace. Employees are paid for the time they spend in the training program. You realise that employees are not motivated to perform well in this program. During the training, they put in the minimum level of effort, and most participants fail the examination given at the conclusion of the training program and then have to retake the training. Adapted from:
Question 1 Instructions: This assignment should be submitted as an essay and include the following:
a. A definition of process theories of work motivation.
b. Use expectancy and reinforcement theories, and explain four reasons (supported by the literature) why the employees may not be motivated to perform well in the training program.
c. Suggest improvements in the program so that employees are motivated to understand the material, pass the examination, and apply the material in the workplace.
Work motivation is said to emanate from with an employee who is with a passion and desire in order to work and produce the desired results. So, the work motivation theory is the study in order to understand what drives a person to work towards a particular goal or outcome.
Suppose if an employee has piles of work which is already stacked on their desk, such things that are already there will take precedence over training. So, while developing their skills with work motivation will benefit them more in the long run.
There are certain ways in order to motivate employees to engage in a training program, which are, by making training a practical and job-relevant. make training a company priority, by employing gamification strategies, etc.
Hence, through this, employees will be motivated to understand the material, pass the examination, and apply the material in the workplace.
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At December 31, 20X4, MJB Co. had the following deferred income tax items: • • A deferred income tax liability of $15,000 related to a noncurrent asset A deferred income tax asset of $3,000 related to a current liability A deferred income tax liability of $8,000 related to a current asset Which of the following should MJB report in the noncurrent section(s) of its December 31, 20X4 balance sheet? a. DTL of $8,000 in Noncurrent Liabilities, DTA of $3,000 in Noncurrent Assets b. Net DTA of $3,000 in Noncurrent Assets c. Net DTA of $5,000 in Noncurrent Assets d. Net DTL of $20,000 in Noncurrent Liabilities e. Net DTL of $5,000 in Noncurrent Liabilities
Answer:
Moonligh Bay Resorts will report a Non-current liability of $126 million
Explanation:
The step is to determine the classification of the items in the balance sheet
This is done as follows
Description Amount ($)
Total Deferred Tax liability (168 million + 120 million) 288 million
(Deferred tax liabilities related to
both current and non-current assets)
Total Deferred tax asset (102 million + 60 million) (162 million)
The net deferred tax liability 126 million
Since, under the International Financial Reporting Standards Deferred Tax Liability is a Non-current liability, it means Moonligh Bay Resorts will report a Non-current liability of $126 million
Magnificent Blooms is a florist specializing in floral arrangements for weddings, bo graduations, and other events. Magnificent Blooms has a fixed cost associated with space and equipment of $100 per day. Each worker is paid $50 per day. The daily production § function for Magnificent Blooms is shown in the accompanying table. © Macmil Submit All Quantity of labor (workers) 0 1 2 3 4 5 a. Calculate the marginal product of each worker. Quantity of floral arrangements 0 5 9 12 14 15 Marginal product Quantity of labor (workers) 1 2
The marginal product of each worker for Magnificent Blooms is as follows: Worker 0: N/A: Worker 1: 5: Worker 2: 4: Worker 3: 3: Worker 4: 2: Worker 5: 1
To calculate the marginal product of each worker for Magnificent Blooms, we need to determine the change in the quantity of floral arrangements resulting from each additional worker.
Here's how to calculate the marginal product for each worker:
Worker 0: Since there are no workers (0 workers), the quantity of floral arrangements is 0. Therefore, the marginal product for worker 0 cannot be calculated.
Worker 1: The quantity of floral arrangements with 1 worker is 5. To calculate the marginal product for worker 1, we subtract the quantity of floral arrangements with 0 workers from the quantity with 1 worker: 5 - 0 = 5.
Worker 2: The quantity of floral arrangements with 2 workers is 9. To calculate the marginal product for worker 2, we subtract the quantity of floral arrangements with 1 worker from the quantity with 2 workers: 9 - 5 = 4.
Worker 3: The quantity of floral arrangements with 3 workers is 12. To calculate the marginal product for worker 3, we subtract the quantity of floral arrangements with 2 workers from the quantity with 3 workers: 12 - 9 = 3.
Worker 4: The quantity of floral arrangements with 4 workers is 14. To calculate the marginal product for worker 4, we subtract the quantity of floral arrangements with 3 workers from the quantity with 4 workers: 14 - 12 = 2.
Worker 5: The quantity of floral arrangements with 5 workers is 15. To calculate the marginal product for worker 5, we subtract the quantity of floral arrangements with 4 workers from the quantity with 5 workers: 15 - 14 = 1.
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Use the following information to determine this company's cash flows from financing activities.
a. Net income was $465,000.
b. Issued common stock for $73,000 cash.
c. Paid cash dividend of $18,000.
d. Paid $130,000 cash to settle a note payable at its $130,000 maturity value.
e. Paid $118,000 cash to acquire its treasury stock.
f. Purchased equipment for $93,000 cash.
Answer: Net cash used/ spent was $193,000
Explanation:
Cash from Financing activities involves cash transactions in relation to Equity (including dividends paid) and long term debt as these are the chief providers of cash to finance the business.
Cash from financing activities is:
= Issuance of common stock - Dividend - Settlement of Note payable - Treasury stock purchase
= 73,000 - 18,000 - 130,000 - 118,000
= -$193,000
what are the macro
environmental factors that affect a
firm
Answer:
Hope this may help you
The annual demand of a product is 12,000 units, the ordering cost is $6 per order, and the holding cost is $2.50 per unit per year. Calculate the optimal order quantity using the fixed-order quantity model. [Select the appropriate range in which your answer falls.]
Answer: 240
Explanation:
Since the annual demand of a product is 12,000 units, the ordering cost is $6 per order, and the holding cost is $2.50 per unit per year, then the optimal order quantity will be calculated as:
Optimal order quantity = √(2 × Annual demand × Ordering cost / Holding cost)
where,
Annual demand = 12000
Ordering cost = 6
Holding cost = 2.5
Optimal order quantity will be:
= √(2 × 12000 × 6/2.5)
== √(144000/2.5)
= ✓57600
= 240
Determine what type of policy is needed for each of the following scenarios:
pick between Expansionary or Contractionary as answers for the questions below
1) U% = 7%, CPI = 2%:
2) U% = 4%, CPI = 12%:
3) U% = 3%, CPI = 10%:
4) U% = 10%, CPI = 2%:
5) U% = 3%, CPI = 7%:
6) U% = 5%, CPI = 8%:
1. Expansionary, 2. Contractionary, 3. Contractionary, 4. Expansionary, 5. Expansionary, 6. Contractionary.
Explain expansionary monetary policy using examples.Expansionary monetary policy describes the steps done by a central bank to raise the money supply and promote economic expansion, such as the Federal Funds rate in the United States. This can be accomplished in a number of ways, including by lowering interest rates, purchasing government securities, and easing bank reserve requirements. An instance of when expansive fiscal policy might be employed is during a recession or downturn in the economy. In such a case, the central bank may reduce interest rates to promote lending and investment, which may result in an uptick in consumer spending and corporate activity. The central bank can lower the cost of borrowing by expanding the money supply.
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Assume that Social Security promises you $50,000 per year starting when you retire 45 years from today (the first $50,000 will get paid 45 years from now). If your discount rate is 4%, compounded annually, and you plan to live for 17 years after retiring (so that you will receive a total of 18 payments including the first one), what is the value today of Social Security's promise? g
Answer:
$112,697
Explanation:
The deferred annuity can be calculated in two steps:
Step 1: Calculate the annuity by using the following formula:
Value of Annuity at the year 44 = Annuity Payment * Annuity Factor
Here
Annuity Payment is $50,000
Annuity Factor = (1 - (1 + r)^-n) / r
n is 18 year from year 44 to year 62
r is 4%
So
Annuity Factor = (1 - (1 + 4%)^-18) / 4%
= 12.659
By putting values, we have:
Value of Annuity at the year 44 = $50,000 * 12.659
Value of annuity in year 44 = $632,965
Step 2: Discount it back to year zero
Present value today = $632,965 / (1.04)^44
Present value today = $112,697
Problem-6; (chapter 3) SS Ltd. obtained significant influence over YY Ltd by buying 30% of Y's 100,000 outstanding ordinary shares at a cost of Br 18 per share on January 1, 2022. On May 15, YY declared and paid a cash dividend of Br 150,000. On December 31, YY reported net income of Br 270,000 for the year. (a) record acquisition of shares (a) record revenue and dividends
(a) Record acquisition of shares: Investment in YY Ltd. Dr. Br 540,000, Cash Cr. Br 540,000.
(a) Record revenue and dividends: Dividend Receivable Dr. Br 45,000, Revenue from Investment in YY Ltd. Cr. Br 45,000; Investment in YY Ltd. Dr. Br 81,000, Revenue from Investment in YY Ltd. Cr. Br 81,000.
(a) To record the acquisition of shares by SS Ltd. on January 1, 2022:
Investment in YY Ltd. (30% of 100,000 shares * Br 18) Dr. Br 540,000
Cash Cr. Br 540,000
This journal entry records the purchase of 30% of YY Ltd.'s outstanding shares for a total cost of Br 540,000.
(b) To record revenue and dividends for the year:
On May 15, YY Ltd. declared and paid a cash dividend of Br 150,000. This dividend represents the portion of the company's earnings that will be distributed to its shareholders.
Dividend Receivable Dr. Br 45,000 (30% of Br 150,000)
Revenue from Investment in YY Ltd. Cr. Br 45,000
This entry recognizes the dividend revenue earned by SS Ltd. from its investment in YY Ltd.
On December 31, YY Ltd. reported net income of Br 270,000 for the year. As SS Ltd. has significant influence over YY Ltd., it needs to adjust its investment account for its share of the net income.
Investment in YY Ltd. Dr. Br 81,000 (30% of Br 270,000)
Revenue from Investment in YY Ltd. Cr. Br 81,000
This entry records the revenue earned by SS Ltd. from its share of YY Ltd.'s net income.
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One column of numbers consists of 33, 58, and 17. When the digits of the
numbers are added together, the result is 3+3+5+8+1+7=27, and when
the digits of 27 are then added together, the end result is 2 + 7 = 9. If the
same process is performed on the numbers in a second column, what can be
concluded?
OA. If the end result from the second column is also 9, then the sum of
the numbers in the first column is not equal to the sum of the
numbers in the second column.
OB. If the end result from the second column is not 9, then the sum of
the numbers in the first column is not equal to the sum of the
numbers in the second column.
OC. If the end result from the second column is not 9, then the sum of
the numbers in the first column is equal to the sum of the
numbers in the second column.
D. If the end result from the second column is also 9, then the sum of
the numbers in the first column is equal to the sum of the numbers
in the second column.
Imagine that your production team has an assignment due by the end of the week. It was brought to your attention that a few members of your team are not contributing to the project. As a leader, describe how you could use at least two different motivational techniques and strategies you learned in this unit to address the issue
The production team has an assignment due by the end of the week. As a leader, the strategies are make the deadline known to the general population, give attention to planning etc.
How would you motivate your team to be more productive under the earlier deadline?Employing techniques that encourage employees to act is necessary if you come across workers who consistently make promises to meet deadlines but never follow through.
By making a public announcement about a significant project that they should be working on, you may hold your employees more responsible.
If the completion of a project has the potential to significantly improve your organization, you cannot stand mediocrity.
Therefore, the production team has an assignment due by the end of the week. As a leader, the strategies are:
Make the deadline known to the general population.Give attention to planning etc. Examine potential issues and keep an open mind to solutions.To know more about the team and deadline, visit:
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HOW MUCH MONEY IS IN THE WORLD USE YOUR BRAIN GUYS PLEASE HELP MEEEE
It's hard to tell how much money is in the world because it keeps changing because of things like prices going up, the value of different types of money, and how much people are buying and selling things.
What is the money about?It is difficult to assess the precise sum of money that exists within the world since it is always changing due to variables such as swelling, money trade rates, and economic movement.
Therefore, In any case, agreeing to some terms, the overall sum of money within the world is generally around $90 trillion. It is critical to note that this can be as it were an gauge and the genuine sum of cash may be diverse.
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Gordon, an employee, is provided group term life insurance coverage equal to twice his annual salary of $125,000 per year. According to the IRS Uniform Premium Table (based on Gordon's age), the amount is $12 per year for $1,000 of protection. The cost of an individual policy would be $15 per year for $1,000 of protection. Since Gordon paid nothing towards the cost of the $250,000 protection, he must include in his 2019 gross income which of the following amounts?
Answer:
1
Explanation:
1+1=2
Gains on the sale of long-term assets are:
A. added to operating activities.
B. added to investing activities.
C. added to financing activities.
D. subtracted from operating activities.
Gains on the sale of long-term assets are added to investing activities. Therefore, option B is correct.
When a long-term asset is sold at a gain, the cash received from the sale is classified as a cash inflow in the investing activities section. This section of the statement of cash flows includes transactions related to the sale of long-term assets, such as property, plant, and equipment, and investments in other companies.
Gains on the sale of long-term assets are considered investment-related gains and are included in this section to provide a comprehensive view of the organization's investing activities.
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Consider the supply and demand tables for milk. Draw the supply and demand curves for this market. Milk Market Price ($) Quantity (gallons) 0 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Supply Demand Price of One GallonQuantity SuppliedQuantity Demanded $120150 $240110 $47070 $610050 $1012020 The equilibrium price is and the quilbrium quantity is gallons of milk. At a price of $1, there is a and the price will At a price of $10, there is a and the price will
The equilibrium price is $4 and the equilibrium quantity is 70 gallons of milk. At a price of $1, there is a shortage and the price will increase. At a price of $10, there is a surplus and the price will fall.
What is the equilibrium?
Equilibrium is the point where the quantity demanded equal quantity supplied. On a graph, equilibrium is the point where the demand curve crosses the supply curve.
The price at equilibrium point is known as equilibrium price and the quantity is known as equilibrium quantity. Above equilibrium, quantity supplied exceeds quantity demanded and there is a surplus. Below equilibrium, quantity demanded exceeds quantity supplied and there is a shortage.
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Economists use changes in GDP to measure ___
the balance of trade with other countries.
any economic growth or shrinkage.
the causes of unemployment.
the distances between cities.
The people who study, analyses, practices theories of economics and formulate economic policies are called economists. Gross domestic product (GDP) is the main issue that concerns economists.
The correct option is:
Option B. any economic growth or shrinkage.
This can be explained as:
GDP is a measure that economist uses for measuring the economy of a nation at a given period.It estimates the goods and commodities imported and exported by a country at a given period and depicts the value in American dollars.This estimation tells about the economical state of the country and the financial status.Therefore, economic shrinkage and growth are measured as a change in GDP.
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Answer:
any economic growth or shrinkage.
Explanation:
The answer above is correct.
As a newly hired project manager, you have been assigned to prepare a bid proposal for a project that your organization is interested in bidding on to possibly obtain a new contract. The assigned project is estimated to cost on the magnitude of $20 million over the course of 5-years. Your organization intends to borrow the entire amount upfront to meet customer requirements and pay the debt off over the 5-year life of the project at an interest rate of 10% compounded annually. Including the principal and interest, what is the total cost of your project at the end of the 5-year life cycle? How much do you need to bid or earn from the work in terms of dollars to pay back the loan and still make some profit and cover operating expenses? Show all work and calculations to include selected formulae. Based on your calculations, what is the minimum estimate your organization should bid on your proposal, and why this is the case?In completing this assignment, please recall that you should calculate the future value. Please make sure to calculate future value for the initial $20M investment for each year up to 5-years. As a reminder, the future value calculation is as follows: FV=PV(1+i)5
To simplify this assignment, think of making annual payments on the 5-year loan. Keep it simple and clear. You must earn enough to repay the loan, cover operating costs, and make a profit.
The minimum estimate the organization should bid on the proposal is approximately $32,210,200 to ensure that all costs are covered, including the loan repayment and profit.
How to calculate the valueIn this case, the present value (PV) is $20 million, the interest rate (i) is 10% (or 0.10), and the number of years (n) is 5.
FV = $20,000,000(1 + 0.10)⁵
FV = $20,000,000(1.10)⁵
FV = $20,000,000(1.61051)
FV ≈ $32,210,200
Therefore, the total cost of the project at the end of the 5-year life cycle, including principal and interest, is approximately $32,210,200.
Profit = Total cost - Loan amount
Profit = $32,210,200 - $20,000,000
Profit = $12,210,200
Therefore, the organization needs to bid or earn at least $12,210,200 to pay back the loan and still make some profit and cover operating expenses.
Minimum Bid = Total cost of the project
Minimum Bid = $32,210,200
The minimum estimate the organization should bid on the proposal is approximately $32,210,200 to ensure that all costs are covered, including the loan repayment and profit.
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Suppose the real rate is 3.2 percent and the inflation rate is 4.8 percent. What rate would you expect to see on a Treasury bill
Answer:
The rate that can be expected on a Treasury bill is 5.41%.
Explanation:
As per Fisher's equation:
Nominal rate = (1 + Real rate) * (1 + Inflation rate) - 1
Nominal rate = (1 + 0.0365) * (1 + 0.017) - 1
Nominal rate = 5.41%
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Write a formula to return the first three characters in the last three characters in cell J one and excel
Use the Excel formula =LEFT(J1,3)&RIGHT to retrieve the first three characters and the final three characters from cell J1.(J1,3)
What Excel formula delivers characters in a cell that come after a certain character?The delimiter, which can be any character or substring, is returned by the Excel TEXTAFTER function. You can select the target occurrence if the delimiter occurs more than once.
What formula yields the character count?Enter =LEN(cell) in the formula bar and hit Enter on your keyboard to invoke the function. Multiple cells: Enter the formula in the first cell and then drag the fill handle down (or across) the range of cells to apply it to further cells.
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20. The consumer price index was 120 in 2013 and 126 in 2014. The nominal interest rate during this period was 8 percent. What was the real interest rate during this period? A) 3 percent B) 2 percent C) 3.3 percent D) 5.2 percent E) 12.8 percent
Answer: 3%
Explanation:
To calculate the real interest rate, it should be noted that the inflation rate is needed and this can be calculated using the consumer price index as:
= [(126-120)/120] × 100
= 6/120 × 100
= 5%
Real interest rate will now be:
= Nominal Rate - Inflation Rate
= 8% - 5%
= 3%
What is a labor market?
Question 6 options:
the availability and demand for jobs in a certain area
a place where people can go to learn about jobs
an online stock exchange that tracks jobs
a career cluster dealing with manual jobs
Answer:
the availability and demand for jobs in a certain area
A labor market is simply the:
A. Availability and demand for jobs in a certain area.
Based on the given question, we can see that we need to show the correct answer to the question which asked for the definition and explanation of what a labor market is.With this in mind, we can see that a labor market has to do with how available the demand for jobs are in a certain area and the man power that is needed to fill such vacancies.
Therefore, the correct answer is option A
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If the cost of producing tables increases causing the price of tables to increase, consumer surplus in the table market
will…
If the cost of producing tables increases causing the price of tables to increase, then, the consumer surplus in the table market will decrease.
What is a consumer surplus?Basically, the consumer surplus is also called the social surplus and consumer’s surplus. In economist view, the consumer surplus refers to the difference between the price a consumer pays for an item and the price he would be willing to pay rather than do without it.
Based on the law of correspondence, whenever the the cost (of producing tables) increases causing the price of tables to increase, then, the consumer surplus in the table market will decrease.
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How do barriers to entry affect firms in a monopoly market structure?
a.) They limit the price that established firms can set.
b.) They promote competition among firms.
c.) They inhibit economies of scale from developing.
d.) They protect the profits of the established firm.
The net income reported on the income statement for the current year was $93,700. Depreciation recorded on store equipment for the year amounted to $31,200. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:
End of Year Beginning of Year
Cash $24,100 $19,700
Accounts receivable (net) 65,000 56,000
Inventories 47,200 50,000
Prepaid expenses 3,250 8,000
Accounts payable (merchandise creditors) 23,400 17,200
Wages payable 5,300 6,400
a. Prepare the "Cash flows from operating activities" section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.
Statement of Cash Flows (partial)
Cash flows from operating activities:
Net income $
Adjustments to reconcile net income to net cash flow from operating activities:
Depreciation
Changes in current operating assets and liabilities:
Increase in accounts receivable
Decrease in inventories
Decrease in prepaid expenses
Increase in accounts payable
Decrease in wages payable
Net cash flow from operating activities $
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Compute the increases and decreases in the current asset/liability accounts over the period. Determine what affect these changes would have on cash.
b. Cash flows from operating activities differs from net income because it does not use the accrual basis of accounting. For example revenues are recorded on the income statement when they are earned .
Answer and Explanation:
a. The preparation of the operating activities section is presented below;
Cash flows from operating activities:
Net income $93,700.00
Adjustments made
Depreciation $31,200.00
Increase in accounts receivable $(9,000.00) ($65,000 - $56,000)
Decrease in inventories $2,800.00 ($47,200 - $50,000)
Decrease in prepaid expenses $4,750.00 ($3,250 - $8,000)
Increase in accounts payable $6,200.00 ($23,400 - $17,200)
Decrease in wages payable $(1,100.00) ($5,300 - $6,400)
Net cash flow from operating activities $128,550.00
b. The cash flow from operating activities is differs from the net income as it does no use the accrual basis just like revenues are recorded when they are earned on the income statement