suppose that, in a competitive market without government regulations, the equilibrium price of cold brew is $4.00 per cup. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it is binding or nonbinding. statement price control binding or not there are a lot of high school students who would like to work at coffee shops, but they are not hired due to minimum-wage laws. the government prohibits coffee shops from selling cold brew for more than $6.00 per cup. the government has instituted a legal minimum price of $3.00 per cup for cold brew.
Answers
The options based on the information will be:
There are many teenagers...... Price floor ; Binding
The government prohibits..... Price ceiling ; Binding
The government has instituted..... Price floor ; binding
What is a price floor?An effective price floor is set above the equilibrium price. It helps in keeping the price from going lower.
An effective price ceiling is set below the equilibrium price. It helps in keeping the price from getting higher
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Related Questions
As you learned in the video, there is no specific age requirement to pay taxes.
Why, then, do you think there is a lack of awareness and general knowledge
about taxes among teens?
Answers
There could be several reasons why there is a lack of awareness and general knowledge about taxes among teens. One reason could be that taxes are not typically taught in schools, especially at the high school level. Another reason could be that teens may not have had any experience with earning income or paying taxes yet, so they may not see the relevance of learning about taxes. Additionally, taxes can be a complex and confusing topic, which can make it difficult for anyone, including teens, to understand. Finally, some teens may simply not be interested in learning about taxes until they are required to file their own tax returns.
One reason why there might be a lack of awareness and general knowledge about taxes among teens is that tax education is not typically taught in schools. Many schools do not offer personal finance or economics courses, and even when they do, the focus is often on basic concepts like budgeting and saving rather than complex topics like tax laws and regulations.
Another reason could be that teens may not have started earning enough income to be required to file taxes. As a result, they may not see taxes as relevant to their lives, and may not take the initiative to learn about the subject.
Additionally, the tax code can be complex and difficult to understand, even for adults. This complexity can make it challenging for teenagers to learn about taxes on their own, especially if they do not have access to resources like tax professionals or online educational materials.
Mr. Algazi provides the information his client has requested through a voice message.
a. Sender has an idea
b. Receiver decodes message
c. Feedback travels to sender
d. Sender encodes message
e. Message travels over channel
Identify the appropriate step in the communication process.
Lincoln makes notes about questions
a. he has on a benefits update memo from HR.
b. Receiver decodes message
c. Feedback travels to sender
d. Sender has an idea
e. Sender encodes message
f. Message travels over channel
Identify the appropriate step in the communication process.
William Fairaizl left a voicemail to the job candidate, asking him meet with him at 4:00 p.m.
a. Sender sends additional feedback to receiver
b. Sender decodes the idea in a message
c. Receiver decodes message
d. Sender has an idea
e. Sender encodes the message
Answers
Answer: c
Explanation:
Mr. Algazi gives his customer the information he needs through voice mail message, which is a sort of "Feedback travels to sender."
The conditions of the scenario in which communication takes place are referred to as context in communications.
Personal, psychological, group, communal, and communications technology are all examples of communication settings.All of the examples provided above are correct.All of the above responses are accurate in the current communication environment.Question Content Area
Zoe Corporation has the following information for the month of March:
Cost of direct materials used in production $15,353
Direct labor 28,038
Factory overhead 32,314
Work in process inventory, March 1 18,402
Work in process inventory, March 31 20,161
Finished goods inventory, March 1 24,609
Finished goods inventory, March 31 25,991
a. Determine the cost of goods manufactured.
$fill in the blank 1
b. Determine the cost of goods sold.
$fill in the blank 2
Answers
The cost of goods manufactured for Zoe Corporation for the month of March is $73,946
The cost of goods sold for Zoe Corporation for the month of March is
$72,564
What is the cost of goods manufactured?
The cost of goods manufactured is the total cost of finished products completed in the current period, it is the beginning work in process inventory plus the cost of direct materials used in production, the cost of direct labor, factory overhead minus the cost of ending work in process
cost of goods manufactured=$18,402+$15,353+$28,038+$32,314-$20,161
cost of goods manufactured=$73,946
What is cost of goods sold?
The cost of goods sold is the manufacturing costs of goods sold in the current period, it is the beginning finished goods inventory plus the cost of goods manufactured less the ending finished goods inventory
cost of goods sold=$24,609+$73,946-$25,991
cost of goods sold=$ 72,564
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You are given the following information for Lightning Power Company. Assume the company’s tax rate is 24 percent.
Debt: 9,000 5.8 percent coupon bonds outstanding, $1,000 par value, 24 years to maturity, selling for 106 percent of par; the bonds make semiannual payments.
Common stock: 420,000 shares outstanding, selling for $60 per share; beta is 1.11.
Preferred stock: 18,000 shares of 3.6 percent preferred stock outstanding, a $100 par value, selling for $81 per share.
Market: 5 percent market risk premium and 4.6 percent risk-free rate.
What is the company's WACC?
Answers
The Weighted Average Cost of Capital (WACC) for Lightning Power Company is 9.84%.
To calculate the Weighted Average Cost of Capital (WACC) for Lightning Power Company, we need to determine the cost of each component of its capital structure and their respective weights. The WACC is the weighted average of these costs.
Cost of Debt:
The debt component consists of 9,000 bonds with a 5.8 percent coupon rate, a $1,000 par value, and selling for 106 percent of par. The semiannual coupon payment is calculated as (5.8% * $1,000) / 2 = $29.
The current market price of the bond is 106% of $1,000, which is $1,060. The yield to maturity (YTM) can be calculated using financial calculators or Excel. Let's assume the YTM is 4.5%. Therefore, the cost of debt is 4.5%.
Cost of Common Stock:
The cost of common stock is determined using the Capital Asset Pricing Model (CAPM). The risk-free rate is given as 4.6%, and the market risk premium is 5%. The beta for Lightning Power Company's common stock is 1.11.
Using the CAPM formula: Cost of equity = Risk-free rate + Beta * Market risk premium. Therefore, the cost of equity is 4.6% + 1.11 * 5% = 9.71%.
Cost of Preferred Stock:
The cost of preferred stock is the dividend yield, which is the preferred dividend divided by the market price per share. The preferred stock has a 3.6% dividend yield, and it is selling for $81 per share. Therefore, the cost of preferred stock is 3.6% / $81 = 4.44%.
Next, we need to determine the weights of each component based on their market values. The market value of debt is 9,000 * $1,060 = $9,540,000. The market value of common stock is 420,000 * $60 = $25,200,000.
The market value of preferred stock is 18,000 * $81 = $1,458,000. The total market value of the company's capital structure is $36,198,000.
Now we can calculate the WACC using the formula:
WACC = (Weight of Debt * Cost of Debt) + (Weight of Equity * Cost of Equity) + (Weight of Preferred Stock * Cost of Preferred Stock).
Weight of Debt = $9,540,000 / $36,198,000 = 0.2639 (26.39%)
Weight of Equity = $25,200,000 / $36,198,000 = 0.6961 (69.61%)
Weight of Preferred Stock = $1,458,000 / $36,198,000 = 0.0401 (4.01%)
Plugging in the values, we get:
WACC = (0.2639 * 4.5%) + (0.6961 * 9.71%) + (0.0401 * 4.44%) = 2.88% + 6.78% + 0.18% = 9.84%.
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An investment will pay you $80,000 in 10 years. If the appropriate discount rate is 9 percent compounded daily, what is the present value? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answers
Answer:
PV= $32,125.20
Explanation:
Giving the following information:
Future Value= $80,000
Number of periods= 10*365= 3,650
Interest rate= 0.09/365= 0.00025
To calculate the present value, we need to use the following formula:
PV= FV/(1+i)^n
PV= 80,000 / (1.00025^3,650)
PV= $32,125.20
You should FOLLOW UP on items that: ______________, _________________, ________________.
Answers
What is the weighted average cost of capital if a business has a cost of equity of 12%, a cost of debt
of 10%, tax rate of 25%, 20 million market value of debt, and 60 million market value of equity?
0000
10.4%
9.8%
11.5%
10.9%
Page 5 of 20
Answers
To calculate the weighted average cost, divide the total cost of goods bought by the numeral of units available for sale. To find the cost of goods available for sale, you'll need the total amount of beginning products and recent purchases.
What is the weighted average cost method?
In accounting, the Weighted Average Cost (WAC) method of inventory valuation uses a weighted standard to determine the amount that goes into COGS and inventory. The weighted middle cost method divides the cost of goods available for sale by the number of units available for sale
How do you calculate the weighted moderate cost of capital?
WACC is calculated by multiplying the cost of each money source (debt and equity) by its appropriate weight by market value, and then adding the outcomes together to select the total.
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1. Developing a bonus reward system for the managers of the various offices of the AAA (American Automobile Association) Travel Agency. check all that apply 1 Providing information for decision making and planning.unanswered Assisting managers in directing and controlling operational activities.unanswered Motivating managers and other employees toward the organization’s goals.unanswered Measuring the performance of activities, subunits, managers, and other employees within the organization.unanswered Assessing the organization’s competitive position, and working with other managers to ensure the organization’s long-run competitiveness in its industry.unanswered
Answers
Answer:
1. Developing a bonus reward system for the managers of the various offices of the AAA (American Automobile Association) Travel Agency:
Motivating managers and other employees toward the organization’s goals.
Explanation:
A company's bonus reward system is an incentive scheme or program which promotes specific actions or behavior of a specific person or group. It is a type of compensation which an employer gives to an employee that adds to their base pay or salary. Bonuses are used to reward achievements, to show gratitude to employees who meet longevity milestones, or to entice not-yet employees to join the company's ranks. Some bonus reward systems are a hybrid of financial and non-financial rewards, including employee recognition, training, development, and increased job responsibility.
How do these three rules apply to your life? Explain them in your words and try to think about how they relate to your financial situation. (Hint: Think about how you earn money and how you spend money, also imagine that you have been offered a credit card with a starting line of credit at $1000)
Rule 1 - Don't have debt rise faster than income, because the debt burden will eventually crush you
Rule 2 - Don't have income rise faster than productivity, because you will eventually become uncompetitive
Rule 3 - Do all that you can to raise your productivity, because in the long run that's what matters most
Answers
The three rules below will help individuals achieve financial stability and security, which is critical for living a happy and stress-free life. They can learn new skills, enroll in courses, read books, and so on to increase their productivity levels.
Rule 1: Don't have debt rise faster than income, because the debt burden will eventually crush you.To avoid falling into a debt trap, one should prioritize their spending. It's always a good idea to live within one's means and avoid spending more than they earn.Rule 2: Don't have income rise faster than productivity, because you will eventually become uncompetitive.It's a good idea to focus on increasing productivity to achieve long-term financial stability. One must avoid situations where they are not productive but are earning more money, as this can make them uncompetitive in the long run.Rule 3: Do all that you can to raise your productivity, because in the long run that's what matters most.Productivity is the most critical factor in achieving financial stability. Increasing productivity can lead to higher earnings, which can help you reach your financial goals faster.Individuals must always make efforts to improve their productivity. It's always a good idea to live within one's means, avoid unnecessary debt, increase productivity, and invest in oneself. In conclusion, the above three rules can be beneficial to anyone looking to achieve financial stability.
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oe has a full-time construction job and also does odd jobs for people on the weekends but does not report this income to the government. You have purchased the materials needed to construct a fence at your house and you pay Joe $500 to build the fence. Does the payment to Joe count toward the value of gross domestic product (GDP)
Answers
Answer:
hshfjzndiandbfbxns dbd x
Explanation:
bdbdnsnbcndksmsndncngkf
Many other nations are now ahead of the U.S. in international education rankings. Based on most recent studies, the researchers ranked the U.S. number 25 in reading and science, number 40 in math. The decline in performance of American students is obvious from grades 4 to 12 comparing to their peers in other countries. A movement to a higher grade level is associated with a greater decline. And this is along with a great spending on education. What is going wrong here?
We all know that improving the education quality helps achieve a variety of economic and social development goals on different levels. In your opinion how can we improve the quality of schooling?
Answers
One way to improve the education of children and young people is to invest more in research because this activity allows individuals to develop some essential life skills and enrich their knowledge in different fields.
What is the investigation?Research is a term that refers to an activity in which creativity and different techniques for gathering and analyzing information are integrated with the aim of increasing knowledge on a specific topic.
How does research contribute to education?Education and research have a very important relationship because both are related to the development of new knowledge. Therefore, governments and educational institutions have focused on developing the research potential of their students with the aim of making them better professionals.
Additionally, this has a positive impact on academic competition among students and the development of a country through its industry.
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Variable Costs + Fixed Costs = ?
Total output
Total costs
Marginal costs
Answers
A source document should always do which of the following?
A. Be printed on paper
B. Record the date of the transaction
C. Bear an authorized
D. Include a number that can be used for recording
Answers
Answer:
Record the date of transaction
Explanation:
how can i implement sponsorship to launch a sports brands
Answers
Consider the kind you want. Selecting the ideal sponsorship might be difficult at times because there are so many factors to take into account. Finding Companies Wanting to brands Sponsor Athletes and Selecting the Best Athlete Sponsor.
Make an effort to find sponsors. Supporting events has a number of advantages for businesses, most notably the following: increased brand awareness thanks to media coverage, event advertising, and the event itself. Sponsorship chances during events that assist build their brand equity. Direct interaction with a warm lead brands audience. When seeking corporate support, be sure to emphasise how your initiatives will further the company's greater charitable objectives.
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Which era came immediately after World War II?
Answers
Answer:
The postwar era, 1945-1950.
WILL GIVE 5 STAR Which organization would provide business and leadership training to a high school hospitality student?
American Hotel & Lodging Association
Family, Career and Community Leaders of America
Resort Hotel Association
United Nations World Tourism Organization
Answers
American Hotel & Lodging Association organization would provide business and leadership training to a high school hospitality student. Short-term programs called leadership training programs.
Designed to help you brush up on and improve your organization present leadership skills so that you may lead more effectively in both your current and future jobs. You can learn the abilities you need to lead effectively through leadership training, including the frequently challenging abilities needed to convince and influence others, especially those over whom you have little direct control. Training in leadership broadens one's capacity for thought, enabling one to think in novel and original ways.
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THE ANSWER ABOVE IS WRONG ^^^
Never trust the "expert verified" answers because they are wrong 95% of the time. I just tried the answer above and it was WRONG. :(
What is TRUE about government regulations in the United States when it comes to financial institutions?
There are no government regulations for international banking.
You Answered
Electronic fund transfers (EFT) are only regulated if they are made in commercial banks.
Banks that join the Federal Reserve System do not have to abide by all security regulations.
Correct Answer
The government regulates which types of financial accounts are eligible for FDIC insurance.
CORRECT AN ANSWER ALREADY IN SYSTEM: should be last one D instead of the other one.
Answers
You are correct that the government regulates which types of financial accounts are eligible for FDIC insurance. This is an important aspect of financial regulation in the United States, as FDIC insurance helps to protect consumers' deposits in the event of a bank failure.
What are government regulations?Generally, Government regulations are laws, rules, and guidelines made and enforced by a government or other governing body. They help to ensure public safety and protect public interests. Examples of government regulations include environmental protection laws, labor laws, tax laws, and consumer protection laws.
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"Is college the best choice?" Using economic reasoning skills you have learned in this course, you will write an extended paragraph making a claim to the prompt, cite two pieces of evidence directly from the sources, and explain your reasoning of how this evidence connects to the claim.
Answers
Answer:
College education is undoubtedly the best choice for individuals seeking higher-paying jobs and better career prospects. According to the Bureau of Labor Statistics, individuals with a bachelor's degree earn an average of $1,248 per week, while those with only a high school diploma earn an average of $746 per week. This means that college graduates earn almost twice as much as those without a college degree. Additionally, a report by Georgetown University's Center on Education and the Workforce found that by 2020, 65% of all jobs in the United States will require some form of postsecondary education. This means that individuals without a college degree will have limited job opportunities and will be at a disadvantage in the job market.
The evidence from the Bureau of Labor Statistics and Georgetown University's Center on Education and the Workforce supports the claim that college education is the best choice. The higher earnings of college graduates compared to those without a college degree indicate that investing in a college education can lead to better financial outcomes. Furthermore, the report by Georgetown University's Center on Education and the Workforce highlights the increasing demand for postsecondary education in the job market. This means that individuals without a college degree will have limited job opportunities and will be at a disadvantage in the job market. Therefore, it is clear that college education is the best choice for individuals seeking higher-paying jobs and better career prospects.
Would you want to work for a company that has chosen to be a conscious marketer? Why or why not? Support your decision by discussing at least one positive and one negative about working for this kind of company.
Answers
Answer:
You would want to work for one because it had a lower chance of getting closed or loosing money. A positive is wiser spending. A con is not taking all the risks.
Explanation:
Hope this helps!
Entrepreneurs generally think differently about resources than do employee-managers in which of the following ways?
Answers
Managers want larger budgets; entrepreneurs work to do more with less.
How do entrepreneurs approach resources differently from employee-managers?Entrepreneurs have a distinct mindset when it comes to resources compared to employee-managers. While managers often seek larger budgets to accomplish their goals, entrepreneurs tend to focus on doing more with less.
This difference in perspective stems from the inherent nature of entrepreneurship which involves taking calculated risks and maximizing efficiency in resource allocation.
Entrepreneurs understand that resources, such as capital, time, and manpower, are limited and valuable. They recognize that acquiring substantial budgets may not always be feasible, especially in the early stages of a venture.
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Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows: a. Purchase of investments b. Disposal of equipment c. Payment for selling expenses d. Collection of accounts receivable e. Cash sales f. Issuance of bonds payable
Answers
Answer:
a. Investing Activities
b. Investing Activities
c. Operating Activities
d. Operating Activities
e. Operating Activities
f. Financing Activities
Explanation:
Operating Activities includes activities in daily operation of the business as in buying and selling with customers and suppliers.
Investing Activities includes the purchase and sell of assets and investments.
Financing Activities includes the raising of capital and debt and repayments to holders.
Why does demand for substitutes tend to move in the opposite direction from
each other?
O A. One of the substitutes is usually elastic, while the other is
inelastic.
O B. When the price of a good goes up, consumers shift their demand
to its substitute.
C. Substitute goods have perfect unit elasticity for each other.
O D. Substitute goods tend to have inelastic demand.
Answers
Answer:
O B. When the price of a good goes up, consumers shift their demand
to its substitute.
Explanation:
Substitute goods are products that can be used in place of one another. Consumers will be happy to consume either of the products. Substitute goods provide similar solutions to customers' problems.
Should the price of one substitute good increases, its demand is likely to fall. Consumers will prefer to consume the alternative product resulting in an increase in demand for the substitute.
Department 1 of a two department production process shows: Units Beginning Work in Process 10,000 Ending Work in Process 50,000 Total units to be accounted for 160,000 How many units were transferred out to Department 2?
Answers
Answer:
20000 for ending work 100000 total & 320000 are accounted for
1) business which switches its stock valuation method regularly is violating the accounting principle of
(a) double entry. (b) consistency. (c) business entity. (d) prudence.
2) which of the following stages of the accounting cycle is correct?
(a) journalising, posting to the ledger, trial balance, financial statements
(b) posting to the ledger, journalising, trial balance, financial statements
(c) posting to the ledger, trial balance, financial statement, journalising
(d) trial balance, financial statements, posting to the ledger, journalising
3) which of the following are business organisations formed by members?
i)in cooperatives
ii non-profit organisations
iii partnerships
(a) i (b) ii (c) i and ii (d) i and iii
Answers
Answer:
Explanation:The eight-step accounting cycle is important to know for all types of bookkeepers. It breaks down the entire process of a bookkeeper’s responsibilities into eight basic steps. Many of these steps are often automated through accounting software and technology programs. However, knowing and using the steps manually can be essential for small business accountants working on the books with minimal technical support.
Which type of car insurance policy usually has the highest premium?
Answers
Comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.
Comprehensive car insurance is an optional coverage that provides protection against damage to your vehicle from various risks such as theft, vandalism, fire, and natural disasters. It also covers damages to your car from collisions with animals. Comprehensive car insurance provides broader coverage than liability insurance, including damage to both other people and property and your own car, making it more expensive.
Therefore, comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.
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Match each instant message with the appropriate type of recipient.
customer
Tom Louis, a colleague who is also a friend
Sue Fanning, a colleague with whom you've never spoken
Hey! Tell me what you need.
Hi. Did you need any help from me?
Welcome to live chat. How may I help you?
Answers
Match each instant message with the appropriate type of recipient.
Hey! Tell me what you need - Customer Tom LouisHi. Did you need any help from me? - Colleague who is also a friend Sue FanningWelcome to live chat. How may I help you? - Colleague with whom you've never spoken.A business communicator is necessary to growth. If retailer responsibility are the well-treated to the customer. A business can run to long term are the creation the trustworthiness.
If the time to the digital are the online conversation are the asked may I help you? Colleague with whom you've never spoken. Hi. Did you require any help from me? Colleague who is also a friend of Sue Fanning.
As a result, the significance of the instant message with the appropriate type of recipient are the aforementioned.
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why is it important for Holmes not to be the only person interviewing job candidates?
Answers
Answer:
Sherlok asked him wasssupppp and got job.
Explanation:
What are luxury home bar manufacturers?
Answers
Answer:
Some luxury home bar manufacturers include:
1. Kalamazoo Outdoor Gourmet
2. Sub-Zero and Wolf
3. True Residential
4. Perlick
5. U-Line
6. Marvel Refrigeration
7. Scotsman
8. Hestan
9. Lynx Grills
10. Viking Range.
CHECKPOINT QUESTION
Which of the following statements about gossip in the organization is TRUE?
Only small amounts of information are carried on the grapevine of workplace
gossip.
Employees rely on each other for important information more than they rely on
their bosses.
Managers are excluded from using the grapevine to communicate or respond to
messages.
The grapevine can be used to prevent individual agendas and potential
miscommunications.
Answers
Answer:
Only small amounts of information are carried on the grapevine of workplace
gossip.
Explanation:
Grapevine is referred to as the circulation of unofficial information and rumors. Most of the communications in an organization is carried out through grapevine. It is informal communication of messages and information and also gossips in an organization. The grapevine communications carries more of accurate information than gossips. Only a small portion of the information consists of gossips in the functional grapevine.
Think of a time when you were leading a group project. What kinds of problems emerged? How did you hanlde them? How might those skills tranfer to managing a restaurant?
Answers
When leading a group project the most rising problem is deadlines and team coordination this can be handled by effective communication.
What is a group?
A group is referred to as a collection of people who come together to form a relationship or connection with each other. These groups mainly form to perform collaborative activities to achive something.
Working in a group was quite difficult as every individual have own perspective which causes differences of opinion and disagreement within the group.
This agreement can be solved by building effective communication and better relationships with group members in order to achieve the goal.
This will be helpful in the Restaurant business by dealing with customers and timely delivery of the demanded dish or service to them.
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