Answer:
social media websites
Explanation:
Answer:D
Explanation:i just did it on APEX
19. Colombia produces coffee with less labor and land than any other country; it therefore surely has Select one: a. an absolute advantage in coffee production. b. a comparative advantage in coffee production. c. absolute efficiency in coffee production. d. a comparatively absolute advantage in coffee production.
Answer:
b
Explanation:
comparative means using less of something
Corporate owners earn a return ________. A. through interest earnings and earnings per share B. through capital appreciation and retained earnings C. by realizing gains through increases in share price and cash dividends D. by realizing gains through increases in share price and interest earnings
Answer:
C. By realizing gains through increase in share price and cash divideneds.
Explanation:
For most corporations, the management must strive to ensure the firm is doing well in the market space. Once a company is doing well, it will affect its share price positively on the stock exchange.
An increase in the share price of fim is a gain to the firm and its corporate owners. I.e sharedholders. This means that the value of their investment in the firm has appreciated.
Furthermore, the firm must try to make profit which is one of the reason of being in business. A firm that is making profit will be able to declare same at the end of the financial period, hence corporate holders(shareholders) would be have part in profit declaration through dividened.
Corporate owners earn a return through capital appreciation (increase in share price) and cash dividends, as they own a part of the company and its profits. Retained earnings are reinvested for future profitability, while dividends distribute profits to shareholders.
Explanation:The question asks how corporate owners earn a return. Corporate owners earn a return by realizing gains through increases in share price and cash dividends. This is because the owners of a share in a company own a part of the company and, hence, a share of its profits. Corporations often retain some of their profits, known as retained earnings, to reinvest and increase future profitability. Meanwhile, the profits distributed to shareholders are known as dividends. The value of a company's stock is influenced by the expected future profits, making capital appreciation (increase in share price) and dividends key components of a shareholder's return. Additionally, the concept of capital gains is crucial, as it represents the profit from selling a share at a higher price than it was purchased.
When making a product line decision, a company may focus on lost _______ ______ and avoidable fixed costs or prepare comparative income statements. Group of answer choices contribution margin target pricing extraction processing none of the above
Answer:
contribution margin
Explanation:
Contribution margin is the portion of amount by which selling price per unit exceeds variable cost per unit. The amount is the portion of selling price used to service annual fixed cost and profit.
When making a product line decision, it is important for companies to focus on contribution margin of the product that yield the highest profit. Also avoidable fixed cost should be focused on by the firm.
If a firm intends to discontinue certain line of business, all avoidable fixed cost such as cost associated with the product to be discontinued will be avoided.
If I have the only telephone in town, it is essentially worthless. Then other people in town get telephones and I can call them. The value of my telephone rises as more and more of the town installs phones. This makes the telephone a(n) __________ good.
Answer:
Explanation:
The value of my telephone rises as more and more of the town installs phones. This makes the telephone a network good.
What is a network good?A term used in economics to characterize this relationship between demand for a product and demand from other consumers is network externality. In other words, the purchase habits of customers are influenced by what others buy.
The secret to the sharing and collaborative economy is network effects. When a product or service becomes more valuable as more people use it, this phenomenon is known as the network effect.
The spread of sharing and collaboration models, made possible by the internet's international reach, is largely due to this phenomenon.
An economic network is a collection of people, organizations, or nations that collaborate to further the common good. In an economic network, a group's main objective is to improve its position in a market.
By expanding your client base, market share, and the overall value proposition of your product, network effects help you scale your firm and enhance profitability. A network effect is when your product's value rises as more people use it, if you're wondering what that is.
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Which statement summarizes section 401(k) of the Internal Revenue
Code?
A.)Employers must match the amount of an employee's contribution to a retirement fund up to a certain percentage of the employee's
contribution.
B.)Employees are not taxed on interest earned on compensation that
has been placed in specially designated retirement accounts.
C.)Employees are not taxed on income they choose to receive as
deferred compensation rather than direct compensation,
D.)Employers must establish a program that enables employees to
contribute annually to a retirement account.
Answer:
A.)Employers must match the amount of an employee's contribution to a retirement fund up to a certain percentage of the employee's contribution.
Explanation:
401(k) is defined-contribution retirement account.
The ability of an interval estimate to contain the value of the population parameter is described by the
a. confidence level
b. degrees of freedom
c. precise value of the population mean (μ)
d. degrees of freedom minus 1
Final answer:
The ability of an interval estimate to contain the value of the population parameter is described by the confidence level, which indicates the percentage of times the interval will contain the true parameter across multiple samples.
Explanation:
The ability of an interval estimate to contain the value of the population parameter is described by the confidence level. A confidence level (CL) is a percentage that indicates how confident we can be that the interval contains the true population parameter. For example, if the confidence level is 90%, it implies that we expect 90 out of 100 such intervals to contain the population parameter. The margin of error in the interval, which is known as error bound for a population mean (EBM), is influenced by the confidence level, the sample size, and the population standard deviation.
While degrees of freedom (df) also play a role in constructing confidence intervals, particularly in determining the critical value of t in a t-distribution, it is not the term that describes the ability of an interval estimate to contain the population parameter. Therefore, the correct answer is 'confidence level'.
Hanson Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,800,000 on March 1, $1,200,000 on June 1, and $3,000,000 on December 31. Hanson Company borrowed $1,000,000 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 5-year, $2,000,000 note payable and an 11%, 4-year, $3,500,000 note payable. Compute the weighted-average interest rate used for interest capitalization purposes. (Round answer to 2 decimal places, e.g. 7.58%.)
The weighted-average interest rate used for interest capitalization purposes is 4.31%.
Explanation:To compute the weighted-average interest rate used for interest capitalization purposes, we need to calculate the weighted-average interest rate on the outstanding notes payable. Here is the calculation:
Calculate the interest expense on each note payable by multiplying the outstanding balance by the interest rate. For the 10% note, the interest expense is ($2,000,000 × 10%) = $200,000. For the 11% note, the interest expense is ($3,500,000 × 11%) = $385,000. Calculate the weighted-average interest expense by multiplying the interest expense of each note by the proportion of the note to the total outstanding balance. The total outstanding balance is ($2,000,000 + $3,500,000) = $5,500,000. For the 10% note, the proportion is ($2,000,000 / $5,500,000) = 0.3636. For the 11% note, the proportion is ($3,500,000 / $5,500,000) = 0.6364. The weighted-average interest expense is (0.3636 × $200,000) + (0.6364 × $385,000) = $237,727. Calculate the weighted-average interest rate by dividing the weighted-average interest expense by the total outstanding balance. The weighted-average interest rate is ($237,727 / $5,500,000) = 0.0431 or 4.31%.
During the year, Miles Nutt, the sole shareholder of a calendar year S corporation, received a distribution of $16,000. Atthe end of last year, his stock basis was $4,000. The corporation earned $11,000 ordinary income during the year. It has noaccumulated E & P. Which statement is correct?
a.Nutt recognizes a $1,000 LTCG.
b. Nutt’s stock basis is $2,000.
c. Nutt’s ordinary income is $15,000.
d. Nutt’s tax-free return of capital is $11,000.
Answer:
a. Nutt recognize a $1,000 LTCG (long term capital gain)
Explanation:
Since;
Distribution is $16,000
Ordinary income earned is $11,000
Stock basis was $4,000
Therefore,
In this year, his stock basis before distribution is = $11,000+$4,000
=$15,000
After reducing it by the amount of distribution, stock basis reduces to $0
LTCG therefore recognized= $16,000-$15,000
=$1,000.
In this case, the statement that Nutt's tax-free return of capital is $11,000, is correct. The distribution received is first tax-free up to the amount of the shareholder's basis in their stock. Then, any income earned increases the stock basis and is also tax-free up to this amount.
Explanation:With respect to an S corporation, when a distribution or dividend is offered to its shareholders, it is generally tax-free up to the amount of the shareholder's basis in their stock. In the case of Miles Nutt, since his stock basis is $4,000 at the end of the last year, he can initially recoup $4,000 tax-free from his $16,000 distribution. This year, the company has earned an ordinary income of $11,000 which will increase Miles' basis by this amount making it $15,000.
Now, the remainder of his distribution ($16,000 - $4,000 = $12,000) will be tax-free up to the earned income which is $11,000. Thus, Miles Nutt's tax-free return of capital is indeed $11,000 (choice d). Consequently, $1,000 ($12,000 - $11,000) will be recognized as a long-term capital gain (LTCG).
Therefore, Nutt’s ending stock basis becomes $4,000 (initial) + $11,000 (profits) = $15,000. So, option 'b' is incorrect as the ending stock basis is not $2,000, but it's $15,000.
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Most state and local income taxes are either___
Answer:
progressive or flat
Explanation:
took the test :)
Most state and local income taxes are either progressive or flat.
Progressive income taxes are based on the principle of taxing individuals at higher rates as their income increases. This means that individuals with higher incomes pay a higher percentage of their income in taxes compared to those with lower incomes. Progressive income taxes are designed to be more equitable, as they place a greater burden on those who can afford it more.
On the other hand, flat income taxes apply a fixed tax rate to all income earners, regardless of their income level. This means that everyone pays the same percentage of their income in taxes. Flat income taxes are often considered simpler to administer and understand, but they can be seen as less equitable, as they do not take into account differences in income levels.
In summary, most state and local income taxes are either progressive (tax rates increase with income) or flat (a fixed tax rate applied to all income earners).
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What is the goal of ergonomics?
Answer:
The goal of ergonomics is to reduce your exposure to work hazards. A hazard is defined as a physical factor within your work environment that can harm your body. Ergonomic hazards include working in awkward or uncomfortable postures and using excessive force or high repetition to complete a task.
Explanation:
yeah that the goak
Answer:
Ergonomics is the science of designing a workplace for the people who work there.
Explanation:
EDGE 2023
Brainliest Week
Andy is an employee of a fast-food restaurant. Andy uses his income from this job to buy a ticket to a rock concert.
Which of the following explains the flow of productive resources and goods and services taking place?
A Andy is a firm providing a productive resource to one firm and receiving a service from another firm.
B Andy is a firm receiving a productive resource from one firm and providing a service to another firm.
C Andy is a household receiving a productive resource from one firm and providing a service to another firm.
D Andy is a household providing a productive resource to one firm and receiving a service from another firm.
Answer: D.) Andy is a household providing a productive resource to one firm and receiving a service from another firm
Explanation: In the context above, Andy is an household in the fast food restaurant, as he provides labor needed for the running of the fast food firm which inturn provides goods and services to its consumers. Labor provided by Andy is a productive resource which is required by the first food firm for efficient functioning and product. Other productive resources may also include capital and land. From Andy's income, he buys ticket to a rock concert where he now becomes the receiver of another firm's services.
Steven and Emily Campbell are planning to open a casual dining restaurant in downtown Akron, Ohio, and need $125,000 to get started. They have $50,000 of their own money, which leaves $75,000. After getting turned down by a couple of banks, they decided to turn to their relatives and acquaintances for help. Fortunately, they were able to raise the money through a gift from Steven's grandfather, a loan from Emily's parents, and a small investment by Steven's best friend in college, Doug. The money that an entrepreneur raises in this manner is referred to as ________.
Answer:
3Fs (Friends , families and fools)
Explanation:
One of the sources of raising capital for small scale business is through the families , friends and fools
The families and friends are always willing to help to the best of their capacity if the need arises , and as such , they are seen as a reliable way of obtaining capital for business , most especially when other sources fail.
The fools explains the high risk involved in being part of an early stage of a business most especially when adequate security against loans and liabilities are not available.
Nicoloss is a store that sells clothes, cosmetics, travel bags, and furniture to final consumers. Customer reviews indicate that the store offers a high level of service. In this scenario, Nicoloss is an example of a(n) _____.
Answer: Department store
Explanation: When an establishment offers products and services to end or final consumers in various product segments or categories, such stores are usually referred to as department stores. The word department means each product offering is separated or segmented with varieties to choose from. In the scenario above, Nicoloss store is composed of departments ranging from Clothing, Cosmetics, travel bags, furniture, which gives shoppers the opportunity to purchase from different categories of products on offer within the walls of a single store.
Emma is the labor union negotiator. Today, she is meeting with management to discuss the new five-year contract, including wages and benefits. This example of labor-management negotiations over wages exemplifies ________.
Answer:
Distributive bargaining
Explanation:
Distributive bargaining can be defined as a type of bargaining system/strategy in which one party gains only if the other party loses.
Distributive bargaining is mostly used when there is a negotiation that involves fixed resources e.g; money, assets, etc.
Distributive bargaining as a negotiation strategy does not aim to provide a win-win situation for all parties involved but that one party loses while the other gains considerably.
An example of distributive bargaining is a supermarket having a fixed price for an item. in that situation, you can't bargain and as such you either buy the item or leave the store.
That results in a win for the supermarket and a loss for you the buyer should yo choose to buy the item.
Cheers
Reserves consist of the currency in the _____ plus the balance on its _____ account at _____.
A. checking account; certificate of deposit; a Federal Reserve Bank
B. savings account; money market; an investment bank
C. market; reserve; a savings bank
D. bank's vaults; reserve; a Federal Reserve Bank
Answer:
a, Federal Reserve Bank b, savings account c,a savings bank
Reserves consist of the currency in the Federal Reserve Bank plus the balance on its savings account at a savings bank.
What is Saving Account?An interest-bearing deposit account held at a bank or other financial institution is referred to as a savings account. Despite the typically low-interest rates offered by these accounts, their security and dependability make them a fantastic choice for keeping cash on hand for urgent needs.
Savings and other deposit accounts are significant sources of funding for loans made by financial organizations. Because of this, whether a bank or credit union operates only online or in a typical brick-and-mortar location, you may discover savings accounts there. Additionally, several brokerage houses and financial companies provide savings accounts.
Financial institutions frequently finance loans using money from savings and other deposit accounts. Because of this, you could find savings accounts at a bank or credit union, regardless of whether it simply has an internet presence or also has a physical facility. Additionally, a number of financial institutions and brokerage firms provide savings accounts.
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Entries for Issuing Bonds and Amortizing Premium by Straight-Line Method Daan Corporation wholesales repair products to equipment manufacturers. On April 1, 2016, Daan Corporation issued $3,900,000 of 10-year, 6% bonds at a market (effective) interest rate of 4%, receiving cash of $4,537,708. Interest is payable semiannually on April 1 and October 1. a. Journalize the entry to record the issuance of bonds on April 1, 2016. For a compound transaction, if an amount box does not require an entry, leave it blank.
Answer:
Please see journal entries bellow;
On April 1,
Issuance of bond.
Cash account Dr $4,537,708
To bonds payable account
$3,900,000
To premium on bonds payable
$537,708
Explanation:
Daan corporation issued $3,900,00 of 10-year, 6% bonds at a market(effective) interest rate of 4% receiving cash of $4,537,708.
Bond issuance is ;
Cash received - face value= premium.
Journal Entries
On April 1,
Issuance of bond.
Cash account Dr $4,537,708
To bonds payable account
$3,900,000
To premium on bonds payable
$537,708
Sally is a channel manager for the Carolina Bee Company, which offers bee pollination services to orchard growers and farmers. The company acquired a smaller bee business and is integrating it into the company’s current distribution channel process. Which areas of the distribution flow are critical for Sally to address with this new business integration?
Critical areas to consider for the new business integration include product planning, inventory management, logistics, and customer service. These areas ensure smooth operations, adequate supply to meet demand, timely service delivery, and strong client relationships.
Explanation:The areas of the distribution flow that would be crucial for Sally to address with this new business integration would likely include product planning, inventory management, logistics, and customer service.
Product planning involves determining the types and amount of bee services to be offered and the ways in which these will be distributed. It's key to ensuring the newly acquired business aligns with the current product offerings in terms of both quantity and quality.
Inventory management entails managing the company’s bees and ensuring there is an adequate supply to meet demand and handle any unexpected shifts. This area is more relevant for the Carolina Bee Company since the collapse of honeybee populations can significantly affect their business model.
There are also logistics, which involves the physical distribution of the service from the company to the farmers and orchard growers. Efficient logistics ensures timely delivery of pollination services to clients.
Finally, improving and maintaining solid customer service and relationships with the farmers and orchard growers would be integral, particularly during this period of change and business integration.
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Sally should focus on product, negotiation, ownership, information, and promotion when integrating the new bee business into the company's distribution channel. These areas are critical to ensure a smooth and efficient integration process. Thus, option (c) is correct.
Sally is a channel manager for the Carolina Bee Company, which offers bee pollination services to orchard growers and farmers. The company acquired a smaller bee business and is integrating it into the company’s current distribution channel process. The areas of the distribution flow are critical for Sally to address with this new business integration.
The correct areas of distribution to address are:
Product: Ensuring the seamless flow and consistent quality of products across the newly integrated business streams.Negotiation: Effectively managing negotiations to maintain strong relationships with new and existing clients and partners.Ownership: Tackling any legal matters or ownership rights related to the integration.Information: Keeping all stakeholders informed with accurate and timely data throughout the integration process.Promotion: Marketing efforts to promote the newly formed, larger entity to the target market.By focusing on these areas, Sally can help ensure a smooth and efficient integration, which can enhance operational efficiency, cost management, and customer satisfaction.
Complete Question:
Sally is a channel manager for the Carolina Bee Company, which offers bee pollination services to orchard growers and farmers. The company acquired a smaller bee business and is integrating it into the company’s current distribution channel process. Which areas of the distribution flow are critical for Sally to address with this new business integration?
a. service, negotiation, information, promotion, and profit
b. product, ownership, information, cash, and redundancy
c. product, negotiation, ownership, information, and promotion
East Corp. manufactures stereo systems that carry a two-year warranty against defects. Based on past experience, warranty costs are estimated at 4% of sales for the warranty period. During 2005, stereo system sales totaled $3,000,000, and warranty costs of $67,500 were incurred. In its income statement for the year ended December 31, 2005, East should report warranty expense of:
A. $52,500
B. $60,000
C. $67,500
D. $120,000
Answer:
$52,500
Explanation:
Warranty cost are the cost associated with the repair or replacement of a product in case it does not perform as intended after purchase.
It is debited to the warranty expenses account and credited to the warranty liability account.
Total sales for the year - $3,000,000
Warranty estimate basis - 4%
Estimated warranty - 3,000,000 * 4% = $120,000
Warranty cost incurred = $67,500
Balance to be recorded for the year = 120,000 -67,500
$52,500
Payton, Inc.'s charter authorized 100,000 shares of stock with a par value of $1 per share. Payton issues 100 shares at a market value of $5 per share. The journal entry to record this transaction will include a credit to _____ in the amount of _______.
Answer:
Common stock and $100
Explanation:
The journal entry is shown below:
Cash Dr $500 (100 shares × $5)
To Common stock $100 (100 shares × $1)
To Additional paid in capital in excess of par value - common stock (100 shares × $4)
(Being the issuance of the common stock is recorded)
For recording this we debited the cash as it increased the assets and credited the common stock and additional paid in capital as it increased the stockholder equity
Answer:
$100
Explanation:
Turquoise and Topaz Sisters had retained earnings of $10,000 on the balance sheet but disclosed in the footnotes that $2,000 of retained earnings was restricted for plant expansion and $1,000 was restricted for bond repayments. Cash of $2,000 had been set aside for the plant expansion. How much of retained earnings is available for dividends?
A. $8,000
B. $7,000
C. $5,000
D. $10,000
Process activity analysis roen company incurred an activity cost of $105,600 for inspecting 40,000 units of production. management determined that the inspecting objectives could be met without inspecting every unit. therefore, rather than inspecting 40,000 units of production, the inspection activity was limited to a random selection of 5,000 units out of the 40,000 units of production. determine the inspection activity cost per unit on 40,000 units of total production both before and after the improvement. if required, round per unit amounts to the nearest cent. inspection activity before improvement $ per unit inspection activity after improvement $ per unit
Final answer:
Before the improvement, the inspection activity cost per unit was $2.64. After the improvement, when considering the cost per unit inspected for the sample of 5,000 units, it was $21.12; however, the per-unit cost remains $2.64 when allocated to the entire production of 40,000 units since the total cost did not change.
Explanation:
To determine the inspection activity cost per unit for the Roen Company before the improvement, we divide the total activity cost by the quantity of production:
AC = TC/Q = $105,600 / 40,000 units = $2.64 per unit.
After the improvement, the total activity cost remains the same, but it is now spread over a random sample of 5,000 units instead of the entire 40,000 units. Hence, if we only consider the sample, the cost per unit inspected would be:
AC = TC/Q = $105,600 / 5,000 units = $21.12 per unit.
However, looking at the cost allocated to the entire production of 40,000 units, the per-unit cost doesn't change as the total activity cost is unchanged regardless of the sample size inspected:
AC = TC/Q still equals $105,600 / 40,000 units = $2.64 per unit after the improvement due to the cost being an overhead.
The earnings gap in the U.S. labor market between black and white workers:________.a. was completely eliminated by the end of the 1960s.b. has not diminished at all since 1960.c. has diminished since 1960, but a gap still remains.d. existed in the 1960s but was reversed throughout the 1970s.
Answer:
Option C. Has diminished since 1960, but a gap still remains.
Explanation:
The reason is that accepting change is the long process and every person have different stories. Mostly people don't value person and what they do is they value things on the basis of what they perceive about things. They perceive things on the basis of similarities of that thing with the other. We must treat people fairly and not on the grounds that nature has not given him right to change (Color) or things that are acceptable in our society but we try to force them to not do things (Practicing religion) just because I don't like. In the nutshell, such type of thinking still exist and is the reason why there is a earning gap in the US.
I need someone to answer this fast is anyone good at accounting and is willing to help me for a while ?
Answer:
Why not
Explanation:
Here at brainly there are more than 150 million users, so all you have to do is go to the home page write your question at the ask question section and wait till any user answers that. Otherwise, you can also message me the question. I will answer that and I am a Chartered Accountant. So I will answer your question.
Suggestion boxes are a good idea, but if they are used, ________.
a. each suggestion should be logged into a database available to all employees
b. employees should be adequately rewarded for every idea they submit that is implemented
c. managers should explain why suggestions are feasible or not
d. no anonymous suggestions should be accepted
What is a stereotype
Answer:
a widely held but fixed and oversimplified image or idea of a particular type of person or thing.
The accounting hired by Forever Fitness have determined total fixed cost to be $75,000, total variable cost to be $130,000, and total revenue to be $125,000.
Because of this information, in the short run, Forever Fitness should:
a) lower their prices to increase their profits.
b) stay open because the firm is making an economic profit.
c) stay open because shutting down would be more expensive.
d) shut down because staying open would be more expensive.
Answer:
Option D. Shut down because staying open would be more expensive.
Explanation:
The reason is that the total variable cost is lower than the total revenue which means the company can not reduce its variable cost so it is meaningless to produce the product. So the best option left is not to generate loss by simply shutting down the business.
One of the claims of ______ is that prejudice stems from people's desire to maintain dominance and social hierarchies.
Question 5 options:
A)
face negotiation theory
B)
social dominance theory
C)
social cognition theory
D)
expectancy violation theory
The statement that prejudice arises from a desire to maintain dominance and social hierarchies is a key tenet of social dominance theory, which examines the structures that perpetuate group-based social hierarchies.
Explanation:The claim that prejudice stems from people's desire to maintain dominance and social hierarchies is associated with social dominance theory. This theory proposes that societies maintain group-based hierarchies by promoting dominant groups and subordinating the others. It deals with power dynamics within a society and examines how these hierarchies are perpetuated across various social systems, such as legal, cultural, or institutional structures.
On the other hand, theories like conflict theory and other perspectives on prejudice and discrimination focus on how dominant groups benefit by exploiting and oppressing subordinate groups, either for resources or to maintain the status quo. It describes how this imbalance of power and resources leads to social conflicts, often involving prejudice and discrimination.
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The demand for the services of trish's computer services has increased. trish employs several workers who diagnose and fix clients' computer problems. this increased demand has allowed trish to raise her prices. what will happen to the mrp and wages of trish's workers? the wage rate is w2; the old wage was w1. what is the economic rent trish's workers now earn? define economic rent. what factors affect the elasticity of supply of the labor supply curve that trish faces as she hires workers?
Answer:
1) what will happen to the mrp and wages of trish's workers?
the marginal revenue product (MRP) is defined as the additional revenue generated by employing one extra unit of labor. In this case, the MRP will exceed the wages paid by Trish, generating economic rent or above average returns.
2) the wage rate is w2; the old wage was w1. what is the economic rent trish's workers now earn?
If Trish raises her employees' wages due to the increasing in price, then her employees will be earning economic rent = w2 - w1. This means that their wage is higher than the usual wage that would be paid for doing that job.
3) define economic rent.
Economic rent is defined as the additional profit generated by a business that exceeds its opportunity cost.
Economic rent = marginal revenue product – opportunity cost
The opportunity cost is the extra costs or benefits lost from choosing one activity or investment over another alternative.
In this case, Trish is earning an economic rent with her business because her earnings are higher than any other earnings that she could make by investing in something else.
4) what factors affect the elasticity of supply of the labor supply curve that trish faces as she hires workers?
The elasticity of the labor supply curve shows how much a 1% change in wages affect the quantity of labor supply (in % also).
In this case, the factors affecting the labor supply would be the substitution effect and the income effect of a rise in wages. Both factors are opposite, and in this case I would believe that the substitution effect would be greater.
The substitution effect means that workers will start working more because they are paid a higher wage. they will be willing to give up leisure time in order to work more hours and earn a higher salary.The income effect means that workers will start working less hours due to higher wages per hour.The increased demand for Trish's computer services allows her to raise the price of services, thus increasing the MRP and wages of her workers. The workers now earn economic rent, which is an excess payment above what is required to keep them employed. The elasticity of labor supply Trish faces depends on skills availability, job attractiveness, and geographical factors.
The increase in demand for Trish's computer services allows her to raise prices, which in turn increases the marginal revenue product (MRP) of her workers. As a result, the wages of Trish's workers can also increase, moving from an old wage rate w1 to a new, higher wage rate w2. The difference between the workers' new wage and the market equilibrium wage they were willing to accept is known as economic rent, which is a form of income that they receive due to the increased demand for their specialized skills.
Economic rent is defined as the excess payment made to a factor of production (in this case, labor) over and above the amount required to keep that factor employed in its current use. In the context of labor, it is often related to unique skills or abilities that are in short supply.
Several factors affect the elasticity of labor supply facing Trish. These include the availability of workers with the necessary skills, the relative attractiveness of the job compared to alternative occupations, and the geographical location of the job. If there are few skilled workers or there are high barriers to entry, the supply will likely be inelastic. If there are many workers with the required skills or the barriers are low, the supply curve might be more elastic.
_____ is the total value of all the finished goods and services produced in a country over a certain period of time
Answer:
GDP (Gross Domestic Product)
Explanation:
Gross Domestic Product (GDP) is the total value of all the finished goods and services produced in a country over a certain period of time. It is a measure used to gauge the health and growth of an economy.
Gross Domestic Product (GDP) is the total value of all the finished goods and services produced in a country over a certain period of time. It is a measure used to gauge the health and growth of an economy.
GDP includes all final goods, which are goods that are ready for consumption and do not require any further processing. Examples of finished goods include cars, televisions, and clothing. Services such as healthcare, education, and transportation are also included in GDP.
GDP is an important indicator as it reflects the overall economic activity in a country and can be used to compare the economic performance of different countries or track changes in an economy over time.
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Ocala Clinic’s services result in $5,000 in daily billings to third-party payers. On average, it takes the clinic 50 days to collect its receivables. If the interest rate on loans needed to finance receivables (cost of carrying receivables) is 10 percent, what is the clinic’s dollar annual cost of financing its receivables balance?
Answer: $25,000
Explanation:
Carrying cost of receivables = 10% interest on loan to finance receivables
Daily billing to third party payers = $5000
Average Period to collect receivables = 50 days
Interest payment = 10% × $5000
Interest payment = 0.1 × $5,000
Interest payment = $500
Dollar annual cost of financing receivable balance:
Daily interest payment × average period to collect receivables
$500 × 50 = $25,000