Tomato demand rises as a result of an increase in sales of tomato juice. Price rises, which raises the surplus of producers.
What effects do price changes have on supply and demand?Two fundamental economic principles combine to form the law of supply and demand, which explains how changes in the price of a resource, commodity, or product affect its supply and demand. Supply rises while demand decreases as the price rises. On the other hand, as the price falls, demand rises while supply decreases.
When prices rise, what happens to demand?This is what economists call the Law of Demand. The quantity demanded decreases when the price rises, but demand stays the same. Quantity demanded rises when the price decreases.
Learn more about law of supply and demand here:
https://brainly.com/question/1222851
#SPJ1
Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax’s sales are for credit (no cash is collected at the time of sale). The company began 2021 with a refund liability of $400,000. During 2021, Halifax sold merchandise on account for $12,500,000. Halifax merchandise costs it 70% of merchandise selling price. Also during the year, customers returned $613,000 in sales for credit, with $338,000 of those being returns of merchandise sold prior to 2021, and the rest being merchandise sold during 2021. Sales returns, estimated to be 5% of sales, are recorded as an adjusting entry at the end of the year. A) Prepare the entry to record the merchandise returns and the year-end adjusting entry for estimated returns. Note: Record the estimated returns at net amounts. B) What is the amount of the year-end allowance for sales returns after the adjusting entry is recorded?
A)To record the merchandise returns: Sales Returns and Allowances $613,000 Accounts Receivable $613,000 To record the year-end adjusting entry for estimated returns:
Estimated Sales Returns and Allowances $625,000Allowance for Sales Returns and Allowances $625,000 The estimated sales returns and allowances of $625,000 is calculated as follows: Sales = $12,500,000 Estimated returns (5% of sales) = $625,000 Since $338,000 of the returns were for merchandise sold prior to 2021, we need to subtract this amount from the total returns to determine the amount of returns for merchandise sold during 2021: Returns for merchandise sold during 2021 = $613,000 - $338,000 = $275,000 The net amount of the estimated returns is calculated as follows: Estimated returns = $625,000 Less: Returns for merchandise sold prior to 2021 = $338,000 Net estimated returns for merchandise sold during 2021 = $287,000 The adjusting entry is recorded for the net estimated returns of $287,000. B) The year-end allowance for sales returns after the adjusting entry is recorded is calculated as follows: Refund liability at the beginning of the year = $400,000 Add: Returns for merchandise sold during 2021 = $275,000 Subtract: Net estimated returns for merchandise sold during 2021 = $287,000 Year-end allowance for sales returns = $388,000 Therefore, the year-end allowance for sales returns after the adjusting entry is recorded is $388,000.
For more information on Estimated returns see:
https://brainly.com/question/30974589
#SPJ1
The political candidates keep talking to the citizens about the possibility of a recession what would most likely happen if a country experience a recession
The thing that would MOST likely happen in this case if a country experiences a recession is D.Businesses will suffer from decreased sales and profits, eventually leading to closure
What is recession ?Recession, in economics, can be described as the downward trend in the business cycle.
Itshouldbe nopted that this can be seen as the decline in production and employment, whereby the incomes and spending of households to decline and as a result of thisthere would be hunger sa well as hardship in the country for this cause.
Learn more about recession at:
https://brainly.com/question/21139689
#SPJ1
missig part
What would MOST likely happen if a country experiences a recession?
A.
Feeling confident in the economy, people will begin to spend money more freely.
B.
Jobs will be more plentiful, and companies will be doing a lot of hiring.
C.
Families will start to purchase larger and more expensive homes.
D.
Businesses will suffer from decreased sales and profits, eventually leading to
In the insert table box, you select the (blank) checkbox to crest the first row as the header of the table
Selecting the "Header row" checkbox in the "Insert Table" box allows you to create a visually distinct first row that serves as the header of the table, providing column labels and enhancing readability.
In the "Insert Table" box, you select the checkbox labeled "Header row" to create the first row as the header of the table. This checkbox allows you to specify that the first row should be treated differently from the rest of the table rows.
When the "Header row" checkbox is selected, the text formatting applied to the first row is typically different from the formatting of the other rows, usually appearing bold or with a different background color.
The header row serves as a reference for the table's content, providing column labels or titles that describe the data in each column. It helps users quickly understand the information presented in the table and aids in navigating or sorting the data. By distinguishing the header row from the rest of the table, it becomes easier to differentiate between the table's structure and its content, enhancing readability and organization.
By utilizing the "Header row" checkbox, you can effortlessly create visually appealing and user-friendly tables with clear headings that improve the overall understanding and accessibility of your data.
To learn more about Header rows
https://brainly.com/question/24080002
#SPJ8
Suppose you obtain a 30-year mortgage loan on which you have to pay 7.5% (fixed) interest rate. Further suppose that both you and your lender anticipate inflation will average 3.0% during the life of the loan. Now suppose the inflation rate during the term of the loan is actually 1.0% per annum. It follows that your real rate of interest is _ and, ceteris paribus, _ better off as a result of the difference between the anticipated and the actual rate of inflation.A. 3.0%, you areB. 8.5%, your lender isC. 4.0%, you areD. 6.5%, your lender is
The real rate of interest is calculated as the nominal interest rate minus the inflation rate. the correct answer is D
Nominal interest rate = 7.5%
Inflation rate = 1.0%
Real rate of interest = Nominal interest rate - Inflation rate
Real rate of interest = 7.5% - 1.0%
Real rate of interest = 6.5%
Therefore, The real rate of interest is 6.5%, and the lender is better off as a result of the difference between the anticipated and the actual rate of inflation. When inflation is lower than anticipated, lenders benefit because they receive loan payments with a higher purchasing power than they expected. In this case, the borrower (you) will pay back the loan with dollars that are worth more than the lender anticipated, effectively giving the lender a higher return on the loan. The borrower, on the other hand, is worse off because they are paying a higher real rate of interest than they expected.
To learn more about rate of interest here:
https://brainly.com/question/13324776
#SPJ4
Which of the following is the most important factor contributing to the specialization of the architect and engineer roles into separate functions?
Specialization ensures that no one person is the only knowledgeable person on a project.
Specialization assists with more precise budget projections.
Specialization ensures one role is not more important than the other roles on a project. Specialization better ensures plans are implemented more efficiently.
Answer:
Its Making budget is working on a company on a city that the budget is high to pay you the boss of the company. I prefer working in the city
Which of these conditions signals that it is likely time to update or eliminate a
stock option program?
A. The company has a large number of shares.
B. Employees regularly use their stock options.
C. The value of stock is stable.
D. Stock option record keeping is up to date.
Answer:
D
Explanation:
when the record is updated,
explain the concept of delegation of authority
Explanation:
Delegation of authority is a process that enables a person to assign a task to others. As a manager or leader, you're expected to perform several tasks and meet multiple deadlines. To ensure that you achieve your objectives on time, you delegate responsibility to your team members
Answer:
In order to meet the targets, the manager should delegate authority. Delegation of Authority means division of authority and powers downwards to the subordinate. Delegation is about entrusting someone else to do parts of your job. Delegation of authority can be defined as subdivision and sub-allocation of powers to the subordinates in order.
Explanation:
Sarah is having a hard time finding a template for her advertising business that she may be able to use at a later date and also make it available to her colleagues.
Answer:
The advertising business could use Sarah's template and give it to her colleagues and sell it out to everyone.
Explanation:
She can then use the other templates for a later date and make it availbale to her colleagues whenever they need it.
A: creating a custom template
Feed the Hungry Children, a (fictitious) not-for-profit tax-exempt entity under IRC Sec. 501(c)3, has been in operation for six years. The mission of the group is to provide healthy breakfast meals to children in inner city schools, so they can best learn. A wealthy local philanthropist has been meeting with the organization hoping to change the direction of the organization in return for a $1,000,000 permanent endowment donated to the group. While these negotiations were taking place this year, the organization suspended its normal operations. The draft of the Form 990 for this fiscal year shows 0 revenues and 0 expenses for this fiscal year and penciled in is a $1,000,000 gift from the philanthropist. The treasurer of the Board is drafting the Schedule A for the Form 990 in preparation for reporting to the Board whether the organization's status has changed form a public charity to a private foundation. Go to the www.irs.gov website and obtain Form 990, Schedule A. In your own words, construct an argument to support why this tax-exempt entity is still a public charity.
Despite the suspension of normal operations and the potential $1,000,000 gift from a wealthy local philanthropist, there is still an argument to support that Feed the Hungry Children, the not-for-profit tax-exempt entity, remains a public charity.
1. Review the requirements for a public charity: According to IRC Sec. 501(c)3, a public charity must receive a substantial part of its support from public contributions and grants and be organized and operated for charitable purposes.
2. Examine the mission and purpose: Feed the Hungry Children's mission is to provide healthy breakfast meals to children in inner city schools, with the aim of helping them learn better. This aligns with a charitable purpose focused on improving the well-being of children and promoting education.
3. Consider the organization's history: Feed the Hungry Children has been in operation for six years, consistently providing healthy breakfast meals to children in need. Its long-standing commitment to charitable activities demonstrates a track record of serving the public interest.
4. Evaluate the potential gift: The $1,000,000 gift from the local philanthropist, although substantial, does not automatically change the organization's status from a public charity to a private foundation. The organization's eligibility is determined by its overall sources of support, not a single donation. If the gift does not significantly alter the public support test, Feed the Hungry Children can still maintain its public charity status.
5. Analyze the Form 990, Schedule A: The treasurer of the Board is preparing the Schedule A for the Form 990, which provides information about the organization's public support and support schedule. By reviewing this form, it will be possible to determine whether the organization's public charity status has changed or if it still meets the required criteria.
6. Document the argument: Compile the findings from the review, emphasizing the organization's charitable purpose, its history of serving the public, and the evaluation of the potential gift's impact on public support. Present these points in a well-structured and persuasive argument to support the conclusion that Feed the Hungry Children remains a public charity.
It is important to consult with legal or tax professionals for accurate and specific advice in interpreting tax laws and regulations related to the organization's status.
For more such questions on philanthropist, click on:
https://brainly.com/question/11307464
#SPJ8
What are the four main functions of business?
Answer:
have great day UwU!!!!!!
Answer:
Planning, Organizing, Leading, amd Controlling
1. Which class of medications does the Centers for Medicare and Medicaid Services limit the PRN use to 14 days?
Anticholinergics
Antipsychotic medications
Antiarrhythmics
Beta-blockers
The Centers for Medicare and Medicaid Services limit PRN use to 14 days for Antipsychotic medications.
PRN prescription and administration are generally used for psychotropic and psycholeptics medications, including antipsychotics, neuroleptics, anxiolytics, sedatives, and hypnotics.
PRN antipsychotic orders are restrained to 14 days simplest. PRN antipsychotic orders might not be extended past the 14-day restriction. documents the scientific purpose for the brand new order, which ought to consist of how the resident benefits from the medication as a result of the PRN order.
The PRN prescription stands for 'pro re nata,' which means that the management of medication is not scheduled. as a substitute, the prescription is taken as wished.
Learn more about PRN here https://brainly.com/question/17531709
#SPJ9
What was the overall response to Cornett’s plan to put his city on a diet, both locally and nationwide? What were some things that occurred as a result of the coverage and his website.
Mayor Cornett's initiative was well received nationally and locally because he cared for the public health of citizens in an innovative way.
Who is Michael Cornett?Michael Cornett (1958) is an American politician who served as the mayor of Oklahoma City between 2005 and 2018.
During his tenure, he had an innovative and unconventional initiative that he called This City Is Going On A Diet with which he sought to establish guidelines for good nutrition and a healthy lifestyle to reduce obesity rates in the city.
In general, this initiative was well received by the inhabitants of the city who joined efforts to lose weight. Additionally, this had a positive impact at the national level since the president's wife extolled her positive work for the health of citizens.
In this program, he founded a help website for people who were interested in getting professional weight loss support. There they found healthy food options, tips and other pertinent information to help them lose weight.
Learn more about Oklahoma in: https://brainly.com/question/7482640?referrer=searchResults
If Amelia would like to double her money in twelve years, how much interest does she need to earn O 12 percent O 16.6 percent O 6 percent 10 percent
Out of the given answer choices, the interest rate that Amelia needs to earn to double her money in twelve years is 16.6 percent.
To find out how much interest Amelia needs to earn to double her money in twelve years, we need to use the compound interest formula.
This formula is used to determine the future value of an investment based on the principal, the interest rate, the number of compounding periods, and the time involved.
The formula is as follows: FV = PV x (1 + r/n)^(n*t)where FV = future value, PV = present value (the amount of money Amelia currently has), r = annual interest rate, n = number of times the interest is compounded per year, and t = time in years.
To double her money, Amelia needs to have a future value that is twice her present value. Therefore, we can set FV = 2PV and solve for r.
2PV = PV x (1 + r/n)^(n*t)Dividing both sides by PV, we get:2 = (1 + r/n)^(n*t)
Taking the natural logarithm of both sides, we get: ln(2) = ln[(1 + r/n)^(n*t)]
Using the power rule of logarithms, we can simplify the right side of the equation to ln(2) = (n*t) ln(1 + r/n)
Dividing both sides by (n*t), we get:ln(2) / (n*t) = ln(1 + r/n)
Finally, we can solve for r by raising both sides as the power of e: e^(ln(2) / (n*t)) = 1 + r/n
Subtracting 1 from both sides and multiplying by n, we get:r = n x (e^(ln(2) / (n*t)) - 1)
Plugging in the values given, we get:r = n x (e^(ln(2) / (n*12)) - 1)
We don't know the value of n, so we can try each of the answer choices to see which one gives us a value of r that works.
Using a financial calculator or a spreadsheet program like Excel, we can calculate the values of r for each interest rate.
Using 12 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0956 or 9.56 percent
Using 16.6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.1407 or 14.07 percent
Using 6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0488 or 4.88 percent
Using 10 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0794 or 7.94 percent
For more such questions on interest rate
https://brainly.com/question/29451175
#SPJ8
how can the size of the industrial/service sector and the agriculture employment rate indicate the level of industrialization?
Answer:
The more electricity, communications, and transportation used in a nation's economy, it will give them a more developed country and a greater potential for increased industrialization
Rachel's Designs has 2,000 shares of 7%, $50 par value cumulative preferred stock issued at the beginning of 2019. All remaining shares are common stock. Due to cash flow difficulties, the company was not able to pay dividends in 2019 or 2020. The company plans to pay total dividends of $23,000 in 2021. How much of the $23,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders?
Preferred dividends in arrears for 2019 and 2020?
Preferred dividends for 2021?
Total Dividends?
Answer:
Dividend of preferred shares = No of shares * Dividend percent * Par value of shares = 2,000 * 7% * $50 = $7,000
Hence, dividend in arrears for the year 2019 and 2020 is $14,000 ($7,000+$7,000). Dividend for 2021 is $7,000
Description Amount
Preferred dividend in arrear for the year 2019 and 2020 $14,000
Add: Preferred dividend for the year 2021 $7,000
Total preferred dividend $21,000
Less: Total dividend $23,000
Dividend for common shareholder ($2,000)
Hence, dividend paid for cumulative preferred share in the year 2021 is $21,000 and the amount paid for common shareholders is $2,000
How much will be paid to common stockholders is 2,000
Preferred dividends in arrears for 2019 and 2020 is 14,000
Preferred dividends for 2021 is 7,000
Total Dividends is 23,000
Preferred dividends for 2021
(2000 x .07 x $50)= 7,000
Dividend distribution
Preferred dividends for 2019 and 2020 $14,000
(7,000×2)
Preferred dividends for 2021 7,000
Remaining dividends for common stockholders 2,000
(23,000-14,000-7,000)
Total dividends 23,000
(14,000+7,000+2,000)
Learn more here:
https://brainly.com/question/22782924
25 POINTS NEED ANSWER ASAP!!!
Type the correct answer in the box. Spell all words correctly.
What characteristic describes a leader’s ability to assign the responsibility of completing a task to a person who has necessary talent?
(blank) helps a leader recognize the talents of an employee or team member when assigning relevant tasks.
Delegation helps a leader recognize an employee's talents and ability when assigning relevant tasks.
The trademark that depicts a pioneer's capacity to dole out the obligation of getting done with a job to a the fundamental individual ability is designation.
Viable designation is a fundamental authority expertise that includes recognizing the qualities and capacities of colleagues and allocating assignments likewise. This permits chiefs to use the abilities of their colleagues to accomplish hierarchical objectives and work on in general execution.
Compelling designation requires a pioneer to have a careful comprehension of the capacities of their colleagues and to trust them to finish relegated jobs with insignificant management.
It additionally includes setting clear assumptions and giving fundamental assets and support to guarantee effective undertaking fruition.
Designation assists a pioneer with perceiving the gifts of a representative or colleague while doling out important undertakings since it permits the pioneer to match errands to the particular qualities and capacities of each colleague.
This can prompt expanded work fulfillment, inspiration, and commitment among colleagues, as they feel that their abilities are being used and esteemed.
Generally, assignment is a significant authority expertise that can assist pioneers with boosting the gifts and capability of their colleagues, prompting worked on authoritative execution and worker fulfillment.
To learn more about talents and ability, refer:
https://brainly.com/question/14922090
#SPJ1
In marketing his wooden pens and pencils to specialty-shop customers. What marketing straregy Roben was using and why?
Answer:
concentrated marketing
Should government play an active role in business enterprises? Discuss with examples
Answer: produce most available goods and services
Explanation:
You purchase Rayovac batteries from Wal-Mart. You send in your battery receipt and a form with your name, address, and UPC code to Rayovac. Rayovac sends you a check for $5.00. What type of discount is this? O A sale O A gift card O A rebate O A coupon
Answer:
a rebate because companies like that and paint companies give out rebates
As a corporation, you want to distribute money to shareholders as a dividend. If the dividend is taxed at a rate of 20% and the dividend is $1 per share, how much money will a shareholder of 10,000 shares get after-tax? a) $8,000 b) $8,250 c) $8,400 d) $9,000
Answer:
a) $8,000
Explanation:
The tax rate is 20% of the dividend. If the dividend is $1 per share, the actual tax per share is 20 percent of $1.
=20/100 x $1
=0.2 x$1
=20cents per share
A shareholder will receive $1- 20 cents as dividends per share
=80 cents or $0.80 per share.
A shareholder with 10,000 shares will get
=10,000 x $.80
=$8,000
Answer:
$8000
Explanation:
Your friend Stan owns a coffee shop in a monopolistically competitive industry. One day, Stan tells you (an economist) that he is earning an economic profit and is setting his price equal to his marginal cost. Is Stan producing the profit-maximizing amount of coffee? What should he do?
In a monopolistically competitive industry, each firm has some control over the price it sets due to product differentiation.
Stan mentioned that he is earning an economic profit and setting his price equal to his marginal cost. To determine whether he is producing the profit-maximizing amount of coffee, we need to consider a few factors.
1. First, let's understand the relationship between price, marginal cost, and profit maximization. In a competitive market, profit maximization occurs where marginal cost equals marginal revenue. However, in monopolistic competition, firms have some market power, so the profit-maximizing quantity occurs where marginal cost equals marginal revenue, not price.
2. Setting the price equal to marginal cost does not necessarily guarantee profit maximization. If Stan's price is equal to marginal cost, it means that he is covering his variable costs, but it does not take into account his fixed costs. To maximize profit, Stan should set his price above marginal cost, considering both variable and fixed costs.
3. If Stan is currently earning an economic profit, it suggests that he may not be producing the profit-maximizing amount of coffee. In monopolistic competition, firms tend to have excess capacity, meaning they produce less than the quantity that would minimize average total cost. By increasing his output, Stan may be able to reduce his costs and increase his profit.
Considering these factors, here are a few suggestions for Stan:
- Conduct a cost analysis: Stan should evaluate his fixed and variable costs to understand the full picture of his expenses. By knowing his costs, he can set a more informed price and determine the profit-maximizing quantity.
- Consider demand elasticity: Stan should also assess the price elasticity of demand for his coffee. If demand is relatively elastic, a small price increase may result in a significant decrease in quantity demanded, potentially reducing his profits. On the other hand, if demand is inelastic, Stan may be able to increase his price without a significant drop in sales.
- Experiment with pricing: Stan could consider experimenting with different prices to find the optimal point that maximizes his profit. By monitoring customer response to different prices, he can identify the price that generates the most revenue while covering his costs.
By taking these steps and considering the unique characteristics of monopolistic competition, Stan can better position his coffee shop for long-term success and profitability.
For more such questions on monopolistically competitive industry
https://brainly.com/question/25717627
#SPJ8
Explain the effect on firms and labor market
The Taj Mahal Tour Company proposes to invest $3 million in a new tour package project. Fixed costs are $1 million per year. The tour package costs the company $500 to produce and can be sold at $1,500 per package to tourists. This tour package will last for the next five years. If the cost of capital is 20 percent, what is the NPV break-even number of tourists per year? (Ignore taxes. Round to the nearest 1,000.)
Answer:
2000
Explanation:
(X) * (1500 - 500) - 1,000,000 = 1,000,000 X (1000) = 2,000,000
X = 2,000,000/1000 = 2000
If the cost of capital is 20 percent, the NPV break-even number of tourists per year would be $2,000.
What is the Net present value (NPV)?The current worth of a stream of payments from a business, project, or investment is determined using net present value (NPV). You must predict the timing and size of future cash flows in order to determine NPV, and you must choose a discount rate that is equal to the least allowable rate of return. Using the appropriate discount rate, computations are performed to determine the current value of a stream of future payments or NPV.
Projects that have a positive NPV are generally worthwhile pursuing, whereas those that have a negative NPV are not. Your cost of capital or the rewards offered by substitute investments with equivalent risk may be reflected in the discount rate. A project's or investment's net present value (NPV) indicates the rate of return will be above the discount rate.
Learn more about Net present value (NPV), here:
https://brainly.com/question/29525757
#SPJ2
In this assignment, you will develop a more personalized understanding of the Balanced Scorecard concept and see how your vision and mission can be linked to your goals and objectives. Using the S-M-A-R-T tools in section 6.7 of Chapter 6 in the text, create your own list of goals and objectives.
Create 4 to 5 S-M-A-R-T goals and objectives and demonstrate how they link to your Strategy Diamond and personal vision and mission statements.
Be sure that your Learning Journal entry is a minimum of 500 words.
Answer: The answer is provided below.
Explanation:
The following are my SMART goals:-
Specific
1. I want to be physically fit within 5 months so as to be able to run a marathon in less than 2 hours.
2. I want to become a head of department in my current organization from my current position as a junior staff within the next 4 years in order to be able lead a team.
3. I want to become an amazing and better husband to my wife through spending more quality time with her.
4. I want to become a better father to my children by spending time with them and helping them with their school works.
Measurable
1. I would start my training from the following week. I would begin by running 3 to 5 kilometers with walk breaks.
2. I would talk to my boss next week and request for more responsibilities and also to ask him the requirements neccesary to get promoted.
3. I would come back from office early and spend time with my wife.
4. I would come early from work and spend my weekends together with my children.
Attainable
1. I will talk to other marathoners to know whether my goal is attainable and will also research about it.
2. I will talk to my colleagues whom are head of departments about how they were promoted.
3. I will talk to other husbands that are successful.
4. I will talk to other dads to know whether my goal is attainable.
Realistic
When I start measuring my progress weekly and getting a feedback from people whom I admire, then I would know how realistic my goals are.
Timely
I have given a time frame for the attainment of all these goals which is very vital.
For implementing these goals, I m going to use the Plan-Do-Act-Dare cycle.
Since my objective is to become a well rounded person in my personal and also my professional life, the above steps will surely help me in becoming that person.
The strategy diamond will consist of:-
1. Arenas- Professional and Personal
2. Vehicles- Focus and hard work
3. Differentiation- Being different and unique from others.
4. Staging- Speed of initiatives
There should also be an economic logic that is binding this.
Suppose that the production function is y= 9k^0.5 N^0.5. With this production function, the marginal product of labor is MPN= 4.5K^0.5 N^-0.5. The capital stock is K= 25. The labor supply curve is NS= 100[(1-t)w]^2, where w is the real wage rate, t is the tax rate on labor income, and hence (1-t)w is the after-tax real wage rate.c.Suppose that a minimum wage of w=2 is imposed. If the tax rate on labor income, t, equals zero, what are the resulting values of employment and the real wage? Does the introduction of the minimum wage increase the total income of workers, taken as a group?
The resulting values for employment and the real wage are 70.3125 and $1.5811 per hour, respectively.
The introduction of the minimum wage does not increase the total income of workers taken as a group.
How to determine employment and real wageTo find the resulting values of employment and real wage, determine where the labor supply curve intersects the labor demand curve.
MPN =
\(4.5K^0.5 N^-0.5 = (9K N)^0.5 / (2KN)^0.5 = (9/2)^0.5 (K/N)^0.5 = w/P
\)
where P is the price of output, which we can assume is equal to 1.
This equation can be rearranged to solve for N:
N =
\((9/2) (K/w)^2\)
Plugging in K = 25 and w = 2, we get:
N =
\((9/2) (25/2^2) = 70.3125\)
To find the real wage, we can plug this value of N into the labor supply curve:
NS =
\(100[(1-t)w]^2 = 100(1-0)(2)^2\)
= 400
Since labor supply exceeds labor demand, the real wage will be bid down to the equilibrium level.
\((9/2)^0.5 (K/N)^0.5 = w/P
(9/2)^0.5 (25/N)^0.5 = 1/2
N = (9/2) (25/2^2) = 70.3125
w = 2(70.3125/100)^0.5 = 1.5811\)
The equilibrium real wage is $1.5811 per hour.
To determine whether the introduction of the minimum wage increases the total income of workers,
Total income before minimum wage = wN = 1.5811 x 70.3125 = $111.31
After the minimum wage of $2 is imposed, the real wage is fixed at $2, and the level of employment is determined by the intersection of the labor supply and demand curves at this wage:
N =
\((9/2) (25/2^2) / (2)^2 = 35.15625\)
Total income after minimum wage = wN = 2 x 35.15625 = $70.31
Since the total income of workers decreases from $111.31 to $70.31 after the minimum wage is imposed, the introduction of the minimum wage does not increase the total income of workers taken as a group.
Learn more on Real wage on https://brainly.com/question/1622389
#SPJ1
What is the correct dg pick up process
The correct DG pick up process includes:
order in the DG Applook for your Order Ready emailgrab your order from the in-store Pickup shelvesWhat is the meaning of DG pick up process?The term is conjured from Dollar General Buy which refers to the program that enables customers to shop online from the store and discount coupons can be used with the purchase.
The use of DG pick up helps to drives the sales of the store as it provides convenience to the customers and maintains their records.
The benefits of the DG PickUp program are drives sales, maintains Dollar General's competitiveness and adds value and convenience for our customers.
Read more about DG pick up
brainly.com/question/22587046
# SPJ1
FILL IN THE BLANK Customer acquisition ___ (CAC) is a metric that is used by e-commerce companies and other sales related organizations to assess the costs associated with convincing a potential customer to purchase a service or product.
E-commerce businesses and other sales-related organizations use the concept of customer acquisition costs to measure the expenses involved in persuading a potential consumer to buy a service or good.
What do a client and an example mean?A client is sometimes considered to be someone who purchases a good, business, or product. Customers are more clearly defined as individuals or organizations that are presently purchasing, have recently purchased, or may be considering purchasing a services or goods from another person or business.
What does a good client mean?Excellent Clients Aspire to Self-Sufficiency To suit their demands, they must be able to customize and alter it instantly. These are the folks who find a great deal of joy in figuring out the solution on their own and view asking for assistance from others as a sign of personal failure.
To know more about Customer visit :
https://brainly.com/question/13735743
#SPJ4
Using the aggregate expenditures-output model, if aggregate expenditures (aggregate demand) is $10 trillion and aggregate output is $10.3 trillion:
a. businesses will accumulate inventories, and output will decline.
b. real output will increase if the full-employment capacity of the economy is greater than $10.3 trillion.
c. inflation will be a problem if the full-employment capacity of the economy exceeds $10.3 trillion.
d. both b and c are correct.
Using the aggregate expenditures-output model, so if aggregate expenditures (aggregate demand) is $10 trillion and aggregate output is $10.3 trillion businesses will accumulate inventories, and output will decline.
When the aggregate expenditure is less than the aggregate output, the inventories will increase and prices will fall. Thus, the firms will then lower the production and also lay off workers in order to save on costs and lower prices to sell their inventory.
It is said that a change in the aggregate expenditures tends to circle through the economy - households buy from firms, then firms pay workers and suppliers, workers and suppliers buy goods from other firms, and so on.
Hence, option A is correct.
To learn more about aggregate expenditures here:
https://brainly.com/question/23088914
#SPJ1
Hello. I have a question for asenath3968. You published an answer to the question about Puddle Inc. ( Accounting) on 10/11/2021. I am trying to complete my assignment on this topic (this question) and I can't come up with a. The amount (Accounts Receivable) that customers owe Puddle Incorporated at the end of 2022 is $741 million. How did you calculate this amount if the beginning balance was $630.
This was the actual problem:
If Puddle Incorporated had total Accounts Receivable at the end of 2021 of $630 million and an allowance for uncollectible accounts of $17 million show the effect of the following in the accounting equation worksheet for 2022:
Sales on credit of $4,315 million during the year
Collection of accounts receivable of $4,190 million during the year
Write off of uncollectible accounts of $14 million during the year
An increase in the allowance for uncollectible accounts to 3% of total accounts receivable from customers
Required:
a. Calculate how much customers actually owe to Puddle at the end of 2022.
b. Calculate how much is estimated will not be collected by Puddle at the end of 2022.
c. State how much expenses increased due to the estimate of uncollectible accounts.
d. How much would Puddle show as the amount they actually plan to collect (Accounts Receivable, Net)
Answer:
a. Calculate how much customers actually owe to Puddle at the end of 2022.
Suppose a natural monopoly is regulated such that the price charged must be equal to the marginal cost of providing the good. This type of regulation is called ________ regulation.
Answer:
Price
Explanation:
The marginal cost pricing rule refers to the price rule for the natural monopoly that fixed the price and the same should be equivalent to the marginal cost. Also, it give sufficient output in order to meet out the overall market demand at the time when the average total cost is less as compared to two or more firms
So, it is a price regulation