A number of countries around the world have seen sustained economic growth, defined as an increase in real GDP per capita over time. Productivity growth is the source of growth in all of these countries.
What is GDP?
Gross domestic product (GDP) is a monetary measure of the market worth of all final products and services produced and sold (not resold) by countries within a given time period. Because of its complexity and subjectivity, this metric is frequently changed before being regarded a credible indication. GDP (nominal) per capita, on the other hand, does not reflect differences in the cost of living and the inflation rates of the countries; thus, comparing living standards between nations on the basis of GDP per capita at purchasing power parity (PPP) may be more useful, whereas nominal GDP is more useful when comparing national economies on the international market.
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3. it takes the same amount of inventory to operate a single warehouse system as a four warehouse distribution network. true of false? explain your answer.
Operating a single warehouse system requires the same amount of inventory as a four-warehouse distribution network is false.
What is inventory?Raw materials used in production as well as finished products that are offered for sale are both included in the definition of inventory. Inventory is one of a company's most crucial assets because it is one of the main sources of income production and, as a result, a source of profits for the company's shareholders. There are three different categories i.e., finished commodities, work-in-progress, and raw materials constitute inventory. It appears as a current asset on the balance sheet of a business.
Inventory is a crucial asset for any business. It is described as the assortment of raw materials or completed products that a company maintains throughout the normal course of operations.
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the growth of the international capital market has been facilitated with the blank of financial services. multiple choice question. expansion regulation deregulation containment
Deregulation of financial services. Financial deregulation gave banks and other financial institutions the freedom to decide how to use and allocate their capital.
What is Deregulation ?Financial deregulation gave banks and other institutions the freedom to choose how they would utilise and distribute their capital. It made it possible for banks to invest their money in securities and compete with rivals on a global scale without being constrained by restrictions.
Following the legislation's repeal, banks were only permitted to invest in low-risk securities. Banks started investing in high-risk financial derivatives instead, but they didn't follow through. As a result, several nations attributed the 2008 Global Financial Crisis to the deregulation of the banking sector.
Deregulation in the energy industry was intended to increase market competition, which would lower prices for consumers. The fact that many utility firms were monopolies made them fear that by lowering entry barriers, they might lose their current position of dominance.
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If the yield to maturity of all of the following bonds is 6%, which will trade at the greatest premium per $100 face value?.
A bond with a $1,000 face value, five years to maturity and 6.3% annual coupon payments will trade at the greatest premium per $100 face value.
The dollar value of a financial asset when it is issued is referred to as its face value. The face value of a bond is the amount paid by the issuer at maturity, also known as "par value." A stock's face value, on the other hand, is the rate offered by the issuer once the stock would be first issued.
A bond may trade at a premium since such interest rate is greater than the market rate. The bond's price can also be influenced by the company's and the bond's credit ratings. Buyers are prepared to pay a higher price for a creditworthy bond issued by a financially viable issuer.
Here is the complete question-
If the yield to maturity of all of the following bonds is 6%, which will trade at the greatest premium per $100 face value?
A) a bond with a $10,000 face value, four years to maturity and 6.2% semiannual coupon payments
B) a bond with a $500 face value, seven years to maturity and 5.2% annual coupon payments
C) a bond with a $5,000 face value, seven years to maturity and 5.5% annual coupon
payments
D) a bond with a $1,000 face value, five years to maturity and 6.3% annual coupon payments
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18. which of the following is a benefit to running an erp system? a. global integration c. capability to manage operations, not just monitor them b. elimination of updating and repairing multiple systems d. all of the above are benefits
Global integration, The capability to manage operations, not just monitor them, Elimination of updating and repairing multiple systems all are the benefit of running an ERP system. Hence, all of the above is the correct answer.
What is an ERP system?ERP is the integrated management of significant corporate processes, which is typically done in real-time and is mediated by software and technology. ERP is a type of business management software—typically a suite of linked applications—that a company may use to gather, store, manage and interpret data from various business operations. ERP solutions can be either local or cloud-based. Cloud-based apps have risen in popularity in recent years as a result of the information being easily accessible from any location with Internet connectivity. Traditional on-premise ERP systems are increasingly seen as obsolete technology.
ERP systems monitor business resources such as cash, raw materials, and manufacturing capacity, as well as the status of business obligations such as orders, purchase orders, and payroll.
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What effect does recording a capital expenditure as repairs and maintenance expense have on the financial statements of the current period?.
When a capital expenditure is treated as a repair and maintenance expense, expenses are overstated while net income is understated.
What is capital expenditure?Capital expenditures (CapEx) are funds spent by a business to acquire, upgrade, and maintain physical assets such as real estate, plants, buildings, technology, or equipment. CapEx is frequently used by businesses to fund new projects or investments.Money spent on purchasing, improving, or extending the useful life of fixed assets in an organization with a useful life of one year or more Property, equipment, and infrastructure are examples of such assets.Capital expenditures, unlike operating expenses, are always recorded as an investment on your balance sheet and will also appear on your cash flow statement under the investing activities section.To learn more about capital expenditure refer to :
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other things the same, in the open-economy macroeconomic model, if the real exchange rate rises, the a. quantity of dollars demanded falls. b. demand for dollars shifts left. c. quantity of dollars demanded rises. d. demand for dollars shifts right.
(C) the quantity of dollars demanded falls If the real exchange rate rises. It is because these two aspects is related each other.
Exchange Rate generally can be defined as the value of a country's currency versus the currency of another country or economic zone. To determine currency exchange rates in a country, there are two main systems that used, there are floating currencies and also pegged currencies. Floating exchange rate or known as floating is determined by market. In other words, currency is worth whatever the buyer is willing to pay for it. It is determined by supply and demand, which in turn is driven by foreign investment, the import/export ratio, inflation, and a number of other economic factors.
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the structural unemployment rate is 1.5 percent, the frictional unemployment rate is 3.1 percent, and the economy's current unemployment rate is 6.9 percent. the economy is in
If the structural unemployment rate is 1.5 percent, the frictional unemployment rate is 3.1 percent, and the economy's current unemployment rate is 6.9 percent, the economy is going to be in the recessionary gap because they are producing less than the GDP.
How to solve for the unemployment rateThe formula for the natural unemployment rate would be: structural unemployment rate + frictional unemployment rate
This would be 1.5 + 3.1 percent
= 4.6%
We can see that the current unemployment rate is higher than the natural rate of unemployment therefore we would say that the nation is in a state of recessionary gap producing less than the GDP
What is unemployment?This is the term that is used to refer to the situation that is knwon to exist in a government where the people that are willing and are able to do work are unable to get the work and the jobs that they are to offer.
There are different states of unemployment. These are the cyclic unemployment, the frictional unemployment and other forms of unemployment in the society.
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the following expenditures relate to machinery purchased by callabasas manufacturing: purchase price$ 16,000 transportation costs800 installation500 testing2,000 repair of part broken during shipment300 at what amount should callabasas capitalize the machinery?
At $19,300 Callabasas should capitalize the machinery. All expenses incurred to bring an asset to a usable state are capitalized as part of the asset.
What percentage of the equipment's cost should be capitalized?
All expenses incurred to bring an asset to a usable state are capitalized as part of the asset. They include installation costs, labor charges if it needs to be built, transportation costs, and so on. Capitalized costs are initially recorded at their historical cost on the balance sheet.
amount to capitalize the machinery= purchase price+ transportation costs+ installation + testing
16000+800+500+200= $19,300
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Some students cheat because they are not prepared for the test or assignment.
a. True
b. False
Answer:
A:True
Explanation:
Don't call me out like that
in monaco, a market basket of goods and services cost $130 in 2017, $140 in 2018, and $160 in 2019. based on this information, and assuming 2017 is the base year, the price index in 2019 was:
The price index is the weighted average of the price of goods and services of a particular year relative to the base year. It is used to measure the general price level.
The price index of 2019 was $123.07.
It is given that cost of goods and services in 2017 was $130
In 2018, it was $140 and in 2019, it was $160.
The year 2017 was assumed to be the base year.
To calculate the price index, we take price of goods and services of a particular year and divide it by the price of goods and services of the base year.
Thus,
Price index = (Price in particular year÷Price in base year)×100
Price index = (price in 2019÷price in2017) ×100
= ($160÷$130) ×100
= 1.2307×100
=$123.07
Thus, the price index in 2019 was $123.07
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if the mpc in an economy is 0.80, government could close a recessionary expenditure gap of $160 billion by cutting taxes by multiple choice $128 billion. $200 billion. $160 billion. $80 billion.
The government can close a recessionary expenditure gap of $160 billion by cutting taxes by $200 billion. So, the correct answer is (b).
Given information,
Expenditure gap (consumption) = $160
Marginal propensity to consume (MPC) = 0.80
Let, income be Y
Marginal Propensity to Consume (MPC) = Consumption/ Y
Income (Y) = $160/0.80 = $200
A measure called marginal propensity to consume (MPC) quantifies the assumption of induced consumption, which maintains that because a boost in disposable income results in a rise in personal consumer expenditure (consumption). Marginal propensity to consume is the percentage of discretionary income that people can spend on spending. MPC is the proportion of extra revenue that a consumer is willing to pay.
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if you are holding two identical bonds, except that one matures in 10 years and the other matures in 5 years, which bond's price will be more sensitive to interest rate risk?
The 10 year bond will be more sensitive to interest rate risk. The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate.
What is Interest rate?The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate. The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing was made.
An interest rate indicates how expensive borrowing is or how lucrative saving is. Therefore, if you are a borrower, the interest rate is the sum you pay for borrowing money and is expressed as a percentage of the overall loan amount.
With the help of the interest rate formula, we can calculate the interest rate, which is the percentage of the principle sum that the lender or bank would charge the borrower in exchange for using its assets or money for a given period of time. Interest Rate = (Simple Interest 100)/(Principal Time) is the formula for calculating interest rates.
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if atlantis and zanadu specialize based on comparative advantage and trade, would they be able to gain from trade if the terms of trade are 1 helmet for 3 baseballs? explain.
Assume that Atlantis and Zanadu both manufacture baseballs and helmets. Atlantis can create 1 helmets or 3 baseballs with the same resources, but Zanadu can produce 1 helmets or 6 baseballs.
How are baseball helmets decorated?Players use pine tar, a sticky material, to their bats to lessen bat sliding. When they adjust their batting gloves, the goop gets on them and is then transferred to their helmets. Players like Cabrera who continuously alter their helmets leave more debris on them. (a) While running the bases and at bat, all players are required to wear a protective helmet of some kind. (a) While at bat, every player in National Association Leagues is required to wear a double ear-flap helmet. (c) A single ear-flap helmet is required for all Major League players (or, at the player's discretion, a double ear-flap helmet).
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suppose that real gdp per capita in the united states is $32,000, while its annual growth rate is 2%, and that real gdp per capita in china is $4,000, while its annual growth rate is 7%. how long will it take china's real gdp per capita to double? 35 years 10 years 50 years 14 years
The time in which the real GDP per capita of China will be double is 10 years.
GDP or Gross Domestic Product is defined as the sum of all the goods and services produced within a territory in a year. GDP is a measure of determining the economic worth of a particular country. According to the question GDP per capita of United States is $32000, GDP per capita of China is $4000. The growth rate of US is 2% and growth rate of China is 7%. By the rule of 70 the GDP of China will get double in
70/Growth rate.
So, the GDP of US will get double in 70/2 = 35 years and
The GDP of China will get double in 70/7 = 10 years and the amount will be equal to $8000.
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Prior to the great depression, most economists believed that a recessionary downturn would be reversed by?.
Recessionary downturn that caused by great depression would be reversed by lower wages that would increase the quantity of labor demanded. Lower wages also would increase the reduced unemployment.
A recession simply can be defined as a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, industrial production, real income, employment, and wholesale-retail sales. If there is a widespread drop in spending, it can caused recession. Recession can make a significant impact for our daily lives, such as increasing the price of goods.
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jerome corporation has fixed costs of $500,000 and a contribution margin ratio of 40%. currently, sales are $3,000,000. what is jerome's margin of safety?
Jerome corporation has fixed costs of $500,000 and a contribution margin ratio of 40%. jerome's margin of safety is
MS=$1,750,000
What are fixed costs?Generally, Fixed costs, also known as indirect costs or overhead expenses, are business expenses that are not dependent on the number of goods or services that are produced by the business. Fixed costs are discussed in accounting and economics.
Other names for fixed costs include indirect costs and overhead costs. They are often expected on a regular basis, such as the payment of rent or interest on a monthly basis. These expenses are also often classified as capital costs.
In conclusion,
Breakeven=Fixed expenses/Contribution margin
Where Breakeven is BE
BE=500,000/0.4
BE=$1250000
The Margin of safety is mathematically given as
MS=Total sales-Breakeven sales
Hence
MS=3,000,000-1250000
MS=$1,750,000
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the income effect, the substitution effect, and diminishing marginal utility together explain: multiple choice question. the importance of prices. how markets function. why demand curves are downward-sloping. why demand curves exist.
The income effect, the substitution effect, and diminishing marginal utility together explain why demand curves are downward-sloping.
A consumer's increased enjoyment from owning one extra unit of a good or service is known as marginal utility. Economists utilize the idea of marginal utility to estimate how much of a given good buyers are willing to buy. When a product's price increases, consumers may switch to less expensive substitutes, which results in a decline in sales. The income effect and the substitution effect are the two factors that affect how much a consumer will desire of a commodity when its price changes. The Hicks substitution effect makes the new point of tangency and the old bundle different from one another.
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the consumption function in the solow model assumes that society saves a: constant proportion of income. smaller proportion of income as it becomes richer. larger proportion of income as it becomes richer. larger proportion of income when the interest rate is higher.
Consumption function in the solow model assumes that society saves constant proportion of income. It can be seen from the formula of consumption function in solow model.
The consumption function in economics can be defined as a relationship between consumption and disposable income. The concept of consumption function has been introduced by John Maynard Keynes in 1936 into macroeconomics.
The formula of consumption function in solow model is:
C = (1-s)Y
Which C represent consumption and Y represent output, and also s is represent constant proportion.
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explain how a technological advancement in one sector of the economy can lead to a change in the number of people who work in another sector of the economy. give an example to help support your answer.
Technological advances in one sector of the economy can lead to a change in the number of people who work in another sector of the economy due to the interconnectedness of the economy.
What is economy?An economy is described as a set of activities like trading of goods, consumption of goods, and production of goods and services in a nation or within a geographical area.
Technological advancement in one sector of an economy causes the other lagging sectors to also progress. For example, when the information technology sector of a region or a country experiences growth, other sectors like schools, healthcare institutions, and training institutes also experience growth, and it also generates employment. The other sectors use advanced technologies to increase productivity and enhance student learning. All the sectors in an economy are connected, and this causes other sectors in an economy to develop as well.
It can be concluded that technological advances in one sector of the economy can lead to a change in the number of people who work in another sector of the economy due to the interconnectedness of the economy.
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a supermarket expects to sell 4000 boxes of sugar in a year. each box costs $2, and there is a fixed delivery charge of $20 per order. if it costs $1 to store a box for a year, what is the order size and how many times a year should the orders be placed to minimize inventory costs?
If it costs $1 to store a box for a year, the order size is 400 units and the number times a year should the orders be placed to minimize inventory costs is 10 times.
Economic order quantity (EOQ)Economic order quantity:
Using this formula to determine the economic order quantity
EOQ = √[2 (setup costs)(demand rate)] / holding costs.
Let plug in the formula
EOQ =√(2× 20× 4000)/1
EOQ = √160,000
EOQ = 400 units
Number of orders:
Number of orders = Annual Demand / EOQ
Number of order = 4000/400
Number of order = 10 times
Therefore the EOQ is 400 units and the number of orders is 10.
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which of the following is true of organizations that practice a performance-driven approach? question 24 options: employee rewards vary significantly from person to person and are not based on individual performance. performance appraisal activities are not valued by managers and employees and are often viewed as a bureaucratic exercise. employee rewards are standardized irrespective of job duties. performance evaluations link results to employee compensation and development.
A true statement on the organizations that practice a performance-driven approach is that performance evaluations link results to employee compensation and development.
What is the performance driven-approach?The performance driven approach refers to an approach that some companies use where employees are rewarded based on how much work they put into the company in a certain period, or how much activity can be traced to them.
The performance-driven approach is used by companies that prioritize the production of goods and services in higher quantities so that they can be able to sell more of their goods or service. The way that the performance of an employee is linked to them is through performance evaluations. Based on the result of these evaluations, employee compensation and their development and promotion in the company is determined.
In conclusion, the performance driven approach, relies on performance evaluations.
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john smedley, a careful maximizer of utility, consumes only two goods, peanut butter and ice cream. he had just achieved the utility-maximizing solution in his consumption of the two goods when the price of ice cream fell. as he adjusts to this event, he will consume:
As he adjusts to this event, he will consume more peanut butter and less broccoli.
Consumption is an activity that aims to reduce or spend the use value of goods/services to meet needs or direct satisfaction. Those who carry out consumption activities are called consumers. It is these consumers who use goods/services either for their own use or for the benefit of people or other living things that are not for resale.
Consumption has several important functions and roles in economic activity, including the following.
Fulfillment of Human DesiresEconomic ActivitiesSupport Production ActivitiesAnalyzing Individual BehaviorFormulation of the State's EconomyIncome and Employment TheoryYou can learn more about Consumption here brainly.com/question/14933604
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pension plan assets were $80 million at the beginning of the year. the return on plan assets was 5%. at the end of the year, retiree benefits paid by the trustee were $6 million and cash invested in the pension fund was $7 million. what was the amount of the pension plan assets at year-end?
The amount of the pension plan assets is equal to $83 million.
Assets may be defined as those entities that prove beneficial to an organization or to an individual. The assets help in betterment of the society as well as the economy. The assets can also be used as collaterals in the times of need. Pension plan assets are he facilities that are bought in order to receive benefits of the services even after the retirement of the individual. The formula for calculating the amount of pension plan assets is expressed as
Pension plan asset = Plan asset at the beginning of year + Actual return + Cash contribution - Retiree benefits
Pension plan assets = $80000000 + $4000000 + $6000000 - $7000000
Pension plan assets = $83000000
Pension plan assets = $83 million
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an policy that insures the title received by the grantee against deficiencies that may have been in existence at the time the title was transferred is known as
A title opinion is an insurance that protects the grantee's title against any potential flaws that may have existed at the time the title was transferred.
Write a note on title opinion.Title opinions are intended to positively guarantee two things with regard to commercial loans:
that an owner/borrower has good title to a property; and that the lender has a good and valid mortgage charging the property.It is necessary to hire a lawyer to analyze the property's title and to conduct (and review) in-depth research on the title as well as any off-title issues that might affect a lender's security position. The attorney will provide a "title opinion" after reviewing the document, supposing no serious flaws were discovered, which will affirm the guarantees mentioned above.
Unfortunately, title opinions are not infallible, which means that mistakes could occur. When a loan defaults after closing and an issue with the owner's title or the lender's mortgage occurs when the lender tries to enforce its security through the mortgage, the lender may turn to the attorney and ask that the issue be resolved. However, unless the issue can be resolved quickly, the lender and the lawyer may find themselves in a contentious situation. If this happens, the lender may need to file a lawsuit against their (now-former) lawyer in order to demonstrate negligence and recover any losses brought on by the error or omission on their part.
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The complete question is mentioned below :
A policy that insures the title received by the grantee against deficiencies that may have been in existence at the time the title was transferred is known as
a. real property insurance
b. title insurance
c. title opinion
d. deed insurance
describing, recommending, showing and offering a variety of food and beverage choices to a guest is known as a. order taking b. sales competition c. suggestive selling d. hard selling e. serving
Describing, recommending, showing and offering a variety of food and beverage choices to a guest is known as suggestive selling.
What is suggestive selling?
A sales tactic known as "suggestive selling," "add-on selling," or "upselling" is when a worker asks a customer if they want to include an additional purchase or suggests a product that might work for them.The client's purchase amount and the company's revenue are both boosted by suggestive selling.Frequently, the additional sale is a complementary product and much smaller than the initial purchase.
The method is based on the idea that it requires little effort when compared to the potential for additional revenue.This is due to the fact that the difficult task of convincing the buyer to buy has already been accomplished.An additional sale that is significantly less than the initial purchase is much more likely to occur once the buyer has committed.
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joe has the same qualifications (education and experience) as chelsea, and they work for the same company. joe finds out that chelsea is earning a higher salary than him, even though they both do the same job. based on equity theory, what is joe most likely to experience? multiple choice negative inequity (underreward) negative justice positive justice positive inequity (overreward) equity
Joe is most likely to experience negative inequity.
According to Adams' Equity Theory, the inputs and outputs of an employee must be balanced fairly. Finding this appropriate balance in accordance with the principle, aids in establishing a solid and fruitful relationship with the worker. This results in satisfied and motivated employees.
A person's opinion of whether or not they receive appropriate incentives to make up for their positive contributions is at the center of feelings of inequity. People carry out these evaluations by contrasting their employment transaction with that of relevant others in terms of perceived fairness. People often compare themselves to others who they have close interpersonal links with, like friends and/or those doing the same work or those who are the same gender and educational level, rather than to others who are different from them.
Here, Joe and Chelsea are doing the same work yet Joe is receiving less pay. Hence, he is probable to feel negative inequity as he is being underpaid.
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in the stage of the product life cycle, most consumers who would buy the product are either repeat purchaser of the item or have tried and abandoned it, making it more challenging to acquire new customers. multiple choice question. maturity introduction growth competition
In the growth stage of the product lifecycle, most consumers who would buy the product are either repeat purchaser of the item or have tried and abandoned it, making it more challenging to acquire new customers.
Typically, consumers learn about a product during its debut stage in its life cycle. The product has only recently been released, thus commercials are being created to attract new buyers. Customers are learning more about a new good or service and how it can help them during this phase. Product life-cycle management is the progression of business management methods during a product's life-cycle.
The product has gained market acceptance during the expansion growth stage, and clients are starting to really buy in. This indicates that both demand and profitability are increasing, ideally at a steady and quick rate. The market for the product is growing and competition is starting to emerge during the growth stage.
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4. if the partnership purchases the withdrawing partner's interest, the assets and the owners' equity of the partnership are reduced by the book value. the market value. the purchase price. none of these choices are correct.
The equity of the partnership are reduced by the purchase price.
The required details about purchase price is mentioned in below paragraph.
The sum an investor pays for an investment is referred to as the purchase price, and that amount becomes the investor's cost basis for determining gain or loss when the investment is sold. Any commission or sales fees paid for the investment are included in the purchase price, and the weighted average cost is applied when buying the same asset more than once. Therefore, in order to calculate the quantity of inventory acquisitions, the following procedures are needed: Get the initial and ending inventories' combined values, as well as the cost of the goods sold. Between the starting and ending inventories, subtract one. The cost of goods sold enlarges the gap between ending and beginning inventories.
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which is a local organization that controls a city or county government to an extent that enables it to reward large numbers of political supporters with tangible benefits such as government jobs
A local organization that controls a city or a county government to an extent that enables it to reward a large number of political supporters with tangible benefits such as government jobs is known as a political machine.
What is the significance of a political machine?A political machine can be referred to or considered as an organization that is backed by political support of the region that it operates in. The scope or jurisdiction of a political machine is very limited. A municipal corporation or a local government can be identified as an example of a political machine. It matches the description given above with respect to tangible benefits such as government jobs.
Therefore, the significance regarding a political machine has been aforementioned.
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use this information for best corporation: the contribution margin ratio is 30% for the and the break-even point in sales is $150,000. if the company's target net operating income is $60,000, sales would have to be:
If the company's target net operating income is $60,000, the sales would have to be $350,000.
Define sales.The revenues received when a corporation sells its items, products, stuff, etc. are referred to as sales in accounting. The sum paid when a corporation sells a noncurrent asset that was formerly used in its operations (such as an old delivery vehicle, display counters, company car, etc.) is not reported as a sale. It is the quantity of goods and services that a company sells over the course of a reporting period. It is listed at the top of the income statement as a monetary amount, from which operational and other expenses are deducted to determine if a profit or loss was made.
Contribution Margin = 30%
Break even point sales = $150,000
Break even point = Fixed Cost/Contribution Margin
150,000 = x/30%
So Fixed cost x = $45,000
Contribution = Net income + fixed cost
= 60,000+ 45,000
= $105,000
So when contribution is 30% , sales is 100%
sales = 1,05,000/30%
= $350,000
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