Economist Arthur Laffer argued that Robin Hood and his men would:O be more efficient if they confiscated only the possessions of every fifth traveler through sherwood forest. O manage the resources in sherwood forest better by establishing checkpoints for travelers entering and exiting. O collect more tax revenue if they collected only a relatively small tax from each traveler through sherwood forest. O be more equitable to travelers through sherwood forest if they took possessions only from those who could afford it.

Answers

Answer 1

Economist Arthur Laffer argued that Robin Hood and his men will manage the resources in Sherwood Forest better by establishing checkpoints for travellers entering and exiting. Thus, option (b) will be considered correct.

Write in brief about Economist Arthur Laffer.

As a member of Reagan's Economic Policy Advisory Board, Arthur Betz Laffer, an American economist and author, initially rose to prominence during the Reagan administration. During Donald Trump's 2016 campaign, Laffer served as an economic counselor. In recognition of Laffer's services to economics, President Trump presented him with the Presidential Medal of Freedom on June 19, 2019. The son of Marian Amelia "Molly," a homemaker and politician, and William Gillespie Laffer, the head of the Clevite Corporation, Laffer was born in Youngstown, Ohio. The Laffer curve, which illustrates the idea that there is a tax rate between 0% and 100% that will yield the most tax income for the government, is what made Laffer most famous. As a result, governments could be able to lower taxes while both boosting income and economic expansion in some cases.

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Related Questions

1. Overview of the Case – 2-3 paragraphs
2. Identification of main issues – reasonable development of issues with reasons why these are the main issues.
3. Proposed solutions – what do you offer to solve the problem/issues? There should be more than one.
4. Recommendation of most workable solution(s) and detailed reasons why the recommendations are needed. You must support your solution with documented information from your text or elsewhere. It must be substantive in development.

Answers

Identification of main issues: The main issues facing Amazon are its lack of profitability despite its size and the ongoing debate about whether the company's long-term focus on expansion and research and development is sustainable.

What are the main issues?

Overview of the Case: The case of Amazon.com, Inc. focuses on the company's growth and expansion over the past 20 years since its initial public offering (IPO) in 1997. The case also highlights the innovative strategies that Amazon has used to set itself apart from its competitors, such as discounts, customer reviews, and technological features.

Proposed solutions: One solution to address Amazon's profitability issue is to focus on increasing profit margins by reducing expenses. Another solution could be to diversify its revenue streams by expanding into new markets such as healthcare, financial services, or transportation.

To address the sustainability of Amazon's long-term focus, the company could balance its investments in expansion and research and development with a greater emphasis on profitability.

To address concerns about antitrust issues and the impact on smaller retailers, Amazon could work with regulators to establish guidelines and regulations that promote fair competition in the e-commerce market.

Lastly, the Recommendation of most workable solution(s) and detailed reasons:

The most workable solution for Amazon is to diversify its revenue streams by expanding into new markets. This solution allows Amazon to leverage its existing strengths and expertise while reducing its reliance on e-commerce. For example, Amazon's acquisition of Whole Foods has allowed it to enter the grocery market and expand its physical presence. Similarly, Amazon's recent launch of Amazon Pharmacy allows it to enter the healthcare market and provide a new service to its customers.

Answers

The required journal entries in the books of Jolie Company to record the disposal of the equipment are as follows:

Journal Entries:

Debit Sale of Equipment $342,500

Credit Equipment $342,500

To transfer Equipment to Sale of Equipment account.

Debit Accumulated Depreciation $222,625

Credit Sale of Equipment $222,625

To transfer Accumulated Depreciation to Sale of Equipment account.

Data Analysis:

Sale of Equipment $342,500 Equipment $342,500

Accumulated Depreciation $222,625 Sale of Equipment $222,625

If the disposal or sale is for cash, the Cash Account is debited while the Sale of Equipment is credited. From the Sale of Equipment account, the profit or loss from disposal will be determined.

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Suire Corporation is considering dropping product D14E. Data from the company's accounting system appear below:

Sales $ 750,000
Variable expenses $ 346,000
Fixed manufacturing expenses $ 258,000
Fixed selling and administrative expenses $ 206,000

All fixed expenses of the company are fully allocated to products in the company's accounting system. Further investigation has revealed that $200,000 of the fixed manufacturing expenses and $115,000 of the fixed selling and administrative expenses are avoidable if product D14E is discontinued.

Required:

a. According to the company's accounting system, what is the net operating income earned by product D14E? (Net losses should be indicated by a minus sign.)

b. What would be the increase (decrease) to income of dropping product D14E? Should the product be dropped?

Answers

Answer: B.

Explanation:

In a classroom discussion of the display, in a consolidated balance sheet, of the minority interest of preferred stockholders in the net assets of a subsidiary, student Ross suggested that such a minority interest differs from the minority interest of common stockholders, and thus possibly warrants display in the “mezzanine” section between liabilities and stockholders’ equity. Student Kerry disagrees; she maintains that the term minority applies to preferred stockholders as well as common stockholders other than the parent company; both minority interests are part of consolidated stockholders’ equity. Instructions Do you support the position of student Ross or of student Kerry? Explain.

Answers

I would support student Ross suggestion that such a minority interest differs from the minority interest of common stockholders.

What privileges do ordinary stockholders have?

Six rights are granted to common shareholders: the ability to vote, the right to own property, the right to transfer ownership, the right to dividends, the right to see corporate records, and the right to bring legal claims for wrongdoing.

What benefits are there for holders of common stock?

Generally speaking and over time, investing in common stock has shown to be a wonderful way to generate returns for investors through capital gains and regular dividends. The fact that companies avoid debt commitments by issuing shares, though they do give up some ownership position, is another advantage.

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What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions

Answers

Answer:

Option B; Creating face-to-face interviews

Explanation:

Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.

One of the most important features of a filing and record keeping system is that it works for you and meets your needs.? True or false

Answers

Answer:

True

Explanation:

If it doesn't work for your needs it's pretty much useless. If it doesn't work what's the point.

Shoprite environmental impact on people

Answers

ShopRite impacts the environment by reducing harm to the environment and creating job in the recycling sector.

What is an environment?

It should be noted that an environment simply means the surrounding where an organism lives.

At ShopRite, plastics wastes that are generated are recycled into carrier bags. This helps in reducing harm to the environment.

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Use the following information to prepare a bank reconciliation for Young Company at June 30:

1. Balance per Cash account, June 30. $7,761.38
2. Balance per bank statement, June 30. 8,030.28
3. Deposits not reflected on bank statement. 797.50
4. Outstanding checks, June 30. 1,386.50
5. Service charge on bank statement not recorded in books. 12.10
6. Error by bank-Yertel Company check charged on Young Company's bank statement. 605
7. Check for advertising expense 275 incorrectly recorded in books as 572

Answers

Answer:

See photo.

Explanation:

Use the following information to prepare a bank reconciliation for Young Company at June 30: 1. Balance

Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company can produce and sell 50,000 Rets per year. Costs associated with this level of production and sales are given below:

Unit Total
Direct materials $ 20 $ 1,000,000
Direct labor 6 300,000
Variable manufacturing overhead 3 150,000
Fixed manufacturing overhead 7 350,000
Variable selling expense 4 200,000
Fixed selling expense 6 300,000
Total cost $ 46 $ 2,300,000

The Rets normally sell for $51 each. Fixed manufacturing overhead is $350,000 per year within the range of 40,000 through 50,000 Rets per year.

Required:
1. Assume that due to a recession, Polaski Company expects to sell only 40,000 Rets through regular channels next year. A large retail chain has offered to purchase 10,000 Rets if Polaski is willing to accept a 16% discount off the regular price. There would be no sales commissions on this order; thus, variable selling expenses would be slashed by 75%. However, Polaski Company would have to purchase a special machine to engrave the retail chain’s name on the 10,000 units. This machine would cost $20,000. Polaski Company has no assurance that the retail chain will purchase additional units in the future. What is the financial advantage (disadvantage) of accepting the special order? (Round your intermediate calculations to 2 decimal places.)

2. Refer to the original data. Assume again that Polaski Company expects to sell only 40,000 Rets through regular channels next year. The U.S. Army would like to make a one-time-only purchase of 10,000 Rets. The Army would reimburse Polaski for all of the variable and fixed production costs assigned to the units by the company’s absorption costing system, plus it would pay an additional fee of $1.80 per unit. Because the army would pick up the Rets with its own trucks, there would be no variable selling expenses associated with this order. What is the financial advantage (disadvantage) of accepting the U.S. Army's special order?

3. Assume the same situation as described in (2) above, except that the company expects to sell 50,000 Rets through regular channels next year. Thus, accepting the U.S. Army’s order would require giving up regular sales of 10,000 Rets. Given this new information, what is the financial advantage (disadvantage) of accepting the U.S. Army's special order?

Answers

1. The financial advantage of accepting the special order from the retail chain is $54,000.

2. The financial advantage of accepting the special order from the U.S. Army is $88,000.

3. The financial advantage of accepting the special order from the U.S. Army is $30,000.

What is financial advantage?

Financial advantage is a term used to describe the economic benefits that are associated with certain activities, investments, or decisions.

1. This is calculated by multiplying 10,000 units by the $51 price ($510,000) and subtracting the 16% discount of $81,600. The additional cost of the special machine ($20,000) and the savings in variable selling expenses (75% of $200,000 = $150,000) results in a net advantage of $54,000.

2. The financial advantage of accepting the special order from the U.S. Army is $88,000. This is calculated by multiplying 10,000 units by the $1.80 additional fee ($18,000) and adding the total cost savings associated with the production and sales of the units ($2,300,000 - $1,800,000 = $500,000). The net advantage is $88,000.

3. The financial advantage of accepting the special order from the U.S. Army is $30,000. This is calculated by calculating the additional revenue from the U.S. Army's special order ($18,000 additional fee + $1,800,000 cost savings) and subtracting the lost revenue from the 10,000 units that would have been sold through regular channels ($510,000). The net advantage is $30,000.

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A drug-free workforce does all of the following for the employer except

decreases high rates of absenteeism and turnover
increases the possibility of injuries on the job
prevents the possibility of drug use on the job
reduces the risk of accidents and injuries on the job

Answers

A drug-free workforce does all of the following for the employer except

increase the possibility of injuries on the job.

How have drugs impacted the work life?

Employee substance and alcohol misuse results in a wide range of costly issues for company and industry, including lost productivity, accidents, and a rise in health insurance claims. 1 The National Clearinghouse for Alcohol and Drug Information estimates that corporations in the United States lose $100 billion annually as a result of employee usage of alcohol and drugs (NCADI).

These astonishing figures do not account for the expense of directing corporate resources away from other uses in order to deal with substance misuse problems. Additionally, it excludes elements like "pain and suffering" that cannot be quantified financially.

Alcohol and drug abuse among American workers leads to expensive medical, social, and other issues that have an impact on both employees and businesses.

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QUESTION 11
Whether targeting consumers or resellers, marketers need to focus on:
O Buying center synergy.
O Corporate profit sharing
O Reducing derived demand
O Creating value for their customers

Answers

Marketers need to focus on creating value for their customers. The Option D.

Why is creating value for customers crucial for marketers?

Creating value for customers is crucial for marketers as it directly impacts customer satisfaction and loyalty. When marketers prioritize creating value, they focus on understanding customer needs and preferences, developing products or services that meet those needs and delivering exceptional customer experiences.

By doing so, they differentiate themselves from competitors, build strong customer relationships and drive business growth. When customers perceive value in what a company offers, they are more likely to make repeat purchases.

Answers

Answer:

The U.S., China, Egypt, Bolivia, Guinea-Bissau, Macao and Niger don't allow their domestic publicly traded companies to use International Financial Reporting Standards.

Explanation:

[Total = 25marks]
QUESTION 2
a. Azon and Son Ltd acquired use of plant over three years by way of a lease. Installments of
GhC700,000, are paid six monthly in arrears on 30 June and 31 December. Delivery of the plant
was on 1 January 2010 so the first payments of GhC700,00 was on 30 June 2010. The present
value of minimum lease payments is GhC3,000,000, Interest implicit in the above is 10% per six
months. The plant would normally be expected to last three. Azon and Son is required to insure
the plant and cannot return it to the lessor without severe penalties.
Required
i. Describe whether the above lease should be classified as an operating or finance
1

Answers

A significant portion of the asset's economic life—three years—is covered by the lease period. The minimum lease payment present value is GhC3,000,000, which is essentially the entire leased asset's fair market value.

The equivalent of monthly rent, a lease payment is formally stipulated in a contract between two parties and gives one party the right to use the other party's real estate holdings, manufacturing equipment, computers, software, or other fixed assets for a predetermined period of time.

A lease payment will be shown as a right-of-use asset and lease liability on the balance sheet. The ROU asset is the ownership of the asset under the lease contract, whereas the lease liability period is the payment obligation during the course of the lease contract.

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Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. She might want to open a

motel.

bed and breakfast.

hotel.

resort.

Answers

She might want to open a Motel.

Your manager at the medium- sized company where you work has just called you in and asked you to explain why the company should spend its limited financial resources to develop a supplier management system.

Answers

Answer:

Explanation:

Answer: There can be several objectives some of which are explained below :-

Explanation:

1. Sharing of information in an effective and efficient manner in both inside and outside the organisation.

2. The technology to be used should be easy to understand and user friendly so that all related parties can use it as per their requirements without any hurdle.

3. Making a team of technical professionals to ensure resolving any technical issue that could arise in future.

4. Developing strategy to train and inform all the related parties affected by the implementation of this system.

What accounts are closed at the end of a fiscal period

Answers

Answer:

Only revenue, expense, and dividend accounts are closed

Explanation:

i hope it helps :)

Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy:________. Direct materials: 6 microns per toy at $0.50 per micron Direct labor: 1.3 hours per toy at $8 per hour During July, the company produced 3,000 Maze toys. Production data for the month on the toy follow:________. Direct materials: 25,000 microns were purchased at a cost of $0.48 per micron. 5,000 of these microns were still in inventory at the end of the month. Direct labor: 4,000 direct labor-hours were worked at a cost of $36,000.Required:1. Compute the following variances for July:________.a. Direct materials price and quantity variances.b. Direct labor rate and efficiency variances.2. Prepare a brief explanation of the possible causes of each variance.

Answers

Answer:

a. Direct materials price and quantity variances.

Direct materials price variance = -$500 favorable (the materials were purchased at a lower cost than budgeted)Direct materials quantity variance = $1,000 unfavorable (since they purchased cheaper materials, they probably were low quality and needed more materials per toy)

b. Direct labor rate and efficiency variances.

Direct labor rate variance = $4,000 unfavorable (labor costs per hour were higher than budgeted)Direct labor efficiency variance = $800 unfavorable (this might be related to the low level materials purchased that resulted in more time per toy)

Explanation:

standard rates:

direct materials: 6 microns per toy at $0.50 per micron

direct labor: 1.3 hours per toy at $8 per hour

actual production and costs:

3,000 maze toys

25,000 microns purchased (5,000 microns remaining in inventory, so actual usage was 20,000 microns) at $0.48 per micron

4,000 hours of direct labor at $9 per hour

Direct materials price variance = (AP - SP) x AQ: we have to use total microns purchased for this variance

Direct materials price variance = ($0.48 - $0.50) x 25,000 = -$500 favorable

Direct materials quantity variance = SP x (AQ - SQ) = $0.50 x (20,000 - 18,000) = $1,000 unfavorable

Direct labor rate variance = (AR - SR) x AH = ($9 - $8) x 4,000 = $4,000 unfavorable

Direct labor efficiency variance = SR x (AH - SH) = $8 x (4,000 - 3,900) = $800 unfavorable

when does your teacher tell you good boy?

Answers

ANSWER: um when you get something correct lol

A solid business blank addresses a customers blank

Answers

A solid business plan addresses a customers needs and offers a solution.

What is business?

Generally, Business is an activity of providing goods and services in exchange for money. It includes all forms of trade conducted within a society, including bartering and exchange of services.

It is a major part of the economy and is an essential component of economic growth. Businesses can range from small, one-person operations to large, multi-national corporations.

The primary purpose of business is to create and provide goods and services to satisfy customers, generate profits, and create social value.

Answers

Answer:

it's b reckless. ... ...

Answer:

Explanation:

reckless

Representative money has value based on:

Answers

Representative money has value based on its representation or claims on a physical or tangible asset. It is a form of currency that is backed by something of intrinsic value, typically a commodity such as gold or silver.

The ability to trade or redeem representational money for the underlying asset it stands for gives it value. Representative money's value is based on the public's confidence in the issuer and their understanding that they may exchange it for the underlying asset. The value of the representative money may be impacted if there are any issues with the issuer's credibility or convertibility.

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Skysong, Inc. compiled the following financial information as of December 31, 2022:

Service revenue $827000
Common stock 181000
Equipment 232000
Operating expenses 748000
Cash 202000
Dividends 64000
Supplies 38000
Accounts payable 113000
Accounts receivable 95000
Retained earnings, 1/1/22 444000

Skysong's retained earnings on December 31, 2022 are:_________

Answers

Answer:

$459,000

Explanation:

The computation of the ending retained earning balance is shown below:

Ending retained earning balance is

= Opening retained earning balance + net income - dividend

where

Net income

= Service revenue - operating expenses

= $827,000 - $748,000

= $79,000

Now the ending retained earnings balance is

= $444,000 + $79,000 - $64,000

= $459,000

Why would it be economically efficient to require a natural monopoly LOADING... to charge a price equal to marginal cost? A. Economic efficiency requires natural monopolies to earn zero economic profits. B. Economic efficiency requires the total benefit of producing a good to equal the total cost of producing it. C. Economic efficiency requires the last unit of a good produced to provide an additional benefit to consumers equal to the average cost of producing it. D. Economic efficiency requires the last unit of a good produced to provide an additional benefit to consumers greater than the additional cost of producing it. E. Economic efficiency requires the last unit of a good produced to provide an additional benefit to consumers equal to the additional cost of producing it.

Answers

Answer:

Option C is the correct Option.

Explanation:

First of all, let me clear it to you that, it is a multiple choice question with 5 options in it.

Question Statement:

Why would it be economically efficient to require a natural monopoly to charge a price equal to marginal cost?

Solution:

The correct answer to this question is option C .

Option C = Economic efficiency requires the last unit of a good produced to provide an additional benefit to consumers equal to the average cost of producing it

Reasoning:

The marginal value of the last unit of output delivered to consumers is equal to the marginal cost of production. The overall welfare surplus is maximized, including both user and producer surpluses. There is no loss of dead weight.

What is a relationship between a Hr and a line up management of an organisation?

Answers

Answer:

When conflicts arise, line managers typically seek the advice of HR in resolving issues between employees or issues between employees and their managers. A positive working relationship between HR and line management facilitates easier handling of workplace investigations and mediating differences between staff.

What are the three main variables among the different types of life insurance policies?
O how long the coverage lasts, how much the premium costs, and the cash value
O length of coverage, application process, death benefit amount
O length of coverage, whether a physical is required, and cost of the premium
O the cost of the riders, funeral cost coverage, and cash value.

Answers

Answer:

The three main variables among the different types of life insurance policies are how long the coverage lasts, how much the premium costs, and the cash value.

Answer: The three key differences between the various types of life insurance policies are the duration of the coverage, the cost of the premium, and the cash value.

Explanation: The three key differences between different types of life insurance policies are the length of coverage, the cost of the premium, and the cash value.

what is accounting receivable?

Answers

Answer:

Is the balance of money due to a firm for goods or service delivered or not yet paid

Explanation:

Account are recorded on balance sheet on current account

A Project Engineer at the Michigan office is excited about an engineering software change to improve the reliability of the central processing unit. Unfortunately, the change involves some conflicting proprietary rights due to the Chief Designer's past work ties to Bridgeway's major competitor. Even though the Project Engineer was warned of this issue, she really wants to be the first to market with this change. There may be future financial rewards for her and the company that may be too good to pass up. As the Chief Liaison Officer, should you suggest the Project Engineer go forward with this engineering change

Answers

Answer:

9 76

Explanation:

Lecture Questions
Question 1
The Baker Company manufactures a product in a single process. The following information is
available:
Input material 5,000 kilos valued at $18,000
Material added $4,000
Direct labour cost incurred $14,000
Manufacturing overhead incurred $20,500
Normal losses 10% of input
Scrap value of losses $5.00 per unit
Units completed and transferred out 4,300 units
i) Calculate the cost per completed unit
ii) What is the value of the units completed and transferred to finished goods?
iii) What is the value of the unexpected losses?
iv) What is the manufacturer’s true loss?
v) Prepare the journal entries necessary to record the assignment of direct materials and
direct labour and the allocation of manufacturing overhead to the process. Also, give
the journal entries for the transfer of units completed to Finished Goods Inventory.

Answers

The following are the questions' answers:

$12.56 is the price per finished product.$54,008 is the total cost of finished and transferred units.Losses at scrap value equal $1,000.The real loss to the manufacturer is $5,280.

What precisely are anticipated and unanticipated losses?

The amount a bank anticipates losing when offering credit to its customers on average over a predetermined time period is known as the expected loss. Unexpected loss is the term used to describe how unpredictable credit losses are in comparison to their forecasted loss. After estimating its expected loss, a bank sets up credit reserves.

i) Calculate the cost per completed unit:

To calculate the cost per finished unit, we must first calculate the total cost of production and divide it by the number of finished units.

Total cost of production = Input material cost + Material added + Direct labour cost + manufacturing costs

= $18,000 + $4,000 + $14,000 + $20,500

= $56,500

Normal loss = 10% of input = 0.10 * 5,000 kilos = 500 kilos

Actual completed units = Total input units - Normal loss units = 5,000 - 500 = 4,500 kilos

Cost per completed unit = Total production expense / actual finished products

= $56,500 / 4,500

= $12.56

ii)

Value of finished and transferred units = Total number of finished and transferred units X Price per finished item

= 4,300 * $12.56

= $54,008

iii)

Given that the real number of finished units is 4,500 and the typical loss is 10% of input, the actual loss is 200 kg. (5,000 input units - 4,300 completed and transferred out - 500 normal loss units).

Scrap value of losses = 200 units X $5.00 per unit

= $1,000

iv)

real loss to the manufacturer = (Normal losses X Cost per completed (unit)) - Scrap value of unexpected losses

= (500 units * $12.56) - $1,000

= $6,280 - $1,000

= $5,280

Choosing a direct material:

Work in Process Inventory- (dr.) $22,000

Raw Materials Inventory $22,000

Providing direct labor:

Work in Process Inventory- (dr.) $14,000

Wages Payable $14,000

Cost of manufacturing overhead distribution:

Work in Process Inventory- (dr.) $20,500

Manufacturing Overhead $20,500

Transfer of finished units to the Inventory of Finished Goods:

Finished Goods Inventory- (dr.) $54,008

Work in Process Inventory $54,008

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jones manufacturing has current assets of $26,900, net working capital of 8,200 long-term debt of 21, 500 and total equity of 57,800 what is the equity multiplier?

Answers

Answer:

1.7

Explanation:

The computation of the equity multiplier is shown below:

As we know that

Net working capital = current assets - current liabilities

So,

current liabilities is

= $26,900 - $8,200

= $18,700

And,

Total liabilities = current liabilities + long term debt

= $18,700 + $21,500

= $40,200

Now

Total assets = Total liabilities + Total equity

= $40,200 + $57,800

= $98,000

Now

Equity multiplier is

= Total assets ÷ equity

= $98,000 ÷ 57800

= 1.7

A well-known car manufacturer decided to go completely to hybrids, adding more sports utility vehicles and using more cutting-edge technology. The company is also focusing more on electric cars. This example shows that strategic marketing management _______.
a. shows how many new employees to hire
b. addresses how a company can set goals
c. defines the organization’s main activity at a particular time
d. explains how to surpass the competition

Answers

When the company is also focusing more on electric cars. This example shows that strategic marketing management defines the organization’s main activity at a particular time. The Option C is correct.

What is the importance of a company's strategic marketing management?

Strategic marketing management is the process of putting your company's mission into action using precise and strategic methods. Of course, all of this was done to maximize the effectiveness of your current marketing strategy.

Strategic marketing management, at its core, is the process of making strategic decisions within a marketing strategy in order to improve that strategy.

Strategic marketing assists in pricing products and services based on information gathered through market research. Strategic marketing allows organizations to make the best use of their available resources and market in accordance with their target and goals.