Answers
Public education: Increasing the availability of skilled workers and lowering income inequality brought on by differences in educational attainment. Progressive taxation reduces income inequality in society by taxing the wealthy proportionately more than the poor. Legal minimum wages: Increasing the income of the lowest paid workers.
Three primary sets of instruments are available to a society if it desires to lessen economic inequality: redistribution from high earners to poor earners; attempting to ensure that a ladder of opportunity is universally accessible; and an inheritance tax. In fact, whereas economic disparities inside most nations have expanded over the past 20 years, they have decreased globally. The survey revealed that throughout that time, the average income difference between the top 10% and poorest 50% of people in each country had nearly doubled. A population's income distribution is measured by the Gini index. Greater inequality is indicated by a higher Gini index, with high earners earning considerably bigger percentages of the total income of the population.
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Related Questions
ideas to re-motivate employees
Answers
Answer:
Explanation:
Giving gifts and promotions to hardworking employees
1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
Answers
1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.
This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.
In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
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what are the two formats for preparing the buisness income statement?
Answers
The financial success of a corporation is summarized in an income statement.
It displays all of the company's earnings and outlays for a given time frame.
An income statement can be presented in one of two ways. Either a (1) single-step income statement or (2) a multi-step income statement may be presented.
Simple to understand is a single step income statement. Following all expenses and losses, all revenues and gains are given. To determine the net income, the difference is computed and taxed.
A multi-step income statement involves a number of steps before we can calculate the net income. We must perform sequential computations for:
Sales - Cost of Sales equals gross profit.
Selling expenses plus administrative costs equal total operating expenses.
Gross profit minus all operating expenses is operating income.
Operating income less other revenues and expenses equals income before taxes.
Income after Tax - Income Tax = Net Income
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Residents of poor countries tend to have fewer automobiles per capita because Group of answer choices lower per capita real gross domestic product (GDP) growth rates allow for less spending on automobiles. residents of poor countries generally prefer to walk. tax rates are higher in poor countries, which leaves less money to spend on cars. residents of poor countries tend to live on farms, where cars are unnecessary. residents of wealthy countries have automobiles provided to them by the government.
Answers
Answer:
lower per capita real gross domestic product (GDP) growth rates allow for less spending on automobiles.
Explanation:
Gross Domestic Products (GDP) is a measure of the total market value of all finished goods and services made within a country during a specific period.
Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.
Generally, the Gross Domestic Products (GDP) of a country's economy gives an insight to the social well-being of the country, such as;
Adjusting the Real gross domestic product (Real GDP) for price level changes by using a price index. This simply means, Real GDP is adjusted for inflation to measure the value of goods and services produced by a country in a specific period of time.
Mathematically, \({Real GDP}=\frac{\text{Nominal GDP}}{\text{GDP deflator}}\)
Hence, residents of poor countries tend to have fewer automobiles per capita because lower per capita real gross domestic product (GDP) growth rates allow for less spending on automobiles.
Help me please it’s due in an hr
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Answer:
Since you broke the brainly guideline on how NOT to post timed test, graded tests or ect. for a grade your account will be banned in the next 24 hours.
Thank you for keeping Brainly awesome!
A ____________ contract is an agreement that is not a contract at all because it lacks one or more of the legal elements required to form a contract.
Answers
Answer:
void
Explanation:
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,100 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $643,300 in total. The ending work in process inventory in January consisted of 3,400 units, which were 40% complete with respect to materials and 20% complete with respect to labor and overhead. The costs per equivalent unit for the month were as follows: Materials Labor Overhead Cost per equivalent unit $ 13.40 $ 3.40 $ 7.80 Required: 1. Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory for the month. 2. Compute the cost of ending work in process inventory for materials, labor, overhead, and in total for January. 3. Compute the cost of the units transferred to the next department for materials, labor, overhead, and in total for January. 4. Prepare a cost reconciliation for January. (Note: You will not be able to break the cost to be accounted for into the cost of beginning work in process inventory and costs added during the month.)
1. Compute the equivalent units of materials, labor, and overhead in the ending work-in-process inventory for the month.
Materials Labor Overhead Equivalent units
2. Compute the cost of ending work in process inventory for materials, labor, overhead, and in total for January. Materials Labor Overhead Total
Cost of ending work in process inventory
3. Compute the cost of the units transferred to the next department for materials, labor, overhead, and total for January. Materials Labor Overhead Total Cost of units completed and transferred out
4. Prepare a cost reconciliation for January. (Note: You will not be able to break the cost to be accounted for into the cost of beginning work in process inventory and costs added during the month.)
Cost Reconciliation
Total cost to be accounted for
Costs accounted for as follows:
Cost of units completed and transferred out
Cost of ending work in process inventory
Total cost accounted for
Answers
Answer: count
Explanation:
A benefit of a monopoly is：
a. greater creativity by authors who can copyright their novels.
b. a wide variety of similar products.
c. decreasing long-run average total costs.
d. lower prices.
Answers
A benefit of a monopoly is: a. greater creativity by authors who can copyright their novels.
What is monopoly?Because they give artists and innovators the chance to acquire exclusive rights and financial rewards through intellectual property rights, such as copyright protection, monopolies may be an incentive for creativity and innovation.
Knowing that they may enjoy exclusive ownership and possible financial advantage from their works might motivate authors to invest in producing original and distinctive works.
Therefore the correct option is A.
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Connolly Company produces two types of lamps, classic and fancy, with unit contribution margins of $13 and $21, respectively. Each lamp must spend time on a special machine. The firm owns four machines that together provide 18,000 hours of machine time per year. The classic lamp requires 0.20 hours of machine time, the fancy lamp requires 0.50 hours of machine time.
How many of each type of lamp must be sold to optimize total contribution margin?
a. 90,000 classic lamps; 0 fancy lamps
b. 0 classic lamps; 9,000 fancy lamps
c. 18,000 classic lamps; 0 fancy lamps
d. 0 classic lamps; 30,000 fancy lamps
e. 10,000 classic lamps; 10,000 fancy lamps
Answers
Answer:
a. 90,000 classic lamps; 0 fancy lamps
Explanation:
To determine the optimise total contribution, we need to calculate the contribution margin per hour of machine time for both the lamps. Then the result of whichever is higher would be produced.
Moreover, as there is no limitation on how many lamps can be produced, therefore, we would assume that we can make as many as we want up to the limit of machine-hours available. The calculation is done as follows:
Contribution margin per hour of machine time for classic lamp = Contribution/machine hours to build one classic lamp
Contribution margin per hour of machine time for classic lamp = 13 / 0.2
Contribution margin per hour of machine time for classic lamp = 65
Contribution margin per hour of machine time for fancy lamp = Contribution/machine hours to build one fancy lamp
Contribution margin per hour of machine time for fancy lamp = 21 / 0.5
Contribution margin per hour of machine time for fancy lamp = 42
Since classic lamp has the higher contribution margin per hour. Therefore, all the machine hours would be used to make classic lamps.
= 18,000 / 0.2
= 90,000
Hence, 90,000 classic lamps would be sold while no fancy lamps will be sold to optimise total contribution (which would be 65 x 18,000 = $1,170,000).
What factors do you think differentiate good decision makers from poor ones?
Relate your answer to the six-step rational decision-making model.
Answers
Answer:
Effective decision-makers are distinguished from poor ones by several factors. Firstly, good decision-makers have the ability to gather and analyze information effectively. They can identify relevant information and take the necessary time to carefully evaluate and consider it before making a decision.
Another crucial factor is the capacity to think critically and objectively. Good decision-makers can analyze all sides of an issue, consider multiple perspectives, and detect biases or assumptions that may be influencing their thinking.
Using the six-step rational decision-making model is another skill of good decision-makers. They can identify the problem, gather information, identify alternatives, evaluate alternatives, choose the best alternative, and implement the decision. They move systematically through each step of the model, taking the necessary time to consider all options and weigh the potential outcomes before making a decision.
Lastly, good decision-makers can effectively communicate their decisions and the reasoning behind them to others. They can articulate their ideas clearly and persuasively and are open to feedback and are willing to consider different perspectives.
In conclusion, good decision-makers possess skills such as gathering and analyzing information, thinking critically and objectively, using a systematic decision-making model and communicating effectively with others. These abilities enable them to make well-informed and effective decisions that lead to positive outcomes.
Hope it helps! : )What is the difference between ethnocentrism and patriotism?
Answers
Explanation:
Ethnocentrism is the tendency to look at the world primarily from the perspective of one's own culture while patriotism is love of country; devotion to the welfare of one's compatriots; the virtues and actions of a patriot; the passion which inspires one to serve one's country,.
The micro-EWOT implies, inter alia, all of the following, EXCEPT
Answers
Option (c), All of the following are implied by the micro-EWOT, with the exception of uncritical reasoning.
What dangers may EWOT pose?EWOT poses no risks or adverse effects when used correctly and for no more than 15 minutes at a time. When more oxygen is breathed than is recommended, there is no risk of becoming ill from it.
How is EWOT unique from hyperbaric oxygen?HBOT functions in a different way than EWOT. HBOT is a passive procedure in which the pressure forces oxygen into the tissues. More oxygen enters the tissues as a result of the plasma's super saturation caused by EWOT. After then, the extra oxygen is used by the body.
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The complete question is:
The micro-EWOT implies, inter alia, all of the following, EXCEPT
Marginal cost/benefit analyses Opportunity cost calculi Uncritical reasoning Plausible,L-MEST-G data Inter-temporal comparisonsWhat is the function of the evaporator?
Answers
Answer:
The evaporation of water is a physical process by which water changes from a liquid state to a gaseous state or water vapor. This process takes place on the surface of the water from a certain temperature and until the space is saturated with steam.
When evaluating your professional interests, what question should you ask yourself?
How important are working environments, colleagues, and job stimulation to me?
How well do I know the required software packages?
Should I apply online or in person?
Answers
When evaluating ones proffessional interest the question to ask should related to profession growth. the answer is B. How well do I know the required software packages?
What is Professional Interests?A professional interest is a statement that clearly descibes what skills and tools are needed to foster career growth.
In summary, it also include a statement of one ones future objectives.
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You are considering switching your Internet and cable providers and DIRECTV is advertising an introductory rate of $30 a month for a two-year contract the introductory rate goes away after six months and the rate will raise to $75 a month after that in aaddition to switch now you will be entered into a drawing for a chance to be an extra in the companies next hilarious commercial you pay $50 a month with your current provider and there's no contract should you switch?
Answers
Answer:
DIRECTV:
($30)(6) + ($75)(18) = $1530
Current:
($50)(24) + $1200
Do not switch providers.
Explanation:
You should not switch providers because, in the long run, you will be paying less money with your current provider than with DIRECTV. Emotionally, you may want to purchase DIRECTV's contract because of the drawing; however, there is a low probability that you would actually be chosen, so it is not worth the increase in payments.
What is productivity?
A. quantity of input per unit of output
B. quantity of output per unit of input
C. Quality of output per unit of input
D. quality of input per unit of output
Answers
Rank order the vendors, keeping the Seasonal Product Team's needs in mind.
1
M
Rank
2 D
4
P
K
Flexibility
Vendor
O Low Amount
↑ Increasing 10%
Castomer Issues
Quantity Shipped
O
O
Shipped On Time
Moderate Amount
Decreasing 10%
●T
High Amount
D
Answers
Since the primary goal of the seasonal team is to guarantee that products are available as and when needed and in the appropriate quantities, the vendor must have some qualities.
These include-
Flexibility to make changes in product demand, Fewer customer issues, Above average ratings in product shipping, And the ability to ship the products on schedule.Analysis of Vendors-
1. The advantages of vendor P-
-P include great flexibility and little customer complaints. The amount transported is small, despite the fact that delivery times are long and rising by 10%. P cannot thus be suggested.
2. Vendor D-
D is very adaptable, customer problems are growing by 10%. Furthermore, despite the great quantity, only a small percentage of the items are delivered on time. D thus cannot be suggested.
3. Vendor K -
K has a modest level of flexibility and some growing customer difficulties (the latter by 10%). While they are delivered on time, the amount sent is fair. K is therefore advised.
Hence keeping the Seasonal Product Team's needs in mind, the vendors K, P, D can be ranked in orders as 1,2,3 respectively.
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Luther owns a bakery. He has been trying to obtain a long-term contact with the owner of Martha’s Tea Salons for some time. Luther starts a local advertising campaign on radio and television and in the newspaper. This advertising campaign is so persuasive that Martha decides to break the contract she has had with Harley’s Bakery so that she can patronize Luther’s bakery. Is Luther liable to Harley’s Baker for the tort of wrongful interference with a contractual relationship? Is Martha liable for this tort? Explain each part fully and completely.
Answers
Answer:
The full description of the particular circumstance is listed underneath in the overview section.
Explanation:
Throughout the one side, as either a consequence of getting fathomed their deal, I have seen whether it could be Luther's mistake and therefore tried repeatedly to be doing the promotions that may be thought of as unfair intervention, but it does not mean that he did so to mess with their deal when he could have simply considered mischievously promoting. As either a consequence of the positioning of these commercials, he undoubtedly planned to intervene legitimately with the mere truth of comprehension of the deal. Because Martha as well as Harley seems to have a deal, as a direct consequence of maintaining a long-term partnership within the deal, Martha may be the controller responsible for the unjust personal behavior, and Martha just skits the service agreement as something of a consequence of loving the advertisements.I wouldn’t believe they would always keep Martha accountable for anything although she might using the justification that religion gave her a more comprehensive bargain that is fair to justify unjust action. There seem to be no separate offenses whereby Harley can use for her protection, such as aggravated assault or slander.Types of controls used to assess the effectiveness of marketing operations
Answers
Existing customer analysis
Testing research with a focus group
Customer opinions and feedback
Your welcome if this helps
Listed below are selected transactions of Schultz Department Store for the current year ending December 31.
1. On December 5, the store received a deposit from the Selig Players to be returned after certain furniture to be used in stage production was returned on January 15. $ 500
2. During December, cash sales were received, which include the 5% sales tax that must be remitted to the state by the fifteenth day of the following month. $ 798,000
3. On December 10, the store purchased for cash three delivery trucks. The trucks were purchased in a state that applies a 5% sales tax. $ 120,000
4. The store sold 25 gift cards for $100 per card. At year-end, 20 of the gift
cards are redeemed. Schultz expects three of the cards to expire unused.
Number of gift cards sold 25
Value of each gift card $ 100
Number of cards unredeemed at year-end 20
Number of cards expected to expire unused 3
Instructions
Prepare all the journal entries necessary to record the transactions noted above as they occurred and any adjusting entries relative to the transactions that would be required to present fair financial statements at December 31. Date each entry. For simplicity, assume that adjusting entries are recorded only once a year on December 31.
NOTE: Enter a formula, a cell reference, or a value (if you are unable to reference a cell), into the yellow shaded input cells.
Debit Credit
1. Dec.5
2. Dec. 1 - 31
3. Dec. 10
4. Dec. 31
Dec. 31
Answers
The journal entry of Department Store for the current year ending December 31 is given below:
What are journal entries?Journal entries are the entries made to document the transactions carried out by the company. The books of accounts have a record of every dollar that comes in and goes out. The transactions that are documented are in the book of accounts and are examined and audited for surplus payments or deficits, which are the most frequent errors to be discovered over recording, after they have been made. Below are the diary entries related to the context that are attached.
Date Particular Amount (Dr) Amount(Cr)
1 Dec 2005 cash 500 500 2 Dec 31 cash 798,000
Sales 760,000
Sales Taxes Payable 38,000
(Being sales recorded)
3. Dec 10 Delivery Truck 126,000
cash 126,000 4. Dec 31 cash 126000
Sales 2500
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A___ Relationship would include your co-workers and friends.
Answers
Answer:
A colleague Relationship would include your co-workers and friends.
Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?
Answers
The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.
To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.
To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:
NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost
\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)
\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)
NPV = $3,913.04 + $3,537.41 - $7,800
NPV = -$350.55
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business studies grd 12 presentation on business environment
Answers
The business environment is the set of internal and external factors that affect the operations and success of a business. It includes factors such as economic conditions, political and legal systems, technological advancements, social and cultural factors, and competitive forces.
Understanding the business environment is important for businesses because it enables them to identify opportunities and threats that may impact their operations.
Businesses can then use this information to make informed decisions about their strategies and plans.
For example, a business operating in a highly competitive market may need to focus on product differentiation or cost reduction strategies to stay competitive.
Similarly, a business operating in an unstable economic environment may need to adjust its pricing or marketing strategies to remain viable.
In summary, the business environment is a complex and dynamic system that affects businesses in various ways, and understanding it is critical for success in the business world.
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Conlon Enterprises reports the following information about resources. Cost Driver Rate Cost Driver Volume Resources used Setups $ 385 per run 440 runs Clerical 40 per page 2,800 pages typed Resources supplied Setups $ 172,750 Clerical 120,700 Sales revenue totaled $330,000. Required: a. Prepare a traditional income statement. b. Prepare an activity-based income statement.
Answers
Answer:
Conlon Enterprises
a. Traditional Income Statement
Sales revenue $330,000
Setup costs 169,400
Clerical costs 112,000
Operating profit $48,600
b. Activity-based Income Statement:
Resources Resources Unused Resource Total
Supplied Used Capacity
Sales revenue $330,000
Costs:
Volume-related Setups $172,750 $169,400 $3,350
Batch-related Clerical 120,700 112,000 8,700
Total costs $293,450 $281,400 $12,050 281,400
Operating profit $48,600
Explanation:
a) Data and Calculations:
Cost Driver Rate Cost Driver Volume Total Resources used
Resources used
Setups $ 385 per run 440 runs $169,400
Clerical 40 per page 2,800 pages typed $112,000
Resources supplied
Setups $ 172,750
Clerical 120,700
Sales revenue totaled $330,000
what form of business ownership would you recommend to Alison and why?
Business Case-Alison's coffee shop
Answers
Answer:
Sole ownership will be the best for the coffees business
Explanation:
This is because opening a coffee shop comes with the individual usually having a very great deal of passion for it. The recipes for the coffee would also be best suited to a person who prepares it in his/her unique way.
The coffee shops mostly comes with a reasonably average degree of profitability and lower risks due to a low degree of wastage or spoilage and it being very easy to make so it’s best owned by a single person to cut cost and avoid profit sharing .
In the last 25 years most new jobs in the United States can be attributed to the growth in what
Answers
In the last 25 years most new jobs in the United States can be attributed to the growth in Service-producing industries.
Where do the majority of new employment originate?Small firms produce the highest percentage of new hires. However, big businesses hire well more than their market share. Despite only making up 0.3% of businesses, they hire over 1/3 of workers.
The US job market is it expanding?Recent job growth has exceeded both the 54,000 jobs per month pace required to sustain October's age-adjusted employment-to-population ratio and the 198,000 jobs per month pace in the year prior to the pandemic, with an average of 289,000 jobs over the previous three months.
What is going on with the American job market?In September, there were 6.1 million new jobs in the United States, which was the fewest since February 2021. In addition, net job growth, which takes into account hiring, quitting, and layoffs, was 261,000 in October, which was still solid but was the lowest number since April of last year.
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Country A is a main producer of agricultural goods. In the past three years, farmers in country A have seen their sales drop because consumers have begun to buy cheaper imported produce from country B. Not wanting the income of its farmers to drop, the government of country A imposes a tax on all agricultural imports from country B so that those goods are more expensive, and therefore less attractive, to consumers. The farmers in country A see their incomes begin to rise. Two months later, country B retaliates by levying a tax on all imports from country A. Because the manufacturing firms in country A lose business from the country they export to the most, they are forced to close.
What impact did the tariff that country A imposed on country B have?
Answers
Country B forced a tariff on country A's merchandise to retaliate for country A's tariffs.
What is a tax?Tax is exacted on an extensive variety of pay originating from salary, benefits from the business, property rental, and so financial contribution forced on the creation expenses or sales costs of labor and products.
In this way, while livelihoods increased for farmers in country A, the country's manufacturers lost a substantial amount of commodity business.
The manufacturers shut down, and their representatives lost their jobs. Ultimately, country A's regulations had an unfavorable impact on the country's own economy. Additionally, the tariff may have harmed country A's reputation as a trade partner and affected its future trade possibilities.
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If the equilibrium price for tickets to a a Lady Antebellum concert is $100 each and they sell them for $85,
Answers
Answer: you save $15
Explanation: 100-85 is 15 and the tickets are selling for $85 instead of original price
Explanation:
The cost of an items is 200. what will be the cost of 50 such. write a simple program
Case Study: Personal Financial Planning (continued) Project: Presentation
Answers
Answer:Personal financial planning involves managing one's finances effectively to achieve their financial goals and objectives. The process involves developing a comprehensive financial plan that takes into account one's income, expenses, debts, savings, and investments, as well as one's short-term and long-term financial goals.
To create an effective personal financial plan, there are several key steps you should take:
Set your financial goals: Determine your financial objectives and set specific, measurable, achievable, relevant, and time-bound (SMART) goals to achieve them.
Analyze your current financial situation: Take a detailed look at your income, expenses, debts, savings, and investments to determine your current financial position.
Create a budget: Develop a budget that helps you manage your money effectively and achieve your financial goals.
Develop a debt repayment plan: If you have outstanding debts, develop a plan to pay them off in a timely manner.
Establish an emergency fund: Set aside some money in an emergency fund to cover unexpected expenses or financial emergencies.
Review your insurance coverage: Make sure you have adequate insurance coverage to protect yourself and your family in case of unexpected events.
Plan for retirement: Start saving early for retirement and develop a plan to achieve your retirement goals.
Invest wisely: Develop an investment plan that is consistent with your financial goals and risk tolerance.
Monitor and adjust your plan: Regularly review your financial plan and make adjustments as needed to ensure that you stay on track to achieve your goals.
Explanation:
The firm of Mitchell and Mitchell owns a small truck. The truck has a market value of $9,500 today. New, it cost $24,900. Last week, the company spent $3,500 repairing the engine and replacing the brake pads. The company still owes $1,200 in truck payments. If the company decides to use this vehicle for a new project, the cost assigned to that project for this truck should be:
Answers
Answer:
Explanation:
24900 x 1.05^6 = 33368.3815
33368.3815 - 24900 = 8468.3815
9500 - 8468.3815 = 1031.6185 cost assigned before payments
3500-1200 = 2300
therefore cost assigned = 2300 +1031.6185 = 3331.6185
Truck cost = 3331.62