It is true. The monopoly can still make healthy profits on its own when Price Equals Marginal Cost without any assistance from the government.
In the United States today, natural, controlled monopolies make up the majority of actual monopolies. The structure of costs and demand in a natural monopoly looks to make competition difficult or expensive, which presents a severe issue for competition policy. When average costs are decreasing across the range of output necessary to meet market demand, a natural monopoly develops. This frequently occurs when fixed costs are significantly higher than variable costs. As a result, one company can meet the market's overall demand for a given good at a lower cost than two or more companies, hence breaking up the natural monopoly would increase the average cost of production and make consumers pay more.
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Assume that the product price is $2 per unit, the price of the factor of production is $40 per unit, and 8 units are being hired. Profit can be maximized by hiring _______ unit(s).
Answer
A. 2 more
B. 1 more
C. 1 fewer
D. 3 fewer
Assume that 8 units are being employed, the product costs $2 per unit, and the cost of the production factor is $40 per unit. 3 fewer units can enhance profit (s).
In economics, the resources that people use to produce goods and services are pertained to as factors of production; they form the base of the economy. Land, labor, capital, and entrepreneurship are the four orders of factors of production that economics distinguish between. Any natural resource that's used to produce goods and services is regarded as being a element of the idea of land. Common land or natural resources include effects like water, oil, copper, natural gas, coal, and forests. Land resources are the primary raw materials used in mechanical processes. These resources come in renewable and nonrenewable forms, similar as forests (oil, for example, or natural gas).
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Equipment was acquired on January 1, 2019 at a cost of $190,000. The equipment was originally estimated to have a salvage value of $22,000 and an estimated life of 10 years. Depreciation has been recorded through December 31, 2021 using the straight-line method. On January 1, 2022, the estimated salvage value was revised to $28,000 and the useful life was revised to a total of 9 years.Prepare the journal entry to record depreciation expense for 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)Depreciation expense for 2022$enter the Depreciation expense for 2017 in dollars Adjusting journal entry at 12/31/22:DateAccount Titles and ExplanationDebitCreditDec. 31
Answer:
Journal:
Dec. 31, 2022:
Debit Depreciation Expense $18,600
Credit Accumulated Depreciation $18,600
To record depreciation expense for the year.
Explanation:
a) Depreciation charge for each of the 3 years, calculated as ($190,000 - $22,000)/10 = $16,800
2019: $16,800
2020: $16,800
2021: $16,800
Accumulated Depreciation to date = $50,400 ($16,800*3)
b) Book Value on January 1, 2022 = $139,600 ($190,000 - $50,400)
c) New Depreciation charge from 2022 = $18,600 ($139,600 - $28,000) /6 years, the remaining useful life based on the revised estimate.
d) There is adjusting journal entry. Depreciation is an estimate based on judgement and past events. Judgement can change to address current events. So, there is no need adjusting the entries for the previous three years.
Some companies require multiple interviews as part of their hiring processes.
True
False
i hope it helps
What factors do you think differentiate good decision makers from poor ones?
Relate your answer to the six-step rational decision-making model.
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! : )True or False: If Kevin's Fire Engines were a competitive firm instead and $160,000 were the market price for an engine, decreasing its price from $160,000 to $120,000 would result in the same change in production quantity and, thus, total revenue. True False
Answer:
False
Explanation:
Kevin should not rise the level of production from 5 to 6 as the impact of the price dominates this situation
Also the market is not depend on the Kevin fire engines because of the competitive market
Plus the supply and demand relation is inverse and not depend on the change in price level in a competitive market
If the price is decreased from $160,000 to $120,000 so the quantity of the production would not be impacted
In addition to this, the total revenue could be impacted when there is a reduction in the price that produced more sale due to this there is a slightly change in upward and downward
Also the change would never be in the similar production as compare to the change in price
Therefore the given statement is false
False, the decrease in its product price from $160,000 to $120,000 would NOT result in the change in production quantity as the Total revenue
Looking at the attached graph, we will observes that the Demand slope moves backward as the price of the Product increases.
The Engine product is definitely not as exception to the law of demand that asserts that "the Higher the price, the lower the quantity demanded from customers and Vice versa"
So, if Kevin's Fire Engines firm market price ($160,000) for an engine decreasing to $120,000 in the competitive market, then, the demand from customers will increase.
Whereas, the reduction of the only affect the market price and increase total revenue of the firm, it does not increase the production quantity asked in the question.
Therefore, the decrease in its product price from $160,000 to $120,000 would NOT result in the change in production quantity as the Total revenue
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Let MAC1 = 100 – 10E and MAC2 = 50 – 10E. Graph each function and compute the aggregate MAC curve. Let MD = 30E, compute the socially efficient equilibrium. For the equations given above, suppose the government sets the pollution level at four units. What are the net social costs of this policy?
Suppose a technological change occurs that reduces the marginal costs of abatement for polluter 1 in the above equation to that of polluter 2. How does this affect the socially efficient level of pollution? Solve numerically and graphically.
If the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not impact the socially efficient level of pollution. The level is still determined by equating Marginal Damage with the Aggregate MAC.
To graph each function, we can plot MAC1 and MAC2 on a graph with the quantity of emissions (E) on the x-axis and the marginal abatement cost (MAC) on the y-axis.
For MAC1: MAC1 = 100 - 10E
For MAC2: MAC2 = 50 - 10E
To compute the aggregate MAC curve, we add the individual MAC curves together. So, Aggregate MAC = MAC1 + MAC2.
Aggregate MAC = (100 - 10E) + (50 - 10E) = 150 - 20E
Now, let's calculate the socially efficient equilibrium by setting the Marginal Damage (MD) equal to the Aggregate MAC.
MD = Aggregate MAC
30E = 150 - 20E
Simplifying the equation, we get:
50E = 150
E = 3
Therefore, the socially efficient equilibrium occurs when the quantity of emissions (E) is 3.
Now, let's calculate the net social costs of the policy when the government sets the pollution level at four units.
Net social costs = Aggregate MAC - MD
Net social costs = (150 - 20(4)) - (30(4))
Net social costs = 110 - 120
Net social costs = -10
The net social costs of this policy would be -10, indicating a net benefit to society.
If a technological change occurs that reduces the marginal costs of abatement for polluter 1 to that of polluter 2, it means that MAC1 will become equal to MAC2.
Setting MAC1 equal to MAC2:
100 - 10E = 50 - 10E
Simplifying the equation, we find that E can have any value, as both sides are equal.
Graphically, this change would mean that MAC1 and MAC2 become parallel lines on the graph, with the same slope and intercept. The socially efficient level of pollution would still be determined by equating MD with the aggregate MAC.
In conclusion, if the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not affect the socially efficient level of pollution. The socially efficient level is still determined by equating the Marginal Damage with the Aggregate MAC, regardless of the marginal costs of individual polluters.
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Should VALORANT give out free skins?
Explanation:
Take a meme.
Some say the office culture today has become "too nice" Which statement would
not be heard in that type of setting?
"No need to go out of your way I get it later
"Did you see the new menu in the cafeteria There goes my diet."
"Can you believe that the boys expects us to stay late and does not even ask."
"How was your weekend? Were you able to get up to the lake house?"
"Did Joe get into the college of his choicer know you hoped it also came with a
I
good financial package
Example of a market for a good or service that is not rely on a physical store or location 
An example of a market for a good or service that does not rely on a physical store or location is the online marketplace. With the advent of the internet and e-commerce platforms, businesses and individuals can sell products and services entirely online without the need for a brick-and-mortar store.
Online marketplaces, such as Amazon, eBay, and Alibaba, provide a platform where buyers and sellers can connect and conduct transactions electronically. These platforms enable businesses to showcase their products, provide detailed descriptions, and facilitate secure online payments. Customers can browse through a wide range of products, compare prices, read reviews, and make purchases from the comfort of their own homes.
The online marketplace has revolutionized various industries, including retail, entertainment, travel, and professional services. It allows businesses to reach a global customer base, operate 24/7, and reduce overhead costs associated with physical stores. Additionally, it provides convenience for consumers, who can shop anytime, anywhere, and have products delivered to their doorstep.
Overall, the online marketplace has transformed the way goods and services are bought and sold, offering a virtual alternative to traditional physical stores and locations.
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A student purchases a concert ticket for $50. Before entering the concert, the student is offered $75 for the ticket. If the student decides to keep the ticket and attend the concert, the opportunity cost is:
Answer: $75
Explanation:
The opportunity cost is the amount that you stand to lose if you do not take the next best alternative to your current course of action.
In this scenario that next best alternative is selling the ticket for $75 so this is the opportunity cost.
The $50 that was spent to buy the ticket is a sunk cost which means that it has already been incurred so it will not be accounted for in the opportunity cost analysis.
Answer:
75
Explanation:
just cause
Molly Ellen, bookkeeper for Keystone Company, forgot to send in the payroll taxes due on April 15. She sent the payment November 8. The IRS sent her a penalty charge of 9.20% simple interest on the unpaid taxes of $4,000. Calculate the penalty. (Remember that the government uses exact interest.) (Use Days in a year table.)
The penalty charge is $728.04.
To find the penalty charge in the given scenario where Molly Ellen forgot to send the payroll taxes due on April 15th and sent the payment on November 8th, we will follow these steps:Calculate the days from April 15 to November 8 which is 207 daysCompute the exact interest on the unpaid taxes using the exact interest formula: I=P*R*T/100I: Exact interestP: Unpaid taxes ($4,000)R: Rate (9.20%)T: Time in years (207 days/365 days = 0.57 years)
Calculate the penalty by subtracting the unpaid taxes from the total amount due including the interestPenalty = Total amount due - Unpaid taxesGiven that the unpaid taxes were $4,000, and the IRS sent a penalty charge of 9.20% simple interest on the unpaid taxes. Using the above information, we will calculate the penalty as follows:
Days from April 15th to November 8th is 207 days.The exact interest formula is I=P*R*T/100, where I is the exact interest, P is the principal, R is the rate and T is the time in years.I = (4000 * 9.20 * 207)/100 * 365 = $728.04The total amount due including the interest is $4,728.04.Penalty = Total amount due - Unpaid taxesPenalty = $4728.04 - $4000Penalty = $728.04Therefore, the penalty charge is $728.04.
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Retro Rides, Incorporated, operates two divisions: (1) a Management Division that owns and manages classic automobile rentals in Miami, Florida and (2) a Repair Division that restores classic automobiles in Clearwater, Florida. The Repair Division works on classic motorcycles, as well as other classic automobiles. The Repair Division has an estimated variable cost of $60.50 per labor-hour and has a backlog of work for automobile restoration. They charge $80.00 per hour for labor, which is standard for this type of work. The Management Division complained that it could hire its own repair workers for $62.00 per hour, including leasing an adequate work area. What is the minimum transfer price per hour that the Repair Division should obtain for its services, assuming it is operating at capacity?
A) $28.50.
B) $30.00.
C) $39.00.
D) $48.00.
Answer:
D) $48
Explanation:
The minimum transfer price for the Repair division will be the variable cost which is standard for the same type of work. In the given scenario the price is $80 which is the maximum transfer price while $48 will be the minimum transfer price for Repair division.
Explain the positive and negative aspects of entrepreneurship. Draw evidence to support your claim from two other sources.
Answer:
Advantage #1: A flexible schedule – both in terms of when and where you work. ...
Advantage #3: It's exciting and fulfilling. ...
Advantage #4: The salary makes sense. ...
Disadvantage #1: You wear a lot of hats. ...
Disadvantage #2: You are always at work.
Explanation:
The positive (advantages) and negative aspects (disadvantages) of entrepreneurship are enumerated below:
Control: Entrepreneurship offers the entrepreneur a sense of being in charge and being the captain of the ship. With freedom of control comes increased risk of business failure.Responsibility: The entrepreneur is responsible for her income for life sustenance. There is no more reliance on a period paycheck. The entrepreneur can decide to delight her customers or to scare them away.Flexibility: The entrepreneur enjoys flexibility in work schedule. She works at her own pace. The downside is that your customers dictate when you work. The workload may increase more than your capacity to handle. Thus, flexibility does not happen always until you have established the business properly.Profit-making: As the business makes profits, the entrepreneur is entitled to receive all. When it makes losses, the entrepreneur similarly bears all.Thus, there are numerous benefits in being an entrepreneur. But there are also negative aspects of entrepreneurship.
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identify the incorrect statement regarding the former communist nations of europe and asia. the economies of most of the former communist states are very strong and developed many of the former communist nations of europe and asia share a commitment to free market economies as a result of disturbing signs of growing unrest and totalitarian tendencies, the risks involved in doing business in these countries is very high for about half a century these countries were essentially closed to western international business
A false statement regarding the former communist nations of Europe and Asia is that the economies of most former communist states are very strong and developed. Here option A is the correct answer.
The statement "the economies of most former communist states are very strong and developed" is false. While some former communist states have made significant progress in their transition to market-oriented economies, many have faced significant challenges in achieving economic development and stability.
Many former communist states struggled with structural economic problems, including outdated production facilities and inadequate infrastructure, which have made it difficult for them to compete in the global marketplace.
Additionally, many former communist states experienced high inflation, currency devaluation, and other macroeconomic problems in the early years of their transition, which negatively impacted their economies.
Complete question:
Identify the incorrect statement regarding the former Communist nations of Europe and Asia.
A. The economies of most of the former Communist states are very strong and developed.
B. Many of the former Communist nations of Europe and Asia share a commitment to free market economies.
C. As a result of disturbing signs of growing unrest and totalitarian tendencies, the risks involved in doing business in these countries are very high.
D. For about half a century these countries were essentially closed to Western international business.
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What activities do you think you are spending too much time on?
Working and sleeping are the activities that most spend time on so much.
What is the meaning of Sleeping?Sleeping is a sedentary mental and physical condition. Changes in consciousness largely inhibited sensory activity, decreased muscle activity, and fewer interactions with the environment are its defining characteristics.
The Old Germanic verbs for sleeping are where the term "sleep" originates. It was known by the name "SLAF" in Old and Middle High German. The word's original meaning, which was connected to the word for "flabby," was "to slap" (not hard or firm).
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Problem 9-3 Withholding Methods (LO 9.1) Sophie is a single taxpayer. For the first payroll period in July 2020, she is paid wages of $2,200 monthly. Sophie claims one allowance on her pre-2020 Form W-4. Click here to access the withholding tables. IRS Publication 15-T, Federal Income Tax Withholding Method Pay period 2020 Allowance Amount Weekly $ 83 Biweekly 165 Semimonthly 179 Monthly 358 Quarterly 1,075 Semiannually 2,150 Annually 4,300 Round intermediate computations and your final answer to two decimal places. a. Use the percentage method to calculate the amount of Sophie's withholding for a monthly pay period. Sophie's withholding: $fill in the blank 276f67fd3f97003_1 b. Use the wage bracket method to determine the amount of Sophie's withholding for the same period. $fill in the blank 92701d098054043_1 c. Use the percentage method assuming Sophie completed a 2020 Form W-4 and checked only the single box in Step 1(c). $fill in the blank 75763bf84f9d024_1 d. Use the wage bracket method using the same assumptions in part c of this question. $fill in the blank 73d4ce04b013fc1_1
he Boxwood Company sells blankets for $37 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Date Blankets Units Cost May 3 Purchase 10 $15 10 Sale 4 17 Purchase 15 $17 20 Sale 5 23 Sale 3 30 Purchase 11 $24 Assuming that the company uses the perpetual inventory system, determine the cost of goods sold for the sale of May 20 using the LIFO inventory cost method.
Answer:
The correct answer is $85
Explanation:
According to the given scenario, the calculation of the cost of the goods sold using the LIFO method is as follows:
= Sale units as on May 20 × price per unit
= 5 units × $17
= $85
Basically we multiplied the sales units with the price per unit so that the cost of goods sold could come
Hence, the cost of the goods sold using the LIFO method is $85
Lee Willis loaned Audrey Chin $16,000 to open Snip its hair salon. After 6 years, Audrey will repay Lee with 8% interest compounded quarterly. How much will Lee receive at the end of 6 years?
Interest : After solving the problem the Lee will receive $23,454.25. at the end of 6 years.
What is Interest?Interest is the cost of borrowing money, or the income earned from lending money. It is expressed as a percentage rate, which represents the amount of money (called interest) paid relative to the amount of money borrowed (called the principal). Interest is a necessary part of any loan or credit agreement. It is the price paid for the use of money over time.
At the end of 6 years, Lee will receive $23,454.25. This is calculated by using the formula A = P(1 + r/n)^nt,
where A is the future value,
P is the principal amount,
r is the annual interest rate,
n is the number of times the interest is compounded, and
t is the number of years.
In this case, P = $16,000, r = 0.08 (8%), n = 4 (quarterly), and t = 6. Plugging those values into the equation, we get A = $16,000(1 + 0.08/4)^4*6 = $23,454.25.
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Hello please help! I need a 3 paragraph response!
Why are some companies more successful in their global expansion than others? What factors should a manager consider when expanding globally?
There are some companies are the successful as compare to the other companies are:
Recognition.Market share.Better services.There was the expanding on the globally to consider the better brand and the loyalty.
What is companies?Companies are legal entities that are legally registered in accordance with the Company Act. The companies are the main motive of the earning the profit. The companies are the making the profit to run the business.
According to some companies are the successful because it was the smart work, recognition, market share, and the innovation. The focuses on the global market are the better brand and the loyalty are the more susses of the companies.
As a result, the significance of the companies are the aforementioned.
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When shares of stock held as an investment are sold, the difference between the proceeds and the balance of the investment account is recorded as
a(n)
Oa. operating income and losses
Ob. paid-in capital addition
Oc. prior period adjustment
Od. gain or loss
?
When shares of stock held as an investment are sold, the difference between the proceeds and the balance of the investment account is recorded as gain or loss.
A great way to ontain hands-on training in a real work environment is to complete a(n)
Answer:
It's c, apprenticenship
A preparation outline is used to help organize the speaker's thoughts, ideas, and information. What is the purpose of a presentation outline? Question 14 options:
a. A presentation outline is used to provide copies of the speech to each member of the audience.
b. A presentation outline is used to present only the key points of a speech.
c. A presentation outline helps the speaker remember what to say during his or her speech.
d. A presentation outline is used to explore different patterns of organization.
The purpose of a presentation outline is to help the speaker organize and structure their speech in a clear and logical manner.The outline can also be used to help the speaker remember what they want to say during the presentation, allowing them to focus on delivering the content effectively without worrying about forgetting important details. The correct option is c.
The outline provides a framework for the content that will be presented, ensuring that all important points are covered and that the content is loaded with relevant information. Additionally, a presentation outline can be helpful for the audience as well, providing them with a clear roadmap of what to expect during the presentation and allowing them to follow along with ease.
While it may not be necessary to provide copies of the outline to each member of the audience, having a clear and organized presentation can make a big difference in how well the content is received and understood. Overall, a well-prepared presentation outline is an important tool for any speaker looking to deliver a successful and engaging presentation. The correct option is c.
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When an employee leaves a position, how should the human resources department respond?
A. Post a job description to fill the position as quickly as possible.
B. Review the position to determine whether and when the position
should be filled again.
C.Train another employee to fill the position as quickly as possible.
D. Meet with college career advisors to advertise the position.
When an employee leaves a position, the right response of the human resources department will be to review the position to determine whether and when the position should be filled again.
What is the role of human resources department?In management, a Human resources refers to the division of a business that is charged with finding, screening, recruiting as well as training the job applicants. The HR managers also administers employee-benefit programs.
The department of human resources HR is an essential component of any business regardless of an organization's size. The department is mainly tasked with maximizing employee productivity and protecting the company from any issues that may arise within the workforce.
In conclusion, these HR managers plays an important role in helping companies deal with a fast-changing business environment and a greater demand for quality employees in the 21st century.
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Answer:
B. - Review the position to determine whether and when the position should be filled again.
Explanation:
It's best if you share the details of a personal appointment when you need to request time off work. True Or False
Answer:
False
Explanation:
The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Year Investment Cash Inflow 1 $ 69,000 $ 4,000 2 $ 9,000 $ 8,000 3 $ 9,000 4 $ 10,000 5 $ 13,000 6 $ 11,000 7 $ 14,000 8 $ 12,000 9 $ 11,000 10 $ 11,000 Required: 1. Determine the payback period of the investment. 2. Would the payback period be affected if the cash inflow in the last year were several times as large?
1. The payback period of Unter Corporation's investment occurs in Year 8.
2. The payback period would not be affected if the cash inflow in the last year were several times as large.
What is the payback period?The payback period is the year that investment costs equal cash inflows.
The payback period is a simple investment appraisal technique that does not factor in the time value of money.
The payback period concentrates on the length of time an investor achieves a break-even point.
Year Investment Cash Inflow Cumulative Inflow
1 $ 69,000 $ 4,000 $4,000
2 $ 9,000 $ 8,000 12,000
3 $ 9,000 21,000
4 $ 10,000 31,000
5 $ 13,000 44,000
6 $ 11,000 55,000
7 $ 14,000 69,000
8 $ 12,000 81,000
9 $ 11,000 92,000
10 $ 11,000 103,000
Total $78,000
Thus, in Year 8 (payback period), the investment cost of $78,000 will be fully recovered in cash inflows.
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Your firm has the opportunity to invest $75,000 in a new project opportunity but due to cash flow concerns, your boss wants to know when you can pay back the original investment. Using the discounted payback method, you determine that the project should generate inflows of $30,000, $30,000, $25,000, $20,000, and $20,000 respectively for an expected five years after completion of the project. Your firm's required rate of return is 10%. How long will it take to pay back the initial project investment
Answer:
It will take the project 3 years 3.6 months to pay back the initial investment.
Explanation:
The discounted payback period is the length of time of time it will take the present value of the cash inflows to recoup its initial cost.
To compute the discounted payback period we will follow the steps below:
Step 1: Compute the present value
Compute the Present Value of the cash inflows
Year Present Value Cumulative PV
0 75,000 (75,000)
1 30,000 × 1.1^(-1)= 27272.72 (47,727.27)
2 30,000 × 1.1^(-2) = 24793.38 (22,933.88)
3. 25,000 × 1.1^(-3)= 18782.87 (4,151.0)
4. 20,000 × 1.1^(4) = 13,660.26911
5. 20,000 × 1.1^(-5)= 12,418.42646
Step 2 : compute the payback period using the present value of cash flows
Discounted payback period = 3 years + ( 4,150/13,660)× 12 months
= 3 years 3.6 months
It will take the project 3 years 3.6 months to pay back the initial investment.
Which Airlines lounges are the best ?
Answer:
Air France La Première Lounge, Paris is the first best Airline lounge in the World.
Explanation:
The Air France La Première Lounge gives its customer one of the fashionable flying experiences in the world, as it includes freshening up the cozy cocktail bar to be brighter and more inviting, adding semi-private relaxation areas and installing new pieces of art.
In addition to having one of the best first class inflight experiences available, Air France also provides an outstanding ground experience in Paris. Best food is also offered at the restaurant there.
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Assume real income increased in the United States. Draw a correctly labeled graph of the foreign exchange market for the yen, and show the effect of the increased real income in the United States on the equilibrium exchange rate for the yen.
Note that when the actual income of US rises, so does the country's import demand. This means that at every level of the exchange rate, there will be more demand for Yen to conduct these import-related activities.
What is the rationale for the above response?It is to be noted that Like any other general market, the Foreign Exchange market (Forex) has a supply and demand side. There is the SS of the foreign currency on the supply (SS) side and the DD for the foreign currency under consideration on the demand (DD) side.
Hence, when the actual income of US rises, so does the country's import demand. This means that at every level of the exchange rate, there will be more demand for Yen to conduct these import-related activities. As a result, the Yd curve will change from Yd0 to Yd1. As a result, the equilibrium $/Yean exchange rate will rise from e0 to e1, indicating that the Yen has increased in value relative to the Dollars.
See attached graph for more details.
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As financial controller at a manufacturing company, you have been advised by a colleague that the sales director is unlawfully declaring fuel benefits as the tax value is high. This has been creating higher profit margins and if declared those margins will go down. There is potential that this could push the company into insolvency, which would result in job losses for 300 employees. You have made the other directors aware of the situation but they have expressed a wish not to disclose the misleading tax bill. You are aware that by declaring this information to the tax authorities, as required by law, that the organization may have to declare insolvency and those 300 employees could lose their jobs. What would you do?
Answer:
so many words i cant understand the of it
As the financial controller facing this ethical and legal dilemma, here's a course of action you could consider below:
What would you do?Seek advice from legal professionals to fully understand the legal implications of not reporting the accurate tax information. This will help you make informed decisions based on the law and potential consequences.
Keep thorough records of your interactions, discussions, and decisions related to this matter. Documentation will be crucial if any legal or ethical issues arise later.
Engage in open and honest discussions with the other directors, emphasizing the potential legal and ethical ramifications of not reporting accurate tax information. Stress the importance of transparency and compliance with the law.
Explore alternative ways to address the issue without causing potential insolvency. This could include discussing options with tax authorities, seeking professional advice on managing tax liabilities, or making changes to the company's financial strategy.
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Sandra’s Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
October 1 Beginning inventory 6 $ 790 $ 4,740
October 4 Sale 4
October 10 Purchase 5 800 4,000
October 13 Sale 3
October 20 Purchase 4 810 3,240
October 28 Sale 7
October 30 Purchase 8 820 6,560
$ 18,540
3. Using LIFO, calculate ending inventory and cost of goods sold at October 31
The cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.
The LIFO method (last-in, first-out) of inventory valuation requires that the most recent purchases of inventory be used first in the cost of products sold and ending inventory calculations. The ending inventory and cost of products sold at the end of October will be calculated using the LIFO method, based on the data given in the table.Based on the data given, the total units sold is 14, and the total units purchased is 17. Here's how to calculate the ending inventory and cost of products sold using the LIFO method:Step 1: The last purchase of 8 units at a cost of $820 each on October 30 is deducted from the inventory count, leaving 9 units.Step 2: The previous purchase of 4 units at a cost of $810 each on October 20 is deducted from the inventory count, leaving 5 units.Step 3: The next purchase of 5 units at a cost of $800 each on October 10 is deducted from the inventory count, leaving 0 units.Step 4: Based on the LIFO method, the cost of the ending inventory is the sum of the cost of the oldest units remaining in stock, which is 4 units at a cost of $790 each on October 1, totaling $3,160.Step 5: Based on the LIFO method, the cost of goods sold (COGS) is calculated by adding the total cost of units sold, which is 14 units at a cost of $820 each on October 30, 4 units at a cost of $810 each on October 20, and 5 units at a cost of $800 each on October 10, totaling $17,260.Therefore, the cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.For more questions on cost of goods sold (COGS)
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