245367
Explanation:
i used a calculator
Planning to finance higher education helps people prepare for their financial future because it teaches them about.......
a.) funds management and loans
b.) their educational options
c.) the real world
d.) meeting short term goals
Analyze Carrie's credit card statement and bank statement. How would you describe her
spending habits?
Carrie should not be spending over $300 on apparel; her spending habits are awful. Carrie has to learn how to set a spending limit for the money she has available.
Your spending patterns show how you've implemented your strategy. It might be challenging to follow your strategy at times. The secret is to form spending habits that will enable you to strike a balance between your spending and your income. Write down any questions you have and bring them with you to your in-person counselling appointment.
Identify your spending patterns by listing all of your accounts, including your bank account and all of your credit cards. You can discover your spending habits by looking at your accounts. Both fixed and variable costs will be included in your expenditure.
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If a firm is a price taker in both the labor market and the output market, it will:______.a. exceeds the marginal revenue product of labor.b. equals the marginal revenue product of labor.c. is less than the marginal revenue product of labor.d. equals the marginal physical product of labor.
Answer:
(C)
Explanation:
First, what does it mean for a firm to be a price-taker and then in 2 market places?
If a firm is a price-taker, this means that the firm accepts the price presented by the other group. The other group in this case is either laborers (labor market) or customers/other firms (output market).
A firm that is a price-taker does not set or use its own desired price and this is usually for business reasons.
The labor market is a resource market; since labor is one of the resource inputs or factors used in production.
A price-taker firm in the labor market is one that accepts the price at which labor(ers) chooses to work. This price could be lower or higher than what the firm is willing and able to pay.
The output market is the market for buying and selling of finished or semi-finished goods/products. It is the final market; where manufactured goods are made available to their various consumers.
A price-taker firm in the output market is one that accepts the price set by other firms in the industry or the price agreed upon by consumers. Again, this price could be higher or lower than the price at which the producer is willing to give the product away.
Now, what happens to the income statistics of firm that is a price-taker in both the labor market and the output market?
The firm will be running on less than the marginal revenue product of labour.
1) The standard cost to product one unit of product A includes 2 pounds of material at a standard cost of $ 4.00 per pound. During the month, 27,000 pounds of materials were purchased at a cost of $ 3.80 per pound and was used to produce 13,000 units of Product A
2) The standard labour cost to produce the unit includes 3 hours of work at an hourly rate of $ 10.00 per hour. For the month, 30,500 hours of labour are incurred at a cost of $ 10.10 per hour to produce 10,000 units.
You are asked to prepare reports showing:
a) The total materials Variance
b) The Price and Quantity materials Variance
c) The total Labour Variance
d) The Labour price and quantity Variance.
The preparation of reports showing the various required variances (total materials variance, the price and quantity materials variances, the total labor variance, and the labor price and quantity variances) are as follows:
a) The total materials Variance
= $1,400 Favourable ($104,000 - 102,600)
b) The Price and Quantity of Materials Variance:1) Price of Materials Variance:
= $5,400 Favorable ($4.00 - $3.80) x 27,000
2) Quantity of Materials Variance:
= $4,000 Unfavorable (26,000 - 27,000) x $4.00
c) The total Labour Variance= $8,050 Unfavorable ($30 - $30.805) x 10,500
d) The Labour price and quantity Variance1) Labor Price Variance
= $3,050 Unfavorable ($10 - $10.10) x 30,500
2) Labor Quantity Variance
= $5,000 Unfavorable (30,000 - 30,500) x $10
What variance analysis?In cost accounting, variance analysis investigates the differences between actual costs and budgeted costs of materials, labor, and overhead.
Variance analysis helps management to take corrective actions after identifying the causes.
Data and Calculations:Standard material cost for Product A = 2 pounds
Standard cost per pound = $4.00
Standard cost per unit = $8 ($4.00 x 2)
Total standard cost for materials = $104,000 ($8 x 13,000)
Purchase of materials = 27,000 pounds
Cost per pound = $3.80
Total purchase cost for materials = $102,600 ($3.80 x 27,000)
Production units = 13,000 units
Actal materials used per unit = 2.0769 pounds (27,000/13,000)
Actual cost per unit = $7.89 ($102,600/13,000)
Standard labor cost per unit = 3 hours
Standard rate of pay = $10
Standard labor cost per unit = $30 (3 x $10)
Totall standard labor hours = 30,000 (3 x 10,000)
Actual labor hours incurred = 30,500 hours
Labor rate per hour = $10.10
Total labor costs = $308,050 (30,500 x $10.10)
Production units = 10,000 units
Actual labor cost per unit = $30.805 ($308,050/10,000)
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An analysis and aging of the accounts receivable of Raja Company at December 31 reveal these data: Accounts receivable: $800,000 Allowance for doubtful accounts per books before adjustment (credit): $50,000 Amounts expected to become uncollectible : $65,000 What is the cash realizable value of the accounts receivable at December 31, after adjustment? Select one: a. $685,000. b. $750,000. c. $800,000. d. $735,000.
Answer:
The correct option is D,$735,000
Explanation:
The cash realizable value of accounts receivable for the year is the accounts receivable of $800,000 less the amount expected to become uncollectible in the current year which $65,000.
The realizable value of accounts receivable =$800,000-$65,000=$735,000
The allowance for doubtful accounts before adjustment was already dealt with in previous year,I mean the difference between last year allowance and this year was accounted for by posting $15,000 into allowance account thereby leading a closing balance of $65,000.
briefly describe and note any errors you see in the a/p aging summary report as of march 30 2016
Your AR ageing report contains information about the credit you grant customers who make purchases from you.
What is AR ageing?Accounts receivable ageing is a recurring report that classifies a company's receivables based on how long an invoice has been unpaid. It serves as a yardstick for evaluating the stability and financial standing of a company's clientele. If an organization's receivables are being collected much more slowly than usual, this may indicate that business is slowing down or that the organisation is taking on more credit risk in its sales operations. As a management tool, accounts receivable ageing can show whether customers are developing credit concerns and whether the company should continue doing business with those who are frequently late with payments.
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Rose is using her personal budget as a tool to A. plan the best way to spend and save her income. B. plan how to get more income where she works. C. plan the best way to increase her credit rating. D. plan how long it will take her to buy a new car.
Option A is correct. Rose uses her personal budget as a tool to plan how best to spend and save her income.
Using a personal budget is a tool for managing one's income and expenses, and is an effective way to plan how to spend and save money. By creating a budget, Rose can track her income and expenses, identify areas where she can cut back on spending, and set goals for savings and debt repayment. This can help her make informed decisions about her finances and ensure that she is living within her means. Planning how to get more income where she works, increasing her credit rating, and planning to buy a new car are all important financial goals, but they are not necessarily related to using a personal budget as a tool for managing one's finances.
By setting a budget, you can ensure that you do not run out of money each month. Budgets also help you save money for goals and emergencies.
In the simplest form of creating a personal budget, a person calculates net income, tracks expenses over a period of time, sets goals based on previously gathered information, and develops a plan to achieve those goals. and adjust spending accordingly plan.
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Malcolm (37) is a U.S. citizen. He was married at the beginning of 2020. His wife lived in the household until the end of February, then she moved out of the home. Their divorce was finalized on November 30, 2020, and Malcolm has not remarried. Malcolm provided 100% of the support for his son, who lived with him all year and is his qualifying child. Malcolm's most advantageous filing status is:
Based on the fact that Malcolm is a U.S. citizen and provided 100% of the support for his son, who lived with him all year and is his qualifying child, his most advantageous filing status is D. Head of household.
It should be noted that Malcolm can file a separate return from his ex-wife as the head of household. This is due to the fact that he stayed with his son and paid 100% maintenance for the son.
Under the head of household, the gross income is $18650 for those under the age of 65. Malcolm can also get dependent care credit, earned income credit, and education credit.
Therefore, he should file as head of household.
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Occupational hygiene focuses specifically on three types of exposures. Explain any Two of these
Occupational hygiene focuses specifically on three types of exposures are:
chemical physical biologicalWhat is Occupational hygiene?Occupational hygiene can be described as the process that is been used in the work placer so that it can focus on the monitoring as well as preservation of the people of the workplace from any hazards.
chemical exposure can be described as one that focus on any hazards that can come from the use of toxic substance in the workplace. physical exposure can be described as the one tat focus on any hazards as a result of any physical injury in the workplace.
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select all that apply most users rely on general-purpose financial statements, which include which of the following? (check all that apply.) multiple select question. summary of ratios notes to financial statements statement of stockholders' equity income statement balance sheet statement of cash flows
The general-purpose financial statements includes: (1) income statement (2) balance sheet (3) statement of cash flows and (4) notes to financial statements.
Balance sheet is the summary sheet of any organization that shows its financial activities like assets, liabilities, equity capital, total debt, etc. for a fixed amount of time. All the assets of the company are displayed on one side and all the liabilities on the other.
Cash flow refers to the movements of cash from the bank account of a person or organization. It covers the complete credited and debited transactions. Cash inflow can be of three types: Operating cash flow, Investing cash flow and Financing cash flow.
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Answer: The general-purpose financial statements includes: (1) income statement (2) balance sheet (3) statement of cash flows and (4) notes to financial statements AND (5) statement of stockholders' equity
Which of the following was not one of the types of entrepreneurs theorized by Arthur cole in the 1950s. The innovator, the calculating inventor, the organization builder, the lucky fool
Answer:
the answer is 'the lucky fool'
Explanation:
What actions where required by GMC company to do business in in other countries?
GMC Company was obliged to take certain steps in order to conduct business in other nations. It is typical for businesses to take a number of steps in order to grow their business.
As well as carrying out market research to discover possible possibilities and difficulties, forming alliances with nearby companies, abiding by local rules and regulations, acquiring required permits and licenses, and customizing their goods and services to suit regional preferences.
Businesses may also need to take into account logistical difficulties like shipping and transportation as well as linguistic and cultural variations. It is crucial for companies to have a thorough strategy for conducting business abroad as well as a firm understanding of the local market.
As a result, the significance of the actions were required by GMC company to do business in other countries are the aforementioned.
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Tger trade has the following cash transactions for the period
Accounts Amounts
Cash received from sale of products to customers $37,500
Cash received from the bank for long-term loan 42,500
Cash paid to purchase factory equipment 47,500
Cash paid to merchandise suppliers 11,500
Cash received from the sale of an unused warehouse 12,500
Cash paid to workers 23,500
Cash paid for advertisement 3500
Cash received for sale of services to customers 27,500
Cash paid for dividends to stockholders 5500
Assume the balance of cash at the beginning of the period is S4,500.
Required:
Calculate the ending balance of cash.
Answer:
Cash at the ending of the year IS $33,000
Explanation:
Cash flow from operating activities
Cash inflows: $ $
From sale of product to customers 37500
From sale of services to customers 27500
Cash outflows:
For merchandise supplies (11500)
For workers (23500)
For advertisements (3500)
Net cash flow from operating activities A 26,500
Cash flow from investing activities
Purchase factory equipment (47500)
Sale of warehouse 12500
Net cash flow from investing activities B (35000)
Cash flow from financing activities
Borrow from bank 42500
Pay dividends (5500)
Net cash flow from financing activities C 37,000
Net increase in cash (A+B+C) 28500
Cash at the beginning of the year 4500
Cash at the ending of the year $33,000
Which option correctly describes a benefit of using professional networking websites? OA Reach out to friends and relatives for career options. OB. Get updates about the companies that interest you. ОС. Interact informally with teachers to get their advice. OD. Join hobby groups for leisure time activities. OE. Get involved in school projects and events.
Answer:
B. you should get updates about the companies that interest you.
Explanation:
B. Because once you find something that interest you its easier to work at a place you like than to be bored and sad at a place you don't like
The following are data on three promissory notes. Determine the missing amounts. (Round answers to 0 decimal places, e.g. 5,275. Use 360 days for calculation.) Date of Note Terms Maturity Date Principal Annual Interest Rate Total Interest (a) April 1 60 days select a maturity date $630,000 5 % $enter a dollar amount (b) July 2 30 days select a maturity date 86,400 enter percentages % $576 (c) March 7 6 months select a maturity date 136,800 9 % $enter a dollar amount
Answer:
A. Maturity Date 31-May
Total Interest $5,250
B. Maturity Date 02-Aug
Annual interest rate 8%
C. Maturity Date 07-Sep
Total Interest $6,156
Explanation:
Calculation to Determine the missing maturity dates and Total interest and rates on notes.
Date of Note Terms Maturity Date Principal Annual Interest rate Total Interest
a. 01-Apr 60 days 31-May $630,000 5% $5,250
b. 02-Jul 30 days 02-Aug 86,400 8% $576
c. 07-Mar 6 months 07-Sep 136,800 9% $6,156
Working:
A. Calculation for Total Interest and Maturity Date
Total Interest= $630,000 x 5% x 60 days / 360 days
Total Interest = $5,250
Maturity Date
April 2-30 29
May 1-31 31
Total 60 days
B. Calculation for Annual Interest rate and Maturity date
First step is to calculate the 360 days Interest
360 days Interest = $576 x 360 days / 30 days
360 days Interest = $6,912
Now let calculate the Annual interest rate
Annual interest rate = ($6,912 / 86,400) x 100
Annual interest rate= 8%
Maturity Date
July 3-31 28
August 1-2 2
Total 30 days
C. Calculation for Total Interest and Maturity date
Total Interest = 136,800 x 9% x 6 months / 12 months
Total Interest =$6,156
Maturity date
March 8 to April 7 1
April 8 to May 7 1
May 8 to June 7 1
June 8 to July 7 1
July 8 to August 7 1
August 8 to Sep 7 1
Total 6 months
Therefore the missing maturity dates and Total interest and rates on notes are:
A. Maturity Date 31-May
Total Interest $5,250
B. Maturity Date 02-Aug
Annual interest rate 8%
C. Maturity Date 07-Sep
Total Interest $6,156
when there is free entry and exit in a market, in the long run, price will: never change. keep rising. equal average cost. keep falling.
In the long run, with free entry and exit, the price in the market is equal to both a firm's marginal cost and its average total cost.
Hence, Option C is correct.
Economists use the phrase "free entry" to refer to a situation in which producers can freely enter the market for an economic good by starting production and selling the commodity. In a similar vein, free exit happens when a firm is free to leave the market when it experiences financial losses.Similar to how new businesses will shut down if they begin to lose money. Existing businesses will continue to leave until the product price increases while new businesses will continue to enter the market. As a result, businesses will only be able to manage typical profits over time.To know more about Market here
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NPV and maximum return A firm can purchase new equipment for a $ 17,000 initial investment. The equipment generates an annual after-tax cash inflow of $ 4,000 for 7 years. a. Determine the net present value (NPV) of the asset, assuming that the firm has a cost of capital of 13%. Is the project acceptable? b. Determine the maximum required rate of return that the firm can have and still accept the asset. a. The net present value (NPV) of the new equipment is $ 690.44. (Round to the nearest cent.) Part 2 Based on its NPV, is the new equipment acceptable? (Select the best answer below.) Yes Your answer is correct. No Part 3 b. The maximum required rate of return the firm can have and still accept the new equipment is enter your response here%. (Round to two decimal places.)
The net present value (NPV) of the new equipment is $ 690.44. .
Based on the NPV, the project is acceptable.
The maximum required rate of return the firm can have is 14.29%.
What is the NPV?Net present value is the present value of after-tax cash flows from an investment less the amount invested. Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable
Net present value = -17,000 + 4000 / 1.13 + 4000 / 1.13² + 4000 / 1.13³ + 4000 / 1.13^4 + 4000 / 1.13^5 + 4000 / 1.13^6 + 4000 / 1.13^7 = $690.44
The maximum required rate of return is the internal rate of return. Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
IRR = 14.29%
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Suppose that the production function is y= 9k^0.5 N^0.5. With this production function, the marginal product of labor is MPN= 4.5K^0.5 N^-0.5. The capital stock is K= 25. The labor supply curve is NS= 100[(1-t)w]^2, where w is the real wage rate, t is the tax rate on labor income, and hence (1-t)w is the after-tax real wage rate.c.Suppose that a minimum wage of w=2 is imposed. If the tax rate on labor income, t, equals zero, what are the resulting values of employment and the real wage? Does the introduction of the minimum wage increase the total income of workers, taken as a group?
The resulting values for employment and the real wage are 70.3125 and $1.5811 per hour, respectively.
The introduction of the minimum wage does not increase the total income of workers taken as a group.
How to determine employment and real wageTo find the resulting values of employment and real wage, determine where the labor supply curve intersects the labor demand curve.
MPN =
\(4.5K^0.5 N^-0.5 = (9K N)^0.5 / (2KN)^0.5 = (9/2)^0.5 (K/N)^0.5 = w/P
\)
where P is the price of output, which we can assume is equal to 1.
This equation can be rearranged to solve for N:
N =
\((9/2) (K/w)^2\)
Plugging in K = 25 and w = 2, we get:
N =
\((9/2) (25/2^2) = 70.3125\)
To find the real wage, we can plug this value of N into the labor supply curve:
NS =
\(100[(1-t)w]^2 = 100(1-0)(2)^2\)
= 400
Since labor supply exceeds labor demand, the real wage will be bid down to the equilibrium level.
\((9/2)^0.5 (K/N)^0.5 = w/P
(9/2)^0.5 (25/N)^0.5 = 1/2
N = (9/2) (25/2^2) = 70.3125
w = 2(70.3125/100)^0.5 = 1.5811\)
The equilibrium real wage is $1.5811 per hour.
To determine whether the introduction of the minimum wage increases the total income of workers,
Total income before minimum wage = wN = 1.5811 x 70.3125 = $111.31
After the minimum wage of $2 is imposed, the real wage is fixed at $2, and the level of employment is determined by the intersection of the labor supply and demand curves at this wage:
N =
\((9/2) (25/2^2) / (2)^2 = 35.15625\)
Total income after minimum wage = wN = 2 x 35.15625 = $70.31
Since the total income of workers decreases from $111.31 to $70.31 after the minimum wage is imposed, the introduction of the minimum wage does not increase the total income of workers taken as a group.
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Which individual is the best candidate to be approved for a loan? Group of answer choices An individual with good credit, irregular income, and seasonal employment An individual with poor credit, irregular income, and stable employment An individual with average credit, steady income, and part-time employment An individual with excellent credit, steady income, and stable employment
Answer:
An individual with excellent credit, steady income, and stable employment.
Answer:
The answer is D. An individual with excellent credit, steady income, and stable employment.
Explanation:
This is due to them being the most reliable out of all the individuals given.
Foundation
QUESTION 8 / 10
Which of the following statements is TRUE about payday loans?
Answer:
what are the answer choices
which is true:_______A. high p/e ratio could mean that the company has a great deal of uncertainty in its future earningsB. low p/e ratio could mean that the company has a great deal of uncertainty in its future earningsYou decide also to conduct a qualitative analysis based on the factors summarized by the American Association of Individual Investors (AAII). According to your understanding, a company with less competition is considered to be (more or less)risky than companies with a wide multiple competitiors.
Answer:
1. Which Statement is true:
B. low p/e ratio could mean that the company has a great deal of uncertainty in its future earnings.
2. Qualitative analysis:
According to your understanding, a company with less competition is considered to be (more or less) risky than companies with a wide multiple competitors.
Explanation:
Company A's Price/Earnings (P/E) ratio is calculated as the market price of its shares divided by the earnings per share. It shows the value investors have over a stock. With a high P/E ratio, the company's stock could be over-valued, or investors are expecting high growth rates in the future. This is unlike a low P/E ratio that shows that the stock is undervalued or that investors are not expecting high growth rates in the future because of uncertainty.
Without competition, Company A is riskier than Company B which operates efficiently and competitively. There is that competitive edge that competitive companies possess. Monopolies do not enjoy that advantage. It is, therefore, riskier to have no competition.
Helen Ming receives a travel allowance of $120 each week from her company for time away from home. If this allowance is taxable and she has a 28 percent income tax rate, what amount will she have to pay in taxes for this employee benefit
Answer:
$1,747.2
Explanation:
Calculation to determine what amount will she have to pay in taxes for this employee benefit
First step is to determine the Annual travel allowance
Using this formula
Annual travel allowance=Weekly allowance × 52 weeks
Let plug in the formula
Annual travel allowance=$120 × 52 weeks
Annual travel allowance=$6,240
Now let determine the Annual tax
Using this formula
Annual tax=Annual travel allowance × Tax rate
Let plug in the formula
Annual tax=$6,240 × 0.28
Annual tax=$1,747.2
Therefore the amount that she will have to pay in taxes for this employee benefit is $1,747.2
Identify what constitute the combination of traits, which result from the interaction of genes and environment.
O personality
O locus of control
O ethnocentrism
O perception
Answer:
Personality
Explanation:
the combination of traits, which result from the interaction of your genes and your environment, they constitute your personality.
The personality from the interaction of genes and environment.
What is combination of traits?It could involve anything from managing a team of people to swaying opinions and guiding an organization's development.
Whatever your personal definition of leadership may be, we can all agree on one thing: Great leaders regularly exhibit certain characteristics as opposed to mediocre ones.
Effective leaders play a critical role in ensuring that people are inspired, engaged, and properly prepared to provide their best work at all levels of a business.
Therefore, The personality from the interaction of genes and environment.
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what is probability/impact matrix
Explanation:
probability and impact metrix is a tool for the project team iad in prioritizing risks.
How can a hotel sales representative identify who is
responsible for purchasing meeting space, banquets,
and rooms for corporate travelers in the corporate
headquarters of an insurance company?
They accomplish this through lobbying the groups in the market and meeting with the groups that the hotels appear to.
Briefing:-The dissection might have a convention service branch in addition to the sales function. The information about sales groups visiting the hotel is covered in this section. Convention services would take care of the group's "external" needs, booking requirements, catering needs, and meeting preparations. The hotel sales representative looks after the lodging establishment's needs for promotion and the information obtained from market research. Questions about airfare should be addressed to the sales agent for lodging facilities.
What does marketing lobbying mean?As was already noted, a lobby is a collection of people or businesses that exerts pressure on public officials. Additionally, it refers to the endeavor to exert influence over others.
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Currently, there are 8 firms in the market. In the short run, in which the number of firms is fixed, the equilibrium price is $13.33 and the total quantity produced in the market is 106 units. Each firm produces units. (Hint: Total supply in the market equals the number of firms times the quantity supplied by each firm.) In this equilibrium, each firm makes a profit of $ . (Note: Enter a negative number if the firm is incurring a loss.) Firms have an incentive to the market. In the long run, with free entry and exit, the equilibrium price is $ , and the total quantity produced in the market is units. There are firms in the market, with each firm producing
Answer:
))0
Explanation:
1. Briefly explain how globalization encourages worldwide economic growth through trade and labor markets. Also, explain how globalization and technological advancement encourage each other. (4 points)
2. Rapid inflation or deflation can have a domino effect on the global economy. One dramatic example occurred in the first half of the 20th century, when the world faced both the Great Depression and World War II. Briefly explain how rapid inflation and deflation affected the global economy during the Great Depression (1929 – 1938), World War II (1939 – 1945), and the postwar era (1946 – 1950). (4 points)
3. Identify and describe the three most common reasons countries trade, and give an example of each of these trade motivations in action. (4 points)
4. Four of the main types of trade barriers are tariffs, quotas, embargoes, and standards. Define each and briefly describe its economic impact. (4 points)
5. Describe the impact of a strong (appreciating) U.S. dollar and a weak (depreciating) U.S. dollar on both the U.S. economy and the economies of major U.S. trading partners. (4 points)
Part II: Application and Critical Thinking (20 points)
6. In the 20th century, the U.S. economy's shift from the gold standard to the Bretton Woods system, and what happened over time as a result, had an important role in changing the United States' standing in the world. Write a short essay on the Bretton Woods system and the global role of the U.S. dollar that addresses the following prompts.
a. Explain what the gold standard was, including its connection to the U.S. and world economies in the early 1900s.
b. Explain the Bretton Woods system and how it initially affected the global role of the U.S. dollar.
c. What was the effect of the Bretton Woods system over time? Explain what happened in the early 1970s that ended the system. How was the status of the U.S. dollar affected as a result?
(20 points)
1. Globalization places pressure on nations to reduce tariffs, subsidies and other barriers to free trade. As a result, Globalization promotes economic growth, creates jobs, makes companies more competitive and lowers prices for consumers. Globalization increases technological development by allowing countries to gain easier access to foreign knowledge. Globalization also enhances international competition.
2. The worldwide prosperity of the 1920s ended abruptly with the stock market crash in October 1929 and the great economic depression that followed. The inflation of the money supply during this period led to an unsustainable inceease in both asset prices and capital goods.
3. Differences in Technology: Advantageous trade can happen amongst nations if the countries differ in their technological abilities to produce goods and services. For example conversion of resources to outputs
ii. Differences in Resource Endowments: Advantageous trade can happen between nations if the nations differ in their endowments of resources. For example, presence of certain resources in one country and its absence in another.
iii. Differences in Demand: Advantageous trade can happen among countries if demands or preferences differ between countries. Individuals in different countries can prefer or demand for different products. For example, the Chinese are likely to demand more rice than Americans, even if consumers face the same price.
4. Tariffs are described as levies that a government places on imports entering a country, its impact is that it may increase the price of a commodity.
An import quota infers the numerical limit set to deduce the quantity of a commodity that can be imported into a country.
Tariffs and quotas are established to react to international trade and its effects.
5. The impact of the appreciation and depreciation of dollars is that it will reduce inflation in the US and vice versa in their partners. That is, if dollars appreciate, in the US, inflation is reduce and inflation is increased in that of their partners but when dollars depreciate, inflation occurs in the US and not in their partners .
6a. The gold standard is a monetary system where a country's currency or paper money has a value directly linked to gold. The gold standard is not currently used by any government. Britain stopped using the gold standard in 1931, and the U.S. followed suit in 1933, finally abandoning the remnants of the system in 1973.
b. The Bretton Woods System required a currency peg to the U.S. dollar which was in turn pegged to the price of gold.
What was the effect of the Bretton Woods system over time?The Bretton Woods System demanded a currency peg to the U.S. dollar which was in turn pegged to the price of gold. The Bretton Woods System ended in the 1970s but created a lasting influence on international currency exchange and trade through its development of the IMF and World Bank.
Therefore, the correct answers are as given above
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Robby decided to introduce conflict into his planning meeting, to stimulate intellectual discussion of different perspectives on issues. Robby believed that this was necessary because his subordinates were engaging in ________, that is, avoiding disagreement for the sake of remaining cordial.
a. domination
b. devil’s advocacy
c. groupthink
d. satisficing
e. goal displacement
The scenario regarding the employees avoiding disagreement for the sake of remaining cordial is E. Goal displacement.
What is goal displacement?Goal displacement simply means when the original goals of an organization are taken over by another goal that's was developed.
In this case, Robby decided to introduce conflict into his planning meeting, to stimulate intellectual discussion of different perspectives on issues.
This was important as the new goal that was developed by the employees was about maintaining the relationship.
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what is your analysis on walmart financial health as of january 2021 compare to 2022
Balance sheet, net income
Ebony interiors balance sheet February 28, 2018
Answer: Financial decisions are often hard to make. We help people make those decisions by making comparisons, finding out what others have chosen, and considering the financial implications of their options.