Keynesians argue that monetary policy is NOT effective if:a. other countries do not pursue a monetary policy similar to that of the United States.b. no one buys bonds when the Fed conducts open-market operations.c. the Fed is independent of political pressures.d. the economy is in a liquidity trap.

Answers

Answer 1

Keynesians argue that monetary policy is NOT effective if there was a liquidity trap.

What is liquidity trap?

A liquidity trap develops when investors select lower-yielding assets over hoarding cash due to a bleak outlook for the economy. Bonds aren't the only thing affected by a liquidity trap; other sectors of the economy also suffer as a result of consumers' reduced spending, which might make employers less eager to hire.

Does inflation result from a liquidity trap?

The liquidity trap is examined in a recent piece in the regional Economist. A growth in the money supply (such as that brought on by the Federal Reserve's massive asset purchases) typically results in higher inflation since more money is chasing the same amount of goods.

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Related Questions

who was a main practitioner of virtue ethics?​

Answers

Explanation:

Virtue ethics began with Socrates, and was subsequently developed further by Plato, Aristotle, and the Stoics. Virtue ethics refers to a collection of normative ethical philosophies that place an emphasis on being rather than doing.

help it’s due tomarrow
Jot down ideas for a promotional mix for the three scenarios (at the bottom). Create a
quick promotional mix. Include specific and creative tactics needed to promote the
event, company or product. Be sure to include at least one tactic for each element of
the mix:
• advertising
• public relations
• sales promotions
• personal selling
Possible tactics include: Slogans, Billboards, Free Samples, Sponsorships, Commercials,
Contests, Telemarketing, Trade Shows, Sweepstakes, Press Kits, Coupons or Loyalty
Programs. You are NOT limited to this list.
Create a Microsoft® PowerPoint describing your promotional mix and each tactic.
Briefly explain why you selected the elements you choose.
SCENARIOS
• A charity carnival raising funds and supplies for a homeless shelter
• A non-profit children's agency
• Season tickets to a women's college basketball team

Answers

Answer:

hun you're going to have to do this on your own

What is market demand?

a. The subtraction of the individual quantities demanded by each buyer in a market at each price.
b. The addition of the individual prices of the product at each level of quantity.
c. The multiplication of the prices of each product by the individual quantities demanded by each buyer in a market.
d. The division of the total spending by an individual buyer by the prices paid for the product.
e. The addition of the individual quantities demanded by each buyer in a market at each price

Answers

Answer:

e. The addition of the individual quantities demanded by each buyer in a market at each price

Explanation:

Among the options given above, the selected is the best explanation to what a market demand happens to be. The quantity of goods demanded by each individuals when added together gives an idea of what the market demand is for that particular goods.

Suppose the demand for French bread rises. Explain what happens to producer surplus in the market for French bread. Explain what happens to producer surplus in the market for flour.

Answers

Answer:

When the demand for French bread rises, the price of French bread will likely increase as well. This means that the quantity of French bread that sellers are willing and able to sell at each price will increase. As a result, the total amount of revenue that sellers of French bread receive will increase, which means that producer surplus in the market for French bread will increase.

In the market for flour, the increase in demand for French bread may lead to an increase in the price of flour. This is because the increased demand for French bread will likely increase the demand for flour as well, since flour is a key ingredient in making French bread. As the price of flour increases, the producer surplus in the market for flour will also increase.

It's worth noting that the exact change in producer surplus in the market for flour will depend on the elasticity of supply of flour. If the supply of flour is relatively inelastic, the increase in price will result in a larger increase in producer surplus, whereas if the supply of flour is more elastic, the increase in price will result in a smaller increase in producer surplus

not sure if this information helps or not. I only need help with figuring out the amount for line 16 on 2021 tax form 1040. Beth R. Jordan lives at 2322 Skyview Road, Mesa, AZ 85201. She is a tax accountant with Mesa Manufacturing Company, 1203 Western Avenue, Mesa, AZ 85201 (employer identification number 11-1111111). She also writes computer software programs for tax practitioners and has a part-time tax practice. Beth is single and has no dependents. Beth was born on July 4, 1975, and her Social Security number is 123-45-6785. She did not engage in any virtual currency transactions during the year, and she wants to contribute $3 to the Presidential Election Campaign Fund. Beth received the appropriate coronavirus recovery rebates (economic impact payments); related questions in ProConnect Tax should be ignored. The following information is shown on Beth's Wage and Tax Statement (Form W-2) for 2021. Line Description Amount 1 Wages, tips, other compensation $65,000.00 2 Federal income tax withheld 9,500.00 3 Social Security wages 65,000.00 4 Social Security tax withheld 4,030.00 5 Medicare wages and tips 65,000.00 6 Medicare tax withheld 942.50 15 State Arizona 16 State wages, tips, etc. 65,000.00 17 State income tax withheld 1,954.00 During the year, Beth received interest of $1,300 from Arizona Federal Savings and Loan and $400 from Arizona State Bank. Each financial institution reported the interest income on a Form 1099-INT. She received qualified dividends of $800 from Blue Corporation, $750 from Green Corporation, and $650 from Orange Corporation. Each corporation reported Beth's dividend payments on a Form 1099-DIV. Beth received a $1,100 income tax refund from the state of Arizona on April 29, 2021. On her 2020 Federal income tax return, she used the standard deduction. Fees earned from her part-time tax practice in 2021 totaled $3,800. She paid $600 to have the tax returns processed by a computerized tax return service. On February 8, 2021, Beth bought 500 shares of Gray Corporation common stock for $17

Answers

Here is the amount for line 16 on 2021 tax form 1040 for Beth R. Jordan: $1,292.50

Here is the calculation:

To calculate your overall earnings, you can subtract the state income tax withheld and add the state income tax refund and net self-employment income, while also taking into account any self-employment expenses.

These figures can be found on lines 2 and 17 of your W-2 form, and lines 3 and 27 of your Schedule C, respectively.

The precise figures of these items are given below:

Federal income tax withheld: $9,500

State income tax withheld: $1,954

State income tax refund: $1,100

Net self-employment income: $3,800

Net expenses from self-employment: $600

Plugging these values into the calculation above, we get:

$9,500 - $1,954 + $1,100 + $3,800 - $600 = $1,292.50

Therefore, the amount for line 16 on 2021 tax form 1040 for Beth R. Jordan is $1,292.50.

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Why should businesses take on the task of training the hard-core unemployed?

Answers

As part of their contributions to corporate social responsibility, businesses must provide training to hard-core unemployed groups.

As part of their obligations to the society in which they operate in order to generate profits, every profit-making business organization must fulfill a corporate social responsibility .

Providing the unemployed with basic skills training increases their likelihood of finding employment in a variety of sectors of the economy. It falls under the umbrella of corporate social responsibility because it is a welfare activity.

As a result, the significance of corporate social responsibility has been discussed previously.

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Robyn was a lawyer for the Department of State who has been disbarred for ethical lapses including dishonesty and interfering with investigations.
After losing his license to practice law, he was fired from the State Department. What MOST likely must Robyn do now?
A. Appeal his case to the American Bar Association.
B. Find a new career outside the legal profession.
C. Wait a year and reapply for his license.
D. Take his case to an appeals court.

Answers

The most likely thing for Robyn to do is B. Find a new career outside the legal profession.

Why does Robyn need to leave the legal profession ?

Since he has lost his license to practice law, he would not be able to continue working as a lawyer or in any other legal capacity. In addition, his firing from the State Department would likely make it difficult for him to find employment in a related government agency.

Therefore, the most realistic option for Robyn would be to seek employment in a different field or industry. Appealing his case to the American Bar Association or taking his case to an appeals court would likely not be fruitful options, as his disbarment and firing from the State Department suggest that his ethical lapses were significant and serious.

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All of the following are examples of primary market research EXCEPT

Direct mail surveys

Fee product samples

Focus groups

Promotional email campaigns

Answers

Answer:

Fee product samples

Explanation:

makes pay

Cost of money Four fundamental factors affect the cost of money: (1) the return that borrowers expect to earn on their investments, (2) the preference of savers to spend their income in the current period rather than delay their consumption until some future period, (3) the risks associated with the investment, and (4) expected inflation. Consider the following statements that address these factors, and indicate which you think are true.
Statement 1: All things being equal, rational savers and investors prefer to invest in an asset that provides a 12% return rather than one that provides an 8% return.
Statement 2: All things being equal, savers and investors prefer more risk to less risk and prefer lower risk premiums on projects exhibiting higher levels of risk.
Statement 3: On average and everything else held constant, borrowers will attempt to pay the maximum possible cash flows that will motivate savers and investors to participate in the transaction.
Statement 4: All things being equal, savers and investors expect to receive some amount of maturity premium as compensation for their deferred consumption.
The true statements are:______.
a. 1, 2, and 3.
b. 1 and 3.
c. 2 and 4.
d. 1, 2, 3, and 4.

Answers

Answer:

b. 1 and 3.

Explanation:

The investors are of two types either they are risk averse or risk seekers. Risk averse are those who are not willing to take risks for their investments. They accept lower returns but they are not ready to take more risks than their appetite. Risk seekers are those who demand more risk for more returns. The risks level is so high that even their whole investments can go away but they take this risk to achieve high extra ordinary returns.

Osvaldo makes $40,000 a year as a soccer coach. He also owns and rents out a small store for extra income of $60,000 a year. He wants to use the space for a Boba (Pearl tea) shop. His expenses at the boba shop would be $80,000 per ingredients and hiring a worker. He also would pay $20,000 per year in insurance. He would make $140,000 in revenues. What are his economic profits if he opens the ice cream store

Answers

Answer:

Osvaldo and Pearl Tea Shop

His economic profits if he opens the ice cream store is:

= ($20,000).

Explanation:

a) Data and Calculations:

Annual salary as a soccer coach = $40,000

Rent income from a small store = $60,000

Expenses for the Pearl tea shop

Ingredients and labor = $80,000

Insurance =                      20,000

Total expenses =         $100,000

Revenue from the Pearl Tea Shop = $140,000

Less total expenses                             100,000

Less opportunity cost (rent income)    60,000

Economic loss =                                  $20,000

His economic profits if Osvaldo opens the ice cream store is ($20,000).

What is economic profit?

Economic profit is define as the difference between the revenue received from the sale of an output and the associated costs of all factors of production.

First we need to compute total expenses.

=  Ingredients and labor + Insurance

= $80,000 + $20,000

= $100,000

Economic loss

=  Revenue from the Pearl Tea Shop - Total expenses - opportunity cost (rent income)

= $140,000 - $100,000 - $60,000  

=  ($20,000)

Hence, Osvaldo economic profits if he opens the ice cream store is ($20,000)

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anyone here earn money from brainly and how
please guide me

Answers

Hi, you've asked an incomplete question. However, I assumed you want to know what Brainly platformed.

Explanation:

It is interesting to note that the Brainly platform is designed specifically for students to learn from their peers mostly free of charge, and it allows them to find answers to homework questions.

The operating budget provides a roadmap for financial plans for a short-term, future period. What is a typical “future period” for an operating budget?

Answers

An operating budget is a financial statement that outlines the organization's expenditures and revenues for a specific period.

The operating budget is typically for a fiscal year, which is usually twelve months. The future period for an operating budget is usually a fiscal year or less than a year. The operating budget is critical because it establishes guidelines for financial activities and operations in an organization. It provides a roadmap for financial plans for a short-term, future period, which typically begins on January 1st and ends on December 31st.

An organization creates an operating budget to aid in the allocation of resources and expenditures to achieve its objectives for a given period. A typical operating budget is for a fiscal year. A fiscal year is the period when an organization prepares its financial statements. It is usually 12 months, but it may be shorter or longer depending on the organization. An operating budget typically covers one fiscal year; however, it may be longer or shorter based on the organization's preferences.

The future period for an operating budget is frequently updated to reflect the company's current situation and financial standing. It takes into account the actual results of the previous period and the estimated expenditures and revenues for the upcoming year to develop the operating budget for a future period.

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Fran purchased an annuity that provides $7,400 quarterly payments for the next 10 years. The annuity was purchased at a cost of $185,000. How much of the first quarterly payment will Fran include in her gross income?

Answers

The first quarterly payment that Fran will include in her gross income is $4500.

What is gross income?

Gross income is the amount of money that an individual makes before any taxes or other deductions, also known as gross pay when it shows on a paycheck. This includes all forms of income, not only wages from employment, and is not limited to money-related income; it also includes income from the receipt of goods or services. When deciding whether or not to lend money to someone or rent to them, lenders and landlords consider their gross income. Gross income is the starting point when filing federal and state income taxes since it is used to determine the amount of tax that must be paid before deductions are taken into account. Using gross income and limiting the costs that are included in the research, the organization can better understand what causes success or failure.

First quarterly payment= (300,000 / (40*10)) = 7500 12,000 - 7500 = $4500

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Which government tax incentive retirement account allows a person to contribute after-tax earnings?
a. Contribution matching
b. Roth IRA
c. Traditional IRA
d. 529 plan

Answers

Answer:

B.

Explanation:

If you look this question up on your main search engine, it should give you this answer. Let me know if it's wrong.

The tax incentive being provided by government to eligible taxpayers at the time of retirement that allows an individual for contributing after tax income is the Traditional IRA.

Option C is correct.

What is the after tax-income?

After tax income is the amount being earned by individual after paying off the taxes on the basis of their filing status. It is determined by deducting tax expense from the amount of gross income.

Traditional IRA is one of the retirement account that permits a person for making contributions of gross revenues or after-tax revenues for investment. If the amount invested is complied with the rules as framed by tax authorities, then it can be considered for tax deductions. This leads to lowering of tax liability to some extent.

Therefore, the traditional IRA is the tax incentive allowing an individual on after tax income.

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George has been selling 8,000 T-shirts per month for $8.00. When he increased the price to $9.00, he sold only 7,000 T-shirts.
Which of the following best approximates the price elasticity of demand?
A. -1.2467
B. -1.02
C. -0.5667
D. -1.1333

Answers

Answer:

The correct answer is B

Explanation:

The price elasticity of demand or PED is measures the responsiveness of the quantity demanded of a product to the changes in price for that product. The PED is calculated as follows,

PED = % change in quantity demanded / % change in price

or

PED = [(Q1 - Q0) / Q0] / [(P1 - P0) / P0]

Where,

Q1 is the new quantity demanded and Q0 is the old quantity demandedP1 is the new price and P0 is the old price

PED = [(7000 - 8000) / 8000]  /  [(9 - 8) / 8]

PED = -1

As -1.02 is the closest to -1 So B is the correct answer.

Explain how the economy works

Answers

Answer:

BONJOUR

Economomy works the wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.

MERCI

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! : )

"One of the best methods of developing an economy is to expand local
markets so that the local community has access to all the markets.'
Based on the statement above, explain what local govemment needs to do to
expand local markets,
(2/2) (4​

Answers

Answer:

This kinda hard

Explanation:

I can’t do it

As a golf club production company produces more clubs, the average total cost of each club produced decreases. This is because
a. total fixed costs are decreasing as more clubs are produced.
b. average variable cost is decreasing as more clubs are produced.
c. there are scale economies.
d. total variable cost is decreasing as more clubs are produced.

Answers

In a case hereby as a golf club production company produces more clubs, the average total cost of each club produced decreases. This is because there are scale economies.

What is  scale economies?

Economies of scale  can be described as the phenomenon where the average costs per unit of output decrease  as a result of the increase in the scale or magnitude of the output being produced by a firm.

However the Average total cost  which is the sum total of all production costs divided by the total quantity of output can be seen as the combination of total fixed and variable costs, which is divided by the total number of units that are produced by the firm  hence from the case above there are scale economies as a resulkt of the declining average total costs are indicative of economies of scale.

Therefore, option C is correct.

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. Write short note on any three (3) of the following a. Programme decision b. Non-Programme decision c. Decision matrix​

Answers

Programme decision: A program decision is a decision that affects or is affected by a program, and may be a decision to implement, modify, or terminate a program.

Non-programme decision: A non-program decision is a decision that is not related to a program, and may include decisions related to policies, procedures, operations, staffing, and resources.

Decision matrix: A decision matrix is a tool that is used to evaluate and prioritize options based on a set of criteria.

Programme decision: A program decision is a decision that affects or is affected by a program, and may be a decision to implement, modify, or terminate a program. These decisions are often made at the strategic level, and have a significant impact on the organization's mission, goals, and objectives. Non-programme decision: A non-program decision is a decision that is not related to a program, and may include decisions related to policies, procedures, operations, staffing, and resources. These decisions are often made at the operational level, and have a direct impact on the day-to-day operations of the organization. Decision matrix: A decision matrix is a tool that is used to evaluate and prioritize options based on a set of criteria. The matrix provides a visual representation of the decision-making process, and can be used to compare options based on their relative strengths and weaknesses. The decision matrix can be used to facilitate group decision-making, and can help to ensure that decisions are based on objective criteria rather than personal biases or preferences.

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​Carter-Pierce Investments specializes in​ low-risk government bonds.
Required
Identify each of​ Carter-Pierce's transactions as operating​ (O), investing​ (I), financing​ (F), non-cash investing and financing​ (NIF), or a transaction that is not reported on the statement of cash flows​ (N). Indicate whether each item increases​ (+) or decreases ​(​) cash. The indirect method is used for operating activities.
NIF
a.
Acquisition of building by cash payment


b.
Decrease in merchandise inventory


c.
Depreciation of equipment


d.
Decrease in accrued liabilities


e.
Payment of cash dividend


f.
Purchase of long-term investment


g.
Issuance of long-term note payable to borrow cash


h.
Increase in prepaid expenses


i.
Accrual of salary expense


j.
Acquisition of equipment by issuance of note payable


k.
Sale of long-term investment


l.
Issuance of common shares for cash


m.
Increase in accounts payable


n.
Amortization of intangible assets


o.
Loss on sale of equipment


p.
Payment of long-term debt


q.
Cash sale of land


r.
Repurchase of common shares


s.
Net income

Answers

Answer:

Operating cash Activities relate to transactions that have to do with the daily operations of the business such as accounts receivables, payables and stock.

Investing cash activities relate to transactions that have to do with the capital expenditure of the company such as fixed assets and securities in other companies.

Financing relates to those transactions relating to how the business finances its operations which includes equity and capital.

Anything that would require cash to be spent is reducing the balance and anytime cash comes in, the balance is increased.

Decrease in current asset is an increase because it means less cash was spent to acquire the asset.

Decrease in current liability is a decrease because it means that the company paid cash to reduce the liability.

Amortization and Depreciation add to the Operating balance because they are none cash items that were removed from Net income.

a. Acquisition of building by cash payment ⇒ INVESTING (+).

 

b.  Decrease in merchandise inventory ⇒ OPERATING (+).

 

c.  Depreciation of equipment ⇒ OPERATING (+).

d.  Decrease in accrued liabilities ⇒ OPERATING (-)

e.  Payment of cash dividend ⇒ FINANCING (-).

f.  Purchase of long-term investment ⇒ INVESTING (-).

g.  Issuance of long-term note payable to borrow cash ⇒ FINANCING (+).

h.  Increase in prepaid expenses ⇒ OPERATING (-).

i.  Accrual of salary expense ⇒ OPERATING (+).  

j.  Acquisition of equipment by issuance of note payable. NIF

k.  Sale of long-term investment. ⇒ INVESTING (+).

 

l.  Issuance of common shares for cash. ⇒ FINANCING (+).

m.  Increase in accounts payable. ⇒ OPERATING (+).

n.  Amortization of intangible assets ⇒ OPERATING (+).

o.  Loss on sale of equipment ⇒ OPERATING (-).

p.  Payment of long-term debt. ⇒  FINANCING (-)

q.  Cash sale of land. ⇒ INVESTING (+)

r.  Repurchase of common shares. FINANCING (-).

s.  Net income. ⇒ OPERATING(+).


When oligopolies act jointly as a monopoly, they are acting as a:

Answers

Answer:

Misread the first time. It would be a cartel.

When oligopolies act jointly as a monopoly, they are acting as a cartel.

What is an oligopoly ?

A market structure known as an oligopoly occurs when a few large sellers or manufacturers control a sizable portion of a market or an entire sector. The aim to maximize profits frequently creates oligopolies, which can result in corporate collaboration.

In oligopolies, profit-maximizing competitors plan their moves by carefully observing how their rivals are likely to respond. Under these circumstances, businesses may differentiate their products, which may be advantageous to some consumers but at a cost.

A cartel is a group of separate companies or organizations that band together to fix prices on goods or services. Cartels, which compete against one another in the same market, aim to lessen that competition by coordinating price controls.

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Is the source document an original or duplicate and give a reason for your answer?

Answers

Answer:

A source document is the original document that contains the details of a business transaction. A source document captures the key information about a transaction, such as the names of the parties involved, amounts paid (if any), the date, and the substance of the transaction.

A small ice cream business earns $26538 profit during the two months of July and August. This represents 35% of the annual profit. Find the annual profit. Round to the nearest whole number.

Answers

Let the annual profit be x.

profit earned in July and August is 35% of the annual profit

=> $26538 = 35% of x

=> $26538 = (35/100) × x

=> $26538 × (100/35) = x

=> $2653800/35 = x

=> $530760/7 = x

So, the profit is $530760/7.

The annual profit is $75,823.

Given that,

Two months profit is $26,538.This two month profit represents 35% of annual profit.We need to find annual profit.

According to the scenario, computation of the given data are as follows,

Let annual profit be X.

So, X \(\times\) 35% = 26,538

X = 26,538 \(\div\) 0.35

X = 75,822.86 or 75,823

Hence annual profit = $75,823.

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importance of constitutional law to Ghana's development​

Answers

The importance of constitutional law to Ghana's development is it establishes the structure, procedures, powers and duties of the government, structure of the judiciary and legislature, and spells out the fundamental rights and duties of citizens.

What is constitutional law?

It is body of law based on a ratified constitution or similar formative charter dealing with the fundamental principles by which a government exercises its authority. The the body of rules, doctrines, and practices that govern the operation of political communities is known as constitutional law.

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What is globalization?

Answers

Answer:

the process by which businesses or other organizations develop international influence or start operating on an international scale.

in other words

the process where businesses or organizations begin spreading internationally

Explanation:

Before filing a consumer complaint, you should
A. write a negative review
B. threaten legal action
C. gather documentation
D. consult a lawyer

Answers

gather documentation.
if you don’t have proof no one will believe you

1. Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $84,200. The machine's useful life is estimated at 10 years, or 386,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 32,600 units of product. Determine the machine's second-year depreciation and year end book value under the straight-line method.
2. Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $84,200. The machine's useful life is estimated at 10 years, or 386,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 32,600 units of product. Determine the machine's second-year depreciation using the double-declining-balance method.

Answers

Answer:

1) Determine the machine's second-year depreciation and year end book value under the straight-line method.

depreciation expense per year = (purchase cost - salvage value) / useful life

depreciation expense per year = ($84,200 - $7,000) / 10 = $7,720

book value at the end of year 2 = $84,200 - ($7,720 x 2) = $68,760

2) Determine the machine's second-year depreciation using the double-declining-balance method.

depreciation year 1 = 2 x 1/10 x $84,200 = $16,840

depreciation year 2 = 2 x 1/10 x $67,360 = $13,472

book value at end of year 2 = $67,360 - $13,472 = $53,888

A brand promise is the overlap between what a company does best and what customers _______. Fill in the blank

Answers

The brand promise is the overlap between what a company does best and what customers expect from them. It represents the unique value proposition that a company offers to its customers, which helps to build trust and loyalty with them.

A brand promise is the statement or commitment made by a company to its customers, which reflects what the company does best and what customers expect from them. It is the foundation of the brand and helps to build trust and loyalty with customers. The brand promise represents the unique value proposition that a company offers to its customers, which differentiates it from its competitors. The blank space in the question refers to what customers want or need from the company. Customers expect companies to deliver on their promises, provide high-quality products or services, and create positive experiences that meet their expectations. Therefore, the brand promise should align with the needs, wants, and expectations of the target audience. To create a strong brand promise, companies need to understand their customers' needs and wants, and also assess their strengths and weaknesses. By doing so, they can develop a promise that meets customer expectations and aligns with their core competencies. This will create a unique selling proposition that will differentiate them from competitors and build long-term relationships with customers. In summary, the brand promise is the overlap between what a company does best and what customers expect from them. It represents the unique value proposition that a company offers to its customers, which helps to build trust and loyalty with them. By creating a strong brand promise, companies can differentiate themselves from competitors and build long-term relationships with their customers.

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In 2018, Southwestern Corporation completed the treasury stock transactions listed below.

February 2: Reacquired 67,000 shares at $11.70.
March 17: Sold 17,000 treasury shares at $13.85.
May 17: Sold 22,000 treasury shares at $7.85.

Southwestern had issued 100,000 shares of its $1 par common stock for $10 several months ago. Prepare the journal entries to record the above transactions.

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