The payment for one-year lease and the related adjusting entry in order to recognize rent expense in an accounting equation is shown below.
Maine Corporation
The Accounting equation for the year of 2016 is shown
Event Cash Prepaid rent = Common stock
Retained earnings
Paid rent in advance ($10,100) $10,100 =
Adjusted rent expenses ($8,383) = ($8,383)
Total ($10,100) $1,717 = $8,383
Shown below is the calculation of adjusted rent expense -
The adjusted rent expenses = The prepaid rent × No. of months /Total months in a year.
= $10,100 × 10 / 12
=$8,383
Hence, so the adjusted rent expenses are $8,383.
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Alex purchases a computer from dell to be delivered via fed ex. Dell delivers the computer to fed ex to be shipped to alex. During the delivery, the fed ex driver is having a bad day and just throws the boxes out the window of the delivery truck rather than setting the box by the front door as is standard practice. While throwing the computer it is damaged. Would dell be responsible for the damage to the computer?.
No, Dell will not be responsible for the damage to the computer because the title transfers to the buyer once the good is delivered to a common carrier.
When we make a purchase from a brand, such as Dell, they change the title to the one who bought the product at the time when they send out a product for delivery.
Usually, for delicate products, it is the responsibility of the delivery company to take care of the product. Other delivery companies take extra charges for the delivery of delicate products and take extra charges.
Hence, in the above scenario, Dell will not be responsible for the damage of the computer. It would be upon fed ex to either accept the damage if care was asked for during delivery of Alex will be responsible for the damage.
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just-in-time is a philosophy of manufacturing based on the planned elimination of all waste and continuous productivity improvement. just-in-time is a philosophy of manufacturing based on the planned elimination of all waste and continuous productivity improvement. true false
The statement ' just-in-time is a philosophy of manufacturing based on the planned elimination of all waste and continuous productivity improvement' is true.
In the field of manufacturing, just-in-time can be described as an organized process in which suppliers tend to produce supplies only when they are needed by producers to make a product.
By the just-in-time method, the waste that is not required is reduced to minimal and also is continuously eliminated.
Just-in-time methods in the production of efficiency in a business and the production process are continuously improved due to this.
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capital inflows into a country are associated with: a small amount of funds available for domestic investment. exports exceeding imports. imports exceeding exports. imports equaling exports.
Capital inflows into a country are associated with imports that are exceeding exports.
So, the correct option is C.
Net purchases of domestic assets by non-residents are referred to as capital inflows (defined as the difference between purchases and sales). Capital outflows are equivalent to net foreign asset acquisitions made by domestic actors other than the central bank. When a capital influx is the consequence of domestic reforms, a boom in the stock market, or low foreign interest rates, usually, a domestic boom goes along with it (an exception arises if it is caused by high domestic interest rates resulting from the tight monetary policy).
Exchange rates, interest rates, foreign exchange reserves, local monetary circumstances, savings, and investment opportunities are only a few of the many economic factors that are impacted by capital movements.
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when are issuers more likely to call an outstanding bond issue? when interest rates are higher than they were when the bonds were issued when interest rates are lower than they were when the bonds were issued
Answer:When intrest rates are lower than they were when the bonds were issued.
Explanation:Issuers are more likely to call a bond issue if rates have fallen significantly since the bonds were issued (The issuer often sets the call price). Suppose a firm issued bonds at par, initially selling for the face value of $1,000, when rates were 10% (Coupon Rate = Yield to Maturity (YTM) = 10%). Remember that the interest rate a firm pays on its debt depends on a number of internal and external factors. Suppose rates have fallen to 6% after five years. If the bonds have a call provision, the firm probably would elect to call them, because it can issue new 6% coupon bonds and use the proceeds to buy back the outstanding bonds. In those circumstances, the firm’s interest expense per bond would fall from $100 per bond to $60 per bond.
However, the firm must pay transaction costs to conduct this refunding operation. Therefore, it must make sure that the interest cost savings outweigh the transaction costs.
Alternatively, suppose rates have risen to 14% during that five-year period. If the firm called the bonds then, it would need to issue new 14% coupon bonds, which would increase its interest expense unnecessarily. The firm is paying 10% annual interest in a 14% annual interest world. The firm would not choose to pay higher interest rates for borrowed funds, which is what would happen if it called bonds in this situation.
the design and function of financial instruments, markets, and institutions are tied to the importance of information. describe the role played by information in each of these three pieces of the financial system.
Financial instruments: summarize essential information about the borrower, Financial markets: aggregate information from many sources and communicate it widely,
Financial instruments are either tradable assets or may alternatively be thought of as bundles of capital that can be traded. The majority of financial instrument types allow for the efficient movement and transfer of capital among investors throughout the world. These assets may consist of money, a contractual right to receive or deliver money or another sort of financial instrument, or documentation of ownership of a certain organization.
Financial instruments are papers that reflect a legal agreement including any type of monetary value, whether they are physical or digital. Financial instruments that are based on equity indicate asset ownership. Debt-based financial products mimic loans given by investors to asset owners.
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quizlet beth and bob martin have total take-home pay of $5,600 a month. their monthly expenses total $4,230. calculate the minimum amount this couple needs to establish an emergency fund.
The minimum amount Beth and Bob Martin need to establish an emergency fund is $12,690.
An emergency fund can be described as an amount of money that's set aside for expenses that are not planned and can be obtained quickly in emergency situations.
To establish an emergency fund, the minimum amount should be the expenses of three months. As the monthly expenses of this couple are $4230, therefore the monthly expenses for three months can be calculated by multiplying $4230 three times, which will also be the minimum amount needed for the emergency fund.
$4230 × 3 = $12,690
Hence, $12,690 is calculated to be the minimum amount this couple needs to establish an emergency fund.
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nasafi lumber paid an annual dividend of $1.37 per share yesterday. today, the company announced that future dividends will be increasing by 3 percent annually. if you require a return of 14.6 percent, how much are you willing to pay to purchase one share of this stock today?
The amount I would be willing to pay for one share of the stock today is $12.16.
How much would I be willing to pay for the share of stock?The amount that you would be willing to purchase one share of the stock today is determinant on the intrinsic value of the stock. The intrinsic value is the value of the stock that is dependent on the fundamentals of the firm.
The formula that can be used to determine the intrinsic value of the stock is known as the Gordon Constant growth model.
According to this model:
P = [D(1 + g)] / (r - g)
Where:
P = price of the stock D = dividend g = growth rate r = required rate of returnP = [1.37(1 + 0.03)] / (0.146 - 0.03)
P = (1.37 X 1.03) / (0.116)
P = $12.16
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diana acquires, for $65,000, and places in service a 5-year class asset on december 19, 2022. it is the only asset that diana acquires during 2022. diana does not elect immediate expensing under § 179. she elects additional first-year deprecation.
she elects additional first-year deprecation of 293,600 because with bonus depreciation she can write off 100%.
In accountancy, depreciation is a term that refers to 2 elements of the identical idea: first, the actual lower of fair cost of an asset, which includes the decrease in fee of manufacturing facility gadget every 12 months as it miles used and wear, and 2d, the allocation in accounting statements of the unique value of the property to periods in which the assets are used (depreciation with the matching precept). Assets for each accounting and tax purposes. The decrease in the cost of the asset influences the balance sheet of an enterprise or entity, and the technique of depreciating the asset, accounting-smart, influences the internet income, and hence the profits announcement that they report.
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Serafina, an advertising executive, is trying to figure out the best way to market a product that does not evoke a strong emotional, personal response from people. Her most effective strategy would be to adopt a campaign that focuses on.
An individual response from people for Serafina, an advertising executive. She would be best served by launching a campaign that emphasizes logical, fact-based arguments.
It can be beneficial to fact-based arguments your approach while facing a challenge. I'm referring to the fact that you back up your advertising executive arguments with facts and data. You'll be able to make wiser choices and find solutions to issues as a result. We'll talk about how to approach problem-solving with facts in this article.
To uncover the root of your fact-based arguments problem and avoid misdirecting your efforts toward a symptom, fact-based analysis entails examining and analyzing the issue at hand. You must advertising executive also assess potential solutions to make sure you use the most advantageous ones.
A proposed course of action's financial potential is evaluated using a cost-benefit analysis. Use it when outlining a plan that needs finance or when evaluating the return on an investment.
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10. during a war, food and clothing are rationed. in addition to a money price, a certain number of ration points must be paid to obtain a good. each consumer has an allocation of ration points which may be used to purchase either good, as well as a fixed money income. suppose the money income of a consumer rises and this person buys more food and less clothing. does it follow that food is a normal good? clothing as inferior good?
Income elasticity of food is positive, so it is a normal good. Income elasticity of clothing is negative, so it is an inferior good.
The term "income elasticity of demand" describes how sensitively consumers' real incomes are to changes in the quantity of a certain commodity they are willing to pay for.
Divide the percent change in quantity demanded by the percent change in income to find the income elasticity of demand. You may determine if a certain commodity is a necessity or a luxury by looking at the demand's elasticity of income.
Demand responsiveness to changes in consumer income is measured by income elasticity of demand.
Demand for a given good is more sensitive to changes in customers' income the higher its income elasticity of demand.
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financial information is presented below: operating expenses $ 42,000 sales returns and allowances 12,000 sales discounts 3,000 sales revenue 165,000 cost of goods sold 96,000 the amount of pretax income on the income statement would be
The pretax income in the income statement would be $12,000 after considering all the information given.
Net Income is calculated by subtracting operating expenses from gross income.
Particulars $
Sales Revenue 165,000
Sales Discount (3,000)
Sales returns and allowances (12,000)
Net Sales 150,000
Cost of Goods sold (96,000)
Gross Income 54,000
Operating Expenses (42,000)
Operating / Net Income 12,000
Sales are subtracted from cost of products sold, selling, overall and administrative expenditures, operational expenses, amortization, interest, taxes, and other expenditures to arrive at net income (NI), also known as net earnings. Investors can use net income number to figure out how significantly a company's revenue surpasses its costs.
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when a new competitor threatened to compete with your team’s product line, you noticed that your teammates started working together more effectively to counter this threat.
Group cohesiveness is the best performance factor that describes the above terminology.
Group cohesiveness is the ability of a team to work together in order to produce the desired objective.
When a team is threatened by a new competitor, it tends to focus more on work and also shows unity in reaching a goal.
A new competitor acts as an important contributor in unifying a team and pushing it to reach the desired objective. The team tries its best to work better than the competitor.
Although a part of your question is missing, you might be referring to this question:
Match each description with the corresponding group performance factor that best describes it.
When a new competitor threatened to compete with your team's product line, you noticed that your teammates started working together more effectively to counter this threat.
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High tea, a retail store, claims to sell a pack of 20 tea bags at a discounted rate of $20 from an advertised original price of $40. The original price was verified by regulators to be $25. The pricing strategy applied by high tea is an example of.
High tea, a retail store, claims to sell a pack of 20 tea bags at a discounted rate of $20 from an advertised original price of $40. The original price was verified by regulators to be $25. The pricing strategy applied by high tea is an example of deceptive pricing.
What is Deceptive Pricing?
Deceptive pricing is a strategy used by merchants to trick clients and prospects into believing they are paying less for goods. This strategy typically involves using "original," "former," or "normal" pricing quotes throughout the most of a season. Companies are not allowed to use such deceptive tactics when dealing with customers, according to the Federal Trade Commission.
The hospitality sector is frequently linked to deceptive pricing. Airlines may display decreased ticket pricing, but remove costs associated with checking bags, choosing a seat, paying taxes, and other expenses related to travel. Hotels do not include resort fees or local taxes in the accommodation rates they display.
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what corporate diversification strategy is being pursued by disney? what evidence do you have that supports your position?
Disney has a set of businesses that helps to create synergy or Economy of Scope among all of these businesses, This synergy helps Disney to train its professionals by knowledge sharing and bring efficiencies into its business by bringing expertise from multiple segments of the business.
An economic system is an area of production, distribution, and change, in addition to the consumption of products and offerings. In preferred, it's miles described as a social area that emphasize the practices, discourses, and fabric expressions related to the manufacturing, use, and control of scarce resources. A given economy is a hard and fast procedure that entails its culture, values, education, technological evolution, records, social business enterprise, political shape, legal systems, and natural assets as essential elements. Those elements deliver context, and content material, and set the conditions and parameters in which an economic system features. In other phrases, the economic domain is a social area of interrelated human practices and transactions that doesn't stand on its own.
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are usually a small number of organizational members who are facilitated by a consultant who poses questions and then allows for group discussion.
Focus groups are usually a small number of organizational members who are facilitated by a consultant who poses questions and then allows for group discussion.
A focus group is a group interview with a small number of demographically similar people or participants with other common characteristics/experiences. Their responses to specific questions from researchers/reviewers will be considered.
A focus group is a market research technique that gathers 6-10 of her people in a room to provide feedback on a product, service, concept, or marketing campaign. A trained facilitator conducts her 30-90 minute discussion within the group to gather useful information.
The primary purpose of focus group research is to elicit the respondent's attitudes, emotions, beliefs, experiences and reactions in the same way as any other method.
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According to the ucc, for the sale of goods that requires shipping, the presumption is that unless stated otherwise, the seller need only deliver the goods to __________ to complete performance.
According to the UCC, the seller is required to deliver the goods to the common carrier, unless stated otherwise, to complete the selling process of the goods that involve shipping.
According to the “shipment contract” of the UCC, a seller needs to provide the goods into the procession of the common carrier. By UCC rule, a common carrier is an enterprise or entity that transports goods from seller to buyer for a fee and makes its service available to the general public. Typical, examples of common carriers are taxi services, railroad, airlines, and, shipowners, etc.
The Uniform Commercial Code (“UCC”) defines a set of laws for all commercial and business transactions across all the US states. The UCC applies to the sales of goods and products that involve shipment. The UCC defines rules for both the seller and buyer.
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mark goes into a payday loan business seeking to get a loan on his 1976 ford pinto. the clerk takes his keys to go look at the pinto. the clerk returns and presents mark with their offer of a loan. mark is not happy paying 350% interest so he rejects the loan. the clerk tells mark that he has lost the keys and mark is not allowed to leave. the clerk actually had not lost the keys, but had been trained that such a scheme makes more people agree to accept a bad loan. what tort if any is the clerk committed? a. negligence b. battery c. no tort was committed d. false imprisonment
Mark is not permitted to leave after being informed by the clerk that he has lost the keys. The clerk would be falsely imprisoned if he were to be committed.
Mark is told by the clerk that he has lost the keys and is unable to leave. While it's true that the clerk didn't lose the keys, she was instructed to use this tactic because it encourages more individuals to accept poor loans. False incarceration arises when someone committed purposefully restricts the exercise of another person's freedom without that person's consent or any other legal justification.
Clerk used to trick the people. The clerk is purposefully limiting Mark's freedom of movement in the example mentioned above. He will be falsely imprisoned as a result. No tort was committed, negligence, and battery are incorrect choices.
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If you are looking for a larger, less personal, bank that handles businesses and corporations instead of individual accounts, you would need to choose which of the following?
The brokerage firm is the one that handles businesses and corporations instead of individual accounts. Brokerage companies serve as a conduit for their clients' transactions with the stock market.
On behalf of their clients, they mostly buy and sell financial instruments, including stocks. brokerage firm combine their resources to assist their clients in negotiating the rules of the stock market. The ideal illustration of a brokerage company is the online investment platform Robinhood. It makes it easier to trade a variety of the businesses securities, including derivatives and stocks. When clients bought shares of stocks on margin, brokers would get the interest.
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what is the difference between a book-value balance sheet and a market-value balance sheet? which provides better information to investors and management?
The net value of a company's assets as shown on its balance sheet is known as book value, and it generally equates to the total amount that all of the company's shareholders would get in the event of a liquidation. The market value of a firm is determined by the market capitalization, which is the sum of the market values of all of its outstanding shares.
What is the difference between the book value and the market value?The sum that shareholders would receive from a company's assets being sold off and its obligations being settled is known as its book value. The market value of a firm is its worth in the eyes of the markets, calculated using the stock's current price and the total number of outstanding shares.
There are two methods for valuing a company: book value and market value. While market value is based on a company's share price, which frequently fluctuates owing to stock market sentiment, book value is based on a company's balance sheet.
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what might be the consequences of market concentration for the agrochemical industry following the merger? what are the regulatory challenges and ethical concerns associated with an oligarchic market?
This merger posed an financial and political threat / new barrier to entry, which can have led to a plethora of chemical and seed selections being reduced.
The required details for Monsanto's merchandise in given paragraph
It ought to jeopardize biodiversity and purpose farmers to pay extra for merchandise made with the aid of using large corporations. The advent of Monsanto's merchandise and GMOs into new regions has felony repercussions because of the truth that they may be strictly prohibited in a few European countries. Agrochemical merchandise are the primary recognition of the social and cultural factors of the merger as a whole.
The merging of Bayer and Monsanto manner that presently four corporations own over 60 percentage of worldwide proprietary seed sales, which suggests how antitrust legal guidelines and oversight have didn't save you the expanded hegemony of mega-organizations within side the agrochemical enterprise. Seed enterprise organizations are regarded to offer much less selections and better fees for farmers, with the aid of using imposing seed patent rights, which ends up in much less innovation and expanded regulations on how seeds are applied and exchanged, which additionally limits seed range within side the marketplace and much less innovation and R&D.
This will even imply farmers may have little desire however to depend upon GMOs whilst there may be nevertheless now no longer sufficient records to calculate its results on human fitness and ecosystems.
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company manufactures pillows. the operating budget was based on production of pillows, with machine-hours allowed per pillow. budgeted variable overhead per hour was . actual production for was pillows using machine-hours. actual variable costs were per machine-hour. calculate the following: a. the budgeted variable overhead for b. the variable overhead spending variance c. the variable overhead efficiency variance
a. The budgeted variable overhead is $468,750.
b. The variable overhead spending variance is $38,100 Favorable
c. The variable overhead efficiency variance is $30,000 Favorable
What is variable overhead?Variable overhead is a cost of running a business that varies with operational activity. Variable overheads rise and fall in lockstep with production output. Overheads, such as administrative overhead, are often a set cost.
The variable manufacturing overhead controllable variance reflects how effectively the company stuck to its budget. The difference between the planned fixed overhead at normal capacity and the standard fixed overhead for the actual units produced is the fixed factory overhead volume variance.
a. The budgeted variable overhead for 2017 = Budgeted hours * Variable overhead rate per hour
= (25000*0.75)*$25 = $468,750
b. Variable overhead spending variance = (SR - AR) * AH = ($25 - $23) * 19050 = $38,100 Favorable
c. Variable overhead efficiency variance = (SH - AH) * SR = (27000*0.75 - 19050) * $25 = $30,000 Favorable
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humbert is the new manager of a division that has a lot of problems with personality conflicts and low morale. he decides to start with his division by trying to guide and encourage employees to work better as a team and to develop interpersonal relationships and cooperation. this style suggests humbert is at which stage of moral development? a. postconventional b. conventional c. preconventional d. supraconventional e. subconventional
Humbert has been hired as the new manager of a division that frequently experiences low morale. Humbert appears to be morally developed according to the norm, according to conventional stage.
The second stage of Kohlberg's stages of development, which explains how moral judgment and ethical reasoning evolve in people, conventional stage is referred to as the low morale conventional level. In order to highlight the development of moral reasoning in people, Kohlberg created six separate stages (three stages with two substages each).
Kohlberg based his work on the theories of Piaget. The pre-conventional stage, which normally ends by the age of nine, is conventional stage characterized by the absence of a personal moral code; instead, people merely follow or disobey the standards shown by their adult role models. Adolescence and adulthood are when the low morale conventional level, which is the second stage, takes place. In this phase, people start to internalize the moral standards of their adult role models and form their own particular moral codes.
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the current price of parador industries stock is $57 per share. current sales per share are $22.20, the sales growth rate is 8 percent, and parador does not pay a dividend. the expected return on parador stock is 11 percent. a. calculate the sales per share one year ahead.
The sales per share one year ahead is:
1. Sales per share = Current sales per share (1 + Growth Rate)
Sales per share = $22.2(1 + 0.08)
Sales per share = $23.98
2. Stock price one year ahead = Current price (1 + Required rate)
Stock price one year ahead = $57(1 + 0.11)
Stock price one year ahead = $63.27
P/S Ratio = Stock price one year ahead / Sale per share one year ahead
P/S Ratio = $63.27 / $23.98
P/S Ratio = 2.64.
A sale is a transaction among or extra events wherein items or offerings are exchanged for cash or different assets. In the monetary markets, a sale is a settlement among a purchaser and supplier concerning the charge of a safety and its shipping for agreed-upon compensation.
In popular enterprise operations, income refer to any transactions in which cash or fee is exchanged for the possession of an amazing or entitlement to a service. In an accounting context, income refers to a company's sales earned from the income of merchandise or offerings (internet income).
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Luis, a professional chef, has carefully developed a set of product attributes for his new line of seasoning mixes, such as the brand name, features/design, and quality level. Luis is developing the.
In a case whereby Luis, a professional chef, has carefully developed a set of product attributes for his new line of seasoning mixes, such as the brand name, features/design, and quality level, Luis is developing the actual product.
What is an actual product ?
The actual product can be described as the possesses that involves the physical appearance as well as the packaging, of products that is been done on the consumers.
It should be noted that in the case above we can see that developed a set of product attributes for his new line using the method.
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2.0% complete question tina made the following transfers during 2022: $17,000 to her grandson's law school for his tuition. $1,000 to her neighbor to help him pay a hospital bill. a transfer of property valued at $100,000 to a grat. tina retained an annuity valued at $40,000 and her daughter is the remainder beneficiary. what is the total amount of tina's taxable gifts for 2022?
Based on the transfers made by Tina including the tuition to her grandson, the hospital bill for the neighbor, the property transfers and the annuity, the total amount of Tina's taxable gifts in 2022 was $62, 000
How to find the total amount of taxable gifts?When it comes to the amount that Tina transferred to her grandson for law school tuition, tax laws say that the amount that is in excess of a limit of $15, 000 will be charged as taxable gifts which is:
= 17, 000 - 15, 000
= $2, 000
The $1, 000 that Tina gave to her neighbor for their hospital bill will not count towards taxable gifts.
The annuity that was retained by Tina will be subtracted from the value of the property that was transferred to GRAT which gives:
= 100, 000 - 40, 000
= $60, 000
The total taxable gifts are therefore:
= 60, 000 + 2, 000
= $62, 000
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9.true or false: the 2021 estate tax exemption is $12,060,000, the 2021 generation skipping tax exemption is $12,060,000 and the 2020 gift tax exemption is $11,700,000?
This is false that the 2021 estate tax exemption is $12,060,000, the 2021 generation skipping tax exemption is $12,060,000 and the 2020 gift tax exemption is $11,700,000.
An exemption is a sum of money that can be subtracted from a person's overall income to lower it. taxable earnings There are two types of exemptions that taxpayers may be able to claim: Personal exemptions, which normally allow taxpayers to claim themselves (and possibly their spouse).
The generation-skipping tax (GST), sometimes known as the generation-skipping transfer tax, forbids you from intentionally omitting your children from your estate plan in favor of younger generations in order to avoid any estate taxes that might be owed once your children pass away. Individuals will be exempt from GST taxes up to $11.7 million as of 2021, double that amount for married couples. The only value subject to that 40% tax is that which exceeds this exemption.
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in may 2021, whitney filed for divorce from her husband, michael. although they lived apart for the last six months of the year, their divorce is not yet finalized and they are still legally married. whitney does not wish to file a joint 2021 return, and she has no qualifying child or qualifying relative. what filing status should whitney use?
Whitney is not interested in filing a combined 2021 tax return. She lacks any eligible relatives or relatives who qualify. Married Filing Separately is what the Whitney should utilize.
A tax return is a form (or series of forms) submitted to a taxing body that lists income, expenses, and other crucial tax data. Tax returns give taxpayers the option to determine their tax obligations, plan out their payments, or ask for reimbursement for any taxes they have paid in excess of what is required. In the majority of nations, anybody or any business with taxable income, such as wages, interest, dividends, capital gains, or other earnings, is required to file tax returns annually.
Taxpayers determine their tax liability, plan their tax payments, and ask for refunds for any taxes they have paid in excess of what is required.
Most locations require that tax returns be filed once every year.
Typically, tax returns are completed using forms that have been mandated by the IRS or another appropriate entity.
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a u.s. firm identifies an opportunity to enter an emerging market and develop a product that will allow consumers to access broadband internet for free. the developing market has attracted limited foreign direct investment and the u.s. company would be an innovator in the country. what is the most likely advantage that this would provide for the firm?
First-mover advantage is the most likely advantage that this would provide for the firm.
The first-mover advantage refers to an advantage received through a corporation that first introduces a product or service to the market.
The first-mover advantage permits an organization to set up robust emblem popularity and product/provider loyalty before different entrants to the marketplace.
In the advertising approach, first-mover gain (FMA) is the aggressive advantage gained with the aid of the preliminary ("first-transferring") substantial occupant of a market segment.
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the market for gadgets is in equilibrium, with the price at $5 per unit and total sales being 1,000 gadgets per year. the elasticities of demand and supply at this equilibrium are estimated to be -0.7 and 2.0 respectively. find the new equilibrium price and quantity as a result of the imposition of a 15% excise tax.
Quantity at new equilibrium = 895
The term "equilibrium quantity" refers to the quantity at which the market's demand and supply of a product are in equilibrium. The intersection of aggregate demand and aggregate supply is the equilibrium quantity on a graph.
The new price of equilibrium is $5.75.
The new equilibrium value is 8.95.
Information provided:
The cost of equilibrium is $5 per unit.
Each year, 1,000 gadgets were sold all together.
At equilibrium, demand has an elasticity of -0.70.
At equilibrium, the elasticity of the supply is 2.
15% is the excise tax rate.
What does it mean to be in equilibrium?
A state of balance between opposing forces is also referred to as equilibrium. Additionally, equilibrium is a state of mental peace.
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answer each of the following questions regarding the market for labor in the fast-food industry. a. if wages in the retail industry increase (assume that the retail industry requires similar skills as the fast-food industry), the market supply curve
If wages in the retail industry increase it make the market supply curve for labour will move to the left.
In many of the markets we encounter, individuals such as you and I demand goods and services, and firms supply those goods and services. Although the labor market works in a similar way, the roles reverse. In the labor market, firms demand labor, and individuals such as you and I supply that labor.
The affect of labor market is just about everything that happens in the economy affects the labor market. Changes in the demand for goods and services, the size of the population and the minimum-wage rate can each have substantial impact on the job market.
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