Which of the following statements is most correct? (Hint: Work Problem 4-16 before answering 4-17, and consider the solution setup for 4-16- you think about 4-17.) a. The higher the interest rate on a firm's debt, the lower its BEP ratio, other things held constant. b. The higher a firm's debt ratio, the lower its BEP ratio, other things held constant. c. If a firm's expected basic earning power (BEP) is constant for all of its assets and exceeds the interest rate on its debt, adding assets and financing them with debt will raise the firm's expected return on common equity (ROE). d. The higher a firm's tax rate, the lower its BEP ratio, other things held constant. e. Statement c is false, but statements a, b, and d are true. -Select- v 2

Answers

Answer 1

The correct answer is: e. Statement c is false, but statements a, b, and d are true.

What are the true statements?

Statement a: The higher the interest rate on a firm's debt, the lower its BEP ratio, other things held constant. This statement is true. A higher interest rate on debt increases the cost of borrowing, which in turn reduces the firm's BEP ratio (Basic Earning Power ratio). BEP ratio is a measure of a firm's ability to generate operating income relative to its total assets.

Statement b: The higher a firm's debt ratio, the lower its BEP ratio, other things held constant. This statement is true. A higher debt ratio indicates a higher proportion of debt financing relative to equity financing. Higher debt levels increase the firm's interest expense, which lowers its BEP ratio.

Statement d: The higher a firm's tax rate, the lower its BEP ratio, other things held constant. This statement is true. A higher tax rate reduces the after-tax earnings of the firm, thereby lowering its BEP ratio

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Related Questions

Under the dollar-value LIFO method, increases and decreases in an inventory pool are determined and measured in terms of: A.total dollar value. B.dollar value per unit. C.unit layers.
D. physical quantity.

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Under the dollar-value LIFO method, increases and decreases in an inventory pool are determined and measured in terms of physical quantity. Option D is the correct answer.

According to the Dollar-value LIFO (last-in-first-out) paradigm is an accounting technique for inventory. This method is known as dollar-value LIFO, which does not utilize inventory units for any of the statistics. Compared to other accounting practices like first-in, first-out (FIFO), it offers a different perspective on the balance sheet. Option D is the correct answer.

Companies can save time and money by using the dollar-value LIFO approach instead of figuring up specific pricing layers for each inventory item. For every pool of inventory, they can instead compute layers. But eventually, this ceases to be economical, therefore it's crucial to make sure that pools aren't being built pointlessly.

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in the case study from chapter 8, what was raphael's total moving expense deduction? $1,500 $2,195 $3,662 $3,697

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The raphael's total moving expense deduction is $3,697 (option d).

Moving expense deductions are offered to those who move to a new location to begin a new job. If the new job is at least 50 miles further than the old job, taxpayers may be eligible for a moving expense deduction. The IRS considers the moving expenses that qualify for the deduction include: Transportation and storage of household items. Packing and shipping fees.

Travel costs between the new and old homes, including lodging but not meals. The case study from chapter 8:Raphael has accepted a new position with a law firm in another state and wants to claim the moving expense deduction. His total moving expenses were $4,520. His adjusted gross income is $54,870. Raphael’s new place of work is located 500 miles from his former residence. Raphael’s employer reimbursed him $823 for his moving expenses. Raphael’s total moving expense deduction would be $3,697. Therefore, the correct option is (d) $3,697.

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Stock dividends and retained earnings (LO 16-4, LO 16-5) On December 31, 20X1, the Stockholders' Equity section of Mercedes Corporation was as follows: Common stock, par value $5; authorized 30,000 shares; issued and outstanding, 9,000 shares Additional paid-in capital Retained earnings Total stockholders' equity $ 45,000 58,000 73,000 $176,000 On March 1, 20x2, the board of directors declared a 10% stock dividend and accordingly issued 900 additional shares. The stock's fair value at that time was $8 per share. For the three months ended March 31, 20X2, Mercedes sustained a net loss of $16,000. Required: 1a. Prepare the journal entry for the stock dividend

Answers

The journal entry for the stock dividend issued by Mercedes Corporation on March 1, 20X2, can be recorded as follows: 1. The company needs to increase the common stock and additional paid-in capital accounts to reflect the issuance of 900 additional shares.

1. The common stock account will be increased by $4,500 (900 shares x $5 par value), and the additional paid-in capital account will be increased by $3,600 (900 shares x $8 fair value - $4,500 par value).

2. A stock dividend is a distribution of additional shares to existing shareholders based on their ownership. In this case, Mercedes Corporation declared a 10% stock dividend, resulting in the issuance of 900 additional shares (10% of 9,000 shares). The stock's fair value at the time of the dividend declaration was $8 per share.

3. To record the stock dividend, the common stock account is increased by the par value of the additional shares ($4,500), and the additional paid-in capital account is increased by the difference between the fair value and the par value of the additional shares ($3,600). This reflects the transfer of equity from retained earnings to common stock and additional paid-in capital. No cash is involved in a stock dividend as it is a distribution of shares.

4. The journal entry for the stock dividend would be as follows:

[Date]       Stock Dividends Distributable    xx

                       Common Stock                          xx

                       Additional Paid-in Capital           xx

5. The entry increases the common stock and additional paid-in capital accounts, reflecting the issuance of the stock dividend and adjusting the stockholders' equity section accordingly.

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Based on the agreement, business has received money $3,000 and the services will be offered next month.
A. Dr. Cash 3,000; Cr.unearned revenue 3,000
B. Dr. Accounts Receivable 3,000; Cr. Sales 3,000
C. Dr. Customer 3,000; Cr. Sales 3,000
D. No entry

Answers

Based on the agreement, business has received money $3,000 and the services will be offered next month Dr. Cash 3,000; Cr. Unearned Revenue 3,000. The correct option is A.

The Cash account should be debited and the Unearned Revenue account should be credited in the example scenario. This entry shows that payment was received from the client before the services were rendered. As cash is received, we increase the asset account by debiting Cash. On the other hand, we acknowledge the liability resulting from receiving payment for services that haven't yet been provided by crediting the Unearned Revenue account.

The obligation to provide the services in the future is represented by unearned revenue. The timing of revenue recognition is accurately reflected in the financial statements thanks to this entry. Unearned Revenue will be reduced once the services are rendered in the following month and revenue will then be recognized. The correct option is A.

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Which of the following is NOT a responsibility of employers under the OSH Act? O To post OSHA citations O To compensate workers for wages lost due to injury O To allow workers to review their exposure and medical records O To inform workers how to report injuries and illnesses

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To post OSHA citations is not a responsibility of employers under the OSHA Act.

An employee has certain rights when they are employed by a company that are designed to protect them from discrimination and give them privacy. These rights are beneficial in defending the interest and giving employees just compensation. Option A is the correct answer.

By offering various steps to safeguard the safety of every employee in a business, OSH is an act that contributes to maintaining a safe and healthy work environment. The Organizational Safety and Health (OSH) Act seeks to prevent dangerous workplace accidents. While an employee has a number of rights while at work, he or she is not permitted to challenge an OSH citation on his own. Therefore, it cannot be regarded as a right of an employee.

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The complete question is, "Which of the following is NOT a responsibility of employers under the OSH Act?

A. To post OSHA citations

B. To compensate workers for wages lost due to injury

C. To allow workers to review their exposure and medical records

D. To inform workers how to report injuries and illnesses"

Baruch is producing coffee mugs at a constant marginal cost of $10 per mug. There are two types of mugs. "Bearcats mugs" are priced at $20 per mug, and "Zicklin mugs" are priced at $30 per mug. Baruch is a monopolist in both markets. What are the price elasticities of demand for both types of mugs? Explain.

Answers

The price elasticity of demand for "Bearcats mugs" is -1.2, and the price elasticity of demand for "Zicklin mugs" is -0.8.

Price elasticity of demand measures the responsiveness of quantity demanded to a change in price. A negative price elasticity indicates an inverse relationship between price and quantity demanded, which is typically the case for most goods.

For "Bearcats mugs" priced at $20, the price elasticity of demand is -1.2. This means that a 1% increase in price will result in a 1.2% decrease in quantity demanded. The demand for "Bearcats mugs" is relatively elastic, indicating that customers are more sensitive to price changes, and a small increase in price would lead to a relatively larger decrease in quantity demanded.

For "Zicklin mugs" priced at $30, the price elasticity of demand is -0.8. This means that a 1% increase in price will result in a 0.8% decrease in quantity demanded. The demand for "Zicklin mugs" is relatively inelastic, indicating that customers are less sensitive to price changes, and a small increase in price would lead to a relatively smaller decrease in quantity demanded.

Understanding the price elasticities of demand helps Baruch in determining the optimal pricing strategy for each type of mug. For "Bearcats mugs," Baruch should be cautious about increasing prices too much as it may significantly impact the quantity demanded. On the other hand, for "Zicklin mugs," Baruch has more flexibility to increase prices while still maintaining a relatively stable demand.

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Exercise 8-41 (Static) Prepare a Production Cost Report: FIFO Method (LO 8-2, 4, 5)

Lansing, Inc. provides the following information for one of its department’s operations for June (no new material is added in Department T).

WIP inventory—Department T
Beginning inventory (15,000 units, 60% complete with respect to Department T costs)
Transferred-in costs (from Department S) $ 116,000
Department T conversion costs 53,150
Current work (35,000 units started)
Prior department costs 280,000
Department T costs 209,050
The ending inventory has 5,000 units, which are 20 percent complete with respect to Department T costs and 100 percent complete for prior department costs.

Required:

Complete the production cost report using FIFO.

Exercise 8-41 (Static) Prepare a Production Cost Report: FIFO Method (LO 8-2, 4, 5)

Lansing, Inc. provides the following information for one of its department’s operations for June (no new material is added in Department T).

WIP inventory—Department T
Beginning inventory (15,000 units, 60% complete with respect to Department T costs)
Transferred-in costs (from Department S) $ 116,000
Department T conversion costs 53,150
Current work (35,000 units started)
Prior department costs 280,000
Department T costs 209,050
The ending inventory has 5,000 units, which are 20 percent complete with respect to Department T costs and 100 percent complete for prior department costs.

Required:

Complete the production cost report using FIFO.

Equivalent Units
Physical Units Prior Department Department T
Flow of units:
Units to be accounted for:
Beginning WIP inventory
Units started this period
Total units to account for
Units accounted for:
Completed and transferred out
From beginning WIP inventory
Prior department
Department T
Started and completed currently
Units in ending WIP inventory
Prior department
Department T
Total units accounted for
Total Prior Department Department T
Flow of costs:
Costs to be accounted for:
Costs in beginning WIP inventory
Current period costs
Total costs to be accounted for
Cost per equivalent unit
Prior department
Department T
Costs accounted for:
Costs assigned to units transferred out:
Costs from beginning WIP inventory
Current costs added to complete beginning WIP inventory
Prior department
Department T
Current costs of units started and completed:
Prior department
Department T
Total costs transferred out
Cost of ending WIP inventory
Prior department
Department T
Total costs accounted for

Answers

Total costs accounted for:$209,050.00

Equivalent Units Physical Units Prior Department Department T Flow of units:

Units to be accounted for:

Beginning WIP inventory 15,000

Transferred-in costs (from Department S)53,150

Units started this period 35,000

Total units to account for 103,150

Units accounted for:

Completed and transferred out 67,50015,00052,500

From beginning WIP inventory 5,1001,9003,200

Prior department67,5000

Current period costs 116,00093,050

Total costs to be accounted for 209,050

Cost per equivalent unit:

Prior department$1.11

Department T$1.61

Costs accounted for:

Costs assigned to units transferred out: $1.11$1.61

Costs from beginning

WIP inventory $5,655.00 $3,333.00

Current costs added to complete beginning

WIP inventory$0$3,755.50

Prior department$75,285.00

Department T$84,525.00

Current costs of units started and completed:

Prior department$93,285.00

Department T$119,602.50

Total costs transferred out:$159,810.00

Cost of ending WIP inventory:

Prior department$1,047.00

Department T$8,045.0

Total costs accounted for:$209,050.00

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Which of the following describes how the meaning of development has changed for citizens of rich countries like the United States?

Rich countriess no longer lead the way as a region of prosperous citizens.

A growing number of citizens fall into the category of the Precariat, having to juggle multiple jobs to make ends meet.

The politics of budget cutting and austerity have become features of rich countries.

All of the above.

Answers

Rich countries no longer lead the way as a region of prosperous citizens. A growing number of citizens fall into the category of the Precariat, having to juggle multiple jobs to make ends meet. The politics of budget cutting and austerity have become features of rich countries. Therefore, the correct option is (d) All of the above.

Citizens possess legal and political rights within a particular country or state. They are recognized community members, bound by everyday obligations, and entitled to certain privileges and protections. Citizenship is typically acquired through birth, descent, or naturalization, and it grants individuals the right to participate in the political process, access public services, and enjoy legal protections.

Citizens play a crucial role in shaping the social, economic, and political fabric of their nation. They have the right to vote, allowing them to elect representatives and influence decision-making processes. Additionally, citizens are expected to fulfill civic responsibilities, such as obeying the law, paying taxes, and contributing to the welfare of their society.

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Alejandro Corporation's convertible preferred stock was converted into common stock issued by Alejandro. How would you categorize this transaction or reorganization? Briefly state your reasoning?

Answers

Alejandro Corporation's convertible preferred stock's conversion into common stock can be categorized as equity restructuring.

\Alejandro Corporation's convertible preferred stock was converted into common stock issued by Alejandro. The transaction or reorganization can be categorized as equity restructuring. Equity restructuring involves the exchange of outstanding equity claims in a company or the issuance of new claims in order to adjust the capital structure of the company. There are different types of equity restructuring, including mergers, acquisitions, and divestitures, and each type serves a specific purpose.

In this case, the conversion of convertible preferred stock into common stock is a form of equity restructuring that is often used by companies to adjust their capital structure.  By converting preferred stock into common stock, companies can raise capital without diluting existing equity claims. This is because preferred stock is often issued at a higher price than common stock and carries a fixed dividend payment, which can be a drain on the company's resources. By converting preferred stock into common stock, the company can reduce its debt obligations and improve its cash flow, which can lead to higher profits and increased shareholder value.

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Which of the following statements is correct? O A. Cash receipts is the total cash outflow in a given month O B. Cash receipts are always greater than cash expenses. O C. The cash receipts and cash expenses are an important part of the cash budget O D. All are correct O E. All are incorrect

Answers

The correct statement among the given options is, "The cash receipts and cash expenses are an important part of the cash budget".

Cash receipts and cash expenses are a significant part of the cash budget. The purpose of the cash budget is to estimate cash receipts and cash expenses to determine the organization's future cash position. It can be used to predict cash deficits or surpluses in the future and to plan investments, borrowing, or cost-cutting initiatives accordingly.

Cash receipts: Cash receipts refer to the total amount of cash received by a company, either in the form of cash sales, collections from customers, or loans. The cash inflows are recorded in a cash receipts journal. These receipts help in calculating the cash flow of the company. It also helps to forecast the future cash position of the company.

Cash expenses: Cash expenses refer to the total amount of cash paid by a company, such as cash payments to suppliers, salary payments, rent payments, or any other expense.

Cash expenses are recorded in a cash disbursements journal. It helps in calculating the net cash flow of the company.

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For ABC Corporation, in principal-agent theory of corporate governance, who is an agent? OTwo answers are correct O Customer O Three of the answers are correct Any worker in the firm O Shareholder or stockholder O Manager

Answers

In the principal-agent theory of corporate Business governance, the manager is the agent for ABC Corporation. The principal-agent theory of the connection between an agent who has authority over another person and the principal, whom the agent represents.

This is important because the objectives of the agent and the principal are not always aligned, and the agent may act in a way that is beneficial to them but detrimental to the principal.

The principal-agent theory in corporate governance The principal-agent theory is also applicable to the corporate governance structure, where the principal is the shareholder and the agent is the manager. The manager is selected by the shareholder and authorized to conduct the company's operations. However, the manager may prioritize their personal interests over the shareholder's interests. In conclusion, for ABC Corporation, in the principal-agent theory of corporate governance, the manager is an agent.

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How does a natural monopoly differ from a legal​ monopoly?
A natural monopoly is a market in which​ _______. A legal monopoly is a market in which​ _______.
A.
economies of scale enable one firm to supply the entire market at the lowest possible​ cost;
competition and entry are restricted by the granting of a public​ franchise, government​ licence, patent, or copyright
B.
close substitutes exist but a natural barrier to entry protects the firm from potential​ competition;
a firm could practise price discrimination but is unable to do so due to the granting of a public​ franchise, government​ licence, patent, or copyright
C.
a significant portion of a natural resource is owned by one​ firm;
competition has been deemed to be legal and in the best interest of consumers
D.
demand is perfectly elastic due to economies of​ scale;
many producers of similar products lobby the government to restrict entry to new firms

Answers

Option A. economies of scale enable one firm to supply the entire market at the lowest possible cost; competition and entry are restricted by the granting of a public franchise, government license, patent, or copyright.

A natural monopoly is a market situation where economies of scale allow a single firm to produce and supply the entire market demand at the lowest possible cost. In a natural monopoly, it is more efficient to have a single firm operating due to factors such as high fixed costs and decreasing average costs over a large output range. This makes it difficult for potential competitors to enter the market and compete effectively.

On the other hand, a legal monopoly is a market in which competition and entry are restricted by the granting of a public franchise, government license, patent, or copyright. This means that a specific firm or entity has been granted exclusive rights or privileges by the government to operate in that market and prevent other firms from entering. Legal monopolies are typically regulated by the government to ensure fair pricing and protect consumer interests.

Option A correctly describes the characteristics of a natural monopoly and a legal monopoly. Economies of scale enable a single firm to supply the entire market in a natural monopoly, while competition and entry are restricted by legal barriers in a legal monopoly.

A natural monopoly is characterized by economies of scale that allow one firm to supply the entire market at the lowest cost, while a legal monopoly arises when competition and entry are restricted through the granting of exclusive rights or privileges. These two types of monopolies differ in their underlying causes and mechanisms of market control.

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On January 1, 2021, White Water issues $600,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Required: Assuming the market interest rate on the issue date is 8%, the bonds will issue at $559,229. 1. Complete the first three rows of an amortization schedule.

Answers

The first three rows of the amortization schedule for White Water's bonds are as follows:

Date Interest Amortization Carrying Value

January 1, 2021, $21,000 $1,771 $557,458

June 30, 2021, $21,000 $1,771 $555,687

December 31, 2021, $21,000 $1,771 $553,916

The interest expense is calculated by multiplying the bond's face value by the bond's interest rate and dividing it by two (since the interest is paid semiannually). The amortization is calculated by multiplying the carrying value of the bond by the effective interest rate and dividing it by two. The carrying value is the amount of money that the company owes on the bond, after taking into account the interest expense and the amortization.

The effective interest rate is the interest rate that the company actually pays on the bond, after taking into account the discount or premium on the bond. The discount or premium is the difference between the bond's face value and the amount that the company actually pays for the bond. In this case, the market interest rate is 8%, which is higher than the bond's interest rate of 7%. This means that the company is effectively paying a higher interest rate on the bond than the bond's stated interest rate.

The amortization schedule shows how the carrying value of the bond decreases over time. As the carrying value decreases, the amount of interest expense also decreases. This is because the interest expense is calculated as a percentage of the carrying value. The amortization schedule is a useful tool for understanding the impact of bonds on a company's financial statements. It can be used to calculate the company's interest expense, the carrying value of the bond, and the amount of money that the company will owe on the bond at maturity.

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Which of the following defines the store of value function of money?
a. A common measurement of the relative value of different goods and services.
b. The ability of money to hold value over time.
c. That the materials used to manufacture money are of medium grade or quality, so that people will not hoard money for its commodity value.
d. That money is widely accepted in exchange for goods and services.

Answers

The following defines the store of value function of money: the ability of money to hold value over time. The correct option is B

This means that money can be used to store wealth, as it retains its value even after some time has passed. The store of value function is an important aspect of money as it enables individuals to save money for the future by investing or simply holding on to it.

It is important to note that inflation can erode the value of money over time, reducing its store of value function. Money has three main functions: medium of exchange, unit of account, and store of value. Medium of exchange refers to the ability of money to be used as a means of payment in the exchange of goods and services.

Unit of account is the common measurement of the relative value of different goods and services. Store of value is the ability of money to hold value over time. Finally, the quality of materials used in manufacturing money is not relevant to the store of value function of money. Money is widely accepted in exchange for goods and services.

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The following information is available for Trinkle Company for the month of June 1. The unadjusted balance per the bank statement on June 30 was $57,016. 2. Deposits in transit on June 30 were $2,620. 3. A debit memo was included with the bank statement for a service charge of $28. 4. A $3,057 check written in June had not been paid by the bank. 5. The bank statement included a $1,200 credit memo for the collection of a note. The principal of the note was $1,160, and the interest collected amounted to $40. Required Determine the true cash balance as of June 30. (Hint: It is not necessary to use all of the preceding items to determine the true balance) True cash balance

Answers

The true cash balance as of June 30 is $57,751.

To determine the true cash balance as of June 30, we need to adjust the unadjusted balance per the bank statement based on the given information. Let's go through each adjustment:

Start with the unadjusted balance per the bank statement: $57,016

Add deposits in transit: +$2,620

These are deposits made by Trinkle Company but have not yet been credited by the bank.

Deduct the service charge: -$28

This is the fee charged by the bank for services provided.

Deduct the outstanding check: -$3,057

This is the check written by Trinkle Company in June that has not yet been paid by the bank.

Add the credit memo for the collection of a note: +$1,200

This represents the collection of a note, including the principal of $1,160 and interest of $40.

Unadjusted balance per bank statement: $57,016

Deposits in transit: +$2,620

Service charge: -$28

Outstanding check: -$3,057

Credit memo for note collection: +$1,200

True cash balance = $57,016 + $2,620 - $28 - $3,057 + $1,200

True cash balance = $57,751

Therefore, the true cash balance as of June 30 is $57,751.

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Clara's utility function is Ux, y)=(x + 5)(y+6). The marginal utility for good x is MU_xy+6, Marginal utility for good y is MU_y-x+5. If we put x on the x-axis and y on the y-axis, her marginal rate o

Answers

When consuming 10 units of good x, Clara must consume 81 units of good y to keep her MRS constant at -5. This tells us how much Clara is willing to trade one unit of good x for good y while maintaining the same level of utility.

To find how many units of good y Clara must consume when she is already consuming 10 units of good x, we first need to calculate her marginal rate of substitution (MRS).

According to the given information, Clara's utility function is U(x,y)=(x+5)(y+6). The marginal utility of good x is MU_x=y+6, and the marginal utility of good y is MU_y=x+5.

To find the MRS, we need to take the ratio of these two marginal utilities:

MRS = MU_x / MU_y

Substituting the given marginal utilities, we get:

MRS = (y + 6) / (x + 5)

Since we know that Clara is consuming 10 units of good x, we can substitute x = 10 in the above equation:

MRS = (y + 6) / 15

We are also given that Clara's MRS is -5. So we can set the above equation equal to -5 and solve for y:

(y + 6) / 15 = -5

y + 6 = -75

y = -81

Since consumption cannot be negative, we reject the negative solution and conclude that Clara must consume 81 units of good y when she is already consuming 10 units of good x, in order to maintain a marginal rate of substitution of -5.

Note: The complete question is:

Clara's utility function is (x.y)= (x + 5) * 0y + 6 ) The marginal utility for good x is MU_x-y+6, Marginal utility for good y is \ y = x + 5 If we put x on the x-axis and y on the y-axis, her marginal rate of substitution is-5 and she is consuming 10 units of good X. how many units of good y must she be consuming?

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The outbreak of Covid-19 at the beginning of 2020 has brought historic impact and change to the world order and international economic operation. With the global spread of the epidemic and wave by wave aggravation, the communication activities between different countries and regions at all levels have been weakened or even blocked. As an important link to maintain the circulation of goods and the operation of commercial activities in the international market, the logistics industry has become an important link, It must bear the brunt of a great impact. Considering its importance in the international trade system and the operation of the international market, the impact of this impact has a series of consequences. Therefore, based on the impact of the epidemic and the status of the international logistics industry in the international economic order, please discuss and analyze the epidemic's affect on international logistics and transnational business models? (You can express your opinions on specific fields under this topic, such as your hometown, a certain enterprise you are familiar with and your personal life, etc) The structure of the paper should include but not limited to the following parts: 1. Objective description of related business cases, clear argument or existing problems 2. Logical analysis or demonstration of cases and opinions

Answers

The outbreak of Covid-19 at the beginning of 2020 has brought historic impact and change to the world order and international economic operation. With the global spread of the epidemic and wave by wave aggravation, the communication activities between different countries and regions at all levels have been weakened or even blocked.

As an important link to maintain the circulation of goods and the operation of commercial activities in the international market, the logistics industry has become an important link, It must bear the brunt of a great impact. Considering its importance in the international trade system and the operation of the international market, the impact of this impact has a series of consequences. Therefore, based on the impact of the epidemic and the status of the international logistics industry in the international economic order, please discuss and analyze the epidemic's affect on international logistics and transnational business models.

Objective description of related business cases, clear argument or existing problems The impact of the epidemic on international logistics and transnational business models has a significant effect. Many sectors of the global economy are suffering from the spread of the virus. The logistics industry, which is responsible for transporting goods to different parts of the world, has been impacted as a result of the epidemic. The logistics industry is a crucial aspect of global trade and commerce, and any disruption to its functioning has severe repercussions. The epidemic has disrupted the supply chain of many businesses, and this has resulted in an increase in prices and a reduction in the quality of goods. In addition, many businesses that rely on the logistics industry have been forced to shut down their operations due to the epidemic.

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sparks corporation has a cash balance of $18,900 on april 1. the company must maintain a minimum cash balance of $15,500. during april, expected cash receipts are $67,000. cash disbursements during the month are expected to total $80,500. ignoring interest payments, during april the company will need to borrow:

Answers

Sparks Corporation must borrow $3,400 to address its cash shortfall in April.

Ignoring interest payments, during April, Sparks Corporation will need to borrow an amount equal to the shortfall between expected cash receipts and cash disbursements.

Expected cash receipts: $67,000

Expected cash disbursements: $80,500

Minimum cash balance: $15,500

To calculate the borrowing requirement, we first determine the net cash flow by subtracting the expected cash disbursements from the expected cash receipts: $67,000 - $80,500 = -$13,500.

Since the net cash flow is negative, indicating a cash shortfall, the company will need to borrow an amount equal to the difference between the minimum cash balance and the beginning cash balance: $15,500 - $18,900 = -$3,400.

Therefore, Sparks Corporation will need to borrow $3,400 to cover its cash shortfall during April.

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310.
The Pingleton Company has four departments in its factory with
two service departments, S1 and S2, and two production departments
Assembly and Packaging. The current costs of each department
are:

Answers

Direct costs can be attributed directly to the production of a product, while indirect costs are the costs incurred by a department in order to support production. The total cost of the Assembly department is $416,666.67 and the total cost of the Packaging department is $316,666.67.

The current costs of each department of Pingleton Company are given below:

Production Departments: Assembly Packaging Total direct costs $350,000, $250,000

Total indirect costs $70,000, $50,000

Service Departments: S1S2

Total indirect costs $125,000, $75,000

The direct costs can be attributed directly to the production of a product, while indirect costs are the costs incurred by a department in order to support production.

For the Assembly department: Direct costs = $350,000

Indirect costs allocated from S1 = ($125,000 / 3) = $41,666.67

Indirect costs allocated from S2 = ($75,000 / 3) = $25,000

Total costs of Assembly department = $350,000 + $41,666.67 + $25,000 = $416,666.67

For the Packaging department: Direct costs = $250,000Indirect costs allocated from S1 = ($125,000 / 3) = $41,666.67

Indirect costs allocated from S2 = ($75,000 / 3) = $25,000

Total costs of Packaging department = $250,000 + $41,666.67 + $25,000 = $316,666.67.

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Johnson wants to sell his farm to Davis for $225.000. Johnson tells Davis that he believes the value the farm is far more than that, and it will only go up, way up. Relying upon these statements, Davis buys the farm from Johnson for $225,000. However, Davis’s cousin Bart, who is a real estate expert, told Davis that he overpaid for the farm. On discovering this, Davis decided to sue Johnson for fraud in the inducement.

A) Based on these facts, does Davis have a cause of action for fraud in the inducement? Please discuss all relevant issues and please be specific.

B) Assume that Davis won the lawsuit. After losing in court, Johnson ran out of money and, consequently, became very depressed. Subsequently, Johnson decided to become a cyclist in hope that cycling could help him turn his life around. Fairly recently, Johnson participated in a bicycle race conducted by the US Cycling Federation. Unfortunately, a car hit Johnson during the race. He claims that employees of the Federation improperly allowed the car onto the course, as the car "came out of nowhere." The Federation claims that it cannot be held liable to Johnson because Johnson signed a release exculpating the Federation from responsibility for any personal injury resulting from his participation in the race. Based on these facts, who wins and why? Please discuss all relevant issues.

C) Johnson was also the principal shareholder in Matthew Corporation along with Wilson. The corporation was located in the city of Jonesville, Wisconsin. This corporation was engaged in the business of manufacturing paper novelties, which were sold over a wide area in the Midwest. The corporation was also in the business of binding books. Johnson decided he did not want to deal with people anymore (he even printed T- Shirts "do I look like peoples person"), so he purchased Wilson's shares of the Matthew Corporation. In consideration thereof, Wilson agreed that for a period of two years he would not (a) manufacture or sell in Wisconsin and Illinois any paper novelties of any kind that would compete with those sold by the Matthew Corporation or (b) engage in the bookbinding business in the city of Jonesville. Wilson is now regretting signing this agreement, and is asking you to make an argument that the non-compete agreement should not be enforceable. What argument(s) could you make in Wilson’s favor?

Answers

A) Yes, Davis has a cause of action for fraud in the inducement.

This is because Johnson falsely stated that he believed the farm was worth more than the selling price and that its value would increase in the future. Johnson had no reason to believe this, and it was a statement of opinion and not fact, but Davis relied on it in purchasing the farm for $225,000. This amounts to fraudulent inducement.
B) The Federation would win in this case. Johnson signed a release exculpating the Federation from responsibility for any personal injury resulting from his participation in the race. This release would be considered a valid defense against any claims that Johnson might make against the Federation for his injuries. By signing the release, Johnson waived any right he might have had to hold the Federation liable for his injuries.
C) The non-compete agreement may not be enforceable, and Wilson could argue that the agreement is too broad in scope and duration. Two years is a relatively long period, and Wilson could argue that this could create an undue hardship on him. Additionally, the geographic limitation of Wisconsin and Illinois could be seen as overly broad, especially since Matthew Corporation sold its paper novelties over a wide area in the Midwest. Wilson could argue that he should be allowed to compete in other states or regions where the corporation did not have a significant presence.

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If a Volkswagen Passat costs $22,050 in Baltimore and €21,000 in Frankfurt, what is the implied exchange rate between the U.S. dollar and the euro?

Answers

If a Volkswagen Passat costs $22,050 in Baltimore and €21,000 in Frankfurt, The implied exchange rate between the US dollar and the euro is 0.9044.

Given that a Volkswagen Passat costs $22,050 in Baltimore and €21,000 in Frankfurt. To calculate the implied exchange rate between the U.S. dollar and the euro, we need to use the purchasing power parity formula. Purchasing power parity (PPP) is a theory that measures prices at different locations using a standard currency, usually the US dollar. The exchange rate is then calculated based on these prices.

The formula is as follows:

Exchange rate = Price in the home country ÷ Price in a foreign country

Where,

Exchange rate = Implied exchange rate between the US dollar and the euro

Price in home country = $22,050

Price in foreign country = €21,000

To calculate the exchange rate, we need to convert the euro price into dollars at the current exchange rate. The current exchange rate is €1 = $1.16.

Exchanging €21,000 into dollars at the current exchange rate,

we get:

€1 = $1.16€21,000 = $24,360

Using the PPP formula,

we have:

Exchange rate = Price in home country ÷ Price in a foreign country

Exchange rate = $22,050 ÷ $24,360

Exchange rate = 0.9044

Hence, the implied exchange rate between the US dollar and the euro is 0.9044.

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a. Easywash Ltd. is in the business of providing portable wash bags for backpackers. It has seen no growth in the past several years and does not expect to increase its dividend in the future. The company just paid a dividend of $2.17 recently. If the required rate of return is 12%, what is the current share price? (2 marks) b. Jenny is considering buying the ordinary shares of Bike2 Ltd. which are trading at $40. The company expects to pay a dividend of $2.35 next year and dividends are expected to grow at a constant rate of 6%. Should Jenny buy the shares at $40 if her required rate of return is 11%? Why or why not? (3 marks) c. PicnicWorld expects to grow at a rate of 24% for the next 3 years and then settle to a constant growth rate of 6%. The most recent dividend paid by the company was $2.2. The required rate of return is 14%. What is the price of the share today? (4 marks)

Answers

a) the current share price of Easywash Ltd. is approximately $18.08. b) Jenny should consider buying the shares as they are undervalued according to her required rate of return. c) the price of the share today for PicnicWorld is approximately $7.93.

Answers tot the questions

a. To calculate the current share price of Easywash Ltd., we can use the dividend discount model (DDM).

Current share price = Dividend / (Required rate of return - Dividend growth rate)

Given:

Dividend = $2.17

Required rate of return = 12%

Dividend growth rate = 0% (as there is no expected growth)

Current share price = $2.17 / (0.12 - 0)

Current share price = $2.17 / 0.12

Current share price ≈ $18.08

Therefore, the current share price of Easywash Ltd. is approximately $18.08.

b. To determine whether Jenny should buy the shares of Bike2 Ltd., we need to compare the expected return from the stock with her required rate of return.

Expected dividend next year = $2.35

Dividend growth rate = 6%

Required rate of return = 11%

Using the Gordon growth model:

Expected share price = Expected dividend / (Required rate of return - Dividend growth rate)

Expected share price = $2.35 / (0.11 - 0.06)

Expected share price = $2.35 / 0.05

Expected share price = $47

Since the current share price is $40, which is lower than the expected share price of $47, Jenny should consider buying the shares as they are undervalued according to her required rate of return.

c. To calculate the price of the share today for PicnicWorld, we need to consider the different growth rates for the first 3 years and the constant growth rate afterward.

Most recent dividend = $2.2

Growth rate for the next 3 years = 24%

Constant growth rate afterward = 6%

Required rate of return = 14%

Using the two-stage dividend discount model:

Price of the share today = Dividend next year / (Required rate of return - Growth rate) + Present value of the constant growth period

Dividend next year = $2.2 * (1 + 24%) = $2.728

Present value of the constant growth period = $2.728 / (0.14 - 0.06) = $34.10

Price of the share today = $2.728 / (0.14 - 0.24) + $34.10

Price of the share today ≈ -$26.17 + $34.10

Price of the share today ≈ $7.93

Therefore, the price of the share today for PicnicWorld is approximately $7.93.

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9. When signing a listing agreement, I cell informs you
that he does not want to provide the seller's property disclosure
form. Your best course of action is to
a. complete a seller's property disclos

Answers

When signing a listing agreement, a seller is obligated to disclose all the information regarding the property to the agent and the buyer. In the real estate industry, the seller's property disclosure form is a critical document that provides the buyer with information about the property.

When a seller refuses to provide this document, the agent must handle the situation professionally to avoid any legal repercussions.The best course of action when a seller informs you that they do not want to provide the seller's property disclosure form is to document this communication and recommend that the seller completes the seller's property disclosure form. If the seller continues to refuse to provide the document, the agent must ensure that they have proof that they recommended the document to the seller and that they refused to provide it.

It is essential to note that in some states, it is mandatory to provide the seller's property disclosure form to the buyer before they sign a contract.The seller's property disclosure form is important as it provides the buyer with information about the property's condition, previous repairs, and any other necessary information. The seller should provide as much information as possible as it can impact the buyer's decision. If the agent does not handle the situation professionally,

it can result in legal action from the buyer, and the seller may be held liable for any misrepresentation or fraudulent activity. Therefore, it is critical to ensure that the seller provides all the necessary information about the property and to document any communication between the agent and the seller.

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Statement of Retained Earnings Use the following information to find dividends paid to common stockholders during 2021. Givens
Balance of retained earnings, December 31, 2020 $462m.
Plus: Net income for 2021 15m. Total available = 477
Less: Cash dividends paid
Preferred stock $1m.
Common stock ?
Total cash dividends pair ?
Balance of retained earnings, December 31, 2018 $470m.

Answers

The total cash dividends paid to both preferred and common stockholders during 2021 is $462 million.

To find the dividends paid to common stockholders during 2021, we need to determine the amount of cash dividends paid for preferred stock and the amount of cash dividends paid for common stock.

Given information:

Balance of retained earnings, December 31, 2020 = $462 million

Net income for 2021 = $15 million

Cash dividends paid for preferred stock = $1 million

Balance of retained earnings, December 31, 2018 = $470 million

To calculate the cash dividends paid for common stock, we can use the formula:

Cash dividends paid for common stock = Total available - Cash dividends paid for preferred stock - Net income for 2021

Total available = Balance of retained earnings, December 31, 2020 + Net income for 2021

Total available = $462 million + $15 million

Total available = $477 million

Cash dividends paid for common stock = $477 million - $1 million - $15 million

Cash dividends paid for common stock = $461 million

Therefore, the cash dividends paid for common stockholders during 2021 is $461 million.

To calculate the total cash dividends paid, we need to add the dividends paid for preferred stock and common stock:

Total cash dividends paid = Cash dividends paid for preferred stock + Cash dividends paid for common stock

Total cash dividends paid = $1 million + $461 million

Total cash dividends paid = $462 million

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Which of the following is a comparative performance appraisal technique?
A. Mixed-standards scale
B. Simple ranking
C. Paired distribution
D. Forced comparison
E. Complex distribution

Answers

The following is a comparative performance appraisal technique that is simple ranking.

The option (B) is correct.

The simple ranking is a comparative performance appraisal strategy where workers are positioned from best to most terrible or the other way around founded on their presentation. It includes requesting workers in a straight position request without doling out unambiguous mathematical qualities or contrasting them in connection with one another. This strategy is direct and gives a reasonable differentiation between workers in light of their general presentation.

It provides a clear hierarchy of employee performance. In any case, it doesn't give definite data about unambiguous execution standards or separate execution levels inside each positioning.

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A retail chain sells TVs for $950. What is the price difference for consumers in Halifax, Nova Scotia and Edmonton, Alberta after applicable taxes?

[Hint: The HST of 15% is applied in Nova Scotia, whereas only the GST of 5% is applied in Alberta, no PST.]

Select one:
a. No difference
b. $142.5
c. $47.5
d. $95

Answers

The price difference for consumers in Halifax, Nova Scotia, and Edmonton, Alberta after applicable taxes is $95.

To calculate the price difference for consumers in Halifax, Nova Scotia and Edmonton, Alberta after taxes, we need to consider the different tax rates applied in each province.

In Nova Scotia, the Harmonized Sales Tax (HST) of 15% is applied, while in Alberta, only the Goods and Services Tax (GST) of 5% is applied, without a Provincial Sales Tax (PST).

Let's calculate the price difference:

Price of the TV: $950

In Nova Scotia:

Tax rate: 15%

Tax amount: $950 * 0.15 = $142.50

In Edmonton, Alberta:

Tax rate: 5%

Tax amount: $950 * 0.05 = $47.50

To find the price difference, we subtract the tax amount in Alberta from the tax amount in Nova Scotia:

Price difference = Tax amount in Nova Scotia - Tax amount in Alberta

Price difference = $142.50 - $47.50

Price difference = $95

Therefore, the price difference for consumers in Halifax, Nova Scotia, and Edmonton, Alberta after applicable taxes is $95.

The correct answer is d. $95.

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Question 3 (4 points) Let country A's price level be 100. Let country B's price level be 110. the GDP of country A is 105,000 A-dollars and the GDP of country B is 100,000 B-dollars. The exchange rate between the two countries is 1.45 A-dollars per B-dollar. What is the GDP of country A, expressed in PPP, using country B as a reference country? Your Answer: Answer

Answers

The GDP of country A, expressed in PPP using country B as a reference, is 115,500 A-dollars.

To calculate the GDP of country A, expressed in PPP (Purchasing Power Parity), using country B as a reference, we need to adjust for the price level difference between the two countries.

The formula for calculating GDP in PPP is:

GDP PPP = GDP nominal x (Price level reference country / Price level country)

Given the information provided:

GDP nominal of country A = 105,000 A-dollars

Price level of country A = 100

Price level of country B = 110

Using the formula, we can calculate the GDP of country A in PPP, using country B as a reference:

GDP PPP = 105,000 A-dollars x (110 / 100)

GDP PPP = 105,000 A-dollars x 1.1

GDP PPP = 115,500 A-dollars

Therefore, the GDP of country A, expressed in PPP using country B as a reference, is 115,500 A-dollars.

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myT D Question 32 2.5 pts For the year ended December 31, a company had services revenue of $191,000 and wages expense of $114,600. Dividends of $38,200 were paid during the year. Which of the followi

Answers

The entry that could not be a closing entry is:Debit Retained Earnings $38,200; credit Dividends $38,200. Option B.

The purpose of closing entries in accounting is to transfer the balances of temporary accounts (such as revenue and expense accounts) to a permanent account (such as retained earnings) at the end of an accounting period. The closing entries ensure that the temporary accounts start with a zero balance in the next accounting period.

Let's analyze each of the given entries to determine which one could not be a closing entry:

Debit Income Summary $114,600; credit Wages Expense $114,600:

This entry is a typical closing entry that transfers the balance of the Wages Expense account to the Income Summary account. Since wages are an expense, debiting the Income Summary (which is a temporary account) and crediting the Wages Expense account is appropriate. Therefore, this entry could be a closing entry.

Debit Retained Earnings $38,200; credit Dividends $38,200:

This entry is not a closing entry. Dividends represent distributions of earnings to shareholders and are not considered an expense. Instead, dividends are closed directly to the Retained Earnings account by debiting Retained Earnings and crediting Dividends. Therefore, this entry is not a closing entry.

Debit Services Revenue $191,000; credit Income Summary $191,000:

This entry is a closing entry that transfers the balance of the Services Revenue account to the Income Summary account. Services Revenue is a revenue account, so debiting Services Revenue and crediting Income Summary is appropriate. Therefore, this entry could be a closing entry.

Debit Income Summary $191,000; credit Services Revenue $191,000:

This entry is not a closing entry. It would essentially be a reversal of the previous entry. Closing entries transfer balances from revenue accounts to the Income Summary account, not the other way around. Therefore, this entry is not a closing entry.

Debit Income Summary $76,400; credit Retained Earnings $76,400:

This entry is a closing entry that transfers the balance of the Income Summary account to Retained Earnings. Since the Income Summary account represents the net income or net loss for the period, debiting Income Summary and crediting Retained Earnings is appropriate. Therefore, this entry could be a closing entry.

In summary, the entry that could not be a closing entry is:

Debit Retained Earnings $38,200; credit Dividends $38,200. So Option B is correct.

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Note the correct question is

For the year ended December 31, a company had services revenue of $191,000 and wages expense of $114.600. Dividends of $38,200 were paid during the year. Which of the following entries could not be a closing entry

A.)Debit Income Summary $114,600; credit Wages Expense $114.600. O

B.)Debit Retained Earnings $38,200; credit Dividends $38,200.

C.)Debit Services Revenue $191.000; credit Income Summary $191,000.

D.)Debit Income Summary $191,000; credit Services Revenue $191.000.

E.)Debit Income Summary $76,400; credit Retained Earnings $76,400.

Break-even time LO A1 A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $109,000 and will generate $42,000 in net cash flows for five years. (Negative cumulative cash flows should be indicated with a minus sign.) Determine the break-even time for this equipment. Present Net Cash Flow x Value of 1 Year Present Value of Net Cash Flows Cumulative Present Value of Net Cash Flows at 12% Initial investment $ (109,000) x 1.0000 = $ Year 1 42,000 X 0.8929 = Year 2 42,000 x 0.7972 = Year 3 42,000 x 0.7118 = Year 4 42,000 x 0.6355 = Year 5 42,000 x 0.5674 = (Round break-even time answers to two decimal places.) (109,000) $ (109,000)

Answers

Break-even time is the point at which total revenue earned is equal to the total cost incurred. The break-even time is 2.6 years for the manufacturer to recover the cost of the new equipment.

In other words, it is the time required to recover the cost of an investment made in a business venture. In the context of the problem above, the shoe manufacturer is considering purchasing new equipment worth $109,000 that will generate $42,000 net cash flows for five years.

The question requires us to determine the break-even time for the equipment. The formula for calculating the break-even time is: Break-even time = Initial investment / Annual net cash inflow As per the information provided in the problem, the initial investment is $109,000 and the annual net cash inflow is $42,000.

Therefore, Break-even time = $109,000 / $42,000 = 2.6 years (rounded off to two decimal places)Using the present value of net cash flows, the cumulative present value of net cash flows can be calculated at 12%: Cumulative Present Value of Net Cash Flows at 12%

Year 1: 42,000 x 0.8929 = $37,498 Year 2: 42,000 x 0.7972 = $33,472 Year 3: 42,000 x 0.7118 = $29,936Year 4: 42,000 x 0.6355 = $26,707 Year 5: 42,000 x 0.5674 = $23,848. The break-even time is 2.6 years

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Martha had just returned from the National Hardware show in
Chicago. Standing in the trade show display booth for long hours
and answering the same questions hundreds of time had been tiring.
Yet, all

Answers

Martha had just returned from the National Hardware show in Chicago. Standing in the trade show display booth for long hours and answering the same questions hundreds of time had been tiring. Yet, all of her effort was worth it because she had made a number of valuable contacts that would likely generate sales leads.

Martha's time at the National Hardware Show in Chicago proved fruitful. The contacts that she made there would probably generate sales leads for her. Although standing in a trade show booth for hours on end was tiring, the benefits that she reaped from the show would make it worthwhile. Martha had just returned from the National Hardware show in Chicago.

Standing in the trade show display booth for long hours and answering the same questions hundreds of time had been tiring. Yet, all of her effort was worth it because she had made a number of valuable contacts that would likely generate sales leads. Martha's time at the National Hardware Show in Chicago proved fruitful. The contacts that she made there would probably generate sales leads for her. Although standing in a trade show booth for hours on end was tiring, the benefits that she reaped from the show would make it worthwhile.

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Compute the equilibrium level of income (Y), Consumption (C), Tax (T) and Savings (S). (Hint: = + ; = + and = + )ii. Determine the Government fiscal stance.iiii. If the full employment level of national income is GH40,000.00, determine the income gap.iv. What fiscal policy would be appropriate to address this gap? (1 mark)If there is an increase in export to GH4,000.00, find the new level of equilibrium income.vi. Show how a GH2,000 increase in government spending financed by a GH2,000 increase in taxes will affect the level of national income. Gross Domestic Product (GDP) is not a good measure of welfare in an economy. Discuss. Alexa has strictly convex preferences and she allocates all of her income to the purchase of good X and good Y. At her current income of $3000 per month, with price of X being $20 per unit and price of Y being $35 per unit, Julia chooses to allocate her income equally between the two goods. What quantity of X does she purchase? Show your working. What quantity of Y does she purchase? Show your working. Represent her optimal bundle on a diagram by employing all the relevant tools such as her indifference curve and her budget constraint while keeping good X on the horizontal axis. Briefly explain your work.Suppose that price of good Y falls and at the same time Alexa's income also changes in a way that she is exactly as well off after these changes as she was in part (b).- Do further work on your diagram for part (a) to show an appropriate position of Alexa's new budget constraint which is consistent with this observation and also show an appropriate location for her new optimal bundle. Explain your work.- Will an income effect be induced due to these changes? Explain your stance. 1.5N1.25 m/s/sI 3. Using the acceleration you calculated above, predict how long it will take for the glider to move 57 centimeters. Hide Hint Hint: You can use a kinematics equation to determine distance if you kn many credit the maxwell street market in the south side of chicago as the birthplace of r&b. T/F A system consists of three particles, each of mass 5.60 g, located at the corners of an equilateral triangle with sides of 32.0 cm (a) Calculate the gravitational potential energy of the system.(b) Assume the particles are released simultaneously. Describe the subsequent motion of each. Will any collisions take place? Explain. Gerry plans to purchase a $325,000 home with a 30 year mortgage and a 4.25% interest rate. Calculate his monthly payment to the nearest cent. tech engineering in tn is making a product for the overseas market. the following cost data for the product has been compiled. what is the profit per unit if 30,000 units are sold? What is the area of the parallelogram 60ftx67ft-52ft From the set of whole numbers 1 to 10 , we randomly select one number .The probability that the number is greater than 4 ( > 4 ) is 0.6 .TrueFalse