Answer:
Explanation:
Considering the graph in the attached image, at point A, the economy was in the equilibrium, after an increase in the inflation target, the Ad curve will shift to the AD2. At this point the price is P* and the output is Y'. The new equilibrium is At B.
In the scenario given in the question, the worker will demand a higher wage as the real wages decline.
An increase in the wage will act as a negative supply shock and the demand curve will shift to the left i.e. SRAS2. The output will decrease and the price will increase. The new output will be at Y and equilibrium at C.
Therefore, increasing the inflation target will only increase the demand in the short run, and only increase the price in the market in the long run.
Answer:
The amount that will recognize under amortization expenses is $2600.
Explanation:
The first step here would be to calculate the amortization expenses for the first 4 years of the patent, here will use straight line depreciation method,
Formula - original value of asset / useful life in years
- $26,400 / 12
- $2200
Now for the 4 years this amount would become $2200 x 4 = $8800
The amount of amortization for the first half of 2017 ( up to 30 June ) would be-
= half of full year expenses
= $2200 / 2
= $1100
So up to 30 June 2017, the expenses are $9900 ( $8800+$1100), So the new book value would be = $26,400 - $9900
= $16,500
In this $16,500 we will add the amount of legal fees, so the total would be -
$16,500 + $6000
= $22,500
The next step is to divide this value by remaining useful; years which is 7.5,
$22,500 / 7.5
= $3000
Now we will divide this amount by 2 because we have to take out expense for remaining last 6 months of 2017
$3000 / 2
= $1500
Adding the expenses for first and second half of 2017 to take out total amortization expense of 2017 -
$1100 + $1500
= $2600
Answer:
The Correct Statement is the Second Statement. Effective speaker look consider the nature and the needs of audience and then decide the type of visual aid.
Explanation:
Multimedia slides are extremely useful, and often helps in various ways to deliver your message. There is no doubt in it.
However, you can't say multimedia slides are the "one best way" to present.
In certain cases, depending on the audience, you might not need and multimedia slide at all!
Maybe you'll just have to use your body language, act out a drama or even sing a song to convey the message to the audience.
And apart from that, it the times of technical failures, where you cannot use the computer or any electrical devices, you'll have to use traditional methods too.
Moreover, if the audience is not "tech-savvy" and are more of a traditional nature, then traditional or pen and paper based methods might just work out!
Answer:
Effective speaker look consider the nature and the needs of audience and then decide the type of visual aid.
i did this on ede 2020
Answer:
The markup percentage is 40%
Explanation:
The computation of the markup percentage is shown below:
Markup percentage is
= Return on investment ÷ Total cost
= ($2,200,000 × 16%) ÷ ($430,000 + $450,000)
= $352,000 ÷ $880,000
= 40%
Hence, the markup percentage is 40%
We simply applied the above formula
And, the same is to be considered
Sales would be ignored in this case
Answer:
Each firm sets it price equal to its average total cost.
Explanation:
In economic theory, perfect competition is a market with a large number of sellers and buyers, producing similar products and having a small market share that does not affect prices. Let's explain the characteristics of the perfect competition :
1) manufacturers of identical products. . .
Products in the perfect competitive market are completely substitute. In other words, products and services offered by vendors do not differ from one another in terms of quality or character.. . .
2) the firm has a small market share that will not affect prices. . .
No vendor in this market has the ability to influence prices by increasing or decreasing production. Also, no buyer can reduce the supply of goods and lead to lower prices
3)Market where there are many buyers and sellers. . .
The above feature is directly related to this. Thus, if there is a seller or buyer in the market (such as monopoly or monopsony), it can easily affect the market price. However, in perfect competition, every seller and buyer must act based on market prices.
4)There is no obstacle to entering and leaving the market. . .
That is, access to the market is extremely easy and at the same time neither the state nor the old market participants have a barrier for the new participant.
5)Perfect information. . .
Every market participant knows the prices, quality and production methods.
6) Zero transaction costs...
Buyers and sellers do not bear any transaction costs (contract costs, etc.) during the purchase of goods and services. . .
7) Maximizing profits. . .
In a highly competitive market, the main purpose of firms is to maximize their profits, without any serious obstacles. In a fully competitive market, maximum profits are earned when marginal costs are equal to marginal revenue.
As you see there is information above about the easy entry and exit, the identical products and maximizing profits but nothing about the equal prices to average costs.
1. yes it is a competitive market because it meets all the assumptions of being a competitive market
2. no because there is no free entry in the market
3. no because there are only limited sellers in the market
4. no because the product is not homogeneous.
Explanation:
Competitive market is a kind of market which has in it various sellers involved who are selling the same kind of product that is the product in the competitive market is homogeneous in nature.
The entry and the exit of the sellers in this kind of market is not restricted and they are allowed to have free entry and exit in the market. The number of sellers is also large.
Interest Revenue 1,900
Net Sales Revenue 130,000
Cost of Goods Sold 81,000
Administrative Expenses 8,500
Required:
Prepare the multi-step income statement for the year ended December 31, 2018.
Solution and Explanation:
the following is the income statement for the year ending
Saturn motorcycle's
Income statement
year ending december 31, 2018
Particulars Amount
net sales revenue 130000
Less: cost of goods sold 81000
gross profit 49000
Less: operating expense:
Selling expenses 10400
adminstartive expenses 8500
Total operating expenses 18900
operating profit 30100
Non operating revenues ( expenses)
add: interest revenue 1900
total other revenue 1900
net income 32000
Note: every amount is in dollars
To prepare the multi-step income statement for Saturn Motorcycle for the year ended December 31, 2018, subtract the cost of goods sold from the net sales revenue to get the gross profit. Then, add the selling expenses and administrative expenses to get the operating expenses. Finally, add the operating income and other income to get the net income.
To prepare the multi-step income statement for Saturn Motorcycle for the year ended December 31, 2018, we need to include key components such as net sales revenue, cost of goods sold, selling expenses, administrative expenses, and interest revenue. Here is the breakdown:
The multi-step income statement for Saturn Motorcycle for the year ended December 31, 2018 is as follows:
Saturn Motorcycle Income Statement
Net Sales Revenue$130,000Cost of Goods Sold$81,000Gross Profit$49,000Operating Expenses$18,900Operating Income$30,100Other Income$1,900Net Income$32,000
#SPJ3