Answer:
a)no. 2 wooden pencils - perfectly competitive market
b) copper - perfectly competitive market
c) Local public utilities- monopoly market
d) Peanut butter - monopolistic competitive market
e) Lipstick - monopolistic market
All no 2 pencils are identical each other. There are many sellers of pencils. And there's usually a general price for the pencils. Also, there are little barriers to entry or exit of firms. So the market for the no 2 pencils are perfectly competitive firms.
Also, coppers are identical to each other. They can't be differentiated from each other. There is usually a standard price for copper. So the market for copper is perfectly competitive.
For local public utilities, there is usually one firm providing the service. Also, because of the high cost of setting up these services, there is a high barrier to the entry of firms into the industry. This is why local public utilities are a monopoly.
Peanut butter and lipsticks are perfectly monopolistic firms because:
A. There are many firms selling this product but the products are usually differentiated.
B. Also, firms sets the price for their products
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
A monopolistic competition is when there are many firms selling differentiated goods. The demand curve is downward sloping
A monopoly is when there is only one firm operating in the industry. There are high barriers to entry and exit of firms in the industry.
I hope my answer helps you
B) Objectives and Task Method As a result, the "objectives and task" method are regarded as one of the most logical budgeting strategies for advertising.
The objectives and goals of marketing and advertising are established using this strategy.
The objective task method, which is also known as the "objective and task" method, is a system in which a business decides how much money to put into its marketing budget based on specific goals rather than just on sales revenues or projections.
The competitive paritymethod works on the premise that competing businesses have comparable marketing objectives and rationally implement them. Therefore, if a competitor spends approximately 5% of net sales on advertising, the company will match that competitor's advertising budget.
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(B) government policies to help promote a stagnant economy
(C) providing tax breaks to firms that engage in technological innovations
(D) interviewing a wide variety of candidates to ensure a diverse workforce
(E) government policies to limit outsourcing of jobs
Answer: Option A
Explanation: In simple words, it refers to the unemployment which occurs due to the employees shifting and moving from one job to another. This kind of unemployment is unavoidable and exist in every economy to some extent.
A website that advertises job will be helpful to employees for gaining information and awareness about new openings.
Hence from the above we can conclude that the correct option A.
Frictional unemployment could be reduced by enhancing job visibility, promoting economic growth, and limiting outsourcing. The best options for this are advertising job openings widely, implementing government policies to promote a stagnant economy, and creating policies to limit job outsourcing.
Frictional unemployment refers to the period of time when a worker is searching for, or transitioning from one job to another. It's a natural form of unemployment due to factors like workers' voluntary decisions to change jobs or the time lag involved in finding a new job.
Options (A) Websites that advertise job openings across the country, (B) Government policies to help promote a stagnant economy, and (E) Government policies to limit outsourcing of jobs would help reduce the amount of frictional unemployment. (A) would increase the visibility of job opportunities, enabling job seekers to find new roles more quickly. (B) would stimulate economic growth, creating more job opportunities. (E) would keep jobs within the country, increasing local employment opportunities.
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Answer:
Case A Case B Case C
Cash Collected from Customers $66,000 $51,000 $93,000
Cash Payments to Suppliers ($37,000) ($23,500) ($63,000)
Cash Payments for Salaries and Wages ($3,500) ($15,000) ($7,000)
Net Cash Provided by Operating Activities $25,500 $12,500 $23,000
Explanation:
Case A Case B Case C
Sales revenue 65,000 55,000 96,000
Cost of goods sold 35,000 26,000 65,000
Depreciation expense 10,000 2,000 26,000
Salaries and wages expense 5,000 13,000 8,000
Net income (loss) 15,000 14,000 (3,000)
Accounts receivable increase (decrease) (1,000) 4,000 3,000
Inventory increase (decrease) 2,000 0 (3,000)
Accounts payable increase (decrease) 0 2,500 (1,000)
Salaries and wages payable increase
(decrease) 1,500 (2,000) 1,000
Cash Collected from Customers = Sales revenue - Accounts receivable increase (decrease)
Cash Payments to Suppliers = Cost of goods sold + Inventory increase (decrease) + Accounts payable increase (decrease)
Cash Payments for Salaries and Wages = Salaries and wages expense - Salaries and wages payable increase
(decrease)
Answer:
Services.
Explanation:
As it is been explained to be a individual or organizational performance, which directly holds certain forms of benefit to many. It also can be said to be a transaction during which no physical goods are transferred from the vendor to the customer. It holds certain advantages of such a service are held to be demonstrated by the buyer's willingness to create the exchange. Public services are those who society (nation state, fiscal union or region) as an entire pays for. Using resources, skill, ingenuity; service providers benefit service consumers.
Although the benefit principle of taxes is founded on two notions, it is critical for business administration students to learn and understand the fundamental principles of income taxation. The first and most important point is that people who gain from services should pay for them. Second, taxation should be proportional to the amount of benefits or services received.
An income tax is generally a tax levied on persons or corporations (taxpayers) based on their earnings or profits (often referred to as taxable income). In most cases, income tax is calculated as the result of a tax rate multiplied by the taxable income.
Taxation rates may differ depending on the taxpayer's attributes and the source of income.
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The benefit principle of taxation is based on two ideas. The first and foremost is that those who benefit from services should be the ones who pay for them. Secondly, people should pay taxes in proportion to the amount of services or benefits they receive.
Explanation:
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Answer:
If the tax rate is 10% the better option is transaction 1 ($11,100 to 14,220)
IF the tax rate is 30% the better option is transaction 2 ($10,885 to 11,100)
Explanation:
We will compare the after tax cost for transaction two and check if it is better than 11,100 which will be the net cost for transaciton one
We must understad that the tax income deductible transacton provides a tax shield on the tax income, therefore his net effect is lower after considering taxes.
the rate will be think it as a discount to the pruchase price
at 10% income rate:
15,800 x ( 1 - 10% ) = 14,220
at 30% income rate
15,500 x ( 1 - 30% ) = 10,885