The incorrect statement is: 'Economics has its own language and its own way of thinking, but few other fields of study do.' Every field of study has its unique terminology and thought processes, not just economics.
Explanation:The statement that is not correct among the provided options is: 'Economics has its own language and its own way of thinking, but few other fields of study do.' This statement is false because every field of study has its distinct language and ways of thinking. Economists do use some words in specialized ways, and terms like 'supply,' 'demand,' 'elasticity,' 'comparative advantage,' 'consumer surplus,' and 'deadweight loss' are indeed part of the economist's language. However, the same can be said for other disciplines as well – whether it's chemistry, linguistics, mathematics, or any other field, they all have their own specific terminologies and methodologies.
Learn more about Economics Terminology here:https://brainly.com/question/34563288
#SPJ6
The incorrect statement is that 'Economics has its own language and its own way of thinking, but few other fields of study do'. Every field of study has its own unique language and way of thinking, not just economics.
Explanation:The statement that is not correct among the options given is c. Economics has its own language and its own way of thinking, but few other fields of study do.
Indeed, economics uses a specialized set of terminology, known as the economist’s language, which includes terms like supply, demand, elasticity, comparative advantage, consumer surplus, and deadweight loss. This language affords a unique way of understanding and appraising the world. However, it is incorrect to say that few other fields have their own specific way of thinking. Many fields of study have their own unique language and conceptual frameworks. For example, a physicist perceives the world through concepts of force, energy, and matter, while a linguist might approach it through the structures of syntax, phonetics, and semantics.
So, while the uniqueness of economics and its terminologies is not in dispute, it is not alone in this regard within academic disciplines.
Learn more about Economic Terminology here:https://brainly.com/question/33404861
#SPJ6
Bill is in charge of hiring a new manager for the first shift on the production line. according to Katz's model, bill should be looking for a person with ______.
Answer: Human and technical skills basically. Fairly conceptual skill for first line of management.
Explanation: Katz' assigned 3 types of skills based on the leader's level of management.
You invested in a $5,000 bond in 2012 with a coupon rate of 6%. What will be its value in 2018 if the required rate of return is now 8%?
Answer:
$4540.19
Explanation:
Step 1: Get the formula for the value of the bond in 2018
Formula= P * (1+r)n
P= Investment = $5000
r= Coupon rate=6%
n= Period or number of years = 6 years
Step 2: Calculate the value of the bond in 2018
Value of the bond in 2018= 5000 * (1+ 0.06)6
= 7092.60
Step 3: Calculate the Present value of the bond
Formula= (P x Present Value Factor) + (Interest x The present value interest factor of an annuity (PVIFA))
(P x Present Value Factor) = (5000 x 1\(1+r)^n)
where r= rate of return= 8%
n= years = 6
(Interest x The present value interest factor of an annuity (PVIFA) =
Interest = (Coupon rate x Investment)
PVIFA= 1\(1+r)^n}
where r= rate of return= 8%
n= years = 6
= (5000 x 0.6307) + (300 x 4.6223 )
=4540.19
A registered representative in your office wants to sell an issue of a private offering for another firm. This would be allowed if all of the following provisions are met except(A)written notice is filed with FINRA(B)the member firm provides written approval for the transactions(C)the private offering has satisfied SEC and state requirements(D)information related to the offering is provided to the RR's broker/dealer upon request
Answer:
A) written notice is filed with FINRA
Explanation:
FINRA doesn't get involved in this level of transactions.
The Financial Industry Regulatory Authority (FINRA) regulates member brokerage firms and exchange markets. FINRA is regulated and overseen by the SEC. They issue licences to individuals and admits companies into the financial trading industry.
Which job title would be given to someone responsible for supervising production in a manufacturing setting?
Answer:
Production manager
Explanation:
In the firm or company, the duty of the production manager is to ensure that the manufacturing processes should run efficiently as well as reliably. In short, it means to ensure that the operations are being done through the employees, follow the limitation, which is created in the budget. The production manager will ensure that the firm will accomplish all the objectives by maintaining the profitability at the same time.
The responsibilities of the job involve, organising as well as planning the production, negotiates and create budgets and the timescales with managers and clients.
Changes in accounting estimates are:_________.A. Considered accounting errors B. Extraordinary items C. Accounted for with a cumulative "catch-up" adjustment D. Accounted for in current and future periods
Answer: The correct answer is d. Accounted for in current and future periods
Explanation: A change in accounting estimate is an adjustment of the carrying amount of an asset or liability, or related expense, resulting from reassessing the expected future benefits and obligations associated with that asset or liability. Some examples include changes in provision for bad debt and changes in useful life of an asset.
Financial years of companies are closed at the end of the financial year of the company. As such any change in accounting estimate has to be made or accounted for in the current period or future period as the case maybe.
It is worthy of note that changes in accounting estimates are not considered as accounting errors or extraordinary items.
How have companies such as ebay (and the internet more generally) lowers transaction costs? economics?
Answer:
1. Absence of Rent
2. No Salesperson's salary
3. Absence of Utility Bills
4. No inventory Holding Costs
5. Average Cost Per Unit
Explanation:
Companies such as ebay (and the internet more generally) lowers transaction costs because of the following:
1. Absence of Rent: Companies such as ebay (and the internet more generally) lowers transaction costs because they do not pay store rent which is a significant business cost for offline businesses that operate in brick and mortar stores.
2. No Salesperson's salary: Online companies like ebay do not pay salesperson's salaries and by so doing they reduce transaction costs
3. Absence of Utility Bills: Online businesses like ebay do not pay utility billslike lighting costs and water rates etc, and this is another way of transaction cost reduction
4. No inventory Holding Costs: Online businesses do not incur transaction holding costs as they keep no warehouses for their inventory.
5. Average Cost Per Unit: In an internet business, you are bound to make profit even for one unit because you don't have to sell a number of units to cover for monthly fixed costs before you make profit. Transaction cost is same whether for one or a thousand units.
These are some of the ways online businesses have reduced costs.
Final answer:
eBay and the internet reduce transaction costs by eliminating intermediaries in trade and passing on cost savings to customers through lower prices.
Explanation:
eBay and the internet, in general, have lowered transaction costs by reducing the need for intermediaries in trade. By enabling direct transactions between buyers and sellers, platforms like eBay decrease external transaction costs such as the expenses associated with creating and monitoring agreements.
Moreover, the digitization of commerce cuts out middlemen in the logistics chain, leading to cost savings that can be passed on to customers in the form of lower prices. This affordability can attract more customers who were previously deterred by high prices, ultimately opening up markets.
An annuity pays $10 per year for 98 years. What is the present value (PV) of this annuity given that the discount rate is 7%?
Final answer:
The present value of an annuity paying $10 annually for 98 years at a discount rate of 7% is calculated using the present value of an ordinary annuity formula. An example to illustrate the concept using a simple two-year bond shows how to discount future cash flows at different interest rates to determine present value.
Explanation:
The question asks for the present value (PV) of an annuity that pays $10 per year for 98 years with a discount rate of 7%. To calculate the PV of the annuity, you can use the formula for the present value of an ordinary annuity:
PV = Pmt * [(1 - (1 + r)^-n) / r]
Where Pmt is the annual payment, r is the discount rate per period, and n is the number of periods.
In this case, Pmt is $10, r is 0.07 (7% expressed as a decimal), and n is 98. Plugging these values into the formula gives:
PV = $10 * [(1 - (1 + 0.07)^-98) / 0.07]
After doing the math, this calculation will yield the present value of the annuity. To calculate the present value of the two-year bond with different interest rates, similar principles of discounting future cash flows apply.
For example, if a two-year bond pays $3,000 at the end of the second year plus $240 interest annually at a discount rate of 8%, the calculation would look like this:
PV = $240 / (1 + 0.08) + ($240 + $3000) / (1 + 0.08)^2
And if the discount rate rises to 11%, you would instead use:
PV = $240 / (1 + 0.11) + ($240 + $3000) / (1 + 0.11)^2
Final answer:
The present value of the annuity paying $10 per year for 98 years at a 7% discount rate is about $138.78.
Explanation:
To find the present value (PV) of the annuity, we can use the formula for the present value of an ordinary annuity:
[tex]\[PV = C \times \left(1 - \frac{1}{{(1 + r)^n}}\right) \times \frac{1}{r}\][/tex]
Where:
- C is the amount of each payment (the annual payment of $10).
- r is the discount rate (7% or 0.07 in decimal form).
- n is the number of periods (98 years).
Plugging in the values:
[tex]\[PV = 10 \times \left(1 - \frac{1}{{(1 + 0.07)^{98}}}\right) \times \frac{1}{0.07}\][/tex]
Let's calculate:
[tex]\[PV = 10 \times \left(1 - \frac{1}{{(1.07)^{98}}}\right) \times \frac{1}{0.07}\][/tex]
[tex]\[PV = 10 \times \left(1 - \frac{1}{{33.381082}}\right) \times \frac{1}{0.07}\][/tex]
[tex]\[PV = 10 \times \left(1 - 0.029918\right) \times \frac{1}{0.07}\][/tex]
\[PV = 10 \times 0.970082 \times 14.2857\]
[tex]\[PV = 138.78\][/tex] (approximately)
So, the present value of the annuity, given a discount rate of 7%, is approximately $138.78.
Paul wants to accumulate $14,500 in order to make the down payment for a new condo. Today he can start investing $2,500 annually in an investment account that pays 10 percent interest compounded annually. How long would it take him to have enough money to make the down payment? a) 5.90 years b) 6.10 years c) 3.50 years d) 7.60 years e) 4.44 years
Answer:
4.80 years
Explanation:
We use the NPER formula in this question which is shown in the spreadsheet.
The NPER represents the time period. inv
Given that,
Present value = $0
Future value = $14,500
PMT = $2,500
Rate of interest = 10%
The formula is shown below:
= NPER(Rate,PMT,-PV,FV,type)
The PMT come in negative
So, after solving this, the answer would be 4.80 years
A partner who invests money in a business, but does not take an active role in management or assume unlimited liability for the firm's losses is known as a(n):
Answer: Limited partner.
Explanation:
The limited partner is part of the owners in a partnership business, that plays a passive role in the supervision of the business operations and whose liability in the business is limited to his investment in the business. The limited partner main duty is just to invest capital into a business, as business operations is supervised by the active partner.
Which of the following questions is inappropriate on an internal control questionnaire concerning purchase transactions?
A. Are an approved purchase requisition and a signed purchase order required for each purchase?
B. Are intact cash receipts deposited daily in the bank?
C. Are prenumbered purchase orders and receiving reports used and accounted for?
D. Are all goods received in a centralized receiving department and counted, inspected, and compared with purchase orders on receipt?
The question that is in appropriate is that are intact cash receipts deposited daily in the bank?
Explanation:
In a company before performing the audit the document that is provided to the employers of the company before the audit is the internal control questionnaire
Intact cash receipts can be deposited daily in the bank and there will be major need for a company to deposit the money in the bank and hence this question is inappropriate
The two potential areas of customer satisfaction or dissatisfaction about a deliverable are:
Answer:
Quality and Quantity .
Explanation:
Amount and quality are two possible areas of client satisfaction or implementable disappointment.
The quantity represents the amount in which the situation is referred to by quality. Quantity is always a word related to productivity, and can easily be quantified. Quality is related to the general condition of a good or service and is not readily measurable so a more subjective analysis is required.Smaller women like to purchase fashionable clothes just as much as any women. However, most clothes are not proportioned for their smaller size and do not fit well. As a result, several manufacturers offer "petite" sizes of clothing for this group of consumers. Women who comprise this group have needs that differ somewhat from the total market and represent a _____.a) demographic segment.b) lifestyle segment.c) market potential.d) sub-market.e) market segment.
Answer:
e) Market segment
Explanation:
A market segment is defined as the collection of people or individuals sharing some common characteristics.
These individual grouped together for the purpose of marketing.
Based on the various criteria each market segment is unique.
Marketers and the producers use market segments to target market for their service.
your vessel is is in distress and the order was given to abandon ship .if you must enter the water which of the following would aide in preventign hypothermia?
Answer: The heat escape lessening posture (HELP)
Explanation: Hypothermia is the effect of long immersion in cold water thereby losing body heat faster.
The heat escape lessening posture helps to combats hypothermia and can be a lifesaver to people in cold water.
The huddle position can also help in preserving the body heat especially when there are two or more people in the water at the same time. Making sure they huddle together keeps them warm.
Final answer:
To prevent hypothermia when abandoning a ship into the water, remove wet clothing, put on insulating layers that slow heat transfer, and stay active to generate body heat. Insulating layers like wetsuits are crucial in these situations. Also, keeping hydrated is important during the survival process.
Explanation:
If a vessel is in distress and the order has been given to abandon ship, to prevent hypothermia after entering the water, it is essential that you use materials designed to slow the heat transfer rate, or thermal insulation. To combat hypothermia effectively, one must remove wet clothing immediately, redress in warm materials, and attempt to maintain physical movement to generate body heat. These measures are critical because they contribute to retaining the body's heat, which is crucial for survival in cold water situations. Additionally, it is important to understand that heat escapes the body through conduction, convection, and radiation, following the Second Law of Thermodynamics. Wearing insulating layers, such as a wetsuit or drysuit, can provide vital protection against the cold. Furthermore, staying hydrated is crucial during any survival situation.
The relationship between the benefits a consumer receives from a product or service and what they give up to obtain those benefits is known as:_______. a. customer satisfaction. b. sacrifice. c. an exchange. d. customer value.
Answer:
Customer value
Explanation:
Customer value is a marketing term representing the satisfaction or experience or benefit a customer gets from a product in exchange for the value they give to have access to the satisfaction.
In the future term, it also represents the benefit a customer expects to get from a product mostly based on the promises of the vendor in exchange for the payment or value the customer is expected to transfer to the producer for the product.
The value a customer is to give to derive the satisfaction is not limited to monetary transfers it could also include time, knowledge, even other choice products that could have offered similar benefits. Customer value will help a customer decide whether the benefit from a product is worth the expense or value given to obtain it.
If a student is asked to weigh out 3.0 g of a material, anything between 2.8 g and around 3.1 g will work fine.True/false
Answer:
True
Explanation:
In this question, we have to compute the average which is shown below:
= (Gram 1 + gram 2) ÷ (Number of items)
= (2.8 g + 3.1 g) ÷ (2)
= (5.9 g) ÷ 2
= 2.95 g
And, the weigh out is 3.0 g
So if we round off the average i.e
= 2.95 round off
= 3.0 g
This gram is equal to the given weightage
So, the given statement is true
""The money and resources currently being devoted to the War on Terrorism reduces the quantity of other goods that we are able to supply." This statement most clearly illustrates which of the following?"
Answer:
The Concept of Opportunity Cost
Explanation:
An opportunity cost is the cost associated with choosing to enjoy a particular benefit or pursue a particular venture at the expense of enjoying the benefit of its best alternate choice. In other words, when you enjoy the benefits of action A, the opportunity cost is the potential benefit of action B that one had to give up to achieve action A.
According to the question, money and resources devoted to war on terrorism represents the choice of the nation and the benefits maybe that the country is free from terrorist attacks. However, the opportunity cost is that the benefit of freedom from terrorist attacks comes at the expense of goods that could have been produced if the country should choose to pursue production of goods.
The green movement Select one: a. is not a good strategic consideration for contemporary firms. b. will never benefit a firm financially. c. is benefiting all firms financially. d. has created jobs.
Answer:
The correct answer is the option C: is benefiting all firms financially.
Explanation:
To begin with, the name of ''corporate green movement'' is used to refer to the position that some companies take in order to protect the environment and establish a more environment-friendly policies to achieve the goal. Moreover, the movement encourages the companies to be part of the solution regarding the subjects of the global warming and air pollution.
To continue, the companies that follow those type of policies in favour of the environment tend to capture the attention of the audience and therefore to increase their benefits due to the fact that those policies cultivate a good public image, affecting the firms in a positive way regarding finance.
An extremely lucrative severance package that is guaranteed to a firm's senior managers in the event that the firm is taken over and the managers are let go is called a:__________
Answer: A golden parachute.
Explanation:
A very large financial compensation paid to top members of management in a company in the event of a merger or company sales, is known as a golden parachute. A golden parachute is done to discourage buyers from buying over a company and also to help ease the effect of top staff losing their jobs.
Answer:
A Golden Parachute
Explanation:
A lucrative severance package guaranteed to a firm's senior managers in the event that there is a hostile takeover and they are let go is called a golden parachute.
A golden parachute often includes, alongside the severance package, company shares and other forms of compensation. It provides some sort of safety net for the senior managers of the firm in the event of a takeover and they are left without a job.
The cost of which of the following expenses is not deductible as a medical expense on Schedule A, before the 10 percent of adjusted gross income limitation?
a. Expense to hire and train a guide dog for a visually-impaired taxpayer
b. Acupuncture
c. Botox treatment to reduce wrinkles around eyes
d. A psychiatrist
Answer:
The correct answer to the following question will be Option B (Acupuncture).
Explanation:
Acupuncture is a contrasting medical practice that involves arousing certain points throughout the bodies, quite often with a needle puncturing the skin, to relieve pain. It would be interesting to see whether homeopathy can help to prevent cancer.
It has long been established as an important chronic pain medication. A study found that spinal manipulation was better than no acupuncture or simulated reflexology to treat four back pain circumstances: back and neck pain.
Therefore, Acupuncture is the right answer.
Companies HD and LD have the same sales, tax rate, interest rate and their debt, total assets, and basic earning power. Both companies have positive net income. Company HD has a higher debt ratio and, therefore, a higher interest expense. Which of the following statements is correct?
a) Company HD pays less in taxes.
b) Company HD has lower equity multiplier.
c) Company has a higher ROA.
d) Company HD has a higher times-interest-earned (TIE) ratio.
e) Company HD has mor
Answer:
A) company HD pays less in Tax
Explanation:
Because interest is deducted before tax in income statement. Higher interest means less Earning before tax, and less amount of Tax be deducted.
HD and LD both have same Earning before interest and tax.
Let suppose both have EBIT of $1000,
Not HD has interest expense of 150, and LD has interest expense of $100
Now HD Earning before tax would be 850, and LD EBT would be 900.
Let's say tax is 40%
so,
HD tax would be 850*0.4=340
LD tax would be 900*0.4=360
So, HD pays higher interest, it benefit company in paying lower tax amount. bacause interest is tax saving.
HD saves $20 in this hypothetical example.
Sharon, a new manager in the Finance Department, found ways to inspire and motivate employees with meeting project goals, in turn, increasing work productivity. She focused on the managerial function of __________.
Answer:
CONTROLLING
Explanation:
Controlling can be described as a manager's main functions. A manager needs to develop and maintain effective control over all the respondents ' practices in order to achieve expected outcomes from the underlings.
In other terms, the purpose of the role controlling can be interpreted as maintaining that an institution's operations are carried out as per the schedules.
Controlling also guarantees that the facilities of an institution are used collaboratively to accomplish predetermined objectives.It shouldn't be overlooked the regulating role is the last administration role. It is a process that takes the management swing back to the role of planning.
Assume that Eric Duffy and Johnnie Gladwin operate a partnership. The partnership agreement states that the income and loss will be shared based on the ratio of their beginning capital balances. At the beginning of the year, Duffy had a capital balance of $80,000 and Gladwin had a capital balance of $20,000. The partnership's income statement reported net income of $90,000 for the year ending December 31. Prepare the December 31 journal entry that would be required to close the Income Summary account and allocate the net income to the two partners.
Answer:
Debit Income summary $90,000
Credit Duffy, capital $72,000
Credit Gladwin, capital $18,000
Explanation:
To close income summary account to partner’s capital, said account must be debited then credit partner’s account in the amount based on the agreed allocation ratio.
Computation of allocation: (based on beginning capital balances)
Duffy $80,000
Gladwin $20,000
——————————
Total $100,000
Duffy (80,000/100,000) x 90,000 = $72,000
Gladwin (20,000 x 100,000) x 90,000 = $18,000
JOURNAL ENTRY:
Debit income summary $90,000
Credit Duffy, capital $72,000
Credit Gladwin, capital $18,000
To allocate the net income between partners, Eric Duffy and Johnnie Gladwin, determine their profit-sharing ratio based on their capital balances. Debit Duffy's Capital account for $72,000 and credit Gladwin's Capital account for $18,000 to close the Income Summary account and distribute the net income.
Explanation:To allocate the net income to the two partners, Eric Duffy and Johnnie Gladwin, we need to calculate their profit-sharing ratio based on their beginning capital balances. The total beginning capital is $100,000 ($80,000 + $20,000). Duffy's share is $80,000 / $100,000 * $90,000 = $72,000, and Gladwin's share is $20,000 / $100,000 * $90,000 = $18,000.
To close the Income Summary account and allocate the net income, we will debit Duffy's Capital account for $72,000 and credit Gladwin's Capital account for $18,000. The journal entry is as follows:
December 31:
Income Summary $90,000
Duffy, Capital $72,000
Gladwin, Capital $18,000
Remington Arms continually monitors the legal-political environment for changes in legislation that may adversely impact the sales of its weapons. This type of analysis is usally part of the _____.
Answer:
SWOT threat analysis
Explanation:
SWOT analysis stands for: Strength, Weakness, Opportunities and Threats
The business that wants to stay afloat must constantly engage in self examination in line with national and international demonstration effect on the firm. in line with this, it must be able to identify the firm's:
Strengths in the market place and among competitors with view to maximizing it,
Weaknesses to know its limitations and possibility of converting weakness to strength,
Opportunities - To have information of existing opportunities and choose the ones that can produce adequate returns on investment
Threats - To know the activities of both competitors and legal framework that may constitute a threat to its existence or affect its existing returns on investment.
Therefore Remington Arms is trying to identify the threats to its business
Mi Ola swimwear may occasionally make changes to their corporate or business-unit strategies. Identify the item below that would indicate a change to the corporate strategy.A.Offering a line of surf boardsB.Changing the fabric used on swim bottomsC.Discontinuing a certain color of swimsuitD.Selling the swimsuits in a major department store
Answer:
A) Offering a line of surf boards
Explanation:
If the company makes changes to how their products are made, e.g. different materials, colors, models, etc., they are not changing their corporate strategy, they are just modifying their product line. If they decide to start selling their swimsuits in a department store, they are increasing their outlets, that's all.
But when they decide to offer a very distinct product (a surfboard), then they are changing their corporate strategy from being just a clothing store to offering diverse products that can be used at a beach.
Buckner & Jones produced and sold 2,060 units at a sales price of $131.25 each. Assume that beginning and ending inventories of materials, work in process, and finished goods were zero. What was the conversion cost per unit? (Note: Round answer to two decimal places.)
Answer:
$76.46 per unit
Explanation:
Conversion costs = direct labor costs + manufacturing costs
*conversion costs do not include materials.
total conversion costs = direct labor ($63,000) + manufacturing overhead ($94,500) = $157,500
conversion cost per unit = $157,500 / 2,060 units = $76.46 per unit
Through the process of ____ a company establishes an organizational mission and formulates goals, a corporate strategy, marketing objectives, and a marketing strategy.
Answer:
Planning
Explanation:
At planning stage, organization formulate its mission goals which are streamlined into achievable objectives and then strategies are formulated to achieve set objectives.
Importance of strategic planning to an organization cannot be overemphasized because it provides a sense of direction and outlines measurable goals.
Failure in achieving most organizational goals and objectives are usually due to inadequate planning.
If the Fed supply 20 billion dollars into the commercial banking system, how much more money the commercial banks create and supply?
Answer:
Depends on the reserve ratio, which in turn determines the money multiplier.
Explanation:
The money multiplier formula = 1 / reserve ratio
For example, if the reserve ratio is 10%, the money multiplier will be 10. If the reserve ratio is 20%, the money multiplier will be 5.
To calculate the total effect of a $20 billion inflow, you must multiply that amount by the money multiplier:
E.g. $20 billion x 10 = $200 billion, or $20 billion x 5 = $100 billion
Final answer:
The Federal Reserve's injection of $20 billion can create additional money through the commercial banking system by up to $100 billion, given a 20% reserve requirement. This expansion results from the fractional reserve banking system's multiplier effect.
Explanation:
When the Federal Reserve supplies $20 billion into the commercial banking system, it can lead to a multiplier effect on the money supply due to the fractional reserve banking system. Commercial banks are required to keep a fraction of deposits as reserves and can lend out the rest. The proportion they must keep is determined by the required reserve ratio set by the Federal Reserve.
For example, with a reserve ratio of 20%, this initial injection can theoretically result in an expansion of the money supply up to five times the initial amount, which is $100 billion dollars. However, this simplified calculation assumes that all of the money lent out is redeposited in the banking system and no one holds cash, which in reality, might not be the case.
If the required reserve ratio is 0.2 and the Fed purchases $2 billion worth of bonds, the money supply could potentially expand by $10 billion. It works as follows: the initial $2 billion increase in reserves can be multiplied by the money multiplier, which is the inverse of the reserve ratio. In this scenario, the money multiplier is 1/0.2 = 5. Therefore, the total potential increase in the money supply is 2 billion times 5, which equals $10 billion.
Dahlia can earn $60,000 a year working at a relatively safe job, or $65,000 a year working at a riskier job. The probability of death from working at the relatively safe job is 1/5,000, and the probability of death from working at the riskier job is 1/1,000. Using the compensating differential approach and the above information, what is the value of Dahlia's life?A. $2 millionB. $2.5 millionC. $6.25 millionD. $25 million
Answer:
C) $6.25 million
Explanation:
Compensating wage differentials are paid to workers so that they accept tasks that are considered dangerous or hazardous.
A worker’s utility function is:
Utility = f (w, risk of injury)
Dahlia's safe job utility function = f(60000, 0.0002)
Dahlia's riskier job utility function = f(65000, 0.001)
A 400% increase in risk will increase Dahlia's salary by $5,000,
When you are using the compensation differential approach, you can determine the value of a life by dividing the compensating differential by the increased chance of death.
($65,000 - $60,000) / (1/1000 - 1/5,000) = $5,000 / 0.0008 = $6,250,000
The Super Widget Corporation has 20,000 shares of stock outstanding. A. If it declares dividends of $42,500, what is the dividend per share of stock?B. What is Kevin Rainey's share of the declared dividend if he owns 50 shares?
The dividend per share of stock for Super Widget Corporation is $2.125, and Kevin Rainey's share of the declared dividend, for the 50 shares he owns, amounts to $106.25.
Explanation:The dividend per share of stock that Super Widget Corporation declares can be calculated by dividing the total declared dividends by the number of shares outstanding. In this case, if Super Widget Corporation declares dividends of $42,500 and has 20,000 shares of stock outstanding, the dividend per share would be calculated as follows:
Dividend per share = Total Dividends ÷ Number of Shares
Dividend per share = $42,500 ÷ 20,000
Dividend per share = $2.125
As to the second part, Kevin Rainey's share of the dividends can be determined by multiplying the dividend per share by the number of shares he owns, which in this case is 50 shares:
Kevin Rainey's dividend = Dividend per share × Number of shares Kevin owns
Kevin Rainey's dividend = $2.125 × 50
Kevin Rainey's dividend = $106.25
Therefore, the dividend per share of stock for Super Widget Corporation is $2.125, and Kevin Rainey's share of the declared dividend is $106.25.
A clause in an international contract that designates which nation’s court has jurisdiction to hear a case arising out of the contract is called a ________.
Answer:
Jurisdiction Clause
Explanation:
Jurisdiction clause is a clause in the agreement between two nations as to which country's court can hear any cases that occurs from the agreement.
This means that if for example, France and Germany have an agreement on a certain issue, let's say watch business, France and German will then decide which country's court(maybe French court or German court) can hear any issue that arises from the watch business ; but not the two.
Cheers.
Answer:
A Jurisdiction Clause
Explanation:
A clause in an international contract that designates which country's court has jurisdiction to hear a case arising out of the contract is called a jurisdiction clause.
International contracts between parties usually involve more than one country as the various parties might come from different countries. In situations such as this, it is reasonable to know beforehand, which country's courts should hear cases that arise from disputes regarding the contract. Jurisdiction clause saves time and money in the event of disputes that tend to arise from such contracts.
Jurisdiction clauses can either be exclusive or non-exclusive.
Exclusive; only the court listed on the jurisdiction clause can hear a case.
Non-exclusive; in this instance, the court listed can hear the case as well as other courts.