Suppose that, in a competitive market without government regulations, the equilibrium price of milk is $2.50 per gallon. Complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it is binding or nonbinding.
Statement Price Control Binding or Not
The government has instituted a legal elector
minimum price of $2.30 per gallon for more
than $2.50 per gallon. Price ceiling Binding
Price floor Non-binding
The government has instituted a legal minimum
price of $3.40 per gallon for gasoline. Price ceiling Binding
Price floor Non-binding
There are many teenagers who would like to
work at gas stations, but they are not hired due
to minimum-wage laws. Price ceiling Binding
Price floor Non-binding

Answers

Answer 1

Answer and Explanation:

According to the scenario, computation of the given data are as follow:-

Price ceiling:-This is show the limit of the price on maximizing value of the product which is decided by government and his imposed group for customer.

Binding:-The binding price ceiling is below the equilibrium price.  

Unbinding:-The unbinding price ceiling is above equilibrium price.  

Price floor:-This is show the limit of the price on lower value of the product which is decided by government and his imposed group for customer. A price floor must be higher than the price equilibrium price in order to be effective.  

Binding:-The binding price floor is above the equilibrium price.  

Unbinding:-The unbinding price floor is below the equilibrium price.

It is given that the equilibrium price of milk is $2.50 per gallon.

Statement 1:-This is the example of price floor and binding because minimum price of $2.30 per gallon is decided.

Statement 2:-This is the example of price floor and binding because minimum price of $3.40 per gallon is decided for gasoline.

Statement 3:-This is the example of price floor and binding because teenagers are not hired due to minimum-wage laws.  


Related Questions

Data collected from selected major metropolitan areas in the eastern United States show that 5% of individuals living within the city limits move to the suburbs during a one-year period, while 2% of individuals living in the suburbs move to the city during a one-year period.

Prepare the matrix of transition probabilities.

Answers

People that work in the science lab and work on stuff

Fatty foods are best for slowing down the rate of alcohol absorption

Answers

Answer:

Rich in heart-healthy monounsaturated fats, avocados are one of the best foods you can eat before drinking alcohol. That's because fat takes much longer to digest than protein or carbs, which can help slow the absorption of alcohol into your bloodstream.

Explanation:

Fatty foods are best for slowing down the rate of alcohol absorption as Oily, greater, and added fats are the best for reducing intoxicated since they take longer to process and linger in the belly.

What is absorption?

Alcohol is absorbed and transported into the system by your body at a certain rate, or systemic absorption. Alcohol is ingested when you drink through the small and large intestines. Your blood alcohol (BAC) increases as soon as it reaches the system, and you start to feel inebriated.

Although fat digests more slowly than muscle or carbohydrates, eating fat can help delay the entrance of beer into your circulation. Alcohol is taken more slowly when food is consumed while drink it, with effervescent alcoholic beverages being absorbed more quickly. Avocados are among the best foods to eat before consuming alcohol since they are high in soul-monounsaturated fats.

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The following selected accounts appear in the adjusted trial balance for Deane Company.Indicate the financial statement on which each account would be reported.Account (a) Accumulated Depreciation. (b) Depreciation Expense. (c) Retained Earnings (beginning). (d) Dividends. (e) Service Revenue. (f) Supplies. (g) Accounts Payable. Financial Statements:1. Balance Sheet2. Income Statement3. Retained Earnings Statement

Answers

Answer:

          Accounts                                      Financial Statements

(a) Accumulated Depreciation               Balance sheet

(b) Depreciation Expense                       Income statement

(c) Retained Earnings (beginning)          Retained earnings statement

(d) Dividends                                            Retained earnings statement

(e) Service Revenue                                Income statement

(f) Supplies                                               Balance sheet

(g)Accounts Payable                               Balance sheet

2.2 List any TWO characteristics of public goods.​

Answers

Answer:

non-excludable and Non-rivalrous

Trak Corporation incurred the following costs while manufacturing its bicycles.
Bicycle components $100,000 Advertising expense $45,000
Depreciation on plant 60,000 Property taxes on plant 14,000
Property taxes on store 7,500 Delivery expense 21,000
Labor costs of assembly-line workers 110,000 Sales commissions 35,000
Factory supplies used 13,000 Salaries paid to sales clerks 50,000
(a) Identify each of the above costs as direct materials, direct labor, manufacturing overhead, or period costs.
Bicycle components
Trak Corporation incurred the following costs whil Direct LaborPeriod CostsDirect MaterialsManufacturing Overhead
Depreciation on plant
Trak Corporation incurred the following costs whil Direct MaterialsPeriod CostsManufacturing OverheadDirect Labor
Property taxes on store
Trak Corporation incurred the following costs whil Direct MaterialsManufacturing OverheadPeriod CostsDirect Labor
Labor costs of assembly-line workers
Trak Corporation incurred the following costs whil Direct MaterialsManufacturing OverheadDirect LaborPeriod Costs
Factory supplies used
Trak Corporation incurred the following costs whil Period CostsManufacturing OverheadDirect MaterialsDirect Labor
Advertising expense
Trak Corporation incurred the following costs whil Manufacturing OverheadDirect LaborPeriod CostsDirect Materials
Property taxes on plant
Trak Corporation incurred the following costs whil Manufacturing OverheadDirect LaborPeriod CostsDirect Materials
Delivery expense
Trak Corporation incurred the following costs whil Direct MaterialsPeriod CostsManufacturing OverheadDirect Labor
Sales commissions
Trak Corporation incurred the following costs whil Manufacturing OverheadPeriod CostsDirect LaborDirect Materials

Answers

Answer:

Trak Corporation

Direct materials:

Bicycle components $100,000

Direct labor:

Labor costs of assembly-line workers $110,000

Manufacturing overhead:

Factory supplies used                 $13,000

Property taxes on plant                 14,000

Depreciation on plant                   60,000

Total manufacturing overhead  $87,000

Period costs:

Advertising expense            $45,000

Property taxes on store            7,500

Delivery expense                    21,000

Sales commissions                35,000

Salaries paid to sales clerks 50,000

Total period costs              $158,500

Explanation:

a) Data and Calculations:

Bicycle components $100,000

Advertising expense $45,000

Depreciation on plant 60,000

Property taxes on plant 14,000

Property taxes on store 7,500

Delivery expense 21,000

Labor costs of assembly-line workers 110,000

Sales commissions 35,000

Factory supplies used 13,000

Salaries paid to sales clerks 50,000

b) Direct materials refer to materials consumed during the manufacturing process, which are easily identified, measured, and charged to the product.

Direct labor refers to factory workers' time consumed during the production process.

Manufacturing overhead includes all indirect materials, labor, and other costs which cannot be directly traced to a unit of the manufactured product.

Period costs include administrative, selling, and distribution costs incurred during a financial period.

The Karl DeLong Estate (with a taxable value of more than $16,500,000) includes the following assets:
200 shares of common stock in the DeLong family corporation (valued at $3,580,000)
1,000 shares of common stock in a large public utility that trades more than 100,000 shares per day (valued at $1,560,000)
Certificates of deposit (valued at $520,000)
Three commercial buildings located in an older part of town where values are decreasing rapidly (valued at $4,525,000)
Which valuation technique could best be used to reduce the value of Karl's gross estate?
A) A fractional interest (co-ownership) discount on the DeLong family stock
B) A blockage discount on the public utility stock
C) Special use valuation on the CDs
D) The alternate valuation date for all assets

Answers

The best valuation technique to reduce the value of Karl's gross estate is C) Special use valuation on the CDs.

What is special use valuation?

Special use valuation is a valuation method that determines property value on the basis of its “current use” rather than its “highest and best use.”

Special use valuation is permitted by the Internal Revenue Code (IRC) Section 2032A.

However, the special use valuation method is for real estate and not CDs.

Thus, the best valuation technique to reduce the value of Karl's gross estate is C) Special use valuation on the CDs.

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Which of the following shows the correct order in which organs take part in the process of digestion? (5 points) Esophagus, mouth, stomach Mouth, esophagus, stomach Mouth, stomach, esophagus Stomach, mouth, esophagus

Answers

the correct order of digestion is mouth, esophagus, stomach

Answer:

Mouth, esophagus, stomach

Explanation:

How did corporations and companies deal with the problem posed by competition?
Group of answer choices

They used fraud and corporate espionage to put rivals out of business.

They got politicians to endorse them, in exchange for large campaign donations.

They bribed police to shut their rivals down.

Multiple companies merged into single companies, which could have monopolies and set prices as they liked.

Answers

Answer:

Correct option : Multiple companies merged into single companies, which could have monopolies and set prices as they liked.

Explanation:

Corporations and companies deal with the problem posed by competition when two or more companies come together and merged into a single companies, which could have monopolies in which they set their own prices as they liked which inturn lead to NO COMPETITORS and inturn enables this single companies to deal with all the problems that is been posed by competition in the market reason been that the products or goods sold by this merged single companies or single firms are unique and different from others goods sold in the market by other company.

Example Company X, Y and Z may decide to merged into a single companies in which after merging they went into production of a unique products like Designer wears which means that this single merged companies can set prices for this unique designer wears as they like by either selling it at $300,$400,$500 or even at lesser price or more higher price because they are the only producer of such unique designers wears which inturn will enable them to have a competitive advantage over other company in the market because they have NO COMPETITORS.

Consider total cost and total revenue, given in the following table:
In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)
Total Cost Marginal Cost
(Dollars)
Quantity (Dollars)
0
1
2
3
4
5
6
7
5
6
8
11
15
20
26
35
05
06
07
Total Revenue Marginal Revenue
(Dollars)
(Dollars)
0
6
12
18
24
30
36
42
AAAAAAA
Profit
(Dollars)
In order to maximize profit, how many units should the firm produce? Check all that apply.
04

Answers

The solution to the given question when we consider total cost and total revenue, given in the following table:

The Financial Table

Quantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit

------- | -------- | -------- | -------- | -------- | --------

0     | 5       | 5        | 0        | 0        | -5

1     | 11      | 6        | 6        | 6        | 1

2     | 17      | 6        | 12       | 6        | 5

3     | 24      | 7        | 18       | 6        | 4

4     | 31      | 8        | 24       | 6        | -7

5     | 39      | 8        | 30       | 6        | -9

6     | 47      | 8        | 36       | 6        | -11

7     | 55      | 8        | 42       | 6        | -13

As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.

Therefore, the answer to the question is 3.

In summary:

The firm's profit is maximized at quantity 3.This is because the marginal revenue is equal to zero at this point.If the firm produces more units, it will start to lose money.Therefore, the answer to the question is 3.

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Need to know the words of the corresponding definitions:

When a mark up is added to the cost of producing a good or service to calculate the selling price

Involves setting a low initial price for a new product in order to get a foothold in the market and gain market share

Answers

Answer:

the first one is Markup and the second one is marketing

Explanation:

i hope this is what u mean i hope i helped 229 999 0523

What is the difference between final goods and intermediate goods?

Answers

A) Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use.

B) Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods.

Final goods and intermediate goods are terms used in economics to distinguish between different types of goods in the production process. Here's a breakdown of the difference between the two:

1. Final Goods:

Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use. These goods are ready for consumption and do not undergo further processing or transformation before reaching the final consumer. Examples of final goods include food products, clothing, electronics, furniture, and vehicles. Final goods are the end result of the production process and are intended for final consumption or use.

2. Intermediate Goods:

Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods. They are not intended for final consumption but are instead used as raw materials, components, or capital goods in the production process. Intermediate goods undergo further processing or transformation before being included in the final goods. Examples of intermediate goods include raw materials like steel or wood, components like circuit boards or engines, and machinery or equipment used in production.

The key distinction between final goods and intermediate goods lies in their purpose and stage in the production process. Final goods are produced for the ultimate satisfaction of consumers' needs and are ready for consumption, while intermediate goods are used in the production of other goods and undergo further processing.

It's important to note that when calculating a country's Gross Domestic Product (GDP), only the value of final goods is considered. Intermediate goods are excluded to avoid double-counting, as their value is already included in the final goods they contribute to. By focusing on final goods, GDP provides a measure of the value of goods and services produced for final consumption in an economy.

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Providing highly detailed information about the consequences of buying the brand to encourage trial is more important in a low involvement buying Situation?

Answers

It is true that Providing highly detailed information about the consequences of buying the brand to encourage trial is more important in a low involvement buying Situation.

Why is it important to Provide highly detailed information about the consequences of buying the brand?

It important to Provide highly detailed information about the consequences of buying the brand especially in the case where there is low involvement is that it will help the brand to adjust their services to the taste of the consumer.

And with this information the customer can be able to make the necessary decision when making another purchase from  the brand.

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Check the complete question:

TRUE OR FALSE ; Providing highly detailed information about the consequences of buying the brand to encourage trial is more important in a low involvement buying Situation?

12. Horizon Electronics is launching a new all-in-one product. The product can be used to play music, watch movies, check e-mail, and make phone calls. Because
there are so many features, you know there will be many questions. Your company is advertising a sale on the product, hoping that customers will buy it from your
store rather than online or at a competitor's store. How should you prepare for the large volume of customers asking about this product?
OA. Tell customers that they can call Horizon Electronics directly to answer questions about how to use the product.
OB. Rely on one of your co-workers to help you answer questions as he just bought the product for himself.
OC. Test the item on display making sure you can explain how to use each feature.
O D. Remind customers they can return the item if it is too difficult to use.

Answers

The best approach to prepare for the large volume of customers asking about the new product is:

OC. Test the item on display, making sure you can explain how to use each feature.

By testing the product on display and familiarizing yourself with its features, you will be able to provide accurate information and demonstrations to customers. This will help you address their questions and concerns effectively, increasing their confidence in purchasing the product from your store.

what is different between applied market research and basic market research

Answers

Basic Research or otherwise called as pure or fundamental research, is one that focuses on advancing scientific knowledge for the complete understanding of a topic or certain natural phenomenon, primarily in natural sciences. In a nutshell, when knowledge is acquired for the sake of knowledge it is called basic research.

Applied Research can be defined as research that encompasses real life application of the natural science. It is directed towards providing a solution to the specific practical problems and develop innovative technology.

While basic research aims at expanding knowledge by creating new theories and modifying existing ones, applied research is focused on providing practical solutions to specific problems by analyzing empirical evidence.
Basic market research is basically scientific knowledge, something you know based on information. Applied market research is digging deeper into the problem and looking for solutions.

11. What percentage of your salary should go to savings? (1 point)
05%
O 10%
O 20%
O 50%

Answers

Answer:

20%

Explanation:

Answer: 10%

Explanation: Took test

interest income can be excluded on qualified u.s. savings bonds, either a series ee bond issued after 1989 or a series i bond, redeemed for which of the following reasons?

Answers

Interest income from qualified U.S. savings bonds, such as Series EE bonds issued after 1989 or Series I bonds, can be excluded from taxable income under Education expenses, Rollover , First time homebuyer.

To be eligible for the exclusion, the bonds must be redeemed for one of the following reasons:

Education expenses: The interest income from the bonds can be excluded if the bondholder uses the proceeds to pay for qualified higher education expenses, such as tuition, fees, and room and board, for themselves, their spouse, or their dependents.

First-time homebuyer: The interest income from the bonds can be excluded if the bondholder uses the proceeds to pay for a first home purchase for themselves, their spouse, or their dependents. The home must be the primary residence of the bondholder, and the exclusion is limited to a maximum of $10,000 per individual.

Rollover: The interest income from the bonds can be excluded if the bondholder rolls over the bond proceeds into another eligible savings bond. The bondholder must do this within one year of the redemption of the original bond.

Complete question is:

Interest income can be excluded on qualified u.s. savings bonds, either a series ee bond issued after 1989 or a series i bond, redeemed for which of the following reasons?

a) Taxable income under Education expenses

b)Transfer to a trust

c)Ownership transfer

d) Distribution from retirement.

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Explain the difference between public goods and private goods. Consider why profit can be

made through the supply of one type of good, but not the other. (8)
Need a full answer, Please ​

Answers

Public goods are provided by the Gov. While private goods are made from private businesses and are then bought by the consumer.

Click the links to open the resources below. These resources will help you complete the assignment. Once you have created your file(s) and are ready to upload your assignment, click the Add Files button below and select each file from your desktop or network folder. Upload each file separately.

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Answers

lol what’s the question?

What is the difference between soft and hard skills?
A Soft skills are specific to a career and are taught in classes. Hard
skills make you a good employee and can be learned anywhere.
B. Soft skills make you a good employee and can be learned
anywhere. Hard skills are specific to a career and are learned in
classes.
C. Soft skills are learned on the job and hard skills are learned before
entering the workforce.
OD. Soft skills are learned before entering the workforce and hard
skills are learned while on the job.
SUBMIT

Answers

Option (b), You can gain soft skills anyplace, and they make you a good employee. Hard skills are acquired in classes and are unique to a certain profession.

Which differences exist between hard abilities and soft skills?

"Hard skills" are the expertise and abilities required to properly do the tasks associated with a profession. The personality attributes that allow employees to flourish in work, on the other hand, are known as soft skills.

Capabilities and aptitude that have a measurable value are called hard skills. They are frequently suited to a certain vocation and can be gained through formal schooling or on-the-job training. Soft skills are more generic and less job-specific than hard abilities, and they are less well-defined than hard talents.

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Answer:

B.

Explanation:

Soft skills make u a good emplyee and can be learned anywhere..

Wages for a business should be about 32 percent of gross revenue. Does the Y Sample T-Shirt Company, INC make enough revenue to hire another employee?

Answers

Yes, Sample T-Shirt Company, INC currently only spends 21% of its budget on staff salaries at the moment. They therefore have room to increase this to 32%.

What does gross revenue mean?Gross revenue, commonly referred to as gross income, is the whole amount of money made by a business, excluding any amounts that have been or will be utilized for expenses.Gross income is the total of all incomes, salaries, profits, interest payments, rents, and other kinds of income for families and people before any deductions or taxes. It differs from net income, which is calculated as gross income less any applicable taxes and other deductions.Gross revenue is the sum of money a company makes from sales in a specific time frame. Net revenue is the difference between a company's sales for a specific time period and its expenses for that same time period.

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\

PLAN8010-Strategic Planning Assignment 1 Senario You are a new marketing assistant at Maggi India. Your manager asks you to pitch some new and innovative product ideas that will maintain brand interest and positioning. This will require you do to a engage in the steps of strategic planning by analyzing market positioning, and determining customers needs and wants through radical empathy. The end result should be approximately 7-10 PowerPoint slides, that; 1. Showcase your ideas 2. Highlight the rationale behind your ideas 3. Show your process. *Follow the step-by-step process and guidance below. About Maggi Maggi is one of the leading food brands under the umbrella of Nestle, offering a wide variety of products categorized into instant noodles, sauces, soups, and seasonings. *This project will require you to do more research. I Process Step 1 (1slide) MIG AL​

Answers

Here are some new and innovative product ideas for Maggi India

Maggi Instant Noodles with Protein Boost. This new product would be a great way to appeal to health-conscious consumers.

How to explain the information

Maggi Soups with New Flavors. Maggi could introduce new flavors to its soup line to appeal to a wider range of consumers. Some potential new flavors could include tomato basil, chicken noodle, and lentil.

Maggi Seasonings with New Ingredients. Maggi could also introduce new seasonings to its line. Some potential new ingredients could include turmeric, ginger, and garlic. These seasonings could be used to make a variety of dishes, such as rice, vegetables, and meats.

Maggi Ready-to-Eat Meals. Maggi could also introduce a line of ready-to-eat meals. These meals would be made with Maggi ingredients and would be easy to prepare. They would be a great option for busy consumers who don't have a lot of time to cook.

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Communism refers to the private ownership of resources by individuals rather than by the government.
O a. True
O b. False

Answers

Answer:

That would be false.

Explanation:

Under communism, there is no such thing as "private property".

8. Refer to the Prescription Drug table on page 4 in the sample Health Benefits Form. John is
covered under the Standard Plan and plans to purchase his prescription drugs from an
in-network pharmacy. All of the following are true, EXCEPT...
a. For a 30-day supply purchased at retail, the generic version of the prescription drug
is $40 cheaper than the preferred brand.
b.
If John is looking for the lowest cost for his prescription drugs, he should purchase
from mail order.
c. The cost of a three month supply of generic prescription drugs purchased at retail
would be $50.
di John chose
and be no difference in the price of the
generic version of prescription drugs

Answers

The patient's name, the name of the medication, the dosage, and the dosage schedule are all listed on the label of each prescription medicine container. When a prescription is filled, the pharmacy typically provides more in-depth printed information about the medicine.

Which section of the prescription contains medicine-related information?

Inscription (Medication Prescribed) The most crucial section of the prescription is the inscription, which details the drug's composition and dosage. It's possible that the medication is some kind of official or non-official formulation.

What are the 4 primary pieces of a solution?

A prescription traditionally consists of four parts, predating modern legal definitions of the term: a signature, inscription, subscription, and superscription. The patient's information, such as name, address, and age, can be found in the superscription section.

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What amenities are included in a Coli Spaces co-living apartment?

Answers

Coli Spaces co-living apartments include amenities such as fully furnished rooms, shared living areas, high-speed internet, cleaning services, on-site laundry, utilities, security measures, and community events.

Coli Spaces co-living apartments offer a range of amenities to ensure a comfortable and convenient living experience. Some of the amenities included in a Coli Spaces co-living apartment are:

1. Fully Furnished Rooms: Each apartment is equipped with high-quality furniture, including beds, desks, chairs, and storage units, providing a ready-to-move-in experience.

2. Shared Living Areas: Residents have access to spacious and well-designed common areas such as living rooms, dining areas, and kitchen facilities. These spaces are thoughtfully furnished and encourage social interaction among residents.

3. High-Speed Internet: Coli Spaces provides fast and reliable internet connectivity, allowing residents to stay connected and work or study from home without any disruptions.

4. Cleaning Services: Regular cleaning services are provided to ensure that the common areas and shared facilities are well-maintained and hygienic.

5. On-site Laundry: Co-living apartments at Coli Spaces are equipped with laundry facilities, making it convenient for residents to do their laundry without leaving the building.

6. Utilities: Basic utilities such as electricity, water, and gas are included in the rent, simplifying the payment process for residents.

7. Security: Coli Spaces prioritizes the safety of its residents, and therefore, co-living apartments are equipped with security measures such as CCTV cameras, secure access systems, and on-site staff.

8. Community Events: Coli Spaces organizes community events and activities to foster a sense of belonging among residents, providing opportunities to socialize and network.

By providing these amenities, Coli Spaces aims to create a comfortable and inclusive co-living environment that meets the needs of modern urban dwellers.

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. The 14th amendment outlines the path for citizenship in the United States. What are the ways you can be a citizen in this country? (3 points)
*
3 points
completing the naturalization process
immigrating from a different country
Being born on American soil
Being a natural-born child of American citizens
knowing all 50 state capitals
saying the pledge of allegiance

Answers

The 14th Amendment outlines the path to citizenship in the United StatesSome the ways you can be a citizen in this country is

completing the naturalization processBeing born on American soilBeing a natural-born child of American citizens

The United States Constitution's 14th Amendment was approved in 1868. It was passed in response to the post-Civil War citizenship debate involving former slaves.

Being a natural-born citizen of the United States means that you automatically became one when you were born to parents who were both citizens of the country. Being born on american Soil will also give citizenship.

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In its first year of operations, Roma Company reports the following:

• Earned revenues of $45,000 ($37,000 cash received from customers).

• Incurred expenses of $25,500 ($20,250 cash paid toward them).

• Prepaid $6,750 cash for costs that will not be expensed until next year.

Compute the company’s first-year net income under both the cash basis and the accrual basis of accounting.

Answers

Answer:

Net Income - Cash basis = $10000

Net Income - Accrual basis = $19500

Explanation:

The cash basis of accounting accounts for transactions that occured in cash in the period when cash changes hand. This means that transactions are recorded when the cash is paid or received rather than to the period to which they actually relate to.

Cash basis net income will be,

Net Income = 37000  -  20250  -  6750

Net Income - Cash basis = $10000

The accrual basis of accounting follows that the transactions should be recorded in the period to which they relate to rather then when the cash is paid out or received.

Accrual basis Net income will be,

Net Income - Accrual basis = 45000 - 25500

Net Income - Accrual basis = $19500

(Principles of management is the class I am taking )

What is a management control system? give a example

Answers

A management control system gathers information used to evaluate the performance of:

HumanPhysicalFinancialOther organizational resources.

What is a management control system?

A management control system is a management technique that evaluates the achievement of performance goals in terms of:

ProductivityProfitabilityEfficiency.

Thus, a management control system gathers information used to evaluate the performance of human, physical, financial, and other organizational resources.

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Write a 750-1,000 word paper that includes the following criteria: Describe the top three internal and top three external risks currently threating PHI data within your selected organization. Explain how risk assessments are conducted within the organization. Discuss who conducts these assessments and with what frequency. How do these assessments mitigate the risks you have identified

Answers

Answer:

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Explanation:

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2. A local manufacturing firm produces four different metal products, each of which must be machined, polished and assembled. The specific time requirements (in hours) for each product are as follows:

Machining, hours Polishing, hours Assembling, hours
Product I 3 1 2
Product II 2 1 1
Product III 2 2 2
Product IV 4 3 1
The firm has available to it on weekly basis, 480 hours of machining time, 400 hours of polishing time and 400 hours of assembling time. The unit profits on the product
are Birr 360, Birr 240, Birr 360 and Birr 480, respectively. The firm has a contract with a distributor to provide 50 units of product I, and 100 units of any combination of products II and III each week. Through other customers the firm can sell each week as many units of products I, II and III as it can produce, but only a maximum of 25 units of product IV. How many units of each product should the firm manufacture each week to meet all contractual obligations and maximize its total profit? Make a mathematical model for the given problem. Assume that any unfinished pieces can be finished the following week.

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The following list includes information on product production as well as profit:

50 units are produced for Product 1 each week.

Product 2 is produced at a weekly rate of 0 units.

Product 3 is produced at a weekly rate of 145 units.

Weekly production of Product 4 is equal to 10 units.

Weekly Profit: $1250 total

What is profit?

The monetary gain realized when the revenue from a commercial activity exceeds the costs, costs, and taxes incurred to maintain the activity in question is referred to as profit.

Any profits are returned to the company's owners, who can decide whether to keep them for their personal use, distribute them to shareholders as dividends, or reinvest them in the business.

Profit is the amount that remains after all expenses have been paid for a business. Making money is the primary goal of any business, whether it be a little lemonade stand or a publicly traded multinational organization. As a result, a company's success is determined by its profitability overall.

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Lukow Products is investigating the purchase of a piece of automated equipment that will save $150,000 each year in direct labor and inventory carrying costs. This equipment costs $800,000 and is expected to have a 5-year useful life with no salvage value. The company’s required rate of return is 12% on all equipment purchases. Management anticipates that this equipment will provide intangible benefits such as greater flexibility and higher-quality output that will result in additional future cash inflows.

1. What is the net present value of the piece of equipment before considering its intangible benefits? (Enter negative amount with a minus sign. Round your final answer to the nearest whole dollar amount.)

2. What minimum dollar value per year must be provided by the equipment’s intangible benefits to justify the $800,000 investment? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.)

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A cost-benefit analysis can also include intangible benefits and costs  using the net present value for deciding on a project is that Present value of annual cash flows $550030. giving a year 2 salvage value of 250,000 dollars for producing equipment.

Which of the following is a cash inflow from an investment?

Cash inflows (proceeds) from investing activities include: Receipts from collections of loans (except program loans) and sales of other entities' debt instruments (other than cash equivalents) Receipts from sales of equity instruments and from returns of investment in those instruments.

What does cash inflows from a project usually include?

Proceeds from sales of goods or services. Returns on investments. Financial activities. Interest built over time periods.

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