Answers
Answer:
Hello your question is incomplete attached below is the missing part
answer : 99
Explanation:
When the value increase from 0.2 to 0.25 it will take an approximate of 99 periods for the capital stock to get halfway to its new higher steady state value as shown below
s = 0.25
k ( steady state ) = [tex](\frac{0.25}{0.1} )^{\frac{1}{1-\frac{1}{3} } }[/tex] ≈ 3.95283 and this value will be obtained at period 99
Related Questions
Professor’s Annuity Corp. offers a lifetime annuity to retiring professors. For a payment of $74,000 at age 65, the firm will pay the retiring professor $450 a month until death. If the professor’s remaining life expectancy is 15 years, what is the monthly interest rate on this annuity?
Answers
Answer: 0.10%
Explanation:
The following can be gotten from the question:
n = 15 years
We change it to months. Thus will be:
= 15 × 12
= 180
Present value of an annuity :
= A × {1- (1 +r ) -n ]/r}
74000 = 450 × [ 1- (1 +r) - 180]/r
r= 0.10%
Therefore, the monthly interest rate is 0.10%.
Huggies is a popular brand of diapers that offers a variety of sizes and styles to fit babies based on weight, gender, and activity, such as swim diapers. Huggies devotes significant resources to conduct market research to understand customer needs and to ensure that its diaper products meet the needs of the customer. Rather than make just one diaper formulation, the products are highly customized and appeal to each customer's unique situation. This highlights one of the key differences between sales-oriented firms and marketing-oriented firms, which is _______.
Answers
Answer:
c. the organization's approach to marketing its products to specific customer segments rather than "everyone" or the average customer
Explanation:
Options includes: "a. the organization's primary goal to achieve profitability through sales volume , b. the organization's mission to produce the highest volume of products in a cost-efficient manner, c. the organization's approach to marketing its products to specific customer segments rather than "everyone" or the average customer , d. the organization's internal, sales-oriented focus
This highlights one of the key differences between sales-oriented firms and marketing-oriented firms, which is the organization's approach to marketing its products to specific customer segments rather than "everyone" or the average customer.
Sales oriented firm pursue the idea that the companies will produce products but will require effort from sales team to sell the product. They believe the success of the companies relies on the aggressiveness of the sales people.
Marketing oriented firm pursue the idea that the companies need to communicate the value proposition of the product. That if the value of the product can be successfully communicated, then the product will sell with considerable less effort from other departments.
Answer: c. the organization's approach to marketing its products to specific customer segments rather than "everyone" or the average customer.
The objective of tests of details of transactions performed as tests of controls is to A. Monitor the design and use of entity documents such as pre-numbered shipping forms. B. Determine whether internal controls have been implemented. C. Evaluate whether internal controls operated effectively. D. Detect material misstatements in the account balances of the financial statements.
Answers
Answer:
C. Evaluate whether internal controls operated effectively.
Explanation:
Given that, a test of details of the transaction is an activity or process carried out by auditors, which can be done together with the test of control. The purpose of the test of control is, however, to determine the effectiveness of internal control.
Hence, in this situation, the correct answer is option C: Evaluate whether internal controls operated effectively.
Nicole is a calendar-year taxpayer who accounts for her business using the cash method. On average, Nicole sends out bills for about 512,000 of her services at the first of each month. The bills are due by the end of the month, and typically 70 percent of the bills are paid on time and 98 percent are paid within 60 days.
a) Suppose that Nicole is expecting a 2 percent reduction in her marginal tax rate next year. Ignoring the time value of money, estimate the tax savings for Nicole if she postpones mailing of bills for December until January 1 of next year.
b) Describe how the time value of money affects your calculations.
c) Would this tax savings strategy create any additional business risks? Explain.
Answers
Answer:
a) I guess that Nicole bills $12,000 per month, not $512,000.
Assuming that the last time Nicole billed her customers was November, she was able to collect $11,760 before the year ended. I will also assume that the remaining $240 are uncollectible.
If Nicole postpones billing her customers during December, her taxable income as a cash basis taxpayer will decrease by $12,000 x 70% = $8,400
she will be able to save $8,400 x 2% = $168 in current taxes, but she will have to pay them next year anyways.
b) The time value of money should affect Nicole's calculations because she is saving the interests that could be earned by $168 in 1 year. We are not given any specific interest rate but we could use 6% as an example. Nicole will gain $168 x 6% = $10.08
But she will also lose potential interests earned on the $8,400 that she billed later. Using the same interest rate, 6%, she will lose $8,400 x 6% x 1/12 (only 1 month) = $42.
That means that the net result from this = $10.08 - $42 = -$31.92.
As you can see, Nicole is losing money. The higher the interest rate, the more money she will lose.
c) The risk of increasing uncollectible accounts will always exist. Nicole already has around 2% of uncollectible accounts, and combining two bills at one time might lead to a higher percentage of uncollectible accounts. Of course, this depends on her clients, but the risk will increase a little bit or a lot, but it will increase.
Today is June. Suppose you buy a futures contract for 42,000 gallons of RBOB gasoline delivered in December. The contract settles at $1.50 per gallon today. You decide to exit in August, when the contract settles at $1.45 per gallon. Calculate your payoff from holding the position between June and August
Answers
Answer:
The payoff from holding the position between June and August is $2,100 "loss"
Explanation:
Since I had gone long on the contract and it has gone down in value, I would be having a loss. The value of the loss will be:
= ($1.5 - $1.45) x 42,000 gallon of RBOB gasoline
= $0.05 * 42,000 gallon of RBOB gasoline
= $2,100 (Loss)
1. Revenues = $27,000; Expenses = $18,000; Net income = ____________. 2. Increase in stockholders' equity = $17,000; Issuance of common stock = $11,000; Net income = $12,000; Dividends = ____________. 3. Assets = $24,000; Stockholders' equity = $15,000; Liabilities = ____________. 4. Total change in cash = $26,000; Net operating cash flows = $34,000; Net investing cash flows = ($17,000); Net financing cash flows = ____________.
Answers
Answer:
1. $9,000
2. $6,000
3. $9,000
4. -$25,000
Explanation:
Here, we are expected to calculate values for the terms using the values in the preceding term for each question;
1. Net Income
Mathematically, net income = Revenues - Expenses = 27,000 - 18,000 = $9,000
2. Dividends
Mathematically;
Change in stock holder’s equity = Issuance of common stock + Net Income - Dividends
Hence;
Dividends = Net Income + Issuance of Common Stock - Dividends
Dividends = 12,000 + 11,000 - 17,000 = 23,000 -17,000 = $6,000
3. Assets
Mathematically ;
Assets = Liabilities + Stockholder’s Equity
Thus;
Liabilities = Assets - Stockholder’s Equity
Liabilities = 24,000 -15,000 = $9,000
4. Net Operating Cash Flows;
Mathematically;
Net Financing cash flows = Total change in cash - ( Net operating cash flows + Net Investing Cash flows)
Net Financing cash flows = $26,000 - (34,000 + 17,000)
Net financing cash flows = 26,000 - 17,000 -34,000 = -$25,000
Ben is assigned by his employer to improve an ultrasonic range-finding device. While working on the improvement, he recognizes that a novel modification of the equipment might be applicable to military submarines, which, if successful, could be worth a lot of money to his employer. However, Ben is a pacifist, a person who opposes war of any kind, and does not want to be involved in military work. He does not develop the idea himself or mention it to anybody else in the company. He has signed an agreement that all inventions he produces on the job are the property of the company but does not believe the agreement is relevant to this situation. If Ben decides whether the potential military application would be used for offensive aims, or only used for defensive purposes, his issue is primarily:
Answers
Answer:
1. He has not developed the idea yet
2. His employer knows he his a pacifist so he has the delima is he ethically correct to not develop a product that can be used for warfare.
Explanation:
In this scenario Ben signed an agreement with his employer that all ideas he has developed on the job and while working with the company is a property of the company.
This is a common agreement that gives a company property rights over work developed by their employees.
However since Ben is a pacifist he has an ethical dilemma when he has an idea that can weaponize an ultrasonic range-finding device.
He is justifying his decision by saying the idea has not been developed yet and his employer will not expect him to develop such technology since he is a pacifist.
Recently, the owner of Martha's Wares encountered severe legal problems and is trying to sell her business. The company built a building at a cost of $1,240,000 that is currently appraised at $1,440,000. The equipment originally cost $720,000 and is currently valued at $467,000. The inventory is valued on the balance sheet at $410,000 but has a market value of only one-half of that amount. The owner expects to collect 98 percent of the $225,200 in accounts receivable. The firm has $10,500 in cash and owes a total of $1,440,000. The legal problems are personal and unrelated to the actual business. What is the market value of this firm?
Answers
Answer:
Net market value of firm = $903,196
Explanation:
Items to determine the Market value of the firm are as below
Item Amount
Current value of building $1,440,000
Current value of equipment $467,000
Market value of inventory $205,000
Cash in hand $10,500
98% of debtors $220,696
Less: Owings -$1,440,000
Net market value of firm $903,196
An investor in a limited partnership generating passive losses can offset these against:___________.
A. REIT dividends
B. income generated from direct investments in real estate
C. dividends received from blue chip corporations
D. capital gains generated from the sale of securities
Answers
Answer:
B. income generated from direct investments in real estate
Explanation:
Given that passive losses can only be offset by passive income, then from the available options, REIT otherwise known as Real Estate Investment Trust, the dividend is not categorized as passive income by the Internal Revenue Service, hence, option A is wrong.
Also, dividends received from blue-chip corporations is not a passive income, hence, option C is wrong.
At the same time, option D which is capital gains generated from the sale of securities is not a passive income either.
Therefore, option B, which is income generated from direct investments in real estate is a perfect example of passive income. Hence, the right answer.
Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as follows: Cash collected from customers, $325,000; Cash paid for rent, $37,000; Cash paid to employees for services rendered during the year, $117,000; Cash paid for utilities, $47,000. In addition, you determine that customers owed the company $57,000 at the end of the year and no bad debts were anticipated. Also, the company owed the gas and electric company $1,700 at year-end, and the rent payment was for a two-year period. Calculate accrual net income for the year.
Answers
Answer:
Explanation:
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Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as follows: Cash collected from customers, $325,000; Cash paid for rent, $37,000; Cash paid to employees for services rendered during the year, $117,000; Cash paid for utilities, $47,000. In addition, you determine that customers owed the company $57,000 at the end of the year and no bad debts were anticipated. Also, the company owed the gas and electric company $1,700 at year-end, and the rent payment was for a two-year period. Calculate accrual net income for the year.
what is the purpose of the accounting debit and credit system
Answers
Explanation:
to make sure that both are balanced
The Work in Process Inventory account of a manufacturing company that uses an overhead rate based on direct labor cost has a $6,884 debit balance after all posting is completed. The cost sheet of the one job still in process shows direct material cost of $2,600 and direct labor cost of $1,400. Therefore, the company's overhead application rate is:______
a. 111% of direct labor cost.
b. 186% of direct labor cost.
c. 206% of direct labor cost.
d. 49% of direct labor cost.
e. 54% of direct labor cost.
Answers
Answer:
d. 49% of direct labor cost.
Explanation:
Overhead Rate based on direct labor has cost of $6,884
Direct material costs $2,600
Direct labor costs $1,400
Overhead Cost based on direct labor cost = Direct Labor Costs * Percentage Rate
Percentage Rate= Overhead Cost / Direct Labor Costs
Percentage Rate = $6,884 /$1,400 = 4.917
This can be rechecked by multiplying the direct labor cost with the given rate.
So multiplying $1400*4.917= $6,884 which is the required amount.
Which two terms are associated directly with the way an annuity is funded?
A) Renewable or convertible.
B) Single payment or periodic payments.
C) Increasing or decreasing.
D) Level of flexible.
Answers
Answer:
D
Explanation:
Annuities can either be paid for as a lump sum (Single payment) or periodic payment.
Periodic payments can wither be fixed or variable
fixed payment is when a fixed amount is payed at a particular year. For example, $400 is paid at the beginning of every year.
Variable payment is when there is no structure in the amount or time the annuity is funded
ank states that its decision to offer home loans at an extremely low initial, but variable, rate is rooted in the idea that all have a right to owning an affordable home. The bank does not state that the loans are packaged in a product sold to another, larger bank that may or may not work with customers in difficult situations. The smaller bank is no longer exposed to the risk of longer-term loans, and makes a large profit. Which moral theory is the bank operating under?
Answers
Answer: Ethical Egoism
Explanation:
The theory of Ethical Egoism posits that people or entities are well within their rights to act in a manner that benefits their best interest and in so doing are being good in their own right.
The small bank acted in such a manner that it left itself unexposed to risk whilst still making quite a huge profit. The small bank pursued its own interests and so followed the moral theory of Ethical Egoism.
g Bonds of ABC Corp. are currently priced at $932. The bonds have a face value of $1,000. Coupon payments occur twice per year. The bonds have 12 years left until maturity. These bonds are: a. discount bonds. b. premium bonds. c. par bonds. d. money market securities. e. deluxe bonds.
Answers
Answer:
a. discount bonds
Explanation:
When the Price of the Bond is less than the par value (face value) of the bond, we say that the bonds are trading at a discount.
When the Price of the Bond is greater than the par value (face value) of the bond, we say that the bonds are trading at a premium.
In this case the price is $932 and the face value is $1,000, thus the bonds are discount bonds.
During this stage of résumé review, employers use the résumé to guide interview questions: a. Stage 1 b. Stage 2 C. Stage 3
Answers
Answer:
the correct option is C
Explanation:
good luck!
During this stage of resume review, employers use the resume to guide interview questions as Stage 3. Thus, option (c) is correct.
What is resume?
The term “resume” is a formal document to present a job applicant with mention of specific details. The resume is a one- or two-page summary of a person's details, such as education, skills, and work experience.
There are divided into four categories of resumes, such as functional resume, combination resume, chronological resume, and targeted resume.
During the requirements process, resume review is divided into three stages, such as stage one: technology check; stage two: human screening; and stage three: interviewing.
A supervisor or hiring manager will now place the job applicant's resume in the “interview pile” for further consideration. This is the third stage of the resume evaluation process.
Therefore, option (c) is correct.
Learn more about on resume, here:
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In order to fund her retirement, Karen needs her portfolio to have an expected return of 13.5 percent per year over the next 30 years. She has decided to invest in Stocks 1, 2, and 3, with 25 percent in Stock 1, 50 percent in Stock 2, and 25 percent in Stock 3. If Stocks 1 and 2 have expected returns of 9 percent and 10 percent per year, respectively, then what is the minimum expected annual return for Stock 3 that is likely to enable Karen to achieve her investment requirement? (Round answer to 1 decimal place, e.g. 17.5%.)
Answers
Answer:
The return of stock C should be 25% for Karen to achieve her target.
Explanation:
The expected return on a portfolio is the weighted average of the individual stocks' returns that form up the portfolio. To calculate the expected return on the portfolio we use the following formula,
Portfolio return = wA * rA + wB * rB + ... + wN * rN
Where,
w is the weight of each stock in the portfolio r is the return of each stock
Let return of Stock C be x.
0.135 = 0.25 * 0.09 + 0.5 * 0.1 + 0.25 * x
0.135 = 0.0225 + 0.05 + 0.25x
0.135 - 0.0225 - 0.05 = 0.25x
0.0625 = 0.25x
x = 0.0625 / 0.25
x = 0.25 or 25%
The return of stock C should be 25% for Karen to achieve her target.
Which factor will not shift the labor supply curve?A. a change in preferences and social normsB. changes in wealthC. changes in opportunitiesD. a change in the wage rate
Answers
Answer:
D. a change in the wage rate
Explanation:
A change in the wage rate would lead to a movement along the supply curve.
An increase in wages would increase the quantity supplied. This would lead to a movement up along the supply curve.
A decrease in wages would decrease the supply of labour. This would lead to a movement down along the supply curve
Kilgore Company experienced the following events during its first accounting period. (1) Issued common stock for $5,000 cash. (2) Earned $3,000 of cash revenue. (3) Paid a $4,000 cash to purchase land. (4) Paid cash dividends amounting to $400. (5) Paid $2,200 of cash expenses. The market value of the land at the end of the accounting period was $4,300. Based on this information the amount of total assets appearing on the year-end balance sheet is
Answers
Answer: $5400
Explanation:
An asset is a property or an item that is owned by an economic entity such as an individual or firm which has a value and can be used by its owner to meet obligations and liabilities.
Based on this information the amount of total assets appearing on the year-end balance sheet will be:
Cash Revenue - Cash expenses
= $5000 + $3000 - $4000 - $400 - $2200
= $1400
Land = $4000
Cash + Land
= $1400 + $4000
= $5400
Which one of the following statements is true?1) If the market price falls below the Average Fixed Costs (AFC) of production then the firm will minimize losses by "shutting down" production.2) A firm will earn an economic profit if it sells output at a market price that exceeds the Average Variable Costs (AVC) of production.3) At the current level of production (q) the Marginal Revenue is (MR=) $25 and Marginal Cost is (MC=) $20 the perfectly competitive firm should decrease its' level of production.A. Only Statement (1) is true.B. Only Statements (2) and (3) are true.C. Only Statement (3) is true.D. Only Statements (1) and (3) are true.E. None of the Statements is true.
Answers
Answer: E. None of the Statements is true.
Explanation:
Statement 1 is false because the firm should shutdown only after market prices have dropped below Average Variable Costs not Average Fixed costs because the fixed costs have already or will be incurred regardless. The best way to limit losses would be to stop the activity that adds more costs per unit which would be variable costs.
Statement 2 is also false because profit will be made when the firm sells at a price that exceeds Average Total Cost not just Average Variable Cost.
The firm maximises profit at a point where Marginal Revenue equals Marginal Cost. If Marginal Revenue exceed marginal cost as it the case here, it means resources are being underutilised and the perfectly competitive firm needs to produce more to maximise profit not less. Statement 3 is therefore wrong as well.
Which of the following is one of the reasons that the supply curve for loanable funds is upward sloping? A lower real interest rate makes saving less appealing. A higher real interest rate makes borrowing less expensive. A lower real interest rate encourages domestic consumers to purchase foreign securities and discourages foreigners from purchasing domestic securities. A lower interest rate makes borrowing less expensive
Answers
Answer:
A lower real interest rate makes saving less appealing.
Explanation:
The lower the interest rate, the lower the amount saved and the higher the interest rate, the higher the amount of money saved. There is a positive relationship between interest rate and the supply of loanable funds. This is why the supply curve for loanable funds is upward sloping
Three major segments of the transportation industry are motor carriers such as YRC Worldwide, railroads such as Union Pacific, and transportation logistics services such as C.H. Robinson Worldwide, Inc. Recent financial statement information for these three companies follows (in thousands): YRC Union Pacific C.H. Robinson Sales $4,832,400 $21,813,000 $13,476,084 Average total assets 1,939,800 53,486,000 3,199,348 a. Determine the asset turnover for all three companies. Round to one decimal place. YRC Union Pacific C.H. Robinson
Answers
Answer and Explanation:
The formula that is to be used to determine the asset turnover is shown below:
Asset turnover is
= Net sales ÷ Average total assets
For YRC
= $4,832,400 ÷ $1,939,800
= 2.5 times
For Union Pacific
= $21,813,000 ÷ $53,486,000
= 0.4 times
For C.H robinson
= $13,476,084 ÷ $3,199,348
= 4.2 times
We simply applied the above formula
Inventory Valuation under Absorption Costing Amiens Company produced 20,000 units during its first year of operations and sold 18,900 at $17 per unit. The company chose practical activity—at 20,000 units—to compute its predetermined overhead rate. Manufacturing costs are as follows: Direct materials $ 80,000 Direct labor 101,400 Variable overhead 15,600 Fixed overhead 54,600Required: 1. Calculate the unit cost for each of these four costs. Round your answers to the nearest cent. Direct Materials Cost $ Direct Labor Cost $ Variable Overhead Cost $ Fixed Overhead Cost $ 2. Calculate the cost of one unit of product under absorption costing. Round your answer to the nearest cent. $ 3. How many units are in ending inventory? $ 4. Calculate the cost of ending inventory under absorption costing. $
Answers
Answer:
Required 1
Direct Materials Cost = $4.00
Direct Labor Cost = $5.07
Variable Overhead Cost = $0.78
Fixed Overhead Cost = $2.73
Required 2
Unit Cost = $12.58
Required 3
Units in Ending Inventory = 1,100
Required 4
Cost of ending inventory = $13,838
Explanation:
Unit Cost Calculations :
Direct materials = $ 80,000 ÷ 20,000 units
= $4.00
Direct labor = $101,400 ÷ 20,000 units
= $5.07
Variable overhead = $15,600 ÷ 20,000 units
= $0.78
Fixed overhead = $54,600 ÷ 20,000 units
= $2.73
Unit Cost (Absorption Costing) = All Manufacturing Costs
= $4.00 + $5.07 + $0.78 + $2.73
= $12.58
Units in Ending Inventory = Opening Inventory Units + Production - Sales
= 0 + 20,000 units - 18,900 units
= 1,100
Cost of ending inventory = Unit Cost × Units in Ending Inventory
= $12.58 × 1,100
= $13,838
Ross would like to dispose of some land he acquired five years ago because he believes it will not continue to appreciate. Its value has increased by $50,000 over the five-year period. He also intends to sell stock that has declined in value by $50,000 during the eight-month period he has owned it. Ross has four offers to acquire the stock and land. Identify the tax issues relevant to Ross in disposing of this land and stock. Buyer 1: Exchange land. Buyer 2: Purchase land for cash. Buyer 3: Exchange stock. Buyer 4: Purchase stock for cash.
Answers
Answer:
Buyer 1: Exchange land.
Qualifies for §1031 deferral treatment. If Ross disposes of the land in exchange for another asset, he can differ the payment of capital gains taxes.
Buyer 2: Purchase land for cash.
If Ross sells the land for cash, then he will have a $50,000 long term capital gain which can be offset against a long term capital gain or a short term capital loss. In this case, Ross may want to sell the stocks in order to offset any taxes.
Buyer 3: Exchange stock.
The loss on the sale of stocks cannot be deferred (does not qualify for §1031 deferral treatment).
Buyer 4: Purchase stock for cash.
If Ross sells the stock for cash, he will be able to report the $50,000 short term capital loss, and he is able to offset the long term capital gain from selling the land.
Suppose you are an operations manager for a plant that manufactures batteries. Give an example of how you could use descriptive statistics to make better managerial decisions. Give an example of how you could use inferential statistics to make better managerial decisions.
Answers
Please find full question attached
Answer:
Inferential statistics
Descriptive statistics
inferential statistics
descriptive statistics
Descriptive statistics
Inferential statistics
Explanation:
Descriptive statistics describes data and gives us a picture of what the data summary looks like using such things as mean and central tendency measures. Inferential statistics on the other hand aims to make predictions using the data based on data analysis such as collecting sample from population and constructing hypotheses to estimate outcomes for the general population. Example in the question, the first is inferential statistics as we make generalized predictions on batteries using data samples from the population of batteries of a particular type.
Jack performs maintenance on the manufacturing machinery, and Charlie performs maintenance on the office computers. Would their salaries be classified differently? A : Yes, Jack’s salary would be classified as direct labor, whereas Charlie’s salary would be classified as indirect labor. B : Yes, Jack’s salary would be classified as a product cost, whereas Charlie’s salary would be classified as a period cost. C : No, both salaries would be classified as indirect labor. D : No, both salaries would be classified as a product cost.
Answers
Answer:
B : Yes, Jack’s salary would be classified as a product cost, whereas Charlie’s salary would be classified as a period cost.
Explanation:
In determining the product cost, Jack's salary which forms part of the manufacturing overhead will be included in the total manufacturing costs whereas Charlie's salary will be regarded as a period cost. This makes option B the correct choice. The maintenance costs on manufacturing machinery and office computers are classified differently in a manufacturing setting because Jack's maintenance affects manufacturing indirectly while Charlie's maintenance affects the office administration directly.
Every decision involves trade-offs because:________
Answers
there are always alternatives that we give when we choose one thing over another
Which of the following is a drawback of Porter’s five forces model? Multiple Choice Managers cannot determine the changing speed of an industry or the rate of innovation. It fails to provide a basis for deriving implications for a firm’s strategic position within an industry. The model describes competition narrowly as a firm’s closest competitors. The model fails to consider that threat of substitutes can come from outside a given industry.
Answers
Answer: Managers cannot determine the changing speed of an industry or the rate of innovation.
Explanation:
A drawback of Porter’s five forces model is that managers cannot determine the changing speed of an industry or the rate of innovation.
With Porter's five-forces-plus-complements model, it is difficult for an economic entity to determine the rate if innovation in an organization or the changing speed of the industry and this means that the managers have to repeat their analysis constantly so as to have a picture of their industry that is more accurate.
The market for apartments was captured by a monopolist who charges high rents to some renters, leading many renters to complain to their local government. The city council in response decides to implement a price ceiling on apartments of $500. Demand in this market is represented by the
Answers
Answer:
70 units$700Explanation:
1. The demand curve is given and the price is given as well. Substitute the price ceiling into equation.
P = 1,200 - 10q
500 = 1,200 - 10q
q = (1,200 - 500 ) / 10
q = 70 units
2. If there was no price ceiling and 50 units, market price would be;
P = 1,200 - 10 * 50 apartments
P = $700
Three phases of the management process are planning, directing, and controlling. Match the following descriptions to the proper phase. a. Process by which managers, given their assigned levels of responsibilities, run day-to- day operations. b. Isolating significant departures from plans for further investigation and possible remedial action. It may lead to a revision of future plans. c. Developing long-range courses of action to achieve goals. Phases:1. Planning 2. Directing 3. Controlling
Answers
Answer:
1. Directing.
2. Controlling.
3. Planning.
Explanation:
Management can be defined as the process of controlling or dealing with the affairs of an organization such as employees, policies etc in order to achieve set goals and objectives. The three (3) phases of the management process are planning, directing, and controlling.
a. Directing: process by which managers, given their assigned levels of responsibilities, run day-to- day operations.
b. Controlling: isolating significant departures from plans for further investigation and possible remedial action. It may lead to a revision of future plans.
c. Planning: developing long-range courses of action to achieve goals.
