Instead of buying groceries and dining out, it is wise to use credit to purchase a car.
Describe credit cards.A small, rectangular piece of plastic or metal known as a credit card, which is issued by a bank or another financial institution, enables its owner to borrow money in order to pay for goods and services at establishments that accept credit cards. Credit cards impose the requirement that cardholders repay the borrowed cash in full or over time, either by the billing date or at a later period, together with any applicable interest and any other agreed-upon costs.
In addition to the standard credit line, the credit card issuer may also offer cardholders a separate cash line of credit (LOC), which enables them to borrow money in the form of cash advances that can be accessed through bank teller machines, ATMs, or convenience checks from their credit cards.
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price is the only part of the marketing mix that is revenue producing. group of answer choices true false
The only component of the marketing mix that generates revenue is price.
One of the four main components of the marketing mix is pricing. Pricing is the only part of the marketing mix that brings in money; the other three are cost centers, or they make a company more expensive. The business model is strongly correlated with pricing.
Is price the most crucial component of the marketing mix?
Price is probably the most important part of the marketing mix because it ultimately decides how much money a company makes and how long it stays in business.
Why is cost the most significant of the four Ps?
A product's margin, which includes a portion that can be used for marketing, is determined by its online price. Marketers have more money to market a product if the margins are high.
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11. When businesses sponsor
community events they are largely
fulfilling their
responsibility to:
what are the likely reason(s) that the market for electricity is not perfectly competitive? select all that apply. instructions: you must make a selection for each option. click once to place a check mark for correct answers and click twice to empty the box for wrong answers. check all that apply it is difficult to enter or exit the industry as a supplier.unanswered electricity is not a standardized (homogeneous) product.unanswered there are few buyers in the market.unanswered there are few sellers in the market.unanswered
In a perfect market structure, both producers and consumers have complete and symmetrical information and there are no transaction costs. In this type of scenario, a sizable number of producers and customers are in competition with one another.
Theoretically, a market with perfect competition is not monopolistic. In the market, there aren't many purchasers. It is challenging for suppliers to enter or leave the market. There are many buyers and sellers in a market with perfect competition, and they all start the exchange process.
The market is unrestricted and devoid of direct rivalry. It is presumptively true that all vendors are offering uniform or homogeneous goods. One standard or ideal type to which actual market structures can be contrasted is perfect competition.
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what is the total amount of high-quality energy available after the energy needed to make it available is subtracted?
Net energy is the total amount of high-quality energy available after the energy needed to make it available is subtracted.
A facility's or technology's net energy is the difference between the energy it produces and the energy needed to build and run it. The energy needed to generate all inputs, such as steel, concrete, etc., is included in the required energy.
Energy required minus energy produced equals positive net energy, which is larger than 1. The latter is also known as the energy return on investment or net energy ratio.
Analysis of net energy makes it possible to compare various energy sources and track changes over time as we access farther-flung, more complex sources of energy.
Though generally simple to understand, the conceptual and bookkeeping aspects of net energy analysis are complex (e.g., how to compare various forms of energy like liquid fuels and electricity, or whether to add the energy needed to support research and development?).
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your first job is in hotel management and recently you were promoted to hotel manager for a large convention hotel in downtown new orleans. answer the following questions given the information below for one day. what is the total contribution to profit and overhead?
$41,000 is the total contribution to profit and overhead for one day in hotel in downtown new orleans.
given,
Contribution by Business Hotel Customers is
= Sales - variable cost
= (100-25) ×280
= $21,000
Now
Contribution by Convention Association Hotel Customers = (Sales - variable cost)*400
= (75 - 25)× 400
= $20,000
Total contribution to profit and overhead is
= $21,000 + $20,000
= $41,000
$41,000 is the total contribution to profit and overhead.
the complete question is:
Your first job is in hotel management and recently you were promoted to Hotel Manager for a large convention hotel in downtown New Orleans. Answer the following questions given the information below for one day. What is the total contribution to profit and overhead?
Characteristic/Variable Business Hotel Customers (B) Convention Association Hotel Customers (C)
Customers for this day (D) 280 room nights rented (DB) 400 room nights rented (DC)
Average price/room night (VC) $100 (PB) $75 (PC)
Variable cost/room night (VC) $25 $25
Maximum price/room night (called the rack rate) $150 $110
Maximum number rooms available for sale this day 300 room nights available 700 room nights available
a. $39,500
b. $44,170
c. $38,750
d. $41,000
e. $34,567
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understand the different types of pricing objectives and how pricing affects each one:] a. survival b. profit c. return on investment d. market share e. cash flow f. status quo g. product quality
Only in special circumstances or on a temporary basis may survival pricing be used.
How does pricing policy impact an organization's ability to survive?Many operations of the firm's activities are directly correlated with a product's price. Demand will be impacted by a price decision, which in turn will have an impact on the firm's income. Similar to this, a profitable company tends to draw in more new funding.
How price impacts revenue?Your pricing approach will have an impact on the profit margin you make on each unit sold; assuming you don't lose sales, charging more will result in a higher profit margin. In contrast, higher pricing that result in lower sales volumes might reduce or even erase your profits because your overhead costs per unit rise as you sell fewer units.
What is ROI and how is it impacted by pricing?ROI is to quantify the relationship between an investment's return and cost. ROI is calculated by dividing the benefit (or return) of an investment by its cost. A percentage or ratio is used to represent the outcome.
How market share is impacted by pricing?Customers' interest and loyalty can be attracted by offering lower and more alluring prices. The vital sales that increase market share could increase as a result. In addition to providing promotions, coupons, freebies, and other benefits to customers, a business can consider discounts on the actual cost of the goods.
How do prices impact cash flow?One of the key aspects of a company's performance that directly affects cash flow is pricing. If you overcharge for your services, your cash flow will suffer along with your profit margin. If you price things too expensive, you run the danger of pricing potential clients out who either can't or won't pay.
How do prices impact the status quo?The more that higher prices denote higher quality, the less sensitive consumers become to price. Competition pricing, also referred to as status quo pricing, is either keeping current prices (status quo) or basing prices on those of rival businesses.
How does product quality relate to price?Small pricing adjustments translate into huge quality changes when prices are low. Small price changes correspond to smaller quality changes when prices are higher. But in every situation, more expensive goods are of superior quality.
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the panic of 1819: group of answer choices resulted partly from an upsurge in european demand for american farm products that the united states was unprepared to meet. led to impossibly high prices for western lands. prompted some states to suspend debt collections, which helped debtors but hurt creditors. enhanced trust in banks because they did such a good job of weathering the economic storm.
The Panic of 1819 was the result of over-speculation on newly available western lands, which led to high prices on land and banks foreclosing on western lands. It caused an international financial crisis.
The panic of 1819:
a. was partially caused by an increase in the demand for American farm products in Europe, which the United States was ill-equipped to meet.
b. caused western land prices to skyrocket.
c. increased trust in banks as a result of their excellent handling of the economic crisis.
d. led to the suspension of debt collection efforts in some states, which benefited debtors but hurt creditors.
e. motivated John Marshall's decision in Gibbons v. Ogden to side against the banking power.
The Second Bank of the United States (SBUS), which was heavily involved in these inflationary practices, started sharply reducing the amount of loans made by its western branches in 1818 in order to make up for its lax approach to controlling the state bank credit market. The state-chartered banks started foreclosing on the heavily mortgaged farms and commercial properties they had financed after the SBUS presented them with their own banknotes for redemption and they failed to provide gold specie from their reserves. A sudden increase in European agricultural production in 1817 and the ensuing financial panic both resulted in widespread bankruptcies and high unemployment.
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ta failte romhat is a boutique store specializing in irish foods and gifts. they sell woolen sweaters handmade in the aran islands for 104 euros. the sweaters cost them 48 euros. if the manager of the store wanted to achieve a 65% target margin, what should be the selling price for the sweaters in euros?
The selling price is the cost a customer pays for a good or service. Depending on the price that consumers are willing to pay, the price's reasonableness in comparison to prices charged by competing businesses in the market, as well as the seller's acceptability threshold.
What is selling price ?The final price to the seller, or what the customer actually pays, is the selling price of a good or service. A good or service can be traded in a precise quantity, weight, or measurement.
The selling price, commonly referred to as the list price or marked price, is the amount that a seller currently earns from a customer after negotiating a price or striking a deal. Usually, the selling price is lower than the marked price. However, there are situations when the marked price as well as the selling price will be the same. One example of this is a store with a fixed pricing where the shopkeeper forgoes any form of discount or price decrease.
The price a consumer will pay to purchase a product is known as the selling price. A retailer must add an additional sum to the selling price in order to cover their product costs if they wish to generate a positive gross margin (or gross profit percentage). This extra sum must be enough to pay the retailer's selling, general, and administrative costs as well as a small profit.
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three years ago, you purchased a corporate bond that pays 4.30 percent. the purchase price was $1,000. what is the annual dollar amount of interest that you receive from your bond investment?
The annual interest earned on the bond is $43
A sort of financial product sold to investors is a corporate bond, which is issued by a business. The investor receives a predetermined amount of interest payments at either a fixed or variable interest rate in exchange for providing the firm with the money it requires. The bond "reaches maturity" when it stops making payments and the initial investment is refunded. High-quality corporate bonds are regarded as a conservative and generally safe investment. Bonds are frequently included in portfolios being built by investors to balance out riskier investments like growth stocks.
Computation of interest earned per annum:
Interest earned per annum = Face value of the bond*Interest rate
= 1000*4.3%
= $43
So, interest earned is $43 per annum
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technology companies, software companies, and internet-based companies are good illustrations of organizations with multiple choice achievement-oriented cultures. integrative cultures. diverse cultures. adaptive cultures. inwardly focused cultures.
Companies in the technology, software, and internet sectors are excellent examples of firms with adaptable cultures. The right response in this case is option C.
A corporate culture that is adaptable enables an organization to change in response to demand from both inside and outside the company. The employees will be more resistant to stress if the business culture constantly fosters a pleasant psychological environment.
Cultural adaptation can take many forms, such as learning the greetings of the new culture, picking up phrases and words from the new culture, understanding clothing rules in the new culture, and learning how to use the goods and services available in the new society.
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true or false: under the currency board in place in hong kong, the government is limited in its ability to print money.
The statement is True. Under the currency board in place in hong kong, the government is limited in its ability to print money.
Government formation is the system in a parliamentary device of choosing a high minister and cupboard contributors. If no birthday party controls a majority of seats, it could also involve identifying which parties might be part of a coalition government.
There are numerous distinctive forms of government for the duration of the sector. The main kinds of authorities include autocracy, aristocracy, and democracy. The autocracy-One individual holds absolute strength within the united states.
In precis, proper governance pertains to the political and institutional methods and results that are essential to gain the goals of improvement. The genuine take look at 'suitable' governance is the degree to which it provides the promise of human rights: civil, cultural, economic, political, and social rights.
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the operating expense ratio: question 1 options: a) shows the percentage of potential gross income consumed by operating expenses b) should reflect the cost of mortgage financing c) highlights the relationship between net operating income and operating expenses d) expresses operating expenses as a percent of effective gross income.
The operating expense ratio expresses operating expenses as a percent of effective gross income.
The operational expense ratio (OER), which is used in real estate, is a calculation of a property's running costs in relation to its income. It is determined by dividing the operating expense of a property (less depreciation) by the total operating income.
OER is used to compare the costs of properties with similar characteristics. Red flags that can prevent an investor from buying a certain property include greater running costs, maintenance costs, or utility costs.
The optimal OER ranges from 60% to 80%. (although the lower it is, the better).
Because it indicates that expenses are being kept to a minimum in relation to revenue, a lower operating expense ratio (OER) is more appealing to investors.
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No matter which brand he chooses, gareth will pay for the freezer on his credit card, which has an apr of 9.31%, compounded monthly. it takes gareth eighteen months to pay off a brand s freezer and four years to pay off a brand r freezer. assuming that gareth makes no other purchases or payments with his credit card, over the next ten years, which brand of freezer will have a lower lifetime cost, and how much lower will it be? (round all dollar values to the nearest cent.) a. brand r will be $548.18 cheaper than brand s. b. brand r will be $712.40 cheaper than brand s. c. brand s will be $85.00 cheaper than brand r. d. brand s will be $164.22 cheaper than brand r.
The correct option is (a) Gareth will choose the Brand R credit card for the freezer because it is $548.18 less expensive than the Brand S.
An annual percentage rate, or APR, is used to express the interest rate that is applied to the principal amount of a loan.
The credit card's yearly percentage rate is 9.31%.
Gareth takes four years to pay off a Brand R freezer compared to just 18 months for a Brand S freezer.
Overall, ten years have gone.
To determine which credit card has the lowest lifetime cost for a freezer, we must compare the APRs of the two cards.
Let's say there are 1000 freezers. As a result, the APR for 18 months will be lower because the interest rate's duration is shorter.
The B and R will therefore be $548.18 less expensive than Brand S, according to a comparison of the APR.
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use the following facts for a manufacturer. raw materials purchases $ 200,000 direct labor $ 450,000 indirect labor $ 35,000 selling and administrative costs $ 102,000 depreciation on factory equipment $ 120,000 other factory costs $ 165,000 sales revenue ($100 per unit) $ 2,296,000 january 1 december 31 raw materials $ 15,800 $ 13,300 work-in-process $ 35,700 $ 46,500 finished goods $ 85,100 2,200 units $138,400 3,340 units (not all produced in current year) what is the cost of direct materials used for the year? a. 189,200 b. 197,500 c. 202,500 d. 200,000 e. 215,800
The cost of the materials utilized for the provided inquiry in one year was $100,2700.
Production-related raw materials:
= Beginning Raw Material Inventory - Raw Material Purchases - Ending Raw Material Inventory
= $15,800 + $200,000 - $85,100
= $130700
Total cost of production:
Added to the Work in Process: Direct Labor, Manufacturing Overhead, and Raw Materials Used in Production
= $130700 + 450,000 + ( 35,000 + 102,000 + 120,000+165,000)
= $1002700
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you are a group cash manager interested in the north american business market. what are the personalization options available to you in sap fiori? there are 2 correct answers to this question.
The personalization options available in SAP Fiori are to create access to North American accounts as payable groups so that it can report to us and to create an app that will directly take us to the North American business market's cash position.
For the North American accounts payable group that reports to you, you can grant access to pertinent apps. You can develop an app that will take you directly to the North American business market's cash position. The Iaunch-pad colour scheme can be modified in accordance with the cash report's predefined values. You can organise all the apps needed for your daily operations into a tile group for quick access.
With simple screens that work on any device, SAP Fiori is a design system that enables you to create business apps with a consumer-grade user experience. This transforms regular users into SAP experts. You can quickly create and customise your own apps by using the SAP Fiori design guidelines and tools.
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If nabisco had established a pricing objective of selling one out of every three crackers consumed in the world, it would have established an objective based on?.
If Nabisco had established a pricing objective of selling one out of every three crackers consumed in the world, it would have established an objective based on market share.
In the field of business, market share can be described as the particular percentage that a company makes in generating revenue for a certain product amongst all of the market for that product. It is a comparison of the output that a company has made by selling a product in comparison to other companies.
In the scenario above, Nabisco has made a market share objective to be the person who sells one out of three crackers in the whole worldwide market.
Although a part of your question is missing, you might be referring to this question:
If Nabisco had established a pricing objective of selling one out of every three crackers consumed in the world, it would have established an objective based on?
-marker revenue
-market share
-GDP
-market output
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discuss and name two actual standards numbers/descriptions required for the auto industry supply chain
Two actual standard numbers required for the auto industry supply chain are IATF 16949 and AEC-Q100.
Manufacturers must adhere to strict industry standards throughout the production and testing processes in order for a component to be certified for use in automobiles. IATF 16949, AEC-Q100, and AEC-Q200 are three important standards. The quality management system benchmark for the entire automotive industry.
The IATF 16949-certified facilities are typically expected to manufacture, assemble, and test parts for the automotive industry. The standard tests for active components, such as switches and power amplifiers, are defined by AEC-Q100.
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n a perpetual inventory system, a return of defective merchandise by a purchaser is recorded by crediting a. purchases b. purchase returns and allowances c. purchase discounts d. inventory
A return of faulty items by a purchaser is documented in a perpetual inventory system by crediting inventory. Thus, the right option is (d.) inventory.
What is perpetual inventory?In business and accounting, a perpetual inventory system or continuous inventory system refers to inventory systems in which inventory amount and availability information is updated on a continuous/real-time basis as part of doing business. In most cases, this is achieved by linking the inventory system with order entry and, in the case of retail, the point of sale system. In this situation, book inventory would be identical to, or nearly identical to, real inventory.
Perpetual inventory systems are nonetheless subject to mistakes owing to overstatements or understatements caused by theft, breakage, scanning errors, or untracked inventory movements, resulting in chronic replenishment problems.
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Advertising a low-priced product in order to lure customers into buying a high-priced product is called what?.
Advertising a low-priced product in order to lure customers into buying a high-priced product is called Bait and switch
An ethically dubious sales strategy known as "bait and switch" entices clients with promises of high quality or low pricing on products that ultimately prove to be out of stock in order to upsell them on a more expensive, similar alternative. Despite the fact that it also occurs in other situations, it is regarded as a type of retail sales fraud. When a seller makes an alluring but phony offer to sell a good or service that the seller does not truly plan to sell, it is known as "baiting and switching."
A Potential Bait and Switch: Warning Signs
If a business provides you with a good or service at a significant discount and without any conditions.If a seller inquires about payment information too soon.If a vendor starts offering justifications for why a product that has been marketed is unavailable or costs more than stated.Learn more about Bait and switch here:
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the market portfolio's historical returns for the past three years were 10 percent, 10 percent, and 16 percent. suppose the risk-free rate of return is 4 percent. estimate the market risk premium.
The market risk premium is 8%
Average market return = Sum of returns/number of returns
The risk-free rate of return = 0.04
The market risk premium is the excess return over the risk-free rate or we can say the difference between market return and the risk-free rate of return. The difference between the anticipated return on a market portfolio and the risk-free rate is known as the market risk premium (MRP).
Market risk premium = Average market return - Risk-free rate of return
Market risk premium = [(0.10 + 0.10 + 0.16) / 3] - 0.04
Market risk premium = (0.36 / 3) - 0.04
Market risk premium = 0.12 - 0.04
Market risk premium = 0.08
Market risk premium = 8%
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the graph below illustrates a binding price ceiling in both the long and short run. we can see that the shortage caused by the binding price ceiling is larger in the long run than it is in the short run. another effect of binding price ceilings is the emergence of a black market. the price of the good in the black market can be found using a supply and demand diagram. first find the black-market price in the short run for this market. then find the black-market price in the long run for this market. what happens to the black-market price between the short run and the long run?
Greater over the long term because demand and supply tend to be more flexible over time.
Is there a shortage caused by a binding price ceiling?When a price ceiling is set below the market equilibrium price, this creates a binding price ceiling. Because there is more demand than there is supply at the price ceiling, there will be a shortage as a result of a binding price ceiling.
What long-term effects does a price ceiling have?While price caps make staples more affordable for consumers in the short term, they frequently come with long-term drawbacks like product shortages, additional costs, or lower quality. Price ceilings, according to economists, reduce an economy's deadweight and make it less efficient.
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ignoring taxes and all else held constant, on the , the market value of a stock should decrease by the amount of the dividend.
The market value of a stock should drop by the dividend amount on the dividend declaration date, with taxes and other factors held constant.
Which of the following is a defense of the company's low dividend policy?Until the gain is realized, the tax on capital gains is delayed. A low dividend tax will be preferred by the stockholders.
The constant dividend payment ratio has which of the following issues?The issue with the constant dividend payout ratio is that the dividend's monetary value changes year over year. One possible justification for dividend payments is that they indirectly lead to a closer monitoring of management's investment activity, which reduces agency costs.
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When responding to a message, what should a professional always do? choose 2 answers. question 3 options: end on a positive note. respond within 24 hours. throw the company under the bus only if they are guilty. answer the most important questions.
When responding to a message, a professional always does these: answer the most important questions, and end on a positive note. The most important questions always come first and have to be the first attention because that's the reason someone is messaging you. A positive note is to show that you are an attentive and positive professional.
Responding messagesResponding to messages as a professional is really important to maintain a good relationship with the clients. In detail, you can respond to a message with a salutation as the opening, followed by the body of the message and closed by conclusion in a positive note.
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The difference between quantitative and qualitative analyses is that: Group of answer choices quantitative analysis employs member checking. The data used in qualitative analyses is numerical in nature. Quantitative analysis tends to be ongoing and iterative. Qualitative data quantifies the magnitude of variables. Qualitative data analysis is largely inductive
The difference between quantitative and qualitative analysis is that: Qualitative data analysis is largely inductive (D).
Quantitative analysis is mainly used numbers and graphs. It is used to test or confirm hypothesists and assumptions. Quantitative data quantifies the magnitude of variables. Quantitative analysis is used to test the relationship between variables.
When gathering data, quantitative analysis will need big number of respondents and asked question in closed question. Mostly, survey and multiple choices questions will be used in this analysis. Graphs and statistical analysis will be used to explain the finding of the analysis.
Qualitative analysis is done to understand concepts and ideas. This analysis usually held to gather in-depth ideas of a topic. Qualitative analysis tends to be ongoing and iterative. Qualitative analysis is largely inductive.
When gathering data, qualitative analysis will spend more time to a smaller number of respondents than quantitative analysis. Summarizing, categorizing, and interpreting are the main steps in doing qualitative analysis. Open ended question will be used to get in-depth insight of the respondents. The data gathering could be done by interviewing or group discussion.
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what management technique should colorful ice snowballs use to solidify their product mix and meet consumer's demands? (2 points)
Colorful ice snowballs should employ expansion as a management strategy to stabilize their product mix and satisfy consumer demand.
What is a plan for product expansion?The definition of product expansion states that it is a method used by firms to expand their operations. After gaining the interest of the target market, the company then tries to reach out to other markets.
What does a product mix expansion entail?Expansion of product mix: When a company adds more product lines, it is said to be expanding its product mix. Although they are not tied to the current items, these new lines are frequently related to the company's current product line.
Why is expanding the marketing mix important?The expanded marketing mix aids businesses in developing a comprehensive structure for their marketing strategy. A functional, comprehensive marketing plan is one step closer when each component of the mix is identified.
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marguerite wants to sell her motorcycle, and ryan is looking for a used motorcycle to buy. ryan takes it for a test drive. marguerite knows that the clutch is going out on her motorcycle, the fuel filter is leaking, and the tires will need to be replaced soon. if she does not disclose this information to ryan and he cannot tell from his test drive, this is an example of an external cost. a public good. an external benefit. asymmetric information.
If Marguerite does not disclose this information to Ryan and he cannot tell from his test drive, this is an example of asymmetric information.
When one party to an economic transaction has more in-depth knowledge of the relevant facts than the other, this is known as asymmetric information, also known as "information failure." This typically occurs when the buyer and seller of a good or service have different levels of knowledge, though the dynamic can also be reversed. Information asymmetries are a common occurrence in economic transactions.
Asymmetric information exists in some transactions involving a seller and a buyer, allowing one party to take advantage of the other. Typically, when an item is sold, this is the case. For instance, a homeowner selling their home would be more knowledgeable about it than the prospective buyer.
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if a business purchases $3,220,000 in equipment during 2022, what is the impact on the section 179 election?
For the current year, the maximum amount that can be deducted will be $560,000 because the ceiling will be reduced by $520,000.
Section 179 allows for a maximum deduction of $1,080,000 and a maximum purchase of $2,700,000.The deduction decreases dollor-by-dollor if the purchase price is greater than $2,700,000.In this way, first choice is the right response.
What is the percentage reduction in tax obligation?A tax credit is a direct reduction in the amount of income tax that must be paid. The amount of tax you owe is directly reduced by a tax credit. The Earned Income Credit, the American Opportunity Tax Credit, and the Savers Tax Credit are all common credits. A credit can either be refunded or not.
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At the wholesale club, one can buy toothpaste at a lower unit price if one buys six tubes of toothpaste at once. This is an example of ____, which ____ producer surplus.
At the wholesale club, one can buy toothpaste at a lower unit price if one buys six tubes of toothpaste at once. This is an example of imperfect price discrimination, which increases producer surplus.
In the field of business, price discrimination can be described as a value or cost of a product that is changed by the producer based on his terms or understandings. An imperfect price discrimination can occur if a producer lowers the price of a product on the condition that the consumer buys more or a fixed number of product rather than purchasing just one.
A producer surplus can be described as the profit that is gained by the producer after selling a product. If through imperfect price discrimination, more products are sold, then the producer surplus will increase.
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the packing in a cooling tower that cools condensing water for a power plant progressively deteriorates and results in gradually rising costs due to reduced plant efficiency. these costs are treated as lump sums at the end of the year, as shown in fig. the cost is zero for the first year and then increases $1000 per year until the packaging is 16 years old, when replacement is mandatory. at a point, 8 years into the life of the packing (just after the $7000 annual cost has been assessed), a decision is to be made on the plan for the next 8 years, i.e., whether to replace the packing or to continue with the existing packing. money can be borrowed at 9 percent interest, compounded annually. what is the maximum amount that could be paid for the packing in order to justify its replacement?
$ 44278.55 is the maximum amount that could be paid for the packing in order to justify its replacement.
After replacement at EOY 8, annual costs
will begin at 1000 again from EOY 10
and then keep increasing
The maximum amount to be paid = Present
value of savings at EOY 8 = 8000 * (P/A,
9%,8) + 1000 * (P/G, 9%,8) - 1000 * (P/G,
9%, 8)
= 8000 * 5.534819
= 44278.55 ~ 44279
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your client, ray, wants to purchase a home listed for $200,000. the home is in a revitalization area, and ray can purchase it under the good neighbor program. how much will he have to pay for the home?
As per the rule those who qualify may purchase the home at a 50% discount, and with only $100 down, so $200,000, less 50%, plus $100 will be paid for the home.
Who are eligible for Good Neighbour Program?The "Good Neighbor Program" is a program given for the teachers, firefighters and law enforcement officers. This program gives them the opportunity to purchase homes at a lower rate in revitalization areas.
1. For the purposes of the GNND Sales Program, a person qualifies as a law enforcement officer if they satisfy the following criteria:
a. full-time employment with a state, a general municipal government, an Indian tribal authority, a federal law enforcement agency;
b. The individual is sworn to uphold and make arrests for violations of all applicable federal, state, tribal, county, township, and municipal laws while performing such full-time job.
c. The normal course of business for the full-time employment described in this section's paragraph (a) shall directly benefit the community where the residence is located.
2. Teachers
For the purposes of the GNND Sales Program, a person is considered a teacher if they meet the following criteria:
a. a full-time teaching position at a public or private school with state accreditation that offers direct services to students in grades kindergarten through 12;
b. The full-time job described in subsection (a) of this section must routinely assist pupils from the neighbourhood where the home is situated.
3. Emergency medical technicians or firefighters
For the purposes of the GNND Sales Program, a person is considered to be a firefighter/EMT if they are:
a. employed full-time by a fire department or emergency medical services responder unit of the federal government, a state, a general local government unit, or an Indian tribal government as a firefighter or emergency medical technician;
b. The locality where the residence is located must be directly served by the full-time employment described in this section's paragraph (a) in the normal course of business.
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