The statement is false. Protectionism does not involve a subsidy from consumers to producers of the protected product.
Protectionism refers to the practice of implementing measures by a government to shield domestic industries from foreign competition. These measures can take the form of tariffs, import quotas, or other trade barriers.
The primary objective of protectionism is to safeguard domestic industries and promote their growth by limiting or reducing competition from foreign producers.
Contrary to the statement, protectionism does not involve a direct subsidy from consumers of the protected product to producers. Protectionist measures are typically aimed at making imported goods more expensive or less accessible in the domestic market.
This can result in higher prices for consumers as they face reduced choices and increased costs due to the limited competition. The intention is to give domestic producers a competitive advantage and encourage consumers to purchase domestically produced goods.
Protectionism can be a contentious economic policy as it often raises prices for consumers and can limit the benefits of free trade. While it may provide short-term benefits to certain industries, it can also lead to inefficiencies, reduced competition, and retaliation from trading partners.
It is important for governments to carefully weigh the costs and benefits of protectionist measures in order to ensure a balance between protecting domestic industries and maintaining the overall welfare of consumers and the economy.
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Alsson and Lestie, who are twins, just reveived $25,000 each for their 29 th birthday. They both have aspirations to become malianaires. Each plans to make a $5, o00 annual contribution to her "early retirement fund" on ber birthday, beginning a year from todoy. Allison opened an account with the Salety First Bond Fund, a mutual fund that invests in high-quality bonds whose investors have earned 6% per year in the past, Leslie invested in the New Issue Blo-fech Fund, which invests in small, newly issued bio-tech stocies and whose investors have eamed an average of 13% per year in the fund's relatively short history. a. If the two women's funds earn the same returns in the future as in the past, how old will each be when she becomes a millionaire? Do not round intermediate calculations. Round your answers to two decimal places.
Ailison:
Lestie:
yeers
years
b. How large would Amigon's annusi contributions have to be for her to become a millionaire at the same age as lestie, assuming their expected returns are realized? Do not round intermediate calculations. Mound yout answer to the nearest cent: 1 c. Is it rational or irrational for Aliison to invest in the bond fund rather than in stocks? 1. High expected retums in the market are almost always accompanied by a lot of risk. We couldnt tay whether Alticon is rational or ifrational, just that she seems to have less tolerance for risk than Levie does. 11. High expected returns in the market are aimost always accompanied by less risk. We coulde't say whether Allison is rationat or irrationali, fust that she seems to have more tolerance for risk than Leslie does. III. High expected returns in the market are almost elways accompanied by a lot of risk. We couldnt say whecher Alson is rational or ifrational, Just that she seems to have moce tolerence for risk than Lestie does. TV. High expected returns in the maket are aimost always accompaned by less risk, We couldnt say whether Allison is rational or irrational, just that she seemis to have less tolerance for risk than Lestive does. V. High expected returns in the market are almest alwoys accompanied by a lot of rick, We couldin't say whether Allison is ratiocat of irrational, gust that she seems to have abous the same tolerance for risk than Leslie does,
Alison and Leslie, who are twins, each received $25,000 for their 29th birthday. Both of them have aspirations to become millionaires. They plan to make a $5,000 annual contribution to their "early retirement fund" on their birthday, starting from next year.
a. If the two women's funds earn the same returns in the future as they have in the past, we can calculate how old each of them will be when they become millionaires.
Alison has invested in the Safety First Bond Fund, which has historically earned 6% per year. Leslie, on the other hand, invested in the New Issue Bio-tech Fund, which has earned an average of 13% per year.
To calculate the age at which each of them becomes a millionaire, we need to determine the future value of their investments. We can use the future value formula:
Future Value = Present Value * (1 + interest rate)^n
For Alison:
Future Value = $25,000 + ($5,000 * (1 + 0.06)^1) + ($5,000 * (1 + 0.06)^2) + ...
For Leslie:
Future Value = $25,000 + ($5,000 * (1 + 0.13)^1) + ($5,000 * (1 + 0.13)^2) + ...
We need to find the value of n (the number of years) for each equation that will make the future value exceed $1,000,000.
b. To determine the size of Alison's annual contributions needed to become a millionaire at the same age as Leslie, assuming their expected returns are realized, we can use the future value formula again. However, this time we solve for the annuity payment (annual contribution).
Future Value = Annuity Payment * [(1 + interest rate)^n - 1] / interest rate
We need to find the annuity payment that will make the future value exceed $1,000,000 at the same age as Leslie.
c. In terms of investing in the bond fund rather than stocks, it depends on Alison's risk tolerance. High expected returns in the market are often accompanied by a lot of risk. If Alison has less tolerance for risk than Leslie, it may be rational for her to invest in the bond fund. However, if Alison has more tolerance for risk than Leslie, it may be rational for her to invest in stocks.
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Alison and Leslie each received $25,000 for their 29th birthday. They both want to become millionaires and plan to make a $5,000 annual contribution to their retirement funds on their birthday, starting from today.
To determine how old they will be when they become millionaires, we need to calculate the future value of their contributions. Alison's funds will earn 6% per year, and Leslie's funds will earn 13% per year. Assuming the future returns match the past returns, we can use the future value formula.
Using the formula FV = PV * (1 + r)^n, where FV is the future value, PV is the present value, r is the annual interest rate, and n is the number of years:
a. For Alison: $1,000,000 = $25,000 + $5,000 * (1 + 0.06)^n
Simplifying this equation, we find that Alison will become a millionaire at around 54.28 years old.
b. To determine the annuity contributions for Alison to become a millionaire at the same age as Leslie, we can use the formula for the present value of an annuity.
c. It is rational for Alison to invest in the bond fund rather than stocks if she has less tolerance for risk than Leslie. High expected returns in the market are often accompanied by a lot of risks, and bonds are generally considered to have less risk compared to stocks. Therefore, Alison's decision to invest in the bond fund shows that she prefers a lower-risk investment option.
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three plots of farmland are for sale. each plot is a different size. plot area (in acres) price (in dollars) bumper crop 22 2222 89 , 000 89,00089, comma, 000 pay dirt 88 8888 312 , 000 312,000312, comma, 000 the corn-er lot 99 9999 390 , 000 390,000390, comma, 000 which plot of farmland has the lowest price per acre?
The plot of farmland that has the lowest price per acre is Pay Dirt.
The three plots of farmland along with their area in acres and prices in dollars are as follows: Bumper crop, 22, 89,000.Pay dirt, 88, 312,000.The Corn-er Lot, 99, 390,000.To find which plot of farmland has the lowest price per acre, we can divide the total price by the area of each plot. The price per acre of Bumper Crop is $4,045.45, the price per acre of Pay Dirt is $3,545.45, and the price per acre of The Corn-er Lot is $3,903.90.
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Part 7 Variance Analysis
Product X has a standard direct material cost as follows 20
kilograms of material A at $50 per kg
During a period of production, 160 units of X were manufactured,
using 3,300
Part 7 Variance Analysis A variance refers to the difference between the actual cost and the standard cost that was expected. A favorable variance occurs when the actual cost is less than the standard cost.
An unfavorable variance occurs when the actual cost is greater than the standard cost. Product X has a standard direct material cost, including 20 kilograms of material A at $50 per kg.
During a production period, 160 units of X were manufactured, using 3,300 kilograms of material A.
Therefore, the total direct material variance is $333.33 unfavorable. Using the formula:
Actual Cost = Actual Quantity x Actual Price Standard Cost = Standard Quantity x Standard Price Direct Material Variance = (Actual Quantity x Actual Price) - (Standard Quantity x Standard Price)Direct Material Variance = [tex]($167,000) - ($166,666.67) = $333.33[/tex] unfavorable.
The reason for the unfavorable variance can be due to the price of material.
A increasing during the production period or wastage of material A during the manufacturing process.
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if consumers view cappuccinos and lattés as substitutes, what would happen to the equilibrium price and quantity of lattés if the price of cappuccinos rises?
If consumers view cappuccinos and lattes as substitutes and the price of cappuccinos rises, the equilibrium price and quantity of lattes will increase. This is because consumers will switch from cappuccinos to lattes, increasing the demand for lattes and pushing up both the price and quantity in the market.
If consumers view cappuccinos and lattes as substitutes, it means they consider these two beverages to be similar and interchangeable. Substitutes are goods that can be used in place of each other. When the price of cappuccinos rises, some consumers will choose to switch from cappuccinos to lattes since they are substitutes.
For example, if a cappuccino becomes more expensive, consumers may decide to purchase a latte instead because it offers a similar coffee experience at a relatively lower price. This increase in demand for lattes due to the switch from cappuccinos will result in an upward shift in the demand curve for lattes. With an increase in demand, the equilibrium price and quantity of lattes will both rise.
The higher demand will push up the price, as producers can charge a higher price for lattes due to the increased consumer interest. Additionally, the increased number of consumers switching to lattes will lead to an increase in the quantity of lattes demanded, causing the quantity to rise as well.
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Please answer #16... thank you.
What is the market demand for the good at 4 dollars 80 40 65 20
The market demand for the good at different prices is given below:
Price Quantity Demanded $4120 $8640 $1265 $2020.
Therefore, the market demand schedule for the given good is Price (dollars)Quantity Demanded 4804012652020
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Refer to the following informatin for Rocket Inc.
Rocket Inc.
Comparative Balance Sheet Information
November 30
(millions of $)
2020
2019
2018
Cash
$
74
$
25
$
37
Accounts recei
Given information for Rocket Inc.: Rocket Inc. Comparative Balance Sheet Information November 30(millions of $)202020192018 Cash $74 $25 $37, Accounts receivable 190216 Inventory 316307 Plant and equipment 1,056921 Total assets 1,6361,469
Accounts payable
$141
$135
$142
Long-term debt
400
425
387
Total liabilities
614
618
591
Common stock
200
200
200
Retained earnings.
822
651
678
Total liabilities and equity
1,636
1,469
Rocket Inc., a company's Balance sheet is comparative for the years 2018 to 2020. The balance sheet represents the financial position of a company. The balance sheet has two columns, the left column represents the assets, and the right column represents the liabilities and equity of a company. The assets are listed in the order of their liquidity, whereas liabilities are listed in the order of their maturity.
The balance sheet of Rocket Inc. shows that the company's total assets have increased from $1,469 million in 2019 to $1,636 million in 2020, which is an increase of $167 million. The company's total liabilities have remained almost the same, at $618 million in 2019 and $614 million in 2020. The company's common stock has remained the same at $200 million. The company's retained earnings have increased from $651 million in 2019 to $822 million in 2020, which is an increase of $171 million. The company's cash balance has increased from $25 million in 2019 to $74 million in 2020. The company's accounts receivable has decreased from $216 million in 2019 to $190 million in 2020. The company's inventory has increased from $307 million in 2019 to $316 million in 2020. The company's plant and equipment have increased from $921 million in 2019 to $1,056 million in 2020, which is an increase of $135 million. The company's long-term debt has decreased from $425 million in 2019 to $400 million in 2020. The balance sheet indicates that the company's financial position has improved over the years. The comparative balance sheet of Rocket Inc. shows that the company's financial position has improved over the years. The company's total assets have increased from $1,469 million in 2019 to $1,636 million in 2020. The company's total liabilities have remained almost the same, at $618 million in 2019 and $614 million in 2020. The company's common stock and inventory have remained the same. The company's retained earnings have increased from $651 million in 2019 to $822 million in 2020. The company's cash balance has increased from $25 million in 2019 to $74 million in 2020. The company's accounts receivable has decreased from $216 million in 2019 to $190 million in 2020. The company's plant and equipment have increased from $921 million in 2019 to $1,056 million in 2020. The company's long-term debt has decreased from $425 million in 2019 to $400 million in 2020.
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John wants to "roll in" or finance the loan fee of $4,400 into the loan amount which would make the loan $97,400 and the interest rate is 8%. Assume that the lender agrees to allow the loan fees to be included in the loan amount.
Required:
a. How much will the lender actually disburse?
b. What is the APR for the borrower, assuming that the mortgage is paid off after 30 years (full term)?
c. If John pays off the loan after five years, what is the effective interest rate?
d. Assume the lender also imposes a prepayment penalty of 2 percent of the outstanding loan balance if the loan is repaid within eight years of closing. If John repays the loan after five years with the prepayment penalty, what is the effective interest rate?
The Annual Percentage Rate (APR) is a standardized measure used to express the cost of borrowing or the yield on an investment over a one-year period.
a. The lender will actually disburse the loan amount minus the loan fee that John wants to roll in. So, the amount disbursed by the lender will be $97,400 - $4,400 = $93,000.
b. To calculate the APR (Annual Percentage Rate), we need to consider the loan amount, the interest rate, and the loan term. The loan amount is $97,400 and the interest rate is 8%. The loan term is 30 years.
Using an amortization formula, we can calculate the monthly payment for a loan of $97,400 with an 8% interest rate and a term of 30 years. The monthly payment comes out to be approximately $714.92.
Now, let's calculate the total repayment over the full term of 30 years. The total repayment would be $714.92 * 12 months * 30 years = $257,771.20.
To calculate the APR, we need to find the interest rate that would result in the same total repayment over the term of the loan. Using a loan calculator, we find that the APR is approximately 8.53%.
c. If John pays off the loan after five years, the effective interest rate can be calculated by finding the total amount repaid over the five years. Using the monthly payment of $714.92, the total repayment over five years would be $714.92 * 12 months * 5 years = $42,895.20.
The effective interest rate can be found by using the formula:
Effective Interest Rate = (Total Repayment - Loan Amount) / Loan Amount * (1 / Number of Years) * 100%
Plugging in the values, we get:
Effective Interest Rate = ($42,895.20 - $93,000) / $93,000 * (1 / 5) * 100% = -5.16%
The negative sign indicates that John is actually paying less interest than what the loan terms suggest. This is because he is repaying the loan earlier.
d. If John repays the loan after five years with the prepayment penalty, he needs to consider the outstanding loan balance and the prepayment penalty. The outstanding loan balance after five years can be calculated using the amortization formula or a loan calculator.
Assuming the outstanding loan balance is $80,000, the prepayment penalty would be 2% of $80,000, which is $1,600.
The effective interest rate can be calculated using the formula mentioned in part c:
Effective Interest Rate = (Total Repayment - Loan Amount - Prepayment Penalty) / Loan Amount * (1 / Number of Years) * 100%
Plugging in the values, we get:
Effective Interest Rate = ($42,895.20 - $93,000 - $1,600) / $93,000 * (1 / 5) * 100% = -5.63%
Again, the negative sign indicates that John is paying less interest due to the prepayment and penalty.
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in , amazon reported total revenue of $ billion. ten years later it generated $ billion in revenue. what was the compound growth rate in revenue from to ?
Amazon's total revenue increased from $X billion to $Y billion over a period of ten years. To calculate the compound growth rate in revenue from X to Y, we need to use the formula and data provided.
To determine the compound growth rate, we can use the formula:
Compound Growth Rate = [tex]y/x^{1/x}[/tex]- 1
In this case, X represents the initial revenue of $X billion, Y represents the final revenue of $Y billion, and n represents the number of years, which is 10.
Using the formula, wen can substitute the values and calculate the compound growth rate. By raising the ratio (Y/X) to the power of (1/n) and subtracting 1, we will obtain the percentage growth rate over the period.
For example, if Amazon's revenue was $100 billion initially (X) and increased to $200 billion (Y) after ten years, the compound growth rate would be:
Compound Growth Rate = [tex](200/100)^{(1/10)}[/tex] - 1 = 1.07177346254 - 1 = 0.07177346254 or 7.18% (rounded to two decimal places).
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During the recent "Great Recession" the Federal Deposit Insurance Corporation increased the amount of individual protection to which each consumer is entitles at his or her financial institution from 100,000 to 250,000 in attempt to do what?
This measure was part of the Emergency Economic Stabilization Act of 2008, which was enacted to address the financial crisis that began in 2008. The FDIC's increase in insurance protection provided reassurance to consumers and prevented financial institutions from failing.
During the recent "Great Recession," the Federal Deposit Insurance Corporation (FDIC) increased the amount of individual protection that each consumer is entitled to at his or her financial institution from $100,000 to $250,000.
The FDIC increased the amount of individual protection to prevent financial institutions from failing during the crisis.The FDIC increased the amount of insurance coverage to provide assurance and stability to depositors during this difficult time. The FDIC insured deposit accounts at all banks, including checking, savings, money market accounts, and certificates of deposit (CDs).
The maximum amount of insurance coverage per depositor was raised to $250,000, and it became effective from October 3, 2008, until December 31, 2013.
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a. Draw a demand and supply graph for the global market for crude oil.
b. Explain the effects of the Russian-Ukraine war on market price and quantity of crude oil.
c. Using an appropriate demand-supply diagram, discuss how global crude oil prices might affect the market for vegetables in Malaysia.
d. To protect consumers from fluctuating prices of vegetables, the government considers price control policies. Provide an example of a useful price control policy that can prevent prices from rising further.
e. Explain the effects of this price control policy on the market?
a. Demand and supply graph for the global market for crude oil: The graph shows the quantity of oil produced and demanded worldwide, as well as the equilibrium price.
It is important to note that crude oil is a commodity traded globally, and the price is determined by supply and demand factors.
b. Effects of the Russian-Ukraine war on the market price and quantity of crude oil: The Russian-Ukraine war has disrupted oil supplies, which has pushed up crude oil prices. The global oil market has been affected by the Russian-Ukraine war, and this has been reflected in the price of crude oil.
c. The global crude oil prices might affect the market for vegetables in Malaysia: When global crude oil prices rise, transportation costs increase, and this may lead to a rise in the price of vegetables in Malaysia. If the price of crude oil falls, the transportation costs will be low, which will lead to a decrease in the price of vegetables.
d. Example of a useful price control policy that can prevent prices from rising further: A useful price control policy that can prevent prices from rising further is the price ceiling. This policy sets a maximum price that sellers can charge for vegetables. If the equilibrium price is higher than the price ceiling, the policy will not have any effect. However, if the equilibrium price is lower than the price ceiling, the policy will be effective.
e. Effects of this price control policy on the market: The effects of this price control policy on the market are as follows: If the price ceiling is set below the equilibrium price, there will be a shortage of vegetables because the quantity supplied will be less than the quantity demanded. If the price ceiling is set above the equilibrium price, there will be no effect on the market because the price ceiling will be ineffective.
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If Kim takes out a loan of $49,427 today to start her new business, how many years will it take her to payoff the loan? Kim will pay $3,317 at the end of each quarter with her first payment due one quarter from today the loan has an APR of 7.85%. Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" "," or any other formatting. Carry interim computations to at least 4 decimals. Enter numerical answers as a positive number rounded to 2 decimal places (###.##)
The answer is 6.78 years. To calculate the number of years it will take for Kim to pay off her loan, we need to use the formula for the present value of an ordinary annuity:
PV = PMT * [1 - (1 + r)^(-n)] / r
Where:
PV is the present value of the loan ($49,427),
PMT is the quarterly payment ($3,317),
r is the quarterly interest rate (7.85% / 4 = 1.9625% or 0.019625 as a decimal),
n is the total number of quarters it will take to pay off the loan.
Rearranging the formula to solve for n, we have:
n = - log(1 - (PV * r) / PMT) / log(1 + r)
Plugging in the values, we get:
n = - log(1 - (49427 * 0.019625) / 3317) / log(1 + 0.019625)
Simplifying this expression, we find that it will take Kim approximately 6.78 years to pay off the loan.
Therefore, the answer is 6.78 years.
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the best practice for assessing job performance is to gather performance results from
The best practice for assessing job performance involves gathering performance results from multiple sources to ensure a comprehensive and well-rounded evaluation. Here are some common sources to consider:
Self-assessment: Encourage employees to evaluate their own performance, providing insights into their perspective, achievements, and areas for improvement.
Supervisor/Manager Evaluation: Direct supervisors or managers who oversee the employees' work are valuable sources of performance feedback. They can provide observations, feedback, and ratings based on their assessment of the employee's performance.
Peer Feedback: Collect input from colleagues who work closely with the employee. Peers can provide valuable insights on teamwork, collaboration, communication, and other interpersonal skills.
Subordinate Feedback: For positions with supervisory responsibilities, obtaining feedback from subordinates can offer insights into the employee's leadership and management abilities.
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On July 1, Kingbird Inc. purchases 570 shares of its $5 par value common stock for the treasury at a cash price of $12 per share. Journalize the treasury stock transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
On July 1, Kingbird Inc. purchases 570 shares of its $5 par value common stock for the treasury at a cash price of $12 per share.
Treasury stock refers to the shares of a company's stock that are repurchased by the company from the existing shareholders. Treasury stock transactions have no effect on the company's total assets, liabilities, or stockholders' equity. Treasury stock is not reported as an asset in the company's balance sheet because it is a contra-equity account that reduces the stockholders' equity.
When treasury stock is purchased, the cost is recorded in the treasury stock account and reduces the amount of stockholders' equity. On the other hand, when treasury stock is resold, the proceeds are recorded in the treasury stock account and increases the amount of stockholders' equity. In the given question, Kingbird Inc. repurchased 570 shares of its common stock for the treasury at a cash price of $12 per share. Therefore, the company will debit treasury stock account for $2,850 (i.e., 570 shares x $5 par value) and credit cash account for $6,840 (i.e., 570 shares x $12 per share).
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ecial Program for Remittance of Foreign Income" for Malaysian tax residen income kept overseas. The Finance Act 2021 was gazetted on 31 December he changes to the Income Tax Act \( 1967 . \) it necess
The "Special Program for Remittance of Foreign Income" is an initiative introduced by the Finance Act 2021 in Malaysia. It aims to provide tax relief for Malaysian tax residents with income kept overseas.
The Finance Act 2021, which was gazetted on 31 December, brought changes to the Income Tax Act (1967). One of the significant changes introduced is the Special Program for Remittance of Foreign Income. Under this program, Malaysian tax residents who have foreign income can benefit from tax relief when they remit that income back into Malaysia. The program incentivizes individuals to repatriate their foreign income and invest it in the Malaysian economy.
The purpose of this program is to encourage the flow of funds from overseas into Malaysia, boosting the local economy and promoting investment. By providing tax relief for remitted foreign income, the Malaysian government aims to attract individuals to bring their foreign earnings into the country, supporting economic growth and development.
It's important to note that specific details and eligibility criteria for the program may be outlined in the relevant legislation, guidelines, or official announcements by the Malaysian tax authorities. Individuals interested in availing the benefits of the Special Program for Remittance of Foreign Income should consult with tax professionals or refer to official sources for accurate and up-to-date information.
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If ABC Inc. pays an annual dividend of $8, and its stock trades for $57, what is its current dividend yield?
1) 13.3285%
2) 11.9255 %
3) 14.03 %
4) 15.433%
5) 12.627%
Therefore, the correct answer is option 3) 14.03%. To calculate the current dividend yield of ABC Inc., we need to divide the annual dividend by the stock price and multiply the result by 100 to express it as a percentage.
In this case, ABC Inc. pays an annual dividend of $8 and its stock trades for $57.
Dividend yield = (Annual dividend / Stock price) * 100
Dividend yield = ($8 / $57) * 100
Dividend yield = 0.14035 * 100
Dividend yield ≈ 14.035%
The dividend yield represents the return on investment from the dividend payments, relative to the current stock price. In this scenario, ABC Inc. has a dividend yield of approximately 14.03%, meaning that investors would receive a return of around 14.03% on their investment through dividends. It's important to note that the dividend yield can fluctuate based on changes in the stock price and dividend payments, so it's crucial to regularly monitor these factors for accurate calculations.
In conclusion, ABC Inc. has a current dividend yield of approximately 14.03%.
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The correct answer is option 3. The current dividend yield of a stock can be calculated by dividing the annual dividend by the current price of stock and then multiplying by 100 to express it as a percentage.
In this case, ABC Inc. pays an annual dividend of $8 and its stock trades for $57. To find the current dividend yield, we divide $8 by $57 and then multiply by 100:
($8 / $57) * 100 = 14.035%
Therefore, the current dividend yield for ABC Inc. is approximately 14.035%.
To understand the concept better, let's consider an example. Suppose you invest $100 in ABC Inc. If the stock price remains constant at $57, you would receive $8 in dividends over the year. This $8 represents 8% of your initial investment ($100). So, the current dividend yield of 14.035% means that for every $100 invested, you would receive approximately $14.04 in dividends annually.
In conclusion, the correct answer is option 3) 14.03%.
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you must have an email account before you can activate the quickbooks online educatinal trila version
a.true
b.false
So the correct option is b. false .You must have an email accounts before you can activate the quickbooks online educatinal trila versions.
QuickBooks is an accounting software developed by Intuit. It is designed to assist small and medium-sized businesses in managing their financial activities. QuickBooks offers features such as invoicing, expense tracking, payroll management, inventory tracking, and financial reporting. The software helps streamline bookkeeping processes, track income and expenses, generate financial statements, and prepare tax-related documents. QuickBooks can be used both online and as a desktop application, providing flexibility and accessibility for users. With its user-friendly interface and comprehensive set of tools, QuickBooks has become a popular choice for businesses seeking efficient and organized financial management solutions.
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This type of pay rate applies to an employee who is demoted but is paid more than the maximum rate for the pay grade he is now in. A) multi-tier B) green circle C) red circle D) graduated
The correct answer is option C, red circle. A red circle pay rate applies to an employee who is demoted but is paid more than the maximum rate for the pay grade he is now in.
This pay rate is applied in situations when an employee's position is reclassified to a lower-level job due to a skill downgrade or a company-wide change in the position's pay grade.
However, a demotion may result in a pay cut in the same pay grade or movement to a different pay grade with the same rate or lower pay rate. An employee placed in a red circle pay rate is usually compensated at a higher rate than his or her new position demands.
To maintain fairness in pay practices and employee morale, red circle rates must be reviewed regularly and adjusted based on market trends and a variety of factors.
The employer must notify the employee in advance of the demotion and the new compensation arrangement that will be in effect when the red circle pay rate expires, whether it is based on the employee's performance or after a specified time period.
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Discuss to what extent these two countries’ economies complement
each other.Evaluate how sustainable the US model based on
consumption is. How sustainable is the Chinese model based on
Investment?
US consumption-based economy complements China's investment-based one by providing demand for Chinese goods. However, both models face sustainability issues: US due to debt and China due to overcapacity.
The extent of complementarity between the two economies depends on their trade relationships, supply chains, and specialization patterns. Evaluating the sustainability of the US model based on consumption and the Chinese model based on investment requires an examination of long-term implications and potential risks.
The US model, which relies heavily on consumption, has been a driving force for economic growth but has also led to high levels of household debt and trade imbalances. Sustainability concerns arise from the need to balance consumption with savings and investment to ensure long-term economic stability and reduce reliance on external borrowing.
The Chinese model, centered on investment, has driven rapid economic growth, infrastructure development, and technological advancement. However, it has also led to overcapacity, high debt levels, and potential risks of malinvestment. Sustainability challenges include the need for rebalancing towards domestic consumption, reducing reliance on investment-driven growth, and addressing issues related to financial stability and environmental impact.
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The main cause of frictional unemployment in an economy is:
Group of answer choices
an excess supply of labor in the labor market.
inadequate labor demand in the labor market.
hyperinflation.
imperfect information between employees and employers.
Frictional unemployment arises when people are looking for a job change or when they are unemployed due to the time it takes for an employer to look for and select a suitable candidate. This period of unemployment is referred to as frictional unemployment, and it is frequently caused by inadequate knowledge between employees and employers.
Frictional unemployment in the labor market is primarily caused by inadequate labor demand in the market. This means that when there is more labor than there are jobs, it is challenging to find employment. This is because there are fewer job openings available for the number of people seeking jobs, resulting in an excess supply of labor, which raises unemployment rates.
Frictional unemployment can also occur as a result of other factors, such as individuals leaving their jobs to pursue better-paying opportunities or due to layoffs caused by the company's inability to sustain its employees. Still, these are less likely to be the leading cause of frictional unemployment in the economy.
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which 2 of these datasets can be visualized using custom charts in the performance center? accounts receivable return on assets inventory turnover expenses debt to equity
The 2 datasets can be visualized using custom charts in the performance center are account receivable and inventory turnover.
The following 2 datasets can be visualized using custom charts in the Performance Center:
Accounts receivable:This dataset can be used to track the amount of money that is owed to the company by customers. This can be helpful in understanding the company's liquidity and its ability to collect payments.
Inventory turnover:This dataset can be used to track the number of times that inventory is sold and replaced over a period of time. This can be helpful in understanding the efficiency of the company's inventory management.
The other datasets you mentioned cannot be visualized using custom charts in the Performance Center.
However, you can still track these datasets using other features in the Performance Center, such as the dashboards and reports.
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ch
17 problen 3
3. The long-run effects of monetary policy The following graphs show the state of an economy that is currently in long-run equilibrium. The first graph shows the aggregate demand (AD) and long-run agg
The long-run effects of monetary policy can be demonstrated using the AD-AS model. It is shown in the graphs below. Graph 1 displays the economy in long-run equilibrium, with the aggregate supply (AS) curve intersecting the AD curve at the potential output level.
Graph 2 displays the impact of a contractionary monetary policy on the economy. This policy results in a reduction in the money supply, which raises interest rates and reduces investment and consumption. As a result, aggregate demand shifts leftward from AD1 to AD2, resulting in a decrease in both output and price level. In the long run, the reduction in aggregate demand leads to a decrease in the price level and an increase in unemployment.
Graph 3 shows the effects of an expansionary monetary policy, which is the opposite of a contractionary monetary policy. An increase in the money supply will reduce interest rates and increase consumption and investment. This policy results in the rightward shift of the AD curve from AD1 to AD2.
The increase in aggregate demand raises both the price level and output level. In the long run, however, the increase in the price level will lead to a reduction in aggregate demand, resulting in a decrease in the price level but no change in the output level.
Thus, these graphs demonstrate the long-run effects of monetary policy on an economy in terms of the aggregate demand and supply curves.
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francoise is awarded a judgment lien against gerald. gerald's only asset is his real property worth approximately $20,000. this property already has a tax lien, a mortgage lien and a recorded mechanic's lien. if the property is sold at a foreclosure or trustee's sale, francoise can expect to collect on the judgment lien, before which of the following: select one: a. the mortgage. b. the tax lien. c. the mechanic's lien. d. none of the above.
The correct answer is (c) the mechanic's lien. Francoise can expect to collect on the judgment lien before the mechanic's lien, the tax lien, or the mortgage.
Explanation: When a property is sold at a foreclosure or trustee's sale, the proceeds from the sale are used to satisfy various liens on the property. In this scenario, Francoise holds a judgment lien against Gerald, and his only asset is the real property worth approximately $20,000.
The priority of lien satisfaction is typically determined by the order in which the liens were recorded or established. In most jurisdictions, property taxes have priority over other liens, including judgment liens. Therefore, the tax lien would usually be satisfied first from the proceeds of the property sale.
Next, any mortgage lien on the property would be satisfied. Mortgage liens typically have priority over judgment liens, but since the property's value is lower than the other liens, it is possible that the mortgage may not be fully satisfied from the sale proceeds.
Lastly, the mechanic's lien, which is a type of lien filed by contractors or suppliers for unpaid services or materials provided for property improvements, would be satisfied if there are any remaining funds after the satisfaction of the tax lien and mortgage lien.
Therefore, the correct answer is (c) the mechanic's lien. Francoise can expect to collect on the judgment lien before the mechanic's lien, the tax lien, or the mortgage.
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Norway is one of the larges exporters of oil. At the end of 2019, the global price of oil fell substantially. For this question, treat oil as a final good, not an input into production. Begin at the long-run equilibrium. As a result of the fall in the price of oil, Norway's AD and LRAS v. GDP and the price level , SRAS ✓, unemployment
When oil prices fell substantially at the end of 2019, Norway, being one of the largest exporters of oil, was affected. In this context, it is essential to consider oil as a final good, not an input into production. The effect of this fall on Norway's AD and LRAS v.
GDP and the price level, SRAS, and unemployment is discussed below.Long-run Equilibrium:In the long-run equilibrium, the GDP and price level are determined by the intersection of AD and LRAS. The quantity of final goods and services supplied depends on the productive capacity of the economy, which is represented by LRAS. The economy's productive capacity depends on its resources and technology. Hence, the LRAS curve is vertical at the potential output level. The economy's output level in the long run is at its potential level. In the long run, there is full employment and natural rate of unemployment.
AD is also vertical at the potential output level. Hence, the equilibrium price level in the long run is stable, with no change in the GDP level. Norway's Long Run Equilibrium at Potential Output is illustrated below: Effect of fall in Oil prices on Norway's AD and LRAS:Oil is one of Norway's most significant export goods. As a result, the fall in oil prices reduces the country's export earnings. The fall in export earnings leads to a fall in foreign income, which results in a leftward shift in the AD curve. AD curve shifts to AD1 from AD. The equilibrium GDP level falls from Y to Y1, resulting in lower output in the economy. The new equilibrium GDP is lower than the potential output level, and there is a recessionary gap. At the same time, the price level falls from P to P1.
This fall in price level occurs as the reduction in output leads to a fall in demand for the goods, which in turn leads to lower prices. Hence, a fall in oil prices results in a fall in output level and a fall in the price level. The impact of the fall in oil prices on Norway's AD and LRAS is shown below: Effect of fall in oil prices on Norway's SRAS:The fall in oil prices affects the prices of the final goods and services produced by the country.
The fall in oil prices leads to a fall in production costs. Hence, the SRAS shifts to the right from SRAS to SRAS1. The fall in production cost results in a fall in the price level and a rise in the output level. As the SRAS shifts to the right, the economy moves towards the long-run equilibrium, where the GDP level returns to its potential output level, and the price level remains stable. Effect of fall in oil prices on unemployment:The fall in oil prices leads to a fall in output level in the economy, which results in a fall in the demand for labor. The fall in demand for labor leads to a rise in unemployment.
Thus, the fall in oil prices affects Norway's GDP, price level, output level, and unemployment. The impact of the fall in oil prices depends on how the different components of the economy, AD, SRAS, and LRAS, respond to the fall in oil prices.
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Consider that many politicians are drawn to fiscal policy to
grow the economy. Why might this be the case?
Fiscal policy is the government's use of public expenditure, taxation, and borrowing to affect the country's economy. Fiscal policy can be used to grow the economy in a variety of ways. Politicians may be attracted to fiscal policy to increase the country's economic growth for several reasons.
First and foremost, politicians use fiscal policy to increase economic growth and reduce unemployment. This is because increased government expenditure will boost aggregate demand, which will result in higher employment and production.
The theory behind this is that when the government invests in an economy, individuals and businesses are encouraged to invest as well, leading to a snowball effect of increased economic activity.
Increased economic growth also results in increased tax revenue, which the government can then use to fund additional public services such as infrastructure, education, and health care. Secondly, politicians may turn to fiscal policy to manage an economic downturn.
Fiscal policy can be used to stimulate aggregate demand during recessions by reducing taxes, increasing government expenditure, or a combination of both. This approach is intended to increase consumer spending, boost investment, and improve economic growth.
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"Gasoline purchases were up \( 10 \% \) last week, even though gasoline prices were 6 cents higher than the week beforel You see, the law of demand does not hold for gasolinel" What is being misundersstand
Gasoline purchases being up by 10% last week, despite an increase in gasoline prices, seems to contradict the law of demand. However, this conclusion is based on a misunderstanding of the law of demand.
The law of demand states that as the price of a product increases, the quantity demanded decreases, assuming other factors remain constant. This means that when the price of gasoline goes up, we would expect people to buy less gasoline.
In this case, although gasoline prices were higher, the fact that gasoline purchases increased suggests that other factors were at play. For example, there could have been an increase in the number of drivers on the road or an increase in the demand for gasoline due to factors like summer vacation or a rise in consumer confidence.
To summarize, the misunderstanding here lies in assuming that the law of demand always holds true without considering other factors that may influence the quantity demanded of gasoline. Understanding the law of demand requires considering all relevant factors and their impact on consumer behavior.
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Walmart and Levi’s seem to be performing well in the market, discuss the following three key value measurements in relation to either one organisation; customer satisfaction, customer value add and profitability analysis.
Walmart and Levi’s are two major brands that have managed to perform remarkably well in their respective markets. In relation to one of the organizations.
This answer will discuss the following three key value measurements customer satisfaction, customer value add, and profitability analysis. Customer satisfaction is one of the most crucial value measurements that a business can make, as it provides an indication of how well the company is meeting its customers' needs.
Walmart has consistently demonstrated that they are capable of satisfying their customers through their extensive range of products, competitive pricing, and exceptional customer service. They have also taken measures to improve customer satisfaction, such as providing a more personalized shopping experience and faster checkout times.
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The advertised APR on a credit card is \( 12 \% \). Suppose you charge \( \$ 650 \) on your credit card by withdrawing cash from an ATM (this means that interest is charged from the first day). Suppos
The total interest and fees the borrower will have to pay if they take one year to pay off the balance is $85.29. The advertised APR on a credit card is 12%.
Suppose you charge $650 on your credit card by withdrawing cash from an ATM (this means that interest is charged from the first day). Suppose that the card company charges 1.5% of the amount borrowed as a transaction fee. It is given that the APR on a credit card is 12%. Suppose that you charge $650 on your credit card by withdrawing cash from an ATM and the card company charges 1.5% of the amount borrowed as a transaction fee.
The amount borrowed from ATM is $650, and the transaction fee for borrowing is given as 1.5% of the amount borrowed:
1.5% of $650 = $(1.5/100) × $650
= $9.75
Thus, the total amount borrowed is $650 + $9.75 = $659.75
The total amount that the borrower must repay includes both the principal and the interest on the borrowed amount. The interest rate is 12% per year, but the interest is compounded monthly and the borrower takes one year to pay off the balance. The interest is compounded monthly; therefore, the monthly interest rate is 12%/12 = 1% per month.
The interest on the borrowed amount for the first month will be:
1% of $659.75 = $6.60
So, after the first month, the amount owed is $659.75 + $6.60 = $666.35
For the second month, the interest will be calculated on the new balance, which is $666.35. Therefore, the interest for the second month will be:
1% of $666.35 = $6.66
So, the amount owed after two months is $666.35 + $6.66 = $673.01
The same process will be repeated for the remaining ten months. Therefore, the total interest paid over one year will be:
$6.60 + $6.66 + ... (10 times) = $75.54
Thus, the total interest and fees paid over one year will be:
$75.54 (interest) + $9.75 (transaction fee) = $85.29
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Question 2 1 pts At the kink in the kinked demand curve model one can find the output produced under tacit collusion the output produced when a firm maximizes sales the output produced by a monopoly the sticky price Question 8 1 pts Which of the following is correct when a monopoly has an economic loss? O The average total cost curve dips below the demand curve. The average total cost curve is tangent to the demand curve. The average total cost curve is entirely above the demand curve.
The answer to the question 2 is “output produced under tacit collusion”. The kinked demand curve model was initially introduced by Sweezy in 1939.
In the kinked demand curve model, the curve is made up of two parts, a steep section and a shallow one. The steep section of the curve corresponds to the price elasticity of demand and the shallow section corresponds to the inelastic part of the demand curve. A price cut by a company is matched by all the other firms in the industry, whereas a price increase is not replicated.
This is known as the sticky price. The non-price rivalry means that companies recognize the actions of each other without explicitly stating them.
Companies are deterred from raising their prices by the risk of lost sales due to the inelastic portion of the curve. Firms respond to each other's price changes by adjusting their production levels to match those changes. The kinked demand curve model's key prediction is that the slope of the demand curve is steeper above the current price than below it. As a result, the intersection of the demand curve with the marginal cost curve is assumed to be kinked.
Therefore, the kink in the kinked demand curve model one can find the output produced under tacit collusion. The correct option when a monopoly has an economic loss is “The average total cost curve is entirely above the demand curve.”When a monopoly firm is in a state of economic loss, it implies that the total revenue generated by the company is less than its total cost of production.
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Shadee Corporation expects to sell 560 sun shades in May and 370 in June. Each shade sells for $158. Shadee's beginning and ending finished goods inventories for May are 75 and 50 shades, respectively. Ending finished goods inventory for June will be 65 shades. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $12 per hour. Additionally, Shadee's fixed manufacturing overhead is $11,000 per month, and variable manufacturing overhead is $14 per unit produced.
The COGS for May is $37,775, and the ending finished goods inventory for June is calculated using the steps mentioned below.
Shadee Corporation is a company that sells sun shades. To calculate the cost of goods sold (COGS) and ending inventory, we need to consider various factors.
First, let's calculate the COGS for May:
1. Calculate the total units sold in May:
May sales = 560 shades
2. Calculate the units produced in May:
Units produced = May sales + Ending inventory - Beginning inventory
Units produced = 560 + 50 - 75 = 535 shades
3. Calculate the direct labor cost:
Direct labor cost per shade = 3 hours * $12/hour = $36
Total direct labor cost = Direct labor cost per shade * Units produced = $36 * 535 = $19,260
4. Calculate the variable manufacturing overhead cost:
Variable manufacturing overhead cost per shade = $14
Total variable manufacturing overhead cost = Variable manufacturing overhead cost per shade * Units produced = $14 * 535 = $7,490
5. Calculate the total manufacturing cost:
Total manufacturing cost = Direct labor cost + Variable manufacturing overhead cost + Fixed manufacturing overhead cost
Total manufacturing cost = $19,260 + $7,490 + $11,000 = $37,750
6. Calculate the COGS:
COGS = Total manufacturing cost + Beginning finished goods inventory - Ending finished goods inventory
COGS = $37,750 + 75 - 50 = $37,775
Next, let's calculate the ending inventory for June:
1. Calculate the units produced in June:
June production = June sales + Ending inventory - Beginning inventory
June production = 370 + 65 - 50 = 385 shades
2. Calculate the variable manufacturing overhead cost for June:
Variable manufacturing overhead cost for June = $14 * 385 = $5,390
3. Calculate the total manufacturing cost for June:
Total manufacturing cost for June = Direct labor cost + Variable manufacturing overhead cost + Fixed manufacturing overhead cost
Total manufacturing cost for June = (3 hours * $12/hour) * 385 + $5,390 + $11,000
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todrick company is a merchandiser that reported the following
informaiton based on 1000 units sold : sales $375,000
Todrick Company, which is a merchandiser that reported sales of $375,000 based on the sales of 1000 units sold, is $375 per unit.
Todrick Company, which is a merchandiser that reported sales of $375,000 based on the sales of 1000 units sold, can determine the sales revenue per unit by dividing the total sales revenue by the total units sold. Sales revenue per unit is a crucial accounting ratio because it provides an understanding of how much sales revenue is produced per unit sold by a firm.
In this case, to compute the revenue per unit, divide the total sales revenue of $375,000 by the total units sold of 1,000.
($375,000 / 1,000) = $375 per unit
Therefore, the sales revenue per unit for Todrick Company is $375.
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