Alt Corporation enters into an agreement with Yates Rentals Co. on January 1, 2021 for the purpose of leasing a machine to be used in its manufacturing operations. The following data pertain to the agreement:
(a) The term of the noncancelable lease is 3 years with no renewal option. Payments of $574,864 are due on January 1 of each year.
(b) The fair value of the machine on January 1, 2021, is $1,600,000. The machine has a remaining economic life of 10 years, with no salvage value. The machine reverts to the lessor upon the termination of the lease.
(c) Alt depreciates all machinery it owns on a straight-line basis.
(d) Alt’s incremental borrowing rate is 10% per year. Alt does not have knowledge of the 8% implicit rate used by Yates.
(e) Immediately after signing the lease, Yates finds out that Alt Corp. is the defendant in a suit which is sufficiently material to make collectibility of future lease payments doubtful. If Alt accounts for the lease as an operating lease, what expenses will be recorded as a consequence of the lease during the fiscal year ended December 31, 2021?
a. Amortization Expense
b. Lease Expense
c. Interest Expense
d. Amortization Expense and Interest Expense
Answers
If Alt accounts for the lease as an operating lease, these are the Amortization Expense and Interest Expense that will be recorded as a consequence of the lease during the fiscal year ended December 31, 2021. Hence, Option D is correct.
What is the meaning of the term “Expense”?An expense is something that requires paying cash, or fortune in general, to another person or organization in exchange for a good, service, or other kind of cost. Rent is an expense for a tenant. Tuition is an expense for both parents and students.
An expense is a cost a firm faces while carrying out its operations. Payroll costs, maintenance costs, rent costs, and depreciation are all expenses. Profits are calculated by deducting expenses from revenue.
These expenses will be incurred as a result of the lease throughout the fiscal year that ends on December 31, 2021, if Alt treats the lease as an operational lease.
Therefore, Option D is correct.
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Related Questions
Brand equity is…………………?
Answers
Answer:
Brand equity, in marketing, is the worth of a brand in and of itself — i.e., the social value of a well-known brand name.
Question 7 of 10
Business health insurance plans are
A. required
B. varied
C. non-existent
D. uniform
so
Answers
Promotion is defined as a business activity that does not encourage the sale of a product or service.
True
False
Answers
Answer:
False
Explanation:
Promotion is promoting a product or service so that someone can buy it.
19. How many of the following balance sheet items are classified as current?
Retained earnings
Accounts payable
Plant and equipment
Inventory
Common stock
Bonds payable
Accrued wages payable
Accounts receivable
Preferred stock
A. 3 of these items are classified as current
B. 4 of these items are classified as current
C. 5 of these items are classified as current
D. 6 of these items are classified as current
Answers
The four of these items are classified as current Inventory, Account receivable, account payable and account wages payable.
What is current assets and liabilities?current assets-1.Inventory
2. Debtor's accounts
The resources that a company owns and can turn into cash during the current accounting period are referred to as current assets. Current assets are used to pay off current liabilities, which has an impact on the entity's liquidity.
Current liabilities-1. Payables account
2. Payable account wages
The short-term debts a company owes to other organizations that are expected to be repaid during the current accounting period are known as current liabilities.
While bonds payable are non-current liabilities, plant and equipment are non-current assets. Equity includes the retained earnings, common stock, and preferred stock.
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Can anyone help me with this accounting question? Im confused with the question
Answers
Answer:
what the heck
Explanation:
is this englesh
What types of crime you experience most frequently?
Answers
Answer:
well if you live in a safe country
Explanation:
u wont experience any crime
Answer:
Hey mate.....
Explanation:
This is ur answer.....
There are many cases going on maybe now or everytime but like now around me there are no cases I experienced till now.....But if you are asking the frequent cases that take place nowadays is most probably Cyber bullying.....
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This activity is important because the final price serves many functions for the firm. The final price must be high enough to cover the firm's costs and achieve the firm's objectives, but also low enough to be attractive to consumers. To set the final price, marketing managers begin with the list (quoted) price and then make price adjustments. Marketing managers use both discounts and allowances, which are reductions from the list price given, as a reward for performing an activity to arrive at the final price. The four most common types of discounts are (1) quantity, (2) seasonal, (3) trade (functional), and (4) cash. The goal of this activity is to demonstrate your understanding of the four types of discounts used by sellers.
Select the most appropriate category of discount for each of the eight examples below.
1. Chiquita encourages Smoothie King to pay its bills for bananas quickly by offering a 3% discount on bills that are paid within 7 days.
2. To encourage Target Stores to place its orders for bagged candy well before the trick-or-treat season, Hershey offers a low price on Reese's Peanut Butter Cups for orders placed before June.
3. Radio Flyer tries to get toy stores to order snow sleds and saucers in May by temporarily lowering the retailer's cost for its outdoor snow toy line.
4. Costco can purchase up to 1000 pallets of water from the manufacturer for $300 per pallet, but the costs drops to $275 per pallet for orders of 1001 or more pollets.
5. To get bills for its storage products paid quickly, Rubbermaid offers a 1% discount on bills that are paid in full within 10 days.
6. Pepsi offers a grocery store a reduction in the pallet price of Pepsi products in exchange for the store setting up a large football- themed display at the front of the store.
7. Consumers can buy a four-pack of Dove White Beauty Bars for $5.49 or they can buy an eight-pack of the same soap for $8.49.
8. Haggar offers Kohl's a reduction in the cost of its Men's Cool 18 Flat Front Pants in exchange for Kohl's running local advertising featuring Haggar products.
Answers
The types of discounts and their examples are displayed below:
Discount Category Example
Cash 1. Chiquita's 3% discount for payment within 7 days.
Seasonal 2. Hershey's offers of a low price for orders placed
before June.
Seasonal 3. Radio Flyer's lowered retailer's costs to encourage
toy stores to order in May.
Quantity 4. Reduced cost per pallet for orders above 1,000
pallets.
Cash 5. Rubbermaid's offer of 1% discount on bills paid
within 10 days.
Trade 6. Pepsi's offer to a grocery store of reduced pallet
price in exchange of a large football-themed display.
Quantity 7. Buying eight-pack Bars for $8.49 instead of a four-
pack Bars for $5.49.
Trade 8. Haggar's offer of reduced cost in exchange for
Kohl's running local advertising with Haggar products.
Thus, each category of discounts has specific purposes it achieves.
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Let MAC1 = 100 – 10E and MAC2 = 50 – 10E. Graph each function and compute the aggregate MAC curve. Let MD = 30E, compute the socially efficient equilibrium. For the equations given above, suppose the government sets the pollution level at four units. What are the net social costs of this policy?
Suppose a technological change occurs that reduces the marginal costs of abatement for polluter 1 in the above equation to that of polluter 2. How does this affect the socially efficient level of pollution? Solve numerically and graphically.
Answers
If the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not impact the socially efficient level of pollution. The level is still determined by equating Marginal Damage with the Aggregate MAC.
To graph each function, we can plot MAC1 and MAC2 on a graph with the quantity of emissions (E) on the x-axis and the marginal abatement cost (MAC) on the y-axis.
For MAC1: MAC1 = 100 - 10E
For MAC2: MAC2 = 50 - 10E
To compute the aggregate MAC curve, we add the individual MAC curves together. So, Aggregate MAC = MAC1 + MAC2.
Aggregate MAC = (100 - 10E) + (50 - 10E) = 150 - 20E
Now, let's calculate the socially efficient equilibrium by setting the Marginal Damage (MD) equal to the Aggregate MAC.
MD = Aggregate MAC
30E = 150 - 20E
Simplifying the equation, we get:
50E = 150
E = 3
Therefore, the socially efficient equilibrium occurs when the quantity of emissions (E) is 3.
Now, let's calculate the net social costs of the policy when the government sets the pollution level at four units.
Net social costs = Aggregate MAC - MD
Net social costs = (150 - 20(4)) - (30(4))
Net social costs = 110 - 120
Net social costs = -10
The net social costs of this policy would be -10, indicating a net benefit to society.
If a technological change occurs that reduces the marginal costs of abatement for polluter 1 to that of polluter 2, it means that MAC1 will become equal to MAC2.
Setting MAC1 equal to MAC2:
100 - 10E = 50 - 10E
Simplifying the equation, we find that E can have any value, as both sides are equal.
Graphically, this change would mean that MAC1 and MAC2 become parallel lines on the graph, with the same slope and intercept. The socially efficient level of pollution would still be determined by equating MD with the aggregate MAC.
In conclusion, if the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not affect the socially efficient level of pollution. The socially efficient level is still determined by equating the Marginal Damage with the Aggregate MAC, regardless of the marginal costs of individual polluters.
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L 5.4.2 Test (CST)!
Question 8 of 20
Which of these is a consequence of speeding?
Answers
Answer:
If you are pulled over by the police you will get a ticket for speeding.
You will go to court and be fined. In many cases, drivers can get jury duty or pay a fine depending on how much the state charges for speeding.
If you are not pulled over and are speeding the consequences can be indefinite. You can crash into another vehicle and cause physical damage to other passengers in the other vehichle not only to yourself. The damage can sometimes be irreparable like comas, paralyzed, or even brain/spinal damage.
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under manufacturing what are the following national and international business opptunities
Answers
When nations cannot successfully produce a true or service, they can seek to acquire it through trade with every other country. These opportunities to specialize regularly lead to greater effectivity in production, greater levels of innovation, and extended satisfactory of development.
Which of the following is are kind kinds of global enterprise *?The fundamental sorts of International business include: Export Trade: Selling products and services to different nations. Import Trade: Buying items and offerings from different countries. Entrepot Trade: Importing items and offerings to re-export them to other nations.
Attract foreign demand: Some companies are unable to extend their market share due to fierce competition within the enterprise
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Question 2
Questions 2 & 3 are related.
One month into your job at Madison square garden, your supervisor requests that you draft an outline of a hospitality event your department will host for the upcoming hockey season. Which principle can be best used for this assignment?
A) Project Management Software
B) Developing an Action Plan
C) S.M.A.R.T goals
D) None of the above
Question 3
Your supervisor reviews your proposed hospitality event and begins to question if the event will be executed at optimal level and if enough resourcesare available at the department’s disposal.Your supervisor is likely questioning the event
A) Feasibility
B) Success
C) Failure
D) Economic impact
Answers
Answer:
B) Developing an Action Plan
Explanation:
Which of the following indicates a website is NOT secure?
Answers
Answer:
a) a lock icon is not displayed in the address bar
(d) the url of the website begins with http
Explanation:
The lock item in the address bar is proof that the communication between your computer and the website is secure because it indicates that the communication is encrypted. If it is not there therefore, the communication is not secure.
Websites with Hypertext Transfer Protocol Secure (HTTPS) are secured as the communication is encrypted by the use of Transport Layer Security unlike websites with the basic HTTP. Visits to such sites are therefore riskier as there is a higher chance of information theft.
The website is not secure when its not displaying a lock, missing an updated SSL and does start with an HTTP instead of HTTPS.
There are many methods of checking that a website is secure is not correct by the use of various software tools like domain blocker, website checker etc.Hence the option D is correct that is the URL of the website begins with HTTP.
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Summarize chaleff’s courageous followership? I need help!!
Answers
Chaleff's courageous followership emphasizes the importance of active and engaged followers who possess the courage to speak up, take initiative, act ethically, and influence their leaders and organizations positively.
Chaleff's courageous followership is a concept that highlights the significance of followers who possess the courage and willingness to actively engage in their roles and influence their leaders and organizations in a positive manner. It challenges the traditional notion that followers should simply obey and conform to their leaders without question.
According to Chaleff, courageous followership involves followers who are willing to speak up, take initiative, and provide constructive feedback to their leaders. These followers are not afraid to express their opinions, voice concerns, and offer alternative viewpoints, even when it goes against the prevailing norms or authority. They understand that their active participation is crucial for the success and growth of the organization.
Courageous followers also exhibit ethical behavior and take responsibility for their actions. They hold themselves accountable for their decisions and actions, aligning their behaviors with their values and the organization's values. They are willing to stand up against unethical practices and unethical leadership when necessary, with the aim of promoting integrity and ethical decision-making within the organization.
Chaleff's courageous followership promotes a collaborative and mutually beneficial relationship between leaders and followers. It encourages leaders to create an environment where followers feel safe and empowered to express their ideas and concerns. By fostering open communication and embracing diverse perspectives, leaders can tap into the full potential of their followers and create a culture of innovation and adaptability.
In summary, Chaleff's courageous followership emphasizes the importance of active and engaged followers who possess the courage to speak up, take initiative, act ethically, and influence their leaders and organizations positively. It advocates for a dynamic and collaborative relationship between leaders and followers, ultimately aiming to enhance organizational effectiveness, ethical decision-making, and overall success.
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Suppose that the production function is y= 9k^0.5 N^0.5. With this production function, the marginal product of labor is MPN= 4.5K^0.5 N^-0.5. The capital stock is K= 25. The labor supply curve is NS= 100[(1-t)w]^2, where w is the real wage rate, t is the tax rate on labor income, and hence (1-t)w is the after-tax real wage rate.c.Suppose that a minimum wage of w=2 is imposed. If the tax rate on labor income, t, equals zero, what are the resulting values of employment and the real wage? Does the introduction of the minimum wage increase the total income of workers, taken as a group?
Answers
The resulting values for employment and the real wage are 70.3125 and $1.5811 per hour, respectively.
The introduction of the minimum wage does not increase the total income of workers taken as a group.
How to determine employment and real wageTo find the resulting values of employment and real wage, determine where the labor supply curve intersects the labor demand curve.
MPN =
\(4.5K^0.5 N^-0.5 = (9K N)^0.5 / (2KN)^0.5 = (9/2)^0.5 (K/N)^0.5 = w/P
\)
where P is the price of output, which we can assume is equal to 1.
This equation can be rearranged to solve for N:
N =
\((9/2) (K/w)^2\)
Plugging in K = 25 and w = 2, we get:
N =
\((9/2) (25/2^2) = 70.3125\)
To find the real wage, we can plug this value of N into the labor supply curve:
NS =
\(100[(1-t)w]^2 = 100(1-0)(2)^2\)
= 400
Since labor supply exceeds labor demand, the real wage will be bid down to the equilibrium level.
\((9/2)^0.5 (K/N)^0.5 = w/P
(9/2)^0.5 (25/N)^0.5 = 1/2
N = (9/2) (25/2^2) = 70.3125
w = 2(70.3125/100)^0.5 = 1.5811\)
The equilibrium real wage is $1.5811 per hour.
To determine whether the introduction of the minimum wage increases the total income of workers,
Total income before minimum wage = wN = 1.5811 x 70.3125 = $111.31
After the minimum wage of $2 is imposed, the real wage is fixed at $2, and the level of employment is determined by the intersection of the labor supply and demand curves at this wage:
N =
\((9/2) (25/2^2) / (2)^2 = 35.15625\)
Total income after minimum wage = wN = 2 x 35.15625 = $70.31
Since the total income of workers decreases from $111.31 to $70.31 after the minimum wage is imposed, the introduction of the minimum wage does not increase the total income of workers taken as a group.
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1. ______should develop a statement of ethical values. 2. If employees lack ________, they may be ineffective in performing their duties. 3. Organizational structure provides a basis for planning, directing, and controlling _________. 4. The audit committee should be composed of directors who are not _______of the organization. 5. To enhance the control environment, management develops job __________.
Answers
According to the business and organization practices:
Senior Management should develop a statement of ethical values.
This is because they are the ones that are responsible for establishing and enforcing rules and regulations.If employees lack skills, they may be ineffective in performing their duties.
This is because it is through the application of skills employers perform their functions.Organizational structure provides a basis for planning, directing, and controlling Operations.
This is because organizational structures are comprised of all the activities occurring in the company.The audit committee should be composed of directors who are not employees of the organization.
This is because fair and credible auditing should be done by people who are not biased or interested in the firm.To enhance the control environment, management develops job descriptions.
This is because job descriptions will give all employees the ideas he needs to perform his functions.
Hence, in this case, it is concluded that business practices and operations are crucial to the success of any company.
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Suppose that government officials have set an emissions tax to reduce pollution. Assume that the optimal tax would be $1,500, but government officials have set the tax at $500. At the equilibrium with the $500 tax: a. there will be too much pollution. b. the marginal social cost of pollution will be less than $500. c. the marginal social benefit of pollution will be less than $500. d. the marginal social benefit of pollution will be more than $500.
Answers
Answer: there will be too much pollution
Explanation:
From the question, we are informed that government officials have set an emissions tax to reduce pollution and that the optimal tax should have been $1,500 but government officials have set the tax equal to $500.
It should be noted that due to the fact that the optimal tax has been set below the equilibrium, this will lead to a rise in pollution as the people will be aware that they're paying less than the optimal level which will lead to more pollution. An increase in the optimal tax will have help in reducing the pollution.
Calculating Returns and Variability (LO1) You’ve observed the following returns on Regina Computer’s stock over the past five years: 7%, −12%, 11%, 38%, and 14%. a. What was the arithmetic average return on Regina’s stock over this five-year period? b. What was the variance of Regina’s returns over this period? The standard deviation?
Answers
The arithmetic average return that Regina Computer stock saw on its returns over the five years was 11. 6 %
The variance of the returns over the period was 320.3, and the standard deviation was 17.9 %
How to find the arithmetic mean?The arithmetic mean on returns can be found by summing up all the returns and then dividing this by the number of returns.
The arithmetic mean to Regina stock in the five year period was therefore:
= (7 % + - 12% + 11 % + 38 % + 14 % ) / 5
= 58 % / 5
= 11. 6 %
Using this mean, the variance can be found on a spreadsheet to be 320.3.
The standard deviation is the square root of variance so the standard deviation of Regina Computer stock in the past 5 years is:
= √ Variance
= √ 320.3
= 17.89
= 17.9 %
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What is an advantage of home ownership??
Answers
Answer:
Privacy Usually a good investment More stable housing costs from year to year Pride in ownership and strong community ties Tax incentives Equity buildup (savings)
Explanation:
Which of the following supports a business strategy that incorporates the key
operational capability of flexibility?
O Utilizing specialized, automated equipment for consistent product buildup
O Using electronic tools to improve customer communications
Having high quality standards for suppliers
O Reducing labor and shelving costs
O Maintaining excess production capability
Answers
Business strategy that incorporates the key operational capability of flexibility is utilizing specialized, automated equipment for consistent product buildup.
Thus, the correct option is A.
What is Business strategy?
A business strategy explains the precise methods through which a company intends to position itself, accomplish its short- and long-term objectives, and expand over time.
A plan outlining how a corporation will accomplish its objectives is known as a business strategy. Although there are many distinct business strategies, cost leadership, differentiation, and focus are a few typical examples.
Cost, quality, distribution, technology, and intellectual property are the only five corporate tactics (IP). These five concepts, or a mixture of them, form the basis of all corporate strategy. Focusing your business on just one thing is generally the simplest to implement.
A strategy is essentially just a hypothesis. For a strategy to be effective, the issue that needs to be resolved must be accurately diagnosed, a guiding policy must be established to handle the issue, and a set of cogent actions must be proposed to carry out the policy.
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The drawings account receives a __________ entry when the owner withdraws money for personal use.
A. Debit
B. Credit
Answers
Hope this helps :)
Option A
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in the short run, which of the following firms should attempt to produce where average costs are at a minimum in order to maximize profits or minimize losses?
a. perfectly competitive firm
b. a monopolistically competitive firm
c. an oligopoly
d. a monopoly
e. none of the above
Answers
Answer: A perfectly competitive firm
Explanation:
An effective contract writing will describe all _________________ to be conveyed or excluded in the sale in detail.
Answers
An effective contract writing will describe all terms and conditions to be conveyed or excluded in the sale in detail.
An effective contract writing will describe all the essential elements and provisions to be conveyed or excluded in the sale in detail. These elements encompass a wide range of aspects that need to be clearly defined to ensure the rights, obligations, and expectations of both parties are accurately outlined.
Firstly, the contract should outline the identification of the parties involved, including their legal names, addresses, and any other pertinent details that establish their identities. This ensures clarity and avoids any confusion regarding the individuals or entities responsible for fulfilling the contract's terms.
Next, the contract should explicitly define the subject matter of the sale. This includes a comprehensive description of the goods, services, or property being transferred, along with any specifications, quantities, quality standards, or other relevant details. Clearly stating what is included and what is excluded in the sale helps prevent misunderstandings and potential disputes in the future.
Furthermore, the contract should outline the purchase price or compensation, including any payment terms, installment schedules, or contingencies. It should specify the currency in which the payment will be made and any applicable taxes, fees, or additional costs that may be incurred during the transaction.
Additionally, the contract should cover the timeframe and conditions of the sale, including delivery or transfer dates, inspection and acceptance procedures, and any warranties or guarantees provided by either party. It should also address any contingencies or conditions that must be met before the sale can be completed.
Moreover, an effective contract writing should incorporate provisions related to the allocation of risks and liabilities. This includes clarifying who bears responsibility for loss or damage during transit or after delivery, as well as any limitations of liability or indemnification clauses that protect the parties involved.
Lastly, the contract should address dispute resolution mechanisms, such as arbitration or mediation, to provide a framework for resolving conflicts should they arise. It should also include provisions related to the termination or cancellation of the contract and any associated penalties or remedies.
In conclusion, an effective contract writing comprehensively describes all the terms and conditions to be conveyed or excluded in the sale. By addressing the aforementioned aspects in detail, the contract minimizes ambiguity, establishes clear expectations, and protects the interests of both parties involved in the transaction.
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Economic demand is?
A. the amount of a good or service that consumers are willing and able to buy at one price.
B. the amount of a good or service that consumers are willing and able to buy at various prices.
C.the amount of a good or service that producers are willing and able to produce at various prices.
D. the amount of a good or service that consumers are willing but not able to buy at various prices.
Which of the following is correct?
Answers
The correct answer is B. Economic demand is the amount of a good or service that consumers are willing and able to buy at various prices.
It reflects the relationship between the price of a product and the quantity that consumers are willing to purchase at that price. Demand is influenced by factors such as price, consumer preferences, income levels, and availability of substitutes.
As the price of a product decreases, the quantity demanded generally increases, and vice versa, following the law of demand. The demand curve represents this relationship, showing the quantity of a good or service that consumers are willing and able to buy at different price points.
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Planning to finance higher education helps people prepare for their financial future because it teaches them about.......
a.) funds management and loans
b.) their educational options
c.) the real world
d.) meeting short term goals
Answers
- Ethical Considerations. Is managing a business in ways
that reflect society's core values always ethical? Explain
your answer.
Answers
Yes
It is because it really helps
a.
If you are leaving a company in which certain people have supported your career and your efforts, it is reasonable and
polite to
Cut them out of your life
b. Tell your boss they are great
Give them an expensive gift
d. Write them a thank you note
Answers
If an individual left a company where the people are very supportive of him/her, then an individual should write a thank you note to the company.
Option D is the correct answer.
What is a company?A company is an organization or entity that hires an employee based on his/her qualifications. The company can be private or public depending on the structure and its working criteria.
When an individual resigns from a company where he/ she gets support and appraisal from their seniors during their working time, then he/she must draft a thank you note to the company which shows a reasonable and polite behavior of that individual. In the note, he/she can tell their experience with the company and improvements throughout the whole working journey.
Therefore, the reasonable and polite way is to draft a thank you note for the company that supports the individual in their working journey.
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Answer:
B: Tell your boss they are great
Explanation:
what is least likely to get managers to act in best interest of the owner threat of a prozy fight stock option plans
Answers
Answer:
The least likely to get managers to act in the best interest of the owner is:
stock option plans.
Explanation:
But with the threat of a proxy fight, managers get up to speed, acting in the best interest of the owners of the firm because their jobs are at stake. The main purpose of a proxy fight is the removal of the current management of the firm. During a proxy fight, contest, or battle, some shareholders in a company attempt to oppose and vote out the current management or board of directors. On the other hand, stock option plans reward managers with employee ownership rights at discounted prices.
Isaiah is a Financial Quantitative Analyst for a major stock investment company. What does Isaiah do on a daily basis as a part of his job?
He researches, analyzes, and summarizes information about fraud.
He assesses financial situations using mathematical models.
He analyzes tax information using mathematical formulas.
He manages the paperwork for buying and selling securities.
Answers
Isaiah is a Financial Quantitative Analyst for a major stock investment company. He assesses financial situations using mathematical models. Therefore Option B is correct.
What is a Financial Quantitative Analyst?A quantitative analyst, also known as a "quant," is a professional who uses statistical and mathematical techniques to solve financial and risk management issues. In order for businesses to make financial and business decisions on things like investments, pricing, and other things, they create and implement complicated models.
An expert in financial quantitative analysis advises organizations and people who are making investment decisions. In order to locate profitable investments for their clients, they examine and assess available investment alternatives.
To create trading algorithms and computer models, financial quantitative analysts process a wide range of data. They just use numbers to determine their investments.
Hence, He assesses financial situations using mathematical models.
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If the total cost function is given by TC=1500+20Q-3Q^2+Q^3, where Q stands for the
level of output produced so find The level of output that minimize marginal cost?
Answers
Q = 1 is the output level with the lowest marginal cost.
What is Marginal Cost?The cost of producing an additional unit of output or increasing production by one unit is referred to as marginal cost. It is calculated by dividing the change in output quantity by the change in total costs. To put it another way, it is the price of making one more unit of a good or service. In economics, margin cost is important because it helps businesses decide on production levels and pricing strategies. Firms are able to determine the most profitable production level by comparing the marginal cost to the marginal revenue.
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According to the diagram pictured:
What’s the prevailing price for the product given the introduction of world price?
15
12
8
10
Answers
According to the diagram the prevailing price for the product given the introduction of world price is Pw = 15 (Option A).
What happens to a market when a price is imposed by the government?When a price is imposed by the government, it creates a situation of price control, where the government either sets a minimum or maximum price that can be charged for a good or service.
In the case of a price floor (minimum price), this can result in an excess supply of the good or service, as suppliers are unable to sell all their products at the government-mandated price.
In the case of a price ceiling (maximum price), it can lead to a shortage of the good or service, as suppliers are unwilling to supply the product at a price lower than the market equilibrium.
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