The spread of the coronavirus in the U.S. has had negative effects on the U.S. economy. GDP growth rate went negative (-5.8%) in the first quarter of 2020 and unemployment rate spiked to 14.7% in April. Use the aggregate demand and aggregate supply model from chapter 10 to explain this short run downturn? Make sure to indicate the shifts in the curves.

The demand for vehicles increases as a result of tax refunds since more people regard them as a chance to purchase a new vehicle. The price rises as a result of the increased demand. More demand equals higher value.

One of the most annoying aspects of being a working adult is taxes. It can be frustrating to compile all the required paperwork for submitting a tax return and can take hours out of your day. The worry of not knowing if you would owe money is another factor. The simple, lovely tax return, however, is one aspect of tax season that the majority of tax-filing adults look forward to.

Auto dealerships take a chance and purchase fresh inventory toward the end of the preceding year. This entails stocking typical dealerships' shelves with fresh merchandise in an effort to market the newest products.

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Loans are usually offered at the full value of collateral is the true statement.

Collateral is the security or the garantee that an lender accepts on behalf of the loan. It is an asset which is accepted by lender till the repayment of his loan.  

Loans are generally provided on the full value of collateral and it helps in the extension of the loan. The lender also get assured by the collateral specially at the time of non payment of loan he will be able to recover it from collateral.

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3.1 The equilibrium price and quantity for City 1 are 75 and 25, respectively and the total profit for the monopoly is 3775.

3.2 City 2 has a lower price elasticity of demand than City 1.

3.1. To find the equilibrium price and quantity for each city, we need to equate the demand curve with the marginal cost curve. For City 1, we have:

P₁ = 100-Q = MC = 25

Solving for Q, we get:

Q₁ = 25

Plugging this value of Q into the demand curve for City 1, we get:

P₁ = 100-25 = 75

Therefore, the equilibrium price and quantity for City 1 are 75 and 25, respectively.

We can do the same thing for City 2 to find that the equilibrium price and quantity are 95 and 20, respectively.

To find the profit for each city, we can use the following formula:

Profit = (Price - MC) * Quantity

For City 1, we have:

Profit₁ = (75 - 25) * 25 = 1875

For City 2, we have:

Profit₂ = (95 - 25) * 20 = 1900

Therefore, the total profit for the monopoly is 3775.

3.2. To find the price elasticity of demand for each city, we can use the following formula:

Ed = -(ΔQ/Q)/(ΔP/P)

For City 1, we have:

Ed₁ = -(ΔQ₁/Q₁)/(ΔP₁/P₁) = -(0/25)/(25/75) = -1

For City 2, we have:

Ed₂ = -(ΔQ₂/Q₂)/(ΔP₂/P₂) = -(0/20)/(95/120) = -2

Therefore, City 2 has a lower price elasticity of demand than City 1.

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Based on the information provided, Larry can potentially sue Marge in either Ohio state or federal court, or in Indiana state or federal court.

Ohio state court would have jurisdiction because the accident occurred in Toledo, Ohio. Ohio federal court would have jurisdiction if there is diversity of citizenship between the parties (i.e. Larry is a citizen of Indiana and Marge is a citizen of New Jersey) and the amount in controversy exceeds $75,000. Indiana state court would have jurisdiction because Larry is a resident of Indiana. Indiana federal court would have jurisdiction if there is diversity of citizenship between the parties and the amount in controversy exceeds $75,000. New Jersey state or federal court would not have jurisdiction over the case because the accident did not occur in New Jersey and Marge is not a resident of New Jersey.

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While compiling the information about the transactions entered between the bookstore and the customers, the transaction where the vendor takes pride in the product is not a valuable transaction.

Option B is the correct answer.

A customer is an individual who acquires a product from the market in order to satisfy his/her wants.

The transaction is an exchange of a product between two parties where one person is a seller who sells the product for generating revenues and the other is an acquirer who buys the product for the consumption needs. It makes the selling party be reputable in the competition and allows a customer to buy goods at optimum rates.

Therefore, the transaction initiated by the vendor for taking pride in the product is not the reason for rating it as a valuable transaction.

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Answer:

This is a cloud based platform that allows you to create profit generating "Authority E commerce Affiliate stores"by letting you add products from major E commerce networks without any other approval hassles

The two personal financial statements are D. personal balance sheets and cash flow statements.

A personal balance sheet summarizes the individual's assets, liabilities, and net worth.

Assets describe the personal belongings of the individual. Liabilities refer to the total value of a person's belongings owed to others. The net worth shows the difference between the assets and the liabilities.

A personal cash flow statement summarizes a person's cash inflows and outflows in a given period.

A personal cash flow statement shows whether the individual possesses a positive or negative net cash flow that can be put into an investment portfolio for more wealth creation.

Thus, the two personal financial statements are in Option D.

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Answer:

Unit 9 quiz (STUDY GUIDE)

What are the two main types of personal financial statements?

personal balance sheets and cash flow statements

Yusef’s financial advisor tells him that he has made a great budget. Why was he MOST likely successful with his budget?

He chose realistic amounts for each category.

 Tyson’s financial planner asks him to raise the amount of his liquid assets. How can he BEST accomplish this?

Put money in his savings account.

Cali wants to work on improving her money management skills. To start, she needs to gather financial records. What type of financial record would MOST help her begin this process?

her yearly tax forms

 Cisco is a 16-year-old with a part-time job. He makes $100 per week and spends $50 on car insurance each week. This is his only income and his only expense. Which type of budget would be easiest for Cisco?

a mental budget

What is TRUE about the three main components of money management?

Each of the components is connected and builds off of the others.

Ira budgeted $1000 for his expenses this month, but he spent $1500. In order to be fiscally responsible, what does Ira need to do now?

Reexamine his budget; he had a $500 deficit this month.

Which of the main components of money management includes cash flow statements of income and expenses?

personal financial statements

What is NOT one of the main components of money management?

tracking interest rates

Cheng is making a trip to her safe deposit box. What is she MOST likely planning to do?

Put her marriage license in a secure location.

Liabilities are the amounts of money due to others that need to be paid now.

True

Carlos and Keisha have a monthly income of $25,000. They have monthly expenditures that total $30,000. What is TRUE about their cash flow?

They have a $5,000 deficit.

Amira budgeted $400 for her expenses this week. She spent $350. What is TRUE about Amira’s budget and spending?

Amira has a surplus of $50 this week.

What is the term for assets that can be quickly and easily converted to cash?

liquid assets

You are creating a budget with your family. What is one important thing to keep in mind as you come up with a plan for spending?

Don’t forget to include a way to save money for possible emergency situations.

Explanation: 100%

Answer:

An applicant tracking system (ATS) is a human resources software that acts as a database for job applicants.

Banker's draft can be used when the person making the payment wants money to be

available in the receiving bank's account.

Banker's draft is a a form of cheque that is given to a customer at the bank either for a purchase payment.

It can also be brought to another bank for remittance, it serves as evidence for transactions.

Therefore, a banker draft can be used when the person making the payment wants money to be

available in the receiving bank's account.

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Answer:

D. When the person making the payment wants money to be

available in the receiving bank's account

Explanation:

A banker's draft is used as a guarantee of payment to another bank or financial institution. Nonetheless, when someone wants money to be available in the receiving bank's account they use a banker's draft.

Answer:

E) None of these

Explanation:

Calculation to determine which of the following is the mean time between arrivals

Using this formula

Mean time between arrivals = 1/Arrival rate

Let plug in the formula

Mean time between arrivals= 1/12

Mean time between arrivals= 0.0833 hours or 5 minutes

Therefore the Mean time between arrivals will be 0.0833 hours or 5 minutes

Gross income refers to the total income earned by an individual, business, or entity before any deductions or expenses are subtracted.

Gross income is typically calculated on an annual basis, representing the total income earned over a specific period, usually a fiscal year. It serves as a starting point for determining taxable income, which is the amount on which taxes are assessed.

It is important to note that gross income does not account for any deductions or expenses, such as taxes, operating costs, depreciation, or other business expenses. These deductions are subtracted from the gross income to arrive at the net income or taxable income, which is the actual amount on which taxes are levied.

For individuals, gross income includes wages or salaries earned from employment, income from self-employment or freelancing, rental income, investment income, and other sources. It is reported on the individual's tax return and is used to determine their tax liability.

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Answer:

I agree because it make the group bring out more ideals

sometimes group decision make some people to voice out their problems

group decision help organization and firms to operate in good aims

False. Gpd was not designed to assess welfare

Answer:

TRUE

Explanation:

Answer:

true!

Explanation:

because it is

Adopt written guidelines and regulations maintain audio recordings of all discussions, employ a legal team, and get liability insurance.

A brokerage offers middleman services in a variety of contexts, including investing, borrowing money, and buying real estate. A counselor is a facilitator who really arranges a sale between a firm and its customers. A reseller could be either an people or a business.

On behalf of the clients, such brokerage business sells and purchases stock, bonds, options, and many other financial goods. To combine resources and provide the finest service, a lot of brokerages employ lone brokers. Additionally, a lot of businesses which provide financial products include brokerage houses within their range of offerings.

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The purpose of blockchain technology is to provide a decentralized and transparent system for recording and verifying transactions or information. It is a distributed ledger technology that allows multiple parties to maintain a shared database without the need for a central authority. Overall, blockchain technology provides a robust and secure framework for businesses to enhance security, transparency, efficiency, and trust in their operations, leading to improved processes and better customer experiences.

The main purpose of blockchain technology is to create a distributed and secure ledger of transactions. Some key aspects of blockchain technology include:

Distributed - The blockchain is distributed across a network of computers instead of being stored in a centralized location. This makes it more resistant to data tampering and hacking.

Secure - Blockchain uses cryptographic techniques to ensure the integrity and security of the data. Once a transaction is recorded, it is very difficult to change or hack the data.

Transparent - All transactions recorded on the blockchain are publicly visible to anyone with access to the network. This transparency helps prevent fraudulent activities.

Automatic - Blockchain uses a distributed consensus mechanism to automatically validate transactions. There is no need for a central authority or intermediary.

Immutable - Once a transaction is recorded on the blockchain, it is almost impossible to change. This immutability provides a high degree of certainty for transactions.

The main applications of blockchain technology are:

Digital currency - Blockchain underlies cryptocurrencies like Bitcoin which are decentralized digital currencies.

Financial transactions - Blockchain can be used to record financial transactions in an efficient, secure and transparent manner.

Supply chain management - Blockchain can track materials, payments and documents throughout supply chains.

Smart contracts - Self-executing contracts can be embedded in the blockchain to automatically execute terms of agreements.

Asset registry - Assets like land titles, jewelry, artwork, etc. can be recorded on a blockchain to prove ownership and authenticity.

In summary, the key purpose of blockchain technology is to create an incorruptible digital ledger of data that is distributed across a network. This makes the data secure, transparent and permanent.

Answer:

Remain open-minded

Explanation:

The amount of depreciation charge to be included in Tina's statement of profit or loss for the year ended 31 December 20X2 is $25,500

We need to calculate the depreciation charge for the year using the accounting policy of charging depreciation at a rate of 25% on the reducing balance basis. The reducing balance method applies the depreciation rate to the carrying amount of the equipment at the beginning of the year, which means that the depreciation charge reduces each year as the carrying amount decreases.
Using this method, the depreciation charge for the year ended 31 December 20X2 can be calculated as follows:
Carrying amount at beginning of year: $102,000
Depreciation rate: 25%
Depreciation charge for the year: $25,500 ($102,000 x 25%)
Therefore, the depreciation charge to be included in Tina's statement of profit or loss for the year ended 31 December 20X2 is $25,500.

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Answer:

15.59%

Explanation:

Calculation to determine what would the effective percentage cost of its trade credit be

Effective percentage cost=1+(.08/1-.08)]^(365/10)-1

Effective percentage cost=1.08^36.5-1

Effective percentage cost=15.59%

Therefore the effective percentage cost of its trade credit be 15.59%

if Mavericks decides to forego discounts, then, 83.80% would be the effective percentage of cost of its trade credit.

Here we are to calculate what would the effective percentage cost of its trade credit.

Effective cost of not taking discount =  [1 + (8/92)]^[365 / (60 - 10)] - 1

Effective cost of not taking discount = 1.8380 - 1

Effective cost of not taking discount = 0.8380

Effective cost of not taking discount = 83.80%

Therefore, if Mavericks decides to forego discounts, then, 83.80% would be the effective percentage of cost of its trade credit.

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Answer:

1. The expected post-retirement benefit obligation at the end of 2021 is $196,000, the present value of total net costs of providing health care benefits.

2. Calculation of the accumulated post-retirement benefit obligation at the end of 2021 is as below:

APBO = EPBO * Full eligibility period / Attribution period

APBO = $196,000 * 2 / (2+28)

APBO = $196,000 * 2/30

APBO = $13066.66666666667

APBO = $13,066.67

Thus, accumulated post-retirement benefit obligation at the end of 2021 is $13,066.67.

Answer:

Stock portfolio is weighted in $$ not shares.

weight = 100% * (position value) / (portfolio value)

Stock A

155 * $88 = $13,640

Stock B

130 * $98 = $12,740

if these are the only two positions in the portfolio then the total portfolio value is:

$13,640 + $12,740 = $26,380

weight A = 100% * $13,640 / $26,380

= 51.7%

then, since there's only two positions the weight of B is: 100% - 51.7% = 48.3%

Explanation:

A successful career in human resource management requires a combination of skills and competencies, including effective communication, interpersonal skills, problem-solving, strategic thinking, knowledge of employment laws.

A successful career in human resource management requires a combination of skills and competencies that enable HR professionals to effectively manage and support an organization's workforce. Here are key skills and competencies necessary for HR professionals:

Communication Skills: HR professionals must have excellent communication skills, both written and verbal. They need to effectively convey information, listen actively, and facilitate open and transparent communication within the organization.

Interpersonal Skills: Building strong relationships and collaborating with employees at all levels is crucial. HR professionals should be empathetic, approachable, and able to handle sensitive and confidential matters with discretion.

Problem-Solving and Decision-Making: HR professionals often encounter complex issues and conflicts. They need strong problem-solving skills to analyze situations, identify solutions, and make informed decisions that align with organizational goals and legal requirements.

Strategic Thinking: HR professionals should possess the ability to align HR initiatives with the organization's overall strategic objectives. They need to understand the business context, anticipate future needs, and develop HR strategies that contribute to long-term success.

Knowledge of Employment Laws and Regulations: A deep understanding of labor laws, employment regulations, and compliance requirements is essential. HR professionals must stay updated on legal changes to ensure the organization's HR practices and policies are in compliance.

Change Management: HR professionals often play a critical role in organizational change initiatives. They should be skilled in managing change, guiding employees through transitions, and facilitating effective communication during periods of change.

Data Analysis and HR Metrics: Proficiency in data analysis and the ability to derive meaningful insights from HR metrics are becoming increasingly important. HR professionals should be able to use data to make informed decisions, track progress, and identify areas for improvement.

Ethical Practice: HR professionals deal with sensitive employee information and must maintain high ethical standards. They need to uphold confidentiality, fairness, and integrity in all HR-related processes and decisions.

HR Technology: Proficiency in HR technology and systems is essential for streamlining HR processes, managing employee data, and utilizing HR analytics. HR professionals should stay updated on HR software and technology trends to enhance efficiency and effectiveness.

Continuous Learning and Adaptability: HR professionals should have a growth mindset and be willing to continuously learn and adapt to evolving HR practices, industry trends, and organizational needs.

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To maximize profit in a perfectly competitive market, the firm should produce at the output level where marginal cost (MC) equals the market price (P).

The total cost (TC) function is given as:

TC = 1/3Q^3 - 5Q^2 + 20Q + 50

To find the marginal cost, we need to take the derivative of the total cost function with respect to Q:

MC = dTC/dQ = Q^2 - 10Q + 20

A. To maximize profit, set MC equal to the market price (P) and solve for Q:

Q^2 - 10Q + 20 = 6

Q^2 - 10Q + 14 = 0

Solving this quadratic equation will give us the level of output (Q) that maximizes profit. Using the quadratic formula, we find:

Q ≈ 2.34 or Q ≈ 7.66

Since Q represents the level of output, it cannot be a fraction or negative value in this context. Therefore, the firm should produce approximately 7 units of output to maximize profit.

B. To determine the level of profit at equilibrium, we need to calculate total revenue (TR) and subtract total cost (TC) at the output level where MC = P.

TR = P * Q

TR = 6 * 7 = 42

Profit (π) = TR - TC

Profit (π) = 42 - TC

To calculate the specific level of profit, we need the total cost equation. Substituting the value of Q into the TC equation, we can find the total cost at equilibrium.

C. To determine the minimum price required by the firm to stay in the market, we need to consider the level of average variable cost (AVC). If the price falls below AVC, the firm would be better off shutting down in the short run.

AVC = TVC / Q

AVC = (TC - TFC) / Q

However, the total fixed cost (TFC) is not provided in the given information. Without the TFC value, we cannot determine the minimum price required to stay in the market.

Therefore, we can answer parts A and B, but we cannot determine the minimum price required to stay in the market without the total fixed cost (TFC) information.

(a) The given statement, "Perfect competition has an identical good" is true.

(b) The given statement, "A monopolistically competitive firm makes zero economic profit in the long run" is false.

(c) The given statement, "The defining feature of oligopoly is a large number of firms" is false.

(d) The given statement, "The defining feature of oligopoly is a large number of firms" is true.

(a) In perfect competition, all firms produce identical goods, which means that consumers cannot differentiate between them based on the product. Therefore, firms have to compete based on price and quality of their product.

(b) In monopolistic competition, firms can earn economic profit in the short run but may not be able to sustain it in the long run. This is because other firms can enter the market and offer similar products, which reduces the demand for the original firm's product and lowers its price, eventually resulting in zero economic profit.

(c) The defining feature of oligopoly is a small number of large firms that dominate the market. These firms have significant market power and can influence the market's price and quantity. Oligopolies can lead to collusion between firms, creating barriers to entry and limiting competition.

(d)  A natural monopoly arises when a single firm can produce the entire output of the market at a lower cost than any combination of two or more smaller firms. This is due to economies of scale, where the average cost of producing a good decreases as the quantity produced increases.

Therefore, it is more efficient to have one firm producing the entire output rather than multiple smaller firms. However, natural monopolies can lead to market failure, and regulation may be necessary to prevent abuse of market power.

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The journal entry of Department Store for the current year ending December 31 is given below:

Journal entries are the entries made to document the transactions carried out by the company. The books of accounts have a record of every dollar that comes in and goes out. The transactions that are documented are in the book of accounts and are examined and audited for surplus payments or deficits, which are the most frequent errors to be discovered over recording, after they have been made. Below are the diary entries related to the context that are attached.

Date                    Particular                    Amount (Dr)                  Amount(Cr)

1 Dec 2005         cash                                 500                                                                                                                                                               500   2 Dec 31              cash                              798,000

                           Sales                                                                    760,000                            

                    Sales Taxes Payable                                                  38,000

                    (Being sales recorded)                            

3. Dec 10              Delivery   Truck             126,000

                               cash                                                                    126,000   4. Dec 31                 cash                              126000

                               Sales                                                                     2500  

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Answer:

C) How should the goods be produced

Explanation:

In economics, it is very important to consider the consumer population as well as marketing audience, profitable products and ideas, and when they will generate the most profit.

Hope this helps!

Answer:

$39,720

Explanation:

Total fixed costs that represent current cash flows = $35,760 - $4,100

Total fixed costs that represent current cash flows = $31,660

Variable costs = 2,600 units * $3.10

Variable costs = $8,060

The cash disbursements for selling and administrative expenses on the March selling and administrative expense budget will be

= $31,660 + $8,060

= $39,720

Fast casual restaurants such as Chipotle, are expanding because firms recognize that potential customers are predominantly young people. This scenario illustrates demographic factors influence marketing decisions. The correct option is A.

Marketers use the term "demographic environment" to describe the characteristics of a population that can influence the success of a commercial or commercial venture. The most major demographic factors for businesses are age, gender, income, education level, and occupation.

Demographics are an important part of your small business marketing strategy because they help you identify individual members of your audience based on certain characteristics, wants, and needs. Businesses use demographic data to better understand the characteristics of the people who purchase their products and services.

Thus, the ideal selection is option A.

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Answer:

Account payable days = 67.36 days

Explanation:

The payable days is the average length of time it takes a business to settle its account payable. It is calculated as thus;

Account payable days = Average account payable / Cost of goods sold × 365

Account payable = $8,253/44,721 × 365

Account payable = 67.36

Therefore, it will take Heritage about 67.36 days to settle its account payable