Exercise 19-15 Taxable income and pretax financial income would be identical for Huber Co. except for its treatments of gross profit on installment sales and estimated costs of warranties. The following income computations have been prepared Taxable income 2016 2017 2018 Excess of revenues over expenses (excluding two temporary differences) Installment gross profit collected $160,000 $210,000 $90,000 8,000 8,000 8,000 Expenditures for warranties (5,000) (5,000) (5,000) Taxable income $163,000 $213,000 $93,000 Pretax financial income 2016 2017 2018 Excess of revenues over expenses (excluding two temporary differences) Installment gross profit recognized Estimated cost of warranties $160,000 $210,000 $90,000 24,000 (15,000) Income before taxes $169,000 $210,000 $90,000 The tax rates in effect are 2016, 40%; 2017 and 2018, 45%. All tax rates were enacted into law on January 1, 2016. No deferred income taxes existed at the beginning of 2016, Taxable income is expected in all future years. Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2016, 2017, and 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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Answer 1

To record income tax expense, deferred income taxes, and income taxes payable for 2016, 2017, and 2018, journal entries are made based on the differences between taxable income and pretax financial income.

To prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2016, 2017, and 2018, we need to calculate the income tax expense and the deferred tax liability or asset for each year based on the taxable income and pretax financial income differences. Here is the journal entry:

2016:

Income Tax Expense ([$163,000 - $169,000] * 40%) 2,400

Deferred Tax Liability ([$169,000 - $160,000] * 40%) 3,600

Income Taxes Payable ([$163,000 - $169,000]) 6,000

Deferred Tax Liability 3,600

Income Tax Expense 2,400

2017:

Income Tax Expense ([$213,000 - $210,000] * 45%) 1,350

Deferred Tax Asset ([$210,000 - $210,000] * 45%) 0

Income Taxes Payable ([$213,000 - $210,000]) 3,000

Income Tax Expense 1,350

Income Taxes Payable 3,000

2018:

Income Tax Expense ([$93,000 - $90,000] * 45%) 1,350

Deferred Tax Asset ([$90,000 - $90,000] * 45%) 0

Income Taxes Payable ([$93,000 - $90,000]) 3,000

Income Tax Expense 1,350

Income Taxes Payable 3,000

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Related Questions

Community Bank's Tier 1 capital is $213 million and Tier II capital is $84 million. The bank has $3500 million assets and $2500 million risk weighted assets. The bank advances $125 million loan to fund a high-rise commercial building and the loan is fully funded by new deposits. The risk weight of commercial buildings is 150%. What is the bank's new Total Capital Ratio? a. 11.05% b. 11.31% c. None of the other options are correct d. 17.82% e. 3.13%

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The bank has $3500 million assets and $2500 million risk-weighted assets.

The bank advances $125 million loan to fund a high-rise commercial building and the loan is fully funded by new deposits. The risk weight of commercial buildings is 150%. To calculate the bank's new total capital ratio, the bank's Tier I and Tier II capital should be calculated.Tier 1 capital = $213 millionTier 2 capital = $84 millionTotal capital = Tier 1 capital + Tier 2 capital $213 million + $84 million = $297 million

The total risk-weighted assets can be computed using the formula:Total Risk-Weighted Assets = Risk weight % × Risk-Weighted ExposureTotal Risk-Weighted Assets = 150% × $125 millionTotal Risk-Weighted Assets = $187.5 millionTotal Capital Ratio = Total capital ÷ Total risk-weighted assetsTotal Capital Ratio = $297 million ÷ $187.5 millionTotal Capital Ratio = 1.58Total Capital Ratio = 1.58 × 100%Total Capital Ratio = 158%

Therefore, the bank's new Total Capital Ratio is 158%.Option (c) None of the other options are correct.

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Tony Industries plan to sell a machine in the current tax year. The cost basis presented is RM500,000 and the accumulated depreciation is RM450,000. The effective income tax rate is 0.30.
Determine:
(i) the minimum sold price required of the machine to gain on the disposal and
(ii) the revised minimum sold price required of the machine to gain on the disposal if the effective income tax rate adjusted to 0.50 while accumulated depreciation increased 10%.

Answers

The minimum sold price required would be RM50,000 or higher.  The new minimum sold price required to gain on the disposal would be RM5,000 or higher.

To determine the minimum sold price required to gain on the disposal of the machine, we need to calculate the book value of the machine first. The book value is the cost basis minus the accumulated depreciation.

(i) With an effective income tax rate of 0.30:

Book Value = Cost Basis - Accumulated Depreciation

          = RM500,000 - RM450,000

          = RM50,000

To gain on the disposal, the sold price should be higher than the book value. Therefore, the minimum sold price required would be RM50,000 or higher.

(ii) If the effective income tax rate is adjusted to 0.50 and accumulated depreciation increases by 10%:

New Accumulated Depreciation = Accumulated Depreciation + (10% * Accumulated Depreciation)

                                   = RM450,000 + (0.10 * RM450,000)

                                   = RM495,000

New Book Value = Cost Basis - New Accumulated Depreciation

                    = RM500,000 - RM495,000

                    = RM5,000

With the revised effective income tax rate and increased accumulated depreciation, the new minimum sold price required to gain on the disposal would be RM5,000 or higher.

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Product Lines Research the two brands Samsung and General Mills and perform the following:

List the product mix for the brand List the product lines for the brand

Explain how the product lines they currently support make sense together.

how does the product line make sense for the company and its processes.

Be sure to cite your sources for the research portion of this assignment.

The written part of this assignment should be 7-8 written paragraphs.

Answers

Samsung:

- Product Mix: Samsung offers a wide range of electronic products, including smartphones, tablets, televisions, home appliances, wearable devices, audio equipment, cameras, and computer accessories.

General Mills:

- Product Mix: General Mills specializes in food products, with a diverse portfolio that includes cereal, yogurt, snacks, baking mixes, refrigerated dough, and frozen meals.

- Product Lines: General Mills' product lines consist of well-known brands such as Cheerios, Wheaties, Lucky Charms, Betty Crocker, Pillsbury, Old El Paso, Nature Valley, Yoplait, and Häagen-Dazs.

The product lines supported by Samsung and General Mills make sense together due to their focus on providing comprehensive solutions within their respective industries.

For Samsung, the product lines cover various aspects of consumers' electronic needs, ranging from personal devices like smartphones and tablets to home appliances and audio equipment. This comprehensive approach allows Samsung to cater to different aspects of their customers' lives, creating a seamless ecosystem of interconnected products that enhance convenience and productivity.

Similarly, General Mills' product lines complement each other by covering different categories within the food industry. They offer a wide range of options for consumers, whether they are looking for breakfast cereals, baking mixes, snacks, or frozen meals. This diverse product mix enables General Mills to cater to a broad customer base, providing them with choices for various occasions and preferences.

In terms of company processes, the product lines make sense as they allow Samsung and General Mills to leverage their existing infrastructure, manufacturing capabilities, and distribution networks. By offering a diverse range of products within their expertise, both companies can maximize their production efficiency and operational synergies.

Overall, the product lines supported by Samsung and General Mills are strategically designed to meet the needs of their target markets, provide comprehensive solutions, and leverage their existing capabilities. This approach allows both companies to enhance customer satisfaction, foster brand loyalty, and achieve sustainable growth.

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_____ avoids renegotiation of treaties by allowing the president to negotiate trade agreements and then submit them for an up or down vote by Congress with no amendments permitted.

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Fast track authority avoids renegotiation of treaties by allowing the president to negotiate trade agreements and then submit them for an up or down vote by Congress with no amendments permitted.

What is Fast Track Authority?

Fast track authority (also known as Trade Promotion Authority) is a legislative tool that allows the president of the United States to negotiate international trade agreements that Congress may approve or reject but not amend. The authority is a temporary provision of law that was first enacted in 1974 and has been used in a number of trade agreements since then. In a nutshell, Fast track authority is a negotiating mechanism that facilitates Congress' consideration of trade agreements negotiated by the executive branch.

Fast-track authority is a legislative mechanism that was introduced in 1974 to simplify the process of passing trade agreements through Congress. Fast-track authority reduces the role of Congress in the negotiating process by allowing the president to negotiate trade agreements with foreign countries and submit them for an up or down vote by Congress. This prevents Congress from amending the trade agreement or holding extensive hearings to review it, allowing trade agreements to be ratified more easily and quickly.

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In modelling the demand for soccer using match-level data, explain the distinction between relative quality and absolute quality. Provide appropriate examples for each and explain how they may be measured empirically. Which are likely to be the more important in determining spectator demand for soccer? Explain your answer.

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In modeling the demand for soccer using match-level data, the distinction between relative quality and absolute quality is important. Relative quality refers to the comparison of teams' performance, while absolute quality measures the overall level of play. Both can be measured empirically using various indicators such as team rankings, player statistics, and historical performance. The relative quality is likely to be more important in determining spectator demand for soccer as it captures the competitiveness and excitement of a match.

Relative quality in soccer refers to the comparison of teams' performance, focusing on factors such as skill, form, and recent success. It considers the relative strength of the competing teams and their ability to provide an entertaining and closely contested match. For example, a match between two top-ranked teams in a league would be considered high in relative quality. Empirical measures of relative quality can include team rankings, such as FIFA rankings or Elo ratings, which provide an indication of a team's current standing in relation to other teams.

On the other hand, absolute quality represents the overall level of play in a match, regardless of the comparison between teams. It encompasses factors such as individual player skills, tactical prowess, and the general entertainment value of the game. Absolute quality can be measured using indicators such as player statistics, historical performance of teams, or average goals per game in a league.

When it comes to determining spectator demand for soccer, the relative quality tends to be more important. Spectators are often drawn to matches that feature evenly matched teams, as these contests are more exciting and unpredictable. The thrill of not knowing which team will come out on top increases the appeal of the game. While absolute quality can influence spectators to some extent, it is the relative quality that captures the essence of competitiveness and drives the excitement and interest of fans.

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Analyse five (5) key differences of marketing towels and bed linens to the hotel chain as opposed to selling to direct consumers in a departmental store.

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Five key differences can be identified, including the purchasing process, target audience, customization requirements, distribution channels, and pricing dynamics.

When marketing to a hotel chain, the purchasing process involves negotiating with procurement managers or decision-making teams, focusing on long-term contracts and bulk orders. In contrast, selling to direct consumers in a departmental store involves individual purchasing decisions, often driven by personal preferences and immediate needs.

Hotels serve as the primary target audience for marketing towels and bed linens in the hotel chain context. Their specific requirements, such as durability, quality, and brand consistency, become crucial considerations.

Hotels often seek customization options to align the towels and bed linens with their brand identity and aesthetics. This can include personalized embroidery, color coordination, or specific fabric choices.

Marketing to a hotel chain involves establishing relationships with hospitality industry suppliers or directly partnering with hotel management. The distribution channels are more specialized and focused. In contrast, selling to direct consumers in a departmental store typically involves utilizing existing retail channels, such as departmental store shelves, online platforms, or brand-owned stores.

Pricing in the hotel chain context tends to involve negotiation and long-term contracts, as hotels require competitive pricing for bulk orders. Selling to direct consumers in a departmental store often involves fixed retail pricing or periodic promotions targeted at individual buyers.

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On January 2,2020, Blossom Corp. issued a $80,000, four-year note at prime plus 1% variable interest, with interest payable semiannually. On the same date, Blossom entered into an interest rate swap where it agreed to pay 4% fixed and receive prime plus 1% for the first six months on $80,000. At each six-month period, the variable rate will be reset. The prime interest rate is 3.7% on January 2 , 2020 , and is reset to 4.5% on June 30,2020 . On December 31,2020 , the fair value of the swap has increased by $25,000. Blossom follows ASPE and uses hedge accounting. Assume that the swap qualifies for hedge accounting under ASPE. Calculate the net interest expense to be reported for this note and the related swap transaction as at June 30 and December 31 , 2020. Prepare the journal entries relating to the interest for the year ended December 31,2020 . (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) Prepare the journal entries relating to the interest for the year ended December 31,2020 . (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for. the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) Assume, instead, that Blossom follows IFRS. Prepare the journal entries for this cash flow hedge. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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The modified duration of this bond is 3.64 years.

Modified duration is a measure of the sensitivity of a bond's price to changes in yield to maturity. It helps investors assess the price risk associated with the bond. To calculate the modified duration, we need to use the bond's yield to maturity, coupon rate, and time to maturity.

In this case, the bond has a coupon rate of 7.2% and matures in 4 years. The yield to maturity is given as 4.2%.

The formula to calculate the modified duration is as follows:

Modified Duration = Macaulay Duration / (1 + Yield to Maturity)

To calculate the Macaulay duration, we need to determine the present value of each cash flow and multiply it by the respective time period. The cash flows in this case include the annual coupon payments and the value at maturity.

By calculating the present value of each cash flow and multiplying it by the respective time period, we can find the Macaulay duration.

Once we have the Macaulay duration, we divide it by (1 + Yield to Maturity) to obtain the modified duration.

Therefore, the modified duration of this bond is 3.64 years.

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Ogier Incorporated currently has $720 million in sales, which are projected to grow by 12% in Year 1 and by 6% in Year 2 . Its operating profitability (OP) is 9%, and its capital requirement (CR) is 60%. Do not round intermed ate calculations. Enter your answers in millions. For example, an answer of $1 million should be entered as 1 , not 1,000,000, Round your answers to two decimal places. a. What are the projected sales in Years 1 and 2 ?

Answers

The projected sales for Year 1 is $806.4 million, and the projected sales for Year 2 is $854.78 million.

To calculate the projected sales for Years 1 and 2, we need to apply the growth rates to the current sales figure of $720 million.

a. Projected Sales in Year 1:

Projected Sales in Year 1 = Current Sales + (Current Sales × Growth Rate for Year 1)

Projected Sales in Year 1 = $720 million + ($720 million × 12%)

Projected Sales in Year 1 = $720 million + $86.4 million

Projected Sales in Year 1 = $806.4 million

b. Projected Sales in Year 2:

Projected Sales in Year 2 = Projected Sales in Year 1 + (Projected Sales in Year 1 × Growth Rate for Year 2)

Projected Sales in Year 2 = $806.4 million + ($806.4 million × 6%)

Projected Sales in Year 2 = $806.4 million + $48.38 million

Projected Sales in Year 2 = $854.78 million

Therefore, the projected sales for Year 1 is $806.4 million, and the projected sales for Year 2 is $854.78 million.

These calculations are based on the assumption that the projected growth rates for Years 1 and 2 will be realized. It's important to note that these projections are estimates and actual sales figures may vary based on various factors such as market conditions, competition, and company performance.

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Which of the following is true about consumer behavior?
Group of answer choices
Eighty-six percent of women look at price tags when they shop.
The average shopper notices anything that is in the entrance of a store.
Consumers actually begin shopping as soon as they enter a store.
Ninety-eight percent of men look at price tags when they shop.
Based on research, there is a high likelihood that you will turn left when you enter a store.

Answers

Based on research, there is a high likelihood that you will turn left when you enter a store.

Consumer behavior studies have shown a tendency for shoppers to turn left upon entering a store. This phenomenon, known as the "in-store directionality effect," is observed in various retail environments and is believed to be influenced by factors such as store layout, psychological factors, and cultural habits. However, it is important to note that consumer behavior can vary, and not all shoppers will consistently turn left upon entering a store. The other statements regarding price tag considerations and noticing items at the store entrance do not represent universally true aspects of consumer behavior.

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In free trade, when a community maximizes its standard of living, its consumption point is
a. above the production possibility frontier.
b. on the production possibility frontier.
c. below the production possibility frontier.

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In free trade, when a community maximizes its standard of living, its consumption point is typically on the production possibility frontier (PPF).

This means that the community is utilizing its available resources efficiently to produce goods and services. The PPF represents the different combinations of goods that can be produced given limited resources and technology. When a community operates at a point on the PPF, it indicates that it is utilizing all of its available resources effectively, and any further increase in consumption would require additional resources or improved technology.

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Consider a 3-month call option on 100 shares of a stock then trading at $45 per share. The option premium on the day of sale was $2.50 per share and rge exercise price of the call option was $50 per share.
At the end of three months the stock is at $52 per share. Calculate your profit (or loss) for the party that purchased the call option.
O $200 gain
O gain of $450
O loss of $50
O break even (no gain or loss)

Answers

To calculate the profit (or loss) for the party that purchased the call option, we need to consider the initial cost of the option premium and the payoff from exercising the option.

The initial cost of the option premium is $2.50 per share, and since the call option represents 100 shares, the total initial cost is $2.50 x 100 = $250.If the stock is at $52 per share at the end of three months, the option holder can exercise the option and buy 100 shares at the exercise price of $50 per share. This means the option holder can buy the shares at a lower price than the market price, resulting in a profit.Profit from Exercising the Option = Market Price - Exercise PriceProfit from Exercising the Option = $52 - $50 = $2 per shareSince the call option represents 100 shares, the total profit from exercising the option is $2 x 100 = $200.

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TRUE / FALSE.
Correct answers will receive 1 mark. Incorrect answers will receive -0.75 mark. An answer left blank will receive 0 marks. So decide carefully before you answer.*** Goods and services are scarce because resources are scarce. Select one: O a. True O b. False

Answers

Answer:

The given statement is true.

Explanation:

The production of goods and services requires the use of resources and factor inputs. The resources are in limited supply and hence the goods and services produced using them are also in limited supply.

When a Hotel is deciding the distribution strategies, analyzing all possible distribution channels to promote and sell their products and services they are working on: Their Distribution Marketing Strategies. their Internal Marketing Strategies their Markoting Mix Strategy, focused on PROMOTION their Marketing Mox Strategy, focused on PLACE.

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When a hotel is deciding on distribution strategies, they are primarily focusing on their marketing mix strategy, particularly on the elements of promotion and place.

This involves analyzing various distribution channels to effectively promote and sell their products and services. It also includes internal marketing strategies that ensure seamless coordination and communication within the organization.

Distribution marketing strategies are crucial for hotels to reach their target market and maximize their sales potential. Analyzing all possible distribution channels allows them to evaluate which channels are most effective in reaching their desired audience.

This analysis may involve assessing online travel agencies, direct bookings through their website, travel agents, corporate partnerships, and other distribution channels. Internal marketing strategies are also important as they focus on aligning and coordinating internal efforts to deliver a consistent and high-quality guest experience.

This involves training and motivating staff, ensuring clear communication channels, and fostering a customer-centric culture within the organization. Within the marketing mix, the hotel's promotion strategy focuses on creating awareness, generating interest, and persuading potential guests to choose their products and services.

This may include advertising, public relations, social media campaigns, loyalty programs, and other promotional activities. Additionally, the marketing mix strategy related to place pertains to the distribution aspect of the hotel's offering.

It involves selecting the most suitable distribution channels and ensuring that products and services are available at the right place, at the right time, and in the right quantity. This includes decisions related to online distribution platforms, partnerships with travel agencies, direct booking options, and physical distribution channels.

Overall, the hotel's distribution marketing strategies encompass analyzing distribution channels, internal marketing efforts, and optimizing the marketing mix with a focus on promotion and place to effectively reach and attract their target customers.

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The Hashemite University Term project Second Term 2022 FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES 10 MARKS Termproject This project provides students with the opportunity to put into practice on of the major topic namely the IFRS 10 Consolidated Financial Statements. Essentially, what you are expected to do is an in-depth analysis of theory and real firms. The student should submit writing report (supported with References) and oral presentation. Project Outline The project's main parts are as follows: . Provide a meaningful background of the Consolidated Financial Statements. 2 Describe the types, Recognition and the disclosure and reporting issues of Consolidated Financial Statements. 3. Track the modifications regarding the Consolidated Financial Statements s based on the accounting standards. 4. provide a practical case for the Consolidated Financial Statements form actual life (case study). s. Prepare appropriate conclusion and formal report. Report Format There is no one format that will work for everyone. You might find it worthwhile keeping these general suggestions in mind while writing the report: 1. Do not rehash what should be common knowledge. 2. Use tables to summarize findings. 3. Include copies of the data sources. 4. There is a total of 10 points available for this project.

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The term project for the second term of 2022 in the Faculty of Economics and Administrative Sciences at the Hashemite University is about the IFRS 10 Consolidated Financial Statements.

Students are required to analyze the theory and real-world applications of consolidated financial statements, provide a case study, and present their findings orally. The project carries a weightage of 10 marks and requires a written report supported by references. The report should include a background of consolidated financial statements, description of types, recognition, disclosure, and reporting issues, and track modifications based on accounting standards. A conclusion and formal report should be prepared.

The term project for the second term of 2022 in the Faculty of Economics and Administrative Sciences at the Hashemite University focuses on analyzing the IFRS 10 Consolidated Financial Statements. Students need to understand the background of consolidated financial statements, describe their types, recognition, disclosure, and reporting issues, and track any modifications based on accounting standards. They are also expected to provide a practical case study from real-life examples and present their findings orally. The project carries a weightage of 10 marks and requires a written report with proper references and a formal conclusion.

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what is the annual market interest rate on the bonds

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The annual market interest rate on bonds refers to the prevailing interest rate in the market for bonds with similar characteristics.

What is the annual market interest rate on the bonds

It is determined by various factors such as economic conditions, inflation expectations, and the creditworthiness of the issuer. The specific annual market interest rate on bonds can vary depending on the specific bond issuance and market conditions at a given point in time. It is typically quoted as a percentage and can fluctuate over time.

When market interest rates rise, the cost of borrowing increases for issuers, resulting in higher bond yields. Conversely, when market interest rates decline, borrowing costs decrease and bond yields tend to decrease as well. The annual market interest rate on bonds serves as a benchmark for pricing new bond issuances and valuing existing bonds in the secondary market.

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Suppose that the inverse demand for a product is represented by the equation P=60−2Q, where P is the price in Euros and Q is the annual output. Suppose that only one firm produces this product and that the marginal cost is represented by the equation 2Q.
Calculate the deadweight loss that arises when the monopolist chooses price and quantity to maximize profits.

Suppose that the inverse demand for a product is represented by the equation P=60−2Q, where P is the price in Euros and Q is the annual output. Suppose that only one firm produces this product and that the marginal cost is €10.
Calculate the fixed (entry) fee that the firm should charge if it employs a 2-part tariff pricing strategy.

Answers

Calculation of Deadweight LossIn a monopolistic market, deadweight loss occurs when the price charged by the monopolist is more than its marginal cost of production.

The monopolist maximizes its profit by equating marginal cost with marginal revenue. The inverse demand for the product is given by the equation:P = 60 – 2Qwhere,P = price in Euros, andQ = annual outputThe marginal cost of production is given as €2Q, therefore, the marginal revenue is obtained as follows:MR = d(TR)/d(Q)MR = d(P × Q)/d(Q)MR = 60 – 4QThe profit maximization is achieved when marginal revenue equals marginal cost, so60 – 4Q = 2Q60 = 6QQ = 10Hence the price that will maximize the profit is:P = 60 – 2 × 10 = 40€Thus, the price charged by the monopolist is €40 which is greater than the marginal cost of production (€20).Therefore, there will be a deadweight loss in this market.

Deadweight Loss is given by:Deadweight Loss = [(Pmon – Pcomp) / Pmon] × QWhere,Pmon = Monopoly Price = €40Pcomp = Competitive Price = Marginal cost of production = €20Q = Quantity = 10Deadweight Loss = [(40 – 20) / 40] × 10Deadweight Loss = 5Part 2: Calculation of Fixed (Entry) FeeIf the monopolist uses the 2-part tariff pricing strategy.

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a minimum wage set below the equilibrium wage _______.

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A minimum wage set below the equilibrium wage has no direct impact on the labor market.

Since the minimum wage is below the equilibrium wage, it does not create a binding constraint on employers to pay higher wages. In this case, the market forces of supply and demand determine the wage rate, and employers are free to hire workers at wages determined by market conditions.

However, it's important to note that even though a minimum wage set below the equilibrium wage does not directly affect the labor market, it can still have indirect effects. It may serve as a signal or reference point for wage negotiations or influence social norms regarding fair pay. Additionally, it can provide a wage floor that prevents wages from falling too low in certain industries or regions.

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Which of the following statements about the result of cognitive miserliness is TRUE?

a. Once a problem has been solved, people will make one last effort to come up with a better solution.

b. People will choose the first acceptable solution to a problem rather than choosing the best solution to a problem.

c. People in groups will identify fewer acceptable solutions to a problem than will one person working alone.

d. People will not think about a product unless marketers pay them to do so.

e. People are always thinking about new and better solutions to existing problems.

Answers

The statement that is TRUE about the result of cognitive miserliness is option b. People will choose the first acceptable solution to a problem rather than choosing the best solution to a problem.

Cognitive miserliness refers to the tendency of individuals to use mental shortcuts and simplified thinking processes in order to conserve cognitive resources. This can influence decision-making and problem-solving behaviors.

Option b states that people will choose the first acceptable solution to a problem rather than choosing the best solution. This aligns with the concept of cognitive miserliness, as individuals may opt for the first solution that meets their minimum criteria or satisfies their immediate needs, rather than investing more effort to find the optimal or best solution. This cognitive bias is known as satisficing, where individuals settle for a satisfactory solution rather than engaging in exhaustive decision-making.

The other options (a, c, d, e) do not accurately reflect the result of cognitive miserliness. While individuals may make some effort to improve solutions (a), the focus is on finding an acceptable solution quickly. Group dynamics can influence the number of solutions generated (c), and thinking about a product can occur without external incentives (d). Lastly, not all individuals are constantly thinking about new and better solutions (e).

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Which of the statements below is FAl.SE? A. In the bond market, we see different rates as the different yields on bonds for different companies. B. In the equity market, we see different rates as the different required retums for companies due to their different betas. C. In general, the cost of funds for an individual or company will be directly related to the lender's view of the risk of repayment of the funds. D. The "riskier" borrower will most likely have to pay a lower cost for funds

Answers

The false statement among the options is D. "The 'riskier' borrower will most likely have to pay a lower cost for funds."

The statement that the "riskier" borrower will most likely have to pay a lower cost for funds is false.

The cost of funds in financial markets is typically determined by the lender's assessment of the borrower's creditworthiness and risk of repayment. In general, a riskier borrower, one with a higher probability of default or a weaker credit profile, will face higher borrowing costs. This is because lenders require compensation for taking on additional risk. Therefore, option D, which suggests that riskier borrowers pay lower costs for funds, contradicts this principle. It is important for borrowers to demonstrate creditworthiness and mitigate risk to access funds at lower costs in financial markets.

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Which of the following is not one of the four fronts that leagues typically violate antitrust laws?
a. Labor
b. Revenue
c. Mergers or Expansions
d. Broadcasting

Answers

Broadcasting is not one of the four fronts that leagues typically violate antitrust laws. Antitrust laws are designed to promote fair competition and prevent anti-competitive practices.

When it comes to sports leagues, there are several areas where violations of antitrust laws can occur. These include labor, revenue, mergers or expansions, and broadcasting. However, among these options, broadcasting is not typically considered one of the fronts where leagues violate antitrust laws.

Labor refers to issues related to player contracts, collective bargaining agreements, and the negotiation of wages and working conditions. Revenue involves how leagues generate and distribute income, including issues such as revenue sharing and anticompetitive practices related to ticket sales, licensing, and sponsorships. Mergers or expansions pertain to league expansions or mergers that could potentially limit competition or create a monopoly-like situation.

Broadcasting, on the other hand, primarily deals with the distribution of media rights and the broadcasting of games and events. While there may be regulatory considerations and potential issues related to broadcasting rights, it is not typically considered a front where antitrust violations by leagues are prevalent.

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If the organization wants to use work experiences as a method of employee development, what basic options are available? Which of these options would be most attractive to you as a senior sales executive?

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If the organization wants to use work experiences as a method of employee development, the basic options available are job rotation, job enrichment, job enlargement, and self-managed teams.

Job rotation: It is a technique of employee development that involves the movement of employees from one job to another. Job rotation can be lateral or vertical in nature. Lateral rotation involves moving employees from one job to another at the same level, while vertical rotation involves moving employees from one job to another at different levels. Job enrichment: It is a technique of employee development that involves the expansion of an employee's job by increasing the level of responsibility, autonomy, and challenge.

Job enlargement: It is a technique of employee development that involves the expansion of an employee's job by increasing the number of tasks performed by the employee. Self-managed teams: These are teams that are given the responsibility of managing themselves. Members of self-managed teams are empowered to make decisions about the work they do, the goals they set, and the processes they use.

As a senior sales executive, job enrichment would be the most attractive option to me. This is because job enrichment involves expanding an employee's job by increasing the level of responsibility, autonomy, and challenge. As a senior sales executive, I would like to have more autonomy and be challenged with more responsibilities, so job enrichment would be a great option for me.

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What makes a good segment?
A. Measurable
B. Accessible
C. Substantial
D. All of the above

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The answer to the question “What makes a good segment?” is option D: all of the above.

A segment refers to a particular portion of a market that includes a group of people with similar characteristics who are likely to purchase similar products or services. Segmentation allows a company to tailor their marketing efforts to particular groups of customers, making it more successful in the long term. In order for a segment to be successful, it must possess the following three characteristics:Substantial: The segment should be big enough to be profitable.Measurable: The size, purchasing power, and profile of the segment should be quantifiable.Accessible: The segment should be reachable and should respond to marketing initiatives.To sum it up, all of the above criteria must be met for a segment to be considered as a good segment.

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in general, funding for recovery programs is given to species that are

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In general, funding for recovery programs is given to species that are considered to be endangered, threatened, or at risk of becoming endangered. The decision to provide funding is typically based on scientific data and analysis of the species' population status, habitat conditions, and other factors that may be impacting its survival.


The specific criteria used to determine which species receive funding for recovery programs may vary depending on the organization providing the funding. Some funding may be provided by government agencies or non-profit organizations that focus on wildlife conservation, while other funding may come from private donors or foundations.


Overall, the goal of funding for recovery programs is to help prevent species from becoming extinct and to promote the long-term health and sustainability of natural ecosystems. By supporting recovery efforts for endangered or threatened species, we can help to protect biodiversity, preserve ecosystem services, and ensure a healthy planet for future generations.

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Capstone Ltd plans to raise new capital for a copper mine in South Australia. The company will issue debt and equity instruments to fund for the project. The company’s CFO has asked you to calculate the weighted average cost of capital for the company.

The company intends to issue 10 years bonds that will pay 9% annual coupon with a total face value of $40,000,000 and a yield to maturity of 9% p.a. Capstone will also issue 1,500,000 shares at a price of $40 per share. Capstone equity has a beta of 1.22 and you determine that the risk free rate is 2.5% while the market is providing 10% return. The relevant corporate tax rate is 30%.

Using the three step process calculate the weighted average cost of capital of Capstone Ltd. (Show all calculations, show final answer correct to two decimal places.)

Answers

The weighted average cost of capital of Capstone Ltd is 15.48%.

Calculation of weighted average cost of capital (WACC) using three-step process:

Step 1: Calculate the cost of equity using the Capital Asset Pricing Model (CAPM)

Cost of Equity = Risk-Free Rate + Beta × (Market Return - Risk-Free Rate)
Cost of Equity = 2.5% + 1.22 × (10% - 2.5%)

Cost of Equity = 10.18%

Step 2: Calculate the cost of debt after tax

Cost of Debt after tax = Yield to Maturity × (1 - Tax Rate)

Cost of Debt after tax = 9% × (1 - 30%)

Cost of Debt after tax = 6.3%

Step 3: Calculate the WACC using the following formula

WACC = (Weight of Debt × Cost of Debt after tax) + (Weight of Equity × Cost of Equity)

WACC = [(40,000,000 / (40,000,000 + 60,000,000)) × 6.3%] + [(60,000,000 / (40,000,000 + 60,000,000)) × 10.18%]

WACC = 7.77% + 7.71%WACC = 15.48%

Therefore, the weighted average cost of capital of Capstone Ltd is 15.48%.

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the largest exporters of coffee to the united states are

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The largest exporters of coffee to the United States are Brazil, Colombia, Vietnam, Honduras, and Peru.

The largest exporters of coffee to the United States vary from year to year, but some of the leading coffee-producing countries consistently supply a significant portion of the coffee consumed in the United States.

1. Brazil: Brazil is the world's largest producer and exporter of coffee, and it supplies a substantial amount of coffee to the United States. Brazilian coffee is known for its mild flavor and is widely consumed globally.

2. Colombia: Colombia is renowned for its high-quality Arabica coffee, and it is one of the top coffee exporters to the United States. Colombian coffee is valued for its balanced acidity, rich flavor, and distinct aroma.

3. Vietnam: Vietnam is the second-largest coffee producer in the world, primarily known for its robusta coffee beans. While Vietnam traditionally focused on supplying instant coffee, it has increased its export of specialty-grade coffee to the United States in recent years.

4. Honduras: Honduras has emerged as a significant player in the global coffee market and is a key exporter to the United States. Honduran coffee is characterized by its diverse flavor profiles, including fruity and chocolate notes.

5. Peru: Peru is known for its organic and fair trade coffee, which has gained popularity among consumers who prioritize sustainability and ethical sourcing. Peru exports a considerable amount of coffee to the United States, contributing to its diverse coffee market.

It's important to note that the coffee industry is dynamic, and the rankings and contributions of coffee-exporting countries may change over time. It's advisable to consult up-to-date sources or market reports for the most current information on coffee exporters to the United States.

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1. Of all forms of business ownership, corporations account for the largest share of both:

a. sales and profits

b. income and employees

c. number of firms and employees

d. bankruptcies and employees

Answers

Of all forms of business ownership, corporations account for the largest share of both sales and profits.

A corporation is a type of business organization in which ownership is divided into shares of stock.

The stockholders or shareholders have limited liability in the company and elect the board of directors to manage the corporation. Corporations are the largest and most complex type of business organization.

A corporation is run by a board of directors, who are chosen by the stockholders or shareholders.

The board of directors is responsible for making the major decisions that affect the corporation's future, such as determining what the corporation's goals are, how it will raise funds, how it will invest its money, and who will run the day-to-day operations.

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What is Preferred Stock?

A hybrid security falling between debt (bonds) and common stock
A hybrid security falling between debt (bonds) and treasuries
A riskier investment than common stock
An investment with more influence than common stock

Answers

Preferred stock is a hybrid security that falls between debt (bonds) and common stock, providing certain characteristics of both.

Preferred stock is a type of security issued by a corporation that represents ownership in the company. It is called "preferred" because it has priority over common stock in terms of receiving dividends and assets in the event of liquidation. Preferred stockholders have a fixed dividend rate that must be paid before any dividends are distributed to common stockholders. This characteristic makes it similar to debt instruments like bonds.

However, unlike bonds, preferred stock does not have a maturity date and represents ownership in the company rather than debt. Preferred stockholders do not typically have voting rights in the company's decision-making processes, unlike common stockholders who have voting power.

Preferred stock also differs from treasuries, as treasuries are debt securities issued by the government and do not represent ownership in a company. Preferred stock is generally considered to be less risky than common stock but riskier than bonds. It offers a higher claim on company assets than common stock but does not have the same level of influence as common stock in company matters.

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Company sales invoices, census data, and trade association statistics are examples of:

a. exploratory data

b. data mines

c. primary data

d. secondary data

Answers

Company sales invoices, census data, and trade association statistics are examples of secondary data.

Invoices are documents issued by a seller to a buyer that provide details of a transaction, including the products or services purchased, quantities, prices, payment terms, and other relevant information. In business transactions, invoices serve as a formal request for payment and create a record of the sale. They are typically generated and sent by the seller to the buyer after the delivery of goods or completion of services. Invoices play a crucial role in the accounting and financial management of businesses, as they provide evidence of revenue and facilitate tracking and recording of sales transactions for financial reporting and taxation purposes.

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from the early twentieth century to the 1970s, the supply of oil outpaced demand, and:

Answers

This question pertains to the supply and demand dynamics of the oil market from the early twentieth century to the 1970s.

During the period from the early twentieth century to the 1970s, the supply of oil consistently exceeded the demand. This oversupply was largely due to advancements in oil exploration and production techniques, which led to increased oil discoveries and extraction. As a result, oil producers were able to meet the demand for oil without facing significant shortages or supply constraints.

The surplus supply of oil during this period had several implications. First, it contributed to relatively stable oil prices as the market was not experiencing significant scarcity or competition for resources. Second, it allowed for the growth of various industries that heavily relied on oil, such as transportation and manufacturing, as affordable and abundant oil supply supported their operations. Third, it led to a certain level of complacency in terms of energy efficiency and conservation efforts, as there was little urgency to address the issue of oil dependence.

Overall, the oversupply of oil during this period created a favorable environment for consumers and industries, with ample availability and relatively stable prices. However, the dynamics of the oil market would undergo significant changes in the 1970s, marked by events such as the OPEC oil embargo and shifts in global energy geopolitics, which would alter the balance of supply and demand and reshape the oil industry landscape.

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Alvarado Company began the current month with inventory costing $11,000, then purchased inventory at a cost of $36,500. The perpetual inventory system Indicates that inventory costing $32,750 was sold during the month for $42,000. If an inventory count shows that inventory costing $14,400 is actually on hand at month-end, what amount of shrinkage occurred during the month?
Multiple Choice
a $14,395
b $350
c $14,750
d $5,500

Answers

The amount of shrinkage that occurred during the month is $350.  Option B

To calculate the amount of shrinkage that occurred during the month, we need to compare the cost of inventory that should be on hand according to the perpetual inventory system with the actual cost of inventory on hand.

According to the perpetual inventory system:

Beginning inventory = $11,000

Purchases = $36,500

Cost of goods available for sale = Beginning inventory + Purchases = $11,000 + $36,500 = $47,500

Cost of goods sold = $32,750

Using the formula:

Cost of goods on hand = Cost of goods available for sale - Cost of goods sold

Cost of goods on hand = $47,500 - $32,750 = $14,750

However, the actual inventory count at the end of the month shows a cost of $14,400 on hand.

To determine the amount of shrinkage, we calculate the difference between the expected cost of inventory on hand and the actual cost of inventory on hand:

Shrinkage = Expected cost of inventory on hand - Actual cost of inventory on hand

Shrinkage = $14,750 - $14,400

Shrinkage = $350

Option B

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