The average economic growth of Asmaris is around 2 percent/per year supports Abdu's argument that Asmaris is an emerging market. The correct answer is option D.
What are emerging markets?An economy of a developing country that is expanding and becoming increasingly integrated with international markets is known as an emerging market economy. Nations possessing some but not all of a developed market's features are categorized as emerging market economies.
Strong economic development, high per capita revenue, liquid equities, and debt markets, availability to international investors, and a stable regulatory structure are some traits of developed markets.
Therefore, The correct answer is option D.
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What is a 401 (k) retirement plan? I NEED HELP:(
Answer:
-an employer sponsored retirement plan that allows a worker to save for retirement while deffering income taxes on the saved money or earnings until withdrawal.
Explanation:
just cause homie
A 401(k) retirement plan is a retirement plan sponsored by the employer where he or she deducts a small percentage of the gross pay of the employee.
What is the significance of the 401(k) retirement plan?A 401(k) retirement plan can be referred to or considered as a plan where the employer contributes a fixed and a small proportion from the gross pay of the employee until the time he or she serves to the company of the employer.
An employee is free from paying any kind of taxation amount over the monies he or she has saved in a 401(k) retirement plan. However, the taxation is not a liability only until the employee makes a withdrawal.
Therefore, the significance regarding a 401(k) retirement plan has been aforementioned.
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Jenna Parker owns and manages her single member LLC (which she taxes as a sole proprietorship) that provides services to her clients (i.e., specified service business). Her LLC reports net income of $100,000 after all applicable deductions, W-2 wages of $30,000, and assets with an unadjusted basis of $100,000. She is unmarried without dependents, and receives qualified dividends of $50,000. Assuming Jenna's itemize deductions are $10,000, what is her QBI deduction for the current year?
Answer:
am 30$ Jenny Parker owns and manqges
What is the difference between adjustment refusal and other refusals
Answer:
Your company most likely has clear, reasonable guidelines regarding what is a legitimate reason for adjustment, while other refusal messages may deal with a variety of issues that are less clearly defined.
Which of these is a transferable skill?
a.
computer coding
b.
expertise in baking bread
c.
knowledge about wines
d.
time-management skills
If anyone can please help asap
Answer:
1. Negative externality: Jeff declined to buy his favorite chocolate bar because the price has increased.
2. Dollar vote: increased neighborhood crime is caused by a pawn shop.
3. Public goods: a freeway is available for all to use.
4. Positive externality: public education in the United States results in benefits for others around the world.
Explanation:
1. Negative externality: Jeff declined to buy his favorite chocolate bar because the price has increased. A negative externality arises when the production or consumption of a finished product or service has negative impact (cost) on a third party.
2. Dollar vote: increased neighborhood crime is caused by a pawn shop. A dollar vote describes how the consumer's purchasing power influences the type (quantity) of goods to be produced and supplied to the market.
3. Public goods: a freeway is available for all to use. It refers to any goods that is accessible and available to the general public at all times without an additional fee, charges or cost.
4. Positive externality: public education in the United States results in benefits for others around the world. A positive externality arises when the production or consumption of a finished product or service has a significant impact or benefits to a third party that isn't directly involved in the transaction.
A bond has a par value of $10,000 and currently has a price of $9,500. The bond pays a rate of 5% over 5 years. Calculate the current yield. The same bond started the year with a price of $9,500 and is expected to be sold for $9,750. What is the Capital Gains Yield
Answer:
The current yield is 5.2% and capital gain is 2.63%.
Explanation:
The par value of bond = $10000
Current price = $9500
Annual coupan payment = 5%
Annual coupan payment = 10000 × 5% = $500
Now calculate the current yield.
The current yield = annual coupon payment / current price
The current yield = 500 / 9500 = 0.052 or 5.2%
Now calculate the capital gain. In the question, it says that it starts at $9500 so its original price is 9500.
Capital gain yield = (9750 – 9500) / 9500 = 0.0263 or 2.63%
10)
How might a mission statement help Donna with her new
business?
A mission statement can help Donna with her new business by providing clarity and direction for her venture. It serves as a guiding statement that outlines the purpose, values, and goals of the business.
It helps Donna align her decisions, actions, and strategies with the overall mission, facilitating focus and consistency in her business operations. A mission statement is a concise statement that articulates the purpose and core values of a business. It outlines what the business aims to achieve and how it intends to operate. For Donna, having a mission statement for her new business can provide several benefits.
Firstly, it helps Donna define the purpose and direction of her business. It clarifies the reason for starting the business and what it aims to accomplish, providing a sense of focus and clarity.
Secondly, a mission statement helps Donna communicate her business's values and principles to stakeholders, including employees, customers, and investors. It sets the foundation for building a strong company culture and aligning everyone's efforts toward a common goal.
Lastly, a mission statement can serve as a guide for decision-making and strategy development. When faced with choices or challenges, Donna can refer to her mission statement to ensure that her actions align with the overall purpose and values of her business.
A mission statement plays a crucial role in helping Donna with her new business by providing clarity, guiding decision-making, and aligning stakeholders toward a common vision.
In conclusion, a mission statement can significantly benefit Donna in her new business. It provides clarity and direction, communicates values to stakeholders, and guides decision-making and strategy development. By establishing a mission statement, Donna can effectively define her business's purpose and goals, foster a strong company culture, and make informed decisions that align with her business's overall mission. This helps create a solid foundation for success and growth in her new venture.
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wich situation would cause the price of a product to fall the most
The term "twin deficits" refers to the observation that larger budget deficits can bring higher interest rates, which bring correspondingly________ trade deficits.
Smaller or Larger?
The term "twin deficits" refers to the observation that larger budget deficits can lead to correspondingly larger trade deficits. The logic behind this relationship is as follows: when a government spends more than it earns, it must borrow to finance the shortfall.
If there is not enough domestic savings to meet the demand for government debt, the government must turn to foreign investors.
This increased demand for foreign capital can lead to an appreciation in the domestic currency, which in turn can lead to a decrease in the competitiveness of domestic goods in international markets. This can cause a decline in exports and an increase in imports, resulting in a larger trade deficit.
The relationship between budget and trade deficits is not always straightforward, and there are many factors that can affect this relationship, including exchange rate fluctuations, economic growth, and government policies.
Nonetheless, the concept of twin deficits serves as a reminder that government policies can have both fiscal and international implications, and that a holistic approach to economic policy is necessary to promote both domestic and international economic stability.
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1. Raw data set for variables X and Y are: X:50,43, 45,60,38 For Y we have 23, 30,24, 20, 32. Compute the following a. The mean value of both variables X and Y b. The standard deviations (st.d) for X and Y c. The covariance of X and Y.
The mean value of X is 47.2, the mean value of Y is 25.8, the standard deviation of X is 3.636, the standard deviation of Y is 2.688, and the covariance of X and Y is -7.568.
We will first need to compute the mean values for X and Y, then compute the standard deviations for X and Y, and finally compute the covariance of X and Y.
a. The mean value of both variables X and Y:
The mean value for X can be computed by summing up the values of X and dividing by the number of values. The mean value for Y can be computed in the same way:
Mean value of X = (50 + 43 + 45 + 60 + 38) / 5 = 236 / 5 = 47.2
Mean value of Y = (23 + 30 + 24 + 20 + 32) / 5 = 129 / 5 = 25.8
b. The standard deviations (st.d) for X and Y:
The standard deviation for X can be computed by first finding the variance of X, which is the average of the squared differences between each value of X and the mean value of X. The standard deviation for Y can be computed in the same way:
Variance of X = ((50 - 47.2)^2 + (43 - 47.2)^2 + (45 - 47.2)^2 + (60 - 47.2)^2 + (38 - 47.2)^2) / 5 = 66.16 / 5 = 13.232
Standard deviation of X = sqrt(13.232) = 3.636
Variance of Y = ((23 - 25.8)^2 + (30 - 25.8)^2 + (24 - 25.8)^2 + (20 - 25.8)^2 + (32 - 25.8)^2) / 5 = 36.16 / 5 = 7.232
Standard deviation of Y = sqrt(7.232) = 2.688
c. The covariance of X and Y:
The covariance of X and Y can be computed by finding the average of the product of the differences between each value of X and the mean value of X, and each value of Y and the mean value of Y:
Covariance of X and Y = ((50 - 47.2)(23 - 25.8) + (43 - 47.2)(30 - 25.8) + (45 - 47.2)(24 - 25.8) + (60 - 47.2)(20 - 25.8) + (38 - 47.2)(32 - 25.8)) / 5 = -37.84 / 5 = -7.568
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Identify and explain why HR planning is necessary for organization effectiveness. In your explanation, be sure to note some HR practices involved in HR planning, such as forecasting and demand and supply. Please select one demand model and one supply model to illustrate your point.
HR planning is necessary for organizational effectiveness as it ensures that the right number of employees with the required skills are available at the right time.
This involves forecasting future HR needs, determining the demand and supply of employees, and implementing appropriate HR practices. One demand model commonly used is the trend analysis, while a supply model is the internal labor market analysis.
HR planning is essential for organizations to effectively align their human resources with strategic objectives. It helps in identifying the future workforce requirements and developing strategies to meet those needs. HR practices involved in HR planning include forecasting, which involves estimating future demand for employees based on factors such as business growth, market trends, and technological advancements. Demand models like trend analysis analyze historical data to identify patterns and predict future workforce needs.
On the supply side, HR planning involves assessing the availability of internal and external talent. Supply models like internal labor market analysis examine internal talent pools, considering factors such as current workforce composition, skills inventory, and succession planning. This helps in identifying gaps in skills and developing strategies for recruitment, training, and development.
By aligning HR planning with organizational goals, organizations can ensure they have the right people in the right positions, improving productivity, employee engagement, and overall effectiveness.
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COLORADO HAS A STATE INCOME TAX OF 4.63% ON ALL INCOME AND A SALES TAX OF 2.9%. ARE THESE TAXES PROPORTIONAL, PROGRESSIVE, OR REGRESSIVE
Answer:
Progressive because It is a tax in which the tax rate increases as the income increases.
The following hypothetical production possibilities tables are for China and the United States. Assume that before specialization and trade the optimal product mix for China is alternative B and for the United States is alternative U. China Production Possibilities Product: A - B - C - D - E - F Apparel: 120,000 - 96,000 - 72,000 - 48,000 - 24,0000 Chemicals(tons): 0 - 24 - 48 - 72 - 96 - 120 U. S. Production Possibilities Product: R - S - T - U - V - W Apparel: 40,000 - 32,000 - 24,000 - 16,0000 - 8,0000 Chemicals(tons): 0 - 16 - 32 - 48 - 64 - 80a. Are comparative-cost conditions such that the two countries should specialize?
Yes / No.
If so, what product should each produce?
China should produce chemicals or apparel.
The United States should produce chemicals or apparel?
b. What is the total gain in apparel and chemical output that would result from such specialization?
Apparel: units.
Chemicals: tons
Having the Production Possibilities China should create clothing, while the United States should produce chemicals, there will be a gain of 6000 in apparel and 2 in chemicals overall.
To know about Production Possibilities we need to know about its curve,the production possibility curve illustrates the cost to society of selecting one of two items. When an economic system operates at the frontier of manufacturing potential, which is the extreme edge of this curve, it may have the highest quality of life possible since it is employing the best use of its resources to provide as much as possible. The PPF illustrates that a rise in output for one commodity can only happen when output for the associated commodity falls. While deciding on the ideal product mix for their company, managers can utilise the PPF as a tool for decision-making.
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You want to buy some used textbooks from an online auction but you see they don't accept credit cards. You don't want to send them a check before your receive the books in the mail, and the seller won't send them until the books are paid for. What should you do?
Answer:
Online actions are not always, but many times a fraud. The Federal trade commission (FTC) warns about them in their website because a lot of people fall for them every year. If the seller doesn't accept a credit card, you can try another online payment method like PayPal, but never send cash or any check.
If a revenue in total for a month was $9,550, fixed expenses were $9,000 and variable expenses were $300 what would be the total profit/loss for the month?
Answer:
the answer would be 250
because 9,000-9,550 = 550 -300= 230
Telling customers that they only have until midnight to get sale prices is an appeal to
A. ethos.
B. logos.
C. pathos.
D. kairos.
Answer:
D. kairos.
Explanation:
Telling customers that they only have until midnight to get sale prices is an appeal to kairos.
Answer:
It's d
Explanation:
QUESTION 19 If the dividend yield for year 1 is expected to be 7% based on a stock price of $30, what will the year 5 dividend be if dividends grow annually at a constant rate of 8% (in $ dollars)? 5 QUESTION 20 Jefferson's recently paid an annual dividend of $3 per share. The dividend is expected to decrease by 4% each year. How much should you pay for this stock today if your required return is 17% (in $ dollars)? S QUESTION 21 A stock is expected to pay dividends of $1.45 per share in Year 1 and $1.68 per share in Year 2. After that, the dividend is expected to increase by 3.5% annually. What is the current value of the stock at a discount rate of 15% (in $ dollars)? $
The year 5 dividend for the stock with a constant growth rate of 8% is expected to be approximately $2.88 per share. The current value of the stock with a decreasing dividend, a recent annual dividend of $3 per share, and a required return of 17% is approximately $22.15 per share
To calculate the year 5 dividend for a stock that grows its dividends annually at a constant rate of 8%, we can use the dividend discount model.
Given that the dividend yield for year 1 is 7% based on a stock price of $30, we can calculate the dividend for year 1 as follows:
Dividend for Year 1 = Dividend Yield * Stock Price
Dividend for Year 1 = 0.07 * $30 = $2.10 per share
Using the constant growth rate of 8%, we can calculate the dividend for year 5 as follows:
Dividend for Year 5 = Dividend for Year 1 * (1 + Growth Rate)^4
Dividend for Year 5 = $2.10 * (1 + 0.08)^4
Calculating this, we get:
Dividend for Year 5 = $2.10 * (1.08)^4
Dividend for Year 5 ≈ $2.10 * 1.3605
Dividend for Year 5 ≈ $2.88 per share
Therefore, the year 5 dividend is expected to be approximately $2.88 per share.
Moving on to the second question, to determine the current value of the stock, which has a decreasing dividend, we can use the dividend discount model as well.
Given that the stock recently paid an annual dividend of $3 per share and the dividend is expected to decrease by 4% each year, we can calculate the dividend for Year 1 as follows:
Dividend for Year 1 = Initial Dividend * (1 - Decrease Rate)
Dividend for Year 1 = $3 * (1 - 0.04)
Dividend for Year 1 = $3 * 0.96
Dividend for Year 1 = $2.88 per share
To calculate the stock price today, we can use the dividend discount model formula:
Stock Price = Dividend for Year 1 / (Required Return - Decrease Rate)
Stock Price = $2.88 / (0.17 - 0.04)
Stock Price ≈ $2.88 / 0.13
Stock Price ≈ $22.15 per share
Therefore, you should pay approximately $22.15 for this stock today if your required return is 17%.
Finally, for the third question, to calculate the current value of the stock at a discount rate of 15% with increasing dividends, we can use the dividend discount model formula:
\(\[\text{{Stock Price}} = \frac{{\text{{Dividend for Year 1}}}}{{(1 + \text{{Discount Rate}})}} + \frac{{\text{{Dividend for Year 2}}}}{{(1 + \text{{Discount Rate}})^2}} + \ldots + \frac{{\text{{Dividend for Year n}}}}{{(1 + \text{{Discount Rate}})^n}}\]\)e stock is expected to pay dividends of $1.45 per share in Year 1 and $1.68 per share in Year 2, and the dividend is expected to increase by 3.5% annually, we can calculate the current value of the stock as follows:
Stock Price \(= ($1.45 / (1 + 0.15)) + ($1.68 / (1 + 0.15)^2) + ...\)
To simplify the calculation, we can use the formula for the sum of an infinite geometric series:
Sum = a / (1 - r)
where "a" is the first term and "r" is the common ratio.
In this case, the first term (a) is $1.45 and the common ratio (r) is (1 + Growth Rate). Therefore, we can rewrite the formula as:
Stock Price = ($1.45 / (1 - 0.035))
Calculating this, we get:
Stock Price ≈ $1.45 / 0.965
Stock Price ≈ $1.50 per share
Therefore, the current value of the stock, at a discount rate of 15%, is approximately $1.50 per share.
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Write three sentences.What is summer mainly about and what is your fav thing about summer time?
As archaeologists continue to excavate pompeii, they find tangible traces of roman culture verbisections
Archaeologists uncover tangible traces of Roman culture in Pompeii through meticulous excavations and discoveries.
What tangible evidence of Roman culture has been found?Through ongoing excavations in Pompeii, archaeologists have unearthed a wealth of tangible evidence that offers a glimpse into the daily life and cultural practices of the ancient Romans.
The well-preserved ruins of buildings, intricate frescoes, detailed mosaics, household artifacts and even human remains provide invaluable insights into various aspects of Roman society such as architecture, art, social structure, domestic life, religious practices and even tragic historical events.
Full question:
As archaeologists continue to excavate pompeii, they find tangible traces of roman culture verbisections. What traces did they found?
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Companies that are employee-owned are commonly thought to be more profitable than are publicly-owned companies or companies with a single owner. If employees have a financial stake in the company, it is in their interest to work harder. If profit goes primarily to stockholders or a small group of owners, employees have less incentive to work hard. Yet, in a comparison of airline companies, Wingspan Airlines, which is entirely employee-owned, has recorded losses for the previous three quarters, whereas Longflite Airlines, which is owned by billionaire Martin Pearson, has recorded record profits for the previous three quarters.Which of the following, if true, best supports the conclusion that employee-owned companies are more profitable than are non-employee-owned companies?A. Wingspan Airlines has recently initiated routes to New Zealand, Australia, and Tahiti.B. Longflite Airlines has been owned by Martin Pearson for only six months.C. A cosmetics company that is entirely employee-owned has, in the last year, increased its market share by 18 percent.D. Profits recorded by Longflite Airlines include profits earned by a subsidiary that manufactures airplane parts, and because of a nationwide drop in airplane travel, all airline companies have chosen to repair their older planes rather than spend dwindling revenues on new planes.E. The employees of Wingspan Airlines voluntarily took pay cuts to give the company a chance to recover, and the employees of Longflite recently went on strike to protest poor working conditions.
Answer:
D. Profits recorded by Longflite Airlines include profits earned by a subsidiary that manufactures airplane parts, and because of a nationwide drop in airplane travel, all airline companies have chosen to repair their older planes rather than spend dwindling revenues on new planes.
Explanation:
In the given instance it is stated that Wingspan Airlines, which is entirely employee-owned, has recorded losses for the previous three quarters, whereas Longflite Airlines, which is owned by billionaire Martin Pearson, has recorded record profits for the previous three quarters.
This is in conflict with the fact that employee-owned are commonly thought to be more profitable than are publicly-owned companies or companies with a single owner.
The option that justifies this in the given instance is if every company is suffering and making losses but Longflite Airlines (which is owned by billionaire Martin Pearson) is making profit from a subsidiary that manufactures plane parts.
This will give Long life Airlines a clear advantage over other companies including the employee owned Wingspan Airlines.
1. If a business has assets of $ 5,600 and liabilities of $900, the owner's equity is *
$ 6,500
$ 900
$ 4,700
O $ 5,600
Answer:
The owner's equity is $900
Explanation:
Because an asset takes money from your pocket and liability puts money in your pocket.
Does the state of the US economy have an effect on local businesses started by entrepreneurs? Please explain your answer.
The state of the United States' economy has an effect on local businesses that are started by entrepreneurs as it determines the amount of sales that the local business would make.
How does the U.S. economy affect local businesses?The state of the U.S. economy determines the income level of the average person in America. If the economy is doing well, then people generally have more income than if the economy is performing poorly.
When the economy is doing well and people have more income, they will be able to buy more goods and services from businesses including the local businesses established by entrepreneurs. If the reverse is the case, then local businesses would generally suffer when the economy is bad and people have less income.
There are also local businesses that see their income increase when the economy is doing poorly for instance, financial planners and health care.
In conclusion, local businesses started by entrepreneurs get affected by the state of the U.S. economy.
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Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
In some cases, penetration pricing may follow skimming pricing. the skimming pricing would help ________ and the penetration pricing would help ________.
penetration pricing may follow skimming pricing. the skimming pricing would help recoup initial research and development costs; increase market share.
price skimming sets charges better to draw customers maximum interest in the services or products to maximize brief-time period profits. Penetration pricing uses decreased prices to build a customer base for brand new services or products.
Penetration Pricing is a pricing approach in which the rate set via the firm is low first of all, with the purpose to appeal to more and more clients. Skimming Pricing manner a pricing approach in which the company set a high price for the product at its advent level for you to acquire the most income. Penetrate the market.
Charge skimming unit prices higher to draw clients most interested in the products or services to maximize quick-term income. Penetration pricing uses lower prices to construct a consumer base for brand new services or products.
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the xyz firm will have an fcff of $2.25 per share in one year. the fcff is expected to grow from then on to two years after that at an annual growth rate of 7%. after that, the annual growth rate will slow down to 3%. the annual interest rate is 10%. if this poor company has no cash or debt now, what should share price be?
The share price of the XYZ firm should be $59.15.
To calculate the present value of FCFF for the next two years, we can use the following formula:
PV(FCFF) = FCFF ÷ \((1+r)^{t}\)
Where PV is the present value, FCFF is the free cash flow to the firm, r is the discount rate, and t is the number of years.
Using the given values, we get:
PV(FCFF₁) = $2.25 ÷ (1 + 0.10)¹ = $2.05
PV(FCFF₂) = $2.25 * (1 + 0.07) ÷ (1 + 0.10)² = $2.07
To calculate the terminal value, we can use the following formula:
Terminal Value = FCFF₃ × (1 + g) ÷ (r - g)
Where FCFF₃ is the free cash flow to the firm in year three, g is the growth rate after year two, and r is the discount rate.
Using the given values, we get:
Terminal Value = $2.25 × (1 + 0.07)² × (1 + 0.03) ÷ (0.10 - 0.03) = $55.03
Share Price = ($2.05 + $2.07 + $55.03) ÷ 1,000,000 = $59.15
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within the third step of the control process, ______ is a principle that states that managers should be informed of a situation only if data show a significant deviation from standards.
Within the third step of the control process, management by exception is a principle that states that managers should be informed of a situation only if data show a significant deviation from standards.
The third step of the process of controlling is to compare the actual performance of the organization with the established standards. By comparing the actual performance with the standards, an organization can determine the deviation between them.
The final step of the control process is the correction of deviations to improve the performance so that in the future it matches with the plan. Establishing standards and methods for measuring performance. Measuring performance. Determine if performance is up to par. take corrective action. The marginal rate of return reduction is set to reduce the factor's marginal rate of return.
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Given the demand function P=−QD²−3QD +20 and the supply function P=0.5QS²+QS+1,
(i) Calculate the price and level of output in equilibrium
(ii) Suppose the government imposes a fixed sales tax of €5 per good. What effect will this have on the equilibrium price and quantity?
(iii) Sketch the old and new supply curve on one graph and illustrate the old and new equilibrium.
i) he equilibrium price is $14.10 and the equilibrium quantity is 1.3.
ii) The new equilibrium price would be $10.44 and the new equilibrium quantity would be 1.63.
Following calculations for the price and level of output in, the impact of the government imposing a fixed sales tax of €5 per good on the equilibrium price and quantity, and the sketching of the old and new supply curve on one graph and illustrating the old and new equilibrium are given the demand function P = QD23QD +20 and the supply function P=0.5QS2+QS+1;.
i) The quantity required and the quantity delivered will be equal at equilibrium.
QD = QS
So -QD² - 3QD + 20 = 0.5QS² + QS + 1
Let's rearrange it in the form of QS² + 2QS + 2 = 2QD² + 6QD + 39QS² + 2QS + 2 - 2QD² - 6QD - 39 = 0
Using the quadratic formula:
the root for QS is = 4.3
and QD is= 1.3P = -QD² - 3QD + 20P = -1.3² - 3(1.3) + 20 = $14.10
Thus, the equilibrium price is $14.10 and the equilibrium quantity is 1.3.
ii) Imagine that there is a set sales tax of €5 for each commodity. The new supply function with the fixed sales tax imposed would be P = 0.5QS² + (QS+1+5
)
Therefore QS² + 2QS + 6 = -2QD² - 6QD - 15
Using the quadratic formula, QS = -3.88 (ignore the negative root) and QD = 1.63P = -1.63² - 3(1.63) + 20 + 5 = $10.44
Thus, the new equilibrium price would be $10.44 and the new equilibrium quantity would be 1.63.
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Please answer this question as soon as possible and in right way .
Don't copy paste the last answer
Government in Canada? A photo journal of my relationship.
What are the different areas of responsibility for each level of government: municipal, provincial, and federal?
Which level of government has the most impact in your life?
For each level of government, what are the issues or areas of responsibility and explain how it relates or directly affects your life.
Using the concept of political significance explain the impact of the issue or area of responsibility on your life. Use "I" statements to personalize your captions.
The government in Canada is comprised of three levels: municipal, provincial, and federal. Each level has different areas of responsibility and plays a unique role in our daily lives.
At the municipal level, responsibilities include local issues such as garbage collection, snow removal, and parks and recreation. As a resident of a municipality, these services directly impact my daily life. For example, the availability of parks and recreational facilities provides me with opportunities to stay active and socialize with others in my community.
At the provincial level, responsibilities include issues such as healthcare, education, and transportation. As a student, the quality of education provided by my province affects my future opportunities and success. Additionally, the accessibility and efficiency of public transportation directly impact my ability to travel to work and other commitments.
Finally, at the federal level, responsibilities include issues such as national defense, immigration, and international trade. The policies and decisions made at the federal level have the potential to impact my daily life in a variety of ways. For example, changes to immigration policies could affect the diversity of my community and workplace.
Overall, I believe that each level of government has a significant impact on my life. While the areas of responsibility differ, they are all essential to ensuring the smooth functioning of society. By understanding the different levels of government and their responsibilities, I am better equipped to engage with the political process and advocate for the issues that matter to me.
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How did Adam Smith's economic beliefs lead to the development of a new economic system?
Adam Smith was a Scottish economist and philosopher whose ideas on economics had a profound impact on the development of the capitalist system.
Smith believed that free markets, competition, and the division of labor were essential to economic growth and prosperity. In his influential book "The Wealth of Nations," he argued that the government should have a limited role in the economy, and that individuals pursuing their self-interest in a competitive market would lead to the most efficient allocation of resources.
Smith's ideas laid the foundation for the development of a new economic system, known as capitalism, which emphasizes private ownership of the means of production, free markets, and entrepreneurship. Capitalist system has been credited with driving innovation, raising living standards, and promoting economic growth, but has also been criticized for its negative impact on the environment, income inequality, and social justice.
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Something Wrong Limited (SWL) plans to identify the best options among two possible alternatives to finance its working capital based on an effective annualized rate (EAR). The first option relates to financing via issuing commercial paper. SWL can issue commercial paper (CP) totaling $4,000,000 with 120 days of maturity. Each commercial paper certificate will have a face value of $1000 and can be issued at a discount of 4%. As the issue manager, Always Misleading Clients (AMC) will charge a 1.5% commission on the face value of the CP. An additional 0.5% will be used for printing and stamp duty purposes for each CP. The alterantive option relates to factoring its’ account receivables. SWL Limited generates annual credit sales of $16 million, with an average collection period is four months. Historically, 97% of SWL’s credit sales are good and collectible. SWL is considering factoring its’ A/R balances with AMC at a 10% annual interest rate and 6% reserve requirement. AMC, the factor, charges a factoring commission of 2.5%. The operating cost of the credit administration department per collection cycle is $8000, while the cost for collection is 2.1% on credit sales.
a. Determine the EAR of financing via commerical paper issue and factoring account receivables. (3 + 4 Marks).
b. Which option should SWL choose? (1 Mark)
a. the EAR for factoring account receivables EAR is 0.1062 or 10.62% b. the lower EAR would result in lower financing costs for SWL Limited.
a. The effective annualized rates (EARs) for financing via commercial paper issue and factoring account receivables are as follows:
Financing via commercial paper issue:
To calculate the EAR for financing through commercial paper, we need to consider the discount rate, issuance costs, and commissions. The discount rate is 4%, the issuance cost is 0.5% per CP, and the commission is 1.5% on the face value. The CP has a 120-day maturity period.
Using the formula for EAR, the calculation is as follows:
EAR = (1 + r/n)^(n * m) - 1
Where r is the discount rate, n is the number of times interest is compounded per year, and m is the number of years.
In this case, r = 4%, n = 1, and m = 120/365 = 0.3288 years (assuming a 365-day year).
Calculating the EAR for financing via commercial paper:
EAR = (1 + 0.04/1)^(1 * 0.3288) - 1 = 0.0416 or 4.16%
Financing via factoring account receivables:
To calculate the EAR for factoring, we need to consider the interest rate, factoring commission, and reserve requirement. The interest rate is 10%, the factoring commission is 2.5%, and the reserve requirement is 6%. The average collection period is four months.
Using the formula for EAR, the calculation is as follows:
EAR = (1 + r/n)^(n * m) - 1
In this case, r = 10%, n = 1, and m = 4/12 = 0.3333 years.
Calculating the EAR for factoring account receivables:
EAR = (1 + 0.10/1)^(1 * 0.3333) - 1 = 0.1062 or 10.62%
b. Based on the calculated EARs, SWL should choose financing via commercial paper issue as it has a lower effective annualized rate (EAR) of 4.16% compared to factoring account receivables with an EAR of 10.62%. Choosing the option with the lower EAR would result in lower financing costs for SWL Limited.
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