Studies performed by labor economists find that less than 50% of wage dispersion can be explained by measurable factors. Some of the measurable factors typically used include years of experience, age, and race.
Economists observe the manufacturing and distribution of sources, items, and services by amassing and analyzing records, gaining knowledge of developments, and evaluating monetary issues. An economist is someone who studies the reasoning in the back of choices human beings make and is interested in using records to reinforce income, create higher public policy or behavior studies.
The countrywide common earnings for economists is $one hundred and one,813 in line with year , but the revenue you may earn relies upon on factors like your training, experience level and organization. some geographical areas also pay economists more than others. right here are the common salaries for an economist through the kingdom, beginning with the best. accumulating statistics from a couple of sources, gathering and analysing massive quantities of data from assets which include authorities figures, courses, net-based totally studies and industry surveys. discovering and know-how economic models and tendencies.
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question content area a corporation issues 2,050 shares of common stock for $65,600. the stock has a stated value of $19 per share. what amount of credit to common stock would the journal entry to record the stock issuance include? select the correct answer. $38,950 $2,050 $65,600 $26,650
Question content area a corporation issues 2,050 shares of common stock for $65,600. the stock has a stated value of $19 per share. what amount of credit to common stock would the journal entry to record the stock issuance include 2,050*19=$38,950
Common stock is a type of security and a form of corporate equity ownership. The terms voting share and ordinary share are frequently used outside of the United States. They are referred to as equity shares or ordinary shares in the United Kingdom and other Commonwealth countries. This type of share gives the holder the opportunity to vote on corporate strategy and the composition of the board of directors, as well as a piece of the company's income. Any specific corporate assets are owned equally by all shareholders and are not the property of the common stockholders. If a corporation issues both ordinary and preference shares, the dividends will be paid to the preference shareholders first.
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Double-Dip makes ice cream. The only advantage Double-Dip has over its competitors is taste. Double-Dip costs more and has more calories per unit weight. Promotions for Double-Dip should emphasize the experiential hierarchy of the ABC model of attitudes.TrueFalse
The given statement, promotions for Double-Dip should emphasize the experiential hierarchy of the ABC model of attitudes, is true.
What is explained by the ABC model?Antecedents, Behavior, and Consequences is also referred to as ABC. The ABC Model is a method for identifying and analyzing problematic behaviour. When doctors, clients, or caregivers seek to comprehend the "active components" for a problem behavior, it might be helpful.
What are the ABC's four levels of activity?When using activity-based costing, often known as ABC, businesses classify the cost source into one of four categories: unit-based, batch-based, product-based, and facility-based costs.
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the taft-hartley act created a list of unfair labor practices for unions and all of the following are true except: a. the act prohibits labor unions from coercing employees to join b. the act requires unions to bargain in good faith c. the act allows union members to be expelled or fined for filing unfair labor practices d. the act describes procedures for removing a union once it is in existence
The Taft-hartley act created a list of unfair labor practices for unions and all of the following are true except the act describes procedures for removing a union once it is in existence. Thus, option D is correct.
What is a Taft-Hartley Act ?The Taft-Hartley Act outlawed closed shops, territorial strikes, strike action, support or partisan strikes, secondary bans, secondary in mass picketing, subsidiary including mass boycotts of goods and services, and financial contributions by employers to federal electoral candidates. Additionally, it mandated that union officials declarations of non-communism to the authorities.
In addition to making labor unions accountable for damages resulting from territorial disputes and requiring union officials to swear an oath of noncommunism, the Taft-Hartley Act prohibited an all enterprise. All of the below are true, with the exception of the act's description of how to dissolve a union after it has been formed, which is on the blacklist of unfair employment practices concerning unions introduced by the Taft-Hartley Act.
Therefore, option D is the correct option.
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the bargaining power of a union may be exercised by: a. legal injunction b. lockout or relocation c. striking, picketing, or boycotting d. union merger
The bargaining power of a union may be exercised by striking, picketing, or boycotting.
Hence, Option C is correct.
What do you mean by Bargaining power?
The ability of parties to exert influence over one another during an argument is referred to as bargaining power. In a discussion where both sides are on an equal footing, they will have the same amount of bargaining power, as would occur in a market with perfect competition or between two equally powerful monopolies.The key buying criteria of buyers (such as price, quality/reliability, service, convenience, or any mix of these), price sensitivity or elasticity, switching costs, and their number and size in relation to the number and size of suppliers, all affect their relative bargaining power.To know more about Bargaining power here
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reserves of a bank equal its a. vault cash plus deposits with the federal reserve. b. vault cash plus deposits of its customers. c. vault cash. d. deposits with the federal reserve.
It was founded by President Woodrow Wilson under the Federal Reserve Act, which was aimed at backing each banks in order to put a definitive end to the bank panics of the 1800s.
What is the required reserve ratio for the Federal Reserve?in modern economies is rarely used Assume a bank has $100,000 in checking account deposits and no excess reserves, with a required reserve ratio of 10%. If the Federal Reserve raises the required reserve ratio to 12%, the bank will now have $20,000 in excess reserves.A bank reserves include the vault deposits with the federal reserves and represent a commercial bank holding and are physically held by the bank in the central reserves. That is set by the minimum reserve requirements an some of the central banks ted to pay interest on these despots while others don't. They can be various types as reserves on deposits and vault on cash and borrowed reserves and free reserves.The Federal Reserve implements Interest on Excess Reserves (IOER) to adjust the banks’ holding of excess reserves and influence the monetary supply. Financial institutions are required to hold a minimum amount of reserves to ensure sufficient liquidity when clients want to withdraw cash under normal circumstances.To learn more about Reserve bank refer to:
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which of the following statements is false? select one: a. both sales promotions and publicity should be consistent with and reinforce the retailer's overall promotion objectives. b. sales promotions should seek to provide some type of short-term sales incentive. c. sales promotions can either stimulate trial, increase consumer demand, or improve product demand. d. sales promotions play a very minor role in most retailers' overall promotion strategy. e. sales promotions can be significant in helping the retailer differentiate itself from competitors.
The following claims are untrue since sales promotions are a relatively minor part of most merchants' total promotion strategy.
What do sales promotions entail?A marketing strategy called a sales promotion aims to boost sales, foster client loyalty, or raise brand exposure. It usually involves giving clients a rebate or some other kind of incentive to purchase your product or interact with your brand.
The importance of sales promotionThe main benefit of a promotion is that it helps a company stand out from its rivals. Without competition, no company should need to run promotions. To continue doing business with customers, you must stay one step ahead of your rivals.
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What is one of the most important responsibilities of the dental office business assistant?
You should zealously adhere to the rules of the dental office as a dental assistant. You'll need to organize the dentist's office and give patients friendly direct or indirect care.
To join our healthcare department, we are searching for a capable dental assistant. You should zealously adhere to the rules of the dental office as a dental assistant. You'll need to organize the dentist's office and give patients friendly direct or indirect care.
On a full-time basis, you will be accountable for performing fundamental dental operations and office work. You should maintain a welcoming workplace for patient care while delivering outstanding customer service. You will see to it that everything the dental assistants do goes off without a hitch.
Apply for this opportunity right now if you have a thorough understanding of dental procedures and oral health. We look forward to meeting you.
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even though an open innovation model enables the firm to take advantage of external innovation conducted by other firms, it does not mean that the firm can decrease its r&d own effort. t or f
Note that it is TRUE to state that even though an open innovation model enables the firm to take advantage of external innovation conducted by other firms, it does not mean that the firm can decrease its own R&D effort.
What is an open innovation model?
An Open innovation Model entails purposeful, managed information exchanges with players outside of an organization's borders, with the goal of incorporating their resources and knowledge into the organization's own inventive process.
Building an Open Innovation network enables you to explore ideas or initiatives created inside that do not match your primary business model externally. This has the ability to generate additional money without jeopardizing your primary business.
It is to be noted that R&D is crucial for organizations because it gives valuable information and insights, which leads to changes to existing processes where efficiency and costs may be raised. It also enables firms to create new goods and services in order to prosper and survive in competitive marketplaces.
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what are three examples of intangible property that might be covered by a licensing agreement? (check all that apply.) multiple select question. copyrights patents designs shoes machinery purses
Trademarks, copyrights, patents, performance events, and other intangible property are just a few examples of tangible property that may be protected by a licensing agreement.
A non-physical asset with a useful life longer than a year is referred to as an intangible asset. Typically, these assets are recorded as a result of an acquisition, and the acquirer is permitted to allocate a portion of the purchase price to acquired intangible assets. There aren't many internally created intangible assets that may be recorded on a company's balance sheet. Below are some examples of intangible assets.
Trademarks Marketing-Related Intangible Assetsmagazine mastheadsnames of internet domainsNon-competition contractsIntangible assets relating to customers' lists of clientsBacklog of orderscustomer interactionsPerformance activities with a creative bentwritten worksmusical piecesPictures both movies and television showsTo know more about intangible assets, click the below link
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Natasha selects standard shipping for her purchase and the company bills her credit card $91. 08 for the total of the online purchase. Determine if natasha has been billed correctly for her purchase. A. Natasha has been billed correctly. B. Natasha has not been charged enough for her purchase. C. Natasha has been over charged by $1. 85 for her purchase. D. Natasha has been over charged by $8. 20 for her purchase.
A. Natasha has been billed correctly for her purchase of standard shipping.
To determine if Natasha has been billed correctly for her purchase, you need to review the details of the purchase.
First, you need to confirm the cost of the items purchased. This can be done by looking at the itemized list of purchases on the receipt.
Next, you need to confirm the cost of shipping. If Natasha selected standard shipping, then the cost will be listed on the receipt.
Finally, you need to compare the cost of the items purchased and the cost of shipping to the total amount billed to Natasha's credit card. If the total cost of items and shipping matches the total amount billed to Natasha's credit card, then Natasha has been billed correctly.
In this case, since the total cost of items and shipping matches the total amount billed to Natasha's credit card ($91.08), Natasha has been billed correctly. Therefore, the answer is A. Natasha has been billed correctly.
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Answer:
ITS C!!!!!!!!!!
Explanation:
i just took the test trust me <3
an economics graduate student in the united states earns an $18,000 stipend per year. the u.s. sees significant inflation. how might the student react?
According to the situation given in the question, the student might ask for a raise in the stipend.
How do you define a stipend?An stipend is a type of payment made to specific people to assist in covering their living expenses while pursuing a job. It is possible to receive stipends in place of or in additional to pay. Stipends are frequently given to clergy, fellows, apprentices, and interns.
Are stipends considered income?Stipends are not subject to Medicare and Social Security taxes since they are considered awards rather than pay for services. However, stipends are still regarded as taxable income. It's vital to remember that stipend recipients are not self-employed, so they are not responsible for self-employment taxes.
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a stock with a beta of 1.4 has an expected rate of return of 20%. if the market return this year turns out to be 10 percentage points below expectations, what is your best guess as to the rate of return on the stock?
Our best guess as to the rate of return on the stock with beta of 1.4 has an expected rate of return of 20% is 0.06 i.e 6%
Let us consider the following terms
Risk free return ---> Rf
Expected return on stock --> Rs
Market return ---> Rm
We have given that,
expected rate of return , Rs = 20% = 0.20
Market return this year, Rm is 10% below the exceptions
beta = 1.4
we have to calculate excepted the rate of return on the stock.
Now, Using the formula
Rs = Rf + Beta(Rm - Rf)
=> 0.20 = Rf + 1.4(Rm - Rf) --(1)
Now new markert return Rm* = Rm - 0.1
Rs = Rf + 1.4( Rm - 0.1 - Rf) --(2)
Substracts (2) from (1)
=> 0.20 - Rs = 1.4 [ Rm - Rf - Rm + 0.1 + Rf]
=> 0.20 - Rs = 1.4 [ .1] = .14
=> Rs = 0.20 - 0.14 = 0.06 = 6%
Hence the required rate of return is 6%
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What are three benefits of providing the responsible service of alcohol?
By providing training on the responsible service of alcohol beverages to servers and bartenders a business owner can potentially lower liability insurance rates.
Responsible service of alcohol, known as RSA is tied in with giving principles and procedures to a wide range of organizations and associations that offer liquor with the expect to:
limit liquor related issues, including hostile to social way of behaving and savageryexecute best practice in the deal and supply of liquor and the activity of authorized premises, andforestall nearby neighborhood aggravation that can be related with liquor utilization.RSA is an essential rule safeguarded by the laws of NSW. RSA guides licensees and their staff to guarantee they sell liquor capably and conform to the alcohol regulations. It incorporates adaptable and proactive drives that suit industry areas and individual authorized premises. It assists with diminishing the gamble of liquor related issues emerging in and around authorized premises.
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what is one way that cash flows from investing activities are the opposite of cash flows from financing activities?
Cash loaned and borrowed is one way that cash flows from investing activities are the opposite of cash flows from financing activities.
While cash flows from financing activities typically reflect cash flows relating to money the firm borrowed from others, cash flows from investing activities frequently reflect money the company loaned to others.
The cash flow from investing activities section of the cash flow statement displays the cash generated or spent in relation to investment operations. Investing activities include purchasing physical assets, purchasing and holding securities, and selling securities and/or assets.
The net cash flows used to fund the business are shown in the cash flow from financing activities (CFF) section of a company's cash flow statement. Financing activities include deals involving debt, equity, and dividends.
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initially serenityhealth was a dropship company. what is the dropship model? group of answer choices merchandise is sold on an ecommerce website and that company then ships the merchandise to the customer integrating web operations with physical store operations merchandise is sold on an ecommerce website and the order is sent to another company to ship the merchandise to the customer merchants or manufacturers sell their inventory directly to amazon at wholesale rates, which is then sold directly on amazon
The supplier is merely contacted after a consumer places an order, and the products are subsequently delivered right to the customer's door.
What type of business model is dropshipping?You advertise products and offer an online storefront in a dropshipping business Model. You transmit the order to the dropshipper when a customer puts an order, then you let the customer know the things are on their way. You have no control over the remaining steps in the physical fulfillment procedure.
What sort of product would you dropship?Imagine you run a website where you sell dog supplies. You don't have to acquire tens of thousands of collars or leashes in advance and keep them in your garage (or a rented warehouse) until you make a sale if you're a dropshipper.
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in order to assess the performance of their firms and their supply chains, what do managers need to do to determine the needs of those customers?
Companies may reduce unnecessary expenditures and deliver goods to customers more quickly and effectively by handling the supply chain.
Who or what is a consumer?Consumers are those who buy products for their own needs and utilize or consume them. Although a customer never resell the good, product, or service, he or she may use it to support himself or herself and engage in self-employment. Describe a consumer. The person who uses any good and services on a daily basis is the consumer.
What is an easy way to define a consumer?A consumer is a person who purchases products or services for personal use or ownership as opposed to resell or utilization in production or manufacture. A heterotrophic creature in a food chain that consumes other species or organic substances.
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What is the first activity in test preparation?
The first activity in exam preparation is to determine what the exam will be about.Reviewing old tests and quizzes won't help you determine what's on a test because teachers don't like to give students clues.
In general,there are four main stages of testing that can be performed on any build.They are the Unit Tests, Integration Tests,System Tests,and Acceptance Tests preparation ensures that you complete the test to the best of your ability.You can prepare by reviewing the topics and materials through the resources that are available to you. It's also important to set yourself up for success through healthy habits more on that soon! There are four main stages of testing that must be completed before a program can be licensed for use unit testing,integration testing,system testing, and acceptance tests.
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metlock company ltd. publishes a monthly sports magazine, fishing preview. subscriptions to the magazine cost $26 per year. during november 2022, metlock sells 6,060 subscriptions for cash, beginning with the december issue. metlock prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. the company uses the accounts unearned subscription revenue and subscription revenue. the company has a december 31 year-end. (a) prepare the entry in november for the receipt of the subscriptions.
The entry in November for the receipt of the subscriptions will include the cash and Unearned subs Rev.
What is revenue?Revenue is the entire amount of money made through the sale of products and services that are essential to the firm's business functions. Revenue or churn are other terms used to describe commercial revenue. Some businesses make money from rights, tax, or other payments.
The definition that is provided regarding the stock and the companies revenue is given as:
The annual cost of a magazine membership is $26.
6,060 subscriptions are sold by Matlock for cash.
Cash (6060*26) 157560
Unearned subs Rev 157560
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how does being a member of the european union allow trade to be simpler between germany and france than it is between the united states and france?
One of the most globalized economies is that of the European Union. It is also the largest single market region in the entire planet. One of the basic foundations of the EU was free trade among its members, and it is dedicated to opening up world trade as well.
How did the European Union make trade easier between EU nations?EU international commerce increased between 1999 and 2010, and it currently makes up more than 30% of the EU's GDP (GDP). The EU negotiates contracts on behalf of its member nations and is in charge of their trade policies. In international trade discussions, the EU's collective voice is more influential than the voices of its individual members.
To negotiate trade agreements, the EU actively works with nations or regional organizations. Access to the markets of the EU and the concerned nations is provided by these accords, which is advantageous to both parties. EU businesses can expand their operations and import the raw materials needed to produce their products with greater ease.
When negotiating trade agreements or norms, the EU also solicits feedback from the general public, businesses, and non-governmental organizations.
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Can you get alcoholic beverages to go in Texas?
Texas law now allows customers and businesses to safely enjoy to-go alcoholic beverage options. Temporary exemptions to provide relief to businesses during the COVID-19 pandemic have been updated and made permanent, thanks to recent action by the Governor of Texas.
Mainly, because Texas is one of the strictest states when it comes to the sale of alcohol. Governor Greg Abbott signed House Bill 1024 into law allowing these sales to continue permanently.This allows beer, wine, and mixed drinks to be included in takeout and delivery orders.I want to operate a mobile food truck.Under current law, alcohol permits are only issued to a permanent physical address that has been certified by local authorities. For example, a food truck moving through a city does not have a permanent physical address.In Texas, there are no state laws to bring your own drink (BYOB). Check with your city or county for the relevant local ordinances. State law makes it illegal to bring alcoholic beverages onto the premises of the holder of a Mixed Beverage Permit (MB) or Private Club Registration Permit (N).
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1. structural unemployment: a. is unemployment that occurs as a result of a downturn in the economy. b. is short-term unemployment associated with individuals who are not working while seeking their first job or changing jobs. c. occurs when the jobs that are available require skills that do not match the skills possessed by those seeking jobs. d. is the only type of unemployment that makes a person eligible for unemployment benefits.
Structural unemployment occurs when the jobs that are available require skills that do not match the skills possessed by those seeking jobs.
What is Structural UnemploymentStructural unemployment is a type of unemployment that occurs as a result of changes in the shape of the economy of a region or country.
Structural type unemployment can also occur in certain parts of the economic sector. For example, industrial relocation, changes in the composition of the workforce, recession, and others.
Therefore, the notion of structural type unemployment is unemployment that occurs as a result of changes in goods or services that the customer wants cannot be fulfilled by members of the workforce.
Several reasons behind why this phenomenon can occur include skills, industry, occupation, to the geographical location of the workforce that does not meet the criteria desired by the company, thus changing the economic structure.
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an enterprise in which two or more firms or investors (including governments) share ownership of a business and its property rights is called a(n):
A(n) enterprise is defined as one in which two or more businesses, investors, or governments (including governments) jointly own a business and its property rights: joint venture
A joint venture (JV) is a company formed by two or more people that is typically distinguished by shared ownership, returns and risks, and governance. In general, businesses enter into joint ventures for one of four reasons: to obtain access to a new market, especially an emerging one; to increase scale efficiency by integrating assets and operations; to share risk for significant expenditures or projects; or to gain access to talents and capabilities. Reuer and Leiblein's research contested the notion that joint ventures reduce downside risk. Joint ventures have received a lot of bad reputation, but objective data suggests they might possibly outperform fully owned and controlled affiliates, claims Gerard Baynham of Water Street Partners. According to his review of data from more than 20,000 businesses obtained by the U.S. Department of Commerce (DOC), "A new narrative developed," he writes. The DOC data shows that the average return on assets (ROA) for international joint ventures of U.S. corporations was 5.5 percent, compared to 5.2 percent for their totally owned and controlled affiliates (of which the vast majority are wholly owned). The same is true for foreign corporations investing in the United States, although the distinction is more obvious. Joint ventures with U.S. headquarters had an average ROA of 2.2 percent, whereas totally owned and controlled affiliates in the country only generated a ROA of 0.7 percent.
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which business cycle would be represented by an increase in ad in the classical range of the as curve.
where a rise in ad in the traditional range of the as curve would be used to symbolize demand equal to supply in a business cycle.
Business cycles, or more precisely recessions and expansions, signal a slowing, dropping, or accelerating of the economy. The AD-AS model has provided us with a method to understand business cycles. When supply or demand shocks are negative, real GDP falls below potential GDP at equilibrium, as it did at equilibrium point E1. This is when a recession occurs. Recessions can be brought on by negative shocks to aggregate supply or demand. If business or consumer confidence declines, AD may go from AD0 to AD1, to the left. As AD shifts to the left, the new equilibrium will be less productive and have a lower price level than the initial equilibrium (E0).
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why did many middle-income governments send students and government commissions abroad to look at the most efficient industrial operations elsewhere?
The problem in many developing countries is that governments A lack of funding for education,having no teacher or a poorly qualified one,not a classroom.
What issues must be taken into account when educating people in various nations?The Middle Income Countries (MICs) of the world are a heterogeneous group in terms of size, population, and income.Upper middle-income economies are those with a GNI per capita between $4,046 and $12,535 whereas lower middle-income economies are those with a GNI per capita between $1,036 and $4,045. (2021).People are unsure if education will result in increased incomes.A higher rate of saving results in growth that is permanently higher.Long term, a higher saving rate will result in a higher stock of capital.Economic growth and greater pay: In many underdeveloped nations, wages increase by 10% for every year of further education.To learn more about Middle Income Countries refer
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Jimmy choo shoes sells 100,000 pairs of shoes to boutiques across the country: the following cost information pertains to the shoes leather and metals: $25/pair shoe boxes: $1/pair shoemaker wages: $10/pair advertising & promotion: $200,000 executive salaries $300,000 selling price to boutique: $100. 00 what is the per unit gross marketing contribution?.
The per unit gross marketing contribution is 3200%.
What is gross contribution?Gross contribution means the total contributions received by the organization from all sources, regardless of geographic location, excluding government grants. The contribution margin is calculated by subtracting variable costs from revenue, then dividing the result by revenue, or (revenue - variable costs) / revenue.
In this case, given data says:
Advertising & promotion: $200,000
Units of shoes: 100,000 pairs
Contribution = $64/pair
So, per unit gross marketing contribution can be explained calculated by:
Marketing cost per unit = $200,000 / 100,000 units = $2.
Thus, gross marketing contribution = ($64 / $2) x 100% = 3200%
Hence, the per unit gross marketing contribution is 3200%.
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which pricing policy would probably be best for a profit-oriented producer introducing a really new product with a very inelastic demand curve?
Introductory price dealing is the policy that would probably be best for a profit-oriented producer introducing a really new product with a very inelastic demand curve.
What is demand curve?A demand curve refers to a graphical representation of the relation between the cost of a good and service and the quantity demanded over a period of time. In a typical representation, price is displayed on the left vertical axis and quantity demanded is displayed on the horizontal axis. In economics, a demand curve is a graph that shows the relationship between the price of a particular commodity and the quantity of that commodity demanded at that price. A can be used for the relationship between price and quantity for an individual consumer or for all consumers in a given market. There are two types of demand curves: individual demand curves and market demand curves. It may be created by making the requested price and quantity on the chart. The demand curve plots price on the Y-axis and quantity demanded on the X-axis of the chart.To learn more about demand curve from the given link:
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when the price ceiling applies in this market and the supply curve for gasoline shifts from s1 to s2,
when the price ceiling applies in this market and the supply curve for gasoline shifts from s1 to s2, A shortage will occur at the new market price of P2
A price ceiling is a limit placed by the government or another party on the most that can be paid for a thing, commodity, or service. Price caps are reportedly implemented by governments to protect consumers from scenarios where commodities can become costly.
In addition to those who are unable to purchase the product at all, those who are able to do so at the lower price established by the price ceiling will also suffer.
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which appraisal method is generally not used by a certified real estate appraisal group of answer choices direct capitalization of net income method comparative market analysis cost replacement method comparative sales method
Option a is correct. Direct capitalization of net income method is generally not used by a certified real estate appraisal.
The appraisal approach explains how to determine an asset's value based on its cost, the income it produces, and its fair market value (FMW) in comparison to other assets of a similar nature. The value that results from the appraisal is essentially an educated guess that tries to predict the price that an asset would probably get on the open market. Although they are frequently done in conjunction with a sale of an object, appraisals can also be done for insurance or taxes reasons.
The appraisal approach is a method for calculating an asset's worth that relies on an appraisal as opposed to market transaction pricing.
Normally, it takes place in conjunction with the sale of an asset, or for insurance or taxes reasons.
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Which accounting concept applies when expenses are reported in the same fiscal period that they are used to produce revenue?
Matching principle applies when expenses are reported in the same fiscal period that they are used to produce revenue.
According to the matching principle, which is a concept in accounting, businesses must record expenses at the same time as the revenues to which they are related. For a while, the income statement's revenues and costs match (e.g., a year, quarter, or month).
The accrual accounting method's matching concept contributes to a more accurate depiction of a company's operations on the income statement. Investors often prefer a normalised income statement that is smooth and continuous rather than a lumpy one that is disjointed. Investors have a better understanding of the real economics of the company by combining them.
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With a tax, the tax rate decreases as income increases. Individuals bear a greater burden with this type of tax.
Each person or household must pay a set amount of money annually under a regressive tax. Regressive taxes have a percentage rate that decreases as the amount being taxed increases.
What is a regressive tax example?Low-income earners are more negatively impacted by regressive taxation. They take more money from the less fortunate than from the wealthy. Regressive taxes include those on the majority of consumer items, sales, gas, and Social Security payroll. Regressive taxes include the sin tax and the Pigovian tax.
What is progressive and regressive tax?A progressive tax is one that collects a higher percentage of revenue from high-income groups than from low-income groups. A tax that subtracts the same amount from each income group is said to be proportional. Regressive taxes are ones that deprive low-income groups of a larger percentage of their income than they do high-income groups.
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Answer: 1st box: regressive 2nd box: Lower-income