which of the following arguments best describes why the majority of economists would disagree with their statement? A. a corrective tax would result in a more efficient outcome than either tradable permits or government regulation would.
B. the environment is so important that it should be protected as much as possible, regardless of the cost.
C. clean air is a fundamental right, and government regulation will allow too much pollution. D. tradable pollution permits in a free market is typically more efficient than government regulation.

Answers

Answer 1

According to economists, "tradable pollution permits in a free market are generally more effective than government regulation."

Tradable permits in a free market are generally more efficient than government regulation. Tradable pollution permits, also known as emissions permits, are authorizations to emit a certain amount of a specific pollutant. Trading permits allows businesses to get the right to pollute from companies that are not using the full allotment of their permits. This approach establishes a market in which businesses can purchase and sell pollution permits, allowing them to choose between reducing their own emissions or buying permits from others to cover them. Tradable permits are a type of incentive system that allows businesses to lower their environmental impact while remaining cost-effective.Tradable permits, according to economists, help to internalize the external costs of pollution in the marketplace. As a result, if pollution permits are allocated correctly, companies will strive to minimize their pollution, resulting in a more efficient allocation of resources. Tradable permits provide an incentive to innovate and use environmentally friendly techniques and materials. As a result, economists tend to disagree with the statement that "clean air is a fundamental right, and government regulation will allow too much pollution."

In economics, it is believed that a market-based approach is more efficient than command and control regulations, where the government imposes pollution standards on all polluters.

Learn more about economics here: https://brainly.com/question/17996535

#SPJ11


Related Questions

One of the challenges of running a home-based business is:A. an increase in business risk.B. managing the extra time on your hands.C. keeping work and family tasks separate.D. burdensome tax laws.

Answers

One of the challenges of running a home-based business is keeping work and family tasks separate. The correct answer is option C.

An enterprise where the owner's house serves as the main office. Every form of company is acceptable as long as the office itself is housed. The choice to work from home is likely to have an effect on both your personal and professional lives. The correct answer is option C.

Even if you properly segregate your house's commercial and domestic sections, having a home office might lead to issues that wouldn't arise in a workplace that was separate from your residence. It may take some time for friends and family to get used to the idea that even if you work from home, you need uninterrupted work time. They may not completely appreciate the implications of a home office. The correct answer is option C.

Learn more about Residence here:

https://brainly.com/question/29557783

#SPJ4

francis works for a local fly-fishing shop. the shop allows employees to purchase two fly rods per year at a discount. this year, francis purchased one rod. the rod normally retails for $300 and was sold to francis for $250. the employer's average gross profit percentage is 30 percent. what amount of the discount must be included in francis's income?

Answers

This implies that $15 is the amount of the discount that must be included in Francis' income.

In the given question, the amount of the discount that must be included in Francis' income is $30. Here's the explanation: As per the information provided, Francis works for a local fly-fishing shop. The shop allows employees to purchase two fly rods per year at a discount. This year, Francis purchased one rod. The rod normally retails for $300 and was sold to Francis for $250.The employer's average gross profit percentage is 30 percent.

Therefore, the cost of the rod to the employer = Cost of the rod to Francis / (100% + Gross Profit Percentage) * 100

Cost of the rod to the employer = $250 / (100% + 30%) * 100= $192.31

Now, the discount amount = Retail price of the rod - Cost of the rod to Francis

Discount amount = $300 - $250 = $50

As per the US tax code, an employer is required to include discounts on goods and services in the employee's income. The value of the discount must be equal to the gross profit percentage of the employer. Hence, the discount amount that must be included in Francis' income is:$50 * 30% = $15. This implies that $15 is the amount of the discount that must be included in Francis' income.

For more about income:

https://brainly.com/question/14732695

#SPJ11

if you purchase a cut of meat that needs to be trimmed of fat and bone, what will happen in relation to its price?

Answers

If you purchase a cut of meat that needs to be trimmed of fat and bone, the price will be decreased in relation to it. The cost of meat that needs to be trimmed of fat and bone is reduced in relation to its price.

This is due to the fact that the trimmed fat and bone are discarded, lowering the meat's overall weight and increasing the amount of preparation required by the buyer. The reduced cost of the trimmed meat is advantageous to the customer, as it allows them to receive a higher quality cut of meat at a lower price. A lower price is linked to cuts of meat that require trimming because the weight and preparation time of the meat are both reduced. Buyers will be able to save money while still receiving a high-quality cut of meat due to this.

Learn more about market for organic beef https://brainly.com/question/30891933

#SPJ11

if 390,000 people each receive an average refund of $1,950, based on an annual interest rate of 3 percent, what would be the lost annual income from savings on those refunds?

Answers

If 390,000 people each receive an average refund of $1,950, based on an annual interest rate of 3 percent, the lost annual income from savings on those refunds is $22,815,000.

To calculate the lost annual income from savings on those refunds, we need to first calculate the total amount of refunds paid out:

Total amount of refunds = Number of people x Average refund amount

Total amount of refunds = 390,000 x $1,950

Total amount of refunds = $760,500,000

Next, we need to calculate the amount of interest that would have been earned on that amount if it had not been paid out as refunds. Assuming an annual interest rate of 3 percent, the lost annual income from savings would be:

Lost annual income = Total amount of refunds x Annual interest rate

Lost annual income = $760,500,000 x 0.03

Lost annual income = $22,815,000

Therefore, the lost annual income from savings on those refunds, based on an annual interest rate of 3 percent, would be approximately $22,815,000.

Learn more about income here:

https://brainly.com/question/23917665

#SPJ11

how has rural to urban migration impacted many african nations?

Answers

In the following question, Rural-to-urban migration has had a significant impact on many African nations. overcrowding and congestion, inadequate infrastructure and services.

This process has led to the creation of large cities, while many rural areas have become depopulated. The influx of people to the cities has resulted in overcrowding and congestion, and inadequate infrastructure and services. This has put a strain on resources and contributed to increased poverty, social and economic inequality, and environmental degradation. In addition, rural-to-urban migration has disrupted traditional cultures and ways of life, as rural people have to adjust to the different lifestyles of city life.

For more such questions on migration

https://brainly.com/question/20697184

#SPJ11

determine whether an observational or experimental study is appropriate to address the following statement. a coffee shop manager wants to find out if using a new cleaning product will reduce staffing costs.

Answers

An observational study is appropriate to address the statement: A coffee shop manager wants to find out if using a new cleaning product will reduce staffing costs.

What is an observational study? Observational studies are studies where the investigator merely observes and records data. These studies may take place in the field or in the laboratory. Observational studies are further divided into cohort studies and case-control studies.Observational studies can be used to determine if an event is connected to a specific intervention. Observational studies can be used to determine if a health care system or program is successful in improving health outcomes.

Observational studies are conducted by trained investigators in a natural setting. What is an experimental study? An experimental study is a type of study in which the investigator carefully observes and records the results of a specific intervention. In an experimental study, the investigator compares a group of individuals who receive an intervention with a control group that does not receive the intervention. The purpose of the experimental study is to determine if the intervention is effective in achieving the desired outcome.

Read more about manager here:https://brainly.com/question/1276995

#SPJ11

Holding large amounts of bank capital helps prevent bank failures because
A) it means that the bank has a higher income.
B) it makes loans easier to sell.
C) it makes it easier to call in loans.
D) it can be used to absorb the losses resulting from bad loans.

Answers

Holding large amounts of bank capital helps prevent bank failures because it can be used to absorb the losses resulting from bad loans.

By having large amounts of capital, banks are able to take on more risk and are less likely to experience losses in the event of a bad loan. Capital can also be used to cover any costs associated with bad loans, such as closing costs, legal fees, and other expenses. This helps to ensure that banks remain stable and are not forced to declare bankruptcy due to bad loans. In addition, banks with large amounts of capital can call in loans quickly, making it easier to manage their portfolios. All of this helps to reduce the chance of failure and protect customers from the losses associated with bank failures.

For more questions on bank capital

https://brainly.com/question/16627237

#SPJ11

What is the applicable financial reporting framework in the US known as?

Answers

The applicable financial reporting framework in the US is known as Generally Accepted Accounting Principles (GAAP).

Financial reporting is the accounting process of creating financial statements that reflect an organization's financial activities to internal and external stakeholders.

Financial reports also provide information on how to manage the finances of a company and how to make investments or get credit for a company. Financial reporting aids in the assessment of a company's financial performance, as well as its liquidity, profitability, and solvency.

Financial reporting helps both company management and external parties to assess the company's financial well-being.

Generally accepted accounting principles (GAAP) are the applicable financial reporting framework in the United States. The accounting principles, standards, and procedures used to prepare a company's financial statements are known as GAAP.

GAAP is a set of rules, standards, and conventions used in preparing financial statements and disclosures. These rules, standards, and conventions help organizations report financial information in a consistent and comparable way.

Learn more about Financial reporting here:

https://brainly.com/question/28944788

#SPJ11

CRM implementation could be milestone for building new strategic competences/ digital transformation process of Companies. Can you identify the key issues/ challenges for A Company X (a real example of your choice) during this process CRM adoption? Do you think that a small Business could have benefits from CRM program? Briefly analyze one case study / companies of choice that use CRM to build a good and profitable relationship with Customers. (i. E: Hints for answer with analysis from 1 case study: How CRM act as s strategic marketing tool? Explain the changing landscape of Marketing in 2020s that lead to the Rise of Relationship Marketing. Please discuss with examples. )

Answers

One company that could face challenges during the CRM adoption process is Nike. Nike is a global company with a large and diverse customer base, which could make it challenging to implement a CRM system that effectively manages customer data and interactions across different channels and touchpoints. Additionally, Nike operates in a highly competitive and fast-paced industry, which may require a quick and efficient CRM adoption process to stay ahead of the competition.

Despite these challenges, a CRM program could have significant benefits for a small business. For example, it can help small businesses streamline customer data management, improve customer segmentation and targeting, and personalize customer communications and experiences, which can lead to increased customer satisfaction and loyalty.

One case study of a company that has successfully implemented a CRM program to build good and profitable relationships with customers is Salesforce. Salesforce is a leading provider of CRM software and services, and it has built its own business model around the concept of relationship marketing. Salesforce uses its own CRM software to manage customer data, interactions, and communications, and it also provides its customers with tools and services to do the same.

CRM acts as a strategic marketing tool for Salesforce by helping the company to better understand and engage with its customers. Through its CRM program, Salesforce is able to collect and analyze customer data from multiple sources, including social media, email, and website interactions, to gain insights into customer behavior and preferences. This allows Salesforce to personalize its communications and offerings to each individual customer, which can lead to increased customer satisfaction and loyalty.

The changing landscape of marketing in the 2020s has led to the rise of relationship marketing, which emphasizes building long-term relationships with customers through personalized and value-added interactions. This approach is particularly effective in today's digital age, where customers have more control over the buying process and demand personalized experiences. Companies that can effectively implement CRM programs to support relationship marketing are likely to be more successful in building profitable and sustainable customer relationships.

arrangements in which commercial spots are purchased from local stations and generally appear during time periods alongside network programs rather than within them are known as .

Answers

Answer:

Arrangements in which commercial spots are purchased from local stations and generally appear during time periods alongside network programs rather than within them are known as spot advertising.

Explanation:

What is spot advertising?

Spot advertising is an advertising system that involves the buying of airtime on television or radio by advertisers for commercial spots. These commercial spots can be purchased from local stations or from network programs, and they appear during specific time periods alongside network programs. These spots are also purchased during peak hours, which are the times when the audience is most likely to be watching or listening to the station. In this type of advertising, commercials are played during a break in a television or radio program. The goal of the ad is to attract potential consumers and persuade them to purchase the goods or services being advertised. Spot advertising can be used for many different products, such as beauty products, food, cars, and so on.

Learn more about spot advertising here:

https://brainly.com/app/ask?q=spot+advertising

#SPJ11

typical electronic banking services allow customers to do all of the following except a pay bills online. b transfer funds from savings to checking. c obtain cash. d print new checks.

Answers

Typical electronic banking services allow customers to do all of the following except d) print new checks. Correct answer is option D

Electronic banking, also known as online banking or e-banking, is a form of banking that allows customers to conduct financial transactions through the internet. It is a convenient way of banking, and many customers prefer it to the traditional way of banking.

Some typical electronic banking services include:1. Account balance checking: With electronic banking, customers can check their account balances in real-time, instead of having to visit a bank or ATM.2. Fund transfer: Customers can transfer funds between accounts or to other people's accounts from their computers or mobile phones.3. Bill payment: Customers can pay bills electronically, without having to write checks or use cash.

4. View statements: Electronic banking allows customers to view their account statements online, making it easier to keep track of their transactions.5. Obtaining cash : Electronic banking allows customers to withdraw cash from ATMs using their debit or credit cards. The Correct answer is option D

Know more about banking services here:

https://brainly.com/question/29385262

#SPJ11

WHAT IS THE KEY WORD IN THE FOLLOWING QUESTION?
All of the following are reasons for a revenue bond issuer to make an extraordinary call EXCEPT:
A. the proceeds of the issue were never expended to build the proposed facility
B. homeowners have prepaid their mortgages at a faster than expected rate on a housing bond issue
C. the facility built with the proceeds of the issue has been destroyed by fire
D. interest rates have dropped and the issuer can refund the bonds at lower current rates

Answers

All of the following are reasons for a revenue bond issuer to make an extraordinary call, EXCEPT: B.) homeowners have prepaid their mortgages at a faster than expected rate on a housing bond issue.

About Revenue bond issuer

Revenue bond issuer might need to make an extraordinary call to be able to refund bonds at a lower current rate and save money or lower the cost of borrowing.

The facility built with the proceeds of the issue has been destroyed by fire might lead to a bondage issuer to make an extraordinary call. Also, the proceeds of the issue were never expended to build the proposed facility might lead to an extraordinary call. However, homeowners prepaying their mortgages at a faster than expected rate on a housing bond issue would not lead to an extraordinary call.

Learn more about revenue bond at

https://brainly.com/question/3106706

#SPJ11

Sasha loves designing her own clothes and wants to be a fashion designer when she becomes an adult. What personality trait describes Sasha?

investigative


A. investigative


B. enterprising


C. artistic


D. realistic

(THIS IS CAREER EXPLORATION!!)

Answers

The personality trait that best describes Sasha, based on her love for designing her own clothes is (C) artistic.

How does the artistic personality trait behave?

Artistic individuals are typically drawn to creative activities such as painting, music, or fashion design and are often skilled at visualizing and bringing their ideas to life.

Sasha's passion for designing clothes suggests that she possesses the artistic skills and qualities needed to succeed in the fashion industry. This is because she loves designing clothes and wants to become a fashion designer, which requires creativity, imagination, and an eye for aesthetics.

Find out more on artistic personality trait at https://brainly.com/question/28954768

#SPJ1

Given the following list, if ListTraverse ReverseRecursive(node) were called directly on node Chips, the nodes visited would be menu head: tail: data: Pizza next: data: Chips next: data: Tea next: null O Only Tea O Tea, Chips, and Pizza O Chips and Pizza O Tea and Chips

Answers

Explanation:

[tex]55156xyy2332 \times \frac{?}{?} 3955 \sqrt[?]{ \\ \\} [/tex]

allowances, cooperative advertising, and the training of distributor's salesforces are types of oriented sales promotions. (true or false)

Answers

The statement "allowances, cooperative advertising, and the training of distributor's salesforces are types of oriented sales promotions" is TRUE.

What is sales promotion? A sales promotion is a marketing strategy used by firms to boost short-term sales. Advertising, personal selling, public relations, and direct marketing are all communication tools that marketers employ to achieve their marketing objectives. A sales promotion, on the other hand, includes incentives or other promotional tactics that are intended to stimulate a customer to make a purchase immediately.

Learn more about cooperative advertising here:https://brainly.com/question/12219097

#SPJ11

does the air in a room at room temperature and pressure behave ideally

Answers

Gas particles have sufficient kinetic energy at room temperature to overcome intermolecular interactions and behave as ideal gases.   (21.1 kPa). As a result, it is argued that atmospheric gases act like an ideal gas. 760 mm of Mercury make up one atmosphere.

In the range of 159 and 160 mm Hg, atmospheric oxygen has a partial pressure. At low enough pressures, all gases behave in a manner that is similar to that of an ideal gas; at STP, noble gases like argon are extremely near to being ideal, and even air can be approximatively considered to be perfect.

To learn more about temperature, click here

https://brainly.com/question/11464844

#SPJ4

T/F to determine filing status, a taxpayer's marital status is determined based on the number of days the taxpayer was married during the year compared to the number of days they were not married.

Answers

False.

A taxpayer's marital status is determined by their legal marital status as of December 31st of the tax year. Unless the taxpayer is legally married on December 31st, they will not be able to file as married filing jointly or married filing separately.

This determination is the same regardless of how many days the taxpayer was or was not married during the year. This is because the Internal Revenue Service (IRS) does not recognize common law marriages or legal separations for federal income tax filing purposes.

Know more about Internal Revenue Service (IRS) here:-

https://brainly.com/question/30401300#

#SPJ11

what are types of participants found in economic systems?Producers,consumers, government.both off answer

Answers

The three types of participants found in economic systems are producers, consumers, and the government. Here option D is the correct answer.

Producers are individuals or businesses that create goods or services for sale in the marketplace. They are responsible for producing and distributing goods and services, and they make decisions about what to produce, how much to produce, and at what price to sell their products.

Consumers are individuals or groups who purchase goods and services in the marketplace. They make decisions about what to buy, where to buy it, and how much to pay for it. Their preferences and buying behavior influence the decisions of producers, which in turn affects the supply of goods and services.

The government is also an important participant in economic systems. It plays a role in regulating and controlling the economy through various policies and regulations. The government may provide public goods and services, such as infrastructure and education, and it may also intervene in the economy to address market failures, such as monopolies or externalities.

To learn more about economic systems

https://brainly.com/question/14630050

#SPJ4

Complete question:

What are the types of participants found in economic systems?

A - Producers,

B - consumers,

C - government

D - all of these

Bill and Hillary each buy a house and take out a $100,000 loan. His house is in New York and her house is in Washington D.C. Bill takes out a conventional 30 year fixed rate mortgage, and Hillary opts for a conventional 15 year fixed rate mortgage. Which of the following correctly summarizes how Bill's mortgage is different from Hillary's (all other things being equal)?
- Bill's 30 year mortgage has a higher interest rate, lower
monthly payments and higher overall interest payments.
It builds equity more slowly than Hillary's mortgage.
- Hillary's 15 year mortgage has a higher interest rate, higher
monthly payments and higher overall interest payments.
It builds equity more slowly than Bill's mortgage.
- Bill's 30 year mortgage has a lower interest rate, lower
payments and lower overall interest payments. It builds
equity more quickly than Hillary's mortgage.
- None of the answers are correct

Answers

The difference between Bill's mortgage and Hillary's mortgage (assuming all other things being equal) is that Bill's 30-year mortgage has a lower interest rate, lower payments, and lower overall interest payments. It builds equity more slowly than Hillary's mortgage.

A fixed-rate mortgage is a type of mortgage in which the interest rate stays the same for the life of the loan. It is one of the most traditional types of mortgage loans. They are usually the most common types of loans given to homebuyers. Fixed-rate mortgages usually come in 15-year or 30-year terms. In addition, they are available in other lengths as well. A conventional mortgage is a type of mortgage loan that is not backed by a government agency such as the Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA).

A conventional loan is a home loan that is not backed by the government, which means that the lender takes on the risk of the borrower defaulting on the loan. Equity is the value of your house minus the amount you still owe on the loan. It is essentially the amount of the house that you "own" outright. Over time, as you pay off your mortgage, your equity in the property will grow. Equity can be built in several ways, including making regular mortgage payments, making extra payments on the principal, and taking advantage of home price appreciation.

For more about Bill's mortgage:

https://brainly.com/question/17256555

#SPJ11

macon owes alexa $1,000 for work that alexa has satisfactorily performed. alexa transfers her right to receive this payment to katherine. katherine approaches macon for payment of the $1,000. in this scenario, katherine is the .

Answers

In this scenario, Alexa has assigned her right to receive payment from Macon to Katherine, making Katherine the assignee.

An assignment is a legal process where one party transfers their rights or benefits to another party. As the assignee, Katherine now has the legal right to demand payment of the $1,000 owed to Alexa for the work that she has satisfactorily performed. This means that Macon must pay Katherine the $1,000 instead of paying Alexa directly. Assignments are commonly used in business transactions and other legal agreements where parties may wish to transfer their rights or obligations to another party.

You can learn more about business transactions at

https://brainly.com/question/28390341

#SPJ11

Suppose that last year the equilibrium price and quantity of good X were $10 and 5 million pounds, respectively. Because strong demand this year, the equilibrium price and quantity of good X are $12 and 7 million pounds, respectively. Assuming that the supply curve of good X is linear, producer surplus: increased from $12.5 million to $24.5 million. increased from $4.2 million to $5.6 million. increased from $25 million to $42 million. increased from $3 million to $7 million.

Answers

Assuming that the supply curve of good X is linear, the producer surplus increased from $12.5 million to $24.5 million. The answer is that the producer surplus increased from $12.5 million to $24.5 million

The difference between the total revenue of the producers and their total variable costs is known as producer surplus.

It is the revenue that producers earn above the minimum amount necessary to continue producing goods and services at a given market price.

PS = Total revenue – Total variable costs

PS1 = Total revenue1 - Total variable costs1

PS2 = Total revenue2 - Total variable costs2

In this case, the price has increased from $10 to $12, which is why it is essential to determine the increase in quantity supplied and the slope of the supply curve for calculating the change in the producer surplus.

The change in the quantity supplied is 7 - 5 = 2 million pounds.

The slope of the linear supply curve:

Slope = (P2 - P1) / (Q2 - Q1)= ($12 - $10) / (7 million pounds - 5 million pounds)= $2 / 2 million pounds= $1 / 1 million pounds

Thus, the supply curve equation will be:

[tex]P = $10 + $1 * Q\\[/tex]

The producer surplus formula will be:

PS = Total revenue - Total variable costs

PS1 = $12.5 million

PS2 = Total revenue2 - Total variable costs2

Total revenue2 = P2 * Q2 = $12 * 7 million pounds = $84 million

Total variable costs2 = Total variable costs1 + additional variable costs

$12.5 million + $2 * 2 million pounds= $16.5 million

Thus, the producer surplus after the increase in demand will be:

PS2 = $84 million - $16.5 million= $67.5 million

Therefore, the producer surplus increased from $12.5 million to $24.5 million.

Learn more about surplus here:

https://brainly.com/question/26628903

#SPJ11

According to the _____ defense, a defendant may avoid liability by establishing that the plaintiff voluntarily and unreasonably encountered the risk of the actual harm that the defendant caused?Multiple Choicelast-clear-chanceassumption of the riskcontributory negligenceres ipsa loquiturnegligence per se

Answers

According to the assumption of the risk defense, a defendant may avoid liability by establishing that the plaintiff voluntarily and unreasonably encountered the risk of the actual harm that the defendant caused.

What is the assumption of the risk defense?

The assumption of the risk defense is used when a plaintiff is aware of the risks involved in an activity and voluntarily chooses to participate despite the risk. In such a case, the defendant can claim that the plaintiff assumed the risk and cannot hold the defendant liable for any injuries resulting from the activity.

To use this defense, the defendant must prove that the plaintiff voluntarily and unreasonably encountered the risk. The plaintiff cannot recover damages if the assumption of the risk defense is successful.

In conclusion, according to the assumption of the risk defense, a defendant may avoid liability by establishing that the plaintiff voluntarily and unreasonably encountered the risk of the actual harm that the defendant caused.

Learn more about assumption of the risk defense here:

brainly.com/question/21897362

#SPJ11

all business expense deductions are claimed as itemized deductions. (true or false)

Answers

All business expenses deductions are claimed as itemized deductions. False.

Business expenses are generally deductible if they are ordinary and necessary expenses incurred in carrying on a trade or business. The IRS allows taxpayers to deduct these expenses on their tax return either as itemized deductions on Schedule A or as deductions for adjusted gross income (AGI) on Schedule C or Schedule F, depending on the type of business entity.

Itemized deductions are deductions that taxpayers can claim on Schedule A of their tax return instead of taking the standard deduction. Itemized deductions may include certain types of business expenses, such as state and local taxes, mortgage interest, and charitable contributions. However, not all business expenses are itemized deductions.

Learn more about  business expense

https://brainly.com/question/14174618

#SPJ4

return to questionitem 17 required information pa6-5 (static) preparing a multistep income statement and computing the gross profit percentage [lo 6-6] skip to question [the following information applies to the questions displayed below.] big tommy corporation is a local grocery store organized seven years ago as a corporation. the bookkeeper prepared the following statement at year-end (assume that all amounts are correct, but note the incorrect format): big tommy corporation profit and loss december 31 debit credit net sales $ 404,000 cost of goods sold $ 279,000 salaries and wages expense 58,000 office expense 16,000 travel expenses 1,000 income tax expense 15,000 net profit 35,000 totals $ 404,000 $ 404,000 pa6-5 (static) part 2 compute the gross profit percentage. (round your answer to 1 decimal place.)

Answers

The gross profit percentage of Big Tommy Corporation is 30.9%.

The gross profit percentage of Big Tommy Corporation can be calculated by dividing the gross profit by net sales, then multiplying by 100. Gross profit is equal to the net sales minus the cost of goods sold. Therefore, the calculation is as follows:

Gross profit = Net sales - Cost of goods sold = $404,000 - $279,000 = $125,000

Gross profit percentage = (Gross profit / Net sales) x 100% = ($125,000 / $404,000) x 100% = 30.9%

Therefore, the gross profit percentage of Big Tommy Corporation is 30.9%.

To learn more about gross profit, refer below:

https://brainly.com/question/18567528#

#SPJ11

relative to the general journal, special journals are designed to record routine transactions is called

Answers

Relative to the general journal, special journals are designed to record routine transactions is called Subsidiary ledgers.

Special journals are designed to record routine transactions related to sales, purchases, and other financial operations. Special journals help to save time in the bookkeeping process. The general journal is a chronological record of accounting transactions classified into debits and credits. As a result, transactions in the general journal are recorded in the order in which they occur, and they can include any type of transaction that requires accounting entries. Special journals, on the other hand, are used to track specific types of transactions, such as purchases and sales.

Special journals are classified as follows:

Purchase Journal - A purchase journal is used to record credit purchases. Invoices, purchase orders, and checks for payment can all be recorded in this journal.Sales Journal - A sales journal is used to record credit sales. Sales invoices can be recorded in this journal. The sales journal is used for invoicing customers, which is a critical component of the sales process.Cash Receipts Journal - The cash receipts journal is used to record all cash transactions that are received. Each time a payment is received, a separate transaction is recorded in this journal.Cash Disbursements Journal - The cash disbursements journal is used to record all cash payments made. Any payment made by the company, including utilities, rent, and salaries, should be recorded in this journal.

Hence, relative to the general journal, special journals are designed to record routine transactions is called Subsidiary ledgers.

Learn more about "Special journals"; https://brainly.com/question/29523696

#SPJ11

In preparing a company's statement of cash flows using the indirect method, the following information is available:
Net income $59,000
Accounts payable decreased by $25,000
Accounts receivable increased by $32,000
Inventories increased by $12,000
Cash dividends paid $15,400
Depreciation expense $27,000
Net cash provided by operating activities was:
a. $51,000
b. $75,600
c. $141,000
d. $37,000
e. $17,000

Answers

The net cash provided by operating activities is $75,600. Thus, the correct answer is B.


To prepare the cash flow statement, there are two approaches, the direct and indirect method. Indirect method starts with the net income and then makes all the adjustments to that figure to arrive at the final cash flows provided by operating activities.

We know that:

Net income = $59,000Add: Depreciation expense = $27,000Subtract: Decrease in accounts payable = $25,000Add: Increase in accounts receivable = $32,000Add: Increase in inventories = $12,000

Thus, net cash provided by operating activities

= $59,000 + $27,000 - $25,000 + $32,000 + $12,000= $105,000

Subtract: Cash dividends paid = $15,400. So the final answer is:

= $105,000 - $15,400 = $75,600.

Net income is the starting point for calculating cash flows from operating activities in the indirect method. Therefore, the correct option among the given options is b. $75,600.

Learn more about net cash flows https://brainly.com/question/25716101

#SPJ11

Move the corresponding statements about the corporate diversification components to the correct position in the list. Unrelated Diversification Diversification most often tied to good performance BCG Growth-Share Matrix A tool used in corporate portfolio planning Related Diversification Tata is a conglomerate successfully using this Restructuring Restructuring Process of reorganizing activities to refocus a firm

Answers

Based on standard business operation and corporate diversification, the corresponding statements and their component include the following: Unrelated Diversification = Tata is a conglomerate successfully using this Restructuring. BCG Growth-Share Matrix = A tool used in corporate portfolio planning. Related Diversification = Diversification is most often tied to good performance. Restructuring = Process of reorganizing activities to refocus a firm.

What is Corporate Diversification?

Corporate Diversification is a term that is used to describe the strategic decision carried out by firms to address the strategic question regarding in which businesses the firm will compete.

Generally, corporate diversification allows a single-business company that expands its strategic scope by adding new businesses becomes a diversified, multibusiness company.

In this case, the correct matches are:

Unrelated Diversification = Tata is a conglomerate successfully using this Restructuring. BCG Growth-Share Matrix = A tool used in corporate portfolio planning. Related Diversification = Diversification is most often tied to good performance. Restructuring = Process of reorganizing activities to refocus a firm.

Hence, in this case, it is concluded that corporate diversification is a potent tool for business firms willing to grow.

Learn more about Corporate Diversification here: https://brainly.com/question/18647091

#SPJ1

identify whether each macroeconomic variable is an example of a withdrawal or an injection. then, determine the value of investment at equilibrium. all values are in billions of dollars.

Answers

The value of investment at equilibrium is $380 billion.

Withdrawals consist of saving, taxes, and imports, while injections include government spending, exports, and investment.

Withdrawals: Saving + Taxes + Imports

Injections: Government Spending + Exports + Investment

Given information:

Saving = $760 billion

Taxes = $2850 billion

Imports = $2660 billion

Government Spending = $3800 billion

Exports = $2090 billion

Withdrawals = $760 + $2850 + $2660 = $6270 billion (Withdrawal)

Injections = $3800 + $2090 + Investment

At equilibrium,

Withdrawals = Injections:

$6270 billion = $3800 + $2090 + Investment

Solving for Investment:

Investment = $6270 billion - $3800 - $2090

= $380 billion

Therefore, the value of investment at equilibrium is $380 billion.

Learn more about investment here:

https://brainly.com/question/30105963

#SPJ12

Most probably, your complete question is this:

Identify whether each macroeconomic variable is an example of a withdrawal or an injection. Then, determine the value of investment at equilibrium. All values are in billions of dollars.

Withdrawal Injection saving = $760

government spending = $3800

imports = $2660

exports = $2090

taxes = $2850

investment = ?

investment at equilibrium: $............... billion.

Employees adopt new behaviors and attitudes during the ___________ stage, although they will need training and practice before the new ways of doing things become automatic.

Answers

Employees adopt new behaviors and attitudes during the implementation stage, although they will need training and practice before the new ways of doing things become automatic.

Implementation is the point at which a change is fully implemented and embedded in the organization's systems and culture. During this stage, employees must adapt to the changes by changing their habits and methods of working. Training can be given to help employees adjust to the new system, and incentives may be provided to encourage them to do so.

Although they will require training and practice before the new methods of doing things become automatic, employees can adopt new behaviors and attitudes during the implementation phase.

For more info on the topic training check the below link:

https://brainly.com/question/26270137

#SPJ11

which type of learning involves reading a text to learn languages, business etiquette, and the history of a country?

Answers

The type of learning which involves reading a text to learn languages, business etiquette, and the history of a country is known as academic learning.

What is academic learning?

Academic learning is a type of learning that occurs in academic settings, such as schools or universities, and is frequently linked with advanced or higher-level education.

It is the learning that is required for students to progress to the next level of their education, whether it be from one grade level to the next, from high school to college, or from college to a higher degree.

Acquiring a new skill is an example of academic learning. Reading a book on history to improve your knowledge of a country is another example. This type of learning is linked to the traditional classroom environment, which emphasizes reading, writing, and the acquisition of new knowledge.

Academic learning occurs in a controlled and structured environment, and it is assessed and evaluated by teachers or other qualified instructors.

Learn more about academic learning here:

brainly.com/question/24959987

#SPJ11

Other Questions
My favorite sports team lost the game. Can I sue the opposing team for emotional trauma? High Levels Of Citric Acid Inhibit The Enzyme Phosphofructokinase, A Key Enzyme In Glycolysis. Citric Acid Binds To The Enzyme At A Different Location From The Active Site. This Is An Example Of Select One: A. The Specificity Of Enzymes For Their Substrates. B. Positive Feedback Regulation. C. An Enzyme Requiring A Cofactor. D. Allosteric Regulation.E. copetitive inhibition write a short story ending with moral Where there is a will, there is a way carnival cruises is drastically discounting cabins on its next caribbean cruise because all the cabins are not currently sold. this discounting is most likely due to which factor of services? Review the passage. Thepersonification is shown in bold.It is my first morning of high school.I have seven new notebooks, a skirtI hate, and a stomachache. Theschool bus wheezes to mycorner. The door opens and I stepup. I am the first pickup of the day.The driver pulls away from the curbwhile I stand in the aisle. Where tosit?From Laurie Halse Anderson, Speak.Copyright 1999 by Laurie Halse AndersonWhat is the effect of thepersonification on the passage'smeaning or tone? the world's best coffee beans come from costa rica. therefore, the more costa rican beans in a blend of coffee, the better the blend; and no company purchases more costa rican beans than superior coffee. which positioning strategy is the company demonstrating? 3The ratio of desktop computers to laptop computers sold bya mail-order company last week was 8 to 3. What could bethe numbers of computers sold by the company last week?ABCD448 desktops, 168 laptops448 desktops, 165 laptops440 desktops, 168 laptops400 desktops, 165 laptops in eukaryotes, transcription occurs in the , whereas translation takes place in the . DIFFICULTIES OF SPEAKING IN ENGLISH OF SELECTED TOURISM STUDENTS IN BESTLINK COLLEGE OF THE PHILIPPINES SY 2022-2023 Can you put dependent variable here for research plsss nee asap noww The default section of a switch statement performs a similar task similar to the ______ portion of an if/else if statement. a. conditional b. break c trailing else. What is one enduring issue of imperialism? an inner city revitalization zone is a rectangle that is twice as long as it is wide. the width of the region is growing at a rate of 32 m per year at a time when the region is 220 m wide. how fast is the area changing at that point in time? QUESTION THREE (30 Marks) a) For a group of 100 Kiondo weavers of Kitui, the median and quartile earnings per week are KSHs. 88.6, 86.0 and 91.8 respectively. The earnings for the group range between KShs. 80-100. Ten per cent of the group earn under KSHs. 84 per week, 13 per cent earn KSHs 94 and over and 6 per cent KShs. 96 and over. i. Put these data into the form of a frequency distribution and obtain an estimate of the mean wage. 15 Marks one ticket is drawn at random from each of the two boxes below: 1 2 6 1 4 5 8 find the chance that the both numbers are even numbers. From what you know of fascism, why were the Nazis so opposed to expressionist works like Dr. Caligari and so strongly supportive of neoclassical works like Olympia? Provide evidence to support Claims. Roughly 80% of population growth over the next two decades in the United States is projected to come from a combination of which of the following groups? (Choose every correct answer.)African AmericansAsiansHispanics clostridium tetani, the bacterium that causes tetanus, can only survive in soil away from oxygen. it is considered which of the following? what immediately follows the start frame delimiter in an ethernet frame? Alberto plans to apply for a car loan. When should he check his credit report?a) 1 week before applying for the loanb) 1 month before applying for the loanc) Around 3 to 6 months before applying for the loand) He does not need to check his credit report Find X using the picture below.