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From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $14 million in withdrawals from other banks' ATM machines. On average, noncustomers earn a wage of $24 per hour and pay ATM fees of $3.00 per transaction. It is estimated that banks would be willing to maintain services for 6 million transactions at $1.00 per transaction, while noncustomers would attempt to conduct 22 million transactions at that price. Estimates suggest that, for every 1 million gap between the desired and available transactions, a typical consumer will have to spend an extra minute traveling to another machine to withdraw cash.
1. Based on this information, what would be the nonpecuniary cost of legislation that would place a $1.00 cap on the fees banks can charge for noncustomer transactions?
Instructions: Round your answer to the nearest penny (2 decimal places).$
2. What would be the full economic price of this legislation?
$
Answers
a. Nonpecuniary cost of legislation that would place a $1.00 cap on the fees banks can charge for noncustomer transactions is: $6.40.
b. The full economic price of this legislation is: $7.40 per transaction.
Equilibrium price, Pe = $3.00 per transaction
Opportunity cost = $24 per hour
Ceiling price, C = $1.00 per transaction
First step is to calculate the Shortage in transaction volumes
Shortage in transaction volumes =22million - 6million
Shortage in transaction volumes =16million
Second step is to calculate the time lost in 16million of shortage transaction
Time lost= (16mn x 1 minute)/60
Time lost= 16 minutes /60
Third step is to calculate opportunity cost of 16 minutes which is the non pecuniary cost of legislation
Opportunity cost = $24 per hour x 16 / 60
Opportunity cost = $6.40
b. Full economic price of this legislation:
Full economic price of this legislation= Ceiling price + Opportunity cost
Full economic price of this legislation = $ 1.00+$6.40
Full economic price of this legislation = $7.40 per transaction
Inconclusion the Nonpecuniary cost of legislation is $6.40 and the full economic price of this legislation is $7.40 per transaction.
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Warner Company has $196,000 of total fixed costs and sells products A and B with a product mix of 40% A and 60% B. Selling prices and variable costs for A and B result in contribution margins per unit of $8 and $4, respectively. Compute the break-even point. Enter product mix answers in decimal form. Round weighted average unit contribution margin to two decimal places, if applicable.
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The break-even point of Warner Company is 3,500 units.
Here, we are going to calculate the break-even point of Warner Company.
Product Product Mix Contribution margin Weighted Average unit
[1] per unit[2} contribution margin[1*2]
A 40% $8 $3.2
B 60% $4 $2.4
Total $5,6
Formula for Break Even point is Fixed cost / Weighted average unit contribution margin
Break-even point = $196,000 / $5,6
Break-even point = 3,500 units
Therefore, the break-even point of Warner Company is 3,500 units.
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Five fishermen live in a village and have no other employment or income-earning possibilities besides fishing. They each own a boat that is suitable for fishing but which has no resale value. Fish are worth $5 per pound, and the marginal cost of operating the boat is $500 per month. The fishermen all fish a river next to the village. According to the following schedule, the fishermen have determined that, when there are more of them out on the river fishing, they each catch fewer fish per month.
Boats Fish Caught per Boat (pounds)
1 200
2 190
3 175
4 155
5 130
If each fisherman acts in his own best interest, will he continue to operate his boat each month? Why or why not?
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Answer:
Answer : Per boat operating cost = $500 per month.
Price of fish = $5 per pound.
There are 5 fishermen and each fisherman has 1 boat.
Explanation:
sorry its too short my brain is ded xD
Each fisherman will continue operating their boat each month despite decreased fish catches, as the positive profits outweigh having no income.
Profit = (Fish Caught per Boat × Price per Pound) - Marginal Cost
Fisherman 1: Profit = (200 × $5) - $500 = $500
Fisherman 2: Profit = (190 × $5) - $500 = $450
Fisherman 3: Profit = (175 × $5) - $500 = $375
Fisherman 4: Profit = (155 × $5) - $500 = $275
Fisherman 5: Profit = (130 × $5) - $500 = $150
Each fisherman will continue operating his boat each month even though there are more fishermen using the river, catching fewer fish per boat because the positive profits from fishing ($5 per pound) outweigh the marginal cost of boat operation ($500 per month) ensuring some income.
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#SPJ3
Which is not a type of payroll deduction?
O A. Retirement account contribution
O B. Clothing expenses
O C. State taxes
D. Health insurance premium
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B. Clothing expenses
Answer B. Clothing expenses
Explanation:
You are considering buying stock A. If the economy grows rapidly, you may earn 35 percent on the investment, while a declining economy could result in a 10 percent loss. Slow economic growth may generate a return of 3 percent. If the probability is 14 percent for rapid growth, 17 percent for a declining economy, and 69 percent for slow growth, what is the expected return on this investment
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Answer:
A x 0.03 = R
Explanation:
Replace the variable A i use for the cost of the stock
R = Return
A x 0.03 = R
Due to slow growth being expected (69% probability), then you use the 3% for slow, and therefore do the price of Stock A x 0.03 to find out the gain from the start.
what is job specification?
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Answer: A section in a job advertisement that details the type of person a company is looking for. Things in a job specification include: skills, qualities, qualifications, education and previous experience
Explanation:
Demand and supply (economics)
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Answer: B (second option)- The market is in equilibrium.
Explanation:
Not sure if its correct, if its not im sorry, but I got it correct on edg 2021
As an Austrian–Thai company, Red Bull has done a remarkable job of positioning itself internationally by coming across as a local company in every country where Red Bull is sold. Would you be more or less likely to buy Red Bull knowing the brand is Austrian but with a strong Thai influence? Does it generally matter to consumers where a product originates from?
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The origination of a product doesn't really matter when the company's brand plays an important role in the improvement of sales.
A brand refers to the business concept or the marketing concept that's used by people to identify a product. A brand is important as it makes one unique from other companies.
The fact that the brand of Red Bull is Austrian but has a strong Thai influence can't have a negative effect on the sales or the revenue of the company since the brand is well-known and has an international customer base.
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Hugh has experience as a firefighter and a degree in chemistry. What company might be interested in hiring Hugh
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Considering Hugh's experience as a firefighter and a degree in chemistry, the company that might be interested in hiring Hugh is "Fire Protection System Suppliers."
This is because Fire Protection System Suppliers are the companies that provide, manufacture or sell fire fighting products and equipment.
With his knowledge of chemistry, Hugh would understand and know the right chemical and equipment to use in fighting fire faster.
Some of the Fire Protection System Suppliers in the United States include the following:
Koetter Fire Protection, Amerex Corp., Telgia, USA Fire Protection, etc.
Hence, in this case, it is concluded that the correct answer is Fire Protection System Suppliers.
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Answer: A State Agency Looking For A Fire Inspector
Explanation: i just took a quiz and that was the right answer
In a market economy, prices are the signals that guide the allocation of scarce resources.
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Answer:
True
Explanation:
Explain collaborative ,planning,forecasting and replenishment each scenario briefly and indicate how they benefit supply chain partners,
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Explanation:
collarborating is working together to achieve a common goal
First month plus a security deposit is an example of this operating expense.
Equipment
Rent
O Fixtures
Advertising
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Answer:
Your answer would be "Rent"
Explanation:
Hope I was able to help ! Have a great day :)
Multiply 3.85% x $45,076 *
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What principle of corporate governance requires companies to operate in ways that respect the social and legal relationships they have with employees and creditors, among others?
A. Interests of other stakeholders
B. Integrity and ethical behavior
C. Integrity and ethical behavior
D. Disclosure and transparency
Answers
Answer:B
Explanation:
Gay and Joy developed a neat Bento box for children. The shape of the containers encourages healthy eating, and it is very popular. They have been paying another company to manufacture the boxes for them but are interested in manufacturing the boxes themselves. They’ve developed the following cost estimates:
Sales (100,000 units) $ 1,000,000
Costs: Fixed Variable
Raw Materials $ 0 $ 300,000
Direct Labor 0 200,000
Factory Costs 100,000 150,000
Selling and Administrative
Costs 110,000 50,000
Total Costs $ 210,000 $ 700,000
Operating Income $ 90,000
1. How many units will Gay and Joy need to sell to breakeven?
Answers
If Gay and Joy developed a neat Bento box for children. The shape of the containers encourages healthy eating, and it is very popular. How many units will Gay and Joy need to sell to breakeven is: 70,000 units.
First step is to determine the selling price
Selling price = $1,000,000 / 100,000 units
Selling price = $10
Second step is to determine the Variable cost per unit
Variable cost per unit =$700,000 / 100,000 units
Variable cost per unit = $7
Third step is to calculate the Contribution margin per unit using this formula
Contribution margin per unit = Selling price - Variable cost
Let plug in the formula
Contribution margin per unit = $10 - $7
Contribution margin per unit = $3
Fourth step how many units will Gay and Joy need to sell to breakeven
Using this formula
Break even= Fixed cost / Contribution per unit
Break even = $ 210,000 / $3
Break even =70,000 units
Inconclusion if Gay and Joy developed a neat Bento box for children. The shape of the containers encourages healthy eating, and it is very popular. How many units will Gay and Joy need to sell to breakeven is: 70,000 units.
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Provided travel services to group of travelers; they paid $22,500 now and will pay $4,500 later
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Recording the transaction of providing travel services to the travelers, who paid $22,500 with a balance of $4,500 in the books of the Travel Services Corporation include:
Journal Entries:
Debit Cash $22,500
Debit Accounts Receivable $4,500
Credit Service Revenue $27,000
To record the provision of travel services for cash and on credit.Data Analysis:
Cash $22,500 Accounts Receivable $4,500 Service Revenue $27,000
Thus, the total service revenue recorded for this transaction is $27,000.
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Please answer need help asap
Answers
Answer:
Machinery
Explanation:
The people who live on Shangri-La Island consume only rice and fish. Last year, which was the reference base year, the price of rice was $ a pound, the price of fish was $ a pound, and the average urban household spent $ on rice and $ on fish. This year, the price of rice is $ a pound and the price of fish is $ a pound. What is the CPI in the current year?
Answers
The CPI in the current year is 226.9.
The consumer price index measures how the cost of a basket of goods in a given economy has changed over a given period of time. Changes in the cost of the basket of good occurs as a result of inflation.
CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100
The basket of goods for the people of Shangri-La Island are fish and rice. The cost of a basket of good = average amount spent on fish + average amount spent on rice
Cost of basket of goods last year = $20 + 6 = $26
Cost of basket of goods this year = (price of fish this year x quantity of fish bought) + (price of rice this year x quantity of rice bought)
($7 x 2) + ($9 x 5) = $59
CPI in the current year = ($59 / $26) x 100 = 226.9
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At Dec. 31 Gill Co. reported accounts receivable of $238,000 and an allowance for uncollectible accounts of $600 (debit) before any adjustments. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 3% of accounts receivable. The amount of the adjustment for uncollectible accounts would be:
Answers
Answer:
to make the money
Explanation:
case study on sustaining customers
Answers
Answer:
http://fernfortuniversity.com/hbr/case-solutions/14933-sustaining-customer-centricity-at-.php
Explanation:
theres one there :/
Investor A has an initial wealth of $100 and a utility function of the form: U(w) = log(w) where w is her wealth at any time. Investment Z offers her a return of −18% or +20% with equal probability. i. What is her expected utility if she invests nothing in Investment Z? ii. What is her expected utility if she invests entirely in Investment Z? iii. What proportion a of her wealth should she invest in Investment Z to maximize her expected utility? What is her expected utility if she invests this proportion in Investment Z?
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With this initial investment of 100, the investors utility if she invests nothing is 2. If she invests entirely her utility is 2.00432
From the available question, these are the the solutions from option (i) to (iii)
i.) We have utility defined as
U(w) = log w
w = 100
[tex]Utility=log(100)[/tex]
= 2
ii) If she invests entirely in Z, utility:
[tex]return*probability\\[/tex]
-18% x 50% = -9%
20% x 50% = 10%
-9% + 10% = 1%
w = 100 + 1
= 101
[tex]Utility = log(101)[/tex]
= 2.00432
This is her utility if she invests entirely in Z.
iii) This investor has these two choices:
invest in zleave resources idleIf she invests in z she gets a 1% increase. Therefore her wealth increases or is maximum when she invests in Z.
Her utility if she invests this proportion in Z is the same as what was solved in (ii) above.
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Nakya Norman: Attempt 1
Question 3 (2 points)
Payton recently purchased 100 shares of stock in Game Guys, Ine: Paytda is
an) ________ of this company.
A)
owner
e
OB) creditor
OC) manager
D)
partner
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Answer: Of course the owner
STATE THE MODULES THAT ARE INCLUDED WHEN LEARNING ECONOMICS.
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Answer:
Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources. ... The building blocks of economics are the studies of labor and trade.
An investor already has some money invested in Company A. She does not have any shares of Companies B and C. She has some extra money available, and she is deciding in which company to invest this extra money right now. The investor beliefs that the following scenarios are likely to occur one year from now:
a. With probability 1/2 the price of one share of Company A will be $100, one share of Company B will be $200, and one share of company C will be $50.
b. With probability 1/2 the price of one share of Company A will be $50, one share of Company B will be $400, and one share of company C will be $25.
In order to diversify her portfolio, the investor should invest in assets that have returns. In this case, the investor should use her extra money to purchase shares from company's: _____________
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Which QuickBooks Online report answers the common business question: "Who owes me money?"
Answers
Answer:
Accounts Receivable Aging report.
Explanation:
Because you're receiving money.
i need answers right no
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Answer:
what's the whole question
I can't understand
The hazard management process consists of a number of activities designed to reduce loss of life and destruction of property. Natural hazard management has often been conducted independently of development planning. A distinctive feature of OAS technical assistance is the integration of the two processes.
1. The text (page. 220-221) tells the story of Mr. Jones who sues Mr. Smith for taking his briefcase even though he loses a significant amount of money. It also tells the story of why Mr. Jones will make Mr. Smith an offer above the rational choice prediction if they are considering a joint venture where both must participate or the venture fails. Explain what is causing these deviations from rational choice theory and why some knowledge of the person you are dealing with is important. (20 points)
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These deviations are likely to be caused by emotions and it is important to have information about the person you are dealing with to favor your interests and make the best decision.
The Rational Choice Theory states:
A person will always make decisions to favor himself or herselfDecisions are based on rational calculationsDespite this, individuals might make irrational decisions if:
Emotions External factorsIn the case of Mr. Jones, he makes an irrational decision because by suing Mr. Smith he loses more money. This is likely motivated by emotions such as a desire for justice or a desire to revenge.
Moreover, in this situation, it is shown Mr. Jones does not have enough information about the person he is dealing with (Mr. Smith) and this lack of knowledge does not allow him to make the best decision possible.
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At the profit-maximizing output rate, what is the average total cost?
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16. A est is NOT showing ons of intoxication but a server who has been monitoring the rest is concerned about the number of drinks the quest has consumed. What should the server do in this situation?
Continue serving the guest but stop when the guests how’s signs of intoxication
Continue serve the guest because he or she can deally handle more alcohol than the average person
stop sere koho to the puest because the post may have a tolerance to alcohol
Ask the quest to leave the establishment immediately
Answers
Answer:
Some of the choices seem to have some spelling mistakes but:
The server should stop serving alcohol and if the guest becomes combative/belligerent, ask the guest to leave.
Explanation:
Signs of intoxication might not be immediate, so after a few drinks, the server should stop serving. If the man is a disturbance/combative, the server should call the police department.
There are good ways to handle quest. The server should continue serving the guest but stop when the guests show’s signs of intoxication.
There are different ways to handle an intoxicated customer in a restaurant. The best way is to offer the customer some coffee or food, as a replacement for a drink.
Do call a cab or order a ride home for the customer and never let them drive. Note that a customer may becomes angry, but be patient and escort them outside of the restaurant and call the police if it becomes more than you can handle.
Note that you should not stop serving the guest unless there is signs of intoxication as it will be very rude to do so without any signs shown by the guest.
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2. There is no way to resolve the conflict between commercial business goals and those of social innovation. True or False?
a. True
b. False
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There is no way to resolve the conflict between commercial business goals and those of social innovation. Social innovation follows a different process to more commercial forms of innovation. Whilst empathy and a need for social justice may be necessary attributes of a social entrepreneur, they are not sufficient. so true.
