1) Government regulation like licensing requirements create barriers to entry prevents new
firms from developing and marketing products and services. This is done presumably to ensure
high standards for those industries that require licenses. However, often times it can create a
dearth of individuals allowed to do the job. How stringent should licensing requirements be for
the following groups:
1. Physicians
2. Attorneys
3. Teachers
4. Accountants
5. Architects
6. Taxi drivers
Discuss this with regard to market entry and exit, market power like monopolies and
oligopolies, as well as with regard to complaints that licensing requirements often do not match
the monetary gains of certain professions.
2) Think of an industry that has only a small handful of competitors in the market. How do
these types of organizations maintain market dominance? What risks do the individual firms in
your chosen industry take in an oligopoly dominated industry?
The level of stringency which a government can have for licencing requirements for the aforementioned groups is:
It should be high because the high standards should be maintained as these occupations, with the exception of taxi drivers are absolutely necessary to the social shaping of a community or nation.What are Government Regulations?This refers to the rules and laws which a government of a country places on certain things and areas so that there can be measures of quality.
With this in mind, we can see that in non essential areas that requires low to no skill sets, then the licencing requirements should be made low to encourage more participation, but at the same time, monitoring should be enforced to ensure that they are not acting out of bounds.
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A restaurant uses the ratio method of pricing. It has annual nonfood costs of $675,000 and desires a profit of $125,000. Last year the restaurant spent $367,000 on food costs. What will be the selling price of an item with food cost of $6.00?
Based on the ratio pricing method, the selling price of an item with food cost of $6 would be $13.08.
What is the ratio pricing method?The ratio pricing method is used to determine the price of menu items. It is calculated by adding non food costs to the desired profit and dividing the sum by food cost. This value is then multiplied by the standard food cost.
Ratio pricing method = [(non food cost + desired profit) / food cost] x standard food cost
= [($675,000 + $125,000) / $367,000] x $6 = $13.08
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the part of mosquito i
s called
Answer:
thorax is the part of mosquitoes
Klaus, a German citizen and non-resident for US tax purposes, owns a small business in New York City that imports and sells accessories for various German-manufactured automobiles. Once a month, the business pays its net profits back to Klaus in Germany. The income from this business will be classified as:____.
a. effectively connected income.
b. fixed and determinable.
c. annual or periodic income.
Kenny is a college student working a part-time job as a mechanic at a local body shop Kenny earns an average of $25 per hour, working 20 hours per week . Kenny pays his health insurance of $2,200 per year and taxes of $1,000 per year What is his net annual pay? And net monthly pay rounded to the nearest dollar?
Kenny's net annual pay is $22,800.
Kenny's net monthly pay is $1900.
What is Kenny's net annual pay?Kenny's net annual pay is her gross pay less any deductions such as insurance and taxes.
Kenny's net annual pay = gross pay - health insurance - taxes
Gross pay = $25 x 20 x 52 = $26,000
Kenny's net annual pay = $26,000 - $2200 - $1000 = $22,800
Kenny's net monthly pay = $22,800 / 12 = $1,900
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Give any two reasons for the existence of the public sector
Answer:
to earn government revenue
to create employment
Revocation of an offer is valid once it is __________________.
A. placed in the mail received by offeree (the person receiving the offer)
B. received by offeror (the person making the offer)
C. created
Revocation of an offer is valid once it is B. received by the offeror (the person making the offer), meaning that it has been communicated to the other party by the offeree.
What is the revocation of an offer?The revocation of an offer is the nullification or canceling of an offer by the offeree. It becomes effective when the offeree communicates to the offeror before acceptance.
Once the revocation has been communicated, the offer is no longer considered valid and cannot legally be accepted. The implication is that revocation goes into effect immediately it has been communicated to the relevant party.
Thus, revocation of an offer is valid once it is B. received by the offeror.
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Revocation of offer is valid once it is received by the offer or that is the person making the offer.
What is Revocation of an offer?Revocation of offer refers to the process of withdrawing former offer use for any form legally binding contract engagement. The former offer would have become legally binding if the other party had formally agreed to the offer.
Once, Revocation of offer has been communicated, it is no longer conferred valid and legal again.It cannot be accepted.
Therefore, Revocation of offer is valid once it is received by the offer or that is the person making the offer
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A goal of management is to increase a company's ______, while a goal of labor unions is to provide a fair share of profits to their ______.
A goal of management is to increase a company's profit, while a goal of labor unions is to provide a fair share of profits to their members.
What is profit?Profit can be defined as gain, especially when achieved by increasing the price of goods. This means that money paid by consumers outweighs the cost for the producer, leaving a sizeable return on what has been paid out.
Once expenses and costs have been covered, profit is the money left over.
Hence, the goal of management is to increase a company's profit, while a goal of labor unions is to provide a fair share of profits to their members.
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Answer:
profit ; members
Explanation:
Patrice is working with a team of coworkers trying to brainstorm a new product line. Jonathan thinks they should come up with a new candy. Mateo thinks they should create a new toy. Cynthia thinks they should sell a new clothing item. How can Patrice BEST help solve this debate and help the team make a decision?
Patrice could help resolve the debate in brainstorming by guiding your team to consider all available options to create a new product line and identify the best option that will lead a company to be well positioned in the market.
What is brainstorming?It corresponds to a technique that helps in the emergence of creative solutions. It is carried out through a team meeting where each member must contribute with ideas and insights for new organizational strategies.
Therefore, it is essential that, in order to be effective, a brainstorming session must be led by a leader who has the role of mediating the meeting by promoting integration and cooperation to generate greater focus on the needs of the company.
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Cala Manufacturing purchases land for $455,000 as part of its plans to build a new plant. The company pays $41,600 to tear down an old building on the lot and $61,496 to fill and level the lot. It also pays construction costs of $1,675,600 for the new building and $105,769 for lighting and paving a parking area.
Prepare a single journal entry to record these costs incurred by Cala, all of which are paid in cash.
The preparation of a single journal entry to record these costs incurred by Cala Manufacturing is as follows:
Journal Entry:Debit Land $455,000
Debit Land (Demolition of the old building) $41,600
Debit Land (Filling and leveling the lot) $61,496
Debit Building $1,675,600
Debit Pavement and Parking lot $105,769
Credit Cash $2,339,465
To record the costs incurred for land, building, pavement, and parking lot.Data Analysis:Land $455,000
Land (Demolition of the old building) $41,600
Land (Filling and leveling the lot) $61,496
Building $1,675,600
Pavement and Parking lot $105,769
Cash $2,339,465
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MegaMouth Inc. Produces two megaphone models, the Boomer and the Blaster. The company makes 15,000 units of the Boomer model and 16,400 of the Blaster model each year. MegaMouth inspects 1 Boomer for every 100 produced and 1 Blaster for every 80 produced. The company expects $11,360 in total inspecting costs for the coming year. What amount of the inspecting costs should be allocated to the Blaster model under activity-based costing
The amount that should be allocated to the Blaster model under activity-based costing is $6560.
How to calculate the costing?Firstly, the total inspections for Boomer will be:
= 1/100 × 15000
= 150.
The total inspections for Blaster will be:
= 1/80 × 16400
= 205
Total inspections = 150 + 205 = 355
Therefore, the cost will be:
= $32 × (11360/355)
= $6560
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Costs and benefits that should be ignored when making decisions are called ______ costs and benefits.
The first step in making a choice is to define the issue at hand. When making judgments, related costs and benefits should be evaluated. When making judgments, extraneous costs and advantages should be overlooked.
At a listing appointment, the seller asks the broker not to disclose the prior termite treatment and repairs since they are now corrected. The broker should
The broker should insist that the seller disclose these facts to any potential purchaser since there were prior termite treatment and repairs but whuch have been now corrected.
What is the principle behind the disclosure?The principle of Caveat emperor ensured that there is absolute disclosure between a buyer and seller.
In conclusion, the broker should insist that the seller disclose these facts to any potential purchaser.
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Immigrants to hawaii and alaska most frequently come from what country?.
The top countries of origin for immigrants were the Philippines (45 percent of immigrants), China (9 percent), Japan (8 percent), Korea (6 percent), and the Marshall Islands (4 percent).
Which car that gm manufactured had issues similar to the pinto?.
Answer: Malibu.
Explanation:
The cargo ship felicity ace sank in the north atlantic, taking $400 million worth of what with it?.
Answer:
$400,000,000 of CarsThe exact number of the cars were 4,000, and all their costs were $438 million to be more specific. It sank off the coast of the Portuguese Azore's Archipelago.
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Answered by: FieryAnswererGT
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In two or three sentences, describe how you would use some of the budgeting tools to help manage your money.
Answer:
Budgeting tools provide notifications and reminders to help us keep track of our spending and savings.
Explanation:
We may use a budgeting program to keep track of how much we spend. Budgeting tools can assist us in reducing undesirable and unneeded spending. It can also help us be more disciplined with our spending and save more money. We may set up notifications or reminders to help us keep track of our spending.
As a member of the creative team, Lisa is responsible for the nonverbal elements of the message that determine the visual look of the ad. Lisa is a(n)
Based on fact that Lisa is responsible for the nonverbal elements, Lisa is most likely the Art director.
What does the art director do?This is a person who is in charge of the artistic elements of the ad and message that accompanies the ad.
These elements are nonverbal and are meant to add to the visual look of the ad.
In conclusion, Lisa is the art director.
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Does everyone on brainly homeschool? This is a survey out of my own curiosity!
Answer: This is my first year in homeschool
Explanation:
The eu has benefited firms in its member nations because.
Answer:
firms do not need to market their products and services on a nation-by-nation basis. The EU has benefited its member nations because firms do not need to market their products and services on a nation-by-nation basis.
The hospitality and tourism industry makes up the entire service industry.
O True
O False
Answer:
True. Let me know if this works :)
Which of these is not a benefit of working as a team? a. Improved morale b. Increased productivity c. Improved communication d. Increased personal workload Please select the best answer from the choices provided A B C D.
The option that is correct about not the benefit of team working is to increased personal workload.
What are the benefits of teamwork?Teamwork is the process of doing the work with more than one person or employee in the organization. It is mainly used in large organizations to reduce the workload of the employees.
The benefits of teamwork are as follows:
Teamwork increases the productivity of the management.It makes the work on time.It improves the morale of all the employees in the organization.It improved communication power.It reduced the group workload among the employees.
Therefore, the correct option is D.
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Answer:
D
Explanation:
Strategic business units that compete in a low-growth market but hold considerable market share are called ________. Their earnings and cash flows are high and stable.
Strategic business units that compete in a low-growth market but hold considerable market share are called Cash Cows because their earnings and cash flows are high and stable.
What is the Cash Cow?The cash cow is a quadrant in the BCG matrix that shows that a unit has a consistently profitable business and possesses the following characteristics:
Competes in a low-growth market.Holds considerable market share.High and stable cash flows and earnings.Thus, the strategic business unit with the above characteristics is a cash cow.
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Many staffs are utilizing critical paths for their lines of operation that culminate in a decision venue for the commander to achieve integrated action; however, these targeting efforts may be unaligned. This leads to...
When directing efforts are not aligned on critical paths for integrated actions, this leads to the need to synchronize actions assigned to each operational level and delegate tasks in detail at the tactical level to subordinates and stakeholders.
Why is the integration of activities essential?It is essential to direct and coordinate activities in an objective, clear and dynamic way, because in an organization, there is a systematization of integrated processes that together help to achieve objectives and goals.
Therefore, effective communication at all operational levels is essential to ensure the integration of organizational activities in order to achieve total process quality.
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Jenna began the year with a tax basis of $26,000 in her partnership interest. Her share of partnership debt consists of $8,000 of recourse debt and $15,000 of nonrecourse debt at the beginning of the year and $8,000 of recourse debt and $20,000 of nonrecourse debt at the end of the year. During the year, she was allocated $44,000 of partnership ordinary business loss. Jenna does not materially participate in this partnership, and she has $7,000 of passive income from other sources. A) How much of Jenna’s loss is limited by her tax basis?
B) How much of Jenna’s loss is further limited by her at-risk amount?
C) How much of Jenna’s loss is further limited by the passive activity loss rules?
The amount of loss limited by Jenna’s tax basis is $18,000; the amount of Jenna’s loss that is further limited by her at-risk amount is $15,000; and the amount of Jenna’s loss that is further limited by the passive activity loss rules is $4,000.
Calculations of The Amount of Loss Limited Tax Basis, At-Risk Amount, and Passive Activity Loss RulesA) The amount of loss limited by Jenna’s tax basis can be calculated as follows:
Amount of loss limited by Jenna’s tax basis = Loss allocated to Jena – Jena’s Tax Basis
Amount of loss limited by Jenna’s tax basis = $44,000 - $26,000
Amount of loss limited by Jenna’s tax basis = $18,000
B) The amount of Jenna’s loss that is further limited by her at-risk amount can be calculated as follows:
Amount of Jenna’s loss that is further limited by her at-risk amount = At-risk limitation - Amount of loss limited by Jenna’s tax basis ……………… (1)
Where:
At-risk limitation = Loss allocated to Jena – At-risk amount limitation = Loss allocated to Jena - (Tax basis – Nonrecourse Debt) = $44,000 - ($26,000 - $15,000) = $33,000
Substituting the relevant values into equation (1), we have:
Amount of Jenna’s loss that is further limited by her at-risk amount = $33,000 - $18,000 = $15,000
C) The amount of Jenna’s loss that is further limited by the passive activity loss rules can be calculated as follows:
Amount of Jenna’s loss that is further limited by the passive activity loss rules = At-risk amount limitation - Passive income = Tax basis – Nonrecourse Debt) – Passive income = ($26,000 - $15,000) - $7,000 = $4,000
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A data ________ is a repository of historical data that are organized by subject to support decision makers in the organization.
Answer:warehouse
Explanation:
Why is it important that a budget be balanced? If your budget does not
balance, what can you do to bring it into balance?
Answer:
decreases interest rates, increases investment, shrinks trade deficits and helps the economy grow faster in the longer term.
The term used to describe a debt secured by a bidder for the purpose of providing a guarantee that the successful bidder will accept the contract once awarded, is known as.
A bid bond is a debt secured by a bidder for the purpose of providing a guarantee that the successful bidder will accept the contract once awarded.
What is a bid bond?A bid bond is a guarantee that ensures that approved bidded contractors starts and finishes a job. This type is usually called a construction bond aimed at protecting the owner or developer usually in a construction bidding process.
With this bid bond, the successful bidder will know that the developer is under a financial security and will ensure he follows due processes according to the contract.
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Mark, the marketing manager of a large U.S. corporation, realizes that Afghanistan has virtually no supply of tomatoes. He conducts a study to see what quantity of tomatoes Afghan customers would be able and willing to buy at different prices. Mark is analyzing Afghanistan's:
By conducting the study on the quantity of tomatoes Afghan customers would be able and willing to buy, Mark is analysing the demand for tomatoes.
What is the demand for a good?
The demand for a good measures the quantity of a good that would be demanded at different prices. Usually, the demand for a good is negatively related to the price of the good. As the price of the good increases, the demand for the good would decline.
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After journalizing and posting the closing entries to the ledger what do all temporary account have.
It should be noted that after journalizing and posting the closing entries to the ledger all temporary account do have their retained earnings up to date.
What is retained earnings?Retained earnings serves a term used in referring to the firm's cumulative net earnings or profit after accounting for dividends.
This earning ate been referred to as the earnings surplus.
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