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Softa [21]
1 year ago
15

Increasing wages have caused incomes in the united states to increase. how will this impact the market for spam, an inferior goo

d?
Business
1 answer:
Firlakuza [10]1 year ago
6 0

The way that the increasing income would affect the market for spam an inferior good is that it would cause the demand for spam to decrease.

<h3>What is an inferior good?</h3>

This is the term that is used to refer to the good that the demand for falls whenever there is a positive change in income. That is as the income of a person rises, the demand that they would have for an inferior good would be more likely to fall.

Hence we can say that the The way that the increasing income would affect the market for spam an inferior good is that it would cause the demand for spam to decrease.

Read more on inferior goods here

brainly.com/question/20532958

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Old Tired Professor Mullen, Inc. has $20,000 of ending (EI) finished goods inventory. If beginning (BI) finished goods inventory
Zolol [24]

Difference between beginning and ending CoG: 20,000-10,000 = 10,000

Difference + sold:

10,000 + 40,000 = 50,000

Answer: $50,000

3 0
3 years ago
Suppose that an economy consists of only two individuals. Jeremy has $1690 available to spend on goods. He decides to purchase $
Zigmanuir [339]

Answer:

$470

Explanation:

The calculation of the economy income is given below:

Since $1,690 spend on goods and then he decided to purchase for $470 in order to generate it

So here we can see that there is one and only economic activity that took place at the present quarter that is of $470

Therefore the economy income is $470

6 0
2 years ago
Whoosh Calendars imprints calendars with college names. The company has fixed expenses of $1,095,000 each month plus variable ex
tiny-mole [99]

The number of cartons of calendars that Fast Spirit Calendars must sell each month to breakeven is 109500.

<h3>Breakeven</h3>

1. Number of cartons

Number of cartons=fixed expenses/contribution margin per carton

Number of cartons=1095000/(16.5-6.5)

Number of cartons=109500

2.  Target sales in dollars

Contribution margin ratio=contribution margin per carton/sales price per carton =

Contribution margin ratio=(16.5-6.5)/16.5

Contribution margin ratio=.61

Target sales in dollars=(fixed expenses + target operating income)/ contribution margin ratio

Target sales in dollars=(1095000+312000)/.61

Target sales in dollars=2,306,557

3. Contribution margin income statement

Sales revenue 7,507,500

(16.50x455,000)

Cost of goods sold 5,105,100

(6.50x455,000x68%)

Operating expenses 2,402,400

(6.50x455,000x32%)

Contribution margin  4,550,000

[(16.5-6.5)×455,000]

Fixed expenses 1095000

Operating income 3,455,000

(4,550,000-1,095,000)

4. Margin of safety​ (in dollars)

Sales revenue - sales revenue at breakeven = margin of safety ( in dollars) - ( sales price per carton x breakeven cartons) = margin safety in dollars

Margin safety in dollars=7,507,500-(16.5x109500)

Margin safety in dollars=7,507,500-1,806,750

Margin safety in dollars=5,700,750

Operating leverage factor =Contribution margin/operating income

Operating leverage factor =4,550,000/3,455,000

Operating leverage factor =1.316

Operating leverage factor =1.32 (Approximately)

5.  Operating income

Operating income increase=Sales volume x operating leverage factor

Operating income increase=11%x1.32

Operating income increase=.1452

New volume=Original volume + increase in volume

{[455,000+45,500 x(16.5-6.5)]-1095000}-3,455,000

=[500,500x10)-1095000]-3,455,000

=(5,005,000-1095000)-3,455,000

=3,910,000-3,455,000

=455,000

455,000/3,455,000

=0.132

Inconclusion the number of cartons of calendars that Fast Spirit Calendars must sell each month to breakeven is 109500.

Learn more about breakeven here:brainly.com/question/21137380

4 0
2 years ago
Write a 700- to 1,050-word paper that evaluates the impact of implementing triple aim goals nationally.
Luba_88 [7]

Answer:

These were the "Tripple aim goals"

  • Improving quality and satisfaction
  • Improving the health
  • Reducing the per capita cost of health care

Explanation:

The United States has the most expensive healthcare in the world. It also has the best healthcare in the world. This may contend from a different perspective, but one point of view outplays them all and that is the freedom of choice to choose our healthcare benefactors. There’s enormous flexibility in the American system that other countries can only dream of. Its system could be better, and to do that we have to look at what would make it better. There are different phases of our healthcare that are not practicing what we would want them to be and when we look to people for answers we turn up with a three-pronged approach to making our healthcare live up to everybody’s expectations. If we look at the three aims:

• Improving quality and satisfaction for the patient experience of care,

• Improving the health of populations,

• Reducing the per capita cost of health care.

It doesn’t take long to realize that the three are closely interwoven. For example, if we asked 50 people about a particular list of complaints about their healthcare, I would stake good money that every single one had a high cost on it. The high cost of healthcare has been a favorite whipping boy in this country for some time now, and it doesn’t look like that is going to transform, the question is can it?

Genuinely, we need to lower costs is civilizing the health of the individual populations, and patient satisfaction. Healthy individuals don’t go to the doctor as much and lower their costs, satisfied people do the same, they are happy with the cure they got and don’t unnecessarily spend money on going to another doctor. So the Problem statement becomes how do we tackle the issue and what will it bring?

If we take a small group of people perhaps 50 and we just automatically lower their costs so that they pay thirty-five cents on the dollar, then we have accomplished two of the objectives. Apparently, we can’t just do that in real life we would have to take many steps to be able to do this, among them would be to advance the quality of their care. But, once we got started on each of the three goals, then we would see a synergistic effect in the other areas, and soon it would feed on itself.

At the beginning of the last century, Henry Kaiser had combined wealth as well as several companies, not to mention about 60,000 employees. He struggled with every aspect of a dissatisfied customer when the time came for his employees and their healthcare. Nothing seemed to get it to where he wanted it to be cost-wise and satisfaction-wise. Not to mention the overall health of his employees. With the issue of putting many times the effort into healthcare that other companies did, none of them were better-off, and none of them were any healthier than anybody else in the country. Until he took the bold step of bringing healthcare “in-house”. He formed his private clinic and hospital medical staff, and to this day it stands as a paragon of medical service and still outperforms all other healthcare in the country.

Noticeably, taking the same approach as Henry Kaiser would result in the same results, although it would be many times more difficult and would require that we vote on it as a nation.

If the President of The United States could take one-sided action much as Henry Kaiser did, and treat our people as a father would his children, then we could accomplish this goal quickly. Since that is not possible, let us assume that we have spent 50 years taking baby steps and finally we have achieved our goal and every one is 100 percent happy with how their healthcare works and what happens, and we have reduced diseases as we know them and there is a sense of prosperity over the country.

First, the impact would allow us more free time, since we would not be spending it being sick or catching up on school or work from being sick.

Second, there would be free money in that there would be so much of our finances freed up, some estimate as much as a 30-32% increase in our income, then would be the increased maturity, some estimates are as high as 150. There would be decreased traffic, decreased crime, etc... When all is said and done, we would marshal in a golden age for mankind and there are penalties and benefits that we could debate about for years, and would never even guess at until it happens. There are many things that we simply would not expect until we actually consummate the goal.

For more content like this visit Brainly;

brainly.com/question/28179570

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6 0
1 year ago
Jamison is self-employed and he works out of an office in his home. Jamison itemizes his deductions, and the sum of his itemized
Arte-miy333 [17]

Answer: c. Interest expense and property taxes, other expenses, depreciation expense.

Explanation:

In terms of deductibility, interest expenses such as mortgages take precedence along with taxes on property.

After this comes other expenses starting first with direct expenses incurred in providing Jamison's services then there will be other expenses such as insurance, periodic repairs and admin expenses.

At the bottom of the hierarchy is depreciation expense which is the last expense that can be deducted

6 0
2 years ago
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