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mr Goodwill [35]
3 years ago
5

This cartoon can be read and enjoyed on several levels. Which statement best captures the economic message of

Business
1 answer:
makvit [3.9K]3 years ago
5 0

Answer:

The correct statement lies in option C.

Monopolies negatively affect consumers.

Explanation:

  • The statement that best captures the economic message of the cartoon is that monopolies negatively affect consumers.
  • When a specific enterprise or person is the only supplier in the market, it is called monopoly.
  • Monopoly can result to higher prices of the good, also known as price taker as there is no other enterprise which can supply the same good.
  • Here, Santa Claus is the monopoly as he is the only supplier of gifts in Christmas so he gets sloppy and result in low output in his work.
You might be interested in
On January 1, Year 1, Manning Company granted 97,000 stock options to certain executives. The options are exercisable no sooner
umka21 [38]

Answer:

$77,600

Explanation:

Total value of compensation expenses:

= No. of options granted × Fair of value options

= 97,000 × $4

= $388,000

Compensation expenses should be recognized per year:

= Total value of compensation expenses ÷ Excercisable time

= $388,000 ÷ 3

= $129,333.33

Expenses recognized in year 1 = $129,333.33

Due to unexpected turnover 20% of the options are forfeited,

Annual compensation = $388,000 × 80%

                                     = $310,400

Annual compensation in year 2:

= Accumulated compensation expenses in year 2 - Expenses recognized in year 1

= [$310,400 × (2/3)] - $129,333.33

= $206,933.33 - $129,333.33

= $77,600

4 0
3 years ago
Maurio inc., a publishing house, wants to invest in digital publishing. however, the company does not possess enough capital to
icang [17]

Answer:

A) Factoring

Explanation:

Factoring: This is a short term financial option which refers to financial transactions between a business firm and a financial institution. It is the selling of debt by a business firm at a discounted price to a financial institution.

Maurio inc. is involved in factoring by selling its accounts of credits to restube which is i financing firm at a discount in order to have enough capital to invest in digital publishing.

Factoring is the relationship between the financial institution and the business firm in which the fimancial institution purchases the business firms credit and pay about 80% to 90% immediately and pay the balance at a later date.

There are different types of factoring;

1) Domestic and export factoring

2) Recourse and non-recourse factoring

3) Advance and maturity factoring

4) Disclosed and undisclosed factoring

5 0
2 years ago
Read 2 more answers
Find the duration of a bond with a settlement date of May 27, 2020, and maturity date November 15, 2031. The coupon rate of the
andre [41]

Answer:

Explanation:

Duration is used to determine a bond's price sensitivity to interest rate changes. For fixed rate bonds, an increase in market interest rates leads to a decrease in the price of a bond. On the other hand, a decrease in market interest rates leads to an increase in the price of a bond. The longer the duration, the greater the swings in a bond price for a given change in interest rates. There are various types of duration. Two well-known types used for straight bonds (i.e., bonds without embedded options) are Macauley Duration and Modified Duration. Macauley duration is the weighted average of the time until cash flow dates, where the weights are given by the fraction of the present value arising from that period's cash flow. Modified Duration is derived from Macauley Duration.

Answer and Explanation:

The formula used to calculate Macauley Duration is shown below:

{eq}Duration = t_1 * \frac{c * d(t_1)}{PV} + t_2 * \frac{c * d(t_2)}{PV} + ...

5 0
3 years ago
What characteristic of economic theory makes it scientific?
jeyben [28]
Predictability is <span>characteristic of economic theory makes it scientific.

</span>The production, distribution, and consumption of commodities. In Gonzales v Raich a majority of the Supreme Court of the United States, under the penmanship of Justice Stevens, wrote that economics<span> and </span>economic activity<span> means: "... the production, distribution, and consumption of commodities."</span>
7 0
3 years ago
. Kathy plans to move to Maryland and take a job at McCormick as the Assistant Director of HR. She and her husband Stan plan to
shepuryov [24]

Answer:

a. For a 30-year mortgage at 4.5% annual rate, we have:

Monthly required fixed loan payment = $2,026.74

Total monthly payment = $3,026.74

Total payments for 360 months = $1,089,626.85

b. For a 15 year mortgage at 4% annual rate, we have:

Monthly required fixed loan payment = $2,958.75

Total monthly payment = $3,958.75

Total payments for 180 months = $712,575.31

c. Kathy and Stan should choose a 15 year mortgage at 4% annual.

Explanation:

a. For a 30-year mortgage at 4.5% annual rate

The monthly required fixed loan payment can be calculated using the formula for calculating loan amortization as follows:

P = (A * (r * (1 + r)^n)) / (((1+r)^n) - 1) .................................... (1)

Where:

P = Monthly required fixed loan payment = ?

A = Loan amount = House budget – Down payment = $500,000 - $100,000 = $400,000

r = monthly interest rate = 4.5% / 12 = 0.045 / 12 = 0.00375

n = number of months = 30 * 12 = 360

Substituting all the figures into equation (1), we have:

P = ($400,000 * (0.00375 * (1 + 0.00375)^360)) / (((1 + 0.00375)^360) - 1) = $2,026.74

Therefore, we have:

Monthly required fixed loan payment = $2,026.74

Total monthly payment = Monthly required fixed loan payment + Property taxes and insurance = $2,026.74 + $1,000 = $3,026.74

Total payments for 360 months = Total monthly payment * 360 = $3,026.74 * 360 = $1,089,626.85

b. For a 15 year mortgage at 4% annual rate

The monthly required fixed loan payment can be calculated using the formula for calculating loan amortization as follows:

P = (A * (r * (1 + r)^n)) / (((1+r)^n) - 1) .................................... (1)

Where:

P = Monthly required fixed loan payment = ?

A = Loan amount = House budget – Down payment = $500,000 - $100,000 = $400,000

r = monthly interest rate = 4% / 12 = 0.04 / 12 = 0.00333333333333333

n = number of months = 15 * 12 = 180

Substituting all the figures into equation (1), we have:

P = ($400,000 * (0.00333333333333333 * (1 + 0.00333333333333333)^180)) / (((1 + 0.00333333333333333)^180) - 1) = $2,958.75

Therefore, we have:

Monthly required fixed loan payment = $2,958.75

Total monthly payment = Monthly required fixed loan payment + Property taxes and insurance = $ 2,958.75 + $1,000 = $3,958.75

Total payments for 180 months = Total monthly payment * 360 = $3,958.75 * 180 = $712,575.31

c. Recommendation

Since the total payment of $712,575.31 for a 15 year mortgage at 4% annual is lower than the total payments of $1,089,626.85 for a 30-year mortgage at 4.5% annual rate, Kathy and Stan should choose a 15 year mortgage at 4% annual.

4 0
2 years ago
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