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3 years ago

13

Christina Tilson has been operating a stationary business out of her home. She receives a letter that she is violation of a zoni

ng ordinance. Which level of government would pass an ordinance? a. state b. federal c. municipal d. international

1 answer:

algol133 years ago

7 0

C municipal is the correct answer. Because ordinances are passed my local governments

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If the M1 multiplier is 3 and the Fed engages in open-market purchases in the amount of $3 billion, then monetary base will Grou

zavuch27 [327]

Answer:

A

Explanation:

By definition, open-market operations change the monetary base.

In this exercise, the Fed engages in open-market purchases, which means that the Fed expands the amount of money in the banking system. Therefore the monetary base will increase by an amount equal to the amount of open-market purchases.

So monetary base will increase by $3 billion.

7 0

3 years ago

If a competitive firm can sell a bushel of soybeans for $25 and it has an average variable cost of $24 per bushel and the margin

Liula [17]

Answer: reduce output.

Explanation:

In a competitive market, firms do not have control over the price that they sell their goods in the market but they do have control over their costs. It is recommended to produce/ sell goods at a quantity where Marginal Revenue will equal Marginal cost (MR = MC).

In a Competitive Market, Price is the same as Marginal revenue which means that Marginal revenue here is $25 and the Marginal Cost is $26. At this quantity of output, the Marginal Cost is larger than the Marginal revenue.

Company should therefore reduce output to a quantity where Marginal Cost will equal Marginal revenue.

6 0

2 years ago

Bengal Co. provides the following sales forecast for the next three months: July August SeptemberSales units 4,200 4,900 4,760Th

nexus9112 [7]

Answer:

Hie, on the choice of answers provided by your question there is no correct answer.

The correct answer for budgeted production units for July are 4,375 units

Please see below explanation and calculation i have prepared for the answer.

Prepare a Production Schedule for July as follows :

<u>July</u>

Budgeted Sales 4,200

Add Budgeted Closing Inventory (4,900 × 25%) 1,225

Total Production Needed 5,425

Less Budgeted Opening Inventory (1,050)

Budgeted Production 4,375

8 0

3 years ago

A state whose fiscal year ends June 30, 2019, had the following transactions and events. For each item, compute how much total e

inn [45]

Answer:

$3,750,000

Explanation:

The total amount of expense = current salaries +accrued salaries

The total amount of expense = $3,600,000+ $150,000

The total amount of expense= $3,750,000

The salaries are those expenses that are paid from the current financial resources. If the salaries are not being paid in the current year due to any reason it will be an accrued expense to the company and has to be paid in next year.

4 0

3 years ago

Kris is considering taking her poutine food truck to the local wine festival to vend. She is pondering the amount of food to sto

marta [7]

Answer:

A.

Under the MaxiMax criteria, the best of the maximum payoffs of all the alternatives will be selected.

Maximum payoff under large stock = $22000

Maximum payoff under medium stock = $14000

Maximum payoff under small stock = $9000

The , best of above payoff is $22000, so large stock alternative will be selected.

B.

Under the MaxiMin criteria, the best of the minimum payoffs of all the alternatives will be selected.

Minimum payoff under large stock = -$2000

Minimum payoff under medium stock =$6000

Minimum payoff under small stock =$4000

The , best of the above payoffs is $6000, so medium stock alternative will be selected.

C.

Under equally likely criteria,

Expected payoff under the large stock = (22000 + 12000 -2000)/3 = $10666.67

Expected payoff under the medium stock = (14000 + 10000+6000)/3 = $10000

Expected payoff under the small stock = (9000+8000+4000)/3 = $7000

The maximum payoff is with the large stock alternative, then large stock alternative is selected.

D.

With the given probabilities,

Expected payoff under the large stock = (.3*22000 + .5*12000 -.2*2000) = $12200

Expected payoff under the medium stock = (.3*14000 + .5*10000+ .2*6000) = $10400

Expected payoff under the small stock = (.3*9000 + .5*8000 + .2*4000) = $7500

The maximum payoff is with the large stock alternative, then large stock alternative is selected.

E.

EVPI = EVWPI - EVWOPI

EVPI = (.3*22000 + .5*12000 + .2*6000) - 12200

EVPI = $1600

6 0

3 years ago