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tamaranim1 [39]

3 years ago

13

One of the differences between managers and leaders is that managers focus on visions, missions, goals, and objectives, and lead

ers focus solely on productivity and efficiency. a. true b. false

1 answer:

juin [17]3 years ago

6 0

False

Please vote my answer branliest! Thanks.

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If a tax is imposed on a market with inelastic demand and elastic supply, then:

Natali5045456 [20]

Answer:

Buyers will bear most of the burden of the tax

Explanation:

Hope it helps

6 0

3 years ago

Refer to the information in Homework 2 Question 2: Ross derives utility from only two goods, chocolates (x) and donuts (y). His

Margaret [11]

Answer:

The total effect is 35 out of which income effect is 15 and substitution effect is 20.

Explanation:

Ross has an income of $1440.

The price of chocolates (Px) is $10 and donuts (Py) is $9.

The utility function is given as

U = 0.5xy

Before price rise, Budget line:

1440 = 10x + 9y,

Consumption is optimal when

$\frac{MUx }{ MUy} = \frac{Px}{Py} = \frac{10}{9} = 1.11$

0.5y / 0.5x= 1.11

y = 1.11x

Substituting in budget line,

1440 = 10x + 9y = 10x + 9(1.11x)

1440 = 10x + 9.99x

19.99x = 1440

x = 72

y = 1.11x = 79.92 = 80

After price rise,

Py = 16.

New budget line:

1440 = 10x + 16y,

Price ratio

$\frac{Px}{Py } = /$

= $\frac{10}{16}$

= 0.625

And,

$\frac{MUx}{Muy} = \frac{0.5y}{0.5x} = 0.625$

$\frac{y}{x} = 0.625$

y = 0.625x

Substituting in new budget line: 1440 = 10x + 16y

1440 = 10x + 16(0.625)x

1440 = 20x

X = 72

Y = 0.625x = 45

So, total effect (TE)

= Decrease in consumption of y

= 80 - 45

= 35

With previous (x, y) bundle,

U = 0.5xy

U = 0.5 x 72 x 80

U = 2880

Keeping utility level the same & substituting,

y = 0.625x in utility function:

28800 = 0.5xy

$2880 = 0.5\ \times\ 0.625x$

$2880 = 0.3125x^{2}$

$x^{2} = \frac{2880}{0.3125}$

$x^{2} = 9216$

$x = \sqrt{9216}$

x = 96

Now, putting the value of x,

y = $0.625\ \times\ x$

y = $0.625\ \times\ 96$

y = 60

Substitution effect (SE)

= 80 - 60

= 20

Income effect

= TE - SE

= 35 - 20

= 15

8 0

3 years ago

Ella has an offer to buy an item with a sticker price of $12,300 by paying $420 a month for 36 months. What interest rate is Ell

pentagon [3]

Answer:

18.65%

Explanation:

Cost = $12,300

Total Payment = $420 × 36

= $15,120

Difference in the cost and payment = $15,120 - $12,300 = $2,820

Interest rate is the ratio of the interest to the original cost of the item.

The interest is the difference between the amount paid and the actual cost.

Interest rate = ($2,820/$15,120) × 100%

= 18.65%

5 0

3 years ago

Read 2 more answers

Holden believes that all races are equal and goes out of his way to support programs and legislation that are aimed at achieving

Alchen [17]

He is a buisseness manager

4 0

3 years ago

Psymon Company, Inc., sells construction equipment. The annual fiscal period ends on December 31. The following adjusted trial b

Vaselesa [24]

Answer:

(a) Multi-step income statement that would be used for internal reporting purposes

Sales Revenue 217,400

Less Cost of Goods Sold (126,800)

Gross Profit 90,600

Less Operating Expenses

Salaries and Wages Expense 21,800

Office Expenses 22,800 (44,600)

Operating Income 46,000

Less Non Operating Expenses

Interest Expense (3,200)

Net Income Before Tax 42,800

Income Tax Expense (12,840)

Net Income After Tax 29,960

(b) Multi step income statement that would be used for external reporting purposes

Sales Revenue 217,400

Less Cost of Goods Sold (126,800)

Gross Profit 90,600

Less Operating Expenses

Salaries and Wages Expense 21,800

Office Expenses 22,800 (44,600)

Operating Income 46,000

Less Non Operating Expenses

Interest Expense (3,200)

Net Income Before Tax 42,800

Income Tax Expense (12,840)

Net Income After Tax 29,960

(c) the gross profit percentage is 41.67%

Explanation:

Internal Reports versus External Reports

Internal reports do not have to conform to any Accounting Standards,However External reports have to confirm and be prepared according to accounting standards for Fair Representation and Comparability purposes

Gross Profit Percentage

Gross Profit Percentage = Gross Profit / Sales × 100

= 90,600/ 217,400 × 100

= 41.67%

8 0

3 years ago