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kherson [118]
3 years ago
11

Microeconomics Which of the following statements is true? a. Students majoring in economics earned more than students majoring i

n engineering in the U.S. in 2015. b. People with 0–5 years of work experience earn more than people with 10–20 years of work experience in all major fields. c. The median pay of economics majors increased more in dollar terms than any other majors in 2015. d. A college degree does not influence the earnings of workers.
Business
1 answer:
Kaylis [27]3 years ago
3 0

Answer:  c. The median pay of economics majors increased more in dollar terms than any other majors in 2015.

Explanation:

According to research by several job websites, Economics majors saw their wages increase more than other majors in terms of dollar terms in 2015.

This has been attributed to the Economics field needing more specialization as most entry level economics jobs require at least a masters in the field. While there does not seem to be any reason for this, it is theorized that the need for Economists has been on the rise as economies become more uncertain.

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Broker John is advertising a desirable property that sold months ago to attract buyers. When the buyers ask to see that property
Katyanochek1 [597]

Answer:

Bait-and-switch advertising.

Explanation:

BAIT AND SWITCH ADVERTISING is a type of advertising where a seller of a products or goods deceive a prospective buyer by advertising a product that is desirable in which when the buyer make an effort to purchase the product or ask to see the advertised product the seller will show the prospective buyer available product instead of the advertised product in which the buyer will then find out that the advertised product is unavailable just as in the case of John who advertised a desirable property that was already sold out a months ago in order to attract prospective buyers in which when the advertised product was ask by the buyers he shows the buyer available properties instead which means that this act by Broker John is an example of BAIT AND SWITCH ADVERTISING.

8 0
2 years ago
The XYZ bank has sold shares of the ABC Company to a client, who plans to hold the shares for a period of time. The securities a
nydimaria [60]
B) Secondary securities (bank to clients)
3 0
3 years ago
Waterway Corporation purchased a new machine for its assembly process on August 1, 2020. The cost of this machine was $162,900.
satela [25.4K]

Answer:

(a) Straight Line Depreciation for 2020 $  28,800

(b) Activity Method of Depreciation for 2020 $ 5,616

(c) Sum of the years Depreciation for 2021 $ 38,400

(d) Double declining balance depreciation for 2021 $ 39,096

Explanation:

Computation for requirement (a) - Straight Line Depreciation for 2020

Straight line method considers depreciation on adepreciable base after considering a salvage value and spreads it evenly over the life of the asset.

Cost of machine                                     $ 162,900

Estimated Salvage Value                       <u>$   18.900</u>

Depreciable Basis                                   $ 144,000

Estimated Life                                             5 years

Straight Line Depreciation for 2020 = $ 144,000/5 = $ 28,800      

Computation for requirement (b) - Activity Method  Depreciation for 2020

Activity method depreciation considers depreciation over the estimated usage of the asset and multiplies by the usage in a given period. The depreciable basis is after considering the salvage value.

Depreciable basis - same as SL depreciation                       $ 144,000

Usage Life of the machine                                                         20,000 hours

Machine usage for 2020                                                                  780 hours

Depreciation on a per hour basis      $ 144,000/ 20,000 = $ 7.2 per hour

Depreciation for 2020 on a usage of 780 hours = 780 * $7.20 = $ 5,616      

Computation for requirement (c) - Sum of the years digits for 2021    

In a sum of the years depreciation method, the sum of the life of the assets are added and considered as a depreciable life. The salvage value is considered in determining the depreciable basis.

Depreciable basis - same as SL depreciation                       $ 144,000            

Estimated life of the asset                                                      5 years

Sum of the years, (5+4+3+2+1)                                                  15

so the first year depreciation shall be 5/15, the next year 4/15 and so on,

We need to compute the depreciation for 2021 which is the second year, so the formula shall be:

4/15 (remaining useful life) * $ 144,000(depreciable basis) = $ 38,400

Computation for requirement (d) - Double declining balance  for 2021

In a double declining balance method the depreciation rate (%) is double that of a straight line method. The subsequent years depreciation is on a reduced balance. No salvage value is considered

The first year's depreciation is calculated

Cost of Machine* (2 * Straight Line depreciation %)

$ 162,900* (2 * 20 %) so the depreciation for 2020 would be

$ 162,900 * 40 % = $ 65,160.

For 2021, which is the requirement in our question, the cost would be the reduced value.

Original Cost of the machine                                    $ 162,900

Double Declining balance Depreciation  2020       <u>$  65,160</u>

Declining Cost basis for 2021 depreciation             <u>$   97,740</u>  

Depreciation @ 40 %                                                 $  39,096                                                    

6 0
3 years ago
Which of the following illustrates one of the steps in the self-fulfilling prophecy process when a supervisor forms a high?a. An
tino4ka555 [31]

Answer: The correct answer is "c. A supervisor forms certain expectations of the employee.".

Explanation: The statement "A supervisor forms certain expectations of the employee." illustrates one of the steps in the self-fulfilling prophecy proccess because the beginning of the prophecy is when the supervisor generates expectations about how the future employee will work, these are often inaccurate because they are carried out with limited information.

7 0
3 years ago
Lee, Inc. acquired 30% of Polk Corp.'s voting stock on January 1, Year 1 for $100,000. During Year 1, Polk earned $40,000 and pa
KiRa [710]

Answer:

$7,500

Explanation:

Lee, Inc. acquired 30% of Polk Corp.'s voting stock on January 1, Year 1 for $100,000.

During Year 1, Polk earned $40,000 and paid dividends of $25,000.

Therefore Lee's dividend income = 0.3 x 25,000 = $7,500

Before income taxes, the amount that Lee should include in its Year 1 Income Statement as a result of the investment will be the dividend earned in year 1 which is $7,500

5 0
3 years ago
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