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3 years ago

What is regulatory capture and why is it illegal?

1 answer:

4 0

Regulatory capture. Regulatory capture is a form of government failure which occurs when a regulatory agency, created to act in the public interest, instead advances the commercial or political concerns of special interest groups that dominate the industry or sector it is charged with regulating.

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Turkey Hill Motor Homes currently sells 1,200 Class A motor homes, 2,600 Class C motor homes, and 4,000 pop-up trailers each yea

Colt1911 [192]

Answer:

The erosion cost = $ 49,190,000

Explanation:

Given:

Class A motor homes sold = 1,200

Class C motor homes sold = 2,600

pop-up trailers sold = 4,000

if the new camper is added,

decline in class A sales = 10%

Decline in class C sales = 2,100 units

Average cost of class A motor homes = $ 162,000

Average cost of class C homes = $ 59,500

Selling price for the pop-ups = $ 5,500

cost of the new mid-range camper = $ 32,900

Now,

Erosion cost is given as = Total decline in revenue from the sales

= (Decline in class A sales × Average cost of class A motor homes ) + (Decline in class C sales × Average cost of class C motor homes )

Erosion cost = ( 0.10 × 1,200 × $ 162,000 ) + ( (2,600 - 2,100) × $ 59,500 )

Erosion cost = 19,440,000 + 29,750,000

The erosion cost = $ 49,190,000

3 0

3 years ago

A listing of all possible returns on an investment, with a chance of occurrence assigned to each return is known as _____.

Anna35 [415]

Answer: Probability Distribution

4 0

3 years ago

At a growth (interest) rate of 8 percent annually, how long will it take for a sum to double? To triple? Use Appendix A for an a

Yanka [14]

Answer:

n = ㏒ P ÷ ㏒ (1.08)

Explanation:

Compound interest rate

A = P × $(1 + r)^{n}$

where

P = principal amount (the initial amount you borrow or deposit)

r = annual rate of interest (as a decimal)

A = amount of money accumulated after n years, including interest.

n = number of years

Since we want the principle amount to double i.e., A = 2P

put this in above equation

2P = P × $(1 + r)^{n}$

divide both sides by P, we get

P = $(1 + r)^{n}$

put r = 0.08

P = $(1 + 0.08)^{n}$

P = $(1 .08)^{n}$

Taking log on both sides

㏒ P =㏒ $(1 .08)^{n}$

㏒ P = n ㏒ (1.08)

n = ㏒ P ÷ ㏒ (1.08)

8 0

3 years ago

On March 1, Lincoln sold merchandise on account to Amelia Company for $27,300, terms 1/10, net 45. On March 6, Amelia returns me

xenn [34]

Answer:

Explanation:

The journal entries are shown below:

Accounts receivable A/c Dr $27,300

To Sales A/c $27,300

(Being goods are sold on credit)

Sales return and allowance A/c Dr $3,000

To Accounts receivable $3,000

(Being sales return is recorded)

Cash A/c Dr $24,057

Sales Discount A/c Dr $243

To Accounts receivable $24,300

(Being cash received recorded)

The computation of the account receivable

= Credit sales - returned goods

= $27,300 - $3,000

= $24,300

And, the discount would be

= Accounts receivable × percentage given

= $24,300 × 1%

= $243

The remaining amount would be credited to the cash account.

8 0

3 years ago

Ralph is single and has the following items for the current year:

scoray [572]

Answer:

Explanation:

$10,000 - [$6,000 + ($9,000 - $3,000)] = ($2,000). Therefore, nothing is added back.

3 0

3 years ago