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3 years ago

The "principal-agent problem" often arises in public choice when politicians pursue the best interests of their constituents

1 answer:

3 0

The "principal-agent problem" is when one person can make a decision on behalf of someone else that impacts the "principal". The agent works to favor the interests of the principal and receives incentives for doing so in return. The agent can get into a conflict of interest or make morally wrong decisions in favor of the principal they are helping.

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Once every __________, the Census Bureau does a comprehensive survey of housing and residential finance.

Amanda [17]

Once every 10 years search it up if I am wrong

5 0

3 years ago

In the 1990s, the russian people lost confidence in the value of the ruble, and many were no longer willing to sell goods and se

hodyreva [135]

The answer to this question is acceptability
The acceptability characteristic refers to whether the currency is accepted as a medium of exchange for the transaction in the market.
Currency that has high rate of acceptability tend to be less volatile in the foreign exchange market and attract more investment.

5 0

3 years ago

Assume a par value of $1,000. Caspian Sea plans to issue a 19.00 year, semi-annual pay bond that has a coupon rate of 8.09%. If

Anna007 [38]

Answer:

Price of Bond is 1,031.36

Explanation:

Step 1. Given information.

Par value $1.000

Issue to 19 year

Coupon rate 8.09%

Yield maturity 7.68%

Step 2. Formulas needed to solve the exercise.

Price of Bond = PV of Coupons+PV of Par Value

Step 3. Calculation.

Number of Periods =8*2 =16

Semi annual coupon =8.11%*1000/2 =40.55

Semi annual YTM =7.58%/2 =3.79%

Price of Bond =40.55*((1-(1+3.79%)^-16)/3.79%)+1000/(1+3.79%)^16 =1031.36

Step 4. Solution.

Price of Bond is 1,031.36

3 0

4 years ago

Pharoah Company uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at Dece

ANTONII [103]

Answer:

$6,689

Explanation:

As we know that the inventory should be recorded at cost or net realizable value which ever is lower

Particulars Item Units Unit Cost Net Realizable Value LCNRV

Minolta 7 $175 $157 $157

Canon 11 142 176 $142

Vivitar 14 130 111 $111

Kodak 17 120 132 $120

So, the amount of ending inventory is

= 7 units × $157 + 11 units × $142 + 14 units × $111 + 17 units × $120

= $1,099 + $1,562 + $1,988 + $2,040

= $6,689

4 0

3 years ago

brown's, a local bakery, is worried about increased costs particularly energy. last year's records can provide a fairly good

Marina86 [1]

Answer:

Increase in the production of energy means that the energy was saved

Labor productivity also increased

Explanation:

Change in energy producton

Previous Year: (1,500x12)/3,000

=18,000/3,000

=6.0 loaves per unit

Current Year: (1500*12)/2,750

=18,000/2,750

=6.55 loaves per unit

The above calculation indicates a positive change in energy production. This means that there was some degree of energy saving.

Change in labor

Previous Year: (1500x12)/350

=18,000/350

= 51.43 loaves/labor hour

This Year: (1500x12)/325

= 18,000/325

= 55.38 loaves/labor hour

This calculation also signifies an increase in labor productivity.

Change in Investment

Previous Year: (1500x12)/15000

=18,000/15,000

= 1.2 loaves/$ investment

This Year : (1500x12)/18000

=18,000/18,000

= 1.0 loaves/$ investment

Investment is lowered which is a positive sign.

4 0

4 years ago