The three stances are the neutral fiscal stance, which occurs when the budget is well balanced and the economy is in equilibrium; then there's the<span> expansionary fiscal stance in which the spending exceeds tax revenues, which occurs usually during hard periods such as recessions; and the final stance is </span><span>the contractionary fiscal stance, in which the government spends less than what the tax revenue is. </span>
Answer:
See the explanation for the answers.
Explanation:
1. "Regulate it" is superior because anti trust makes it open to competition and the firm no longer remains a monopoly.
2. A regulated monopoly lower the price it charges from consumers which benefits the consumers because their consumer surplus increases. A regulated monopoly also offers better quality products.
3. Yes, there are redeeming qualities of monopolies.
Advantages of monopoly-
(a) The profits that the monopolist earns can be invested in R and D.
(b) Monopolies can practice price discrimination which can benefit weaker sections of the society.
(c) Monopolies can invest in latest technology which increases productivity and total output of a country.
(d) The government generates revenue from taxing the monopoly firm.
To solve this problem, we
use the formula in calculating for the total variable cost (COGS):
Revenue - COGS - SG&A
= Pretax profits
where SG & A is calculated
as:
SG & A = (Contribution - Prextax income)
<span>SG & A = ($320,000 - $117,000)
SG & A= $275,000 </span>
Calculating for revenue
using the margin ratio:
Contribution margin/Revenue = Contribution Margin Ratio
Revenue = Contribution Margin/Contribution Margin Ratio
Revenue = $320,000/.20
Revenue = $1.6m
Going back to the 1st formula:
Revenue - COGS - SG&A = Pretax profits
1.6m - COGS - 275k = 117k
COGS = $1.6m - $117k - $275k
<span>COGS = $1.208 million</span>
Answer:
Our return on the stock was 21.6%
Explanation:
In order to find our return on the stock we need to first add all the dividends and the selling price in order to calculate how much cash inflow we got from the cash. Then we will subtract the buying price of the stock from this as this is a cash outflow and by subtracting the buying price we will get the net cash inflow from the stock, we will then divide the net cash inflow by the buying price to get the return on the stock.
Dividend first quarter = 2
Dividend second quarter = 2
Dividend third quarter = 3
Dividend fourth quarter = 3
Selling price = 63
Total cash inflow = 63+3+3+2+2= 73
Selling price = 60
Net cash inflow = 73-60= 13
Return = 13/60=0.216= 21.6%
Answer: Jerry belongs to Steve's in-group
Explanation: An In-group is a group of two or more individuals who interact with one another, share the same characteristics and have a sense of unity altogether in which an individual perceives that collection of individuals as being a member.
In this case, Jerry belongs to Steve’s In-group as Steve assigns him more interesting tasks and offers him more rewards over Henry who is meant to just comply with formal rules whilst receiving standard benefits of the work. This is usually because individuals tend to prefer and have favoritism for their in-group over the out-group which Henry can be said to be in.
