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Andrei [34K]
3 years ago
9

As the owner of a women's clothing store, Caroline Lipscomb has an income of $75,000. She pays $30,000 per year in taxes and ano

ther $17,000 per year in grocery bills, house mortgage, and car payment. Last year she went to Italy and spent an additional $4,000. What was Caroline's discretionary income last year?
Business
1 answer:
Goshia [24]3 years ago
3 0

Answer:

28,000

Explanation:

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Cost leadership is most appropriate when a. industry rivalry is high and customers are very sensitive to prices. b. product inno
kvv77 [185]

Answer:

e. the power of buyers is low and barriers to entry are high.

Explanation:

  • The cost leadership is the establishing a competitive advantage by having the lowest cost of operations and cost leadership is often driven by the company efficiency in size and sales. And the cumulative expand has a well-defined scope and the economies have chosen strategist and consists of the simultaneous cost leaderships example as Walmart and is different from the price leadership.
5 0
3 years ago
If the economy is at equilibrium above potential output:
babunello [35]

Answer:

B) There is an inflationary gap, and contractionary fiscal policy is appropriate.

Explanation:

One of the macroeconomic cases is inflationary gap. It means that the difference between the current level of real gross domestic product (GDP) and the predicted or forecasted GDP that would be experienced and achieved if an economy is at full employment. It could be claimed that when the demand for goods and services gets over the production in the factors such as: higher levels of overall employment, increased trade activities or increased government expenditure.

In order to overcome this gap, the contractionary fiscal policy must be considered. The mechanism of that policy is to increase the taxes decrease the government expenses due to inflationary pressures. This policy consequently will affect the level of consumption and private investment, respectively, these also will decrease the real GDP.

Other concept of macroeconomics is recessionary gap. In comparison to inflationary gap, this concept indicates the economy operating at lower level than its full equilibrium level, in turn, the level of real GDP is also less than full equilibrium level. We used to see this situation when the economy was intending to recess.

In order to overcome this gap, the expansionary fiscal policy will work well. Because of decreasing taxes and increasing government expenditures, the recessionary gap can be fought anymore. Since the taxes decreases, the business will revive and the confidence to the investment will increase, as a result the GDP will rise. Moreover, the growing government expenditures will stimulate the GDP to accrue.

To summarize, according to the question we need the gap in which the economy is above of potential, this means inflationary gap. Following this finding, the contractionary fiscal policy will be solution.

6 0
3 years ago
What is the purpose of the sherman antitrust act
tamaranim1 [39]
To destory monopolies that were using their power to harm society.
7 0
3 years ago
Read 2 more answers
Louis has invested $1,000 in the stock market. At the end of one year, there is a 30% chance that his stock will be worth only $
Sphinxa [80]
The answer is C 1,080
5 0
2 years ago
Paparo Corporation has provided the following data from its activity-based costing system:
BARSIC [14]

Answer:

Unitary total cost= $123.74

Explanation:

<u>First, we need to calculate the activities rates to allocate costs:</u>

<u></u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Assembly=  926,800/56,000= $16.55 per machine-hour

Processing orders= 68,310 / 1,800= $37.95 per order

Inspection= 103,360 / 1,360= $76 per inspection-hour

<u>Now, we can allocate costs based on actual activity:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Assembly=  16.55*1,060= 17,543

Processing orders= 37.95*80= 3,036

Inspection= 76*20= 1,520

Total allocated costs= $22,099

Unitary allocated costs= 22,099/700= $31.57

<u>Finally, the unitary total cost:</u>

Unitary total cost= 31.57 + 51 + 41.17

Unitary total cost= $123.74

8 0
2 years ago
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