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2 years ago

Why do various federal, state, and local government programs help raise people’s standard of living?

2 answers:

7 0

The government has various reasons for this. first of all, when the living standards are raised, the people will have more disposable income. this allows the people to start buying goods hence the demand will increase. when the demand increases, more tax may also be collected and more supply may be created...this creates jobs as well.
also, an increase in living standards will mean more happy people. this will increase their productivity hence production is increased which can increase amount of tax collected or even increase supply hence make goods cheaper overally.
last but not least, this will help in improving the health and nutrition of the people as less people will be sleeping hungry and less people will be falling sick. this will allow the government to reduce its spending on the health amenities so that money could be used somewhere else.

garik1379 [7]2 years ago

5 0

because certain groups of people have fewer opportunities to raise their standard of living.

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Mega-Big Corp. has a small strategic business unit (SBU) that produces a component vital to the manufacturers of automobiles and

galina1969 [7]

Answer:

Cash cow

Explanation:

Boston consulting group (BCG) Matrix: It is a framework created for the strategic position of the business and its potential. It classifies business units into four categories of a cash cow, Stars, question mark and Dogs on the matrix of the growth rate of industry and relative market share. This matrix is also known as the growth-share matrix.

In the BCG matrix, If business unit lies in the category of a Cash cow, then it is considered as market leader as it generates more income and company are able to get a good return out of investment in this business unit. In the matrix, the Business unit have high market share, however, it has less growth prospect.

In the given case, Mega-Big Corp has been manufacturing components of automobiles and has been extremely profitable for 18 years, therefore, Mega-Big Corp. is most likely considered a cash cow.

6 0

3 years ago

Floors n’ More, Inc., hires Gordon to renovate Floors n’ Mores showroom. Gordon submits plans that Floors n’ More approves. Gord

gogolik [260]

Answer:

Yes Gordon can sue Floors n' Mores for the settlement of the contract keeping in mind that Gordon has made partial completion of the contract. Full payment would be determined based on the completion of the total work in line withe the plans submitted when the contract was signed

Explanation:

In order to understand the scenario in case if Gordon wants to sue Floors n Mores they can only be compensated for the amount of project completion in line to the expectations that matches to Floors n More.

For Example if 75% of the work is in line with the expectation of Floors N More then Gordon should be paid total amount payable multiply by 75%.

Usually in such cases if the contract is fulfilled to certain extent it is preferred to close the contract based on the %age of completion because major reconstruction, buying of fixtures and furniture was executed. Hence major risks and rewards were transferred to Floors n Mores.

4 0

3 years ago

A management dilemma defines the research question. Group startsTrue or FalseTrue, selectedFalse, unselected

OlgaM077 [116]

Answer:

False

Explanation:

It is not always the case that a management dilemma results in the research question. However, a research question might be defined by an identified need for improvement.

5 0

3 years ago

Terrell Foods reported $ 660,000 in net income and its weighted - average shares outstanding for the year is 100,000 shares. In

Solnce55 [7]

Answer:

Basic EPS = $6.6

Diluted EPS = $5.06

Explanation:

The computation of basic and diluted EPS is shown below:-

Basic EPS = Net income ÷ Weighted average shares outstanding

= $660,000 ÷ 100,000

= $6.6

Interest on convertible bonds = 1,000,000 × 8%

= 80,000

Diluted EPS = (Net income + Interest on convertible bonds × (1 - Tax%)) ÷ (Weighted average shares outstanding + Shares from Convertible bonds)

= ($660,000 + 80,000 × 60%) ÷ (100,000 + 40,000)

= ($660,000 + 48,000) ÷ (140,000)

= $708,000 ÷ 140,000

= $5.06

3 0

3 years ago

Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserv

Svetllana [295]

Answer and Explanation:

a. The completion of the following table to reflect any changes in First Main Street Bank's T-account is shown below:-

First Main Street Bank's Balance Sheet

Assets Amount Liabilities Amount

Reserves $750,000 Checkable Deposits $750,000

b. The completion of the following table to show the effect of a new deposit on excess and required reserves is shown below:-

Amount deposited Change in excess Change in required

reserves reserves

$750,000 $600,000 $150,000

($750,000 - $150,000) ($750,000 × 20%)

3 0

2 years ago