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Dahasolnce [82]
3 years ago
7

During 2010, Congress debated the advisability of retaining some or all of the tax cuts signed into law by former President Geor

ge W. Bush in 2001 and 2003 and set to expire at the end of 2010. By reducing tax rates across the board, take-home pay for all taxpaying workers would increase. The purpose, in part, was to encourage work and increase the supply of labor. Households would respond the way the president hoped, but only if income effects were stronger than substitution effects. -The law of diminishing marginal utility states ____
Business
1 answer:
Zolol [24]3 years ago
6 0

Answer and explanation:

The law of Diminishing Marginal Utility states that the more you consume a good or use a service, the less satisfied you will be with each successive use or consumption. It is an important concept in determining consumer preferences. It assumes consumers are rational and will spend money in a way that maximizes contentment with each subsequent unit without negatively affecting their total enjoyment.

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iragen [17]
CAN U PLS HELP PLS THIS IS SO HATD OMG
3 0
3 years ago
Pina Colada Corp. had 150 units in beginning inventory at a total cost of $16,500. The company purchased 300 units at a total co
ICE Princess25 [194]

Answer:

FIFO = $17,000

LIFO = $9,350

Average-cost = $14,450

Explanation:

Initial inventory: 150 units, at a total cost of $16,500 ($110 per unit).

Purchases: 300 units, at a total cost of $60,000 ($200 per unit).

Final inventory: 85 units.

Unit sold: 150+300-85=365 units

FIFO (first in, first out)

In this method, we considered that the units that were first in the inventory were sold first.

Initial inventory:  150 u. x $110 per unit = $16,500      $16,500

Variations:           300u. x $200 per unit = $60,000   $76,500

                          -150 u. x $110 per unit = -$16.500      $60,000

                          -215 u. x $200 per unit = -$43,000   $17,000

Final inventory      85 u. x $200 per unit = $17,000

LIFO (last in, first out)

In this method, we considered that the first units that leave the inventory are the last that have arrived.

Initial inventory:  150 u. x $110 per unit = $16,500       $16,500

Variations:           300u. x $200 per unit = $60,000    $76,500

                          -300 u. x $200 per unit = -$60,000   $16,500

                          -65 u. x $110 per unit = -$7,150           $  9,350

Final inventory      85 u. x $110 per unit = $9,350

Average cost

In this method, every unit that left the inventory is valuated with an average-cost per unit of the inventory.

Initial inventory:  150 u. x $110 per unit = $16,500       $16,500

Variations:           300u. x $200 per unit = $60,000    $76,500

                          -365 u. x <em>$170*</em> per unit = -$62,050   $14,450

Final inventory      85 u. x $170 per unit = $14,450

<em>*average cost = (150*110+300*200)/(150+300)=76500/450=$170</em>

5 0
3 years ago
Read 2 more answers
Refer to "Terrorism Preparedness" in your assigned readings. According to the article, identify what local, county, and state as
Mkey [24]

Answer: As a terorrism preparedness, local, country and state assets need to be in place as an answer to counterterrorism preparedness. National infrastructure preparedness plan which outlines how government and private sector participants in the community can work together to manage risks and achieve security and resilience outcomes.

The National Infrastructure and Computer Intrusion Program also have a role in preventing terrorist act by identifying, protecting, preventing and detecting of computer intrusions. Assets include the major electrical, communications, and water facilities; transportation hubs; energy plants and other infrastructure which are instrumental in terrorism attack.

Explanation:

5 0
3 years ago
For the last five years, the HR manager at Fresh Foods has been asking all applicants to appear for a test. The HR manager now i
Troyanec [42]

Answer:

The correct answer is predictive validity test.

Explanation:

A predictive validity test is carried out in order to predict the performance that a collaborator will have in the future. With this dynamic, it is ensured that an honest employee is hired, and that he always acts under the rules of the organization to which he will belong. In general, there are discrepancies compared to what many people can do under certain circumstances, and this test is precisely what they want to know about the performance under different scenarios.

8 0
3 years ago
Read 2 more answers
How did speculative investing weaken the stability of the stock market?
tiny-mole [99]
<span>Heavy speculation is a bad idea in any market since it has a tendency to inflate prices to unrealistic levels. That is basically what many investors prior to the Great Depression did when they thought the market would keep going higher and higher. They borrowed money, sold their houses, etc.. to buy into the stock market thanks to that kind of speculation without even considering the underlying reasons for why the market is there in the first place.</span>
7 0
3 years ago
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