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Andrew [12]
3 years ago
15

Income Inequality, Poverty, and Discrimination affect the economy. Discuss their impact on the economy and what should be done b

y the government - if anything. Welfare could also include the bailing out of banks and big business. Also, remember that when discussing the economy - efficiency must be addressed.
Business
1 answer:
saveliy_v [14]3 years ago
4 0

Answer&Explanation: income inequality ,poverty and discrimination result to people not contributing in the same way towards the economy of the country and this result to imbalance in the economy when you find that eventhough the state has a certain number of population but the contribution to the advancement of the economy is less due to these factors (income inequality,poverty and discrimination)

The government can actual encourage and promote income equality through equal distribution of opportunities,eliminate discriminatory practices and enhance means of taking people out of poverty by supplying them with means to actual upgrade themselves and become self sufficient, through policies that encourage these aspects and redistribution of income. To ensure the effeciency of this process a follow up e these implements need to be consistent and constant.

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Ferkil Corporation manufacturers a single product that has a selling price of $25.00 per unit. Fixed expenses total $65,000 per
Jlenok [28]

Answer:

8,000 units

Explanation:

Given that,

Selling price = $25.00 per unit

Total fixed expenses = $65,000 per year

Break even sales in units = 6,500

Target profit = $15,000

Break-even sales in dollar value:

= Break even sales in units × Selling price per unit

= 6,500 × $25.00 per unit

= $162,500

Break-even Point = Fixed Costs ÷ Contribution Margin per Unit

$162,500 = $65,000 ÷ Contribution Margin per Unit

Contribution Margin per Unit = $65,000 ÷ $162,500

                                                = $0.4 per unit

Sales amount:

= (Fixed costs + Target profit) ÷ Contribution margin per unit

= ($65,000 + $15,000) ÷ $0.4 per unit

= $200,000

Therefore,

Sales in units = Sales in amount ÷ Selling price per unit

                      = $200,000 ÷ $25

                      = 8,000 units

5 0
3 years ago
Vanessa Company is evaluating two projects. project 1 is a project requiring a capital expenditure of 814,400. the project has a
Olegator [25]

Answer:

The average rate of return on investment using:

 + Straight line method: 23.58%

 + Net present value: 17.85%

Explanation:

* The average rate of return on investment using straight line method:

We have Average rate of return = Average net profit/ Average investment

with average net profit = (90,000 + 80,000 + 40,000 + 30,000 + 240,000)/5 = $96,000

       average investment: (investment at the beginning + investment of the end) /2 = 814,400/2 = 407,200

=> Average rate of return = 96,000 / 407,200 = 23.58%

* The average rate of return on investment using net present value:

The average rate of return is the internal rate of return on the project which is the rate that brings the net present value to zero.

Denote the rate as x => (1+x)^(-t) is the discount rate of year t. Denote 1+x as a, we have:

-814,400 + 210,000/a + 200,000/a^2 + 160,000/a^3 + 150,000/a^4 + 720,000/a^5 = 0 <=> a = 1.1785

=> x = 17.85%

6 0
3 years ago
Which of the following is an example of a service business?
Sunny_sXe [5.5K]

Answer:

Which of the following is an example of a service business?

Enterprise Rent-a-Car

Explanation:

Enterprise Rent-a-car is rendering a service which is to give away car to customer for a particular period or time in exchange for money so it is a service business

5 0
3 years ago
Suppose Jones Company manufactures chairs. One model is the executive chair that sells for $120. Jones Company projects sales of
Anestetic [448]

Answer:

$32,000

Explanation:

Cost of goods sold refers to all direct expenses incurred in producing goods and excludes all selling and indirect costs.

Cost of goods sold = Sales value - Gross Profit

Gross profit = Sales value - Direct costs - overhead costs

Gross profit per unit = $120 - ($50 + $ 20 + $10)

Gross profit per unit = $40 per unit

Gross profit in value = $40 per unit × No of units = $40 × 400 units = $16,000

Budgeted sales value = Selling price per unit × Budgeted sales units

                                     = $120 × 400 chairs = $48000

Thus, budgeted cost of goods sold = Budgeted sales value - Gross Profit in value

= $48000 - $16000 = $32000

<u>Note</u>: While computing gross profit, selling and administrative expenses would be excluded since those are used while computing net income. Also, cost of goods sold excludes selling and administrative i.e . indirect costs.

5 0
3 years ago
Bases of business or organizational market segmentation that center on the customer attributes are categorized as: Group of answ
sweet-ann [11.9K]

Hard qualitative criteria

Explanation:

The qualitative requirements in marketing begin with a quick-term target, in which the qualitative standards: architecture, online distribution platforms, customer satisfaction and e-loyalty are also included.

Briefly, the process of gathering large amounts of data by polls, surveys and voting techniques relates to quantitative market research. Qualitative market research, alternatively, involves trying to determine customer motivation through close analysis ––typically in a tiny group or face-to-face encounter.

5 0
3 years ago
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