Kathy quit her job as a financial advisor

How does capitalism differ from socialism when it comes to the ownership of property?

yKpoI14uk [10]

Ownership. In a capitalist economy, property and businesses are owned and controlled by individuals. In a socialist economy, the state owns and controls the major means of production. In some socialist economic models, worker cooperatives have primacy over production

8 0

3 years ago

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Which of the following is a type of tort?

Scrat [10]

Answer:

b

Explanation:

6 0

3 years ago

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The demand and supply curves are given by q=110−2p and q=3p−50, respectively; the equilibrium price is $32 and the equilibrium q

DaniilM [7]

Answer:

The Demand is given by $q^d=110-2p^d(1.07)$
The supply curve is by $q^s=3p^s-50$

Consumers will face a price of 33.29 and the equilibrium quantity will be 43.42.

These results illustrate that as a consequence of the tax, the price faced by consumers will be higher, quantity sold be lower, and producers will receive less for their product sale.

Explanation:

The Demand is given by $q^d=110-2p^d$
The supply curve is by $q^s=3p^s-50$

In the absence of taxes $p^s=p^d$ and $q^s=q^d$ .

An ad-valorem tax $t=0.07$ generates now that

$p^s=p^d(1+t)$

So the new equilibrium is

$110-2p(1.07)=3p-50$

$110+50=5.14p$

$p^s=31.12$

$p^d=33.29$

Replacing in the demand equation we get the equilibrium quantity

$q=43.42$

4 0

4 years ago

Beverages, Ltd., of Fiji uses the weighted-average method in its process costing system. It makes blended tropical fruit drinks

Fittoniya [83]

Answer:

Explanation:

1

Units %Material

Units completed & Transferred 289,000 100 289,000

Units of ending WIP 68,000 75 51,000

Equivalent units of production 340,000

% Conversion EUP Conversion

Units completed & transferred out 100 289,000

Units of ending WIP 25 17,000

Equivalent units of production 306,000

2

Material Conversion

Beginning WIP 20,000 6,200

Added cost in June 214,600 131,500

Total 234,600 137,700

Equivalent unit of production 340,000 306,000

Cost /equivalent unit 0.69 0.45

3

EUP Cost/ EUP Total

Material 51,000 0.69 35,190

Conversion 17,000 0.45 7,650

Total cost of ending WIP 42,840

for materials ,conversion

4

EUP Cost / EUP Total

Material 289,000 0.69 199,410

Conversion 289,000 0.45 130,050

Total cost of units transferred out 329,460

5

Reconciliation report

Cost of beginning WIP 20,000 6,200 26,200

Cost added in the month 214,600 131,500 346,100

Total 372,300

Cost of units transferred out 329,460

Cost of ending WIP 42,840

Total 372,300

8 0

3 years ago

A company has derivatives transactions with Banks A, B, and C which are worth +$20 million, −$15 million, and −$25 million, resp

timurjin [86]

Answer:

1. With Bilateral Clearing, where the company posts variation margin, but no initial margin:

The company has to provide collateral to Banks A, B, and C of $0 million, $15 million, and $25 million respectively.

Therefore, the total collateral required is $40 million.

2. With Central Clearing through the CCP, where the CCP usually requires an initial margin of $10 million:

The derivatives are netted against each other, and the company’s total variation margin is $20 million (–$20 + $15 + $25) in total.

The total margin required (including the initial margin) is, therefore, $30 million ($20 + $10 million).

Explanation:

a) Data and Calculations:

Worth of derivative with Bank A = +$20 million

Worth of derivative with Bank B = -$15 million

Worth of derivative with Bank C = -$25 million

b) In a bilateral clearing, the company and each bank (called market participants) enter into an agreement with each other to cover all outstanding derivative transactions between the two parties. On the other hand, in central clearing, a central clearing party (CCP) stands between the two sides of an OTC derivative transaction in much the same way that the exchange clearing house does for exchange-traded contracts.

3 0

3 years ago