Multiple Choice

Explain migration of population in economics. pls its urgent

daser333 [38]

Answer:

Migration refers to the movement of a group of people from one geographical region (location) to another geographical destination in search of better living conditions, work or social amenities.

Explanation:

Migration refers to the movement of a group of people from one geographical region (location) to another geographical destination in search of better living conditions, work or social amenities.

Migration selectivity can be defined as the likelihood or tendency that a subset (part) of a group of people are going to move (migrate) out of a particular geographical location or area.

Some of the factors that influence migration selectivity are income level, age, education, gender etc.

One way migration affects various locations across the world such as Texas, Brazil, Paris, Rome, Stuttgart, Kyiv, etc., includes the establishment of different restaurants. For example, the establishment of KFC, McDonalds, Mr Biggs were influenced by the migration of people across European cities and as such served as tourist attraction centers, thus, positively affecting the character of these places.

6 0

3 years ago

Rhonda, a general manager, makes a decision on behalf of the business that leads to some personal financial gains, while the com

noname [10]

Answer:

Conflict of interest .

Explanation:

The scenario depicts a conflict of interest. Rhonda's decision benefits Rhonda at the expense of the company. Rhonda does not fulfill the responsibility to ensure that the company stays profitable, which is a conflict of interest. A conflict of interest, one of the most common ethical issues identified by employees, exists when a person must choose whether to advance his or her own personal interests or those of others.

8 0

3 years ago

You plan to invest in bonds that pay 6.0%, compounded annually. If you invest $10,000 today, how many years will it take for you

kati45 [8]

Answer:

The answer is 16 years.

Explanation:

The formula for calculating the value of an investment that is compounded annually is given by:

$V(n)=(1+R)^nP$

Where:

$n$ is the number of years the investment is compounded,

$R$ is the annual interest rate,

$P$ is the principal investment.

We know the following:

$25000=(1+0.06)^n \times 10000$

And we want to clear the value n from the equation.

The problem can be resolved as follows.

First step: divide each member of the equation by $10,000$ :

$\frac{ 25000}{10000}=(1+0.06)^n \times \frac{ 10000}{10000}$

$2.5=(1.06)^n$

Second step: apply logarithms to both members of the equation:

$log(2.5)=log (1.06)^n$

Third step: apply the logarithmic property $logA^n=n.logA$ in the second member of the equation:

$log(2.5)=n.log (1.06)$

Fourth step: divide both members of the equation by $log1.06$

$\frac{log(2.50)}{log (1.06)} =n$

$n= 15.7252$

We can round up the number and conclude that it will take 16 years for $10,000 invested today in bonds that pay 6% interest compounded annually, to grow to $25,000.

6 0

3 years ago

You are the manager of a firm that manufactures front and rear windshields for the automobile industry. Due to economies of scal

Leya [2.2K]

Answer:

a. The optimal pricing strategy will be one-shot Nash equilibrium in which “You” charge low price, “Your Rival” charge low price and then the payoff is ($0, $0)

b. Yes, the anwer will differ becuase it is not possible to sustain the collusive outcome as a Nash equilibrium because $\pi ^{Cheat}$ > $\pi ^{Cooperate}$ .

Explanation:

a. Determine your optimal pricing strategy if you and your rival believe that the new Highlander is a "special edition" that will be sold only for one year.

Note: See the attached excel file for the Representation of one shot normal for of the game played between "You" and "Your Rival" together with the payoffs.

From the attached excel file, the dominant strategy is for “You” and “Your Rival” to charge “Low Price” each. If the dominant strategy is played by “You” and “Your Rival”, the optimal pricing strategy will be one-shot Nash equilibrium in which “You” charge low price, “Your Rival” charge low price and then the payoff is ($0, $0).

b. Would your answer differ if you and your rival were required to resubmit price quotes year after year and if, in any given year, there was a 60 percent chance that Toyota would discontinue the Highlander? Explain.

When we have a year-after-year competition between “You” and “Your Rival” but with a 60 percent chance that Toyota would discontinue the Highlander, the payoffs of the firm that continue to comply with the collusive strategy of charging “High Price” by each firm under the normal trigger strategy whereby “You” and “Your Rival” agree to charge high price as long as there is no past deviation by any of the firm, otherwise charge a low price is as follows:

$\pi ^{Cooperate}$ = $6 + $6(100% - 60%) + $6(100% - 60%)^2 + 6(100% - 60%)^2 …….

$\pi ^{Cooperate}$ = $6 / 6% = $10

Therefore, what the firm that cheats earn today is $11 million and it earns $0 forever. The implication of this is that $\pi ^{Cheat}$ = $11

Therefore, the anwer will differ becuase it is not possible to sustain the collusive outcome as a Nash equilibrium because $\pi ^{Cheat}$ > $\pi ^{Cooperate}$ .

Download xlsx

7 0

2 years ago

Froya Fabrikker A/S of Bergen, Norway, Is a small company that manufactures specialty heavy equipment for use In North Sea oil f

solmaris [256]

Answer:

1) JOURNAL ENTRIES

a) Debit Material Account $290,000 Credit Accounts Payable $290,000

b) Debit Work in process $ 275,000 Credit Material Account $275000

c) Debit Factory overheads $69300, Debit Selling and admin (utility expense) $7,700 Credit Accounts Payable $77,000

d) Debit Work in process $320,000 Debit Factory overheads $108,000

Credit Salary and wages Payable $428,000

e) Debit Factory overheads $72,000 Credit Accounts payable $72,000

f) Debit Selling and admin expense (Advertising) $154,000 Credit Accounts payable $154,000

g) Debit Debit depreciation expense $90000 Credit Accumulated depreciation on Factory equipment $67,500 Credit Accumulated depreciation on selling and admin facilities $22,500

h)Debit Factory rent $92000 Debit selling and admin rent $23000 Credit Accounts payable $115000

i) Debit Work in process $417,100 Credit Manufacturing overhead costs $417,100

j) Debit Finished goods $950,000 Credit work in process $950,000

k) Debit Accounts receivables $2,100,000 Credit Revenue $2,100,000

Debit cost of sales $980,000 Credit Finished goods $980000

2) DR Raw materials CR

opening bal 48000 work in process 275000

Accounts payable 290000 balance c/d 63000

338000 338000

work in process

opening balance 39000 finished goods 950000

Raw materials 275000 balance c/d 101100

salaries payable 320000

applied overheads 417100

1051100 1051100

finished goods

opening balance 78000 cost of sales 980000

work in process 950000 balance c/d 48000

1028000 1028000

Manufacturing overheads

accounts payable 69300 work in process 417100

salaries payable 108000

accounts payable 72000

depreciation 67500

Accounts payable 92000

cost of sales (over) 8300

417100 417100

selling and admin overheads

Accounts payable 7700 Profit and loss account 207200

Accounts payable 154000

Depreciation 22500

Accounts payable 23000

207200 207200

Accumulated depreciation on Factory equipment

balance c/d 67500 depreciation 67500

Accumulated Depreciation on selling and admin facilities

balance c/d 22500 depreciation 22500

Accounts payable

balance c/d 638700 raw materials 290000

accounts payable 69300

accounts payable 72000

Accounts payable 92000

Accounts payable 7700

Accounts payable 154000

Accounts payable 23000

638700 638700

cost of sale

Finished goods 980000 manufacturing overheads 8300

trading account 971700

980000 980000

sales

trading account 2100000 Accounts receivable 2100000

trading account

cost of sales 971700 sales 2100000

gross profit 1128300

3) cost of goods manufactured

direct material 275000

Direct labor 320000

applied overheads 417100

cost of goods manufactured 1012100

4a) Debit Manufacturing overhead 8300 Credit cost of sales 8300

4b) finished goods

opening 78000

work in process 950000

closing goods 48000

Cost of goods sold 980000

5)INCOME STATEMENT

SALES 2100000

COST OF SALES -971700

gross profit 1128300

selling and admin costs -207200

Net income $921100

Explanation:

5 0

3 years ago