In March 2012, the state of California started requiring that all packaging for food and drink with the additive 4-methylimidazole (4-MI) be clearly labeled with a cancer warning. Because of this, both Pepsi and Coke changed their formulas to eliminate 4-MI as an ingredient. If Pepsi and Coke did NOT change their formulas, holding all else constant, what do you think would have happened to the demand for these goods, assuming Pepsi and Coke were in a competitive market?
Answers
Answer:
Option E.
Explanation:
In case when Pepsi and Coke did not modify its formulas and keeping other things constant the demand for these goods is shifted to left as the price of the products would decline due to which the profit for both companies would fall
Moreover, the fall in demand is not due to an increase in price but it has harmful chemicals which shifted the demand curve to the left
hence, the correct option is E.
Related Questions
List the advantages and disadvantages of a Small Business:
Answers
Answer:
Kindly check explanation
Explanation:
Small businesses may be defined based on various criteria ranginging from the size of running capital, number of employees and even customer base. What is obvious is that most small business require very little capital, limited number of employees and small market size. Small businesses offers the following advantages :
Financial liberty which affords it's doers the ability to cater for themselves or buttress on their initial EARNING.
INCREASED RESPONSIBILITY : Business owners take absolute charge of business decisions thereby broadening their scope and offering more independence and greater control.
Another advantages of having a small business is the fact that efforts and commitment put into the sustenance and growth of the business will be duly reaped by the owner. Rather than having to work for someone else to earn a greater portion of the return.
However, it also has its disadvantages which ranges from :
Exposure to financial risk arising from business collapse such that one has to deal with the burden alone.
The effort put in to keep business aloft may become overwhelming due to lack of adequate employees which may result in health impairment.
Receivables are _________ on the __________, which are listed in order of ____________. a.current assets; balance sheet; liquidity. b.current liabilities; balance sheet; due date. c.current assets; balance sheet; importance. d.current liabilities; balance sheet; size.
Answers
Answer:
a.current assets; balance sheet; liquidity.
Explanation:
In Financial accounting, Accounts Receivable are considered to be a current asset because it is the payment a business firm would receive from its customers for goods purchased or services taken on credit. Also, accounts receivable are recorded in the current assets section of the balance sheet because they add value to a business firm.
Generally, current assets are considered to be liquid because they are listed on the balance sheet in the order (descending) in which they are expected to turn or be converted to cash within a relatively short term period.
Hence, receivables are current assets on the balance sheet, which are listed in order of liquidity.
Which situations are examples of how credit scores determine nonfinancial opportunities for consumers? Check all that apply.
Answers
Answer:
An employer hiring someone to handle financial information.
An apartment owner determine whether to rent a unit to someone.
A car insurance company predicting the likelihood of future claims.
Explanation:
Mark me brainliest
The situations which determine the non-financial opportunity are an employer determining whether a job candidate is smart, an apartment owner determining whether to rent a unit to someone and a car insurance company predicting the likelihood of future claims. Thus option (A), (D) and (F) are correct.
What is Credit scores?Credit scores refer to the creditworthiness of a consumer, is indicated by a number between 300 and 850. The better a borrower seems to potential lenders, the higher their score.
A credit score is based on a person's credit history, including the number of open accounts, total amount of debt, history of repayment, and other elements.
The non-financial opportunity is determined by circumstances such as an employer evaluating a job applicant's intelligence, an apartment owner choosing whether to rent a space to a certain person, and a car insurance provider estimating the possibility of future claims.
Therefore, it can be concluded that option (A), (D) and (F) are correct.
Learn more about credit scores here:
https://brainly.com/question/25668115
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Your question is incomplete, but most probably the full question was...
List of options:
A. an employer determining whether a job candidate is smart
B. an employer hiring someone to handle financial information
C. an apartment owner gauging whether a tenant might break the rules
D. an apartment owner determining whether to rent a unit to someone
E. a car insurance company setting rates based on where someone lives
F. a car insurance company predicting the likelihood of future claims
When property rights are well defined and markets are: competitive market equilibrium violates the conditions for economic efficiency.market equilibrium is consistent with economic efficiency.conditions necessary for economic efficiency no longer apply.quantity supplied will rarely equal the quantity demanded.
Answers
Complete Question:
When property rights are well defined and markets are competitive, the
Group of answer choices:
a. market equilibrium violates the conditions for economic efficiency.
b. market equilibrium is consistent with economic efficiency.
c. conditions necessary for economic efficiency no longer apply.
d. quantity supplied will rarely equal the quantity demanded.
Answer:
b. market equilibrium is consistent with economic efficiency.
Explanation:
A property right is the exclusive or sole authority which determines the legal ownership of resources and how these resources are to be used, whether by individuals or government.
Also, a competitive market is a type of market that comprises of numerous producers who compete with each other so as to satisfy or meet the material needs and wants of consumers at a specific period of time.
Hence, when property rights are well defined and markets are competitive, the market equilibrium is consistent with economic efficiency.
This ultimately implies that, when the ownership of resources are well defined and markets are competitive, all benefits from trade between the consumers and producers of goods and services has been maximized, and each units creating more benefit to the consumers than cost have been produced in the economy.
The You Design, We Build Company makes custom furniture of all kinds. The firm has evolved into a big business due to quality and innovative work. Recently, top management asked company departments to list and evaluate the kinds of socially responsible efforts conducted internally and externally in the business and to list negative occurrences that supervisors observed. Top management is essentially conducting a(n)
Answers
Answer:
and thats how manfi works123
Explanation:
:hand emoji:
12313
2. Demand for Riana's product in the U.S. is inconsistent. When orders are slow, she sometimes needs to shut down production to help control inventory levels. One way Riana could improve her firm's situation is to
Answers
Answer:
One very feasible solution to Rianas business challenge is to explore and take advantage of other markets outside of the United States of America.
Explanation:
In other words, she needs to come up with a business strategy that includes exportation of her products.
The target market(s) must be carefully analyzed for ease of entry, competition, etc. She must be able to accurately distinguish her products in those markets.
When entering new terrains as an exporter, it is usually better to look for markets with higher:
Ease of entryEase of doing businessEase of communication etc.Desk research alone will not suffice. Riana must try to visit the country she is planning to expand into. Next, her pricing, product positioning etc must be flawless. It will help Riana to also seek help from a business growth consultant who knows the new terrain very well.
Cheers!
Dragonfly, publisher of children's books, has purchased White Rabbit, another publisher of children's books. Both companies' books are sold to the same retail stores and schools. Their content is different because Dragonfly produces children's literature, whereas White Rabbit focuses on child-level nonfiction scientific and nature topics. Which of the following statements is probably true about this acquisition?
A. This is a horizontal acquisition.
B. This is an example of virtual integration.
C. Dragonfly is beginning to build a conglomerate.
D. Economies of scope are unlikely to result from this acquisition.
Answers
Answer:
C.
Explanation:
conglomerate is a thing consisting of a number of different and distinct parts or items that are grouped together.
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2021. Power Drive has the following transactions affecting stockholders' equity in 2021.
March 1 Issues 55,000 additional shares of $1 par value common stock for $52 per share.
May 10 Purchases 5,000 shares of treasury stock for $55 per share.
June 1 Declares a cash dividend of $1.50 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.)
July 1 Pays the cash dividend declared on June 1.
October 21 Resells 2,500 shares of treasury stock purchased on May 10 for $60 per share.
Required:
Record each of these transactions.
Answers
Answer and Explanation:
The journal entries are shown below:
On March 1
Cash Dr (55,000 × $52) $2,860,000
To Common stock (55,000 × $1 per share) $55,000
To Additional paid in capital - common stock $2,805,000
(Bein the issuance of the common shares are recorded)
On May 10
Treasury stock Dr (5,000 shares × $55) $275,000
To Cash $275,000
(being the purchase of treasury stock)
On June 1
Dividend Dr (150,000 shares × $1.50) $225,000
To Dividend payable $225,000
(Being the cash dividend is declared)
On July 1
Dividend payable Dr (150,000 shares × $1.50) $225,000
To cash $225,000
(being the dividend paid is recorded)
On October 21
Cash Dr (2,500 shares × $60) $150,000
To Treasury stock (2,500 shares × $55) $137,500
To Additional paid in capital - treasury stock $12,500
(Being the reissuance of the treasury stock is recorded)
The federal budget is balanced and the economy is on the upward-sloping portion of the Laffer curve. Then, tax rates are cut and government purchases are increased. Is a budget deficit inevitable?
Answers
Answer:
Yes, the budget deficit is inevitable.
Explanation:
When the economy is on the upward-sloping portion of the Laffer Curve, any increase in tax rates will produce more revenue, and any decrease in tax rates will produce less revenue. This is because tax rates are not yet at the optimal point of the Laffer curve.
In this case, the federal budget was balanced, but the goverment cut tax rates while being on the upward-sloping portion of the Laffer curve, which means that tax revenue decreased. However, at the same time the government increased government purchases, and the combination of less tax revenue and more government spending will naturally result in a budget deficit.
As vice president for sales and marketing, Carole conducts a survey asking customers their impressions of the product offering, the quality of the product, and their level of customer satisfaction. Carole can use the survey results to:
Answers
Answer:
Explanation:
Carole can use the information gathered by the survey in order to see what the potential customers are thinking about the product. This will allow Carole to decide whether or not changes need to be made to the product in order to increase the overall positive feedback and at the same time increase sales for that product. The more potential customers feel positively towards the product the more individuals will actually purchase it.
Etsuro is a management consultant. Baker Corp. asks him to evaluate their company, and he finds that the difference between the cost of producing the firm's products and the value of those products is extremely narrow. What should Etsuro suggest that Baker Corp. management do? Find a way to pass on as much profit as possible to suppliers and customers. Find a way to widen the gap between cost and value. Shore up the company's strong position by erecting entry barriers. Encourage customers to buy complements to their products.
Answers
Answer:
find a way to widen the gap between cost and value
Explanation:
Since in the question, it is mentioned that Baker Corp wants to evaluate the company and determine the difference between the cost for producing the products and the value
So here Baker corp should find a way to broaden the gap between the gap and value so that the company could able to find out where is the mistake is done so that it could be improved
Hence, the second option is correct
Coffee Roasters, Inc., sells whole bean and ground coffee to Delicioso Deli under an existing contract. When the cost of coffee beans increases, Delicioso agrees to a price increase, but later wants to cancel the contract. Delicioso may
Answers
Complete/Correct Question:
Coffee Roasters, Inc., sells whole bean and ground coffee to Delicioso Deli under an existing contract. When the cost of coffee beans increases, Delicioso agrees to a price increase, but later wants to cancel the contract. Delicioso may
a. not cancel the contract.
b. cancel the contract only on reasonable notice.
c. cancel the contract immediately.
d. cancel the contract only after accepting a final shipment.
Answer:
a. not cancel the contract
Explanation:
Since there is a new contract which negates the old one and which carries the new price increase, Delicioso may not cancel the contract.
Cancelling the contract by Deliciso will lead to loss for Delicioso as it will have to pay damages amongst other things for breaching the contract with Coffee Roasters Inc.
With this in mind, Delicioso has to go through with the contract before renegotiating another contract.
Cheers.
A reduction in the number of kanbans (given a constant container size) requires: Group of answer choices an increase in lead time while keeping safety stock constant an increase in safety stock while keeping lead time constant a reduction in safety stock and/or lead time an increase in safety stock and/or lead time
Answers
Answer: a reduction in safety stock and/or lead time
Explanation:
Kanban is a visual system that is used for the management of work as the work moves through a process. It should be noted that it is a concept that tells one what to produce, quantity to produce and when to produce it.
A reduction in the number of kanbans (given a constant container size) requires a reduction in safety stock and/or lead time.
Hung and Suzanne’s company has instituted a new volunteering program where more experienced employees mentor the youngest employees, many of whom are fresh from college or internships. Hung signs up, but Suzanne does not. A few months later, how does Hung likely feel about having become a volunteer?
Answers
Answer: E) She feels more engaged in the company and in her primary role.
had to complete the question.
A) She enjoys it, but her colleagues think she is kissing up to the management.
B) She feels resentful, since she is essentially working for free.
C) She likes it but feels her mentees take advantage of her time, becoming a distraction.
D) She likes it but finds the extra time commitment a major problem.
E) She feels more engaged in the company and in her primary role.
Explanation: since she has taken up the companys new volunteering scheme/ programme after a few months Hung would feel more engaged in the company and in her primary role. This is so becau Hung has succed to pass down her knowledge and experience through the program to young interns who are new to the job world and lack the technical know how to perform such task and duties.
Find the answer to the following question: Where should students go for information about their degree program, how many credits they need to graduate, how many credits each course is, etc.? Select one: a. Students should visit the University Catalog to find answers to these questions. b. Students should contact Student Services to ask these questions. c. Students should ask their Instructors these ques
Answers
Answer:
Students should visit the University Catalog to find answers to these questions.
Explanation:
College or university catalog refers to the written document that includes all the information related to them. It is a form of publication from the university's end comprising all the necessary details and information. The catalog describes all the academic programs offered by the university and the rules and regulations. The requirements and procedures to be followed are also stated in the catalog.
As per the given excerpt, the student should visit the University Catalog for all the information that he is looking for.
Two economies are identical except that the level of capital per worker is higher in Highland than in Lowland. The production functions in both economies exhibit diminishing marginal product of capital. An extra unit of capital per worker increases output per worker:
Answers
Answer:
An extra unit of capital per worker increases output per worker MORE IN LOWLAND compared to Highland
Explanation:
The economies of highland and lowland are identical.
They both have different level of capital per worker.
The level of capital in Highland is higher.
Production function in the two economies exhibit diminishing marginal product of capital.
An extra unit of capital per worker increases output per worker more in lowland compared to Highland because of the higher level of capital in Highland.
John purchases a life insurance policy on his wife Betty where he pays the premium and he will receive the life insurance money when she dies. John is both the ________ and the ________ who will receive the ________ upon the death of Betty, the ________.
Answers
Answer:
Policy owner
Beneficiary
Face amount
Insured
Explanation:
John is both the “Policy owner” and the “Beneficiary” who will receive the “ Face amount” upon the death of Betty, the “Insured”.
The term policy owner is used to refer to a person who buys and pays the premium. At the same time, a beneficiary is a person who receives the face amount that was on the name of the insured (Betty).
It is given that John has bought the policy and paying the premium so he is the owner. Moreover, he is the beneficiary because he is getting the insurance amount after the death of betty who is insured.
Abbey Co. sold merchandise to Gomez Co. on account, $25,700, terms 2/15, net 45. The cost of the goods sold was $14,731. Abbey Co. issued a credit memo for $3,100 for merchandise returned that originally cost $1,458. Gomez Co. paid the invoice within the discount period. What is the amount of gross profit earned by Abbey Co. on the above transactions?
Answers
Answer:
Abbey Co.
Amount of gross profit earned by Abbey Co:
Net Sales = $22,600
Cost of goods sold 13,273
Gross profit $8,327
Explanation:
a) Data and Calculations:
Sales = $25,700
Sales returns = 3,100
Net Sales = $22,600
Cost of goods sold = $14,731
Inventory returned 1,458
Adjusted cost of goods sold $13,273
The gross profit is a function of sales revenue and cost of good sold. It is the first profit that is determined in the income statement. It tells the efforts of management to turn sales revenue into some profits, which will be used to offset the period's expenses before the net income could be arrived at.
The direct write-off method of accounting for uncollectible accounts Group of answer choices emphasizes the matching of expenses with revenues is often used by small companies and companies with few receivables emphasizes balance sheet relationships emphasizes cash realizable value
Answers
Answer:
is often used by small companies and companies with few receivables
Explanation:
Accounts receivable are payments a company is supposed to recieve from its debtors at some point in the future. However when the debts cannot be collected the direct method is used to write off the debt.
This method is generally used by small businesses and those with few account receivables.
The journal entry passed will debit Bad Debts Accounts and credit Accounts Receivable.
Direct write off is not generally used because it overstates profit from sales by overstating accounts receivable.
The allowance method gives a clearer picture of profit and debt profile of the business
An American company wants to launch a new product in Madrid. Freda asks her product manager to distribute some samples to potential customers there so that she can gauge the consumer preferences there before introducing the product. Freda is attempting to reduce the degree of economic and/or social risk, also known as ________, associated with product use.
Answers
Answer: Trialability
Explanation: An American company wants to launch a new product in Madrid. Freda asks her product manager to distribute some samples to potential customers there so that she can gauge the consumer preferences there before introducing the product. Freda is attempting to reduce the degree of economic and/or social risk, also known as ________, associated with product use.
A. billability B. docibility C. invincibility D. trialability E. partibility
Freda by distributing samples of her new product to potential customers in order to gauge their preferences before introducing the product to market is involved in trialability which describes the ease with which potential customers or adopters can try a new product, service or innovation. As it serves to reduce the degree of economic and/or social risk, it is also quite important for innovative products that have to be experienced in order to see or feel their value.
The percentage of Americans with college degrees has risen dramatically since 1910. The functionalist explanation would be that this increase is a response to changes in the economy. Identify the problems with this explanation.
Answers
Answer: The drastic increase in the average education level goes beyond the demand for the current economy (1910).
After college degrees, most of the students search for jobs but if the percentage of Americans with college degrees has risen drastically country cannot afford jobs for such a high number.
Also, college degrees have nothing to do with the skills required for the job.
so it will increase unemployment.
And it will cause erosion of skills, basically robbing the economy of otherwise brilliant talents.
A company purchased property for $100,000. The property included a building, a parking lot, and land. The building was appraised at $54,000; the land at $51,400, and the parking lot at $19,600. Land should be recorded in the accounting records with an allocated cost of: Multiple Choice $0. $51,400. $100,000. $47,120. $41,120.
Answers
Answer:
$41,120
Explanation:
Since we know that assets are recorded in accounting at their purchase price including related costs.
Therefore;
The total appraised value = $54,000 + $51,400 + $19,600
= $125,000
Since the appraisal value for the land is $51,400, then the land will be recorded as ;
= $51,400/$125,000 × $100,000
= $41,120
Action Travel has 10 employees each working 40 hours per week and earning $20 an hour. Federal income taxes are withheld at 15% and state income taxes at 6%. FICA taxes are 7.65% and unemployment taxes are 3.8% of the first $7,000 earned per employee. What is the actual direct deposit of payroll for the first week of January
Answers
Answer:
$5,708
Explanation:
Computation of the actual direct deposit of payroll for the first week of January
The First step is to find the total salary expenses
Total salary expenses= 10 employees × 40 hours × $20
Total salary expenses= $8,000
Second step is to calculate the actual direct deposit of payroll
Total salary expense $8,000
Federal income tax rate ($1,200)
($8,000*15%)
State income tax rate ($480)
($8,000*6%)
FICA tax rate ($612)
($8,000*7.65%)
Actual direct deposit $5,708
Therefore the actual direct deposit of payroll for the first week of January will be $5,708
Suppose the board of Nathan Corporation decided to do the share repurchase in problem 1-part b, but you, as an investor, would have preferred to receive a dividend payment. How can you leave yourself in the same position as if the board has elected to make the dividend payment instead
Answers
Answer:
If we sell 0.5 / 15 of one share we will receive $0.50 and the remaining shares will worth $14.50. This will be the same position as if the firm had paid a dividend.
Explanation:
Nathan Corporation is deciding to whether to repurchase shares. It is a decision made by company and its management to boost value of its stock. If the board makes a decision to make dividend payment then we will receive $0.50 per share. The share price total will be $14.50 which is same whether we receive dividend or not.
A buyer and a seller enter a contract for the sale of a three-bedroom residential property. Shortly after the contract is in place, the buyer has an inspection done. As a result of the inspection, the buyer wants the seller to fix the fence and replace the garage door opener. The seller refuses. How should the parties proceed
Answers
Answer:
Explanation:
In this specific scenario, it can be said that the fixes do not become part of the sales agreement. Both parties agreed to the details specified in the contract/agreement, therefore if one of the involved parties is not willing to agree to a specific amendment to a contract then ultimately the original contract remains in place. Meaning that the seller has no legal obligation to fix the fence or garage door opener, and a new agreement must be created for those fixes, while the original agreement stands.
In the consumer purchase decision process for Coppertone products, the problem recognition stage is typically triggered either by "going somewhere" like a vacation, beach, or pool, or through what
Answers
Answer:
heightened awareness of the need to protect skin regularly.
Explanation:
There are five stages in the consumer purchase decisions, they are; Problem recognition stage, information search, evaluation of alternatives, purchase decision and post purchase evaluation.
The problem recognition stage is where the consumer have a need hence recognizes that such need or problem could be met by a product or service in the market. In this stage, the consumer or buyer knows exactly the difference between his or her actual need and some need that needed to be met. Consumer's need in this stage could be heightened through internal action such as being thirsty or hungry and then external factors such as spoken words.
With regards to the above scenario, the customer have a specific need which is heightening awareness of the need to protect his or her skin regularly but knew quite well that such need could be met either by going to a pool, beach or go for a vacation.
Soho Bottling was started in a kitchen in Brooklyn, New York, and makes soft drinks. After going through the various steps in the new-product development process, when the company finally entered the commercialization stage of the new product development process, they knew to succeed they would have to
Answers
Answer:
promote the product to distributors and retailers to get wide distribution
Explanation:
In this scenario, they knew to succeed they would have to promote the product to distributors and retailers to get wide distribution. This would allow them to get their product in front of as many potential customers as possible. This is a necessity for every company. Otherwise, their target client population would not be able to purchase their product, or may even have a hard time doing so and change their minds on the purchase, thus drastically hurting Soho Bottling's profits.
In the context of causal forecasting models with multiple regression, an R-squared (R2) value of 0.70 means that 30 percent of the variation in the dependent variable is explained by the independent variable.
a. True
b. False
Answers
Answer:
b. false
Explanation:
Regression analysis is a commonly used type of statistics that helps one to infer or determine if there is a relationship between two variables. One variable is dependent while the other is independent.
In the above question, a R² value of 0.70 means that the variation between the dependent and independent variables have more effect on the population and can be said to be a strong effect size.
Cheers
Machinery was purchased on January 1 for $51,000. The machinery has an estimated life of 7 years and an estimated salvage value of $9,000. Double-declining-balance depreciation for the second year would be (round calculations to the nearest dollar):
Answers
Answer:
$10,408
Explanation:
The computation of the depreciation expense for the second year using the double-declining balance depreciation method is shown below:
First we have to determine the depreciation rate which is shown below:
= One ÷ useful life
= 1 ÷ 7
= 14.28%
Now the rate is double So, 28.57%
In year 1, the original cost is $51,000, so the depreciation is $14,571 after applying the 28.57% depreciation rate
And, in year 2, the ($51,000 - $14,571) × 28.57% = $10,408
Paper Exchange has 80 million shares of common stock outstanding, 60 million shares of preferred stock outstanding, and 50 thousand bonds. If the common shares are selling for $20 per share, the preferred shares are selling for $10 per share, and the bonds are selling for 105 percent of par, what would be the weight used for preferred stock in the computation of Paper's WACC?
Answers
Answer:
26.64%
Explanation:
Common stocks outstanding (C) = 80 million
Preffered stock outstanding (P) = 60 million
Number of bonds (B) = 50,000
Cost of common stock (Cc) = $20 per share
Cost of Preffered stock (Cp) = $10 per share
Cost of bond (Cb) = 105% of par
Weight of preferred stock :
(P * Cp) / [(P*Cp) + (C*Cc) + (B * Cb * par value)]
(60mill * $10) / [(60mill * $10) + (80mill * $20) + (50000 * 1.05 * 1000)]
600mill / (600 mill + 1600mill + 52.5mill)
600,000,000 / 2252500000
= 0.2663706
= 26.64%