| | | | | * Question 4 2 out of 2 points | | | Using the data below, determine the amount of consumer surplus, if any, in the market. The market clearing price for matinee tickets is $3 | Matinee TicketsWilling to Pay(WTP) | Tony | $1 | George | $2 | Deshon | $3 | Mario | $4 | Antonio | $5 | Brittney | $6 | | | | | | Selected Answer: | $6 | | | | | * Question 5 2 out of 2 points | | | Examine the graph below. The government has placed a $200 tariff on product z. The new equilibrium price is $600. What has happened to consumer surplus?
They send out thousands upon thousands of handbills requesting workers. In reality they are just trying to further their own wealth by paying workers lower and lower wages. If there are too many workers, they can pay as little as they want to. A man will not let his family go hungry when he can change it. He will gladly work for two cents per bucket of peaches.
As soon as everyone found out (thought) the stocks were worth much less, everyone sold and additional cash was needed to pay off all of their debts. Why did the stock market crash of 1929 effect the US in such a magnitude as it did? There are multiple answers to this question. One answer was because people didn’t buy stocks with money, like you would food. They bought stocks with other stocks and the assurance that the money they would give was in stock already.
A.cash B.unsecured loans C.time deposits D.U.S. government securities Question 12 of 20 5.0 Points Identify and describe the factors, in addition to supply and demand, that determine interest rates. Question 13 of 20 5.0 Points You need $8,000 four years from now for a down payment on your future house. How much money must you deposit today if your credit union pays 5% interest compounded annually? Pick the closest answer.
a) Prepare a cash budget for Sharpe covering the first seven months of 2004. b) Sharpe has $220,000 in notes payable due in July that must be repaid or renegotiated for an extension. Will the firm have ample cash to repay the notes? No, the firm will not have enough cash to pay the notes payable. Although there is enough ending cash if $200,000 is spent on the notes payable then there will be an insufficient amount to purchase raw materials or other expenditures. If the firm decides to use its cash for the notes payable it will then have to obtain financing to maintain the cash balance.
These funds were to pay off $114,000 of the $170,000 loan from Lester to this estate, which were then distributed to Lisa and your two nephews. The balance of $56,000 which was to he paid to you was never distributed to you. Those funds and the additional $100,000 that you personally borrowed were used to pay down the accounts payable balance. The individual that looked you the $100,000 per their note requires you to pay down the loan by $20,000 every six months starting 7/1/10. When we prepared your personal financial statements for the bank we discussed that your loans against your home are too high and that you should start reducing these down as
c. After purchasing a personal residence, Paul probably will no longer claim the standard deduction on the income tax return. Due to mortgage interest and property tax deductions he will itemize his deductions on Schedule A. 5. For wage earners, the tax system requires employers to withhold for taxes a specified portion of an employee’s wages. Persons with income form other than wages have to make quarterly payments to the IRS for estimated taxes due for the year.
The Maize stock would result in a long term capital gain property deduction of 200,000, the stock's FMV, and the recognition of the associated gain could be avoided. The Brown stock is considered ordinary income since if it were sold on the contribution date, a short-term capital gain would have been recognized (due to the holding period). Therefore, the deduction is limited to the FMV less the amount that would've been a STCG ($130,000), which is essentially the basis, $70,000) A cash donation would be deducted in full,
WEEK 5 Economic Efficiency, Government price setting and Taxes First, answer these questions-: Question 1: If the market price is $5, this means all consumers pay $5 for the quantity of goods or services they want at that price. This means, consumers have valued those goods and services at $5 each. 1. True 2. False Question 2: Free markets – that is, when there are lots of buyers and sellers interacting freely to reach equilibrium prices – always have the best outcomes.
In the AAA’s first year the supply of food outstripped the demand. The AAA could raise prices by paying farmers to destroy crops, milk and livestock. To control production and farm prices the AAA paid farmers to leave some of their land uncultivated. For example if the markets demand for wheat and cotton decreased the AAA would give money to farmers as subsides which are grants of money given to farmers or any other