Jade has midterms in economics and astronomy tomorrow and only has four hours left to study. The accompanying table provides the combinations of time spent studying economics and astronomy and her expected exam scores.


Hours Spent Studying Economics Economics Exam Score Hours Spent Studying Astronomy Astronomy Exam Score
0 60 0 70
1 80 1 83
2 90 2 87
3 95 3 90
4 98 4 92

Required:
a. Use a graph to plot the production possibilities frontier for Jade's study options.
b. Suppose Jade spends the first two hours studying economics. The opportunity cost of spending the third hour studying economics is __________ points on her __________exam.
c. Suppose Jade’s goal is to maximize her combined exam scores. Calculate how many hours she should spend studying economics and how many hours she should spend studying astronomy.

Jade should spend _________hours studying economics and _______hours studying astronomy.

d. Suppose Jade's laptop dies and refuses to start up. All her notes and class materials (for both classes) are saved on its hard drive.

Jade's production possibilities curve will ______________, because studying

Answers

Answer 1

Answer:

a. This part can be drawn here, so I have attached it in the attachment. Please refer to attachment for this part of the question.

b. First blank = 13 marks

2nd Blank = Astronomy

c. Economics for 3 hours

Astronomy for 1 hour

d. In this case, Jade's Performance Possibility Frontier graph will shift to left. As obviously, she will get low marks in both exams if her laptop dies.  

Explanation:

Jade have total 4 hours to study and have two exams of Economics and Astronomy. If she only studies Economics then she will lose marks in Astronomy and vice versa. So, she needs to plan wisely to gain optimum marks and this questions is all about the planning.

Solution:

a. This part can be drawn here, so I have attached it in the attachment. Please refer to attachment for this part of the question.

b. Supposing Jade spend first 2 hours studying economics.

It means from the data, she would obtain 90 marks in Economics.

Now, the other part is asking that, if she spends 3rd hour studying Economics then what is the opportunity cost of spending that hour. And how much marks she will compromise for the other subject

So,

Suppose, she spends that 3rd hour studying Astronomy. So, according to data given, she will acquire 13 marks in Astronomy. And it is exactly the opportunity cost of spending the third hour studying Economics.

First blank = 13 marks

2nd Blank = Astronomy

c. In order to maximize the score from the combination of exams, Jade need to study Economics for 3 hours which will give her total marks = 95 marks

and she need to study Astronomy for 1 hour which will give her total marks = 83 marks.

In this combination, she will get maximum marks = 95 + 83 = 178 marks

d. In this case, Jade's Performance Possibility Frontier graph will shift to left. As obviously, she will get low marks in both exams if her laptop dies.  

Jade Has Midterms In Economics And Astronomy Tomorrow And Only Has Four Hours Left To Study. The Accompanying
Answer 2

It should be noted that when Jade spends the first two hours studying economics. The opportunity cost of spending the third hour studying economics is 4 points on her astronomy exam.

Opportunity cost simply means the real cost of a foregone alternative. It is what one leaves in order to do something else. Also, Jade should spend 3 hours studying Economics and 1 hour studying astronomy.

Lastly, when Jade's laptop dies and refuses to start up. All her notes and class materials (for both classes) are saved on its hard drive, the production possibilities curve will shift to the left because studying becomes more difficult.

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Jade Has Midterms In Economics And Astronomy Tomorrow And Only Has Four Hours Left To Study. The Accompanying
Jade Has Midterms In Economics And Astronomy Tomorrow And Only Has Four Hours Left To Study. The Accompanying

Related Questions

You are given an annuity-immediate with 11 annual payments of 100 and a final balloon payment at the end of 12 years. At an annual effective interest rate of 3.5%, the present value at time 0 of all the payments is 1,000. Using an annual effective interest rate of 1%, calculate the present value at the beginning of the ninth year of all remaining payments.

Answers

Answer:

The present value at the beginning of the ninth year of all remaining payments is 316.09

Explanation:

It is assumed that it is an ordinary annuity.

First, we need to calculate the final payment.

Use the following formula to calculate the final payment

Final Payment When an annuity is ordinary

Final payment = fv(rate,nper,pmt,pv) * (1+3.5%)

Where

rate = 3.5%

nper = 11

pmt = 100

pv = -1,000

Placing values in the formula

Final payment = fv(3.5%,11,100,-1000)*1.035

Final payment = $150.87

Now calculate the present value at the beginning of the ninth year of all remaining payments.

Present Value = ( Ninth payment / ( 1 + interest rate )^9 ) + ( Tenth payment / ( 1 + interest rate )^10 ) + ( Eleventh payment / ( 1 + interest rate )^11 ) + ( Final payment / ( 1 + interest rate )^11 )

Present Value = ( 100 / ( 1 + 3.5% )^9 ) + ( 100 / ( 1 + 3.5% )^10 ) + ( 100 / ( 1 + 3.5% )^11 ) + ( 150.87 / ( 1 + 3.5% )^11 )

Present Value = 73.37 + 70.89 + 68.49 + 103.34

Present Value = 316.09

Examine the credit terms below
Interest Rates and Interest Charges
0% introductory APR for 10 months.
Annual Percentage Rate (APR) for purchases after that, your APR will be 10.99%, 15.99%, or 17.99% based on your creditworthiness. This APR will vary with the market, based on the Prime Rate.
Why would the lender offer a lower introductory APR for 10 months?
To reduce its profits
O To eliminate its risk
To entice consumers to use its credit card
To encourage consumers to apply for secured loans

Answers

Answer:

To entice customers to use it's credit card

Explanation:

Credit Card companies use tactics like this because it sounds more appealing then having to start paying immediately. This gives them an advantage over other companies that don't offer this making more people want to use their credit card.

In the above situation, the lender is offering a lower introductory APR for ten months to entice the consumers to use its credit card.

What is a credit card?

A credit card is a form of plastic and digital money, which is used to pay for the purchases of the cardholder against the credit limit offered to the consumers.

APR is the rate at which the interest rate charged to the credit card holders in case of defaulted or late repayments. Low APR is attractive for the consumers as they can get to use a credit limit.

Hence, option C holds true regarding a credit card.

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#SPJ2

A volume variance occurs when the company operates at a different capacity level than was expected.

a. True
b. False

Answers

Answer: a.True

Explanation:

A simple trust has ordinary income of $56,000, a long-term capital gain of $20,000 (allocable to corpus), and a trustee commission expense of $5,500 (payable from corpus). The two income beneficiaries, Woo and Jae, are entitled to the trust's annual accounting income, based on shares of 60% and 40%, respectively. Woo is allocated DNI of $________ and Jae is allocated DNI of $._________

Answers

Answer:

Woo is allocated DNI of $30,300 and Jae is allocated DNI of $20,200

Explanation:

Item                                Totals     Accounting     Taxable   Distributable N.I.

                                                        Income           Income    /Deductions

Ordinary income       56,000      56,000           56,000

Net long-term capital   20,000                             20,000

gain

Fiduciary fees              -5,500                               -5,500

Personal exemption                                               -300

Accounting Income/ Taxable        56,000           70,200      70,200

Income before the Distributions

Deduction

Exemption                                                                                   300

Corpus Capital Gain/Loss                                                         -20,000

Distributable Net Income                                                          50,500

Distribution Deduction                                            50,500

Entity Taxable Income                                              19,700

Distributable Net Income

Woo allocated DNI = 50,500 * 60% = $30,300    

Jae allocated DNI = 50,500 * 40% = $20,200

Which of the following statements is NOT true regarding the master production​ schedule? A. The master production schedule is a timetable that specifies what is to be made and when. B. The master production schedule is a result of disaggregation. C. The master production schedule is a sales forecast. D. The master production schedule provides input to material requirements planning systems.

Answers

Answer:

C  is not true so it is the correct answer  

Explanation:

The statement that is not true about master production schedule is "C. The master production schedule is a sales forecast."

The term "master production schedule (MPS) is used to refer to the specific allotted time period for the production of each commodity. This means that each individual commodity is given a specific scheduled time for its production.

MPS shows the scheduled idea of what product is to be produced and in how much time. This schedule allows for the presentation of what specific commodity is to be produced and at what time. This schedule is a sort of timetable that regulates and monitors the production of individual commodities. It also provides inputs about the materials required and helps in the planning systems. But what it does not do is predict the sales or provide a forecast of sales.

While the Master Production Schedule is used more like a timetable to regulate and identify what item has to be produced and when it also helps in the proper production and keeping tabs on the production schedule. Thus, the statement that is wrong about the MPS is option C.

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Maple Farms, Inc. v. City School District of Elmira. Read the summary of the court opinion. Could something like this bankrupt a company? Do you agree with the decision? Why? How does a company avoid this type situation?

Answers

The correct answers to these open questions are the following.

Maple Farms, Inc. v. City School District of Elmira.

Could something like this bankrupt a company?

Yes, it can, if the proper forecast were not done taking into consideration all of the possible variables at medium and long-range.

Do you agree with the decision?

It was a tough decision because the court declared in its decision that the performance was not impracticable, as Maple Farm Inc indicated when decided to break the contract.

In strict theory, I agree with the court's decision because the explanation was that an "impractical" occurred when an event happened totally unexpected. And in this case, Mapple Farm Inc could have taken extra provisions knowing that milk had a 10% increase the last year and had the chance of more increases in the present year.

That is how a company can avoid this type of situation. Taking better provisions, contemplating all kinds of variables, knowing that in the future, something unexpected can happen and could be prevented with the proper forecast.

Penney Fashions is adding a new line of shoes to the company portfolio and has the following information: the expected market return is 13%, the risk-free rate is 3%, and the expected return on the new project is 11%. What is the beta of the project?

Answers

Answer:

0.80

Explanation:

Based on the Capital Asset Pricing Model(CAPM), the formula for determining the expected return on the project stated below can be used to determine the beta of the project, whereby the formula is rearranged such that the project beta is made the subject of the formula:

expected return=risk-free rate+beta*(market return-risk-free rate)

expected return on the project=11%

risk-free rate=3%

beta=the unknown

market return=13%

11%=3%+beta*(13%-3%)

11%=3%+beta*10%

11%-3%=beta*10%

8%=beta*10%

beta=8%/10%=0.80

Differences between a job order cost system and a process cost system include all of the following except the

a. flow of costs.
b. documents used to track costs.
c. point at which costs are totaled.
d. unit cost computations.

Answers

Answer:

a. flow of costs.

Explanation:

job order costing system is used mainy by companies that make small quantities of distinct products or performs unique services that sticks to specifications as design by the purchaser.

Which of these is not a responsibility of homeownership?a) Being a courteous neighborb) Getting appraisals done annuallyc) Keeping your home properly insuredd) Keeping your home safe and securee) Regular home maintenance

Answers

Answer: Being a courteous neighbor

Explanation:

Homeownership simply means having a home by an individual. Some of the responsibilities of homeownership include paying taxes, paying water bills, cleaning gutters, making mortgage payments, keeping the home insured, keeping the home safe, home maintenance etc.

It should be noted that being a courteous neighbor is not a responsibility of a homeownership. Therefore, the correct option is A.

A web interface which represents integrated personalized business content delivered to senior managers is

Answers

Answer:

Web portal

Explanation:

A web portal, simply called a portal, is a specifically designed website that provides specific and relevant information to its users. The information is accessed from a single interface. A portal serves as a reference point or a collection of categorized content.

In an organization, a web portal can be designed to present content relevant to senior managers only. The portal allows the senior managers to search, navigate and apply content relevant to their duties from a single interface point

Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.92 million and create incremental cash flows of $580,127.00 each year for the next five years. The cost of capital is 9.52%. What is the internal rate of return for the J-Mix 2000?

Answers

Answer:

15.54 %

Explanation:

The Internal Rate of Return (IRR) is the Interest rate that will make the present value of Cash Flows equal to the price or initial investment.

Step 1

First determine the summary of Cash Flow of the project.

The Projects` cash flows are as follows :

Year 0 = $1,920,000

Year 1 = $580,127.00

Year 2 = $580,127.00

Year 3 = $580,127.00

Year 4 = $580,127.00

Year 5 = $580,127.00

Step 2

Calculate the IRR.

From this point i will use a Financial Calculator. The Function to use is the CFj for uneven Cash Flows.

($1,920,000)            CFj

$580,127.00            CFj

$580,127.00            CFj

$580,127.00            CFj

$580,127.00            CFj

$580,127.00            CFj

Shift IRR/YR      15.5415 or 15.54 %

Conclusion :

The internal rate of return for the J-Mix 2000 is 15.54 %

In what order do managers typically perform the managerial functions?

Answers

Planning, organizing, leading, and controlling are the four common functions and are performed in that exact order.

A 10-year loan of 120,000 is to be repaid with payments at the end of each month. Interest is at an annual effective rate of 6.00%. The first monthly payment is 800. Each additional payment will be k more than the previous month payment. Find k.

Answers

Answer:

k = 9.73.

Explanation:

So, from the question we are given the following parameters or information which are going to be useful in solving this problem, They are:

=> The total amount that was borrowed = 120,000, the number of years to repay the loan = 10 years, the annual interest rate = 6% and the first payment = 800.  

STEP ONE: Determine the present value.

We are going to need to determine the value for the compound interest which is given as: [(1 + 6%)^(1/12) - 1) × 12 = 5.841%

Therefore, the present value calculated as thus:

= 800/ (5.841 / 12) × ( 1 - 1/ (1 + 5.841/12)^(12 ×10)) = 72579.33.

STEP TWO: Determine the value of k.

The other value,r = k / (5.841 /12 × (1 + 5.841 /12)^(12 × 10))× [ (1 + 5.841 / 12)^(12 × 10 )- 1)/( 5.841 /12) -12 × 10).

= 4872.45 × k.

Therefore, 120,000 = 72579.33 + 4872.45 × k.

k = 9.73

Challenges to Employee Development Special challenges in employee development include overcoming the barrier that keeps women and minorities from obtaining top jobs, known as the glass ceiling; preparing for the retirement of leaders, a process known as succession planning; and addressing the problem of dysfunctional managers. To address the glass ceiling, companies need to implement development systems that ensure that minorities and women have access to developmental job experiences and developmental relationships. To have an effective succession-planning program, organizations need to identify and develop high-potential employees for management positions. Dysfunctional managers could benefit from additional development to help them succeed. A well-designed system for employee development can help organizations face three widespread challenges: the glass ceiling, succession planning, and dysfunctional behavior by managers. This activity is important because it gives you the opportunity to review several examples of challenges in employee development. The goal of this activity is to discuss how organizations are meeting the challenges of the "glass ceiling," succession planning, and dysfunctional managers. Read each scenario, then select the appropriate category to which it refers.
1. Angela Martinez had difficulty finding a mentor as a Latin American woman.
2. Our organization systematically evaluates high potential employees that we believe can succeed in higher-level business positions.
3. To overcome what would be considered "toxic behaviors", Julie practiced role plays with her coach.
4. Although John, our CEO may be retiring soon, our organization has provided development experiences for candidates to succeed in his role.
5. Our manager, Tom, is arrogant and abrasive, which alienates people both inside and outside of the organization.
6. Our organization provides job assignments based on the successful career paths of past upper managers.
7. The Executive Team at our organization consists of seven men and one woman.
8. Our organization offers Individual Coaching for Effectiveness (ICE) for managers deemed to display dysfunctional behaviors.
9. Our organization tends to have an "old boy’s network" that excluded women from key promotions and positions of power.

Answers

Answer:

1. Angela Martinez had difficulty finding a mentor as a Latin American woman.  ⇒ REFERS TO GLASS CEILING

2. Our organization systematically evaluates high potential employees that we believe can succeed in higher-level business positions.  ⇒ REFERS TO SUCCESSION PLANNING

3. To overcome what would be considered "toxic behaviors", Julie practiced role plays with her coach.  ⇒ REFERS TO DYSFUNCTIONAL MANAGERS

4. Although John, our CEO may be retiring soon, our organization has provided development experiences for candidates to succeed in his role.  ⇒ REFERS TO SUCCESSION PLANNING

5. Our manager, Tom, is arrogant and abrasive, which alienates people both inside and outside of the organization. ⇒ REFERS TO DYSFUNCTIONAL MANAGERS

6. Our organization provides job assignments based on the successful career paths of past upper managers.  ⇒ REFERS TO SUCCESSION PLANNING

7. The Executive Team at our organization consists of seven men and one woman.  ⇒ REFERS TO GLASS CEILING

8. Our organization offers Individual Coaching for Effectiveness (ICE) for managers deemed to display dysfunctional behaviors. ⇒ REFERS TO DYSFUNCTIONAL MANAGERS

9. Our organization tends to have an "old boy’s network" that excluded women from key promotions and positions of power. ⇒ REFERS TO GLASS CEILING

Explanation:

Glass ceiling refers to barriers laid out that prevent certain employees from advancing within an organization.

Succession planning takes place when high potential employees are trained and followed in order to fill future vacant managerial positions.

Dysfunctional managers are managers that fail to do their job properly because they do not trust their employees and try to make all important decisions themselves. They really do not want to manage other people's work, instead they believe that only they can do it right.

Which answer best illustrates what trade-offs are?

Answers

Maria chose to do homework. Her grade will improve

Identifiable intangible assets would include all of the following except patents. goodwill. franchises. trademarks.

Answers

Answer:

goodwill

Explanation:

As we know that the intangible assets are those assets which cannot be seen or even touched

It involved the assets such as patent, goodwill, trademark, franchisee, etc

But the asset which cannot be identifiable is goodwill

Therefore as per the given situation, the goodwill is the correct option

Hence, the second option is correct

Charley Davison Inc. produced 10,000 motorcycles last year and sold 9,000 of them each for $18,000/bike. Variable cost was $13,000/bike. Fixed cost was $25 million and it had no debt. Assume no profits tax. It paid out all profits as dividends. Which of the following are true?

a. Profits = $20 million
b. Profits = $25 milion
c. Piotits-513 million loss)
d. Change in cash= -S20 million
e. Change in cash= -$25 million
f. Change in cash =- $13 million

Answers

Answer:

a. Profits = $20 million

Explanation:

The computation is shown below

Total revenue is

= Number of bikes sold × sale price of a bike

= 9,000 × 18,000

= $162,000,000

Total costs = fixed costs + variable costs

where,  

Fixed costs = $25 million or $25,000,000.

And,

The Variable cost for the bikes sold is

= number of bikes sold × variable cost per bike

= 9000 × 13000

= $117,000,000

So, the total costs is

= $25,000,000 + $117,000,000

= $142,000,000

Now  

Profit = total revenue - total cost

= $162,000,000 - $142,000,000

= $20,000,000

Hence, the correct option is a.

A 40% increase in price led the quantity supplied of bicycles in a competitive market to increase from 320.00 to 350.00.
What is the price elasticity of supply for bicycles?What is the best description of the price elasticity of supply for bicycles?A. inelastic
B. elastic
C. normal
D. unitary elastic

Answers

Answer:

A. inelastic

Explanation:

Price elasticity of supply = Percentage change in Quantity supplied / Percentage change in price

% change in Quantity supplied = (350.00-320.00) / 350.00

% change in Quantity supplied = 0.08571429

% change in Quantity supplied = 8.57%

Price elasticity of supply = 8.57/40

Price elasticity of supply = 0.21425

Conclusion: The price elasticity of supply is inelastic because the elasticity is below 1.

The future value of a dollar
1. increases with lower interest rates
2. increases with higher interest rates
3. increases with longer periods of time
4. decreases with longer periods of time

Answers

Answer:

C. 2 and 3

Explanation:

Note: Options to the question are as follows "A. 1 and 3 , B. 1 and 4, C. 2 and 3, D. 2 and 4.

FV = PV(1 + r)^t

Future value of a dollar is the value of a dollar if it earns a certain interest fro a specified time.  Future value increases with an increase in interest rates and time. Conversely, it decreases with a decrease in interest rates and time.

Thus, Option c is correct.

What is the maximum amount a firm should pay for a project that will return $15,000 annually for 5 years if the opportunity cost is 10%

Answers

Answer:

$56,861.80  

Explanation:

The maximum price an investor would pay an investment today is the present value of the investment's future cash flows discounted by the opportunity cost of capital of 10%.

Present value of a future cash flow=future cash flow/(1+cost of capital)^n

n refers to the period in which the cash flow is expected , for instance,for year 1 cash flow n is 1, 2 for year 2 and so on.

PV=$15,000/(1+10%)^1+$15,000/(1+10%)^2+$15,000/(1+10%)^3+$15,000/(1+10%)^4+$15,000/(1+10%)^5

PV=$56,861.80  

If you wanted to withdraw $12,000 from a bank account at the end of each of the next 20 years, approximately how much would you have to invest in the account today assuming a 6% interest rate?

Answers

Answer:

Present value of annuity P = $137,639.05 (Approx)

Explanation:

Given:

Amount withdraw A = $12,000

Number of year n = 20

Rate r = 6%

Find:

Present value of annuity P

Computation:

P = A[1-(1+r)⁻ⁿ]/r

P = 12,000[1-(1.06)⁻²⁰]/0.06

P = 12,000 x 11.46992122

P = 137,639.05 (Approx)

Present value of annuity P = $137,639.05 (Approx)

The difference between the actual quantity and the standard quantity, multiplied by the standard price, is the:

Answers

Answer:

the material quantity variance

Explanation:

As we know that

Material quantity variance is

= (Standard quantity - actual quantity) × standard price

This represent that the difference between the standard quantity and the actual quantity should be multiplied with the standard price is known as the material quantity variance

Therefore as per the given situation, the material quantity variance is the answer

Hence, the same is to be considered

A company has an unfavorable direct materials quantity variance. A possible reason for this variance is that:

a. the direct-material price variance is favorable.
b. the total direct-material variance is unfavorable.
c. the total direct-material variance is favorable.
d. the direct-labor efficiency variance is unfavorable.
e. any of the other answers can occur.

Answers

Answer:

e. any of the other answers can occur.

Explanation:

The reason for the decision above is variances are not dependent on the direct material quantity variance and the calculation of all is differ. We also know the total direct material variance is total of material quantity & price variance that is because total variance may be favorable or unfavorable. And the option(d) direct labor efficiency variance do not relate with material variance.

After the USA introduces a tariff in the market for gigastraps, the price of gigastraps in the USA will:A. decrease.B. increase.C. remain the same.D. change in an indeterminate manner.

Answers

Answer: increase

Explanation:

A tariff is a tax that is imposed by the government of a particular country on imported goods brought into the country from other countries. A tariff is usually used to protect the infant industry of the domestic economy.

Since USA introduces a tariff in the market for gigastraps, the price of gigastraps in the USA will increase. The tariff will bring about an increase in cost on the part of the producers of gigastraps which will in turn, lead to a rise in the price of gigastraps in USA.

The goal of maintenance is to minimize the cost of maintenance.

a. True
b. False:

Answers

Answer:

B) false

Explanation:

maintenance is the way of preserving condition of necessary asset.

The goal of maintenance is in achieving maximum efficiency as well as availability of needed utilities as well as facilities with optimum cost with safety of life and property.

Coronado Industries produces face cream. Each bottle of face cream costs $11 to produce and can be sold for $15. The bottles can be sold as is, or processed further into sunscreen with an additional cost of $16 each. Coronado Industries could sell the sunscreen bottles for $21 each.
A. Face cream must be processed further because it increases profit by $3 each.B. Face cream must be processed further because its profit is $9 each.C. Face cream must not be processed further because costs increase more than revenue.D. Face cream must not be processed further because it decreases profit by $1 each.

Answers

Answer:

c

Explanation:

Profit = Total revenue - cost

Profit if bottle is sold as face cream = $15 - $11 = $4

Profit is bottle is sold as sunscreen = $21 - ($16 + $11) = $-6

Processing the bottle further into sunscreen increases costs more than revenue and thus should not be processed further

The riskiest stage of the product life cycle is the
O introduction stage
O growth stage
O maturity stage
O decline stage

Answers

Answer:

growth stage

Explanation:

growth stage

Which of the following molecules has the highest boiling point?

a. CH4
b. BH3
c. NH3
d. SH2

Answers

Answer: c. NH3

Explanation:

Ammonia(NH3) has the highest boiling point at -33.34 °C while Methane (CH4) has a boiling point of -161.6 °C and Hydrogen sulfide (SH2) has a boiling point of -60 °C.

This is because Ammonia can form strong hydrogen bonds but which makes it harder to boil than the others.

Hans purchased a 20-year corporate bond in 2015 that promised to pay him 3% interest semi-annually for the life of the loan. The corporation reserved the right to redeem the bond in 2020. Which of those numbers is the bond's maturity?
A. 2015
B. 3
C. 20
D. 2020

Answers

Answer:

The answer is "Option C"

Explanation:

In this question the number of the maturity bond is "20", and the bonds are 20 years for corporate bonds, which maturity in 20 years, that's why Option C is correct.

A consumption tax is a tax strictly on spending, while an income tax is a tax on salary paid for work. You are contemplating a run for the presidency in 2012 and some of your economic advisors have argued that you should campaign to replace the income tax with a consumption tax. What argument for a consumption tax might they put forward to you?

Answers

Answer:

Consumption taxes are generally considered better for the economy than income taxes.

Explanation:

This is because consumption taxes promote saving and investment, since they are taxes that penalize consumption, and in such a situation, people would likely prefer to consume a bit less, save a bit more, and this additional savings become funds for more investment. More investment would then help the economy grow, creating a positive feedback loop. This is likely the argument that would be presented by the economic advisors.

Income taxes on the other hand, penalize people's hard earned income, whether it is from their work salaries, or from dividends, o from interest.

Other Questions
Now it is your turn. Synthesize the Tribune and the Enquirer articles mentioned in the "Using Sources" section of the lesson into one or two paragraphs. You may use the example given above, but your paragraph must be different. Remember to follow the process hints mentioned earlier in this lesson. Mr. Lester's maximum heart rate is 180 beats per minute. When he exercises at the gym.Mr. Lester's target rate is 60% of his maximum heart rate What is the difference between the speech and the poster Question 17 of 25What gets oxidized in an electrolytic cell made with nickel and copperelectrodes?A. Ni2+B. Ni(s)C. Cu(s)O D. Cu2+ Which body part is NOT found on your legs?el muslola rodillala pantorrillala mueca Help pls!!EXAMPLE answer1. Yes no yes2.no no yes3. Yes yes no What is the equation in pointslope form of the line passing through (2, 5) and (2, 3)? Two vectors of lengths 4 and 6 have a dot product equal to 24. Which is true about the vectors? "Keep smiling" in German? The question is in the photo, please help The amount living things supported by an ecosystem is called1)Carrying Capacity Or 2)Limiting factors Brainliest How many solutions does the equation 9x = 9x have?No solutionOneInfinitely ManyBetween 500 and 1,000 What is the holocaust i have a test and didnt even think to study How were African Americans treated by the us government during World War 1? 100 points!Can someone help me? Here are the choices- associative property of addition- associative property of multiplication- commutative property of addition- commutative property of multiplication- distributive property HURRY PLEASE! :) Which label belongs in the region marked X? 1. Produces offspring2. Involves meiosis3. Requires spores4. Requires eggs Adriana bought p packs of baseball cards. There are 4 cards in each pack. Write an expression that shows how many baseball cards Adrian a brought. What should Horus add to his evaluation to make it more effective? Select two options. a statement summarizing Smith's claim examples of Smith's reasoning and evidence an evaluation of Smith's reasoning and evidence a sentence introducing the topic of the argument a conclusion summarizing the claim and evaluation HELP WILL GIVE BRAINLIEST!!!!! If m ABC = 122, and mthen m Steam Workshop Downloader