Please solve handwritten, no Excel.
A company purchased new casting equipment at a cost of $250,000. The company also paid an extra $70,000 in necessary costs to have the equipment delivered and installed. The casting machine has an estimated service life of 10 years, and it will be depreciated at a CCA rate = 25%.
a] What is the Cost Basis of the casting equipment?
b] What will be the CCA amount each year for the service life of the casting equipment? Hint: the half-year rule applies by default.
Hint: the half-year rule applies by default.
In: Economics
Write a report on : Tha impact of Covid - 19 on supply chain networks?
In: Economics
Rising protectionism, as evidenced by the recurring escalations of US-China trade tensions, is a feature of the contemporary global trade landscape. What are some current examples to support the pros and cons of protectionism?
In: Economics
If P = -$500,000, Annual Income = +$10,000 per year, Salvage= +$700,000, and N = 10 years. Determine the Interest Rate
In: Economics
For this assignment you will need to write a short, argumentative essay in which you argue either for or against judicial elections. In your essay, give reasons why you are either for or against judicial elections and what system you think is best for selecting judges. The essay needs to be AT LEAST one page,
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Answer the two questions below in two pages by reading the chapter titled with “What does Capitalism mean”? [“Capitalism: A Short History, Jürgen Kocka, 2016, Princeton University Press]
1. When did capitalism emerge as a concept in Germany, France and England?
2. What are the main features of the three thinkers Marx, Weber and Schumpeter's views on capitalism?
In: Economics
Answer the questions with an essay of not more than 300 words : 2. Explain the short run and long run effects of the following events on output and price level with the AD-AS diagram: a. tax cuts b. money supply increases c. an increase in the price of key imported inputs d. a natural disaster that destroys a significant portion of production capacity e. a major technological innovation
In: Economics
1) Should Texas adopt a full-time legislative model instead of a part-time model? Why or why not? Be sure to use information from the readings notes to support your answer.
2)Should Texas remove the governor's line-item veto power and only give him the option of a full veto? Why or why not? Be sure to use information from the readings to support your answer.
3)Does Texas provide too much authority and power to local government? Should some things be more regulated by the state than the local governments? Why or why not? Be sure to use information from the readings to support your answer.
In: Economics
If P = -$500,000, Annual Income = +$10,000 per year, Salvage= +$700,000, and N = 10 years. Determine the Interest Rate
In: Economics
1. Suppose that the market demand is described by P = A – B(Q+q) where P is the market price, Q is the output of the incumbent firm, and q is the output of the potential entrant to the market. The incumbent’s total cost function is C(Q) = c1Q, whereas the cost function of the
entrant is C(q) = c2q+F.
a. If the entrant firm observes the incumbent producing Q* units of
output and expects
this output level to be maintained, what output q will the
entrant produce?
b. How much output would the incumbent firm have to produce to just
keep the entrant
out of market?
c. If the entry occurs, does the incumbent firm really produce the
output in part b?
Suppose that upon entry, these firms play a Cournot game.
In: Economics
1. The State of Florida currently budgets $10,000/year for two goods—voting machines (which cost $1,000 each) and voter education programs (which cost $500 each). Their wise governor, Jeb, knows his constituency well enough to know their indifference map over the two goods. Now, consider bundle A which consists of 5 voting machines and 10 education programs. The slope of Florida's indifference curve at bundle A is –3 (assume voting machines are on the horizontal axis).
a. Is this combination of goods the optimal bundle of goods for the State of Florida?
b. If so, explain why. If not, carefully explain how Florida can re-arrange its expenditures (i.e., choose another bundle) to reach a higher level of utility (you do not need to determine exactly which bundle they would choose).
c. Show how a $5,000 grant from the federal government would affect Florida's budget constraint. d. Suppose the federal government restricts the state to spend this $5,000 grant on voting machines only. Re-draw the state's budget constraint, reflecting this requirement.
2. Suppose that the demand curve of a good is vertical over a given range of prices. Draw the corresponding indifference curves and budget lines (assume the indifference curves of this good meets the four assumptions of preference, and the budget line is linear). Is this good a normal good? (Hint: draw the diagram of the process of getting a demand curve, figure out what substitution effect and income effect should be, and whether income effect is positive or negative.)
3. Jeff has a monthly income of $400, which he spends each month on dinners (which cost $20 each) and movies. He finds that he maximizes his utility by spending half his income on dinners and ha lf on movies. His marginal rate of substitution at this bundle of goods is 0.4 (measured with dinners on the horizontal axis).
a. Given this information, what is the price of movies?
b. Draw Jeff's budget constraint and indifference curve at this optimal bundle. Label both axes appropriately.
c. Write an equation—in slope- intercept form—for Jeff's budget constraint.
d. What is the opportunity cost, in terms of dinners, of an additional movie? e. Now suppose the price of dinners changes to $25. Show on your diagram how the budget constraint will change. Can Jeff still afford his initial bundle from part b?
In: Economics
“Universal Declaration of Human Rights”
Whereas recognition of the inherent dignity and of the equal and inalienable rights of all members of the human family is the foundation of freedom, justice and peace in the world,
Whereas disregard and contempt for human rights have resulted in barbarous acts which have outraged the conscience of mankind, and the advent of a world in which human beings shall enjoy freedom of speech and belief and freedom from fear and want has been proclaimed as the highest aspiration of the common people,
Whereas it is essential, if man is not to be compelled to have recourse, as a last resort, to rebellion against tyranny and oppression, that human rights should be protected by the rule of law,
Whereas it is essential to promote the development of friendly relations between nations,
Whereas the peoples of the United Nations have in the Charter reaffirmed their faith in fundamental human rights, in the dignity and worth of the human person and in the equal rights of men and women and have determined to promote social progress and better standards of life in larger freedom,
Whereas the Member States have pledged themselves to achieve, in co-operation with the United Nations, the promotion of universal respect for and observance of human rights and fundamental freedoms,
Whereas a common understanding of these rights and freedoms is of the greatest importance for the full realization of this pledge,
Now, Therefore THE GENERAL ASSEMBLY proclaims THIS UNIVERSAL DECLARATION OF HUMAN RIGHTS as a common standard of achievement for all peoples and all nations, to the end that every individual and every organ of society, keeping this Declaration constantly in mind, shall strive by teaching and education to promote respect for these rights and freedoms and by progressive measures, national and international, to secure their universal and effective recognition and observance, both among the peoples of Member States themselves and among the peoples of territories under their jurisdiction.
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Article 1
All are equal before the law and are entitled without any discrimination to equal protection of the law. All are entitled to equal protection against any discrimination in violation of this Declaration and against any incitement to such discrimination.
Article 2
Everyone is entitled in full equality to a fair and public hearing by an independent and impartial tribunal, in the determination of his rights and obligations and of any criminal charge against him.
**Required**
Read the above passage " Universal Declaration of Human Rights" and pick one of the 2 articles above and explain how you as a manager can realize or support to realize the goal of the article you have chosen.
In: Economics
Jilly sells ice cream at the beach. You have determined that demand can be described by the following demand equation: Q = 1,200 - 200P. a. If P = $3.00, determine the number of ice cream sold and the elasticity of demand at this price. b. If price is increased to $4.00, determine the elasticity of demand at this new price. Is demand more or less elastic after the price increase?
In: Economics
In: Economics
Remittances by native workers living and working abroad:
Select one:
a. are much larger than reported by official statistics.
b. often exceed the amount of foreign aid received by a country.
c. substantially diminish the alleged negative effect of the “brain drain.”
d. All of the above.
The high private rates of return to higher education, relative to the social returns, as given by the accumulated evidence on the costs and benefits of education probably reflect the fact that higher education:
Select one:
a. is usually paid for by the students themselves.
b. is usually subsidized by governments.
c. costs more per student than other levels of education.
The main reason many economists have concluded it is likely that there has been under-investment in human capital in developing countries is that:
Select one:
a. returns to education are generally much higher in developing economies than in the developed economies.
b. education levels are very low in developing countries.
c. some educated people immigrate to developed economies, a phenomenon known as the “brain drain.”
Which of the following growth models does not assume that the decision to save is equivalent to the decision to invest?
Select one:
a. The extended Solow model.
b. The Schumpeterian model.
c. The Harrod-Domar model.
In: Economics