Currently, when a firm lays off a worker, the firm pays part of the worker’s unemployment compensation (the rest of the money comes from the system’s general revenue). One suggested reform would require firms to pay all of the worker’s unemployment compensation. How will this reform affect the natural rate of unemployment? Explain your answer. Use the equation for the natural rate of unemployment to explain your answer.
In: Economics
se the following spreadsheet to calculate the March year-to-date (YTD) RevPAR (G4).
|
A |
B |
C |
D |
E |
F |
G |
|
|
Year 2013 |
Rooms available |
Rooms sold |
Revenue |
Occupancy (%) |
ADR |
RevPAR |
|
|
1 |
Jan |
4,650 |
2,883 |
374,790 |
|||
|
2 |
Feb |
4,200 |
2,394 |
304,038 |
|||
|
3 |
Mar |
4,650 |
3,255 |
462,210 |
|||
|
4 |
Mar YTD |
In: Accounting
Assume that the demand for a good is given by p=12-2q.the supply is given by p=q. there is also an externality equal to 3 for each quantity produced. Derive and show in figures
The optimal level of production for the firm and the society separately
How large is the welfare loss due to the externality?
Which tax rate and how much would remedy the problem with externality
How much revenue would it raise?
In: Economics
If the short run price elasticity of demand is -.20 how much will a 10 percent increase
in the price of oil decrease the quantity demanded? Given this price elasticity will the total
revenue received by oil producers increase or decrease when oil prices rise? Explain why the
price elasticity of demand for oil more elastic in the long run. Draw your long run demand curve.
In: Economics
The manager of a large apartment complex knows from experience that 90 units will be occupied if the rent is 468 dollars per month. A market survey suggests that, on the average, one additional unit will remain vacant for each 9 dollar increase in rent. Similarly, one additional unit will be occupied for each 9 dollar decrease in rent. What rent should the manager charge to maximize revenue?
In: Math
1a. Please go to the library link and locate an article by Douglas R. Carmichael titled "Hocus-Pocus Accounting." Please read the article and then identify and discuss the issues related to revenue recognition. In your responses, give thought to what you have read in your e-book, lesson, and Becker material. Also, what types of tests would the auditor design to uncover some of these issues?
In: Accounting
Iran supplies 10% of the world market in Crude oil. The market demand for Crude is price-inelastic, with εCC = -0.25. The Ayatollah has come up with a new idea – “we’ll withhold half of our oil from the market, raise price and get more revenue, given that demand is so inelastic. You are the economic advisor to the Ayatollah. a)Is the Ayatollah right? b)Explain your answer to (a).
In: Economics
Jackson Browne acquires Jimmy Buffett company for $1,000,000. Jimmy Buffett company has the following assets and liabilities (measured at fair value).
Cash 200,000
Accounts Payable 75,000
Accounts Receivable 50,000
Inventory 200,000
Notes Payable 100,000
Unearned Revenue 50,000
Property, Plant and Equipment 300,000
How much Goodwill, if any, should Jackson Browne record related to the acquisition?
In: Accounting
Chemco Enterprises is the manufacturer of Ultra-Dry, a hydrophobic coating that will waterproof anything. Over a 5-year period, the costs associated with the pilot test product line were as follows: first cost of $42,000 and annual costs of $18,000. Annual revenue was $27,000 and used equipment was salvaged for $4,000. What rate of return did the company make on this product?
The rate of return the company made on the product is ____________ %.
In: Economics
In: Economics