How would you expect the following changes to affect the prevailing wage and employment of servers in restaurants? Explanation and graph for all.
a. The pandemic reduces demand for restaurant meals.
b. New techniques reduce the amount of time servers need to take each order.
c. In order to raise more revenue, the government imposes a new payroll tax on restaurants. (That is, the government requires that restaurants pay some amount of money to the government for each worker they employ.)
d. Worse job prospects elsewhere in the economy cause more people to want to become servers.
In: Economics
Some people argue that government-owned enterprises do not perform as well as private enterprises. Specifically, government-owned enterprises cannot efficiently allocate resources used in the production process. Do you agree with this view? Please use economic theories to explain in detail why you think this is correct or why this statement is not reliable. In your explanation, please make a comparison between a government-owned company and a private company in the same industry to support your argument. You may compare the operating revenue, costs, etc. of the two companies.
In: Economics
A firm can produce orange juice in the US and ship it to Japan at a cost of $1.75/unit. They want to sell it with a 50% markup (50% higher than their cost), and the yen/US$ exchange rate is 111.11.
1) At what price would they sell it in Japan (in yen)?
2)What is their US$ profit?
Now suppose the $ appreciates from ¥/US$ 111.11 to ¥120/US$ prior to payment.
3) What is the new US$ revenue and profit?
4) How does it compare with what the company was expecting?
5) What might the company have done to protect itself?
In: Finance
In: Finance
Charlotte Computer Services is considering purchasing equipment
at $100 000. It is anticipated the equipment will have a useful
life of five years. It will be depreciated on a straight-line
basis. Operating revenue is expected to be $74 000 per annum and
operating expenses $25 000 per annum. The equipment is subject to
an investment allowance of 10 per cent and the tax rate is 30 per
cent. The after-tax hurdle rate is 12 per cent.
a) The reduction in tax due to the investment allowance is?
b) What is the tax effect of the depreciation?
c) What is the Net Present Value of the investment?
In: Accounting
A car manufacturer is offering the following incentive with any purchase of its new 2019 mid- size sedans at one of its affiliated dealerships. The vehicle sells for $24,000. Free maintenance services for 2 years at the dealership
Assume there are no other promotions running during this time. The car manufacturer estimates that the normal selling price for the maintenance services it will provide to customers, on average, over the two year period under this promotion is $1,000. Assuming the customer pays $24,000 for the vehicle, how much revenue is recognized on the sale date? You can ignore the time value of money.
In: Accounting
If the government follows an income tax system in
which personal income up to and including
K2500 is not taxed, income of K2501 to K5000 is taxed at 10%, and
income over K5000 is
taxed at 25%.
a) What is the marginal tax rate for a family earning income equal
to K6000?
b) What is the average tax rate for a family earning income equal to
K6000?
c) How much revenue will the government raise from an individual
earning K6000?
d) What type of tax system prevails in this economy? Explain.
e) Distinguish between tax elasticity and tax buoyancy.
In: Finance
I
Prepare an Income Statement, Statement of Owner’s Equity and Balance Sheet
|
Steve Austin’s Company Adjusted Trial Balance As at December 31, 2017 |
||
|
Cash |
$4,000 |
|
|
Account Receivable |
5,300 |
|
|
Prepaid Expenses |
420 |
|
|
Equipment |
12,400 |
|
|
Accumulated Depreciation |
$2,200 |
|
|
Accounts Payable |
800 |
|
|
Notes Payable |
3,070 |
|
|
Steve Austin, Capital |
13,000 |
|
|
Steve Austin, Drawing |
800 |
|
|
Revenue |
11,800 |
|
|
Wages Expenses |
2,450 |
|
|
Rent Expenses |
1,900 |
|
|
Utilities Expenses |
1,475 |
|
|
Depreciation Expenses |
1,150 |
|
|
Miscellaneous Expenses |
975 |
|
|
Totals |
30,870 |
30,870 |
In: Accounting
•Burnout Batteries
•Initial Cost = $36 each
•3-year life
•$100 per year to keep charged
•Expected salvage = $5
•Straight-line depreciation
•Long-lasting Batteries
•Initial Cost = $60 each
•5-year life
•$88 per year to keep charged
•Expected salvage = $5
•Straight-line depreciation
The machine chosen will be replaced indefinitely and neither machine will have a differential impact on revenue. No change in NWC is required.
The required return is 15%, and the tax rate is 34%.
Which battery should be chosen?
In: Finance
I have identified Walmart's Neighborhood Market, a subsegment of Walmart, as an oligopolistic market structure.
I need to answer the following:
Assess how this type of market structure impacts Neighborhood Market's financial performance as measured by performance variables over the past three years. Support your response with data and graphs illustrating two performance variables of your choosing (e.g., sales, net income, stock price) over time.
I want to focus on Revenue and Stocks and Earnings Per Share as the two variables
Cited resources and scholorarly studies are appreciated.
In: Economics