Why do monopolies engage in price discrimination when possible? Enumerate and explain the nature of possible impediments to price discrimination.

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Answer 1

Answer: Monopolies engage in price discrimination possible because they can get away with it.

A monopoly is where only one seller sells a particular good. Because of this, the seller has the power to dictate the price of the good to the extend of giving the good the highest price possible that a consumer is willing to pay.

Consumers must pay the price of said product because they can not get the same product from any other seller.

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If the Fed lowers the reserve requirement, what will happen? (Select the best answer.) Group of answer choices Banks will be able to give out more loans. People will have less spending power. Banks will make changes to the fees they charge customers. The money supply will grow more slowly.

Answers

Answer:

Banks will be able to give out more loans

Explanation:

The Fed demands banks to maintain a percentage of their deposits as reserves. Reserves are meant to stay within the bank's strongroom to cater for unexpected withdrawals. The banks cannot loan out that money.

Should the Fed lower the reserve requirements, the banks will have more money lend. The proposition of deposits available to issue out as loans will increase.

The Fed influences the level of reserves to direct economic growth. Should the economy be slowing down, the Fed discourages the banks from holding high levels of reserves. Holding low reserves encourages banks to lend to households and businesses, which stimulates economic growth.

What OSHA Act requires employers to "furnish to each of his/her employees employment and a place of employment which are free from recognized hazards that are causing or are likely to cause death or serious physical harm to his/her employees"?

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Answer:

Explanation:The general-duty clause of the Occupational Safety and Health Act states that it is each employer's duty to furnish a place of employment free from recognized hazards.

General Duty Clause.

The General Duty Clause places a base standard for all employers regardless of type to provide a safe environment for their employees that is free from life threatening hazards. The General Duty clause comprises thousands health and safety standards/rules.

A country that makes a product more inexpensively and efficiently than another country has

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A country that makes a product more inexpensively and efficiently than another country has an Absolute Advantage.

Example of an absolute advantage is Kuwait. Since the country have a really huge amount of oil, they can easily produced it compared to another country , making them have an absolute advantage in that product

why does depreciation and amortization affect a firm's cash balance on the balance sheet if it is a non-cash expense?

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Answer:

When you are preparing a statement of cash flows, you start with operating income. Operating income is basically net income + adjustments. The adjustments that always increase the cash flows are depreciation expense and amortization expense. Even though they are not actual cash expenses, they reduce taxable income and therefore, total taxes paid.

Who proposed the first bank of the United States?

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Alexander Hamilton proposed the Bank of the United States in 1791

A company's activities for year two included the following: Gross sales $3,600,000 Cost of goods sold 1,200,000 Selling and administrative expense 500,000 Adjustment for a prior-year understatement of amortization expense 59,000 Sales returns 34,000 Gain on sale of stock portfolio securities 8,000 Gain on disposal of a discontinued business segment 4,000 Unrealized gain on AFS debt portfolio securities 2,000 The company has a 30% effective income tax rate. What is the company's net income for year two?

Answers

Answer:

$1,273,300

Explanation:

The computation of the net income is shown below:

= Gross sales - sales returns - Cost of goods sold - Selling and administrative expense - prior-year understatement of amortization expense + Gain on sale of stock portfolio securities + Gain on disposal of a discontinued business segment - income tax expense

where, income tax expense would be

= ( Gross sales - sales returns - Cost of goods sold - Selling and administrative expense - prior-year understatement of amortization expense + Gain on sale of stock portfolio securities + Gain on disposal of a discontinued business segment) × income tax rate

= ($3,600,000 - $34,000 - $1,200,000 - $500,000 - $59,000 + $8,000 + $4,000) × 30%

= $545,700

So, the net income would be

= $3,600,000 - $34,000 - $1,200,000 - $500,000 - $59,000 + $8,000 + $4,000 - $545,700

= $1,273,300

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