What are the cost and consequences of providing welfare payments and consumer subsidies

Answers

Answer 1

Answer: The cost is clearly came from the national Budget. By providing welfare payments and subsidies, there will be less budget for other Government's plan.

As for the consequences, there are positive and negative consequence
Positive :
- It could improve the quality of life of the people in that country

Negative :
- There's a risk that people could rely on the welfare too much and became heavily dependent on it

Related Questions

An investor has money-making activities A and B available at the beginning of each of the next 5 years (call them years 1 to 5). Each dollar invested in A at the beginning of 1 year returns $1.40 (a profit of $0.40) 2 years later (in time for immediate reinvestment). Each dollar invested in B at the beginning of 1 year returns $1.70 3 years later.In addition, money-making activities C and D will each be available at one time in the future. Each dollar investment in C at the beginning of year 2 returns $1.90 at the end of year 5. Each dollar invested in D at the beginning of year 5 returns $1.30 at the end of year 5.The investor begins with $50,000 and wishes to know which investment plan maximizes the amount of money that can be accumulated by the beginning of year 6. Formulate the linear programming model for this problem.
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Do risk reduction methods have costs that are both monetary and nonmonetary?

Answers

Answer: Yes, risk reduction methods often have costs that are both monetary and non-monetary.

Rachel recently started a new gift shop in town. When she is deciding how to price the new products in her shop, she measures the value of her products against those of the other shops in her area. Rachel is most likely using a _______ pricing strategy .

Answers

Answer:

The correct word for the blank space is: competitive.

Explanation:

Pricing strategies are methods companies use at the moment of setting the prices of their products. The most common pricing strategies are:

Cost-plus pricing. Involves recognizing the production costs and adding a percentage of those costs which represents the profit of the firm.
Competitive pricing. Implies establishing the price of a product similar to what competitors in the market have set.
Value-based pricing. It requires setting the price of goods and services based on what consumers think the price should be.
Price skimming. Involves pricing a product high at first and changing the price according to market fluctuations.
Penetration pricing. Implies setting the price of a product low to wipe out competitors and raising it after they completely disappeared.

Fiona raised 2/7 of the money and Patrick raised 3/5 of the money. The rest of the money was raised by the rest of the group. What fraction of the money was raised by Fiona and Patrick

Answers

Answer:

31/35

Explanation:

Fiona + Patrick = 2/7 + 3/5

$(10 + 21)/(35) = (31)/(35)$

Answer:

31/35

Explanation:

Fiona's percentage=2/7

Patrick's percentage=3/5

Total percentage of Patrick and

Fiona=2/7+3/5

=10+21/35

=31/35

The company president meets with senior managers to determine what is causing a problem with the company's best-selling computer microchip. They discuss whether the cause might be a modification that was made in the manufacturing process. Which management function is the group performing?

Answers

Answer:

Controlling Function

Explanation:

According to my research on the different management functions, I can say that based on the information provided within the question the management function that the group is performing is the Controlling Function. This focuses on measuring performance and making sure that all the processes in an organizational design are being met accordingly in order for the Organizations vision to be fulfilled.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

Suppose a monopoly concrete contractor builds 20 driveways per month for $10,000 each. In order to increase sales to 21 driveways, the contractor must lower the price of driveways to $9,500. The marginal revenue of the 21st driveway is

Answers

Answer: Marginal revenue is -$500.

Explanation: The marginal revenue is calculated as the change in total revenue subtracted by the change in quantity.

Total revenue is calculated by multiplying the price by the quantity:

At a quantity of 20 driveways, the total revenue is = 20 × $10,000 = $200,000

At a quantity of 21 driveways, the total revenue is = 21 × $9,500 = $199,500

Marginal revenue = $199,500 - $200,000

= -$500

ACCT 167 - Computer EquipmentDebit - 22,400 ;
ACCT 163 - Office Equipment
Debit - 8,000

d. The computer system, acquired on October 1, is expected to have a four-year life with no salvage value.
e. The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value.

WHAT IS THE JOURNAL ENTRY FOR D & E????? I have the correct accounts, I just can't figure out the amounts....

d Depreciation expense—Computer equipment
Accumulated depreciation—Computer equipment

e Depreciation expense—Office equipment
Accumulated depreciation—Office equipment

Answers

d. The depreciation expense-computer equipment will be debited, and accumulated depreciation will be credited with $5,600.

e. The depreciation expenses-office equipment will be debited, and accumulated depreciation will be credited with $1,600.

Further Explanation:

Depreciation:

Depreciation refers to the allocation of the cost of the physical asset over the useful life of the asset. The depreciation is a non-cash expense of the business. The value of the asset decreases as the business uses the asset for the operating activities. The normal wear and tear in the value of the asset are recorded as the depreciation. The depreciation can be calculated as follows:

$\begin{aligned}\text{Annual deprecitation}&=\frac{\text{Purchase value}-\text{Salvage value}}{\text{Useful life of the asset}}\end{aligned}$

Journal entry for the depreciation of computer system and office equipment:

The depreciation expense-computer equipment will be debited, and accumulated depreciation will be credited with $5,600.

The depreciation expenses-office equipment will be debited, and accumulated depreciation will be credited with $1,600.

Working notes:

Calculate the annual deprecation for computer depreciation:

$\begin{aligned}\text{Annual deprecitation-Computer Equipment}&=\frac{\text{Purchase value}-\text{Salvage value}}{\text{Useful life of the asset}}\n&=(\$22,400-\$0)/(4)\n&=\$5,600\end{aligned}$

Calculate the annual depreciation on office equipment:

$\begin{aligned}\text{Annual deprecitation-Office Equipment}&=\frac{\text{Purchase value}-\text{Salvage value}}{\text{Useful life of the asset}}\n&=(\$8,000-\$0)/(5)\n&=\$1,600\end{aligned}$

Learn More:

Learn more about journal entry of petty cash bookbrainly.com/question/10708516
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Answer Details:

Grade: Middle school

Chapter: Depreciation

Subject: Accounting

Keywords: computer, system, acquired, October, expected, have, four-year, life, salvage, value, office, equipment, acquired, October 1, five-year life, no, salvage value.

Final answer:

The journal entries to record depreciation expense for computer equipment and office equipment acquired on October 1 are $1,400 for computer equipment and $400 for office equipment, corresponding to three months of depreciation in the first year.

Explanation:

The journal entry to record depreciation for both computer equipment and office equipment on October 1 should include the depreciation expense for the first year of use and the corresponding accumulated depreciation for each asset. To calculate the depreciation expense for the computer system with a cost of $22,400 and a 4-year life, divide the initial cost by the number of years to find the annual depreciation, which is $5,600 (22,400 ÷ 4). Since the equipment was acquired on October 1, only 3 months of depreciation should be recorded for the current year. Therefore, the depreciation expense for the three months is $5,600 ÷ 12 months x 3 months = $1,400.

The office equipment with a cost of $8,000 and a 5-year life, would have an annual depreciation of $1,600 (8,000 ÷ 5). Similarly, only 3 months' worth is considered for the first year, giving a depreciation expense of $1,600 ÷ 12 months x 3 months = $400.

The journal entries would look like this:

Depreciation expense—Computer equipment $1,400
Accumulated depreciation—Computer equipment $1,400
Depreciation expense—Office equipment $400
Accumulated depreciation—Office equipment $400

Learn more about Depreciation Journal Entry here:

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