Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
RC School District has a large number of students in need of remedial instruction. The superintendent of RC School System can allocated her budget between purchasing X units of remedial instruction at a price of $2,000 / unit and spending an amount ($Y) on all other school activities. (For the purposes of this problem, assume that “all other school activities” can be viewed as a composite commodity with a per-unit price of $1,000.) The Superintendent has a budget of $800,000, raised through local taxes, to allocate between the two activities.The State Legislature is considering ways to induce RC County to purchase more units of remedial education for underachieving students. It is specifically considering various forms of grants.1. Budget Constraintsa. Draw and label Superintendent’s budget line with no State aid (Make sure to put units of remedial instruction on the horizontal axis)b. Assume the Superintendent chooses to purchase 100 units of remedial instruction and 600 of “other school activities. Label this is allocation as point “K” on your diagram2. Open-Ended Matching Grantsa. One option for the State is an open-ended matching grant, under which the state would match RC School District one-for-one every dollar the District spends on remedial instruction. Draw and label the superintendent’s new budget constraint under this program (you should draw this new budget line on the same graph you produced in #1 above) 3. Close-End Matching Grantsa. A legislator, fearing school districts will respond so aggressively to the subsidy for remedial instruction provided by the matching grant that it will be too costly, proposes that the matching grant program be closed-ended, such that no district can receive more than $100,000 of state aid. Draw and label the Superintendent’s budget constraint under this closed-end matching grant program (You should draw a new budget line, using the same chart from #1 and #2 above)b. As a legislator interested in increasing remedial education services, do you think making the matching grant closed ended will lead RC County to provide fewer units of remedial education than if the matching grant were open ended? Explain. (Hint, think about income and substitution effects).
Explain:- Q Why is the statement of cash flows useful? Q. How is it possible for a company to suffer a net loss for a given year, yet produce a positive net cash flow from opera
Cost Accounting advantage and features
Woodall Ltd has two production departments, X and Y. For month 2, the company budgets its overhead costs as: X Y Variable overhead
You are the manager of a firm that sells output at a price of $40 per unit. You are interested in hiring a new worker who will increase your firm's output by 2,000 units per year.
Q. Can FCA Help Compare Opening A New Landfill Versus Building A Wasteto-Energy Incinerator? Ans. Yes. The principles of FCA are precisely the same no matter how you relat
WORKED EXAMPLES OF EXPECTED CASH COLLECTIONS PATTERNS
ln an attempt to conceal a thefi of funds, Kaito Kid, controller of Shinichi Products, lnc. placed a bomb in the company s record vault. The ensuing explosion left only fragments o
The income statement of Holly Enterprises shows operating revenues of $134,800, selling expenses of $38,310, general and administrative expenses of $36,990, interest expense of $58
(i) Describe the difference between the balance sheet and the income statement in financial statements of companies. (ii) Give two examples of intangible assets and two exampl
Cost sheet is a declaration of cost for a product for given period of time.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd