Interpreting gini coefficients suppose that spain has a gini coefficient of 0.5, france has a gini coefficient of 0.4, and germany has a gini coefficient of 0.3. based on this information, which of the following statements about income inequality in the three countries are correct? check all that apply.
a. spain has a higher degree of income inequality than france or germany.
b. the lowest quintile of spain's income distribution earns a lower percentage of the aggregate spanish income than the lowest quintile of france's income distribution does of the aggregate french income.
c. the ratio of the total income of the lowest quintile of income distribution to the total income of the highest quintile of income distribution is higher in spain than in germany.
d. france has a higher degree of income inequality than spain but a lower degree than germany.
e. the lowest quintile of france's income distribution earns a lower percentage of the aggregate french income than the lowest quintile of germany's income distribution does of the aggregate german income.

Stella company sells only two products, product a and product b. product a product b total selling price $50 $30 variable cost per unit $20 $10 total fixed costs $2,110,000 stella sells two units of product a for each unit it sells of product b. stella faces a tax rate of 40%. stella desires a net afterminustax income of $54,000. the breakeven point in units would be

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?