Answer:
a. The minimum wage law causes unemployment. - Positive statement
This is a positive statement because it describes a factual statement about minimum wage. It does not say whether minimum wage is a good thing or not, even if the inherent quality of the statement can be somewhat inferred.
b. Unemployment would be lower without a minimum wage law. - Postive statement.
This is a positive statement for the same reasons as the statement above. Besides, this statement says exactly the opposite as the statement above.
c. Minimum wage laws benefit some workers and harm others. - Positive statement.
This statement is also positive, it does not establish whether minimum wage is a good or a bad, thing, and it also does not recommend any policy regarding minimum wage.
d. The minimum wage should be more than $7.25 per hour. - Normative statement.
This above is a normative statement. It clearly establishes a preference when it comes to minimum wage, and recommends a public policy according to it: $7.25 per hour.
When you evaluate an entire conversation to understand what is going on, this is called the _____
1. tone
2. context
3. connotation
4. solution
When you evaluate an entire conversation to understand what is going on, this is called the context. Thus, option number 2 is the correct answer.
The context is the background, environment, or situation in which something occurs or occurs. Context refers to the circumstances in which something is created, including the purpose, the audience, the tone, and the medium, among other factors.
Because the meaning of an utterance relies heavily on context, understanding its context is crucial to understanding it. The tone of a piece of literature refers to the author's attitude toward the subject. It might refer to the mood of a place, scene, or character in literature.
The writer's feelings are conveyed via tone. The tone is frequently conveyed through word choice, sentence structure, and the author's viewpoint. A serious, sarcastic, humorous, emotional, detached, or even angry tone may all be conveyed by the author's tone.
A connotation is a suggested or associated meaning of a word or expression, rather than its explicit definition. It's an idea or feeling that a term evokes in addition to its literal definition or denotation. The connotation of a term might be positive, negative, or neutral. For example, the connotation of the word "snake" might be negative since it is frequently associated with deceit and danger.
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you are the accountant responsible for creating financial documents and recording transactions. in which order will you perform the following actions related to these tasks?
Following actions related to these tasks : 1)Recording transactions: The first step in creating financial documents and recording transactions is to ensure that all transactions are accurately recorded in the appropriate accounts.
2)Creating financial documents: Once transactions have been recorded, the next step is to create financial documents such as income statements, balance sheets, and cash flow statements. These documents provide an overview of the company's financial performance and position and are used by management to make informed decisions.
3)Reconciling accounts: After creating the financial documents, it is essential to reconcile the accounts to make sure that the balances are correct and that all transactions have been recorded. This process involves comparing the balances in the general ledger to the balances in the subsidiary ledgers and bank statements, and making any necessary adjustments.
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do you think operating in a niche market will help a small business have a better chance of success than operating in a mass market? justify your answer.
Yes, operating in a niche market will help a small business have a better chance of success than operating in a mass market because niche market will help them to establish their brand positioning.
What is niche market?Niche market can be defined as the market in which specific product are been given attention to as this type of market tend to focus on people that want to buy a particular offering.
Niche market is will help small business as it has less competition, it will help to boost their brand and will help to attract more customers to their product.
Therefore small business owners should start with niche marketing as they tend to have a better chance of success.
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Discuss the overall thought of the school of modern management theory
Answer:
The overall thought of the school of modern management theory is one of meeting the needs of the organization through the efficient use of available resources. It focuses on the importance of establishing effective structures and processes to ensure that the organization is able to operate effectively and efficiently. Modern management theory looks at the whole organization and its environment, taking into consideration the external factors that may affect the organization's ability to succeed. It also emphasizes the importance of leadership, communication, and motivation, as well as the need for collaboration among teams. Ultimately, the goal of modern management theory is to create an environment where people can work together to achieve the organization's objectives.
2 The following organisation chart is for PPB Ltd. It is a private
limited company which owns and operates a chain of
supermarkets. The organisational chart shows the hierarchical
structure of the business.
a Define ‘hierarchical structure’.
[2]
b Identify the span of control for the:
• Operations Director
• Finance Director.
[2]
c Outline two functions of the Managing Director.
[4]
d Explain two disadvantages to this business of having a tall
organisational structure.
[6]
e Do you think more delegation would be a good idea for this
business? Justify your answer.
[6]
A hierarchical structure is the chain of command within a company that begins with senior management and executives and extends to general employees. This organization of authority ensures management levels understand their relationships with each other and helps companies make efficient decisions.
An organizational structure that follows a line of command from the top executives to regular employees is referred to as a hierarchical structure.
What is hierarchical structure?A direct chain of command running from the top of the organization to the bottom is present in a hierarchical organizational structure. All important decisions are made by senior management, which is subsequently communicated to lower levels of management.
Whenever a person at the bottom of the organizational pyramid needs to make a decision, they must first convey their request up the chain of command for permission before receiving a response with their choice.
When there are few products that are sold in large quantities, a hierarchical structure works effectively so that strict control over the design, quality, production, and distribution of goods can be maintained.
The hierarchical system is generally being replaced with decentralized organizational structures.
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3. Kathleen is starting a new job where she will be working remotely. Her new company has
all kinds of collaborative tools they use to work together. What are three types of tools she
will likely be using in this new job? List and describe the functions of these three tools.
types of tools Kathleen will likely be using in remote job: screen recording tool, remote desktop software, mobile hotspot
How to describe the functions of remote tools?The Remote Desktop app lets you securely connect to a computer in another location, so you can work as if you were sitting at the keyboard of that computer. This is a convenient way for remote workers to access computers at headquarters or another remote worker. As a bonus, it's perfect for solving your parents' email problems from the comfort of your couch.Mobile Hotspot serves not only as internet access, but also as a backup in the event of a power outage or internet failure.screen recording tool: What if you want to take a quick screenshot, or record your screen and send it to someone asynchronously? Then a screenshot tool can help. Zapier uses Zappy. It's very fast and you can start annotating right away without having to fiddle with your computer's built-in tools. Created in-house, but available for anyone to use.To learn more about remote working visit:
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Complete the following statement When there is a shortage of a good O A. consumers compete against one another by bidding the price upward O B. producers react to shortages by lowering prices O C. decreasing prices lead to a change in demand O D. as prices increase, consumer demand more of a particular good O E. as prices increase, producers are driven to produce less The process continues until the market is finally in equilibrium.
When there is a shortage of goods, 'consumers compete against one another by bidding the price upward'.
Who are consumers?
Consumers are individuals or groups of people who purchase goods and services for their own personal use. They are the end users of the products and services that are produced by businesses and organizations.
When a good is in short supply, demand outstrips supply, so the price of the good will rise. Consumers will compete against each other by bidding up the price of the good, in attempts to secure enough of the good to meet their needs. This competition leads to an increase in the price of the good, as buyers outbid each other. This increase in the price is an indication of the scarcity of the good and the level of demand for it.
Hence, option A is correct.
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Match the vocabulary term with the correct definition.
Differentiate foreign investment from the types of aid provided by the UNDP and world bank, citing specific examples of aid from both.
Foreign investment is in domestic companies and assets in another country and made by foreign investors like your participation (ownership stakes) in firm. The types of aid provided by the World Bank are funding, policy advice and technical assistance to developing country governments.
What are foreign investments and their types?A foreign investment is an investment by a foreign investor in a domestic company or property in another country. Large multinationals will look for new opportunities for economic growth by opening branches and expanding investments in other countries.
Types of Foreign Investment in India: Foreign funds can be invested in equity, real estate, ownership/management, or cooperation. Foreign Direct Investment (FDI) Foreign Portfolio Investment (FPI). Foreign Institutional Investment (FII)
What is an example of foreign investment?A major Australian mining company buys a small Angolan company in order to diversify. Both are examples of foreign direct investment, where the business decision to become involved in some way or to have an interest in a company is made by an investor based outside the border.
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Q5. The "Business Expenses" portion of Amy's expenditures refers to the cupcake business she started out of her
home. It is becoming increasingly popular, and she is considering taking out a loan of $5000 that will help her increase
the size of her business. Determine the monthly payments for each loan offer below.
2 Year Loan
Business Loan Amortization Schedule
Date
Jan, 2020
Feb, 2020
Mar, 2020
Apr 2020
May, 2020
Jun 2020
Jul 2020
Aug 2020
Sep 2020
Oct 2020
Nov, 2020
Dec 2020
2020
3 Year Loan
Interest
$26
$25
$24
$23
$21
$20
$19
$18
$17
$16
$15
$14
$239
E
Principal
$196
$197
$198
$199
$200
$201
$202
$203
$205
$206
$207
$200
$2,424
Balance
$4,004
$4,606
$4,400
$4,209
$4,008
$3,807
$3,604
$3,401
$3,196
$2.991
$2.784
$2.576
$2,576
The monthly payments for each loan offer Amy's cupcake business is considering taking are
2-year loan = $222 3-year loan = $153.How are the monthly payments determined?Using the amortization schedules provided, the monthly payments consist of the principal repayment and the interest.
For instance, the first monthly payment of the two-year loan of $222 consists of $26.00 in interest and $196 in principal repayment. Similarly, the second monthly payment of $222 consists of $25 in interest and $195 in principal.
In the case of the three-year loan, the monthly payment totals $153, consisting of $26 in interest and $127 in principal repayment for the first month and $25 and $128, respectively for the second month.
Thus, as the interest reduces, the principal repayment increases from one month to the next for all monthly payments.
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What is the federal funds rate?
The federal funds rate is the interest rate at which banks can lend or borrow money from each other, or from the Federal Reserve, overnight. The Federal Reserve sets a target for the federal funds rate, which is used as a benchmark for other short-term interest rates.
The federal funds rate is important because it serves as a benchmark for other short-term interest rates. Changes in the federal funds rate can affect interest rates on credit cards, auto loans, and home mortgages, as well as the return on savings accounts and certificates of deposit.
When the Federal Reserve lowers the federal funds rate, it is trying to stimulate economic growth by making it cheaper for businesses and consumers to borrow money. This can lead to increased spending, which in turn can lead to more hiring and higher wages. On the other hand, when the Fed raises the federal funds rate, it is trying to slow down the economy and control inflation which can make borrowing more expensive and lead to less spending and hiring.
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Should a competitive firm ever produce when it's losing money? Why?
A competitive firm should not continue to produce if it is consistently losing money, as this is not a sustainable business model. The firm should instead focus on reducing costs and increasing revenue in order to become profitable.
What is competitive firm?A competitive firm is a business that operates in a market with many other firms that offer similar products or services. These firms are in competition with one another for customers and market share. They typically have similar production methods and face similar market conditions, such as similar input prices and similar technology.
In a perfectly competitive market, firms are price takers, meaning they cannot influence the market price of their product or service. They must accept the market price and make production decisions based on that price. However, in imperfectly competitive markets, firms have some degree of pricing power, meaning they can influence the price they charge. In these markets, firms may engage in non-price competition, such as advertising, to differentiate their products and gain an advantage over their rivals.
The goal of a competitive firm is to maximize profits by producing at the lowest possible cost and charging the highest possible price. They have to be efficient and innovative to survive in the market and have to respond quickly to changes in demand, technology and competition.
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listed here are the total costs associated with the production of 1,000 drum sets manufactured by truebeat. the drum sets sell for $463 each.
Total costs are variable when they fluctuate along with production changes, while fixed costs are those that don't alter over time.
$16,000 for plastic casing.
Assembly line worker salaries: $82,00
Factory property taxes: $6,000
$35,000. Accounting staff salaries
Drum stands ($1,000,000 spent on 1,000 stands)
Rent for sales staff equipment costs $36,000
$150,000 in upper management wages
$12,000 yearly fixed rate for plant maintenance service
Unit-based sales commissions of $12
Straight-line machinery depreciation: $47
Plastic for the casing equals (a) a variable cost (b) a product depending on the quantity of casing. = $21,000 / 1000 units = $21 for each casing assuming each casing is done separately.
Assembly worker salaries equal (a) variable costs In a piece rate system, it will depend on the number of units, but normally, it is dependent on the number of hours done, therefore it is period.
Factory property taxes are fixed costs with a time period since they are not dependent on the quantity of units produced.
Accounting staff wages are constant for a month and are thus equal to (a) Fixed Costs and (b) Period since they are unrelated to the quantity of units produced.
Drum Stands are a variable cost and a product since each drum is built separately.
Equipment for sales employees is hired at a fixed cost for a certain duration, usually paid monthly, and is not depending on the quantity of units produced.
Because upper management pay are fixed annually and not depending on the number of units produced, they are equal to (a) Fixed Cost (b) Period.
Since the cost of factory maintenance is constant annually and unrelated to the quantity of units produced, the annual flat charge equals (a) Fixed Cost and (b) Period.
Sales commissions are based on the number of units sold and are calculated per unit, thus they equal (a) Variable Costs and (b) Product.
Straight-line depreciation of machinery equals (a) Fixed Cost (b) Period since it is fixed annually and not dependant on the quantity of units produced.
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Note: The correct question are as bellow,
Listed here are the total costs associated with the 2017 production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $469 each. Costs1. Plastic for casing—$16,0002. Wages of assembly workers—$82,0003. Property taxes on factory—$6,0004. Accounting staff salaries—$35,0005. Drum stands (1,000 stands purchased)—$34,0006. Rent cost of equipment for sales staff—$36,0007. Upper management salaries—$150,0008. Annual flat fee for factory maintenance service—$12,0009. Sales commissions—$12 per unit10. Machinery depreciation, straight-line—$47,000Problem 1-1A Part 1Classify each cost and its amount as (a) either variable or fixed and (b) either product or period. (The first cost is completed as an example.
based on what you know about bureaucratic features, garrett believes margie is violating which of the following? Multiple Choicetotal quality management principlesquality controlimpersonality protocoldivision of laborevidence-based decision making Based on systems theory, the types of practices the coaching team runs is a(n) Multiple Choiceoutput.transformational process.input.operational contingency.feedback mechanism.
In this scenario, it is not clear from the information provided what specific bureaucratic features Garrett believes Margie is violating. It is also not clear what specific practices the coaching team runs and how it relates to systems theory.
Quality control is a key component of bureaucratic organization, it is a process that helps to ensure that products and services meet certain standards and it is an important aspect of ensuring customer satisfaction and maintaining a competitive edge.
Bureaucratic features refer to the characteristics and practices that are present in a bureaucracy, such as impersonality, division of labor, and adherence to rules and procedures. Total quality management (TQM) principles refer to a management approach that aims to improve the quality of products and services through continuous improvement and customer focus. Quality control refers to the process of ensuring that a product or service meets certain standards.
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Overtis-1. Beginning inventory, purchases, and sales for fem "X" are as follows Beginning Inventory April, 1 S 15 57 units at $14 29 40 units Assuming a perpetual inventory system and using the first-in. first-out (110), lost-in-first-out (LIFO) Average costing methal, determine (0) The cost of goods sold on April 29 & (i) The cost of ending inventory on April 30. 47 Quests -2 Estimate the cast of goods sold & ending inventory by the gross profit method given the following data: Beginning inventory Bir 40,000.00, net purchases Bir 100,000.00, net sales Birr 112,000.00, press profit rate of 25% of net sales. Quotes J. Machinery purchased for Br 200,000 at the beginning of the year has an estimated life of 5 years and a residual value of Br 20,000 Required: Compute the annual tyearly) depreciation expense for each of the five years, by using; a) Straight-line depreciation method. b) Double-declining balance depreciation method c) Sum-of-the-years-digits method d) If the machinery is expected to have a useful life of 18,000 operating hours & was operated during the year I through year 5. 4100 hours, 2.700 hours, 4.200 hours 3.000 hours and 100 hours Compute the annual (yeatly) depreciation expense for each of the five years, by using the Units of-Production Method. 4 Rainbow Mining Co acquired mineral rights for the 30,000,000. The mineral deposit is estimated at 75,000,000 tons. During the current year, 11,250,000 tons were mined and sold Required: A Determine the amount of depletion expense for the current year B. Joumalize the adjusting entry to recognize the depletion expers.
Kathleen is starting a new job where she will be working remotely. Her new company has
all kinds of collaborative tools they use to work together. What are three types of tools she
will likely be using in this new job? List and describe the functions of these three tools.
With her new employment, Kathleen will be working from home. Her new business uses a variety of teamwork methods to get things done.
What does the term "collaboration" mean?The technique of creating and producing something while working as a team is known as collaboration. Collaboration might take place between two people or many persons, intimate friends or total strangers. When you work together, the possibility of producing something superior to what could be produced in a silo exists.
Is working with others a skill?Collaboration skills are the aptitudes you employ when working with others to generate, develop, or achieve a common goal. Cooperation skills are a collection of many soft talents and behaviors that support collaboration and teamwork rather than being a separate skill set in and of itself.
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What is the value of one additional unit of a scarce resource in LP?
A. incremental value
B. resource value
C. conditional value
D. shadow price
Shadow Price is the value of one additional unit of a scarce resource in LP.
What do you mean by Shadow Price?
Shadow price is an economic concept referring to the change in the total benefit or cost of a project if a resource constraint is relaxed. It is the additional benefit or cost a firm would receive from a unit of the constrained resource. Shadow prices are typically used in linear programming to identify the most efficient use of resources in an organization.
Shadow price is the marginal value of an additional unit of a scarce resource in LP, which means that it is the value of the last unit of a scarce resource produced or consumed. It is calculated based on the changes in the objective function of the LP model when an additional unit of a scarce resource is added, taking into account the constraints of the LP model. Shadow price provides insight into the marginal value of a scarce resource and is used to evaluate the trade-offs of increasing or decreasing the production or consumption of a particular resource.
Hence, option D is correct.
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An employee who fails to comply with the processes and procedures describing how to complete a task is violating what?apex accounting fundamental
An employee who fails to comply with the processes and procedures describing how to complete a task is violating monitoring.
What does monitoring accomplish?Monitoring makes it possible to record outcomes, procedures, and experiences for use as a foundation in decision-making and educational endeavors. Monitoring is the process of comparing results to goals. Evaluation is done using the data collected through monitoring.
What three categories of monitoring exist?Technical, functional, and business process monitoring are the three fundamental subcategories of monitoring.
What is the best way to define monitor?(1) a screen-equipped electronic device used to display content (such as television images or computer information); (2) a tool for monitoring a biological process.
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4.2.7 Quiz: Petty Cash
Question 8 of 10
Anytime cash is disbursed from the petty cash fund, a is completed.
OA. ledger
OB. receipt
OC. voucher
O D. check
Every time money is taken out of the cash account, a coupon is filled out, according to the information provided in the question.
What does a ledger serve as?An account or record used to keep track of bookkeeping transactions for stability and income-statement transactions is known as an accounting ledger. Accounts like as cash, receivable accounts, investment, inventory, payables, accrued costs, and client deposits can all be included in accounting ledger journal entries.
A ledger entry is what?A record of a commercial undertaking is a ledger entry. Either that a double system or the single-entry system may be used to make entries. The double-entry method is typically used, and every matching account's debit and credit sides always balance.
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fill in the blank. tracy's is a chain of hair dressing salons for women. they use television, magazines, radio, and newspapers to advertise their services. the owners ensure that all communication channels deliver a common message to prospective customers. in so doing, tracy's is practicing___marketing.
Every new communication goes through a review procedure to make sure it bears the same message and the new "green" brand mark. Overall, EcoNature is in charge of overseeing the IBP procedure.
About communication channels :A small manufacturing company called EcoNature sells a brand-new line of environmentally friendly home cleaning goods in Western and Southwestern states. It purchases advertising space on cable TV, runs ads in local editions of women's magazines, and distributes coupons via a number of major metropolitan newspapers in an effort to increase awareness and persuade people to try its products.
The Sales and Operations Planning (S&OP) principles are extended throughout the value chain through the business planning process known as Integrated Business Planning (IBP). In order to connect strategy with execution, this is done.
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Correct Question:
EcoNature is a small manufacturing firm distributing a new line of eco-friendly household cleaning products in Western and Southwestern states. To raise awareness and encourage consumers to try its products, it buys advertising time on cable TV, places ads in regional issues of women's magazines, and offers coupons via a number of metropolitan newspapers. Each new communication undergoes a review process to ensure that it displays the new "green" brand logo and carries the same message. Overall, EcoNature is managing the IBP process ____________.
florist will earn from selling celebration bouquets is $ . the florist will break-even after one-dollar decreases. the interval of the number of one-dollar decreases for which the florist makes a profit from celebration bouquets is ( , ).
(a)The maximum profit the florist will earn from selling celebration bouquets is $ 675.
(b)The florist will break even after selling 20 one-dollar decreases.
(c)The range of $1 decreases for which the florist makes a profit from celebration bouquets is (0,20).
While observing the graph,
The maximum profit the florist earns = peak of the y-axis in the graph
∴ The maximum profit = $675
We know that,
Breakeven is a point where our profits become zero
⇒ P(x) = 0
P(x) = 0 at 20.
The interval of the number of one-dollar decreases for which the florist makes a profit from celebration bouquets is (0,20). Because after 20 , P(x) is negative.
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The complete question is :
A florist currently makes a profit of $20 on each of her celebration bouquets and sells an average of 30 bouquets every week. She noticed that when she reduces the price such that she earns $1 less in profit from each bouquet, she then sells three more bouquets per week. The relationship between her weekly profit, P(x), after x one-dollar decreases is shown in the graph.
Use the graph to complete each statement about this situation.
(a)The maximum profit the florist will earn from selling celebration bouquets is $___.
(b)The florist will break even after ___ one-dollar decreases.
(c)The interval of the number of one-dollar decreases for which the florist makes a profit from celebration bouquets is (__,__).
Which of the following are financial assets? Select the two correct answers.
Financial assets include, among other things, cash, investments in shares, securities, mutual funds, plus bank deposits.
Why Do We Possess Financial Resources?A financial asset, referred to as a liquid asset, is worth what it is claimed to be legally or under the terms of a contract. Money held in the form of deposit accounts, stocks, bonds, and mutual funds are examples of financial assets.
Intangible assets known as financial assets are often referred to as financial instruments or securities. They are often used to fund the ownership of tangible assets like machinery and real estate.
Is it a property for investment?Financial assets are liquid assets with a market value derived from a legal right to or ownership of an underlying asset. Examples of such liquid assets are bank deposits and stock equities. In general, an asset is everything you own that has worth. Particularly, financial assets are any possessions whose value is based on a contract or other claim.
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Commercial aircraft are the largest export for the US at $121 billion.
True
False
Answer:
i think true...................mmm
During which step of the early "transmission model" of communication do you select a medium? A. Fifth B. First C. Second D. Third E. Fourth.
You select a medium during the D. Third "transmission model" of communication.
The Third "transmission model" of communication is a powerful tool that allows you to choose the medium through which you communicate with others.
With this model, you have the freedom to select from a range of options, including verbal and non-verbal communication methods.
From phone calls and text messages to emails and video conferencing, the D. Third "transmission model" of communication gives you the flexibility to choose the medium that works best for you.
Whether you're looking to have a quick conversation or a more in-depth discussion, this model provides the tools you need to communicate effectively.
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Fran purchased an annuity that provides $7,400 quarterly payments for the next 10 years. The annuity was purchased at a cost of $185,000. How much of the first quarterly payment will Fran include in her gross income?
The first quarterly payment that Fran will include in her gross income is $4500.
What is gross income?Gross income is the amount of money that an individual makes before any taxes or other deductions, also known as gross pay when it shows on a paycheck. This includes all forms of income, not only wages from employment, and is not limited to money-related income; it also includes income from the receipt of goods or services. When deciding whether or not to lend money to someone or rent to them, lenders and landlords consider their gross income. Gross income is the starting point when filing federal and state income taxes since it is used to determine the amount of tax that must be paid before deductions are taken into account. Using gross income and limiting the costs that are included in the research, the organization can better understand what causes success or failure.
First quarterly payment= (300,000 / (40*10)) = 7500 12,000 - 7500 = $4500
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create a list of the four countries, ranked in order of decreasing carbon intensity per unit of energy consumed. give the units in either tonnes co per terajoule tj or tons per billion btu consumed.
Natural gas has an average carbon dioxide coefficient of 0.0551 kg CO2 per cubic foot (EIA 2019). By dividing emissions by an appropriate measure of activity.
One can determine carbon intensity using total emissions over a specified time period expressed in CO2e. According to a life-cycle analysis, oil Natural gas has the highest carbon footprint, at 970 grammes of CO2/kWh. Oil is a fossil fuel that is produced when petroleum, sometimes known as crude oil, is burned. With a growing selection of low-carbon and renewable alternatives, the Low Carbon Fuel Standard aims to lower the carbon intensity of California's transportation fuel pool while improving air quality. It also helps to wean the state off its dependence on petroleum.
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Which of the following are true about the profit-maximizing rule of MR = MC? (check all that apply)
A) The rule applies only if producing is preferable to shutting down.
(B) In some cases, MR will equal MC at a fractional level of output and therefore the last complete unit of output should be produced where MR < MC.
(C) The rule can be restated as P = MC when applied to a purely competitive firm because product price and MR are equal.
(D) The rule is an accurate guide to profit maximization for all firms regardless of their market structure.
Option A, B and C are true about the profit-maximizing rule of MR = MC.
A) The rule applies only if producing is preferable to shutting down.
B) In some cases, MR will equal MC at a fractional level of output and therefore the last complete unit of output should be produced where MR < MC.
C) The rule can be restated as P = MC when applied to a purely competitive firm because product price and MR are equal.
What is the profit-maximizing rule?
The profit-maximizing rule is to produce and sell the level of output for which marginal revenue equals marginal cost. This means producing the quantity at which the additional revenue from the last unit produced is equal to the additional cost of producing that unit.
Hence, option A, B and C are correct.
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be sure to convery the differences between the two products when interacting with customers
The statement that indicates that one understands the statement ""Be sure to convey the differences between the two products when interacting with
customers." is : "I need to explain to customers how the products are different" (Option A). This is about understanding during communication.
What is the rationale for the above response?Note that understanding a statement means that you have adequate knowledge of the idea that the communicator or sender intended to pass across.
The above text thus is about conveying the differences between two products when interacting with customers. It is asking the person to explain to the customer how the products are different, in order to help the customer make an informed decision.
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Which of the following asset is the most liquid
Assets that are easily convertible into cash or that are in the form of cash are referred to as liquid assets.
What Is a Liquid Asset?An asset that is easily convertible into cash and can be done so quickly is referred to as being liquid. Money market instruments, marketable securities, and cash are examples of liquid assets. The amount of liquid assets that make up a person's net worth can be a worry for both individuals and corporations. The liquid assets of a corporation are shown on its balance sheet as current assets for the purposes of financial accounting. For an asset to be deemed liquid, numerous conditions often need to be met. It must be in a well-established, liquid market with a significant number of easily available buyers. It must be safe and simple to transfer ownership. Occasionally, the time required to convert a transaction into cash will change.
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Answer:(c) Money in the bank
Explanation: just took the quiz
If a monopoly chooses the optimal price instead of the optimal quantity, then its profits will be
A. unchanged because the optimal price and quantity yield the same profit.
B. lower because costs are increasing in quantity.
C. higher because profit is increasing in price.
D. lower because consumers are more sensitive to price.
E. higher because a monopoly only has power to set price.
If a monopoly chooses the optimal price instead of the optimal quantity, then its profits will be ' higher because profit is increasing in price'.
What do you mean by monopoly?
A monopoly is a business structure in which a single company owns all or nearly all of the market for a given type of product or service. The company is able to set prices and control the market with little to no competition. Monopolies are usually accompanied by government regulations to ensure fair consumer prices and protect consumers from unfair practices.
The optimal price maximizes the total profits of a monopoly, which means that by choosing the optimal price, the monopoly will be able to capture a larger share of the market and thus increase its profits. On the other hand, the optimal quantity maximizes profits per unit, which means that the monopoly will be able to generate more revenue from each unit it sells, but this may not result in higher overall profits.
Hence, option C is correct.
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