In the long run, in a perfectly competitive market, other firms will enter the market attracted by the positive economic profits being earned by Viridi. As new firms enter, the overall supply of the product in the market will increase, which will eventually lead to a decrease in the market price.
As the market price decreases, the economic profits of each firm, including Viridi, will decrease. This process will continue until the economic profits are reduced to zero, reaching the long-run equilibrium.
In the long run, the entry of new firms will increase competition, leading to lower prices and reduced profit margins for all firms in the market. Viridi's positive economic profits will attract new competitors, and the entry of these firms will drive down prices until firms are earning only normal profits.
Therefore, in the long run, Viridi's economic profits will diminish, and the firm will operate at a level where it earns only normal profits, which represents the long-run equilibrium in a perfectly competitive market.
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Problem 6-9AB Retail inventory method LO P4 The records of Alaska Company provide the following information for the year ended December 31. At Cost At Retail January 1 beginning inventory $ 472,050 $ 927,850 Cost of goods purchased 3,780,611 6,280,050 Sales 5,502,700 Sales returns 45,300 Required:
1. Use the retail inventory method to estimate the company’s year-end inventory at cost.
2. A year-end physical inventory at retail prices yields a total inventory of $1,682,800. Prepare a calculation showing the company’s loss from shrinkage at cost and at retail.
Use the retail inventory method to estimate the company’s year-end inventory at cost. (Round your ratio calculations to 2 decimal places. (i.e. 10.15%)) At Cost Cost-to-Retail Ratio At Retail Beginning inventory Cost of goods purchased Cost of goods available for sale Net sales at retail Sales
The company’s year-end inventory at cost is $1,066,951, the cost to retail ratio is 61% and the loss from shrinkage is 36873.
What is retail inventory method?An accounting technique used to determine the worth of a store's inventory is known as retail inventory. By comparing the cost of inventory to the cost of the goods, the retail technique calculates the ending inventory balance for a shop. The retail inventory approach incorporates the cost-to-retail ratio together with sales and inventory over a time period.
The retail inventory method should only be used when there is a clear relationship between the price at which merchandise is purchased from a wholesaler and the price at which it is sold to customers. For example, if a clothing store marks up every item it sells by 100% of the wholesale price, it could accurately use the retail inventory method, but if it marks up some items by 20%, some by 35%, and some by 67%, it can be difficult to apply this method with accuracy.
The retail method of valuing inventory only provides an approximation of inventory value since some items in a retail store will most likely have been shoplifted, broken, or misplaced. It's important for retail stores to perform a physical inventory valuation periodically to ensure the accuracy of inventory estimates as a way to support the retail method of valuing inventory.
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Suppose you bought a bond with an annual coupon rate of 4.4 percent one year ago for $850. The bond sells for $900 today.
a. Assuming a $1,000 face value, what was your total dollar return on this investment over the past year? Total dollar return $
b. What was your total nominal rate of return on this investment over the past year? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Nominal rate of return %
c. If the inflation rate last year was 1.5 percent, what was your total real rate of return on this investment? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
The amount received on an investment after deducting taxes and inflation is known as the real return.
What does real rate of return mean?Real return is the amount received on an investment following the deduction of taxes and inflation. In comparison to nominal returns, which do not account for taxes and inflation, real returns are lower.
Real rate of return is the annual rate of return that is taken into account after inflation and taxes. A nominal rate of return, on the other hand, excludes taxes and inflation from calculation. A rate of return that accounts for taxes or inflation in its calculation is referred to as a real rate.
Total dollar return is $94.
The bond is held for one year, and the investor will receive one coupon
= 1000 × 4.4% = $44.
Capital gain = (900 - 850) = $50.
Total dollar return = 50 + 44 = $94.
b) Total rate of return = total dollar return / purchase price
= 94 / 850 = 11.06%.
c) Real rate of return = nominal rate of return - inflation rate
= 11.06% - 1.5% = 9.56%.
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When overdraft as per pass book is the starting point bank charges of 100 Recordedtwice in the cash book will be?
The overdraft as per the passbook will be debited in the cash book with a total of 200.
When overdraft as per the passbook is the starting point, it means that the bank has loaned out an amount of money to the business. This amount will be seen as an overdraft in the passbook.
As a result, the overdraft will be debited from the cash book with a total of 200. This is because the overdraft amount is recorded twice in the cash book, once as a debit and once as a credit.
The debit side of the entry will show the amount that the bank has loaned out to the business and the credit side will show the amount of money that the business has to pay back to the bank.
The debit side of the entry will be for the amount of 100, which is the number of bank charges. This is because the bank charges the business for the loan that it has given. The credit side of the entry will be for the same amount, which is 100.
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Do quaternary consumers depend on producers?
The primary consumer is eaten by the quaternary consumer, who in turn eats secondary consumers. Primary consumers consume producers (which are primarily plants) and other organic materials.
Who are the quaternary consumers?They prey on tertiary consumers, which they then ingest. Quaternary consumers are typically the apex predators in their ecosystems. As tertiary and secondary consumers, for example, these animals primarily feed on or devour species that are lower on the food chain than they are. Quaternary consumers serve as the ecosystem's apex predator because there are no other predators in their environment. They have the power to control the population of the trophic levels below them since they are at the top of the food chain. The tertiary consumers may eat both primary and secondary consumers and may be wholly carnivorous or even omnivorous.
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Banks typically come under financial stress because of:
Banks are usually under financial pressure for the following reasons: a widespread decline in their property values.
What is a bank?A bank is a financial institution that is authorized to hold and lend money. We can offer checking accounts, savings accounts, credit cards, mortgages, auto loans, personal loans, small business loans, and more.
Banks may also provide services such as checking, money orders, wire transfers, safe deposit boxes, currency exchange, investment, or wealth management. Banks can choose the services they offer and the states in which they operate.
Simply put, a bank is a company. It uses the money deposited by customers in checking and savings accounts to make loans to individuals and businesses. Banks typically take interest on loans and give them back to customers as interest on their savings accounts.
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A hardware distributor has regional warehouses at the locations shown below. The company wants to locate a new central distribution center to serve this warehouse network.
Location (x, y)
1 2, 3
2 3, 7
3 5, 5
4 7, 3
5 8, 7
If weekly shipments to each warehouse will be approximately equal, what is the optimal location for the distribution center?
O 5, 5
O 5, 4
O 4, 5
O 6, 5
O 5, 6
(5,5) is the optimal location for the distribution center.
What is an optimal location?If the greatest transit time at all between the two points in a given subset is minimized, placement for a walkway is considered to be optimum with regard to that set. In the scenario when the endpoints are on a line, we provide a straightforward linear-time technique for locating the ideal placement.
What is a hardware distributor?Distributors of tools and hardware are businesses that sell their products in retail establishments and wholesale markets. They pay wholesale prices for these goods from international producers before selling them to their local clients.
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The distribution center should be placed at (5,5).
What defines the ideal location?Placement of a walkway is seen to be optimal with respect to a particular subset if the longest travel time between the two sites is reduced. We offer a clear linear-time method for determining the best location in the case where the ends are on a line.
A distributor of hardware is what?Businesses that offer their goods in retail stores and wholesale marketplaces are known as tool and hardware distributors. Before selling these products to their local customers, they purchase them at wholesale costs from foreign manufacturers.
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Question Drag each incentive to the correct location on the chart. Classify the incentives as monetary or nonmonetary.
Non-monetary incentives focus on giving the employee a fulfilling experience rather than money, whereas monetary incentives have to deal with cash pay. Both are required, according to research, for job happiness.
What is monetary incentives?Financial rewards for outstanding work performance are the goal of monetary incentives. Financial incentives include profit-sharing, project bonuses, stock options, warrants, scheduled bonuses (like Christmas and performance-linked), and increased paid vacation time. Employees who receive monetary incentives from their employers often receive additional remuneration on top of their regular salary. Non-cash perks or advantages are offered to employees by employers as non-monetary incentives. The fundamental advantage of financial incentives is that they are easy to set up and offer a direct way to recognize and reward those who work hard and efficiently. Employers might implement a financial incentive scheme to acknowledge and reward their hardworking staff members.Financial Incentives
Pay raises Commissions from each saleOptions on stock.Nonmonetary rewards
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A life insurance policy that contains a guaranteed interest rate with the chance to earn a rate that is higher than the guaranteed rate is called
A guaranteed interest rate is offered by universal life, but there is also a chance to earn an interest rate that is higher.
What kind of interest rate does a universal life insurance policy guarantee?
Currently, most policies provide a minimum interest rate for your insurance, which is a guaranteed interest rate between two and three percent (3%). (worst case scenario). In addition, policies include a current interest rate, which is sometimes a significantly greater crediting rate.
The insurer of universal life insurance ensures a minimum rate of return on your investment by offering a guaranteed minimum interest rate. The interest rate return on the accumulated cash value rises if the insurer makes wise investment decisions.
Therefore, A no-lapse guarantee is provided by many universal life insurance policies.
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How does tracking your expenses help you fine tune your goals how can you plan for unexpected expenses?
Tracking expenses can help fine-tune your financial goals by understanding, budgeting and monitoring
A person can monitor where money is going and see any areas where they could be overspending by keeping track of all their expenses. This can assist in establishing more precise and achievable financial objectives. A person may make a budget that supports her financial objectives once they are aware of where the money is going. They can use this to ensure that they are saving enough money overall and are not spending too much in any one area.
Further, one can keep an eye on progress towards the financial objectives and make any modifications by tracking expenses on a regular basis. A person can set up an emergency fund that they can utilise for unforeseen costs to prepare for them. To accomplish this, put aside a little money each month and keep it in a different account. To be prepared for unforeseen costs, one should also include a few in their budget.
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An estate is either:
Either a freehold estate or a leasehold estate is considered an estate.
What is an estate?The entirety of a person's net worth, including all real estate, personal property, investments, cash, and other assets that the person owns or controls, makes up their estate.
A leasehold estate or a freehold estate is referred to as an estate.
A life estate is a freehold estate that is only valid for the tenure of a specific person.
Real estate is a term that describes the actual ground as well as the buildings and resources that are affixed to it.
The real property extends the concept of what is meant by "property" to encompass a collection of ownership and usage rights in addition to the tangible elements of real land.
Therefore, either a freehold estate or a leasehold estate is considered an estate.
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In what ways were import substitution industrialization (ISI) and export oriented industrialization (EOI) similar
An economic strategy known as import substitution industrialization is occasionally used by developing countries to build an independent economy.
What differentiates import substitution industrialization (ISI) from export-oriented growth (EOG)?
When a nation pursues economic development by opening itself up to foreign trade, this is known as an export-led growth strategy. Import substitution, when nations work to become self-sufficient by establishing their own industries, is the reverse of an export-led growth plan. Units that are focused on exporting their whole product line are known as export-oriented units. EOUs are permitted to work in manufacturing, services, software development, repair, remaking, reconditioning, and re-engineering, including the production of gold, silver, and platinum jewellery and other items.
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Package a contains 3 birthday cards and 2 thank-you notes and costs $9.60. package b contains 8 birthday cards and 6 thank-you notes and costs $26.60. if x represents the cost of a birthday card and y represents the cost of a thank-you note, how much does each birthday card cost?
Each birthday card costs $2.2 ⇒ answer c. Cost is equal to selling price plus profit Selling price plus loss is the cost price.
How to calculate cost?Cost is equal to selling price plus profit ( when selling price and profit is given ) Selling price plus loss is the cost price ( when selling price and loss is given ) The cost function's generic formula is C(x)=F+V. (x) C(x) = F + V(x), where x is the quantity produced, V(x) is the total variable cost, and F(x) is the total fixed cost. The total cost formula is used to total up the variable and constant expenses associated with providing commodities. Total cost = (Average Fixed Cost x Average Variable Cost) x Units Produced is the formula.* Lets explain how to solve the problem
- Package A contains 3 birthday cards and 2 thank-you notes
- It costs $9.60
- Package B contains 8 birthday cards and 6 thank-you notes
- It costs $26.60
- x represents the cost of birthday card and y represents the cost of
thank-you note
* Lets change these information to two equations
∵ x represents the cost of each birthday cards
∵ x indicates how much each thank-you note costs.
∵ Bag A contains 3 birthday cards and 2 thank-you notes
∵ Bag A costs $9.60
∴ 3x + 2y = 9.60 ⇒ (1)
∵ Bag B contains 8 birthday cards and 6 thank-you notes
∵ Bag B costs $26.60
∴ 8x + 6y = 26.60 ⇒ (2)
* Lets solve this system of equations to find x and y
- Multiply equation (1) by -3 to eliminate y
∵ -3(3x) + -3(2y) = -3(9.60)
∴ -9x - 6y = -28.8 ⇒ (3)
- Add equations (2) and (3)
∴ -x = -2.2
- Multiply both sides by -1
∴ x = 2.2
∵ x represents the cost of each birthday cards
∴ The cost of each birthday card is $2.2
* Each birthday card costs $2.2
The complete question is:
Package A contains 3 birthday cards and 2 thank-you notes and costs $9.60. Package B contains 8 birthday cards and 6 thank-you notes and costs $26.60. If x represents the cost of a birthday card and y represents the cost of a thank-you note, how much does each birthday card cost?{3x+2y=9.6 8x+6y=29.6 a $1.33 b $1.50 c $2.20 d $3.10
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A store bought a hand-crafted toy chest at a cost of $921. 60 and marked it up 115%. Sebastian bought it and paid 2% sales tax. What was his total cost?.
The total cost that Sebastian has to pay is $1061.95.
To calculate the markup amount, we can use the formula:
markup = (selling price - cost) / cost.
We know that the markup is 115% and the cost is $921.60.
So we can set up the equation like this:
(selling price - 921.60) / 921.60 = 0.115
To find the selling price, we can solve for it:
selling price = 921.60 + (921.60 × 0.115)
selling price = $1,041.13
Now we have the selling price, we can find out the sales tax by multiplying the selling price with 2%
sales tax = 1,041.13 × 0.02
sales tax = $20.82
So the total cost for Sebastian is the selling price + sales tax
total cost = 1,041.13 + 20.82
total cost = $1,061.95
Therefore the total cost for Sebastian is $1,061.95
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Bank A has high solvency risk and low illiquidity risk. Bank B has no solvency risk and high illiquidity risk. Bank C has
Illiquid assets frequently have greater volatility, larger bid-ask spreads, and higher risk for investors as a result.
What is risk of illiquidity?Due to a lack of eager and ready buyers or speculators to buy the asset, illiquid assets may be difficult to sell fast. In contrast, actively traded securities will typically be more liquid. Illiquid assets typically have wider bid-ask spreads, greater volatility, and higher risk for investors as a result.
A bank's earnings and capital are at danger from liquidity, or the inability to timely meet commitments when they become due without suffering unacceptable losses. In order to meet prospective demands from both lenders and borrowers, bank management must make sure that there are enough funds available at a fair price.
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How is a decision-making grid an example of cost-benefit analysis?
Answer:
A decision-making grid is an example of cost-benefit analysis because it helps to weigh the costs and benefits of a particular decision. The grid outlines the various options available and provides a visual representation of the pros and cons of each option. The cost-benefit analysis helps to determine which option is the most beneficial and cost-effective.
Explanation:
What does it mean to say that a checking account is balanced?
A balanced checking account means that the amount of money in the account corresponds to the account entry. This includes deposits, withdrawals and any other transactions that have been made.
In order for a checking account to be balanced, the account holder must regularly review their account to ensure that all transactions have been accurately recorded and that the account balance is correct. If an error occurs, they must report it to the bank to ensure their account balances. Maintaining a balanced checking account is important because it allows the account holder to track their spending, avoid overdraft fees, and stay on top of their finances.
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Some insurance companies charge more if you smoke cigarettes. What is the difference in the annual life insurance premiums paid by a 35 year old smoker and a 35 year old non-smoker, if they both take out a $100,000 policy for 10 year term? responses $425 $425 $380 $380 $68 $68 $45 $45 annual premium per $1000 age smoker age non-smoker 10 year 20 year 20 25 2. 55 3. 60 25 30 3. 12 5. 74 30 35 3. 80 7. 85 35 40 4. 25 9. 36.
Some insurance companies charge more if you smoke cigarettes. The difference in the annual life insurance premiums paid by a 35 year old smoker and a 35 year old non-smoker is $151.
Can life insurance providers charge smokers more than non-smokers for life insurance?
When determining the term insurance premium, the risk of life is a crucial determining element. Smokers pay a greater premium than non-smokers due to a shorter life expectancy. The cost of term insurance for a smoker might be roughly 30%–40% more expensive than for a non-smoker. Smokers may occasionally wish to keep their smoking habits a secret from the insurance in order to avoid paying the premium. It is crucial to let the insurance company know whether you smoke though if you do.
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What are the types of credit account information?
Answer:
revolving, installment and open
Explanation:
the most common types of credit accounts, revolving credit is a line of credit that you can borrow from freely but that has a cap, better known as a credit limit. It determines how much can be used at anytime.
Activities causing overhead include all of the following:
batch-level
facility-level
unit-level
The ABC method consists of four steps: identifying the activities, assessing their size and base for allocation, calculating the predefined rate, and assigning overhead expenses.
What types of costs are depending on activity?
Examples include the amount of space required per product, which is used to allocate both the factory's rent and the company's maintenance costs. Another example is the number of purchase orders (i.e., PO) used to assign the costs.
The specified overhead rate for each activity (decided in step 4) is multiplied by the degree of the cost driver activity employed by the product to assign overhead expenses to specific products.
Therefore, This procedure is frequently referred to as applied overhead.
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How does this increase in population affect the natural resources that maintain humans?
Increased resource extraction from the environment is one way that human population increase affects the Earth system. Fossil fuels (oil, gas, and coal), minerals, plants, water, and wildlife, particularly in the oceans, are some of these resources.
Why are people becoming more numerous?
Younger unmarried mothers, high fertility rates for particular ethnic groups, a lack of birth control options, and insufficient sexual education are all contributing factors to the predicted population expansion.
How do resources fare when the population grows?
Population increase speeds up the usage of resources, the production of trash, and environmental degradation.
Consumption patterns, specific technical advancements, and specific social organization and resource management paradigms all contribute to their aggravation.
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What are the three types of capital investment?
The three types of capital investments are -
1. Physical Capital Investments
2. Human Capital Investments
3. Finance Capital Investments
Capital investment refers to the use of money or other resources to acquire or develop long-term assets such as real estate, equipment, or infrastructure. Capital investments are intended to generate a return over an extended period, typically several years or more.
There are three main types of capital investment:
1. Physical Capital Investment: This type of investment involves the acquisition of tangible assets such as machinery, equipment, and real estate. These assets are intended to be used in the production of goods and services, and they can be used to increase the efficiency and productivity of a business.
2. Human Capital Investment: This type of investment involves the acquisition of skills and knowledge by individuals. This can include education and training, both formal and informal, to improve an individual's productivity and earning potential.
3. Financial Capital Investment: This type of investment involves the acquisition of financial assets such as stocks, bonds, and real estate investment trusts (REITs). These assets are intended to generate a return through appreciation, dividends, or interest payments.
It's important to note that capital investments are considered to be long-term investments and are intended to generate a return over an extended period, and also the type of capital investments will depend on the nature and the goals of the business.
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Who is the owner of the property and has the right of possession?
The owner, the right of possession belongs to the property's owner, who may delegate it in whole or in part to another person, who may then delegate it yet again to a third party.
These include the ability to transfer ownership, partition ownership, or bar encroachment by third parties on ownership, including possession. Possession refers to having physical control over something that may or may not be yours at the time.
An owner's right to exclude others is a component of ownership. Ownership grants the right to intervolves alienate a thing or piece of property or to levy security. Several laws, particularly family laws that provide the absolute right over such property, include restrictions on this power. A person who owns property has the authority to leave it, among other things. An owner has the legal right to hold what he owns, even though he may not always be in physical possession of it. Normally, he was entitled to utilise and benefit from the property.
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Which of the following lists the hierarchy of plant taxonomy in the correct order from most general to most specific
The correct hierarchy of plant taxonomy is the correct answer is 'Kingdom, phylum, class, order, family, genus, species.
What is plant taxonomy?The science of finding, identifying, describing, categorising, and naming plants is known as plant taxonomy. One of the primary branches of taxonomy is it (the science that finds, describes, classifies, and names living things). Plant systematics and taxonomy are closely related, and there is no clear distinction between the two. Kingdom, phylum or division, class, order, family, genus, and species are the groups that make up the categorization system, listed from largest to smallest. Plants that share similar structural (phenotypic) characteristics are typically grouped together in plant taxonomy, which is a hierarchical system. The terms "taxis" (which means arrangement) and "nomos," which means laws, are the roots of the word "taxonomy." Plant taxonomy is the study of how to categorise different types of plants using predetermined standards.
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At richardson manufacturing company, there are two factors that determine the cost of health care. If an employee makes less than $55,000 per year, he pays $60 per month for individual coverage and $115 per month for family coverage. If an employee makes at least $55,000 per year, individual coverage is $90 per month and family coverage is $165 per month. A. Arielle is an office assistant at richardson. She makes $47,700 per year. She has individual health care. Her yearly contribution is 5% of the total cost of the health care policy. How much does her employer contribute? b. Catherine is a department manager at richardson. Her annual salary is $68,300. She has family health care. Her employer contributes $935 per month towards her total coverage cost. What percent does catherine contribute toward the total coverage?.
Catherine would contribute 15% towards the total coverage
Given that ;
Catherine earns $68,300 every month, has family health care and her employer contributes $935 every year towards total coverage Cost.
Then,
Catherine's rate for health care is $165 since her monthly payment is higher than $55,000
Total contribution = Health care rate + coverage cost contributed by her employer
Total contribution = $165 + $935
Total contribution = $1,100
We can calculate the percentage in which Catherine contributes towards total coverage as;
= Health care rate / Total contribution * 100
= 165 / 1,100 × 100
= 0.15 × 100
= 15%
It, therefore, means that Catherine contributes 15% towards the total coverage
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Answer:
a. $13,680.00
b. 15%
got it correct.
Explanation:
Managing cultural diversity involves:
Answer:
Trafficking in people from different cultures makes the work environment both rich but can also create inconvenience.
Dealing with this involves:
-Different forms of communication
-Habits that affect established schedules
-Different opinions about the company's goals
-Stereotypes and prejudices
-Different forms of incentives
I hope it help, regards :)
What are the 3 parts that an informative essay contains?
The three main parts (or sections) of an essay are the introduction, body, and conclusion. The introduction, body, and conclusion are the three main parts of an informative essay outline.
They can be used to define a term, compare and contrast two things, analyse data, or explain how to do something. That concludes the four types of informative writing. Literary conclusion, which is usually shorter; expository writing, which includes written cues that help readers scan information; argumentative or persuasive essay, which advocates a point of view; and procedural writing, which is a step-by-step guide. There are three kinds of informative speeches. They are the demonstration speech, the description speech, and the definition speech.
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Should governments allow professional lobbyists to influence government legislation?
Governments should only allow professional lobbyists to influence government legislation when doing so is in the public's best interests.
Professional lobbyists are groups of people, such as corporations or trade associations, with an interest in the passage of certain legislation. They attempt to influence government legislation by providing the government with information and research to support their interests.
Lobbyists also coordinate meetings between their clients and government representatives and provide contributions to political campaigns.
Allowing professional lobbyists to influence government legislation can be beneficial, as it can provide government representatives with valuable information and research to inform their decision-making.
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What are the benefits of agreement?
The primary benefit of trade agreements is the increase of a country's export market as a result of coordinated negotiations between two nations.
In addition to lowering and removing tariffs, free trade agreements also assist in addressing hidden trade barriers that would otherwise obstruct the flow of goods and services, promote investment, and enhance the regulations governing matters like intellectual property, e-commerce, and public procurement.
Free trade agreements strengthen shared approaches to trade and investment between Australia and our trading partners and encourage regional economic integration.
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The complete question is:
What are the benefits of a trade agreement?
In which type of market would you find it the most difficult to buy goods from another country?pure market economyclosed economytraditional economymixed market economy
In a closed financial system market it would be very challenging to buy items from any other country. Explanation: In a closed economy the country has no approach of transacting items or offerings with any other us of a or economy.
What is a closed and open economy?Open and Closed Economies •A closed economy is one that does now not have interaction with different economies in the world. • There are no exports, no imports, and no capital flows. • An open financial system is one that interacts freely with other economies round the world.
According to The Economist, a closed economic system is: “An economy that does no longer take section in international trade; the opposite of an open economy. At the turn of the century about the only remarkable instance left of a closed economy is North Korea.
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https://brainly.com/question/30104453#SPJ4Wendy, who is single, worked her way through college earning an annual taxable income of $12,000 in 2022. Her first job after graduation will give her a taxable income of $35,000 per year. Using the tax table, what is her marginal tax bracket in 2022 while she is still in school and what will it be when she graduates?.
The US marginal tax bracket in 2022, while she is still in school is 12% and it will still be 12% when she graduates because the marginal rate tax slab is 12% for single filers with taxable income between $10,275 to $41,775.
What does the marginal tax rate mean to us?The tax rate you pay on every extra dollar of income is known as the marginal tax rate. In the US, as income grows, so does the federal marginal tax rate for people. Your marginal tax rate will thus probably be lower than your tax bracket.
The progressive taxation technique seeks to tax people in accordance with their wages, with low-income earners paying less in taxes than high-income earners.
Taxpayers are often split into tax brackets or ranges under a marginal tax rate, which determines the rate applied to the tax filer's taxable income. The final dollar earned will be taxed at a greater rate than the first dollar earned as income rises. In other words, the first dollar made will be taxed at the lowest tax bracket's rate, the final dollar earned at the highest bracket's rate for that total income, and all money generated in between will be taxed at the range into which it falls.
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