Convict leasing is the system that allowed prison officials to sell the labor of inmates to private businesses and it was first adopted by the southern states in the United States in the late 19th century.
It allowed prison officials to rent out the labor of prisoners to private businesses. Under the system, inmates were required to work in harsh and dangerous conditions and were paid little or nothing for their labor. Inmates were often subject to cruel treatment and were forced to work long hours.
This system was abolished in the mid-20th century after widespread outcry over the mistreatment of inmates and its widespread economic impact. Convict leasing is widely seen as a dark chapter in the history of American criminal justice and was eventually replaced with prison labor laws that provided inmates with basic rights and a minimum wage.
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if the issuer has no obligation to pay dividends or repurchase the security, it is usually classified as
If the issuer has no obligation to pay dividends or repurchase the security, it is usually classified as common stock.
What is common stock?A common stock is an ownership stake in a corporation that represents a claim on a portion of the company's assets and earnings. Common stockholders have the right to elect a board of directors and vote on significant corporate matters. Common stock is riskier than preferred stock because it has no set dividend rate, and dividend payments are at the company's discretion.
An issuer of securities is obligated to pay dividends or repurchase the security in the case of preferred stock but not in the case of common stock. Because common stockholders are not entitled to a fixed dividend rate or a guaranteed payment of principal, they are considered the owners of the company and have the ability to profit from its growth and success. Therefore, common stock is classified as a stock that does not have the obligation to pay dividends or repurchase the security.
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entries for note collected by bank accompanying a bank statement for borden company is a credit memo for $26,390 representing the principal ($26,000) and interest ($390) on a note that had been collected by the bank. the company had been notified by the bank at the time of the collection but had made no entries. journalize the entry that should be made by the company to bring the accounting records up to date. if an amount box does not require an entry, leave it blank.
Journalizing the entry that should be made by the company to bring the accounting records up to date. The journal entry should be recorded in the books of the company as follows:
Debit Credit Cash account $26,390
Interest income account $390
Note receivable account $26,000
The company did not record the collection of principal and interest on the note when it was collected by the bank. Therefore, the accounting records of the company are not up to date.
To bring the accounting records up to date, the company should record the collection of principal and interest on the note when it was collected by the bank. This can be done by journalizing the entry.
The bank has already recorded the collection of the principal and interest on the note. Therefore, this is a credit memo for the company. It represents the collection of principal and interest on the note by the bank. The amount of the credit memo is $26,390. The principal amount collected by the bank is $26,000, and the interest collected by the bank is $390.
Therefore, the journal entry to be made by the company to bring the accounting records up to date is:
Cash account $26,390
Interest income account $390
Note receivable account $26,000
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Drew receives an inheritance that pays him $54,000 every three months for the next two years. Which of the following is closest to the present value (PV) of this inheritance if the interest rate is 8.9% (EAR)?A) $314,366
B) $471,549
C) $392,957
D) $432,000
The present value (PV) of Drew's inheritance is closest to Option C, $392,957, being the correct answer.
How to calculate the present value of Drew's inheritance?To calculate the present value of an annuity of Drew's inheritance using the following formula:
PV = R / (1 + i)nWhere R is the regular payment (in this case, $54,000), i is the effective annual interest rate (in this case, 8.9% or 0.89), and n is the number of payments.
Drew receives $54,000 every 3 months for the next two years, which is equivalent to 8 payments since there are 12 months in a year and payments are made every three months.
Plugging in the numbers, we get:
PV = $54,000 / (1 + 0.89)8 PV= 54,000 / (1.89)8 = $392,957 ← option C.Another question about present value in https://brainly.com/question/20813161
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(Saving or Investment) is the source of the demand for loanable funds. As the interest rate falls, the quantity of loanable funds demanded (increases or decreases). Suppose the interest rate is 5.5%. Based on the previous graph, the quantity of loanable funds supplied is (greater or less) than the quantity of loans demanded, resulting in a (surplus or shortage) of loanable funds. This would encourage lenders to (raise or lower) the interest rates they charge, thereby (increasing or decreasing) the quantity of loanable funds supplied and (increasing or decreasing) the quantity of loanable funds demanded, moving the market toward the equilibrium interest rate of (what percent?).
Investment is the source of the demand for loanable funds. As the interest rate falls, the quantity of loanable funds demanded increases.
Investment refers to the allocation of resources, such as money, time, or effort, into assets or activities with the expectation of generating future returns or benefits.
Based on the previous graph, if the interest rate is 5.5%, and the quantity of loanable funds supplied is greater than the quantity of loans demanded, there is a surplus of loanable funds. This would encourage lenders to lower the interest rates they charge, thereby increasing the quantity of loanable funds supplied and decreasing the quantity of loanable funds demanded, moving the market toward the equilibrium interest rate.
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Labor productivity can be increased through investments in __________.A) human capitalB) an efficient financial systemC) natural resource ownership
Labor productivity can be increased through investments in human capital.
Labor productivity is a measure of how much work is done in a given period of time. This metric assesses how effectively the labor force uses their skills, expertise, knowledge, and time to produce goods and services. Companies assess labor productivity to assess their capacity to compete in the market, increase profits, and reduce costs.
Human capital is the sum of knowledge, abilities, and experience that an employee brings to an organization. Human capital encompasses the quality of education, vocational training, work experience, health, and work habits that an employee possesses, all of which contribute to their productivity.
Investing in human capital boosts productivity, which leads to a company's growth and development. Training and development of employees enhance the quality of services and products produced, increasing efficiency and reducing production costs. Human capital investments have the following advantages to labor productivity:
1)They enhance worker efficiency and production effectiveness. They allow for increased production volume and output.
2)They provide a greater return on investment when compared to any other investment in production.
3)They enhance workers' capabilities and promote their job satisfaction, which leads to greater employee retention.
4)Investment in human capital increases the capabilities and potential of the workforce. It results in workers being able to perform tasks better, create better quality products, work faster, and improve efficiency. By investing in human capital, companies are in a better position to increase profits, reduce costs, and achieve better outcomes. Therefore, the answer is human capital.
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Trade between two countries can benefit both countries ifA.each country exports that good in which it has a comparative advantage.
B.each country enjoys superior terms of trade.
C.each country has a more elastic demand for the imported goods.
D.each country has a more elastic supply for the supplied goods.
E.Both C and D.
The correct option is A, Trade between two countries can benefit both countries if each country exports that good in which it has a comparative advantage.
Trade refers to the exchange of goods and services between individuals, businesses, or countries. It is a fundamental aspect of human society and has been practiced for centuries. Trade can occur on a local, national, or international level, and can involve various types of products and services, such as food, clothing, technology, or financial services.
Trade allows individuals and businesses to specialize in the production of goods and services that they are best suited to, and then exchange those products for other goods or money. This specialization and exchange of goods and services leads to increased efficiency, higher productivity, and overall economic growth.
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Recent trends that might lead managers of multinational corporations (MNCs) to adopt a more decentralized strategy for their operations would include all of the following EXCEPT ______.
A. international customers' needs, interests, and tastes are becoming increasingly homogenized or similar.
B. consumers around the world are increasingly willing to trade off idiosyncratic preferences in product features for lower prices.
C. flexible manufacturing trends have allowed a decline in the minimum volume required to reach acceptable levels of production efficiency.
D. cultural globalization and technological standards diffusion across countries are resulting in increased similarities in lifestyles and preferences in an increasing number of countries around the world.
The statement which is true about the recent trends that might lead managers of multinational corporations (MNCs) to adopt a more decentralized strategy for their operations would include all of the following EXCEPT flexible manufacturing trends have allowed a decline in the minimum volume required to reach acceptable levels of production efficiency.
MNCs is the acronym for Multinational Corporations, i.e., organizations that are operating in more than one country. There are several recent trends that are pushing multinational corporations (MNCs) to adopt a more decentralized strategy for their operations. The statement that is not true among the recent trends that might lead managers of multinational corporations (MNCs) to adopt a more decentralized strategy for their operations is that flexible manufacturing trends have allowed a decline in the minimum volume required to reach acceptable levels of production efficiency. Instead, it is one of the recent trends that have resulted in the decentralization of the operational strategy of MNCs.The following are the recent trends that might lead managers of multinational corporations (MNCs) to adopt a more decentralized strategy for their operations: international customers' needs, interests, and tastes are becoming increasingly homogenized or similar. consumers around the world are increasingly willing to trade off idiosyncratic preferences in product features for lower prices. cultural globalization and technological standards diffusion across countries are resulting in increased similarities in lifestyles and preferences in an increasing number of countries around the world.
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an associate broker has fallen behind on child support payments with no plan in place to make up delinquent payments. in this case, the commission
If an associate broker falls behind on child support payments with no plan to make up the delinquent payments, the commission will most likely be garnished by a court order.
What is an associate broker?An associate broker is a real estate professional who has taken advanced courses and has completed the necessary experience requirements for a broker’s license. Associate brokers can work independently as real estate brokers, but they usually work under the supervision of a real estate broker. Commission on a real estate sale. A commission is a percentage of the sale price of a property that is paid to a real estate agent or broker.
Typically, the commission is split between the seller's agent and the buyer's agent, with the listing agent receiving a higher percentage because they are responsible for advertising and selling the property. The commission is usually paid at the closing of a real estate transaction. If an associate broker falls behind on child support payments with no plan to make up the delinquent payments, the commission will most likely be garnished by a court order.
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a fixed-weight price index like the consumer price index (cpi) the change in the cost of living because it take into account that people can substitute less expensive goods for ones that have become more expensive.
A fixed-weight price index like the consumer price index (CPI) takes into account that people can substitute less expensive goods for ones that have become more expensive. (TRUE)
What is a fixed-weight price index?A fixed-weight price index is an index in which the weights or proportions utilized to calculate the index do not alter over time. The fixed basket price index or fixed bundle price index are two examples of fixed-weight indices. The index number is calculated using a fixed basket of commodities with unchanged weights over time.
In general, fixed-weight price indexes provide a good picture of inflation since they show price changes for goods that have the same quality and features over time. Since they use a constant basket of products, the weights do not vary from year to year, which eliminates substitution biases.
The Consumer Price Index (CPI) is one example of a fixed-weight price index. CPI is a measurement of inflation that compares the cost of a standard set of consumer products over time. CPI, for example, measures the change in the cost of living over time.
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unlike the classical economists, keynes asserted that
The Keynes argued that, in contrast to the Classical economists, the economy was intrinsically unstable. While Keynesian Economics (also known as neoclassical economics) is founded on the notion that if demand is insufficient to meet total output.
The governments should intervene with fiscal measures, classical economics emphasizes the free market and supply and demand. The long-term state of the economy, in which all workers and resources are employed, is shown by the classical model. The Keynesian Model explains what occurs in the short term during expansions and recessions when the economy is performing above or below its potential.
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The question is incomplete complete question is given below
Unlike the classical economists, keynes asserted that the economy was inherently unstable.
One way a local community might regulate a shared and limited resource and reduce the tragedy of the commons is to ....answer choiceseliminate ownership of the resources and make them available to alldivide the resources into parcels and assign them to individualsoffer subsides to users of the resources in the form of tax breaksreduce the cost of access to the resources
Option (b), By dividing the resources into parcels and allocating them to specific people, a small community may govern a shared and finite resource and lessen the tragedy of the commons.
What does "tragic commons" actually mean?The expression "tragedy of the commons" refers to a situation where individuals who have access to a shared resource, often referred to as a common, act selfishly and finally exhaust the supply.
There was a reason why the commons calamity occurred.When individuals prioritize their personal interests over the well-being of society, the tragedy of the commons is a problem that arises in economics. Because of this, the resource is ultimately exploited excessively, which is bad for everyone.
With the tragedy of the commons, what does sustainability mean exactly?Economics' foundational idea is the tragedy of the commons. As no one is required by law to maintain anything that is protected in the commons, it is thought that anything conserved in the commons (as opposed to being privately owned) faces greater sustainability concerns.
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The complete question is:
One way a local community might regulate a shared and limited resource and reduce the tragedy of the commons is to ....
answer choices
eliminate ownership of the resources and make them available to alldivide the resources into parcels and assign them to individualsoffer subsides to users of the resources in the form of tax breaksreduce the cost of access to the resourcesa reit has an noi of $15 per share and currently pays a dividend of $10 per share. the dividend is projected to increase by 4 percent by next year and continue to increase by 4 percent per year thereafter. assuming that the blended cap rate is 9.75 percent and the required rate of return is 10.5 percent, what would be the net asset value (nav) of the reit?
The net asset value (NAV) of the REIT is $153.85 per share and the present value of the expected future dividends is $183.16 per share.
NAV (Net Asset Value) of a REIT (Real Estate Investment Trust) is defined as the total value of a REIT's assets minus its liabilities. The formula used to calculate the NAV of a REIT is NOI/cap rate. Here, the NOI is $15, which is assumed to remain constant, and the cap rate is 9.75 percent. Now, let's calculate the NAV of the REIT.
Given,
NOI of REIT = $15 per share
Dividend paid by the REIT = $10 per share
Dividend growth rate = 4% by next year and 4% per year thereafter
Blended cap rate = 9.75%Required rate of return = 10.5%
We know that,
NAV = NOI / cap rate (formula)Given,
NOI of the REIT = $15 per share
Cap rate = 9.75%Therefore,
NAV = $15 / 0.0975 = $153.85 per share (rounded to the nearest cent)The dividends paid by the REIT will be growing at a rate of 4% per year. Therefore,
Next year dividend per share = $10 + 4% of $10 = $10.4 (rounded to the nearest cent)In the year after that,
Dividend per share = $10.4 + 4% of $10.4 = $10.82 (rounded to the nearest cent)And so on.
Now, let's calculate the present value of the expected future dividends using the dividend discount model.
P0 = D1 / (r - g)where,
D1 = Expected dividend in the first year = $10.4r = Required rate of return = 10.5%g = Dividend growth rate = 4%Therefore,
P0 = $10.4 / (0.105 - 0.04) = $183.16 per share (rounded to the nearest cent)
Hence, the net asset value (NAV) of the REIT is $153.85 per share and the present value of the expected future dividends is $183.16 per share.
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The secondary market is best defined by which one of the following? Multiple Choice o Market in which subordinated shares are issued and resold. o Market conducted solely by brokers. o Market dominated by dealers. o Market where outstanding shares of stock are resold. o Market where warrants are offered and sold.
Option-D: The secondary market is best defined by the market where outstanding shares of stock are resold.
A secondary market is where securities are sold and traded by people who previously purchased them from an issuing firm or another investor in the primary market. The secondary market is a market where already-issued securities are bought and sold between investors without the involvement of the issuing company, and it includes both exchanges and over-the-counter markets.To understand the difference between a primary market and a secondary market, consider this example:When an organization initially offers securities to the public through a public offering, it is known as the primary market.
The securities then change ownership on the secondary market, which is where investors can buy or sell them with other investors.When an investor purchases securities through the secondary market, the organization that issued the securities is not involved. Secondary markets, unlike primary markets, are essentially where already-issued securities are bought and sold by investors. As a result, secondary markets provide investors with a variety of options for trading securities.Thus the correct answer is Option-D.
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in the area of human capital differences, what is not true for women? group of answer choices they have fewer responsibilities in the same jobs as men. they confront greater barriers to establish mentor relationships. they occupy more than half of all management and professional positions. they tend to self-select themselves out of leadership tracks.
It is not true for women that they have fewer responsibilities in the same jobs as men.
What is human capital?The knowledge, abilities, and skills that workers can use to produce valuable goods and services are known as human capital. Human capital is sometimes referred to as "talent" or "human resources."
What is the difference between men and women in human capital?The primary distinction between males and females in the area of human capital is that females are more likely to be responsible for household duties than males. Women have less access to education and job opportunities than men.
However, in the modern age, the distinction is slowly becoming more blurred, as more women receive equal educational and professional opportunities, allowing them to participate in the workforce at the same level as men.
Women tend to face greater barriers to establishing mentor relationships, are self-selecting out of leadership tracks, and occupy more than half of all management and professional positions.
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a local firm and the foreign firm investing together to create a local business is called a(n) blank . multiple choice question. import-export company countertrade agreement joint venture franchise partnership
A local firm and a foreign firm investing together to create a local business are called a Joint Venture.
A joint venture is a business association in which two or more businesses, typically based in different countries, cooperate to conduct a new company or project.
A joint venture is distinguished from a merger or acquisition since the businesses that join to form the joint venture typically retain their individual identities.
Joint ventures are often used by corporations to enter into new markets, gain access to new technologies, or reduce risk in particular areas.
A joint venture can provide access to local markets, distribution networks, and supply chains, and it may be less expensive than acquiring an existing business.
A local firm and the foreign firm investing together to create a local business is called a joint venture.
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What is the type of business tort that occurs when one business steals a competitor’s employee?
intentional infliction of emotional distress
trespass to contract
wrongful or tortious interference with contract
breach of contract
The type of business tort that occurs when one business steals a competitor's employee is called "wrongful or tortious interference with contract."
This occurs when a third party, in this case, the competitor, intentionally interferes with a contractual or business relationship between two parties, such as the employer and employee, causing one of the parties to breach the contract or business relationship. In this case, the competitor would have intentionally induced the employee to breach their employment contract with their current employer and work for them instead, causing harm to the current employer. This type of business tort can result in legal action against the interfering party and damages awarded to the harmed party.
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true or false. an error is considered material if it would trigger an irs audit.
An error is considered material if it would trigger an IRS audit. The statement is false.
The materiality of an error is not determined by whether it would trigger an IRS audit or not. Materiality refers to the significance of an error or misstatement in financial statements, and it is determined by the size, nature, and context of the error or misstatement. An error is considered material if it could affect the decisions of users of the financial statements, such as investors or creditors. The determination of materiality is a matter of professional judgment, based on a consideration of all relevant factors. An IRS audit is an examination of an individual or business's tax return to verify its accuracy and completeness.
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GI of $125,000 and paid the following taxes this year. Calculate how much Janyce can deduct for taxes as an itemized deduction this year.
State income tax withholding $7,200
State income tax estimated payments 600
State income tax refund (applied to this year's tax) 800
State automobile tax (based on car's value) 1,900
itemized deduction?
GI of $125,000 and paid the following taxes this year. Janyce can deduct about $10,500 for the taxes as an itemized deduction this year.
What is the itemized deduction?Janyce has a GI of $125,000 and paid the following taxes this year: State income tax withholding of $7,200.
State income tax estimated payments of 600.
State income tax refund (applied to this year's tax) = 800
State automobile tax (based on car's value) = 1,900
Calculate how much Janyce can deduct for taxes as an itemized deduction this year.
To calculate the itemized deduction, you need to know the sum of all state and local taxes, including state and local income, sales, and property taxes, is 10,500. As a result, the amount she can deduct for taxes as an itemized deduction is 10,500.
Therefore, Janyce can deduct $10,500 for taxes as an itemized deduction this year.
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True or False, one of the advantages of targeting a market segment globally is that although the segment in a single-country market might be small, even a narrow segment can be served profitably if the segment exists in several countries.
True. One of the advantages of targeting a market segment globally is that although the segment in a single-country market might be small, even a narrow segment can be served profitably if the segment exists in several countries.
This is due to the fact that the total size of the market increases significantly when it is combined across multiple countries. For example, if a company produces a product that appeals to a specific demographic, they may be limited in their ability to serve that market in one country. However, if they can expand to multiple countries, they may find that the total size of the market segment is much larger than anticipated.
Moreover, global market segmentation also allows companies to tap into new customer segments and create more competitive pricing strategies. By targeting different countries, companies can reach a wider audience and may be able to lower their production costs due to economies of scale.
Furthermore, they may be able to take advantage of existing distribution networks in order to reduce their costs. All of this can help to increase profits and market share, making global market segmentation a great way to expand a business.
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joe sells ergonomically-designed office furniture. joe would find it easier to sell to a customer who:
Joe sells ergonomically-designed office furniture. Joe would find it easier to sell to a customer who has a need for high-quality office furniture.
Why a customer has a need for high-quality office furniture?
A customer who has a need for high-quality office furniture will appreciate the value of a good ergonomic design.
Joe's furniture would provide the necessary features that the customers would expect from high-quality office furniture, which would make it easier for him to sell his ergonomically-designed office furniture to such a customer. High-quality office furniture requires the use of high-quality materials and high-quality workmanship, which would make the furniture durable and long-lasting. Ergonomically-designed office furniture is comfortable, and it helps to reduce the likelihood of the user developing strains or other injuries while using the furniture.
Answer: Joe would find it easier to sell to a customer who has a need for high-quality office furniture.
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the bls reports the u-6 measure of labor underutilization. which of the following is how it computes u-6? question 10 options: a. (total unemployed + marginally attached workers)/adult population b. (total unemployed + marginally attached workers + part-time employed for economic reasons)/adult population c. (total unemployed + marginally attached workers)/(labor force + marginally attached workers) d. (total unemployed + marginally attached workers + part-time employed for economic reasons)/(labor force + marginally attached workers)
The BLS (Bureau of Labor Statistics) reports the U-6 measure of labor underutilization. The option that correctly shows how U-6 is computed is (B) (total unemployed + marginally attached workers + part-time employed for economic reasons)/adult population.
What is the U-6 unemployment rate?The U-6 unemployment rate is a measure of unemployment that includes not only those who are unemployed but also those who are underemployed or marginally attached to the labor force. The U-6 measure includes people who are marginally attached to the labor force.
This group includes those who have looked for work in the past year but have not looked for work in the past four weeks because of various reasons. They include those who want a job, but are discouraged because they believe that there are no jobs available.
Additionally, it includes people who are employed part-time for economic reasons.U-6 = (Total unemployed + Marginally attached workers + Part-time employed for economic reasons) / Adult population (16 years and older)
Note: The labor force is the sum of the total unemployed and the total employed.
The adult population (16 years and older) is the sum of the labor force and those who are not in the labor force.
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An electronics store has a current inventory of 50 stereo systems. The lowest-priced stereo system in the store sells for $800, and the highest-priced stereo system sells for $3,000. Which of the following is the maximum amount of $3,000 systems on hand if the current inventory totals $111,000?
a. 30
b. 32
c. 35
d. 37
To find out the maximum amount of $3,000 systems on hand if the current inventory totals $111,000 is 35. Hence, option (c) is correct.
let's proceed with the following steps:
Step 1: Calculate the number of stereo systems that can be bought for $111,000.Maximum price stereo system = $3,000Lowest price stereo system = $800Total stereo systems = 50Let's calculate the number of stereo systems that can be bought for $111,000.\[\frac{{\$111,000}}{{\$800}} = 138.75\]Therefore, 138 stereo systems can be bought for $111,000.
Step 2: Calculate the number of $3,000 stereo systems that can be bought if the total number of stereo systems bought is 138. To find out the number of $3,000 stereo systems that can be bought if the total number of stereo systems bought is 138, we can use the following formula:\[3,000n + 800\left( {138 - n} \right) = 111,000\]On solving this equation, we get:n = 35.4 (approx)
Therefore, the maximum amount of $3,000 systems on hand if the current inventory totals $111,000 is 35. Hence, option (c) is correct.
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the speaker often refers to promises throughout the poem. what are they? question 2 options: o vows of love o confirmation of employment offers o party invitation responses o ballads
The speaker often refers to promises throughout the Poem. The promises referred to by the speaker in the poem are vows of love.
About the poemsThe poem is about love, promises, and broken hearts. Throughout the poem, the speaker addresses the issue of love and the promises made by a lover who eventually left.
The speaker talks about the promises of love that were made to her by her lover. He promises to love her forever, be with her always, and never leave her. However, despite his promises, he eventually leaves her heartbroken and in pain.
The poem emphasizes the power of promises and how they can impact a person's life. It also explores the idea of heartbreak and the pain it can cause. In conclusion, the promises referred to by the speaker in the poem are vows of love.
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you have landed an interview with your dream company. because they are out of state, they asked to do the initial interview on video. how can you best prepare to ace your video job interview?
To prepare for a video job interview, be sure to dress professionally, have your resume on-hand, practice answers to common questions, and test your audio/video connection.
Have good lighting, choose a quiet space with a plain background, and be conscious of your body language. Before the interview, do research on the company to show you’re prepared.
During the interview, answer each question clearly and concisely, and make sure to maintain eye contact with the interviewer. After the interview, be sure to follow-up with a thank-you note to the interviewer.
Preparation is key to acing a video job interview, so set yourself up for success by making sure you’re organized and ready for the conversation.
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What term refers to the development and management of supplier relationships to acquire goods and services in a way that helps achieve the needs of a business?
(a) Lean procurement
(b) Strategic sourcing
(c) JIT sourcing
(d) Vendor networks
(e) Third-party logistics.
The term that refers to the development and management of supplier relationships to acquire goods and services in a way that helps achieve the needs of a business is Strategic sourcing. Option (b) is correct.
It is a procedure that entails assessing present and potential suppliers and examining their offerings to ascertain the most economical and effective approach to obtain the products or services required for the company.
To choose the most economical and effective suppliers, strategic sourcing employs a holistic approach to supplier management.
This strategy also entails building enduring connections with the supplier in order to benefit both sides and negotiate advantageous terms and conditions.
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why do we study pure competition even though there are no purely competitive markets?
We study pure competition because it is a useful theoretical construct for understanding certain aspects of markets.
Even though there are no purely competitive markets, the principles of pure competition can be applied to many different types of markets to understand the behaviors of firms and how markets function. By studying pure competition, we can better understand how different market structures, such as oligopoly and monopolistic competition, function. Pure competition is a type of market structure that is characterized by many sellers, each offering identical or homogeneous products. This means that there is no differentiation among firms, and that no one firm has any market power. In these markets, firms are price takers, meaning they have to accept the price that is set by the industry, and they have no ability to influence the price. Furthermore, there is perfect knowledge among buyers and sellers.
To sum up, even though there are no purely competitive markets in the real world, the principles of pure competition are useful for understanding the behaviors of firms in many different types of markets. Studying pure competition helps us to understand the behaviors of firms in oligopolies and monopolistic competitions, and how markets function as a whole.
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musashi needs a loan and is speaking to several lending agencies about their interest rates and loan terms. he particularly likes his local bank because he is being offered a nominal rate of 6.00%. however, since the bank is compounding its interest quarterly, the loan will impose an effective interest rate of on his loan.
a. 6.136%
b. 6.450%
c. 5.995%
d. 6.319%
[tex]r = 1.015^{4 - 1}[/tex]6.136% is the effective interest rate on Musashi's loan due to quarterly compounding. The correct answer is A.
When calculating the effective interest rate (EIR) on a loan, the following formula is used:
[tex]r = (1 + ( 1 / n))^{n - 1}[/tex]
where:
r - the effective annual interest rate;
i - the nominal interest rate;
n - the number of compounding periods per year.
Musashi's loan's nominal interest rate is 6.00%, and it is compounded quarterly. As a result,
n=4, and i=6.00%.
Putting these values into the formula:
[tex]r = (1 + ( 6.00percent/ 4))^{4 - 1}[/tex]
[tex]r = (1 + 0.015))^{4 - 1}[/tex]
[tex]r = 1.015^{4 - 1}[/tex]
= 1.061357 - 1
= 0.061357
= 6.136%
Therefore, the effective interest rate (EIR) on Musashi's loan would be 6.136%. Answer is (A) 6.136%.
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8. The LIBOR zero curve is flat at 5% (continuously compounded) out to 1.5 years. Swap rates for 2- and 3-year semiannual pay swaps are 5.4% and 5.6%, respectively. Estimate the LIBOR zero rates for maturities of 2.0, 2.5, and 3.0 years. (Assume that the 2.5-year swap rate is the average of the 2- and 3-year swap rates and use LIBOR discounting.) Explain.
The LIBOR zero rates for maturities of 2.0, 2.5, and 3.0 years are estimated as follows:
2.0 years: 5.4%
2.5 years: 5.5% (average of the 2- and 3-year swap rates)
3.0 years: 5.6%
The LIBOR zero curve is flat at 5%, and the 2- and 3-year swap rates are higher than the 5% LIBOR zero rate. This is because a swap rate is composed of the LIBOR zero rate and a risk premium to compensate for the counterparty default risk and other risks.
The 2.0-year LIBOR zero rate is 5.4% since it is the same as the 2-year swap rate. The 2.5-year LIBOR zero rate is calculated as the average of the 2- and 3-year swap rates, which is 5.5%. The 3.0-year LIBOR zero rate is the same as the 3-year swap rate, which is 5.6%. LIBOR discounting is used because the LIBOR rate is used to calculate interest payments on the swap.
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an auditor's documentation provides evidence of the work performed, the evidence evaluated, and the conclusions drawn. in reviewing an auditor's documentation, a supervisor or manager will review:
The supervisor or manager reviewing an auditor's documentation will review evidence of the work performed, the evidence evaluated, and the conclusions are drawn. This is to ensure that the auditor followed established auditing standards and that the audit was conducted in accordance with the agreed-upon audit plan.
What is an auditor's documentation?An auditor's documentation provides evidence of the work performed, the evidence evaluated, and the conclusions drawn by the auditor. Audit documentation includes audit plans, procedures, audit evidence, and other supporting documents, including correspondence relating to the audit. Audit documentation should provide a clear explanation of the auditor's work performed, audit evidence gathered and conclusions are drawn.
It also provides an audit trail that enables the auditor to demonstrate compliance with auditing standards, ethical principles, and professional requirements. In reviewing an auditor's documentation, a supervisor or manager will review the work performed, the evidence evaluated, and the conclusions are drawn. They will verify that the audit documentation is adequate, complete, and conforms to applicable auditing standards and guidelines. A supervisor or manager may also review the audit documentation to gain an understanding of the audit process and the quality of the audit work performed. They will determine if the auditor has appropriately identified and addressed significant risks, documented sufficient audit evidence, and reached appropriate conclusions based on that evidence.
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2. Case 2: (Contravention of contract conditions) Tom bought a new radio on hire purchase (H.P.). He allowed his friend to use it and it was subsequently damaged and stopped working. Tom returned the radio to the store, saying that it was still under guarantee and that he wanted either his money back or a new radio within a week. He did not hear from the company and decided to sue. What was the likely outcome of the case?
The corporation will lose the case because a breach of contract is a civil wrong and legal cause of action in which one or more parties to a contract violates the terms of the agreement by breaking their obligations under the agreement or interfering with the performance of the other party.
The four terms of a contract are what?The key elements required for the agreement to be a proper offer and acceptance, adequate consideration, capacity, and legality are mutual assent expressed by them, adequate consideration, adequate consideration, and capacity.
The term "agreement" refers to a written agreement between a party and a third party. A breach could be anything from a missed payment to a more serious transgression, such as failing to deliver an asset that was promised. A contract is valid and enforceable in court.
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