1. a. State explain any nwe (Y) iocuses oi macroeconomic phenomena? b. State four (4) macroeconomic policy goal? 2. Discus the chailenges of national income accounting in developing countries? Recommend solution to each issue raised. 3. a. What is the difference between nominal and real economic variables, give relevant examples? b. Why do economists tend to concentrate on changes in real magnitudes? 4. Explain the following consuartion theorss ssibsi miate your answer with real life examples 2) Absolute Income Hypothecis 5) Relative Income Hynothesis i) Permanent Income Hypothesis d) The Life Cycle Hypothesis
Answers
1. a. Macro-economic phenomena: The macro-economic phenomena focus on various economic aspects that influence the economy on a large scale. These include price levels, employment rates, economic growth, trade deficits, and inflation.
b. Macro-economic policy goals: The four macro-economic policy goals are:
High employment rates: The policy goal is to maintain low levels of unemployment in the economy.
Stable prices: Stable prices policy goal aims to keep the inflation rate within a certain range.
Economic growth: The policy goal is to increase the production of goods and services in the economy.
Balanced trade: The policy goal is to manage a balance between imports and exports of goods and services.
2. Challenges of national income accounting in developing countries: The challenges of national income accounting in developing countries are as follows:
Informal sector: The informal sector's economic activity is often not accounted for in developing countries.
Lack of data: The lack of available data in developing countries makes it challenging to assess the economic situation in the country.
Lack of proper methods: Developing countries often lack the proper methods to collect and analyze data, making national income accounting challenging.
Recommend solutions to the challenges of national income accounting:
The government should implement measures to track the economic activities in the informal sector.
Developing countries should invest in collecting data using advanced technology and techniques.
The government should ensure that proper data collection and analysis methods are put in place to enhance accuracy.
3. a. The difference between nominal and real economic variables: Nominal variables are not adjusted for inflation, whereas real variables are adjusted for inflation. Examples of nominal variables are nominal wages, nominal GDP, and nominal interest rates. Examples of real variables are real wages, real GDP, and real interest rates.
b. Economists tend to concentrate on changes in real magnitudes because they are adjusted for inflation. This helps to provide a more accurate measure of changes in economic variables over time.
4. Explanation of the following consumption theories with real-life examples:
Absolute Income Hypothesis: According to this theory, people spend more as their income increases, regardless of their income level. For example, if a person's income increases from $50,000 to $70,000, they will spend more.
Relative Income Hypothesis: This theory suggests that people's spending behavior is not just based on their absolute income level, but also on their income level relative to others. For example, a person may spend more if they feel that their income is lower than their peers, even if their absolute income level is high.
Permanent Income Hypothesis: According to this theory, people spend based on their average income over a more extended period instead of their current income level. For example, if a person's income varies over the year, they will spend based on the average income over the year.
The Life Cycle Hypothesis: According to this theory, people base their spending decisions on their expected income throughout their lifetime. For example, a person may save more when they are young, anticipating that they will earn more when they are older.
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Related Questions
Select the term that best describes each situation. Use each term no more than once.
If you want to improve your organization's retention of minority employees and improve these employees' performance, what type of culture should you try to influence?
• Conflict culture
• Disagreeable conflict management norms
• Passive-aggressive conflict culture
• Active conflict management norms
• Dominating conflict culture
• Culture of inclusion
• Passive conflict management norms
• Collaborative conflict culture
• Agreeable conflict management norms
• Avoidant conflict culture
Answers
To improve the retention of minority employees and their performance, the type of culture that you should try to influence is the culture of inclusion.
Culture of inclusion is the best option to enhance the retention of minority employees and improve their performance. Minority employees should be made to feel welcome and accepted in the workplace to avoid situations where they feel isolated or unwanted. This promotes a sense of belonging and unity, and it aids in the development of a comfortable work atmosphere. This implies that management must be dedicated to promoting diversity and inclusivity, which can be accomplished by hiring a diverse workforce, establishing a supportive work environment, and engaging with minorities to better understand their needs and workstyles.
Conflict culture is a type of organizational culture in which conflict is seen as an essential element of the organizational experience. Conflict culture can be defined as the norms, values, behaviors, and assumptions that organizations use to cope with conflicts within the workplace. Dominating, active, passive-aggressive, passive, and avoidant conflict cultures are all examples of conflict cultures. Collaborative conflict culture is an exception in which organizations value and promote collaboration between individuals and departments to improve work results, effectiveness, and overall well-being. Finally, agreeable and disagreeable conflict management norms are also used to describe how organizations handle conflict.
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The three major categories included on the statement of cash flows are _____. investing, operating, and financing activities investing, capital, and financing activities investing, operating, and contracting activities financial, operating, and internal control activities
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Operating activities, investment activities, and financing activities make up the three divisions of cash overflows.
Cash- related net income activities are included in operating activities. Cash- related non-current asset activities are included in investing. Long- term investments, property, factory, and equipment, as well as the principal sum of loans to other companies, are all exemplifications of non-current means. This order includes effects like money admitted through the trade of land and money invested in another business.( Remember that interest from loans is counted as part of operating activities.) Cash deals involving possessors' equity and non-current liabilities are considered financing activities. The principal balance of long- term debt, stock sales and repurchases, dividend payments, and long- term debt interest payments are among the non-current liabilities and possessors' equity factors.
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Which one of the following is NOT something to look for in identifying the key features of a company's corporate culture?
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D. Profitability Identifying the key features of a company's corporate culture typically does not directly involve evaluating its profitability.
While profitability is an important aspect of a company's overall performance, it is not specifically related to the cultural values, norms, and practices that shape the organization. Instead, when identifying the key features of corporate culture, you would typically look for elements such as communication styles, decision-making processes, leadership styles, teamwork dynamics, employee attitudes, and organizational values.
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In Canada in 2009, during the economic recession, the unemployment rate was 8.4 percent. If the natural rate of unemployment is assumed to be 6.5 percent, then the real unemployment rate exceeded the natural rate by 1.9 percent (8.4 minus 6.5). This means that GDP could have been 3.8 percent higher (1.9 percent times 2). The actual real GDP during the economic downturn in 2009 was $1 549.8 billion, but it could have been 3.8 percent higher, or $58.9 billion more, in terms of dollars ($1 549.8 × 0.038). This figure represents the GDP gap. The potential GDP of the Canadian economy in 2009 was $1 608.7 billion—if only it had been able to achieve full employment.
This GDP gap can have a compounding effect over time. In Figure 12.6, the significance of labelling the two axes "Capital Goods" and "Consumer Goods" lies in the fact that, if the economy were fully utilizing its resources, the potential for producing more capital goods, without sacrificing any consumer goods, exists. The production of more capital goods in the present would translate into an outward shift of the production possibilities curve in the future because more capital goods would be available as inputs for the production process. If a country produces at point A, its future production possibilities curve (PPC) only shifts to PPC1 because of the relatively smaller amount of capital goods it is adding to the productive resource base compared with point B. If that same country were to produce at point B, its future PPC curve shifts to PPC2 instead because it has added relatively more capital goods for use in production without sacrificing any consumer good production. In future years, this "loss" of capital goods would continue to hold PPC curves to levels below what they could have been. This means that the GDP gap in the present has a significant long-term impact in the future—the loss of potential growth.
APPLYING ECONOMIC THINKING
1. In 2016, Canada’s GDP was $1 803.3 billion, and the unemployment rate was 7.0 percent. If the natural rate of unemployment is 6.5 percent, what was Canada’s GDP gap in 2016?
2. The data in the table below are from the Organisation for Economic Co-operation and Development (OECD). The "natural rate of unemployment" in the OECD table is called the Non-Accelerating Inflation Rate of Unemployment (NAIRU). Calculate the GDP gap for each country presented in the table. (Data from stats.oecd.org)Country 2015 Nominal GDP ($ billions) 2015 Unemployment Rate (%) NAIRU (Natural Unemployment Rate) (%) Australia 6.1 5.6 1638.1 (AUD) Canada 6.9 6.6 1995.0 (CAD) Greece 24.9 16.0 176.0 (euro) Korea 3.6 3.4 1486 076.4 (won) Spain 22.0 15.5 1080.0 (euro) 5.3 4.5 United States 18 120.7 (USD).
Answers
The potential GDP of the US economy in 2015 was $18 410.6 billion if it had been able to achieve full employment.
1. If the natural rate of unemployment is 6.5 percent, then the real unemployment rate exceeded the natural rate by 0.5 percent (7.0 minus 6.5). This means that GDP could have been 1.0 percent higher (0.5 percent times 2). The actual real GDP in 2016 was $1 803.3 billion, but it could have been 1.0 percent higher, or $18.0 billion more, in terms of dollars ($1 803.3 × 0.01). This figure represents the GDP gap. The potential GDP of the Canadian economy in 2016 was $1 821.3 billion if it had been able to achieve full employment.
Therefore, Canada’s GDP gap in 2016 was $18.0 billion.
2. GDP gap for each country is as follows:Australia: If the natural rate of unemployment is 5.6 percent, then the real unemployment rate exceeded the natural rate by 0.7 percent (6.3 minus 5.6). This means that GDP could have been 1.4 percent higher (0.7 percent times 2). The actual real GDP in 2015 was 1638.1 billion Australian dollars, but it could have been 1.4 percent higher, or 22.9 billion Australian dollars more, in terms of dollars (1638.1 × 0.014). This figure represents the GDP gap. The potential GDP of the Australian economy in 2015 was 1660.9 billion Australian dollars if it had been able to achieve full employment.
Canada: As calculated in Part 1, Canada’s GDP gap in 2015 was $18.0 billion.
Greece: If the natural rate of unemployment is 18.0 percent, then the real unemployment rate exceeded the natural rate by 2.0 percent (16.0 minus 18.0). This means that GDP could have been 4.0 percent higher (2.0 percent times 2). The actual real GDP in 2015 was 176.0 billion euros, but it could have been 4.0 percent higher, or 7.0 billion euros more, in terms of euros (176.0 × 0.04). This figure represents the GDP gap. The potential GDP of the Greek economy in 2015 was 183.0 billion euros if it had been able to achieve full employment.
Korea: If the natural rate of unemployment is 3.4 percent, then the real unemployment rate exceeded the natural rate by 0.6 percent (4.0 minus 3.4). This means that GDP could have been 1.2 percent higher (0.6 percent times 2). The actual real GDP in 2015 was 1 486.4 trillion won, but it could have been 1.2 percent higher, or 17.8 trillion won more, in terms of won (1 486.4 × 0.012). This figure represents the GDP gap. The potential GDP of the Korean economy in 2015 was 1 504.2 trillion won if it had been able to achieve full employment.
Spain: If the natural rate of unemployment is 15.5 percent, then the real unemployment rate exceeded the natural rate by 0.5 percent (16.0 minus 15.5). This means that GDP could have been 1.0 percent higher (0.5 percent times 2). The actual real GDP in 2015 was 1 080.0 billion euros, but it could have been 1.0 percent higher, or 10.8 billion euros more, in terms of euros (1 080.0 × 0.01). This figure represents the GDP gap. The potential GDP of the Spanish economy in 2015 was 1 090.8 billion euros if it had been able to achieve full employment.
United States: If the natural rate of unemployment is 4.5 percent, then the real unemployment rate exceeded the natural rate by 0.8 percent (5.3 minus 4.5). This means that GDP could have been 1.6 percent higher (0.8 percent times 2). The actual real GDP in 2015 was $18 120.7 billion, but it could have been 1.6 percent higher, or $289.9 billion more, in terms of dollars ($18 120.7 × 0.016). This figure represents the GDP gap.
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If the government imposes a price ceiling below the monopolist's average cost curve, then in the long run the regulation makes:consumers better off.consumers worse off.the monopolist better off.None of the statements is correct.
Answers
If the government imposes a price ceiling below the monopolist's average cost curve, then in the long run the regulation makes "consumers worse off.."
The correct option is consumers worse off.
In the long run, the regulation makes consumers worse off if the government imposes a price ceiling below the monopolist's average cost curve. The price ceiling causes the monopolist to decrease their production since the price that they are getting from the consumers is less than what they are willing to produce at, which causes a shortage in the market.
The consumer surplus is reduced because they are not able to purchase as much of the good as they would like at a lower price, and they are not willing to pay the price at which the monopolist is willing to produce the good. Therefore, the consumers are worse off.
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g xyz corp expects to earn $4.0 per share next year and plow back 37.5% of its earnings (i.e., it expects to pay out a dividend of $2.5 per share, representing 62.5% of its earnings). the dividends are expected to grow at a constant sustainable growth rate and the stocks are currently priced at $30 per share. how much of the stock's $30 price is reflected in present value of growth opportunities (pvgo) if the investors' required rate of return is 20%?
Answers
The present value of growth opportunities (PVGO) for g xyz corp's stock is $10.
To calculate the PVGO, we first need to find the stock's dividend discount model (DDM) value. Here's a step-by-step explanation:
1. Calculate the dividend in the next year (D1): Since the company expects to pay a dividend of $2.5 per share, D1 = $2.5.
2. Determine the required rate of return (r): The investors' required rate of return is given as 20% (0.2).
3. Calculate the sustainable growth rate (g): The company plows back 37.5% of its earnings. The payout ratio is 62.5% (1 - 37.5%). With earnings per share (EPS) of $4.0, the growth rate (g) = EPS × retention ratio = $4 × 37.5% = $1.5.
4. Find the DDM value (P0): Using the Gordon Growth Model, P0 = D1 / (r - g) = $2.5 / (0.2 - 0.0375) = $2.5 / 0.1625 = $15.385.
5. Calculate the PVGO: Subtract the DDM value from the stock's current price: PVGO = $30 - $15.385 ≈ $10.
Thus, $10 of the stock's $30 price is reflected in the present value of growth opportunities.
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At the beginning of the day, stock XYZ opened at $4.25. At the
end of the day, it closed at $5.25. What is the rate of change
of stock XYZ?
Answers
Answer:
23.53 %
Explanation:
The rate of change would be actual change/ original cost x 100
The actual change
= $5.25 - $4.25
=$1
The rate of change
=$1/$4.25 x 100
=0.2353 x 100
=23.53 %
the liturgy refers to the set order of services and structure of each service.T/F?
Answers
The liturgy refers to the prescribed order and structure of religious services or worship. It encompasses the set rituals, prayers, readings, hymns, and other elements that make up a particular religious service.
The liturgy provides a framework for conducting worship in a consistent and organized manner, ensuring that key components of the service are included and followed according to established traditions, practices, and sacraments. Different religious traditions may have their own specific liturgical formats and variations, reflecting their unique beliefs and customs. The liturgy plays a significant role in shaping the religious experience and fostering a sense of community and spiritual connection among the participants.
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Suppose, for instance, that a mechanic attempts to involve the car owner in performing some of the simple tasks involved in tuning up the car. Assume these tasks include removing the water pump, changing the air filter, gapping and replacing the spark plugs, and replacing defective distributor cables. What are the legal implications of allowing customers to be in the working area? If the customer is injured, who is responsible for healthcare costs? Who is liable for poor workmanship or failures? How is quality maintained when the skills of customers are variable?
Answers
Allowing customers in the working area during car maintenance tasks may have legal implications, particularly regarding the responsibility for healthcare costs if the customer is injured. The mechanic could be held liable for poor workmanship or failures, while the specific circumstances and applicable laws determine the extent of responsibility. Maintaining quality can be challenging when customers have varying skills, but mechanics should ensure professional standards are met regardless of customer involvement.
When customers participate in car maintenance tasks, there are legal implications to consider. If a customer sustains an injury, the responsibility for healthcare costs depends on the circumstances. If the injury resulted from the customer's actions, they may be responsible. However, if the mechanic's negligence contributed to the injury, the mechanic may be held liable for the healthcare costs. Similarly, the mechanic is generally responsible for poor workmanship or failures that occur during the maintenance tasks. To maintain quality, mechanics must provide clear instructions to customers and ensure that all tasks are performed to a professional standard, regardless of the varying skills of the customers. This helps mitigate potential issues and uphold the quality of the work performed.
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You are offered a trend report for purchase at $500. Last year you overbought T-shirts by 300 units at $5 each and had to donate them. If the trend report eliminates this overbuy, is it worth the price?
Answers
If the purchase of the trend report will eliminate the overbuy, it is worth the price.
The overbuy cost the company $1,500 last year. The cost of the trend report is $500. Though, the cost of under-supply could help in making better decisions.
Data and Calculations:
Cost of trend report = $500
Cost of T-shirts overbought = $1,500 (300 x $5)
Thus, if using the trend report eliminates the overbuy, it is certainly worth it.
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Answer: Yes. It is worth it
Explanation:
Beth needs to multiply the values of two cells in her worksheet. What should she enter into the formula bar?
=CD/D4
=CD+D4
=CD*D4
=(CD)(D4)
Answers
Answer:
C4*D4
must be the correct one but its not mentioned there
Answer:
I would say =(CD)(D4) it makes the most sense
Explanation:
in the long run, changes in the money supply affect only the price level because
Answers
In the long run, changes in the money supply affect only the price level because of the Quantity Theory of Money.
This theory states that there is a direct relationship between the supply of money in an economy and the price level. In the long run, changes in the money supply do not affect output or employment levels, as they are determined by factors such as technology and the availability of resources.
Therefore, the only effect of changes in the money supply is on the price level. If the money supply increases, there is more money chasing the same amount of goods, leading to inflation. On the other hand, if the money supply decreases, there is less money in circulation, leading to deflation. Thus, in the long run, changes in the money supply only affect the price level due to the Quantity Theory of Money.
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Please help, <3
Analyze two pricing strategies for their advantages and disadvantages and give reasons for a business to use each of those pricing strategies.
Answers
hope it helps
Brier Company, manufacturer of car seat covers, provided the following standard costs for its product: Standard Standard Cost Standard Cost ($) Inputs Quantity per Unit ($) 35.50 Direct materials 7.1 pounds 5 per pound Direct labour 0.8 hours 17 per hour 13.60 Variable overheads 0.8 hours 7 per hour 5.60 The company reported the following in 2022 May: Original budgeted output Actual output Actual direct labour hours Actual cost of direct labour Purchases of raw materials Actual price paid for raw materials Raw materials used Actual variable overhead cost Variable overhead is applied on the basis of direct labour hours. A. Compute the following: Direct materials quantity variance ii. Direct materials price variance iii. Direct materials total variance iv. Direct labour efficiency variance V. Direct labour rate variance vi. Direct labour total variance vii. Variable overhead efficiency variance 4 700 units 4 500 units 3 610 hours $65 341 36 500 pounds $186 150 34 150 pounds $24 909 (2 marks) (3 marks) (1 mark) (2 marks) (3 marks) (1 mark) (2 marks)
Answers
A. (I) Material quantity variance equals standard price times (standard quantity times actual amount utilized) = $5 times (31,950 minus 34150) equals $11,000 unfavorable
Where,
Actual output multiplied by the standard amount per unit of production gives a standard quantity of 4500 x 7.1 = 31,950 pounds (II).
The actual amount bought times (standard price minus actual price) equals 36500 times ($5 - $5.10) equals $3,650 in unfavorable material price variation.
Where,
Actual price is the material cost paid divided by the number of units purchased, or $186150/36500, or $5.10 (iii)
The material total variance is calculated as material quantity variation plus material price variance, which results in $11,000 unfavorable and $3650 unfavorable, totaling $14,650. Unfavorable (iv)
Unfavourable labour productivity variation = standard rate x (standard hours - real hours) = $17 x (3,600 - 3610) = $170
Where,
Actual output multiplied by the standard hours per unit of output, or 4,500 x 0.8, equals 3,600 hours (v).
Actual hours times (standard rate - actual) equals labor rate variation.
A.
The actual rate is determined by dividing labor costs by hours worked, which is $65341/3610 ($vi)
The difference in labor productivity and rate equals $170 unfavorable and $3,971 unfavorable, or $4141 unfavorable (vii).
Standard rate x (standard hours - real hours) = $7 x (3600 - 3610) = $70 for variable overhead efficiency variation. Unfavorable
Where,
Actual output multiplied by the standard hours per unit of output, or 4500 x 0.8, equals 3600 standard hours (viii).
real hours x (standard rate - real rate) = 3610 x ($7 - $6.90) = $361; variable overhead rate variation Favorable
Where,
The actual rate is calculated as follows: $24909 divided by 3610 hours, which equals $6.90.
B. The advantages of standard costing
1. It aids in cost management and operating performance measurement
2. It aids in providing a precise cost estimate for new items.
C. Standard costing's drawbacks:
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historically, demand has averaged 2546 units with a standard deviation of 149. the company currently has 2610 units in stock. what is the service level?
Answers
The company with 79 units in stock have a Service Level of 97.
In finance, inventory (additionally capital inventory) consists of all of the shares via which possession of a agency or organization is divided.[1] (mainly in American English, the phrase "shares" is also used to refer to stocks.)[1][2] A single percentage of the stock approach fractional possession of the enterprise in share to the whole variety of stocks. This generally entitles the shareholder (stockholder) to that fraction of the organization's earnings, proceeds from liquidation of belongings (after discharge of all senior claims together with secured and unsecured debt),[3] or voting electricity, regularly dividing these up in percentage to the amount of cash every stockholder has invested. now not all inventory is necessarily equal, as positive instructions of inventory may be issued as an example without voting rights, with stronger voting rights, or with a certain priority to get hold of earnings or liquidation proceeds before or after different lessons of shareholders.
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A leadership role in addressing emerging management issues is often taken by:
a. The public affairs department.
b. The government relations department.
c. The department of sustainability or environmental, health and safety.
d. All of these answers are correct.
Answers
All of the answers are correct. A leadership role in addressing emerging management issues can be taken by the public affairs department, the government relations department, or the department of sustainability or environmental, health and safety.
Addressing emerging management issues often requires a multifaceted approach, involving various departments within an organization. The public affairs department plays a key role in managing external communications, public relations, and stakeholder engagement, making them well-positioned to address emerging issues from a public perception standpoint.
The government relations department focuses on monitoring and engaging with government entities and regulatory bodies. They can provide valuable insights and guidance on emerging policy and regulatory issues that may impact the organization.
Their expertise in navigating the political landscape is essential in addressing these management challenges.
The department of sustainability or environmental, health, and safety is responsible for managing and promoting sustainable practices, ensuring compliance with environmental regulations, and safeguarding employee health and safety. They play a critical role in addressing emerging issues related to sustainability, environmental impact, and workplace safety.
In conclusion, all of these departments - public affairs, government relations, and sustainability/environmental, health and safety - can take a leadership role in addressing emerging management issues, each contributing their unique expertise and perspectives to effectively navigate and tackle these challenges.
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Someone who creates attractive presentations of food dishes for magazines is called which of the following?
a. food stylist
b. research chef
c. personal chef
d. food preparation worker
Answers
Answer:A
Explanation:
The term ________ refers to those people and organizations that are directly affected by the practices and performance of an organization.
Answers
The term "stakeholders" refers to those people and organizations that are directly affected by the practices and performance of an organization.
Stakeholders can include a wide range of groups, such as employees, customers, suppliers, investors, community members, and government regulators.
Stakeholder theory suggests that companies have a responsibility to consider the interests of all stakeholders when making decisions, rather than focusing solely on maximizing shareholder value. This approach recognizes that the success of a business is closely tied to the well-being of its stakeholders and that companies must balance the needs of different groups in order to achieve long-term success.
Understanding and managing stakeholders is essential for effective corporate governance and sustainability. By engaging with stakeholders, companies can build trust, identify areas of concern, and develop strategies that benefit both the company and its stakeholders. This can lead to improved performance, reduced risk, and increased social and environmental impact.
Overall, the concept of stakeholders is central to modern business practices, as companies seek to create value for all of their constituents and build sustainable, responsible businesses that contribute to the well-being of society as a whole.
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The president of state university wants to forecast student enrollments for this academic year based on the following historical data: year enrollments 5 years ago 15,000 4 years ago 16,000 3 years ago 18,000 2 years ago 20,000 last year 21,000 what is the forecast for this year using the naive approach?
Answers
last year 21,000 is the forecast for this year using the naive approach.
A forecast is a method of predicting the future primarily based on the consequences of the preceding information. It includes a detailed evaluation of past and gift traits or activities to expect destiny occasions. It uses statistical equipment and strategies. Therefore, it is also referred to as Statistical evaluation.
A typhoon in October 1859 that triggered the lack of the Royal charter stimulated FitzRoy to expand charts to allow predictions to be made, which he knew as "forecasting the climate", consequently coining the term "weather forecast".
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Are imports to Russia subject to VAT?
Answers
Answer:
yes
Explanation:
they pay 20 percent and is paid directly to Russia
Answer:
The Russian import VAT 20% has to be paid. The tax has to be paid directly to the Russian customs .The customs is one of the contributaries of development.In and out of goods may charged at the same VAT of 20%.
By Sk.
Which step of the legislative process is missing?
with answers in screenshot
Answers
The demand for good X is given by lnQ x
d
=120−0.9lnP x
+1.5lnP y
−0.7lnM. Which of the following statements is correct? Multiple Choice X has constant income elasticity. An economic downturn will decrease demand for X A 15 percent increase in income would increase demand for X by 105 percent X has a constant income elasticity, and an economic downturn will decrease the demand for X.
Answers
The correct statement is that X has a constant income elasticity, and an economic downturn will decrease the demand for X.
The given demand function for good X includes the income variable (M) as one of its determinants. However, since the coefficient of lnM is negative (-0.7), it implies that X has a negative income elasticity. A negative income elasticity indicates that X is an inferior good, meaning that as income increases, the demand for X decreases.
Regarding the effect of an economic downturn, it can be inferred from the demand function that a decrease in income (caused by an economic downturn) will lead to a decrease in the demand for X. This is because a lower income level will result in a smaller positive or negative value for lnM, thus reducing the overall demand for X.
The statement about a 15 percent increase in income increasing the demand for X by 105 percent is incorrect. As mentioned earlier, X has a negative income elasticity, so an increase in income would actually decrease the demand for X, not increase it. Therefore, this statement is not supported by the given demand function.
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if i deleted my ps4 account completely, does it mean i can sign in to call of duty on other accounts?
Answers
The final answer are Yes, If you delete your PS4 account completely, you will no longer have access to any of your saved data, including games and progress.
However, you should be able to sign in to Call of Duty on other accounts, as long as those accounts have access to the game and you have not been banned from the game.
If you delete your PS4 account completely, it will remove all of your saved data, including games and progress. You will no longer have access to any of your digital content or anything you purchased with that account.
However, other accounts on the same PS4 console will not be affected by deleting a single account, and you will still be able to sign in to Call of Duty on those accounts as long as you have access to the game on those accounts.
If you want to delete your PS4 account but still want to keep your saved data, you can transfer your data to a USB drive or upload it to the cloud before deleting your account.
This way, you can still access your data on another account or console.
However, yes if you delete your account without transferring your data first, your data will be lost.
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If inflation in the united states is lower than inflation in other countries, then u. S. Exports ________ and u. S. Imports ________, which _________ net exports.
Answers
If inflation in the United States is lower than inflation in other countries, then US Exports increase and US Imports decrease which increases net exports.
In the field of business, inflation can be described as an increase in the price of products in a place or country. Due to these high prices, there is a decrease in purchasing power or money.
If the inflation in the United States is lower than in other countries then this means that more countries will import products from the US. However, as a result of lower inflation, the import for the US will decrease. Its level of exports will increase and hence there will be an increase in net exports.
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Look at the following string example:
word1 = "Cold"
What index position is the letter "C"? (5 points) Group of answer choices
0
1
2
3
Answers
Answer:
in the word cold , the index no of 'c' is 0
Serena has been waiting for Hamilton to come to her local theater. When it finally does come, tickets cost $60. Serena's reservation price is $75. But when Serena tries to buy a ticket, they are sold out. Serena decides to try to buy a ticket from a scalper (a person who purchased extra tickets at the box office with the intent to resell them at a higher price). If Serena finds someone who is willing to sell her a ticket for $70, she should
Answers
Serena should buy the ticket for $70.
Explanation:
Serena's reservation price is the maximum amount she is willing to pay for a ticket to see Hamilton, which is $75. However, when she tries to buy a ticket at the box office, they are sold out, which means that the only option left for her is to buy a ticket from a scalper. The scalper is offering to sell her a ticket for $70, which is less than her reservation price of $75. Therefore, buying the ticket for $70 is still worth it for Serena since it is less than her maximum willingness to pay.
when a firm increased its output by one unit, its afc decreased. this is an indication that
Answers
When a firm increased its output by one unit, its AFC decreased. This is an indication that the average fixed cost (AFC) of the firm decreases with an increase in output.
When a firm increases its output by one unit, its AFC decreases because the fixed cost will be distributed over more units. As the output increases, the total fixed cost remains constant, but the cost per unit decreases. This occurs because the fixed costs are spread over a greater number of units of output. Therefore, the AFC of the firm decreases with an increase in output.
Average fixed cost (AFC) refers to the total fixed cost (TFC) divided by the total output (Q) produced. It is important to note that the fixed cost remains constant regardless of the output level. For example, a company's rent for a facility does not change regardless of the amount of output. However, the per-unit fixed cost decreases as the output increases. This is because the same fixed cost is spread over more output.
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A credit card company advertises an APR of 14.7%, compounded daily. What
is the effective interest rate? Round your answer to two decimal places.
Answers
Answer:
16%
Explanation:
Effective interest rate = (1 + i/m)^m - 1
= (1 + 0.147/365)^365 - 1
= 0.1583
= 0.16 = 16%
By hiring your children, you can
pay low wages.
show how much you care.
transfer wealth without estate taxes.
avoid payroll taxes. (Not the correct answer)
Answers
Answer: transfer wealth without estate taxes.
Explanation:
There are several methods to avoid having to pay estate taxes when passing on wealth to your children and this is one of them. By paying your children more than you should actually be paying them, this would be counted as payroll.
Of course your children will just get charged higher payroll taxes but you would have avoided estate taxes. Other methods include gifting them money up to a certain extent every year or using a Grantor Retained Annuity Trust.
When there is a change in the estimated useful life of a depreciable asset, the accountant would: a. Calculate the change and apply it to all years-restating the previous years' financial statements as needed b. Calculate the change and apply it prospectively-making footnote disclosures if the change materially impacts the financial statements C. Calculate the change and apply it retrospectively-restating the previous years' financial statements as needed d. Calculate the change and record a one-time adjusting journal entry-debiting depreciation expense and crediting accumulated depreciation . A company owns a press that has a book value of $3,450. The asset is sold to a scrap dealer for $1,000 cash. The scrap dealer also gives the company spare parts worth $2,000 that can be used to repair its other fabrication equipment. When recording the entry, the accountant would record: a. A gain of $450 b. A gain of $2,450 C. A loss of $2,450 d. A loss of $450 Regarding a company's cost of capital, which statement is false: a. The cost of capital is the cost a company bears to obtain external financing b. Debt financing is the after-tax cost of borrowing money c. Equity financing is the cost investors expect when purchasing shares of stock d. The cost of capital is critical because it determines which long-term projects are profitable to undertake The average of the cost of debt and equity financing weighted by the proportion of each type of financing is referred to as: The weighted average cost of capital b. The debt to equity ratio c. The quick ratio d. The weighted average of debt to equity financing Goods acquired for use in the production of income are: a. Inventory b. Raw Materials c. Assets d. All of the above Goods held for sale in the normal course of business: Are called Inventory b. Are valued at market unless the historic cost is less c. Are listed as current assets which must be disposed of after 12 months d. Must be counted each month in order to determine the cost of goods sold D. When the seller of merchandise has no idea how many items have been sold and must perform a periodic inventory count to verify what inventory items have sold, we refer to this as: a. An unethical smoothing of financial information b. A perpetual inventory system c. A periodic inventory system d. The basis for a qualified opinion by the external auditor . Maintaining inventory records in the accounting system and recording purchases to an inventory account would indicate a company has: a. Ethical business transactions b. A perpetual inventory system c. A periodic inventory system d. An unqualified opinion from the external auditor Bears R Us Inc. has recently ceased manufacturing product A6745 and replaced it with product A7463 due to technological improvements. Sales of A6745 have dropped considerably in the last quarter. Bears R Us uses a perpetual inventory system. The appropriate accounting treatment would be to: a. Record the cost of remaining A6745 products to an inventory allowance account Dispose of product A6745 and record the cost against comprehensive income in the Equity section of the balance sheet b. Record the difference between the original selling price and the new discounted selling price to a discounts and allowance account using the Gross method d. Write down the inventory value to $0 and give the A6745 products away. LIFO layers are created in ending inventory when: The number of units purchased exceeds the number of units sold b. The number of units sold exceeds the number of units purchased The number of units sold equals the number of units purchased C. d. The number of units purchased less the number of units sold exceeds the marketing forecast for unit sales in the next 12 months. An advantage of LIFO is: a. The ending inventory balance agrees closely with current replacement cost b. There is a matching of current costs with current revenues c. LIFO liquidation can result in greatly decreased tax payments when inventory levels decline Inventory costs usually correspond with the physical flow of goods When considering Lower of Cost or Market, market is generally considered to be: a. The original price paid on the open market for inventory b. The replacement cost of inventory c. The net realizable value of inventory less a normal profit margin The net realizable value of inventory The limit that constrains the market value of inventory such that it does not exceed its net realizable value is called the: a. Replacement cost b. Market C. Floor d. Ceiling
Answers
When there is a change in the estimated useful life of a depreciable asset, the accountant would calculate the change and apply it prospectively-making footnote disclosures if the change materially impacts the financial statements. The correct option is B.
Calculation and application of change in estimated useful life of a depreciable asset.The change in the estimated useful life of a depreciable asset can impact the calculation of depreciation and change the amount of depreciation in the books. In the case of a change in the estimated useful life of a depreciable asset, the accountant would calculate the change and apply it prospectively-making footnote disclosures if the change materially impacts the financial statements.Recording the entry for selling an asset.
When an asset is sold, a gain or loss is recorded based on the sale price of the asset. In the given scenario, the press has a book value of $3,450 and is sold for $1,000 cash. The scrap dealer also gives the company spare parts worth $2,000 that can be used to repair its other fabrication equipment. The total proceeds of the sale amount to $3,000 ($1,000 cash + $2,000 worth of spare parts).The loss on the sale of the asset is calculated as follows:Loss on sale of the asset = Book value of the asset - Proceeds from the sale= $3,450 - $3,000= $450. Hence, the accountant would record a loss of $450.The false statement regarding a company's cost of capital is:The cost of capital is the cost a company bears to obtain external financing is a false statement. The correct statement is The cost of capital is the cost of financing a company's operations, including both equity and debt financing.Weighted Average Cost of Capital (WACC)The average of the cost of debt and equity financing weighted by the proportion of each type of financing is referred to as the weighted average cost of capital.Inventory and goods held for sale:Goods acquired for use in the production of income are assets. Goods held for sale in the normal course of business are called inventory. Periodic inventory system. When the seller of merchandise has no idea how many items have been sold and must perform a periodic inventory count to verify what inventory items have sold, we refer to this as a periodic inventory system. A perpetual inventory system, on the other hand, maintains a continuous record of inventory levels.Write down of inventory value Bears R Us Inc. has recently ceased manufacturing product A6745 and replaced it with product A7463 due to technological improvements. Sales of A6745 have dropped considerably in the last quarter. Bears R Us uses a perpetual inventory system. The appropriate accounting treatment would be to record the cost of remaining A6745 products to an inventory allowance account. LIFO layers are created in ending inventory when the number of units sold exceeds the number of units purchased. This results in a reduction of the inventory layers and may affect the cost of goods sold and gross margin of the company. Advantage of LIFO; An advantage of LIFO is that there is a matching of current costs with current revenues.Lower of Cost or Market: When considering Lower of Cost or Market, market is generally considered to be the net realizable value of inventory. This is the selling price of the inventory less the cost of disposal.The limit that constrains the market value of inventory such that it does not exceed its net realizable value is called the ceiling. The correct option is B.
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