Answer:
Total cost formula= 3,510 + 4.911*x
x= Number of instruments
Explanation:
To calculate the variable and fixed costs, we will use the high-low method:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (10,012 - 6,574) / (1,324 - 624)
Variable cost per unit= $4.911
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 10,012 - (4.911*1,324)
Fixed costs= $3,510
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 6,574 - (4.911*624)
Fixed costs= $3,510
Total cost formula= 3,510 + 4.911*x
x= Number of instruments
For 1,192 instruments:
Total cos= 3,510 + 4.911*1,192
Total cost= $9,363.9
Q1. A manufacturing firm has discontinued production of a certain unprofitable product
line. This created considerable excess production capacity. Management is considering to
devote this excess capacity to one or more of three product 1,2 and 3. The available capacity
on the machines which might limit output are given below:
Machine type Available time
(in machine hours per week)
Milling
machine
250
Lathe 150
Grinder 50
The number of machine hours required for each units of the respective product is given
below;
Machine type Productivity (in machine hours/unit)
Product 1 Product 2 Product 3
Milling 8 2 3
Lathe 4 3 0
Grinder 2 0 1
The unit profit would be 20 birr, 6 birr and 8 birr for products 1,2 and 3. Find how much of
each product the firm should produce in order to maximise profit ? Solve the problem by
simplex method.
The simplex method is a linear programming technique used to find the maximum value of a linear objective function subject to constraints represented by linear equations or inequalities.
How do we use this method?Here's how you can solve this problem using the simplex method:
Formulate the problem as a linear program:
The objective is to maximize the total profit, which is given by 20x1 + 6x2 + 8x3, where x1, x2, and x3 are the number of units of products 1, 2, and 3, respectively. The constraints are the available machine time, which are:
8x1 + 4x2 + 2x3 <= 250 (milling machine)
3x1 + 3x2 <= 150 (lathe)
x3 <= 50 (grinder)
Create a simplex tableau:
The simplex tableau is a matrix used to keep track of the variables and the coefficients of the objective function and the constraints. The first row of the tableau is the objective function, the rest of the rows are the constraints. The last column is called the "result" column and contains the values of the variables and the objective function.
Choose a basic variable:
In the first iteration, we will choose x1 as the basic variable, since it is the only non-negative variable in the objective function. We will write x1 in terms of x2 and x3 using the first constraint:
x1 = (250 - 4x2 - 2x3)/8
Update the simplex tableau:
Substitute x1 in the objective function and in the rest of the constraints:
20 * (250 - 4x2 - 2x3)/8 + 6x2 + 8x3
3x2 <= 150
x3 <= 50
Check for optimality:
Check if all the coefficients in the objective function are non-negative. If so, the current solution is optimal and the problem is solved. If not, choose the next basic variable and repeat steps 3 and 4.
Repeat steps 3 to 5 until optimality is reached:
In the second iteration, we will choose x2 as the basic variable. Substitute x2 in the objective function and in the rest of the constraints, and check for optimality. Repeat this process until the coefficients in the objective function are non-negative, indicating that the solution is optimal.
The final solution will give the number of units of each product that the firm should produce in order to maximize profit.
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What is one major advantage of long-term savings strategies?
A.
They make more money available for nonessential purchases.
B.
They allow savings to grow significantly over time.
C.
They generally have the lowest available interest rates.
D.
They make it easier to pay for monthly expenses.
Answer:
It's b
Explanation:
I took a quiz
The major advantage of a long term savings plan is that: They allow savings to grow significantly over time.
What is savings?This is a term that is used to refer to the amount of money that is kept by a person over time.
The goal of savings is so that they can meet with unforeseen events. Savings help the owner to be able to take care of certain needs.
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er taxes, of R227 000 and preference share dividends of R10 000. If the company had a number of ordinary shares outstanding of 76 262, what was its earnings per share (EPS)?
The company's earnings per share (EPS) was calculated to be R3.03
Earnings per share (EPS) is calculated by dividing the company's net income by its number of outstanding shares. In order to calculate EPS, we must first calculate the company's net income. The net income of the company is given as R227,000 from regular taxes and R10,000 from preference share dividends. Therefore, the company's total net income is R237,000.Next, we must calculate the company's earnings per share (EPS). We are given that the company had a number of ordinary shares outstanding of 76,262. Therefore, the company's EPS is calculated as follows:Earnings per share (EPS) = (Net income - Preferred dividends) / Number of outstanding sharesEarnings per share (EPS) = (R237,000 - R10,000) / 76,262Earnings per share (EPS) = R3.03Therefore, the company's earnings per share (EPS) was R3.03.Summary: Earnings per share (EPS) is calculated by dividing the company's net income by its number of outstanding shares. In this problem, we are given that the company had a net income of R237,000 from regular taxes and preference share dividends, and a number of ordinary shares outstanding of 76,262. Therefore, the company's earnings per share (EPS) was calculated to be R3.03.For more questions on Earnings per share (EPS)
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last month sales was £180,000 this month sales reached 196,200 what percentage increase is this
Answer:
16%
Explanation:
Sorry if i'm wrong :(
Bye, have a great Day/Night :D
Apart from a job search, a also helps in job advancement.
Apart from a job search, a job portfolio also helps in job advancement.
What is a job portfolio ?A job portfolio is a collection of documents and materials that demonstrate your skills, achievements, and experiences in your field of work. It can include items such as your resume, letters of recommendation, examples of your work, certificates and awards, and other relevant documents.
Having a well-organized and comprehensive job portfolio can help you stand out from other candidates when applying for promotions or new job opportunities. It can provide evidence of your abilities and accomplishments, and demonstrate to potential employers that you are a qualified and capable professional. Additionally, a job portfolio can help you to keep track of your career progress and achievements, and provide a reference for your own personal and professional development.
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Managers must ensure that employees have adequate resources to reach their goals. Which of the following is not a support element?
A) Company policies
B) Training
C) Action plan
D) Feedback
E) None of the above
E) None of the above is not the correct option. All of the options listed (company policies, training, action plan, and feedback) are support elements that can help employees reach their goals.
Company policies can provide guidelines for employee behavior, while training can improve their skills and knowledge. An action plan can break down goals into achievable steps, and feedback can provide guidance and motivation. Therefore, all of these elements are important for managers to provide as resources for their employees. The correct answer to this question is E) None of the above is not a support element. Managers have a responsibility to ensure that employees have the necessary resources to accomplish their work effectively and efficiently. These resources may include access to equipment, software, and materials needed to complete tasks, as well as support elements like policies, training, action plans, and feedback.
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Innovate ways where you can prove the law of action-reaction.
The ways where you as a person can prove the law of action-reaction are:
When a player pushes the ball forward with force while holding it, the ball pushes back on the player's hand.Student tugs on desk, which tugs back on student (This is how you can "pull" yourself forward.)How can the law of action and reaction be proven?When a person pushes against a wall (action force), the wall pushes back with an equal and opposing force (reaction force). The Space Shuttle lifts (there is no slingshot involved!) because the hot gases push out hot gases (action force) and exert a force on the Space Shuttle engines (reaction force).
Therefore, it can also be shown through Swimming. With the use of the hands, a forward-swimming individual forces the water to move backward. A response force is created as a result of the action force that the individual is exerting.
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Frank says to Mary, "If you wash every window in my house today, I'll pay you $200.1
don't care if you do it, but there is $200 in it for you if you do." Mary washes 12 of the 20
windows in Frank's house by 2:00 p.m. At this point, which of the following is true?
Group of answer choices
Mary is obligated to finish washing the windows.
There is no contract yet in this situation.
Frank can revoke his offer to pay Mary the $200 for washing the windows.
Mary has formed a contract by beginning to wash the windows.
Answer:
There is no contract yet in this situation.
Representative money has value based on:
Representative money has value based on its representation or claims on a physical or tangible asset. It is a form of currency that is backed by something of intrinsic value, typically a commodity such as gold or silver.
The ability to trade or redeem representational money for the underlying asset it stands for gives it value. Representative money's value is based on the public's confidence in the issuer and their understanding that they may exchange it for the underlying asset. The value of the representative money may be impacted if there are any issues with the issuer's credibility or convertibility.
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What dose it mean to be fully human were interacting with others any virtual space like classroom why or why not
While interacting with others in a virtual space, to be fully human means for instance such as in a classroom, means having the qualities and characteristics inclusive to humanity, even though the medium of communication being virtual.
It involves identifying and embracing our shared humanity and engaging in meaningful connections with other people like friends family colleagues, even though miles apart and can only see by virtual screens.
Emotional connections, sharing knowledge, expression ,communication collaboration cooperation are the various forms. Therefore, virtual experiences though lack sensory and physical aspects of face-to-face interactions, they still provide a platform for human connection, learning, and growth.
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You have a colleague who decided the organization should pursue a new technology. Nine months into the project of transitioning to the new technology, based on new information you are convinced that the new technology is not going to work out as anticipated. In fact, you expect it to be a colossal failure. However, when you try to talk to your colleague about the issue, she won’t listen to your arguments. She is adamant that this new technology is the correct direction for your organization. Why do you think she is so resistant to seeing reason?
She is resisting from the radical changes in order to prove herself and her philosophy in the company.
What is Organization?Organization refers to the group of people working together in order to achieve the common goals of the management. There are a variety of people present in the organization which work and socializes with each other to impact the working of the organization.
According to the above situation, the decision between the two individual has been made to adopt the new technology for the organization. One of them released that it will be a failure to have the new technology and decides to give the plan.
However, the other individual is resisting to do so because it will bring the radical changes in the organization. She is fighting drastic changes in order to establish herself and her ideas within the organization.
Therefore, it can be concluded that She is so determined because her coworkers and managers encourage her.
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Martha realizes that the microwave she bought is faulty after a month of purchase. The manufacturer of the microwave asks Martha to pay the repair expenses as the fault was with a part that was out of warranty. Martha was unaware of this warranty condition. What should Martha do to resolve her grievance?
If Martha was unaware of this warranty condition. What Martha should do to resolve her grievance is: c. approach the Federal Trade Commission.
What is Federal Trade Commission?Federal Trade Commission can be defined as the agent whose sole responsibility is to fight for consumer right in a situation where buyers of a product are not treated rightly by a seller or when a company defraud a potential customers.
The best thing is for her to approach the federal trade commission and explain what transpire between her and the seller in which this agency will investigate the matter and fight for her right since their duties is to protect buyers from sellers.
Therefore we can conclude that Martha should approach the Federal Trade Commission so as to make her complaints.
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The complete question is:
Martha realizes that the microwave she bought is faulty after a month of purchase. The manufacturer of the microwave asks Martha to pay the repair expenses as the fault was with a part that was out of warranty. Martha was unaware of this warranty condition. What should Martha do to resolve her grievance?
A. pay for the repair
B. contact the Food and Drug Administration
C. approach the Federal Trade Commission
D. buy a new microwave
E. recycle the microwave responsibly
Answer
The answer is C, approach the Federal Trade Commission.
Explanation:
1- You deposit $200 today, another $200 a year from now, and an additional $400 three years from now. If the interest rate is 5%, what is the value of your investment in 5 years
Answer:
939.36
Explanation:
The 15-year average return for the S&P 500 from January 1973 to December 2016 (29 separate 15 year periods) was as high as a 20% average annual return and as low as a 3.7% average annual return. Additionally, the average dividend yield for the S&P is 4.11% and the average annual dividend growth rate is 6.11%.
Using this information, please compare the investment in the 5% 15-year corporate bond with a $100,000 investment in a stock with a 3.7% dividend yield (10 percent less than the S&P 500 average yield) and a 3% dividend growth rate (50 percent of the S&P 500 dividend growth rate).
The annual investment returns are as follows:
Year 1 (13.40%) Year 2 (23.37%) Year 3 26.38% Year 4 8.99%
Year 5 3.00% Year 6 13.62% Year 7 3.53% Year 8 (38.49%)
Year 9 23.45% Year 10 12.78% Year 11 0.00 Year 12 13.41%
Year 13 29.60% Year 14 11.39% Year 15 (0.73%)
The bond interest payment of 5 percent is paid annually and not reinvested. To compare accurately with the bond investment, the stock dividend will not be reinvested, but paid annually as well.
Please calculate the value of the stock account at the end of each year and the dividend income from the stock on an annual basis.
Once you have performed the calculations, please let me know if you prefer to invest in a 5% corporate bond for 15 years or the stock and why.
What is the value of the stock after year 2? Year 8? Year 11? When does the annual dividend income of the stock exceed the annual interest income of the bond?
1. The value of the stock account after Year 2 is $155,401.626.
2. The value of the stock account after Year 8 is $96,110.0674.
3. The value of the stock account after Year 11 is $96,110.0674.
4. The annual dividend income of the stock exceeds the annual interest income of the bond at the end of Year 15.
Bond interest rate: 5%
Stock dividend yield: 3.7% (10% less than S&P 500 average yield)
Stock dividend growth rate: 3% (50% of S&P 500 dividend growth rate)
We'll assume an initial investment of $100,000.
Year 1:
Bond interest income: $100,000 * 0.05 = $5,000
Stock dividend income: $100,000 * 0.037 = $3,700
Value of stock account: $100,000 + ($100,000 * 0.2337) = $123,370
1. Year 2:
Bond interest income: $100,000 * 0.05 = $5,000
Stock dividend income: $100,000 * 0.037 = $3,700
Value of stock account: $123,370 + ($123,370 * 0.2638) = $155,401.626
2. Year 8:
Bond interest income: $100,000 * 0.05 = $5,000
Stock dividend income: $100,000 * 0.037 = $3,700
Value of stock account: $155,401.626 + ($155,401.626 * (-0.3849)) = $96,110.0674
3. Year 11:
Bond interest income: $100,000 * 0.05 = $5,000
Stock dividend income: $100,000 * 0.037 = $3,700
Value of stock account: $96,110.0674 + ($96,110.0674 * 0) = $96,110.0674
4. At the end of Year 15, the dividend income of the stock exceeds the interest income of the bond.
Stock dividend income: $100,000 * 0.037 = $3,700
Bond interest income: $100,000 * 0.05 = $5,000
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High-Low Method for a Service Company Continental Railroad decided to use the high-low method and operating data from the past six months to estimate the fixed and variable components of transportation costs. The activity base used by Continental Railroad is a measure of railroad operating activity, termed "gross-ton miles," which is the total number of tons multiplied by the miles moved. Transportation Costs Gross-Ton Miles January $1,372,000 378,000 February 1,529,700 423,000 March 1,081,100 274,000 April 1,466,600 409,000 May 1,230,100 329,000 June 1,577,000 445,000 Determine the variable cost per gross-ton mile and the total fixed cost. Variable cost (Round to two decimal places.) $ per gross-ton mile Total fixed cost $
Answer:
$2.9 and $286,500
Explanation:
Variable cost per gross ton mile= [High transportation cost - Low transportation cost] / [High gross ton miles - Low gross to miles ]
= [$1,577,000 - $1,081,100] / [445,000 miles - 274,000 miles]
= $495,900 / 171,000 miles
= $2.9
Total fixed cost
= High operating cost - [High gross ton miles × Variable cost per gross ton mile]
= $1,577,000 - [445,000 miles × $2.9]
= $1,577,000 - $1,290,500
= $286,500
Which characteristic describes the privatization of Social Security?
A. increases the employer’s contribution to Social Security
B. raises the retirement age to claim full benefits to 70
C. enables Americans to invest their Social Security contributions in the stock market
D. reduces benefits across the board by 13 percent
E. obtains a loan from the Fed
Answer:
the answer is C because it makes sense...
Enables Americans to invest their Social Security contributions in the stock market - describes the privatization of Social Security. Hence option C is correct.
What are the characteristic of the privatization of Social Security?Privatization of Social Security refers to a proposal where individuals are allowed to invest their Social Security contributions into individual retirement accounts (IRAs) or other investments instead of the government-managed Social Security Trust Fund.
Under this system, individuals would have control over their retirement funds and would be able to invest in the stock market, bonds, and other financial instruments. This would also mean that individuals would be responsible for managing their own retirement funds and bearing the associated risks.
Options A and B do not describe privatization but rather refer to potential changes in the current Social Security system. A reduction in benefits, which is not necessarily associated with privatization. Option E is not related to the privatization of Social Security at all, but rather refers to obtaining a loan from the Federal Reserve.
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why do private and public sector cannot br looked up as two separate entities
Answer:
The private sector and the public sector cannot be viewed as separate entities because the two of them are closely intertwined.
Explanation:
The public sector defines the rules and conditions under which the private sector develops, and the private sector contributes to the finances of the private sector.
For example, a regulatory agency in an economic sector sets the rules of the mining economic sector in a country, and private mining companies abide by these rules in order to develop their business activity. Part of the revenue earned from these business activities are taken as taxes by the public sector, in order to finance the regulatory agency.
Sometimes, the public sector can also consists in public companies that can work together with private firms in common projects.
Jenny, who is married and the mother of three, is 25 years old and expects to work until 70. She earns $45,000 per year. Jenny expects inflation to be 3% over her working life, and the appropriate risk-free discount rate is 5%. Her personal consumption is equal to 25% of her after-tax earnings, and her combined federal and state marginal tax bracket is 15%. What is the amount of life insurance necessary for Jenny using the Human Life Value method
Answer:
$855,903.20
Explanation:
Real discounting rate=> i= [i'-f]/[1+f]. Where i is the real interest rate. i' is the nominal interest rate which is given as 5% and f is the rate of inflation
i = (5%-3%)/1+3%)
i = 2/1.3
i = 1.94%
Her after tax earnings = 45,000*(1-0.15) = $38,250
Personal consumption = 25% of this, 38,250*0.75 = $28,688.
We are discounting her earnings back 45 years at 1.94%. The equation will be: 28,688 * {1-(1+0.01940)^-45} / {0.01940}
= 28,688 * {1 - 0.42120322099] / 0.01940
= 28,688 * 29.83488551597938
= 855903.1956824165
= $855,903.20
So, the amount of life insurance necessary for Jenny using the Human Life Value method is $855,903.20
10. The directors of KOKO Limited issued 100,000 ordinary shares of no-par value for GH¢10 each payable as follows: on application GH¢3 and on allotment GH¢7. All issued shares were fully subscribed and monies were paid. How much was paid on application? GH 1,000,000 B. GH 300,000 C. GH 400,000 D. GH 700,000
The correct answer is B. GH¢300,000 was paid on application for the 100,000 ordinary shares issued by KOKO Limited.
The total amount raised from the issuance of 100,000 ordinary shares is calculated by multiplying the number of shares by the issue price per share. In this case, the issue price per share is GH¢10. Therefore, the total amount raised would be 100,000 shares multiplied by GH¢10, which equals GH¢1,000,000. According to the information provided, the amount paid on application iGH¢3 per share. To determine the total amount paid on application, we multiply the amount paid per share by the total number of shares. Therefore, GH¢3 multiplied by 100,000 shares equals GH¢300,000. Therefore, the correct answer is B. GH¢300,000 was paid on application for the 100,000 ordinary shares issued by KOKO Limited.
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Question 6 of 10
What is the difference between a negligence case and an intentional tort?
A. There is no intent to do harm in a negligence case.
B. No actual harm need be done in a negligence case.
C. The burden of proof is much lower in an intentional tort case.
D. Special damages cannot be awarded in intentional tort cases.
SUBMIT
In a negligence case, there is no intent to do harm, but rather a failure to exercise reasonable care that results in harm to another person or property. Option B
In contrast, in an intentional tort, the defendant intends to cause harm to the plaintiff, whether through physical harm or damage to property.
Another key difference is that in a negligence case, actual harm must be done to the plaintiff for a claim to be made. This harm can be physical, emotional, or financial in nature. However, in an intentional tort case, the intent to cause harm is enough for a claim to be made, regardless of whether actual harm was done.
The burden of proof is also different in an intentional tort case compared to a negligence case. In an intentional tort case, the burden of proof is higher as the plaintiff must prove that the defendant acted with intent. In a negligence case, the burden of proof is lower as the plaintiff only needs to prove that the defendant failed to exercise reasonable care.
Finally, special damages cannot be awarded in intentional tort cases, unlike in negligence cases where special damages can be awarded for financial losses that result from the harm caused. Instead, intentional tort cases typically result in punitive damages, which are intended to punish the defendant for their actions. Option B
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Answer:
A. There is no intent to do harm in a negligence case
Explanation: took the test
how will you react to the following destroying or removing information that could hurt your company if it fell into the wrong hands.
I will say it is crucial to prioritize ethical behavior and transparency. Instead of destroying or removing information, we should focus on implementing robust security measures to safeguard sensitive data.
How can we protect sensitive information from unauthorized access?Protecting sensitive information from unauthorized access is essential for companies to maintain trust with their stakeholders. Instead of resorting to destroying or removing information, it is more beneficial to invest in robust security measures.
By implementing strong encryption, access controls, and regular security audits, we will significantly reduce the risk of sensitive data falling into the wrong hands. Also, fostering a culture of responsible data handling and training employees on best security practices can further enhance the overall protection of company information.
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I have decided to put $3000 in my investment account every year for the next 5years. I will make the first deposit one year from today. How much will I have in my account by the end of 5years if the annual interest rate is 4%.
Answer:
$3,305.88
Explanation:
Principles of Investment
Assignment Active
Monetary Policy and Investments
Juan is always researching different investment options.
A few weeks ago he noticed some nice homes for sale in
his neighborhood. The listed prices were below market
value. Today on the news he heard that the Federal
Reserve lowered interest rates for banks and that banks
have lowered interest rates for home mortgages in turn.
As a result, there has been a huge boom in the number of
people purchasing homes.
What is most likely to happen as a result of the
change in interest rates?
O Housing prices will go up and down due to
changing fiscal policy.
O The market will experience more demand and the
price of houses will go up.
O The price of houses will go down in response to the
decreased demand.
O The prices for homes in that area will be stable due
to the new monetary policy.
4
As a result of the decrease in interest rates, Option B. The market will experience more demand, and the price of houses will go up.
The demand for houses will go up and housing prices will increase, causing individuals who were on the fence about buying a house to act swiftly before prices rise too much. As a result, housing sales are expected to surge. Lower interest rates, on the other hand, are often linked to increased borrowing and spending in the economy. Because borrowing money is now less expensive, more people are more willing to do so and the money supply in circulation rises.
The decrease in interest rates could cause more individuals to be more willing to purchase a home due to lower interest rates and more affordable mortgage payments. Lowering interest rates for banks and home mortgages, as well as lowering the cost of borrowing, encourages more people to buy houses, resulting in a greater demand for homes and, in turn, driving up the prices of homes.
As a result, option B is correct: the market will experience more demand, and the price of houses will go up. Therefore, the correct option is B.
The question was incomplete, Find the full content below:
Juan is always researching different investment options. A few weeks ago he noticed some nice homes for sale in his neighborhood. The listed prices were below market value. Today on the news he heard that the Federal Reserve lowered interest rates for banks and that banks have lowered interest rates for home mortgages in turn. As a result, there has been a huge boom in the number of people purchasing homes. What is most likely to happen as a result of the change in interest rates?
A. Housing prices will go up and down due to changing fiscal policy.
B. The market will experience more demand and the price of houses will go up.
C. The price of houses will go down in response to the decreased demand.
D. The prices for homes in that area will be stable due to the new monetary policy.
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For most consumers, term life insurance is considered to be the:
O worst option
O same cost as term
O most expensive
O best value
For most consumers, the term life insurance is considered to be worst option.
What is a term life insurance?A sort of death benefit that pays the policyholder's heirs over a predetermined length of time is term life insurance, commonly referred to as pure life insurance. The owner of the term life insurance policy has three options after the term has ended: renewing it for a new term, changing it to permanent protection, or letting the policy lapse. The premium for term life insurance is established by the insurance provider based on the value of the policy (the payout amount), as well as your age, gender, and general health. A medical examination could be necessary in several situations. Your driving history, current medications, whether you smoke, your work, your hobbies, and your family history may all be requested by the insurance provider.
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In recent years, hours of market work have declined and leisure time increased. This trend
a. causes GDP to rise.
b. causes GDP to fall.
c. does not improve the well-being of people because they do not value leisure.
d. is not accounted for in GDP.
Explanation:
option B.........i guess
A collection of all accounts and their balances for an accounting system is called what?
Greg earned $25,500 in 2021 and had $1,500 of federal income taxes withheld from his salary. Assuming that Greg is single, 25 years old, and will have a total tax liability of $1,355 (and thus will receive a $145 refund), he: Multiple Choice is required to file a tax return. is not required to file a tax return but should file a return anyway. is required to file a tax return but should not file because he owes no tax. is not required to file a tax return and should not file a return. None of the choices are correct.
Greg is required to file a tax return. A further solution is provided in the below segment.
Greg has been obligated to submit a return on the basis that even the Greg gross revenues are well above the specified threshold whereby obliges the payer to register a tax return if he does have this same complete tax debt of Dollars 1,355 (and therefore will automatically be redeemed by Dollars 145).A tax return shall be filed by any taxpayer. Whether the revenue equals zero as well as a payback becomes zero.
Thus the above option is correct.
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Entrepreneurs generally think differently about resources than do employee-managers in which of the following ways?
Managers want larger budgets; entrepreneurs work to do more with less.
How do entrepreneurs approach resources differently from employee-managers?Entrepreneurs have a distinct mindset when it comes to resources compared to employee-managers. While managers often seek larger budgets to accomplish their goals, entrepreneurs tend to focus on doing more with less.
This difference in perspective stems from the inherent nature of entrepreneurship which involves taking calculated risks and maximizing efficiency in resource allocation.
Entrepreneurs understand that resources, such as capital, time, and manpower, are limited and valuable. They recognize that acquiring substantial budgets may not always be feasible, especially in the early stages of a venture.
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Step 1:
Prepare journal entries to record the December transactions in the General Journal Tab in the excel template file "Accounting Cycle Excel
Template.xlsx". Use the following accounts as appropriate:
1-Dec
1-Dec
1-Dec
Cash
Accounts Receivable
Supplies
Prepaid Insurance
Equipment
22-Dec
23-Dec
25-Dec
Land
Accumulated Depreciation
Accounts Payable
Deferred Revenue
Salaries Payable
Issue common stock in exchange for cash of $7,500.
Paid the premium in advance on a one-year insurance policy. $840.
Purchased Equipment for $3,600 cash.
5-Dec
Purchased office supplies from XYZ Company on account, $600.
15-Dec
Provided services to customers for $6,000 cash.
16-Dec
Provided services to customer ABC Inc. on account, $3,400.
17-Dec Received $1,100 cash in advance from a customer for services to be provided in January.
Paid $220 to XYZ company for the Dec 5 purchase on account.
Received $1,800 cash from customer ABC Inc., on account.
Paid the rent for the current month, $650.
Notes Payable
Common Stock
Retained Earnings
Dividends
Service Revenue
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Depreciation Expense
Salaries Expense
Supplies Expense
Rent Expense
Insurance Expense
Journal Entries to record the December transactions in the General Journal Tab in the excel template file are given below:
What is transactions ?A transaction is an agreement, communication, or movement between two or more parties that is intended to transfer valued items from one party to another. Transactions can take place in a variety of ways, including online, through a retail store, or via a financial institution. Transactions often involve the exchange of money or goods, but they can also involve services or information. Transactions can be completed in person, over the phone, or even electronically. In the majority of cases, a transaction requires two or more parties and the exchange of something of value. Transactions are often recorded for accounting and taxation purposes, as well as for the purposes of providing a record of the exchange for both parties.
1-Dec
Debit Cash 7,500.00
Credit Common Stock 7,500.00
1-Dec
Debit Prepaid Insurance 840.00
Credit Cash 840.00
1-Dec
Debit Equipment 3,600.00
Credit Cash 3,600.00
5-Dec
Debit Accounts Receivable 600.00
Credit Supplies 600.00
15-Dec
Debit Cash 6,000.00
Credit Service Revenue 6,000.00
16-Dec
Debit Accounts Receivable 3,400.00
Credit Service Revenue 3,400.00
17-Dec
Debit Deferred Revenue 1,100.00
Credit Cash 1,100.00
22-Dec
Debit Accounts Payable 220.00
Credit Cash 220.00
23-Dec
Debit Cash 1,800.00
Credit Accounts Receivable 1,800.00
25-Dec
Debit Land 7,800.00
Credit Cash 7,800.00
25-Dec
Debit Retained Earnings 7,800.00
Credit Common Stock 7,800.00
25-Dec
Debit Notes Payable 7,800.00
Credit Cash 7,800.00
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An Ethiopian company decides to launch some of its fashion accessories into the European market. Its marketing director is about to begin the process of creating a marketing plan for this new initiative. Which of the following is the first step the director should take before beginning to plan the marketing mix details?
A. First the director must define the company's target markets and understand which of its products fit with each market's businesses and consumers.
B. First the director needs to research, develop, and create various products to launch into the international market.
C. First the director must decide which promotional tactics to use in particular markets to launch products to consumers and businesses.
Answer:
A. First the director must define the company's target markets and understand which of its products fit with each market's businesses and consumers.
Explanation:
After taking the decision of entering the European Market, the Ethiopian company marketing director should first determine which of the company's products could be commercialized in Europe, and after, the marketing director should narrow the market even more: determining the target customer demographics of the European Market, for example: old people, young people, women, men, college-educated people, non-college educated people, northern Europeans, Southern Europeans, etc.