Macy’s increased the price of one of its dresses from $100 to $120. The increase caused a decrease in the quantity demanded from 1,000 coats to 900 coats. Calculate the price elasticity of demand using the simple method. 3 marks
Identify whether each of the following takes place in factor market (F)or the product market (P). 2 marks each
Carla buys a brand new handbag from the retail store, Dooney and Bourke.
Honda sells a factory to Toyota so that its operations can be expanded.
Stacy works 40 hours a week as a Bartender at Curtain Bluff hotel.
The School Meals Factory purchases utensils from Shoul’s Toys and Gifts.
Karl spends $200 to purchase flash drives from Best Buy.
Fredericka earns $625 an hour as a journalist.
g.Taj spends $8 to order a mojito drink

A statement that is true on the Federal Reserve is that C. The Fed sets monetary policy, which affects the interest rates banks offer.

The American central bank is known as the Federal Reserve System (FRS). It is conceivably the most potent financial organization in the entire globe and is sometimes referred to as "the Fed." It was established to give the nation a secure, adaptable, and stable financial and monetary system.

Its primary duties include controlling the money supply, establishing interest rates, and overseeing the financial system. In times of economic crisis, it also serves as a lender of last resort, as was shown during the financial crisis of 2008.

These powers of the Federal Reserve mean that it is the one which sets the monetary policy of the United States. This monetary policy will then affect the interest rates on loans, offered by banks.

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Money is conveniently transportable in a pocket or purse. What aspect of money does this reflect? Money, as a means of transaction, is enduring.

A money market account is a type of savings account that may also allow for check and debit card issuance. The accounts normally have a monthly cap of six purchases and transfers. Typically, ATM withdrawals are uncapped.

Durability, mobility, divisibility, uniformity, limited supply, and acceptability are some of the traits of money. Money should generally have the following four qualities: durability, divisibility, mobility, and impossibility of counterfeiting.

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The process of determining the worth of each position relative to the other positions within the organization is known as job evaluation. This involves analyzing the duties, responsibilities, skills, and qualifications required for each position and comparing them to other positions within the organization.

The purpose of job evaluation is to establish a fair and equitable pay structure that accurately reflects the relative value of each position. Once the job evaluation process is complete, the organization can use the results to establish rate ranges or pay grades for each position.

This involves determining the minimum and maximum pay rates for each position, based on factors such as market rates, the organization's budget, and the value of the position to the organization. Finally, wage determination involves setting the actual pay rate for each employee within the established rate range or pay grade, taking into account factors such as experience, performance, and tenure.

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Among the given options, the statement that is NOT true as we progress from projects to continuous processes is:

a. Work-in-process inventories increase in size.

b. Material inputs are known with greater certainty: Continuous processes often involve standardized inputs and well-defined production methods, leading to a higher level of certainty in terms of material requirements.

c. Payment systems tend to shift from piece rates to payment based on time: In continuous processes, where production is more standardized and repetitive, payment systems often shift from piece rates (paying based on the number of units produced) to time-based payment (paying based on the amount of time worked).

d. Labor content per dollar value of the product falls: Continuous processes typically aim for higher efficiency and productivity through automation and standardized production methods. This often results in a decrease in the amount of labor required per unit of product value.

Therefore, the correct answer is a. Work-in-process inventories increase in size.

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The maximum amount of rent that Mike can deduct this year depends on the accounting method he is using. That is $ 2800 under the cash method and $ 8400 under the accrual method.

If Mike is using the cash method of accounting, he can deduct the rent payments that he actually paid during the tax year. Since he started the business on September 1st, he would have paid rent for the months of September, October, November, and December, a total of 4 months. Therefore, the maximum amount of rent that he can deduct this year is $700 x 4 = $2800.

If Mike is using the accrual method of accounting, he can deduct rent payments for the period that he is entitled to the use of the property, regardless of when he paid the rent. Since he started the business on September 1st and paid 12 months of rent in advance, he is entitled to use the property for the entire year. Therefore, the maximum amount of rent that he can deduct this year is $700 x 12 = $8400.

It's important to note that if Mike elected to use the cash method of accounting, he must stick with it for at least the first year of business and for future years unless he receives the IRS approval to change it.

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Answer:

The correct answer to the following question will be Option A (Enhanced efficiency).

Explanation:

Other given choices are not related to the given scenario. So that Option A seems to be the appropriate choice.

Answer:

When using a debit card, the cost of your purchase will be deducted from your checking account in real time. On the other hand, when you use a credit card the amount will be charged to your line of credit. Which means you will pay the bill at a later time. An advantage of using a debit card is that you can avoid getting into debt or lower your chances. Since you are paying real time, this can help you stay under your budget. A disadvantage for using a debit card is that it doesn’t improve your credit score. For Credit cards, an advantage is that you will have more time to pay. This means that you have a grace period in which you can gather up money to pay. But, a big disadvantage of credit cards is that you can end up overspending. Now, you can avoid this by being smart but you never know. Since you have time to pay, you can end up overspending.

Explanation:

Answer:

When using a debit card, the cost of your purchase will be deducted from your checking account in real time. On the other hand, when you use a credit card the amount will be charged to your line of credit. Which means you will pay the bill at a later time. An advantage of using a debit card is that you can avoid getting into debt or lower your chances. Since you are paying real time, this can help you stay under your budget. A disadvantage for using a debit card is that it doesn’t improve your credit score. For Credit cards, an advantage is that you will have more time to pay. This means that you have a grace period in which you can gather up money to pay. But, a big disadvantage of credit cards is that you can end up overspending. Now, you can avoid this by being smart but you never know. Since you have time to pay, you can end up overspending.

Explanation:

if a borrower makes a 20 percent down payment on a conventional mortgage, she will be required to obtain: None of these choices are correct.

Private mortgage insurance (PMI) is typically required when the down payment is less than 20 percent. However, in this scenario, the borrower has made a 20 percent down payment, which means they have met the threshold to avoid PMI.

VA insurance and FHA insurance are specific types of insurance associated with government-backed loans. Since the borrower is obtaining a conventional mortgage, these options are not applicable.

GNMA (Government National Mortgage Association) payment guarantees are also not relevant in this situation. GNMA is responsible for guaranteeing mortgage-backed securities, but it does not pertain to the requirement for a borrower who has made a 20 percent down payment on a conventional mortgage.

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The value of the bond is $836.09. Bonds can be described as medium- to long-term transferable bonds.

The value of the bond can be calculated using the formula for bond valuation: V = P[1 - (1 + r)^(-n)] / r + A[(1 + r)^n], where

In this case, V is the value of the bond, P is 1000, r is 7.6%, n is 10, and A is 60. Plugging in these values, the value of the bond is $836.09. Therefore, the value of the bond is $836.09.

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Answer:

true

Explanation:

i took the 7.01 finance quiz and got it right.

The Bureau of Labor Statistics is responsible for measuring labor market activity, working conditions, and price changes in the economy.

This includes collecting and analyzing data on employment, unemployment, wages, productivity, and other aspects of the labor market. They also track trends and provide forecasts on labor market activity, which can be used by policymakers, businesses, and individuals to make informed decisions. The Bureau of Labor Statistics (BLS) is a federal agency within the U.S. Department of Labor that collects and disseminates data on labor market activity in the United States. The agency was established in 1884 and is responsible for providing accurate and objective information on labor market conditions to a wide range of stakeholders. This includes policymakers, businesses, researchers, and the general public.

The BLS collects data through a variety of surveys, including the Current Employment Statistics (CES) survey, the Current Population Survey (CPS), and the Occupational Employment Statistics (OES) survey. These surveys provide information on employment, unemployment, wages, hours worked, and other aspects of the labor market.

The agency also conducts research and analysis to better understand labor market trends and issues. This includes studying the impact of automation and technological change on employment, analyzing the relationship between education and earnings, and examining the effects of globalization on the labor market.

In summary, the Bureau of Labor Statistics is responsible for measuring and analyzing labor market activity, working conditions, and price changes in the economy. This involves collecting and disseminating data, conducting research, and providing forecasts and analysis to a wide range of stakeholders.

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It can be seen from the solutions given that Cain's net income is $24,000.

Net income = Net cash provided by operating activities - Adjustments

= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000

= $24,000

Therefore, Cain's net income is $24,000.

Here is a breakdown of the adjustments:

To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.

A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.

The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.

A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.

A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.

A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.

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If a factor receives pure economic rent, its supply curve must be horizontal.Pure economic rent refers to the excess payment made for utilizing the resources that are available.

It is paid to the owner of the resources who has the natural or technological advantages in the particular industry. It is the amount of excess payment made for utilizing the resources above and beyond the minimum amount required to keep the owner of the resources in their current occupation or investment.The supply curve of a factor that receives pure economic rent must be horizontal because if it's vertical, the producers cannot increase the production and if it's upward sloping, the price will increase as the quantity increases, which will contradict the definition of pure economic rent.

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The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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The checks, cash, and coins that are being added to a bank account are listed on a deposit slip.

One can deposit and withdraw money from a bank account, make payments, send money to another person or organisation, pay bills online, and more. Bank accounts allow for cashless transactions and the receipt of direct deposits from employers or other organisations.

Opening a bank account can be one of the most crucial actions to achieve financial objectives. Because keeping money in an FDIC-insured bank account can provide monetary security, simple access to funds, cost savings from check cashing costs, and general monetary peace of mind.

Deposit account funds are used by banks to fund loans to other people or companies. The borrower pays interest on those loans to the bank in return.

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The qualities, skills, and abilities which workers in this career cluster need are:

According to the given question, we are meant to show the abilities, skills which workers that were displayed on video needs to have if they are to thrive in their chosen profession.

As a result of this, we can see that the workers in this particular career cluster needs communication skills, emotional intelligence and ability to be comfortable in an office setting.

Therefore, the correct answers are options B, E and F

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Answer:

B.E.F

Explanation:

Answer:

Explanation:

1. Expansion

The first stage in the business cycle is expansion. In this stage, there is an increase in positive economic indicators such as employment, income, output, wages, profits, demand, and supply of goods and services. Debtors are generally paying their debts on time, the velocity of the money supply is high, and investment is high. This process continues as long as economic conditions are favorable for expansion.

2. Peak

The economy then reaches a saturation point, or peak, which is the second stage of the business cycle. The maximum limit of growth is attained. The economic indicators do not grow further and are at their highest. Prices are at their peak. This stage marks the reversal point in the trend of economic growth. Consumers tend to restructure their budgets at this point.

3. Recession

The recession is the stage that follows the peak phase. The demand for goods and services starts declining rapidly and steadily in this phase. Producers do not notice the decrease in demand instantly and go on producing, which creates a situation of excess supply in the market. Prices tend to fall. All positive economic indicators such as income, output, wages, etc., consequently start to fall.

4. Depression

There is a commensurate rise in unemployment. The growth in the economy continues to decline, and as this falls below the steady growth line, the stage is called a depression.

5. Trough

In the depression stage, the economy’s growth rate becomes negative. There is further decline until the prices of factors, as well as the demand and supply of goods and services, contract to reach their lowest point. The economy eventually reaches the trough. It is the negative saturation point for an economy. There is extensive depletion of national income and expenditure.

6. Recovery

After the trough, the economy moves to the stage of recovery. In this phase, there is a turnaround in the economy, and it begins to recover from the negative growth rate. Demand starts to pick up due to low prices and, consequently, supply begins to increase. The population develops a positive attitude towards investment and employment and production starts increasing.

Employment begins to rise and, due to accumulated cash balances with the bankers, lending also shows positive signals. In this phase, depreciated capital is replaced, leading to new investments in the production process. Recovery continues until the economy returns to steady growth levels.  

This completes one full business cycle of boom and contraction. The extreme points are the peak and the trough.

Answer:

Answer is B

Explanation:

If banks loaned out all of their deposits, it would be impossible to meet customers' demands for withdrawals. Hence, the correct answer is option B.

Banks are financial institutions that accept deposits from customers and use those funds to make loans or invest in other financial assets. Banks provide a range of financial services, including checking and savings accounts, loans, credit cards, and investment services. Banks play a critical role in the economy by facilitating the flow of funds between savers and borrowers and providing liquidity to the financial system.

Banks must maintain a certain amount of reserves, which is a fraction of the deposits they receive, to ensure that they can meet customer withdrawal demands. If banks loaned out all of their deposits, they would not have enough reserves to meet these demands, which would lead to bank runs and financial instability.

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Answer:

yes education opens the door to employment as Education give us a new identity and talent which people are looking for the employment. Education can lead to success and employement.

The weekly production capacity for ABC Pumps is 11,706 fuel pumps.

To calculate the weekly production capacity, follow these steps:

1. Calculate the actual capacity by multiplying the effective capacity (360 fuel pumps/hour) by the efficiency (93%): 360 * 0.93 = 334.8 fuel pumps/hour.

2. Calculate the daily production by multiplying the actual capacity (334.8 fuel pumps/hour) by the number of hours per day (7 hours): 334.8 * 7 = 2,341.6 fuel pumps/day.

3. Calculate the weekly production capacity by multiplying the daily production (2,341.6 fuel pumps/day) by the number of days per week (5 days): 2,341.6 * 5 = 11,708 fuel pumps/week.

4. Round the weekly production capacity to a whole number: 11,706 fuel pumps/week.

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Answer:

after college hope it help :)

Explanation:

Answer:

when it is not managed properly

Explanation:

PLATO

The degree of operating leverage at a particular level of sales is calculated by dividing the contribution margin by net operating income.

The degree of operating leverage (DOL) is a multiple that evaluates how much a company's operating income changes in response to changes in sales.

Companies with a high proportion of fixed costs (or costs that do not change with production volume) to variable costs (costs that change with production volume) have greater operating leverage.

The DOL ratio helps analysts determine the impact of a change in sales on a company's earnings or profit.

The sensitivity of net operating income to percentage changes in sales is measured by the degree of operating leverage.

Determine how a percentage change in sales volume affects profits at any given level of sales.

Sensitivity is higher because of a lower net income, increased fixed expenses, and increased commissions.

Hence, The degree of operating leverage at a particular level of sales is calculated by dividing the contribution margin by net operating income.

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According to Liz Mullen's report in the SBJ, the MLB Players Association released $33.4 million from its labor war chest last year to hundreds of current and former MLB players.

Hi! According to the information provided, the MLB Players Association released money from its labor war chest to hundreds of current and former MLB players. Unfortunately, the specific amount distributed is not mentioned in your question. Please provide more information or refer to the source article for the exact amount distributed.

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Directly assigned to products as a percentage markup over direct are materials-related costs (costs to buy, receive, inspect, and store materials).

Relevant costs won't alter if you select one strategy over another in the future. As a result of their impossibility, sunk costs, committed costs, and overheads are instances of irrelevant costs. There is never a single appropriate reaction for any business because it frequently varies on the situation.

cost of manufacturing. Manufacturing overhead is difficult to link to any particular product because it encompasses all indirect costs associated with the production process (salaries, rent, depreciation expense). It excludes all selling and administrative (SG&A) tasks.

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It can be argued that MTV's future lies mostly in its international operations. MTV has historically been known as a music television channel primarily targeting the American market.

However, with the decline in music videos' popularity and the rise of digital platforms for music consumption, the domestic market for MTV has become increasingly competitive and challenging. On the other hand, MTV's international operations have seen significant growth and potential. MTV has successfully expanded its brand globally, reaching audiences in different countries and cultures. The international market offers a vast consumer base and opportunities for revenue generation through advertising, licensing, and partnerships. Additionally, the popularity of American music and entertainment content in many parts of the world provides a strong foundation for MTV's international growth.

Furthermore, as technology advances, the internet and digital platforms have made it easier for MTV to reach international audiences and adapt to changing media consumption habits. MTV's ability to produce localized content and tailor its programming to specific regions and demographics further strengthens its position in the international market.

In conclusion, while MTV's domestic operations may face challenges, its international operations present significant growth potential. By leveraging its global brand recognition, adapting to changing media consumption patterns, and catering to diverse international audiences, MTV can capitalize on the opportunities offered by the international market and secure its future success.

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Answer:

First year : Le 2100

Second year : Le 2800

Third year : Le 2800

Explanation:

Given the following :

Cost of equipment = 30,000

Useful years = 10

Salvage or scrap value = 2,000

depreciation account for the first 3 years in the life of the asset using the Straight line method :

Straight line Depreciation :

(Cost - salvage value) / useful years

First year: (April - December 1990)

April - December 1990 = 9 months

(30,000 - 2000) / 10 × 9/12

28000 / 10 × 0.75 = Le 2100

Second year:

(30,000 - 2000) / 10 × 12/12

28000/ 10 = Le 2800

Third year:

(30,000 - 2000) / 10 × 12/12

28000/ 10 = Le 2800

Introduction The report talks about the challenges faced by Jason Traynor when he was a junior HR administrator at Vroom Staffing Services, in managing a workforce of different ages. The issue arises due to GM's selling off the fabrication plant, and their policy of allowing any GM employee to return to the main GM autoplex as positions came open through employee attrition.

The report highlights the issue of minimal pre-screening of employees, creating conflicts between junior and senior employees. Lastly, the report emphasizes that the young employees' addiction issues and increasing levels of casual absenteeism were creating problems for the company.Background Information With GM selling off the fabrication plant, Vroom Staffing Services faced significant challenges in managing the workforce of different ages. GM employees were given the opportunity to return to the main GM autoplex as positions opened through employee attrition. GM would often "call out" 30 to 40 employees with only two or three days' notice to Vroom. With no pool of candidates available, Vroom had to react quickly so as not to disrupt production at GM.

Due to time constraints, pre-screening was minimal. On several occasions, people would be selected on Friday night for a Monday morning start. The majority of the new hires were young and right out of high school. These new employees, with limited post-secondary education and little, if any, factory experience, were earning $28 an hour, plus benefits, which equalled approximately $85,000 per year. The job was so lucrative that many opted out of pursuing further education.Analysis The primary issue that Vroom Staffing Services faced was the minimal pre-screening of employees due to time constraints.

As a result, many new employees had addiction issues, leading to increasing levels of casual absenteeism. Young employees often manipulated the collective agreement, resulting in activities such as punch card fraud, not badging in or out, and leaving the facility unauthorized while still on the clock. Vroom Staffing Services needs to work on employee selection methods, including comprehensive pre-screening of new hires. The company should also create a work culture that respects the diverse needs of all age groups. Finally, the company needs to consider providing counseling and rehabilitation services for employees struggling with addiction.

Conclusion To overcome the issues faced by Vroom Staffing Services, the company needs to adopt comprehensive employee selection methods. It is important to pre-screen all new hires comprehensively, to create a work culture that respects the diverse needs of all age groups, and to provide counseling and rehabilitation services for employees struggling with addiction. The Vroom Staffing Services should create effective HR policies that help in bridging the gap between the junior and senior employees and help to work towards a common goal.

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