Option (b), Individual labor supply between $40 and $80 an hour is inelastic.
The term inelastic refers to the amount of demand or supply when there is no significant effect on the quantity when the price of a product or service changes. So, when individual labor supply is inelastic, it means that there is no change in the amount of labor supply if the wages increase or decrease in the market. Hence, the statement that "individual labor supply between $40 and $80 an hour is inelastic" is a fact that most economists agree with.
The other options that were provided as answer choices are not correct. If the labor supply were cyclical, it would have fluctuated with business cycles. If the labor supply were fixed in place, then it would not have changed even when the market wage rate increases. If the labor supply were elastic, then any small change in the wage rate would lead to a significant change in the quantity of labor supplied, which is not the case with an inelastic labor supply.
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In this market research step, the data are compiled, studied, and interpreted:
Answer:
Data Preparation/Assembling Analysis
Explanation:
In the data analysis step of Market Research, the data collected in the research are put together, arranged in an organized form, put through detailed review, properly verified by an valid process, interpreted and expounded
In the preparation and analysis step, the data is formatted by editing, coding, transcription and verification to enable accurate analysis of the collected information. Data validation process is put in place to ensure that the proper data that quantifies the desired metrics are obtained.
The process of data preparation and analysis enables the decision making process by promoting the process of suggesting conclusions, whereby useful information is highlighted by the modelling, transformation, cleaning, and inspection data analysis processes
Jones & Jones, CPAs, a one-office public accounting firm, has been asked to audit Majestic Mfg. Co. for the 20X2 calendar year. Majestic Mfg. Co. is not a public interest entity as that term is defined in the Conceptual Framework for AICPA Independence Standards.A survey of Jones & Jones, CPAs personnel revealed several instances where relationships of partners and staff with Majestic Mfg. Co. might impair independence. The partners of Jones & Jones, CPAs want the audit engagement, but they will not terminate any staff person or ask any partner to resign to obtain the work.With the restriction on non-termination of partners or staff, which, if any, of the following threats to Jones and Jones, CPAs independence with Majestic Mfg. Co. cannot be eliminated or sufficiently mitigated so that independence is not impaired?
A) Olson, a professional staff person, below the rank of manager, has been employed on a full time basis with Jones & Jones, CPAs since August 20X0. Olson was also a director of Majestic Mfg. Co. for the first six months of 20X2.
B) Swanson is a manager with Jones & Jones CPAs. He had been treasurer of Majestic Mfg. Co. from January 20X0 through March 20X2. He resigned his position as treasurer and accepted employment as a manager with Jones & Jones, CPAs on April 1, 20X2 .
C) Anderson, a Jones & Jones, CPAs partner, is a close personal friend of the president of Majestic Mfg. Co.
D) All of the preceding threats to independence can be eliminated or mitigated.
E) None of the above threats to independence can be eliminated or mitigated.
None of the above threats to independence can be eliminated or mitigated threats to Jones and Jones, CPA's independence with Majestic Mfg. Co. cannot be eliminated or sufficiently mitigated so that independence is not impaired. Thus, option (e) is correct.
What is independence?The term “independence” refers to freedom from the command, control, or influence of others. Independence is granted unconditionally. The “independence” is most commonly applied to a country, nation, or state, as well as its people, residents, and population.
Jones & Jones, CPA was a public accounting company, and the relationship was maintained so that challenges to independence may be eliminated or managed sufficiently so that independence was not jeopardized.
As a result, the significance of the independence are the aforementioned. Therefore, option (e) is correct.
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A market supply schedule shows the relationship between
please!!!!!!
Answer: A supply schedule is a table that shows the quantity supplied at different prices in the market. A supply curve shows the relationship between quantity supplied and price on a graph.
Explanation: I HOPED THAT HELPED,!
Raul works in Human Resources and is interviewing four people for the position of Budget Analyst. Which candidate
has the best education for this particular career?
Candidate A bachelor's degree in Finance and master's degree in
Mathematics
Candidate B
bachelor's degree in Mathematics and associate's degree in
Marketing
Candidate C
associate's degree in Computer Programming and HS diploma
Candidate D
bachelor's degree in Economics and master's degree in
Management
?
O Candidate A
O Candidate B
O Candidate C
O Candidate D
Answer:
A
Explanation:
Answer:
it is a
Explanation:
just took the test
The Real Estate Settlement Procedures Act states all of the following EXCEPT
F is considered as an _____________ factorand q is considered an ___________ factorGroup of answer choicesinternal, externalinternal; internalexternal; internalnone of the choicesexternal; exte
Internal factors are those which are within the control of a company and can be changed by the organization. These factors include strategies, organizational structure, leadership and culture, employee productivity, and marketing and sales initiatives.
External factors are anything outside of the company's control and can include the economy, competition, technology, political environment, and social and demographic changes. These factors can have an impact on the success of the organization, but the organization cannot directly control them.
For example, an organization may be able to control its internal factors, such as its marketing and sales initiatives, but it cannot control external factors such as the economy or competition.
The organization may be able to make changes to its pricing, product offerings, and marketing strategies in response to changes in the external environment, but it cannot control the overall economic conditions or the actions of its competitors. Therefore, internal factors are the primary determinant of a company's success or failure, while external factors are often secondary.
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Danny wants to start a deck and fence company. To start the business, Danny plans to invest $90,000 in pick-up trucks and tools. The trucks and tools are classified as 5-year property and will have a book value of $20,160 after three years. Danny expects that he will have to carry an inventory of lumber of $50,000. At the end of three years, Danny expects that he will be able to sell the trucks for $8,000, but he expects that the tools will be worthless. The corporate tax rate is 20%. What are the terminal year cash flows (not including the operating cash flows or tax shields)? Round your answer to the nearest dollar.
The terminal year cash flows (not including the operating cash flows or tax shields) are approximately $5,984 (rounded to the nearest dollar).
The terminal year cash flows, excluding operating cash flows and tax shields, can be calculated by considering the sale of assets and the tax implications.
In this case, Danny plans to invest $90,000 in pick-up trucks and tools. After three years, he expects to sell the trucks for $8,000, while the tools are expected to be worthless.
To calculate the terminal year cash flows, we need to consider the tax implications. The book value of the trucks after three years is $20,160. Since the trucks are classified as 5-year property, their remaining depreciable life is 2 years (5 years - 3 years).
To determine the tax impact, we calculate the depreciation expense for the remaining 2 years:
Depreciation Expense = Book Value / Remaining Depreciable Life
Depreciation Expense = $20,160 / 2
Depreciation Expense = $10,080
Since the corporate tax rate is 20%, the tax shield from the depreciation expense is:
Tax Shield = Depreciation Expense * Tax Rate
Tax Shield = $10,080 * 0.20
Tax Shield = $2,016
Now, let's calculate the terminal year cash flows:
Terminal Year Cash Flows = Sale of Trucks - Tax Shield
Terminal Year Cash Flows = $8,000 - $2,016
Terminal Year Cash Flows ≈ $5,984
Therefore, the terminal year cash flows (not including the operating cash flows or tax shields) are approximately $5,984 (rounded to the nearest dollar).
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Why is term life insurance better than whole life insurance?
Answer: Term life is “pure” insurance, whereas whole life adds a cash value component that you can tap during your lifetime. Term coverage only protects you for a limited number of years, while whole life provides lifelong protection—if you can keep up with the premium payments.
Explanation:
View Policies Current Attempt in Progress American Blossom management is planning to make a $1.5 million loan to a French firm. Currently, LIBOR is at 1.0 percent. American management considers a default risk premium of 0.80 percent, a foreign exchange rate risk premium of 0.20 percent, and a country risk premium of 0.13 percent to be appropriate for this loan. What is the loan rate charged by American Blossom? Loan rate charged %
The loan rate charged by American Blossom can be calculated by adding the various premiums to the LIBOR rate. Here's how we can calculate it:
LIBOR rate = 1.0%
Default risk premium = 0.80%
Foreign exchange rate risk premium = 0.20%
Country risk premium = 0.13%
Loan rate charged = LIBOR rate + Default risk premium + Foreign exchange rate risk premium + Country risk premium
Loan rate charged = 1.0% + 0.80% + 0.20% + 0.13%
Loan rate charged = 2.13%
Therefore, the loan rate charged by American Blossom would be 2.13%.
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Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.6, and a typical gasoline retailer enjoys sales of $1,450,000 annually. What is the price elasticity of demand for a representative gasoline retailer's product?
Answer:
-1.5
Explanation:
Given the following :
Rothschild index = 0.6
Elasticity of demand for total market = - 0.9
Annual sale = $1,450,000
Elasticity of demand for a representative retailer's product :
Using the Rothschild demand Elasticity relation:
Rothschild index = (Elasticity of demand for total market / Elasticity of demand for a representative retailer's product
0.6 = - 0.9 / Elasticity of demand for a representative retailer's product
Elasticity of demand for a representative retailer's product = - 0.9 / 0.6
= - 1.5
The beta for the DAK Corporation is 1.25. If the yield on 30 year T-bonds is 5.65%, and the long term average return on the S&P 500 is 11%. Calculate the required rate of return for DAK Corporation.a. 12.34%b. 7.06%c. 13.74%d. 5.35%e. 5.65%
The required rate of return for DAK Corporation, as per the mentioned informations, is calculated to be 12.34%. So, the correct answer is option (a).
The required rate of return for DAK Corporation can be calculated using the capital asset pricing model (CAPM), which is:
Required Rate of Return = Risk-Free Rate + Beta x (Market Return - Risk-Free Rate)
Here, the risk-free rate is the yield on 30-year T-bonds, which is 5.65%, the market return is the long-term average return on the S&P 500, which is 11%, and the beta for DAK Corporation is 1.25. Therefore, substituting the values into the formula:
Required Rate of Return = 5.65% + 1.25 x (11% - 5.65%) = 12.34%
Thus, the required rate of return for DAK Corporation is 12.34%, and the answer is (a) 12.34%.
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According to the video, what are some qualities Air Traffic Controllers need? Check all that apply.
physical strength
clear speaking
teamwork
alertness
repair skills
a driver’s license
Answer:
B,C,D ON EDGE 2020-2021
Explanation:
Based on the information given, the qualities Air Traffic Controllers need are:
Clear speakingTeamworkAlertnessThe correct options are B, C, and D.
What does an air traffic controller do?They control the flow of aircraft into and out of the airport's airspace, direct pilots during takeoff and landing, and keep an eye on the movement of aircraft in the sky. To communicate with pilots, air traffic controllers employ radio technology.
Clear speaking is necessary because Air Traffic Controllers are responsible for communicating with pilots to provide them with critical information, such as weather conditions, runway changes, and other important details. Any miscommunication or misunderstanding could have severe consequences, so it's essential that Air Traffic Controllers are articulate and can communicate clearly.
Teamwork is also crucial for Air Traffic Controllers because they work closely with other Air Traffic Controllers and other professionals, such as pilots, airport personnel, and maintenance crews. They need to be able to coordinate and collaborate effectively to ensure the safe and efficient flow of air traffic.
Thus, the ideal selections are options B, C, and D.
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On January 1, Year 4, Jaffe Co. leased a machine to Pender Co. for 10 years, with $10,000 payments due at the beginning of each year effective at the inception of the lease. The machine cost Jaffe $55,000. The lease is appropriately accounted for as a sales-type lease by Jaffe. The present value of the 10 rent payments over the lease term discounted appropriately at 10% was $67,600. The estimated residual value of the machine at the end of 10 years is equal to the disposal costs. How much interest revenue should Jaffe record from the lease for the year ended December 31, Year 4
Answer:
$5,760
Explanation:
Calculation to determine How much interest revenue should Jaffe record from the lease for the year ended December 31, Year 4
First step is to calculate the carrying amount
carrying amount=$67,600-$10,000
carrying amount of $57,600
Now let calculate the interest revenue
Interest revenue =$57,600*10%
Interest revenue=$5,760
Therefore How much interest revenue should Jaffe record from the lease for the year ended December 31, Year 4 is $5,760
Is the statement “the first day on a job is always easy” true?
Im gonna slap the person who told you that, Answer:
Pffttt ofc not its always hard the first day.
Good Explanation:
Your first day on the job can be intimidating, anxiety-inducing, nerve-wracking, and hopefully, you do good you know cause its a pain in the ####. So Don't underestimate any job buddy,
The answer is false btw.
On December 1, 2021, Carlos entered into a lease on a building for use in his business for $1,000 per month. Under the lease terms, Carlos pays 18 months’ rent ($18,000) in advance on December 1. How much can Carlos deduct for rent in 2021?
a. $12,000
b. $18,000
c. $1,000
d. $13,000
The amount that Carlos can deduct for rent in the year 2021, based on his annual rent is c.$1,000.
Rent in 2021When recording rent, you can only record it for the period that the financial statement is for.
The rent given is for 18 months from December 2021 which means that it will be for only a single month in December.
The rent will therefore be a rental amount for a month:
= Rental amount / Number of months
= $18,000 / 18
= $1,000
In conclusion, option C is correct.
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10. Imagine your friend is looking for a job in healthcare. She completes her first interview and calls you when she finds out she didn’t get the job. She explains that she was late to the interview because her car broke down. She also forgot to bring a copy of her résumé and struggled to explain why she was a good fit for the position. Explain two (2) different strategies your friend could use to better prepare for the next interview opportunity
It can be disappointing to not get a job after an interview, but it's important to use the experience as a learning opportunity to better prepare for future interviews.
If your friend is looking to improve her chances for the next interview, here are two strategies she could use:
1. Prepare and practice. One of the key ways to impress an interviewer is to come prepared and confident. Encourage your friend to prepare by researching the company and the job position. This can include looking at the company's website, social media pages, and reading any news articles or press releases. Your friend can also practice answering common interview questions and have a friend or family member conduct a mock interview. This can help her feel more confident and articulate during the actual interview.
2. Have a backup plan. Accidents happen, and your friend's car breaking down is an unfortunate but common situation. Encourage your friend to plan ahead by mapping out the interview location and the route she will take. This can include identifying any potential obstacles such as construction or traffic. Your friend can also consider alternative transportation options such as public transportation or using a ride-sharing service. Additionally, your friend can have a backup plan for providing a copy of her résumé. This can include printing out multiple copies or emailing a digital copy to herself or the interviewer ahead of time.
By implementing these strategies, your friend can feel more confident and prepared for her next interview. It's important to remember that interview skills are learned and can be improved with practice and preparation.
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What are the marketing implications of the world population shifting from rural to urban areas? Identify at least three items.
The shift of the world population from rural to urban areas has significant marketing implications. Three key implications include changes in target markets, shifts in consumer behavior and preferences, and increased competition in urban markets.
Changes in target markets: As the population moves to urban areas, marketers need to shift their focus and strategies to target the urban population. This requires understanding the demographic characteristics, lifestyle patterns, and consumption habits of urban dwellers. Marketers may need to tailor their products, services, and promotional activities to cater to the needs and preferences of urban consumers.
Shifts in consumer behavior and preferences: Urbanization can lead to changes in consumer behavior and preferences. Urban dwellers often have different lifestyles, needs, and aspirations compared to rural populations. Marketers need to stay updated on these shifts and adapt their marketing strategies accordingly. For example, urban consumers may demand convenience, fast-paced services, and products that align with their urban lifestyle.
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which factor is used to calculate payment for anesthesia services
The factor used to calculate payment for anesthesia services in the United States is known as the Base Units. The Base Units represent the relative amount of work involved in providing anesthesia services for a particular procedure or service. These units are assigned to different anesthesia procedure codes by the American Society of Anesthesiologists (ASA).
In the United States, payment for anesthesia services is typically determined using the Medicare Physician Fee Schedule (MPFS), which sets the reimbursement rates for various medical services, including anesthesia. The MPFS assigns a monetary value, known as the Conversion Factor, to each Base Unit. The Conversion Factor is then multiplied by the total Base Units assigned to an anesthesia procedure code to calculate the payment amount.
It's important to note that the specific payment calculation may also take into account other factors, such as the geographic location, the type of facility where the service is provided, and any modifiers applied to the procedure code. Additionally, private insurance companies may have their own fee schedules and payment methodologies for anesthesia services.
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For a contract to be valid it must contain essential features. The feature that describes an expression of interest of one party to another and a subsequent act of indication to accept the terms outlines is
Answer:
For a contract to be valid it must contain essential features. The feature that describes an expression of interest of one party to another and a subsequent act of indication to accept the terms outlines is:
Agreement or mutual consent.
Explanation:
Mutual consent or agreement is given expression by a valid offer by one party and acceptance by the other party. These are then backed by adequate consideration, proof of the capacity of the contracting parties, and the legality of the subject of the contract. Without the agreement or mutual consent between the contracting parties, the contract is not enforceable, ab initio. It is this essential element of a contract that shows that the parties are interested in entering into some binding relationships for their mutual benefits.
Evelyn's employer covers 80% of the cost of a $5700-per-year health insurance plan, and her share of the cost of the plan is her only optional deduction. How much is deducted from Evelyn's paycheck each month for health insurance?
Answer:
Prices may be rising, but Americans shopped more than expected in January
Explanation:
Prices may be rising, but Americans shopped more than expected in January: US retail sales rose by 3.8% in January from the month prior, adjusted for seasonal swings -- more than the 2% increase economists had predicted. That puts the sales total at $649.8 billion for the first month of 2022, the Census Bureau reported Wednesday. #accelerationism
Can a hospital nurse in new jersey (who is an hourly employee) agree to work more than 40 hours per week if s/he wants to do so?
It is True that a hospital nurse in New Jersey, as an hourly employee, can agree to work further than 40 hours per week if they wish to do so.
It's important to note that any hours worked beyond 40 hours in a workweek would generally be subject to overtime pay. In agreement with the Fair Labor Standards Act(FLSA),non-exempt workers are entitled to admit overtime compensation at a rate of 1.5 times their regular hourly wage for hours worked over 40 in a workweek.
while the nurse can voluntarily work fresh hours, the employer is fairly obliged to give applicable overtime compensation.
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stakeholders include people who have their routines disrupted by the project.
True / False
True Stakeholders include individuals or groups who have an interest or stake in a project or its outcomes.
This can include a wide range of people, such as project team members, managers, customers, suppliers, shareholders, and even individuals in the community who may be affected by the project. When a project is undertaken, it can bring about changes and disruptions to the existing environment, routines, or processes. These disruptions can impact various stakeholders involved.
For example, if a construction project is carried out in a neighborhood, the residents may experience disruptions in their daily routines due to noise, traffic, or restricted access. Recognizing and managing the concerns and interests of stakeholders is an important aspect of project management. By understanding the potential impact of a project on different stakeholders and addressing their needs and concerns, project managers can work towards minimizing disruptions and building positive relationships with the stakeholders involved.
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according to sir bryan carsberg, former iasc secretary-general, what is the most significant cost of accounting diversity?
According to sir Bryan carsberg, former iasc secretary-general, what is the most significant cost of accounting diversity It may limit the effectiveness of the international capital markets.
Who was sir Bryan carsberg?
A qualified chartered accountant, Sir Bryan began his career in public office over 20 years ago after holding posts of academic distinction, including Professor of Accounting at both the University of Manchester and the London School of Economics. For more than 40 years, Sir Bryan has made a wide-ranging and far-reaching contribution to learning, the professions and public affairs. His career has been distinguished by his strenuous endeavours to ensure that consumer interests are at the heart of all policy-making and reforms.
He has made a considerable contribution to the instigation of change within the Royal Institution of Chartered Surveyors (RICS). Most recently he undertook an extensive review of the residential property market. His final report called for the establishment of a regulatory body to oversee estate and letting agents and recommended that the government's controversial 'Home Information Packs' should no longer be compulsory because they have failed to improve the home-buying process.
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According to sir Bryan Carsberg, former IASC secretary-general, what is the most significant cost of accounting diversity.
It may limit the effectiveness of the international capital markets.
Who was sir Bryan Carsberg?A qualified Chartered Accountant, Sir Brian began his career in public service more than 20 years ago after completing degrees including Professor of Accounting from the University of Manchester and the London School of Economics. Over the course of over 40 years, Sir Brian has made a broad and far-reaching contribution to learning, the profession and public relations. His career has been marked by a tireless effort to ensure that consumer interests are at the center of all policy decisions and reforms.
He has been instrumental in making changes within the Royal Institute of Chartered Surveyors (RICS). Most recently, he created a comprehensive inventory of the residential real estate market. Its final report called for the establishment of a regulator to oversee real estate and renters, and recommended that the government's controversial "housing information pack" should no longer be mandated due to its failure to improve the home buying process.
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which feature of the superfund amendments and reauthorization act (sara) was the most impactful for landowner liability?
The most impactful feature of the Superfund Amendments and Reauthorization Act (SARA) for landowner liability is the "Innocent Landowner Defense."
This feature was significant because it provided protection for landowners who were unaware of existing contamination on their property when they acquired it. The Innocent Landowner Defense allowed landowners to avoid liability for contamination if they could prove that they:
1. Conducted appropriate due diligence to identify potential environmental issues before purchasing the property
2. Had no knowledge of the contamination at the time of purchase
3. Were not responsible for the release of hazardous substances on the property
4. Cooperated with all relevant authorities in addressing the contamination issue
This feature of SARA was impactful for landowner liability as it helped protect innocent property owners from the financial burdens associated with cleaning up contaminated sites, ultimately encouraging responsible land purchasing and development practices.
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In a commensal relationship, the commensal benefits but the cohabitant is neither harmed nor benefited
True or False
True. In a commensal relationship, one organism (the commensal) benefits from the presence of another organism (the cohabitant) but the cohabitant is neither harmed nor benefited.
Commensal relationship is common in nature and can be observed in many different species. For example, birds may nest in trees without harming the tree, or barnacles may attach themselves to the shells of turtles without harming the turtle. In both cases, the commensal benefits from the relationship, while the cohabitant is not affected one way or the other. Commensalism is often contrasted with other types of symbiotic relationships, such as mutualism (where both organisms benefit) and parasitism (where one organism benefits at the expense of the other). Overall, commensalism is an important aspect of ecological interactions and helps to shape the structure and function of many different ecosystems.
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Zahler Company uses a periodic inventory system and the average-cost method. At December 31, 2025, the following information has been compiled for its finished goods inventory: ted selling price At what amount should the company value its finished goods inventory at December 31, 2025? $13000 $14500 $12250 $14250
To determine the value of the finished goods inventory at December 31, 2025, we need more information regarding the quantity or units of the finished goods inventory. The given information only mentions the "ted selling price" but doesn't provide details about the quantity of units or their respective costs.
In the periodic inventory system using the average-cost method, the inventory value is calculated by taking the average cost per unit and multiplying it by the number of units in inventory.
Without the information regarding the quantity and costs of units, it is not possible to accurately determine the value of the finished goods inventory. Therefore, none of the given options ($13000, $14500, $12250, $14250) can be definitively chosen as the correct value for the finished goods inventory at December 31, 2025.
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I want to buy a car in one year by saving at least $500 a month from my paycheck for the next year. This is a
goal.
Obroad
SMART
O neither
Next
Submit
Mark this and return
Help
Answer:
SMART goal
Explanation:
The term SMART as used in an objective setting is an abbreviation for Specific, Measurable, Achievable, Realistic, and Timely. It describes a goal that has all the components of the abbreviations. The goal has to have
Specific: Well defined, clear, and unambiguousMeasurable: With particular criteria that evaluate progress made in achieving the goalAchievable: Attainable and not impossible to accomplishRealistic: Within reach and relevant to lifeTimely: Has a clearly defined timeline, including a starting date and a target date.The goal, as stated in the sentence, meets the above criteria. The objective is clear; progress can be determined; it is achievable and realistic. The timelines are well defined.
PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!
ABC Lumber Company has stock with these probabilities of value after five years with an initial investment of $2,000: 55% probability of a $1,800 value, 20% probability of a $2,100 value, and 25% probability of a $2,700 value. What is the expected value of the investment after five years?
A. $2,085
B. $2,000
C. $1,950
D. $1,545
Answer:
C
Explanation:
Answer:
1,950
Explanation:
if a loan isn‘t repaid, the__ of the borrower—used as security for the debt—could be sold by the lender.
If the loan is not repaid, the collateral of the borrower - used as security for the debt - could be sold by the lender.
What is collateral?Collateral is the asset that a lender accepts as security for extending a loan. If the borrower doesn't make payments, the lender may take the security. Simply put, collateral is something of value that a lender may take from a borrower if the latter fails to repay a loan in accordance with the terms set forth.
It is an asset or other type of tangible property that the borrower possesses, such as a home, animals, a car, etc. The borrower receives loans from the banks based on these assets. The lender has security provided by the collateral. Therefore, collateral serves as a guarantee to the bank so that, in the event that the borrower defaults on the loan, the bank may sell the collateral and recover the loan balance.
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influences of Business environment,
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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