You own some land at the edge of Blacksburg. An individual wants to sign a contract where she rentsthe land from you for 10 years to operate a golf driving range. She is willing to pay $25,000 per year(at the end of each year). She will then buy the land from you at the end of year 10 for $350,000.Alternatively, she is willing to accept a five-year contract, but will only pay $20,000 per year (at theend of each year) and not buy the land at the end of the contract. You suspect that in five years,Blacksburg will have grown enough that a developer will buy your land to build new homes. Howmuch does the developer need to pay you at the end of five years to make the shorter contract thebetter option
Answers
Answer:
500,000
Explanation:
25,000x10=250,000+350,000=600,000 20,000x5=100,000 600,000-100,000=500,000
Related Questions
There is a new and growing danger with the food we eat. Criminal gangs are selling billions of dollars of fake food to supermarkets around the world. The food could be very dangerous. In the past few years, there have been some high-profile scandals. Children's candies are dyed with poisonous chemicals, horse meat is labeled as beef, cheaper peanut powder is being used instead of almond flour harming or killing people with peanut allergies. Gangs can make a lot of money from fake food. It is also safer than selling drugs because the penalties are lower. What food crimes do you know about? What can supermarkets do to make sure our food is safe? How can we use technology to fight food crime? What should the penalties be for food crime?
Write about 300 words
Answers
Answer:
merry christmas ,i need friends
Waterway Industriesis contemplating the production and sale of a new widget. Projected sales are $315000 (or 75000 units) and desired profit is $45000. What is the target cost per unit? $6.00 $3.60 $4.20 $4.80
Answers
Based on the information given the target cost per unit is $3.60.
Using this formula
Target cost per unit=Projected sales-Desired profit/Units
Where:
Projected sales=$315,000
Desired profit=$45,000
Units=75,000
Let plug in the formula
Target cost per unit=$315,000-$45,000/75,000
Target cost per unit=$270,000/75,000
Target cost per unit=$3.60
Inconclusion the target cost per unit is $3.60.
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Robyn was a lawyer for the Department of State who has been disbarred for ethical lapses including dishonesty and interfering with investigations.
After losing his license to practice law, he was fired from the State Department. What MOST likely must Robyn do now?
A. Appeal his case to the American Bar Association.
B. Find a new career outside the legal profession.
C. Wait a year and reapply for his license.
D. Take his case to an appeals court.
Answers
The most likely thing for Robyn to do is B. Find a new career outside the legal profession.
Why does Robyn need to leave the legal profession ?Since he has lost his license to practice law, he would not be able to continue working as a lawyer or in any other legal capacity. In addition, his firing from the State Department would likely make it difficult for him to find employment in a related government agency.
Therefore, the most realistic option for Robyn would be to seek employment in a different field or industry. Appealing his case to the American Bar Association or taking his case to an appeals court would likely not be fruitful options, as his disbarment and firing from the State Department suggest that his ethical lapses were significant and serious.
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On June 30, Coral, Inc. finished Job 750 with total job costs of $ 4 comma 400, and transferred the costs to Finished Goods Inventory. On July 6, Coral sold goods to a customer for $ 5,800 cash. Which of the following is the correct journal entry to record the cost of goods sold? Assume the perpetual inventory system is used.
a. debit Finished Goods Inventory $4,100 and credit Cost of Goods Sold $4,100
b. debit Cost of Goods Sold $4,100 and credit Work-in-Process Inventory $4,100
c. debit Work-in-Process Inventory $4,100 and credit Cost of Goods $4,100
d. debit Cost of Goods Sold $4,100 and credit Finished Goods Inventory $4,100
Answers
Answer:
The correct option is D,debit Cost of Goods Sold $4,100 and credit Finished Goods Inventory $4,100
Explanation:
The total job costs is $4,100 not $4,400 ,which then means that the cost of goods sold is $4,100.
The appropriate entry for such sale is to credit merchandise inventory since the inventory reduces due to such sale being made while cost of goods sold is debited with the same amount.
In a nutshell, the correct option is D,
a. The Marketing Department has estimated sales as follows for the remainder of the year (in units):
July
August
30,000 October
70,000
November
September 50,000
December
The selling price of the beach umbrellas is $12 per unit.
b. All sales are on account. Based on past experience, sales are collected in the following pattern:
20,000
10,000
10,000
30% in the month of sale
65% in the month following sale
5% uncollectible
Sales for June totaled $300,000.
c. The company maintains finished goods inventories equal to 15% of the following month's sales. This requ
end of June.
d. Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, th
the ending inventory of Gilden be equal to 50% of the following month's production needs. The inventory
beginning and end of the quarter will be:
Answers
The Marketing Department projects the following sales for the remaining months of the year (in units): 30,000 in July, 50,000 in August, 70,000 in September, 30,000 in October, and 10,000 in December. The remaining sales for the year will total $1,080,000 at a selling price of $12 per unit.
b. According to prior sales data, 20% of June's sales will be collected in the month of the sale, 65% of sales will be collected in the month after the sale, and 5% of sales will be uncollectible. Thus, $240,000 will be the entire amount collected in June.
c. The business keeps completed products inventories equivalent to 15% of the sales for the following month. As a result, the final completed products inventory for June will be $90,000.
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Tinsley Plastics manufactures plastic bottles used for beverages and household cleaners. The average net book value (NBV) of assets during the quarter is estimated as $510,000. If the required rate of return is 12% on average assets and the firm wants to have residual income (RI) of $101,000 for this quarter, what must its profits be?
Answers
The profits of the Tinsley Plastics to manufactures plastic bottles is $162,000.
What is profit?
A profit is defined as the monetary profit. It is particularly the difference between the amount earned, and the amount spent on purchasing, operating, or creating anything.
The formula of profit is:
\(\text{Profits} =\text{ NBV} *\times \text{Required Rate of Return + Residual Income (RI)}\)
Computation of profit:
According to the given information,
Net Book Value (NBV) = $510,000,
Rate of Return = 12%
Residual Income (RI) = $101,000
Now, apply the given values in the formal of profit,
\(\text{Profits} =\text{ NBV} *\times \text{Required Rate of Return + Residual Income (RI)}\\\\\text{Profits} = \$510,000 \times 12\% + \$101,000\\\\\text{Profits} =\$162,000\)
Therefore, the firm's profits must be $162,000.
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If M = 6,000, P = 2, and Y = 12,000, what is velocity?
a. 1/4
b. 4
c. 1
d. 2
Answers
Answer:
Velocity of money = 4
Explanation:
Given:
Money supply M = 6,000
Price level P = 2
Real GDP Y = 12,000
Find:
Velocity of money
Computation:
Velocity of money = [Price level x Real GDP] / Money supply
Velocity of money = [P x Y] / M
Velocity of money = [12,000 x 2] / 6,000
Velocity of money = [24,000] / 6,000
Velocity of money = 24 / 6
Velocity of money = 4
assume that, on january 1, 2024, matsui company paid $2,376,000 for its investment in 66,000 shares of yankee incorporated further, assume that yankee has 330,000 total shares of stock issued. the book value and fair value of yankee's identifiable net assets were both $660,000 at january 1, 2024. the following information pertains to yankee during 2024:Net income $240,000Dividends declared and paid $72,000Market price of common stock on 12/31/2024 $29/shareWhat amount would Matsui report in its year-end 2024 balance sheet for its investment in Yankee?a. $1,608,000.b. $1,368,000.c. $1,329,600.d. None of these answer choices is correct.
Answers
The answer is: C. $2,422,200
Calculations:
Percentage of holdings of Matsui in Yankee= 66000/330000= 20%
Investment in Yankee
= Amount paid for investment + Share in net income-Share in dividends= 2376000+(330000*0.20)-(99000*0.20)= $2,422,200
What is investment?
Investing is using money to buy an asset and increase its value over a period of time. Making an investment requires sacrificing your current assets such as time, money and effort.
In finance, the purpose of investment is to make a profit on the money invested. Income consists of realized gains (profits) or losses on the sale of property or investments, appreciation (or depreciation) of unrealized capital, or investment income such as dividends, interest or rental income, or a combination of capital gains and income. may occur. Returns may also include currency gains or losses due to exchange rate fluctuations.
Investors generally expect higher returns from riskier assets. Low-risk investments usually have lower returns as well. Similarly, the higher the risk, the higher the potential for large losses.
Therefore, correct option is c: $2,422,200.
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A buyer and seller have a serious disagreement regarding a defect in the swimming
pool. The buyer gives up and demands the deposit back. The seller disagrees and
demands the earnest money as liquidated damages. What should the broker do?
Answers
The broker will treat real estate as deposits as liquidated damages.
What is demand?Demand is the consumer's intention to buy a specific product or service.
The demand for a specific good on the market is known as market demand. The total demand for goods and services in the economy is known as aggregate demand. The price of an item or service is determined by how well supply and demand match. Recognizing the idea of demand.
Thus, the buyer demand for money has void.
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Diamond Boot Factory normally sells its specialty boots for $26 a pair. An offer to buy 90 boots for $22 per pair was made by an organization hosting a national event in Norfolk. The variable cost per boot is $10, and special stitching will add another $2 per pair to the cost. Determine the differential income or loss per pair of boots from selling to the organization. $fill in the blank 1 Should Diamond Boot Factory accept or reject the special offer
Answers
Answer: i would say they could accept because it seems to be pretty cheap and you would be able to decorate for 2 dollars and you can see the diff price for each boot and more.
Explanation:
pls mark brainliest
Assume that the hypothetical economy of Econoland has 10 workers in year 1, each working 2,000 hours per year (50 weeks at 40
hours per week). The total input of labor is 20,000 hours. Productivity (average real output per hour of work) is $10 per worker.
Instructions: In parts a and b, enter your answers as a whole number. In part c, round your answer to 2 decimal places.
a. What is real GDP in Econoland?
$
b. Suppose work hours rise by 1 percent to 20,200 hours per year and labor productivity rises by 4 percent to $10.40. In year 2, what
will be Econoland's real GDP?
$
c. Between year 1 and year 2, what will be Econoland's rate of economic growth?
percent
Answers
In year one, the Econoland economy has 10 workers, each working 2,000 hours per year (50 weeks at 40 hours per week).
a. $200,000
b. $210,080
c. 5.04 percent
What is GDP?Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced and sold by countries during a specific time period. Because of its complex and subjective nature, this measure is frequently revised before being considered a reliable indicator. The gross domestic product (GDP) is the monetary value of all finished goods and services produced within a country during a given time period.GDP provides an economic snapshot of a country and is used to estimate the size of an economy and its growth rate. GDP can be calculated in three ways: through expenditures, production, or income. Gross domestic product, or GDP, is a metric used to assess the health of a country's economy.To learn more about GDP, refer to:
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Alfred E. Old and Beulah A. Crane, each age 42, married on September 7,2017. Alfred and Beulah will file a joint return for 2019. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304. Alfred was divorce from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2019. In addition, in January 2019, Alfred pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788. Alfred's salary for 2019 is $150,000. He is an executive working for Cherry.Inc. (Federal I.D. No. 98-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes. Beulah recently graduated from law school and is employed by Legal Aid Society.Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives salary of $42,000 in 2019. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Alfred and Beulah had interest income of $500. They received $1,900 refund on their 2018 state income taxes. They claimed the standard deduction on their 2018 Federal income tax return. Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2019. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Alfred and Beulah have never owned or used any virtual currency, and they do not want to contribute to the Presidential Election Campaign. Compute the Old's net tax payable (or refund due) for 2019. Suggested software: ProConnect Tax Online
Answers
To compute the Olds' net tax payable (or refund due) for 2019, we need to gather all the relevant information and calculate their taxable income, apply the appropriate tax rates, deductions, and credits. Since the tax calculation involves various factors and tax laws, it would be best to use tax software such as ProConnect Tax Online or consult with a tax professional. The software will streamline the process and ensure accurate calculations based on the specific tax laws and regulations applicable to the Olds' situation.
You have closed an account due to fraudulent activity. What else should you do to BEST protect yourself?
Correct Answer
Change all of your passwords and PINs.
Do not put anything about the closing of the account in writing.
You Answered
Put a permanent credit freeze on your credit report.
Ask for a letter from TransUnion verifying that the account was closed.
CORRECT: change all of your passwords and PINs
Answers
The best course of action to protect yourself after closing an account due to fraudulent activity is to change all of your passwords and PINs associated with your accounts.
The correct action to best protect yourself after closing an account due to fraudulent activity is to change all of your passwords and PINs. This is crucial because the fraudulent activity may have compromised your account credentials, and changing your passwords and PINs helps prevent unauthorized access to your other accounts and personal information.
Putting a permanent credit freeze on your credit report can be a wise step to take, but it is not directly related to protecting yourself after closing an account due to fraudulent activity. A credit freeze restricts access to your credit report and helps prevent new accounts from being opened in your name without your consent. While it is a useful precaution against identity theft, it is not specific to the situation of closing an account.
Asking for a letter from TransUnion verifying the closure of the account may not be necessary, as the account closure itself should already be confirmed by the institution that closed the account. Additionally, requesting such a letter may not provide additional protection against potential fraudulent activity.
To summarize, the best course of action to protect yourself after closing an account due to fraudulent activity is to change all of your passwords and PINs associated with your accounts. This helps ensure that your other accounts remain secure and reduces the risk of further unauthorized access or fraudulent activity.
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Supervisors can more easily manage employees' motivation than they can their ability or the environment.
a. true
b. false
Answers
The statement is False.
Cheers!
The given statement is false.
Who are supervisors?A lower-level management position that is primarily centered on power over employees or the workplace is known as a supervisor, or lead. A professor who supervises a Ph.D. dissertation is an example of one of the most senior members of staff who can serve as a supervisor.
The supervisor's overall role exists to communicate organizational needs, oversee employees' interpretation, furnish guidance, and support, determine development needs, and manage the reciprocal relationship between staff and the association so that each exists successfully.
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Question 32
$24,800 is invested for 3 months in a savings account with a rate of 9% simple interest per year.
Find the interest.
$66,960.00
$5,580.00
$6,6960
$558.00
Answers
the___ approach to management ignored the more rational side of the worker and the important characteristics of the formal organization
Answers
Answer:
the Human Relation approach to management ignored the more rational side of the worker and the important characteristics of the formal organization
Explanation:
Which professional has helped Jennifer in this example?
Jennifer bought a new smart phone from a local store that sells electronic products. After a week, she started experiencing problems with the
phone's display screen. She went back to the store and spoke to its ___
representative, who replaced the product and
apologized for the inconvenience.
Answers
Answer:
would it be sales representative since they were only able to replace the device and apologize
Answer:
customer service
Explanation:
I'm smart and got it right on my test
Draw a graph with Goods Per Day on the vertical axis and Leisure Hours Per Day increasing from left to right on the horizontal axis. Show that a person who works can work fewer hours and increase utility when the wage rate increases.
Answers
The person's financial limitation would be represented by a curve that sloped from left to right, showing that the more free time someone has, the fewer things they can afford, and vice versa.
What does a graph with a market supply curve's vertical axis mean?In economics, the supply curve is a graphical depiction of the relationship between the price of a good and the amount of it that a seller is willing and able to supply.
What products have vertical supply curves as examples?A vertical supply curve demonstrates that the supply of a certain commodity is fixed and unaffected by price. Helium, for instance, has a limited supply, hence the market will determine its price rather than increasing supply.
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If you are the Head of H.R Department in Ali Manufacture Company and you have hire the totally fresh candidates in your company so what kind of training you will suggested; on the job training or off the job training
Answers
Answer:
on the job training
Explanation:
On the job training focuses on a more practical training, i.e. training new employees through real life situations. While off the job training is theoretical training that can be carried out somewhere else. The advantage of on the job training is that new employees encounter the same type of situations that they will face on their jobs.
What are the important differences between a "capitalist - free market" economy and a "socialist" economy? Which do you prefer for the U.S. and why?
Use personal examples to show me you understand the two economic types. Use information from the text to show me you have read and understand the concepts explained in the text.
Remember to use at least 2 paragraphs, preferably 3. A paragraph is more than two sentences. Think about this! It's okay to give me more than 3 paragraphs if you enjoy the subject.
Use at least two citations to back up your opinion. THE FIRST citation must be from the textbook NOT THE INTERNET! Show me that you read and understood the textbook. The citation can be simple. Use "quotations" around any quoted or PARAPHRASED information and place a number after the citation in parentheses. (1)
At the bottom of your text place a corresponding citation after the number in parentheses (1) showing the book and page number or URL used for the citation. Cite the textbook First before using the internet for material.
Textbook citations can be simple: (1) Understanding Business ed.13, pg. 101
Use the complete URL if using information from the internet as a secondary source: (2) https://www.forbes.com/sites/forbestechcouncil/2021/07/27/a-lesson-from-japan-real-change-is-emotional/?sh=5beb6dc9338f
Answers
Socialism relies on central planning and limits on private resource ownership, whereas capitalism is based on individual initiative and favors market forces over the intervention of the state. When given free rein, economies usually combine elements from the two systems.
Which is more capitalist or socialist in US economic policy?In the United States, capitalism has always been the dominant economic system. It is defined as an economic structure in which private parties, as opposed to the state, own and control the labor force, capital assets, and raw materials used in manufacturing.
It has increased access to education, gradually increased the value of labor, and enabled a level of economic mobility that was previously impossible. The ordinary modern person nonetheless has a far superior quality of life than their forebears from earlier times, while working significantly fewer hours and in significantly better surroundings.
Central components of a free market economy, such as private property, unrestricted foreign trade, the free interchange of goods, and the free determination of prices, are present in the social market. In contrast to what happens in a free market economy, the state takes an active role in enforcing regulations.
The labor force, raw materials, and capital goods are under the control of private enterprises in a capitalist economy. The government controls the labor force, the raw materials, and the capital goods in a socialist economy
In the US, capitalism is the dominant economic system. A market economy exists there. People, not the government, own the majority of enterprises in a capitalist society. Businesses in the US choose what products to market.
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What is the numbers of units to be produced if the firm desires to make a profit of birr 10000 assuming the fixed cost, selling price per unit & variable cost per unit are birr 50000,birr 20 & birr 10 respectively?
Answers
6000 units is the number of units to be produced if the firm desires to make a profit of birr 10000 the fixed cost, selling price per unit & variable cost per unit are birr 50000,birr 20 & birr 10 respectively.
let's assume the units to be produced by X.
then sales (20X)= variable cast (10X) + fixed cost (50000) + profit (10000)
20X = 10X + 50000 + 10000
X = 6000 units.
In accounting and economics, 'constant costs', additionally called oblique costs or overhead fees, are business expenses that are not depending on the extent of products or offerings produced with the aid of the enterprise. They have a tendency to be habitual, such as hobby or rent being paid consistently per month. these charges also have a tendency to be capital prices.
fixed expenses are charges which are independent of volume. constant costs have a tendency to be prices that might be based totally on time in preference to the quantity produced or sold via your enterprise. Examples of constant prices are rent and rent expenses, salaries, software payments, coverage, and mortgage repayments. constant price is referred to as the price that doesn't check in a change with an increase or decrease in the number of goods produced via a company. The variable value is referred to as the kind of cost as a way to display versions as in keeping with the modifications in the stages of manufacturing. Nature of fee.Learn more about fixed cost here: https://brainly.com/question/3636923
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HELP HELP HELP 10 POINTS!!!!!!!!!!!!!! PICTURE PROVIDED!!!!!
Answers
Services
Durable
What is one of the negative effects of globalization?
Answers
HP sells an inexpensive printer for an entry-level user, but the printer cartridges that need continual replacement are fairly expensive. This demonstrates the concept of ________.
A) product line pricing
B) captive pricing
C) price bundling
D) reference pricing
E) prestige pricing
Answers
Answer:
B)) captive pricing
Explanation:
From the question, we are informed about how HP sells an inexpensive printer for an entry-level user, but the printer cartridges that need continual replacement are fairly expensive. This demonstrates the concept of captive pricing. Pricing is essential in business because production process isn't complete until goods reach to the consumer. pricing strategy utilize the strategy of using advantage over a product so that large volume of customers can be drawn to patronize the product. Captive product pricing can be regarded as the pricing of goods which can be described as goods that posses a “core product” as well as number of “accessory products.”
Assume yourself as a Marketing Specialist of a Company and Determine the New Product Development Process by manufacturing a New Product for your company.
Answers
Explanation:
Assuming my company produces body care products and decides to introduce a new product–a toothbrush, the development process would involve:
1. Idea Generation:
It smbegins with an idea or imagination of what the ideal toothbrush would be, what problem would it solve for consumers. The idea could be random or it could be as a result of an identified need.
2. Idea Evaluation:
Remember, it is one thing to have an idea but another to have an idea that would work. Therefore, quality time would be taken to separate workable ideas about the ideal toothbrush from bad ones. This idea evaluation process is a very useful stage in the product development process.
3. Concept Development and Testing:
Remember, testing the concept about the new toothbrush allows for an expanded idea. The prototype of the toothbrush would be tested with consumers to find out whether the idea is worth the effort. Their feedback would be noted to improve the product further.
4. Marketing strategy
5. Final Product development
Savings plans A and B have both durations of 5 calendar years.
Savings plan A pays 5.7% annual interest, paid at the end of each year.
Savings plan B pays 5.4% annual interest, paid on monthly basis (12 times a year).
Which savings plan is preferred?
Answers
Based solely on the interest earned, Savings Plan A would be preferred over Savings Plan B.
To determine which savings plan is preferred, we can compare the total interest earned under each plan over the 5-year duration.
For Savings Plan A, the annual interest rate is 5.7%, and the interest is paid at the end of each year. Therefore, the total interest earned can be calculated using the simple interest formula: Principal x Rate x Time. Assuming a principal of $1,000, the total interest earned would be $1,000 x 0.057 x 5 = $285.
For Savings Plan B, the annual interest rate is 5.4%, and the interest is paid on a monthly basis (12 times a year). This means that the interest is compounded monthly.
Using the compound interest formula: A = P(1 + r/n)^(nt), where A is the final amount, P is the principal, r is the annual interest rate, n is the number of compounding periods per year, and t is the time in years, we can calculate the total interest earned. Assuming a principal of $1,000, the total interest earned would be $1,000 x [(1 + 0.054/12)^(12x5)] - $1,000 = $279.67.
Comparing the total interest earned, we can see that Savings Plan A yields a higher interest amount ($285) compared to Savings Plan B ($279.67).
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Despite potential benefits the disadvantages of a matrix structure include which of the following
Answers
There are different disadvantage of a matrix organizational structure. Despite potential benefits, the disadvantages of a matrix structure is that;
There seems to be a potential for interpersonal conflict with team members and also with the leaders.A matrix organizational structure A matrix organizational structure is known to be a type of struct that allows a lot of departments to quickly communicate and work together on a project.A disadvantage of a this organizational structure is that its members of a specific project team in this matrix organization structure often have a two reporting relationship, which can lead to anxiety and conflict over work set up.
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(Economics)
In an essay of at least two well-developed paragraphs, explain the global benefits of international trade and multinational corporations.
Answers
International trade refers to the exchange of goods and services across national borders. It plays a significant role in promoting economic growth and providing several global benefits.
One of the primary advantages of international trade is that it allows countries to specialize in producing goods and services in which they have a comparative advantage. This means that countries can focus on producing goods that they can produce more efficiently and at a lower cost compared to other countries. As a result, resources are allocated more efficiently, leading to increased productivity and higher standards of living.Furthermore, international trade enables countries to access a wider variety of goods and services that may not be available domestically. This increases consumer choices and provides opportunities for individuals to enjoy a higher quality of life. For example, consumers in a landlocked country can still enjoy fresh seafood by importing it from coastal countries. Similarly, individuals in colder climates can purchase tropical fruits from countries where they are grown.Multinational corporations (MNCs) also contribute to the global benefits of international trade. These are companies that operate in multiple countries, with business activities ranging from production to distribution. MNCs play a crucial role in facilitating international trade by establishing global supply chains, investing in foreign markets, and creating jobs. They bring capital, technology, and managerial expertise to host countries, which can lead to economic development and improved living standards.Moreover, MNCs often engage in research and development (R&D) activities, driving innovation and technological advancements. This can have far-reaching benefits for both the host country and the global economy. For instance, a multinational pharmaceutical company conducting R&D in a developing country may discover new drugs or medical treatments that can benefit people worldwide.In conclusion, international trade and multinational corporations provide numerous global benefits. They promote specialization, resource allocation efficiency, and access to a wider variety of goods and services. Additionally, MNCs contribute to economic development, job creation, innovation, and technological advancements. Overall, international trade and MNCs play a crucial role in fostering economic growth and improving the well-being of individuals and nations around the world.
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2. For part (h), which two accounts are affected? Question 2 options: Fees Earned and Cash Wages Expense and Cash Accounts Payable and Cash Rent Expense and Cash
Answers
For part h. the wages expense and cash account will be affected. According to the question part h includes paid wages of $6,250, this transaction involves wages expense and cash accounts.
Hence, option b. Wages Expense and Cash, is the correct answer.
The term "wages" mean?A wage is money paid to an employee by their employer for labour completed over a predetermined amount of time. Wage payments include remunerative payments like rewards and tip payouts as well as compensation payments like minimum wage, prevailing wage, and annual bonuses.
What Kinds of Payments Are Examples of Wages?Say you have a worker who earns $20 per hour. They worked a total of 80 hours throughout a two-week pay period. The 20 dollar rate times 80 hours equals $1600, which is the entire amount of earnings they have earned.
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If the amount produced of each good in the economy = the amount consumed. What is the GDP in 2023 if CPI 2020 = -1.0% and CPI 2023= 7.8%
Answers
The information provided in the question is not sufficient to directly calculate the GDP in 2023. However, we can provide some general information about the relationship between GDP and CPI.
GDP, or Gross Domestic Product, is a measure of the total value of goods and services produced within a country's borders in a specific period, usually a year. It includes all final goods and services produced for consumption, investment, and government spending.
CPI, or Consumer Price Index, is a measure of the average change over time in the prices paid by urban consumers for a basket of goods and services. It is often used as a measure of inflation, which is the rate at which the general level of prices for goods and services is rising.
The relationship between GDP and CPI is complex and depends on various factors, including the composition of the basket of goods and services used to calculate CPI, the level of productivity in the economy, and the overall level of demand and supply.
However, one general observation is that a higher CPI may indicate higher prices for goods and services, which may lead to an increase in nominal GDP (i.e., GDP measured in current prices). However, if the increase in prices is due to inflationary pressures and not due to a real increase in output, the increase in nominal GDP may not reflect an increase in real economic activity.
In summary, without more information about the composition of the basket of goods and services, the level of productivity, and other factors that affect GDP and CPI, we cannot directly calculate the GDP in 2023 based on the given information.