It is true that a bond will sell at premium when its required return rises above the coupon interest rate.
What is a bond?A bond is a debt instrument issued by a company, government, or other entity to raise capital. When an investor buys a bond, they are lending money to the issuer in exchange for periodic interest payments, known as coupon payments. At the end of the bond's term, the issuer must pay back the face value of the bond, which is known as the principal. The price of a bond can fluctuate in the market, but the interest rate and principal value are fixed, making bonds a relatively low-risk investment option. The risk of default by the issuer, however, can affect the value of the bond, and bondholders may not recoup their entire investment if the issuer is unable to repay the bond.
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Net Purchases + Purchases Returns and Allowances + Purchase Discounts equals:
O A. Gross Profit.
OB. Gross Purchases.
O C. Net Income.
OD. Net Loss.
Answer:
OB. Gross Purchases.
Explanation:
Gross purchases represent all the purchases a business made in a particular period. It includes returns outwards ( purchases returns), discounts and allowances received.
Net purchases are calculated by subtracting purchase returns, discounts received, and allowances from gross purchases.
Therefore, Net Purchases + Purchases Returns and Allowances + Purchase Discounts= gross purchases.
What is one of the key goals of unions?
A: to encourage more workers to form unions
B: to ensure that employers heed environmental laws
C: to get wage increases for their members
D: to engage in featherbedding
Answer:
l think to encourage more workers to form unions
Explanation:
please follow me
Answer: C
Explanation:
would you be willing at accept a lower salary in exchange for ownership (common stock) in the company you are working for? what are things you would consider in making your decision?
As an artificial intelligence language model, I don't work for any company, so I don't have the option of accepting a lower salary in exchange for ownership in a company.
Generally, it depends on individual preferences and circumstances whether someone would be willing to accept a lower salary in exchange for ownership in the company they are working for. Some things to consider in making this decision may include:
Potential for Future Profits: If the company has a high potential for future profits, then owning a portion of the company through common stock could lead to significant financial gains in the future.
Job Security: If the company is stable and has a good track record of success, then owning a portion of the company could provide greater job security, as the success of the company would also benefit the employee as a shareholder.
Risks and Rewards: Investing in common stock comes with certain risks, such as the possibility of the stock price declining, which could result in financial losses. On the other hand, if the stock price increases, the employee could reap significant financial rewards.
Ultimately, whether or not an individual would be willing to accept a lower salary in exchange for ownership in the company they are working for depends on their individual financial goals and circumstances, as well as the company's potential for success and financial stability.
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problem 6-42 calculating loan payments [lo2] you need a 30-year, fixed-rate mortgage to buy a new home for $250,000. your mortgage bank will lend you the money at an apr of 5.45 percent for this 360-month loan. however, you can afford monthly payments of only $900, so you offer to pay off any remaining loan balance at the end of the loan in the form of a single balloon payment. how large will this balloon payment have to be for you to keep your monthly payments at $900? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The required balloon payment would need to be approximately $1,670.42 to keep the monthly payments at $900.
To give an exact response, the data from Figure 14-13 is expected to investigate the expense bends and decide the connection among cost and financial benefits. Tragically, as a text-based computer based intelligence, I don't approach visual substance. Notwithstanding, I can give an overall clarification of the situations:
Assuming the cost is $2 in the short run, the result over the long haul relies upon the connection between that cost and the association's typical all out costs (ATC) and normal variable expenses (AVC):
a. Assuming the cost is equivalent to the association's ATC, the firm will acquire no monetary benefits in the short run, and there will be no impetus for firms to enter or leave the business. Subsequently, choice a could be the right response.
b. Assuming the cost surpasses the association's ATC, the firm will acquire positive monetary benefits in the short run, which might captivate different firms to enter the business. This would prompt expanded rivalry and possibly drive down costs over the long haul.
c. Assuming the cost is beneath the association's ATC however over its AVC, the firm will procure negative financial benefits in the short run. This could make a few firms leave the business, diminishing rivalry and possibly prompting more exorbitant costs over the long haul.
d. Assuming the cost falls underneath the company's AVC, the firm will cause misfortunes in the short run and may decide to close down over the long haul in the event that it can't take care of its variable expenses.
Without the particular expense bends and their relationship to the given value, deciding the exact outcome is testing.
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5) Si tuvieras que hacer un presupuesto de Ingresos y uno de Gastos ¿Cuál harías primero y que te sirva de base para hacer el otro? Explica tu respuesta
Answer:
Si tuviese que hacer un presupuesto de ingresos y uno de gastos, primero haría el de ingresos. Así, podría tener en cuenta la cantidad de dinero que mes a mes ingresa en mi patrimonio y de esta manera organizar mis gastos teniendo en cuenta no gastar mas dinero del que gano mensualmente.
Si, en cambio, organizara mis gastos antes que mis ingresos, me vería limitado posteriormente a realizar algunos gastos dado que no habría contemplado mi liquidez financiera mensual.
What is typically considered part of SG&A? 2 answers
O factory costs
O billing costs
commissions
O wages payable
O materials costs
The factory costs are typically considered part of SG&A. It was the part of the SG&A. Thus, option (a) is correct.
What is costs?
The term costs refer to the actual money are spent on the manufacturing of the product. The product are manufacture to spend on money are raw material, transportation, wages, salary, and other expenses add. The all expenses are added to identify the cost.
The SG&A stands for the selling, general and administrative expenses. The factory costs are normally included in the SG&A. So many expenses are included, including sales promotion (advertising), marketing, rent, staff salaries, management, and the accounting department.
As a result, the factory costs are typically considered part of SG&A. It was the part of the SG&A. Therefore, option (a) is correct.
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In which market would a producer sell bicycles to consumers?
In the markets for goods and services, a producer would sell his bike for purchase by customers.
What is the market for goods and services?Consumers buy consumables on the products and services market, and firms sell their commodities there. The market encompasses physical stores, the Internet, and any other location where consumers can exchange products and services.
The trading of finished goods takes place here. Businesses receive payment from customers in exchange for goods. The consumer gives money to the business in a flow. In contrast to this, enterprises can buy the materials they need on the factor market to make an item.
The rule of supply and demand governs how much is produced and at what price in the market for products and services.
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Why do internal economies of scale lead to imperfectly competitive​ industries? A. Patent laws prevent firms from entering the market. B. Large firms have cost advantages over small firms. C. This is an observation based on measurable data. D. There are barriers to entry due to large fixed costs.
Internal economies of scale lead to imperfectly competitive industries because large firms have cost advantages over small firms, so the correct answer is B.
Economy of scale is the economic advantage that is realized by operating on a larger scale. In general, the average cost per unit of output decreases with increasing scale because fixed costs are spread over more units of output. Operational efficiency is also often greater with increasing scale, which in turn leads to lower variable costs.
When an industry is characterized by economies of scale, it can lead to a monopoly or oligopoly. Only large companies can then produce economically, which means that the barriers to entry for new market players are high.
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In general, learning objectives
a. are made up of tables, charts, and graphs for analyzing.
b. contain quizzes and exercises for students to work through.
c. summarize the most important ideas in the chapter at the end.
d. are the main ideas you can expect to learn from reading the chapter.
In general, learning objectives at the end of a chapter summarise its key points.
What is the meaning of the learning objective?With the aid of a student learning objective, a teacher is able to measure their effect on students' achievement as it relates to a certain academic or elective criterion.
Effective learning requires the presence of learning objectives, also referred to as learning outcomes. They aid in articulating what the students should be able to perform after the instruction, which helps to create more successful lesson plans, activities, and evaluations.
Learning objectives are declarations that detail important knowledge that students have acquired and may credibly demonstrate at the conclusion of a course or programme. In other words, learning objectives specify what the student will be aware of and capable of performing at the conclusion of a course or programme.
Therefore, the correct answer is option c. summarize the most important ideas in the chapter at the end.
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ski incorporated owns 30 percent of snow incorporated, both of which are domestic c corporations. snow pays ski a dividend of $20,000 in 2022. what is the amount of ski's dividend's received deduction, assuming the taxable income limitation does not apply?
This point is also known as the point of minimum efficient scale.
What is efficient scale?Efficient scale is the concept of achieving output levels of production at the lowest cost possible. It involves using the optimal combination of resources and materials to maximize production efficiency. This includes the amount of labor, the number of machines, and the type of materials used. By achieving efficient scale, companies can reduce costs and increase profits, while still providing consumers with the products they need. Additionally, efficient scale can lead to greater sustainability in both production and consumption, as it reduces waste and energy consumption.
At this point, the firm will be producing the lowest possible cost per unit of output, as the marginal cost of production is equal to the average total cost. This will maximize the firm's profits in the short-run.
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5. What is the impact of the Online Funds Transfer - From Savings that
appears on John's statement?
John's Savings account balance declined by $50 and his Checking account balance
increased by $50
John's Savings account balance increased by $50 and his Checking account balance
declined by $50
John's Savings account balance had no change and his Checking account balance
declined by $50
John's Savings account balance increased by $50 and his Checking account balance
had no change
The correct statement that describes the impact of the Online Funds Transfer - From Savings on John's statement is:
John's Savings account balance declined by $50 and his Checking account balance increased by $50.
This means that $50 was transferred from John's Savings account to his Checking account through an online funds transfer. As a result, the balance in John's Savings account decreased by $50, indicating a reduction in the amount of money he has saved. Conversely, the balance in John's Checking account increased by $50, reflecting the additional funds transferred into the account. This transaction represents a transfer of funds between the two accounts, resulting in a decrease in savings and an increase in checking.
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A _____ is a broad group of people or organizations that has wants and needs that can be satisfied by a general product category, has the ability to purchase the product and is willing to exchange resources for the product. An example would be all the families with new babies who need to buy a crib, have the money for a crib and are willing to spend the money necessary to buy a crib.
Answer:
market
Explanation:
80% of people starting a business use their own personal savings. What is the advantage to this strategy versus using bank loans and credit cards? A. You control how the money is spent B. You will not pay interest on the capital. C. You do not have any risk of losing your money.
An advantage of using personal savings instead of bank loans and credit cards is you will not pay interest on the capital. (option B)
What is personal savings?Personal savings is the wealth that a person has accumulated over a period of time. When a person uses his personal savings to start a business, the person would not have to pay interest on the money used in the business because the funds used belongs to the person.
Banks loans and credit cards are subject to interest payment over the duration of the loan. Interest would increase the cost of starting the business. Funds that are gotten either from bank loans or personal savings can be lost if the business is not successful. Also, three is an opportunity cost associated in using the funds for starting a business. Opportunity cost is the cost of the next best option forgone when one option is chosen over other options.
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if i get 16 brainlest ill give u guys 136 points
Answer:
you get brainlyist by answering questions. not making them
Answer:
ill give u brainlest tete
Explanation:
Will you now, or in the future, require sponsorship for employment visa status from walmart?.
This question will typically be answered “yes” by international students since you will need sponsorship to continue working after your work authorization through your student visa expires.
“Employment sponsorship” is when a corporation “sponsors” or affords a few financial or legal backing to allow an person to do some thing: most typically, achieve an employment visa.
Walmart and Sam's club are committed to complying fully with the Immigration Reform and Management Act (IRCA). Walmart and Sam's membership can provide sponsorship for work visas and legal permanent residence for sure professional or specialized management positions.
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how does increase demand for a product help lower its price to consumers?
Answer:
The four basic laws of supply and demand are: If demand increases and supply remains unchanged, then it leads to higher equilibrium price and higher quantity. If demand decreases and supply remains unchanged, then it leads to lower equilibrium price and lower quantity.
Your father obtained a car loan payable in lump sum in 5 years at a total amount of P800,000 with an annual rate of 15%. What is the present value?
Answer:
the present value is $397,741.39
Explanation:
The computation of the present value is shown below
As we know that
Present value = Future value ÷ (1 + rate of interest)^years
= 800,000 ÷ (1 + 0.15)^5
= 800,000 ÷ 1.15^5
= $397,741.39
Hence, the present value is $397,741.39
A local bank’s advertising reads: "Give us $50,000 today, and we’ll pay you $800 every year forever." If you plan to live forever, what annual interest rate will you earn on your deposit?1.92%1.60%2.56%2.24%
Answer:
The correct response is Option b (1.60%).
Explanation:
According to the question,
Initial investment,
= $50,000
Perpetual annual cash flows,
= $800
Now,
The interest rate will be:
= \(\frac{Perpetual \ annul \ cash \ flows}{Initial \ investment}\)
On substituting the given values, we get
= \(\frac{800}{50,000}\)
= \(0.016\)
i.e.,
= \(1.60 \ percent\)
How much faster will a mortgage pool with a psa of 150 be prepaid as compared to the benchmark?
150 PSA means 1.5 times the speed of the PSA benchmark.
Variations of the model are expressed in percentage, one hundred fifty PSA means a monthly growth of zero.three% inside the annualized prepayment price, till the height of 9% is reached after months.
A degree developed by using the Bond marketplace association that research the fee of prepayment of mortgage loans. The version represents an assumed price of prepayment every month of the then-unpaid major balance of a pool of mortgages.
The general public Securities affiliation prepayment benchmark is expressed as a month-to-month collection of annual prepayment quotes. This benchmark is typically referred to as a prepayment version, suggesting that it may be used to estimate prepayment.
Prepayment is the paydown of the most important of a loan pass-via in a given month that exceeds the quantity of its scheduled amortization for that month. The fee of prepayment is, consequently, the excess paydown in a given month as a percent of the super essential stability at the start of the month.
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Can someone please help me with this
Assignment 4R
(20 points)
Assignment 4R: Career Development
Instructions
Save this file in your course folder, and name it with Assignment, the assignment letter, the section number, and your first initial and last name. For example, Jessie Robinson's assignment 1R for Section 1 would be named Assignment1RJRobinson.
Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress.
Review Lesson 4 of the Course Overview for instructions about turning in your assignments.
Assignment Questions
In Section 4, you learned about career development. Now, you'll apply what you learned.
1. Describe an example of a task that it might make sense for a company to outsource. (1-2 sentences. 2.0 points)
2. Describe three things that you think are important for a company to include in its personnel policies. (1-3 sentences. 1.5 points)
3. Describe at least three pieces of information you would include when writing a job description. (1-3 sentences. 1.5 points)
4. Describe two methods you would use to find potential employees if you were in charge of advertising a job for a company. Explain why you would use these methods for advertising the job. (1-2 sentences. 3.0 points)
5. Describe at least two methods you would use to identify job opportunities if you were looking for a job. Explain why you would use these methods for job seeking. (1-2 sentences. 3.0 points)
6. Write your answers to at least three of the Lesson 2 questions on the What You Want from Your Life page. (1-3 sentences. 3.0 points)
TIP: Separately, you can write out a vision statement for yourself. Since it's personal, you don't have to turn in your vision statement, but you should turn in your answers to at least three of the questions about what you want from your life.
7. Describe a career you would like to have, and explain how you could get started and then advance in that career. (1-3 sentences. 3.0 points)
8. Which part of the online job application was easiest for you to complete? Which section was the most difficult? Give at least one example of work experience, education, or special skills that you included in the application. (2-5 sentences. 3.0 points) CAUTION: To protect your privacy, make sure you don't list the names of specific places where you've worked or gone to school.
Answer:
1. Describe an example of a task that it might make sense for a company to outsource. (1-2 sentences. 2.0 points)
Customer support, also known as phone support, is the best example of a task that makes a lot of sense to outsource in a corporation. Even if the costs can be large, there are several parts where hiring, having office space and training, and paying taxes on support representatives are not. It makes sense because it is the most effective way to outsource a business to provide a better service to the customer..2. Describe three things that you think are important for a company to include in its personnel policies. (1-3 sentences. 1.5 points)
Human resources professionals are responsible for keeping personnel policies for the organizations for which they operate up to date. These policies regulate how a company is run, from recruiting and firing to sexual harassment and other types of workplace discrimination.New workers are given personnel policies to study, and they are often asked to sign a statement stating that they have reviewed and understand the policies. Policies and processes differ from one organization to the next, but some elements are shared.3. Describe at least three pieces of information you would include when writing a job description. (1-3 sentences. 1.5 points)
Where they live, where they came from, and who to contact if anything bad happens are all mentioned under the heading details.Workplace Environment: Be aware of what is going on around you and ensure that it is secure for employees.They should have three or four skills: Being willing to complete the job that has been assigned to them.4. Describe two methods you would use to find potential employees if you were in charge of advertising a job for a company. Explain why you would use these methods for advertising the job. (1-2 sentences. 3.0 points)
I would recruit for attitude and then train for skills using employee referral systems. When it comes to hiring, the employees can be a reliable source of information. They have acquaintances and colleagues who work in the same area. Create a policy that allows employees to refer qualified applicants for open positions within the organization. Since skills can be learned, a smart recruiter can look for attitude when hiring workers. The best applicant should have a positive attitude about a job that requires the necessary skills, which is difficult to come by in most cases. As a recruiter, the approach to use here is to find someone who has a good attitude about a work advertisement.rosa company produced 1,000 defective phones due to a production error. the phones had cost $60,000 to produce. a salvage company will buy the defective phones as scrap for $30,000. it would cost rosa $80,000 to rework the phones. if the phones are reworked, rosa could sell them for $120,000. (a) prepare a scrap or rework analysis of income effects. (b) should rosa scrap or rework the phones?
The company should rework the phones since there is net incremental in income if it reworks
Steps-
Revenue - $33,000 Scrap- $140,000
Rework costs $0 Scrap - $82,000
Income $33,000 Scrap- $58,000
Net incremental Income (58800-33000) $25,000
Note:
The cost of $ 63000 for producing the cell phones is a sunk (unavoidable) cost and hence is not relevant.
b)
The company should rework the phones since there is net incremental in income if it reworks.
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Which student organization helps students with career development by having them become interns to sponsor conferences
A. BPA
B. HOSA
C. FCCLA
D. Skills USA
Answer:
BPA
Explanation:
I just took the test and that is the answer.
BPA is the student organization helps students with career development by having them become interns to sponsor conference. Hence, option A is correct.
What is meant by BPA in student organization?BPA Worldwide, a company established in the US, provides unbiased, impartial analyses of audience claims made by business-to-business and consumer media and events.
To aid in the development of cross-cultural professionals, Business Professionals of America's purpose is to advance leadership, civic involvement, academic excellence, and technological competence.
The four points of the BPA shield represent poise, ambition, leadership, and sociability. The shield itself stands for respect, honour, and the importance of trade to America. Citizenship, competence, dependability, devotion, and education are represented by the stripes.
Thus, option A is correct.
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Brislin Company has four operating divisions. During the first quarter of 2022, the company reported aggregate income from operations of $213,000 and the following divisional results.
Division I II III IV Sales $250,000 $200,000 $500,000 $450,000 Cost of goods sold 200,000 192,000 300,000 250,000 Selling and administrative expenses 75,000 60,000 60,000 50,000 Income (loss) from operations $ (25,000) $ (52,000) $140,000 $150,000 Analysis reveals the following percentages of variable costs in each division.
I II III IV Cost of goods sold 70 % 90 % 80 % 75 % Selling and administrative expenses 40 60 50 60 Discontinuance of any division would save 50% of the fixed costs and expenses for that division.
Top management is very concerned about the unprofitable divisions (I and II). Consensus is that one or both of the divisions should be discontinued.
Prepare an incremental analysis concerning the possible discontinuance of Division I. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Continue Eliminate Net Income
Increase (Decrease) Contribution margin Fixed costs Cost of goods sold Selling and administrative Total fixed expenses Income (loss) from operations
In order to eliminate the division I of the Brislin company, we need to evaluate the net income which will be affected by this decision.
The contribution margin of Division I will be reduced to zero if it is eliminated. The contribution margin of Division I is $25,000 and it will be reduced by eliminating it.Fixed Cost:The fixed cost of Division I is $30,000. It will be saved if Division I is eliminated. The total fixed cost of the company will be reduced to $170,000 by eliminating Division I. Cost of goods sold:The cost of goods sold is variable cost. By eliminating Division I, the company will save 70% of the cost of goods sold of Division I which is $140,000 x 70% = $98,000.Selling and administrative expenses:The selling and administrative expenses are also variable costs. By eliminating Division I, the company will save $75,000 x 40% = $30,000.
Therefore, the incremental net income of eliminating Division I of Brislin Company will be $(5,000). Therefore, the elimination of Division I is not a good idea for Brislin Company.
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What is the largest credit union in Illinois?
The largest credit union in Illinois is Alliant Credit Union. As of 2021, Alliant Credit Union is headquartered in Chicago, Illinois and serves over 400,000 members throughout the state.
A credit union is a non-profit financial institution that is owned and controlled by its members. Members of a credit union share a common bond, such as living in the same community or working for the same employer. Credit unions offer a wide range of financial services, including savings accounts, checking accounts, loans, and credit cards.
Alliant Credit Union is a full-service financial institution that offers a wide range of products and services to its members. It offers checking and savings accounts, credit cards, loans, and investment services. The credit union also offers online and mobile banking services, as well as access to a network of surcharge-free ATMs and shared branches throughout Illinois and the United States.
Alliant Credit Union is also known for its competitive rates and low fees. It offers free checking accounts with no minimum balance requirements and no monthly maintenance fees. Additionally, its credit card and loan rates are often lower than those offered by traditional banks.
Alliant Credit Union also offers a number of financial education resources and programs, including financial counselling and education, to help its members manage their finances and reach their financial goals.
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Describe the branding strategies used by Hormel and how Justin's products fit into the Hormel product line.
The branding Strategy that was used by Hormel is known as the multi product branding.
What is branding?It should be noted that branding simply means the process of creating a strong, positive perception of a company.
In this case, the branding srategy that was used by Hormel is known as the multi product branding.
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Last month, Tech Industries sold its product for $50 per unit. Fixed production costs were $25,000, and variable production costs amounted to $10.50 per unit. Fixed selling and administrative costs totaled $15,000, and variable selling and administrative costs amount to $2.00 per unit. Tech Industries produced and sold 5,000 units last month.
Answer:
Operating profit = $147,500
Explanation:
Missing question is "What is the total operating profit?
Operating profit = Sale unit(Selling price - Variable Cost) - Fixed expenses
Operating profit = 5,000 * ($50 - $10.50 - $2.00) - $25,000 - $15,000
Operating profit = 5,000*$37.5 - $40,000
Operating profit = $187,500 - $40,000
Operating profit = $147,500
1. Which of the following does the Occupational Safety and Health Administration (OSHA) require companies to do to help keep employees safe?
A. Hire safety hazard officers" to help protect employees
B. Call the police whenever an accident occurs
C. Train employees how
to respond when an accident occurs
D. Provide accident insurance in case employees get hurt while working
The Occupational Safety and Health Administration (OSHA) requires companies to train employees how to respond when an accident occurs in order to help keep employees safe.
Explain about the term OSHA?The Occupational Safety and Health Administration (OSHA) is a regulatory agency of the United States Department of Labor that is responsible for ensuring safe and healthy working conditions for employees in the workplace. OSHA was established in 1970, with the goal of reducing the number of workplace injuries, illnesses, and fatalities through the enforcement of workplace safety and health standards, as well as by providing education and outreach programs to employers and workers.
One of OSHA's primary functions is to establish and enforce workplace safety and health standards that employers are required to follow. These standards cover a wide range of topics, such as electrical safety, fall protection, hazardous materials, and personal protective equipment. Employers are required to identify and address workplace hazards, train employees on safe work practices, and maintain records of workplace injuries and illnesses.
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Whereas productions are documents a student prepares especially for a portfolio, _____ represent a teacher's documentation of a student's progress, such as through notes or progress reports
Whereas productions are documents a student prepares especially for a portfolio, attestation represent a teacher's documentation of a student's progress, such as through notes or progress reports.
What is an attestation?Attestation is a statement that something exists or is true.
Attestations are records of a student's progress kept by a teacher or other responsible person. An instructor might, for example, write evaluation notes regarding a student's oral presentation and keep them in the portfolio.
Thus, the correct option is attestation.
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What does an environmental management technician do?.
Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer for a local start-up company.What amount of child and dependent care credit can Julie claim in each of the following alternative scenarios? Exhibit 8-9a. Julie paid $2,400 to the day care center and her AGI is $50,000 (all salary).b. Julie paid $6,000 to the day care center and her AGI is $50,000 (all salary).c. Julie paid $5,000 to the day care center and her AGI is $25,000 (all salary).d. Julie paid $2,400 to the day care center and her AGI is $14,000 (all salary).e. Julie paid $5,000 to the day care center and her AGI is $14,000 ($2,400 salary and $11,600 unearned income).
Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer for a local start-up company.
Julie can claim the following amount of child and dependent care credit in each of the following alternative scenarios:
Exhibit 8-9a: Julie paid $2,400 to the day care center and her AGI is $50,000 (all salary). Julie can claim a maximum credit of $480, or 20% of $2,400.
Exhibit 8-9b: Julie paid $6,000 to the day care center and her AGI is $50,000 (all salary). Julie can claim a maximum credit of $600, or 20% of $6,000.
Exhibit 8-9c: Julie paid $5,000 to the day care center and her AGI is $25,000 (all salary). Julie can claim a maximum credit of $1,000, or 20% of $5,000.
Exhibit 8-9d: Julie paid $2,400 to the day care center and her AGI is $14,000 (all salary). Julie can claim a maximum credit of $480, or 20% of $2,400.
Exhibit 8-9e: Julie paid $5,000 to the day care center and her AGI is $14,000 ($2,400 salary and $11,600 unearned income). Julie can claim a maximum credit of $800, or 20% of $5,000.
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