If a deposit of $1,000 earns the following interest rates: 8 percent in the first year 7 percent in the second year, and 8 percent in the third year. The third-year future value is $1,248.05.
Given that a deposit of $1,000 earns the following interest rates: 8 percent in the first year 7 percent in the second year, and 8 percent in the third year. The task is to calculate the third-year future value.
The deposit amount is given = $1,000.
Interest rate in the first year = 8%.
Interest rate in the second year = 7%.
Interest rate in the third year = 8%.
Now, we need to calculate the Future value of $1,000 after 3 years using the following formula:
Future value = Present value x (1 + rate)ⁿ
where, Present value = $1,000
Rate = Interest rate/100
n = number of years
Future value after 1 year = $1,000 x (1 + 8/100) = $1,080
Future value after 2 years = $1,080 x (1 + 7/100) = $1,156.4 (approx)
Future value after 3 years = $1,156.4 x (1 + 8/100) = $1,248.05 (approx)
Therefore, the third-year future value is $1,248.05.
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The price of mangoes is currently $5.00 per pound. At this price, producers are supplying 4,000 pounds of mangoes. Point C on the graph shows the current equilibrium price and quantity. To which point will the equilibrium shift if the demand increases suddenly because of a non-price determinan
t of demand?
Answer:
yes
Explanation:
Answer:
Point "B"
Explanation:
The following rule of thumb is to follow your equilibrium point. D2 "Demand Curve 2" and S1 "Supply Curve 1" illustrates how demand increases because of a non-price determinant.
Executive orders 12674 and 12731 form the foundation policy on the ethical conduct of Federal Employees
Answer: a. Making authorized commitments
Explanation:
Executive Orders 12674 and 12731 (which amended 12674) of 1989 and 1990 respectively, were signed by President Bush with the purpose of setting forth the principles of ethical conduct that were required of Federal Government Officers and Employees.
These principles were meant to ensure that government officials and employees abstained from Abuse of power whilst working in such a way as not to bring disrepute to the Federal Government.
All of the above are violations of the Order except option A which is stated in Part I Section 101 (f) of Executive Order 12674. It reads that, "Employees shall make no unauthorized statements..." thus insinuating that employees are allowed to make Authorized statements.
The options given are violations of these Executive Orders except A. Making authorized commitments.
It should be noted that executive orders 12674 and 12731 form the foundation policy on the ethical conduct of Federal Employees. They're simply used to guide the way that Federal workers behave.
The violations of the Acts include using public office for private gain, giving preferential treatment to any person or organization, and defrauding the government.
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which type of data would be the best choice for burger king fast-food restaurants if the headquarters wants to know how many french fries versus packages of apple slices it has sold in past years?
The best choice of data for Burger King fast-food restaurants, if the headquarters wants to know the number of French fries versus packages of apple slices sold in past years, would be sales transaction data or point-of-sale (POS) data.
Sales transaction data captured through the POS system provides detailed information about individual purchases made by customers, including the specific items and quantities sold. By analyzing this data, Burger King's headquarters can extract insights into the number of French fries and packages of apple slices sold over past years.
The sales transaction data typically includes information such as the date and time of each transaction, the items purchased, the quantity of each item, and the total amount paid. By filtering the data based on the specific items of interest (French fries and apple slices), Burger King's headquarters can calculate the respective quantities sold for each item and analyze the trends or patterns over time.
Analyzing sales transaction data allows Burger King to understand the popularity and demand for French fries versus apple slices, identify any seasonality or fluctuations in sales, evaluate the impact of promotional activities or menu changes, and make data-driven decisions to optimize their product offerings and sales strategies.
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In what ways does IKEA participate in strategic alliances? 2- What non-equity alliances have shown success? 3- How do these partnerships relate to maintaining IKEA's competitive advantage as the world's largest furniture retailer? As you have learned about CSR- Corporate Social Responsibility and firm value creation earlier in the course, answer the following questions: 4- Define what constitutes success for IKEA and success for the nonprofit partner. 5- What resources and capabilities does each party bring to the alliance? Refer to Exhibit 9.4- How to Make Alliances Work to consider which of these governance considerations would be most relevant to this particular type of non-equity alliance. 6- With M&A in mind, find out if IKEA has acquired other companies in the past ten years? Explain why IKEA has decided to acquire other companies. Does the acquisition bring a Competitive Advantage to IKEA? Explain how
1) IKEA participates in strategic alliances through collaborations with suppliers, designers, and other industry partners to enhance its product offerings, expand its market reach, and improve operational efficiency.
2) Non-equity alliances that have shown success for IKEA include partnerships with NGOs, social enterprises, and other organizations for initiatives related to sustainability, community development, and social impact.
3) These partnerships contribute to maintaining IKEA's competitive advantage by aligning with the company's values and mission, enhancing its brand reputation, and addressing social and environmental challenges that are important to customers and stakeholders.
4) Success for IKEA in these alliances involves achieving sustainability goals, fostering positive social impact, and enhancing the company's brand image. Success for the nonprofit partner includes receiving support and resources to fulfill their mission and creating meaningful change in the communities they serve.
5) In alliances, IKEA brings its global brand recognition, extensive supply chain network, design expertise, and financial resources. Nonprofit partners contribute their knowledge of social and environmental issues, community relationships, and specialized expertise in areas of focus.
6) IKEA has made acquisitions in the past ten years, such as the acquisition of TaskRabbit in 2017, a platform for on-demand services. Acquisitions allow IKEA to expand its service offerings, integrate new technologies, and enhance customer experience. These acquisitions can bring a competitive advantage by providing additional capabilities and diversifying revenue streams.
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HELP PLEASE!
1. The Inca civilization's city of Machu Pichu is an example of...
exceptional creative skills
exceptional political skills
exceptional engineering skills
exceptional life skills
2. Before you start practicing as an architect, you must first be certified through:
the NCAA (the National College Athletics Association)
the NWAC (the Northwest Accreditation Committee)
the NCARB (the National Council of Architectural Registration Boards)
the ITSE (the International Technology Symposium of Engineers)
3. Some warehouses and factories may utilize the services of:
an artist
a digital animator
an architect
a meteorologist
4. Ancient architects have used the principles of design to build which of the following?
Homes
Public spaces
Temples & religious spaces
All of the answer choices are correct
5. When researching which career that interests you the most, why is it important to also consider the projected growth of the profession?
It reveals who your competition might be.
It reveals the possible number of jobs that will be available in the field.
It directly relates to how many professional friends you will be making in the future.
Projected growth has no relevance in today's society.
6. An architect will create a design taking into account which factors?
Type of software used to create the architectural design
The quality of paper on which the design is printed
The specific color codes used to indicate the structures in the local area
None of the answer choices are correct
7. Architectural firms bid on what type of projects?
Land excavation projects
Land reclamation projects
Urban space beautification projects
Government and private projects
8. To be an effective City Planner, you must have the ability to work with:
others as well as independently
both structural and mechanical engineers
water quality specialists and pollution controllers
Interior design firms and Urban Planners
9. The structures that a structural engineer designs and builds must take into account which of the following?
Weather
Traffic
Changes in temperature in the structure
All of the answer choices are correct
10. A city planner is responsible for developing effective plans for the development and use of land in which of the following places?
Urban regions
Metroplexes
Small Towns
All of the answer choices are correct
If M = 10,000, P = 2, and Y = 20,000, then velocity =
Select one:
a. 8. Velocity will rise if money changes hands less frequently.
b. 8. Velocity will rise if money changes hands more frequently.
c. 4. Velocity will rise if money changes hands less frequently.
d. 4. Velocity will rise if money changes hands more frequently.
The correct answer is c. The equation of exchange in macroeconomics is MV = PY, where M is the money supply, V is the velocity of money, P is the price level, and Y is real GDP. By rearranging the equation, we can solve for velocity: V = PY/M.
Using the given values, we can calculate velocity as follows: V = (2 x 20,000)/10,000 = 4.
Therefore, the correct answer is c. Velocity will rise if money changes hands less frequently. This is because velocity is inversely related to the amount of time it takes for money to change hands. In other words, if money changes hands less frequently, then velocity will be lower, and if money changes hands more frequently, then velocity will be higher.
An increase in velocity means that the same amount of money is being used to purchase more goods and services, which can lead to inflationary pressures. Conversely, a decrease in velocity means that the same amount of money is being used to purchase fewer goods and services, which can lead to deflationary pressures.
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Money needed to expand for additional inventory, equipment, marketing cost, employees, etc. is known as which of the following? Competitive risk Market analysis Marketing Expansion capital
Answer:
Expansion capital
Explanation:
Expansion capital can be defined as the money that a company uses to expand itself and business. Expansion capital is always included in company balance sheets. Expansion capital is also known as growth capital.
Expansion or growth money usually covers additional inventory, equipment, marketing cost, employees, etc as seen in the question.
Cheers.
What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUtrue/false. negative perceptions of outgroups indeed serve to ensure better access to resources for the ingroup
False. Negative perceptions of outgroups do not necessarily ensure better access to resources for the ingroup. Such perceptions can lead to discrimination, prejudice, and conflict, which can hinder cooperation and resource sharing. In fact, promoting inclusive attitudes and cooperation across groups tends to lead to more equitable resource distribution and societal benefits.
Negative perceptions of outgroups can result in various negative consequences, including social exclusion, stereotypes, discrimination, and conflict. These dynamics can create barriers to cooperation and hinder the sharing of resources. When ingroups hold negative perceptions of outgroups, it often leads to a lack of trust, cooperation, and collaboration between the groups, ultimately hindering access to shared resources and opportunities.
On the other hand, fostering positive intergroup relations, empathy, and cooperation has been shown to lead to more equitable resource distribution and better outcomes for both ingroups and outgroups. By breaking down stereotypes, promoting understanding, and working towards common goals, societies can create environments that are more inclusive and provide fair access to resources for all individuals, regardless of their group affiliation.
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Why should you understand what you can and cannot copyright?
Answer:
Copyright is important as it helps to protect the value of an author/academic/researchers work, by giving the originator of the work the ability to protect it from unlicensed or uncredited usage.
Explanation:
Answer:
So that therefore you wouldn't be fined of plagiarism of any kind.
Explanation:
Which of the following is a true statement regarding operating costs:
They are fixed expenses.
They are not directly related to production.
They occur once or twice a year.
Only some businesses have them.
Answer:
They are not directly related to production.
Explanation:
Operating expenses are the costs incurred in running the affairs of a business on a day-to-day basis. They refer to the expenses associated with the maintenance and administration of a business. Operating expenses are also operational costs and include rent, machinery, payroll services, utilities, uniforms, and office supplies. operating cost also covers overhead expenses as well as the cost of goods sold
a demand relationship in which any change of quantity demanded brings about no price adjustment.
T/F
The statement in the question is True. A demand relationship in which any change in quantity demanded does not result in a price adjustment is called a perfectly inelastic demand.
This means that the quantity demanded does not respond to changes in price, and consumers are willing to pay the same price regardless of the quantity demanded. For example, a medication that is critical to a patient's survival may have a perfectly inelastic demand. Even if the price of the medication increases, the patient will still demand the same quantity as they require it for their health. In this case, the demand is not influenced by the price, and the seller can set the price as they wish without any changes in quantity demanded. However, perfectly inelastic demand is relatively rare in the real world. Most products have some degree of elasticity, where changes in price influence the quantity demanded. Businesses need to understand the demand elasticity of their products to make informed pricing decisions and maximize their profits.
In conclusion, a demand relationship that brings about no price adjustment with any change in quantity demanded is known as a perfectly inelastic demand, which is true. Understanding the elasticity of demand is crucial for businesses to make pricing decisions that can lead to increased profits.
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Which is the highest need of a human as perceived by Maslow’s hierarchy of needs?
A. belongingness
B. self-actualization
C. safety
D. basic needs
According to Maslow's hierarchy of needs, the highest need of a human is self-actualization.
Self-actualization is the need to reach one's full potential and to become the best version of oneself. It is the need to be creative, to understand oneself, and to understand the world around us. It is the need for self-fulfillment and self-expression.
Self-actualization is the highest level of Maslow's hierarchy of needs because it is only when all the lower-level needs, such as basic needs, safety, belongingness, and esteem, have been met that an individual can truly focus on self-actualization. Without these lower-level needs being met, an individual will not have the resources or emotional stability to focus on self-actualization.
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Corinne works in procurement for a major electronics company. One of her challenges is ensuring that raw metals, such as tungsten, coltan, and tantalum, are not being sourced from mines whose profits are used to finance war lords and terrorists. She’s very excited to work with a new company that uses _______, an incorruptible digital recordkeeping system to track these precious metals from mine to manufacturer to ensure they are not "conflict metals. ".
Corinne is excited because the company uses the public blockchain which is an incorruptible digital recordkeeping system to track these precious metals from mine to manufacturer.
What is blockchain?It should be noted that blockchain simply means a system of recording information in a way that's vital to prevent fraud.
In this case, Corinne is excited because the company uses the public blockchain which is an incorruptible digital recordkeeping system to track these precious metals from mine to manufacturer.
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A trader owns 1,250 shares of XYZ. She wants to attempt to scale out of approximately half the position using covered calls. How many standard contracts would she sell?
Three
Six - Correct
Nine
Five
A trader owns 1,250 shares of XYZ and wants to scale out of approximately half the position using covered calls. To determine the number of standard contracts she would sell, we need to understand that one standard contract typically represents 100 shares of the underlying stock.
In this case, the trader wants to cover half of her 1,250 shares, which amounts to 625 shares (1,250 / 2). To find out how many standard contracts she needs to sell, we simply divide the number of shares she wants to cover (625) by the number of shares in a standard contract (100): 625 / 100 = 6.25 Since it is not possible to sell a fraction of a contract, the trader would sell six standard contracts, which would cover 600 shares of her position. This is the closest she can get to covering half of her position using covered calls. Therefore, the correct answer is six standard contracts.
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Q1.
a. what are primiary and secondary markets? what are their
different types? explain their functions and role of each market in
economics development.
b. explain corporate governance and how it wor
Step 1:
a. Primary and secondary markets are two key components of the financial system. The primary market is where new securities are issued and sold for the first time, while the secondary market is where existing securities are bought and sold among investors.
b. Corporate governance refers to the system of rules, practices, and processes through which a company is directed and controlled. It involves the relationships between a company's management, its board of directors, shareholders, and other stakeholders, and aims to ensure transparency, accountability, and the protection of shareholders' interests.
Step 2:
a. The primary market is where securities are issued and sold to investors for the first time. This market facilitates the raising of capital by companies and governments. In the primary market, companies can issue various types of securities such as stocks, bonds, and initial public offerings (IPOs). It provides an avenue for companies to directly access funding from investors, enabling them to finance their operations, expansion, and investment projects. On the other hand, the secondary market is where existing securities are traded among investors. It includes stock exchanges and over-the-counter markets where investors can buy and sell previously issued securities. The secondary market provides liquidity to investors, allowing them to easily enter or exit their investments. It also facilitates price discovery and reflects the supply and demand dynamics of securities.
b. Corporate governance involves the set of mechanisms and practices that ensure a company is managed and controlled in the best interests of its shareholders. It encompasses the roles and responsibilities of the board of directors, executive management, and shareholders in overseeing the company's operations and decision-making processes. Good corporate governance promotes transparency, accountability, and ethical behavior within an organization. It ensures that management acts in the best interests of shareholders and takes into account the rights and interests of other stakeholders. Effective corporate governance frameworks include mechanisms such as independent directors, audit committees, internal controls, and disclosure requirements to safeguard shareholders' rights and prevent abuses of power.
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1. Which is the common factor of 24 and 32?
D. 32
D. 28
D. 19
A 8
B. 16
C. 24
2. What is the greatest common factor of 14 and 567
A7
B. 14
C. 21
3. What is the greatest common factor (GCF) of 16 and 24?
A. 6
B.8
C. 12
4. Which of the following is the greatest common factor of 28 and 367
A. 4
B.7
C. 8
5. The following numbers are common factors of 28 and 56 except?
A. 7
B. 14
C. 8
6. What is the Least Common Multiple (LCM) of 7 and 87
D.9
D. 28
A. 56
B. 68
C. 84
D. 146
7. What is the least common multiple of 6 and 147
A. 42
B.54
C.76
D.84
8. What is the least number of carpenters that an engineer must hire If he wants to
arrange them in groups of 4, 5, 6 with no left over?
A. 120
B.150
C.60
D.240
9. During a car race, two competitors will stop to fill up the fuel tank. One does it
every 4 laps, and the other every 5 laps. If they travel at the same speed, how
many laps will they meet again at the fuel station?
A. 16
B. 20
C.25
D. 30
10. What is the least common multiple (LCM) of 12 and 14?
A. 54
B. 68
C. 84
D. 146
please answer me please
Answer:65
Explanation:
Answer:
8
Explanation:
once a firm has established a low-cost position, it can act as a barrier to new competition. T/F
False. A firm's establishment of a low-cost position does not necessarily prevent new competition. Competitors can still enter the market and offer similar or lower prices, challenging the firm's advantage.
Determine whether having a low-cost position can provide certain advantages to a firm?While having a low-cost position can provide certain advantages to a firm, such as the ability to offer lower prices or higher profit margins, it does not automatically guarantee a barrier to new competition.
Competitors may still enter the market and offer similar or even lower prices, thereby challenging the firm's low-cost advantage. Additionally, other factors such as product differentiation, brand loyalty, and economies of scale can also play significant roles in determining a firm's competitiveness.
Moreover, new entrants might find innovative ways to reduce costs or differentiate their products, negating the advantage of an established low-cost position.
Thus, while a low-cost position can be beneficial and make it more challenging for new competitors to enter the market, it does not inherently act as an insurmountable barrier to competition.
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Why should you check the end credit before captioning a movie?
Checking the end credit before captioning a movie is important to ensure accuracy and completeness of the captions.
End credits often contain important information about the cast and crew involved in making the movie, including names, job titles, and other relevant details. By checking the end credit, a captioner can ensure that all the necessary names and information are accurately captioned, providing a complete and informative viewing experience for individuals who are deaf or hard-of-hearing. Additionally, checking the end credit can help to avoid errors or omissions in the captions, which could lead to confusion or misunderstandings for viewers. Overall, checking the end credit is an important step in the captioning process that helps to ensure quality and accuracy of the final product.
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when the government reduces my income tax by $0.30 for every $1.00 that i contribute to a charity, the government is effectivelya.alleviating the negative externalities that are associated with charitable giving.b.imposing a negative externality on those who do not pay income taxes.c.encouraging a private solution to a positive-externality problem.d.encouraging a private solution to a negative-externality problem.
The government is inadvertently imposing a negative externality on those who do not pay income taxes when it cuts my income tax by $0.30 for every $1 that I donate to a charity. Option b is Correct.
A Pigouvian Tax is a tax that tackles a negative externality by charging the good rather than the real external cost. The goal of taxes on negative externalities is to force producers and consumers to cover the entire societal cost of an item.
As a result, consumption is decreased and a more socially beneficial consequence is produced. When the creation or use of a good imposes a cost on a third party, this is known as a negative externality. Commonly used instances of negative externalities are air and noise pollution. Option b is Correct.
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Correct Question:
when the government reduces my income tax by $0.30 for every $1.00 that i contribute to a charity, the government is effectively
a.alleviating the negative externalities that are associated with charitable giving.
b.imposing a negative externality on those who do not pay income taxes.
c.encouraging a private solution to a positive-externality problem.
d.encouraging a private solution to a negative-externality problem.
United airlines is the only airline that still uses the original automated baggage handling system at the denver international airport.a. Trueb. False
The correct option is B,False. Denver International Airport is known for its state of the art automated baggage handling system. which is designed to efficiently transport luggage from check in to the aeroplane.
While it did witness some issues during its original launch. the system has ago been enhanced and is now used by several airlines, including United Airlines, Delta Air Lines, Southwest Airlines, and Frontier Airlines. The system uses a combination of conveyor belts, robotic arms, and other technologies to move bags around the field, and it has significantly reduced the time it takes to get bags from the check in counter to the aeroplane .
Despite its original challenges, DEN's automated baggage handling system has come a model for other airfields around the world.
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Which of the following is an example of a game where the customer can choose their own numbers
The game where players are allowed to pick their own numbers is the game of Mega-Millions.
What is Mega-Millions?This is a type of lottery game that is available in several countries around the world and involves players picking certain numbers to stand a chance to win some money.
The players get to choose the numbers they believe will be lucky and then there is a draw. If their numbers are selected, they stand a chance to win.
Options for this question were:
a. Quick Pick game.
b. Mega Millions.
c. Instant Scratch-Off game.
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Next O Cover Letters and Résumés: Mastery Test
1
Select the correct answer.
Josita is preparing a résumé for a job teaching graphic design at a high school. She wants to list the software programs she has learned. In what
section of her résumé should Josita include these programs?
OA honors
OB. activities
OC. skills
OD. experience
Reset
Submit Test
Next
If Josita is preparing a résumé for a job teaching graphic design at a high school. She wants to list the software programs she has learned. The section of her résumé that Josita should include these programs is: C. skills.
What is skills?Skills can be defined as the ability a person or an individual possess when it comes to performing or carrying out tasks. A person can tend to possess inbuilt Skills or acquired skills they known will be of important to them.
Based on the scenario the software programs was the skills that Josita acquired because she learned it, the software program should be included as part of the skills she possess in her resume as this will enables are employer to know the skills she possess.
Therefore If Josita is preparing a résumé for a job teaching graphic design at a high school. She wants to list the software programs she has learned. The section of her résumé that Josita should include these programs is: C. skills.
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Post-secondary education is
DescriptionTertiary education, also referred to as third-level, third-stage or post-secondary education, is the educational level following the completion of secondary education.
. In 2000, KFC® and A&W® restaurants successfully merged because each had a strong
signature product: KFC’s fried chicken and A&W’s root beer floats.
Branding strategy used:
Explanation:
Co-branding is a form of branding that connects companies together. Essentially, co-branding is a marketing partnership between two or more businesses.
according to our class discussion on enterpreneurship, the amount of value accumulation over time will be the greatest with what type of innovation?
Disruptive innovation, which establishes a new market by providing a solution that is easier, more convenient, and more inexpensive than current options, can result in the highest amount of value accumulation over time.
The introduction of a new product or service that significantly alters how business is conducted in an industry is referred to as disruptive innovation. With a solution that is easier, more practical, and more inexpensive than current options, it often targets underserved or ignored clients. Disruptive innovation may result in enormous value accumulation over time for the business owner and investors by establishing a new market. This is because they may acquire a dominating position in the market, taking the majority of the earnings while incumbents struggle to adjust. Yet, disruptive innovation is difficult to produce since it necessitates a sizable investment in research and development as well as the aptitude to overcome regulatory and market constraints.
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An unstable government is one that __________.
A.
is democratically elected
B.
is authoritarian
C.
changes hands frequently
D.
provides for its citizens
Answer:
C
Explanation:
An unstable government is one that changes hand frequently.
When something is said to be unstable, it means that thing keeps fluctuating from one situation, value, or condition to another.
An unstable government is one in which those at the elms of affairs keep changing at frequent intervals. With each new administrator comes new policies. Hence, there are inconsistencies in policy formulation.
Correct option: C
Answer:
He is correct~
Explanation:
What is working capital?
Answer:
Working capital, also called net working capital (NWC), represents the difference between a company’s current assets and current liabilities.
NWC is a measure of a company’s liquidity and short-term financial health.
A company has negative NWC if its ratio of current assets to liabilities is less than one.
Positive NWC indicates that a company can fund its current operations and invest in future activities and growth.
High NWC isn’t always a good thing. It might indicate that the business has too much inventory or is not investing its excess cash.
Explanation:
can you me as brainliest if its right? i just need a few more to rank up! ^-^
Also have a great day and good luck in your studies!
answer:
the capital of a business which is used in it day-to-day trading operation, calculated as the current assets minus the current liabilities
what is a work sheet? multiple choice question. it can help with adjusting and closing accounts and with preparing financial statements. it is a substitute for the general journal. it is a substitute for the general ledger. it is used by external decision makers to report accounting information.
A work sheet is a document that businesses use internally to aid in account adjusting and closing as well as financial statement preparation. - Include columns for the income statement and balance sheet, as well as a trial balance and adjusted trial balance.
On the worksheet, which is a column-based piece of paper or computer spreadsheet, accountants summarize the data required to create the adjusting and closing entries and create the financial statements. Typically, they keep track of the end-of-period entries on these work sheets. Work sheets are not official accounting records; they are merely accounting tools. As a result, work sheets may have different formats; some are written in pencil so that mistakes can be easily fixed. Other worksheets are created using spreadsheet software on personal computers. Every time financial statements are required, whether it is monthly, quarterly, or at the end of the fiscal year, accountants create work sheets.
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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) 50 b) $865.94 C) $991.36 d) $1156.36
Option(A) is the correct answer. Krishna will receive a disability benefit of $660 under the CPP.
To determine the disability benefit that Krishna will receive under the CPP, we need to consider a few factors. First, let's calculate the disability benefit based on the provided information:
The flat-rate disability amount is $496.36 per month.
The maximum monthly disability benefit is $1362.30.
Krishna's entitlement to a CPP retirement benefit is $660 per month.
To calculate the disability benefit, we compare the retirement benefit to the flat-rate disability amount and the maximum monthly disability benefit:
The disability benefit will be the lesser of:
The retirement benefit ($660)The flat-rate disability amount ($496.36) plus the retirement benefit minus the flat-rate disability amount.Let's calculate the disability benefit based on the above formula:
Disability benefit = min(retirement benefit, flat-rate disability amount + retirement benefit - flat-rate disability amount)
= min($660, $496.36 + $660 - $496.36)
= min($660, $660)
= $660
Therefore, Krishna will receive a disability benefit of $660 under the CPP.
Option (a) 50, option (b) $865.94, option (c) $991.36, and option (d) $1156.36 are not correct based on the given information. The correct answer is that Krishna will receive a disability benefit of $660 under the CPP.
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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) $660 b) $865.94 C) $991.36 d) $1156.36