Bernard’s bee’s sells local, organic honey. they believe they can increase sales volume by 15% by renting space and selling their honey at a nearby farmers’ market. the cost of the rental space at the farmers’ market is $40 per month. last month, they sold 100 jars of honey for $12 per jar, unit variable cost was $6.60 per jar, and fixed costs were $200 per month. what change in net income would the company achieve next month if this plan is implemented and unit selling price and unit variable costs do not change?
Answers
The company would achieve an increase in net income of $99 next month if the plan is implemented, and unit selling price and unit variable costs do not change.
1. Calculate current sales revenue: 100 jars * $12 = $1,200
2. Calculate current variable costs: 100 jars * $6.60 = $660
3. Calculate current fixed costs: $200
4. Calculate current net income: $1,200 - $660 - $200 = $340
Next month:
5. Calculate the increase in sales volume: 100 jars * 15% = 15 jars
6. Calculate new sales volume: 100 jars + 15 jars = 115 jars
7. Calculate new sales revenue: 115 jars * $12 = $1,380
8. Calculate new variable costs: 115 jars * $6.60 = $759
9. Calculate new fixed costs: $200 + $40 = $240
10. Calculate new net income: $1,380 - $759 - $240 = $381
Change in net income: $381 - $340 = $99
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Related Questions
a project is a temporary pursuit, and usually includes a set of
Answers
A project is a temporary pursuit, and usually includes a set of specific characteristics or elements.
Some of the common elements of a project are:
1. Defined objectives: A project has clear and well-defined objectives that specify what needs to be achieved. These objectives serve as the basis for planning and executing the project.
2. Specific timeframe: Projects have a defined start and end date. They are time-bound and have a finite duration. The duration may range from a few weeks to several years, depending on the nature and complexity of the project.
3. Unique deliverables: Projects are undertaken to create unique deliverables or outcomes. These deliverables can be tangible products, services, or specific results that are distinct from regular ongoing operations.
4. Limited resources: Projects are often executed within specific resource constraints, including budget, personnel, equipment, and materials. Project managers need to allocate and utilize resources effectively to accomplish project goals.
5. Cross-functional teams: Projects typically involve assembling a team of individuals with diverse skills and expertise. These team members collaborate to carry out the project tasks and achieve the desired outcomes.
6. Progressive development: Projects usually progress through different phases or stages, such as initiation, planning, execution, monitoring, and closure. Each phase has its specific activities and objectives, contributing to the overall project progress.
7. Risk and uncertainty: Projects inherently involve a level of risk and uncertainty. Project managers need to identify and manage potential risks throughout the project lifecycle to minimize negative impacts on project success.
8. Stakeholder involvement: Projects often involve multiple stakeholders, including clients, sponsors, end-users, and other relevant parties. Managing stakeholder expectations and ensuring their involvement and support are crucial for project success.
These are some of the key elements that characterize a project. By understanding and addressing these elements, project managers can effectively plan, execute, and control projects to achieve their objectives within the defined constraints.
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The pipe located underneath Jiro’s kitchen sink was leaking and he did not know how to fix it. He called a plumber who agreed to come fix the leaking pipe in exchange for $125 plus the cost of any parts. The plumber went to Jiro’s home, removed the old pipe that was leaking, and replaced it with a new pipe that the plumber brought with her. When the plumber was finished, she told Jiro that the total cost was $140 and Jiro promptly paid her. Was this a voluntary exchange? Why or why not?
A
Yes, because both parties willingly entered the exchange and benefited from it.
B
Yes, because one party exchanged money with another party for a good or service.
C
No, because Jiro was not aware of the final cost before he agreed to the exchange.
D
No, because the plumber’s service was not equal in value to the money paid by Jiro.
Answers
Answer:
A
Explanation:
It’s not b
The given statement clearly states that it was a voluntary exchange because both parties willingly entered the exchange and benefited from it. Hence, Option A is correct.
What is a voluntary exchange?
Buyers and sellers engaging in market exchanges voluntarily and freely is known as voluntary exchange. A basic tenet of both classical and neoclassical economics, which serve as the foundation for modern mainstream economics, is voluntary exchange.
A transaction when two persons freely exchange products or services is referred to as a voluntary exchange. This happens in a market economy, a form of economy where both parties to an interaction benefit from it and come out ahead than they did before.
Given that both parties entered the voluntary exchange and benefited from it, it is apparent that the transaction was voluntary.
Therefore, Option A is correct.
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In which tab can you find features like New Slide, Slide Layout, and Reset Slide?
Answers
Answer:
in a techniol up coming
Buff Corp. is considering replacing an old machine with a new machine. Which of the following items is relevant to Buff's decision? (Ignore income tax considerations.)
Book value Disposal value
of old machine of new machine
A) Yes No
B) No Yes
C) No No
D) Yes Yes
Answers
The relevant items for Buff Corp.'s decision to replace an old machine with a new one are the book value of the old machine and the disposal value of the new machine (Option A is correct).
The book value of the old machine represents its current worth on the company's balance sheet, while the disposal value of the new machine represents the amount the company could receive for selling or disposing of the new machine at the end of its useful life. Option A is correct since the book value of the old machine is relevant in determining the cost of replacing it with a new machine. If the book value of the old machine is high, Buff Corp. may decide to continue using it instead of replacing it with a new machine. On the other hand, if the disposal value of the new machine is high, Buff Corp. may decide to replace the old machine with a new one as it can recover some of the costs by selling the new machine at the end of its useful life. Options B and C are incorrect since they exclude one of the relevant items. Option D is incorrect because the book value of the new machine is not relevant to the decision-making process.
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how does teaching job contribute in the development of our society
Answers
Answer:
It helps with new children coming into school
What is the biggest threat to infrastructure in eastern asia.
Answers
Answer:
natural disaster
Explanation:
maybe this is right
robin company had net income of $67,000. the company had 9,000 weighted average common shares outstanding. the basic earnings per share equal $7.44 per share. group startstrue or false
Answers
True. The basic earnings per share is calculated by dividing the net income by the weighted average common shares outstanding. In this case, $67,000 divided by 9,000 = $7.44 per share.
What is share?Share is the act of giving something of value, such as a portion of a company's profits or ownership, to someone else. It is also the process of owning and trading stocks, bonds, or other investment instruments with the expectation of earning a return on the investment. Shareholders are individuals who own shares in a publicly traded company, and they are typically entitled to a portion of the company's profits and voting rights in company matters. Companies typically issue shares to raise capital for business operations, and the shareholders will benefit from any positive return on the investment. Shareholders also have the obligation to bear any losses the company may incur.
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Economies of scale mean that firms can be so large they can ___ and limit competition.
A) have better marketing campaigns
B) produce at a higher cost
C) produce at a lower cost
D) get major exemptions from the government
Answers
The correct option is D. Economies of scale mean that firms can be so large they can get major exemptions from the government and limit competition.
Due to production efficiency, businesses achieve economies of scale, which are cost advantages. For businesses to attain economies of scale, production must increase and costs must decrease. This occurs as a result of the cost being spread across a wider variety of goods. The existence of both variable and fixed costs is plausible.
Businesses profit financially from economies of scale as production is becoming more productive since expenses can be spread across a greater variety of products.
Size affects a company's ability to take advantage of economies of scale; larger companies will create more products while preserving more money. Economies of scale might be internal or external. Internal economies are influenced by circumstances within a certain firm, whereas external reasons have had an effect on every industry.
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Machine has three speed settings, low medium fast the low setting produces 110 units with a 90% quality rating the medium setting produces 120 units with an 80% quality rating in the fast setting produces 140 units with a 70% quality rating if each unit sells for $20 what shutting makes the company the most money in sales win percentage not meeting quality standards cannot be sold
Answers
The low setting makes the company the most money in sales, with a total revenue of $1980
To determine which setting makes the company the most money, we need to calculate the total revenue generated by each setting while taking into account the quality rating. For the low setting, the company produces 110 units with a 90% quality rating, which means that 10% of the units are not sellable. So, the total number of sellable units is 110 x 0.9 = 99 units. The revenue generated from selling these units is 99 x $20 = $1980. For the medium setting, the company produces 120 units with an 80% quality rating, which means that 20% of the units are not sellable. So, the total number of sellable units is 120 x 0.8 = 96 units. The revenue generated from selling these units is 96 x $20 = $1920.
For the fast setting, the company produces 140 units with a 70% quality rating, which means that 30% of the units are not sellable. So, the total number of sellable units is 140 x 0.7 = 98 units. The revenue generated from selling these units is 98 x $20 = $1960.
Therefore, the low setting makes the company the most money in sales, with a total revenue of $1980
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Select the correct answer.
All of the following would be useful to study along with fashion design if you want to a career as a fashion designer EXCEPT?
A. communication
B. art
C business
D.humanities
Answers
Answer:
the answer is A
Explanation:
. Suppose the market for personal computers in country A is monopolistically competitive. Country A exports as well as imports personal computers from the rest of the world. After full adjustment to the opening of trade, a firm in this industry which enjoys scale economies will: A. receive a higher price for its product. B. receive a lower price for its product. C. enjoy a greater market share. D. ultimately go out of business. __________ 16. The clustering of
Answers
Answer: B. receive a lower price for its product
Explanation:
Monopolistic competition is a market structure whereby the elements of both monopoly and competitive markets are combined. In such market structure, there are many producers in the market but they're selling differentiated products.
In this case, due to the fact that there's freedom of entry and exit, there'll be more firms coming into the market due to the supernormal profit which is made at first but in the long run, a lower price will be received for goods and services as there are many sellers in the market. Therefore, a normal profit will be made.
breyona keeps a close eye on her company’s internal and external environments to identify better ways of doing business and to discover possible opportunities for new products. in which activity is breyona engaged?
Answers
Strategic control activity is being engaged by Breyona. Thus, option C is correct.
What are the new products?A new product is an item that is new to the organization presenting it, despite the fact that it might have been made in the same structure by others.
Business and to find potential open doors for new items. Breyona has a critical control action locked in. It is a specific type of board control and varies depending on the type of executive in charge.
Strategic control processes permit directors to assess an organization's showcasing program from a basic long-term viewpoint. Therefore, option C is correct.
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The question is incomplete, Complete question probably will be:
Breyona keeps a close eye on her company's internal and external environments to identity better ways of doing business and to discover possible opportunities for new products, in which activity is Breyon engaged? a. SWOT analysis b. VRIO wote c. strategic control d. management by observation
after thawing food as part of the cooking process, what should be done before serving it?
Answers
After thawing food as part of the cooking process, it should be cooked thoroughly to a safe internal temperature before serving it.
The cooking process involves applying heat to food in order to prepare it for consumption. This can include methods such as baking, boiling, grilling, frying, and roasting. Cooking can change the flavor, texture, and nutritional content of food, and is an important part of many culinary traditions around the world.
This is important to ensure that any harmful bacteria that may have been present in the food before freezing are destroyed. It is not safe to eat partially cooked or raw foods, as they can cause foodborne illness. It is also recommended to use a food thermometer to ensure that the food has reached the appropriate temperature before serving it.
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An investment of $110,000 in safe 10-year corporate bonds yields an average of 6% per year, payable each year. The effective income tax rate is 35%, and inflation will average 2% per year. How much will this investment of $110,000 be worth in 10 years in today's purchasing power after income taxes and inflation are taken into account? The FW is $ (Round to the nearest dollar.)
Answers
The investment of $110,000 is worth $132,506 in 10 years in today's purchasing power after income taxes and inflation are taken into account.
To find the future worth of a $110,000 investment in 10-year corporate bonds, we need to consider the yearly yield, income tax rate, and inflation.
1. Calculate the annual yield after tax
Annual yield = 6% * (1 - 35%)
Annual yield = 6% * (1 - 0.35)
Annual yield = 6% * 0.65
Annual yield = 3.9%
2. Calculate the real annual yield after considering inflation
Real annual yield = (1 + Annual yield) / (1 + Inflation rate) - 1
Real annual yield = (1 + 3.9%) / (1 + 2%) - 1
Real annual yield = (1.039) / (1.02) - 1
Real annual yield = 0.0186 or 1.86%
3. Calculate the future worth of the investment after 10 years in today's purchasing power
FW = Initial investment * (1 + Real annual yield) ^ Number of years
FW = $110,000 * (1 + 1.86%) ^ 10
FW = $110,000 * (1.0186) ^ 10
FW = $110,000 * 1.2046
FW ≈ $132,506 (rounded to the nearest dollar)
So, the investment of $110,000 in safe 10-year corporate bonds will be worth approximately $132,506 in today's purchasing power after income taxes and inflation are taken into account in 10 years.
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on a typical day, a company writes 88 checks worth a total of $10,860 that clear in 2.75 days. the company also collects 101 checks worth a total of $14,875 that clear in 2.25 days. is this a collection or disbursement float? what is the float value?
Answers
The float value is $33,468.75.
This scenario describes both a collection and disbursement float. The disbursement float occurs when the company writes 88 checks worth $10,860 that clear in 2.75 days. The collection float occurs when the company collects 101 checks worth $14,875 that clear in 2.25 days.
To calculate the float value for each:
\(Disbursement float value = (Number of checks * clearing time * value of checks) / Total checks\)
= (88 * 2.75 * $10,860) / 88
= $29,865
\(Collection float value = (Number of checks * clearing time * value of checks) / Total checks\)
= (101 * 2.25 * $14,875) / 101
= $33,468.75
So, the disbursement float value is $29,865, and the collection float value is $33,468.75.
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what is photo synthesis?
Answers
Answer:
photo synthesis is the process in which green plants use water and carbon dioxide to create their food.
State any five reasons why an entrepreneur may carryout Market survey.
Answers
Answer:
to know what the other people are interested in, for example they do a survey to see how much of each product they need and the popularity of how many people like the stuff, those are 2 reasons, quantity and I would say popularity 3: get the people to know that enreprenuer cares 4 and five just think about it, I cant really think of anymore
Explanation:
Answer: Whether you are thinking of venturing into a new market or launching a new product, conducting a marketing assessment is the crucial first step in determining if there is a need or a potential customer base for your product. Why is market research important for new business ideas? Market research should never be underestimated. Many successful new businesses enjoy longevity because their owners conduct regular market research to understand their target market, identify consumer problems and pinpoint realistic competitors. Determine key market factors: Cost, Consumer Demographics, Challenges, Opportunities. ... These factors will help you determine how you will need to market to consumers, face your competition, and develop your overall business plan.
Hope this helps....... Stay safe and have a Merry Christmas!!!!!!!! :D
Explanation:
What beer company is sponsoring the Super Bowl?
Answers
Answer:
Molson Coors
Explanation:
Once a marketing campaign is executed, it should be ________________ for effectiveness.
- evaluated
- created
- engineered
- designed
Answers
Answer:
evaluated
Explanation:
To evaluate is to carefully and skillful determine the merits, benefits, significance, nature, character, or relevance of something or someone. The process of evaluation highlights the strengths of the subject matter and reveals its weaknesses.
Evaluating a marketing campaign will determine its level of success and point out areas that need improvement.
The Supply function S(x) is the price p = S(x) at which producers are willing to produce x units The Demand function D(x) is the price p = D(x) at which consumers are willing to buy x units. Consider a market where D(x) = 20-x and S(x) = x+4 And the market price is currently at p = 11 a. Solve the equation for S(x) = 11, which is x + 4 = 11, to find out how many units producers are willing to produce when the market price is p=11. b. Solve the equation for D(x) = 11, which is 20 - x = 11, to find out how many units consumers want to buy when the market price is p = 11. c. You should have found that at a market price p=11, producers are willing to produce 7 units, and consumers are willing to buy 9 units. Based on this market condition, will prices go up or go down in future? Why? d. The equilibrium price is the price where S(x) = D(x). Find the equilibrium condition for this market. e. Do all markets follow the law of supply and demand? What factors could change a market so that the supply and demand concept does not describe the market?
Answers
Based on the given market conditions, producers are willing to produce 7 units and consumers want to buy 9 units at a market price of $11.
Since the quantity demanded (9 units) exceeds the quantity supplied (7 units), there is a shortage in the market. In response to this shortage, prices are likely to go up in the future. As prices increase, producers have an incentive to produce more, while consumers may reduce their demand due to higher prices. Eventually, this market imbalance is expected to lead to a new equilibrium where the quantity supplied matches the quantity demanded, resulting in a stable market price.
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Global Inc. Has a preferred share issue outstanding with a current price of $26.80. The firm is expected to pay a dividend of $1.90 per share a year from today. What is the firm's cost of preferred equity?
Answers
Answer:
7.09 %
Explanation:
Cost of preferred equity = Dividend / Market Price x 100
therefore,
Cost of preferred equity = $1.90 / $26.80 x 100 = 7.09 %
1. What are credit cards? Why do people use them?
2. What is interest? How does interest affect credit card purchases?
3. What are the benefits of using a credit card? What are the drawbacks of using a credit card?
4. In the case files section, four people pay a different price for the same digital music player? Why do the prices they paid differ? Explain the factors that affected each person’s ultimate cost for the music play.
5. Which of the individuals made the best use of their credit card? Which made the worst? Why?
6. What should you look for when choosing a credit card?
7. What is a “grace period”? How can it help you manage a credit card wisely?
8. What are three strategies that you can use to use credit cards wisely?
Answers
Credit card is used to borrow cash when needed on some interest rate.
What are credit cards? Why do people use them?Credit cards are the type of cards that allow you to earn cash or other rewards for those things you buy daily. People use them because of the rewards as well as due to valuable budgeting tools.
What is interest? How does interest affect credit card purchases?Interest is the price you pay to borrow money from a person or bank. Interest affects credit card purchases because low interest rate is good for the people so people purchase it more.
What are the benefits and drawbacks of using a credit card?The benefits of credit card is that they're a great way to build credit. It is more secure than cash. It gives rewards Points while on the other hand, the drawbacks of credit card is high cost of borrowing and too many Credit Cards can damage your credit.
So we can conclude that credit card is used to borrow cash when needed on some interest rate.
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For each situation, select one option from below that you think will help increase profit.
These are answers for the question to put on
1.Avoid extra payroll expenses.
2. Get the best rates on advertising.
3.Change the product you provide.
4. Use resources wisely.
5. Beat the competition.
6. Get the best rates on supplier purchases.
7. Eliminate some free services.
8. Increase worker efficiency.
Answers
Four important elements can contribute to profitability. Costs are coming down, turnover is going up, production is going up, and efficiency is going up.
Choose the option from the list below that you believe will help enhance profit for each circumstance.1. Limit additional payroll costs- Increase
2. Find the best advertising prices- Increase
3. Modify the offering you make- decrease
4. Make good use of resources- Increase
5. Outperform the opposition- Increase
6. Find the most affordable supplier prices- Increase
7. Discontinue a few free services - No effects
8. Boost personnel effectiveness- Increase
What does "profit" mean?Profit is the term used to describe the financial gain experienced when the revenue from a commercial activity exceeds the costs, costs, and taxes associated with maintaining that activity.
In accounting, a profit is an income that is given to the owner throughout a successful market producing process. Profitability, which is the owner's primary interest in the income-formation process of market production, is measured by profit. There are various profit metrics that are frequently used.
How are earnings raised?Profitability may be boosted in four important areas. Costs are being cut, turnover is rising, productivity is up, and efficiency is up. You can also diversify into new market segments or create brand-new goods or services.
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Which of these is a nonstore retailer?
A. Vending machine
O B. Department store
C. Warehouse club
O D. Supermarket
Answers
A Vending machine is a non-store retailer. Thus option (A) is correct. A retailer is a person or business that you purchase goods from.
Who is a retailer?A retailer is an individual or an entity that deals directly with consumers. It can be a business that sells and goods and service to consumers through brick and mortar store or an online platform.
A Retailer can be a small store or a large enterprise that deals in an assortment of products. Walmart and Amazon are some of the well-known retailers.
The fact that retailers deal with end consumers is one of the reasons why most of them deal in a wide array of products ranging from clothing to jewelry books as well as electronics.
Most modern retailers typically make a variety of strategic level decisions including the type of store, the market to be served, the optimal product assortment, customer service, supporting services, and the store's overall market positioning.
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Why does the demand curve facing a monopolistically competitive firm slope downward in the long run, even after the entry of new firms?
Answers
Answer:Firms will face perfectly elastic demand curves only if their products are perfect substitutes for the products of other firms.
Explanation:
Answer:Why does the demand curve facing a monopolistically competitive firm slope downward in the long run, even after the entry of new firms?
Explanation:
17. Competitive labor market equilibrium A company operates in a perfectly competitive market, seiling each unik of output for a price of \( \$ 20 \) and paying the market wage of \( \$ 330 \) per day
Answers
Step 1:
In a perfectly competitive labor market, the company sells each unit of output for $20 and pays the market wage of $330 per day.
Step 2:
In a perfectly competitive labor market, the equilibrium is achieved when the supply of labor equals the demand for labor. In this case, the company operates in such a market, selling its output at a price of $20 per unit and paying the prevailing market wage of $330 per day. The market wage represents the marginal cost of labor for the company, and it is determined by the interaction of labor supply and demand.
At the prevailing wage rate of $330 per day, the company will hire workers up to the point where the marginal benefit of hiring an additional worker (the value of their contribution to output) equals the marginal cost of hiring that worker (the wage rate). This ensures that the company maximizes its profit by optimizing the use of labor resources. On the other hand, workers are willing to supply their labor up to the point where the wage they receive equals the value they place on their time and effort.
The equilibrium wage of $330 per day indicates that the demand for labor matches the supply of labor in the market. Both the company and workers have reached a mutually beneficial agreement in terms of wages and employment. If the wage were higher than $330, it would create a surplus of labor as the supply exceeds demand. Conversely, if the wage were lower than $330, it would result in a labor shortage as the demand exceeds supply.
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(RR calculation) Determine to the nearest percent the IRR on the following projects a. An initial outlay of $11,000 resulting in a free cash flow of $3,000 at the end of year 1. 56,000 at the end of year 2. and $9,500 at the end of year 3 b. An initial outlay of $11.000 resulting in a free cash flow of 59.500 at the end of year 1. 56,000 at the end of year 2, and $3,000 at the end of year 3 c
Answers
The IRR for project A is 17%, the IRR for project B is 20%, and the IRR for project C is 19%, all rounded to the nearest percent.
To calculate the IRR (internal rate of return) for these projects, we need to use the formula:
NPV = ∑(Cash Flow / (1 + r)^t) - Initial Outlay
Where NPV is the net present value, Cash Flow is the cash flow for each year, r is the discount rate or IRR, t is the year of the cash flow, and Initial Outlay is the initial investment.
For project A, the NPV would be:
NPV = -11,000 + $3,000/(1+r) + 56,000/(1+r)^2 + 9,500/(1+r)^3
To solve for r, we can use a financial calculator or spreadsheet program. The IRR for project A is approximately 17%.
For project B, the NPV would be:
NPV = -11,000 + 59,500/(1+r) + 56,000/(1+r)^2 + 3,000/(1+r)^3
Again, we can use a financial calculator or spreadsheet program to solve for r. The IRR for project B is approximately 20%.
For project C, the NPV would be:
NPV = -11,000 + 56,000/(1+r) + 56,000/(1+r)^2 + 3,000/(1+r)^3
Once again, we can use a financial calculator or spreadsheet program to solve for r. The IRR for project C is approximately 19%.
In summary, the IRR for project A is 17%, the IRR for project B is 20%, and the IRR for project C is 19%, all rounded to the nearest percent.
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Think of an issue in your community that you would like to fix or improve in some way. First, write down what it is, and then identify how you think it could be fixed, and how you or other people could do so.
Answers
For me i just wish my community was more active i would most likely do this by throwing community events
Explanation:
Does the Federal Reserve pay taxes?
Answers
Answer:
Federal Reserve banks are exempt from paying taxes at the federal, state and local levels, except on real estate holdings. This is because of rules on taxation set forth in Section 7(c) of the Federal Reserve Act.
Explanation:
How do economic growth, full employment, price stability, and inflation indicate a nation’s economic health?
Answers
Answer:
Kindly check explanation
Explanation:
The state of a nation's economy is usually evaluatwd based on certain metrics which relating to the well being of its citizens, behavior of its market, finances and resources. Those metrics may include ; level or rate of inflation, employment level, level of economic growth or decline and many others. A healthy economy is one In which economic factors are in a positive state and hence its positive effects is left by the citizens in ways including the increased level of production which economically fights inflation and also helps achieve stability in terms of prices of products and commodities. Reduction in level of unemployment and increased full time jobs. Generally, a healthy nation should experience a robust economic growth and improvement.