Equipment was purchased for $147000. Freight charges amounted to $3000 and, there was a cost of $1 estimated that the equipment will have a $30000 salvage value at the end of its s-year useful ife. 0000 for building a foundation and Installing the Expense each year using the stralight-line method will be O $26000. O $23400. $26800. O $32000.
Answers
For building a foundation and Installing, the expense each year using the straight-line method will be $26000.
Describe what expenses are.Cost is what expenses simply mean. A cost of operations is what is referred to as an expense in accounting language. It refers to the flow of money received in exchange for commodities or services. The total of all the operations that typically generate revenue might alternatively be stated as expenses.
What makes a cost an asset?An investment that will be useful throughout several accounting periods in the future is called an asset. If a purchase does not serve this purpose, it is regarded as an expense. For instance, a business pays its electricity payment.
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Related Questions
What is an example of a company increasing its liabilities
A) borrowing from a bank
B)selling a company vehicle
C)selling company stock
D)paying back a loan
Answers
An example of a company increasing its liabilities is by borrowing from a bank. This action creates a new debt obligation for the company, increasing its overall liabilities.
A) Borrowing from a bank: When a company borrows funds from a bank, it increases its liabilities. The borrowed amount is considered a debt obligation that the company must repay over time, typically with interest. This increases the company's overall debt burden and adds to its liabilities on the balance sheet.
B) Selling a company vehicle: Selling a company vehicle does not increase liabilities. Instead, it affects the company's assets. The sale of a vehicle would result in a decrease in the company's asset value, as the vehicle is no longer owned by the company.
C) Selling company stock: Selling company stock does not increase liabilities either. It involves the issuance or sale of equity, which represents ownership in the company. Selling stock may impact the company's equity and shareholder ownership, but it does not directly impact liabilities.
D) Paying back a loan: Paying back a loan reduces liabilities. When a company repays a loan, it decreases its debt obligation, leading to a decrease in liabilities on the balance sheet.
Therefore, option A, borrowing from a bank, is the correct choice for an example of a company increasing its liabilities.
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The table shows the terms of a fixed-rate mortgage.
Which accurately describes the terms of this mortgage? Check all that apply.
The homeowner is borrowing $360,000.
The monthly interest rate is 4 percent.
Monthly payments must be made for 30 years.
The annual interest rate is 4.8 percent.
The homeowner is borrowing $200,000.
Monthly payments must be made for 360 years.
Answers
The fixed-rate mortgage concept is used in home loans. Monthly payments for 30 years, the interest rate is 4.8%, and borrowing $200,000.
What is a fixed-rate mortgage?It is usually used in home loans with a fixed interest rate during the term of the loan. It is beneficial because once the rate of interest is fixed it is not influenced by the increase in the rate in the future.
C - Monthly payments for 30 years.
D - The interest rate is 4.8 % annually
E - borrowing $200,000.
Therefore, options C, D, and E explain the fixed-rate mortgage.
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What is a market economy?what are some disadvantages of living in a market economy? Explain
Answers
Answer:
A market economy is an economic system in which the decisions regarding investment, production and distribution are guided by the price signals created by the forces of supply and demand.
Disadvantages:
A tendency for an inequitable distribution of wealth, poorer work conditions, and environmental degradation.Since profit maximization is the biggest motivation for firms, they may try to reduce their costs unethically. Unemployment and Inequality.
Which of the following falls under criminal law as it pertains to business?
A. A tailor losing the buttons to a shirt
B. A bakery messing up a couple's wedding cake
C. A store selling explosives to minors
D. A design company not providing all due files
Answers
Answer:
C.
Explanation:
They are selling explosives.
Answer:
C. the one with the bombs
Explanation:
When price falls from $6 to $4, this represents a [ Select ] percent change. When quantity increases from 380 to 420 units, this represents a [ Select ] percent change. The price-elasticity of demand coefficient is equal to [ Select ] along this segment of the demand curve, indicating that demand is relatively [ Select ]
Answers
When the price falls from $6 to $4, this represents a **33.33%** percent change.
To calculate the percent change, we can use the formula: Percent Change = ((New Value - Old Value) / Old Value) * 100.
In this case, ((4 - 6) / 6) * 100 = -33.33%.
When the quantity increases from 380 to 420 units, this represents a **10.53%** percent change.
Using the same formula, ((420 - 380) / 380) * 100 = 10.53%.
The price-elasticity of demand coefficient is equal to **-0.316** along this segment of the demand curve, indicating that demand is relatively **inelastic**.
The price-elasticity of demand measures the responsiveness of quantity demanded to changes in price. A coefficient value of -0.316 suggests that demand is inelastic, meaning that a change in price has a relatively small impact on quantity demanded. In other words, consumers are not very sensitive to price changes in this segment of the demand curve.
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Emily has not paid her credit card in several months. The creditor is most
likely to respond by:
OA. reducing Emily's interest rate.
B. suspending Emily's credit card.
C. garnishing Emily's wages.
D. repossessing Emily's car.
Answers
Answer:B
Explanation: Im jus cool
BOX 2.5 Case Highlight Limiting Imports of Hormone-Treated Beef Case Name and Tribunal European Communities-Measures Concerning Meat and Meat Products (Hormones) (WTO Appellate Body, 1998)17 Facts In response to concerns of EU citizens about the risks presented by beef injected with natural and synthetic growth hormones, the European Union imposed a ban on the import of such beef. The United States challenged the restriction under the SPS Agreement, claiming that the panel reviewing the issue evalu- ated the risk associated with the use of hormones for growth promotion twice and the only evidence on record showed that the studies looked at a "theoretical framework for the systemic analysis of such problems" but did not actually investigate and evaluate the problems that arise from the use of such hormones. Issue Did the EU's ban on hormone-treated beef comply with the re- quirements of the SPS Agreement? Decision A risk assessment, as required by Article 5.1, is "a scientific process aimed at establishing the scientific basis for the sani- tary measure a Member intends to take." The ban was found not to be based on a risk assessment that followed scientific principles and procedures and, therefore, was in violation of the SPS Agreement. Analysis/Application In order to rely on exceptions to the GATT under the Agree- ment on Technical Barriers to Trade (TBT Agreement), member states must rely on sound scientific principles and provide evi- dence of such. Aftermath The case raised difficult issues and required a consideration of the uncertainty presented by divisions of scientific opinion. The European Union was unwilling to remove its restrictions on the import of the hormone-treated beef, with the result that the WTO in 1999 authorized the United States and Canada to col- lect penalties of more than $100 million per year in extra duties on European exports. The European Union brought the issue back to the WTO, where unprecedented open hearings were held in 2005. The European Union argued that new scientific evidence showed that the European Union complied with the 1998 WTO judgment. The impasse between the United States and the European Union was settled by way of a negotiated agreement in 2012 in which the European Union kept its ban on importing hormone-treated beef but increased its quota for importing beef from Canada and the United States.
Answers
The case mentioned is the European Communities-Measures Concerning Meat and Meat Products (Hormones) case, which was brought before the WTO Appellate Body in 1998.
The case involved a dispute between the European Union (EU) and the United States regarding the EU's ban on the import of beef treated with growth hormones.
The EU had imposed the ban in response to concerns raised by its citizens regarding the potential risks associated with the consumption of beef injected with natural and synthetic growth hormones. The United States challenged the ban, arguing that the EU had not conducted a proper risk assessment as required under the Agreement on the Application of Sanitary and Phytosanitary Measures (SPS Agreement).
The Appellate Body, in its decision, determined that the EU's ban on hormone-treated beef did not comply with the requirements of the SPS Agreement. It stated that a risk assessment should be a scientific process aimed at establishing the scientific basis for the sanitary measure, and the EU's ban did not follow scientific principles and procedures.
The case highlighted the importance of relying on sound scientific principles and providing evidence when implementing trade measures that may restrict imports. Under the Agreement on Technical Barriers to Trade (TBT Agreement), exceptions to the General Agreement on Tariffs and Trade (GATT) require adherence to scientific principles.
The aftermath of the case resulted in tensions between the United States and the European Union, with the WTO authorizing the United States and Canada to impose extra duties on European exports. Subsequent efforts were made to resolve the dispute, and in 2012, a negotiated agreement was reached. The European Union maintained its ban on importing hormone-treated beef but increased its quota for importing beef from Canada and the United States.
Overall, the case showcased the challenges of balancing trade restrictions based on public health concerns and the need to ensure that such measures are supported by scientific evidence and comply with international trade agreements.
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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
Answers
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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What is the biggest external outcome of the business/for-profit sector?
Answers
The biggest external outcome of the business/for-profit sector is economic growth and development. When businesses succeed, they generate profits and create jobs, leading to increased incomes for individuals and communities.
This, in turn, stimulates consumer spending and investment, boosting economic activity. For example, when a company expands its operations, it may require additional resources and services from other businesses, creating a multiplier effect throughout the economy.
Overall, the business sector plays a crucial role in driving economic growth and development, providing opportunities for individuals and contributing to the overall prosperity of a nation.
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In performing accounting services for small businesses you encounter the following.
Answers
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales.
How do cash sales work?Sales made using cash are known as cash sales. It is the situation where the vendor receives payment in cash at the moment of delivery. Cash sales do not generate accounts receivable, in contrast to credit sales.
Do sales account for cash discounts?Trade discounts are directly deducted at the time of recording sales rather than being recorded as sales discounts. The financial statements accurately record and display sales and cash discounts. Sales discounts are frequently referred to as 10%, 2/15, and n/30.
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As a student, you are able to earn extra money by assisting your neighbors with odd jobs. If you charged $10.25 an hour for your assistance, about how many hours would you need to work to earn $8,425? Show your work.
Answers
Answer:
822 hours
Explanation:
The charge per hour is $10.25.
To earn a total of $8,425, one need to work ? hours.
1 hr =$10.25
? hrs = $8,425
?hrs = $8,425 / $10.25
=821.951
=822 hours
discuss the impact of discriminating behaviour the individual and society
Answers
Discriminating behaviour has the following impact on the individual and society:
It can lead to conflict and unrest in the society.It can lead to low self esteem and depression.What is discrimination?
Discrimination is when a person is treated unfairly and differently from other people based on age, gender, religion or race. For example, a person of colour might be denied entry into a restaurant based on her skin colour.
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An organization is said to have achieved strategic alignment when the priorities and activities of the is function and the strategic direction of the firm are aligned:
Answers
An organization is said to have achieved strategic alignment when the priorities and activities of the IT function and the strategic direction of the firm are aligned Strategic alignment is a condition in which a company's IT priorities are the consistent with the strategic goals of the business.
The objective of strategic alignment is to link IT resources and investments with business strategy to achieve the most value. Strategic alignment is critical since it may lead to IT efforts that are not supporting the company's goals .A business that has achieved strategic alignment will have IT initiatives that support business strategy. The IT function and the company's business strategy are unified in this approach. When a business has achieved strategic alignment, the IT strategy should support the overall business strategy, with IT projects and initiatives designed to meet business objectives.
To achieve strategic alignment, there are various techniques that an organization can use. These include IT portfolio management, enterprise architecture, and IT governance. IT portfolio management is a technique for aligning IT investments with strategic objectives. It involves examining the value and risk of IT initiatives and aligning them with business goals. Strategic alignment is a condition in which a company's IT priorities and activities are consistent with the strategic goals of the business. The objective of strategic alignment is to link IT resources and investments with business strategy to achieve the most value. When a business has achieved strategic alignment, the IT strategy should support the overall business strategy, with IT projects and initiatives designed to meet business objectives. IT portfolio management is a technique for aligning IT investments with strategic objectives.
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what are characteristics of the production-run samples used for statistical process control? (choose every correct answer.)
Answers
The characteristics of the production-run samples used for statistical process control is that they must be of very high quality. They must also be consistent with the intended measure of quality required.
What is a Statistical Process Control?When it comes to monitoring and regulating quality during your manufacturing cycles, statistical process control quality (or SPC for short) is regarded as the industry standard.
SPC manufacturing involves collecting data on your goods or processes in real-time and analyzing it using a graph with pre-determined control limits to assess their efficiency.
The capabilities of your manufacturing processes can help you define your control limitations.
This implies that if the data you collect falls within your control limitations, it's an indication that everything is working well.
However, if the data slips outside of your control boundaries, it indicates that problems are developing and that something has to be changed along your manufacturing line before they escalate to larger difficulties.
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18. Would you expect, in some cases, to see only an income effect or only a substitution effect? Explain.19. Which is larger, the income effect or the substitution effect
Answers
Why is it important to use the right strategies to beat competition?:
Answers
Answer:
Therefore, competitive strategy is essential for the survival of the product in the market. Having a new competitive strategy to beat rival companies or their products by renaming or redesigning their products will help the company to be more profitable and create an image new on the market.
Capital goods, because their purchases can be postponed like ______ consumer goods, tend to contribute to ________ in investment spending. a. nondurable; stability b. nondurable; instability c. durable; stability d. durable; instability
Answers
Option (d), Because they can be delayed like durable consumer products, capital goods have a tendency to induce instability in investment spending.
What factors cause instability in the stock market?High, disturbing rate of return fluctuations are a common symptom of investment instability. Financial instability is typically the main culprit behind unstable investments, although there are other "micro" level issues like bad management that could also be to fault.
Do you buy durable goods or do you just consume them?Consumer durable goods are accounted for in personal consumption expenditures, according to the Survey of Current Business by the Bureau of Economic Analysis and the annual report of the Council of Economic Advisers.
What impact does investment have on durability?Less frictionless user costs are associated with more durable goods, but they are more "expensive" in that they require larger down payments, which makes financing them more challenging. When there is a recession, businesses are more financially limited and favor "cheaper," less enduring investments.
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PROBLEM 3 On July 1, 2020, Faithful Company leased equipment to Faithless Company for one-year period expiring June 30, 2021 for Php 90,000 per month. On July 1, 2021, Faithful Company leased this piece of equipment to toil company for a three-year period expiring June 30, 2024 for Php 112,500 a month. The original cost of the equipment was Php 7.200,000. The equipment, which has been continually on lease since July 1, 2017, is being depreciated on a straight-line basis over an eight-year period with no residual value.
Answers
The question provides information about a leasing arrangement between Faithful Company and Faithless Company, where Faithful Company leased equipment to Faithless Company for a one-year period at Php 90,000 per month. The equipment was then leased to Toil Company for a three-year period at Php 112,500 per month starting from July 1, 2021. The original cost of the equipment was Php 7,200,000, and it has been depreciated on a straight-line basis over an eight-year period with no residual value.
It is important to note that Faithful Company is the original owner of the equipment and has been leasing it out to various companies. The terms of the lease agreement between Faithful Company and Faithless Company are not provided in the question, so it is unclear if there are any other provisions such as maintenance responsibilities or buyout options.
The monthly lease payments received by Faithful Company from Faithless Company and Toil Company are a source of revenue for the company. However, it is important to monitor the equipment's condition to ensure it remains in good working order throughout the lease period. Additionally, since the equipment is being depreciated over an eight-year period, it will have a lower book value each year, which may impact the amount of rental income that can be earned from the equipment in the future.
Overall, leasing equipment can be a profitable venture for a company. Still, it is essential to carefully consider the terms of the lease agreement, monitor the equipment's condition, and factor in depreciation expenses to ensure the arrangement remains financially viable in the long run.
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3.) A special cereal mixture contains rice, wheat and corn in the ratio of
2:3:5. If a bag of the mixture contains 3 pounds of rice, how much corn
does it contain?
Answers
Answer:
7.5
Explanation:
Let R = rice.
Let W = wheat.
Let C = corn.
Let X = special cereal mixture
Given the following data;
Ratio of rice, wheat and corn = 2:3:5
Total quantity of rice = 3 pounds.
Ratio = 2 + 3 + 5 = 10
For rice;
2/10 * X = 3
Cross multiplying, we have;
2X = 30
X = 30/2 = 15
Therefore, the total quantity of the special cereal mixture is 15 pounds.
To find the total amount of corn;
C = 5/10 * 15
C = 75/10
C = 7.5 pounds.
Hence, the special cereal mixture contains 7.5 pounds of corn.
To find the total amount of wheat;
W = 3/10 * 15
W = 45/10
W = 4.5 pounds.
Check;
Special cereal mixture = rice + wheat + corn.
Special cereal mixture = 3 + 4.5 + 7.5
Special cereal mixture = 15 pounds.
Answer:
7.5 pounds of corn.
Explanation:
Rice=2x -> 3 pounds
Wheat=3x
Corn=5x
2x=3
x=1.5
5*1.5
=7.5
When a company has a diverse workforce, which of the following is likely to
be true?
A. Wages can be decreased.
B. There is potential for discrimination.
C. The workforce will be all male.
D. HR managers will be all males.
Answers
The correct option is D. When a company has a diverse workforce, HR managers will be all males is likely to be true.
Because every team member—from the leadership to the frontline staff to mobile workers—brings their own distinct backgrounds, experiences, and viewpoints to the table, workplace diversity fosters creativity and innovation.
How does diversity affect the workplace?Productivity is strongly impacted by the greater variety of talents and abilities that come with workplace diversity. Because diverse employees have a range of talents, skills, and preferred fields of work, workplaces with greater variety typically have higher productivity.
Beyond political correctness, a diverse workforce has several advantages. Including people from all backgrounds and viewpoints can promote better decision-making, more innovation, and increased workplace engagement. Additionally, it might enhance a business's reputation and make it simpler to draw in top employees.
Thus, The right answer is D. A corporation is more likely to have all male HR managers if its workforce is diverse.
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should i study fashion or business to be a fashion entrepunuer
Answers
Answer:
there must be specific courses for it which has both fashion and business
Answer:
It depends on if you enjoy it or not, but I would go with being a fashion entrepreneur :3
Explanation:
:3
If you have an orientation where you are completing training exercises on a computer, it is probably a ____.
A new hire orientation
B interactive orientation
C reorientation
D mentorship
Answers
Answer: new hire orientation
Explanation:
New employee orientation is used in order to welcome newly employed workers to the organization and this is done in order to integrate the new workers into the system, train them, and make them feel welcomed and part of the organization. .
This helps to boost the confidence of the employees, leads to increase in the retention of employees and also boost employees morale.
Interaction orientation simply means the interaction that takes place between companies and their customers and this is done in order to improve the relationship with customers and achieve organizational goals.
Mentorship simply means having a mentor to guide an individual. Reorientation simply means to change a particular focus or mindset of certain people.
Based on the explanation, the answer is new hire orientation.
Answer:
A
Explanation:
PLEASE ANSWER THESE IT WOULD BE A HUGE HELP
Each time you sell a stock to make a profit, you must pay tax on the money you make (the
difference between the buying and selling price). This is called capital gains tax. Do you think
capital gains tax is a good idea? Why or why not?
Answers
Select the response that corrects the capitalization error in the sentence below. I live in Kentwood, louisiana. a. i b. kentwood c. Louisiana Please select the best answer from the choices provided A B C
Answers
Answer:
a) I
Explanation:
The letter I continues to be capitalized because it is the only single letter pronoun. Because the pronouns I and me have different uses, it's easy to distinguish between the two in terms of capitalization rules.
jake is unhappy that his lease was extended automatically. what lease provision should jake review closely to ensure it is enforceable?
Answers
Jake is dissatisfied that his lease was automatically renewed. Jake should carefully examine the automatic lease agreement to make sure it is enforceable.
A lease is defined as a legal arrangement whereby the owner of an asset leases that asset to the lessee for a fixed or variable amount over a fixed or flexible period of time in exchange for payment. An implicit or written lease outlines the terms and conditions under which a lessor agrees to rent out a piece of property for use by a lessee. The lessee will have access to the property for the agreed amount of time, and the owner will continue to be paid during that time, as per the agreement. A lease is an enforceable contract that specifies the terms under which one party agrees to rent property owned by another party.
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review question 7 again. lets assume you use the cash advance option to take out $1100 cash. what is the beginning balance based on this scenario?
Answers
Assuming that you have a credit card with an available cash advance limit, if you use the cash advance option to take out $1100 in cash, then your beginning balance will increase by $1100.
This is because a cash advance is essentially a loan from the credit card company, which is added to your balance and accrues interest immediately.
For example, if your credit card had a zero balance before you took out the cash advance, then your beginning balance after the cash advance would be $1100.
On the other hand, if you already had a balance on your credit card before taking out the cash advance, then your beginning balance would be the sum of your existing balance and the cash advance amount.
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51) Gretchen expects the price level to rise from 104 this year to 108 next year, and she is able to incorporate these expectations into her wage contract. If the price level rises to 106 next year instead of 108, which of the following will occur? A) Gretchen's real wage will be unchanged. B) Gretchen's real wage will fall C) Gretchen's real wage will rise. D) Gretchen's real wage may rise or fall, depending on the unemployment rate
52) The key to understanding the short-run trade-off behind the Phillips curve is that an increase in inflation will decrease unemployment if the inflation is by both workers and firms. B) expected C) perfectly predicted D) ignored
53) Employees at the hospital have negotiated a 3 percent increase in wages for the next year, based on their inflation expectations. If inflation is actually 5 percent over the next year, which of the following will occur? A) Unemployment of hospital employees will rise. B) Real wages for hospital employees will fall. C) Inflation will be 3 percent the following year D) The increase in inflation is expected.
Answers
The Gretchen expects the price level to rise from 104 this year to 108 next year, the following will occur is Gretchen's real wage will fall, option B.
An employee receives a wage from their employer in exchange for the work they have done over a set amount of time. Compensatory payments like the minimum wage, prevailing wage, and annual bonuses are examples of wage payments, as are remunerative payments like tips and prizes. One of the costs associated with running a business is wages. Regardless of the company's profitability, it is an obligation to the employee.
Wage work is different from salaried work, in which the employer pays a set amount at regular intervals (like a week or month) regardless of how many hours worked. Commission work places restrictions on pay based on individual performance, and compensation is based on how well the company as a whole does. Non-monetary forms of compensation include employee benefits and tips or gratuities paid by clients to waged employees. Since wage labor is the most common type of work, the term "wage" sometimes refers to any and all monetary compensation given to employees.
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Complete question;
Gretchen expects the price level to rise from 104 this year to 108 next year, and she is able to incorporate these expectations into her wage contract. If the price level rises to 106 next year instead of 108, which of the following will occur?
A) Gretchen's real wage will be unchanged.
B) Gretchen's real wage will fall
C) Gretchen's real wage will rise.
D) Gretchen's real wage may rise or fall, depending on the unemployment rate
the human resources department of a large corporation maintains records on its employees. data are maintained of the following variables: age, employment category, education, whether or not the employee participates in a wellness program, and paycheck benefit deductions. which of these variables are categorical
Answers
Employment category, education, and participation in a wellness program are the categorical variables in the given scenario.
In the given scenario, the categorical variables are those that represent distinct categories or groups. Based on the provided information, the categorical variables in the employee records are:
1. Employment category: This variable likely includes categories such as full-time, part-time, temporary, or contractor. It represents the type of employment arrangement.
2. Education: This variable typically includes categories such as high school diploma, bachelor's degree, master's degree, etc. It represents the level of education attained by the employee.
3. Participation in wellness program: This variable represents whether or not an employee participates in the company's wellness program. It is likely a binary variable with categories like "yes" or "no."
Other variables mentioned, such as age and paycheck benefit deductions, are not inherently categorical. Age is a numerical variable representing a person's age in years, and paycheck benefit deductions are likely numerical values representing specific deduction amounts.
It's important to note that the specific categorical variables may vary depending on the organization's record-keeping practices and the available data.
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A yield can be paid in the form of?
Answers
Answer:
both a and b
Explanation:
abigail bought 28 shares of stock at $30.00 per share. she received dividend of $49.50 during the year. at the end of the year, her stock was valued at $43.50 per share. what was her ROI?
Answers
If her stock was valued at $43.50 per share. Her ROI is:50.89%
Return on investmentFirst step
Purchase price=(28×$30)-(28×$43.50)
Purchase price= $840-$1218
Purchase price=$378
Gain in value=$378+ $49.50
Gain in value=$427.5
Second step
ROI=$427.5/$840×100
ROI=50.89%
Therefore the ROI is $15.89%.
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