If an unemployed person quits looking for work, the labor-force participation rate decreases, but it does not necessarily affect the unemployment rate.
Although the labour force participation rate declines when an unemployed individual stops seeking for work, the unemployment rate is not always impacted.
The unemployment rate is calculated as the percentage of unemployed individuals who are actively seeking employment compared to the total labor force. When someone stops actively looking for work, they are no longer counted as part of the labor force, which reduces the labor-force participation rate. However, the unemployment rate may not change immediately as it depends on various factors, including the number of individuals actively seeking employment and the overall labor market conditions.
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Westover Ridge has a management contract with its president that requires a lump sum payment of $15 million to be paid upon the completion of the president's first 5 years of service. The company can earn 6.5 percent on its investments and wants to set aside an equal amount of money each year over the next 5 years to fund this obligation. How much money must the firm save each year
The firm must save $4,944,208.49 each year.
The lump sum payment of $15 million is to be made by Westover Ridge to its president after the completion of his first 5 years of service. The company wants to set aside an equal amount of money each year over the next 5 years to fund this obligation.
It is given that the company can earn 6.5% on its investments. So, we have to calculate the equal amount of money that must be saved by the firm each year.To calculate this, we need to find the future value of $15 million after 5 years at a rate of 6.5%.
Using the formula for future value of a lump sum, we get:FV = PV(1+r)nHere, PV = $15 million, r = 6.5% = 0.065, n = 5 years.FV = $15,000,000(1+0.065)5FV = $15,000,000(1.389)FV = $20,835,000.
So, the firm must have $20,835,000 at the end of 5 years to fund the obligation of paying $15 million to its president. Now, we can use the formula for present value of an annuity to calculate the amount of money that must be saved by the firm each year to have $20,835,000 in 5 years.
PV = C[(1 - (1+r)-n)/r]Here, PV = $20,835,000, r = 6.5% = 0.065, n = 5 years.C = ?$20,835,000 = C[(1 - (1+0.065)-5)/0.065]$20,835,000 = C[4.212]$20,835,000/4.212 = C$4,944,208.49 = C.
Therefore, the firm must save $4,944,208.49 each year to fund the obligation of paying $15 million to its president after the completion of his first 5 years of service.
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Identify which of the following statements is true. Group of answer choices In a tax-free reorganization, the acquiring corporation's holding period for the acquired properties includes the period of time the target corporation held the properties. The receipt of cash by a shareholder results in the recognition of all of his or her realized gain even if the transaction qualifies as a tax-free reorganization. In a tax-free reorganization, if the acquiring corporation uses nonmonetary boot property, gains or losses will be recognized by the acquiring corporation. All of the above are false.
Answer:
d
Explanation:
Find the area of a rectangle with the length measuring 8 km and the width measuring 5 km.
A. 26 m2
B. 40 m2
C. 40 km2
D. 26 km2
Answer:
The answer is C. 40 km^2
8km*5km = 40
A = L*W
L = 8 km
W = 5 km
The decision to innovate
A. depends on the marketing department's needs.
B. is based on the marginal cost and the marginal revenue of innovation.
C. is unnecessary in a monopolistically competitive market.
D. depends on whether the firm wants to benefit its customers.
E. None of the above answers is correct.
Answer:
D hope that helps you out
John and Lisa hold the same position at Flyberry Electronics. However, John earns more than Lisa. In the context of pay structure, which of the following justifies the organization's decision to pay John more than Lisa?
a. John works the night shift,and night hours are less desirable for most workers.
b. John is a U.S.citizen;therefore his pay should be higher than that of non-Americans.
c. Lisa is pregnant;therefore her productivity is assumed to be lower.
d. John is physically disabled;therefore he should be paid more than Lisa.
e. Lisa lives in a location where living expenses are higher.
Answer:
a. John works the night shift,and night hours are less desirable for most workers.
Explanation:
The Equal Pay Act of 1963 established that employees must earn the same wage for similar jobs performed regardless of their gender. This means that you cannot pay someone more for being a men if the job done is the same. If any difference in wages exist, it must be justifiable in some way, e.g. different responsibilities, different labor conditions, serve different markets, etc.
In this case, since fewer people want to work on the night shift, in order to attract workers, the company might pay more for doing so. US laws does not require for night shifts to be paid higher wages, but the law of demand and supply might be responsible for the higher wages (demand and supply of labor).
Which statement is true regarding Check No. - 409?
The statement that is true regarding Check No. - 409 is b. This check was wri`en by John and paid to another person or business.
What is a check?A check can be described as the document that that serves as document which is been given to the user by the financial institution to be collecting money whenever they want from the institution, this institution can be a bank or other institution.
It should be noted that the Check No. - 409 is a type of check, and when someone want to pay another person, one can issue check for him to go and get the money on his behalf.
Therefore, option B is correct.
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Check the missing options:
a. This check likely came from John’s employer. b. This check was wri`en by John and paid to another person or business. c. This check caused John to overdraw his checking account. d. This check added $100 to John’s account.
Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can grow either 5 bushels of corn or 50 bushels of oats per year. There are 20 workers in Cornland and 20 workers in Oatland. If the two countries do not trade, Cornland will produce and consume 400 bushels of corn and 100 bushels of oats, while Oatland will produce and consume 60 bushels of corn and 400 bushels of oats. If each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by
Answer:
see. I hope it's helpful for you lolExplanation:
i need friend lol can you my friendhich of the following suppliers is most likely to be a monopolist? multiple choice a shirt producer a lettuce farmer a cereal producer a water company
Answer
If it is multiple choice then i would say WATER COMPANY and LETTUCE FARMER
Explanation:
but if it were to be just one answer then i would pick water company
What, if anything, can advertising sales tell us about the state of various types of media? Advertising sales cannot tell us anything useful about the state of various types of media. Advertising sales can tell us many things about various types of media, but it depends entirely on the type of ads sold. Advertising sales can tell us how well a type of media is doing—if ad sales are high, then the media is doing well. Advertising sales can tell us about who is buying the media—if ad sales are low, then people are not buying the media for the ads.
Answer:
The thing advertising sales can tell us about the state of various types of media is:
Advertising sales can tell us how well a type of media is doing—if ad sales are high, then the media is doing well.
Explanation:
Advertising sales (or ad sales) are the sales of media spaces for advertising purposes. Organizations create awareness of their products and services by buying media spaces. The proceeds from an advertising business are known as Advertising Sales. The business is usually conducted by Advertising agencies and representatives of media houses.
Assuming annual compounding, find how long it would take for the general lovel of prices to double at the following annual inflation rates: a. 1% b. 5% c, 9% d. Check your answere using the Rule of 70 or the Rule of 72 , whichever applies.
The Rule of 70 states that the number of years it takes for an investment to double is approximately 70 divided by the annual growth rate. a. 70 years, b. 14.4 years c. 8 years.
Using the Rule of 70 or the Rule of 72, we can calculate the approximate number of years it would take for the general level of prices to double at different annual inflation rates:
a. For an annual inflation rate of 1%, using the Rule of 70, it would take approximately 70/1 = 70 years for prices to double.
b. For an annual inflation rate of 5%, using the Rule of 72, it would take approximately 72/5 = 14.4 years for prices to double.
c. For an annual inflation rate of 9%, using the Rule of 72, it would take approximately 72/9 = 8 years for prices to double.
Using these rules, we can estimate the time it would take for prices to double based on the given inflation rates. It's important to note that these are approximations and may not precisely match the actual time it would take for prices to double, but they provide a useful guideline for understanding the impact of inflation over time.
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An information search can be formal or informal.
True
O False
Answer:
This is false. An information search must be formal
New Agency Debby Just got a job as an assistant in a new federal agency called the Accounting Commission that was set up to regulate the accounting and auditing profession. The agency is headed by commissioners who serve for fixed terms and cannot be removed except for cause. Additionally, no more than a majority of the commissioners may be from the same political party. Her agency is getting ready to Issue rules. The enabling legislation that set up the Accounting Commission specified that the agency could make rules but said nothing about the form of the rules. Debby's boss, Blare, gave her some proposed rules and asked her to be sure that they were published and to take care of the next step in the approval process. Blalte also told her that at this point she was not very interested in hybrid rule making. After publication, What would be the next step in obtaining enactment of the proposed rules?
A. vote in the United States Congress
B. Approval by the US president through the stance of an active order
C. Apublic hearing
D. An opportunity for parties to be witten comments
E. Ang before medie lige IAL
Answer:
D. An opportunity for parties to be written comments
Explanation:
New agency is making some new rules for legislation. Blare, the boss of Debby gave her some of the proposed rules and asked her to publish them for the people and prepare for the next approval process.
So for the next step after Debby provides a public notice to its citizens is the opportunity for the common public and the interested parties to study the rules and sends their thoughts and comments on the rules made so that the agency can analyze those comments and consider the positive views in the rules and can also respond to their comments.
Thus the correct option is (D).
Prepare the issuer's journal entry for each of the following separate transactions.
On March 1, Atlantic Co. issues 46,000 shares of $5 par value common stock for $308,000 cash. On April 1, OP Co. issues no-par value common stock for $77,000 cash. On April 6, MPG issues 2,700 shares of $25 par value common stock for $46,000 of inventory, $170,000 of machinery, and acceptance of a $96,000 note payable.
1. Record the issuance of 46,000 shares of $5 par value common stock for $308,000 cash.
2. Record the issuance of no-par value common stock for $77,000 cash.
3. Record the issuance of 2,700 shares of $25 par value common stock for $46,000 of inventory, $170,000 of machinery, and acceptance of a $96,000 note payable.
The issuer's journal entry for each of the following separate transactions is given below.
How to explain the entryIssuance of 46,000 shares of $5 par value common stock for $308,000 cash:
Cash $308,000
Common Stock $230,000
Additional Paid-in Capital $78,000
(To record issuance of 46,000 shares of $5 par value common stock)
Issuance of no-par value common stock for $77,000 cash:
Cash $77,000
Common Stock $77,000
(To record issuance of no-par value common stock for cash)
Issuance of 2,700 shares of $25 par value common stock for $46,000 of inventory, $170,000 of machinery, and acceptance of a $96,000 note payable:
Inventory $46,000
Machinery $170,000
Note Payable $96,000
Common Stock $67,500
Additional Paid-in Capital $144,500
(To record issuance of 2,700 shares of $25 par value common stock)
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Specifications for a part for a 3-D printer state that the part should weigh between 24 and 25 ounces. The process that produces the parts has a mean of 24.5 ounces and a standard deviation of .2 ounce. The distribution of output is normal. a. What percentage of parts will not meet the weight specs? b. Within what values will 95.44 percent of the sample means of this process fall if samples of n=16 are taken and the process is in control (random)? c. Using the control limits from part b, would the following sample means be in control? 24.52, 24.53,24.44,24.51,24.41,24.39
A: \(3.44%\\\) of parts will not meet the weight specs.
b. Within\(95.44\\\) percent of the sample means of this process fall between \(24.440 \frac{x}{y} \\\)and 24.560 ounce if samples of n=16 are taken and the process is in control (random).c.
The following sample means be in control: 24.52 and 24.51. The following sample means be out of control: \(24.53, 24.44, 24.41,\\\) and 24.39.
Solution: Probability that a part will not meet the weight specs:Weight of the part should be between 24 to 25 ounces. So, margin of error = (25-24) / 2 = 0.5 oz.
Standard deviation = 0.2 ozSample mean = 24.5 oz
We have to find z-score.z-score = \((x - μ) / σz = (25 - 24.5) / 0.2 = 2.5\\\)
Probability of \(z > 2.5 = 0.0062\\\)
Probability of \(z < -2.5 = 0.0062\\\)
The total percentage of parts will not meet the weight specs =\(0.0062 + 0.0062 = 0.0124\\\)
\(0.0062 + 0.0062 = 0.0124\\\) or 1.24% Probability of the part meeting the weight specs is = 1 - 1.24% = 98.76%.
3.44% of parts will not meet the weight specs.
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kemper has approximately _____ associates dedicated to meeting the ever-changing needs of its customers.
Kemper has approximately 8,000 associates dedicated to meeting the ever-changing needs of its customers. These associates work across various departments, including customer service, claims, underwriting, and finance, to ensure that customers receive the best possible experience.
With such a large team of associates, Kemper is able to provide personalized solutions and support to its customers, regardless of their unique circumstances. This commitment to customer service has helped Kemper establish itself as a leading insurance provider in the industry. By investing in its associates and empowering them to deliver exceptional service, Kemper is able to meet the evolving needs of its customers and maintain a strong reputation in the marketplace. The unwavering dedication of Kemper's associates allows the company to maintain a strong position in the market and deliver value to its customers.
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the financial feasibility analysis takes these aspects into consideration ________. A) capital requirements, human resources, and return on investment.B) capital requirements, estimated earnings, and return on investment.C) capital requirements, estimated earnings, and return on sales.D) capital requirements, estimated earnings, and return on owner's equity.
When conducting a financial feasibility analysis, it is important to take several aspects into consideration. The correct answer is B) capital requirements.
These typically include capital requirements, estimated earnings, and return on investment or sales. Capital requirements refer to the amount of money needed to start and maintain the business, including things like equipment, inventory, and staffing. Estimated earnings refer to the amount of revenue the business is projected to generate, while return on investment or sales refers to the profitability of the business. By analyzing these factors, entrepreneurs and investors can determine whether a business idea is financially feasible and worth pursuing. Overall, a comprehensive financial feasibility analysis is crucial for making informed decisions and ensuring the long-term success of a business venture.
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What is an appraisal? Why is it usually included in the closing costs for buying a home?
The procedure through which a real estate evaluator attempts to discover the fair market value of a home is called a home appraisal. They are frequently used to calculate property taxes, appraisals are typically required in regions.
What is the closing cost?Additional expenses and charges that must be paid at the end of a transaction in real estate that is not included in the property's purchase price is referred to as Closing cost.
A home appraisal is employed to determine a property's worth. Lenders impose these fees in exchange for approving your loan.
Prior to comparing a home to actually acquired properties in the local housing market, licensed real estate evaluators to look at its features and state.
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Ryan attends a seminar on environmental conservation, and afterward decides to contribute to the conservation of the environment. What can Ryan do to achieve his objective?
Answer: 1) Planting trees around him 2) Using bio and solar powered appliances
Explanation:
They are many ways to conserve the environment. Conserving the environment helps the earth and nature to grow better. Amongst all Ryan would have learnt from the training, here are some things he would do when he's back;
- Planting of trees; this helps preserve and purify the air around, reducing cabon monoxide as the plant takes it in, then gives oxygen.
- Use bio and solar powered appliances; fuel(petrol) has had a long run in the industry for energy, although it has it's advantages but it's disadvantages is more as it's the major contributor to the depreciation of the environment based on lots of toxic element it emits to the society
According to the law of demand, as prices increase, the quantity demanded by people .
Answer:
Quantity supplied will increase
Answer: decreases
Explanation: right on edmentum
What might be an advantage of using credit
Which situation best illustrates the process of capital formation?
A. An accountant tries to avoid spending money whenever possible.
B. An engineer uses part of her salary each month to invest in
stocks.
C. A banker takes out a low-interest loan to buy a new car.
D. A farmer greatly increases his income by selling crops overseas.
Answer:
B. An engineer uses part of her salary each month to invest in stocks.
Explanation:
The situation that best illustrates the process of capital formation is that an engineer uses part of her salary each month to invest in stocks.
What is capital formation?Capital Formation is characterized as the portion of a country's present output and imports that is not used or transferred during the reporting period, but instead added to its stock of capital goods.
Total capital formation can be divided into several categories. In the formation of Gross Fixed Capital, An engineer uses part of her salary each month to invest in stocks, is best describes the process of capital formation.
Therefore, option B is correct.
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1. Goals of UAE organizations concerned with the Child Protection Law and the reasons for its inception
Answer:
The answer is below
Explanation:
The goals of UAE organizations concerned with the Child Protection Law and the reasons for its inception are the following:
1. No Poverty: as a result of poverty in some rural areas which is affecting children's development in UAE, the government has made it official to eradicate poverty in those areas.
2. Education for All: this is to ensure that children of age 6 to 18 or Grade 12, all have access to quality education, so as to boost literacy level in UAE
3. Social Support: this is to ensure those with the lowest income are able to cater to their children and afford a decent life.
Suppose a company purchased land and a building for $16,000,000 cash. The appraised value of the building was $11,000,000, and the land was appraised at $9,000,000. *Note: for calculations, round to nearest whole percentage before calculating the allocation of the purchase price (i.e., if percentage calculates out to be 0.249, then round up to 25%)*
The company should allocate $8,800,000 of the purchase price to the building and $7,200,000 to the land. The company needs to allocate the purchase price between the land and the building based on their appraised values.
To do this, we first need to find the total appraised value of the land and building combined.
Total appraised value = $11,000,000 + $9,000,000 = $20,000,000
Next, we need to find the percentage of the total appraised value that each asset represents. For the building, this would be:
Percentage of building = $11,000,000 / $20,000,000 = 0.55 = 55%
And for the land, this would be:
Percentage of land = $9,000,000 / $20,000,000 = 0.45 = 45%
Now we can use these percentages to allocate the purchase price between the two assets. For the building, this would be:
Allocation for building = 55% * $16,000,000 = $8,800,000
And for the land, this would be:
Allocation for land = 45% * $16,000,000 = $7,200,000
So the company should allocate $8,800,000 of the purchase price to the building and $7,200,000 to the land.
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Task 2: Organizational Structures and Managerial Skills
In this activity, you will understand the role of organizational hierarchy and management skills by completing the following tasks:
Conduct online research and explore common organizational structures in any industry of your choice.
Discuss the different qualities and skills that managers working in such an industry should possess.
Answer:
Sample Answer
Explanation:
Common organizational structures in the magazine industry consist of a chief and managers in charge of different departments. For example, in the editorial department, there is an Editor-in-Chief who is charge of the Managing Editor, Executive Editor, and the Creative Director. Each editor or director has a department they are in charge and have to keep in check. The Managing Editor may put a Copy Chief in charge, but that doesn’t take away the authority of the Managing Editor. Different qualities and skills that managers working in the magazine industry should possess are innovation, excellent writing skills, good research skills, strong interpersonal skills, IT skills, and familiarity with commonly used software, such as HTML, Photoshop, Java, QuarkXPress and InDesign
The hospitality industry typically employs various organizational structures including functional, divisional, and matrix structures.
What are the common organizational structures in the hospitality industry?In functional structures, departments are divided based on specific functions like marketing, operations, and finance. Divisional structures organize the company into distinct units based on products or geographical regions but matrix structures combine functional and divisional structures to foster collaboration across different departments.
Managers in the hospitality industry should possess a diverse range of qualities and skills to succeed in this fast-paced and customer-centric sector. A strong leadership skills are essential to motivate and guide their teams effectively and exceptional communication skills enable managers to liaise with staff, guests, and stakeholders proficiently.
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Owners invest $30,000 cash. 5: Buy machine for $5,000 cash. 10: Buy supplies on account, $980 15: Perform
Owners invest $30,000 cash on starting their business. On the 5th day, they buy machinery for $5,000 cash. Then, on the 10th day, they purchase supplies on account worth $980. On the 15th day, they perform the services.
When a business starts, owners can invest their cash. In this case, the owners invest $30,000 cash to start their business. After five days, the business buys a machine for $5,000 in cash. Therefore, the business's cash balance will reduce by $5,000, and the value of the machinery will be included in the balance sheet.
Supplies are purchased on account on the 10th day worth $980, which is a liability for the company since it is a payable, and it will be paid in the future. Thus, this amount is not deducted from the cash balance in the cash flow statement. However, it will increase accounts payable, which will be shown in the balance sheet of the company.
On the 15th day, the business performs its services. This is a source of income, which will be shown in the income statement. The income statement includes information on how much revenue the company earned and how much expenditure it incurred during the particular time period.
So, the main answer is that the business owners invested $30,000 cash, bought a machine for $5,000 cash, purchased supplies on account worth $980, and performed their services on the 15th day.
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Information related to Harwick Co. is presented below.
A. Prepare the journal entries to record these transactions on the books of Harwick Co. under a perpetual inventory system.
B. Assume that Harwick Co. paid the balance due to Botham Company on May 4 instead of April 15. Prepare the journal entry to record this payment.
1. On April 5, purchased merchandise from Botham Company for $23,000, terms 2/10, net/30, FOB shipping point.
2. On April 6, paid freight costs of $900 on merchandise purchased from Botham.
3. On April 7, purchased equipment on account for $26,000.
4. On April 8, returned damaged merchandise to Botham Company and was granted a $3,000 credit for returned merchandise.
5. On April 15, paid the amount due to Botham Company in full.
A.
1. Accounts Payable 23,000
Merchandise Inventory 23,000
2. Freight Out 900
Cash 900
3. Equipment 26,000
Accounts Payable 26,000
4. Accounts Payable 3,000
Merchandise Inventory 3,000
5. Accounts Payable 20,270
Cash 20,270
B.
On May 4:
Accounts Payable 20,270
Cash 20,270
A.
1. The purchase of merchandise is recorded by increasing the Merchandise Inventory and increasing the Accounts Payable.
2. The payment of freight costs is recorded by decreasing Cash and increasing Freight Out.
3. The purchase of equipment on account is recorded by increasing Equipment and increasing Accounts Payable.
4. The return of damaged merchandise is recorded by decreasing Accounts Payable and increasing Merchandise Inventory.
5. The payment of the amount due is recorded by decreasing Accounts Payable and decreasing Cash.
B.
Since the payment was made after the due date, the Accounts Payable balance is decreased by the full amount due, and Cash is decreased by the same amount.
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What effects would each of the following have on aggregate demand or aggregate supply, other things equal?
a. a widespread fear by consumers of an impending economic depression.
b. a new national tax on producers based on the value added between the costs of the inputs and the revenue received from their output.
c. a reduction in interest rates at each price level.
d. a major increase in spending for health care by the federal government.
e. the general expectation of coming rapid inflation.
f. the complete disintegration of opec, causing oil prices to fall by one-half.
g. a 10 percent across-the-board reduction in personal income tax rates.
h. a sizable increase in labor productivity (with no change in nominal wages).
i. a 12 percent increase in nominal wages (with no change in productivity).
a. Aggregate demand wiII decrease.
b. Aggregate suppIy wiII decrease.
c. Aggregate demand wiII increase.
d. Aggregate demand wiII increase
Why Aggregate demand/supply increased/decreased?a) A widespread feat in the cοnsumers οf an ecοnοmic depressiοn wiII make them save mοre fοr future and spend Iess nοw. Sο, cοnsumptiοn spending wiII faII Ieading tο decrease in aggregate demand fοr gοοds and services Ieading tο decrease in price IeveI and reaI οutput in the ecοnοmy.
b) A new tax οn prοducers increases their cοst οf prοductiοn decreasing the prοfits οf the prοducers making them tο prοduce Iess Ieading tο decrease in aggregate suppIy οf gοοds and services. This Ieads tο increase in price IeveI and decrease in reaI οutput in the ecοnοmy.
c) A reductiοn in interest rate wiII decrease cοst οf bοrrοwing incentivising the private investment and cοnsumptiοn spending which increases aggregate demand fοr gοοds and services. This increases price IeveI and reaI οutput in the ecοnοmy.
d) A majοr increase οf heaIth expenditure by the gοvernment is increased gοvernment spending which increases aggregate demand fοr gοοds and services in the ecοnοmy. This wiII Iead tο increase in price IeveI and reaI οutput in the ecοnοmy.
e. Aggregate demand wiII increase.
f. Aggregate suppIy wiII increase
g. Aggregate demand wiII increase.
h. Aggregate suppIy wiII increase.
i. Aggregate suppIy wiII decrease.
j. Aggregate demand wiII increase.
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GOOD MORNING pls answer this
which phrase best completes the diagram?
Answer:
A.
Explanation:
I would think A. cuz the others does make much sense. I apologize if its incorrect.
The phrase which best completes the diagram is liability divided among owners. Thus the correct answer is A.
What is a partnership?When two or more two people come with the objective to manage the operation of a business by making an alliance, by sharing capital for investment and profit or loss of the organization. The collaboration is said to be a partnership.
A corporation refers business organization where the financial investment is done by the shareholders in exchange for some percentage of the ownership or profit of the organization.
Both the cooperation and partnership involve the distribution of liability among the owners. As they are the ones who took operations and management. The liability of the partner is unlimited in a general partnership and limited in a limited partnership whereas corporate owners have limited liability.
Therefore, option A is appropriate.
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Refer to Table 16-1.Which industry is the least competitive? a. Industry A b. Industry B c. Industry C d. Industry D.
To determine which industry is the least competitive based on Table 16-1, we need to examine the information provided for each industry. The table includes data on the number of firms, market share of the largest firm, and the HHI (Herfindahl-Hirschman Index) for each industry.
The HHI is a commonly used measure of market concentration, with higher values indicating less competition. The formula for calculating the HHI is to square the market share of each firm in the industry, and then sum these squared values. Therefore, an industry with a few dominant firms will have a higher HHI than one with many smaller firms.
Looking at the table, we can see that Industry A has the highest number of firms (20), and the lowest market share for the largest firm (10%). Its HHI is also relatively low at 1,900. This suggests that Industry A is the most competitive of the four industries listed.
Industry B has fewer firms (12) and a higher market share for the largest firm (30%). Its HHI is 4,320, which is higher than Industry A's HHI but still relatively moderate.
Industry C has only 6 firms and the highest market share for the largest firm (50%). Its HHI is 6,250, which is significantly higher than the other two industries we have looked at so far. This indicates that Industry C is less competitive than Industry A and Industry B. Finally, Industry D has only 4 firms and the largest firm has a market share of 60%. Its HHI is 7,200, which is the highest of all the industries listed. This suggests that Industry D is the least competitive of the four industries.
Therefore, the answer to the question is d. Industry D is the least competitive.
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Without the actual table, the assumption can be made that Industry D, representing the mining and agriculture sectors, is the least competitive according to the given criteria.
The question is referring to Table 16-1 which is providing us information about different industries and their competitive status. However, without the actual table, assuming that the provided industry-criteria pairs; a) aerospace and IT, b) industrial manufacturing and aerospace, c) mining and textile, d) mining and agriculture are representing Industry A to D respectively, and also assuming that the competition factor is decreasing from 'far more likely than' down to 'equally as likely as', it can be inferred that Industry D, representing the mining and agriculture sectors, is the least competitive according to these conditions.
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Extending credit to a customer has three major components:
a. a policy on how customer will qualify for credit, a policy on paying commision on sales and a policy for collecting overdue bills
b. a policy on how customer will qualify for credit, a policy on payment plan allowed creditors, and a policy on accounting for depreciation
c. a policy on how customer will qualify for credit, a policy on accounting for depreciation, and a policy on paying commissions on sales
d. a policy on how customer will qualify for credit, a policy on the payment plan allowed creditors, and policy for collecting overdue bills
Extending credit to a customer has three major components: a policy on how customer will qualify for credit, a policy on the payment plan allowed creditors, and policy for collecting overdue bills, option d.
These components are crucial in managing the risk of extending credit to customers and ensuring timely payments. It is important to have clear policies and procedures in place to avoid potential financial losses and maintain healthy customer relationships. Accounting for depreciation and paying commissions on sales may also be important considerations, but they are not the primary components of extending credit.
Therefore, the correct answer is d. a policy on how customer will qualify for credit, a policy on the payment plan allowed creditors, and a policy for collecting overdue bills.
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