Suppose a country has an overall balance of trade so that exports of goods and services equal imports of goods and services. Does that imply that the country has balanced trade with each of its trading partners

Answers

Answer 1

The country's overall trade balance is determined by the aggregate value of its exports and imports, rather than individual trading relationships.

It's important to note that having an overall balance of trade, where a country's exports of goods and services equal its imports of goods and services, does not necessarily imply that the country has balanced trade with each of its trading partners.

A balanced trade refers to a situation where the value of imports is equal to the value of exports for a specific trading partner. However, a country can have an overall balance of trade by having trade surpluses with some trading partners and trade deficits with others. A trade surplus occurs when the value of exports exceeds the value of imports, and a trade deficit occurs when the value of imports exceeds the value of exports.

In such a scenario, the surpluses and deficits would offset each other, resulting in an overall balance of trade for the country. This implies that a country can still achieve an overall balance of trade even if it does not have balanced trade with each of its trading partners.

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Related Questions

como hacen las siclas para que uno no se caiga

Answers

con materials duro que aguantan bastante peso.

Answer:

lo que dijo thay

Explanation:

what is the formula for velocity ​

Answers

You can find velocity by dividing the distance by the time. v = d/t

HELP PLEASE!!!!


In general, reducing the monthly payment (P) of a credit card but keeping the interest rate (i) and present value (PV) the same will __________.


a. decrease the number of periods (n) needed to pay off the debt

b. increase the number of periods (n) needed to pay off the debt

c. eliminate the number of periods (n) needed to pay off the debt

d. have no effect on the number of periods (n) needed to pay off the debt


The answer is B. Just took the test

HELP PLEASE!!!! In general, reducing the monthly payment (P) of a credit card but keeping the interest

Answers

Answer:

B. ¯\_(ツ)_/¯ᵐᵃʸᵇᵉ cause yeah

Reducing the monthly payment (P) of a credit card but keeping the interest rate (i) and present value (PV) the same will increase the number of periods (n) needed to pay off the debt.

What is an Interest rate?

Interest is paid by a borrower and this is the amount of money that is added to the money borrowed.

Interest is usually recovered with the money borrowed in bits and the rate or amount is determined by the lender.

There is a given period to pay a loan depending on the amount borrowed the more you pay the lesser the time of repayment.

Therefore, reducing the monthly payment (P) of a credit card but keeping the interest rate (i) and present value (PV) the same will increase the number of periods (n) needed to pay off the debt.

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1. Some bacteria are helpful to the body and:
a. cause cavities
b. die quickly outside other living cells
c. help the digestive system function properly
d. give you energy

2. Germs produce toxins in the body that can make you:
a. sneeze a lot
b. cough
c. have diarrhea
d. all of the above

3.List three ways to keep germs from spreading.


4. Describe the proper way to wash hands.

5. Describe what the immune system does for the body.

6. An antigen:
a. is an unknown substance that infects the body
b. is a protein that attaches itself to germs to get rid of them
c. destroys germs in the body
d. is a type of immunity you are born with

7. True or false: Vaccinations help to provide us with adaptive immunity, which is immunity that develops as we are exposed to diseases. T F


8. White blood cells help to:
a. infect the body
b. provide passive immunity
c. destroy infections
d. weaken your immune system

9. A specialized protein that recognizes invaders to the body and attaches to them is called:
a. an antigen
b. an antibody
c. a complement
d. a T cell

10. True or false: It’s OK not to wash my hands after using the bathroom at home because it's cleaner than a public restroom. T F

Answers

Answer:

I messaged you the asnwer.

Explanation:

The computer accessories that Javier is making and
selling are bringing in a substantial amount of money
for him. Inspired by this success, he decides to hire two
people and expand his business.
A.international competition
B.consumer sovereignty
C.wealth creation
D.property rights
E.profit motive

Answers

Answer:

E. Profit motive

Explanation:

Profit motive can be defined as the intention, motivation or desire to form a business or engage in business ventures so as to generate financial (monetary) gains.

This ultimately implies that, profit motive is a desire for monetary gains (profits) which motivates a business owner to engage in the sales of finished goods or services.

Hence, profit motive is the premise on which all businesses are built on because the ultimate goal of every business is to achieve financial gains.

In this scenario, the computer accessories that Javier is making and selling are bringing in a substantial amount of money for him. Inspired by this success, he decides to hire two people and expand his business.

Thus, this is an example of profit motive.

Which type of document typically includes contract contingencies?
Purchase and sale agreement.
O Assignment of contract.
Appraisal.
O Option contract.

Which type of document typically includes contract contingencies?Purchase and sale agreement.O Assignment

Answers

Answer:

A.

Explanation:

A project has a budget of Rs10 Million and schedule for 10 months. It is assumed that the total budget will be spent equally each month until the 10th month is reached. After 2 months, the project manager finds that only 5% of the work is finished and a total of Rs1 Million spent. (i) Calculate the Budgeted Cost for Work Scheduled (BCWS)/Planned Value (PV). [2 marks] (ii) Calculate the Budgeted Cost for Work Performed (BCWP)/Earned Value (EV). [2 marks] (iii) Calculate the variance (CV) and determine whether the project is under or over budget. [2 marks] (iv) Calculate the scheduled variance (SV) and determine whether the project is behind or ahead of schedule. [2 marks] (v) Calculate the cost performance index (CPI) and determine whether the project is over or under budget. [2 marks] (vi) Calculate the schedule performance index (SPI) and determine whether the project is ahead or behind schedule. (vii) Calculate the Estimate at Completion (EAC). [2 marks] (viii) Calculate the Estimate to complete (ETC). [2 marks] (ix) Calculate the time required to complete the project. [2 marks] (x) Calculate the amount of time this project will take to complete.

Answers

(i) Budgeted Cost for Work Scheduled (BCWS)/Planned Value (PV): Rs2 Million

(ii) Budgeted Cost for Work Performed (BCWP)/Earned Value (EV): Rs0.5 Million

(iii) Variance (CV): -Rs0.5 Million (project is over budget)

(iv) Schedule Variance (SV): -Rs1.5 Million (project is behind schedule)

(v) Cost Performance Index (CPI): 0.5 (project is over budget)

(vi) Schedule Performance Index (SPI): 0.25 (project is behind schedule) (vii) Estimate at Completion (EAC): Rs10.5 Million

(viii) Estimate to Complete (ETC): Rs9.5 Million

(ix) Time required to complete the project: 8 months

(x) Amount of time this project will take to complete: 10 months

(i) The Budgeted Cost for Work Scheduled (BCWS) or Planned Value (PV) can be calculated by dividing the total budget (Rs10 Million) equally over the 10 months of the project.

So, BCWS = Total budget / Number of months = Rs10 Million / 10

= Rs1 Million.

(ii) The Budgeted Cost for Work Performed (BCWP) or Earned Value (EV) is the percentage of work completed multiplied by the total budget. Since only 5% of the work is finished, BCWP = 5% * Rs10 Million

= Rs0.5 Million.

(iii) The Cost Variance (CV) can be calculated by subtracting the Actual Cost (AC) from the BCWP. In this case, AC = Rs1 Million.

So, CV = BCWP - AC

= Rs0.5 Million - Rs1 Million

= -Rs0.5 Million.

Since the CV is negative, the project is over budget.

(iv) The Schedule Variance (SV) can be calculated by subtracting the Budgeted Cost for Work Scheduled (BCWS) from the Budgeted Cost for Work Performed (BCWP).

In this case, SV = BCWP - BCWS

= Rs0.5 Million - Rs1 Million

= -Rs0.5 Million.

Since the SV is negative, the project is behind schedule.

(v) The Cost Performance Index (CPI) can be calculated by dividing the Budgeted Cost for Work Performed (BCWP) by the Actual Cost (AC).

In this case, CPI = BCWP / AC

= Rs0.5 Million / Rs1 Million

= 0.5.

Since the CPI is less than 1, the project is over budget.

(vi) The Schedule Performance Index (SPI) can be calculated by dividing the Budgeted Cost for Work Performed (BCWP) by the Budgeted Cost for Work Scheduled (BCWS).

In this case, SPI = BCWP / BCWS

= Rs0.5 Million / Rs1 Million

= 0.5. Since the SPI is less than 1, the project is behind schedule.

(vii) The Estimate at Completion (EAC) can be calculated by dividing the Budgeted Cost for Work Scheduled (BCWS) by the Cost Performance Index (CPI). In this case, EAC = BCWS / CPI = Rs1 Million / 0.5 = Rs2 Million.

(viii) The Estimate to Complete (ETC) can be calculated by subtracting the Actual Cost (AC) from the Estimate at Completion (EAC).

In this case, ETC = EAC - AC

= Rs2 Million - Rs1 Million

= Rs1 Million.

(ix) The time required to complete the project can be calculated by subtracting the number of months already spent (2 months) from the total number of months (10 months).

So, the time required to complete the project is 10 months - 2 months = 8 months.

(x) The amount of time this project will take to complete is 10 months.

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Given that the total spent after 2 months is Rs1 Million, the CV is Rs1 Million minus Rs1 Million, which equals zero. This means the project is on budget.

(i) To calculate the Budgeted Cost for Work Scheduled (BCWS)/Planned Value (PV), we need to find the planned cost for the work scheduled at the end of 2 months.

Since the total budget is Rs10 Million and the project is scheduled for 10 months, the planned cost for each month is Rs1 Million (Rs10 Million divided by 10 months).

After 2 months, the planned cost would be Rs2 Million (Rs1 Million per month x 2 months). Therefore, the BCWS/PV is Rs2 Million.

(ii) To calculate the Budgeted Cost for Work Performed (BCWP)/Earned Value (EV), we need to find the value of the work actually completed at the end of 2 months.

Given that only 5% of the work is finished, the value of the work completed is 5% of the total budget, which is Rs1 Million (5% of Rs10 Million). Therefore, the BCWP/EV is Rs1 Million.

(iii) To calculate the variance (CV) and determine whether the project is under or over budget, we can subtract the actual cost (AC) from the BCWP.

Given that the total spent after 2 months is Rs1 Million, the CV is Rs1 Million minus Rs1 Million, which equals zero. This means the project is on budget.

(iv) To calculate the scheduled variance (SV) and determine whether the project is behind or ahead of schedule, we can subtract the BCWS from the BCWP.

The BCWP is Rs1 Million and the BCWS is Rs2 Million. Therefore, the SV is Rs1 Million minus Rs2 Million, which equals negative Rs1 Million. This means the project is behind schedule.

(v) To calculate the cost performance index (CPI) and determine whether the project is over or under budget, we can divide the BCWP by the AC.

The BCWP is Rs1 Million and the AC is Rs1 Million. Therefore, the CPI is Rs1 Million divided by Rs1 Million, which equals 1. This means the project is on budget.

(vi) To calculate the schedule performance index (SPI) and determine whether the project is ahead or behind schedule, we can divide the BCWP by the BCWS.

The BCWP is Rs1 Million and the BCWS is Rs2 Million. Therefore, the SPI is Rs1 Million divided by Rs2 Million, which equals 0.5. This means the project is behind schedule.

(vii) To calculate the Estimate at Completion (EAC), we can use the formula EAC = AC + (BCWS - BCWP).

The AC is Rs1 Million, the BCWS is Rs2 Million, and the BCWP is Rs1 Million. Therefore, the EAC is Rs1 Million + (Rs2 Million - Rs1 Million), which equals Rs2 Million.

(viii) To calculate the Estimate to Complete (ETC), we can use the formula ETC = EAC - AC.

The EAC is Rs2 Million and the AC is Rs1 Million. Therefore, the ETC is Rs2 Million - Rs1 Million, which equals Rs1 Million.

(ix) The time required to complete the project is already given as 10 months.

(x) The amount of time this project will take to complete is 10 months.

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Explain the difference between fixed costs and variable costs for firms, using Internet grocery shopping as an example.

Answers

Explanation:

Fixed cost is the cost that is constant for each unit of the item produced and does not depend upon the quantity of production. Fixed cost may include rent payment, insurance, interest payment.

whereas variable cost are cost that vary with quantity of output produced. It may include, labor cost, commissions, raw material, etc.

For Internet grocery shopping fixed cost can be cost of storing the grocery, insurance of inventory, electricity payment, cost of delivery to the customer, etc. whereas variable cost may be discount offered on quantity of purchase, Sale offers to attract customers, etc.

If the expected rate of inflation is 3 percent and the bank charges 5 percent interest for a loan, which of the following is true?
The real interest rate is 8 percent. The nominal interest rate is 3 percent. The real interest rate is 2 percent. The bank will benefit if actual inflation is higher than 3 percent. The bank is not benefiting from any loan with those figures.

Answers

Answer:

C) The real interest rate is 2 percent.

The real interest rate is 2 percent.

To calculate the real interest rate, you subtract the expected inflation rate from the nominal interest rate, which is the bank's interest rate for a loan. In this case, the nominal interest rate is 5 percent, and the expected inflation rate is 3 percent.

Therefore, the real interest rate is 5 percent - 3 percent = 2 percent. The real interest rate reflects the true cost of borrowing money, accounting for the erosion of purchasing power due to inflation.

If the actual inflation rate is higher than the expected inflation rate, the bank may benefit since the real interest rate would be lower than anticipated, meaning borrowers would be paying back money that has lost more value than initially expected.

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help plz!!
Economists make economic predictions using:
A) educated guesses based solely on their opinion.
B) data about the economy from the past.
C) information only about other nations.
D) data about how outside economies allocate their resources.
Thanks!!

Answers

Answer:

\(hi \: james\)

The answer is :

B) data about the economy from the past.

I hope it helps

have a nice day

#Captainpower

The answer to this question is B) data about the economy from the past

19. Which medium has the advantage of moving images, sound, and portability in business?
*
(1 Point)
Newspapers
Transit Media
Internet
Radio

Answers

Answer:

Internet

Explanation:

Newspapers can be online, but they are originally on paper, transit media is on billboards or the sides of cars, and the radio is definitely not it.

anybody can help with this too ??

anybody can help with this too ??

Answers

Answer:

1. The three types of business mentioned are – Manufacturing, Retail store and School

2. She means that whenever there  is loss both Ashley’s father and aunt get tensed.  

3. They sell their product on sale to increase the revenue

4. Sale is better than having no sale at all as it caters the immediate financial requirement without ant further invetsment

Explanation:

1. The three types of business mentioned are – Manufacturing, Retail store and School

2. She means that whenever there  is loss both Ashley’s father and aunt get tensed.  

3. They sell their product on sale to increase the revenue

4. Sale is better than having no sale at all as it caters the immediate financial requirement without ant further invetsment

Dominick earned $7.25 per hour until his state raised the minimum wage to $12 per hour, at which time his pay was increased to $12. Which law is the organization abiding by in this scenario

Answers

The law that Dominick's organization is abiding to when they increased his pay is the Fair Labor Standards Act (FLSA).

What does the Fair Labor Standards Act (FLSA) call for?

It states that employees should be treated in a fair manner that is consistent with the work they put in.

The Act makes this clearly by specifying that minimum wage laws should be abided by which was why the organization increased Dominick's wages when the minimum wage was raised.

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identify what accounting is by selecting the correct statement. multiple choice question. accounting information is primarily used only at the end of a year when tax returns and financial statements are prepared. accounting is a system that identifies, records and communicates financial information. accounting information impacts internal users only.

Answers

The best alternative that accurately conveys the significance of accounting is "Accounting is a system that identifies, records, and transmits financial information."

The best way to define accounting is as the process of keeping financial records in accordance with the laws. Accounting is used to evaluate the figures and facts that are relevant to the organisation and to portray its financial position. Its breadth has grown in almost every commercial company. Accountants' labour is the foundation of today's financial markets. Business executives would lack the transparency they require to manage risks or plan initiatives without accounting, and investors would be unable to rely on up-to-date, accurate financial data.

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The price of a Honda Accord


a. and the price of a Honda Accord divided by the price of a Honda Civic are both real variables

b. and the price of a Honda Accord divided by the price of Honda Civic are both nominal variables.

c. is a real variable, and the price of a Honda Accord divided by a Honda Civic is a nominal variable.

d. is a nominal variable and the price of a Honda Accord divided by the price of a Honda Civic is a real variable.

Answers

Answer:

d. is a nominal variable and the price of a Honda Accord divided by the price of a Honda Civic is a real variable.

Explanation:

In domain of economics, nominal varable are value that can be measured in terms of it's monetary value of the price that exist at that particular period of time. For instance blood type and genotype.

real value on the other hand is been measured based on goods/services, it's is the value even when inflation has set in.

the heart of operations management is the management of production systems. a production system uses to provide goods and services to the customer.

Answers

The heart of operations management is the management of production systems. a production system uses input, transformation and output  to provide goods and services to the customer.

What is meant by operations management?

This is the term that is used to refer to the way that business is being run in a way that efficiency would be increased for an organization. It tells us of the way that the business would convert materials and labor in a way that we would have goods and services.

We can conclude that the  heart of operations management is the management of production systems. a production system uses input, transformation and output  to provide goods and services to the customer.

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President george washington instituted a tax on what alcohol product?.

Answers

Answer:

New England run and frontier whiskey

explain advertisement

Answers

Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.

helo..............................................................................................................

Answers

Answer:

Hello THE ANSWER IS HI!!!!!

Explanation:

I WIN!!!!!!!

Answer:

actually yes when person say hello the other person replys hi

Invoices are comparable to bills.
True
False

Answers

Trueeeeeeeeeeeeeeee I think sorry if I’m incorrect !!!!!!!!!!!!!!!

Garden City Ltd is considering a project that would require an initial investment of $210,000 and would have a useful life of 6 years. The annual cash receipts would be $126,000 and the annual cash expenses would be $57,000. The salvage value of the assets used in the project would be $32,000. The company's tax rate is 30%. For tax purposes, the entire initial investment without any reduction for salvage value will be depreciated over 6 years. The company uses a discount rate of 10%. Required: a) Compute the net present value of the project. b) Compute the IRR of the project. c) Should Garden City proceed with project? Why?

Answers

a) NPV = $46,774.54 b) The IRR for this project is found to be approximately 21.47%. c) Garden City should proceed with the project because the NPV is positive ($46,774.54) and the IRR (21.47%) is higher than the company's discount rate (10%).

a) To compute the net present value (NPV) of the project, we need to discount the cash flows using the company's discount rate. The formula for NPV is:

NPV = (Cash inflows - Cash outflows) / (1 + Discount rate)^n

Where:

Cash inflows = Annual cash receipts

Cash outflows = Annual cash expenses - Tax savings from depreciation

Discount rate = Company's discount rate

n = Number of years

Given the following information:

Initial investment = $210,000

Useful life = 6 years

Annual cash receipts = $126,000

Annual cash expenses = $57,000

Salvage value = $32,000

Tax rate = 30%

Discount rate = 10%

First, let's calculate the tax savings from depreciation:

Depreciation per year = Initial investment / Useful life

Depreciation per year = $210,000 / 6 years

Depreciation per year = $35,000

Tax savings from depreciation = Depreciation per year * Tax rate

Tax savings from depreciation = $35,000 * 0.30

Tax savings from depreciation = $10,500

Now, let's calculate the net cash flows for each year:

Year 0:

Initial investment = -$210,000

Years 1-6:

Net cash flow = Cash inflows - Cash outflows

Net cash flow = $126,000 - ($57,000 - $10,500)

Net cash flow = $79,500

Next, let's calculate the present value of each year's net cash flow:

Present value = Net cash flow / (1 + Discount rate)^n

Year 0:

Present value = -$210,000 / (1 + 0.10)^0

Present value = -$210,000

Years 1-6:

Present value = $79,500 / (1 + 0.10)^n

Calculating the present value for each year and summing them up:

Year 1: $79,500 / (1 + 0.10)^1 = $72,272.73

Year 2: $79,500 / (1 + 0.10)^2 = $65,702.48

Year 3: $79,500 / (1 + 0.10)^3 = $59,729.53

Year 4: $79,500 / (1 + 0.10)^4 = $54,335.94

Year 5: $79,500 / (1 + 0.10)^5 = $49,506.31

Year 6: $79,500 / (1 + 0.10)^6 = $45,227.55

Now, let's calculate the NPV by summing up the present values:

NPV = Present value of cash inflows - Present value of initial investment

NPV = $72,272.73 + $65,702.48 + $59,729.53 + $54,335.94 + $49,506.31 + $45,227.55 - $210,000

NPV = $46,774.54

b) To compute the internal rate of return (IRR) of the project, we need to find the discount rate that makes the NPV equal to zero. We can use the NPV formula and trial and error to find the discount rate that satisfies this condition. By using software or financial calculators, the IRR for this project is found to be approximately 21.47%.

c) Garden City should proceed with the project because the NPV is positive ($46,774.54) and the IRR (21.47%) is higher than the company's discount rate (10%). A positive NPV indicates that the project is expected to generate more cash inflows than outflows, resulting in profitability for the company. Additionally, the IRR is higher than the discount rate, indicating that the project's returns are higher than the required rate of return, further supporting the decision to proceed.

Garden City should proceed with the project. The positive net present value and the higher internal rate of return compared to the discount rate suggest that the project is financially viable and will likely generate favorable returns for the company.

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Explain why you might not want to have passive income as your only source of income.

Answers

Answer:

Passive income is dependent on the actions of others, and you have little influence over the amount of money you earn. Without doing anything different, the money you receive from it might be extremely excellent or very awful. If, for example, you are a novelist and your book is panned, you may not be able to make a living from it. If people like it, on the other hand, you may make a lot of money.

____________

OAmalOHopeO

______________

Answer:

Passive income relies on what others do and you dont really have control over the amount of money you make

The balance sheet for Shaver Corporation reported the following: cash, $6,000; short-term investments, $11,000; net accounts receivable, $37,000; inventory, $42,000; prepaids, $11,000; equipment, $108,000; current liabilities, $42,000; notes payable (long-term), $72,000; total stockholders' equity. $101,000; net
income, $3,520; interest expense, $4,800; income before income taxes, $5,880.
Required:
1. Compute Shaver's debt-to-assets ratio and times interest earned ratio.
2-a. Based on these ratios, does it appear Shaver relies mainly on debt or equity to finance its assets?
2-b. Is it probable that Shaver will be able to meet its future interest obligations?

Answers

Times Interest Earned Ratio = $5,880 / $4,800 ≈ 1.23. To compute Shaver Corporation's debt-to-assets ratio and times interest earned ratio, we need to use the given information:

Total Assets = Cash + Short-term Investments + Net Accounts Receivable + Inventory + Prepaids + Equipment

Total Assets = $6,000 + $11,000 + $37,000 + $42,000 + $11,000 + $108,000 = $215,000

Debt-to-Assets Ratio = Total Liabilities / Total Assets

Total Liabilities = Current Liabilities + Notes Payable (long-term)

Total Liabilities = $42,000 + $72,000 = $114,000

Debt-to-Assets Ratio = $114,000 / $215,000 ≈ 0.53

Times Interest Earned Ratio = Income Before Income Taxes / Interest Expense

Times Interest Earned Ratio = $5,880 / $4,800 ≈ 1.23

Now let's answer the questions based on these ratios:

Shaver Corporation's debt-to-assets ratio is approximately 0.53, indicating that around 53% of its assets are financed by debt.

2-a. Based on the debt-to-assets ratio, it appears that Shaver relies more on debt than equity to finance its assets. This suggests that the company has a significant portion of its assets funded through borrowing.

2-b. The times interest earned ratio is approximately 1.23, which means that Shaver's income before taxes is only 1.23 times its interest expense. A ratio below 1 indicates that the company may have difficulty meeting its interest obligations in the future. In this case, the ratio of 1.23 suggests that Shaver has limited capacity to cover its interest payments with its current income.

Overall, based on these ratios, it appears that Shaver Corporation relies mainly on debt to finance its assets, and it may face challenges in meeting its future interest obligations. It is important for the company to carefully manage its debt levels and ensure sufficient profitability to cover its interest expenses.

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Solve the simultaneous equation
y+x=4
2y-x=5​

Answers

Answer:

Value of X = 1

Value of y = 3

Solution,

Using substitution method,

y + x = 4

Move 'x' to the left hand side and change its sign:

y = 4 - x --------> equation (i)

Now,

2y - X = 5

putting the value of y from equation (i)

2( 4 - x ) - X = 5

8 - 2x - x = 5

8 - 3x = 5

- 3x = 5 - 8

- 3x = - 3

The difference sign (-) will be cancelled in both sides

3x = 3

3x/3 = 3/3

X = 1

Value of X is 1

Now, replacing the value of X in equation (i)

y = 4 - x

= 4 - 1

= 3

Value of y is 3

Hope this helps...

Good luck on your assignment...

TRUE/FALSE. planning done by top-level managers involves establishing a vision for the company, defining long-term objectives and priorities, determining broad action steps, and allocating resources.

Answers

True. Planning done by top-level managers involves establishing a vision for the company, defining long-term objectives and priorities, determining broad action steps, and allocating resources.

Vision refers to a clear and compelling description of the desired future state or direction of an organization. It serves as a guiding principle and source of inspiration for the company and its employees.

Establishing a vision involves creating a shared understanding of the organization's purpose, values, and aspirations.

It helps align the efforts of individuals towards a common goal and provides a framework for decision-making and strategic planning.

A well-defined vision can motivate employees, attract stakeholders, and guide the organization's actions in achieving its long-term objectives and priorities.

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Using the variable cost concept, determine the selling price per unit for 30,000 units using the following data: Variable cost per unit $15 Total fixed costs $90,000 Desired profit $150,000 Round to the nearest dollar. a. $10 b. $15 c. $8 d. $23 13.

Answers

The selling price per unit for 30,000 units, considering the variable cost concept, should be: $23. The correct option is D

To determine the selling price per unit for 30,000 units using the variable cost concept,  consider variable cost per unit, total fixed costs, and desired profit.

1. Identify the given data: Variable cost per unit is $15, total fixed costs are $90,000, and desired profit is $150,000.

2. Calculate the total variable cost for 30,000 units by multiplying the variable cost per unit by the number of units: 30,000 units * $15/unit = $450,000.

3. Calculate the total cost, which includes both fixed and variable costs: $90,000 (fixed costs) + $450,000 (variable costs) = $540,000.

4. Add the desired profit to the total cost to find the target revenue: $540,000 (total cost) + $150,000 (desired profit) = $690,000.

5. Divide the target revenue by the number of units to find the selling price per unit: $690,000 / 30,000 units = $23/unit.

The selling price per unit for 30,000 units, considering the variable cost concept, should be $23 (option d). This will allow the company to cover both variable and fixed costs and achieve the desired profit.

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Using the variable cost concept, determine the selling price per unit for 30,000 units using the following data: Variable cost per unit $15 Total fixed costs $90,000 Desired profit $150,000 Round to the nearest dollar.

a. $10

b. $15

c. $8

d. $23

give at least 3 personal gains in your business (my gain,community gain and country gain) by considering the table below

Answers

Answer:

My Business- Fashion Designing

My Gain- Daily profit generation, Job Satisfaction, Improvement of my business skill.

Community Gain- Access to well-designed dresses, Training for youths who wish to gain the skill

Country Gain- Employment of citizens, Contribution to the gross domestic product

Explanation:

In my business as a Fashion Designer, I benefit from the fact that I can make money for myself doing what I love. The business also affords me the opportunity to improve my business skill. For instance, good marketing helps me reach a wider audience.

The community I live in benefits from my service because they can always come to design their dresses in whatever styles they desire. Youths and others who wish to gain some skill can also register at an affordable price.

The country I reside in also benefits from the revenue generated from the business because it contributes to its gross domestic product. The citizens are also gainfully employed through the business.

My business: Pharmacy

My gain: Profit, income, access to free medical license drugs, safety, good health

Community gain: Access to good license My business: Pharmacy

My gain: Profit, access to free medical license drugs, safety, good health

Community gain: Access to good license drugs, ease of affordability, wellness and wholeness, free medical advice

Country gain: Employment of labor, access to good healthcare, tax, contribution to country's GDP, wellness and wholeness

for better understanding, lets explain what profits in business means

The aim of any business is to make profit. Business is referred to as any task or activity that aim to provide goods and services to people in order to make profit

Profit is simply the amount of money a business earns above and beyond what it spends for salaries and other expensesbusiness gains covers the profit and other advantages be it pleasure, enjoyment, relaxation etc obtained or derived from any business transactions

from the above, we can therefore say that the answer My business: Pharmacy

My gain: Profit, access to free medical license drugs, safety, good health

Community gain: Access to good license drugs, ease of affordability, wellness and wholeness, free medical advice

Country gain: Employment of labor, access to good healthcare, tax, contribution to country's GDP, wellness and wholeness, is correct

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Which of the following should be the second phase in an ideal six-phase decision-making process?
A) generating alternative solutions
B) evaluating the decision
C) implementing the decision
D) interpreting the feedback
E) identifying and diagnosing the problem

Answers

In an ideal six-phase decision-making process, the second phase should be "identifying and diagnosing the problem."The correct answer is option (E). This is because before any decision can be made, it is important to first understand the nature of the problem that needs to be addressed.

This phase involves gathering information, analyzing data, and identifying the root cause of the problem.Once the problem has been identified and diagnosed, the third phase should be "generating alternative solutions." This involves brainstorming possible solutions to the problem, using creative thinking techniques and considering various perspectives and viewpoints.Hence, the right answer is option (E).

After alternative solutions have been generated, the fourth phase should be "evaluating the decision." This involves analyzing each solution and weighing the pros and cons of each option. The goal is to select the best solution that will effectively address the problem and achieve the desired outcome.Once a decision has been made, the fifth phase should be "implementing the decision." This involves putting the chosen solution into action and carrying out the necessary steps to achieve the desired outcome.

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The three methods used to classify costs into their fixed and variable components includes.

Answers

The methods used to classify costs into their fixed and variable components are:

scatter diagramshigh-low methodregression analysis

What is a costs classification?

This refers to the way by which economic cost are classified for proper purpose and identification.

Majority of fixed and variable cost are classified by using the scatter diagrams, high-low method and regression analysis.

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Accountants use the following three methods to classify mixed costs into their fixed and variable components:

High-low methodScatter graphRegression analysis.

What are mixed costs?

Mixed costs are costs that have both fixed and variable elements.

Fixed (period) costs do not change with changes in the production volume, unlike variable (differential) costs.

Thus, since variable costs are essential for decision-making, management tries to separate mixed costs so that insights into cost structure become clearer using the above three methods.

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question 3: bill bronson, cfa provides investment advice to the board of trustees of a university endowment fund. the trustees have provided bronson with all of the fund's financial information. bronson receives a phone call from murdock, a prominent alumnus, requesting that bronson email him comprehensive information about the fund. according to murdock, he has a potential contributor but needs information that day and hasn't been able to contact any of the trustees. based on standard iii(e) preservation of confidentiality, bronson should .

Answers

Bronson should not disclose comprehensive information about the fund to Murdock without proper authorization or consent from the trustees.

Authorization refers to the process of granting or denying access rights or permissions to individuals or entities to perform certain actions, access specific resources, or utilize particular services. It plays a crucial role in maintaining security and control within systems and networks. Authorization ensures that only authorized individuals or entities are granted appropriate privileges and privileges are enforced according to established rules and policies.

During the authorization process, an entity or user's identity is verified and authenticated to establish their legitimacy. Once authenticated, the entity's access rights are determined based on their role, responsibilities, and the specific permissions assigned to them. This allows organizations to control and restrict access to sensitive information, critical systems, or restricted areas, minimizing the risk of unauthorized access, data breaches, or malicious activities.

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