the opportunity cost of deficit spending is likely to be low a. only when it improves existing human capital. b. when it creates or improves physical or human capital. c. only when it creates new physical capital. d. only when it creates new human capital. e. only when it improves existing physical capital.

Answers

Answer 1

Opportunity cost is the profit or benefit given up when one option is selected instead of another. Deficit spending is a situation when a government spends more than it earns in revenue.

The idea of opportunity cost is that when resources are spent on one project, there is always an alternative use that was missed, and that alternative use is the opportunity cost. The cost of deficit spending varies with the type of spending and the economic environment of the country. The opportunity cost of deficit spending is likely to be low when it creates or improves physical or human capital.

The opportunity cost of deficit spending is usually low when it creates or improves physical or human capital. This is due to the fact that spending on infrastructure and education may generate more income in the long run. If a government spends money on education, for example, it may increase the skills and knowledge of its people, which may increase productivity in the long term.

Infrastructure development such as construction of airports, railways, roads, and bridges is likely to benefit the economy in the long term by increasing efficiency, reducing costs, and improving trade. These improvements to physical capital increase the productivity of the economy, which generates income and boosts growth in the long term.

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Related Questions

Which symbol should you use for entering a formula in a cell?

A. +
B. =
C. $
D. ÷
E. # ​

Answers

Answer:

b) =

Explanation:

The equal sign ( = ) is the symbol that should be used for entering a formula in a cell. Hence, option (b) is the answer.

if the company wants to keep its production costs under $175,000, then which constraint is reasonable for the model?

Answers

The reasonable constraint for the model is 5.6 ≤ x ≤ 24.

the reasonable constraint for the model is 5.6 ≤ x ≤ 24.13.  

this constraint means that the company must produce between 5.6 and 24.13 thousand calculators in order to keep its production costs under $175,000.  

the function c(x) = −0.74x2 + 22x + 75 models the production cost, c, in thousands of dollars for a tech company to manufacture a calculator, where x is the number of calculators produced, in thousands.  

if the company wants to keep its production costs under $175,000, then the following equation must be true:  

c(x) ≤ 175,000

substituting the function c(x) into the equation, we get:  

−0.74x2 + 22x + 75 ≤ 175,000

solving for x, we get:

5.6 ≤ x ≤ 24.13 13.

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Which of these careers include supervising others?


welder
welder

project manager
project manager

foreman
foreman

forklift operator

Answers

The careers  that needed supervision of others are  welder and foreman. Thus option (a) and (b) are correct.

Who is a welder?

A welder is a skilled tradesperson who specializes in joining pieces of metal or thermoplastics together using various welding techniques.

Welders must have a good understanding of welding techniques and materials, as well as safety practices and regulations. They use a variety of tools and equipment such as welding machines, cutting tools.

The  welder and foreman are the professions that need supervision of others. Therefore, option (a) and (b) are correct.

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disadvantages for the business for allowing debtors to buy on credit

Answers

Answer:

they can be expensive

Explanation:

limits can be low

Which of the following functions of money is not standardized, meaning there is no system of value in place?
A. Exchange Rate
B. Bartering (trading)
C. Imports and Exports
D. Storing Value​

Answers

The function of money that is not standardized, meaning there is no system of value in place

B. Bartering (trading)

What is Bartering?

Bartering is the function of money that is not standardized, meaning there is no system of value in place.

Bartering involves the direct exchange of goods and services without the use of money as a medium of exchange. Because there is no agreed-upon system of value for different goods and services in a bartering system, it can be difficult to determine fair exchange rates.

The other functions of money, including exchange rate, imports and exports, and storing value, all involve the use of standardized systems of value.

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All Of The Following Are Elements Of The Marketing Mix Except-Personnel-Price-Place-Promotion-Product

Answers

Products, prices, places, and promotions are the four Ps. They serve as an illustration of a "marketing mix," which refers to the assortment of tools and techniques utilized by marketers to meet their marketing goals.

The correct answer is Personnel.

Product, price, place, and promotion are the four main components of the "four Ps" marketing mix, which is used to promote goods and services. Typically, companies take into account the four Ps when developing marketing plans and strategies to reach their target audience. The four Ps are the most prevalent and the cornerstone of developing a successful marketing plan, while there are many more "marketing mixes" as well. You may read more about the four Ps' goals, history, and in-depth analysis in this article.

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whos in high school ? on here

Answers

Me it’s a bit boring

Answer:

meeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

Explanation:

The Free enterprise system is:

A: Supply & Demand
B: Designed to protect consumers' best interests
C. Requires both sides of the story
D. Free of competition

Answers

Answer:

Free enterprise is the freedom of individuals and businesses to regulation. It enables individuals and businesses to create, produce, are able and willing, enterprising people produce goods and services for produce and sell goods and services. In this system, no one forces people they believe to be best for them.

The HR manager is considering giving more full-time contracts. Would you recommend Top Hotels offer more employees full-time contracts? Justify
your answer.

Answers

Answer:

Yes

Explanation:

Yes, I would recommend offering more employees full-time contracts. This is because having employees that know the ins-and-outs of a company is extremely valuable. These employees are able to function with less supervision and think ahead in order to prevent problems before they occur, as well as solve current situations quickly and efficiently. By working full-time they ultimately grow with the company and are able to progress faster. This is incredibly valuable for a company and can greatly increase profits in both the short-term and long-term

all three level of professionals are required to run an organization or a business is smoothly classified as a statement ​

Answers

All three levels of professionals are required to run an organization or a business smoothly. Justify this statement.

Answer:

It is TRUE that All three levels of professionals are required to run an organization or a business smoothly.

The three levels of professional required are:

Top-level management

Middle-level management

Low-level management

Explanation:

Top-Level Management

Top-level managers or professionals are the people that involve in taking an extensive means of actions or decisions for the firm or business as a whole and focus on the long-term success of the business or company. They take up roles such as Chief Operations Officer (COO), ), Chief Financial Officer (CFO), Chief Executive Officer (CEO), etc.

Middle-Level Management

Middle managers or professionals are an essential part of an organization and they are involved in the intermediate management operation whose responsibility involved supervising the lower-level managers to meet the company's goals. For example, they are General managers, branch managers, department managers, etc.

Low-Level Management

Low-level managers or professionals are a core part of organizations, they ensure there is a practical technique and creativity with strong interpersonal skills to maximize particular operational processes to achieve organizational success. For example, they are Office Manager, Shift Supervisor, Store Manager, etc.

Performance Assessment Task
Jrotc

This performance assessment task gives you an opportunity to document your achievement of the lesson’s competency: Demonstrate proper etiquette in social settings For this performance assessment task, you will complete the Dining-Out scenario. For this assessment you will: Read the following scenario and individually complete the information below. Be prepared to share your answers in class. The same criteria in the scoring guide below can be used to evaluate your performance of proper etiquette and manners at the annual Cadet Ball. Scenario: The annual Dining-Out is in five months. You have been asked to be a member of the Dining-Out committee. The committee plans all aspects of the Dining-Out. Complete this assignment as if you are preparing for the meeting and event. The committee will discuss invitations, table settings, receiving line protocol (guest speaker and other dignitaries), proper dress, protocol for honoring the nation, and thank you notes. 1. Invitations: Create the text for the invitation. Include all pertinent information including dress code and RSVP: Table Setting: On the back of this page, draw a picture of the appropriate table setting for the following menu: Fresh Garden Salad with Dressing Dinner Roll Tomato Soup Beef Tenderloin or Grilled Salmon New York Style Cheesecake with strawberries Iced Tea and water 2. Receiving line and other protocol: a. Who belongs on the line? b. What order should the guests stand in? c. Address the appropriate protocol for honoring the nation. d. Describe how you will greet the guest of honor(s): e. What attire should you wear? 3. Thank you notes: Create a sample thank you note to send to the guest speaker: 4. Explain your role in the annual Cadet Ball as a Year 1 Cadet: 5. Use the attached scoring guide criteria for what you need to do to complete this task. 6. Submit your completed performance assessment task and scoring guide to your instructor for evaluation and a grade.

Answers

The invitation should include the date, time, location, the dress code, RSVP deadline, and any other important relevant information such as the theme of the event.

The invitation text will be like this: You are cordially invited to attend the Annual Dining-Out hosted by the JROTC program. The event will take place on [date] at [time] at [location]. Dress code for the evening is formal attire, which includes a dress uniform or civilian formal wear.

Please RSVP by [RSVP deadline] to [contact information]. We look forward to your presence at this event.

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lumina inc. sells desk lamps for $113 each. the variable cost per lamp is $45 and the fixed cost per year is $25,000. creating a lamp requires an initial investment in equipment of $150,000 which has a life span of three years. what is the economic or npv break-even number of books that must be sold each year given a discount rate of 18 percent?

Answers

Lumina Inc. must sell approximately 1756 desk lamps each year to achieve the economic or NPV break-even point at a discount rate of 18%.

To calculate the economic or NPV break-even number of desk lamps that Lumina Inc. must sell each year, we'll use the following terms:
1. Selling price per lamp: $113
2. Variable cost per lamp: $45
3. Fixed cost per year: $25,000
4. Initial investment: $150,000
5. Equipment lifespan: 3 years
6. Discount rate: 18%
First, let's calculate the contribution margin per lamp:
Contribution margin = Selling price - Variable cost = $113 - $45 = $68
Next, we need to find the annual cash flow by equating the present value of cash inflows and the initial investment:
PV(Inflows) = Initial Investment
Using the annuity formula for present value:
PV(Inflows) = (Annual Cash Flow * (1 - (1 + Discount Rate)^-Equipment Lifespan)) / Discount Rate
Now, we'll equate PV(Inflows) and Initial Investment and solve for Annual Cash Flow:
$150,000 = (Annual Cash Flow * (1 - (1 + 0.18)^-3)) / 0.18
After solving, we find that the Annual Cash Flow is approximately $94,522.
Now, we need to find the break-even number of desk lamps to cover both fixed costs and annual cash flow:
Break-even lamps = (Annual Cash Flow + Fixed Costs) / Contribution Margin per lamp
Break-even lamps = ($94,522 + $25,000) / $68 ≈ 1756 lamps

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Below are descriptions of internal control problems. Identify the one best internal control principle that is related to the problem described. 1. The same person opens incoming mail and posts the accounts receivable subsidiary ledger. 2. Three people handle cash sales from the same cash register drawer. 3. A clothing store is experiencing a high level of inventory shortages because people try on clothing and walk out of the store without paying for the merchandise. 4. The person who is authorized to sign checks approves purchase orders for payment. 5. Some cash payments are not recorded because checks are not prenumbered. 6. Cash shortages are not discovered because there are no daily cash counts by supervisors. 7. The treasurer of the company has not taken a vacation for over 20 years.

Answers

Answer:

The internal control principles are:

Establishment of responsibility

Segregation of duties

Physical control devices

Documentation procedures

Independent internal verification

Human resource controls

1. The same person opens incoming mail and posts the accounts receivable subsidiary ledger. ⇒ SEGREGATION OF DUTIES.

There should be a segregation of such duties so that the chances of fraud are reduced.

2. Three people handle cash sales from the same cash register drawer. ⇒ ESTABLISHMENT OF RESPONSIBILITY.

One person should have access to the cash register drawer so as to reduce chances of fraud where one person takes cash and no one knows who. One person having access is an establishment of responsibility for that person.

3. A clothing store is experiencing a high level of inventory shortages because people try on clothing and walk out of the store without paying for the merchandise. ⇒ PHYSICAL AND IT CONTROLS.

Physical and IT controls would prevent such events from happening because the clothes would be identified before they left the store.

4. The person who is authorized to sign checks approves purchase orders for payment. ⇒ SEGREGATION OF DUTIES.

Segregation of duties ensures that this person would not make up frivolous purchase orders and then sign the checks for them.

5. Some cash payments are not recorded because checks are not prenumbered. ⇒ DOCUMENTATION PROCEDURES.

Documentation procedures ensure that records are well kept in the company to avoid such a scenario.

6. Cash shortages are not discovered because there are no daily cash counts by supervisors. ⇒ INDEPENDENT CHECKS OF PERFORMANCE.

There should be an independent check of performance in different departments especially in relation to cash to find out why cash balances are a certain way.

7. The treasurer of the company has not taken a vacation for over 20 years. ⇒ HUMANS RESOURCE CONTROLS.

Human resource controls ensure that best practices are used in human resource to promote efficiency. This scenario will lead to the burnout of the employee which would reduce efficiency in the business.

PLEASE SEND HELP ASAP

Planning for regional natural disasters at work is _______.
a.
good practice
b.
unnecessary
c.
too cautious
d.
unsafe


Please select the best answer from the choices provided

A
B
C
D

Answers

Answer:

A. good practice

Explanation:

planning for these disasters can help reduce damage,injuries,even death.

Answer:

A

Explanation:

Just in case something were to happen it would be good to know where to go and what to do. It can prevent deaths and injuries if the real thing were to happen.

Since there are advantages and disadvantages for all types of incentive pay, organizations offset the disadvantages by ______.

Answers

What organization do to offset the disadvantages by increasing the pay or awarding them for a job well done

Incentive pay by organizations

Incentives are bonuses given to employees based on their performance on the job.

Incentives are used to encourage production-line workers to increase their production output,

These incentives are known to  be both advantageous and disadvantageous, what organizations do to offset the disadvantages by increasing the pay or awarding them for a job welldone

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describe six major trends in supply chain management and collaboration.

Answers

Supply chain management refers to the interconnected activities involved in the production, supply, and delivery of goods and services.

In recent years, supply chain management and collaboration have undergone significant changes to meet new demands and challenges. The six major trends in supply chain management and collaboration include:

1. Increased adoption of technology: Supply chain management has become more technology-oriented, with the use of automated systems, cloud computing, and the internet of things (IoT) in supply chain operations.

2. Increased focus on sustainability: Supply chain management has moved toward greater sustainability, with more companies adopting environmentally friendly practices and emphasizing sustainable sourcing and production.

3. Greater emphasis on risk management: Supply chain management has become more focused on risk management, with companies identifying and addressing potential risks at every stage of the supply chain.

4. Greater collaboration and partnership: Collaboration and partnerships have become more prevalent in supply chain management, with companies working together to achieve common goals and improve efficiencies.

5. Greater customer focus: Supply chain management has shifted toward greater customer focus, with companies using customer feedback to improve supply chain operations and enhance customer satisfaction.

6. Greater flexibility and agility: Supply chain management has become more flexible and agile, with companies adapting quickly to changing market conditions and customer demands by streamlining processes, reducing lead times, and increasing efficiency.

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Llcs are mainly capitalized via _______ or through the sale of _______ ownership in the llc itself.

Answers

LLCs (Limited Liability Companies) are mainly capitalized via "contributions" or through the sale of "membership" ownership in the LLC itself.

Contributions refer to the initial capital or assets that the members of an LLC invest in the company. These contributions can take various forms, such as cash, property, equipment, intellectual property, or services. Members contribute these resources to the LLC in exchange for ownership interests or membership units. The value of these contributions determines the ownership stakes or percentage of membership interests that each member holds in the LLC.

In addition to contributions, LLCs can also raise capital by selling membership ownership in the company. This involves offering membership interests or units to outside investors or individuals who want to become part-owners of the LLC. These membership interests represent an ownership stake in the LLC and entitle the holders to share in the profits, losses, and decision-making of the company.

The sale of membership ownership allows LLCs to raise additional funds for their operations, expansion, or other business needs. The terms and conditions of the sale, including the price, percentage of ownership, and any specific rights or privileges associated with the membership interests, are typically outlined in an operating agreement or similar legal document.

It's worth noting that LLCs provide flexibility in terms of capitalization, allowing members to structure their contributions and ownership interests based on their agreements and the needs of the business. The specific details of capitalization can vary depending on the jurisdiction and the specific circumstances of the LLC. Consulting with legal and financial professionals is recommended to ensure compliance with applicable laws and regulations.

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Bake Inc. produces and sells 29,200 units of Sheet Pans each month. The selling price of Sheet Pans is $14 per unit, and variable expenses are $11 per unit. A study has been made concerning whether Sheet Pans should be discontinued. The study shows that $100,000 of the $150,500 in monthly fixed expenses charged to Sheet Pans would not be avoidable even if the product was discontinued. If Sheet Pans are discontinued, the monthly financial advantage (disadvantage) for the company of eliminating this product should be:
a. $62,900
b. $100,000
c. $62,900
d. $37,100

Answers

To determine the monthly financial advantage or disadvantage of discontinuing the Sheet Pans product, we need to calculate the contribution margin and subtract the avoidable fixed expenses.

Contribution margin per unit = Selling price per unit - Variable expenses per unit

Contribution margin per unit = $14 - $11 = $3

Contribution margin per month = Contribution margin per unit * Number of units sold per month

Contribution margin per month = $3 * 29,200 = $87,600

Avoidable fixed expenses per month = Total fixed expenses per month - Non-avoidable fixed expenses per month

Avoidable fixed expenses per month = $150,500 - $100,000 = $50,500

Financial advantage (disadvantage) per month = Contribution margin per month - Avoidable fixed expenses per month

Financial advantage (disadvantage) per month = $87,600 - $50,500 = $37,100

Therefore, the monthly financial advantage (disadvantage) for the company of discontinuing the Sheet Pans product would be $37,100.

The correct answer is:

d. $37,100

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You make an initial deposit of $46.82 into your checking account. A week later you deposit your paycheck of $78.36. You write checks for $16.93, $26.25 and use your debit card to purchase items totaling $9.27 and $6.95. How much money do you have in your account now? *

Answers

Answer:

$65.78

Explanation:

The deposits to the accounts are

initial deposit   $46.82

paycheck   $78.36

Total deposits = $125.18

Withdrawals

checks    $16.93,

   $26.25

purchases    $9.27

    $6.95.

   $59.4

Balance will be $125.18- $59.4

=$65.78

topic: distribution (i.e., place) changes over the years, some brick-and-mortar retailers have struggled. more customers are purchasing online, changing the distribution model. what advice would you give to retailers to counteract this trend in the retail industry? what argument is there for having brick-and-mortar stores? explain.

Answers

Retail industry is changing with the rise of online retail, brick-and-mortar retailers can counteract this trend by focusing on enhancing the in-store experience, adopting an omnichannel approach, building strong customer relationships, differentiating through product assortment and quality, and leveraging the benefits of physical presence.

As the retail landscape evolves with changes in consumer behavior and the rise of e-commerce.

Brick-and-mortar retailers face challenges in staying competitive.

Here are some advice and arguments for retailers to counteract the trend of online retail and leverage the advantages of brick-and-mortar stores.

Enhance the in-store experience,

Brick-and-mortar retailers can focus on creating an exceptional in-store experience for customers.

This can include offering personalized services, creating unique in-store displays, providing engaging product demonstrations, and offering exclusive in-store promotions or events.

Embrace omnichannel retailing,

Retailers can adopt an omnichannel approach by integrating their online and offline channels.

This can include offering in-store pick-up for online purchases.

Providing seamless returns and exchanges across channels.

And leveraging technology such as digital kiosks or mobile apps to enhance the in-store experience.

Build strong customer relationships,

Brick-and-mortar retailers can focus on building strong customer relationships.

Through personalized interactions and exceptional customer service.

By understanding and catering to the unique needs and preferences of their customers.

Differentiate through product assortment and quality,

Retailers can differentiate themselves from online competitors.

By offering unique product assortments, exclusive brands, or high-quality products that are not easily replicated online.

Brick-and-mortar retailers can offer value-added services that online retailers may struggle to replicate.

Leverage the benefits of physical presence,

Brick-and-mortar stores have the advantage of physical presence, allowing customers to see, touch, and try products.

In-store shopping also provides immediate gratification and eliminates the need for shipping or return hassles.

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The above question is incomplete, the complete question is:

Keeping current with the changes in the marketplace is often a real challenge to marketers, as sometimes changes must take place in a collapsed time frame due to globalization and the Internet. In this Discussion, you will discuss some of these challenges and how companies can respond. Topic: Distribution (i.e., Place) Changes Over the years, some brick-and-mortar retailers have struggled. More customers are purchasing online, changing the distribution model. What advice would you give to retailers to counteract this trend in the retail industry? What argument is there for having brick-and-mortar stores? Explain.

which of the following is the best example of a law
A You can spend more money than you earn
B teachers must retire at age 65
C you should not make promises you can't keep
D you may not ask an interviewee if he or she is married or has children

Answers

the best example of a law is D

You may not ask an interviewee if he or she is married or has children  is the best example of a law.

Thus, the correct option is D.

What is a law?

The exact meaning of law is up for debate, but it is generally understood to be a set of regulations that are made and enforced by social or governmental institutions to control behavior. It has been called both a science and the practice of justice in diverse contexts.

A law society is an organization of attorneys having the authority to regulate the education, certification, and behaviour of attorneys. Where there is a distinction between barristers and solicitors, the law societies govern solicitors and a separate bar council regulates barristers.

Federal laws are measures that have been approved by both houses of Congress, have the president's signature, have overridden the president's veto, or have otherwise been given the go-ahead to become law. In the United States Code, individual laws, sometimes known as acts, are organized by subject.

The legislation has several objectives. Establishing norms, upholding order, settling conflicts, and defending liberties and rights are the four basic ones.

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the confidence interval for y will be ___ prediction interval for y. multiple choice question. wider than the narrower than the equal to

Answers

The answer is, The confidence interval for y will be narrower than the prediction interval for y.

Why is this ?

This is because the confidence interval is a statistical measure of the precision of an estimate, and it takes into account the variability of the data and the sample size.

On the other hand, the prediction interval also includes the uncertainty due to the prediction model itself, in addition to the variability of the data and the sample size.

Therefore, the prediction interval is wider than the confidence interval, as it accounts for more sources of uncertainty.

In other words, the prediction interval provides a wider range of possible values for the predicted response variable, while the confidence interval provides a narrower range of possible values for the true mean of the response variable.

Hence, the answer is narrower.

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In which year the first school in the whole world was opened?​

Answers

3500 B.C in Egypt was the first school in the world ever.

Describe the methods of market management of cattle products​

Answers

Open bids at auction markets, producer or breed association sales, video auctions, computer auctions, direct sales to packers, sales to livestock order buyers, or using the futures or options market as a hedging strategy are further methods for market livestock.

What are the strategies for marketing cattle?

Other techniques for determining the price of livestock include open bids at auction markets, producer or breed association sales, video auctions, computer auctions, direct sales to packers, sales to livestock order buyers, or using the futures or options market as a hedging strategy.

Cattle producers need good handling facilities to perform recommended management procedures like immunising, identifying, castrating, dehorning, implanting, and checking for pregnancy.

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Investors minimize risk by investing money in __________. A. one specific company B. a variety of companies C. newly-formed corporations D. companies that are competitors Please select the best answer from the choices provided A B C D

Answers

Answer: B. a variety of companies

Explanation:

Investors minimize risk by investing money in a variety of companies. The reason for this is to minimize risk. Investing in one specific company isn't ideal because in the case of the company running at a loss, the investor loses all his or her money as well.

On the other hand, when the investor invest in different companies, the risk is minimized. When one company isn't doing well, others will probably be doing well.

Explain the word taxation.​

Answers

Taxation is the practice of a government collecting money from its citizens to pay for public services, taxation is practice of collecting taxes (money) from citizens based on their earnings and property

A company using public relations sends information to media outlets such as newspapers and ratio stations. Who decides what Information about the company the outlets will publish?

Answers

Answer:

The media outlets should be correct

Explanation:

A P E X

an employee can be dismissed if their job surplus to requirements' outline why this state ment is false

Answers

Hiring labour is different from buying other goods and services, and the contract between the employer and the employee is incomplete. It does not cover what the employer really cares about, which is how hard and well the employee works.

Q2. Eckelberger Products, Inc. makes high-speed recorders with high-speed scanning. The small company has been growing at an average rate of 60% per year for the past 4 years. The CEO asked you to convert the past growth rate into a monthly rate for its annual report. If the past growth rate was an effective rate, what was the nominal growth rate per month?

Answers

The previous growth rate was effective, which implies it takes into account compounding. On the other hand, compounding is excluded from the nominal rate.

To convert the annual growth rate of 60% into a monthly rate, we can use the formula:

(1 + r)^(12) = 1 + 0.6

where r is the monthly growth rate.

Solving for r, we get:

r = (1 + 0.6)^(1/12) - 1

r ≈ 0.0437 or 4.37%

Therefore, the nominal growth rate per month for Eckelberger Products, Inc. is approximately 4.37%.

Note that the question mentions that the past growth rate was an effective rate, which means it takes compounding into account. The nominal rate, on the other hand, does not include compounding.

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A 2-column table has 9 rows. The first column is labeled monthly expenses with entries rent, utilities phone internet, groceries, entertainment, renters insurance, car/insurance/gas, discretionary spending, total expenditures, net savings. The second column is labeled amount budgeted with entries 600, 230, 300, 50, 20, 475, 75, 1,850, 100 dollars. You have decided to set a new goal of saving at least $4,500 over the course of the next year. You already have $900 saved. By how much would you need to increase your monthly net savings in order to meet this goal? $100 $150 $200 $250

Answers

Answer:

200

Explanation:

right on edge

Based on your current level of saving, you need to increase your monthly net saving by $200 to meet your target.

Amount that you need to save next year.

You have already saved $900 and you want to get to $4,500. The amount left is:
= 4,500 - 900

= $3,600

Monthly savings

To get to $3,600, you need to save:

= 3,600 / 12 months

= $300

What should you increase your net saving by?

You currently save $100 so you need to increase by:

= 300 - 100

= $200

In conclusion, you need to increase savings by $200.

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