For an account invested in a money market fund grew from $73,330.76 to $73,624.98 in a month, The annual interest rate, determined by future value simple interest formula, is 4.8%
Simple interest is based solely on the principal amount of a loan, while compound interest is based on the principal amount and the accumulated interest. Assuming a simple interest for this investment.
The future value simple interest formula is expressed as:
A = P(1 + rt)
Where,
P = Present Value (Initial investment) =73,330.76
A = Future Value = 73,624.98
r = rate of interest = ?
t = time in years. = 1/12
Substituting,
A = P(1 + rt)
73624.98 = 73330.76 (1 + r*1/12)
73624.98/73330.76 = 1 + (r/12)
1.00401223 = 1 + (r/12)
r/12 = 1.00401223 - 1
r/12 = 0.00401223
r =0.04814 or 4.8%
Hence, the interest rate would be 4.8%
Note: It is an incomplete question. The question: An account invested in a money market fund grew from $73,330.76 to 73,624.98 in a month. What was the interest rate to the nearest tenth?
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you are hired as a consultant to the central bank for a country that has for many years suffered from repeated currency crises and depends heavily on the u.s. financial and product markets. which of the following policies would have the greatest effectiveness for reducing currency volatility of the client country with the united states. group of answer choices dollarization an exchange rate pegged to the u.s. dollar an exchange rate with a fixed price per ounce of gold an internationally free floating exchange rate none of the above
The policies would have the greatest effectiveness for reducing currency volatility of the client country with the united states is dollar.
Inflation in other country is one of the most generally causes of currency volatility. Shortages of things like fuel, labour, or raw materials can cause production to slow down, which show that value for items and services are likely to rise for consumers. Currency volatility can be described as the frequency and extent of changes in a currency's value. To measure it we can calculate the dispersion of exchange rate changes around the mean, expressed in terms of daily, weekly, monthly or annual standard deviations. The larger the number, the greater the volatility over a period of time.
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The coca-cola company is the only producer of coca-cola. Is it considered a monopoly?.
Answer:
no
Explanation:
A monopoly is when an owner/company "takes over" or claims multiple smaller companies (take disney for example)
Answer:
No because a monopoly is when someone takes over an idistry
in february 2018, aaa bonds yielded 3.47%, baa bonds yielded 4.60%, and comparable treasuries yielded 2.95%. assume a face value of $100. a. what was the credit spread on aaa bonds? (enter your answer as a percent rounded to 2 decimal places.) b. what was the spread on baa bonds? (enter your answer as a percent rounded to 2 decimal places.) c. what do you think would be the difference in price (as a percent of face value) between a typical 13% 10-year baa bond and a similar treasury bond? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)
The credit spread on AAA bonds = Yield of AAA bonds - treasury security
= 3.47 - 2.95 = 0.52
The spread on BAA bonds = Yield of BAA bonds - treasury security
= 4.60 - 2.95 = 1.65
What does the term "Treasury security" mean?The U.S. Department of the Treasury issues debt obligations under the name "Treasury securities," which includes Treasury bills, notes, and bonds. Because they are backed by the full faith and credit of the United States government, Treasury securities are among the safest investments.
Assuming annual compounding
Par value = 100
Coupon of BAA bond = 13% × 100 = 13
YTM = 4.60%
Number of years = 10
Price of bonds = PV of coupons + PV of Par Value
= 13 × ((1-(1+4.60%)^ - 10)/4.60%+100/(1+4.60%)^10
= 931.498837224
Price of treasury bond = 100/(1+2.95%)^10 = 74.7715684%
Difference in price as % of Par value = 931.498837224 - 74.7715684% = 235.002%
Assuming semi annual compounding
Par value = 100
Coupon of BAA bond = 13% × 100/2 = 13/2= 6.5
YTM = 4.60%/2
Number of years = 10 × 2 = 20
Price of bond = PV of Coupons + PV of Par value
= 6.5 × ((1-(1+4.60%/2)^-20)/4.60%+100/(1+4.60%/2)^20
= 216.982411.327
Price of treasury bond = 100/(1+2.95%/2)^20=100/(0.51475)^20
= 58.6236553187
Difference in price as % of Par value =
216.982411327% - 58.623655318 = -17.51%
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the overall growth in the market and the impact on a company caused by expanding production and by the company's ability to achieve greater economies of scale?
Impacts of economic integration are the general development on the lookout and the effect on an organization brought about by growing creation and by the organization's capacity to accomplish more prominent economies of scale.
What is the impact of an expansion in the degree of creation by firms?
Expansions in efficiency permit firms to deliver more noteworthy result for a similar degree of info, procure higher incomes, and at last create higher GDP.
What are the reasons for economies of scale?
Economies of scale happen when an organization's creation expansions in a manner that lessens per-unit costs. Inner economies of scale can result from specialized enhancements, administrative proficiency, monetary capacity, monopsony power, or admittance to enormous organizations
What are the sorts of economy of scale?
There are two sorts of economies of scale: inside and outside economies of scale.
Inner economies of scale are firm-explicit or caused inside while outer economies of scale happen in light of bigger changes outside the firm.Learn more about economic integration here:
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buyers' willingness to pay in a market: a. is represented by the demand curve. cross out b. is represented by the supply curve. cross out c. explains why the demand curve is bowed-out. cross out d. explains why the demand curve is bowed in. cross out
The ability to pay is also a factor in demand. You do not have an effective demand if you are unable to pay for it.
This idea of a customer's readiness to pay (WTP) fills in as a beginning stage for the interest bend. A customer's Marginal Benefit (MB) is proportional to their willingness to pay.
Is the willingness to pay represented by the demand curve?
Let's talk more about the connection between demand curves and willingness to pay. The maximum amount a customer is willing to pay for a product or service is known as willingness to pay. Or, to put it another way, it is the price at which a customer will buy a product or service or a price below it.
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3. which of the following is not an assumption of monopolistic competition? a) each firm's output is slightly different from other firms in the industry. b) there are many firms in the industry. c) production occurs with increasing returns to scale technology. d) each firm faces a perfectly elastic demand curve.
The assumption of monopolistic competition is that d) each firm faces a perfectly elastic demand curve.
When a large number of businesses provide rival goods or services that are comparable but imperfect alternatives, a monopolistic competition exists. Monopolistic competition is described as the structure of a market where businesses compete against one another but offer a variety of commodities.
This highly competitive sector has low barriers to entry, and decisions made by one firm do not instantly affect those of its competitors. Instead of a straight demand curve, the rival faces a downward going one, that offers it the same ability as the monopoly to raise prices without driving away all of its customers or lower prices while luring in more.
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one of the impacts of maturity transformation is that . group of answer choices it increases the rate of inflation it decreases the rate of inflation relatively liquid assets become relatively illiquid relatively illiquid assets become relatively liquid
one of the impacts of maturity transformation is that relatively illiquid assets become relatively liquid
Borrowers and depositors generally have different maturity preferences for their obligations and investments.
Borrowers typically prefer to borrow for a longer period of time, such as to fund long-term investments in productive assets.
Shorter-term, more liquid assets are generally preferred by investors.
Maturity transformation is an essential economic function of banks and other intermediaries that allows borrowers and investors to meet their varying maturity needs.
Therefore, in essence, maturity transformation is the practice of financial institutions borrowing money for shorter periods of time than they lend it out.
For this to work, the bank must have a high level of market confidence, particularly among its depositors.
A liquid asset is one that can be quickly converted into cash while retaining its market value.
Cash on hand is the most liquid asset, followed by funds available for withdrawal from bank accounts. There is no need for conversion—if your company requires cash, you can get it right away.
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congress imposes a price ceiling in the market for gasoline. it is below the equilibrium price. this will:
congress imposes a price ceiling in the market for gasoline. it is below the equilibrium price. this will: Lead to a shortage of gasoline
What is equilibrium price?
A market-clearing price, often referred to as an equilibrium price, is the consumer cost associated with a good or service when supply and demand are equal or nearly equal.
The cost at which a commodity's supply and demand are balanced. When a significant index experiences a, it is claimed that the market is in equilibrium period of consolidation or sideways movement, indicating that the forces of supply and demand are essentially equal.
At the equilibrium price, there is neither a shortage nor a surplus of the good because buyers and sellers are both willing to purchase the same amount.
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mary signed up and paid $1,200 for a 6-month ceramics course on june 1st with choplet ceramics. as of august 1st, choplet's accounting records would indicate:
On June 1st, Mary signed up for and paid $1,200 for a 6-month ceramics course with Choplet Ceramics. Cholet's accounting records would show $400 in revenue and $800 in deferred revenue as of August 1st.
A ceramic is any of the hard, brittle, heat-resistant, and corrosion-resistant materials created by molding and firing an inorganic, nonmetallic material, such as clay, at a high temperature. Earthenware, porcelain, and brick are common examples.
The term "ceramic" is derived from the Greek word (keramikos), which means "of pottery" or "for pottery," and o (keramos), which means "potter's clay, tile, pottery." The Mycenaean Greek ke-ra-me-we, workers of ceramic, written in Linear B syllable writing, is the first documented usage of the root "ceram-." Ceramic can be used as an adjective to describe a substance, product, or process, or it can be used as a noun, either singular or plural, as in "ceramics."
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the market below experiences sticky prices and wages. what is the new quantity demanded after a decrease in aggregate demand? three curves on a coordinate plane.
The new quantity demanded after a decrease in aggregate demand is The economy will continue to produce at the initial equilibrium price, but the amount demanded will decline, resulting in an output surplus.
What is aggregate demand?Aggregate demand identifies the complete market for all goods and services that an economy generates and expresses it as an overall dollar value. A nation might have a $1 billion annual aggregate demand for products and services, for instance.Consumer spending, investment spending, government spending, and the difference between exports and imports are all added together to determine aggregate demand. When one of these variables changes but the overall supply stays unchanged, aggregate demand will alter.In macroeconomics, the word "aggregate demand" is used to define the total demand for commodities produced domestically, including capital goods, consumer goods, and services.To learn more about Aggregate demand refer to:
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wild bill's cap emporium offers to produce hats and caps according to customers' requests. wild bill's utilizes a(n):
Wild bill's cap emporium offers to produce hats and caps according to customers' requests. wild bill's utilizes a(n): intermittent process.
What is intermittent process?
Processes that start at an arbitrary time and end at another arbitrary time are known as intermittent processes. The use of intermittent processes in intermittent production systems allows for the creation of goods only when they are needed or ordered by the client.
The following are some benefits of intermittent production systems: offers the client a range of items. The same machinery can be used to produce a variety of goods at the same price.
The definition of a production system is a process or organization that includes carrying out various tasks like gathering inputs, processing those inputs or reprocessing them, and providing the result, or finished goods. The system consists of three primary components: inputs, processes, and outputs.
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chinese automaker, geely, acquired volvo from ford, because it mostly needed the volvo to compete on the global stage.
Chinese automaker, Greely, acquired Volvo from Ford, because it mostly needed the Volvo core competencies to compete on the global stage.
Which of the following accounts for failed mergers and acquisitions?Acquisitions and mergers are frequently time- and money-consuming. The high recovery costs are one of the primary causes of their failure. Successfully integrating two firms can frequently be challenging. As a result, the new business may need to invest in new systems and procedures, which could result in substantial recovery costs.
What dangers do vertical integration pose, excluding those listed below?Vertical integration carries all of the following hazards, WITH THE EXCEPTION of: a lack of command over important resources.
Is the purchase of another company through a stock purchase made with cash or with issuing debt?Acquisitions: When one company purchases another, it may do it with cash, stock, or debt. Mergers are when two businesses combine or consolidate to form a new legal entity.
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hunter's hut is considering a project that will require additional inventory of $35,000 and will increase accounts payable by $14,000. accounts receivable is currently $297,000 and is expected to increase by $21,250 if this project is accepted. what is the project's initial cash flow due to the change in net working capital?
$37,880. Formula. Initial money flows = FC+WC-S + (S-B) * T Here, FC = fixed capital, WC = working capital, S = Salvage value, B = Book value, T = Tax rate.
Initial money go with the flow is the whole cash that is on hand when a project or enterprise is in the planning stages. The determine includes any loans or investments made in the project.
How do you calculate exchange in net working capital?Net working capital for the contemporary length – internet working capital for the preceding duration = exchange in internet working capital. To calculate the change, you want to determine the net working capital for both the modern-day and preceding period, and this is the formula: Current property – current liabilities = internet working capital.
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https://brainly.com/question/735261#SPJ4larren buffett is concerned after receiving her weekly paycheck. she believes that her deductions for social security, medicare, and federal income tax withholding (fit) may be incorrect. larren is paid a salary of $4,100 weekly. she is married, claims 3 deductions, and prior to this payroll check, has total earnings of $128,245. what are the correct deductions for social security, medicare, and fit? assume a rate of 6.2% on $128,400 for social security and 1.45% for medicare.
Social Security $604.19
Medicare $59.45
FIT $230.70
Total earning = $128,245
Weekly salary= $4,100
Social security tax = ($128,245 - $118,500) × 0.062 = $604.19
Medicare tax = $4,100 × 1.45 = $59.45
Within the united states, Social protection is the normally used time period for the federal vintage-Age, Survivor, and disability coverage (OASDI) software and is administered with the aid of Social protection management (SSA).[1] The authentic Social protection Act become enacted in 1935,[2] and the contemporary version of the Act, as amended,[3] encompasses numerous social welfare and social insurance packages. The average monthly Social safety benefit for August 2022 was $1,547.[4] the total cost of the Social safety program for the 12 months of 2021 becomes $1.145 trillion or approximately five percent of the U.S. GDP.
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in the normalization process, if you find a candidate key that is not a determinant then you should:
If a candidate key is not determinant then you should:
Place the columns of the functional dependency in a new relation. Make the determinant of the functional dependency the primary key of the new relation. Leave a copy of the determinant as a foreign key in the original relation.What is the normalization process?Normalization is the process of reorganizing data in a database so that it meets two basic requirements:
There is no redundancy of data, all data is stored in only one place.Data dependencies are logical, all related data items are stored together.Normalization is important for many reasons, but chiefly because it allows databases to take up as little disk space as possible, resulting in increased performance.
Normalization is also known as data normalization. It is a pre-processing stage of any type of problem statement.
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compute sales based on the following information. sales $ ? variable costs 30,000 fixed costs 5,000 target income $ 65,000
Based on the given information, the amount of sales equal to $30,000.
What is the meaning of sales?In accounting, the term "sales" refers to the volume of goods and services sold by a business during a reporting period or the company's revenue earned from the sales of products or services.
The amount of sales will be computed by:
= Target income - (variable costs + fixed costs)
= $65,000 - ($30,000 + $5,000)
= $65,000 - $35,000
= $30,000
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a process layout is used when all products undergo the same operations in the same sequence. true false
True, a process layout is used when all products undergo the same operations in the same sequence.
an arrangement or plan, particularly the conceptual organization of components or regions. A factory's layout or the design of a printed circuit. anything's arrangement or layout, particularly a newspaper's, book's, or advertisement's layout or composition. the way it was set out. something that is produced with the intention of being sold, typically through an industrial process, or, less frequently, something that is grown or obtained through farming: They manufacture a variety of skin care goods.
Anything you sell to fulfill a customer's need or desire is a product. They could be real or virtual. A physical product can be either durable (such as cars, furniture, or computers) or nondurable.
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which assessment tool would you use to determine the degree to which a quality or trait was present?
Rating tool is the assessment tool which we would use to determine the degree to which a quality is present.
A closed-ended survey question that uses a rating scale to express respondent input for certain features, products, or services is known as a closed-ended question. One of the most common sorts of questions for both online and offline surveys asks participants to rank a quality or feature. A rating scale is a variation on the well-known multiple-choice question that is frequently employed to collect data that offers relative information on a certain issue.
When they want to link a qualitative measure to the many features of a product or service, researchers employ a rating scale in their research.
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do additional considerations arise because of the difference between the basis and fair market values of the properties liz and john contributed?
Yes, additional considerations arise between the basis and fair market values of the properties belonging to Liz and John's contribution. It must be $150,000.
Note that the partnership must distribute the depreciation expense (and any future gain if the property is sold) among the partners in accordance with the 704(c) regulations because John's property has a $150,000 pre-contribution gain.
For taxes purposes, a fixed asset's basis value is its purchase price. To assist businesses in obtaining Internal Revenue Service-approved tax benefits, the valuation of a fixed asset may be modified (IRS). In other words, when an asset is sold, the basis value lowers the tax liability for the selling corporation.
The estimated price that would be given to the owner upon a sale is the fair market value of a company or asset. The value of the firm and the assets in the existing financial markets are included in the formula for calculating fair market value.
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an investor has purchase a bond where the issuer will repay part of the bond's principal before the final maturity date, and then pay off the major portion of the debt principal at final maturity. this is
An investor has purchased a bond wherein the provider will pay off a part of the bond's primary earlier than the very last adulthood date, after which repay the important part of the debt primary at the very last adulthood. This is a balloon maturity schedule.
What's balloon maturity?Balloon maturity refers to a state of affairs whilst the very last fee to pay off a debt is considerably large than the preceding payments. The maximum not unusual place utilization of this time period is on problems. Issuing bonds and making plans for balloon adulthood may be volatile for a provider.
For example, if in three hundred and sixty-five days a financial institution problems 500 bonds so that it will mature in 10 years, the financial institution should be assured it is going to be capable of cowl the primary of all 500 bonds once they mature and are due. Likewise, it should additionally be capable of meeting all of the coupon payments in the course of the ones 10 years.
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the optimization rule for unconstrained optimization is to select that level of activity at which a. marginal benefit exceeds marginal cost. b. total benefit is equal to total cost. c. total benefit is less than total cost. d. marginal benefit equals marginal cost.
The optimization rule for unconstrained optimization is to select that stage of activity at which marginal benefit equals marginal cost.
What is marginal cost?In economics, marginal cost refers to the change in total cost that occurs when output increases, the cost of producing additional quantity.Depending on the context, it can refer to a unit increase in spending, or it can refer to the percentage change in total cost when spending is increased by a small amount. For each stage and period of production considered, marginal costs include all costs that vary with the stage of production, but fixed costs that do not vary with production.For example, the marginal cost of building a car includes the cost of labor and parts required for additional cars, but excludes the fixed cost of building a factory, which does not change with production. Marginal costs can be either short-term or long-term marginal costs, depending on the size of the chicken. Because in the long run even the size of the building is chosen to match the desired output.To learn more about marginal cost from the given link :
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Prompt
Suppose you have a friend who says she does not need any resources or career experience before selecting a career,
because she has already chosen her career. What might you tell her about career resources and their importance in career
selection?
Regarding the career resources and their importance in career selection, one would like to tell her that it is good that she has chosen her career but still there is no harm in taking the help of the career resources as it will help in clarifying her path and clear her conflicts if any.
Career resources tend to offer many programs which tend to aim to foster work readiness skills such as time management, professionalism, interpersonal skills, and much more. Whereas, career selection is considered to be an important stage in a student's life.
So, career selection influences a number of decisions which he/she takes based on their career choices. Thus, selecting a career is important as it paves the way to economic security.
Hence, career choice is influenced by the given multiple factors.
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which of the following situations best exemplifies role exit? a.) a child celebrates a birthday. b.) an employee experiences job dissatisfaction. c.) a student graduates high school and gets a full-time job. d.) an employee completes a project and begins another.
A student graduates high school and gets a full-time job is the situation which best exemplifies role exit.
What is Role exit?
Role exit is a shift where someone leaves behind their previous roles to take on new ones. Because of how complicated human society is, each person fills a variety of jobs and obligations. These roles, which can be as complex as parent or as straightforward as sports teammate, are defined in part by our relationships with one another.
Role exit is frequently linked to either social qualities or role-set attributes. Role exits might also be brought on by a life-changing experience or personal injury. People may quit their jobs due to organizational changes, uncertainties, and new expectations for the position.
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a firm in the early stages of the industry life cycle will likely have . a. high market penetration b. high risk c. rapid growth d. a and c e. b and c
A firm in the early stages of the industry life cycle will likely have high risk as well as rapid growth.
So, the correct options are B & C.
The company is probably high-risk, experiencing quick expansion with just a small amount of market penetration and instability within its industry in the early phases of the industry life cycle. Consider a scenario in which the government decides to reduce the budget deficit. Due to the significant amount of money initially invested in technology, equipment, and other fixed costs, businesses in the startup stage are likely to generate zero or very little revenue and experience negative cash flows and profits.
An industry's life cycle is divided into four stages: introduction, growth, maturity, and decline. When new products are developed, industries are created, but there is a great deal of uncertainty about the market size, the product's specifications, and the primary competitors.
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which lean related process can be described as a strategy to increase the level of services to consumers through close cooperation among retailers, wholesalers, and manufacturers? which lean related process can be described as a strategy to increase the level of services to consumers through close cooperation among retailers, wholesalers, and manufacturers? just-in-time efficient consumer response quick response keiretsu relationships
A strategy to raise the standard of services provided to consumers through close collaboration between retailers, wholesalers, and Lean manufacturers is the efficient consumer response lean related process.
Lean, also known as purple drank, purp, sizzurp, syrup, or oil, is a recreational drug beverage made by combining a soft drink with a prescription-strength cough or cold syrup containing codeine and manufacturers promethazine. The drink was invented in Houston and is well-known in hip hop, particularly in the South of the United States.
The user experiences mild "euphoric side effects" from lean, along with manufacturers "motor-skill impairment, lethargy, drowsiness, and a dissociative feeling from all other parts of the body." According to some theories, the Lean extremely sweet concoction of soda, cough syrup, and Jolly Ranchers imparts a flavor and mouthfeel that lasts for a long time on the tongue. New users frequently find this phenomenon appealing.
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ashburn corporation issued 15-year bonds two years ago at a coupon rate of 7.6 percent. the bonds make semiannual payments. if these bonds currently sell for 106 percent of par value, what is the ytm?
The respect development of the securities is the rebate rate that compares the cost of the cling to the amount of limited coupons and the development standard worth of the security. The riskiness of the bond determines the yield to maturity.
Why is yield to maturity so significant?The term "yield to maturity" (YTM) refers to an investment's cash flow over time and is closely related to bond yield. A long-term bond yield is the total return on a bond that is anticipated when the bond matures and is expressed as an annual return.
What factors influence a bond's yield to maturity?Yield to maturity takes into account the following elements. Coupon rate: The yield of a bond or CD is proportional to its coupon rate, or interest payment. This is due to the fact that the bond or CD will accrue interest at a higher percentage of its face value each year. Cost — The higher a security or Cd's value, the lower its yield.
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he contra revenue account that normally has a debit balance is a. purchase discounts b. sales returns and allowances c. freight out d. purchase returns and allowances
He contra revenue account that normally has a debit balance is a Purchase returns and allowances. The Revenue Accounts are those that report the business's income and thus have credit balances.
Examples include revenue from sales, the revenue from rental income, revenue from interest income, and so on. Revenue accounts are credited when services are performed/billed, and thus have debit balances. Revenue (also known as Sales or Income) is the first line of a company's income statement and is often referred to as the "Top Line" of a business. Profit or Net Income is calculated by subtracting expenses from revenue.
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if the total utility from consuming seven units of a product is 336 and the marginal utility of a eighth unit is 16, then the total utility from consuming eight units would be
The sum of the utils gained from each unit of consumption is the total utility. Each unit of consumption in the equation should have a little decreased utility as more units are eaten.
To maintain a high standard, we examine their content and incorporate your suggestions. Text version of the image: The total utility from consuming eight units of a product would be Multiple Choice 320 if the total utility from consuming seven units of that product is 336 and the marginal utility of an eighth unit is 16. Total utility rises, but at a reducing pace, until it hits a peak, at which point it starts to fall. As total utility rises, marginal utility falls.
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the organizational function and set of processes for creating, communicating, and delivering value to customers and managing customer relationships in ways that benefit the organization and its employees, customers, investors, and society as a whole is referred to as
A collection of procedures for building, managing, and communicating with client connections in ways that are advantageous to the firm and its stakeholders is known as marketing.
The process of developing, communicating, delivering, and trading offerings that are valuable to customers, clients, partners, and society at large collectively is known as marketing. A series of procedures known as marketing are used to create, convey, and provide customers with value as well as to strengthen such relationships. Everything a business does to meet consumer demands is included in this. Value delivery refers to how you create your products so that the customer receives the most benefit from using them. Customers may receive value in the form of goods, advantages, attributes, etc.
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at the world economic forum in davos, there were discussions regarding the value of the u.s. dollar. what determines the value of the dollar? multiple choice
At the world economic forum in davos, there were discussions regarding the value of the u.s. dollar. The value of the dollar is determined by the market forces of supply and demand.
A global non-governmental and lobbying organisation, the World Economic Forum (WEF) is headquartered in Cologny, in the canton of Geneva, Switzerland.
German engineer and economist Klaus Schwab founded it on January 24, 1971. The foundation sees its own mission as "improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas." The foundation is primarily funded by its 1,000 member companies, which are typically global enterprises with more than five billion US dollars in annual revenue. It also receives public subsidies.
The WEF is most known for its yearly gathering at the end of January in Davos, a ski resort in the eastern Swiss Alps. Around 3,000 paying attendees and invited guests are present during the meeting.
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