Future cost is a value of an investment or asset on a specific date in the future.
To put it every other way, the future cost is the quantity of money a given funding will be really worth after a certain period, assuming a unique price of return (interest rate).
How do I calculate future value?You can calculate future fee with compound interest the usage of this formula: future fee = existing fee x (1 + hobby rate)n. To calculate future value with simple interest, use this formula: future fee = present fee x [1 + (interest fee x time)].
How a whole lot will I have if I make investments 100 a month for 30 years?Long-term investor: Let's say that you are investing $100 per month with retirement in mind. You graph to make investments $100 per month for 30 years and anticipate a 6% return. In this case, you would make a contribution $36,000 over your funding timeline.
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https://brainly.com/question/2549802#SPJ4Juanita owns a candle business. She and her employees make candles from beeswax and soy wax in a variety of colors, scents, and sizes. Originally, Juanita set up her business structure as a sole proprietorship. As her business is growing, she is reviewing her business ownership structure to decide if there may be a more favorable structure as it relates to her taxes. What other business ownership models might she choose? What are their tax structures? Describe three other models and why they might be better options than Juanita’s current sole proprietorship.
She might choose other business ownership that is corporation.
The tax structures in the Corporation will be taxed at a lower 15% corporate rate than other business ownership like in partnership the tax will be more than 25%.
The three business models which are-
Sole proprietorship.Partnership.Corporation.The corporation might be better options than sole proprietorship because robust protection liability. The ability to sell stocks and bonds, which in turn makes it much easier to raise capital and attract employees. In the corporation business, in respect of indefinite lifespan that can continue even after owners die or leave the company.
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the nominal interest rate is 5 percent and the real interest rate is 2 percent. what is the inflation rate?
The inflation rate will be 3% if the nominal interest rate is 5% and real interest rate is 2%.
What is the inflation ?The rate at which prices increase over a specific time period is known as inflation. Inflation is often measured in broad terms, such as the general rise in prices or the rise in a nation's cost of living.
As goods and services become more expensive, a currency unit loses some of its purchasing power. This affects a nation's cost of living as well. High levels of inflation result in rising living expenses, which eventually slow down economic growth. The economy needs a certain amount of inflation to encourage spending and discourage holding onto money through savings.
Deflation is a drop in the average level of prices for goods and services. When the inflation rate is less than 0%, deflation sets in.
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if you have fixed costs of $150,000, variable costs of $10 per unit, and sell your picture frames for $50 each, how many frames would you need to sell to break even?
Formula for Variable Costs. Multiply the cost of producing one unit of your product by the total number of products you have produced to arrive at variable costs.
This is how the formula looks like: Cost per unit x total number of units equals total variable costs.
With variable costs, how is the selling price calculated?Divide the contribution margin per unit by the variable cost per unit.You can calculate your selling price per unit by adding together the variable cost per unit and contribution margin per unit.
What is the formula for variable costing?The formula for variable costing is direct labor costs, direct raw material costs, and variable manufacturing overhead divided by the number of produced units.
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proper segregation of duties reduces the opportunities to allow persons to be in positions both to group of answer choices journalize entries and prepare financial statements. record cash receipts and cash disbursements. establish internal control and authorize transactions. perpetrate and conceal fraud and error.
One important internal control is the separation of duties.The person who receives goods from suppliers in the warehouse is not allowed to sign checks to pay the suppliers for those goods as an illustration of the segregation of duties.
Supervisors must take into account whether tasks are appropriately segregated when designing, redesigning, or defining/redefining job duties, as well as when authorizing user accounts in Banner and other systems. Supervisors must follow previously approved processes or put new processes/internal controls procedures in place that clearly define employee responsibilities and provide for efficient monitoring of operations. When crucial operations cannot be separated, one must rely on "compensating controls," such as managerial review; in such cases, the Executive Director of Finance must approve the use of a compensating control in advance.
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kai sells a small magazine full of celebrity gossip to college students for $2.59 per copy. hiring the printing press for one day, the only fixed cost, is $368 per issue. the variable cost of printing each issue is $0.93 per copy. the printer tells kai the cost of hiring the press is to increase by $135 per day. before the increase in the cost of hiring the press, kai was earning a profit of $500 per issue. how many copies per issue (units) was kai selling?
The price increase should be able to cover the additional fixed cost of $145, hence Fixed Cost/No of copies sold will give us the increase in price required.
145/No of Copies Sold. (if the Volume is 576, then the increase in price will be:
145/576= $0.25
Boom is a male-given name. It is the English language's literal translation of the name Joseph, which originates from Hebrew. Originating in England, the name was given often amongst Puritans in colonial New England and within the early 19th century within the u.S.. Because the nineteenth century, the call has reduced in reputation and is now rare, if no longer extinct. The name growth is the English literal translation of the name Joseph, which originates from the Hebrew language. The Hebrew version of Joseph, Yosef (יוֹסֵף), translates as which means "Yahweh will/shall growth/upload," or "he's going to add."[1] This name in flip originates from the Hebrew verb yasap (יסף), because of this "to feature, boom, or repeat."[2] for that reason, the name increase, originated in England and changed into a literal translation of the Hebrew call and verb, which pertains to "growth" as another toddler as a gift from God.[2]
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the difficulty in dealing with the economic impact of public health measures has been illustrated by conflicts with what industry?
Conflicts with the tobacco industry have highlighted the difficulty in dealing with the economic implications of public health policies.
What are policies for public health?
The laws, rules, initiatives, and choices made by society to advance the well-being and guarantee the accomplishment of particular health objectives are referred to as public health policies. It is possible to implement formal laws and community engagement programs as public health policy. There are many industries where public health policy is important, including:
Medical careInsuranceEducationAgricultureBusinessBecause it applies public health theory and research to real-world situations, public health policy is extremely important. Research is translated into action through public health policies, which also seek out widespread fixes for previously identified issues.
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recall that hytex company is a direct marketer of technical products and that the file catalog marketing.xlsx contains recent data on 1000 hytex customers. a. identify all customers who are either (1) homeowners between the ages of 31 and 55 who live reasonably close to a shopping area that sells similar merchandise, and have a combined salary between $40,000 and $90,000 (inclusive) and a history of being a medium or high spender at hytex; or (2) homeowners greater than the age of 55 who live reasonably close to a shopping area that sells similar merchandise and have a combined salary between $40,000 and $90,000 (inclusive) and a history of being a medium or high spender at hytex. how many customers have you identified?
a(1): 31 records
a(2): 5 records
b(1): acc to part A total record is 31 out of which 7 are women i.e 0.225
b(2): acc to part A total record is 31 out of which 22 are married i.e 0.709
b(3): acc to part A total record is 31 out of which 5 have children i.e 0.161
b(4): total sum 576/31= 18.5 catalog on an average
b(5): total spent at syntax Sum= 55613/31=1794$
on average customers spend 1794$ at Hytex.
In linguistics, syntax is the take look at ways words and morphemes combine to shape larger devices which include phrases and sentences. Significant issues of syntax consist of phrase order, grammatical relations, hierarchical sentence structure (constituency), agreement, the character of crosslinguistic variation, and the relationship among form and that means (semantics). There are various tactics for syntax that fluctuate in their important assumptions and goals. The word syntax comes from historic Greek roots: "coordination", which consists of syn, "collectively", and táxis, "ordering".
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revenues and expenses arising from activities that are not part of the company's operations are classified as
The portion of an organization's income that comes from activities that are unrelated to its core business operations is called non-operating income.
It can include dividend income, investments' profits or losses, foreign exchange gains or losses, and asset write-downs.
Which item does not fall under the category of operating expenses?
A cost that isn't directly related to core business operations is a non-operating expense.Restructuring costs, inventory write-offs, and payments to settle lawsuits are examples of non-operating expenses.
What are non-operating expenses and income?
The accounting term "non-operating expense" refers to expenditures that are unrelated to a company's day-to-day operations, as the name suggests.These costs can include one-time or unusual costs as well as monthly costs like debt interest payments.
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question content area internal control does not consist of policies and procedures that a.protect assets from misuse b.ensure that business information is accurate c.ensure employees and managers comply with laws and regulations d.guarantee the company will earn a profit
Internal control does not consist of policies and procedures that Option(d) guarantee the company will earn a profit.
What is Internal Control?Internal controls are controls put in place by management to mitigate against identified risk. Risk basically refers to what could go wring in a process. Controls are put in place to mitigate against the risk of error or fraud and do not necessarily prevent the company from making a loss.
Companies make profit or loss based on management's decisions such as where to invest, what time to invest, introduction of a new product, management of cost of sales and operating expenses etc
Internal controls basically consist of policies and procedures that ensure that the company's asset are not misused (fraud), no misrepresentation of revenue (fraud), employees and managers comply with laws and regulations, business information is accurate ( no misrepresentation of records due to error) etc.
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explain the outcomes of the invoice verification step of the procurement process. what is a three-way match? what is its purpose? what documents are involved in a three-way match?
The Invoice Validation step debits GR/IR and credits the sub-ledger account Payables, in the three-way matching system.
Thus causing an automatic credit to the Accounts Payable account. Payment transactions result in bank account credits, vendor account debits, and vendor account debits.
What is Three-way matching?Three-way matching is a vendor invoice process that determines whether a vendor invoice should be paid. Simply put, three-way matching cross-references invoices with related purchase orders (POs) and packing slips to match all relevant details, such as the stated order amount and the number of items ordered. According to the ACFE report, this helps companies track down fake or fraudulent transactions that can cost them an estimated 5% of their annual revenue.It is a payment verification technique that compares details related to a particular purchase across three related documents. Once your information is verified, you can submit your payment. A mismatch in one or more details triggers another AP process to investigate the discrepancy.The most important document involved in a three-way matching process is :delivery receiptsupplier invoicepurchase orderThus causing an automatic credit to the Accounts Payable account. Payment transactions result in bank account credits, vendor account debits, and vendor account debits.
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item 14 a new project has an initial cost of $172,000. the equipment will be depreciated on a straight-line basis to a book value of $65,000 at the end of the four-year life of the project. the projected net income each year is $15,300, $18,100, $23,400, and $15,200, respectively. what is the average accounting return? multiple choice
the average accounting return is found to be 15.19%
Average Accounting Return (AAR) = Average Project Net Income / Average Book Value Investment
Average annual project income = $72,000 / 4 years = $18,000
Average book value of investment = $172,000 + ($65,000/2) = $118,500
AAR = 18,000 / 118,500 = 15.19%
The average accounting return (AAR) is calculated by dividing the average project earnings after taxes and depreciation by the average book value of the investment over its life. The average accounting return is used in making capital budgeting decisions.
The average accounting return (AAR) has both benefits and drawbacks. one of its advantages is that It is simpler to calculate than other capital budgeting decision rules. It only requires the investment's net income and book values income and book values of the investment over its lifetime.
The disadvantage is that it is based on net income and book values rather than cash flows and market values.
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independent of your answer in part (c), what procedures should the auditor perform if the difference between the expectation and the book value is greater than tolerable misstatement?
If the differ-ence between the auditor's expect-ation and the book value is gre-ater than the tolerable misstatement, the auditor should cons-ider performing the follow-ing audit procedures:
-Review the gen-eral journal and general ledger for any un-usual entries.
-Re-evaluate the his-torical return rates.
-Re-evaluate the gross profit mar-gin.
-Ask the client to ad-just the bo-oks.
What Is an Auditor?An auditor is a per-son authorized to review and verify the accu-racy of financial records and en-sure that comp-anies comply with tax laws. They pro-tect businesses from fraud, point out discrepancies in account-ing methods and, on occa-sion, work on a consult-ancy basis, helping organ-izations to spot ways to boost opera-tional efficiency.
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the potential benefits of diversification into a two-asset portfolio are greatest if: group of answer choices the assets are highly positively correlated with each other. the degree of correlation does not matter. none of the answers is correct. the assets are uncorrelated with each other. the assets are negatively correlated with each other.
Enhancement works best when resources are uncorrelated or adversely connected with each other, so particularly that as certain pieces of the portfolio fall, others rise.
How can an investor's portfolio benefit from asset diversification?Investors can protect themselves from significant swings in key sectors and offset any exposure in a single position by incorporating portfolio diversification. Typically, traders trade both stocks and bonds to diversify.
When making a portfolio, why is the correlation coefficient so important?You can learn more about the strength of the relationship that exists between two distinct variables by using the correlation coefficient. Using it can help you increase portfolio diversification and gain a better understanding of a stock's performance in relation to its peers or the industry as a whole.
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Traditionally, an employer or employee could end a work relationship at any point, without a specified.
Traditionally, an employer or employee could end a work relationship at any point, without a specified contract.
A contract is a document that bonds an employer to an employee. If there is no contract then the employer or the employee can leave the companionship at any time.
If a company wants that an employee works for the company for a specified amount of time, then a contract has to be made between the company and the employee. Without a contract, there is no right of an employer to an employee and vice versa.
Hence, a working relationship can be ended at anytime if there is no contract.
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elissa is a network technician. she is configuring firewall rules for one of her company's branch offices, which supports online retail sales of the company's products. she is configuring rules to block traffic based on a traditional model but needs to allow a particular type of traffic. what should she allow?
All traffic from port 80 originating from the office's web server, which is in a protected subnet
What is protected subnet ?One system of controlling the security of large networks is to divide them into separate logical network grouping of covered bias called defended subnets. Each defended subnet must be secured by MSSEI managed firewall to insulate the covered bias from public internet and networks hostingnon-covered bias. defended subnets can also host lower protection position bias(e.g., UC P2/ 3 and UC P1 bias) as long as all bias on a defended subnet complies with MSSEI controls needed of the loftiest protection position bias.
In addition, a subnet can not be supposed a" defended Subnet" if it contains systems and operations that grant access solely grounded on an implicit trust. For case, if a UC P4 system is insulated on its own network subnet, but allows access grounded solely on IP address(e.g. poor. rhosts configuration on a Unix system, or NFS train shares that grant access grounded solely on stoner ID or group ID), also the subnet isn't a defended Subnet.
Managed firewall and other networking bias(e.g. routers, switches, etc) used to secure defended subnets must also be secured from physical tampering.
Physical access to network outfit must be defended by a locked door and/ or press.
Physical access to open network anchorages connected to defended subnet must also be defended by a locked door and/ or press. Unused open network anchorages connected to defended subnets should be impaired unless needed for valid business purposes.
Crucial access to network outfit and open network anchorages must be limited to individualities who bear access for valid business purposes.
defended subnets must also not be attached to any wireless network. Specifically
Wireless routers mustn't be physically attached to the any data harborage on the defended subnet, which includes networking bias(e.g. firewalls, routers, switches) connected to the defended subnet.
Covered Bias connected to the defended subnet shouldn't be contemporaneously connected to a wireless network.
still, resource owner and resource custodian must also insure the NAT device complies with the Security Policy for NAT bias
If covered bias live in a defended subnet that utilizes Network Address restatement( NAT) technology.
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a company's cost of supplies for when 5,000 units are sold is $7,500 of fixed costs plus $1.25 variable cost per unit. what is the increase in the total cost of supplies if 350 more units are sold than expected? multiple choice question. $962.50 $437.50 the cost remains the same.
A company's cost of supplies for when 5,000 units are sold is $7,500 of fixed costs plus $1.25 variable cost per unit. The increase in the total cost of supplies if 350 more units are sold than expected is $437.50
It is calculated as :
Fixed cost when 5000 units are sold = $7500
Variable cost = $1.25 per unit
Fixed cost will remain the same and it will also did not increase with increase in output because it remains constant and decreases with the increase in output.
Therefore additional cost incurred is variable cost per unit.
When additional 350 units are sold = 1.25* 350 units
= $437.5
Variable cost is defined as the cost which vary with the level of output . It increases with the increase in output.
Total cost is equal to fixed cost plus variable cost.
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A logistics manager ordering parts wants to choose a mode of transportation with very low costs.
The mode of transportation, that if available, will best meet these needs is: D. Ships.
What is the best mode of transportation for the logistics manager to use?The best mode of transportation that the logistics manager in the scenario described above can use ship. The factors that make this choice the most desirable include the fact that the manager seeks a cheap mode of transportation.
Also, since long delivery times are not a major problem, ships are ideal because they take time to arrive but are cost-effective. As an efficient manager, the best way of ordering parts while saving money for the organization will be through the use of ships.
Complete Question:
A logistics manager ordering parts wants to choose a mode of transportation
with very low costs. The company can plan ahead, so long delivery times are
not a major problem. What mode of transportation, if available, will best meet
these needs?
A. Railroads
B. Trucks
C. Airplanes
D. Ships
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the coso integrated framework stresses that group of answer choices risk management activities are an inherent part of all business operations and should be considered during strategy setting. effective risk management is comprised of just three interrelated components; control environment, risk assessment, and control activities. risk management is the sole responsibility of top management. risk management policies, if enforced, guarantee achievement of corporate objectives.
The COSO integrated framework stresses that risk management activities are an inherent part of all business operations and should be considered during strategy setting.
Treadway Commission Committee of Sponsoring Organizations: Home. Go to the main content now. Internal controls can be the established and incorporated into business processes using the COSO Framework. risk management , these controls offer a fair level of comfort that the business is conducting itself ethically, the transparently, and in compliance with accepted industry norms. Assuring that objectives have been met in the crucial areas of operations, reporting, and compliance is the main objective of the COSO Framework.
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the value of many technology companies lies in their internally generated intangible assets. these assets have economic value, which is recognized by financial analysts and stock market participants. discuss how this information is communicated to investors and when the value of these assets no longer exists
There is only one intangible asset that can be capitalized that is produced internally. These are development costs, which are incurred by organizations to develop new product lines or manufacturing techniques. These can be promoted from where six improvement standards are met.
How do intangible assets affect a company's value?Since a company's customers' perceptions of its brand determine its value, brand equity is an intangible asset rather than a physical one. In short, a company's intangible assets can be significantly more valuable than its tangible assets and contribute to its potential future worth.
Why is technology an asset that cannot be replaced?Technology-related intangible assets are broadly defined as intangible assets that produce proprietary knowledge and products for the purposes of this discussion. The owner/operator of the business has the option of developing or purchasing this exclusive method or knowledge.
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what are reasons that companies expand into foreign markets? (choose every correct answer.) multiple select question. to educate employees about new cultures to help lower-income countries to gain access to low-cost production to gain access to new customers to achieve lower costs
reasons that companies expand into foreign markets are:
to achieve lower costs
to gain access to low-cost production
to gain access to new customers
Foreign markets are any markets that are not in a company's home country. Selling in foreign markets involves navigating a variety of languages, cultures, laws, rules, and requirements.
International marketing enables social and cultural exchange between many different countries. The newest trends and clothing from one count were sold alongside the products.
Global or international market expansion is the process of expanding your business operations to a new country. It entails more than merely making investments outside of the nation where the business is based. Instead, it refers to establishing a business company legally in another nation and conducting business there.
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when the minimum-maximum inventory system is used, the minimum number of purchase units that must always remain in inventory is called:
When the minimum-maximum inventory system is used, the minimum number of purchase units that must always remain in inventory is called: Safety level
What is safety level?To avoid running out of a product, safety stock is an excess supply that is kept in the warehouse. It provides protection from shifts in demand.
The phrase "safety stock" is used by logisticians to refer to a quantity of extra stock that is kept on hand to reduce the risk of stockouts (a shortage of raw materials or packaging) brought on by unforeseen fluctuations in supply and demand. Business operations can run as planned with sufficient safety stock levels.
The safety factor, which ranges from 20% to 40%, is determined instinctively without taking any particular factors into account. The effectiveness of this strategy depends on the stock controller's expertise, experience, and the company's acceptance of this component.
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south trucking, inc. stock is expected to return 8.4 percent in a boom, 8.9 percent in a normal economy, and 9.2 percent in a recession. the probabilities of a boom, normal economy, and a recession are 6 percent, 92 percent, and 2 percent, respectively. what is the standard deviation of the returns on this stock? (round to six decimal places for intermediate calculation) group of answer choices .38 percent .55 percent .42 percent .06 percent .13 percent
0.32% is the standard deviation of the returns on this stock if south trucking, inc. stock is expected to return 8.4 percent in a boom, 8.9 percent in a normal economy, and 9.2 percent in a recession.
A security that denotes ownership of a portion of the issuing company is recession share referred to as a stock, also known as equity. Shares, which are units of stock, entitle their owners to a portion of the company's assets and profits based on how many shares they own.
The cornerstone of many individual investors' portfolios, stocks are recession primarily bought and sold on stock exchanges. Government rules aimed share at shielding investors from dishonest practices must be followed when trading stocks.
Expected return=Respective return*Respective probability
=(0.08*8.4)+(0.7*8.9)+(0.22*9.55)
=9.003%
probability Return probability*(Return-Expected Return)^2
0.08 8.4 0.08*(8.4-9.003)^2=0.02908872
0.7 8.9 0.7*(8.9-9.003)^2=0.0074263
0.22 9.55 0.22*(9.55-9.003)^2=0.06582598
Total=0.102341%
Standard deviation=[Total probability*(Return-Expected Return)^2/Total probability]^(1/2)
=(0.102341)^(1/2)
=0.32%
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describe the use of personalization and customization in e-commerce. what business value do these techniques have?
Personalization in e-commerce encourages client loyalty. They are more likely to display their loyalty and stick with your brand in comparison to the competition.
They are more likely to display their loyalty and stick with your brand in comparison to the competition if you continually demonstrate that you understand what is expected of your brand and how to deliver the experiences they want.
Because personalization enables your business to better meet consumer needs and improve the quality of their buying experience, it improves the customer experience.
Through personalization, businesses can keep track of consumer preferences and direct them to the exact location they desire from the moment they step foot inside your establishment. A few examples of how personalisation enhances the customer experience include highlighting the products they will want to see, saving payment information for easy access, and informing them of upcoming deals they will be most interested in.
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which of the following is true of a traditional certificate of deposit (cd)? a. traditional cds must be kept at the issuing institution for a specified time period. b. traditional cds have a floating rate of interest. c. traditional cds are discounted when their market price is more than issue price. d. traditional cds are repaid in installments by the issuing bank. e. traditional cds pay no periodic interest.
Option c is correct. When a traditional certificate of deposit's market price exceeds its issue price, it is discounted.
A type of savings product known as a certificate of deposit (CD) charges interest on a single sum of money for a predetermined period of time. For CDs to avoid penalties and losing interest, the money must stay in the account for the entire term, unlike savings accounts. Savings accounts typically pay lower interest rates than CDs as compensation for liquidity loss.
The majority of consumer financial institutions offer certificates of deposit (CDs), but each bank is free to set its own terms, rate of interest in comparison to savings and money market products, and early withdrawal fees.
Finding the best CD rates requires comparison shopping because there is a surprising variety offered by various financial institutions.
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whenever ad or as shifts and puts the economy out of long-run equilibrium, as has a natural tendency to shift in such a way as to bring the economy back into long-run equilibrium. if the economy always eventually comes back to long-run equilibrium, the reason that the government even tries to implement policies to bring the economy into equilibrium is that:
The reason that the government even tries to implement policies to bring the economy into equilibrium is that the appropriate government response can eliminate the long-run effect on prices and can speed up the process of reducing unemployment.
If an financial system is stated to be in long-run equilibrium, then Real GDP is at its capacity output, the real unemployment price will identical the herbal price of unemployment (approximately 6%), and the real fee stage will identical the expected fee stage.
Long-run equilibrium occurs while the contemporary output is likewise identical to capacity output. This is verified through the intersection of SRAS, AD, and LRAS. If the fee stage will increase above equilibrium, then you definitely have a surplus in GDP. This way that your combination deliver is more than your combination demand.
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when a message is different from what consumers believe, they are likely to: group of answer choices change their beliefs develop counterarguments be driven by their subjective norms analyze the new message
Truth effect When people believe something because it has been said a lot of times.
What is the concept of consumer affective?
In light of Zajonc's (1980) proposition, an idea of Full of feeling Decision Mode is created. It is argued that the affective choice mode is the most common mode of consumer brand selection when products are expressive (i.e., they are sought for psycho-social goals rather than utilitarian ones).
What will a customer experience if they are forced to choose between two equally undesirable options?
Avoidance- Avoidance: When a person is forced to choose between two equally undesirable options, both of which have negative consequences, conflict results.
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Assume the Standard Internet Company negotiates a loan for $5,000 from the Metro National Bank and receives a checkable deposit for that amount in exchange for its promissory note (IOU). As a result of this transaction:
A. The supply of money is increased by $5,000.
B. The supply of money declines by the amount of the loan.
C. A claim has been "demonetized. "
D. The Metro Bank acquires reserves from other banks
According to the given statement makes a $5,000 increase in the available money.
What are the benefits and drawbacks of the internet?Since everybody can use a computer, information can be sent instantly and there are no longer any restrictions on where individuals can live. Forum for Communication: Through the internet, communication may now happen more quickly. Family and friends can easily limit touching.
What are the different sorts of internet?There are various forms of internet, which is a collection of networks. It is made up of a vast array of electrical, wireless, and photonic networking technologies that connect local to worldwide public, commercial, educational, business, and government networks.
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during the year, barbra carrey received an inheritance of $15,000 and a $500 gift from her employer. what amount of gifts received should barbra include in her income tax return? $0 $15,000 $500 $15,500
You must subtract allowable expenses from your gross profit in order to determine your taxable profits. In most cases, you won't be able to deduct a cost if you paid for it "wholly and exclusively" for business purposes.
Is tax paid on revenue or profits?Typically, declared profits—gross revenue less any costs incurred during the production process—are the basis for corporate income taxes.
Do I pay tax on my net or gross earnings?Regardless of whether you receive income net or gross, if it is taxable, you must include the gross amount—the amount before any tax was deducted—in your taxable income calculation.
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a particular model of computer costs $1,000, and the annual holding cost is 25% of the value of the item. annual demand is 10,000 units, and the order cost is $150 per order. what is the approximate economic order quantity?
Particular model of computer costs $1,000, and the annual holding cost is 25% of the value of the item. annual demand is 10,000 units, and the order cost is $150 per order, the approximate economic order quantity is 110.
A stands for annual demand, which is 10,000 units per year; C for pot unit cost, which is $1,000; S for ordering cost, which is $150; and I for annual carrying cost, which is 25% of pot unit cost. (H) = I * C
Demand simply refers to a consumer's willingness to pay the price for products and services without hesitation. The quantity of goods that consumers are prepared and willing to purchase at various prices within a specific time frame is known as demand. The concept of yquantity, also known as amount, can be expressed as a multitude or magnitude, which shows both discontinuity and continuity. Any algebraic combination of other quantities and a number, variable, or both constitutes a quantity.
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what is your advice to amad? should he take the 179 on the it equipment or the office furniture, and explain why?
The company should select furniture for Sec 179 and IT equipment for MACRS due to accelerated depreciation because of 5 years MACRS on IT equipment rather than 7 years on Furniture.
Instead of capitalizing and depreciating the asset over time, business owners can immediately deduct their expenses for the purchase of depreciable business equipment under Section 179 of the U.S. Internal Revenue Code. If the piece of equipment is bought outright or financed, and the entire purchase price qualifies, the section 179 deduction may be taken.
The business can immediately reduce its tax obligation by deducting the cost of the equipment, as opposed to capitalizing and depreciating the asset, which allows for smaller deductions to be taken over a longer period of time. Small business owners are encouraged to expand their operations through the acquisition of new equipment by the Section 179 expensing method.
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Complete question:
Amad has opened a new business and purchased some new IT equipment (five-year property) for $240,000 and office furniture (seven-year property) for $380,000 on April 9, 2020. He would like to elect the Section 179 expensing in the amount of $500,000 and use MACRS for the balance. He does not want to take the bonus depreciation. He expects his income from the business to be $540,000 (before deducting for the Section 179 expense). He is not sure which asset should be fully expensed.