Suppose in 2020, you purchase a house built in 2014. The value of the services of the real estate agent. the value of the services of the real estate agent would be included in the gross domestic product for 2020 This is further explained below.
What is the gross domestic product?Generally, Final products and services—i.e., those purchased by consumers—are included in GDP, which estimates the value of goods and services produced in a specific period of time.
In conclusion, Imagine that in the year 2020 you decide to buy a home that was constructed in 2014. The price that should be paid for the real estate agent's services. The total value of the real estate agent's services would be included in the calculation of the gross domestic product for the year 2020.
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A(n) _______ benefits program can also be referred to as a flexible benefits programs.
A(n) full-flex benefits program can also be referred to as a flexible benefits programs. It is a type of cafeteria plan benefit under Section 125 of the Internal Revenue Code. It offers workers an alternative.
What is an internal revenue code?The Internal Revenue Code, formally the Internal Revenue Code of 1986, is the domestic portion of federal statutory tax law in the United States, published in various volumes of the United States Statutes at Large, and separately as Title 26 of the United States Code.
Therefore, the correct answer is as given above
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Which first aid supply is applied over a wound to control bleeding and prevent contamination a clot of blood under the skin is called a?
Pressure bandage is applied over a wound to control bleeding and prevent contamination a clot of blood under the skin.
A pressure bandage is also known as a pressure dressing.
It is a bandage that has been designed to apply pressure on a particular area of the body so that an instant relief could be got.
Generally a pressure bandage has no adhesive and is always applied over a wound that has been covered with an absorbent layer. The absorbent layer can or can not be held in place with an adhesive.
Pressure bandages are mostly used to control bleeding and encourage blood clotting. It does not constrict normal blood circulation. They help in minimizing the swelling,
in protecting the wound from contamination,
in protecting the injured area from additional trauma,
and in preventing heat and fluid loss.
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Suppose that a firm produces wool jackets in a monopolistically competitive market. The following graph shows its demand curve, marginal revenue (MR) curve, marginal cost (MC) curve, and average total cost (ATC) curve.
Because the market depicted above is a monopolistically competitive market, it is easy to see that there is is a long run equilibrium situation because the price is equal to the Average Total Cost curve for each firm, where the quantity is optimal.
What is a monopolistically competitive market?Monopolistic competition is a market system in which numerous enterprises exist in an industry and create similar but distinct products.
None of the firms has a monopoly, and each company acts independently of the actions of the others.
From the attached graph and the information given,
Long Run Equilibrium > Efficient ScaleIt is also TRUE to state that the market for jackets has excess capacity;Learn more about Monopolistic Competition at;
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Full Question:
Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact that [P>ATC/ MR > MC/ P = ATC/ MR = MC] at the optimal quantity for each firm. Furthermore, the quantity the firm produces in long-run equilibrium is [equal to/ greater than/ less than] the efficient scale.
True or False: This indicates that there is excess capacity in the market for jackets.
Monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. The presence of the [product variety/ business-stealing] externality implies that there is too little entry of new firms in the market.
Money that is invested in small and sometimes struggling firms that have the potential to become very successful is called:________
Money that is invested in small and sometimes struggling firms that have the potential to become very successful is called Venture capital
Venture capital (VC) is a sort of private equity and financing provided by investors to start-up enterprises and small businesses with the potential for long-term growth. The majority of venture capital is often provided by wealthy individuals, investment banks, and other financial organizations.
A venture capital fund is a type of private equity that is funded by institutional and private investors, including investment banks, insurance providers, and pension funds. Due to its unstable character, venture capital investing is also known as patient risk capital or risk capital.
A form of equity financing known as venture capital (VC) involves investing money in exchange for equity, usually a small interest in a business that appears to be set for rapid expansion.
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Why do you think organizations tend to focus on the creation of one type of value but not both?
Organizations tend to focus on the creation of one type of value but not both because organizations do believe that the social value created by any organization has equal importance as their economic value. Due to this organizations believe that the creation of any value either the social value or economic value is enough.
Social value means the enhancement of the people and their lives by the combination of different resources.
Economic value means the creation of money or value in any economy by the organization.
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influences the degree to which the GDP changes if there is a change in the rate of return on a firm's potential project or the real interest rate.
The multiplier influences the degree to which the GDP changes if there is a change in the rate of return on a firm's potential project or the real interest rate.
In phrases of gross home product, the multiplier effect reasons gains in general output to be greater than the change in spending that brought about it. The term multiplier is usually used in connection with the connection between government spending and overall countrywide income.
The multiplier impact refers back to the effect on national income and the made of an exogenous growth in call for. as an example, think that investment call for increases with the aid of one. Corporations then produce to fulfill this call for. That the national product has improved manner that the national earnings has multiplied.
An effect in economics is while an increase in spending produces an growth in national earnings and consumption greater than the preliminary amount spent.
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In theory, preparing the initial budget is the responsibility of the ––––––––––––– and the legislature. in practice, preparing the budget is primarily the responsibility of the ––––––––––––– .
In theory, preparing the initial budget is the responsibility of the governor and the legislature. in practice, preparing the budget is primarily the responsibility of the legislature.
An assembly with the power to enact laws for a political unit, such as a nation or city, is known as a legislature. They are frequently put in opposition to the government's executive and judicial branches. Primary legislation is the term used to describe laws passed by legislatures.
The total income available to spend should be the biggest consideration when planning a budget. It is a great way to track expenditures and also organises your finances. A budget is a plan that helps to make sure that one does not run out of money by ensuring a proper estimation of income and expenditures.
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Accrued are earned in a period that are both unrecorded and not yet received in cash.
Accrued income is the income that is earned but has not yet been received by the company.
What is Revenue?Revenue is the income earned by a company, this is the sole reason for the existence of the company and company ensures that the expenses incurred by the company are less than the income earned so that the company stays to compete in the market.
Accrued income is the income for which the company have fulfilled its performance objectives which means the company have provided goods or services but the cash / income is not yet received by the customer, and it will be received in the future.
The company records a double entry for the accrued income and receivable, when cash is received this entry is reversed and sales and cash received is recorded. The accrual recording is a key task and should be performed by expert individuals.
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Banks decide to do away with fees charged when other banks' customers use the banks' own ATMs. If the Federal Reserve wants to maintain the same federal funds rate, it should:
If the Federal Reserve wants to maintain the same federal funds rate, it should sell treasury bills.
What is Federal Reserve?The Federal Reserve System is the United States of America's central banking system. The Federal Reserve Act was enacted on December 23, 1913, in response to a succession of financial panics that led to a need for central control of the monetary system in order to relieve financial crises.What are treasury bills?Treasury bills (sometimes known as T-bills) are short-term securities that mature in one year or less from the date they are issued. T-bills are purchased for less than or equal to their face value, and when they mature, the Treasury pays the face value.If the Federal Reserve wishes to keep the federal funds rate constant, it should sell treasury bills.
Therefore, if the Federal Reserve wants to maintain the same federal funds rate, it should sell treasury bills.
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The change in equity of a business enterprise during a period from transactions and other events and circumstances from nonowner sources is called:_______
Comprehensive income is the change in equity during the period from the non-owner related transactions.
Net income and unrealized income, such as unrealized profits or losses on financial instruments used as hedges or derivatives and gains or losses from foreign exchange transactions, are both included in comprehensive income. It offers a comprehensive understanding of a company's earnings that the income statement cannot fully convey.
Comprehensive Income, according to a company's financial reporting, "includes all changes in equity over a period, excluding those attributable to owner investments and distributions to owners."
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After you replaced the system board on an hp workstation, your customer asks you to reconfigure the hardware raid. What should you do first?
After a person has replaced the system board on an HP workstation, and a customer asks them to reconfigure the hardware RAID, the next step will be to:
Enable RAID in the system's BIOSHow can one reconfigure the hardware RAID?To reconfigure the hardware RAID, the first step will be to enable RAID in the computer's basic input and output system. The BIOS contains vital information that can be followed when trying to set up computer hardware.
The person who wants to reconfigure the hardware will see the RAID setup tab on the storage system. After clicking on this, they can OK RAID configuration and the action is applied as desired.
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Economists believe that resources should be used as efficiently as possible to:
Economists believe that resources should be used as efficiently as possible to: eliminate scarcity
An economist is a British weekly newspaper published in printed and digital demitab format with a focus on the current situation, international business, politics, technology, and culture.
The London-based newspaper is owned by The Economist Group, with major editorial offices in major cities in the United States and the continent of Europe, Asia, and the Middle East. In 2019, the average number of prints worldwide exceeded 909,476. Combined with its digital presence, this is over 1.6 million.
Through her social media platform, she reached 35 million viewers in 2016. Newspapers place a clear emphasis on data journalism and analysis, rather than the original coverage, which has been both criticized and perceived.
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Article 3, section 49a of the texas constitution, also known as the pay-as-you-go limit, requires that:_______.
Article 3, section 49a of the Texas constitution, also known as the pay-as-you-go limit, requires that debt cannot be greater than 5 percent of state revenue.
How to illustrate the Constitution?It should be noted that Article 3, section 49a of the Texas constitution, is known as the financial statement and estimate by comptroller of public account. It's the limitation of appropriation.
Texas is a free and independent State, subject only to the Constitution of the United States, and the maintenance of our free institutions and the perpetuity of the Union depend upon the preservation of the right of local self-government, unimpaired to all the States.
Texas Constitution reflects six principles such as popular sovereignty, limited government, separation of powers, checks and balances, federalism, and the protection of individual rights.
In conclusion, the debt cannot be greater than 5 percent of the revenue of the state.
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Which form do employers use to calculate the amount of federal income tax to be withheld from your paycheck
The type of form employers use to calculate the amount of federal income tax to be withheld from our paycheck is "Form W-4".
What is form W-4?As the employer, Form W-4 informs you of the employee's filing status, numerous job adjustments, credits, other income, deductions, and any additional amounts to be deducted from each paycheck in order to determine how much federal income tax should be withheld from the employee's salary.
Some characteristics of form W-4 are-
Employers figure out how much federal income taxes they should deduct from an employee's salary or wages by using the employee's Form W-4 and the IRS's income tax withholding table.An employee must complete Form W4, titled "Employee's Withholding Certificate," in order to tell the employer how much to deduct from your income. Individuals are required by the IRS to pay income taxes annually in installments.What is the name of a W-4 Form?According to an employee's marital status, the number of allowances and dependents they have, as well as other considerations, the W-4 form instructs the employer how much tax should be deducted from their paycheck.To know more about the W-4 form, here
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During the financial crisis congress and president obama authorized tax cuts and increases in government spending. according to the phillips curve, in the short run these policies should have_________.
According to the Phillips curve, in the short run, these policies should have Raised inflation and reduced unemployment.
The Phillips curve is an economic theory that bears the name of William Phillips, who postulated a link between declining unemployment and higher rates of wage growth in an economy. According to the Phillips curve, unemployment and inflation are inversely related. Lower unemployment is correlated with higher inflation, and vice versa.
The short-run Phillips curve will also change as a result of the anticipated inflation rate. Employers are more willing to offer higher wage rates when they anticipate selling their products for greater prices in the future. Workers bargain for higher salary rates when they anticipate inflation.
The Phillips curve's slope reveals how quickly prices are changing. Imagine that the government wants to bring the inflation rate to zero and that the economy is at NAIRU with a 3% inflation rate.
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Attitudes (usually negative) toward others based on their gender, religion, race, or membership in a particular group, are the basis of _____
Attitudes (usually negative) toward others based on their gender, religion, race, or membership in a particular group, are the basis of prejudice.
What is Prejudice?An impression or view about someone that is solely based on that person's membership in a certain group is referred to as prejudice. People may harbor bias toward others who are of a different race, gender, or religion, for instance. When someone behaves in accordance with their preconceived notions, they are prejudging (thus the name "prejudice") someone before they have the opportunity to get to know them better. This is an unreasonable attitude and perspective that is detrimental to everyone involved.For instance, a person may have many preconceived notions about someone who is Christian, Muslim, or Jewish and permit those opinions to influence how they perceive and treat such others. People who are Black or White may experience the same thing.
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Charlies pizza collected $150 in sales tax for the quarter. which of the following accounts should be used in order to post the sales tax?
The account that should be used in order to post the sales tax is only Sales Taxes Payable.
What is sales tax?A sales tax is an indirect tax that is levied on certain goods meant for consumption. It is a tax levied on customers when they purchase goods or services, hence calculated as a percentage of the value of the goods sold.
The sales tax is the responsibility of the final consumer only; any intermediate buyer must produce a resale certificate to clear it and sales taxes are levied on any buyer who can not produce such a document.
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The organizational unit that is responsible for the sale and distribution of goods and services is the: group of answer choices plant company code sales organization distribution channel
The organizational unit that is responsible for the sale and distribution of goods and services is the sales organization.
A sales organization is that organization which is responsible for the sale and distribution of goods and services.
It represents the selling unit as a legal entity. sales organization is responsible for product guarantees and other rights to recourse.
The sales organization is a mechanism to realize objectives of the complete organization. Since the market conditions change, the sales organization also keeps on changing. It always accommodates the necessary environmental changes. This ensures survival as well as growth of the sales organizational unit as well as the complete organization.
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Which of the following effects is seen on the money supply and the economy when the Federal Reserve Board raises the discount rate? Multiple Choice People are encouraged to make major purchases, increasing economic activity. Inflation increases, the money supply increases, and economic activity increases. Interest rates increase and the money supply decreases. Interest rates decrease and the money supply increases. Banks make more loans, the money supply increases, and economic activity increases.
When the Fed engages in the action of raising the interest rate, the effect on the money supply and the economy is Interest rates increase and the money supply decreases.
What happens when the discount rate rises?When the discount rate of the nation is increased, it means that the Fed has increased the interest rate at which it loans out money to commercial banks.
As a result, commercial banks will be forced to raise their own rates which would lead to a decrease in money supply as companies and individuals will borrow less money and inject it into the economy.
In conclusion, a rise in the discount rate leads to a fall in money supply.
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What is an analysis of environmental impacts of products from the design stage through end-of-life?
Life cycle assessment is an analysis of environmental impacts of products from the design stage through end-of-life.
Life cycle assessment (LCA), also referred to as environmental LCA, is a systematic, standardized technique for quantifying the capacity environmental effects of a product or technique that arise from uncooked substances extraction to stop lifestyles.
Lifestyles-cycle evaluation (LCA) is a procedure of comparing the outcomes that a product has on the surroundings over the complete length of its lifestyle thereby increasing aid-use efficiency and lowering liabilities.
Existence cycle assessment or LCA is a technique for assessing environmental effects associated with all the stages of the existence cycle of an industrial product, manner, or service.
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The situation where the buying power of money in terms of goods and services increases is called:_____
The situation where the buying power of money in terms of goods and services increases is called deflation
In economics, deflation is a general decline in the price level of goods and services. Deflation occurs when inflation falls below 0% (negative inflation). Inflation depreciates a currency over time, while sudden deflation increases it. As a result, more goods and services can be purchased with the same currency than before. Deflation is different from disinflation, which is a slowdown in the rate of inflation. H. Inflation is declining but still positive.
Economists generally consider sudden deflationary shocks to be a problem in the modern economy. This is because the real value of debt increases, especially if deflation occurs unexpectedly. Deflation can also exacerbate the recession and lead to a deflationary spiral.
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When selling new securities, corporations must release all information regarding the investment in a document known as a(n) _____.
When a corporation is selling new securities, then they will have to release all information in a prospectus.
What is a prospectus?An investment prospectus is a legal requirement when new shares are to be sold in the market.
The prospectus will have things such as the details of the company and any other thing that would influence the buying decision.
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Alice listed a three-bedroom home for her client, but before she finds a buyer, the home burns to the ground. what happens to the agency agreement that alice has with her client?
What would happen to the agency agreement is that it would be terminated based on the fact that this house has been burnt to the ground.
What is an agency agreement?This is the term that is used to refer to the business arrangement that would have a particular person that is known to be an agent who is in charge of working for the other client who is the principal. This person helps the principal to arrive at deals and also close these deals.
In the agreement here, everything would be terminated based on the fact that the property that is the object of the deal is no longer in existence. Hence the deal can no longer go on.
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Spence recently graduated from high school. He is learning to be a drywaller by working with Phillip, who has more than a decade of experience in the trade. After several years, Spence expects to apply for jobs in the field on his own, then, one day, perhaps start his own business. Spence's current training exemplifies:
Answer:
an apprenticeship
Explanation:
The standard overhead applied is based on the ______ level of activity multiplied by the predetermined overhead rate. multiple choice question. standard actual budgeted
The standard overhead applied is based on the actual level of activity multiplied by the predetermined overhead rate.
The term "overhead" describes continuing business costs that aren't directly related to providing a good or service. It is crucial for budgeting as well as for figuring out how much a business must charge for its goods or services in order to turn a profit.
The sum of anticipated overhead costs for a time period is known as a standard overhead cost, also known as a rate.
In other words, this is the cost that management expects to incur throughout the upcoming time period.
The budgeting process is used to create the company's future production and output plans using standard overhead rates.
Hence, the blank in the given statement is to be filled by the word actual.
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What is the process of analyzing financial data with ratios to compare a firm performance to competitors?
Ratio analysis is the process of analyzing financial data with ratios to compare a firm performance to competitors.
It is calculated by dividing a company's profit after tax (EAT) by its total capital and multiplying the result by 100%. A common analytical tool for profitability metrics is a cross-sectional analysis, which compares metrics for multiple companies in the same industry.
Relationship analysis is the process of determining and interpreting relationships between items in financial statements. Its purpose is to provide a meaningful understanding of the company's performance and financial data. It is therefore a technique for calculating key figures and analyzing financial statements.
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The process of comparing a company's financial ratios to a competitor or the industry average is known as benchmarking.
Explanation:Benchmarking is the process of comparing a company's financial ratios to a competitor or the industry average. It is a strategic management tool used to identify areas of improvement and set performance targets.
By comparing key financial ratios such as profitability, liquidity, and efficiency, companies can evaluate their financial performance in relation to their competitors and industry standards. This analysis helps companies identify strengths and weaknesses and make informed decisions to improve their financial performance.
Benchmarking provides valuable insights into how a company is performing compared to its competitors and the industry as a whole. It allows companies to identify best practices and learn from successful competitors. By setting performance targets based on industry benchmarks, companies can strive to achieve higher levels of financial performance.
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When companies make false claims about how environmentally friendly their products are, has occurred?
When companies make false claims about how environmentally friendly their products are, greenwashing has occurred.
Environmentalist Jay Westerveld coined the term "greenwashing" in a critical essay in 1986. This was inspired by the irony of the "save towels" movement in hotels, which had little impact other than saving on hotel laundry costs. The idea came about because most consumers got their news primarily from television, radio, and print media, so they couldn't do fact-checking as they do now.
A typical example of greenwashing is when Volkswagen attaches "defective" devices to various vehicles and admits emissions testing fraud. The software detects when emissions are tested and modifies performance to reflect emission levels and reduce emissions.
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If, as your taxable income decreases, you pay a smaller percentage of your taxable income in taxes, then the tax is
If, as your taxable income decreases, you pay a smaller percentage of your taxable income in taxes, then the tax is Progressive tax.
What is meant by progressive taxes?The average tax burden rises with income under a progressive tax. Low- and middle-income taxpayers bear a disproportionately tiny amount of the tax burden, compared to high-income families. A tax system that raises rates as taxable income rises is known as a progressive tax. Taxes on investment income, interest income, rental income, estates, and tax credits are a few examples of progressive taxes.
Based on the amount of tax you must pay relative to your income, taxes can be classified as regressive, proportional, or progressive. As your income declines, regressive taxes force you to pay a bigger proportion of your individual income in taxes. Tax reductions enhance people' discretionary income while reducing the government's revenue. Tax reductions typically refer to decreases in the percentage of income, commodities, and services subject to tax. Tax reductions serve as an illustration of an expansionary fiscal strategy since they give consumers greater discretionary income.
So, If, as your taxable income decreases, you pay a smaller percentage of your taxable income in taxes, then the tax is Progressive tax.
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A decision by the federal reserve to change reserve requirements for banks is an example of?
A decision by the federal reserve to change reserve requirements for banks is an example of monetary policy. Central bank of a country uses a set of instruments called monetary policy to regulate the total amount increase the amount of money in circulation, promote economic growth, and put policies in place like modifying interest rates and bank reserve requirements.
With a twin purpose to maximise employment and contain inflation, the Federal Reserve Bank of the United States carries out monetary policy. Reserve requirements, the discount rate, and open market operations are the three monetary policy tools that the Federal Reserve frequently employs.
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A severability provision Group of answer choices rescinds the entire contract upon request of the party who drafted it. transfers benefits under a contract to another person. asks the court to delete the offending clause and enforce the rest of the contract. transfers the obligations of a contract to another party.
A severability provision provides for some provisions of a contract to survive the illegality or unenforceability of others. The correct answer is option C asks the court to delete the offending clause and enforce the rest of the contract.
What is a severability provision?A severability provision allows for the continuation of the law or contract's terms even if one or more of its other clauses or sections are judged to be invalid or unenforceable. A contract's severability clause specifies that its terms are distinct from one another so that the remaining portions of the agreement will stand even if a court rules that one or more of them are invalid or unenforceable.
Why are severability clauses called savings clauses?Severability provisions often have two elements. Severability clauses are also known as savings clauses because they preserve the remainder of the agreement in the event that a court finds a provision to be unenforceable. Reformation language outlines how the parties intend unenforceable provisions to be changed to be enforceable, or simply deleted.
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