which of the following is a difference between monopoly and monopolistic competition? profits maximized where marginal cost equals marginal revenue. downward sloping demand curve. marginal revenue below price. zero long run economic profit.

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Answer 1

Profits maximized where marginal cost equals marginal revenue  is a difference between monopoly and monopolistic competition. Comparing the anticipated or predicted costs and benefits (or opportunities) connected with a project choice.

In monopoly order to assess whether it makes sense from a business standpoint is known as a cost-benefit analysis. For instance: The cost to build a new product will be $100,000, and sales of $100,000 per unit are anticipated (unit price = 2). Therefore, 200,000 advantages are sold. The straightforward CBA calculation for this project is 200,000 in financial benefit minus 100,000 in cost, which results in a net benefit of 100,000.

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Related Questions

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?

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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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At the end of the year 2 accounting period, deyoung company determined that the market value of its inventory was $79,800. The historical cost of this inventory was $81,400. Defazio uses the perpetual inventory method. Assuming the amount is material, how will the entry necessary to reduce the inventory to the lower of cost or market affect the elements of the company’s financial statements?.

Answers

The entries required to reduce inventory to a decreased value by reducing a company's overall assets and gross margin. Beside that, by reducing internet profit of the company also can make inventory decrease to the lower of cost or market affect.

Marginal cost refers to the value to provide one additional unit of manufacturing. It is a crucial idea in price accounting as marginal value helps decide the maximum green stage of manufacturing for a production process. It is calculated by determining what costs are incurred if one extra unit is best and what prices are incurred if best one extra unit is manufactured. The relation between marginal cost and inventory is marginal price represents the incremental expenses incurred while generating extra devices of an excellent or service. It is calculated by taking the whole alternate in the price of manufacturing greater items and dividing that through the alternate in the variety of products produced.

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the jimenez family purchased a new home. to fully furnish their new home, they took a loan from their credit union that charges 12% per year compounded monthly . the loan amount was $16,000. they wish to pay off this loan in 5 years. how much is their monthly payments?

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To fully furnish their new home they took loan from their credit union then the monthly payment system is Present value of an annuity

Given a specific rate of return, or discount rate, the present value of an annuity is the current value of the future payments from an annuity. As the discount rate rises, the annuity's present value falls. increases. The formula for calculating an annuity's present value is: PV = Individual Annuity Payment Amount x P = PMT  [1 - [(1 / 1+r)n] / r] where P is the annuity stream's present value. PMT stands for the sum of each payment. r equals the interest or discount rate.

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sunland corporation reported net sales of $620000, $730000, and $806000 in the years 2016, 2017, and 2018, respectively. if 2016 is the base year, what percentage do 2018 sales represent of the base?30000 g

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In the given case the percentage of sales would be :

Sales of base year 2016 = 620000

Sales of given year       = 806000

% of sales  of 2018 which represent the base = 806000/ 620000 X 100

                                                                              = 130%

Therefore 130% represent the 2018 sales to the base year.

What do you mean by net sales?

Net sales is the result of gross sales minus returns, allowances, and discounts. A base year is the first of a series of years in an economic or financial index.

Net Sales = (Total Units Sold * Sales Price Per Unit) – Sales Returns – Discounts – Allowances

It affects gross profits and statement of income.

Therefore,130% represent the 2018 sales to the base year.

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charter chemical needs to order more office supplies. the order quantity and specifications are routine, and the purchase is made from the same competent supplier at regular intervals, without any decision making process. charter will probably engage in a(n)

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To buy more amounts, Charter will probably do a straight rebuy.

A straight rebuy is when a consumer purchases the same goods from the same provider in the same quantity and under the same terms.

Every morning, a large number of customers go to Starbucks to place the same exact coffee order. This is a prime example of a straight rebuy since all the order's elements remain the same. The customer buys the same item from the same supplier every day.

The choice to purchase the brand, item, etc. that you previously purchased rather than looking at other brands or items: Purchase decisions can be divided into three categories: new task purchasing, modified rebuy decisions, and straight rebuy decisions.

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of the four classes of investment identified by ross and beath, which involves upgrading core it infrastructure and applications, reducing the costs, or improving the quality of it services?

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Renewal involves upgrading core infrastructure and applications, reducing costs, or improving the quality of its services.

In economics, a carrier is an intangible commodity. more, in particular, services are an intangible equivalent of monetary goods. service provision is frequently a monetary hobby in which the purchaser does now not typically, except with the aid of a one-of-a-kind contract, attain one-of-a-kind ownership of the factor bought.

The carrier also referred to as the tertiary quarter, is the 1/3 tier in the 3-region economy. instead of product manufacturing, this sector produces services preservation and upkeep, training, or consulting. Examples of provider-area jobs encompass housekeeping, excursions, nursing, and coaching.

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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?

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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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blaylock plans to sell 94,000 units of product no. 794 in may, and each of these units requires three units of raw material. pertinent data follow. product no. 794 raw material actual may 1 inventory 11,900 units 29,900 units desired may 31 inventory 17,900 units 20,900 units on the basis of the information presented, how many units of raw material should blaylock purchase for use in may production?

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Raw materials are considered a product cost for a manufacturing company because they are required to produce their goods. Typically, they vary.

A company's total manufacturing costs include raw materials, direct labor, and overhead.

For May production, blaylock should purchase b. 246,000 units of raw materials.

For the 85,000 units of product, we must first figure out how many units of raw materials are required, which will also be the raw materials used.

The following schedule can be used to figure out how many units of raw material blaylock needs to purchase: raw materials used = units of product * number of units of raw materials needed per unit of product Raw materials used = 85,000 units * 3 units of raw material needed per unit of product = 255,000 units of raw material.

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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.

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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. 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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which of the following audit committee activities is of the greatest benefit to the internal audit activity? assurance that the external auditor will rely on the work of the internal audit activity whenever possible. determine whether scope limitations impede the ability of the internal audit activity to execute its responsibilities. review and endorsement of all internal auditing engagement communications prior to their release. review and approval of engagement work programs.

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The following audit committee activities is of the greatest benefit to the internal audit activity Be in considerable detail.

This answer is correct. The form and content of policies and procedures are dependent upon the size and structure of the internal audit activity and the complexity of its work (Inter. Std. 2040). Thus, the policies of a relatively large internal audit activity are likely to be more detailed than those of a relatively small internal audit activity.

The finest gain of inner audit is that it allows withinside the control of the organization effectively. Internal audits will spotlight any wrong methods which are observed and assist in rectifying the methods that cause development in manner efficiency.

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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

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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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the process of developing an approximation of monetary resources needed to complete project activities is known as:

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the process of developing an approximation of monetary resources needed to complete project activities is known as estimate cost.

The cost that will be incurred to create a product or construct something is projected as an estimated cost. This sum is determined either as part of a sales bid when attempting to sell to a customer or as part of the capital budgeting process for an internal project.

Predicting the quantity, cost, and price of the resources needed to execute a task within the project's scope is the goal of cost estimating. Cost estimates are used to influence your work and budget planning process as well as to bid on new business from potential clients.

The options for the question are:

a. determine a budget.

b. estimate resources.

c. estimate cost.

d. estimate activities.

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while the four ps help us remember the basics components of the , they don't have significant relevance in the marketing process a. competitive benchmarking process b. marketing mix c. product development process d. production operation

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Many processes were involved and can make significant relevance in a company’s marketing process. The four Ps can help us remember the basic components of the marketing mix.

What is Four P’s?

The Four Ps is a theory founded by Jerome McCarthy in 1960 in his Basic Marketing text. The four Ps stand for Product, Price, Place, and Promotion. This is the explanation of each component in the four Ps:

Price: company can set its price at a competitive level.Place: the company is in a strategic location so consumers can reach easier.Product: company can provide a quality product for its consumers.Promotion: the company is actively providing and spreading information about its products or services to consumers.

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equipment that had been acquired several years ago by a special revenue fund at a cost of $40,000 was sold for $15,000 cash. accumulated depreciation of $30,000 existed at the time of the sale. the journal entry to be made in the special revenue fund will include

Answers

a $5,000 credit to Other Financing Sources.

What are journal entries?

A business transaction is recorded in your books as a journal entry. For every transaction, double-entry bookkeeping requires at least two journal entries. A bookkeeper keeps track of all the changes that a transaction can bring about in a business with journal entries.

What's an example of a journal entry?

The country's purchase of machinery, for which the machinery account will be debited and the cash account will be credited, is an illustration of a journal entry.

What three entries are in the journal?

Journal entries fall into three main categories: adjusting, compounding, and reversing

What are credit and debit?

A transfer of value into an account is referred to as a debit entry, while a transfer of value out of an account is referred to as a credit entry. Value is transferred from credited accounts to debited accounts with each transaction.

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individual decision making is a good approach when: a. the leader has enough expertise to make a good decision. b. the decision will directly impact many agencies, individuals, or community members. c. commitment to the decision by other people is critical. d. the decision is complex with many possible solutions.

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Individual decision making is a good approach when: a. the leader has enough expertise to make a good decision.

Why is individual decision-making good?

Individual decisions are those made during the decision-making process where an individual chooses the course of action to be taken in the business from a variety of choices, whereas collective decisions are those made through group discussions that result in group consensus.

Individual decision-making saves time, money, and energy since people typically make rapid, sane decisions. Group decision-making, however, takes a lot of time, money, and effort. Compared to collective decisions, individual decisions are more focused and logical.

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the nominal interest rate is 5 percent and the real interest rate is 2 percent. what is the inflation rate?

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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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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

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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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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?

Answers

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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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.

Answers

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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you want to increase the relevance of a search ad so it's more meaningful to potential customers and provides value-added information to their searches. what two actions might improve the relevance of your ad? (choose two.) select 2 correct responses selecting only relevant languages in campaign setup. posting transparency statements on the website. selecting distinct geographic areas. changing the ad's call-to-action statement. rewriting the landing page for clarity.

Answers

By selecting only relevant languages during campaign setup as well as specific geographic places, search ads become more relevant to potential customers and provide them with information that is useful to their searches.

Digital advertisers still struggle to generate impressions and earn clicks on Ads in order to get visibility and bring in new business.And although advertisers may literally be able to pay their way to the top, there are alternative techniques to generate clicks without blowing the entire budget.

Ad visibility and advertising ROI can both be improved by increasing keyword and ad relevance.Later, we'll discuss how to make adverts more pertinent, but first, let's define the term.

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when you receive an offer on a listing for less than asking price, which of these would be the least effective course of action to take?

Answers

'Giving the sellers the price over the phone so they can think about it before you meet with them' would be the least effective course of action to take. Hence option D pertains to the right answer choice.

An offering price refers to the price at which certain products and services are offered for sale. In investments and finance, the offering price most often is defined as the per-share value at which 'publicly-issued securities' are made available for purchase by the investment bank during an IPO or initial public offering.

Based on the given context where you receive an offering price on a listing for less than the asking price, the least effective course of action to take would be giving the sellers the price over the phone so they can make a consideration over it before you meet with them.

"

Complete question is as follows:

when you receive an offer on a listing for less than asking price, which of these would be the least effective course of action to take?

A. Study the other terms of the offer so you can maximize the offer's benefits and minimize the lower price.

B. Set up a face-to-face meeting with the sellers as soon as possible.

C. Prepare additional documentation to take to the presentation.

D. Give the sellers the price over the phone so they can think about it before you meet with them.

"

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Leon contracts to install automatic watering troughs in Kendall’s dairy barn. Leon then becomes seriously ill and contracts with Jason to install the troughs. Jason is unreliable and never shows up to install the troughs. Kendall hires Izzy to do the installation. To recover for any loss on the deal, Kendall can sue

a. No one. B. Jake only. C. Leon only. D. Jake and Leon

Answers

In a case whereby Leon contracts to install automatic watering troughs in Kendall’s dairy barn then  Leon then becomes seriously ill and contracts with Jason to install the trough To recover for any loss on the deal, Kendall can sue d - Jake and Leon.

What are contracts ?

Contract can be described as the agreement that can exist between two or more people, it can be considered as the one that can bind under the law , and any breech of the agreement can bring about legal judgement of the part.

In the case of above we can see that the duty has been delegated to Jake and Leon which implies that they can be sued.

Therefore, option D is correct.

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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

Answers

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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which organizational structure is characterized by low flexibility, low adaptability, and low problem recognition?

Answers

The organizational structure that is characterized by low flexibility, low adaptability, and low problem recognition is structural mobility.

The occurrence of structural mobility is the ascent of a person up the social scale. A person descends the class ladder. Due to sociocultural changes, a sizable group moves up or down the class ladder.

Structural mobility is the term used to describe social changes that result in a significant number of people moving up or down the social scale. When openings are made at the top by downward mobility, exchange mobility occurs.

The capacity to move around and use one or more means of transportation to get from one place to another to fulfill everyday demands is referred to as mobility. As a result, it is distinct from accessibility, which denotes the capacity to gain access to or arrive at a desired service or activity.

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for a property that is subject to a long term lease an appraiser would most likely estimate potential gross income on the basis of:

Answers

For a property that is subject to a long term lease an appraiser would most likely estimate potential gross income on the basis of scheduled rent.

Does lease mean rent?

The duration of the contract is the primary distinction between leased and rented properties, though. A rental contract will normally be brief only a few months—unlike a lease, which will typically cover the lengthier term specified in the agreement, which is typically and over a year.

How do leases function?

The conditions under which one group decides to lease a resource this case, estate by some other party are outlined in a lease. It ensures that the tenant, also known also as lessee, will have access to the property and, in return, will make monthly payments to the lessor (the landlord or owner of the property).

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what is a common strategic mistake made when evaluating differences with competitors? group of answer choices

Answers

We believe we are distinct from competitors, but the customer says otherwise.

Why should a customer choose you over a rival?

It's possible that you offer something of a higher quality, a lower price, a superior set of features, or something that is completely unique. Determine the most significant advantages of your product or service that you offer that your rivals do not, or the aspects of your business that set you apart from them (faster delivery, lower prices, etc.).

But when we talk about a "competitor," what exactly do we really mean?

Any alternative that a customer considers when making a decision is a competitor.It's possible that your rival is a business that offers the same products as you do.

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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

Answers

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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what is your advice to amad? should he take the 179 on the it equipment or the office furniture, and explain why?

Answers

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.

which of the following is not a reason why firms use budgets? a. operating leverage. b. performance evaluation. c. coordination. d. planning.

Answers

Operating leverage is not a reason why firms use budgets. A budget is a written plan that outlines how you want to spend your money each month. A budget ensures that you have adequate money each month.

A budget demonstrates how much money you make. Budgeting is the process of anticipating a company's revenues and expenses for a given period, with examples being the sales budget created to make an estimate of the company's sales and the production budget prepared to project the firms output, among others. Budgeting ensures that you do not spend more than you earn and allows you to plan for both short-term and long-term needs.

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A logistics manager ordering parts wants to choose a mode of transportation with very low costs.

Answers

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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