In a free market system, prices are determined by the forces of supply and demand. When the demand for a good or service is high and the supply is low, the price will tend to be higher. Conversely, when the demand is low and the supply is high, the price will tend to be lower.
Additionally, the cost of production, competition, taxes, subsidies and other factors also play a role in determining prices in a free market system. Businesses will need to consider these factors when setting prices for their products and services.
It is important to note that a truly free market is a theoretical construct, and in reality, there are always some government regulations, taxes, subsidies, and other factors that can affect prices. In some cases, government intervention can also play a role in determining prices in a free market system.
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What are the three types of capital used in most economic systems?
Equity capital, loan capital, and retained earnings make up the three basic sources of funding for a company.
Which source of funding comes in first?Savings of private company owners and unexplained profits of corporations are two important sources. Borrowing, whether from banks and other financial intermediaries or through the sale of bonds, is a second important source. Selling equity shares is a further source of funding.
The most crucial factor is capital, so why?To continue producing products and services and make a profit, businesses use capital. To add value, businesses are investing their cash in a variety of various projects. Capital is typically devoted to two things: labor and construction expansions.
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indeed assessments Time Remaining: 01:54 Question 8/12 Which is NOT an expense account? Repairs expense Rent expense Accrued expenses Advertising expense Interest expense Continue deed assessments n Time Remaining: 01:51 Question 9/12 A company performs $10,000 of services and ssues an invoice to the customer. Using the accrual method, what's the correct entry to record the transaction? Debit unearned revenue $10,000, credit sales revenue $10,000 Debit services expense $10,000, credit sales revenue $10,000 Debit accounts payable $10,000, credit sales revenue $10,000 Debit accounts receivable $10,000, credit sales revenue $10,000 Continue
Among the listed accounts, accrued expenses is not an expenditure account i.e. Option 3
A expense account is the option to have cash spent by representatives for work related purposes discounted. A couple of normal cost classifications incorporate expense of deals, utilities cost, rebate permitted, cleaning cost, devaluation cost, conveyance costs, personal duty consumption, protection cost, interest cost, and publicizing cost.
It is easier to monitor and orchestrate the various costs that your business accumulates after some time utilizing a business ledger. In a business ledger, costs are raised by charges and brought down by credits. Your use account develops as you make buys.
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Correct Question -
Which is NOT an expense account?
Repairs expense Rent expense Accrued expenses Advertising expense Interest expenseHow does the use of new technology and industry benefit customers more so than producers?
Services can be ordered online by producers. 24 hours a day, producers can purchase products.
Why do consumers profit more from new technology and industry than producers?Customers may experience a better level of customer service as a result of receiving their products quicker and with fewer mistakes.It can deliver better-quality goods or services, improve user experience and customer service, cut waste, and boost productivity for larger profit margins. All in all, using technology in the workplace effectively gives you a competitive edge. Manufacturing jobs are being filled by employees from all around the world thanks to technology.
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What are the main regulators?
A bank or other financial institution's primary supervisory body is called a primary regulator. Primary regulators are typically the same state or federal agency that issued the financial institution's charter.
Which three major regulatory agencies are there?The Federal Reserve System the Office of the Comptroller of the Currency (OCC).The FDICWhat kinds of people act as regulators?Regulators are frequently referred to as animals with warm blood. Mammals and birds are two examples from this category. They work on temperatures through heat production and metabolic processes to keep their bodies at the same temperature.
Who are the primary financial system regulators?Insurance Regulatory and Development Authority of India (IRDAI), Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Insolvency and Bankruptcy Board of India (IBBI).
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economic growth is an increase in a nation’s output of goods and services over time.
The statement, "Economic growth is an increase in a nation’s output of goods and services over time" is true.
When a society creates and consumes more and better economic products and services, it is said to be experiencing economic growth. Household income growth or GDP adjusted for inflation are common ways to quantify growth. Inequality of income across nations and changes in prosperity over time can be understood in a variety of ways, not only by looking at individual income levels.
An indicator of overall production is the Gross Domestic Product of an economy. Growth is frequently represented in terms of the labor force, human capital, physical capital, and technological capital in economics. In other words, more people who are working age, more resources accessible to them, and more ways to combine labor, capital, and raw materials will all result in higher economic production.
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a cost that is jointly used or shared by several cost objects is
There are some expenses that cannot be linked to a specific cost object. Some production expenses have an impact on many products or steps. These expenses are known as joint costs.
Direct costs are those expenses that are simple to identify, fluctuate, and can be connected to the total volume of product generated. Examples include direct materials, direct labour, piece rate pay, etc.
In contrast to direct costs, which may be fixed or variable in nature, indirect costs are outlays that cannot be divided by the quantity of goods produced on a per-unit basis. Rent expenses and office overhead are two examples.
Follow these procedures to rapidly establish if payments are direct or indirect costs: Direct costs are those linked to the developing, creating, and launching of a product or service, whereas indirect costs are those linked to unrelated commodities or services.
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Why is it important to know the frequency of when interest is compounded?
The reason it is important to know the frequency of when interest is compounded is: Because frequency of compounding tend to differs.
What is frequency in compound interest?Compounding frequency can be defined as how often interest is been added to the principal amount.
It is of necessity to know the frequency of compounding based on the fact that it differs as interest can be compounded monthly, annually, daily etc.
When interest is compounded frequently it implies your money will grow and compounded quickly.
Therefore frequency of compounding tend to differs
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How do you open a bank account for students step by step?
The process for opening a bank account for students can vary depending on the bank and the country, but in general, it should involve the following steps:
1)Research the options: Research the different banks that offer student accounts and compare their features and fees to determine which one best meets your needs.
2)Gather required documents: Collect the necessary documents, including a valid government-issued identification, proof of address, proof of enrollment, and any other documents required by the bank.
3)Visit the bank: Visit the bank's branch with your documents and meet with a bank representative to open the account. They will guide you through the process and answer any questions you have.
4)Fill out an application form: Fill out an application form and provide any additional information or documentation requested by the bank
5)Submit the application: Submit the completed application form and required documents to the bank representative.
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What are the characteristics of a command communist economic system?
Characteristics of this economy include governmental control of wages and pricing, limited property rights, government ownership of key businesses and industries, and robust black markets.
An economy is the production, distribution, and trading of products and services, as well as their consumption. In general, it is characterized as a social domain that highlight the actions, discourses, and material manifestations linked with the creation, use, and management of finite resources'.
These elements provide background and substance, as well as the conditions and boundaries within which an economy operates. To put it another way, the economic sphere is a social domain of interconnected human acts and transactions that does not exist in isolation.
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Before setting the objectives of L&D, managers should
Multiple Choice
identify learning goals that will reduce skill gaps.
determine the needs or skill gaps that need to be improved.
develop L&D materials to be used in achieving learning goals.
evaluate the implemented programs.
Manager should determine the needs or skill gaps that need to be improved before setting the objectives of L&D.
Learning and development or known as L&D has a main goal to align employee goals and performance with that of the organization's. So that, manager as a leader and also as a person who has responsible for learning & development within an organization must identify skill gaps among employees and teams then deliver and develop training to bridge those gaps. There are several areas of L&D, such as Literacy, Mathematics, Understanding the world, and also Expressive arts and design.
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a company has equity investments with no significant influence, purchased for $480,000 and carried at $500,000 at the beginning of 2023. at the end of 2023, the investments have a fair value of $510,000. what amount is reported in income and in other comprehensive income for the year?
The amount reported in income for the year 2023 is $0 and the amount reported in other comprehensive income for the year 2023 is $10,000.
Equity investments with no significant influence are accounted for using the fair value through the other comprehensive income (FVOCI) method. Under this method, any changes in the fair value of the investments are reported in other comprehensive income (OCI) and not in net income, unless the investment is deemed to be impaired.
At the beginning of 2023, the investments are carried at $500,000, and at the end of 2023, the fair value of the investments is $510,000. Therefore, there is an increase in fair value of $10,000 ($510,000 - $500,000) for the year 2023.
This increase in fair value of $10,000 is reported in other comprehensive income (OCI) for the year 2023 and not in net income.
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How will you conduct an employee performance review effectively?
Equal participation from managers and staff is required in the discourse.
An employee's work within a specific time period is formally evaluated in a performance review, which is sometimes it is referred as a performance evaluation appraisal.
Managers assess an employee's overall performance, point out their strengths and faults, provide comments, and assist them in setting goals during a performance review.
It's difficult to conduct an employee performance review, but doing so can assist your employees find areas for improvement and growth without harming the relationship between them and their managers. Managers frequently don't get enough instruction on what an efficient and thorough review looks like.
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countries with strong balance sheets and declining budget deficits tend to have lower interest rates.
In countries with sound financial position and declining budget deficits, interest rates are frequently lower.
A company's balance sheet, often known as a "statement of financial position," contains a list of its assets, liabilities, and equity (net worth). The core of any company's financial statements is made up of the income statement, cash flow statement, and balance sheet.
A balance sheet gives you a brief snapshot of the financial state of your business at any particular time. Business leaders can examine the financial health of their company using a balance sheet, an income statement, and a cash flow statement. when an economy has a sound balance sheet and a declining budget deficit.
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What are the 3 ways to increase genetic variation in organisms?
Bacterial DNA can be diversified through transformation, conjugation, and transduction, which are the three most frequent processes.
Which two things influence genetic variation?Because of mutation and recombination that take place during meiosis, genetic variants are produced. Mutations can be caused by a variety of biological or chemical agents. Genetic variation is influenced by random mating among species.
Which two factors account for the majority of genetic variation?Gene variants (also known as mutations) and the regular process of genetic information being rearranged when a cell prepares to divide are two sources of genetic diversity (known as genetic recombination). Different features can be introduced into an organism by genetic changes that change the action of genes or proteins.
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If you were advising a North Dakota company about its selection process, would you advise it to relax its selection criteria during the oil boom? Why or why not?
Yes, I would advise the company to keep its selection criteria because for it's not as cut and dried as it may seem, but it can be easier and more effective with step-by-step guide to evaluate candidates during oil boom.
Selection criteria are a set of qualifications, skills, and experience used to evaluate job candidates. Companies use selection criteria to ensure they are hiring the best person for the job. Selection criteria can include qualifications such as educational background, technical skills, work experience, and job-specific skills.
Other criteria might include communication skills, problem-solving abilities, and the ability to work in a team or independently. Companies may also look for characteristics such as leadership potential and the ability to work under pressure. Selection criteria should be tailored to the specific job and the company's needs.
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What were Stalin's goals and what step did he take to achieve them?
He set objectives for the growth of the agricultural and industrial sectors in order to build a communist state that would serve as an example. Rather than allowing private farms, he encouraged collective farming.
How does the most basic type of communism appear?
The political and economic system known as communism promotes an unequal society in which the means of production are owned collectively and private property is nonexistent or severely restricted. Both capitalism and liberal democracy are viewed as enemies by communism.
A communist state, often known as a Marxist-Leninist state, is a nation-state that is ruled by a communist party with Marxism-Leninism as its primary ideological inspiration.Communist nations are usually autocratic, with a single, centralized communist party structure in charge, due to democratic centralism.
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debit and credit effects indicate the account that will be debited for each of the following transactions: a. issued common stock for cash answer b. borrowed money from a bank answer c. provided services on account answer d. purchased inventory on account answer e. collected cash from customers that owed a balance due answer
Debit and credit effects indicate the account that will be debited for each of the following transactions a. issued common stock for cash answer
When a company issues common stock for cash, it will result in a debit to the cash account and a credit to the common stock account.
This transaction indicates that the cash account will be debited for the value of the stock issued.
The common stock account will be credited for the same amount, reflecting the increase in the company's equity.
When a company issues common stock for cash, the debit effect will be to the Cash account, while the credit effect will be to the Common Stock account.
This transaction increases the Cash account, as the company is receiving money, and increases the Common Stock account as the company is issuing new shares.
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The Five Foundations provide a simple ____________ to help you win with money.
A. Guide for investing
B. Suggestion
C. Educational course
D. Action plan
The Five Foundations provide a simple D. Action plan to help you win with money.
Which five money personalities are there?When deciding how to invest, spend, save, and manage your finances as a whole, it may be helpful to be aware of the different money personalities. Investors, savers, heavy spenders, debtors, and consumers are the five most prevalent money personalities.
Personal finance is defined by Investopedia as "all financial decisions and actions of a person or household, including budgeting, insurance, mortgage planning, savings, and retirement planning." You may better manage your money and get ready for future financial success by comprehending these phrases.
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Compute and Compare ROE, ROA, and RNOA Selected balance sheet and income statement information for Oracle Corporation follows. (Perform the required computations from the perspective of an Oracle shareholder. $ millions May 31, 2015 May 31, 2014 Operating assets $62,090 $57,002 Nonoperating assets 54,368 38,819 Total assets 116,458 95,821 Operating liabilities 20,180 19,055 Nonoperating liabilities 41,958 24,097 Total liabilities 62,138 43,152 Total Oracle stockholders' equity 54,320 52,669 Total revenues 38,559 Operating income before tax 13,993 Nonoperating expense before tax 1,037 Tax expense 3,498 Net income 9,458
Compute return on net operating assets (RNOA) Round answers to two decimal places (percentage ex: 0. 12345 = 12. 35%) Answer %
After Compute and Compare ROE, ROA, and RNOA from the balance sheet we get the value in percentage as bellow,
ROE - 20.8%
ROA - 9.88%
RNOA - 20.33%
As per the data provided in the question are as bellow,
ROI is calculated as Net Income / Median Shareholder Equity.
Substitute the value in above we get,
Average shareholder equity is equal to
47,770.50 (48,633 + 46,878 / 2)
ROE = 9,938 / 47,770.50
ROE = 20.8%
ROA is calculated as net income divided by the average total assets.
Substitute the value in above we get,
Total assets on average are
110,903 + 90,266 / 2 = 100,584.50.
ROA = 9,938 / 100,584.50
ROA = 9.88%
NOPAT = Average Net Operating Assets / NOPAT
Substitute the value in above we get,
Average net Operating Assets are equal to
53,991 (56,535 + 51,447 / 2)
NOPAT is the sum of tax expense and net operating income.
Substitute the value in above we get,
NOPAT = 13,871 - 2,896 = 10,975
RNOA = 10,975 / 53,991
RNOA = 20.33%
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texas notice of forfeiture of right to transact business
The right of an LP to conduct business in Texas is forfeited if the LP does not file its periodic report within 30 days after the secretary of state sends the report.
What does it imply in Texas when a firm is forfeited?A corporation's rights are forfeited when its charter is forfeited, however, this does not necessarily lead to the corporation's dissolution. If the annual franchise tax is not paid after one year, the Secretary of State may take steps to surrender the charter.
It is not permitted to change its certificate of incorporation or registration while it is forfeited, nor can it continue any litigation in a Texas court. If a business fails to submit a franchise tax report or pay the requisite franchise tax under Chapter 171, the Comptroller is compelled by law to revoke the business's ability to operate in Texas.
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What are the sectors of employment?
The sectors of employment are : Agriculture, Mining, Constructionand Insurance and Manufacturing.
Whereas all the sectors of employment are :
1. Agriculture
2. Mining
3. Manufacturing
4. Construction
5. Wholesale and Retail Trade
6. Transportation and Warehousing
7. Information and Communications
8. Finance and Insurance
9. Real Estate and Rental and Leasing
10. Professional, Scientific, and Technical Services
11. Management of Companies and Enterprises
12. Administrative and Support Services
13. Educational Services
14. Health Care and Social Assistance
15. Arts, Entertainment, and Recreation
16. Accommodation and Food Services
17. Other Services (except Public Administration)
18. Public Administration
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What is the role of the consumer in a free enterprise economy?
Customers assume a significant part of "judging" by buying the items and administrations that best address their issues. Along these lines, purchasers figure out which items are sold and which organizations succeed.
The job of a customer in a financial framework is basic since shoppers buy merchandise. Advertising centers around finding, serving, and keeping up with purchasers. Until an organization makes a big deal about esteem, they ought to initially perceive the powerful urge or need of forthcoming clients.
Purchasers have power in the economy since they figure out which items are reasonably delivered. On the off chance that the purchasers like an item, it will sell and the maker will be compensated for their endeavors. On the off chance that purchasers reject the item, the firm might leave the business.
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A company decides to relocate its operations to another state in order to take advantage of some new business investment credits. When the company closes its current location, which external stakeholders will be impacted?.
When a company relocates its operations, employees, suppliers, customers and the local community will be impacted.
When a company decides to relocate its operations, it can have a significant impact on various external stakeholders. Employees at the current location may lose their jobs as a result of the closure, and may have to find new employment or move to the new location. Suppliers who have been working with the company may also lose business, and may have to find new customers. Customers of the company may also be impacted, as they will have to find a new source for the goods or services they were receiving from the company. Finally, the local community may also be impacted, as the closure of the company may lead to a loss of jobs and tax revenue, and may have a negative impact on the local economy.
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What economic practices can be used by restaurants to be more sustainable?
minimize food waste Save water. Utilize energy-saving appliances. Cut the lights off. Use an intelligent thermometer. Use environmentally friendly takeaway packaging. Compost. Ensure more sustainable delivery methods in economic .
The production, trade, and consumption of goods and services are all topics covered by the social science of economics. The study of economics focuses on the operation of economies as well as the activities and interactions of economic actors. Microeconomics is the study of the interactions between what are considered to be the basic elements of the economy, such as market and agent activity. Any number of customers, including residences, businesses, buyers, and sellers, can be represented by an individual agent. Macroeconomics is the study of the economy as a coexisting system of production, consumption, saving, and investment. It also examines the factors that affect this system, including as the employment of labor, capital, and natural resources, currency inflation, economic growth, and governmental policies.
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What are the examples of workbook?
A workbook in Microsoft Excel is a group of one or more spreadsheets, also known as worksheets, in a single file. The spreadsheet "Sheet1" from the Excel workbook file "Book1" is an example below. The "Sheet2" and "Sheet3" sheet tabs are likewise present in our example and are a part of the same worksheet.
Workbooks, or paperback textbooks, are distributed to students. Typically, practice questions with blank spaces for the pupils to create their own responses are found in workbooks. More recently, interactive and customized learning have become available thanks to electronic workbooks. These workbooks can be used on PCs, laptops, PDAs, and other devices as well as online. Simply put, a workbook is a book where you can do homework. Workbooks typically come in the form of paperbacks and include exercises or problems that must be completed inside the workbook rather than on a separate piece of paper. a book that contains exercises or problems that students can use to apply what they have learned in class.
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Assume that on January 1, 2017, an investor company purchased 100% of the outstanding voting common stock of the investee. On the date of the acquisition, the investee’s identifiable net assets had fair values that approximated their historical book values. In addition, the acquisition resulted in no goodwill or bargain purchase gain recognized in the consolidated financial statements of the investor company.
Assuming that the investor company uses the equity method to account for its investment in the investee, what is the balance in the "investment in investee" account in the investor company’s pre-consolidation balance sheet on December 31, 2019?
The concept here is the Financial statements. Financial statements are written records that convey the business condition and the fiscal performance of a company.
Financial statements are frequently checked by government agencies, accountants, enterprises, etc. to insure delicacy and for duty, backing, or investing purposes. fiscal statements are formal records of the fiscal conditioning and position of a business, person, or other reality.
Applicable fiscal information is presented in a structured manner and in a form that's easy to understand. fiscal statements give a shot of a pot's fiscal health, giving sapience into its performance, operations, and cash inflow.
fiscal statements are essential since they give information about a company's profit, charges, profitability, and debt. fiscal statements are summaries of conditioning, so the first step in creating any fiscal statement is to start by building worksheets.
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jackson manufacturing is introducing a new product with a unit selling price of $12.50. the product required an investment of $500,000, and the company requires a 20% roi. projected sales are 100,000 units. compute the target cost per unit.
The target cost per unit is calculated by dividing the required return on investment ($500,000 x 20%) by the projected number of units sold (100,000).
What is investment?Investment is the action or process of investing money for profit or material result. It can take the form of buying stocks, bonds, mutual funds, real estate, or in other financial instruments. Investment has the potential to earn a return, either in the form of dividends, interest, capital gains, or other income. Investing involves taking on risk, as there is no guarantee that an asset will appreciate in value. Investors also face the risk of losing money, especially when investing in high-risk assets.
This results in a target cost per unit of $10.00 ($500,000 x 20%/100,000 units = $10).
This means that the company needs to keep the cost of producing each unit at or below $10.00 in order to achieve their desired return on investment.
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Why are there many more mixed market economies than command economies in the world today?
There many more mixed market economies than the command economies in the world today as the more economic systems are seen to be geared toward offering producers and consumers the freedom to make economic choices.
The mixed economies tend to allow many more freedoms than the command economies, such as the freedom in order to possess the means of production; to buy, sell, fire, and hire as needed; to participate in managerial decisions etc.
However, in a mixed economic system, there are the free markets which tend to co-exist with the government intervention, and private enterprises which tend to co-exist with public enterprises. Thus, more economic systems are seen to be geared.
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what information do you need to compute basis for gain or loss of property received as a gift? g
Answer:
432
Explanation:
hope this helps you
a catering service uses the sturdy boxes that the raw chuck roasts come in to transport sandwiches and salads to catered events. what is wrong with this practice
It is not a good practice to use rigid boxes in which raw roasts are delivered to transport sandwiches and salads for catering events. The boxes may not be able to seal well enough, which can result in spillage of food during transport.
Boxes in which raw roasts are delivered may not be suitable for food transport as they may not be sufficiently disinfected and may have the potential to contain foodborne pathogens or other raw meat contaminants. In addition, boxes may not be designed or suitable for handling or transporting food and may not have proper insulation to keep food at the correct temperature for extended periods of time. All in all, it is not safe or practical to use the boxes that raw chuck roasts come in to transport sandwiches and salads to catered events.
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