At a price of $30,000, there is a shortage of 80 memberships.
The first step is to calculate how a lot of cash you will want to repay your debt in three years. allow's hold matters simple and assume you owe $30,000, and your blended common hobby charge is six percent. if you pay $333 a month, you may be performed in ten years. Divide the hobby price you're being charged by means of the range of bills you will make every year generally 12 months. Multiply that parent by way of the initial stability of your loan which ought to start at the overall quantity you borrowed.
Paying off your automobile early eliminates your automobile loan from the equation. Your DTI will evidently be lower, which opens you up for other kinds of credit scores. It additionally facilitates enhancing your chances of refinancing different loans or consolidating credit card debt at a lower fee. The average new car payment in the USA has crept above the $500 in line with the month mark for the first time, settling in at $503, in step with the latest take a look at by using Experian. And if that were not horrific enough, the average length of an automobile mortgage now stands at sixty-eight months.
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A cost incurred for the benefit of more than one profit center is referred to as a(n) _______cost.
a. avoidable
b. traceable
c. direct fixed
d. indirect fixed
Indirect fixed costs are expenses incurred for the benefit of many profit centers.
Even if fixed expenses, such as the price of assembly-related items, are not incurred directly by the production process, they nonetheless contribute to overall production costs. As a result, they are depreciated over time as opposed to being expensed. In conclusion, direct costs are those that directly support the production of goods or the delivery of services, whereas indirect costs are routine operational costs that keep your organization afloat. Charges that are usually referred to as overhead expenses and general and administrative costs are examples of indirect costs. Since indirect costs do not significantly vary within specific production volumes or other activity indicators, they are regarded as fixed costs.
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ivan has inherited his mother’s 1963 chevrolet corvette, which he values at $45,000. he decides that he might be willing to sell it, so he posts it on craigslist for $55,000. samantha is interested and willing to pay up to $72,000 for one. a. willing to voluntarily engage in this exchange.
Ivans benefit: $55,000 Ivans cost: benefits of car $45,000 Samantha benefit: $72,000 willing to pay Samantha cost: $55,000 Both would agree to the exchange
An exchange is a site where financial instruments including derivatives, securities, and commodities are traded. The main goals of an exchange are to maintain fair and orderly trading and effective pricing information dissemination for all securities traded on that exchange. Exchanges provide businesses, governments, and other organizations with a venue through which to offer securities to the buying public. A physical facility where traders congregate to do business or an electronic platform can both be considered exchanges. Depending on the area, they may also be referred to as a "bourse" or a share exchange. The majority of nations in the globe have exchange. The more well-known exchanges include the Tokyo Stock Exchange, the London Stock Exchange, the New York Stock Exchange, and the Nasdaq (TSE).
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an employee that is having trouble paying his personal bills might exhibit the following fraud factor:
An employee that is having trouble paying his personal bills might exhibit Pressure.
When you are under pressure, you are in a situation where something is at stake and the outcome is dependent on your performance. Moments of pressure transform into feelings of having to perform successfully, often with an accompanying sense of impending doom if you don't. When under pressure, your goal is to perform, to deliver the goods.
Pressure can be real or perceived, and it can be created by other people or entire groups. A parent can put pressure on their child to do well on a test, or thousands of sports fans can put pressure on an athlete to score the winning point. Some pressure and stress can actually be beneficial to performance; studies show that the right amount of stress can help you perform better. However, too much pressure and stress can impair performance and even cause freezing or choking. Pressure can be beneficial or detrimental to performance depending on one's level of confidence and proficiency.
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What+is+the+expected+return+on+asset+a+if+it+has+a+beta+of+0.3,+the+expected+market+return+is+14%,+and+the+risk-free+rate+is+5%?
The expected return on the asset would be 7.7%
Calculation of Expected Return
Expected Return = [Rf+ Beta*(Rm-Rf)]
Expected Return = [5% +0.3*(14% -5%)]
Expected Return = 7.7%
An asset is any useful resource owned or managed by way of a commercial enterprise or an monetary entity. it is something that may be used to produce tremendous economic cost. assets represent price of possession that can be converted into coins.
An asset is a aid with economic value that an man or woman, organisation, or country owns or controls with the expectancy that it'll provide a future benefit. belongings are pronounced on a employer's stability sheet. they're categorised as cutting-edge, constant, economic, and intangible.
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According to the text, online platform economies have resulted in which fundamental change for consumers?
The economy of online platforms has fundamentally changed the consumer. The Internet has enabled new business models.
The platform economy is the economic and social benefits enabled by the platform. Such systems are typically online sales or generation frameworks. By the way, the most unusual type is the "transaction structure", also known as the "digital matchmaker". Examples of trading platforms are Amazon, Airbnb, Uber, and Baidu.
The platform economy is the trend in which commerce is gearing towards and supporting more commercial business models towards virtual platforms. A platform is an underlying computing structure that can host services that allow customers, entrepreneurs, businesses, and the majority to connect, distribute sources, or promote products.
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as an arizona salesperson, you know that all compensation must pass through your broker. when you work with an out-of-state licensee, there must be a written cooperation agreement in place. this agreement is between which two parties?
Person's broker and the other licensee's broker is the agreement is between which two parties.
What is meant by broker?Any entity that stands between a potential investor and a securities exchange is known as a broker. Brokers are businesses that act as customers' agents and get payment from customers in the form of commissions.
A broker acts as a middleman between the buyer and the seller and is paid a commission for their services. A broker's main responsibility is to resolve a client's problem for a fee.
Thus, Person's broker and the other licensee's broker.
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the market value of the equity of nina, incorporated, is $582,000. the balance sheet shows $21,000 in cash and $192,000 in debt, while the income statement has ebit of $93,000 and a total of $137,000 in depreciation and amortization. what is the enterprise value-ebitda multiple for this company?
The enterprise value-ebitda multiple for this company is 3.27.
Following is the formula of the enterprise value-EBITDA multiple:
Enterprise value-EBITDA multiple =Enterprise valueEBITDA
Calculate the enterprise value:
Enterprise value = Market value of equity+Market value of debt - Cash
= $582,000 + $192,000 - $21,000
= $753,000
Calculate the EBITDA:
EBITDA=EBIT+Depreciation and amortization
=$93,000+$137,000
=$230,000
Calculate the enterprise value EBITDA multiple:
Enterprise value-EBITDA multiple=Enterprise valueEBITDA
=$753,000$230,000
=3.27
What Exactly Is Enterprise Multiple?The enterprise multiple, also known as the EV multiple, is a ratio used to calculate a company's value. The enterprise multiple, calculated as enterprise value divided by earnings before interest, taxes, depreciation, and amortization (EBITDA), examines a company in the same way that a potential acquirer would, taking debt into account. What constitutes a "good" or "bad" enterprise multiple varies by industry.
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what are the general responsibilities of the sharecropper, based on this contract? what are the responsibilities of the landlord?
Plantations were divided into 20- to 50-acre sections suited for farming by a single family. Sharecroppers agreed to raise a cash crop and deliver a piece of the crop to their landlord in exchange for the use of land, a cabin, and supplies.
Sharecropping is a legal arrangement for agricultural land in which a landowner permits a tenant to utilize the land in exchange for a share of the crops grown on the land.Sharecropping is a type of tenant farming in which the landowner provides all of the capital and most of the other inputs while the tenants supply their labor. Depending on the contract, the landowner may have provided the tenants with food, clothing, and medical care, as well as supervise the labor.Thus, these were the responsibilities of the sharecropper and the landlords.
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When there is a perceived need for change, charismatic leaders are often successful by?
Charismatic leadership is defined by a leader who uses his or her communication skills, persuasiveness, and charm to influence others.
What is communication?The word "communication" is derived from the Latin verb communicare, which meaning "to share" or "to be in relationship with." There appears to be an apparent resolution to the uncomfortable boundaries between oneself and others, the public and private worlds, and one's inner thoughts and the outside world.
In general usage, the term "communication" refers to a wide broad variety of distinct behaviors involved in the dissemination of information, which illustrates how challenging it is to define communication consistently. According to John Peters, the challenge in defining communication stems from the fact that it is both a universal phenomena (because everyone communicates) and a particular field of institutional academic inquiry.
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According to the bcg matrix, products that are typically new to the market and require significant marketing investment in promotion, product management, and distribution are classified as?
According to BCG Matrix, star products are typically new to the market and require significant marketing investment in promotion, product management, and distribution.
A BCG matrix is a model that is used to analyze a company's products in order to aid in long-term strategic planning. The matrix assists businesses in identifying new growth opportunities and determining how to invest for the future.
Most businesses provide a wide range of products, but some provide better returns than others. The BCG matrix provides a framework for evaluating the success of each product, assisting the company in determining which ones to invest more money in and which to eliminate entirely. It can also assist businesses in identifying a new product to introduce to the market.
Four products of BCG Matrix are-
Stars: Products in high-growth markets that account for a sizable portion of that market are considered "stars" and should be invested in more heavily.Question Marks: Questionable opportunities are those in high-growth markets where the company does not have a significant market share.Cash Cows: Products in low-growth areas with a relatively large market share are considered "cash cows," and the company should milk the cash cow for as long as possible.Dog: A company's product is considered a "dog" if it has a low market share and a low rate of growth and should be sold, liquidated, or repositioned.Learn more about BCG Matrix here:
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Cody makes a business decision based on financial outcomes first, and then attempts to argue that it is ethical as well when it may not be. cody is?
Cody makes a business decision based on financial outcomes first, then tries to justify that it is also ethical when it is not. Cody is a rationalizing his decision.
What exactly is a business decision?
A business decision, also known as an operational decision, is any choice made by a business professional that determines the short-term or long-term operations of the organisation. Professionals make business judgments in response to a range of conditions, such as deciding which job candidate to recruit, how to distribute department budgets, when to enter a new product market, whether to merge branches, and other situations that necessitate well-thought-out actions.
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How does producer surplus change as the equilibrium price of a good rises or falls ?
The producer surplus change as the equilibrium price of a good rises or falls, the producer surplus decreased.
What is equilibrium?
Equilibrium is the scientific word describing the harmony of force and action. The level of supply and demand must be equal in order for there to be an economic equilibrium. The cost remains steady. Three categories of equilibrium are frequently used: stable, unstable, and neutral.
The producer surplus change as the equilibrium price of a good rises or falls, means the goods prices are the rises, surplus of the producer increased, price was the decreased, the producer surplus decreased.
As a result, the producer surplus decreased, the price are the fall.
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focus on day-to-day operations of a business including managing sales, payroll, and receipts.
Transaction processing systems focus on the day-to-day operations of a business including managing sales, payroll, and receipts.
Transaction processing is a manner of computing that divides work into man or woman, indivisible operations, and transactions. A transaction processing gadget is a software machine, or software program/hardware combination, that supports transaction processing.
A transaction system system is a facts processing device for business transactions related to the collection, change, and retrieval of all transaction facts. traits of a TPS consist of overall performance, reliability, and consistency. TPS is likewise known as everyday transaction processing or actual-time processing.
A transaction processing system is an automatic system that plays and data each day recurring transactions necessary everyday conduct business.
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Marketers are particularly interested in targeting baby boomers because they typically possess which two things that marketing professionals seek?
The correct option is (D) disposable income and free time
Marketers are particularly interested in targeting baby boomers because they typically possess two things marketing professionals seek disposable income and free time.
What does baby boomer slang mean?The phrase "baby boomer," commonly abbreviated to "boomer," describes a person, mostly of American descent, who was born during the post-World War II birth boom that lasted from the 1940s through the early 1960s.
Optimism, teamwork, personal satisfaction, wellness and health, personal progress, youth, work, and involvement are among the basic values of Baby Boomers. Baby Boomers are more content with their jobs when their ideals are supported at work.
Why do marketers find baby boomers attractive?They are more self-centered and active than their parents were when they were their age, and they are also healthier and more active. The baby boomer demographic is significant. Every marketer should be aware of efficient marketing methods for baby boomers because they make up one of the largest consumer segments.
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The complete question is:
“Marketers are particularly interested in targeting baby boomers because they typically possess two things that marketing professionals seek:
A. higher education levels and disposable income.
B. higher paying jobs and greater interest in leisure activities.
C. greater purchasing power and more consumer confidence.
D. disposable income and free time.
E. higher paying jobs and higher education levels.”
. [costs or expenses] phil young, founder of pedal pushers, expects to spend the next one-half year developing and testing prototypes for a pedal replacement for children’s bicycles. (see part a of problem 1 for a description of the proposed product.) phil anticipates paying monthly rent of $700 for space in a local warehouse where the pedal pusher product will be designed, developed, and tested. utility expenses for power and heat are estimated at $150 per month. phil plans to "draw down" a salary of $1,000 per month. materials needed to build and test an initial prototype product are expected to cost $9,500. in addition, each redesign and new prototype will require an additional $4,500 investment. phil anticipates that before the final pedal pusher is ready for market at the end of six months, the initial plus two more prototypes will need to be built and tested. costs associated with test marketing the pedal pusher are estimated at $7,000.
A development stage type of financial capital is needed. seed financing is the likely source of that capital for Phill young.
What is seed financing?Seed finance, also known as seed capital, seed money, or seed investment, is the first stage of a startup's capital-raising process. Seed funding is an illustration of equity-based financing. In other words, investors invest money in exchange for an equity stake in a business. This is often carried out in a less formal manner when compared to other equity-based financing methods like venture capital. Seed money primarily supports the company's first operations. For instance, the funds from seed capital may be applied to market analysis, the initial phases of product development (such as creating a prototype), or significant ongoing expenses like legal bills. Family, friends, and angel investors are frequently used as financial sources.
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The complete question is: . [costs or expenses] phil young, founder of pedal pushers, expects to spend the next one-half year developing and testing prototypes for a pedal replacement for children’s bicycles. (see part a of problem 1 for a description of the proposed product.) phil anticipates paying monthly rent of $700 for space in a local warehouse where the pedal pusher product will be designed, developed, and tested. utility expenses for power and heat are estimated at $150 per month. phil plans to "draw down" a salary of $1,000 per month. materials needed to build and test an initial prototype product are expected to cost $9,500. in addition, each redesign and new prototype will require an additional $4,500 investment. phil anticipates that before the final pedal pusher is ready for market at the end of six months, the initial plus two more prototypes will need to be built and tested. costs associated with test marketing the pedal pusher are estimated at $7,000. What type of financial capital is needed? What are the likely sources of that capital for Phill young?
funds used to acquire physical resources eg lang buildings and equipment that are needed to provide patient services are known as long term investment securities
True, funds used to acquire physical resources eg lang buildings and equipment that are needed to provide patient services are known as long term investment securities.
What is long term investments?
An account on the asset side of a company's balance sheet is designated as a long-term investment and it holds all of the company's holdings, including cash, stocks, bonds, real estate, and other investments. Assets that a business wants to hold for longer than a year are known as long-term investments.
The main difference between a long-term investment account and a short-term investment account is that although short-term investments will almost certainly be sold, long-term investments won't be for years, and in some situations, they might never be.
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all of the licensees at stone realty are attending an off site conference for the afternoon. the broker’s unlicensed assistant remained at the office to answer the telephone. during this time, helen barnes from tri-state realty called for information about a stone listing. what should the assistant do?
All of the licenses at stone realty are attending an off site conference for the afternoon. the broker’s unlicensed assistant remained at the office to answer the telephone.
During this time, Helen Barnes from tri-state realty called for information about a stone listing. The assistant should give Helen the information she is asking for.
Who is an unlicensed assistant broker?An unlicensed assistant broker does a number of responsibilities. Nonetheless, it is germane that every broker understands what an unlicensed broker is legally allowed to do compared to a licensed assistant, in order to avoid getting into trouble.
Therefore, the assistant should give Helen the information she is asking for.
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What is the ratio of days of transactions between 250,000 and 299,999 conducted in may 2017 as compared to april 2017?
Firstly, we need to find the frequency of the number of days occurring in april 2017 and then frequency of days occurring in may 2017.
The ratio of days of transactions between 250,000 and 249,999 in may 2017 as compared to april 2017 is 1:8
In May 2017, one day had a transaction between 200,000 and 249,999. In April 2017, eight days had transactions between 200,000 and 249,999.
The frequency of an occurrence or a value is the number of times it happens. A frequency table is a list of objects with the frequency of each item shown in the table. The letter "f" of the English alphabet is used to denote frequency.
Putting Together a Frequency Table
Step 1: First, create three columns. The data values are shown in the first column in descending order (from lesser to large values).
Step 2: Using tally marks, the second column displays the frequency of each data value. For each row in the table, count. To count, use tally marks.
Step 3: Count the tally marks associated with each data value and enter that number in the third column.
Tally markings are useful for keeping track of how frequently something occurs. It is employed for keeping records.
Your question is incomplete. Find the missing content below:
What is the ratio of days of transactions between 250,000 and 249,999 conducted in may 2017 as compared to april 2017?
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prepare journal entries for the following transactions for kaboom inc. a. paid $2,400 cash for a 6-month insurance policy. b. declared dividends of $4,000 cash. c. paid $6,000 cash in salaries for the month. d. provided $16,000 in services for customers on account. e. collected one-half of the amount due from customers in part d.
Journal entries are a crucial component of accounting for a firm since they not only serve as a record of every transaction but also reveal which accounts are impacted by them. This practice is referred to as double-entry bookkeeping.
What is a Journal Entry?A journal entry is an act of recording any transaction, whether one that is economic or not. An analysis diary that depicts the debit and credit proportions of a company lists trades. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry. To document a business transaction in the accounting records of the company, a journal entry is employed. A journal entry is often made in the general ledger, but it can also be made in a subsidiary ledger and subsequently rolled forward into the general ledger after being summarized. General journal entries are not processed automatically as invoices or cash receipts are processed; rather, they are entered manually into the general ledger.
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What will be the immediate effect if the government sets the price for potatoes at Point B?
O There will be a shortage of potatoes.
O There will be a surplus of potatoes.
O The price of potatoes will rise to meet equilibrium.
O The price of potatoes will fall to meet equilibrium.
If the government sets the price for potatoes at point B, then there will be shortage of potatoes. The correct answer is option A.
In 2022, the price range for US potatoes is estimated to be between US$ 1.05 and US$ 1.07 per kilogram, or between US$ 0.48 and US$ 0.49 per pound (lb). EUR 1.05 per kg is the price in Euros. In New York and Washington, the average price for a ton is US$ 1053.83. In 2019, the US import price for potatoes was $1.01 per kilo. The tasting Table compared data from the US Bureau of Labor Statistics on potato prices from February 2019 to June 2022. (BLS). In June, the average price of white potatoes had risen to $0.89 per pound. This represents a 15.86% increase over last June and a 19.9% increase over June 2020.
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Answer:
A
Explanation:
Good luck :D
the implied enterprise value of snap inc., calculated using the assumptions and acquisition premium provided, is:
We learn through information that the share price p to the share price p will equal 44.29, and then we obtain the acquisition price.
So tiny p's acquisition cost will be equivalent to 20 percent, and the effective share price for the purchase of p Star will be equal to p p times, capital p times 1 plus p, or 4429 times 1 plus 20 percent, times 1.1.2, which will equal 53 dollars and 15 cents. The number of shares that are outstanding as of this writing is 1041 times m m.
The equity value will then be 53.15 times that.The new debt, which is going to be 1734, will be 9205963. The inferred enterprise value is equal to the equity value plus the net debt, which is equal to e plus d, as d will then be minus 496 points. As a result, we will have 18415863 and a plus while a negative 496, which means that the closest choice is going to be 91075. The third option listed below, 91075, will thus be the closest choice.
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According to the electure, the interpersonal communication process is the process of ________ and ________ verbal and nonverbal messages between two or more people.
According to the lecture, the interpersonal communication process is the process of sending and receiving verbal and nonverbal messages between two or more people.
Interpersonal communication, or face-to-face communication, is the process through which individuals exchange knowledge, sentiments, and meaning through verbal and nonverbal cues. Interpersonal communication includes non-verbal cues like tone of voice, facial expressions, gestures, and body language in addition to the words that are verbal, or the language that is employed. Communication occurs whenever two or more individuals are together and aware of one another's presence, regardless of how inadvertently or subtly it occurs. Without verbal, an observer may infer information about another's role, emotional state, personality, and/or goals from their posture, facial expressions, and clothing. Even when no communication is intended, people nonetheless pick up messages from such non-verbal behaviours.
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What are the conditions that would support a strong matrix organization for project management? when is a dedicated team preferred?
In strong matrix organizations, the project manager has authority and a full-time role. A full-time project management team will report to and control the budget. This structure has the characteristics of an intended organization.
A matrix organization is a combination of two or more different types of organizational structures, such as project management or functional management. Furthermore, the matrix structure includes both traditional management hierarchies, where employees are managed by a functional manager, as well as additional project managers who can manage employees, in different parts. These two or more management systems intersect on a grid or matrix.
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Consumers buying products online have dramatically affected the ____ variable of the marketing mix.
Consumers buying products online have dramatically affected the promotion variable of the marketing mix.
Advertising and marketing selection variables correspond to the important advertising functions that have an impact on sales and income. they are summarized inside the four P's product, charge, merchandising, and place distribution. different marketing selection variables may additionally include provider guidelines, credit score, and so on, and variable advertising of the most important for the customer.
Variable advertising and marketing prices are constant expenses that vary with the range of people who view your advertising and marketing. a fee is one of the most important variables for the customer when deciding on one item over another. at the cease of the Forties, advertising expert Jerome McCarthy added the four cornerstones of the advertising and marketing blend Price, Product, place, and promotion.
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the head of the quality control department at a printing company would like to carry out an experiment to determine which of three different glues results in the greatest binding strength. although they are not of interest in the current study, other factors thought to affect binding strength are the number of pages in the book and whether the book is being bound as a paperback or a hardback.
Binding strength is the response variable in this experiment.
The response variable is the outcome of an experiment in which the explanatory variable is changed. It is a variable whose variation is explained by the other variables. The response variable is also known as the Dependent Variable or Outcome Variable.The explanatory variable forecasts or describes the value of the dependent variable; in an experimental study, this is the outcome that is assessed after the explanatory variable is manipulated.A graph is the simplest way to illustrate the relationship between an explanatory variable and a response variable. The explanatory variable is often plotted on the x-axis, while the response variable is plotted on the y-axis. If you have quantitative variables, use a scatter plot graph or a line graph.Thus this is the meaning of Response Variable.
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Discuss how a hypothesis can become a theory. can a theory become a law. explain
Often, the new scientist will reproduce the original experiment or add their own data to support or refute the idea. If the original hypothesis is overwhelmingly endorsed by the larger scientific community and no experiments have shown it incorrect, it becomes a theory over time.
Often, the new scientist will reproduce the original experiment or add their own data to support or refute the idea. If the original hypothesis is overwhelmingly endorsed by the larger scientific community and no experiments have shown it incorrect, it becomes a theory over time. A causal hypothesis is not the same as a law, and a causal hypothesis cannot become a law.
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Before conducting a research project, it is important for the researcher to have ___________
Before conducting a research project, it is important for the researcher to have a Hypothesis.
A Hypothesis is an educated guess that can be examined with observations and falsified if it without a doubt is fake. The researcher can't prove conclusively that most hypotheses are genuine because it's commonly not possible to have a look at all feasible instances for exceptions that might disprove them.
A Hypothesis is an assumption made earlier than any research has been carried out. it's far fashioned so that it can be tested to peer if it might be genuine. A concept is a precept shaped to provide an explanation for the things already shown in information.
Hypothesis calls for extra work through the Hypothesis so one can both affirm or disprove it. In due route, a showed hypothesis may end up a part of a concept or now and again may additionally develop to grow to be a principle itself. usually, medical hypotheses have the shape of a mathematical version.
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If the most someone is willing to pay for ticket to see their favorite team is $100 and the market price of the ticket is $35, then this buyer will get consumer surplus of?
If the most someone is willing to pay for ticket to see their favorite team is $100 and the market price of the ticket is $35, then this buyer will get consumer surplus of $65.
Consumer Surplus = Maximum Price Willing - Actual Price
Methods for Determining Consumer Surplus
Consumer surplus is a term used in economics to describe the difference between what consumers are willing to pay for a commodity or service and its market price, or the benefit (or surplus). The marginal utility theory of economics serves as the foundation for the consumer surplus formula. According to the hypothesis, spending patterns vary depending on an individual's preferences. A surplus is produced when people's willingness to pay for a particular commodity or service varies. Several different corporate finance occupations use this metric.
The equilibrium price is the point at which supply and demand coincide. Product surplus (PS) is the region above the supply level and below the equilibrium price, and consumer surplus is the region below the demand level and above the equilibrium price (CS).
Complete revenues minus total costs equals profit. In contrast, producer surplus is the difference between the proceeds from the sale of one good and its marginal, direct cost of production.
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If the elasticity of demand for cigarettes is 0.75 and the elasticity of supply for cigarettes is 1.25, then a 5 ecrease in the demand for cigarettes would cause the price of cigarettes to?
If the elasticity of demand for cigarettes is 0.75 and the elasticity of supply for cigarettes is 1.25, then a 5 increase in the demand for cigarettes would cause the price of cigarettes to decrease by 2.5 percent. Option C
This is further explained below.
What is the elasticity of demand?Generally, The elasticity of demand, also known as demand elasticity, is a metric that assesses how demand reacts to changes in either income or price.
Because the price of a product or service is the most frequent economic element used to quantify it, it is usually referred to as "price elasticity of demand."
In conclusion, If the elasticity of demand for cigarettes is 0.75 and the elasticity of supply for cigarettes is 1.25, then a 5 percent rise in the demand for cigarettes would result in a 2.5 percent drop in the price of cigarettes. This is assuming that the elasticity of supply for cigarettes is 1.25. Alternative C
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complete question
If the elasticity of demand for cigarettes is 0.75 and the elasticity of supply for cigarettes is 1.25, then a 5% decrease in the demand for cigarettes would cause the price of cigarettes to:
increase by 2.5%
increase by 5%.
decrease by 2.5%
decrease by 5%
To pay for a home improvement project that totals $9,000, genesis is choosing between taking out a simple interest bank loan at 9% for 3 years or paying with a credit card that compounds monthly at an annual rate of 18% for 7 years. which plan would give genesis the lowest monthly payment? the monthly credit card payment would be $295, which is lower than the monthly payment on the bank loan. the monthly payment on a bank loan would be $272.50, which is lower than the monthly credit card payment. the monthly payment on a bank loan would be $317.50, which is lower than the monthly credit card payment. the monthly credit card payment would be $374.21, which is lower than the monthly payment on the bank loan.
The plan that would give Genesis the lowest monthly payment: The monthly payment on a bank loan would be $272.50, which is lower than the monthly credit card payment. Thus, option B is the correct option.
Genesis would find the most economical option in the bank loan plan, featuring a monthly payment of $272.50. This amount contrasts favorably with the higher monthly credit card payment of $295.
By opting for the bank loan with a lower monthly commitment, Genesis can efficiently manage the costs of the $9,000 home improvement project while ensuring a more affordable repayment plan in the long run.
Thus, option B is the correct option.
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