placed an order for office supplies costing $2,000. supplier intends to deliver later in the month. purchased equipment that cost $30,000; paid $10,000 cash and signed a promissory note to pay $20,000 in one month. negotiated and signed a one-year bank loan, and then deposited $5,000 cash in the company’s checking account. hired a new finance manager on the last day of the month. received an investment of $10,000 cash from the company’s owners in exchange for issuing common shares. supplies [ordered in (a)] were received, along with a bill for $2,000.
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The indication of the amount, accounts, and directions of effects of the transaction are given below for all the transactions on the radio station's accounting equation which include paying $10,000 cash and signing a promissory note to pay $20,000 in one month.
The accounts along with the amount and the direction of effect of the transactions is as follows:
No journal entry requiredDr: Equipment $30,00 Cr: Cash $10,000 & Note Payable (short term) $20,000Dr: Cash $5,000 Cr: Note Payable (short-term) $5,000No journal entry requiredDr: Cash $10,000 Cr: Contributed Capital $10,000Dr: Supplies $2,000 Cr: Accounts Payable $2,000Hence, the amount, accounts, and directions of the effects of the transaction are given above.
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Related Questions
According to the small business administration, over 50 percent of all small businesses are home based true /false
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According to the small business administration, over 50 percent of all small businesses are home based true organization's resources.
an example of a business administration The task of managing an organization's resources, time, and people is known as business administration. Professionals in business administration labor to make sure that companies and organizations are managed profitably, successfully, and effectively. Small Business Administration is a body that assisted new entrepreneurs and small enterprises in starting up. Through their connections with sources like venture capital firms, governmental organizations, etc., they offer capital support.
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suppose you owe $3,000 on your credit card. you pay a minimum payment of $30 each month. at an annual percentage rate of 12% (or 1% per month), how many years would it take to eliminate your credit card debt if you made no additional new charges?
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If you have a credit card balance of $3,000, the debt will remain. $30 per month is the required minimum payment. at an annual percentage rate of 12%.
The amount of unpaid Interest on the amount unpaid per month will be 1%. Hence,
Interest Per Month= Owed amount x Interest per month.
Interest Per Month= $3,000 x 1/100
Interest Per Month= $30
The minimum payment is 30 dollars.
Therefore, by making the minimal payment we are just meeting the interest returned per month we are not doing any amortization on the principal. Hence, we cannot refund the debt.
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Olivia+invests+$6,000+in+an+account+at+the+beginning+of+each+year+for+6+years.+if+she+earns+12%+per+year+on+her+investment,+what+is+the+equivalent+present+value+of+her+investment?
Answers
The equivalent present value of her investment is $71,057.62
Investment is an asset or object acquired with the aim of generating profits or appreciation. Appreciation refers to a boom in the value of an asset over time. when a man or woman purchases a good as funding, the purpose isn't to devour the best but as an alternative to applying it within the future to create wealth.
An investment is an effective manner to place your money to work and probably construct wealth. smart making an investment may also permit your money to outpace inflation and boom in price. The more boom ability to invest is more often than not because of the energy of compounding and the threat-go back tradeoff.
total investment for six-year = $6,000 × 6
= $36,000
rate of interest = 12%
First, convert R as a percent to r as a decimal
r = R/100
r = 12/100
r = 0.12 rate per year,
Then solve the equation for A
A = P(1 + r/n)nt
= 36,000.00(1 + 0.12/1)(1)(6)
= 36,000.00(1 + 0.12)(6)
= $71,057.62
The equivalent present value of her investment is $71,057.62
Disclaimer:- The correct format of the question is given below.
Olivia invests $6,000 in an account+at the beginning of each year for 6 years. if she earns 12% per year on her investment, what is the equivalent present value of her investment?
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A major advantage of passive bond strategies is low transaction costs.
true/ false
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A major advantage of passive bond strategies is low transaction costs. This statement is True.
What is a passive bond fund?
Passively controlled price range – additionally called index funds – invest in a portfolio of bonds designed to healthy the overall performance of a particular index, which include the Barclays U.S. mixture Bond Index. Index price range simply keep the securities which can be within the index, or, in lots of instances, a representative sample of the index holdings.
What are active and passive bond control techniques?
Active portfolio management focuses on outperforming the marketplace in contrast to a particular benchmark consisting of the same old & poor's 500 Index. Passive bond management mimics the funding holdings of a specific index with a view to gain comparable results.
Is passive bond or lively making an investment better?
Energetic techniques have tended to gain buyers more in positive investing climates, and passive bond techniques have tended to outperform in others. For instance, when the market is unstable or the financial system is weakening, energetic managers might also outperform extra frequently than whilst it isn't always.
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Inherent risk and control risk differ from detection risk in that inherent risk and control risk are?
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Detection risk refers to the auditor's processes and can be altered at the auditor's discretion, whereas inherent risk and control risk exist independently of the audit of financial statements. The relationship between detection risk and inherent and control risk should be inverse. The more the detection risk that may be accepted, the less inherent and control risk the auditor thinks to be present. In contrast, the auditor considers that the detection risk can be tolerated less as inherent and control risk increases.
Inherent risk: What is it?
Human Involvement. Business connections and regular meetings.Assumption/Judgment Based Accounting is number three. Organizational structure complexity.Transactions that are not routine.Cybersecurity risks, integrity and moral risks, fraud risk, subpar business system designs, etc. are a few examples of control risks. A crucial duty for the accounting department of a firm is control risk monitoring.
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if leroyce trades two cookies for one of amir's brownies, we say that they are engaging in: a a zero-sum game. b technological progress. c exploitation. d benevolence. e barter.
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E. LeRoyce and Amir are said to be bartering if LeRoyce exchanges two cookies for one of Amir's brownies.
More about bartering :
A barter is a transaction in which two or more parties exchange products or services without exchanging cash or other forms of payment like credit cards.
In its simplest form, bartering entails the exchange of one party's good or service for another party's good or service or Bartering is a method of exchange in trade when parties to a transaction directly swap one good or service for another without utilising a means of exchange like money.
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What happens to the equilibrium price and quantity when demand increases and at the same time supply decreases, but the demand shift is larger than the supply shift?.
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The shift of the demand curve typically shifts less than that of the supply curve when the increase in demand is less than the decrease in supply. In reality, equilibrium quantity decreases while equilibrium price increases.
When economic forces are in balance, a condition or state is said to be in equilibrium. In the absence of outside influences, economic variables essentially hold true to their equilibrium values. Market equilibrium and economic equilibrium are two different concepts. The only price at which consumer and producer plans coincide is the equilibrium price, which is reached when the quantity demanded by consumers and the quantity supplied by producers, respectively, are equal. The equilibrium quantity is the name given to this common quantity. Usually, as the supply of goods and services increases over time, prices decline, which leads to an increase in demand.
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The demand for nike shoes is _________________ than the demand for shoes in general.
a. less elastic
b. more inelastic
c. less inelastic
d. more elastic
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The demand for Nike shoes is less inelastic than the demand.
The price elasticity of call for is calculated by dividing the share trade-in by the amount demanded via the share change in charge. If the quotient is greater than or equal to one, the demand is taken into consideration to be elastic. If the fee is less than one, demand is considered inelastic.
Inelastic refers to the static quantity of a terrific whilst its rate changes. when the charge of a very good provider changes and the quantity demanded of that right does not extensively alternate, the coolest or service is taken into consideration inelastic.
An inelastic call for is one wherein the trade-in quantity demanded due to a trade-in price is small. If the method creates an absolute price of more than 1, the call is elastic. In other phrases, quantity changes faster than the fee. If the cost is much less than 1, demand is inelastic.
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An individual taxpayer uses a fiscal year of march 1 to february 28. the due date of this taxpayer's federal income tax return is may 15 of each tax year. true false
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An individual taxpayer uses a fiscal year of march 1 to February 28. The due date of this taxpayer's federal income tax return is may 15 of each tax year. This statement is False.
A taxpayer is a person or organization difficulty to pay a tax. Modern-day taxpayers may additionally have an identity range, a reference variety issued by using a government to residents or firms. The time period "taxpayer" generally characterizes one who will pay taxes.
How do I recognize if I am a taxpayer?
Kind "ATL (space) thirteen digits automatic countrywide identification Card (CNIC)" and send to 9966. Check energetic Taxpayer fame of AOP and company by using SMS via the subsequent system: Kind "ATL (space) 7 digits national Tax number (NTN)" and send to 9966.
Who qualifies as a taxpayer?
The inner sales Code defines “person” and units forth which humans are situation to federal taxes. phase 7701(a)(14) defines “taxpayer” as “any individual” subject to any inner revenue tax, and section 7701(a)(1) defines “character” to encompass an character, believe, estate, partnership, or agency.
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Budgets can be prepared conservatively by? underestimating costs. underestimating earnings. overestimating goals. overestimating results. reconciling behaviors and goals.
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Budgets can be prepared conservatively by underestimating earnings.
What are the steps of creating a budget?Determining your income : The monthly income or the take home amount after paying the taxes and other expenses has to be determined. Other sources of income can also be included hereDetermining your expenses : Try to record everything of your regular monthly expenses. It is one of the most difficult steps.Choose a budget plan : Once you have the idea of the expenses and income, you can easily decide the budget plan according to your need.Adjusting your habits : you need to get control over your finances and therefore one has to put some efforts to manage the income and expenses developing certain habits to improve the finance.Living the plan : A budget is an ever changing plan and it can be adjusted regularly as your expenses change.To learn more about budgets, refer
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Which major domestic stock market has the most restrictive listing requirements in terms of the market value of the listed firm?
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The New York Stock Exchange of America is the major domestic stock market that has the most restrictive listing requirements in terms of the market value of the listed firm.
The Financial District of Lower Manhattan is home to the New York Stock Exchange (NYSE, sometimes known as "The Big Board"), an American stock exchange. By market capitalization of its listed businesses, which was US$30.1 trillion as of February 2018, it is by far the largest stock exchange in the world. In 2013, the average daily trade value was at US$169 billion. The New York Stock Exchange Building, located at 11 Wall Street and 18 Broad Street, houses the NYSE trading floor, a National Historic Landmark. In February 2007, a second trading room at 30 Broad Street was shut down.
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a store offers two payment plans. under the installment plan, you pay 25% down and 25% of the purchase price in each of the next 3 years. if you pay the entire bill immediately, you can get a 10% discount on the purchase price. assume the product sells for $100.
Answers
According to The Question,
A-1) The instalment option's present value is $93.08
Present value of paying the invoice in full now is $90.A2) It's best to pay the invoice right away.
B-1) The instalment option's present value is $88.65
B-2) In this instance, paying in instalments is a preferable option.
Calculate for Each Part.
A1) This is an annuity due with payments of $25 up front and $25 at the end of each of the next three years. The present value is determined as follows:PMT equals the annuity payment of $25 at the start of each period.
I represents the period-to-period compound interest rate.=0.054 payment periods make up the number n.
A-2)
Paying the debt in full is preferable than paying it in instalments since the former has a cheaper cost of $90 while the latter has a present value cost of $93.08.B1)
If a full year passes before the 4-year instalment plan payments begin, the present value of the payment stream is determined as follows:B-2)
In this situation, paying in instalments is the best option because it costs less ($88.65) than paying the amount in full at once ($90 at present value).To Learn more about Payment Plans, Click the links.
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Correct Question - A store offers two payment plans. Under the installment plan, you pay 25% down and 25% of the purchase price in each of the next 3 years. If you pay the entire bill immediately, you can take a 10% discount from the purchase price. Assume the product sells for $100.
a-1. Calculate the present value of the payments if you can borrow or lend funds at an interest rate of 5 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
a-2 Which is a better deal?
b-1. Calculate the present value if the payments on the 4-year installment plan do not start for a full year. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
b-2. Which is a better deal?
________ is an agreement between a manufacturer and a distributor on the price at which a product will be resold.
Answers
Resale price maintenance is an agreement which is between a manufacturer and a distributor on price at which a product will be resold.
Resale price maintenance refers to a practice in which a manufacturer fixes the price for the resale of a brand product and so in this practice the retailer is not allowed to sell it at a lower price.
Manufacturers use the resale price maintenance in order to more directly prevent inter-retailer price competition. Resale price maintenance can be considered inefficient if it enables a manufacturer and dealers to operate a cartel and charge the monopoly price.
Hence, selling a product, resale price maintenance can be efficient if it permits retailers to provide an efficient level of service.
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in 1933, john maynard keynes, the father of demand-side economics, wrote to fdr that his new deal approach made him "the trustee for those in every country who seek to mend the evils of our condition by reasoned experiment within the framework of the existing social system."
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Roosevelt hoped to restore democratic nature, liberalism, and economic prosperity and development. His New Deal was an alternative to socialism, Nazism, and the activities favored by supporters of unlimited capitalism.
Under the "New Deal," President Franklin D. Roosevelt carried out a number of measures between 1933 and 1939, involving public projects, regulations, and financial reforms. Among the important government initiatives and organizations were the Civilian Conservation Corps (CCC), Farm Security Administration (FSA), National Industrial Recovery Act of 1933 (NIRA), Civil Works Administration (CWA), and Social Security Administration (SSA). They provided aid to farmers, the unemployed, youth, and the elderly. The Additional Deal included further controls and safeguards for the banking industry as well as efforts to stimulate the economy after pricing had fallen sharply.
In 1933, John Maynard Keynes, the father of demand-side economics, wrote to FDR that his New Deal approach made him "the trustee for those in every country who seek to mend the evils of our condition by reasoned experiment within the framework of the existing social system."
What was Keynes implying about Roosevelt's approach? Complete the following passage.
Roosevelt hoped to reconcile democracy, individual liberty, and economic recovery and development. He conceived the New Deal as an alternative to socialism on the_____, Nazism on the_____, and the inaction favored by upholders of______ capitalism.
left
government-regulated
unregulated
right
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finra rule 2210, communications with the public, has a number of filing requirements. some communications are prefiled, others are postfiled, and some are excluded from filing with finra. included in the list of exclusions would be retail communications
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FINRA rule 2210, communications with the public, has a number of filing requirements. some communications are profiled, included in the list of exclusions would be retail communications is option D.
A communication restricted to identifying the member's trade or market-maker symbol is excluded from the FINRA filing requirements. A conversation that identifies and recommends a specific investment corporation or organization needs to be filed.
When previously filed material is used, no filing is essential so long as there may be no material alternate. however, converting from recommending particular funds to precise ETFs is a material trade and might require filing. A retail verbal exchange selling a carrier offered by way of a member firm is a conversation that would likely want filing with FINRA.
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Disclaimer:- your question is incomplete, please see below for the complete question.
A) that do no more than identify and recommend a specific registered investment company or family of registered investment companies.
B) dealing with specific index funds that previously have been filed with FINRA and that are to be used, with the only change being a recommendation of index exchange-traded funds from the same sponsoring organization.
C) that do not make any financial or investment recommendation but only promote a service offered by the member.
D) that do no more than identify a national securities exchange symbol of the member or identify a security for which the member is a registered market maker.
according to ohno and toyota, is a category of waste that retains unnecessary inventory between process steps.
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Overproduction, according to Ohno and Toyota, is a type of waste that holds unneeded inventory between process steps.
Overproduction is the practice of creating a good or service in excess or before it is required. Most frequently, excessive production in manufacturing results in time and resource waste. Waste is the expenditure of time or resources to generate a good that goes beyond the needs of the customer. Depending on how the manufacturer handles the overproduction, several issues may develop. The consumer will be unhappy that they must pay more than they had anticipated for the product if the expense is passed on to them.
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in order for activities to be useful as schedule building blocks, they should have tangible output that can be verified
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The statement is True.
What are generic building blocks?The following are general traits of building blocks: A building block is a collection of features designed to address the demands of the business across an organization. The functionality can be accessed through public interfaces from a building block. A building block has the potential to work together with other interconnected building blocks.The foundational components of art as a whole are seven different types of artistic expression. The seven elements are line, color, value, shape, form, space, and texture.A building block is a collection of features designed to address the demands of the business across an organization. The functionality of a building block is accessible through public interfaces. A building block may work in conjunction with other, related building blocks.Nanoparticles, metal-organic frameworks, organic molecular structures, and supra-molecular complexes are utilized as building blocks for the bottom-up modular assembly of molecular architectures. Utilizing building blocks ensures exact control over the final composition of a molecule or (supra)molecular construct.In order for activities to be useful as schedule building blocks, they should have a tangible output that can be verified. The statement is True.
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All balance sheet items on a common sized balance sheet are constructed by dividing each balance sheet item by what number to create the percentage?
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He common size balance sheet formula takes a line item divided by the base amount times 100 for a given period. For the balance sheet, line items are typically divided by total assets. A typical size balance sheet provides for easy analysis of the relative percentages of each asset, debt, and equity account.
Any single asset line item is compared to the total asset value. Similarly, any single liability is compared to the total amount of liabilities, balance sheet, and any equity account is compared to the whole value of equity. As a result, each major account classification will equal 100%, because all lesser components will add up to the major account classification.
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Which of these explains why a person would hesitate to save money? a fear of not having money for emergencies b desire to live paycheck-to-paycheck c social and cultural influences d low monthly income
Answers
A person hesitates in saving money because of a fear of not having money for emergencies.
What is saving?
When a person kept some amount aside from expenses is known as saving. This amount is used by him in the future.
In this question, we have to identify the reason for hesitation in saving money. Due to the fear of future emergencies a person hesitates to save money. He fears that if some uncertainties happen then he would not be able to use that amount of the savings to meet uncertainties.
Hence, option (a) is correct.
Option (b) is not correct because it is not the correct reason.
Option (c) is not correct because it is not the correct reason.
Option (d) is not correct because it is not the correct reason.
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claire's surplus: $ roy is willing to pay $2.50 for a sports drink. he puts $5.00 into the vending machine and pushes the button for the sports drink without noticing that the price has increased to $2.75 until he counts the change he gets back.
Answers
Producer surplus can be determined at the level of a specific business using the equation: Producer surplus = total revenue - total cost.
Charlies'surplus will be $2.50-$2.75=-0.25
A visual depiction used to determine consumer excess is the demand curve. With the price represented on the graph's y-axis and the quantity demanded represented on its x-axis, it illustrates the link between a product's price and the amount demanded at that price.
Entire benefits minus total expenses can be used to compute total market surplus. The area between our marginal benefit and marginal cost, limited by quantity, is another option. Finding the difference between marginal benefits and marginal costs at each level of production is equal to doing this.
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to what extent, if any, are marketers responsible for injurious consumption involving their products?
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While using or consuming any product is good, it only becomes harmful when it is overused or if the product is genuinely harmful. Marketers bear a large portion of the blame for the harmful consumption of products or services. If a product is genuinely harmful, the marketers must stop pushing it and the product must sell itself, like cigarettes.
What does harmful consumption marketing entail?Consumption that is harmful to the consumer's long-term well-being is defined as having negative effects. In other words, harmful consumption happens when people or communities choose to consume in ways that are detrimental to their long-term health.
The marketers' mistake will be that they overdo the product's publicity and marketing in an effort to leave a mark on consumers' thoughts and keep their products in front of them at all times.
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if an individual was studying the economic policies designed to stimulate the country’s economy out of a recession they would be a microeconomist. microeconomist. business manager. business manager. macroeconomist. macroeconomist.
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d. A macroeconomist would be someone who studied the economic policies aimed to jolt the country's economy out of a recession.
More about macroeconomics:
The study of how an economy functions, is set up, acts, and makes decisions is known as macroeconomics. Controlling the growth and stability of an economy, for instance, by the use of interest rates, taxes, and government spending.
In contrast to microeconomics, which examines the choices made by particular economic actors like businesses and customers, macroeconomics is interested in the overall effects of economic actions.
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A company failed to coordinate a clear message across all of the imc channels it was using to market its products and services. what are the ramifications of this misstep?
Answers
The customers are confused as a result of the wasted resources, time, and money.
Coordinating all of this activity across many communication channels is what integrated marketing communication is all about. Observe that persuasion—convincing people to believe something, desire something, or act—is a key element of this concept. In line with an organization's marketing strategy, effective marketing communication is goal-oriented. It seeks to communicate a specific message to a selected group of people with the intention of changing attitudes and/or behavior. Because it uses a variety of communication channels and customer touch points to convey a consistent message in more and more persuasive ways, integrated marketing communication (IMC) makes this marketing activity more effective and efficient.
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jackson inc. purchased 10,000 shares (2% ownership) of taylor corp. on february 6. jackson received a 2,000 share stock dividend on march 15 when the market value of taylor was $40 per share. on august 31, taylor paid a cash dividend of $1.50 per share. for the year ended december 31, jackson should report dividend income of: $15,000. $18,000. $88,000.
Answers
In its income statement for this year, the amount which Jackson inc. should report as dividend income is $18,000.
Given,
Shares purchased = 10,000
Ownership = 2%
Received a stock dividend of 2,000 shares
Market value per share = $40
Cash dividend of $1.50 per share
Dividend income can be calculated by the below given formula-
Dividend Income = No. of shares × dividend per share
Dividend Income = 12000 × $1.50
Dividend Income = $18,000
Therefore, the dividend Income is $18,000
Dividend income is considered as an amount which is distributed to the company's shareholders. Thus, the dividends are distributed from the company's earnings or profits.
Hence, option B is correct.
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Which profession has trouble finding work if a countries educational system has produced more than the country can employ?
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Doctors have trouble finding work if a countries educational system has produced more than the country can employ.
Doctor emigration, commonly referred to as "brain drain," is brought on by a mismatch between demand and supply in wealthy nations and a lack of work satisfaction in developing nations. This effect is caused by a variety of push and pull factors, with media and the internet having a role. Large-scale doctor migration may cause issues for both the donor and recipient nations, thus widening the gap between developed and poor nations.
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The simple circular flow model shows that workers and capital-owners offer their services to firms through the?
Answers
The simple circular flow model shows that workers and capital-owners offer their services to firms through the resource markets.
This is further explained below.
What are resource markets.?Generally, Sociologists and others involved in public policy often make use of the phrase "cultural change" to refer to how society evolves through time.
Because of this, society develops new cultural characteristics, patterns of behavior, and social norms, which in turn leads to the formation of new social structures.
In conclusion, The simple circular flow model illustrates how employees and owners of the capital provide their services to businesses by way of resource marketplaces.
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Marcus says that he would smoke one pack of cigarettes each day regardless of the price. if he is telling the truth, marcus's?
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Marcus says that he would smoke one pack of cigarettes each day regardless of the price. if he is telling the truth, Marcus's. Demand for cigarettes is perfectly inelastic.
When an item or service's quantity stays constant even when its price varies, it is said to be inelastic in the economic sense. When prices rise, consumers' purchasing patterns essentially stay the same, and when prices fall, those patterns also stay the same, which is what is meant by inelastic demand. When a good or service's price changes by 1%, it signifies that the amount sought or provided will vary by less than 1%. This is referred to as being inelastic. An essential prescription would be regarded as an inelastic good, for instance, if its price rose from $200 to $202, a 1% rise, and its demand fell from 1,000 units to 995 units, a less than 1% decline.
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Which best describes gigsters business model it provides access to experienced it professionals for small?
Answers
It provides access to any number of tech-industry professionals with a variety of experience to telecommuting professionals who require IT assistance describes gigsters model.
What is Gigsters?
Users can order tech projects from Gigster to be built immediately. It was established in San Francisco, California, and was co-founded by Roger Dickey and Debo Olaosebikan. In addition to prominent angel investors and founders like Naval Ravikant of Angel List, Justin Waldron of Zynga, and Emmett Shear of Twitch, they also got seed money from Greylock Partners, Bloomberg Beta, and other sources. They were a part of the summer 2015 batch of Y-Combinator.The $10 million Series A funding round led by Andreessen Horowitz, which will be used to develop the startup's AI and machine learning technology, was announced by Gigster on December 7, 2015.Michael Jordan was a famous basketball player. The company has already garnered $32.5 million in finance as of this point.To know more about Professional for small visit:
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The law of comparative advantage implies that a nation, individual, or region should produce those economic goods for which it.
Answers
The law of comparative advantage implies that a nation, individual, or region should produce those economic goods for which it is a low opportunity cost producer.
Explain the law of comparative advantage with an example.
The capacity of an economy to produce a certain item or service at a lower opportunity cost than its trade counterparts is known as comparative advantage. It explains why businesses, nations, or people might gain from trade.
For instance, a nation that generates a lot of oil would charge a local chemical industry less for their product since it is less expensive to sell them the oil than to send it elsewhere. The chemical producer may sell their completed products for cheaper than other nations since they are paying less for the raw resources required to make chemicals. As a result, they are more competitive in the market for producing chemicals. As a result, this business has an edge over other businesses that produce chemicals.
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Researchers believe that design methodology provides ________ learning mechanisms important for converting ideas into form.
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Design methodology, according to researchers, offers certain learning mechanisms crucial for giving ideas form.
What is Design methodology?Design methodology describes the process of creating a system or approach for a certain circumstance. Nowadays, the phrase is most frequently used in connection with technological disciplines such as web design, software development, or information system design. Design approach is a component of many degree programs, particularly those in the visual and digital arts.
Finding the best solution for each design situation, whether it be in industrial design, architecture, or technology, is the key to design methodology. The importance of brainstorming in design approach is emphasized, along with the use of cooperative thinking to sort through each concept put out and find the optimal answer.
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