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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A fixed budget performance report indicates a sales variance of $20,000 favorable. the reason for the variance is?
The reason for the variance cannot be determined from the fixed budget performance report.
What is a Budget Performance Report?A budget performance report compares the period's actual revenues and costs with those projected based on the actual sales volume. It is a management report. Against put it another way, it's a report that compares actual firm performance to budgeted performance. In order to determine whether there are any significant discrepancies between the estimated budgeted figures that were established at the beginning of the period and the actual ending numbers, management prepares this report at the conclusion of an accounting/budgeting period.
This is an important tool because it enables management to examine the business divisions that are accomplishing their budgetary objectives and the divisions or regions that require development.
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Prior to the year 2002, standards governing audits were established through the ______.
Prior to the year 2002, standards governing audits were established through the AICPA. The association establishes guidelines for financial statement auditing, private practice, CPA firm quality control, business valuation, financial planning, and professional ethics. An audit can apply to a complete organization or to a specific function, process, or manufacturing step.
An audit's goal is to offer a judgement on whether AICPA or the financial statements are fairly presented in accordance with suitable accounting rules. Bank accounts, management accounts, payrolls, bank statements, invoices, and receipts are all examples of auditing evidence. Auditing evidence should be substantial, reliable, obtained from a reliable source, and relevant to the audit at hand.
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When a project manager first recognizes that a project is in trouble, one of the options available to the manager includes _____.
When a project manager first recognizes that a project is in trouble, one of the options available to the manager includes expanding the project handover date .
What is Project Management ?Each project represents a brief attempt to provide value by creating a unique good, service, or result. Every project has a beginning and an end. The team is required to follow a set of guidelines as well as a budget, timeline, and team members. The completion of any project marks its completion, as opposed to routine operations, which represent an organization's ongoing activity.
Due to the evolving nature of work as a result of technology advancements, globalisation, and other factors, work is increasingly organised around projects with teams assembled depending on the talents required for certain tasks.
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dino, an agent, received a phone call on september 29 from a consumer interested in medicare advantage plans for the new plan year. dino proceeded to verify the consumer's medicare eligibility, describe the costs and benefit coverage of the plan, and explained that he could not accept an enrollment application until october 15. what did dino do that was not compliant?
Dino presented a plan prior to Oct. 1. On September 29, Dino, an agent, received a phone contact from a consumer interested in Medicare Advantage plans for the upcoming plan year.
Consumer
A consumer is a person or group who intends to order, orders, or utilises purchased products, products, or commodities primarily for personal, social, family, or domestic requirements that are unrelated to entrepreneurial or business activity. A consumer purchases goods or services for personal use rather than resale or business objectives. Consumers spend money (or similar) for goods or services.
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Complete Question
consumed consumers are people who are used or exploited, willingly or not, for commercial gain in the marketplace. a lively red market exists for
Consumed consumers are people who are used or exploited, willingly or not, for commercial gain in the marketplace. a lively red market exists for the global market for body parts
This is further explained below.
What is total market capitalization?Generally, According to the total market capitalization of the companies that make up each index, the S&P 500 (SPX), the Dow Jones Industrial Average (DJI), and the Nasdaq Composite (IXIC) are the three biggest indices in the world. It is common practice for the name of the index to specify the total number of firms that make up the index.
In the context of a plan or endeavor to create revenue or some other kind of financial benefit, the term "commercial gain" refers to any recompense in the form of money, services, or other consideration.
In conclusion, Consumed customers are those who, whether voluntarily or not, are used or abused in the marketplace for the purpose of achieving financial advantage.
The international market for body parts is characterized by an active black market.
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concessions restrict the range of solution agreement options, but concessions broaden the bargaining range of the negotiations.
Concessions do not narrow the alternatives for reaching a settlement agreement, but also increase the negotiation's room for maneuver.
When one or more parties to a negotiation concede, yield, or compromise on matters under discussion and do so either voluntarily or reluctantly, the concessions are frequently referred to as "trade-offs." "Log rolling" is a common component of concession agreements.
Reduced concessions indicate that the sender has paid the full amount of the reservation. As a result, recipients make less aggressive counteroffers and come to inferior settlements. When concessions decline at a modest rate, these consequences are more pronounced. When more compromises are made than when fewer are, these impacts are stronger.
Making significant concessions early on in a negotiation may lead the opposite party to utilize hardball tactics or demand more concessions before he or she makes a corresponding compromise.
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a country reported nominal gdp of $115 billion in 2010 and $125 billion in 2009. it also reported a gdp deflator of 85 in 2010 and 100 in 2009. between 2009 and 2010,
When a country has reported nominal GDP of $115 billion in 2010 and $125 billion in 2009, and it also reported a GDP deflation of 85 in 2010 and 100 in 2009, then between 2009 and 2010, the price level have fallen.
What is the significance of GDP?The GDP, or Gross Domestic Product, of an economy can be referred to or considered as the end value of the total number of goods and services being produced in an economy during a given financial period.
If there is a fall or deflation in the economy due to a decrease in its nominal GDP in comparison to the levels of previous period, the price level of the goods and services produced in an economy tend to fall.
Therefore, the significance regarding GDP has been aforementioned.
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The product/market expansion grid is a tool that allows marketers to identify growth opportunities. Of the following, which represent the four components of the product/market expansion grid?.
The product/market expansion grid is a tool that allows marketers to identify growth opportunities. Market penetration, market development, product development, and diversification are the ones that represent the four components of the product/market expansion grid.
A market product grid is also termed an Ansoff Matrix or a product-market type expansion grid which is used as a tool that business firms used for the development of growth strategy. Market product grid is established for considering new as well as existing markets also new and existing products as well as the risks to be encountered in each possible relationship.
The Product Market Expansion Grid consists of four main suggested strategies which include Product Development, Diversification, Market Penetration, and Market Development.
A Market Expansion strategy is a special kind of strategic approach that helps the growth of companies when they are already expanded in their existing channels as far as possible. The primary focus of the strategy is to ensure that all of the particular current markets are fulfilled already and are satisfied with the products as well as the services which are presented for the strategy of market expansion.
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Which stage of the decision-making process involves predicting the possible consequences of each of the various options?
Deliberation is the stage of the decision-making process that involves predicting the possible consequences of each of the various options.
What do you mean by Deliberation?Prior to voting, there is a process called deliberation where possibilities are carefully considered. Instead of focusing on power struggles, creativity, or dialogue, deliberation emphasizes the application of logic and reason. After consideration, group decisions are typically reached by consensus or vote among the participants.
Due to the precise options—like guilty or not guilty—as well as the evidence and arguments to consider, juries frequently deliberate in legal settings. The goal of "deliberative democracy" is for voters and elected officials to base their decisions on discussion rather than power struggles.
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consider each argument for limiting international trade: the national security argument suggests that national security requires that strategically important goods be produced domestically. the infant industry argument suggests that protection can help infant industries develop. the unfair competition argument suggests that anti‑dumping laws prevent unfair competition. the fair standards argument suggests that trade should not enable firms to skirt regulations.
International trade, financial transactions which might be made between international locations. a number of the objects typically traded are purchaser goods, which include tv sets and clothing; capital items, consisting of equipment; and raw substances and meals.
Basic of global trade. a country makes a specialty of a particular commodity due to mobility, productiveness, and different endowments of economic resources. This stimulates a country to move toward global trade. the basis of worldwide change lies in the variety of monetary sources in one-of-a-kind nations.
International trade monetary increase, performance, technological progress, and what in the end subjects the most, client welfare. through decreasing fees and increasing product variety available to clients, change especially blessings center- and lower-income families.
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how many discount points will a lender charge the borrower if they want a 15% loan and the current rate is 15.75%?
6 discount points will a lender charge the borrower if they want a 15% loan and the current rate is 15.75%.
What is Mortgage borrowers?Mortgage debtors can acquire discount points, a sort of prepaid interest or fee, to reduce the amount of interest on their incoming monthly payments. In essence, they spend more now in order to save later. Tax deductions are allowed for discount points.
Mortgage debtors can acquire discount points, a form of prepaid interest, to lower the interest rate on their upcoming monthly payments. When a mortgage is first set up or refinanced, the upfront cost of discount points is paid.
Thus, 6 discount points.
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A cost incurred to produce or purchase two or more products at the same time is a(n):_________
A cost incurred to produce or purchase two or more products at the same time is a controllable Cost.
Controllable charges are the ones over which the enterprise has complete authority. Such expenses consist of advertising budgets and exertions expenses. by contrast, non-controllable expenses are people who a organisation cannot exchange, together with hire and insurance. it's far important for management to recognize the differences between these value kinds.
The controllable cost are the prices that may be managed and changed within the brief-time period horizon based on commercial enterprise requirements and wishes.
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Net working capital will be negative when current assets ______ current liabilities.
Net working capital will be negative when current assets are less than current liabilities. Current liabilities are the short-term financial commitments of a corporation that are due within a year or during a normal operational cycle.
An operating cycle, also known as the cash conversion cycle, is the amount of time it takes for a business to purchase inventory and convert it to cash from sales. Money owing to suppliers in the form of accounts payable is an example of a current liability. Current liabilities are usually settled using current assets, which are assets that are depleted within a year.
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When an employee works in year 1 but is paid in year 2, the company must recognize an expense in years) ______.
When an employee works in year 1 but is paid in year 2, the company must recognize an expense in years 1 only.
An expense is the monetary value of tasks that an organization causes to create income. As the well-known saying goes, "it costs cash to bring in cash.
Normal expenses incorporate installments to providers, worker compensation, manufacturing plant leases, and hardware devaluation.
Organizations are permitted to discount charge deductible costs on their annual government forms to bring down their available pay and hence their assessment obligation.
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People in the real estate business who primarily focus on creating new properties are?
The answer is Developers.
Who is a real estate developer?
A person, company, or other organization that develops undeveloped land or redevelops existing locations is known as a real estate developer.
Developers of real estate have two options: they either work on their own dime or charge a fee. Developers are entrepreneurs since they work in the private sector.
In situations where the community's specific demands are not being met by the commercial sector, developers can also be public agencies, nonprofits, or other institutions.
Real estate developers build buildings that meet societal needs and represent their local communities. This means that in the private sector, developers start their own businesses to meet the demand for a specific kind of area, structure, community, etc
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blake eats two bags of potato chips each day. when blake's hourly wage increases from $8 to $15, he decides to stop eating generic potato chips and starts eating a name brand potato chip. use the midpoint method to calculate blake's income elasticity of demand for generic potato chips. round your answer to two decimal places.
Blake's income elasticity of demand for generic potato chips will be E = 1.09
The degree of demand's elasticity to changes in income is measured.
Elasticity of Income's formula is as follows:
Thus, we now have:
D_0 = 2
D_1 = 1
I_0 = 8
I_1 = 15
Elasticity (E) is now:
E = [(1-2)/(1+2)]/[(15-8)/(15+8)]
E = [1/3]/[7/23]
E = 1.09
The definition of income elasticity of demand states that it is the elasticity of demand brought on by changes in the consumers' income. The ratio of the percent change in the quantity demanded to the percent change in income is used to express it. It is described mathematically by the income elasticity of the demand formula.
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What type of financial planning focuses on issues such as paying your monthly rent, paying tuition and fees, and cost of food, while still having some funds to use for entertainment, rest and relaxation?.
Personal finance is a term that covers your money management as well as saving and investing. These contain the budget, banking, insurance, mortgage, investments and retirement, tax, and estate planning. The term often directs to the entire industry that delivers financial services to people and homes and recommends financial and investment options.
Personal dreams and wishes - and plan to fulfill those essentials in your financial obstacle - also influence how you get the above. In order to use your earnings and savings most, it is necessary to be economical. Personal finance helps you learn the difference between good and bad suggestions and make intelligent financial conclusions.
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What defines how departments work together to meet the service level requirements documented in an sla ?
A service-level agreement (SLA) refers to the service performance as the measured on the different level as the checked the customer preferences.
What is service?
The term “service” refers to repairing the items and the object. The services are provided by someone who is an expert at repairing the items in exchange for the money.
The term SLA refer to the service-level agreement to define the different level of the services as the customer expectation to the supplier. The service's performance is too measured.
As a result, the departments work together to meet the service level requirements to measure.
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your skills, knowledge, and actions add value to your organizational goals (department and company). in today’s ever-changing workplace what actions are you taking to stay abreast of your organizational changes and stand out from the others? write one thing about your current work style that you might change in order to be more effective in your current or desired position? why? post a response to two classmates’ discussion posts. provide detailed examples and feedback.
Businesses will continuously identify and cultivate new business ideas and prospects with the support of their ability to accept change. Any business can advance into new domains brought about by the new ways of functioning by having excellent change strategies.
What exactly is the workplace changing?Change at work is anything that interferes with established work practices, team members, job roles, or particular job responsibilities. Here are a few instances of change you could encounter at work:
You and your team must adjust to a new manager when your current one is promoted or quits the organization. The new manager may have a different management style and set of expectations.new employee: If your team hires a new member, you should give them some time to get to know you and assist them in adjusting to their new position.New role: When a department is reorganized or someone is internally promoted in your company, new positions are createdTo know more about Workplace changes, visit: https://brainly.com/question/17215125
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According to the theory of public choice, the employees of and employees of should act differently because?
The Right response is Option D
D) The incentives facing them are different.
Public choice, often known as public choice theory, is "the application of economic instruments to classic political science issues." Its topics cover political behaviour research.
According to the Public Choice Theory, individual, self-interested public policy actors who function as civil servants or elected politicians make decisions that affect the government.
What distinguishes social choice from public choice?Compared to studies labelled "public choice," social choice tends to be more theoretical and quantitative. 2. While publications identifying themselves as social choice are more likely to be normative, papers describing themselves as public choice tend to focus more on the positive study of political institutions and processes.To learn more about Public Choice Theory, Click the links
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Correct Question - .According to the theory of public choice, the employees of Kodak and employees of the State of Washington should act differently because
A. public employees act to maximize collective welfare rather than individual welfare.
B. private employees are motivated only by money.
C. public employees cannot be fired while private employees can.
D. the incentives facing them are different.
The specification for uml (unified modeling language) is maintained by the object management guild. True or false
False. The specification for uml (unified modeling language) is not maintained by the object management guild.
Unified Modeling Language
In the realm of software engineering, the Unified Modeling Language (UML) is a general-purpose, developmental modelling language that aims to offer a standardised method for visualising system architecture.
The initial driving force behind the development of UML was the desire to standardise the many notational frameworks and software design methodologies. Rational Software worked on it from 1994 to 1995, and they continued to lead the development until 1996.
The Object Management Group approved UML as a standard in 1997, and it has been run by this group ever since. The International Organization for Standardization (ISO) issued UML in 2005 as a recognised ISO standard. Since then, the standard has gone through frequent revisions to reflect the most recent UML revision.
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An employee that has unpaid bills might exhibit the following fraud factor: multiple choice question.
a. rationalization
b. pressure
c. opportunity
rawlco communications operates 15 radio stations. the following events occurred during september. 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.
Journal entries are entered after a transaction or an event takes place in a company.
For ordering office supplies neither a transaction nor an event took place so journal entry is not recorded.
Similarly all the transactions/events are explained below
Find the Journal entries in the attachment.
Explanation for Each transaction
a. For placing the order no entry is recorded as the delivery will be later in the month
b. We purchased equipment part in cash(10,000) remaining through a promissory note to be paid in 1 month(20,000)
c. Deposited 5000 cash in the bank for promissory note
d. No entry for hiring a new manager
e. Received cash for issue of share which means increase in capital by 10,000
f. Supplies which were ordered previously are delivered amounting 2,000 with a bill
Important information is recorded in journal entries, including how much was credited and debited, when, and from which accounts. In the end, each journal entry is submitted to the general ledger and corresponds to a single distinct business transaction.
The accuracy—or lack thereof—of the data entered at this level has an impact on the veracity of all financial reports.
Journal entries describe how transactions influence accounts and balances and serve as a simple record of all transactions that a business makes.
The information in journal entries, which come in a variety of formats to suit corporate requirements, serves as the foundation for all financial reporting.
For instance, adjusting journal entries are used to accumulate or delay revenue and expenses, alter or rectify earlier entries, or forecast non-cash events like allowances for written-off debt.
Your answer is incomplete. Kindly find the missing content below:
Prepare Journal Entries to record each transaction
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what is generally true about management theories that are used to build organizations and guide them to their goals?
Management theories are concepts surrounding recommended management strategies, which can include tools such as frameworks and guidelines that can be implemented in modern organizations. Generally, professionals won't rely solely on one management theory alone, but instead, introduce several concepts from different management theories that best suit their workforce and company culture.
Until the day that machines are ready to think, talk, and knowledge emotions, humans will remain the foremost complicated beings to manage. Management theories can never achieve the type of error-free performance that machines provide. On the upside, there are plenty of things that machines aren’t capable of doing, making humans indispensable assets. For such reason, proper management is one of the most crucial things for an organization.
For an extended time, theorists are researching the most suitable forms of management for different work settings. this is often where management theories come into play.
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Oxley company has total variable costs of $120,000 if 15,000 units are produced. the relevant range is 10,000 units to 20,000 units. if 20,000 units are produced, variable costs are?
Variable fees are $8 per unit. Variable expenses are expenses that trade as the extent of the exact or carrier that a commercial enterprise produces changes.
Variable costs are the sum of marginal prices over all gadgets produced. They can additionally be regarded everyday costs. Fixed prices and variable prices make up the two factors of whole cost.
What are examples of variables costs?Variable costs are charges that exchange as the volume changes. Examples of variable expenses are raw materials, piece-rate labor, production supplies, commissions, transport costs, packaging supplies, and savings card fees. In some accounting statements, the Variable charges of manufacturing are referred to as the “Cost of Goods Sold.”
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https://brainly.com/question/5965421#SPJ4the norwegian kroner:usd exchange rate is 10:1 while the norwegian kroner:euro rate is 12:1. if you start with 1,000,000 euros, how many usd will you have, using these exchange rates
The norwegian kroner:euro rate is 12:1, 1,000,000 euros will be 83,334, norwegian kroner in usd the ratio is 10:1 so the money after facing the exchange rate will be 8333.4 usd.
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The price of one country's currency/money in relation to another country's currency is known as the exchange rate. When nations employ gold or another accepted standard, and each currency is worth a particular amount of the metal or other standard, the exchange rate is "fixed."
The economic activity, the market interest rates, gdp, and unemployment rate in each of the countries are frequently used to calculate how much one currency will swap for another (value of money). They are established in the global financial market and are frequently referred to as market exchange rates.
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______ has a forward capital, a capital city that was moved to better serve or protect the country's interests.
Belmopan has a forward capital, a capital city that was moved to serve better or protect the country's interests.
Belmopan is the capital of Belize. The population in 2010 was 16,451 people. Besides being the smallest capital of the continental Americas in terms of population, Belmopan is the third largest settlement in Belize, after Belize City and San Ignacio.
Belmopan is a short drive from the Mountain Pine Forest Reserve, home to Central America's tallest waterfalls. Belmopan is also home to a community center, a large library, and the George Price Center for Peace and Development, named after the country's first Prime Minister.
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a. will the mc curve shift up or down? (click to select) b. will the optimal amount of pizza increase or decrease? (click to select)
Because cheese is an ingredient in pizza. So, if the price of cheese reduces, we may anticipate the price of pizzas to decline as well, because it is now cheaper to create.
As a result, the marginal cost curve shifts downward since the cost of creating pizza is lower than previously.
Will the optimal amount of pizza increase or decrease?As the MC curve swings to the right / downward, the number of pizzas increases. As demonstrated in the graph above, MC shifts to the right and quantity increases.
What is a Marginal Cost Curve?A graph that depicts the relationship between a firm's marginal cost in the short-run product of a thing or service and the quantity of output generated.
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rory approached her job interview with incredible optimism. her father had worked for the same company, and she had very warm feelings towards it
Rory approached her job interview with incredible optimism. Her father had worked for the same company, and she had very warm feelings towards it affective.
What is job?
The term "job" refers to being employed by a particular company. A job is also the amount of money that a company pays its employees. The job creates an opportunity to build a career.
Rory has been invited to a job interview. Her father had previously worked for the same firm. She was affective and had warm feelings for her father or the company.
As a result, Rory has feeling affective for her job.
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a profit-sharing plan allows employees to participate in the earnings of their employer. this type of plan may be irs qualified, making it eligible for the same tax treatment as other types of pension plans. some companies may offer a profit-sharing program that invests heavily in .
A profit-sharing plan accepts discretionary employer contributions. There is no set amount that the law requires you to contribute.
If you do make contributions, you will need to have a set formula for determining how the contributions are divided. This money goes into a separate account for each employee.
the employer calculates the sum of all of its employees' compensation To determine each employee's allocation of the employer's contribution, you divide the employee's compensation by the total comp.
If you establish a profit-sharing plan, you:
Can have other retirement plansCan be a business of any sizeNeed to annually file a Form 5500business does not need profits to make contributions to a profit-sharing plan.
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