The price of steel and aluminum increased.
Aluminum (aluminum in American and Canadian English) is a chemical element with the symbol Al and atomic number 13. Al includes a density not up to those of alternative common metals, at close to one-third that of steel. it's an excellent affinity towards oxygen and forms a protecting layer of oxide on the surface once exposed to air. Al visually resembles silver, each in its color and in its great ability to replicate light. it's soft, non-magnetic, and ductile. it's one stable atom, 27Al; this isotope is incredibly common, creating aluminum the twelfth most typical element within the Universe.
Chemically, aluminum is a post-transition metal in the boron group; as is common for the group, aluminum forms compounds primarily in the +3 oxidation state. The aluminum cation Al3+ is little and extremely charged; as such, its polarizing, and bonds aluminum forms tend towards covalency.
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condominiums usually require a monthly fee for various services. at $295 a month, how much would a homeowner pay over a 10-year period for living in this housing facility?
seeking long-term solutions and taking place over or involving a considerable amount of time.
A homeowner pay over a 10-year period for living in this housing facility is $ 35400.
How many years is short term?Short, medium, and long terms are the most prevalent. Although the term isn't always used to refer to a specific period of time, many people think of short-term as anything under two years, medium-term as anything between two and ten years, and long-term as anything over ten years.seeking long-term solutions and taking place over or involving a considerable amount of time.pertaining to, or making up, a financial transaction or obligation with a long term, especially one that is a bond with a maturity of over ten years.a monthly fee for various services = $ 295
a homeowner pay over a 10-year period = 295 x 12 x 10
= $ 35400
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Why do economists believe that market‑based strategies are more likely to achieve efficient pollution abatement than regulatory agencies?.
Firms will look for low-cost solutions to maximize profits, and acting on price signals will more likely result in an efficient result.
According to economists, when developing environmental rules, officials should consider market principles. Instruments based on the market incentivize behavior through market signals rather than through direct orders to reduce pollution.
The General Assembly issued an immediate call. UN: To suggest long-term environmental solutions for attaining sustainable development. Based on their potential to cause global warming, greenhouse gases other than carbon dioxide are priced in terms of their carbon dioxide equivalents.
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if a foreign trade policy of a country states that multinational companies can enter its market only by merging with a local business partner, this would represent which environmental force?
If a foreign trade policy of a country states that multinational companies can enter its market only by merging with a local business partner, this would represent political environmental force.
New players (businesses needing foreign intermediaries for their production processes) are joining traditional free trade enthusiasts (exporters wanting market access in foreign countries) in their lobbying efforts for trade liberalization. Due to their significant engagement in global commerce and wealth of resources that may be used to influence political legislators, multinational companies (MNCs) play a significant role in this new alliance.
A framework for growing exports of products and services, creating jobs, and raising value addition inside the nation is provided by the foreign trade policy. It aims to promote both the manufacturing and services sectors, with a focus on enhancing business accessibility. As a result, multinational companies actively shape the intricate interdependencies that define the current global political economy.
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you recently won a lottery and have the option of receiving one of the following three prizes: (1) $64,000 cash immediately, (2) $20,000 cash immediately and a six-year annual annuity of $8,000 beginning one year from today, or (3) a six-year annual annuity of $13,000 beginning one year from today. assuming an interest rate of 6% compounded annually, determine the present value for the above options. which option should you choose? a company wants to accumulate a sum of money to repay certain debts due in the future. the company will make annual deposits of $100,000 into a special bank account at the end of each of 10 years. assuming the bank account pays 7% interest compounded annually, what will be the fund balance after the last payment is made in ten years?
Interest rate - The fund balance after the last payment is made in ten years - 1381645
What is interest rate?
The interest rate is indeed the sum charged by a lender to a borrower and is expressed in terms of the principal—the sum loaned. The annual interest rate is the term used to describe the rate of interest on a loan (APR). An interest rate can also be used to the amount earned from a savings account or fixed deposit at a bank or credit union (CD). The income generated on these deposit accounts is referred to as the annual percentage yield (APY). Interest is essentially a fee levied against the borrower for using an asset. Borrowed assets might include cash, consumer goods, cars, and real estate. As a result, an interest rate can be considered the "cost of money" - higher rates make lending the same amount of cash more expensive.
2. Debt due date = December 31, 2030
Payment will begin on December 31, 2021, and will end on December 31, 2030.
Total number of payments = ten
Future annuity value = monthly payment*[(1+i/m)(m*n)-1]/ (i)
Where the periodic payment equals $100,000
I = 7% (interest rate)
annual compounding (m) = 1
number of payments = 10
enter all of the values into the formula
100000*[(1+0.07)10 - 1]/ Future value (0.07)
= 100000*(1.967 - 1)/(0.07) (0.07)
= 100000*0.967/0.07
= 96715.136/0.07
= 1381644.8
or 1381645
The fund balance on December 31, 2030, following the last instalment.
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brittany is traveling in germany and went to a bank to convert $200 into euros. she was concerned when she received fewer euros than she had last week when she converted the same amount of money. the teller explained that the money had been converted based on the rate that was available today for currency exchange and this rate fluctuates. what type of rate is being used in this transaction?
The rate being used is the spot exchange rate.
The spot exchange is the current exchange rate between two currencies is a spot rate in foreign exchange. It is the price that must be paid in order to finalise a currency exchange immediately. The spot exchange rate is determined by the forex market, and some nations actively control or influence this rate through tools like currency pegs. Trading opportunities in the spot market and futures, forward, and options markets are found by currency traders by monitoring spot rates.
In the given case the amount was converted at the given rate at that time. It was the price that Brittany would have paid in one currency to buy another currency at that time. This is why the deviation came in the total amount during currency exchange.
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rtf, inc. common stock pays an annual dividend that increases by 4.4% annually. the expected rate of return on this stock is 8.2%. what is the dividend yield?
The yearly dividend paid by RTF Inc. common stock increases by 4.4% annually, and its predicted rate of return is 8.2%. Hence, the dividend yield is 3.8%.
What is a dividend yield ?The dividend yield, which is expressed as a percentage and is a financial ratio (dividend/price), shows how much a company pays in dividends each year in comparison to the price of its stock.
Price/Dividend, often known as the dividend payout ratio, is the counterpart of dividend yield.
A stock investment's projected return on dividends only is represented by the dividend yield. If the dividend is not increased or cut, the yield will rise as the price of the stock falls. In the reverse situation, it will fall as the stock price rises. Dividend yields can appear excessively high for stocks that are declining quickly because they fluctuate in relation to stock prices.
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you must decline an employee's request to telecommute three days per week. which of the following is the best explanation for the refusal? a. our current company policy does not allow telecommuting. b. your daily presence in the office is important to ensure regular customer contact. c. unfortunately, we cannot afford the expenses associated with telecommuting. d. your work standards cannot be relied upon unless we are able to observe you at the office.
In order to decline an employee's request to telecommute three days per week, the best refusal explanation that you can give is b. your daily presence in the office is important to ensure regular customer contact.
Although telecommunication makes the process of dealing with customers easy through virtual contact, however, customers are more likely to seal a deal through regular customer contact.
Telecommunication should only be used in cases when you cannot manage to come to the office or deal with customers due to an emergency. Other than that, in order to make sales, regular customer contact is important.
Hence, in the scenario based above, you can refuse an employee from telecommunication by telling him that presence in the office is necessary for customer contact.
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The process through which the union and management negotiate pay, benefits and other work terms is _____.
The process through which the union and management negotiate pay, benefits and other work terms is Collective bargaining.
What is Collective bargaining?Collective bargaining refers to a method of negotiating where the entire number of employees or at the very least, a significant number, are negotiated for by a single body such as a Trade or Labor Union. It is called collective bargaining because the employees are collectively negotiated for by one body.
The main benefit of Collective bargaining is that the Unions are able to negotiate from a stronger position with management. This is because if they told their clients (employees) to stop working, it could severely affect operations. As a result, the unions are able to use Collective bargaining to negotiate higher pay, benefits, and any other work terms needed.
In conclusion, the negotiation by Unions and management is known as collective bargaining.
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Medicare and social security are mandatory spending categories funded by which type of taxes that are withheld from your paycheck?.
Medicare and social security are mandatory spending categories funded by payroll taxes which are withheld from paycheck. Payroll taxes are also known as FICA taxes. (FICA means Federal Insurance Contributions Act.)
Thus, a labor's Social Security payments are mostly based on how much they contributed to the system through payroll taxes. Take note, too, that the employee and employer share this tax.
The Social Security Act is a law that deals with the issues as well as the vulnerability of financial stability of the people who aged. And actually, it was only implemented during 1930s! It has basically evolved through time to include a wide range of initiatives for all the qualified workers and their families.
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union local school district has a bond outstanding with a coupon rate of 3.5 percent paid semiannually and 13 years to maturity. the yield to maturity on this bond is 2.5 percent, and the bond has a par value of $10,000. what is the dollar price of the bond? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Bond Price is the addition of the current values of all anticipated money flows from the time of purchase till maturity. To make the bond worth, the expected money flows area unit discounted victimization of the bond yield, that is, the required rate of coming by the bondholders.
The correct answer is $10718.63.
Bond Price = C x (1-(1+r)-n/r) + F/(1+r)n
=$10000 x(1-(1+0.035)-13/0.035) + $10000/(1+0.035)13
=$10718.63
F is the bond's face worth or face value, and r is its yield to maturity (YTM).
n is the range of periods till maturity.
If you buy a bond promptly, its face worth will be its worth, and its yield will be adequate for its coupon rate. Alternatively, if you buy a bond with a three-year charge per unit of I Chronicles, you may receive simply that.
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amazon expanded its single-product business by leveraging spare capacity into cloud computing and by offering its kindle line of tablet computers and echo line of digital assistants. this is an example of
Amazon expanded its single-product business by leveraging spare capacity into cloud computing and by offering its kindle line of tablet computers and echo line of digital assistants. This is an example of related linked diversification.
What is related to linked diversification?Related, linked diversification is described as a form of diversification strategy. In this strategy, a company will have one-to-one relationships with the various components. This means that the company earns 70 percent of its revenue from its dominant businesses, and the businesses have no common links.
Amazon has its biggest e-commerce business. However, it earns the majority of its revenue from cloud computing. This is a classic example of related linked diversification, in which the products have no common links between the different business types carried out by Amazon.
It can be concluded that Amazon expanded its single-product business by leveraging spare capacity into cloud computing and by offering its kindle line of tablet computers and echo line of digital assistants. This is an example of related linked diversification.
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what accounting treatment applies when a parent sells some of its subsidiary's shares, but nonetheless retains control over the subsidiary? multiple select question. the parent recognizes any difference between the proceeds and the underlying carrying amount of the shares sold as an adjustment to apic. the sale of the subsidiary shares is considered a transaction within the consolidated entity. the parent recognizes in its current year income statement either a gain or loss on the subsidiary shares sold.
The parent recognizes any difference between the proceeds and the underlying carrying amount of the shares sold as an adjustment to apic and the sale of the subsidiary shares is considered a transaction within the consolidated entity are the accounting treatment applies when a parent sells some of its subsidiary's shares, but nonetheless retains control over the subsidiary.
Therefore, the correct option is A &B.
A parent derecognizes the assets and liabilities of a former subsidiary from the consolidated statement of financial position if the parent no longer has control over the subsidiary. In order to account for the group's purchase of subsidiaries, the acquisition technique of accounting is utilized. The cost of an acquisition is calculated as the fair value of the assets transferred, equity securities issued, and obligations incurred or taken at the date of exchange.
When a parent company makes an "investment" in a subsidiary, it records it as an asset. The subsidiary, meanwhile, records the corresponding equity as equity on its own books. In order to avoid overstating the sums when the firms are combined, an elimination entry must be created to remove these amounts.
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a company using the periodic inventory system has the following account balances: inventory (beginning of the year), $3,874; freight-in, $608; purchases, $14,424; purchases returns and allowances, $2,521; purchases discounts, $250. the cost of merchandise purchased is
With initial purchase cost of $14,424, freight: $608, returns and allowances: $2,521 and discount: $250, the net cost of merchandise purchased is $12,261
Net cost of merchandise purchased = initial purchase cost + freight - returns and allowances - discount.
The inventory is not included in the calculation of the cost of goods purchased.
Data from the problem:
initial purchase cost = $14,424
freight-in = $608
return and allowances = $2,521
discount = $250
Hence,
Net cost of merchandise purchased =$14,424 + $608 - $2,521 - $250
Net cost of merchandise purchased =$12,261
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reba wishes to know how much would be in her investment account in five years if she deposits a given sum in an account that earns 6% interest compounding monthly. she should use a calculation involving the:
If reba wishes to know how much would be in her investment account in five years if she deposits a given sum in an account that earns 6% interest compounding monthly. she should use a calculation involving the: future value of 1.
What is future value?
Future value can be used to determine or forecast what the value of an assets will be in the future.
Future value is often determine by making a future value formula
FV=PV(1+i)n
Where:
FV = Future value
PV = Present value
i= Interest rate
n= Number of years.
Therefore we can conclude that she should make use of future value of 1 for her calculation.
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jack invests $1000 at a certain annual interest rate, and he invests another $3000 at an annual rate that is one-half percent higher. if he receives a total of $135 interest in 1 year, at what rate is the $1000 invested?
The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing took place. The interest rate over a year is known as the annual interest rate.
Explain about the annual interest rate?The annual interest produced by a sum that is paid to investors or charged to borrowers is referred to as the annual percentage rate (APR). APR is a percentage that expresses the actual annual cost of borrowing money throughout the course of a loan or the revenue from an investment.
The calculations and formula are as follows: Effective yearly interest rate = (nominal rate / number of compounding periods) - 1 + (number of compounding periods) - (number of compounding periods) - 1. This would be: 10.47% = (1 + 10% / 12)) 12 - 1 for investment A. It would be as follows for investment B: 10.36% = (1 + (10.1% / 2)) 2 - 1.
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a company with outstanding convertible bonds will need to adjust the denominator of the diluted eps equation. if the bonds are outstanding all year, the adjustment will consist of the .
A company with outstanding convertible bonds will need to adjust , if bonds are outstanding all year , the adjustment consists of conversion ratio times the number of bonds outstanding
What Is Diluted Earnings per Share( Diluted EPS)?
Diluted EPS is a computation used to calculate the quality of a company's earnings per share( EPS) if all convertible securities were exercised. Convertible securities are all outstanding convertible favored shares, convertible debentures, stock options, and clearances. The diluted EPS will generally be lower than the simple or introductory EPS but in the delicate case that there are anti-dilutive defenses it may be advanced.
EPS Significance :Earnings per share, the value of earnings per share of outstanding common stock, is a veritably significant measure to impose a company's fiscal health. When recounting fiscal results, profit and EPS are the two most generally assessed criteria .
EPS is reported on a company's income statement, and only public companies are needed to report it. In their earnings reports, companies report both immediate and diluted EPS, but the focus is generally on the further understated adulterated EPS measure. Dilutive EPS is considered a understated metric because it indicates a worst- case script in terms of EPS.
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medwig corporation has a dso of 41 days. the company averages $6,750 in sales each day (all customers take credit). what is the company's average accounts receivable? assume a 365-day year. round your answer to the nearest dollar.
The average accounts receivable is determined by dividing by two the total starting and ending receivables for a predetermined time period (often monthly, quarterly, or annually). The accounts receivable turnover ratio is a tool used in financial modelling to forecast balance sheets.
Explain about the average accounts receivable?High or increasing percentages are a sign that the revenue cycle management in your practice may need some work. Less than 12% is preferred, however the number of receivables older than 120 days should range between 12% to 25%.
Companies should aim for a ratio of at least 1.0 to ensure they collect the whole amount of average accounts receivable at least once during a period. In general, a greater accounts receivable turnover ratio is advantageous.
Average receivables are calculated by dividing the total beginning and ending receivables over a given period of time (such as monthly or quarterly) by 2.
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A share of stock with a beta of 0. 75 currently sells for $50. Investors expect the stock to pay a year-end dividend of $2. The 1 year t-bill currently sells for $961. 54, and the historic return on the market is 11%, the historic risk free rate is 4%. If the stock is perceived to be fairly priced today, what must be investors’ expectation of the price of the stock at the end of the year?.
Expected price next year = $62.58
Beta is 0.75, PO is $50, D1 is $2, RF is 11%, and RM is 4%.
Where,
Expected Dividend = D
Po = Price as of today.
Risk-free Rate is Rf.
Market risk premium is Rm.
g = rate of growth
Equity cost is Rf plus beta minus Rm.
Equity cost is 11% plus 0.75 and 4%.
Equity cost = 3.33%
Making use of the Dividend Discount Model to Estimate Growth Rate
(D1/P0) + g = ke
(2/50) + g = 3.33%
0.04 + g= 3.33%
g = 3%
Expected price for the following year = $2*1.033/ (0.03-0.033)
Expected price next year = $62.58
What is Expected price?
As its name suggests, predicted price level is a forecast that takes into account accurate evaluation of pertinent economic data to foretell what will happen with those goods and services in the future. Making changes to this level when new information becomes available is essential because unknowable factors may become real over time.
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studying macroeconomics helps us learn about the value and limitations of , which occurs across nations, typically involving foreign exchange transactions. a.) business cycles b.) economic indicators c.) global trade d.) fiscal policy
Studying macroeconomics helps us learn about the value and limitations of , c.) global trade occurs across nations, typically involving foreign exchange transactions.
Macroeconomics is a department of economics managing performance, structure, conduct, and decision-making of an economy as an entire. for instance, using interest costs, taxes, and authorities spending to regulate an economy’s growth and stability. This includes local, countrywide, and global economies.
Microeconomics has applications in trade, commercial employer and market shape, exertions economics, public finance, and welfare economics. Macroeconomics is the have a look at of the choices of nations and governments. The time period analyzes whole industries and economics instead of individuals or particular organizations.
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a machine is purchased on september 30, 2024, for $60,000. useful life is estimated at four years and no residual value is anticipated. the double-declining-balance depreciation method is used. depreciation expense for 2025 should be:
One of the two accelerated depreciation methods is the declining balance method, which employs a depreciation rate that is at least a multiple of the straight-line method rate.
A type of declining balance method that employs double the normal depreciation rate is the double-declining balance (DDB) method.
The Double-Declining Balance (DDB) Depreciation Method: What Is It?
One of the two common approaches businesses take to account for the cost of a long-lived asset is the double-declining balance depreciation (DDB) method, also known as the reducing balance method. When compared to straight-line depreciation, which uses the same amount of depreciation each year over an asset's useful life, the double-declining balance depreciation method is an accelerated depreciation method that counts as an expense more quickly. Essentially, contrasted with the standard declining balance strategy, the twofold declining technique devalues resources two times as fast.
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you have hired ten new temporary employees to be with the company for three months.how can you make sure that these users can only log on during regular business hours?
To disable an account after a particular date, configure account expiration. To lock accounts automatically after a predetermined number of failed password attempts, use the account lockout settings in Group Policy.
Describe configurationThe definition of configuration in the context of computers and technology is the organization of the IT system's hardware and software. You have more control over the devices on your network thanks to the management of the components, settings, and other factors that guarantee the smooth operation of all IT systems.
Two of the main issues surrounding the requirement for a properly configured technology infrastructure are function and performance. Along with the safety and security of your company's data, reliability is a factor. Devices that are initially configured correctly can spare you trouble in future technology audits.
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when is a currency said to be externally convertible? multiple choice when only nonresidents can convert it into a foreign currency without any limitations. when both residents and nonresidents can purchase unlimited amounts of a foreign currency. when neither residents nor nonresidents are allowed to convert it into a foreign currency. when only residents can convert it into a foreign currency.
Only nonresidents can convert it into a foreign currency without any limitations.
The answer is option A.
A convertible currency is any nation's prison smooth that may be without difficulty offered or offered at the foreign exchange market with little to no restrictions.
Convertible foreign money is an extraordinarily liquid instrument compared with currencies that might be tightly controlled through a central authority's important bank or other regulating authority.
Non-convertible forex is one this is used broadly speaking for home transactions and isn't always brazenly traded within the foreign exchange (FX) marketplace.
This is generally the end result of government regulations, which prevent it from being exchanged for overseas currencies.
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when combining scores, which method is the best choice for when candidates must possess a minimum level of certain characteristics or talents? compensatory approach multiple hurdles rolling admissions situational interview
The best choice for when candidates must possess a minimum level of certain characteristics or talents is a compensatory approach and multiple hurdles.
What are the compensatory approach and multiple hurdles?The validity of the candidate's evaluation is increased by utilizing many predictors, as is typically the case, thus the candidate's scores must be meaningfully integrated to determine an overall score that can be compared to other applicants or to a minimal hiring criterion.
Assessment results can be combined in two ways: multiple hurdles and compensatory approaches.
Multiple hurdles - Multiple hurdle method in personnel selection refers to a strategy where job candidates must successfully complete each of a set of assessment tools (such as exams and inventories) before being considered for the next instrument.
Compensatory approaches - Compensatory techniques let people execute things in a different way or with the use of adapted equipment so they may be more autonomous. Compensatory methods aid in the learning of new skills.
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What is the term for the removal or relaxation of the rules affecting businesses within certain industries?.
Deregulation is the term for the removal or relaxation of the rules affecting businesses within certain industries.
Deregulation, typically in the economic arena, is the process of abolishing or lowering state restrictions. It is the abolition of economic regulation by the government.
In an advanced industrial economy, deregulation refers to the act of eliminating current industry-specific restrictions. By getting rid of ineffective legislation, the government has less influence over certain industries, which gives companies greater freedom to operate on the global market.
An illustration of deregulation in the banking sector:
It made it possible for banks to invest their money in securities and compete with rivals on a global scale without being constrained by restrictions. The removal of the Glass-Steagall Act in 1999 led to the deregulation of banks in the United States.
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if price is $40 and the firm produces the optimal level of output in this period, what is likely to occur next period? a. the firm will increase output. b. price will fall. c. firms will exit the market. d. b and c. e. all of the above.
The firm will increase the output production.
A rightward shift in demand would increase the quantity demanded at all prices compared to the original demand curve.
Production is the making technique – it is wherein the uncooked substances and additives are converted right into a product. Output is the result of production – it usually refers to how an awful lot is produced.
Output in economics is the "amount of goods or services produced in a given term, through a firm, industry, or u . s .", whether consumed or used for further manufacturing. The idea of countrywide output is essential inside the field of macroeconomics.
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what happens to market equilibrium quantity and price if supply increases and demand remains the same? (pick 2) a quantity increases b price increases c quantity decreases d price decreases g
Quantity increases and price decline when market equilibrium quantity and price if supply increases and demand remains the same.
What happens to the market's equilibrium as supply and demand rise?
The output and equilibrium price will both shift in the same direction in response to changes in demand. The equilibrium price and quantity of a good will fall as demand declines. When demand declines, there is an excess supply at the beginning price. When there is an abundance of a good, the price will drop as a result, and as the price drops, producers will be less motivated to create it. A rise in demand will result in an increase in a good's equilibrium price and supply. As demand rises, excess demand emerges at the starting price.The price will increase due to excessive demand, and as the price increases, producers are ready to sell more .
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which principles of internal control are incorrectly described? (select all that apply.) multiple select question. independently verify - check others
Using a single person to track and record assets to maintain security. It is not a principle of internal control to have a single person track and record assets to ensure security.
What are the six standards of inner control?
Physical controls, independent internal verification, human resource controls, responsibility separation, procedure documentation.
Which five principles of internal control are they?
There are five (5) components of internal control, as discussed in SAAM 0505: control the setting; risk evaluation; regulate activities; communication and information; and surveillance.
The six tenets of control activities are as follows:1) Delegation of responsibility; 2) Documentation procedures; 3) Physical controls; 4) Independent internal verification; and 6) Controls over human resources.
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vaughn hager started his one-man consulting business under the name hager associates. he likes that he does not have to consult anyone else when making decisions. the legal structure for the company can best be described as a(n):
The legal structure of the company can best be described as a proprietorship.
What is a proprietorship?A proprietorship is described as a form of the legal structure of a company that is entirely controlled and owned by a single individual. It is important to mention that such a business structure involves no other partners and the owner alone benefits from the profits. Furthermore, the owner as well as faces issues because he has to face all the risks.
In this scenario, Vaughn Hager started a consulting business under the name of Hager associates, and he was the only person who solely operated the business. It is important to highlight that he does not have to consult anyone because he alone manages the entire business.
It can be concluded that the legal structure of the company can best be described as a proprietorship.
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suppose there is an early freeze in california that reduces the size of the lemon crop. as the price of lemons rises, what happens to consumer surplus in the market for lemons?
As a result of the early freeze, the consumer surplus in the market for lemons reduces.
What is the effect of the early freeze on consumer surplus?Consumer surplus is the difference between the highest amount a consumer is willing to purchase a good and the price of the good. Consumer surplus is used to determine the welfare in the economy.
There is a negative relationship between the price of a good and the consumer surplus for the good. Consumer surplus increases when price decreases. Consumer surplus decreases when price increases.
When consumer surplus is depicted on a graph, it is the triangular area between the price of the good and the highest amount consumers are willing to pay for the good.
Consumer surplus = willingness to pay – price of the good
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Issac just completed his master’s degree in regional planning, if he wants to continue his education even further, he could pursue his _____ degree.
Issac just completed his master’s degree in regional planning, if he wants to continue his education even further, he could pursue his doctoral degree.
Local making plans can be defined because of the integrated management of spatially bounded regions' monetary, social, and physical assets. Local procedures and regulations have been proposed and achieved because of the beginnings of civilized settlement.
Nearby planning offers the green placement of land use sports, infrastructure, and settlement growth throughout a more extensive area of land than an. Individual town or city. Definition of nearby planning.
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