Loss frequency = Total accidents / Total number of vehicles
= 50 / 1,000
= 0.05
hence, the correct option is b. 0.05
Loss frequency is how frequently losses will arise. Loss frequency is used to are expecting the probability of similar losses happening in future. An instance is loss frequency for water harm if your business enterprise is placed on a flood easy is probably high.
Loss Frequency = total amount of Losses divided by using the overall type of accidents • Loss Severity = overall sort of accidents divided by general gadgets Analyzed. common Loss = common Loss Frequency X not unusual Loss Severity.
Frequency refers to the wide variety of claims an insurer anticipates will arise over a given period of time. Severity refers to the fees of a claim a excessive-severity statement is greater than a mean claim, and a low-severity declare is less highly-priced.
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Entrepreneurs are investors, but not all investors are entrepreneurs. the distinguishing characteristic is?
whether there is active involvement in the planning, organization, and operation of the business.
What is the difference between Entrepreneurs and investors?1. An investor concentrates on the commercial and financial aspects of the business, whereas an entrepreneur concentrates on the business operation.
2. An investor considers the new business idea proposed by the entrepreneur while the entrepreneur proposes an established business idea.
3. To obtain business finance, an entrepreneur often seeks an investor. He will provide a proposal and a business strategy to the investor to reassure them. An investor will only approach a business owner if they have a promising venture.
4. An entrepreneur is dedicated to his idea and passionate about the business. The majority of them are tenacious and continue to run the firm despite suffering losses. When a corporation loses money, an investor is considerably more pragmatic about the commercial appraisal and may walk away.
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If an insurer requires that an applicant or insured undergo a physical examination in order to obtain or continue coverage, who must pay the cost of such examination?
The one who must pay the cost of such examination is insurer.
They are the company that develops the insurance policy and sets the terms of the agreement. The terms underwriter and insurer are sometimes used synonymously. It is the responsibility of insurance companies to fulfill the commitment made by an insurance policy to reimburse the policyholder for a loss. Frequently, you buy your insurance coverage directly from an insurer.
However, a lot of people use brokers to purchase their insurance. A broker is not an insurer. On behalf of insurers, brokers offer insurance. When you purchase insurance through a broker, the insurer is responsible for issuing your policy and managing any claims you may have.
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when a tenant in a rent-controlled apartment sublets the apartment to another renter at a rent higher than the price ceiling: a there is an increase in quantity demanded. b there is an increase in quantity supplied. c we say that the transaction takes place on a black market. d there is a decrease in quantity demanded. e it is inefficient.
when a tenant in a rent-controlled apartment sublets the apartment to another renter at a rent higher than the price ceiling there is an increase in quantity supplied.
This is because renting out an apartment without the owner's permission is illegal, and even if it were, it would still be unlawful to charge a rent that is more than the maximum allowed. Therefore, a black market is where the transaction must happen.
Rent Control: What Is It?
A landlord is only permitted to charge a certain price for renting a property or renewing a lease under a government policy called rent control. Municipalities typically pass rent control legislation, although the specifics might differ greatly. All are designed to keep housing expenses within the reach of those with modest incomes.
In the US, rent regulation is not very common. In the United States, 182 towns have rent control laws, and all of them are in New York, New Jersey, California, Maryland, or Washington, D.C., according to a 2019 Urban Institute research.
As of February 2022, legislation in 31 states prevent or forbid local governments from establishing rent control measures.
Nevertheless, the problem of rent control has returned in recent years, especially in areas and localities where rising living expenses and stagnating earnings have made homes unaffordable for those with intermediate salaries and the elderly on fixed incomes.
The nation's first statewide rent control law was passed by Oregon. The rule, which went into effect in March 2019, caps yearly rent increases at 7% plus the CPI.
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Conditions imposed on borrowers to protect lenders from unreasonable risk are known as?
Conditions imposed on borrowers to protect lenders from unreasonable risk are known as protective covenants. Hence, option B is correct.
What is protective covenants?A provision in an indenture or loan agreement that limits certain actions a business may take while the loan is outstanding in order to protect the lender's interests.
More specifically, such a contract can set a cap on the number of tenants or residents. Second, it stops specific actions that are detrimental to society as a whole. A covenant can ban late-night gatherings or make it difficult for pet owners to keep their animals at home, for example.
Thus, option B is correct.
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The options are missing-
a. secured debt
b. protective covenants
c. collateral damage
d. senior debt
given a list of foreign exchange rates a selected curreny a target currency your goal is to calculate the max amount of the target currency to 1 unit of the selected currency through the fx transactions. assume all transations are free and done immediately. if you cannot finish the exchange, return -1.0.
The right answer in this situation is 1.89. A wide range of exchange rates. For example, ['USD', 'GBP', 0.77] denotes that 1 USD is equivalent to 0.77 GBP.
Rates: ["USD," "JPY," 110;" "US," "AUD," 1.45;" and "JPY," "GBP," 0 .0070]
Currency [GBP, AUD] To/From
Give a definition of international exchange rates and an illustration?
The price of the domestic currency relative to another currency is referred to as the foreign exchange rate. The aim of foreign exchange is to compare various currencies to show their relative values. The foreign exchange rate is the amount of domestic money required to purchase one unit of foreign money. The foreign exchange rate is established by the relative purchasing power of the two currencies, in accordance with the Purchasing Power Parity hypothesis.
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Which characteristics are consistent with a nonprogrammed decision?
The nonprogrammed judgment is used for unique opportunities or threats. It is used if there are no judgment rules fixed.
What Is A Non-Programmed Decision?Defiant to the programmed decision-making, non-programmed findings are ill-structured and one-time conclusions. Issues or situations that don't have a concrete set of rules or procedures to follow rely on non-programmed decision-making. These are tough and have a long-term effect.
The Non-programmed decision-making is even directed as high-involvement decisions or nonroutine findings since they need a high level of involvement in the role of the decision-maker.
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A _____ is a centralized resource staffed by it professionals who provide users with the support they need to do their jobs.
a. maintenance software module
b. help desk
c. utility point
A maintenance software program module is a centralized Resource staffed by experts who provide customers with the assistance they want to do their jobs.
Resources are a sort of delivery that can be drawn on through a person or enterprise in order to feature and execute plans and projects. assets can be in the shape of cash, fabric, staff, energy, know-how, time and management, among different matters.
Oil, coal, herbal gas, metals, stone, and sand are herbal resources. other herbal assets are air, sunlight, soil and water. Animals, birds, fish, and flora are herbal sources as well. natural assets are used to make meals, gas, and uncooked materials for the production of goods. inside the context of commercial enterprise and economics, aid is anything it's vital to perform a purpose or perform a hobby. In short, they're the components that a business desires with the intention to do business. assets frequently include employees, operating areas, gadgets, or capital.
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the combination of high job involvement and organizational commitment creates, what the gallup organization has called
'The combination of high job involvement and organizational commitment creates, the Gallup organization has called employee engagement
An organization is a group of people working together. B. Neighborhood associations, charities, associations, or companies. The word organization can be used to refer to a group or corporation or the act of forming or establishing something.
An organization is an official group of people such as a political party, corporation, charity or association. Most of these technical schools are provided by volunteer organizations. ... Reported by the International Labor Organization. Synonyms: Synonyms for groups, companies, clubs, associations and organizations.
An organization is a relationship with the goal of identifying and grouping the work to be done, defining and delegating responsibilities and authorities, and enabling people to work together most effectively to achieve their goals. It's the process of building.
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characteristics of successful budgets include being: a. realistic. b. well planned. c. clearly communicated. d. flexible. e. all of these
Characteristics of successful budgets include being (e) all of these
What is a successful budget?
Persistence is essential to creating a successful budget. You will succeed with budgeting if you are consistent in developing one, review it frequently, make necessary adjustments, and stick to the process. You may achieve your goals, gain financial control, and lessen stress by creating a good budget.
Making financial decisions is what budgeting is all about. Being persistent requires making those decisions, then following through on them.
That does not imply that once a budget is established, it must be adhered to even when changes are obviously necessary. Your spending, income, and ambitions all fluctuate. If your circumstances change, your budget needs to be adaptable enough to shift with them.
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which of the following is not a section or subsection commonly found in an empirical journal article?
Outcome is not a section or subsection commonly found in an empirical journal article.
An empirical research article describes research that was conducted through direct observation or experimentation. The research may employ quantitative or qualitative methodologies. An abstract, introduction, methods, results, discussion, and references will always be included in a research study paper.An empirical (research) article describes the techniques and results of an original research study done by the article's writers. A review article, sometimes known as a "literature review," discusses previous research works on a specific issue.A researcher might do empirical research to determine whether listening to cheerful music boosts prosocial behavior. An experiment could be carried out in which one part of the audience is exposed to cheerful music while the other is not.Thus this is the meaning of Empirical Journal Article.
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4. ¿Which viability factor involves the potential funding of a business opportunity?
The viability factor that involves the potential funding of a business opportunity is value creating.
What is value creating?Value creating can be defined as the process of turning something into what will meet the needs of people or turning resources into something valuable that will benefit people.
Value creation is essential for companies as it enables them to earn or generate more profit or revenue.
Therefore the viability factor that involves the potential funding of a business opportunity is value creating.
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what tool does the us government use to keep track of inflation throughout the years? question 10 options: a) the value calculator b) the inflation scale c) the consumer price index d) the monetary supply
The tool that the US government use to keep track of inflation throughout the years is Customer Price Index.
The Consumer Price Index (CPI) measures the monthly variation in the prices paid by Americans. The Bureau of Labor Statistics (BLS) calculates the CPI as a weighted average of costs for a basket of products and services representative of total U.S. consumer spending.The CPI is a widely used indicator of inflation and deflation. In terms of sampling methods, pricing sample, and index weights, the CPI report differs from the PPI report. The PPI tracks changes in the prices received by US producers of goods and services.The Consumer Price Index tracks the overall change in consumer prices over time using a representative basket of products and services.Thus this is meant by Customer Price Index.
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On+december+31,+,+when+the+market+interest+rate+is+%,+issues+of+%,+-year+bonds+payable.+the+bonds+pay+interest+semiannually.+determine+the+present+value+of+the+bonds+at+issuance.
The present value of the bonds at insurance is $505,493.
Simple Interest (S.I.) is the method of calculating the interest amount for a particular principal amount of money at some rate of interest. For example, when a person takes a loan of Rs. 5000, at a rate of 10 p.a. for two years, the person's interest for two years will be S.I. on the borrowed money.
Present value of principal:
Present value = Future value × PV factor for i = 6%,n = 20
Present value = $600,000 × 0.312 = $187,200
Present value of stated interest:
Present value = Amount of each cash flow × Annuity PV factor for i = 6%,n = 20
Present value = ($600,000 × 0.0925 × 6/12) × 11.470 = $318,293
Present value of bonds payable:
Present value = PV of principal + PV of stated interest
= $187,200 + $318,293 = $505,493
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according to ansoff’s strategic opportunity matrix, both product development and diversification involve the creation of new products.
according to Ansoff's strategic opportunity matrix, both product development and diversification involve the creation of new products.
This is further explained below.
What is Ansoff's strategic opportunity matrix,?Generally, According to Ansoff's strategic opportunity matrix, the development of new goods is a necessary step in both the product development and the diversification processes.
In conclusion, The Ansoff matrix is a methodology that may be used to find prospects for generating money for a company.
It's also known as the product/market matrix, and its primary function is to assist businesses in formulating new expansion plans.
One of the most often used models in marketing is known as the Ansoff strategic opportunity matrix. This model places a significant focus on expansion.
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CQ
according to Ansoff's strategic opportunity matrix, both product development and ________involve the creation of new products.
which of the following financial statements report(s) the financial position of a business over a period of time? (check all that apply.)
The financial statement that reports the financial position of a business over a period of time are:
income statement
Statement of cash flows
What is the income statement and the statement of cash flows?The income statement records a company's income and expenses in a financial year. It is used for determining if a company is earning a profit or a loss.
The income statement can also be used to determine if the company can maximise its profit by increasing revenue or reducing expenses or by carrying out both actions.
The statement of cash flows is a financial statement that shows cash inflow and cash outflow between the firm and external sources. Sources of cash flow include : business operations, investment activities and financing.
The statement of cash flows shows how changes in the income statement and the balance sheet affect cash and cash equivalents.
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What is the total damage imposed as a result of producing the market (unregulated) level of fertilizer?
The total damage imposed as a result of producing the market (unregulated) level of fertilizer
A) The correct option is c) $ 250
Total damage = ( 15 - 10) * 50 = 250
B) The correct option is c) $ 300
Total damage = ( 15 - 10) * 60 = 300
What Is Actual Total Loss?
When an insured property is destroyed or severely damaged to the point that it cannot be repaired or recovered, it suffers an actual total loss. Frequently, the maximum settlement permitted by the insurance policy's conditions is triggered by an actual total loss.Sometimes, people will refer to a piece of property that cannot be salvaged as "totaled," which is another term for an actual total loss.When an insured item is completely lost, destroyed, or severely damaged to the point where it cannot be repaired, this is referred to as an actual total loss, often known as a "total loss."In these situations, the covered party ought to be eligible to get paid by the insurance provider for the entire insured value of the asset.To know more about Unregulated level visit:
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What is the absolute value of price elasticity for leisure travelers if the airline increases the price to $500? round your answer to the nearest whole number.
If the airline increases the price to $500, The price elasticity of demand for leisure travelers is 2.
In physics and materials technological know-how, elasticity is the capability of a body to withstand a distorting impact and to return to its authentic length and form whilst that impact or pressure is eliminated.
What's elasticity and example?
Elasticity is the capability of an object or fabric to renew its everyday form after being stretched or compressed. example: A rubber regains its form after long stretch due to its elastic belongings.
How do you explain elasticity?
Elasticity is an economic concept used to degree the alternate within the mixture amount demanded of an amazing or service with regards to price actions of that good or service. A product is considered to be elastic if the amount call for of the product modifications more than proportionally while its price increases or decreases.
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What is the best way for an employee to obtain product specifications for a piece of office equipment?
The best way for an employee to obtain product specifications for a piece of office equipment is to send a letter of inquiry to the vendor.
What is a product specification?It is also called a product spec. This refers to an is an important product document that outlines key requirements for building a new feature, functionality or product.
While trying to acquire some piece of equipment for the office operation, the best way for an employee to obtain product specifications for a piece of office equipment is to send a letter of inquiry to the vendor who will reply with a document detailing the features of the equipment.
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The total amount of air a person can exhale after filling the lungs completely is called:________
The total amount of air a person can exhale after filling the lungs completely is called Vital Capacity.
Vital capacity (VC) is described as a alternate in extent of lung after maximal concept observed by means of maximal expiration is referred to as the crucial potential of the lungs. It's far the sum of tidal quantity, inspiratory reserve extent . and expiratory reserve extent. critical capacity of regular adults stages among 3 to 5 litres.
Spirometers are commonly used to measure "vital capacity," the most quantity of air that you can exhale in one breath.
A few examples of spirometry measurements are forced critical potential: the maximum quantity of air you can forcibly exhale from your lungs after completely breathing in. It is about 80 percent of general ability, or four. eight liters, due to the fact some air stays in your lungs when you exhale.
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what was the biggest problem with the legislation that was passed to regulate commerce? companies found loopholes in the laws. companies found loopholes in the laws. regulators did not take their jobs seriously. regulators did not take their jobs seriously. lawmakers amended them. lawmakers amended them. the public ignored them.
The biggest problem with the legislation that was passed to regulate the commerce lawmakers amended them the public ignored them.
The primary problem with the laws was that the general populace disregarded them. It was difficult for everyone to agree on a single plan of action.
According to Article 1, Section 8, Clause 3 of the U.S. Constitution, Congress has the power to "control trade with foreign nations, among the states, and with Indians." There is significant and ongoing debate regarding the distribution of power between the federal government and the states because the U.S. Congress frequently invokes the Commerce Clause to support its exercise of legislative authority over the actions of states and their citizens. In the past, the Commerce Clause has been interpreted as both a grant of power to Congress and a limitation on its regulatory authority.
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jim root company operates four bowling alleys. the business just received the , , bank statement from city national bank, and the statement shows an ending balance of . listed on the statement are an eft rent collection of , a service charge of , nsf checks totaling , and a charge for printed checks. in reviewing the cash records, the business identified outstanding checks totaling and a deposit in transit of . during , the business recorded a check by debiting salaries expense and crediting cash for . the business's cash account shows an balance of .
Listed on the statement are an EFT rent collection of $440, a service charge of $7, NSF checks totaling $50, and a $23 charge for printed checks.
What is statement?Frequently used in the field of project management is a statement of work (SOW). The work demand for a project is described in narrative form. For a vendor offering services to the client, it specifies project-specific tasks, products, and deadlines. Standard regulatory and governance terms and conditions, together with specific criteria and price, are usually included in the SOW. A master service agreement or request for proposals frequently have it as an essential annex (RFP).
For the hardware or software solutions outlined in the request for proposals, numerous statement of work document template formats and styles have been developed. Many businesses develop their own specialized or generalist SOWs that are specifically tailored to meet the requests and proposals they typically receive.
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A restaurant asks their customers to fill out a questionnaire indicating whether their service was excellent, very good, good, or poor. the rating scale used is an example of the _____ scale.
As the restaurant asks their customers to fill out a questionnaire indicating whether their service was excellent, very good, good, or poor, this rating scale that is used is an example of the ordinal scale.
What is an ordinal scale?Basically, an ordinal indicates “order” and an ordinal data refers to the quantitative data which have naturally occurring orders and the difference between is unknown. It can be named, grouped and also ranked.
Because of this, the ordinal scale refers to the second level of measurement that reports the ranking and ordering of the data without actually establishing the degree of variation between them.
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the current price of blue jeans is $30 per pair, but the equilibrium price of blue jeans is $25 per pair. as a result, which of the following statements is not true?
The statement that is not true is there is a shortage of blue jeans at the $30 price.
What is a shortage?Equilibrium is where the quantity demanded equal quantity supplied. On a graph, it is where the demand curve crosses the supply curve.
The price at equilibrium is known as equilibrium price and the quantity at equilibrium is known as equilibrium quantity
If price is greater than the equilibrium price, quantity supplied exceeds quantity demanded and there is a surplus. If price is less than the equilibrium price, quantity demanded exceeds quantity supplied and there is a shortage.
Since the current price of blue jeans is greater than the equilibrium price, there would be a surplus. Thus, quantity supplied would be greater than the quantity demanded.
Here are the options:
There is a surplus of blue jeans at the $30 price.
b. There is a shortage of blue jeans at the $30 price.
c. The quantity supplied of blue jeans exceeds the quantity demanded of blue jeans at the $30 price.
d. The equilibrium quantity of blue jeans exceeds the quantity demanded at the $30 price.
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suppose smith wants one iphone no matter what the price is between $0 and $350, jones wants one iphone no matter what the price is between $0 and $200, and griffith wants one iphone no matter what the price is between $0 and $450. in this case, each individual buyer’s demand curve will be and the market demand curve will be .
The answer is Each individual buyer’s demand curve will be Vertical and the market demand curve will be Downward sloping.
The demand curve could be a graphical representation of the connection between the value of an honest or service and therefore the quantity demanded for a given period of your time. in a very typical representation, the value will appear on the left vertical axis, the amount demanded on the horizontal axis.
The demand curve will move downward from the left to the correct, which expresses the law of demand—as the worth of a given commodity increases, the amount demanded decreases, all else being equal.
Note that this formulation implies that price is that the variable, and quantity the variable. In most disciplines, the experimental variable appears on the horizontal or x-axis, but economics is an exception to the current rule.
The degree to which rising price translates into falling demand is named demand elasticity or price elasticity of demand. If a 50% rise in corn prices causes the number of corn demanded to fall by 50%, the demand elasticity of corn is 1. If a 50% rise in corn prices only decreases the amount demanded by 10%, the demand elasticity is 0.2. The demand curve is shallower (closer to horizontal) for products with more elastic demand, and steeper (closer to vertical) for products with less elastic demand.
Other factors can shift the demand curve similarly, like a change in consumers' preferences.
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Why are shortages or surpluses more likely with preset prices than fluctuating prices?
Preset pricing makes an effort to forecast the level of demand that will result in an equilibrium quantity rather than reacting to demand situations.
A state of balance is only useful temporarily. The market won't be in equilibrium if supply or demand changes until the price adjust to the new equilibrium point. Because the market price cannot adapt in reaction to changes in supply and demand, preset prices are likely to generate shortages and surpluses. On the other hand, if pricing was flexible, there would be a lower likelihood of shortages or surpluses since the price could be changed to the new equilibrium price anytime supply or demand changes. Sometimes the market is not in equilibrium, meaning that the amount supplied and the amount requested are not equal. Either there is an excess of supply or demand at this time. When there is an excess of supply that is when the amount supplied exceeds the amount demanded a market surplus results.
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salespeople responsible for existing customers emphasize selling products over servicing and relationship building.
It is accurate and accurate to say that salespeople in charge of repeat business prioritize selling items over providing customer service, and that developing relationships with clients and prospects is a key component of such interactions.
You persuade clients to purchase a good or service as a salesperson. You direct the customer's journey from the first point of contact all the way up to the point of sale, utilizing one-on-one communication to match your product with their desires and requirements.
You employ a range of strategies to boost sales throughout the short and long terms. Salespeople are adept in communicating, open to their clients, and capable of demonstrating the worth of their goods.
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Businesses earn profits by converting financial, physical, and labor resources into goods and services that satisfy consumer demands. true or false
The answer is false. Options traders can benefit by either buying or writing options. Options offer for possible profit during both tumultuous moments, independent of market direction. Because options can be exchanged in anticipation of market appreciation or depreciation, this is feasible.
There is an options strategy that can profit from price movements in assets such as stocks, currencies, and commodities. Individuals can earn from any market state, from bull to bear to sideways, depending on the options strategy they use. When you buy an option, your upside potential is limitless, and your maximum loss is the cost of the option premium.
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Decision alternatives are structured so that only one of them can be chosen. group of answer choices
a. true
b. false
The answer is true. Alternative strategies, in general, are designed to hold a diverse range of classic and non-traditional financial assets, but they are handled in unconventional ways. For example, leverage is the strategies of borrowing money in order to potentially boost the return on a specific investment.
First, the alternative should be compatible with the company's aims and objectives. Second, the alternative should be consistent with the existing assessment of the company's strengths. Third, the products must have market opportunities. Finally, the product should be efficient and effective to manufacture. Market penetration, market development, product development, and diversification are the four strategies possibilities.
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In 2018, michael had earned income of $40,000, gains of $5,000 from stock transactions, and an $8,000 loss from the sale of his boat. How much could he write off in capital losses?
In 2018, Michael had earned income of $40,000, gains of $5,000 from stock transactions, and an $8,000 loss from the sale of his boat. He could claim a deduction on line 25300 of your 2021 income tax and benefit return off in capital losses.
The overall rule is that shareholders receive financial gain or loss treatment upon the sale or exchange of stock. However, it's possible to receive a normal loss deduction capital losses if the loss is sustained on small business stock . If you own stock that has become worthless because the corporation went bankrupt and was liquidated, then you'll take a complete financial loss on the stock.
Your taxable financial gain is usually adequate the worth that you just receive once you sell or exchange a capital asset minus your "basis" within the asset. Your basis is mostly what you acquired the asset. Sometimes this can be a simple calculation.
You can't simply write off losses because the stock is worth but after you bought it. you'll deduct your loss against capital gains. Any taxable financial gain – an investment gain – realized in this tax year will be offset with a financial loss. If your losses exceed your gains, you have got a net loss. A financial gain or financial loss is that the gain or loss from the sale or disposition of a capital asset.
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The belief that if you work hard you can escape poverty and achieve economic stability is?
The belief is that if you work hard you can escape poverty and achieve the same economic stability as that her fellow classmates.
Poverty is not having enough money to meet basic needs such as food, clothing, and housing. But poverty is more than just not having enough money. The World Bank Organization describes poverty as Poverty is lack of shelter.
Basically, poverty is the lack of sufficient resources to meet the basic necessities of life such as food, clean water, shelter, and clothing. But in today's world, this can extend to access to healthcare, education, and even transportation. People are considered to be living in poverty when they cannot afford the basic necessities that society considers normal. There are four types of poverty: absolute poverty, relative poverty, subjective poverty, and social exclusion.
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