Economics is the social science that studies the production, distribution, and consumption of goods and services.
It is concerned with how individuals, businesses, governments, and societies choose to allocate scarce resources in order to satisfy their wants and needs. Economics focuses on the behavior and interactions of economic agents and how economies work. Microeconomics examines the behavior of basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Macroeconomics analyzes the entire economy and issues affecting it, including unemployment, inflation, economic growth, and monetary and fiscal policy.
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a. all of the farmers have their prices posted prominently in front of their stalls. multiple choice 1 participants are price takers full information no transaction costs standardized good b. cucumbers are the same price at each stall. multiple choice 2 no transaction costs participants are price takers standardized good full information c. there is no difficulty moving around between stalls as you shop and choosing between farmers. multiple choice 3 participants are price takers no transaction costs full information standardized good d. you and the other customers all seem indifferent about which cucumbers to buy. multiple choice 4 participants are price takers full information standardized good no transaction costs
The characteristic of competitive markets the statement describes
full informationparticipants are price-takersno transaction costsstandardized goodWhat is transaction cost?Expenses incurred during market exchange are referred to as transaction costs. Costs associated with establishing market prices and creating and upholding contracts are some examples. A transaction cost is a cost associated with engaging in any economic deal when participating in a market, according to economics and disciplines that are connected. Oliver E. Williamson describes transaction costs as the expenses associated with maintaining a business-based economic system. In contrast to production costs, decision-makers choose a company's strategy by comparing transaction costs and production costs. The complete price of making a transaction, including planning, decision-making, altering plans, settling disagreements, and after-sales charges, is known as the transaction cost. As a result, one of the most crucial elements in the management and operation of a corporation is the transaction cost.The complete question is,
Consider shopping for cucumbers in a farmers' market. For each statement below, note which characteristic of competitive markets the statement describes. Choose from: standardized good, full information, no transaction costs, and participants are price takers.
a. All of the farmers have their prices posted prominently in front of their stalls.
b. Cucumbers are the same price at each stall.
c. There is no difficulty moving around between stalls as you shop and choosing between farmers.
d. You and the other customers all seem indifferent about which cucumbers to buy.
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more damage was done last year from hurricanes than earthquakes. there was $100 million damage last year from hurricanes. there was $70 million damage last year from earthquakes.
An argument is a statement or series of assertions that you use to try to persuade others that your point of view is accurate.
What best describe an argument?A statement or combination of statements that you use to try to persuade others that your point of view on something is true is called an argument. Argumentative persuasion is preferable to emotional persuasion. A conversation or debate in which numerous participants present various, conflicting viewpoints is known as an argument.
Think about the claim that since all flying species are birds (premise = false), and since bats can fly (premise = true), then bats are birds (conclusion = false). The conclusion follows logically from the premises and is therefore supported by evidence, hence the argument is sound.
a rationale or argument put forth in support of or opposition to a topic of discussion; compare with evidence and proof.
Therefore, the answer is argument.
The complete question is:
More damage was done last year from hurricanes than earthquakes. There was $100 million damage last year from hurricanes. There was $70 million damage last year from earthquakes.
The collection of statements above are:
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Which of the following are period costs? multiple select question. O general expenses O cost of goods sold O administrative expenses O selling costs
Period costs include cost of goods sold, thus option b is correct.
What is period cost?Period costs are not inextricably linked to the manufacturing process. Period costs include overhead or sales, general, and administrative (SG&A) costs.
Period costs are costs that cannot be capitalised on the balance sheet of a business. In other words, they are expensed and recorded on the income statement in the period in which they occur. Period expenses are another name for period costs.
Period costs are defined in managerial and cost accounting as costs that are not tied to or related to the production of inventory. Selling, general, and administrative (SG&A) expenses, marketing expenses, CEO salary, and rent expense for a corporate office are some examples.
Administrative costs and selling costs are typically divided into two categories.
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State true or false and justify your answer:
The total of each general amount column of a cash receipts journal is posted to the corresponding general ledger account.
False, A cash receipts journal does not post the sum of each general amount column to the associated general ledger account.
What steps must I take to submit the cash receipts diary to the general ledger?The Cash Receipts Journal totals are entered into the General Ledger on the last day of each month. The Sundry Accounts are added to the General Ledger using the date the transaction took place. Once the bank account has been added to the general ledger, you should submit the analysis columns.
What should be done following the computation of the account balances and uploading of the journal entries to the ledger?Unadjusted Trial Balance: A trial balance is produced following the posting of journal entries to specific general ledger accounts by the company. The debits and credits in all of the financial records must balance, as determined by the trial balance.
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bach co. adopted the dollar value lifo inventory method as of january 1, year 1. a single inventory pool and an internally computed price index are used to compute bach''s lifo inventory layers. information about bach''s dollar value inventory follows:
Inventory management is the accounting of goods, components, and raw materials that a business either sells or uses in its manufacturing process.
What Is Inventory?To make sure you have enough inventory on hand and to spot when there is a deficit, inventory management is a skill that a business owner must master.
Examples:
Date at base year costs at current year costs
January 1, Year 1 $90,000 $90,000
First-year layer 20,000 30,000
Two-year layer 40,000 80,000.
Solution:
Date Base Current LIFO
Year Cost Year Cost Inventory Layer
Layer 1/1/Year $90,000 $90,000 $90,000
Level 1 Year 20,000 30,000 21,818 [Note 1]
110,000 120,000 111,818 El at 12/31/
1st year 40,000 80,000 53,333 [Note 2]
Year 2 Layer $150,000 $200,000 $165,151 12/31/Year 2 El
[Note 1]
Price Indices
$120,000/$110,000 = 1.09
LFOS Layer
$20,000 x 1.09 = $21,818 [Note 2]
Price Indices $200,000/$150,000 = 1.33
Reply "B" LFOS Layer
$40,000 x 1.33= $53,333
the cost as of today.
The Complete Question.
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Which of the following is a feature of the corporate form of business ownership?a. Unlimited liabilityb. Lower tax ratesc. Limited resourcesd. Double taxation
Double Taxation is a feature of the corporate form of business ownership among the followings.
Option D is correct.
What distinguishes corporate ownership from other types of business ownership?
One of the five main characteristics of a corporation is typically professional management. Double taxation, shareholder ownership, limited liability, and continuing existence are the other options.
Which type of ownership of a business does not?The majority of business structures are not limited, unregistered businesses. This kind of business formation is not possible. Business entities such as partnerships, corporations, and sole proprietorships are all acceptable. A sole proprietorship is a business with only one owner.
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Which of the costs below would be included in the recorded cost of merchandise inventory? (Check all that apply.) Insurance costsInvoice costStorage costs
Invoice cost the costs below would be included in the recorded cost of merchandise inventory
The price of products that a retailer or wholesaler has sold is the cost of merchandise inventory. These companies buy their products from other companies and sell them to their clients; they do not produce the things themselves. This phrase would be replaced with the phrase "cost of goods sold" if wholesalers and retailers instead produced their own products.
In order to calculate the cost of goods sold, the beginning inventory balance must be added to the period's merchandise purchases, and the ending inventory balance must be subtracted. the computation is as follows:
Cost of goods sold = Starting merchandise inventory + Purchased merchandise - Ending merchandise inventory
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Country Z has a downward sloping domestic demand curve and an upward sloping domestic supply curve for widgets. In the absence of trade, the domestic price of widgets is P0. Now the country engages in trade, and the price for widgets, Pw, is below the domestic price, P0. Which of the following will occur.
If country Z engages in trade and the price for widgets (Pw) is below the domestic price (P0), the country will likely import widgets. Here option B is the correct answer.
The lower price of foreign widgets will increase the quantity demanded widgets in the domestic market, causing an increase in the number of imported widgets and a decrease in the quantity of domestically produced widgets.
This will lead to a shift of the domestic demand curve to the right and the domestic supply curve to the left. As a result, the domestic price of widgets will decrease and approach the world price (Pw).
Complete question:
Country Z has a downward-sloping domestic demand curve and an upward-sloping domestic supply curve for widgets. In the absence of trade, the domestic price of widgets is P0. Now the country engages in trade, and the price for widgets, Pw, is below the domestic price, P0. Which of the following will occur?
A - there will be a decrease in consumer surplus for domestic consumers
B - domestic producer surplus will decrease in country Z
C - there will be an excess supply of the good
D - the equilibrium price and quantity of ties will decrease
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The production cost reports show the calculations for the physical flows and the flows of the products. cost price cash supply
The correct answer is cost. The cost of product or cost price or product costs can be calculated by adding all direct and circular costs of a manufacturing unit. Then's the formula for calculating the cost of the product.
The total cost of the product = Cost of labor, Cost of raw accouterments, i.e., Outflow costs on manufacturing. Fixed costs. Fixed costs are charges that don't change with the quantum of affairs produced. Variable costs. Variable costs are costs that change with the changes in the product's position..
Total cost: Total cost encompasses both variable and fixed costs. COGM = morning WIP force total manufacturing costs ending WIP force. Add direct accouterments, labor, and other overhead manufacturing costs to find the total manufacturing costs.
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The economic activities described in the passage contributed most directly to which of the following?
a. The emergence of the first truly global exchange networks
b. The Beginning of the process of industrialization
c. The establishment of the first chartered and limited-liability commercial companies
d. The rapid growth of China's population under the Song and Ming dynasties
The economic activities described in the passage contributed most directly to the emergence of the first truly global exchange networks.
The economic activities described in the passage contributed most directly to the emergence of the first truly global exchange networks. The passage mentions the development of new technologies, such as the compass and paper money, which allowed for the expansion of trade networks and the growth of international commerce. This led to the emergence of the first truly global exchange networks, which connected different parts of the world and allowed for the exchange of goods and services. Global Exchange's objectives include raising public awareness of injustice. They advocate for a shift from a profit-driven global economy to what it calls "people-oriented local economies," which ostensibly protect workers' and nature's rights.
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Which of the following are buying-related activities, in contrast to selling-related activities? (Choose every correct answer.)
A. Multiple select question.
B. Purchasing MP3s from an online retailer
C. Receiving payment from a client for a haircut
D. Using a credit card at a grocery checkout counter
E. Giving a barista cash for a cup of coffee
The following are buying-related activities, in contrast to selling-related activities: A, C and D. This transaction will be funded by a direct debit from your checking account.
A. Purchasing MP3s from an online retailer
C. Using a credit card at a grocery checkout counter
D. Giving a barista cash for a cup of coffee
Deposits and withdrawals are recorded in a checking account with a financial institution. Checking accounts, often referred to as demand accounts or transactional accounts, can be accessed in a number of ways, including through checks, automated teller machines (ATMs), and electronic debits. They are reasonably liquid and accessible in a variety of ways.
A checking account normally permits limitless withdrawals and deposits in contrast to other bank accounts, but savings accounts may occasionally impose restrictions on both. Anyone who frequently has to make withdrawals or perform transactions from a bank account benefits from having a checking account.
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Relationship marketing refers to
a. the linking of the organization to its individual customers, employees, suppliers, and other
partners for their mutual long-term benefits.
b. the process of identifying prospective buyers, understanding them intimately, and developing
favorable long-term perceptions of the organization and its offerings so that buyers will
choose them in the marketplace
c. the selection and the assignment of a firm's personnel for a specific product or product line to
a group of current or prospective customers.
d. exclusive legally binding contractual agreements between retailers and customers in order to
create enhanced value for each party.
e. the belief that it is easier and less expensive to find new customers than to retain old ones.
The correct answer is linking the organization to its individual customers, employees, suppliers, and other partners for their mutual long-term benefits.
Relationship marketing is the development and conservation of long-term, cost-effective connections with individual guests, suppliers, workers, and other mates for collective benefit. Relationship marketing helps retain guests over the long term, which results in client fidelity rather than guests purchasing formerly or rarely. Relationship marketing is important for its capability to stay in close contact with guests.
Relationship marketing is a process in which companies foster positive connections with their guests or business mates. To do this, relationship directors collect and dissect client data to find trends and issues that could be useful for perfecting customer dispatches.
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choose a business you buy from and share what leads you to categorize them as a locust, caterpillar, butterfly, or honeybee
The American International Group (AIG) is one of the institutions that follow the locust philosophy. The firm is not mainly involved in corporate social responsibilities and much of the focus is usually placed on the realization of short-term gains.
What kind of business is a locust?
The term "locust" is used negatively in the business world to describe companies that only think about their own immediate needs at the expense of all other stakeholders, the environment, and future generations. In general, locusts tend to destroy value over the long run rather than creating it.
What distinguishes the honeybee from the locust?
The honeybee not only produces honey, but it also represents collaboration, thrift, diligence, thoughtfulness, and healing. It only stings in self-defense.
A grasshopper-like lifestyle is similar to that of the locust, which is typically a solitary insect. They are fairly benign when left alone.
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What is meant by non-profit making cancers?
non-profit organization is a group organized for purposes other than generating profit and in which no part of the organization's income is distributed to its members, directors, or officers.
respa requirements do not apply to conventional loans. va-guaranteed loans. commercial loans. fha-insured loans.
The correct answer is FHA-insured loans. FHA mortgages give borrowers more charity with their DTI rate by offering a 43 debt-to-income rate, making qualifying for a loan much easier.
This 43 can be negotiated further, depending on other compensatory factors like your down payment, credit score and cash on hand. Conventional loans are home loans offered by private lenders without direct government backing.
In other words, unlike FHA-insured loans, they are not ensured or guaranteed by a government agency. You need an advanced credit score, a lower debt-to-income ( DTI) rate and generally a slightly advanced down payment to qualify.
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Taxes on a partnership are: (Check all that apply).Multiple select question.paid by the partnership.paid by each partner.paid by the partner only if distributed in cash.paid by the partners even though profit has not been distributed in cash.
Taxes on a partnership are: paid by each partner AND paid by the partners even though profit has not been distributed in cash.
The Internal Revenue Services (IRS) claims that a partnership does not have to pay taxes on its own. In a partnership business, profits are divided among the partners, who each record their respective portion as personal income. The partners are then responsible for paying income taxes on their respective profits. An agreement between two or more individuals to manage a firm and divide its assets and responsibilities is known as a partnership. The partner's consent to work together before their shared interests and take advantage of the tax policy's unique benefits.
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Batman decides to open a Mexican restaurant serving street tacos and fajitas. This will be one of several such restaurants in his small town. This entrepreneurial venture, like most small businesses, is characterized by risk and Innovation. A.moderate; moderate B.moderate; C.high low: D.high high: E.low high, high
This entrepreneurial venture, like most small businesses, is characterized by risk and Innovation be like : Option B. moderate.
Are entrepreneurs moderate or high risk takers?Successful entrepreneurs take moderate risks. If they see potential, they don't run from uncertainty, but they research and weigh their options first. The same strategy to taking risks may be beneficial to you as a sales professional.Numerous hazards, including insolvency, financial risk, competitive risk, environmental risk, reputational risk, and political and economic risk, are faced by entrepreneurs. Entrepreneurs must make sensible financial plans and demonstrate to investors that they are thinking about risks by developing a practical company strategy.Because they do not take into account the risk ambiguity if there is a potential or opportunity for success or larger profits, entrepreneurs are regarded as moderate risk-takers.Learn more about entrepreneurs refer to ;
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in how many ways can $4$ distinct beads be placed on a bracelet that has a knot in it? (beads cannot slide past the knot. two ways are considered the same if one is a reflection of the other, since we can flip the bracelet over.)
There are (4-1)! / 2 designs for bracelets without knots. Since the beads can be rotated, one specific bead can be put in a start position without changing the others, one (1) is subtracted to set a bead's location. Since the bracelet can be turned around, the division by two (2) is necessary.
Rotation is prevented with a knotted bracelet. Take into account the knot as an additional bead that is cemented in place, producing (5-1)! / 2 = 12 configurations. Therefore, there are 12 possible solutions.
What makes it a bracelet, and why?The word "bracelet" derives from the Old French word "bracel," which meaning "of the arm." A little brace is sometimes known as a bracelet (an arm-guard used by archers).
What is a bracelet according to the Bible?Genesis 38:18–38:25's translation of the word "bracelet" most likely refers to a string that holds a seal ring in place. Both men and women wore bracelets, according to Layard, who says of the Assyrian rulers, "The arms were encircled by armlets, and the wrists by bracelets." Solomon 5:14 makes this clear.
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because your staff has been working together in their jobs for a long time and have a high degree of motivation, experience, and skill, you let them work pretty independently and try to stay out of their way. you feel that your staff members are interested in assuming more responsibility and are ready to handle it so you start letting them share in more team decisions. you are frustrated at work because you feel that your supervisor only assigns you the mundane tasks and that you receive less support from her than do your teammates.
Out-group You are frustrated at work because you feel that your supervisor only assigns you the mundane tasks. Participating style You feel that your staff members are interested in assuming more responsibility. Delegating style.
The word "supervisor" or "leader" refers to a lower-level management role that primarily focuses on power over employees or the workplace. Other names for this position include foreman, boss, supervisor, facilitator, supervisor, area coordinator, line manager, and sometimes fallacy.
A professor who oversees a doctoral thesis is an example of how one of the most experienced members of staff can act as a supervisor. On the other hand, supervision can be done by someone without this official designation, such as a parent. Any employee who has this responsibility as part of their job description may be referred to as a "supervisor" in their own right.
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as owner of a retail franchise food store, belinda purchases supplies based on specials advertised nationally throughout the franchise system. last monday, she was surprised to find customers asking for specials she hadn't been informed of in advance. the franchise company failed to live up to the value-driven activity of X sharing information across the organization.
balancing customers' benefits and costs.
evaluating strategic competitive partnerships.
building relationships with customers.
keeping prices below those charged by competitors.
Building relationships with customers is the first and foremost priority of the business or franchise.
How do franchises work?A franchise (or franchising) is a method of product or service distribution where a franchisor creates the brand's trademark or trade name and a business system and a franchisee pays a royalty and frequently an initial fee for the right to operate under the franchisor's name and system.
What does a franchise example mean?To capture the largest possible market share, businesses use franchising as a marketing tactic. A business arrangement known as franchising allows for the sale of one party's goods and intellectual property by another. For instance, a number of fast food restaurants, like Domino's and McDonald's, are franchised in India.
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Landmann Corporation's relevant range of activity is 7,000 units to 11,000 units. When it produces and sells 9,000 units, its average costs per unit are as follows:
Average
Cost per Unit
Direct materials $ 6.35 Direct labor $ 4.10 Variable manufacturing overhead $ 1.35 Fixed manufacturing overhead $ 13.50 Fixed selling expense $ 2.25 Fixed administrative expense $ 1.80 Sales commissions $ 1.00 Variable administrative expense $ 0.45 For financial reporting purposes, the total amount of product costs incurred to make 9,000 units is closest to:
Multiple Choice
$121,500
$227,700
$236,700
$106,200
Option 2nd is correct. The total product cost required to produce 9,000 units comes closest to $227,700.
Direct material:$6.35
Direct work:$4.10
Variable manufacturing overhead:$1.35
Variable manufacturing cost per unit:$6.35 + $4.10 + $1.35 = $11.80
Total variable manufacturing costs ($11.80 per unit x 9,000 units produced):$106,200
Total fixed manufacturing overhead ($13.50 per unit x 9,000 units produced):$121,500
Total cost of product (manufacturing):$106,200 + $121,500 = $227,700
Manufacturing overhead does not include the company's sales or management functions. Therefore, costs for items such as company salaries, audit and attorney fees, and bad debts are not included in manufacturing overhead.
When preparing financial statements, both generally accepted accounting principles and international accounting standards refer to manufacturing costs (recorded in the income statement) and costs in inventory accounts (for example, displayed on the balance sheet).
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Which of the following holds true when the Fed decides to buys bonds in the economy?A Money supply will increase.B Nominal interest rate will rise.C Aggregate demand will fall.D Unemployment will rise.E Price level will fall.
Money supply will increase
The Fed can raise the amount of money in the economy by exchanging bonds for cash from the general public when it purchases bonds on the open market.
How do Fed bond purchases work?8 By driving up the price of fixed-income assets, the purchase of these securities increases economic activity while also lowering interest rates. The central bank's balance sheet is also significantly increased.
What takes place when the Fed purchases government bonds from banks on the bond market?Banks acquire funds they can lend out when the Federal Reserve purchases government bonds from them. It will become easier to get money. Money enters the economy when anything is bought on the open market.
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Fine Cuts has been manufacturing excellent cutlery for over 50 years. Management wants to hang a banner in the production facility with their mission statement. Which of the following statements would be on that banner?
Multiple Choice
a. "Over the next 10 years, we will be the top seller of cutlery worldwide and be known for our customer service."
b. "We hope to be the best, by being the best."
c. "We want to be the number one knife seller that all customers turn to when they think of buying a knife."
d. "We will always provide the highest-quality cutlery at the lowest cost to our customers and always give honest, winning customer service, thereby earning a fair profit for our stakeholders."
The statement of Option D could be on that banner so Option D would be the correct answer.
On the banner, the following promise would be written: "We will always offer our clients the highest-quality cutlery at the lowest cost, and we will always provide them with honest, excellent customer service, resulting in a fair profit for our stakeholders."
It is the most appropriate mission statement for fine cuts because it places greater attention on the current situation while providing an operational action plan and a path forward to achieve the organisation's goals.
Customer service is providing clients with immediate support whenever they need it via the channel of their choosing, including phone, email, or text.
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FILL IN THE BLANK the proliferation of ______has created market conditions in which dynamic pricing is becoming an increasingly popular choice among strategic marketers.
The proliferation of E-Commerce has created market conditions in which dynamic pricing is becoming an increasingly popular choice among strategic marketers.
E-commerce is the buying and selling of goods and services over the Internet.
This is done via computers, tablets, smartphones and other smart devices.
Today, almost anything can be purchased through e-commerce. Because of this, e-commerce is often highly competitive.
Some businesses choose to keep both, but may be an alternative to brick-and-mortar stores.
E-commerce operates in multiple market segments such as business-to-business, business-to-business, consumer-to-consumer, and consumer-to-consumer.
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Zion, Inc. declares a 10% stock dividend when there are 10,000 shares of $1 par value stock issued and outstanding and the market value is $5 per share. On the date of payment, Zion will issue the stock and record the transaction with which of the following entries? (Check all that apply.)
Debit to Common stock Dividend Distributable for $5,000.
Debit to Common Stock Dividend Distributable for $1,000.
Credit to Common Stock for $1,000.
Credit to Common Stock for $5,000.
Credit to Cash for $5,000.
Zion Issue the stock and record the transaction with debt to Common Stock Dividend Distributable for $1,000 to the Credit to Common Stock for $1,000.
Shares are a type of protection that gives stockholders a proportion of possession in an employer. shares also are known as “equities. “An inventory is a well-known time period used to describe the possession certificate of any enterprise. Maintaining a particular enterprise's proportion makes you a shareholder. Description: shares are of sorts—common and desired.
A stock is a sort of investment in an organization. agencies problem inventory shares to raise money that allows you to finance operational desires and to fuel growth, and traders buy the one's stock stocks for the possibility to generate a go back on their funding. A proportion is a monetary instrument that represents the component possession of an organization. An inventory is a financial tool that represents part possession in one or more establishments.
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Between 1/2008 and 12/2009 the monetary base of the Federal Reserve System increased from $1 trillion US. dollars to $3 trillion US dollars. T or F?
The following statement "Between 1/2008 and 12/2009 the monetary base of the Federal Reserve System increased from $1 trillion US. dollars to $3 trillion US dollars" is True.
The Federal Reserve System is the name given to the United States' central banking system. The Federal Reserve Act was enacted on December 23, 1913, in response to the necessity to centralise control of the monetary system in order to avert a financial catastrophe that had resulted from a series of financial panics.
Congress identified three key monetary policy objectives in the Federal Reserve Act. We will increase job creation, keep prices stable, and cut long-term interest rates. The dual mission of the Federal Reserve is another term for his first two objectives.
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which of the following statements are true? i. consumer surplus is the difference between the maximum price a consumer is willing to pay for a good or service and its market price. ii. bill is willing to pay $10 for two pounds of clay. if the market price for a pound of clay is $2, bill receives a total consumer surplus of $8 if he buys two pounds. iii. graphically, consumer surplus is represented by the area bounded by vertical axis, demand curve and market price.
The following statements are true for consumer surplus:
I. Consumer surplus is the difference between the maximum price a consumer is willing to pay for a good or service and its market price.
III. Graphically, consumer surplus is represented by the area bounded by vertical axis, demand curve and market price.
A customer's excess benefit is measured economically as consumer surplus. It is determined by examining the discrepancy between the price that consumers are willing to pay and the amount that they actually pay. When a product's market price exceeds the consumer's willingness to pay, a surplus results.
Marginal utility, which is the additional delight a person receives from consuming one more unit of a good or service, is the foundation of consumer surplus in economics. Due to varying personal tastes, the level of pleasure differs each customer. The idea states that a consumer's willingness to pay more for each additional unit of a product decreases as they purchase more of it owing to the product's declining marginal value.
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The different types of dataSuppose you have the following data set, which shows information about the inflation rate and gross domestic product (GDP) rate for a particular country in each quarter from 1990 to 2019.The following is an example of such a data set.Time PeriodInflationGDP(Percent)(Trillions of dollars)Q1 1990 2.1 3.4Q2 1990 2.4 3.6. . . . . . . . .Q4 2019 4.5 4.9The previous data set can best be classified as a _____ (Panel Or Time-Series or Cross-sectional) data set.
Given the following data set, the previous data set can best be classified as Time-Series data set.
Time-series data, often known as time-stamped data, is a set of data items that are indexed in time order. These data points are used to track change over time and generally consist of sequential measurements taken from the same source over a set time interval. Time series data is a set of observations gathered over time through repeated measurements. When the points are plotted on a graph, one of the axes will always represent time. A time series metric is a piece of data that is tracked at a certain point in time. A metric might, for example, relate to how much merchandise was sold in a business from one day to the next. As our environment becomes more instrumented, sensors and devices continuously output a steady stream of time series data. This type of data has significant uses in a variety of businesses.
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which of the following statements about manufacturing overhead costs is not correct? multiple choice all manufacturing costs other than direct materials and direct labor are classified as manufacturing overhead costs. all manufacturing costs other than direct materials and direct labor are entered directly into the manufacturing overhead account. depreciation on factory equipment is recorded with a debit to depreciation expense. manufacturing overhead costs are recorded with a debit to manufacturing overhead account as they are incurred.
Depreciation on factory equipment is recorded with a debit to Depreciation Expense statements about manufacturing overhead costs is not correct.
What is depreciation?
The idea of deprecation spreads out an asset's cost over the course of its useful life while admitting that means lose value over time. A fixed asset's cost can be methodically written off throughout the length of its useful life by using deprecation.
How do I determine deprecation?
Abate the asset's cost from its salvage value( what you anticipate it to be worth at the end of its useful life) to determine deprecation using the straight- line fashion. The quantum that can be downgraded, or the depreciable base, is the outgrowth. Abate this sum from the asset's useful life, which is measured in times.
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in a cap-and-trade program: group of answer choices each firm is provided a fixed number of permits for a particular pollutant and no individual firm is allowed to acquire additional permits. government fixes the price of pollution rights and firms choose how many permits to purchase. government fixes the maximum amount of a pollutant that firms can discharge and issues permits that firms can buy from and sell to each other. firms can emit whatever type of pollutant they want, so long as the total tonnage does not exceed a government-established quantity.
In a cap-and-trade program firms can emit whatever type of pollutant they want, so long as the total tonnage does not exceed a government-established quantity.
What is cap-and-trade program?
Cap-and-trade is a system that establishes a "cap" on maximum emissions in order to reduce aggregate emissions from a group of emitters. It is referred to be a market bases approach to lower total pollutant emissions and promote corporate investment in fossil fuel substitutes and energy efficiency. It is a market tool where a government sets a "cap" or restriction on the overall allowed emission of greenhouse gases. A programme like this would require greenhouse gas emitters to pay for each tonne of carbon dioxide or carbon dioxide equivalent they release into the atmosphere.
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