Consumer surplus will remain the same when a monopolist goes from single-price monopoly to perfect price discrimination.
What transpires to the surplus of consumers in a monopoly?Consumer surplus is always smaller under monopolies (relative to perfect competition). However, it's possible that the rise in company profits will more than make up for the fall in consumer surplus.
When a company charges each customer their maximum willingness to pay, which is indicated by the demand curve, this is referred to as first degree or perfect price discrimination. The firm should choose its production at the point where MR=MC, as it is in other situations.
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What are the 2 purposes of a checking account?.
A checking account is a type of bank account that enables simple deposits and withdrawals of cash for everyday uses.
What is a checking account?A checking account is a sort of bank account that enables simple deposits and withdrawals of cash for everyday uses. This could involve depositing a check you receive, withdrawing money using a debit card, or setting up direct deposit for your paychecks.Checking accounts are among the most accessible types of bank accounts, giving you quick access to your money. They frequently provide limitless deposits and withdrawals (however, depending on the bank, they could have daily maximums ranging from $300 to $5,000).A checking account's main function is to secure your funds for a brief period of time so that they are accessible when you need them to cover expenses like bills. A portion of your earnings can be transferred to a savings or investment account where they can grow over time if you choose to have your paychecks directly deposited into your checking account (direct deposit). Checking accounts shouldn't be used for long-term objectives, like saving for a house, because you only earn a tiny amount of interest—usually around.04 percent—on them. There is always the chance to earn a little bit more interest if you keep more money in your account, though, as some banks may offer different tiers for their checking accounts.To Learn more About checking account refer to:
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hansen corporation adopted dollar-value lifo as of january1, when it had an inventory of 782,000. hansens inventory as of december 31, was 806000 at the year end costs and the cost index was 1.04. what was dvl inventory
The dollar-value approach of valuing LIFO inventories is a technique of deciding value by means of using “base-year” prices expressed in whole dollars alternatively than the quantity and rate of specific items as the unit of measurement.
Under this method, the taxpayer groups goods contained in the stock into a pool(s).
How is LIFO inventory fee calculated?To calculate FIFO (First-In, First Out) decide the fee of your oldest inventory and multiply that value by the quantity of inventory sold, whereas to calculate LIFO (Last-in, First-Out) decide the fee of your most current inventory and multiply it by way of the amount of stock sold.
Dollar-value LIFO is an accounting technique used for stock that follows the last-in-first-out model and assigns dollar quantities to stock pieces.
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https://brainly.com/question/16846192#SPJ4When must you sign a deposit slip? a. you must always sign a deposit slip. b. you only need to sign a deposit slip when receiving cash. c. you only need to sign a deposit slip when using an atm, rather than depositing at the bank. d. you never need to sign a deposit slip. your account information is enough. please select the best answer from the choices provided a b c d
One must sign a deposit slip when one needs to sign a deposit slip when receiving cash (option b).
What is a deposit slip?A deposit slip is a small document used when depositing into a bank account. It typically lists out the date, name of the account holder, account number, and amount of deposit. It also contains a space for the customer to provide their signature, which is necessary to verify the transaction. The deposit slip is used as proof of the deposit and is typically kept by the bank for their records. Customers need to make sure that their deposit slip is filled out correctly, to ensure that the funds are deposited into the correct account.
A deposit slip is required to document and record the deposit of cash. This information is important for both the depositor and the bank. The depositor needs to ensure that the amount of cash deposited is accurate and credited to the correct account. The bank needs to ensure that proper accounting procedures are followed and that the deposit is accurately documented and recorded.
It can be concluded that one must sign a deposit slip when one needs to sign a deposit slip when receiving cash (option b).
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Alleyway corp manufactures two styles of leather bowling bag, the Strike and Turkey. Budgeted production levels for October follow:
Production Strike Turkey
2,500 bags 3,200 bags
Two departments, Cutting and Sewing, produce the bowling bags. Direct Labor hours needed for each style are as follows:
Cutting Sewing
Strike 0.1 hr per bag 0.35 hr per bag
Turkey 0.3 hr per bag 0.35 hr per bag
Hourly direct labor rates are $13 for cutting department and $15 for Sewing.
Required:
Determine Alleyways Budgeted direct labor cost for October. (Round to the nearest whole dollar)
Budgeted Direct Labor Cost Cutting Sewing
? ?
Total budgeted direct labor costs are $45,130. It is involving total labor costs Cutting department and also Total labor costs Sewing department.
A budget refers to an estimation about the plan you write down to decide how you will spend your money each month.
Total production = 2,500 + 3,200 = 5,700 units
Determine total cutting hours:
Strike = 2,500 x 0.1 = 250
Turkey = 3,200 x 0.3 = 960
Total cutting hours = 1,210
Determine total Sewing hours
Strike = 0.35 x 2,500 = 875
Turkey = 0.35 x 3,100 = 1,085
Total Sewing hours = 1,960
Cost per hour - Cutting $ 13 per hour
Hence, Total labor costs Cutting department = $13 x 1,210 = $15,730
Cost per hour Sewing $15
Hence, Total labor costs Sewing department = $15 x 1,960 = $29,400
Total Budgeted Direct Labor costs
= Total labor costs Cutting department + Total labor costs Sewing department
= $15,730 + $29,400
= $45,130
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if the exchange rate is 80 yen per dollar, then a hotel room in tokyo that costs 25,000 yen costs $200. a. true b. false
If the exchange amount of rate is 80 yen for given per dollar, then any hotel room at tokyo that charge or costs 25,000 yen is costs $200 is False.
Current global change prices are decided with the aid of using a controlled floating change fee. A controlled floating change fee method that every currency's cost is tormented by the monetary movements of its authorities or principal bank. Currency conversion prices vary among groups as every employer manipulates the interbank fee to make a profit.
This is normally finished on volume; the better the volume, the nearer you get to the interbank fee. We encounter plenty of competition that put up interbank prices on line as a bait to hook new clients, but, as soon as clients are onboard, they extrade the fee drastically, now no longer normally withinside the clients' favour.
The hotel room cost in tokyo which charge or costs 25000 yen
then cost = 25000 / 80
cost = $312.5 ( which is not equals to $200)
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pay for performance, basing pay on one's results, is also known as (fill in the blank) pay. multiple choice question.
Merit is another name for pay for performance, which bases pay on one's performance.
What is performance related pay?Performance-based compensation attempts to give employees an incentive for maximizing the value they contribute to the firm while also acknowledging that people performing the same job can differ substantially in terms of that value. piecework schedule
Key learnings: Performance-based pay is compensation that is directly related to an employee's contributions to a firm or the financial success of the organization during the pay period.
Performance-related pay (PRP) is a method of controlling compensation that links income advancement to an evaluation of a person's performance, typically as assessed in comparison to pre-established goals. It is also referred to as merit pay or individual PRP.
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10. in addition to training for your personnel on the proper use of ttc equipment, your agency should also consider?
in addition to training for your personnel on the proper use of ttc equipment, your agency should also consider Developing a means for personnel to provide feedback on the use of TTC devices
What is a feedback?Feedback can be considerd as the information that can be gotten from ther use of a particular product about reactions to a product, and this can as well be a person's performance of a task and can be used as a basis for improvement.
In conclusion, the feedback about the equipent can be seen as one tnaqt can bring improvement.
Therefore, the first option is correct.
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missing options:
Developing a means for personnel to provide feedback on the use of TTC devices
Purchasing larger vehicles to carry TTC devices
Adding to staff to properly deploy TTC devices
Changing the color of your emergency vehicles
marketers classify innovations in three main ways: (1) the degree of novelty, (2) the type of benefits offered, and (3) the:
Marketers classify innovations into three main ways: the degree of novelty, the type of benefits offered, and the breadth of innovation.
Innovation is simply a change that adds value to an existing product or service. In the entrepreneurial context, innovation is any new idea, process, product, or change to an existing product or process that adds value to that existing product or service.
Today's competitive landscape heavily relies on innovation. Innovation is critical across all industries; however, it's important to avoid using it as a buzzword and instead take time to thoroughly understand the innovation process.
Some importance of innovations is it allows adaptability, foster growth, and separates businesses from their competition. Innovation can help you stay ahead of the curve and grow your company in the process.
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if the risk premium on the stock market was 6.81 percent and the risk-free rate was 2.55 percent, what was the stock market return?
The stock market return would be 9.36% if the risk premium on the stock market was 6.81 percent and the risk-free rate was 2.55 percent.
The nominal change in the dollar value of an investment over time can be used to describe a return. The ratio of profit to investment can be used to calculate a return as a percentage.
Every stock market investor should consider the stock market return, which is the amount they gain or lose over time. An indication of the rate of return a stock market has provided from its beginning is the average annual return on equity.
Rp = Rm - Rf
where,
Rp = Risk Premium
Rm = Stock Market return
Rf = Risk free rate = 2.55%
Hence,
Rp = Rm - Rf
6.81 = Rm - 2.55
Rm = 6.81 + 2.5
Risk Premium = 9.36
Therefore, the stock market return is 9.36%
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Reading minutes of meetings held after the date of the financial statements and reviewing the entity's latest interim financial statements are two procedures that can be performed specially to identify the existence of material
subsequent
Reading minutes of meetings held after the date of the financial statements and reviewing the entity's latest interim financial statements are two procedures that can be performed specially to identify the existence of material
subsequent events.
Effective Board of Director meeting minutes keep the organisation on course and advancing its objective. However, minutes not only include crucial information for your company, but also for your next audit. These incidents are referred to as "subsequent events" moving forward.
Typically, historical financial statements that claim to depict the financial situation as of a given date as well as the results of operations and cash flows for the period concluded on that date are accompanied by an independent auditor's report. But occasionally, after the balance-sheet date but before the financial statements are released, events or transactions take place that materially affect the financial statements and necessitate an adjustment or disclosure in the statements.
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below you can see actual historical sales data for a service. you plan to obtain several more years of data so that you can computes average seasonal indexes. but for now compute the seasonal index for each period. actual sales spring 603 summer 649 winter 401 fall 345 (hint, the si's need to add up to the number of periods, which in this case is 4) the si values are
Average of Sales = 499.5 units (500 units)
SI values:
Spring = 1.21Summer = 0.30Winter = 0.80Fall = 0.69You may easily get the total amount of all sales orders inside the selected timeframe and divide it by the intervals to determine the average sales for your chosen period. For instance, multiplying the value of sales for a year by 12 will yield the average sales per month (the number of months in the year).
SI = Actual sales for that season / average sales per season.
Actual Sales SI
A SI = A/ Average Sales
Spring 603 1.21
Summer 649 1.30
Winter 401 0.80
Fall 345 0.69
Average A 499.5
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TRUE/FALSE. ieps are of limited use in addressing the behavior of students because they set goals only for the student's cognitive and physical progress.
FALSE. ieps are of limited use in addressing the behavior of students because they set goals only for the student's cognitive and physical progress.
The tests, quizzes, writing projects, and other evaluations that teachers regularly give their students in the classroom are the ones that are best suited to help students learn how to improve. Because these tests' outcomes directly relate to the objectives of classroom instruction, teachers have confidence in their findings.
Reactive rather than preventive steps should be taken when managing behavior. Most students occasionally behave inappropriately. Problems can be ignored if they are short-lived, of restricted scope, and don't get in the way of learning.
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Maple Corp., a calendar-year corporation, was formed three years ago by its sole shareholder, Brady, who immediately elected S corporation status. On December 31 of the current year, Maple distributed $33,000 cash to Brady.
What is the amount and character of gain Brady must recognize on the distribution in each of the following alternative scenarios? (Leave no answer blank. Enter zero if applicable.)
a. At the time of the distribution, Brady’s basis in his Maple Corp. stock was $38,600.
b. At the time of the distribution, Brady’s basis in his Maple Corp. stock was $9,500.
c. At the time of the distribution, Brady’s basis in his Maple Corp. stock was $0.
The amount of gain for Brady's basis stock was $38,600 is $0 capital gain, and for Brady's basis stock was $9,500 is $23,500 long term capital gain, and for Brady's basis was $0 is $33,000 long term capital gain.
How to calculate gain in stock?Gain or capital gain in stock have two type, short-term and long-term. Short term capital gain is gain from capital for periods of less than 1 year or 12 months. Long term capital gain is gain from capital for periods of more than 1 year or 12 months.
Brady have stock in Marple Corp. for three years, so it will be long term capital gain.
Capital gain can be calculated by this formula,
Capital gain = cash distributed - Basis stock
For basis stock was $38,600
Capital gain = $33,000 - $38,600
Capital gain = -$5,600
Since, the capital gain result in negative this indicate no capital gain for Brady and Brady's stock basis reduced from $38,600 to $5,600. So, Brady recognized $0 capital gain.
For basis stock was $9,500
Capital gain = $33,000 - $9,500
Capital gain = $23,500
This indicate the Brady's stock basis reduced to $0 and Brady recognized $23,500 long term capital gain.
For basis stock was $0
Capital gain = $33,000 - $0
Capital gain = $33,000
This indicate the Brady's stock basis would remain at $0 and Brady recognized $33,000 long term capital gain.
Thus, Brady's amount and character of capital gain is $0 capital gain at basis stock $38,600, and $23,500 long term capital gain at basis stock $9,500, and $33,000 long term capital gain at basis stock $0.
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A company sells merchandise to a customer on credit. The journal entry to record this transaction would include a debit entry to the Accounts BLANK account.
receivable
Receivable
Accounts receivable are amounts owed to a business by customers for credit sales invoiced to them on account. When a customer pays an invoice, an account receivable collection journal entry is required to clear the amount on their account
When a company sells merchandise to a customer on account the entry would include?
When Merchandise Are Sold on Account. When merchandise are sold on account, the two accounts involved in the transaction are the accounts receivable account and sales account. The accounts receivable account is debited and the sales account is credited.
What is the journal entry to collect from a customer on account?
A company sells merchandise to a customer on credit. The journal entry to record this transaction would include a debit entry to the Accounts BLANK account. receivable
Where the sale of merchandise on account is recorded?
Likewise, as the sales revenue account is a source of income, any rise in income will be credited. Therefore, a merchandise sale made on credit would be recorded in a sales journal.
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ou buy a new piece of equipment for $7,360, and you receive a cash inflow of $1,000 per year for 10 years. what is the internal rate of return?
Total answers posted by the expert is: 10813
ou buy a new piece of equipment for $7,360, and you receive a cash inflow of $1,000 per year for 10 years. what is the internal rate of return?
Total answers posted by the expert is: 10813
If you check an annuity table you will find the factor for 6% at 10 years is 7.3601.
So the value is 7,360 which offsets the cost of the new equipment so the internal rate of return is 6%.
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which of the following would result in a cash outflow from investing activities? multiple choice question. purchase of the company's common stock for cash. purchase of inventory for cash. purchase of a machine for cash.
'Purchase of a machine for cash' would result in a cash outflow from investing activities. The correct answer option is D.
Cash outflow from investing activities is one of the sections on the cash flow statement that defines how much cash has been spent in many investment-related activities in a specific time period. Investing activities include investments in securities, purchases of physical assets, or the sale of securities or assets.
Negative cash outflows is often associated with an organization's poor performance. However, negative cash outflow from investing activities might be because of the significant amounts of cash being invested in the long-term health of the organization, such as research and development.
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a bank closing one of its branch locations at midday to balance transactions because it is efficient for the bank, even though it is not convenient for customers who want to do their banking during the lunch hour, is an example of a gap between
An example of a gap between consumers' expectations and management's perceptions.
Servqual is a multidimensional survey tool for measuring service quality by capturing respondents' expectations and perceptions along five dimensions of service quality. Maturity is the time when sales start to plateau from the boom.
At this point, companies will start cutting prices to remain competitive in the face of increased competition. The main difference between services and goods is that services are governed by intangible parts of the overall product. An intangible product involves an act achievement or effort that cannot be physically possessed. The demand curve for prestige products is downward sloping. This is the most common method of measuring subjective elements of service quality.
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which of the following is a recovery site that may have electricity connected, but there are no servers installed and no high-speed data lines present?
Cold site is a recovery site that may have electricity connected, but there are no servers installed and no high-speed data lines present.
A backup location that possesses the structural, electrical, and mechanical elements of a computer facility but is devoid of the associated technology. In the case of a major loss to the primary work site or datacenter, the cold site offers electricity, cooling, and/or office space where workers may wait.
A backup facility known as a "cold site" is one that has little to no gear installed. A cold site is simply an office with standard amenities including power, a cooling system, air conditioning, and other communication tools.
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the company has predicted a sales increase of 12 percent. it has predicted that every item on the balance sheet will increase by 12 percent as well. create the pro forma statements and reconcile them. (input all answers as positive values. do not round intermediate calculations.)
The agency has anticipated a income boom of 12 percentage then the solution is 16372.16.
The required details for Sales in given paragraph
Sales are sports associated with promoting or the quantity of products bought in a given centered time period. The shipping of a carrier for a fee is likewise taken into consideration a sale. The seller, or the issuer of the products or services, completes a sale in reaction to an acquisition, appropriation, requisition, or an immediate interplay with the client on the factor of sale. There is a passing of title (assets or possession) of the object, and the agreement of a rate, wherein settlement is reached on a rate for which switch of possession of the object will occur. The seller, now no longer the purchaser, normally executes the sale and it is able to be finished previous to the duty of payment.
In the case of oblique interplay, someone who sells items or carrier on behalf of the proprietor is called a salesperson or saleswoman or salesperson, however this regularly refers to a person promoting items in a store/keep, wherein case different phrases also are common, such as salesclerk, keep assistant, and retail clerk.
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a holder of a $3,000, 10%, 120-day note dated june 2 decides to sell the note at a discount. the note is sold on july 23 at a discount of 12%. find the proceeds.
The proceeds would be $2,764.10.
What is proceed?
The verb proceed denotes movement or progress. "Ready, set, go!" doesn't have quite the same ring to it, though. The verb proceed simply means to continue, especially after an interruption. It comes from latin procedere, which means "go forward, advance." Advancement and progress are synonyms. It's really difficult is for conversation to flow when people keep interrupting. When crossing a busy street, exercise caution, however if the light turns red, move quickly!
The calculation is as follows:
Principal = $3,000
Discount Rate = 12%
Days = 53 (120 days - 67 days)
Proceeds = Principal - (Principal x (Discount Rate x Days/360))
Proceeds = $3,000 - ($3,000 x (0.12 x 53/360))
Proceeds = $3,000 - ($3,000 x 0.0783)
Proceeds = $3,000 - $235.90
Proceeds = $2,764.10
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which of the following is a source of competitive advantage for a company and is the basis for the product differentiation that tends to dominate the industry? a. dominant design b. public domain c. paradigm shift d. first mover e. technical standard
The option that serves as a source of competitive advantage for a company and is the basis for the product differentiation that tends to dominate the industry is e. technical standard.
What is competitive advantage?A competitive advantage can be described as anything nwhich can provide a company an edge over its competitors, which do help them to it attract more customers and grow its market shareb however the competitive advantage can be achieved in these three primary forms which encompass the Cost advantage thtas involves the process of producing a product as well as providing a service at a lower cost than competitors.
In conclusion, In business, a competitive advantage can be perceiuved as the attribute that allows an organization to outperform its competitors, hence the product differentiation which can help in dominating the industry so as to achive the competitive advantage is technical standard.
Therefore, option E is correct.
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several states mandate that school district boundaries follow county lines, while other states allow several school districts to locate in the same county. assume that county size is approximately the same in both of these groups of states. suppose both groups are considering implementing school vouchers, and proponents in both groups argue that increased competition will lead to greater efficiency. which group of states is more likely to achieve greater efficiency gains? hint: think about tiebout sorting.
Several states require school district boundaries to follow county lines, while others allow multiple school districts to be located in the same county.
The next most common state rule is the requirement to follow political boundaries, such as county, city, town, or district lines, when drawing districts. By State Most school districts in the US are independent local governments that have the authority to determine their geographic boundaries. These limits may o Population change in the United States, by county, from 1990 to 2000. Credit: 1990 and 2000 decennial censuses. The following sampling methods are examples of probability sampling,Simple Random Sampling (SRS),Stratified sampling, cluster sampling,Systematic Sampling.
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Dividends declared during the year were $54,000. The dividends payable account decreased by $8,000. Which of the following will appear in the Financing Activities section of the statement of cash flows?
A. Cash paid for dividends, $(62,000)
B. Cash paid for dividends, $(46,000)
C. Change in dividends payable, $(8,000)
D. Dividends declared, $(54,000)
A. Cash paid for dividends, $(62,000)
Cash paid for dividends, $[tex](46,000)[/tex]
Cash paid for dividends = declared during the year-decreased dividends payable
=[tex]$54,000-8,000=$46000[/tex]
A cash dividend is a payment made from the corporation's current earnings or accumulated profits to stockholders in general. Instead of being distributed as a stock dividend or another kind of value, cash dividends are paid in cash. 33 For a financial organization, operating cash flows are often defined as interest paid, interest and dividends received, and interest paid. The journal entry would be a negative to retained earnings and a credit to dividend due because cash dividends are paid from the company's retained earnings. Recognizing that the actual cash outflow doesn't happen until the payment date is crucial.
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suppose the nominal interest rate is 4%, and the expected inflation rate is 1%. the real interest rate is then %
(a) The real interest rate is then 1.4% Answer : Given the initial values, −= (1 - .30).01 - .03 = 0.012 = 1.4%.
An interest rate that has been modified to account for inflation is known as a real interest rate. Once modified, it reflects the actual cost of borrowing money for a borrower and the actual yield received by a lender or investment. A real interest rate reflects the rate at which current things are preferred over future goods over time.
Real interest rates are interest rates that have been adjusted to reflect inflation. Once updated, it now accurately depicts the borrower's true borrowing costs as well as the lender's or investment's actual yield. Real interest rates depict the rate at which current items are gradually preferred over future ones.
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what will be the effect of a technological development that reduces marginal cost in a competitive market
An increase in revenues and economic benefit for each firm and the industry would result from such new technology that lowers marginal costs, but in the long run, there would be a progressive loss of relative competitive advantages until a new equilibrium was achieved.
Market pricing will decrease and output will increase when the supply curve for the market shifts to the right. There will be no profit for any firm since the price will have dropped sufficiently for no profit to be made by any firm.
What is perfectly competitive market?In a market system known as perfect competition, every company or corporation is offering the same good or service, and because they have no influence over their product prices, they are more likely to be price takers. Customers in this market have complete or perfect knowledge of the goods being sold. They are aware of whose company and what price a given product is sold for. There are no impediments to entry or exit for such firms, and there is full resource mobility, especially in terms of labor.
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suppose the population of a country increases at a steady rate of 6% per year. if the population is 40 million at a certain time, what will it be (in millions) 35 years later? (round your answer to the nearest tenth of a million.)
If the population of a country increases at a steady rate of 6% per year and is 40 million at a certain time , then after 35 year it will be 1.24 × 10 to the power 8.
What Is the Population Like?An complete group of people is referred to as a population, whether that group is a nation or a collection of individuals who share a given characteristic. In statistics, a population is the group of individuals from which a statistical sample is drawn.
What different population types exist?A population is a recognized collection of items used for analysis and data collection. People and animals are two examples. It is made up of a group of closely related species that can interbreed and exist in one place.
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Match each cloud computing definition on the left with the appropriate characteristic on the right. Each characteristic may be used once, more than once, or not at all.
Provides resources to a single organization. [Private cloud]
Combines public, private, and community cloud resources from different service providers.
[Hybrid cloud]
Designed to be shared by several organizations.
[Community cloud]
Provides computing resources that are accessible by the general public.
[Public cloud]
Keeps one organization data separate and secure from any other organization using the same service provider.
[Private cloud]
Provides resources to a single organization. [Private cloud]
Combines public, private, and community cloud resources from different service providers. [Hybrid cloud]
Designed to be shared by several organizations. [Community cloud]
Provides computing resources that are accessible to the general public [Public cloud]
Keeps one organization's data separate and secure from any other organization using the same service provider. [Private cloud]
Private cloud gives an excessive stage of protection and privateness to records through firewalls and internal website hosting. It also guarantees that operational and touchy statistics aren't handy to 0.33-birthday party companies. HP statistics centers, Microsoft, Elastra-non-public cloud, and Ubuntu are examples of private clouds.
Within the public cloud area, AWS offers services consisting of the Amazon Elastic Compute Cloud (Amazon Amazon EC2), which gives infrastructure and offerings over the public internet and is hosted at an identified AWS location (as an instance, Canada principal ).
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Based on this information, what was yesterday’s price for parchar special effects? a. $114.36 b. $109.47 c. $106.81 d. $119.25
Based on this information, what was yesterday€™s price for parchar special effects $119.25.
Stocks are taken into consideration to be liquid belongings due to the fact you could without problems purchase and promote them at the inventory market. Bonds, meanwhile, are taken into consideration to be much less liquid (aleven though now no longer absolutely illiquid) due to the fact you can keep onto them till maturity.
The finest distinction among shares and bonds are their danger tiers and their go back potential. Speaking very generally, shares have traditionally provided better returns than bonds however additionally include improved danger. While you can earn greater with shares, you can additionally stand to lose greater.
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Consider a population of 3000 people, 1400 of whom are men. Assume that 700 of the women in this population earn at least $60,000 per year, and 500 of the men earn less than $60,000 per year.
What is the probability that a randomly selected person from this population earns less than $60,000 per year?
If a randomly selected person is observed to earn less than $60,000 per year, what is the probability that this person is a man?
If a randomly selected person is observed to earn at least $60,000 per year, what is the probability that this person is a woman?
The probability that this person is a woman is 0.4375.
Probability is the department of mathematics concerning numerical descriptions of ways probable an event is to occur, or how in all likelihood it's miles that a proposition is proper. The opportunity of an occasion is quite a number between zero and 1, wherein, roughly speaking, zero suggests the impossibility of the event and 1 suggests certainty.
Probability is calculated by way of dividing the number of approaches the occasion can occur via the overall variety of outcomes. probability and odds are exceptional principles. Odds are the opportunity that something takes place divided by way of the possibility that it would not take place.
Calculation:-
required probability
1400/3000 × 500/1400 × 900/1600
= 0.467
B. 500/1401 = 0.35688
c. Required 700/3000 / 700/3000+ 900/3000 = 0.4375
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Strong ties to family and friends can be restrictive to the entrepreneur because they are less likely to challenge our ideas
Strong bonds with friends and family can limit an entrepreneur because they are less likely to challenge our ideas. Even though there is only one owner in a sole proprietorship officially, the business can be legally controlled by two or more people.
Entrepreneurship is essentially the process of planning, setting up, and managing a new business in order to make money while taking on financial risk. In a broader sense, entrepreneurship is the process of changing the status quo by addressing the most pressing issues and pain points in our society.
An entrepreneur is someone who has an idea and works to develop a good product or service that people will purchase, as well as a business to support that effort. An entrepreneur is viewed as a visionary or an innovator because they take on the majority of the risk and responsibility for their new company.
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