Marginal analysis studies how individuals decide on the allocation of resources by comparing the additional benefits of an activity to the additional costs incurred.
Marginal analysis is a tool used by economists to help make decisions about how to allocate resources in the most efficient way possible. Marginal analysis looks at the additional benefits and costs of an activity to determine if it is worth pursuing. If the additional benefits outweigh the additional costs, then the activity is worth pursuing. If the additional costs outweigh the additional benefits, then the activity should not be pursued.
Marginal analysis is a decision making tool in projecting the maximum potential profits for the company by comparing the costs and benefits of an activity. Marginal analysis is important on observing changes and evaluate the opportunity cost of an action.
Overall, marginal analysis is an important tool in economics that helps individuals and businesses make informed decisions about how to allocate resources in the most efficient way possible.
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Detailed categories on your budget will help you make better spending decisions.
A. True
B. False
True - Detailed categories on your budget can help you make better spending decisions.
What is meant by Budget?A budget is a financial plan that outlines your income and expenses. By tracking your expenses, you can get a better understanding of where your money is going and make more informed decisions about how to allocate your funds.
Additionally, breaking down your expenses into categories can help you prioritize your spending. If you have a specific savings goal, such as saving for a down payment on a house, you can create a category for "savings" and allocate funds accordingly. This can help you to stay on track with your goals and make more intentional spending decisions.
Overall, having detailed categories on your budget can provide a more accurate picture of your spending habits, help you identify areas where you can make cuts or adjustments, and help you to prioritize your spending based on your goals and values.
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under the requirements of the usa patriot act, when opening an account for a non-resident alien, the registered representative must obtain which of the following from the customer? a united states passport number b united states social security number c foreign country passport number d foreign country tax identification number
Under the requirements of the USA patriot act, when opening an account for a non-resident alien, the registered representative must obtain foreign country passport number and united states tax identification number.
What distinguishes resident aliens from nonresident aliens?
The paperwork involved and the type of income taxed are the key distinctions between the two.
In contrast to non-resident aliens, who are only subject to the tax rate on income derived from domestic sources, resident aliens in the United States must pay taxes on all of their income, regardless of where it was obtained.
What makes you a non-resident, exactly?
Except if you satisfy one of two conditions, if you are not a citizen of the United States, you are regarded as a nonresident of the United States for tax reasons.
If you pass the green card test or the significant presence test for the calendar year, you are a resident of the United States for tax purposes (January 1 – December 31).
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exercise 15-21 (static) preparing an income statement and determining inventory balances lo p3 tyler corporation reports the following results for its first month of operations ended december 31. overhead is applied using a predetermined overhead rate of 80% of direct materials cost. raw materials purchased $ 18,400 sales $ 36,000 direct materials used 12,000 cost of goods sold 28,400 direct labor used 18,400 selling expenses 2,100 cost of goods manufactured 32,000 general and administrative expenses 3,200 1. prepare an income statement for the month ended december 31. 2. determine the december 31 ending inventory balances for raw materials, work in process, and finished goods. hint: because tyler is in its first month of operations, each account begins with a $0 balance; also, there were no indirect materials used this month.
$2,300 is shown in an income statement for the month ending December 31.
What is the main purpose of an income statement?An income statement is used to show a company's financial performance over time. It describes the financial activities of a company. An income statement includes all revenue and expense account for a specific time period.
Given
Sales =$36,000
COGS = $28,400
Selling Expenses =$2,100
general and administrative expenses = $3,200
Required calculating the income statement =?
income statement = 36000 - 28400 - 2100 - 3200 = $2,300
An income statement is a financial statement that shows the company's income and expenses. It also indicates whether a company is profitable or losing money over a given time period. The income statement, along with the balance sheet and cash flow statement, helps you understand your company's financial health.
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Which of these explain why growth is an important economic goal?A- It increases real wages and incomes.B- It increases standards of living.C- It increases a society's ability to resolve socioeconomic problems.
Growth is an important economic goal because
It improves living conditions.As a result, real wages and earnings increase.It strengthens a society's ability to handle socioeconomic problems.Why is economic growth a crucial goal?With quicker GDP growth, the size of the economy as a whole grows, which also improves fiscal conditions. A broadly shared increase in per capita GDP raises the material standard of living for the typical American.
What fundamental concept clarifies how economies grow?Economic growth, which is defined as an increase in people's real income, shows that the ratio of people's income to the prices of the items they may purchase is rising; as a result, goods and services are more freely available, and people experience less poverty.
What growth-related economic metric is most significant?The data that GDP gives about the size and health of an economy can be used to explain why it is important. Real GDP growth is widely used as an indicator of how the economy is doing overall. Generally speaking, real GDP growth is regarded as a sign that the economy is doing well.
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in organizational buying, objective attributes of a supplier's products and the capabilities of the supplier itself are known as .multiple choice question.
In organizational buying, objective attributes of a supplier's products and the capabilities of the supplier itself are known as Qualification criteria. So the option D is correct.
Qualification criteria are the criteria used by an organization to evaluate potential suppliers and their products. They are based on objective attributes of the supplier and its products, such as price, quality, reliability, delivery, and customer service.
Qualification criteria can also include other factors, such as the supplier’s financial stability, its track record, and its ability to provide innovative solutions. Organizations use qualification criteria to identify and select the best supplier for their needs.
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The complete question is:
In organizational buying, objective attributes of a supplier's products and the capabilities of the supplier itself are known as .multiple choice question.
A. Tangible attributes
B. Intangible attributes
C. Qualitative attributes
D. Qualification criteria
_____segmentation is a very specific form of behavioral segmentation by which segments are formed based on when a product or service is purchased or consumed.
Temporal segmentation is a very specific form of behavioral segmentation by which segments are formed based on when a product or service
What exactly is spatial segmentation?One type of behavioral segmentation is temporal segmentation, in which consumers are divided into groups based on when they buy or use a product or service.
Using this method, a market can be divided into groups based on how long customers spend using a product or service. Businesses that offer goods or services that are only available during specific times of the year, such as clothing for the holidays or other special occasions, can benefit greatly from this kind of segmentation.
Businesses can better target their marketing and sales efforts, optimize production schedules, and enhance the overall customer experience by comprehending the temporal patterns of customer behavior.
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what explains the rapid growth of ridesharing companies such as uber and lyft? do these same factors explain the growth of similar companies such as bird and lime (scooters)?
The rapid growth of ridesharing companies ridesharing company also referred to as transportation network company or ride-hailing service matches customers with drivers of vehicles for hire that, unlike taxicabs, cannot be legally flagged down on the street via websites and mobile apps. These vehicles are referred to as app-taxis or e-taxis.
Depending on the jurisdiction, ridesharing businesses may or may not be allowed; in other places, they have been outlawed and are regarded as illegal taxicab operations.
Regulations can cover things like minimum salary requirements, fare limits, insurance regulations, license requirements, and background check specifications for drivers.
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you just welcomed a new baby girl to your family today. you want your daughter to go to harvard in 18 years for her college education. this year, tuition and fee are $60,000 if she were attending today. you expect the cost to increase by 4% each year. assume the full amount is payable at the beginning of each year. your savings account earns an annual rate of 6% but is compounded monthly. (challenge problem) if you are going to make a monthly deposit at the beginning of each month starting a month from today until the first month your daughter starts college in 18 years, how much do you have to put in every month?
Option a: $121,549 will be the cost of attending for one year when she starts college in 18 years.
A savings account is an interest-bearing savings account at a bank/other financial institution.
These accounts typically pay moderate interest rates, but their security and reliability make them a great option for storing the cash you need for short-term needs.
Savings accounts have some limits on how often you can withdraw your money, but they are generally very flexible, allowing you to build an emergency fund, save for short-term goals like buying a car/vacation/ just ideal for cleaning out excess cash.
You don't need it in your checking account to earn more interest.
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Complete question:
You just welcomed a new baby girl to your family today. You want your daughter to go to Harvard in 18 years for her college education. This year, tuition and fee are $60,000 if she were attending today. You expect the cost to increase by 4% each year. Assume the full amount is payable at the beginning of each year. Your savings account earns an annual rate of 6% but is compounded monthly.
What will be the cost of attending for one year when she starts college in 18 years?
- $121,549
- $85,695
- $144,397
- $126,411
Rising prices signal consumers to purchase less and producers to supply more. Falling prices signal consumers to purchase more and producers to supply less. Prices will stop rising or falling when they reach the new equilibrium price: the price at which the quantity consumers demand matches the quantity that producers supply. “Gasoline Price Changes: The Dynamic of Supply, Demand, and Competition” Federal Trade Commission, 2005 Based on the text, what is the relationship between supply, demand, and equilibrium price? Group of answer choices Equilibrium price is the average of supply and demand prices. Equilibrium price is achieved when supply matches demand. Equilibrium price is determined when a majority of suppliers lowers prices to increase demand. Equilibrium price is determined when a majority of consumers pays a higher price.
Equilibrium price is achieved when supply matches demand.
What is the Equilibrium ?Equilibrium is a state of balance between different forces, where opposing forces are equal to each other and there is no unbalanced force in a system. It is a principle of nature which states that in a closed system, whether physical, chemical or biological, the forces of the system must be equal and opposite. This is important in understanding how systems interact with each other, and how they can remain in balance in order to maintain their stability. Equilibrium is a universal principle that exists in all systems and is essential for them to maintain their stability.
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diversity management involves which of the following? question 49 options: a) all of these are correct. b) giving all employees equal access to mentors c) creating fair company policies and practices d) providing diversity training programs e) giving all employees equal access to performance feedback
Diversity management involves of the following All of these are correct.
What falls under the heading of managing diversity?The main focus of diversity management must be on ensuring that minorities and women are treated equally at work.
What of the following qualifies as diversity?The range of similarities and differences that each person brings to the workplace is referred to as diversity. This includes, but is not limited to, factors like language, national origin, race, color, disability, ethnicity, gender, age, religion, sexual orientation, gender identity, socioeconomic status, veteran status, and family structures.
Which of the following is a diversity training program's most frequent component?One of the best types of diversity training is awareness training. We think that every business owner or manager needs to develop the ability to diversify their staff. Simply said, awareness training is a training session where staff members learn about various people from diverse backgrounds.
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Find a pareto-efficient level of fishing time for natasha and mckenna, by assuming the existence of an impartial spectator maximizing social welfare. If the impartial spectator cares for natasha and mckenna equally, their effort levels at this pareto efficient outcome would be. And their levels of utility would be
if the impartial spectator cares for Natasha and McKenna equally, their effort levels at this Pareto-efficient outcome would be equal, and their levels of utility would also be equal.
To find the Pareto-efficient level of fishing time for Natasha and McKenna, we need to identify the allocation of fishing time that maximizes social welfare subject to the constraint that each person's utility is non-negative. Let us assume that the impartial spectator cares for Natasha and McKenna equally.
We can begin by setting up the problem mathematically. Let x be the amount of fishing time allocated to Natasha and y be the amount of fishing time allocated to McKenna. Then, the total fishing time is T = x + y.
We can also assume that the utility function for each person is given by u(x) = x^α and u(y) = y^α, where α is a constant parameter that reflects the degree of diminishing marginal returns to effort.
The social welfare function is simply the sum of the utilities of Natasha and McKenna: W = u(x) + u(y) = x^α + y^α.
To find the Pareto-efficient level of fishing time, we need to maximize social welfare subject to the constraint T = x + y. We can do this using Lagrange multipliers:
L(x, y, λ) = x^α + y^α + λ(T - x - y)
Taking the partial derivatives of L with respect to x, y, and λ and setting them equal to zero, we get:
αx^(α-1) - λ = 0
αy^(α-1) - λ = 0
T - x - y = 0
Solving these equations for x, y, and λ, we get:
x = y = (T/2)^(1/(α-1))
λ = α(T/2)^(α/(α-1))
So, the Pareto-efficient level of fishing time for Natasha and McKenna is x = y = (T/2)^(1/(α-1)). At this allocation, each person's utility is u(x) = u(y) = ((T/2)^(1/(α-1)))^α = (T/2)^(α/(α-1)).
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the amount of cash that is actually expected to be collected on accounts receivable is referred to as:
The amount of cash that is actually expected to be collected on accounts receivable is referred to as the net realizable value (NRV) of accounts receivable.
NRV represents the estimated amount of cash that a company can expect to collect from its outstanding accounts receivable, after accounting for any uncollectible amounts.
To determine the NRV of accounts receivable, a company must estimate the number of bad debts it expects to incur and subtract this amount from the total amount of accounts receivable. This results in the NRV, which is the amount of cash the company expects to collect from its customers.
The NRV is an important measure for companies that extend credit to customers because it provides a more accurate picture of the amount of cash that is likely to be received from customers. It is also important for financial reporting purposes because it affects the valuation of accounts receivable on the balance sheet and the recognition of bad debt expense on the income statement.
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your aunt offers you a choice of $22,100 in 30 years or $450 today. a-1. if money is discounted at 14 percent, what is the present value of the $22,100? (do not round intermediate calculations. round your final answer to 2 decimal places.)
Present value is defined as Amount/(1+r)n, which equals 22100 / (1.14), or 22100 * 0.01962702428, or 433.752. Answer So, today, we ought to go with the 450 dollar choice.
What does present value mean?Money's current value is what it is worth today. Due to inflation, money loses value with time and is currently worth $100, but will be worth somewhat less in one year. Whatever sum is exactly identical in value right today, today, is the current value of $100 1 year down the road. It is the estimated value of a future revenue stream in terms of today's money.
How is present value determined?Using this formula, you may determine present value. Divide each amount of cash Y by (1+r)n, in which r is the financial ratio per period (often the interest rate or the assured risk-free rate). Y is the amount of money that will be received over the course of n periods.
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a constraint in a decision is a restriction placed on ___
Answer:
Explanation:
a constraint in a decision is a restriction placed on the options or solutions that are available to choose from. A constraint can be anything that limits the set of possible solutions, such as budget restrictions, time limitations, resources available, and legal or regulatory requirements. In decision-making, constraints play a crucial role in determining the feasibility of different solutions and help to guide the decision-making process towards finding a solution that meets the needs and goals of the decision-maker while also being practical and achievable within the given restrictions. Understanding and identifying constraints is an important step in the decision-making process and can help ensure that the final decision is feasible, effective, and sustainable.
consumers demand different amounts at every price, causing the demand curve to shift to the left or the right.
That statement is generally true. The quantity of a good or service that consumers are willing and able to buy at each price point is known as the quantity demanded.
What might trigger a left shift in the demand curve?If the determinant lowers demand, the demand curve moves to the left. Less demand for the good or service results from this. When there is a recession, it occurs when buyer incomes decline. Even though everything is priced the same, they will purchase less of everything.
What causes a left or right shift in the demand curve?When the quantity of a good or service required at each price level changes, the demand curve changes as well. The demand curve moves rightward as more is wanted at each price level. Conversely, if demand falls at each price level, the demand curve will move to the left.
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What effects do price ceilings have on economic activity? Place the folowing events in the order they mightocur once rent control isimplemented in a crowded, impoverished neighborhood. Start by clicking the first item in the sequence or dragging it here Drag the items below into the box above in the correct order, starting with the first item in the sequence Apartment rental prices are capped by the local government Property owners cannot afford to maintain buildings properly Property owners receive less income from their properties Many apartment buildings become dilapidated
Apartment rental prices are capped by the local government.
Property owners receive less income from their properties.
Property owners cannot afford to maintain buildings properly.
Many apartment buildings become dilapidated.
Price ceilings are government-imposed limits on how high a price can be charged for a good or service. When a price ceiling is set below the market equilibrium price, it creates a shortage, as the quantity demanded exceeds the quantity supplied. In the case of rent control, when the government sets a limit on the maximum rent that can be charged, property owners may have less incentive to maintain their buildings properly, as they are receiving less income from their properties. This can lead to dilapidated buildings and a decrease in the overall quality of housing in the area, which can have negative impacts on the surrounding community.
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Complete question is in the image attached
leon and heidi decided to invest $ annually for only the first years of their marriage. the first payment was made at age . if the annual interest rate is %, how much accumulated interest and principal will they have at age ?
The Accumulated Interest and principle will be $1,105,335.55.
Annual deposits = $3,500 over the first nine years.
Age 25 marked the time of the first payout.
Means deposits made from 25 to 33 years (total 9 years).
9% interest rate,
The Future Value at 70 years old.
Future Value (FV) = $3,500 (F/A, 9%, 9) (F/P, 9%, 37)
Future Value (FV) = $3,500 (13.02104) (24.25383528)
Future Value (FV) = $1,105,335.55
The Accumulated Interest and principle will be $1,105,335.55.
Accumulated Interest is defined as any accumulated and unpaid interest on the New Notes that is not paid when due on the first interest payment date, as well as any additional unpaid interest as specified in the indenture governing the New Notes.
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7. many organizations have a kick-off meeting because a. it brings closure to the planning phase of the project b. it signals the initiation of the next phase of the it project methodology c. it communicates to everyone what the project is about d. it can energize the stakeholders and get everyone excited about working on the project e. all of the above
e. all of the above. A kick-off meeting is a crucial step in the project management process, as it sets the tone and direction for the project.
It brings closure to the planning phase of the project, signaling the initiation of the next phase of the project management methodology. During the meeting, the project manager will communicate the project goals, objectives, timelines, and key milestones to all stakeholders. This will provide everyone with a clear understanding of what the project is about, ensuring everyone is on the same page and has a shared understanding of the project scope.
A kick-off meeting can also energize stakeholders and get everyone excited about working on the project. This can help build team morale, increase motivation, and create a positive attitude towards the project. This, in turn, can help improve team productivity, collaboration, and creativity, which are essential for the success of the project.
In summary, a kick-off meeting is a critical step in the project management process. It helps bring closure to the planning phase of the project, communicates the project goals, energizes stakeholders, and gets everyone excited about working on the project. By setting the right tone and direction for the project, a kick-off meeting can help ensure project success.
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the contact information for customers who wish to report inaccuracies on their account statements cannot be the: a representative servicing the account b compliance department of the broker-dealer c operations department of the broker-dealer d office of supervisory jurisdiction of the broker-dealer
Option A. representative servicing the account. A account statement is a periodic summary of your account transactions, including start and end dates.
The most well-known are the checking account statement, which is usually provided monthly, and the deposit statement, which is provided monthly or quarterly. Monthly credit card statements also count as account statements.
An account statement refers to almost any official overview of your account, regardless of where it is located. For example, insurance companies may provide bank statements summarizing the value of cash deposited.
Statements can be created for almost any type of account representing an ongoing transaction in which funds are repeatedly exchanged.
A bank statement may be considered a summary of your account and includes a statement of services rendered, fees charged, and outstanding amounts due.
Bank statements must be checked for accuracy and historical statements are essential for budgeting.
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Complete question:
The contact information for customers who wish to report inaccuracies on their account statements CANNOT be the:
A. representative servicing the account
B. compliance department of the broker-dealer
C. operations department of the broker-dealer
D. office of supervisory jurisdiction of the broker-dealer
you found one job opening that looks very interesting. before applying for the job, what should you do
You discovered a position that appears to be quite interesting. You should research the company before applying for the position.
What are some effective methods for learning about job openings?Networking.
Referrals.
websites for careers and job boards.
Job Expos.
websites of companies.
a cold call.
Recruiters and head hunters.
Internships or temp work.
What is a method for learning about a job opportunity from a group of people who socialize and exchange information?Professionals utilize networking to broaden their social circles, learn about career prospects, and become more informed about news and trends in their fields. Company owners can use networking to create connections with people and organizations they might work with in the future.
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which political ideology reflects the idea that a multinational enterprise is an instrument of imperialist domination? multiple choice pragmatic nationalism radical view planned economy mercantilism free market
As long as the advantages outweigh the drawbacks, FDI should be permitted.
Enhanced Employment and Economic Growth
To what does the stock of FDI refer?definition of FDI stocks. Foreign Direct Investment (FDI) stocks track the total level of direct investment at a specific time, typically the end of a quarter or a year. The value of resident investors' equity in and net loans to companies in other countries make up the outward FDI stock.
What is one of the primary advantages that FDI offers the home country?The most evident benefit of FDI is job creation. It is also one of the most significant causes for a country, especially a developing one, to seek out FDI. Increasing FDI promotes
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why did banks believe that mortgage-backed securities protected them from defaults
Banks believed that mortgage-backed securities protected them from defaults because these securities were a way to spread the risk of default among many investors.
Banks would sell mortgage-backed securities to investors, who would then receive payments from the mortgages that backed the securities. This allowed banks to transfer the risk of default from themselves to the investors.
Additionally, mortgage-backed securities were often backed by large pools of mortgages, so the risk of default was spread among many borrowers. This made it less likely that any one default would have a significant impact on the value of the securities. Therefore, banks believed that mortgage-backed securities protected them from defaults because they transferred the risk of default to investors and spread the risk among many borrowers.
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what are the distinct and fine-grained business processes that enable firms to add incremental value by transforming inputs into goods and services
There are a variety of distinct and fine-grained business processes that enable firms to add incremental value by transforming inputs into goods and services.
Here are some of the most common ones:
Procurement: This involves the process of acquiring the necessary raw materials, equipment, and other resources needed to produce a good or service.
Production: This includes the actual transformation of raw materials and resources into finished products or services. This can involve manufacturing, assembly, packaging, or other processes.
Quality control: This is the process of ensuring that the finished product or service meets certain quality standards. This can include testing, inspection, and other methods to ensure that the product is free of defects and meets customer expectations.
Marketing and Sales: This involves promoting the product or service and convincing customers to buy it. This can include advertising, sales promotions, and other marketing strategies.
Customer service: This is the process of providing support to customers before, during, and after a purchase. This can include answering questions, providing technical support, and addressing customer complaints.
Logistics and Supply Chain Management: This involves the coordination of all the processes involved in getting the product or service to the customer. This can include transportation, inventory management, and other logistics-related tasks.
Research and Development: This is the process of continually improving products and services to meet changing customer needs and market demands. This can involve designing new products, improving existing products, and developing new production processes.
All of these processes are important in creating value for customers and generating profits for the firm. By optimizing these processes and continually improving them over time, firms can increase efficiency, reduce costs, and deliver high-quality products and services that meet customer needs.
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a material departure from generally accepted accounting principles will result in auditor consideration of:
A material departure from generally accepted accounting principles will result in auditor consideration of the impact on financial statements and the impact on users.
1. Impact on Financial statements - The auditor will evaluate the ubiquitous nature of the account and whether the financial statements are correctly stated.
2. The auditor will also evaluate the main reasons behind the departure to check whether it is intentional or not.
3. The auditor will also evaluate the impact of financial statements on the users
4. The auditor in this case also evaluates whether the financial statement includes all disclosures which have to be made.
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which exemplifies a pair of complementary goods? multiple choice question. home depot and lowe's a hot dog and relish a toyota truck and a ford truck
The pair of complementary goods is Home Depot and Lowe's.
Which exemplifies a pair of complementary goods?Complementary goods are products that are used together, so an increase in demand for one product leads to an increase in demand for the other product. Home Depot and Lowe's are both home improvement retailers that offer complementary products, such as building materials, tools, and appliances. When customers need to purchase supplies to complete a home improvement project, they may shop at both stores to find the specific products they need. An increase in demand for Home Depot may lead to an increase in demand for Lowe's, and vice versa. In contrast, a hot dog and relish are not complementary goods, as they can be consumed separately, and a Toyota truck and a Ford truck are substitute goods, as they are both similar products that can be used interchangeably.
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Answer: a hot dog and relish
Explanation: I picked Home Depot and Lowes and it’s incorrect.
the working-age population can be divided into two groups ? a. people looking for work and those in the armed forces. b. people in the labor force and people who are not in the labor force. c. people in the labor force and people with a job. d. people in the labor force and people looking for work.the working-age population can be divided into two groups ? a. people looking for work and those in the armed forces. b. people in the labor force and people who are not in the labor force. c. people in the labor force and people with a job. d. people in the labor force and people looking for work.
The correct option is: b. people in the labor force and people who are not in the labor force.
Persons who are neither employed nor jobless aren't in the labor force. This order incorporates abnegated persons, understudies, those taking care of youths or other family individualities, and other people who are neither working nor looking for work. Information is gathered on their craving for and vacuity for work, hunt for new employment exertion in the previous time, and reasons for not presently searching.
Employed persons are classified by occupation( what kind of work they do) and assiduity( what kind of work their employer or business does). Unemployed persons are classified according to their last work Employed persons are distributed by class of worker grounded on their relationship to their employer. The class- of- worker orders incorporate private and government pay envelope and payment workers, singly employed workers, and overdue family workers.
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which payroll taxes are paid by employers
Employers are responsible for paying payroll taxes, which include Social Security taxes, Medicare taxes, and federal and state unemployment taxes.
Overall, payroll taxes are an important responsibility for employers, as they help fund important social programs and provide support for unemployed workers.
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true or false: memoranda are usually written for external audiences (clients, prospective clients, and others who are outside of the company in which one works).
False. Memoranda, also known as memos, are usually written for internal audiences within a company or organization.
Memos are a form of business communication that are used to convey important information, updates, requests, or directives to colleagues, supervisors, or subordinates. They are an efficient and effective way of communicating within an organization, as they can be quickly circulated and easily referenced. Memos are often used to communicate changes in policies, procedures, or business practices, as well as to provide updates on projects or to request information or action from other employees. They may also be used to convey important announcements or to share news about company events or milestones. Memos are usually relatively short and to the point, and are often structured with headings, bullet points, or numbered lists to make them easy to read and understand. While memos are typically written for internal audiences, they may be shared with external audiences in certain situations. For example, a memo may be used to communicate with vendors or suppliers, or to provide information to customers or clients. However, in general, other types of business communication, such as letters, emails, or reports, are more commonly used for external audiences. Memos can be written in a variety of formats, depending on the organization's preferences and the purpose of the memo. They may be handwritten or typed, and may be sent as hard copies or as electronic documents. Memos may also be distributed through an organization's intranet or other electronic communication channels.
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in terms of staffing, the responsibility of line management isgroup of answer choicesto make final decisions on entry-level hires and promotions.to perform a job or competency analysis.to develop legally sound performance management systems.to investigate employee complaints.
The responsibility of line management in terms of staffing is A. to make final decisions on entry-level hires and promotions.
What is staffing?Finding, choosing, analysing, and establishing a working rapport with present or potential employees is referred to as staffing. Finding qualified applicants to fill the various positions inside the firm is the major objective of staffing.
A company's staffing management comprises of the procedures, techniques, and plans required to locate, hire, and keep employees. This covers all aspects of finding candidates, hiring talent, integrating new personnel, and keeping staff.
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a proposal for implementing a new product line has an annual fixed cost of $60,000, variable cost of $35/unit of output, and a selling price of $55/unit. what selling price would be necessary to generate an annual profit of $90,000 if the expected volume is 6000 units per year?
the necessary selling price to generate an annual profit of $90,000 is $50 per unit.
To calculate the selling price necessary to generate an annual profit of $90,000, we can use the formula:
Profit = (Selling price x Units sold) - (Variable cost x Units sold) - Fixed cost
We are given that the fixed cost is $60,000, the variable cost is $35 per unit, the expected volume is 6,000 units per year, and the desired profit is $90,000. We can use this information to solve for the selling price:
$90,000 = (Selling price x 6,000) - ($35 x 6,000) - $60,000
$90,000 = 6,000Selling price - $210,000
6,000Selling price = $300,000
Selling price = $300,000 / 6,000
Selling price = $50
Therefore, the necessary selling price to generate an annual profit of $90,000 is $50 per unit.
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