If a monopoly can perfectly price discriminate, it produces no deadweight loss and is more efficient than a single-price monopoly.
What is a monopoly?
When there is just one seller in the market, the situation is known as a monopoly. In traditional economic theory, the monopolistic situation is seen as the complete antithesis of perfect competition. When a business has a monopoly, its product is sold only and there are no close alternatives. Unchecked monopolies have the capacity to determine prices and control the market. Examples include the relationship between Microsoft and Windows, DeBeers and diamonds, and your local gas company. The most well-known American monopolies to date include The American Tobacco Company, The Standard Oil Company, and Andrew Carnegie's Steel Company. The historical importance of these businesses is essentially what makes them noteworthy.
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decrease
You just bought a $1000 bond that is scheduled to mature in ten years. If interest rates rise during the next six months, the market value (or price) of your bond will ?
An additional $1,000 in total interest would be earned up until maturity if you owned a 10% ten-year bond with a $1,000 face value.
Government bonds – what are they?Government or corporate bonds with a fixed rate provide their bondholders regular interest.Normally, the coupons on these bonds are paid out every two years.An additional $1,000 in total interest would be earned up until maturity if you owned a 10% ten-year bond with a $1,000 face value.The bond's cost may vary above or below $1,000 if interest rates shift, but the interest payment of $100 will never change.The beauty of a fixed-income security is that an investor may anticipate receiving a specific amount of cash, provided, therefore, that the bond or debt instrument is held until maturity.To learn more about Corporate bonds refer to:
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Lola, Jacy, and Tate plan to create a company to manufacture bicycles. After reviewing the pros and cons of the various forms of business enterprises, they decide to create a limited liability company. To create a limited liability company:
they must file a certificate of organization with the secretary of state and should create an operating agreement, although an operating agreement is not required.
Lola, Jacy, and Tate plan to create a company to manufacture bicycles. After reviewing the pros and cons of the various forms of business enterprises, they decide to create a limited liability company. They are required to submit a certificate of incorporation to the secretary of state and are strongly encouraged to draft an operating agreement, despite the fact that such an agreement is not mandated.
What is limited liability company?Generally, The equivalent of a private limited corporation in the United States is known as a limited liability company (LLC).
A pass-through entity is a kind of company form that may combine the tax benefits of a sole proprietorship or partnership with the restricted liability that comes with a corporation.
It has been decided that Lola, Jacy, and Tate will create a firm that would produce bicycles. They consider the benefits and drawbacks of operating their firm as a sole proprietorship, partnership, corporation, and limited liability company before settling on the latter.
They are obligated to provide the secretary of state with a certificate of incorporation and are highly urged to prepare an operating agreement, despite the fact that such an agreement is not necessary by law.
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With either CRISP-DM or SEMMA, it is important to fully understand which of the following: Please select all that apply! the surrounding socioeconomic climate, business goals, and underlying issues at hand prior to preparing the data and choosing analysis techniques
Multiple select question.
Political implications
Business goals
The surrounding socioeconomic climate
Underlying issues for the business
Business goals
The surrounding socioeconomic climate
Underlying issues for the business
As per CRISP-DM or SEMMA, Business goals, The surrounding socioeconomic climate and Underlying issues for the business are important.
SEMMA
SEMMA is an acronym of Sample, Explore, Modify, Model, Assess, and refers to the process of conducting a data mining project.
Given,
Here we need to fine which of the following are important for CRISP-DM or SEMMA.
As per the definition of the SEMMA,
The option Political implications is not applicable for SEMMA.
So, the remaining are fall under the importance of CRISP - DM.
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cehgg on average, a book sells for $60. variable selling expenses are $6 per book with the remaining selling expenses being fixed. the variable administrative expenses are 5% of sales with the remainder being fixed.
The contribution market rate for Sam's bookstore for the first quarter is $163,000.
What is the contribution margin?Selling price per unit less variable cost per unit equals contribution margin, often known as dollar contribution per unit. The amount of sales revenue referred to as "Contribution" is the fraction that is not used to pay variable costs and hence helps to cover fixed costs.A corporation has more funds available to pay for fixed expenditures or overhead the bigger its contribution margin.
So, the contribution margin of the quarter will be:
Sales - COGS - Variable Selling Expenses - Variable Administrative Expenses = contribution margin
# of Books Sold= Sales Reported/ Average Selling Price per Book
$900,000/$60= 15,000 books
Total Variable Selling Expenses= # of Books x Selling Expense per unit
= 15,000 books x $5 per book= $75,000
Total Variable Administrative Expenses= Reported Sales x #%
= $900,000 x 3% = $27,000
Contribution Margin= $900,000 + $635,000 +$75,000 + $27,000 = $163,000
Therefore, the contribution market rate for Sam's bookstore for the first quarter is $163,000.
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Complete question:
An income statement for Sam's Bookstore for the first quarter of the year is presented below:
Sam's Bookstore
Income Statement
For the Quarter Ended March 31
Sales= $900,000
Cost of goods sold= 635,000
Gross margin= 265,000
Selling and administrative expenses:
Selling= $101,000
Administration= 106,000
=207,000
Net operating income= $58,000
On average, a book sells for $60. Variable selling expenses are $5 per book with the remaining selling expenses being fixed. The variable administrative expenses are 3% of sales with the remainder being fixed.
The contribution margin for Sam's Bookstore for the first quarter is?
which of these are cash equivalents? (check all that apply.) multiple choice question. us treasury bonds that mature in 1 year accounts receivable notes receivable that mature in 5 months highly-liquid investments with original maturities of 3 months or less
Cash equivalents
highly-liquid investments with original maturities of 3 months or less us treasury bonds that mature in 1 year accounts receivable notes receivable What are cash equivalents used for?Cash equivalents are investment instruments with good credit quality and high liquidity that are designed for short-term investing. Along with stocks and bonds, cash equivalents, usually referred to as "cash and equivalents," is one of the three major asset classes in financial investment.Cash equivalents can take several forms, for instance: US Treasury notes. US Treasury bills. Business paper.The balance sheet's current assets section includes cash and cash equivalents, which go toward a company's net working capital. Current assets less current liabilities equals net working capital.Numerous liquidity metrics are calculated using these cash equivalents: Current Liabilities divided by Cash Equals Cash Ratio. Current Assets / Current Liabilities equals the current ratio. (Cash & Equivalents + A/R) / Current Liabilities is the quick ratio.Learn more about Cash equivalents refer to :
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according to the keynesian framework, in may cause inflation, but not a recession. decrease; interest rates a decrease; a major trading partner's economy an increase; domestic investment a decrease; a major trading partner's export prices
The two major tenets of Keynesian economics are as follows. First off, a short-run economic event like a recession is more likely to have aggregate demand as its main cause than aggregate supply
What are the features of Keynesian theory?The two major tenets of Keynesian economics are as follows. First off, a short-run economic event like a recession is more likely to have aggregate demand as its main cause than aggregate supply. Second, in a downturn in the economy, unemployment may occur as a result of sticky wages and prices.Government investment on infrastructure, unemployment assistance, and education are its key instruments. Overusing Keynesian programs has the disadvantage of raising inflation.There are two fundamental underlying assumptions in new keynesian economics. First, that individuals and organizations exhibit rational behavior and have reasonable expectations. Additionally, New Keynesian Economics presupposes a number of market inefficiencies, such as rigid salaries and unfavorable competition.To learn more about Keynesian economics refer,
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Delectable Delights is evaluating the vision benefits it offers to its employees. They wonder if they should add some additional benefits to assist with the purchase of contact lenses. According to the Vision Council of America (VCA), 11% of American adults wear contact lenses. Delectable Delights has decided that if more than 11% of its workers wear contact lenses, they will expand their vision benefits to include more coverage for those wearing contact lenses.
You are asked to perform a hypothesis test at the 1% significance level to determine if the percentage of employees wearing contact lenses is more than 11%. You take a random sample of 75 employees. The following are the results... (see attached picture!)
Use the following steps to perform this hypothesis test using the P-value approach.
(a) Define in the context of the problem and state the appropriate hypotheses.
The parameter of interest p is the population proportion of employees who wear contact lenses.
A what-if statement is a prediction of what might happen if you take a certain kind of action to solve a problem. Hypotheses usually identify what to change, the likely consequences of the action, and why you think the change will have a certain result.
A hypothesis is a prediction of what an investigation will find. This is a preliminary answer to a research question that has not yet been tested. Some research projects may require the development of multiple hypotheses that address different aspects of the research question. A hypothesis is an educated guess about what will happen during an experiment.
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FILL IN THE BLANK. ________ and their members provide value because they buy and sell securities on behalf of the companies and individuals they represent.a) mutual fundsb) dealershipsc) public debt auctionsd) stock exchanges
Because they purchase and sell securities on behalf of the organizations and people they represent, stock exchanges and the people who work for them add value.
A stock exchange, securities exchange, or bourse is a market where stockbrokers, traders, and investors can buy and sell assets including securities stock shares, bonds, and other financial instruments. Additionally, stock exchanges may offer services for the issuance and redemption of such securities, financial instruments, and capital events, such as the stock exchanges distribution of income and dividends. [Needs citation] Bonds, unit trusts, derivatives, pooled investment products, and stock issued by securities listed businesses are examples of securities traded on a stock exchange. Stock exchanges frequently operate as "continuous auction" markets stock exchanges where buyers and sellers complete deals either through open outcry on a central location, like the exchange floor, or by using an electronic trading platform.
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What is true about purchasing power parity Mcq?.
According to the buying power parity theory, exchange rates between two nations will eventually shift to reflect the disparities in their respective price levels.
Which is true about purchasing power parity Mcq?According to the buying power parity principle, exchange rates will eventually shift to reflect the variations in price levels between two nations.According to the purchasing power parity (PPP) hypothesis, when two currencies' purchasing power is equal in both of their respective countries, exchange rates are in equilibrium.The economic theory of exchange rate determination known as purchasing power parity (PPP). According to this, there should be parity between two nations' price levels.The cost of things will be the same in all countries once the currencies have been converted, according to this.According to the absolute version of PPP, when assessed in a single currency, the costs of comparable goods from two distinct countries should be equal.To learn more about purchasing power parity refer
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what is the difference between agile and waterfall project management approaches? select all that apply.
The differences between Agile and Waterfall project management approaches include the following:
C. Agile is a less linear approach than Waterfall.
D. Waterfall aims for predictability and tries to avoid change, while Agile embraces the reality that the world is uncertain and unpredictable.
What is project management?Project management simply refers to the strategic process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience in order to achieve the set goals and objectives of creating a unique product or service.
Under Agile project management, project managers generally follow or adopt a less less linear approach and they usually make use of an iterative process for the execution and implementation of a project.
On the other hand (conversely), the Waterfall project management is typically focused and highly dependent on predictability while trying to avoid change to a project.
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Complete Question:
What is the difference between Agile and Waterfall project management approaches?
Waterfall is more flexible than Agile, as it accounts for changes in stakeholders' needs as the project progresses.
Agile and Waterfall approaches are the same. There are no major differences between the two.
Agile is a less linear approach than Waterfall.
Waterfall aims for predictability and tries to avoid change, while Agile embraces the reality that the world is uncertain and unpredictable.
What are 4 things you should consider before opening a checking account?.
The 4 things to consider before opening a checking account are Insurance, Minimum deposit requirements, Fees and ATM network.
What are 4 things you should consider before opening a checking account?The 4 things that should be considered before opening a checking account are:
Factor 1 : Insurance Protection - Make sure the bank or credit union where you open the account offers insurance from the Federal Deposit Insurance Corporation (FDIC) or National Credit Union Administration (NCUA).Factor 2 : Minimum balance specifications - In order to avoid costs, many checking accounts demand that you keep a specific amount. A monthly maintenance fee of up to $15 will apply if the balance criteria are not met.Factor 3: Fees - Checking accounts have different access fees for your money, just like the majority of financial goods.Factor 4 : Network of ATMs- You'll need to utilize an ATM and/or go to a branch location to withdraw money if you frequently pay with cash. The access to thousands of free ATMs offered by checking accounts is a blessing.To learn more about checking account, refer:
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What are the 5 key factors of a command economy?.
A command economy is an important aspect of a political system. In a command economy, a central governmental authority dictates the economy of the country.
The key characteristics of a command economy are -
All the companies either state-owned or privately-owned are under the control and regulation of the government. Businesses follow the central plan's production and hiring targets. They can not respond on their own to free market forces. The government has full command and control over the nation’s economy which includes the amount supply of products to consumers, cost of services, etc.State authority takes complete control of all the resources available in the country. It also manages resource allocation and distribution.Tariff policies and trade policies are also decided by the government in this form of economy.The central plan sets the priorities for the production of all goods and services. That includes quotas and price controls. the main goals are to supply enough food, housing, and other basics to meet the needs of everyone in the country. It also sets national priorities like mobilizing for war or generating robust economic growth.The government owns monopoly businesses. These are essential industries for the growth of the nation's economy which includes finance, utilities, and automotive. Domestic competition is completely absent in these sectors.Read more about the Command economy:
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Disney and Paramount are both releasing an animated movie at the same time. Each company is fairly well known, and they are both deciding between pursuing two advertising strategies. Each firm knows that its profits will be affected by its own decision and the decision of the competing firm. The payoff matrix below contains the estimated profits for both companies for all possible strategies. Paramount's profits are in the lower (green) triangle of each cell and Disney's profits are in the upper (blue) triangle of each cell. Profits (payoffs) are in millions of dollars. What is Disney's dominant strategy What is the Nash equilibrium in this game
To select the optimal course of action, we can create a matrix.
Disney
strategy 1 strategy 2
$75 / $25 /
strategy 1 $75 $300
Paramount
strategy 2 $300 / $150 /
$25 $150
What is Disney's prevailing tactic?
Disney's most effective method is number one, with an anticipated value of $375 ($75 + $300). The projected value of Strategy 2 is only $175.
The most prevalent strategy at Paramount is strategy 1, with an anticipated value of $375 ($75 + $300). The projected value of Strategy 2 is only $175.
What is the game's Nash equilibrium?
Because Strategy 1 is both sides' (Disney and Paramount) dominating strategy, there is a Nash equilibrium.
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Rudy has arranged to buy a car for $10,240. He has a $3000 trade-in allowance and will make a $2000 down payment. He will finance the rest with a 3-year auto loan at 3. 4% apr. What is the total amount of interest he will pay? round your answer to the nearest dollar.
The total amount of interest he will pay is $280.
What is interest?In the fields of finance and economics, interest is the payment of a sum over and above the principal amount (the amount borrowed) to a lender or depositor at a set rate by a borrower or deposit-taking financial institution. It differs from a fee the borrower might pay the lender or another entity. When it comes to savings, the consumer serves as the lender and the bank as the borrower. Interest is different from profit in that a lender receives interest while the owner of an asset, investment, or business receives profit. (Interest may include all or a portion of an investment's profit, but from an accounting standpoint, the two notions are different.)
To find amount of interest he pay , we subtract loan amount:
5519.52-5240=279.52
=$280(approx)
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is the creative agency or intermediary that receives the message from the sender and transforms it into a marketing communication, such as a television commercial or flyer.
A transmitter is the creative agency or intermediary that receives the message from the sender and transforms it into a marketing communication, such as a television commercial or flyer.
Agency:
In economics, agency refers relationship that exists when one person or party (the principal) engages another (the agent) to act for him
Given,
Here we need to find the person who can be the creative agency or intermediary that receives the message from the sender and transforms it into a marketing communication, such as a television commercial or flyer.
As per the definition of agency, the person who can do those intermediary that receives the message from the sender and transforms it into a marketing communication is referred as the transmitters.
The major work is to transmit the marketing from the sender to receiver.
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which of the following probably occurred as the u.s. economy experienced declining real gdp in 1948? check all that apply. total real income declined. car sales increased. corporate profits declined. the unemployment rate increased.
According to given statement consumers spending increased and the unemployment rate increased.
What GDP means?Of the most well is GDP, or economic output. It is frequently quoted in publications by government, financial institutions, and the business sector as well as in newspapers, on news programs, and in publications. It is now frequently used as a benchmark for measuring the strength of both local and global economies.
How do the GDP and economy differ?Gross output or merely output are other names for economic output. As previously mentioned, economic output and GDP are not the same. A national indicator of "additional value" is the domestic gross product.
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if the buyer fails to pay according to the terms of the agreement, which of the following remedies is available to the seller without court action?
Every time the lease is broken, the lessor may pursue incidental damages.
What are incidental damages?Legal damages known as incidental damages are those that can be logically linked to or associated with actual harm. In American commercial law, incidental damages are defined as a seller's commercially reasonable expenses incurred in stopping delivery or in transporting and caring for goods after a buyer breaches the contract, or a buyer's expenses reasonably incurred, such as searching for and obtaining substitute goods. Damages that may be demonstrated to have happened due to a party's breach of contract or failure to uphold a contractual commitment are known as consequential damages, sometimes known as special damages. A legally enforceable contract exists when it satisfies the following criteria: is expressed by a legitimate offer and acceptance, contains sufficient consideration, requires mutual assent, is capable of being performed, and is legal.
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To analyze the speech situation, the speaker must know the reason they are speaking and the constraints associated with the speech. Which of these is a constraint?
a. the occasion for the speech
b. the speech topic
c. the size of the audience
d. the audience's interest in the topic
To analyze the speech situation, the speaker must know the reason they are speaking and the constraints associated with the speech. The audience's interest in the topic is a constraint.
The process of audience analysis entails identifying the audience and tailoring the speech to suit their interests, degree of comprehension, attitudes, and beliefs. It's crucial to keep the audience in mind when creating and delivering presentations since doing so will increase a speaker's efficacy.
There are a few important variables to take into account when you start to choose your topic. These factors include the speaker's intended audience, the speech's estimated duration, the topic's suitability for that audience, and your level of expertise or the material that is readily available on the subject.
Hence the correct option is D
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true or false: north american free trade agreement (nafta) member nations made up a larger free market than european union (eu) member nations.
It is true that North America free trade agreement (NAFTA) member nations made up a larger free market than European Union (EU) member nations.
To encourage trade between the United States, Canada, and Mexico, the North American Free Trade Agreement (NAFTA) was put into effect. On January 1, 1994, the agreement, which reduced the preponderance of trade barriers between the three nations, went into effect. The goal of NAFTA was to increase trade between Canada, the United States, and Mexico, the three largest economic powers in North America. The agreement's followers think that just by encouraging freer commerce and lower tariffs between Canada, Mexico, and the United States, it would be beneficial for the three stakeholders. Through doing away with all tariffs between the 3 countries, NAFTA increased trade. It also generated accords on global business investor rights. As a consequence, trade was cheaper. It encourages investment and expansion especially for small businesses.
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Which two primary capabilities of the internet provide building blocks for buyer-seller relationships?.
The two primary capabilities of the internet provide building blocks for buyer-seller relationships are: interactivity, individuality.
What is the purpose of the internet and how does it work?
Many different forms of data and media are transmitted between connected devices over the internet, a worldwide computer network. It operates using a Transport Control Protocol (TCP) and Internet Protocol compliant packet-routing network (IP).
As a result, interactivity can enhance learning and information processing as users make advantage of the technical characteristics of the interface. There is scientific support for the hypothesis that contact can enhance both information processing and learning in circumstances connected to health.
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Human-capital theory suggests that A) the growth rate in earnings tends to be smaller the more educated a person becomes because of diminishing marginal returns. B) the decision to be absent from the labor force reduces an individual's earnings, not only for those years absent from the labor force but for all subsequent years as well. C) tuition payments and foregone earnings are not important when calculating the net present value of human capital investments. D) both (A) and (B). E) all of the above.
Human-capital theory suggests that the growth rate in earnings tends to be smaller the more educated a person becomes because of diminishing marginal returns.
The human capital hypothesis, which was first put forth by Becker and Rosen in 1962 and 1976, contends that each employee has a unique set of talents or aptitudes that they may develop or add to through education and growth rate. According to the human capital hypothesis, people can become more productive and efficient by putting more of an emphasis on their education and training. The study of human resources is known as human capital. It discusses how our social structure influences how economic value is created.
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TRUE/FALSE when preparing an amortization schedule, the monthly interest is equal to principal times rate divided by time.
This statement is False, when preparing an amortization schedule, the monthly interest is equal to the principal time's rate divided by time.
The formula for calculating monthly interest payments in amortized loans is given as:
P= [tex](r*PV)/(1-(1+r) ^-n).[/tex]
where P is a monthly payment,
r is the interest rate per period,
PV is the loan amount and n is the number of periods.
From the calculated monthly payment, monthly interest is the outstanding principal times rate divided by time. The Outstanding Principal changes every month, as some portion of the monthly payment, goes towards repayment of the principal.
In banking and finance, an amortized loan is a loan wherein the most important of the loan is paid down over the lifestyles of the loan (that is, amortized) in keeping with an amortization schedule, normally thru equal payments.
Each price to the lender will include a portion of the hobby and a part of the major. loan loans are typically amortizing loans. The calculations for an amortizing mortgage are those of an annuity that use the time value of money formulation and may be achieved using an amortization calculator.
An amortizing loan has to be contrasted with a bullet loan, wherein a big part of the mortgage may be paid at the final adulthood date in preference to being paid down gradually over the loan's life.
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portions of the financial statements for software associates are provided below. software associates income statement for the year ended december 31, 2021 net sales $ 605,000 expenses: cost of goods sold $ 365,000 operating expenses 115,000 depreciation expense 31,500 income tax expense 41,500 total expenses 553,000 net income $ 52,000 software associates selected balance sheet data december 31, 2021, compared to december 31, 2020 decrease in accounts receivable $ 8,500 decrease in inventory 11,500 increase in prepaid rent 1,500 decrease in salaries payable 2,500 increase in accounts payable 5,500 increase in income tax payable 6,500 required: prepare the operating activities section of the statement of cash flows for software associates using the direct method. (list cash outflows as negative amounts.)
The Net Cash Provided by Operating Activities is $55,500
What is net cash?
On a company's financial statements, net cash is a sum that is given. It is determined by deducting a company's total cash from its total liabilities. When assessing the cash flows of a company, the net cash figure is frequently used. Net cash is another term for the amount of cash that is still available after a deal is done and all related fees and expenses have been deducted. Net cash is a metric for a company's liquidity, or its capacity to promptly meet its financial obligations, similar to the current ratio. Standard operating expenses, debt repayment obligations, and investment activities are a few examples of a company's financial commitments.
Operating Activities
Net Income: $52,000
Changes in Operating Assets and Liabilities:
Decrease in Accounts Receivable: $(8,500)
Decrease in Inventory: $(11,500)
Increase in Prepaid Rent: $1,500
Decrease in Salaries Payable: $(2,500)
Increase in Accounts Payable: $5,500
Increase in Income Tax Payable: $6,500
Net Cash Provided by Operating Activities: $55,500
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group health plans typically contain a coordination of benefits provision this provisions purpose is to
The group health plans typically contain a coordination of benefits provided the purpose of this provision is to guarantee that the insured person will not receive more than 100% of the total covered expenses.
An easy-to-read summary that allows you to directly compare health insurance costs and coverage. You can compare options based on price benefits, and other features that matter. Benefit adjustments allow plans that provide health and/or prescription coverage to Medicare participants to determine their payment obligations.
Generally costs less than other types of health insurance because the insurer can spread the risk across the pool of policyholders participating in the group plan. This is the biggest advantage of group health insurance. A plan that covers two or more people with one policy.
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which statement below is true of only fiscal policy? used to alter ad uses government expenditures to create demand increases the availability of money a policy typically set by a banking authority c. Used to alter AD d. Increases the availability of money
It generates demand for products and services using government spending.
How does advertising impact budgetary policy?Government spending and taxation are changed as a result of fiscal policy, which affects overall demand. These factors have an impact on household employment and income, which in turn has an impact on consumer spending and investment. Monetary policy has an impact on the amount of money in an economy, which in turn has an impact on interest rates and inflation.
What effects does the total demand of fiscal policy have?A fiscal policy that directly increases aggregate demand through an increase in government spending is referred to as expansionary or "loose". Conversely, fiscal policy is frequently viewed as contractionary or "tight" if it reduces demand by reducing spending.
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a monopolistically competitive firm has a downward-sloping demand curve for its product, primarily because:
A monopolistically competitive firm has a downward-sloping demand curve for its product, primarily because it can set itself apart from its rivals, a company in a monopolistic competitive industry experiences a downward sloping demand curve. Long-term economic profit is zero due to the ease of entry and exit.
Why does a monopolistic competitor faces a downward sloping demand curve?Due to its monopoly position and ability to set prices in the market, a monopolist faces a downward-sloping demand curve. As a result, the monopolist can raise the price it charges customers without experiencing a complete loss of demand. This market dominance results from a monopolist being the only significant enterprise in its market.
A monopolistically competitive firm's perceived demand curve slopes downward, indicating that it sets prices and selects a mix of quantity and price.
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Rising productivity will drive increased economic growth and raise the average standard of living, shifting _____ curve to the _____.
a. long-run aggregate supply; right
b. long-run aggregate supply; left
c. aggregate demand; left
d. short-run aggregate supply; left
Rising productivity will drive increased economic growth and raise the average standard of living, shifting long-run aggregate supply curve to the right .
What does economics mean by long-term aggregate supply?
The term "long run aggregate supply" (LRAS) refers to the amount of output that a country's economy can produce at full employment, when all its productive elements are being used.
What transpires to aggregate supply over time?
Only capital, labor, and technology have an effect on the aggregate supply curve over the long term.
Since it is vertical in the long run, the curve could move to the right as a result of increased resources, labor availability, and advancements in technology.
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hiring, promoting, and rewarding members of one's own group in a work setting is known as in-group favoritism. true false
Hiring, promoting, and rewarding members of one's own group in a work setting is known as in-group favoritism.
The above statement is True.
What is In-group favoritism?
In-group favoritism can be defined as a pattern of favoring members of one's in-group over out-group members. It helps in evaluation of others, in allocation of resources.It enhance the desire to help others—just as one would want to help oneself.People who score higher on the scale show more ingroup favoritism in comparison with those who score lower on it.Characteristics of ingroup include Ethnocentrism , Similar Behavior: We-feeling: Sense of Unity: Love, Sympathy and fellow-feeling.To know more about Ingroup Favoritism from the given link
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why are standards so important in high-tech industries? what are the competitive implications of this?
The purchasing power of businesses is positively impacted by standards. Enterprises can use standards to put pressure on businesses farther down the value-added chain and to promote competitiveness in the market.
The implementation of standards by businesses allows them to increase the size of their prospective markets. The quality and dependability of suppliers that follow standards are also highly regarded by businesses.
Technical standards are crucial in high-tech industries because they ensure business compatibility, can reduce customer confusion caused by quality perception, stimulate production quantity, which can lower costs, and allow an organization to minimize the number of substitute goods to draw in customers.
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va promotional tool that involves people telling other people about products they've purchased is known as a(n)
Word-of-mouth marketing (WOM marketing) occurs when customers recommend a business's goods or services to their friends, relatives, and other people
What is Marketing?The process of developing, communicating, delivering, and trading offerings that are valuable to customers, clients, partners, and society at large collectively is known as marketing. When selling a good or service, the four Ps are a "marketing mix" made up of four essential components: product, pricing, place, and promotion. The four Ps are typically taken into account by firms when developing marketing plans and strategies to reach their target audience. In a nutshell, it is an action made to draw attention to a company's offerings, which may include both tangible products for sale and services provided. Television ads, billboards by the side of the road, and magazine ads are typical instances of marketing at work.
Hence, promotional tool that involves people telling other people about products they've purchased is known as Word-of-mouth marketing.
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