select all the price ceilings that would be binding.
Answers
A $6 price ceiling would be legally binding because it is a government-mandated maximum price that is lower than the equilibrium price.
Any Price ceiling that is below the market equilibrium is a binding Price ceiling. As prices want to go up the market price but due to this ceiling, can not go higher. So it is an effective price ceiling as it binds the market price for this good.
A binding price ceiling occurs when the government imposes a required price on a good or goods that is less than the equilibrium price. Because the government requires that prices do not rise above this level, that price effectively binds the market for that good.
Businesses will not produce enough of those goods to satisfy the market because the government artificially keeps the price low. As a result, there is an insufficient supply of those goods, resulting in a shortage of those goods.
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Related Questions
Question 9 (1 point) An example of Rent Seeking would be:
O orange growers in Florida and California getting a tax placed on the import of oranges so that they can raise their prices due to the resulting shortage rent from government agencies. )prices to consumers.
O Landlords attempting to get control of government owned buildings in order to extract
O entrepreneurs outwitting existing firms by providing better customer service and
O inventors coming up with new products that consumers desire and then charging high prices for those goods.
Save Question 10 (1 point) Rent Seeking is illegal because
O : the only way to get a government official to change the rules to help your industry is to bribe them.
O it is illegal for the government to do things that are economically inefficient.
O it is illegal for government officials to rent out government owned property for their own private gain.
O The premise of the question is false.
Rent Seeking is perfectly legal since it works through the normal process of petitioning our elected leaders to do things which are themselves legal.
Answers
An illustration of rent seeking is when a business engages lobbyists to persuade the government to change laws so they may profit more easily rather than trying to invest time and resources in bettering their products for the market.
Rent-seeking is the practice of using social or political influence to increase one's financial position without producing any new wealth. Rent-seeking actions have a detrimental impact on society as a whole. They lead to a decrease in economic efficiency due to resource misallocation, a decrease in wealth creation, a loss of tax revenue, a rise in income disparity, and a possible national downfall. Rent-seekers may benefit in a market through attempts to capture regulatory agencies in order to obtain a coercive monopoly while uncorrupt competitors may suffer. One of several conceivable rent-seeking behaviours is this one. The goal of rent-seeking actions is to earn financial benefits and gains by swaying the allocation of scarce resources. Such actions, in the opinion of economists, are harmful to both the economy and society. The ineffective resource allocation caused by the practice lowers economic efficiency.
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pharmaceutical company z received government approval for a medicine that lowers high blood pressure. over time, however, the company realizes that the drug causes tremors in a small number of people who use it. in deciding how to proceed, the company identifies a range of stakeholders, including corporate shareholders, consumers, physicians, the government, and society as a whole, and comes up with several possible courses of action. according to the josephson's core values model for ethical decision-making, what should company z do next? try to determine which course of action will best protect the company in the short-term. evaluate the impact of each possible course of action on each of the various stakeholders. try to determine which core values are most important to the company. evaluate which course of action will provide the greatest benefit to the corporate shareholders, to whom the company has the greatest obligation.
Answers
According to the Josephson's core values model for ethical decision-making, Company Z should Evaluate the impact of each possible course of action on each of the various stakeholders.
What is the foundational ethical decision-making framework proposed by Josephson?One factor in the model is profitability, particularly in relation to stakeholders, although it is not the most crucial factor.
The Josephson's Core Values Model's major concern istrustworthinessrespect \ responsibilityfairness \scaring \ citizenshipHowever, investors are also significant stakeholders in a firm, and it is not appropriate to disregard their needs. The most crucial issue is to fulfil the demands of stockholders in a morally just manner that benefits all parties involved, such as customers, governmental bodies, the environment, etc.
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locust company disposed of an asset at the end of the eighth year of its estimated life for $31,500 cash. the asset's life was originally estimated to be 10 years. the original cost was $126,300 with an estimated residual value of $13,800. the asset was being depreciated using the straight-line method. what was the gain or loss on the disposal?
Answers
The capital loss that has occurred to the company is $4,800, considering the cost of asset and depreciation.
Cost of asset = $126,300
Life = 10 years
Residual value = $13,800
Depreciation using straight line method = 126,300-13,800/10
Depreciation amount to be charged per year = $11,250
Depreciation for 8 years = $11,250*8 = $90,000
Book value at the end of 8th year = $126,300-$90,000 = $36,300
Sale value of asset = $31,500
Capital loss = $36,300-$31,500 = $4,800
Depreciation is an accounting technique for spreading out the expense of a tangible item and over course of its useful life. How much more asset's value has indeed been spent is indicated by depreciation. It enables business owners to purchase assets over a specified length of time and create revenue from some of those assets.
The initial cost of possession is significantly reduced because companies do not have to fully account for them this year when the goods are purchased. A company's profits can be greatly affected by not paying for depreciation. Long-term assets can also be amortized by companies for tax and accounting reasons.
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on december 31, 2023, vivid corporation prepared adjusting entries that included the following items: depreciation expense: $30,000. accrued sales revenue: $28,000. accrued expenses: $20,000. used insurance: $8,000; the insurance was initially recorded as prepaid. rent revenue earned: $6,000; the rent was initially prepaid by the tenant and credited to unearned rent revenue. if vivid corporation reported pretax income of $220,000 prior to the adjusting entries, how much is vivid's pretax income after the adjusting entries?
Answers
After the adjusting entries, Vivid Corporation's pretax income would be $266,000.
This is calculated by taking the original pretax income of $220,000 and adding the adjusting entry amounts of $30,000 (depreciation expense), $28,000 (accrued sales revenue), $20,000 (accrued expenses), ($8,000) (used insurance), and $6,000 (rent revenue earned). This brings the total to $266,000.
Pretax earnings are a company's income left over after all operating expenses, including interest and depreciation, have been deducted from total sales or revenues, but before income taxes have been subtracted.It is is a company's income after all operating expenses, including interest and depreciation, have been deducted from total sales or revenues.
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quality control is especially important to firms pursuing which type of generic strategy? focus cost leadership broad differentiation total quality management broad cost leadership
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Quality control is especially important to firms pursuing broad cost leadership.
One of the five strategies at the corporate level. The strategy's vast target market and low cost of goods sold make it competitively advantageous. Broad cost leaders must cater to a wide market segment while offering a reasonable degree of service, quality, and features.
A broad cost leader will make an effort to produce at the lowest cost possible across the board. It will maintain low prices for consumers who are sensitive to price while maintaining strong profit margins on all sales.
A cost leadership strategy tries to gain a competitive edge by positioning the company as the lowest-cost supplier in the market. Businesses must figure out how to reduce expenses without sacrificing quality.
This can be accomplished in a number of ways, including by employing less expensive materials, automating procedures, or optimizing business processes.
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Question 49 2 pts Identify a statement that is true of status quo pricing. It leads to optimal pricing of a product. O It requires serious planning and is difficult to implement. It focuses on the demand for and the costs of a product. O It can lead to a pricing disaster.
Question 50 2 pts The airline industry alters the price of its seats based on the type of seat, the number of seats remaining, and the amount of time before the flight departs. This is an example of markup pricing keystoning dynamic pricing status quo pricing
Question 47 2 pts During the 2020 COVID-19 pandemic, millions of people lost their jobs and lost dignity as they were forced to rely on government assistance. Many students lost time as classes and proctored exams were cancelled. These examples show that price, "that which is sacrificed." usually refers to money, but it can be other things as well O refers to a loss of money does not refer to a loss of time excludes the need to wait to make a purchase
Question 48 2 pts Which of the following is true of establishing pricing goals? Pricing objectives are either profit oriented or sales oriented if they are to serve company objectives. Reaching the desired market share must not entail sacrificing short-term profits because every dollar counts. A profit maximization objective may require a bigger Initial investment than the form can commit to or wants to commit to Pricing objectives rarely have trade-offs and thus managers must set them ambitiously to capture the market.
Question 45 2 pts As reported in the Wall Street Journal, the CEO of Pilgrim's Pride Corp, one of the nation's biggest chicken producers, and three others were indicted for allegedly conspiring to decide how much they would charge for chicken sold to restaurants and grocery stores. This is an example of an unfair trade practice O price discrimination price fixing O predatory pricing
Question 46 2 pts Using a price skimming strategy, Apple stakes out a price and then maintains and defends that price by significantly increasing the value of their products in future iterations. Apple gives priority to profits over market share, making people starve for the new upgraded product Apple's price skimming strategy is most often used for a new product when competition in the market is abundant customers are unwilling to spend a large amount of money on the product the supply of the product is greater than its demand the product is perceived by the target market as having unique advantages
Answers
49. It can lead to a pricing disaster is true of status quo pricing.
What is the skimming pricing strategy?Skim pricing, also referred to as price skimming, is a pricing strategy that establishes high initial prices for new products before lowering them as rivals enter the market. Price skimming is a marketing tactic where a business lists a product as high as possible and then gradually reduces the price until it reaches the market average.
50. The airline industry alters the price of its seats based on the type of seat, the number of seats remaining, and the amount of time before the flight departs. This is an example of dynamic pricing.
47. These examples show that the price, "that which is sacrificed," usually refers to money, but it can be other things as well.
48. Reaching the desired market share must not entail sacrificing short-term profits because every dollar counts profit maximization objective may require a bigger Initial investment than the firm can commit to or wants to commit to.
45. This is an example of an unfair trade practice called price fixing.
46. Apple's price skimming strategy is most often used for a new product when the product is perceived by the target market as having unique advantages.
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technical analysis is used specifially for determing the probable cost of performance for each offeror?
Answers
The statement is False. Technical analysis is used specifically for determining the probable cost of performance for each offeror.
In finance, technical analysis is an evaluation technique for analyzing and forecasting the course of prices thru the take a look at past marketplace data, ordinarily charge, and extent. Behavioral economics and quantitative evaluation use many of the same equipment of technical evaluation, which, being an aspect of lively management, stands in contradiction to much of modern portfolio ideas. The efficacy of each technical and fundamental analysis is disputed with the aid of green-market speculation, which states that inventory market charges are basically unpredictable, and studies on whether or not technical evaluation offers any gain have produced mixed results.
The standards of technical analysis are derived from loads of years of monetary market information. some components of technical evaluation started to seem in Amsterdam-primarily based merchant Joseph de la Vega's bills of the Dutch monetary markets in the seventeenth century. In Asia, technical analysis is stated to be a way evolved by using Homma Munehisa all through the early 18th century which advanced into the usage of candlestick techniques and is these days a technical evaluation charting device.
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Complete Question:
True or False: Technical analysis is used specifically for determining the probable cost of performance for each offeror.
in lucy v. zehmer (1954) the virginia court held that mr. zehmer (offeror) had demonstrated a serious intent to be bound by the offer to sell ferguson farm to mr. lucy (offeree) for $50,000. which statement below reflects the court's legal reasoning?
Answers
The statement A and C reflects the court's legal reasoning. The correct answer option (D). A and C only.
What is Legal reasoning?It is a method that entails extrapolating specific instances of the relevant legislation from a small sample of cases to a larger group of situations. The historical, empirical, or a posteriori methods are other names for it.
You are required to apply legal concepts to the factual scenario in this section, which assesses your aptitude for the law. Through this portion, your legal knowledge, aptitude for research, and capacity for problem-solving are evaluated. Giving a cause for the judgement is the essence of legal reasoning. The term "issue" refers to a disagreement between the parties on a specific substantial fact that both parties to the suit or procedure were concerned about.
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The full question is,
In Lucy v. Zehmer (1954), the Virginia court held that Mr. Zehmer (Offeror) had demonstrated a serious intent to be bound by the offer to sell Ferguson Farm to Mr. Lucy (Offeree) for $50,000. Which statement(s) below reflect the court's legal reasoning?
A). The court determined that Mr. Zehmer was "high as a Georgia Pine' when he entered into the contract.
B). The court noted the following: a contract was under discussion between the parties and was re-written to include Mrs. Zehmer; it was then signed by all parties; and contained a provision for the examination of title; the instrument was complete, and that alcohol did not negate Mr. Zehmer's intent to be bound by the offer
C). The court determined the offer did not contain definite and certain terms and was not valid.
D). Choices A and C only.
develop a complete disaster recovery plan to be submitted to the executive board of your company.
Answers
Action plan for the company "KYROS" that has just suffered a catastrophe (fire):
The company having caught fire and having lost most of the work equipment decides to reopen by executing an action plan, the proposals are:- Rebuild all the walls and affected areas.
- Placing electrical panels in strategic areas.
- Placing water sprinklers in the ceiling to be activated in an emergency.
- Do not overload the use of industrial machines.
- Production should be in batches, with breaks in each batch for the equipment to rest.
What is an action plan?It is a writing, diagram or list of steps that people establish in order to execute actions and achieve the desired objectives and goals.
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Which of the following is not held constant while moving along the supply curve?
A. the number of sellers
B. prices of factors of production
C. the price of the good itself
D. expected future prices
Answers
The correct answer is (C) the curve price of the good itself.The price cannot be constant in a demand curve because the quantity demanded of a commodity depends on the price of the good or service offered.
The supply of an item might also fluctuate due to producer expectations, which are maintained constant along the supply curve. A producer would boost production today in order to sell their good at the higher market price if they anticipated that the price will fall in the future. Because the amount of a commodity is dependent on the price of the item or service being given, the price cannot be constant in a demand curve. The supply curve is moved from its initial position by the supply-influencing variables. The supply curve is unaffected by the amount of purchasers.
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the goal of maintenance is to maintain the productive system in good working order while minimizing: multiple choice total maintenance costs. the ratio of breakdown to preventive maintenance costs. total breakdown maintenance costs. total preventive maintenance costs. the difference between preventive and breakdown costs.
Answers
The goal of maintenance is to o maintain the productive system in good working order while minimizing the cost of maintenance includes the cost of maintaining equipment as well as the cost of breakdowns.
What aims does the maintenance management system pursue?The goal of maintenance management is to decrease downtime, minimize maintenance costs, maximize asset performance, etc. To accomplish this goal, look for regularly inspected and monitored systems so that repair may be carried out promptly if a problem arises.
What steps comprise the maintenance procedure? What kinds of maintenance are there?Maintenance is the process through which adjustments are made to the system, either by changing the structure of the current system or by including new components. Rapid changes in system requirements necessitate incorporating and maintaining some changes in the system. Predetermined maintenance, preventive maintenance, corrective maintenance, condition-based maintenance, predictive maintenance, and reactive maintenance are the six different forms.
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a tax on water pollution is proposed for four factories in a manufacturing town of 100,000 people. the select board estimates the tax will reduce pollution to such an extent that it will benefit each resident by an equivalent of $600. the tax will also reduce profits to the town's four large factories by $3,000,000 each. how much should the town's citizens be willing to spend to ensure the passage of the tax?
Answers
The town's citizens be willing to spend $1,200 to ensure the passage of the tax. Taxes are obligatory payments made by a government organisation, whether regional or, local, or federal, to people or businesses.
Public projects and services like roads and schools, as well as programmes like Medicare and Social Security are funded by tax income.
In economics, taxes fall on whoever bears the expense of the tax, whether this is the taxed entity, such as a business, or the final users of the items produced by the business. Taxes of all kinds, including payroll taxes, state and federal income taxes, and sales taxes, need to be taken into account from an accounting standpoint.
In the given questions,
Reduction in profit of 1 company = $3,000,000
Total reduction in profit of 4 company = 4* 3,000,000
= $12,000,000
Now, this loss will be indirectly paid by citizens , since company will put this extra burden on people.
So, total cost for 100,000 citizen = $ 12,000,000
Cost for 1 citizen = $ 1200
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if the government implements an expansionary fiscal policy, how will real gdp and the price level be affected in the short run?
Answers
If the government implements an expansionary fiscal policy Real GDP increases, price level and GDP rise.
How does expansionary fiscal policy affect price levels?
Expansionary fiscal policy measures include increased government spending, tax cuts, or increased government transfers. Doing any of these would increase aggregate demand, leading to more output, more employment, and higher price levels.
What happens when governments implement expansionary fiscal policies?But expansionary fiscal policies, especially when applied during healthy economic can result in These side effects of expansionary fiscal policy tend to partially offset its stimulatory effect.
What will expansionary policies do to real GDP?Increased money supply - increased consumption and greater economic growth. Expansion policies increase the availability of funds, which leads to increased consumption and economic growth.
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home interior's stock has an expected return of 13.25% and a beta of 1.4. the market return is 10.75% and the risk-free rate is 4.5%. this stock is because the capm return for the stock is
Answers
This stock is because the CAPM return for the stock is 7.85 percent.
In finance, inventory (additionally capital stock) consists of all of the shares by way of which ownership of a corporation or business enterprise is split.[1] (mainly in American English, the word "stocks" is likewise used to refer to shares.)[1][2] A single percentage of the inventory approach fractional possession of the business enterprise in proportion to the whole number of stocks. This commonly entitles the shareholder (stockholder) to that fraction of the enterprise's profits, proceeds from liquidation of property (after discharge of all senior claims together with secured and unsecured debt),[3] or vote casting electricity, frequently dividing these up in proportion to the quantity of cash each stockholder has invested.
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88.The common characteristic possessed by all assets isa.long life.b.great monetary value.c.tangible nature.d.future economic benefit.
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Out of the choices provided above, it can be concluded that the common characteristics possessed by all the assets, includes, future economic benefit. Therefore, the option D holds true.
An asset can be referred to or considered as a property, whether movable or immovable, tangible or intangible, which has a defined monetary value, and has liquidity for being realized into its actual cash worth. An asset can never be borrowed by an individual. In fact, an asset gives the owner a right to own, possess or sell it at his or her own discretion.
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Which of these in not an approach to capacity planning? Multiple Choice O LeadingO TrackingO FollowingO Forecasting
Answers
The correct Option is Forecasting, Demand forecasts for a long period of time are required for capacity planning. Forecast accuracy tends to decrease as the forecasting horizon grows longer.
Capacity planning entails determining how much production capacity is required to meet changing product demand. In capacity planning, design capacity refers to an organization's maximum capacity to complete work over a given time period. It is the act of balancing available resources in order to meet customer demand or project capacity requirements.
Organizations use a capacity planning process to determine their production capacity in order to meet the changing needs of their products.
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3. would you expect the price elasticity of supply for lumber to be elastic or inelastic? explain what factors inform your expectation.
Answers
Some worry that growing inflation may "overheat" the economy, although data suggest that producers are adjusting to meet the rising demand for products and services. Bacon, automobiles, and trucks, among other high-priced items, cannot be produced fast enough to meet demand. Truck driver shortages affect other supply chains. As supply meets demand, prices should normalize.
Lumber prices dropped below their start-of-year levels after reaching record highs in early summer. Reduced supply in 2019 and rising demand in 2020 caused the early price hike. Cost-cutting lumber firms closed plants and curtailed capacity in 2019. In 2020, many people worked from home, renovated their homes, and built new homes due to low mortgage rates. Lumber businesses increased production as demand rose. As the economy rebounds and people leave their houses, DIY project demand has plummeted, lowering prices.
Other markets with comparable price rises may follow suit. However, industry-specific stabilization times vary.
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Which of the following has the lowest level of "trialability"?
Organic dog food.
Low-fat ice cream.
Surgically implanted hearing aids.
A new air freshener
None of the above
Answers
Option (c), The level of "trialability" for surgically implanted hearing aids is the lowest.
What does "trialability" actually mean?Capable of being tested or proven in a court of law. Trialability is the term used to describe how easy it is for potential clients to test out your idea. Trialability is necessary for an idea to be accepted. Prospective clients want to try out your concept and evaluate its viability before making a commitment.
The degree to which a concept can be tested out in a small environment is referred to as trialability. For instance, people experiment with weight-control medications considerably more frequently than they would with stomach surgery, despite their mixed results.
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omg incorporated has 4 million shares of common stock outstanding, 3 million shares of preferred stock outstanding, and 5 thousand bonds. if the common shares sell for $17 per share, the preferred shares sell for $126 per share, and the bonds sell for 117 percent of par ($1,000), what weight should you use for preferred stock in the computation of omg's wacc?
Answers
Total value of: Common stock=(4*17)=$68 million
Preferred stock=(3*16)=$48 million
Bonds=5000*(1000*108%)=$5.4 million
Total value=(68+48+5.4)=$121.4 million
Hence weight of preferred stock=48/121.4 =39.54%(Approx).
In finance, stock (also capital stock) includes all the shares by using which possession of a agency or business enterprise is divided.[1] (specifically in American English, the phrase "shares" is also used to consult stocks.)[1][2] A unmarried proportion of the inventory method fractional possession of the employer in percentage to the whole variety of stocks. This commonly entitles the shareholder (stockholder) to that fraction of the enterprise's profits, proceeds from liquidation of property (after discharge of all senior claims consisting of secured and unsecured debt),[3] or vote casting power, frequently dividing those up in proportion to the amount of cash each stockholder has invested.
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buggy whip manufacturing company is issuing preferred stock yielding 18%. selten corporation is considering buying the stock. assume that buggy's tax rate is 0% due to continuing heavy tax losses, and selten's tax rate is 30%. what is the after-tax preferred yield for selten? assume the tax rate on dividends is 15%
Answers
The after-tax preferred yield for selten would be 17.19%. An alternative form of equity is preferred stock, which grants the owner the ability to both own a business and to receive income from its operations.
In comparison to common stockholders, preferred stockholders have a stronger right to distributions. When it comes to dividends, preferred shareholders have preference over common stockholders. Dividends can be paid quaterly or monthly and often yield more than regular stock.
Participating shares have the ability to pay additional dividends that are calculated in terms of common stock dividends or the industry's profits, and adjustable-rate shares specify certain elements that have an impact on the dividend yield. The board of directors of a firm has the discretion to decide whether to pay the dividend.
In the given question,
After-tax preferred yield = Before-tax preferred stock yield ×
[1 − (Tax rate) (Taxable amount of
dividends)]
= 0.18 × [1 − (0.15) (0.30)]
= 0.1719 or 17.19%
Therefore, 17.19% is the required after-tax preferred yield.
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Which of the following statement about opportunity cost are true? I. The opportunity cost of a given action is equal to the value foregone of all feasible alternative actions.
II. Opportunity costs only measure direct out-of-pocket expenditures.
III. To calculate accurately the opportunity cost of an action, we need to first identify the next best alternative to that action.
a) III only
b) I and III only
c) II only
d) None of the statements is true.
Answers
Of the given statements about opportunity costs, (a) III solely is TRUE. I. The probability value of a given action is equal to the fee foregone of all possible alternative actions.
What is genuine of opportunity fees in making decisions?Opportunity costs signify the attainable benefits that an individual, investor, or commercial enterprise misses out on when choosing one choice over another. Because possibility costs are unseen by definition, they can be without problems overlooked.
Opportunity price is the cost of subsequent pleasant choice forgone. Since resources are constrained however can be put to unlimited use, when a desire is made, the different alternatives reachable are foregone in the process of making a choice.
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https://brainly.com/question/481029#SPJ4an individual was convicted of insider trading four years ago and served out her sentence in federal prison. if she is seeking a position as a registered representative, she should be informed that:
Answers
Someone was convicted of insider trading four years ago, and she served her term in a federal prison. she should be aware of: She is not permitted to be employed as a registered representative for a period of six years.
As contrast to a state or provincial organization, the federal government is in charge of running a federal prison. Federal prisons are used for offenders deemed dangerous (Brazil), those convicted of breaking federal law (U.S., Mexico), and those serving lengthier sentences (Canada). The term "federal prison" is not a legal term in every federated state. Most prisons and detention centers in Australia are not directly under the administration of the federal government. There are just a few of federal detention centers, which are made up of military prison centers (such the Defence Force Correctional Establishment), immigration detention centers, and holding areas in some territories' Australian Federal Police stations.
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Which of the following is not a suggestion that may help you be a good listener?
Select one:
A. show respect for the speaker; do not interrupt
B. mentally compose your response
C. ask good questions
D. use nonverbal cues to demonstrate interest and involvement
E. paraphrase and summarize remarks
Answers
You must pay attentive focus to the speaker, know what they're thinking, react to and reflect on what they're saying, and remember in order to practice active listening.
How would you define interest?Your interests and preferred subject areas for further study make up your hobbies. It keeps your attention and piques your curiosity when something is interesting: Not much fascinating talk took place.
What are interests and hobbies?There is a difference between these two words. These are not the same, despite their near resemblance. You have interests in ordinary activities, such as cooking. Your interests are the things you enjoy doing the most; they're more
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a company provided the following data: sales, $700,000; beginning inventory, $60,000; ending inventory, $65,000; and gross profit, $330,000. what was the amount of inventory purchased during the year?
Answers
The amount of inventory that has been purchased during the whole year is $375,000. Hence, Option A is correct.
The items and materials a company keeps on hand with the intention of reselling, producing, or using them are referred to as inventory or stock. Specifying the size, shape, and location of stocked commodities is the main focus of inventory management.
Inventory is the term used to describe all the products, materials, goods, and merchandise that a company has on hand and plans to sell to customers for a profit.
The only item that will be regarded as inventory is the newspaper if the vendor delivers newspapers to customers using a vehicle. The car will be handled like an asset.
There is a sale of $700,000, inventory at the beginning is $60,000, at the end of year, the inventory is $65,000. The gross profit is $330,000.
Inventory during whole year = Sales - Gross profit +Ending inventory - Opening inventory
= 700000-330000+65000-60000
= 370000+5000
= 375000
Therefore, Option A is correct.
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The complete question has been attached in text form:
A company provided the following data: sales, $700,000; beginning inventory, $60,000; ending inventory $65,000; and gross profit. $330,000. What was the amount of inventory purchased during the year? Multiple Choice
O $375,000
O $705,000
O $365,000
O $370,000
assume an entity is holding an equity security where there is not a readily determinable fair value. which of the following is not a factor to consider in the evaluation of potential impairment? a significant deterioration in the earnings performance, credit rating, asset quality, or business outlook of the investee a significant adverse change in the regulatory, economic, or technological environment of the investee the costs associated with gathering data on similar investments, researching valuation methodologies, and the cost to hire a valuation consultant a significant adverse change in the general market condition of either the geographical area or the industry in which the investee operates
Answers
The costs associated with gathering data on similar investments, researching valuation methodologies, and the cost to hire a valuation consultant.
What is valuation methodology?The process used to estimate a company's fair market value is called a valuation strategy. The most typical methods of valuation are: The Income Approach calculates the net present value of future benefits related to ownership of the equity interest or asset.
Why is the method of valuation important?Valuation is the process of figuring out what an asset or business is worth. In addition to provide potential buyers and sellers of an asset or business an idea of what they can be prepared to pay for it or them, valuation is necessary.
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in the last quarter a restaurant had management labor costs of $20,000, staff labor costs of $80,000 and employee benefits costs of $30,000. the operation achieved a 25% total labor cost last month. how much revenue did the operation generate in the last quarter? a. $520,000 b. $715,000 c. $325,000 d. $905,000
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The business made 520 000 in revenue during the most recent quarter. 520,000
How is the labor cost per unit determined?The amount is calculated by dividing the direct labor hourly rate by the quantity of direct labor hours needed to finish one item. As an illustration of labor costs, if direct labor is paid at an hourly rate of $10 and a unit takes five hours to complete, the direct labor cost is $10 times five, or $50.
What two sorts of labor costs are there?Direct and indirect (overhead) labor costs are separated. While indirect costs are related to support labor, such as employees, direct costs include pay for those who manufacture a product, such as those working on an assembly line.
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Unlike perfectly markets, health insurance and health care markets contain asymmetric information in many forms. To see the consequences, consider the following model The population is evenly divided between 2 types of people: healthy people and unhealthy people. Healthy people have expected health care costs at S1000per year. Unhealthy people have expected health care costs of $5000 per year. Unhealthy people can become healthy by working out, eating healthier, and taking entive care. Assume that the cost becoming healthy, in terms of time and effort is $2000 per year hese people live in a city with one employer who will hire anyone who is willing to work. This employer provides complete health care to all its employees, all health care costs are covered by the insurance, What is the actuarial fair oost of Do the employees have incentive insurance for all the workers? to become hea O Yes O Not enough information. O No What would the new actuarially fair cost of a new employer enters who pays S1500 If insurance be at the original firm? surance), which people will go and work for the new employer? O None O Unhealthy O Both O Healthy O Previous ® ove up s view 2Check Answer terms of use contact us br
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Insurance, often known as insurance coverage or insurance policy, is a contract between the insurer and the insured. A contract that takes the shape of a financial protection policy is what is meant by insurance coverage.
For the given questions, thye solutions has been provided as under:
1. No. The only employer in the town is providing the job to everyone
irrespective of the health status. Moreover, the health care costs are
also covered by the employer by the insurance. The unhealthy
employees do not have any incentive to become healthy. Therefore,
the correct option is OPTION 3.
2. The actuarial fair cost of the insurance is the sum of the expected
payoffs of both the healthy and unhealthy employees. The calculation
of the actuarial fair cost of the insurance is shown below:
Acturial Fair Cost of Insurance = (Probability of Healthy
Employee)×(Cost of Health) +
(Probability of Unhealthy
Employee)×(Cost of Health)
= (1/2 x 1,000) + (1/2 x 5,000)
= 500 +2,500
= $3,000
Therefore, the actuarial fair cost of insurance for all the workers is $3,000.
3. The new employer pays $1,500 extra but does not provide any
insurance. The cost of health for the unhealthy employee is $5,000.
Even if they become healthy, the cost of health is $2,000. The cost of
health is greater than the compensation amount. Thus, the unhealthy
people will not work for the new employer.
The cost of health for the healthy employee is $1,000. The cost is less
than the compensation amount. Thus, the healthy people will work for
the new employee. Therefore, the correct option is OPTION 4.
4. Since all the healthy people are working for the new employee, the
original firm will have only the unhealthy workers.
Acturial Fair Cost of Insurance = (Probability of Healthy
Employee)×(Cost of Health) +
(Probability of Unhealthy
Employee)×(Cost of Health)
= (0×1,000)+(1×5,000)
= $5,000
Therefore, the new actuarial fair cost of insurance for the original firm is $5,000.
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a manager had beginning beverage inventory of $15,000 for an accounting period and an ending beverage inventory of $19,000 for the period. what was the manager's average beverage inventory value for the period? a. $16,000 b. $17,000 c. $17,500 d. $16,500
Answers
The manager's average beverage inventory value for the period is $17,000.
What is inventory value?
When creating their financial accounts, businesses utilize inventory valuation as a technique of accounting to calculate the value of unsold inventory products. Inventory stock is an asset that must have a monetary value in order for it to be shown on the balance sheet. Utilizing this metric to determine your inventory turnover ratio can help you plan your buy activities more effectively.
Inventory valuation is the monetary value that is put on the things in inventory at the end of an accounting period. Based on the costs incurred to obtain and prepare the inventory for sale, its value is determined. Inventories are the largest current company asset.
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you've just set up an option on your website for your users to sign up for a newsletter. you want to count those new sign-up events as conversions and create an audience for users who signed up. which part of your analytics 4 property lets you manage events, conversions, and audiences?
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The part of your analytics 4 property that lets you manage events conversions, and audiences are Configure.
Conversions in Analytics are the important actions you want users to take on your website and are considered important events for your business. Any action or interaction that occurs on your website can be tracked and flagged as a conversion event. For example, playing a video.
GA4 is a new property designed for the future of measurement. Collect data from both your website and app to better understand your customer's journey. Use event-based data instead of session-based. Includes privacy controls such as cookieless measurement behavioral and conversion modeling. Funnel exploration lets you visualize the steps your users take to complete a task.
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what term refers to a ranked group within a hierarchically stratified society whose membership is defined primarily in terms of wealth, occupation, or other economic criteria?
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Caste is a term that refers to a ranked group within a hierarchically stratified society whose membership is defined primarily in terms of wealth, occupation, or other economic criteria.
What is occupation?Occupation refers to a general term that refers to the field or industry in which you work or the work you are interested in. It can also mean as someone's role within an organization. Listing your occupation in an interview includes the impact on you, your job, your profession, and your career in one answer. Occupation refers to the type of work performed on a job. A job is any task that a particular worker performs in order to perform a job. A profession is a set of activities that are sufficiently similar in terms of the activities performed. If you are completing an internship, gap year, or apprenticeship, please enter your new job title as your main job.If you are not working on your gap year, you must declare that you are unemployed. Next, you need to declare your side job as "student".To learn more about occupation from the given link :
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