The amount that a property owner can charge to rent a residence or renew a lease is limited by a government programme called rent control.
What is the name of the property?
Property is something over which a person or a business has legal ownership. Intangible items having the potential for future worth, such as stock and bond certificates, as well as tangible items with current value, such as houses, cars, or appliances, can all be referred to as property.
a person's possessions; the property or belongings of a particular owner: All of their belongings were destroyed in the fire. Things that are viewed as possessions, such as property: The corporation acts as a means of distributing real estate. a piece of real estate or a tract of land: Main Street real estate.
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hat key questions should you consider when deciding who should be informed about a task? select all that apply.
The key questions that should be considered when deciding who should be informed about a task are Who might delegate the task to another team member? Which department manages the work? Who should perform the work? and Who should review the work to confirm it is complete.
What is a task?A task is an activity that needs to be accomplished within a defined period or by a deadline to work towards work-related goals. It is a small essential piece of a job that serves as a means to differentiate various components of a project.
A task can be broken down into assignments which should also have a defined start and end date or a deadline for completion.
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the agreement between bob and cathy says nothing about assignment. may bob assign his claim to hardknuckle?
Bob may not be able to assign his claim to hardknuckle without Cathy's consent.
If the agreement does not address assignment at all, then it may be subject to the default rules of contract law. In most jurisdictions, absent an express prohibition on assignment, contracts are generally assignable unless assignment would violate the underlying terms of the agreement or would substantially change the obligor's duty or increase the risk of performance.
So, if the agreement between Bob and Cathy is silent on assignment and does not prohibit or restrict it, Bob may be able to assign his claim to Hardknuckle without Cathy's consent. However, it is important to note that Bob should review the agreement and seek legal advice to ensure that assignment is not prohibited or restricted, and that any assignment complies with applicable law.
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effective performance appraisals are based on question 4 options: hiring experienced managers. employees who rate highly in cognitive ability. hiring managers with formal hr certification. effective communication.
Effective performance appraisals are based on "effective communication."
Why it is?
Performance appraisals involve assessing an employee's job performance and providing feedback on their strengths, weaknesses, and areas for improvement. Effective communication is essential for conducting a fair and accurate performance appraisal that aligns with the organization's goals and values.
Effective communication in performance appraisals includes setting clear expectations, providing ongoing feedback throughout the year, and listening actively to employee concerns and feedback. It also involves providing constructive criticism and identifying specific areas for improvement, as well as recognizing and rewarding good performance.
While hiring experienced managers, employees who rate highly in cognitive ability, and managers with formal HR certification can certainly contribute to effective performance appraisals, these factors alone are not sufficient. Effective communication is the foundation for successful performance appraisals, as it enables managers to provide accurate and meaningful feedback that helps employees improve their job performance and contributes to the overall success of the organization.
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exercise 4-34 (algo) target costing and pricing (lo 4-3) whitmore glassware makes a variety of drinking glasses and mugs. the company's designers have discovered a market for a
The highest acceptable manufacturing cost for which Domingo would be willing to produce the headphones is $31.68.
To calculate the highest acceptable manufacturing cost for which Domingo would be willing to produce the headphones, we need to first determine the desired profit margin and then subtract it from the target selling price.
The desired operating profit of Domingo is 20% of costs, which means that the profit margin is 20% of the selling price. We can calculate the profit margin as:
Profit Margin = 20% of Selling Price
= 20% x $39.60
= $7.92
The target selling price of the headphones is $39.60, so the manufacturing cost that Domingo can afford would be:
Manufacturing Cost = Target Selling Price - Desired Profit Margin
= $39.60 - $7.92
= $31.68
Therefore, the highest acceptable manufacturing cost for which Domingo would be willing to produce the headphones is $31.68.
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Domingo Corporation makes a variety of headphones with logos. The company has discovered a new market for wireless headphones with logos Market research indicates that these headphones would sell well in the market priced at $39 60 each Domingo desires an operating profit of 20 percent of costs.
Required:
What is the highest acceptable manufacturing cost for which Domingo would be willing to produce the headphones?
- 5.1. what is the fundamental question that sensitivity analysis answers? describe the role that sensitivity analysis plays in the development of a requisite decision model?
The fundamental question that sensitivity analysis answers is how sensitive the outputs of a decision model are to changes in its inputs.
Sensitivity analysis helps to identify the inputs that have the greatest impact on the model's outputs, allowing decision-makers to prioritize their efforts and resources accordingly. It also helps to identify areas of uncertainty or risk in the model, enabling decision-makers to assess the potential impact of different scenarios.
Sensitivity analysis plays a crucial role in the development of a requisite decision model by providing insights into the model's robustness and reliability. By testing the model under different scenarios and variations in input values, sensitivity analysis helps to validate the model's assumptions and identify potential sources of error. This, in turn, enables decision-makers to make more informed and reliable decisions based on the model's outputs.
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1st - Hashim Khan, the owner, invested $57,500 cash and 32,500 of photography equipment in the
business.
4th - Paid $3,000 cash for an insurance policy covering the next 24 months.
7th - Services are performed and clients are billed for $10,000.
13th - Purchased office supplies for $1,400. Cash paid $400 and remaining outstanding.
20th - Received $2,000 cash in photography fees earned previously.
24th - A client immediately pays $15,000 for services to be performed at a later date (unearned service
revenue).
29th - In addition, the business acquires photography equipment. The purchase price is $100,000, pays
Explanation:
1st - Hashim Khan, the owner, invested $57,500 cash and 32,500 of photography equipment in the
business.
4th - Paid $3,000 cash for an insurance policy covering the next 24 months.
7th - Services are performed and clients are billed for $10,000.
13th - Purchased office supplies for $1,400. Cash paid $400 and remaining outstanding.
20th - Received $2,000 cash in photography fees earned previously.
24th - A client immediately pays $15,000 for services to be performed at a later date (unearned service
revenue).
29th - In addition, the business acquires photography equipment. The purchase price is $100,000, pays
if food is produced in the u.s., sold in the u.s. and consumed in the u.s., a reduction in its price will have which of the following effects ? a. the gdp deflator will decrease. b. two of the answers are correct. c. the consumer price index will decrease. d. none of the answers are correct.
The correct option is C, The consumer price will decrease. A reduction in the price of food produced, vended, and consumed in the U.S. will have the effect of dwindling the Consumer Price Index( CPI).
This is because the CPI is a measure of the prices paid by consumers for a handbasket of goods and services, including food. A drop in the price of food will lower the cost of the request handbasket and thus lower the CPI. still, a reduction in the price of food won't inescapably affect the GDP deflator.
It is a measure of the overall position of prices in the frugality. Including the prices of all goods and services produced domestically.
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"If the number of sellers in a market increases, the"a. demand in that market will increase. b. supply in that market will increase. c. supply in that market will decrease.d. demand in that market will decrease.
If the number of sellers in a market increases, the b. supply in that market will increase.
In general, the supply in a market will rise as the number of suppliers increases. This is because there are more producers that are able and willing to sell goods or services in the market when there are more sellers. The competition among vendors grows as the number of merchants does. This rivalry may result in more affordable and higher-quality goods, which may draw more customers to the market.
Additionally, if firms try to take advantage of the increasing demand, this could result in a rise in supply. The amount of supply on the market may also be influenced by other variables, such as modifications in production costs or technological advancements.
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performance measures should support customer requirements.A. TrueB. False
Although customer-based metrics are crucial, they must also be converted into metrics for the internal work that needs to be done by the business to satisfy its clients.
How do effective performance measures relate to customers?A consumer won't be dissatisfied with the services provided if performance metrics are good. Customer service will be excellent and other business processes will run smoothly if a company has good performance metrics. A business that provides excellent goods and services will be preferred by all customers.
How are performance evaluations made in relation to the principal demands of the client?You may find out how many of your customers would rate their level of satisfaction as very or extremely satisfied by conducting frequent customer satisfaction surveys. The better the results are when more customers give their experiences good ratings.
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A society allocates its scarce resources to various jobs. these scarce resources include:__________
A society allocates its scarce resources to various jobs. these scarce resources include people, machines and land.
Resources are the inputs used to produce goods and services. They can be classified into various categories, including natural resources, human resources, financial resources, and technological resources. Natural resources are raw materials such as land, minerals, and water that are used in production. Human resources include the skills and knowledge of the workforce, while financial resources refer to the capital and financing necessary to start and run a business. Technological resources refer to the tools and technology used in production, including machines and software. The efficient and effective allocation of resources is critical to the success of an economy and the overall prosperity technology of a society. Scarcity of resources, where the demand for resources exceeds the supply, is a fundamental challenge facing every economy.
the complete question is:
society allocates its scarce resources to various jobs. These scarce resources include
a. people.
b. machines.
c. land.
d. All of the above are correct.
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the extra usefulness or satisfaction a person gets from acquiring or using one more unit of a product are called?
When a person buys or uses a second unit of a product, they gain marginal utility, which is the additional usefulness or satisfaction they experience.
Which marginal utility do you mean?In economics, marginal utility refers to the extra pleasure or benefit (utility) a buyer receives by purchasing an extra unit of a good or service.
Utility in economics is the pleasure or advantage gained from using a good or service. When customers raise or decrease their consumption by one unit, the marginal utility of a good or service quantifies how much pleasure or satisfaction is gained or lost by them. Marginal utility comes in three flavours.
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why is productivity growth considered to be the most important factor in the ad/asad/as model? an.it shifts the ad curve in the long-term b.it shifts the ad curve in the short-term c.it shifts the as curve in the short-term d.it shifts the as curve in the long-term
Productivity growth is considered to be the most important factor in the AS/AD model because it shifts the AS (Aggregate Supply) curve in the long-term, option (d) is the correct one.
Productivity growth means that more output can be produced with the same amount of inputs or resources. This leads to an increase in the potential output of the economy, which shifts the long-run AS curve to the right. As a result, the economy can produce more goods and services at the same price level or the same amount of goods and services at a lower price level.
In the short-term, an increase in productivity growth may lead to higher costs and prices for businesses as they invest in new technology and training. However, in the long-term, the benefits of productivity growth in terms of increased potential output and lower costs will outweigh the short-term costs, resulting in a rightward shift of the AS curve.
This shift in the AS curve will eventually lead to a lower price level and a higher level of real GDP, which will shift the AD (Aggregate Demand) curve to the right in the long-run. Therefore, productivity growth is considered to be the most important factor in the AS/AD model as it has long-term effects on the potential output and price level of the economy.
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xyz inc. identified their main competing products, services and market segments. this is an example of a ?
This is an illustration of the a competitive analysis in which xyz inc. identified the key products, services, and market segments that it competed in.
How is a competitive analysis conducted?Researching key rivals as part of a competitor analysis is indeed a tactic used to learn more about their offerings, revenue streams, and marketing strategies. Conducting an competitive market study can help you implement more effective business strategies, fend off rivals, and gain market share, to name a few advantages.
How do you conduct a competitive analysis?Feature, market share, price, marketing, differentiators, strength, weaknesses, geography, culture, and customer feedback should all be investigated in a competitive analysis of your rivals. This post is intended for both new and experienced owners of small businesses who want to research their rivals to enhance their goods and services.
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generalizing from the computer market specifically to the economy as a whole, what will happen when this negative demand shock occurs across the economy's many markets?
When a negative demand shock occurs across the economy's many markets, the economy will experience a recession.
This is because a negative demand shock is a decrease in the demand for goods and services in the economy as a whole.
This decrease in demand can lead to a decrease in production and employment, as businesses are unable to sell as many goods and services.
This can lead to reduced incomes and higher unemployment, both of which can further exacerbate the economic downturn.
Thus, when a negative demand shock occurs across the economy's many markets, the economy will experience a recession.
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true or false. the two main brewing methods of brewing coffee are pour-over and immersion. an example of immersion brewing is the auto-drip method such as the coffee machines found in many american offices and homes.
Even though sake is sometimes called "rice wine," the process is more akin to making beer than wine.
What procedures are used in the production of cider?
The apples are gathered and cleaned before being crushed and pressed. The leftover juice is fermented to create cider. Apple juices are available in a range of tastes, such as aromatic, astringent, tart, and neutral. Frequently, sweet and sour apples are blended together to create a well-balanced cider.
What procedures go into making hard cider?
There are just two ingredients needed: apple juice and a tank or barrel (these could be made from stainless steel, polymer, or even old wine or rum oak barrels).
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what is the relationship between the time value of money and inflation? how do you take that into consideration when looking at cash flows for the company?
The time value of money refers to the idea that money today is worth more than the same amount of money in the future, due to the potential earning power of that money over time.
What is money value ?Contrarily, inflation is the overarching rise in prices of goods and services over time.As money loses purchasing power over time due to inflation, it can have a major effect on how much something is worth over time. Consequently, less goods and services will be available for the same amount of money in the future than there are today. As a result, it is crucial to consider both inflation and time value of money when analysing a company's cash flows.Using a discount rate that accounts for both inflation and time worth of money is one approach to achieve this.
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in addition to porter's five forces, another sixth force added in the text is question 18 options: bargaining power of the ceo. bargaining power of other stakeholders. bargaining power of other prospects. bargaining power of the strategic planning team. bargaining power of price.
Option B. Bargaining power of other stakeholders is another force that can be added to Porter's five forces model.
Other stakeholders may include suppliers, customers, employees, and other groups or individuals who have a stake in the success or failure of the organization. These stakeholders can exert influence on the organization by virtue of their bargaining power, which may be related to factors such as their size, their importance to the organization, and the availability of substitutes for their services or products. By considering the bargaining power of other stakeholders, organizations can gain a better understanding of the competitive landscape and develop strategies to address the concerns and needs of these important groups.
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In addition to porter's five forces, another sixth force added in the text is question 18 options:
A. bargaining power of the CEO.
B. bargaining power of other stakeholders.
C. bargaining power of other prospects.
D. bargaining power of the strategic planning team.
E. bargaining power of price.
the level of management that devotes the greatest amount of time to planning is
Option C. The level of management that devotes the greatest amount of time to planning is Executives.
Executives are responsible for setting the overall direction and strategy of the organization, and they devote a significant amount of time to planning and decision-making. They are also responsible for making major decisions that affect the organization's long-term goals, and they need to consider a wide range of factors when developing strategic plans, such as market conditions, competition, and industry trends. While supervisors and middle managers may also be involved in planning, their focus is usually on operational or tactical plans, which are more short-term and specific in nature. Distributors, on the other hand, are not typically involved in the planning process at all.
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The level of management that devotes the greatest amount of time to planning is
A) Supervisors
B) Middle Managers
C) Executives
D) Distributers
ne that a university hires a construction company to build a new library. before starting, the project manager outlines the building materials the project needs. they also outline the roles and amount of workers to hire. which key component of project initiation does this scenario conc
Defining the project requirements is a critical step in project initiation, as it helps ensure that all stakeholders have a clear understanding of what the project aims to achieve.
This scenario describes the process of defining the project requirements, which is a key component of project initiation. Defining the project requirements involves identifying and documenting the project objectives, goals, deliverables, constraints, and other relevant details. In this scenario, the project manager outlines the building materials and the roles and amount of workers needed, which are all part of the project requirements. This information will be used to develop the project plan, budget, and schedule, and to guide the project team throughout the project execution phase. Overall, defining the project requirements is a critical step in project initiation, as it helps ensure that all stakeholders have a clear understanding of what the project aims to achieve and how it will be accomplished.
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Mistags is interested in a senior level position but he hasn’t updated his resume since landing his entry level job. What should he remove from his resume to make it appropriate for a senior level position
Mistags should focus on emphasizing his recent and relevant work experience, particularly any leadership or management roles, and highlight his skills and accomplishments that are directly relevant to the new position he is seeking.
To make Mistags' resume appropriate for a senior level position, he should remove any outdated or irrelevant information that is not applicable to the new role. Here are some specific things he should consider removing:
1. Entry-level job experience: Since he is now seeking a senior-level position, it's no longer necessary to include details about his early career experiences. Instead, he should focus on highlighting his recent and relevant work experience, particularly any leadership roles or projects that demonstrate his ability to manage complex projects or teams.
2. High school achievements: If he has been in the workforce for several years, it's generally not necessary to include information about high school achievements on a senior-level resume. Instead, he can focus on highlighting his more recent educational or professional accomplishments.
3. Irrelevant work experience: If he has worked in multiple industries or job functions, he should consider removing any work experience that is not directly relevant to the new role. For example, if he worked in retail or food service in the past, it's not necessary to include this experience on a senior-level resume.
Technical skills that are no longer relevant: If he has technical skills or certifications that are no longer relevant to the new role, he should consider removing them to make room for more relevant experience and skills.
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total product cost and per-unit product cost slapshot company makes ice hockey sticks. last week, direct materials (wood, paint, kevlar, and resin) costing $26,000 were put into production. direct labor of $20,000 (10 workers x 100 hours x $20 per hour) was incurred. manufacturing overhead equaled $65,000. by the end of the week, the company had manufactured 10,000 hockey sticks. required: 1. calculate the total product cost for last week. fill in the blank 1 of 1$ 111,000 2. calculate the per-unit cost of one hockey stick that was produced last week. round your answer to the nearest cent. fill in the blank 1 of 1$ 11 per unit
Total product cost refers to the total cost incurred in the production of a specific quantity of goods or services, including direct materials, direct labour, and manufacturing overhead costs. This cost includes all expenses related to the production process, from the purchase of raw materials to the completion of the finished goods.
Per-unit cost, also known as unit cost, refers to the cost of producing one unit of a product. This cost is calculated by dividing the total product cost by the number of units produced. Per-unit cost is an essential metric for businesses because it helps determine the price at which a product must be sold to make a profit. It also helps businesses evaluate their pricing strategy, and production costs, and identify areas for cost reduction.
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How should the entries to a schedule of accounts payable be ordered?
OA. by date received
B. alphabetically by vendor name
C. by amount due from most to least
OD. by date due
Answer:
D. by date due
Explanation:
The entries to a schedule of accounts payable should be ordered by "date due" (Option D). This means that the accounts payable should be listed in the order of the due dates, with the earliest due date appearing first and the latest due date appearing last. This makes it easier for the person responsible for paying the bills to prioritize which bills to pay first and to ensure that bills are not missed or paid late due to disorganization.
Answer: by date received!
the bradford company issued 12% bonds, dated january 1, with a face amount of $96 million on january 1, 2024. the bonds mature on december 31, 2033 (10 years). for bonds of similar risk and maturity, the market yield is 14%. interest is paid semiannually on june 30 and december 31. required: 1. determine the price of the bonds at january 1, 2024. 2. to 4. prepare the journal entries to record their issuance by the bradford company on january 1, 2024, interest on june 30, 2024 (at the effective rate) and interest on december 31, 2024 (at the effective rate). note: use tables, excel, or a financial calculator. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1)
To determine the price of the bonds at January 1, 2024, we need to calculate the present value of the future cash flows using the given market yield of 14%.
First, we need to determine the semi-annual coupon payment. The annual coupon payment is 12% of the face amount, which is $96 million x 12% = $11.52 million. The semi-annual coupon payment is $11.52 million / 2 = $5.76 million. We can use the following formula to calculate the present value of the bonds:
PV = (C / i) x [1 - (1 / (1 + i)^n)] + (F / (1 + i)^n)
Where:
PV = Present value of the bonds
C = Coupon payment
i = Market yield / 2 (semi-annual rate)
n = Number of periods
F = Face value of the bonds
Using the above formula, we can calculate the present value of the bonds:
PV = ($5.76m / 0.07) x [1 - (1 / (1 + 0.07)^20)] + ($96m / (1 + 0.07)^20) = $52,829,152.84
Therefore, the price of the bonds at January 1, 2024, is $52,829,152.84.
Journal entries:
To record issuance of bonds on January 1, 2024:
Cash $52,829,153
Bonds payable $52,829,153
Interest on June 30, 2024, with effective rate:
Interest expense $3,698,041.71
Bonds payable $2,062,078.29
Cash $1,635,963.42
Calculation of interest expense:
Carrying value of bonds at beginning of period = PV of future cash flows at issuance = $52,829,152.84
Effective interest rate = 14% / 2 = 7%
Interest expense = $52,829,152.84 x 7% = $3,698,041.71
Interest on December 31, 2024, with effective rate:
Interest expense $4,298,183.51
Bonds payable $2,062,078.29
Cash $2,236,105.22
Calculation of interest expense:
Interest expense = carrying value of bonds at beginning of period x effective interest rate
Carrying value of bonds at beginning of period = carrying value of bonds at end of June 30, 2024 = $50,766,074.55
Effective interest rate = 14% / 2 = 7%
Interest expense = $50,766,074.55 x 7% = $3,537,623.22
Interest expense for the period = $3,537,623.22 + $760,560.29 (amortization of discount) = $4,298,183.51
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what is the extent to which a change in price causes a change in the quantity demanded?
The degree to which a change in price results in a change in the quantity desired is known as demand elasticity. When a change in price results in a disproportionately bigger change in the quantity required, demand is elastic.
What are the elements that might alter the quantity demanded?Changes in tastes, population, income, the cost of substitute or complementary goods, and expectations regarding future conditions and prices are just a few of the variables that can cause the demand curve for goods and services to shift, resulting in a different quantity being demanded at any given price.
A shift in the price of a good or service does not affect the demand; rather, it causes movement along a particular demand curve and often results in some change in the quantity sought.
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the new fund had average daily assets of $4.2 billion in the past year. the fund sold $430 million and purchased $520 million worth of stock during the year. what was its turnover ratio? (round your answer to 2 decimal places.)
The fund sold $430 million and purchased $520 million worth of stock during the year. $ 0.0214 was its turnover ratio
Calculating the problem:
average daily assets = $4.2 billion
Fund sold = $430 million
Purchased = $520 million
Turnover ratio = COGS/ Average value of inventory
= $520-$430/$4.2
= $0.090/$4.2
= $0.0214
What is the ratio of inventory turnover?
The frequency with which inventory is sold and replaced over a given time period is measured by the inventory turnover ratio. COGS divided by average inventory is the inventory turnover ratio. Interpretation of the Inventory Turnover Ratio
A high ratio is significant because higher turnover rates reduce storage and other holding costs. It is essential to examine the ratios of businesses in the same industry as opposed to businesses in various sectors. In a given time frame, a company with an inventory turnover ratio of 1.5 has sold its total inventory 1.5 times.
This suggests that the company efficiently manages its inventory and sells its products at a competitive price.
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Advances in information technology and the development of programs like TurboTax, which guides people through their tax filing, have...
Group of answer choices
Raise the demand for tax preparers
Lowered the demand for tax preparers
Increase the wages for tax preparers
Increased the supply of tax preparers
Guides people through their tax filing, have increased the supply of tax preparers. You anticipate that your preparer will file your income tax return accurately and with skill. The answer is OPTION D.
The process of preparing tax returns—often income tax returns—for someone other than the supply taxpayer is known as tax preparation, and it is typically done for pay. Taxpayers can prepare their taxes on their own or with the assistance of internet providers and tax preparation software.
Tax preparation, printing of federal tax returns, and free federal e-filing of up to five federal tax returns are all included in the supply. The cost of electronically filing state returns may be higher.
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Answer:
B) Lowered the demand for tax preparers
Explanation:
Think about it. If people can do their taxes online without having to pay as much, the demand for tax preparers is going to go down because people don’t want to pay more and TurboTax replaces the Tax Preparers.
Hope this helps!
the real estate manager of a commercial building needs to fill three empty spaces. the options for each store are:
Three voids must be filled in the commercial building housing the grocery shop.
Why do you use the term "commercial"?Anything that is commercial is typically related to business or commerce. A infomercial is a piece of business advertising. Selling services or items for a profit is said to it as trade. Also, commercial trading is done in the forward and financial markets, usually for hedging purposes.
Does "commercial" imply "price"?Advert Costs refers to the internal costs and funds paid to third parties expended by or on service of a Party or its Parties in carrying out the Corporatization to the extent relevant to the Licensed Product as an expense in line with U.S. commonly accepted accounting principles.
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true or false: assume a stock is currently trading at $50 per share. a momentum trader who wants to buy the stock if it breaks resistance at $52 should submit a limit order to buy at $52.
assume a stock is currently trading at $50 per share. a momentum trader who wants to buy the stock if it breaks resistance at $52 should submit a limit order to buy at $52. the statement is true.
Stocks are units of ownership in a company that represent a claim on part of the company's assets and earnings. When an individual buys a stock, they effectively become a partial owner of the company and are entitled to a portion of its profits. Stocks are traded on stock exchanges, such as the New York Stock Exchange (NYSE) and the NASDAQ, and their prices are determined by supply and demand. Companies issue stocks to raise capital for their operations, and individuals and institutions can purchase stocks as a form of investment. Owning stocks can be a way to build wealth over the long-term, but it also comes with the risk that the stock price may decrease.
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a merchant bought a number of barrels of apples for $120 $ 120 . he kept two barrels and sold the remainder at a profit of $2 $ 2 per barrel making a total profit of $34 $ 34 . how many barrels did he originally buy?
If a merchant bought a number of barrels of apples for $120 . he kept two barrels and sold the remainder at a profit of $2 per barrel making a total profit of $34, then he bought 19 barrels.
Let's start by setting up an equation to represent the given information.
Let's assume the merchant originally bought x barrels of apples.
The cost of x barrels is $120.
After keeping 2 barrels for himself, he sold the remaining (x - 2) barrels at a profit of $2 per barrel, which means he earned a total profit of $2(x - 2) = $2x - $4.
We know from the problem that the total profit he made was $34.
Putting it all together:
$2x - $4 = $34
Solving for x:
$2x = $38
x = 19
Therefore, the merchant originally bought 19 barrels of apples.
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Who started the abolition of slavery?
They were overjoyed when, on January 1, 1863, President Abraham Lincoln issued the Emancipation Proclamation, which made slaves free in many parts of the South.
Who was in charge of abolishing slavery?William Wilberforce, Thomas Clarkson, and the British slave trade's end. Two of the most prominent abolitionists, Clarkson and Wilberforce, were crucial to the campaign's ultimate success. Clarkson was a tireless lobbyist and campaigner. In the Atlantic world, slavery was abolished in the 19th century. However, it is generally agreed that the Enlightenment, the political upheaval of the Age of Revolution, and the economic shifts associated with modernization were the primary factors in its development.
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