Initially when the graphs of the Average product of labor and Marginal product of labor are straight lines which shows that both the Average and Marginal product increase with the increase in labor.
Marginal product is the additional output that is generated by an additional worker. With a second worker, production increases by 5, and with the third worker, it increases by 6. When these workers are added, the marginal product increases.
The MP curve initially increases, reaches its maximum, and then declines. the AP curve also shows a similar trend as the MP. It rises, reaches its maximum, and then falls. At the point where AP reaches its maximum, AP = MP.
The law of diminishing marginal returns states that as successive amounts of the variable input, i.e., labor, are added to a fixed amount of other resources, i.e., capital, in the production process the marginal contribution of the additional variable resource will eventually decline. As the marginal product begins to fall but remains positive, the total product continues to increase but at a decreasing rate. As long as the marginal product of a worker is greater than the average product, computed by taking the total product divided by the number of workers, the average product will rise.
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salesforce is a large company, and with so many employees, people often find that their coworkers share an interest in their hobbies. a group of golfing enthusiasts decide to set up a putting green near the work site. what type of group is this?
A group of golfing enthusiasts is an example of an interest group. This kind of group shares a common interest in something, like a hobby.
Interest groupWhen you are interested in something and you find many other people have common interests as yours, then you form a group to share your common interest, this is what we call the interest group. This group represents the formation of a body to support their common interest, because one of the group functions is to share knowledge between the members of the group or creating a healthy environment for the members.
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Which of these is a disadvantage to only using cash to make purchases?
Cash advances require a lot of paperwork and are generally difficult to get is a disadvantage to only using cash to make purchases.
cash is felony gentle—forex or coins—that may be used to change items, debt, or offerings. every so often it also includes the fee of belongings that may be effortlessly converted into cash immediately, as reported with the aid of an employer.
Cash is the quantity of real cash an enterprise has at its disposal. it's miles are labeled on the balance sheet as a modern asset, which means it's miles in all likelihood for use within the subsequent 365 days, and is commonly held in bank money owed. money or its equal (consisting of a check) paid for goods or services at the time of purchase or delivery. coins. it's a shop of price. coins is extra than only a charge instrument. It permits humans to preserve money for saving functions without default chance. it is useful for a small man or woman-to-character presents and bills.Learn more about cash here: https://brainly.com/question/24179665
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Disclaimer: The question is incomplete. Please read below to find the missing content.
Which of the following is not a disadvantage to cash advances on a credit card?
a.
Cash advances are similar to loans in that they need to be paid back with interest.
b.
Cash advances require a lot of paperwork and are generally difficult to get.
c.
Cash advances are often the last thing to be paid when paying off your credit card.
d.
Cash advances often come with an interest rate much higher than your credit card.
gunther posted an expensive item on an online auction site. dominic offers the highest bid and sends payment to gunther. gunther then refuses to send the product to dominic. gunther has committed:
Gunther has committed online auction fraud.
Online auction fraud typically occurs when a buyer is misled about the items or services they are purchasing on an online auction site, or when a seller is not paid for the things they are selling or is paid using fake debit or credit cards. Methods for combating online auction fraud are:
Keep proof: Maintain a copy of the transaction by taking screenshots of it on the website and storing them safely.Check the auction website: As soon as you can, get in touch with the auction site. They will begin their own internal processes to investigate by flagging the transaction or the listing.Review the terms and conditions of the auction site. See how the auction handles situations like yours in its policy.To learn more about fraud refer:
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if the price level of what firms produce is rising across an economy, but the costs of production are constant, then: group of answer choices higher profits will induce expanded production. a majority of industries will start running into limits. increase in quantity produced won't be large. the maximum potential gdp will be exceeded.
if the price level of what firms produce is rising across an economy, but the costs of production are constant, then higher profits will induce expanded production.
The price level is determined by averaging the current prices for all the goods and services produced in an economy. Price level, in a broader sense, refers to the cost or price of a good, service, or security in the market.
Price levels can be displayed as discrete values, like a dollar amount, or they can be described in narrow ranges, as ticks with the prices of securities.
Price levels are a crucial signal in economics, and economists pay particular attention to them. They are crucial to the selling of goods and services as well as the spending power of consumers. In the chain of supply and demand, it also has a significant role.
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assume that simple company had credit sales of $245,000 and cost of goods sold of $145,000 for the period. simple uses the aging method and estimates that the appropriate ending balance in the allowance for doubtful accounts is $2,500. before the end-of-period adjustment is made, the allowance for doubtful accounts has a credit balance of $200. required: what amount of bad debt expense would the company record as an end-of-period adjustment?
The corporation would record the $2,300 bad debt expense as an end-of-period adjustment.
What are bad debt costs?
A bad debt expense is recognized when a receivable is no longer collectible as a result of a customer's inability to pay an outstanding debt due to bankruptcy or other financial troubles. Credit-granting businesses include bad debts in their allowance for doubtful accounts, also known as a provision for credit losses, on their balance sheet.
Bad debt costs are typically listed on the income statement as sales and general administrative expenditures. When bad debts are recognized, accounts receivable on the balance sheet are decreased, but businesses still have the opportunity to collect money if the circumstance changes.
Calculation:
According to the scenario, computation for the given data is as follows:
Ending balance in Allowance for doubtful accounts = $2,500
Credit balance in Allowance for doubtful accounts = $200
Bad debt expense then equals the final total - Credit standing
= $2,500 - $200
= $2,300
So, the Journal entry is as follows:
Bad debt Expense A/c Dr. $2,300
To Allowance for doubtful A/c $2,300
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suppose that you deposit $8,000 in your bank and the required reserve ratio is 15 percent. the maximum loan your bank can make as a direct result of your deposit is:
Find the total amount of deposits. Examine all of the reserves. The reserve ratio is calculated by dividing the reserves by the total deposits.
To more readily grasp the idea, consider a nation where the national bank forces a 15% hold prerequisite.1/15 is the reserve ratio; It means that the bank can lend $0.85 out of every $1 deposit. As a result, if a bank has $200 million in deposits, it can lend $170 million.
What is the current CRR ratio and CRR?The portion of a bank's total deposit that must be held as liquid cash reserves by the Reserve Bank of India (RBI) is known as the Cash Reserve Ratio (CRR).Learn more about SLR and Repo Rate by clicking here. The cash reserve ratio, which stands at 4% at the moment, will rise to 4.5 percent on May 21.
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based on francine's advice, what would appear to be the motivating factor for tina's acceptance of your proposal?
Based on francine's advice, Tina has a strong need to feel a sense of accomplishment and be recognized and admired by others for her accomplishments.
It gives you a sense of purpose to accomplish goals and feel proud of the work you've done. We all experience it, hopefully the majority of the time during our careers. Setting realistic goals actually ranks as the fourth most crucial element in boosting employee engagement, according to the Happiness Research Institute.
You naturally become more involved in your work when you feel a sense of accomplishment. You are inspired to go above and beyond by this feeling.
Splitting complicated projects into smaller, attainable goals is a more motivating and effective way to manage them. By doing so, you can solve any issues that arise and give your teams more frequent rewards.
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Complete question:
Before you start drafting your message, you tell Francine Santana, a senior member of your team, your idea and the primary audience you've selected for your message. She disagrees with your assessment and tells you, "Sorry, but I think you're off-base here. You should send the message to Tina Bagley, because once you get her to sign on to your survey idea, she can take the matter up with senior management to request the resources for the survey."
She goes on to tell you that it will be important for you to know what motivates Tina so your message will align with her interests and desires. Francine has been with GreenStar for a number of years and knows Tina well, so you ask her what she thinks motivates Tina.
Francine tells you, "Tina is very achievement-oriented. It would be a huge feather in her cap if she could demonstrate that this policy would retain existing customers and even grow our customer base."
Based on Francine's advice, what would appear to be the motivating factor for Tina's acceptance of your proposal?
a. Tina wants to help others and make a difference in the lives of other people.
b. Tina seeks approval from others and needs to feel accepted.
c. Tina's ultimate goal is power. She likes to feel in control of situations and exert authority over others.
d. Tina has a strong need to feel a sense of accomplishment and be recognized and admired by others for her accomplishments.
a man and his neighbor owned homes on adjacent lots in a subdivision. the subdivision's recorded restrictions did not prohibit detached storage sheds, and several homeowners in the subdivision had placed such sheds in their backyards. because the man and the neighbor thought the sheds were unsightly, they both agreed in writing not to place detached storage sheds in their respective yards. their agreement was drafted in recordable form and stated that it was enforceable by and against all assignees, heirs, and successors. the agreement was promptly recorded. three years later, the neighbor gave his home to his daughter. shortly after moving into the home, the daughter learned of the restriction. she informed the man that she planned to put a detached storage shed in her backyard, claiming that the restriction was not enforceable against her. does the man have the right to enjoin the neighbor's daughter from placing a detached storage shed in her yard?
The man can enjoin the daughter from building the storage because the restriction is binding on the daughter because she is a successor of the previous owner.
Successor:
Successor means a person who has a job, position, or title after someone else simply said that someone who succeeds another person.
Given,
A man and his neighbor owned homes on adjacent lots in a subdivision. , And they both agreed in writing not to place detached storage sheds in their respective yards. They done their agreement was drafted in recordable form and stated that it was enforceable by and against all assignees, heirs, and successors and agreement was promptly recorded. After three years later, the neighbor gave his home to his daughter. And she shortly after moving into the home, the daughter learned of the restriction. Now, she claimed the man that she planned to put a detached storage shed in her backyard, claiming that the restriction was not enforceable against her.
Here we need to find does the man have the right to enjoin the neighbor's daughter from placing a detached storage shed in her yard.
While we looking into the give question we have identified that the agreement is signed and register. And it will be enforceable against all assignees, heirs, and successors of the assignees.
Therefore, the man can have the right to enjoin the neighbor's daughter from placing a detached storage shed in her yard.
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a $130 credit to supplies was credited to revenue by mistake. by what amounts are the accounts under- or overstated as a result of this error?
The number of accounts under- or overstated as a result of this error is overstated $130, fees earned, overstated $130.
By incorrectly registering a debit of $130 withinside the deliver account we're exaggerating the supplies, due to the fact the registration could imply that the organization has $130 in supplies, while in truth it is not.
Credit sales in accounting it will seem like double access for your bookkeeping, with debit and credit scores wanting to be accounted for in addition to receivables and revenue. The asset debts are predicted to have debit balances, even as the legal responsibility and owner's fairness debts are predicted to have credit score balances. Therefore, while an organization earns revenues, it's going to debit an asset account (which includes Accounts Receivable) and could want to credit score every other account which includes Service Revenues.
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What are public goods? How is the development of public goods instrumental in have a
mixed economic structure? What are some public goods offered within the American
free enterprise system?
A good or service that is provided to all members of a society is referred to as a public good. Usually, governments are in charge of providing these services, and taxes are used to pay for them all. The rule of law, national defence, and law enforcement are a few examples of public goods.
Why are Public goods crucial?
Public goods are significant because they are intended to be accessible to the broader public and have particular characteristics that prohibit people or groups from not being able to use them while also promoting easy access. They must also be durable enough to sustain use without becoming inoperable for subsequent users.
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who at the closing table examines all documents for buyers or sellers and represents their best interests?
A realtor examines all documents for buyers or sellers and represents their best interests
One of the advantages of hiring a realtor when looking to buy a home is that he or she will attend the closing to ensure that both the buyers and sellers are satisfied with the results, as well as to collect the commission for a couple of months of hard work
It is obvious that the primary goal of Realtors is to sell properties. A good realtor, on the other hand, is not only concerned with selling the property at hand but also with educating the client in order to familiarize him or her with the entire buying or selling process. This is significant because the client can make an informed decision based on the available information.
If you are a buyer, on the other hand, hiring a realtor will help you answer a lot of questions before you begin the buying process. Because he or she is experienced and knowledgeable about the market, a realtor can advise you on what you want. A realtor will also guide you through the entire process of filling out forms and other details that may be required to get you a new home.
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The coca-cola company is the only producer of coca-cola. Is it considered a monopoly?.
Answer:
no
Explanation:
A monopoly is when an owner/company "takes over" or claims multiple smaller companies (take disney for example)
Answer:
No because a monopoly is when someone takes over an idistry
sean is a monopolist who operates a business rigging tablets to run twice as fast as the original specifications. if sean charges $40, he would have 10 customers, but if he lowers the price to $37, he would have 11 customers. what is the marginal revenue of the 11th customer? a) $437 b) $400 c) $37 d) $7
The marginal revenue of the 11th customer is $7 .
Option D is correct .
Marginal revenue :Marginal revenue is the increase in revenue that results from the trade of one fresh unit of affair. While marginal revenue can remain constant over a certain position of affair, it follows from the law of dwindling returns and will ultimately decelerate down as the affair position increases. Marginal revenue is a central conception in microeconomics that describes the fresh total revenue generated by adding product sales by 1 unit
Evaluating marginal revenue :Marginal revenue is the change in total income from 10 customers ($400) to 11 clients ($407).
Sean charges = $40
10 customers = $40 × 10
= $ 400
Lowers the price = $37
11 customer = $ 37 × 11
= $ 407
Marginal revenue = $407 - $400
= $7
Hence, the marginal revenue of Sean = $7
How a monopolist maximizes profits?A monopolist maximizes profits by choosing that affair and price at which marginal cost is equal to or comes as close as achievable to( without surpassing) the marginal revenue. This is given that the price is lesser than the mean variable cost, and that the marginal cost is uprising at the profit- maximizing affair.
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a financial statement audit is designed to group of answer choices provide assurance on internal control and to identify significant deficiencies and material weaknesses. detect error or fraud in the financial statements, regardless of whether or not the error or fraud is material. obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to fraud or error. obtain absolute assurance on the financial statements and express an opinion on the financial statements.
A financial statement audit is designed to provide assurance of internal control and to identify significant deficiencies and material weaknesses.
A financial statement audit is an independent auditor's review of the financial statements and related disclosures of an entity.
As a result of this investigation, the auditor has produced a report attesting to the fairness of the presentation of the financial statements and any pertinent disclosures. When issued to the intended recipients, the financial statements must be accompanied by the auditor's report.
A financial statement audit's goal is to give a business's reported financial situation and performance more validity. All publicly traded companies are required to submit annual reports that have been audited to the Securities and Exchange Commission.
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Start by setting aside money in your savings account for your goals and for emergencies. Then, fill in the other categories with your remaining money. Be sure to allocate all of your money, so you have $0 left. Everfi module 3 budgeting for wants
I tried but it wouldn't let me submit
The statement explains one of the ways to start a budget plan. The general rule is to divide your monthly after-tax income into three categories: 50% for needs, 30% for wants, and 20% for savings or debt repayment.
What are the seven steps in creating a budget?
7 Simple Steps to Creating a Budget
Step 1: Establish Realistic Goals.
Step 2: Calculate your income and expenses.
Step 3: Distinguish between needs and wants.
Step 4: Create Your Budget.
Step 5: Implement Your Strategy.
Step 6: Seasonal Expenses.
Step 7: Take a look ahead.
A budget plan is a graph that depicts the flow of money in your daily life. A budget can assist you in determining where you are overspending as well as in changing bad spending habits.
Therefore, You may be able to save more or make larger debt payments by making minor changes to your budget.
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which of the following is the economic role of government? i. to provide the legal framework and public services needed for a market economy ii. to redistribute income and wealth through transfer payments, market intervention, and taxation iii. to address market failure by reallocating resources to correct for positive and negative externalities iv. to promote economic stability, full employment, and low inflation through macroeconomic policies
Government provides the legal framework and the services needed for a market economy to operate effectively.
The legal structure and services required for a market economy to function properly are provided by the government. The legal system establishes the legal standing of corporations, protects private property rights, and permits the formation and execution of contracts.
The assumption is that government involvement will improve resource allocation. The government promotes the volume and security of exchange by providing a medium of exchange, ensuring product quality, clarifying ownership rights, and enforcing contracts. Increased specialization in the utilization of land, labor, money, and entrepreneurial resources is encouraged as a result of market expansion. Such specialization encourages the more effective use of resources.
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the employment interview asks all applicants a set of standardized questions; this produces data that can be compared and provides a basis for evaluating the applicants. group of answer choices true
In a structured interview, the interviewer uses a prearranged list of questions to ask the candidate.
Which interview style employs pre-formulated questions?A structured interview is a sort of interview that uses a predetermined list of standard questions to collect data. In contrast, an unstructured interview is a sort of interview that does not rely on a predetermined set of questions to collect data. Before conducting a more in-depth interview, you can acquire some basic qualification information about candidates during a pre-screening interview, often known as a pre-employment screening. After the pre-screening interview, you can get in touch with the company for a hiring update if you haven't heard anything after a week. If you're uncertain about your status after the prescreening interview, send the hiring manager a brief follow-up email.
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during market testing, sensation cosmetics (sc) realized that the cosmetics industry was dominated with multiple, well-established brands. these brands mostly sold their products in exclusive outlets and departmental stores. a new entrant like sc would require a different business model to be successful. thus, sc started selling its products through direct marketing. in this scenario, sensation cosmetics accomplished substitution primarily through:
Direct marketing was used by sc to start selling its goods. In this case, Sensation Cosmetics largely achieved substitute through Strategic Equivalence.
Strategic equivalence refers to the use of a strategy that, when marketing compared to other strategies used by the market's current competitors, is similar in terms of the risk put into it and the rewards anticipated as a result.
To put it another way, when SC began selling its products through direct marketing, it could have targeted the same market as other established Brand players, anticipating similar returns for the products compared to what the other Brands would be earning from the same base of marketing audience, thus resorting to Strategic Equivalence, without imitating the same strategies to capture the market as in the case of the current players.
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In 2005, $320 million of the federal government’s budget was allocated toward building a "bridge to nowhere" in Alaska that connected two small towns. In 2006, $500,000 was allocated toward a teapot museum in North Carolina, $1 million toward a water-free urinal initiative in Michigan, and $4. 5 million toward a museum and park at an abandoned mine in Maine. These projects were requested by specific legislators in order to boost their popularity in their constituencies
The expenditures is known as C. pork barrel spending.
What is an expense?An expense is defined as any item that necessitates the payment of money, or any form of fortune in general, to another person or group in exchange for an item, service, or other category of costs. Rent is an expense for a tenant. Tuition is an expense for both students and parents.
Pork barrel is a metaphor for the appropriation of government spending for localized projects that are secured solely or primarily to bring money to the district of a representative. The phrase originated in American English and refers to a negotiated form of political particularism.
Pork is typically defined as national funding for government programs whose economic or service benefits are concentrated in a specific area but whose costs are shared by all taxpayers. The most frequently cited examples are public works projects, certain national defense spending projects, and agricultural subsidies.
Therefore, the correct option is C.
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Complete question
In 2005, $320 million of the federal government’s budget was allocated toward building a "bridge to nowhere" in Alaska that connected two small towns. In 2006, $500,000 was allocated toward a teapot museum in North Carolina, $1 million toward a water-free urinal initiative in Michigan, and $4. 5 million toward a museum and park at an abandoned mine in Maine. These projects were requested by specific legislators in order to boost their popularity in their constituencies.
The expenditures is known as:
a. pork belly spending.
B. over the barrel spending
c. pork barrel spending
d. sunk cost
the table below represents a firm's profit for producing and selling tomato plants. assume that if a firm would have the same profit at two different levels of output, then the firm would choose the greater level of output. assume that the only levels of output that the firm can produce are the levels of output given in the table. at what level of output does the firm maximize profits? quantity total cost fixed cost variable cost marginal cost total revenue marginal revenue 0 $2 $2 - - $0 - 5 $3 $2 $1 $1 $3 $3 10 $4 $2 $2 $1 $6 $3 15 $6 $2 $4 $2 $9 $3 20 $9 $2 $7 $3 $12 $3 25 $13 $2 $11 $4 $15 $3 provide your answer below:
According to the given information, at the level of 20 the output does the firm maximize profits.
Produces Quantity = 20
The firm will operate where Marginal Revenue = Marginal Cost i.e. the first order condition for profit maximization
In this case its 20 where Marginal Revenue = Marginal Cost = 3
Further the second order condition requires after equilibrium Marginal Cost > Marginal Revenue which is also satisfied as 4 > 3 at 25 quantity. Further proving that 20 is the profit maximization output.
The revenue increase brought on by the sale of one additional unit of output is known as marginal revenue. While marginal revenue may be constant above a certain level of output, the law of diminishing returns dictates that it will eventually begin to decline as output level rises. According to economic theory, perfectly competitive businesses continue to produce goods and services until marginal revenue and marginal cost are equal.Because it can enable an organization to maximize its production through economies of scale, marginal cost is a crucial concept in managerial accounting.Learn more about Marginal Revenue, here
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what is meant by planning a project? what does this encompass? who should be involved in planning the work?
The project planning process involves clearly defining the project purpose, defining the project scope, choosing the quality arrangement, and assigning tasks to the appropriate team members. Planning the task should involve everyone in the organization, including the executives or group leader.
What is project planning?
Project planning is frequently used to coordinate several aspects of a project, such as work loads, team management, and project plans. An activity network diagram is used to define the logical relationships between tasks and to identify the critical path. Since it must be done before the project is actually started, project planning is inherently uncertain.
As a result, it is common practice to estimate work duration using a weighted average of optimistic, normal, and pessimistic conditions. The critical chain method includes "buffers" in the planning process to account for potential execution delays. Project management software can be used to calculate float or slack time in the schedule.
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suppose a business traveler is willing to pay $1000 to fly from new york city to miami on an unrestricted ticket. the business traveler is willing to pay only $200 if the ticket requires a saturday night stayover. a vacation traveler is willing to pay $250 for the ticket with a saturday night stayover, but is uninterested in purchasing an unrestricted ticket at any price. if the marginal cost (to the airline) of both types of ticket is $100, what is the profit maximizing pricing policy for the airline. what is its total surplus?
producers' surplus times total surplus equals 1050. Profit maximization aims to generate much more profit than your rivals Price discrimination would therefore be required for this.
As a result, the unrestricted ticket will cost $1000, while the restricted ticket will cost $250.
Consequently, both business and leisure travelers will purchase tickets, generating a revenue of $1250 ($1000 + $250).
The Marginal Cost will therefore be $100.
And the profit will be equal to $1050 ($1250-200).
b) Producer surplus plus consumer surplus plus profit equals total surplus.
Since there is no oversupply of consumers in our situation. Because both consumers paid these amounts to the fullest extent of their willingness.
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tom purchased a 7-year asset for his business in february, three years ago, at a cost of $4,500. it is being depreciated using the half-year convention for macrs. he did not deduct any bonus depreciation and or take a sec. 179 expense in the year of purchase. the asset was sold in april of year 4. how much depreciation will tom deduct for the asset in year 4?
Depreciation will tom deduct for the asset in year 4 is $281 .
Reason: .1249 x $4,500 x .5
In accounting, depreciation is a term that refers to two aspects of the same concept. The first is the actual decline in an asset's fair value over time, such as through use, wear and tear or obsolescence. This reduction is measured as depreciation.
Description: Depreciation, i. H. A decrease in the value of an asset can also be caused by many other factors, such as adverse market conditions at any time during the asset's expected useful life. Depreciation includes depreciation of assets with a predetermined useful life.
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new employees at jarvis company cannot participate in the group term life insurance plan until they have worked at the company for three months. this initial period before a new employee can participate is called a(n)
This initial period before a new employee can participate is called a probationary period.
The trial period of employment in a new company or job role is known as a probationary period. Before making a long-term commitment, it enables you and the company to get to know one another better. You have the chance to determine whether the position is relevant to your interests, skills, and abilities while the company makes the final decision regarding the candidate's suitability for permanent employment.
During your probationary period, the company typically exempts you from some of the employment rules that apply to regular employees. For instance, if the standard notice period for leaving a job is one month, it might be shortened to one week during the probationary period.
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bob works as a torklitt driver in a manufacturing plant. vhen ne is at work. he is covered bv workers compensation insurance. his employer has also included a major medical plan as part of his benefit package, so bob is also covered by insurance outside of working hours, as well. which insurance term best describes this arrangement?
This arrangement is superior due to the insurance term's 24-hour coverage.
How is a 24-hour shift covered?
The best 24/7 shift pattern, assuming a flat 24/7 shift pattern cover requirement, is typically a four- or five-team solution that can use either three shifts (typically eight hours each) or two twelve-hour shifts to provide 24/7 shift pattern cover.
What does a schedule with 24 hours look like?
In a 24-hour schedule, teams work four 10-hour shifts consecutively before taking two days off. They then work four 10-hour third shifts consecutively before taking three days off. They then work four 10-hour second shifts consecutively before taking another three days off.
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who is a consumer? who is a customer? who is a buyer? as a student, are you a consumer, customer or buyer? what a three-year old child be? what an ill person not able to go to the store be?
Any person who consumes anything is a consumer. He has the ability to eat, ride, remain, play, etc (u name it..).
A customer is someone who plans to make a purchase at a store. He would be the shopkeeper's customer.
A buyer is a consumer who enters a store and makes a purchase there (a window shopper isn't a buyer but unquestionably a customer).
You are most likely all three of these things as a student: a consumer, customer, and buyer. You consume food, education, health, and a variety of other things. Since you must have visited a store and purchased a pen or perhaps something else from a store at some point, you are also a customer. But if you visit a store but leave empty-handed, you are just a customer, not a buyer.
A youngster under three cannot go shopping. As it must consume baby food, it is merely a consumer.
As the sick person must consume food and medication in order to recover, he is merely a consumer. He can only be a buyer and customer if he visits the store and makes a purchase.
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when yamaha entered the market with a broader range of pianos, keyboards, and other musical instruments, it was using which offensive tactic?
Yamaha used an offensive strategy known as "encirclement" when it entered the market with a wider selection of pianos, keyboards, and other musical instruments.
What is an offensive tactic?A sort of company strategy known as an aggressive competitive strategy entails actively pursuing changes within the industry. In order to stay ahead of the competition, companies that go on the offensive frequently undertake acquisitions and make significant investments in R&D and technology.
They will also confront rivals by excluding them from emerging or underserved markets or by competing directly with them. Conversely, defensive competitive strategies are intended to offset aggressive competitive methods. To develop an offensive competitive strategy, a variety of tactics and strategies may be used independently or jointly. In some markets or locations, businesses may even use completely different strategies.
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suppose that the economy pictured above is currently operating at the intersection of as and ad2, and that the full employment level of output is y. if contractionary fiscal policy and accompanying multiplier effects move aggregate demand from ad2 to ad1, what will be the effect on real gdp and the price level assuming the ratchet effect occurs?
Real GDP will fall to X and the price level will remain unchanged, assuming a ratchet effect occurs.
A price is the amount of money that one party pays another in exchange for goods or services; it is typically not negative. The cost of production can take on different names depending on the circumstance. The price of a product is the amount that customers are willing to spend. Marketers must relate the price to the product's actual and perceived value. Gross domestic product (GDP) is a monetary indicator of the market value of all finished goods and services produced and distributed by nations during a given time period. Gross domestic product (GDP) is the accepted unit of measurement for the value added produced by the production of goods and services in a nation over a specific time period.
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an investor has purchase a bond where the issuer will repay part of the bond's principal before the final maturity date, and then pay off the major portion of the debt principal at final maturity. this is
An investor has purchased a bond wherein the provider will pay off a part of the bond's primary earlier than the very last adulthood date, after which repay the important part of the debt primary at the very last adulthood. This is a balloon maturity schedule.
What's balloon maturity?Balloon maturity refers to a state of affairs whilst the very last fee to pay off a debt is considerably large than the preceding payments. The maximum not unusual place utilization of this time period is on problems. Issuing bonds and making plans for balloon adulthood may be volatile for a provider.
For example, if in three hundred and sixty-five days a financial institution problems 500 bonds so that it will mature in 10 years, the financial institution should be assured it is going to be capable of cowl the primary of all 500 bonds once they mature and are due. Likewise, it should additionally be capable of meeting all of the coupon payments in the course of the ones 10 years.
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dan has agi of $50,000 and paid the following taxes during this tax year. state income tax withholding $ 1,375 state income tax estimated payments 800 federal income tax withholding 3,175 social security tax withheld from wages 2,000 state excise tax on liquor 450 automobile license (based on the car's weight) 325 state sales tax paid 525 calculate how much dan can deduct for taxes as an itemized deduction this year.
$2,175 dan can deduct for taxes as an itemized deduction this year.
What is a tax?
A tax is a mandatory financial charge or other type of levy placed on a taxpayer (an individual or legal entity) by an administrative body to pay for various public expenditures and administrative costs.
The following chart shows how the itemized deduction was calculated:
State income tax withholding and anticipated payments for state income tax
= $1,375 + $800
= $2,175
We do not deduct Social Security tax, state excise tax on alcohol, or federal income tax withholding because these taxes are taxable.
Additionally, the automobile license is dependent on the weight of the vehicle rather than its market worth. Therefore, this wouldn't be regarded.
Additionally, we might choose among the state income tax or the sales tax. So, in the calculating section, we include the state income tax.
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