Turbo tax is the best software to use for tax preparation.
The best tax preparation software is TurboTax. They assist you after submitting your taxes if you want to track your refund, check the status of your e-file, make changes to a tax return, and much more. They have some extremely nice options for tax filing.
Michael A. Chipman of Chipsoft created TurboTax in 1984, and Intuit acquired it in 1993. Due to its shady business tactics and political connections, the corporation has generated criticism.
The manufacturer of TurboTax, Intuit, has actively opposed the Internal Revenue Service (IRS) from establishing its own online tax filing system, similar to those that are used by the majority of other wealthy nations.
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a profit-maximizing firm will continue to expand output group of answer choices as long as the revenues from the production and sale of an additional unit exceeds the average costs of the unit. until the average cost of producing the good or service is at a minimum. as long as the revenues from the production and sale of an additional unit exceeds the marginal cost of the unit. until the marginal cost of producing a good or service is at a minimum.
A profit-maximizing firm will continue to expand output it adding more to revenue than it adds to cost.
A profit-maximizing firm comes to a decision to shut down in the quick run whilst the rate is much less than an average variable fee. Ultimately, a company will go out of the marketplace when the price is much less than the common total cost.
A company maximizes earnings with the aid of running where marginal revenue equals marginal value. this is stipulated beneath the neoclassical concept, wherein a firm maximizes profit that allows you to decide a stage of output and inputs, which offers the price equals marginal price condition.
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What are the benefits importance of international business to nations and firms?.
By selling items in countries with high expenses, it encourages organisations' earnings to increase. It aids the organisation in making use of its extra firms resources and raises the profitability of its operations.
Additionally, it aids firms in improving their chances for growth. International trade frequently serves as a motivator for states to enhance their communication and transportation systems with other nations in order to support the ongoing flow of goods and services. Increased contact between nations as a result of improved relations brought on by international trade organisation. The trade of commodities, services, technology, capital, and/or information across national borders and on a global or transnational scale is referred to as international business.
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What are the disadvantages of trade protectionism?.
Disadvantages of protectionism are limited choice for customers, slow technological growth, and increased prices.
Protectionism is an outcome of protectionist trade policies that a government of a country adopts to protect and promote its domestic producers and sellers. Protectionism limits the choice of products and services for the customers as there is no access to foreign goods.
Protectionism also results in stagnation of technological adaptation in business and production as the producers are laid back due to no competition from outside. They will also increase the price as there are no foreign goods available for competition. Customers have to pay for the increased price irrespective of the improvement in the product.
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a fast-food business modifies its menu substantially in the different countries where it opens restaurants, as well as accommodating different expectations regarding customer service. this company probably uses a strategy.
This company probably uses a multidomestic strategy for its business.
What is multidomestic strategy?It is a marketing approach where a company focuses on customizing advertising and commercial efforts to local markets.
Based from the information given, this fast food business modifies its approach in the different countries where it opens new restaurants, as well as accomodating different expectations regarding customer service. As we can see, the business already launched new product lines to meet customer needs. Also, they already adjusted its marketing strategy as well to be accepted by customers from different countries. The business focuses on customizing its advertising to local markets so the business will be welcomed by its new customer from different countries.
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How can TNCs help a country to develop?.
TNCs like Shell create jobs in the supply factories and the services where the products are sold, and they do their best to restore the environment after they accidentally do damage.
What part do TNCs play in the advancement of industry?TNCs like Shell create jobs in the supply factories and the services where the products are sold, and they do their best to restore the environment after they accidentally do damage. TNCs frequently operate charities to assist citizens in the nation where they do business.TNCs have the ability and desire to aid in the development of poor nations. But it also depends on the policies being pursued by the respective countries as to how much they can contribute to the social and economic development goals of a nation.
The development of jobs is one benefit of TNCs setting up shop in a nation.
more reliable than farming in terms of stable revenue.better training and abilities.Locals benefit from infrastructure investments, such as new roads.To learn more about TNCs refer to:
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ajax, incorporated, issued callable bonds with a par value of $1,000,000 that require the payment of a call premium of $10,000. the bonds have a carrying value of $990,000. we call these bonds prior to maturity on september 30plete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
Governments and businesses both issue bonds to raise money.By purchasing a bond, you are granting the issuer a loan, and they pledge to repay you the face amount of the debt on a particular date as well as periodic interest payments along the way, typically twice a year.
Find the solution ?bonds payable 1,000,000 debit
loss on redemption 20,000 debit
discount on bonds 10,000 credit
cash 1,010,000 credit
--to record tyhe call of the bonds on September 30th--
par value of the bonds: 1,000,000
call premium: 10,000
total cash disbusements: 1,010,000
carrying value 990,000
loss on redemption 20,000
discount/premium:
face value 1,000,000
carrying value 990,000
discount 10,000
We write off the bonds account: bond payable and bon discount
we debit the loss and credit the cash disbursments.
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Which of the following occurs simultaneously with an income effect?
A. backward-bending supply curve
B. Giffen good effect
C. preferences effect
D. substitution effect
D.
Substitution effect occurs simultaneously with an income effect.
The change in demand for an item or service brought on by an alteration in a consumer's actual income or buying power is known as the "income impact" in microeconomics. The income impact suggests that as one's money increases, individuals would start to expect more (and vice-versa).
When applied to standard products, income impact might take the shape of either a positive or negative outcome (with inferior goods). Price has a significant impact on the outcome and serves as an example of why the demand curve slopes downward (as price increases, demand decreases).
Hence the correct option is D
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suppose that the demand and supply of money are initially in equilibrium, and that the demand for money increases. a monetary authority interested in keeping the money supply constant and the interest rate low must
Through open market operations, central banks typically change the money supply to implement monetary policy. For instance, a central bank might lower the amount of money while also bringing in funds from commercial banks.
The monetary base, which is made up of both the amount of money in circulation and the bank reserves deposited with the central bank, can be changed by the central bank to affect interest rates. The discount rate, open market operations, and reserve requirements are the three main tools that central banks use to implement monetary policy.
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Easy money policy is _____.
the belief that the money supply is the most important factor in macroeconomic performance
monetary policy that increases the money supply
the time it takes for monetary policy to have an effect
monetary policy that reduces the money supply
on november 1, 2019, norwood borrows $490,000 cash from a bank by signing a five-year installment note bearing 7% interest. the note requires equal payments of $119,506 each year on october 31.
The amortization table for the installment of Norwoord's notes payable is:
Period Beg. Balance Debit Int. Debit N/P Credit Cash End.
End. date Expense Balance
10/31/2020 $490,000 $34,300 $85,206 $119,506 $404.794
10/31/2021 $404,794 $28,336 $91,171 $119,506 $313,623
10/31/2022 $313,623 $21,954 $97,553 $119,506 $216,070
10/31/2022 $216,070 $15,125 $104,382 $119,506 $111,688
10/31/2022 $111,688 $7,818 $111,688 $119,506 $0
Journal entries for accrued interest at December 31, 2019 and the first annual payment on note is:
December 31, 2019
Interest Expense ($490,000 x (7%/12)) $2,858
Interest Payable $2,858
October 31, 2020
Notes Payable $85,206
Interest Expense $31,442
($490,000 x 7% - Int. payable)
Interest Payable $2,858
Cash $119,506
Amortization is an accouting technique to reduce the book value of a loan periodically. Amortization table shows how a loan payment schedule accross period of time and the amount of interest and notes paid.
From the case, we know that:
Total loan = $490,000
n = 5 years
interest rate = 7% p.a
PMT = $119,506
The amortization table for this case is:
Period Beg. Balance Debit Int. Debit N/P Credit Cash End.
End. date Expense Balance
10/31/2020 $490,000 $34,300 $85,206 $119,506 $404.794
10/31/2021 $404,794 $28,336 $91,171 $119,506 $313,623
10/31/2022 $313,623 $21,954 $97,553 $119,506 $216,070
10/31/2022 $216,070 $15,125 $104,382 $119,506 $111,688
10/31/2022 $111,688 $7,818 $111,688 $119,506 $0
To records the transaction on December 31, 2019, we have to first calculate the amount of interest expense accrued. The interest expense accrued could be find by dividing the annual interest rate by 12 to have the monthly interest rate:
Interest expense = $490,000 x (7% : 12)
Interest expense = $2,858
The transaction on December 31, 2019 could recorded as:
December 31, 2019
Interest Expense ($490,000 x (7%/12)) $2,858
Interest Payable $2,858
When Norwood pay the annual payment on notes on October 31, 2021, Norwood shoud include the interest payable account accrued on December 31, 2019. We could use informations from the amortization table to make the journal entries.
October 31, 2020
Notes Payable $85,206
Interest Expense $31,442
($490,000 x 7% - Int. payable)
Interest Payable $2,858
Cash $119,506
Take a look at the amount of interest expense recorded on October 31, 2021. Because we have accrued the interest for December before book closing with interest payable account, we have to find the reminding unaccrued interest expense to be recorded on October 31, 2021.
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Complete Question:
On November 1, 2019, Norwood borrows $490,000 cash from a bank by signing a five-year installment note bearing 7% interest. The note requires equal payments of $119,506 each year on October 31.
Required:
Complete an amortization table for the installment notePrepare the journal entries in which Norwood records the followingAccrued interest as of December 31, 2019 (the end of its annual reporting period)The first annual payment on the noteWhich pricing approach for a restaurant would have the greatest risk of adverse selection due to buyers having private information?.
Due to the buyers' sensitive personal information, the all-you-can-eat buffet in a restaurant with a set price would be the largest danger to the pricing strategy.
The right pricing strategy is essential if you want to stay competitive in markets where volume and price pressure are increasing. It guarantees that you receive the payment you are entitled to for the goods and services you provide as well as the revenues you need to invest in growth and transformation.
Four pricing strategies competitive pricing, cost-plus pricing, markup pricing, and demand pricing are often used by small business owners.
The good-better-best price structure, often known as a tiered pricing strategy, can be used by a business to increase sales. A company is successful when it offers three unique product or service packages.
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Joe Sullivan and Mark Holland, members of the top management at EuAir, an European airlines, were preparing for a meeting to discuss strategies to combat the recent rise in fuel prices. Before the meeting began, Joe and Mark were discussing how oil prices significantly impact the health of the world economy Joe spoke of how higher oil prices since 1999, partly the result of OPEC supply management policies, contributed to the global economic downturn in 2000-2001. Mark agreed but added that the right kind of strategy could help them overcome this challenge and that they could even use the situation to hike fares and generate additional revenues. Which of the following statements, if true, would denote the occurrence of groupshift in Joe's opinions during the meeting? Joe determined that the best strategy would be to slash prices and minimize all fringes that are used for customer service. Joe recommended that the prices for business class fares be increased as they represent a less price-sensitive group of customers Joe proposed that the company should invite price quotes from new suppliers to reduce their dependence on their current fuel suppliers. Joe claimed that aviation fuel was their second largest expense and this was the time to contemplate obtaining a few futures contracts with suppliers. Joe convinced the top management team to decrease the capacity of the flights,
Joe came to the conclusion that the best course of strategy would be to reduce all customer service margins and lower prices.
A general plan to accomplish one or more long-term or overall goals in the face of uncertainty is known as a strategy. The term was first used in the strategy 6th century C.E. in Eastern Roman terminology, and it wasn't until the 18th century that it was translated into Western vernacular margins languages in the sense of the "art of the general," which included several subsets of skills including military tactics, siegecraft, logistics, etc. In a military confrontation from that point on until the 20th century, the term "strategy" evolved to mean "a comprehensive means to try to attain political aims, including the threat or actual use of force, in margins a dialectic of wills."
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Which of the following is NOT one of the reasons why it is difficult to determine whether a business practice is sustainable or unsustainable? Unsustainable levels of production could be positive in the short term and negative in the long term. Business owners have a clear incentive to only use practices that take into consideration long term consequences The costs and benefits of policy accrue differently to different stakeholders. We cannot objectively say whether a policy is negative or positive.
Business owners have a clear incentive to only use practices that take into consideration long term consequences is not one of the reasons why it is difficult to determine whether a business practice is sustainable or not.
What are Sustainable business?When it comes to business, sustainability is operating without having an adverse effect on the environment, the community, or society at large.
There are two primary topics that sustainability in business often addresses:
A sustainable business plan seeks to have a beneficial effect in at least one of those areas. When businesses shirk their responsibilities, the converse might occur, resulting in problems like social injustice, inequality, and environmental deterioration.When making decisions, sustainable enterprises take a variety of economic, social, and environmental concerns into account. These companies keep an eye on the effects of their actions to make sure that short-term gains don't become long-term obligations.To know more about sustainable Business, visit:
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the forward commitment subject to the least counterparty credit risk is: group of answer choices a forward contract. a futures contract. an over-the-counter interest rate swap.
The forward commitment subject to the least counterparty credit risk is futures contract.
Credit is the trust that permits one party to lend money or resources to another party, with the understanding that the second party will not immediately refund the first party but will instead repay it or return the resources at a later time. Credit is a strategy for formalizing reciprocity, making it enforceable by law, and extending it to a sizable number of unrelated parties.
The resources offered might be monetary or they could be in the form of products or services. Any postponed payment arrangement is considered credit. A debtor, also known as a borrower, is given credit by a creditor, also known as a lender.
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TRUE/FALSE. if buyers of a monopolistically competitive product feel the products of different sellers have little differences between them, then the demand for each seller's product is relatively elastic.
If buyers of a monopolistically competitive product feel the products of different sellers have little differences between them, then the demand for each seller's product is relatively inelastic. Thus, the given statement is false.
What is Monopolistic competition?When a large number of businesses provide rival goods or services that are comparable but imperfect alternatives, monopolistic competition develops. A monopolistic competitive industry has minimal entry requirements, and actions made by any one business do not immediately impact those of its rivals.
The price and marketing choices made by the rival firms serve as their points of differentiation. Pricing is frequently a major tactic for these rival businesses since demand is very elastic for their products and services. In order to increase sales, one business may decide to cut prices while forgoing a bigger profit margin.
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a company budgets the following direct materials purchases: april: $70,000; may $90,000; june: $60,000. all purchases are on account and the company pays 25% of purchases in the month of the purchase and the remaining amount in the following month. cash payments for june for direct materials is $
The cash disbursement for June is $77,500.
What is cash disbursementA cash disbursement is a cash payment made. In the payments industry, the term usually refers to an ATM withdrawal or a cash back transaction. These transactions are typically only possible with debit cards rather than credit cards, and they are frequently subject to different rules than regular purchases.Here,
The cash disbursement computation for the month of June is shown below:
cash disbursement = June purchase month percentage + May purchase subsequent month percentage + April purchase second subsequent month percentage
= $60,000 × 25% +$ 90,000 × 50% + $70,000 × 25%
= $15,000 + $45,000 + $17,500
= $77,500
The remainder of the percentage would be
= 100% - 25% - 50%
= 25%
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which of the following occurs when a company provides financial support for an event such as the olympics or a concert? a. third-party endorsement b. sponsorship c. celebrity endorsement d. source credibility e. two-sided message
Sponsorship occurs when a company provides financial support for an event such as the Olympics or a concert.
What do you mean by sponsorship?The function or duty of a person or organization that promotes, aids, advises, or contributes to the funding of another person, a group, or a project: The money from your sponsorship will be used to pay the child's tuition and make sure they eat three meals a day.
How are sponsorships carried out?When a business donates money or resources to a good cause in exchange for prearranged marketing benefits, it is engaging in sponsorship. In exchange for supporting the organization, the business gains exposure by having their name and logo featured on objects like banners. T-shirts and other clothing.
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the types of work-related activities best suited for automation include activities associated with managing others, applying expertise in making decisions and offering recommendations, interacting with stakeholders, and performing physical activities in an unstructured and unpredictable environment.
False, the types of work-related activities are not best suited for automation include activities associated with managing others.
What is automation ?Automation refers to a wide range of technologies that reduce human intervention in processes by predetermining decision criteria, sub-process relationships, and associated actions, and machine-embodying these predeterminations. .Automation is the term for technology applications that require minimal human input. This consists of business process automation, IT automation, personal applications such as home automation, and more. Many forms of automation exist in our daily lives, from the simplest to the most complex applications. Common examples include home thermostats used to control heating boilers, early self-responding systems, electronic navigation systems, and the cutting-edge algorithms behind self-driving cars. Types of automation are defined and examples of automation systems used in manufacturing are described.He has three types of automation in production: (1) fixed automation, (2) programmable automation, and (3) flexible automation.To learn more about automation from the given link :
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f a country has a population of 400 million, 160 million people employed and 40 million people looking for work, then its unemployment rate is 10% 20% 25% 40%
If 160 million people employed and 40 million people looking for work, then its unemployment rate is 25% (third option)
What is the unemployment rate?The unemployment rate is the ratio of those who are unemployed to the total labor force.
Unemployment is when people who are willing and able to work do not have a job and are actively looking for employment. The labor force is the sum of the employed and the unemployed.
Unemployment rate = (those who are looking for work / total labor force) x 100
Total labor force = those employed + those unemployed
Total labor force = 160 million + 40 million
Total labor force = 200 million
Unemployment rate = (40 million / 200 million) x 100 = 25%
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In 2006, the five leading suppliers of digital cameras in the United States were: Canon, Sony, Kodak, Olympus, and Samsung. The combined market share of these five firms was 60.9 percent. The leading firm was Canon, with a market share of 18.7 percent. The own price elasticity for Canon’s cameras was -4.0 and the market elasticity of demand was -1.6. Suppose that in 2006, the average retail price of a Canon digital camera was $240, and that Canon’s marginal cost was $180 per camera.Based on this information:a) Calculate the five-firm concentration ratio and discuss industry concentration.b) Classify (elastic, inelastic, unitary elastic) and interpret the market elasticity of demand for cameras.c) Calculate the Rothschild index and interpret it.d) What is Canon’s Markup factor? What does it mean?
Rothschild index: .40
Canon's Lerner index: .25
The market structure of the digital cameras in 2006 is oligopoly
What is meant by oligopoly and monopoly ?A few comparatively larger enterprises with a high level of market concentration make up an oligopoly market structure. In the given example, we see that 5 leading big firms in the digital camera market holds a substantial combined share of 60.9%. Rest others constitute only 40% of the market share. So there are only few dominant large firms and there market concentration is also high. Due to its relatively elastic market share, Canon must closely monitor the price strategies of its rivals.
Absence of large number of firms, large market share of individual firms and freedom to decide the price, does not make it perfectly competitive market structure.
Relatively greater price elasticity and presence of few number of firms and neck to neck competition between the firms, does not make it monopoly market structure
Presence of few but not large number of firms, relatively homogenous products, Greater market concentration of few big firms does not make it monopolistic market structure.
The complete question is : In 2006, the five leading suppliers of digital cameras in the United States were: Canon, Sony, Kodak, Olympus, and Samsung. The combined market share of these five firms was 60.9 percent. The leading firm was Canon, with a market share of 18.7 percent. The own price elasticity for Canon's cameras was -4.0 and the market elasticity of demand was -1.6. Suppose that in 2006, the average retail price of a Canon digital camera was $240 and that Canon's marginal cost was $180 per camera.
Based on this information, calculate the Rothschild index and Kodak's Lerner index.
Instructions: Enter your responses rounded to two decimal places.
Rothschild index:
Canon's Lerner index:
Which type of market structure best describes the digital camera in 2006?
-Perfect competition
-Monopolistic competition
-Oligopoly
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according to mill, the capital intensiveness of a business could serve as a barrier to entry. true false
It is accurate to say that Mill hypothesized that a business' high capital requirements would act as a barrier to entrance.
What is the biggest challenge to breaking into the field?The following are a few instances of typical entrance barriers: special tax incentives for existing enterprises, patent protections, well-known brands, committed customers, and significant switching costs. Another obstacle is the requirement that new enterprises obtain licenses or regulatory clearance before operating.
Why are there so many barriers in a certain industry?The most obvious entrance hurdles are high start-up costs and regulatory constraints, like those that mandate new enterprises get licenses or regulatory clearance prior to operation. Aside from that, the industries that are heavily regulated by the government are often the most difficult to enter.
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expert that helps you learn core concepts.
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Sofia Martin sells Mary Kay cosmetics. She hosts parties, provides product knowledge, and places orders for her customers with Mary Kay. Mary Kay considers Sofia to be an independent dealer of their product. Regarding this situation, which of the following statements is accurate?
Sofia is not an employee, so in a strict technical sense her sales are not direct distribution.
Sofia is an independent dealer, so the communication between her and her clients is considered direct marketing.
Sofia is engaging in classic indirect distribution.
Sofia is a licensee, which gives her exclusive rights to directly distribute Mary Kay products.
None of these answers is correct.
Sofia is a licensee, which means she has the exclusive right to distribute Mary Kay products directly.
Who is an independent dealer?A leading dealer in the relevant physical trading markets for the Affected Transactions who is not a Party or an Affiliate of a Party is referred to as an Independent Dealer.Private sellers are more likely to negotiate and offer you a better deal. A car sold privately does not receive as much exposure as one sold at a dealership, making it more difficult to sell. Private sellers are frequently more motivated to complete the transaction, especially if they require the space for a new car.An authorized dealer functions similarly to a retail distributor. While franchisees are bound by a set of corporate rules, dealers have more leeway in terms of store design and product availability.To learn more about independent dealer refer to :
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under what circumstances is it necessary to use the modified internal rate of return (mirr) instead of the internal rate of return (irr)? explain.
Due to the possibility of using inflated discount rates for all cash flows, internal rate of return( IRR) estimates may overestimate the possible future worth of a project. To prevent skewing the cost of reinvested growth from stage to stage in a project, the modified internal rate of return is employed.
IRR is helpful because it enables managers and analysts to evaluate the returns from several projects and select the one that offers the best overall return or that exceeds a predetermined minimum return threshold.
The IRR calculation offers a simple approach to evaluating options and aids in "normalizing" the cash flows from possible investments.
To prevent skewing the cost of reinvested growth from stage to stage in a project, the modified internal rate of return is employed. The assumed rate of reinvested growth can be changed for various project stages using a modified internal rate of return.
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All of the following are examples of indirect costs that can be classified as being variable costs except: Utilities. Material handling costs. Production supervisor salaries. Transportation costs.
All the are indirect costs that can be classified as variable costs except production supervisor salaries
Costs associated with an activity or product that cannot be immediately linked to them are known as indirect costs. They are utilized or shared in several activities. Examples include administrative costs, marketing costs, phone costs, rent costs, office costs, etc. Businesses employ indirect costs across the board, not only in relation to a single product.
In a factory, the expense of supervisors' wages is typically categorized as a fixed cost because it is not based on the level of production for a specific time period. In most cases, regardless of the level of productivity, the salaries are set for a particular month or year. Since it is a factory expense, it counts as a manufacturing overhead cost and is included in conversion costs along with direct labor.
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A ________ is a series of sequential steps a manager uses to respond to a structured problem.
A procedure is a series of sequential steps a manager uses to respond to a structured problem.
The decision-maker makes a series of observations about a process before deciding. In the majority of sequential choice problems, each observation carries an implicit or explicit cost.
The term "process" refers to a set of rules and regulations that everyone must adhere to in order to execute a task. It involves a series of actions that managers or people must do in order to respond to or handle structured situations.
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which of these would be an example of a ddos attack?an extortion attempt where hackers threaten to reveal names and social security information stolen from medical records databasesoverloading a popular social networking site with inbound messages in order to shut down access to the sitelaunching a targeted phishing campaign on a department of defense or other surveillance networkstealing proprietary data directly from mobile phones using a distributed network of difficult-to-trace online serviceslaunching tough-to-track click-fraud efforts
The example of DDos attack is b. Overloading a popular social networking site with inbound messages in order to shut down access to the site. DDos attack will make disrupting services of a host connected to network,
A denial-of-service attack or known as DDos In computing generally can be defined as a cyber-attack in which the perpetrator seeks to make a network resource or also machine unavailable to its intended users by temporarily or indefinitely disrupting services of a host connected to a network. The common example of DDos or also denial-of-service attack attack is UDP flooding, SYN flooding and DNS amplification.
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Monopoly profit will _____ when a monopolist goes from single-price monopoly to perfect price discrimination.
Monopoly profit will increase when a monopolist goes from single-price monopoly to perfect price discrimination. Because there is no profitability competition in a monopolistic market, the monopolist has complete control over the price and quantity requested.
The level of output where a monopoly's profit is maximized occurs when the marginal cost and marginal income are equal. which are then deducted from total revenue to determine their profit or loss (TR). Remember that businesses use their average cost (AC) to evaluate profitability from earlier lectures. Monopolies can sustain above-average profitability over the long term. MC = MR maximizes profits, as it does for all businesses.
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if the government auctions pollution permits, then firms with the highest marginal cost of pollution abatement will multiple choice question.
If the government auctions off pollution permits, then generally speaking firms with the highest marginal cost of pollution abatement will purchase the most permits
The difference in total production costs caused by creating or producing one extra unit is known as the marginal cost. Divide the variation in production costs by the variation in quantity to determine marginal cost.
Manufacturers frequently use the economics and managerial accounting concept of marginal cost to determine the ideal production level. Manufacturers frequently consider the cost of increasing their production volumes by one unit.
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A local school administrator observes an increase in the number of flu cases in the public schools over the last two years. She is concerned that some families cannot afford flu vaccine and are therefore not having children vaccinated. She is also concerned that the failure to vaccinate some children is putting other children at risk, so she proposes that the state subsidize vaccines to increase coverage rates. a. Determine whether the failure to vaccinate some children is an external benefit or an external cost. If an external cost is present, move point A and point B to show the marginal social cost curve. If an external benefit is present, move point A and point B to show the marginal social benefit curve. Place point C at the equilibrium outcome. Place point D at the socially optimal outcome. Measle vaccines Supply (marginal private col) Price Demand (marginal private benelit) Quantity b. From an efficiency perspective, subsidizing vaccines make sense because without the subsidy, the equilibrium quantity is the socially optimal quantity. The school nurse suggests publishing a list of which kids did not get a flu vaccine, in the hope that public shaming will lead people to vaccinate their children. c. The school nurse is hoping that social norms will act like a and lead the market to a outcome. d. What flaws might the school nurse's suggestion have? Select all that apply. Parents with immunocompromised children will know which students are not vaccinated and can take precautions to keep their kids safer by knowing if a student in their child's class is a potential carrier. People that feel passionate about not vaccinating are typically doing so for medical or religious reasons and will not sway to social norms or peer pressure. The school would potentially face a lawsuit because sharing protected health information (PHI), like immunization records, without parents' consent could be a violation depending on regulations of the state.
In neoclassical economics, the social cost is the total of the transaction's private costs plus the costs imposed on consumers as a result of being exposed to the process for which they are not rewarded or taxed.
In other words, it is the total of internal and external expenses.
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define geodemographic segmentation. identify several types of firms that might employ this type of market segmentation, and explain why.
Geodemographic market segmentation is a sort of market segmentation that groups people based on lifestyle and demographics by zip codes or neighborhood units. It creates a foundation for micromarketing. This type of segmentation is used by financial services to offer financial goods to customers in various income groups.
In addition to providing many of the same advantages as demographic, psychographic, or behavioral segmentation, geographic segmentation is also simpler and less expensive to implement.
Based on demographic and lifestyle data, geodemographic segmentation groups people by zip codes or neighborhood units. Marketing professionals can use geodemographic segmentation to conduct micromarketing.
The rest of the question may receive a variety of responses from students. For instance, providers of financial and healthcare services may seek to employ geodemographic segmentation. For instance, an area with a high concentration of senior folks living on fixed incomes would require specific health care services. Another made up of well-off professionals could be a suitable market for specific financial services.
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What is the most important trait for being a successful entrepreneur?.
The most important trait for being a successful entrepreneur will be self-discipline.
Ego the most important characteristic of an entrepreneur. You must complete the assignment even if you do not feel like it. If you hold a day job, you may have to work long hours. As you begin your new business, you will need to be self-motivated to get up really early and sleep late.
Leaders typically enjoy difficulties and will work relentlessly to overcome problems that arise. They often excel at helping management teams evolve with them by encouraging them toward future initiatives and possibilities, and they adjust well to shifting situations without unravelling.
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