It is inefficient as its production is not at the minimum of its average cost curve.
In what ways is a monopolistically competitive firm inefficient?
Because it does not produce at the minimum of its average cost curve or where P = MC, a monopolistically competitive firm is inefficient. As a result, a monopolistically competitive firm would typically produce less at a higher cost and charge more than a perfectly competitive firm.
Is monopolistic competition more efficient than monopoly?
The market is less productively and allocatively efficient than a monopoly, but more so than the ideal competition. However, they might also be dynamically inventive in terms of new products or production methods.
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List the environmental forces from the least to the most difficult to analyze based on the accessibility and subjectivity of the data.
Environmental forces from the least to the most difficult to analyze based on the accessibility and subjectivity of the data are:
Basic needs potential, financial and economic forces, political and legal forces, cultural forces, competitive forces.
First Screening is done of basic needs potential : The basic need potential of some goods is influenced by various physical forces, such as climate, topography and natural resources.
Second Screening is done of financial and economic forces : After the initial screening a second screening is based on financial and economic forces.
Third Screening is done of political and legal forces: The elements of political screening are the barriers to entry-import/export barrier etc.
Fourth Screening is done of cultural forces. Screening of the remaining candidates based on cultural factors is next and is a difficult process.
Fifth Screening is done of competitive Forces: In this screening, markets on the basis of competitive forces are examined such as the number, financial strength and size of the competitors
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What would happen in the market for loanable funds if the government were to decrease the tax on interest income for savers group of answer choices?
If the government were to decrease the tax on interest income there would be a rightward shift in the supply of loanable funds and an increase in investment.
Loanable funds are the total amount of money that individuals and organizations in an economy have chosen to set aside and lend to borrowers as an investment rather than use for their own needs. It is predicated on borrowing that loanable funds are in demand. The real interest rate and the number of loans made depend on how the supply of savings and the demand for loans interact.
The tax credit will motivate companies to invest more in brand-new facilities and equipment. The demand curve in the market for loanable funds will move to the right due to the demand for borrowing needed to pay for this additional capital investment. The equilibrium interest rate will rise as a result.
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The text suggests that both employers and job applicants struggle with the hiring process because:____
The text suggests that both employers and job applicants struggle with the hiring process because: the hiring procedure used by an employer frequently differs from the hiring process used by applicants.
Hiring process :
Personality tests are becoming an increasingly common requirement for job applicants. Employers frequently use industrial/organizational psychologists, who study behavior in the workplace, to assist in choosing personality tests to aid in staff selection because there are numerous personality tests available and each assesses something different. Industrial/organizational psychologists may decide to have candidates take the Myers-Briggs test, which assesses personality qualities important for leadership and teamwork, depending on the specific demands of an enterprise. Alternately, they could administer the Minnesota Multiphasic Personality Inventory, which gauges a person's propensity for psychopathology and substance misuse. Various other traits, including mental processes, sociability, motivation, self-awareness, emotional intelligence, stress management, dependability, and work style are examined by other personality tests. Some professionals think personality tests are used and interpreted excessively.
Others contend that personality assessments are crucial to the recruiting process because they can determine how well a candidate "fits" the job description. When recruiting a salesperson, for instance, a corporation may compile a list of the personality qualities of effective salespeople and compare test results of applicants to that benchmark. Many businesses that have employed personality tests have seen a decline in turnover and absenteeism, which translates into significant financial benefits for the business. Other businesses have seen improvements in consumer and employee satisfaction, as well as declines in theft and absenteeism. Nowadays, personality assessments are utilized in the hiring process to reduce the number of candidates to interview.
Employers must swiftly go through a deluge of applications due to the popularity of online job ads, and personality tests provide a quick way for them to focus on candidates who might be a good "match." How should you answer test questions, then, to ensure that you land the job? Although the best answers differ depending on the job and the firm, experts advise against lying on personality tests because they often have sophisticated systems in place to detect deception. According to management expert Luis Valdes, "There is an ideal level for each given character quality, like independence. Most individuals aren't so extreme, so if someone looks to be, it shows they've tried to address all the issues.
Different personality assessments gauge the various actions of job applicants. In order to aid in hiring new employees, industrial or organizational psychologists can advise on the best personality tests to use. Most industrial or organizational psychologists use the Myers-Briggs test for the hiring process out of all the available personality tests.The leadership and teamwork-related personality qualities are assessed using the Myers-Briggs test. The Minnesota Multiphasic Personality Inventory, which assesses applicants' propensity for substance addiction and psychopathology, is one of the additional personality tests that are frequently used in the hiring process.In addition to the aforementioned roles, personality tests also assess traits including reliability, friendliness, mental process, self-awareness, motivation, emotional intelligence, and work style.Although these exams are overused and overinterpreted, it is nevertheless thought that they are crucial for the employment process.Because objective personality tests can forecast how well a job candidate fits the relevant job profile, employers utilize both interviews and them when determining who to hire. Once a candidate passes a series of personality assessments, it is determined whether or not they are a good fit for the position.A personality test compared to a standard also reduces attrition, theft, and absenteeism while increasing employee satisfaction, customer loyalty, and financial savings for the business. Setting up a set standard for personality tests also reduces the pool of candidates for interviews, improving the interviewing process's quality and resulting in the best candidate being chosen.Learn more about hiring process here brainly.com/question/16144730
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Richard is consuming x and y so that he is spending his entire income and mux/px = 6 and muy/py = 10. to maximize utility, he should:_____.
Richard is consuming x and y so that he is spending his entire income and mux/px = 6 and muy/py = 10. to maximize utility, he should consume the same amount of X and Y since he is already maximizing utility.
When consumers maximize utility they are equating the ratio of total utility to price across all goods consumed?
When consumers maximize utility, they are comparing the cost of all the items they consume to the marginal utility. A negative total utility follows from a negative marginal utility. Total utility is at its lowest point when marginal utility is zero. Even though the marginal utility is negative, the total utility might still be positive.
What is the rule for maximizing utility?
Spending money on the item that offers the highest marginal utility per dollar of spending is the best way for consumers to optimize their overall utility for every dollar they spend.
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The conflict between owners employees suppliers and customers of a company is known as?
The conflict between owners employees suppliers and customers of a company is known as conflict of interests.
How do you resolve conflict of interest in the workplace?Every organization should strive to create an ethical and trusting culture by setting the right tone at the top. The tone at the top should include clear messaging on how to manage a conflict of interest, making everyone in your organization aware of this type of corruption.
Communicate with the other person.Concentrate on behavior and events rather than people.Pay close attention.Determine areas of agreement and disagreement.Determine the areas of contention.Create a strategy for resolving each conflict.Stick to your game plan.Expand on your success.To learn more about conflict of interest from the given link
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The better-off test for evaluating whether a particular diversification move is likely to generate added value for shareholders involves assessing whether the move will:______.
The better-off test for evaluating whether a particular diversification move is likely to generate added value for shareholders involves assessing whether the move will make the company better off because it will produce a greater number of core competencies. This is further explained below.
What are shareholders?Generally, A person, company, or institution that owns shares in a company's stock is considered to be a shareholder in that company. A shareholder in a firm might own as little as one of the company's shares. Shareholders are considered residual claimants on a company's earnings, and as such, they may be entitled to capital gains (or losses) and/or dividend payments.
In conclusion, Assessing whether a specific diversification move is likely to create more value for shareholders requires determining whether or not the move will make the firm better off since it will develop a higher number of core competencies. This is known as the better-off test.
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A company can increase its growth rate by taking goods or services developed at home and selling them internationally. the returns from such a strategy are likely to be greater if?
A company can increase its growth rate by taking goods or services developed at home and selling them internationally. the returns from such a strategy are likely to be greater if competitors in the nations where a company enters lack comparable products.
What is Growth rate?Growth rates are the percentage changes in a given variable over a certain period of time. Growth rates are often calculated as the compounded yearly rate of growth of a company's revenues, earnings, dividends, or even macro terms like gross domestic product (GDP) and retail sales for investors.What kind of growth rate is that?A growth rate that is negative indicates a decline in value. For instance, there were 11.9 million fewer manufacturing employment in the US in 2012 than there were in 2002, a -22.2 percent growth rate. A quantity's growth rate over a single year is called an annual growth rate.Learn more about growth rate here:
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According to the keynesian consumption function, an increase in disposable income will result in?
According to the keynesian consumption function, an increase in disposable income will result "an increase in consumption".
What is keynesian consumption function/consumption function?The consumption function, often known as the Keynesian consumption function, is now a mathematical expression expressing the functional connection between total expenditure and gross domestic product.
Some characteristics of keynesian consumption function are-
John Maynard Keynes, a British economist, introduced it and said it could be used to monitor and foresee total aggregate consumption spending.According to the traditional consumption function, changes in income and consumer spending are entirely correlated. If this were the case, aggregate savings ought to rise proportionately as the GDP does over time. The goal is to establish a mathematical link between consumer spending and disposable income, but only at the aggregate level.One of the pillars for Keynesian macroeconomic theory is the consistency of either the consumption function, which is based in part upon Keynes' Psychological Law to Consuming and is particularly striking when compared to the volatility of investment. The majority of post-Keynesians acknowledge that because spending patterns vary as income increases, so consumption function is just not long-term stable.To know more about consumption function, here
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At the beginning of 2006, the rate of energy consumption for the city of denver was 7000 megawatts. the rate was expected to increase at an annual growth rate of 2% per year. the function that gives the rate of energy consumption for all times after the beginning of 2006 is P(????) = 7000???? 0.0198???? .
$5000 energy was consumed during the year
What is energy ?Energy is a quantitative property that is transferred to a body or a physical system and is visible in the performance of work as well as in the appearance of heat and light. The law of conservation of energy holds that energy can be transformed in form but cannot be created or destroyed.
The joule is the unit of energy, the watt is the unit of power, and the second is the unit of time. We can compute the quantity of joules of electrical energy transferred to sortie other form if we know the power of a device in watts and how long it is used.
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The weak form of the emh states that ________ must be reflected in the current stock price.
The weak form of the EMH states that (A) all past information, including security price and volume data must be reflected in the current stock price.
What is EMH?The efficient market hypothesis (EMH), often known as the efficient market theory, asserts that share prices represent all information and therefore persistent alpha production is impossible.Equities, according to the EMH, always trade at their fair value on exchanges, making it impossible for investors to buy cheap stocks or sell for overpriced prices. According to the weak form of the EMH, all previous information, including security price and volume data, must be represented in the current stock price.As a result, outperforming the entire market through skilled stock selection or market timing should be impossible, and the only way an investor can earn larger returns is by selecting riskier stocks.Therefore, the weak form of the EMH states that (A) all past information, including security price and volume data must be reflected in the current stock price.
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The complete question is given below:
The weak form of the EMH states that ________ must be reflected in the current stock price.
A. all past information, including security price and volume data
B. all publicly available information
C. all information, including inside information
D. all costless information
Up to a third of all young black men are either incarcerated in the corrections system or on probation or parole. what most accounts for this over-representation?
The most accounts for this over-representation is National "get tough" policies on drug users.
Drugs are chemical substances that, when consumed, cause changes in the physiology or psychology of living organisms. Pharmaceuticals are generally distinguished from foods or substances that provide nutritional supplements.
Substances (other than food) are used to prevent, diagnose, treat or alleviate symptoms of disease or abnormal conditions. Drugs can also affect how the brain and other parts of the bodywork, causing changes in mood, awareness, thoughts, feelings, or behavior.
A drug is defined as a drug or addictive substance. An example of a drug is an antibiotic. An example of a drug is marijuana.
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What is the term structure of interest rates, and how is it related to the yield curve?
The term structure of interest rates refers to the link between bond yields or interest rates and different terms or maturities. The term structure of interest rates is referred to as a yield curve when it is graphed, and it is extremely important in determining the state of an economy at any one time.
Generally speaking, the term structure of interest rates is a useful indicator of expectations for future economic growth. A substantially positive normal curve is a hint that investors expect future inflation to be high and robust economic growth. Three opposing theories have garnered the most interest throughout history.
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When a dentist recommends a costly and unnecessary procedure, this is an example of?
Answer:
Veracity is the right answer.
As capital investments flow from high wage core countries to low wage periphery regions, _______________________ shifts take place in both
Cheap labor and raw materials.
Margin generally occur when there is a capacity to produce more with cheap labor and enough raw material for the production.
In comparison to the developing countries, the capital investments flow from high wage core countries to low wage periphery regions. Wage employment is far less than the daily wage earners.
Labor changes occur in both the kind of wage rate and employment. Shifts take in case both high to low and low to high variations to maintain stability both between the production procedure, employment and labor ratio . All depends on the situation of the economy in a country.
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The government controls many or most factors of production in which economic system?.
Government Controls Production in Command Economy.
What is the economic command?When the government has complete control over the economy and the means of production, the economy is referred to as a command or planned economy. In a command economy, decisions on what to create, how to make it, and how to distribute it within the economy are made by the government.In a command economy, the government has complete authority over the economy it oversees. The government regulates wages and prices. There are few property rights, important companies and industries owned by the government, and active black markets.Supply and demand factors, which determine what, how much, and at what price goods and services should be produced, are not allowed under a command economy. Instead, all economic activities are planned, coordinated, and under the direction of a single government, which discourages market competition.Government Controls Production in Command Economy.
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The other individuals present in the particular situation are referred to as the?
The other individuals present in the particular situation are referred to as the social surroundings.
Family structure is an example of a social environment. The social environment consists of the customs and traditions of the society in which the company exists. It includes the living standards, tastes, preferences, and educational levels of people living in the business community.
The social environment consists of perceptions of neighborhood, security, crime, traffic, social cohesion, social norms, car use, and so on. Neighborhood perceptions can affect both children and parents.
A well-designed social environment fosters positive peer relationships, creates positive interactions between adults and children, and provides opportunities for adults to help children achieve social goals. increase.
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Requiring employees to scan a unique badge to enter your facility is an example of:_________
Requiring employees to scan a unique badge to enter your facility is an example of facility access controls.
An employee is a person who is paid to work for an individual or company. A worker does not have to work full time to be considered an employee. You just need to be paid for the work by your employer (the person or company that pays your wages).
You should take care of your employees as much as you take care of your customers. If you trust and value your employees, they will be more committed to serving your customers well and ultimately contributing to your company in a great way.
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Purchasing a copy of a popular app for your smartphone means that you have purchased only a copyright to install and use the software.
a. True
b. False
False Purchasing a copy of a popular app for your smartphone means that you have purchased only copyright to install and use the software.
What is copyright?A copyright is a type of intellectual property that grants the owner the exclusive right to copy, distribute, adapt, display, and perform a creative work for a specific period of time. The creative work could be literary, artistic, educational, or musical in nature.
Copyright, a type of intellectual property law, protects original works of authorship such as poetry, novels, movies, songs, computer software, and architecture.
The owner sells his or her ownership rights to another party in a copyright assignment and has no control over how the third party uses those rights. A copyright assignment is also known as a copyright sales agreement.
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Suppose a bank has checkable deposits of $100,000 and the required reserve ratio is 20 percent. if the bank currently has $100,000 in reserves, it could lend out as much as:______.
Suppose a bank has check able deposits of $100,000 and the required reserve ratio is 20 percent. if the bank currently has $100,000 in reserves, it could lend out as much as $80,000.
A reserve requirement is a rule established by the central bank that specifies the minimal amount of liquid assets that a commercial bank must retain.
The central bank often determines this minimum amount, also known as the commercial bank's reserve, based on a predetermined percentage of the bank's deposit liabilities.
The reserve ratio is a typical name for this rate. Although there are many definitions, the cash held by the commercial bank and physically kept in the bank vault (vault cash) as well as the amount of the bank's balance in that bank's account with the central bank typically make up the commercial bank's reserves.
A bank is free to keep excess reserves—a.k.a. reserves—in reserve amounts above this minimal need.
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Inventory shrinkage can be determined by comparing the?
Inventory shrinkage can be determined by comparing the information from perpetual inventory system to the physical count. Beginning Inventory plus purchases minus cost of goods sold to the actual inventory balance from a physical count.
A perpetual inventory system, as opposed to a physical inventory, is a program that continuously assesses your inventory based on your electronic records. This approach starts with a physical count as a baseline and updates based on receipt of purchases and shipment of goods.
Perpetual inventory, also known as continuous inventory, in business and accounting/accountancy refers to systems of inventory where data on inventory quantity and availability is updated continuously as a function of conducting business.
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Uber’s expansion on the innovation front requires strategic planning by senior management. Once this planning has been completed, middle management would be responsible for implementing these plans through.
Once this planning has been completed, middle management would be responsible for implementing these plans through (B) tactical planning.
What is tactical planning?Tactical planning is a method that aids in the creation of short-term and distinct plans that aid in the fulfillment of a business's, organization's, or individual's long-term plans. Strategic planning assists businesses in determining and laying out a long-term plan based on corporate objectives.There are several components to tactical planning. For example, breaking down organizational goals that are longer than two or three years, and establishing a goal-oriented calendar with short-term targets, such as a target for the next three months or six months.Therefore, once this planning has been completed, middle management would be responsible for implementing these plans through (B) tactical planning.
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The complete question is given below:
Uber’s expansion on the innovation front requires strategic planning by senior management. Once this planning has been completed, middle management would be responsible for implementing these plans through
Multiple Choice:
(A) operational planning.
(B) tactical planning.
(C) operating.
(D) strategic control.
(E) action plans.
The failure to record which transaction has no effect on the quality of inventory?
Do not record transactions that do not affect inventory quality. A recorded inventory transaction has actually taken place.
Records of inventory purchases made during the accounting period. The purchase account is increased by direct debit. The manufacturing costs of the goods sold are overestimated by the same amount. An overstatement of cost of goods sold will result in an understatement of net income and retained earnings by the original margin of error.
If the auditor is dissatisfied with the accuracy of the closing balance sheet and may be materially increase.
Inventory write-downs affect both the income statement and the balance sheet. Write-offs are treated as expenses. This means your net income and tax liability will be reduced. Therefore, a decrease in net income will reduce a company's retained earnings and reduce shareholders' equity on the balance sheet.
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What are the common business problems addressed by big data analytics? in the era of big data, are we about to witness the end of data warehousing? why?
The common business problems addressed by big data analytics are as follows:
Business analytics solution fails to provide new or timely insights: The insights provided by new system are of the same level and quality as the ones one had before.
Inaccurate analytics: There is nothing worse for a business than the inaccurate analytics and this issue is always addressed as soon as possible.
Using data analytics is very complicated: If using data analytics becomes too complicated, one may find it difficult to extract value from the big data.
Long response time of system: The system takes too much time to analyze the data even the input data of the data analytics is already available, and the report is needed at this time.
Expensive maintenance : Any big data system requires ongoing investment in its maintenance and infrastructure.
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The sample you have selected for your testing is not representative of the population as a whole. this is known as__________
The sample you have selected for your testing is not representative of the population as a whole. this is known as Sampling Risk.
The risk of sampling occurs when there is a chance that the things chosen for a sample are not actually representative of the group being examined. This is a significant problem because an auditor cannot investigate the entire population because of time constraints; instead, they must rely on a sample.
One inaccuracy that might result from sampling risk is that the auditor incorrectly believes that the population has fewer issues than anticipated, which can result in a flawed audit judgment.
Or, the auditor can incorrectly assume that there are more issues than anticipated and waste time increasing the sample size to determine if this is the case.
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The ______model describes how financial difficulties are associated with parents’ depressed moods, which can cause problems with their children’s adjustment.
The Family street model describes how financial difficulties are associated with parents’ depressed moods, which can cause problems with their children’s adjustment.
The Family is a group of persons united by the ties of marriage, blood, or adoption, constituting a single household and interacting with each other. Family means having someone to love you unconditionally in spite of you and your shortcomings.
Family is the single most important influence in a child's life. From their first moments of life, children depend on parents and family to protect them and provide for their needs. Parents and family form a child's first relationships.
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What type of commerce makes up the highest percentage of electronic transactions?
a. b4c
b. b4b
c. c2c
d. b2c
e. b2b
B2B (Business to Business) type of commerce makes up the highest percentage of electronic transactions.
E Option is correct
Business-to-business, or B2B, is a method of doing commerce in which corporations transact with other businesses. It alludes to the trading of goods or services between businesses. This phrase can be used to refer to both offline and internet trade. But e-commerce is where we utilize it the most frequently.
When a business concentrates on a B2B model, it markets to other businesses. As a result, the sales process could be lengthier and more complicated than under a business-to-consumer (B2C) model. (B2B) refers to a deal or business done between two companies, like a wholesaler and a retailer.
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When drafting an expense budget, such as estimating overhead expenses, it is recommended that you use a ______________ estimate, because you do not want to underestimate expenses.
When drafting an expense budget, such as estimating overhead expenses, it is recommended that you use a liberal estimate, because you do not want to underestimate expenses.
The expense budget shows the revenue and capital payments of various departments or ministries and presents the estimates in respect of each under plan and non-plan. In this budget, expenses mostly include operating expenses, like utilities, rent, payroll, and advertising.
One should not underestimate expenses, so in that case it is recommended that to use a liberal estimate, when drafting an expense budget and when estimating an overhead expenses.
Hence, the answer is given and explained above.
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When data available to a firm is too old to be useful, what type of forecasting technique should the firm consider?
When data available to a firm is too old to be useful, the type of forecasting technique the firm should consider would be a qualitative technique.
When a firm consists of data which is too old to use, then a firm considers using qualitative forecasting technique. This forecasting technique is a method of making predictions about a company's finances which uses judgment from experts.
These predictions are made my expert employees of a company, who perform qualitative forecasting by identifying and analyzing the relationship between existing knowledge of past operations and potential future operations.
Hence, when data available to a firm is too old to be useful, the firm considers using qualitative forecasting technique.
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If bonds are issued initially at a premium and the effective-interest method of amortization is used, interest expense in the earlier years will be________.
If bonds are issued initially at a premium and the effective-interest method of amortization is used, interest expense in the earlier years will be greater than if the straight-line method were used.
Amortization of Bond Premium alludes to the amortization of abundance premium paid well beyond the presumptive worth of the Bond. Security has an expressed coupon pace of revenue and pays revenue to the security financial backers in view of such a coupon pace of interest.
It is esteemed at the current worth of premium installments and assumed worth decided in light of the market financing cost. The financial backers pay more than the presumptive worth of the securities when the expressed loan fee likewise called the coupon rate surpasses the market financing cost.
The backer needs to amortize the Bond premium over the existence of the Bond, which, thus, decreases the sum charged to intrigue cost.
Interest expense in the early years will be higher than it would be if the straight-line method were employed if bonds are first issued at a premium and the effective-interest method of amortization is adopted.
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An __________ is a lan that uses the same technologies as the internet but is open to only those inside the organization.
Answer:
Intranet is the answer of this question.
