A fixed exchange rate, also known as a pegged exchange rate, is a form of exchange rate regime in which a monetary authority fixes or pegs the value of one currency against the value of some other currency, a basket of currencies, or another measure of worth, such as gold.
What is the fixed exchange rate?A fixed exchange rate is a system used by a central bank or a government that links the value of the nation's official currency to the currency of another nation or the price of gold. The goal of the fixed exchange rate system is to maintain a currency's value within a specific range.
A fixed exchange rate promotes the efficient transfer of funds from one nation to another. It facilitates the attraction of foreign investment to smaller and less developed nations. Additionally, it aids the smaller nations in preventing currency depreciation and maintaining steady inflation.
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Wolfgang Kitchens has always used the FIFO inventory costing method for both financial reporting and tax purposes. At the beginning of 2024, Wolfgang decided to change to the LIFO method. Net income in 2024 was correctly stated as $90 million. If the company had used LIFO in 2023, its cost of goods sold would have been higher by $7 million that year. Company accountants are able to determine that the cumulative net income for all years prior to 2023 would have been lower by $23 million if LIFO had been used all along, but have insufficient information to determine specific effects of using LIFO in 2022. Last year, Wolfgang reported the following net income amounts in its comparative income statements:
If Wolfgang Kitchens has always used the FIFO inventory costing method for both financial reporting and tax purposes. the journal entry at the beginning of 2024to record the change in accounting principle is: Debit, Retained earnings $30 million, Credit Inventory $30 million.
How to prepare the journal entry?If cost of goods sold increase by $7 million that year in which the cumulative net income for all years have been lower by the amount of $23 million , The appropriate journal entry to record the transaction is :
Wolfgang Kitchens Journal entry
Debit Retained earnings $30 million
Credit Inventory $30 million
($23 million + $7 million)
( To record the change in accounting principle)
Therefore the journal entry is Debit Retained earnings $30 million, Credit Inventory $30 million.
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The complete question is:
Wolfgang Kitchens has always used the FIFO inventory costing method for both financial reporting and tax purposes. At the beginning of 2024, Wolfgang decided to change to the LIFO method. Net income in 2024 was correctly stated as $90 million. If the company had used LIFO in 2023, its cost of goods sold would have been higher by $7 million that year. Company accountants are able to determine that the cumulative net income for all years prior to 2023 would have been lower by $23 million if LIFO had been used all along, but have insufficient information to determine specific effects of using LIFO in 2022. Last year, Wolfgang reported the following net income amounts in its comparative income statements:
($ in millions) 2021 2022 2023
Net income $90 $92 $94
Prepare the journal entry at the beginning of 2024to record the change in accounting principle. (Ignore income taxes.)
Draw an organization chart of an organization with which you’re familiar (where you work, a student organization to which you belong, your college or university, etc.). Be very careful in showing the departments (or groups) and especially be careful to get the chain of command correct.
By using an University as a reference, the Organization chart of the institution will highlight the top hierarchy to the bottom hierarchy of the institution's staff. An example is attached as picture.
What is an Organization chart?An organizational chart refers to a diagram or model that conveys an institution's internal structure by detailing the roles, responsibilities, and relationships between individuals within an entity. It is one of the way of visualizing a bureaucracy.
Its graphically represents the organization's structure, highlights different jobs, departments, and responsibilities that connect the company's employees to each other and to the management team.
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nicole agrees with naomi to sell nicole's sports utility vehicle to naomi for $20,000. naomi assigns her right to buy the vehicle to oscar. oscar is
Because Nicole agrees with Maomi to sell Nicole's sports utility vehicle to Naomi for $20,000. Because Naomi assigns her right to buy the vehicle to Oscar, then, Oscar is an assignee.
What is an Assignment in Law?Basically, an assignment means a process whereby a person (the assignor) transfers rights or benefits to another (the assignee). An assignment may not however transfer a duty, burden or detriment without the express agreement of the assignee and the right/benefit being assigned may be a gift (such as a waiver) or it may be paid for with a contractual consideration such as money.
The rights on an assignment may be vested or contingent and may include an equitable interest. A mortgages and loans are relatively straightforward and amenable to assignment. An assignor can assign rights such as a mortgage note issued by a third party borrower, and this would require the latter to make repayments to the assignee.
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The population of a country in 2021 was 50.000 people out of this number. 10% were disabled. 15% were children 5% were aged, the remaining were within the ages of 18 years and 60 years of which 30% are unemployed. Based on the information above Calculate. (1) The labour force of the country cilj Disabled population (ii) Mumber of children in the country (IV) Population of the aged (V) The number of people working.
35000 is the labour force of the country, The number of people working=24500, 7500 is Number of children in the country, 2500 are aged in the country.
What is a Labour force?Every member of a specific group or nation who is able to work is collectively know as labour force of that company.
Given:
total population 50.000 people
10% were disabled.
15% were children
5% were aged,
the remaining were within the ages of 18 years and 60 years of which 30% are unemployed.
To find
1. The labour force of the country
Labour force= employed + unemployed
30%-100%=70% population comprises employed +unemployed
so 70%of 50000=35000
Hence,35000 is the labour force of the country
now
2. Number of children in the country
of total 15% were children
so,15% of 50000=7500
7500 is Number of children in the country.
3.The number of people working.
70% population comprises employed +unemployed of which 30% are unemployed i.e. 30% of 35000 are unemployed
hence 30% of 35000=10500are unemployed
so, The number of people working =35000-10500
The number of people working=24500
4.Population of the aged
5% were aged
that means 5% of 50000=2500 are aged in the country.
Hence, 35000 is the labour force of the country, The number of people working=24500, 7500 is Number of children in the country, 2500 are aged in the country.
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Suppose a stock market crash makes people feel poorer. This decrease in wealth would induce people to a. increase consumption, which shifts aggregate demand right. b. increase consumption, which shifts aggregate supply right. c. decrease consumption, which shifts aggregate supply left. d. decrease consumption, which shifts aggregate demand left.
If the stock market was to crash and make people feel poorer then the decrease in wealth might lead people to d. decrease consumption, which shifts aggregate demand left.
What happens to demand when there is a stock market crash?If there is a stock market crash, then people will lose money. This was seen with the Stock Market Crash in the 1920s and the Black Friday incident in the late 1900s. Because people have lost money, they might feel poorer because the other money they have would need to be used to take care of the other needs and wants they have. Which means that they will have to reduce their spending.
A reduction in spending means that people would most likely reduce their consumption. The effect that this would have on the Aggregate Demand curve is to shift it to the left which is what happens when there is a fall in aggregate demand.
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in what way does the ordinalist approach to study consumer behaviour represents an improvement over the cardinalist approach
utility wherein the satisfaction derived by the consumers from the consumption of good or service can be expressed numerically.
A water footprint indicates the quantity of water use when it comes to consumption by way of people.[1] The water footprint of an person, community, or commercial enterprise is defined as the whole quantity of clean water used to provide the products and services fed on by the man or woman or network or produced by the enterprise. Water use is measured in water quantity ate up (evaporated) and/or polluted in step with unit of time. A water footprint may be calculated for any properly-described organization of clients (e.g., an person, own family, village, city, province, state, or kingdom) or manufacturers (e.g., a public enterprise, non-public company, or financial zone), for a single system (along with developing rice) or for any products or services.[2]
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in which stage the attitude about the team and the project begins to shift to negative, and there is frustration around goals, tasks, and progress?
The "win-lose" stage is when factions battle for control of an organization and people start to choose sides. Goals, tasks, and progress are becoming frustrating as the attitude toward the team and the work starts to change.
What is team development?The evolution of a team goes through various "stages." Teams and team members frequently begin a project or endeavor from a place of friendliness and excitement, but once the hard work begins, the atmosphere can swiftly turn and the team dynamics can rapidly deteriorate.
Bruce Tuckman created a four-stage model in 1965 to describe the difficulties he had seen in team growth. Tuckman's Stages of Group Development was the name of the original model before he added the fifth stage, "Adjourning."
The Tuckman model's four stages are as follows:
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pencil sell for 10 cents and pens sell for 50 cents.jack buys five pens and one pencil his mrs of pencil is 3, how does jack increase his utility
Given that pencil sell for 10 cents and pens sell for 50 cents. Jack bought five pens and one pencil; his MRS of pencils for pens is 3. Jack can increase his utility by buying more pencils and fewer pens.
What is an Utility?In economics, an utility means a comprehensive benefits obtained from consuming an item or service. A typical consumers would aim to maximise their utility based on rational choice based on economic model.
What Is the Marginal Rate of Substitution (MRS)?In economics, a marginal rate of substitution refers to an amount of a good that a consumer is willing to consume compared to another good, as long as the new good is equally satisfying. It is used in indifference theory to analyze consumer behavior. When an element is indifferent to substituting one item for another, their marginal utility for substitution is zero since they neither gain nor lose any satisfaction from the trade.
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On June 15, 2021, Allen sold land held for investment to Stan for $65,000 and an installment note of $300,000 payable in five equal annual installments beginning on June 15, 2022, plus interest at 10%. Allen’s basis in the land is $255,500. What amount of gain is recognized in 2021 under the installment method?
The amount of gain that will be recognized in 2021 under the installment method, is $27, 857 . 14
How to find the gain recognized?First, find the profit margin on the land sold by Allen to Stan:
= ( Selling price of land - Allen's basis in the land) / Allen's basis in the land
= ( ( 300, 000 + 65, 000) - 255, 500) ) / 255, 500
= 109, 500 / 255, 500
= 42. 857 %
The gain to be recognized, using the installment method is:
= Profit margin x Amount paid by Allen in 2021
= 42. 857 % x $ 65, 000
= $27, 857 . 14
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Question 1
How do bad "political and economic" climates in a country affect decision making ?
People tend to be happier
People tend to be more generous
People tend to be more optimistic
people tend to be more cautious and frugal (thrifty) with their money
Question 2
During the Missile Crisis, Russia agreed to remove the missiles from Cuba, and in exchange, the US agreed to remove medium-range missiles from Turkey. This could be classified as a :
Risk
Trade-off
Expert power
generic decision making
Question 3
In the case where these is a high degree of uncertainty, using information that flows in DIfferent Directions is classified as:
Wheel Communication
Completely Connected Network
circle
political
Question 4
If there is a high level of Certainty, which strategy works best ?
Judgmental
Computational
risky shift
organizational
Question 5
The "Conjunctive Model" may be used under the following circumstances:
Where all options are considered
Where no options are considered
Where there are "Cut-Off" or limits
Where there in only one option
1. Bad "political and economic" climates in a country affect decision-making by D. people tend to be more cautious and frugal (thrifty) with their money.
2. During the Missile Crisis, Russia's agreement to remove the Cuban missiles in exchange for the US removing medium-range missiles from Turkey was a B. Trade-off.
3. When there is a high degree of uncertainty, using information that flows in different directions is classified as A. Wheel Communication.
4. When there is a high level of certainty, the best strategy is A. Judgmental.
5. The "Conjunctive Model" may be used under circumstances A. where all options are considered.
What is the trade-off?The trade-off refers to an exchange of values or positions when agreements must be reached in a state of uncertainty or scarcity of choices.
Trade-offs involve using the compromise strategy to ensure that each party to a conflict receives some value in exchange for other lost opportunities.
Thus, during the Cuban Missile Crisis, the Soviet Union and the US engaged in a trade-off.
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You should research the ______________ of a career to learn about its long-term growth and stability.
A. workplace culture
B. job outlook
C. average salary
If you're interested in a career's long-term growth and stability, you should investigate what the average wage is. Thus, option (C) is correct.
What is the investigation?A detective's job is to conduct investigations. Private investigators conduct investigations. A criminal investigation is the study of facts used to track down an alleged criminal and establish his or her guilt. The division of the British Police responsible for criminal investigations is where plainclothes detectives work.
The average pay, on the other hand, is calculated by dividing the total number of salaries by the total number of salaries. For illustration, let's take a look at three employees with wages of $20,000, $30,000, and $50,000 each. Currently, the average pay is 33,333 and the median wage is 30,000.
Therefore, Thus, option (C) is correct.
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Which aggregate function returns a count of all non-null values returned by a value expression? count(Value) count(*) MAX (Value Expression) SUM(Value Expression)
The aggregate function that returns a count of all non-null values returned by a value expression is A. count(Value)
Which of the following is an aggregate function?An aggregate function, also known as an aggregation function, is a database management function that groups the values of multiple rows together to form a single summary value.
An aggregate function computes on a set of values and returns a single value. Except for COUNT(*), aggregate functions do not take into account null values. Aggregate functions are frequently used in conjunction with the SELECT statement's GROUP BY clause.
The function count(expression) can be used to return the number of non- null values returned by the expression.
COUNT() returns the total number of rows in the result set. SELECT COUNT(*) FROM Customers; Run Code, for example. The SQL command in this case counts rows and returns the total number of rows in the Customers table.
In conclusion, based on the information illustrated, the correct option is A.
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Which of the following statements about American public opinion is most accurate?
a. A majority of Americans regularly say they would prefer a larger government with more services, but polls also reveal very little support for increasing spending on any specific government program.
b. A majority of Americans regularly say they would prefer a smaller government with fewer services, but polls also reveal very little support for cutting any specific government programs.
c. A majority of Americans regularly say they would prefer a smaller government with fewer services, and polls also reveal strong support for cutting nearly every government program.
d. A majority of Americans regularly say they would prefer a larger government with more services, and polls also reveal strong support for increasing spending on nearly every government program
An accurate statement on American Public Opinion is d. A majority of Americans regularly say they would prefer a larger government with more services, and polls also reveal strong support for increasing spending on nearly every government program.
How do Americans view a larger government?Polls have shown that the American people generally believe that the government should be larger and offer more services to the people.
As a result, most polls also show that Americans in their majority, strongly support increasing spending on government programs in order to be able to offer these increased services.
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The first step during a salary negotiation includes which of the following three moves: (Select all that apply)
Appreciate the current offer
Offer up a concession
Use a "Source of leverage"
Ask for what you want
The first step during a salary negotiation, which includes three moves is appreciate the current offer. The Option A is correct.
What is a salary negotiation about?Basically, a salary negotiation means the process where one party negotiates the amount of their pay, income, earnings, commission, salary, wages, wage remuneration, annual review or a salary raise with another party.
A salary negotiations often begin with an offer from a prospective employer. Typically, if the job candidate is going to negotiate for a salary, they should submit a negotiation between 24-72 hours after receiving an offer and should negotiate with only one representative from the company to eliminate confusion and mixed message.
The three main moves of a salary negotiation includes as follows: appreciate the current offer, ask for what you want and offer up a concession.
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Which of the following is an example of dysfunctional behavior? a. Cognitive dissonance b. Organizational citizenship c. Agreeableness 0 ООО d. Harassment e. Extraversion
The answer choice that is an example of dysfunctional behavior from the list of available answer choices is D. Harassment
What is Dysfunctional Behavior?This refers to the term that is used to describe and define the impairment, disturbance in any human's actions or activities that affects the way he relates with people
Hence, it can be seen that from the answer choices given, a clear example of dysfunctional behavior is harassment because this has to do with persistent aggressive behavior towards a person.
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A popular brand of pen is available in 10 colors and 3 writing tips. How many different choices of pens do you have with this brand?
The choices of pen that you are going to have based on the brand would be 30 pen.
How to solve for the choice of penWe have the brand of pen that is available to be 10 colors.
The writing tips that are available is said to be given as 3.
In order to get the total, we would have to carry out a multiplication.
That is, we would have to multiply the brand by the number of writing tips
Hence we would have 10 colors * 3 writing tips.
= 30 choices.
Therefore we would say that the choices of pen that we would get after multiplying is 30 pen.
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rather than carrying 15 brands of laundry detergent, ________ offer one or two brands and sizes, one of which is a store brand.
Limited-assortment supermarkets only carry one or two brands and quantities of laundry detergent, one of which is a store brand, as opposed to carrying 15 different brands. Hence, Option E is correct.
What is a supermarket?A supermarket is a self-service store that has many categories of food, drinks, and household goods.
Compared to earlier grocery stores, this type of store is bigger and offers a wider variety of products, but it is smaller and offers a smaller assortment of goods than a hypermarket or big-box market.
Therefore, Option E is correct.
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The complete question has been attached in text form:
Rather than carrying 15 brands of laundry detergent, ________ offer one or two brands and sizes, one of which is a store brand.
extreme-value retailers
category specialists
off-price retailers
department stores
limited-assortment supermarkets
if cheri buys a zero coupon bond at $5000 and the face value amount is stated as $10,000, how much will she receive when the bond matures in 10 years?
When Cheri buys a zero coupon bond at $5000 and the face value amount is stated as $10,000, the amount she'll receive when the bond matures in 10 years is $10000.
What if the face value?The face value of a bond refers to how much it will be worth when it matures. In other words, it is the value that the bondholder will receive when their investment matures (assuming the issuer does not call or default on the bond).
The primary distinction between a bond's face value and its price is that the face value is fixed, whereas the price varies. Whatever amount is set for face value remains constant until the bond matures. When the bond matures, the bond holder will receive the face value of the bond.
As a result, when she reaches maturity, she will receive $10,000.
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A new company wants to offer a line queuing service where customers book someone to wait in line on their behalf through a smart phone app. What concept is represented by the possibility that no one wants to pay someone else to wait in line ? Multiple Choice Operting Risk Financial Risk Financial Leverage Operating leverage none of the above
The concept that is represented by the possibility that no one wants to pay someone else to wait in line is: A. Operating risk.
What is operating risk?Operating risk can be defined as those risk that a company encounter during the course of the day to day business operation.
This scenario illustrate operating risk based on the fact people does not want to risk their money by paying someone else to stand on the queue for them in which at the end of the day the person may disappoint them by failing to carryout the tasks he was paid for.
Therefore the correct option is A
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in completing form fda 1572, statement of investigator, the investigator agrees to
Based on the rules and regulations of the FDA, in completing form FDA 1572, the statement of the investigator, the investigator agrees to follow the U.S. Food and Drug Administration (FDA) Code of Federal Regulations for the clinical trial.
What is Form FDA 1572The form FDA 1572 is a type of form that must be filed by an investigator that wants to have a clinical trial to research a new drug or agent.
Usually, Form FDA 1572 ensures that the investigator agrees to follow the U.S. Food and Drug Administration (FDA) Code of Federal Regulations for the clinical trial.
This implies that the investigator has agreed to conduct or supervise the investigation personally.
With the signing of the investigator, this ascertains that he or she has the knowledge and background required to perform the trial and that it will be done in a way that is ethical and scientifically sound.
Hence, in this case, it is concluded that the correct answer is investigator agrees to follow the U.S. Food and Drug Administration (FDA) Code of Federal Regulations for the clinical trial.
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what accounting statement lists the overall financial condition of an organization?
The accounting statement that lists the overall financial condition of an organization is balance sheet.
What is balance sheet?
Balance sheet can be defined as the statement that help to show the financial position of a company.
Balance sheet help to show a company assets, their liabilities as well as their shareholder equity as this will enable the company to know their financial position. This financial statement is essential for every companies or organization as it help them to evaluate their finances at a specific period of time.
When preparing a company balance sheet both the assets side and liabilities side of the balance sheet must equal or balance.
Therefore we can conclude that balance sheet help to show a company finances.
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According to money measurement concept, which of the following will NOT E the books of accounts? a. search O b. Commission payable to a salesman. O c. Quality of the products O d. a and b Extra profits arising out of revaluation of assets O e. All the above Check
Answer: Commission payable to the salesman
Explanation: According to the money measurement concept, the commission payable to the salesman will be recorded in the books of accounts.
Quality control in business, extra profits made due to the introduction of a budgetary control system are qualitative in nature and cannot be recorded, as according to the money measurement concept, only those transactions which can be measured in terms of money are recorded in the books of accounts.
Which of the following occurs when investment is crowded out by government spending? a) interest rates fall b) the amount of borrowing by the government falls c) the amount of government debt rises d) consumption increases
The thing that occurs when investment is crowded out by government spending is d) consumption increases.
What happens when investment is crowded out by government spending?Whenever the investment is crowded out by government spending then it implies that the way that the the country will engage in the consuption activities will increases.
It should be noted that the once the consuption is on the rise there wiull no be a room for investmen t which is not good enough for the economy of the country, because investment is a brilliant way to save money.
Therefore, the option D is correct.
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The percentage share of the company
that owners give to the investors in
exchange for their investment is called:
The percentage share of the company that owners give to the investors in exchange for their investment is called an IPO.
The procedure through which a private firm might become public by selling its equity to the general public is known as an initial public offering. It could be a brand-new, youthful business or an established one that decides to list on a market and subsequently goes public. It benefits both the public and the company.
An initial public offering (IPO) refers to the transfer of a portion of the company's ownership to investors in exchange for their investment.
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What are the constituents of Metropolitan Opera? How are they affected by simulcasts?
The Metropolitan Opera is North America's biggest classical music institution. From late September until May, it staged around 27 different operas year until 2019.
What is Metropolitan Opera?It is North America's biggest classical music institution. From late September until May, it staged around 27 different operas year until 2019.
Up to seven performances of four different operas are staged per week as part of the operas' rotating repertory calendar.
Monday through Saturday, performances take place in the evening, with a matinée on Saturday. Each season, fresh performances of several operas are performed. These are occasionally shared or borrowed by other opera companies. Operas from past seasons are presented for the remainder of the year. There were 227 performances of 25 operas during the 2015–16 season.
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Which of the following is NOT true about capital budgeting? a. It involves identifying projects that will add to a firm's value. b. It involves investing large capital. c. It allows a firm to reverse the decision of large capital investments at any time. d. It allows a firm's management to analyze potential business opportunities and decide on which ones to undertake.
The following is NOT true about capital budgeting It allows a firm to reverse the decision of large capital investments at any time. Thus the correct option is C.
What is capital budgeting?When a company wants to assess potential big projects or investments, they use capital budgeting. The creation of accountability and measurability makes it significant for business.
When creating a capital budget, projects that will increase a company's worth are considered. It entails spending a lot of money. It enables the management of a company to assess possible business prospects and choose which ones to execute.
Therefore, option C is appropriate.
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if the buyer is borrowing money from the seller to buy the house, how is this loan shown on the worksheet?
A buyer's loan borrowing money from the seller to buy the house, the loan can be shown on the worksheet as a debit to the seller and a credit to the buyer.
How to create a loan amortization schedule?You can choose the software of your choice to create a loan amortization spreadsheet in an organized and safe way, where dates, credits, debits and extra payments will be configured, for example.
By creating a loan spreadsheet, you have greater control over the accounts, dates and the entire payment schedule, helping to better understand the situation in which the loan amortization is found.
Therefore, in a loan situation, it is the buyer's responsibility to meet all their payment obligations on time and in the correct amount, as failure to do so can incur high interest rates and even legal notice.
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21.In order to determine the coefficient of correlation between two sets of observations X and Y with 5 observations each, the following calculations were made: ΣΧ; = 40 , ΣΥ; = 45, ΣΥ1² =495,summasion of X1²=440 ,summasion of of X1Y1=420
on subsequent verification, it was discovered that the pair (X= 6,Y= 7) had wrongly been taken as (16,17)when working out the above values. Determine the correct value of the coefficient of correlatic Determine the equation of the regression line of Y on X. Assuming the same linear trend, determine the best estimate of Y which corresponds to x=14
2762.31 is the correct value of the coefficient of correlation when It was discovered that the pair (X= 6,Y= 7) had wrongly been taken as (16,17) when working out the above values.
What is Correlation?Any statistical relationship, whether causal or not, between two random variables or bivariate data is correlation or dependence.
Given data is:
The initial values are:
ΣΧ; = 40
ΣΥ; = 45
ΣΥ1² =495
ΣX1²=440
Σ X1Y1=420
It was discovered that the pair (X= 6,Y= 7) had wrongly been taken as (16,17) when working out the above values.
Now after correction
ΣΧ; = 40-16+6=30
ΣΧ; = 30
ΣΥ; = 45-17+7=35
ΣΥ; = 35
ΣΥ1² =495-17^2+7^2=255
ΣX1²=440 -16^2+6^2=220
Σ X1Y1=420-16*17+6*7=190
Now for the correct value of the coefficient of correlation
[tex]\frac{n∑xy−(∑x)(∑y)}{[n∑x 2 −(∑x) 2 ][n∑y 2 −(∑y) 2 ]}[/tex]
r=5*190-30*35/√[5*220-30^2][5*255-35^2]
r=-2762.31
Hence, 2762.31 is the correct value of the coefficient of correlation.
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Which of the following is an example of structural unemployment? O A. 0 B. Autoworkers lose jobs due to globalization and must retrain to find new jobs. In an economic downturn, a manufacturing plant reduces production and temporarily lays off workers. A student graduates from college and searches for a first job. Workers in the tourism industry in Maine are laid off during the winter. C. 0 D.
Globalization causes autoworkers to lose their jobs, and they must retrain to find new ones. An illustration of structural unemployment would be this. As a result, choice (A) is the appropriate approach.
What is structural unemployment?When the abilities that people in the economy can supply do not match the skills that companies are looking for in employees, structural unemployment results (also known as the skills gap). Technological advancements that render many workers' job abilities obsolete frequently cause structural unemployment.
The problem of structural unemployment can take a long time to resolve because it calls for either migration or retraining.
Hence, option (A) is accurate.
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adam smith’s demand-side economics is the idea that an economy with less government restriction serves people best for allowing free allocation of resources.
a. true
b. false
The statement adam smith’s demand-side economics is the idea that an economy with less government restriction serves people best for allowing free allocation of resources is false.
Who is adam smith’s?Adam smith’s was the person who created the adam smith’s demand in which he stated that relationship between the supply and demand and how both of supply and demand work in hand in hand
He stated that the demand for goods and service depend on people who are ready and willing to buy the goods or willing to pay for the goods.
Therefore the statement is false.
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