The correct answers are (b), (c), (d) and (e) because the accounting cycle contains ten steps mainly for adjusting the financial statements.
The statements are -
The cycle includes steps to adjust and close accounts. The accounting cycle refers to the steps a company follows in preparing financial statements. The accounting cycle contains 10 steps. An accounting cycle is a series of steps repeated each reporting period.
The accounting cycle is a thorough procedure for finding, evaluating and documenting the company's accounting cases. A typical 10-step process begins when a transaction occurs and ends when it is included in the financial statements. Due to automation, the chances of mathematical errors in the accounting cycle have now slowed down.
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what is the basic function of an annuity
Annuity has its own function for finance. The existence of annuities is to make it easier for customers to make payments or receive returns from their investments. In the credit process, the annuity allows the borrower to pay installments in the same amount in each period.
Annuity is a financial system in accounting in the form of a series of fixed receipts or payments that must be made periodically within a certain period. Although annuity is a modification of the effective method of calculating interest, there are slight differences in the calculation of principal installments.
The difference is if the principal installments are calculated by dividing the loan amount and the credit tenor. Meanwhile, it is usually calculated by reducing the total installments with the results of calculating the annuity interest to determine the amount of the installments. It's not just a matter of calculating credit interest, the calculation of annuity interest can also be in terms of insurance (for example, in insurance activities, it can be seen in the context of pension benefits that are paid regularly every month).
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buyers in b2b markets may request that suppliers provide a competitive ______, which states the supplier's terms of sale to meet the buyer's purchase specifications.
Buyers in b2b markets may request that suppliers provide a competitive Vendor Analysis which states the supplier's terms of sale to meet the buyer's purchase specifications.
Vendor analysis initially establishes the strengths and limitations of each possible partner in order to identify the vendor who best fulfils their company's objectives. A supplier is a person, company, or other organization that sells goods or equipment to customers. A vendor analysis is completed whenever a company wishes to find a new vendor or evaluate the performance of one of its present vendors. As the name suggests, business-to-business marketing refers to the advertising of products and services to other businesses and companies. It differs significantly from B2C marketing, which is aimed at consumers, in a number of key ways.
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Which of the following statistics is usually regarded as the best single measure of a society's economic well-being?
a. the unemployment rate
b. the inflation rate
c. gross domestic product
d. the trade deficit
The correct option is c. Gross domestic product (GDP) is regarded as the best single measure of a society's economic well-being.
Economic wellbeing refers to a person's ability to succeed by having their most basic needs for survival addressed as well as a stable source of income and possessions. Individuals may be forced to create smaller decisions to live during and after disasters, such as pulling kids out of school to work, that will have long-term harmful impacts. economic well-being indicators include inflation, job trends, and GDP per capita. Real GDP growth by industry, actual personal income per capita by state, and the sharing of personal information income among households are examples of distribution data. The indicator most frequently used to gauge a nation's economic health is its GDP. In addition to gauging a nation's health, this number is used to compare living levels among nations.
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when the supplier determines the product amount and assortment a customer needs and automatically delivers the appropriate items, it is known as a blank inventory system. multiple choice question. consumer-response responsive vendor-managed just-in-time
It is known as a vendor managed inventory system. Option C is correct
When the supplier determines the product amount and assortment a customer needs and automatically delivers the appropriate items, it is known as a Vendor Managed inventory system.Whats a Vendor Managed inventory system ?
Vendor-managed inventory is an approach to inventory control where a provider of the product, typically the manufacturer, is in charge of making the most of the stock that a distributor has on hand. A retailer determines the order size on their own in traditional inventory management.To learn more about Vendor Managed System, click the links
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Correct Question - When the supplier determines the product amount and assortment a customer needs and automatically delivers the appropriate items, it is known as a _______ inventory system.
A) consumer-response
B) responsive
C) vendor-managed
D) just-in-time
A written contract granting permission to operate
an already existing business.
Answer:
Explanation:
A written contract granting permission to operate a business to sell products and services in a prescribed way. franchise.
a farmer sells sugar to a candy producer for $150. if the producer uses this sugar to make candy that sells for $200, what is the total contribution to gdp from these transactions?
A farmer sells sugar to a candy producer for $150. if the producer uses this sugar to make candy that sells for $200, the GDP from these transaction wil rise by 200$.
A monetary indicator of the market worth of all the final goods and services produced and sold (not resold) in a certain time period by nations is the gross domestic product (GDP). The contribution made by each industry or sector of the economy can also be calculated as a percentage of total GDP. [5] The per capita GDP of a region is determined by the GDP to total population ratio (also called the Mean Standard of Living). One who produces things or services is known as a producer. Factor inputs like as labor and capital are combined by producers to generate, or output, something new. The primary producers that economists typically refer to when discussing producers are business firms.
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Ike invests $7,660 in an account paying 7.27% simple interest annually. how much interest has ike gained after four years? a. $222.75 b. $2,227.53 c. $1,392.20 d. $13,922.05 please select the best answer from the choices provided a b c d
The interest of $2,227.53 ike had gained after four years.
The correct option is B.
In order to find the interest which Ike would gain after 4 years can be calculated by Simple interest.
Simple interest is a method for calculating the percentage of interest paid on an amount over a predetermined time period at a predetermined rate. In simple interest, the principal amount doesn't change. Simple interest is a clear-cut and simple method for figuring out how much money has earned interest.
The formula used to find this simple interest is given by,
Simple interest=P×R×T
Here P is the principal amount or invested amount. It is given as,
P= $7,660
R is the rate of interest calculated annually and is given as,
R= 7.27%
=0.0727%
T is the time period or the number of years for the investment to be made.
T= 4years
Now, put the values in the above formula. Therefore,
Simple interest=7,660×0.0727×4
=2,227.53
So, $2,227.53 would be calculated as simple interest after 4 years which is gained.
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giorgio had cost of goods sold of $9,469 million, ending inventory of $2,137 million, and average inventory of $2,013 million. its inventory turnover equals
Answer:
4.535 times
Explanation:
cost of goods sold = $9,565 million
ending inventory of = $2,233 million
average inventory = $2,109 million
Inventory Turnover = Cost of Goods Sold/Average Inventory
Inventory Turnover = $9,565 / $2,109 = 4.535 times
which of the following is an example of a capital project? a. a mid-size company restocks the supply cabinet with pencils and markers. b. a small business purchases two new pickup trucks. c. a large corporation gives all employees a 5 percent wage increase.
A small business purchases two new pickup trucks is an example of a capital project .
What Is a Capital Project ?
A long-term, capital-intensive effort to expand, enhance, or repair a capital asset is known as a capital project. The size and expense of capital projects are what distinguish them from other types of investments that require less preparation and resources.
To speed up growth within a business or government, regular capital investments, such as new facilities, buildings, or systems, may be required. For instance, if a business wishes to construct a new warehouse or buy new manufacturing equipment to improve productivity on the production line.
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Which of the following best describes attitudes toward Asian immigrants in the late nineteenth and early twentieth centuries?
a. Asian immigrants were welcomed to the United States and swiftly became financially successful.
b. Asian immigrants were disliked by whites who feared competition for jobs, and several acts of Congress sought to restrict immigration and naturalization of Asians.
c. Whites feared Asian immigrants because Japanese and Chinese Americans were often disloyal to the U.S. government.
d. Asian immigrants got along well with whites but not with Mexican Americans or African Americans.
Asian immigrants were welcomed in the United States and quickly achieved financial success, which best sums up attitudes toward them in the late nineteenth and early twentieth century.
A country in North America, the United States of America (U.S.A. or USA), also referred to as the United States (U.S. or US) or America, is a federal republic. There are 50 states in it, as well as a federal district, 326 Indian reservations, 9 Minor Outlying Islands, and 5 Major Unincorporated Territories. It ranks third in terms of both total area and land area. The United States has land boundaries with Mexico to the south and Canada to the north.
The Bahamas, Cuba, Russia, and other countries share marine borders with it. It is the third most populated nation in the world, with approximately 331 million people. Washington, D.C., is the seat of government, while New York Metropolis in United States, which is also the financial hub, is the largest city.
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jason wants to purchase a home that costs $185,000. he has enough saved to make a down payment of $40,550. is it likely that jason will have to pay pmi along with his monthly piti payment?
Jason is interested in spending $185,000 for a house. He has enough money saved to down payment $40,550 on a house. No, it is unlikely that Jason will also have to make a monthly PMI payment.
A down payment is a sum of money paid by a buyer at the beginning of the process of buying a costly commodity or service. The buyer will PMI payment frequently take out a loan to finance the balance of the purchase price as the down payment only covers a percentage of the entire cost.
Down payments for homes are a typical example of down payments. The down payment ranges from 5% to 25% of the entire cost of the house, with the remaining amount being covered by a mortgage obtained from a bank or other lending organization. Similar rules apply to down payments for PMI payment auto purchases.
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Jason is interested in spending $185,000 for a house. He has enough money saved to down payment $40,550 on a house. No, it is unlikely that Jason will also have to make a monthly PMI payment.
A down payment is a sum of money paid by a buyer at the beginning of the process of buying a costly commodity or service. The buyer will PMI payment frequently take out a loan to finance the balance of the purchase price as the down payment only covers a percentage of the entire cost.
Down payments for homes are a typical example of down payments. The down payment ranges from 5% to 25% of the entire cost of the house, with the remaining amount being covered by a mortgage obtained from a bank or other lending organization. Similar rules apply to down payments for PMI payment auto purchases.
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employment requirements such as test scores and other qualifications are legally defined as creating on minorities and women when such individuals meet or pass the requirement at a rate less than 80 percent of the rate of majority group members. a. a lack of employment at will b. confirmatory action c. a glass ceiling d. affirmative action e. adverse impact
Employment requirements such as test scores and other qualifications are legally defined as creating adverse impact on minorities and women when such individuals meet or pass the requirement at a rate less than 80 percent of the rate of majority group members. Option E
This is further explained below.
What is Employment?Generally, Employment is a relationship between two parties that governs the providing of services for compensation in exchange for labor
Typically governed by the terms of a contract, one party, the employer, who may be a company or a not-for-profit organization..
In conclusion, Employment criteria, such as test scores and other requirements, are legally defined as having a negative effect on minorities and women when they are met or passed at a rate that is less than 80% of the rate of members of the majority group. Choice E
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employment requirements such as test scores and other qualifications are legally defined as creating ______on minorities and women when such individuals meet or pass the requirement at a rate less than 80 percent of the rate of majority group members.
jeff wants to implement a framework for task redesign in his organization. what reflects the correct order of three of the nine steps he should follow?
Select a task redesign, diagnose existing jobs, do a cost-benefit analysis reflects the correct order of three of the nine steps he should follow.
The process of calculating the advantages of a choice or action, less the expenses involved in that choice or action, is known as a cost-benefit analysis.A cost-benefit analysis includes quantifiable financial measurements, such as money generated or costs avoided as a result of the project's choice.Employee morale and customer satisfaction are only two examples of intangible advantages and expenses that might be included in a cost-benefit analysis.Sensitivity analysis, cashflow discounting, and what-if scenario analysis for numerous choices may all be included in a more complicated cost-benefit analysis.All else being equal, a project that the firm decides to take on will often be advantageous if the analysis shows that there are more advantages than expenses.Learn more about Cost-benefit analysis, here
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having used both secret and dove deodorants, annette feels that secret is a good product and the one that best meets her needs. she has formed a(n) ____ about secret.
Annette here after using both secret and sure deodorants has developed an attitude about secret.
Consumer attitude is the sentiment of favorability or unfavorability that a person has toward an item. A person with a positive outlook is more likely to purchase a product, which increases the likelihood that they will either enjoy or dislike it.
Within the context of marketing, typically a brand or retail establishment, customer attitudes are a combination of a consumer's ideas about, feelings towards, and behavioural intentions toward a product. The consumer's attitude may be emotional, mental, behavioural and physical for a product of particular brand.
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nichols cycles manufactures chainless bicycles. on march 31, nichols cycles had 100 bikes in inventory. the company has a policy that the ending inventory in any month must be 10% of the following month’s expected sales. nichols cycles expects to sell the following number of bikes in each of the next four months. requirement prepare a production budget for the 2nd quarter, with a column for each month and for the quarter.
It is to be noted that the production budget for the second quarter is capped at $3,501.
What is a budget?A budget is a calculating plan, generally but not necessarily financial, for a set period of time, typically one year or one month. The Second quarter budget is computed as follows:
The months of the Quarter
April May June
Budgeted Sales ($) 1,000 1,170 1,360
Add - Ending Inventory ($) 117 136 125
Total Requirements ($) 1,117 1,306 1,431
Less: Starting Inventory ($) 100 117 136
Expected Production ($) 1,017 1,189 1,295
Hence the total Expected Production for the quarter is:
1,017 + 1,189 + 1,295
= $3,501.
Note: Desired Ending Inventory is computed by deriving 10% of the following month's expected sales according to the policy given in the question. Also, note that the beginning inventory of 100 bikes is given.
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Nichols cycles manufacture chainless bicycles. on March 31, Nichols cycles had 100 bikes in inventory. The company has a policy that the ending inventory in any month must be 10% of the following month’s expected sales. Nichols cycles expect to sell the following number of bikes in each of the next four months.
April; 1,000 bikesMay; 1,170 bikesJune; 1,360 bikesJuly; 1,250 bikesRequirement prepares a production budget for the 2nd quarter, with a column for each month and for the quarter.
The spreading activation model accounts for the results of the lexical decision experiments that demonstrate priming by explaining.
The spreading activation model accounts for the results of the lexical decision experiments that demonstrate priming by explaining the more quickly making decisions with connected words.
Some studies use post-recall relevance tests to speed up binary lexical decision-making in an effort to prevent the influence of semantically-mediated priming. We have the following hypothesis: Subjects favor "words." If the aim is unrelated to the prime, it is primes and "non-words."
Subjects frequently respond to these items with "nothing to say" because interactions across mediated pairings are typically so subtle. This hides any comfort that may come from the spread of activation. This report is only utilized when neither the targeted goal of determining who distances kinship nor the test list contains any closely relevant words (such as "lion tiger").
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if the cost of carry increases, how and why does it affect the difference between the current spot price and the price of a futures contract with a maturity three months in the future?
In terms of supply and demand, arbitrageurs shorting futures contracts cause a drop in futures prices because it increases the supply of contracts available for trade.
Futures traders agree to purchase or sell a specific quantity of an asset, typically a commodity like corn, at a predetermined price for delivery at a later date. This market was created with the intention of assisting farmers and other raw material producers in negotiating a fair price for a commodity in advance with wholesale buyers.
Both parties gain. Producers may move forward with their work and obtain funding as needed for their business because they have a ready buyer. Wholesale purchasers can plan their budgets properly because they are aware of their anticipated supply costs.
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suppose peru decides to increase its production of rubies by 30. what is the opportunity cost of this decision?
Suppose Peru decides to increase its production of rubies by 30. The opportunity cost of this decision is 1 emerald.
The opportunity cost of 1 unit of production = maximum production of other good /maximum production of the good
the maximum production is denoted by the intercept of the curve on the respective axis
The opportunity cost of one ruble =8/240=1/30
The opportunity cost of 30 rubles =Opportunity cost of one ruble * 30
=(1/30)*30
=1 emerald
Opportunity costs are the potential gains that a person, investor, or company forgoes by selecting one option over another. Opportunity costs are by nature invisible, thus it is simple to miss them. Better choices may be made when a firm or individual is aware of the opportunities that can be lost by selecting one investment over another.Opportunity cost is a wholly internal expense that is only considered from a strategic standpoint; it is not accounted for in accounting profit and is not reported to external parties.Opportunity costs include things like choosing to build a new manufacturing facility in Los Angeles rather than Mexico City, forgoing an equipment update for the business, or choosing the most costly product packaging choice over less expensive ones.Learn more about Opportunity cost, here
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uncollectible accounts expense is estimated at an amount equal to 2.5 percent of net credit sales. uncollectible accounts expense is recognized by adjusting the balance in the allowance for doubtful accounts to the amount indicated in the year-end aging schedule. the balance in the allowance account at the beginning of the current year was $25,000. (consider the effect of the write-offs during the year on the balance in the allowance for doubtful accounts.) the company uses the direct write-off method of accounting for uncollectible accounts.
The direct write-off method of accounting for uncollectible accounts.
Accounts uncollectible are receivables, loans, or different money owed which have actually no risk of being paid. An account can also end up uncollectible for many reasons, inclusive of the debtor's financial ruin, an inability to find the debtor, fraud on the part of the debtor, or loss of proper documentation to show that debt exists.
The uncollectible money owed fee is the charge made to the books when a client defaults on a price. This fee can be diagnosed whilst it's far sure that a consumer will not pay.
Accounting is the method of recording economic transactions concerning an enterprise. The accounting method includes summarizing, analyzing, and reporting those transactions to oversight businesses, regulators, and tax collection entities.
A. Uncollectible accounts expense 200000 =8000000*2.5%
Allowance for doubtful accounts 200000
B. Uncollectible accounts expense 151000 =84000-(25000 - 92000)
Allowance for doubtful accounts 151000
C Uncollectible accounts expense 92000
Accounts receivable 92000
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at a manufacturing facility, entry-level accountants are paid $42,000 and entry-level mechanical engineers are paid $55,000. this shows how the relative pay varies for different jobs at the company and is an example of job .multiple choice question.discriminationstructurebenefitssecurity
The relative pay varies for different jobs at the company and is an example of a job structure.
Concerns relating to relative pay—earnings compared with the earnings of others doing an identical job or compared with one's earnings within the past—affect labor provide and productivity. Specifically, changes in pay, transparency of differential pay across workers, and also the ability to elucidate these variations appear to be necessary for the choice of what quantity to figure and the way much effort to exert on the job.
This implies, in turn, that relative pay considerations might contribute to the state and facilitate confirm the success or failure of victimization differential pay to incentivize employees. This transient summarizes a set of studies showing the impact of relative pay information, though irrelevant, on labor provide and effort.
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Inspecting records or documents (tracing) prepared by the client is the only representative audit procedure for the pcaob assertion of?
Inspecting records or documents (tracing) prepared by the client is the only representative audit procedure for the pcaob assertion of completeness.
An audit is defined as "an impartial review of financial data of any entity, whether profit-oriented or not, regardless of size or legal form, when such an examination is done with a view to expressing an opinion thereon." The results of audits give diverse stakeholders independent confirmation that the information is accurate. [3] The phrase is most usually used in reference to audits of financial data pertaining to legal entities. a claim you fervently think is accurate: I most definitely disagree with his claim that men make better drivers than women. Basic assertion, emphatic assertion, escalating assertion, and I-Language assertion are some of these.
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A mcdonald’s manager has authority over employees only when they are on the time clock. this practice reflects which features of bureaucracy?
Only when workers are clocked in does a McDonald's management have authority over them. Positions have authority; individuals do not.
In sociology and political science, authority is the rightful control that one individual or group has over others. In a civil state, power is exercised through the judicial or executive branches of government. The phrases "authority" and "power" are misused when referring to the practice of governing.
The terms "authority" and "power" refer to the political legitimacy that confers and justifies the ruler's right to execute the power of government. Accordingly, "authority" is the capacity to take decisions and the "legitimacy to take such lawful judgments and direct their execution."
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Which of the following statements is (are) correct regarding the definition of a liability?
a. A lability is a thing of value owned by the business and is increased on the left side of a T-account.
b. A liability is an asset waiting to be recelved by a business. A liability is a claim by creditors against the assets of a business.
c. A liability is a debt owed by the business.
d. A liability can be settled by transferring assets or providing products or services to others.
If interpreted in general terms, an obligation is an action that must be done by someone. Every action taken is a form of full sense of responsibility for the problems that are happening, be it legally or morally. Therefore, obligations will always be attached to human life in carrying out social activities, ranging from children to adults.
We can see this act of obligation when we are still in school, where a student has a learning obligation. Not only that, in the world of work, a task or job must be completed so as not to be scolded by the company leadership. So, never procrastinate the act of obligation because it can harm yourself or others.
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Explain the fiscal policy actions used to stimulate the economy during a recession. What is this type of fiscal policy called?.
The most frequent occasions to apply expansionary fiscal policy, which aims to stimulate the economy, are during recessions, periods of high unemployment, or other downturns in the business cycle.
It involves either increasing government expenditure, reducing taxes, or doing both.
How does expansionary fiscal policy reduce inflation?As more money is taken in taxes, there is less left over for spending, which lowers inflationary pressures. Less spending by the government would have the same effect. Less government project funding translates into less money for households to spend on products and services, among other things.
Tax rates are lowered or spending is increased as part of an expansionary fiscal policy to boost the overall demand and promote economic growth. In order to stop or lower inflation, a contractionary fiscal policy raises rates or reduces spending.
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What happens to a seasoned qm if, at the end of the final month of seasoning, the borrower is delinquent for a period of 30 days?.
First, the seasoning period is prolonged until there is no delinquency if there is one at the conclusion of the last month if there has been a delinquency of 30 days or more.
Second, the seasoning period does not apply to time spent in a temporary payment accommodation that was prolonged due to a catastrophe or pandemic-related national emergency.
PERIOD OF SEASONING
A loan must satisfy specific criteria during or at the conclusion of a seasoning period in order to be considered a Seasoned QM. The seasoning period, in general, is the 36-month period starting on the date the first monthly payment is due following consummation. In two circumstances, the seasoning phase ends later.
First, the seasoning period is prolonged until there is no delinquency if there is one at the conclusion of the last month if there has been a delinquency of 30 days or more.
Second, the seasoning period does not apply to time spent in a temporary payment accommodation that was prolonged due to a catastrophe or pandemic-related national emergency.
Additionally, any default must be resolved in accordance with the loan's original terms or by a qualifying adjustment before the seasoning period can start following the interim payment accommodation.
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Are either of Teasha's suppliers also producers? Which one(s)?
Answer: Teasha identified two suppliers, Gifts plus wholesalers and Hearts manufacturing corporation. In which Hearts manufacturing corporation is also a producer.
Which of the following aspects of packaging is especially important in international marketing?
a. labeling
b. aesthetics
c. climate considerations
d. all of the above are correct
Aspects of packaging that are especially important to international marketing are labeling, aesthetics and climate considerations.
Packaging serves the following functions: (1) attracting the buyer's attention, (2) protecting the goods inside, (3) being easy to open, (4) describing and providing information, (5) explaining the benefits of the good inside, and (6) providing information on warranties, warnings, and other consumer matters. Labeling, aesthetics, and climate considerations are all important aspects of packaging in international marketing.
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jackie martin purchased three $1,000 corporate bonds issued by starbucks. the bonds pay 2.45 percent annual interest and mature in 2026. what is the total dollar amount of interest jackie will receive for her three bonds each year
The total dollar amount of interest jackie will receive for her three bonds each year is 73.5.
What is interest?
Interest is the fee paid for having access to borrowed funds. Whereas the interest rate used it to calculate interest has been typically defined as the annual percentage rate, interest expense or revenue is frequently expressed as a dollar amount (APR). The compensation a lender as well as financial institution receives for loaning out money is called interest. The percentage of a stockholder's ownership in a company, which is typically expressed as an interest, can also be referred to as interest. Interest is the idea that rewards one party for taking a risk and giving up the chance to use funds while punishing another party for using someone else's money. The person who temporarily parted with their money has a right to compensation, and the person who temporarily used those funds is frequently required to make this payment.
Interest paid each year on 1 bond = 2.45% of 1000
= 0.0245*1000
= 24.5
Interest earned each year on 3 bonds = 3*24.5 = 73.5
Answer = 73.5
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the most desirable rate of output for a firm is the output that group of answer choices maximizes total revenue minimizes total costs. maximizes total profit. minimizes marginal costs.
The most desirable rate of output for a firm is the output that maximizes total profit.
The output that group of answer options is the highest desirable rate of output for a corporation,maximises overall revenue while reducing overall costs. increases overall profit. lowers marginal costs
Calculating the ideal output level at which a perfectly competitive firm's Marginal Cost (MC) = Market Price is essential to optimising profits (P). The profit maximisation point, as depicted in the graph above, is where MC meets with MR or P.
The same profit-maximizing condition that a perfectly competitive firm uses to calculate its equilibrium level of output is used to find the monopolist's profit-maximizing level of output by equating its marginal income with its marginal cost.
So, the required answer is maximizes total profit
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if the quantity of houses supplied in an area increases 10 percent when the price goes up 25 percent, the supply:
The supply is inelastic if the number of dwellings available in an area rises by 10% when the price rises by 25%.
What does supply being inelastic mean?A state of the market where a rise in the price of products or services does not result in a matching change in the supply: Any change in demand due to a high level of interest will result in a scarcity because the supply of tickets is absolutely inelastic.
What causes supply to be elastic or inelastic?Supplies are deemed inelastic if they do not fluctuate much with price changes. If the supply fluctuates significantly for a slight change in the price, the supply is elastic. Supply elasticity is unit elastic if the % change in price is equal to the percentage change in quantity, even though they are in the opposite direction.
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