The dollar price in the United States for the German car if the exchange rate is 0.90 euro per dollar is 70,000 euros × ($1/0.90 euros) = $77,777.77.
Historically, the U.S. dollar reached an all time high of 164.72 in February of 1985. us dollar - knowledge, forecasts, historical chart - was last updated on Dec of 2022. in step with analysts at ING the America dollar might still rise within the coming back year. Exchange rates area unit generally driven by financial institution financial policy.
Near the tail finish of an unstable year for the worldwide economy, the dollar of United States hit a 20-year high in price. variety of things, each domestic and international, have contributed to the strength of USD. although economic conditions might shift in 2023, consultants predict.
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cash dividends and treasury stock purchases . question content area bottom part 1 a. make more resources available to pay liabilities b. may be limited by creditors to ensure that the company maintains a minimum level of stockholders' equity c. represent cash payments that are made to ensure higher reported profits d. may be restricted as a way to lower federal income tax expense
B. is correct answer
May be limited by creditors to ensure that the company maintains a minimum level of stockholders' equity
A cash dividend is a sum of money distributed on a regular basis to stockholders by a firm (as opposed to in stock or any other form) Cash dividends are frequently distributed on a regular schedule, like monthly or quarterly, but they can also be one-time payments, as after a settlement, on occasion.
Treasury stock, commonly referred to as treasury shares or reacquired stock, denotes previously outstanding stock that the issuing business has acquired from stockholders. The overall number of outstanding shares on the open market declines as a result.
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Which managerial style encourages debate and deliberation in order to create an exchange of ideas?.
Democratic leadership is a managerial style which encourages debate and deliberation in order to create an exchange of ideas.
What is Democratic leadership?
Democratic leadership, often referred to as participatory leadership or shared leadership, is a type of leadership where group members are involved in the decision-making process. Any institution, including the government, schools, and private corporations, may benefit from this kind of leadership.
Everyone has the chance to engage, ideas are freely exchanged, and discussion is encouraged under a democratic leadership style. The democratic leader is still present to provide direction and control even though this approach frequently emphasizes group equality and the free exchange of ideas.
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bear claw industries has two departments. the molding department applies overhead based on machine hours, while the assembly department applies overhead based on direct labor hours. the company made the following estimates at the beginning of the current year:
Bear Claw Industries is divided into two divisions. While the assembly section adds overhead based on direct worker hours, the molding department does so based on machine hours. As of the start of the current year, the firm estimates:
$70. Department of molding: $700,000 is the estimated cost of overhead. 12,000 hours of direct labor are projected. 10,000 estimated machine hours.
What does the word "industry" mean?In macroeconomics, an industry is a sector of an economy that produces a cluster of closely connected goods, services, or inputs. One could use the insurance or wood industries as examples. When evaluating a group or firm, industry classifications frequently classify them into a specific industry based on their primary source of revenue. Use the International Standard Industrial Classification (ISIC) as an example.
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34)on july 8, a fire destroyed the entire merchandise inventory on hand of larrenaga wholesale corporation. the following information is available:
The whole inventory of goods that Larrenaga Wholesale Corporation had on hand was destroyed by fire on July 8. is $243,000 available.
Why do you use the term "wholesale"?In the wholesale market, goods are purchased in bulk from producers or manufacturers and sold in smaller numbers to retailers, who in turn sell the smaller quantities into their respective clients.
What exactly does it imply to buy in bulk?A wholesaler serves as the go-between for your retail store as well as the manufacturer when you purchase goods from them. An wholesale purchase almost always conducted in large quantities, and as a result, you pay less for the item.
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trio co. reported that maintenance and normal repair costs are expensed as incurred. if trio's current year machinery and equipment repair costs are $8,200, which accounts would be impacted to complete the journal entry? (check all that apply.)
-Credit Cash
- Debit Repairs expense
The journal entry is as follows
Repairs a/c DR. 8200
To Cash a/c 8200
The cash will be deducted and there will be addition in repairs expense account.
What is journal entry?
A journal entry is the act of recording any transaction, whether one that is economic or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
Types of journal entry
Opening entries. Transfer entries.Closing entries. Adjusting entries. Compound entries.Reversing entriesread more about journal entry
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davis corporation reported the following financial data for one of its divisions for the year; average assets of $490,000; sales of $990,000; and income of $113,000. the investment turnover is:
Investment turnover is solved for by dividing sales by average invested assets, Investment Turnover = Sales / Average Invested Assets, Investment Turnover = $990,000 / $490,000 and Investment Turnover = 2.02.
How does investing work?An asset or item purchased with the intention of generating income or appreciation is referred to as an investment. The term "appreciation" describes a rise in an asset's worth over time. When a person buys a product as an investment, they don't intend to utilize it right away; instead, they plan to use it to make money later on.
How do newbies invest?By depositing funds into an online investment account, which can then be used to purchase shares of stock or stock mutual funds, beginners can learn how to invest in stocks in one of the finest ways possible. You can open a brokerage account and begin investing with as little as one share.
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1. Working from the table above, if Patricia wants to expand output from 450 web pages per month to 525 web pages per month her average cost per web page will go from ______________ to ______________.
Product
100
220
350
450
525
550
570
area
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
acre
Need
Ceca EL)
$3,000
$ 6,000
$ 9,000
$ 12,000
$ 15,000
$ 18,000
$21,000
Total
$5,000
$ 8,000
$ 11,000
$ 14,000
$ 17,000
$ 20,000
$ 23,000
$ 26,000
Marginal
Cost
$30
$25
$23
$30
$40
$120
$150
If Patricia wants to expand her output then her average cost per month for web page will go from 37.77 to 38.09.
Using the average cost formula,
Average cost = [tex]\frac{Total Cost}{Number of units}[/tex]
In case 1, where the output is 450 web pages
Average cost = [tex]\frac{17000}{450}[/tex]
= 37.77
In case 2, where the output is 525 we pages
then the average cost will be,
average cost = [tex]\frac{20000}{525}[/tex]
= 38.09
By dividing the total cost by the quantity of a good or service provided, the average cost, sometimes referred to as unit cost, is determined in economics. The average cost has a significant impact on how much firms charge for their products. Both fixed and variable costs are included in the overall cost of an enterprise. A metric that businesses can use to assess their profitability is the average cost. The average cost shows how a unit's manufacturing and sales costs and selling price relate to one another. The average cost shows how a unit's manufacturing and sales costs and selling price relate to one another. Businesses can better assess their long- and short-term profitability by using average costs.
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why does free access to a common property resource generate an inefficient outcome? part 2 a. the marginal private cost is less than the marginal social cost, which leads to the resource being over utilized. by. the marginal private cost is less than the marginal social cost, which leads to the resource being underutilized. c. the marginal private cost is greater than the marginal social cost, which leads to the resource being over utilized. d. the marginal private cost is greater than the marginal social cost, which leads to the resource being underutilized.
Free access to a resource means that the marginal cost to the user is less than the marginal social cost, because each user has no incentive to consider how his use of the resource will affect the use of the resource by others.
Common property resources (CPR) are prone to degradation and depletion in particular. Since many of the most important resources on the planet are common properties, this poses issues for sustainable development and resource stewardship in general.
Overexploitation of resources belonging to common property is a constant risk, if not always a terrifying reality. The operation of a so-called tragedy of the commons is responsible for a number of present environmental issues.
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when prices are falling, economists say that there is a. deflation. b. inflation. c. a contraction. d. an expansion
Prices are falling, economists say that there is a deflation .
Economists take a look at the manufacturing and distribution of sources, items, and offerings through gathering and reading information, gaining knowledge of developments, and comparing economic issues.
A person with an economics diploma will find that they may be employable in many regions, irrespective of the precise industry that they'll paintings in. There is strong demand for graduates with understanding of economics throughout the worldwide hard work marketplace.
You are probable to require an undergraduate degree in economics or a related problem, which include facts, mathematics, enterprise research or finance and accounting. some employers may require you to hold a postgraduate grasp's degree in economics.
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bob is an office manager with a financial company. his company recently announced that it will soon implement a flextime plan. under this new system, bob is likely to find that
Bob works as an office manager for a financial firm.Tony is likely to discover that, under this new system, he will be required to work longer hours.
They handle correspondence, complaints, and inquiries. composing letters, reports, and presentations supervising and monitoring administrative staff work Invoice processing and office budget management establishing and maintaining procedures/administrative systems in the office
To succeed in an office management position, you must have excellent communication skills. It aids in the avoidance of errors, the resolution of conflicts, and the provision of clear instructions. Managers are frequently in charge of a specific area of the business. This necessitates a number of meetings, including operational, 1:1 team meetings, project-specific, strategic, and ad-hoc meetings.
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the unemployment insurance the opportunity cost of looking for a new job and therefore the job search process
Enhanced unemployment benefits Reduce the opportunity cost of searching for a new job in order to prolong the hiring process.
How long can you stay unemployed before getting a job?Although 10 states offer less weeks and two offer more, most states' workers are eligible for up to 26 weeks of benefits under the standard, publicly financed unemployment compensation program. No state triggers the Extended Benefits (EB) program. Immediately after losing your job, you should get in touch with your state's unemployment insurance program. Typically, the state where you worked is where you should file your claim. Certain details, such the addresses and dates of your previous employment, will be requested of you when you submit a claim.
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Anna took out a $10,000 loan to pay tuition fees. How much will she owe after one year, if she does not make any payments and her bank charges 10% annual interest, compounded semiannually?
11,000
11025
11075
11200
11250
The amount Anna will owe if she doesn't make any payments and her bank charges 10% annual interest compounded semiannually = $11,025
Option B is correct .
What is simple interest?
Simple interest is a quick and easy way to calculate interest on a loan. Simple interest is the daily interest rate multiplied by the principal multiplied by the number of days until the next payment. This type of interest is typically applied to auto and short-term loans, but some mortgages use this method of calculation.
Evaluating the simple interest :
Compound interest is calculated on the principal plus interest already accrued.
Balance= P[tex](1+r/n)^{t}[/tex]ⁿ
, where
P = Principal,
r = Interest rate (in %),
n = number of times per year,
t = number of years.
Calculate the simple interest given terms, add it to the principal,
Calculates simple interest and adds it to the principal,
Simple interest = Principal Amount x Interest Rate x Time
Simple interest = 10,000 x 10/100 x 1
Simple interest = 10,000 x 1/10
Simple interest = 1000
Now add simple interest to the principal amount to find the balance after one year.
Balance = 10,000 + 1000
Balance = 11000
After compounding the interest, the balance after one year will be 11,000. Compound interest is only slightly more than simple interest,
Add 5% to the principal to find the balance after 6 months, then add another 5% calculated from the new balance.
Balance after 6 months = 10,500
Add 5% of 10,500:
10,500 + 5%10,500
= 10,500 + 525
= 11,025.
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The cashew industry is perfectly competitive and until now each of the identical firms in the industry have been earning zero economic profits while selling ay units of output each (for a combined industry-wide total of qy units) at a market equilibrium price of P1 per unit. An unexpected increase in the demand for cashews raises the market equilibrium price to P2, which creates a situation in which P2 exceeds MC at 91 units of output. a. If the firms continued producing 91 units each, would their combined output of cashews be too little, too much, or just right to achieve allocative efficiency? O Just right Too much Too little b. In the long run, what will happen to the supply of cashews and the price of cashews? The industry's supply of cashews will exceed Q1 and the price of cashews will equal P1. The industry's supply of cashews will be less than Q1 and the price of cashews will be less than P1. The industry's supply of cashews will equal Q1 and the price of cashews will equal P2. The industry's supply of cashews will exceed Q1 and the price of cashews will equal P2. c. Use a supply-and-demand diagram to show how that response will change the combined amount of consumer surplus and producer surplus in the market for cashews. Instructions: Use the tool Surplus' to identify the initial surplus in the graph on the left, which illustrates the initial situation before demand increases in the cashew market. Click on 'Surplus' and then click anywhere on the graph. Click and drag the endpoints of the triangle to show the total of consumer surplus and producer surplus at the original price and quantity. Next, use the tool 'Surplus2' in the graph on the right to identify the long-run surplus after the changes in market demand and supply. Use the same process as before to show the total of consumer surplus and producer surplus in long-run equilibrium. $120 $120 $100 o' $100 s , $ $80 Price Price $60 D 20 60 80 100 120 20 40 60 80 Quantity Quantity
a. Insufficient
b. The industry's cashew supply will surpass Q1 and the cashew price will be equal to P1.
What exactly does having zero economic profits mean?Profit is defined as the surplus over the average return on capital in economic theory. Profits are the surplus of overall income over the cost of the opportunity to produce the good. With no economic profits, a company is nevertheless making a reasonable or competitive return.
As a result, a company making no economic profit is undoubtedly making normal profit, which is the minimal return that a manufacturer expects from the sale of their product and which is factored into the price of their product.
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a firm that has little ability to influence market prices operates in a question 38 options: a) competitive market. b) strategic market. c) thin market. d) power market.
A firm that has little ability to influence market prices operates in a competitive market. Option A is correct.
What is the competitive market?A competitive market is one in which no one customer or producer has sway over the market. Its reaction to supply and demand varies with the supply curve, which represents the quantity of a commodity.
In a competitive market, a business with minimal capacity to affect market pricing operates. A competitive market is one with the greatest amount of competition feasible. It is also known as a completely competitive market since it has many buyers, homogeneous products, free entry and exit, and so on.
Therefore, option A is correct.
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the contract of the american federation of musicians labor union calls for additional payments when any national commercial runs beyond an initial cycle of how many weeks?
The contract of the american federation of musicians labor union calls for additional payments when any national commercial runs beyond an initial cycle of 13 weeks.
Every AFM member who worked on the original project receives an additional payment for the continued usage of that music beginning with the 14th week, for a total of $1,050 every 13-week cycle. Musicians who are fortunate enough to acquire this type of job make a lot of money over the years because national association of advertising and their customers are used to paying these prolonged use fees. However, when non-union parties are involved, extended use and reuse payments are frequently avoided at the local and regional levels. One of the most important work of AFTRA is to obtain payment for each use of it's member's work.
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Tammy’s home cost her $184,000. she lives in an area with a lively real estate market, and her home increases in value by 3.5% every year. if tammy sells her home after thirteen years, how much profit will she have made, to the nearest hundred dollars? a. $8,500 b. $87,800 c. $83,700 d. $103,800 please select the best answer from the choices provided a b c d
Tammy would have made $103,800 in profit under option (d) if she sold her house after thirteen years.
How do we determine worth in the future?The worth of a current asset at some point in the future based on an estimated rate of growth is known as future value (FV). For investors and financial planners, the future value is crucial because they use it to predict how much an investment made now will be worth in the future.
The equation future value = present value x (1 + interest rate)n can be used to compute future value using compound interest. Use the following equation to determine future value with simple interest: future value = present value x [1 + (interest rate x time)].
PV= $184,000
r= 3.5%
t= 13 years
FV = PV [tex](1 + r)^{n}[/tex]
FV= $184,000 x [tex](1 + 3.5)^{13}[/tex]
FV= $184,000 x [tex](1.035)^{13}[/tex]
FV= $287767
To get profit,
Profit= FV - PV
Profit= $287,767 - $184,000
Profit= 103,767
=103800 (approx. )
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describe and differentiate between a compliance-based approach and an integrity-based approach to leadership. which approach is preferred? justify your response.
A compliance-based approach is formal and cannot be voilated but and an integrity-based approach to leadership focus on self-control.
Compliance-based approach elaborate formal rules that people opt to adhere to or decline and commit a violation. Whereas, integrity programs specialise in self-control and an inside control operation created of the 2 elements ethical|of ethical} judgment and moral character.
A compliance-based approach is so an approach aimed toward building moral organizations supported the interference, detection, and social control of violations of existing laws. The compliance-based ethics program is one amongst 2 approaches usually enforced by organizations.
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alex shows up for work on time each day and is accountable and responsible. this best exemplifies someone who measures high for which big five trait?
Alex shows up for work on time each day and is accountable and responsible. This best exemplifies someone who measures high for which big five traits: Conscientiousness
Accountable way obligated to give an explanation for, justify, and take duty for one's movements, and to answer to someone, including a person with more authority. The kingdom of being accountable is accountability. The phrase accountable is often used inside the context of people taking duty for their moves.
A great instance of accountability is when you are targeted at achieving your desires and obligations. if you're capable of limiting distractions and pressures, you are a hit in accomplishing your dreams efficaciously. moreover, whilst your crew sees this, you are putting a great example for them. You construct a sturdy painting ethic for your group.
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what would be the most effective strategy to learn and retain a list of names of key historical figures for a week? for a year?
The most effective strategy to learn and retain a list of names of key historical figures for a week is to make the names personally meaningful. For a year, it is to over learn the list and space out rehearsals over the course of several weeks.
Who are Historical Figures?A historical figure is a person from the past whose deeds significantly impacted the consciousness and way of life of others. These persons are assigned traits that combine the ideals they truly supported with how other people perceived them.
Finally, notable historical figures that are well-known for a variety of causes include Aristotle, George Washington, Adolf Hitler, and Abraham Lincoln.
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blue panda has preferred stock that pays a dividend of $8.00 per share and sells for $100 per share. it is considering issuing new shares of preferred stock. these new shares incur an underwriting (or flotation) cost of 2.30%. How much will Blue Panda pay to the underwriter on a per-share basis?
Blue panda Pay to the Underwriter = Selling Price Per Share × Underwriter Cost $2.3 per Share.
According to the scenario, computation of the given data are as follows:
Dividend paid = $8 per share
Selling price = $100 per share
Underwriting cost = 2.30%
We can calculate the amount pay to the underwriter by using following formula:-
Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends. A stock with no dividend payments does not distribute its income to its shareholders.
Blue panda Pay to the Underwriter = Selling Price Per Share × Underwriter Cost
= $100 × 2.30%
= $2.3 per Share
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the purchase of goods and services, the sale of goods and services to customers, and costs to operate the business are all reported on the statement of cash flows under?
the purchase of goods and services, the sale of goods and services to customers are all reported on the statement of cash flows under Operating activities.
The tasks a company performs that are directly relevant to offering its products and/or services to the market are referred to as operating activities. A product or service is manufactured, distributed, marketed, and sold. These are the company's primary commercial activities.
The majority of an organization's cash flow often comes from its operating operations, which also heavily influences its profitability. Cash receipts from sold goods, employee paychecks, tax payments, and payments to suppliers are a few typical operating activities.
The income statement and cash flow statement, in particular, can be found on a company's financial statements.
Operating activities are different from investing and finance activities, which are corporate tasks unrelated to the delivery of goods and services.
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the secondary ticket market has had little impact on the way sport teams sell tickets. group of answer choices true false
True, this secondary ticket market hasn't had much of an impact on how sports teams sell tickets.
An secondary ticket market is what?When you purchase your tickets from the a primary seller, you can be sure that they're the original ticket and that the event provider set the price. You can purchase tickets on a secondary market from brokers or from customers who can no longer use their original tickets.
StubHub a secondary market for tickets?The secondary market of today, which features significant firms like Ticket exchange, StubHub, Tickets, and VividSeats, could be argued to have taken the place of the main ticket market for patrons and venues.
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a company is considering a capital investment of $45,000 in new equipment which will improve production and increase cash flows by $15,000 per year for 6 years. the company has a hurdle rate of 10%. the break-even time is approximately:
A company is considering a capital investment of $45,000 in new equipment but has a hurdle rate of 10% so the break-even time is approximately 1:3.
Capital investment is that the acquisition of physical assets by an organization to be used in furthering its long-run business goals and objectives. assets, producing plants, and machinery are among the assets that square measure purchased as capital investments.
A hurdle rate is that the minimum rate of come back needed on a project or investment. Hurdle rates provide corporations insight into whether or not they ought to pursue a selected project. Riskier comes usually have the next hurdle rate, whereas those with lower rates go together with lower risk.
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Outsourcing
Outsourcing of jobs to workers in foreign countries has become a controversial issue in recent years. Using the Internet and the library, research the issue by reading articles in recent news magazines and newspapers.
Activity
What are the prevailing arguments against the outsourcing of jobs, and how are they answered by the companies that use outsourcing? What is your opinion on the balance of pros and cons - and what are some possible solutions to the dilemma?
The prevailing arguments against the outsourcing of jobs is that The labor and environmental standards that are relevant to the products and services that Americans
The way that they are answered by the companies that use outsourcing is that:
Economic Efficiency May Rise With Outsourcing. Businesses typically gain when highly trained individuals may outsource lower-value jobs and devote more time to high-value projects.What do you believe to be the benefits and drawbacks of outsourcing?The benefits of outsourcing include:
Not having to hire more staffHaving access to a larger talent poolPaying lower labor costs.The Cons of outsourcing are:
Lack of controlPoor communicationPoor quality and problems often arises.Therefore, The possible solutions to the dilemma are:
Keep track of the paperwork.Forms direct lines of contact.Be mindful of cultural variations.Always perform extensive research before selecting a vendor.Clearly state the project's needs, timeframe, and price.Learn more about outsourcing from
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Which set of motives deals with our need to determine who or what causes the things that happen to us?A. need for consistencyB. need for attributionC. need to categorizeD. need for objectificationE. need for autonomy
Need for attribution set of motives deals with our need to determine who or what causes the things that happen to us.
The concept of attribution refers to how people classify the sources of their daily experiences as either internal or external. Attribution theory describes the models used to describe this process. In the early 20th century, Fritz Heider's work marked the beginning of psychological study into attribution. Heider was the one who initially popularized the idea of perceived "locus of causation" to describe how one perceives their surroundings.
For instance, an event may be interpreted as being the result of external forces or as the result of the person's own actions (internal). These early impressions are known as attributions.
Hence the correct option is B
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how do wage flexibility and downward wage rigidity affect the extent of unemployment in the economy when the demand for labor falls?
Wage flexibility and downward wage rigidity is Limited & Amplified.
Why is wage flexibility crucial?By keeping current positions during economic downturns and raising pay during economic expansions, wage flexibility helps to reduce unemployment. Therefore, a clear objective of public policy should be pay flexibility. By wage rigidity, we mean that wages only change on a yearly or longer period to reflect the marginal output of work. We define wage flexibility as the semi-annual or more frequent adjustment of wages to the marginal product of work.
What are the drawbacks of being a wage worker?Some employees may not like working for a pay since they might want the flexibility to change or omit shifts. Salaries for non-exempt workers may result in violations of the wage-and-hour laws. Employees that are FLSA non-exempt must be paid overtime, thus you must keep track of their working hours.
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A goal of management is to increase a company's ______, while a goal of labor unions is to provide a fair share of profits to their ______. Multiple choice question.
A goal of management is to increase a company's profit, while a goal of labor unions is to provide a fair share of profits to their members.
What is the goal of management?Management teams can be described as the team that do helkp to seek for the balance between maximizing profits and promoting a beneficial workplace for employees.
It should be noted that they help in the process of maximizing profits as well a working with various departments like the accountants, supervisors departmebnts as well as the executives so as to be able determine areas that require improvements and changes.
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In cell C6, enter a formula that multiplies the value in C5 for the month of January by the value in cell B6. Use a mixed reference for the cell B6 so that only column B does not change when copied. Use relative reference for all other cell references
Precision Building Average Kitchen Remodel Atlanta Boston Denver Honolulu Houston Avg Cost $43,000 $60,000 $38,000 $51.500 $53,00 5 Cost Increase 1.1
Formula in cell C6 = C5*$B6
Enter a formula in cell C6 that multiplies the value in C5 for Atlanta city by the value in cell B6. Make cell B6 a mixed reference so that only column B changes when copied.
A mixed reference is one that contains both absolute and relative references. The symbol $ denotes an absolute reference. $B6 indicates that column B is locked, which means that it cannot be changed when the formula is copied. And C5 is a relative reference, implying that no absolute reference is used.
When the formula is copied, the row and column numbers change depending on which cell the formula is copied to. And for B6, the column remains constant, i.e. B does not change, while the row changes depending on the cell to which the formula is copied.
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Excessive ______ was cited as a key contributor to the 2008 subprime mortgage crisis and subsequent bailout of large banks.
Answer: Borrowing
Explanation: Falling home prices in the United States and an increasing number of debtors unable to repay their loans
chapter 11 true or false: both public and private colleges measure and report most transactions in a similar manner.
Answer:
Yes, it is true in both public and private colleges measure and report most transactions in a similar manner.
Explanation:
While private institutions (like other not-for-profits) adhere to FASB standards, public colleges and universities follow GASB accounting rules. This distinction used to make a big difference because general-purpose governments and public institutions both utilised various monies.
Nowadays, the majority of public universities and colleges report as special-purpose governments carrying out commercial-type activities. They could show up as separately presented state government departments. Their financial statements closely resemble those of enterprise funds and measure events using the accrual method of accounting with an emphasis on economic resources.
As a result, the majority of transactions are measured and reported similarly by both public and private institutions.
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