The employee's annual federal insurance contributions act (FICA) taxes amount is $3548.6.
What does FICA tax mean?In the US, FICA is a federal payroll tax. It is known as the Federal Insurance Contributions Act and is deducted from every paycheck. Social Security can accurately track your self-employment or insured wages thanks to your nine-digit number. As you work and pay FICA taxes, you accrue credits for Social Security benefits.
The FICA tax rate is applied to all taxable compensation. Included in this are all salaries, wages, tips, bonuses, commissions, and taxable fringe benefits. The IRS Publication 15-B has a table listing the various fringe benefits that are subject to FICA.
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in the calculation of earnings per share, preferred stock dividends are a.not used in the calculation. b.subtracted from net income. c.added to net income. d.subtracted in the denominator.
In the calculation of earnings per share, preferred stock dividends are subtracted from net income. The Option B is correct.
What is an Earnings per share?An earnings per share means a company's net profit, divided by number of common shares it has outstanding. This metric indicates how much money a company makes for each share of its stock and is a widely used for estimating corporate value.
A higher earnings per share indicates a greater value because the investors will pay more for a company's shares if they think the company has higher profits relative to its share price.
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besides the summary and analysis of the sales comparison approach, what else is reported in the sales comparison section of the urar below the sales comparison grid?
Other information is presented in the sales comparison portion of the URAR following the sales summary, including a summary and analysis of the sales comparison approach.
What exactly is a sales comparison approach?Sales comparison methodology -
The method by which the market estimate is created by looking at the market for properties that are similar.
A key tenet of the sales comparison approach is that a property's market worth is closely correlated with the costs of similar, competing properties.
Which principle is applied when valuing something through sales comparisons?utilizing the substitutional concept
The sales comparison approach, like the cost approach, is founded on the idea of substitution. This rule is predicated on the idea that a savvy purchaser will only pay the price of a comparable, equally attractive property.
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The demand for labor is a derived demand because a. labor is a variable input. b. we demand what labor produces and not labor itself. c. labor is hired based on when the marginal revenue product is equal to the wage rate. d. all products must have some labor embodied in them
The demand for labor is a derived demand because we demand what labor produces and not labor itself.
The company's call for for hard work is a derived call for; it's far derived from the call for for the company's output. If call for for the company's output increases, the company will call for greater hard work and could rent greater people. If call for the company's output falls, the company will call for much less hard work and could lessen its paintings force.
The call for hard work is derived from call for the very last product. -The slope of the hard work deliver curve is decided through the extent of human capital funding people have undertaken. The call for hard work is derived from call for the very last product.
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when the interest rate is low the . group of answer choices transactions demand for money will decrease. precautionary demand for money will increase. demand for loans will be low. asset demand for money will increase.
The percentage of the principal that the lender charges for the usage of its funds is known as the interest rate. The amount of the loan is known as the principle. The price of loans varies with interest rates.
In order to attain perfect economic growth, the Federal Reserve controls interest rates. The entire quantity of money that the populace of an economy wishes to own is the amount of demand for money.To lessen the effects of potential future unforeseen spending needs, precautionary cash reserves are kept. Companies and consumers will raise the level of precautionary cash reserves for unforeseen spending needs as economic activity and GDP rise.The amount of reserve cash balances is influenced by the availability of credit and the rate of interest. Other factors being equal, such money balances are anticipated to increase when credit is widely available (rarely) and interest rates are low (high) (decline).
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explain the relationship between globalization and the creation of new ""glocal"" lifestyles and forms of consumption.
The process of transforming global concepts into locally acceptable forms is referred to as globalization.The rise of a consumerist economy enables individuals to demonstrate their identities through the purchase and prominent use of various goods.
McDonald's is changing its recipe for a particular culture.
How does consumption relate to globalization?
Globalization generally lowers manufacturing costs.As a result, businesses are able to offer products at lower prices to customers.One important factor in rising standards of living is the average cost of goods.Additionally, consumers have access to a wider range of products.
In relation to globalization, what does globalization imply?
The terms "globalization" and "localization" are combined in the term "globalization."A product or service that is made and sold all over the world but is also modified to fit the needs of a local customer or user is referred to by this term.
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your internship supervisor calls you in for an appraisal. after going over her findings, she assigns you to a new task that fits your skill level and department needs. she can do this because she has what type of power as your supervisor?
She can do this because she has the power of reward as the interns supervisor.
What does appraisal mean?An employee's performance is evaluated and documented through the performance appraisal process. It's a component of a business's performance management system. Performance evaluations are based on how well an employee is doing in relation to objectives set once a year with his or her management.
What role should the supervisor play in performance appraisal?Reviewing with the individual the job description and performance criteria describing how the employee's efforts support departmental and academic objectives. creating a strategy to assist the individual in acquiring all required skills. describing the manner and timing of your performance evaluations.
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Tri-bikes manufactures two different levels of bicycles: the Standard and the Extreme. The total overhead of $300,000 has traditionally been allocated by direct labor hours, with 150,000 hours for the Standard and 50,000 hours for the Extreme. After analyzing and assigning costs to two cost pools, it was determined that machine hours is estimated to have $200,000 of overhead,with 4,000 hours used on the Standard product and 1,000 hours used on the Extreme product. It was also estimated that the setup cost pool would have $100,000 of overhead, with 1,000 hours for the Standard and 1,500 hours for the Extreme. What is the overhead rate per product, under traditional and under ABC costing?
Under standard and ABC pricing, there is a $40 overhead rate per product.
What do you mean by manufactures?Manufacturing is the method of creating products by hand or machine, which the company then sells to a customer. Raw materials or little pieces of a specific good may be the items used in manufacturing. On such a large manufacturing line with specialized staff and equipment, manufacturing often takes place.
Briefing:Manufacturing overhead cost estimated at 300,000/200,000 = $1.5 per hour for direct labor
You can now assign overhead to every product:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation baseStandard= 1.5*150,000= $225,000
Extreme= 1.5*50,000= $75,000
Machine:
Overhead= $200,000
hours equals 1,000 hours for the Extreme product and 4,000 hours for the Standard product.
Manufacturing overhead rate is estimated at 200,000/5,000, or $40 per hour.
Set up:
Overhead= $100,000
Again for Standard and Extreme, an hour is equal to 1,000 hours.
Estimated manufacturing overhead rate= 100,000/2,500= $40.
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how do west african art traders who immigrate and sell their wares in marketplaces in new york city receive honor and prestige in their home countries?
West African art traders who immigrate and sell their wares in marketplaces in New York city receive honor and prestige in their home countries in form of ambassadorship. It is believed they do that to promote West African art and show the arts to the world. Most people in New York and other parts of the world might not have access and know about the West African arts if they are not brought to the place.
What is West African Art?West African Arts are the indigenous work of arts of people of the western part of African continent. Some of the arts are, molded objects, paintings, traditional masks etc
Who are immigrants?Immigrants are people living outside their country/place of origin.
Immigrants who sells west African arts are honored and respected in their country as promoters of the indigenous arts
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what do you believe is the most important account (for example, cash, loans, etc) on pnc's balance sheet? why?
Yes, cash is the first line item on a company's balance sheet and is a current asset. Cash is the asset with the greatest liquidity and is simple to purchase. The universal standard for determining liquidity is cash.
What does liquidity mean in terms of investing?Liquidity in a secondary market typically refers to how quickly or easily a securities may be bought or sold. Investments that are liquid can be quickly and cheaply sold when cash is needed.
What does corporate liquidity actually mean?Accountants refer to the ease with which your company can settle its present liabilities with cash and other current assets as "business liquidity" (also called short term assets). Bill payments are included in current liabilities.
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which of the following does not represent a current liability? select one: a. accrual of taxes payable b. short-term loan c. purchase of inventory on credit d. bond issue e. none of the above
D. bond issue does not represent a current liability.
A liability is something that is borrowed from, owed to, or obligated to a person else. it could be actual (e.g. a bill that needs to be paid) or potential (e.g. a probable lawsuit).
A liability isn't always always a horrific component. for example, a organisation may additionally take out debt (a legal responsibility) so as to enlarge and grow its business. Or, an individual may additionally take out a mortgage to buy a domestic.
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western union and moneygram dominate the $600 billion money transfer market because of their huge distribution networks of branch offices and global pickup locations, which makes it hard for potential competitors to get started. this is an example of which factor that drives competition?
Western union and money gram are showcasing barrier to entry which is the factor that drives competition.
Competition is competition in which two or more parties strive to achieve a common goal that cannot be shared: Where one person's gain is another's loss. Competition can arise between entities such as organizations, individuals, economic and social groups, etc. Competition can involve the achievement of any monopoly objective.
Competition occurs in nature, between living organisms coexisting in the same environment. Animals compete for water, food, mates, and other biological resources. Humans often compete for food and mates, although when these needs are met, deep competition often arises in pursuit of wealth, power, prestige, and fame in a competitive environment. static, repeated or immutable fields.
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price discrimination leads to than a one-price system. a more efficient output a lower average cost a lower average price fewer buyers
Price discrimination leads to than a one-price system when it is a more efficient output and reducing the price is above the marginal cost.
What do you mean by average cost?With cost on the vertical axis and quantity on the horizontal axis, an average cost curve may be drawn. These graphs frequently include display marginal costs, which are the costs of the last unit produced at each point and, in the short run, indicate the slope of the variable cost curve (and hence the first derivative of variable cost).Because all fixed costs are incurred before any output occurs and marginal costs are often rising due to declining marginal productivity, the average cost curve typically bears a U-shape. In this "typical" scenario, marginal costs for low levels of production are lower than average costs, causing average costs to decline as quantity rises.
What is long run average cost?The unit cost of generating a specific output when all inputs, including physical capital, are variable is known as the long-run average cost. The firm will select the set of inputs that yields the target quantity at the lowest possible cost, according to the behavioural assumption.
Typically, a long-run average cost curve slopes downward at relatively low output levels and upward or downward at relatively high output levels. The long-run average cost curve most frequently takes the form of a U, which by definition reflects economies of scale where the slope is negative and diseconomies of scale when the slope is positive.
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you're working with a buyer who's purchasing a home that appraised at $80,000. the buyer is obtaining a 90% loan, and the lender will charge a one-point origination fee at closing. how much will the loan origination fee be?
If the buyer is buying a home appraised at $80,000 and the buyer is obtaining a 90% loan, and the lender will charge a one-point origination fee at closing then the loan origination fee will be $720.
A mortgage lender will charge you a fee called a loan origination fee in order to process your loan. Normally, it represents 1% of your overall loan debt. To cover the expense of processing, underwriting, and carrying out your loan, almost all lenders impose origination fees. These expenses may appear as one origination price or as numerous separate ones, such as an underwriting and processing fee. Variable loan origination costs. Costs may vary depending on your loan type, credit score, co-signer status, and loan amount. Asking your lender to lower your origination fees or any of the other lender-side fees is completely acceptable.
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unearned revenue, an operating liability, arises when a company receives cash before any goods are delivered or services are rendered. select one: true false
The following statement "Unearned revenue, an operating liability, arises when a company receives cash before any goods are delivered or services are rendered" is true.
Unearned income is money that has been received by a person or business for a service or good that hasn't yet been rendered or supplied. It can be compared to a "prepayment" for products or services that a supplier is anticipated to deliver to the buyer at a later time.
Unearned income should be recorded as a credit to the unearned revenue account and a debit to the cash account in your diary. This journal entry shows that although the company received payment in cash for a service, it had been provided on credit as a prepayment for additional goods or services to be provided.
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identify the true statement about the various service approaches used by retailers. multiple choice question. customers always seek standardized services rather than personalized services. the level of customer service and personalized information desired from sales associates does not depend on the buying situation. the level of desired service always remains unchanged for the same customer patronizing the same retailer. general merchandise retailers tend to emphasize standardized service.
The true statement about the various service approaches used by retailers is general merchandise retailers tend to emphasize standardized service.
Retail refers to the process by which purchasers purchase goods and then resell them to end users for personal use rather than to suppliers or wholesalers. In order to connect wholesalers and customers, shops act as a middleman. They acquire products from wholesalers and sell them in small quantities to final clients.
A retailer acquires things in bulk from wholesalers and sells them in small amounts to clients. The essence of a store is that they keep a selection of goods. By going above and beyond customers' expectations and providing great services, retailers want to maximize satisfaction.
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suppose you manage a firm in a monopolistically competitive market. which of the following strategies will do a better job of helping you maintain economic profits: option a: obtaining a celebrity endorsement for your product. option b: supporting the entry of firms that will compete directly with your biggest rival.
Getting a celebrity to endorse your product will perform a better job of helping you retain economic profit in a monopolistically competitive market. So the answer is Option A.
What is a market with monopolistic competition?There are still numerous sellers engaged in monopolistic rivalry (as we had under perfect competition). Today, they don't sell the same products, though. Instead, they promote differentiated goods—items with similar functionality but little differences or diverse perspectives. Differentiating products from one another can be done in a number of ways, including by brand name, quality, style, convenience, and location.
How may a product be differentiated?
Sometimes, it's purely geographical; regardless of the brand, you probably buy gas at the station that's nearest to your house. Other times, advertising intended to persuade consumers that one product is different from another and better than it is used to promote perceived differences between items. Nevertheless, no matter how many clients a product has, if its price goes up too much, the supplier runs the danger of losing them to a competitor. As a result, businesses have little to no control over pricing in monopolistic competition.
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The ____ operator of the test command, combines two expressions and tests a logical OR relationship between them
The -o operator of the test command, combines two expressions and tests a logical OR relationship between them.
The logic of databases and mathematical sets is based on boolean operators. They link your search terms together to either increase or decrease the number of results you receive. These are the three fundamental boolean operators: AND, OR, and NOT.
By connecting two or more concepts that are related to one another (synonyms) with OR, you can extend your search results by informing the database that ANY of your search phrases may appear in the records that are returned.
When you type commands into a database, it follows those commands and responds with results. When employing Boolean operators, be mindful of the logical sequence in which words are connected.
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Which leader behavior is most appropriate for a group of employees who are working together for the first time and are eager to begin but lack the experience and confidence needed to perform their roles?.
Telling leadership behavior is the most appropriate for group of employees who are working together for first time and are eager to begin but lack experience and the confidence needed to perform their roles.
What is leadership behavior?Leadership behavior describes the qualities and deeds that make a person a successful leader. This behavior is the method by which a person can lead, oversee, and affect the work of others in order to achieve particular objectives. These behaviors and approaches can be taught by leaders to improve the performance of others around them. When someone has vision for company, product, or group of individuals, they use these behaviors to inspire others to take the action. To inspire and guide others to improve efficiency and accomplish the organization's goals, one must exhibit effective leadership characteristics.
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Increasing competition from democratic challengers and from factions within the republican party have had which consequences for texas judicial campaigns?.
An increasing competition from democratic challengers and from factions within the republican party have had some consequences for Texas judicial campaigns which includes:
the elections became highly political.the elections became much more expensive.What was the Texas judicial campaigns?The campaign is done in preparation of Texas judicial election. Texas is one of little states that uses a partisan elections to select judges and does not use retention elections for subsequent terms.
The judges in Texas compete in a partisan elections during even-numbered years. The state holds a primary elections, runoff elections and general elections and the Judges must run for re-election in partisan elections for subsequent terms.
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which of the following standardized fund balance categories of other governmental funds includes resources that can only be used for specific purposes, as authorized by the highest level of the reporting government? select one:
a. nonspendable b. restricted c. committed d. unassigned
Standardized fund balance categories of other governmental funds includes resources that can only be used for specific purposes, as authorized by the highest level of the reporting government is committed fund balance classification.
The committed fund balance classification includes amounts that can be used only for the specific purposes determined by a formal action of the government's highest level of decision-making authority.
The asset report and the assertion of revenues, expenditures, and changes in fund balances are the two fiscal summaries expected for the administrative assets.
Major funds are those that outperform a particular cutoff and require separate detailing. State run administrations can show more modest government reserves independently on the off chance that they are considered critical to the public authority. On budget summaries, the leftover "non-major" reserves are totaled in a solitary column.
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global conveyors has multiple sales teams that need to select from a subset of the product catalog on the product selection page. which solution meets the business requirement without creating a separate price book?
The business requirement without creating a separate price book.Add a configuration attribute to a bundle.To link a configuration attribute to a column, use this area. If your bundle includes features, indicate which function.
This configuration element should be shown in. Hide the configuration attribute from the configurator UI. Choose the location where your configuration attribute will appear in the configurator.a group of qualities In the form of attribute items, an attribute brought together businesses from several worldwide attributes. After the attribute set and world attributes have been established, each global attribute is given its own attribute object. E-distributors, companies that provide delivery services, base their orders on online purchases of a variety of goods and services. How swiftly the good or service is supplied is what differentiates these companies from one another.
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Midwest Sports produces in-house all the products that it sells through its network of stores. It has a function in its value chain that controls sending the physical materials through the value chain, from procurement through production and into distribution. This function is called?human resources.finance.marketing.logistics.research and development.
Option (d), It has a role in its value chain that regulates the movement of tangible materials from purchase through production and distribution. Logistics is the term for this action.
In the supply chain, what function does logistics play?The movement and storage of goods and services, as well as the paperwork and reports that track these activities throughout an item's path to the consumer, are all handled by logistics in the context of supply chain management. Transportation strategies that move inventory from one place to another are included in logistics.
How does logistics work?From the point of origin to the final destination, it entails organizing, carrying out, and monitoring the efficient storage of commodities (the point of consumption). Or to put it another way, logistics controls both forward and backward flows of goods.
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"Production and marketing are like the scissor's blade, one is no good without the other." Justify this statement with suitable example
Answer:
Explanation:
The given statement is absolutely correct. As both blades of scissor is equally important to cut a piece of cloth similarly production and marketing both are dependent on each other to work efficiently.
Before the production of any item, pre-marketing is done to ensure the sale is followed by production, and to enhance the sale post- marketing is planned.
For eg : an XYZ product is manufactured, but the company doesn't have the marketing skills there will be no sale. So if the production is at peak but the company doesn't market it. so all the production woulkd be useless because marketing increase sale as well as ensure the margin.
Hence, production is incomplete without marketing and vice versa
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FILL IN THE BLANK. if an asset's business use drops to 50% or below, the business must ___ any excess accelerated depreciation over the ___ ___ depreciation for all prior years
If the business use falls to 50% or less, the excess of MACRS depreciation over straight-line for all past years is reclaimed.
Does recapture apply to MACRS depreciation?Bonus depreciation is regarded as a depreciation deduction, and as such, the full deduction may be subject to recapture as ordinary income under IRC 1245 when section 1245 property is sold for a profit.
The depreciation or expensing deductions above straight-line will be subject to recapture if a taxpayer's business use falls to 50% or less at any point after bonus, section 179, or MACRS depreciation has been claimed. The self-employment tax will apply to this amount as regular income.
The method for calculating MACRS depreciation.By dividing one depreciation period by the asset's remaining life, LN calculates the % for a year when utilizing MACRS straight line. Using this percentage combined with the averaging convention, LN then uses this result to calculate the depreciation amount for that year.
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a technique that analyzes the relationship between total revenue and total cost to determine profitability at various levels of output is referred to as
Break-even analysis is a method for calculating profitability at various output levels by analyzing the relationship between total revenue and total expense.
Which method is used to establish the output level at which total costs and total revenues are equal?In economics, business, and cost accounting, break even analysis refers to the situation where total cost and total revenue are equal. The number of units or dollars of revenue required to cover all costs is calculated using the break even point approach (fixed and variable costs).
What is the formula for profit?A firm's profits are directly impacted by pricing, and the profit equation is as follows: Profit = Total revenue Total cost or [(Unit price Quantity sold) (Fixed cost + Variable cost)].
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sharon smith will receive $1.14 million in 25 years. the discount rate is 11%. as an alternative, she can receive $84,360 today. which should she choose?
She should be indifferent between the two choices.
What is the discount rate?The discount rate is the interest rate that is used to determine the present value of future cash flows in a discounted cash flow (DCF) analysis. This makes it easier to assess whether future cash flows from a project or investment will be worth more than the capital outlay needed to fund it now.
What is the discount rate's mathematical formula?The two basic formulas for calculating the discount rate are the weighted average cost of capital (WACC) and the adjusted present value (APV). The WACC discount formula is: WACC = E/V x Ce + D/V x Cd x, whereas the APV discount formula is: APV = NPV + PV of the impact of financing (1-T).
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A company acquired an office building on three acres of land for a lump-sum price of $2,650,000. The building was completely equipped. According to independent appraisals, the fair values were $360,000, $1,800,000, and $1,440,000 for the building, land, and equipment, respectively. At what amount would the company record the building?
Multiple Choices Listed Below:
o $265,000.
o $1,740,000.
o $380,000.
o None of these answer choices are correct.
Answer:
The initial values of the building, land, and furniture and fixtures in the general ledger would be $265,000, $1,325,000, $1,060,000 respectively.
Explanation:
For computing the initial values for fixed assets, first we have to take the sum of all three fixed assets amounts, than do the proportion with respect to sum of all three fixed assets and lump sum price by considered each fixed assets fair value.
In mathematically,
Initial Value = (Fair value of fixed asset ÷ total fair value of all three assets) × Lump sum price
So, the total fair value of all three assets = Fair value of building + fair value of land + fair value of furniture and fixtures
= $360,000 + $1,800,000 + $1,440,000
= $3,600,000
Thus, the the total fair value of all three assets is $3,600,000
Now, apply the above formula to compute each one fair value.
For Building = ($360,000 ÷ $3,600,000) × $2,650,000 = $265,000
For Land = ($1,800,000 ÷ $3,600,000) × $2,650,000 = $1,325,000
For Furniture and Fixtures = ($1,440,000 ÷ $3,600,000) × $2,650,000 = $1,060,000
Hence, The initial values of the building, land, and furniture and fixtures in the general ledger would be$265,000, $1,325,000, $1,060,000 respectively.
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your client, who owns a vegan foods online store, is ready to roll out a video campaign. they only have companion ads ready to serve. what would you advise them to do?
Your client, who owns a vegan food online store, is ready to roll out a video campaign. They only have companion ads ready to serve. I would best advise them until the video ads are ready, begin the campaign with companion ads.
Companion ads are the ones that are shown around the video ad. It can be rich media, images, text, or skin too. Companion ads allow you to serve ads to display ad slots at the same time as those served to a video or audio player. They always rely on the master ad to serve. When a master ad automatically play companion ads load immediately when it starts, so the two load simultaneously.
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Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact that (P>ATC, MR=MC, MR>MC, P=ATC) at the optimal quantity for each firm. Furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium is (less than, greater than, equal to) the minimum average total cost.True or False: This indicates that there is excess capacity in the market for bats.Monopolistic competition may also be socially inefficient because these are too many or too few firms in the market. The presence of the (business-stealing, product variety) externality implies that there is too much entry of new firms in the market.
The market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact that (P>ATC, MR=MC, MR>MC, P=ATC) at the optimal quantity for each firm. Furthermore, True
Monopolistic competition exists while many agencies offer competing services or products that are comparable, but now not best, substitutes. The barriers to access in a monopolistic aggressive enterprise are low, and the decisions of anybody firm do now not immediately affect its competition.
Quick food corporations like McDonald's and Burger King which sells burger in the market are the maximum commonplace sort of example of monopolistic competition. the two corporations cited above promote a nearly comparable types of products however are not artificial of each different.
In essence, monopolistically aggressive markets are named as such due to the fact, while corporations are competing with one another for the same organization of customers to a few diplomas, every company's product is a touch bit exclusive from that of all of the different firms, and therefore every firm has something akin to a mini-monopoly.
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tom and jerry entered into a contract whereby tom agreed to sell jerry $1,000 worth of heroin, an illegal substance. this is an example of a:
Tom and Jerry agreed in their contract that Tom would sell Jerry $1,000 worth of heroin, which is illegal. A quasi contract is exemplified by this.
Why is a contract null and void?If a contract cannot be enforced as originally drafted, it may be ruled void. In these situations, void contracts, sometimes known as "void agreements," relate to arrangements that are either illegal in nature or that go against fairness or public policy.
What distinguishes a void contract from one that is voidable?A contract that is voidable can only be terminated or revoked after one party provides a solid justification for doing so. This indicates that the contract would be enforceable even if one party objected legally. Contracts that cannot be upheld become void.
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