True , an export tax always reduces the exporter's net revenues. It is highly evident which industries will produce more technological spillovers and which less The bulk of child employment is in the tradeable sector of poor countries.
A country's net exports are the value of its overall exports minus the value of its total imports. A fine net export quantity suggests an exchange surplus, even as a terrible quantity means a change deficit. A vulnerable currency trading rate makes a kingdom's exports more competitive in rate.
The internet range includes a variety of exported and imported items and offerings, together with cars, client items, movies, and so on. If a country exports $two hundred billion well worth of products and imports $185 billion worth of products (exports > imports), then it's not exported items are $2 hundred billion – $185 billion = $15 billion.
The leading determinants of net exports are home and foreign earnings, relative charge ranges, alternate prices, domestic and overseas change rules, and options and technology. An exchange inside the charge stage causes a change in internet exports that actions the economic system alongside its combination demand curve.
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the maturity value of a promissory note is a.the face value of the note plus the interest due to the maturity date. b.its realizable value. c.the discounted value of the note. d.the face value of the note.
The correct response is a. The maturity value of a promissory note is the face value of the note plus the interest due to the maturity date.
A financial concept known as "face value" refers to a security's nominal or monetary value as indicated by its issuer. The original cost of the stock, as stated on the certificate, serves as the face value for stocks. The term "face value" refers to the nominal or monetary worth of a security; the issuing party declares the face value. The face value of a stock is its initial purchase price, as stated on its certificate; the face value of a bond is the amount that will be paid to the investor when the bond matures. Because there are other other influencing factors at work, such as supply and demand, the face value of a stock or bond is not a reliable indicator of its actual market worth.
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Take a look at the GDP components for the United States in the World Economic Statistics screen (ECST) below. Which GDP component was the biggest contributor at the time that this screen was captured?
Consumer expenses or personal consumption are simply the biggest GDP developer in the United States.
What is the.biggeat contributor to GDP?Consumer spending is the most important component of GDP, accounting for roughly two-thirds of GDP throughout the year. This indicates that consumers' spending decisions are the primary driver of the economy. When you look back in time, you will notice that you have not jumped too far. Rising consumer spending (goods and services) and private domestic investment are the main drivers of this increase, as government spending stagnates, imports outpace exports, and international trade contributes negatively overall.
The United States has the world's largest consumer market economy. Residents in the United States will spend approximately $12.5 trillion on durable and non-durable goods by 2020. That is more than $5 trillion less than the previous year. Consumer spending may not recover until 2022, and given the annual population growth of 2.5 million, the average American is spending the same amount as in 2019.
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explain why the government spending (g) component of gdp falls short of actual government expenditures?
Transfer payments are included in the latter category of government spending but not the former.
What takes place when the government cuts back on spending?Declining government spending tends to slow economic growth since less is bought by the government from the private sector. Increasing tax revenue has the tendency to decrease economic activity since it lowers people's disposable income and, consequently, causes them to spend less on products and services.
How does the economy respond to an increase in government spending?According to Keynesian economics, more government spending enhances aggregate demand and consumption, which leads to increased production and a quicker recovery from recessions.
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an investment that cost $30,000 provided annual cash inflows of $9,000 per year for five years. the desired rate of return is 10%. the internal rate of return from the investment is: (pv of $1 and pva of $1)
The internal rate of return from the investment is Greater than the desired rate of return.
A higher IRR means a higher go back on investment. Within the international of industrial real property, as an example, an IRR of 20% could be taken into consideration right, however it's important to take into account that it's always related to the value of capital.
Commonly, the better the IRR, the higher. However, a employer may additionally opt for a project with a lower IRR, as lengthy because it still exceeds the price of capital, because it has different intangible advantages, which include contributing to a larger strategic plan or impeding competition.
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FILL IN THE BLANK. The most effective standards tend to be expressed in _____ terms; they are objective rather than subjective.
ISO 27001 is the most fantastic and famous general in the household which gives companies with the necessities to shape and put into effect their ISMS (Information Security Management System).
Which widespread is positive for the first time in 2022?Under paragraph 30 of IAS 8, entities want to divulge that there are new IFRSs that are issued however now not yet superb and records applicable to assessing the viable have an effect on that their utility will have on the entity's monetary statements.
IFRS 17 establishes the ideas for the recognition, measurement, presentation and disclosure of insurance plan contracts within the scope of the standard. The goal of IFRS 17 is to make certain that an entity affords relevant information that faithfully represents those contracts.
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https://brainly.com/question/28682754#SPJ4if a supervisor acts in an aggressive, disrespectful way toward employees, how are the employees likely to respond? (choose every correct answer.)
The excellent way to cope up with such personnel is to remain calm and have patience.
What non-public competencies will assist you maintain Patience when you do that?Listening skills, empathy, emotional intelligence- knowing why the character is difficult, makes it simpler to empathize. They require constant effort; they do no longer occur quickly.
What are the 3 strategies of self-control?Monitoring, standards, and strength are the three main aspects of self-control. All the willpower methods involve at least one of these elements and try to create the motivation wished for controlling one's behaviors.
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Mutual fund pool the deposits of many investors together and invest them in a safe way like short-term government bonds.
What do you mean by mutual funds?A mutual fund is a collection of funds that is mainly controlled by a Fund Manager. It is a trust that gathers funds from numerous participants who have similar investing goals and invests them in stocks, bonds, money market instruments, and/or other securities.
Are Mutual Funds a Safe Investment?When buying securities like stocks, bonds, or mutual funds, all investments entail a certain amount of risk. The money invested in securities is often not federally protected, in contrast to deposits at FDIC-insured banks and NCUA-insured credit unions.
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which factor is not considered in the oig work plan? mandatory requirements for oig reviews, as set forth in laws, regulations, or other directives. requests made or concerns raised by congress, hhs management, or the office of management and budget. top management and performance challenges facing hhs. inconvenience to the healthcare industry.
Top management and performance challenges facing hhs. inconvenience to the healthcare industry is not considered in the OIG work plan.
The OIG Work Plan outlines a number of projects, including OIG audits and evaluations, that the Office of Audit Services and Office of Evaluation and Inspections have underway or are anticipated to take on throughout the current fiscal year and beyond.
The Centers for Medicare & Medicaid Services (CMS), public health organisations like the Centers for Disease Control and Prevention (CDC) and National Institutes of Health (NIH), and human resources organisations like the Administration for Children and Families (ACF) and the Administration on Community Living are among the organisations with projects listed in the Department's Work Plan (ACL). Additionally, OIG plans to work on matters that pertain to both the Office's functional areas and departmental initiatives, such as the utilisation of federal funding by State and local governments.
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flash receives a distribution of long-term capital gain property worth $40,000 (basis to the s corp of $10,000) from the s corporation in which he is a 50% shareholder (never previously a c corporation). flash's basis in the s corporation before the distribution was $52,000. what is flash's basis after the distribution?
Flash's basis in the S corporation after the distribution will be equal to $27000.
Within any organization or firm, there are multiple shareholders of the firm. Each shareholder has a share in the company's profit and even has the say whenever any important decision has to be taken. Flash is also a shareholder in S corporation. Now, at first Flash increases his basis by 50% of the gain on property distribution by S corporation. This is expressed as
Increased basis = (Capital worth - Basis to S corporation) × 50%
Increased basis = ($40000 - $10000) × 0.5
Increased basis = $15000
Now, Flash reduces the basis as
Reduced basis = Basis before distribution + Increased basis - Capital worth
Reduced basis = $52000 + $15000 - $40000
Reduced basis = $27000
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management at microsoft is considering a new tablet product line that requires expertise that the current engineering group does not have. as a result, the engineering group sees management as a threat. such perceptions of management as the enemy can lead to
As a result, the engineering group sees management as a threat. Such perceptions of management as the enemy can lead to disruption in achieving goals.
The psychology of the company's executives affects disruption. Leadership will be rewarded if they can spot a chance for disruption and act quickly to counteract another disruptive company.
Enhanced agility. The tech firms that pioneered the disruption trend have a reputation for being adaptable, innovative, and agile. They are more future-ready because they have flat organizational structures and less hierarchy. Companies that adopt the disruption ethos will gain similar advantages.More potential for development You'll probably notice growth opportunities when you're keeping an eye out for disruption. These new sales channels, markets, or products may not be truly disruptive innovations, but they can still help you scale your business and increase revenue.Learn more about Business, here
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which one of the following is a correct statement? group of answer choices exercise of warrants results in more outstanding shares of stock, while exercise of listed call options does not.
The group of answer choices exercise of warrants results in more outstanding shares of stock, while exercise of listed call options does not. D) I only
Because it is true that, Exercise warrants result in more outstanding shares of stock, while the exercise of listed call options does not.
Stock shares are a fixed percentage of ownership. Stock price fluctuations serve as a gauge of investor sentiment. Even though the price of a share may fluctuate over time, you are always paying for the same percentage of ownership.
Types of Stock in Share
The meaning of the word "share" might vary based on the rights that shareholders are granted. Most buyers of common shares will do so through a broker. There are other sorts of shares to take into consideration, though.
The fundamental voting rights and dividend rights of other common stockholders are included with ordinary shares.
In the case of insolvency, preferred shares represent stock with a greater dividend or priority payout and a claim prioritizing assets. They are frequently non-voting shares given to early-stage partners and investors.
Ordinary and preferred shares have more rights than deferred shares, which normally get dividends or liquidation distributions last. After a specific date or when the owner achieves certain criteria, they often convert to ordinary shares.
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mila thinks her boss, elliot, is a very effective leader. when mila is asked whether elliot is collegial and professional with his peers, she says yes, even though she's never actually observed elliot around his peers. this issue is most relevant to which theory of leadership?
Mila thinks her boss, elliot, is a very effective leader even though she's never actually observed Elliot around his peers. This issue is most relevant to implicit-leadership theory.
What are the three main theories of leadership?
The Great Man Theory, the Trait Theory, and the Behavioral Role Theory are three of the most important leadership theories. Because leadership is such a vast idea and term, there are many different viewpoints and theories about it.
Why is the theory of leadership important?Theories of leadership describe how and why particular people develop to be leaders. They place emphasis on the personality traits and behaviors that people might adopt to develop their leadership abilities. Strong moral beliefs and ethics are among the top traits leaders list as necessary for effective leadership.
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explain why a firm's financial statements should be audited. what might happen if audits do not occur? discuss.
Failure to conduct an audit can have serious repercussions.If auditors fail to spot errors in your financial reporting, the issues could become catastrophic and lead to a company's demise.Even if the company survives, unresolved liabilities can accumulate to the point where dealing with them becomes a significant challenge.
Why is it necessary to audit financial statements?
The assurance that financial statements are presented accurately and in accordance with generally accepted accounting principles (GAAP) is the goal of a financial audit, which enables business owners to make confident business decisions.
Why are audits so crucial?
A review is significant as it gives believe ability to a bunch of budget summaries and gives the investors certainty that the records are valid and fair.A company's internal controls and systems may also benefit.
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no person may operate a large civil aircraft of u.s.-registry which is subject to a lease, unless the lessee has mailed a copy of the lease to the faa aircraft registration branch, oklahoma city, ok, within how many hours of its execution?
Within 24 hours of its implementation, to the Aircraft Registration Branch, no person may operate a big civil aircraft with a U.S. registry.
Which document is necessary while flying a civil aircraft registered in the United States?An Aircraft Registration Application, AC Form 8050-1, official ownership documentation, and the current registration cost are needed for this. Online forms and further details can be found at http://registry.faa.gov. Title 14 of the Code of Federal Regulations, Parts 47 and 48, contain regulations regarding aircraft registration.
What documents, as required by this regulation, must be carried on board by all US aircraft?They consist of a weight and balance report, registration certificate, operating restrictions, and airworthiness certificate. FAR 91.203 states that an aircraft must display a valid airworthiness certificate.
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a company issues 9%, 8-year bonds with a par value of $190,000 on january 1 at a price of $201,070, when the market rate of interest was 8%. the bonds pay interest semiannually. the amount of each semiannual interest payment is:
$190,000 × .09 × 6/12 year = $8,550
What is an interest payment?Interest is the fee you pay to borrow money or the fee you charge to lend money. Interest is often expressed as an annual percentage of the borrowed amount.
I = P * r * T is the formula that loan calculators employ in plain English. The principal amount multiplied by your interest rate multiplied by the number of years equals the amount of interest.
Why do we pay interest, exactly?Thus, interest protects against potential inflationary hikes. A lender, like a bank, uses the interest to pay account fees as well. In exchange for being able to spend money immediately rather than having to wait years to save enough, borrowers must pay interest.
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what is the accounting treatment for the discovery of a material error in a previous year? multiple choice question.
The accounting treatment for the discovery of a material error in a previous years' financial statements are restated.
Define financial statement.Financial statements are written records that outline a company's operations as well as its financial success. Government organizations, accounting firms, and other entities frequently audit financial statements to assure their accuracy and for reasons related to taxes, financing, or investment. Financial statements are official records of a company, an individual, or another entity's financial transactions and standing.
The health and success of a company's finances are shown by its financial statements. The cash flow statement, balance sheet, and income statement are the three fundamental financial statements. Financial statements offer a quick glance into the state of a company's finances and include information on its operations, profitability, and cash flow. Financial statements are crucial since they reveal details about a company's earnings, costs, profitability, and debt.
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a manufacturing plant has a potential production capacity of 1,000 units per month (capacity can be increased by 10% if subcontractors are employed). the plant is normally operated at about 80% of capacity. operating the plant above this level significantly increases variable costs per unit because of the need to pay the skilled workers higher overtime wage rates. for output levels up to 80% of capacity, variable cost per unit is $100. above 80% and up to 90%, variable costs on this additional output increase by 10%. when output is above 90% and up to 100% of capacity, the additional units cost an additional 25% over the unit variable costs for outputs up to 80% of capacity. for production above 100% and up to 110% of capacity, extensive subcontracting work is used and the unit variable costs of these additional units are 50% above those at output levels up to 80% of capacity. at 80% of capacity, the plant's fixed costs per unit are $50. total fixed costs are not expected to change within the production range under consideration.
When Q = 500, TVC = $100*500 = $50000
Total cost is the sum of total fixed cost and total variable cost.
TC = TFC + TVC = $40000 + $50000 = $90000
ATC is TC per unit of output.
ATC = TC/Q = $90000/500 = $180
AFC is FC per unit of output.
AFC = TFC/Q = $40000/500 = $80
AVC is TVC per unit of output.
AVC = TVC/Q = $50000/500 = $100
Marginal cost is change in TC due to change in Q. For first level of output, MC does not exist as there is no change.
When Q = 600, TVC = $100*600 = $60000
TC = TFC + TVC = $40000 + $60000 = $100000
ATC = TC/Q = $100000/600 = $166.67
AFC = TFC/Q = $40000/600 = $66.67
AVC = TVC/Q = $60000/600 = $100
MC = Change in TC = $100000 - $90000 = $10000
When Q = 700, TVC = $100*700 = $70000
TC = TFC + TVC = $40000 + $70000 = $110000
ATC = TC/Q = $110000/700 = $157.14
AFC = TFC/Q = $40000/700 = $57.14
AVC = TVC/Q = $70000/700 = $100
MC = Change in TC = $110000 - $100000 = $10000
When Q = 800, TVC = $100*800 = $80000
TC = TFC + TVC = $40000 + $80000 = $120000
ATC = TC/Q = $120000/800 = $150
AFC = TFC/Q = $40000/800 = $50
AVC = TVC/Q = $80000/800 = $100
MC = Change in TC = $120000 - $110000 = $10000
90% of full capacity = (90/100)*1000 = 900
Hence, for output more than 800 and upto 900, variable cost increases by 10%. Hence, variable cost becomes
$100 + 10% of $100 = $100 + (10/100)*100 = $100 + $10 = $110
When Q = 900, TVC = $110*900 = $99000
TC = TFC + TVC = $40000 + $99000 = $139000
ATC = TC/Q = $139000/900 = $154.44
AFC = TFC/Q = $40000/900 = $44.44
AVC = TVC/Q = $99000/900 = $110
MC = Change in TC = $139000 - $120000 = $19000
100% of full capacity = 100% of $100 = $100
Hence, for output more than 900 and upto 1000, variable cost increases by 25% of $100. Hence, variable cost becomes
$100 + 25% of $100 = $100 + (25/100)*100 = $100 + $25 = $125
When Q = 1000, TVC = $125*1000 = $125000
TC = TFC + TVC = $40000 + $125000 = $165000
ATC = TC/Q = $165000/1000 = $165
AFC = TFC/Q = $40000/1000 = $40
AVC = TVC/Q = $125000/1000 = $125
MC = Change in TC = $165000 - $139000 = $26000
110% of full capacity = 110% of $100 = $110
Hence, for output more than 1000 and upto 1100, variable cost increases by 50% of $100. Hence, variable cost becomes
$100 + 50% of $100 = $100 + (50/100)*100 = $100 + $50 = $150
When Q = 1100, TVC = $150*1100 = $165000
TC = TFC + TVC = $40000 + $165000 = $205000
ATC = TC/Q = $205000/1100 = $186.36
AFC = TFC/Q = $40000/1100 = $36.36
AVC = TVC/Q = $165000/1100 = $150
MC = Change in TC = $205000 - $165000 = $40000
The total capacity is 1000 units. At 80% of capacity, the production is
(80% of 1000) = (80/100)*1000 = 800
When output is 800, fixed cost per unit is $50. Hence, total fixed cost is
TFC = $50*800 = $40000
Since fixed cost does not change with change in output, the TFC remains at $40000 for each level of quantity.
For output upto 80% of capacity, i.e., for output upto 800 units, the variable cost per unit is $100.
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interest rate fundamentals: the real rate of return carl foster, a trainee at an investment banking firm, is trying to get an idea of what real rate of return investors are expecting in today's marketplace. he has looked up the rate paid on 3-month u.s. treasury bills and found it to be
Real Return= nominal rate of return - inflation rate which is 5.5% - 3%. Thus, the approximate real rate of return is 2.5%.
Inflation is advantageous to whom?Collectors. In the past, collectibles like fine art, wine, or baseball cards have benefited from periods of inflation when the dollar's purchase value declined. Investors frequently choose hard assets, which are more likely to hold their value amid market turbulence, during periods of high inflation.
With such tremendous inflation, where should I put my money?Long-term returns on investments in stocks typically outperform inflation, but those in commodities, TIPS, I-bonds, or real estate can only be used as further diversification in a portfolio. Long-term bonds will be impacted if interest rates start to climb, whereas cash sitting on the sidelines would always lose value.
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sol and thom agree to form a partnership to sell real property. to be enforceable, their agreement must be
Sol and Thom agree to form a partnership to sell real property. To be enforceable, their agreement must be: B. in writing.
What is a contract?In Business management, a contract can be defined as a formally written agreement between two or more parties such as a group of people, team, employees and employers, etc., which primarily gives rise to a mutual legal obligation that is enforceable by law across specific jurisdiction in the world.
What is a partnership?A partnership can be defined as a type of business ownership in which two or more individuals come together to start up a business and share the profits made together, usually under a signed contractual agreement (contract) between all of the parties involved.
In conclusion, an agreement must be in writing before it can be legally enforced by both parties in accordance with contract law.
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Complete Question:
Sol and Thom agree to form a partnership to sell real property. To be enforceable, their agreement must be
all of the choices.
in writing.
filed in the appropriate state office.
signed by a witness.
Based on the legal contract principles, when sol and them agree to form a partnership to sell real property. to be enforceable, their agreement must be in writing.
What is a Written ContractA Written contract is a legal term that is used to describe the type of agreement in which the details of the contract are printed in a document.
In a written contract, the agreement between two or more parties is legally binding document, which is also more enforceable than oral agreements.
In this case, for sol and thom agree to form a partnership to sell real property. to be enforceable, their agreement must be in writing.
Hence in this case it is concluded that the correct answer is that their agreement should be in written form or a form of Written Contract.
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the financing method that involves an interest-bearing instrument, usually a loan, the payment of which is not directly related to the sales and profits of the venture is referred to as
Debt financing is a kind of financing that involves an interest-bearing instrument, usually a loan, the payment of which is not directly tied to the venture's sales and earnings.
What Exactly Is Financing?The process of supplying funds for commercial activities, purchases, or investments is known as financing. Banks and other financial institutions are in the business of providing capital to businesses, consumers, and investors to help them achieve their objectives. Financing is essential in any economic system because it allows businesses to purchase things that are out of their immediate reach. To put it another way, financing is a method of leveraging the temporal value of money (TVM) to put future predicted money flows to use for initiatives that begin now. Financing also takes advantage of the fact that some people in an economy will have a surplus of money they want to put to work to generate returns, while others will need money to invest, creating a market for financing.
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what amounts will flay report for net income in its 2019–2021 comparative income statements? (enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
net income Flay will provide comparative income statements for 2019 to 2021 that show net income of $ 80.
How are net profits determined?Net income is calculated by first deducting expenses like interest and taxes payments from gross income, which is total amount of funds produced. A person's net income, as opposed to their gross income, is the amount they actually receive from each paycheck after payroll deductions.
What are earnings and net earnings?Gross income is the sum of all the money made from selling goods and services during a specific time period. Net income is the remaining profit after all costs have been deducted from gross income. The financial health of your company can be understood only once you are aware of the differences between the two.
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narton corp has provided the following information for a machine whose limited capacity is prohibiting the company from producing and selling additional units: actual run time this week 4,550 minutes machine time available/week 6,500 minutes actual run time this week 3.8 units per minute ideal run rate 4.0 units per minute defect-free output this week 16,000 units total output this week (including defects) 17,290 units
For a machine whose limited capacity is prohibiting the company from producing and selling additional units, 37.87% is the machine's OEE.
OEE (Overall Equipment Effectiveness) calculation:
OEE= Utilization rate * Efficiency rate * Quality rate. The utilization rate is calculated as follows: Operating time/Scheduled time = 4550/6500*100 = 70%.
The efficiency rate is calculated as follows: (total output*ideal run rate) / Operating time (17290 / 6.5) / 4550 = 2660/4550 = 58.46 percent. Good units produced divided by total units produced gives a quality rating of 16000/17290 or 92.54 percent.
OEE is calculated as follows: 70% * 58.46% * 92.54% = 37.87%.
The overall equipment effectiveness of a manufacturing operation is a measurement of how well it is used in comparison to its full potential during the times when it is scheduled to run. It determines how much of the time spent manufacturing is actually productive.
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a recent survey of u.s. households asked if they could come up with $2,000 for an unexpected expense. approximately what percent of all american consumers said that they could probably not or certainly not be able to come up with $2,000 in an emergency?
The percentage of Americans who could not be able to come up with the amount of money in an emergency is 32.8 percent.
What is a financial emergency?Any situation that necessitates consultation or coordination from the Authorities and in which the financial or operational condition of an Entity has been materially compromised, or can reasonably be expected to be materially compromised, in a way that is likely to have an impact on its cross-border operations, is referred to as an emergency situation.
A financial crisis is any of a wide range of circumstances where some financial assets unexpectedly lose a significant portion of their nominal value.
Various circumstances that are frequently referred to as financial crises include currency crises, sovereign defaults, stock market crashes, and the deflation of other financial bubbles. Financial crises directly cause a loss of wealth on paper, but they do not always have a big impact on the real economy.
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over time, while large-scale entry is more profitable in the short-run, small-scale entry becomes more profitable in the long-run.
Over time, while large-scale entry is more profitable in the short-run, small-scale entry becomes more profitable in the long-run. This statement in the false. Thus, option (b) is correct.
What is large-scale entry?
Large scale market entry indicates rapid entry and provides first mover benefits such as market acquisition, economics of scale, and cost advantages. A smaller-scale introduction helps the firm to steadily grow while becoming more acquainted with the marketplace and period following to it.
According to the scale of entry, are the based on the large-scale entry and the small-scale entry. The small-scale entry is the foreign market based not the long run.
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mastertech furniture company makes chairs. when walmart orders finished chairs from mastertech, it creates what type of demand on inventory?
It creates independent type of demand on inventory. When the demand for one item does not depend on the desire for another item, that item is said to fall under the category of independent demand.
Final products Independent demand items are those that are produced for stock and sale or ordered by external customers. Based on demand, the "economic order quantity" method determines the best quantity of inventory to order at a given time. If your demand is constant at, let's say, 2,400 units annually, you would multiply that number by two and then by the price of ordering one unit.
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wildhorse supply does not segregate sales and sales taxes at the time of sale. the register total for march 16 is $10,706. all sales are subject to a 6% sales tax. (a1) compute sales taxes payable. sales taxes payable $enter sales taxes payable in dollars
A sales tax is a fee that is paid to the government when specified goods and services are sold. Typically, laws permit the vendor to charge the customer the tax at the time of purchase. Use taxes are typically used to describe taxes on goods and services that consumers pay directly to a governing authority.
What is the sale tax formula?
Total Sales Tax = Cost of Item x Sales Tax Rate is the formula used to determine sales tax.
What are the sales taxes payable here?
Sales tax payable= Total amount * sales tax rate/100+ sales tax rate
= $10, 388 *6%/100%+ 6%
= $10,706 *6/106
$606
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The term _____________ describes a situation where a ________________ causes a reduction in the buying power of income, even though actual income has not changed.
A. substitution effect; lower price
B. intertemporal budget; higher price
C. income effect; higher price
D. intertemporal budget; lower price
The right answer is C. The term "income effect" describes a situation in which a higher price causes a reduction in the purchasing power of income, even while actual income is unchanged.
What does income effect mean?The income effect in microeconomics refers to the following change in demand for a good or service caused by an adjustment in a consumer's actual income or purchasing power. According to the income impact, when people's incomes increase, they will start to want more (and vice-versa).
Recognizing the Income EffectThe income effect describes how shifts in relative market prices and incomes have an impact on consumer spending habits for products and services. The idea of consumer choice connects preferences to consumption expenditures and curves of customer demand. Consumers will want to purchase more of the typical economic goods as real consumer income rises.
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question content area part 1 if, when a firm doubles all its inputs, its average cost of production increases, then production displays part 2 a. diminishing returns. b. economies of scale. c. declining fixed costs. d. diseconomies of scale.
When a firm doubles all its inputs, its average cost of production increases, then the production displays are economies of scale.
What are economies of scale?Economies of scale are the cost advantages that businesses gain as a result of their size of operation in microeconomics. They are commonly quantified by the amount of product generated in a given amount of time. Technical, statistical, organizational, or other elements that are related to the level of market control may form the basis of economies of scale. Only a portion of the idea has been explained here. Economies of scale can be applied to a range of organizational and commercial scenarios and at different levels, such as a production, facility, or an entire enterprise. Adam Smith is credited with developing the concept of economics, who proposed that division of labor may increase output returns.
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if a $10,000, 12%, 10-year bond that pays interest annually sells at an amount greater than face value, the market rate of interest would be percent. 8 15 20 18
The market rate of interest would be 8%. (first option)
What is the market rate of interest?A bond is a debt instrument that is used by companies to raise capital for its operations. Bondholders earn an interest on the amount invested. The interest that would be earned depends on the coupon rate of the bond.
If the market rate of intis less than the bonds coupon rate the bond is selling at a premium. Bond issuers would receive a greater sum than the face value of the bond as payment when the bond is sold.
Thus, the market interest rate of the bond would be less than 10%. The only option that is less than 10% is 8%.
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recessions will most likely be less severe if tax revenues and transfer payments automatically change in which of the following ways?recessions will most likely be less severe if tax revenues and transfer payments automatically change in which of the following ways?
Recessions would be less severe if tax revenues and transfer payments were to be changed such that D. Tax revenues decrease, and transfer payments increase.
How can tax revenue help recessions ?Tax revenues can help recessions to be less severe if they are done such that taxes are lower. This leaves more money for people to be able to spend in the tough economic situation.
Transfer payments should be increased also as this would help to put money into the pockets of households. This would allow them to be able to consume more, and thus feel the effects of recession less.
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Options for this question are :
Tax revenues increase, and transfer payments increase.Tax revenues decrease, and transfer payments decrease.Tax revenues increase, and transfer payments decrease.Tax revenues decrease, and transfer payments increase.Tax revenues do not change, and transfer payments decrease.