The answer is false. The cost of a good or service in a market determines the quantity that customers want. When non-price factors are eliminated from the equation.
It is evident that higher prices cause a decrease in the quantity demanded while lower prices cause an increase in the quantity demanded. the effect that a change in value has on the market's customers demand for a given good or service. The substitution impact plus the income effect make up the pricing effect. The quantity effect is the drop in revenue as a result of the decrease in quantity required brought on by the price rise.
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according to the keynesian cross model, if the marginal propensity to consume is 2/3, an increase in government purchases of $120 billion increases equilibrium income by a. $160 b. $180 c. $240 d. $360
The Keynesian Cross Model states that when the marginal propensity to consume is $360 Option B is Correct
The equilibrium level of real GDP is determined by the point at which the total or aggregate expenditures in the economy equal the amount of output generated, according to the The Keynesian cross diagram is a common name for the expenditure-output model. This is where the term "Keynesian cross" originates since it basically compares anticipated expenditures to the equilibrium line, or what I refer to as the equilibrium line, because at each of these places, income and spending are equal. Income and spending are equal right now.
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Loucks Company established a $380 petty cash fund on October 2, 2021. The fund is replenished at the end of each month. At the end of October 2021, the fund contained $99 in cash and the following receipts:
Orice supplies 132
Advertising 94
Postage 38
Miscellaneous 37
Required: Prepare the necessary general Journal entries to establish the petty cash fund on October 2 and to replenish the fund on October 31.
It is the balance in your account prior to the addition of any pending charges. The amount you have available for withdrawals or purchases is known as your available balance.
How is the term amount classified?As was said above, "amount" can be either a noun or a verb. Noun usage Give the dish a few drops of water. Noun usage Dogs have various quantities of need.
What is the only way you utilize amount?Write "1,000 and one hundred alone" if you're paying, say, Rs. After the sum, it's crucial to write "only." Fraud can also be avoided in this way. In the aforementioned example, the quantity would become Rs 1,199. of food if "only" was not written after 1,000 and 100. using the verb
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An office building which generates $260,000 in Net Operating Income is advertised for sale at a price of $3,250,000. After meeting with your lender they offer agreed to originate a loan of $2,600,000 which carries a 7% interest rate and a 30-year amortization period. Your lender confirms the annual debt service for your loan will be $209,525.(a). Calculate the Cash Throw-Off for this investment. What is the significance of the Cash Throw-off to an investor (i.e. what does it mean to them)? Show your work and briefly explain your reasoning(b). Calculate the Equity Analysis as shown in Lecture for this investment. What does the equity analysis tell an investor? Show your work and briefly explain your reasoning.(c). Calculate the Cash-on-Cash Return for this investment. What is the significance of the Cash-on-Cash Return to an investor (i.e. what does it mean to them)? Show your work and briefly explain your reasoning.
The Equity Analysis as shown in Lecture for this investment. What does the equity analysis tell an investor.If a lender offers a 30-year self-amortizing loan structure with a 7% annual interest rate, the most loan you could reasonably anticipate to obtain is around $1,076,200.
Net operational income divided by total debt service is the debt coverage ratio. 1.3 = $111,700 for the entire debt service.Total debt service equals $111,700 / 1.3, or $85,923.0769.Monthly payment equals total debt service divided by 12: 85,923.0769 divided by 12: 7160.25641. Periodic rate is equal to rate / 12 (7% / 12), or 0.5833%.Years = number of periods, "12 = 30 * 12 = 360.Present value is calculated as follows: Monthly payment * (1- (1/ (1+ rate time) /rate 0.5833%)360)/0.5833% 0.005833 (1.005833)360) /0.005833 0.005833 = 7160.25641 * (1- (1/ (1+ 0.005833 = 7160.25641 * (1-(1/ =7160.25641 *(1-(1/ 8.116497 borrowed.
=7160.25641* (1- 0.1232 ) /\s=7160.25641 *( 0.876794) /\s= $1,076,240.7269.A loan is defined as the lending of money by one or more persons, organisations, or other entities to additional people, firms, or other entities. The recipient incurs a debt and is normally responsible for paying interest on it until it is repaid in addition to the principal.
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An asset fitting into the 7-year MACRS category was purchased two years ago for $80,000. The book value of this asset is now________. (Do not round intermediate calculations.)
According to the Modified Accelerated Cost Recovery System (MACRS) Tables, an asset falling under the MACRS 7-year class will depreciate at a rate of 14.28% and 24.29% over the first two years. As a result, we have:
What exactly does the term "accumulated depreciation" on the balance sheet mean?Accumulated depreciation is the cumulative amount of depreciation that has been assessed against the value of an asset. Fixed assets are shown on the balance sheet as a negative, while accumulated depreciation is denoted on the sheet as a credit, offsetting the asset.
How are accrued amounts for depreciation determined?The cumulative depreciation, as opposed to the depreciation expenditure, which is the amount recognized each period, is the entire amount of depreciation since the date of purchase. Since the accumulated depreciation account is an asset with a credit balance, it is viewed as a counter asset.
Accumulated depreciation rate = 14.29% + 24.29% = 38.78%
Accumulated depreciation = Cost of the asset X Accumulated depreciation rate = $80,000 * 38.78% = $31,024
Net book value of the asset = Cost of the asset - Accumulated depreciation = $80,000 - $31,024 = $48976
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consider the production of copper pipes that can be represented by a production function that is cobb-douglas. such a production function represents production where capital and labor
The production of copper pipes can be represented by a production function that is Cobb-Douglas. such a production function represents production where capital and labor are represented by isoquants that are straight lines. Option B
What is the production function?Generally, A production function is the greatest set of output(s) that can be created with a given set of inputs. This maximum set of output(s) is known as the production function. Utilization of a production function denotes an effective use of technology.
The production function is represented by the following formula: Q = f(K, L, P, H), which states that the quantity produced is a function of the total amount of each ingredient that is put into production. Of course, not every company needs the same amount or kind of inputs, which are both elements in the manufacturing process.
A Cobb-Douglas production function is an appropriate model to use when attempting to describe the manufacture of copper pipes. One kind of production function depicts production in which capital and labor are represented by isoquants in the form of straight lines. Alternative B
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CQ is attached
refusing to raise the pay of good workers just because they are black or hispanic is an example of a. racial discrimination. b. sexism. c. affirmative action. d. reverse discrimination.
refusing to raise the pay of good workers just because they are black or hispanic is an example of racial discrimination
Any type of discrimination against a person based on their race, ethnicity, or skin color is referred to as racial discrimination. People can discriminate by refusing to interact socially, conduct business with, or share resources with members of a particular group. Governments may discriminate implicitly or formally, for instance through racial segregation policies, unequal application of the law, or unequal resource distribution. Anti-discrimination laws in several jurisdictions forbid the government or people from doing so under a variety of conditions based on race (and occasionally other considerations).
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Oil prices are denominated in terms of _____ in international commodities markets.
Oil prices are denominated in terms of dollars in international commodities markets.
Which market definition is most precise?Major conclusions. The exchange or transaction of goods and services can be sped up by bringing buyers and sellers together in a market. An actual market, like a physical store, or a virtual market, like an internet retailer, are both acceptable. Other examples include the black market, auction markets, and financial markets.
What is the importance of a market?Markets play a significant impact. They enable businesses to obtain capital and serve as a platform for buying and selling corporate stock. Markets are essential for the formation of prices, the transformation of liquidity, and the ability of companies to satisfy consumer demands.
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Priscilla owns a factory that produces kayaks. She is trying to decide whether to continue using her one of her current pieces of equipment or replacing it with more updated equipment. Which of the following does Priscilla not need to consider?
a. cost of the new equipment. b. the book value of the old equipment. c. annual operating cost of the new equipment d. book value of the old equipment
D. Cost of old equipment will be irrelevant for Priscilla for buying new machine.
When evaluating the costs of repairing or replacing, always keep the long term in mind. When purchasing a new piece of equipment, take into account the price of the item, its lifespan, potential salvage value, operational costs, and any potential revenue growth.
Take into account an item's remaining useful life, maintenance expenses, market worth, and potential salvage rate. Equipment doesn't age gracefully. Your equipment will require more extensive maintenance the older it is.
Higher maintenance expenditures are frequently the result of this. The equipment will provide you a decreasing return on your repair investment as you carry on making repairs.
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a u.s. grocery chain borrows money to buy a warehouse in ohio and another in italy. borrowing for which warehouse(s) is included in the demand for loanable funds in the u.s.?
This crossword clue for Classic U.S. grocery chain was last seen in the NY Times Mini Crossword on March 22, 2022. The crossword puzzle's potential solution consists of 5 letters.
This is the response for the letter at the end of P that begins with the letter A. We believe that AANDP could be the solution to this puzzle. Seller's Bros., a Hispanic chain in southern Florida (Houston, Texas) The Super (Los Angeles, southern Nevada and Phoenix) La Belle (Los Angeles, southern Nevada) Mexican foods are sold online by Super Market Mexico; Hispanic supermarket chain Superior Super Warehouse is located in southern California.
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question content area part 1 the mexican peso is trading at pesos per dollar. if the expected u.s. inflation rate is % while the expected mexican inflation rate is % over the next year, given ppp, what is the expected exchange rate in one year? the expected exchange rate is pesos per dollar. (round your response to two decimal places.)
9.11 pesos per dollar (8 X (1.15/1.01)= 9.11) is the expected exchange rate.
When there is inflation, what happens to the pesos?A lower peso would cause overall inflation and higher product costs. When the price of products rises, the average person may spend less on the same thing. The value of the peso decreases as it appreciates against the US dollar. Additionally, gas prices and interest rates may rise.
What is the expected exchange rate?the rate at which two currencies are expected to trade on the spot market at a specific time in the future. It differs from the current spot rate mostly in terms of how different the inflation expectations for the two currencies are.
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frank riley just purchased a bond that is unsecured and is secondary to other unsecured bonds with respect to interest payments or repayment at maturity. what type of bond has frank purchased?
The type of Bond purchased by Frank in the given scenario is a subordinate debenture bond.
What is a Subordinate Debenture Bond?A subordinated debt, also known as a subordinated debenture, is an unsecured loan or bond that has a lower priority than other, more senior loans or securities with respect to claims on assets or earnings. Consequently, subordinated debentures are included in the category of junior securities.
Last but not least, interest rates on subordinated debentures are higher than those on other debentures issued by the same corporation since they carry more risk than straight debentures.
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successful firms are very careful in selecting the work to be outsourced. if expectations and requirements are fuzzy or open to debate, working together can become very difficult. the following are ways to clarify requirements and procedures except A. Make sure that different firms' project management systems are integrated.
B. Contract only work with clearly defined deliverables with measurable outcomes.
C. Establish who has access to certain information through robust safeguards.
D. Make sure communication is well structured and interactions are managed to avoid confusion.
E. Document your requirements.
Successful firms are very careful in selecting the work to be outsourced. if expectations and requirements are fuzzy or open to debate, working together can become very difficult. the following are ways to clarify requirements and procedures except Document your requirements.. Option E.
What does it mean to outsource work?The practice of employing a third party from outside a business to carry out tasks or produce commodities that were previously completed in-house by the business's own employees and personnel is known as outsourcing.
Outsourcing is a contract in which one company contracts another company to handle a planned or ongoing operation that is being or might be handled internally. It occasionally entails the transfer of assets and people from one company to another.
The best instances of outsourcing are in advertising, office and warehouse cleaning, and website creation. The majority of business owners assign control to outside professionals for tasks like bookkeeping, maintenance, and hiring. This enables businesses to concentrate the majority of their resources on the primary operation.
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How can James free up more money to pay down his credit card debt?
O He has to pay less in rent each month.
O He has to complete an income statements every month.
O He has to start contributing to his 401(k).
O He has to cut back on other expenses
To be able to free up money to pay down credit card debt, James D. has to cut back on other expenses.
How to free up money for credit card debt?To be able to free up cash for debts, a person would have to cut back on their non - essential expenses. These are the only other source of income that people can take from and not really impact their way of life. This means that if James is to free up money to pay down the credit card debt he has, then he needs to cut back on the expenses that he has.
The rent on the other hand, cannot be reduced because it is not determined by James. If he was to pay less rent, he might be classified a bad tenant which can affect his credit score. Completing an income statement every month would help with budgets, but it wouldn't help one pay back credit card debt directly.
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1. He is spending more money than he makes.
2. He has to cut back on other expenses.
3. It is a listing of what an individual owns minus what they owe.
4. an antique vase valued at $125,000
5. capital
Explanation: I took the same quick check and got 100%, hope this helps!
are small business owners at a disadvantage if they lack the marketing research resources large companies have why or why not?
For many business owners, starting a small business is difficult. They concentrate on producing high-quality goods and services that benefit the intended customers.
A tiny business defines itself as such by its employment and income, which can range from $1 million to over $40 million (from 100 to over 1,500 employees). For instance, a roofing contractor is considered a small business by the SBA if its yearly sales is $16.5 million or less. Small firms account for 43.5% of the US gross domestic product and two-thirds of new jobs (GDP). Small businesses not only maintain the economy but also set the standard for innovation. In comparison to large patenting companies, small enterprises issue 16 times more new patents per employee. Small businesses support the development of technical expertise and handicrafts. These companies make money overseas by exporting their goods. Economic power flows through a variety of sectors, preventing it from being concentrated in a small number of hands. These companies advocate for a more equitable distribution of the nation's income.
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Lanman, Inc., estimates its hidden external failure costs using the Taguchi loss function. Lanman produces plastic sheets that vary in thickness and grade. For one of its large-volume products, it was determined that k = $32,000 and T = 0.28 inches in diameter. A sample of four units produced the following values: Unit Actual Diameter No. (y) 1 0.28 2 0.30 3 0.25 4 0.28 Required: 1. Calculate the average loss per unit. Round your intermediate calculations to six decimal places. If required, round your answer to the nearest cent and use the same in subsequent requirements. $ per unit 2. Assuming that 100,000 units were produced, what is the total hidden cost? $ 3. Assume that the multiplier for Lanman's hidden external failure costs is six. What are the measured external costs?
Assume that the multiplier for Lanman's hidden external failure costs is six.
In macroeconomics, a multiplier is a thing of proportionality that measures how a lot an endogenous variable adjustments in reaction to a exchange in a few exogenous variable. for instance, assume variable x changes by way of ok gadgets, which causes any other variable y to change by using M × okay units. Then the multiplier is M. multipliers are commonly discussed in introductory macroeconomics.
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on august 3, cinco construction purchased special-purpose equipment at a cost of $1,000,000. the useful life of the equipment was estimated to be eight years, with an estimated residual value of $50,000. a. compute the depreciation expense to be recognized each calendar year for financial reporting purposes under the straight-line depreciation method (half-year convention). b. compute the depreciation expense to be recognized each calendar year for financial reporting purposes under the 200 percent declining-balance method (half-year convention) with a switch to straight-line when it will maximize depreciation expense. c. which of these two depreciation methods (straight-line or double-declining-balance) results in the highest net income for financial reporting purposes during the first two years of the equipment’s use?
The straight-line method of depreciation is the one in which depreciation is calculated based on the fixed asset's purchase price. Every year, the cost of depreciation stays the same. Depreciation is also affected by salvage value.
In the first two years after purchasing the asset, the straight-line method will result in the highest net income. because the double declining method's initial years of asset depreciation are significantly higher than those of the straight-line method.
How is straight-line depreciation calculated?Straight-line depreciation is calculated using the following formula: Straight-line depreciation equals the asset's cost divided by its estimated salvage value divided by its estimated useful life. Where: The asset's initial purchase or construction cost, as well as any associated capital expenditure, is the asset's Cost of Asset.
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nola and charles both own party planning firms in the small town of trident, ia. because they are the only party planners in town, they want to collude to make the price of party planning high. classify the scenarios according to whether they are more likely to aid or impede nola and charles in colluding. a. a party planning school opens and the new graduates are ready to plan. this will nola's and charles' efforts to collude. b. charles and nola both charge a fixed price per person for a party. this will nola's and charles' efforts to collude. c. charles develops a signature appetizer that becomes the must-have appetizer in trident. this will nola's and charles' efforts to collude. d. nola lowers her price on national television. this will nola's and charles' efforts to collude. e. nola and charles are regulars at the same coffee house. they talk regularly. this will nola's and charles' efforts to collude. f. nola's marginal cost is lower than charles's. this will nola's and charles' efforts to collude. g. most of the parties are given by trident's largest employer, a water bottling plant. this will nola's and charles' efforts to collude.
Collusion refers to mixtures, conspiracies or agreements amongst sellers to elevate or restoration prices and to reduce output as a way to boom earnings.
Context. As wonderful from the term cartel, collusion does no longer always require a proper settlement, whether or not public or non-public, between individuals.
Help Collusion
Nola and Charles are regulars at the samecoffee house. They talk regularly.
Charles and Nola both charge a fixed perperson price for a party.
Impedes Collusion
Nola lowers her price on nationaltelevision.
Nola’s marginal cost is lower thanCharles’s.
Most of the parties are given by Trident’slargest employer, a water bottling plant.
A party planning school opens and the newgraduates are ready to plan.
Charles develops a signature appetizer thatbecomes the must have in Trident.
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taking a class to improve your interviewing skills the semester before you begin your job search would fall into which of the quadrants in stephen covey's quadrant ii time management system®?
Taking a class to improve your interviewing skills the semester before you begin your job search would fall into Quadrant II in Stephen Covey's Quadrant II Time Management System.
What is Stephen Covey's principle of managing time?The Stephen Covey Time Management Matrix is a great tool for focusing your attention on what matters most. Create time to focus on important things before they become urgent, according to Stephen Covey's time management philosophy. This simply entails starting tasks sooner sometimes.
The real skill is investing time in procedures that make tasks easier, quicker, or ensure that they are completed automatically. The time management quadrants are as follows: Important and urgent in quadrant one. Quadrant 2: Not urgent, but still significant. Third quadrant: urgent but unimportant. Not urgent or significant in quadrant 4.
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petros is the marketing manager for a pharmaceutical company. his team relies on a combination of personal selling and sales promotions directed toward pharmacies and medical facilities. this is an example of which of the following?
The marketing manager (Petros) of a pharmaceutical company and his team rely on a combination of personal sales and sales promotion aimed at pharmacies and medical establishments, an example of a promotion mix in marketing
What is the promotion mix in marketing?A promotional mix is a collection of different marketing approaches that marketers devise to optimize advertising efforts and reach a wider audience. The marketer's job is to find the right promotional mix for a given brand. A promotional mix is a combination of marketing methods, including advertising, sales, public relations, and direct marketing, to achieve a specific marketing objective. The promotional mix is usually only part of a larger marketing mix. You can choose a few methods or decide that a combination of all is the most effective for your campaign.
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On January 1. 2021, Pharoah Corp. purchased 30% of the voting common stock of Betz, Inc. and appropriately accounts for its investment by the equity method. During 2021, Betz reported earnings of $1400000 and paid dividends of $440000. Pharoah assumes that all of Betz's undistributed earnings will be distributed as dividends in future periods when the enacted tax rate will be 20%. Ignore the dividend-received deduction. Pharoah's current enacted income tax rate is 15%. The increase in Pharoah's deferred income tax liability for this temporary difference is
$192000
$73600
$57600
$144000.
Please see the response below for the given information: - Choice 3. The answer is "$57,600."
What does investing mean?
Creating an asset entails using cash now in the expectation that it will value later. An investment is putting resources to use, such as work, money, effort, etc., with the hope of receiving a larger return than what was initially invested. The easiest, simplest, and healthiest type of investment is a financial market deposit.
Which four sorts of investments are there?
There's many four main asset classes, the investment types, among that you can select. Both have special traits, risks, and benefits.
investments for growth.
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inequality in old age is not a random pattern but a consistent one. a person's is a major factor in her/his income security in old age. a. assets b. inheritance c. work history d. pension benefits
Age-related inequality follows a consistent trend rather than a random one. A person's pension benefits plays a significant role in the security of her or his income in old life. (Option D)
What does "pension benefit" mean?A pension plan is a benefit provided to employees that binds the company to regular contributions to a fund that is set up to pay out benefits to qualified workers after they retire.
A pension plan offers benefits to whom?A pension plan is a benefit provided to employees that binds the company to regular contributions to a fund that is set up to pay out benefits to qualified workers after they retire.
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an investment had a nominal return of 10.2 percent last year. the inflation rate was 3.7 percent. what was the real return on the investment?
The formula used to calculate the real return,
Real Return = Nominal Return - Rate of Inflation
10.2% - 3.7% = 6.5% in real return.
How is the nominal to real rate conversion done?The nominal interest rate is subtracted from the inflation rate to arrive at the real interest rate. The real interest rate is equal to the nominal interest rate less the inflation rate, to put it mathematically.
What is the rate calculation formula?Step 1: You must understand the interest equation I/Pt = r in order to determine your interest rate. I in this case stands for the amount of interest that was paid throughout the specified time period (month, year etc.) To figure out your basic interest rate, you should keep in mind this equation.
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what document assists provider offices with the development of compliance manuals? a. oig internal compliance plan b. oig work plan c. oig investigation plan d. oig compliance program guidance
OIG Compliance Plan Guidance assists provider offices with the development of compliance manuals.
Adhering to local, state, and federal rules and regulations in the workplace are known as compliance. Regardless of size, all firms are required to follow compliance rules. Additionally, they must adhere to particular requirements for worker safety, data privacy, and data security.
Following internal rules and processes that are compliant with state law is the goal of compliance. By putting compliance procedures into place, a business may reduce the risk to its reputation, advance its mission and values, and stop and identify infractions.
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If you noticed that one of your co-workers was stealing a very small amount of cash from the cash register each day, how would you handle this? What kind of consequences would you expect this action to be met with if reported? What personal ethics would come into play in your handling of this situation? Explain and describe what you would do and what personal ethics would be involved.
Noticing a cash embezzlement done by any colleague in work area then a personal ethics tend to be involved is loyal reporting to employer with quickly and decisively response.
What are Personal Ethics at work place?Personal ethics refers to a person's moral principles and directs individuals in their decisions both inside and outside of the workplace.
Specific moral values will impact a person on how he/she will respond to a particular situations at work and how deal with it while advancing career.
Thus if a person find his or her colleague doing cash register manipulation contact immediately the team leader or any superior for the benefit of company.
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venture capital limited has formed a private real estate syndication (a reoc) to acquire and operate the tower office building. venture will act as the general partner and will have 35 individual limited partners. the venture to be undertaken and relevant cost and financial data are summarized as follows:
The venture to be undertaken and relevant cost and financial data are summarized limited monetary responsibility. It is one of the benefits because the strain of effort and time would not be part of the investment.
If the it is successful you are making money even though you are not working. Your only responsibility is to contribute resources or money to the project.One sort of finance available through investors is venture capital. They do not do this for just any startup or business; instead, they finance those they believe will have long-term development potential and those they anticipate making a profit from.Startup businesses with growth potential require a specific sum of financing. Wealthy investors choose to put their money into these types of companies with the goal of long-term growth.The investors are referred to as venture capitalists, and this capital is known as venture capital.
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Using the standard 28/36 guidelines, what is the maximum mortgage payment allowed for someone with an annual salary of $60,750? a. $1,215.00 b. $1,417.50 c. $1,701.00 d. $1,822.50 please select the best answer from the choices provided a b c d
Using the standard 28/36 guidelines, the maximum mortgage payment allowed for someone with an annual salary of $60,750 Is $1,417.50.
Can I pay off my mortgage in full today?Your debt will be paid off, or amortized, as long as you make your regular monthly payments. However, paying more toward your principal can be a wonderful method to reduce the time it takes to repay your fixed-rate loan and the amount of interest you'll have to pay if it is within your financial means.
What is the UK mortgage ceiling?The amount of mortgages that mortgage lenders are permitted to provide at more than 4.5 times an individual's salary has an absolute limit set by the UK's Financial Conduct Authority (FCA).
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Julie manages a franchise restaurant and is analyzing the tips left at her location. From corporate informational material, she knows the overall population mean is $6. 85 with a standard deviation of $1. 25. Julie has a sample of 180 tips for her franchise. By the central limit theorem, which interval can julie be 95% certain that the sample mean will fall within?.
Julie can predict that the sample means will fall between $6.76 and $6.94 with a 95% degree of certainty.
What is the central limit theorem with an illustration?No matter how the population distribution is shaped, the Central Limit Theorem states that as the sample size increases, the sampling distribution of the sample means tends to resemble a normal distribution. Particularly for sample sizes greater than 30, this is true.
What is explained by the central limit theorem?According to the central limit theorem, if the sample size is large enough, the sampling distribution of the mean will always be regularly distributed. The sampling distribution of the mean will be normal regardless of the population's distribution, which can be normal, Poisson, binomial, or any other type.
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If real GDP per capita measured in 2009 dollars was $6,000 in 1950 and $48,000 in 2018, we would say that in 2018, the average American could buy as many goods and services as the average American in 1950. times O A. 8 times O B. 4 times O C. 1/8 times O D. 12 times
The average American could buy as many goods and services as the average American in 1950 is 8 times.
Increase in purchasing power = Real GDP per capita in 2016 / Real GDP per capita in 1950
= $48,000 / $6,000
= 8
A. 8 times
A carrier is an "(intangible) act or use for which a customer, company, or authorities is willing to pay." Examples consist of work achieved through barbers, medical doctors, attorneys, mechanics, banks, coverage businesses, and so on. Public offerings are those that society (nation-state, economic union, or region) as an entire can pay for.
Services are the non-bodily, intangible parts of our financial system, in preference to goods, which we are able to touch or cope with. offerings, along with banking, training, scientific treatment, and transportation make up most of the people of the economies of wealthy international locations. additionally, they represent most of the rising nations' economies.
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if the goal of a government policy change is to increase the incentive for taxpayers to work and/or invest, which policy is most likely to be successful?
If the goal of a government policy change is to increase the incentive for taxpayers to work and/or invest, a decrease in marginal tax rates policy is most likely to be successful.
What is Marginal Tax Rate?The marginal tax rate is the amount of additional tax that must be paid for each additional dollar of income received. The average tax rate is calculated as total taxes paid divided by total income earned.
An individual with a taxable income of $24,750, for example, will pay taxes at a rate of 10% on the first $19,900 of income and 12% on the remaining $5,000 since portion of the individual's income is subject to the higher tax rate of 12%.
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given the profit-maximizing choice of output and price, citrus scooters is earning profit, which means there are sellers in the industry relative to the long-run equilibrium amount.
Given the profit-maximizing choice of output and price, citrus scooters is earning profit, which means there are more sellers in the industry relative to the long-run equilibrium amount.
Profit in economics is the difference between the revenue generated by an economic entity's outputs and the sum of its input costs. It is equivalent to total income less total expenses, which includes both direct and indirect expenses.
It's distinct from accounting profit, which only pertains to the costs that are explicitly stated on a company's financial accounts. Accounting profit is calculated by subtracting the company's entire revenue from its explicit costs. When examining a corporation, an economist takes into account all costs, both apparent and implicit. Economic profit is therefore less than accounting profit. Economic profit is frequently considered in addition to normal profit.
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