The economic theory that adopts the idea that cutting the marginal tax rate can actually increase government revenue is supply-side economics.
What is the supply-side economics?Supply-side economics, can as well be described as the trickle-down economics, theory which is one that focuses on influencing the supply of labour and goods.
It should be noted that this is usually done by the use of tax cuts and benefit cuts as incentives to work and produce goods., however it can be perceived as one that focus on the process of cutting the marginal tax rate which can actually increase government revenue.
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In 2015, the United States:
A. imported more services than it exported.
B. imported more goods than it exported
C. traded mainly with developing nations such as Mexico and India.
D. had a small trade surplus in goods and services.
In 2015, the United States imported more goods than it exported. So, the correct answer is option B.
Although the United States may not necessarily have a positive trade balance when it comes to net exports, it does have a surplus when it comes to services.
This is due to the fact that the United States exports more services than it imports. This indicates that American experts work on behalf of other nations more than they work on behalf of the United States. The social export of the United States, which includes music.
However, US laws and policies frequently violate rights, particularly in the fields of criminal justice, immigration, and national security. The people most likely to experience abuses are frequently those who are least able to protect their rights in court or through the political process—racial and ethnic minorities, immigrants, kids, the poor, and prisoners.
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in linear programming, what are restrictions that limit the degree to which a manager can pursue an objective? part 2 a. constraints b. resource rules c. gatekeepers d. limitations
In linear programming, a. constraints are restrictions that limit the degree to which a manager can pursue an objective.
A manager is a expert who takes a management position in an business enterprise and manages a team of personnel. regularly, managers are liable for managing a particular department of their agency. there are numerous forms of managers, however they usually have responsibilities like conducting performance evaluations and making selections.
The role of managers is setting up and overseeing a particular organization, assignment or area inside a commercial enterprise. The quantity and scope of a supervisor's responsibilities can vary relying on their function in the business enterprise. The job identify of supervisor can suggest that any individual is handling a group or handling a sure feature.
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true or false: the initial cost of property, plant, and equipment includes the purchase price and all expenditures necessary to bring the asset to its desired condition and location for use. true false question.
This statement is True that the initial cost of property, plant, and equipment includes the purchase price and expenditures necessary to bring to desired condition and location for use.
What are the fixed assets' original costs?The amount of capital invested in the fixed asset's acquisition or creation determines its initial worth. An asset's initial cost includes paying suppliers, funding for shipping and installation, insurance, and taxes.
what is the significance of the historical cost concept?The historical cost principle is critical because it enables companies to monitor the changing value of their assets over time. This rule makes sure that businesses aren't inflating their financial accounts by taking advantage of shifting market prices.
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negotiators are more likely to provide brutally frank negative feedback to foreign presenters.
German negotiators are more likely to provide brutally frank negative feedback to foreign presenters.
One of the maximum treasured negotiation strategies that may be used towards American negotiators is to lead them to wait as Americans price time highly. A precise indication that a commercial enterprise assembly is crucial is that if higher-stage executives are blanketed withinside the discussion. You understand the type: Negotiators are imaginative, intuitive, empathetic, and emotionally expressive, and feature precise verbal and social skills. Most strikingly, those humans see the large photo with all of the options.
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The vertical axis of the aggregate demand and aggregate supply model measures the overall The aggregate curve shows the quantity of goods and services that firms produce and sell at each price level. As the price level falls, the cost of borrowing money will This phenomenon is known as the causing the quantity of output demanded to effect. Additionally, as the price level falls, the impact on the domestic interest rate will cause the real value of the dollar to in foreign exchange markets. The number of domestic products purchased by foreigners (exports) will therefore and the number of foreign products purchased by domestic consumers and firms (imports) will Not exports will therefore causing the quantity of domestic output demanded to This phenomenon is known as the effect
Additionally, as the price level falls, the impact on the domestic interest rate will cause the real value of the dollar to fall in foreign exchange markets. The number of domestic products purchased by foreigners (exports) will therefore rise and the number of foreign products purchased by domestic consumers and firms (imports) will fall. Net exports will therefore rise causing the quantity of domestic output demanded to rise This phenomenon is known as the exchange rate effect.
Exchange rate effect- In the goods market, a positive shock to the domestic currency's exchange rate (an unexpected appreciation) makes exports more expensive and imports less expensive. As a result, competition from foreign markets will reduce demand for domestic products, resulting in lower domestic output and prices.
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as an entrepreneur, personal interests are what drive you to choose a business venture. responses true true false
True, as an entrepreneur, your personal interests are what lead you to pursue a company enterprise.
What is Entrepreneurship?Entrepreneurship is the production or extraction of economic value. According to this definition, entrepreneurship is described as change, frequently including greater risk than is often encountered when starting a business, and may include values other than monetary ones. An entrepreneur is someone who starts and/or invests in one or more businesses, incurring most of the risks and earning the majority of the rewards. The procedure of launching a business is known as entrepreneurship. Entrepreneurs are generally viewed as innovators, providing new ideas, products, services, and business/or operations.
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what can joseph do to increase his chances of ats selection? check all that apply. focus on adjectives like efficient, reliable, and personable. use variations of the job title. concentrate on the skills section. group keywords together in a summary. use terms from the posted job advertisement or job description.
Josep can increase his chances of selection for a new job if he does the following actions:
Design a modern infographic resume that can use engaging visuals to illustrate his skills, qualifications, and professional experience. He can save this resume in PDF.Adapt his resume to terms used in the posted job advertisement or job description. Use adjectives to highlight his abilities like being adaptable to change, efficient, responsible, and a team player.Design a professional e-portfolio that includes a collection of digital files that highlights his academic and professional achievements over time.Update his profile on different job search platforms.Know more about types of interviews here:
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Which of the following is a good piece of advice to give to individuals who have multiple bosses in a matrix structured organization?
a) Make sure all managers are familiar with your overall workload.
b) Keep conflicts you are experiencing to yourself.
c) Avoid situations where you have multiple managers as they produce more conflict than benefits.
d) Set a schedule so that you work with one manager on certain days and the other manager on the other days.
Power disputes inside matrix groups can be quite violent. A type of organizational structure called a matrix contains numerous reporting managers. Power struggles among the leaders are an issue in matrix organizations.
What are the advantages of reporting to multiple managers in a matrix structure?Dual reporting is used to improve resource allocation among functions and speed up work for the organization as a whole.
What are the advantages of a centralized organizational structure?centralized organizational frameworks' benefits. Fixes accountability through strict top-down supervision. -Removes goal conflict between parties with different viewpoints or interests. -Enables strong leadership and rapid decision-making in emergency situations.
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Which of the following is the approximate internal rate of return for an investment that costs $45,880 and has net cash flows of $4,000 for 20 years?
Reason: 45,880/4000=11.47. Look at Table B.3 in the 20 year row for the present value factor closest to 11.47. You'll see 6%
6% is the approximate internal rate of return for an investment.
What is approximate internal rate?To assess the profitability of possible investments, financial researchers utilize the internal rate of return (IRR), a statistic. IRR is a discount rate that brings all cash flows' net current value (NPV) to zero in a discounted cash-flow analysis. The formula is the same for both NPV and IRR calculations. Keep in mind that the IRR does not accurately reflect the project's actual financial value. The annual return causes the NPV to turn negative.
Reason:
= 45,880/4000
= 11.47.
The present value component that is closest to 11.47 can be found in the 20-year row of Table B.3.
You'll see 6%.
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what are the two types of value creation activities found within a company's operations? (check all that apply.) multiple select question. primary support legal foreign
Production, marketing, and sales, inventory control, research and development, management of human resources and information systems, and company infrastructure are all value-creating activities.
What does creating value through operation management entail?Value creation is the process of changing labour and resources into something that meets the requirements of others. This covers labor-intensive activities like manufacturing, crop cultivation, and other intangible assets like computer code and unique ideas.
Where does value creation come from?Technology, innovation, intellectual property, alliances, management competencies, employee relations, customer relations, community relations, and brand value are some of the primary categories of intangible assets, albeit the intangible components that drive value creation vary by business.
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a regional bank implemented an automated solution to streamline their operations for receiving and processing checks. they would like to further enhance the solution to recognize signs of potential fraud and alert their security teams accordingly.
Machine learning technology helps to streamline their operations for receiving and processing checks.
Machine learning is a subfield of artificial intelligence that enables computer software programs and data to produce reliable output. In the finance business, particularly in the banking sector, it is essential.
Machine learning determines which transactions are real and which are fraudulent based on the algorithms. It is beneficial to learn about fraud that takes place during transactions. Consequently, it lowers the degree of danger.
This might be a sign of fraud, for instance, if the data reveals a trend of higher check activity on particular days of the week or at particular times of the day. Indicators of fraud can also be found using machine learning to spot trends in the quantity of money being deposited or withdrawn.
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Use the AS-AD model below to answer the following questions. In each case assume the economy starts in long- and short-run equilibrium. Suppose a revolution in Iran results in a significant reduction in the world's supply of oil. Drag the appropriate line in the correct direction to show the short-run effect on the AS-AD model. This will: Suppose the government takes no action to help the economy. Suppose, instead, the government decides to take action to help the economy. You can recommend: If the U.S. government makes the appropriate policy response, what happens to price levels and output in the long run.
a) The economy is in the long-run and short-run equilibrium. The aggregate demand curve and short-run aggregate supply curve intersect with the long-run aggregate supply curve. Real GDP Y in the short run is equal to the potential GDP. The price level is 100.
The reduction in the supply of oil will increase the cost of production of firms since oil is input in manufacturing units. An increase in oil prices increases the cost of production of firms and reduces the aggregate supply. The aggregate supply curve shift to the left which results in a fall in real GDP and increases in the price level.
This will reduce output and raise the price level.
b) In the short run the output is below the potential level. The economy is experiencing a negative output gap with high price levels and unemployment. This high unemployment decreases the input prices in long run. This will reduce the cost of the firms. A fall in cost increases the aggregate supply. The AS curve shift rightward. This will continue till the price level reach the initial long-run level. The output also increases to the initial long-run level.
Eventually price level: returns to the initial value
Output returns to its initial value.
c) When the government decides to take action, it raises the aggregate demand through an expansionary fiscal policy. As a part of it, the government reduces taxes and increases spending. This will increase aggregate demand and the AD curve shift to the right. The price level increase and the output increase to a long-run full employment level.
Cutting taxes and/or raising spending.
The policy action of the Canadian government increases the aggregate demand. This will increase the price level more than the initial short-run level. But output increase to the initial long-run full employment level.
Price level: increases
Output: returns to its initial value.
Gross domestic product (GDP) is the economic degree of the market fee of all of the final goods and services produced and offered (now not resold) in a selected term by means of international locations. due to its complex and subjective nature, this degree is frequently revised earlier than being considered a reliable indicator. GDP (nominal) in keeping with capita does no longer, however, reflect differences inside the value of the dwelling and the inflation quotes of the nations; therefore, using a basis of GDP consistent with capita at shopping strength parity (PPP) may be greater beneficial while evaluating dwelling standards between nations, at the same time as nominal GDP is extra useful evaluating national economies on the international market.
overall GDP also can be broken down into the contribution of each industry or area of the economy. The ratio of GDP to the entire populace of the place is the per capita GDP (additionally referred to as the mean fashionable of dwelling). they're the production (or output or cost introduced) approach, the income approach, and the speculated expenditure technique. it's miles consultant of the overall output and profits inside an economic system.
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o develop mrp report, you need three piece of information as direct inputs. what are the three key inputs (refer to exhibit 9.5)?
The Master Production Schedule (MPS), Inventory Status File (ISF), and Bill of Materials are the three fundamental inputs of an MRP system (BOM).
What are the top three MRP outputs?Primary reports and secondary reports are both possible MRP output formats. Planned order schedules, order releases, and revisions to planned orders are the three categories of principal reports. Future material orders are specified in terms of timing and amount by planned order schedules.
What inputs are necessary for MRP?Master Production Schedule (MPS), Bill of Materials (BOM), and Inventory Status make up the core MRP inputs (IS). The end-item production completion dates are specified in the master production schedule, which is a time-phased plan.
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the digby company has just issued $6,484,096 in dividends last year. the effect of this payment on the balance sheet is:
The Baldwin Company just paid out $6,484,096 in dividends. This payment has the following effects on the balance sheet: A. The Net Profit will drop.
What was the common stock of the Chester Corporation?$6.030 million in cash. Assets totaling $123.810 million. - $3.810 million worth of Common Stock in total.
What were the retained earnings of the Digby Corporation?The Digby Corporation's balance sheet at the end of the second quarter showed total assets of $125.645 million and total common stock of $3.810 million. Retained earnings of $27.775 million and cash of $6.030 million. What were the entire liabilities of the Digby Corporation? Answer for video: The video player is loaded.
What was the common stock of the Digby Corporation?Common stock of Digby Corporation is valued at $27,631,000,000. Explanation: According to the data provided about Digby Corporation.
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When a u. S. Company makes a $200,000 donation to the international red cross to help the victims of an earthquake in india, the transaction is recorded in the.
The victims of an earthquake in india.The current account will contain a record of this type of transaction. Open current bank accounts for businesspeople who engage in more regular and routine banking activity.
Counter transactions, withdrawals, and deposits are all included. Yet another name for it is a demand deposit account. Current account opening is permitted by cooperative banks as well as commercial banks. The trade balance, net primary income, also known as factor income (earnings on foreign investments minus payments to foreign investors), and net unilateral transfers that have taken place over a specific time period make up the current account, which keeps track of a country's income and outlays abroad.One of the two key indicators of a country's Overseas commerce is the current account balance.
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In the design of a compensation plan, a factor over which a sales rep has some control, but which cannot be measured objectively is
A. Number of product demonstrations made.
B. Orders from new accounts.
C. Gross margin by product line.
D. Customer goodwill developed toward company.
E. Number of shelf and window displays obtained.
Option (d), Customer goodwill earned toward the company is a consideration in the formulation of a compensation plan that a sales agent has some control over but that cannot be quantified objectively.
The sales compensation plan should be described. Who created these sales compensation plans, and why?An official mechanism for determining a sales representative's pay based on performance is a sales compensation plan. In addition to other aspects of a salesperson's compensation, it includes information on their base salary, commission, incentives, and benefits.
Which five factors ought to be taken into account by compensation plans?Employers typically base pay on five criteria: the job's responsibilities, what their competitors are paying, how important the position is to the business, how much other employees in related roles are paid in accordance with the company's pay structure, and the budgetary and organizational requirements.
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suppose a firm generates a lot of cash but has limited investment opportunities. is this stock more likely to be a utility stock or a technology stock? in addition, is the stock more likely to provide a high or low dividend yield?
Suppose a firm generates a lot of cash but has limited investment opportunities. This is utility stock with a high dividend yield.
Companies that offer essential services including electricity, natural gas, sewage, and water to households and businesses are included in utilities stocks. Due to the constant need for these services from customers, the utilities industry is defensive, or largely impervious to economic fluctuations.
The stock performance of utility firms is reasonably predictable and constant thanks to government control and the absence of significant regional rivalry. Considering that utilities stocks frequently offer dividends, many investors include them in their portfolios as a source of income. When a corporation declares a high-value dividend, it may be a sign that business is booming and healthy profits have been made. However, it can also mean that the business lacks the right projects to provide higher profits in the future.
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to complete the project effectively and on time, rebecca and martin need to share information and closely coordinate their efforts. this is an example of .
In order to complete the task both Rebecca and Martin have to coordinate their efforts and this is example of Reciprocal task interdependence.
In order to complete any task there is a need of contribution by all the members of the group. The project should not be done by only one individual of the group instead all the members should do their part of work so that the project gets completed in time. The same happens in case of Rebecca and Martin where they both have to help and coordinate each other's work in order to complete the project on time. In the Reciprocal interdependence method all the members of the task are dependent on each others work but they coordinate with each other to complete the project or task.
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hearth company uses the units-of-production method to estimate depreciation. the company purchased a new machine for $50,000 that will produce an estimated 350,000 units over its useful life. the estimated residual value of the machine is $3,000. what is the depreciation rate per unit?
$0.40 Depreciation rate per unit = (Cost − Residual value) ÷ Estimated total production= ($50,000 − $3,000) ÷ 3,50,000 units = $0.13 per unit
The percentage at which an asset depreciates over the course of its estimated useful life is known as the depreciation rate. The part of a company's long-term investment in an asset that the company deducts as a tax-deductible expense throughout the period of the asset's useful life is another way to put it.
Depreciation is an accounting technique for spreading out the expense of a tangible item over the course of its useful life. How much of an asset's value has been used is shown through depreciation. It enables businesses to purchase assets over a predetermined length of time and generate income from those assets.
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the value of the marginal product is found by multiplying the marginal of labor by the market of the product.
True, Marginal Product Value is a calculation obtained by multiplying the marginal physical product by the average income or product price. Marginal Product Value (VMP) calculates the amount of a company's revenue contributed by one unit of productive output.
Marginal product or is a formula used to determine how a change in one factor of production changes overall production. The factors referred to can be in the form of labor, capital, land, machinery or other aspects that directly affect the production of merchandise.
Generally, when one of these elements is increased, production also increases. However, businesses need to measure those production increases against revenue and costs to ensure those additional costs add value.
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Dagny Taggart has just purchased a home and taken out a $400,000 mortgage. The mortgage has a 30-year
term with monthly payments and has an Annual Percentage Rate (APR) of 5.4%.
What is the total amount of interest that Dagny will pay during the first month of her mortgage? What is
the total amount of principal paid during the first month?
The total amount of principal that Dagny will pay during the first three months of her mortgage is $1345. The total amount of interest that Dagny will pay during the first month of her mortgage $5393.97.
How to calculate the principal and interest?
PMT = $400,000/(1/(0.054/12)) Explanation: -(1/((0.054/12))*(1+(0.054/12)^360)) = $2246.12
The first month's interest is $400,000 divided by.054/12 = $1800.
Principal for the first month = $2246.12 - $1800 = $446.12
Interest on the second month = ($400,000 - $446.12).054/12 = $1797.99
Principal for the second month = $2246.12 - $1797.99 = $448.13
Interest for the third month = ($400,000 - $446.12 - $448.13).054/12 = $1795.98
Principal for the third month = $2246.12 - $1795.98 = $450.14
Interest total = $1800 + $1797.99 + $1795.98 = $5393.97
Total Principal = $446.12 + $448.13 + $450.14 = $1344.39
So, The required interest will be $5393.97 and the principal will be $1345.
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prior to collective bargaining for a new labor contract, both the management and the union members of a shoe factory decide that it is important that they discuss the issue of the employment of contingent workers in the organization. both parties thereby include it as a negotiable point for the bargaining session that, if agreed upon, will be entered into the new contract. this point of negotiation falls under the category of .
The category of permitted items includes this area of negotiation.
What is a Contingent Worker?Freelancers, independent contractors, consultants, or other outsourced and non-permanent employees employed on a project-by-project basis are referred to as contingent workers. They may operate locally or remotely. They are not only temporary employees, though; this minimises the complexity and high value of the current contingent workforce. Contingent employees are highly accomplished professionals in their specialties. These employees are employed in accordance with a statement of work (SOW) requirement to carry out certain tasks. When the job is over, they depart, though they might be contacted again if a new project comes along. As a result, they are not business employees, and the owner has no obligation to offer them consistent employment on a permanent basis.
What is the advantages of a Contingent Workforce?The benefits of a contingent labour are mostly financial for business owners. They are exempt from having to deduct taxes from employee paychecks and pay them. They are not required to provide overtime pay, paid sick days and vacation days, or health benefits. This enables them to save on administrative costs related to payroll and human resources, in addition to the large money they would have spent on searching for and hiring permanent staff.
Increased flexibility is a benefit of the contingent labour as well. A contingent worker can be hired to handle the extra work when there is a sudden increase in work or when an urgent project pops up.
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under check 21, the maximum time that a bank can hold funds from deposited checks before making them available to the depositor will increase.
The amount of time a bank can keep the proceeds from deposited cheques before they are made available to the depositor will rise to two to five working days.
What is under check 21?As previously stated, according to Regulation CC, banks are only permitted to store checks for a "reasonable period of time." The time it takes for a check you deposit to clear typically lasts between two and five business days. The Check 21 Act permits a new promissory note known as a "substitute check," which makes check truncation & electronic check exchange easier.
A bank does not have to convert & truncate paper checks in order to accept Check 21. It is entirely up to you. A bank provides two warranties and an indemnification that travel with each substitute check when it chooses to transform a paper check into an electronic file that can later be converted back into a paper check.
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which of the following qualifies for protection under the first sale doctrine? francesco buys an original painting, paints an exact copy of it, and sells it. sofia writes a piece of music and sells the rights to the composition. lucia purchases a book and later resells it to her friend. hugo buys a computer program, copies the code to his own computer, and then sells the program to another person.
Lucia purchases a book and resells the original book qualifies for protection under the first sale doctrine. The correct option is C.
The first sale doctrine is a legal precept that permits the owner of a legally obtained copy of a copyrighted work to dispose of that specific copy in any manner without the owner's consent.
Lucia buys a book, then sells it to her friend later. According to the first sale theory, this is protected. Because Lucia is reselling the original, legitimately obtained copy of the book, she is not required to obtain consent from the copyright holder because of the first sale doctrine.
Thus, the ideal selection is option C.
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the contract of the american federation of musicians labor union calls for additional payments when any national commercial runs beyond an initial cycle of how many weeks?
The contract of the American federation of musician labor calls for additional payments because the successor to the National League of Musicians, the AFM is the most important agency within the international to represent expert musicians.
We perform in orchestras, backup bands, fairs, golf equipment, and theaters each on Broadway and on an excursion. AFM contributors also make tracks for films, tv, commercials, and sound recordings. As the biggest union of musicians in the global, we have the strength to make the song enterprise work for musicians.
On August 1, 1942, the yank Federation of Musicians went on strike in opposition to main recording corporations due to disagreements over royalty bills. The strike forbade union contributors from recording any periods for labels which include Columbia, RCA Victor, and Decca information.
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Are the statements true, false, or uncertain arguments? 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. The real cause of child labor is low GDP per capita. Trade restrictions save jobs that are more visible, but result in job losses elsewhere. When trade is diverted away from countries that employ children, the children allocate more time to education. When subsidies are not an option, import tariffs are a second-best policy to promote key industries. The main, perhaps only, concern of U.S. labor unions regarding their fellow workers in developing countries are the working conditions of those foreign workers.
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 european central bank uses main refinancing operations as the predominant form of open market operations, which are similar to the fed's repo transactions.True or False
the Europeans central bank uses main refinancing operations as the predominant form of open market operations, which are similar to the fed's repo transactions. TRUE
What is repo transaction?
A repurchase agreement (repo) is a form of short-term borrowing contract for dealers in government securities. In a repo, a dealer offers investors government securities for sale, typically overnight, and then buys the securities back the next day at a slightly higher price. The overnight interest rate is implicit in that small price difference. Repos are frequently used to raise quick money. They are frequently used in open market operations of central banks as well.
It is a repo for the party buying the security and agreeing to sell it in the future; it is a reverse repurchase agreement for the party selling the security and agreeing to repurchase it in the future.
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bell corp. recognized $76,000 in current income tax expense during the year. pretax gaap income was $178,000 and deferred income tax expense is $12,000 for the year. prepare (a) the income tax section of the income statement for bell corp. for the year and (b) the disclosure of current and deferred income tax expense.
The disclosure of current and deferred income tax expense. We are provided the following information in the query.Tax rate as of law is 30%.For the year, pretax income was $80,000 $76,000 is the taxable income.
Now it is possible to calculate: Pretax income for the year minus tax costs Enacted tax rate equals $24,000 ($80,000 x 30%).Tax due is calculated as follows: $76,000 30% = $22,800.Excessive tax liability: Tax expense minus Tax payable equals $24,000 minus $22,800, or $1,200 in total.The following will then be entered into the record:
Debit $24,000 in tax expenses.
Credit the $22,800 in taxes due.
Credit $1,200 in deferred tax obligations.
Consequently, the following are the appropriate choices: deduct a $24,000 tax expense.
d. credit the $22,800 in taxes that are due; e. credit the $1,200 in deferred tax liability.
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professionals are required to deliver services but the competency of the services is never an issue. true false
False, Professionals are required to deliver services but the competency of the services is never an issue.
The performance of work, or the provision of labor, time, or effort, or any combination there of, not involving or connected with the delivery or ownership of a specified end product or goods, or a manufacturing process, is referred to as a service or service.
A tangible item that consumers want or own is referred to as a good. Service is not a tangible or physical entity, but it is still desired by customers. A service can frequently be performed remotely. The terms' goods' and services refer to what consumers consume and spend money on.
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As compared to companies with low operating leverage, companies with high operating leverage have.
Companies with a high degree of operating leverage (DOL) tend to have a higher percentage of fixed costs, which remain largely constant regardless of production volume, whereas companies with a low degree of operating leverage tend to have cost structures with a higher proportion of variable costs that are closely related to production volume.
A cost-accounting method called operating leverage assesses how much a company or project can raise operating income by raising revenue. Businesses with high operating leverage generate revenues with low variable costs and large gross margins. Operating leverage is used to calculate a company's break-even point, which also helps identify the appropriate selling prices to pay all costs and turn a profit. Businesses with substantial operational leverage must pay a higher monthly amount of fixed costs regardless of whether they sell any units of product. The potential risk from forecasting risk, where a relatively modest inaccuracy in sales forecasting can be compounded into huge errors in cash flow predictions, increases with the level of operating leverage.
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