Question answered with a 52.0% accuracy Except for selected employee participation, each of the following conditions for qualifying tax-advantaged retirement plans are mandated by law.
A tax-advantaged IRA is what, exactly?You can save money tax-advantageously for retirement by opening an independent retirement account (IRA). An individual can save for retirement with income growth or a tax-deferred basis by opening an IRA at a financial institution.
What distinguishes tax-advantaged accounts from taxable ones?Investments that lose less their gains to taxes are a good fit for taxable accounts, including brokerage accounts. For investments to lose more of their earnings to taxes, tax-advantaged accounts like an IRA, 401(k), or Traditional Ira are typically a better home.
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serious violations of the real estate license laws typically result in which disciplinary action or actions?
Disciplinary action or license suspension or revocation for serious violations of real estate license laws are typical.
What’s the Difference Between a Suspended and Revoked License?The "points" system for obtaining a driver's license in North Carolina will soon become familiar to drivers who have received a few tickets or been in a car accident. You will begin to hear about either a license suspension or revocation if you have multiple driving violations. Reckless or irresponsible driving results in either of these penalties.
When your license is suspended, you lose your right to drive for a short time. If you meet certain conditions, you might be able to get your license back.
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1) Estimate the market share. Complete the chart for the juice & smoothie category, round
to two decimal points. Add relevant dollar signs and percentages.
Company
Booster Juice
Smoothie King
Happy Planet
Maui Wow
Industry Total
$ Sales
(000s)
$500
$295
$200
$5
$1,000
2020
$ Market Share
(%)
50%
29.5%
20%
0.5%
100.0%
$ Sales
(000s)
$615
$325
$240
$20
$1,200
2021
$ Market
Share (%)
51.25%
27.08%
20%
1.67%
100.0%
4
1. Outline 4 things that you observe from these numbers.
Change 2020 vs. 2021
Sales $ %
change
+23.0%
+10.17%
+20.0%
+300%
56.17%
SOM point
change
1.25 DD
-2.42pp
0 Do
1.17pp
2. Write one SMART objective that might be included in the 2021 marketing plan for
Booster Juice.
Answer:
1. Four observations from the numbers:
a. Booster Juice has the highest market share in both 2020 and 2021, with a slightly lower share in 2021 compared to 2020.
b. Smoothie King has the second-highest market share in 2020, but its share has decreased in 2021.
c. Happy Planet has a constant market share of 20% in both years.
d. Maui Wow has the smallest market share in 2020 but has increased significantly in 2021, with a 300% increase in sales.
2. SMART objective for Booster Juice in the 2021 marketing plan:
Increase Booster Juice's market share by 1.5 percentage points (pp) to reach 52.75% of the juice and smoothie category in the next 12 months. This objective is SMART as it is specific, measurable, achievable, relevant, and time-bound.
what is the aim of producing good and services for firms in: a market economy
Answer:
In a market economy, the primary aim of producing goods and services is to make a profit. Firms compete with each other to sell their products to consumers, and the competition drives prices down and improves the quality of the goods and services being offered. By producing goods and services that people are willing to buy, firms can earn profits, which they can then reinvest in their operations to continue growing and improving their business.
In this type of economic system, consumers ultimately determine what goods and services are produced, as they vote with their dollars by choosing which products to buy. This results in a focus on producing what people want, rather than what is deemed important by a central authority.
Additionally, producing goods and services can also create jobs and contribute to the overall growth and development of the economy. By meeting the needs and desires of consumers, firms can help improve the standard of living for individuals and communities.
which country is relatively capital abundant? which country is relatively labor abundant? suppose that good r is labor intensive relative to good t. which country will have comparative advantage in the production of r? how do you know this? what will happen to wage rates and returns to capital in each country?
The country with the most capital abundant is the United States, whereas the country with the most labor is Canada. The absolute labor endowment of Canada should be noted.
Will a nation with a surplus of labor export products that require a lot of labor?A nation with an abundance of capital will export the capital-intensive good, according to the Heckscher-Ohlin (H-O) theorem. The labor-intensive commodity will also be exported from the nation with a surplus of workers. Each nation exports the products that it makes comparatively better than the other nation.
India – a country with high capital intensity?The authors cite tight labor regulations, credit policies, and capital subsidies for technology development as reasons why capital-intensive methods of production are used in India, a nation with a large labor pool.
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A company uses a periodic inventory system and during the december 31, year-end physical inventory count discovered that they have incurred a $300 shrinkage in inventory. Prepare the necessary adjusting entry
Prepare the necessary adjusting entry to record this shrinkage by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns. No journal entry required.
What does the periodic inventory system entail?A periodic inventory system is a type of inventory valuation where the inventory account is updated at the conclusion of each accounting period as opposed to after each sale and purchase. The technique enables a business to monitor its starting inventory and ending inventory throughout the course of an accounting cycle.
Why is the periodic inventory approach used?Smaller companies with little inventory holdings are best suited for a periodic inventory method. A physical inventory count is simple to complete for these companies. Estimating the cost of things sold over predetermined time periods is likewise much easier.
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A company uses a periodic inventory system and during the December 31, year-end physical inventory count discovered that they have incurred a $300 shrinkage in inventory.
Prepare the necessary adjusting entry to record this shrinkage by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns.
a researcher discovers that, in the labor market, black people face discrimination, but black men are much more likely to face discrimination than black women. what concept does this highlight?
A researcher discovers that, in the labor market, black people face discrimination, but black men are much more likely to face discrimination than black women. The concept this highlight is Intersectionality.
The act of establishing unjustifiable, biased differences between people based on the groups, classes, or other categories to which they belong or are thought to belong is referred to as discrimination. Individuals may face discrimination based on their color, gender, age, religion, handicap, or sexual orientation, among other factors.
Discrimination happens most often when individuals or groups are unfairly treated worse than other people because of their real or perceived membership in specific groups or social categories. It entails excluding members of one group from chances or advantages enjoyed by members of another group.
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true or false: the amount of a long-term note that is due within a year or operating cycle, if shorter than a year, is presented as a current liability in the balance sheet
False, The balance sheet shows a current liability for the amount of a descriptive paragraph that is due in a year or operational cycle, if less than a year.
How should liability be displayed on a balance sheet?Through the transmission of economic benefits like money, products, or services, liabilities are eventually satisfied. Liabilities are items that are listed on the balance sheet's right side and consist of debts including loans, payables, mortgages, deferred income, bonds, warranties, and accumulated expenses. Assets and liabilities can be compared. All of a company's assets are listed on the left side of the balance sheet. The balance sheet lists the company's obligations and shareholders' equity on the right side. Both current and quasi (long-term) assets and liabilities are broken down into their respective categories. Liquidity, or how quickly an asset could be converted into cash, is used to rank assets. The order of liabilities is based on when they are due for payment.
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when dividends increase with all else remaining the same, which of the following is true? a) both calls and puts increase in value b) both calls and puts decrease in value c) calls increase in value while puts decrease in value d) puts increase in value while calls decrease in value
The true statement was, When dividends increase with all else remaining the same, puts increase in value while calls decrease in value.
What is the value?Values are the benchmarks or ideals by which we judge the acts, traits, possessions, or circumstances of others. Values that are embraced by many include those of beauty, honesty, justice, peace, and charity.
As whenever the dividends increase all else remains the same, as there are dividends are there in the life option which reduces the final stock price. as a result whenever dividends increase cause of puts will be increased in value.
Therefore, The right option (D) is correct.
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when conducting a swot analysis, industry analysis is primarily concerned with a corporation's: question 4 options: economic environment. societal environment. task environment. internal environment. sociocultural environment.
(a) Economic Environment When conducting a SWOT analysis, industry analysis primarily refers to a corporation.
As such, organizations operate in different external environments and are internally organized and structured to meet both external and internal requirements. An environmental analysis is a strategic technique used to identify all internal and external factors that could affect the success of a business. Situational strengths and weaknesses, as well as opportunities and threats.Organizational environment denotes internal and external environmental factors that influence organizational activities and decision making. It also helps to foresee where the organization will be in the future. PESTLE analysis consists of several factors that affect the business environment. Strategic planning helps the organization to control changes in its internal and external environment and adjust its activities accordingly.
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BIG TEST NEED HELP
Environmental sustainability is ensuring that our natural resources can be used _______.
a. next year
b. for the next five years
c. short term
d. indefinitely
if the federal reserve wishes to use monetary policy to reinforce congress' fiscal policy changes, it should
If the Federal Reserve wishes to use monetary policy to reinforce Congress' fiscal policy changes, it should increase the money supply when government spending is increased.
Fiscal policy refers to the use of government spending and fiscal policy to affect economic conditions, especially macroeconomic conditions. These include/contain aggregate demand for goods and services, employment, inflation and economic growth.
During a recession, governments can lower/reduce tax rates or increase spending to stimulate demand and boost economic activity. Conversely, you can raise/increase interest rates to combat inflation or cut spending to cool the economy.
Fiscal policy is often contrasted with monetary policy enacted by central bankers rather than elected government officials. Fiscal policy refers to the use of government spending and taxation to influence economic conditions.
Fiscal policy is largely/mostly based on the ideas of British economist John Maynard Keynes.
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an increase in the wealth of consumers will likely cause price level and unemployment to change in which of the following ways? price level / unemployment a. increase / increase b. increase / decrease c. increase / stay the same d. decrease / increase e. decrease / decrease a option a b option b c option c d option d e option e
The correct answer is Option B: increase in wealth of consumers is likely to cause an increase in the price level and a decrease in unemployment.
When consumers have more wealth, they tend to spend more money, which can lead to an increase in demand for goods and services. This increase in demand can cause prices to rise as businesses try to keep up with demand. At the same time, increased consumer spending can also create job opportunities, which can lead to a decrease in unemployment. Thus, an increase in consumer wealth is likely to cause an increase in the price level and a decrease in unemployment, making Option B the correct answer.
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Price of Video Game Quantity Supplied
of Video Games Quantity Demanded
of Video Games
$50
0
500
$75
50
325
$100
200
200
$150
250
100
$200
400
0
In the supply-and-demand schedule shown above, at a price of $150, the quantity supplied of video games is _____ and the quantity demanded of video games is _____.
50, 325
250, 100
200, 200
Note that the equilibrium price as depicted in the supply-and-demand schedule for video games is $ 100.
What is the rationale for the above response?To determine the optimal price for this task, one must first grasp the Law of Supply and Demand and its mechanics.
The supply of an item or service generates demand for the good or service, according to the Law of Supply and Demand.
In this example, the growth of the video game market increases demand for video games. Demand and supply interact according to price, which is how the law works. When the price is high, the demand is low and the supply is plenty. If the price is cheap, the amount given is small, but the quantity sought is large.
This makes perfect sense when you consider that the buyer wants to pay the least amount feasible for a product, while the provider wants to earn the most amount possible.
In this situation, price is the adjustment vector that causes demand and supply to interact. There will come a moment when demand and supply are equal, which means that the number of video game customers will be the same as the number of video games sold. At this time, we say that the market is in equilibrium, and the price is the equilibrium price.
It occurs in this exercise when the quantity asked equals the quantity delivered, both in 200. The equilibrium price at that time is $100.
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to provide low-cost housing to the unemployed, a city has a policy of leasing empty city-owned buildings to social agencies that promise to convert or rehabilitate the buildings into habitable, low-cost apartments and to
Low cost housing reduces construction costs through the use of locally available materials without compromising structural strength, performance and longevity. Plaintiffs are likely to win. The First Amendment prohibits laws that establish religion.
Government action that does not involve sectarian preferences should be subject to the founding clause if it has a secular purpose and its primary effect neither promotes nor impedes religion and does not require undue government involvement in religion.
Since there is considerable interdependence between the church and the city, the actions of the church are considered here as actions of the state. It seems to me that there is no worldly purpose in asking renters to declare their faith in God. Moreover, its main effect is probably to promote religion. Therefore, the act of the church is held to violate the founding article.
The U.S. Department of Housing and Urban Development (HUD) recognized this opportunity after Hurricane Sandy and required federally funded reconstruction to meet green and healthy housing standards (details below). increase). However, the housing sector also faces many disaster-related challenges. After disasters, threats to the health of Amendment need to be mitigated, and displaced persons and homeless people need immediate access to temporary shelters that provide safe haven and shelter while their homes are rebuilt.
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The complete question is:
To provide low-cost housing to the unemployed, a city has a policy of leasing empty city-owned buildings to social agencies that promise to convert or rehabilitate the buildings into habitable, low-cost apartments and to pay the city 10% of any net profit made from rentals. A church entered into the agreement and converted one of the city's abandoned office buildings into 50 small low-cost apartments. The lease agreement used by the church provides, among other things, that the lessee must affirm a belief in God. The lease agreement was submitted to the city for approval prior to its use by the church made the apartments available for rent, the plaintiff, an avowed atheist, applied to lease a unit. The plaintiff's application was denied for the sole reason that the plaintiff refused to affirm a belief in God. If the plaintiff brings suit against the church on the ground that the required affirmation of a belief in God violates the plaintiff's constitutional rights, who will likely prevail?
you earn a salary of $105,000 from your current employer and have taxable income of $80,000. you have gotten a job offer from a rival company, offering to pay you $120,000. using the tax brackets in the table below and assume all else stays the same. (round to the nearest dollar, if necessary) table: 2020 federal income tax brackets tax rate taxable income bracket tax owed 10% $0 to $9,875 10% of taxable income 12% $9,876 to $40,125 $987.50 plus 12% of the amount over $9,875 22% $40,126 to $85,525 $4,617.50 plus 22% of the amount over $40,125 24% $85,526 to $163,300 $14,605.50 plus 24% of the amount over $85,525 32% $163,301 to $207,350 $33,271.50 plus 32% of the amount over $163,300 35% $207,351 to $518,400 $47,367.50 plus 35% of the amount over $207,350 37% $518,401 or more $156,235 plus 37% of the amount over $518,400 (use commas when entering your answer) a. what will be your federal income tax obligation if you take the new job? $ b, what will be your new income, after taxes? $ c. what is your increase in after-tax income, with the new job? $
We must first identify which tax band the taxable income is in in order to compute the federal income tax due under each scenario.
How can it be explained in detail?The tax due for the present work with an income of $80,000 is determined as follows:
$9,875 × 10% = $987.50 \s($40,125 - $9,875) × 12% = $3,630 \s($80,000 - $40,125) × 22% = $8,163.50
$987.50 + $3,630 + $8,163.50 = $12,781 in total tax is due.
The taxable income will be greater for the new employment with the $120,000 compensation. Calculating the tax due is as follows:
$9,875 × 10% = $987.50 \s($40,125 - $9,875) × 12% = $3,630 \s($85,525 - $40,125) × 22% = $10,577.50 \s($120,000 - $85,525) × 24% = $8,094
$987.50 + $3,630 + $10,577.50 + $8,094 = $23,289 in total tax is owed.
Thus, the new job's federal income tax due would be $23, 289 dollars.
The tax liability is subtracted from the pay to determine the new income after taxes:
$120,000 - $23,289 = $96,711
Hence, $96,711 would be the new income following taxes.
The increase in after-tax income due to the new employment is determined by deducting the prior after-tax income from the present after-tax income as follows:
$96,711 - $67,219 = $29,492
Thus, the additional after-tax income from the new position would be $29,492.
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a(n) difference in cash occurs when a company records a transaction either before or after the bank records the same transaction.
The difference in cash that occurs when a company records a transaction either before or after the bank records the same transaction is known as a "bank reconciliation difference."
What is the bank reconciliation difference?When a company records a transaction, such as a check payment or a deposit, it records it in its own books, which may not necessarily match the timing of the transaction being processed by the bank. The timing difference between the company's records and the bank's records can result in a difference in the company's cash balance.
For example, if a company writes a check for $1,000 and records the payment in its books, but the bank has not yet processed the check, the company's cash balance will be overstated by $1,000. Conversely, if the bank has processed the check but the company has not yet recorded it in its books, the company's cash balance will be understated by $1,000.
To reconcile these differences, a company can perform a bank reconciliation, which is the process of comparing the company's records to the bank's records and identifying any differences. The company can then adjust its records to reflect the correct cash balance.
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3. a marxist solution to economic crisis of overproduction would be: group of answer choices a socialist economy with government ownership of banks and businesses since economic instability is based on the exploitation of workers and reinvestment of profits. allowing business to go bust since to clear the ground for new firms and technology. laissez-faire or free market policies since the economy will tend towards full employment on its own. government stabilization through changing spending, taxes, and interest rates.
According to Marxist theory, the economic crisis of capitalism arises. This crisis occurs when capitalists produce more goods than the market can absorb.
Out of the answer choices provided, the closest option to a Marxist solution to economic crisis of overproduction would be a socialist economy with government ownership of banks and businesses, since this would allow for greater democratic control over the economy and ensure that resources are allocated in the interest of the broader community rather than for the benefit of a small capitalist class. This would also allow for the reinvestment of profits in socially useful sectors, rather than solely for the purpose of generating profit for the owners.
Allowing businesses to go bust would not be a viable solution according to a Marxist perspective, as this would lead to further unemployment and a greater concentration of capital in the hands of the remaining capitalists. Similarly, laissez-faire or free market policies would not address the underlying contradictions of capitalism that lead to economic crises of overproduction.
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what did the waiter say when the customer asked what is this insect in my soup
Answer:
The waiter might say something like, "I'm sorry sir/ma'am, let me take care of that right away. I'll bring you a fresh bowl of soup." or "Oh no, I apologize. I'll remove the insect and bring you a new bowl immediately." The main objective of the waiter would be to quickly rectify the situation and make the customer happy.
Explanation:
A _____ centralizes its management and other decisions in the home country.A) global companyB) glocal companyC) multidomestic corporationD) transnational organizationE) borderless organization
A multidomestic corporation centralizes its management and other decisions in the home country.
A multidomestic corporation is a type of multinational corporation that operates in multiple countries and customizes its products, services, and business strategies to meet the specific needs and preferences of each local market. In other words, a multidomestic corporation decentralizes its operations and decision-making authority to its subsidiaries in each country, allowing them to adapt to the local environment and culture. This approach allows the corporation to be more responsive to local market conditions and gain a competitive advantage over companies that use a standardized global approach. However, it can also lead to inefficiencies and duplication of effort across different markets.
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trio company reports the following information for its first year of operations. direct materials $ 11 per unit direct labor $ 15 per unit variable overhead $ 5 per unit fixed overhead $ 284,200 per year units produced 20,300 units units sold 17,000 units ending finished goods inventory 3,300 units 1. compute the product cost per unit using absorption costing. 2. determine the cost of ending finished goods inventory using absorption costing. 3. determine the cost of goods sold using absorption costing.
the cost of finishing concluded absorption costing is $4,090. To calculate the product cost per unit using absorption costing, we must include all variable and fixed production expenses.
is: Direct materials + direct labor + variable overhead + (number of units produced) = $11 + $15 + $5 + ($284,200 20,300) = $11 + $15 + $5 + $14 = $45 per unit. As a result, considering absorption costs, the product cost per unit is $45. To calculate the cost of terminating finished goods inventory using absorption costing, multiply the product cost per unit by the number of units in the inventory Ending completed goods inventory cost = product cost per unit x number of units in inventory = $45 x 3,300 = $148,500 As a result, the cost of finishing concluded To calculate the product cost per unit using absorption costing, we must include all variable and fixed production expenses. The entire cost of production per unit is Direct materials + direct labor + variable overhead + (number of units produced) = $11 + $15 + $5 + ($284,200 20,300) = $11 + $15 + $5 + $14 = $45 per unit. As a result, considering absorption costs, the product cost per unit is $45. To calculate the cost of terminating finished goods inventory using absorption costing, multiply the product cost per unit by the number of units in the inventory. Ending completed goods inventory cost = product cost per unit x number of units in inventory = $45 x 3,300 = $148,500 As a result, the cost of finishing concluded absorption costing is $4,090.
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how is a serial entrepreneur different than a social entrepreneur?
Answer:
Serial entrepreneur and social entrepreneur difference.
Explanation:
Serial entrepreneurs are creative in their ideas and from those ideas they can create business strategies for business growth. They increase their profit by their ideas and can use that money for a new start up. Examples could be stall outside the college or schools.
They educate themselves about the opportunities around them and do educate themselves about those opportunity from which they can earn profit.
Social Entrepreneurs they are community based problem solver. They develop solutions which directly include social issues. Their focus is more into purpose. They have great business sense. Their business basically goes around the society welfare.
For example providing food for underprivileged children or provide stationery to school going students.
A serial entrepreneur is an individual who starts and manages multiple businesses in succession, while a social entrepreneur is an individual who focuses on creating social change and promoting social good.
Serial entrepreneurs are typically motivated by profits, while social entrepreneurs are driven by their mission of making a positive difference in the world.
A serial entrepreneur is an individual who starts and runs multiple businesses, often simultaneously. They are known for their ability to identify and capitalize on new business opportunities, and they typically have a strong focus on profit and financial success. In contrast, a social entrepreneur is an individual who starts and runs a business with the primary goal of addressing a social or environmental problem.
While they may still generate profits, their main focus is on creating positive change and making a difference in the world.
Both types of entrepreneurs are important and play important roles in the business world, but they have different motivations and approaches to entrepreneurship. A serial entrepreneur is focused on building successful businesses and generating profits, while a social entrepreneur is focused on creating positive social or environmental impact.
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How can your money personality affect your ability to save?
Investors and savers may overlap in personality traits when it comes to managing household money.
What impact does your money personality have?
Money personalities influence how we behave when making financial decisions and how we spend, save, and invest. Successful people come in a variety of shapes and sizes, but one thing they all have in common is that they are aware of their own financial personalities.
Money personalities shape how we act when making financial decisions, as well as how we spend, save, and invest. Successful people come in all shapes and sizes, but they all have one thing in common: they are aware of their own financial personalities.
Therefore, Big spenders and shoppers often have similar habits, but big spenders tend not to worry about debt, and shoppers may spend more time hunting for bargains.
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assuming that this is a closed economy with no crowding out, which of the following best describes the impact that a$100$100dollar sign, 100 billion increase in government spending will have on this economy?
Option a) Aggregate demand and real output will eventually increase by only $400 billion, and the price level will increase.
Gross domestic product is the monetary value of all finished goods and services produced within a country over a specified period of time.
GDP can be calculated in three ways using expenditure, production or income, and can be adjusted for inflation and population for greater insight.
GDP provides a snapshot of a country's economy. It is used to estimate the size of the economy and its growth rate.
Real GDP takes into account the effects of inflation, but nominal one/GDP does not.
Despite its limitations, GDP is an important/pious tool to guide policy makers, investors and businesses in making strategic decisions.
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Complete question:
An economy is currently producing real GDP that is $500 billion more than it's full employment output. It is also experiencing an undesirable amount of inflation. Its marginal propensity to consume is 0.750.750, point, 75.
Assuming that this is a closed economy with no crowding out, which of the following best describes the impact that a $100 billion increase in government spending will have on this economy?
a) Aggregate demand and real output will eventually increase by only $400 billion, and the price level will increase
b) Aggregate demand and real output will eventually increase by only $300 billion, and the price level will increase
c) Aggregate demand and real output will eventually increase by only $100 billion, and the price level will increase
What is the first step of the selection process?
The first step of the selection process is typically to review the job application or resume to determine if the candidate meets the minimum qualifications for the position. This step is also known as the initial screening.
Which five stages of the choosing procedure are there?Open the demand, screen the applicants, interview the prospects, choose the best, and make the offer are the five distinct stages of the hiring process that recruiters can help hiring managers with.
What is the method of selection?The selection procedure refers to choosing the best applicant with the necessary skills and qualities to fill the position in the business. The selection procedure is a complicated one that takes a long time. There are several steps before the choice is made.
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what would happen to optimum population size from the point of view of sauvy's economic optimum if overhead (e.g., tribute paid to outsiders) were increased?
If the overhead were to increase, the optimal population size would decrease from the point of view of Sauva's economic optimum. Additionally, overhead costs can be considered a kind of tax that would further reduce the amount of resources available to the population.
An increase in overhead would lead to a reduction in the amount of resources available to the population, which would make it more difficult for the population to maintain a sustainable level of economic growth. With fewer resources available, the population would have to decrease to maintain the same level of economic growth. Consequently, the optimal population size would decrease in response to an increase in overhead.
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according to economist hernando de soto, the key issue in the relationship between capitalism and property rights is the inability of owners to
According to economist hernando de soto, the key issue in the relationship between capitalism and property rights is the inability of owners to establish legal title on the property they own .
What is the study of economics?
Economics is the study of scarcity and its effects on the use of resources, the production of products and services, the growth of production and welfare through time, and a wide range of other complicated issues of essential significance to society.
Who or what is an economist?
An economist is a specialist who researches how a society's resources and its output or production are related. Economists research all facets of society, from little local groups to entire countries and even the global economy.
By gathering and analyzing data, looking into trends, and assessing economic concerns, economists investigate the production and distribution of resources, goods, and services.
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assume that suvs are normal goods. data shows that household income increased in 2021, and the chip shortage has decreased the supply of cars and suvs. as a result, you can expect
We can anticipate that the price of cars has gone higher due to the chip scarcity, which has reduced the Supply of cars.
Supply: What Is It?A basic economic notion of supply refers to the total amount of a given commodity or service that is made available to consumers. When shown as a graph, supply can refer to the amount that is offered at a set price or the quantity that is offered over a range of prices.
Does greater supply equate to lower prices?When demand is constant, there is a inverse correlation between supply and the cost of products and services. Prices tend to drop to a lower price level and a greater equilibrium quantity of goods and services if supply in goods and services increases while demand stays the same.
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using cash break-even analysis, what is deducted from fixed costs to arrive at the break-even point?
In cash break-even analysis, variable costs are deducted from fixed costs to arrive at the break-even point.
In cash break-even analysis, fixed costs are deducted from total revenues to arrive at the contribution margin, which is the amount that covers variable costs and contributes to profit. The contribution margin is then divided into fixed costs to determine the break-even point, which is the level of sales at which the business neither earns a profit nor incurs a loss. By deducting fixed costs from the contribution margin, cash break-even analysis takes into account the cash flow impact of sales on the business. It allows the business to determine the minimum amount of cash needed to cover fixed costs and keep the business afloat.
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the minimum connection between a state and a business that subjects the business to the state's taxes is:
State and neighborhood governments accumulate tax revenues from three fundamental sources: income, sales, and property taxes.
What is the notion of taxation?Taxation is a term for when a taxing authority, generally a government, levies or imposes a economic responsibility on its citizens or residents. Paying taxes to governments or officers has been a mainstay of civilization seeing that ancient times.
Income of previous year is taxable in the next following assessment yr at the price or fees relevant to that evaluation year. However, there are positive exceptions to this rule. For Example, Tax in the identical Financial Year – a) Income of non-resident from transport (Sec.
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https://brainly.com/question/30157668#SPJ4jack retired five years ago and now lives on a fixed-income annuity and a small savings account that pays him 1% interest on the balance. the current inflation rate is 1.7%. 2. jill has worked at her current position without a raise for 4 years. because inflation has risen 5% over the course of the 4 years, she has struggled to pay day-to-day living expenses and her house payment. she asked her employer for a raise and he gave her a 6% raise because she is such a good worker. 3. wendy manages a bank in the local area. the previous manager made several fixed-rate loans to customers at low interest rates to bring in new depositors. inflation is now rising at 3% per year. 4. leia just read that the national debt owed by the federal government is at an all-time high. (explain any possible impact on the federal government from unexpected inflation.)
Inflation can have significant effects on individuals, businesses, and the economy as a whole.
Inflation is eroding the purchasing power of Jack's fixed-income annuity and his savings account. The real value of his income and savings will decrease as the cost of living increases. Therefore, he may have to adjust his spending habits to maintain his standard of living.Jill's purchasing power has been eroded by inflation over the past four years. Even with a 6% raise, she may still struggle to maintain her standard of living if inflation continues to rise. If her raise is not at least equal to the rate of inflation, she will effectively receive a pay cut.Wendy's bank may be impacted by unexpected inflation if the fixed-rate loans it made become less profitable. If the inflation rate rises higher than the interest rate on the loans, the bank's profits on the loans will decrease. Additionally, the bank may experience a decrease in demand for new loans, as borrowers may be hesitant to take on new debt in a high-inflation environment.The impact of unexpected inflation on the federal government can be significant. If the inflation rate is higher than expected, the real value of the government's debt will decrease.To learn more about Inflation please click on below link.
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