Carol anne makes candles. Her total revenue will be a $500 if she sells 25 candles.
Option C is correct.
What does total revenue mean?Gross revenue is the gross income a business receives from the sale of goods and services. Determine how much profit a company is making from its core business based on demand and price.
What is the total income on the income statement?Gross sales is sales before expenses are deducted in the income statement. This is the top line of the income statement and the bottom line representing net profit or profit. Net income is a measure of what is left after deducting expenses.
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Hazardous Waste Management Basics Training.TrueFalse
Hazardous waste management is the disciplined organization of the collection, source separation, storage, transportation, processing, treatment, recovery, and disposal of hazardous wastes.
Define Hazardous Waste.Hazardous waste is waste that currently or potentially endangers the environment or public health. Hazardous waste is a type of dangerous product. They frequently have the following dangerous qualities: ignitability, reactivity, corrosivity, and toxicity.
Hazardous Waste Management Training is designed as a broad review of the regulatory requirements for handling hazardous waste. It is aimed for hazardous waste handlers, managers, and supervisors who are responsible for helping them to understand the law and comply with it.
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the study also explains the difference between traditional and digital marketing.
Traditional Marketing is not cost-effective. Digital Marketing is more cost-effective-promoting. It is not so good for Brand building.
What exactly does marketing mean?For the purpose of generating, conveying, delivering, and trading offerings that are valuable to customers, clients, partners, and society at large, marketing refers to a variety of activities, institutions, and procedures.
The importance of marketingThe benefit of marketing to your company is that it informs consumers about your goods and services, engages them, and influences their decision to purchase. A marketing strategy, which should be a component of your business plan, can also aid with demand creation and maintenance as well as relevancy, reputation management, and competitiveness.
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_______ accounting serves internal users, whereas _______ accounting serves external users.
Managerial accounting serves internal users, whereas financial accounting serves external users.
Managerial accounting, also known as management accounting, is a process of accounting that creates statements, documents, and reports that help management in making better decisions in regard to their business performance. Managerial accounting primarily serves internal purposes. In contrast, financial accounting is the method of recording, summarizing, and reporting an organization's business transactions through financial statements. These statements include the income statement, the cash flow statement, the balance sheet, and the statement of retained earnings. Financial accounting is usually used to serve external users for decision making.
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A. Preparing a cash flow forecast helps a company to avoid __________.
net losses
liquidity
opportunity costs
higher financing costs
B. Why are ethical issues complicated for businesses that operate in the global economy?
Because their employees won't know what the laws are in other countries.
Because they tend to have more employees.
Because different cultures have different norms and values.
Because they don't have as much moral character as small, local businesses.
C. The pro forma balance sheet shows how the __________ resulting from a strategic plan will be financed.
AFN
equity
inventory
sales forecast
A. Preparing a cash flow forecast helps the company to avoid net losses.
What does a cash flow forecast serve?Forecasts of a company's future cash position are known as cash flow forecasts. A cash flow forecast typically presents the anticipated cash inflows and expenditures for a specific future period, providing a forecast of the company's anticipated net cash flow for that time period. The statement of cash flows is one of the most important financial reports to understand because it provides in-depth information about how a company makes and uses money. Regardless of your position, you can make better, more informed decisions by knowing how to prepare and analyze cash flow statements.
B. The ethical issues are complicated for businesses that operate in the global economy because they don't have as much moral character as small, local businesses.
C. The pro forma balance sheet shows how the AFN resulting from a strategic plan will be financed.
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a benefit of internet advertising is the ability to directly measure advertising effects.true or false
Directly measuring the results of marketing advertising is one advantage of online advertising. is accurate.
Online marketing, often known as Internet marketing, digital marketing, or web marketing, is a branch of marketing and advertising that uses the Internet to reach target audiences and platform users with advertisements for products and services.a Online advertising includes practices including email marketing, search engine marketing, social media marketing, numerous display ad formats, and mobile advertising. The transmission of adverts via automated software platforms that work across various websites, media services, and platforms is referred to as programmatic advertising. Similar to other forms of advertising media, internet advertising typically consists of a publisher who integrates advertisements into its online content and an advertiser who provides the advertisements to be displayed on the publisher's content.
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northwest fur co. started 2021 with $99,000 of merchandise inventory on hand. during 2021, $530,000 in merchandise was purchased on account with credit terms of 4/15, n/45. all discounts were taken. purchases were all made f.o.b. shipping point. northwest paid freight charges of $7,600. merchandise with an invoice amount of $3,200 was returned for credit. cost of goods sold for the year was $362,000. northwest uses a perpetual inventory system. assuming northwest uses the gross method to record purchases, what is the cost of goods available for sale?
Cost of Goods Available for Sale is $602,710.The cost of goods available for sale is the beginning inventory plus the total purchases minus the total returns. Therefore, the cost of goods available for sale is calculated as follows:
Beginning Inventory: $99,000
Total Purchases: $530,000 - 4/15 Discount Taken ($530,000 x 0.9667) = $514,510 - Freight Charges ($7,600) = $506,910
Total Returns: $3,200
Cost of Goods Available for Sale: $99,000 + $506,910 - $3,200 = $602,710
Cost of goods sold is the total amount your business paid as a cost directly related to the sale of products. Depending on your business, that may include products purchased for resale, raw materials, packaging, and direct labour related to producing or selling the good.
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Why are transfer payments not included as a government expenditure when calculating GDP?
The Transfer payments are not included as a government expenditure when calculating GDP as they are counted as personal consumption expenses.
A transfer payment is a payment to a person or organization which has given or exchanged no goods or services for it. They do not reflect an economy's production.
Gross domestic product is a monetary measure of the market value of all the final goods and services produced and sold in a specific period by countries. It includes goods and services produced for sale in the market and some non-market productions like education services.
While GDP considers government expenses, it does not consider social security payments, as these do not have any final demand. The transfer of payment made for the purchase of goods or services will be considered as consumption in GDP.
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if the fed carries out an open market operation and sells u.s. government securities, the federal funds rate falls and the quantity of reserves decreases.
If the fed carries out an open market operation and sells u.s. government securities, the federal funds rate rises, and the quantity of reserves decreases. Option E
What is an open market operation?Generally, One of the most important tools that the Federal Reserve employs in the process of putting monetary policy into action is known as open market operations, or OMOs for short.
These OMOs include the buying and selling of assets on the open market by the central bank. The Federal Open Market Committee is in charge of determining what the short-term goal for open market operations should be.
The Federal Reserve moves the federal funds rate and influences other interest rates via the use of open market activities. This is done in order to either speed up or slow down the economy.
The Federal Reserve may expand the money supply and decrease the fed funds rate by acquiring, in most cases, assets issued by the Treasury.
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CQ
If the Fed carries out an open market operation and buys U.S. government securities, the federal funds rate and the quantity of reserves
falls; increasesrises; increasesfalls; decreasesrises; does not changerises; decreasesif sales budget variance is $57,000 and flexible budget amount is $97,000, then static budget amount will be
the solution Static budget = Flexible budget - Variance in sales budget = $97000 - $57000 = $40,000.
Static budgetA static budget does not alter for any reason over its entire life cycle. This budget, once generated, remains - well - static! A static budget is unaffected by external circumstances such as your company's progress during the year. Static budgets, like zero-based budgets, are produced based on your company's or department's targeted objectives and outcomes rather than routinely inflating the prior budget by a specified amount. Static budgets start with the previous year's budget and then account for any changes to identify where your budget may be fine-tuned on the micro level while still retaining the macro focus on attaining long-term goals. Companies compute and convey the expected cost of reaching a particular objective.
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With an interest-bearing note, the amount of assets received upon issue of the note is generally Select one: A. equal to the note's maturity value plus interest. B. greater than the note's face value. C. less than the note's face value. D. equal to the note's face value.
The correct answer is D) equal to the note's face value. When a note bears interest, the assets obtained at the time of issuance typically match the note's face value.
the process through which a government or bank prints a certain amount of fresh paper money and makes it usable: No law, not even the Federal Reserve Act, has ever specifically declared that the federal government has a monopoly on note issuance in the United States.
Our investment is backed by the underlying mortgage rather than the underlying property in a note-on-note transaction.
Because they reflect the value that a company is owed in promissory notes, notes receivable are considered an asset. Accounts Receivable vs. Accounts Payable is a subject that is closely related.
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think about a change made by your department at unt or your workplace that you resisted. why did you resist the change? what could the organization have done to reduce resistance to the change?
When it comes to organizational change, one of the biggest obstacles is resistance to change. People resist change because change disrupts habits, conflicts.
Why Do Organizations Change?
The transition of an organization from one condition of affairs to another is referred to as organizational transformation. Various sorts of organisational transformation are possible. Changes to a company's structure, strategy, rules, practices, technology, or culture may be necessary. A change in the environment may compel an organisation to make the change, or it may be planned out years in advance. Organizational change may be drastic and affect how an organization functions, or it can be gradual and change how things are done over time. Change requires letting go of the old methods of doing things and adapting to the new ones, regardless of the type. As a result, at its core, it is a process that requires efficient people management.
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the length of time for which a business summarizes its financial information and reports its financial performance.
The length of time for which a business summarizes its financial information and reports its financial performance is called a fiscal period.
What is a fiscal period?A fiscal period or fiscal year can be defined as a 12-month period in which a business entity will account for all transactions dealing with that particular company. The 12-month period does not necessarily coincide with the calendar year or January 1st to December 31st. The fiscal period concept is used by companies since it is easier to calculate the financials if the company financials is similar to the natural business cycle of the company.
Fiscal periods are a type of classification record, which states that they exist in a hierarchy.
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which of the following are characterized by network externalities? which are not? explain. a. the choice between installing 110-volt electrical current in structures rather than 220-volt the choice is not characterized by network externalities. your use of 110-volt or 220-volt current does not affect others' enjoyment of either kind of current. the choice is characterized by network externalities. electricity voltage dictates what type of appliances and other electrical equipment can be used in your house. using a voltage that is not widely adopted limits your choices of these items. the choice is not characterized by network externalities. a sufficiently robust market for 110-volt and 220-volt equipment exists in most areas. the choice is characterized by network externalities. using a higher voltage puts strain on the electrical grid, generating external costs for your neighbors. b. the choice between purchasing a toyota versus a ford the choice is characterized by network externalities. your choice of a toyota or a ford will reaffirm the choices of those other consumers who made the same choices as you. the choice is not characterized by network externalities. a sufficiently robust market exists for both parts and service for these makes of vehicle, so you can expect to keep either vehicle in good repair. the choice is characterized by network externalities. any additional car on the road contributes to traffic congestion, so choosing either a toyota or a ford will impose external costs on other drivers. the choice is not characterized by network externalities. your choice of car does not affect others' enjoyment of their car. c. the choice of a printer, where each printer requires its own specific type of ink cartridge the choice is characterized by network externalities. the prevalence or scarcity of different printers affects the availability of ink cartridges. the choice is not characterized by network externalities. that different printers take different cartridges means that buyers of printers are really comparing printer cartridge bundles. a rational consumer should be able to sort out the relative strengths of packages just as well as individual printers. the choice is not characterized by network externalities. your choice of printer does not help or harm other users of similar or different printers. the choice is characterized by network externalities. the lack of a universal ink cartridge imposes external costs in the form of higher prices from each printer firm retaining market power in the ink market. d. the choice of whether to purchase an ipad air or an ipad mini. the choice is characterized by network externalities. screen size is related to screen brightness, which may affect the people surrounding users of each type of tablet. the choice is characterized by network externalities. purchasing an ios device increases the market size for ios apps, making ios devices more valuable. the choice is not characterized by network externalities. each device can perform the same functions as the other and has the same suite of available apps. the choice is not characterized by network externalities. the markets for ipad air and ipad mini apps are sufficiently robust to accommodate either choice.
A network externality is what distinguishes options a and c. Network externalities are not present in b and d.
Why do they have network externalities that define them?a. Appliances and other electrical devices employing a specific electricity standard are more widely available the more widely that standard is used.
c. You want to make certain that you will be able to find a cartridge for your printer in the future. Your sort of printer might not be able to discover a cartridge if there aren't many people who use it; however, if there are, you have a far better chance of finding one.
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suppose government official in a small open economy decided they wanted their currency to weaken in order to boost exports. what kind of foreign exchange market intervention would they have to make to cause their currency to depreciate? what would happen to domestic interest rates in that country if its central bank doesn't take any action to offset the impact on interest rates of the foreign exchange intervention.
Foreign exchange market intervention would have to make to cause their currency to depreciate by buying and selling currencies in the foreign exchange market.
They would boost their money supply and devalue their currency if they purchased foreign reserves. Interest rates would decline as a result of the expanded money supply. When a country changes its exchange rate, the value of its foreign reserves, expressed in local currency, also changes; this shift in the ladder may result in a gain or loss for the central bank in domestic currency.
By buying and selling currencies on the foreign exchange market, monetary authorities intervene in the foreign exchange market to modify exchange rates. Intervention in the foreign exchange market aims to stabilize and restrain excessive volatility in exchange rates.
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Wendall And Shirley Want To Go Into Business Together And Plan On Offering A Tutoring Service To High School And College
The answer to the question given above about, forming cooperation that would result in double taxation is Yes, a double tax problem would arise.
Yes, Forming cooperation would result in Wendall and Shirley with double taxation, as shareholders would likewise be forced to pay taxes on dividends and the cooperation would be required to pay taxes on its profits.
A company, often known as a C corp, exists in law independently from its owners. Corporations can make money, pay taxes, and deal with legal repercussions.
Although founding cooperation is more expensive than creating other forms of companies, it offers owners the strongest defence against personal liability. A C corp also needs to report, operate, and maintain records in more detail.
The complete question would be:
Wendall and Shirley want to go into business together and plan on offering a tutoring service to high school and college students. Wendall proposes that they share control of the business and split profits equally and not bother with a written agreement.
Shirley, however, is concerned about being able to pay their debts because they will have to rent tutoring space and purchase computers and supplies. She is also concerned about parents and students who may sue if the students' test scores do not improve. She tells Wendall that she just bought a new motorcycle and truck and that she does not want her assets to be in jeopardy.
Shirley tells Wendall that they should form a corporation to shield their personal assets. Wendall, however, says their personal assets are not in danger with his proposal because they are a business and that, furthermore, forming a corporation would likely result in double taxation.
Is Wendall correct that forming a corporation would likely result in double taxation?
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stock xyz is trading at $100 and pays no dividends. the interest rate is 5% continuously compounded and an (at-the-money) straddle costs $10. what are the prices of one-year at-the-money european calls and puts?
The price difference between European put and call options with the same underlying asset, strike price, and expiration is known as put-call parity.
How much does a European put option cost?Either zero or the difference between the exercise price and the underlying price, whichever is larger, is the value of a European put option at the time of expiration.
What is the put option's maximum cost?The possible inflow of the exercise price minus the corresponding outflow of the stock price determines the maximum value of a put. When the stock price is at its highest point, this quantity reaches its maximum value. The put value will then be equal to the exercise price.
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Which of the following is a tax on a good imported into a country?
a. a tax on imports only.
b. a tax on exports only.
c. a tax on either imports or exports.
d. a luxury tax.
When commodities are carried across international boundaries, customs duty is a tariff or fee levied. By regulating the flow of goods into and out of a country, particularly those that are restricted or prohibited, customs duty aims to protect each nation's economy, citizens, jobs, environment, etc.
What word describes an import duty?The tariff Other names for import duty include customs duty, tariff, import tax, or import tariff. When imported products initially arrive in the nation, import duty is imposed. Import taxes are directly influenced by a number of international organisations and treaties.
What kind of tax do imports and exports fall under?Customs duties are the right response. Custom duties are the name of the tax levied on goods imported and exported.
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what actions will help you stick to your exit strategy? letting someone else make the decisions for you initiating stop-loss orders not selling stocks - ever - like warren buffett does playing devil's advocate when making decisions
The process of initiating stop-loss orders is one of the actions that helps in sticking to an investor's exit strategy. Therefore, the option B holds true.
An exit strategy can be referred to or considered as a strategy, which is implemented by an investor while being actively involved in monetary engagement of a class of investment. Usually, such strategies are implemented only when the financial goals related to the investment that were predetermined have been met or realized by the investor through such monetary engagement.
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Activity-based costing eliminates the need for overhead allocation rates. True False
Activity-based costing eliminates the need for overhead allocation rates. This statement is false.
What is the purpose of activity-based costing?ABC is a technique for allocating overhead and indirect costs, such salaries and utilities, to goods and services. The ABC system of cost accounting is built around activities, which are defined as any occasion, project, or task with a clear objective.
According to ABC, costs are produced by resource-consuming activities, not by outcomes. All cost accumulation methods, including task order and process costing, are compatible with ABC.
Activity-based costing offers a more precise way to calculate the costs of goods and services, which results in more precise price decisions. By making expensive and non-value-adding operations more visible, it improves understanding of overheads and cost drivers and enables managers to decrease or eliminate them.
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which of the following is an analytical report? group of answer choices a report to determine whether a company should outsource its customer support function a report on quarterly sales at a restaurant location a report on the progress of a task force investigating ways to decrease overtime costs a report to stockholders showing the company's profits for the last quarter
A report to determine whether a company should outsource its customer support(customer service) function is an analytical report.
What is customer support(customer service)?Customer support includes a variety of services that help customers use a product in an economical and successful manner. It covers assistance with product disposal as well as planning, setup, training, troubleshooting, maintenance, and upgrades. Technical support refers to assistance with technology-related devices including computers, televisions, mobile phones, software, and other mechanical or electronic goods.
When a situation doesn't require a quick response, the main ways to provide web-based assistance to your consumers are by phone and email. One advantage of email-based communications is that it is inexpensive, unobtrusive, and accessible from anywhere at any time. In order to manage a string of follow-up communications with a specific customer, trouble ticketing systems and CRM applications are used.
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hepburn company bought a copyright for $90,000 on january 1, 2021, at which time the copyright had an estimated useful life of 15 years. on january 5, 2024, the company determined that the copyright would expire at the end of 2029. how much should hepburn record as amortization expense for this copyright for 2024?
Hepburn record as amortization expense for this copyright for 2024 is $12,000
Amortization considers the cost over the life of a long-term asset (such as a computer or vehicle). Also known as depreciation expense, it appears on the company's income statement.
Calculating the problem:Cost of copyright = $90,000
date of purchase = January 1, 2021
Estimated useful life = 15 years
Annual amortization expense = Cost of equipment / Useful life
= 90,000/15
= $6,000
Accumulated amortization expense for 3 years = Annual amortization expense x 3
= 6,000 x 3
= $18,000
Book value of copyright at January 5, 2024 = Cost of copyright - Accumulated amortization expense for 3 years
= 90,000-18,000
= $72,000
On January 5, 2024, it was that copyright will expire at the end of 2029. Hence, remaining useful life of copyright is 6 years.
Accumulated amortization expense for remaining 6 years = Book value of copyright at January 5, 2024/ Remaining useful life
= 72,000/6
= $12,000
What is amortization?Amortization is an accounting technique used to reduce the book value of a loan or intangible asset periodically over a specified period of time. For loans, amortization focuses on the distribution of loan payments over time. Depreciation is similar to depreciation when applied to assets.
Is depreciation a liability or an expense?Depreciation, an accounting concept similar to depreciation, is the gradual reduction of an asset or liability by a specified periodic amount. For assets, the point is to consume the item over the period of time it is expected to be consumed.
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David, a member, is a sole practitioner CPA who provides bookkeeping, financial statement, and tax preparation services to Chiro Practical, Inc., a corporation with two equal shareholders, Kathy and Leeah. David has provided services to Chiro Practical, Inc. for approximately five years, during which time he has dealt exclusively with Kathy on all matters relating to David's engagement with the corporation. A dispute has developed between Kathy and Leeah over various business matters. Pursuant to this dispute, Leeah has requested financial reports and records that were previously provided to Kathy, who has held herself out as the client's representative during the entire term of David's engagement with the company. Is David obligated to provide the same records to Leeah that he has already provided to Kathy?
A) Yes because Leeah is also an equal shareholder in the corporation.
B) No because David has already provided the records to Kathy.
C) If Leah was a majority shareholder, David would be obligated to provide the records to her.
D) The AICPA Code of Professional Conduct does not address this issue.
A) Yes because Leeah is also an equal shareholder in the corporation.
Each shareholder of a business has an equal say in the business.
A shareholder of a corporation is an individual or legal entity that is registered by the corporation as the legal owner of shares of the share capital of a public or private corporation. Shareholders may be referred to as members of a corporation.
Hence, Both Leeah and Kathy are obligated to know about the corporation and the details as both are the shareholders in the organization.
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4. the camerons are both retired. they managed to run a highly successful nursery and want to pass it on to their children. the nursery covers almost 100 acres and is valued at $15,000,000. they are concerned over the fact that neither they nor their children have enough money to pay the estate tax. the estate tax rate is 45% on all assets transferred after the first $2,000,000. how much insurance do they need and what type of insurance is most appropriate?
life insurance is most appropriate and they should insurance of $3800000, he camerons are both retired. they managed to run a highly successful nursery and want to pass it on to their children.
life insurance is most appropriate and they sholud insurance of $3800000($15000000-11200000), because $11200000 is the exemption limit, A contract including insurance provides one party with protection from damages resulting from particular calamities or risks. It helps shield the insured person or their family from monetary loss. There are numerous varieties of insurance plans. The most popular types of insurance are life, health, car, and homeowners. The three most significant types of insurance—property, liability, and life—are then covered in more detail.
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helen is a graduate student at a state university. in 2021, she received a scholarship of $10,500 ($7,000 for tuition and fees and $3,500 for campus housing) and a graduate assistantship that pays $6,000. what is the amount that she must report on her tax return?
The amount that she must report on her tax return is $9,500
What is tax ?A tax is a mandatory financial charge or other kind of levy placed on a taxpayer by a government agency to pay for government expenses and other public expenditures.
According to the given information
Amount she needs to disclose on her tax return
= Cost of campus housing + Amount for graduate assistantship
= $3,500 + $6,000
= $9,500
Scholarship used for tuition fees is exempt from tax
Hence
The amount that she must report on her tax return is $9,500
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On a graph, the area below a demand curve and above the price measures willingness to pay, deadweight loss. consumer surplus producer surplus.
On a graph, the area below a demand curve and above the price measures consumer surplus.
Consumer surplus is represented by the area under the demand curve and above the price that the consumer pays.
Consumer surplus is an economic measurement of consumer benefits resulting from market competition. A Consumer surplus happens when the value that purchasers pay for an item or administration is not exactly the cost they're willing to pay. It's a proportion of the extra advantage that shoppers get on the grounds that they're paying less for something than what they were able to pay.
Financial experts characterize purchaser surplus with the accompanying condition:
Customer excess = (½) x Qd x ΔP
where:
Qd = the amount at equilibrium where organic market are equivalent
ΔP = Pmax - Pd, or the cost at balance where market interest are equivalent
Pmax = the value a customer will pay
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a loan of 1000 is made at an nominal interest rate of 12% compounded quarterly. the loan is to be repaid with three payments: 400 at the end of the first year, 800 at the end of the fifth year, and the balance at the end of the tenth year. calculate the amount of the final payment.
As there is a loan of 1000 with an interest rate of 12% annually and 3% quarterly or it can be said that 1% monthly.
The amount of final payment that is the balance at the end of tenth year is 675. Hence, Option C is correct.
Money borrowed from a bank or other financial organisation is known as a loan. The borrower consents to repay the loan's principle plus interest. There are many different kinds of loans, such as auto loans, student loans, and mortgages.
As there is an Interest of 12% that is adjusted on the basis of quarterly adjustments. This means that there is an interest of 3% or 0.03.
Year 1, has 12 months and the loan amount is 1000, there is a payment made of 400.
Year 5, has 60 months and payment is 800.
Year 10, has 120 months and the balance amount calculation is:
1000 *(1.03)^(120) - 400 *(1.03) ^(108) - 800 *(1.03) ^(60) - x = 0
675 = x
The balance at the conclusion of the tenth year is the last payment, which is 675. Option C is correct.
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The complete question has been attached in test form:
A loan of 1000 is made at a nominal interest rate of 12% compounded quarterly. The loan is to be repaid with three payments: 400 at the end of the first year, 800 at the end of the fifth year, and the balance at the end of the tenth year. calculate the amount of the final payment.
(A) 613 (B) 675 (C) 737 (D) 799 (E) 861
Which of the following are the two key groups of participants in the circular flow of income? yA, households and firms OB. ° C. government and financial institutions 0 D. domestic residents and foreign residents
The two key groups of participants in the circular flow of income are Households and firms. The correct answer is A.
The circular flow model is a diagram that economists use to visualize have two key group of participants which is households (also known as families or individuals) and firms interact (aka businesses or corporations). This model demonstrates how families supply businesses with labor that aids in producing goods for sale. Families or people who purchase these products from businesses are considered households in return.
The circular flow model, commonly known as the circular flow of income, merely illustrates how money moves between households and businesses.
For instance, when people buy products from businesses, those businesses pay people—who are the workers—their earnings and salaries. The economy uses a variety of methods to move money around.
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the primary purpose of cost/volume/profit (cvp) analysis is to a. find out which menu items are most profitable. b. identify the amount of sales revenue needed to avoid an operating loss. c. forecast future sales more accurately. d. estimate an operation's income before income taxes.
The primary purpose of cost/volume/profit (CVP) analysis is to identify the amount of sales revenue needed to avoid an operating loss.
In accounting, revenue is the entire quantity of income generated by using the sale of goods and services related to the number one operations of the business.[1] industrial revenue can also be referred to as income or as turnover. some groups acquire revenue from interest, royalties, or different prices.[2] "sales" may check with profits in widespread, or it may consult with the amount, in a monetary unit, earned all through a time frame, as in "closing year, employer X had sales of $42 million". profits or net income generally suggest overall sales minus overall fees in a given period. In accounting, inside the stability assertion, revenue is a subsection of the equity section and revenue will increase fairness, it is often called the "top line" due to its function at the income statement on the very top.
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Which of the following may be done as a corrective action in the control process?
Multiple choice
Align processes with goals.
Evaluate performance and take action.
Compare performance to standards.
Establish standards.
Compare performance to standards of the following may be done as a corrective action in the control process. Thus, option (c) is correct.
What is control process?The control process is the thorough collection of information about a system, process, individual, or collection of persons that is needed to make judgments on each sector in the method.
According to the control process, are the corrective action are the plan was the established and the compares to the check of the performance mistakes are the based to the corrective action
Therefore, option (c) is correct.
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de beers became a monopoly by: question 14 options: a) ownership of a patent. b) economies of scale. c) establishing control over diamond mines. d) technological superiority.
De Beers became a monopoly by : establishing control over diamond mines.
Option C is correct.
From its founding in 1888 to the early 21st century, De Beers controlled 80% to 85% of the rough diamond market and was considered a monopoly.
What kind of monopoly is De Beers?In 1888 De Beers Consolidated Mines, Ltd. was established to monopolize all production and distribution of South African diamonds. De Beers has taken many forms around the world as it has become more influential in the diamond trade.
How did De Beers became a monopoly?In 1888, English businessman and mining enthusiast Cecil Rhodes founded De Beers Consolidated Mines Limited. He bought as many diamond mining rights as possible, creating the company's first monopoly on South African mines. This monopoly was the beginning of their great monopoly on the diamond market.
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