frankie purchased a vehicle for business and personal use. in 2021, he used the vehicle 80% for business (10,300 business miles incurred equally throughout the year) and calculated his vehicle expenses using the standard mileage rate. frankie also paid $1,600 in interest and $500 in county property tax on the car. what is the total business deduction related to business use of the car?

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Answer 1

If you use your automobile solely for commercial enterprise purposes, you may also deduct its complete price of possession and operation (subject to limits discussed later).

However, if you use the vehicle for both commercial enterprise and non-public purposes, you can also deduct solely the value of its business use.

Can I write my automobile price off as a commercial enterprise expense?

If you financed a private vehicle

If you offered this vehicle the use of a vehicle loan, you may not be capable to write off your vehicle payment. However, you can write off a element of your vehicle mortgage interest. That's proper — your mortgage pastime counts as a car-related business expense, just like gasoline and vehicle repairs.

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the discount store inc. is currently considering a project that cost $38,000 and will produce cash inflows of $12,000 a year for three years followed by $6,500 in year 4. what is the profitability index if the discount rate is 7 percent? group of answer choices 0.96 1.04 1.09 0.99 1.12

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A company's profitability is determined by how much money it makes compared to how much it spends. If the discount rate is 7%, the profitability index is 0.96.

Explain about the profitability?

More effective businesses will make more money relative to their costs than less effective businesses, which must spend more to make the same amount of money.

A company's ability to make a profit determines whether it can obtain bank financing, draw in investors to finance its operations, and expand. Without making a profit businesses cannot stay in operation.

The proportion of a company's income to its expenses is known as its profitability. The amount of money a business makes through operations and activities is used to calculate its income.

Since most industries often regard 10% as the average and 20% as high or above average, consider aiming for profit ratios between 10% and 20% while keeping an eye on the industry average.

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after accounting for externalities with a social cost curve, the new equilibrium would be such that equilibrium price is

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The new equilibrium would have a higher equilibrium price and a lower equilibrium quantity after externalities have been taken into account by a social cost curve.

Market supply and demand must balance one another to reach externalities equilibrium, which leads to stable pricing. In general, when there is an abundance of products or services, prices decline, which increases equilibrium demand, but when there is a scarcity, prices rise, which decreases demand.

When supply and demand are balanced, the price is at equilibrium. It can be said that the forces of supply and demand are comparatively equal externalities and the market is in an equilibrium when a major index goes through a period of consolidation or sideways momentum.

Researchers have discovered that prices typically oscillate near the equilibrium equilibrium levels. Market forces will encourage sellers to enter the market and produce more if the price increases too much. More buyers will place higher bids if the price is too low. Over time, these actions maintain the equilibrium level's relative equilibrium.

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at the present time, andalusian limited (al) has 20-year noncallable bonds with a face value of $1,000 that are outstanding. these bonds have a current market price of $1,382.73 per bond, carry a coupon rate of 13%, and distribute annual coupon payments. the company incurs a federal-plus-state tax rate of 25%. if al wants to issue new debt, what would be a reasonable estimate for its after-tax cost of debt (rounded to two decimal places)? (note: round your ytm rate to two decimal place.)

Answers

The after-tax price of debt is the pastime paid on debt less any income tax savings due to deductible activity expenses.

To calculate the after-tax price of debt, subtract a company's wonderful tax charge from one, and multiply the difference by means of its value of debt.

Why do we use an after-tax figure for fee of debt?

The major advantage of calculating the after-tax fee of debt is understanding how a good deal a commercial enterprise can retailer on its taxes due to the interest it paid over the year. This capability groups need to comprehend their superb tax fee to recognize their complete fee of debt. Calculating the fine tax charge for a enterprise is easy.

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full-employment gdp refers to:multiple choice question.a decline in real output for at least two consecutive quarters.the short-term fluctuations experienced in the economy due to changes in levels of economic activity.a phase of the business cycle characterized by increasing real gdp income and employment.the level of real gdp produced in an economy when it is operating at the natural rate of unemployment.

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Full-employment GDP refers to level of real GDP produced in an economy when it is operating at the natural rate of unemployment.

The OECD defines unemployment as people over a certain age who are not in paid employment or self-employment but are still actively seeking employment during the reference period. The number of unemployed people as a percentage of the labor force is used to calculate the unemployment rate, which is one way to measure unemployment. The market value of all the finished goods and services that nations produce and sell in a given time period is measured in dollars by their gross domestic product (GDP). This measurement is frequently revised before being regarded as a reliable indicator due to its subjective and complicated nature. (GDP) is the accepted unit of analysis for the value added produced by the production of goods and services in a nation over a specific time period.

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as a manager, when you provide rewards or reprimand your subordinates, you are practicing transactional leadership.A. TrueB. False

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The statement "when you praise or discipline your employees, you are exercising transactional leadership as a manager" is (A) true.

What is transactional leadership?

Making sure that people, tools, and other resources are used effectively to complete a task is the main goal of task-oriented leadership behaviors.

When you praise or discipline your employees, you are exercising transactional leadership as a manager.

Business executives frequently practice transactional leadership, rewarding successful workers and punishing unsuccessful ones.

Sports teams also place a lot of emphasis on transactional leadership.

Results-driven, compliant with an organization's current structure, and measuring success in accordance with that organization's system of rewards and punishments are all characteristics of transactional leadership. In an organization, transactional leaders hold formal positions of authority and accountability.

Therefore, the statement "when you praise or discipline your employees, you are exercising transactional leadership as a manager" is (A) true.

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this type of first mover strategy enabled companies such as ebay and etsy to gain a dramatic competitive advantage over in the marketplace by inventing a new market segment. this type of strategy is referred to as

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This type of strategy is referred to as the first mover strategy.

A first mover is a service or product that, by being the first to market with a product or service, acquires a competitive advantage. Being the first usually allows a business to build significant brand awareness and customer loyalty before rivals enter the market.

The first-mover advantage is a benefit received by a business that releases a good or service on the market first. Before other market entries, a company can build significant brand awareness and customer loyalty by taking advantage of the first-mover advantage.

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what do we need in order to make sure our content is consistent with our brand, channels, and platforms?

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We need a brand style guide in order to make sure our content is consistent with our brand, channels, and platforms.

What is Brand style guide?

A brand style guide, usually referred to as a brand guide or brand guidelines, is essentially a how-to manual for communicating a brand. It includes the guidelines necessary to accurately portray your brand both internally and internationally.

A brand style guide is a digital handbook that details every element of your business's appearance and tone. In addition to being utilized internally, a brand style guide is distributed to partners, the media, and advertising agencies to inform them of the right and consistent ways to represent your brand.

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true or false: since an investor's investment is an asset, the investor may target the investment horizon to match the maturity of expected liabilities.

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"since an investor's investment is an asset, the investor may target the investment horizon to match the maturity of expected liabilities" is a true statement.

Any method for producing potential future revenue might be referred to as an investment. Buying bonds, equities, or real estate property are a few examples of this. A property that can be utilised to create things can also be bought and regarded as an investment.

Investing is a successful approach to use your money and possibly increase your fortune. If you make smart investment choices, your money may increase in value and outpace inflation. The power of compounding and the trade-off between risk and return are the main reasons investment has a higher growth potential.

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vwhich of the following is not a factor that can shift supply? the expected future price of a product. the price of a substitute-in-production. the price of a complement-in-production. the market price of a product.

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The expected future price of a product is not a factor that can shift supply. A change in supply affects the quantity offered at each price. Consider the initial supply curve for a specific type of car.

Imagine therefore that steel, a necessary component in the production of autos, sees a jump in price, increasing the cost of making a car. The prices of the production factors, the returns from alternative activities, technology, seller expectations, natural disasters, and the quantity of sellers are some examples of supply shifters.  In contrast, exceptionally favorable weather would cause the supply curve to move to the right.

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How might a product owner support a continuous delivery pipeline that fully automated deployment.

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By identifying stories that can be delivered automatically during iteration planning and by using the two write feature toggles to limit which stories are published, a product owner can support a continuous delivery pipeline.

What is a pipeline for continuous delivery?

An automated set of procedures called a continuous delivery pipeline is used to deploy new software. It is a continuous paradigm implementation where automated builds, testing, and deploys are coordinated as a single-release workflow. A CD pipeline, to put it simply, is a series of procedures your code changes go through to reach production.

A CD pipeline automates the delivery of high-quality goods from test to staging to production in accordance with business requirements. One important aspect that affects how the continuous delivery pipeline is structured is the architecture of the product that passes through it.

A complex graphical pipeline pattern is created by a highly connected product architecture, where several pipelines get intertwined before reaching production.

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Is it possible for average total cost to be decreasing over a range of output where marginal cost is​ increasing? briefly explain.

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Yes. Average total cost will be falling if marginal cost is lower than average total cost.

Do marginal costs have an impact on average total costs?When the marginal cost of production is lower than the average cost of creating earlier units, as it is in the locations to the left of where MC crosses ATC, generating one more extra unit will lower average costs overall, causing the ATC curve to slant downward in this region.Average total cost will decrease when marginal cost is lower than average total cost, whereas average total cost will increase when marginal cost is higher than average total cost. Average total cost (ATC) = marginal cost, where ATC = marginal cost is where a firm is most productively effective (MC). Average total cost will be falling if marginal cost is lower than average total cost.      

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spartan corp. purchases inventory, land, building, and equipment for $540,000 from klein corp. the values of the assets are as follows: asset klein corp's book value fair value inventory $ 80,000 $100,000 land 140,000 180,000 equipment 80,000 120,000 building 200,000 200,000 at what amount should spartan record the inventory?

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Spartan corp. purchases inventory, land, building, and equipment for $540,000 from Klein corp. the amount should spartanly record the inventory is = $90000.

How much inventory you should record

= (Fair Value of Inventory / Fair Value of All Assets), where purchase value of all assets is the product of these two terms.

= S540000×(S100000/$600000)

= $540000×(1/6)

The method a company or organization uses to obtain the products or services it needs to reach its objectives is known as purchase. Inventory or stock refers to the goods and materials that a business holds with the intention of resale, production, or use. Purchasing activities are required to ensure that needed items are obtained in a timely manner and at a reasonable cost. Specifying the size, shape, and location of stocked goods is the main focus of inventory management.

Inventory is the term used to describe all the products, materials, goods, and merchandise that a company has on hand and plans to sell to customers for a profit.

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which purchasing group represents about 13.5 percent of all buyers in the market and is crucial for bringing the other buyer categories to the market?

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Early adopters, a purchasing group represents about 13.5 percent of all buyers in the market and is crucial for bringing the other buyer categories to the market.

One who tests new products ahead of the majority of consumers is an early adopter. Technology products tend to attract early adopters more frequently. They give the vendor information and aid in improving the features, design, distribution, and support of the product. In the early phases of a product's life cycle, early adoption can also be seen as a sort of testing.

Early adopters are a crucial source of information for businesses regarding product flaws and funding for product R&D.

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for each of the following, compute the present value. (do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

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The answer to the given question is: $10,241.18, 38,408.04, 130,897.09, and 62,676.63

Which is the best way to define value?

Value refers to how much anything is worth, either financially or in terms of significance. It can also imply "estimate how much that anything is worth," as in a prize with a $200 value. As a verb, it denotes "keeping something within high regard," as in "I value our friendship."

What is the value of life?

Our lives have meaning because to our values. They serve as the foundation for our decisions in life and are also the things we value most highly. Values are more like guidelines we follow in life to be a nice man and live a meaningful existence than than items we acquire or own.

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The complete question is-

For each of the following, compute the present value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Years Interest Rate Future Value

9 7 %. 18,828

1 12 43,017

13 15 805,382 18 14 662,816

in 2009, the u.s. government passed a bill that increased government spending. in response, the aggregate demand curve most likely:

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In 2009, the u.s. government passed a bill that increased government spending. In response, the aggregate demand curve will lead to high growth in the short term.

A demand curve in economics is a graph that shows the relationship between the cost of a certain good (the y-axis) and the amount of that good that is desired at that cost (the x-axis). Demand curves can be used to both the price-quantity connection for a single consumer (a single demand curve) and for all consumers in a given market (a market demand curve).

Demand curves are typically thought to slope downward, as the following graphic demonstrates. This is due to the law of demand, which states that when prices increase for most things, demand decreases. Certain peculiar circumstances do not adhere to this rule. Veblen goods, Giffen goods, and speculative bubbles are a few examples of this type of phenomenon. Buyers are drawn to an item if its price increases.

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the demand curve illustrates the fact that consumers select one: a. tend to purchase more of a good as its price rises. b. purchase name brand products more frequently than generic products. c. tend to purchase more of a good as its price falls. d. purchase more of a good as their incomes fall. e. purchase more of a good as their incomes rise.

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The demand curve illustrates the fact that consumers tend to purchase more of a good as its price falls.

A demand curve is a graphical representation of the relationship between the price and quantity demanded of a good or service over a period of time.

In economics, a demand curve is a graph that shows the relationship between the price of a good and the quantity demanded for that good at that price. A demand curve can be used for the relationship between price and quantity for an individual consumer or for all consumers in a given market.

There are two types of demand curves: individual demand curves and market demand curves. A graphical representation of the demand plan is displayed. Can be created by plotting the price and quantity demanded

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smith company's earnings per share are more sensitive to changes in operating income than are those of jones company. this implies that smith company has a higher degree of:

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This implies that Smith Company has higher degree of a financial leverage.

What is leverage?

In the world of finance, leverage refers to any strategy that involves borrowing money to make purchases with the expectation that future earnings will be several times greater than the cost of borrowing. Leverage is a strategy that increases a little input force into a larger output force. It is called after the lever in physics because it successfully increases the relatively small amount of money required for borrowing into significant quantities of profit. The significant danger of not being able to repay a sizable loan is a downside to the strategy, though. Gains may be multiplied by using leverage. On the other side, losses are also doubled, and there is a chance that leveraging will cause a loss if the financing expenses outweigh the asset's income or if the asset's value decreases.

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if a u.s. firm buys chinese toys using previously obtained chinese currency, then both u.s. net exports and u.s. net capital outflow decrease. a. true b. false

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The above statement is True. If a u.s. firm buys chinese toys using previously obtained chinese currency, then both u.s. net exports and u.s. net capital outflow decrease.

Capital outflow is the motion of assets out of a rustic. Capital outflow is taken into consideration undesirable as it's far often the result of political or monetary instability.

Capital outflow is an economic term describing capital flowing out of a specific economic system. Outflowing capital may be because of any number of financial or political reasons but can often originate from instability in both sphere.

Capital inflows are defined as internet purchases (difference between purchases and sales) of domestic assets by means of non-citizens. Capital outflows same internet purchases of foreign belongings by home sellers aside from the important bank.

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project l costs $50,000, its expected cash inflows are $12,000 per year for 8 years, and its wacc is 12%. what is the project's discounted payback? do not round intermediate calculations. round your answer to two decimal places.

Answers

The discounted payback is 6.12 years with an expected cash inflow of $ 12,000.

What is cash inflow?

Cash inflow is the net amount of cash and cash equivalents coming into and going out of a business. Cash inflows are represented by money received, and outflows are represented by money spent.

The ability to generate positive Cash inflows, or more specifically, the potential to maximize long-term free cash flow, is ultimately what determines a company's ability to create discounted payback for shareholders. After deducting any funds used for capital expenditures, a company's free cash inflow (FCF) is the cash it generates from its regular business activities (CapEx).

YEAR     Cash       Discounted      Cumulative          Cumulative

              Flow        cash flow         cash flow            discounted cash flow

0     -50000      -50000           -50000           -50000

1      12000       10714.28571   -38000            -39285.71429

2      12000       9566.326531   -26000            -29719.38776

3      12000       8541.362974    -14000             -21178.02478

4      12000       7626.216941    -2000              -13551.80784

5      12000       6809.122269     10000          -6742.685572

6      12000       6079.573454     22000      -663.1121177

7      12000       5428.190584     34000               4765.078466

8      12000       4846.598736     46000        9611.677202

Present value = Future value/(1+i) ⁿ

i = interest rate per period

n= number of periods

discounted payback = 6 + 663.1121177/5428.190584

discounted payback = 6.12 years

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hillen enterprises produces wheat and flour for the baking industry. the managerial accountant reported the following information at the end of the first quarter. what is the direct materials price variance? is the direct materials price variance favorable or unfavorable?

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Direct material price variance (DM Price Variance) is $4,000. The direct materials price variance is unfavorable.

Direct material price variance (DM rate Variance) is described because the difference among the anticipated and actual price incurred on buying direct materials. It evaluates the extent to which the usual charge has been over or underneath carried out to one-of-a-kind units of purchase.

Whilst a enterprise makes a product and compares the actual materials value to the same old substances price, the result is the overall direct substances fee variance. An unfavorable outcome means the real fees associated with substances had been extra than the predicted (fashionable) prices.

The duty for the Direct material price Variance typically lies with the shopping agent. The rate of the direct fabric is certainly out of the manage of buying agent. but, this is simply one component.

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Your revenue increased 20% last year and your total expenses increased 25%. Did your profit increase or decrease?.

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The equation for determining profit is given as follows;

Profit = Revenue - Expenses

From the details provided, we shall assume that the base figures for revenue and expense is 100, since we are dealing changes expressed as a percentage. If the revenue increased by 20 percent then the revenue shall become 120 in total. Note that whatever the actual revenue is, the increment shall be 120 percent of the original figure. Also expenses increased by 25 percent which means expenses rose to 125 in total. With this bit of information the profit calculation shall now become;

Profit = Revenue - Expenses

Profit = 120 - 125

Profit = -25

From the information given, the profit decreased.

However, it is very important to note that this does not translate into a loss, as the volume/amount of revenue may possibly outweigh the volume/amount of expenses by a very wide margin. This simply implies that you would still make a profit but the volume of profit would have reduced.

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Answer:

profit decrease

Explanation:

because your expense is more than your revenue

a person filing for bankruptcy under chapter 11 and left in place to operate the business during the reorganization proceeding is known as the .

Answers

The business during reorganization proceeding is known as the bankruptcy.

What is bankruptcy?

The legal procedure known as bankruptcy allows individuals or other entities that are unable to pay their debts in full or in part to seek partial relief from them. Most typically requested by the debtor, bankruptcy is imposed by a court order in most jurisdictions.

An insolvent individual may have other legal statuses as well; hence, the phrase "bankruptcy" is not a synonym for insolvency. Bankruptcy wasn't a thing in ancient Greece. When a man owed money but couldn't pay it back, his wife, kids, or servants were made to work for the creditor as "debt slaves" until the obligation was paid off. In several city-states in ancient Greece, debt slavery was only permitted for a five-year period and provided with protection for life and limb.

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what are the federal reserve system, the central intelligence agency, and the federal deposit insurance corporation examples of?

Answers

Independent businesses have the same level of oversight and political manipulate as govt departments.

Examples of government corporations include: department of commerce (document); department of protection (DOD); branch of Justice (DOJ); department of kingdom (DOS); Department of the Treasury (Treasury); branch of Transportation (DOT); branch of the place of origin safety (DOHS); department of fitness and Human services

Examples of independent companies are the ICC, FCC, NLRB, and NRC. The national labor relations Board, the FEC, the FTC, the Federal Reserve Board, and the FCC.

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If a business has $100,000 in sales and $10,000 in wages, $3,000 in advertising, $1,000 in dividends and $3,000 in insurance expense, how much profit did the company make?.

Answers

The business earned $84,000 in profit. Profit is the term used to describe the financial gain experienced when the revenue from a company activity outpaces the costs, costs, and taxes incurred to support the activity in question.

What exactly does "profit" mean?

Profit is the term used to describe the financial gain experienced when the revenue from a company activity outpaces the costs, costs, and taxes incurred to support the activity in question.

calculation to figure out how much profit the business made

Revenue $100,000 Lower:

Wages ($10,000)

($3,000) advertising

($3,000) for insurance

($100,000-$10,000-$3,000-$3,000) + $84,000 =

$84,000 is the amount of profit the business made.

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the marginal revenue received by a firm in a perfectly competitive market: the marginal revenue received by a firm in a perfectly competitive market: increases with the quantity of output sold.

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The marginal revenue received by a firm in a perfectly competitive market is equals to its average revenue and the market price.

In the perfect competition, marginal revenue is equals to its average revenue.

Marginal revenue is revenue which is received by change in total revenue be selling one more unit.

Average revenue is defined as total revenue divided by number of outputs.

In the perfect competition , average revenue is also the price of the output.

Marginal revenue and average revenue curves coincide each other.

Perfect competition is the situation where the product is homogenous and buyers have full knowledge of the product.

The firm is price taker in the perfect competition.

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the government of an asian country allows its currency to nominally float freely against other currencies, but the government has the right to intervene, buying and selling currency, if it believes that the currency has deviated too far from its fair value. what this country is doing is called a float.

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The government of an Asian country allows its currency to nominally float freely against other currencies, but the government has the right to intervene, buying and selling currency if it believes that the currency has deviated too far from its fair value. what this country is doing is called a float. Dirty.

The 'promote currency' is the currency you will be sending (promote) in change for the currency you or your recipient may be receiving (purchase). that is the forex in an effort to get replaced by way of the agreed quantity of 'purchase foreign money which you need to switch.

Key Takeaways. it is feasible to make money trading money whilst the costs of overseas currencies upward push and fall. Currencies are traded in pairs. shopping for and promoting forex may be very profitable for active traders due to low trading costs, numerous markets, and the supply of excessive leverage.

Currency trading offerings through banks are difficult to a nominal rate. personal money changers: every other option is to visit non-public money changers which can be licensed via RBI or have a complete-Fledged money Changer License (FFMC) provided under section 10 (1) of the foreign exchange control Act.

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once established, company cultures can be perpetuated by . a. relying on word-of-mouth indoctrination and the power of tradition to instill the culture's fundamentals, as well as frequent reiteration of core values by senior managers and group members, and regular ceremonies honoring members who display desired cultural behaviors b. avoiding frequent or dramatic reorganizations that could disturb existing relationships and networking among departments and company personnel c. making adherence to cultural beliefs and cultural norms the defining features of the company's strategic vision d. rewarding departments that observe cultural norms with above-average budget increases and penalizing those who don't with budget cuts e. making cultural values and beliefs the centerpiece of the company's competitive strategy

Answers

Once established, company cultures can be perpetuated by which is relied on word-of-mouth indoctrination as well as the power of tradition.

So, the correct option is A.

Depending on the power of tradition and word-of-mouth indoctrination to establish the principles of the culture, as well as repeated repetition of essential values by senior managers and group members and regular rituals rewarding members who exhibit desired cultural behaviors. The telling and repeating of business lore, frequent rituals celebrating employees who exhibit desired cultural behaviors, and publicly praising and punishing those who violate cultural standards are all ways that workplace cultures may be sustained.

The beliefs and preferences of the founders, market needs, and the earliest values, goals, and assumptions are only a few of the many influences that shape organizational cultures. Attraction-selection-attrition, new hire onboarding, leadership, and organizational reward systems all play a part in maintaining culture.

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jamie is going to buy furniture with a single-payment loan that is discounted. the loan will be for $5,000 for 2 years at 10% interest. what is the annual percentage rate (apr) on this loan?

Answers

APR is the annual fee of a mortgage to a borrower — including fees. Like an interest rate, the APR is expressed as a percentage.

Unlike an pastime rate, however, it consists of different fees or prices such as personal loan insurance, most closing costs, bargain factors and mortgage origination fees.

What is APR example?

Put simply, APR is the cost of borrowing on a credit card. It refers to the each year pastime price you may pay if you lift a balance, and it often varies from card to card. For example, you may additionally have one card with an APR of 9.99% and another with an APR of 14.99%.

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A research division of a large consumer electronics company has developed a new type of mp3 player. The project will require an immediate cash outflow of $1,665,321. The new project is expected to produce cash flows of $500,000 per year for 4 consecutive years beginning at the end of year one. What is this projects internal rate of return?.

Answers

Based on the project's financial flows electronic companies wishes to participate in, the the project's internal rate of return is 7.75%

year. cash flow

0. -16,65,321

1. 5,00,000

2. 5,00,000

3. 5,00,000

4. 5,00,000

IRR = irr(D4:D8)

= 7.75%

What is Internal Rate of Return (IRR)?

IRR is a statistic used in financial analysis to calculate the profitability of possible investments. In a discounted cash flow analysis, IRR acts as a discount rate to bring all cash flows' net present values (NPV) to zero.

The same formula used for NPV calculations is also used for IRR estimates. IRR is not the project's actual financial value, so keep that in mind. The NPV is equal to zero due to the annual return.

Generally speaking, the more desirable an investment is to make, the greater the internal rate of return. IRR can be used to rate a variety of potential investments or projects on a pretty even basis because it is consistent for investments of various types.

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both kyle and victor believe that they have ownership of deed to a vacation cottage in northern michigan. their deeds both allegedly convey the same piece of realty on twin lake. kyle filed his deed with the county office in september 2008, and victor filed his in january 2009. in this situation, who has ownership of the vacation cottage?

Answers

Kyle filed his deed with the county office in September 2008, and victor filed his in January 2009. In this situation kyle has ownership of the vacation cottage.

In common law, a deed is any written document that is signed, witnessed, delivered, and, in some jurisdictions, sealed and that passes, affirms, or confirms an interest, right, or property. It is frequently connected to transferring (conveying) property titles. A document signed by a party to the deed has a lower rebuttable presumption of validity than the deed. A deed may be unilateral or bilateral in nature. Conveyances, commissions, licences, patents, degrees, and conditionally-executed powers of attorney are all considered deeds. Delivery is said to symbolically replace the traditional ritual of livery of seisin because the deed is the contemporary descendent of the mediaeval charter.

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