The United States transitioned from a "home economy" to a market economy as a result of increased mobility. The economy was stimulated by the demand for the materials required to build the train. A national economy was founded by improvements in water transportation.
What is an economy?An economy is a region where products and services are produced, distributed, traded, and consumed.
One's culture, values, education, technological advancement, history, social organization, political structure, legal system, and natural resources are all major determinants of an economy's processes.
In other words, the economic realm is a social domain made up of connected human behaviors and exchanges that cannot exist independently.
It is generally accepted that it is a social domain that emphasizes the actions, conversations, and outward expressions related to the production, use, and management of finite resources.
In addition to providing context and content, these factors establish the rules and conditions under which an economy runs.
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You and your buddy want to start a new landscaping business. You equally invest in the equipment you need to get started. You will both be equally responsible for the work and will share the profits equally. After investigating the possible forms of business entities available, you decide a partnership would be the best for your landscaping business.
What do you think you might need to do to form a partnership?
A. You and your buddy just need to agree to be partners.
B. You and your buddy must sign a written partnership agreement.
C. You and your buddy must register your landscaping business with the county clerk.
D. You and your buddy must file a certificate of organization with the government.
To form a partnership you and your buddy must sign a written partnership agreement.
Option B is correct.
The importance of having a partnership settlement. A partnership settlement is a foundational record for a commercial enterprise partnership and is legally binding on all partners. It units up the partnership for fulfillment with the aid of genuinely outlining the business's operations and the rights and obligations of each accomplice.
A business partnership agreement, also every day as a partnership settlement or articles of partnership, is a legally binding file that determines the roles and responsibilities among two individuals or entities appearing as commercial enterprise partners.
An awesome partnership agreement will element the terms of possession and the duties of either partner. The extra particular the partnership agreement is at the beginning there may be less disagreements at some point of the undertaking.
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for february, sales revenue is $646,000, sales commissions are 4% of sales, the sales manager's salary is $93,300, advertising expenses are $86,200, shipping expenses total 1% of sale, and miscellaneous selling expenses are $2,300 plus 1/2 of 1% of sales. total selling expenses for the month of february are
The total selling expenses for the month of february are $215,930. Selling expenses, also known as sales expenses or sales and marketing expenses, refer to the costs that a business incurs in order to sell its products or services.
These expenses can include a wide range of costs, including commissions paid to salespeople, advertising and promotion expenses, shipping and transportation costs, and miscellaneous expenses such as travel and entertainment expenses. Selling expenses are an important factor in a company's overall cost structure, as they can impact the price at which a product or service is sold and the profit that the business is able to generate.
To calculate the total selling expenses for the month of February, you will need to add up all of the selling expenses listed.
First, calculate the sales commission expense by multiplying the sales revenue of $646,000 by the commission rate of 4%, which gives you $646,000 x 0.04 = $25,840.
Next, calculate the shipping expense by multiplying the sales revenue of $646,000 by the shipping rate of 1%, which gives you $646,000 x 0.01 = $6,460.
Then, calculate the miscellaneous selling expenses by adding the fixed miscellaneous selling expense of $2,300 to 1/2 of 1% of sales, which is ($646,000 x 0.005) = $3,230.
Finally, add up all of these selling expenses to find the total selling expenses for the month of February: $25,840 + $93,300 + $86,200 + $6,460 + $3,230 = $215,930.
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superseded codification guidance (in asc 605-10) sets forth the broad principle that revenue should be recognized _____.
Superseded codification guidance (in asc 605-10) sets forth the broad principle that revenue should be recognized if it is both realized/realizable and earned.
GAAP is identified via the FASB to be applied by nongovernmental entities. Policies and interpretive releases of the SEC under federal securities legal guidelines also are resources of authoritative GAAP for SEC registrants. All steerage contained in the Codification carries an identical level of authority.
The sales popularity principle states that you have to only report revenue while it has been earned, not while the related coins are amassed. As an example, a snow plowing carrier completes the plowing of an organization's parking zone for its fashionable rate of $one hundred.
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True/False The job of integrating the Four Ps strategy decisions is the responsibility of the company controller, since the money to do so must be available.
The statement "The job of integrating the Four Ps strategy decisions is the responsibility of the company controller, since the money to do so must be available." is true.
Give a brief account on company controller.The controller of a corporation is regarded as the principal accounting officer and the director of the accounting division.
The Controller's role :
The controller will oversee the following for the business as head of accounting :
Financial recordsLedger generalPrice trackingPayrollReceipts to be madePayables receivableBudgetingSpecialized research and other tasksAt larger businesses, more accountants might help the controller. Assistant controller, accounting manager, cost accounting manager, tax manager, accounts payable manager, credit manager, payroll manager, and so on are some examples of titles that those helping might hold. These managers can then be in charge of overseeing accounting assistants and accountants. In smaller businesses, the controller might be the only accountant and receive assistance from an accounts payable clerk. While the controller of a small business might be reporting directly to the president or owner, the controller of a large corporation might be reporting to the chief financial officer (CFO).
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How do businesses ultimately benefit from using a crm to identify the highest revenue customers in a target market, before developing a marketing campaign?
Businesses benefit from using CRM to identify the highest revenue customers in a target market before developing a marketing campaign because it helps to better understand their ideal customer for their product or service.
What is the Customer Relation management?Customer relationship management means combination of different practices, strategies and technologies that companies use to manage and analyze customer interactions and data throughout the customer life cycle.
The goal of customer relationship management is to improve the customer service relationships and assist in customer retention and drive sales growth.
Its compile the customer data across different channels or points of contact, between the customer and the company which could include the company's website, telephone, direct mail, marketing materials and social networks. It can also give customer-facing staff members detailed information on customers' personal information, purchase history, buying preferences and concerns.
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Beta Deliveries, a package delivery company, is organized as Beta North, Beta South, Beta East, Beta West, and Beta Central divisions in the United States. Which of the following best describe the structure at Beta Deliveries? O Vertical structure O Flat structure O Product structure O Matrix structure O Geographic structure
Geographic structure best describe the structure at Beta Deliveries.
What is a geographical organizational structure?Organizational structures based on geography are ideal for companies with branches or divisions spread across several distinct regions. It is possible for businesses with this kind of structure to have a reporting and operational system across numerous locations. Multi-divisional, flat, matrix, and functional organizational structures are the four different types.
The concept of a global geographic structure is related to the organizational design of a company that has branches all over the world. The majority of the time, these branches are used to conduct neighborhood business. One example of a company that might structure geographically is a mid-sized retail or fast-food chain having numerous locations around the state.
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because of perception and decision biases, most negotiators tend to overestimate the probability that a negotiation will be
Because of perception and decision biases, most negotiators tend to overestimate the probability that a negotiation will be Distributive negotiation.
What is Distributive negotiation?
Distributive negotiation claims that one person can only win if the other person loses. This creates a win - lose situation. This is also known as claiming value, competitive, or zero sum approach.
In this type of negotiation there are limited options available that states that the more one person gets the less the other person gets, exclaiming that one person's interests are viewed as higher than the other. This can come in the form of manipulation, or withholding information.
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Which of the following refers to how a company arranges its employee hierarchy, divides and coordinates job tasks, and enables members of the organization to relate to one another?a. Matrix organizational structureb. Authoritative structurec. Organizational structured. Project Management Office (PMO)
Organizational structure refers to how a company arranges its employee hierarchy, divides and coordinates job tasks, and enables members of the organization to relate to one another. So, option (c) is relevant.
Give a brief account on organizational structure of a company.The way tasks are assigned, coordinated, and managed in order to achieve organizational goals is determined by the organizational structure. Organizational structure, which has an impact on organizational action, provides the framework on which standard operating procedures and routines are created. The amount to which their opinions influence the organization's actions is determined by which individuals are allowed to participate in which decision-making processes. The lens or perspective through which people experience their organization and its surroundings can also be thought of as an aspect of organizational structure.
A subset of clustered entities are organizations. Depending on its goals, an organization's structure can take many distinct forms. An organization's organizational structure will dictate how it performs and runs. Organizational structure enables the explicit assignment of duties for various tasks and procedures to various entities, including the branch, department, workgroup, and person.
In order to establish a long-lasting competitive edge, organizations must be effective, adaptable, innovative, and caring.
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You have been asked by the audit partner to draft a letter to the client on internal control related matters. You were informed that the written communication regarding significant deficiencies and material weaknesses indentified during an audit of financial statements should include certain statements.For each of the significant deficiencies and material weaknesses reflected in the table below, double-click on each of the associated shaded cells and select from the list provided the appropriate disposition of each statement in regard to the letter to the client on internal control related matters. Each selection may be used once, more than once, or not at all.Included, Excluded, Included but only with client management's approvalCommunicated orally with no need to document the communicationInternal controlsRelated matters1.State that the purpose of the audit was to express an opinion on the financial statements, and to express an opinion on the effectiveness of the entity's internal control over financial reporting.2.Identify, if applicable, items that are considered to be material weaknesses.3.State that the author is not expressing an opinion on the effectiveness of internal control.4.Include the definition of the term significant deficiency.5.Include the definition of the term material weakness, where relevant.6.State that the author is expressing an unqualified opinion on the effectiveness of internal control.7.State that the communication is intended solely for management and external parties.8.Identify the matters that are considered to be significant deficiencies.select an option at related matters:1 included 2. excluded 3. included, but only with client management's approval 4. communicated orally with no need to document the communication
State that the communication is intended solely for management and external parties.
Internal communication is the process by which information spreads up, down, and throughout the entire organization. It helps staff to hear from senior management in a clear and concise manner that control obligations must be taken seriously. Timely dissemination of accurate information empowers staff to work efficiently toward accomplishing goals, managing risks, and assisting the internal control system. Key employees should be given internal control duties by management. An internal control framework is made up of five interconnected elements: the control environment, risk assessment, control actions, information and communication, and monitoring.
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sandra waterman purchased a 52-week, $2,200 t-bill issued by the u.s. treasury. the purchase price was $2,194. a. What is the amount of the discount? b. What is the amount Ms. Waterman will receive when the T-bill matures? c. What is the current yield for the 52-week T-bill? (Enter your answer as a percent rounded to 2 decimal places.)
(a) Discount amount is $6. (b) Maturity value is $2,200. (c) Current yield is 0.27%.
A discount is a reduction in the regular selling price of a good or service, either in terms of money or as a percentage. A product may, for instance, be discounted by $10 from its list price or by 10% from its list price. A sales discount is a lower price that a company offers on a good or service. Find out how to add discounts to invoices. A sales discount, usually referred to simply as a "discount," offers clients of a business a lower price on one or more of the goods or services being provided.
(a) Discount amount
= Maturity (face) value - Purchase price
=$2,200 - $2,194
=$6
(b) Maturity value
=Face value
=$2,200
(c) Current yield
=Discount amount / Purchase price
=$6 / $2,194
=0.0027, or 0.27%
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all of the following accounts will appear on the post-closing trial balance except multiple choice equipment. accumulated depreciation-equipment. depreciation expense-equipment. accounts payable.
Equipment, Accumulated Depreciation, and Accounts Payable will appear.
What is depreciation expense?A fixed asset's share that has been deemed consumed in the current period is subject to depreciation expense. The cost is subsequently added to the expense list. With this charge, the carrying amount of fixed assets will be steadily decreased as their value is depleted over time. There is no cash outflow related to this item because it is non-monetary.
When an entry is made to the depreciation expenditure account, the contra asset account that offsets the fixed assets (asset) account is the accumulated depreciation account. Over the course of a fiscal year, the balance in the depreciation expenditure account grows; at year's end, the account is flushed out and its balance is reset to zero.
Equipment, Accumulated Depreciation, and Accounts Payable will appear.
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she has been working with the compliance team on a few projects and is expanding her skills to include risk management as well as control and assurance activities.
The process of discovering, evaluating, and controlling risks to an organization's resources and profits is known as risk management.
How can project risk management help improve project performance?
You may pinpoint the advantages, disadvantages, opportunities, and hazards associated with your project by using effective risk management tactics. You can be prepared to react if unexpected occurrences happen by making plans for them. Specify how you will manage any risks to your project's success so you can recognise, address, or prevent issues as necessary. Because accomplishing a project's objectives rely on planning, preparation, outcomes, and evaluation that contribute to achieving strategic goals, successful project managers understand the importance of risk management. Plans for risk management help projects succeed by compiling a list of internal and external risks.
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On June 30, Collins Management Company purchased land for $400,000 and a building for $560,000, paying $360,000 cash and issuing a 5% note for the balance, secured by a mortgage on the property. The terms of the note provide for 20 semiannual payments of $30,000 on the principal plus the interest accrued from the date of the preceding payment. Journalize the entry to record (a) the transaction on June 30, (b) the payment of the first installment on December 31, and (c) the payment of the second installment the following June 30. Assume a 360-day year. Refer to the Chart of Accounts for exact wording of account titles.
The journal entry of the transactions are -
Part a) June 30th
Land Dr. $400000
Building Dr. $560000
Cash $360000
Note payable $600000
(being land and building purchased)
Part b) December 31st
Note payable Dr. $30000
Interest (600000 * .05 * .50) Dr. $15000
Cash Cr $45000
(Being installment paid)
Part c) June 30th
Note payable Dr $30000
Interest ($570000 * .05 * .50) Dr $14250
Cash Cr $44250
(Being installment paid)
Journal entry- A journal entry is the act of recording any transaction, whether one that is economic or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
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A customer approaches a store associate, annoyed that a popular toy isn’t on the shelf, despite the app on her phone showing it in stock. The inventory is only updated once per day on the app. What should the associate do?
Based on the customer service relationship ethics, and considering the situation described in the question above, the associate should "apologize to the customer in a friendly way, stop what he or she is doing and look in the stock room for the missing item. Try to find an alternative item that can solve her problem."
What is Good customer service?Good customer service is a term that is used to describe good customer service practices that involve actions like valuing customers' time, showing a pleasant attitude, and delivering knowledgeable and resourceful resources.
Generally, good customer services from business associates include taking things a step further to exceed — rather than just meet — the expectations of the customers.
Various ways to deliver good customer service are:Know your productMaintain your attitudeCreatively solve the problem of customersGive a quick responsePersonalize your customer services, etc.Hence, in this case, it is concluded that the associate should apologize to the customer and help her solve the problem outright.
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Which of the following steps of the market screening process involves the analysis of the quality of workforce, materials, and infrastructure?
A) identification of basic appeal of a market
B) assessment of the national business environment
C) measurement of market or site potential
D) selection of the market or site
Option B is correct. The step of market screening process that involves the analysis of the quality of workforce, materials, and infrastructure is assessment of the national business environment.
Market screening is a technique used to assess markets in light of their suitability for the company's overall skills and business goals.
Choosing the Right Markets
Determine Potential Markets in Step 1.
Step 2: Aim for the Most Lucrative Markets.
First, look at product trends.
Research the Competition in Step 2.
Step 3: Examine marketing-related factors.
Step 4: Determine Any Obstacles.
Determine Any Incentives in Step 5.
In order for businesses to start analyzing potential markets in terms of similarities and differences among variables of interest, the screening stage frequently makes use of some sort of grouping technique. The fundamental goal is to screen out or eliminate markets that don't adhere to a set of standards set forth by the company.
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Suppose a young chef who recently graduated from culinary school in Cuba looks for work at local restaurants but is unable to find a job. After months of searching, she gives up on securing a traditional job and instead decides to offer cooking classes in her apartment, teaching American tourists how to prepare traditional Cuban dishes. She is unable to secure a license for her business, so she operates on a cash-only basis, not reporting her income to the government.
a. While searching for a job in a local restaurant, the chef
b. Two months after giving up her job scarch, thc ch
She operates on a cash-only basis, not reporting her income to the government is :
a. The chef should report her wage from cooking classes held at her apartment.b. The chef ought to proceed and attempt to extend her cooking classes by announcing her income.c. She began gaining and attempting to secure the permit to urge a job.The Federal government consists of three wonderful branches: legislative, executive, and judicial, whose powers are vested by using the U.S. charter in the Congress, the President, and the Federal courts, respectively.
Governments are necessary because they maintain law and order. laws are important for society to characteristic. lifestyles in a society without legal guidelines might be dangerous and unpredictable.
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T/F psychoanalysis, either in a newer form or in its original freudian form, continues to be practiced and utilized as a form of therapy.
Psychoanalysis, either in a newer form or in its original Freudian form, continues to be practiced and utilized as a form of therapy is a true statement.
Is psychoanalysis still utilized today?
These activities create the right environment for a healthy attachment and respect each individual's worth and purpose. Recognizing that psychoanalysis is still relevant in modern society is important.
Psychoanalysis is a form of mental disorder treatment that was inspired by psychoanalytic theory, a branch of psychology that emphasizes the unconscious mind and is sometimes referred to as "depth psychology."
Therefore, The clinical observations and theories that gave rise to the psychoanalytic movement.
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which of the following statements is true of a company's right over its employees' electronic communication?
The correct answer to the given question is option D: A company technically owns its employees' electronic communications
Electronic communication can take many different forms. Some examples include email, instant messaging, websites, blogs, text messaging, voicemail, and video messaging. Business communication has altered as a result of electronic communication.
The federal Stored Communications Act safeguards electronically stored information, including wire and electronic communications that are meant to remain private. The Stored Communications Act would not prevent an employer from accessing communications held on employer-provided wire or electronic communications services (such as emails) in a way that is compliant with the firm's own policies that are openly communicated to employees.
which of the following statements is true of a company's right over its employees' electronic communication?
a. A company cannot intercept its employees' electronic communications.
b. A company cannot use its employees' electronic communication to determine legitimate business use.
c. A company can monitor its employees' electronic communications without consent
d. A company technically owns its employees' electronic communications
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T/F: when the value of money is on the vertical axis, an increase in the price level shifts money demand to the right.
When the value of money is on the vertical axis, an increase in the price level shifts money demand to the right ---- False
What if the value of money on the vertical axis represents an increase in the price level?
If you plot the money market against the value of money on the vertical axis, the value of money will rise when the value of money falls below the equilibrium level. OK, raise the prices. The money supply and price level will fall.
What happens to money demand when the price level rises?When the price level rises, the demand for money increases and interest rates rise. As interest rates rise, the opportunity cost of financing capital and durables increases, which in turn reduces demand for capital and durables.
Why is the vertical axis the price level?The price levels shown on the vertical axis, like the GDP deflator, represent the prices of final goods or products purchased in the economy, not the price levels of intermediate goods and services that are inputs to production.
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which of the following are manufacturer-owned facilities that carry inventory and provide sales and services to customers
Sales Branches are manufacturer-owned facilities that carry inventory and provide sales and services to customers.
What are Sales Branches?A branch office is a location where a company does business apart from its main location.
The majority of branch offices are made up of more compact divisions of various business functions including marketing, accounting, and human resources.
Generally speaking, strategy, marketing, finances, human resources, technology and equipment, and operations make up the six functional areas of business management.
Because it's less interesting than developing a product or offering a service, many new business owners engrossed in the exhilarating environment of starting their own company neglect such crucial pre-planning.
Pre-planning, however, considerably increases the likelihood of success because around 80% of firms fail within five years, usually because they were not planned and managed efficiently.
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in addition to accounting for the transactions that transpire during a partnership liquidation, the partnership's accountant
Make every effort to ensure that everyone participating in the liquidation is treated fairly.
He may be requested to offer suggestions for how to allocate partnership funds.
What is partnership?
In a partnership, parties who are referred to as business partners agree to work together to further their shared objectives. Individuals, companies, interest-based organisations, schools, governments, or combinations of these may be the partners in a partnership.
What happens in absence of any written document?
A partnership is a type of business arrangement where two or more persons jointly own an entity and bear personal responsibility for all of its risks and rewards. Partners may receive some protection depending on the specific type of partnership chosen. Without any kind of written agreement, a verbal agreement might create a partnership.
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An individual has a home that appraises for $500K, their mortgage is $400K. They open a home equity line of credit (HELOC) and withdraw $60K. On the balance sheet for their home, their equity ________ and changes to __________.
Group of answer choices
Increases; $100K
Increases; $400K
Decreases; $60K
Decreases; $40K
Increases; $500K
They open a home equity line of credit and withdraw $60K. On the balance sheet for their home, their equity decreases; $60K and changes to increases; $100K.
What is equity?The difference between a firm's obligations and assets on its balance sheet indicates how much equity the company has.
The equity value is calculated using the share price or a value established by valuation specialists or investors.
Owners' equity, stockholders' equity, and shareholders' equity are further names for this account.
The company's balance sheet is used to calculate the equity value.
The book value of a corporation may also be equal to its shareholders' equity.
One of the most popular metrics used by analysts to assess the financial health of a company is equity.
These advantages make stockholders more likely to continue supporting the company.
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what report would a company want to create and run on a regular basis
Answer:
There are many different types of reports that a company may want to create and run on a regular basis, depending on the specific needs and goals of the business. Some common types of reports that companies may want to generate include:
Financial reports: These reports provide information on the financial performance and health of the company. Examples include income statements, balance sheets, and cash flow statements.
Sales reports: These reports provide information on sales activity and performance, including revenue, sales volume, and sales trends.
Marketing reports: These reports provide information on marketing efforts and their effectiveness, including data on website traffic, social media engagement, and email marketing campaigns.
Customer reports: These reports provide information on customer activity and satisfaction, including data on customer acquisition, retention, and churn.
Inventory reports: These reports provide information on inventory levels and movement, including data on inventory turnover, stockouts, and demand forecasting.
Production reports: These reports provide information on production activity and performance, including data on efficiency, quality, and capacity utilization.
HR reports: These reports provide information on human resources activity and performance, including data on employee retention, turnover, and engagement.
It's important to note that the specific reports that a company generates will depend on the specific needs and goals of the business, as well as the industry in which it operates.
Explanation:
the phase of the french revolution in which the reign of terror was brought to an end and those responsible for it were removed from power and the jacobin club was closed:
The Phase in the French Revolution that saw the reign of terror come to an end with the Jacobin Club closed was the Thermidorian Reaction.
What was the Thermidorian Reaction?The Jacobin Club leaders who controlled the Committee of Public Safety were the targets of the Thermidorian Reaction, a coup d'état during the French Revolution. The National Convention's decision to have Louis Antoine de Saint-Just, Maximilien Robespierre, and other prominent members of the revolutionary administration executed served as the impetus for it.
Following the execution of Robespierre and his allies, the Thermidorian government encountered numerous uprisings, which made it unpopular. The Robespierre supporters, numerous members of the Jacobin club, and persons who were thought to have been revolutionary in the past all became targets. The Muscadin, a gang of street fighters established by the new government, also mercilessly subdued the sans-culottes.
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There are only 3 assets to invest in, all being risky. AAPL has an expected return of 10% and volatility of 15%. MSFT has an expected return of 12% and volatility of 18%. TSLA has an expected return of 20% and volatility of 30%. Investors can form risky portfolios out of these 3 assets. Which one of the following statements is correct?
100% invested in TSLA is an efficient portfolio.
100% invested in MSFT is an inefficient portfolio.
On the expected return-volatility space, the set of all feasible risky portfolios is a curve that does not go through any of the 3 risky assets.
On the expected return-volatility space, the set of all feasible risky portfolios is a curve that goes through the 3 risky assets.
The correct statement is : 100% invested in MSFT is an inefficient portfolio.
A portfolio is a set of financial investments like shares, bonds, commodities, cash, and cash equivalents, such as closed-cease finances and trade traded funds (ETFs). human beings usually consider that stocks, bonds, and cash include the core of a portfolio.
Portfolio is partly based at the Latin folium, meaning "leaf, sheet". A portfolio typically represents a transportable show off of your capabilities.
A portfolio is a group of economic investments like shares, bonds, commodities, cash, and coins equivalents, such as closed-cease funds and alternate traded price range (ETFs). people typically trust that stocks, bonds, and cash include the center of a portfolio.
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organizations can use which of the following to capture interviews with customers, managers, and industry leaders?
One thing that organizations can use to capture interviews with customers, managers, and industry leaders is C. Go-ogle Hangouts On Air.
What is the purpose of Go-ogle Hangouts On Air ?There are several things you can do . For instance , You may openly stream your Hangouts on Yo-u-T-u-be and your Go-ogle + stream using Hangouts On Air .
For commercial customers, Go-ogle Hangouts can also be a practical and affordable platform for collaboration . Go-ogle Hangouts on Air, another feature of Hangouts, enables Go-ogle + users to stream video calls live on Yo-u-T-u-be . The popularity of Hangouts on Air has grown as a free platform for businesses to host online conferences and discussion programs.
With Go-ogle Hangouts on Air therefore, a company can be able to get interviews it wants from different stakeholders in the company ranging from customers, to managers, and industry leaders.
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Options for this question include:
A. LinkedIn B. Fac-ebook C. Go-ogle Hangouts On Air.n a competitive industry, suppose the marginal revenue product of the last donut baker hired is $35 and the marginal revenue product of the last bagel maker hired is $15. a bakery must pay donut bakers $40 a day and bagel makers $10 a day. which of the following should the bakery hire to maximize profits?
To increase earnings, the bakery should hire more bagel manufacturers rather than fewer doughnut bakers.
Define Profits.In the field of economics, profit is defined as the difference between the income produced by an economic entity's outputs and the total of its input expenses. Total income less total expenses, which includes both direct and indirect expenses, is what it amounts to.
In the field of economics, the word "profit maximizing" refers to the short- or long-term process by which a company selects the prices, input levels, and output levels that will result in the highest possible overall profit.
$35/$40 (Donut Bakers) < $15/$10 (Bagel makers), Therefore, in this case Bagel makers are more profitable.
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Lester sold a warehouse with an original cost of $150,000 for $230,000. The warehouse hadaccumulated depreciation of $40,000. The recognized gain on the sale was $120,000. The amount of the gain that is unrecaptured Section 1250 gain is $40,000 and will be taxed at amaximum rate of 20 percent.
Lester sold a warehouse with an original cost of $150,000 for $230,000. The warehouse had accumulated depreciation of $40,000. The recognized gain on the sale was $120,000. The amount of the gain that is unrecaptured in Section 1250 gain is $40,000 and will be taxed at a maximum rate of 20 percent. The remaining $80,000 will be taxed at a maximum rate of 20%
Recognized gain
= Purchase price - Net book value
= 230,000 - (150,000 - 40,000) (150,000 - 40,000)
= $120,000
The amount of Section 1250 gain that is unrecaptured:
= Selling price - asset cost - depreciation accumulated
= 230,000 - 150,000 - 40,000
= $40,000
According to IRS regulations, the maximum tax rate is 25%.
The cash to be charged at a maximum of 20% is as follows:
= Profit - Section 1250 profit
= 120,000 - 40,000
= $80,000
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a political leader suggesting that an economic downturn will be cushioned automatically is referring to ______
A political leader suggesting that an economic downturn will be cushioned automatically is referring to automatic actions from tax policy and spending policy.
What is meant by economic downturn?A series of economic events, such as disruptions in the supply chain, a financial crisis, or a global disaster, can lead to a recession. After an inflationary phase, a recession may also begin.
In a recession, both large and small businesses see a fall in sales and profits. They may reduce spending on marketing, research, and capital expenditures as part of their cost-cutting measures. Recessions may restrict access to financing, hinder collections, and encourage corporate bankruptcy.
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If the interest rate on Ed's checking account is 0.50 percent and the interest rate on the certificate of deposit (CD) that he is considering is 3 percent, then the opportunity cost of holding money is _____ percent.
3
If the interest rate on Ed's checking account is 0.50 percent and the interest rate on the certificate of deposit (CD) that he is considering is 3 percent, then the opportunity cost of holding money is 3 percent.
An interest-earning savings product known as a certificate of deposit (CD) is one that pays interest on a lump sum for a predetermined amount of time. Savings accounts and CDs are different in that the money in a CD must be kept in it for the duration of the term to avoid penalties and interest loss. As compensation for the loss of liquidity, CDs often provide higher interest rates than savings accounts.
Nearly all consumer financial institutions provide certificates of deposit (CDs), although it is up to each bank to decide whose conditions it wishes to give, how much higher the rate will be compared to the bank's savings and money market products, and what penalties it applies for early withdrawal.
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