One requirement for EITC eligibility is that the tax year's investment income must be less than $10,000. Due to their $5,000 investment income being below the cap, they are not disqualified and are therefore eligible for the EITC. Therefore, this statement is true.
It is thus untrue that they are ineligible for the Earned Income Tax Credit. There are several fundamental requirements that must be met, according to the IRS, in order to be eligible for the Earned Income Tax Credit.
The taxpayer has a wage under $57,414 from labor. 2. At the time of the return's due date, the taxpayer must have a social security number that is active for the employment. 3. He or she earned less than $10,000 in investment income throughout the tax year.
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a marketer has configured a yearly membership renewal journey. this journey is intended to be used for the foreseeable future. which contact entry mode should be used?
An email that was accepted in Content Builder Approvals by a marketer's management has been planned.
What is management?Management is the administration of the organization, whether it be a charity, for-profit business, or government institution. Management is the process of deciding on an organization's strategy and allocating tasks to its employees (or volunteers) in order to accomplish its objectives with the aid of resources like money, materials, people, and technology. The top or senior layer of management is a small group that includes the president, vice president, CEOs, and other C-level executives. The C-suite of a corporation may include a chief financial officer, a chief technology officer, and other experts. They are in responsible of overseeing and managing all business activities for the entire organization.
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How do I caculate this: Sold merchandise that cost $1,200 to Art Co. for $1,800 under credit terms of 2/15, n/60, FOB shipping point, invoice dated July19.Received the balance due from Art Co. for the invoice dated July 19, net of discount.cash $Sales Dis. $Accounts rec-Art $
Sales $1,200 credit, Cost of Goods Sold $800 debit, Accounts Receivable $1,200 debit. Inventory of Goods: $800 credit
What does "inventory" mean to you?Inventory refers to all the products, services, and supplies that a business keeps on hand with the intention of reselling them for a profit. If a newspaper seller uses a vehicle to deliver newspapers to customers, just the newspaper will be considered inventory. The vehicle will be regarded as an asset.
What is the main purpose of inventory?The main goal of inventory is to ensure that there is always a consistent supply of products available for use. To effectively carry out this task, your organization should seek the ideal balance between having too much and not enough stock, without ever running out.
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which is the most accurate statement about trade? question 8 options: trade can make every nation better off. trade makes some nations better off and others worse off. trading for a good can make a nation better off only if the nation cannot produce that good itself. trade helps rich nations and hurts poor nations.
The truth about trade is that it can help any state equally.
Why do you refer to trade?Major conclusions. Trade is the consensual exchange of services or goods between two market players. Due to the voluntary characteristics of trade, it is often assumed that both sides gain from it. Trading in the finance market refers to the sale and purchase of securities or other assets. Let's assume the two people are Liam and Henry. Peter has food but wants wool, contrasting to Liam who has wool but needs to be fed. Liam and Richard will swap food for wool in enable for Liam to acquire food and Harry to get wool, meeting both of their needs. The biggest analogy of trading is this.
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The following account balances at the beginning of January were selected from the general ledger of Fresh Bagel Manufacturing Company Work in process inventory $0 Raw materials inventory $28,800 Finished goods inventory $40,700Additional data: 1. Actual manufacturing overhead for January amounted to $64,900. 2. Total direct labor cost for January was $63,300. 3. The predetermined manufacturing overhead rate is based on direct labor cost. The budget for the year called for $240,000 of direct labor cost and $336,000 of manufacturing overhead costs. 4. The only job unfinished on January 31 was Job No. 151, for which total direct labor charges were $5,700 (1,200 direct labor hours) and total direct material charges were $14,500. 5. Cost of direct materials placed in production during January totaled $124,000. There were no indirect material requisitions during January O A. $224,700 O B. $253.140 O C. $200,429 O D. $317,000
The cost of goods sold is $69,500, and the cost of goods manufactured is $154,600.
To calculate the total manufacturing cost of the unfinished job, we need to add the direct labour cost and the direct material cost.
The direct labour cost for Job No. 151 is $5,700, and the direct materials cost is $14,500.
So, the total manufacturing cost for Job No. 151 is $5,700 + $14,500 = $20,200.
We also need to add the actual manufacturing overhead cost incurred during January, which is $64,900.
So the total cost of the unfinished job at the end of January is $20,200 + $64,900 = $85,100.
To find the work-in-process inventory, we need to add the cost of direct materials placed in production during January and the total cost of the unfinished job at the end of January.
So, work-in-process inventory = $124,000 + $85,100 = $209,100.
We also need to add raw material inventory and finished goods inventory to find the total cost of goods available for sale.
So, the total cost of goods available for sale is: $209,100 + $28,800 + $40,700 = $278,600.
So, the cost of goods sold is $278,600 minus $209,100, or $69,500.
Therefore, the cost of goods manufactured is $69,500 + $85,100 = $154,600.
So, the cost of goods sold is $69,500, and the cost of goods manufactured is $154,600.
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6. scarcity, opportunity cost, and marginal analysis clancy is training for a biathlon, a winter racing sport that combines cross-country skiing and rifle shooting. consider the following scenario: in order to ski for one hour, clancy must take that time off of work, where he earns an hourly wage of $19. additionally, there is a $8 entrance fee to the skiing facility. which basic principle of individual choice do these statements best illustrate? markets are usually a good way to organize economic activity. people usually exploit opportunities to make themselves better off. the cost of something is what you give up to get it. trade can make everyone better off.
These statements best illustrate is "the cost of something is what you give up to get it" also known as opportunity cost. In this scenario, Clancy must give up one hour of work, where he earns $19, and pay an additional $8 entrance fee in order to ski for one hour, which represents the opportunity cost of his decision to participate in the biathlon training.
What is opportunity cost?Opportunity cost is the value of the next best alternative that must be given up in order to pursue a certain action or decision. It is the cost of foregone opportunities and represents the trade-off that an individual, business or society must make between two mutually exclusive choices. Opportunity cost is a key concept in economics and is used to evaluate the efficiency of decisions and allocate resources in the most efficient way possible. It is a fundamental principle of economics that states that resources are limited and that any decision to use those resources for one purpose will limit the possibilities for using them for other purposes.
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assume you give someone $70,000. they promise to give it back to you in 5 years, along with interest at a rate of 4% per year. how much will you receive at the end?
You will receive an amount of $85165.70 after 5 years.
An annuity is a series of payments delivered at regular periods in the investing world. Regular savings account deposits, mortgage payments, insurance premiums, and pension payments are all examples of annuities. The periodicity of payment dates allows for the classification of annuities.
They are long-term agreements with an insurance provider where you put money. You get income in exchange for your investment in the form of regular payments through annuitization or, for an extra fee, a guaranteed lifelong income benefit.
A pension plan is a saving and investing product, whereas a retirement annuity is an insurance contract. This is the primary distinction between the two products.
Amount given = 70000 $
Let, FV= Future Value
PV= Present Value
r= rate of interest
n= number of period
[tex]$$\begin{aligned}& F V=P V(1+r)^{\wedge} n \\& F V=70000^*(1+4 \%)^{\wedge} 5 \\& F V=85165.70\end{aligned}$$[/tex]
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. the president planned to give a speech on tv about the nation's general economic vitality. the day before the speech, the stock market dropped 25 percent. the president had to modify the speech to the nation. what caused the president to modify the speech?
Correct answer is a trade in context.
What are these President speeches called?Woodrow Wilson giving his first State of the Union address; the first time given that 1801 that such an address was made in man or woman earlier than a joint session of Congress, this initiated the contemporary style with regards to the State of the Union address.
How do presidents make speeches?Traditionally, the addresses are delivered with the President sitting at the Resolute desk speak me into the camera. Occasionally, however, the President will stand at a lectern on the contrary facet of the Oval Office and supply the address.
Who makes the president's speeches?The White House Director of Speechwriting is a position inside the Executive Office of the President of the United States. The officeholder serves as senior marketing consultant and chief speechwriter to the President of the United States.
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https://brainly.com/question/26108165#SPJ4suppose you are assigned the task of determining the route of a new highway through an older section of town. the highway will require that many older homes be either relocated or torn down. two possible criteria that might be used in deciding exactly where to locate the highway are: (a) ensure that there are benefits to those who gain from the decision and 21 that no one is harmed by the decision. (b) ensure that the benefits to those who gain from the decision are greater than the losses of those who are harmed by the decision. which criterion will you select to use in determining the route of the highway? explain.
managing your speed, parking your automobile in the right lane, and interacting with other drivers.
What benefits does Social Security offer?Based on my lifetime earnings, Social Security pays a portion of your pre-retirement income. Your earnings and the date you decide to begin receiving benefits will determine how much of your minimum salary is replaced by Social Security retirement benefits.
What time may I inquire about benefits?Always wait until you've peaked your commentator's interest before bringing up rewards. It's not ideal for a possible new hire to enter the meeting and ask the question right away. Ideally, you should hold off on asking until the interviewer expresses a genuine interest in you.
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The first requirement for the major highway layout is to make sure that everyone who benefits from the choice and no one is damaged by it. The remaining profits cannot be maximized.
What is profit?Profit is the term used to describe significant financial gain experienced when the revenue from a commercial activity exceeds the costs, costs, and taxes associated with maintaining that activity. There are three primary ways to measure profit.
Why do we figure out profit?One of a business's main goals should be to turn a profit. By calculating your profit, you may not only assess your level of performance but also learn where your company is generating revenue and which areas you are spending that money.
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which of the following is an advantage of franchises? select one: a. shared profit b. management regulation c. management and marketing assistance d. coattail effects
Management regulation is an advantage of the franchises.
What is a franchise?A franchise is a type of license that gives a franchisee access to the franchisor's exclusive business methods, procedures, and trademarks in order to utilize the franchisor's brand name to market goods and services. In exchange for a franchise, the franchisee normally pays the franchisor an upfront start-up fee and ongoing licensing costs. A business can easily increase its market share or geographic reach by franchising its products and brand name. In a franchise, a franchisor and a franchisee collaborate. The franchisor is the initial business. It promises to sell licenses for its name and idea. The franchisee buys the right to promote and sell the franchisor's goods and services using a recognized business model and trademark.
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. describe how to use each of the factors affecting time value of money to maximize the amount of savings earned.
The difference in the value of money today and tomorrow is referred to as the time value of money.
What is time value of money and factors affecting ?The value of a certain amount of money today is more valuable than its value tomorrow. It is not because of the uncertainty involved with time but purely on account of timing. The difference in the value of money today and tomorrow is referred to as the time value of money.
Factors affecting of time value of money:Risk and Uncertainty. Future is always uncertain and risky: Future events are never guaranteed. What will occur in the future is unknown and no one can predict future events accurately. The financial environment of an economy goes through major changes over time.
Consumption Preference: If the amount of satisfaction is the same, people choose to consume now rather than later. Most people are willing to forgo their current consumption if they discover they will be able to consume more in the future.
Inflation: In an inflationary economy, the money received today, has more purchasing power than the money to be received in future.
Investment Opportunity: Reinvestment is a concept that the time value of money takes into account. If an investment produces a regular cash flow, the periodic return can be reinvested to provide an even higher return.
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Distribution intensity
The level of accessibility decided by the marketer for a specific product; the level of intensity chosen will depend on factors including the manufacturing capacity, the size of the target market, pricing and advertising practices, and the amount of product service needed by the end-user.
The maximum amount of product that a factory or manufacturing facility can produce is known as its manufacturing capacity. The aim of determining a factory's manufacturing capacity, which is often quantified in output units per time period, is to afterwards be able to optimize planning and scheduling, provide precise lead times to clients, and better estimate cash flow. Unfortunately, many firms estimate without being certain since they are unsure of their actual manufacturing capacity. Manufacturing capacity is a key factor in many business choices, thus it's critical to assess it as precisely as possible. Production capacity, expressed in units of output per period, is the maximum output that a manufacturing business is capable of producing. By being aware of your production capacity, you may enhance production planning and scheduling, provide more precise lead
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Which investment has the least liquidity mutual fund house? Which investment has the least liquidity mutual fund house?
Among the least liquid assets are real estate and priceless collectibles. The liquidity of an investment may change depending on the type of investment, the market's timing, and the buyer pool.
Which investments have the least liquidity?Because it can take weeks or even months before a person or business receives cash from the sale of real estate, land is seen as a non-liquid asset.
The least liquid type of account is the certificate of deposit (CD). A bank customer opens an account for a certificate of deposit and deposits a lump sum that can be withdrawn after a specific amount of time. A CD offers a higher interest rate than a standard savings account.
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Which statement best describes a market economy?
A. Consumer needs change little from one generation to the next.
B. There is significant surplus with no price controls.
C. The government decides what and how much to produce.
D. The law of supply and demand determines the price of goods.
The correct option is C. The government decides what and how much to produce in the best Market Economy.
A market economic system is a monetary device wherein the decisions regarding funding, manufacturing, and distribution to the customers are guided via the rate indicators created by the forces of delivery and call for. The predominant feature of a marketplace economy is the life of component markets that play a dominant role in the allocation of capital and the factors of manufacturing.
Marketplace economies range from minimally regulated free-market and laissez-faire systems in which the country's hobby is constrained to imparting public goods and offerings and safeguarding non-public ownership, to interventionist forms where the authorities play an active position in correcting marketplace disasters and promoting social welfare. kingdom intervention can appear in the production, distribution, alternate, and intake regions within the economic system.
The distribution of primary need offerings and items like health care may be entirely regulated via an egalitarian public health care policy (at the same time as having the manufacturing supplied by means of private enterprise), efficaciously casting off the forces of supply and demand.
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when the product price falls from $80 to $60, the quantity demanded rises from 500 to 800 units. using the simple formula the price elasticity of demand in this range is:
In this range, the price elasticity of demand is -0.067.
What is the desire for quality?In economics, the word "quantity demanded" refers to the overall amount of a product or service which consumers demand more than a specific period of time. Regardless of whether a market is in equilibrium, it is dependent on the cost of an item or service.
what is Price elasticity of demand?A demand that is elastic experiences a significant shift in quantity demanded as a result of a price adjustment. Demand is considered to be inelastic when the amount desired does not change much as a result of a price modification. If the formula produces an integer value greater than 1, then the demand is elastic.
According to the given information:P1 = 80, P2 = 60
Q1 = 500, Q2 = 800
Slope of the given range = Change in price / change in quantity demanded
Slope of the given range = ( P2 - P1 ) / ( Q2 - Q1)
= ( 60 - 80 ) / ( 800 - 500)
= -20 / 300 = - 0.067
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According to the traditional approach to capital structure, the value of the firm will be maximized when
According to the classic idea of capital structure, a firm's worth Increases up to a certain point, after which it tends to remain constant and finally starts to decline if there is excessive borrowing.
How does capital structure affect firm value?The capital structure of a firm, or more specifically, its ratio of equity to debt financing, plays a key role in determining the value of the enterprise. The amount an investor would be willing to pay for the company or for an interest in it depends on the relative amounts of stock and debt, which also have an impact on risk and cash flow. According to Modigliani and Miller, value is independent of the financing strategy and investments made by a company. The M&M theorem makes the following two claims:- Proposal: This claim asserts that a firm's capital structure has no bearing on its value. The capital structure of a company is the sum of the debt and/or equity used to fund operations and asset financing. Usually, a debt-to-equity ratio is used to describe a company's capital structure.
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Which type of salesperson would routinely be involved in an industrial straight rebuy situation?
an outside order taker
an inside order taker
an order getter
a missionary salesperson
a sales engineer
An industrial straight rebuy scenario would frequently involve either an inside or an outside order taker.
What is the role of a salesperson?Simply said, a sales representative promotes a company's brand while selling its goods or services. From the first lead outreach until the actual transaction, they maintain client connections and function as the primary point of contact.
Is working in sales a good job?Yes, a job in sales is fantastic. Salespeople frequently have a defined career path inside their firms and the chance to achieve a high pay. The best part is that anyone can work in sales. All you need is the motivation to improve your sales abilities and the desire to be successful.
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a.one advantage of forming a corporation is that equity investors are usually exposed to less liability than in a regular partnership.b.it is generally more expensive to form a proprietorship than a corporation because, with a proprietorship, extensive legal documents are required.c.one disadvantage of operating a business as a sole proprietorship is that the firm is subject to double taxation, at both the firm level and the owner level.d.corporations face fewer regulations than sole proprietorships.e.if a regular partnership goes bankrupt, each partner is exposed to liabilities only up to the amount of his or her investment in the business.
Making a corporation has the benefit of typically exposing equity owners to less risk than in a partnership.
What is an example of a corporation?
A corporation in business (corporate business) is a legal organisation that was founded with the intention of turning a profit by shareholders, investors, or other individuals. It is a single entity that could be made up of people or a business, but it has a different legal status from its owners.Corporations are authorised to enter into contracts, bring legal actions and be sued, own property, pay federal and state taxes, and obtain bank loans.
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how much does it cost to trademark a business name ?
You should budget between $250 and $750 when submitting an application to the USPTO to federally trademark your company name.
What is trademark?A trademark is a form of intellectual property that consists of a recognisable sign, design, or expression that links goods and services from one source to another. Any person, company, or other legal body can be the owner of a trademark. Any word, phrase, symbol, design, or combination of these that sets your goods or services apart from those of competitors is referred to as a trademark. It's how customers recognise you in the marketplace and differentiate you from your competitors.Trademarks can refer to both trademarks and service marks. Copyright rules generally protect the creators of musical, dramatic, artistic, and other sorts of intellectual works (like history tests, and software code).To learn more about trademark, refer to:
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Use the balance sheets and information provided about revenue and expenses to answer the question. Gulf Shipping Company Balance Sheet As of December 31, 2020 (amounts in thousands) Cash 143,000 Accounts Payable 19,000 Accounts Receivable 41,000 Debt 32,000 Inventory 58,000 Other Liabilities 40,000 Property Plant
A balance sheet consists of three components: assets, liabilities, and shareholders' equity.
What is Gulf shipping?
Registered Nurse. Salary Range: AED 8,400 to AED 26,000. ...Teacher. Salary Range: AED 9,000 to AED 15,000. ...Cybersecurity Analyst. Salary Range: AED 1400 to AED 29,000+ ...Human Resources Officer. Salary Range: AED 8,000 to AED 10,000. ...Compliance Officer.However, UAE remains at the top of the list when it comes to salary packages. In fact, it is ranked among the top countries in the world to offer higher salary packages when compared to other countries in the world. After UAE, Saudi Arabia and Oman are also known for their highly paid jobs.Yemen has long been the poorest country in the Middle East and North Africa (MENA) and is now in the midst of one of the world's worst humanitarian crises. The fighting that has been raging since early 2015 has devastated its economy, leading to severe food insecurity and destroying critical infrastructure.To learn more about expenses refers to:
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set up and solve an equation for the following business situation. suppose one-seventh of the employees of a certain company work in the southeastern region. if the company employs 254 workers in that region, what is the total number of employees working for the company?
If the company employs 254 employees in one area, then there are 1,778 people working for the company overall.
What exactly is a company situation analysis?A scenario analysis is a thorough investigation of the market presence of a company based on both internal and external factors. It investigates the reactions of a company's present and potential customers to its goods and services. A business situation is a collection of internal or external circumstances that change over time.
Suppose there are x total employees.
Then calculate the value of x, which is the total number of employees, by dividing the specified number of employees by one-seventh.
[tex]\frac{1}{7}[/tex] of x= 254
[tex]\frac{1}{7}[/tex] * x= 254
[tex]\frac{x}{7}[/tex]= 254
x= 254 X 7
x= 1,778
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the addition to total cost that results from employing one additional unit of a resource is called group of answer choices average total cost. marginal cost. marginal factor cost. average factor cost.
The addition to total cost that results from employing one additional unit of a resource is called b. marginal factor cost.
The marginal factor cost (MFC) in microeconomics is the increase in total costs paid for a factor of production that results from a one-unit increase in the amount of the factor utilized.
It is measured in cash units per additional unit of a production factor (input), such as labor, per unit of time. In the case of labor, for example, if the wage rate is unaffected by the number of units of labor recruited, the marginal factor cost is the wage rate.
If, on the other hand, adding another unit of labor raises the wage rate that must be paid to all existing units of labor employed, the marginal cost of the labor factor is more than the wage rate paid.
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Carreras Café is a Spanish restaurant in a college town. The owner expects that the number of meals served in June will be 50 percent below those served in May, because so many students leave for the summer. In May, the restaurant served 4,500 meals at an average price of $25.00. In the summer (June through August), the average price of a meal typically increases by 18 percent and the average food cost of a meal increases by 20 percent. Other costs are typically unchanged during the summer. The following cost information is available for May.Service costs (variable with respect to meals) Variable service costs (with respect to meals) Food costs $ 10,800Labor 16,300Other variable costs 5,800Fixed service costs 9,200Total service costs $ 42,100Marketing and administrative costs Marketing (variable with respect to meals) 6,600Administrative (fixed) 4,400Total marketing and administrative costs $ 11,000Total costs $ 53,100Required:Prepare a budgeted income statement for June. (Do not round intermediate calculations.)
June Budgeted Income Statement Meals served 2,250,Average meal price $29.50,Total revenue $66,375,Cost of goods sold:Food costs $28,832,Variable service costs:Labor $16,300,Other variable costs $5,800,Total variable service costs $22,100,Fixed service costs,Fixed service costs $9,200,Marketing and administrative costs,Marketing (variable with respect to meals) $6,600,Administrative (fixed) $4,400,Total marketing and administrative costs $11,000 Total costs $71,232,Net Income $(4,857)
What is the budget calculation of above answer?To prepare a budgeted income statement for June, we need to take into account the expected decrease in meals served, the increase in average meal price, and the increase in average food cost.First, we need to calculate the expected number of meals served in June. Since the owner expects a 50% decrease in meals served, the expected number of meals served in June is 4,500 x 50% = 2,250 meals.Next, we need to calculate the expected average meal price in June. The average meal price in May is $25.00 and the average price of a meal typically increases by 18% during the summer, so the expected average meal price in June is $25.00 + ($25.00 x 18%) = $29.50.We also need to calculate the expected average food cost per meal in June. The average food cost per meal in May is $10.80, and it typically increases by 20% during the summer, so the expected average food cost per meal in June is $10.80 + ($10.80 x 20%) = $12.96.Using this information, we can prepare a budgeted income statement for June as follows:June Budgeted Income StatementRevenue:Meals served 2,250Average meal price $29.50Total revenue $66,375Cost of goods sold:Food costs $28,832Variable service costs:Labor $16,300Other variable costs $5,800Total variable service costs $22,100Fixed service costs:Fixed service costs $9,200Marketing and administrative costs:Marketing (variable with respect to meals) $6,600Administrative (fixed) $4,400Total marketing and administrative costs $11,000Total costs $71,232Net Income $(4,857)To learn more about budget refer:
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Which of the following agencies approves private lending institutions to issue bonds that are backed by the full faith and credit of the U.S. government?
A) Financial Guaranty Insurance Company (FGIC)
B) Government National Mortgage Association (GNMA)
C) Federal National Mortgage Association (FNMA)
D) Federal Home Loan Mortgage Corporation (FHLMC)
Agencies that authorize private lending institutions to issue bonds that are guaranteed by the U.S. government's full faith and credit are B) Government National Mortgage Association (GNMA).
Private lending institutions with GNMA approval issue GNMA bonds, which are supported by the full confidence and credit of the US government. N awareness, A federal government organization known as the Government National Mortgage Association (GNMA) is responsible for ensuring the timely payment of principal and interest on mortgage-backed securities (MBSs) issued by authorized lenders.
The association is also referred to as Ginnie Mae and is represented by the initials GNMA. Mortgage lenders can get a better price for MBSs in the capital markets because of Ginnie Mae's assurance.
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a process with no beginning work in process, completed and transferred out 85100 units during a period and had 49600 units in the ending work in process inventory that were 20% complete. the equivalent units of production for the period were:
85100 units were completed and transferred out during a procedure that had no beginning work in progress, while the inventory of ending work in progress contained 49600 units that were 20% complete. For the time, there were 95,020 equivalent units of production.
Equivalent Units of Production: What Are They?To get the equivalent units of production for the time period, the total units of production for the time period are added with any currently ongoing work in progress, subtracted from any earlier work in progress.
Equivalent units measure the amount of labor that went into producing a specific number of physical items. To find equivalent units, simply multiply the number of physical items by the amount of work put into them. For two items that are 50% complete, you would have one equivalent unit (2 x 50% = 1).
All production for the time period, including ongoing and completed work in progress, is included in the equivalent units of production. The calculation is as follows:
Units produced - opening a working project (units)+ currently ongoing work (units) = 85100 - 0 + (49600 x 20%) = 95,020.
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A seller of unimproved property located in a certificated service area of a utility service provider, must give written notice to a purchaser of which of the following?That extension of water or sewer services might require additional expense to the purchaser
A seller of unimproved property located in a certificated service area must give written notice to a purchaser about the extension of water or sewer services might require additional expense to the purchaser
Unimproved land, as used in real estate, is defined as having no access to some fundamental amenities, such as electricity, telephone, street access, or water facilities. Before the buyer signs a contract, the seller of unimproved property in a retail utility provider's service area must notify the buyer.
The notification must be in writing that the extension of water or sewer services may incur additional costs for the buyer and that there may be a delay in the utility's ability to provide the services. If the seller fails to provide the required notice, the buyer may end the agreement and, in some circumstances, bring legal action against the seller to recover damages and reasonable legal costs.
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fritz's opportunity cost of producing beef. based on the slope of the line you just plotted, what is fritz's opportunity cost of producing 1 pound of beef?
fritz's opportunity cost of producing beef. based on the slope of the line you just plotted, what is fritz's opportunity cost of producing 1 pound of beef pound(s) of alfalfa.
The gourmet term for cow meat is beef (Bos taurus).Early people first hunted aurochs before domesticating them. Other cow breeds have since been developed expressly for the type or quantity of meat they can provide. Beef is currently the third most popular meat consumed worldwide, trailing only chicken and hog. China, Brazil, and the United States were the top three beef-producing countries as of 2018.Different techniques can be used to prepare beef. Steak is often made from cuts, which can be grilled to different levels of doneness, whereas most hamburgers are made from ground or minced scraps. Protein, iron, and vitamin B12 are all present in beef. excessive consumption of red meat,
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a monopolistically competitive industry shares some of the same characteristics as perfect competition, including:
Perfect competition and monopolistically competitive industries both have a large number of businesses and easy entry and departure points.
Which characteristic is similar to both perfect competition and monopolistic competition?The presence of numerous enterprises and ease of entry and exit are two traits that perfect competition shares with monopolistically competitive industries.
The closest comparison between perfect and monopolistic competition is between them. The lack of entry barriers in both market systems results in a large number of sellers and zero long-term profitability.
Unlike monopolistic competition, which has little entry barriers and gives a monopolist complete control over the market, monopolistic competition does not. If a company believes the profits will be sufficiently alluring, they can enter the market. Monopolistic competition resembles perfect competition as a result.
In that both types of markets have numerous consumers and sellers, monopolistic competition is similar to perfect competition in this regard. Small to no barriers exist to entering or exiting the market, and there is little to no impact on the equilibrium price.
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Real value is the total value of all final goods and services produced in a country during a year adjusted to eliminate the effects of changes in price.T/F
Real Gross Domestic Product (GDP) is the market value of all of a country's final products and services produced in a particular period, without taking inflation into account.
The relative price of an item is its nominal value adjusted for inflation. For GDP and personal income, real values matter more than nominal values. A deflator converts time-series data like GDP and incomes to real values.
To better understand economic patterns, the real value is calculated by subtracting price level changes from the nominal value of a good, service, or time-series data. A deflator converts time-series data like GDP and incomes to real values.
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for the eight months ended august 31, year 5, the carpet division of a flooring company, which is considered a major line of business, had an operating loss of $115,000 from operations. on september 1, year 5, the board of directors voted to discontinue the division's operations. on december 31, year 5, the division was sold for a pre-tax loss of $135,000. the division's operating loss for year 5 was $240,000. the company's income tax rate is 30%. what amount of loss should the company report as discontinued operations in the december 31, year 5, income statement?
The amount of loss that the company should disclose as "discontinued operations" in the year five income statement as of December 31, 2016, is $262,500 [$375,000 (1 - 30%)].
What is in a financial statement?The revenues, expenses, and profitability of a company over time are shown on an income statement. An earnings statement or a profit-and-loss (P&L) statement may also be used to refer to it. Your revenue from sales of goods and services is shown.
An income statement consists of what three elements?Financial statements other than income statements are typically given less consideration in business financial releases. From this reading, the following main concepts emerged: The income statement contains information on revenue, expenses, and net profit.
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the december 31, inventory for the simpson company included five products. the year-end physical count revealed the following quantities on hand: product quantity available k 40 l 42 m 60 n 52 p 55 the related unit costs: k $7 l 10 m 9 n 5 p 7 required calculate the total cost of the december 31, physical inventory.
The total cost of inventory is $1885.
To get the total cost, we multiply the quantity to the unit cost.
=(40 * 7) + (42 * 10) + (60 * 9) + (52 * 5) + (55 *7).
=280+420+540+260+385
=$1885
Technology-based solutions known as inventory control systems connect all aspects of an organization's inventory tasks, including shipping, buying, receiving, warehouse, tracking, and reordering.A physical inventory is a comprehensive, often annual count of the stock a company has on-hand. Cycle counting is a more systematic method of counting portions of the stock. Companies sometimes conduct cycle counting as often as daily, and it's advisable to perform them at least quarterly.
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