The monopolistically competitive firm will be allocatively inefficient is the monopolistically competitive firm will be allocatively inefficient.
What is monopolly competitive?Monopolistic competition occurs when many companies offer competing products or services that are similar but not perfect substitutes. Barriers to entry in a proprietary and highly competitive industry are low, and no single firm's decisions directly affect its competitors. A monopoly company is the sole supplier of goods or services in a particular industry and controls a large portion of the market share, which usually gives it an advantage over potential competitors.
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Which of the following is unlikely to affect the rate of economic growth?
a. the level of government spending
b. the quantity of available resources
c. technological change
d. the quality of available resources
Given the following, technological change is unlikely to have an impact on the rate of economic growth. Thus option (C) is correct.
What is economics?The term Economics is the study of scarcity and its inferences for the use of resources, manufacture of goods and services, growth of production and welfare over time, and a great diverseness of other complex issues of vital concern to society.
Economic skillfulness is important because it grants businesses to reduce their costs and change their output. For consumers, economic efficiency leads to lower prices for goods and services. For the government, is a normative judgment. More efficient tautens and higher levels of productivity and worldly activity increase economic growth.
Therefore, option (C) is correct.
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Which of the following is a standard that defines how accountants record
financial transactions?
O A. generally accepted accounting principles
OB. government allowed accounting practices
OC. government applied accounting practices
O D. general accounting and auditing procedures
Generally accepted accounting principles.
What is a financial transaction?
An agreement or communication between a buyer and a seller to trade products, services, or assets in exchange for money is a financial transaction.
A unified set of accounting guidelines, methods, and standards known as generally accepted accounting principles (GAAP) were released by the Financial Accounting Standards Board (FASB). When their accountants put together a public company's financial statements, they must adhere to GAAP in the United States.
Ten basic principles serve as the framework for GAAP, which is a set of regulations. The International Financial Reporting Standards (IFRS), which are seen as more of a principles-based norm, are frequently used as a comparison. There have recently been initiatives to move GAAP reporting to IFRS because it is a more global standard.
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about 80% of all wholesalers are . they typically are independent companies that take title to goods that they resell to retailers.
Merchant wholesalers account for approximately 80% of all wholesalers. They are typically independent businesses that take ownership to products and resale them to retailers.
A merchant is a business or individual who sells goods or services. An ecommerce merchant is someone who only sells on the Internet. A merchant will sell the items to the consumer for a profit and, by law, will owe the customer a duty of care owing to his knowledge of the things he is selling. A merchant can be either a wholesaler or a retailer, and things can be sold from one source to another. A merchant is a broad term for someone who sells anything, with the only criterion being that the product or service is being sold for a profit. Local dealers such as bakers, grocers, and shopkeepers were included among merchants in the 16th century.
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images from the great depression included lines of people standing at their financial institution waiting to withdraw their money because they didn't trust the money would be there when they needed it. what was this an example of?
In all, 9,000 banks failed--taking with them $7 billion in depositors' assets. And in the 1930s there was no such thing as deposit insurance--this was a New Deal reform.
An asset is any aid owned or managed by a commercial enterprise or a monetary entity. it's miles something (tangible or intangible) that can be used to provide tremendous financial value. assets represent the value of ownership that may be transformed into coins (despite the fact that coins themselves are also considered an asset).[1] The balance sheet of a firm records the economic[2] value of the assets owned by that company. It covers money and different valuables belonging to a character or to a business.[1]
Belongings can be grouped into major instructions: tangible assets and intangible belongings. The tangible property comprises various subclasses, which include contemporary belongings and glued property.[3] cutting-edge belongings include cash, inventory, and accounts receivable, while fixed belongings include land, buildings, and gadget.
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miranda thinks she is ready to invest in the stock market. what should she do to prepare? savestylesformat instructions
when she is ready to invest in the stock market she should have paid off credit card balances, saved up an emergency fund, and learned the basics about investing.
The gathering of buyers and sellers of stocks, which represent ownership claims on companies and may include securities listed on a public stock exchange, is known as a stock market. The exchange of equity shares in publicly traded corporations takes place in stock markets.
Because they allow for more equitable access to investor trading and capital exchange, stock markets are essential components of a free-market economy.
When a user receives a credit card, it is a payment card that enables them to pay for goods and services from a merchant based on their accumulated debt. Another way a credit card differs from a debit card is that the owner of the debit card can use it as money.
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new strategies often entail budget reallocations because . a. revamping the performance of value chain activities can be costly b. the accompanying policy revisions and compensation incentives tend to require different levels of funding than before c. business units important in the prior strategy but having a lesser role in the new strategy may need downsizing, while units and activities that now have a bigger and more critical strategic role may need more people, new equipment, additional facilities, and above-average increases in their operating budgets d. empowering employees to carry out the new strategy elements and shifting to a total quality management type of culture to build skills in competent strategy execution typically require substantial new funding and budget revisions e. adopting best practices and pushing for continuous improvement tends to reduce costs and reduce overall resource requirements
New strategies often entail budget reallocations because business units that played a significant role in the previous strategy but have a smaller role in the new strategy.
So, the correct option is C.
The budget reallocation might need to be downsized, whereas activities and units that now play a bigger and more important strategic role might need to be expanded. In addition to above-average increases in operating budgets, it might also require more personnel, new machinery, more space, and other improvements. Reallocating monies from one account to another or to a new account for a different use or purpose is referred to as "budget reallocation."
Changing the authorized award budget through a budget reallocation request requires the sponsor's prior approval (Prior Approval Matrix). Setting specific, manageable tasks for your team to complete can help you take your company's strategy from paper to execution, which is essential for effective and successful strategy implementation.
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if a country has an economy where people can buy and sell freely, but the government sets some price restrictions and regulations then it likely has a ______ economy.
if a country has an economy where people can buy and sell freely, but the government sets some price restrictions and regulations then it likely has a Mixed economy.
What is a mixed economy?A mixed economy is an economy that combines parts of the free market and that of socialism. In terms of the free market, such economies often allow people to buy and sell things freely and without much restrictions.
The socialist part of such economies however, will introduce parts of regulation into the economy such as the regulation of prices. They might also regulate the way employers treat employees.
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the management of an indoor shopping mall wants to survey its shoppers about the layout of the stores in the mall. raffle tickets are handed out at each entrance. ninety-six of the raffle tickets were randomly selected ahead of time and marked. customers who receive the marked tickets are to be surveyed. this scenario describes?
The given scenario describes 'simple random sampling'.
Simple random sampling refers to a type of probability sampling whereby the researcher randomly chooses a subset of participants from a statistical population.
As per the scenario provided in the given statement where the management of an indoor shopping mall conducts a survey of its shoppers about the layout of the stores in the mall. Raffle tickets are handed out at each entrance of the mall. Ninety-six (96) of the raffle tickets were randomly selected and marked ahead of time. The customers who got the marked tickets are to be surveyed. This scenario is an example of 'simple random sampling'.
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you have a market position which allows you to profit when market prices increase but causes you a loss when market prices decline. this position is defined by which one of the following terms?
You have a market position long position allows you to profit when market prices increase but causes you a loss when market prices decline.
Market Price Decline is the difference between the closing price of SIMSCI's stock on the Purchase Date and the value per share of SIMSCI's common stock in the Nasdaq National Market, after taking into account stock position, dividends, and other factors. The Fed has proposed a series of aggressive interest rate hikes in recent months, which is why stocks are declining. The goal of the policy strategy is to reduce price increases by slowing the economy and stifling demand.
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suppose that is invested at an interest rate of per year, compounded continuously. after how many years will the initial investment be doubled?
Using the compounding formula we can conclude that in 20.15 years, the initial investment of $2500 will be doubled.
What is compounding?Compounding is the method through which interest is added to both the principal balance already in place and the interest that has already been paid. Thus, compounding can be thought of as interest on interest, with the result that returns on interest are magnified over time, or the so-called "magic of compounding."Essentially, it refers to reinvesting your initial investment's gains rather than using them elsewhere. For instance, if you invest Rs 100 at an annual interest rate of 8%, your initial investment would be Rs 100, and your annual returns would be Rs 8 (8% of Rs 100).So, years in which the initial investment be doubled:
5000 = 2500(1+3.5%)^n5000/2500 = 1.035^ntaking natural logln(2) = n ln(1.035)n = ln(2)/ln(1.035)n = 20.15Therefore, using the compounding formula we can conclude that in 20.15 years, the initial investment of $2500 will be doubled.
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Correct question:
Suppose that $2500 is invested at an interest rate of 3.5% per year, compounded continuously. After how many years will the initial investment be doubled?
you can be liable for up to dollars if your debit card has been compromised and you wait more than two days after learning about the loss.
Under the federal Electronic Fund Transfer Act, if the debit card is lost, then the owner is liable for just $50 if the case has been reported within 2 days to the bank.
The bank has notified earlier that the liability would be $0 if the report of the loss or theft of the card is done immediately and up to $50 if you notify the bank within two business days after the card goes missing. Debit card is a digital bank card which enables payments and purchases without the use of money in cash and the amount gets deducted directly from the bank account. Many banks have already provided complaint platforms and redressal systems for people whose cards go missing or are broken or damaged. It is important that the user is alert about any false transaction made on the card after it goes missing so as to prevent the fraud.
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Bonds that are subject to retirement at a stated dollar amount prior to maturity at the option of the issuer are called?.
Bonds that are subject to retirement at a stated dollar amount prior to maturity at the option of the issuer are called callable bonds.
Bonds are a type of financial instrument for the corporation and are issued to attract funds from investors. Bonds are fixed-income securities that provide bondholders with redeemed bonds at par value and monthly interest payments. Bonds may be issued at face value, above face value, or below face value.
Bonds that have a call feature and are issued at the issuer's discretion are called callable bonds. Before maturity, these bonds are callable at any time for a specified amount of money. The corporation has the opportunity to pay off its debts as soon as feasible rather than waiting until maturity with callable bonds, also known as redeemable bonds.
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consider a company which had revenues of $28 million over the last twelve months. depreciation and amortization expenses were $9 million. operating margin was 37.2%. it has $20 million of debt, $4 million in cash, and 13 million shares outstanding. comparable companies are trading at an average trailing ev/ebitda multiple of 24. how much is each share worth using relative valuation?
Revenue is the cash generated from ordinary commercial enterprise operations, calculated because the common income fee instances the wide variety of devices sold.
The required details for Revenue in given paragraph
Revenues or income = $ forty one million
Depreciation & Amortization ( D&A) = $ 8
Operating margin = EBIT / income = 31.3 % = 0.313
EBIT = income x 0.313
EBIT = $ forty one m x 0.313
EBIT = $ 12.833
EBITDA = $ 12.833 + D&A = $ 12.833 + $ 8 = $ 20.833 m
Given
Comparable enterprise EV / EBITDA = 15
EV = EBITDA x 15 = $ 20.833 m x 15 = $ 312.forty nine m
Enterprise Value (EV ) = marketplace cost of equity + marketplace cost of debt - cash
marketplace cost of debt = $ 27 m
cash = $ 7 m
Substituting the values we get
$ 312.forty nine m = marketplace cost of equity + $ 27 m - $ 7 m
marketplace cost of equity = $ 312.forty nine m - $ 27 m + $ 7 m
marketplace cost of equity = $ 292.forty nine m
Number of stocks outstanding = 7 million
marketplace cost of equity = Price of percentage x wide variety of stocks outstanding
$ 292.forty nine m = Price of percentage x 7 m
Price according to percentage = $ 292.forty nine m / $ 7 m
Price according to percentage = $ forty one.78
Therefore enterprise's percentage fee = $ forty one.78
Revenue is cash delivered right into a enterprise with the aid of using its commercial enterprise activities. There are exclusive approaches to calculate revenue, relying at the accounting approach employed.
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When the direct write-off method is used, an entry for bad debt expense is required.
The entry for bad debt expense must debit Bad Debts Expense and credit Accounts Receivable when the direct write-off technique is applied.
When using the direct write-off technique, a bad debt expense item is necessary.When a customer's account is really written off, the bad debt charge is first shown on a company's income statement via the direct write-off technique. This usually happens months after the credit sale was made and is recorded using an entry that credits Accounts Receivable and debits Bad Debts Expense.
Businesses can reconcile these amounts in financial statements by using the direct write off technique of accounting for bad debts. The business records the debt in two accounts in order to use the direct write off method: Bad debts are charged as expenses. Receivables from Customers as a Credit.
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in cove management v. aflac, galgano, an independent contractor who solicited insurance business for aflac, rented office space from cove under aflac's name. when galgano defaulted on payments, cove sued aflac contending that galgano was its agent when he rented the office, so aflac was liable. the appeals court held that aflac:
A correct answer is option (B): was not obligated to the lease because Galgano did not have apparent authority to sign a lease that would bind AFLAC
Plaintiff Cove Management filed a lawsuit against defendants Darren Galgano, Barbier Group, Inc., and AFLAC, Inc.1. Against defendant AFLAC, the plaintiff alleged counts of breach of contract, "ratification," and unjust enrichment resulting from actions taken by defendant Darren Galgano.2. AFLAC filed a combined motion to dismiss the claims brought against it, in accordance with both sections 2-619(a)(9) and 2-615 of the Illinois Code of Civil Procedure (7 The trial court found that AFLAC had adequately raised affirmative elements that disproved the plaintiff's claims, and so granted AFLAC's section 2-619(a)(9) motion and dismissed the claims against AFLAC with prejudice. In this interlocutory appeal, the plaintiff challenges the Illinois Supreme Court's Rule 304(a)-which required the dismissal of its claims against AFLAC (eff. Feb.26, 2010).
The Complete Question is:
In Cove Management v. AFLAC, Galgano, an independent contractor who solicited insurance business for AFLAC, rented office space from Cove under AFLAC's name. When Galgano defaulted on payments, Cove sued AFLAC contending that Galgano was its agent when he rented the office, so AFLAC was liable. The appeals court held that AFLAC:
a. was not obligated to the lease because real estate deals must be in writing with the principal of the company agreeing to the lease
b. was not obligated to the lease because Galgano did not have apparent authority to sign a lease that would bind AFLAC
c. was obligated on the lease as its employee had apparent authority
d. was not obligated on the lease, but its employee who told Galgano it was ok to enter into such a lease was obligated
e. all of the other choices are correct
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a bond has a par value of $1,000, a current yield of 6.66 percent, and semiannual coupon payments. the bond is quoted at 98.05. what is the amount of each coupon payment?
$32.65 is the amount of each coupon payment.
Bond price = $1000 x 98.5% = 980.5. Price / Annual Coupon = Current Yield.
6.66% =Annual coupon / 980.5. Annual coupon: $980.5 x 6.66% = $65.30. Each coupon payment equals $65.30/2 =$32.65.
The annual interest rate that is paid on a bond from the date of issuance until maturity is known as a coupon and is represented as a percentage of the face value of the bond. Typically, when referring to coupons, we use the coupon rate (the sum of coupons paid in a year divided by the face value of the bond in question).
Bonds that have coupons, also referred to as bearer bonds or coupon bonds, are not registered, so simply possessing one of them entitles the holder to ownership.
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At the end of the film we learn that Chris became a multimillion and successful stockbroker. What lessons do you think this movie showed the class about professional success?
We learn that Chris became a multimillion and successful stockbroker after the two got talking, Mr. Gardner expressed an interest in joining the industry. They met again, and Mr. bridges helped Mr. Gardner secure an interview for an internship.
A stockbroker is a regulated broker, broker-dealer or registered investment adviser who may provide financial advisory and investment management services and execute transactions such as the purchase etc.
Chris Gardner left his job at Dean Witter to start his own firm, Gardner rich and he sold a minority stake in a multi-million dollar deal.
The lessons should take this movie showed the class about professional success is survival, determination, and never give up on your dreams.
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putting a bold disclaimer at the front of the handbook that says it is not a contract and requiring employees to sign the disclaimer is an attempt by businesses to:
Putting a bold disclaimer at the front of the handbook that says it is not a contract and requiring employees to sign the disclaimer is an attempt by businesses to protect themselves from being found to create an implied contract.
The implied contract refers to a legal obligation occurring due to the action, behavior, or situation of the parties involved in that contract. It is considered legal just like any other contract created legally and voluntarily between the parties.
The implied contract does not require any verbal or written confirmation between the parties involved in it. In some circumstances, it is difficult to enforce an implied contract due to a lack of evidence.
The underlying principles in an implied contract are based on fair play, where no party gets an undue advantage or benefit at the loss of the other party.
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if a lien is released because the tax debt has been satisfied prior to further action being taken, the property owner will receive a certificate of .
The property owner will receive a certificate of redemption.
A certificate of redemption is a formal declaration that the owner of a piece of property has fully paid all back taxes, penalties, fees, and interest due on the property.
The contents of a certificate of redemption vary by state. The one used in California, for example, specifies:
The year(s) in default.The amounts to be paid (including taxes, penalties, and other costs).The property’s description.The redemption date.The name and address of the redeemer.For more questions like Property tax click the link below:
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easements and profits are similar in that they are neither ownership nor possessory interests. in the scenario described in the case, what type of easement rights does john have?
john have An easement appurtenant is a particular kind of easement that connects two properties as dominating and servient tenement estates.
Real property, which is characterized as being immovable or fixed to the land, includes an appurtenance. Appurtenances in this situation have to do with the land. In legal agreements, such as the sale or transfer of a property, appurtenants confer ownership of specific goods to the party who owns the property. The dominant estate reaps the benefits of the easement, whereas the servient estate grants the easement. The easement of necessity is the appurtenant easement that is absolutely necessary for the use and enjoyment of the subject property. However, the quasi easement is what makes it possible to use the property in a reasonable, comfortable, and more practical manner.
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secret jungle resort, currently has common stock of $250,000, additional paid-in capital of $875,000, and retained earnings of $80,000. on may 15 of certain year, it issues 15,000 shares of $10 par common stock at $30 per share. based on this information, value of the stock equity as per that date would be:
Stock equity would be $1205000
Stock equity= common stock + paid in capital+ retained earnings
= 250000 + 875000 + 80000
= 1205000
Stock Equity- Equities are identical to stocks, which are ownership interests in a business. Thus, purchasing stocks entails purchasing equity. When you become an employee of a new company, you could also receive "equity." This indicates that you own a portion of the company's stock.
A form of corporate equity ownership and a kind of security is common stock. Outside of the United States, the words voting share and ordinary share are widely used. In the UK and other Commonwealth nations, they are referred to as equity shares or ordinary shares.
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what are some examples of successful tech startup founders that did not attend a first-tier university for either undergrad or grad school?
However, there are very successful tech leaders who never attended college, such Bill Gates and Mark Zuckerberg, who founded multibillion-dollar businesses.
What makes a good tech founder?The entrepreneurs who have the most sustained success with their startups will share a few traits in common. Vision, passion, the capacity to form effective teams, the capacity to maintain focus, the desire to ask for what is required, humility, and perseverance are among these qualities.The success of a new enterprise is predicted by startup experience, product knowledge, and industry capabilities.Six Essentials for Every Great Startup Founder
Seeing. Grit and Determination. Great founders need a vision for where they want to take their business. Starting and maintaining a business is frequently a very difficult journey. Coachability. The Ability to Recruit and Inspire. #6 An "Unfair" Advantage.To learn more about good tech founder refer to:
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take it all away has a cost of equity of 10.72 percent, a pretax cost of debt of 5.39 percent, and a tax rate of 21 percent. the company's capital structure consists of 74 percent debt on a book value basis, but debt is 34 percent of the company's value on a market value basis. what is the company's wacc? multiple choice 9.50% 11.12% 7.23% 8.52% 8.91%
But debt is 34 percent of the company's value on a market value basis. 8.91% is the company's WACC.
WACC = .62(10.96%) + .38(5.46%)(1 − .40)WACC = 8.91%Market value (OMV) is the price at which an asset trades in a competitive auction environment. Market value is often used interchangeably with open market value, fair value, or fair market value, although these terms are defined differently by different standards and can vary. The market value represents the value of a company according to the stock market. It is the price the asset will take in the market. In the corporate context, market value is the same as market capitalization. This is a calculated amount based on the current market price of the company's stock.
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the affordable care act created program that enables small firms to offer health insurance to their employees. the program provides flexibility, choice, and the convenience of on-line account management. this program is called the
A program made possible by the Affordable Care Act allows small businesses to provide health insurance to their employees. The program offers convenience of online account administration as well as flexibility and choice. The SHOP Marketplace program is the name of this initiative.
Quiz about the Affordable Care Act's functions.Obamacare is most commonly referred to as the Affordable Care Act. The act was passed to increase coverage, hold insurance providers more responsible, reduce healthcare costs, give people more insurance options, and improve the standard of healthcare and health insurance.
What did the individual mandate under the Affordable Care Act serve to accomplish?People who can afford to purchase health insurance are required to do so, or else they must pay a penalty, under the Affordable Care Act's individual responsibility provision, also known as the individual mandate.
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name the method of determining what sales volume must be reached before total revenue equals total costs.
The method of determining what sales volume must be reached before total revenue equals total costs is Break-even Analysis.
A break-even study evaluates the costs of a new business, service, or product against the unit sale price to establish when you will be financially independent. It represents the time when all of your expenses will be covered by your revenue. You won't have earned or lost any money by that time.
A financial method called "break-even analysis" can be used to determine a company's break-even point (BEP). It is an internal management tool as opposed to a computation that is frequently published to other parties like regulators or investors. However, if you seek for a loan, banks might want you to incorporate it in your financial projections.
Traditional advertising will continue to decline, albeit gradually.
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a client has a variable annuity with an assumed interest rate of 4%. the client received a first benefit check of $110. the separate account rate of return between the first and second month was 10%. the client received a second check for $125. what was the actual rate of return of the separate account between the second and third month if the client's third check was also for $125?
4% was the actual rate of return of the separate account between the second and third month if the client's third check was also for $125. A client has a a variable annuity with an assumed interest of 4%.
Regardless of market conditions, an annuity is a financial product that is created and backed by an insurance company and offers guaranteed monthly income payments for the duration of the contract. An annuity can be tailored based on a number of factors, including as how long you anticipate living, the commencement date of your payments, and whether you wish to leave your income stream to a beneficiary after your passing.The fundamental purpose of annuities is to augment more conventional retirement income sources like Social Security and pensions. Tax-deferred growth is one of the common traits. Until you start taking withdrawals or getting recurring payments, you won't have to pay income taxes on the returns from your annuity investments.
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city taxi service purchased a new auto to use as a taxi on january 1, year 1, for $36,000. in addition, city paid sales tax and title fees of $1,200 for the vehicle. the taxi is expected to have a five-year life and a salvage value of $4,000. required using the straight-line method, compute the depreciation expense for year 1 and year 2. assume the auto was sold on january 1, year 3, for $21,000. determine the amount of gain or loss that would be recognized on the asset disposal.
The depreciation expense is $6640. The loss that would be recognized on the sale of asset is $2920.
What is depreciation?The term "depreciation" in accounting refers to two related ideas: first, the actual decline in an asset's fair value over time, such as the value of factory equipment declining annually as used and wears out; and second, the allotment in accounting statements of the asset's original outlay to the periods during which the asset is used. Depreciation is the decrease in asset value and the process of redistributing, or "writing down," the cost of a tangible asset (such equipment), over the period of the asset's useful life. Businesses depreciate long-term assets for accounting and tax purposes.
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an annuitant receives payments under a variable annuity for a number of years. at his death, his widow receives a lump-sum payment. the annuity was a:
A variable annuity provides payments to an annuitant over a period of years. His widow is given a lump sum payment upon his passing. Variable unit refund annuity was the type of annuity.
Depending on the annuity, payments may continue to be made to a partner or other annuity recipient for years after the "annuitant" has passed away with some annuities.
A unit refund annuity is one in which, upon the annuitant's passing, the beneficiary is given a lump sum payment equal to the value of the remaining annuity units. An instalment refund annuity is one in which the beneficiary received the value of the remaining annuity units over time.
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why does the inclusion of women on corporate boards improve company performance? all of these answers are correct. women bring different life experiences to discussions. women are more likely to raise multiple stakeholder concerns. alternative courses of action are more realistically considered.
The inclusion of women on corporate boards improve company performance as women alternative courses of action are more realistically considered, Women bring different life experiences to discussions, Women are more likely to raise multiple stakeholder concerns.
More frequently than ever before, women in leadership positions are shifting jobs, and driven young women are prepared to follow suit. If companies want to make genuine, long-lasting progress toward gender equality, they must go above and beyond the bare criteria.
Compared to male executives, women leaders are far more likely to leave their jobs in order to have more flexibility or work for a company that is more committed to the welfare of its people. They are more than 1.5 times as likely to have left a previous role as males at their level, and these traits have only risen in importance for female leaders over the last two years.
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Suppose the monopolist has total fixed costs equal to $5 and a variable cost equal to $4 per unit for all units produced. What is the total profit if she operates at her profit-maximizing price?.
Suppose the monopolist has total fixed costs equal to$ 5 and a variable cost equal to$ 4 per unit for all units produced.$ 11 is the total profit if she operates at her profit-maximizing price.
Total profit = Price x volume
Total cost = Total fixed cost Variable cost per unit x volume
Borderline profit = Current total profit-former total profit/ Current volume-former volume
Borderline cost = Current total cost-former total cost/ Current volume former volume
Maximum profit = Total profit Total cost maximum profit = 24- 13 = 11The total profit if he operates at her profit-maximizing price ice.$ 11.
As Irving Fisher explained, a monopoly is a noncompetitive demand that creates a situation in which a particular person or establishment is the sole supplier of a particular thing. A monopoly zilches an individual, group, or company that controls and controls the demand for a particular good or service. This lack of competition and lack of indispensable goods and services means that monopolists apply enough power in their businesses to charge high prices.
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