When the government imposes price floors or price ceilings the following occurs " Some people win; some people lose; there is a loss of economic efficiency".
So, the option A is the correct option.
Yes, there is a loss of economic efficiency when some people win and some people lose. This is because when people win, the resources used to enable them to win (i.e. their time, money, effort, etc.) are no longer available to others in the market, resulting in a decrease in available resources overall. This can lead to a decrease in the overall productivity of the market, thus reducing economic efficiency.
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ou are planning to save $1 million for retirement over the next 30 years. a) if you are earning interest at the rate of 6% and you live 20 years after retirement, what annual level of living expenses will those savings support? b) suppose your retirement living expenses will increase at an annual rate of 3% due to inflation. determine the annual spending plan in line with your inflation.
Depending on your age when you begin saving, you will need to save a certain amount to be able to retire with $1 million. It goes from $116 per month for 20-year-olds to $2,623 per month for 50-year-olds if you receive a 10% yearly return. Using tax-advantaged retirement funds, such as 401(k)s and IRAs, allows you to save more money.
The number one financial goal for many people is to have $1 million saved up by the time they retire. Experts have long advised using this lovely, round number. Although the typical retiree does not have nearly as much money, saving that much money is feasible and does not require a six-figure income. Over the past 50 years, the stock market has returned an average of 10% annually.
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the ability to assess past events and to predict future activities are components of which qualitative characteristic of useful information?
Relative information is the ability to assess past events and to predict future activities are components of useful information.
Information that is relevant to financial decision-making is information that is helpful. For accounting data to be useful, it must possess the following characteristics: Value as a corroborating factor - provides information about prior events
Value in prediction - Provides information about possible future occurrences.
In order to analyse previous events, predict future events, or take action to prepare for potential future events, accounting data is crucial. For instance, creditors may take the company's performance during a strong quarter into account when determining whether to continue or increase the amount of credit available to a company.
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Suppose the economy is producing 180 tons of wheat and 200 trucks. Does this imply the economy is operating efficiently, the economy is not producing as much as it could, the demand for trucks is low, or that economic growth would help the economy move to its production possibilities frontier?
The economy is not producing as much as it could. This is because the production possibilities frontier (PPF) is a graph that shows the various combinations of goods and services that can be produced with the given resources and technology.
If the economy is producing 180 tons of wheat and 200 trucks, it implies that it is operating inside the PPF. This means that the economy is not using all of its resources efficiently and could produce more goods and services if it were to utilize its resources fully. Economic growth could help the economy move to its production possibilities frontier, as it would provide more resources and technology, allowing for increased production.
However, it is important to note that the demand for trucks does not necessarily have an impact on the economy's efficiency, as the PPF shows the maximum amount of goods and services that can be produced, not the amount that is demanded.
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prior to recording adjusting entries, the office supplies account had a $359 debit balance. a physical count of the supplies showed $105 of unused supplies available. the required adjusting entry is
There are many meanings associated with the term "debit balance" in relation to debit balance accounting, bank accounts, lending, and investment. This is a list of them.
When the left side of the account has a positive amount, the balance is said to be on the debit side. Accounts that often have a debit balance include assets, expenses, and losses. Some debit balanceof these accounts include cash, accounts receivable, prepaid expenses, fixed assets (asset) account, wages (expense), and loss on sale of assets (loss) account. Examples of contra accounts with typical debit balances are the contra obligation, contra equity, and contra revenue accounts. One of these accounts is represented by the treasury stock (counter equity) account.
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question mode multiple choice question which statement is true of incentives? multiple choice question. many employees receive incentives in the form of weekly salary. they are directly linked to the expenditures incurred to set up a subunit, such as a global product division. they refer to the devices used to reward appropriate employee behavior. they are not tied to the performance metrics used for output controls.
The correct option is D. Incentive plans never fail to satisfy employee expectations for pay gains.
An incentive program is a proper scheme used to sell or inspire precise actions or behavior by a specific organization of people throughout a described time frame. Incentive programs are especially utilized in enterprise management to motivate employees and in income to draw and keep clients.
In most instances, incentive websites grant rewards for finishing necessities. This generally calls for viewing classified ads, signing up for a website, entering a PIN code (via a cellular tool), buying trial merchandise or full merchandise, or finishing surveys. This in turn rewards the specified user in cash, factors, test, or its equal. Alternately, a suggestion might also entail referring website traffic by inviting them to a goal site beneath a referral link (precise to each consumer). Referrers in flip are either paid for all and sundry they invited or as a percentage of ensuing revenue.
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Complete Question:
Which of the following is true of incentive plans?
(a) Incentive payouts are fixed costs largely unrelated to output.
(b) Incentive compensation is unrelated to operating performance.
(c) Incentive plans never fail to satisfy employee expectations for pay gains.
(d) Incentive payouts are a means to reward or attract top performers when salary budgets are low.
Tim Houston purchased a wall unit for $2,300. He made a $600 down payment and financed the balance with an installment loan for 48 months. If Tim's payments are $42.50 per month, use the APR formula to calculate what annual percentage rate he is paying on the loan. (Round your answer to two decimal places.)
Tim is paying an annual percentage rate of 0.09 on the loan.
Finding the effective annual interest rate that accounts for the time worth of money and the effects of compounding is necessary to get the annual percentage rate (APR).
Let's first determine the monthly interest rate:
$2,300 (loan amount) * r (monthly interest rate) / (1 - (1 + r)(-48)) = $42.50 (monthly payment)
where r denotes the interest rate each month.
Using a financial calculator or an iterative approach like Newton-Raphson, we can find r. Once we know the monthly interest rate, we can use the formula below to determine the annual percentage rate (APR):
APR = (1 + r)^12 - 1
Using the financial calculator, the APR is 0.0854, which is rounded to two decimal places as 0.09, and the monthly interest rate is 0.00667.
Tim is therefore paying a 0.09 annual percentage rate on the loan.
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in which market would a producer buy the equipment and technology needed to manufacture bicycles?
Market resources would a producer buy the equipment and technology needed to manufacture bicycles.
What other names are given to the market system?
A market economy, usually referred to as a free market or free enterprise economy, is a system in which supply and demand governs economic decisions, including those pertaining to things like the prices of goods and services.
What is management of market resources?
The term "marketing resource management" (MRM) refers to a method of marketing administration that concentrates on the full pool of resources available to the marketing team, including personnel and financial resources. Management of production procedures, external vendors, and even digital asset management are all included.
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is a measurement of standard of living that includes education and
clean running water.
A. Financial wealth
B. Access to necessities
C. Income
D. Material wealth
other things being equal, a smaller quantity of u.s. funds would be demanded by foreign governments and corporations if their domestic interest rates were high relative to u.s. rates. a. true b. false
Other things being equal, a smaller quantity of U.S. funds would be demanded by foreign governments and corporations if their domestic interest rates were high relative to U.S. rates. This is a false statement.
Foreign governments – what are they?Foreign government refers to any government or governmental entity, institution, or instrumentality, including government-owned enterprises, that is not the United States Government or the State, Territorial, Tribal, or Jurisdictional Governments of the United States.
What sort of people work for foreign governments?A foreign government official is defined as an officer, office holder, or employee who works for a local, national, company that is partially owned or controlled by a government, or for a public international organization like the UN or the World Bank, whether they are full-time or part-time, no matter what rank they hold.
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homebuyers who withdraw individual retirement account (ira) funds under the first-time homebuyer program must use those funds within how long to acquire, build, or improve a residence, or to contribute toward closing costs?
If you use an IRA withdrawal to pay for a down payment on a home, make sure you use the money within 120 days of taking them out.
What is an illustration of a withdrawal?
She drew money from her bank account. He went to rehab to aid him with his heroin withdrawal. She suffered nicotine withdrawal symptoms after she stopped smoking. Abnormal physical or psychological characteristics that occur as a result of the rapid withdrawal of a substance with the potential to cause physical dependency. Sweating, goosebumps, vomiting, anxiety, sleeplessness, and muscular soreness are all frequent opiates withdrawal symptoms.
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The graph below shows how the price of video games varies with the demand quantity.
Suppose that consumers' incomes increased, such that more video games were demanded at each price level. This means that video games are a(n) _____ good.
inferior
normal
So, if consumer earnings rise and demand for additional video games rises, this proves that video games are a "Normal good." Inferior commodities are items or products whose demand falls as consumer income rises. When consumer earnings fall, demand for them rises.
What happens when consumer income rises?When real consumer income rises, customers will purchase a higher quantity of regular economic items. In consumer choice theory, the income effect and substitution effect are related economic concepts. A typical good is a product that people will purchase more of when their income increases. In other words, rising consumer earnings will boost demand for everyday items. On a graph, it will cause the entire curve to move to the right. Income and demand are closely associated in the case of ordinary products, which means that an increase in income causes demand to grow and a drop in income leads demand to fall.
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the law of supply asserts that the lower the price of a good, the more producers are willing to supply it. select one: true false
The law of supply states that higher prices result in higher supplies while lower prices result in reduced supplies.
What does supply-side law mean?
The law of supply states that when a good or service's price increases, its suppliers make more of it available to the market. Current suppliers may increase production of more expensive products to increase profits, and new suppliers may also enter the market.
The law of supply can be quickly resolved by...
The law of supply states that higher prices lead to increased supplies and lower prices lead to lower supplies.
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what 1935 u.s. government act initiated the development of the federal-state unemployment insurance system?
The Social Security Act established a system of retirement benefits for workers, compensation for victims of industrial accidents, unemployment insurance, and benefits for children, the blind, and people with disabilities. It came into effect on August 14, 1935.
What piece of legislation served as the impetus for the joint federal-state unemployment insurance system to be established?
Unemployment insurance was implemented nationally in the United States as part of the Social Security Act of 1935's Title III and Title IX. It is an organized federal-state effort.
What did the federal Social Security Act of 1935 create?
a social insurance program designed to offer retired individuals, 65 and older, a reliable income when they cease working.
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) muffy's muffins had net income of $2360. the firm retains 65 percent of net income. during the year, the company sold $325 in common stock. what was the cash flow to shareholders?
During the year, the company's cash flow to shareholders will be $501.
Net income = $2,360
The earnings retained by the firm = 65% of net income
= 65% × $2,360 = $1,534
Dividends being paid = net income - retained earrings
= $2,360 - $1,534 = $826
Company sold common stock = $325
Net new equity = $325
Thus,
Cash flow to shareholders = Dividends being paid - New equity (net)
=$826 - $325
= $501
In order to pay taxes, buy inventory, pay employees, and cover operating expenses and daily operations, it is essential. An increase in a company's liquid assets is indicated by positive cash flow. Low profit margins, issues with billing and payment collection, and excessive investments in capacity or inventory can all lead to cash flow problems.
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setting contingency plans in an organization is considered very important today mainly because conditions change rapidly in today's economic and competitive environments
An organisation can recover from an unforeseen occurrence with the use of a contingency plan. Learn the seven steps to constructing one while reducing distractions.
Which kind of organisation do you mean?
A group of people who cooperate, such as in a union, corporation, charity, or neighbourhood association, constitutes an organisation. The word "organisation" can apply to a person, a group, a company, or the process of creating something.
A system of how actions take place within an organisation to accomplish its objectives is known as an organisation type. The company's policies and each employee's unique duties and obligations are included in these activities.
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the economy of northwestern europe is highly developed and______
Industrialized. The economy of Northwestern Europe is highly developed and Industrialized by a high standard of living, advanced technological infrastructure, well-established social welfare systems, and a highly skilled workforce.
It is also known for its high levels of economic and political stability, advanced education systems, and innovative industries.
The countries that make up Northwestern Europe, such as Germany, France, the Netherlands, Belgium, and the United Kingdom, are among the wealthiest in the world, with high levels of productivity and strong international trade relationships. These countries also place a strong emphasis on environmental sustainability and have implemented policies and practices to reduce their carbon footprint and promote renewable energy.
Overall, the economy of Northwestern Europe is highly advanced and continues to be a global leader in many industries and areas of innovation.
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2.11 as an operations management student, you have been hired by a local restaurant to perform a factor-rating analysis to help the restaurant choose an outsourcing provider. you have identified three important factors: quality, taste, and delivery time; giving the following weightage to each factor: 60% for the quality, 30% for taste, and 10% for the delivery. you have scored three different potential outsourcing providers on the three factors, using a scale of 1 to 5 (with 5 representing the best option and 1 representing the worst). based on the scores provided in the table below, which outsourcing provider should the restaurant choose?
outsourcing provider Graph A the restaurant should choose bases on the scores,
Contractionary fiscal policy wale take the form of decrease in government purchases or an increase in tax. Both are going to increase public saving. Which increases National saving. This will increase the supply of domestic currency to be exchanged and the S-I curve shifts to the right. The real exchange rate depreciates. When the government reduces its spending, it decreases the amount of money flowing into the economy. This reduction in government purchases decreases the demand for goods and services in the economy, which causes a decrease in output and employment. This decrease in output and employment causes a reduction in income, which leads to a decrease in consumption and investment, and consequently, a decrease in aggregate demand. contractionary fiscal policy can lead to a decrease in government purchases or an increase in taxes, which reduces aggregate demand and slows down economic growth. However, it can also lead to an increase in public saving, which increases the supply of domestic currency to be exchanged, and the S-I curve shifts to the right. This leads to a reduction in interest rates, an increase in investment, and a decrease in the real exchange rate, which helps to offset the initial decrease in demand caused by the contractionary fiscal policy.
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the level of management that devotes the greatest amount of time to planning is
Option C. The level of management that devotes the greatest amount of time to planning is Executives.
Executives are responsible for setting the overall direction and strategy of the organization, and they devote a significant amount of time to planning and decision-making. They are also responsible for making major decisions that affect the organization's long-term goals, and they need to consider a wide range of factors when developing strategic plans, such as market conditions, competition, and industry trends. While supervisors and middle managers may also be involved in planning, their focus is usually on operational or tactical plans, which are more short-term and specific in nature. Distributors, on the other hand, are not typically involved in the planning process at all.
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The level of management that devotes the greatest amount of time to planning is
A) Supervisors
B) Middle Managers
C) Executives
D) Distributers
how many steps are involved in the managerial task of planning?multiple choice question.sixthreefivefourten
Six steps are involved in the managerial task of planning.
Hence, option (a) six, is the correct option
The managerial task of planning typically involves six steps:
Establishing objectives and goals, specific, measurable, achievable, relevant, and time-bound (SMART) goals that the organization wants to achieve. Identifying resources needed to achieve those goalsDeveloping strategies and plans to allocate resources and achieve goals After setting objectives, managers must develop strategies to achieve those objectives. These strategies outline the courses of action that the organization will take to achieve its goals.Implementing plans and strategies through projects and programsMonitoring and evaluating progress toward goalsMaking adjustments and revisions to plans and strategies as needed managers need to monitor progress towards the objectives and adjust their plans as necessary. This involves regularly measuring performance, identifying any issues or challenges, and making changes to the plans to ensure that the objectives are achieved.For more such questions on planning.
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The missing option are:
(a) 6
(b) 5
(c) 4
(d) 8
a personnel director for a corporation has hired ten new engineers. if three positions are open at a plant, in how many ways can he fill the positions?
If there are ten new engineers and three open positions, the personnel director must select three engineers from a pool of ten to fill the openings. The combination formula .
gives the number of possibilities to choose three engineers from a pool of ten: C(10, 3) = 10! / (3! * (10 - 3)!) = 120 As a result, the people director has 120 options for filling the three jobs with the ten new engineers. a personnel director for a corporation has hired ten new engineers. there are ten new engineers and three open positions, the personnel director must select three engineers from a pool of ten to fill the openings. The combination formula . if three positions are open at a plant, in many ways can he fill the positions.
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if the demand for a product increases proportionately faster than the increase in consumers' incomes, then the income elasticity of demand for the product is
The product's income elasticity of demand is greater than zero. Their income elasticity of demand will undoubtedly be positive, and the product will be categorized as a normal good.
What is elasticity of income?The ratio of the percentage change in the consumer's demand for quantity to the percentage change in income is commonly referred to as income elasticity of demand. The goods can be categorized as normal goods if it is greater than zero or positive. And if it is less than zero or negative, the item is considered to be of lower quality. As a result, the question makes it abundantly clear that a product's demand rises faster than consumer income.
As a result, their income elasticity of demand will undoubtedly be positive, and the product will be categorized as a normal good. The response is higher than zero.
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janelle recently received a promotion at her job, increasing her income from $940 per week to $1,060 per week. as a result, she decides to purchase 9% more sushi per week. computed using the midpoint method, the income elasticity of janelle's demand for sushi is: group of answer choices 0.75. 1.33. 0.90. 1.00.
Computed using the midpoint method, the income elasticity of Janelle's demand for sushi is: ((Xnew-Xold)/(Xaverage) (1060-940)/(1060+940/2) = .12 -> 9%/12% = 0.75). The correct option is a.
What is income elasticity?The income elasticity of demand is the responsivenesses of the quantity demanded for a good to a change in consumer income. It is measured as the ratio of the percentage change in quantity demanded to the percentage change in income.
If a 10% increase in Mr. Ruskin Smith's income causes him to buy 20% more bacon, Smith's income elasticity of demand for bacon is 20%/10% = 2.
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Antitrust laws have been implemented by governments to promote _____.A. price fixingB. competitionC. monopoliesD. bid rigging
Antitrust laws have been implemented by governments to promote competition.
Antitrust laws are put in place by governments to promote competition in the marketplace. These laws are designed to prevent monopolies and encourage fair competition among businesses. The purpose of these laws is to protect consumers by ensuring that there is a fair and level playing field in the marketplace. By promoting competition, businesses are forced to offer better products and services at competitive prices. This benefits consumers by giving them more choices and access to better quality products. Antitrust laws also help to prevent illegal practices such as price-fixing, bid-rigging, and other forms of collusion that can harm consumers and limit competition.
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g john and holly are married and file a joint tax return. they have taxable income of $90,000. holly has an opportunity to earn an additional $100. what is their marginal tax rate on the additional income? multiple choice question. 10% 22% 12.3% 12%
10% is their marginal tax rate on the additional income. Married couples have the choice to file their federal income tax returns jointly or individually. By offering many tax incentives to individuals who file jointly, the IRS aggressively encourages the majority of couples to file joint tax returns.
Your taxable income is your gross income less all allowable deductions. Before utilising any available tax credits, estimate how much you'll owe by comparing that sum to your tax bracket. The following sums represent the tax items for tax returns year 2022 that most taxpayers will find most interesting: For married couples filing jointly in tax year 2022, the standard deduction increases by $800 to $25,900.
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why would smucker prefer to issue more than $1 billion in bonds over 18 months rather than issuing common or preferred stock.
It is possible that Smucker may prefer to issue more than $1 billion in bonds over 18 months rather than issuing common or preferred stock because it would allow the company to raise capital at a lower cost of capital while maintaining control and providing more predictability in its financial planning.
There are several reasons why a company like Smucker might prefer to issue bonds over common or preferred stock:
Tax benefits: Interest payments on bonds are tax-deductible, which can result in significant savings for a company. In contrast, dividends paid on common and preferred stock are not tax-deductible.Lower cost of capital: Bonds generally have a lower cost of capital than equity. This is because bond investors are typically less interested in a company's long-term growth potential and more focused on the security of their investment. This allows companies to raise capital at a lower cost than if they were issuing equity.Maintaining control: Issuing bonds does not dilute the ownership interest of existing shareholders, unlike issuing common or preferred stock. This means that the company can raise capital without giving up any control or ownership of the business.Predictability: Bonds generally have a fixed interest rate and a fixed maturity date, which can provide more predictability for a company's financial planning. In contrast, dividends on common and preferred stock can be more variable, making it harder to forecast future cash flows.Market conditions: Depending on market conditions, it may be easier or more cost-effective for a company to issue bonds rather than equity. For example, if interest rates are low, bond issuances may be more attractive to investors than stock issuances.Given these factors, it is possible that Smucker may prefer to issue more than $1 billion in bonds over 18 months rather than issuing common or preferred stock because it would allow the company to raise capital at a lower cost of capital while maintaining control and providing more predictability in its financial planning. Additionally, if interest rates are low, issuing bonds may be a more attractive option for investors, which could help Smucker raise the capital it needs to finance its growth plans.
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under the proportionate method the proceeds from the sale of debt with detachable stock warrants should be allocated between the two securities based on the: under the proportionate method the proceeds from the sale of debt with detachable stock warrants should be allocated between the two securities based on the: face value of the bonds. the proportionate share of the fair market value of each security to total fair market value of the both bonds and stock warrants. fair market value of the bonds. face value of the bonds and market value of the warrants.
According to the proportionate technique, the proceeds from the sale of bonds with detachable stock warrants should be divided between the two securities according to their respective proportions of the total fair market value of the bonds and stock warrants.
In other words, the distribution is determined by the relative market value of each asset at the time of issuance. For instance, if the bonds are worth $800,000 and the stock warrants are for $200,000, the total fair market value of both instruments is $1,000,000. Bonds account for 80% of the whole fair market value of both instruments, while stock warrants account for 20% of the total fair market value. Thus, the proceeds from the sale of debt instruments accompanied by stock warrants that are detachable ought to be divided so that bonds receive 80% of the proceeds and stock warrants receive 20% of the proceeds.
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sales for year 2 were $800,000. accounts receivable was $100,000 at the end of year 1 and $150,000 at the end of year 2. the accounts receivable turnover for year 2 (rounded to one decimal) was:
Sales for year 2 were $800,000. accounts receivable was $100,000 at the end of year 1 and $150,000 at the end of year 2. The accounts receivable turnover for year 2 was 6.4 times.
As,
Sales of year 2=$800,000
Accounts receivable = $100,000 + $150,000 = $2,50,000
So, $800,000 / (($2,50,000) / 2) = 6.4 times
Sales are activities related to the sale or quantity of goods sold during a certain period of time. A seller or supplier of goods or services engaged in a sale in response to acquisition, appropriation, requisition, or direct interaction with the buyer at the point of sale. There is a transfer of title to the item and a settlement of a price, where an agreement on a price takes place the transfer of ownership of the item.
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What is the outcome of enforcing contracts and property rights in a market​ system?
In one equilibrium, property rights are upheld and market activity is unrestricted. The other lacks the enforcement of property rights, which discourages commerce.
Equilibrium and an example are what?
The Latin word libra, which means weight or balance, is where the word equilibrium first appeared. Examples of equilibrium include an open book that is at rest. an automobile moving steadily. a chemical reaction where the rates of reaction both forward and backward are equal. Chemical equilibrium is the condition in which the amount of reactants or products has not changed significantly throughout a reversible chemical reaction. When a chemical reaction is reversible, the products begin to interact with the original reactants right away.
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you want to buy a new sports car from muscle motors for $80,000. the contract is in the form of a 72-month annuity due at an apr of 7.35 percent. what will your monthly payment be?
As per the details given in the question, The Monthly Payment (PMT) will be $1,414.76.
To calculate the monthly payment (PMT) for a 72-month annuity due, we can use the following formula:
Payment = A / (((1 + r/n)^n) * ((1 + r/n) - 1))
where:
A = the amount of the loan or the present value of the annuity
r = the annual interest rate as a decimal
n = the number of compounding periods per year
In this case, A = $80,000, r = 0.0735 (since APR is the annual percentage rate), and n = 12 (since we are making monthly payments).
Plugging in these values, we get:
Payment = 80,000 / (((1 + 0.0735/12)^12) * ((1 + 0.0735/12) - 1))
Payment = $1,414.76
Therefore, your monthly payment will be $1,414.76. Note that since this is an annuity due, the first payment will be due immediately upon signing the contract.
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Suppose initially that the United States is consuming 18 boots and 2 shirts and Canada is consuming 4 boots and 12 shirts, as indicated in the figure. ​ Then, suppose the United States and Canada specialize by each only producing the good for which they have a comparative advantage and then trade. In​ particular, suppose the United States trades Canada half of its production for half of what Canada produces.
The United States will have ___ additional​ shirt(s) after the trade ​(enter a numeric response using an​ integer) and __ additional​ boot(s). At the same​ time, Canada will be able to consume ___ additional​ shirt(s) as a result of the trade and ___ additional​ boot(s.
The US will consume 12 shirts with trade. (4+8=12 and 12-2=10) The US will have 10 additional shirts. The US will consume 18 boots with trade. 18-18=0 0 additional boots.
What is trade?Trade is a term used to describe economic activities. Trade is the term used to describe the purchasing and selling of goods and services. Trade can take many various forms, including both domestic and international trade.
According to the trade-off between how much consumption it was in the upcoming period is the in light of the fact that an enlargement in utilisation later on households should save, accordingly giving assets to undertaking. A US will consume 12 shirts.
As a result, the significance of the trade are the aforementioned.
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