A. expectancy theory
Within the management community, the Expectancy Theory of Motivation has grown in popularity as a tactic for matching employee and corporate incentives.
According to the expectation theory (also known as the expectation theory of motivation), someone will act or behave in a given manner because they are motivated to choose that action above others based on what they anticipate the outcome of that conduct to be.
The desirability of the consequence determines the motivation for the action choice. However, the cognitive process through which a person interprets various motivational elements forms the theoretical basis of the theory.
This is done before making the ultimate choice. The outcome is not the sole factor of decision-making of behavior.
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Money, Banking, and the Federal Reserve System - End of Chapter Problem a. Show the changes to the T-accounts for the Federal Reserve when the Federal Reserve sells $30 million in U.S. Treasury bills. Assets Liabilities Treasury bills +30 million Monetary base +30 million Treasury bills - 30 million Monetary base-30 million Answer Bank b. Show the changes to the T-accounts for commercial banks when the Federal Reserve sells $30 million in U.S. Treasury bills. Assets Liabilities Answer Bank Treasury bills 30 million Reserves - 30 million Treasury bills 30 million Reserves 30 million c. If the public holds a fixed amount of currency (so that all new loans create an equal amount of checkable bank deposits in the banking system) and the minimum reserve ratio is 5%, by how much will the money supply change in response to this open market operation? Enter your answer in terms of millions of dollars. Total change in money supply: $ million
a) The Federal Reserve sells $30 million worth of T-Bills to commercial banks.
b) There won't be any "immediate" changes made to its liabilities.
c) The commercial banks' T-account will ultimately change when the money supply falls by $600 million.
a) Commercial banks purchase T-Bills worth $30 million from the Federal Reserve. As the money is deducted from the bank's reserve account, the Federal Reserve's assets, which are T-bills, will decline by $30 million (-$30 million), and its liabilities, which are the monetary base and reserves of the banks, will likewise decrease by $30 million (-$30 million).
Consequently, the initial adjustment to the Federal Reserve T-account following the sale of the T-Bill is
Federal Reserve assets equal Treasury Bills less than $30 million.
Federal Reserve liabilities equal the monetary base minus $30 million.
b) According to the Commercial Bank, while its assets in the form of T-Bills will rise (by +$30 million), its assets in the form of cash reserves will fall (by -$30 million), so reducing the quantity of money in circulation. No "immediate" change will be made to its liabilities.
Assets of Commercial Banks:
T-Bill plus $30 million
Bank's Commercial Liabilities:
Reserve of Cash -$30 million
It shows No Change.
c) Commercial banks will make fewer cash loans since banks have $30 million less in their cash reserves. The amount available for loans and deposits would further decrease if a minimum reserve ratio of 5% were mandated. The bank will need to cut its loan portfolio by $600 million in order to meet the 5% minimum reserve requirement. This is the maximum amount that 5% cash in reserve can support.
⇒ [5 / 100(x)] = -$30 million
⇒ [(30 * 100) /5] = 3000 / 5 = -$600 million
As a result, when the money supply decreases by $600 million, the ultimate change in the T-account of commercial banks is as follows:
Assets of Commercial Bank:
T-Bill plus $30 million
Loans = $600 Million
Bank's Commercial Liabilities:
Reserve of Cash = -$30 million
Checkable Deposits = $600 million
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the owner of a small restaurant that sells takeout fried chicken and biscuits each month pays $2,500 in rent, $500 in utilities, $750 interest on his loan, insurance premium of $200, and $250 on advertising on local buses. a bucket of chicken is priced at $9.50. unit variable costs for the bucket of chicken are $5.50. how many buckets of chicken does the restaurant need to sell to break even each month?
The restaurant needs to sell 461 buckets of chicken each month to break even.
What is the total variable cost for producing a bucket of chicken? The total variable cost for producing a bucket of chicken is $5.50. This cost includes the cost of ingredients such as the chicken, seasonings, and other ingredients used in the recipe. It also includes the cost of labor required to prepare the chicken and package it for sale. This cost does not include the fixed costs of running the restaurant, such as rent, utilities, interest, insurance premium, and advertising. These fixed costs are necessary to keep the restaurant running, but do not change with the number of buckets of chicken sold. The total cost of a bucket of chicken, including both the variable and fixed costs, is $9.50.
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after performing association rules analysis, you discover certain patterns that are very accurate in predicting the likelihood that a customer will buy the new exercise equipment. this discovery is likely to make your company a lot of money and also make you an analysis superstar at your company. at the same time, you realize the web advertising company has been collecting its data using inappropriate, albeit not illegal, means. even though most consumers realize their online activities are tracked without their express permission, do you consider this ethical? how might ethical principles informed by a christian perspective be beneficial for christians and non-christians alike in a situation like this? does it affect the ethics of the situation if the product the exercise company wants to sell is one that can benefit the customer?
Even though it is widely acknowledged that customers are unaware that their online activities are being tracked and continue to do so, this does not authorize the collection of data without the customers' explicit consent.
What is Customers' Explicit Consent?a look at what the General Data Protection Regulation (GDPR) says about explicit consent, which is necessary in some cases. In accordance with the EU GDPR, the Article 29 Data Protection Working Party (WP29) has provided guidelines for consent. In order to provide supervisory authorities with guidance, the GDPR consent guidelines were published in December 2017 and can assist you in achieving GDPR compliance.
According to Article 4 (Definitions) of the General Data Protection Regulation, explicit consent is not strictly included in the definition of consent, which states that consent of the data subject regarding personal data means any:
a statement or clear affirmative action from the data subject indicating his or her agreement to the processing of personal data pertaining to him or her that is freely given, specific, informed, and without ambiguity.
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the company charges 45$ a day for the car as well as charging a one time 25$ for the car gps write an equation for in dollar c as a function of the number of days d the car is rented
If the firm charges 45$ per day for the car in addition to a one-time 25$ fee for the GPS, renting a car for a week would cost 340$.
A firm is a for-profit business entity that offers professional services, such as a corporation, limited liability company (LLC), or partnership. Most businesses only have one location. On the other hand, a business company is made up of one or more physical locations that are all owned by the same person and have the same EIN (EIN). The term "firm," when used in a title, is frequently connected to companies that offer expert legal and accounting services, but it may also refer to a wide range of companies, including consulting, marketing, and graphic design firms, among others.
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If one wanted information on how smog affects air pollution, the person could access a website for Virginia's...
A.)Department of Public SafetyB.)Department of StatisticsC.)Department of Environmental QualityD.)Department of Air Defense
As a result of the presence of compounds in the atmosphere that are hazardous to human health and the health of other living things, or that impair the climate or materials, air pollution is the contamination of the air. The natural properties of the atmosphere are also changed by the contamination of the interior or outdoor environment, whether by chemical, physical, or biological factors.
What are impacts of transportation pollution?
Transport has a big impact on the environment since it consumes a lot of energy and burns the majority of the world's petroleum. Due to the production of carbon dioxide, this causes air pollution such as nitrous oxides and particles and contributes significantly to global warming
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which of the following best describes free cash flow to the firm? a. cash flow available for distribution to shareholders after capital expenditures. b. cash flow available to the providers of capital (debt and equity) holders after capital expenditures
Free cash flow to the firm is best described by cash flow available to the providers of capital (debt and equity) holders after capital expenditures. Thus, option (b) is considered to be correct.
Give a brief account on capital expenditures.Funds used by a business to purchase, improve, and maintain tangible assets like land, buildings, machinery, plants, and other property are known as capital expenditures (CapEx). CapEx is frequently used by businesses to launch new initiatives or investments. Repairing a roof (if it extends the useful life of the roof), buying equipment, or constructing a new factory are all examples of capital expenditures on fixed assets. These kinds of financial investments are made by businesses to broaden the scope of their operations or to add some potential economic benefit.
How much a corporation invests in new and current fixed assets to maintain or expand its business can be determined by looking at CapEx. In other words, a company's capital expenditures (CapEx) are any expenses that are recorded as investments on the balance sheet rather than as expenses on the income statement. When a corporation capitalizes an asset, it must spread the cost of the investment across the asset's useful life.
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Effective ads turn mere products into actual brands by:
Effective ads turn mere products into actual brands by creating emotional connections and building trust with consumers.
Effective ads are the ones that can turn mere products into actual brands. This is done by creating emotional connections and building trust with consumers. Effective ads use different techniques such as storytelling, emotional appeals, and persuasive language to create a sense of connection and familiarity with the product, making it stand out from its competitors. By doing so, it makes the product more than just a product but a brand that customers can identify with and remember. In addition, effective advertising also helps to create a positive image for the product, which can help to build trust with consumers, encouraging them to purchase the product. When people trust a brand, they are more likely to buy from them, creating a loyal customer base. Therefore, effective advertising is crucial in creating a brand from a mere product.
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Which of the following can the FAIR test help you avoid?
A. showing preference to one employee over another
B. revealing confidential or proprietary information
C. receiving low ratings from subordinates
D. rationalizing unethical behaviors
E. showing disrespect to other people
The answer that you should avoid choosing for the aforementioned statement is [E], which is disrespecting other people.
What makes a test fair important?
Finding the solution to a problem and verifying its accuracy can be done through fair testing. Knowing the exact reason behind something helps us. By doing this, we are able to identify the change's origin.
Disrespecting other people in public, Using the FAIR test is one method of assessing your communications. we have to avoid disrespecting people in anyways.
Therefore, Facts, Access, Impacts, and Respect are referred to as FAIR. Business communication must satisfy the FAIR Test in order to be considered ethical.
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what is the first step in managing quality effectively? a. understanding the meaning of quality b. winning the malcolm baldrige award c. achieving six sigma d. making a strategic commitment
d. making a strategic commitment. the first step in managing quality effectively The amount of interest due every period as a percentage of the amount lent, deposited.
or borrowed is referred to as the interest rate (called the principal sum). The total interest on a lent or borrowed amount is determined by the principle amount, the interest rate, the compounding frequency, and the length of time it is lent, deposited, or borrowed. The annual interest rate is the rate over a one-year period. Other interest rates are applicable over other time periods, such as a month or a day, although they are often annualized.A corporation borrows money from a bank in order to purchase assets for its business. In exchange, the bank charges interest to the firm. (As security, the lender may request rights to the new assets.) Individuals' deposits will be used by a bank to provide loans to their customers.
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peggy penalizes her son $1 of his $20 per week allowance every day he fails to make his bed. this is a form of
cent of the lowest overall bid.... lstartor, for the allowance of his final. tertaining her 3-year-old granddaughter from Evart for the past week.
What does an Illustrator do?
Illustrators are in charge of producing works of art that transmit a particular idea or message. Typically, illustrations are used by clients in publications including books, periodicals, websites, and adverts. Finding out what an illustrator's responsibilities are if you're interested in pursuing an artistic career may be helpful for you. Illustrators spend their entire day creating commercial art, although they can choose to concentrate on a variety of tasks or focus on just one. These artists may produce a variety of illustrations, such as works of medical art.
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a product passes 99% of the functional requirements defined in the scope. a customer is unwilling to accept the product since it did not pass 100%. a project manager is assessing what could have been done differently to avoid this. what should the project manager have done?
Review ground rules with project manager while analyzing stakeholder needs and expectations.
The impact assessment step is the process of determining the impact of changes on the project. Change request templates allow for a structured collection of all relevant information. Its purpose is to enable sponsors and stakeholders to make informed decisions. Completely sell the project management concept to the entire organization. daily stand-up. A daily standup is a short, timed meeting involving the project team and relevant stakeholders.
The Stakeholder Register - (13.1 Stakeholder Identification Outcomes) contains information about stakeholders so that we can identify those who can provide information on requirements. This process of communicating and working with stakeholders to meet their needs/expectations, address any issues that arise, and build appropriate stakeholder involvement in project activities throughout the project lifecycle. is known as the management stakeholder engagement process. Her five steps in the risk management process are risk identification, assessment, mitigation, monitoring and reporting.
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If a constant value 15 is subtracted from each observation of a set, the variance is ________.A.reduced by 15B.reduced by 225C.unalteredD.increased by 225
The square root of the standard deviation is the formula for variance. Therefore, the variance will not change if a constant value of 15 is deducted from each observation of the set, as the effect of such an act will be handled at the time of calculating the deviations of the series.
Variance is the expected squared variation of a random variable from its population mean or sample mean in probability and statistics. Variance measures dispersion, or how distant numbers are from their average value. Descriptive statistics, statistical inference, hypothesis testing, quality of fit, and Monte Carlo sampling require a variance.
Science uses statistical data analysis, hence variance is important. The variance is the square of the standard deviation, the second central moment of a distribution, and the random variable's self-covariance.
The variance of a sum of uncorrelated random variables is equal to the total of their variances, making it easier to manipulate algebraically than the predicted absolute deviation. The variance's units differ from the random variable, making it less useful for practical applications than the standard deviation, which is presented as a measure of dispersion after calculation.
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page 139 5.5. when do price floors matter? true or false: unlike price ceilings, price floors lead to very positive effects when properly implemented
When correctly implemented, the claim that price floors have significant favourable impacts is false.
Price floors have a number of unanticipated effects that are hardly ever taken into consideration by decision-makers. The lowest cost that can be incurred in a market for goods and services, labour, or financial capital is referred to as the "price floor." The minimum wage, which is founded on the normative notion that someone working a full-time job should be able to afford a basic standard of living, is likely the most well-known example of a price floor.The lowest price at which a good, commodity, or service may be sold is constrained and is decided by the government or another party. For it to be effective, the price must be greater than the equilibrium price.
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6. Deriving the short-run supply curve Consider the competitive market for halogen lamps. The following graph shows the marginal cost (MC), average total cost (ATC), and average variable cost (AVC) curves for a typical firm in the industry.
The short-run supply curve of the firm is given by the marginal cost (MC) curve.
What do you mean by marginal cost?Marginal cost is the change in total cost that results from a one-unit increase in production. It is the cost associated with producing one additional unit of a good or service. It is calculated by taking the total cost of production and dividing it by the number of units produced. Marginal cost can help companies determine the optimal level of production by calculating the cost of producing additional units and comparing it to the potential revenue gained from the sale of those additional units.
The MC curve shows the cost of producing one additional unit of output, and the firm will supply output up to the point where the marginal cost of producing an additional unit is equal to the market price. Thus, the short-run supply curve is given by the MC curve.
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The complete question is-
Deriving the short-run supply curve Consider the competitive market for halogen lamps. The following graph shows the marginal cost (MC), average total cost (ATC), and average variable cost (AVC) curves for a typical firm in the industry.
For each price in the following table, use the graph to determine the number of lamps this firm would produce in order to maximize its profit. Assume that when the price is exactly equal to the average variable cost, the firm is indifferent between producing zero lamps and the profit-maximizing quantity. Also, indicate whether the firm will produce, shut down, or be indifferent between the two in the short run. Lastly, determine whether it will make a profit, suffer a loss, or break even at each price.the following graph, use the orange points (square symbol) to plot points along the portion of the firm's short-run supply curve that corresponds to prices where there is positive output. (Note: You are given more points to plot than you need.)Suppose there are 8 firms in this industry, each of which has the cost curves previously shown.
On the following graph, use the orange points (square symbol) to plot points along the portion of the industry’s short-run supply curve that corresponds to prices where there is positive output. (Note: You are given more points to plot than you need.) Then, place the black point (plus symbol) on the graph to indicate the short-run equilibrium price and quantity in this market.At the current short-run market price, firms will: a) shut down b) produce in the short run. In the long run: a) firms will neither enter nor exit b) some firms will enter c) some firms will exit
investor irving sells a property. he then reinvests the proceeds in a brand new property and defers all capital gain taxes. this is called a(n):
The given situation is an example of a like-kind exchange.
What is a like-kind exchange?
A like-kind exchange, also known as a 1031 exchange under US tax law, is a transaction or series of transactions that permit the sale of one asset and the purchase of a different replacement item without resulting in a current tax liability from the sale of the original asset.
Business for business, real estate investment property for real estate investment property, livestock for eligible animals, and swaps of other qualifying assets are all examples of like-kind exchanges.
Exchanges of like kind have been referred to as "tax loopholes" or tax benefits.
Therefore, the given situation is an example of a like-kind exchange.
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outline the requisite functions of effective group decision making. are there any cases in which one might be more important than the other?
Analysis of the problem, Goal setting, Identification of alternatives and Evaluation of positive and negative characteristics are the requisite functions of effective group decision making.
A situation in which people jointly choose from the options available to them is known as group decision-making, also known as collaborative decision-making or collective decision-making. Thus, no longer being a part of the group, no longer can the choice be attributed to any one member. This is due to the fact that all people and social group dynamics, such as social influence, impact the outcome. When compared to individual judgements, collective decisions are frequently different. Collaborative decision-making is one of the most effective processes in working contexts for gaining support from other stakeholders, establishing agreement, and fostering innovation. The concept of synergy holds that judgements made by a group of people as opposed to one person often have a greater impact.
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your company considers running a marketing campaign to increase sales. the spending budget is $200,000 on the campaign. the unit variable cost of the product includes two parts: labor cost $20, and material cost $30. the sale price is set at $150. how much incremental sales needs to be achieved in order to break even this campaign?
CVP analysis examines the impact of changes in sales volume on costs and operating margins. Operating Income = Revenue - Variable Costs - Fixed Costs
The analysis is based on classifying costs as variable costs (costs that vary in direct proportion to sales volume) or fixed costs (costs that do not change over time regardless of sales volume). Performance is therefore defined as:
Operating Income = Revenue - Variable Costs - Fixed Costs
CVP analysis is used to determine the sales volume required to reach a certain profit level. Therefore, the analysis shows the break-even point at which sales volume equals zero net operating profit, and the sales cutoff amount that produces the first $1 of profit.
Cost-volume-benefit analysis is an essential tool used to guide management, financial, and investment decisions.
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assuming everything else stays equal, the weighted average cost of capital would decline as the respective company's tax rate increases. true or false? group of answer choices true false
assuming everything else stays equal, the weighted average cost of capital would decline as the respective company's tax rate increases. true
A company is a collection of people working toward a shared objective, who could be either real, legal, or a combination of the two. The letter "co" is frequently used to shorten the word "corporation." The employees of the organization collaborate towards a single aim as they work toward clearly defined objectives. Companies can take many different forms, such as:Nonprofit organizations and for-profit businesses are two examples of volunteer organizations with a profit-making goal.banks, financial institutions, and/or educational initiativesA business can incorporate to become legally recognized as a separate organization with limited liability, provided that all of its members adhere by the requirements of the publicly announced incorporation or published policy. After a business closed, it might be required to liquidate it in order to pay creditors.
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Which reason to invest resonates the most with you? why?
There are several reasons why investing their income is crucial. For potential ambitions, to aid in times of emergency or job loss, or both, you want to accumulate money.
How can beginner investors invest?Utilize your associated chequing accounts to open a Demat account. Access that trading account. Just choose shares you want to sell or buy. Make sure you have the necessary cash in your wallet to purchase the share.
Investing – can it make you rich?As long as you are aware that it will usually take some time, buying and selling stocks is one of the based on thorough to get successful, if not the best.
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when changes occur in an organization, potential problems related to resistance, control, and power can be overcome by broad employee participation in planning the change. a. true b. false
True By involving a large number of employees in the process of planning the change, organizations can avoid potential issues with power, control, and resistance to change.
What is the primary reason an organization resists change?
Individual resistance is greatly influenced by factors such as habit, economics, and job security. The tendency of an organization as a whole to resist change and desire to maintain the status quo is known as organizational resistance.
What are the four kinds of resistance to change in an organization?
When employees have negative feelings about change, this is called passive resistance. If the opposition becomes violent, aggressive resistance will be used. if no one is honest about their resistance, covert resistance. Overt resistance: when employees explicitly oppose change
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Evita buys seed packets for the neighborhood vegetable garden. One packet of tomato seeds costs $3. One packet of radish seeds costs $4. Let t represent the number of packets of tomato seeds and r represent the number of packets of radish seeds. Evita spent $31 on 9 seed packets. How many packets of radish seeds did she buy? Use the table to guess and check. Number of Seed Packets t r t r = 9 Check 3 t 4 r = 31 packets
The problem can be solved in the following manner- where the 8 tomatos and 1 radish will cost $3.
These kinds of issues can typically be solved mentally by assuming that the least significant contributor is responsible for the entire sum. In this case, that would be $3 tomato packets. Purchasing 9 packets will cost you $27, which is $4 less than the actual amount. Think about how much more expensive the radish packets are now. They cost $4 minus $3, or $1 more per packet. That is, adding four (4) radish packets will cover the $4 difference in the total cost.
You discovered that Evita purchased four packets of radish seeds without the use of "guess and check."
_____
You could possibly "guess and check" by using...
9 tomatoes + 0 radishes = $27 (9*$3 + 0)
8 tomatos and 1 radish cost $3.
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Which of the following strategies would most effectively protect an investor with a short stock position
Option a) Buy a call strategies would most effectively protect an investor with a short stock position .
What is a stockholder who has a short position?In the following case, 100 shares are bought (or owned) together with one put. The purchased put offers coverage just below strike price in the event that the stock price drops. Stock that is halved by an investor must eventually need bought or sold in order to be delivered. Since the investor has fixed the price where the stock can be bought, a long call offers the best security for a bearish stock position. Investors who already are short any stock typically purchase calls on it to shield the upside from a loss that can never be fully recovered.
Investors borrow shares they think will decrease in value in order to short sell them. The shares are offered for sale on the open market, where, with luck, they do in fact depreciate in value. After selling the leased shares to the broker, the investor buys them back on the market place at the discounted price.
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The Complete Question :
Which of the following strategies would most effectively protect an investor with a short stock position
a. Buy a call
b. Buy a put
c. long call
d. short call
tri-state mill uses a special sander to finish lumber. data on the sander and its usage follow. cost driver rate cost driver volume resources used energy $ 0.90 per machine-hour 6,000 machine-hours repairs $ 16.00 per job 600 jobs resources supplied energy $ 6,900 repairs 12,000 sales revenue from finishing totaled $30,000. required: a. prepare a traditional income statement. b. prepare an activity-based income statement.
calculating the Tri-State Mill's unused energy and repair capacity. Tri-State Mill has $1,500 and $2,400 in underutilized energy and repair resource capacity, respectively.
A resource capacity model: what is it?Project management relies heavily on the resource capacity planning paradigm. Planning and anticipating pipeline prospects aids in coordinating sales and delivery.
How are resource capacity and demand measured once a pipeline project reaches a particular point of probability?
By examining the discrepancies between resource demand and capacity, it is carried out. Hours, FTEs, or person days can be used to quantify this discrepancy. When the quantity or capacity of resources is insufficient to meet the demand, there is a resource shortage.
For energy
= $6,900 - 6,000 × $0.90
= $6,900 - $5,400
= $1,500
For repairs
= $12,000 - 600 × $16
= $12,000 - $9,600
= $2,400
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you're doing a cma on a five-bedroom, three-bath, 2,700-square-foot property. your comp is a five-bedroom, four-bath, 2,900-square-foot home that recently sold for $540,000. in your area, bedrooms are worth $20,000, baths $10,000, and square footage $200 per square foot. what is the adjusted value of your comp?
when doing a Comparative Market Analysis (CMA) than the adjusted value of your comp is $490,000.
Comparative market analysis (CMA): What is it?A Comparative Market Analysis (CMA) is a comprehensive analysis of the current worth of a residence. Real estate experts prepare it by looking at the sale prices of nearby homes that are similar to the one being evaluated. It describes what a homeowner's house is. Although a CMA and an appraisal are two different procedures, they both assist in providing you with accurate and current information regarding the value of your home. Homebuyers might get a decent deal by knowing what their home is currently worth on the market. CMA Information Websites Visited. There are other websites that provide free comparative market analysis, including realtor.com.
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Examine the balance sheets given in Table 1.3. a. What is the ratio of real assets to total assets for commercial banks? (Round your answer to 4 decimal places.) Ratio of real to total assets b. What is that ratio for nonfinancial firms? (Table 14) (Round your answer to 4 decimal places.)
The ratio of real assets to total assets is 1.71%.
Real assets are tangible possessions that are intrinsically valuable because of their nature and characteristics. Real assets include natural resources, precious metals, commodities, real estate, land, and equipment.Investments in tangible assets like real estate, energy, and infrastructure are included in the asset class known as "real assets." Real assets are inherently physically valuable. In contrast to real assets, which are typically intangible and derive their value from a contractual right, financial assets are tangible.Real assets are tangible possessions that are intrinsically valuable because of their nature and characteristics. Real assets include natural resources, precious metals, commodities, real estate, land, and equipment.To know more assets here
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Workers in the united states enjoy a high standard of living because?
The link between policy and prosperity contributes to the high standard of life for American workers.
Health, happiness, and spiritual conceptions of affluence can conflict with one another or interact negatively. Longer workweeks, for instance, may boost some economic success indicators, but at the expense of making people less likely to favor shorter workweeks. [2] Buddhism places a strong focus on solidarity and spirituality in its conception of wealth. Due to the link of capitalism with greed, this viewpoint may be at odds with ideas of prosperity. [3] According to social survey data, a gain prosperity in money does not always translate into a longer period of happiness; hedonic adaptation is one theory put up as to why this is the case.
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6. When markets fail, public policy can potentially remedy the problem and increase economic efficiency T/F
True, Public policy may be able to improve the situation and boost economic efficiency when markets fail.
What is market failure in public policy?A market failure occurs when consumer demand is insufficient compared to the amount of an item or service supplied, making the market inefficient. In some instances, governmental involvement may be necessary to increase social wellbeing. Public commodities don't have enforceable property rights (are nonexcludable), and they aren't homogeneous, divisible things, hence they represent a market failure (nonrival). Such commodities are not in demand on the private market, which results in market failure. When products and services are distributed inefficiently on the open market, this is referred to as market failure. In a typical free market, supply and demand forces govern prices of products and services, and any shift in any of these forces causes a price change.
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Who is exempt from paying sales tax in Michigan?
This Exemption of Sales tax would apply if you are a (religious, charitable, scientific or education organization) customer working in the food industry. Purchasing and using fuel and/or electricity by the manufacturer for industrial processes.
What is Sales Tax in Michigan?The government levies a consumption tax known as a sales tax on the purchase of goods and services. At the point of sale, a standard sales tax is imposed, collected by the shop, and paid to the government.
The state sales tax in Michigan (MI) is presently 6%. When certain products and services are sold, a government entity (local or state) will collect sales tax as payment.
Who is Exempt from paying sales tax in Michigan?Your energy bills can qualify for a tax exemption from sales. If you are a: then you would be immune from this.
501(c)(3) company (religious, charitable, scientific or education organization)customer working in the agricultural industryPurchasing and using fuel and/or electricity by the manufacturer for industrial processesThe State of Michigan mandates that you fill out a Certificate of Exemption in order to apply for exempt status. The day the form is signed constitutes the effective date of the sales tax exemption.
Who is Exempt from Tax?
Normally, you can avoid paying withholding tax if two conditions hold true: Because you had no tax liability in the previous year, you received a refund of all federal income tax withheld. This year, you anticipate the same thing to occur. Revenue Service Internal.
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in her role as marketing manager, sonja is responsible for addressing the design of her new product, as well as how much it should cost, what promotional activities should occur, and how the product will be distributed. sonja is creating a
As a marketing manager, Sonja is creating a marketing plan addressing the design of her new product, the cost needed, promotional activities needed, and how the product will be distributed.
What is marketing?The process of developing, communicating, delivering, and trading offerings that are valuable to customers, clients, partners, and society at large collectively is known as marketing. The goal of marketing is to generate interest in the goods or services that your business offers.
Marketing is to persuade consumers to purchase their goods and pledge allegiance to a certain business.
Here are numerous current forms of marketing, some of which have endured the test of time:
Internet marketing: The concept of having a presence on the internet for commercial purposes is in and of itself a form of marketing, and it was inspired by an Excedrin advertising promotion that took place online.
The practice of improving material on a website so that it shows up in search engine results is known as search engine optimization, or SEO for short.
Blog marketing: Individual bloggers are no longer the only ones that maintain blogs. In order to write about their sector and pique the attention of potential consumers who search the internet for information, brands increasingly post blogs.
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truue/falsee. \A survey asks a random sample of 1500 adults in Ohio if they support an increase in the state sales tax from 5% to 6%, with the additional revenue going to education. Let X denote the number in the sample that say they support the increase. Suppose that 40% of all adults in Ohio support the increase.
There are just two options: a) 600, or b) 18.97. Either way, they agree with the hike. Independent of other adults, people have an equal chance of supporting the rise.
What does "revenue" mean?According to the definition, revenue is the whole sum of money obtained through conducting commercial activities like sales. Sales is another name for it on the income statement.
What does profit vs. revenue mean?Both revenue and profit are positive indicators for your company, but the phrases shouldn't be used interchangeably. Both provide an essential means of comprehending your company. Profit is the net money left over after subtracting costs from profits, whereas revenue is the income created by company activities.
Sample of 1500 adults
So n=1500
Suppose that 40% of all adults in Ohio support the increase.
This means that p=0.4
a. The mean of X is:
E(X)= np= 1500*0.4
=600
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