The variance between the highest possible price a consumers are willing to pay and the sale amount they pay for the great, or the market price, is referred to as consumer surplus.
What is the distinction between both the price a customer pays for just an item as well as the cost he would be prepared to pay instead of doing without that?In economics, consumer surplus is defined as the distinction here between price a customer pays for an object and also the price he would've been willing to pay instead of doing without it.
In layman's terms, what is surplus?A surplus is the amount about an asset as well as source of energy that exceeds the amount actively used. A deficit can refer to a variety of things.
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The term "constant returns to scale" describes a situation where
When a rise in input leads to a corresponding rise in output, this is known as a continuous return to scale.When the output grows more proportionately than the increase in input, this is known as increasing returns to scale.
What does the expression constant returns to the scale mean?In economics, a constant returns to scale occurs when an organization's inputs, including such capital and labor, grow at the same pace as its output, or the value of its goods.Long-term measurements were made using returns to scale.
What kind of thing is a continual return to scale example?The output from labor and resources must increase by 15% if a firm expands its workforce and capital by 15% in order to have constant returns to scale.
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assume that your parents wanted to have $160,000 saved for college by your 18th birthday and they started saving on your first birthday. they saved the same amount each year on your birthday and earned 8% per year on their investments. a. how much would they have to save each year to reach their goal? m04 berk5561 04 se c04.indd 121 09/12/2016 14:41 122 part 2 interest rates and valuing cash flows b. if they think you will take five years instead of four to graduate and decide to have $200,000 saved just in case, how much more would they have to save each year to reach their new goal?
$4372.34 would they have to save each year to reach their goal. $5340.42 would they have to save each year to reach their new goal.
What is meant by saving?The amount of money earned that is not used for immediate expenses is saved. In other words, it refers to money that is stored away for later use rather than being immediately spent.
You put off all unnecessary expenditures and impulsive purchases for 30 days using the 30 day savings rule. You're going to wait 30 days before investing your money in something you might not require. If you still wish to make that purchase after this 30-day time has passed, feel free to do so.
Thus, $4372.34 and $5340.42 are the savings.
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employees perform work for a company during the current accounting period. their compensation for this work is $7,000, however, only $2,500 is paid during the accounting period. what is the impact to the current period net income and cash flow as a result of these events?
The impact to the current period net income would be an increase of $4,500, since the $7,000 of compensation is recognized in the income statement as an expense, but only $2,500 is actually paid in cash.
The impact to the current period cash flow would be a decrease of $2,500, since the company would have an outflow of cash due to the payment of the compensation.
The employees' compensation of $7,000 is recognized as an expense in the current period, resulting in a decrease to the net income. However, only $2,500 of the compensation is actually paid in cash during the period, resulting in a decrease to the cash flow. As a result, the current period net income is increased by $4,500 and the cash flow is decreased by $2,500.
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a commercial bank buys a $20,000 government security from a securities dealer. the bank pays the dealer by increasing the dealer's checkable deposit balance by $20,000. the money supply has
A commercial bank buys a $20,000 government security from a securities dealer. The bank pays the dealer by increasing the dealers checkable deposit balance by $20,000. The money supply has increased by $20,000. The correct answer is A.
The money supply has increased by $20,000 because when the commercial bank buys the government security, it increases the securities dealer's checkable deposit balance.
This increase in the checkable deposit balance results in an increase in the money supply as checkable deposits are considered part of the M1 measure of the money supply, which is the most liquid measure and includes currency in circulation, checkable deposits, and travelers' checks.
This transaction increases the checkable deposit balance and therefore the M1 money supply. The reserve ratio, which is the percentage of deposits that banks are required to hold in reserve, does not affect the change in the money supply in this scenario.
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Your question seems incomplete, but I suppose the question was:
"A commercial bank buys a $20,000 government security from a securities dealer. The bank pays the dealer by increasing the dealers checkable deposit balance by $20,000. The money supply has
A. increased by $20,000
B. decreased by $20,000
C. not been affected
D. increased by $20,000 multiplied by the reserve ratio."
true or false: in one way or another, the basic problem with financial statement analysis is that there is no underlying theory to help us identify which quantities to look at and to use in establishing benchmarks.
True. In a way or other, the basic problem of the financial statement analysis is that there is no such underlying theory to help us identify about which quantities to look at and to use in establishing benchmarks.
Financial statement analysis (or simply financial analysis) is the process of reviewing and analyzing a company's financial statements in order to make better economic decisions to generate future earnings.
These statements include the Income Statement, Balance Sheet, Cash Flow Statement, Notes and Statement of Changes in Equity (where applicable).
Balance sheet analysis is a method or process that includes specific techniques for evaluating an organization's risk, performance, financial health and future prospects.
It is used by various stakeholders such as: B. Credit and equity investors, governments, the public, and decision makers within organizations.
These stakeholders have different interests and employ different techniques to meet their needs.
Equity investors, for example, are interested in the long-term profitability of a company and perhaps the sustainability and growth of dividend payments.
Creditors want to ensure that interest and principal are paid when an organization's indebtedness (such as a bond) is due.
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points are also known as: multiple choice loan discount fees. third party charges. reduction in payment amount. reduction of mortgage yield.
When referring to mortgages Points are also known as loan discount fees.
A one-time cost paid by the borrower at the conclusion of a mortgage loan in return for a lower interest rate is known as a loan discount fee, sometimes known as a point. By lowering the upfront expenses of the loan, points can also be utilized to lower the mortgage payment for the borrower.
It's crucial to understand that "points" are not the same as "third party charges" or "reduction in payment amount," which relate to additional fees or costs incurred while applying for a mortgage loan. The term "reduction in mortgage yield," which is used in finance to describe the decline in a mortgage lender's return on investment, is not frequently associated with the word "points."
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The following question may be like this:
When referring to mortgages, points are also known as: multiple choice loan discount fees. third party charges. reduction in payment amount. reduction of mortgage yield.
to obtain short term funds in anticipation of a subsequent long term debt financing, a municipality will issue a: a ban b tan c ran d tran
Option a is Correct. A municipality will enact a ban in order to raise short-term finances in anticipation of a subsequent long-term debt financing.
Bond anticipation notes (BANs) are short-term debt securities that local or state governments issue to raise money for new initiatives. The issuance of long-term financing, which will be used to retire or settle the BANs, is the reason for the issuance of these notes.
A public referendum must receive the majority of the vote in order for a municipality to increase its debt ceiling. When voters support such a proposal, they are in fact endorsing a tax rise. Unsecured, short-term debt issued by corporations is known as commercial paper. Short-term liabilities like payroll, accounts payable, and inventories are frequently financed in this way. Typically, commercial paper is issued.
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the internet and digital technologies suppress the bargaining power of buyers by providing them with more information to make buying decisions. group of answer choices true false
The internet and digital technologies suppress the bargaining power of buyers by providing them with more information to make buying decisions. This statement was false. Thus, option (b) is correct.
What is internet?The word “internet” is also referred to as “net.” The global system of networks known as the Internet. Online services offered via the Internet include social media, email, and others. The without internet are the not possible to share the information at the time.
According to the statement, was the digital technologies and the internet was not to the suppression. It was more information to make paying decisions is not the power of the buyers.
As a result, the significance of the internet are the aforementioned. Therefore, option (b) is correct.
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unions contribute to structural unemployment when collective bargaining results in wages: group of answer choices below the equilibrium level. above the equilibrium level. below the minimum wage. above the level of unemployment compensation.
Unemployment results when a union raises wages over the point of equilibrium because it increases the amount of labour supplied and decreases the amount of work demanded. One of two ways is possible for outsiders to react to their status.
How did labor unions employ collective bargaining?Through collective bargaining, employees negotiate contracts with their employers to establish their terms of employment, including compensation, benefits, working conditions, hours, leave, workplace health and safety regulations, methods of juggling work and family obligations, and more.
By negotiating with employers, trade unions uphold and enhance the terms and conditions of employees. The so-called union wage premium, which benefits workers who are unionized, results in greater pay. For covered workers, union bargaining also results in a premium for fringe benefits. Unions help to lessen salary disparity.
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Cost of raw materials is debited to Raw Materials Inventory when the: A. materials are put into production. B. bill for the materials is paid. C. materials are ordered. D. materials are received.
The cost of raw materials is debited to Raw Materials Inventory when the materials are received.
What is raw material inventory?The term "raw material inventory" describes the supplies and parts utilized to create completed items. Usually bought from suppliers, these raw materials are kept in a warehouse until they are required for manufacturing.
The cost of the raw materials plus any relevant taxes or tariffs determine the value of a company's raw material inventory, which is categorized as a current asset on the balance sheet. Usually, the cost of raw materials is deducted from the Raw Material Inventory account at the time the items are received. This account is used to keep track of the cost of the raw materials used in production and to determine the cost of goods sold.
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Describe public corporation and it's characteristics
A public corporation is a type of business organization that is owned by shareholders and publicly traded on stock exchanges. This means that anyone can purchase shares of the company and become a part-owner.
What are the Characteristics of a Public Corporation?Some of the key characteristics of a public corporation include:
Limited liability: Shareholders are typically only responsible for the amount of money they invested in the company and are not personally liable for its debts or obligations.Ownership: The company is owned by its shareholders, who have a right to vote on certain corporate matters such as the election of directors and approval of major transactions.Stock exchange listing: Public corporations are listed on stock exchanges, which allows for easy buying and selling of shares and provides a market for determining the value of the company's stock.Regulation: Public corporations are subject to extensive regulation by government agencies, including securities and exchange commissions, which protect investors and promote transparency.Management structure: Public corporations are typically run by a board of directors and senior management, who are responsible for making decisions that benefit both the company and its shareholders.Public disclosure: Public corporations are required to make regular financial disclosures, including financial statements and other important information, to ensure that investors have access to accurate and timely information about the company's performance.Learn more about public corporation here: https://brainly.com/question/28282776
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on april 6, 2020, ben purchased a house to use as residential rental property. he made extensive repairs to the house and had it ready for rent on july 5, 2020. he began to advertise the house for rent in july and actually rented it beginning september 1, 2020. when is the house considered to be placed in service for the purposes of rental expenses?
For the purposes of rental expenses, the house is considered to be placed in service on September 1, 2020, when it was actually rented.
The date of "placed in service" is the date when the property is first placed into a condition or state of readiness and availability for a specifically assigned use. In this case, the house was ready for rent on July 5, 2020, but it was not considered to be placed in service until it was actually rented on September 1, 2020.It is important to note that the expenses incurred before the property is placed in service, such as the repairs made to the house, cannot be deducted as rental expenses in the year they were incurred. These expenses must be capitalized and depreciated over time, typically using the Modified Accelerated Cost Recovery System (MACRS). However, expenses incurred after the property is placed in service, such as advertising and maintenance expenses, can be deductible as rental expenses in the year they were incurred.
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economists assume that people try to maximize their level of satisfaction, sense of well-being, happiness, and overall welfare. this is known as
Economists assume that people try to maximize their level of satisfaction, sense of well-being, happiness, and overall welfare, this is known as maximize utility.
What is maximize utility?Utility maximization was first developed by utilitarian philosophers Jeremy Bentham and John Stuart Mill microeconomics, the utility maximization problem is the problem consumers face: How they should spend their money in order to maximize their utility?" It is a type of optimal decision problem.
It consists of choosing how much of each available good or service to consume, taking into account a constraint on total spending income, the prices of the goods and their preferences.
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treasury bonds paying an 13.4% coupon rate with semiannual payments currently sell at par value. what coupon rate would they have to pay in order to sell at par if they paid their coupons annually? (hint: what is the effective annual yield on the bond?) (round your answer to 2 decimal places.)
The bond would have to pay a coupon rate of 10.72% in order to sell at par value if it paid its coupons annually.
What is coupon rate?The coupon rate, also known as the nominal yield, is the annual interest rate that a bond pays to its holder. It is expressed as a percentage of the bond's face value (also known as its par value) and is a fixed rate for the life of the bond. The coupon rate is used to calculate the interest payment that a bondholder will receive every year.
For example, if a bond has a face value of $1,000 and a coupon rate of 5%, the bondholder would receive $50 in annual interest payments (5% of $1,000).
Calculation of Coupon rate mentioned above
Find the equivalent annual coupon rate that would produce the same total return as the bond's current semiannual coupon rate.
The semiannual coupon rate is 13.4% ÷2 = 6.7%.
The bond's effective annual yield can be calculated as:
So for this bond, the effective annual yield would be:
(1 + 6.7% / 2)^2 - 1 = (1 + 3.35%)^2 - 1 = 10.72%
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the supply curve is upward-sloping because higher prices ________.
The increasing slope of the supply curve results from suppliers' ability to justify production at increasing marginal costs as prices rise.
Why does the supply curve slope upward when prices are higher?The supply curve dips higher because a corporation would typically be more inclined to produce a good as its price increases. The cost of production also tends to climb as output increases because businesses were efficient and would use up the cheapest producing inputs first.
Why does supply grow as prices rise?The inclination is to expand supply when prices rise since there is more profits to be made. Conversely, as prices drop, producers often cut back on their output because there are fewer opportunities to make money.
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which entity controls the money from ticket sales between the time the tickets are sold and settlement the night of the event?
The answer is Sales manager, the entity which controls the money from ticket sales between the time the tickets are sold and settlement the night of the event sales manager.
What is a sale?A sale is a deal that involves giving something away in exchange for cash and/or other goods or services. In other terms, a sale is any action that involves giving the buyer ownership of a thing or commodity in return for payment of a certain amount.
What does the word "sales" mean in business?Any transaction where money or value is transferred for the right to own a good or access to a service is referred to as a sale in regular commercial operations. The term "sales" in accounting refers to the money a business makes through selling goods or services (net sales).
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labor information regular rate $16.00/hr overtime rate $23.50/hr targeted labor cost $12,000/wk labor hours needed 750/wk any hour worked over 40 hrs/wk must be paid overtime rate for a 13-person team, on average, how many overtime hours will each person need to work?required question. 18 58 230 924 5405
If labor hours needed are 750/wk for any hour worked over 40 hrs/wk then each member of a 13-person team will need to spend 230 overtime hours on average.
What are labor hours?
The entire number of hours worked by hourly employees who are directly employed on the public works project is referred to as labor hours. Work conducted on the public works project by employees of the contractor and subcontractors is referred to as "labor hours." Foremen, superintendents, proprietors, and employees who are not subject to prevailing wage regulations are not considered to be working "labor hours."
Given :
Regular Rate = $16.00/hr
Overtime Rate = $23.50/hr
Targeted Labour Cost = $12000/wk
Labor Hours Needed = 750/wk
Any hour worked over 40 hrs/wk paid overtime rate.
Person team = 13
13 * 40 = 520 hours are regarded as standard time.
750-520 = 120 overtime hours will each person needs to work.
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the nominal rate of interest is 3% and the real rate of interest is 4%, what is the rate of inflation?
The rate of inflation is -1%
The nominal rate of interest = 3%
The real rate of interest = 4%
The cost of living in a nation or the general increase in prices are two examples of broad measures used to describe inflation. The progressive loss of purchasing power brought on by price increases is known as inflation. The percentage change in the price level from one year to the next is known as the inflation rate.
Calculating the rate of inflation -
Inflation rate = nominal interest rate - real interest rate
Substituting the values -
= 3% - 4%
= -1%
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the additional (hidden tax) cost that health care providers shift to paying individuals and employers to compensate for treatment provided for those who cannot or will not pay is known as:
Cost shifting is the term used to describe the additional (hidden tax) expense that health care providers shift to paying individuals and employers to cover the cost of treating those who cannot or will not pay.
Why Does Cost Shifting Occur?When a hospital or other healthcare provider charges an insured patient more than it does an uninsured patient for the same surgery or service, this is known as cost shifting. In reality, people with health insurance cover the financial loss hospitals suffer from treating uninsured patients.
In the area of insurance, Medicaid and Medicare reimbursements, "cost shifting" is a word that is frequently used. In the fields of lobbying, legislation, and health care, it is a contentious term that is often contested.
In order to cover their losses from treating people without insurance and those receiving government medical aid, healthcare providers must turn a profit in order to stay in business. As a result, they raise the prices they charge to patients who have insurance in order to offset this loss. Medicare and Medicaid pay considerably less.
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a(n) is a collection of related activities that produce a product or a service of value to an organization.group of answer choicesmanagement techniquesupply chainbusiness processworkflow pattern
A business process is a collection of related activities that produce a product or a service of value to an organization.
How do business processes work?
A business process is a group of interconnected tasks with a final destination of providing a service or product to a customer.
A group of actions and jobs that, when finished, will achieve an organizational objective is another definition of a business process.
Why do business processes exist?
A business process's main objective is to assist your firm in achieving a specified goal. Processes enable you to move forward with repeatable, dependable stages if you want to attain goals for your firm.
A successful procedure satisfies three key requirements: The ability to repeat a process is a requirement for all procedures.
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when organizational buyers consider changes from one selling firm to another, what are the two main categories of switching costs they consider? a. transactional and collaborative relationships b. operational linkages and relationship connectors. c. investments and risk of exposure d. trust and relationship commitment
They take into account investments, risk of exposure, and transactional and collaborative connections as the two main types of switching costs.
Costs associated with switching brands, suppliers, or products are known as switching costs.
In addition to the more prevalent monetary switching costs, there are switching costs that are psychological, effort-based, and time-based.
The expenses a consumer incurs as a result of switching brands or products are known as switching costs.
High switching costs and low switching costs are two different categories of switching expenses.
To keep customers from migrating to an other brand, businesses try to use high switching fees.
High switching costs are a strategy used by businesses with hard-to-perfect products and little competition to increase revenues.
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suppose you bought a stock for $19.84 one year ago. today the stock is currently priced at $18.45. the stock recently paid a $3.50 dividend, what is the percentage return for this stock?
The percentage return for this stock would be -7.6%. We calculate this by subtracting the current stock price from the purchase price (19.84 - 18.45 = 1.39), then subtracting the dividend from that figure (1.39 - 3.50 = -2.11).
What is stock?Stock is a type of financial asset that represents ownership in a company. It is a claim on the company’s assets and earnings. When a company issues stock, it is essentially giving investors a portion of ownership in the company. Stock investors are also known as shareholders as they hold a share of the company. Stock can be bought and sold on stock exchanges, such as the New York Stock Exchange (NYSE) or the London Stock Exchange (LSE). The price of the stock is determined by the demand for the stock and the supply of the stock. When investors purchase stock, they can receive dividends, which are a portion of the company’s profits.
Finally, we divide that number by the original purchase price ( -2.11 / 19.84 = -0.1063 or -7.6%).
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hipaa has electronic transaction standards which must be followed to be compliant. which one of the following is a series of fixed length records used to bill services such as those performed in a hospital or inpatient setting?
Businesses dealing with protected health information (PHI) must implement and adhere to physical, network, and process security measures in order to comply with the U.S. Health Insurance Portability and Accountability Act (HIPAA).
Which of the following is a protected health information (PHI) as defined by HIPAA?The data that a healthcare professional gathers to identify a patient and decide on the best course of treatment for them is known as protected health information (PHI). This data includes demographic data.
Which of the following is required to abide by HIPAA?"Covered entities" are the organizations that are subject to HIPAA requirements. Among the entities protected are: Health Plans, including HMOs and health insurance providers.
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which functional area at gbi is involved is the step: request for quote from dc bikes to gbi sales department multiple choice sales purchasing warehouse accounting
The functional area involved in the step "request for quote from DC Bikes to GBI sales department" would be the Sales department.
The Sales department is responsible for managing customer relationships and generating sales for the company. They would be the ones to receive the request for quote from DC Bikes and would be responsible for providing a quote to them based on the products or services they are interested in. The Sales department would work with other functional areas within GBI, such as Purchasing, Warehouse, and Accounting, to gather the necessary information and ensure that the quote provided to DC Bikes is accurate and complete.
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1. why did majority of people in britain apparently feel that it was in the best interest of the nation exit the eu? 2. there is evidence that the uncertainty surrounding the precise nature of the post-brexit trade deal between britain and the eu has lowered economic growth rates in britain. why do you think uncertainty over trade has this effect on growth?
1. Many British people felt that leaving the nation exit the EU would give the UK more control over its own laws and regulations, as well as allowing it to have more control over its own borders.
What is nation exit?
Nation exit is the process of withdrawing from the political, economic and/or social union of a country. It is a type of secession which involves the withdrawal of a state from a larger entity such as a federation or a confederation. Nation exit is usually driven by the desire of a certain region or group of people to gain independence or autonomy and is usually met with resistance from the larger entity.
2. Uncertainty over trade can lower economic growth rates because businesses are unable to plan for the future with any certainty. They are unable to make long term investments or commitments, and are unable to accurately predict how much demand there will be for their products or services.
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companies use which of the following tools to engage in the international arena, either to acquire resources or to enter new markets? group of answer choices exporting partnerships none of these choices outsourcing all of these choices
Companies use tools to engage in the international arena, either to acquire resources or to enter new markets: all of these choices.
What are the tools companies to engage in the international arena?There are several tools that businesses can use to engage in the international arena:
Trade agreements: Companies can take advantage of trade agreements such as free trade agreements and bilateral investment treaties to facilitate their entry into new markets.
Foreign direct investment (FDI): FDI is a tool that allows companies to establish operations or acquire companies in foreign markets.
Export promotion: Companies can participate in government-sponsored export promotion programs to gain access to new markets.
Partnerships: Companies can form partnerships with local firms to gain access to their expertise and local market knowledge.
Marketing and advertising: Companies can engage in international marketing and advertising campaigns to raise awareness of their brand and products.
Therefore the correct option is all of these choices.
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Which account is credited when manufacturing overhead is applied?Work in processAccounts payableCost of goods soldManufacturing overhead
The (D) overhead account is debited for the actual overhead costs as they are incurred. The overhead account is given credit for the overhead costs incurred during production by the work-in-process account.
What is the overhead account?The term "overhead" describes continuing business costs that aren't directly related to providing a good or service.
It is crucial for budgeting as well as for figuring out how much a business must charge for its goods or services in order to turn a profit.
The actual overhead expenses as incurred are debited from the overhead account.
The work-in-process account credits the overhead account for the overhead expenses incurred during production.
The Factory Overhead account is debited as the overhead expenses are really incurred, and accounts that logically balance it is credited.
Manufacturing overhead is being overapplied if the account has a credit balance at the conclusion of the quarter.
Overapplication of overhead occurs when the applied overhead exceeds the actual overhead.
Therefore, the (D) overhead account is debited for the actual overhead costs as they are incurred. The overhead account is given credit for the overhead costs incurred during production by the work-in-process account.
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Correct question:
Which account is credited when manufacturing overhead is applied?
A. Work in process Accounts
B. payable Cost of goods sold
C. Manufacturing account
D. overhead account
an investor decides to invest $3,000 a year for the next 25 years, starting today, into an account that earns a 5% annual return. how much will the investor in 25 years?
An investor decides to invest $3,000 a year for the next 25 years, starting today, into an account that earns a 5% annual return.
rate 5.0%
nper 25
pmt $3,000
pv $0
type 0
fv (143,181.30)
What is an annual return?
Return is the financial term for an investment's profit. It includes any variation in the investment's value as well as any cash flows the investor receives as a result of the investment, such as interest payments, coupons, cash dividends, stock dividends, or the payoff from a derivative or structured product. A company's share capital, debt, directors, shareholders, changes in dictatorships, corporate governance disclosures, and other information are all included in an annual return. For instance, if an initial $1,000 investment increases by $100 in the instrument's market value and pays a $50 dividend, the investment has produced a 15% yearly return.
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how a weakening domestic currency effects 1) your international trade, and 2) your incoming and outgoing investments (portfolio and fdi).
A weak domestic currency can have the following effects on international trade and investment:
1. International trade:
Exporter advantage: When one country's currency weakens, its exports become cheaper for buyers in other countries, making them more competitive. This can lead to increased export demand and higher sales for exporters.Importers suffer: On the other hand, a weaker currency increases the cost of imports, making them more expensive for the domestic market. This can lead to a decrease in demand for imported goods and a decrease in profitability for importers.2. Investment in and out (portfolio and FDI):
Investment in: A weaker domestic currency can make foreign investment in that country more attractive, because it is worth more in local currency. This could result in an increase in foreign direct investment (FDI) and portfolio investment.Outward investment: Conversely, a weaker domestic currency can make investment abroad less attractive, because it is worth less in local currency. This can lead to a reduction in outbound and FDI portfolios.Overall, a weakening of the domestic currency can have both positive and negative effects on international trade and investment, depending on the specific circumstances and the types of investment and trading involved.
Investment is the purchase of goods that are not consumed today but are used in the future to create wealth. These can be stocks, bonds, real estate or any other asset that has the potential to appreciate in value and generate income. The goal of investing is to generate a return that is higher than the cost of the investment, such as the interest rate on a savings account or the yield on a bond. Investment may also involve a certain level of risk, since the future performance of an investment cannot be guaranteed.
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A florida state trial court found a party guilty of fraud. should a future case arise with the same basic fact pattern, other florida state courts will be bound by that precedent and are obligated follow the reasoning and decision of the prior court’s decision.a. Trueb. False
A Florida state trial court found a party guilty of fraud. A future case arises with the same basic fact pattern, another decision of the prior court decision is false
The highest court is typically the highest court, also referred to as the Supreme Court. An intermediate Appellate Court is also found in several states. State trial courts are located below these appellate courts. A formal court proceeding.
Any felony or civil case that hasn't been entirely inside this jurisdiction of another court may be heard by a trial court with universal jurisdiction. Examples include state-level trial courts like the New York Supreme Judges and the Northern District of California Courts, as well as district courts at the federal and state levels in the United States.
A court of appeals with restricted jurisdiction includes a municipal court. District courts are federal trial courts. In a trial court, cases are presented for the first time. A court with original jurisdiction where trials are conducted is known as a trial court or justice of the first instance.
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