Margret's justification exemplifies C: Cognitive dissonance
Margret's justification that the email was not clear enough to her and her boss's feeling that she could have asked for clarification represents a cognitive dissonance. Cognitive dissonance refers to the psychological discomfort or stress that results from holding conflicting thoughts, beliefs, or values. In this case, Margret's belief that the email was not clear and her boss's belief that she should have asked for clarification create a psychological tension or dissonance within Margret. This can result in negative feelings and may affect her motivation and performance.
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norio manufacturing uses powdered plastics (pps) to manufacture a high-pressure board used in a digital equipment product, flex 10. information concerning its operation in june is as follows: budgeted units of flex 10 for june 6,300 budgeted usage of pps 56,700 pounds actual number of units of flex 10 manufactured 5,300 pps purchased 70,520 pounds pps used 52,000 pounds total actual cost of pps used $ 309,920 direct materials usage variance $ 35,260 unfavorable the cost of pps in the flexible budget for the number of units manufactured this period (rounded to nearest dollar) is:
To calculate the cost of PPS in the flexible budget, we need to determine the budgeted cost per pound of PPS and then multiply that by the actual pounds used.
The direct materials usage variance can be calculated as follows:
Direct materials usage variance = Actual cost of PPS used - Budgeted cost of PPS used
Direct materials usage variance = $309,920 - $278,000 = $35,260 unfavorable
This means that the actual cost of PPS used was $35,260 higher than what was budgeted for the actual number of units manufactured. This unfavorable variance can be attributed to two factors: (1) a difference in the actual cost per pound of PPS purchased, and (2) a difference in the actual usage of PPS compared to what was budgeted.
To calculate the flexible budget cost of PPS, we first need to determine the budgeted cost per pound of PPS. This can be calculated as follows:
Budgeted cost per pound of PPS = Budgeted cost of PPS / Budgeted usage of PPS
Budgeted cost per pound of PPS = $309,920 / 56,700 pounds = $5.50
Next, we multiply the budgeted cost per pound of PPS by the actual pounds of PPS used:
Flexible budget cost of PPS = Budgeted cost per pound of PPS * Actual pounds used
Flexible budget cost of PPS = $5.50 * 52,000 pounds = $278,000
So, the flexible budget cost of PPS for the actual number of units manufactured in June is $278,000. The direct materials usage variance of $35,260 unfavorable indicates that the actual cost of PPS used was higher than what was budgeted, potentially due to a higher cost per pound of PPS purchased or a higher usage of PPS compared to what was budgeted.
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large corporations collect vast amounts of information about their customers' shopping habits, including how, when, why, where, and what they buy, and then use that information to blank . multiple choice question.
Large corporations collect vast amounts of information about their customers' shopping habits including how, when, why, where, and what they buy, and then use that information to plan future products and services provided
A customer is a person who buys goods or services from a business. A customer is considered the end-user of a company's products or services and is essential for the success of a business.
The information collected includes details about how, when, why, where, and what the customer buys.
This can include demographic information such as age, income, and location, as well as information about the customer's purchasing history, such as what products they have bought, how often they buy, and how much they spend.
This information is then analyzed to identify patterns and trends, which can then be used to make predictions about what the customer is likely to buy in the future. This allows corporations to target their marketing efforts more effectively, which can result in increased sales and customer loyalty.
By understanding the customer and their purchasing habits, corporations can tailor their products and services to meet the specific needs of the customer.
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to provide flexibility in a commercial building before the number of tenants is known, the parallel service-entrance conductors should terminate in a?
The parallel service-entrance conductors should terminate in a load center or switchboard.
What are parallel service-entrance conductors?Parallel service-entrance conductors are electrical cables that run in parallel to each other and provide power to different units within a commercial building. These conductors are designed to be flexible, allowing for the distribution of electricity to multiple tenants without the need to install new electrical systems every time a tenant changes.
The parallel service-entrance conductors terminate in a main electrical service panel, which is responsible for distributing power to different parts of the building. The use of parallel service-entrance conductors helps to improve the efficiency of electrical distribution in commercial buildings and enables tenants to have the power they need for their businesses.
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an amount posted on the right side of a t-account causes which accounts to increase? (check all that apply.)
An amount posted on the right side of a t-account causes which accounts to increase notes payable; common stock and liabilities.
When an amount is posted to the right side of a t-account, it causes the accounts notes payable and liabilities to increase. Common stock may also increase depending on the type of transaction.
Generally, when an amount is posted to the right side of a t-account, it is a credit to the accounts listed, which causes them to increase. The T-account is a visual representation of a general ledger account and is used to track the changes in the account balance, with debit entries appearing on the left side and credit entries appearing on the right side.
Hence, the correct option is "A", "B" and "C".
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--------The given question is incomplete, the complete question is:
"An amount posted on the right side of a T-account causes which accounts to increase? (Check all that apply.)
A. notes payable
B. common stock
C. liabilities
D. borrowed money"---------
a business sets up a sinking fund so they will have a $47,000.00 to pay for a replacement piece of equipment in 10 years when the current equipment will be sold for scrap. if they make deposits at the end of each quarter for 10 years in the investment that pays 6.1% compounded quarterly, what size should each payment be?
The size should each payment be $861.55.
For this we can apply the given below formula :
P = A(r/n)/((1+r/n)nt -1)
Here,
P = payment amount =?
A= Targeted amount = $47,000
r= rate of interest = 7.4% or .074
n= number of frequencies in a year = 6 times
t = time period = 7 years
P = 47000(.074/6) / ((1+.074/6)6 x 7 -1)
P = 47000(.074/6) / ((6.074/6)42 -1)
P = 47000(0.074/6) / (1.0123)42 -1)
P = 47000(0.0123) / (1.6710 -1)
P = (47000 x 12.3) / 671
P = $861.549 or $861.55.
A sinking fund is a fund set up via an economic entity by means of placing aside sales over a period of time to fund a destiny capital cost or repayment of an extended-time period of debt. Borrowing money by using issuing a bond is known as floating a bond.
In North the usa and some places else wherein it's far more common for public and private companies to raise the budget via the difficulty of bonds, the time period is usually used in this context. but, in the united kingdom and elsewhere where the problem of bonds (aside from authorities bonds) is uncommon, and in which long-time period leasehold tenancies are not unusual, the time period is only normally used within the context of alternative or renewal of capital assets, specifically the not unusual parts of homes.
The sinking fund turned into first used in exquisite Britain in the 18th century to lessen national debt. whilst used by Robert Walpole in 1716 and efficaciously within the 1720s and early 1730s, it originated within the business tax syndicates of the Italian peninsula of the 14th century, wherein its characteristic changed into retire redeemable public debt of those cities.
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a city engineer has estimated the annual toll revenues from a newly proposed highway construction over 20 years as follows: to validate the bond, the engineer was asked to present the estimated total present value of toll revenue at an interest rate of 6%. assuming annual compounding, find the present value of the estimated toll revenue.
To find the present value of the estimated toll revenue, we need to discount each future cash flow by the interest rate over 20 years.
What is cash flow?
Cash flow refers to the inflow and outflow of cash in a business or personal finance context. In the context of a business, it is the amount of cash generated or used in the operations of the business.
The formula for present value is:
PV = CF / (1 + r)^t
Where:
CF = the future cash flow,
r = the interest rate (in decimal form),
t = the time period (in years).
Given the annual toll revenue over 20 years, we can calculate the present value of each year's revenue and sum them up to get the total present value of the estimated toll revenue.
Assuming the annual toll revenue over 20 years is [R1, R2, ..., R20], the present value of the estimated toll revenue would be:
PV = R1 / (1 + 0.06)^1 + R2 / (1 + 0.06)^2 + ... + R20 / (1 + 0.06)^20
Note that the interest rate of 6% should be converted to decimal form before using it in the formula (0.06).
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lightning, inc., has sales of $646,000, costs of $331,000, depreciation expense of $76,000, interest expense of $41,000, and a tax rate of 23 percent. what is the net income for this firm? (do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Dividends per share of the given amounts is $2.15.
What does EPS mean?The monetary worth of an organization's earnings per outstanding share of common stock is known as earnings per share. It is a crucial indicator of organisational profitability and is frequently applied to stock pricing.Dividends are subtracted from quarterly or annual income to determine earnings per share (EPS), which is a measure of a company's success. Investors view a company's profit and worth to be higher the higher its EPS.Ratings are given from 1 to 99, with 99 representing the best outcome. A company's profit growth has outpaced 99% of all publicly traded businesses in the IBD database, according to an EPS Rating of 99.Completed question :
lightning, inc., has sales of $646,000, costs of $331,000, depreciation expense of $76,000, interest expense of $41,000, and a tax rate of 23 percent. what is the net income for this firm? (do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
The firm paid out $81,000 in cash dividends and has 37,600 shares of common stock outstanding.
a. What is the earnings per share, or EPS, figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. What is the dividends per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Given data :
1) 646,000 - 331,000 - 76,000 = 239,000
2) 239,000 - 41,000 = 198,000
3) 198000 * .23 = 45540
4) 198000 - 45540 = 152460
Earnings per share = NI / total shares outstanding
a. 152460 / 37,600 = $4.05
Dividends per share = total dividends / total shares outstanding
b. 81,000 / 37,600 = $2.15
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13. the computer market in recent years has seen many more computers sell at much lower prices. what determinant(s) for demand or supply are/is most likely to explain this outcome?
The decrease in computer prices could be attributed to a combination of factors affecting both supply and demand.
The increase in the quantity of computers sold at lower prices could be explained by multiple determinants of demand and supply. One possible determinant of supply is technological advancement and economies of scale. As computer technology advances, manufacturers may be able to produce computers more efficiently and at a lower cost, which can lead to a larger supply of computers at lower prices. In addition, as more firms enter the computer market, competition can increase, leading to lower prices.
On the demand side, changes in consumer preferences can also lead to an increase in the quantity of computers sold at lower prices. For example, if consumers place a higher value on affordability over advanced features, they may be willing to purchase less expensive computers. Additionally, changes in income or consumer wealth can affect the demand for computers, with lower-priced computers becoming more attractive to consumers with lower incomes.
Overall, the decrease in computer prices could be attributed to a combination of factors affecting both supply and demand.
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how can audience segmentation enhance your inbound marketing efforts?
We may customize our messaging and focus your marketing efforts by having a thorough understanding of the various consumers. Thus, understanding the different audiences allows you to tailor our messaging and direct our marketing efforts appropriately.
What is marketing?Marketing refers to the activities that a company engages in to promote the purchase or sale of a product or service. Advertising, selling, and delivering products to consumers or other businesses is all part of marketing. Affiliates do some marketing on a company's behalf.
Audience segmentation enables you to communicate and connect with your customers more effectively, allowing you to deliver the right message about the right product to the right people at the right time.
Therefore, audience segmentation enhance your inbound marketing efforts.
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ow can companies show social responsibility? check all that apply. donating money to charity improving operations management making ethical decisions educating the public about a social issue
Donating money to charity improving and educating the public about a social issue is companies to show social responsibility. Hence, option A and C are correct.
What is social responsibility of company?The concept of corporate social responsibility holds that businesses should examine how their actions may affect the environment and society.
Being environmentally responsible and eco-aware, fostering equality, diversity, and inclusion in the workplace, treating employees with respect, giving back to the community, and making sure business decisions are moral are some ways that a firm can adopt CSR.
Thus, option A and C are correct.
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an exchange or event that has a direct and measurable financial effect is called___
An exchange or event that has a direct and measurable financial effect is called Transaction.
What is a transaction?Between two parties, a transaction is an exchange of value. It could involve the exchange of products, services, or financial instruments. In business and finance, transactions are essential since they serve as the foundation of an economy. Purchases can be straightforward, like purchasing a cup of coffee, or complex, like buying stocks or bonds.
In order to retain financial records and to guarantee the integrity and transparency of financial transactions, transactions can be tracked and documented, resulting in a ledger of all transactions. A key part in ensuring the security and dependability of transactions is played by intermediaries, which are frequently used to assist transactions. Examples of these intermediaries include banks, payment processors, and exchanges.
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The following transactions occurred during March 2018 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. Issued 30,000 shares of non-par common stock in exchange for $300,000 in cash. Purchased equipment at a cost of $40,000. $10,000 cash was paid and a note payable was signed for the balance owed. Purchased inventory on account at a cost of $90,000. The company uses the perpetual inventory system. Credit sales for the month totaled $120,000. The cost of the goods sold was $70,000. Paid $5,000 in rent on the warehouse building for the month of March. Paid $6,000 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2018. Paid $70,000 on account for the merchandise purchased in 3. Collected $55,000 from customers on account. Recorded depreciation expense of $1,000 for the month on the equipment. Prepare journal entries to record each of the transactions listed above.
The Wainwright Corporation's March 2018 transactions are shown in the table below.
How can it be solved?Issuance of Common Stock Not at Par:
Debit: $300,000 in cash Credit: $300,000 in common stock
Purchase of Equipment: Equipment Debit: $40,000 Credit: Cash: $10,000
Credit: $30,000 in Note Payable
Purchase of inventory: Debit: $90,000 Accounts Payable
Credit: $90,000 in inventory
Credit Sales: Debit: $120,000 in Accounts Receivable
Credit: $120,000 in sales
Debit: $70,000 less than the cost of goods sold.
Credit: $70,00 in inventory
Rent Payment: Debit: $5,000 in Rent Expense
Credit: $5,000 in cash
Debit: Prepaid Insurance - $6,000 Insurance Payment
Cash credit of $6,000
Debit: Accounts Payable - $70,000 for the payment of accounts payable.
Cash credit of $70,00
Accounts Receivable Collection: Debit: $55,000 Cash Credit: $55,000 Accounts Receivable
Depreciation Expense: $1,000 has been debited from the account.
Credit: $1,000 in accumulated depreciation
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can mary set up an ira and deduct the contribution form her income that is subject to federal income taxation? does the same applt to jason?
Several elements, such as Mary and Jason's taxable income, filing status, and whether they or their spouses are covered by a retirement plan at work, will determine whether they are able to open an individual retirement account (IRA) and deduct the contribution from their federal income tax.
Savings accounts with a focus on retirement planning include Individual Retirement Accounts (IRAs). Traditional and Roth IRAs are the two main varieties. Contributions to a Traditional IRA are tax deductible, and gains grow tax-deferred until they are withdrawn in retirement. When a withdrawal is made, it is taxed like regular income. With a Roth IRA, contributions can be made with after-tax money, and earnings increase tax-free. As long as certain conditions are satisfied, withdrawals from a Roth IRA are tax-free. Stocks, bonds, and mutual funds are just a few of the assets that can be purchased using IRAs. There are age and income restrictions, as well as annual limits on IRA contributions.
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according to o*net, what are common tasks performed by hotel, motel, and resort desk clerks? check all that apply. carrying guests' luggage to their rooms making and confirming reservations greeting and registering guests cleaning guests' rooms establishing how customers will pay contacting housekeeping staff
Making and confirming reservations , greeting and registering guests , establishing how customers will pay and contacting housekeeping staff are common tasks performed by hotel, motel, and resort desk clerks.
Option B , C, E , F are correct.
What is the job of a hotel desk clerk?A front desk agent is a professional who is in charge of efficiently and politely greeting guests. The Front Desk Agent checks guests in and out of their rooms, distributes room keys, answers questions, and processes payments for hotel services. She or he is often the first person guests see when they arrive.
What does O*NET do?The nation's primary source of occupational data is the O*NET program. The O*NET database, which contains information on hundreds of standardized and occupation-specific descriptors, is central to the project. By conducting surveys with a wide range of workers from each industry, the database is constantly updated.
Question incomplete:according to o*net, what are common tasks performed by hotel, motel, and resort desk clerks? check all that apply.
A. carrying guests' luggage to their rooms
B. making and confirming reservations
C. greeting and registering guests
D. cleaning guests' rooms
E. establishing how customers will pay
F. contacting housekeeping staff
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according to leading entrepeneur, guy kawasaki, the best reason to start a new business is to .
According to leading entrepreneur, Guy Kawasaki, the best reason to start a new business is to create meaning, to make the world a better place
Guy Kawasaki once mentioned that the best reason to establish a business (or anything) is to "create meaning" — to make the world a better place — by doing something like these:
Improve your quality of life.Correct a mistake.Stop anything excellent from dying.Make a note of the assumptions you're making about the business and keep track of them. Check to see whether they're correct or if anything needs to be changed.
Tasks are the real tasks that must be done from day to day in order for the milestones to be met.
Other tips from him are: define roles and responsibilities, assign employees to specific targets, track and reward progress, and praise success.
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a company purchased a new delivery van at a cost of $45,000 on january 1. the delivery van is estimated to have a useful life of 6 years and a salvage value of $3,000. the company uses the straight-line method of depreciation. how much depreciation expense will be recorded for the van during the first year ended december 31? multiple choice $3,250. $7,000. $4,000. $6,500. $7,500.
The depreciation expense that will be recorded for the van during the first year ended december 31 will be $6500.The straight- line system of deprecation is a system for spreading the cost of an asset inversely over its useful life.
For a delivery van bought at a cost of $45000 with a useful life of 6 times and a salvage value of $3000, the periodic deprecation expenditure would be calculated as follows:
($45000-$3000)/ 6 = $6500.
This means that the company would record a deprecation expenditure of $6500 for the van in the first time ended December 31. This system is straightforward and simple, making it a popular choice for deprecation expenditure.
By spreading the cost of the asset inversely over its useful life, the straight- line system provides a predictable and harmonious measure of an asset's declining value.
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sofia works in the advertising department of energy first, a company that manufactures a vitamin supplement that allegedly boosts a person’s energy level. sofia creates an advertisement for the product that states that energy first has been clinically proven to boost energy levels when she knows that no such study has occurred. can the government prevent sofia from making such claims in her advertisements?
Yes, protecting the public's health is a major concern for the government, and the restrictions placed on these statements help to achieve that goal without going too far.
What is an advertising department?A company that specializes in developing, organizing, and managing advertising, as well as occasionally other forms of promotion and marketing for its clients, is known as an advertising agency, also known as a creative agency or an ad agency.
An advertising agency is often independent of the client; it could be an inside division or agency that lends a fresh perspective to the campaign to promote the client's goods or services, or it could be an outside company.
Additionally, an agency can handle all aspects of marketing, branding, and promotions for its clients, including possible sales.
Businesses and corporations, non-profits, and private agencies make up the majority of an advertising agency's clientele.
So, in the given situation yes, the government has a significant interest in safeguarding the public's health, and the limitation on these claims furthers that purpose without going overboard.
Therefore, yes, protecting the public's health is a major concern for the government, and the restrictions placed on these statements help to achieve that goal without going too far.
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what is the total benefit associated with producing eight units of the control variable in the table)? control variable total benefits total costs net benefits marginal benefit marginal cost marginal net benefit q b(q) c(q) n(q) mb(q) mc(q) mnb(q) 0 0 0 0 - - - 1 900 100 800 900 100 800 2 1,700 300 c 800 200 600 3 2,400 600 1,800 700 e 400 4 a 1,000 2,000 600 400 200 5 3,500 1,500 2,000 500 500 f 6 3,900 2,100 1,800 d 600 -200 7 4,200 2,800 1,400 300 700 -400 8 4,400 b 800 200 800 -600 9 4,500 4,500 0 100 900 -
Marginal utility and marginal cost are two measures of how the cost or value of a variable changes. Marginal utility affects customers and marginal cost affects producers.
Businesses must consider both concepts when manufacturing, pricing, and marketing their products.
Marginal utility is the maximum amount a consumer is willing to pay for additional goods or services. Consumer satisfaction tends to decline as consumption increases. Marginal cost is the change in cost when additional units of goods or services are produced.
Marginal utility is the maximum amount a consumer will pay for an additional good or service.
In general, marginal utility decreases as consumption increases.
The marginal cost of production is the change in cost of producing additional units of goods or services.
Marginal utility is frequently used in public services. Governments often have to balance incremental utility with limited resources.
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james used $250,000 from his savings account that paid an annual interest of 15% to purchase a hardware store. after one year, james sold the business for $320,000. what is his accounting profit? a. $320,000 b. $70,000 c. $282,500 d. $32,500
The correct option is B. After one year, james sold the business for $320,000. His accounting profit is $70,000.
Implicit cost is the Opportunity cost. it is the amount that the person forgone in terms of the interest rate of 15% on the savings account. The interest amount is 15% ×250000.
The total revenue is $320,000.
The cost incurred on the business amounts to $250000.
His accounting profit is $320,000- $250,000 = $70,000.
In finance and economics, a hobby is a fee from a borrower or deposit-taking monetary group to a lender or depositor of an amount above compensation of the essential sum (that is, the quantity borrowed), at a particular fee. it is wonderful from a fee that the borrower may pay the lender or some third birthday celebration. it is also wonderful from a dividend that is paid by using a business enterprise to its shareholders (owners) from its earnings or reserve, however not at a selected fee decided ahead, instead on a pro-rata basis as a share in the reward received by using danger-taking marketers when the sales earned exceeds the whole charges.
for instance, a purchaser might commonly pay interest to borrow from a bank, in order that they pay the bank an amount this is extra than the amount they borrowed; or a purchaser may also earn hobby on their savings, and so they may withdraw extra than they at the beginning deposit. In the case of financial savings, the purchaser is the lender, and the bank plays the role of the borrower.
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assume that it takes 2 hours of labor to produce a unit of good x and 6 hours of labor to produce a unit of good y. what is the opportunity cost of producing 2 units of good y?
Country Beta has lower opportunity cost in producing bread and therefore comparative advantage in producing bread.
What is comparative advantage?Comparative advantage refers to nation's ability to manufacture certain good or service for less money than its trading rivals. Comparative advantage is a theory that explains why companies, countries, or individuals might benefit from trade. When referring to international trade, the term "comparative advantage" describes the products that a country can produce more quickly or more affordably than other countries. Despite the fact that this frequently demonstrates the benefits of trade, several contemporary economists now acknowledge that focusing entirely on comparative advantages might result in resource exploitation and depletion in a country. One of the most important concepts in economic theory is comparative advantage, which forms the basis of the argument that free exchange and cooperation may always be advantageous to all parties.
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suppose that serendipity bank has excess reserves of $8,000 and checkable deposits of $150,000.
Instructions: Enter your answer as a whole number.
If the reserve ratio is 20 percent, what is the size of the bank's actual reserves? $__________.
If the reserve ratio is 20 percent, the size of the bank's actual reserves is $15000.
What is reserve ratio?The reserve ratio is the relationship between a bank's reserves and its deposit obligations. Reserves are monies held by a bank in its vault or with a central bank to ensure that the bank has adequate funds to meet its obligations to its clients. The reserve ratio is represented as a percentage and is used by central banks to control the money supply by affecting the amount of money available to commercial banks to lend. Increased reserve ratios force banks to hold a larger proportion of their deposits in reserve, decreasing the amount of money available for lending and potentially slowing economic growth.
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this economic system places ownership of factories, large farms, and banks in the hands of government to generate wealth. the government accumulates wealth and then redistributes it to citizens, primarily in the form of social programs that provide such things as free or inexpensive health care, education, and childcare. this system is called
A different form of capitalism is socialism. The government, not private individuals, owns the means of producing wealth in socialist nations, including banks, vast farms, and factories.
Which of the following systems includes factories and other sources of income creation?A capitalist economy allows for the private ownership and control of capital assets like mines, factories, and railroads. Labor is acquired for monetary salaries, private owners receive capital gains, and prices divide up capital and labor between competing uses (see "Supply and Demand").
What kind of government entails the process of gaining and using power within society to forward objectives?Politics is the practice of attaining and using power within a government in order to establish and realize specific objectives, particularly those connected to the distribution of resources within a country.
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what are the components of the information effect in social media engagement? (check all that apply.) multiple select question. spreading relevant information through various channels identifying the context and receiver of content engaging the customer at the right place and time serving as a means by which people can share their interests with each other
The elements of the information effect in social media engagement include spreading relevant information information through a variety of channels, identifying the context, and determining the recipient of content.
What is social media engagement?The term "social media engagement" refers to actions that reflect and quantify how much your audience interacts with your content. Likes, comments, and shares are examples of social media engagement, but they vary by platform.
Measuring social media engagement is important because it tells us how well our content is being received by our customers. It also provides us with a measurable metric to track your progress over time.
As a result, the elements of the information effect in social media engagement include disseminating relevant information via various channels, identifying the context, and determining the recipient of content.
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Which factor most increased the demand for enslaved labor in virginia?
Answer:
Virginia planters developed the commodity crop of tobacco as their chief export. It was a labor-intensive crop, and demand for it in England and Europe led to an increase in the importation of African slaves in the colony.
for the fiscal year, sales were $7810000, sales discounts were $90000, sales returns and allowances were $20000, and the cost of merchandise sold was $4240000. what was the amount of gross profit
The amount of gross profit for this fiscal year was $3200000.
What is gross profit?Gross profit is the difference between a business's revenue and the cost of goods sold. It is calculated by subtracting the cost of goods sold from total revenue, and is an indicator of a company's financial health and performance. Gross profit can be used to measure a company's profitability and efficiency, as it reveals how much money a business has left after paying for the costs associated with generating its revenue.
Gross profit is calculated by subtracting the cost of merchandise sold from total sales. Therefore, to calculate the gross profit for this fiscal year, we will use the following formula:
Gross Profit = Sales - Sales Discounts - Sales Returns and Allowances - Cost of Merchandise Sold
Plugging in the numbers from the question, we get:
Gross Profit = $7810000 - $90000 - $20000 - $4240000
Gross Profit = $3200000
Therefore, the amount of gross profit for this fiscal year was $3200000.
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In the United States, which of these financial institutions arrange most primary market transactions for businesses?
Investment Banks. Investment banks were best known for serving as a corporation's point of contact with the financial markets.
What Four Investment Banks Comprise the Big Four?The "big four" are Goldman Sachs, Morgan Stanley, Citigroup, and JPMorgan Chase.They are closely being followed by other powerful global institutions like Lloyds Banking group, Barclays, Credit Suisse, and UBS.
Warren Buffett invests in which bank?Bank of America (BAC 0.83%), the second-largest bank in assets in the United States and the second-largest holding in Berkshire's portfolio, appears to be Buffett and Berkshire's top investment.Even as it was selling off other positions in 2020, Berkshire bought the stock for billions of dollars.
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Candace just accepted her first job paying a $48,000 salary and is planning to take a $5,000 vacation cruise throughout Europe for 2 weeks. She is debating whether to take the trip now and finance it with a promotion from the travel company offering no payments for a year at a monthly periodic rate of 1%, or wait the year and save to pay for the trip. If she takes the trip now she will start her career 2 weeks late. Approximately how much would she save by waiting a year and not taking her unpaid time from work to travel?a. $2,480.b. $634.c. $1,557.d. $600.
She would save about $2480 if she waited a year and didn't use her unpaid time off from work to travel.
A cost is the amount of money that was spent to produce an item or provide a service, but that can no longer be used for production, research, retail, or accounting. The total cost of the transaction is considered while determining the acquisition cost.
Additional expenses if the vacation is taken right away:
Loss of pay = 48000 * (2 / 52) = 1846.153846
Interest on loan = Loan * Rate * no of terms
Interest on loan = 5000*1%*12
Interest on loan = 600
Total cost = 1846.15 + 600
Total cost = 2446.15
(A) $2480 will be saved
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Smith Enterprises recently was profiled on a financial information website and touted as a "hot" growth stock. You acquired the stock quote shown here from that website.Smith Enterprises (NYSE: SME)Last Trade: 51.63Day's Range: 47.22 - 51.96Trade Time: 4:00 PM ET52wk Range: 25.48 - 60.71One-Day Stock Return: 11.58%Volume: 1,419,317Prev. Close: 46.27Avg. Vol. (3m): 629,072Open: 47.25Market Cap: 1.63BBid: N/AP/E (ttm): 25.43Ask: N/AEPS (ttm): 1yTarget Est: 55.40Div. & Yield: 0.20 (0.40%)The last trade time is shown to be at 4:00 PM Eastern Time. The abbreviation "ttm" stands for "trailing twelve months," and the number shown reflects data from the previous 12 months. The abbreviation "3m" reflects data from the previous 3 months.What exchange does Smith Enterprises trade on?A. SMEB. AMEXC. NASDAQD. FTSEE. NYSE
Smith Enterprises trades on the New York Stock Exchange (NYSE). (Option E)
When a business issues shares or stock to the general public?When a business issues common stock or shares to the public for the first time, this is known as an initial public offering (IPO). They may be issued by huge privately held companies aiming to go public, but they are frequently done by smaller, younger enterprises searching for funds to grow.
Compared to usual trading volume, how active was trading in Smith's stock today?Compared to the stock's average daily trading volume over the previous three months, trading in Smith's stock was relatively active today. The average daily trading volume over the previous three months was 629,072 shares. 1,419,317 shares were exchanged today, which is more than double the daily average.
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sophie's been asked to create image assets that adhere to best practices for app campaigns. she wants to guarantee placement across all channels. at minimum, what image assets should sophie create and upload?
Image assets should Sophie create and upload - Somewhere around two landscape images with next to no superimposed text or logo (Also known as - graphical representation) To guarantee situation across all channels, transfer no less than two scene pictures with practically no superimposed text or logo.
In today's digital world, graphical representation is a powerful tool for communicating with your target audience. In this context, it's essential to have a set of high-quality images that represent your brand or product in a consistent manner across all your channels.
In the given scenario, Sophie has been asked to create and upload at least two landscape images with minimal superimposed text or logo. The purpose of this request is to ensure consistency across all channels and to ensure that the images are suitable for a wide range of uses.
Landscape images refer to photographs or graphics that are horizontally oriented, with a width greater than their height. They are a popular choice for a wide range of uses, such as website backgrounds, product packaging, social media posts, and more.
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suppose that you buy a two-year 8% bond at its face value, answer the following: a-1. what will be your total nominal return over the two years if inflation is 3% in the first year and 5% in the second? a-2. what will be your total real return? b. now suppose that the bond is a tips. what will be your total 2-year real and nominal returns?
The real return and nominal return if inflation persists will be 9%.
What is nominal return?Before deducting costs like taxes, investment fees, and inflation, an investment's nominal return is the amount of money it makes. The nominal rate would be 10% if an investment yielded a 10% return. Real return is the amount received on an investment following the deduction of taxes and inflation. Real returns are lower than nominal returns because nominal returns do not account for taxes and inflation. We can figure out the nominal rate of return using the formula below: Nominal rate of return is calculated as Current Investment Value - Original Investment Value. After taking into account costs, inflation, and tax rates, the after-tax actual rate of return is calculated. Without taking into account any external factors that could affect an investment's actual return, the nominal return is simply the gross rate of return.
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