On a sailor's most recent evaluation, at a minimum, the recommendation required to be eligible for advancement is promoted on time.The sailor must have a recommendation from their commanding officer that they are ready for promotion.
In order for a sailor to be eligible for advancement, they must have a current evaluation that indicates their readiness for the next rank. The evaluation must include a promotion recommendation by the commanding officer. Different branches of the military use different terminology, but the recommendation must be clear that the sailor is ready to advance and should be promoted at the designated time.
The recommendation should also include an explanation of the sailor's performance and why they are ready for promotion. This recommendation should be based on the sailor's performance, demonstrated knowledge, and leadership qualities. The commanding officer must also take into account any
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On a sailor's most recent evaluation, at a minimum, what promotion recommendation is required to be eligible for advancement? a) early promote b) promote c) promote now d) must promote e) promote on time
a store has clearance items that have been marked down by 20%. they are having a sale, advertising an additional 60% off clearance items. what percent of the original price do you end up paying?
A store has clearance items that have been marked down by 20%. they are having a sale, advertising an additional 60% off clearance items. the percent of the original price paying 40% of the original price.
This is calculated by subtracting the 20% clearance from the 60% sale, which leaves you with 40%. When you take the remaining 40% of the original price, that is the amount you will end up paying. For example, if a clearance item was originally priced at $100, the 20% clearance would bring it down to $80. With the additional 60% sale, it would be discounted to $32. That is 40% of the original price of $100.
This calculation works on any clearance item, no matter the original price. If a clearance item was originally priced at $50, the 20% clearance would bring it down to $40. With the additional 60% sale, it would be discounted to $16. That is also 40% of the original price of $50. Knowing that a sale of 60% off clearance items will ultimately give you 40% of the original price is a good way to save money. When shopping for clearance items, it is also important to know how much the original price was in order to understand how much of a deal you are getting.
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a bond with $1,000 par value pays a semiannual coupon, and the last coupon was paid 72 days ago. if the bond's coupon rate is 8%, what is the accrued interest? assume 182 days between coupon payments. round your answer to two decimal places and enter it without a dollar sign.
The accrued interest of the given is 38.53%.
What is accrued interest?Accrued interest is the amount of interest that has been owed on a loan or other financial liability as of a given date but has not yet been paid. For the lender or the borrower, accumulated interest may take the form of accrued interest revenue or accrued interest expense.Accrued interests are typically calculated and recorded as adjusting journal entries in accrual-based accounting at the conclusion of a given accounting period.Since accrued interest is expected to be earned or paid within a year, it is typically counted as a current asset for a lender or a current liability for a borrower.Given data :
bond price 0= 311.05 = 1000/(1+ r/2) ^((10)(2))
r= 0.120257 0r 12.0257%
bond price 1= 1000/(1+ 0.120257/2)^((9)(2))
bond price 1 = 349.58
accrued interest = 349.58 - 311.05
accrued interest = 38.53
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1. project chariot involves a conflict of interests. describe this conflict, the parties involved, and who stands to gain or lose from this project. 2. in the lecture, we saw a number of different conflicts of interest. which of these is this project most similar to?
The conflict of interest exists between the shareholders and the bondholders
Did Project Chariot happen?Quietly put on hold was Project Chariot. It was too expensive due to opposition from the local populace and doubting scientists across the nation. Additionally, the experiment was now unnecessary. Any findings from this test might just as easily be proven by blasts that had previously taken place at the Nevada Test Site. By burying and detonating a series of nuclear bombs, Project Chariot was a 1958 US Atomic Energy Commission proposal to build an artificial harbor at Cape Thompson on the North Slope of the U.S. state of Alaska. There is a conflict of interest between bondholders and stockholders. After Project Chariot is put into action, HMC will have high debt while MII would have low debt.The initial bondholders will be responsible for speculative real estate investments with a hazy appreciation and income projections. Due to the fact that the company will be split in half, shareholders will benefit from the business upside while bondholders will suffer from the real estate downside, shareholders will gain and bondholders will lose.To learn more about conflict of interest refer to:
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merchandising companies include both wholesalers and retailers. question content area bottom part 1 true false
This statement is True. Both wholesalers and retailers are a part of the merchandising company. Wholesalers are businesses that buy goods in bulk from manufacturers and then sell them to retailers.
Retailers are businesses that buy goods from wholesalers and then sell them to customers. Wholesalers and retailers work together to move goods from producers to consumers. Wholesalers provide retailers with the goods they need to stock their shelves and make them available to the public.
Retailers are the ones who actually sell goods to consumers. Both wholesalers and retailers play an important role in the supply chain of the merchandising industry, and both are essential to the proper functioning of the industry.
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______ segmentation forms market segments based on the way consumers use a product, such as more frequently or with greater loyalty. behavioral.
Market segments are created by behavioural segmentation based on how frequently or loyally people utilise a product.
What are the consumers?They are people or different kinds of enterprises who utilise a service or good. In addition, they do not really sell the products they bought. They are the last people in the production process to get goods and services. In actuality, the consumer may not always make the purchase.
Who is a consumer with examples?The consumer is any individual or group who uses a product or service in its entirety. Here are several examples: a customer who pays a hairstylist to cut and style their hair. a company that buys a printer for work purposes.
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when supply and demand both increase, equilibrium question 10 options: a) price will increase. b) price will decrease. c) quantity may increase, decrease, or remain unchanged. d) price may increase, decrease, or remain unchanged.
If the supply and demand both increase, equilibrium a) price will increase. If that condition happen, the effect on price cannot be determined.
In the term of economic and market consideration, Supply generally can be defined as the market's ability to produce a good or service. In the other side, demand can be defined as the market's desire to purchase the good or service. Supply and demand generally can be defined as a fundamental concept within economics and is primarily used to describe the price and availability of commodities. The relationship between supply and demand is reverse, when one increases, the other will decrease.
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The reincarnated prince becomes an alchemist and brings prosperity to his country.a. trueb. false
The reincarnated prince becomes an alchemist and brings prosperity to his country. The given statement is true.
Give a brief about alchemist.
Today, we acknowledge chemistry as a legitimate branch of science and reject alchemy as a pseudoscience, yet the two names first had similar meanings until becoming distinct by the 17th century, just like astrology and astronomy did at the same time.
In English, alchemy and alchemist are really older terms than chemistry and chemist. Alchemists thought that by transmutation, or the transformation of any basic material into a higher form, it was possible to turn lead into gold, heal ailments, and extend human life. Their covert experiments, which frequently involved heat and the mixing of liquids, contributed to the growth of modern chemistry and pharmacology.
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putting aside money
for a "rainy day"
Which is the best definition of investing?
putting aside money
for an emergency
putting aside money
to make more
putting aside money
for a future
purchase
Answer: The best definition of investing is " putting aside money for a future purchase". This sentience indicates your gonna invest in something in the distant future and it fits the best definition out of all the options. So the correct answer is "putting aside money for a future purchase".
Investing definitionInvesting means to put money in something for an expected profit. You can invest in various ways by putting money into stocks shares and many more. Investing is key to have a successful comfortable life. Investing does not always yield profits it's a risk for a cash return.
AIM is a process for ______ the writing of useful business messages.
In this question, AIM is a process for improving the writing of useful business messages.
What is AIM?By concentrating on the most crucial components, the AIM process—which stands for Audience, Purpose, and Message—improves corporate communication. AIM aids in ensuring effective communication by comprehending the audience, outlining the message's goal, and developing a direct and succinct message.
Writing in a manner that will be well-received by their target audience requires writers to explain their objectives, concentrate their thoughts, and communicate effectively. Numerous forms of corporate communication, such as emails, notes, reports, presentations, and more, may be used with AIM. In general, AIM assists writers in producing communications that are simple, direct, and efficient.
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a corporation currently has 2 million outstanding shares with a market value of $40 per share. the corporation does not currently have any debt. it intends to borrow money at 10% interest in order to buy back 40% of its outstanding shares at the current market price. calculate the breakeven ebit for this new structure to make sense.
The breakeven ebitda for the company to buy back its shares at market value will be close to 16%.
What is EBITDA?An alternative measure of profitability to net income is EBITDA, or earnings before interest, taxes, depreciation, and amortisation. EBITDA makes an effort to accurately reflect the cash profit produced by the business' operations by removing non-cash depreciation and amortisation charges, taxes, and debt costs based on the capital structure. Under generally accepted accounting rules, EBITDA is not a statistic that is recognised (GAAP). Some publicly traded corporations include adjusted EBITDA figures in their quarterly reports, which are often free of other expenses like stock-based pay. EBITDA has come under fire for allegedly overstating profitability as a result of companies' and investors' increased attention on it. The U.S. Securities and Exchange Commission (SEC) mandates that publicly traded corporations that publish EBITDA figures explain how they were calculated from net income and prohibits them from using EBITDA as a substitute for net income.
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as the inventory turnover increases, the average sales period decreases. group startstrue or false true, unselected false, unselected
It is a sign that the company's product is in high demand if inventory turnover is high.
Is the ratio of turnover of accounts receivable?By measuring how long it takes to collect the outstanding debt over the course of the accounting period, the accounts receivable turnover ratio, also known as receivables turnover, is used in business accounting to measure how effectively businesses are managing the credit that they extend to their customers.It is a sign that the company's product is in high demand if inventory turnover is high. It might also imply that the business launched an effective marketing initiative or sales promotion that increased sales. It shows that the business is effectively transferring inventories during normal business operations, in any situation.Your cash flow is more positively impacted by a larger turnover ratio.To learn more about inventory turnover refer to:
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an american company that sells consumer electronics products has manufacturing facilities in mexico, taiwan, and canada. the average hourly wage, output, and annual overhead cost for each site are as follows: mexico taiwan canada hourly wage rate $1.50 $3.00 $6.00 output per person 10 18 20 fixed overhead cost $150,000 $90,000 $110,000 given these figures, is the firm currently allocating its production resources optimally? if not, what should it do? (consider output per person as a proxy for marginal product.) suppose the firm wants to consolidate all its manufacturing into one facility. where should it locate? explain.
The answer is, the company has not allowed its resources optimally. The optimal allocation will be to allocate resources in ratio of the respective MP/wage ratio. For example, highest in Mexico>Taiwan>Canada.
It should consolidate it at Mexico because it is giving highest output per dollar input.
The company is required to consider the following resources:
1.Cost of raw material.
2.Availability of Raw material.
3.Utility cost.
4.Transportation costs etc.
Why do you use the word cost?A cost is the amount of money that has been expended to produce an item or provide a service and is therefore no longer available for use in manufacturing, research, retail, or accounting. In the world of business, the cost can be one of acquisition, in which case the sum of money spent on getting it is considered the cost.
How does economics define a cost?The value of the factors of production that a company employs in different ways is what is meant by costs (labor costs, materials costs, capital costs). Either fixed or variable costs may apply. Summarizing fixed and variable expenses is what is meant by "total costs." Total costs are divided by production to determine average costs.
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why did the federal government set its sight on the railroads, and what was the resulting legislation? answer in two to three sentences.
determine the amount needed such that when it comes time for retirement, an individual can make monthly withdraws in the amount of $2,154 for 30 years
The amount needed is $396,721.7
Time period = 30 years = 360 months
Amount withdrawn = $2,154
Rate = 5.1%
The value of a sum of money today is known as its present value. For instance, if someone is promised $210 in a year, the present value of that $210 is its current market worth.
Calculating the amount needed -
PV = A x [ 1 - ( 1 + i/n)^n / i/n
Substituting the values -
PV = A x [ 1 - ( 1 + i/12)^360 / i/12
= 2154 x [ 1 - ( 1 + 0.051/12)^360 / 0.051/12
= 2154 x ( 1 - 0.21724) / 0.00425
= 2154 x 0.78276 / 0.00425
= 396,721.7
Complete Question:
Determine the amount needed such that when it comes time for retirement, an individual can make monthly withdraws in the amount of $2,154 for 30 years from an account paying 5.1% compounded monthly. Round your answer to the nearest cent. a. $396,721.78 b. $398,407.85 c. $775,440 d. $1,833,962.40
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a investment banking firm found that an analytical skills selection test it had been using to hire financial associates actually helped the firm to obtain more major clients and to increase the revenue and profitability of the firm. this is an example of a selection test that possesses?
Utility An investment banking company discovered that the analytical skills selection procedure it had used to hire financial associate had really assisted the company in attracting more important clients, growing revenue, and improving profitability.
What does utility look like in the corporate world?For instance, a business that gives a two distribution guarantee can highlight this feature of their operations to encourage time utility in their clients. Because they are aware that they can get a product within 2 days if they desire one, customers can enjoy this time convenience and link the business with quick service.
What does the financial term utility mean?Utility in economics refers to the degrees of satisfaction that customers have after purchasing and using a good or service. According to utility function, people place their purchasing choices on how satisfied they are with a good or service.
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1-7. on an average hourly basis, how much does butcher enterprises spend on wages and benefits, respectively, in dollars?
Butcher businesses spend, on average, $13.3 per hour on wages and $5.7 per hour on benefits.
How much are wages?Wages are payments paid to employees in exchange for the time they spend working for a business. Usually, payment is made hourly. From this comes the term "hourly laborer." Additional sources of compensation include things like commissions and salary.
According to the number of hours worked, lower-level employees are paid. These workers frequently use a time sheet or time card to record the number of hours they put in each week. The bulk of contemporary businesses uses computerized systems to track the hourly work of their staff.
Employees must log in and out of the system to record their hours worked. Then, depending on the state, these workers are paid once per week or once every other week. An hourly worker is eligible for overtime pay if they work more than 40 hours each week.
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Which HR function includes interviewing job applicants?
Recruitment and hiring are function #1:
This essential HR function includes creating job descriptions, posting job opportunities, screening and interviewing applicants, and aiding managers in selecting the most qualified candidates.
What is an HR?The group of individuals that make up an organization's, business sector's, industry's, or economy's workforce is known as human resources (HR).
Human capital, or the knowledge and abilities that people possess, is a more specific idea.
Manpower, labor, personnel, colleagues, or simply "people" are comparable concepts.
An organization's human resources department (HR department) manages human resources by overseeing a variety of employment-related tasks, including employee recruitment (also known as talent acquisition) and offboarding, some aspects of performance management, interviewing and selection, performance management, employee benefits administration, and employee benefits administration.
Function #1: Recruiting and Hiring
Workforce planning, job description authoring, posting job openings, screening and interviewing applicants, and assisting managers in making the best recruiting decisions are all parts of this crucial HR function. Function #1: Recruiting and Hiring
Therefore, recruitment and hiring are function #1:
This essential HR function includes creating job descriptions, posting job opportunities, screening and interviewing applicants, and aiding managers in selecting the most qualified candidates.
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a company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. prior to buying the new equipment, the company used 5 workers, who together produced an average of 90 carts per hour. workers receive $14 per hour, and machine cost was $40 per hour. with the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $11 per hour, while output increased by 5 carts per hour. a. compute labor productivity under each system. use carts per worker per hour as the measure of labor productivity. (round your answers to 3 decimal places.) b. compute the multifactor productivity under each system. use carts per dollar cost (labor plus equipment) as the measure. (round your answers to 3 decimal places.) c. comment on the changes in productivity according to the two measures. (round your intermediate calculations to 3 decimal places and final answers to 2 decimal places.)
a. Labor Productivity (in Carts per Worker per Hour):
Old System: 18 carts
New System: 18.75 carts
b. Multi-Factor Productivity (in Carts per Dollar Cost):
Old System: 7.5 carts
New System: 8.64 carts
c. The labor productivity increased by 0.75 carts per worker per hour, but the multi-factor productivity increased by a greater amount of 1.14 carts per dollar cost.
Calculation for the equipment cost:a. Labor productivity under the old system: 90/5 = 18.000 carts per worker per hour.
Labor productivity under the new system: 95/4 = 23.750 carts per worker per hour.
b. Multifactor productivity under the old system: 90/(14 + 40) = 3.333 carts per dollar cost.
Multifactor productivity under the new system:95/(14 + 51) = 2.821 carts per dollar cost.
c. The labor productivity increased by 5.750 carts per worker per hour, or 31.7%, when the new equipment was put into use. The multifactor productivity decreased by 0.512 carts per dollar cost, or 15.4%, when the new equipment was put into use.
This suggests that the new equipment is more efficient in terms of labor cost, but not as efficient in terms of overall costs, since the increased cost of the equipment offsets the increased productivity.
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when coca cola consumption recently decreased, the coca cola company hired a survey firm to determine what was going on. the firm interviewed consumers, who said that rising coke prices were discouraging them from purchasing coke. this implies a: group of answer choices movement along the demand curve for coca cola. movement along the supply curve for coca cola. shift of the demand curve for coca cola. shift of the supply curve for coca cola.
a) Changes in Coca- cola demand curve : This simply illustrates movement along the Coca- Cola demand curve
When the price is the sole variable changing and all other variables affecting the volume demanded remain constant, the demand wind moves. As a result, the demand follows the same curve whether it's rising or falling. The pivotal thing to keep in mind is that while the price of the product fluctuates, other rudiments, like as the consumer's income and preferences as well as the costs of other goods,etc., remain constant. The volume sought is affected by the price change in this case, but the demand curve remains the same as it was before the price change. The demand curve is moving in this direction. The movement could be overhead or over.
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which statement about the contribution made by jack welch toward management thought and practices is true?
He created the very well Jack Welch workout regimen, which promoted managerial skills and ideas..
What does an organization's management entail?the process of assigning, controlling, integrating types of power inside one system with the aim of achieving that system's objectives. Organizational management must have the decision-making and problem-solving skills to be effective and profitable.
What would a suitable organizational management example be?Corporate governance can take many various forms, depending on the needs of the firm. Businesses may find that standardization is more efficient in verifying that all of its employees follow the same guidelines and rules, for instance.
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the following partial balance sheet ($ in thousands) for paisano seafood incorporated is shown below. assets liabilities and equity current assets: current liabilities: cash $ 60 accounts payable $ 240 accounts receivable (net) 170 other current liabilities 80 notes receivable 50 total current liabilities 320 inventory 200 long-term liabilities 110 prepaid expenses 25 total liabilities 430 total current assets 505 shareholders' equity: equipment (net) 255 common stock 150 retained earnings 180 total shareholders' equity 330 total assets $ 760 total liabilities and equity $ 760 the current ratio is: note: round your answer to 2 decimal places. multiple choice 1.58. 1.17. 1.98. 0.66.
Calculation of Current Ratio = Total Current Assets ($505) /Total Current Liabilities ($320) = 505/320 = 1.58. The correct option is a.
What is the current ratio?The current ratio is a liquidity ratio that measures a company’s ability to pay short-term obligations or those due within one year. It tells investors and analysts how a company can maximize the current assets on its balance sheet to satisfy its current debt and other payables. A current ratio that is in line with the industry average or slightly higher is generally considered acceptable.
A current ratio that is lower than the industry average may indicate a higher risk of distress or default.
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groups that provide necessary infrastructure, such as the media, but that do not engage in transactions with an organization are considered:
The correct answer is C. agencies that offer important infrastructure, consisting of the media, but that does not have interaction in transactions with an agency are considered secondary stakeholders.
Infrastructure is the set of centers and systems that serve a rustic, metropolis, or every other area, and encompasses the services and centers necessary for its economic system, families, and firms to function. Infrastructure is composed of public and personal bodily structures which include roads, railways, bridges, tunnels, water delivery, sewers, electrical grids, and telecommunications (including net connectivity and broadband get admission to). In preferred, infrastructure has been defined as "the bodily components of interrelated structures providing commodities and services crucial to enable, sustain, or decorate societal residing situations" and maintain the encompassing environment.
Particularly in light of the massive societal changes that had to mitigate and adapt to climate exchange, modern-day infrastructure conversations regularly cognizance of sustainable improvement and inexperienced infrastructure. Acknowledging this significance, the international community has created coverage focused on sustainable infrastructure via the Sustainable development dreams, especially Sustainable improvement purpose 9 "enterprise, Innovation, and Infrastructure".
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Complete Question:
Groups that provide necessary infrastructure, such as the media, but that do not engage in transactions with an organization are considered:
A. tertiary stakeholders
B. constituent stakeholders
C. secondary stakeholders
D. external stakeholders
gymco sells weightlifting equipment. on 12/30/2014 customer a pays $150 cash for weights to be delivered on 1/7/2015. the weights cost gymco $95. please provide the 12/30/2014 and 1/7/2015 journal entries. what is 2014 income? what is 2015 income?
Gross profit = Revenue - Cost of goods sold = $150 - $95 = $55
Here are the journal entries for December 30, 2014, and January 7, 2015:
December 30, 2014:
Debit: Cash - $150
Credit: Accounts Receivable - $150
January 7, 2015:Debit: Inventory - $95
Credit: Accounts Payable - $95
Debit: Cost of Goods Sold - $95
Credit: Inventory - $95
Income for 2014 would be calculated as follows:
Revenue (on December 30, 2014) = $150
Cost of goods sold (on January 7, 2015) = $95
Gross profit = Revenue - Cost of goods sold = $150 - $95 = $55
Income for 2015 would be calculated based on revenue and costs incurred in that year, but this information is not provided in the question.
It's important to note that these journal entries are based on the assumptions provided in the question and may need to be adjusted based on a company's specific accounting policies and procedures.
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Whats the difference between leasing and financing a car?
When purchasing relatively expensive items with financing, the buyer agrees to make regular payments in order to cover the cost of the item. Another name for it is "Hire Purchase Financing." When anything is leased, the leasing company makes the purchase on the customer's behalf. This is seen as a borrowing process.
What is leasing and financing a car?
When purchasing relatively expensive items with financing, the buyer agrees to make regular payments in order to cover the cost of the item. Another name for it is "Hire Purchase Financing."
When anything is leased, the leasing company makes the purchase on the customer's behalf. This is seen as a borrowing process.
Is renting a car a wise move?
You merely pay your monthly installments when leasing an automobile. Best deal on a car: You get to drive a car that is brand new and in excellent shape, which is one of the leasing process' major benefits.
An automobile performs admirably when it is spanking new. With a fixed monthly payment, you may benefit from the best value in vehicles.
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the fitzhugh corporation saw a 10% decrease in activity levels over the fourth quarter. you have been asked what other changes the company should expect because of this decrease. what will you report?
A 10% decrease in variable cost. The option D is correct
Variable cost: Variable cost is a cost that varies with the change in activity level but remains constant per unit. It varies in the same proportion and in the same direction with the change in the level of activity.
Fixed Cost: Fixed cost as the name suggests is fixed and is not affected by activity level. Because it is fixed it remains constant In total.
Fixed costs are expenses that remain constant regardless of whether sales or production volumes rise or fall. This is so because they are not involved in the actual process of producing something or providing a service. Fixed costs are therefore regarded as indirect costs.
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peter filed his federal income taxes, but he needs to make a correction to his income. which form should he use?
The overall federal tax system would be progressive, with higher-income households paying a higher percentage of their income in total national tax burdens than lesser households. Not all federal taxes seem to be progressive in the same way.
A progressive tax levies a higher percentage of personal income tax on higher incomes, based on the premise that higher-income earners can afford to pay more.
Adjusted gross income (AGI) would be an individual's total annual salary minus specific deductions inside the United States taxation system. It is utilized to compute taxable income, which would be AGI excluding personal exemption and itemized deduction allowances.
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the laissez-faire approach that was popular before the great depression influenced the u.s. government to see business downturns as:
The laissez-faire approach that was popular before the Great Depression influenced the US government to see business downturns as a natural, cyclical process that should largely be left to the free market, with minimal intervention.
This approach was based on the idea that, given the right conditions, the market would self-regulate and eventually recover from economic downturns.
The US government during this time was largely in agreement with this perspective and so refrained from taking drastic action. Instead, they focused on creating an environment that allowed businesses to operate freely and grow, with the belief that markets would eventually right themselves.
This ultimately proved to be a mistake, as the Great Depression was much more severe than any other downturn in history, and necessitated a much stronger response from the US government.
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in general, the threat of substitutes is heightened because the internet lowers switching costs. lowers barriers to entry. introduces new ways to accomplish the same task. increases output per unit of cost.
The threat of substitutes is heightened because the internet lowers switching costs, lowers barriers to entry, introduces new ways to accomplish the same task, and increases output per unit of cost.
The internet has made it easier for consumers to find and switch to substitute products and services, thereby increasing competition and putting pressure on companies to innovate and lower their prices.
The internet has also made it easier for new entrants to enter the market and offer substitute products, further increasing the threat of substitutes. Additionally, the internet has introduced new and more efficient ways to accomplish many tasks, making it easier for consumers to find substitutes.
Finally, the internet has increased the efficiency and output per unit of cost of many products and services, making it easier for consumers to switch to substitute products that offer similar benefits at a lower cost.
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what are some of the things you should look for when selecting the right bank?
Before selecting the appropriate bank, we believe that we should take into account three crucial factors: A financial product that we need.
Fees and rates.
How to choose a bank?
One of the most crucial financial decisions you can make is selecting a financial institution to manage your money. Different banks will pay you dramatically varying amounts of interest on your money as well as offer vastly different levels of service and pricing structures.
This actually means that selecting the right bank for you is not often a one-time exercise. As your financial and investing goals change over time, the best bank for you may also vary. Because of this, it's a good idea to keep in mind that there is no restriction on the number of bank accounts you can have or how frequently you can switch from one bank to another. Financial institution type (credit union, traditional bank, online bank).
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the following data belongs to soft company: accounts receivable on december 31, 2020: $20,000 accounts receivable on december 31, 2021: $25,000 net credit sales during the year 2021: $100,000 based on the above information, the total cash collected from customers by soft company during the year 2021 is: question 1 options: 1) $75,000 2) $95,000 3) $105,000 4) $120,000 5) $100,000
The total cash collected from customers by Soft Company in year 2021 was 2) $ 95,000.
How to find the cash collected ?To find the cash collected by Soft Company, the formula is:
= Opening accounts receivable for the year + Net credit sales - Closing accounts receivables for the year
Given the data, we then know that the total cash collected from customers by Soft company during the year 2021 was :
= 20, 000 + 100, 000 - 25, 000
= $ 95, 000
Find out more on accounts receivable at https://brainly.com/question/24848903
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