true or false: the correct future value interest factor in a time value of money table for $100 in 10 years at 10 percent per year is 2.5937.

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Answer 1

The statement "The correct future value interest factor in a time value of money table for $100 in 10 years at 10 percent per year is 2.5937" is true. This is because the future value interest factor (FVIF) is a mathematical calculation that determines the future value of a sum of money based on a specified interest rate and a set amount of time.

In this case, the FVIF for $100 invested at 10 percent per year for 10 years would indeed be 2.5937. This means that if you invested $100 at a 10 percent annual interest rate for 10 years, the future value of your investment would be $259.37 ($100 x 2.5937).

The time value of the money table provides a convenient way for investors to calculate the future value of their investments and make informed decisions.

By using the correct FVIF, investors can accurately estimate the future value of their investment, taking into account the interest rate and the time horizon. Overall, the given statement is true, and the correct FVIF for $100 invested at 10 percent per year for 10 years would indeed be 2.5937.

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Related Questions

suppose a senator introduces a bill to legislate a minimum hourly wage of $16 per hour. this type of price control is called a

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Suppose a senator introduces a bill to legislate a minimum hourly wage of $16 per hour. This type of price control is called a price floor.

What is price floor?

Price floors happen when the amount charged is greater than or less than the market equilibrium price determined by supply and demand. Through observation, it has been shown that lower price floors are ineffective. It has been discovered that the price floor is crucial in the labor-wage market. The best spot for a price floor is above the equilibrium point since this will drive prices to rise from the current equilibrium to the desired price. Price floors work best when they are placed above the point at which supply and demand reach equilibrium.

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cherry sold her condo near campus when she graduated from law school and took a job in another city. she paid her realtor a percentage of the closing price for the home. the functions performed by the realtor included listing the home and marketing it to prospective buyers, which would be considered what type of product?

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The realtor's services provided to Cherry would be regarded as a service product. is regarded as a real estate brokerage service for Cherry. obtaining the real estate brokerage services offered realtor

A member of the professional organisation known as the National Association of Realtors is referred to as a realtor. The defines the term "real estate professional" as a collective membership mark that is nationally recognised and designates a real estate professional who belongs to the association and upholds its code of conduct. A member of the professional organisation known as the National Association of Realtors is referred to as a realtor.Agents that operate as residential and commercial real estate brokers, salesmen, and property managers are among the professionals who may carry the title of realtor.Expertise in the subject of real estate is demanded of realtors.

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on january 1, 2022, teton corporation had retained earnings of $11,540,000. during 2022, teton reported net income of $2,185,000, declared dividends of $785,000, and issued common stock for $1,570,000. what were teton's retained earnings on december 31, 2022?

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The Teton's retained earnings on December 31, 2022 were $785,000.

What are retained earnings?

The total amount of a company's profits held for internal reinvestment as opposed to being distributed as dividends to shareholders is known as retained earnings (RE). Normally, these funds are set aside for debt repayment or used for capital expenditures like the acquisition of working capital and fixed assets. Retained earnings act as an important link between the income statement and the balance sheet since they are part of shareholders' equity, which connects the two financial statements. Retaining these earnings may be done for a number of reasons, including to finance the purchase of new gear and equipment, research and development, or other initiatives that may lead to future corporate expansion. Future profits will rise by investing more money back into the company.

Retained earnings= $1,570,000-$785,000= $785,000

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why should people or countries specialize according to the comparative advantage and why is comparative advantage crucial to trade?

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According to comparative advantage, people and nations should specialise since it allows for more effective resource usage. A country has a comparative advantage if they can produce a particular good at a lower opportunity cost than another country or people.

The economic theory of comparative advantage states that a nation, an individual, or a company has an advantage over others in producing a particular good or service. They can produce it at a lower opportunity cost than competitors, which accounts for this advantage. This indicates that they can manufacture it more effectively thanks to their talents, natural resources, or developed technology. Countries, people, and enterprises can improve their production and consumption efficiency, resulting in higher economic growth and living standards. This is done by specialising in the creation of goods and services where they have a competitive advantage. Trade is essential because it creates the framework for international trade that benefits both nations and individuals.

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which of the following statements is correct? multiple choice the payment of a cash dividend reduces net income. cash received from issuing common stock to stockholders is reported as a financing activity cash flow within the statement of cash flows. providing services to a customer on account does not impact net income. the purchase of manufacturing equipment is reported within the statement of cash flows as a financing activity.

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Providing services to customer on account does not impact the net income is the correct statement.

What is net income?

In accounting and business, net income is defined as an entity's income less its costs, depreciation and amortisation, interest payments, and taxes for a certain accounting period. It is determined as the remaining revenues, gains, and losses for the time period, less all expenses and losses. It is sometimes referred to as the net increase in shareholders' equity as a result of business operations. For families and individuals, net income is defined as (gross) income less taxes and other deductions. Net profit is simply the amount of money that is still available after all expenses related to an activity have been paid. The accountant or bookkeeper is responsible for accurately estimating and allocating revenues and expenses within a certain operational framework.

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how does my business help businesses reach more customers when it matters most? (choose two.)

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Marketing and Advertising: Your business can help other businesses reach more customers by providing effective marketing and advertising services. This can include creating and executing targeted campaigns on social media, email marketing, search engine optimization (SEO), or other channels to reach customers where they spend time online.Customer Analytics: Your business can also help other businesses reach more customers by providing insight into their customer behavior and preferences. This is achieved through customer analytics tools and services that help businesses understand the needs and buying habits of their target audience, enabling them to adapt their marketing efforts more effectively.

Note: The services mentioned above can complement each other and provide comprehensive solutions to help businesses reach more customers, but there are also other approaches to achieving this goal.

Marketing is the process of promoting and selling products or services through advertising, distribution and communication to target markets. It involves researching, promoting and distributing products or services to customers with the aim of increasing sales and building brand loyalty. Marketing covers a wide range of activities, including market research, product development, branding, advertising, public relations and sales. The objective of marketing is to understand the needs and wants of target customers and to create and maintain relationships with them by providing products and services that meet those needs.

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which of the following is not a function of opeartuons management group of answer choices forecasting demand of goods/services allocating funds to various activities in an organization capacity planning of transformation process or system managing inventories of items assuring quality of products/services

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Forecasting, capacity planning, scheduling, managing inventories, ensuring quality are just a few of the numerous interconnected tasks that make up the operations department.

What of the following is an operation management function?

An organization's processes and operations are managed through operations management. A supply chain manager, product designer, forecaster, quality controller, and delivery manager are just a few of the tasks they undertake.

What four tasks does an operation manager have to perform?

Operations managers are typically responsible for managing their company's overall strategy. Process management, purchasing, accounting, human resources, inventory management, and IT management are all their responsibilities.

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the dawgs pay their four running backs $1.2 million, $950,000, $710,000, and $523,000. if the team salary is $41 million a year, what percentage of the total salary is paid to running backs?

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The dawgs pay their four running backs $1.2 million, $950,000, $710,000, and $523,000. if the team salary is $41 million a year, 8.18% of the Dawgs' total salary of $41 million is paid to their four running backs.

To find out what percentage of the total salary is paid to running backs, we first need to calculate the total amount of money paid to the four running backs. This can be done by adding up their individual salaries:

$1.2 million + $950,000 + $710,000 + $523,000 = $3.38 million

Next, we need to divide the total amount paid to the running backs by the team's total salary, and multiply by 100 to express the answer as a percentage:

($3.38 million / $41 million) * 100 = 8.18%

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true or false: human resources professionals are responsible for assuring that the company acts within laws that regulate safety and discrimination.

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The statement is True. Human assets professionals are accountable for assuring that the company acts within legal guidelines that alter safety and discrimination.

Human resources (HR) is the enterprise department charged with finding, screening, recruiting, and training job candidates, in addition to administering benefits. Human assets (HR) is the department inside an enterprise that is accountable for all things employee-related. That includes recruiting, vetting, choosing, hiring, onboarding, education, selling, paying, and firing personnel and impartial contractors.

Human resources are the set of folks that make up the workforce of an organization, commercial enterprise quarter, industry, or financial system. A narrower concept is human capital, the expertise, and abilities that the individuals command. Human aid management is the strategic approach to nurturing and supporting employees and making sure of an advantageous place of job environment. Its functions vary across one-of-a-kind corporations and industries, however generally includes recruitment, reimbursement and benefits, schooling and improvement, and employee family members.

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the principle that assets should be recorded at their original cost to the company.True or False?

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True. ( The historical cost principle is an accounting practice that states that all assets of a company are recorded at their original cost rather than their current market value. )

What situations are examples of cost principles?

The cost principle states that the cost is recorded at the actual price paid for the item. For example, when a retailer purchases inventory from a supplier, it records the purchase at the cash price actually paid. The cost corresponds to the amount paid in the transaction.

What's the basic cost principle?

MIT follows the four cost principles. Costs must be (1) acceptable, (2) imputable, (3) reasonable, and (4) consistent. These principles may vary from project to project, but should be used to determine if the cost of a funded project is reasonable.

How are cost principles applied?

The cost principle requires asset, liability or participation to be recognized at its original cost. This principle is widely used to record transactions as it is easiest to use the original purchase price as an objective and verifiable proof of value.

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which four countries have high gross national income (gni) per capita based on 2019 data? multiple select question. sweden india australia china switzerland japan

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China has the highest GDP per capita as measured by Macau SAR PPP, followed by Luxembourg. in 2019 India's  gni per capita was USD 2,100 in 2019, up 4.48% from 2018. India's gni  per capita was USD 2,010 in 2018, up 10.44% from 2017.

India's Gni per capita was USD 2,100 in 2019, up 4.48% from 2018. India's Gni per capita was USD 2,010 in 2018, up 10.44% from 2017. In non-middle-income countries, GNI per capita ranges from $1,026 to $3,995. Her per capita GNI in upper-middle-income countries ranges from $3,996 to $12,375. Finally, GNI per capita in high-income countries is over $12,376. Singapore is the world's highest GNI per capita based on PPP. As of 2021, her GNI per capita based on her PPP in Singapore was her $102,450 international. The top five countries also include Qatar, Norway, Ireland and Switzerland.

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project 2 requires computing the sharpe ratio as one of the portfolio's performance metrics. what is the sharpe ratio (annualized) when given a risk-free rate of 0.0, an average daily return of 0.003, a standard deviation of daily returns of 0.01, and 75 days of daily data?

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The Sharpe ratio is 0.078 annually when given a risk-free rate of 0.0, an average daily return of 0.003, a standard deviation of daily returns of 0.01, and 75 days of daily data.

The Sharpe Ratio is a measure of the excess return per unit of deviation in an investment portfolio.

It helps investors determine whether the higher return of a particular investment is due to smart investments or higher risk. In this case, given a risk-free rate of 0.0, an average daily return of 0.003, a standard deviation of daily returns of 0.01, and 75 days of daily data, the annualized Sharpe Ratio can be calculated using the formula,

(Average Return - Risk-Free Rate) / Standard Deviation of Returns is the calculation for the Sharpe ratio.

Thus, the Sharpe ratio in this instance would be:

(0.003 - 0.0) / 0.01 = 0.03

Given that the data is daily, we multiply the Sharpe ratio by the square root of the number of trading days in a year to annualize it:

0.03 × √(252/75) = 0.078

The Sharpe ratio is 0.078 annually.

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a large department store is prepared to buy 3,800 of your tie-dye shower curtains per month for $4 each, but only 3,650 per month for $9 each. what is the linear demand function for your tie-dye shower curtains?

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The linear demand function for your tie-dye shower curtains

D(p)= 3920 - 30p

where p = price.  

We want to create a function D() such that D(4) = 3800 and D(9) = 3650. The basic formula will be that of a line in slope-intercept form. Picking a line since we've only been given 2 data points and 2 points define a line and because we've been asked for a "linear demand function". The basic form for a line in slope intercept form is:

y = ax + b

where,

    a = slope

    b = y-intercept  

Let's calculate the slope which is the difference in y divided by the difference in x, so

(3650 - 3800)/(9-4) = -300/5 = -30  

So the equation so far is:

y = -30x + b

Now to calculate b. To do so, just substitute a known x and y pair. So

y = -30x + b

3800 = -30*4 + b

3800 = -120 + b

3920 = b  

And we have the equation:

y = -30x + 3920  

So in conclusion, the demand function is D(p) = 3920 - 30p

where p = price.

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an oligopoly is an industry market structure with part 2 a. a single firm in which the entry of new firms is blocked. b. a small number of firms each large enough to impact the market price of its output. c. many firms each too small to impact the market price. d. many firms each able to differentiate their product.

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A market structure known as an oligopoly has a small number of enterprises that are individually sufficiently large to have an impact on the market price of their output.

How does the oligopoly market structure work?

In oligopoly markets, a limited number of suppliers control the market. They are present in every nation and a wide variety of industries. While some oligopoly markets are much more competitive than others, others can at least appear to be so.

Describe an oligopoly. Part 2 Is a market arrangement called an oligopoly?

A market structure known as an oligopoly is one that has few competitors and high entrance barriers. An oligopoly is a market structure with few competitors and entrance restrictions. As each company decides on prices, quantities, and advertising to maximize profits, there is frequently intense competition between businesses.

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a sport fan who is enticed into buying a ticket to a game by a promotion had her consumer behavior affected by

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The concept is Consumer behavior, the actions that people make when they are purchasing products. The answer is option C, the Commercial behavior of the sports company.

Consumer behavior is the study of individuals, groups, or organizations and all activities related to the purchase, use, and disposal of goods and services. Consumer behavior describes how a consumer's emotions, attitudes, and preferences influence purchasing behavior.

Consumer behavior studies how people buy and use products, services, experiences, and ideas. This is important as it helps companies to understand customers' needs, wants, and desires and develop products accordingly.

Four factors determine the characteristics of consumer behavior: personal, psychological, social, and cultural. All factors have a major impact on consumer behavior and the traits that define a customer change as their lives change.

Question:

A sports fan who was enticed to buy a playing card by an advertisement for a game influenced his consumption behavior

a) Other

b) Essential cultural norms

c) Commercial behavior of the sports company

d) Structure of the sports facilities

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per tila, as implemented by regulation z, what fee would not be considered a finance charge as part of the apr calculation?

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Actual expenses are not kept by lenders (title fees, legal fees, closing costs, property taxes, appraisal fees, recording fees, notary fees, etc.)

How do lenders work?

One who lends money is known as a lender. In many instances, it's a bank, credit union, or corporate body; however, on occasion, it might be a single person, a group of people, or an investor. In many circumstances, lenders can be useful.

Any lender will demand repayment — along with interest — regardless of the purpose for which they are lending you money. The fee for borrowing the money is interest.

Additionally, interest rates, or the amount you pay for a loan, can differ significantly between loans and borrowers. The lender you choose and the interest rate you pay can have a significant impact on your borrowing costs, particularly for mortgage loans.

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when a product is expensive, can have serious personal consequences, or could reflect on one's social image, those considering buying it are likely to

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Those considering buying it are likely to be highly involved pricing is said to have a big impact on customer purchasing decisions since the more expensive a product is, the less of it is sold. In contrast.

Market prices alter in response to changes in supply or demand, which impacts incentives. Higher pricing for a good or service encourage both product to make or sell more of it while also encouraging consumers to buy less of it. Prices can have an impact on manufacturers since they may decide whether or not to increase production in response to increasing supply costs.

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which account was nike's most liquid asset at the most recent balance sheet date? a. cash and equivalents b. common stock c. inventories d. deferred income taxes and other

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The most liquid asset of Nike at the most recent balance sheet date would likely be Cash and Equivalents. So, the correct option is A.

Cash and Equivalents are considered the most liquid asset of a company because they can be easily converted into cash. These assets typically include cash on hand, short-term investments with a maturity of three months or less, and other highly liquid and readily marketable securities.

In comparison, Common Stock represents ownership in a company and is not considered a liquid asset. Inventories are tangible assets that are held for sale, while Deferred Income Taxes and Other represent liabilities that are not due in the short term.

Therefore, Cash and Equivalents is likely to be Nike's most liquid asset at the most recent balance sheet date.

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11. how much manufacturing overhead was applied to job p and how much was applied to job q? (do not round intermediate calculations.)

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Job P was applied a Manufacturing Overhead of $5,000 and Job Q was applied a Manufacturing Overhead of $3,500.

What do you mean by Manufacturing Overhead?

Manufacturing overhead include costs such as utilities, rent, and taxes, as well as depreciation and repairs. Manufacturing overhead also includes labor costs, such as wages and benefits, as well as the cost of materials and supplies used to complete the product. Manufacturing overhead differs from production costs, which are costs associated with the direct production of goods and services. Manufacturing overhead is not directly related to the production process, but is necessary for the production process to take place. Manufacturing overhead is typically allocated to the goods produced, and is often included in the cost of goods sold. Manufacturing overhead is a key component of a company's cost structure and should be closely monitored in order to maintain profitability.

So, The required  Manufacturing Overheads are $5000 and $3500.

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in which type of property does an owner own a percentage of the property common elements in addition to their individual units

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In condominium type of property an owner own a percentage of the property common elements in addition to their individual units.

What is condominium property ?

A condominium is a privately owned apartment building or complex that houses other privately owned apartments. In order to maintain the area, facilities, and other shared resources in excellent working order, condo owners usually pay association fees.

Each unit owner in a condominium is the fee simple owner of a distinct apartment. The purchaser also has an undivided stake in the building's outer walls, roof, swimming pool, and other common features.

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the classified balance sheet for a company reported current assets of $1,623,850, total liabilities of $799,540, common stock of $1,000,000, and retained earnings of $130,260. the current ratio was 2.5. what is the total amount of current liabilities?

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The current ratio is a commonly used financial ratio that measures a company's ability to meet its short-term obligations.

It is calculated as the ratio of a company's current assets to its current liabilities. A current ratio of 2.5 means that for every $1 of current liabilities, the company has $2.5 of current assets. To determine the total amount of current liabilities, we can rearrange the formula for the current ratio as follows:

Current Assets / Current Ratio = Current Liabilities

Using the information provided in the question, we know that the current assets are $1,623,850 and the current ratio is 2.5. Therefore,

Current Liabilities = $1,623,850 / 2.5 = $649,540

So, the total amount of current liabilities for the company is $649,540.

It's important to note that while the current ratio is a useful tool for evaluating a company's short-term financial health, it is just one of many financial ratios and should be considered in conjunction with other financial information such as cash flow, profitability, and long-term debt obligations. Additionally, different industries may have different "normal" ranges for the current ratio, so it's important to consider industry averages when evaluating the current ratio of a company.

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if actual unemployment is 6.2% and the natural rate of unemployment is 4%, cyclical unemployment is: a 6.2%. b 10.2%. c 4%. d 2.2%. e 3.2%

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Cyclical unemployment is d) 2.2%. Cyclical unemployment is a type of unemployment that is directly related to the overall health of the economy, and it tends to rise during recessions and fall during expansions.

Cyclical unemployment refers to the unemployment that occurs as a result of fluctuations in the business cycle, specifically during a recession. It is a type of unemployment caused by a decline in aggregate demand for goods and services, leading to a decrease in economic activity and job opportunities.

The formula for calculating cyclical unemployment is:

Cyclical Unemployment = Actual Unemployment - Natural Rate of Unemployment

Given that the actual unemployment is 6.2% and the natural rate of unemployment is 4%, the cyclical unemployment would be:

Cyclical Unemployment = 6.2% - 4%

Cyclical Unemployment = 2.2%

So, the answer is d) 2.2%

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at the end of killo co.'s first year of operations, 1,000 units of inventory remained on hand. variable and fixed manufacturing costs per unit were $90 and $20, respectively. if killo uses absorption costing rather than variable (direct) costing, the result would be a higher pretax income of a. $0. b. $20,000. c. $70,000. d. $90,000.

Answers

The higher pretax income would be $20,000.

Therefore the answer is b. $20,000.

Absorption costing and variable (direct) costing are two methods used to calculate the cost of producing and selling a product. Absorption costing includes both variable and fixed manufacturing costs in the cost of goods sold. In this method, all manufacturing overhead costs, both variable and fixed, are absorbed into the cost of each unit produced.

Variable (direct) costing, on the other hand, only includes variable manufacturing costs in the cost of goods sold. This method does not include fixed manufacturing overhead costs in the cost of goods sold. Instead, these costs are treated as a separate cost outside of production and are not included in the cost of goods sold.

Under absorption costing, the fixed manufacturing costs are included in the cost of goods sold. So, the cost per unit under absorption costing would be $90 + $20 = $110. The total cost of the 1,000 units of inventory would be $110 x 1,000 = $110,000.

Higher pretax income

= $110,000 - $90,000

= $20,000

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the minimum that a firm has to do to engage in international business is to

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Answer:

The minimum that a firm has to do to engage in international business is to export or import products from other countries

classifying products in categories helps marketers decide how to a product.

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Classifying products into meaningful categories helps marketers decide which strategies and methods will help promote a business's product or service.

What is the importance of classifying products?

Products are categorised into four groups mostly based on consumer purchasing patterns, brand likeness to rival brands, and price range. Marketing personnel can create plans that specifically address the needs of consumers by classifying their items.

Marketing experts divide all consumer goods into four categories: convenience, shopping, speciality, and unsought in order to help design a selling approach.

The first and possibly most crucial stage in import management is classifying products using the appropriate commodity code. These codes provide information to customs officials regarding the importation of products, their admissibility, and any taxes that may be owed. Any importer who classifies goods incorrectly is breaking the law.

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What is the best way to deal with volatility and get the best return on your investment?
A.
Invest only in very safe investments.
B.
Put your money in a savings account.
C.
Avoid investments that create capital gains.
D.
Use diversification.

Answers

The best way to deal with the volatility and get the best return on your investment is to put your money in a savings account. The correct option is b.

What is a savings account?

A Savings Account, by definition, allows you to deposit your money safely with the bank, so you don't have to carry it around with us or hide it in that rusted old steel safe at home. We can withdraw these funds when you need them. There are different types of savings accounts to choose from, and they're not all alike.

The options include traditional savings accounts, high-yield savings accounts, money market accounts, certificates of deposit, cash management accounts and speciality savings accounts.

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which of these is not a high-level corporate planning task? group of answer choices defining the corporate mission assigning resources to each strategic business unit organizing cross-functional product teams building the corporate culture establishing strategic business units

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What are not considered as a high-level corporate planning task are:

defining the corporate mission organizing cross-functional product teams establishing strategic business units

What does high-level corporate planning task mean?

Corporate strategy is the strategy level that is concerned with the entire organization, where decisions are made regarding a company's overall growth and direction. Corporate strategies are arguably the most important and comprehensive level of strategy within an organizational strategy.

Corporate planning is the process of (a) deciding on the company's objectives and goals, including determining which and how many lines of business to engage in, (b) acquiring the resources required to achieve those objectives, and (c) allocating resources among the different businesses so that the objectives are met.

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i. suppose nominal gdp in 2009 does not change (compared its previous level in 2008). given this information, we know with certainty that a) real gdp increased during 2009. b) the gdp deflator increased during 2009. c) both the gdp deflator and real gdp fell during 2009. d) more information is needed to answer this question.

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d) More information is needed to answer this question.

The information provided, that nominal GDP in 2009 was unchanged compared to its previous level in 2008, does not provide sufficient information to determine whether real GDP and the GDP deflator increased, decreased, or remained unchanged during 2009. To determine this, additional information such as inflation rates, price levels, and changes in the level of production of goods and services will be required.

Gross Domestic Product (GDP) is the monetary value of all final goods and services produced within a country's borders in a given period of time, usually a year or a quarter. It is the most widely used measure of a country's economic output and is used to compare the economic performance of different countries and to track changes in a country's standard of living over time. GDP can be calculated in three ways: by adding up all expenses (consumption, investment, government spending, and net exports), by adding up all the income generated (employees compensation, rental income, and profits), or by adding up the value added at each stage of production .

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amounts withheld from each employee for social security and medicare vary by state. group of answer choices true false

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Each state has a different amount that is deducted from each employee for social security and Medicare. false

A person recruited by an employer to perform a certain duty is known as an employee. The salary, number of hours worked, and working conditions of employees are all under the authority of their employers. Employees receive advantages over contractors in return. The dictionary's straightforward definition of "employee" is "a person who works for another in exchange for financial or other compensation." 3 According to that definition, independent contractors would seem to be considered employees. According to common-law principles, anyone who performs services for you is your employee if you have the authority to control what will be done and how it will be done. This still holds true even when you give the employee freedom of action. What matters is that you have the ability.

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Which of these situations can be handled by using the Management Information Systems?
An organization needs different types of managements 1
re business goals smoothly. However, managers, executives, and employees tace
problems and hurdles while running the organization. Sometimes, there are problems in the inventory department. At times, the organization faces
problems with the performance of their products in the market. Decision makers of the organization are not able to take proper decisions. Employees
face technical issues while feeding data into a database.

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The situation that can be handled with the use of the Management Information Systems is: at times, the organization faces problems with the performance of their products in the market. The Option B is correct.

What is the Management Information Systems?

The study of people, technology, organizations, and their relationships is known as management information systems (MIS). MIS specialists assist businesses in getting the most out of their investments in people, technology, and operational procedures. MIS is a people-focused industry with a focus on providing services using technology.

An information system used for decision-making, as well as for the coordination, control, analysis, and visualization of information inside an organization, is known as a management information system. In an organizational setting, people, procedures, and technology are all involved in the study of management information systems.

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