Buyer's remorse is also known as cognitive dissonance.
Buyer's remorse, sometimes known as buyer's guilt, is a sense of regret or uneasiness experienced by a customer after making a purchase, especially a costly one. Buyer's remorse can be accompanied by feelings of guilt, stress, and disappointment. Buyers' remorse is common and usually goes away on its own after a few days.
Cognitive dissonance, often known as psychological discomfort, is a psychological condition characterized by a sense of discomfort or stress caused by the presence of two or more conflicting cognitions. When one's beliefs or behaviors do not align with their expectations or other beliefs, cognitive dissonance arises. The notion of cognitive dissonance was first introduced by Leon Festinger in 1957, and it has since become one of the most well-known principles in psychology.
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if coffee and sugar are complementary goods, then an increase in the price of coffee, other things being equal, will result in
Yes, if coffee and sugar are complementary goods, then an increase in the price of coffee, other things being equal, will result in an increase in the demand for sugar.
Complementary goods are two goods that are often consumed together, such as coffee and sugar.
If the price of one of these goods increases, then the demand for the other good will also increase. This is because when the price of one good increases, people tend to buy more of the other good in order to maintain their desired level of consumption.
For example, if the price of coffee increases, people may choose to buy more sugar to sweeten their coffee, even if the price of sugar does not increase.
Thus, an increase in the price of coffee will result in an increase in the demand for sugar.
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if consumers expect their future real incomes to rise, current consumption spending and the aggregate demand curve shifts to the .
If consumers expect their future real incomes to rise, current consumption spending and the aggregate demand curve shifts to the right.
What is aggregate demand curve?The demand and supply of all products and services produced by an economy are the main topics of discussion in macroeconomics. As a result, the term "aggregate demand" is also used to refer to the total demand for all individual commodities and services. Aggregate supply is the term used to describe the total supply of all separate commodities and services. The aggregate demand and supply for an economy can be represented by a timetable, a curve, or an algebraic equation, much like the demand and supply for individual commodities and services.
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which part of the check is used to write the amount in words? imported asset responses a a b b c c e
The part of the check that is used to write the amount in words is the line labeled "Pay to the order of."
What is a check?
A check is a written order instructing a financial institution to pay a specific amount of money to a particular recipient. Checks are a type of negotiable instrument, which means that they can be legally traded for cash or goods and services.
A check typically has several parts, including the following: Date: The date on which the check was written. Payer's Name: The name of the individual or company who wrote the check. Payee's Name: The name of the person or entity who will receive the money.
Amount in Digits: The amount of money to be paid in numerical format. Amount in Words: The amount of money to be paid in written format. Signature: The signature of the person who wrote the check.
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In addition to a wide variety of other regulatory activities, FINRA performs market regulation under contract to
The SEC authorizes FINRA to perform a number of market regulatory activities under contract.
What is FINRA?FINRA (Financial Industry Regulatory Authority) is a self-regulatory organization in the United States that oversees financial market participants.
FINRA was created in 2007 as a consolidation of the regulatory units of the New York Stock Exchange and the National Association of Securities Dealers, with the aim of making the regulation of securities companies more efficient and effective.
FINRA's responsibilities include registration and training of brokers, dispute resolution, and market regulation. The SEC authorizes FINRA to perform a number of market regulatory activities under contract.
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hat applywhich of the following are advantages to television advertising? (check all that apply.)multiple select question.ability to work with dvr recordersability to demonstrate a product in useability to target specific marketsrelatively low cost compared to other forms of advertisingability to combine various senses to appeal to consumers
The following that are advantages to television advertising is the ability to work with DVR recorders (option a).
One advantage of television advertising is its ability to demonstrate a product in use. This is particularly important for products that are difficult to explain through text or images alone.
Television advertising also offers the ability to target specific markets at a relatively low cost compared to other forms of advertising.
They can also use demographic data to target their ads to specific age groups, genders, or income levels. By doing so, businesses can maximize their advertising dollars by reaching the people who are most likely to be interested in their products or services.
In conclusion, television advertising offers several advantages for businesses looking to promote their products or services. From demonstrating a product in use to targeting specific markets, television advertising can be a cost-effective way to reach a wide audience and create a lasting impression.
Do, the correct option is (a).
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when there has been a change in an accounting principle by a public company, but the effect of the change on the comparability of the financial statements is not material, the auditor should
When there has been a change in an accounting principle by a public company, but the effect of the change on the comparability of the financial statements is not material, the auditor should include a footnote to the financial statements to describe the change.
The Statement on Auditing Standards (SAS) No. 22, “Planning and Supervision” mandates that “the auditor should obtain an understanding of the accounting principles and practices of the entity, including the methods of applying the principles and the significant accounting estimates made by management.
The auditor should also obtain an understanding of the effects of significant accounting principles and practices related to the industry in which the entity operates.”
Moreover, the SAS No. 22 also requires that “the auditor should be alert for changes in accounting principles or practices used by the entity and should investigate the circumstances surrounding such changes.
The auditor should evaluate the appropriateness of such changes in relation to the particular circumstances and should determine whether adequate disclosure has been made in the financial statements.”
The Financial Accounting Standards Board (FASB) is the body responsible for setting generally accepted accounting principles (GAAP) in the United States.
The FASB establishes GAAP through the issuance of Statements of Financial Accounting Standards (SFASs), which must be adhered to by publicly held corporations, both foreign and domestic. When a change occurs in accounting principles, publicly held corporations must inform their stakeholders by including explanatory notes in their financial statements.
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Complete question
When there has been a change in an accounting principle by a public company, but the effect of the change on the comparability of the financial statements is not material, then what should a auditor do?
the income elasticity of demand for jelly beans is 3. what is the correct interpretation of this number?
The income elasticity of demand for jelly beans is 3. This means that jelly beans are an elastic good. Elastic goods are those goods that show a higher percentage change in demand for a given percentage change in income. The formula for calculating the income elasticity of demand is:
Income Elasticity of Demand (Ey) = % change in quantity demanded / % change in income
If the income elasticity of demand is greater than 1, then the good is considered elastic. If it is less than 1, then the good is considered inelastic. If the income elasticity of demand is equal to 1, then the good is considered unit elastic. In this case, the income elasticity of demand for jelly beans is 3, which means that they are an elastic good.
The income elasticity of demand for jelly beans indicates that the demand for jelly beans is highly responsive to changes in income. In other words, as income increases, the demand for jelly beans also increases at a much higher rate. Similarly, if there is a decrease in income, then the demand for jelly beans would also decrease at a much higher rate. This means that jelly beans are considered to be a luxury good, as people tend to buy more of them when they have more disposable income.
In conclusion, the income elasticity of demand for jelly beans being 3 indicates that they are an elastic and luxury good. This means that the demand for jelly beans is highly responsive to changes in income, and people tend to buy more of them when they have more disposable income.
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what statement best describes this situation? i have a mortgage on my television. my television is collateral for my loan. i'll be in mortgage default if i don't pay my loan payments.
For the given situation regarding the financing of the television, the best description is that 'my television is collateral for my loan'. Therefore Option B is correct.
Based on the situation, you buy a $2000 television from a store. They agree to finance the television for you. The contract says they can take the television back if you don't pay. Hence, the TV is considered collateral for the loan.
In finance, collateral refers to a type of asset that an individual or business pledges to a lender as security for a loan. Collateral may be required by lenders to reduce their risk and to help ensure that the borrower will repay the loan.
There are several types of collateral, including Real estate (such as property or land), Vehicles (such as cars or trucks), Investment accounts (such as stocks or bonds), Equipment (such as machinery or tools), and Receivables (such as outstanding invoices or payments owed by customers).
When a borrower uses collateral to secure a loan, the lender has the right to take possession of the asset if the borrower fails to repay the loan. The value of the collateral is used to pay off the remaining balance of the loan.
A mortgage is a type of loan that is used to purchase property or real estate and does not apply to electronics. Hence, in the case of an electronics, option B is correct.
Note: The question is incomplete. The complete question probably is: Situation: You buy a $2000 television from a store. They agree to finance the television for you. The contract says they can take the television back if you don't pay. What statement best describes this situation? A) I have a mortgage on my television. B) My television is collateral for my loan. C) I'll be in mortgage default if I don't pay my loan payments.
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true or false: when units produced are less than units sold, net income under absorption costing will be less than net income computed under variable costing. true false question. true false
The given statement- when units produced are less than units sold, net income under absorption costing will be less than net income computed under variable costing is true because absorption costing is a management accounting technique that considers all manufacturing costs while calculating the cost of goods sold.
This involves two categories of expenses: variable and fixed. Direct labor, direct material, and overhead are the three main manufacturing costs included in the variable expense category, whereas fixed expenses include expenses such as rent, utility bills, and insurance premiums. Companies will use this strategy to estimate the complete cost of manufacturing an item.
Variable costing is a technique that considers only the manufacturing costs that vary with production volume while computing the cost of goods sold. Direct labor, direct material, and variable overhead are the three primary manufacturing costs included in this strategy. Fixed costs are not included in the cost of goods sold calculation, but they are instead classified as period costs and charged as operating expenses during the period. This plan is based on the assumption that fixed costs are non-essential expenditures that should be charged in the period in which they are incurred.
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in which managerial task are work relationships structured to facilitate the interaction and cooperative efforts of organizational members, all of whom strive to achieve organizational goals? group of answer choices planning leading reviewing controlling organizing
While planning, leading, reviewing, and controlling are also important managerial tasks, organizing specifically focuses on structuring the work relationships and creating the framework for the organization to function effectively.
What is Origination?
In finance, origination refers to the process of creating a new loan or other financial product. It involves gathering information about the borrower, evaluating their creditworthiness and ability to repay, and establishing the terms and conditions of the loan or financial product.
Origination can also refer to the process of issuing a new security, such as a bond or stock, in the capital markets. In this case, the process involves underwriting, which is the process of evaluating the risks and setting the price of the security to be issued.
Organizing involves designing the structure of the organization and creating systems and processes to facilitate the coordination and collaboration of employees towards the achievement of the organization's goals. This includes defining roles and responsibilities, establishing reporting relationships, allocating resources, and creating communication channels.
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at the point of equilibrium shown in the graph, how many slices of pizza will the pizzeria supply, and at what price?
400 slices at prize of $2.50
At the point of equilibrium shown in the graph, the pizzeria will supply 400 slices of pizza at a price of $2.50.What is Equilibrium?Equilibrium is the point at which the supply of a good meets the demand for it. This means that the quantity demanded of a good is equal to the quantity supplied at the equilibrium price. The equilibrium price and quantity are determined by the intersection of the supply and demand curves.Supply and demand curves can be used to represent a market. A market is any system or platform where buyers and sellers interact with each other. In this context, buyers represent the demand, and sellers represent the supply of goods or services.What is Supply?Supply is the total amount of a good or service that a firm is willing and able to produce and sell at a given price. This is because, as the price of a good increases, the quantity supplied of that good increases as well. This is because firms are more willing to produce and sell goods that are more profitable.What is Price?Price is the amount of money that is charged for a good or service. In general, prices are determined by the interaction of supply and demand. When the quantity supplied of a good is greater than the quantity demanded, the price of that good will fall. When the quantity demanded of a good is greater than the quantity supplied, the price of that good will rise.
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Paul is the owner of Paul's Cabinets, which is a sole proprietorship. The firm cannot pay its bills because a large customer defaulted on payment. Which one of the following statements is correct given this situation? (Points : 3) O The creditors of Paul's Cabinets can only collect payment if Paul's Cabinets receives payment from its customer. O The only course of action the creditors of Paul's Cabinets has is to sell the assets of Paul's Cabinets. O The creditors of Paul's Cabinets can assume the assets of Paul's Cabinets, but only in an amount that exceeds Paul's investment in the firm.
The creditors of Paul's Cabinets cannot assume the assets of Paul's Cabinets or sell the assets, since it is a sole proprietorship. The only course of action the creditors of Paul's Cabinets have is to collect payment from the large customer that defaulted on payment.
The creditors cannot force the customer to pay, so the only option for them is to wait for the customer to pay the debt or have the customer enter into a payment plan. Paul's Cabinets will be responsible for any unpaid debts, and the creditors can take legal action against Paul if the debt is not paid off.
The creditors may also negotiate with the customer to accept partial payments until the full amount is paid. In any case, the creditors of Paul's Cabinets can only collect payment if Paul's Cabinets receives payment from its customer.
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suppose that you enter into a short futures contract to sell july silver for $27.20 per ounce. the size of the contract is 5,000 ounces. the initial margin is $4,000, and the maintenance margin is $3,000. what change in the futures price will lead to a margin call? what happens if you do not meet the margin call? the price of silver must drop to $27.00 per ounce for there to be a margin call. if the margin call is not met, your broker closes out your position. the price of silver must rise to $27.40 per ounce for there to be a margin call. if the margin call is not met, your broker closes out your position. the price of silver must rise to $27.40 per ounce for there to be a margin call. if the margin call is not met, the position remains open until the margin declines to $0.0. the price of silver must drop to $26.20 per ounce for there to be a margin call. if the margin call is not met, your broker closes out your position
A margin call occurs when the value of the margin account goes below the minimum maintenance margin.
In the example given, if the price of silver drops to $27.00 per ounce, a margin call will be issued. A margin call requires you to deposit more money into the margin account to bring it back above the maintenance margin level. If the margin call is not met, your broker will close out your position.
This means that the broker will sell your futures contract, and the proceeds will be used to pay off the remaining debt. You will lose the amount of the maintenance margin, as well as any additional losses that have occurred since entering the contract.
It is important to be aware of margin calls and the risks associated with trading futures. The initial and maintenance margins can vary significantly depending on the size of the contract, and margin calls can occur quickly if the price of the underlying asset moves significantly.
It is also important to be aware of the differences between initial and maintenance margin calls. An initial margin call requires you to meet the initial margin requirement before you can enter the contract. A maintenance margin call requires you to meet the maintenance margin requirement before the position can remain open.
It is important to remember that margin calls are an inherent risk when trading futures and can lead to significant losses. By understanding the requirements and risks associated with margin calls, traders can manage their positions and avoid potential losses.
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lexie's income put her in the third tax bracket (25%) last year. during that year, she earned $250 in dividends and $325 in coupons on a municipal bond. five years ago, she purchased a common stock for $475. she sold the same stock last year for $632. what is the total lexie will pay in taxes on last year's investments? (2 points)
The total amount of taxes Lexie will pay on last year's investments is $103.25. Income from dividends and municipal bond coupons are both considered taxable income, so the $250 in dividends and the $325 in coupons on a municipal bond will be taxed.
Since Lexie's income puts her in the third tax bracket, 25%, she will have to pay $87.50 on the dividends and $15.75 on the municipal bond coupons, for a total of $103.25.
In regards to the common stock, Lexie will have to pay taxes on any capital gains she made on the sale. Capital gains are the difference between the purchase price and the sale price. In this case, Lexie purchased the common stock for $475 and sold it for $632.
This means that the capital gain is $157. Since Lexie is in the third tax bracket, the tax rate is 25%, so the amount she will have to pay in taxes is $39.25.
Therefore, the total amount of taxes Lexie will pay on last year's investments is $103.25.
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Suppose that you are part of Alpha Pi Omega, a service fratemity that is dedicated to doing good in your community. Recently, your chapter has been trying to decide on a new project for the upcoming year. There are three possibilities. You could relandscape the grounds of your local library, so people would have a nice place outdoors to read. You could also start a book drive to replace books lost in a fire at your local elementary school. Finally, you could work with Meals on Wheels in your county to deliver food to the elderly who can't go to the grocery store. You strongly feel that the best choice would be to run the book drive. In order to make it more likely that your chapter will plck that option, you talk with a number of other fraternity members and get them to agree with you. Luckily, you also find out that another chapter of your fraternity has done something similar, and they achieved grateful recognition from their community, So you bring this fact to the attention of all of your fellow fraternity members. ul has done something similar, and t grateful recognition from their ion of all of your fellow fraternity
To urge other fraternity members to make a book drive their new endeavour, emphasise the significance of education, adhere to the fraternity's principles, share a triumph, and allay fears.
What made you decide to join Alpha Phi Omega?connecting with people from all around the world, making friends for life, and, of course, discovering your passion for service. Each university has its own unique APO membership requirements.
What is Alpha Phi Omega trying to accomplish?College students came together in an organisation centred on fraternalism and founded on the ideas of the Boy Scouts of America to form Alpha Phi Omega, a National Coed Service Fraternity. Its goals are to foster friendship, develop leadership, and serve humanity.
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the country of middleterra has 200 people, 100 of them are working, and the real gdp is $5,000. what is the per capita income in middleterra?
The country of Middleterra has 200 people, 100 of them are working, and the real GDP is $5,000. The per capita income in Middleterra is $25.
This is because the per capita income is defined as the total economic output divided by the number of people in the population. It is a measure of a country's standard of living. A country's total GDP divided by its population equals its per capita GDP. To calculate per capita GDP, divide real GDP by the country's total population.
It is calculated by dividing the country's total GDP by its population. It is calculated by dividing the country's total GDP by its population. It gives the average economic productivity for each person in the country.
The per capita income is the average income per person in a specific area or country. It is calculated by dividing the total income earned by a population by the number of individuals who reside there. The measure of economic prosperity is measured by the per capita income.
It is determined by dividing the total economic output of a country by its population. It is a measure of the country's standard of living, which is determined by the amount of goods and services available to its people.
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which of the following are factors in the ethical decision-making model? (select three) a. organizational factors b. employee benefits packages c. internal control d. individual factors e. ethical issue intensity
The factors in the ethical decision-making model are
(a) organizational factors, (d) individual factors, and (e) ethical issue intensity.What is ethical decision-making modelThe ethical decision-making model is a framework for making moral or ethical decisions. It is a step-by-step process that helps individuals or groups identify, analyze, and resolve ethical dilemmas in a structured and systematic way. The model typically consists of the following steps:
Identify the problem: Recognize that there is an ethical issue or dilemma.
Gather information: Collect all the relevant facts and information related to the issue.
Identify the stakeholders: Determine who is affected by the decision and consider their interests and values.
Evaluate alternatives: Consider various options for resolving the issue and evaluate the consequences of each.
Employee benefits packages and internal control are not typically included in the ethical decision-making model.
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in the eyes of an average consumer with no knowledge in nutrition, what is the biggest con (or negative) about myplate?
One potential negative aspect of MyPlate from the perspective of an average consumer with no knowledge in nutrition is that it may oversimplify dietary recommendations.
MyPlate provides a basic visual representation of a healthy diet, with five food groups and general portion sizes, but it does not take into account individual differences in age, sex, activity level, or health status.
Additionally, MyPlate does not address specific concerns such as food allergies, intolerances, or chronic conditions that may require dietary modifications.
While MyPlate is a useful tool for promoting overall healthy eating habits, it is important for consumers to also consult with a healthcare professional or registered dietitian for personalized nutrition advice.
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suppose that a typical household in the united states has an average after-tax income of $41,100. the circle graph below represents how this annual income is spent. (note: it is because of rounding that the percents do not add up to 100.) how much more is spent on insurance/pensions than on health care?
The $5,343 more is spent on insurance/pensions than on health care.
In order to find out the difference between the amount spent on insurance/pensions and health care, we need to determine the actual amount spent on each category using the given information. According to the circle graph, the percentage of the average household's after-tax income that is spent on each category is as follows:
Food: 14%
Housing: 34%
Transportation: 18%
Health care: 8%
Entertainment: 5%
Insurance/Pensions: 21%
Other: 1%
To find the actual amount spent on each category, we can multiply the percentage by the total after-tax income of the household: $41,100 * 0.08 = $3,288 spent on health care$41,100 * 0.21 = $8,631 spent on insurance/pensions. The difference between the amount spent on insurance/pensions and health care is:$8,631 - $3,288 = $5,343Therefore, $5,343 more is spent on insurance/pensions than on health care.
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Financial markets facilitate the transfer of excess funds from those who have them to those who need them.In the following table, determine whether each financial market participant is a surplus unit or deficit unit.Suppose Green Network Energy needs to raise money to finance its new manufacturing facility, but their CFO does not want to part with any of thefirm's equity. In this case, Green Network Energy would likely issue _____ securities to obtain the funding. Which of the following are ways that Green Network Energy could obtain funds to finance the expansion of its operations, given its stated preferencein the previous question? Check all that apply.• Issue corporate bonds• Issue common stocks• Issue commercial paper• Issue preferred stocks
Green Network Energy could obtain funds to finance the expansion of its operations by issuing corporate bonds, commercial paper, and preferred stocks.
Corporate bonds are debt securities issued by corporations to finance their operations and growth. The company typically pays a fixed rate of interest on the bonds and must repay the principal when the bond matures. Commercial paper is an unsecured debt instrument issued by corporations to finance short-term needs. It is usually only issued for a period of 9 months or less.
Preferred stocks are securities that give shareholders a fixed dividend and preference over common stockholders in the case of liquidation. In addition, preferred stocks are typically less volatile than common stocks. As Green Network Energy stated they don't want to part with any of their equity, they could raise funds by issuing the above mentioned securities.
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fiona opened a retirement account that has an annual rate of 2.2%. she is planning on retiring in 20 years. how much must she deposit into that account each year so that she can have a total of $600,000 by the time she retires?
Fiona must deposit $23,905.05 into her retirement account each year in order to have $600,000 by the time she retires in 20 years.
This calculation is based on the following formula:
Future Value = Present Value (1 + Interest Rate)^Number of Years
In this case, the Future Value is $600,000, the Present Value is $0, the Interest Rate is 2.2% (0.022), and the Number of Years is 20. Plugging these values into the formula, we get:
$600,000 = $0 (1 + 0.022)^20
Solving for Present Value, we get:
$0 = $600,000 (1 + 0.022)^-20
Dividing both sides by (1 + 0.022)^-20, we get:
$23,905.05 = $600,000 (1 + 0.022)
Therefore, Fiona must deposit $23,905.05 into her retirement account each year in order to have $600,000 by the time she retires in 20 years.
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on march 4, tonkawa law asks green lawn services for basic lawn maintenance totaling $200. green lawn provides maintenance on march 8, and tonkawa pays for the lawn maintenance on march 12. under accrual-basis accounting, on which date should tonkawa record an increase in accounts payable? multiple choice march 4 (date of request). march 8 (date of lawn maintenance service). march 12 (date of cash payment). none of the choices are correct.
According to accrual-basis accounting, on which date should Tonkawa record an increase in accounts payable?
The answer is March 8.
Accrual accounting refers to an accounting method that takes into account revenue and expenses as they are earned or incurred, respectively, regardless of when they are received or paid.
In the given case, Tonkawa Law requested Green Lawn Services to provide basic lawn maintenance on March 4. Green Lawn provided maintenance on March 8, and Tonkawa paid for the lawn maintenance on March 12.
As the service was provided on March 8, it is the appropriate date to record an increase in accounts payable.
Hence, the correct answer is "March 8 (date of lawn maintenance service)".
Option A: "March 4 (date of request)" is incorrect because it is not the date on which services were provided.
Option B: "March 8 (date of lawn maintenance service)" is the correct answer as discussed above.
Option C: "March 12 (date of cash payment)" is incorrect because cash payment does not signify the date on which the payable was created.
Option D: "None of the choices are correct" is incorrect because the correct option is mentioned above.
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suppose the interest rate is 7.1% apr with monthly compounding. what is the present value of an annuity that pays $95 every six months for seven years?
The present value of an annuity that pays $95 every six months for seven years is $1,071.87.
The present value of the annuity is calculated by multiplying the periodic payments by the present value of an annuity factor. This factor takes into account the periodic payments, the interest rate, and the length of the annuity period. In this example, the interest rate is 7.1% APR with monthly compounding. The present value of an annuity factor for this situation is 3.8156. Multiplying the payment amount of $95 by 3.8156 gives the present value of the annuity as $1,071.87.
To better understand how the present value of an annuity is calculated, consider the cash flows of the annuity over the seven-year period. Each payment of $95 is discounted back to its present value at the 7.1% APR rate. The present value of each payment is then summed up to give the total present value of the annuity.
Therefore, the present value of an annuity that pays $95 every six months for seven years is $1,071.87.
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when the central bank decides it will sell bonds using open market operations: group of answer choices the money supply is unaffected. interest rates decrease. the money supply decreases. the money supply increases.
When the central bank sells bonds using open market operations, money supply decreases (fourth option)
What is a contractionary monetary policy?Monetary policy are policies taken by the central bank of a country to affect the supply of money using its policy tools. The policy tools at the disposal of the Central bank are open market operations and the reserve requirement.
Contractionary monetary policy are policies taken to reduce the supply of money. When the Central bond sells bonds, the public pay for it with their money and this would reduce the money supply. When money supply declines, the interest rate would increase.
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Joe's Camera shop has a favorite model that has monthly sales of 12. The cost to place an order to replenish inventory is $25 per order, and annual inventory holding cost per unit is $20. Assume the store is open 350 days per year. Lead time is 10 days. Cost per unit is .5
a. What is the optimal order size?
b. What is the optimal number of orders per year?
c. What is the optimal number of days between orders?
d. What is the annual holding cost? $
e. What is the total cost, including the cost of the units? $
(a) Optimal order size = 19 units(b) Optimal number of orders per year = 8 orders(c) Optimal number of days between orders = 282 days(d) Annual holding cost = $190(e) Total cost, including the cost of the units = $1935.5
What is the calculation?Annual inventory holding cost per unit is $20.Store is open 350 days per year.
Lead time is 10 days.
Cost per unit is 0.5
The demand rate (D) for the model can be calculated as:
D = Monthly demand × 12D = 12 × 12D = 144 units per year
The ordering cost (S) is given as $25 per order.
The holding cost (H) per unit per year is given as $20.Cost per unit (C) is given as $0.5
Calculations optimal order size
(Q)Q = sqrt((2DS)/H)
Q = sqrt((2×144×25)/20)
Q = sqrt(360)Q = 18.97 ≈ 19 units
The optimal order size is 19 units.
optimal number of orders per year
The optimal number of orders per year can be calculated as:
No of orders = (D/Q)No of orders = 144/19
No of orders = 7.57 ≈ 8 orders
The optimal number of orders per year is 8 orders.
optimal number of days between orders
The optimal number of days between orders can be calculated as:
D = (D/No of orders) × (Lead time + No of days open)
Q = (144/8) × (10 + 350)Q = 2250/8Q = 281.25 ≈ 282 days
The optimal number of days between orders is 282 days.
Annual holding cost can be calculated as:
Annual holding cost = Q/2 × H
Annual holding cost = 19/2 × 20
Annual holding cost = $190The annual holding cost is $190.
Total cost (TC) can be calculated as:
TC = (D/Q)S + (Q/2)H + D
Cost per unit (C) is given as $0.5
So, TC = (144/19) × 25 + (19/2) × 20 + (144 × 0.5)
TC = 1935.5
The total cost, including the cost of the units, is $1935.5.
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if firms set prices with specific consideration of firms challenging them directly for customers, they have adopted a
Firms that set prices with specific consideration of firms challenging them directly for customers have adopted a strategy of price discrimination.
Price discrimination occurs when different consumers are charged different prices for the same product or service. This strategy is typically used by firms that have a significant market share and can raise prices beyond the level of other firms. By setting different prices for different consumers, firms can maximize their profits.
This is because they are able to charge a premium to consumers who are willing to pay more and a discount to those who may not be able to afford higher prices. Price discrimination also allows firms to target different groups of consumers.
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What is the difference between the Start Up plan and the Occupational Plan? Which statement is correct
The Occupational Plan tells where you want and plan to start the busines
Occupational Plan describes in detail how your business will operate
Start Up Plan- explains why you chose the business frame and location
Start Up Plan- Includes diagrams of production or areas of service
The difference between Start Up plan and Occupational Plan is that the Start Up Plan explains why you chose the business frame and location, whereas the Occupational Plan describes in detail how your business will operate. The correct statement is option B.
A start-up plan is a strategic plan for starting a new company. The document usually includes an executive summary, market research, product or service offerings, and revenue projections. The start-up plan is a blueprint that outlines how a new business will get off the ground and achieve success.An occupational plan is a document that outlines an individual's career objectives, interests, and aspirations. The document outlines an individual's career goals and how they plan to achieve them, taking into account their education, training, and experience. An occupational plan is a roadmap for an individual's career growth and development. It typically outlines short- and long-term goals, including the steps required to achieve those goals. It may also include information about an individual's strengths, weaknesses, opportunities, and threats.Therefore, the correct option is B "Occupational Plan describes in detail how your business will operate."Learn more about start-up plan: https://brainly.com/question/28303018
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as a project manager, you decide to use a continuous improvement framework to help you measure success. the framework you choose has a step that involves conducting performance metrics and data collection to establish baselines. which framework does this describe?
The framework you select contains a step that entails gathering baseline data and conducting performance metrics. The framework described here is DMAIC.
You choose to employ a continuous improvement framework as a project manager to assist you in determining success. To monitor a project's development and performance, project metrics are utilized. For team leaders, keeping track of a project's productivity, schedule, and scope makes it simpler to see what's on track.
To meet the demands of their clients as a project develops, managers require access to shifting budgets or timelines. For complicated projects that take place in rapidly changing environments, XPM: Extreme project management was developed. Stakeholder management is emphasized since plans and timetables are always changing. Scrum: A similar framework was created.
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suppose aggregate demand is currently ad1. what open market operation is the appropriate counter-cyclical operation, in this case?
The appropriate counter-cyclical operation in this case when aggregate demand is currently AD1 is to apply an Open market sale to decrease the quantity of money in circulation in the economy.
Aggregate demand is a measure of the overall demand for goods and services in the economy. It shows the amount of real output that buyers are willing and able to purchase at each possible price level.
This figure is calculated by combining consumer spending, investment, government spending, and net exports (exports minus imports). Open market operations are a monetary policy tool used by central banks to control the supply of money in an economy.
It is a process that involves the purchase and sale of government securities, such as treasury bills or bonds, by a central bank. When the central bank wants to increase the supply of money in circulation, it will buy government securities from banks, injecting cash into the system, and vice versa.
When aggregate demand is AD1, it means that the economy is running below capacity, which could lead to higher unemployment and underutilization of resources.
In this scenario, the appropriate counter-cyclical operation would be to apply an Open market sale to decrease the quantity of money in circulation in the economy.
This would increase the value of the currency, making exports less competitive and discouraging imports, which would in turn reduce aggregate demand, bring prices down and increase the economy's output.
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which are true regarding recording purchases with discount terms using the net method? (check all that apply.)
The true statement regarding recording purchases with discount terms using the net method are:
a. if the purchase is paid within the discount period, Accounts Payable is debited and Cash is credited for the discounted costb. the purchase is first recorded at the discounted costWhat is recording of purchases with discount terms?Recording purchases with discount terms involves recording the purchase of goods or services at a discounted price in the company's accounting records. When a vendor offers a discount, it typically represents a reduction in the price for early payment.
For example, a vendor may offer a 2% discount if an invoice is paid within 10 days of receipt. To record the purchase, the company would first record the gross amount of the purchase in the accounts payable account. When the payment is made within the discount period, the company can then record the discount as a reduction in the amount owed to the vendor.
Full Options "a. if the purchase is paid within the discount period, accounts payable is debited and cash is credited for the discount cost b. the purchase is first recorded at the discount cost c. All of the above"
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