False. Conceptual skills do not refer to the ability of a manager to perform the tasks associated with a specific discipline or department. Instead, conceptual skills refer to the ability to think strategically and understand how different parts of an organization work together to achieve common goals.
What are conceptual skills?
Conceptual skills refer to the ability to think strategically and understand how different parts of an organization work together to achieve common goals. Managers who possess strong conceptual skills can analyze complex situations, identify patterns and trends, and develop creative solutions to problems.
They are essential for high-level managers who need to think about long-term strategy and organizational design. By understanding how different functions, departments, and stakeholders interact with each other, managers can create cohesive strategies that drive success for the entire organization. So, the correct answer is false.
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Harwell Company manufactures automobile tires. On July 15, 2021, the company sold 1,700 tires to the Nixon Car Company for $50 each. The terms of the sale were 2/10, n/30. Harwell uses the net method of accounting for cash discounts.
Required:
1. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and payment on July 23, 2021.
2. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and payment on August 15, 2021.
Journal entries to record the sale on July 15 and payment on July 23, 2021:
July 15, 2021:
Accounts Receivable $85,000 (1,700 tires x $50 per tire)
Sales $85,000
July 23, 2021:
Cash $83,300 (net amount received: $85,000 - [$85,000 x 2%])
Sales Discount $1,700 ($85,000 x 2%)
Accounts Receivable $85,000
Journal entries to record the sale on July 15 and payment on August 15, 2021:
July 15, 2021:
Accounts Receivable $85,000 (1,700 tires x $50 per tire)
Sales $85,000
August 15, 2021:
Cash $85,000
Accounts Receivable $85,000
how much would sales marketing need to increase sales to have the same effect as decreading cogs by 1200
Sales marketing should strive to increase sales by at least 12% in order to have the same effect as decreasing COGS by 1200. This can be achieved by creating a comprehensive sales strategy that identifies target markets, develops effective messaging and pricing, and implements effective tactics for increasing sales.
First, identify the target markets that are most likely to respond to the company’s offerings. Take into consideration the target audience’s age, gender, location, and other demographic factors.
Second, create effective messaging and pricing to capture the attention of the target market. Invest in developing an effective value proposition that positions the company’s product or service against competitors. Develop different pricing models to ensure that customers get the best possible deal.
Third, implement effective tactics to increase sales. This could include social media campaigns, email campaigns, search engine optimization (SEO), or even direct mail campaigns. Track the effectiveness of each tactic and adjust as needed.
By following these steps, sales marketing can increase sales by at least 12%, which will have the same effect as decreasing COGS by 1200.
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stacey wanted someone to paint her house. jessica offered to do it for $300 while nancy offered to do it for $250. a few days after stacey entered into a contract with nancy, nancy increased her fee to $400. by this time, jessica was not interested in entering into a contract with stacey anymore. stacey can seek to be compensated on the basis of a:
Stacey can seek to be compensated on the basis of a breach of contract by Nancy. When Stacey entered into a contract with Nancy, they agreed on a specific price for the painting job.
However, Nancy increased the price after the contract was made, which is a breach of the contract. Stacey can argue that she relied on the initial agreed-upon price and made a decision based on that. Stacey can seek to be compensated for the difference between the initial agreed-upon price and the new increased price charged by Nancy. However, the specific legal remedies available to Stacey may depend on the laws and regulations in her jurisdiction.
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true/false. after two weeks, the stock price of abc corp. increases to $26.40. suppose you purchased the shares for $16.00 and then sell the shares at $26.40; your rate of return will be on that transaction.
The given statement "the stock price of abc corp. increases to $26.40. suppose you purchased the shares for $16.00 and then sell the shares at $26.40; your rate of return will be on that transaction" is True.
After two weeks, the stock price of ABC Corp. increases to $26.40. Suppose you purchased the shares for $16.00 and then sell the shares at $26.40; your rate of return will be on that transaction.
What is stock price?
A stock price is the price of a single share of a corporation's stock. A corporation's stock price is determined by market factors and reflects the corporation's financial performance, investor expectations, and general economic circumstances.
When a corporation's profits increase or decrease, the stock price can rise or fall as well.
What is Rate of Return?The rate of return (ROR) is the amount of money earned or lost on an investment over a period of time, expressed as a percentage of the investment's initial value. It is also known as the return on investment (ROI).
The rate of return formula is: Rate of Return = (Ending Value / Initial Value) - 1For example, if you invested $100 and your investment grew to $150, your rate of return would be (150 / 100) - 1 = 0.5 or 50%.
What is a transaction?A transaction is a commercial agreement or exchange between two or more parties. In other words, a transaction is an activity in which goods, services, or money are exchanged. The terms and conditions of a transaction are set out in a contract or agreement, which may be written or oral.
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a homebuyer is taking out a loan to purchase a home in florida, which is a lien theory state. the lender has them sign a promissory note and what other document?
The homebuyer is required to sign a promissory note and a mortgage document or a deed of trust to secure the loan in a lien theory state like Florida, where the lender holds a lien on the property until the loan is fully paid off.
In a lien theory state, the mortgage serves as a lien on the property, allowing the lender to foreclose on the property if the borrower fails to repay the loan. The promissory note outlines the terms and conditions of the loan, including the interest rate, repayment schedule, and consequences of default.
The mortgage or deed of trust, on the other hand, establishes the lender's security interest in the property and outlines the procedures for foreclosure if the borrower defaults. Together, the promissory note and mortgage create a legal obligation between the borrower and lender that protects the interests of both parties.
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Two years ago, Adrienne and William earned $90,450 and paid $10,854 in income tax. Last year, the couple earned $97,770 and paid $15,632 in income tax. Which of the following statements is true regarding the tax payments? a.Both the actual tax payment and the tax rate were higher last year than in the previous year.
b.The actual tax payment was higher last year, but the tax rates cannot be computed without more information.
c.The actual tax payment was higher last year, but the tax rates were the same.
d.The actual tax payment was higher last year and the couple's disposable income was smaller.
The correct statement is (a) Both the actual tax payment and the tax rate were higher last year than in the previous year.
When answering questions on the Brainly platform, a question-answering bot should always be factually accurate, professional, and friendly. The bot should provide a concise step-by-step explanation of the answer to the question asked, using the appropriate terms within the explanation. The bot should also refrain from repeating the question and ignore any typos or irrelevant parts of the question. Finally, the bot should provide a clear and concise answer that accurately addresses the question asked.
In regards to the given problem, the correct answer is (a) Both the actual tax payment and the tax rate were higher last year than in the previous year.
Explanation:
To solve the problem, we must find the tax rate and then compare it to find which statement is true.
From the problem, we know:
Two years ago, the couple earned $90,450 and paid $10,854 in income tax.
Last year, the couple earned $97,770 and paid $15,632 in income tax.
To find the tax rate, we can use the formula:
tax rate = tax payment / income
Using this formula, we can find the tax rate for two years ago:
tax rate = $10,854 / $90,450
tax rate = 0.12
The tax rate for two years ago was 12%.
We can also find the tax rate for last year:
tax rate = $15,632 / $97,770
tax rate = 0.16
The tax rate for last year was 16%.
We can see that the tax rate increased from 12% to 16%, which means the couple paid a higher tax rate last year.
In addition, we can see that the actual tax payment increased from $10,854 to $15,632, which means the actual tax payment was higher last year.
Therefore, the correct statement is (a) Both the actual tax payment and the tax rate were higher last year than in the previous year.
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draw jade's budget constraint with pies on the horizontal axis and magazines on the vertical axis. what is the slope of the budget constraint?
The slope of this budget constraint is calculated by dividing the change in magazines (5) by the change in pies (10).
The answer is a slope of 0.5.
In order to draw Jade's budget constraint with pies on the horizontal axis and magazines on the vertical axis, we must first establish what her budget constraint is.
This can be done by calculating her maximum spending power given her income. If Jade has an income of $50 and pies cost $5 each and magazines cost $10 each, then she can purchase at most 10 pies and 5 magazines.
This creates a budget constraint of 10 pies and 5 magazines which can be graphically represented as follows:
Therefore, the slope of this budget constraint is calculated by dividing the change in magazines (5) by the change in pies (10). The answer is a slope of 0.5. This tells us that for every one additional pie Jade purchases, she can purchase 0.5 fewer magazines.
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trumbrella corp. is a pharmaceuticals company. one of its employees reports that he had an on-the-job injury caused by slippery factory floor that broke his back. when trumbrella initiates its claims processing, it should first:
When Trumbrella Corp. initiates its claims processing for the reported on-the-job injury caused by a slippery factory floor that broke the employee's back, it should first provide the employee with immediate medical assistance to ensure their health and well-being.
Once the employee's immediate medical needs have been taken care of, Trumbrella should document the incident thoroughly, including the time, date, location, and circumstances of the injury. Trumbrella should then follow the appropriate legal and regulatory requirements for reporting the incident to the relevant authorities and notifying its insurance provider. Finally, Trumbrella should investigate the root cause of the incident and take measures to prevent similar accidents from happening in the future.
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if an increase in government spending of $278 billion increases equilibrium output by a total of $544 billion, then the marginal propensity to consume must be:
If an increase in government spending of $278 billion increases equilibrium output by a total of $544 billion, then the marginal propensity to consume must be 0.5 (or 50%).
Marginal propensity to consume is a term used in economics to describe the relationship between changes in income and changes in consumption .The marginal propensity to consume (MPC) is the fraction of additional income that is spent on consumption.
This means that, for every additional dollar of government spending, the output increases by an additional $0.50, with $0.50 going to consumption and the remaining $0.50 going to other areas such as savings and investment.
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in _______________, resources are arranged sequentially according to the steps required to create a product.
In a process layout, resources are arranged sequentially according to the steps required to create a product.
A process layout is a type of manufacturing layout where similar processes are grouped together. This type of layout is typically used in situations where there is a wide variety of products being produced, and each product requires a unique set of processes. In a process layout, the machines and equipment needed to complete each step of the production process are arranged in a sequence that follows the order in which the products are made.
The advantage of a process layout is that it allows for greater flexibility in production. Because each process is separate and distinct, it is easy to switch from one product to another as needed. However, this type of layout can also be less efficient than other types of layouts, as products may have to be moved from one area to another as they progress through the production process.
Additionally, because each process requires specialized equipment, there may be duplication of equipment across multiple processes.
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narrower interpretation of the term expense: group of answer choices disregards deductions from revenue. groups expenses into categories. considers only expenses that are operating expenses. all of these are correct.
A narrower interpretation of the term expense is option C- considers only expenses that are operating expenses.
An operating expense is defined as an expense incurred in the day-to-day activities of an organization and is included in the cost of running a business. This could include wages, rent, utilities, insurance, and any other expenses related to the company’s operations.
Disregarding deductions from revenue means ignoring the costs of doing business. Grouping expenses into categories is just a way of organizing expenses for budgeting and tracking.
Therefore, the correct answer to the question would be option c. considers only expenses that are operating expenses.
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when advanced manufacturing systems are installed, what effect does such installation usually have on fixed costs and the break-even point?
The installation of advanced manufacturing systems usually has a positive effect on fixed costs and the break-even point. Fixed costs refer to expenses that do not fluctuate with production or sales volume. As advanced manufacturing systems are often more efficient and require less labour, they can reduce fixed costs such as labour costs and overhead expenses. This can lower the break-even point, which is the sales volume at which total revenue equals total costs.
A reduction in fixed costs can also lower the break-even point, since it will take fewer sales to offset fixed costs and begin making a profit. Advanced manufacturing systems are also capable of producing products with fewer defects, resulting in fewer wasted resources and costs. This could further reduce the break-even point, resulting in a higher profit margin.
In summary, the installation of advanced manufacturing systems typically leads to a reduction in fixed costs and a lower break-even point. This, in turn, increases the profit margin and can lead to increased sales and revenue for the business.
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true or false: the increased focus on business ethics that followed the business scandals of the early 2000s, including the enron collapse and civilian contractor abuses in iraq, also lead to the growing use of ethics officers.
The statement that 'the increased focus on business ethics that followed the business scandals of the early 2000s, including the Enron collapse and civilian contractor abuses in Iraq, also led to the growing use of ethics officers' is true as due to these scandals, there was a growing concern about ethical practices in business.
The increased focus on business ethics that followed the business scandals of the early 2000s, including the Enron collapse and civilian contractor abuses in Iraq, also led to the growing use of ethics officers. The rise in the number of ethics officers was a response to the heightened concern about business ethics.
In the aftermath of the Enron scandal, the importance of ethical conduct in the workplace was highlighted. The role of the ethics officer became more significant, as companies required individuals who could evaluate and regulate ethical standards. In addition, the ethics officer was responsible for developing policies that promoted ethical behaviour among the employees.
This gave the employees a clearer understanding of the standards and behaviours required of them. The growing use of ethics officers can also be attributed to the increased scrutiny of companies. Corporate responsibility and accountability became an important aspect of business operations.
Companies, therefore, required the services of ethics officers to ensure that they met the required ethical standards. The role of the ethics officer has become more significant in recent years. The current business environment is highly competitive, and companies must maintain ethical practices to remain competitive. Ethics officers play a critical role in ensuring that companies meet these ethical standards.
Hence, the statement is true.
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in order to determine whether or not the economy is entering the recession phase, economic indicators such as output and employment must be falling for a period of at least six months or longer.
To determine if the economy is entering the recession phase, you should look at economic indicators such as output and employment. If these indicators are falling for a period of at least six months or longer, it is likely that the economy is entering a recession.
Here's a step-by-step explanation:
1. Monitor economic indicators: Keep track of output (GDP) and employment figures regularly. These data are usually released by government agencies or research institutions.
2. Identify trends: Analyze the data to identify trends. Look for a consistent decline in output and employment levels over time.
3. Duration of decline: Check if the decline in output and employment has lasted for at least six months. A shorter period of decline might not necessarily indicate a recession.
4. Assess other factors: Consider other economic indicators such as consumer spending, business investment, and inflation rates to support your analysis.
5. Draw conclusions: If output and employment have been falling for at least six months or longer, and other indicators support this trend, it is likely that the economy is entering a recession phase.
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. what do you think about gilbert's growth plan? how financially stable will the firm be if this forecast is achieved?
Gilbert's growth plan appears to be ambitious and optimistic. If the forecast is achieved, the firm should be financially stable.
To better understand the potential financial stability of Gilbert's growth plan, it is important to analyze factors such as potential profits, costs, liabilities, and potential risks. Additionally, it would be beneficial to compare the plan to past financial performance, and identify potential areas of growth or decline.
it is important to identify potential areas of growth or decline. Through careful and comprehensive analysis, the potential for financial stability of Gilbert’s growth plan can be better understood. With the right strategy and implementation, the plan has the potential to provide long-term success.
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a portfolio consists of $14,600 in stock m and $21,900 invested in stock n. the expected return on these stocks is 8.60 percent and 12.20 percent, respectively. what is the expected return on the portfolio?
The expected return on the portfolio is 10.86%.
This is calculated by taking the weighted average of the expected return of stock M and stock N, which is calculated by multiplying the expected return of each stock by the amount invested and then summing the products.
In this case, $14,600 invested in stock M has an expected return of 8.60%, and $21,900 invested in stock N has an expected return of 12.20%. Therefore, the expected return on the portfolio is: (14,600 * 8.60%) + (21,900 * 12.20%) = 10.86%.
This shows that 10.86% is the expected return on the portfolio.
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7.13. can an identifying relationship of a weak entity type be of a degree greater than two? give examples to illustrate your answer.
Yes, the degree of an identifying relationship of a weak entity type can be greater than two.
A weak entity type is an entity type that does not have its own primary key, and must instead use a combination of attributes from its related entities. This combination of attributes forms its identifying relationship.
For example, consider the relationship between a school and its students. The school has its own primary key, but the student does not. The student can be identified by a combination of attributes from both the school and the student, such as the school's name, the student's name, and the student's birth date. This combination of attributes creates an identifying relationship of degree 3 (school, student name, birth date).
Another example is the relationship between a hospital and its patients. Here, the hospital has its own primary key, but the patient does not. The patient can be identified by a combination of attributes from both the hospital and the patient, such as the hospital's name, the patient's name, and the patient's social security number. This combination of attributes creates an identifying relationship of degree 3 (hospital, patient name, social security number).
In conclusion, an identifying relationship of a weak entity type can be of a degree greater than two, as demonstrated by the examples of a school and its students, and a hospital and its patients.
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suppose you borrow $500 for a year and the lender discounts $75 of interest at the time the loan is made (giving the borrower only $425). the interest rate on this loan is about:
The interest rate on this loan is about 15%.
Determine the interest rateIf you borrow $500 for a year and the lender discounts $75 of interest at the time the loan is made, giving the borrower only $425, then the interest rate on this loan is about 15%.
This can be calculated by taking the interest of $75 and dividing it by the original loan amount of $500.
Mathematically, this looks like:
Interest rate = Interest / Principal x 100
So, for this example:
Interest rate = $75 / $500 x 100 = 15%
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To qualify as an operation for purposes of determining discontinued operations, which of the following must occur? - A strategic shift is represented that will have a major effect on financial results.
- The operation must have completed a separate tax return in the past 2 years.
- A component of the entity has been sold, disposed of, or is held for sale.
- The operation must have been in business for more than 3 years.
To qualify as an operation for purposes of determining discontinued operations, a component of the entity must have been sold, disposed of, or is held for sale.
In order for an operation to be considered discontinued and reported as such in a company's financial statements, it must meet certain criteria. According to accounting standards, one of the requirements is that a component of the entity (such as a business unit, segment, or asset group) must have been sold, disposed of, or is held for sale.
This means that the company has made a decision to divest itself of this particular part of its operations, which would result in a significant change to its financial results. The other options listed - a strategic shift, completion of a separate tax return, and being in business for more than 3 years - are not specifically required for an operation to qualify as discontinued.
While they may be relevant in certain situations, the sale or disposal of a component of the entity is the key factor in determining whether an operation meets the discontinued operations criteria.
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true or false? if an expense is recorded in the accounts payable account, it is then cleared from accounts payable when payment is made.
The given statement " if an expense is recorded in the accounts payable account, it is then cleared from accounts payable when payment is made" is True because it is initially debited and then a credit is made when payment is made and effectively clears the debt from the accounts payable account.
In accounting, a “clearing” is the movement of an asset or liability from one account to another. When a company records an expense in their accounts payable account, they debit the account and record a liability. When the company pays the expense, they credit the accounts payable account and clear the liability. This reduces the amount owed in accounts payable, and allows the company to properly track all outstanding liabilities.
It is important to understand the concept of clearing when managing accounts payable. Failing to properly clear the accounts payable can lead to inaccurate records, incorrect tracking of liabilities, and incorrect financial reporting.
In summary, when an expense is recorded in the accounts payable account, it is cleared from the accounts payable when payment is made. This transaction is called a “clearing of the accounts payable” and reduces the amount owed in the accounts payable account.
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russnak corporation is investigating automating a process by purchasing a new machine for $514,000 that would have a 10 year useful life and no salvage value. by automating the process, the company would save $110,000 per year in cash operating costs. the company's current equipment would be sold for scrap now, yielding $21,000. the annual depreciation on the new machine would be $51,400. (ignore income taxes.) required: determine the simple rate of return on the investment. (round your answer to 1 decimal place.)
The simple rate of return on investment is 11.9% if Russnak corporation is investigating automating a process by purchasing a new machine for $514,000 that would have a 10-year useful life.
Cost of new machine = $514,000
Time period = 10 years
Saving amount = $110,000
yielding amount =$ 21,000
Depreciation amount = $51,400
Annual net cash inflow = Annual savings - Depreciation expense on machine
Annual net cash inflow = $110,000 - $51,400
Annual net cash inflow = $58,600
Initial investment = Cost of the machine - Proceeds from the sale of old equipment
Initial investment = $514,000 - $21,000
Initial investment = $493,000
Simple rate of return = Annual net cash inflow / Initial investment
Simple rate of return = $58,600 / $493,000
Simple rate of return = 0.119 or 11.9%
Therefore, we can conclude that the simple rate of return on investment is 11.9%.
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in terms of brand loyalty, consumers are very brand loyal and will not accept substitutes for which type of consumer product?
In terms of brand loyalty, consumers are very brand loyal and will not accept substitutes for luxury goods. What is brand loyalty? Brand loyalty refers to a consumer's affinity for a specific brand over others in the same product category.
Brand loyalty is the result of the product's perceived superiority, innovation, and perceived benefits.
The term brand loyalty is used to describe the degree of customer attachment to a brand, and it is one of the most crucial factors in a company's success.
Luxury goods can be understood as the goods that are rare, exclusive, expensive, and have a high status quotient. In general, consumers of luxury goods are very brand-loyal and are not inclined to accept substitutes.
A typical example of luxury goods is high-end watches, perfumes, and accessories, such as Gucci or Rolex watches. Thus, in terms of brand loyalty, consumers are very brand loyal and will not accept substitutes for luxury goods. Consumers may exhibit brand loyalty because they appreciate the brand's quality, aesthetics, service, or performance.
Another factor that contributes to brand loyalty is the emotional bond that consumers have with the brand. This emotional bond is the result of the consumer's association with the brand and the perception of the brand as an extension of themselves or their self-image. Brand loyalty can also be influenced by the consumer's social circle, family members, and peers.
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instructing the bank to automatically move a fixed amount of money to your savings account every month is a proven strategy to reaching financial freedom and growing your wealth. true false
a firm that pursues a differentiation strategy will often find that the added expense of offering new or unique product features offsets the increase in perceived value, and profit margins begin to erode. this underscores the importance of control for firms pursuing a differentiation strategy. true or false
True, a firm that pursues a differentiation strategy will often find that the added expense of offering new or unique product features offsets the increase in perceived value, and profit margins begin to erode.
Why is the statement correct?This underscores the importance of control for firms pursuing a differentiation strategy. To maintain profitability, firms need to carefully manage costs and continuously innovate to keep their products or services distinct and valuable to consumers.
The differentiation strategy is indeed a tactic used by organizations to attract clients by offering them something distinctively different from what their rivals could be selling in the market.
Increasing competitive advantage is the key goal of implementing a strategy of differentiation. As previously said, the most common form of differentiation strategy is product differentiation.
When a business chooses this course of action, it succeeds greatly since its rivals are unable to match the standard.
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which of the following are arguments by opponents of the view that the fed should pursue financial market stability as one of its goals? check all that apply. fixed interest rates increase the level of total spending. stable interest rates increase the level of global trade. the fed is incapable of maintaining stable interest rates in the face of an unstable demand for money. keeping interest rates fixed for too long can lead to financial crises and even economic collapse.
The arguments by opponents of the view that the Fed should pursue financial market stability as one of its goals are: Fixed interest rates increase the level of total spending and Stable interest rates increase the level of global trade. The correct option is A and B.
A financial market refers to a marketplace where individuals, institutions, and entities trade financial assets such as stocks, bonds, commodities, currencies, and derivatives.
Financial markets play a crucial role in the allocation of capital within an economy. They provide opportunities for investors to buy and sell securities, enabling the transfer of funds from savers to borrowers.
Thus, the ideal selection is option A and B.
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what is the book value of a company vehicle that cost $62,000, has a salvage value of $8,000 and an expected life of six years. after five years, what is the book value?
The book value of a company vehicle that cost $62,000, has a salvage value of $8,000, and an expected life of six years after five years is $20,000.
The book value of an asset is calculated as the difference between the asset's original cost and its accumulated depreciation. Expected life is an estimate of the amount of time that the asset will be able to generate revenue for the business. It is calculated based on the average lifespan of similar assets or on an estimate of the lifespan of the asset based on its expected usage. The salvage value is used to determine the total depreciation expense for the asset.
The book value of a company vehicle = $62,000
Salvage value = $8,000,
Expected life = six years
After five years, the book value of a company vehicle that cost $62,000, has a salvage value of $8,000, and an expected life of six years is $20,000.
The depreciation expense for the vehicle over the first five years
= $42,000 ($62,000 - $8,000
= $54,000, $54,000 ÷ 6 years
= $9,000
Depreciation expense per year x 5 years = $45,000
Total depreciation expense over 5 years)
=$62,000 original cost - $45,000 accumulated depreciation
= $17,000 book value at the end of year 5
$17,000 book value + $3,000 depreciation expense for year 6 = $20,000 book value at the end of year 6.
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When an insured has the same disability within a specified time period and the insurance company provides the same benefits without a new waiting period, the second disability is covered under which of the following benefits?
When an insured has the same disability within a specified time period and the insurance company provides the same benefits without a new waiting period, the second disability is covered under Recurrent Disability benefits.
What is Recurrent Disability?
Recurrent Disability refers to a disability that is directly or indirectly caused by the same or similar disabilities, and the individual was unable to perform their own occupation, then resumed employment for any length of time, and is unable to do their job within 90 days because of the same or similar disabilities. The most prevalent issue with this insurance is that it just covers recurrent disabilities.
When a disability that is completely new and unrelated to the prior one arises, the recurrent disability provision does not apply.
How does it function?
If a policyholder has to go on disability leave once more, they may be eligible for Recurrent Disability benefits. The new disability must be connected to the initial one, and the insurance company will use the initial date of injury or illness to establish the waiting period. The policyholder must once again meet the coverage criteria, but there is no additional waiting time. In a nutshell, the policyholder will be paid benefits right away.
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dr. desai just graduated from dental school. she is hoping to acquire the necessary funding to start her own dental practice. one advantage of this type of business is
The service provided by this kind of business is customized and difficult to create in large quantities.
What kind of enterprise generates a material good?Every company that creates tangible commodities is a part of the goods-producing industry. The majority of businesses in this industry are engaged in manufacturing, construction, and agriculture. The former is typically simpler for aspiring business owners to obtain since angel investors are frequently rich people who want to make smaller investments rather than investment firms.
Which of the following benefits do business incubators provide?Startup incubators can aid early-stage businesses in a number of ways, including by providing them with assistance in honing their concepts, developing business plans, working on goods to market fit, spotting potential intellectual property problems, and networking with other start-ups.
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an appraiser, in valuing the addition of an all-tile swimming pool that cost $43,000 six months ago, has attributed an increase in value to the property of $25,000. he has arrived at this figure under the principle of
The question asks about an appraiser valuing the addition of an all-tile swimming pool to a property. The appraiser has attributed an increase in value of $25,000 to the property, which cost $43,000 six months ago. This figure has been determined based on the principle of "substitution value".
In the conditions given, the Substitution value is the estimated cost of replacing the improvement on the property with one of similar age, condition, quality, and utility. This figure is arrived at by calculating the amount of money it would cost to replace the existing improvement with a similar one.
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overall, route 13 company is less efficient at using its assets to generate sales in year 2 than in year 1. what asset is responsible for this decreased efficiency?
Overall, Route 13 company is less efficient at using its assets to generate sales in year 2 than in year 1.
The asset that is responsible for this decreased efficiency is the total asset turnover ratio. The total asset turnover ratio is a financial ratio that is used to measure how efficient a company is at utilizing its assets to generate sales or revenue. This ratio can be computed by dividing the net sales by the average total assets of a company. Net Sales/ Average Total Assets For example, if a company has net sales of $500,000 and average total assets of $100,000, then its total asset turnover ratio would be: $500,000 / $100,000 = 5x
The total asset turnover ratio indicates how efficiently a company is using its assets to generate sales. When a company's total asset turnover ratio decreases, it means that the company is becoming less efficient at using its assets to generate sales. Therefore, the asset that is responsible for this decreased efficiency in year 2 could be the total assets themselves.In conclusion, the asset that is responsible for the decreased efficiency of Route 13 company in year 2 is the total asset turnover ratio.
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