When an economy is able to generate more, it expands. The ability to create a given amount of capital, labor, raw materials, and technology determines how much can be produced. Economic growth results from policies that promote the accumulation of any of these.
An increase in production capacity is what is meant by economic growth. Economic growth is therefore anything that raises that potential.
An economy with more physical capital can generate more than an economy with less physical capital, all else being equal. More capital investment results in greater economic growth because savings and investment increase the stock of available capital.
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Economies of countries with dictatorships do not have healthy financial systems mainly because they lack what?
Economies of nations with dictatorships do no longer have healthy financial systems especially due to the fact they lack: transparency.
The economic system is defined because of the management of monetary topics for a community, business, or own family. An instance of the economic system is the inventory marketplace gadget within the u.s.a. reasonably priced to run; makes use of minimal assets; represents proper value for cash. "He offered an economy automobile." monetary issues affect our day-by-day lives. This includes issues which include tax and inflation, hobby quotes and wealth, inequality and rising markets, and power and the environment.
An Economy is a means by using which societies or governments organize and distribute to be had assets, offerings, and goods across a geographic area or us a. monetary structures modify the factors of production, together with land, capital, labor, and bodily sources. The unique kinds of financial structures are marketplace economy, deliberate economy, Centrally planned economic system, Socialist, and Communist Economies.
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in many companies, the changing nature of work has somewhat blurred the distinction between .
We can actually deduce here that in many companies, the changing nature of work has somewhat blurred the distinction between managers and non-managers.
Who is a manager?A manager is actually known as an individual who has the responsibility to controlling, directing and supervising an organization. Th manager is the leader in that organization. Managers are known to have the responsibility of managing the organization's resources and man-power.
We see here that managers are known to be available in order to pilot the organization.
The manager or management of an organization, firm or company actually carry certain functions, some of them are:
Leading and controlling. OrganizingPlanningStaffingThese are functions that are required of the manager of a company.
Good managers help to sustain the growth and development of an organization.
Thus, we see here that in many companies, the changing nature of work has somewhat blurred the distinction between managers and non-managers.
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right medical introduced a new implant that carries a 5- year warranty against manufacturer's defects. based on industry experience with similar products, warranty costs are expected to approximate 1% of sales. sales were $15 million and actual warranty expenditures were $20,000 in the first year of selling the product.
There is a loss contingency and the estimated warranty liability is credited and warranty expense is debited in the period in which the products under warranty are sold. The right will report a liability of $388,250
Warranty Liability, Beg. Balance = $ 420,000
Warranty Expense = $21,000,000*2%
Actual Expenditure = $ 31,750
End Balance = $ 388,250
Hence, this is a loss contingency and the estimated warranty liability is credited and warranty expense is debited in the period in which the products under warranty are sold. The right will report a liability of $388,250
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Craigmont company's direct materials costs are $3,600,000, its direct labor costs total $7,540,000, and its factory overhead costs total $5,540,000. its conversion costs total:_____.
The conversion cost of Craigmont company is $13,080,000
How to calculate the conversation costs ?Conversion cost can be described as the sum of the cost of direct labor cost and overhead cost.
The cost of direct materials is $3,600,000
The direct labor costs is $7,540,000
The overhead cost is $5,540,000
Conversation cost= cost of direct labor + overhead cost
= 7,540,000 + 5,540,000
= 13,080,000
Hence the conversion cost is $13,080,000
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In a monopsonistic market, firms will hire where ________ equals marginal revenue product and pay a wage rate down to the ________.
In a monopsonistic market, firms will hire where the marginal resource cost equal the marginal revenue product and pay a product price down to the supply curve.
Supply curve, in economics, picture illustration of the connection between product rate and amount of product that a seller is inclined and capable of deliver. Product fee is measured at the vertical axis of the graph and quantity of product supplied at the horizontal axis.
Why supply curve is upward sloping?
The supply curve is upward sloping because, over the years, suppliers can pick out how tons in their goods to supply and later carry to market.
What causes a supply curve?
Supply curve shift: adjustments in manufacturing fee and associated factors can cause an entire supply curve to shift right or left. This causes a higher or lower amount to be provided at a given rate. The ceteris paribus assumption: deliver curves relate expenses and portions supplied assuming no different elements exchange.
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similarities and differences between the symbolic-interpretive paradigm and the strategic management paradigm that james grunig
The interpretative and postmodern organizational theories are the foundation of the symbolic-interpretive paradigm of public relations, but the strategic behavioral paradigm draws from all three perspectives.
Theorists and practitioners who subscribe to the symbolic-interpretive paradigm implicitly imply that the goal of public relations is to maintain the authority of the decision-makers and that it seeks to affect how the public perceives the actions of organizations over actuality.
The strategic behavioral paradigm places a strong emphasis on the involvement of public relations professionals in strategic decision-making so they may assist control organizational behavior rather than just explain it to the public. The paradigm stresses two-way and sym-metrical communication with publics before and after choices are made, rather than just managing meaning.
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Did the capture and enslavement of west africans end when the atlantic slave trade was outlawed?
While the Atlantic slave trade was outlawed in 1807, West Africans were still being captured and enslaved. This practice continued until 1902, when it was finally ended in January 1808 by British military activity in what is now Zimbabwe.
What occurred after the abolition of the slave trade?Slave trade was outlawed by Britain and other nations starting in 1807, although illegal trade persisted for a further 60 years. After 1807, around a fourth of all Africans who were sold into slavery between 1500 and 1870 were shipped across the Atlantic. A large portion of this illicit commerce went to and from the sugar cane fields in Brazil and Cuba.
The British Royal Navy conducted antislavery operations off the coast of West Africa from 1815 to 1865, confiscating hundreds of ships. Britain was compelled to pay compensation for ships that were captured and to lobby for the abolition of slavery in nations like Spain and Portugal.
Humanitarian concerns were significant, but there were also economic interests at stake. British West Indian sugar production was competitive with Cuba and Brazil.
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on january 1, 2021, the general ledger of grand finale fireworks includes the following account balances: accounts debit credit cash $ 42,700 accounts receivable 44,500 supplies 7,500 equipment 64,000 accumulated depreciation $ 9,000 accounts payable 14,600 common stock, $1 par value 10,000 additional paid-in capital 80,000 retained earnings 45,100 totals $ 158,700 $ 158,700 during january 2021, the following transactions occur: january 2 issue an additional 2,000 shares of $1 par value common stock for $40,000. january 9 provide services to customers on account, $14,300. january 10 purchase additional supplies on account, $4,900. january 12 purchase 1,000 shares of treasury stock for $18 per share. january 15 pay cash on accounts payable, $16,500. january 21 provide services to customers for cash, $49,100. january 22 receive cash on accounts receivable, $16,600. january 29 declare a cash dividend of $0.30 per share to all shares outstanding on january 29. the dividend is payable on february 15. (hint: grand finale fireworks had 10,000 shares outstanding on january 1, 2021, and dividends are not paid on treasury stock.) january 30 resell 600 shares of treasury stock for $20 per share. january 31 pay cash for salaries during january, $42,000. exercise 10-17 part 1 1. record each of the transactions listed above.
1. General Journal (FIFO perpetual inventory system):January
2:Debit Cash Account $40,000Credit Common Stock $2,000Credit Additional Paid-in Capital $38,000
To record the issue of 2,000 shares, $1 par value for $40,000.January
9:Debit Accounts Receivable $14,300Credit Service Revenue $14,300
To record services on account.January
10:Debit Supplies Account $4,900Credit Accounts Payable $4,900
To record supplies bought on account.January
12:Debit Treasury Stock $1,000Debit Additional Paid-in Capital $17,000Credit Cash Account $18,000To record 1,000 treasury stock repurchased for $18/share.January 15:Debit Accounts Payable $16,500Credit Cash Account $16,500To record payment on accounts payable.January 21:Debit Cash Account $49,100Credit Service Revenue $49,100To record services to customers for cash.January 22:Debit Cash Account $16,600Credit Accounts Receivable $16,600To record cash from accounts receivable.January 29:Debit Dividend Account $3,300Credit Dividend Payable $3,300To record dividend declared, $0.30/share.January 30:Debit Cash Account $12,000Credit Treasury Stock $600Credit Additional Paid-in Capital $11,400To record 600 treasury stock reissued for $20 per share.January 31:Debit Salaries Account $42,000Credit Cash Account $42,000To record January salaries paid.2. Adjusting Entries (General Journal):January 31:a) Debit Utilities Account $6,200Credit Accrued Utilities $6,200To record unpaid utilities for January.b) Debit Cost of Services $7,300Credit Supplies Account $7,300Being cost of servicesc) Debit Depreciation Expense $1,500Credit Accumulated Depreciation $1,500To depreciate equipment for January.d) Debit Income Tax Expense $2,000Credit Income Tax Payable $2,000To accrue income taxes for January.3. Trial Balance as at January 31, 2018 Debit CreditCash: $83,900($42,700+40,000-18,000-16,500+49,100+16,600+12,000-42,000)Accounts Receivable: $42,200($44,500 + 14,300 - 16,600)Supplies: $5,100($7,500 +4,900 - 5,100)Salaries $42,000Utilities $6,200Accrued Utilities $6,200Depreciation Expense $1,500Income Tax Expense $2,000Income Tax Payable $2,000Dividend $3,300Dividend Payable $3,300Cost of Service $7,300Service Revenue ($14,300 +49,100) $63,400Equipment: $64,000Accumulated Depreciation: ($9,000 + 1,500) $10,500Accounts Payable: $3,000($14,600 + 4,900 - 16,500)Common Stock, $1 par value (10,000 + 2,000) $12,000Treasury Stock, $1 par value $400Additional Paid-in Capital: $112,400($80,000 + 38,000 - 17,000 + 11,400)Retained Earnings: $45,100Total $257,900 $257,9004. Multiple-step Income Statement for the period ended January 31, 2018:Service Revenue $63,400Less Cost of Service $7,300Gross Profit $56,100Expenses:Salaries $42,000Utilities $6,200Depreciation $1,500 $49,700Income before taxes $6,400Income Taxes $2,000Income after taxes $4,400Retained Earnings b/f $45,100Dividend ($3,300)Retained Earnings c/f $46,2005. Classified Balance Sheet as at January 31, 2018:Current Assets:Cash $83,900Accounts Receivable $42,200Supplies $5,100 $131,200Equipment $64,000Accumulated Depreciation ($10,500) $53,500Total Assets $184,700Current Liabilities:Accounts Payable $3,000Accrued Utilities $6,200Income Taxes Payable $2,000Dividends Payable $3,300 $14,500Common Stock $12,000Treasury Stock ($400)Additional Paid-in Capital $112,400 Retained Earnings $46,200 $170,200Total Liabilities + Equity $184,7006. Closing Entries in the General Journal:a) Debit Income Statement $42,000Credit Salaries Account $42,000Transfer to the income statement.b) Debit Income Statement $6,200Credit Utilities Account $6,200Transfer to the income statement.c) Debit Income Statement $2,000Credit Income Taxes Expense $2,000Transfer to the income statement.d) Debit Retained Earnings $3,300Credit Dividends Account $3,300Transfer to the Retained Earnings Account.e) Debit Service Revenue $63,400Credit Income Statement $63,400Transfer to the income statement.f) Debit Income Statement $7,300Credit Cost of Service $7,300Transfer to the income statement.g) Debit Net Income $4,400Credit Retained Earnings $4,400Transfer of net income to Retained Earnings.
What is retained earning?
The amount of profit a business keeps after paying all of its direct and indirect expenses, income taxes, and dividends to shareholders is known as retained profits. This is the percentage of the company's equity that may be utilized, for example, to fund the purchase of new machinery, research and development, and marketing. The total profits left over after a corporation pays dividends to its shareholders are known as retained earnings. These funds might be put back into the company by, say, buying new machinery or paying off debt.
Therefore,
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name the accounting document or report that is completed just prior to preparing financial statements and assists in preparing the financial statements.
The trial balance is an accounting document that is finished right before preparing financial statements and aids in preparing the financial statement.
What is a trial balance?A worksheet with two columns—one for debits and one for credits—called a trial balance is used to check the accuracy of a company's bookkeeping.
All business transactions for a corporation over a specific time period are included in the debits and credits, including the total of accounts for assets, expenses, liabilities, and revenues.
Although a trial balance's equal debits and credits guarantee there are no mathematical errors, the accounting systems themselves may still contain inaccuracies.
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Alma corp. issues 1,000 shares of $10 par common stock at $14 per share. when the transaction is recorded, credits are made to?
Alma corp. issues 1,000 shares of $10 par common stock at $14 per share. The transaction is recorded, credits are made to Common Stock, $10,000, and Paid-In Capital in Excess of Par, $4,000
What is a stock?Security known as a stock denotes a portion of ownership in a business. A share, or a small portion of a firm, is what you buy when you buy its stock. Stocks in corporations are bought by investors who anticipate an increase in value. In that case, the stock price of the company rises as well. A profit can then be made when the stock is sold.
As a result of your participation in the company's profits, you are referred to as a shareholder when you possess stock in it.
A stock market exchange, such as the Nasdaq or the New York Stock Exchange, is how publicly traded corporations sell their stock. According to the SEC, issuing stock can be a way for businesses to generate capital to settle debt, introduce new goods, or expand their operations. (Read more about the fundamentals of the stock market here.)
Stock investment is a technique for investors to grow their money over time and outpace inflation. As a shareholder, you have the potential to profit from rising stock prices, receive dividend payments when the firm distributes its profits, and in some cases, participate in shareholder elections.
Thus, stocks refer to the ownership proportion of the company.
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all of these factors create economies of scale, except a. quantity discounts b. technological factors c. specialization and division of labor d. increase in advertisement costs
The correct option (D) increases advertisement costs.
The factor that does not create economies of scale is an increase in advertisement costs.
What are Economies of Scale?In microeconomics, economies of scale refer to the cost advantages that businesses experience as a result of their size of operation. These cost advantages are typically quantified by the amount of output produced in a given amount of time. An expansion in scale is made possible by a drop in the cost per unit of output.
The degree of market control may be influenced by technical, statistical, organizational, or other relevant elements, which form the basis of economies of scale. This only provides a brief overview of the idea.
Adam Smith is credited with developing the idea of economics and his theory of the division of labor as a means of increasing production returns.
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A borrower applied for a va guaranteed first time mortgage for $150,000. however, the property appraised for $146,000. if the buyer still wished to buy the property, what most probably will happen?
A borrower applied for a VA guaranteed first time mortgage for $150,000. However, the property appraised for $146,000. If the buyer still wished to buy the property, The VA could allow the borrower to make up the difference in cash.
What is the meaning of mortgage?
A mortgage is an agreement among you and a lender that offers the lender the right to take your own home in case you fail to pay off the cash you've borrowed plus hobby. Mortgage loans are used to buy a home or to borrow cash against the value of a domestic you already personal. Seven matters to search for in a mortgage.
What's the distinction among mortgage and loan?
A loan is the sum of money borrowed from a monetary institution to meet various dreams or requirements. it can be collateral-free or secured. Mortgage refers to an immovable property that is used as collateral to avail a loan.
Why do people go for mortgage?
A mortgage is a need in case you can't pay the whole value of a home out of pocket. There are some instances in which it makes experience to have a mortgage on your own home even though you have the money to pay it off. For example, buyers on occasion loan residences to loose up price range for other investments.
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If producers form expectations that copper prices will be higher in the future, then this will shift the:_________
As a matter of fact, if producers are expecting that copper prices will be higher in the future, then this will shift the demand curve for copper to the left.
Various arguments justify this through laws of demand and supply, Out of which one primary exogenous factor is inflationary pressure (the rate at which different consumers, producers, and investors are of the view that the price of a certain commodity is going to increase in the future) on the masses.
When people think that in the future the price of something is going to increase, so they take precautionary measures by either buying it in the present or hoarding it to sell it more expensive in the time of an inflationary crisis.
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Ron landscaping's income statement reports net income of $75,300, which includes deductions for interest expense of $11,500 and income taxes of $30,500. its times interest earned is:___.
Ron landscaping's earnings statement reviews internet earnings of $75, three hundred, which includes deductions for interest price of $11,500 and earnings taxes of $30,500. its times interest expense is: = internet profits + income Taxes + hobby rate; profits before interest and taxes = $75,three hundred + $30,500 + $eleven,500; A) 10.6 times.
An expense is an object requiring an outflow of cash, or any form of fortune in well-known, to some other character or group as a charge for an item, service, or different category of fees. For a tenant, hire is a rate. for college students or mothers and fathers, a lesson is a fee.
An expense is the cost of operations that a company incurs to generate sales. because the famous announcement goes, “it expenses cash to make cash.” common expenses consist of bills to providers, worker wages, factory rentals, and equipment depreciation.If something is done at the cost of someone or something, it is done in a way that harms someone or something. here are some instances sentences in the use of the word: malls flourished at the rate of small stores downtown. He argues that the tax reduction will gain the rich on the fee of the bad.
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Sue was looking at buying a new car. after looking at the sticker prices on really expensive models, the lower cost models looked even more attractive! sue's decision making is being affected by?
Originally, the phrase reformation (from the Latin reform is, “to resume”) suggested the removal of impurities and corruption from church establishments and those, instead of separation from the unified Roman Catholic Church (the phrase catholic meaning “universal”).
The Protestant Reformation become a non secular reform movement that swept Europe inside the 1500s. It resulted in the introduction of a department of Christianity known as Protestantism, a call used collectively to refer to the many spiritual agencies that separated from the Roman Catholic Church because of variations in doctrine.
The Reformation brought about the reformulation of certain basic tenets of Christian perception and resulted in the division of Western Christendom between Roman Catholicism and the brand new Protestant traditions.
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Sarah is 27 years old and is retiring at the age of 65. when she retires, she estimates that she will need a semiannual income for 20 years. if sarah contributes 9% of her semiannual income of $18,567.11 to a 401(k) paying 6.1% compounded semiannually, approximately what semiannual income will she be able to draw? (hint: find the future value of her investment prior to retirement and use that amount as her investment amount upon retirement) a. $21,050.02 b. $21,692.05 c. $20,407.99 d. $14,629.72 please select the best answer from the choices provided a b c d
You must first determine what the question is asking in order to be able to solve it. In this instance, it wants to know a rough estimate of Sarah's expected semiannual income. To solve this, all you need to do is calculate her investment's future value before retirement and apply that value as her retirement investment amount. The approximate semiannual income she will be able to draw is $21,050.02.
What is Future Value?
The value of a current asset at some point in the future based on an estimated rate of growth is known as future value (FV). For investors and financial planners, the future value is essential because they use it to predict how much an investment made today will be worth in the future.
Investors can make wise investment choices based on their anticipated needs by knowing the future value. However, external economic forces that depreciate an asset's value, such inflation, might have a negative impact on the asset's future worth. The FV of an asset can be determined in one of two ways: either using simple interest or using compound interest.
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Answer: a
Explanation:
Value chain support activities create value for which customers are willing to pay. true or false
A value chain is a series of processes for converting inputs into outputs that customers value. Support activities in the value chain include those related to the actual production of the product, its marketing and distribution to customers, and its after-sales support.
A value chain is what?
A value chain is made up of all the internal business operations and procedures that provide value to the finished product. Companies in all industries are now more competitive than ever in the current business environment.
Chain Value Analysis
Value chain analysis is a method that Michael Porter created in the 1980s and has since grown to be a significant tool for businesses looking to achieve a competitive edge. Value chain analysis focuses on a company's internal operations to understand its expenses and how various operations might enhance the value of its product. The examination focuses on a company's core operations, including:
Receiving, storing, and distributing inputs or raw materials is known as inbound logistics. Your interaction with suppliers is crucial in this case.
Operations: All the processes involved in converting inputs into outputs that are then offered for sale to customers. This process may be changed to improve the end outcome.
Outbound logistics: The delivery and distribution phase, which involves getting your goods to the consumer.
Sales and marketing initiatives are steps performed by a company to promote its goods to customers.
After a product or service is purchased by a consumer, service activities are those that keep its value high.
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A national chain of grocery stores wants to finance the construction of several new stores. the firm has limited internal funds, so it likely will?
A national chain of grocery stores wants to finance the construction of several new stores and demands the required funds by selling bonds.
Who is the national chain of groceries?Regional buyers for the majority of national chain stores (Kroger, Whole Foods, Costco, Safeway, Supervalu, etc.) are focused on their local network of stores. However, Nationwide Grocery stores was a grocery store chain in the American cities of New Orleans, Louisiana, and St. Louis, Missouri. Both businesses were once held by Loblaw Corporations of Canada, but Loblaw sold them to Schnucks Markets in June 1995. The Kroger Co., established in 1883 in Cincinnati, Ohio where it is still located), is now the largest grocery chain in the US and the second-largest retailer overall, just behind Walmart.
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How much did russell company have in dividends for the year? assets, january 1 $ liabilities, january 1 assets, december 31 liabilities, december 31 issuance of stock revenues expenses dividends
Russell's business enterprise has dividends for the 12 months. $ 16,900
belongings, January 1 $ liabilities, January 1 belongings, December 31 liabilities, December 31 issuance of stock sales prices dividends
solution: $ sixteen,900
Accounting Equation :
belongings = Liabilities + owners' equity
owners' equity, Jan 1 = $ forty two,000 - $ 24,000 = $ 18,000
Retained profits , Dec 31 = $ 30,seven hundred - $ sixteen,seven-hundred - $ 8,900 = $ five,a hundred.
proprietor's equity, Dec 31 = $ 90,000 - $ 50,000 = $ 40,000.
Issuance of inventory = $ forty,000 - $ 18,000 - $ five,a hundred = $ 16,900.
A dividend is a distribution of income by means of a company to its shareholders. when a company earns an income or surplus, it could pay a proportion of the income as a dividend to shareholders. Any quantity not allotted is taken to be re-invested within the enterprise.
A dividend refers to praise, cash, or in any other case, that a company offers to its shareholders. Dividends can be issued in various forms, including coin fees, shares, or every other form.
An example of a dividend is cash paid out to shareholders out of income. they're usually paid quarterly. as an example, AT&T has been making such distributions for numerous years, with its 2021 third-area issue set at $2.08 consistent with share.
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Resources are identified and selected in the? performing phase. closing phase. initiating phase. planning phase.
Resources are identified and selected in the closing phase.
The project lifestyles cycle consists of the stairs required for task managers to effectively manipulate an undertaking from start to completion. There are five stages to the venture lifestyles cycle (also known as the five system businesses)—beginning, making plans, executing, monitoring/controlling, and ultimate.
This challenge control technique normally consists of four phases: starting up, planning, executing, and final. Resources may also consist of a 5th “tracking and controlling” segment among the executing and last stages. by way of following each step, a project crew will increase the chance of accomplishing its dreams.
No matter what method control technique your employer uses to create applications, there are 4 principal ranges of software evolution – development, trying out, deployment and monitoring.
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derek is having postcards printed to advertise his services as an arizona real estate broker. he’ll use his name, derek dibbley, on the card. what else do arizona real estate advertising rules require him to include?
In addition to being a licensed real estate agent, a real estate broker is also a licensed real estate professional in their own right.
A real estate broker has knowledge that can be useful to people in real estate transactions, and just as an agent, a broker can aid with the sale or purchase of real estate. A broker's responsibility is to guarantee that real estate transactions are legal, that all paperwork is accurate and complete, and that any funds, such as those in escrow accounts, are documented and reported legally. This is a key distinction between a broker and an agent.
Every real estate agent is employed by a broker. Therefore, picture a broker (or brokerage company) as the general term for particular real estate agents, such as those you would hire to sell your house or assist you in buying a property. A broker makes sure all transactions are compliant with the law while a real estate agent manages clients, listings, and sales.
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cheri is the lessee of of a house with a detached garage . harriett has leased only the garage from cheri. however, cheri remains bound by the terms of the lease agreement with the lessor. this is an example of .
cheri is the lessee of of a house with a detached garage . harriett has leased only the garage from cheri. however, cheri remains bound by the terms of the lease agreement with the lessor. this is an example of landlord-tenant.
What is the landlord-tenant situation?This is the term that is used to refer to the landlord that would own a property and would allow someone else to make use of the same property at a given fee payment.
The property can be said to be leased between the landlord and the tenant. Hence we can say that this is an example of landlord-tenant.
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if a company has a major problem, what type of committee might it create to investigate the problem?
If a company has a major problem, the Task Force committee will investigate the problem. Task forces are time-certain and outcome-centered organizations that can be convened to guide OTA's mission, strategic targets, or software activities. The challenge pressure device helps the Knowledge-Based Governance version now utilized by the OTA Board.
What does OTA suggest in contracts?
An Other Transaction Agreement/Authority (OTA) is a criminal agreement with the federal authorities that is not a grant, cooperative agreement, or federal agreement. The federal authorities make use of OTAs to streamline studies and development, prototype development, and different initiatives with nonprofit studies institutions. Other Transaction Authority (OTA) is the time period normally used to consult the authority of the Department of Defense (DoD) to perform positive prototypes, research, and manufacturing projects.
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Identifying customers is a business process handled by the marketing function.
a. true
b. false
It is a true statement that the Identifying of customers is a business process handled by the marketing function.
What is marketing?It generally refers those activities a company undertakes to promote the buying or selling of a product or service. It includes the use of advertising, selling, and delivering products to consumers or other businesses. but some marketing are done by affiliates on behalf of a company.
The process of marketing helps to identified the target customers, therefore, It is a true statement that the Identifying of customers is a business process handled by the marketing function.
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Benjamin, age 16, is claimed as a dependent by his parents. during 2021, he earned $850 at a car wash. benjamin's standard deduction is $1,450 ($1,100 $350). true false
False, Benjamin, 16, is being claimed as a dependent by his parents. He made $850 at a car wash in 2021. It is false that Benjamin's standard deduction is $1,450 ($1,100 multiplied by 350).
Car Wash
A car wash, also referred to as an auto wash, is a facility where exteriors and, on occasion, interiors of automobiles are washed. Car washes come in three varieties: fully automated, full-service (where a staff member washes the car), and self-service (possibly connected to a gas station). In order to earn money for a deserving cause, car washes can also be events when customers pay to have their vehicles washed by volunteers using less sophisticated equipment.
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The income households actually receive before they pay personal income taxes is? a. national income. b. personal income. c. disposable personal income. d. gross domestic income.
The income households actually receive before they pay personal income taxes is personal income. (option b)
What is gross domestic income?Personal income is the income of households before any deductions are made. Deductions include taxes. Taxes are compulsory amount that must be paid to the government.
Taxes can be progressive or regressive. It is progressive if tax amount increases with income and it is regressive if it reduces with income. After taxes are deducted from personal income, the income that is left is either net personal income or disposable income. Disposable income can be spent on either consumption or it can be saved.
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if price of a good rises, what happens to quantity demanded for that good? a.it does not change. b.it decreases. c.the answer depends upon the supply of the good. d.it increases.
The correct option is (B) decreases.
How does change in the price of good affects the quantity demand?One of the earliest theories in economics is the law of demand. It combines with the law of supply to explain how market economies distribute resources and establish the costs of the goods and services we use on a daily basis. The quantity bought varies inversely with price, according to the rule of demand. To put it another way, demand decreases as price increases. Marginal utility is what causes this to happen. In other words, customers utilize the initial units of an economic good they buy to fulfill their most pressing demands first, and then they use every additional unit to fulfill progressively lower-value goals.
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in the value chain model, support activities are most directly related to the production and distribution of the firm's products and services, which create value for the customer.
The given statement "In the value chain model, support activities are most directly related to the production and distribution of the firm's products and services, which create value for the customer" is true.
Define Value chain model.A value chain is a methodical corporate strategy for taking a good or service from conception to completion.Value chains assist businesses in being more efficient so they can provide the most value for the least amount of money.A value chain's ultimate objective is to give a business a competitive edge by boosting productivity and controlling costs.The five major activities and four supporting activities of a corporation are examined under the value-chain theory.To know more about value chain model visit:
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The price of a dozen eggs rises from $3 to $4. 70. In response to this price change, quantity supplied increases from 100,000 dozen eggs to 127,000 dozen eggs. What is the approximate price elasticity of supply for eggs?.
The approximate price elasticity of supply for eggs is 0.48.
Calculating,
Price elasticity of supply = [tex]\frac{Percentage Change In Quantity Supplied}{Percentage Change In Price }[/tex]
Percentage change in quantity supplied= [tex]\frac{127000-100000}{100000}[/tex] × [tex]100[/tex] = 27%
Percentage change in price= [tex]\frac{4.70-3}{3}[/tex]×[tex]100[/tex] = 56.67%
Price elasticity of supply of eggs = [tex]\frac{Percentage Change In Quantity Supplied}{Percentage Change In Price }[/tex]
= [tex]\frac{27}{56.67}[/tex]
= 0.4764 or 0.48
The relationship between the percentage change in a product's quantity demanded and the percentage change in price is known as price elasticity of demand. It helps economists comprehend how supply and demand shift in response to changes in a product's price. The elasticity of supply and demand to changes in price is discussed in the elasticity theory. Elasticity in economics is used to analyze how shifts in consumer spending patterns or producer prices affect shifts in product demand and supply. A good or service's responsiveness to supply after a change in its market price is measured by its price elasticity of supply. When a good's price increases, its supply will also rise. A good's supply will fall when its price rises, on the other hand.
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The public company accounting oversight board may conduct investigations and disciplinary proceedings of?
The public company accounting oversight board may conduct investigations and disciplinary proceedings against Registered Public Accounting Firms.
What are Registered Public Accounting Firms?PricewaterhouseCoopers LLP or another independent public accounting firm chosen by the Company that is of recognized national stature and registered well with Public Company Accounting Oversight is considered an independent registered public accounting company. Public accounting firms are required by the Sarbanes-Oxley Act to register with the PCAOB in order to prepare or issue an audit report for a broker-dealer or a U.S. public business or to otherwise play a significant part in such audits. The PCAOB is subject to SEC monitoring, which includes approving the Board's policies, procedures, and spending plan. There are 800 or so employees at the PCAOB. We have 9 regional offices spread out around the United States and yet keep our main office in Washington, D.C.
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