GDP, the most popular way to measure economic growth, is calculated by adding up all of the money spent by consumers, businesses, and the government in a given period.
Once upon a time the health of the economy could largely be gauged by looking at three indicators of economic well-being: the inflation rate, the unemployment rate, and the growth rate of the gross domestic product. National income, output, and spending are three key variables that indicate whether an economy is growing, or in recession. Like many other indicators, income, output, and spending can also be measured in per capita terms. Growth in real national income. When economists want to know how the economy is doing overall, the big three indicators we look to are gross domestic product, unemployment, and inflation. GDP is usually considered most important, since other indicators tend to rise and fall depending on what's happening with GDP. The most common way to measure the economy is real gross domestic product, or real GDP. GDP is the total value of everything goods and services produced in our economy.
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using a spreadsheet you have written and the data for the hoko river near sekiu, wa, below, determine the required storage volume for a uniform demand of 0.35 m3 /s for the period january 1969 through december 1973. assume a regulatory restriction that allows only 6% of the flowrate to be withdrawn. what size reservoir is required? is it full at the end of december, 1973? ignore the need for increased volume for sediment.
The reservoir would not be full at the end of December 1973, as the total withdrawal rate is only 0.35 m3/s, while the average flowrate is 0.84 m3/s.
What is Average Flowrate? Average flowrate is the measurement of the average volumetric flow rate of a fluid over a certain period of time. It is calculated by taking the total volume of fluid that has passed through a system over a given period of time and dividing it by the length of that time period. The common unit for flowrate is liters per second (L/s). Average flowrate is used to measure the amount of fluid that is passing through a system or a pipe over a certain period of time. It is also used to determine the power output of pumps and other machinery. Average flowrate is an important parameter in the design and operation of water treatment plants, irrigation systems, and other hydraulic systems. It can also be used to determine the efficiency of cooling systems, fans, and other equipment. Average flowrate can also be used to calculate the energy efficiency of a system or the cost of energy used by a system.To learn more about Average Flowrate refer to:
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when business managers are asked to rank the communication skills that are most crucial to their jobs, which do they usually rank as number one?
For business managers, active listening is the most important communication ability. It is the capability to completely focused on, comprehend, and remember information via spoken conversation.
This talent enables managers to comprehend their workers', customers', and other stakeholders' wants and concerns, which is critical for successful decision making and problem solving.Active listening is essential for developing and keeping relationships since it demonstrates that the manager values the ideas and opinions of others.
It also makes managers to have a broader understanding of their team members and clients, so that they can take better decisions,on solving issues and future problems more efficiently, and to establish better relationships with their teammates at and clients.
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how long does it take after irs accepts your return?
Your refund should indeed be issued at around 6 to 8 weeks from the moment the IRS receives your print tax return if it is filed accurately and completely.
A refunding firm is what?A refunding services is a scam operation in which a skilled refunder promises to get refunds for customers in return for a charge. Refunders often use social media and other digital channels to market their brands, and they use messaging applications to communicate with their customers.
How long does it take to refund the amount?Typically, it takes three to seven days max for a reimbursement to be completely processed, although this might change depending on the circumstance. The credit issuer has a big impact on how fast the transaction unfolds.
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what amount should brandon county report for the general fund as other financing uses in its governmental funds statement of revenues, expenditures, and changes in fund balances?
The amount that Brandon County should report for the general fund as other financing uses in its governmental funds statement of revenues, expenditures, and changes in fund balances will depend on what other sources of financing the county has available.
1. Brandon County should first determine what governmental activities are included in the General Fund. These activities typically include legislative, judicial, regulatory, and administrative services.
2. Next, Brandon County should identify what other financing uses are applicable to the General Fund. These could include transfers, interfund borrowing/lending, investments, and other non-operating activities.
3. Then, Brandon County should calculate any other financing uses that are applicable to the General Fund. This could include the amount of transfers into or out of the General Fund, any interfund borrowing/lending, or any investments or other non-operating activities.
4. After calculating the applicable other financing uses, Brandon County should determine if any adjustments are necessary in order to accurately reflect the General Fund's other financing uses in the governmental funds statement of revenues, expenditures, and changes in fund balances.
5. Finally, Brandon County should report the appropriate amount for the General Fund's other financing uses in its governmental funds statement of revenues, expenditures, and changes in fund balances.
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select all that apply which of the following is/are true about the impact of variability on managing processes? multiple select question. customers understand that process variability occurs and accept that delays are inevitable. variability in processes can make planning and managing the process more challenging. process variability can lead to product delays and shortages, which can lead to a damaged company reputation.
Option B is correct. Variability in processes can make planning and managing the process more challenging. Process variability can lead to product delays and shortages, which can lead to a damaged company reputation.
What is process variability?Process variability highlights the underlying variations and oscillations in a process's outcome. A number of things, including variances in building ingredients, logistics planning, human mistake, or ecological factors, might contribute to it. Process variability can cause problems including delays, faults, and higher costs while also affecting a process's effectiveness, efficiency, and quality. To maintain quality and consistency of output, businesses must track and manage process variability. To recognize and minimize process variability, strategies like Statistical Process Control (SPC) and Six Sigma can be applied.
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company a has break-even sales of 89,000 units and budgeted sales of 109,000 units. what is the margin of safety as expressed as a percentage?
The margin of safety is 18.34% as expressed as a percentage.
The margin of safety = (Budgeted sales - Break even sale)/Budgeted sales *100
MOS = (109,000 - 89,000)/109,000 * 100
MOS = 18.34%
In typography, a margin is an area between the main content of a page and the web page edges. The margin enables to outline wherein a line of text starts and ends. while a page is justified the textual content is spread out to be flush with the left and right margins. when pages of content are combined next to every other (called a -page spread), the distance between the 2 pages is referred to as the gutter.
Margins are an essential method of organizing written phrases and feature-long records. In ancient Egypt, writing changed into recorded on papyrus scrolls. Egyptian papyrus scrolls could attain as much as 30 meters in period and contained textual content organized in columns laid out from left to proper along the scroll. Columns were referred to as pagina (or pages) and were separated by margins, so that scrolls may be unrolled horizontally, uncovering person sections one at a time. for that reason, in papyrus scrolls margins performed the characteristic of visually signaling to readers while forestalling analyzing, and moving down to the following line of textual content.
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The margin of safety, stated as a percentage, is 18.34%.
A margin in typography is the space between a page's primary text and its edges. The margin makes it possible to mark the beginning and end of each line of text. When text is justified, the left and right borders of the page are flush with the text. The gutter is the space between two pages when content pages are arranged next to one another (this is known as a page spread).
The use of margins is crucial for structuring extensive records and written words. Writing was replaced by recording on papyrus scrolls in ancient Egypt.
The margin of safety is determined by multiplying the budgeted sales by the break-even sale.
MOS = (109,000 - 89,000)/109,000 * 100
MOS = 18.34%
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wims, incorporated, has current assets of $3,300, net fixed assets of $15,500, current liabilities of $2,800, and long-term debt of $6,400. a. what is the value of the shareholders' equity account for this firm? b. how much is net working capital?
(a) $9,600 is the value of the shareholders' equity account for this firm and (b) $500 is net working capital.
Given that,
Current assets = $3,300
Net fixed assets = $15,500
Current liabilities = $2,800
Long-term debt = $6,400
(a) Total assets = Current assets + Net fixed assets
= $3,300 + $15,500
= $18,800
Total liabilities = Current liabilities + Long-term debt
= $2,800 + $6,400
= $9,200
Value of the shareholders’ equity:
= Total assets - Total liabilities
= $18,800 - $9,200
= $9,600
(b) Net working capital:
= Current assets - Current liabilities
= $3,300 - $2,800
= $500
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lynn works at a retail department store where she has a coupon to receive $18.00 off her next purchase. she also receives a 21% employee discount. if p represents the amount of her purchase, which function applies the coupon and discount so that lynn pays the lowest amount?
The lowest amount Lynn pays is (p - 18) * 0.79.
We can represent the amount that Lynn pays as a function of the original purchase amount, p. The coupon will reduce the purchase amount by $18.00, and the employee discount will reduce the purchase amount by 21%.
To apply the coupon first, we can use the function:
p - 18
And then apply the employee discount to the remaining amount, using the function:
(p - 18) * 0.79
This function applies the coupon and discount so that Lynn pays the lowest amount.
It's also worth noting that the order in which you apply the coupon and discount doesn't matter, as long as the final price is the same.
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Question 1
A producer is someone who?
A producer is someone who manufactures goods and services for the market.
Who is a producer?A producer is someone who creates or manufactures a good or service. Producers can be individuals, companies, or organizations that are involved in the process of making a product or providing a service.
They can range from small-scale producers, such as a farmer growing crops, to large-scale producers, such as a manufacturing company making cars. Producers are an important part of the economy, as they are responsible for creating the goods and services that are consumed by consumers.
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give 4 measurements a manager can take to improve working enviroment in an office
The 4 measurements a manager can take to improve working environment in an office are:
Proper working time with a break
Giving reward on time to time
Some fun activities
Proper interaction with the subordinates
Who is a manager?A manager is a person in a company or a business or a firm, who has the responsibility of managing and coordinating the assignments and projects or any work of a company.
A manager is like a coordinator of a school who manages work o a company. They can be in charge of a department or a small unit of department and the people who work in it.
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4. There are two goods, X and Y. The absolute price of X rises and the
absolute price of Y does not change. Prove that the relative price of X rises in
terms of Y.
When the absolute price of x increases while keeping the cost of y constant, the relative cost also increases.
What does absolute price mean?The amount of money required to trade a particular quantity of an item for an absolute price.
Let the absolute price of x be 2 and that of y be 4 ,now let the price of y remains unchanged and that of x rises to 4, relative price means the price of one good with respect to the other, so in the first case relative price x/y =2/4 = 0.5
Now as it rises to 4,
new relative price =4/4 =1
1>0.5
So, when absolute price of x rises keeping that of y constant, then the relative price also rises.
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What economic problem would be solved by taking money out of circulation
(away from people)? What could the Fed do to contract the money supply? What is a contractionary action Congress could take? Why do these contractionary actions help with this problem?
A central bank's employment about an expansionary policy involves really an effort to stimulate the economy by increasing demand through fiscal and fiscal stimulus.
What harms does expansive policy produce?Accommodative monetary policy increase the amount of cash available, which in turn boosts spending and accelerates economic growth. Because businesses have access to more money, they boost production, which raises demand for all production-related inputs, including human capital.
What do expansionary policies make more?A central bank's use of its resources to boost the economy is known as expansionary monetary policy. This boosts the money supply, brings down interest rates, and boosts demand. Economic growth is boosted.
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a customer buys 100 shares of preffered stock an $80 per share. the par value is $100. the dividend rate is 10%. the customer will recive how much each dividend?
A customer buys 100 shares of preferred stock an $80 per share. the par value is $100. The dividend rate is 10%. The customer will receive $500 each dividend.
We will calculate dividend by following steps.
10% of $100 par = $10
$10 x 100 shares = $1,000
1,000/2 = $500
Preferred shares contain the characteristics of stocks and bonds, hence their valuation differs from common shares. Preferred shareholders, like common shareholders, are part owners of the corporation in proportion to their holdings.
Preferred shares are hybrid securities that combine aspects of common stock and corporate bonds. If preferred stocks pay a set dividend, the value can be calculated by discounting each payment to the present day.
In common stock, this fixed dividend is not guaranteed. Take these payments and multiply the sum of the present values into perpetuity to determine the stock value.
You must account for this if the dividend has a history of predictable growth or if the corporation claims that continual growth will occur.
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true or false? a disaster recovery plan (drp) is part of a business continuity plan (bcp) and is necessary to ensure the restoration of resources required by the bcp to an available state.
A disaster recovery plan (DRP) outlines a plan for restarting services after a calamity.
What is the difference between disaster recovery plan (drp) and business continuity plan (bcp)?An organization's ability to promptly restart operations following an unanticipated occurrence is described in a disaster recovery plan (DRP), which is a written, structured method. Including a DRP in a business continuity strategy is crucial (BCP).
BCM is a component, and DRP and Crisis Management enhance it. BCM is a risk mitigation element of ERM because it is one of the elements essential to preserving the sustainability of an organisation dealing with interruption.
A disaster recovery plan (DRP) lays out a strategy for resuming services following a catastrophe. In most cases, it is applied to establishments like restaurants and retail stores that have set operating hours. A BCP provides a comprehensive outline of the steps necessary to resume service following a disruption.
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marlene does the grocery shopping for her family. when it comes to purchasing soda, marlene buys the store brand in order to save money, even though her family would prefer to drink name brand soda because they think it tastes better. this exemplifies a problem in family decision roles: sometimes the
Marlene does the grocery shopping for her family. When it comes to purchasing soda, Marlene buys the store brand in order to save money, even though her family would prefer to drink name brand soda because they think it tastes better. This exemplifies a problem in family decision roles: sometimes the USER is not the PURCHASER.
A purchaser, like a purchasing agent, is in charge of making purchases for their company or on behalf of other people. Buyers may purchase finished goods, supplies for manufacturing and production, equipment for offices and factories, or services.
Buyers are those who purchase finished goods like clothing or furnishings. Those who purchase the components and supplies used to manufacture items are known as purchasing agents or purchasers. Both of these worker categories do comparable tasks. Before purchasing any items, buyers and purchasers conduct supplier research.
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The correct question is:
Marlene does the grocery shopping for her family. When it comes to purchasing soda, Marlene buys the store brand in order to save money, even though her family would prefer to drink name brand soda because they think it tastes better. This exemplifies a problem in family decision roles: sometimes the ________ is not the ________.
in the context of international marketing, a relatively new problem facing u.s. companies is
In the perspective of global marketing, competition from foreign rivals in the United States is a relatively new concern for American enterprises.
What exactly is meant by the phrase "competition"?
Competition is a contest in which two or more parties compete for a single, unshareable goal; in this case, one party's success equals the failure of the other. Biology, humans, and economic and social systems are all examples of entities that can compete.
Two male birds of the same species, for example, can compete for mates in the same region. This type of competitiveness is a crucial component of natural selection. It fosters a species' potential to create superior adaptations over time. Members of different species compete with one another across interspecific boundaries.
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which of the management theorists attending the meeting would have advocated for promoting an employee with extensive leadership experience, rather than an employee who was the son of a friend of a current manager? chester barnard frederick taylor max weber henri fayol
Max Weber was an early proponent of merit-based promotion, which emphasizes selecting and promoting the best-qualified employee for a position. The correct answer is Max Weber.
He argued that personnel decisions should be based on the individual's qualifications and abilities, rather than family connections or other non-merit factors. Therefore, he would have advocated promoting the employee with extensive leadership experience, rather than the employee with the family connection.
Hence the correct answer to the given question is Max Weber.
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grand resorts has acquired the services of elegant inc. to develop advertisements for their organization. elegant inc. has advised them to add a panoramic view to billboard ads and to portray tourists lounging by the sea. elegant inc. is an example of a
As Elegant Inc. has advised them to add a panoramic view to billboard ads and to portray tourists lounging by the sea, this is an example of creative boutique.
Elegant Inc. is revolutionizing the way businesses advertise with their creative boutique approach.
By suggesting to add a panoramic view to billboard ads and to depict tourists lounging by the sea, they are pushing the boundaries of traditional advertising.
Their unique approach to advertising is sure to capture the attention of potential customers and leave a lasting impression on them.
This is the perfect way for businesses to differentiate themselves from their competition and stand out from the crowd.
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It is July 16. A company has a portfolio of stocks worth $100 million. The beta of the portfolio is 1. 2. The company would like to use the CME December futures contract on the S&P 500 to change the beta of the portfolio to 0. 5 during the period July 16 to November 16. The index futures price is 2,000 and each contract is on $250 times the index.
A) What position should the company take?
B) Suppose that the company changes its mind and decides to increase the beta of the portfolio from 1. 2 to 1. 5. What position in futures contracts should it take?
To raise the beta to 1.2, the company must take a stake and purchase 280 Bse 500 future deals.
What does "company" mean?A company is a legal body created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending just on corporate legislation of its jurisdiction, a corporation may be set up in a variety of ways for tax & financial liability reasons.
What makes it a firm, and why?A firm is the name given to a business because its personnel want to produce value. The Latin language is where the term "produce," which meaning to lead forth bring forth, originates. The term "company" first appears in Old French, where it meant camaraderie or compaignie. The term "business" also has Old English roots, when busy and -ness are combined.
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oel foster is the portfolio manager of the sf fund, a $3 million hedge fund that contains the following stocks. the required rate of return on the market is 11.00% and the risk-free rate is 5.00%. what rate of return should investors expect (and require) on this fund? stock amount beta a $1,075,000 1.20 b 675,000 0.50 c 750,000 1.40 d 500,000 0.75 $3,000,000
The rate of return that the investors should expect (and require) on this fund should be (c) 11.11%
The formula for the capital asset pricing model that we employ is displayed below:
Expected rate of return =risk free rate+ beta x (required rate of return- risk free rate)
We must first compute the beta because it is not provided. The math is as follows:
stock A= (Stock amount/total amount) x beta
=($1075000/ $3000000) x 120
= 0.3583x1.20
= 0.43
stock B= (Stock amount/total amount) x beta
=($675000/ $3000000) X O.50
= 0.225 X 0.50
= 0.1125
Stock C= (Stock amount/total amount) x beta
=($75000/ $3000000) X 1.40
= 0.25 X 1.40
0.35
Stock D= (Stock amount/total amount) x beta
=($500000/$3000000) X 0.75
=0.1667 X 0.75
= 0.1251
The entire value of beta is equal to 1.017, which is equivalent to 0.43, 0.1125, 0.35, and 0.1251.
Add these values to the formula above now.
Therefore, the value would be = 5% + 1.017 (11% - 5%) = 5% + 6.102% = 11.102% Which would be equal to 11.11%(approx.)
The anticipated profit or loss on an investment with known historical return rates is known as the expected return (RoR). It is determined by dividing possible results by the likelihood that they will occur, adding the results, and then subtracting the results.
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Select the correct answer from the drop-down menu if a society decides to produce consumer goods from its available resources, it is answering the basic economic question, how to produce? What to produce? For whom to produce?
A) how to produce
B) what to produce
C) to whom to produce
company dept. a dept b. estimated manufacturing overhead $500,000 $338,000 $162,000 estimated direct labor cost $250,000 $130,000 $120,000 actual manufacturing overhead $720,000 $400,000 $320,000 actual direct labor cost $300,000 $160,000 $140,000 based on this information, the predetermined overhead rate per direct labor dollar for dept. a is blank . multiple choice question. $2.60 $2.40 $2.50 $2.00
The pre-determined overhead rate per direct labor dollar for Dept. B is 1.35.
What is manufacturing overhead?The overall expense associated with running all production facilities for a manufacturing business that cannot be immediately attributed to a product is known as factory overhead, also known as manufacturing overhead, work overhead, or factory burden in American English. Typically, indirect labor and indirect costs are included. The expense of keeping a manufacturing plant operational is known as manufacturing overhead costs.Factory overhead examples include the following.
additional labor expensesDepreciation of equipment and plants resulting from factory rentadministrative and sales expensesThe pre-determined overhead rate per direct labor dollar for Dept. B = Estimated manufacturing overhead / Estimated direct labor cost
= $162,000 / $120,000 = 1.35
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on june 1, 2020, england inc. reported a cash balance of $42,000. during june, england made cash sales of $16,000 and made cash payments totaling $48,000. what is the cash balance at the end of june? $58.000 debit balance. $10,000 debit balance. $58,000 credit balance. $10,000 credit balance
England Inc. reported a $42,000 cash balance as of June 1st, 2020. England made cash transactions and payments of $16,000 and $48,000 in june. There would be a $10,000 negative balance in the cash balance at the end of June.
You may use the following formula to determine the final cash balance:
Ending Cash Balance = Beginning Cash Balance + Cash Sales - Cash Payments.
Adding the specified values:
$42,000 plus $16,000 less $48,000 is a $10,000 deficit.
A debit balance in accounting denotes a negative cash balance, indicating debt for the business. This indicates that the business has to raise extra dollars to pay its expenditures since it has spent more money than it has brought in via sales.
The sum of money that a business has on hand at the moment is called its cash balance. This cash is held in reserve to cover any unforeseen financial shortfalls. Without this financial safety net, companies could find themselves unable to cover their expenses.
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Cost Definitions Wyandotte Company provided the following information for the last calendar year: Beginning inventory: Direct materials $32,400 Work in process 48,000 Ending inventory: Direct materials $22,000 Work in process 20,400 During the year, direct materials purchases amounted to $255,600, direct labor cost was $185,200, and overhead cost was $310,800. There were 40,000 units produced. Required: 1. Calculate the total cost of direct materials used in production. $ 266,000 2. Calculate the cost of goods manufactured. $ 789,600 Calculate the unit manufacturing cost. If required, round your answer to the nearest cent. $19. 74 per unit 3. Of the unit manufacturing cost calculated in Requirement 2, $6. 65 is direct materials and $7. 77 is overhead. If required, round intermediate calculations and your final answers to the nearest cent. What is the prime cost per unit? $ 11. 97 per unit What is the conversion cost per unit?
The cost of direct material procurement was $254,800, the cost of direct labor was $166,400, and the cost of overhead was $304,800.
What does the word "cost" really mean?The sum paid for anything, or its equivalent is called the price. The average price of a college degree has significantly increased. the money invested or spent to accomplish a goal.
What do the terms "cost" mean differently?Cost refers to a price or a sacrifice that must be made in return for something. Using the word cost as a verb is to demand payment or even to cause a loss of something. As a noun phrase, cost has numerous more meanings.
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harrison needs a new toaster. he ask his friends what brands they have, and is looking for one that can handle bagels. he does not think about looking at any other attributes such as energy consumption or warranties. what type of problem solving is harrison undertaking?
Harrison uses an approach to problem solving called heuristic problem solving. Heuristic problem solving is a type of problem solving that relies on a person's experience and intuition to correctly guess and develop a solution.
In Harrison's case, he relies on his friends' experiences to determine which brand of toaster is best for him. He doesn't consider any other factors like energy consumption or warranties because he relies on their experience to decide which toaster to buy. In this case, Harrison is trying to find a toaster that can handle bagels, so he uses the knowledge available to him (his friends) to make a decision. Heuristic problem solving is often a quick and efficient way to solve a problem because it relies on the person's current knowledge and experience.
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a car salesperson earns a 12.5% commission on every car sold. the salesperson sells a car for $22,399. what is the commission (rounded to the nearest cent)?
If a car salesperson earns a 12.5% commission on every car sold. The salesperson sold a car for $17,500. Then $2,799.8 is the commission earned from the sale
A commission is a fee a broker or investment advisor charges for handling a client's purchases and sales of securities or for offering financial advice.
Given,
A car salesperson earns a 12.5% commission on every car sold.
The salesperson sold a car for $22,399.
We need to find the commission earned from the sale.
12.5% is to be converted to decimal by dividing by 100.
= 12.5%=12.5/100=0.125
Now multiply 0.125 by 22,399 to find what is 12.5% of 22,399
= 0.125×22,399
= 2,799.8
Therefore, $2,799.8 is the commission earned by the salesperson.
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Louisa has a savings account that pays interest at an annual percentage rate of 2 percent. The current annual inflation rate is 4 percent. Based on this information, and assuming these rates stay constant in the future, which statement is true?
A dollar generally buys 2% fewer goods and services today than it did last year at an annual inflation rate of 2%. It's crucial to realize that while prices have increased through time, so have wages.
What is inflation rate?Price increases, or inflation, can be thought of as the gradual loss of purchasing power. The average price increase of a selection of products and services over time can serve as a proxy for the rate at which buying power declines.
A unit of currency effectively buys less as a result of the increase in pricing, which is sometimes stated as a percentage. Deflation, which happens when prices fall and buying power rises, can be compared to inflation.
Commodities like food grains, metal, and fuel are among them, as are utilities like power and transportation, as well as services like labor, entertainment, and health care.
The objective of measuring inflation is to determine the overall effect of changes in price for a variety of goods.
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Changes in the ___ or ___ system in the US has an effect on business
Changes in the political or economic system in the US can have an effect on businesses.
How does the political or economic system affect businesses?
Political changes can affect businesses in a variety of ways. For example, changes in government policies or regulations can affect the costs of doing business, such as taxes, labor laws, and environmental regulations. Changes in trade policies, such as tariffs or trade agreements, can also affect businesses that import or export goods. Additionally, changes in government leadership can also bring about changes in the overall direction and priorities of the government, which can also impact businesses.
Economic changes can also have a significant impact on businesses. For example, changes in interest rates can affect the cost of borrowing for businesses and consumers, which can in turn affect spending and investment. Changes in consumer spending patterns can also affect businesses, as they can change the demand for their products or services. Additionally, changes in the overall economic conditions, such as a recession or a period of growth, can also have a big impact on businesses.
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almost all economists agree that a large federal budget deficit _____
Almost all economists concur that the economy is negatively impacted by a substantial federal budget deficit.
Describe a budget.An expenditure plan for your firm based on your profits and expenses is called a business budget. It determines your available cash, calculates your expenses, and aids in income forecasting. A budget can aid in the planning of your business operations and serve as a benchmark for the establishment of financial objectives.
Why is a corporate budget important?One of the crucial tools for directing your organization is a comprehensive and practical budget. A budget offers crucial knowledge for living within your means, dealing with unforeseen difficulties, and making a profit.
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Louis files as a single taxpayer. In April of this year he received a $900 refund of state income taxes that he paid last year. How much of the refund, if any, must Louis include in gross income under the following independent scenarios? Assume the standard deduction last year was $12,200. (Leave no answer blank. Enter zero if applicable. ) a. Last year Louis claimed itemized deductions of $12,450. Louis’s itemized deductions included state income taxes paid of $1,750 and no other state or local taxes
$200 is included if itemized deductions exceeded the standard deduction by $200 availed by Louis.
What is Deduction ?A deduction is a cost that can be taken out of a taxpayer's gross income to lower the amount of income that is taxable.
For instance, if you earn $50,000 a year and donate $1,000 to charity, you are qualified to claim a deduction for that amount, bringing your taxable income down to $49,000. An allowed deduction is a term frequently used by the Internal Revenue Service (IRS) to describe a deduction.
American taxpayers can choose between itemising their deductions and taking the standard deduction. It is simpler and involves less paperwork and record-keeping to claim the standard deduction.
Most taxpayers now use Form 1040, which has been updated by the Internal Revenue Service (IRS), which has abolished the outdated 1040A.
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